N-Q 1 a_jhtrust.htm JOHN HANCOCK VARIABLE INSURANCE TRUST a_jhtrust.htm
UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, DC 20549 
 
FORM N-Q 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED 
MANAGEMENT INVESTMENT COMPANY 
 
Investment Company Act file number:                 811-04146 
JOHN HANCOCK VARIABLE INSURANCE TRUST 
(Exact name of registrant as specified in charter) 
 
601 CONGRESS STREET, BOSTON, MA 02210 
(Address of principal executive offices)  (Zip code) 
 
MICHAEL J. LEARY, 601 CONGRESS STREET, BOSTON, MA 02210 
(Name and address of agent for service) 
 
Registrant’s telephone number, including area code: 617-663-4490 
 
Date of fiscal year end: December 31 
 
Date of reporting period: March 31, 2011 
 
Item 1. Schedule of Investments. 

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 98.86%    
Consumer Discretionary - 10.32%    
Auto Components - 0.26%    
Johnson Controls, Inc. 364,672 $ 15,159,415
The Goodyear Tire & Rubber Company (I)(L) 130,814 1,959,594
 
    17,119,009
Automobiles - 0.55%    
Ford Motor Company (I) 2,036,545 30,364,886
Harley-Davidson, Inc. (L) 126,800 5,387,732
 
    35,752,618
Distributors - 0.07%    
Genuine Parts Company 84,880 4,552,963
Diversified Consumer Services - 0.11%    
Apollo Group, Inc., Class A (I) 66,277 2,764,414
DeVry, Inc. 33,177 1,827,057
H&R Block, Inc. (L) 164,343 2,751,102
 
    7,342,573
Hotels, Restaurants & Leisure - 1.60%    
Carnival Corp. 232,348 8,912,869
Darden Restaurants, Inc. 74,346 3,652,619
International Game Technology (L) 160,868 2,610,888
Marriott International, Inc., Class A 156,492 5,567,985
McDonald’s Corp. 561,694 42,739,296
Starbucks Corp. 401,634 14,840,376
Starwood Hotels &    
Resorts Worldwide, Inc. (L) 103,459 6,013,037
Wyndham Worldwide Corp. 93,282 2,967,300
Wynn Resorts, Ltd. 40,927 5,207,961
Yum! Brands, Inc. 251,665 12,930,548
 
    105,442,879
Household Durables - 0.41%    
D.R. Horton, Inc. (L) 151,295 1,762,587
Fortune Brands, Inc. 82,600 5,112,114
Harman International Industries, Inc. 37,509 1,756,171
Leggett & Platt, Inc. (L) 78,821 1,931,115
Lennar Corp., Class A (L) 86,516 1,567,670
Newell Rubbermaid, Inc. 156,452 2,992,927
Pulte Group, Inc. (I)(L) 180,990 1,339,326
Stanley Black & Decker, Inc. 90,020 6,895,532
Whirlpool Corp. (L) 40,942 3,494,809
 
    26,852,251
Internet & Catalog Retail - 0.85%    
Amazon.com, Inc. (I) 191,822 34,552,897
Expedia, Inc. (L) 107,714 2,440,799
Netflix, Inc. (I) 23,635 5,609,295
priceline.com, Inc. (I) 26,462 13,401,415
 
    56,004,406
Leisure Equipment & Products - 0.12%    
Hasbro, Inc. 73,771 3,455,434
Mattel, Inc. 187,724 4,679,959
 
    8,135,393
Media - 3.26%    
Cablevision Systems Corp., Class A 125,211 4,333,553
CBS Corp., Class B 362,010 9,064,730
Comcast Corp., Class A 1,494,818 36,951,901
DIRECTV, Class A (I) 427,215 19,993,662
Discovery    
Communications, Inc., Series A (I)(L) 151,589 6,048,401
Gannett Company, Inc. (L) 129,045 1,965,355
News Corp., Class A 1,229,523 21,590,424
Omnicom Group, Inc. 152,919 7,502,206

 

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Scripps Networks Interactive, Inc., Class A (L) 48,790 $ 2,443,891
The Interpublic Group of Companies, Inc. 263,375 3,310,624
The McGraw-Hill Companies, Inc. 165,108 6,505,255
The Walt Disney Company 1,022,425 44,056,293
The Washington Post Company, Class B (L) 2,853 1,248,359
Time Warner Cable, Inc. 184,873 13,188,840
Time Warner, Inc. 588,363 21,004,559
Viacom, Inc., Class B 321,398 14,951,435
 
    214,159,488
Multiline Retail - 0.74%    
Big Lots, Inc. (I) 40,631 1,764,604
Family Dollar Stores, Inc. 68,044 3,492,018
J.C. Penney Company, Inc. 127,435 4,576,191
Kohl’s Corp. 157,416 8,349,345
Macy’s, Inc. 227,898 5,528,805
Nordstrom, Inc. 90,373 4,055,940
Sears Holdings Corp. (I)(L) 23,452 1,938,308
Target Corp. 381,218 19,064,712
 
    48,769,923
Specialty Retail - 1.85%    
Abercrombie & Fitch Company, Class A (L) 46,972 2,757,256
AutoNation, Inc. (I)(L) 34,513 1,220,725
AutoZone, Inc. (I) 14,382 3,934,340
Bed Bath & Beyond, Inc. (I) 137,144 6,619,941
Best Buy Company, Inc. 176,149 5,058,999
CarMax, Inc. (I)(L) 121,434 3,898,031
GameStop Corp., Class A (I)(L) 81,508 1,835,560
Home Depot, Inc. 882,313 32,698,520
Limited Brands, Inc. 142,398 4,682,046
Lowe’s Companies, Inc. 742,970 19,636,697
O’Reilly Automotive, Inc. (I) 75,981 4,365,868
RadioShack Corp. (L) 56,951 854,835
Ross Stores, Inc. 64,113 4,559,717
Staples, Inc. 387,348 7,522,298
The Gap, Inc. (L) 234,841 5,321,497
Tiffany & Company (L) 68,051 4,181,053
TJX Companies, Inc. 213,093 10,597,115
Urban Outfitters, Inc. (I) 68,888 2,054,929
 
    121,799,427
Textiles, Apparel & Luxury Goods - 0.50%    
Coach, Inc. 159,239 8,286,798
NIKE, Inc., Class B 206,090 15,601,013
Polo Ralph Lauren Corp. 35,214 4,354,211
VF Corp. (L) 46,604 4,591,892
 
    32,833,914
 
    678,764,844
Consumer Staples - 10.10%    
Beverages - 2.37%    
Brown Forman Corp., Class B (L) 55,499 3,790,582
Coca-Cola Enterprises, Inc. 177,758 4,852,793
Constellation Brands, Inc., Class A (I) 94,725 1,921,023
Dr. Pepper Snapple Group, Inc. 120,585 4,480,939
Molson Coors Brewing Company 85,507 4,009,423
PepsiCo, Inc. 854,145 55,015,479
The Coca-Cola Company 1,235,220 81,956,847
 
    156,027,086
Food & Staples Retailing - 2.21%    
Costco Wholesale Corp. 235,018 17,231,520
CVS Caremark Corp. 736,599 25,280,078
Safeway, Inc. 198,233 4,666,405
SUPERVALU, Inc. (L) 114,233 1,020,101

 

1

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food & Staples Retailing (continued)    
Sysco Corp. 313,721 $ 8,690,072
The Kroger Company 342,382 8,206,897
Wal-Mart Stores, Inc. 1,054,743 54,899,373
Walgreen Company 496,612 19,934,006
Whole Foods Market, Inc. 79,427 5,234,239
 
    145,162,691
Food Products - 1.67%    
Archer-Daniels-Midland Company 343,112 12,355,463
Campbell Soup Company (L) 98,272 3,253,786
ConAgra Foods, Inc. 234,584 5,571,370
Dean Foods Company (I)(L) 98,679 986,790
General Mills, Inc. 342,311 12,511,467
H.J. Heinz Company (L) 173,264 8,458,748
Hormel Foods Corp. (L) 74,541 2,075,221
Kellogg Company (L) 135,629 7,321,253
Kraft Foods, Inc., Class A 941,591 29,528,294
McCormick & Company, Inc., Class B 71,586 3,423,958
Mead Johnson Nutrition Company 110,146 6,380,758
Sara Lee Corp. 335,115 5,921,482
The Hershey Company 83,216 4,522,790
The J.M. Smucker Company 64,096 4,575,813
Tyson Foods, Inc., Class A 160,559 3,081,127
 
    109,968,320
Household Products - 2.04%    
Clorox Company (L) 74,086 5,191,206
Colgate-Palmolive Company 265,892 21,473,438
Kimberly-Clark Corp. 217,709 14,209,866
The Procter & Gamble Company 1,507,892 92,886,147
 
    133,760,657
Personal Products - 0.19%    
Avon Products, Inc. 231,383 6,256,596
The Estee Lauder Companies, Inc., Class A 61,649 5,940,498
 
    12,197,094
Tobacco - 1.62%    
Altria Group, Inc. 1,126,294 29,317,433
Lorillard, Inc. 78,361 7,445,079
Philip Morris International, Inc. 967,543 63,499,847
Reynolds American, Inc. 182,065 6,468,769
 
    106,731,128
    663,846,976
Energy - 13.10%    
Energy Equipment & Services - 2.47%    
Baker Hughes, Inc. 233,798 17,167,787
Cameron International Corp. (I) 131,775 7,524,353
Diamond Offshore Drilling, Inc. (L) 37,425 2,907,923
FMC Technologies, Inc. (I)(L) 64,682 6,111,155
Halliburton Company 491,735 24,508,072
Helmerich & Payne, Inc. 57,249 3,932,434
Nabors Industries, Ltd. (I) 154,056 4,680,221
National Oilwell Varco, Inc. 226,697 17,970,271
Noble Corp. 135,823 6,196,245
Rowan Companies, Inc. (I) 68,013 3,004,814
Schlumberger, Ltd. 732,735 68,334,866
 
    162,338,141
Oil, Gas & Consumable Fuels - 10.63%    
Anadarko Petroleum Corp. 267,176 21,887,058
Apache Corp. 206,068 26,978,423
Cabot Oil & Gas Corp. (L) 56,141 2,973,789
Chesapeake Energy Corp. 354,058 11,868,024
Chevron Corp. 1,080,776 116,107,766

 

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
ConocoPhillips 769,697 $ 61,468,002
CONSOL Energy, Inc. 121,802 6,532,241
Denbury Resources, Inc. (I) 215,901 5,267,984
Devon Energy Corp. 229,891 21,097,097
El Paso Corp. 379,431 6,829,758
EOG Resources, Inc. 136,913 16,225,560
EQT Corp. 80,311 4,007,519
Exxon Mobil Corp. 2,669,622 224,595,299
Hess Corp. 161,803 13,787,234
Marathon Oil Corp. 382,402 20,385,851
Massey Energy Company (L) 55,699 3,807,584
Murphy Oil Corp. 103,829 7,623,125
Newfield Exploration Company (I) 72,325 5,497,423
Noble Energy, Inc. 94,619 9,144,926
Occidental Petroleum Corp. 437,623 45,727,227
Peabody Energy Corp. 145,665 10,482,053
Pioneer Natural Resources Company 62,695 6,389,874
QEP Resources, Inc. 94,919 3,848,016
Range Resources Corp. (L) 86,405 5,051,236
Southwestern Energy Company (I) 187,223 8,044,972
Spectra Energy Corp. 349,210 9,491,528
Sunoco, Inc. 64,940 2,960,615
Tesoro Corp. (I)(L) 77,082 2,068,110
The Williams Companies, Inc. 315,606 9,840,595
Valero Energy Corp. 306,324 9,134,582
 
    699,123,471
 
    861,461,612
Financials - 15.57%    
Capital Markets - 2.38%    
Ameriprise Financial, Inc. 132,716 8,106,293
E*TRADE Financial Corp. (I) 119,116 1,861,783
Federated Investors, Inc., Class B (L) 49,857 1,333,675
Franklin Resources, Inc. 78,062 9,763,995
Invesco, Ltd. 247,862 6,335,353
Janus Capital Group, Inc. (L) 100,188 1,249,344
Legg Mason, Inc. 81,962 2,958,009
Morgan Stanley 832,141 22,734,092
Northern Trust Corp. 130,344 6,614,958
State Street Corp. 270,370 12,150,428
T. Rowe Price Group, Inc. 139,439 9,261,538
The Bank of New York Mellon Corp. 668,576 19,970,365
The Charles Schwab Corp. 537,713 9,694,965
The Goldman Sachs Group, Inc. 280,232 44,408,365
 
    156,443,163
Commercial Banks - 2.85%    
BB&T Corp. (L) 373,962 10,265,257
Comerica, Inc. (L) 95,167 3,494,532
Fifth Third Bancorp 494,108 6,858,219
First Horizon National Corp. 141,793 1,589,500
Huntington Bancshares, Inc. 464,808 3,086,325
KeyCorp 474,032 4,209,404
M&T Bank Corp. (L) 64,730 5,726,663
Marshall & Ilsley Corp. 285,408 2,280,410
PNC Financial Services Group, Inc. 282,922 17,821,257
Regions Financial Corp. 677,156 4,916,153
SunTrust Banks, Inc. 269,454 7,771,053
U.S. Bancorp 1,034,742 27,348,231
Wells Fargo & Company 2,836,238 89,908,745
Zions Bancorporation (L) 98,536 2,272,240
 
    187,547,989
Consumer Finance - 0.76%    
American Express Company 563,200 25,456,640

 

2

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Consumer Finance (continued)    
Capital One Financial Corp. 246,227 $ 12,793,955
Discover Financial Services 293,551 7,080,450
SLM Corp. (I) 283,678 4,340,273
 
    49,671,318
Diversified Financial Services - 4.12%    
Bank of America Corp. 5,449,048 72,635,810
Citigroup, Inc. (I) 15,643,251 69,143,169
CME Group, Inc. 36,079 10,879,622
IntercontinentalExchange, Inc. (I) 39,509 4,880,942
JPMorgan Chase & Company 2,144,650 98,868,365
Leucadia National Corp. (L) 106,553 4,000,000
Moody’s Corp. (L) 107,449 3,643,596
NYSE Euronext 140,625 4,945,781
The NASDAQ OMX Group, Inc. (I) 80,594 2,082,549
 
    271,079,834
Insurance - 3.80%    
ACE, Ltd. 180,650 11,688,055
Aflac, Inc. 253,151 13,361,310
American International Group, Inc. (I)(L) 77,334 2,717,517
AON Corp. 179,330 9,497,317
Assurant, Inc. 53,804 2,071,992
Berkshire Hathaway, Inc., Class B (I) 931,908 77,935,466
Chubb Corp. (L) 158,939 9,744,550
Cincinnati Financial Corp. (L) 87,761 2,878,561
Genworth Financial, Inc., Class A (I) 263,747 3,550,035
Hartford Financial Services Group, Inc. 239,437 6,448,038
Lincoln National Corp. 170,020 5,107,401
Loews Corp. 169,277 7,294,146
Marsh & McLennan Companies, Inc. 292,930 8,732,243
MetLife, Inc. 568,074 25,409,950
Principal Financial Group, Inc. (L) 172,722 5,546,103
Prudential Financial, Inc. 261,654 16,112,653
The Allstate Corp. 285,220 9,064,292
The Progressive Corp. 355,355 7,508,651
The Travelers Companies, Inc. 232,071 13,803,583
Torchmark Corp. 41,953 2,789,035
Unum Group 166,728 4,376,610
XL Group PLC 167,442 4,119,073
 
    249,756,581
Real Estate Investment Trusts - 1.52%    
Apartment Investment & Management    
Company, Class A 63,602 1,619,943
AvalonBay Communities, Inc. (L) 46,347 5,565,348
Boston Properties, Inc. (L) 76,784 7,282,962
Equity Residential (L) 158,274 8,928,236
HCP, Inc. 199,743 7,578,249
Health Care REIT, Inc. (L) 94,824 4,972,571
Host Hotels & Resorts, Inc. (L) 366,334 6,451,142
Kimco Realty Corp. (L) 218,811 4,012,994
Plum Creek Timber Company, Inc. (L) 87,137 3,800,045
ProLogis 307,114 4,907,682
Public Storage 75,243 8,345,201
Simon Property Group, Inc. 159,882 17,132,955
Ventas, Inc. (L) 87,713 4,762,816
Vornado Realty Trust 88,003 7,700,263
Weyerhaeuser Company 289,216 7,114,714
 
    100,175,121
Real Estate Management & Development - 0.06%    
CB Richard Ellis Group, Inc., Class A (I) 156,788 4,186,240
Thrifts & Mortgage Finance - 0.08%    
Hudson City Bancorp, Inc. (L) 283,571 2,744,967

 

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thrifts & Mortgage Finance (continued)    
People’s United Financial, Inc. (L) 194,895 $ 2,451,779
 
    5,196,746
 
    1,024,056,992
Health Care - 10.94%    
Biotechnology - 1.26%    
Amgen, Inc. (I) 502,017 26,832,809
Biogen Idec, Inc. (I) 129,703 9,518,903
Celgene Corp. (I) 250,293 14,399,356
Cephalon, Inc. (I)(L) 40,771 3,089,626
Genzyme Corp. (I) 140,620 10,708,213
Gilead Sciences, Inc. (I) 428,156 18,170,941
 
    82,719,848
Health Care Equipment & Supplies - 1.86%    
Baxter International, Inc. 311,953 16,773,713
Becton, Dickinson & Company 119,045 9,478,363
Boston Scientific Corp. (I)(L) 820,156 5,896,922
C.R. Bard, Inc. 45,786 4,547,008
CareFusion Corp. (I) 120,102 3,386,876
Covidien PLC 265,879 13,809,755
DENTSPLY International, Inc. 76,530 2,830,845
Edwards Lifesciences Corp. (I) 60,915 5,299,605
Intuitive Surgical, Inc. (I)(L) 20,925 6,977,651
Medtronic, Inc. 575,734 22,655,133
St. Jude Medical, Inc. 175,255 8,983,571
Stryker Corp. (L) 181,150 11,013,920
Varian Medical Systems, Inc. (I)(L) 64,632 4,371,708
Zimmer Holdings, Inc. (I) 103,437 6,261,042
 
    122,286,112
Health Care Providers & Services - 2.04%    
Aetna, Inc. 207,009 7,748,347
AmerisourceBergen Corp. 147,568 5,837,790
Cardinal Health, Inc. 188,300 7,744,779
CIGNA Corp. 146,028 6,466,120
Coventry Health Care, Inc. (I) 80,636 2,571,482
DaVita, Inc. (I) 51,685 4,419,584
Express Scripts, Inc. (I) 284,418 15,816,485
Humana, Inc. (I) 90,742 6,346,495
Laboratory Corp. of America Holdings (I) 53,838 4,960,095
McKesson Corp. 136,889 10,821,075
Medco Health Solutions, Inc. (I) 217,753 12,229,008
Patterson Companies, Inc. (L) 51,551 1,659,427
Quest Diagnostics, Inc. 83,872 4,841,092
Tenet Healthcare Corp. (I) 261,626 1,949,114
UnitedHealth Group, Inc. 588,826 26,614,935
WellPoint, Inc. 202,169 14,109,375
 
    134,135,203
Health Care Technology - 0.07%    
Cerner Corp. (I)(L) 38,606 4,292,987
Life Sciences Tools & Services - 0.47%    
Agilent Technologies, Inc. (I) 185,807 8,320,437
Life Technologies Corp. (I) 96,908 5,079,917
PerkinElmer, Inc. 61,042 1,603,573
Thermo Fisher Scientific, Inc. (I) 210,295 11,681,887
Waters Corp. (I) 49,168 4,272,699
 
    30,958,513
Pharmaceuticals - 5.24%    
Abbott Laboratories 833,191 40,868,019
Allergan, Inc. 164,571 11,687,832
Bristol-Myers Squibb Company 916,558 24,224,628
Eli Lilly & Company 548,476 19,289,901

 

3

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Forest Laboratories, Inc. (I) 154,027 $ 4,975,072
Hospira, Inc. (I) 89,719 4,952,489
Johnson & Johnson 1,472,591 87,251,017
Merck & Company, Inc. 1,659,875 54,792,474
Mylan, Inc. (I) 235,303 5,334,319
Pfizer, Inc. 4,304,484 87,424,070
Watson Pharmaceuticals, Inc. (I) 67,743 3,794,285
 
    344,594,106
    718,986,769
Industrials - 11.14%    
Aerospace & Defense - 2.77%    
General Dynamics Corp. 200,658 15,362,376
Goodrich Corp. 67,624 5,783,881
Honeywell International, Inc. 422,158 25,207,054
Huntington Ingalls Industries, Inc. (I) 26,140 1,084,796
ITT Corp. 98,901 5,939,005
L-3 Communications Holdings, Inc. 60,937 4,771,976
Lockheed Martin Corp. (L) 154,452 12,417,941
Northrop Grumman Corp. 156,838 9,835,311
Precision Castparts Corp. 77,231 11,366,859
Raytheon Company 193,653 9,851,128
Rockwell Collins, Inc. 83,495 5,412,981
Textron, Inc. (L) 148,609 4,070,401
The Boeing Company 396,408 29,306,443
United Technologies Corp. 495,558 41,948,985
 
    182,359,137
Air Freight & Logistics - 1.03%    
C.H. Robinson Worldwide, Inc. (L) 89,403 6,627,444
Expeditors International of Washington, Inc. 114,245 5,728,244
FedEx Corp. 169,602 15,866,267
United Parcel Service, Inc., Class B 531,448 39,497,215
 
    67,719,170
Airlines - 0.08%    
Southwest Airlines Company 402,471 5,083,209
Building Products - 0.04%    
Masco Corp. (L) 192,805 2,683,846
Commercial Services & Supplies - 0.48%    
Avery Dennison Corp. 57,540 2,414,378
Cintas Corp. 68,057 2,060,085
Iron Mountain, Inc. 107,782 3,366,032
Pitney Bowes, Inc. (L) 109,716 2,818,604
R.R. Donnelley & Sons Company (L) 111,191 2,103,734
Republic Services, Inc. 165,413 4,969,007
Stericycle, Inc. (I)(L) 45,976 4,076,692
Waste Management, Inc. (L) 255,997 9,558,928
 
    31,367,460
Construction & Engineering - 0.20%    
Fluor Corp. 95,052 7,001,530
Jacobs Engineering Group, Inc. (I) 68,042 3,499,400
Quanta Services, Inc. (I)(L) 116,025 2,602,441
 
    13,103,371
Electrical Equipment - 0.54%    
Emerson Electric Company 406,003 23,722,755
Rockwell Automation, Inc. 76,637 7,253,692
Roper Industries, Inc. (L) 51,328 4,437,819
 
    35,414,266
Industrial Conglomerates - 2.46%    
3M Company 383,224 35,831,444
General Electric Company 5,716,807 114,621,980

 

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Industrial Conglomerates (continued)    
Tyco International, Ltd. 255,060 $ 11,419,036
 
    161,872,460
Machinery - 2.43%    
Caterpillar, Inc. 343,931 38,296,717
Cummins, Inc. 106,517 11,676,394
Danaher Corp. 291,011 15,103,471
Deere & Company 226,681 21,963,122
Dover Corp. 100,433 6,602,465
Eaton Corp. 183,265 10,160,212
Flowserve Corp. 30,003 3,864,386
Illinois Tool Works, Inc. 268,340 14,415,225
Ingersoll-Rand PLC 177,439 8,572,078
Joy Global, Inc. 56,415 5,574,366
PACCAR, Inc. 196,688 10,296,617
Pall Corp. 62,169 3,581,556
Parker Hannifin Corp. 87,154 8,251,741
Snap-On, Inc. (L) 31,380 1,884,683
 
    160,243,033
Professional Services - 0.11%    
Dun & Bradstreet Corp. 26,763 2,147,463
Equifax, Inc. 66,081 2,567,247
Robert Half International, Inc. (L) 78,766 2,410,240
 
    7,124,950
Road & Rail - 0.86%    
CSX Corp. 199,403 15,673,076
Norfolk Southern Corp. 191,723 13,280,652
Ryder Systems, Inc. 27,580 1,395,548
Union Pacific Corp. 264,346 25,993,142
 
    56,342,418
Trading Companies & Distributors - 0.14%    
Fastenal Company (L) 79,375 5,145,881
WW Grainger, Inc. 31,406 4,323,978
 
    9,469,859
 
    732,783,179
Information Technology - 17.88%    
Communications Equipment - 2.05%    
Cisco Systems, Inc. 2,976,176 51,041,418
F5 Networks, Inc. (I) 43,473 4,459,026
Harris Corp. 68,877 3,416,299
JDS Uniphase Corp. (I) 120,721 2,515,826
Juniper Networks, Inc. (I) 287,993 12,118,745
Motorola Mobility Holdings, Inc. (I)(L) 158,421 3,865,472
Motorola Solutions, Inc. (I) 181,280 8,101,403
QUALCOMM, Inc. 884,964 48,522,576
Tellabs, Inc. (L) 195,244 1,023,079
 
    135,063,844
Computers & Peripherals - 4.33%    
Apple, Inc. (I) 496,000 172,831,200
Dell, Inc. (I) 904,136 13,119,013
EMC Corp. (I) 1,113,694 29,568,576
Hewlett-Packard Company 1,170,737 47,965,095
Lexmark International, Inc., Class A (I) 42,322 1,567,607
NetApp, Inc. (I) 198,056 9,542,338
SanDisk Corp. (I)(L) 127,435 5,873,479
Western Digital Corp. (I) 124,725 4,650,995
 
    285,118,303
Electronic Equipment, Instruments & Components - 0.45%  
Amphenol Corp., Class A 94,720 5,151,821
Corning, Inc. 842,948 17,390,017

 

4

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
FLIR Systems, Inc. 85,904 $ 2,973,137
Jabil Circuit, Inc. 105,563 2,156,652
Molex, Inc. (L) 74,372 1,868,225
 
    29,539,852
Internet Software & Services - 1.80%    
Akamai Technologies, Inc. (I) 100,758 3,828,804
eBay, Inc. (I) 615,138 19,093,884
Google, Inc., Class A (I) 135,019 79,149,488
Monster Worldwide, Inc. (I)(L) 70,098 1,114,558
VeriSign, Inc. 93,384 3,381,435
Yahoo!, Inc. (I) 704,966 11,737,684
 
    118,305,853
IT Services - 3.07%    
Automatic Data Processing, Inc. 267,265 13,713,367
Cognizant Technology    
Solutions Corp., Class A (I) 163,783 13,331,936
Computer Sciences Corp. 83,498 4,068,858
Fidelity National Information Services, Inc. 143,338 4,685,719
Fiserv, Inc. (I) 78,645 4,932,614
International Business Machines Corp. 656,577 107,068,011
MasterCard, Inc., Class A 52,030 13,096,992
Paychex, Inc. (L) 173,307 5,434,908
SAIC, Inc. (I)(L) 158,142 2,675,763
Teradata Corp. (I) 90,555 4,591,139
The Western Union Company 348,214 7,232,405
Total Systems Services, Inc. (L) 87,470 1,576,209
Visa, Inc., Class A (L) 260,915 19,208,562
 
    201,616,483
Office Electronics - 0.12%    
Xerox Corp. 753,435 8,024,083
Semiconductors & Semiconductor Equipment - 2.45%  
Advanced Micro Devices, Inc. (I)(L) 309,891 2,665,063
Altera Corp. 172,261 7,582,929
Analog Devices, Inc. 161,306 6,352,230
Applied Materials, Inc. 710,345 11,095,589
Broadcom Corp., Class A 256,036 10,082,698
First Solar, Inc. (I)(L) 29,134 4,685,913
Intel Corp. 2,954,644 59,595,169
KLA-Tencor Corp. (L) 90,029 4,264,674
Linear Technology Corp. 122,135 4,107,400
LSI Corp. (I) 331,661 2,255,295
MEMC Electronic Materials, Inc. (I) 123,993 1,606,949
Microchip Technology, Inc. (L) 101,443 3,855,848
Micron Technology, Inc. (I) 461,752 5,291,678
National Semiconductor Corp. 129,756 1,860,701
Novellus Systems, Inc. (I) 48,553 1,802,773
NVIDIA Corp. (I) 312,800 5,774,288
Teradyne, Inc. (I)(L) 99,789 1,777,242
Texas Instruments, Inc. 631,012 21,807,775
Xilinx, Inc. (L) 140,550 4,610,040
 
    161,074,254
Software - 3.61%    
Adobe Systems, Inc. (I) 272,482 9,035,503
Autodesk, Inc. (I) 123,234 5,435,852
BMC Software, Inc. (I) 96,167 4,783,347
CA, Inc. 205,954 4,979,968
Citrix Systems, Inc. (I) 101,011 7,420,268
Compuware Corp. (I) 117,780 1,360,359
Electronic Arts, Inc. (I)(L) 179,992 3,515,244
Intuit, Inc. (I) 146,613 7,785,150
Microsoft Corp. 3,980,853 100,954,432

 

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Novell, Inc. (I) 189,282 $ 1,122,442
Oracle Corp. 2,094,502 69,893,532
Red Hat, Inc. (I) 103,887 4,715,431
Salesforce.com, Inc. (I) 63,669 8,504,905
Symantec Corp. (I) 410,923 7,618,512
 
    237,124,945
 
    1,175,867,617
Materials - 3.65%    
Chemicals - 2.12%    
Air Products & Chemicals, Inc. 115,709 10,434,638
Airgas, Inc. 40,345 2,679,715
CF Industries Holdings, Inc. 38,385 5,250,684
E.I. du Pont de Nemours & Company 496,191 27,275,619
Eastman Chemical Company 38,089 3,782,999
Ecolab, Inc. 125,263 6,390,918
FMC Corp. 38,487 3,268,701
International Flavors & Fragrances, Inc. 43,208 2,691,858
Monsanto Company 288,950 20,879,527
PPG Industries, Inc. 86,458 8,231,666
Praxair, Inc. 163,296 16,590,874
Sigma-Aldrich Corp. (L) 65,649 4,177,902
The Dow Chemical Company 628,788 23,736,747
The Sherwin-Williams Company 47,922 4,024,969
 
    139,416,817
Construction Materials - 0.05%    
Vulcan Materials Company (L) 69,481 3,168,334
Containers & Packaging - 0.15%    
Ball Corp. 91,093 3,265,684
Bemis Company, Inc. 57,629 1,890,807
Owens-Illinois, Inc. (I) 88,141 2,660,977
Sealed Air Corp. 85,768 2,286,575
 
    10,104,043
Metals & Mining - 1.18%    
AK Steel Holding Corp. (L) 59,359 936,685
Alcoa, Inc. 572,134 10,098,165
Allegheny Technologies, Inc. (L) 53,141 3,598,709
Cliffs Natural Resources, Inc. 72,931 7,167,659
Freeport-McMoRan Copper & Gold, Inc. 509,577 28,307,002
Newmont Mining Corp. 265,567 14,494,647
Nucor Corp. 170,076 7,826,898
Titanium Metals Corp. (I)(L) 48,502 901,167
United States Steel Corp. (L) 77,397 4,174,794
 
    77,505,726
Paper & Forest Products - 0.15%    
International Paper Company 236,748 7,145,055
MeadWestvaco Corp. 90,646 2,749,293
 
    9,894,348
 
    240,089,268
Telecommunication Services - 3.01%    
Diversified Telecommunication Services - 2.69%    
AT&T, Inc. 3,182,610 97,387,866
CenturyLink, Inc. (L) 164,531 6,836,263
Frontier Communications Corp. (L) 535,029 4,397,938
Qwest Communications International, Inc. 938,250 6,408,248
Verizon Communications, Inc. 1,522,585 58,680,426
Windstream Corp. (L) 271,506 3,494,282
 
    177,205,023
Wireless Telecommunication Services - 0.32%    
American Tower Corp., Class A (I) 214,069 11,093,056

 

5

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Wireless Telecommunication Services (continued)    
MetroPCS Communications, Inc. (I)(L) 142,060 $ 2,307,054
Sprint Nextel Corp. (I) 1,609,946 7,470,149
 
    20,870,259
    198,075,282
Utilities - 3.15%    
Electric Utilities - 1.67%    
American Electric Power Company, Inc. 258,857 9,096,235
Duke Energy Corp. 715,588 12,987,922
Edison International 175,410 6,418,252
Entergy Corp. 96,391 6,478,439
Exelon Corp. 356,337 14,695,338
FirstEnergy Corp. 225,156 8,351,036
Nextera Energy, Inc. 226,633 12,492,011
Northeast Utilities 95,026 3,287,900
Pepco Holdings, Inc. 121,182 2,260,044
Pinnacle West Capital Corp. 58,566 2,506,039
PPL Corp. 260,790 6,597,987
Progress Energy, Inc. 158,038 7,291,873
Southern Company 455,264 17,350,111
 
    109,813,187
Gas Utilities - 0.08%    
Nicor, Inc. 24,525 1,316,993
ONEOK, Inc. 57,619 3,853,559
 
    5,170,552
Independent Power Producers & Energy Traders - 0.16%  
Constellation Energy Group, Inc. 107,594 3,349,401
NRG Energy, Inc. (I) 133,268 2,870,593
The AES Corp. (I) 356,481 4,634,253
 
    10,854,247
Multi-Utilities - 1.24%    
Ameren Corp. 129,504 3,635,177
CenterPoint Energy, Inc. 228,730 4,016,499
CMS Energy Corp. (L) 135,743 2,665,993
Consolidated Edison, Inc. (L) 157,190 7,972,677
Dominion Resources, Inc. 312,721 13,978,632
DTE Energy Company 91,225 4,466,376
Integrys Energy Group, Inc. 41,994 2,121,117
NiSource, Inc. (L) 150,366 2,884,020
PG&E Corp. 213,338 9,425,273
Public Service Enterprise Group, Inc. 272,446 8,584,773
SCANA Corp. (L) 61,273 2,412,318
Sempra Energy 129,484 6,927,394
TECO Energy, Inc. 115,695 2,170,438
Wisconsin Energy Corp. 125,848 3,838,364
Xcel Energy, Inc. 259,871 6,208,318
 
    81,307,369
    207,145,355
TOTAL COMMON STOCKS (Cost $4,884,962,307) $ 6,501,077,894
 
WARRANTS - 0.00%    
Financials - 0.00%    
American International Group, Inc. (Expiration    
Date 01/19/2021; Strike Price $45.00) (I) 1 11
TOTAL WARRANTS (Cost $17) $ 11

 

500 Index Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
SECURITIES LENDING COLLATERAL - 4.46%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   29,290,341 $ 293,105,511
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $293,112,676)     $ 293,105,511
 
SHORT-TERM INVESTMENTS - 1.08%    
U.S. Government Agency* - 1.02%      
Federal Home Loan Bank Discount Notes      
0.080%, 04/13/2011 $ 17,000,000 $ 16,999,547
0.105%, 06/01/2011   10,000,000 9,998,221
Federal National Mortgage Association      
0.060%, 05/24/2011   40,000,000 39,996,467
 
      66,994,235
Repurchase Agreement - 0.06%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be      
repurchased at $3,980,001 on 04/01/2011,    
collateralized by $4,060,000 U.S. Treasury    
Notes, 4.375% due 11/15/2039 (valued      
at $4,060,658)   3,980,000 3,980,000
TOTAL SHORT-TERM INVESTMENTS (Cost $70,974,235) $ 70,974,235
Total Investments (500 Index Trust)      
(Cost $5,249,049,235) - 104.40%     $ 6,865,157,651
Other assets and liabilities, net - (4.40%)     (289,136,335)
 
TOTAL NET ASSETS - 100.00%     $ 6,576,021,316
 
 
 
500 Index Trust B      
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 97.02%      
Consumer Discretionary - 10.13%      
Auto Components - 0.25%      
Johnson Controls, Inc.   50,682 $ 2,106,851
The Goodyear Tire & Rubber Company (I)(L) 18,163 272,082
 
      2,378,933
Automobiles - 0.53%      
Ford Motor Company (I)   283,039 4,220,111
Harley-Davidson, Inc. (L)   17,608 748,164
 
      4,968,275
Distributors - 0.07%      
Genuine Parts Company   11,779 631,826
Diversified Consumer Services - 0.11%      
Apollo Group, Inc., Class A (I)   9,211 384,191
DeVry, Inc.   4,611 253,928
H&R Block, Inc. (L)   22,841 382,358
 
      1,020,477
Hotels, Restaurants & Leisure - 1.57%      
Carnival Corp.   32,292 1,238,721
Darden Restaurants, Inc.   10,352 508,594
International Game Technology (L)   22,292 361,799
Marriott International, Inc., Class A (L)   21,749 773,829
McDonald’s Corp.   78,064 5,939,890
Starbucks Corp.   55,819 2,062,512
Starwood Hotels &      
Resorts Worldwide, Inc. (L)   14,379 835,707
Wyndham Worldwide Corp.   12,964 412,385
Wynn Resorts, Ltd.   5,688 723,798

 

6

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Yum! Brands, Inc. 34,995 $ 1,798,043
    14,655,278
Household Durables - 0.40%    
D.R. Horton, Inc. (L) 20,945 244,009
Fortune Brands, Inc. 11,480 710,497
Harman International Industries, Inc. 5,200 243,464
Leggett & Platt, Inc. (L) 10,936 267,932
Lennar Corp., Class A (L) 12,024 217,875
Newell Rubbermaid, Inc. 21,744 415,963
Pulte Group, Inc. (I) 25,182 186,347
Stanley Black & Decker, Inc. 12,511 958,343
Whirlpool Corp. (L) 5,682 485,016
 
    3,729,446
Internet & Catalog Retail - 0.84%    
Amazon.com, Inc. (I) 26,659 4,802,086
Expedia, Inc. (L) 14,970 339,220
Netflix, Inc. (I) 3,285 779,629
priceline.com, Inc. (I) 3,678 1,862,686
 
    7,783,621
Leisure Equipment & Products - 0.12%    
Hasbro, Inc. 10,254 480,297
Mattel, Inc. 26,090 650,424
 
    1,130,721
Media - 3.20%    
Cablevision Systems Corp., Class A (L) 17,401 602,249
CBS Corp., Class B 50,312 1,259,812
Comcast Corp., Class A 207,750 5,135,580
DIRECTV, Class A (I) 59,374 2,778,703
Discovery    
Communications, Inc., Series A (I)(L) 21,068 840,613
Gannett Company, Inc. (L) 17,935 273,150
News Corp., Class A 170,879 3,000,635
Omnicom Group, Inc. 21,253 1,042,672
Scripps Networks Interactive, Inc., Class A 6,778 339,510
The Interpublic Group of Companies, Inc. 36,547 459,396
The McGraw-Hill Companies, Inc. 22,928 903,363
The Walt Disney Company 142,097 6,122,960
The Washington Post Company, Class B 397 173,711
Time Warner Cable, Inc. 25,694 1,833,010
Time Warner, Inc. 81,771 2,919,225
Viacom, Inc., Class B 44,668 2,077,955
 
    29,762,544
Multiline Retail - 0.73%    
Big Lots, Inc. (I) 5,650 245,380
Family Dollar Stores, Inc. 9,457 485,333
J.C. Penney Company, Inc. 17,711 636,002
Kohl’s Corp. 21,878 1,160,409
Macy’s, Inc. 31,673 768,387
Nordstrom, Inc. 12,571 564,186
Sears Holdings Corp. (I)(L) 3,259 269,356
Target Corp. 52,982 2,649,630
 
    6,778,683
Specialty Retail - 1.82%    
Abercrombie & Fitch Company, Class A 6,528 383,194
AutoNation, Inc. (I)(L) 4,797 169,670
AutoZone, Inc. (I) 1,999 546,846
Bed Bath & Beyond, Inc. (I) 19,060 920,026
Best Buy Company, Inc. 24,481 703,094
CarMax, Inc. (I)(L) 16,877 541,752
GameStop Corp., Class A (I)(L) 11,305 254,589
Home Depot, Inc. 122,624 4,544,445

 

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Limited Brands, Inc. 19,790 $ 650,695
Lowe’s Companies, Inc. 103,258 2,729,109
O’Reilly Automotive, Inc. (I) 10,560 606,778
RadioShack Corp. (L) 7,915 118,804
Ross Stores, Inc. 8,910 633,679
Staples, Inc. 53,834 1,045,456
The Gap, Inc. 32,638 739,577
Tiffany & Company 9,458 581,100
TJX Companies, Inc. 29,616 1,472,804
Urban Outfitters, Inc. (I) 9,574 285,592
 
    16,927,210
Textiles, Apparel & Luxury Goods - 0.49%    
Coach, Inc. 22,135 1,151,905
NIKE, Inc., Class B 28,642 2,168,199
Polo Ralph Lauren Corp. 4,894 605,143
VF Corp. (L) 6,480 638,474
 
    4,563,721
 
    94,330,735
Consumer Staples - 9.91%    
Beverages - 2.33%    
Brown Forman Corp., Class B (L) 7,713 526,798
Coca-Cola Enterprises, Inc. 24,705 674,447
Constellation Brands, Inc., Class A (I) 13,165 266,986
Dr. Pepper Snapple Group, Inc. 16,759 622,764
Molson Coors Brewing Company 11,884 557,241
PepsiCo, Inc. 118,709 7,646,047
The Coca-Cola Company 171,671 11,390,371
 
    21,684,654
Food & Staples Retailing - 2.17%    
Costco Wholesale Corp. 32,663 2,394,851
CVS Caremark Corp. 102,373 3,513,441
Safeway, Inc. 27,550 648,527
SUPERVALU, Inc. (L) 15,862 141,648
Sysco Corp. 43,601 1,207,748
The Kroger Company 47,584 1,140,588
Wal-Mart Stores, Inc. 146,588 7,629,905
Walgreen Company 69,019 2,770,423
Whole Foods Market, Inc. (L) 11,039 727,470
 
    20,174,601
Food Products - 1.64%    
Archer-Daniels-Midland Company 47,715 1,718,217
Campbell Soup Company (L) 13,658 452,216
ConAgra Foods, Inc. (L) 32,603 774,321
Dean Foods Company (I)(L) 13,620 136,200
General Mills, Inc. 47,574 1,738,830
H.J. Heinz Company 24,080 1,175,586
Hormel Foods Corp. (L) 10,356 288,311
Kellogg Company (L) 18,849 1,017,469
Kraft Foods, Inc., Class A 130,862 4,103,832
McCormick & Company, Inc., Class B 9,929 474,904
Mead Johnson Nutrition Company 15,308 886,792
Sara Lee Corp. 46,574 822,963
The Hershey Company 11,547 627,579
The J.M. Smucker Company 8,908 635,942
Tyson Foods, Inc., Class A 22,287 427,688
 
    15,280,850
Household Products - 2.00%    
Clorox Company (L) 10,296 721,441
Colgate-Palmolive Company 36,954 2,984,405
Kimberly-Clark Corp. 30,257 1,974,874

 

7

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Household Products (continued)    
The Procter & Gamble Company 209,567 $ 12,909,327
    18,590,047
Personal Products - 0.18%    
Avon Products, Inc. 32,158 869,552
The Estee Lauder    
Companies, Inc., Class A (L) 8,568 825,612
 
    1,695,164
Tobacco - 1.59%    
Altria Group, Inc. 156,532 4,074,528
Lorillard, Inc. 10,890 1,034,659
Philip Morris International, Inc. 134,469 8,825,200
Reynolds American, Inc. 25,282 898,269
 
    14,832,656
    92,257,972
Energy - 12.86%    
Energy Equipment & Services - 2.42%    
Baker Hughes, Inc. 32,493 2,385,961
Cameron International Corp. (I) 18,314 1,045,729
Diamond Offshore Drilling, Inc. (L) 5,197 403,807
FMC Technologies, Inc. (I)(L) 8,990 849,375
Halliburton Company 68,341 3,406,115
Helmerich & Payne, Inc. 7,956 546,498
Nabors Industries, Ltd. (I) 21,411 650,466
National Oilwell Varco, Inc. 31,506 2,497,481
Noble Corp. 18,877 861,169
Rowan Companies, Inc. (I) 9,452 417,589
Schlumberger, Ltd. 101,835 9,497,132
 
    22,561,322
Oil, Gas & Consumable Fuels - 10.44%    
Anadarko Petroleum Corp. 37,132 3,041,853
Apache Corp. 28,639 3,749,418
Cabot Oil & Gas Corp. (L) 7,787 412,477
Chesapeake Energy Corp. 49,207 1,649,419
Chevron Corp. 150,206 16,136,631
ConocoPhillips 106,973 8,542,864
CONSOL Energy, Inc. 16,928 907,849
Denbury Resources, Inc. (I) 30,006 732,146
Devon Energy Corp. 31,950 2,932,052
El Paso Corp. 52,733 949,194
EOG Resources, Inc. 19,028 2,255,008
EQT Corp. 11,151 556,435
Exxon Mobil Corp. 371,024 31,214,249
Hess Corp. 22,487 1,916,117
Marathon Oil Corp. 53,146 2,833,213
Massey Energy Company (L) 7,741 529,175
Murphy Oil Corp. 14,430 1,059,451
Newfield Exploration Company (I) 10,052 764,053
Noble Energy, Inc. 13,150 1,270,948
Occidental Petroleum Corp. 60,821 6,355,186
Peabody Energy Corp. 20,244 1,456,758
Pioneer Natural Resources Company (L) 8,713 888,029
QEP Resources, Inc. 13,192 534,804
Range Resources Corp. (L) 12,008 701,988
Southwestern Energy Company (I) 26,020 1,118,079
Spectra Energy Corp. 48,533 1,319,127
Sunoco, Inc. 9,014 410,948
Tesoro Corp. (I)(L) 10,713 287,430
The Williams Companies, Inc. 43,863 1,367,648
Valero Energy Corp. 42,573 1,269,527
 
    97,162,076
    119,723,398

 

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Financials - 15.28%    
Capital Markets - 2.33%    
Ameriprise Financial, Inc. 18,445 $ 1,126,621
E*TRADE Financial Corp. (I) 16,555 258,755
Federated Investors, Inc., Class B (L) 6,929 185,351
Franklin Resources, Inc. 10,849 1,356,993
Invesco, Ltd. 34,448 880,491
Janus Capital Group, Inc. 13,924 173,632
Legg Mason, Inc. 11,391 411,101
Morgan Stanley 115,650 3,159,558
Northern Trust Corp. 18,102 918,677
State Street Corp. 37,576 1,688,665
T. Rowe Price Group, Inc. 19,379 1,287,153
The Bank of New York Mellon Corp. 92,919 2,775,491
The Charles Schwab Corp. 74,731 1,347,400
The Goldman Sachs Group, Inc. 38,946 6,171,773
 
    21,741,661
Commercial Banks - 2.80%    
BB&T Corp. 51,973 1,426,659
Comerica, Inc. (L) 13,226 485,659
Fifth Third Bancorp 68,671 953,153
First Horizon National Corp. (L) 19,706 220,904
Huntington Bancshares, Inc. 64,599 428,937
KeyCorp 65,808 584,375
M&T Bank Corp. (L) 8,996 795,876
Marshall & Ilsley Corp. 39,666 316,931
PNC Financial Services Group, Inc. 39,321 2,476,830
Regions Financial Corp. 94,111 683,246
SunTrust Banks, Inc. 37,449 1,080,029
U.S. Bancorp 143,808 3,800,845
Wells Fargo & Company 394,180 12,495,506
Zions Bancorporation (L) 13,694 315,784
 
    26,064,734
Consumer Finance - 0.74%    
American Express Company 78,273 3,537,940
Capital One Financial Corp. 34,221 1,778,123
Discover Financial Services 40,797 984,024
SLM Corp. (I) 39,425 603,203
 
    6,903,290
Diversified Financial Services - 4.05%    
Bank of America Corp. 757,308 10,094,916
Citigroup, Inc. (I) 2,174,096 9,609,504
CME Group, Inc. 5,014 1,511,972
IntercontinentalExchange, Inc. (I) 5,491 678,358
JPMorgan Chase & Company 298,063 13,740,704
Leucadia National Corp. (L) 14,808 555,892
Moody’s Corp. (L) 14,933 506,378
NYSE Euronext 19,544 687,362
The NASDAQ OMX Group, Inc. (I) 11,205 289,537
 
    37,674,623
Insurance - 3.73%    
ACE, Ltd. 25,107 1,624,423
Aflac, Inc. 35,202 1,857,962
American International Group, Inc. (I)(L) 10,748 377,685
AON Corp. 24,923 1,319,922
Assurant, Inc. 7,478 287,978
Berkshire Hathaway, Inc., Class B (I) 129,516 10,831,423
Chubb Corp. 22,089 1,354,277
Cincinnati Financial Corp. (L) 12,197 400,062
Genworth Financial, Inc., Class A (I)(L) 36,584 492,421
Hartford Financial Services Group, Inc. 33,277 896,150
Lincoln National Corp. 23,629 709,815
Loews Corp. 23,526 1,013,735

 

8

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Marsh & McLennan Companies, Inc. 40,711 $ 1,213,595
MetLife, Inc. 78,951 3,531,478
Principal Financial Group, Inc. (L) 24,005 770,801
Prudential Financial, Inc. 36,365 2,239,357
The Allstate Corp. 39,640 1,259,759
The Progressive Corp. 49,387 1,043,547
The Travelers Companies, Inc. 32,253 1,918,408
Torchmark Corp. 5,831 387,645
Unum Group 23,172 608,265
XL Group PLC 23,271 572,467
 
    34,711,175
Real Estate Investment Trusts - 1.49%    
Apartment Investment & Management    
Company, Class A 8,839 225,129
AvalonBay Communities, Inc. (L) 6,441 773,435
Boston Properties, Inc. 10,671 1,012,144
Equity Residential (L) 21,997 1,240,851
HCP, Inc. 27,761 1,053,252
Health Care REIT, Inc. (L) 13,179 691,107
Host Hotels & Resorts, Inc. (L) 50,913 896,578
Kimco Realty Corp. (L) 30,411 557,738
Plum Creek Timber Company, Inc. (L) 12,096 527,507
ProLogis 42,683 682,074
Public Storage 10,457 1,159,786
Simon Property Group, Inc. 22,220 2,381,095
Ventas, Inc. 12,190 661,917
Vornado Realty Trust 12,231 1,070,213
Weyerhaeuser Company 40,195 988,797
 
    13,921,623
Real Estate Management & Development - 0.06%    
CB Richard Ellis Group, Inc., Class A (I) 21,790 581,793
Thrifts & Mortgage Finance - 0.08%    
Hudson City Bancorp, Inc. 39,378 381,179
People’s United Financial, Inc. (L) 27,086 340,742
 
    721,921
    142,320,820
Health Care - 10.73%    
Biotechnology - 1.24%    
Amgen, Inc. (I) 69,770 3,729,207
Biogen Idec, Inc. (I) 18,026 1,322,928
Celgene Corp. (I) 34,786 2,001,239
Cephalon, Inc. (I)(L) 5,666 429,369
Genzyme Corp. (I) 19,543 1,488,199
Gilead Sciences, Inc. (I) 59,505 2,525,392
 
    11,496,334
Health Care Equipment & Supplies - 1.83%    
Baxter International, Inc. 43,355 2,331,198
Becton, Dickinson & Company 16,545 1,317,313
Boston Scientific Corp. (I) 113,985 819,552
C.R. Bard, Inc. 6,363 631,910
CareFusion Corp. (I) 16,692 470,714
Covidien PLC 36,952 1,919,287
DENTSPLY International, Inc. 10,613 392,575
Edwards Lifesciences Corp. (I) 8,461 736,107
Intuitive Surgical, Inc. (I) 2,908 969,702
Medtronic, Inc. 80,016 3,148,630
St. Jude Medical, Inc. 24,357 1,248,540
Stryker Corp. (L) 25,176 1,530,701
Varian Medical Systems, Inc. (I)(L) 8,983 607,610
Zimmer Holdings, Inc. (I) 14,376 870,179
 
    16,994,018

 

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services - 2.00%    
Aetna, Inc. 28,770 $ 1,076,861
AmerisourceBergen Corp. 20,509 811,336
Cardinal Health, Inc. 26,170 1,076,372
CIGNA Corp. 20,295 898,663
Coventry Health Care, Inc. (I) 11,207 357,391
DaVita, Inc. (I) 7,183 614,218
Express Scripts, Inc. (I) 39,528 2,198,152
Humana, Inc. (I) 12,611 882,013
Laboratory Corp. of America Holdings (I) 7,482 689,317
McKesson Corp. 19,025 1,503,926
Medco Health Solutions, Inc. (I) 30,263 1,699,570
Patterson Companies, Inc. (L) 7,165 230,641
Quest Diagnostics, Inc. 11,657 672,842
Tenet Healthcare Corp. (I) 36,294 270,390
UnitedHealth Group, Inc. 81,835 3,698,942
WellPoint, Inc. 28,098 1,960,959
 
    18,641,593
Health Care Technology - 0.06%    
Cerner Corp. (I)(L) 5,365 596,588
Life Sciences Tools & Services - 0.46%    
Agilent Technologies, Inc. (I) 25,823 1,156,354
Life Technologies Corp. (I) 13,468 705,993
PerkinElmer, Inc. 8,484 222,875
Thermo Fisher Scientific, Inc. (I) 29,227 1,623,560
Waters Corp. (I) 6,821 592,745
 
    4,301,527
Pharmaceuticals - 5.14%    
Abbott Laboratories 115,797 5,679,843
Allergan, Inc. 22,872 1,624,369
Bristol-Myers Squibb Company 127,383 3,366,733
Eli Lilly & Company 76,227 2,680,904
Forest Laboratories, Inc. (I) 21,407 691,446
Hospira, Inc. (I) 12,478 688,786
Johnson & Johnson 204,661 12,126,164
Merck & Company, Inc. 230,690 7,615,077
Mylan, Inc. (I) 32,702 741,354
Pfizer, Inc. 598,211 12,149,665
Watson Pharmaceuticals, Inc. (I) 9,415 527,334
 
    47,891,675
 
    99,921,735
Industrials - 10.93%    
Aerospace & Defense - 2.72%    
General Dynamics Corp. 27,887 2,135,029
Goodrich Corp. 9,398 803,811
Honeywell International, Inc. 58,671 3,503,245
Huntington Ingalls Industries, Inc. (I) 3,635 150,832
ITT Corp. 13,745 825,387
L-3 Communications Holdings, Inc. 8,469 663,207
Lockheed Martin Corp. 21,466 1,725,866
Northrop Grumman Corp. 21,807 1,367,517
Precision Castparts Corp. 10,734 1,579,830
Raytheon Company 26,914 1,369,115
Rockwell Collins, Inc. 11,604 752,287
Textron, Inc. (L) 20,653 565,686
The Boeing Company 55,093 4,073,025
United Technologies Corp. 68,873 5,830,099
 
    25,344,936
Air Freight & Logistics - 1.01%    
C.H. Robinson Worldwide, Inc. (L) 12,425 921,065
Expeditors International of Washington, Inc. 15,862 795,321
FedEx Corp. 23,571 2,205,067

 

9

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Air Freight & Logistics (continued)    
United Parcel Service, Inc., Class B 73,857 $ 5,489,052
    9,410,505
Airlines - 0.08%    
Southwest Airlines Company 55,935 706,459
Building Products - 0.04%    
Masco Corp. 26,806 373,140
Commercial Services & Supplies - 0.47%    
Avery Dennison Corp. 7,997 335,554
Cintas Corp. 9,440 285,749
Iron Mountain, Inc. 14,946 466,764
Pitney Bowes, Inc. 15,248 391,721
R.R. Donnelley & Sons Company (L) 15,426 291,860
Republic Services, Inc. 22,957 689,628
Stericycle, Inc. (I)(L) 6,390 566,601
Waste Management, Inc. (L) 35,578 1,328,483
 
    4,356,360
Construction & Engineering - 0.19%    
Fluor Corp. 13,210 973,049
Jacobs Engineering Group, Inc. (I) 9,457 486,374
Quanta Services, Inc. (I)(L) 16,095 361,011
 
    1,820,434
Electrical Equipment - 0.53%    
Emerson Electric Company 56,426 3,296,971
Rockwell Automation, Inc. 10,651 1,008,117
Roper Industries, Inc. (L) 7,133 616,719
 
    4,921,807
Industrial Conglomerates - 2.41%    
3M Company 53,260 4,979,810
General Electric Company 794,521 15,930,146
Tyco International, Ltd. 35,448 1,587,007
 
    22,496,963
Machinery - 2.39%    
Caterpillar, Inc. 47,799 5,322,419
Cummins, Inc. 14,804 1,622,814
Danaher Corp. 40,445 2,099,096
Deere & Company 31,504 3,052,423
Dover Corp. 13,956 917,467
Eaton Corp. 25,470 1,412,057
Flowserve Corp. 4,170 537,096
Illinois Tool Works, Inc. 37,294 2,003,434
Ingersoll-Rand PLC (L) 24,660 1,191,325
Joy Global, Inc. 7,841 774,769
PACCAR, Inc. 27,336 1,431,040
Pall Corp. 8,640 497,750
Parker Hannifin Corp. 12,113 1,146,859
Snap-On, Inc. (L) 4,361 261,922
 
    22,270,471
Professional Services - 0.11%    
Dun & Bradstreet Corp. 3,720 298,493
Equifax, Inc. 9,184 356,798
Robert Half International, Inc. (L) 10,947 334,978
 
    990,269
Road & Rail - 0.84%    
CSX Corp. 27,713 2,178,242
Norfolk Southern Corp. 26,646 1,845,768
Ryder Systems, Inc. 3,833 193,950
Union Pacific Corp. 36,739 3,612,546
 
    7,830,506

 

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Trading Companies & Distributors - 0.14%    
Fastenal Company (L) 11,022 $ 714,556
WW Grainger, Inc. (L) 4,365 600,973
 
    1,315,529
 
    101,837,379
Information Technology - 17.55%    
Communications Equipment - 2.02%    
Cisco Systems, Inc. 413,629 7,093,737
F5 Networks, Inc. (I) 6,038 619,318
Harris Corp. (L) 9,580 475,168
JDS Uniphase Corp. (I) 16,778 349,654
Juniper Networks, Inc. (I) 40,025 1,684,252
Motorola Mobility Holdings, Inc. (I) 22,017 537,215
Motorola Solutions, Inc. (I) 25,194 1,125,920
QUALCOMM, Inc. 122,992 6,743,651
Tellabs, Inc. (L) 27,135 142,187
 
    18,771,102
Computers & Peripherals - 4.25%    
Apple, Inc. (I) 68,934 24,020,052
Dell, Inc. (I) 125,657 1,823,283
EMC Corp. (I) 154,781 4,109,436
Hewlett-Packard Company 162,709 6,666,188
Lexmark International, Inc., Class A (I) 5,871 217,462
NetApp, Inc. (I) 27,526 1,326,203
SanDisk Corp. (I)(L) 17,711 816,300
Western Digital Corp. (I) 17,334 646,385
 
    39,625,309
Electronic Equipment, Instruments & Components - 0.44%  
Amphenol Corp., Class A 13,164 715,990
Corning, Inc. 117,153 2,416,866
FLIR Systems, Inc. 11,935 413,070
Jabil Circuit, Inc. 14,632 298,932
Molex, Inc. (L) 10,336 259,640
 
    4,104,498
Internet Software & Services - 1.77%    
Akamai Technologies, Inc. (I) 14,003 532,114
eBay, Inc. (I) 85,492 2,653,672
Google, Inc., Class A (I) 18,765 11,000,231
Monster Worldwide, Inc. (I)(L) 9,708 154,357
VeriSign, Inc. 12,978 469,933
Yahoo!, Inc. (I) 97,976 1,631,300
 
    16,441,607
IT Services - 3.01%    
Automatic Data Processing, Inc. 37,145 1,905,910
Cognizant Technology    
Solutions Corp., Class A (I) 22,763 1,852,908
Computer Sciences Corp. 11,605 565,512
Fidelity National Information Services, Inc. 19,921 651,217
Fiserv, Inc. (I) 10,930 685,530
International Business Machines Corp. 91,251 14,880,301
MasterCard, Inc., Class A 7,233 1,820,691
Paychex, Inc. 24,086 755,337
SAIC, Inc. (I)(L) 21,956 371,496
Teradata Corp. (I) 12,585 638,060
The Western Union Company 48,395 1,005,164
Total Systems Services, Inc. (L) 12,191 219,682
Visa, Inc., Class A 36,262 2,669,608
 
    28,021,416
Office Electronics - 0.12%    
Xerox Corp. 104,713 1,115,193

 

10

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment - 2.40%  
Advanced Micro Devices, Inc. (I)(L) 43,068 $ 370,385
Altera Corp. 23,941 1,053,883
Analog Devices, Inc. 22,419 882,860
Applied Materials, Inc. 98,724 1,542,069
Broadcom Corp., Class A 35,584 1,401,298
First Solar, Inc. (I)(L) 4,049 651,241
Intel Corp. 410,637 8,282,548
KLA-Tencor Corp. (L) 12,512 592,693
Linear Technology Corp. 16,974 570,836
LSI Corp. (I) 46,046 313,113
MEMC Electronic Materials, Inc. (I) 17,233 223,340
Microchip Technology, Inc. (L) 14,099 535,903
Micron Technology, Inc. (I) 64,174 735,434
National Semiconductor Corp. 18,043 258,737
Novellus Systems, Inc. (I) 6,736 250,108
NVIDIA Corp. (I) 43,473 802,512
Teradyne, Inc. (I)(L) 13,868 246,989
Texas Instruments, Inc. 87,690 3,030,566
Xilinx, Inc. (L) 19,534 640,715
 
    22,385,230
Software - 3.54%    
Adobe Systems, Inc. (I) 37,869 1,255,736
Autodesk, Inc. (I) 17,127 755,472
BMC Software, Inc. (I) 13,365 664,775
CA, Inc. 28,657 692,926
Citrix Systems, Inc. (I) 14,024 1,030,203
Compuware Corp. (I) 16,358 188,935
Electronic Arts, Inc. (I)(L) 25,015 488,543
Intuit, Inc. (I) 20,376 1,081,966
Microsoft Corp. 553,259 14,030,648
Novell, Inc. (I) 26,257 155,704
Oracle Corp. 291,094 9,713,807
Red Hat, Inc. (I) 14,438 655,341
Salesforce.com, Inc. (I) 8,849 1,182,049
Symantec Corp. (I) 57,110 1,058,819
 
    32,954,924
    163,419,279
Materials - 3.58%    
Chemicals - 2.08%    
Air Products & Chemicals, Inc. 16,081 1,450,185
Airgas, Inc. 5,607 372,417
CF Industries Holdings, Inc. 5,335 729,775
E.I. du Pont de Nemours & Company 68,961 3,790,786
Eastman Chemical Company 5,294 525,800
Ecolab, Inc. 17,409 888,207
FMC Corp. 5,349 454,291
International Flavors & Fragrances, Inc. 6,005 374,112
Monsanto Company 40,158 2,901,817
PPG Industries, Inc. 12,016 1,144,043
Praxair, Inc. 22,695 2,305,812
Sigma-Aldrich Corp. (L) 9,124 580,651
The Dow Chemical Company 87,389 3,298,935
The Sherwin-Williams Company 6,660 559,373
 
    19,376,204
Construction Materials - 0.05%    
Vulcan Materials Company (L) 9,657 440,359
Containers & Packaging - 0.15%    
Ball Corp. 12,660 453,861
Bemis Company, Inc. 8,009 262,775
Owens-Illinois, Inc. (I) 12,235 369,375

 

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Containers & Packaging (continued)    
Sealed Air Corp. 11,935 $ 318,187
 
    1,404,198
Metals & Mining - 1.15%    
AK Steel Holding Corp. (L) 8,250 130,185
Alcoa, Inc. 79,515 1,403,440
Allegheny Technologies, Inc. (L) 7,370 499,096
Cliffs Natural Resources, Inc. 10,126 995,183
Freeport-McMoRan Copper & Gold, Inc. 70,821 3,934,107
Newmont Mining Corp. 36,908 2,014,439
Nucor Corp. 23,637 1,087,775
Titanium Metals Corp. (I)(L) 6,736 125,155
United States Steel Corp. (L) 10,757 580,233
 
    10,769,613
Paper & Forest Products - 0.15%    
International Paper Company 32,903 993,013
MeadWestvaco Corp. 12,566 381,127
 
    1,374,140
 
    33,364,514
Telecommunication Services - 2.96%    
Diversified Telecommunication Services - 2.65%    
AT&T, Inc. 442,319 13,534,961
CenturyLink, Inc. (L) 22,867 950,124
Frontier Communications Corp. (L) 74,358 611,223
Qwest Communications International, Inc. 130,395 890,598
Verizon Communications, Inc. 211,609 8,155,411
Windstream Corp. (L) 37,733 485,624
 
    24,627,941
Wireless Telecommunication Services - 0.31%    
American Tower Corp., Class A (I) 29,751 1,541,697
MetroPCS Communications, Inc. (I)(L) 19,746 320,675
Sprint Nextel Corp. (I) 223,749 1,038,195
 
    2,900,567
 
    27,528,508
Utilities - 3.09%    
Electric Utilities - 1.64%    
American Electric Power Company, Inc. 35,976 1,264,197
Duke Energy Corp. 99,453 1,805,072
Edison International 24,359 891,296
Entergy Corp. 13,396 900,345
Exelon Corp. 49,524 2,042,370
FirstEnergy Corp. 31,292 1,160,620
Nextera Energy, Inc. 31,497 1,736,115
Northeast Utilities 13,206 456,928
Pepco Holdings, Inc. 16,842 314,103
Pinnacle West Capital Corp. 8,124 347,626
PPL Corp. 36,245 916,999
Progress Energy, Inc. 21,964 1,013,419
Southern Company 63,273 2,411,334
 
    15,260,424
Gas Utilities - 0.08%    
Nicor, Inc. 3,403 182,741
ONEOK, Inc. 8,008 535,575
 
    718,316
Independent Power Producers & Energy Traders - 0.16%  
Constellation Energy Group, Inc. 14,922 464,522
NRG Energy, Inc. (I) 18,521 398,942
The AES Corp. (I) 49,543 644,059
 
    1,507,523

 

11

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust B (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Multi-Utilities - 1.21%      
Ameren Corp.   17,999 $ 505,232
CenterPoint Energy, Inc.   31,788 558,197
CMS Energy Corp. (L)   18,865 370,509
Consolidated Edison, Inc. (L)   21,846 1,108,029
Dominion Resources, Inc. (L)   43,462 1,942,751
DTE Energy Company (L)   12,678 620,715
Integrys Energy Group, Inc.   5,836 294,776
NiSource, Inc. (L)   20,898 400,824
PG&E Corp.   29,650 1,309,937
Public Service Enterprise Group, Inc.   37,864 1,193,094
SCANA Corp. (L)   8,516 335,275
Sempra Energy   17,996 962,786
TECO Energy, Inc.   16,053 301,154
Wisconsin Energy Corp.   17,480 533,140
Xcel Energy, Inc.   36,117 862,835
 
      11,299,254
      28,785,517
TOTAL COMMON STOCKS (Cost $798,800,767)   $ 903,489,857
 
WARRANTS - 0.00%      
Financials - 0.00%      
American International Group, Inc. (Expiration    
Date 01/19/2021; Strike Price $45.00) (I) 1 11
TOTAL WARRANTS (Cost $17)     $ 11
 
SECURITIES LENDING COLLATERAL - 4.90%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   4,559,727 45,628,731
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $45,629,687)     $ 45,628,731
 
SHORT-TERM INVESTMENTS - 2.68%    
U.S. Government Agency* - 2.47%      
Federal Home Loan Bank Discount Notes      
0.080%, 04/13/2011 $ 11,000,000 $ 10,999,707
0.105%, 06/01/2011   2,000,000 1,999,644
Federal National Mortgage Association,      
0.060%, 05/24/2011   10,000,000 9,999,117
 
      22,998,468
Repurchase Agreement - 0.21%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be      
repurchased at $1,916,001 on 04/01/2011,    
collateralized by $1,955,000 U.S. Treasury    
Bills, 4.375 due 11/15/2039 (valued      
at $1,955,317)   1,916,000 1,916,000
TOTAL SHORT-TERM INVESTMENTS (Cost $24,914,468) $ 24,914,468
Total Investments (500 Index Trust B)      
(Cost $869,344,939) - 104.60%     $ 974,033,067
Other assets and liabilities, net - (4.60%)     (42,800,278)
TOTAL NET ASSETS - 100.00%     $ 931,232,789

 

Active Bond Trust      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 19.04%      
U.S. Government - 3.61%      
U.S. Treasury Bonds      
4.250%, 11/15/2040 $ 14,360,000 $ 13,720,535
U.S. Treasury Notes      
0.750%, 12/15/2013   1,120,000 1,107,749
2.125%, 02/29/2016   6,610,000 6,579,012
2.750%, 02/28/2018   10,000,000 9,909,380
3.625%, 02/15/2021 (L)   16,910,000 17,126,651
 
      48,443,327
U.S. Government Agency - 15.43%      
Federal Home Loan Mortgage Corp.      
4.000%, 09/01/2040   7,705,687 7,564,603
4.500%, 09/01/2023   2,261,381 2,371,092
5.000%, 07/01/2035   1,450,819 1,518,947
6.500%, 06/01/2037 to 09/01/2039   7,029,123 7,856,928
Federal National Mortgage Association      
2.621%, 07/01/2033 (P)   94,296 98,883
2.731%, 08/01/2034 (P)   2,180,026 2,282,971
4.000%, 06/01/2024 to 10/01/2040   35,183,147 35,480,454
4.500%, 03/01/2026   2,200,165 2,305,446
5.000%, 05/01/2018 to 04/04/2041   36,961,108 37,139,162
5.500%, 02/01/2018 to 01/01/2037   49,557,283 53,184,903
6.000%, 05/01/2035 to 07/01/2038   26,728,230 29,219,096
6.500%, 02/01/2036 to 06/01/2039   16,753,401 18,758,559
7.000%, 12/01/2012 to 06/01/2032   1,148,313 1,265,727
7.500%, 09/01/2029 to 08/01/2031   152,696 173,240
Government National      
Mortgage Association      
5.000%, 04/15/2035   2,837,176 3,021,940
5.500%, 03/15/2035   2,619,650 2,846,624
6.000%, 03/15/2033 to 06/15/2033   1,151,938 1,272,693
6.500%, 09/15/2028 to 08/15/2031   254,091 286,477
7.000%, 04/15/2029   89,362 101,732
8.000%, 10/15/2026 to 05/15/2029   111,264 127,370
 
      206,876,847
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $250,656,178)   $ 255,320,174
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 0.79%      
Argentina - 0.27%      
Republic of Argentina      
1.180%, 12/31/2038 (P) ARS 8,797,621 1,410,397
5.830%, 12/31/2033 (P)   3,617,497 1,454,672
12/15/2035 (B)(I)   19,532,033 794,259
 
      3,659,328
Germany - 0.10%      
Federal Republic of Germany      
6.250%, 01/04/2030 EUR 725,000 1,354,123
Japan - 0.06%      
Government of Japan      
1.500%, 09/20/2014 JPY 68,650,000 857,891
Mexico - 0.13%      
Government of Mexico      
8.000%, 12/19/2013 to 12/07/2023 MXN 20,193,300 1,744,289
Panama - 0.05%      
Republic of Panama      
8.875%, 09/30/2027 $ 344,000 464,400
9.375%, 04/01/2029   130,000 183,300
 
      647,700

 

12

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Peru - 0.01%      
Republic of Peru      
9.875%, 02/06/2015 $ 111,000 $ 138,750
United Kingdom - 0.17%      
Government of United Kingdom      
4.750%, 03/07/2020 GBP 1,040,000 1,814,182
6.000%, 12/07/2028   85,000 166,801
8.000%, 12/07/2015   125,000 249,563
 
      2,230,546
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $8,689,415)   $ 10,632,627
 
CORPORATE BONDS - 48.93%      
Consumer Discretionary - 5.01%      
Allison Transmission, Inc.      
11.000%, 11/01/2015 (S)   825,000 895,125
AMC Entertainment, Inc.      
8.000%, 03/01/2014   1,295,000 1,309,569
8.750%, 06/01/2019   470,000 509,950
American Standard Americas      
10.750%, 01/15/2016 (S)   220,000 234,850
Ameristar Casinos, Inc.      
7.500%, 04/15/2021 (S)   675,000 675,000
Burlington Coat Factory      
Warehouse Corp.      
10.000%, 02/15/2019 (S)   1,530,000 1,484,100
Cablevision Systems Corp.      
8.625%, 09/15/2017   270,000 300,375
CBS Corp.      
5.900%, 10/15/2040   620,000 579,862
7.875%, 07/30/2030   980,000 1,137,643
CCH II LLC/CCH II Capital Corp.      
13.500%, 11/30/2016   1,017,732 1,218,734
CCO Holdings LLC/CCO Holdings      
Capital Corp.      
8.125%, 04/30/2020   390,000 424,125
Cinemark USA, Inc.      
8.625%, 06/15/2019   530,000 579,025
Clear Channel Worldwide Holdings, Inc.      
9.250%, 12/15/2017   1,335,000 1,458,488
Comcast Corp.      
6.950%, 08/15/2037   1,000,000 1,087,863
CSC Holdings, Inc.      
7.875%, 02/15/2018   1,050,000 1,165,500
Darden Restaurants, Inc.      
6.800%, 10/15/2037   1,665,000 1,814,890
Delphi Corp.      
6.197%, 11/15/2033 (H)   118,000 0
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
6.350%, 03/15/2040   680,000 679,609
Empire Today LLC/Empire Today      
Finance Corp.      
11.375%, 02/01/2017 (S)   435,000 461,100
Exide Technologies      
8.625%, 02/01/2018 (S)   735,000 784,613
Expedia, Inc.      
5.950%, 08/15/2020   1,405,000 1,417,294
Greektown Superholdings, Inc.      
13.000%, 07/01/2015   1,728,000 1,961,280
Grupo Televisa SA      
6.625%, 01/15/2040   810,000 857,878
Hillman Group, Inc.      
10.875%, 06/01/2018   640,000 710,400

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Hillman Group, Inc. (continued)      
10.875%, 06/01/2018 (S) $ 145,000 $ 160,950
HRP Myrtle Beach Operations LLC      
- 04/01/2012 (H)(S)   705,000 0
Hyundai Capital Services, Inc.      
4.375%, 07/27/2016 (S)   815,000 818,214
6.000%, 05/05/2015 (S)   1,160,000 1,243,849
Hyva Global BV      
8.625%, 03/24/2016 (S)   735,000 753,696
Jacobs Entertainment, Inc.      
9.750%, 06/15/2014   1,720,000 1,737,200
Kabel BW Erste      
Beteiligungs GmbH/Kabel Baden-      
Wurttemberg G      
7.500%, 03/15/2019 (S)   805,000 825,125
Levi Strauss & Company      
7.625%, 05/15/2020   1,370,000 1,373,425
Little Traverse Bay Bands of Odawa      
Indians      
9.000%, 08/31/2020 (S)   684,000 615,600
Ltd. Brands, Inc.      
6.625%, 04/01/2021   855,000 874,238
MGM Resorts International      
9.000%, 03/15/2020   335,000 367,244
Mohegan Tribal Gaming Authority      
7.125%, 08/15/2014   960,000 724,800
MTR Gaming Group, Inc.      
12.625%, 07/15/2014   505,000 537,825
News America Holdings, Inc.      
6.750%, 01/09/2038   108,000 113,225
7.750%, 12/01/2045   491,000 580,194
News America, Inc.      
6.150%, 02/15/2041 (S)   720,000 713,984
6.650%, 11/15/2037   1,950,000 2,045,150
Palace Entertainment      
Holdings LLC/Palace Entertainment      
Holdings Corp.      
8.875%, 04/15/2017 (S)   615,000 628,838
Pokagon Gaming Authority      
10.375%, 06/15/2014 (S)   1,165,000 1,205,775
Regal Cinemas Corp.      
8.625%, 07/15/2019   325,000 348,969
Regal Entertainment Group      
9.125%, 08/15/2018   275,000 294,250
Reynolds Group Issuer, Inc./Reynolds      
Group Issuer LLC      
6.875%, 02/15/2021 (S)   330,000 332,475
Sears Holdings Corp.      
6.625%, 10/15/2018 (S)   485,000 470,450
Seminole Indian Tribe of Florida      
6.535%, 10/01/2020 (S)   1,525,000 1,498,587
7.750%, 10/01/2017 (S)   390,000 412,425
Simmons Foods, Inc.      
10.500%, 11/01/2017 (S)   655,000 705,763
Target Corp.      
6.500%, 10/15/2037   1,800,000 2,023,636
Time Warner Cable, Inc.      
6.550%, 05/01/2037   1,930,000 1,962,908
6.750%, 07/01/2018   3,035,000 3,444,619
Time Warner Companies, Inc.      
7.570%, 02/01/2024   1,716,000 2,044,803
Time Warner Entertainment Company LP      
8.375%, 07/15/2033   1,520,000 1,858,130
Time Warner, Inc.      
7.625%, 04/15/2031   451,000 519,920

 

13

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Toys R Us Property Company LLC      
8.500%, 12/01/2017 $ 445,000 $ 478,375
Turning Stone Resort Casino Enterprises      
9.125%, 09/15/2014 (S)   1,265,000 1,302,950
United Business Media, Ltd.      
5.750%, 11/03/2020 (S)   750,000 728,484
Viacom, Inc.      
6.875%, 04/30/2036   3,305,000 3,616,255
Videotron Ltee      
7.125%, 01/15/2020 (S)   1,170,000 1,266,207
Volvo Treasury AB      
5.950%, 04/01/2015 (S)   1,430,000 1,570,543
Waterford Gaming LLC      
8.625%, 09/15/2014 (S)   819,236 382,993
XM Satellite Radio, Inc.      
13.000%, 08/01/2013 (S)   1,375,000 1,632,813
Yum! Brands, Inc.      
6.250%, 03/15/2018   715,000 801,240
6.875%, 11/15/2037   2,130,000 2,372,965
 
      67,136,365
Consumer Staples - 2.20%      
Alliance One International, Inc.      
10.000%, 07/15/2016   1,535,000 1,556,106
Anheuser-Busch Companies, Inc.      
5.750%, 04/01/2036   1,000,000 1,029,596
6.500%, 02/01/2043   540,000 595,392
Anheuser-Busch InBev Worldwide, Inc.      
9.750%, 11/17/2015 BRL 1,275,000 798,510
ARAMARK Corp.      
8.500%, 02/01/2015 $ 1,100,000 1,146,750
Archer-Daniels-Midland Company      
5.765%, 03/01/2041   650,000 663,125
B&G Foods, Inc.      
7.625%, 01/15/2018   580,000 624,950
Blue Merger Sub, Inc.      
7.625%, 02/15/2019 (S)   620,000 628,525
Bunge Ltd. Finance Corp.      
4.100%, 03/15/2016   530,000 530,377
5.350%, 04/15/2014   1,240,000 1,313,181
8.500%, 06/15/2019   955,000 1,132,648
Corp. Pesquera Inca SAC      
9.000%, 02/10/2017 (S)   885,000 942,525
CVS Caremark Corp. (6.302% to      
06/01/2012, then 3 month      
LIBOR + 2.065%)      
06/01/2037   2,350,000 2,308,875
CVS Pass-Through Trust      
8.353%, 07/10/2031 (S)   1,291,866 1,543,663
JBS Finance II, Ltd.      
8.250%, 01/29/2018 (S)   1,025,000 1,053,188
Kraft Foods, Inc.      
6.125%, 02/01/2018   1,105,000 1,233,258
Kroger Company      
7.000%, 05/01/2018   2,105,000 2,435,213
Lorillard Tobacco Company      
6.875%, 05/01/2020   765,000 826,257
Philip Morris International, Inc.      
5.650%, 05/16/2018   1,175,000 1,305,790
Revlon Consumer Products Corp.      
9.750%, 11/15/2015   990,000 1,071,675
SABMiller PLC      
6.500%, 07/15/2018 (S)   1,715,000 1,980,789
Safeway, Inc.      
6.350%, 08/15/2017   820,000 915,505

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Tesco PLC      
6.150%, 11/15/2037 (S) $ 2,400,000 $ 2,625,785
Yankee Candle Company, Inc.      
8.500%, 02/15/2015   1,230,000 1,276,125
 
      29,537,808
Energy - 5.34%      
Anadarko Finance Company      
7.500%, 05/01/2031   1,502,000 1,658,199
Anadarko Petroleum Corp.      
6.375%, 09/15/2017   1,240,000 1,363,075
6.450%, 09/15/2036   1,400,000 1,398,193
BP Capital Markets PLC      
4.750%, 03/10/2019   2,000,000 2,078,364
Bumi Investment Pte, Ltd.      
10.750%, 10/06/2017 (S)   510,000 575,688
Chesapeake Energy Corp.      
6.125%, 02/15/2021   635,000 655,638
CNOOC Finance 2003, Ltd.      
5.500%, 05/21/2033 (S)   545,000 545,377
DCP Midstream LLC      
9.750%, 03/15/2019 (S)   1,155,000 1,487,291
Devon Financing Corp. ULC      
7.875%, 09/30/2031   1,874,000 2,405,984
Drummond Company, Inc.      
7.375%, 02/15/2016   1,185,000 1,220,550
Duke Capital LLC      
6.750%, 02/15/2032   589,000 630,250
El Paso Pipeline Partners Operating      
Company LLC      
6.500%, 04/01/2020   740,000 812,833
Enbridge Energy Partners LP      
7.500%, 04/15/2038   2,400,000 2,851,565
Energy Transfer Partners LP      
6.625%, 10/15/2036   1,000,000 1,044,883
7.500%, 07/01/2038   1,500,000 1,734,929
9.700%, 03/15/2019   895,000 1,166,788
Enersis SA      
7.375%, 01/15/2014   633,000 704,092
Enterprise Products Operating LLC      
(7.034% to 01/15/2018, then higher of      
7.034% or 3 month LIBOR + 2.680%)      
01/15/2068   1,370,000 1,421,375
Enterprise Products Operating LLC      
6.650%, 04/15/2018   1,500,000 1,705,818
6.875%, 03/01/2033   471,000 515,965
Enterprise Products Operating LLC      
(7.000% to 06/01/2017, then 3 month      
LIBOR + 2.778%)      
06/01/2067   1,895,000 1,880,788
EV Energy Partners LP/EV Energy      
Finance Corp.      
8.000%, 04/15/2019 (S)   1,035,000 1,053,113
Gibson Energy ULC/GEP Midstream      
Finance Corp.      
10.000%, 01/15/2018   680,000 710,600
GS Caltex Corp.      
5.500%, 08/25/2014 (S)   471,000 499,415
Kerr-McGee Corp.      
6.950%, 07/01/2024   885,000 977,184
Kinder Morgan Energy Partners LP      
5.800%, 03/15/2035   402,000 383,985
6.950%, 01/15/2038   1,960,000 2,112,866
7.300%, 08/15/2033   603,000 673,176
7.750%, 03/15/2032   620,000 721,340

 

14

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy (continued)      
Linn Energy LLC/Linn Energy      
Finance Corp.      
8.625%, 04/15/2020 (S) $ 540,000 $ 599,400
Marathon Oil Corp.      
6.800%, 03/15/2032   1,785,000 1,978,931
Marathon Petroleum Corp.      
6.500%, 03/01/2041 (S)   730,000 737,565
MarkWest Energy Partners LP/MarkWest      
Energy Finance Corp.      
6.500%, 08/15/2021   1,285,000 1,283,394
McMoRan Exploration Company      
11.875%, 11/15/2014   930,000 1,023,000
Motiva Enterprises LLC      
6.850%, 01/15/2040 (S)   740,000 845,745
Nexen, Inc.      
5.875%, 03/10/2035   598,000 567,193
6.400%, 05/15/2037   2,375,000 2,370,606
NuStar Logistics LP      
4.800%, 09/01/2020   585,000 574,559
7.650%, 04/15/2018   1,335,000 1,556,060
ONEOK Partners LP      
6.650%, 10/01/2036   1,435,000 1,522,135
Petro-Canada      
6.050%, 05/15/2018   1,445,000 1,624,796
Plains All American Pipeline LP / PAA      
Finance Corp.      
8.750%, 05/01/2019   1,500,000 1,874,303
Precision Drilling Corp.      
6.625%, 11/15/2020 (S)   775,000 798,250
Ras Laffan Liquefied Natural Gas      
Company, Ltd. III      
5.838%, 09/30/2027 (S)   1,175,000 1,178,255
Regency Energy Partners LP/Regency      
Energy Finance Corp.      
9.375%, 06/01/2016   790,000 898,625
Spectra Energy Capital LLC      
6.200%, 04/15/2018   940,000 1,044,188
Talisman Energy, Inc.      
6.250%, 02/01/2038   2,025,000 2,126,979
Thermon Industries, Inc.      
9.500%, 05/01/2017   320,000 345,600
TransCanada Pipelines, Ltd. (6.350% to      
05/15/2017, then 3 month      
LIBOR + 2.210%)      
05/15/2067   1,285,000 1,288,752
Transocean, Inc.      
6.800%, 03/15/2038   4,450,000 4,674,592
Trinidad Drilling, Ltd.      
7.875%, 01/15/2019 (S)   680,000 717,400
Weatherford International, Ltd.      
6.500%, 08/01/2036   2,400,000 2,399,714
7.000%, 03/15/2038   2,000,000 2,118,354
Williams Partners LP      
7.250%, 02/01/2017   2,070,000 2,420,871
 
      71,558,591
Financials - 22.72%      
Aflac, Inc.      
6.900%, 12/17/2039   640,000 671,421
8.500%, 05/15/2019   1,075,000 1,297,958
Allied World Assurance Company      
Holdings, Ltd.      
7.500%, 08/01/2016   2,005,000 2,232,969
AMB Property LP      
6.125%, 12/01/2016   1,000,000 1,092,979

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
American Express Bank FSB      
6.000%, 09/13/2017 $ 1,585,000 $ 1,753,906
American Express Company      
7.000%, 03/19/2018   4,040,000 4,713,775
American International Group, Inc.      
5.450%, 05/18/2017   2,000,000 2,050,002
American International Group, Inc.      
(8.175% to 05/15/2038, then 3 month      
LIBOR + 4.195%)      
05/15/2058   1,300,000 1,399,125
AON Corp.      
8.205%, 01/01/2027   900,000 999,380
Arch Capital Group, Ltd.      
7.350%, 05/01/2034   3,000,000 3,114,186
Aries Vermogensverwaltung GmbH      
9.600%, 10/25/2014   750,000 943,125
Assurant, Inc.      
5.625%, 02/15/2014   461,000 487,220
6.750%, 02/15/2034   1,955,000 1,915,220
Assured Guaranty Municipal      
Holdings, Inc. (6.400% to 12/15/2036,      
then 1 month LIBOR + 2.215%)      
12/15/2066 (S)   1,845,000 1,208,475
Astoria Depositor Corp., Series B      
8.144%, 05/01/2021 (S)   2,245,000 2,200,100
AXA SA (6.379% to 12/14/2036, then      
3 month LIBOR + 2.256%)      
12/14/2036 (Q)(S)   925,000 818,625
AXA SA (6.463% to 12/14/2018, then      
3 month LIBOR + 1.449%)      
12/14/2018 (Q)(S)   2,840,000 2,477,900
Banco de Credito del Peru      
4.750%, 03/16/2016 (S)   455,000 448,175
Banco Santander Chile      
5.375%, 12/09/2014 (S)   295,000 305,237
Bank of America Corp.      
5.650%, 05/01/2018   1,950,000 2,034,458
5.750%, 12/01/2017   1,203,000 1,265,625
6.500%, 08/01/2016   815,000 900,542
7.625%, 06/01/2019   2,065,000 2,388,709
Bank of America NA      
5.300%, 03/15/2017   390,000 399,977
6.000%, 10/15/2036   1,015,000 986,591
Barclays Bank PLC      
5.140%, 10/14/2020   760,000 718,354
6.050%, 12/04/2017 (S)   775,000 806,270
BB&T Corp.      
3.200%, 03/15/2016   500,000 495,683
BBVA Bancomer SA      
6.500%, 03/10/2021 (S)   1,250,000 1,233,778
Beaver Valley Funding      
9.000%, 06/01/2017   1,950,000 2,164,559
BioMed Realty LP      
6.125%, 04/15/2020   425,000 448,590
Blackstone Holdings Finance      
Company LLC      
5.875%, 03/15/2021 (S)   1,000,000 978,271
BNP Paribas      
5.000%, 01/15/2021   1,110,000 1,118,657
Bosphorus Financial Services, Ltd.      
2.113%, 02/15/2012 (P)(S)   533,750 527,738
Boston Properties LP      
6.250%, 01/15/2013   191,000 206,135

 

15

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
BPCE SA (12.500% to 09/30/2019, then      
3 month LIBOR + 12.980%)      
09/30/2019 (Q)(S) $ 1,108,000 $ 1,243,032
Brandywine Operating Partnership LP      
7.500%, 05/15/2015   945,000 1,066,134
BRE Properties, Inc.      
5.500%, 03/15/2017   1,506,000 1,611,167
BTA Bank JSC      
7.200%, 07/01/2025 (S)   83,414 56,304
07/01/2020 (P)(S)   760,544 64,646
BTA Bank JSC (10.750% to 01/01/2013,      
then 12.500%)      
07/01/2018 (S)   368,126 391,134
Camden Property Trust      
5.000%, 06/15/2015   804,000 858,516
Capital One Bank USA NA      
8.800%, 07/15/2019   1,520,000 1,908,834
Capital One Financial Corp.      
6.150%, 09/01/2016   1,680,000 1,837,023
6.750%, 09/15/2017   1,930,000 2,217,033
Capmark Financial Group, Inc.      
5.875%, 05/10/2012 (H)   4,340,000 2,014,515
Catlin Insurance Company, Ltd. (7.249%      
to 01/19/2017, then 3 month      
LIBOR + 2.975%)      
01/19/2017 (Q)(S)   2,500,000 2,356,250
Chubb Corp. (6.375% until 04/15/2017,      
then 3 month LIBOR + 2.250%)      
03/29/2067   825,000 868,313
Chuo Mitsui Trust & Banking      
Company, Ltd. (5.506% to 04/15/2015,      
then 3 month LIBOR + 2.490%)      
04/15/2015 (S)   2,405,000 2,392,975
Citigroup, Inc.      
5.000%, 09/15/2014   3,500,000 3,651,253
5.850%, 12/11/2034   945,000 926,640
6.125%, 11/21/2017 to 05/15/2018   7,323,000 7,970,169
6.375%, 08/12/2014   2,050,000 2,264,079
CNA Financial Corp.      
6.500%, 08/15/2016   3,930,000 4,282,714
7.250%, 11/15/2023   1,400,000 1,526,360
CNO Financial Group, Inc.      
9.000%, 01/15/2018 (S)   975,000 1,033,500
Commonwealth Bank of Australia      
5.000%, 03/19/2020 (S)   1,375,000 1,408,880
CommonWealth REIT      
6.650%, 01/15/2018   1,235,000 1,346,469
Country Garden Holdings Company      
11.125%, 02/23/2018 (S)   645,000 654,675
Credit Suisse AG (3 month      
LIBOR + 0.690% to 05/15/2017, then      
3 month LIBOR + 1.690%)      
05/15/2017   1,495,000 1,195,297
Credit Suisse New York      
4.375%, 08/05/2020   1,495,000 1,458,051
5.300%, 08/13/2019   1,110,000 1,165,227
Crown Castle Towers LLC      
4.883%, 08/15/2020 (S)   2,130,000 2,128,877
6.113%, 01/15/2020 (S)   1,070,000 1,158,447
Developers Diversified Realty Corp.      
7.500%, 04/01/2017   1,285,000 1,447,953
Dexus Property Group      
7.125%, 10/15/2014 (S)   1,435,000 1,608,080
Discover Bank      
7.000%, 04/15/2020   725,000 796,568

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Discover Financial Services      
10.250%, 07/15/2019 $ 1,570,000 $ 2,017,362
Dresdner Bank AG      
7.250%, 09/15/2015   879,000 941,305
Duke Realty LP      
5.950%, 02/15/2017   2,050,000 2,208,916
6.250%, 05/15/2013   750,000 811,334
6.750%, 03/15/2020   1,330,000 1,480,480
8.250%, 08/15/2019   730,000 875,575
Endurance Specialty Holdings, Ltd.      
7.000%, 07/15/2034   2,600,000 2,560,639
ERAC USA Finance LLC      
6.375%, 10/15/2017 (S)   1,025,000 1,147,532
ERP Operating LP      
5.750%, 06/15/2017   2,730,000 3,002,222
First Tennessee Bank NA      
5.050%, 01/15/2015   1,065,000 1,089,605
General Electric Capital Corp.      
0.793%, 08/15/2036 (P)   1,820,000 1,420,545
5.300%, 02/11/2021   575,000 583,120
5.625%, 05/01/2018   1,435,000 1,548,758
5.900%, 05/13/2014   2,000,000 2,205,566
6.000%, 08/07/2019   980,000 1,068,517
Genworth Financial, Inc.      
6.515%, 05/22/2018   1,400,000 1,382,797
Glen Meadow Pass-Through Trust      
(6.505% to 02/15/2017, then 3 month      
LIBOR +2.125%)      
02/12/2067 (S)   1,405,000 1,239,913
Goodman Funding Pty, Ltd.      
6.375%, 04/15/2021 (S)   635,000 632,894
GTP Towers Issuer LLC      
8.112%, 02/15/2015 (S)   2,290,000 2,367,099
Harley-Davidson Funding Corp.      
5.750%, 12/15/2014 (S)   660,000 706,445
6.800%, 06/15/2018 (S)   770,000 844,534
Hartford Financial Services Group, Inc.      
4.625%, 07/15/2013   417,000 434,697
6.300%, 03/15/2018   1,210,000 1,296,694
6.625%, 03/30/2040   590,000 598,013
HCP, Inc.      
5.375%, 02/01/2021   1,845,000 1,860,413
6.300%, 09/15/2016   2,480,000 2,728,585
6.450%, 06/25/2012   648,000 684,451
Health Care REIT, Inc.      
4.950%, 01/15/2021   1,040,000 999,267
6.000%, 11/15/2013   755,000 821,747
6.200%, 06/01/2016   2,855,000 3,120,649
Healthcare Realty Trust, Inc.      
6.500%, 01/17/2017   1,485,000 1,634,736
Hospitality Properties Trust      
6.750%, 02/15/2013   2,128,000 2,263,671
HSBC Finance Corp.      
6.676%, 01/15/2021 (S)   1,119,000 1,159,841
HSBC Holdings PLC      
6.500%, 09/15/2037   1,000,000 1,019,746
Huntington Bancshares, Inc.      
7.000%, 12/15/2020   235,000 259,072
ICICI Bank, Ltd.      
5.750%, 11/16/2020 (S)   1,245,000 1,225,090
International Lease Finance Corp.      
7.125%, 09/01/2018 (S)   825,000 886,463
Jefferies Group, Inc.      
6.875%, 04/15/2021   830,000 880,286
8.500%, 07/15/2019   1,890,000 2,226,900

 

16

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
JPMorgan Chase & Company      
3.700%, 01/20/2015 $ 770,000 $ 791,100
6.000%, 01/15/2018   2,165,000 2,370,171
6.300%, 04/23/2019   2,425,000 2,680,779
JPMorgan Chase & Company, Series 1      
(7.900% to 04/30/2018, then 3 month      
LIBOR + 3.470%)      
04/30/2018 (Q)   1,600,000 1,750,576
Kazkommertsbank JSC      
8.500%, 04/16/2013   350,000 362,250
Kimco Realty Corp.      
6.875%, 10/01/2019   1,455,000 1,695,447
Liberty Mutual Group, Inc.      
6.500%, 03/15/2035 (S)   2,837,000 2,666,970
7.500%, 08/15/2036 (S)   5,480,000 5,863,573
7.800%, 03/15/2037 (S)   1,935,000 1,925,325
Lincoln National Corp.      
7.000%, 06/15/2040   410,000 467,987
8.750%, 07/01/2019   2,365,000 2,991,013
Lincoln National Corp. (6.050% to      
04/20/17, then 3 month      
LIBOR + 2.040%)      
04/20/2067   2,725,000 2,547,875
Lincoln National Corp. (7.000% to      
5/17/2016, then 3 month      
LIBOR + 2.358%)      
05/17/2066   855,000 848,588
Lloyds TSB Bank PLC      
5.800%, 01/13/2020 (S)   730,000 729,925
6.375%, 01/21/2021   1,165,000 1,212,629
Lloyds TSB Group PLC (6.267% to      
11/01/2016, then 3 month LIBOR      
+1.035%)      
11/14/2016 (Q)(S)   1,570,000 1,267,775
Lloyds TSB Group PLC (6.413% to      
10/01/2035, then 3 month      
LIBOR + 1.496%)      
10/01/2035 (Q)(S)   520,000 416,000
Longfor Properties Company, Ltd.      
9.500%, 04/07/2016 (S)   635,000 635,000
Mack-Cali Realty LP      
5.125%, 01/15/2015   2,000,000 2,127,926
7.750%, 08/15/2019   935,000 1,125,190
Macquarie Bank, Ltd.      
6.625%, 04/07/2021 (S)   685,000 683,664
Macquarie Group, Ltd.      
6.000%, 01/14/2020 (S)   920,000 924,882
7.300%, 08/01/2014 (S)   750,000 831,320
Markel Corp.      
6.800%, 02/15/2013   1,605,000 1,722,317
Massachusetts Mutual Life Insurance      
Company      
8.875%, 06/01/2039 (S)   645,000 882,076
Merrill Lynch & Company, Inc.      
6.875%, 04/25/2018   3,785,000 4,197,016
7.750%, 05/14/2038   4,865,000 5,585,954
MetLife, Inc.      
10.750%, 08/01/2039   400,000 552,000
Morgan Stanley      
5.950%, 12/28/2017   1,265,000 1,356,711
6.625%, 04/01/2018   470,000 515,713
7.300%, 05/13/2019   1,375,000 1,544,623
10.090%, 05/03/2017 (S) BRL 4,330,000 2,532,784
National City Bank      
0.680%, 06/07/2017 (P) $ 1,525,000 1,437,471

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Nationstar Mortgage/Nationstar      
Capital Corp.      
10.875%, 04/01/2015 (S) $ 1,200,000 $ 1,236,000
Nationwide Financial Services      
5.375%, 03/25/2021 (S)   515,000 509,328
Nationwide Mutual Insurance Company      
(5.810% to 12/15/2014, then 3 month      
LIBOR + 2.290%)      
12/15/2024 (S)   1,130,000 1,071,649
Nelnet, Inc. (7.400% to 09/29/2011, then      
3 month LIBOR + 3.375%)      
09/29/2036   630,000 554,762
New York Life Insurance Company      
6.750%, 11/15/2039 (S)   930,000 1,066,732
Oil Casualty Insurance, Ltd.      
8.000%, 09/15/2034 (S)   1,127,000 1,020,611
Pacific Life Insurance Company      
9.250%, 06/15/2039 (S)   3,380,000 4,442,811
PartnerRe Finance A LLC      
6.875%, 06/01/2018   2,000,000 2,190,362
Pinafore LLC/Pinafore, Inc.      
9.000%, 10/01/2018 (S)   370,000 401,450
Post Apartment Homes LP      
4.750%, 10/15/2017   485,000 476,367
ProLogis      
5.625%, 11/15/2016   3,100,000 3,242,984
6.625%, 05/15/2018   1,075,000 1,162,502
7.625%, 08/15/2014   2,041,000 2,333,120
Prudential Financial, Inc.      
6.200%, 01/15/2015   1,600,000 1,763,715
7.375%, 06/15/2019   530,000 621,497
Rabobank Nederland NV (11.000% to      
06/30/2019, then 3 month      
LIBOR + 10.868%)      
06/30/2019 (Q)   857,000 1,116,243
Realogy Corp.      
7.875%, 02/15/2019 (S)   560,000 555,800
Realty Income Corp.      
5.950%, 09/15/2016   1,530,000 1,673,288
Reckson Operating Partnership LP      
7.750%, 03/15/2020   490,000 549,746
Regions Bank/Birmingham AL      
6.450%, 06/26/2037   1,500,000 1,380,000
Regions Financial Corp.      
0.479%, 06/26/2012 (P)   695,000 670,960
4.875%, 04/26/2013   500,000 507,246
7.750%, 11/10/2014   1,245,000 1,344,600
Santander Issuances SA (6.500% to      
11/15/2014, then 3 month      
LIBOR + 3.920%)      
08/11/2019 (S)   1,140,000 1,146,908
Silicon Valley Bank      
6.050%, 06/01/2017   480,000 502,470
Simon Property Group LP      
5.750%, 12/01/2015   1,500,000 1,665,528
5.875%, 03/01/2017   1,520,000 1,684,522
6.100%, 05/01/2016   1,000,000 1,128,159
10.350%, 04/01/2019   980,000 1,349,204
StanCorp Financial Group, Inc. (6.900%      
to 06/01/2017, then 3 month      
LIBOR + 0.251%)      
06/01/2067   2,350,000 2,255,100
Symetra Financial Corp.      
6.125%, 04/01/2016 (S)   1,650,000 1,711,786

 

17

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Teachers Insurance & Annuity      
Association of America      
6.850%, 12/16/2039 (S) $ 1,630,000 $ 1,837,869
Textron Financial Corp. (6.000% to      
02/15/2017, then 3 month      
LIBOR + 1.735%)      
02/15/2067 (S)   4,385,000 3,727,250
The Bear Stearns Companies LLC      
7.250%, 02/01/2018   455,000 529,310
The Goldman Sachs Group, Inc.      
5.375%, 03/15/2020   700,000 709,733
5.950%, 01/18/2018   1,475,000 1,581,377
6.150%, 04/01/2018   2,005,000 2,170,062
6.750%, 10/01/2037   2,585,000 2,607,306
7.500%, 02/15/2019   2,860,000 3,317,852
The Royal Bank of Scotland PLC      
4.875%, 03/16/2015   1,000,000 1,038,296
Transatlantic Holdings, Inc.      
5.750%, 12/14/2015   3,055,000 3,226,572
UBS AG/Stamford CT      
5.875%, 12/20/2017   1,840,000 2,006,152
Unum Group      
7.125%, 09/30/2016   1,165,000 1,311,598
UnumProvident Finance Company PLC      
6.850%, 11/15/2015 (S)   1,600,000 1,778,808
USB Realty Corp. (6.091% to      
01/15/2012, then 3 month      
LIBOR + 1.147%)      
01/15/2012 (Q)(S)   1,810,000 1,520,400
Vornado Realty LP      
4.250%, 04/01/2015   2,810,000 2,873,096
W.R. Berkley Corp.      
5.600%, 05/15/2015   830,000 876,514
6.150%, 08/15/2019   699,000 734,324
Wachovia Bank NA      
5.850%, 02/01/2037   1,050,000 1,071,510
6.600%, 01/15/2038   815,000 915,517
Washington Mutual Bank      
01/15/2015 (H)   1,070,000 1,338
WCI Finance LLC/WEA Finance LLC      
5.700%, 10/01/2016 (S)   1,500,000 1,633,023
WEA Finance LLC      
7.125%, 04/15/2018 (S)   2,000,000 2,317,196
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
6.750%, 09/02/2019 (S)   855,000 980,016
Wells Fargo & Company      
3.676%, 06/15/2016   985,000 989,158
Wells Fargo Bank NA      
5.750%, 05/16/2016   1,180,000 1,293,260
White Mountains Re Group, Ltd.      
(7.506% to 06/30/2017, then 3 month      
LIBOR + 3.200%)      
06/30/2017 (Q)(S)   3,500,000 3,348,170
Willis Group Holdings PLC      
5.750%, 03/15/2021   900,000 891,914
Willis North America, Inc.      
7.000%, 09/29/2019   1,330,000 1,438,495
Woodside Finance, Ltd.      
4.500%, 11/10/2014 (S)   865,000 915,180
XL Group PLC. (6.500% to 4/15/2017,      
then 3 month LIBOR + 2.458%)      
04/15/2017 (Q)   1,715,000 1,573,513

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Yanlord Land Group, Ltd.      
10.625%, 03/29/2018 (S) $ 1,040,000 $ 1,043,952
 
      304,785,150
Health Care - 0.84%      
Alere, Inc.      
7.875%, 02/01/2016   1,010,000 1,054,188
8.625%, 10/01/2018   495,000 524,081
Bio-Rad Laboratories, Inc.      
4.875%, 12/15/2020   580,000 570,575
BioScrip, Inc.      
10.250%, 10/01/2015   825,000 859,031
Catalent Pharma Solutions, Inc., PIK      
9.500%, 04/15/2015   1,007,813 1,034,268
Gentiva Health Services, Inc.      
11.500%, 09/01/2018   190,000 214,938
Medco Health Solutions, Inc.      
7.125%, 03/15/2018   1,485,000 1,728,980
Teva Pharmaceutical Finance      
Company LLC      
6.150%, 02/01/2036   1,680,000 1,830,599
UnitedHealth Group, Inc.      
5.800%, 03/15/2036   540,000 536,458
Valeant      
Pharmaceuticals International, Inc.      
6.750%, 10/01/2017 (S)   215,000 211,775
6.875%, 12/01/2018 (S)   830,000 813,400
WellPoint, Inc.      
6.375%, 06/15/2037   1,735,000 1,865,895
 
      11,244,188
Industrials - 3.70%      
ACCO Brands Corp.      
10.625%, 03/15/2015   230,000 259,325
Aircastle, Ltd.      
9.750%, 08/01/2018   540,000 598,050
Altra Holdings, Inc.      
8.125%, 12/01/2016   645,000 691,763
America West Airlines 2000-1 Pass      
Through Trust      
8.057%, 07/02/2020   587,185 613,608
Asciano Finance, Ltd.      
4.625%, 09/23/2020 (S)   1,365,000 1,291,242
BAE Systems Asset Trust      
6.664%, 09/15/2013 (S)   1,291,701 1,378,891
BE Aerospace, Inc.      
8.500%, 07/01/2018   825,000 913,688
Bombardier, Inc.      
7.750%, 03/15/2020 (S)   715,000 776,669
Coleman Cable, Inc.      
9.000%, 02/15/2018   630,000 663,075
Colt Defense LLC/Colt Finance Corp.      
8.750%, 11/15/2017 (S)   765,000 623,475
Continental Airlines 1998-1 Class A Pass      
Through Trust      
6.648%, 09/15/2017   551,112 580,045
Continental Airlines 1999-1 Class A Pass      
Through Trust      
6.545%, 02/02/2019   327,134 346,763
Continental Airlines 2000-2 Class B Pass      
Through Trust      
8.307%, 04/02/2018   324,844 328,092
Continental Airlines 2007-1 Class A Pass      
Through Trust      
5.983%, 04/19/2022   1,639,856 1,680,853

 

18

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Industrials (continued)      
CSX Corp.      
7.375%, 02/01/2019 $ 1,540,000 $ 1,858,728
Delta Air Lines 2007-1 Class A Pass      
Through Trust      
6.821%, 08/10/2022   1,781,717 1,839,622
Delta Air Lines 2010-1 Class A Pass      
Through Trust      
6.200%, 07/02/2018   657,214 681,860
Delta Air Lines 2011-1 Class A Pass      
Through Trust      
5.300%, 04/15/2019   610,000 614,575
Delta Air Lines, Inc.      
6.718%, 01/02/2023   1,646,661 1,675,477
9.500%, 09/15/2014 (S)   768,000 816,000
Embraer Overseas, Ltd.      
6.375%, 01/15/2020   965,000 1,037,375
Garda World Security Corp.      
9.750%, 03/15/2017 (S)   350,000 377,125
GATX Corp.      
8.750%, 05/15/2014   1,350,000 1,557,249
General Electric Company      
5.250%, 12/06/2017   910,000 989,485
Huntington Ingalls Industries, Inc.      
7.125%, 03/15/2021 (S)   765,000 797,513
Interactive Data Corp.      
10.250%, 08/01/2018 (S)   310,000 347,975
Kansas City Southern de Mexico SA      
de CV      
8.000%, 02/01/2018   960,000 1,046,400
Kratos Defense & Security      
Solutions, Inc.      
10.000%, 06/01/2017   755,000 832,388
Masco Corp.      
7.125%, 03/15/2020   825,000 852,646
Navios Maritime Holdings, Inc./Navios      
Maritime Finance II U.S., Inc.      
8.125%, 02/15/2019 (S)   600,000 604,500
Niska Gas Storage U.S. LLC/Niska Gas      
Storage Canada ULC      
8.875%, 03/15/2018   1,015,000 1,103,813
Northwest Airlines 2002-1 Class G-2      
Pass Through Trust      
6.264%, 11/20/2021   1,430,960 1,473,889
Northwest Airlines 2007-1 Class A Pass      
Through Trust      
7.027%, 11/01/2019   1,165,490 1,200,454
Odebrecht Finance, Ltd.      
7.000%, 04/21/2020 (S)   775,000 847,463
7.500%, 09/15/2015 (Q)(S)   230,000 232,875
RailAmerica, Inc.      
9.250%, 07/01/2017   622,000 688,088
Steelcase, Inc.      
6.375%, 02/15/2021   1,250,000 1,271,538
Systems 2001 Asset Trust LLC      
7.156%, 12/15/2011 (S)   169,098 173,123
Terex Corp.      
10.875%, 06/01/2016   740,000 860,250
Textron, Inc.      
5.600%, 12/01/2017   1,295,000 1,351,138
The Hertz Corp.      
6.750%, 04/15/2019 (S)   1,625,000 1,610,781
TransDigm, Inc.      
7.750%, 12/15/2018 (S)   1,450,000 1,556,938
Trimas Corp.      
9.750%, 12/15/2017   385,000 423,981

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Tutor Perini Corp.      
7.625%, 11/01/2018 (S) $ 890,000 $ 916,700
UAL 2009-1 Pass Through Trust      
10.400%, 11/01/2016   509,926 583,865
UAL 2009-2A Pass Through Trust      
9.750%, 01/15/2017   1,144,336 1,304,543
Union Pacific Corp.      
5.700%, 08/15/2018   1,300,000 1,453,226
United Air Lines, Inc.      
9.875%, 08/01/2013 (S)   247,000 260,894
US Airways 2010-1 Class A Pass      
Through Trust      
6.250%, 04/22/2023   1,070,000 1,068,930
Voto-Votorantim Overseas Trading      
Operations NV      
6.625%, 09/25/2019 (S)   1,210,000 1,276,550
Voto-Votorantim, Ltd.      
6.750%, 04/05/2021 (S)   1,230,000 1,303,800
Waste Management, Inc.      
7.750%, 05/15/2032   625,000 775,756
Western Express, Inc.      
12.500%, 04/15/2015 (S)   1,310,000 1,264,150
 
      49,677,202
Information Technology - 0.58%      
Brightstar Corp.      
9.500%, 12/01/2016 (S)   1,240,000 1,331,450
Equinix, Inc.      
8.125%, 03/01/2018   545,000 589,963
Fiserv, Inc.      
6.800%, 11/20/2017   1,165,000 1,296,325
Tyco Electronics Group SA      
6.550%, 10/01/2017   945,000 1,079,783
7.125%, 10/01/2037   1,755,000 2,029,782
Vangent, Inc.      
9.625%, 02/15/2015   1,490,000 1,482,550
 
      7,809,853
Materials - 2.67%      
Alcan, Inc.      
5.000%, 06/01/2015   339,000 366,255
Alcoa, Inc.      
5.720%, 02/23/2019   560,000 581,581
Allegheny Technologies, Inc.      
5.950%, 01/15/2021   375,000 394,248
9.375%, 06/01/2019   805,000 1,018,620
American Pacific Corp.      
9.000%, 02/01/2015   655,000 637,806
ArcelorMittal      
6.125%, 06/01/2018   530,000 560,884
6.750%, 03/01/2041   725,000 709,992
9.850%, 06/01/2019   960,000 1,216,849
Ball Corp.      
6.750%, 09/15/2020   895,000 935,275
Boise Paper Holdings LLC/Boise Co-      
Issuer Company      
8.000%, 04/01/2020   270,000 291,600
Braskem Finance, Ltd.      
7.000%, 05/07/2020 (S)   1,085,000 1,177,225
Cliffs Natural Resources, Inc.      
6.250%, 10/01/2040   755,000 749,962
Commercial Metals Company      
7.350%, 08/15/2018   990,000 1,030,559
Corporacion Nacional del Cobre      
5.500%, 10/15/2013 (S)   481,000 518,929

 

19

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Materials (continued)      
FMG Resources August 2006 Pty, Ltd.      
7.000%, 11/01/2015 (S) $ 165,000 $ 171,188
Georgia-Pacific LLC      
5.400%, 11/01/2020 (S)   1,575,000 1,552,977
7.125%, 01/15/2017 (S)   1,240,000 1,315,950
Gerdau Trade, Inc.      
5.750%, 01/30/2021 (S)   885,000 896,063
Graphic Packaging International, Inc.      
7.875%, 10/01/2018   270,000 289,238
9.500%, 06/15/2017   560,000 621,600
Incitec Pivot Finance LLC      
6.000%, 12/10/2019 (S)   965,000 1,010,062
Inkia Energy, Ltd.      
8.375%, 04/04/2021 (S)   1,275,000 1,264,405
International Paper Company      
7.950%, 06/15/2018   1,000,000 1,201,181
9.375%, 05/15/2019   1,095,000 1,407,745
JMC Steel Group      
8.250%, 03/15/2018 (S)   475,000 485,688
Mercer International, Inc.      
9.500%, 12/01/2017 (S)   280,000 306,600
Metinvest BV      
8.750%, 02/14/2018 (S)   1,145,000 1,185,075
Nalco Company      
6.625%, 01/15/2019 (S)   480,000 493,800
PE Paper Escrow GmbH      
12.000%, 08/01/2014 (S)   320,000 368,000
Polymer Group, Inc.      
7.750%, 02/01/2019 (S)   250,000 257,813
Pretium Packaging LLC/Pretium      
Finance, Inc.      
11.500%, 04/01/2016 (S)   420,000 424,200
Rain CII Carbon LLC/CII Carbon Corp.      
8.000%, 12/01/2018 (S)   1,460,000 1,562,200
Severstal Columbus LLC      
10.250%, 02/15/2018   320,000 353,600
Solo Cup Company      
10.500%, 11/01/2013   375,000 391,875
Solutia, Inc.      
7.875%, 03/15/2020   720,000 781,200
Sterling Chemicals, Inc.      
10.250%, 04/01/2015   1,095,000 1,138,800
Teck Resources, Ltd.      
10.750%, 05/15/2019   2,825,000 3,607,525
Temple-Inland, Inc.      
6.875%, 01/15/2018   1,435,000 1,551,314
U.S. Corrugated, Inc.      
10.000%, 06/12/2013   570,000 558,600
Vale Overseas, Ltd.      
6.875%, 11/10/2039   910,000 972,318
Verso Paper Holdings LLC/Verso      
Paper, Inc.      
8.750%, 02/01/2019 (S)   270,000 280,800
Westvaco Corp.      
7.950%, 02/15/2031   1,130,000 1,182,214
 
      35,821,816
Telecommunication Services - 2.37%      
Affinion Group Holdings, Inc.      
11.625%, 11/15/2015 (S)   655,000 666,463
America Movil SAB de CV      
5.000%, 03/30/2020   1,260,000 1,297,682
AT&T, Inc.      
5.350%, 09/01/2040 (S)   580,000 519,098
6.450%, 06/15/2034   217,000 223,223

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
Axtel SAB de CV      
9.000%, 09/22/2019 (S) $ 465,000 $ 446,400
Bakrie Telecom Pte, Ltd.      
11.500%, 05/07/2015 (S)   1,065,000 1,136,888
BellSouth Corp.      
6.000%, 11/15/2034   2,000,000 1,956,888
6.550%, 06/15/2034   1,580,000 1,652,552
British Telecommunications PLC      
5.950%, 01/15/2018   1,715,000 1,890,309
Deutsche Telekom      
International Finance BV      
7.125%, 07/11/2011 EUR 99,000 142,276
8.750%, 06/15/2030 $ 1,358,000 1,779,348
Embarq Corp.      
7.995%, 06/01/2036   2,280,000 2,568,696
France Telecom SA      
8.500%, 03/01/2031   1,009,000 1,356,795
Frontier Communications Corp.      
8.500%, 04/15/2020   1,570,000 1,701,488
Intelsat Jackson Holdings SA      
11.500%, 06/15/2016   1,015,000 1,088,588
NII Capital Corp.      
8.875%, 12/15/2019   1,150,000 1,265,000
10.000%, 08/15/2016   600,000 684,000
SBA Telecommunications, Inc.      
8.000%, 08/15/2016   470,000 511,713
SBA Tower Trust      
5.101%, 04/15/2017 (S)   1,200,000 1,230,000
Sprint Capital Corp.      
6.875%, 11/15/2028   1,500,000 1,383,750
Telcordia Technologies, Inc.      
11.000%, 05/01/2018 (S)   370,000 411,625
Telecom Italia Capital SA      
6.175%, 06/18/2014   1,040,000 1,115,604
7.200%, 07/18/2036   2,885,000 2,893,248
7.721%, 06/04/2038   665,000 703,994
Verizon Communications, Inc.      
6.900%, 04/15/2038   1,715,000 1,901,894
West Corp.      
11.000%, 10/15/2016   1,160,000 1,247,000
 
      31,774,522
Utilities - 3.50%      
AES Gener SA      
7.500%, 03/25/2014   906,000 996,419
Allegheny Energy Supply Company LLC      
5.750%, 10/15/2019 (S)   1,230,000 1,253,198
Appalachian Power Company      
5.800%, 10/01/2035   1,961,000 1,954,882
Arizona Public Service Company      
5.500%, 09/01/2035   1,118,000 1,065,467
BVPS II Funding Corp.      
8.890%, 06/01/2017   762,000 847,121
CenterPoint Energy Houston      
Electric LLC      
6.950%, 03/15/2033   535,000 627,522
Cia de Saneamento Basico do Estado de      
Sao Paulo      
6.250%, 12/16/2020 (S)   790,000 811,725
CMS Energy Corp.      
6.250%, 02/01/2020   1,820,000 1,898,724
Commonwealth Edison Company      
5.800%, 03/15/2018   1,285,000 1,418,272

 

20

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Dominion Resources, Inc. (6.300% to      
09/30/2011, then 3 month      
LIBOR + 2.300%)      
09/30/2066 $ 3,200,000 $ 3,144,000
Enel Finance International NV      
6.250%, 09/15/2017 (S)   2,335,000 2,553,133
Exelon Generation Company LLC      
6.250%, 10/01/2039   695,000 679,276
FirstEnergy Corp.      
6.450%, 11/15/2011   21,000 21,624
FirstEnergy Solutions Corp.      
4.800%, 02/15/2015   990,000 1,037,523
Integrys Energy Group, Inc. (6.110% to      
12/01/2016, then 3 month      
LIBOR + 2.120%)      
12/01/2066   1,715,000 1,674,269
Israel Electric Corp., Ltd.      
7.250%, 01/15/2019 (S)   1,845,000 1,958,204
ITC Holdings Corp.      
5.500%, 01/15/2020 (S)   1,100,000 1,156,957
KCP&L Greater Missouri Operations      
Company      
11.875%, 07/01/2012   1,235,000 1,377,019
Michigan Consolidated Gas Company      
5.700%, 03/15/2033   736,000 733,779
Midwest Generation LLC, Series B      
8.560%, 01/02/2016   1,305,945 1,332,064
Nevada Power Company      
6.650%, 04/01/2036   2,330,000 2,631,747
NiSource Finance Corp.      
6.400%, 03/15/2018   1,672,000 1,867,443
6.800%, 01/15/2019   1,000,000 1,142,475
NRG Energy, Inc.      
7.625%, 01/15/2018 (S)   980,000 1,016,750
8.250%, 09/01/2020 (S)   940,000 977,600
NV Energy, Inc.      
6.250%, 11/15/2020   625,000 635,325
PNPP II Funding Corp.      
9.120%, 05/30/2016   692,000 736,703
PPL Capital Funding, Inc. (6.700% to      
03/30/2017, then 3 month      
LIBOR + 2.665%)      
03/30/2067   1,160,000 1,144,050
PPL Energy Supply LLC      
6.500%, 05/01/2018   1,000,000 1,115,473
PSEG Power LLC      
8.625%, 04/15/2031   736,000 921,919
Salton Sea Funding Corp., Series F      
7.475%, 11/30/2018   634,276 670,645
SPI Electricity & Gas Australia      
Holdings Pty, Ltd.      
6.150%, 11/15/2013 (S)   798,000 863,952
TransAlta Corp.      
6.650%, 05/15/2018   2,157,000 2,412,773
United Energy Distribution Property, Ltd.      
4.700%, 04/15/2011 (S)   344,000 344,315
Veolia Environnement      
6.000%, 06/01/2018   2,400,000 2,664,674
W3A Funding Corp.      
8.090%, 01/02/2017   397,111 397,663

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Wisconsin Energy Corp. (6.250% to      
05/15/2017, then 3 month      
LIBOR + 2.113%)      
05/15/2067 $ 790,000 $ 792,963
 
      46,877,648
TOTAL CORPORATE BONDS (Cost $605,681,492) $ 656,223,143
 
CAPITAL PREFERRED SECURITIES - 2.79%    
Financials - 2.79%      
Allfirst Preferred Capital Trust ,      
1.803%, 07/15/2029 (P)   1,025,000 838,454
BAC Capital Trust XIII ,      
0.710%, 03/15/2012 (P)(Q)   1,900,000 1,332,972
BAC Capital Trust XIV (5.630% to      
03/15/2012, then 3 month      
LIBOR + 0.400%) 03/15/2012 (Q)   4,650,000 3,580,500
BAC Capital Trust XV,      
1.111%, 06/01/2056 (P)   4,170,000 2,884,247
Fifth Third Capital Trust IV (6.500% to      
04/15/2017 then 3 month      
LIBOR + 1.368%) 04/15/2067   2,150,000 2,093,563
Goldman Sachs Capital II (5.793% to      
06/01/2012, then 3 month      
LIBOR + 0.768%) 06/01/2012 (Q)   2,995,000 2,583,188
JPMorgan Chase Capital XX ,      
6.550%, 09/15/2066   2,045,000 2,076,980
JPMorgan Chase Capital XXIII (1.250%      
to 05/15/2047, then 3 month      
LIBOR + 2.030%) 05/15/2077   4,175,000 3,455,668
MBNA Capital , 1.104%, 02/01/2027   1,157,000 891,173
Mellon Capital IV (6.244% to      
06/20/2012, then 3 month      
LIBOR + 0.565%) 06/20/2012 (Q)   1,600,000 1,468,000
MetLife Capital Trust X (9.250% to      
04/08/2038 then 3 month      
LIBOR + 5.540%) 04/08/2068 (S)   465,000 561,488
PNC Preferred Funding Trust I (6.113%      
to 03/15/2012, then 3 month      
LIBOR + 1.223%) 03/15/2012 (Q)(S)   1,349,000 1,126,415
PNC Preferred Funding Trust III      
(8.700% to 03/15/2013 then 3 month      
LIBOR + 5.226%) 03/15/2013 (Q)(S)   2,170,000 2,320,641
Schwab Capital Trust I (7.500% to      
11/15/2017, then 3 month      
LIBOR + 2.375%) 11/15/2067   1,890,000 1,952,219
Sovereign Capital Trust VI ,      
7.908%, 06/13/2036   390,000 389,676
Standard Chartered PLC (6.409% to      
01/30/2017, then 3 month      
LIBOR + 1.510%) 01/30/2017 (Q)(S)   1,500,000 1,433,316
State Street Capital Trust III (5.300% to      
06/23/2011, then 3 month      
LIBOR + 4.990%) 06/17/2011 (Q)   1,360,000 1,361,768
State Street Capital Trust IV,      
1.310%, 06/01/2067 (P)   2,485,000 2,050,490
SunTrust Capital VIII 12/01/2066 (P)   903,000 880,425
SunTrust Preferred Capital I (5.853% to      
12/15/2011, then 3 month      
LIBOR + 0.645%) 12/15/2011 (Q)   425,000 337,875

 

21

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CAPITAL PREFERRED SECURITIES (continued)  
Financials (continued)      
USB Capital IX (6.189% to 04/15/2011,      
then 3 month      
LIBOR + 1.020%) 04/15/2011 (Q)   4,605,000 $ 3,856,688
      37,475,746
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $40,085,695)   $ 37,475,746
 
CONVERTIBLE BONDS - 0.16%      
Industrials - 0.07%      
US Airways Group, Inc.      
7.250%, 05/15/2014 $ 430,000 $ 918,050
Consumer Discretionary - 0.09%      
XM Satellite Radio, Inc.      
7.000%, 12/01/2014 (S)   955,000 1,265,375
TOTAL CONVERTIBLE BONDS (Cost $1,462,869) $ 2,183,425
 
TERM LOANS (M) - 0.55%      
Energy - 0.19%      
Alpha Natural Resources, Inc.      
01/27/2012 (T)   2,550,000 2,550,000
Financials - 0.04%      
iStar Financial, Inc.      
06/30/2014 (T)   570,000 568,894
 
CONSUMER DISCRETIONARY - 0.32%    
CCM Merger, Inc.      
7.000%, 03/01/2017   500,000 505,938
East Valley Tourist Development      
Authority      
12.000%, 08/06/2012   769,588 642,606
Kalispel Tribal Economic Authority      
7.500%, 02/22/2017   1,600,000 1,568,000
Sugerhouse HSP Gaming      
11.250%, 09/23/2014   600,000 608,250
Vertis, Inc.      
11.750%, 12/31/2015   930,000 911,400
 
      4,236,194
TOTAL TERM LOANS (Cost $7,464,487) $ 7,355,088
 
MUNICIPAL BONDS - 0.56%      
California - 0.05%      
State of California      
7.600%, 11/01/2040   595,000 652,019
District of Columbia - 0.35%      
George Washington University      
5.095%, 09/15/2032 (P)   4,580,000 4,789,489
New Jersey - 0.16%      
New Jersey State Turnpike Authority      
7.414%, 01/01/2040   1,885,000 2,110,314
TOTAL MUNICIPAL BONDS (Cost $7,249,604) $ 7,551,822
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 20.76%      
 
COMMERCIAL & RESIDENTIAL - 19.64%    
American Home Mortgage Assets,      
Series 2006-6, Class XP IO      
2.361%, 12/25/2046   11,943,473 802,549

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMERCIAL & RESIDENTIAL (continued)    
American Home Mortgage      
Investment Trust, Series 2004-4,      
Class 5A      
2.250%, 02/25/2045 (P) $ 2,111,880 $ 1,944,497
American Tower Trust      
Series 2007-1A, Class C,      
5.615%, 04/15/2037 (S)   1,900,000 2,007,295
Series 2007-1A, Class D,      
5.957%, 04/15/2037 (S)   1,970,000 2,077,634
Americold LLC Trust,      
Series 2010-ARTA, Class D      
7.443%, 01/14/2029 (S)   1,550,000 1,659,015
Banc of America      
Commercial Mortgage, Inc.      
Series 2005-5, Class XC IO,      
0.063%, 10/10/2045 (S)   258,533,182 1,007,866
Series 2005-2, Class AJ,      
4.953%, 07/10/2043 (P)   2,524,154 2,624,619
Series 2006-4, Class AM,      
5.675%, 07/10/2046   1,550,000 1,584,195
Series 2006-2, Class AM,      
5.776%, 05/10/2045 (P)   1,550,000 1,603,883
Series 2006-3, Class A4,      
5.889%, 07/10/2044 (P)   3,890,000 4,202,320
Banc of America Large Loan, Inc.      
Series 2006-BIX1, Class C,      
0.435%, 10/15/2019 (P)(S)   5,214,117 4,976,744
Series 2005-MIB1, Class B,      
0.515%, 03/15/2022 (P)(S)   5,345,000 5,155,907
Series 2005-MIB1, Class E,      
0.655%, 03/15/2022 (P)(S)   1,320,000 1,236,702
Bear Stearns Alt-A Trust, Series 2005-3,      
Class B2      
2.580%, 04/25/2035 (P)   999,635 72,779
Bear Stearns Asset      
Backed Securities, Inc.      
Series 2004-AC5, Class A1,      
5.250%, 10/25/2034   307,169 312,183
Series 2003-AC4, Class A,      
5.500%, 09/25/2033   309,899 314,723
Bear Stearns Commercial      
Mortgage Securities, Inc.      
Series 2004-T16, Class X1 IO,      
0.276%, 02/13/2046 (S)   26,985,093 418,919
Series 2004-PWR5, Class X1 IO,      
0.395%, 07/11/2042 (S)   28,591,969 454,444
Series 2006-T24, Class AY IO,      
0.427%, 10/12/2041 (S)   124,414,252 1,372,376
Series 2006-BBA7, Class G,      
0.695%, 03/15/2019 (P)(S)   2,300,000 1,946,696
Series 2005-T20, Class AJ,      
5.149%, 10/12/2042 (P)   4,200,000 4,271,468
Series 2005-T18, Series G,      
5.296%, 02/13/2042 (P)(S)   4,000,000 2,410,506
Series 2006-PW14, Class D,      
5.412%, 12/11/2038 (S)   2,130,000 1,284,165
Bear Stearns Mortgage Funding Trust,      
Series 2006-AR4, Class A1      
0.460%, 12/25/2036 (P)   1,514,268 948,757
Citigroup Commercial Mortgage Trust,      
Series 2006-C4, Class A3      
5.733%, 03/15/2049 (P)   2,414,000 2,628,036
Citigroup Mortgage Loan Trust, Inc.,      
Series 2005-1, Class 2B1      
2.518%, 04/25/2035 (P)   1,065,762 44,982

 

22

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMERCIAL & RESIDENTIAL (continued)    
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2005-CD1,      
Class C      
5.222%, 07/15/2044 (P) $ 1,000,000 $ 902,453
Commercial Mortgage Pass Through      
Certificates, Series 2007-C9, Class A4      
5.815%, 12/10/2049 (P)   3,475,000 3,765,257
Countrywide Home Loan Mortgage Pass      
Through Trust, Series 2005-12,      
Class 2A5      
5.500%, 05/25/2035   488,423 485,599
Countrywide Home Loan Mortgage Pass      
Through Trust, Series 2004-HYB2,      
Class 4A      
2.735%, 07/20/2034 (P)   3,554,733 3,683,777
Credit Suisse First Boston      
Mortgage Securities Corp.      
Series 2005-C1, Class AX IO,      
0.139%, 02/15/2038 (S)   48,192,941 452,874
Series 2005-TF2A, Class K,      
1.455%, 09/15/2020 (P)(S)   1,000,000 973,336
Series 2004-C4, Class A4,      
4.283%, 10/15/2039   348,919 349,705
Series 2005-C4, Class AJ,      
5.190%, 08/15/2038 (P)   3,000,000 2,952,869
Credit Suisse Mortgage      
Capital Certificates      
Series 2006-TFLA, Class A2,      
0.415%, 04/15/2021 (P)(S)   4,318,867 4,304,468
Series 2006-TFLA, Class B,      
0.485%, 04/15/2021 (P)(S)   4,095,000 4,076,409
DBUBS Mortgage Trust,      
Series 2011-LC1A, Class C      
5.557%, 11/10/2046 (P)(S)   2,000,000 1,995,995
Extended Stay America Trust,      
Series 2010-ESHA, Class B      
4.221%, 11/05/2027 (S)   2,500,000 2,516,012
First Horizon Alternative Mortgage      
Securities, Series 2004-AA5, Class B1      
2.382%, 12/25/2034 (P)   703,251 68,144
FREMF Mortgage Trust      
Series 2011, Class K11,      
4.569%, 12/25/2048 (P)(S)   875,000 779,777
Series 2011-K10, Class B,      
4.598%, 11/25/2049 (P)(S)   1,000,000 937,471
G-Force LLC, Series 2005-RR2,      
Class A4B      
5.422%, 12/25/2039 (S)   4,260,000 1,070,325
GE Capital Commercial Mortgage Corp.      
Series 2005-C1, Class XC IO,      
0.264%, 06/10/2048 (S)   72,413,177 890,682
Series 2005-C1, Class XP IO,      
0.465%, 06/10/2048   132,034,443 673,098
Series 2005-C3, Class AJ,      
5.065%, 07/10/2045 (P)   6,500,000 6,525,141
Series 2005-C2, Class C,      
5.133%, 05/10/2043 (P)   3,096,263 2,971,849
Series 2002-2A, Class A3,      
5.349%, 08/11/2036   735,191 763,416
GMAC Mortgage Corp Loan Trust,      
Series 2004-AR2, Class 3A      
3.406%, 08/19/2034 (P)   2,470,876 2,294,723
Greenwich Capital      
Commercial Funding Corp.      
Series 2005-GG3, Class XC IO,      
0.425%, 08/10/2042 (S)   160,482,411 1,940,874

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMERCIAL & RESIDENTIAL (continued)    
Greenwich Capital Commercial      
Funding Corp. (continued)      
Series 2002-C1, Class A2,      
4.112%, 01/11/2017 $ 328,857 $ 331,473
Series 2007-GG9, Class A4,      
5.444%, 03/10/2039   3,045,000 3,218,465
Series 2007-GG9, Class C,      
5.554%, 03/10/2039 (P)   1,695,000 1,177,096
Series 2006-GG7, Class AM,      
5.890%, 07/10/2038 (P)   1,555,000 1,611,688
GS Mortgage Securities Corp. II      
Series 2005-GG4, Class XC IO,      
0.285%, 07/10/2039 (S)   90,959,487 1,551,487
Series 2006-GG8, Class X IO,      
0.629%, 11/10/2039 (S)   55,216,866 1,251,446
Series 2011-GC3, Class X IO,      
1.345%, 03/10/2044 (S)   24,355,829 1,536,853
Series ALF, Class XA1 IO,      
3.914%, 02/10/2021 (S)   14,243,842 1,105,322
Series 2011-ALF, Class D,      
4.209%, 02/10/2021 (S)   1,500,000 1,491,450
Series 2007-GG10, Class A4,      
5.808%, 08/10/2045 (P)   7,940,000 8,418,400
GSR Mortgage Loan Trust      
Series 2005-AR6, Class 3A1,      
2.772%, 09/25/2035 (P)   1,467,188 1,344,194
Series 2004-9, Class B1,      
3.589%, 08/25/2034 (P)   1,559,094 692,860
Harborview Mortgage Loan Trust      
Series 2007-6, Class ES IO,      
0.342%, 08/19/2037 (S)   34,037,469 216,478
Series 2007-3, Class ES IO,      
0.350%, 05/19/2047   41,604,659 272,511
Series 2007-4, Class ES IO,      
0.350%, 07/19/2047 (P)   49,718,827 272,956
Series 2005-8, Class 1X IO,      
2.401%, 09/19/2035 (P)   18,895,181 1,002,680
Series 2005-11, Class X IO,      
2.440%, 08/19/2045   10,834,401 500,271
Series 2004-7, Class 2A3,      
2.545%, 11/19/2034 (P)   522,021 373,656
IndyMac Index Mortgage Loan Trust      
Series 2005-AR18, Class 2X IO,      
1.913%, 10/25/2036   52,014,485 2,340,652
Series 2005-AR18, Class 1X IO,      
2.225%, 10/25/2036   33,678,223 1,515,520
Series 2005-AR5, Class B1,      
2.699%, 05/25/2035 (P)   1,608,752 15,074
Series 2004-AR13, Class B1,      
5.296%, 01/25/2035   985,027 110,138
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2006-LDP8, Class X IO,      
0.565%, 05/15/2045   87,307,951 1,968,043
Series 2011-C3A, Class XA IO,      
1.550%, 02/15/2046 (S)   27,541,207 2,032,536
Series 2005-LDP3, Class AJ,      
4.969%, 08/15/2042 (P)   3,000,000 3,004,943
Series 2005-LDP3, Class A4B,      
4.996%, 08/15/2042 (P)   2,390,000 2,454,544
Series 2005-IDP4, Class AJ,      
5.040%, 10/15/2042 (P)   1,000,000 970,542
Series 2005-LDP4, Class B,      
5.129%, 10/15/2042 (P)   1,265,000 1,176,778
Series 2005-LDP5, Class A4,      
5.202%, 12/15/2044 (P)   5,990,000 6,410,992

 

23

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMERCIAL & RESIDENTIAL (continued)    
JPMorgan Chase Commercial Mortgage      
Securities Corp. (continued)      
Series 2007-LDPX, Class A2S,      
5.305%, 01/15/2049 $ 2,325,000 $ 2,366,173
Series 2005-LDP5, Class AJ,      
5.323%, 12/15/2044 (P)   1,000,000 1,024,728
Series 2005-LDP5, Class G,      
5.357%, 12/15/2044 (P)(S)   2,460,000 1,699,612
Series 2011-C3A, Class C,      
5.360%, 02/15/2046 (P)(S)   1,500,000 1,405,922
Series 2006-LDP8, Class AM,      
5.440%, 05/15/2045   3,200,000 3,298,929
Series 2007-CB18, Class A4,      
5.440%, 06/12/2047   2,990,000 3,148,453
Series 2006-LDP8, Class A3B,      
5.447%, 05/15/2045   4,530,000 4,670,808
Series 2007-LDPX Class AM,      
5.464%, 01/15/2049 (P)   5,000,000 4,689,078
Series 2006-LDP8, Class AJ,      
5.480%, 05/15/2045 (P)   2,300,000 2,210,051
Series 2007-LD11, Class A4,      
5.818%, 06/15/2049 (P)   2,200,000 2,352,933
Series 2006-LDP7, Class AM,      
5.863%, 04/15/2045 (P)   2,430,000 2,507,547
JPMorgan Mortgage Trust,      
Series 2006-A7, Class 2A5      
5.653%, 01/25/2037 (P)   1,839,772 157,898
LB-UBS Commercial Mortgage Trust      
Series 2005-C1, Class XCL IO,      
0.407%, 02/15/2040 (S)   37,258,325 725,729
Series 2005-C1, Class A2,      
4.310%, 02/15/2030   359,156 359,248
Series 2005-C5, Class AJ,      
5.057%, 09/15/2040 (P)   1,000,000 1,015,792
Series 2005-C2, Class E,      
5.342%, 04/15/2040 (P)   2,990,000 2,581,075
Series 2006-C6, Class AM,      
5.413%, 09/15/2039   2,805,000 2,883,570
Series 2007-C2, Class A3,      
5.430%, 02/15/2040   2,410,000 2,535,876
Series 2006-C4, Class A4,      
5.876%, 06/15/2038 (P)   1,502,000 1,649,561
Mastr Adjustable Rate Mortgages Trust      
Series 2004-13, Class 2A1,      
2.820%, 04/21/2034 (P)   1,462,025 1,425,784
Series 2004-8, Class 5A1,      
2.842%, 08/25/2034 (P)   2,699,656 2,591,489
Merrill Lynch Floating Trust      
Series 2006-1, Class A2,      
0.385%, 06/15/2022 (P)(S)   4,330,000 4,201,767
Series 2006-1, Class D,      
0.455%, 06/15/2022 (P)(S)   2,250,000 2,055,733
Merrill Lynch Mortgage Trust      
Series 2005-CIP1, Class XC IO,      
0.094%, 07/12/2038 (S)   245,265,883 1,206,463
Series 2005-CIP1, Class XP IO,      
0.141%, 07/12/2038   137,864,856 627,271
Series 2006-C2, Class X IO,      
0.361%, 08/12/2043 (S)   98,776,759 1,532,758
Series 2008-C1, Class X IO,      
0.553%, 02/12/2051 (S)   54,018,172 1,135,408
Series 2004-KEY2, Class A4,      
4.864%, 08/12/2039 (P)   1,588,012 1,692,197
Series 2005-LC1, Class AJ,      
5.331%, 01/12/2044 (P)   1,000,000 986,624

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMERCIAL & RESIDENTIAL (continued)    
Merrill Lynch/Countrywide      
Commercial Mortgage Trust      
Series 2007-5, Class A4,      
5.378%, 08/12/2048 $ 2,000,000 $ 2,069,260
Series 2006-2, Class A4,      
5.909%, 06/12/2046 (P)   2,985,000 3,263,621
MLCC Mortgage Investors, Inc.      
Series 2005-A, Class A1,      
0.480%, 03/25/2030 (P)   105,716 96,315
Series 2007-3, Class M1,      
5.469%, 09/25/2037 (P)   1,117,941 641,093
Series 2007-3, Class M2,      
5.469%, 09/25/2037 (P)   420,866 210,659
Series 2007-3, Class M3,      
5.469%, 09/25/2037 (P)   272,372 122,663
Series 2006-3, Class 2A1,      
5.866%, 10/25/2036 (P)   2,467,081 2,330,375
Morgan Stanley Capital I      
Series 2005-T17, Class X1 IO,      
0.220%, 12/13/2041 (S)   68,681,083 869,290
Series 2005-IQ9, Class X1 IO,      
0.350%, 07/15/2056 (S)   32,563,713 960,783
Series 2007-SRR3, Class A,      
0.554%, 12/20/2049 (P)(S)   3,000,000 88,800
Series 2007-SRR3, Class B,      
0.654%, 12/20/2049 (P)(S)   3,000,000 67,500
Series 2005-HQ7, Class AJ,      
5.203%, 11/14/2042 (P)   3,560,000 3,628,763
Series 2011-C1, Class B,      
5.238%, 09/15/2047 (P)(S)   2,500,000 2,540,692
Series 2011-C1, Class C,      
5.238%, 09/15/2047 (P)(S)   1,500,000 1,485,078
Series 2007-IQ13, Class A4,      
5.364%, 03/15/2044   3,030,000 3,165,779
Series 2008-HQ8, Class AM,      
5.451%, 03/12/2044 (P)   2,715,000 2,865,534
Series 2007-T27, Class A4,      
5.646%, 06/11/2042 (P)   955,000 1,047,312
Series 2006-IQ11, Class AM,      
5.730%, 10/15/2042 (P)   1,700,000 1,785,684
Series 2006-T23, Class A4,      
5.806%, 08/12/2041 (P)   1,469,000 1,626,197
Morgan Stanley Capital IMSC,      
Series 2006-IQ11, Class B      
5.730%, 10/15/2042 (P)   1,000,000 967,004
Multi Security Asset Trust,      
Series 2005-RR4A, Class F      
5.880%, 11/28/2035 (P)(S)   580,000 435,000
Provident Funding Mortgage Loan Trust,      
Series 2005-1, Class B1      
2.706%, 05/25/2035 (P)   1,667,420 394,808
Residential Accredit Loans, Inc.      
Series 2005-QO4, Class X IO,      
2.450%, 12/25/2045   33,368,360 1,714,480
Series 2004-QS16, Class 1A1,      
5.500%, 12/25/2034   465,422 460,700
Sequoia Mortgage Trust, Series 2005-3,      
Class A1      
0.454%, 05/20/2035 (P)   219,632 195,026
Structured Asset Securities Corp.      
Series 2003-6A, Class B1,      
2.758%, 03/25/2033 (P)   1,837,210 1,305,073
Series 1998-RF2, Class A,      
8.010%, 07/15/2027 (P)(S)   238,404 238,343

 

24

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMERCIAL & RESIDENTIAL (continued)    
Thornburg Mortgage Securities Trust,      
Series 2004-1, Class II2A      
1.796%, 03/25/2044 (P) $ 2,342,195 $ 2,196,471
Timberstar Trust, Series 2006-1A,      
Class A      
5.668%, 10/15/2036 (S)   2,300,000 2,455,171
Wachovia Bank      
Commercial Mortgage Trust      
Series 2005-C17, Class XC IO,      
0.119%, 03/15/2042 (S)   42,766,720 320,921
Series 2005-C19, Class AJ,      
4.793%, 05/15/2044   1,862,483 1,832,331
Series 2005-C16, Class D,      
5.044%, 10/15/2041 (P)   1,000,000 943,592
Series 2005-C16, Class E,      
5.153%, 10/15/2041 (P)(S)   2,500,000 2,218,923
Series 2006-C29, Class AM,      
5.339%, 11/15/2048   2,000,000 2,006,326
Series 2006-C29, Class AJ,      
5.368%, 11/15/2048 (P)   3,235,000 2,966,894
WaMu Commercial Mortgage      
Securities Trust, Series 2007-SL3,      
Class A      
5.940%, 03/23/2045 (P)(S)   2,121,844 2,053,712
WaMu Mortgage Pass      
Through Certificates      
Series 2005-AR6, Class B1,      
0.850%, 04/25/2045 (P)   4,105,362 666,904
Series 2005-AR13, Class B1,      
0.850%, 10/25/2045 (P)   3,674,197 652,820
Series 2005-AR19, Class B1,      
0.950%, 12/25/2045 (P)   2,156,652 400,913
Series 2006-AR4, Class 1A1B,      
1.252%, 05/25/2046 (P)   2,105,928 1,262,075
Series 2005-AR13, Class X IO,      
1.557%, 10/25/2045   48,549,380 2,429,411
Series 2005-AR8, Class X IO,      
1.755%, 07/25/2045   21,086,916 1,089,841
Series 2005-AR12, Class 1A2,      
2.725%, 10/25/2035 (P)   832,951 800,497
Washington Mutual Mortgage Pass-      
Through, Series 2005-1, Class 6A1      
6.500%, 03/25/2035   682,533 676,337
Wells Fargo Mortgage      
Backed Securities Trust      
Series 2005-AR5, Class 1A1,      
5.095%, 04/25/2035 (P)   1,186,495 1,133,922
Series 2006-AR15, Class A3,      
5.366%, 10/25/2036 (P)   2,562,511 725,383
WF-RBS Commercial Mortgage Trust,      
Series 2011-C2, Class B      
5.174%, 02/15/2044 (P)(S)   2,150,000 2,174,969
 
      263,428,284
 
U.S. GOVERNMENT AGENCY - 1.12%      
Federal Home Loan Mortgage Corp.      
Series K011, Class X1 IO,      
0.540%, 12/25/2048   58,703,340 1,500,000
Series 3630, Class BI IO,      
4.000%, 05/15/2027   1,691,126 186,686
Series 3623, Class LI IO,      
4.500%, 01/15/2025   2,639,261 289,480
Series 3794, Class PI IO,      
4.500%, 02/15/2038   3,176,129 536,218
Series 3581, Class IO,      
6.000%, 10/15/2039   2,619,084 521,876

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT AGENCY (continued)    
Federal Home Loan Mortgage Corp. (continued)    
Series T-41, Class 3A,      
7.222%, 07/25/2032 $ 136,743 $ 155,868
Federal National Mortgage Association      
Series 2010-14, Class AI IO,      
4.000%, 08/25/2027   5,206,105 569,369
Series 2010-36, Class BI IO,      
4.000%, 03/25/2028   5,166,280 590,090
Series 402, Class 4 IO,      
4.000%, 10/25/2039   7,074,748 1,612,164
Series 402, Class 3 IO,      
4.000%, 11/25/2039   3,880,116 911,107
Series 2009-109, Class IW IO,      
4.500%, 04/25/2038   3,964,470 665,853
Series 398, Class C3 IO,      
4.500%, 05/25/2039   5,155,183 1,100,854
Series 401, Class C2 IO,      
4.500%, 06/25/2039   3,450,983 747,779
Series 402, Class 7 IO,      
4.500%, 11/25/2039   6,158,057 1,408,644
Series 2009-47, Class EI IO,      
5.000%, 08/25/2019   3,439,458 400,758
Series 2009-50, Class GI IO,      
5.000%, 05/25/2039   6,480,189 1,168,898
Series 2009-78, Class IB IO,      
5.000%, 06/25/2039   9,243,837 1,645,628
Series 2001-50, Class BA,      
7.000%, 10/25/2041   41,623 45,677
Series 2002-W3, Class A5,      
7.500%, 11/25/2041   249,077 285,056
Government National Mortgage      
Association, Series 2010-78, Class AI      
IO      
4.500%, 04/20/2039   5,507,764 724,038
 
      15,066,043
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $282,847,005)   $ 278,494,327
 
ASSET BACKED SECURITIES - 3.98%    
Aegis Asset Backed Securities Trust,      
Series 2004-3, Class A1      
0.610%, 09/25/2034 (P)   1,128,017 1,016,923
Amresco Residential Securities Mortgage      
Loan Trust, Series 1998-1, Class A6      
6.510%, 08/25/2027   15,791 15,984
Anthracite, Ltd., Series 2002-CIBA,      
Class A      
0.702%, 05/24/2017 (P)(S)   1,577,477 1,530,152
Arbor Realty Mortgage Securities      
Series 2006-1A, Class C,      
0.903%, 01/26/2042 (P)(S)   1,260,000 315,000
Series 2006-1A, Class F,      
1.353%, 01/26/2042 (P)(S)   1,255,000 483,840
Argent Securities, Inc., Series 2004-W1,      
Class M3      
1.700%, 03/25/2034 (P)   383,488 142,145
Asset Backed Funding Certificates,      
Series 2005-HE1, Class M1      
0.670%, 03/25/2035 (P)   1,087,572 954,039
Bayview Financial Acquisition Trust,      
Series 2006-A, Class 2A3      
0.598%, 02/28/2041 (P)   1,511,618 1,305,194
Bravo Mortgage Asset Trust,      
Series 2006-1A, Class A2      
0.490%, 07/25/2036 (P)(S)   1,684,175 1,463,617

 

25

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
Capital Trust Re CDO, Ltd.,      
Series 2005-1A, Class E      
2.354%, 03/20/2050 (H)(P)(S) $ 834,000 $ 4,854
Carrington Mortgage Loan Trust      
Series 2006-NC4, Class A5,      
0.310%, 10/25/2036 (P)   667,700 537,874
Series 2005-OPT2, Class M2,      
0.700%, 05/25/2035 (P)   1,115,000 1,021,124
Cedarwoods Credit CDO, Ltd.,      
Series 2007-2A, Class B      
0.630%, 02/25/2052 (P)(S)   5,000,000 1,042,450
Centex Home Equity, Series 2005-A,      
Class M4      
1.050%, 01/25/2035 (P)   285,696 164,055
Centex Home Equity Loan Trust,      
Series 2004-D, Class AF4      
4.680%, 06/25/2032   780,000 771,998
ContiMortgage Home Equity Loan Trust,      
Series 1995-2, Class A-5      
8.100%, 08/15/2025   13,546 13,407
Countrywide Asset-Backed Certificates,      
Series 2006-3, Class 2A2      
0.430%, 06/25/2036 (P)   896,316 778,597
Credit-Based Asset Servicing      
and Securitization LLC      
Series 2005-CB2, Class M1,      
0.690%, 04/25/2036 (P)   2,008,031 1,880,794
Series 2006-MH1, Class B1,      
6.250%, 10/25/2036 (S)   2,560,000 1,664,716
Crest, Ltd.      
Series 2002-IGA, Class A,      
0.754%, 07/28/2017 (P)(S)   1,992,332 1,984,721
Series 2003-1A, Class B1,      
1.261%, 05/28/2038 (P)(S)   2,400,000 2,004,696
CW Capital Cobalt, Ltd.,      
Series 2005-1A, Class A1      
0.592%, 05/25/2045 (P)(S)   1,423,370 1,016,080
Dillon Read CMBS CDO, Ltd.,      
Series 2006-1A, Class A3      
1.010%, 12/05/2046 (H)(S)   5,025,000 0
Dominos Pizza Master Issuer LLC      
Series 2007-1, Class A2,      
5.261%, 04/25/2037 (S)   1,445,000 1,470,288
Series 2007-1, Class M1,      
7.629%, 04/25/2037 (S)   1,740,000 1,770,450
Equity One ABS, Inc.      
Series 2004-1, Class M2,      
5.115%, 04/25/2034   264,651 147,252
Series 2004-1, Class M3,      
5.260%, 04/25/2034   341,712 86,486
Fremont Home Loan Trust,      
Series 2005-1, Class M3      
0.760%, 06/25/2035 (P)   840,000 775,174
Hertz Vehicle Financing LLC,      
Series 2009-2A, Class A2      
5.290%, 03/25/2016 (S)   1,420,000 1,548,799
Highland Park CDO, Ltd.,      
Series 2006-1A, Class A2      
0.712%, 11/25/2051 (P)(S)   8,670,000 953,440
JER CDO      
Series 2006-2A, Class AFL,      
0.580%, 03/25/2045 (P)(S)   3,365,839 1,197,364
Series 2006-2A, Class FFL,      
1.750%, 03/25/2045 (H)(P)(S)   2,000,000 0

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
Leaf Capital Funding SPE A LLC      
Series 2010-A, Class B,      
5.255%, 12/15/2020 (P)(S) $ 425,000 $ 425,000
Series 2010-A, Class C,      
7.255%, 12/15/2020 (P)(S)   500,000 500,000
Series 2010-A, Class D,      
10.255%, 12/15/2020 (P)(S)   500,000 500,000
Series 2010-A, Class E1,      
14.755%, 12/15/2020 (P)(S)   450,000 450,000
Leaf II Receivables Funding LLC,      
Series 2011-1, Class A      
1.700%, 12/20/2018 (S)   1,458,484 1,420,135
LNR CDO, Ltd., Series 2006-1A,      
Class BFL      
0.798%, 05/28/2043 (H)(S)   3,300,000 0
Long Beach Mortgage Loan Trust,      
Series 2004-1, Class M3      
1.300%, 02/25/2034 (P)   405,148 349,571
Merrill Lynch Mortgage Investors, Inc.      
Series 2005-HE2, Class A2C,      
0.620%, 09/25/2036 (P)   1,700,000 1,532,023
Series 2005-WMC1, Class M1,      
0.750%, 09/25/2035 (P)   999,898 931,727
N-Star Real Estate CDO, Ltd.      
Series 2005-4A, Class A,      
0.598%, 07/27/2040 (P)(S)   2,765,579 2,448,837
Series 2006-8A, Class E,      
0.994%, 02/01/2041 (P)(S)   1,835,000 458,750
New Century Home Equity Loan Trust,      
Series 2005-1, Class M1      
0.700%, 03/25/2035 (P)   980,000 771,247
Novastar Home Equity Loan,      
Series 2004-4, Class M3      
1.330%, 03/25/2035 (P)   1,820,000 1,692,016
Option One Mortgage Loan Trust,      
Series 2004-1, Class M1      
1.150%, 01/25/2034 (P)   701,121 598,026
Park Place Securities, Inc.      
Series 2005-WCH1, Class M2,      
0.770%, 01/25/2036 (P)   2,275,000 2,153,071
Series 2004-WHQ2, Class M2,      
0.880%, 02/25/2035 (P)   2,355,000 2,136,027
Prima Capital, Ltd., Series 2006-CR1A,      
Class A1      
7.000%, 12/25/2048   2,874,839 2,726,612
RAIT Preferred Funding, Ltd.,      
Series 2007-2A, Class B      
1.050%, 06/25/2045 (P)(S)   1,500,000 455,310
Renaissance Home Equity Loan Trust      
Series 2005-2, Class AF3,      
4.499%, 08/25/2035   346,766 345,767
Series 2005-2, Class AF4,      
4.934%, 08/25/2035   310,000 260,063
Residential Asset      
Mortgage Products, Inc.      
Series 2004-RZ3, Class AI4,      
4.572%, 05/25/2033   195,685 181,539
Series 2004-RS9, Class AI-4,      
4.767%, 10/25/2032   248,541 221,141
Residential Asset Securities Corp.,      
Series 2005-KS4, Class M1      
0.660%, 05/25/2035 (P)   2,425,000 2,261,897
Structured Asset Securities Corp.,      
Series 2004-6XS, Class M1      
4.920%, 03/25/2034   607,663 429,838

 

26

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
ASSET BACKED SECURITIES (continued)    
Trapeza CDO LLC, Series 2007-12A,      
Class B      
0.863%, 04/06/2042 (P)(S) $ 3,042,916 $ 441,284
Wells Fargo Home Equity Trust,      
Series 2004-2, Class AI5      
4.890%, 05/25/2034   1,553,618 1,567,896
TOTAL ASSET BACKED SECURITIES (Cost $83,962,402) $ 53,319,290
 
COMMON STOCKS - 0.01%      
Consumer Discretionary - 0.01%      
Greektown Superholdings, Inc. (I)   821 73,126
Financials - 0.00%      
BTA Bank JSC (I)(S)   1,781 36,671
TOTAL COMMON STOCKS (Cost $135,472)   $ 109,797
 
PREFERRED SECURITIES - 0.53%      
Consumer Discretionary - 0.11%      
Greektown      
Superholdings, Inc., Series A (I)   16,024 $ 1,427,258
Consumer Staples - 0.14%      
Ocean Spray Cranberries, Inc.,      
Series A, 6.250% (S)   22,216 1,841,151
Energy - 0.07%      
Apache Corp., Series D, 6.000% (L)   13,414 950,516
Financials - 0.15%      
Bank of America Corp.,      
Series MER, 8.625%   25,000 659,500
Citigroup Capital XIII (7.875% to      
10/30/2015, then      
3 month LIBOR + 6.370%)   10,400 284,960
GMAC Capital Trust I (8.125% to      
02/15/2016, then      
3 month LIBOR + 5.785%)   42,340 1,079,670
 
      2,024,130
Telecommunication Services - 0.06%      
Telephone & Data Systems, Inc.,      
Series A, 7.600%   34,835 875,404
TOTAL PREFERRED SECURITIES (Cost $6,980,132)   $ 7,118,459
 
SECURITIES LENDING COLLATERAL - 0.92%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   1,228,342 12,291,894
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $12,291,902)     $ 12,291,894
 
SHORT-TERM INVESTMENTS - 0.26%    
Money Market Funds* - 0.26%      
State Street Institutional      
U.S. Government Money Market      
Fund, 0.0248% $ 3,469,664 $ 3,469,664
TOTAL SHORT-TERM INVESTMENTS (Cost $3,469,664) $ 3,469,664
Total Investments (Active Bond Trust)      
(Cost $1,310,976,317) - 99.28%     $ 1,331,545,456
Other assets and liabilities, net - 0.72%     9,661,668
TOTAL NET ASSETS - 100.00%     $ 1,341,207,124

 

All Cap Core Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 99.44%    
Consumer Discretionary - 12.27%    
Auto Components - 0.62%    
Autoliv, Inc. (L) 29,100 $ 2,160,093
Dana Holding Corp. (I) 11,400 198,246
Standard Motor Products, Inc. 7,200 99,576
 
    2,457,915
Distributors - 0.07%    
Core-Mark Holding Company, Inc. (I)(L) 8,300 274,315
Diversified Consumer Services - 0.15%    
Apollo Group, Inc., Class A (I) 9,600 400,416
Corinthian Colleges, Inc. (I)(L) 39,500 174,590
 
    575,006
Hotels, Restaurants & Leisure - 1.97%    
Brinker International, Inc. 6,400 161,920
Darden Restaurants, Inc. 23,200 1,139,816
International Speedway Corp., Class A 11,800 351,640
Marcus Corp. 5,600 61,040
Marriott International, Inc., Class A 6,700 238,386
McDonald’s Corp. 23,500 1,788,115
Starwood Hotels &    
Resorts Worldwide, Inc. (L) 34,300 1,993,516
Wynn Resorts, Ltd. 16,200 2,061,450
 
    7,795,883
Household Durables - 0.06%    
Blyth, Inc. 7,200 233,928
Leisure Equipment & Products - 0.11%    
Jakks Pacific, Inc. (I)(L) 22,200 429,570
Media - 4.13%    
Comcast Corp., Class A 261,700 6,469,224
Discovery    
Communications, Inc., Series A (I)(L) 21,500 857,850
Madison Square Garden, Inc., Class A (I) 2,000 53,980
The Walt Disney Company 162,500 7,002,125
Time Warner, Inc. 54,300 1,938,510
 
    16,321,689
Multiline Retail - 1.89%    
Dillard’s, Inc., Class A (L) 68,000 2,728,160
J.C. Penney Company, Inc. 37,100 1,332,261
Macy’s, Inc. 130,500 3,165,930
Tuesday Morning Corp. (I) 48,500 237,650
 
    7,464,001
Specialty Retail - 2.40%    
Home Depot, Inc. 134,900 4,999,394
Hot Topic, Inc. 70,100 399,570
Pep Boys - Manny, Moe & Jack (L) 5,700 72,447
Shoe Carnival, Inc. (I) 7,000 196,350
Stage Stores, Inc. 15,500 297,910
The Gap, Inc. 25,600 580,096
TJX Companies, Inc. 55,400 2,755,042
Williams-Sonoma, Inc. 4,400 178,200
 
    9,479,009
Textiles, Apparel & Luxury Goods - 0.87%    
Perry Ellis International, Inc. (I) 4,200 115,584
The Timberland Company, Class A (I) 9,300 383,997
VF Corp. (L) 29,600 2,916,488
 
    3,416,069
 
    48,447,385

 

27

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

All Cap Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Consumer Staples - 6.80%    
Beverages - 1.20%    
Coca-Cola Enterprises, Inc. 45,500 $ 1,242,150
Dr. Pepper Snapple Group, Inc. 11,700 434,772
Molson Coors Brewing Company 20,600 965,934
The Coca-Cola Company 31,700 2,103,295
 
    4,746,151
Food & Staples Retailing - 1.03%    
Casey’s General Stores, Inc. 3,900 152,100
Walgreen Company 52,400 2,103,336
Whole Foods Market, Inc. (L) 27,200 1,792,480
 
    4,047,916
Food Products - 2.04%    
Archer-Daniels-Midland Company 40,800 1,469,208
B&G Foods, Inc. 7,400 138,898
Hormel Foods Corp. 12,300 342,432
Smart Balance, Inc. (I) 41,900 192,321
The J.M. Smucker Company 19,100 1,363,549
Tyson Foods, Inc., Class A 237,700 4,561,463
 
    8,067,871
Household Products - 0.61%    
Central Garden & Pet Company, Class A (I) 14,200 130,782
Colgate-Palmolive Company 28,000 2,261,280
 
    2,392,062
Personal Products - 0.49%    
Elizabeth Arden, Inc. (I)(L) 5,100 153,051
The Estee Lauder    
Companies, Inc., Class A (L) 18,600 1,792,296
 
    1,945,347
Tobacco - 1.43%    
Lorillard, Inc. 28,000 2,660,280
Philip Morris International, Inc. 45,500 2,986,165
 
    5,646,445
    26,845,792
Energy - 13.14%    
Energy Equipment & Services - 2.03%    
Basic Energy Services, Inc. (I) 4,400 112,244
Helmerich & Payne, Inc. 19,000 1,305,110
Lufkin Industries, Inc. 2,400 224,328
McDermott International, Inc. (I) 22,500 571,275
Nabors Industries, Ltd. (I) 78,300 2,378,754
Oceaneering International, Inc. (I)(L) 900 80,505
Oil States International, Inc. (I) 4,477 340,879
Pioneer Drilling Company (I) 9,200 126,960
Rowan Companies, Inc. (I) 41,200 1,820,216
RPC, Inc. (L) 15,700 397,524
SEACOR Holdings, Inc. 7,300 674,958
 
    8,032,753
Oil, Gas & Consumable Fuels - 11.11%    
Chesapeake Energy Corp. 40,600 1,360,912
Chevron Corp. 98,600 10,592,598
ConocoPhillips 100,200 8,001,972
Exxon Mobil Corp. 174,500 14,680,685
Hess Corp. 32,700 2,786,367
Marathon Oil Corp. 42,600 2,271,006
Noble Energy, Inc. 6,300 608,895
Southwestern Energy Company (I) 40,600 1,744,582
Stone Energy Corp. (I)(L) 10,700 357,059
Valero Energy Corp. 46,800 1,395,576

 

All Cap Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
W&T Offshore, Inc. 3,200 $ 72,928
 
    43,872,580
 
    51,905,333
Financials - 16.19%    
Capital Markets - 1.19%    
American Capital, Ltd. (I) 135,400 1,340,460
BGC Partners, Inc., Class A 9,300 86,397
BlackRock, Inc. 12,500 2,512,625
Franklin Resources, Inc. 1,300 162,604
Invesco, Ltd. 23,900 610,884
 
    4,712,970
Commercial Banks - 3.59%    
Cathay General Bancorp (L) 15,300 260,865
Fifth Third Bancorp 158,700 2,202,756
KeyCorp 240,400 2,134,752
M&T Bank Corp. (L) 8,900 787,383
MB Financial, Inc. 4,200 88,032
Pinnacle Financial Partners, Inc. (I)(L) 7,000 115,780
Prosperity Bancshares, Inc. 1,300 55,601
Regions Financial Corp. 186,800 1,356,168
Signature Bank (I) 1,200 67,680
SunTrust Banks, Inc. 174,300 5,026,812
Susquehanna Bancshares, Inc. (L) 28,500 266,475
Synovus Financial Corp. 144,200 346,080
Texas Capital Bancshares, Inc. (I)(L) 2,600 67,574
Wells Fargo & Company 4,500 142,650
Wintrust Financial Corp. 4,000 147,000
Zions Bancorporation 48,300 1,113,798
 
    14,179,406
Consumer Finance - 0.42%    
Capital One Financial Corp. 31,600 1,641,936
Diversified Financial Services - 4.11%    
Bank of America Corp. 205,700 2,741,981
CME Group, Inc. 9,000 2,713,950
JPMorgan Chase & Company 207,014 9,543,345
PHH Corp. (I)(L) 48,400 1,053,668
The NASDAQ OMX Group, Inc. (I) 7,600 196,384
 
    16,249,328
Insurance - 3.55%    
Aflac, Inc. 6,800 358,904
Allied World Assurance    
Company Holdings, Ltd. 28,977 1,816,568
American National Insurance Company 1,500 118,755
Aspen Insurance Holdings, Ltd. (L) 8,000 220,480
Axis Capital Holdings, Ltd. 5,900 206,028
Chubb Corp. (L) 37,900 2,323,649
Endurance Specialty Holdings, Ltd. (L) 5,300 258,746
Everest Re Group, Ltd. 3,100 273,358
Fidelity National Financial, Inc., Class A 38,600 545,418
Hartford Financial Services Group, Inc. 9,700 261,221
Lincoln National Corp. 17,200 516,688
Markel Corp. (I) 300 124,335
Reinsurance Group of America, Inc. 14,700 922,866
Stewart Information Services Corp. 9,300 97,464
The Travelers Companies, Inc. 93,000 5,531,640
Validus Holdings, Ltd. 11,500 383,295
Wesco Financial Corp. 152 59,158
 
    14,018,573
Real Estate Investment Trusts - 2.82%    
American Capital Agency Corp. 18,100 527,434

 

28

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

All Cap Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
Ashford Hospitality Trust, Inc. (L) 71,600 $ 789,032
Capstead Mortage Corp. 6,200 79,236
CommonWealth 6,100 158,417
HCP, Inc. (L) 138,600 5,258,484
Hospitality Properties Trust (L) 38,100 882,015
Lexington Realty Trust (L) 16,700 156,145
Nationwide Health Properties, Inc. 1,800 76,554
Parkway Properties, Inc. 3,100 52,700
Piedmont Office Realty Trust, Inc., Class A 17,100 331,911
Post Properties, Inc. 4,100 160,925
Rayonier, Inc. 42,600 2,654,406
 
    11,127,259
Thrifts & Mortgage Finance - 0.51%    
Capitol Federal Financial, Inc. 21,900 246,813
Federal Agricultural    
Mortgage Corp., Class C (L) 9,100 173,901
People’s United Financial, Inc. (L) 126,600 1,592,628
 
    2,013,342
    63,942,814
Health Care - 11.79%    
Biotechnology - 3.02%    
Biogen Idec, Inc. (I) 73,200 5,372,148
Cephalon, Inc. (I)(L) 86,400 6,547,392
 
    11,919,540
Health Care Equipment & Supplies - 0.29%    
Hologic, Inc. (I) 28,200 626,040
Stryker Corp. 8,300 504,640
 
    1,130,680
Health Care Providers & Services - 5.20%    
Aetna, Inc. 8,300 310,669
AMERIGROUP Corp. (I)(L) 30,000 1,927,500
AmerisourceBergen Corp. 31,100 1,230,316
Cardinal Health, Inc. 101,900 4,191,147
CIGNA Corp. 26,400 1,168,992
Coventry Health Care, Inc. (I) 85,277 2,719,484
Health Net, Inc. (I) 22,900 748,830
Healthspring, Inc. (I) 6,600 246,642
Kindred Healthcare, Inc. (I)(L) 48,200 1,151,016
Magellan Health Services, Inc. (I) 4,700 230,676
Molina Healthcare, Inc. (I) 3,900 156,000
UnitedHealth Group, Inc. 139,600 6,309,920
Universal American Financial Corp. (L) 7,000 160,370
 
    20,551,562
Life Sciences Tools & Services - 0.38%    
Agilent Technologies, Inc. (I) 6,700 300,026
Life Technologies Corp. (I) 23,300 1,221,386
 
    1,521,412
Pharmaceuticals - 2.90%    
Eli Lilly & Company 108,900 3,830,013
Endo Pharmaceuticals Holdings, Inc. (I)(L) 23,600 900,576
Forest Laboratories, Inc. (I) 83,300 2,690,590
Medicis Pharmaceutical Corp., Class A (L) 10,300 330,012
Par Pharmaceutical Companies, Inc. (I) 37,200 1,156,176
The Medicines Company (I) 4,400 71,676
Viropharma, Inc. (I)(L) 124,500 2,477,550
 
    11,456,593
    46,579,787

 

All Cap Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Industrials - 10.10%    
Aerospace & Defense - 4.64%    
Ceradyne, Inc. (I) 16,400 $ 739,312
Ducommun, Inc. 5,600 133,840
General Dynamics Corp. 72,000 5,512,320
Honeywell International, Inc. 51,700 3,087,007
Huntington Ingalls Industries, Inc. (I) 11,865 492,404
Lockheed Martin Corp. (L) 27,800 2,235,120
Northrop Grumman Corp. 71,191 4,464,388
Raytheon Company 33,000 1,678,710
 
    18,343,101
Airlines - 0.25%    
Alaska Air Group, Inc. (I) 3,900 247,338
Skywest, Inc. 43,400 734,328
 
    981,666
Building Products - 0.02%    
Gibraltar Industries, Inc. (I) 6,200 73,966
Commercial Services & Supplies - 0.08%    
Consolidated Graphics, Inc. (I) 2,300 125,649
M&F Worldwide Corp. (I)(L) 7,400 185,888
 
    311,537
Construction & Engineering - 0.47%    
Dycom Industries, Inc. (I) 5,700 98,838
EMCOR Group, Inc. (I) 8,000 247,760
Great Lakes Dredge & Dock Corp. 19,300 147,259
Layne Christensen Company (I) 10,600 365,700
MasTec, Inc. (I) 4,700 97,760
Northwest Pipe Company (I)(L) 6,500 149,045
Tutor Perini Corp. 8,900 216,804
URS Corp. (I) 11,300 520,365
 
    1,843,531
Electrical Equipment - 0.01%    
EnerSys (I) 1,200 47,700
Industrial Conglomerates - 1.65%    
3M Company 7,000 654,500
Carlisle Companies, Inc. 12,500 556,875
General Electric Company 143,900 2,885,195
Seaboard Corp. 36 86,868
Tyco International, Ltd. 52,500 2,350,425
 
    6,533,863
Machinery - 1.61%    
Alamo Group, Inc. 3,500 96,075
Colfax Corp. (I) 2,000 45,900
Deere & Company 1,800 174,402
Dover Corp. 48,000 3,155,520
Eaton Corp. 34,400 1,907,136
NACCO Industries, Inc., Class A 1,000 110,670
Oshkosh Corp. (I) 9,900 350,262
Parker Hannifin Corp. 1,300 123,084
Titan International, Inc. 10,800 287,388
Watts Water Technologies, Inc., Class A 2,900 110,751
 
    6,361,188
Road & Rail - 0.71%    
AMERCO, Inc. (I) 700 67,900
Avis Budget Group, Inc. (I) 18,300 327,753
Union Pacific Corp. 24,500 2,409,085
 
    2,804,738
Trading Companies & Distributors - 0.66%    
Aircastle, Ltd. (L) 59,000 712,130
TAL International Group, Inc. 2,300 83,421

 

29

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

All Cap Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Trading Companies & Distributors (continued)    
WW Grainger, Inc. (L) 13,000 $ 1,789,840
    2,585,391
    39,886,681
Information Technology - 20.04%    
Communications Equipment - 0.66%    
Brocade Communications Systems, Inc. (I) 174,300 1,071,945
Comtech Telecommunications Corp. (L) 27,400 744,732
EchoStar Corp., Class A (I) 20,800 787,280
 
    2,603,957
Computers & Peripherals - 3.32%    
Apple, Inc. (I) 13,026 4,538,910
Dell, Inc. (I) 319,900 4,641,749
EMC Corp. (I) 28,800 764,640
Imation Corp. (I) 10,000 111,400
Lexmark International, Inc., Class A (I) 40,500 1,500,120
QLogic Corp. (I)(L) 83,300 1,545,215
 
    13,102,034
Electronic Equipment, Instruments & Components - 3.45%  
Anixter International, Inc. (L) 7,300 510,197
Arrow Electronics, Inc. (I) 22,844 956,707
AVX Corp. 18,500 275,835
Brightpoint, Inc. (I) 17,100 185,364
Corning, Inc. 253,300 5,225,579
Ingram Micro, Inc., Class A (I) 46,269 973,037
Molex, Inc. 15,100 379,312
Multi-Fineline Electronix, Inc. (I) 12,500 352,750
Tech Data Corp. (I) 70,106 3,565,591
Vishay Intertechnology, Inc. (I)(L) 67,600 1,199,224
 
    13,623,596
Internet Software & Services - 2.05%    
AOL, Inc. (I)(L) 81,200 1,585,836
Earthlink, Inc. 71,100 556,713
Google, Inc., Class A (I) 1,500 879,315
IAC/InterActiveCorp (I) 150,100 4,636,589
SAVVIS, Inc. (I) 11,600 430,244
 
    8,088,697
IT Services - 5.67%    
Automatic Data Processing, Inc. 31,900 1,636,789
CACI International, Inc., Class A (I)(L) 6,600 404,712
Computer Sciences Corp. 56,439 2,750,272
Fiserv, Inc. (I) 25,800 1,618,176
International Business Machines Corp. 62,055 10,119,309
Jack Henry & Associates, Inc. (L) 6,000 203,340
Visa, Inc., Class A 77,200 5,683,464
 
    22,416,062
Semiconductors & Semiconductor Equipment - 3.24%  
Analog Devices, Inc. 33,000 1,299,540
Applied Materials, Inc. 340,500 5,318,610
Intel Corp. 79,900 1,611,583
KLA-Tencor Corp. 38,500 1,823,745
Micron Technology, Inc. (I) 88,200 1,010,772
Photronics, Inc. (I) 64,300 576,771
SunPower Corp., Class A (I) 67,400 1,155,236
 
    12,796,257
Software - 1.65%    
CA, Inc. 47,100 1,138,878
Microsoft Corp. 125,107 3,172,714
Symantec Corp. (I) 116,400 2,158,056

 

All Cap Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Websense, Inc. (I) 2,200 $ 50,534
 
    6,520,182
 
    79,150,785
Materials - 3.37%    
Chemicals - 1.98%    
E.I. du Pont de Nemours & Company 79,000 4,342,630
Ferro Corp. (I) 20,100 333,459
Georgia Gulf Corp. (I) 9,400 347,800
Lubrizol Corp. 1,800 241,128
Minerals Technologies, Inc. 2,700 185,004
OM Group, Inc. (I)(L) 31,000 1,132,740
Rockwood Holdings, Inc. (I) 12,700 625,094
Stepan Company 1,600 116,000
TPC Group, Inc. (I) 1,400 40,418
W.R. Grace & Company (I) 6,100 233,569
Westlake Chemical Corp. (L) 4,000 224,800
 
    7,822,642
Containers & Packaging - 0.40%    
Boise, Inc. (L) 103,100 944,396
Rock-Tenn Company, Class A (L) 9,100 631,085
 
    1,575,481
Metals & Mining - 0.69%    
Alcoa, Inc. 30,700 541,855
Freeport-McMoRan Copper & Gold, Inc. 39,600 2,199,780
 
    2,741,635
Paper & Forest Products - 0.30%    
Clearwater Paper Corp. (I) 7,100 577,940
Domtar Corp. 4,100 376,298
KapStone Paper and Packaging Corp. (I) 12,400 212,908
 
    1,167,146
 
    13,306,904
Telecommunication Services - 2.35%    
Diversified Telecommunication Services - 2.01%    
Verizon Communications, Inc. 205,600 7,923,824
Wireless Telecommunication Services - 0.34%    
Telephone & Data Systems, Inc. 33,800 1,139,060
USA Mobility, Inc. 14,700 213,003
 
    1,352,063
 
    9,275,887
Utilities - 3.39%    
Electric Utilities - 1.42%    
Duke Energy Corp. 186,500 3,384,975
PNM Resources, Inc. (L) 12,900 192,468
PPL Corp. 80,300 2,031,590
 
    5,609,033
Independent Power Producers & Energy Traders - 0.98%  
GenOn Energy, Inc. (I) 97,500 371,475
NRG Energy, Inc. (I) 162,400 3,498,096
 
    3,869,571
Multi-Utilities - 0.99%    
Ameren Corp. 139,900 3,926,992
 
    13,405,596
TOTAL COMMON STOCKS (Cost $357,619,182) $ 392,746,964

 

30

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

All Cap Core Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
SECURITIES LENDING COLLATERAL - 10.11%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   3,988,393 $ 39,911,455
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $39,912,324)     $ 39,911,455
SHORT-TERM INVESTMENTS - 0.41%      
Money Market Funds* - 0.41%      
State Street Institutional Liquid Reserves      
Fund, 0.1855% $ 1,632,005 $ 1,632,005
TOTAL SHORT-TERM INVESTMENTS (Cost $1,632,005) $ 1,632,005
Total Investments (All Cap Core Trust)      
(Cost $399,163,511) - 109.96%     $ 434,290,424
Other assets and liabilities, net - (9.96%)     (39,344,045)
TOTAL NET ASSETS - 100.00%     $ 394,946,379
 
 
All Cap Value Trust      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 99.86%      
Consumer Discretionary - 9.51%      
Automobiles - 1.19%      
Ford Motor Company (I)   328,528 $ 4,898,352
Hotels, Restaurants & Leisure - 0.29%      
Carnival Corp.   23,200 889,952
Marriott International, Inc., Class A   8,176 290,902
 
      1,180,854
Household Durables - 1.02%      
Fortune Brands, Inc.   68,032 4,210,500
Media - 6.55%      
Omnicom Group, Inc.   218,131 10,701,507
The Interpublic Group of Companies, Inc.   659,500 8,289,915
The Walt Disney Company   64,751 2,790,121
Time Warner, Inc.   144,200 5,147,940
 
      26,929,483
Specialty Retail - 0.46%      
Penske Automotive Group, Inc. (I)   95,178 1,905,464
 
      39,124,653
Consumer Staples - 5.35%      
Beverages - 0.97%      
Diageo PLC, SADR   44,000 3,353,680
The Coca-Cola Company   9,543 633,178
 
      3,986,858
Food & Staples Retailing - 0.52%      
CVS Caremark Corp.   62,800 2,155,296
Food Products - 3.86%      
Archer-Daniels-Midland Company   225,934 8,135,883
Bunge, Ltd.   106,955 7,736,055
 
      15,871,938
      22,014,092
Energy - 19.43%      
Energy Equipment & Services - 3.40%      
Gulfmark Offshore, Inc., Class A (I)   24,330 1,082,928
Halliburton Company   118,359 5,899,013
Superior Energy Services, Inc. (I)   50,110 2,054,510

 

All Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy Equipment & Services (continued)    
Tidewater, Inc. 24,000 $ 1,436,400
Weatherford International, Ltd. (I) 154,500 3,491,700
 
    13,964,551
Oil, Gas & Consumable Fuels - 16.03%    
Anadarko Petroleum Corp. 100,200 8,208,384
Apache Corp. 20,990 2,748,011
Chevron Corp. 53,165 5,711,516
CONSOL Energy, Inc. 25,000 1,340,750
Devon Energy Corp. 50,300 4,616,031
El Paso Corp. 295,710 5,322,780
EQT Corp. (L) 74,239 3,704,526
Exxon Mobil Corp. 257,201 21,638,320
Forest Oil Corp. (I) 16,000 605,280
Imperial Oil, Ltd. 47,000 2,400,290
QEP Resources, Inc. 59,817 2,424,981
Range Resources Corp. 58,500 3,419,910
Southwestern Energy Company (I) 87,900 3,777,063
 
    65,917,842
 
    79,882,393
Financials - 20.76%    
Capital Markets - 8.63%    
Affiliated Managers Group, Inc. (I) 39,000 4,265,430
Invesco, Ltd. 132,726 3,392,477
Lazard, Ltd., Class A 165,900 6,898,122
LPL Investment Holdings, Inc. (I)(L) 86,900 3,111,889
State Street Corp. 201,444 9,052,893
The Charles Schwab Corp. 103,700 1,869,711
The Goldman Sachs Group, Inc. 43,600 6,909,292
 
    35,499,814
Commercial Banks - 7.18%    
City National Corp. 65,536 3,738,829
Commerce Bancshares, Inc. 47,036 1,902,136
Cullen/Frost Bankers, Inc. (L) 65,651 3,874,722
KeyCorp 211,577 1,878,804
PNC Financial Services Group, Inc. 102,100 6,431,279
Signature Bank (I) 36,500 2,058,600
TCF Financial Corp. (L) 220,964 3,504,489
Wells Fargo & Company 193,036 6,119,241
 
    29,508,100
Diversified Financial Services - 1.43%    
Citigroup, Inc. (I) 445,500 1,969,110
JPMorgan Chase & Company 85,224 3,928,826
 
    5,897,936
Insurance - 3.52%    
Aflac, Inc. 73,300 3,868,774
Berkshire Hathaway, Inc., Class B (I) 87,015 7,277,064
Marsh & McLennan Companies, Inc. 111,500 3,323,815
 
    14,469,653
 
    85,375,503
Health Care - 17.40%    
Biotechnology - 3.41%    
Amgen, Inc. (I) 143,949 7,694,074
Celgene Corp. (I) 82,700 4,757,731
Human Genome Sciences, Inc. (I)(L) 57,555 1,579,885
 
    14,031,690
Health Care Equipment & Supplies - 2.41%    
Kinetic Concepts, Inc. (I) 93,000 5,061,060
St. Jude Medical, Inc. 4,300 220,418
The Cooper Companies, Inc. 19,197 1,333,232

 

31

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

All Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Equipment & Supplies (continued)    
Zimmer Holdings, Inc. (I) 54,500 $ 3,298,885
    9,913,595
Health Care Providers & Services - 6.46%    
Express Scripts, Inc. (I) 92,300 5,132,803
HCA Holdings, Inc. (I) 73,348 2,484,297
Humana, Inc. (I) 88,688 6,202,839
McKesson Corp. 56,322 4,452,254
UnitedHealth Group, Inc. 182,800 8,262,560
 
    26,534,753
Life Sciences Tools & Services - 0.72%    
Thermo Fisher Scientific, Inc. (I) 53,466 2,970,036
Pharmaceuticals - 4.40%    
Teva Pharmaceutical Industries, Ltd., SADR 149,730 7,511,954
Warner Chilcott PLC, Class A 249,400 5,806,032
Watson Pharmaceuticals, Inc. (I) 85,048 4,763,538
 
    18,081,524
    71,531,598
Industrials - 11.23%    
Aerospace & Defense - 2.57%    
Rockwell Collins, Inc. 72,200 4,680,726
United Technologies Corp. 69,800 5,908,570
 
    10,589,296
Airlines - 0.78%    
Southwest Airlines Company 252,500 3,189,075
Industrial Conglomerates - 0.31%    
3M Company 13,600 1,271,600
Machinery - 7.18%    
Dover Corp. 62,000 4,075,880
Eaton Corp. 73,978 4,101,340
EnPro Industries, Inc. (I)(L) 7,434 270,003
Kennametal, Inc. 67,082 2,616,198
Pall Corp. 71,980 4,146,768
Parker Hannifin Corp. 37,905 3,588,845
Robbins & Myers, Inc. 27,629 1,270,658
Trinity Industries, Inc. (L) 153,960 5,645,713
WABCO Holdings, Inc. (I) 61,500 3,790,860
 
    29,506,265
Road & Rail - 0.39%    
Kansas City Southern (I) 29,655 1,614,715
 
    46,170,951
Information Technology - 10.10%    
Computers & Peripherals - 0.27%    
EMC Corp. (I) 41,714 1,107,507
Electronic Equipment, Instruments & Components - 1.25%  
Corning, Inc. 250,400 5,165,752
IT Services - 4.36%    
Accenture PLC, Class A 79,027 4,344,114
Fiserv, Inc. (I) 23,700 1,486,464
MasterCard, Inc., Class A 18,409 4,633,913
The Western Union Company 176,827 3,672,697
VeriFone Systems, Inc. (I)(L) 68,894 3,785,725
 
    17,922,913
Semiconductors & Semiconductor Equipment - 1.97%  
Intel Corp. 238,700 4,814,579
Texas Instruments, Inc. 94,700 3,272,832
 
    8,087,411

 

All Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software - 2.25%    
Adobe Systems, Inc. (I) 155,706 $ 5,163,211
Intuit, Inc. (I) 47,100 2,501,010
Microsoft Corp. 63,300 1,605,288
 
    9,269,509
 
    41,553,092
Materials - 4.97%    
Chemicals - 2.02%    
Air Products & Chemicals, Inc. 54,526 4,917,155
LyondellBasell Industries, Class A (I) 86,000 3,401,300
 
    8,318,455
Metals & Mining - 2.95%    
Agnico Eagle Mines, Ltd. 29,137 1,933,240
Barrick Gold Corp. 108,423 5,628,240
Reliance Steel & Aluminum Company 78,877 4,557,513
 
    12,118,993
 
    20,437,448
Utilities - 1.11%    
Electric Utilities - 1.11%    
Nextera Energy, Inc. 82,720 4,559,526
TOTAL COMMON STOCKS (Cost $339,586,563) $ 410,649,256
 
SECURITIES LENDING COLLATERAL - 3.60%  
John Hancock Collateral    
Investment Trust, 0.2867% (W)(Y) 1,477,621 14,786,406
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $14,786,810) $ 14,786,406
Total Investments (All Cap Value Trust)    
(Cost $354,373,373) - 103.46% $ 425,435,662
Other assets and liabilities, net - (3.46%)   (14,224,404)
 
TOTAL NET ASSETS - 100.00% $ 411,211,258
 
 
 
Alpha Opportunities Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 96.67%    
Consumer Discretionary - 15.76%    
Auto Components - 1.36%    
Dana Holding Corp. (I) 56,050 $ 974,710
Johnson Controls, Inc. 34,680 1,441,648
Modine Manufacturing Company (I) 363,509 5,867,035
SAF-Holland SA (I) 65,207 713,054
Stoneridge, Inc. (I) 94,230 1,377,643
Tenneco, Inc. (I)(L) 62,090 2,635,721
Automobiles - 0.52%    
Astra International Tbk PT 62,500 408,430
Dongfeng Motor Group Company, Ltd. 384,000 657,716
Fiat SpA 148,753 1,347,941
Ford Motor Company (I) 119,800 1,786,218
Hyundai Motor Company, Ltd. (I) 4,462 828,196
Distributors - 0.03%    
Jardine Cycle and Carriage, Ltd. 10,000 289,638
Diversified Consumer Services - 1.03%    
Coinstar, Inc. (I)(L) 40,070 1,840,014
DeVry, Inc. 45,360 2,497,975

 

32

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Diversified Consumer Services (continued)    
Estacio Participacoes SA 111,000 $ 1,801,672
ITT Educational Services, Inc. (I)(L) 8,700 627,705
Strayer Education, Inc. (L) 7,250 946,053
Weight Watchers International, Inc. 31,200 2,187,120
Hotels, Restaurants & Leisure - 0.49%    
Chipotle Mexican Grill, Inc. (I) 1,900 517,503
Genting Singapore PLC (I) 377,000 611,870
McDonald’s Corp. 22,370 1,702,133
Starbucks Corp. 24,000 886,800
Wynn Macau, Ltd. 131,600 366,952
Wynn Resorts, Ltd. 4,700 598,075
Household Durables - 1.90%    
Lennar Corp., Class A (L) 100,030 1,812,544
PDG Realty SA Empreendimentos    
e Participacoes 96,620 542,088
Pulte Group, Inc. (I)(L) 343,300 2,540,420
SodasStream International, Ltd. (I)(L) 18,380 805,228
Stanley Black & Decker, Inc. 55,302 4,236,133
Tempur-Pedic International, Inc. (I)(L) 163,560 8,285,950
Internet & Catalog Retail - 0.70%    
Amazon.com, Inc. (I) 14,700 2,647,911
Dena Company, Ltd. 14,900 538,284
Netflix, Inc. (I) 8,400 1,993,572
priceline.com, Inc. (I) 3,090 1,564,900
Leisure Equipment & Products - 1.78%    
Brunswick Corp. (L) 439,286 11,171,043
Mattel, Inc. 238,621 5,948,822
Media - 2.07%    
CBS Corp., Class B 45,600 1,141,824
Comcast Corp., Class A 271,924 6,721,961
Comcast Corp., Special Class A 168,120 3,903,746
DIRECTV, Class A (I) 16,510 772,668
Sirius XM Radio, Inc. (I)(L) 241,200 400,392
The Interpublic Group of Companies, Inc. 42,400 532,968
The Walt Disney Company 148,700 6,407,483
Multiline Retail - 0.87%    
Maoye International Holdings, Ltd. 980,090 422,658
Nordstrom, Inc. 17,350 778,668
Target Corp. 143,609 7,181,886
Specialty Retail - 3.67%    
Advance Auto Parts, Inc. (L) 15,300 1,003,986
Belle International Holdings, Ltd. 102,000 188,041
Home Depot, Inc. 109,886 4,072,375
Lowe’s Companies, Inc. 550,523 14,550,323
Ross Stores, Inc. 53,600 3,812,032
Staples, Inc. 403,951 7,844,728
Talbots, Inc. (I)(L) 365,730 2,209,009
Ulta Salon, Cosmetics & Fragrance, Inc. (I) 31,320 1,507,432
Textiles, Apparel & Luxury Goods - 1.34%    
Fossil, Inc. (I) 19,370 1,814,001
Hanesbrands, Inc. (I) 292,626 7,912,607
Lululemon Athletica, Inc. (I)(L) 35,510 3,162,166
Consumer Staples - 7.34%    
Beverages - 1.18%    
Anheuser-Busch InBev NV 20,125 1,147,967
PepsiCo, Inc. 158,251 10,192,947
Food & Staples Retailing - 1.56%    
CVS Caremark Corp. 155,886 5,350,008
Sysco Corp. 333,091 9,226,621
X5 Retail Group NV, GDR (I) 9,129 384,787

 

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products - 3.55%    
Asian Bamboo AG (L) 23,056 $ 1,134,014
China Agri-Industries Holdings, Ltd. 1,517,112 1,705,550
China Green Holdings, Ltd. (L) 2,340,350 1,800,407
China Minzhong Food Corp. Ltd. (I) 806,960 1,044,018
General Mills, Inc. 59,236 2,165,076
Golden Agri-Resources, Ltd. 972,000 530,824
Green Mountain Coffee Roasters, Inc. (I)(L) 306,361 19,793,984
Kraft Foods, Inc., Class A 118,400 3,713,024
PureCircle, Ltd. (I)(L) 937,269 1,663,934
Tyson Foods, Inc., Class A 25,400 487,426
Household Products - 0.71%    
Colgate-Palmolive Company 84,666 6,837,626
Tobacco - 0.34%    
Philip Morris International, Inc. 50,180 3,293,313
Energy - 11.51%    
Energy Equipment & Services - 0.90%    
Cameron International Corp. (I) 5,900 336,890
Ensco International PLC, ADR (L) 60,220 3,483,125
Hornbeck Offshore Services, Inc. (I) 18,320 565,172
Noble Corp. 11,500 524,630
Sevan Marine ASA (I) 1,704,113 1,865,164
Tidewater, Inc. 31,160 1,864,926
Oil, Gas & Consumable Fuels - 10.61%    
Alpha Natural Resources, Inc. (I)(L) 96,027 5,701,123
Anadarko Petroleum Corp. 171,513 14,050,345
BG Group PLC 183,729 4,564,230
BP PLC, SADR 12,900 569,406
Bumi Resources Tbk PT 7,772,998 2,984,396
Cabot Oil & Gas Corp. 40,100 2,124,097
Canadian Natural Resources, Ltd. 21,015 1,038,771
Cheniere Energy, Inc. (I)(L) 83,240 774,964
Chesapeake Energy Corp. 182,730 6,125,110
Chevron Corp. 35,890 3,855,663
Cobalt International Energy, Inc. (I)(L) 119,685 2,011,905
ConocoPhillips 26,930 2,150,630
CONSOL Energy, Inc. 41,950 2,249,779
Denbury Resources, Inc. (I) 23,300 568,520
EOG Resources, Inc. 26,290 3,115,628
Exxon Mobil Corp. 54,830 4,612,848
Gazprom OAO, SADR 189,945 6,142,821
Imperial Oil, Ltd. (L) 50,730 2,592,227
Inpex Corp. 140 1,053,171
James River Coal Company (I) 67,110 1,622,049
Karoon Gas Australia, Ltd. (I) 343,617 2,542,475
Occidental Petroleum Corp. 28,321 2,959,261
OGX Petroleo e Gas Participacoes SA (I) 39,600 476,612
Paladin Resources, Ltd. (I) 259,520 969,798
Peabody Energy Corp. 38,100 2,741,676
Petroleo Brasileiro SA, ADR 149,013 6,024,596
Rosetta Resources, Inc. (I)(L) 37,500 1,782,750
Royal Dutch Shell PLC, ADR, Class B (L) 41,710 3,054,840
StatoilHydro ASA, SADR (L) 100,560 2,779,478
Ultra Petroleum Corp. (I)(L) 131,522 6,477,459
Uranium One, Inc. (L) 135,590 531,451
Valero Energy Corp. 36,100 1,076,502
Venoco, Inc. (I) 81,330 1,389,930
Whiting Petroleum Corp. (I) 15,600 1,145,820
Financials - 12.04%    
Capital Markets - 2.76%    
Ameriprise Financial, Inc. 58,260 3,558,521
BlackRock, Inc. 25,060 5,037,311
Credit Suisse Group AG 17,256 733,297

 

33

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Capital Markets (continued)    
Credit Suisse Group AG, SADR (I)(L) 37,020 $ 1,576,312
Invesco, Ltd. 110,150 2,815,434
TD Ameritrade Holding Corp. 104,270 2,176,115
The Goldman Sachs Group, Inc. 7,900 1,251,913
UBS AG (I) 395,905 7,146,085
UBS AG (Swiss Exchange) (I) 121,110 2,173,900
Commercial Banks - 3.46%    
Banco Bradesco SA, ADR (L) 27,400 568,550
Barclays PLC 600,321 2,693,071
Mitsubishi UFJ Financial Group 254,400 1,174,436
PNC Financial Services Group, Inc. 48,674 3,065,975
U.S. Bancorp 91,670 2,422,838
UCO Bank 263,380 631,778
Wells Fargo & Company 714,592 22,652,566
Consumer Finance - 0.18%    
Acom Company, Ltd. (I)(L) 131,470 1,765,472
Diversified Financial Services - 2.35%    
Bank of America Corp. 188,451 2,512,052
Great American Group, Inc. (I) 392,600 117,780
ING Groep NV (I) 159,784 2,028,015
JPMorgan Chase & Company 252,973 11,662,055
Justice Holdings, Ltd. (I) 248,263 3,932,850
PHH Corp. (I)(L) 107,650 2,343,541
Insurance - 2.65%    
ACE, Ltd. 102,465 6,629,486
Ageas 857,952 2,443,603
Assured Guaranty, Ltd. 42,800 637,720
Brasil Insurance Participacoes    
e Administracao SA (I) 100 110,250
Fidelity National Financial, Inc., Class A 138,530 1,957,429
Genworth Financial, Inc., Class A (I)(L) 62,990 847,845
Hartford Financial Services Group, Inc. 23,100 622,083
Marsh & McLennan Companies, Inc. 164,030 4,889,734
MetLife, Inc. 18,800 840,924
Principal Financial Group, Inc. (L) 75,360 2,419,810
Unum Group 153,488 4,029,060
Real Estate Investment Trusts - 0.23%    
Weyerhaeuser Company (L) 90,560 2,227,776
Real Estate Management & Development - 0.08%    
City Developments, Ltd. 39,000 357,073
Wheelock and Company, Ltd. 102,000 383,237
Thrifts & Mortgage Finance - 0.33%    
MGIC Investment Corp. (I)(L) 117,334 1,043,099
Radian Group, Inc. (L) 305,420 2,079,910
Health Care - 10.95%    
Biotechnology - 0.79%    
Celgene Corp. (I) 57,180 3,289,565
Gilead Sciences, Inc. (I) 23,100 980,364
Momenta Pharmaceuticals, Inc. (I)(L) 40,410 640,499
Novavax, Inc. (I)(L) 1,038,380 2,689,404
Health Care Equipment & Supplies - 3.15%    
Covidien PLC 17,200 893,368
Edwards Lifesciences Corp. (I) 91,720 7,979,640
Gen-Probe, Inc. (I) 98,000 6,502,300
Hologic, Inc. (I) 300,500 6,671,100
Medtronic, Inc. 176,753 6,955,231
Zoll Medical Corp. (I)(L) 28,700 1,286,047
Health Care Providers & Services - 2.66%    
CIGNA Corp. 136,210 6,031,379
Express Scripts, Inc. (I) 118,100 6,567,541
UnitedHealth Group, Inc. 285,193 12,890,724

 

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Technology - 0.49%    
SXC Health Solutions Corp. (I) 86,080 $ 4,717,184
Life Sciences Tools & Services - 1.20%    
Agilent Technologies, Inc. (I) 108,100 4,840,718
Pharmaceutical Product Development, Inc. 208,260 5,770,885
Thermo Fisher Scientific, Inc. (I) 15,800 877,690
Pharmaceuticals - 2.66%    
Elan Corp. PLC (I) 317,193 2,182,288
Johnson & Johnson 51,410 3,046,043
Merck & Company, Inc. 136,210 4,496,292
Pfizer, Inc. 639,986 12,998,116
Teva Pharmaceutical Industries, Ltd., SADR 9,100 456,547
UCB SA 61,734 2,345,975
Industrials - 11.37%    
Aerospace & Defense - 3.25%    
BE Aerospace, Inc. (I) 67,310 2,391,524
DigitalGlobe, Inc. (I) 110,800 3,105,724
Esterline Technologies Corp. (I) 14,200 1,004,224
General Dynamics Corp. 98,453 7,537,562
Goodrich Corp. 14,150 1,210,250
Honeywell International, Inc. 23,240 1,387,660
Huntington Ingalls Industries, Inc. (I) 16,604 689,073
Northrop Grumman Corp. 99,625 6,247,484
Precision Castparts Corp. 9,100 1,339,338
Raytheon Company 11,950 607,897
Safran SA 73,576 2,604,615
The Boeing Company 5,700 421,401
TransDigm Group, Inc. (I) 20,320 1,703,426
Triumph Group, Inc. (L) 10,700 946,415
Air Freight & Logistics - 0.13%    
United Parcel Service, Inc., Class B 16,800 1,248,576
Airlines - 1.02%    
AirAsia BHD (I) 3,252,651 2,878,886
Cathay Pacific Airways, Ltd. 479,900 1,146,763
Copa Holdings SA, Class A 23,570 1,244,496
Delta Air Lines, Inc. (I) 260,921 2,557,026
United Continental Holdings, Inc. (I)(L) 86,150 1,980,589
Building Products - 0.13%    
Assa Abloy AB, Series B 21,256 611,094
JS Group Corp. 23,840 619,072
Commercial Services & Supplies - 0.60%    
Corrections Corp. of America (I) 54,090 1,319,796
Sykes Enterprises, Inc. (I) 78,660 1,555,108
The Geo Group, Inc. (I) 55,315 1,418,277
Waste Management, Inc. 39,315 1,468,022
Construction & Engineering - 0.75%    
Aecom Technology Corp. (I) 209,090 5,798,066
Fluor Corp. 10,570 778,586
Skanska AB, Series B (L) 30,188 635,523
Industrial Conglomerates - 0.90%    
3M Company 45,592 4,262,852
General Electric Company 59,400 1,190,970
Tyco International, Ltd. 70,430 3,153,151
Machinery - 2.96%    
Chart Industries, Inc. (I) 40,980 2,255,539
Fiat Industrial SpA (I) 156,686 2,247,076
Flowserve Corp. 7,150 920,920
Hexagon AB 15,626 372,825
Hyundai Heavy Industries Company, Ltd. 799 376,737
Illinois Tool Works, Inc. 69,200 3,717,424
Joy Global, Inc. (L) 7,300 721,313
Meritor, Inc. (I)(L) 354,086 6,008,839

 

34

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Navistar International Corp. (I) 79,893 $ 5,538,982
Pall Corp. 12,700 731,647
SKF AB, B Shares 11,030 321,236
Tata Motors, Ltd., SADR (L) 22,890 636,113
United Tractors Tbk PT 94,500 235,614
Volvo AB, Series B (L) 87,538 1,538,117
Wabash National Corp. (I)(L) 106,210 1,229,912
WABCO Holdings, Inc. (I) 22,550 1,389,982
Weichai Power Compnay, Ltd. 29,000 176,209
Road & Rail - 1.09%    
Avis Budget Group, Inc. (I)(L) 113,580 2,034,218
Con-way, Inc. (L) 44,380 1,743,690
Hertz Global Holdings, Inc. (I) 56,600 884,658
J.B. Hunt Transport Services, Inc. 59,410 2,698,402
Swift Transporation Company (I) 126,200 1,855,140
Union Pacific Corp. 12,300 1,209,459
Trading Companies & Distributors - 0.54%    
United Rentals, Inc. (I)(L) 134,998 4,492,733
WESCO International, Inc. (I)(L) 11,700 731,250
Information Technology - 17.97%    
Communications Equipment - 3.96%    
Acme Packet, Inc. (I)(L) 48,560 3,445,818
ADTRAN, Inc. 118,670 5,038,728
Alcatel-Lucent, SADR (I)(L) 440,400 2,558,724
Aruba Networks, Inc. (I) 51,600 1,746,144
Cisco Systems, Inc. 198,860 3,410,449
F5 Networks, Inc. (I) 8,490 870,819
Finisar Corp. (I) 49,500 1,217,700
HUGHES Telematics, Inc. (I)(L) 21,300 85,200
JDS Uniphase Corp. (I) 78,990 1,646,152
Juniper Networks, Inc. (I) 32,560 1,370,125
Nokia OYJ, SADR (I) 162,300 1,381,173
Polycom, Inc. (I) 173,075 8,973,939
QUALCOMM, Inc. 77,280 4,237,262
Research In Motion, Ltd. (I) 24,520 1,387,096
ZTE Corp., Class H 124,400 581,150
Computers & Peripherals - 2.61%    
Apple, Inc. (I) 41,240 14,370,078
EMC Corp. (I) 351,070 9,320,909
HTC Corp. 35,650 1,395,035
Electronic Equipment, Instruments & Components - 0.41%  
Hon Hai Precision Industry Company, Ltd. 195,020 683,444
Jabil Circuit, Inc. 157,180 3,211,187
Internet Software & Services - 1.89%    
Baidu, Inc., SADR (I) 5,700 785,517
E-Access, Ltd. (L) 992 545,016
eBay, Inc. (I) 337,490 10,475,690
Google, Inc., Class A (I) 2,050 1,201,731
KIT Digital, Inc. (I)(L) 216,420 2,605,697
Netease.com, Inc., ADR (I)(L) 15,800 782,258
Quepasa Corpquepasa Corp. (I)(L) 47,880 284,407
Support.com, Inc. (I) 170,690 885,881
Tencent Holdings, Ltd. 25,000 607,435
IT Services - 2.23%    
Automatic Data Processing, Inc. 104,665 5,370,361
Gartner, Inc. (I)(L) 57,800 2,408,526
Teradata Corp. (I) 39,070 1,980,849
The Western Union Company 561,531 11,662,999
Semiconductors & Semiconductor Equipment - 4.93%  
Altera Corp. 66,230 2,915,445
Analog Devices, Inc. 74,860 2,947,987
ARM Holdings PLC 266,469 2,483,661

 

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
ASML Holding NV -New York    
Registered Shares (I)(L) 12,100 $ 538,450
Atmel Corp. (I) 94,230 1,284,355
Avago Technologies, Ltd. 39,200 1,219,120
Broadcom Corp., Class A (I) 183,980 7,245,132
Cavium Networks, Inc. (I)(L) 90,160 4,050,889
Cirrus Logic, Inc. (I)(L) 73,320 1,541,920
Cree, Inc. (I)(L) 62,960 2,906,234
GT Solar International, Inc. (I)(L) 240,350 2,562,131
Intel Corp. 59,990 1,209,998
Lam Research Corp. (I) 11,600 657,256
Maxim Integrated Products, Inc. 91,570 2,344,192
Micron Technology, Inc. (I) 81,922 938,826
Microsemi Corp. (I) 2,200 45,562
MIPS Technologies, Inc. (I)(L) 30,350 318,372
NXP Semiconductor NV (I) 54,500 1,635,000
Samsung Electronics Company, Ltd. 1,619 1,373,527
Skyworks Solutions, Inc. (I)(L) 203,930 6,611,411
Ultratech, Inc. (I) 32,090 943,446
Xilinx, Inc. (L) 48,010 1,574,728
Software - 1.94%    
Ariba, Inc. (I)(L) 59,440 2,029,282
BMC Software, Inc. (I) 12,400 616,776
BroadSoft, Inc. (I) 19,987 953,180
Citrix Systems, Inc. (I) 10,300 756,638
Glu Mobile Inc. (I)(L) 119,520 517,522
Microsoft Corp. 61,487 1,559,310
Rovi Corp. (I) 35,770 1,919,061
Salesforce.com, Inc. (I) 5,600 748,048
SuccessFactors, Inc. (I)(L) 49,120 1,920,101
TIBCO Software, Inc. (I) 157,300 4,286,425
TiVo, Inc. (I)(L) 119,820 1,049,623
VMware, Inc., Class A (I) 27,610 2,251,319
Materials - 8.97%    
Chemicals - 3.09%    
Agrium, Inc. 11,700 1,079,442
CF Industries Holdings, Inc. 49,380 6,754,690
Huabao International Holdings, Ltd. 946,000 1,460,808
Incitec Pivot, Ltd. 580,417 2,594,576
Methanex Corp. 92,451 2,887,245
Monsanto Company 53,040 3,832,670
Potash Corp. of Saskatchewan, Inc. 11,000 648,230
PTT Chemical PCL 116,740 571,252
Sociedad Quimica y Minera de    
Chile SA, ADR (L) 15,980 883,055
The Mosaic Company 114,010 8,978,288
Construction Materials - 0.10%    
Anhui Conch Cement Company, Ltd. 158,000 993,940
Containers & Packaging - 0.88%    
Owens-Illinois, Inc. (I) 278,420 8,405,500
Metals & Mining - 4.36%    
Agnico Eagle Mines, Ltd. 20,700 1,373,445
Allegheny Technologies, Inc. (L) 18,200 1,232,504
Allied Nevada Gold Corp. (I)(L) 42,660 1,513,577
AngloGold Ashanti, Ltd. (L) 57,950 2,778,703
Barrick Gold Corp. 26,300 1,365,233
CGA Mining, Ltd. (I) 384,271 1,197,007
China Metal Recycling Holdings, Ltd. 791,980 949,818
Cliffs Natural Resources, Inc. 7,900 776,412
Compania de Minas    
Buenaventura SA, ADR (L) 15,100 648,847
Detour Gold Corp. (I) 74,090 2,343,063
Freeport-McMoRan Copper & Gold, Inc. 13,890 771,590

 

35

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)      
Metals & Mining (continued)      
Goldcorp, Inc.   63,750 $ 3,174,750
IAMGOLD Corp.   122,080 2,688,202
Ivanhoe Mines, Ltd. (I)   40,000 1,097,060
Kumba Iron Ore, Ltd.   5,319 375,335
Lynas Corp., Ltd. (I)   425,083 986,784
Lynas Corp., Ltd. (Australian exhange) (I)   50,700 108,554
Medusa Mining, Ltd.   202,546 1,471,542
Molycorp, Inc. (I)(L)   24,240 1,454,885
Mongolian Mining Corp. (I)   446,760 570,050
Nucor Corp.   41,180 1,895,104
Perseus Mining, Ltd. (I)   296,238 946,968
Rare Element Resources, Ltd. (I)(L)   63,490 836,163
Rio Tinto PLC   19,539 1,378,633
Rio Tinto PLC, SADR (L)   15,500 1,102,360
Romarco Minerals, Inc. (I)   428,850 981,998
Silver Wheaton Corp.   51,830 2,247,349
Sumitomo Metal Industries, Ltd.   496,000 1,109,113
United States Steel Corp.   10,900 587,946
Vallar PLC (I)   84,183 1,693,772
Walter Energy, Inc.   6,000 812,580
Xstrata PLC   58,379 1,363,099
Paper & Forest Products - 0.54%      
Louisiana-Pacific Corp. (I)(L)   173,520 1,821,960
Norbord, Inc. (I)   127,800 1,983,899
Sino-Forest Corp. (I)   54,130 1,412,572
Telecommunication Services - 0.43%      
Diversified Telecommunication Services - 0.26%      
AT&T, Inc.   82,830 2,534,586
Wireless Telecommunication Services - 0.17%      
Softbank Corp.   14,500 573,316
Sprint Nextel Corp. (I)   216,049 1,002,467
Utilities - 0.33%      
Gas Utilities - 0.33%      
UGI Corp.   95,780 3,151,162
TOTAL COMMON STOCKS (Cost $812,267,810)   $ 927,995,252
 
INVESTMENT COMPANIES - 0.30%      
Investment Companies - 0.30%      
SPDR S&P Midcap 400 ETF Trust (L)   16,200 2,908,710
TOTAL INVESTMENT COMPANIES (Cost $2,097,436) $ 2,908,710
 
SECURITIES LENDING COLLATERAL - 14.32%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y) 13,736,061 137,455,384
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $137,460,371)   $ 137,455,384

 

Alpha Opportunities Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
SHORT-TERM INVESTMENTS - 2.58%      
Repurchase Agreement - 2.58%      
Bank of New York Tri-Party Repurchase      
Agreement dated 03/31/2011 at 0.150% to      
be repurchased at $24,800,103 on      
04/01/2011, collateralized by $23,792,612      
Federal Home Loan Mortgage Corp.,      
3.500% due 11/01/2025 (valued at      
$23,861,754, including interest) and      
$1,430,091 Federal Home Loan      
Mortgage Corp., 3.500% due 01/01/2026      
(valued at $1,434,246, including interest) $ 24,800,000 $ 24,800,000
TOTAL SHORT-TERM INVESTMENTS (Cost $24,800,000) $ 24,800,000
Total Investments (Alpha Opportunities Trust)      
(Cost $976,625,617) - 113.87%   $ 1,093,159,346
Other assets and liabilities, net - (13.87%)     (133,133,156)
 
TOTAL NET ASSETS - 100.00%   $ 960,026,190
 
 
 
American Asset Allocation Trust    
  Shares or    
  Principal    
  Amount   Value
 
 
INVESTMENT COMPANIES - 100.00%      
American Funds Insurance Series - 100.00%      
American Asset Allocation Fund - Class 1 107,149,986 $ 1,831,193,267
 
      1,831,193,267
TOTAL INVESTMENT COMPANIES (Cost $1,526,553,441) $ 1,831,193,267
Total Investments (American Asset Allocation Trust)    
(Cost $1,526,553,441) - 100.00%   $ 1,831,193,267
Other assets and liabilities, net - 0.00%     (68,282)
 
TOTAL NET ASSETS - 100.00%   $ 1,831,124,985
 
 
 
American Blue Chip Income and Growth Trust
  Shares or    
  Principal    
  Amount   Value
 
INVESTMENT COMPANIES - 100.01%      
American Funds Insurance Series - 100.01%      
American Blue Chip Income & Growth      
Fund - Class 1 29,831,059 $ 286,378,164
TOTAL INVESTMENT COMPANIES (Cost $246,740,411) $ 286,378,164
Total Investments (American Blue Chip Income and Growth    
Trust) (Cost $246,740,411) - 100.01%   $ 286,378,164
Other assets and liabilities, net - (0.01%)     (18,879)
 
TOTAL NET ASSETS - 100.00%   $ 286,359,285

 

36

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

American Bond Trust    
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.00%    
American Funds Insurance Series - 100.00%    
American Bond Fund - Class 1 90,480,330 $ 970,853,939
    970,853,939
TOTAL INVESTMENT COMPANIES (Cost $975,868,463) $ 970,853,939
Total Investments (American Bond Trust)    
(Cost $975,868,463) - 100.00%   $ 970,853,939
Other assets and liabilities, net - 0.00%   (42,817)
TOTAL NET ASSETS - 100.00%   $ 970,811,122
 
 
 
American Fundamental Holdings Trust  
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.00%    
American Funds Insurance Series - 100.00%    
American Bond Fund - Class 1 44,246,756 $ 474,767,692
American Growth Fund - Class 1 4,817,393 281,769,314
American Growth-Income Fund - Class 1 7,828,120 281,186,061
American International Fund - Class 1 8,479,915 157,556,819
TOTAL INVESTMENT COMPANIES (Cost $995,481,179) $ 1,195,279,886
Total Investments (American Fundamental Holdings Trust)  
(Cost $995,481,179) - 100.00%   $ 1,195,279,886
Other assets and liabilities, net - 0.00%   (47,691)
TOTAL NET ASSETS - 100.00%   $ 1,195,232,195
 
 
 
American Global Diversification Trust  
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.00%    
American Funds Insurance Series - 100.00%    
American Bond Fund - Class 1 22,599,058 $ 242,487,890
American Global Growth Fund - Class 1 16,059,849 363,755,588
American Global Small Capitalization    
Fund - Class 1 6,110,011 133,748,142
American High-Income Bond Fund - Class 1 5,866,638 68,170,329
American New World Fund - Class 1 3,698,794 87,365,519
 
    895,527,468
TOTAL INVESTMENT COMPANIES (Cost $781,460,283) $ 895,527,468
Total Investments (American Global Diversification Trust)  
(Cost $781,460,283) - 100.00%   $ 895,527,468
Other assets and liabilities, net - 0.00%   (36,341)
TOTAL NET ASSETS - 100.00%   $ 895,491,127

 

American Global Growth Trust  
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.01%    
American Funds Insurance Series - 100.01%    
American Global Growth Fund - Class 1 8,949,773 $ 202,712,347
 
    202,712,347
TOTAL INVESTMENT COMPANIES (Cost $198,168,884) $ 202,712,347
Total Investments (American Global Growth Trust)  
(Cost $198,168,884) - 100.01%   $ 202,712,347
Other assets and liabilities, net - (0.01%)   (13,674)
 
TOTAL NET ASSETS - 100.00%   $ 202,698,673
 
 
American Global Small Capitalization Trust
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.01%    
American Funds Insurance Series - 100.01%    
American Global Small Capitalization    
Fund - Class 1 4,956,139 $ 108,489,889
 
    108,489,889
TOTAL INVESTMENT COMPANIES (Cost $73,155,121) $ 108,489,889
Total Investments (American Global Small Capitalization  
Trust) (Cost $73,155,121) - 100.01%   $ 108,489,889
Other assets and liabilities, net - (0.01%)   (11,448)
 
TOTAL NET ASSETS - 100.00%   $ 108,478,441
 
 
American Growth Trust    
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.00%    
American Funds Insurance Series - 100.00%    
American Growth Fund - Class 1 23,231,472 $ 1,358,808,800
 
    1,358,808,800
TOTAL INVESTMENT COMPANIES (Cost $1,257,765,721) $ 1,358,808,800
Total Investments (American Growth Trust)    
(Cost $1,257,765,721) - 100.00%   $ 1,358,808,800
Other assets and liabilities, net - 0.00%   (53,734)
 
TOTAL NET ASSETS - 100.00%   $ 1,358,755,066

 

37

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

American Growth-Income Trust  
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.00%    
American Funds Insurance Series - 100.00%    
American Growth-Income Fund - Class 1 34,694,674 $ 1,246,232,683
    1,246,232,683
TOTAL INVESTMENT COMPANIES (Cost $1,159,675,953) $ 1,246,232,683
Total Investments (American Growth-Income Trust)  
(Cost $1,159,675,953) - 100.00%   $ 1,246,232,683
Other assets and liabilities, net - 0.00%   (52,985)
TOTAL NET ASSETS - 100.00%   $ 1,246,179,698
 
 
American High-Income Bond Trust  
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.01%    
American Funds Insurance Series - 100.01%    
American High-Income Bond Fund - Class 1 9,093,659 $ 105,668,312
    105,668,312
TOTAL INVESTMENT COMPANIES (Cost $94,096,739) $ 105,668,312
Total Investments (American High-Income Bond Trust)  
(Cost $94,096,739) - 100.01%   $ 105,668,312
Other assets and liabilities, net - (0.01%)   (10,597)
TOTAL NET ASSETS - 100.00%   $ 105,657,715
 
 
American International Trust    
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.00%    
American Funds Insurance Series - 100.00%    
American International Fund - Class 1 47,076,093 $ 874,673,807
    874,673,807
TOTAL INVESTMENT COMPANIES (Cost $886,148,710) $ 874,673,807
Total Investments (American International Trust)  
(Cost $886,148,710) - 100.00%   $ 874,673,807
Other assets and liabilities, net - 0.00%   (39,321)
TOTAL NET ASSETS - 100.00%   $ 874,634,486

 

American New World Trust    
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 100.01%    
American Funds Insurance Series - 100.01%    
American New World Fund - Class 1 4,253,543 $ 100,468,694
 
    100,468,694
TOTAL INVESTMENT COMPANIES (Cost $81,690,502) $ 100,468,694
Total Investments (American New World Trust)    
(Cost $81,690,502) - 100.01% $ 100,468,694
Other assets and liabilities, net - (0.01%)   (12,008)
 
TOTAL NET ASSETS - 100.00% $ 100,456,686
 
 
 
Balanced Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 66.82%    
Consumer Discretionary - 11.17%    
Auto Components - 0.39%    
Aisin Seiki Company, Ltd. 1,500 $ 52,080
Autoliv, Inc. 648 47,772
BorgWarner, Inc. (I) 490 39,048
Dorman Products, Inc. (I) 200 8,418
Drew Industries, Inc. 500 11,165
Fuel Systems Solutions, Inc. (I) 100 3,018
GKN PLC 20,666 66,703
Johnson Controls, Inc. 4,400 182,908
Koito Manufacturing Company, Ltd. 2,000 32,051
Shiloh Industries, Inc. 600 7,008
 
    450,171
Automobiles - 0.65%    
Bayerische Motoren Werke (BMW) AG 1,064 88,826
General Motors Company (I) 3,100 96,193
Harley-Davidson, Inc. 3,400 144,466
Honda Motor Company, Ltd. 3,200 119,786
Nissan Motor Company, Ltd. 7,200 63,881
Toyota Motor Corp. 5,800 232,000
Winnebago Industries, Inc. (I) 500 6,685
 
    751,837
Distributors - 0.13%    
Genuine Parts Company 2,430 130,345
Pool Corp. 600 14,466
Weyco Group, Inc. 400 9,784
 
    154,595
Diversified Consumer Services - 0.22%    
American Public Education, Inc. (I) 200 8,090
Benesse Holdings, Inc. 1,500 61,403
Career Education Corp. (I) 1,060 24,083
H&R Block, Inc. (L) 4,820 80,687
K12, Inc. (I) 300 10,110
Matthews International Corp., Class A 220 8,481
National American University Holdings, Inc. 500 3,545
Strayer Education, Inc. 90 11,744
Weight Watchers International, Inc. 700 49,070
 
    257,213
Hotels, Restaurants & Leisure - 2.15%    
Accor SA 1,320 59,267
Betfair Group PLC (I) 274 4,292
Carnival Corp. 7,900 303,044
Chipotle Mexican Grill, Inc. (I) 480 130,738
Choice Hotels International, Inc. 650 25,253

 

38

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Compass Group PLC (I) 11,678 $ 105,108
International Game Technology 1,600 25,968
Las Vegas Sands Corp. (I) 4,300 181,546
Marriott International, Inc., Class A 13,878 493,779
McDonald’s Corp. 2,600 197,834
MGM Resorts International (I)(L) 3,300 43,395
Mitchells & Butlers PLC (I) 10,100 48,860
Orient-Express Hotels, Ltd., Class A (I) 1,700 21,029
P.F. Chang’s China Bistro, Inc. 220 10,162
Panera Bread Company, Class A (I) 410 52,070
Starbucks Corp. 12,050 445,248
Starwood Hotels & Resorts Worldwide, Inc. 3,830 222,600
Tim Hortons, Inc. 300 13,593
Vail Resorts, Inc. (I) 100 4,876
WMS Industries, Inc. (I) 300 10,605
Wynn Resorts, Ltd. 635 80,804
 
    2,480,071
Household Durables - 0.92%    
Cavco Industries, Inc. (I) 100 4,516
D.R. Horton, Inc. 2,900 33,785
Ethan Allen Interiors, Inc. 100 2,190
Fortune Brands, Inc. 6,310 390,526
Harman International Industries, Inc. 500 23,410
Hooker Furniture Corp. 500 5,980
iRobot Corp. (I) 200 6,578
M/I Homes, Inc. (I) 400 5,996
Meritage Homes Corp. (I) 200 4,826
PDG Realty SA Empreendimentos    
e Participacoes 9,200 51,617
Persimmon PLC 13,724 98,066
Pulte Group, Inc. (I) 1,100 8,140
Stanley Black & Decker, Inc. 1,700 130,220
Tempur-Pedic International, Inc. (I) 500 25,330
Whirlpool Corp. 3,180 271,445
 
    1,062,625
Internet & Catalog Retail - 1.54%    
Amazon.com, Inc. (I) 6,100 1,098,793
Blue Nile, Inc. (I)(L) 230 12,418
Expedia, Inc. 4,400 99,704
HSN, Inc. (I) 240 7,687
Liberty Media Corp. - Interactive, Series A (I) 11,800 189,272
N. Brown Group PLC 5,267 21,436
priceline.com, Inc. (I) 700 354,508
 
    1,783,818
Leisure Equipment & Products - 0.33%    
Brunswick Corp. 900 22,887
Mattel, Inc. 11,200 279,216
Nikon Corp. 3,400 70,101
Sankyo Company, Ltd. 100 5,127
 
    377,331
Media - 2.48%    
Aegis Group PLC 14,337 32,842
Ascent Media Corp., Class A (I) 300 14,655
Cablevision Systems Corp., Class A (L) 6,350 219,774
Comcast Corp., Class A 6,000 148,320
Discovery    
Communications, Inc., Series A (I)(L) 1,800 71,820
Discovery Communications, Inc., Series C (I) 3,500 123,235
DISH Network Corp. (I) 800 19,488
Global Traffic Network, Inc. (I) 700 8,729
Informa PLC 4,441 29,678
Jupiter Telecommunications Company, Ltd. 82 80,146

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Knology, Inc. (I) 500 $ 6,455
Lamar Advertising Company, Class A (I) 1,200 44,328
Liberty Media Corp. - Starz, Series A (I) 480 37,248
Live Nation Entertainment, Inc. (I) 1,000 10,000
Madison Square Garden, Inc., Class A (I) 1,987 53,629
Meredith Corp. 800 27,136
Morningstar, Inc. 400 23,352
Omnicom Group, Inc. 3,200 156,992
Sanoma OYJ 1,322 29,946
Scholastic Corp. 900 24,336
Scripps Networks Interactive, Inc., Class A 200 10,018
Television Broadcasting Company, Ltd. 5,000 29,375
The McGraw-Hill Companies, Inc. 6,800 267,920
The New York Times Company, Class A (I)(L) 8,900 84,283
The Walt Disney Company 16,300 702,367
The Washington Post Company, Class B 20 8,751
Time Warner, Inc. 12,050 430,185
WPP PLC 13,420 165,479
 
    2,860,487
Multiline Retail - 0.31%    
Dollar General Corp. (I) 1,650 51,728
Dollar Tree, Inc. (I) 450 24,984
Fred’s, Inc., Class A 400 5,328
Kohl’s Corp. 500 26,520
Macy’s, Inc. 4,300 104,318
Parkson Retail Group, Ltd. 35,500 48,735
PPR 626 95,941
 
    357,554
Specialty Retail - 1.37%    
Aaron’s, Inc. (L) 900 22,824
Ann, Inc. (I) 600 17,466
Bed Bath & Beyond, Inc. (I) 7,650 369,266
CarMax, Inc. (I) 2,500 80,250
Chico’s FAS, Inc. 200 2,980
Esprit Holdings, Ltd. 7,969 36,424
Hibbett Sports, Inc. (I)(L) 700 25,067
Home Depot, Inc. 10,650 394,689
Inditex SA 1,025 82,284
Kingfisher PLC 24,890 98,124
Lumber Liquidators Holdings, Inc. (I) 300 7,497
New York & Company, Inc. (I) 1,000 7,010
O’Reilly Automotive, Inc. (I) 4,250 244,205
Pier 1 Imports, Inc. (I) 500 5,075
Rue21, Inc. (I) 400 11,520
Staples, Inc. 1,900 36,898
Stein Mart, Inc. 500 5,055
The Gap, Inc. 1,300 29,458
The Men’s Wearhouse, Inc. 500 13,530
Tiffany & Company 1,450 89,088
Zumiez, Inc. (I) 200 5,286
 
    1,583,996
Textiles, Apparel & Luxury Goods - 0.68%    
Carter’s, Inc. (I) 210 6,012
Coach, Inc. 4,310 224,292
Compagnie Financiere Richemont SA 3,297 190,385
Fossil, Inc. (I) 100 9,365
NIKE, Inc., Class B 2,200 166,540
Polo Ralph Lauren Corp. 1,230 152,090
Steven Madden, Ltd. (I) 100 4,693
Under Armour, Inc., Class A (I)(L) 400 27,220
 
    780,597
 
    12,900,295

 

39

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Consumer Staples - 3.19%    
Beverages - 0.50%    
Anheuser-Busch InBev NV 279 $ 15,915
Brown Forman Corp., Class B 150 10,245
Coca-Cola Bottling Company Consolidated 50 3,342
Kirin Holdings Company, Ltd. 8,000 105,121
PepsiCo, Inc. 4,400 283,404
Pernod-Ricard SA 1,552 145,134
The Coca-Cola Company 250 16,588
 
    579,749
Food & Staples Retailing - 0.49%    
Costco Wholesale Corp. 200 14,664
FamilyMart Company, Ltd. 2,200 81,917
Fresh Market, Inc. (I) 100 3,774
Pricesmart, Inc. 200 7,328
Shoppers Drug Mart Corp. 700 28,780
Sysco Corp. 600 16,620
Tesco PLC 44,171 269,852
The Kroger Company 1,700 40,749
The Pantry, Inc. (I) 500 7,415
Whole Foods Market, Inc. 1,500 98,850
 
    569,949
Food Products - 1.31%    
Archer-Daniels-Midland Company 2,200 79,222
Campbell Soup Company (L) 5,020 166,212
ConAgra Foods, Inc. 6,900 163,875
Dairy Crest Group PLC 3,360 19,367
Flowers Foods, Inc. 600 16,338
House Food Corp. 1,300 21,148
JG Boswell Company 7 5,740
McCormick & Company, Inc., Class B 2,800 133,924
Nestle SA 6,655 381,862
Sara Lee Corp. 600 10,602
The Hershey Company (L) 6,580 357,623
Tootsie Roll Industries, Inc. 206 5,842
Unilever PLC 4,836 147,485
 
    1,509,240
Household Products - 0.53%    
Clorox Company (L) 4,540 318,118
Kimberly-Clark Corp. 4,060 264,996
Oil-Dri Corp of America 300 6,390
The Procter & Gamble Company 310 19,096
 
    608,600
Personal Products - 0.36%    
Alberto-Culver Company 1,000 37,270
Avon Products, Inc. 9,000 243,360
Kobayashi Pharmaceutical Company, Ltd. 600 27,591
L’Oreal SA 733 85,373
The Estee Lauder Companies, Inc., Class A 220 21,199
 
    414,793
Tobacco - 0.00%    
Alliance One International, Inc. (I)(L) 1,100 4,422
 
    3,686,753
Energy - 7.19%    
Energy Equipment & Services - 2.08%    
Atwood Oceanics, Inc. (I) 300 13,929
Baker Hughes, Inc. 1,800 132,174
Cameron International Corp. (I) 3,870 220,977
CARBO Ceramics, Inc. 320 45,158
China Oilfield Services, Ltd. 30,000 68,086
Exterran Holdings, Inc. (I) 500 11,865

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy Equipment & Services (continued)    
FMC Technologies, Inc. (I) 2,655 $ 250,844
Fugro NV 465 40,960
Gulf Islands Fabrication, Inc. 200 6,434
Halliburton Company 3,200 159,488
Hercules Offshore, Inc. (I) 1,600 10,576
McDermott International, Inc. (I) 4,000 101,560
Modec, Inc. 1,300 23,709
National Oilwell Varco, Inc. 200 15,854
Oil States International, Inc. (I) 230 17,512
Rignet, Inc. (I) 125 2,273
Saipem SpA 1,183 62,830
Schlumberger, Ltd. 12,030 1,121,918
TetraTechnologies, Inc. (I) 1,300 20,020
Trican Well Service, Ltd. 1,000 22,579
Union Drilling, Inc. (I) 400 4,100
Weatherford International, Ltd. (I) 800 18,080
WorleyParsons, Ltd. 1,106 35,406
 
    2,406,332
Oil, Gas & Consumable Fuels - 5.11%    
Alpha Natural Resources, Inc. (I) 200 11,874
Anadarko Petroleum Corp. 3,880 317,850
Approach Resources, Inc. (I) 100 3,360
Arch Coal, Inc. 800 28,832
Beach Energy, Ltd. 75,800 75,980
BG Group PLC 4,826 119,888
BP PLC, SADR 8,300 366,362
Chevron Corp. 7,190 772,422
Cimarex Energy Company 500 57,620
Cloud Peak Energy, Inc. (I) 700 15,113
Concho Resources, Inc. (I) 1,090 116,957
ConocoPhillips 2,380 190,067
CONSOL Energy, Inc. 720 38,614
Contango Oil & Gas Company (I) 80 5,059
Continental Resources, Inc. (I) 200 14,294
El Paso Corp. 2,300 41,400
Enbridge, Inc. (I) 25,000 26,967
EOG Resources, Inc. 2,300 272,573
EQT Corp. 1,340 66,866
Exxon Mobil Corp. 7,700 647,801
Forest Oil Corp. (I) 200 7,566
Geomet, Inc. (I) 300 492
Hess Corp. 350 29,824
Marathon Oil Corp. 700 37,317
Murphy Oil Corp. 5,490 403,076
Nexen, Inc. 1,700 42,364
Northern Oil and Gas, Inc. (I)(L) 1,200 32,040
Oasis Petroleum, Inc. (I) 700 22,134
Occidental Petroleum Corp. 1,500 156,735
Peabody Energy Corp. 3,950 284,242
Penn Virginia Corp. 700 11,872
Petroleo Brasileiro SA, SADR 1,400 49,756
QEP Resources, Inc. 200 8,108
Range Resources Corp. 2,420 141,473
Royal Dutch Shell PLC, ADR 7,200 524,592
Royal Dutch Shell PLC, ADR, Class B 5,300 388,172
SM Energy Company 520 38,579
Spectra Energy Corp. 4,500 122,310
Statoil ASA 6,356 176,398
Suncor Energy, Inc. 1,220 54,705
Sunoco, Inc. 3,100 141,329
Swift Energy Company (I) 100 4,268
Ultra Petroleum Corp. (I) 520 25,610

 

40

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Venoco, Inc. (I) 200 $ 3,418
    5,896,279
    8,302,611
Financials - 11.47%    
Capital Markets - 2.23%    
Ameriprise Financial, Inc. 2,580 157,586
Ares Capital Corp. 1,100 18,590
Capital Southwest Corp. 90 8,238
Close Brothers Group PLC 3,127 42,406
Credit Suisse Group AG 3,765 159,994
Deutsche Bank AG 1,487 87,438
E*TRADE Financial Corp. (I) 1,610 25,164
Eaton Vance Corp. 600 19,344
Federated Investors, Inc., Class B 500 13,375
Financial Engines, Inc. (I) 600 16,536
Franklin Resources, Inc. 4,900 612,892
GFI Group, Inc. 1,000 5,020
Greenhill & Company, Inc. (L) 550 36,185
Hercules Technology Growth Capital, Inc. 700 7,700
Invesco, Ltd. 8,800 224,928
Janus Capital Group, Inc. 1,900 23,693
Jefferies Group, Inc. (I) 35,000 34,866
JMP Group, Inc. 500 4,305
KBW, Inc. 300 7,857
Legg Mason, Inc. 7,100 256,239
Macquarie Group, Ltd. 2,445 92,429
Morgan Stanley 3,400 92,888
Northern Trust Corp. 2,280 115,710
PennantPark Investment Corp. 500 5,960
Safeguard Scientifics, Inc. (I) 400 8,140
Sanders Morris Harris Group, Inc. 1,200 9,612
State Street Corp. 1,360 61,118
Stifel Financial Corp. (I) 100 7,179
TD Ameritrade Holding Corp. 2,400 50,088
The Bank of New York Mellon Corp. 6,850 204,610
The Charles Schwab Corp. 2,400 43,272
The Goldman Sachs Group, Inc. 800 126,776
 
    2,580,138
Commercial Banks - 3.30%    
Australia & New Zealand Banking Group, Ltd. 7,732 190,247
Banco Santander SA 4,909 57,213
Bank of Yokohama, Ltd. 8,000 37,990
Barclays PLC 8,350 151,469
BNP Paribas 2,423 177,308
Bridge Capital Holdings (I) 400 3,776
Burke & Herbert Bank & Trust 2 5,000
China Citic Bank Corp, Ltd. 127,000 92,562
CIT Group, Inc. (I) 750 31,913
CoBiz Financial, Inc. 600 4,170
Columbia Banking System, Inc. 300 5,751
Commerce Bancshares, Inc. 315 12,739
DBS Group Holdings, Ltd. 5,000 58,137
DnB NOR ASA 12,441 190,897
East West Bancorp, Inc. 1,200 26,352
Erste Group Bank AG 1,133 57,182
Farmers & Merchants Bank of Long Beach 2 8,400
Fifth Third Bancorp 1,200 16,656
First Horizon National Corp. 1,573 17,633
First Republic Bank/San Francisco CA (I) 300 9,273
Glacier Bancorp, Inc. 500 7,525
Home Bancshares, Inc. 300 6,825
Intesa Sanpaolo SpA 23,821 70,532
KeyCorp 11,700 103,896

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Marshall & Ilsley Corp. 2,000 $ 15,980
Mitsubishi UFJ Financial Group 13,700 63,246
Nordea Bank AB (L) 11,238 123,055
PNC Financial Services Group, Inc. 2,800 176,372
Popular, Inc. (I) 3,300 9,603
Preferred Bank/Los Angeles CA (I) 1,300 1,937
Regions Financial Corp. 13,450 97,647
Sandy Spring Bancorp, Inc. 300 5,538
Signature Bank (I) 380 21,432
Societe Generale 1,463 95,128
Standard Chartered PLC 6,334 164,298
SunTrust Banks, Inc. 7,600 219,184
SVB Financial Group (I) 200 11,386
Swedbank AB, Class A 7,614 130,335
TCF Financial Corp. 1,000 15,860
Texas Capital Bancshares, Inc. (I) 400 10,396
The Sumitomo Trust &    
Banking Company, Ltd. 14,000 72,541
U.S. Bancorp 19,850 524,636
Washington Trust Bancorp, Inc. 500 11,870
Wells Fargo & Company 21,250 673,625
Westamerica Bancorp. (L) 270 13,870
Western Alliance Bancorp (I) 1,200 9,864
Wintrust Financial Corp. 130 4,778
 
    3,816,027
Consumer Finance - 1.03%    
American Express Company 16,930 765,236
Capital One Financial Corp. 3,750 194,850
Discover Financial Services 1,800 43,416
Green Dot Corp., Class A (I) 150 6,437
SLM Corp. (I) 11,850 181,305
 
    1,191,244
Diversified Financial Services - 2.04%    
Bank of America Corp. 30,270 403,499
BM&F Bovespa SA 8,200 59,517
CBOE Holdings, Inc. 400 11,588
CME Group, Inc. 30 9,047
Compass Diversified Holdings 400 5,896
Deutsche Boerse AG 503 38,167
ING Groep NV (I) 3,568 45,286
Interactive Brokers Group, Inc., Class A 300 4,767
IntercontinentalExchange, Inc. (I) 1,800 222,372
JPMorgan Chase & Company 25,870 1,192,607
Mitsubishi UFJ Lease &    
Finance Company, Ltd. 1,620 64,952
MSCI, Inc. (I) 1,054 38,808
NYSE Euronext 7,270 255,686
 
    2,352,192
Insurance - 2.00%    
AIA Group, Ltd. (I) 25,200 77,695
Alterra Capital Holdings, Ltd. 1,200 26,808
AON Corp. 540 28,598
Arthur J. Gallagher & Company 200 6,082
Assured Guaranty, Ltd. 700 10,430
AXA SA 9,533 199,313
Axis Capital Holdings, Ltd. 200 6,984
Chubb Corp. 1,830 112,197
Fidelity National Financial, Inc., Class A 1,100 15,543
First American Financial Corp. 1,400 23,100
Fortegra Financial Corp. (I) 300 3,408
Infinity Property & Casualty Corp. 100 5,949
Lincoln National Corp. 6,330 190,153
Markel Corp. (I) 46 19,065

 

41

 


John Hancock Variable Insurance Trust (Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Marsh & McLennan Companies, Inc. 10,700 $ 318,967
Muenchener Rueckversicherungs - Gesellschaft    
AG (MunichRe) 913 143,571
National Interstate Corp. 300 6,255
OneBeacon Insurance Group, Ltd. 300 4,059
Principal Financial Group, Inc. 700 22,477
ProAssurance Corp. (I) 350 22,180
Prudential Financial, Inc. 1,850 113,923
Prudential PLC 5,374 60,934
QBE Insurance Group, Ltd. 4,126 75,327
SeaBright Holdings, Inc. 500 5,125
Sony Financial Holdings, Inc. 5,600 110,003
Sun Life Financial, Inc. 4,400 138,286
Sun Life Financial, Inc. 4,850 152,436
Suncorp-Metway, Ltd. 4,253 37,226
Swiss Life Holding (I) 435 71,899
The Allstate Corp. 8,100 257,418
The Progressive Corp. 900 19,017
W.R. Berkley Corp. 800 25,768
 
    2,310,196
Real Estate Investment Trusts - 0.49%    
CBL & Associates Properties, Inc. 600 10,452
Cedar Shopping Centers, Inc. 900 5,427
Cousins Properties, Inc. 503 4,200
DiamondRock Hospitality Company 600 6,702
EastGroup Properties, Inc. 100 4,397
Federal Realty Investment Trust 120 9,787
First Potomac Realty Trust 400 6,300
General Growth Properties, Inc. 712 11,022
Hatteras Financial Corp. 500 14,060
Kilroy Realty Corp. 400 15,532
Kimco Realty Corp. 1,500 27,510
Kite Realty Group Trust 1,000 5,310
LaSalle Hotel Properties 400 10,800
Pebblebrook Hotel Trust 400 8,860
Potlatch Corp. 400 16,080
ProLogis 700 11,186
Redwood Trust, Inc. 400 6,220
Saul Centers, Inc. 200 8,910
SL Green Realty Corp. 70 5,264
Strategic Hotels & Resorts, Inc. (I) 1,100 7,095
Unibail-Rodamco SE 529 114,624
Washington Real Estate Investment Trust 200 6,218
Weingarten Realty Investors 300 7,518
Westfield Retail Trust 27,834 75,386
Weyerhaeuser Company (L) 6,599 162,335
 
    561,195
Real Estate Management & Development - 0.35%    
CB Richard Ellis Group, Inc., Class A (I) 5,500 146,850
Forest City Enterprises, Inc., Class A (I) 400 7,532
Goldcrest Company, Ltd. 930 18,247
Kerry Properties, Ltd. 16,500 82,976
Mitsui Fudosan Company, Ltd. 3,000 48,707
Soho China, Ltd. 89,000 76,396
The St. Joe Company (I)(L) 1,100 27,577
 
    408,285
Thrifts & Mortgage Finance - 0.03%    
Capitol Federal Financial, Inc. 1,112 12,532
MGIC Investment Corp. (I) 1,500 13,335
Radian Group, Inc. 500 3,405
 
    29,272
    13,248,549

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care - 5.04%    
Biotechnology - 0.75%    
Alexion Pharmaceuticals, Inc. (I) 370 $ 36,512
Alkermes, Inc. (I) 300 3,885
Amgen, Inc. (I) 2,970 158,747
BioMarin Pharmaceutical, Inc. (I) 800 20,104
Celgene Corp. (I) 5,000 287,650
Cephalon, Inc. (I) 530 40,163
CSL, Ltd. 2,077 76,736
Exelixis, Inc. (I) 1,800 20,340
Human Genome Sciences, Inc. (I) 1,100 30,195
Idenix Pharmaceuticals, Inc. (I) 700 2,324
Incyte Corp. (I)(L) 1,500 23,775
Lexicon Pharmaceuticals, Inc. (I) 3,700 6,216
Momenta Pharmaceuticals, Inc. (I) 600 9,510
Pharmasset, Inc. (I) 200 15,742
Regeneron Pharmaceuticals, Inc. (I) 700 31,458
Seattle Genetics, Inc. (I)(L) 300 4,671
Theravance, Inc. (I)(L) 500 12,110
Vertex Pharmaceuticals, Inc. (I) 1,690 81,002
 
    861,140
Health Care Equipment & Supplies - 0.64%    
Analogic Corp. 200 11,310
AngioDynamics, Inc. (I) 500 7,560
Atrion Corp. 20 3,489
Beckman Coulter, Inc. 190 15,783
C.R. Bard, Inc. 370 36,745
CareFusion Corp. (I) 1,200 33,840
Conceptus, Inc. (I) 400 5,780
DENTSPLY International, Inc. 700 25,893
Dynavox, Inc., Class A (I) 300 1,656
Edwards Lifesciences Corp. (I) 990 86,130
Elekta AB, Series B 2,545 101,770
HeartWare International, Inc. (I) 140 11,974
IDEXX Laboratories, Inc. (I)(L) 420 32,432
Intuitive Surgical, Inc. (I) 60 20,008
Quidel Corp. (I)(L) 500 5,980
Stryker Corp. 4,380 266,304
Terumo Corp. 1,000 52,717
West Pharmaceutical Services, Inc. 100 4,477
Zimmer Holdings, Inc. (I) 250 15,133
 
    738,981
Health Care Providers & Services - 1.33%    
AMERIGROUP Corp. (I) 500 32,125
Capital Senior Living Corp. (I) 800 8,496
Cardinal Health, Inc. 3,220 132,439
Catalyst Health Solutions, Inc. (I) 230 12,864
Centene Corp. (I) 300 9,894
Community Health Systems, Inc. (I) 700 27,993
Express Scripts, Inc. (I) 8,900 494,929
Fleury SA 700 10,397
Fresenius AG 1,340 123,984
Health Management    
Associates, Inc., Class A (I) 800 8,720
Healthsouth Corp. (I)(L) 2,100 52,458
Henry Schein, Inc. (I) 1,305 91,572
HMS Holdings Corp. (I) 100 8,185
Laboratory Corp. of America Holdings (I) 250 23,033
Landauer, Inc. 230 14,150
McKesson Corp. 5,070 400,784
National Healthcare Corp. 100 4,649
Owens & Minor, Inc. 505 16,402
PSS World Medical, Inc. (I) 400 10,860
Select Medical Holdings Corp. (I) 900 7,254

 

42

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
Tenet Healthcare Corp. (I) 2,000 $ 14,900
Triple-S Management Corp., Class B (I) 800 16,464
Universal American Financial Corp. 400 9,164
VCA Antech, Inc. (I) 300 7,554
 
    1,539,270
Health Care Technology - 0.07%    
athenahealth, Inc. (I) 100 4,513
Cerner Corp. (I) 250 27,800
Computer Programs & Systems, Inc. 200 12,856
HealthStream, Inc. (I) 900 6,966
SXC Health Solutions Corp. (I) 580 31,784
 
    83,919
Life Sciences Tools & Services - 0.15%    
Bruker Corp. (I) 1,070 22,310
Charles River    
Laboratories International, Inc. (I) 100 3,838
Covance, Inc. (I) 540 29,549
Illumina, Inc. (I) 520 36,436
QIAGEN NV (I) 1,200 24,060
Thermo Fisher Scientific, Inc. (I) 600 33,330
Waters Corp. (I) 320 27,808
 
    177,331
Pharmaceuticals - 2.10%    
Allergan, Inc. 2,700 191,754
Astellas Pharma, Inc. 1,300 47,936
AVANIR Pharmaceuticals, Class A (I) 1,000 4,080
Bristol-Myers Squibb Company 7,390 195,318
Cardiome Pharma Corp. (I) 700 2,996
Chugai Pharmaceutical Company, Ltd. 1,300 22,380
Elan Corp. PLC (I) 1,400 9,632
Eli Lilly & Company 3,620 127,315
Forest Laboratories, Inc. (I) 540 17,442
GlaxoSmithKline PLC, ADR 7,520 288,843
Johnson & Johnson 5,730 339,503
Merck & Company, Inc. 8,200 270,682
Pfizer, Inc. 14,611 296,749
Roche Holdings AG 1,281 182,980
Rohto Pharmaceutical Company, Ltd. 2,000 21,423
Sanofi-Aventis SA 4,259 299,117
Shire PLC, ADR 700 60,970
The Medicines Company (I) 400 6,516
Valeant Pharmaceuticals International, Inc.    
(Toronto Exchange) 623 31,032
XenoPort, Inc. (I) 300 1,779
 
    2,418,447
    5,819,088
Industrials - 9.65%    
Aerospace & Defense - 1.88%    
Alliant Techsystems, Inc. 130 9,187
Finmeccanica SpA 6,012 75,727
Goodrich Corp. 190 16,251
HEICO Corp., Class A 200 8,996
Hexcel Corp. (I) 800 15,752
Honeywell International, Inc. 9,300 555,303
ITT Corp. 3,200 192,160
Kratos Defense & Security Solutions, Inc. (I) 500 7,120
Lockheed Martin Corp. 1,830 147,132
Precision Castparts Corp. 2,400 353,232
Qinetiq PLC 18,198 35,533
Raytheon Company 350 17,805
Rockwell Collins, Inc. 310 20,097

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Aerospace & Defense (continued)    
Rolls-Royce Group PLC (I) 10,134 $ 100,631
Taser International, Inc. (I)(L) 1,400 5,698
Textron, Inc. (L) 2,000 54,780
The Boeing Company 3,920 289,806
United Technologies Corp. 3,100 262,415
 
    2,167,625
Air Freight & Logistics - 0.71%    
Expeditors International of Washington, Inc. 3,300 165,462
FedEx Corp. 3,400 318,070
HUB Group, Inc., Class A (I) 800 28,952
United Parcel Service, Inc., Class B 3,780 280,930
UTi Worldwide, Inc. 1,100 22,264
 
    815,678
Airlines - 0.07%    
Alaska Air Group, Inc. (I) 100 6,342
Allegiant Travel Company 340 14,895
Delta Air Lines, Inc. (I) 600 5,880
Skywest, Inc. 700 11,844
Southwest Airlines Company 3,700 46,731
 
    85,692
Building Products - 0.22%    
A.O. Smith Corp. 195 8,646
Ameron International Corp. 50 3,490
Builders FirstSource, Inc. (I) 3,500 9,940
Insteel Industries, Inc. 200 2,828
Masco Corp. 10,100 140,592
Quanex Building Products Corp. 400 7,852
Universal Forest Products, Inc. 500 18,325
USG Corp. (I)(L) 3,550 59,143
 
    250,816
Commercial Services & Supplies - 0.28%    
American Reprographics Company (I) 100 1,035
Avery Dennison Corp. 3,900 163,644
Cintas Corp. 800 24,216
Clean Harbors, Inc. (I) 160 15,786
EnerNOC, Inc. (I) 390 7,453
G&K Services, Inc., Class A 200 6,650
Higher One Holdings, Inc. (I) 260 3,757
Innerworkings, Inc. (I) 800 5,904
McGrath Rentcorp 700 19,089
Mine Safety Appliances Company 300 11,001
Mobile Mini, Inc. (I) 500 12,010
Multiplus Sa 700 12,425
The Geo Group, Inc. (I) 300 7,692
US Ecology, Inc. 300 5,229
Waste Connections, Inc. 1,120 32,245
 
    328,136
Construction & Engineering - 0.24%    
Bouygues SA 2,180 104,676
Carillion PLC 8,048 49,068
China Railway Construction Corp. 53,000 55,252
Foster Wheeler AG (I) 500 18,810
Insituform Technologies, Inc., Class A (I) 400 10,700
Pike Electric Corp. (I) 500 4,760
Quanta Services, Inc. (I) 1,400 31,402
Sterling Construction Company, Inc. (I) 200 3,376
 
    278,044
Electrical Equipment - 1.18%    
A123 Systems, Inc. (I)(L) 800 5,080
ABB, Ltd. (I) 4,526 108,968
Acuity Brands, Inc. 300 17,547

 

43

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electrical Equipment (continued)    
AMETEK, Inc. 1,090 $ 47,818
Belden, Inc. 200 7,510
Cooper Industries PLC 3,130 203,137
Emerson Electric Company 6,200 362,266
Franklin Electric Company, Inc. 200 9,240
Legrand SA, ADR 2,113 87,873
Mitsubishi Electric Corp. 15,000 174,985
Rockwell Automation, Inc. 1,850 175,103
Roper Industries, Inc. 1,470 127,096
The Babcock & Wilcox Company (I) 900 30,042
Woodward, Inc. 300 10,368
 
    1,367,033
Industrial Conglomerates - 1.77%    
3M Company 7,900 738,650
Cookson Group PLC (I) 6,100 67,507
DCC PLC 3,321 105,869
General Electric Company 34,800 697,740
Hutchison Whampoa, Ltd. 7,000 82,718
Koninklijke Philips Electronics NV 4,492 143,476
SembCorp Industries, Ltd. 35,000 144,770
Siemens AG 503 68,903
 
    2,049,633
Machinery - 1.75%    
3D Systems Corp. (I) 700 33,985
Actuant Corp., Class A 600 17,400
Astec Industries, Inc. (I) 200 7,458
Badger Meter, Inc. 200 8,242
Cargotec Corp. OYJ 787 38,376
Cascade Corp. 100 4,458
Charter International PLC 3,680 47,696
CIRCOR International, Inc. 300 14,106
Colfax Corp. (I) 500 11,475
Cummins, Inc. 160 17,539
Danaher Corp. 18,000 934,200
Deere & Company 1,300 125,957
Eaton Corp. 840 46,570
Energy Recovery, Inc. (I) 1,200 3,816
Gardner Denver, Inc. 520 40,576
IDEX Corp. 500 21,825
Illinois Tool Works, Inc. 6,660 357,775
Joy Global, Inc. 750 74,108
Lydall, Inc. (I) 600 5,334
Makita Corp. 900 41,873
Middleby Corp. (I) 290 27,034
Nordson Corp. 110 12,657
RBC Bearings, Inc. (I) 300 11,469
Robbins & Myers, Inc. 300 13,797
Sun Hydraulics, Inc. 200 8,620
The Toro Company 100 6,622
Toshiba Machine Company, Ltd. 4,000 21,329
Valmont Industries, Inc. 100 10,437
WABCO Holdings, Inc. (I) 1,000 61,640
 
    2,026,374
Marine - 0.08%    
A P Moller Maersk A/S, Series A 6 56,436
International Shipholding Corp. 100 2,490
Kirby Corp. (I) 200 11,458
Nippon Yusen Kabushiki Kaisha 5,000 19,536
 
    89,920
Professional Services - 0.22%    
CoStar Group, Inc. (I) 200 12,536
Equifax, Inc. 350 13,598

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Professional Services (continued)    
FTI Consulting, Inc. (I)(L) 300 $ 11,499
IHS, Inc., Class A (I) 570 50,588
Kforce, Inc. (I) 500 9,150
Korn/Ferry International (I) 1,100 24,497
Manpower, Inc. 840 52,819
Navigant Consulting Company (I) 800 7,992
Robert Half International, Inc. 800 24,480
The Advisory Board Company (I) 300 15,450
Verisk Analytics, Inc., Class A (I) 800 26,208
 
    248,817
Road & Rail - 0.50%    
Central Japan Railway Company, Ltd. 12 95,071
Genesee & Wyoming, Inc., Class A (I) 500 29,100
Hertz Global Holdings, Inc. (I) 3,400 53,142
Landstar System, Inc. 620 28,322
Patriot Transportation Holding, Inc. (I) 300 8,025
RailAmerica, Inc. (I) 600 10,224
Union Pacific Corp. 3,400 334,322
Universal Truckload Services, Inc. (I) 500 8,625
Vitran Corp., Inc. (I) 500 7,045
 
    573,876
Trading Companies & Distributors - 0.75%    
Aceto Corp. 700 5,579
Beacon Roofing Supply, Inc. (I) 1,100 22,517
Fastenal Company (L) 4,730 306,646
Interline Brands, Inc. (I) 500 10,200
Kaman Corp., Class A 200 7,040
Mitsubishi Corp. 5,400 149,899
Mitsui & Company, Ltd. 9,800 175,665
MSC Industrial Direct Company, Inc., Class A 570 39,028
United Rentals, Inc. (I) 200 6,656
WW Grainger, Inc. 1,000 137,680
 
    860,910
 
    11,142,554
Information Technology - 10.73%    
Communications Equipment - 1.46%    
ADTRAN, Inc. 200 8,492
Alcatel-Lucent (I) 16,240 93,692
Aruba Networks, Inc. (I) 300 10,152
Blue Coat Systems, Inc. (I) 500 14,080
Cisco Systems, Inc. 7,800 133,770
Harris Corp. 5,200 257,920
Ixia (I) 800 12,704
JDS Uniphase Corp. (I) 2,100 43,764
Juniper Networks, Inc. (I) 10,800 454,464
Motorola Mobility Holdings, Inc. (I) 930 22,692
QUALCOMM, Inc. 11,400 625,062
Riverbed Technology, Inc. (I) 200 7,530
 
    1,684,322
Computers & Peripherals - 2.19%    
Apple, Inc. (I) 5,400 1,881,630
Dell, Inc. (I) 8,850 128,414
EMC Corp. (I) 9,200 244,260
Hewlett-Packard Company 5,600 229,432
Intevac, Inc. (I) 600 7,458
NetApp, Inc. (I) 300 14,454
Synaptics, Inc. (I) 700 18,914
Xyratex, Ltd. (I) 300 3,354
 
    2,527,916
Electronic Equipment, Instruments & Components - 0.62%  
AVX Corp. 1,050 15,656

 

44

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
Cognex Corp. 300 $ 8,475
Corning, Inc. 11,100 228,993
Dolby Laboratories, Inc., Class A (I) 300 14,763
DTS, Inc. (I) 200 9,326
Elster Group SE, ADR (I) 100 1,625
FLIR Systems, Inc. 1,000 34,610
GTSI Corp. (I) 1,000 4,590
Hamamatsu Photonics KK 2,300 91,110
Hosiden Corp. 2,600 26,413
Littelfuse, Inc. 200 11,420
Molex, Inc., Class A 1,400 28,966
National Instruments Corp. 300 9,831
Nippon Electric Glass Company, Ltd. 7,000 99,134
Orbotech, Ltd. (I) 700 8,988
SYNNEX Corp. (I) 100 3,273
TE Connectivity, Ltd. 1,100 38,302
Trimble Navigation, Ltd. (I) 800 40,432
Venture Corp., Ltd. 6,000 45,780
 
    721,687
Internet Software & Services - 2.22%    
Akamai Technologies, Inc. (I) 200 7,600
Baidu, Inc., SADR (I) 3,900 537,459
Constant Contact, Inc. (I) 200 6,980
eBay, Inc. (I) 6,300 195,552
Equinix, Inc. (I) 130 11,843
Facebook, Inc., Class B (R) 3,733 93,325
Google, Inc., Class A (I) 2,200 1,289,662
GSI Commerce, Inc. (I) 400 11,708
Kakaku.com, Inc. 10 55,353
MercadoLibre, Inc. 80 6,530
OpenTable, Inc. (I) 100 10,635
Rackspace Hosting, Inc. (I) 1,000 42,850
RealNetworks, Inc. (I) 1,300 4,836
SPS Commerce, Inc. (I) 300 4,653
Tencent Holdings, Ltd. 11,800 286,709
 
    2,565,695
IT Services - 1.69%    
Accenture PLC, Class A 4,900 269,353
Automatic Data Processing, Inc. 480 24,629
Cielo SA 3,300 27,974
Computer Sciences Corp. 5,770 281,172
CoreLogic, Inc. 400 7,400
Fiserv, Inc. (I) 1,170 73,382
Gartner, Inc. (I) 1,400 58,338
Genpact, Ltd. (I) 700 10,136
Global Payments, Inc. 1,300 63,596
International Business Machines Corp. 800 130,456
Isoftstone Holdings, Ltd., ADR (I) 300 5,553
Logica PLC (I) 16,370 34,423
MasterCard, Inc., Class A 1,650 415,338
NS Solutions Corp. 1,000 18,922
Paychex, Inc. 500 15,680
SAIC, Inc. (I) 600 10,152
Sapient Corp. (I) 1,200 13,740
StarTek, Inc. (I) 800 4,032
The Western Union Company 8,100 168,237
TNS, Inc. (I) 300 4,671
Visa, Inc., Class A (L) 4,200 309,204
 
    1,946,388
Office Electronics - 0.11%    
Canon, Inc. 2,900 126,208

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment - 1.52%  
Advanced Energy Industries, Inc. (I) 400 $ 6,540
Altera Corp. 3,080 135,582
Analog Devices, Inc. 4,960 195,325
Applied Materials, Inc. 13,650 213,213
ASML Holding NV 1,996 88,037
ASML Holding NV -New York    
Registered Shares (I) 300 13,350
Atheros Communications, Inc. (I) 400 17,860
Broadcom Corp., Class A 5,910 232,736
Brooks Automation, Inc. (I) 500 6,865
Cavium Networks, Inc. (I) 300 13,479
Cohu, Inc. 300 4,608
Cree, Inc. (I) 340 15,694
Cymer, Inc. (I) 100 5,658
Entegris, Inc. (I) 1,000 8,770
FEI Company (I) 500 16,860
First Solar, Inc. (I) 60 9,650
GT Solar International, Inc. (I) 900 9,594
Intersil Corp., Class A 1,200 14,940
Marvell Technology Group, Ltd. (I) 2,000 31,100
MEMC Electronic Materials, Inc. (I) 1,100 14,256
Microchip Technology, Inc. 700 26,607
Microsemi Corp. (I) 400 8,284
National Semiconductor Corp. 1,800 25,812
Novellus Systems, Inc. (I) 800 29,704
NVIDIA Corp. (I) 1,000 18,460
PMC-Sierra, Inc. (I) 1,400 10,500
Samsung Electronics Company, Ltd. 89 75,506
Silicon Laboratories, Inc. (I) 620 26,790
Standard Microsystems Corp. (I) 300 7,398
Sumco Corp. (I) 4,300 86,693
Taiwan Semiconductor Manufacturing    
Company, Ltd., SADR 6,800 82,824
Texas Instruments, Inc. 1,800 62,208
Varian Semiconductor    
Equipment Associates, Inc. (I) 400 19,468
Veeco Instruments, Inc. (I) 200 10,168
Xilinx, Inc. 6,400 209,920
Zarlink Semiconductor, Inc. (I) 1,500 3,330
 
    1,757,789
Software - 0.92%    
Ariba, Inc. (I) 600 20,484
Autodesk, Inc. (I) 1,100 48,521
Autonomy Corp. PLC (I) 2,652 67,682
Blackboard, Inc. (I) 300 10,872
Bottomline Technologies, Inc. (I) 300 7,542
Cadence Design Systems, Inc. (I) 1,700 16,575
Callidus Software, Inc. (I) 900 6,183
Concur Technologies, Inc. (I) 200 11,090
Electronic Arts, Inc. (I) 5,930 115,813
EPIQ Systems, Inc. 800 11,488
FactSet Research Systems, Inc. 610 63,885
Fortinet, Inc. (I) 400 17,600
GameLoft SA (I) 2,590 16,931
Informatica Corp. (I) 200 10,446
Intuit, Inc. (I) 1,100 58,410
MICROS Systems, Inc. (I) 500 24,715
Microsoft Corp. 11,210 284,286
Nintendo Company, Ltd. 200 54,027
Nuance Communications, Inc. (I) 1,580 30,905
Progress Software Corp. (I) 750 21,818
Red Hat, Inc. (I) 600 27,234
Rovi Corp. (I) 700 37,555
Salesforce.com, Inc. (I) 100 13,358

 

45

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Solera Holdings, Inc. 800 $ 40,880
Sourcefire, Inc. (I) 400 11,004
Taleo Corp. (I) 400 14,260
Ultimate Software Group, Inc. (I) 100 5,875
Websense, Inc. (I) 400 9,188
 
    1,058,627
    12,388,632
Materials - 3.76%    
Chemicals - 2.03%    
Air Products & Chemicals, Inc. 1,600 144,288
Air Water, Inc. 3,000 36,217
Arch Chemicals, Inc. 300 12,477
Asahi Kasei Corp. 15,000 99,717
BASF SE 1,697 147,134
E.I. du Pont de Nemours & Company 2,940 161,612
Hawkins, Inc. 300 12,324
Hitachi Chemical, Ltd. 2,400 48,791
International Flavors & Fragrances, Inc. 3,450 214,935
Intrepid Potash, Inc. (I) 550 19,151
Koppers Holdings, Inc. 200 8,540
Minerals Technologies, Inc. 100 6,852
Monsanto Company 4,940 356,964
Nalco Holding Company 1,200 32,772
Penford Corp. (I) 300 1,869
Potash Corp. of Saskatchewan, Inc. 2,600 153,218
Praxair, Inc. 5,500 558,800
Rockwood Holdings, Inc. (I) 400 19,688
Senomyx, Inc. (I) 1,100 6,644
Showa Denko KK 12,000 24,092
The Mosaic Company 300 23,625
The Sherwin-Williams Company 200 16,798
Tosoh Corp. 7,000 25,162
Umicore 2,015 100,069
Wacker Chemie AG 490 110,210
 
    2,341,949
Construction Materials - 0.25%    
Cemex SAB de CV (I) 55,519 49,664
Vulcan Materials Company (L) 5,200 237,120
 
    286,784
Containers & Packaging - 0.02%    
Myers Industries, Inc. 500 4,965
Temple-Inland, Inc. 1,000 23,400
 
    28,365
Metals & Mining - 1.02%    
Agnico Eagle Mines, Ltd. 740 49,099
BHP Billiton, Ltd. 4,235 202,973
Carpenter Technology Corp. 500 21,355
Eurasian Natural Resources Corp. 3,957 59,416
Franco-Nevada Corp. 1,400 51,394
Freeport-McMoRan Copper & Gold, Inc. 2,000 111,100
Hudbay Minerals, Inc. 400 6,524
Kobe Steel Company, Ltd. 23,000 58,923
Nucor Corp. 6,140 282,563
Rio Tinto, Ltd. 2,464 215,618
Royal Gold, Inc. 230 12,052
Sims Metal Management, Ltd. 200 3,630
SSAB AB, Series A 3,687 58,346
Stillwater Mining Company (I) 450 10,319
Synalloy Corp. 700 9,009
United States Steel Corp. 400 21,576
 
    1,173,897

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Paper & Forest Products - 0.44%    
Clearwater Paper Corp. (I) 190 $ 15,466
Deltic Timber Corp. 150 10,026
Domtar Corp. 100 9,178
International Paper Company 10,700 322,926
MeadWestvaco Corp. 5,000 151,650
 
    509,246
 
    4,340,241
Telecommunication Services - 2.13%    
Diversified Telecommunication Services - 1.17%    
AT&T, Inc. 16,020 490,212
CenturyLink, Inc. 4,584 188,082
Hellenic Telecommunications    
Organization SA, SADR 1,200 6,564
Hutchison Telecommunications Hong    
Kong Holdings, Ltd. 74,000 23,754
Premiere Global Services, Inc. (I) 500 3,810
Telecom Italia SpA 92,903 125,120
Telefonica SA 8,751 219,096
Telstra Corp., Ltd. 21,957 64,005
Verizon Communications, Inc. 6,100 235,094
 
    1,355,737
Wireless Telecommunication Services - 0.96%    
America Movil SAB de CV, Series L, ADR 2,270 131,887
American Tower Corp., Class A (I) 8,390 434,770
KDDI Corp. 15 92,061
SBA Communications Corp., Class A (I) 440 17,459
Telephone & Data Systems, Inc. 300 10,110
Telephone & Data Systems, Inc. -    
Special Shares 600 17,712
Vodafone Group PLC 36,974 104,689
Vodafone Group PLC, SADR 10,250 294,688
 
    1,103,376
 
    2,459,113
Utilities - 2.49%    
Electric Utilities - 1.55%    
American Electric Power Company, Inc. 200 7,028
Cleco Corp. 200 6,858
Duke Energy Corp. 10,500 190,575
E.ON AG 4,341 132,639
El Paso Electric Company (I) 800 24,320
Entergy Corp. 4,850 325,969
Exelon Corp. 7,100 292,804
FirstEnergy Corp. 4,213 156,260
Pepco Holdings, Inc. 200 3,730
Pinnacle West Capital Corp. 3,330 142,491
PPL Corp. 5,370 135,861
Progress Energy, Inc. 3,910 180,407
Scottish & Southern Energy PLC 8,634 174,657
Unisource Energy Corp. 400 14,452
 
    1,788,051
Gas Utilities - 0.01%    
Southwest Gas Corp. 340 13,250
Independent Power Producers & Energy Traders - 0.37%  
Calpine Corp. (I) 3,900 61,893
Constellation Energy Group, Inc. 7,270 226,365
EDF Energies Nouvelles, SA 908 47,856
GenOn Energy, Inc. (I) 8,746 33,322
NRG Energy, Inc. (I) 2,880 62,035
 
    431,471

 

46

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
Shares or
Principal
    Amount Value
 
COMMON STOCKS (continued)      
Multi-Utilities - 0.56%      
Black Hills Corp. (L)   500 $ 16,720
CenterPoint Energy, Inc.   3,870 67,957
GDF Suez   3,229 131,751
NiSource, Inc.   9,400 180,292
NorthWestern Corp.   600 18,180
TECO Energy, Inc.   2,920 54,779
Vectren Corp.   300 8,160
Xcel Energy, Inc.   7,230 172,725
 
      650,564
      2,883,336
TOTAL COMMON STOCKS (Cost $64,959,240) $ 77,171,172
 
PREFERRED SECURITIES - 0.28%      
Consumer Discretionary - 0.28%      
Automobiles - 0.28%      
General Motors Company, Series B, 4.750%   3,600 173,520
Volkswagen AG, 2.260%   909 147,768
 
      321,288
      321,288
TOTAL PREFERRED SECURITIES (Cost $277,149) $ 321,288
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 22.88%      
U.S. Government - 9.47%      
U.S. Treasury Bonds      
3.500%, 02/15/2039 $ 105,000 $ 87,954
4.250%, 05/15/2039   155,000 148,558
4.500%, 02/15/2036 to 08/15/2039   983,000 984,175
4.750%, 02/15/2041   100,000 103,875
5.250%, 02/15/2029   285,000 320,669
5.375%, 02/15/2031   140,000 159,950
6.000%, 02/15/2026   135,000 164,257
6.500%, 11/15/2026   35,000 44,691
U.S. Treasury Notes      
1.375%, 04/15/2012 to 11/15/2012   2,760,000 2,791,175
1.500%, 12/31/2013   1,095,000 1,104,325
1.750%, 11/15/2011   20,000 20,191
1.875%, 04/30/2014   930,000 945,185
2.125%, 05/31/2015 to 02/29/2016   695,000 693,467
2.500%, 03/31/2013 to 03/31/2015   2,070,000 2,131,730
2.625%, 12/31/2014   415,000 429,169
3.125%, 05/15/2019   340,000 339,495
3.625%, 02/15/2021   150,000 151,922
4.250%, 08/15/2015   235,000 257,600
4.750%, 05/15/2014   50,000 55,270
 
      10,933,658
U.S. Government Agency - 13.41%      
Federal Home Loan Bank      
1.625%, 03/20/2013   425,000 431,190
Federal Home Loan Mortgage Corp.      
1.625%, 04/15/2013   100,000 101,467
2.125%, 03/23/2012   150,000 152,530
4.000%, 10/01/2040 to 12/01/2040   105,293 103,330
4.500%, 12/01/2039 to 12/01/2040   702,776 713,945
4.750%, 11/17/2015   580,000 641,764
5.000%, 04/01/2040 to 08/01/2040   491,704 513,114
Federal National Mortgage Association      
1.250%, 06/22/2012   200,000 201,797
1.500%, 06/26/2013   100,000 101,061
1.750%, 02/22/2013 to 05/07/2013   215,000 218,396
3.000%, 09/16/2014   600,000 627,273

 

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal National Mortgage      
Association (continued)      
3.500%, 11/01/2025 to 02/01/2026 $ 271,537 $ 272,216
4.000%, 07/01/2025 to 04/01/2041   1,600,089 1,593,248
4.125%, 04/15/2014   100,000 107,769
4.500%, 05/01/2024 to 04/01/2041   2,678,466 2,739,565
5.000%, 02/01/2021 to 10/01/2040   2,307,842 2,420,552
5.375%, 07/15/2016   285,000 324,119
5.500%, 07/01/2022 to 05/01/2040   2,032,892 2,178,022
6.000%, 04/01/2035 to 11/01/2038   1,384,902 1,508,669
6.500%, 10/01/2036   303,801 339,912
Government National Mortgage Association      
4.500%, 11/20/2040   154,347 159,035
5.000%, 05/15/2039 to 09/15/2039   37,654 39,995
 
      15,488,969
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $26,520,729)   $ 26,422,627
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 0.36%      
Brazil - 0.10%      
Federative Republic of Brazil      
5.875%, 01/15/2019   100,000 111,080
Canada - 0.15%      
Canada Housing Trust      
1.375%, 01/27/2014   50,000 49,824
Export Development Canada      
3.500%, 05/16/2013   10,000 10,515
Province of British Columbia      
2.850%, 06/15/2015   25,000 25,644
Province of Manitoba      
2.125%, 04/22/2013   25,000 25,511
Province of Ontario      
2.625%, 01/20/2012   20,000 20,344
Province of Quebec      
3.500%, 07/29/2020   50,000 48,183
 
      180,021
Italy - 0.02%      
Republic of Italy      
3.125%, 01/26/2015   25,000 25,073
Mexico - 0.05%      
Government of Mexico      
5.950%, 03/19/2019   50,000 55,725
Sweden - 0.04%      
Svensk Exportkredit AB      
1.750%, 10/20/2015   50,000 48,462
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $420,066)   $ 420,361
 
CORPORATE BONDS - 6.58%      
Consumer Discretionary - 0.63%      
AutoZone, Inc.      
4.000%, 11/15/2020   25,000 23,218
British Sky Broadcasting Group PLC      
9.500%, 11/15/2018 (S)   15,000 19,764
Comcast Corp.      
5.700%, 05/15/2018   65,000 70,687
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
6.350%, 03/15/2040   75,000 74,957

 

47

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Discovery Communications LLC      
5.625%, 08/15/2019 $ 25,000 $ 27,031
Grupo Televisa SA      
6.625%, 01/15/2040   25,000 26,478
Harley-davidson Financial Services, Inc.      
3.875%, 03/15/2016 (S)   35,000 34,789
Johnson Controls, Inc.      
1.750%, 03/01/2014   50,000 49,747
McDonald’s Corp.      
4.875%, 07/15/2040   25,000 23,604
NBC Universal, Inc.      
3.650%, 04/30/2015 (S)   25,000 25,627
News America, Inc.      
4.500%, 02/15/2021 (S)   25,000 24,455
6.150%, 03/01/2037   35,000 34,681
O’Reilly Automotive, Inc.      
4.875%, 01/14/2021   50,000 49,379
Omnicom Group, Inc.      
4.450%, 08/15/2020   20,000 19,668
6.250%, 07/15/2019   15,000 16,741
Target Corp.      
5.875%, 03/01/2012   10,000 10,492
TCM Sub LLC      
3.550%, 01/15/2015 (S)   25,000 25,282
Thomson Reuters Corp.      
6.500%, 07/15/2018   25,000 28,911
Time Warner Cable, Inc.      
8.250%, 04/01/2019   55,000 66,938
Time Warner, Inc.      
4.700%, 01/15/2021   25,000 24,863
6.100%, 07/15/2040   25,000 24,450
Yum! Brands Inc      
5.300%, 09/15/2019   25,000 26,482
 
      728,244
Consumer Staples - 0.31%      
Altria Group, Inc.      
8.500%, 11/10/2013   25,000 29,134
9.250%, 08/06/2019   10,000 13,035
Anheuser-Busch InBev Worldwide, Inc.      
2.875%, 02/15/2016   25,000 24,769
6.875%, 11/15/2019   35,000 41,289
Bunge Ltd. Finance Corp.      
8.500%, 06/15/2019   10,000 11,860
Church & Dwight Company, Inc.      
3.350%, 12/15/2015   5,000 5,004
Kraft Foods, Inc.      
5.375%, 02/10/2020   50,000 52,713
Philip Morris International, Inc.      
4.500%, 03/26/2020   25,000 25,650
Safeway, Inc.      
5.000%, 08/15/2019   15,000 15,488
The Coca-Cola Company      
1.500%, 11/15/2015   45,000 42,994
The Kroger Company      
5.000%, 04/15/2013   25,000 26,696
Wal-Mart Stores, Inc.      
3.250%, 10/25/2020   50,000 46,629
5.250%, 09/01/2035   20,000 19,551
 
      354,812
Energy - 0.75%      
Apache Corp.      
3.625%, 02/01/2021   25,000 23,618

 

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Boardwalk Pipelines LP      
5.750%, 09/15/2019 $ 25,000 $ 26,561
Buckeye Partners LP      
4.875%, 02/01/2021   25,000 24,795
5.500%, 08/15/2019   25,000 25,896
Canadian Natural Resources, Ltd.      
6.250%, 03/15/2038   25,000 26,902
ConocoPhillips Company      
5.900%, 10/15/2032   45,000 48,141
Devon Financing Corp. ULC      
7.875%, 09/30/2031   25,000 32,097
Diamond Offshore Drilling, Inc.      
5.700%, 10/15/2039   25,000 24,687
Enbridge Energy Partners LP      
5.200%, 03/15/2020   25,000 25,959
Ensco PLC      
3.250%, 03/15/2016   50,000 49,751
Enterprise Products Operating LLC      
3.200%, 02/01/2016   50,000 49,600
Hess Corp.      
8.125%, 02/15/2019   15,000 18,806
Magellan Midstream Partners LP      
6.550%, 07/15/2019   15,000 17,082
Motiva Enterprises LLC      
6.850%, 01/15/2040 (S)   10,000 11,429
Nabors Industries, Inc.      
9.250%, 01/15/2019   25,000 31,473
Noble Energy, Inc.      
6.000%, 03/01/2041   50,000 50,177
Noble Holding International, Ltd.      
3.050%, 03/01/2016   25,000 24,752
3.450%, 08/01/2015   5,000 5,099
NuStar Logistics LP      
4.800%, 09/01/2020   25,000 24,554
Occidental Petroleum Corp.      
4.125%, 06/01/2016   35,000 36,963
Petroleos Mexicanos      
4.875%, 03/15/2015   25,000 26,625
Plains All American Pipeline LP/PAA      
Finance Corp.      
5.750%, 01/15/2020   25,000 26,720
Schlumberger SA      
2.650%, 01/15/2016 (S)   50,000 49,754
Shell International Finance BV      
4.300%, 09/22/2019   25,000 25,715
Spectra Energy Capital LLC      
5.650%, 03/01/2020   20,000 21,092
Talisman Energy, Inc.      
3.750%, 02/01/2021   25,000 23,222
Transocean, Inc.      
4.950%, 11/15/2015   25,000 26,389
Valero Energy Corp.      
9.375%, 03/15/2019   15,000 19,151
Weatherford International, Ltd.      
9.625%, 03/01/2019   25,000 31,801
Williams Partners LP      
4.125%, 11/15/2020   15,000 14,260
5.250%, 03/15/2020   25,000 26,050
 
      869,121
Financials - 2.88%      
ACE INA Holdings, Inc.      
5.900%, 06/15/2019   15,000 16,606
Aflac, Inc.      
3.450%, 08/15/2015   40,000 40,105

 

48

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Aflac, Inc. (continued)      
8.500%, 05/15/2019 $ 10,000 $ 12,074
AMB Property LP      
6.625%, 12/01/2019   25,000 27,571
American Express Company      
8.125%, 05/20/2019   60,000 74,768
Ameriprise Financial, Inc.      
7.300%, 06/28/2019   15,000 17,895
Bank of America Corp.      
3.625%, 03/17/2016   25,000 24,604
6.500%, 08/01/2016   90,000 99,446
7.375%, 05/15/2014   35,000 39,493
Bank of New York Mellon Corp.      
1.500%, 01/31/2014   50,000 49,804
5.450%, 05/15/2019   10,000 10,955
Bank of Nova Scotia      
2.375%, 12/17/2013   50,000 50,964
BB&T Corp.      
3.950%, 04/29/2016   25,000 25,750
5.700%, 04/30/2014   10,000 11,032
Blackrock, Inc.      
5.000%, 12/10/2019   25,000 26,189
BNP Paribas      
5.000%, 01/15/2021   50,000 50,390
Boston Properties LP      
4.125%, 05/15/2021   25,000 23,739
Capital One Bank      
6.500%, 06/13/2013   25,000 27,180
Capital One Financial Corp.      
7.375%, 05/23/2014   35,000 40,139
Citigroup, Inc.      
5.375%, 08/09/2020   25,000 25,699
5.500%, 10/15/2014   100,000 107,753
8.500%, 05/22/2019   25,000 30,809
CME Group Index Services LLC      
4.400%, 03/15/2018 (S)   25,000 25,520
Commonwealth Bank of Australia      
2.125%, 03/17/2014 (S)   25,000 24,916
5.000%, 10/15/2019 (S)   25,000 25,787
Credit Suisse AG      
5.400%, 01/14/2020   50,000 50,429
Credit Suisse USA, Inc.      
5.125%, 01/15/2014   25,000 27,072
Credit Suisse/New York      
5.500%, 05/01/2014   25,000 27,379
Crown Castle Towers LLC      
6.113%, 01/15/2020 (S)   49,000 53,050
Deutsche Bank AG      
3.875%, 08/18/2014   25,000 26,042
ERAC USA Finance LLC      
2.250%, 01/10/2014 (S)   25,000 24,920
5.250%, 10/01/2020 (S)   25,000 25,703
European Investment Bank      
1.375%, 10/20/2015   100,000 96,032
3.125%, 06/04/2014   25,000 26,130
Fifth Third Bancorp      
3.625%, 01/25/2016   50,000 49,869
General Electric Capital Corp.      
2.100%, 01/07/2014   25,000 25,015
5.300%, 02/11/2021   20,000 20,282
5.500%, 01/08/2020   100,000 105,655
5.625%, 05/01/2018   90,000 97,135
HSBC Bank USA, Inc.      
4.625%, 04/01/2014   100,000 106,230

 

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Inter-American Development Bank      
3.875%, 09/17/2019 $ 25,000 $ 25,865
John Deere Capital Corp.      
1.600%, 03/03/2014   25,000 24,983
5.500%, 04/13/2017   25,000 27,847
7.000%, 03/15/2012   10,000 10,613
JPMorgan Chase & Company      
3.700%, 01/20/2015   70,000 71,918
4.650%, 06/01/2014   25,000 26,698
4.750%, 05/01/2013   40,000 42,467
6.300%, 04/23/2019   40,000 44,219
KeyCorp      
3.750%, 08/13/2015   25,000 25,221
Kreditanstalt fuer Wiederaufbau      
1.250%, 10/26/2015   100,000 95,438
4.000%, 10/15/2013 to 01/27/2020   40,000 41,777
4.875%, 06/17/2019   10,000 11,036
Landwirtschaftliche Rentenbank      
4.875%, 11/16/2015   20,000 22,112
Lincoln National Corp.      
4.300%, 06/15/2015   25,000 25,898
8.750%, 07/01/2019   10,000 12,647
Lloyds TSB Bank PLC      
4.875%, 01/21/2016   25,000 25,746
Mack-Cali Realty LP      
7.750%, 08/15/2019   15,000 18,051
Merrill Lynch & Company, Inc.      
6.500%, 07/15/2018   80,000 86,275
MetLife, Inc.      
6.750%, 06/01/2016   35,000 40,393
Morgan Stanley      
4.750%, 04/01/2014   125,000 130,144
National Rural Utilities      
Cooperative Finance Corp.      
3.050%, 03/01/2016   25,000 25,113
3.875%, 09/16/2015   20,000 20,859
Northern Trust Corp.      
3.450%, 11/04/2020   40,000 37,895
Pacific LifeCorp.      
6.000%, 02/10/2020 (S)   25,000 26,585
PNC Funding Corp.      
3.625%, 02/08/2015   50,000 51,624
6.700%, 06/10/2019   10,000 11,617
Pricoa Global Funding I      
5.625%, 05/24/2011 (S)   10,000 10,068
Principal Financial Group, Inc.      
8.875%, 05/15/2019   10,000 12,695
Regions Financial Corp.      
5.750%, 06/15/2015   10,000 10,188
SunTrust Banks, Inc.      
3.600%, 04/15/2016   25,000 24,818
The Allstate Corp.      
7.450%, 05/16/2019   25,000 29,659
The Goldman Sachs Group, Inc.      
6.000%, 05/01/2014   85,000 93,259
6.150%, 04/01/2018   35,000 37,881
7.500%, 02/15/2019   10,000 11,601
The Royal Bank of Scotland PLC      
3.250%, 01/11/2014   50,000 50,563
4.375%, 03/16/2016   25,000 25,127
The Travelers Companies, Inc.      
3.900%, 11/01/2020   10,000 9,466
5.900%, 06/02/2019   10,000 11,046
Toyota Motor Credit Corp.      
2.800%, 01/11/2016   50,000 49,708

 

49

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Unum Group      
5.625%, 09/15/2020 $ 10,000 $ 10,150
US Bancorp      
2.000%, 06/14/2013   25,000 25,359
3.442%, 02/01/2016   25,000 24,880
4.200%, 05/15/2014   10,000 10,636
Ventas Realty LP/Ventas Capital Corp.      
3.125%, 11/30/2015   25,000 24,223
Wachovia Corp.      
5.750%, 02/01/2018   55,000 60,493
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
7.500%, 06/02/2014 (S)   10,000 11,436
Wells Fargo & Company      
3.625%, 04/15/2015   75,000 77,191
3.676%, 06/15/2016   25,000 25,106
Westpac Banking Corp.      
4.200%, 02/27/2015   25,000 26,132
 
      3,324,857
Health Care - 0.31%      
AmerisourceBergen Corp.      
4.875%, 11/15/2019   50,000 51,794
Amgen, Inc.      
5.750%, 03/15/2040   25,000 25,461
Baxter International Inc      
4.500%, 08/15/2019   25,000 26,006
Express Scripts, Inc.      
6.250%, 06/15/2014   10,000 11,100
Mckesson Corp.      
6.000%, 03/01/2041   25,000 25,886
Medtronic, Inc.      
5.550%, 03/15/2040   25,000 25,806
Novartis Capital Corp.      
4.400%, 04/24/2020   25,000 25,830
Roche Holdings, Inc.      
6.000%, 03/01/2019 (S)   25,000 28,299
Sanofi-Aventis SA      
1.625%, 03/28/2014   75,000 74,809
Teva Pharmaceutical Finance III BV      
1.700%, 03/21/2014   25,000 24,805
UnitedHealth Group, Inc.      
4.700%, 02/15/2021   15,000 15,141
WellPoint, Inc.      
6.000%, 02/15/2014   25,000 27,686
 
      362,623
Industrials - 0.24%      
BAE Systems Holdings, Inc.      
4.950%, 06/01/2014 (S)   10,000 10,618
Burlington Northern Santa Fe Corp.      
5.650%, 05/01/2017   40,000 44,491
Canadian Pacific Railway Company      
5.950%, 05/15/2037   25,000 25,486
Caterpillar Financial Services Corp.      
2.750%, 06/24/2015   25,000 25,407
L-3 Communications Corp.      
4.950%, 02/15/2021   50,000 50,230
Norfolk Southern Corp.      
5.750%, 04/01/2018   25,000 27,978
Republic Services, Inc.      
5.500%, 09/15/2019   15,000 16,076
Roper Industries, Inc.      
6.250%, 09/01/2019   20,000 22,029

 

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Union Pacific Corp.      
4.000%, 02/01/2021 $ 25,000 $ 24,521
Waste Management, Inc.      
4.750%, 06/30/2020   25,000 25,353
 
      272,189
Information Technology - 0.18%      
Agilent Technologies, Inc.      
2.500%, 07/15/2013   25,000 25,206
Arrow Electronics Inc      
6.000%, 04/01/2020   25,000 26,421
Broadcom Corp.      
2.375%, 11/01/2015 (S)   10,000 9,643
Cisco Systems, Inc.      
1.625%, 03/14/2014   50,000 49,875
Hewlett-Packard Company      
2.200%, 12/01/2015   50,000 49,020
Oracle Corp.      
3.750%, 07/08/2014   15,000 15,906
Xerox Corp.      
8.250%, 05/15/2014   30,000 35,040
 
      211,111
Materials - 0.34%      
Air Products & Chemicals, Inc.      
4.375%, 08/21/2019   25,000 25,465
Allegheny Technologies, Inc.      
5.950%, 01/15/2021   50,000 52,566
Arcelormittal      
3.750%, 03/01/2016   50,000 49,843
Cliffs Natural Resources, Inc.      
4.875%, 04/01/2021   30,000 29,545
Holcim US Finance      
6.000%, 12/30/2019 (S)   25,000 26,173
Lubrizol Corp.      
8.875%, 02/01/2019   20,000 25,672
Newmont Mining Corp.      
6.250%, 10/01/2039   25,000 26,504
Praxair, Inc.      
4.050%, 03/15/2021   25,000 24,958
4.500%, 08/15/2019   25,000 26,004
Rio Tinto Finance USA, Ltd.      
8.950%, 05/01/2014   10,000 12,020
Teck Resources, Ltd.      
6.000%, 08/15/2040   25,000 25,156
The Dow Chemical Company      
4.250%, 11/15/2020   15,000 14,303
8.550%, 05/15/2019   25,000 31,562
Vale Overseas, Ltd.      
6.875%, 11/10/2039   25,000 26,712
 
      396,483
Telecommunication Services - 0.45%      
America Movil SAB de CV      
6.375%, 03/01/2035   35,000 37,706
AT&T, Inc.      
5.100%, 09/15/2014   45,000 49,160
5.800%, 02/15/2019   50,000 55,483
6.450%, 06/15/2034   25,000 25,717
COX Communications, Inc.      
9.375%, 01/15/2019 (S)   15,000 19,462
Rogers Communications, Inc.      
6.375%, 03/01/2014   25,000 28,017
SBA Tower Trust      
4.254%, 04/15/2015 (S)   100,000 104,080

 

50

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
Telecom Italia Capital SA      
6.175%, 06/18/2014 $ 15,000 $ 16,090
Telefonica Emisiones SAU      
5.877%, 07/15/2019   15,000 15,757
Verizon Communications, Inc.      
5.500%, 02/15/2018   75,000 81,688
8.750%, 11/01/2018   15,000 19,174
Verizon Wireless Capital LLC      
5.550%, 02/01/2014   25,000 27,428
8.500%, 11/15/2018   10,000 12,836
Vodafone Group PLC      
5.625%, 02/27/2017   25,000 27,582
 
      520,180
Utilities - 0.49%      
AGL Capital Corp.      
5.250%, 08/15/2019   15,000 15,775
Allegheny Energy Supply Company LLC      
6.750%, 10/15/2039 (S)   25,000 23,720
CenterPoint Energy Resources Corp.      
4.500%, 01/15/2021 (S)   50,000 48,952
Dominion Resources, Inc.      
1.800%, 03/15/2014   25,000 24,934
Duke Energy Carolinas LLC      
5.300%, 02/15/2040   25,000 24,549
Entergy Louisiana LLC      
5.400%, 11/01/2024   25,000 26,051
Exelon Generation Company LLC      
6.250%, 10/01/2039   20,000 19,548
FirstEnergy Solutions Corp.      
4.800%, 02/15/2015   15,000 15,720
Kansas Gas & Electric Company      
6.700%, 06/15/2019 (S)   15,000 16,998
MidAmerican Energy Holdings Company      
6.125%, 04/01/2036   20,000 21,197
Niagara Mohawk Power Corp.      
4.881%, 08/15/2019 (S)   15,000 15,746
NSTAR      
4.500%, 11/15/2019   25,000 25,591
Ohio Power Company      
5.375%, 10/01/2021   25,000 26,555
Pacific Gas & Electric Company      
5.400%, 01/15/2040   25,000 23,895
PPL Electric Utilities Corp.      
7.125%, 11/30/2013   25,000 28,473
Progress Energy, Inc.      
4.400%, 01/15/2021   50,000 49,566
Public Service Company of Colorado      
3.200%, 11/15/2020   25,000 23,208
Public Service Electric & Gas Company      
5.375%, 11/01/2039   25,000 24,643
Sempra Energy      
2.000%, 03/15/2014   25,000 24,807
6.500%, 06/01/2016   10,000 11,398
Southern Company      
4.150%, 05/15/2014   35,000 36,994
Virginia Electric and Power Company      
5.000%, 06/30/2019   15,000 15,967
Xcel Energy, Inc.      
4.700%, 05/15/2020   20,000 20,567
 
      564,854
TOTAL CORPORATE BONDS (Cost $7,392,829) $ 7,604,474

 

Balanced Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
MUNICIPAL BONDS - 0.23%      
California - 0.02%      
University of California      
5.770%, 05/15/2043 $ 20,000 $ 19,319
District of Columbia - 0.02%      
District of Columbia      
5.591%, 12/01/2034   25,000 25,150
Illinois - 0.05%      
Chicago Metropolitan Water Reclamation      
District      
5.720%, 12/01/2038   25,000 24,800
City of Chicago      
6.395%, 01/01/2040   20,000 19,199
Illinois State Toll Highway Authority      
6.184%, 01/01/2034   10,000 9,672
 
      53,671
New York - 0.06%      
New York City Municipal Water Finance      
Authority      
6.011%, 06/15/2042   20,000 20,516
New York City Transitional Finance Authority    
5.508%, 08/01/2037   25,000 24,248
New York State Dormitory Authority      
5.628%, 03/15/2039   25,000 24,477
 
      69,241
Texas - 0.03%      
State of Texas      
5.517%, 04/01/2039   25,000 25,456
Texas Transportation Commission      
5.178%, 04/01/2030   15,000 14,765
 
      40,221
Utah - 0.01%      
Utah Transit Authority      
5.937%, 06/15/2039   15,000 15,711
Virginia - 0.04%      
Virginia Commonwealth Transportation Board    
5.350%, 05/15/2035   20,000 19,444
Virginia Public Building Authority      
5.900%, 08/01/2030   25,000 25,444
 
      44,888
TOTAL MUNICIPAL BONDS (Cost $270,574) $ 268,201
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 1.15%      
Commercial & Residential - 1.15%      
Banc of America Commercial Mortgage, Inc.,    
Series 2005-1, Class A5      
5.167%, 11/10/2042 (P)   65,000 69,628
Bear Stearns Commercial Mortgage Securities    
Series 2005-PWR9, Class A4A,      
4.871%, 09/11/2042   50,000 52,897
Series 2006-PW3, Class A4,      
5.540%, 09/11/2041   70,000 74,976
Series 2007-PW17, Class A4,      
5.694%, 06/11/2050 (P)   25,000 26,695
Series 2007-T28, Class A4,      
5.742%, 09/11/2042 (P)   30,000 32,527
Series2007-T28, Class AAB,      
5.746%, 09/11/2042   95,000 102,106
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2006-CD3, Class A5    
5.617%, 10/15/2048   130,000 139,542

 

51

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
Shares or
Principal
  Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Commercial Mortgage Pass Through      
Certificates, Series 2007-C9, Class A4      
5.815%, 12/10/2049 (P) $ 70,000 $ 75,847
Credit Suisse Mortgage Capital Certificates,      
Series 2006-C4, Class A3      
5.467%, 09/15/2039   140,000 148,014
Greenwich Capital Commercial      
Funding Corp., Series 2007-GG9,      
Class AAB      
5.441%, 03/10/2039   35,000 36,740
GS Mortgage Securities Corp. II,      
Series 2006-GG6, Class A4      
5.553%, 04/10/2038 (P)   25,000 26,776
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2005-LDP1, Class A4,      
5.038%, 03/15/2046 (P)   50,000 53,185
Series 2006-LDP9, Class A3,      
5.336%, 05/15/2047   100,000 104,550
Merrill Lynch Mortgage Trust,      
Series 2007-C1, Class A4      
5.828%, 06/12/2050 (P)   110,000 117,853
Morgan Stanley Capital I      
Series 2007-HQ11, Class A4,      
5.447%, 02/12/2044 (P)   65,000 68,132
Series 2007-IQ14, Class A4,      
5.692%, 04/15/2049 (P)   35,000 36,824
Series 2008-T29, Class A4,      
6.280%, 01/11/2043 (P)   43,000 48,103
Wachovia Bank Commercial Mortgage Trust,    
Series 2006-C26, Class A2      
5.935%, 06/15/2045   114,607 115,419
 
      1,329,814
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $1,275,574)   $ 1,329,814
 
ASSET BACKED SECURITIES - 0.43%      
AmeriCredit Automobile Receivables Trust,      
Series 2010-1, Class C      
5.190%, 08/17/2015   20,000 21,379
Carmax Auto Owner Trust, Series 2011-1,      
Class A4      
2.160%, 09/15/2016   70,000 69,711
Ford Credit Auto Owner Trust 2011-A A4      
1.650%, 05/15/2016   100,000 99,349
GE Capital Credit Card Master Note Trust,      
Series 2009-2, Class A      
3.690%, 07/15/2015   104,000 107,644
GE Equipment Small Ticket LLC,      
Series 2011-1, Class A3      
1.450%, 01/21/2018 (S)   100,000 99,772
Honda Auto Receivables Owner Trust,      
Series 2010-1, Class A4      
1.980%, 05/23/2016   10,000 10,141
Hyundai Auto Receivables Trust,      
Series 2011-A, Class A4      
1.780%, 12/15/2015   75,000 74,668
USAA Auto Owner Trust, Series 2010-1,      
Class A4      
2.140%, 09/15/2015   15,000 15,247
TOTAL ASSET BACKED SECURITIES (Cost $493,911) $ 497,911

 

Balanced Trust (continued)    
Shares or
Principal
  Amount Value
 
INVESTMENT COMPANIES - 0.02%      
Central Fund of Canada, Ltd., Class A   500 $ 11,185
First Opportunity Fund, Inc.   800 5,800
TOTAL INVESTMENT COMPANIES (Cost $13,274)   $ 16,985
 
SECURITIES LENDING COLLATERAL - 1.55%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   179,383 1,795,069
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $1,795,108)     $ 1,795,069
 
SHORT-TERM INVESTMENTS - 0.93%    
Money Market Funds* - 0.93%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0248% $ 204,803 $ 204,803
T. Rowe Price Prime Reserve Fund, 0.1942% 867,681 867,681
 
      1,072,484
TOTAL SHORT-TERM INVESTMENTS (Cost $1,072,484) $ 1,072,484
Total Investments (Balanced Trust)      
(Cost $104,490,938) - 101.23%     $ 116,920,386
Other assets and liabilities, net - (1.23%)     (1,425,509)
 
TOTAL NET ASSETS - 100.00%     $ 115,494,877
 
 
 
Blue Chip Growth Trust      
Shares or
Principal
  Amount Value
 
COMMON STOCKS - 99.55%      
Consumer Discretionary - 20.95%      
Auto Components - 0.69%      
Johnson Controls, Inc.   315,400 $ 13,111,178
Automobiles - 0.09%      
General Motors Company (I)   52,800 1,638,384
Hotels, Restaurants & Leisure - 6.77%      
Carnival Corp.   570,600 21,888,216
Chipotle Mexican Grill, Inc. (I)(L)   12,800 3,486,336
Las Vegas Sands Corp. (I)   300,100 12,670,222
Marriott International, Inc., Class A   660,929 23,515,854
McDonald’s Corp.   196,300 14,936,467
Starbucks Corp.   823,400 30,424,630
Starwood Hotels &      
Resorts Worldwide, Inc. (L)   271,600 15,785,392
Wynn Resorts, Ltd.   40,000 5,090,000
 
      127,797,117
Household Durables - 0.45%      
Stanley Black & Decker, Inc.   109,700 8,403,020
Internet & Catalog Retail - 6.34%      
Amazon.com, Inc. (I)   438,289 78,948,998
Liberty Media Corp. - Interactive, Series A (I) 759,400 12,180,776
Netflix, Inc. (I)   1,600 379,728
priceline.com, Inc. (I)   55,500 28,107,420
 
      119,616,922
Leisure Equipment & Products - 0.12%      
Mattel, Inc.   92,900 2,315,997
Media - 2.67%      
Discovery Communications, Inc., Series C (I) 280,200 9,865,842
Omnicom Group, Inc.   216,000 10,596,960
The Walt Disney Company   631,600 27,215,644

 

52

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Time Warner, Inc. 76,466 $ 2,729,836
    50,408,282
Multiline Retail - 0.13%    
Dollar Tree, Inc. (I) 20,900 1,160,368
Kohl’s Corp. 22,730 1,205,599
 
    2,365,967
Specialty Retail - 1.76%    
Bed Bath & Beyond, Inc. (I) 276,700 13,356,309
CarMax, Inc. (I) 82,100 2,635,410
O’Reilly Automotive, Inc. (I) 245,000 14,077,700
Tiffany & Company 51,200 3,145,728
 
    33,215,147
Textiles, Apparel & Luxury Goods - 1.93%    
Coach, Inc. 272,800 14,196,512
Fossil, Inc. (I) 4,100 383,965
NIKE, Inc., Class B 154,300 11,680,510
Polo Ralph Lauren Corp. 82,600 10,213,490
 
    36,474,477
    395,346,491
Consumer Staples - 0.30%    
Beverages - 0.10%    
Anheuser-Busch InBev NV 12,400 707,319
PepsiCo, Inc. 4,004 257,898
The Coca-Cola Company 13,500 895,725
 
    1,860,942
Food & Staples Retailing - 0.19%    
Costco Wholesale Corp. 4,100 300,612
Whole Foods Market, Inc. 50,800 3,347,720
 
    3,648,332
Household Products - 0.01%    
The Procter & Gamble Company 3,937 242,519
 
    5,751,793
Energy - 9.11%    
Energy Equipment & Services - 5.24%    
Cameron International Corp. (I) 279,200 15,942,320
FMC Technologies, Inc. (I)(L) 126,400 11,942,272
Halliburton Company 217,100 10,820,264
McDermott International, Inc. (I) 154,700 3,927,833
National Oilwell Varco, Inc. 16,200 1,284,174
Schlumberger, Ltd. 588,492 54,882,764
 
    98,799,627
Oil, Gas & Consumable Fuels - 3.87%    
Cimarex Energy Company 37,800 4,356,072
Concho Resources, Inc. (I) 75,800 8,133,340
EOG Resources, Inc. 167,400 19,838,574
Exxon Mobil Corp. 3,638 306,065
Occidental Petroleum Corp. 103,800 10,846,062
Peabody Energy Corp. 263,000 18,925,480
Range Resources Corp. (L) 127,400 7,447,804
Suncor Energy, Inc. 71,800 3,219,512
 
    73,072,909
    171,872,536
Financials - 11.09%    
Capital Markets - 5.02%    
Ameriprise Financial, Inc. 180,851 11,046,379
Credit Suisse Group AG 17,500 743,666
Franklin Resources, Inc. 350,765 43,873,686

 

Blue Chip Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Capital Markets (continued)    
Invesco, Ltd. 620,700 $ 15,865,092
Northern Trust Corp. 93,689 4,754,717
State Street Corp. 71,107 3,195,549
TD Ameritrade Holding Corp. 88,500 1,846,995
The Charles Schwab Corp. 193,986 3,497,568
The Goldman Sachs Group, Inc. 62,176 9,853,031
 
    94,676,683
Commercial Banks - 1.33%    
PNC Financial Services Group, Inc. 1,600 100,784
U.S. Bancorp 374,100 9,887,463
Wells Fargo & Company 477,400 15,133,580
 
    25,121,827
Consumer Finance - 1.00%    
American Express Company 417,052 18,850,750
Diversified Financial Services - 2.78%    
CME Group, Inc. 2,200 663,410
IntercontinentalExchange, Inc. (I) 129,100 15,949,014
JPMorgan Chase & Company 675,600 31,145,160
NYSE Euronext 135,800 4,776,086
 
    52,533,670
Insurance - 0.42%    
Prudential Financial, Inc. 128,100 7,888,398
Real Estate Management & Development - 0.54%    
CB Richard Ellis Group, Inc., Class A (I) 385,300 10,287,510
 
    209,358,838
Health Care - 7.36%    
Biotechnology - 1.28%    
Amgen, Inc. (I) 6,200 331,390
Celgene Corp. (I) 356,200 20,492,186
Vertex Pharmaceuticals, Inc. (I) 68,200 3,268,826
 
    24,092,402
Health Care Equipment & Supplies - 1.18%    
Edwards Lifesciences Corp. (I) 40,200 3,497,400
Intuitive Surgical, Inc. (I)(L) 200 66,692
Stryker Corp. (L) 307,079 18,670,403
 
    22,234,495
Health Care Providers & Services - 3.81%    
Cardinal Health, Inc. 184,400 7,584,372
Express Scripts, Inc. (I) 635,000 35,312,350
McKesson Corp. 367,600 29,058,780
 
    71,955,502
Health Care Technology - 0.05%    
Cerner Corp. (I)(L) 8,000 889,600
Life Sciences Tools & Services - 0.13%    
Thermo Fisher Scientific, Inc. (I) 46,100 2,560,855
Pharmaceuticals - 0.91%    
Allergan, Inc. 198,100 14,069,062
Shire PLC, ADR (L) 36,200 3,153,020
 
    17,222,082
 
    138,954,936
Industrials - 15.59%    
Aerospace & Defense - 3.36%    
Honeywell International, Inc. 268,800 16,050,048
Precision Castparts Corp. 177,100 26,065,578
The Boeing Company 40,800 3,016,344
United Technologies Corp. 216,000 18,284,400
 
    63,416,370

 

53

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Air Freight & Logistics - 1.80%    
Expeditors International of Washington, Inc. 222,400 $ 11,151,136
FedEx Corp. 244,000 22,826,200
 
    33,977,336
Electrical Equipment - 1.77%    
Emerson Electric Company 294,700 17,219,321
Rockwell Automation, Inc. 131,800 12,474,870
Roper Industries, Inc. (L) 42,900 3,709,134
 
    33,403,325
Industrial Conglomerates - 1.23%    
3M Company 248,500 23,234,750
Machinery - 4.61%    
Caterpillar, Inc. 3,300 367,455
Cummins, Inc. 5,100 559,062
Danaher Corp. 1,291,726 67,040,579
Deere & Company 92,100 8,923,569
Eaton Corp. 61,400 3,404,016
Illinois Tool Works, Inc. 12,600 676,872
Joy Global, Inc. 60,100 5,938,481
 
    86,910,034
Road & Rail - 1.26%    
Union Pacific Corp. 242,300 23,825,359
Trading Companies & Distributors - 1.56%    
Fastenal Company (L) 307,600 19,941,708
WW Grainger, Inc. (L) 68,500 9,431,080
 
    29,372,788
    294,139,962
Information Technology - 29.55%    
Communications Equipment - 4.01%    
Juniper Networks, Inc. (I) 730,221 30,727,700
QUALCOMM, Inc. 818,177 44,860,645
 
    75,588,345
Computers & Peripherals - 8.22%    
Apple, Inc. (I) 391,400 136,383,330
EMC Corp. (I) 688,400 18,277,020
Hewlett-Packard Company 200 8,194
NetApp, Inc. (I) 10,200 491,436
 
    155,159,980
Electronic Equipment, Instruments & Components - 0.90%  
Corning, Inc. 817,500 16,865,025
Internet Software & Services - 9.23%    
Baidu, Inc., SADR (I) 277,800 38,283,618
eBay, Inc. (I) 464,978 14,432,917
Facebook, Inc., Class B (R) 267,042 6,676,050
Google, Inc., Class A (I) 160,866 94,301,258
Tencent Holdings, Ltd. 845,100 20,533,717
 
    174,227,560
IT Services - 4.81%    
Accenture PLC, Class A 347,400 19,096,578
Automatic Data Processing, Inc. 16,233 832,915
Fiserv, Inc. (I) 44,500 2,791,040
International Business Machines Corp. 54,700 8,919,929
MasterCard, Inc., Class A 114,200 28,746,424
The Western Union Company 477,600 9,919,752
Visa, Inc., Class A (L) 277,900 20,458,998
 
    90,765,636
Semiconductors & Semiconductor Equipment - 1.91%  
Altera Corp. 141,600 6,233,232
Broadcom Corp., Class A (I) 416,900 16,417,522

 

Blue Chip Growth Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Semiconductors & Semiconductor Equipment (continued)  
Marvell Technology Group, Ltd. (I)   11,110 $ 172,761
Xilinx, Inc. (L)   404,025 13,252,020
 
      36,075,535
Software - 0.47%      
Autodesk, Inc. (I)   66,200 2,920,082
Intuit, Inc. (I)   55,100 2,925,810
Microsoft Corp.   59,644 1,512,572
Salesforce.com, Inc. (I)   11,300 1,509,454
 
      8,867,918
 
      557,549,999
Materials - 4.01%      
Chemicals - 3.64%      
Air Products & Chemicals, Inc.   112,900 10,181,322
Monsanto Company   72,204 5,217,461
Potash Corp. of Saskatchewan, Inc.   189,500 11,167,235
Praxair, Inc.   397,100 40,345,360
The Mosaic Company   3,000 236,250
The Sherwin-Williams Company   18,100 1,520,219
 
      68,667,847
Metals & Mining - 0.37%      
Freeport-McMoRan Copper & Gold, Inc.   126,000 6,999,300
 
      75,667,147
Telecommunication Services - 1.59%      
Wireless Telecommunication Services - 1.59%    
American Tower Corp., Class A (I)   577,338 29,917,654
TOTAL COMMON STOCKS (Cost $1,377,255,077)   $ 1,878,559,356
 
SECURITIES LENDING COLLATERAL - 3.47%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   6,548,735 65,532,534
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $65,534,246)     $ 65,532,534
 
SHORT-TERM INVESTMENTS - 0.52%    
Money Market Funds* - 0.52%      
T. Rowe Price Prime Reserve Investment      
Fund, 0.1942% $ 9,290,784 $ 9,290,784
State Street Institutional U.S. Government      
Money Market Fund, 0.0248%   444,696 444,696
 
      9,735,480
TOTAL SHORT-TERM INVESTMENTS (Cost $9,735,480) $ 9,735,480
Total Investments (Blue Chip Growth Trust)    
(Cost $1,452,524,803) - 103.54%     $ 1,953,827,370
Other assets and liabilities, net - (3.54%)     (66,858,322)
 
TOTAL NET ASSETS - 100.00%     $ 1,886,969,048
 
 
 
Bond Trust      
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 44.36%      
U.S. Government - 12.50%      
U.S. Treasury Bonds      
4.250%, 11/15/2040 $ 186,870,000 $ 178,548,492

 

54

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government (continued)      
U.S. Treasury Notes      
0.750%, 12/15/2013 $ 1,500,000 $ 1,483,593
1.250%, 10/31/2015   21,575,000 20,787,858
1.375%, 11/30/2015   142,000,000 137,318,402
2.000%, 01/31/2016 (L)   144,750,000 143,483,438
2.125%, 02/29/2016 (L)   55,000,000 54,742,160
3.625%, 02/15/2021 (L)   135,700,000 137,438,588
 
      673,802,531
U.S. Government Agency - 31.86%      
Federal Home Loan Mortgage Corp.      
2.772%, 06/01/2035 (P)   7,987,695 8,449,336
3.805%, 12/01/2039 (P)   16,919,226 17,604,836
4.000%, TBA   71,500,000 73,382,145
4.000%, 04/01/2019 to 09/01/2040   113,933,082 112,868,115
4.239%, 09/01/2039 (P)   2,229,131 2,346,719
4.326%, 09/01/2039 (P)   2,583,885 2,694,784
4.500%, 02/01/2039 to 04/01/2040   90,743,848 92,335,974
5.000%, 09/01/2040   38,183,070 39,820,968
5.500%, 08/01/2035   11,027,003 11,795,043
6.500%, 05/01/2037 to 09/01/2039   36,726,117 41,057,241
Federal National Mortgage Association      
1.000%, 04/01/2041 to 04/04/2041   17,425,000 4,254,301
2.050%, 04/26/2013   25,000,000 25,027,400
2.493%, 01/01/2036 (P)   12,142,699 12,702,951
2.532%, 10/01/2035 (P)   97,410,523 102,290,705
3.150%, 10/01/2040 (P)   1,896,473 1,943,298
4.000%, 04/01/2024 to 11/01/2040   178,853,891 179,871,013
4.197%, 08/01/2039 (P)   8,591,631 8,991,069
4.340%, 09/01/2039 (P)   8,671,996 9,068,267
4.454%, 09/01/2039 (P)   7,276,857 7,627,577
4.500%, 06/01/2023 to 08/01/2040   129,951,238 134,523,675
5.000%, 06/01/2035 to 09/01/2040   117,433,563 122,987,133
5.500%, 12/01/2033 to 07/01/2038   364,504,826 391,022,148
6.000%, 04/01/2035 to 09/01/2039   66,346,854 72,339,620
6.500%, 07/01/2036 to 08/01/2039   171,138,422 191,506,049
Government National Mortgage Association      
3.500%, 10/20/2039 to 11/20/2039 (P)   41,395,521 43,063,722
5.000%, 08/15/2039   1,113,135 1,180,581
Tennessee Valley Authority      
5.250%, 09/15/2039   5,595,000 5,865,345
 
      1,716,620,015
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $2,402,994,271)   $ 2,390,422,546
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 0.16%      
South Korea - 0.16%      
Korea Development Bank      
4.000%, 09/09/2016   8,355,000 8,431,983
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $8,314,645)   $ 8,431,983
 
CORPORATE BONDS - 42.10%      
Consumer Discretionary - 3.32%      
Best Buy Company, Inc.      
6.750%, 07/15/2013   12,863,000 14,054,468
BorgWarner, Inc.      
5.750%, 11/01/2016   4,770,000 5,080,489
CBS Corp.      
5.900%, 10/15/2040   4,945,000 4,624,866
7.875%, 07/30/2030   7,625,000 8,851,558
8.200%, 05/15/2014   14,829,000 17,366,212

 

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
6.350%, 03/15/2040 $ 5,305,000 $ 5,301,950
Expedia, Inc.      
5.950%, 08/15/2020   11,240,000 11,338,350
Grupo Televisa SA      
6.625%, 01/15/2040   7,080,000 7,498,492
Hyundai Capital Services, Inc.      
4.375%, 07/27/2016 (S)   7,095,000 7,122,983
6.000%, 05/05/2015 (S)   8,390,000 8,996,463
Hyundai Motor Manufacturing      
4.500%, 04/15/2015 (S)   9,000,000 9,212,868
News America, Inc.      
6.150%, 02/15/2041 (S)   6,365,000 6,311,814
Nissan Motor Acceptance Corp.      
4.500%, 01/30/2015 (S)   9,000,000 9,397,368
Seminole Indian Tribe of Florida      
6.535%, 10/01/2020 (S)   115,000 113,008
Staples, Inc.      
9.750%, 01/15/2014   14,000,000 16,795,310
Time Warner Cable, Inc.      
6.750%, 07/01/2018   10,205,000 11,582,318
8.250%, 02/14/2014   5,450,000 6,331,494
United Business Media, Ltd.      
5.750%, 11/03/2020 (S)   6,185,000 6,007,565
Viacom, Inc.      
4.375%, 09/15/2014   9,236,000 9,843,987
Volvo Treasury AB      
5.950%, 04/01/2015 (S)   12,115,000 13,305,686
 
      179,137,249
Consumer Staples - 2.21%      
Anheuser-Busch InBev Worldwide, Inc.      
5.050%, 10/15/2016   5,550,000 6,010,411
7.200%, 01/15/2014   10,000,000 11,351,960
Archer-Daniels-Midland Company      
5.765%, 03/01/2041   5,415,000 5,524,342
Bunge Ltd. Finance Corp.      
4.100%, 03/15/2016   4,555,000 4,558,243
5.100%, 07/15/2015   3,455,000 3,599,212
5.350%, 04/15/2014   9,845,000 10,426,022
8.500%, 06/15/2019   7,351,000 8,718,426
CVS Caremark Corp.      
4.875%, 09/15/2014   11,950,000 12,943,451
5.750%, 06/01/2017   7,000,000 7,701,680
CVS Caremark Corp. (6.302% to 06/01/2012,      
then 3 month LIBOR + 2.065%)      
06/01/2037   17,120,000 16,820,400
Lorillard Tobacco Company      
6.875%, 05/01/2020   6,160,000 6,653,256
Philip Morris International, Inc.      
5.650%, 05/16/2018   11,805,000 13,119,026
The Kroger Company      
7.500%, 01/15/2014   10,000,000 11,377,180
 
      118,803,609
Energy - 3.66%      
Anadarko Petroleum Corp.      
5.750%, 06/15/2014   8,000,000 8,750,128
6.375%, 09/15/2017   10,655,000 11,712,551
DCP Midstream LLC      
9.750%, 03/15/2019 (S)   8,695,000 11,196,534
Enbridge, Inc.      
5.800%, 06/15/2014   15,000,000 16,610,895

 

55

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Energy Transfer Partners LP      
5.950%, 02/01/2015 $ 9,695,000 $ 10,615,628
9.700%, 03/15/2019   6,075,000 7,919,820
Enterprise Products Operating LLC      
6.500%, 01/31/2019   10,000,000 11,350,450
6.650%, 04/15/2018   5,295,000 6,021,538
Husky Energy, Inc.      
5.900%, 06/15/2014   15,000,000 16,598,190
6.200%, 09/15/2017   7,600,000 8,559,751
Kerr-McGee Corp.      
6.950%, 07/01/2024   6,115,000 6,751,957
Kinder Morgan Energy Partners LP      
7.750%, 03/15/2032   4,185,000 4,869,047
Marathon Petroleum Corp.      
6.500%, 03/01/2041 (S)   6,310,000 6,375,391
Motiva Enterprises LLC      
6.850%, 01/15/2040 (S)   4,765,000 5,445,914
NuStar Logistics LP      
4.800%, 09/01/2020   4,885,000 4,797,813
7.650%, 04/15/2018   9,212,000 10,737,397
Plains All American Pipeline LP/PAA      
Finance Corp.      
6.500%, 05/01/2018   5,625,000 6,312,617
Ras Laffan Liquefied Natural Gas      
Company, Ltd. III      
5.838%, 09/30/2027 (S)   65,000 65,180
Spectra Energy Capital LLC      
5.668%, 08/15/2014   6,175,000 6,759,754
6.200%, 04/15/2018   5,950,000 6,609,486
TransCanada Pipelines, Ltd. (6.350% to      
05/15/2017, then 3 month LIBOR + 2.210%)    
05/15/2067   9,625,000 9,653,105
Transocean, Inc.      
5.250%, 03/15/2013   1,000,000 1,060,838
Williams Partners LP      
7.250%, 02/01/2017   15,735,000 18,402,130
 
      197,176,114
Financials - 21.36%      
Aflac, Inc.      
6.900%, 12/17/2039   5,310,000 5,570,700
8.500%, 05/15/2019   9,325,000 11,259,033
AMB Property LP      
4.500%, 08/15/2017   5,000,000 5,040,495
6.625%, 12/01/2019   8,065,000 8,894,405
American Express Company      
7.000%, 03/19/2018   10,470,000 12,216,145
American Honda Finance Corp.      
7.625%, 10/01/2018 (S)   9,920,000 12,178,010
AON Corp.      
8.205%, 01/01/2027   7,335,000 8,144,945
AXA SA (6.379% to 12/14/2036, then      
3 month LIBOR + 2.256%)      
12/14/2036 (Q)(S)   5,770,000 5,106,450
Banco de Credito del Peru      
4.750%, 03/16/2016 (S)   3,960,000 3,900,600
Bank of America Corp.      
5.650%, 05/01/2018   7,500,000 7,824,840
6.500%, 08/01/2016   6,370,000 7,038,589
Bank of America NA      
5.300%, 03/15/2017   3,280,000 3,363,909
6.000%, 10/15/2036   7,660,000 7,445,604
Barclays Bank PLC      
5.140%, 10/14/2020   7,170,000 6,777,098
5.200%, 07/10/2014   14,730,000 15,905,601

 

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Barclays Bank PLC (continued)      
6.050%, 12/04/2017 (S) $ 6,495,000 $ 6,757,060
BB&T Corp.      
5.700%, 04/30/2014   6,142,000 6,775,959
BBVA Bancomer SA      
6.500%, 03/10/2021 (S)   10,960,000 10,817,761
Beaver Valley Funding      
9.000%, 06/01/2017   12,512,000 13,888,695
BioMed Realty LP      
6.125%, 04/15/2020   3,400,000 3,588,720
BNP Paribas      
5.000%, 01/15/2021   9,445,000 9,518,662
BPCE SA (12.500% to 09/30/2019, then      
3 month LIBOR + 12.980%)      
09/30/2019 (Q)(S)   60,000 67,312
Brandywine Operating Partnership LP      
7.500%, 05/15/2015   8,092,000 9,129,265
Capital One Financial Corp.      
6.150%, 09/01/2016   13,495,000 14,756,324
6.250%, 11/15/2013   7,752,000 8,524,138
CDP Financial, Inc.      
3.000%, 11/25/2014 (S)   13,000,000 13,236,769
Chubb Corp. (6.375% until 04/15/2017, then      
3 month LIBOR + 2.250%)      
03/29/2067   6,340,000 6,672,850
Chuo Mitsui Trust & Banking Company, Ltd.      
(5.506% to 04/15/2015, then 3 month      
LIBOR + 2.490%)      
04/15/2015 (Q)(S)   680,000 676,600
Citigroup, Inc.      
5.850%, 12/11/2034   8,670,000 8,501,551
6.125%, 11/21/2017   8,365,000 9,101,781
6.375%, 08/12/2014   13,030,000 14,390,710
6.875%, 03/05/2038   300,000 329,683
CNA Financial Corp.      
5.850%, 12/15/2014   9,000,000 9,692,406
6.500%, 08/15/2016   5,340,000 5,819,260
7.250%, 11/15/2023   11,948,000 13,026,391
Commonwealth Bank of Australia      
5.000%, 03/19/2020 (S)   8,970,000 9,191,021
CommonWealth REIT      
5.750%, 02/15/2014   2,000,000 2,085,480
6.250%, 06/15/2017   4,075,000 4,351,424
6.650%, 01/15/2018   4,550,000 4,960,674
Credit Agricole SA      
2.625%, 01/21/2014 (S)   6,000,000 5,996,982
Credit Suisse AG (3 month LIBOR + 0.690%      
to 05/15/2017, then 3 month      
LIBOR + 1.690%)      
05/15/2017 (Q)   13,365,000 10,685,718
Credit Suisse New York      
4.375%, 08/05/2020   9,160,000 8,933,611
5.300%, 08/13/2019   5,095,000 5,348,497
Crown Castle Towers LLC      
4.883%, 08/15/2020 (S)   11,430,000 11,423,976
6.113%, 01/15/2020 (S)   6,105,000 6,609,645
Dexus Property Group      
7.125%, 10/15/2014 (S)   14,815,000 16,601,882
Discover Bank      
7.000%, 04/15/2020   5,875,000 6,454,945
Discover Financial Services      
10.250%, 07/15/2019   11,460,000 14,725,458
Duke Realty LP      
6.750%, 03/15/2020   3,830,000 4,263,338
8.250%, 08/15/2019   5,625,000 6,746,726

 

56

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Equity One, Inc.      
6.250%, 12/15/2014 $ 7,000,000 $ 7,501,347
ERAC USA Finance LLC      
5.900%, 11/15/2015 (S)   6,504,000 7,201,710
6.375%, 10/15/2017 (S)   6,465,000 7,237,846
First Tennessee Bank NA      
5.050%, 01/15/2015   9,337,000 9,552,713
General Electric Capital Corp.      
0.793%, 08/15/2036 (P)   9,945,000 7,762,261
5.300%, 02/11/2021   5,105,000 5,177,088
5.625%, 05/01/2018   13,930,000 15,034,287
6.000%, 08/07/2019   6,560,000 7,152,519
Goodman Funding Pty, Ltd.      
6.375%, 04/15/2021 (S)   5,400,000 5,382,094
GTP Towers Issuer LLC      
4.436%, 02/15/2015 (S)   3,965,000 4,057,434
Harley-Davidson Funding Corp.      
5.750%, 12/15/2014 (S)   7,260,000 7,770,893
6.800%, 06/15/2018 (S)   3,995,000 4,381,704
Hartford Financial Services Group, Inc.      
6.300%, 03/15/2018   9,785,000 10,486,076
6.625%, 03/30/2040   4,805,000 4,870,262
HCP, Inc.      
5.375%, 02/01/2021   15,815,000 15,947,119
5.650%, 12/15/2013   15,000,000 16,234,590
6.300%, 09/15/2016   5,885,000 6,474,889
Health Care REIT, Inc.      
4.700%, 09/15/2017   4,400,000 4,406,807
4.950%, 01/15/2021   8,010,000 7,696,280
5.875%, 05/15/2015   7,500,000 8,169,533
6.200%, 06/01/2016   395,000 431,754
Healthcare Realty Trust, Inc.      
6.500%, 01/17/2017   12,120,000 13,342,084
Huntington Bancshares, Inc.      
7.000%, 12/15/2020   1,960,000 2,160,767
ICICI Bank, Ltd.      
5.750%, 11/16/2020 (S)   9,540,000 9,387,436
International Lease Finance Corp.      
7.125%, 09/01/2018 (S)   6,465,000 6,946,643
Jefferies Group, Inc.      
6.875%, 04/15/2021   4,475,000 4,746,122
8.500%, 07/15/2019   7,975,000 9,396,576
JPMorgan Chase & Company      
3.700%, 01/20/2015   5,855,000 6,015,445
4.250%, 10/15/2020   17,140,000 16,355,674
6.000%, 01/15/2018   16,080,000 17,603,853
JPMorgan Chase & Company, Series 1      
(7.900% to 04/30/2018, then 3 month      
LIBOR + 3.470%)      
04/30/2018 (Q)   9,285,000 10,158,811
Key Bank NA      
5.800%, 07/01/2014   15,919,000 17,369,937
Liberty Mutual Group, Inc.      
5.750%, 03/15/2014 (S)   10,348,000 10,854,131
7.500%, 08/15/2036 (S)   15,910,000 17,023,700
Lincoln National Corp.      
7.000%, 06/15/2040   3,160,000 3,606,925
8.750%, 07/01/2019   7,290,000 9,219,656
Lincoln National Corp. (6.050% to 04/20/17,      
then 3 month LIBOR + 2.040%)      
04/20/2067   10,875,000 10,168,125
Lloyds TSB Bank PLC      
6.375%, 01/21/2021   9,955,000 10,361,990
Mack-Cali Realty LP      
7.750%, 08/15/2019   6,665,000 8,020,741

 

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Macquarie Bank, Ltd.      
6.625%, 04/07/2021 (S) $ 5,695,000 $ 5,683,895
Macquarie Group, Ltd.      
6.000%, 01/14/2020 (S)   7,365,000 7,404,079
7.300%, 08/01/2014 (S)   8,930,000 9,898,253
Massachusetts Mutual Life      
Insurance Company      
5.625%, 05/15/2033 (S)   225,000 210,294
8.875%, 06/01/2039 (S)   4,970,000 6,796,768
Merrill Lynch & Company, Inc.      
6.875%, 04/25/2018   14,935,000 16,560,749
7.750%, 05/14/2038   11,565,000 13,278,840
MetLife, Inc.      
6.817%, 08/15/2018   5,000,000 5,772,370
10.750%, 08/01/2039   2,985,000 4,119,300
Morgan Stanley      
6.000%, 04/28/2015   5,900,000 6,416,427
7.300%, 05/13/2019   11,510,000 12,929,897
National City Bank      
0.679%, 06/07/2017 (P)   8,550,000 8,059,264
Nationwide Financial Services      
5.375%, 03/25/2021 (S)   4,390,000 4,341,649
New York Life Insurance Company      
6.750%, 11/15/2039 (S)   7,455,000 8,551,064
Nordea Bank AB      
1.750%, 10/04/2013 (S)   8,000,000 7,943,408
4.875%, 01/27/2020 (S)   7,945,000 8,118,638
Post Apartment Homes LP      
4.750%, 10/15/2017   4,135,000 4,061,393
ProLogis      
6.625%, 05/15/2018   7,725,000 8,353,792
7.625%, 08/15/2014   5,000,000 5,715,630
Prudential Financial, Inc.      
4.750%, 04/01/2014   4,000,000 4,250,272
Rabobank Nederland NV (11.000% to      
06/30/2019, then 3 month      
LIBOR + 10.868%)      
06/30/2019 (Q)   12,359,000 16,097,598
Regions Financial Corp.      
0.478%, 06/26/2012 (P)   5,166,000 4,987,308
7.750%, 11/10/2014   8,301,000 8,965,080
Santander Issuances SA (6.500% to      
11/15/2014, then 3 month LIBOR + 3.920%)    
08/11/2019 (S)   2,860,000 2,877,332
Silicon Valley Bank      
6.050%, 06/01/2017   545,000 570,513
Simon Property Group LP      
10.350%, 04/01/2019   310,000 426,789
TD Ameritrade Holding Corp.      
4.150%, 12/01/2014   7,000,000 7,278,838
Teachers Insurance & Annuity Association of    
America      
6.850%, 12/16/2039 (S)   12,930,000 14,578,924
The Bear Stearns Companies LLC      
7.250%, 02/01/2018   325,000 378,078
The Goldman Sachs Group, Inc.      
3.700%, 08/01/2015   5,000,000 5,028,910
6.150%, 04/01/2018   13,330,000 14,427,392
6.750%, 10/01/2037   20,720,000 20,898,793
The Royal Bank of Scotland PLC      
4.875%, 08/25/2014 (S)   15,778,000 16,366,362
4.875%, 03/16/2015   7,080,000 7,351,136
The Travelers Companies, Inc.      
3.900%, 11/01/2020   6,000,000 5,679,396

 

57

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Unum Group      
7.125%, 09/30/2016 $ 6,443,000 $ 7,253,755
UnumProvident Finance Company PLC      
6.850%, 11/15/2015 (S)   5,122,000 5,694,409
USB Realty Corp. (6.091% to 01/15/2012,      
then 3 month LIBOR + 1.147%)      
01/15/2012 (Q)(S)   465,000 390,600
Vornado Realty LP      
4.250%, 04/01/2015   15,025,000 15,362,371
W.R. Berkley Corp.      
5.600%, 05/15/2015   4,310,000 4,551,537
Wachovia Bank NA      
5.850%, 02/01/2037   7,295,000 7,444,445
6.600%, 01/15/2038   8,020,000 9,009,139
Wachovia Corp.      
4.875%, 02/15/2014   3,140,000 3,340,596
5.250%, 08/01/2014   10,000,000 10,684,910
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
6.750%, 09/02/2019 (S)   5,980,000 6,854,384
Wells Fargo Bank NA      
5.750%, 05/16/2016   8,620,000 9,447,373
Westpac Banking Corp.      
4.875%, 11/19/2019   11,220,000 11,549,733
Willis Group Holdings PLC      
5.750%, 03/15/2021   7,850,000 7,779,476
Willis North America, Inc.      
6.200%, 03/28/2017   7,398,000 7,876,429
7.000%, 09/29/2019   9,685,000 10,475,054
Woodside Finance, Ltd.      
4.500%, 11/10/2014 (S)   8,446,000 8,935,970
 
      1,151,014,132
Health Care - 0.43%      
Bio-Rad Laboratories, Inc.      
4.875%, 12/15/2020   4,445,000 4,372,769
Medco Health Solutions, Inc.      
7.125%, 03/15/2018   16,150,000 18,803,380
 
      23,176,149
Industrials - 2.99%      
America West Airlines 2000-1 Pass      
Through Trust      
8.057%, 07/02/2020   3,066,410 3,204,398
Asciano Finance, Ltd.      
4.625%, 09/23/2020 (S)   10,495,000 9,927,903
Continental Airlines 1998-1 Class A Pass      
Through Trust      
6.648%, 09/15/2017   4,094,235 4,309,183
Continental Airlines 1999-1 Class A Pass      
Through Trust      
6.545%, 02/02/2019   4,324,990 4,584,489
Continental Airlines 2007-1 Class A Pass      
Through Trust      
5.983%, 04/19/2022   12,269,983 12,576,732
Delta Air Lines 2007-1 Class A Pass      
Through Trust      
6.821%, 08/10/2022   94,188 97,249
Delta Air Lines 2010-1 Class A Pass      
Through Trust      
6.200%, 07/02/2018   3,404,666 3,532,341
Delta Air Lines 2010-2 Class A Pass      
Through Trust      
4.950%, 05/23/2019   5,000,000 5,000,000

 

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Delta Air Lines 2011-1 Class A Pass      
Through Trust      
5.300%, 04/15/2019 $ 5,080,000 $ 5,118,100
Embraer Overseas, Ltd.      
6.375%, 01/15/2020   7,410,000 7,965,750
GATX Corp.      
8.750%, 05/15/2014   9,335,000 10,768,091
General Electric Company      
5.250%, 12/06/2017   7,675,000 8,345,381
Ingersoll-Rand Global Holding Company, Ltd.      
6.875%, 08/15/2018   4,830,000 5,598,950
Northwest Airlines 2002-1 Class G-2 Pass      
Through Trust      
6.264%, 11/20/2021   11,838,526 12,193,682
Northwest Airlines 2007-1 Class A Pass      
Through Trust      
7.027%, 11/01/2019   71,357 73,497
Odebrecht Finance, Ltd.      
6.000%, 04/05/2023 (S)   7,685,000 7,608,150
Ryder System, Inc.      
5.850%, 03/01/2014   15,000,000 16,493,070
Textron, Inc.      
5.600%, 12/01/2017   6,689,000 6,978,968
6.200%, 03/15/2015   4,000,000 4,359,600
UAL 2009-2A Pass Through Trust      
9.750%, 01/15/2017   10,751,222 12,256,393
Voto-Votorantim Overseas Trading      
Operations NV      
6.625%, 09/25/2019 (S)   9,630,000 10,159,650
Voto-Votorantim, Ltd.      
6.750%, 04/05/2021 (S)   9,465,000 10,032,900
 
      161,184,477
Information Technology - 0.16%      
Fiserv, Inc.      
6.800%, 11/20/2017   7,780,000 8,657,001
Materials - 2.96%      
Allegheny Technologies, Inc.      
5.950%, 01/15/2021   3,150,000 3,311,680
9.375%, 06/01/2019   5,324,000 6,736,809
ArcelorMittal      
5.375%, 06/01/2013   11,302,000 12,010,726
6.125%, 06/01/2018   1,000,000 1,058,272
6.750%, 03/01/2041   6,275,000 6,145,101
9.850%, 06/01/2019   10,125,000 12,833,954
Cliffs Natural Resources, Inc.      
6.250%, 10/01/2040   6,585,000 6,541,058
Gerdau Trade, Inc.      
5.750%, 01/30/2021 (S)   5,875,000 5,948,438
Incitec Pivot Finance LLC      
6.000%, 12/10/2019 (S)   9,055,000 9,477,832
International Paper Company      
7.950%, 06/15/2018   8,633,000 10,369,796
9.375%, 05/15/2019   6,955,000 8,941,431
Mercer International, Inc.      
9.500%, 12/01/2017 (S)   2,160,000 2,365,200
Mosaic Company      
7.625%, 12/01/2016 (S)   8,150,000 8,802,000
Potash Corp. of Saskatchewan, Inc., Sr Note      
5.250%, 05/15/2014   11,000,000 11,977,966
Rio Tinto Finance USA, Ltd.      
7.125%, 07/15/2028   14,220,000 17,142,537
Teck Resources, Ltd.      
10.750%, 05/15/2019   22,270,000 28,438,790

 

58

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials (continued)      
Vale Overseas, Ltd.      
6.875%, 11/10/2039 $ 6,835,000 $ 7,303,068
      159,404,658
Telecommunication Services - 2.14%      
Alltel Corp.      
7.000%, 03/15/2016   10,000,000 11,694,900
America Movil SAB de CV      
5.000%, 03/30/2020   9,595,000 9,881,948
AT&T, Inc.      
6.500%, 09/01/2037   3,000,000 3,106,437
NBCUniversal Media LLC      
2.100%, 04/01/2014 (S)   20,055,000 19,944,597
Qwest Corp.      
7.500%, 10/01/2014   13,207,000 15,088,998
SBA Tower Trust      
5.101%, 04/15/2017 (S)   11,273,000 11,554,825
Telecom Italia Capital SA      
4.950%, 09/30/2014   7,350,000 7,649,579
5.250%, 11/15/2013   5,000,000 5,274,940
6.175%, 06/18/2014   9,240,000 9,911,711
7.721%, 06/04/2038   5,770,000 6,108,341
Telefonica Emisiones SAU      
2.582%, 04/26/2013   15,000,000 15,132,105
 
      115,348,381
Utilities - 2.87%      
Allegheny Energy Supply Company LLC      
5.750%, 10/15/2019 (S)   10,560,000 10,759,162
Appalachian Power Company      
5.000%, 06/01/2017   6,005,000 6,309,411
Commonwealth Edison Company      
5.800%, 03/15/2018   15,749,000 17,382,392
Duke Energy Corp.      
6.250%, 06/15/2018   5,000,000 5,656,910
6.300%, 02/01/2014   14,960,000 16,662,433
Exelon Generation Company LLC      
6.250%, 10/01/2039   5,900,000 5,766,513
FirstEnergy Solutions Corp.      
4.800%, 02/15/2015   7,545,000 7,907,183
Integrys Energy Group, Inc. (6.110% to      
12/01/2016, then 3 month LIBOR + 2.120%)    
12/01/2066   13,430,000 13,111,038
Israel Electric Corp., Ltd.      
7.250%, 01/15/2019 (S)   4,435,000 4,707,118
ITC Holdings Corp.      
5.500%, 01/15/2020 (S)   7,215,000 7,588,585
6.050%, 01/31/2018 (S)   4,760,000 5,197,544
KCP&L Greater Missouri Operations      
Company      
11.875%, 07/01/2012   6,390,000 7,124,818
Nisource Finance Corp.      
5.400%, 07/15/2014   7,000,000 7,640,941
Oncor Electric Delivery Company LLC      
5.000%, 09/30/2017 (S)   4,500,000 4,661,163
Pennsylvania Electric Company      
5.125%, 04/01/2014   5,525,000 5,739,000
PNPP II Funding Corp.      
9.120%, 05/30/2016   37,000 39,390
PSEG Power LLC      
5.000%, 04/01/2014   9,000,000 9,579,078
Salton Sea Funding Corp., Series F      
7.475%, 11/30/2018   15,524 16,414
Trans-Allegheny Interstate Line Company      
4.000%, 01/15/2015 (S)   12,300,000 12,642,641

 

Bond Trust (continued)      
Shares or
Principal
  Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
W3A Funding Corp.      
8.090%, 01/02/2017 $ 101,413 $ 101,554
Wisconsin Energy Corp. (6.250% to      
05/15/2017, then 3 month LIBOR + 2.113%)    
05/15/2067   6,015,000 6,037,556
 
      154,630,844
TOTAL CORPORATE BONDS (Cost $2,225,077,630) $ 2,268,532,614
 
MUNICIPAL BONDS - 0.09%      
California - 0.09%      
State of California      
7.600%, 11/01/2040   4,495,000 4,925,756
TOTAL MUNICIPAL BONDS (Cost $4,537,658) $ 4,925,756
 
CAPITAL PREFERRED SECURITIES - 1.27%    
Financials - 1.27%      
Allfirst Preferred Capital Trust      
1.803%, 07/15/2029 (P)   55,000 44,990
Fifth Third Capital Trust IV (6.500% to      
04/15/2017 then 3 month LIBOR + 1.368%)    
04/15/2037   17,241,000 16,788,424
MetLife Capital Trust X (9.250% to      
04/08/2038 then 3 month LIBOR + 5.540%)    
04/08/2068 (S)   4,155,000 5,017,163
PNC Preferred Funding Trust III (8.700% to    
03/15/2013 then 3 month LIBOR + 5.226%)    
03/15/2013 (Q)(S)   17,680,000 18,907,346
Sovereign Capital Trust VI      
7.908%, 06/13/2036   275,000 274,771
State Street Capital Trust III (5.300% to      
06/23/2011, then 3 month LIBOR + 4.990%)    
06/17/2011 (Q)   11,122,000 11,136,459
State Street Capital Trust IV      
1.309%, 06/15/2037 (P)   19,925,000 16,441,054
 
      68,610,207
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $67,020,762)   $ 68,610,207
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 10.55%      
 
COMMERCIAL & RESIDENTIAL - 0.12%    
American Tower Trust      
Series 2007-1A, Class C,      
5.615%, 04/15/2037 (S) $ 1,200,000 $ 1,267,765
Series 2007-1A, Class D,      
5.957%, 04/15/2037 (S)   275,000 290,025
Morgan Stanley Capital I, Series 2007-IQ13,    
Class A4      
5.364%, 03/15/2044   325,000 339,564
WaMu Mortgage Pass Through Certificates,    
Series 2005-AR12, Class 1A2      
2.725%, 10/25/2035 (P)   4,905,520 4,714,391
 
U.S. GOVERNMENT AGENCY - 10.43%    
Federal Home Loan Mortgage Corp.      
Series 3724, Class NB,      
2.250%, 07/15/2038   48,699,732 47,455,580
Series 3672, Class DA,      
4.000%, 01/15/2024   14,548,031 15,223,109
Series 3630, Class BI IO,      
4.000%, 05/15/2027   4,548,546 502,121

 

59

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT AGENCY (continued)    
Federal Home Loan Mortgage Corp. (continued)    
Series 3730, Class AB,      
4.000%, 11/15/2028 $ 38,421,276 $ 39,713,667
Series 3738, Class IC IO,      
4.000%, 08/15/2029   18,351,743 3,303,064
Series 3738, Class MI IO,      
4.000%, 09/15/2034   42,591,108 5,759,246
Series 3571, Class BA,      
4.500%, 04/15/2023   23,527,998 24,646,116
Series 3571, Class JA,      
4.500%, 04/15/2023   11,312,674 11,855,640
Series 3609, Class LI IO,      
4.500%, 12/15/2024   39,637,993 3,856,539
Series 3623, Class LI IO,      
4.500%, 01/15/2025   6,232,638 683,609
Series 3499, Class PA,      
4.500%, 08/15/2036   6,650,556 6,919,448
Series 3747, Class HI IO,      
4.500%, 07/15/2037   98,250,288 14,770,752
Series 3699, Class MiI,      
4.500%, 01/15/2038   45,345,769 8,826,840
Series 3794, Class PI IO,      
4.500%, 02/15/2038   27,279,365 4,605,504
Series 3714, Class KI IO,      
4.500%, 11/15/2039   32,233,134 6,439,510
Series 3581, Class IO,      
6.000%, 10/15/2039   5,244,758 1,045,066
Federal National Mortgage Association      
Series 2010-14, Class AI IO,      
4.000%, 08/25/2027   11,367,006 1,243,161
Series 2010-14, Class IA IO,      
4.000%, 08/25/2027   17,490,868 2,192,795
Series 2010-36, Class BI IO,      
4.000%, 03/25/2028   13,351,062 1,524,952
Series 2009-66, Class EK,      
4.000%, 09/25/2039   35,700,768 36,826,963
Series 402, Class 4 IO,      
4.000%, 10/25/2039   19,160,574 4,366,230
Series 402, Class 3 IO,      
4.000%, 11/25/2039   12,452,472 2,924,020
Series 2010-23, Class KA,      
4.000%, 02/25/2040   22,009,223 22,760,845
Series 2009-77, Class AB,      
4.500%, 05/25/2036   7,855,401 8,186,358
Series 2010-53, Class MA,      
4.500%, 09/25/2037   29,886,961 31,301,074
Series 398, Class C3 IO,      
4.500%, 05/25/2039   19,386,979 4,139,958
Series 401, Class C2 IO,      
4.500%, 06/25/2039   10,259,171 2,223,017
Series 402, Class 8 IO,      
4.500%, 11/25/2039   33,299,743 7,314,317
Series 402, Class 7 IO,      
4.500%, 11/25/2039   25,488,893 5,830,535
Series 2008-29, Class BG,      
4.700%, 12/25/2035   44,542,471 46,739,974
Series 2008-17, Class DP,      
4.750%, 02/25/2038   25,298,073 26,445,225
Series 2010-13, Class KI IO,      
5.000%, 12/25/2018   18,763,225 2,284,884
Series 2009-47, Class EI IO,      
5.000%, 08/25/2019   9,701,855 1,130,438
Series 2010-45, Class AI IO,      
5.000%, 02/25/2021   34,753,430 4,114,062
Series 366, Class 24 IO,      
5.000%, 10/01/2035   15,682,530 1,632,704

 

Bond Trust (continued)        
    Shares or    
    Principal    
    Amount   Value
 
 
U.S. GOVERNMENT AGENCY (continued)      
Federal National Mortgage        
Association (continued)        
Series 2010-68, Class CI IO,        
5.000%, 11/25/2038 $ 34,642,612 $ 6,479,852
Series 2009-50, Class GI IO,        
5.000%, 05/25/2039   17,580,616   3,171,197
Government National Mortgage Association      
Series 2009-103, Class DC,        
3.500%, 09/16/2039   15,378,379   15,626,214
Series 2010-114, Class MA,        
4.000%, 03/20/2039   28,689,168   29,658,573
Series 2009-69, Class PC,        
4.000%, 07/16/2039   21,550,643   22,334,552
Series 2010-91, Class GA,        
4.500%, 09/20/2036   61,005,564   64,144,227
Series 2009-40, Class BI IO,        
4.500%, 09/20/2036   43,425,698   6,142,500
Series 2009-123, Class DI, IO,        
4.500%, 07/20/2037   16,594,289   2,163,306
Series 2010-78, Class AI IO,        
4.500%, 04/20/2039   24,865,428   3,268,752
 
        561,776,496
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $574,839,658)     $ 568,388,241
 
ASSET BACKED SECURITIES - 0.15%        
Asset Backed Funding Certificates,        
Series 2005-HE1, Class M1        
0.669%, 03/25/2035 (P)   7,248,885   6,358,860
Bayview Financial Acquisition Trust,        
Series 2006-A, Class 2A3        
0.598%, 02/28/2041 (P)   2,019,751   1,743,938
TOTAL ASSET BACKED SECURITIES (Cost $7,967,316) $ 8,102,798
 
SECURITIES LENDING COLLATERAL - 4.20%    
John Hancock Collateral        
Investment Trust, 0.2876% (W)(Y)   22,592,350   226,079,385
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $226,084,738)     $ 226,079,385
 
SHORT-TERM INVESTMENTS - 2.03%      
U.S. Government & Agency        
Obligations* - 1.76%        
U.S. Treasury Bills        
0.013%, 04/07/2011   25,000,000   24,999,800
Federal Home Loan Bank Discount Notes        
0.001%, 04/01/2011   69,795,000   69,795,000
 
        94,794,800
Repurchase Agreement - 0.27%        
Repurchase Agreement with State Street Corp.      
dated 03/31/2011 at 0.010% to be        
repurchased at $14,389,004 on 04/01/2011,      
collateralized by $14,695,000 U.S. Treasury      
Bills, 0.010% due 09/22/2011 (valued at        
$14,680,305, including interest)   14,389,000   14,389,000
TOTAL SHORT-TERM INVESTMENTS (Cost $109,183,948) $ 109,183,800
Total Investments (Bond Trust)        
(Cost $5,626,020,626) - 104.91%     $ 5,652,677,330
Other assets and liabilities, net - (4.91%)       (264,394,288)
 
TOTAL NET ASSETS - 100.00%     $ 5,388,283,042

 

60

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Trust    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 98.99%    
Consumer Discretionary - 20.80%    
Auto Components - 1.01%    
BorgWarner, Inc. (I) 146,191 $ 11,649,961
Automobiles - 1.10%    
Bayerische Motoren Werke (BMW) AG 152,935 12,767,488
Hotels, Restaurants & Leisure - 3.80%    
Chipotle Mexican Grill, Inc. (I)(L) 36,538 9,951,855
Marriott International, Inc., Class A (L) 412,752 14,685,716
Starbucks Corp. 523,786 19,353,893
 
    43,991,464
Internet & Catalog Retail - 4.55%    
Amazon.com, Inc. (I) 254,664 45,872,626
priceline.com, Inc. (I) 13,199 6,684,502
 
    52,557,128
Media - 2.35%    
The Walt Disney Company 631,917 27,229,304
Specialty Retail - 2.43%    
Bed Bath & Beyond, Inc. (I) 236,003 11,391,865
Tiffany & Company (L) 196,557 12,076,462
Urban Outfitters, Inc. (I) 155,293 4,632,390
 
    28,100,717
Textiles, Apparel & Luxury Goods - 5.56%    
Burberry Group Plcburberry    
Group PLC-SADR 187,986 7,105,871
Coach, Inc. 255,090 13,274,884
LVMH Moet Hennessy Louis Vuitton SA 42,216 6,681,406
NIKE, Inc., Class B 260,020 19,683,514
Polo Ralph Lauren Corp. (L) 141,929 17,549,521
 
    64,295,196
    240,591,258
Consumer Staples - 5.50%    
Food & Staples Retailing - 3.25%    
Costco Wholesale Corp. 230,102 16,871,079
Whole Foods Market, Inc. 314,602 20,732,272
 
    37,603,351
Food Products - 0.99%    
Mead Johnson Nutrition Company 196,701 11,394,889
Personal Products - 1.26%    
The Estee Lauder    
Companies, Inc., Class A (L) 151,369 14,585,917
 
    63,584,157
Energy - 6.15%    
Energy Equipment & Services - 3.96%    
Schlumberger, Ltd. 491,452 45,832,814
Oil, Gas & Consumable Fuels - 2.19%    
Occidental Petroleum Corp. 242,091 25,296,089
 
    71,128,903
Financials - 3.82%    
Capital Markets - 2.48%    
The Charles Schwab Corp. 731,938 13,196,842
The Goldman Sachs Group, Inc. 97,621 15,470,000
 
    28,666,842
Consumer Finance - 1.34%    
American Express Company 343,388 15,521,138
 
    44,187,980

 

Capital Appreciation Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care - 12.96%    
Biotechnology - 2.44%    
Alexion Pharmaceuticals, Inc. (I) 16,702 $ 1,648,153
Celgene Corp. (I) 318,753 18,337,860
Vertex Pharmaceuticals, Inc. (I)(L) 171,223 8,206,718
 
    28,192,731
Health Care Providers & Services - 1.80%    
Express Scripts, Inc. (I) 373,462 20,768,222
Life Sciences Tools & Services - 2.67%    
Agilent Technologies, Inc. (I) 370,410 16,586,960
Illumina, Inc. (I)(L) 204,702 14,343,469
 
    30,930,429
Pharmaceuticals - 6.05%    
Allergan, Inc. 214,752 15,251,687
Novo Nordisk A/S, SADR 94,693 11,858,404
Pfizer, Inc. 644,236 13,084,433
Shire PLC, ADR (L) 211,751 18,443,512
Teva Pharmaceutical Industries, Ltd., SADR 226,362 11,356,582
 
    69,994,618
 
    149,886,000
Industrials - 10.25%    
Aerospace & Defense - 4.82%    
Precision Castparts Corp. 154,545 22,745,933
The Boeing Company 198,654 14,686,490
United Technologies Corp. 217,201 18,386,065
 
    55,818,488
Air Freight & Logistics - 1.42%    
Expeditors International of Washington, Inc. 101,527 5,090,564
United Parcel Service, Inc., Class B 152,076 11,302,288
 
    16,392,852
Machinery - 2.95%    
Deere & Company 174,961 16,951,971
Ingersoll-Rand PLC 355,009 17,150,485
 
    34,102,456
Road & Rail - 1.06%    
Union Pacific Corp. 125,001 12,291,348
 
    118,605,144
Information Technology - 34.56%    
Communications Equipment - 3.45%    
Juniper Networks, Inc. (I) 519,722 21,869,902
QUALCOMM, Inc. 328,405 18,006,446
 
    39,876,348
Computers & Peripherals - 7.92%    
Apple, Inc. (I) 159,781 55,675,689
EMC Corp. (I) 558,999 14,841,423
NetApp, Inc. (I) 436,586 21,034,713
 
    91,551,825
Internet Software & Services - 5.94%    
Baidu, Inc., SADR (I) 166,876 22,997,182
Google, Inc., Class A (I) 54,449 31,918,548
Mail.ru Group, Ltd., GDR (I)(S) 162,125 4,855,644
Tencent Holdings, Ltd., ADR 364,892 8,907,014
 
    68,678,388
IT Services - 6.40%    
Cognizant Technology    
Solutions Corp., Class A (I) 151,877 12,362,788
International Business Machines Corp. 225,666 36,799,355

 

61

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Trust (continued)  
    Shares or  
    Principal  
    Amount Value
COMMON STOCKS (continued)      
IT Services (continued)      
MasterCard, Inc., Class A   98,690 $ 24,842,247
      74,004,390
Semiconductors & Semiconductor Equipment - 3.61%  
Altera Corp. (L)   336,655 14,819,553
Atmel Corp. (I)   464,488 6,330,971
Avago Technologies, Ltd.   209,267 6,508,204
Broadcom Corp., Class A (I)   357,881 14,093,354
 
      41,752,082
Software - 7.24%      
Oracle Corp.   928,696 30,990,586
Red Hat, Inc. (I)   311,391 14,134,037
Salesforce.com, Inc. (I)   159,262 21,274,218
VMware, Inc., Class A (I)   213,179 17,382,616
 
      83,781,457
      399,644,490
Materials - 3.58%      
Chemicals - 3.58%      
E.I. du Pont de Nemours & Company   312,644 17,186,041
Monsanto Company   334,460 24,168,080
 
      41,354,121
      41,354,121
Telecommunication Services - 1.37%      
Wireless Telecommunication Services - 1.37%    
American Tower Corp., Class A (I)   305,599 15,836,136
TOTAL COMMON STOCKS (Cost $877,842,075)   $ 1,144,818,189
SECURITIES LENDING COLLATERAL - 3.76%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   4,342,484 43,454,801
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $43,455,231)     $ 43,454,801
SHORT-TERM INVESTMENTS - 0.09%    
Money Market Funds* - 0.09%      
State Street Institutional Treasury Money      
Market Fund, 0.0027% $ 1,044,744 $ 1,044,744
TOTAL SHORT-TERM INVESTMENTS (Cost $1,044,744) $ 1,044,744
Total Investments (Capital Appreciation Trust)    
(Cost $922,342,050) - 102.84%     $ 1,189,317,734
Other assets and liabilities, net - (2.84%)     (32,816,197)
TOTAL NET ASSETS - 100.00%     $ 1,156,501,537
 
 
Capital Appreciation Value Trust  
    Shares or  
    Principal  
    Amount Value
COMMON STOCKS - 66.70%      
Consumer Discretionary - 7.15%      
Automobiles - 0.26%      
General Motors Company (I)   29,000 $ 899,863
Hotels, Restaurants & Leisure - 1.86%      
Carnival Corp.   91,400 3,506,104
Carnival PLC   4,383 172,634

 

Capital Appreciation Value Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
McDonald’s Corp. 36,000 $ 2,739,240
 
    6,417,978
Leisure Equipment & Products - 0.15%    
Mattel, Inc. 21,500 535,995
Media - 2.33%    
Cablevision Systems Corp., Class A (L) 14,900 515,689
Time Warner, Inc. 211,000 7,532,700
 
    8,048,389
Multiline Retail - 2.29%    
Dollar General Corp. (I)(L) 123,300 3,865,455
Kohl’s Corp. 76,500 4,057,560
 
    7,923,015
Specialty Retail - 0.26%    
Lowe’s Companies, Inc. (L) 33,900 895,977
 
    24,721,217
Consumer Staples - 11.26%    
Beverages - 3.58%    
PepsiCo, Inc. 191,900 12,360,279
Food Products - 4.05%    
General Mills, Inc. 210,700 7,701,085
Kellogg Company (L) 114,900 6,202,302
Nestle SA 1,758 100,874
 
    14,004,261
Household Products - 3.22%    
Colgate-Palmolive Company 40,900 3,303,084
The Procter & Gamble Company 127,137 7,831,639
 
    11,134,723
Tobacco - 0.41%    
Philip Morris International, Inc. 21,300 1,397,919
 
    38,897,182
Energy - 6.52%    
Oil, Gas & Consumable Fuels - 6.52%    
Canadian Natural Resources, Ltd. 22,000 1,087,460
El Paso Corp. 100,100 1,801,800
EOG Resources, Inc. 34,900 4,135,999
Nexen, Inc. 303,900 7,573,188
QEP Resources, Inc. 8,900 360,806
Spectra Energy Corp. 103,400 2,810,412
Total SA 78,284 4,765,663
 
    22,535,328
 
    22,535,328
Financials - 11.15%    
Capital Markets - 0.75%    
Franklin Resources, Inc. 20,700 2,589,156
Commercial Banks - 5.25%    
PNC Financial Services Group, Inc. 30,200 1,902,298
U.S. Bancorp 392,900 10,384,347
Wells Fargo & Company 184,200 5,839,140
 
    18,125,785
Diversified Financial Services - 1.84%    
JPMorgan Chase & Company 116,300 5,361,430
Moody’s Corp. (L) 29,300 993,563
 
    6,354,993
Insurance - 3.31%    
AON Corp. (L) 132,100 6,996,016
Principal Financial Group, Inc. (L) 88,400 2,838,524

 

62

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Insurance (continued)    
The Allstate Corp. 51,000 $ 1,620,780
    11,455,320
    38,525,254
Health Care - 8.03%    
Health Care Equipment & Supplies - 0.57%    
Covidien PLC 37,900 1,968,526
Health Care Providers & Services - 0.81%    
Henry Schein, Inc. (I)(L) 11,357 796,921
Laboratory Corp. of America Holdings (I) 21,700 1,999,221
 
    2,796,142
Life Sciences Tools & Services - 3.28%    
Thermo Fisher Scientific, Inc. (I) 203,900 11,326,645
Pharmaceuticals - 3.37%    
Pfizer, Inc. 574,070 11,659,362
 
    27,750,675
Industrials - 9.32%    
Aerospace & Defense - 2.62%    
The Boeing Company 11,400 842,802
United Technologies Corp. 96,900 8,202,585
 
    9,045,387
Commercial Services & Supplies - 0.41%    
Republic Services, Inc. 47,600 1,429,904
Electrical Equipment - 0.61%    
Cooper Industries PLC (L) 32,600 2,115,740
Machinery - 4.25%    
Actuant Corp., Class A 100 2,900
Danaher Corp. 226,800 11,770,920
Illinois Tool Works, Inc. 54,200 2,911,624
 
    14,685,444
Trading Companies & Distributors - 1.43%    
Mitsubishi Corp. 177,600 4,930,012
 
    32,206,487
Information Technology - 8.58%    
Communications Equipment - 0.28%    
Cisco Systems, Inc. 56,000 960,400
Computers & Peripherals - 0.91%    
Hewlett-Packard Company 76,900 3,150,593
Electronic Equipment, Instruments & Components - 1.85%  
TE Connectivity, Ltd. 183,600 6,392,952
IT Services - 4.71%    
Accenture PLC, Class A 68,700 3,776,439
Amdocs, Ltd. (I) 59,500 1,716,575
Fiserv, Inc. (I) 14,400 903,168
International Business Machines Corp. (L) 56,000 9,131,920
MasterCard, Inc., Class A 2,900 729,988
 
    16,258,090
Semiconductors & Semiconductor Equipment - 0.83%  
Texas Instruments, Inc. 83,400 2,882,304
 
    29,644,339
Materials - 1.86%    
Chemicals - 1.86%    
Air Products & Chemicals, Inc. 52,500 4,734,450
Monsanto Company 23,400 1,690,884
 
    6,425,334
    6,425,334

 

Capital Appreciation Value Trust (continued)
Shares or
Principal
  Amount Value
 
COMMON STOCKS (continued)      
Telecommunication Services - 1.74%      
Diversified Telecommunication Services - 1.74%    
AT&T, Inc.   196,000 $ 5,997,600
Utilities - 1.09%      
Electric Utilities - 0.40%      
Edison International   1,400 51,226
Entergy Corp.   5,000 336,050
NV Energy, Inc.   65,300 972,317
 
      1,359,593
Multi-Utilities - 0.69%      
MDU Resources Group, Inc.   12,800 294,016
OGE Energy Corp.   33,500 1,693,760
PG&E Corp.   9,200 406,456
 
      2,394,232
 
      3,753,825
TOTAL COMMON STOCKS (Cost $191,161,588) $ 230,457,241
 
PREFERRED SECURITIES - 2.11%      
Consumer Discretionary - 0.82%      
Automobiles - 0.47%      
General Motors Company, Series B, 4.750% 33,800 1,629,160
Household Durables - 0.35%      
Newell Financial Trust I, 5.250%   25,400 1,216,660
 
      2,845,820
Consumer Staples - 0.13%      
Food Products - 0.13%      
H.J. Heinz Finance Company, 8.000% (S)   4 430,000
Energy - 0.02%      
Oil, Gas & Consumable Fuels - 0.02%      
Goodrich Petroleum Corp., Series B, 5.375% 1,500 73,050
Financials - 1.14%      
Commercial Banks - 0.06%      
Wells Fargo & Company, Series L, 7.500%   200 207,040
Diversified Financial Services - 0.61%      
AMG Capital Trust I, 5.100%   35,560 1,773,555
Citigroup, Inc., 7.500%   2,600 328,900
 
      2,102,455
Insurance - 0.47%      
Metlife, Inc., 5.000%   19,300 1,637,605
 
      3,947,100
TOTAL PREFERRED SECURITIES (Cost $6,931,596) $ 7,295,970
 
CORPORATE BONDS - 8.46%      
Consumer Discretionary - 1.70%      
CSC Holdings, Inc., Series B      
7.625%, 04/01/2011 $ 15,000 $ 15,000
Dish DBS Corp.      
6.625%, 10/01/2014   475,000 502,906
Dollar General Corp.      
10.625%, 07/15/2015   900,000 967,500
Home Depot, Inc.      
5.400%, 03/01/2016   530,000 585,063
4.400%, 04/01/2021   715,000 712,709
Hyatt Hotels Corp      
6.875%, 08/15/2019 (S)   299,000 319,621
Lamar Media Corp.      
9.750%, 04/01/2014   885,000 1,022,175

 

63

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
MGM Resorts International      
13.000%, 11/15/2013 $ 260,000 $ 312,325
10.375%, 05/15/2014   200,000 229,000
9.000%, 03/15/2020   175,000 191,844
Penske Automotive Group, Inc.      
7.750%, 12/15/2016   20,000 20,675
Sirius XM Radio, Inc.      
9.750%, 09/01/2015 (S)   225,000 253,406
Starwood Hotels & Resorts Worldwide, Inc.      
7.875%, 10/15/2014   350,000 400,050
Time Warner Cable, Inc.      
7.500%, 04/01/2014   80,000 91,617
Time Warner, Inc.      
5.875%, 11/15/2016   195,000 217,245
Univision Communications, Inc.      
7.875%, 11/01/2020 (S)   25,000 26,438
 
      5,867,574
Consumer Staples - 0.14%      
General Mills, Inc.      
5.200%, 03/17/2015   450,000 493,547
Energy - 1.19%      
Buckeye Partners LP      
5.500%, 08/15/2019   275,000 284,854
Consol Energy Inc.      
8.000%, 04/01/2017   1,100,000 1,204,500
Forest Oil Corp.      
8.500%, 02/15/2014   250,000 278,750
Gulfstream Natural Gas System LLC      
6.950%, 06/01/2016 (S)   135,000 157,065
Peabody Energy Corp.      
7.375%, 11/01/2016   180,000 199,800
6.500%, 09/15/2020   180,000 193,050
Petrohawk Energy Corp.      
10.500%, 08/01/2014   400,000 459,500
Pride International, Inc.      
8.500%, 06/15/2019   170,000 209,950
QEP Resources, Inc.      
6.875%, 03/01/2021   100,000 105,000
6.800%, 03/01/2020   120,000 123,456
Quicksilver Resources, Inc.      
11.750%, 01/01/2016   375,000 436,875
Range Resources Corp.      
8.000%, 05/15/2019   200,000 220,500
Southeast Supply Header LLC      
4.850%, 08/15/2014 (S)   118,000 123,185
Spectra Energy Capital LLC      
5.650%, 03/01/2020   125,000 131,823
 
      4,128,308
Financials - 0.51%      
Brandywine Operating Partnership LP      
4.950%, 04/15/2018   195,000 192,436
International Lease Finance Corp.      
6.750%, 09/01/2016 (S)   325,000 347,750
7.125%, 09/01/2018 (S)   100,000 107,450
Janus Capital Group, Inc.      
6.700%, 06/15/2017   675,000 726,453
Kreditanstalt Fuer Wiederaufbau      
2.750%, 09/08/2020   196,000 180,703
National Rural Utilities Cooperative      
Finance Corp.      
3.050%, 03/01/2016   195,000 195,881
 
      1,750,673

 

Capital Appreciation Value Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Health Care - 0.34%      
Beckman Coulter, Inc.      
7.000%, 06/01/2019 $ 120,000 $ 138,333
Life Technologies Corp.      
3.375%, 03/01/2013   220,000 225,842
Thermo Fisher Scientific, Inc.      
3.200%, 03/01/2016   395,000 401,100
4.500%, 03/01/2021   395,000 401,942
 
      1,167,217
Industrials - 1.05%      
American Airlines Pass      
Through Trust 2009-1A      
10.375%, 07/02/2019   117,543 138,113
Continental Airlines 2009-1 Pass      
Through Trust      
9.000%, 07/08/2016   295,902 335,848
Continental Airlines 2009-2 Class A Pass      
Through Trust      
7.250%, 11/10/2019   97,237 105,016
Continental Airlines, Inc.      
6.750%, 09/15/2015 (S)   190,000 191,663
Delta Air Lines 2009-1 Class A Pass      
Through Trust      
7.750%, 12/17/2019   234,290 256,547
Delta Air Lines 2011-1 Class A Pass      
Through Trust      
5.300%, 04/15/2019   150,000 151,125
Honeywell International, Inc.      
4.250%, 03/01/2021   975,000 979,643
US Airways 2010-1 Class A Pass      
Through Trust      
6.250%, 04/22/2023   530,000 529,470
US Airways 2010-1 Class B Pass      
Through Trust      
8.500%, 04/22/2017   80,000 80,400
Verisk Analytics, Inc.      
5.800%, 05/01/2021   670,000 672,059
Waste Management, Inc.      
6.375%, 03/11/2015   90,000 101,859
7.375%, 03/11/2019   80,000 96,197
 
      3,637,940
Information Technology - 0.81%      
Analog Devices, Inc.      
3.000%, 04/15/2016   480,000 477,276
Brocade Communications Systems, Inc.      
6.625%, 01/15/2018   225,000 238,219
6.875%, 01/15/2020   50,000 54,000
Cisco Systems, Inc.      
3.150%, 03/14/2017   480,000 477,079
First Data Corp.      
7.375%, 06/15/2019 (S)   350,000 357,438
International Business Machines Corp.      
7.625%, 10/15/2018   390,000 487,377
Juniper Networks Inc.      
4.600%, 03/15/2021   190,000 189,090
Tyco Electronics Group SA      
6.000%, 10/01/2012   475,000 506,049
 
      2,786,528
Materials - 0.14%      
Ball Corp.      
7.375%, 09/01/2019   125,000 135,313
Georgia-Pacific LLC      
8.250%, 05/01/2016 (S)   200,000 225,500

 

64

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Materials (continued)      
Silgan Holdings, Inc.      
7.250%, 08/15/2016 $ 100,000 $ 108,500
      469,313
Telecommunication Services - 1.84%      
American Tower Corp.      
4.500%, 01/15/2018   305,000 299,053
AT&T, Inc.      
5.800%, 02/15/2019   440,000 488,249
CC Holdings GS V LLC/Crown Castle      
GS III Corp.      
7.750%, 05/01/2017 (S)   825,000 899,250
Crown Castle International Corp.      
9.000%, 01/15/2015   2,925,000 3,224,813
Nextel Communications, Inc.      
5.950%, 03/15/2014   350,000 350,875
SBA Telecommunications, Inc.      
8.000%, 08/15/2016   100,000 108,875
8.250%, 08/15/2019   75,000 82,875
Sprint Capital Corp.      
6.900%, 05/01/2019   25,000 25,813
8.375%, 03/15/2012   125,000 131,875
Telefonica Emisiones SAU      
3.992%, 02/16/2016   355,000 356,265
5.462%, 02/16/2021   395,000 399,536
 
      6,367,479
Utilities - 0.74%      
Black Hills Corp.      
9.000%, 05/15/2014   95,000 107,886
Calpine Construction Finance Company LP      
8.000%, 06/01/2016 (S)   750,000 817,500
Calpine Corp.      
7.500%, 02/15/2021 (S)   275,000 284,625
CMS Energy Corp.      
6.250%, 02/01/2020   45,000 46,946
E.CL SA      
5.625%, 01/15/2021 (S)   170,000 170,047
Florida Gas Transmission Company LLC      
4.000%, 07/15/2015 (S)   100,000 102,046
Keyspan Gas East Corp.      
5.819%, 04/01/2041 (S)   385,000 384,725
The Cleveland Electric Illuminating Company    
8.875%, 11/15/2018   500,000 631,505
 
      2,545,280
TOTAL CORPORATE BONDS (Cost $27,385,251) $ 29,213,859
 
CONVERTIBLE BONDS - 3.08%      
Consumer Discretionary - 0.68%      
Group 1 Automotive, Inc.      
3.000%, 03/15/2020 (S)   447,000 570,484
Group 1 Automotive, Inc. (2.250% Steps down    
to 2.000% on 6/15/2016)      
06/15/2036   1,746,000 1,772,190
 
      2,342,674
Energy - 0.47%      
Goodrich Petroleum Corp      
3.250%, 12/01/2026   61,000 61,610
Oil States International, Inc.      
2.375%, 07/01/2025   511,000 1,230,233
Peabody Energy Corp.      
4.750%, 12/15/2041   258,000 341,850
 
      1,633,693

 

Capital Appreciation Value Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
CONVERTIBLE BONDS (continued)      
Financials - 0.39%      
Host Hotels & Resorts LP      
2.625%, 04/15/2027 (S) $ 1,332,000 $ 1,333,665
Industrials - 0.03%      
Actuant Corp.      
2.000%, 11/15/2023   75,000 110,438
Information Technology - 0.81%      
Liberty Media LLC      
3.125%, 03/30/2023   1,008,000 1,197,000
Linear Technology Corp.      
3.000%, 05/01/2027   236,000 253,405
Xilinx, Inc.      
3.125%, 03/15/2037   1,173,000 1,365,079
 
      2,815,484
Materials - 0.62%      
Newmont Mining Corp.      
1.250%, 07/15/2014   235,000 309,906
1.625%, 07/15/2017   683,000 923,758
United States Steel Corp.      
4.000%, 05/15/2014   497,000 906,404
 
      2,140,068
Telecommunication Services - 0.08%      
SBA Communications Corp.      
1.875%, 05/01/2013   229,000 261,060
TOTAL CONVERTIBLE BONDS (Cost $7,900,578) $ 10,637,082
 
TERM LOANS (M) - 8.58%      
Consumer Discretionary - 6.18%      
Cedar Fair LP      
4.000%, 12/15/2017   648,750 651,178
Charter Communications Operating LLC      
2.250%, 03/06/2014   60,242 60,091
3.560%, 09/06/2016   1,205,807 1,207,475
7.250%, 03/06/2014   199,233 199,981
CSC Holdings, Inc.      
1.060%, 02/24/2012   496,918 492,570
2.060%, 03/29/2016   2,563,777 2,565,700
Dine Equity, Inc.      
10/19/2017 (T)   1,375,000 1,383,594
Dollar General Corp.      
3.020%, 07/07/2014   1,750,000 1,748,210
Dunkin Brands, Inc.      
4.250%, 11/23/2017   5,246,875 5,282,916
Federal Mogul Corp.      
2.190%, 12/28/2015   1,404,509 1,368,394
2.200%, 12/29/2014   3,562,890 3,471,274
Intelsat Jackson Holdings SA      
5.250%, 04/03/2018   1,750,000 1,759,833
Univision Communications, Inc.      
4.500%, 03/31/2017   1,192,659 1,161,778
 
      21,352,994
Consumer Staples - 0.79%      
Pinnacle Foods Holding      
2.760%, 04/02/2014   735,771 731,939
Reynolds Group Holdings, Inc.      
4.250%, 02/09/2018   1,975,000 1,982,760
 
      2,714,699
Financials - 0.38%      
Fifth Third Processing      
5.500%, 11/03/2016   249,375 251,058
MSCI, Inc.      
03/14/2017 (T)   250,000 250,860

 

65

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
TERM LOANS (M) (continued)      
Financials (continued)      
Nuveen Investments, Inc.      
3.310%, 11/13/2014 $ 681,308 $ 654,055
WorldPay      
6.250%, 11/30/2017   150,000 146,116
 
      1,302,089
Health Care - 0.27%      
HCA, Inc.      
1.560%, 11/16/2012   952,802 946,301
Industrials - 0.14%      
Rexnord LLC      
2.810%, 07/19/2013   500,000 496,250
Information Technology - 0.39%      
First Data Corp.      
3.000%, 09/24/2014   1,423,164 1,362,457
Materials - 0.43%      
Georgia-Pacific Corp.      
2.310%, 12/23/2012   1,480,241 1,478,727
TOTAL TERM LOANS (Cost $28,889,559)   $ 29,653,517
 
SECURITIES LENDING COLLATERAL - 6.66%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   2,300,134 23,017,213
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $23,017,450)     $ 23,017,213
 
SHORT-TERM INVESTMENTS - 14.62%    
Money Market Funds* - 14.44%      
T. Rowe Price Prime Reserve Fund, 0.1942% $ 49,890,615 $ 49,890,615
Repurchase Agreement - 0.18%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be      
repurchased at $611,000 on 04/01/2011,      
collateralized by $620,000 Federal National    
Mortgage Assocation, 2.000% due      
07/14/2014 (valued at $623,875,      
including interest)   611,000 611,000
TOTAL SHORT-TERM INVESTMENTS (Cost $50,501,615) $ 50,501,615
Total Investments (Capital Appreciation Value Trust)  
(Cost $335,787,637) - 110.21%     $ 380,776,497
Other assets and liabilities, net - (10.21%)   (35,276,476)
TOTAL NET ASSETS - 100.00%     $ 345,500,021
 
 
 
Core Allocation Trust      
    Shares or  
    Principal  
    Amount Value
 
 
INVESTMENT COMPANIES - 100.02%      
Affiliated Investment Companies - 100.02%    
Equity - 87.22%      
John Hancock Trust (G) - 87.22%      
500 Index, Series NAV (John Hancock) (2)(A) 1,099,142 $ 12,607,152
Core Allocation Plus, Series NAV (Wellington) 5,740,033 65,378,980
International Index, Series NAV      
(John Hancock) (2)(A)   521,491 9,365,976
Mid Cap Index, Series NAV      
(John Hancock) (2)(A)   320,995 6,217,670

 

Core Allocation Trust (continued)    
Shares or
Principal
  Amount Value
 
INVESTMENT COMPANIES (continued)      
John Hancock Trust (G) (continued)      
Small Cap Index, Series NAV      
(John Hancock) (2)(A)   92,507 $ 1,398,703
Fixed Income - 12.80%      
John Hancock Trust (G) - 12.80%      
Total Bond Market A,      
Series NAV (Declaration) (A) 1,007,925 13,939,603
 
      13,939,603
TOTAL INVESTMENT COMPANIES (Cost $99,629,088) $ 108,908,084
Total Investments (Core Allocation Trust)      
(Cost $99,629,088) - 100.02%   $ 108,908,084
Other assets and liabilities, net - (0.02%)     (17,045)
 
TOTAL NET ASSETS - 100.00%   $ 108,891,039
 
 
 
Core Allocation Plus Trust      
Shares or
Principal
  Amount Value
 
COMMON STOCKS - 60.68%      
Consumer Discretionary - 8.87%      
Auto Components - 0.35%      
Autoliv, Inc. (L)   1,800 $ 133,614
BorgWarner, Inc. (I)(L)   2,500 199,225
Continental AG (I)   5,701 515,083
TRW Automotive Holdings Corp. (I)   1,600 88,128
 
      936,050
Automobiles - 0.99%      
Astra International Tbk PT   43,000 281,000
Dongfeng Motor Group Company, Ltd.   270,000 462,457
Ford Motor Company (I)   76,700 1,143,597
Hyundai Motor Company, Ltd.   3,105 576,322
Thor Industries, Inc. (L)   4,470 149,164
 
      2,612,540
Distributors - 0.12%      
Jardine Cycle and Carriage, Ltd.   7,000 202,747
LKQ Corp. (I)(L)   4,200 101,220
 
      303,967
Diversified Consumer Services - 0.16%      
Apollo Group, Inc., Class A (I)   4,500 187,695
Estacio Participacoes SA   9,600 155,820
Weight Watchers International, Inc.   1,000 70,100
 
      413,615
Hotels, Restaurants & Leisure - 1.14%      
AFC Enterprises, Inc. (I)   4,410 66,723
Chipotle Mexican Grill, Inc. (I)(L)   1,900 517,503
Darden Restaurants, Inc.   1,100 54,043
Domino’s Pizza UK & IRL PLC   16,017 110,036
Domino’s Pizza, Inc. (I)   5,400 99,522
Genting Singapore PLC (I)   264,000 428,471
Kangwon Land, Inc.   11,330 263,699
Shanghai Jin Jiang International Hotels      
Group Company, Ltd. 1,260,000 272,794
The Cheesecake Factory, Inc. (I)(L)   3,570 107,421
Wynn Macau, Ltd.   90,800 253,186
Wynn Resorts, Ltd. (L)   6,600 839,850
 
      3,013,248

 

66

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Household Durables - 0.29%    
Persimmon PLC 61,366 $ 438,494
Tempur-Pedic International, Inc. (I)(L) 6,180 313,079
 
    751,573
Internet & Catalog Retail - 1.38%    
Amazon.com, Inc. (I)(L) 11,830 2,130,938
Dena Company, Ltd. 10,300 372,103
Hyundai Home Shopping Network Corp. 4,495 497,391
Netflix, Inc. (I)(L) 620 147,145
priceline.com, Inc. (I) 740 374,766
Shutterfly, Inc. (I)(L) 2,000 104,720
 
    3,627,063
Leisure Equipment & Products - 0.40%    
Brunswick Corp. (L) 7,160 182,079
Mattel, Inc. 22,600 563,418
Sega Sammy Holdings, Inc. 18,400 314,914
 
    1,060,411
Media - 1.33%    
Cablevision Systems Corp., Class A (L) 3,900 134,979
Cinemark Holdings, Inc. (L) 7,120 137,772
DIRECTV, Class A (I) 16,130 754,884
DreamWorks Animation SKG, Inc. (I)(L) 25,200 703,836
Genius Products, Inc. (I) 16 64
MCOT PCL 31,900 30,587
Sirius XM Radio, Inc. (I)(L) 166,800 276,888
The Interpublic Group of Companies, Inc. 39,900 501,543
The McGraw-Hill Companies, Inc. 3,500 137,900
The Walt Disney Company 17,700 762,693
Time Warner Cable, Inc. 1,000 71,340
 
    3,512,486
Multiline Retail - 0.25%    
Big Lots, Inc. (I) 3,590 155,914
Hyundai Department Store Company, Ltd. 2,118 273,878
Kohl’s Corp. 3,700 196,248
Macy’s, Inc. 1,900 46,094
 
    672,134
Specialty Retail - 1.44%    
AutoZone, Inc. (I)(L) 1,100 300,916
Belle International Holdings, Ltd. 63,000 116,143
Dick’s Sporting Goods, Inc. (I) 7,360 294,253
Dufry Group AG (I) 5,003 575,473
Esprit Holdings, Ltd. 101,100 462,103
Limited Brands, Inc. 15,840 520,819
Lumber Liquidators Holdings, Inc. (I)(L) 28,250 705,968
Ross Stores, Inc. (L) 1,280 91,034
The Children’s Place Retail Stores, Inc. (I) 800 39,864
The Gap, Inc. 5,070 114,886
TJX Companies, Inc. 8,500 422,705
Ulta Salon, Cosmetics    
& Fragrance, Inc. (I)(L) 3,100 149,203
 
    3,793,367
Textiles, Apparel & Luxury Goods - 1.02%    
Anta Sports Products, Ltd. 172,000 266,804
China Dongxiang Group Company 257,000 81,181
Coach, Inc. 10,450 543,818
Columbia Sportswear Company 2,090 124,188
Daphne International Holdings, Ltd. 346,000 261,901
Hanesbrands, Inc. (I)(L) 8,541 230,949
Lululemon Athletica, Inc. (I)(L) 5,800 516,490
Skechers U.S.A., Inc., Class A (I)(L) 11,800 242,372
Under Armour, Inc., Class A (I)(L) 2,321 157,944

 

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods (continued)    
XTEP International Holdings 389,500 $ 264,260
 
    2,689,907
 
    23,386,361
Consumer Staples - 4.06%    
Beverages - 0.71%    
C&C Group PLC - London Exchange 38,575 173,435
Coca-Cola Enterprises, Inc. 16,200 442,260
Dr. Pepper Snapple Group, Inc. 12,800 475,648
Kirin Holdings Company, Ltd. 41,000 538,747
The Coca-Cola Company 3,410 226,254
 
    1,856,344
Food & Staples Retailing - 0.86%    
Fresh Market, Inc. (I) 2,190 82,651
Safeway, Inc. (L) 15,440 363,458
Wal-Mart Stores, Inc. 20,660 1,075,353
Walgreen Company 12,770 512,588
X5 Retail Group NV, GDR (I) 5,693 239,960
 
    2,274,010
Food Products - 1.20%    
Golden Agri-Resources, Ltd. 656,000 358,251
GrainCorp., Ltd. 3,034 23,854
Green Mountain    
Coffee Roasters, Inc. (I)(L) 25,510 1,648,201
Hormel Foods Corp. 3,400 94,656
Ralcorp Holdings, Inc. (I) 4,200 287,406
Smithfield Foods, Inc. (I) 3,900 93,834
Tyson Foods, Inc., Class A 34,600 663,974
 
    3,170,176
Household Products - 0.19%    
Kimberly-Clark Corp. 2,300 150,121
The Procter & Gamble Company 5,660 348,656
 
    498,777
Personal Products - 0.18%    
Herbalife, Ltd. 2,000 162,720
Pola Orbis Holdings, Inc. 14,500 301,444
 
    464,164
Tobacco - 0.92%    
Altria Group, Inc. (L) 24,030 625,501
Lorillard, Inc. 8,940 849,389
Philip Morris International, Inc. 14,560 955,573
 
    2,430,463
 
    10,693,934
Energy - 6.94%    
Energy Equipment & Services - 0.76%    
Ensco International PLC, ADR 12,600 728,784
Global Industries, Ltd. (I)(L) 9,200 90,068
Gulfmark Offshore, Inc., Class A (I) 2,850 126,854
Halliburton Company 8,400 418,656
Helmerich & Payne, Inc. (L) 1,900 130,511
Hornbeck Offshore Services, Inc. (I) 2,250 69,413
National Oilwell Varco, Inc. 2,100 166,467
Schlumberger, Ltd. 1,120 104,451
Tidewater, Inc. 2,770 165,785
 
    2,000,989
Oil, Gas & Consumable Fuels - 6.18%    
Alpha Natural Resources, Inc. (I)(L) 21,500 1,276,455
Anadarko Petroleum Corp. 4,380 358,810
Bumi Resources Tbk PT 964,500 370,314

 

67

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Cabot Oil & Gas Corp. 2,860 $ 151,494
Canadian Natural Resources, Ltd. 13,900 687,330
Chevron Corp. 15,900 1,708,137
ConocoPhillips 15,030 1,200,296
CONSOL Energy, Inc. 6,400 343,232
Denbury Resources, Inc. (I) 16,100 392,840
Devon Energy Corp. 3,970 364,327
Exxon Mobil Corp. 32,035 2,695,105
Hess Corp. 2,800 238,588
Inpex Corp. 116 872,628
James River Coal Company (I) 5,530 133,660
Karoon Gas Australia, Ltd. (I) 22,589 167,139
Marathon Oil Corp. 14,485 772,195
MEG Energy Corp. (I) 6,600 333,982
Murphy Oil Corp. 6,440 472,825
Noble Energy, Inc. 3,840 371,136
Occidental Petroleum Corp. 1,300 135,837
OGX Petroleo e Gas Participacoes SA (I) 27,400 329,777
Peabody Energy Corp. (L) 15,120 1,088,035
Petroleo Brasileiro SA, ADR 8,100 327,483
Rosetta Resources, Inc. (I)(L) 3,160 150,226
Sunoco, Inc. 3,300 150,447
Total SA 3,637 221,408
Valero Energy Corp. 32,800 978,096
 
    16,291,802
    18,292,791
Financials - 7.59%    
Capital Markets - 1.09%    
Ameriprise Financial, Inc. 9,450 577,206
CETIP SA - Balcao Organizado de Ativos    
e Derivativos 5,900 97,571
EFG International 16,052 238,384
Evercore Partners, Inc., Class A 2,900 99,441
Invesco, Ltd. 3,400 86,904
SBI Holdings, Inc. (I) 2,290 288,246
The Goldman Sachs Group, Inc. 3,980 630,711
UBS AG (Swiss Exchange) (I) 48,400 868,770
 
    2,887,233
Commercial Banks - 1.87%    
Banco Bradesco SA, ADR (L) 20,100 417,075
Banco Santander Brasil SA, ADR 58,300 714,758
Banco Santander SA 14,588 170,018
BNP Paribas 2,741 200,578
Huntington Bancshares, Inc. 15,400 102,256
KeyCorp 19,300 171,384
Mitsubishi UFJ Financial Group 112,000 517,047
Nordea Bank AB (L) 13,498 147,802
PNC Financial Services Group, Inc. 3,690 232,433
Seven Bank, Ltd. 158 316,779
U.S. Bancorp 6,900 182,367
UniCredit Italiano SpA 79,550 196,739
Wells Fargo & Company 49,200 1,559,640
 
    4,928,876
Consumer Finance - 0.34%    
Capital One Financial Corp. (L) 7,820 406,327
Discover Financial Services 17,600 424,512
Green Dot Corp., Class A (I) 1,330 57,070
 
    887,909
Diversified Financial Services - 1.60%    
Aberdeen Asset Management PLC 79,623 269,349
Bank of America Corp. 51,704 689,214

 

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Diversified Financial Services (continued)    
Citigroup, Inc. (I) 169,100 $ 747,422
IntercontinentalExchange, Inc. (I) 1,200 148,248
JPMorgan Chase & Company 42,880 1,976,768
Justice Holdings, Ltd. (I) 6,627 104,981
The NASDAQ OMX Group, Inc. (I) 10,800 279,072
 
    4,215,054
Insurance - 1.96%    
ACE, Ltd. 10,200 659,940
Aflac, Inc. 2,900 153,062
American Financial Group, Inc. 1,500 52,530
American International Group, Inc. (I)(L) 800 28,112
Assurant, Inc. 5,900 227,209
Axis Capital Holdings, Ltd. 1,900 66,348
Berkshire Hathaway, Inc., Class B (I)(L) 2,660 222,456
Chubb Corp. (L) 1,830 112,197
Everest Re Group, Ltd. 1,450 127,861
Marsh & McLennan Companies, Inc. (L) 8,700 259,347
Prudential Financial, Inc. 1,140 70,201
Reinsurance Group of America, Inc. 1,500 94,170
Resolution, Ltd. 217,519 1,033,733
Sony Financial Holdings, Inc. 11,400 223,934
The Allstate Corp. 15,460 491,319
The Travelers Companies, Inc. 11,890 707,217
Unum Group (L) 7,890 207,113
Validus Holdings, Ltd. 2,900 96,657
White Mountains Insurance Group, Ltd. 660 240,372
XL Group PLC 4,200 103,320
 
    5,177,098
Real Estate Investment Trusts - 0.40%    
American Capital Agency Corp. 3,300 96,162
Annaly Capital Management, Inc. 18,910 329,980
Public Storage 4,200 465,822
The Link REIT 54,688 171,641
 
    1,063,605
Real Estate Management & Development - 0.33%    
CB Richard Ellis Group, Inc., Class A (I) 13,400 357,780
City Developments, Ltd. 26,000 238,048
Wheelock and Company, Ltd. 71,000 266,763
 
    862,591
 
    20,022,366
Health Care - 4.87%    
Biotechnology - 0.87%    
Alkermes, Inc. (I) 6,200 80,290
Amgen, Inc. (I) 4,760 254,422
Ardea Biosciences, Inc. (I)(L) 2,350 67,422
Biogen Idec, Inc. (I) 7,470 548,223
Celgene Corp. (I) 3,400 195,602
Cubist Pharmaceuticals, Inc. (I) 6,200 156,488
Exelixis, Inc. (I) 6,200 70,060
Gilead Sciences, Inc. (I) 11,480 487,211
Incyte Corp. (I)(L) 4,690 74,337
Onyx Pharmaceuticals, Inc. (I)(L) 2,050 72,119
Pharmasset, Inc. (I)(L) 1,310 103,110
Regeneron Pharmaceuticals, Inc. (I) 2,370 106,508
Seattle Genetics, Inc. (I)(L) 5,750 89,528
 
    2,305,320
Health Care Equipment & Supplies - 0.33%    
Gen-Probe, Inc. (I)(L) 3,470 230,235
HeartWare International, Inc. (I)(L) 1,340 114,610
Intuitive Surgical, Inc. (I)(L) 580 193,407
NuVasive, Inc. (I)(L) 2,910 73,681

 

68

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Equipment & Supplies (continued)    
Volcano Corp. (I) 4,580 $ 117,248
Zoll Medical Corp. (I)(L) 2,990 133,982
 
    863,163
Health Care Providers & Services - 1.03%    
Aetna, Inc. 11,500 430,445
CIGNA Corp. 5,500 243,540
Humana, Inc. (I) 3,510 245,489
United Drug PLC 53,536 174,329
UnitedHealth Group, Inc. 31,500 1,423,800
WellCare Health Plans, Inc. (I) 4,450 186,678
 
    2,704,281
Health Care Technology - 0.11%    
Allscripts-Misys    
Healthcare Solutions, Inc. (I) 4,770 100,122
SXC Health Solutions Corp. (I) 3,440 188,512
 
    288,634
Life Sciences Tools & Services - 0.18%    
Agilent Technologies, Inc. (I)(L) 2,100 94,038
Illumina, Inc. (I) 1,500 105,105
Parexel International Corp. (I)(L) 3,760 93,624
Pharmaceutical Product Development, Inc. 6,690 185,380
 
    478,147
Pharmaceuticals - 2.35%    
Abbott Laboratories (L) 17,430 854,942
AstraZeneca PLC (I) 4,522 207,898
AstraZeneca PLC, SADR 700 32,284
Auxilium Pharmaceuticals, Inc. (I) 2,900 62,263
Bristol-Myers Squibb Company 980 25,901
Daiichi Sankyo Company, Ltd. 11,300 218,175
Eli Lilly & Company 25,980 913,717
Forest Laboratories, Inc. (I) 10,960 354,008
H. Lundbeck A/S 14,672 340,441
Johnson & Johnson 9,760 578,280
Merck & Company, Inc. 18,710 617,617
Pfizer, Inc. 66,655 1,353,763
Salix Pharmaceuticals, Ltd. (I) 2,780 97,383
Shionogi & Company, Ltd. 8,900 151,829
UCB SA 10,197 387,500
 
    6,196,001
    12,835,546
Industrials - 6.89%    
Aerospace & Defense - 1.50%    
BAE Systems PLC (I) 125,994 657,448
DigitalGlobe, Inc. (I) 3,800 106,514
General Dynamics Corp. (L) 7,580 580,325
Huntington Ingalls Industries, Inc. (I) 1,620 67,230
L-3 Communications Holdings, Inc. 7,460 584,193
Lockheed Martin Corp. (L) 4,000 321,600
Northrop Grumman Corp. 9,720 609,541
Qinetiq PLC (I) 199,935 390,385
Raytheon Company 8,540 434,430
Textron, Inc. (L) 7,100 194,469
 
    3,946,135
Airlines - 0.05%    
Copa Holdings SA, Class A 2,620 138,336
Building Products - 0.57%    
Assa Abloy AB, Series B 14,351 412,581
Masco Corp. 47,200 657,024
Trex Company, Inc. (I) 3,960 129,175

 

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Building Products (continued)    
USG Corp. (I)(L) 17,600 $ 293,216
 
    1,491,996
Commercial Services & Supplies - 0.33%    
Corrections Corp. of America (I) 4,470 109,068
Pitney Bowes, Inc. 1,800 46,242
R.R. Donnelley & Sons Company (L) 23,590 446,323
Sykes Enterprises, Inc. (I) 6,730 133,052
The Geo Group, Inc. (I)(L) 4,800 123,072
 
    857,757
Construction & Engineering - 0.46%    
Skanska AB, Series B (L) 20,612 433,928
Vinci SA 7,189 449,130
Fluor Corp. 400 29,464
Foster Wheeler AG (I) 3,070 115,493
Aecom Technology Corp. (I) 6,500 180,245
 
    1,208,260
Electrical Equipment - 0.23%    
Belden, Inc. (L) 16,000 600,800
Industrial Conglomerates - 0.81%    
3M Company (L) 3,390 316,965
Beijing Enterprises Holdings, Ltd. 52,500 300,780
General Electric Company 51,180 1,026,159
Nava Bharat Ventures, Ltd. 33,377 187,352
Shanghai Industrial Holdings, Ltd. 81,000 310,769
 
    2,142,025
Machinery - 1.66%    
Caterpillar, Inc. 8,610 958,724
Commercial Vehicle Group, Inc. (I) 4,900 87,416
Cummins, Inc. 3,000 328,860
Dover Corp. 1,400 92,036
Eaton Corp. 3,600 199,584
Hexagon AB 10,297 245,679
Hyundai Heavy Industries Company, Ltd. 561 264,517
Joy Global, Inc. (L) 7,790 769,730
Meritor, Inc. (I) 9,380 159,179
Navistar International Corp. (I) 1,480 102,608
Pall Corp. 9,000 518,490
Parker Hannifin Corp. 650 61,542
Sauer-Danfoss, Inc. (I) 1,500 76,395
SKF AB, B Shares 7,531 219,332
United Tractors Tbk PT 64,500 160,816
Weichai Power Compnay, Ltd. 20,000 121,523
 
    4,366,431
Marine - 0.09%    
Kawasaki Kisen Kaisha, Ltd. 67,000 247,283
Professional Services - 0.11%    
The Advisory Board Company (I) 3,560 183,340
TrueBlue, Inc. (I) 6,761 113,517
 
    296,857
Road & Rail - 0.71%    
Con-way, Inc. (L) 2,950 115,906
J.B. Hunt Transport Services, Inc. (L) 4,427 201,074
Localiza Rent A Car SA 7,630 122,443
Norfolk Southern Corp. 2,500 173,175
Old Dominion Freight Line, Inc. (I) 4,560 160,010
Ryder Systems, Inc. 1,000 50,600
Union Pacific Corp. 8,600 845,638
Vitran Corp., Inc. (I) 4,610 64,955
Werner Enterprises, Inc. (L) 5,290 140,026
 
    1,873,827

 

69

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Trading Companies & Distributors - 0.33%    
Mitsui & Company, Ltd. 28,800 $ 516,239
RSC Holdings, Inc. (I) 6,750 97,065
United Rentals, Inc. (I)(L) 6,850 227,968
WW Grainger, Inc. (L) 310 42,681
 
    883,953
Transportation Infrastructure - 0.04%    
Cia de Concessoes Rodoviarias, ADR 3,900 113,227
 
    18,166,887
Information Technology - 12.79%    
Communications Equipment - 2.06%    
AAC Acoustic    
Technologies Holdings, Inc. 37,990 102,799
Acme Packet, Inc. (I)(L) 2,640 187,334
ADTRAN, Inc. (L) 3,170 134,598
Alcatel-Lucent, SADR (I)(L) 55,200 320,712
Aruba Networks, Inc. (I) 3,880 131,299
Cisco Systems, Inc. 8,350 143,203
Comverse Technology, Inc. (I) 196,300 1,474,213
F5 Networks, Inc. (I) 2,160 221,551
Finisar Corp. (I) 3,570 87,822
Ixia (I)(L) 3,690 58,597
JDS Uniphase Corp. (I) 4,000 83,360
Motorola Mobility Holdings, Inc. (I) 27,862 679,833
Motorola Solutions, Inc. (I) 12,342 551,564
Polycom, Inc. (I)(L) 4,890 253,547
QUALCOMM, Inc. 820 44,961
Research In Motion, Ltd. (I) 7,700 435,589
Riverbed Technology, Inc. (I) 2,500 94,125
ZTE Corp., Class H 91,200 426,052
 
    5,431,159
Computers & Peripherals - 1.79%    
Apple, Inc. (I) 8,160 2,843,352
Dell, Inc. (I) 35,000 507,850
EMC Corp. (I) 31,900 846,945
Hewlett-Packard Company 940 38,512
Lexmark    
International, Inc., Class A (I)(L) 2,800 103,712
NetApp, Inc. (I)(L) 6,100 293,898
SanDisk Corp. (I)(L) 1,750 80,658
 
    4,714,927
Electronic Equipment, Instruments & Components - 0.33%  
FUJIFILM Holdings Corp. 14,000 433,566
Jabil Circuit, Inc. 15,490 316,461
Kingboard Laminates Holdings, Ltd. 142,000 118,582
 
    868,609
Internet Software & Services - 1.88%    
Ancestry.com, Inc. (I)(L) 2,670 94,652
Baidu, Inc., SADR (I) 3,900 537,459
Daum Communications Corp. (I) 3,093 275,995
Demand Media, Inc. (I)(L) 5,020 118,221
Dice Holdings, Inc. (I)(L) 9,700 146,567
eBay, Inc. (I) 37,430 1,161,827
Google, Inc., Class A (I) 570 334,140
LivePerson, Inc. (I) 4,940 62,442
Netease.com, Inc., ADR (I) 19,800 980,298
Quinstreet, Inc. (I)(L) 7,280 165,474
Rackspace Hosting, Inc. (I) 2,600 111,410
Sohu.com, Inc. (I)(L) 3,400 303,824
Tencent Holdings, Ltd. 17,500 425,204
Yahoo!, Inc. (I) 13,600 226,440
 
    4,943,953

 

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
IT Services - 1.42%    
Amdocs, Ltd. (I) 11,200 $ 323,120
Forrester Research, Inc. 3,400 130,186
Gartner, Inc. (I)(L) 2,400 100,008
Hisoft Technology    
International, Ltd., ADR (I)(L) 3,500 65,555
International Business Machines Corp. (L) 9,760 1,591,563
MasterCard, Inc., Class A 940 236,617
Syntel, Inc. (L) 2,560 133,709
Teradata Corp. (I) 11,200 567,840
The Western Union Company 29,300 608,561
 
    3,757,159
Semiconductors & Semiconductor Equipment - 1.79%  
Advanced Micro Devices, Inc. (I) 8,200 70,520
Applied Materials, Inc. 8,700 135,894
Applied Micro Circuits Corp. (I) 8,340 86,569
Avago Technologies, Ltd. 9,400 292,340
Cavium Networks, Inc. (I)(L) 4,440 199,489
Cree, Inc. (I)(L) 7,300 336,968
Cymer, Inc. (I)(L) 2,700 152,766
Cypress Semiconductor Corp. (I) 5,770 111,823
Intel Corp. 56,300 1,135,571
Lam Research Corp. (I) 10,100 572,266
LSI Corp. (I) 26,400 179,520
Maxim Integrated Products, Inc. (L) 17,300 442,880
NVIDIA Corp. (I) 9,000 166,140
Samsung Electronics Company, Ltd. 504 427,583
Skyworks Solutions, Inc. (I)(L) 5,890 190,954
Wolfson Microelectronics PLC (I) 54,806 212,477
 
    4,713,760
Software - 3.52%    
Activision Blizzard, Inc. 28,300 310,451
Ariba, Inc. (I)(L) 4,400 150,216
BMC Software, Inc. (I) 8,600 427,764
BroadSoft, Inc. (I) 2,760 131,624
Cadence Design Systems, Inc. (I)(L) 17,190 167,603
Citrix Systems, Inc. (I) 7,526 552,860
CommVault Systems, Inc. (I)(L) 2,670 106,480
Concur Technologies, Inc. (I)(L) 2,770 153,597
Electronic Arts, Inc. (I)(L) 66,600 1,300,698
Fortinet, Inc. (I) 1,400 61,600
Microsoft Corp. 60,100 1,524,136
Nintendo Company, Ltd. 2,680 723,967
Oracle Corp. 22,030 735,141
Parametric Technology Corp. (I)(L) 5,020 112,900
Quest Software, Inc. (I) 2,590 65,760
RealD, Inc. (I)(L) 4,130 112,997
RealPage, Inc. (I) 4,640 128,667
Red Hat, Inc. (I) 7,900 358,581
Salesforce.com, Inc. (I)(L) 5,370 717,325
Shanda Interactive    
Entertainment, Ltd., ADR (I)(L) 16,600 697,034
SuccessFactors, Inc. (I)(L) 6,270 245,094
TIBCO Software, Inc. (I)(L) 5,590 152,328
Totvs SA 5,650 108,491
Velti PLC (I)(L) 11,157 140,467
VMware, Inc., Class A (I) 1,200 97,848
 
    9,283,629
 
    33,713,196
Materials - 5.88%    
Chemicals - 1.25%    
Agrium, Inc. 8,100 747,306
E.I. du Pont de Nemours & Company 3,100 170,407

 

70

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chemicals (continued)    
Eastman Chemical Company 2,000 $ 198,640
Huabao International Holdings, Ltd. 368,000 568,263
LSB Industries, Inc. (I) 2,960 117,334
Methanex Corp. 5,320 166,144
Monsanto Company 1,900 137,294
Rockwood Holdings, Inc. (I) 2,400 118,128
The Mosaic Company 13,650 1,074,938
 
    3,298,454
Construction Materials - 0.77%    
Anhui Conch Cement Company, Ltd. 110,000 691,983
BBMG Corp. 129,500 213,317
CRH PLC (London Exchange) 25,241 579,283
HeidelbergCement AG 7,822 546,375
 
    2,030,958
Metals & Mining - 3.86%    
Agnico Eagle Mines, Ltd. 14,500 962,075
Alcoa, Inc. 1,900 33,535
Allegheny Technologies, Inc. (L) 6,700 453,724
Barrick Gold Corp. 21,400 1,110,874
BHP Billiton, Ltd., SADR (L) 2,500 239,700
Cliffs Natural Resources, Inc. 6,400 628,992
Compania de Minas    
Buenaventura SA, ADR (L) 10,410 447,318
Freeport-McMoRan Copper & Gold, Inc. 11,610 644,936
Goldcorp, Inc. 21,500 1,070,700
IAMGOLD Corp. 42,700 940,254
Kumba Iron Ore, Ltd. 3,678 259,538
Newmont Mining Corp. 5,300 289,274
Rio Tinto PLC 5,227 368,807
Silver Wheaton Corp. 13,000 563,680
Steel Dynamics, Inc. 29,300 549,961
Titanium Metals Corp. (I)(L) 1,700 31,586
United States Steel Corp. 7,600 409,944
Walter Energy, Inc. 4,990 675,796
Xstrata PLC 13,698 319,836
Yamato Kogyo Company, Ltd. 5,400 179,827
 
    10,180,357
    15,509,769
Telecommunication Services - 1.38%    
Diversified Telecommunication Services - 1.06%    
AT&T, Inc. 25,560 782,136
Deutsche Telekom AG 30,130 465,555
KT Corp. 14,271 505,857
Verizon Communications, Inc. 26,930 1,037,882
 
    2,791,430
Wireless Telecommunication Services - 0.32%    
Advanced Info Service PLC 137,700 409,754
MetroPCS Communications, Inc. (I) 2,900 47,096
Softbank Corp. 10,000 395,390
 
    852,240
    3,643,670
Utilities - 1.41%    
Electric Utilities - 0.80%    
Entergy Corp. 9,370 629,758
Exelon Corp. (L) 9,600 395,904
NV Energy, Inc. 6,200 92,318
Pepco Holdings, Inc. 21,100 393,515
Pinnacle West Capital Corp. 13,750 588,363
 
    2,099,858

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Gas Utilities - 0.13%      
Snam Rete Gas SpA   62,995 $ 354,247
Independent Power Producers & Energy Traders - 0.07%  
The AES Corp. (I)   13,400 174,200
Multi-Utilities - 0.27%      
Ameren Corp.   15,900 446,313
Integrys Energy Group, Inc.   1,160 58,592
Xcel Energy, Inc.   8,500 203,065
 
      707,970
Water Utilities - 0.14%      
Cia de Saneamento de Minas Gerais   22,600 380,669
 
      3,716,944
TOTAL COMMON STOCKS (Cost $139,478,406) $ 159,981,464
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 10.05%      
U.S. Government - 6.42%      
Treasury Inflation Protected Securities      
2.000%, 04/15/2012 $ 1,980,308 $ 2,069,730
2.625%, 07/15/2017   500,284 573,920
U.S. Treasury Bonds      
3.875%, 08/15/2040   475,000 424,754
4.250%, 05/15/2039 (F)   350,000 335,453
4.375%, 02/15/2038 (F)   175,000 171,992
4.625%, 02/15/2040   500,000 509,453
4.750%, 02/15/2041   600,000 623,250
6.250%, 08/15/2023 (F)   100,000 124,047
8.750%, 05/15/2017   800,000 1,079,438
U.S. Treasury Notes      
0.625%, 02/28/2013   2,325,000 2,317,644
0.750%, 12/15/2013   1,850,000 1,829,765
2.500%, 04/30/2015   2,400,000 2,462,438
3.125%, 08/31/2013   3,075,000 3,231,120
3.625%, 02/15/2021   425,000 430,445
4.500%, 11/30/2011   710,000 730,135
 
      16,913,584
U.S. Government Agency - 3.63%      
Federal Home Loan Mortgage Corp.      
4.500%, 10/01/2038   120,528 122,621
5.125%, 10/18/2016   400,000 448,708
5.250%, 04/18/2016   300,000 339,071
Federal National Mortgage Association      
3.500%, TBA   2,900,000 2,725,495
4.000%, TBA   2,000,000 1,963,772
4.500%, TBA   200,000 203,215
4.520%, 04/01/2020   296,662 305,284
4.680%, 02/01/2020   296,546 308,626
4.875%, 12/15/2016   200,000 222,402
6.000%, 05/15/2011   500,000 503,604
Government National      
Mortgage Association      
4.000%, TBA   2,000,000 1,996,585
5.000%, 04/15/2036 to 04/15/2038   417,529 443,406
 
      9,582,789
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $26,559,001)   $ 26,496,373
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 0.26%      
Brazil - 0.21%      
Federative Republic of Brazil      
5.875%, 01/15/2019   200,000 221,500

 

71

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Brazil (continued)      
Federative Republic of Brazil (continued)      
10.000%, 01/01/2012 BRL 550,000 $ 339,830
      561,330
Qatar - 0.05%      
Government of Qatar      
4.000%, 01/20/2015 (S) $ 120,000 123,900
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $627,731)   $ 685,230
 
CORPORATE BONDS - 14.85%      
Consumer Discretionary - 1.67%      
British Sky Broadcasting Group PLC      
5.625%, 10/15/2015 (S)   40,000 44,129
CBS Corp.      
5.750%, 04/15/2020   90,000 95,055
8.200%, 05/15/2014   95,000 111,254
Comcast Cable Communications LLC      
8.500%, 05/01/2027   50,000 59,743
Comcast Corp.      
5.850%, 11/15/2015   35,000 38,930
6.450%, 03/15/2037   300,000 307,095
COX Communications, Inc.      
5.450%, 12/15/2014   80,000 88,193
6.250%, 06/01/2018 (S)   35,000 38,961
8.375%, 03/01/2039 (S)   180,000 228,483
CSC Holdings, Inc.      
7.625%, 07/15/2018   65,000 71,175
D.R. Horton, Inc.      
7.875%, 08/15/2011   60,000 60,600
Daimler Finance North America LLC      
7.300%, 01/15/2012   210,000 220,582
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
3.500%, 03/01/2016   190,000 190,166
4.750%, 10/01/2014   70,000 75,296
Ford Motor Company      
7.450%, 07/16/2031   65,000 70,324
Grupo Televisa SA      
6.625%, 01/15/2040   95,000 100,615
Historic TW, Inc.      
6.625%, 05/15/2029   100,000 106,563
Liberty Media LLC      
8.250%, 02/01/2030   15,000 14,588
Limited Brands, Inc.      
7.000%, 05/01/2020   10,000 10,588
Macy’s Retail Holdings, Inc.      
5.900%, 12/01/2016   60,000 64,500
6.900%, 04/01/2029   50,000 50,625
NetFlix, Inc.      
8.500%, 11/15/2017   15,000 16,894
News America, Inc.      
6.150%, 03/01/2037   175,000 173,403
6.150%, 02/15/2041 (S)   85,000 84,290
7.280%, 06/30/2028   140,000 154,634
Phillips-Van Heusen Corp.      
7.375%, 05/15/2020   20,000 21,150
President and Fellows of Harvard College      
5.625%, 10/01/2038   100,000 106,637
Princeton University      
5.700%, 03/01/2039   40,000 43,298
QVC, Inc.      
7.500%, 10/01/2019 (S)   20,000 21,000

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Staples, Inc.      
9.750%, 01/15/2014 $ 170,000 $ 203,943
Target Corp.      
7.000%, 01/15/2038   150,000 177,109
Tenneco, Inc.      
8.125%, 11/15/2015   20,000 21,400
The Interpublic Group of Companies, Inc.      
10.000%, 07/15/2017   35,000 41,650
Time Warner Cable, Inc.      
5.000%, 02/01/2020   115,000 116,136
5.850%, 05/01/2017   75,000 81,905
6.550%, 05/01/2037   165,000 167,813
6.750%, 07/01/2018   100,000 113,497
8.250%, 02/14/2014   50,000 58,087
Time Warner, Inc.      
4.700%, 01/15/2021   60,000 59,671
5.875%, 11/15/2016   15,000 16,711
6.250%, 03/29/2041   100,000 99,275
7.625%, 04/15/2031   200,000 230,563
Viacom, Inc.      
4.500%, 03/01/2021   70,000 68,303
5.625%, 09/15/2019   180,000 196,735
6.125%, 10/05/2017   30,000 33,727
Videotron Ltee      
9.125%, 04/15/2018   25,000 28,063
Wynn Las Vegas LLC/Wynn Las Vegas      
Capital Corp.      
7.750%, 08/15/2020   15,000 15,900
 
      4,399,259
Consumer Staples - 1.48%      
Altria Group, Inc.      
9.700%, 11/10/2018   240,000 315,199
10.200%, 02/06/2039   25,000 35,470
Anheuser-Busch InBev Worldwide, Inc.      
4.125%, 01/15/2015   30,000 31,648
6.875%, 11/15/2019   100,000 117,968
7.750%, 01/15/2019   175,000 215,016
BAT International Finance PLC      
9.500%, 11/15/2018 (S)   15,000 19,821
Bottling Group LLC      
5.125%, 01/15/2019   45,000 49,223
Cargill, Inc.      
5.600%, 09/15/2012 (S)   150,000 159,514
Cia de Bebidas das Americas      
8.750%, 09/15/2013   145,000 165,518
Coca-Cola Enterprises, Inc.      
2.125%, 09/15/2015   170,000 165,026
7.375%, 03/03/2014   145,000 167,994
Constellation Brands, Inc.      
7.250%, 05/15/2017   15,000 16,275
CVS Caremark Corp.      
6.125%, 08/15/2016 to 09/15/2039   230,000 245,909
6.250%, 06/01/2027   65,000 71,195
Dr Pepper Snapple Group, Inc.      
2.350%, 12/21/2012   45,000 45,852
General Mills, Inc.      
5.200%, 03/17/2015   5,000 5,484
5.250%, 08/15/2013   185,000 200,893
5.650%, 02/15/2019   25,000 27,673
Kraft Foods, Inc.      
4.125%, 02/09/2016   170,000 176,071
6.750%, 02/19/2014   40,000 45,090
6.875%, 02/01/2038   220,000 243,909

 

72

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Lorillard Tobacco Company      
6.875%, 05/01/2020 $ 25,000 $ 27,002
PepsiCo, Inc.      
7.900%, 11/01/2018   114,000 144,489
Philip Morris International, Inc.      
5.650%, 05/16/2018   195,000 216,706
Reynolds American, Inc.      
7.250%, 06/01/2013   45,000 50,305
Smithfield Foods, Inc.      
10.000%, 07/15/2014   20,000 23,550
The Kroger Company      
6.200%, 06/15/2012   50,000 52,847
6.750%, 04/15/2012   160,000 169,539
Wal-Mart Stores, Inc.      
4.875%, 07/08/2040   150,000 136,832
6.200%, 04/15/2038   325,000 356,812
WM Wrigley Jr. Company      
3.700%, 06/30/2014 (S)   200,000 204,374
 
      3,903,204
Energy - 1.12%      
Anadarko Petroleum Corp.      
6.450%, 09/15/2036   190,000 189,755
BP Capital Markets PLC      
3.125%, 10/01/2015   250,000 250,980
4.750%, 03/10/2019   20,000 20,784
Burlington Resources Finance Company      
7.400%, 12/01/2031   25,000 30,747
Canadian Natural Resources, Ltd.      
4.900%, 12/01/2014   75,000 81,295
Chesapeake Energy Corp.      
6.875%, 11/15/2020   20,000 21,600
ConocoPhillips      
4.600%, 01/15/2015   85,000 92,520
5.900%, 05/15/2038   170,000 179,017
6.500%, 02/01/2039   50,000 56,921
Consol Energy Inc.      
8.000%, 04/01/2017   5,000 5,475
8.250%, 04/01/2020   10,000 11,088
El Paso Corp.      
7.000%, 06/15/2017   60,000 67,097
Energy Transfer Equity LP      
7.500%, 10/15/2020   10,000 10,875
Enterprise Products Operating LLC      
3.200%, 02/01/2016   85,000 84,320
5.250%, 01/31/2020   210,000 217,632
Harvest Operations Corp.      
6.875%, 10/01/2017 (S)   10,000 10,375
Kinder Morgan Energy Partners LP      
5.800%, 03/01/2021   235,000 252,001
6.500%, 02/01/2037   50,000 51,133
6.850%, 02/15/2020   100,000 114,415
Kinder Morgan Finance Company LLC      
6.000%, 01/15/2018 (S)   10,000 10,325
Newfield Exploration Company      
7.125%, 05/15/2018   10,000 10,750
Nexen, Inc.      
7.500%, 07/30/2039   20,000 22,504
NGPL PipeCo LLC      
6.514%, 12/15/2012 (S)   200,000 214,120
Peabody Energy Corp.      
6.500%, 09/15/2020   41,000 43,973
Petrobras International Finance Company      
5.375%, 01/27/2021   275,000 275,497

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Pioneer Natural Resources Company      
6.650%, 03/15/2017 $ 25,000 $ 27,084
Plains All American Pipeline LP / PAA      
Finance Corp.      
5.000%, 02/01/2021   45,000 45,064
Plains All American Pipeline LP/PAA      
Finance Corp.      
5.750%, 01/15/2020   70,000 74,816
Range Resources Corp.      
7.500%, 10/01/2017   10,000 10,650
Statoil ASA      
3.125%, 08/17/2017   200,000 197,434
TransCanada Pipelines, Ltd.      
7.625%, 01/15/2039   35,000 43,339
Transocean, Inc.      
4.950%, 11/15/2015   150,000 158,332
Valero Energy Corp.      
4.500%, 02/01/2015   70,000 73,567
 
      2,955,485
Financials - 6.16%      
ACE INA Holdings, Inc.      
5.700%, 02/15/2017   75,000 82,137
Allied World Assurance Company      
Holdings, Ltd.      
7.500%, 08/01/2016   70,000 77,959
AMB Property LP      
6.125%, 12/01/2016   155,000 169,412
American Express Centurion Bank      
6.000%, 09/13/2017   250,000 278,136
American Express Credit Corp.      
7.300%, 08/20/2013   100,000 111,742
American International Group, Inc.      
6.400%, 12/15/2020   100,000 106,606
Ameriprise Financial, Inc.      
5.300%, 03/15/2020   40,000 42,339
AvalonBay Communities, Inc.      
6.100%, 03/15/2020   285,000 318,163
Bank of America Corp.      
5.625%, 07/01/2020   165,000 169,159
5.650%, 05/01/2018   415,000 432,974
5.750%, 12/01/2017   135,000 142,028
5.875%, 01/05/2021   100,000 104,263
Barclays Bank PLC      
6.050%, 12/04/2017 (S)   100,000 104,035
6.750%, 05/22/2019   120,000 135,357
Brandywine Operating Partnership LP      
4.950%, 04/15/2018   75,000 74,014
7.500%, 05/15/2015   125,000 141,023
Capital One Financial Corp.      
6.150%, 09/01/2016   225,000 246,030
7.375%, 05/23/2014   45,000 51,607
CIT Group, Inc.      
7.000%, 05/01/2015   30,000 30,263
Citigroup, Inc.      
4.750%, 05/19/2015   50,000 52,332
5.500%, 08/27/2012   100,000 105,315
6.125%, 11/21/2017 to 05/15/2018   340,000 370,163
6.500%, 08/19/2013   245,000 267,694
6.875%, 03/05/2038   150,000 164,842
Credit Agricole SA/London      
3.500%, 04/13/2015 (S)   180,000 180,603
Credit Suisse New York      
6.000%, 02/15/2018   500,000 530,190

 

73

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Discover Financial Services      
6.450%, 06/12/2017 $ 140,000 $ 150,749
DuPont Fabros Technology LP      
8.500%, 12/15/2017   25,000 27,531
Equity One, Inc.      
6.000%, 09/15/2017   80,000 82,183
ERAC USA Finance LLC      
6.375%, 10/15/2017 (S)   235,000 263,093
ERP Operating LP      
4.750%, 07/15/2020   65,000 65,714
5.250%, 09/15/2014   125,000 135,858
Federal Realty Investment Trust      
5.650%, 06/01/2016   20,000 21,736
Fifth Third Bancorp      
3.625%, 01/25/2016   120,000 119,685
General Electric Capital Corp.      
2.800%, 01/08/2013   300,000 306,777
3.750%, 11/14/2014   150,000 156,113
4.625%, 01/07/2021   250,000 245,824
5.300%, 02/11/2021   145,000 147,048
5.625%, 05/01/2018   100,000 107,927
5.875%, 01/14/2038   75,000 74,046
6.750%, 03/15/2032   90,000 98,896
Harley-Davidson Funding Corp.      
5.750%, 12/15/2014 (S)   65,000 69,574
Hartford Financial Services Group, Inc.,      
(8.125% to 06/15/2018, then 3 month      
LIBOR + 4.6025%)      
06/15/2038   15,000 16,425
HCP, Inc.      
3.750%, 02/01/2016   15,000 15,049
5.650%, 12/15/2013   185,000 200,227
6.000%, 01/30/2017   35,000 37,746
Health Care REIT, Inc.      
5.250%, 01/15/2022   166,000 161,698
Host Hotels & Resorts LP      
6.375%, 03/15/2015   15,000 15,319
6.750%, 06/01/2016   25,000 25,781
HSBC Holdings PLC      
0.501%, 10/06/2016 (P)   150,000 147,985
6.800%, 06/01/2038   105,000 109,946
International Lease Finance Corp.      
5.650%, 06/01/2014   30,000 30,150
6.375%, 03/25/2013   45,000 46,575
6.750%, 09/01/2016 (S)   5,000 5,350
7.125%, 09/01/2018 (S)   35,000 37,608
JPMorgan Chase & Company      
3.700%, 01/20/2015   175,000 179,796
6.000%, 01/15/2018   345,000 377,695
6.125%, 06/27/2017   100,000 108,693
6.400%, 05/15/2038   250,000 276,211
Kimco Realty Corp.      
6.875%, 10/01/2019   120,000 139,831
Lazard Group LLC      
6.850%, 06/15/2017   200,000 212,667
Liberty Mutual Group, Inc.      
5.750%, 03/15/2014 (S)   250,000 262,228
Lincoln National Corp.      
4.300%, 06/15/2015   135,000 139,852
Lloyds TSB Bank PLC      
4.375%, 01/12/2015 (S)   125,000 127,188
Massachusetts Mutual Life Insurance      
Company      
8.875%, 06/01/2039 (S)   100,000 136,756

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Merrill Lynch & Company, Inc.      
5.450%, 07/15/2014 $ 110,000 $ 117,595
6.220%, 09/15/2026   100,000 99,322
6.400%, 08/28/2017   55,000 59,878
6.875%, 04/25/2018   165,000 182,961
MetLife, Inc.      
5.000%, 06/15/2015   150,000 161,270
Metropolitan Life Global Funding I      
3.125%, 01/11/2016 (S)   325,000 321,614
5.125%, 04/10/2013 (S)   25,000 26,664
Morgan Stanley      
4.200%, 11/20/2014   100,000 103,127
5.750%, 01/25/2021   130,000 131,013
6.000%, 04/28/2015   100,000 108,753
6.625%, 04/01/2018   500,000 548,631
Morgan Stanley Dean Witter      
6.600%, 04/01/2012   75,000 79,300
Nationwide Mutual Insurance Company      
9.375%, 08/15/2039 (S)   100,000 121,610
Nomura Holdings, Inc.      
5.000%, 03/04/2015   80,000 82,752
PNC Funding Corp.      
5.625%, 02/01/2017   300,000 325,034
Principal Financial Group, Inc.      
6.050%, 10/15/2036   175,000 179,606
Provident Funding Associates LP/PFG      
Finance Corp.      
10.250%, 04/15/2017 (S)   25,000 27,875
Prudential Financial, Inc.      
4.750%, 09/17/2015   120,000 127,564
5.150%, 01/15/2013   115,000 121,500
Realty Income Corp.      
6.750%, 08/15/2019   130,000 148,144
Simon Property Group LP      
6.100%, 05/01/2016   45,000 50,767
6.125%, 05/30/2018   50,000 55,943
SLM Corp.      
6.250%, 01/25/2016   215,000 224,138
8.450%, 06/15/2018   10,000 11,200
SunTrust Banks, Inc.      
3.600%, 04/15/2016   140,000 138,981
The Bank of New York Mellon Corp.      
2.500%, 01/15/2016   275,000 272,593
4.300%, 05/15/2014   60,000 64,283
The Bear Stearns Companies LLC      
6.400%, 10/02/2017   115,000 129,015
The Charles Schwab Corp.      
4.950%, 06/01/2014   55,000 59,710
The Goldman Sachs Group, Inc.      
3.625%, 02/07/2016   125,000 123,601
5.375%, 03/15/2020   30,000 30,417
6.000%, 05/01/2014   90,000 98,744
6.150%, 04/01/2018   295,000 319,286
6.250%, 09/01/2017 to 02/01/2041   190,000 197,514
6.750%, 10/01/2037   180,000 181,553
7.500%, 02/15/2019   110,000 127,610
The Royal Bank of Scotland PLC      
4.875%, 08/25/2014 (S)   160,000 165,966
UDR, Inc.      
6.050%, 06/01/2013   60,000 63,739
UFJ Finance Aruba AEC      
6.750%, 07/15/2013   100,000 110,062
Unitrin, Inc.      
6.000%, 05/15/2017   25,000 25,703

 

74

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Unum Group      
7.125%, 09/30/2016 $ 45,000 $ 50,663
W.R. Berkley Corp.      
5.600%, 05/15/2015   100,000 105,604
Wachovia Corp.      
5.750%, 06/15/2017   180,000 199,182
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
7.500%, 06/02/2014 (S)   100,000 114,358
Wells Fargo & Company      
3.676%, 06/15/2016   400,000 401,688
4.600%, 04/01/2021   120,000 118,481
4.950%, 10/16/2013   240,000 256,153
Weyerhaeuser Company      
7.375%, 10/01/2019   75,000 84,626
 
      16,227,709
Health Care - 0.66%      
AmerisourceBergen Corp.      
4.875%, 11/15/2019   30,000 31,076
5.875%, 09/15/2015   75,000 83,479
Amgen, Inc.      
3.450%, 10/01/2020   100,000 93,955
6.400%, 02/01/2039   40,000 44,360
6.900%, 06/01/2038   100,000 118,023
Express Scripts, Inc.      
6.250%, 06/15/2014   60,000 66,599
Fresenius US Finance II, Inc.      
9.000%, 07/15/2015 (S)   15,000 17,194
HCA, Inc.      
7.250%, 09/15/2020   5,000 5,350
8.500%, 04/15/2019   55,000 61,050
Life Technologies Corp.      
4.400%, 03/01/2015   100,000 104,208
McKesson Corp.      
7.500%, 02/15/2019   5,000 6,040
Medco Health Solutions, Inc.      
7.125%, 03/15/2018   60,000 69,858
Merck & Company, Inc.      
3.875%, 01/15/2021   150,000 146,583
4.000%, 06/30/2015   125,000 132,929
Pfizer, Inc.      
6.200%, 03/15/2019   170,000 195,644
7.200%, 03/15/2039   50,000 61,892
Quest Diagnostics, Inc.      
3.200%, 04/01/2016   95,000 94,255
Roche Holdings, Inc.      
6.000%, 03/01/2019 (S)   150,000 169,795
St Jude Medical, Inc.      
2.500%, 01/15/2016   95,000 93,062
Tenet Healthcare Corp.      
8.875%, 07/01/2019   40,000 45,600
Thermo Fisher Scientific, Inc.      
3.200%, 05/01/2015   40,000 40,906
WellPoint, Inc.      
4.350%, 08/15/2020   35,000 34,865
7.000%, 02/15/2019   30,000 35,512
 
      1,752,235
Industrials - 0.42%      
Bombardier, Inc.      
7.750%, 03/15/2020 (S)   25,000 27,156
Case New Holland, Inc.      
7.875%, 12/01/2017 (S)   5,000 5,556

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
CNH America LLC      
7.250%, 01/15/2016 $ 15,000 $ 16,388
Continental Airlines 1997-4 Class A Pass      
Through Trust      
6.900%, 01/02/2018   42,525 45,183
Continental Airlines 1998-1 Class A Pass      
Through Trust      
6.648%, 09/15/2017   45,735 48,137
Crown Americas LLC / Crown Americas      
Capital Corp. II      
7.625%, 05/15/2017   35,000 38,238
Deluxe Corp.      
7.375%, 06/01/2015   15,000 15,544
Esterline Technologies Corp.      
7.000%, 08/01/2020   5,000 5,231
GATX Corp.      
4.750%, 05/15/2015   65,000 67,755
General Electric Company      
5.250%, 12/06/2017   280,000 304,457
L-3 Communications Corp.      
5.200%, 10/15/2019   120,000 125,030
Masco Corp.      
6.500%, 08/15/2032   15,000 13,534
Navios Maritime Holdings, Inc. / Navios      
Maritime Finance US, Inc.      
8.875%, 11/01/2017   15,000 16,256
Navistar International Corp.      
8.250%, 11/01/2021   15,000 16,631
Republic Services, Inc.      
5.250%, 11/15/2021   180,000 188,188
Southwest Airlines Company 2007-1 Pass      
Through Trust      
6.150%, 08/01/2022   21,633 23,472
Textron, Inc.      
7.250%, 10/01/2019   60,000 69,089
US Airways 2010-1 Class A Pass      
Through Trust      
6.250%, 04/22/2023   15,000 14,985
Waste Management, Inc.      
6.375%, 03/11/2015   60,000 67,906
 
      1,108,736
Information Technology - 0.21%      
Avnet, Inc.      
6.625%, 09/15/2016   75,000 81,971
eAccess, Ltd.      
8.250%, 04/01/2018 (S)   5,000 5,131
Equinix, Inc.      
8.125%, 03/01/2018   20,000 21,650
International Business Machines Corp.      
5.700%, 09/14/2017   100,000 113,033
Jabil Circuit, Inc.      
5.625%, 12/15/2020   5,000 4,969
Mantech International Corp.      
7.250%, 04/15/2018   10,000 10,500
Seagate Technology International      
10.000%, 05/01/2014 (S)   19,000 22,135
Xerox Corp.      
4.250%, 02/15/2015   60,000 63,094
6.350%, 05/15/2018   50,000 56,481
6.400%, 03/15/2016   160,000 181,128
 
      560,092

 

75

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials - 0.52%      
Agrium, Inc.      
7.125%, 05/23/2036 $ 85,000 $ 98,251
Alcoa, Inc,      
6.150%, 08/15/2020   70,000 73,865
Alcoa, Inc.      
5.720%, 02/23/2019   100,000 103,854
ArcelorMittal      
6.125%, 06/01/2018   200,000 211,654
Ball Corp.      
6.750%, 09/15/2020   30,000 31,350
7.125%, 09/01/2016   5,000 5,469
CF Industries, Inc.      
7.125%, 05/01/2020   15,000 17,025
Clearwater Paper Corp.      
7.125%, 11/01/2018 (S)   5,000 5,238
Cytec Industries, Inc.      
6.000%, 10/01/2015   50,000 54,651
Georgia-Pacific LLC      
5.400%, 11/01/2020 (S)   5,000 4,930
7.125%, 01/15/2017 (S)   30,000 31,838
International Paper Company      
7.300%, 11/15/2039   30,000 33,563
7.400%, 06/15/2014   30,000 34,141
MeadWestvaco Corp.      
7.375%, 09/01/2019   50,000 53,752
Nalco Company      
6.625%, 01/15/2019 (S)   15,000 15,431
Owens-Brockway Glass Container, Inc.      
7.375%, 05/15/2016   30,000 32,888
Rio Tinto Finance USA, Ltd.      
1.875%, 11/02/2015   45,000 43,261
6.500%, 07/15/2018   125,000 143,788
Rock-Tenn Company      
9.250%, 03/15/2016   15,000 16,500
The Dow Chemical Company      
4.250%, 11/15/2020   125,000 119,194
5.900%, 02/15/2015   150,000 166,037
Vale Canada, Ltd.      
5.700%, 10/15/2015   60,000 65,012
 
      1,361,692
Telecommunication Services - 1.20%      
AT&T, Inc.      
5.350%, 09/01/2040 (S)   73,000 65,335
5.500%, 02/01/2018   250,000 272,649
6.300%, 01/15/2038   400,000 402,848
British Telecommunications PLC      
9.875%, 12/15/2030   50,000 69,119
Cricket Communications, Inc.      
7.750%, 05/15/2016   25,000 26,563
Deutsche Telekom International      
Finance BV      
8.750%, 06/15/2030   100,000 131,027
Discovery Communications LLC      
5.050%, 06/01/2020   65,000 67,605
Frontier Communications Corp.      
7.125%, 03/15/2019   45,000 45,675
8.250%, 04/15/2017   10,000 10,800
NBCUniversal Media LLC      
5.150%, 04/30/2020 (S)   200,000 205,832
Qwest Communications International, Inc.      
7.125%, 04/01/2018   20,000 21,575
8.000%, 10/01/2015   20,000 22,075
Qwest Corp.      
8.375%, 05/01/2016   55,000 65,450

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
Rogers Communications, Inc.      
6.800%, 08/15/2018 $ 165,000 $ 192,708
SBA Telecommunications, Inc.      
8.250%, 08/15/2019   15,000 16,575
Sprint Capital Corp.      
6.900%, 05/01/2019   15,000 15,488
Telecom Italia Capital SA      
5.250%, 11/15/2013   175,000 184,623
6.000%, 09/30/2034   150,000 135,631
6.200%, 07/18/2011   50,000 50,755
Telefonica Emisiones SAU      
3.992%, 02/16/2016   185,000 185,659
5.134%, 04/27/2020   75,000 74,536
Verizon Communications, Inc.      
4.600%, 04/01/2021   75,000 74,584
5.550%, 02/15/2016   50,000 55,463
6.400%, 02/15/2038   50,000 52,345
6.900%, 04/15/2038   50,000 55,449
8.750%, 11/01/2018   285,000 364,303
8.950%, 03/01/2039   25,000 34,051
Verizon Wireless Capital LLC      
5.550%, 02/01/2014   165,000 181,024
8.500%, 11/15/2018   35,000 44,926
Windstream Corp.      
7.875%, 11/01/2017   20,000 21,450
8.125%, 09/01/2018   20,000 21,350
 
      3,167,473
Utilities - 1.41%      
Atmos Energy Corp.      
6.350%, 06/15/2017   30,000 33,380
Carolina Power & Light Company      
5.300%, 01/15/2019   55,000 60,043
6.500%, 07/15/2012   40,000 42,684
CenterPoint Energy Houston      
Electric LLC, Series U      
7.000%, 03/01/2014   45,000 50,988
CenterPoint Energy Resources Corp.      
6.125%, 11/01/2017   20,000 22,166
CenterPoint Energy, Inc.      
6.500%, 05/01/2018   70,000 78,532
Commonwealth Edison Company      
4.000%, 08/01/2020   70,000 67,511
5.950%, 08/15/2016   150,000 168,126
Dominion Resources, Inc.      
6.400%, 06/15/2018   70,000 79,845
7.000%, 06/15/2038   65,000 75,859
Duke Energy Corp.      
5.650%, 06/15/2013   160,000 173,980
Edison International      
3.750%, 09/15/2017   85,000 83,517
Ferrellgas LP/Ferrellgas Finance Corp.      
6.500%, 05/01/2021 (S)   5,000 4,850
FirstEnergy Corp.      
7.375%, 11/15/2031   100,000 108,250
Georgia Power Company      
5.250%, 12/15/2015   165,000 182,967
Ipalco Enterprises, Inc.      
7.250%, 04/01/2016 (S)   5,000 5,413
MidAmerican Energy Company      
5.125%, 01/15/2013   100,000 106,622
MidAmerican Energy Holdings Company      
6.125%, 04/01/2036   75,000 79,488
Nevada Power Company      
6.500%, 08/01/2018   70,000 80,243

 

76

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
NiSource Finance Corp.      
6.400%, 03/15/2018 $ 75,000 $ 83,767
Northern States Power Company      
6.250%, 06/01/2036   35,000 39,619
NRG Energy, Inc.      
7.375%, 01/15/2017   15,000 15,638
Ohio Edison Company      
6.875%, 07/15/2036   80,000 86,580
Oncor Electric Delivery Company LLC      
7.500%, 09/01/2038   70,000 83,773
Potomac Electric Power Company      
6.500%, 11/15/2037   125,000 142,852
Progress Energy, Inc.      
4.400%, 01/15/2021   225,000 223,047
Public Service Company of Colorado      
5.125%, 06/01/2019   165,000 178,996
Puget Sound Energy, Inc.      
5.757%, 10/01/2039   140,000 141,631
San Diego Gas & Electric Company      
6.000%, 06/01/2039   35,000 38,593
Sempra Energy      
6.000%, 10/15/2039   100,000 101,732
6.500%, 06/01/2016   115,000 131,081
Sierra Pacific Power Company, Series M      
6.000%, 05/15/2016   70,000 78,785
Southern California Edison Company      
6.000%, 01/15/2034   150,000 162,860
The AES Corp.      
8.000%, 06/01/2020   45,000 48,600
Union Electric Company      
6.400%, 06/15/2017   75,000 84,960
6.700%, 02/01/2019   190,000 219,050
Virginia Electric and Power Company      
8.875%, 11/15/2038   100,000 144,924
Wisconsin Energy Corp.      
6.200%, 04/01/2033   15,000 15,694
Wisconsin Power and Light Company      
5.000%, 07/15/2019   125,000 134,001
Xcel Energy, Inc.      
4.700%, 05/15/2020   65,000 66,841
 
      3,727,488
TOTAL CORPORATE BONDS (Cost $36,936,147) $ 39,163,373
 
CAPITAL PREFERRED SECURITIES - 0.07%    
Financials - 0.07%      
ACE Capital Trust II      
9.700%, 04/01/2030   75,000 $ 94,500
Capital One Capital V      
10.250%, 08/15/2039   20,000 21,700
NB Capital Trust IV      
8.250%, 04/15/2027   55,000 56,513
 
      172,713
TOTAL CAPITAL PREFERRED SECURITIES (Cost $159,848) $ 172,713
 
MUNICIPAL BONDS - 0.90%      
California - 0.31%      
Bay Area Toll Authority      
6.263%, 04/01/2049 $ 150,000 $ 151,112
Irvine Ranch Water District Joint Powers      
Agency      
2.605%, 03/15/2014   130,000 132,223
Los Angeles Unified School District      
5.750%, 07/01/2034   125,000 118,034

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
MUNICIPAL BONDS (continued)      
California (continued)      
State of California      
7.300%, 10/01/2039 $ 175,000 $ 185,724
7.550%, 04/01/2039   135,000 147,420
University of California      
5.770%, 05/15/2043   85,000 82,106
 
      816,619
Illinois - 0.29%      
City of Chicago Illinois      
6.845%, 01/01/2038   155,000 152,274
Illinois State Toll Highway Authority      
6.184%, 01/01/2034   95,000 91,885
State of Illinois      
5.365%, 03/01/2017   15,000 14,926
5.665%, 03/01/2018   285,000 285,242
5.877%, 03/01/2019   230,000 229,943
 
      774,270
Maryland - 0.02%      
Maryland State Transportation Authority      
5.888%, 07/01/2043   40,000 41,631
Massachusetts - 0.05%      
Massachusetts School Building Authority      
5.715%, 08/15/2039   120,000 122,633
Missouri - 0.04%      
University of Missouri      
5.960%, 11/01/2039   110,000 117,242
New Jersey - 0.04%      
New Jersey State Turnpike Authority      
7.414%, 01/01/2040   100,000 111,953
New York - 0.09%      
New York State Thruway Authority      
5.883%, 04/01/2030   185,000 183,685
Port Authority of New York & New      
Jersey      
6.040%, 12/01/2029   45,000 45,959
 
      229,644
Texas - 0.06%      
North Texas Tollway Authority      
6.718%, 01/01/2049   155,000 153,923
TOTAL MUNICIPAL BONDS (Cost $2,346,312) $ 2,367,915
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 2.51%      
Commercial & Residential - 2.51%      
Banc of America      
Commercial Mortgage, Inc.      
Series 2005-2, Class A5,      
4.857%, 07/10/2043 (P)   260,000 277,137
Series 2005-6, Class A4,      
5.196%, 09/10/2047 (P)   185,000 199,278
Bear Stearns Commercial      
Mortgage Securities      
Series 2006-T24, Class A4,      
5.537%, 10/12/2041   300,000 321,714
Series 2006-PW3, Class A4,      
5.540%, 09/11/2041   245,000 262,415
Series 2006-PW12, Class A4,      
5.723%, 09/11/2038 (P)   255,000 279,327
Series 2007-T28, Class A4,      
5.742%, 09/11/2042 (P)   195,000 211,422

 

77

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Bear Stearns Commercial      
Mortgage Securities, Inc.      
Series 2006-PW11, Class A4,      
5.455%, 03/11/2039 (P) $ 225,000 $ 244,191
Series 2007-T26, Class A4,      
5.471%, 01/12/2045 (P)   300,000 321,545
Commercial Mortgage Pass Through      
Certificates, Series 2010-C1, Class A3      
4.205%, 07/10/2046 (S)   135,000 131,639
Credit Suisse Mortgage      
Capital Certificates      
Series 2006-C1, Class A4,      
5.441%, 02/15/2039 (P)   300,000 321,292
Series 2006-C4, Class A3,      
5.467%, 09/15/2039   275,000 290,743
CW Capital Cobalt, Ltd., Series 2006-C1,      
Class A4      
5.223%, 08/15/2048   280,000 290,035
Greenwich Capital      
Commercial Funding Corp.      
Series 2005-GG3, Class A4,      
4.799%, 08/10/2042 (P)   300,000 316,158
Series 2004-GG1, Class A7,      
5.317%, 06/10/2036 (P)   70,000 74,876
GS Mortgage Securities Corp. II,      
Series 2005-GG4, Class A4A      
4.751%, 07/10/2039   300,000 315,295
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2005-LDP4, Class A4,      
4.918%, 10/15/2042 (P)   175,000 185,042
Series 2007-CB20, Class A4,      
5.794%, 02/12/2051 (P)   270,000 290,418
Series 2008-C2, Series A4,      
6.068%, 02/12/2051   235,000 241,184
Merrill Lynch Mortgage Trust      
Series 2005-CIP1, Class AM,      
5.107%, 07/12/2038 (P)   280,000 290,298
Series 2006-C1, Class A4,      
5.669%, 05/12/2039 (P)   100,000 108,404
Morgan Stanley Capital I      
Series 2005-T17, Class A5,      
4.780%, 12/13/2041   300,000 316,937
Series 2005-T19, Class A4A,      
4.890%, 06/12/2047   250,000 265,725
Series 2006-T21, Class A4,      
5.162%, 10/12/2052 (P)   100,000 106,441
Series 2006-IQ11, Class A4,      
5.726%, 10/15/2042 (P)   185,000 202,417
Morgan Stanley Dean Witter Capital I      
Series 2002-TOP7, Class A2,      
5.980%, 01/15/2039   169,024 174,759
Series 2001, Class A4,      
6.390%, 07/15/2033   43,660 43,790
Prudential Commercial Mortgage Trust,      
Series 2003-PWR1, Class A2      
4.493%, 02/11/2036   70,000 72,805
Wachovia Bank      
Commercial Mortgage Trust      
Series 2005-C18, Class A4,      
4.935%, 04/15/2042   100,000 106,446
Series 2005-C20, Class A7,      
5.118%, 07/15/2042 (P)   85,000 91,215

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
WF-RBS Commercial Mortgage Trust,      
Series 2011-C2, Series A4      
4.869%, 02/15/2044 (P)(S) $ 255,000 $ 260,497
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $5,952,500)     $ 6,613,445
 
ASSET BACKED SECURITIES - 0.17%    
Avis Budget Car Funding AESOP LLC,      
Series 2009-2A, Class A      
5.680%, 02/20/2014 (S)   235,000 250,919
CenterPoint Energy Transition      
Bond Company LLC      
Series 2005-A, Class A2,      
4.970%, 08/01/2014   18,961 19,527
Series 2005-A, Class A,      
5.170%, 08/01/2019   28,000 31,060
Hertz Vehicle Financing LLC,      
Series 2010-1A, Class A2      
3.740%, 02/25/2017 (S)   150,000 153,789
TOTAL ASSET BACKED SECURITIES (Cost $431,574) $ 455,295
 
SECURITIES LENDING COLLATERAL - 11.46%  
Securities Lending Collateral - 11.46%      
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   3,020,837 30,229,215
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $30,229,830)     $ 30,229,215
 
SHORT-TERM INVESTMENTS - 13.43%    
Repurchase Agreement - 13.43%      
Barclays Capital Tri-Party Repurchase      
Agreement dated 03/31/2011 at 0.140%    
to be repurchased at $35,400,138 on      
04/01/2011, collateralized by      
$35,648,860 Federal Home Loan      
Mortgage Corp., 4.400% due      
06/16/2022 (valued at $36,108,653      
including interest) $ 35,400,000 $ 35,400,000
TOTAL SHORT-TERM INVESTMENTS (Cost $35,400,000) $ 35,400,000
Total Investments (Core Allocation Plus Trust)    
(Cost $278,121,349) - 114.38%     $ 301,565,023
Other assets and liabilities, net - (14.38%)   (37,904,148)
 
TOTAL NET ASSETS - 100.00%     $ 263,660,875
 
 
 
Core Balanced Trust      
    Shares or  
    Principal  
    Amount Value
 
 
INVESTMENT COMPANIES - 100.01%    
Affiliated Investment Companies - 100.01%    
Equity - 86.82%      
John Hancock Trust (G) - 86.82%      
500 Index, Series NAV (John Hancock) (2)(A) 2,955,446 $ 33,898,968
Balanced, Series NAV (T. Rowe Price)   6,673,437 113,248,221
International Index, Series NAV      
(John Hancock) (2)(A)   563,299 10,116,841

 

78

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Balanced Trust (continued)    
Shares or
Principal
    Amount Value
 
INVESTMENT COMPANIES (continued)    
John Hancock Trust (G) (continued)      
Mid Cap Index, Series NAV      
(John Hancock) (2)(A)   171,595 $ 3,323,792
Small Cap Index, Series NAV      
(John Hancock) (2)(A)   221,605 3,350,663
Fixed Income - 13.19%      
John Hancock Trust (G) - 13.19%      
Total Bond Market A,      
Series NAV (Declaration) (A)   1,801,490 24,914,609
 
      188,853,094
TOTAL INVESTMENT COMPANIES (Cost $169,092,098) $ 188,853,094
Total Investments (Core Balanced Trust)      
(Cost $169,092,098) - 100.01%   $ 188,853,094
Other assets and liabilities, net - (0.01%)     (18,411)
TOTAL NET ASSETS - 100.00%   $ 188,834,683
 
 
 
Core Balanced Strategy Trust    
    Shares or  
    Principal  
    Amount Value
 
INVESTMENT COMPANIES - 100.45%      
Affiliated Investment Companies - 100.45%    
Equity - 51.12%      
John Hancock Trust (G) - 51.12%      
500 Index, Series NAV (John Hancock) (2)(A) 101,728 $ 1,166,817
International Index, Series NAV      
(John Hancock) (2)(A)   28,947 519,883
Mid Cap Index, Series NAV      
(John Hancock) (2)(A)   10,379 201,041
Small Cap Index, Series NAV      
(John Hancock) (2)(A)   5,325 80,520
Fixed Income - 49.33%      
John Hancock Trust (G) - 49.33%      
Total Bond Market A,      
Series NAV (Declaration) (A)   137,314 1,899,046
 
      3,867,307
TOTAL INVESTMENT COMPANIES (Cost $3,558,497) $ 3,867,307
Total Investments (Core Balanced Strategy Trust)    
(Cost $3,558,497) - 100.45%   $ 3,867,307
Other assets and liabilities, net - (0.45%)     (17,324)
TOTAL NET ASSETS - 100.00%   $ 3,849,983
 
 
 
Core Bond Trust      
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 54.81%      
U.S. Government - 13.51%      
U.S. Treasury Bonds      
2.375%, 10/31/2014 $ 25,467,000 $ 26,149,439
4.250%, 11/15/2040   19,309,000 18,449,151
4.375%, 05/15/2040   2,749,000 2,685,443
4.500%, 02/15/2036   17,398,000 17,552,947

 

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government (continued)      
U.S. Treasury Bonds (continued)      
4.750%, 02/15/2041 $ 7,529,000 $ 7,820,749
5.375%, 02/15/2031   2,876,000 3,285,830
U.S. Treasury Notes      
0.750%, 03/31/2013   9,863,000 9,848,403
1.250%, 03/15/2014   51,001,000 50,937,249
2.125%, 05/31/2015 to 02/29/2016   49,057,000 49,096,809
2.875%, 03/31/2018   9,944,000 9,916,037
3.625%, 02/15/2021   10,166,000 10,296,247
2.250%, 03/31/2016   38,479,000 38,467,072
 
      244,505,376
U.S. Government Agency - 41.30%      
Federal Home Loan Mortgage Corp.      
4.500%, TBA   37,800,000 38,275,452
5.000%, 01/01/2041   9,995,000 10,423,745
5.000%, 02/01/2041 to 04/01/2041   17,795,256 18,558,598
5.500%, 08/01/2037   1,497,139 1,574,749
5.560%, 10/01/2038 (P)   438,950 468,057
5.657%, 03/01/2036 (P)   403,916 428,736
5.698%, 03/01/2036 (P)   583,098 623,733
5.757%, 07/01/2038 (P)   6,605,461 7,043,089
5.787%, 11/01/2038 (P)   533,500 570,678
5.864%, 07/01/2037 (P)   2,875,832 3,074,059
5.866%, 11/01/2037 (P)   93,436 98,119
5.868%, 12/01/2036 (P)   1,994,571 2,133,301
5.878%, 03/01/2037 (P)   269,974 286,715
5.916%, 05/01/2037 (P)   815,206 872,016
5.934%, 06/01/2036 (P)   1,501,959 1,606,627
5.942%, 01/01/2037 (P)   576,153 616,304
5.979%, 06/01/2038 (P)   3,393,694 3,630,192
5.994%, 10/01/2037 (P)   2,113,363 2,260,638
6.000%, 12/01/2033 to 10/01/2038   25,325,889 27,738,598
6.051%, 11/01/2036 (P)   1,977,586 2,115,399
6.054%, 04/01/2037 (P)   587,453 625,603
6.121%, 06/01/2037 (P)   225,355 241,059
6.500%, 07/01/2034   842,837 944,194
Federal National Mortgage Association      
3.500%, TBA   3,500,000 3,294,911
3.500%, 11/01/2030 to 02/01/2041   156,416,583 152,054,586
4.500%, TBA   11,200,000 11,380,061
4.500%, 11/01/2019   964,004 997,179
5.000%, TBA   37,600,000 39,224,875
5.000%, 11/01/2040 to 04/01/2041   58,586,457 61,270,477
5.500%, 04/01/2027 to 09/01/2034   6,409,991 6,887,972
5.530%, 02/01/2039 (P)   1,311,560 1,387,004
5.689%, 10/01/2037 (P)   400,257 422,483
5.831%, 09/01/2037 (P)   2,607,456 2,759,446
5.845%, 02/01/2037 (P)   219,423 234,714
5.849%, 10/01/2037 (P)   2,049,817 2,192,664
5.866%, 01/01/2037 (P)   244,857 261,920
5.911%, 01/01/2037 (P)   323,103 345,619
5.912%, 04/01/2037 (P)   271,216 290,116
5.917%, 07/01/2037 (P)   1,002,605 1,070,117
5.933%, 09/01/2037 (P)   356,299 381,128
5.936%, 03/01/2037 (P)   436,249 466,650
5.997%, 12/01/2036 (P)   156,109 166,987
6.000%, TBA   17,100,000 18,542,529
6.000%, TBA   1,500,000 1,630,229
6.000%, 11/01/2023 to 07/01/2037   156,508,834 171,944,858
6.020%, 07/01/2037 (P)   500,316 535,182
6.038%, 10/01/2037 (P)   259,086 277,141
6.042%, 09/01/2037 (P)   237,012 253,529
6.043%, 10/01/2037 (P)   199,135 211,408

 

79

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal National Mortgage      
Association (continued)      
6.063%, 11/01/2037 (P) $ 438,443 $ 468,997
6.267%, 09/01/2037 (P)   1,967,910 2,147,833
6.325%, 07/01/2037 (P)   116,652 126,882
6.342%, 10/01/2036 (P)   268,865 287,602
6.500%, 12/01/2030 to 10/01/2036   9,901,110 11,104,275
7.000%, 06/01/2035 to 01/01/2039   6,130,895 6,973,509
Government National Mortgage Association      
3.000%, 02/20/2041 (P)   1,458,554 1,479,778
3.500%, TBA   71,586,000 69,399,499
3.500%, 10/20/2040 to 05/20/2041   30,722,901 29,688,625
3.500%, 01/20/2041 (P)   2,760,038 2,851,595
4.000%, TBA   2,523,000 2,632,354
5.000%, 07/16/2033   15,131,336 16,072,991
6.500%, 12/15/2032   1,616,686 1,822,744
 
      747,750,130
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $993,999,453)   $ 992,255,506
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 1.91%      
Canada - 0.22%      
Province of Ontario      
3.150%, 12/15/2017   4,025,000 3,978,149
Chile - 0.16%      
Republic of Chile      
3.875%, 08/05/2020   3,040,000 2,960,200
Croatia - 0.08%      
Republic of Croatia      
6.375%, 03/24/2021 (S)   1,475,000 1,476,844
Hungary - 0.11%      
Republic of Hungary      
6.375%, 03/29/2021   2,002,000 2,004,002
Mexico - 0.23%      
Government of Mexico      
5.125%, 01/15/2020   2,011,000 2,103,506
6.050%, 01/11/2040   2,016,000 2,076,480
 
      4,179,986
Norway - 0.13%      
Kommunalbanken AS      
1.750%, 10/05/2015 (S)   2,344,000 2,269,616
Poland - 0.14%      
Republic of Poland      
3.875%, 07/16/2015   2,460,000 2,483,591
Qatar - 0.29%      
Government of Qatar      
4.000%, 01/20/2015 (S)   5,170,000 5,338,025
South Africa - 0.03%      
Republic of South Africa      
6.250%, 03/08/2041   530,000 546,229
South Korea - 0.22%      
Korea Development Bank      
3.250%, 03/09/2016   3,001,000 2,939,293
4.000%, 09/09/2016   960,000 968,845
 
      3,908,138

 

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Sweden - 0.30%      
Svensk Exportkredit AB      
3.250%, 09/16/2014 $ 5,155,000 $ 5,380,320
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $34,547,303)   $ 34,525,100
 
CORPORATE BONDS - 20.13%      
Consumer Discretionary - 1.00%      
British Sky Broadcasting Group PLC      
9.500%, 11/15/2018 (S)   1,335,000 1,759,025
Comcast Cable Communications      
Holdings, Inc.      
8.375%, 03/15/2013   3,528,000 3,973,435
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
3.500%, 03/01/2016   3,005,000 3,007,620
5.000%, 03/01/2021   2,000,000 2,004,556
News America, Inc.      
6.150%, 02/15/2041 (S)   985,000 976,769
Thomson Reuters Corp.      
5.950%, 07/15/2013   1,610,000 1,772,016
Time Warner, Inc.      
4.750%, 03/29/2021   1,600,000 1,587,442
6.250%, 03/29/2041   3,110,000 3,087,456
 
      18,168,319
Consumer Staples - 0.67%      
Altria Group, Inc.      
10.200%, 02/06/2039   1,615,000 2,291,333
Anheuser-Busch InBev Worldwide, Inc.      
4.125%, 01/15/2015   4,445,000 4,689,164
Centros Comerciales Sudamericanos SA      
5.500%, 01/20/2021 (S)   1,975,000 1,945,486
Kraft Foods, Inc.      
6.500%, 02/09/2040   2,920,000 3,118,811
 
      12,044,794
Energy - 1.92%      
Anadarko Petroleum Corp.      
6.375%, 09/15/2017   3,165,000 3,479,139
BP Capital Markets PLC      
4.742%, 03/11/2021   3,995,000 3,996,171
CNOOC Finance 2011, Ltd.      
4.250%, 01/26/2021 (S)   3,310,000 3,224,281
El Paso Pipeline Partners Operating      
Company LLC      
7.500%, 11/15/2040   610,000 691,956
Energy Transfer Partners LP      
9.000%, 04/15/2019   1,730,000 2,182,931
Enterprise Products Operating LLC      
5.950%, 02/01/2041   1,755,000 1,707,018
Husky Energy, Inc.      
5.900%, 06/15/2014   1,540,000 1,704,081
7.250%, 12/15/2019   1,887,000 2,231,455
Kerr-McGee Corp.      
6.950%, 07/01/2024   1,610,000 1,777,702
Kinder Morgan Energy Partners LP      
6.375%, 03/01/2041   3,025,000 3,051,112
Marathon Petroleum Corp.      
6.500%, 03/01/2041 (S)   3,025,000 3,056,348
Rockies Express Pipeline LLC      
3.900%, 04/15/2015 (S)   4,750,000 4,695,917
Schlumberger Oilfield UK PLC      
4.200%, 01/15/2021 (S)   3,050,000 3,047,411
 
      34,845,522

 

80

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials - 8.41%      
Achmea Hypotheekbank NV      
3.200%, 11/03/2014 (S) $ 8,500,000 $ 8,792,893
American Express Credit Corp.      
5.125%, 08/25/2014   5,045,000 5,436,936
American International Group, Inc.      
5.850%, 01/16/2018   2,505,000 2,606,971
6.400%, 12/15/2020   1,055,000 1,124,688
Bank of America Corp.      
3.625%, 03/17/2016   7,495,000 7,376,212
5.625%, 07/01/2020   3,805,000 3,900,905
5.875%, 01/05/2021   1,500,000 1,563,944
6.000%, 09/01/2017   2,690,000 2,879,419
Barclays Bank PLC      
2.500%, 09/21/2015 (S)   2,680,000 2,595,170
BNP Paribas Home Loan Covered Bonds SA    
2.200%, 11/02/2015 (S)   2,820,000 2,706,656
Caisse Centrale Desjardins du Quebec      
2.550%, 03/24/2016 (S)   2,300,000 2,266,089
Canadian Imperial Bank of Commerce      
2.750%, 01/27/2016 (S)   7,735,000 7,734,830
Capital One Bank USA NA      
8.800%, 07/15/2019   2,600,000 3,265,111
Citigroup Funding, Inc.      
1.875%, 10/22/2012   3,690,000 3,757,582
Citigroup, Inc.      
4.750%, 05/19/2015   3,326,000 3,481,118
5.375%, 08/09/2020   1,005,000 1,033,088
6.375%, 08/12/2014   2,170,000 2,396,611
CNA Financial Corp.      
5.750%, 08/15/2021   1,880,000 1,921,785
6.500%, 08/15/2016   500,000 544,875
Credit Suisse New York      
6.000%, 02/15/2018   2,885,000 3,059,196
FIH Erhvervsbank A/S      
2.000%, 06/12/2013 (S)   1,685,000 1,711,717
General Electric Capital Corp.      
4.625%, 01/07/2021   3,005,000 2,954,801
HCP, Inc.      
5.375%, 02/01/2021   1,430,000 1,441,946
5.650%, 12/15/2013   3,330,000 3,604,079
6.750%, 02/01/2041   2,205,000 2,277,822
Health Care REIT, Inc.      
6.500%, 03/15/2041   1,105,000 1,066,985
HSBC Bank PLC      
4.750%, 01/19/2021 (S)   2,730,000 2,712,861
HSBC Holdings PLC      
5.100%, 04/05/2021   6,015,000 6,036,480
6.800%, 06/01/2038   1,026,000 1,074,334
Itau Unibanco Holding SA      
6.200%, 04/15/2020 (S)   3,250,000 3,333,411
JPMorgan Chase Bank NA      
6.000%, 10/01/2017   2,784,000 3,040,930
Kilroy Realty LP      
5.000%, 11/03/2015   1,105,000 1,100,938
6.625%, 06/01/2020   1,485,000 1,521,140
Lazard Group LLC      
6.850%, 06/15/2017   4,516,000 4,802,021
7.125%, 05/15/2015   3,220,000 3,532,395
Liberty Mutual Group, Inc.      
7.500%, 08/15/2036 (S)   2,081,000 2,226,670
Lloyds TSB Bank PLC      
6.375%, 01/21/2021   2,185,000 2,274,329
6.500%, 09/14/2020 (S)   1,559,000 1,530,960
MetLife, Inc.      
5.875%, 02/06/2041   585,000 589,833

 

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Morgan Stanley      
5.750%, 01/25/2021 $ 1,060,000 $ 1,068,264
5.950%, 12/28/2017   1,739,000 1,865,076
Nordea Bank AB      
3.700%, 11/13/2014 (S)   2,150,000 2,223,874
Protective Life Corp.      
8.450%, 10/15/2039   1,005,000 1,121,016
Prudential Financial, Inc.      
4.500%, 11/15/2020   1,020,000 997,556
6.200%, 11/15/2040   2,220,000 2,306,174
Shinhan Bank      
4.125%, 10/04/2016 (S)   3,335,000 3,342,320
Swedbank Hypotek AB      
2.950%, 03/28/2016 (S)   3,240,000 3,206,988
Tanger Properties LP      
6.125%, 06/01/2020   1,650,000 1,776,113
The Goldman Sachs Group, Inc.      
3.625%, 02/07/2016   3,735,000 3,693,209
6.250%, 02/01/2041   3,525,000 3,510,399
6.750%, 10/01/2037   1,895,000 1,911,352
The Royal Bank of Scotland PLC      
4.375%, 03/16/2016   3,250,000 3,266,445
US Bank NA      
5.920%, 05/25/2012   788,403 829,431
WCI Finance LLC/WEA Finance LLC      
5.400%, 10/01/2012 (S)   2,419,000 2,558,051
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
7.500%, 06/02/2014 (S)   1,628,000 1,861,747
WR Berkley Corp.      
5.375%, 09/15/2020   1,400,000 1,405,610
 
      152,221,356
Health Care - 1.60%      
Allergan, Inc.      
3.375%, 09/15/2020   4,485,000 4,192,224
Amgen, Inc.      
3.450%, 10/01/2020   3,195,000 3,001,865
Boston Scientific Corp.      
5.125%, 01/12/2017   645,000 658,943
6.000%, 01/15/2020   1,965,000 2,056,154
6.400%, 06/15/2016   1,830,000 1,992,162
Coventry Health Care, Inc.      
5.950%, 03/15/2017   3,557,000 3,685,486
Gilead Sciences, Inc.      
4.500%, 04/01/2021   4,025,000 3,970,840
Life Technologies Corp.      
3.500%, 01/15/2016   2,675,000 2,662,010
Sanofi-Aventis SA      
2.625%, 03/29/2016   3,820,000 3,782,075
UnitedHealth Group, Inc.      
5.950%, 02/15/2041   2,980,000 3,000,568
 
      29,002,327
Industrials - 0.79%      
Burlington Northern Santa Fe LLC      
5.750%, 05/01/2040   2,547,000 2,579,380
Hutchison Whampoa International, Ltd.      
4.625%, 09/11/2015 (S)   4,270,000 4,517,741
5.750%, 09/11/2019 (S)   860,000 924,103
Northrop Grumman Corp.      
3.500%, 03/15/2021   1,110,000 1,027,329
Odebrecht Finance, Ltd.      
6.000%, 04/05/2023 (S)   1,850,000 1,831,500

 

81

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Verisk Analytics, Inc.      
5.800%, 05/01/2021 $ 1,720,000 $ 1,725,286
Votorantim Cimentos SA      
7.250%, 04/05/2041 (S)   1,725,000 1,714,564
 
      14,319,903
Information Technology - 0.26%      
Adobe Systems, Inc.      
4.750%, 02/01/2020   2,238,000 2,266,843
Arrow Electronics, Inc.      
5.125%, 03/01/2021   815,000 800,385
Juniper Networks Inc.      
5.950%, 03/15/2041   1,715,000 1,693,583
 
      4,760,811
Materials - 0.78%      
ArcelorMittal      
5.500%, 03/01/2021   2,000,000 1,968,440
6.750%, 03/01/2041   1,510,000 1,478,741
The Dow Chemical Company      
4.850%, 08/15/2012   3,475,000 3,638,843
5.900%, 02/15/2015   1,850,000 2,047,784
8.550%, 05/15/2019   2,731,000 3,447,871
Vale Overseas, Ltd.      
6.875%, 11/10/2039   1,421,000 1,518,312
 
      14,099,991
Telecommunication Services - 2.48%      
America Movil SAB de CV      
5.000%, 10/16/2019   2,432,000 2,501,691
American Tower Corp.      
4.500%, 01/15/2018   3,755,000 3,681,785
5.050%, 09/01/2020   1,062,000 1,030,246
AT&T Inc., Sr Note      
6.400%, 05/15/2038   1,500,000 1,530,272
British Telecommunications PLC      
9.875%, 12/15/2030   1,055,000 1,458,409
Frontier Communications Corp.      
8.125%, 10/01/2018   1,045,000 1,124,681
8.250%, 04/15/2017   3,055,000 3,299,400
8.500%, 04/15/2020   1,010,000 1,094,588
NBCUniversal Media LLC      
2.875%, 04/01/2016 (S)   3,230,000 3,149,621
4.375%, 04/01/2021 (S)   1,688,000 1,613,505
5.950%, 04/01/2041 (S)   1,983,000 1,900,243
Telefonica Emisiones SAU      
3.992%, 02/16/2016   3,485,000 3,497,414
5.462%, 02/16/2021   3,485,000 3,525,022
5.984%, 06/20/2011   2,325,000 2,350,329
Telefonica Moviles Chile SA      
2.875%, 11/09/2015 (S)   1,650,000 1,585,502
Telemar Norte Leste SA      
5.500%, 10/23/2020 (S)   3,995,000 3,925,088
Verizon Communications, Inc.      
3.000%, 04/01/2016   5,330,000 5,295,776
Verizon Wireless Capital LLC      
8.500%, 11/15/2018   1,790,000 2,297,653
 
      44,861,225
Utilities - 2.22%      
Ameren Corp.      
8.875%, 05/15/2014   2,380,000 2,735,408
Appalachian Power Co.      
4.600%, 03/30/2021   3,005,000 2,957,737
CMS Energy Corp.      
5.050%, 02/15/2018   2,355,000 2,342,052

 

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Dominion Resources, Inc.      
8.875%, 01/15/2019 $ 5,680,000 $ 7,243,431
DPL, Inc.      
6.875%, 09/01/2011   3,080,000 3,156,895
FirstEnergy Solutions Corp.      
6.050%, 08/15/2021   1,290,000 1,335,062
6.800%, 08/15/2039   955,000 946,121
Keyspan Gas East Corp.      
5.819%, 04/01/2041 (S)   2,300,000 2,298,358
Korea Hydro & Nuclear Power Company, Ltd.    
3.125%, 09/16/2015 (S)   2,580,000 2,508,291
Midamerican Energy Holdings Company      
6.500%, 09/15/2037   1,530,000 1,690,719
Nevada Power Company      
8.250%, 06/01/2011   5,606,000 5,672,358
PacifiCorp      
6.250%, 10/15/2037   1,060,000 1,171,201
Progress Energy, Inc.      
6.850%, 04/15/2012   1,760,000 1,863,286
Sempra Energy      
2.000%, 03/15/2014   4,265,000 4,231,997
 
      40,152,916
TOTAL CORPORATE BONDS (Cost $360,361,174) $ 364,477,164
 
MUNICIPAL BONDS - 1.06%      
California - 0.40%      
Los Angeles Community College District      
6.750%, 08/01/2049   1,995,000 2,119,209
Los Angeles Department of Water & Power    
6.574%, 07/01/2045   2,230,000 2,308,697
State of California      
7.600%, 11/01/2040   2,585,000 2,832,721
 
      7,260,627
Illinois - 0.27%      
State of Illinois      
5.365%, 03/01/2017   1,620,000 1,611,981
5.665%, 03/01/2018   1,620,000 1,621,377
5.877%, 03/01/2019   1,620,000 1,619,595
 
      4,852,953
Nevada - 0.12%      
County of Clark      
6.820%, 07/01/2045   2,120,000 2,094,772
New Jersey - 0.15%      
New Jersey State Turnpike Authority      
7.102%, 01/01/2041   2,585,000 2,799,167
Texas - 0.12%      
North Texas Tollway Authority      
6.718%, 01/01/2049   2,290,000 2,274,085
TOTAL MUNICIPAL BONDS (Cost $18,950,629) $ 19,281,604
 
CAPITAL PREFERRED SECURITIES - 0.18%    
Diversified Financial Services - 0.18%      
JPMorgan Chase Capital XXV      
6.800%, 10/01/2037   3,285,000 3,299,441
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $3,031,752)   $ 3,299,441

 

82

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COLLATERALIZED MORTGAGE    
OBLIGATIONS - 22.74%    
 
COMMERCIAL & RESIDENTIAL - 11.06%    
Americold LLC Trust, Series 2010-ARTA,    
Class A1    
3.847%, 01/14/2029 (S) 3,895,947 $ 3,942,458
Asset Securitization Corp., Series 1996-D3,    
Class A2    
7.046%, 10/13/2026 (P) 255,371 257,696
Banc of America Commercial Mortgage, Inc.    
Series 2004-6, Class A3,    
4.512%, 12/10/2042 720,000 727,297
Series 2005-4, Class A5A,    
4.933%, 07/10/2045 5,559,000 5,873,841
Series 2002-2, Class B,    
5.271%, 07/11/2043 675,000 694,913
Series 2006-6, Class A4,    
5.356%, 10/10/2045 6,623,000 6,961,104
Series 2006-3, Class A4,    
5.889%, 07/10/2044 (P) 2,013,000 2,174,620
Series 2002-PB2, Class B,    
6.309%, 06/11/2035 236,000 242,679
Bear Stearns Commercial    
Mortgage Securities, Inc.    
Series 2003-T12, Class A3,    
4.240%, 08/13/2039 (P) 107,223 108,872
Series 2002-PBW1, Class A2,    
4.720%, 11/11/2035 (P) 432,000 445,647
Series 2005-PWR7, Class A2,    
4.945%, 02/11/2041 1,600,738 1,630,558
Citigroup/Deutsche Bank Commercial    
Mortgage Trust, Series 2005-CD1,    
Class AM    
5.222%, 07/15/2044 (P) 2,084,000 2,201,167
Commercial Mortgage Asset Trust,    
Series 1999-C1, Class A4    
6.975%, 01/17/2032 (P) 3,112,000 3,257,459
Commercial Mortgage Pass    
Through Certificates    
Series 2004-B4A, Class A5,    
4.840%, 10/15/2037 3,869,000 4,068,472
Series 2001-J2A, Class B,    
6.304%, 07/16/2034 (S) 2,376,000 2,385,601
Credit Suisse First Boston    
Mortgage Securities Corp.    
Series 2003-CPN1, Class B,    
4.723%, 03/15/2035 1,013,000 1,048,583
Series 2005-C3, Class AM,    
4.730%, 07/15/2037 1,508,000 1,540,753
Series 2005-C1, Class A3,    
4.813%, 02/15/2038 1,679,787 1,719,663
Series 2005-C2, Class A4,    
4.832%, 04/15/2037 1,926,000 2,018,491
Series 2002-CP5, Class A2,    
4.940%, 12/15/2035 2,963,000 3,089,764
Series 2002-CKS4, Class A2,    
5.183%, 11/15/2036 2,298,643 2,381,327
Series 2003-C4, Class B,    
5.253%, 08/15/2036 (P) 1,742,000 1,804,171
Series 2004-C2, Class A2,    
5.416%, 05/15/2036 (P) 3,000,000 3,216,641
Series 2002-CP3, Class A3,    
5.603%, 07/15/2035 577,000 599,036
Credit Suisse Mortgage Capital Certificates    
Series 2007-C2, Class A2,    
5.448%, 01/15/2049 (P) 1,394,720 1,414,725

 

Core Bond Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMERCIAL & RESIDENTIAL (continued)    
Credit Suisse Mortgage Capital    
Certificates (continued)    
Series 2006-C2, Class A3,    
5.660%, 03/15/2039 (P) 1,360,000 $ 1,460,415
Series 2006-C3, Class A3,    
5.825%, 06/15/2038 (P) 2,108,000 2,278,071
Developers Diversified Realty Corp.,    
Series 2009-DDR1, Class A    
3.807%, 10/14/2022 (S) 5,702,053 5,892,593
Extended Stay America Trust,    
Series 2010-ESHA, Class A    
2.951%, 11/05/2027 (S) 1,502,242 1,475,736
First Union National Bank Commercial    
Mortgage, Series 2001-C4, Class B    
6.417%, 12/12/2033 305,000 311,987
GE Capital Commercial Mortgage Corp.,    
Series 2002-1A, Class A3    
6.269%, 12/10/2035 338,361 349,041
GMAC Commercial Mortgage Securities, Inc.    
Series 2004-C2, Class A4,    
5.301%, 08/10/2038 (P) 3,573,000 3,807,829
Series 2003-C2, Class B,    
5.488%, 05/10/2040 (P) 1,756,000 1,858,327
Series 2003-C2, Class D,    
5.488%, 05/10/2040 (P) 622,000 647,383
Series 2001-C2, Class A2,    
6.700%, 04/15/2034 330,858 330,542
Series 2001-C2, Class B,    
6.790%, 04/15/2034 336,000 336,986
Greenwich Capital Commercial Funding Corp.    
Series 2003-C1, Class B,    
4.229%, 07/05/2035 1,217,000 1,250,983
Series 2005-GG5, Class A5,    
5.224%, 04/10/2037 (P) 5,393,000 5,735,253
Series 2006-GG7, Class A4,    
5.890%, 07/10/2038 (P) 4,496,000 4,911,869
GS Mortgage Securities Corp. II    
Series 2011-GC3, Class A2,    
3.645%, 03/10/2044 (S) 2,304,000 2,311,432
Series 2010, Class C2,    
3.849%, 12/10/2043 (S) 3,210,708 3,250,466
Series 2005-GG4, Class A4A,    
4.751%, 07/10/2039 4,135,000 4,345,823
Series 2011-GC3, Class A4,    
4.753%, 03/10/2044 (S) 1,596,000 1,604,963
Series 2010, Class C2,    
5.162%, 12/10/2043 (P)(S) 1,739,000 1,802,046
Series 2006-GG6, Class A4,    
5.553%, 04/10/2038 (P) 3,463,000 3,709,079
Impac Funding LLC, Series 2010-1, Class A1    
5.314%, 01/25/2051 (S) 4,642,555 4,712,193
JPMorgan Chase Commercial    
Mortgage Securities Corp.    
Series 2010-C1, Class A1,    
3.853%, 06/15/2043 (S) 6,308,506 6,447,989
Series 2003-C1, Class A1,    
4.275%, 01/12/2037 942,271 962,263
Series 2010-CNTR, Class A2,    
4.311%, 08/05/2032 (S) 4,091,000 3,921,242
Series 2003-CB6, Class A1,    
4.393%, 07/12/2037 422,058 430,095
Series 2011-C3A, Class A4,    
4.717%, 02/15/2046 (S) 3,240,000 3,246,737
Series 2005-LDP4, Class A4,    
4.918%, 10/15/2042 (P) 670,000 708,445

 

83

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMERCIAL & RESIDENTIAL (continued)    
JPMorgan Chase Commercial Mortgage    
Securities Corp. (continued)    
Series 2002-C2, Class A2,    
5.050%, 12/12/2034 1,546,000 $ 1,611,348
Series 2004-CB9, Class A2,    
5.108%, 06/12/2041 (P) 1,030,661 1,032,517
Series 2004-IN2, Class A2,    
5.115%, 07/15/2041 1,687,000 1,772,300
Series 2006-LDP9, Class A2,    
5.134%, 05/15/2047 984,000 1,008,266
Series 2002-CIB5, Class A2,    
5.161%, 10/12/2037 150,000 156,589
Series 2005-LDP5, Class A4,    
5.202%, 12/15/2044 (P) 1,352,000 1,447,022
Series 2002-C2, Class B,    
5.211%, 12/12/2034 (P) 723,000 751,747
Series 2005-CB13, Class A4,    
5.280%, 01/12/2043 (P) 2,279,000 2,427,215
Series 2007-LDPX, Class A3S,    
5.317%, 01/15/2049 3,423,000 3,479,134
Series 2003-PM1A, Class A4,    
5.326%, 08/12/2040 (P) 1,408,000 1,495,031
Series 2006-LDP9, Class A3,    
5.336%, 05/15/2047 990,000 1,035,044
Series 2002-C1, Class A3,    
5.376%, 07/12/2037 1,119,000 1,158,185
Series 2006-CB14, Class A4,    
5.481%, 12/12/2044 (P) 1,873,000 1,984,603
Series 2009-IWST, Class A2,    
5.633%, 12/05/2027 (S) 4,331,000 4,663,602
Series 2007-LD11, Class ASB,    
5.818%, 06/15/2049 (P) 2,192,000 2,317,241
Series 2002-CIB4, Class C,    
6.450%, 05/12/2034 (P) 1,546,000 1,587,789
Series 2001-CIB3, Class A3,    
6.465%, 11/15/2035 1,294,204 1,311,029
Series 2001-CIB2, Class D,    
6.847%, 04/15/2035 (P) 853,000 856,912
JPMorgan Commercial Mortgage    
Finance Corp., Series 2000-C10, Class C    
7.786%, 08/15/2032 (P) 140,025 139,919
LB Commercial Conduit Mortgage Trust    
Series 2007-C3, Class A3,    
5.918%, 07/15/2044 (P) 826,000 867,705
Series 2007-C3, Class A4,    
5.928%, 07/15/2044 (P) 2,553,000 2,728,492
LB-UBS Commercial Mortgage Trust    
Series 2002-C4, Class A4,    
4.563%, 09/15/2026 324,159 330,387
Series 2004-C7, Class A5,    
4.628%, 10/15/2029 495,000 511,884
Series 2005-C1, Class A4,    
4.742%, 02/15/2030 965,000 1,012,692
Series 2002-C4, Class A5,    
4.853%, 09/15/2031 4,735,000 4,920,324
Series 2005-C5, Class A4,    
4.954%, 09/15/2030 2,302,000 2,454,566
Series 2005-C2, Class A4,    
4.998%, 04/15/2030 2,935,000 3,000,259
Series 2007-C1, Class AAB,    
5.403%, 02/15/2040 840,000 884,101
Series 2002-C2, Class A4,    
5.594%, 06/15/2031 907,000 941,234
Series 2007-C6, Class A3,    
5.933%, 07/15/2040 3,739,000 3,906,864

 

Core Bond Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMERCIAL & RESIDENTIAL (continued)    
Merrill Lynch Mortgage Trust    
Series 2005-CIP1, Class A3A,    
4.949%, 07/12/2038 (P) 721,000 $ 727,171
Series 2005-CKI1, Class A6,    
5.232%, 11/12/2037 (P) 1,759,000 1,888,600
Morgan Stanley Capital I    
Series 2004-T13, Class A3,    
4.390%, 09/13/2045 777,766 804,222
Series 2005-T17, Class A4,    
4.520%, 12/13/2041 134,401 135,879
Series 2004-IQ8, Class A4,    
4.900%, 06/15/2040 1,959,000 2,002,796
Series 2005-HQ6, Class A4A,    
4.989%, 08/13/2042 3,909,000 4,163,087
Series 2004-T15, Class A3,    
5.030%, 06/13/2041 556,000 569,778
Series 2006-IQ12, Class ANM,    
5.310%, 12/15/2043 2,450,000 2,466,039
Series 2007-HQ13, Class A1,    
5.357%, 12/15/2044 845,380 872,883
Series 2008-HQ8, Class AM,    
5.451%, 03/12/2044 (P) 1,055,000 1,113,495
Series 2007-IQ14, Class AAB,    
5.654%, 04/15/2049 (P) 646,000 676,561
Morgan Stanley Dean Witter Capital I    
Series 2003-HQ2, Class B,    
5.040%, 03/12/2035 807,000 840,835
Series 2001, Class A4,    
6.390%, 07/15/2033 1,222,470 1,226,129
Series 2002-HQ, Class B,    
6.640%, 04/15/2034 671,000 696,378
Morgan Stanley Mortgage Loan Trust,    
Series 2007-6XS, Class 2A1S    
0.360%, 02/25/2047 (P) 46,400 40,597
Nomura Asset Securities Corp.,    
Series 1998-D6, Class A2    
6.553%, 03/15/2030 (P) 3,120,000 3,389,683
Prudential Mortgage Capital Funding LLC,    
Series 2001-ROCK, Class B    
6.760%, 05/10/2034 654,000 653,918
Salomon Brothers    
Mortgage Securities VII, Inc.    
Series 2001-C2, Class A3,    
6.499%, 11/13/2036 1,935,039 1,961,036
Series 2000-C2, Class C,    
7.727%, 07/18/2033 (P) 145,453 145,234
Sequoia Mortgage Trust    
Series 2010-H1, Class A1,    
3.750%, 02/25/2040 (P) 931,285 943,247
Series 2011-1, Class A1,    
4.125%, 02/25/2041 (P) 991,636 991,469
Wachovia Bank Commercial Mortgage Trust,    
Series 2003-C8, Class A3    
4.445%, 11/15/2035 186,000 188,303
 
U.S. GOVERNMENT AGENCY - 11.68%    
Federal Home Loan Mortgage Corp.    
Series K008, Class A1,    
2.746%, 12/25/2019 4,178,068 4,077,026
Series K010, Class A1,    
3.320%, 07/25/2020 6,932,498 6,955,229
Series K007, Class A1,    
3.342%, 12/25/2019 2,808,144 2,830,369
Series 2727, Class PW,    
3.570%, 06/15/2029 17,262 17,557

 

84

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
U.S. GOVERNMENT AGENCY (continued)    
Federal Home Loan Mortgage Corp. (continued)    
Series 3704, Class CA,    
4.000%, 12/15/2036 12,092,777 $ 12,456,327
4.000%, 02/15/2039 1,215,256 1,250,727
Series 3631, Class PA,    
4.000%, 02/15/2040 4,415,931 4,558,067
Series K005, Class A2,    
4.317%, 11/25/2019 5,841,000 5,884,093
Series 3598, Class MA,    
4.500%, 11/15/2038 2,298,907 2,383,377
Series 2009-K003, Class AAB,    
4.768%, 05/25/2018 1,094,000 1,166,420
5.000%, 03/15/2032 1,302,000 1,394,213
Series 3455, Class A,    
5.000%, 06/15/2038 4,623,785 4,835,548
5.000%, 02/15/2040 14,788,006 15,773,458
Series 3052, Class MH,    
5.250%, 10/15/2034 1,582,880 1,680,862
Series 2005-3028, Class PG,    
5.500%, 09/15/2035 960,859 1,034,021
Series 2005-3035, Class PA,    
5.500%, 09/15/2035 5,263,435 5,690,402
Series 3325, Class JL,    
5.500%, 06/15/2037 2,335,758 2,480,187
Series 2479, Class PG,    
6.000%, 08/15/2032 2,333,599 2,546,824
Series 2980, Class QA,    
6.000%, 05/15/2035 3,184,641 3,483,097
Series T-48, Class 1A,    
6.465%, 07/25/2033 (P) 68,359 81,016
7.500%, 07/25/2043 777,017 874,576
Series T-59, Class 1A3,    
7.500%, 10/25/2043 1,006,543 1,162,853
Series T-60, Class 1A3,    
7.500%, 03/25/2044 1,084,943 1,237,984
Federal National Mortgage Association    
Series 2010-15, Class KA,    
4.000%, 03/25/2039 3,121,086 3,205,973
4.000%, 09/25/2039 7,443,610 7,678,422
Series 2010-135, Class LM,    
4.000%, 12/25/2040 468,234 481,263
Series 2009-M2, Class A3,    
4.001%, 01/25/2019 2,669,000 2,684,170
Series 2007-30, Class MA,    
4.250%, 02/25/2037 6,751,118 7,028,041
Series 2009-M1, Class A2,    
4.287%, 07/25/2019 2,841,000 2,890,077
Series 2010-M3, Class A3,    
4.332%, 03/25/2020 (P) 12,250,000 12,315,727
Series 2010-M1, Class A2,    
4.450%, 09/25/2019 946,000 969,859
4.500%, 09/25/2039 1,594,085 1,661,288
Series 3652, Class AP,    
4.500%, 03/15/2040 12,170,831 12,772,223
Series 2010-54, Class EA,    
4.500%, 06/25/2040 9,243,700 9,782,850
4.500%, 03/25/2049 4,514,237 4,689,543
Series 2009-78, Class J,    
5.000%, 09/25/2019 3,463,997 3,689,549
5.000%, 05/25/2032 1,076,000 1,151,075
Series 2009-100, Class PN,    
5.000%, 11/25/2039 3,809,377 4,007,287
Series 2005-58, Class MA,    
5.500%, 07/25/2035 257,094 278,374
Series 2005-64, Class PL,    
5.500%, 07/25/2035 1,805,333 1,949,081

 

Core Bond Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
U.S. GOVERNMENT AGENCY (continued)    
Federal National Mortgage    
Association (continued)    
6.000%, 01/25/2033 3,102,000 $ 3,441,006
Series 2009-71, Class JT,    
6.000%, 06/25/2036 4,783,263 5,200,536
Series 2007-77, Class MH,    
6.000%, 12/25/2036 6,725,039 7,057,843
6.000%, 12/25/2039 7,399,740 7,906,578
Series 2001-81, Class HE,    
6.500%, 01/25/2032 18,968,970 21,170,471
Series 2002-33, Class A2,    
7.500%, 06/25/2032 772,441 869,865
Series 2001-T7, Class A1,    
7.500%, 02/25/2041 719,900 811,007
Series 2002-T6, Class A2,    
7.500%, 10/25/2041 1,077,591 1,225,605
Series 2002-T16, Class A3,    
7.500%, 07/25/2042 598,997 668,653
Series 2002-T18, Class A4,    
7.500%, 08/25/2042 599,282 687,615
Government National Mortgage Association,    
Series 2003-79, Class PV    
5.500%, 10/20/2023 1,300,538 1,414,521
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $412,684,258) $ 411,739,402
 
ASSET BACKED SECURITIES - 7.38%    
Ally Auto Receivables Trust, Series 2010-5,    
Class A4    
1.750%, 03/15/2016 2,418,000 2,387,182
Ally Master Owner Trust, Series 2011-1 A2    
2.150%, 01/15/2016 7,561,000 7,555,051
Capital One Multi-Asset Execution Trust,    
Series 2006-A5, Class A5    
0.315%, 01/15/2016 (P) 2,589,000 2,579,310
Capital One Multi-Asset Execution Trust,,    
Series 2004-A4, Class A4    
0.475%, 03/15/2017 (P) 5,038,000 5,023,836
Citibank Credit Card Issuance Trust,    
Series 2009-A5, Class A5    
2.250%, 12/23/2014 1,502,000 1,532,988
Citibank Omni Master Trust,    
Series 2009-A14A, Class A14    
3.005%, 08/15/2018 (S)(P) 5,480,000 5,803,322
Citigroup Mortgage Loan Trust, Inc.,    
Series 2007-AHL1, Class A2A    
0.290%, 12/25/2036 (P) 56,250 53,916
Discover Card Master Trust, Series 2011-A1,    
Class A1    
0.610%, 08/15/2016 (P) 6,551,000 6,568,171
GE Capital Credit Card Master Note Trust    
Series 2011-1, Class A,    
0.805%, 01/15/2017 (P) 3,522,000 3,533,920
Series 2009-2, Class A,    
3.690%, 07/15/2015 2,519,000 2,607,271
MMCA Automobile Trust, Series 2011-A,    
Class A4    
2.020%, 10/17/2016 (S) 3,311,000 3,289,048
Morgan Stanley ABS Capital I,    
Series 2007-HE2, Class A2A    
0.290%, 01/25/2037 (P) 23,450 22,785
Morgan Stanley Home Equity Loan Trust,    
Series 2007-1, Class A1    
0.300%, 12/25/2036 (P) 15,349 14,975

 

85

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
ASSET BACKED SECURITIES (continued)    
Nelnet Student Loan Trust    
Series 2006-2, Class A4,    
0.383%, 10/26/2026 (P) 756,000 $ 750,329
Series 2006-1, Class A4,    
0.403%, 11/23/2022 (P) 3,117,000 3,054,871
Series 2005-4, Class A3,    
0.439%, 06/22/2026 (P) 4,917,000 4,748,077
Series 2004-3, Class A5,    
0.483%, 10/27/2036 (P) 3,631,000 3,386,537
Series 2008-3, Class A4,    
1.962%, 11/25/2024 (P) 8,770,000 9,138,071
SLC Student Loan Trust, Series 2008-1,    
Class A4A    
1.910%, 12/15/2032 (P) 7,334,000 7,590,606
SLM Student Loan Trust    
Series 2007-4, Class A3,    
0.363%, 01/25/2022 (P) 2,758,000 2,727,970
Series 2006-3, Class A4,    
0.383%, 07/25/2019 (P) 3,903,000 3,871,990
Series 2005-6, Class A5A,    
0.413%, 07/27/2026 (P) 10,087,000 9,773,238
Series 2005-7, Class A4,    
0.453%, 10/25/2029 (P) 2,950,000 2,733,596
Series 2004-7, Class A5,    
0.473%, 01/27/2020 (P) 5,355,000 5,324,347
Series 2010-1, Class A,    
0.650%, 03/25/2025 (P) 4,709,982 4,710,505
Series 2008-6, Class A2,    
0.853%, 10/25/2017 (P) 3,709,000 3,716,255
Series 2008-4, Class A2,    
1.353%, 07/25/2016 (P) 2,058,000 2,091,384
Series 2008-5, Class A2,    
1.403%, 10/25/2016 (P) 4,970,938 5,028,985
Series 2008-5, Class A3,    
1.603%, 01/25/2018 (P) 1,336,000 1,372,892
Series 2008-9, Class A,    
1.803%, 04/25/2023 (P) 1,829,660 1,888,560
Series 2008-4, Class A4,    
1.953%, 07/25/2022 (P) 2,674,000 2,785,654
Series 2008-5, Class A4,    
2.003%, 07/25/2023 (P) 6,602,000 6,902,461
SMS Student Loan Trust, Series 2000-A,    
Class A2    
0.494%, 10/28/2028 (P) 3,088,164 3,076,087
Volkswagen Auto Loan Enhanced Trust,    
Series 2011-1, Class A4    
1.980%, 09/20/2017 3,993,000 3,972,353
World Financial Network Credit Card    
Master Trust, Series 2009-A, Class A    
4.600%, 09/15/2015 3,923,000 4,002,522
TOTAL ASSET BACKED SECURITIES (Cost $133,430,208) $ 133,619,065
 
SECURITIES LENDING COLLATERAL - 2.79%  
John Hancock Collateral    
Investment Trust, 0.2867% (W)(Y) 5,044,069 50,475,496
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $50,476,872)   $ 50,475,496

 

Core Bond Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
SHORT-TERM INVESTMENTS - 1.60%    
Money Market Funds* - 1.60%    
State Street Institutional Liquid Reserves    
Fund, 0.1855% 28,899,901 $ 28,899,901
TOTAL SHORT-TERM INVESTMENTS (Cost $28,899,901) $ 28,899,901
Total Investments (Core Bond Trust)    
(Cost $2,012,081,909) - 111.24%   $ 2,013,957,743
Other assets and liabilities, net - (11.24%)   (203,469,114)
TOTAL NET ASSETS - 100.00%   $ 1,810,488,629
 
TBA SALE COMMITMENTS OUTSTANDING    
Federal National Mortgage Association - (0.18)%    
3.500%, TBA (3,500,000) (3,294,911)
TOTAL TBA SALE COMMITMENTS    
OUTSTANDING (Cost $(3,268,125))   $ (3,294,911)
Federal National Mortgage Association - (1.36)%    
6.000%, TBA (22,700,000) (24,614,936)
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $(24,299,641))   $ (24,614,936)
 
 
Core Disciplined Diversification Trust  
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.01%    
Affiliated Investment Companies - 100.01%    
Equity - 88.02%    
John Hancock Trust (G) - 88.02%    
500 Index, Series NAV (John Hancock) (2)(A) 1,986,309 $ 22,782,962
Disciplined Diversification, Series NAV (DFA) 8,585,124 109,632,034
International Index, Series NAV    
(John Hancock) (2)(A) 1,219,749 21,906,694
Mid Cap Index, Series NAV    
(John Hancock) (2)(A) 160,073 3,100,614
Small Cap Index, Series NAV    
(John Hancock) (2)(A) 225,382 3,407,770
Fixed Income - 11.99%    
John Hancock Trust (G) - 11.99%    
Total Bond Market A,    
Series NAV (Declaration) (A) 1,584,374 21,911,890
TOTAL INVESTMENT COMPANIES (Cost $165,130,891) $ 182,741,964
Total Investments (Core Disciplined Diversification Trust)  
(Cost $165,130,891) - 100.01%   $ 182,741,964
Other assets and liabilities, net - (0.01%)   (18,911)
TOTAL NET ASSETS - 100.00%   $ 182,723,053
 
 
Core Diversified Growth & Income Trust  
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.28%    
Affiliated Investment Companies - 40.11%    
Equity - 28.19%    

 

86

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Core Diversified Growth & Income Trust (continued)
Shares or
Principal
  Amount Value
 
INVESTMENT COMPANIES (continued)    
John Hancock Trust (G) - 28.19%    
500 Index, Series NAV (John Hancock) (2)(A) 81,179 $ 931,121
International Index, Series NAV    
(John Hancock) (2)(A) 9,622 172,803
Fixed Income - 11.92%    
John Hancock Trust (G) - 11.92%    
Total Bond Market A,    
Series NAV (Declaration) (A) 33,768 467,018
Unaffiliated Investment Companies - 60.17%    
American Funds Insurance Series - 60.17%    
American Blue Chip Income & Growth    
Fund - Class 1 33,154 318,279
American Global Growth Fund - Class 1 13,092 296,545
American Growth Fund - Class 1 5,479 320,441
American Growth-Income Fund - Class 1 16,933 608,248
American International Fund - Class 1 6,051 112,423
American U.S. Government Fund - Class 1 55,597 700,527
TOTAL INVESTMENT COMPANIES (Cost $3,619,025) $ 3,927,405
Total Investments (Core Diversified Growth & Income Trust)  
(Cost $3,619,025) - 100.28% $ 3,927,405
Other assets and liabilities, net - (0.28%)   (10,806)
TOTAL NET ASSETS - 100.00% $ 3,916,599
 
 
 
Core Fundamental Holdings Trust    
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 100.01%    
Affiliated Investment Companies - 40.00%    
Equity - 24.11%    
John Hancock Trust (G) - 24.11%    
500 Index, Series NAV (John Hancock) (2)(A) 4,579,537 $ 52,527,286
International Index, Series NAV    
(John Hancock) (2)(A) 806,110 14,477,737
Fixed Income - 15.89%    
John Hancock Trust (G) - 15.89%    
Total Bond Market A,    
Series NAV (Declaration) (A) 3,193,117 44,160,814
Unaffiliated Investment Companies - 60.01%    
American Funds Insurance Series - 60.01%    
American Blue Chip Income & Growth    
Fund - Class 1 2,040,155 19,585,489
American Growth Fund - Class 1 338,047 19,772,362
American Growth-Income Fund - Class 1 1,093,596 39,281,986
American International Fund - Class 1 1,174,184 21,816,336
American U.S. Government Fund - Class 1 5,261,188 66,290,966
TOTAL INVESTMENT COMPANIES (Cost $251,364,421) $ 277,912,976
Total Investments (Core Fundamental Holdings Trust)    
(Cost $251,364,421) - 100.01% $ 277,912,976
Other assets and liabilities, net - (0.01%)   (19,262)
TOTAL NET ASSETS - 100.00% $ 277,893,714

 

Core Global Diversification Trust  
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.01%    
Affiliated Investment Companies - 39.94%    
Equity - 26.00%    
John Hancock Trust (G) - 26.00%    
500 Index, Series NAV (John Hancock) (2)(A) 2,560,953 $ 29,374,128
International Index, Series NAV    
(John Hancock) (2)(A) 3,089,206 55,482,148
Fixed Income - 13.94%    
John Hancock Trust (G) - 13.94%    
Total Bond Market A,    
Series NAV (Declaration) (A) 3,288,910 45,485,619
Unaffiliated Investment Companies - 60.07%    
American Funds Insurance Series - 60.07%    
American Global Growth Fund - Class 1 2,492,975 56,465,894
American Growth-Income Fund - Class 1 444,649 15,971,777
American International Fund - Class 1 2,978,209 55,335,131
American U.S. Government Fund - Class 1 5,414,955 68,228,429
TOTAL INVESTMENT COMPANIES (Cost $303,757,503) $ 326,343,126
Total Investments (Core Global Diversification Trust)  
(Cost $303,757,503) - 100.01%   $ 326,343,126
Other assets and liabilities, net - (0.01%)   (20,228)
 
TOTAL NET ASSETS - 100.00%   $ 326,322,898
 
 
 
Core Strategy Trust    
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.00%    
Affiliated Investment Companies - 100.00%    
Equity - 70.30%    
John Hancock Trust (G) - 70.30%    
500 Index, Series NAV (John Hancock) (2)(A) 26,592,174 $ 305,012,233
International Index, Series NAV    
(John Hancock) (2)(A) 7,804,385 140,166,763
Mid Cap Index, Series NAV    
(John Hancock) (2)(A) 2,741,713 53,106,974
Small Cap Index, Series NAV    
(John Hancock) (2)(A) 1,505,359 22,761,025
Fixed Income - 29.70%    
John Hancock Trust (G) - 29.70%    
Total Bond Market A,    
Series NAV (Declaration) (A) 15,920,769 220,184,237
 
    741,231,232
TOTAL INVESTMENT COMPANIES (Cost $630,505,204) $ 741,231,232
Total Investments (Core Strategy Trust)    
(Cost $630,505,204) - 100.00%   $ 741,231,232
Other assets and liabilities, net - 0.00%   (32,821)
 
TOTAL NET ASSETS - 100.00%   $ 741,198,411

 

87

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 69.93%    
Australia - 1.68%    
Acrux, Ltd. 1,766 $ 5,527
Adelaide Brighton, Ltd. 7,026 23,378
AGL Energy, Ltd. 2,090 30,918
Alesco Corp., Ltd. 615 2,036
Alumina, Ltd. 18,167 46,269
Amalgamated Holdings, Ltd. 3,424 21,070
Amcor, Ltd. 8,082 58,976
AMP, Ltd. 13,616 76,403
Ansell, Ltd. 1,951 27,266
Anvil Mining, Ltd. (I) 200 1,306
APA Group, Ltd. 2,507 10,913
APN News & Media, Ltd. 2,128 3,416
Aquarius Platinum, Ltd. 1,779 9,898
Aquila Resources, Ltd. (I) 792 7,703
ARB Corp., Ltd. 509 4,350
Aristocrat Leisure, Ltd. 3,696 12,415
Asciano Group 21,695 39,022
Aspire Mining Ltdaspire Mining Ltd. (I) 11,773 12,060
Atlas Iron, Ltd. (I) 6,571 25,306
Austar United Communications, Ltd. (I) 5,902 8,018
Australia & New Zealand Banking Group, Ltd. 13,339 328,209
Australian Infrastructure Fund 5,379 10,659
Australian Stock Exchange, Ltd. 857 30,500
Australian Worldwide Exploration, Ltd. (I) 6,149 11,002
Automotive Holdings Group 3,000 8,707
Bandanna Energy Ltdbandanna Energy Ltd. (I) 3,990 7,289
Bank of Queensland, Ltd. 921 9,448
Beach Energy, Ltd. 24,430 24,488
Bendigo and Adelaide Bank, Ltd. 2,424 23,895
BHP Billiton, Ltd. 1,200 57,513
BHP Billiton, Ltd., SADR (L) 5,700 546,516
Billabong International, Ltd. 3,565 27,813
Blackmores, Ltd. 69 2,134
BlueScope Steel, Ltd. 14,114 28,786
Boart Longyear Group 12,589 60,851
Boral, Ltd. 13,414 69,301
Bow Energy, Ltd. (I) 9,313 9,682
Bradken, Ltd. 1,082 8,777
Brambles, Ltd. 6,902 50,508
Brickworks, Ltd. 1,981 22,508
Cabcharge Australia, Ltd. 479 2,734
Caltex Australia, Ltd. 721 11,625
Campbell Brothers, Ltd. 646 30,955
Cardno, Ltd. 746 4,505
Challenger Financial Services Group, Ltd. 7,270 37,066
Coca-Cola Amatil, Ltd. 2,908 35,299
Cochlear, Ltd. 512 43,952
Cockatoo Coal, Ltd. (I) 8,818 4,449
Commonwealth Bank of Australia 6,843 370,934
Computershare, Ltd. 3,023 28,961
ConnectEast Group 53,679 25,254
Consolidated Media Holdings, Ltd. 4,541 13,246
Crane Group, Ltd. 473 4,993
Crown, Ltd. 3,414 28,747
CSL, Ltd. 1,983 73,263
CSR, Ltd. 11,474 38,893
CuDeco, Ltd. (I) 2,196 7,019
Customers, Ltd. 3,092 4,635
Dart Energy, Ltd. (I) 3,341 3,015
David Jones, Ltd. 3,562 17,492
Discovery Metals, Ltd. (I) 7,718 10,034
Downer EDI, Ltd. 1,628 6,377
Duet Group 9,837 17,024
Duluxgroup, Ltd. 2,418 6,774
Eastern Star Gas, Ltd. (I) 15,735 12,273

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Elders, Ltd. (I) 1,707 $ 891
Emeco Holdings, Ltd. 4,324 5,422
Energy Resources of Australia, Ltd. 406 3,340
Energy World Corp., Ltd. (I) 24,742 12,391
Envestra, Ltd. 2,480 1,539
Extract Resources, Ltd. (I) 987 8,036
Fleetwood Corp., Ltd. 1,862 23,297
Flight Centre, Ltd. 206 4,743
Fortescue Metals Group, Ltd. 6,361 42,031
Foster’s Group, Ltd. 11,127 65,789
Goodman Fielder, Ltd. 20,604 26,202
GrainCorp., Ltd. 585 4,599
GUD Holdings, Ltd. 2,068 20,482
Gunns, Ltd. (I) 11,710 7,495
GWA International, Ltd. 1,367 4,676
Harvey Norman Holding, Ltd. 5,854 18,149
Hills Industries, Ltd. 1,154 1,825
Iluka Resources, Ltd. 6,108 83,867
Incitec Pivot, Ltd. 8,283 37,027
Independence Group NL 1,343 9,142
Infigen, Ltd. 6,731 2,573
Integra Mining, Ltd. (I) 5,144 2,478
IOOF Holdings, Ltd. 1,604 12,029
Iress Market Technology, Ltd. 2,010 19,413
iSOFT Group Ltd. (I) 15,462 832
Ivanhoe Australia, Ltd. (I) 2,621 9,015
John Fairfax Holdings, Ltd. 23,506 31,347
Kagara Zinc, Ltd. (I) 15,000 9,511
Kingsgate Consolidated, Ltd. 682 6,108
Leighton Holdings, Ltd. 551 16,789
Lend Lease Corp. 4,413 41,346
Linc Energy, Ltd. 6,566 19,790
MacArthur Coal, Ltd. 3,088 37,017
Macmahon Holdings, Ltd. 4,908 2,865
Macquarie Airports, Ltd. 4,411 13,863
Macquarie Group, Ltd. 2,212 83,621
Maryborough Sugar Factory 873 3,260
Mcmillan Shakespeare, Ltd. 251 2,539
Medusa Mining, Ltd. 1,338 9,721
Mermaid Marine Australia, Ltd. 601 1,995
Mesoblast, Ltd. (I) 1,314 9,839
Metcash, Ltd. 7,274 31,290
Monadelphous Group, Ltd. 333 7,364
Mount Gibson Iron, Ltd. (I) 1,612 3,311
Murchison Metals, Ltd. (I) 11,474 11,793
Myer Holdings, Ltd. 1,122 3,724
National Australia Bank, Ltd. 12,191 326,089
Navitas, Ltd. 2,006 8,867
New Hope Corp., Ltd. 1,732 8,917
Newcrest Mining, Ltd. 3,229 133,411
NIB Holdings, Ltd. 7,722 11,313
NRMA Insurance Group, Ltd. 15,517 57,601
NRW Holdings, Ltd. 471 1,403
Nufarm, Ltd. (I) 1,560 8,369
OceanaGold Corp. (I) 3,000 8,293
OneSteel, Ltd. 9,891 24,919
Orica, Ltd. 2,418 65,891
Origin Energy, Ltd. 6,676 111,480
Oxiana, Ltd. 17,837 29,373
Pacific Brands, Ltd. 5,817 5,084
Paladin Resources, Ltd. (I) 5,205 19,451
Pan Australian Resources, Ltd. (I) 5,474 4,434
PaperlinX, Ltd. (I) 2,943 1,080
Peet & Company, Ltd. 3,526 7,043
Perpetual Trust of Australia, Ltd. 65 1,955

 

88

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Pharmaxis, Ltd. (I) 6,309 $ 17,458
Platinum Asset Management, Ltd. 1,354 6,735
Premier Investments, Ltd. 906 5,946
Primary Health Care, Ltd. 3,498 11,927
Prime AET&D Holdings No 1 Pty, Ltd. (I) 2 0
Programmed Maintenance Services, Ltd. 3,918 6,900
Qantas Airways, Ltd. (I) 10,227 23,029
QBE Insurance Group, Ltd. 4,141 75,601
Ramsay Health Care, Ltd. 719 14,217
REA Group, Ltd. 226 3,074
Redflex Holdings, Ltd. 5,097 13,392
Reece Australia, Ltd. 929 21,493
Regis Resources, Ltd. (I) 3,549 8,259
Resolute Mining, Ltd. (I) 6,735 8,731
Rex Minerals, Ltd. (I) 1,663 4,964
Ridley Corp., Ltd. 3,902 4,924
Rio Tinto, Ltd. 2,620 229,270
Riversdale Mining, Ltd. (I) 808 13,787
SAI Global, Ltd. 2,788 14,449
Sally Malay Mining, Ltd. 4,562 10,687
Sandfire Resources Nl (I) 3,022 21,254
Santos, Ltd. 5,769 92,348
Seek, Ltd. 692 4,845
ServCorp, Ltd. 1,946 5,942
Seven Network, Ltd. 755 6,996
Sigma Pharmaceuticals, Ltd. (I) 20,199 10,230
Sims Group, Ltd. 1,467 26,528
SMS Management & Technology, Ltd. 1,494 10,016
Sonic Healthcare, Ltd. 2,607 32,291
Southern Cross Media Group, Ltd. (L) 10,800 18,496
SP Ausnet 18,093 16,454
Spark Infrastructure Group (S) 9,219 10,670
Spotless Group, Ltd. 5,512 11,041
St. Barbara, Ltd. (I) 6,294 14,186
Straits Metals, Ltd. (I) 839 707
STW Communications Group, Ltd. 4,307 5,383
Suncorp-Metway, Ltd. 8,469 74,129
TABCORP Holdings, Ltd. 5,372 41,592
Tattersall’s, Ltd. 10,220 24,709
Telstra Corp., Ltd. 18,597 54,211
Ten Network Holdings, Ltd. 7,565 10,238
The Reject Shop, Ltd. 168 2,107
Thorn Group, Ltd. 5,020 11,365
Toll Holdings, Ltd. 3,609 22,116
Tower Australia Group, Ltd. 3,024 12,367
TPG Telecom, Ltd. 4,552 7,847
Transfield Services, Ltd. 8,075 27,948
Transpacific Industries Group, Ltd. (I) 3,754 4,359
Transurban Group, Ltd. 6,155 34,215
United Group, Ltd. 1,825 29,583
Virgin Blue Holdings, Ltd. (I) 16,061 5,227
Washington H Soul Pattinson    
& Company, Ltd. 1,874 24,537
Wesfarmers, Ltd. 5,734 188,237
West Australian Newspapers Holdings, Ltd. 723 3,968
Western Areas NL 1,453 10,141
Westpac Banking Corp, SADR (L) 1,400 175,140
Westpac Banking Corp. 7,298 183,453
White Energy Company, Ltd. (I) 167 482
White Energy Company, Ltd. (I) 167 0
White Energy Company, Ltd. (I) 547 1,754
Whitehaven Coal, Ltd. 710 4,908
WHK Group, Ltd. 5,300 5,260
Woodside Petroleum, Ltd. 2,755 133,233
Woolworths, Ltd. 3,653 101,515

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
WorleyParsons, Ltd. 760 $ 24,329
Wotif.com Holdings, Ltd. 1,550 8,748
 
    6,223,652
Austria - 0.13%    
Andritz AG 156 14,545
BWIN Interactive Entertainment AG 452 17,735
Erste Group Bank AG 1,943 98,062
Flughafen Wien AG 263 16,709
Intercell AG (I) 488 6,227
Mayr-Melnhof Karton AG 150 17,523
Oesterreichische Elektrizitaets AG, Class A 185 8,215
Oesterreichische Post AG (I) 519 17,761
OMV AG 992 44,814
Raiffeisen International Bank Holding AG 528 29,308
RHI AG (I) 89 3,211
Schoeller-Bleckmann Oilfield Equipment AG 46 4,528
Semperit AG Holding 67 3,902
Strabag SE 782 24,857
Telekom Austria AG 3,134 45,882
Uniqa Versicherungen AG 343 7,772
Voestalpine AG 1,126 52,877
Wiener Staedtische Allgemeine    
Versicherung AG 482 27,531
Wienerberger Baustoffindustrie AG (I) 1,142 23,014
Zumtobel AG 627 21,418
 
    485,891
Bahamas - 0.00%    
Steiner Leisure, Ltd. (I) 200 9,252
Belgium - 0.23%    
Ackermans & Van Haaren NV 310 29,960
Ageas 13,918 39,641
AGFA Gevaert NV (I) 387 2
AGFA Gevaert NV (I) 1,552 6,715
Anheuser-Busch InBev NV 3,415 194,798
Banque Nationale de Belgique 4 19,887
Barco NV (I) 336 25,872
Bekaert SA 642 73,263
Belgacom SA 498 19,306
Colruyt SA 585 30,821
D’ieteren SA 280 19,192
Delhaize Group (L) 700 57,183
Dexia SA (I) 4,872 18,986
Elia System Operator SA/NV 221 9,021
Euronav NV 796 12,313
EVS Broadcast Equipment SA 252 16,040
Galapagos NV (I) 188 3,140
KBC Bancassurance Holding NV 1,556 58,534
Kinepolis Group NV 353 28,270
Mobistar SA 68 4,718
Nyrstar 1,073 15,468
Nyrstar - Strip VVPR (I)(L) 441 0
Omega Pharma SA 224 10,793
Solvay SA 371 43,947
Telenet Group Holding NV (I) 611 28,633
Tessenderlo Chemie (I) 10 6
Tessenderlo Chemie NV 213 7,633
ThromboGenics NV (I) 334 10,224
UCB SA 567 21,547
Umicore 574 28,506
Van De Velde NV (I) 196 11,041
 
    845,460

 

89

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Bermuda - 0.40%    
Allied World Assurance    
Company Holdings, Ltd. 800 $ 50,152
Alterra Capital Holdings, Ltd. 1,500 33,510
American Safety Insurance Holdings, Ltd. (I) 200 4,286
Arch Capital Group, Ltd. (I) 800 79,352
Argo Group International Holdings, Ltd. 500 16,520
Aspen Insurance Holdings, Ltd. 1,200 33,072
Assured Guaranty, Ltd. 2,200 32,780
Axis Capital Holdings, Ltd. 2,000 69,840
Catlin Group, Ltd. 4,951 28,658
CSI Properties, Ltd (I) 270,000 8,384
Dockwise, Ltd. (I) 60 1,632
Endurance Specialty Holdings, Ltd. 800 39,056
Enstar Group, Ltd. (I) 200 19,976
Everest Re Group, Ltd. 800 70,544
Flagstone Reinsurance Holdings SA 1,500 13,515
Frontline, Ltd. 400 9,945
Genpact, Ltd. (I) 3,100 44,888
Global Crossing, Ltd. (I) 800 11,136
Golar LNG, Ltd. 700 17,906
Golden Ocean Group, Ltd. 4,000 5,128
Helen of Troy, Ltd. (I) 500 14,700
Hiscox, Ltd. 4,702 28,462
Katanga Mining, Ltd. (I) 500 892
Lancashire Holdings, Ltd. 97 930
Marvell Technology Group, Ltd. (I) 4,500 69,975
Montpelier Re Holdings, Ltd. 1,100 19,437
Nabors Industries, Ltd. (I) 5,000 151,900
Orient-Express Hotels, Ltd., Class A (I) 1,400 17,318
PartnerRe, Ltd. 1,200 95,088
Platinum Underwriters Holdings, Ltd. 800 30,472
RenaissanceRe Holdings, Ltd. 800 55,192
Seadrill, Ltd. 2,243 81,061
Seawell, Ltd./bermuda (I) 230 1,587
Ship Finance International, Ltd. 900 18,657
Signet Jewelers, Ltd. (I) 1,476 67,926
Textainer Group Holdings, Ltd. 1,000 37,160
Validus Holdings, Ltd. 1,872 62,394
XL Group PLC 4,803 118,154
 
    1,461,585
Brazil - 0.88%    
AES Tiete SA 900 12,541
All America Latina Logistica SA 5,200 42,679
American Banknote SA 200 2,444
Anhanguera Educacional Participacoes SA 800 19,590
B2W Companhia Global Do Varejo 300 4,107
Banco Bradesco SA 4,446 75,922
Banco Bradesco SA, ADR 11,774 244,311
Banco do Brasil SA 1,800 32,579
Banco Santander Brasil SA, ADR 4,600 56,396
BM&F Bovespa SA 9,200 66,775
BR Malls Participacoes SA 3,400 35,403
Brasil Brokers Participacoes Sa 2,200 11,454
Brasil Ecodiesel Industria e Comercio de    
Biocombustiveis e Oleos Vegetais SA (I) 15,200 7,820
Brasil Telecom SA 800 21,608
Braskem SA 800 21,544
BRF - Brasil Foods SA 3,454 65,937
Brookfield Incorporacoes SA 4,400 22,854
Centrais Eletricas Brasileiras SA (I) 1,200 18,132
Centrais Eletricas Brasileiras SA, ADR 1,100 21,274
Cia Brasileira de Distribuicao Grupo Pao de    
Acucar, ADR 800 33,544
Cia de Saneamento de Minas Gerais 800 13,475

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Brazil (continued)    
Cia Energetica de Minas Gerais, ADR 2,410 $ 46,441
Cia Paranaense de Energia, SADR 300 8,337
Companhia de Saneamento Basico de Estado    
de Sao Paulo, ADR 400 23,496
Companhia Siderurgica Nacional SA, SADR 3,550 59,143
Cosan SA Industria e Comercio 1,300 20,225
CPFL Energia SA 600 17,048
Cyrela Brazil Realty SA 2,800 26,548
Diagnosticos da America SA 3,600 46,305
Drogasil Sadrogasil Sa 1,300 10,160
Duratex SA 2,290 24,195
Embraer SA, ADR 1,100 37,070
Equatorial Energia Sa 1,400 10,899
Estacio Participacoes SA 700 11,362
Even Construtora e Incorporadora SA 1,800 9,283
EZ Tec Empreendimentos e Participacoes SA 1,100 9,433
Fertilizantes Heringer SA (I) 1,600 9,800
Fibria Celulose SA, SADR 1,104 18,128
Gafisa SA 3,000 18,963
Gerdau SA, SADR 4,100 51,250
Gol Linhas Aereas Inteligentes SA, ADR 900 12,357
Grendene SA 1,900 11,172
Hypermarcas SA 1,400 18,522
Inpar SA (I) 1,300 2,468
Iochpe-Maxion SA 800 10,623
Itau Unibanco Holding SA 3,615 86,941
Itau Unibanco Holding SA 800 15,724
JBS SA 2,700 9,691
JHSF Participacoes SA 2,000 5,084
LLX Logistica SA (I) 587 1,808
Localiza Rent A Car SA 300 4,814
Lojas Americanas SA 1,300 9,380
Lojas Renner SA 1,500 48,593
Lps Brasil Consultoria De Imoveis Sa 500 11,729
Lupatech SA (I) 100 857
MMX Mineracao e Metalicos SA (I) 465 2,922
MPX Energia SA (I) 600 14,682
MRV Engenharia e Participacoes SA 1,600 12,799
Natura Cosmeticos SA 1,100 30,993
Obrascon Huarte Lain Brasil SA 200 7,583
Odontoprev SA 400 6,537
PDG Realty SA Empreendimentos    
e Participacoes 2,500 14,026
Perdigao SA 984 18,581
Petroleo Brasileiro SA, ADR 7,732 312,605
Petroleo Brasileiro SA, SADR (L) 10,394 369,403
Plascar Participacoes Industriais SA (I) 700 1,102
Porto Seguro SA 1,300 21,977
PortX Operacoes Portuarias SA (I) 587 1,388
Randon Participacoes Sarandon Participacoes    
Sa-pref 1,200 8,195
Rossi Residencial SA 4,800 40,013
Sao Martinho SA 500 7,837
SLC Agricola SA 200 2,810
Souza Cruz SA 2,000 20,825
Sul America SA 2,700 33,737
Tecnisa SA 1,800 13,087
Tele Norte Leste Participacoes SA 400 9,139
Telecomunicacoes de Sao Paulo SA 600 13,689
Telecomunicacoes de Sao Paulo SA, ADR (L) 1,100 27,093
Terna Participacoes SA 800 17,155
Tim Participacoes SA, ADR 700 30,555
Tim Participacoes Satim Participacoes Sa 2,500 12,832
Totvs SA 500 9,601
Ultrapar Participacoes SA 800 13,245

 

90

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Brazil (continued)    
Ultrapar Participacoes SA, ADR 1,200 $ 20,340
Usinas Siderurgicas de Minas Gerais SA 1,400 24,010
Vale SA 10,100 298,152
Vale SA, SADR 7,000 233,450
Vivo Participacoes SA, ADR 900 36,342
Weg SA 2,400 31,605
 
    3,256,548
Canada - 2.37%    
Absolute Software Corp. (I) 200 654
Advantage Oil & Gas, Ltd. (I) 1,400 12,563
Aecon Group, Inc. 1,200 12,266
AGF Management, Ltd. 1,356 27,428
Agnico-Eagle Mines, Ltd. 700 46,534
Agrium, Inc. 1,000 92,347
Alamos Gold, Inc. 1,600 25,316
Alimentation Couche Tard, Inc. 1,000 26,292
Astral Media, Inc. 600 23,938
ATCO, Ltd. 300 18,164
Atlantic Power Corp. 529 8,005
ATS Automation Tooling Systems, Inc. (I) 102 727
Aura Minerals, Inc. (I) 1,715 5,006
Aurizon Mines, Ltd. (I) 1,500 10,552
Bank of Montreal (L) 3,180 206,577
Bank of Nova Scotia 4,584 281,281
Bankers Petroleum, Ltd. (I) 700 6,282
Barrick Gold Corp. 3,800 197,506
Baytex Energy Corp. 338 19,764
BCE, Inc. 1,917 69,641
Bell Aliant, Inc. 272 7,530
Bellatrix Exploration, Ltd. (I) 2,700 15,707
Birchcliff Energy, Ltd. (I) 1,700 21,322
BlackPearl Resources, Inc. (I) 1,800 13,293
BMTC Group, Inc., Class A 200 4,714
Bombardier, Inc. 8,000 58,834
Bombardier, Inc., Class A 2,300 16,891
Boralex, Inc. (I) 200 1,743
Brookfield Asset Management, Inc. 1,300 42,252
Brookfield Properties Corp. 1,100 19,470
CAE, Inc. 2,909 38,647
Calfrac Well Services, Ltd. 600 19,340
Calvalley Petroleums, Inc. (I) 500 1,351
Cameco Corp. 2,200 66,170
Canaccord Capital, Inc. 1,200 17,329
Canada Bread Company, Ltd. 100 4,745
Canadian Imperial Bank of Commerce 1,784 153,834
Canadian National Railway Company 1,700 128,267
Canadian Natural Resources, Ltd. 4,322 213,715
Canadian Pacific Railway, Ltd. 1,100 70,709
Canadian Tire Corp., Ltd. 600 39,825
Canadian Utilities, Ltd. 600 32,769
Canadian Western Bank 445 14,298
Canam Group, Inc. 100 860
Canfor Corp. (I) 2,100 32,058
Cangene Corp. (I) 400 1,081
Canyon Services Group, Inc. 650 8,716
Capstone Mining Corp. (I) 4,700 21,379
Cardiome Pharma Corp. (I) 300 1,275
Cascades, Inc. 500 3,894
CCL Industries, Inc. 500 16,297
Celestica, Inc. (I) 2,600 27,891
Celtic Exploration, Ltd. (I) 600 12,792
Cenovus Energy, Inc. 2,956 116,776
Centerra Gold, Inc. 800 14,358
CGI Group, Inc. (I) 2,300 48,230

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Chinook Energy, Inc. (I) 716 $ 1,514
CI Financial Corp. 800 19,020
Cline Mining Corp. (I) 2,400 8,640
Cogeco Cable, Inc. 400 18,570
Cogeco, Inc. 400 17,118
Colossus Minerals, Inc. (I) 1,100 9,270
Compton Petroleum Corp. (I) 600 207
Connacher Oil and Gas, Ltd. (I) 1,300 1,917
Consolidated Thompson Iron Mines, Ltd. (I) 1,100 19,447
Corridor Resources, Inc. (I) 1,200 6,585
Corus Entertainment, Inc. 1,200 25,572
Cott Corp. (I) 800 6,733
Crescent Point Energy Corp. 500 24,265
Crew Energy, Inc. (I) 300 5,446
Crystallex International Corp. (I) 1,900 294
Daylight Energy, Ltd. 1,870 21,815
Denison Mines Corp. (I) 7,400 17,632
Detour Gold Corp. (I) 400 12,650
Domtar Corp. 600 55,068
Dorel Industries, Inc., Class B 200 6,422
Dragonwave, Inc. (I) 700 5,783
Dundee Capital Markets, Inc. (I) 600 805
Dundee Precious Metals    
Incdundee Precious Metals Inc (I) 1,300 11,679
Eastern Platinum, Ltd. (I) 26,100 34,997
Eldorado Gold Corp. 2,700 44,030
Emera, Inc. 300 9,806
Empire Company, Ltd. 200 11,032
Enbridge, Inc. 1,484 90,953
Encana Corp. 3,756 129,901
Enerplus Corp. 789 24,992
Ensign Energy Services, Inc. 900 16,951
Equinox Minerals, Ltd. (I) 5,981 35,411
European Goldfields, Ltd. (I) 900 11,363
Evertz Technologies, Ltd. 100 1,833
Exfo Electro Optical Engineering, Inc. (I) 55 599
Fairborne Energy, Ltd. (I) 400 2,244
Fairfax Financial Holdings, Ltd.    
(Toronto Exchange) 200 75,606
Finning International, Inc. 1,300 38,403
First Quantum Minerals, Ltd. 1,000 129,366
FirstService Corp. (I) 200 7,571
Flint Energy Services, Ltd. (I) 200 3,482
Fortis, Inc. 900 30,746
Forzani Group, Ltd. 200 3,629
Franco-Nevada Corp. 800 29,368
Galleon Energy, Inc. (I) 300 1,241
Gammon Gold, Inc. (I) 1,200 12,489
Garda World Security Corp. (I) 200 2,061
George Weston, Ltd. 400 27,255
Gildan Activewear, Inc. 1,000 32,821
Glacier Media, Inc. (I) 600 1,516
GMP Capital, Inc. 600 9,760
Goldcorp, Inc. 3,465 172,768
Gran Tierra Energy, Inc. (I) 3,400 27,438
Grande Cache Coal Corp. (I) 400 4,237
Great Canadian Gaming Corp. (I) 400 3,181
Great-West Lifeco, Inc. 1,000 27,746
Groupe Aeroplan, Inc. 2,900 39,275
Guyana Goldfields, Inc. (I) 396 3,848
Harry Winston Diamond Corp. (I) 200 3,222
Home Capital Group, Inc. 400 23,480
HudBay Minerals, Inc. 800 13,029
Husky Energy, Inc. 1,300 39,503
IAMGOLD Corp. 2,200 48,493

 

91

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
IESI-BFC, Ltd. 233 $ 5,911
IGM Financial, Inc. 700 35,603
Imax Corp. (I) 300 9,528
Imperial Oil, Ltd. 900 45,989
Industrial Alliance Insurance and    
Financial Services, Inc. 900 38,785
Inmet Mining Corp. 700 49,206
Intact Financial Corp. 800 41,465
International Forest Products, Ltd. (I) 300 2,163
International Tower Hill Mines, Ltd. (I) 1,100 11,040
Intertape Polymer Group, Inc. (I) 2,100 2,708
Ivanhoe Energy, Inc. (I) 900 2,534
Ivanhoe Mines, Ltd. (I) 3,220 88,313
Kingsway Financial Services, Inc. (I) 1,600 1,485
Kinross Gold Corp. 7,178 113,130
Kirkland Lake Gold, Inc. (I) 1,000 13,956
Lake Shore Gold Corp. (I) 2,500 10,547
Laurentian Bank of Canada 300 15,664
Legacy Oil & Gas, Inc. (I) 800 12,155
Leon’s Furniture, Ltd. 300 4,298
Linamar Corp. 400 8,668
Loblaw Companies, Ltd. 800 32,058
Lundin Mining Corp. (I) 1,400 11,625
MacDonald Dettwiler & Associates, Ltd. 400 22,226
Macquarie Power & Infrastructure Corp. 350 2,866
MAG Silver Corp. (I) 1,100 13,127
Magna International, Inc. 1,700 81,502
Major Drilling Group International 300 5,096
Maple Leaf Foods, Inc. 1,300 16,547
Maxim Power Corp. (I) 100 304
Mercator Minerals, Ltd. (I) 2,600 9,011
Mercer International, Inc. (I) 900 12,195
Methanex Corp. 800 24,871
Metro, Inc. 900 42,888
Migao Corp. (I) 1,300 10,151
Minefinders Corp. (I) 275 3,628
Miranda Technologies, Inc. (I) 300 2,058
Nal Energy Corp. 229 3,125
National Bank of Canada 800 65,015
Neo Material Technologies, Inc. (I) 700 6,736
New Gold, Inc (I) 2,600 30,599
Nexen, Inc. 3,947 98,400
Niko Resources, Ltd. 400 38,370
Norbord, Inc. (I) 60 931
Nordion, Inc. 2,500 29,500
North American Energy Partners, Inc. (I) 700 8,592
North American Palladium, Ltd. (I) 200 1,310
Northern Dynasty Minerals, Ltd. (I) 500 7,525
Northgate Minerals Corp. (I) 1,600 4,357
Novagold Resources, Inc. (I) 900 11,669
NuVista Energy, Ltd. 800 8,252
Oncolytics Biotech, Inc. (I) 900 5,245
Onex Corp. 800 28,047
Open Text Corp. (I) 600 37,281
OPTI Canada, Inc. (I) 1,100 267
Osisko Mining Corp. (I) 2,300 33,118
Pacific Rubiales Energy Corp. 600 16,648
Pan American Silver Corp. 600 22,286
Paramount Resources, Ltd. (I) 200 6,931
Pason Systems, Inc. 1,200 19,495
Pembina Pipeline Corp. 500 11,831
Pengrowth Energy Trust 245 3,389
Penn West Petroleum, Ltd. 2,692 74,748
PetroBakken Energy, Ltd., Class A 921 17,442
Petrobank Energy & Resources, Ltd. (I) 1,000 21,135

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Potash Corp. of Saskatchewan, Inc. 2,700 $ 159,271
Precision Drilling Corp. (I) 2,000 27,107
Progress Energy Resources Corp. 1,300 18,719
Quadra FNX Mining, Ltd. (I) 648 9,030
Quebecor, Inc. 300 10,731
Questerre Energy Corp. (I) 3,200 4,060
Ram Power Corp. (I) 365 497
Reitmans Canada, Ltd., Class A 500 9,005
Research In Motion, Ltd. (I) 1,600 90,488
Richelieu Hardware, Ltd. 700 21,661
Ritchie Bros. Auctioneers, Inc. 700 19,747
Rogers Communications, Inc., Class B (L) 1,900 69,062
RONA, Inc. 1,300 19,041
Royal Bank of Canada 4,977 307,963
Rubicon Minerals Corp. (I) 2,300 11,909
Russel Metals, Inc. 1,100 30,986
Sabina Gold & Silver Corp. (I) 1,600 9,638
Sandvine Corp. (I) 7,000 17,690
Saputo, Inc. 1,100 49,650
Savanna Energy Services Corp. (I) 400 3,755
Sears Canada, Inc. 599 12,375
SEMAFO, Inc. (I) 1,800 17,248
Shaw Communications, Inc., Class B 1,700 35,841
Shawcor, Ltd., Class A 600 22,564
Sherritt International Corp. 3,300 27,094
Shoppers Drug Mart Corp. 1,316 54,106
Shore Gold, Inc. (I) 1,200 965
Silver Standard Resources, Inc. (I) 600 18,808
Silver Wheaton Corp. 2,100 91,235
Silvercorp Metals, Inc. 500 7,277
SNC-Lavalin Group, Inc. 700 39,884
SouthGobi Energy Resources, Ltd. (I) 100 1,474
Sprott Resource Corp. (I) 687 3,805
Sprott Resource Lending Corp. (I) 1,200 2,203
St Andrew Goldfields, Ltd. (I) 4,000 4,373
Stantec, Inc. (I) 200 5,987
Stella-Jones, Inc. 200 8,345
Sun Life Financial, Inc. 4,063 127,694
Suncor Energy, Inc. 10,139 454,712
Superior Plus Corp. 700 8,144
Talisman Energy, Inc. 5,500 135,982
Tanzanian Royalty Exploration Corp. (I) 1,900 12,131
Taseko Mines, Ltd. (I) 900 5,347
Teck Resources, Ltd. 2,700 143,118
Teekay Corp. 600 22,158
TELUS Corp. 973 47,270
Tesco Corp. (I) 200 4,390
The Churchill Corp. (I) 400 8,272
The Descartes Systems Group, Inc. (I) 600 3,948
The Jean Coutu Group (PJC), Inc. 1,500 15,859
The Toronto-Dominion Bank 4,400 389,397
Thompson Creek Metals Company, Inc. (I) 1,300 16,292
Thomson Corp. 2,012 78,965
Tim Hortons, Inc. 1,400 63,495
Timminco, Ltd. (I) 300 142
TMX Group, Inc. 500 20,021
Toromont Industries, Ltd. 500 16,220
Torstar Corp. 400 5,896
Trans-Canada Corp. 3,239 131,331
TransAlta Corp. 1,899 40,037
Transcontinental, Inc. 500 7,726
TransForce, Inc. 1,100 16,168
Transglobe Energy Corp. (I) 600 9,110
Trican Well Service, Ltd. 1,500 33,868
Trilogy Energy Corp. 400 8,408

 

92

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Trinidad Drilling, Ltd. 2,100 $ 20,361
UEX Corp. (I) 800 974
Uni-Select, Inc. 200 5,388
Uranium One, Inc. 7,500 29,397
Valeant Pharmaceuticals International, Inc. 1,500 74,884
Valeant Pharmaceuticals International, Inc.    
(Toronto Exchange) 1,246 62,063
Valener, Inc. 130 2,247
Vector Aerospace Corp. (I) 305 4,036
Vermilion Energy, Inc. 220 11,466
Vero Energy, Inc. (I) 300 1,714
Viterra, Inc. 3,072 37,263
West Fraser Timber Company, Ltd. 300 18,699
Western Financial Group, Inc. 600 2,562
Westport Innovations, Inc. (I) 500 10,959
Wi-LAN, Inc. 1,000 6,148
Yamana Gold, Inc. 5,300 65,491
Yellow Media, Inc. 620 3,524
 
    8,763,719
Cayman Islands - 0.11%    
China Dongxiang Group Company 27,000 8,529
Consolidated Water Company, Ltd. 400 4,360
ENN Energy Holdings, Ltd. 4,000 12,421
Fresh Del Monte Produce, Inc. 1,000 26,110
Garmin, Ltd. (I)(L) 2,500 84,650
Greenlight Capital Re, Ltd., Class A (I) 600 16,926
Herbalife, Ltd. 1,000 81,360
Hopewell Highway Infrastructure, Ltd., GDR 12,600 8,646
Integra Group Holdingsintegra Group Hold-reg    
S Gdr (I) 532 1,835
Longfor Properties 5,053 8,568
Sands China, Ltd. (I) 10,000 22,257
Seagate Technology PLC 6,600 95,040
Siem Offshore, Inc. (I) 1,271 2,865
Wynn Macau, Ltd. 4,400 12,269
 
    385,836
Chile - 0.15%    
Banco de Chile (L) 516 43,442
Banco de Credito e Inversiones 233 14,634
Banco Santander Chile SA, ADR (L) 300 26,025
Besalco SA 5,468 10,578
CAP SA 641 31,134
Centros Comerciales Sudamericanos SA 5,133 36,903
Cia Cervecerias Unidas SA, ADR 500 29,550
Cia General de Electricidad 1,916 10,831
Colbun SA 49,226 14,016
Companhia Sudamericana de Vapores SA 7,688 5,730
CorpBanca SA, SADR 333 7,456
Empresa Electrica Del Norte Grande Sa 4,759 12,145
Empresa Nacional de    
Electricidad SA, ADR (L) 500 27,810
Empresa Nacional de Telecomunicaciones SA 1,081 17,675
Empresas CMPC SA 771 37,766
Empresas Copec SA 2,167 38,109
Empresas Iansa SA (I) 65,744 8,190
Empresas La Polar SA 2,561 13,662
Enersis SA, SADR 1,400 29,148
Inversiones Aguas Metropolitanas SA 2,737 4,166
Lan Airlines SA, SADR (L) 900 23,031
Madeco SA 184,091 10,753
Masisa SA (I) 76,248 11,813
Ripley Corp SA (I) 7,726 10,215
S.A.C.I. Falabella SA 1,614 16,439

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chile (continued)    
Salfacorp Sa 3,023 $ 10,854
Sociedad Quimica y Minera de    
Chile SA, ADR 600 33,156
Sonda SA 5,869 14,493
Vina Concha Y Toro SA, ADR 300 14,094
 
    563,818
China - 0.76%    
361 Degrees International, Ltd. 9,000 5,618
AAC Acoustic Technologies Holdings, Inc. 10,000 27,059
Agile Property Holdings, Ltd. 8,000 12,586
Ajisen China Holdings, Ltd. 8,000 15,440
Aluminum Corp. China, Ltd. (L) 1,300 30,771
Angang Steel Company, Ltd., Class H 10,000 13,622
Anhui Conch Cement Company, Ltd. 8,000 50,326
Anta Sports Products, Ltd. 1,000 1,551
Bank of China, Ltd., Class H 353,100 196,255
Bank of Communications    
Company, Ltd., Class H 34,750 38,217
Beijing Capital International Airport    
Company, Ltd., Class H 26,000 13,626
Beijing Datang Power Generation    
Company, Ltd., Class H 26,000 9,647
Bund Center Investment, Ltd. (I) 9,000 1,566
BYD Company, Ltd., Class H (I) 3,000 11,491
China Automation Group, Ltd. 13,000 10,086
China BlueChemical, Ltd. 18,000 14,739
China Citic Bank Corp, Ltd. 21,000 15,305
China Coal Energy Company, Series H 22,000 29,925
China Communications    
Construction Company, Ltd. 27,787 26,621
China Communications    
Services Corp., Ltd., Class H 28,000 17,075
China Construction Bank Corp. 255,891 239,732
China COSCO Holdings Company, Ltd. (I) 18,500 18,912
China Eastern Airlines Corp., Ltd. (I) 60,000 22,947
China Huiyuan Juice Group, Ltd. (L) 11,000 7,479
China Information Technology, Inc. (I) 800 2,160
China Life Insurance    
Company, Ltd., SADR (L) 2,000 112,100
China Merchants Bank Company, Ltd. 21,628 59,804
China Molybdenum Company, Ltd. 18,000 15,638
China National Building    
Material Company, Ltd. 10,000 36,606
China National Materials Company, Ltd. 11,000 9,880
China Oilfield Services, Ltd. 10,000 22,695
China Pacific Insurance Group Company, Ltd. 2,574 10,783
China Petroleum & Chemical Corp., ADR 800 80,464
China Qinfa Group, Ltd. (I) 2,000 1,147
China Railway Construction Corp. 13,500 14,074
China Railway Group, Ltd. 23,000 14,792
China Rare Earth Holdings, Ltd. (I) 22,000 9,639
China Shanshui Cement Group, Ltd. 20,000 18,650
China Shenhua Energy Company, Ltd. 13,500 63,570
China Shineway Pharmaceutical Group, Ltd. 5,000 12,017
China Shipping Container    
Lines Company, Ltd. (I) 47,000 18,770
China Shipping Development Company, Ltd. 10,000 11,318
China Southern Airlines Company, Ltd. (I) 60,000 26,666
China Telecom Corp., Ltd., ADR 700 42,700
China Yurun Food Group, Ltd. 10,000 33,738
Chongqing Machinery &    
Electric Company, Ltd. 4,000 1,350
Cogo Group, Inc. (I) 600 4,842
Country Garden Holdings Company 32,000 14,059

 

93

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
China (continued)    
Dongfang Electric Corp. Ltd. 4,800 $ 16,431
Dongfeng Motor Group Company, Ltd. 30,000 51,384
Dongyue Group 17,000 13,797
Epure International, Ltd. (I) 17,000 9,728
Evergrande Real Estate Group, Ltd. 25,000 13,726
First Tractor Company 10,000 12,041
Foxconn International Holdings, Ltd. (I) 21,000 12,588
Fufeng Group, Ltd. 10,000 6,831
Great Wall Motor Company, Ltd. 10,000 18,461
Greentown China Holdings, Ltd. 11,500 12,122
Guangdong Investment, Ltd. 34,000 17,153
Guangzhou Automobile Group Company, Ltd. 32,233 39,369
Guangzhou R&F Properties    
Company, Ltd., Class H 10,000 14,902
Hidili Industry International Development, Ltd. 13,000 11,550
Huaneng Power International, Inc. 500 11,745
Hunan Non Ferrous Metal Corp., Ltd. (I) 12,000 4,558
Industrial & Commercial Bank of China, Ltd. 305,730 253,524
International Mining    
Machinery Holdings, Ltd. (I) 7,500 6,583
Jiangsu Expressway, Ltd. 10,000 11,292
Jiangxi Copper Company, Ltd., Class H 9,000 29,967
Kingdee International Software    
Group Company, Ltd. 10,000 6,281
Kingsoft Corp., Ltd. 12,000 7,199
KWG Property Holding, Ltd. 14,500 11,738
Lenovo Group, Ltd. 34,000 19,489
Lingbao Gold Company, Ltd. 4,000 3,293
Maanshan Iron & Steel Company, Ltd. (I) 22,000 11,882
Metallurgical Corp of China Ltd (I) 3,000 1,248
New World Department Store China 8,000 5,589
Pacific Textile Holdings, Ltd. 18,000 10,400
Peak Sport Products Company, Ltd. 8,000 5,484
PetroChina Company, Ltd., Class H 108,000 165,181
PICC Property & Casualty    
Company, Ltd., Class H (I) 22,000 26,729
Ping An Insurance Group Company    
of China, Ltd. 7,500 75,919
Semiconductor    
Manufacturing International Corp. (I) 265,000 20,064
Shanghai Electric Group Company, Ltd. 26,000 13,076
Shenzhou International Group Holdings, Ltd. 6,000 7,073
Shimao Property Holdings, Ltd., GDR 14,500 20,500
Shui On Land, Ltd. 12,847 5,937
Silver Base Group Holdings, Ltd. 3,000 2,302
Sinopec Shanghai    
Petrochemical Company, Ltd. 300 14,286
Sinotrans Shipping, Ltd. 15,500 5,027
Sinotrans, Ltd., Class H 11,000 2,678
Tencent Holdings, Ltd. 3,800 92,330
Tianneng Power International, Ltd. 3,600 1,755
Tingyi (Cayman Islands) Holding Corp. 10,000 24,570
Travelsky Technology, Ltd. 8,000 7,797
Tsingtao Brewery Company, Ltd., Series H 2,000 9,548
Uni-President China Holdings, Ltd. 16,000 8,177
Want Want China Holdings, Ltd. 15,000 11,739
Weiqiao Textile Company 11,000 10,951
Xingda International Holdings, Ltd. 14,000 13,038
Xinjiang Xinxin Mining    
Industry Company, Ltd. 3,000 1,807
XTEP International Holdings 14,500 9,838
Yanzhou Coal Mining Company, Ltd. 1,300 47,151
Yanzhou Coal Mining Company, Ltd., Class H 4,000 14,440
Zhaojin Mining Industry Company., Ltd. (I) 6,000 26,968
Zhejiang Expressway Company, Ltd., Class H 12,000 10,955

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
China (continued)    
Zhuzhou CSR Times Electric Company, Ltd. 4,000 $ 15,248
Zijin Mining Group, Ltd. 26,000 20,731
ZTE Corp., Class H 2,100 9,810
 
    2,814,038
Colombia - 0.02%    
BanColombia SA ADR 200 12,532
Ecopetrol SA 700 29,169
Petrominerales, Ltd. 1,014 38,426
 
    80,127
Cyprus - 0.01%    
Globaltrans Investment PLC, GDR (I) 741 13,627
ProSafe ASA 1,104 8,397
 
    22,024
Czech Republic - 0.02%    
CEZ AS 757 38,680
Komercni Banka AS 109 27,508
Telefonica O2 Czech Republic AS 798 18,669
 
    84,857
Denmark - 0.22%    
A P Moller Maersk A/S, Series A 6 56,436
Bavarian Nordic A/S (I) 225 4,804
Carlsberg A/S 702 75,602
Coloplast A/S 150 21,708
D.S. Norden A/S 64 2,205
Danisco A/S 415 52,386
Danske Bank A/S (I) 2,447 54,189
Danske Bank A/S - New Shares (I) 815 18,202
DFDS A/S 36 3,046
DSV A/S, ADR 687 16,962
East Asiatic Company, Ltd. A/S 298 9,064
Fionia Bank A/S (I) 550 0
FLS Industries A/S 534 45,457
Genmab A/S (I) 380 4,044
GN Store Nord A/S 2,000 18,780
H. Lundbeck A/S 487 11,300
IC Companys A/S 52 2,225
Jyske Bank A/S (I) 712 31,726
NeuroSearch A/S (I) 102 1,106
NKT Holding A/S 119 6,965
Novo Nordisk A/S, SADR 1,600 200,368
Novozymes A/S, B Shares 250 38,200
PER Aarsleff A/S 90 7,606
Ringkjoebing Landbobank A/S 36 4,632
Rockwool International A/S 100 12,339
Royal Unibrew A/S 164 11,304
Satair A/S 30 2,156
Schouw & Company A/S 100 2,783
SimCorp A/S 51 8,175
Sjaelso Gruppen A/S (I) 150 279
Spar Nord Bank A/S (I) 600 5,531
Sydbank A/S 511 12,898
Thrane & Thrane A/S 102 4,865
Topdanmark A/S (I) 135 22,444
Torm A/S (I) 300 1,716
TrygVesta A/S 177 10,409
Vestas Wind Systems A/S (I) 992 43,049
 
    824,961
Egypt - 0.01%    
Orascom Construction Industries 461 19,357
Finland - 0.32%    
Ahlstrom OYJ 715 17,609

 

94

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Finland (continued)    
Alma Media OYJ 1,123 $ 12,963
Amer Sports OYJ 1,470 18,900
Atria PLC 525 6,455
Cargotec Corp. OYJ 270 13,166
Cramo OYJ (L) 941 24,397
Elisa OYJ, Class A 806 17,741
Fiskars Corp. 285 6,863
Fortum OYJ 2,649 90,094
Huhtamaki OYJ 1,487 21,071
Ilkka-Yhtyma OYJ 259 3,233
KCI Konecranes OYJ 207 9,585
Kemira OYJ 1,294 20,915
Kesko OYJ 774 36,232
Kone OYJ 649 37,347
Lassila & Tikanoja OYJ 363 6,532
M-real OYJ (I) 5,400 23,556
Metra OYJ 1,392 54,338
Metso OYJ 2,220 119,359
Neste Oil OYJ 833 17,168
Nokia OYJ 4,628 39,380
Nokia OYJ, SADR (L) 8,000 68,080
Nokian Renkaat OYJ 853 36,328
Olvi OYJ 50 2,620
Oriola-KD OYJ 3,601 17,370
Orion OYJ, Series A 518 12,541
Orion OYJ, Series B 915 22,194
Outokumpu OYJ 1,422 24,612
Outotec OYJ 215 12,934
Pohjola Bank OYJ (L) 2,267 30,910
Poyry OYJ 603 9,191
Ramirent OYJ 637 10,494
Rautaruukki OYJ 824 19,752
Ruukki Group OYJ (I) 3,552 9,106
Sampo OYJ 2,893 92,312
Sanoma OYJ 694 15,721
Stockmann OYJ Abp, Series B 271 8,148
Stora Enso OYJ, Series R 4,914 58,532
Technopolis OYJ 1,351 7,235
Tieto OYJ 537 9,827
Tikkurila OYJ 323 7,350
UPM-Kymmene OYJ 3,521 74,463
Vacon OYJ 243 14,971
Vaisala OYJ 274 8,941
YIT Oyj 616 18,259
 
    1,188,795
France - 1.72%    
Accor SA 679 30,487
Aeroports de Paris 235 21,648
Air France KLM (I) 1,136 18,899
Air Liquide SA 1,138 151,422
Alcatel-Lucent (I) 10,870 62,711
Alcatel-Lucent, SADR (I) 1,300 7,553
Alstom SA 940 55,600
Altamir Amboise (I) 346 3,973
Alten SA 466 17,572
April Group SA 269 7,438
Arkema 378 34,314
Atos Origin SA (I) 196 11,505
AXA SA 10,603 221,684
BioMerieux SA 61 6,398
BNP Paribas 5,011 366,690
Bonduelle SCA 60 5,645
Bongrain SA (I) 43 3,994
Bourbon SA 181 8,557

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
Bouygues SA 1,406 $ 67,511
Bureau Veritas SA 318 25,003
Cap Gemini SA 1,092 63,485
Carrefour SA 2,447 108,461
Casino Guichard Perrachon SA 470 44,480
Christian Dior SA 341 48,011
Cie de Saint-Gobain 2,765 169,293
Cie Generale de Geophysique-Veritas (I) 928 33,543
Club Mediterranee SA (I) 311 6,695
CNP Assurances SA 912 19,366
Compagnie Generale de    
Geophysique-Veritas (I) 800 28,952
Compagnie Generale des Etablissements    
Michelin, Class B 1,005 84,926
Compagnie Plastic Omnium SA 375 30,583
Credit Agricole SA 4,460 73,236
Danone SA (I) 2,419 158,008
Dassault Systemes SA 135 10,386
Dassault Systemes SA, ADR 178 13,749
Delachaux SA 38 3,885
Edenred (I) 928 27,991
EDF Energies Nouvelles, SA 202 10,646
EDF SA 876 36,308
Eiffage SA 234 14,074
Essilor International SA 954 70,890
Esso SAF 21 2,975
Etablissements Maurel et Prom SA 1,051 20,255
Etam Developpement SA (I) 178 8,431
Euler Hermes SA (I) 217 20,670
Euro Disney SCA (I) 1,146 12,305
European Aeronautic Defence &    
Space Company (I) 2,586 75,370
Eutelsat Communications 618 24,681
Faiveley Transport 97 9,598
Faurecia (I) 464 16,948
Financiere Marc de Lacharriere SA 165 6,660
France Telecom SA 5,839 130,980
France Telecom SA, SADR 2,800 63,028
GDF Suez 6,581 268,520
Gemalto NV 759 37,340
GFI Informatique SA (I) 1,624 8,567
GL Events SA 168 5,765
Groupe Eurotunnel SA 2,308 24,557
Groupe Steria SA 723 23,263
Guyenne & Gascogne SA 102 13,235
Havas SA 9,811 52,656
Hermes International SA 266 58,413
Iliad SA 179 21,462
Imerys SA 456 33,479
IMS International Metal Service (I) 172 3,662
Ingenico SA 483 21,616
Ipsen SA 190 6,822
Ipsos SA 285 13,955
JC Decaux SA (I) 642 21,585
Korian 384 9,006
L’Oreal SA 1,025 119,382
Lafarge SA 1,486 92,676
Lagardere S.C.A (I) 829 35,445
Laurent-Perrier SA 19 2,127
Legrand SA, ADR 757 31,481
LVMH Moet Hennessy Louis Vuitton SA 987 156,210
M6-Metropole Television 679 17,741
Meetic 378 8,280
Mersen 322 17,886
Natixis (I) 8,403 47,604

 

95

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
Neopost SA 286 $ 25,045
Nexans SA 342 32,723
Nexity SA 201 9,968
NRJ Group 256 2,718
Orpea SA 163 7,965
PagesJaunes Groupe SA 975 9,778
Penauille Polyservices SA (I) 416 3,572
Pernod-Ricard SA 1,312 122,690
Peugeot SA (I) 1,042 41,241
Pierre & Vacances SA 194 17,043
PPR 493 75,557
Publicis Groupe SA 872 48,888
Rallye SA 357 16,152
Remy Cointreau SA 112 8,431
Renault SA (I) 1,576 87,128
Rexel SA (I) 817 20,620
Rhodia SA (I) 963 28,178
Rubis SA 143 17,088
Sa des Ciments Vicat (I) 137 11,650
Safran SA 1,294 45,808
Saft Groupe SA 395 16,790
Sanofi-Aventis SA 909 63,841
Sanofi-Aventis SA, ADR 8,840 311,345
Schneider Electric SA 1,305 223,056
SCOR SE 1,334 36,319
SEB SA 170 16,739
Seche Environnement 29 2,777
Sechilienne-Sidec SA 300 8,416
Sequana Capital 355 6,240
Societe BIC SA 221 19,637
Societe Generale 3,316 215,615
Societe Television Francaise 400 7,344
Sodexho Alliance 416 30,362
SOITEC (I) 1,651 25,071
Somfy SA 66 18,230
SR Teleperformance SA 626 23,597
STMicroelectronics NV 5,121 63,468
Suez Environnement SA 1,413 29,232
Technip SA 901 96,243
Thales SA 491 19,607
Theolia SA (I) 446 847
Total SA 3,611 219,825
Trigano SA 184 6,247
UBISOFT Entertainment SA (I) 662 6,772
Valeo SA (I) 771 44,939
Vallourec SA 690 77,451
Veolia Environnement SA 752 23,384
Veolia Environnement SA, ADR 900 28,053
Vilmorin & Compagnie SA 121 14,499
Vinci SA 1,541 96,273
Virbac SA 64 10,665
Vivendi SA 7,483 213,580
Zodiac SA 501 36,479
 
    6,375,394
Germany - 1.56%    
Aareal Bank AG (I) 1,065 34,156
Adidas AG 1,204 76,040
Adva AG Optical Networking (I) 1,343 11,264
Aixtron AG (L) 2,020 88,341
Allianz SE 2,309 323,973
Arques Industries Ag (I) 1,047 6,315
Asian Bamboo AG (L) 217 10,673
Axel Springer AG 80 12,943
BASF SE (I) 3,942 341,781

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
Bauer AG 199 $ 10,041
Bayer AG 3,714 287,596
Bayerische Motoren Werke (BMW) AG 1,622 135,410
BayWa AG 220 9,965
Beiersdorf AG 429 26,187
Bilfinger Berger AG (I) 616 53,471
Biotest AG 188 13,077
Carl Zeiss Meditec AG 602 12,709
Celesio AG 622 15,293
Comdirect Bank AG 358 4,049
Commerzbank AG (I)(L) 5,493 42,808
Continental AG (I) 267 24,123
Daimler AG (L) 4,529 319,607
Delticom AG 67 6,069
Demag Cranes AG 396 20,169
Deutsche Bank AG (L) 5,850 345,560
Deutsche Boerse AG 914 69,354
Deutsche Lufthansa AG 1,375 29,151
Deutsche Post AG (I) 4,806 86,741
Deutsche Telekom AG (I) 16,349 252,617
Deutz AG (I) 380 3,198
Douglas Holding AG 377 20,590
Drillisch AG 1,233 12,723
Duerr AG (I) 342 11,356
DVB Bank AG 130 4,624
E.ON AG 8,457 258,402
ElringKlinger AG 874 27,550
Evotec AG (I) 5,636 23,755
Fielmann AG 101 9,543
Fraport AG, ADR 382 28,004
Freenet AG 684 7,836
Fresenius AG 790 73,095
Fresenius Medical Care AG &    
Company KGaA (L) 1,000 67,520
GEA Group AG 1,483 48,831
Gerresheimer AG 197 9,016
Gerry Weber International AG 59 3,434
GFK AG 202 11,170
Gildemeister AG 331 7,500
Grenkeleasing AG 302 18,081
Hamburger Hafen und Logistik AG 130 6,048
Hannover Rueckversicherung AG 384 20,960
HeidelbergCement AG 1,012 70,689
Heidelberger Druckmaschinen AG (I) 2,635 12,456
Henkel AG & Company, KGaA 916 47,869
Hochtief AG 395 42,525
Indus Holding AG 334 9,946
Infineon Technologies AG 11,647 119,391
Infineon Technologies AG, ADR 1,444 14,888
IVG Immobilien AG (I) 981 8,136
Jenoptik AG (I) 706 5,642
K&S AG 906 68,394
Kloeckner & Company SE (I) 495 16,545
Kontron AG 927 11,495
Krones AG (I) 110 7,971
KWS Saat AG 30 6,335
Lanxess AG 377 28,201
Leoni AG (I) 304 12,990
Linde AG (I) 1,016 160,473
MAN AG (I) 685 85,392
Medion AG 481 6,822
Merck KGAA 443 39,973
Metro AG (I) 597 40,816
MLP AG 663 6,135
Morphosys AG (I) 113 3,003

 

96

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
MTU Aero Engines Holding AG 328 $ 22,223
Muenchener Rueckversicherungs - Gesellschaft    
AG (MunichRe) 987 155,208
MVV Energie AG 213 8,260
Norddeutsche Affinerie AG 508 27,130
Nordex AG (I) 111 1,220
Pfeiffer Vacuum Technology AG 139 19,494
Pfleiderer AG (I) 325 742
Phoenix Solar AG 271 9,210
Praktiker Bau- und Heimwerkermaerkte AG 439 5,181
Premiere AG (I) 4,951 20,373
Puma AG 48 14,099
Q-Cells AG (I) 211 911
Qiagen AG (I) 1,865 37,241
QSC AG (I) 2,321 8,747
Rheinmetall AG 265 21,969
Rhoen-Klinikum AG 1,133 24,576
Roth & Rau AG (I) 271 6,059
RWE AG 1,689 107,978
Salzgitter AG 344 27,166
SAP AG 474 29,081
SAP AG, SADR 2,700 165,672
SGL Carbon AG (I) 292 14,268
Siemens AG 3,200 439,488
Sixt AG 395 20,157
SMA Solar Technology AG 59 7,406
Software AG 261 43,234
Solar Millennium AG (I) 105 2,723
Solarworld AG (L) 724 11,805
Solon SE (I) 266 1,683
Stada Arzneimittel AG 532 20,618
Suedzucker AG 616 17,171
Symrise AG 1,131 33,170
Tag Immobilien AG (I) 577 5,625
ThyssenKrupp AG 2,089 85,636
Tognum AG 1,002 36,086
TUI AG (I) 2,754 32,929
United Internet AG 711 12,778
Volkswagen AG 295 45,248
Vossloh AG 56 7,509
Wacker Chemie AG 99 22,267
Wacker Construction Equipment AG (I) 190 2,997
Wincor Nixdorf AG 298 24,114
Wire Card AG 551 9,882
 
    5,778,140
Gibraltar - 0.00%    
PartyGaming PLC (I) 2,309 7,402
Greece - 0.10%    
Agricultural Bank of Greece SA (I) 2,722 2,735
Alapis Holding Industrial & Commercial SA 1,171 414
Alpha Bank A.E. (I) 4,746 30,670
Bank of Cyprus PCL 3,424 12,440
Bank of Greece SA (I) 162 8,180
Coca Cola Hellenic Bottling Company SA 1,000 27,130
Diagnostic & Therapeutic Center of    
Athens Hygeia SA (I) 2,326 1,909
EFG Eurobank Ergasias SA (I) 3,504 21,817
Excel Maritime Carriers, Ltd. (I)(L) 700 3,003
Fourlis SA 160 1,360
GEK Group of Companies SA 925 3,695
Geniki Bank SA (I) 568 1,199
Greek Postal Savings Bank SA (I) 615 2,933
Hellenic Petroleum SA 1,357 14,153
Hellenic Technodomiki Tev SA 2,313 10,151

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Greece (continued)    
Hellenic Telecommunications Organization SA 1,308 $ 14,597
Intralot SA-integrated Lottery Systems    
& Services 1,792 6,221
Jumbo SA 213 1,647
Marfin Investment Group SA (I) 7,394 8,165
Metka SA 436 5,927
Michaniki SA 2,623 1,304
Motor Oil Hellas Corinth Refineries SA 798 10,354
Mytilineos Holdings SA (I) 1,928 14,876
National Bank of Greece SA (I) 6,037 53,663
OPAP SA 1,350 28,877
Piraeus Bank SA (I) 19,556 38,769
Proton Bank SA (I) 1,023 1,057
Public Power Corp. SA 1,004 17,481
Terna Energy SA 278 1,348
Titan Cement Company SA 454 11,320
Viohalco SA (I) 1,796 10,418
 
    367,813
Guernsey, C.I. - 0.02%    
Amdocs, Ltd. (I) 2,900 83,665
Hong Kong - 1.02%    
Alibaba.com, Ltd. 5,500 9,421
Allied Group, Ltd. 2,000 6,991
Allied Properties HK, Ltd. 20,000 4,121
AMVIG Holdings, Ltd. 4,000 3,082
Apac Resources, Ltd. (I) 100,000 5,988
Asia Financial Holdings, Ltd. 22,000 9,913
Asia Satellite Telecom    
Holdings Company, Ltd. 7,000 13,071
Asia Standard International Groupasia    
Standard Intl.group 20,000 4,930
ASM Pacific Technology, Ltd. 1,800 22,600
Associated International Hotels, Ltd. (I) 2,000 4,350
Bank of East Asia, Ltd. 10,893 46,377
Beijing Enterprises Holdings, Ltd. 4,000 22,917
Belle International Holdings, Ltd. 23,000 42,401
BOC Hong Kong Holdings, Ltd. 18,000 58,617
Brilliance China Automotive Holdings, Ltd. (I) 68,000 68,093
C C Land Holdings, Ltd. 7,000 2,388
Cafe de Coral Holdings, Ltd. 2,000 4,704
Cathay Pacific Airways, Ltd. 8,000 19,117
Chaoda Modern Agriculture Holdings, Ltd. 28,480 17,766
Chaoyue Group, Ltd. (I) 45,000 2,254
Cheung Kong Holdings, Ltd. 9,000 146,588
Cheung Kong Infrastructure Holdings, Ltd. 4,000 18,937
China Aerospace International Holdings, Ltd. 76,000 9,075
China Agri-Industries Holdings, Ltd. 8,000 8,994
China Energy Development Holdings, Ltd. (I) 160,000 5,900
China Everbright International, Ltd. 16,000 7,778
China Everbright, Ltd. 4,000 8,953
China Gas Holdings, Ltd. 16,000 7,890
China Grand Forestry    
Resources Group, Ltd. (I) 26,000 731
China Green Holdings, Ltd. 3,000 2,308
China High Speed Transmission Equipment    
Group Company, Ltd. 5,000 8,021
China Lumena New Materials Corpchina    
Lumena New Materials 26,000 9,401
China Mengniu Dairy Company, Ltd. 4,000 10,604
China Merchants Holdings    
International Company, Ltd. 6,458 27,244
China Mobile, Ltd. 1,500 13,857
China Mobile, Ltd., SADR 5,100 235,824
China Oil and Gas Group, Ltd. (I) 20,000 1,873

 

97

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
China Overseas Land & Investment, Ltd. 24,960 $ 51,242
China Pharmaceutical Group, Ltd. 14,000 8,281
China Power New Energy    
Development Company, Ltd. (I) 100,000 8,512
China Precious Metal Resources    
Holdings Company, Ltd. (I) 50,000 10,917
China Resource Power Holdings, Ltd. 14,000 27,043
China Resources Enterprises, Ltd. 8,000 32,723
China Resources Gas Group, Ltd. 6,000 8,201
China Resources Land, Ltd. 18,000 33,681
China Sci-Tech Holdings, Ltd. (I) 240,000 6,876
China State Construction    
International Holdings, Ltd. 18,000 16,384
China Taiping Insurance    
Holdings Company, Ltd. (I) 7,000 20,639
China Travel International Investment    
Hong Kong, Ltd. (I) 22,000 4,600
China Unicom Hong Kong, Ltd. (I) 3,803 63,130
China WindPower Group, Ltd. (I) 80,000 8,559
Chong Hing Bank, Ltd. 4,000 10,280
Citic 1616 Holdings, Ltd. 27,000 8,672
Citic 21CN Company, Ltd. (I) 36,000 5,169
Citic Pacific, Ltd. 6,000 16,626
CITIC Resources Holdings, Ltd. (I) 11,500 2,501
CLP Holdings, Ltd. 9,000 73,012
CNNC International, Ltd. (I) 10,000 7,211
CNOOC, Ltd. 600 151,824
Coastal Greenland, Ltd. (I) 4,000 255
COFCO International, Ltd. 6,000 3,662
Cosco International Holdings, Ltd. 22,427 14,359
COSCO Pacific, Ltd. 6,000 11,342
Cosway Corp. Ltd. 5,000 553
Dah Chong Hong Holdings, Ltd. 8,000 8,985
Dah Sing Banking Group, Ltd. 4,840 7,535
Dah Sing Financial Group 900 5,561
Daphne International Holdings, Ltd. 10,000 7,569
Dickson Concepts International, Ltd. 7,500 5,591
Digital China Holdings, Ltd. 6,000 11,444
Enm Holdings, Ltd. (I) 96,000 8,567
Esprit Holdings, Ltd. 5,813 26,570
eSun Holdings, Ltd. (I) 46,000 10,231
Eva Precision Industrial Holdings, Ltd. 12,000 8,784
Far East Consortium International, Ltd. 36,000 8,645
First Pacific Company 24,000 21,479
First Sign International Holdings, Ltd. (I) 17,000 7,241
Fosun International 22,500 17,251
Franshion Properties China, Ltd. 40,000 11,480
Fushan International Energy Group, Ltd. 16,000 11,465
G-Resources Group, Ltd. (I) 84,000 6,182
Galaxy Entertainment Group, Ltd. (I) 6,000 8,709
GCL Poly Energy Holdings, Ltd. (I) 47,596 29,376
Geely Automobile Holdings Company, Ltd. 15,000 5,563
Get Nice Holdings, Ltd. 30,000 2,009
Giordano International, Ltd. 8,000 4,838
Global Bio-Chem Technology    
Group Company, Ltd. (I) 14,000 2,278
Glorious Sun Enterprises, Ltd. 30,000 11,982
GOME Electrical    
Appliances Holdings, Ltd. (I) 57,000 19,966
Great Eagle Holdings, Ltd. 4,108 13,772
GZI Transportation, Ltd. 5,640 3,194
Haier Electronics Group Company, Ltd. (I) 16,000 18,032
Hang Lung Group, Ltd. 6,000 37,488
Hang Lung Properties, Ltd. 15,000 65,572
Hang Seng Bank, Ltd. 3,000 48,442

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Harbin Power Equipment Company, Ltd. 6,000 $ 6,223
Henderson Land Development Company, Ltd. 7,036 48,741
Heng Tai Consumables Group, Ltd. 5,000 604
Hengan International Group Company, Ltd. 4,000 29,637
Hi Sun Technology China, Ltd. (I) 15,000 5,255
HKC Holdings, Ltd. (I) 27,770 1,463
HKR International, Ltd. 16,800 9,527
Hong Kong & China Gas Company, Ltd. 21,940 52,571
Hong Kong Aircraft    
Engineering Company, Ltd. 800 10,305
Hong Kong Electric Holdings, Ltd. 5,500 36,651
Hong Kong Energy Holdings, Ltd. (I) 327 32
Hong Kong Exchanges & Clearing, Ltd. 4,300 93,220
Hopewell Holdings, Ltd. 6,000 17,933
Hopson Development Holdings, Ltd. (I) 6,000 6,793
Hutchison Telecommunications Hong    
Kong Holdings, Ltd. 27,000 8,667
Hutchison Whampoa, Ltd. 11,000 129,986
Hysan Development Company, Ltd. 3,000 12,361
Inspur International, Ltd. 45,000 2,803
Interchina Holdings Co. (I) 15,000 3,067
International Luk Fook Holdings, Ltd. 4,000 11,931
Ione Holdings, Ltd. 160,000 2,989
Johnson Electric Holdings, Ltd. 11,000 6,521
Ju Teng International Holdings, Ltd. 10,000 3,103
Kerry Properties, Ltd. 4,000 20,115
King Stone Energy Group, Ltd. (I) 360,000 8,175
Kingboard Chemical Holdings, Ltd. 4,500 23,645
Kingboard Laminates Holdings, Ltd. 16,000 13,361
Kowloon Development Company, Ltd. 7,000 9,383
Kunlun Energy Company, Ltd. (I) 16,000 25,467
Lee & Man Holding, Ltd. 8,000 9,241
Lee & Man Paper Manufacturing, Ltd. 33,600 23,076
Li & Fung, Ltd. 8,000 41,108
Li Ning Company, Ltd. 5,000 8,442
Lifestyle International Holdings, Ltd. 4,500 10,806
Lijun International    
Pharmaceutical Holding, Ltd. 40,000 11,193
Lonking Holdings, Ltd. 24,000 16,966
Melco International Development 16,000 10,907
Midland Holdings, Ltd. 10,000 7,812
Ming Fung Jewellery Group, Ltd. (I) 110,000 11,154
Mingfa Group International Co Ltdmingfa    
Group International 30,000 9,394
Mingyuan Medicare    
Development Company, Ltd. 40,000 3,957
Minth Group, Ltd. 6,000 10,024
Miramar Hotel & Investment Company, Ltd. 8,000 9,776
Mongolia Energy Company, Ltd. (I) 21,000 4,220
MTR Corp., Ltd. 10,159 37,438
Neo-Neon Holdings, Ltd. 10,000 3,846
New World China Land, Ltd. 33,000 12,450
New World Development Company, Ltd. 18,036 31,848
Nine Dragons Paper Holdings, Ltd. 16,000 19,160
NWS Holdings, Ltd. 9,672 14,769
Orient Overseas International, Ltd. 1,500 15,698
Pacific Andes International Holdings, Ltd. 36,000 5,823
Pacific Basin Shipping, Ltd. 14,000 8,859
Parkson Retail Group, Ltd. 15,000 20,592
PCCW, Ltd. 34,000 14,133
Petroasian Energy Holdings, Ltd. (I) 44,000 2,203
Poly Hong Kong Investment, Ltd. 11,000 10,383
Ports Design, Ltd. 2,500 5,774
SA SA International Holdings, Ltd. 24,000 12,234
Shanghai Industrial Holdings, Ltd. 4,000 15,347

 

98

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Shangri-La Asia, Ltd. 10,833 $ 27,624
Shenzhen International Holdings, Ltd. 45,000 3,874
Shenzhen Investment, Ltd. 44,000 14,643
Shougang Concord International    
Enterprises Company, Ltd. (I) 12,000 1,632
Shun Tak Holdings, Ltd. 12,000 6,596
Singamas Container Holdings, Ltd. (I) 32,000 13,345
Sino Biopharmaceutical, Ltd. 96,000 35,740
Sino Land Company, Ltd. 24,068 42,957
Sino Oil And Gas Holdings Ltdsino Oil And    
Gas Holdings Lt (I) 100,000 4,104
Sino Prosper State Gold    
Resources Holdings Ltd. (I) 190,000 10,701
Sino Union Petroleum &    
Chemical International, Ltd. (I) 19,205 1,633
Sino-Forest Corp. (I) 1,700 44,363
Sino-Ocean Land Holdings, Ltd. 31,596 19,677
Sinofert Holdings, Ltd. (I) 34,000 14,730
Sinolink Worldwide Holdings, Ltd. 58,000 6,962
Sinotruk Hong Kong, Ltd. 3,000 2,562
SJM Holdings, Ltd. 15,000 26,398
Skyworth Digital Holdings, Ltd. 6,000 3,393
Soho China, Ltd. 15,000 12,876
Star Cruises, Ltd. (I) 54,000 22,134
Stella International Holdings, Ltd. 4,000 8,930
Sun Hung Kai Properties, Ltd. 8,000 126,454
Superb Summit International    
Timber Company, Ltd. (I) 89,000 3,835
TAI Cheung Holdings, Ltd. 14,000 10,423
TCC International Holdings, Ltd. 10,000 5,007
TCL Communication    
Technology Holdings, Ltd. 10,000 9,601
TCL Multimedia Technology Holdings, Ltd. 12,000 3,512
Techtronic Industries Company, Ltd. 11,000 15,237
Television Broadcasting Company, Ltd. 3,000 17,625
Texhong Textile Group, Ltd. 12,000 11,017
Texwinca Holdings, Ltd. 12,000 12,716
The Hongkong & Shanghai Hotels, Ltd. 8,182 15,041
Tian An China Investment, Ltd. 12,000 7,469
Transport International Holdings, Ltd. 2,800 8,648
United Laboratories, Ltd. 6,000 10,780
Value Partners Group, Ltd. 11,000 10,406
Vitasoy International Holdings, Ltd. 12,000 9,866
Vodone Ltdvodone Ltd. 28,000 9,016
VTech Holdings, Ltd. 2,000 22,659
Wharf Holdings, Ltd. 9,000 62,302
Wheelock and Company, Ltd. 8,000 30,058
Wing Hang Bank, Ltd. 1,500 17,765
Wing On Company International, Ltd. 4,000 8,399
Xinyi Glass Holdings Company, Ltd. 14,000 14,549
Yingde Gases Group Co. (I) 9,000 7,533
Yue Yuen Industrial Holdings, Ltd. 7,000 22,193
Yuexiu Property Company, Ltd. (I) 62,949 13,980
 
    3,785,261
Hungary - 0.06%    
Egis Gyogyszergyar 93 9,879
Magyar Telekom Telecommunications PLC 1,300 20,319
MOL Magyar Olaj & Gazipari (I) 561 71,627
OTP Bank PLC (I) 2,723 80,625
Richter Gedeon 147 30,537
 
    212,987
India - 0.67%    
ABB, Ltd. 467 8,206

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
India (continued)    
ACC, Ltd. 460 $ 11,123
Adani Enterprises, Ltd. 790 11,787
Adani Power, Ltd. (I) 2,080 5,272
Aditya Birla Nuvo, Ltd. 491 9,025
Allahabad Bank 1,093 5,668
Alok Industries, Ltd. 13,895 6,901
Ambuja Cements, Ltd. 4,724 15,492
Amtek Auto, Ltd. 2,715 9,057
Apollo Hospitals Enterprise, Ltd. 1,126 11,973
Ashok Leyland, Ltd. 1,656 2,117
Asian Paints, Ltd. 192 10,925
Axis Bank, Ltd. 1,254 39,514
Bajaj Auto, Ltd. 482 15,794
Bajaj Holdings and Investment, Ltd. 665 11,795
Balrampur Chini Mills, Ltd. (I) 5,350 8,403
Bank of India 845 8,976
BEML, Ltd. 572 8,861
BGR Energy Systems, Ltd. 542 5,800
Bharat Electronics, Ltd. 204 7,758
Bharat Heavy Electricals, Ltd. 439 20,249
Bharat Petroleum Corp., Ltd. 635 8,671
Bharti Telecom, Ltd. (I) 6,017 48,226
Bhushan Steel, Ltd. 1,150 11,248
Biocon, Ltd. 1,434 11,048
Bombay Rayon Fashions, Ltd. 411 2,373
Bosch, Ltd. 79 11,831
Britannia Industries, Ltd. 975 8,133
Cadila Healthcare, Ltd. 793 14,063
Cairn India, Ltd. (I) 1,480 11,602
Canara Bank 847 11,885
Cesc, Ltd. 886 6,208
Chennai Petroleum Corp.    
Ltdchennai Petroleum Corp. Ltd. 742 3,718
Cipla, Ltd. 3,066 22,296
Colgate-Palmolive India, Ltd. 468 8,579
Container Corporation of India, Ltd. 286 7,662
Coromandel Fertilisers, Ltd. (I) 62 396
Crisil, Ltd. 19 2,728
Crompton Greaves, Ltd. 1,545 9,512
Cummins India, Ltd. 861 13,622
Dabur India, Ltd. 4,276 9,235
Dewan Housing Finance Corp. Ltd. 1,398 8,352
Dish Tv India Ltddish Tv India Ltd. (I) 3,527 5,278
Divi’s Laboratories, Ltd. 640 9,665
DLF, Ltd. 2,243 13,647
Dr. Reddy’s Laboratories, Ltd., ADR 900 33,570
Educomp Solutions, Ltd. 690 6,504
EID Parry India, Ltd. 2,000 9,715
Essar Oil Ltd (I) 3,444 9,630
Essar Shipping Ports & Logistics, Ltd. (I) 4,543 9,608
Exide Industries, Ltd. 3,342 10,731
Federal Bank, Ltd. 3,403 31,977
Financial Technologies India, Ltd. 236 4,649
GAIL India, Ltd. 2,673 27,509
Gammon India, Ltd. 1,883 4,937
Geodesic, Ltd. 2,978 5,177
Gillette India, Ltd. 248 9,886
GlaxoSmithKline Pharmaceuticals, Ltd. 235 10,622
Glenmark Pharmaceuticals, Ltd. 334 2,114
Godrej Consumer Products, Ltd. 1,452 11,898
Grasim Industries, Ltd. 106 6,130
Great Eastern Shipping Company, Ltd. 515 3,034
GTL, Ltd. 434 4,029
Gujarat State Petronet, Ltd. 3,893 8,642
Gvk Power & Infrastructure, Ltd. (I) 6,734 3,928

 

99

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
India (continued)    
HCL Infosystems, Ltd. 2,958 $ 6,804
HCL Technologies, Ltd. 1,025 11,053
HDFC Bank, Ltd. 466 24,527
HDFC Bank, Ltd., ADR 300 50,982
Hero Honda Motors, Ltd. 572 20,520
Hexaware Technologies, Ltd. 7,460 10,973
Hindalco Industries, Ltd. 7,917 37,119
Hindustan Construction Company, Ltd. 4,756 3,871
Hindustan Petroleum Corp. Ltd. 939 7,478
Hindustan Unilever, Ltd. 1,743 11,125
Housing Development    
& Infrastructure, Ltd. (I) 1,200 4,821
ICICI Bank, Ltd., SADR 2,200 109,626
Idea Cellular, Ltd. (I) 7,689 11,702
India Cements, Ltd. 2,973 6,392
Indiabulls Real Estate, Ltd. (I) 4,034 11,392
Indian Bank 736 3,841
Indian Hotels Company, Ltd. 1,727 3,286
Indian Oil Corp. Ltd. 2,260 16,798
IndusInd Bank, Ltd. 2,263 13,372
Industrial Development Bank of India, Ltd. 2,292 7,312
Infosys Technologies, Ltd. 338 24,527
Infosys Technologies, Ltd., ADR 1,300 93,210
Infrastructure Development    
Finance Company, Ltd. 5,962 20,628
IRB Infrastructure Developers, Ltd. 1,495 7,125
ITC, Ltd. 9,946 40,712
IVRCL Infrastructures & Projects, Ltd. 6,650 12,199
Jagran Prakashan, Ltd. 329 937
Jain Irrigation Systems, Ltd. 1,975 7,908
Jaiprakash Associates, Ltd. 3,873 8,098
Jaiprakash Power Ventures, Ltd. (I) 5,500 5,220
Jindal Steel & Power, Ltd. 2,802 43,591
JSW Steel, Ltd. 366 7,533
Jubilant Life Sciences, Ltd. 59 225
Jubilant Organosys, Ltd. 1,184 4,640
Karnataka Bank, Ltd. 259 626
Kotak Mahindra Bank, Ltd. 1,518 15,586
Lanco Infratech, Ltd. (I) 6,722 5,993
Larsen & Toubro, Ltd. 832 30,905
LIC Housing Finance, Ltd. 5,385 27,149
Lupin, Ltd. 519 4,871
Mahanagar Telephone Nigam, Ltd. (I) 5,982 6,206
Mahindra & Mahindra Financial Services, Ltd. 237 4,115
Mahindra & Mahindra, Ltd. 2,490 39,015
Maruti Suzuki India, Ltd. 284 8,070
MAX India, Ltd. (I) 1,717 6,133
Moser Baer India, Ltd. 3,670 3,402
Motherson Sumi Systems, Ltd. 2,741 13,175
Mphasis, Ltd. 1,558 14,513
Mundra Port and Special Economic Zone, Ltd. 4,100 12,546
Nagarjuna Construction Company, Ltd. 1,391 3,150
National Aluminium Company, Ltd. 4,484 9,639
National Hydroelectric Power Corp. Ltd. 9,831 5,601
NTPC, Ltd. 3,414 14,726
Oil & Natural Gas Corp., Ltd. 4,884 31,686
Oil India, Ltd. 111 3,319
Oracle Financial Services Software, Ltd. (I) 194 8,686
Oriental Bank of Commerce 416 3,641
Patni Computer Systems, Ltd., ADR 300 6,252
Petronet LNG, Ltd. 3,414 9,238
Pidilite Industries, Ltd. 3,726 12,387
Piramal Healthcare, Ltd. 482 4,492
Power Finance Corp. Ltd. 2,196 12,343
Power Grid Corp. of India Ltd. 7,026 15,900

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
India (continued)    
Procter & Gamble Hygiene &    
Health Care, Ltd. 193 $ 8,251
PTC India, Ltd. 2,981 5,638
Punj Lloyd, Ltd. 1,401 2,042
Ranbaxy Laboratories, Ltd. 764 7,631
Reliance Capital, Ltd. 1,234 16,185
Reliance Communications, Ltd. 3,426 8,285
Reliance Industries, Ltd. 7,383 173,572
Reliance Infrastructure, Ltd. 523 8,233
Reliance Power, Ltd. (I) 5,453 16,014
Rolta India, Ltd. 3,026 9,411
Ruchi Soya Industries, Ltd. 3,000 7,092
Rural Electrification Corp. Ltd. 3,171 18,008
Satyam Computer Services, Ltd. (I) 3,019 4,431
Sesa Goa, Ltd. 2,752 18,060
Shree Ashtavinyak Cine Vision, Ltd. 9,206 1,322
Shree Cement, Ltd. 199 9,256
Shriram Transport Finance Company 782 14,011
Siemens India, Ltd. 576 11,381
Sobha Developers, Ltd. 1,142 7,560
State Bank of India 396 24,492
Steel Authority of India, Ltd. 3,771 14,347
Sterling Biotech, Ltd. 2,768 5,822
Sterlite Industries India Ltd 4,944 19,227
Sterlite Industries India, Ltd., ADR 1,100 16,984
Strides Arcolab, Ltd. 487 4,047
Sun Pharmaceutical Industries, Ltd. 1,755 17,258
Sun TV Network, Ltd. 1,006 9,908
Suzlon Energy, Ltd. (I) 941 937
Tanla Solutions, Ltd. 2,423 910
Tata Chemicals, Ltd. 1,092 8,354
Tata Communications, Ltd. (I) 396 2,123
Tata Consultancy Services, Ltd. 2,054 54,357
Tata Motors, Ltd., SADR 800 22,232
Tata Power Company, Ltd. 428 12,766
Tata Steel, Ltd. 2,299 32,008
Tata Tea, Ltd. 3,900 8,610
Tech Mahindra, Ltd. 391 5,897
Titan Industries, Ltd. 216 18,518
Torrent Power, Ltd. 1,000 5,617
Ultratech Cement, Ltd. 431 10,855
Unitech, Ltd. 4,300 3,891
United Phosphorus, Ltd. 3,143 10,636
United Spirits, Ltd. 763 18,121
Usha Martin, Ltd. 4,856 6,206
Videocon Industries, Ltd. (I) 482 2,073
Voltas, Ltd. 1,873 7,704
Welspun-Gujarat Stahl, Ltd. (I) 1,168 5,400
Wipro, Ltd. 661 7,045
Wipro, Ltd., ADR (L) 1,666 24,407
Wockhardt, Ltd. (I) 1,455 10,509
Yes Bank, Ltd. 1,666 11,557
Zee Entertainment Enterprises, Ltd. 5,688 15,666
Zee Learn, Ltd. (I) 711 370
 
    2,457,113
Indonesia - 0.21%    
Adaro Energy Tbk PT 42,500 10,680
AKR Corporindo Tbk PT 55,000 9,272
Aneka Tambang Tbk PT 15,000 3,954
Astra Agro Lestari Tbk PT 2,000 5,205
Astra International Tbk PT 11,500 75,151
Bakrie & Brothers Tbk PT (I) 1,496,000 10,968
Bakrie Sumatera Plantations Tbk PT 124,000 5,118
Bakrie Telecom Tbk PT (I) 471,000 19,241

 

100

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Indonesia (continued)    
Bakrieland Development Tbk PT 550,000 $ 8,859
Bank Central Asia Tbk PT 60,000 47,800
Bank Danamon Indonesia Tbk PT 28,995 21,783
Bank Mandiri Tbk PT 37,228 29,157
Bank Negara Indonesia Persero Tbk PT 11,598 5,289
Bank Pan Indonesia Tbk PT (I) 104,500 13,903
Bank Permata Tbk PT (I) 6,000 1,268
Bank Rakyat Indonesia Tbk PT 59,000 38,876
Bank Tabungan Pensiunan Nasional Tbk PT (I) 7,500 2,157
Barito Pacific Tbk PT (I) 49,500 5,465
Bisi International PT (I) 47,500 9,442
Bumi Resources Tbk PT 163,500 62,775
Ciputra Development Tbk PT (I) 228,500 9,697
Energi Mega Persada Tbk PT (I) 760,500 11,154
Global Mediacom Tbk PT 52,500 5,055
Gudang Garam Tbk PT 5,000 24,099
Holcim Indonesia Tbk PT (I) 42,000 9,753
Indah Kiat Pulp and Paper Corp. Tbk PT (I) 38,500 7,507
Indo Tambangraya Megah PT 500 2,648
Indocement Tunggal Prakarsa Tbk PT 10,500 19,687
Indofood Sukses Makmur Tbk PT 31,000 19,197
Indosat Tbk PT, ADR (L) 131 3,964
International Nickel Indonesia Tbk PT 24,000 13,133
Japfa Comfeed Indonesia Tbk PT 4,000 1,584
Jasa Marga PT 36,000 14,040
Kalbe Farma Tbk PT 51,500 20,086
Lippo Karawaci Tbk PT 62,500 4,387
Medco Energi Internasional Tbk PT 35,000 11,537
Perusahaan Gas Negara Tbk PT 41,000 18,333
Perusahaan Perkebunan London Sumatra    
Indonesia Tbk PT 45,000 11,767
PT Telekomunikiasi Indonesia Tbk PT, SADR 1,100 36,938
Ramayana Lestari Sentosa Tbk PT 106,000 9,220
Sampoerna Agro PT 18,000 6,774
Semen Gresik Persero Tbk PT 18,500 19,339
Summarecon Agung Tbk PT 24,500 3,267
Surya Citra Media Tbk PT 15,000 6,981
Tambang Batubara Bukit Asam Tbk PT (I) 5,000 12,043
Timah Tbk PT 35,500 11,293
TMayora Indah Tbk P 5,000 6,490
Trada Maritime Tbk Pt 141,500 9,592
Unilever Indonesia Tbk PT 14,000 24,585
United Tractors Tbk PT 10,750 26,803
 
    767,316
Ireland - 0.25%    
Accenture PLC, Class A 4,300 236,371
Allied Irish Banks PLC, SADR (I) 200 480
Anglo Irish Bank Corp. PLC (I) 3,621 0
Bank of Ireland 2,000 3,500
C&C Group PLC 286 1,294
C&C Group PLC - London Exchange 1,096 4,928
Covidien PLC 2,571 133,538
CRH PLC 5,638 130,914
DCC PLC 1,040 33,154
Elan Corp. PLC (I) 3,100 21,328
Experian PLC 5,311 65,787
FBD Holdings PLC (I) 77 791
Glanbia PLC (Dublin Exchange) (I) 1,295 7,796
Global Indemnity PLC (I) 450 9,891
Grafton Group PLC 1,533 7,211
Greencore Group PLC 532 889
Ingersoll-Rand PLC 3,100 149,761
Kerry Group PLC 1,026 38,196
Kingspan Group PLC (I) 1,864 16,678

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Ireland (continued)    
Paddy Power PLC 155 $ 6,788
United Drug PLC 3,962 12,901
Warner Chilcott PLC, Class A 1,600 37,248
 
    919,444
Israel - 0.15%    
Africa Israel Investments, Ltd. (I) 713 6,176
Bank Hapoalim, Ltd. (I) 7,512 39,023
Bank Leumi Le-Israel, Ltd. 8,417 43,045
Bezek Israeli Telecommunications Corp., Ltd. 10,197 30,201
Cellcom Israel, Ltd. 473 15,523
Clal Industries & Investments, Ltd. 576 4,328
Clal Insurance Enterprise Holdings, Ltd. 217 6,371
Elbit Systems, Ltd. 300 16,551
Frutarom Industries, Ltd. 570 6,057
Given Imaging, Ltd. (I) 283 5,453
Israel Chemicals, Ltd. 2,306 37,897
Israel Discount Bank, Ltd. (I) 494 1,041
Makhteshim-Agan Industries, Ltd. (I) 1,399 7,393
Mellanox Technologies, Ltd. (I) 228 5,710
Menorah Mivtachim Holdings, Ltd. (I) 45 613
Migdal Insurance Holdings, Ltd. 3,100 5,789
Mizrahi Tefahot Bank, Ltd. 1,337 15,082
NICE Systems, Ltd., SADR (I) 600 22,164
Ormat Industries, Ltd. 811 5,983
Partner Communications Company, Ltd., ADR 700 13,307
Paz Oil Company, Ltd. 59 11,053
Retalix, Ltd. (I) 527 7,567
Shikun & Binu, Ltd. 842 2,452
Super-Sol, Ltd. 1,097 6,774
Teva Pharmaceutical Industries, Ltd., SADR 4,753 238,458
Tower Semiconductor, Ltd. (I) 2,276 3,118
 
    557,129
Italy - 0.57%    
A2A SpA 9,798 15,885
ACEA SpA (I) 1,055 12,446
Acegas-APS SpA 800 4,364
Amplifon SpA 619 3,761
Ansaldo STS SpA 410 6,008
Assicurazioni Generali SpA 4,981 107,889
Astaldi SpA 1,584 13,082
Autogrill SpA (I) 1,195 16,818
Autostrade SpA 1,216 27,881
Azimut Holding SpA 1,451 16,212
Banca Carige SpA (I) 7,025 16,639
Banca Intermobiliare SpA (I) 2,375 14,257
Banca Monte dei Paschi di Siena SpA (I) 13,824 17,257
Banca Popolare Dell’emilia Romagna SCRL 946 11,398
Banca Popolare dell’Etruria e del    
Lazio SpA (I) 1,132 4,926
Banca Popolare di Milano SpA (L) 3,194 12,010
Banca Popolare di Sondrio SCRL 1,955 16,624
Banche Popolari Unite SpA 4,010 34,316
Banco di Desio e della Brianza SpA 669 3,641
Banco Popolare Societa Cooperativa 3,700 11,039
Benetton Group SpA (I) 867 6,505
Bulgari SpA 1,321 22,887
Buzzi Unicem SpA 1,110 16,162
Caltagirone Editore SpA 265 671
Cementir SpA 447 1,334
CIR-Compagnie Industriali Riunite SpA (I) 2,773 6,230
Credito Artigiano SpA 655 1,307
Credito Bergamasco SpA 157 5,213
Credito Emiliano SpA 637 4,181

 

101

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Italy (continued)    
Danieli & C Officine Meccaniche SpA 270 $ 8,199
Datalogic Spa 499 4,275
Davide Campari Milano SpA 2,064 13,975
DiaSorin SpA 185 8,141
Enel SpA 25,513 160,810
ENI SpA, SADR 5,500 270,215
ERG SpA 259 3,680
Fiat Industrial SpA (I) 4,623 66,300
Fiat SpA 4,623 41,892
Finmeccanica SpA 2,411 30,369
Fondiaria-Sai SpA 869 7,212
Gemina SpA (I) 17,011 15,747
Geox SpA 1,356 8,534
Gruppo Coin SpA (I) 986 9,741
Gruppo Editoriale L’Espresso SpA (I) 2,310 6,305
Hera SpA 6,946 16,625
Immsi SpA (L) 4,536 5,390
Impregilo SpA (I) 4,555 15,204
Interpump SpA (I) 762 6,465
Intesa Sanpaolo SpA 33,833 100,177
Iren SpA 1,525 2,839
Italcementi SpA 699 7,145
Lottomatica SpA 439 7,914
Luxottica Group SpA 390 12,752
Luxottica Group SpA 400 13,112
Maire Tecnimont SpA 5,517 22,699
Mediaset SpA 4,833 30,739
Mediobanca SpA 2,815 28,812
Mediolanum SpA 1,091 5,868
Milano Assicurazioni SpA (I) 1,886 2,439
Mondadori (Arnoldo) Editore SpA (I) 2,250 8,781
Parmalat SpA (I) 14,950 50,123
Piccolo Credito Valtellinese SCRL 2,715 12,993
Pirelli & Company SpA 2,380 20,916
Prelios SpA (I) 2,380 1,856
Prysmian SpA 1,626 34,887
Recordati SpA 1,275 12,820
Safilo Group SpA (I) 447 8,023
Saipem SpA 1,253 66,547
Saras SpA (I) 2,835 7,344
Seat Pagine Gialle SpA (I) 662 65
Snai SpA (I) 346 1,201
Snam Rete Gas SpA 6,994 39,330
Societa’ Cattolica di Assicurazioni SCRL 635 17,175
Sorin SpA (I) 7,397 20,666
Telecom Italia SpA 66,213 101,961
Terna Rete Elettrica Nazionale SpA 10,246 49,091
Tiscali SpA (I) 46,781 5,053
Tod’s SpA 254 29,960
UniCredit Italiano SpA 92,840 229,607
Unipol Gruppo Finanziario SpA, ADR 8,796 6,334
Vianini Lavori SpA 357 2,252
 
    2,091,503
Japan - 4.07%    
ABC-MART, Inc. 100 3,637
Adeka Corp. 1,400 13,650
Advantest Corp. 500 9,005
AEON Company, Ltd. 3,500 40,563
Aica Kogyo Company, Ltd. 1,100 14,289
Aichi Bank, Ltd. 100 6,227
Aida Engineering, Ltd. 1,000 4,496
Aiphone Company, Ltd. 400 6,665
Air Water, Inc. 1,000 12,072
Aisin Seiki Company, Ltd. 900 31,248

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Ajinomoto Company, Inc. 5,000 $ 51,593
Akita Bank, Ltd. 3,000 9,616
Alfresa Holdings Corp. 400 15,364
All Nippon Airways Company, Ltd. 3,000 8,944
Alpine Electronics, Inc. 900 10,095
Alps Electric Company, Ltd. 3,000 28,817
Amada Company, Ltd. 3,000 25,030
Anritsu Corp. 1,000 7,610
Aomori Bank, Ltd. 1,000 3,066
Aoyama Trading Company, Ltd. 900 14,245
Aozora Bank, Ltd. (L) 7,000 15,821
Arakawa Chemical Industries, Ltd. 600 5,869
Arcs Company, Ltd. 500 7,483
Ariake Japan Company, Ltd. 500 8,247
Asahi Breweries, Ltd. 2,100 34,916
Asahi Glass Company, Ltd. 2,000 25,150
Asahi Holdings, Inc. 500 10,171
Asahi Kasei Corp. 10,000 66,478
Asahi Organic Chemicals    
Industry Company, Ltd. 3,000 8,331
ASATSU-DK, Inc. 200 5,357
Asics Corp. 1,000 13,369
ASKUL Corp. 400 5,674
Astellas Pharma, Inc. 2,100 77,435
Asunaro Aoki Construction Company, Ltd. 1,000 5,735
Atom Corp. (I) 2,500 7,304
Autobacs Seven Company, Ltd. 300 11,397
Avex Group Holdings, Inc. 800 9,752
Awa Bank, Ltd. 2,000 12,142
Bando Chemical Industries, Ltd. 1,000 4,592
Bank of Kyoto, Ltd. 3,000 26,545
Bank of Saga, Ltd. 3,000 8,440
Bank of the Ryukyus, Ltd. 900 10,142
Bank of Yokohama, Ltd. 9,000 42,739
Benesse Holdings, Inc. 400 16,374
Best Denki Company, Ltd. (I) 500 1,368
Bridgestone Corp. 2,800 58,225
Brother Industries, Ltd. 2,200 32,320
Bunka Shutter Company, Ltd. 2,000 6,082
Canon Electronics, Inc. 200 5,406
Canon Sales Company, Inc. 700 8,617
CANON, Inc. 3,600 156,060
Capcom Company, Ltd. 300 5,735
Casio Computer Company, Ltd. 2,000 15,821
Cawachi, Ltd. 400 7,532
Central Glass Company, Ltd. 3,000 12,082
Central Japan Railway Company, Ltd. 6 47,535
Chiba Bank, Ltd. 5,000 28,012
Chiyoda Company, Ltd. 200 2,532
Chiyoda Corp. 2,000 18,322
Chofu Seisakusho Company, Ltd. 400 10,026
Chubu Electric Power Company, Inc. 2,900 64,499
Chugai Pharmaceutical Company, Ltd. 900 15,494
Chugai Ro Company, Ltd. 1,000 4,436
Chugoku Bank, Ltd. 2,000 22,698
Chugoku Electric Power Company, Inc. 1,300 24,037
Chuo Mitsui Trust Holdings, Inc. 7,000 24,826
Circle K Sunkus Company, Ltd. 300 4,534
Citizen Watch Company, Ltd. 3,500 20,155
Coca-Cola West Japan Company, Ltd. 200 3,774
Colowide Company, Ltd. 1,500 7,772
COMSYS Holdings Corp. 1,200 12,100
Cosmo Oil Company, Ltd. 4,000 12,455
Credit Saison Company, Ltd. 1,800 28,954
CSK Corp. (I) 500 1,521

 

102

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Dai Nippon Printing Company, Ltd. 3,000 $ 36,535
Daicel Chemical Industries, Ltd. 2,000 12,335
Daido Steel Company, Ltd. 4,000 22,746
Daifuku Company, Ltd. 1,500 10,892
Daihatsu Motor Company, Ltd. 1,000 14,571
Daiichi Sankyo Company, Ltd. 3,500 67,576
Daikin Industries, Ltd. 1,000 29,947
Daikokutenbussan Company, Ltd 300 9,511
Daikyo, Inc. (I) 1,000 1,551
Dainichiseika Color & Chemicals    
Manufacturing Company, Ltd. 1,000 4,809
Dainippon Screen    
Manufacturing Company, Ltd. 2,000 20,700
Dainippon Sumitomo Pharma Company, Ltd. 1,000 9,317
Daio Paper Corp. 1,000 7,670
Daisan Bank, Ltd. 1,000 2,585
Daiseki Company, Ltd. 500 9,762
Daishi Bank, Ltd. 3,000 9,819
Daito Trust Construction Company, Ltd. 500 34,087
Daiwa House Industry Company, Ltd. 4,000 48,854
Daiwa Securities Group, Inc. 10,000 45,925
Daiwabo Holdings Company, Ltd. 5,000 10,260
DCM Japan Holdings Company, Ltd. 1,400 8,466
Dena Company, Ltd. 300 10,838
Denki Kagaku Kogyo Kabushiki Kaisha 5,000 24,645
Denki Kogyo Company, Ltd. 3,000 16,198
Denso Corp. 2,100 69,680
Dentsu, Inc. 400 10,229
Descente, Ltd. 2,000 8,986
Disco Corp. 100 6,763
Don Quijote Company, Ltd. 200 6,263
Doshisha Company, Ltd. 300 5,962
Doutor Nichires Holdings Company, Ltd. 700 8,458
Dowa Holdings Company, Ltd. 2,000 12,455
DTS Corp. 900 8,926
Duskin Company, Ltd. 600 11,079
Dydo Drinco, Inc. 100 3,889
E-Access, Ltd. (L) 18 9,889
Earth Chemical Company, Ltd. 300 10,037
East Japan Railway Company 1,500 82,426
Ebara Corp. 4,000 21,377
EDION Corp. 500 4,206
Ehime Bank, Ltd. 1,000 2,800
Eisai Company, Ltd. 900 32,287
Eizo Nanao Corp. 100 2,349
Electric Power Development Company, Ltd. 900 27,721
Elpida Memory, Inc. (I) 1,800 23,176
EPS Company, Ltd. 2 4,648
Exedy Corp. 200 6,006
Ezaki Glico Company, Ltd. 1,000 11,524
FamilyMart Company, Ltd. 300 11,171
Fancl Corp. 300 4,202
Fanuc, Ltd. 800 120,257
Fast Retailing Company, Ltd. 200 25,030
FCC Company, Ltd. 500 11,919
FP Corp. 200 10,593
France Bed Holdings Company, Ltd. 5,000 6,221
Fuji Electric Holdings Company, Ltd. 7,000 21,789
Fuji Heavy Industries, Ltd. 5,000 32,219
Fuji Kyuko Company, Ltd. 2,000 10,192
Fuji Oil Company, Ltd. 400 5,242
Fuji Software ABC, Inc. 400 6,382
Fuji Television Network, Inc. 5 6,997
FUJIFILM Holdings Corp. 2,900 89,810
Fujikura, Ltd. 4,000 19,428

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Fujitec Company, Ltd. 1,000 $ 5,302
Fujitsu, Ltd. 8,000 45,203
Fukui Bank, Ltd. 2,000 6,219
Fukuoka Financial Group, Inc. 8,000 33,277
Fukuyama Transporting Company, Ltd. 3,000 14,408
Furukawa Company, Ltd. (I) 3,000 3,102
Furukawa Electric Company, Ltd. 4,000 16,158
Futaba Corp. 600 11,534
Futaba Industrial Company, Ltd. (I) 400 2,227
Glory, Ltd. 500 10,930
Godo Steel, Ltd. 3,000 7,502
Goldcrest Company, Ltd. 170 3,335
Green Hospital Supply, Inc. 1,000 12,587
GS Yuasa Corp. 2,000 13,296
Gunma Bank 4,000 21,207
H20 Retailing Corp. 1,000 6,768
Hakuhodo DY Holdings, Inc. 210 10,947
Hamamatsu Photonics KK 500 19,806
Hankyu Hanshin Holdings, Inc. 5,000 23,082
Hanwa Company, Ltd. 2,000 8,848
Harashin Narus Holdings Company, Ltd. 400 6,290
Haseko Corp. (I) 7,000 5,327
Heiwa Corp. 700 10,839
Heiwa Real Estate Company, Ltd. 3,500 8,079
Higashi-Nippon Bank, Ltd. 3,000 6,492
Higo Bank, Ltd. 2,000 11,157
Hikari Tsushin, Inc. 400 7,819
Hirose Electric Company, Ltd. 200 21,353
HIS Company, Ltd. 400 8,119
Hisamitsu Pharmaceutical Company, Inc. 300 12,100
Hitachi High-Technologies Corp. 800 15,956
Hitachi Koki Company, Ltd. 800 7,685
Hitachi Kokusai Electric, Inc. 1,000 7,923
Hitachi Metals, Ltd. 1,000 12,599
Hitachi Tool Engineering, Ltd. 800 8,661
Hitachi Transport System, Ltd. 700 9,719
Hitachi Zosen Corp. 7,500 10,549
Hitachi, Ltd. (L) 1,900 98,097
Hogy Medical Company, Ltd. 100 4,280
Hokkaido Electric Power Company, Inc. 900 17,453
Hokuetsu Bank, Ltd. 5,000 11,421
Hokuhoku Financial Group, Inc. 10,000 19,476
Hokuriku Electric Power Company 900 20,268
Honda Motor Company, Ltd. 6,500 243,316
Hosiden Corp. 1,100 11,175
House Food Corp. 200 3,254
Hoya Corp. 1,700 38,791
Hulic Company, Ltd. 600 5,215
Hyakujushi Bank, Ltd. 2,000 7,526
Ibiden Company, Ltd. 900 28,232
IBJ Leasing Company, Ltd. 200 4,809
Ichiyoshi Securities Company, Ltd. 1,100 7,472
ICOM, Inc. 300 8,768
Idemitsu Kosan Company, Ltd. 200 23,419
Iida Home Max 400 3,684
Iino Kaiun Kaisha, Ltd. 1,300 7,020
Inaba Denki Sangyo Company, Ltd. 400 11,313
Inabata & Company, Ltd. 1,600 9,810
Inageya Company, Ltd. 1,000 10,472
Inpex Corp. 8 60,181
Internet Initiative Japan, Inc. 3 8,859
Iseki & Company, Ltd. (I) 3,000 6,839
Isetan Mitsukoshi Holdings, Ltd. 3,500 31,516
Ishikawajima-Harima Heavy    
Industries Company, Ltd. 9,000 21,644

 

103

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Isuzu Motors, Ltd. 8,000 $ 31,642
IT Holdings Corp. 300 3,138
ITO EN, Ltd. 400 6,916
Itochu Corp. 7,000 73,299
Itochu Techno-Science Corp. 400 12,766
Iyo Bank, Ltd. 2,000 16,663
Izumi Company, Ltd. 700 9,850
Izumiya Company, Ltd. 1,000 4,448
J Front Retailing Company, Ltd. 5,000 20,798
Jalux, Inc. 500 4,899
Japan Aviation Electronics Industry, Ltd. 1,000 6,949
Japan Petroleum Exploration Company, Ltd. 200 10,002
Japan Pulp & Paper Company, Ltd. 1,000 3,763
Japan Tobacco, Inc. 19 68,000
Japan Wool Textile Company, Ltd. 1,000 8,426
Jeol, Ltd. 1,000 2,909
JFE Holdings, Inc. 2,300 67,302
JGC Corp. 1,000 23,246
Joshin Denki Company, Ltd. 1,000 9,585
Joyo Bank, Ltd. 5,000 19,430
JS Group Corp. 2,600 67,516
JSR Corp. 1,300 25,719
Juki Corp. (I) 1,000 2,214
Juroku Bank, Ltd. 3,000 9,846
JVC KENWOOD Holdings, Ltd. (I) 1,800 8,640
JX Holdings, Inc. 17,990 121,116
K’s Holding Corp. 600 17,312
kabu.com Securities Company, Ltd. 1,400 4,780
Kagome Company, Ltd. 200 3,519
Kagoshima Bank, Ltd. 2,000 13,537
Kajima Corp. 5,000 13,979
Kakaku.com, Inc. 2 11,071
Kaken Pharmaceutical Company, Ltd. 1,000 11,950
Kameda Seika Company, Ltd. 400 6,684
Kamigumi Company, Ltd. 3,000 25,643
Kaneka Corp. 3,000 20,882
Kanematsu Corp. (I) 9,000 8,981
Kansai Electric Power Company, Ltd. 2,700 58,443
Kansai Paint Company, Ltd. 2,000 17,168
Kanto Denka Kogyo Company, Ltd. 1,000 7,430
Kao Corp. 2,000 49,892
Kappa Create Company, Ltd. 350 6,598
Katakura Industries Company, Ltd. 700 6,640
Kawasaki Heavy Industries, Ltd. 9,000 39,601
Kawasaki Kisen Kaisha, Ltd. 5,000 18,454
Kayaba Industry Company, Ltd. 2,000 16,086
KDDI Corp. 11 67,511
Keihan Electric Railway Company, Ltd. 5,000 20,979
Keihin Corp. 300 5,610
Keihin Electric Express    
Railway Company, Ltd. 2,000 14,257
Keio Corp. 4,000 23,900
Keisei Electric Railway Company, Ltd. 2,000 11,469
Keiyo Bank, Ltd. 2,000 10,002
Kenedix, Inc. (I) 4 809
KEY Coffee, Inc. 300 5,238
Keyence Corp. 200 50,702
Kikkoman Corp. 2,000 18,851
Kinden Corp. 1,000 9,101
Kintetsu Corp. (L) 6,000 19,211
Kintetsu World Express, Inc. 100 3,109
Kirin Holdings Company, Ltd. 4,000 52,561
Kisoji Company, Ltd. 400 8,113
Kissei Pharmaceutical Company, Ltd. 1,000 18,755
Kita-Nippon Bank, Ltd. 100 2,450

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Kitz Corp. 1,000 $ 4,809
Kiyo Holdings, Inc. 11,000 15,340
Koa Corp. 800 9,002
Kobayashi Pharmaceutical Company, Ltd. 200 9,197
Kobe Steel Company, Ltd. 24,000 61,485
Kohnan Shoji Company, Ltd. 300 3,997
Koito Manufacturing Company, Ltd. 1,000 16,025
Kokuyo Company, Ltd. 500 3,795
Komatsu, Ltd. 3,700 124,857
Komeri Company, Ltd. 400 10,171
Komori Corp. 700 6,522
Konami Corp. 600 10,937
Konica Minolta Holdings, Inc. 2,500 20,949
Kose Corp. 200 4,937
Koyo Seiko Company, Ltd. 1,800 23,162
Kubota Corp. 4,000 37,325
Kurabo Industries, Ltd. 3,000 5,420
Kuraray Company, Ltd. 2,500 32,219
Kureha Corp. 1,000 4,640
Kurita Water Industries, Ltd. 700 20,694
Kuroda Electric Company, Ltd. 300 3,733
Kyocera Corp. 800 80,680
Kyorin Company, Ltd. 1,000 17,023
Kyowa Exeo Corp. 1,000 9,998
Kyowa Hakko Kogyo Company, Ltd. 2,000 18,755
Kyushu Electric Power Company, Inc. 1,900 37,118
Lawson, Inc. 500 24,104
Leopalace21 Corp. (I)(L) 1,200 1,572
Life Corp. 500 7,417
Lintec Corp. 200 5,686
Lion Corp. 1,000 5,085
Mabuchi Motor Company, Ltd. 200 9,430
Maeda Road Construction Company, Ltd. 1,000 10,255
Makino Milling Machine Company, Ltd. 1,000 8,488
Makita Corp. 700 32,568
Marubeni Corp. 7,000 50,409
Marudai Food Company, Ltd. 2,000 6,225
Maruha Group, Inc. 3,000 4,350
Marui Company, Ltd. 2,800 18,076
Matsui Securities Company, Ltd. 1,600 8,694
Matsushita Electric Industrial Company, Ltd. 9,400 119,562
Matsuya Company, Ltd. (I) 500 2,729
Max Company, Ltd. 1,000 12,218
Mazda Motor Corp. (I) 9,000 19,800
Mediceo Holdings Company, Ltd. 1,600 14,157
Megachips Corp. (I) 600 10,705
Megmilk Snow Brand Company, Ltd. 500 7,652
Meidensha Corp. (L) 2,000 8,896
MEIJI Holdings Company, Ltd. 500 20,107
Meitec Corp. 500 10,002
Mikuni Coca-Cola Bottling Company, Ltd. 1,000 8,861
Minato Bank, Ltd. 6,000 10,748
Minebea Company, Ltd. 2,000 11,036
Miraca Holdings, Inc. 300 11,487
Mirait Holdings Corp. 1,000 8,091
MISUMI Group, Inc. 800 19,861
Mitsubishi Chemical Holdings Corp. 6,000 37,725
Mitsubishi Corp. 5,200 144,347
Mitsubishi Electric Corp. 5,000 58,328
Mitsubishi Estate Company, Ltd. 4,000 67,661
Mitsubishi Gas & Chemicals Company, Inc. 3,000 21,237
Mitsubishi Heavy Industries, Ltd. 18,000 81,807
Mitsubishi Logistics Corp. 1,000 11,181
Mitsubishi Materials Corp. 9,000 30,512
Mitsubishi Motors Corp. (I) 17,000 20,846

 

104

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Mitsubishi Paper Mills, Ltd. (I) 2,000 $ 2,116
Mitsubishi Pencil Company, Ltd. 200 3,163
Mitsubishi Steel Manufacturing Company, Ltd. 4,000 12,936
Mitsubishi UFJ Financial Group 73,147 337,683
Mitsuboshi Belting Company, Ltd. 1,000 5,470
Mitsui & Company, Ltd. 2,100 37,642
Mitsui & Company, Ltd., SADR 300 107,850
Mitsui Chemicals, Inc. 6,000 21,207
Mitsui Engineering &    
Shipbuilding Company, Ltd. 9,000 21,532
Mitsui Fudosan Company, Ltd. 3,000 48,707
Mitsui Mining & Smelting Company, Ltd. 7,000 24,321
Mitsui Mining Company, Ltd. 3,500 6,985
Mitsui O.S.K. Lines, Ltd. 4,000 23,034
Mitsui Sumitomo Insurance Group Holdings 2,782 63,346
Mitsui-Soko Company, Ltd. 1,000 3,895
Mitsumi Electric Company, Ltd. 800 10,647
Mitsuuroko Company, Ltd. 1,000 6,336
Miura Company, Ltd. 500 14,998
Mizuho Financial Group, Inc. 79,300 131,563
Mizuho Investors Securities Company, Ltd. 7,000 6,480
Mizuho Trust & Banking Company, Ltd. 9,000 8,115
Mizuno Corp. 1,000 4,221
Mochida Pharmaceutical Company, Ltd. 1,000 11,744
Modec, Inc. 100 1,824
Mori Seiki Company, Ltd. 1,300 15,519
Morinaga Milk Industry Company, Ltd. 3,000 10,607
MOS Food Services, Inc. 500 9,117
Moshi Moshi Hotline, Inc. 200 3,734
Murata Manufacturing Company, Ltd. 1,000 72,013
Musashino Bank, Ltd. 500 16,206
Mutow Company, Ltd. 400 1,515
Nabtesco Corp. 1,000 24,957
Nachi-Fujikoshi Corp. 1,000 5,674
Nagase & Company, Ltd. 1,000 11,902
Nagoya Railroad Company, Ltd. 4,000 10,820
Namco Bandai Holdings, Inc. 1,400 15,266
Nankai Electric Railway Company, Ltd. 3,000 11,951
NEC Corp. (I) 18,000 39,168
NEC Electronics Corp. (I) 1,300 10,854
Net One Systems Company, Ltd. 3 4,494
NGK INSULATORS, Ltd. 1,000 17,877
NGK Spark Plug Company, Ltd. 2,000 27,314
NHK Spring Company, Ltd. 2,000 19,812
NICHIREI Corp. 2,000 8,536
Nidec Corp. 400 34,624
Nifco, Inc. 200 4,757
Nihon Dempa Kogyo Company, Ltd. 200 3,136
Nihon Kohden Corp. 400 8,670
Nihon Parkerizing Company, Ltd. 1,000 13,789
Nihon Unisys, Ltd. 1,200 7,877
Nihon Yamamura Glass Company, Ltd. 4,000 11,301
Nikon Corp. 1,300 26,803
Nintendo Company, Ltd. 300 81,041
Nippo Corp. 1,000 8,014
Nippon Carbon Company, Ltd. 1,000 2,392
Nippon Ceramic Company, Ltd. 100 2,043
Nippon Chemi-Con Corp. 1,000 5,001
Nippon Denko Company, Ltd. 2,000 11,904
Nippon Electric Glass Company, Ltd. 2,000 28,324
Nippon Express Company, Ltd. 7,000 26,845
Nippon Flour Mills Company, Ltd. 1,000 4,532
Nippon Konpo Unyu Soko Company, Ltd. 1,000 11,169
Nippon Light Metal Company, Ltd. 3,000 5,915
Nippon Meat Packers, Inc. 2,000 25,222

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Nippon Paint Company, Ltd. 2,000 $ 13,417
Nippon Paper Group, Inc. 800 16,864
Nippon Road Company, Ltd. 3,000 9,882
Nippon Sheet Glass Company, Ltd. 11,000 31,738
Nippon Shinyaku Company, Ltd. 1,000 12,828
Nippon Signal Company, Ltd. 800 6,025
Nippon Steel Corp. 22,000 70,353
Nippon Suisan Kaisha, Ltd. 1,200 3,333
Nippon Telegraph & Telephone Corp. 2,200 98,696
Nippon Thompson Company, Ltd. 1,000 7,869
Nippon Yakin Kogyo Company, Ltd. (I) 500 1,130
Nippon Yusen Kabushiki Kaisha 10,000 39,072
Nipro Corp. 400 7,873
Nishi-Nippon City Bank, Ltd. 8,000 22,986
Nishi-Nippon Railroad Company, Ltd. 3,000 12,867
Nishimatsu Construction Company, Ltd. 2,000 3,174
Nissan Chemical Industries, Ltd. 1,000 10,339
Nissan Motor Company, Ltd. 11,200 99,370
Nissha Printing Company, Ltd. 300 6,474
Nisshin Oillio Group, Ltd. 2,000 9,449
Nisshin Seifun Group, Inc. 1,000 11,529
Nisshin Steel Company 7,000 15,064
Nisshinbo Holdings, Inc. 1,000 9,702
Nissin Corp. 3,000 8,079
Nissin Food Products Company, Ltd. 600 21,110
Nissin Kogyo Company, Ltd. 600 10,244
Nissui Pharmaceutical Company, Ltd. 500 4,215
Nitori Company, Ltd. 250 21,826
Nitto Boseki Company, Ltd. (I) 2,000 4,689
Nitto Denko Corp. 1,200 62,812
Nitto Kogyo Corp. 100 1,142
Nitto Kohki Company, Ltd. 400 10,039
NKSJ Holdings, Inc. 8,700 55,927
NOF Corp. 1,000 4,568
NOK Corp. 1,300 22,824
Nomura Holdings, Inc. 19,500 101,978
Nomura Real Estate Holdings, Inc. 400 6,064
Nomura Research Institute, Ltd. 600 13,244
Noritake Company, Ltd. 1,000 4,197
Noritsu Koki Company, Ltd. (I) 100 596
NS Solutions Corp. 300 5,677
NSK, Ltd. 3,000 25,860
NTN Corp. 5,000 23,984
NTT Data Corp. 7 21,636
NTT DoCoMo, Inc. (L) 69 120,087
Obayashi Corp. 7,000 31,094
OBIC Business Consultants, Ltd. 250 15,223
OBIC Company, Ltd. 70 13,106
Odakyu Electric Railway Company, Ltd. 3,000 25,283
Ogaki Kyoritsu Bank, Ltd. 2,000 6,540
Oji Paper Company, Ltd. 6,000 28,492
Okamoto Industries, Inc. 2,000 7,245
Okasan Holdings, Inc. 3,000 11,397
Oki Electric Industry Company, Ltd. (I) 3,000 2,380
OKUMA Corp. 2,000 16,374
Okumura Corp. 3,000 12,560
Olympus Corp. 1,000 27,819
OMC Card, Inc. (I) 600 1,118
Omron Corp. 1,500 42,162
Ono Pharmaceutical Company, Ltd. 600 29,357
Onward Kashiyama Company, Ltd. 1,000 7,430
Oracle Corp. 300 12,426
Oriental Land Company, Ltd. 300 23,840
Osaka Gas Company, Ltd. 9,000 35,684
OSG Corp. 400 5,771

 

105

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Otsuka Corp. 100 $ 6,432
PanaHome Corp. 1,000 6,469
Panasonic Electric Works Information    
Systems Company, Ltd. 300 7,442
Parco Company, Ltd. 1,300 12,770
Paris Miki, Inc. 800 8,185
Park24 Company Ltd. 1,000 9,583
Penta-Ocean Construction Company, Ltd. 3,500 8,687
Pioneer Corp. (I) 1,000 4,160
Point, Inc. 250 10,459
Press Kogyo Company, Ltd. 1,000 4,244
Q.P. Corp. 900 10,863
Rengo Company, Ltd. 2,000 12,935
Resona Holdings, Inc. 2,700 12,854
Ricoh Company, Ltd. 3,000 35,201
Riken Corp. 1,000 4,160
Rinnai Corp. 300 19,909
Riso Kagaku Corp. 200 3,429
Rohm Company, Ltd. 900 55,884
Rohto Pharmaceutical Company, Ltd. 1,000 10,712
Roland Corp. 400 4,737
Round One Corp. 1,400 6,427
Royal Holdings Company, Ltd. 700 6,892
Ryobi, Ltd. 1,000 4,003
Ryohin Keikaku Company, Ltd. 300 12,155
Ryosan Company, Ltd. 600 14,358
Sagami Railway Company, Ltd. 3,000 8,331
Saibu Gas Company, Ltd. 4,000 9,861
Sakai Chemical Industry Company, Ltd. 1,000 4,800
San-Ai Oil Company, Ltd. 2,000 10,676
Sanden Corp. 1,000 4,196
Sanken Electric Company, Ltd. 1,000 5,891
Sanki Engineering Company, Ltd. 2,000 12,479
Sankyo Company, Ltd. 400 20,510
Sankyo-Tateyama Holdings, Inc. (I) 2,000 3,215
Sankyu, Inc. 3,000 14,354
Sanrio Company, Ltd. 900 26,639
Santen Pharmaceutical Company, Ltd. 400 15,840
Sanwa Shutter Corp. 2,000 6,722
Sanyo Chemical Industries, Ltd. 1,000 8,411
Sanyo Shokai, Ltd. 1,000 3,045
Sanyo Special Steel Company, Ltd. 1,000 5,338
Sapporo Holdings, Ltd. 2,000 7,454
Sawai Pharmaceutical Company, Ltd. 200 17,264
SBI Holdings, Inc. 152 19,132
Secom Company, Ltd. 900 41,572
Sega Sammy Holdings, Inc. 1,100 18,826
Seiko Epson Corp. 1,200 19,083
Seiko Holdings Corp. 1,000 3,426
Seino Holdings Company, Ltd. 2,000 14,920
Seiren Company, Ltd. 500 3,401
Sekisui Chemical Company, Ltd. 4,000 31,306
Sekisui House, Ltd. 6,000 55,854
Senko Company, Ltd. 1,000 3,217
Seven & I Holdings Company, Ltd. 4,200 107,146
Sharp Corp. 6,000 58,902
Shibusawa Warehouse Company, Ltd. 1,000 3,272
Shiga Bank, Ltd. 2,000 10,507
Shikoku Bank, Ltd. 1,000 3,059
Shikoku Electric Power Company, Inc. 1,000 27,206
Shimachu Company, Ltd. 700 15,106
Shimadzu Corp. 3,000 26,653
Shimamura Company, Ltd. 200 17,624
Shimano, Inc. 400 19,981
Shimizu Bank, Ltd. 100 4,406

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Shimizu Corp. 3,000 $ 13,345
Shin-Etsu Chemical Company, Ltd. 1,500 74,567
Shin-Keisei Electric Railway Company, Ltd. 2,000 8,295
Shinko Electric Industries Company, Ltd. 800 8,194
Shinko Plantech Company, Ltd. 700 8,029
Shinko Securities Company, Ltd. (I) 5,000 13,284
Shinmaywa Industries, Ltd. 3,000 12,588
Shinsei Bank, Ltd. 12,000 14,001
Shionogi & Company, Ltd. 1,500 25,589
Shiseido Company, Ltd. 2,000 34,624
Shizuoka Bank, Ltd. 5,000 41,356
Shizuoka Gas Company, Ltd. 1,500 9,277
Shochiku Company, Ltd. 1,000 7,225
Showa Aircraft Industry Company, Ltd. 1,000 7,682
Showa Corp. (I) 1,500 10,929
Showa Denko KK 13,000 26,100
Showa Shell Sekiyu KK 2,000 20,870
Sintokogio, Ltd. 600 6,200
Sky Perfect JSAT Corp. 16 5,580
SMC Corp. 300 48,876
SMK Corp. 1,000 4,641
Softbank Corp. 2,600 102,801
Sohgo Security Services Company, Ltd. 1,000 10,880
Sojitz Holdings Corp. 11,400 22,390
Sony Corp. 3,200 101,491
Sony Corp. 2,600 82,758
Sony Financial Holdings, Inc. 800 15,715
Square Enix Company, Ltd. 400 6,860
St. Marc Holdings Company, Ltd. 300 10,964
Stanley Electric Company, Ltd. 600 9,858
Star Micronics Company, Ltd. 1,000 11,084
Stella Chemifa Corp. 200 7,770
Sugi Pharmacy Company, Ltd. 400 9,276
Sumco Corp. (I) 900 18,145
Sumitomo Bakelite Company, Ltd. 3,000 18,430
Sumitomo Chemical Company, Ltd. (L) 7,645 38,142
Sumitomo Corp. 6,200 88,625
Sumitomo Electric Industries, Ltd. 3,500 48,431
Sumitomo Forestry Company, Ltd. 1,300 11,799
Sumitomo Heavy Industries, Ltd. 8,000 52,224
Sumitomo Metal Industries, Ltd. 18,000 40,250
Sumitomo Metal Mining Company, Ltd. 3,000 51,611
Sumitomo Mitsui Financial Group 7,800 242,496
Sumitomo Osaka Cement Company, Ltd. 7,000 20,237
Sumitomo Realty &    
Development Company, Ltd. 1,000 20,005
Sumitomo Rubber Industries, Inc. 1,500 15,158
Sumitomo Titanium Corp. 100 6,901
Sumitomo Warehouse Company, Ltd. 3,000 14,342
Sundrug Company, Ltd. 400 11,383
Suruga Bank, Ltd. 2,000 17,745
Suzuken Company, Ltd. 400 10,551
Suzuki Motor Corp. 1,300 29,054
SWCC Showa Holdings Company, Ltd. (I) 6,000 7,502
Sysmex Corp. 600 21,088
T&D Holdings, Inc. 1,750 43,129
Taihei Dengyo Kaisha, Ltd. 2,000 16,568
Taiheiyo Cement Corp. 11,000 18,257
Taikisha, Ltd. 600 11,390
Taisei Corp. 9,000 22,181
Taisho Pharmaceuticals Company, Ltd. 1,000 21,640
Taiyo Ink Manufacturing Company, Ltd. 100 3,047
Taiyo Nippon Sanso Corp. 1,000 8,241
Taiyo Yuden Company, Ltd. 2,000 26,412
Takara Standard Company, Ltd. 1,000 7,987

 

106

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Takasago International Corp. 1,000 $ 5,482
Takasago Thermal Engineering Company, Ltd. 1,000 8,860
Takashimaya Company, Ltd. 3,000 18,995
Takata Corp. 200 5,677
Takeda Pharmaceutical Company, Ltd. 3,400 158,596
Tanabe Seiyaku Company, Ltd. 600 9,738
TDK Corp. 1,500 88,830
Teijin, Ltd. 9,000 40,250
Temp Holdings Company, Ltd. 600 5,326
Terumo Corp. 700 36,902
The 77th Bank, Ltd. 4,000 20,101
The Chiba Kogyo Bank, Ltd. (I) 700 4,014
The Dai-ichi Life Insurance Company, Ltd. 23 34,702
The Hachijuni Bank, Ltd. 3,000 17,276
The Hiroshima Bank, Ltd. 5,000 21,700
The Hokkoku Bank, Ltd. 3,000 10,070
The Hyakugo Bank, Ltd. 2,000 8,907
The Japan Steel Works, Ltd. 2,000 15,389
The Nanto Bank, Ltd. 2,000 9,645
The San-in Godo Bank, Ltd. 2,000 14,907
The Sumitomo Trust &    
Banking Company, Ltd. 7,000 36,271
The Tokyo Electric Power Company, Inc. 5,800 32,493
The Yachiyo Bank, Ltd. 300 10,207
The Yokohama Rubber Company, Ltd. 2,000 9,690
THK Company, Ltd. 1,200 29,889
TKC Corp. 400 8,141
TOC Company, Ltd. 2,000 7,844
Tochigi Bank, Ltd. 1,000 4,386
Toda Corp. 3,000 11,784
Toda Kogyo Corp. 1,000 8,896
Toho Bank, Ltd. 3,000 8,115
Toho Company, Ltd. 500 7,171
Toho Gas Company, Ltd. 2,000 10,235
Toho Holdings Company, Ltd. 300 3,271
Toho Titanium Company, Ltd. 200 5,112
Toho Zinc Company, Ltd. 1,000 4,665
Tohoku Electric Power Company, Inc. 1,700 28,545
Tokai Carbon Company, Ltd. 2,000 9,954
Tokai Rika Company, Ltd. 600 10,107
Tokai Tokyo Securities Company, Ltd. 3,000 10,243
Token Corp. 120 5,287
Tokio Marine Holdings, Inc. 4,100 109,623
Tokushu Tokai Holdings Company, Ltd. 3,000 6,564
Tokuyama Corp. 2,000 10,676
Tokyo Broadcasting Company, Ltd. 600 7,055
Tokyo Dome Corp. (I) 3,000 5,987
Tokyo Electron, Ltd. 700 38,585
Tokyo Energy & Systems, Inc. 1,000 6,512
Tokyo Gas Company, Ltd. 10,000 45,365
Tokyo Rakutenchi Company, Ltd. 1,000 3,138
Tokyo Rope Manufacturing Company, Ltd. 4,000 15,052
Tokyo Seimitsu Company, Ltd. 200 3,578
Tokyo Steel Manufacturing Company, Ltd. 900 10,506
Tokyo Style Company, Ltd. 1,000 7,182
Tokyo Tatemono Company, Ltd. 2,000 7,478
Tokyu Corp. 5,000 20,529
Tokyu Land Corp. 5,000 21,760
Tomato Bank, Ltd. 1,000 1,948
TOMONY Holdings, Inc. 2,000 7,382
TonenGeneral Sekiyu KK 2,000 24,693
Topcon Corp. 1,700 8,993
Toppan Forms Company, Ltd. 800 6,954
Toppan Printing Company, Ltd. 5,000 39,433
Topre Corp. 1,100 8,807

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Toray Industries, Inc. 6,000 $ 43,028
Torishima Pump Manufacturing Company, Ltd. 200 2,969
Toshiba Corp. 16,000 78,288
Toshiba Machine Company, Ltd. 3,000 15,997
Toshiba Plant Systems & Services Corp. 1,000 11,313
Toshiba TEC Corp. 1,000 4,448
Tosoh Corp. 5,000 17,973
Toto, Ltd. 2,000 15,917
Toyo Electric Manufacturing Company, Ltd. 1,000 4,749
Toyo Engineering Corp. 1,000 3,847
Toyo Seikan Kaisha, Ltd. 600 9,839
Toyobo Company, Ltd. 10,000 14,319
Toyoda Gosei Company, Ltd. 600 12,359
Toyota Motor Corp. 6,000 481,500
Toyota Tsusho Corp. 2,000 32,989
Trend Micro, Inc. 500 13,202
TS Tech Company, Ltd. 300 5,262
Tsubakimoto Chain Company, Ltd. 1,000 5,133
Tsumura & Company, Ltd. 400 12,551
Tsuruha Holdings, Inc. 300 13,615
Tsurumi Manufacturing Company, Ltd. 1,000 7,554
Ube Industries, Ltd. 9,000 28,673
ULVAC, Inc. 300 7,083
Unicharm Corp. 600 21,689
Unihair Company, Ltd. (I) 200 2,313
Union Tool Company, Ltd. 100 2,337
Unitika, Ltd. (I) 1,000 798
UNY Company, Ltd. 2,000 18,513
Ushio, Inc. 1,400 27,384
USS Company, Ltd. 210 16,334
Valor Company, Ltd. 1,000 9,807
Vital KSK Holdings, Inc. 1,200 9,752
Wacoal Corp. 1,000 12,599
West Japan Railway Company, Ltd. 9 34,441
Xebio Company, Ltd. 500 8,949
Yahoo! Japan Corp. 74 26,476
Yakult Honsha Company, Ltd. 500 12,780
Yamada Denki Company, Ltd. 470 31,295
Yamagata Bank, Ltd. 1,000 4,989
Yamaguchi Financial Group, Inc. 2,000 18,514
Yamaha Corp. 1,700 19,130
Yamaha Motor Company, Ltd. (I) 2,600 44,935
Yamanashi Chuo Bank, Ltd. 3,000 14,571
Yamatake Corp. 600 14,701
Yamato Kogyo Company, Ltd. 300 9,990
Yamato Transport Company, Ltd. 3,000 46,526
Yamazaki Baking Company, Ltd. 1,000 11,649
Yaskawa Electric Corp. 3,000 35,561
Yasuda Warehouse Company, Ltd. 1,000 5,847
Yokogawa Bridge Corp. 1,000 7,336
Yokogawa Electric Corp. (I) 1,800 13,720
Yokohama Reito Company, Ltd. 1,000 6,793
Yuasa Trading Company, Ltd. 7,000 8,836
Yushiro Chemical Industry Company, Ltd. 500 6,678
Zenrin Company, Ltd. 500 5,320
Zensho Company, Ltd. 700 6,943
Zeria Pharmaceutical Company, Ltd. 1,000 11,921
Zuken, Inc. 900 6,990
 
    15,062,378
Jersey, C.I. - 0.03%    
Atrium European Real Estate, Ltd. 951 5,965
DHT Holdings, Inc. 900 4,329
WPP PLC, ADR 1,300 80,288
 
    90,582

 

107

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Luxembourg - 0.09%    
Altisource Portfolio Solutions SA (I) 600 $ 18,408
Aperamaperam 208 8,357
ArcelorMittal 4,165 150,912
Brait SA 2,771 7,688
Evraz Group SA (I) 714 28,346
Oriflame Cosmetics SA 91 4,712
Regus PLC 6,222 11,472
SES SA 1,361 35,051
Tenaris SA 1,200 59,352
 
    324,298
Malaysia - 0.27%    
Aeon Company (M) BHD 3,500 6,865
AirAsia BHD (I) 12,600 11,152
Alliance Financial Group BHD 11,800 12,340
AMMB Holdings BHD 15,200 32,539
Asiatic Development BHD 4,400 11,610
Axiata Group BHD (I) 12,400 19,591
Bandar Raya Developments BHD 9,200 6,654
Batu Kawan BHD 600 3,017
Berjaya Corp. BHD 1,610 346
Berjaya Corp. BHD (Kuala Lumpur Exchange) 16,100 6,049
Berjaya Sports Toto BHD 3,642 5,118
British American Tobacco Malaysia BHD 800 12,684
Bursa Malaysia BHD 3,900 10,723
Commerce Asset Holdings BHD 15,400 41,656
Dialog Group BHD 26,132 19,985
Digi.Com BHD 1,100 10,392
DRB-Hicom BHD 17,200 13,071
Fraser & Neave Holdings BHD 2,100 10,834
Gamuda BHD 12,700 16,195
Genting BHD 10,800 39,307
Guinness Anchor BHD 1,000 3,178
Hong Leong Bank BHD 2,800 9,111
Hong Leong Credit BHD 3,700 10,998
IGB Corp. BHD 15,756 11,226
IJM Corp. BHD 6,200 13,105
IJM Land BHD 10,100 9,177
IJM Plantations BHD 6,600 6,431
IOI Corp. BHD 16,853 32,017
Keck Seng BHD 7,500 10,281
Kencana Petroleum BHD 17,200 14,859
KLCC Property Holdings BHD 7,300 8,044
KNM Group BHD 2,100 1,916
Kuala Lumpur Kepong BHD 2,600 18,204
Kulim Malaysia BHD 12,400 13,621
Lafarge Malayan Cement BHD 1,200 2,931
Lion Industries Corp. BHD 17,400 10,327
LPI Capital BHD 400 1,812
Malayan Banking BHD 18,851 55,720
Malaysia Airports Holdings 3,300 6,632
Malaysian Airline System BHD (I) 15,200 9,220
Malaysian Bulk Carriers BHD 7,700 7,063
Malaysian Resources Corp. BHD 27,150 19,682
Media Prima BHD 14,100 11,960
MISC BHD 6,240 16,202
MMC Corp. BHD 10,200 9,316
Mulpha International BHD (I) 53,500 9,345
Nestle Malaysia BHD 900 13,906
Parkson Holdings BHD 5,712 10,737
Petronas Dagangan BHD 3,500 19,074
Petronas Gas BHD 2,500 9,446
PLUS Expressways BHD 10,000 14,786
PPB Group BHD 3,600 20,219
Proton Holdings BHD 5,500 6,430

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Malaysia (continued)    
Resorts World BHD 19,800 $ 24,025
RHB Capital BHD 5,200 14,718
Samling Global, Ltd. 8,000 820
SapuraCrest Petroleum BHD 12,900 15,980
Shell Refining Company Federation of    
Malaya BHD 2,800 9,976
Sime Darby BHD 9,700 29,595
SP Setia BHD 10,400 21,639
Sunway City BHD 7,700 11,409
TA Ann Holdings BHD 6,360 14,020
TAN Chong Motor Holdings BHD 2,300 3,687
Telekom Malaysia BHD 8,300 11,076
Tenaga Nasional BHD 8,750 18,046
Top Glove Corp. BHD 5,200 9,230
UEM Land Holdings BHD (I) 28,333 26,504
UMW Holdings BHD 7,700 18,714
Unisem M BHD 18,850 11,866
United Plantations BHD 2,400 13,540
Wah Seong Corp. BHD 10,184 7,090
YTL Cement BHD 800 1,286
YTL Corp. BHD 6,732 16,520
YTL Power International BHD 13,100 9,951
 
    996,796
Marshall Islands - 0.00%    
Genco Shipping & Trading, Ltd. (I) 600 6,462
Mexico - 0.36%    
Alfa SAB de CV 2,600 33,658
Alsea SAB de CV 5,300 5,681
America Movil SAB de CV, Series L 6,346 18,455
America Movil SAB de CV, Series L, ADR 3,047 177,031
Axtel SAB de CV (I) 14,800 8,673
Bolsa Mexicana de Valores SAB de CV 5,700 12,000
Carso Infraestructura y Construccion    
SAB de CV (I) 10,100 6,453
Cemex SAB de CV, SADR (I) 10,602 94,674
Cia Minera Autlan SAB de CV (I) 400 1,214
Coca-Cola Femsa SAB de CV, SADR 200 15,398
Compartamos SAB de CV (I) 16,800 30,268
Consorcio ARA SAB de CV 6,000 3,687
Controladora Comercial Mexicana    
SAB De CV (I) 7,700 12,591
Corp Moctezuma SAB de CV 4,100 10,169
Corporacion GEO SAB de CV (I) 12,300 34,497
Desarrolladora Homex SAB de CV (I) 2,400 10,944
El Puerto de Liverpool SAB de CV 1,200 8,777
Embotelladoras Arca SAB de CV 4,800 27,841
Empresas ICA SAB de CV (I) 8,100 18,428
Fomento Economico Mexicano SAB de CV 1,100 64,570
Genomma Lab Internacional SA de CV (I) 3,800 8,594
Gruma SAB de CV, SADR (I) 200 1,670
Grupo Aeroportuario del Pacifico SA    
de CV, Series B 900 3,847
Grupo Aeroportuario del Pacifico SAB de CV 900 38,241
Grupo Aeroportuario del Sureste SAB    
de CV, ADR 300 17,631
Grupo Bimbo SA de CV 2,900 24,588
Grupo Carso SAB de CV 5,300 17,471
Grupo Continential SA de CV 8,200 27,714
Grupo Elektra SA de CV 460 19,878
Grupo Financiero Banorte SAB de CV 13,100 61,676
Grupo Financiero Inbursa SA 6,500 29,930
Grupo Herdez Sab de CV 2,700 5,448
Grupo Mexico SAB de CV, Series B 28,049 105,174
Grupo Modelo SA 4,000 24,045

 

108

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Mexico (continued)    
Grupo Televisa SA, SADR (I) 2,300 $ 56,419
Impulsora Del Desarrollo Y El Empleo en    
America Latina SAB de CV (I) 13,100 20,705
Industrias CH SAB de CV (I) 2,500 10,295
Industrias Penoles SA de CV 590 21,704
Inmuebles Carso SAB de CV, Class B1 (I) 5,300 5,819
Kimberly-Clark de Mexico SA de CV 3,000 18,662
Megacable Holdings SAB de CV (I) 7,800 18,034
Mexichem SAB de CV 3,700 13,905
Minera Frisco SAB de CV, Class A1 (I) 5,300 23,224
Organizacion Soriana SAB de CV 5,100 18,008
Promotora y Operadora de Infraestructura    
SAB de CV (I) 3,700 15,644
Telefonos de Mexico SAB de CV 1,500 27,390
TV Azteca SA de CV 15,400 10,733
Urbi Desarrollos Urbanos SAB de CV (I) 6,600 15,342
Wal-Mart de Mexico SA de CV, Series V 20,700 62,129
 
    1,318,929
Netherlands - 0.96%    
Aalberts Industries NV 526 12,485
Accell Group NV 71 3,709
Aegon NV (I) 11,893 89,104
Akzo Nobel NV 1,812 124,658
Arcadis NV 845 20,427
ASM International NV (I) 1,150 45,348
ASML Holding NV 1,961 86,493
Beter Bed Holding NV 234 6,991
BinckBank NV 387 6,742
Brunel International NV 442 20,837
CSM 40 1,415
Delta Lloyd NV 234 6,224
Exact Holdings NV 78 2,474
Fugro NV 655 57,697
Grontmij NV 287 6,261
Heineken NV 1,509 82,453
Hunter Douglas NV 39 1,990
Imtech NV 437 16,224
ING Groep NV (I) 12,448 157,993
ING Groep NV SADR (I)(L) 7,242 92,046
James Hardie Industries NV (I) 700 21,777
Kardan Nvkardan NV (I) 1,564 8,861
Koninklijke (Royal) KPN NV 6,741 114,953
Koninklijke Ahold NV 7,632 102,378
Koninklijke BAM Groep NV 2,400 18,492
Koninklijke Boskalis Westinster NV 407 21,520
Koninklijke DSM NV 1,042 63,987
Koninklijke Philips Electronics NV 6,370 203,461
Koninklijke Ten Cate NV 390 15,983
Koninklijke Vopak NV 407 19,605
Mediq NV 320 6,392
Nutreco Holding NV 460 33,725
Ordina NV (I) 210 1,169
Randstad Holdings NV 1,047 58,268
Reed Elsevier NV 3,809 49,070
Royal Dutch Shell PLC, ADR, Class B 20,500 1,501,420
SBM Offshore NV (I) 1,218 35,436
Sligro Food Group NV 122 4,117
SNS REAAL NV (I) 1,920 10,879
Telegraaf Media Groep NV 304 6,272
TKH Group NV (I) 170 4,900
TNT NV 1,760 45,213
TomTom NV (I) 237 2,113
Unilever NV 5,948 186,765
Unit 4 Agresso NV 323 10,994

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Netherlands (continued)    
USG People NV (I) 965 $ 19,954
Van der Moolen Holding NV (I) 1,420 20
Vimpelcom, Ltd., ADR 2,700 38,124
VistaPrint NV (I) 500 25,950
Wavin NV (I) 158 2,440
Wolters Kluwer NV 2,215 51,857
X5 Retail Group NV, GDR (I) 473 19,914
 
    3,547,580
New Zealand - 0.05%    
Auckland International Airport, Ltd. 13,117 22,166
Contact Energy, Ltd. (I) 2,393 10,627
Fisher & Paykel Healthcare Corp. 6,757 16,206
Fletcher Building, Ltd. 5,083 36,221
Freightways, Ltd. 4,613 11,473
New Zealand Refining Company, Ltd. 3,262 12,151
Nuplex Industries, Ltd. 4,080 9,649
Sky City Entertainment Group, Ltd. 8,173 21,072
Sky Network Television, Ltd. 4,694 20,127
Telecom Corp. of New Zealand, Ltd. 3,933 6,047
Tower, Ltd. 14,954 21,353
TrustPower, Ltd. 2,008 11,031
Vector, Ltd. 1,058 2,018
 
    200,141
Norway - 0.21%    
ABG Sundal Collier Holding ASA 5,096 7,005
Aker ASA, Series A 250 7,699
Aker Solutions ASA (I) 700 16,071
BW Offshore, Ltd. (I) 2,640 7,063
Cermaq ASA (I) 1,000 17,681
Copeinca ASA 1,400 13,097
DnB NOR ASA 5,320 81,631
DNO International ASA (I) 4,000 6,517
DOF ASA (I) 400 4,038
Ekornes ASA 233 6,230
Eltek ASA (I) 1,541 1,588
Ementor ASA 1,060 11,922
Farstad Shipping ASA 96 3,179
Marine Harvest 44,000 54,627
Norsk Hydro ASA (L) 6,063 49,695
Norske Skogindustrier ASA (I) 3,500 11,330
Norwegian Air Shuttle ASA (I) 300 5,828
Norwegian Energy Company AS (I) 1,197 3,133
Opera Software ASA 1,998 10,616
Orkla ASA 4,452 43,197
Petroleum Geo-Services ASA (I) 3,109 49,755
Renewable Energy Corp. ASA (I) 3,561 12,486
Schibsted ASA 400 11,759
Sevan Marine ASA (I) 12,791 14,000
Songa Offshore SE (I) 400 2,583
Sparebanken Midt-Norge ASA 672 6,085
StatoilHydro ASA, SADR 4,800 132,672
Storebrand ASA 3,919 33,639
Telenor ASA 3,579 58,899
TGS Nopec Geophysical Company ASA 1,000 26,811
Tomra Systems ASA 800 6,530
Veidekke ASA 501 4,596
Wilh Wilhelmsen Holding ASA, Class A 150 4,567
Yara International ASA 835 42,305
 
    768,834
Papua New Guinea - 0.01%    
Oil Search, Ltd. 6,602 48,584

 

109

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Peru - 0.04%    
Compania de Minas Buenaventura SA, ADR 400 $ 17,188
Credicorp, Ltd., ADR 963 101,048
Hochschild Mining PLC 2,602 26,844
 
    145,080
Philippines - 0.05%    
Aboitiz Equity Ventures, Inc. 38,000 35,990
Bank of the Philippine Islands 11,494 15,154
Belle Corp. (I) 72,000 9,430
Energy Development Corp. (I) 82,000 11,350
First Philippine Holdings Corp. 6,300 8,328
Globe Telecommunications, Inc. 330 6,777
International Container Terminal Services, Inc. 17,000 16,367
Jollibee Foods Corp. 6,100 12,249
Manila Electric Company 2,470 14,672
Manila Water Company, Inc. 20,200 8,452
Philippine Long Distance Telephone    
Company, SADR 200 10,700
Philippine National Bank (I) 6,050 7,799
Robinsons Land Corp. 24,500 6,499
SM Investments Corp. 1,060 12,672
Universal Robina Corp. 27,000 21,023
 
    197,462
Poland - 0.12%    
Amrest Holdings SE (I) 371 9,963
Asseco Poland SA PDA 707 13,415
Bank Pekao SA 521 31,231
Bank Zachodni WBK SA 124 9,904
BRE Bank SA (I) 346 41,847
Ciech SA (I) 754 7,127
Echo Investment SA (I) 5,340 9,210
Emperia Holding SA 242 9,611
Eurocash SA 153 1,680
Firma Oponiarska Debica SA 320 6,990
Getin Holding SA (I) 6,826 34,117
Grupa Lotos SA (I) 726 11,281
ING Bank Slaski SA (I) 79 24,876
KGHM Polska Miedz SA 956 60,625
Kredyt Bank SA (I) 1,216 7,312
Mondi Packaging Paper Swiecie SA (I) 344 9,698
NG2 SA 20 420
Orbis SA (I) 719 10,099
PBG SA 86 5,692
Polimex-Mostostal SA 26 32
Polish Oil & Gas Company 5,354 7,086
Polnord SA 395 4,310
Polska Grupa Energetyczna SA 386 3,113
Polski Koncern Naftowy Orlen SA (I) 2,732 50,618
Powszechna Kasa Oszczednosci    
Bank Polski SA 2,371 36,500
Telekomunikacja Polska SA 2,522 15,619
TVN SA 1,226 7,828
Zaklad Przetworstwa    
Hutniczego Stalprodukt SA 49 4,816
 
    435,020
Portugal - 0.06%    
Banco BPI SA (I) 4,926 8,575
Banco Comercial Portugues SA (L) 14,928 12,188
Banco Espirito Santo SA 3,710 15,200
Brisa Auto Estrada SA 957 6,473
Cimpor-Cimentos de Portugal SA 2,492 18,064
Electricidade de Portugal SA 6,374 24,843
Galp Energia SGPS SA 918 19,667
Jeronimo Martins SGPS SA 2,306 37,092

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Portugal (continued)    
Mota Engil (I) 444 $ 1,144
Portucel - Empresa Produtora de Pasta    
e Papel SA 3,115 10,940
Portugal Telecom SGPS SA 3,223 37,272
Redes Energeticas Nacionais SA (I) 2,238 7,942
Semapa-Sociedade de Investimento & Gestao 1,179 14,098
Sonae 3,327 3,890
Sonae Industria SGPS SA (I) 2,576 5,791
Zon Multimedia SA 2,647 13,897
 
    237,076
Puerto Rico - 0.01%    
First BanCorp/Puerto Rico (I) 133 665
Oriental Financial Group, Inc. 500 6,275
Popular, Inc. (I) 12,511 36,407
Triple-S Management Corp., Class B (I) 400 8,232
 
    51,579
Russia - 0.31%    
CTC Media, Inc. 1,500 35,355
Gazprom Neft, SADR 1,054 27,773
Gazprom OAO, SADR (I) 1,818 58,794
Gazprom OAO, SADR (London Exchange) (I) 13,069 423,555
JSC MMC Norilsk Nickel, ADR 3,137 82,942
Lukoil OAO 2,643 189,524
Magnitogorsk Iron & Steel Works (I) 911 13,328
MMC Norilsk Nickel, ADR 1,520 40,140
Novolipetsk Steel, ADR 400 17,600
PIK Group, GDR (I) 572 2,568
Polymetal, GDR (I) 1,050 19,845
Rosneft Oil Company, GDR (I) 960 8,781
Rosneft Oil Company, GDR 5,147 46,912
RusHydro, ADR (I) 6,230 31,150
Severstal, ADR 1,000 19,610
Surgutneftegaz, ADR 420 4,540
Surgutneftegaz, SADR 3,050 33,198
TMK OAO, GDR (I) 600 12,654
Uralkali, GDR 150 6,200
Uralkali, SADR 599 24,864
VTB Bank OJSC, Common Shares, GDR 3,000 21,000
VTB Bank OJSC, GDR 1,125 7,884
 
    1,128,217
Singapore - 0.37%    
Allgreen Properties, Ltd. 11,000 9,437
Asia Food & Properties, Ltd. (I) 9,000 2,496
Bukit Sembawang Estates, Ltd. 2,000 6,777
Capitaland, Ltd. (I) 15,000 39,307
CapitaMalls Asia, Ltd. 3,000 4,239
China Aviation Oil Singapore Corp., Ltd. 8,000 8,512
City Developments, Ltd. 4,000 36,623
ComfortDelGro Corp., Ltd. 6,000 7,429
Cosco Corp. Singapore, Ltd. 10,000 16,218
CSE Global, Ltd. 12,000 11,984
DBS Group Holdings, Ltd. 9,290 108,018
Ezra Holdings, Ltd. 2,400 3,345
First Resources, Ltd. 11,000 11,488
Fragrance Group, Ltd. 29,000 9,901
Fraser and Neave, Ltd. 7,000 33,402
Genting Singapore PLC (I) 25,000 40,575
Golden Agri-Resources, Ltd. 58,000 31,675
Guocoland, Ltd. 4,000 7,733
Ho Bee Investment, Ltd. 7,000 7,877
Hong Leong Asia, Ltd. 3,000 6,693
Hotel Properties, Ltd. 2,000 3,955
Hyflux, Ltd. 6,000 10,261

 

110

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Singapore (continued)    
Indofood Agri Resources, Ltd. (I) 4,000 $ 7,058
Jardine Cycle and Carriage, Ltd. 1,000 28,964
Jaya Holdings, Ltd. (I) 8,000 3,430
K-Green Trust 1,400 1,143
Keppel Corp., Ltd. 7,000 68,359
Keppel Land, Ltd. 7,177 25,517
Kim Eng Holdings, Ltd. 4,000 9,681
Metro Holdings, Ltd. 10,000 6,512
Midas Holdings, Ltd. 12,000 7,161
MobileOne, Ltd. 6,000 11,475
Neptune Orient Lines, Ltd. 7,000 10,748
Oceanus Group, Ltd. (I) 21,000 4,336
Olam International, Ltd. 7,000 15,517
Orchard Parade Holdings, Ltd. 9,000 10,477
Osim International, Ltd. 8,000 10,188
Otto Marine, Ltd. 14,000 2,781
Oversea-Chinese Banking Corp., Ltd. 13,120 99,778
Raffles Education Corp., Ltd. (I) 7,333 4,549
Raffles Medical Group, Ltd. 7,000 12,428
SembCorp Industries, Ltd. 7,000 28,954
SembCorp Marine, Ltd. 4,000 18,547
Sia Engineering Company, Ltd. 3,000 9,641
Singapore Airlines, Ltd. 3,000 32,500
Singapore Airport Terminal Services, Ltd. 3,920 7,805
Singapore Exchange, Ltd. 5,000 31,156
Singapore Post, Ltd. 21,000 19,325
Singapore Press Holdings, Ltd. 11,000 34,401
Singapore Technologies Engineering, Ltd. 5,000 12,915
Singapore Telecommunications, Ltd. 11,000 26,368
Singapore Telecommunications, Ltd. 33,000 79,104
SMRT Corp., Ltd. 9,000 13,502
StarHub, Ltd. 6,000 12,854
Straits Asia Resources, Ltd. 8,000 15,892
Swiber Holdings, Ltd. (I) 6,000 3,882
Tat Hong Holdings, Ltd. 9,000 5,822
United Industrial Corp, Ltd. (I) 5,000 11,258
United Overseas Bank, Ltd. 8,068 120,321
UOL Group, Ltd. 5,000 18,812
Venture Corp., Ltd. (I) 2,000 15,260
Wheelock Properties, Ltd. 7,000 10,500
Wilmar International, Ltd. 10,000 43,394
Wing Tai Holdings, Ltd. 4,000 4,859
Yangzijiang Shipbuilding Holdings, Ltd. 14,000 20,119
Yanlord Land Group, Ltd. 7,000 8,393
Yongnam Holdings, Ltd. 43,000 9,194
 
    1,372,825
South Africa - 0.53%    
ABSA Group, Ltd. 1,681 33,907
Adcock Ingram Holdings, Ltd. 524 4,301
Adcorp Holdings, Ltd. 858 3,519
Advtech, Ltd. 11,287 9,012
Afgri, Ltd. 8,620 8,722
African Bank Investments, Ltd. 6,694 37,491
African Oxygen, Ltd. 1,477 3,933
African Rainbow Minerals, Ltd. 987 32,474
Allied Technologies, Ltd. 499 4,205
Anglo Platinum, Ltd. 276 28,391
AngloGold Ashanti, Ltd. (L) 1,100 52,745
Aspen Pharmacare Holdings, Ltd. (I) 2,184 25,492
Astral Foods Ltdastral Foods Ltd. 425 7,756
Aveng, Ltd. 2,595 13,689
AVI, Ltd. 4,242 18,807
Barloworld, Ltd. 2,065 22,780
Bidvest Group, Ltd. 1,720 37,831

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Africa (continued)    
Blue Label Telecoms, Ltd. 3,672 $ 3,260
Capitec Bank Holdings, Ltd. 330 8,197
City Lodge Hotels, Ltd. 313 3,117
Clicks Group, Ltd. 2,382 14,964
Coronation Fund Managers, Ltd. 4,050 10,641
DataTec, Ltd. 2,172 11,903
Discovery Holdings, Ltd., ADR 3,521 19,822
Drdgold, Ltd. 8,960 4,494
Eqstra Holdings, Ltd. (I) 4,732 4,535
FirstRand, Ltd. 13,261 39,401
Foschini, Ltd. 2,097 26,212
Gold Fields, Ltd. 4,248 74,170
Great Basin Gold, Ltd. (I)(L) 5,000 13,151
Grindrod, Ltd. 3,074 6,742
Group Five, Ltd. 927 3,746
Growthpoint Properties, Ltd. 1,824 4,662
Harmony Gold Mining Company, Ltd. (L) 2,600 38,662
Illovo Sugar, Ltd. 1,857 7,377
Impala Platinum Holdings, Ltd. 2,297 66,293
Imperial Holdings, Ltd. 1,333 22,499
Investec, Ltd. 1,608 12,551
JD Group, Ltd. 2,907 20,795
JSE, Ltd. 219 2,266
Kumba Iron Ore, Ltd. 515 36,341
Kumba Resources, Ltd. 1,225 29,888
Lewis Group, Ltd. 1,301 14,325
Liberty Holdings, Ltd. 983 10,332
Life Healthcare Group Holdings, Ltd. 3,407 8,000
Massmart Holdings, Ltd. 1,182 24,451
Medi-Clinic Corp., Ltd. 2,345 10,060
Metorex, Ltd. (I) 6,897 6,604
Mittal Steel South Africa, Ltd. 1,545 20,558
MMI Holdings, Ltd. 6,005 14,791
Mondi, Ltd. 1,967 19,274
MTN Group, Ltd. 5,831 117,674
Murray & Roberts Holdings, Ltd. 3,011 11,803
Mvelaphanda Group, Ltd. (I) 10,184 4,819
Mvelaserve, Ltd. (I) 2,549 4,440
Nampak, Ltd. 4,542 14,750
Naspers, Ltd., SADR 1,832 98,277
Nedbank Group, Ltd. 1,217 25,463
Netcare, Ltd. 10,169 21,789
Northam Platinum, Ltd. 2,901 18,820
Palabora Mining Company, Ltd. 99 2,042
Peregrine Holdings, Ltd. 3,334 5,323
Pick’n Pay Stores, Ltd. 1,977 13,463
Pioneer Foods, Ltd. (I) 571 4,646
Pretoria Portland Cement Company, Ltd. 4,312 15,297
PSG Group, Ltd. 717 4,113
Raubex Group, Ltd. 1,042 2,812
Reunert, Ltd. 873 7,563
Sanlam, Ltd. 16,519 67,317
Santam Ltdsantam Ltd. 141 2,650
Sappi, Ltd., SADR (I) 3,600 19,116
Sasol, Ltd. 2,900 168,055
Shoprite Holdings, Ltd. 2,385 36,544
Spar Group, Ltd. 1,244 17,455
Standard Bank Group, Ltd. 4,967 76,293
Steinhoff International Holdings, Ltd. (I) 11,390 42,371
Sun International, Ltd. 1,358 18,180
Super Group, Ltd. (I) 127,245 13,905
Telkom SA, Ltd., SADR 800 17,376
Tiger Brands, Ltd. 1,427 36,892
Tongaat Hulet, Ltd. 519 7,476
Trencor, Ltd. 1,264 7,019

 

111

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Africa (continued)    
Truworths International, Ltd. 3,324 $ 34,605
Vodacom Group, Ltd. 2,021 23,712
Wilson Bayly Holmes-ovcon, Ltd. 130 2,071
Woolworths Holdings, Ltd. 7,995 33,010
 
    1,956,280
South Korea - 1.09%    
Amorepacific Corp. 25 23,816
Asiana Airlines, Inc. (I) 2,380 21,566
Binggrae Company, Ltd. 207 12,234
BS Financial Group, Inc. (I) 490 7,102
Cheil Communications, Inc. 1,250 16,508
Cheil Industries, Inc. 410 43,475
CJ CGV Company, Ltd. 460 10,865
CJ CheilJedang Corp. 103 21,580
CJ Corp. 119 7,965
Daeduck Electronics Company, Ltd. 1,390 12,976
Daegu Bank 910 14,918
Daelim Industrial Company, Ltd. 217 21,122
Daewoo Engineering &    
Construction Company, Ltd. (I) 510 5,624
Daewoo International Corp. 296 10,011
Daewoo Securities Company, Ltd. (I) 1,300 26,486
Daewoo Shipbuilding & Marine    
Engineering Company, Ltd. 1,180 36,719
Daishin Securities Company, Ltd. 870 11,682
Daou Technology, Inc. 1,190 10,194
Dong-A Pharmaceutical Company, Ltd. 45 4,593
Dongbu HiTek Company, Ltd. (I) 950 13,999
Dongbu Insurance Company, Ltd. 320 14,595
Dongkuk Steel Mill Company, Ltd. 690 24,804
Dongyang Mechatronics Corp. 810 12,525
Doosan Corp. 64 8,343
Doosan Heavy Industries and    
Construction Company, Ltd. 191 12,223
Doosan Infracore Company, Ltd. (I) 830 23,070
Duzonbizon Company, Ltd. (I) 520 5,726
Eugene Investment &    
Securities Company, Ltd. (I) 7,730 4,449
GS Engineering & Construction Corp. 154 16,215
GS Holdings Corp. 500 42,525
Halla Engineering & Construction Corp. 560 10,689
Hana Financial Group, Inc. 1,410 61,123
Handsome Company, Ltd. 480 9,111
Hanil Cement Manufacturing Company, Ltd. 146 7,494
Hanjin Heavy Industries &    
Construction Company, Ltd. (I) 414 12,341
Hanjin Heavy Industries & Construction    
Holdings Company, Ltd. 120 1,376
Hanjin Shipping Company, Ltd. 581 18,088
Hanjin Shipping Holdings Company, Ltd. 98 1,410
Hanjin Transportation Company, Ltd. 140 3,695
Hankook Tire Company, Ltd. 830 27,085
Hanmi Pharm Company, Ltd. (I) 17 1,355
Hanmi Pharm Company, Ltd. (I) 5 155
Hansol LCD, Inc. 175 7,911
Hansol Paper Company, Inc. 970 7,602
Hanwha Chemical Corp. 1,330 52,382
Hanwha Corp. 530 24,410
Hanwha General Insurance Company, Ltd. (I) 1,210 11,306
Hanwha Securities Company, Ltd. (I) 1,080 7,272
Hite Brewery Company, Ltd. 40 3,956
Hite Holdings Company, Ltd. 51 813
Honam Petrochemical Corp. 201 70,875
Hotel Shilla Company, Ltd. 460 10,714

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Huchems Fine Chemical Corp. 244 $ 5,583
Hwa Shin Company, Ltd. 830 11,512
Hynix Semiconductor, Inc. 2,070 58,929
Hyosung Corp. 255 20,426
Hyundai Department Store Company, Ltd. 157 20,302
Hyundai Development Company 290 8,420
Hyundai Engineering &    
Construction Company, Ltd. 280 20,178
Hyundai H & S Company, Ltd. 990 10,995
Hyundai Heavy Industries Company, Ltd. 168 79,214
Hyundai Hysco Company, Ltd. 300 8,695
Hyundai Marine & Fire    
Insurance Company, Ltd. 450 12,553
Hyundai Merchant Marine Company, Ltd. 994 31,106
Hyundai Mipo Dockyard Company, Ltd. 154 26,253
Hyundai Mobis 265 79,160
Hyundai Motor Company, Ltd. 792 147,004
Hyundai Securities Company, Ltd. (I) 1,170 14,049
Hyundai Steel Company 412 52,501
Industrial Bank of Korea 1,290 22,178
Jeonbuk Bank, Ltd. 460 2,849
Jinro, Ltd. 170 5,568
Kangwon Land, Inc. 910 21,180
KB Financial Group, Inc., ADR 1,600 83,472
KCC Corp. 56 18,542
Kia Motors Corp. 1,680 106,019
KISCO Corp. 35 988
KISCO Holdings Company, Ltd. 10 392
Kiwoom Securities Company, Ltd. (I) 141 7,617
Kolon Corp. 64 1,710
Kolon Industries, Inc. 208 13,918
Korea Electric Power Corp., SADR (I) 2,200 26,928
Korea Exchange Bank 1,880 16,596
Korea Gas Corp. 342 11,402
Korea Investment Holdings Company, Ltd. (I) 460 17,571
Korea Kumho Petrochemical Company, Ltd. 90 12,247
Korea Line Corp. (I) 165 1,435
Korea Zinc Company, Ltd. 68 24,694
Korean Air Lines Company, Ltd. 473 28,231
Korean Reinsurance Company, Ltd. 367 4,278
KP Chemical Corp. 820 20,166
KT Corp. SADR 1,300 25,389
KT&G Corp. 800 41,613
KTB Network Corp. (I) 2,310 8,514
Kumho Industrial Company, Ltd. (I) 33 381
LG Chem, Ltd. 208 87,137
LG Corp. 666 49,597
LG Display Company, Ltd. 310 9,706
LG Display Company, Ltd., ADR 2,900 45,617
LG Electronics, Inc. 539 51,502
LG Fashion Corp. Ltd. 280 7,555
LG Hausys, Ltd. 28 1,904
LG Household & Health Care, Ltd. 46 17,251
LG Innotek Company, Ltd. 123 13,040
LG International Corp. 310 11,944
LG Life Sciences, Ltd. (I) 173 7,258
LG Uplus Corp. 3,270 18,452
Lotte Chilsung Beverage Company, Ltd. 10 9,792
Lotte Confectionery Company, Ltd. 5 6,832
Lotte Shopping Company, Ltd. 69 28,243
LS Cable, Ltd. 188 18,907
LS Industrial Systems Company, Ltd. 164 12,092
Macquarie Korea Infrastructure Fund 1,650 7,822
Meritz Fire & Marine    
Insurance Company, Ltd. 1,030 9,718

 

112

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Mirae Asset Securities Company, Ltd. (I) 306 $ 13,062
Namyang Dairy Products Company, Ltd. 17 11,626
NCSoft Corp. 135 30,832
Nexen Tire Corp. 1,090 13,339
NH Investment & Securities Company, Ltd. (I) 1,249 10,403
NHN Corp. (I) 235 40,997
Nong Shim Company, Ltd. 25 5,536
OCI Company, Ltd. 89 40,034
Orion Corp. 57 20,494
Pacific Corp. 43 7,742
Poongsan Corp. 230 9,676
POSCO, ADR 1,400 160,006
RNL BIO Company, Ltd. (I) 920 2,222
S&T Dynamics Company, Ltd. 570 9,197
S-Oil Corp. 290 39,873
S1 Corp. 180 9,234
Samchully Company, Ltd. 69 6,292
Samsung Card Company, Ltd. 400 20,224
Samsung Corp. 726 47,435
Samsung Electro-Mechanics Company, Ltd. 352 37,636
Samsung Electronics Company, Ltd. 456 386,861
Samsung Engineering Company, Ltd. 321 61,078
Samsung Fine Chemicals Company, Ltd. 232 16,876
Samsung Fire & Marine    
Insurance Company, Ltd. 254 56,102
Samsung Heavy Industries Company, Ltd. 810 29,463
Samsung SDI Company, Ltd. 287 43,876
Samsung Securities Company, Ltd. (I) 305 22,365
Samsung Techwin Company, Ltd. 124 9,013
Seah Besteel Corp. 440 19,788
SeAH Holdings Corp. 102 11,979
Shinhan Financial Group    
Company, Ltd., SADR 1,200 108,684
Shinsegae Company, Ltd. 164 38,989
SK Chemicals Company, Ltd. 103 6,036
SK Energy Company, Ltd. 408 77,833
SK Holdings Company, Ltd. 94 14,197
SK Networks Company, Ltd. 610 6,829
Sk Securities Company, Ltd. (I) 3,120 5,352
SK Telecom Company, Ltd. ADR 1,400 26,334
SKC Company, Ltd. 280 13,177
STX Corp. 410 10,083
STX Engine Company, Ltd. 440 10,810
STX Pan Ocean Company, Ltd. 870 7,852
STX Shipbuilding Company, Ltd. 430 9,467
Taekwang Industrial Company, Ltd. 5 5,926
Taihan Electric Wire Company, Ltd. (I) 484 2,239
Tong Yang Investment Bank (I) 370 2,653
Woongjin Coway Company, Ltd. 680 23,463
Woongjin Holdings Company, Ltd. (I) 780 6,325
Woongjin Thinkbig Company, Ltd. 440 6,729
Woori Finance Holdings Company, Ltd. 2,130 28,198
Woori Investment &    
Securities Company, Ltd. (I) 740 13,527
Young Poong Corp. 8 6,209
Youngone Holdings Company, Ltd. 130 3,882
Yuhan Corp. 106 14,301
 
    4,036,556
Spain - 0.64%    
Abengoa SA (I) 391 12,946
Abertis Infraestructuras SA 1,887 40,984
Acciona SA 190 20,644
Acerinox SA 1,123 22,160

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Spain (continued)    
ACS Actividades de Construccion    
y Servicios SA 813 $ 38,141
Antena 3 de Television SA (I) 49 456
Avanzit SA (I) 7,249 4,765
Banco Bilbao Vizcaya Argentaria SA 7,656 92,948
Banco Bilbao Vizcaya Argentaria SA, SADR 9,856 118,272
Banco de Sabadell SA 6,485 28,405
Banco de Valencia SA (I) 1,818 8,139
Banco Espanol De Credito SA 577 5,235
Banco Pastor SA 1,971 9,452
Banco Popular Espanol SA 6,845 40,244
Banco Santander SA (I) 23,377 272,451
Banco Santander SA, SADR (L) 18,813 220,488
Bankinter SA (L) 2,422 16,618
Baron de Ley SA (I) 66 4,347
Bolsas y Mercados Espanoles SA 488 14,866
Campofrio Alimentacion SA (I) 807 9,158
Cementos Portland Valderrivas SA 444 9,348
Cia Espanola de Petroleos SA 245 9,772
Construcciones & Auxiliar de Ferrocarriles SA 30 17,037
Criteria Caixacorp SA 5,307 37,470
Ebro Foods SA 858 20,155
EDP Renovaveis SA (I) 1,071 7,699
Enagas SA 1,409 31,779
Faes Farma SA 465 1,873
Ferrovial SA (I) 3,229 40,503
Fomento de Construcciones SA 276 9,149
Gamesa Corporacion Tecnologica SA (I) 1,540 15,993
Gas Natural SDG SA 1,744 32,750
Gestevision Telecinco SA 1,438 16,453
Grifols SA 1,108 19,338
Grupo Catalana Occidente SA (I) 291 6,430
Grupo Empresarial Ence SA (I) 783 2,922
Iberdrola Renovables SA 8,432 36,383
Iberdrola SA 19,622 170,666
Inditex SA 970 77,869
Indra Sistemas SA 937 18,800
La Seda de Barcelona SA (I) 10,618 1,188
Laboratorios Almirall SA 481 5,380
Mapfre SA 4,256 16,046
NH Hoteles SA (I) 580 3,935
Obrascon Huarte Lain SA 995 35,943
Papeles y Cartones de Europa SA (I) 2,191 13,177
Promotora de Informaciones SA (I) 515 1,505
Prosegur Cia de Seguridad SA (I) 240 14,298
Realia Business SA (I) 3,816 9,543
Red Electrica De Espana 660 37,489
Repsol YPF SA 3,554 121,956
Repsol YPF SA, SADR 800 27,560
Sol Melia SA 724 8,320
SOS Cuetara SA (I) 2,018 1,929
Tecnicas Reunidas SA 207 12,445
Telefonica SA 95 2,378
Telefonica SA, SADR 16,500 416,130
Tubos Reunidos SA (I) 599 1,968
Vidrala SA (I) 519 15,823
Viscofan SA 232 9,209
Vocento SA (I) 703 3,637
Zardoya Otis SA 1,160 19,257
Zeltia SA (I) 2,108 8,305
 
    2,350,529
Sweden - 0.69%    
AarhusKarlshamn AB 600 17,104
Active Biotech AB (I) 427 10,842

 

113

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Sweden (continued)    
AddTech AB 180 $ 5,395
Alfa Laval AB 2,028 44,014
Angpanneforeningen AB 518 10,341
Assa Abloy AB, Series B 2,028 58,303
Atlas Copco AB, Series A 2,339 62,183
Atlas Copco AB, Series B 1,570 37,962
Atrium Ljungberg AB, B Shares 157 2,163
Avanza Bank Holding AB 300 11,610
Axfood AB 100 3,726
Axis Communications AB 628 13,298
BE Group AB (I) 1,490 9,816
Beijer Alma AB 96 2,167
Bergman & Beving AB 25 450
Betsson Abbetsson AB (I) 583 12,881
Billerud Aktibolag AB 600 6,792
Boliden AB 2,677 57,539
Bure Equity AB (I) 284 1,546
Castellum Abcastellum AB 536 7,813
CDON Group AB (I) 496 2,686
Clas Ohlson AB 376 6,108
D Carnegie & Company AB (I) 700 0
Duni AB 351 3,932
Electrolux AB (L) 1,712 44,178
Elekta AB, Series B 1,152 46,066
Eniro AB (I) 889 3,402
Etrion Corp. (I) 662 613
Fabege Abfabege Ab 638 6,905
G & L Beijer AB 55 2,479
Getinge AB, Series B 1,295 32,003
Gunnebo AB 1,340 9,135
Hakon Invest AB 916 16,166
Haldex AB (I) 1,200 18,433
Hennes & Mauritz AB, B Shares 3,551 118,036
Hexagon AB (I) 2,346 55,974
Hexpol AB 75 1,762
HIQ International AB (I) 1,776 10,742
Hoganas AB 200 7,440
Holmen AB, Series B 626 21,641
Hufvudstaden Abhufvudstaden Ab-a Shs 503 5,990
Husqvarna AB, B Shares 3,585 30,778
Husqvarna AB, Series A 1,070 9,109
Industrial & Financial Systems AB (L) 1,400 24,848
Intrum Justitia AB 459 6,687
JM AB 800 21,300
Kungsleden Abkungsleden AB 220 2,160
Lindab International AB (I) 600 7,902
Loomis AB (I) 512 8,124
Lundin Petroleum AB (I) 2,903 41,628
Meda AB 2,924 28,154
Medivir AB (I) 250 5,545
Micronic Laser Systems AB (I) 2,274 6,683
Modern Times Group AB, B Shares 496 37,713
NCC AB 467 13,381
Net Entertainment Ne AB (I) 203 1,897
New Wave Group AB 1,015 8,742
Nibe Industrier AB 476 8,173
Nobia AB (I) 4,653 43,650
Nordea Bank AB (L) 18,930 207,282
Nordic Mines Ab (I) 784 8,050
PA Resources AB (I) 475 345
Peab AB 2,689 23,964
Proffice AB 1,892 10,372
Ratos AB 905 35,779
Rezidor Hotel Group AB (I) 1,181 7,445
Saab AB 662 14,443

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Sweden (continued)    
Sandvik AB 3,835 $ 72,504
Scania AB, Series B 725 16,837
Seco Tools AB 474 8,409
Securitas AB, Series B 2,105 25,066
Skandinaviska Enskilda Banken    
AB, Series A (L) 10,992 98,078
Skanska AB, Series B (L) 2,913 61,325
SKF AB 245 7,158
SKF AB, B Shares 1,824 53,122
SkiStar AB 355 6,117
SSAB AB, Series A 983 15,556
SSAB AB, Series B 470 6,513
Svenska Cellulosa AB (L) 4,426 71,209
Svenska Handelsbanken AB, Series A (L) 2,939 96,467
Sweco AB 449 4,623
Swedbank AB, Class A 5,160 88,328
Swedish Match AB 1,480 49,193
Swedish Orphan Biovitrum AB (I) 28 128
Systemair AB 211 3,377
Tele2 AB, Series B 2,152 49,822
Telefonaktiebolaget LM Ericsson 2,500 32,150
Telefonaktiebolaget LM Ericsson, A Shares 272 3,419
Telefonaktiebolaget LM Ericsson, B Shares 11,837 152,221
Teliasonera AB (L) 11,141 96,357
Trelleborg AB, Series B 821 8,425
Volvo AB, Series A 2,331 40,813
Volvo AB, Series B (L) 4,814 84,586
Wihlborgs Fastigheter Abwihlborgs    
Fastigheter Ab 361 10,749
 
    2,566,342
Switzerland - 1.44%    
ABB, Ltd. (I) 12,743 306,799
Actelion, Ltd. (I) 592 34,045
Adecco SA 842 55,455
AFG Arbonia-Forster Holding AG 54 2,071
Allreal Holding AG (I) 49 7,585
Aryzta AG 797 40,768
Ascom Holding AG 647 9,998
Bachem Holding AG 51 2,765
Baloise Holding AG 399 39,536
Bank Coop AG 219 16,091
Bank Sarasin & Compagnie AG 196 8,535
Banque Cantonale Vaudoise (I) 51 28,892
Barry Callebaut AG (I) 20 16,371
Basilea Pharmaceutica AG (I) 119 8,577
Basler Kantonalbank 42 6,406
Belimo Holding AG 4 8,709
Berner Kantonalbank 51 13,475
Bobst Group AG (I) 236 10,803
Bucher Industries AG 32 7,332
Burckhardt Compression Holding AG 4 1,260
Centralschweizerische Kraftwerke AG 13 4,618
Charles Voegele Holding AG (I) 176 12,960
Clariant AG (I) 3,320 59,878
Compagnie Financiere Richemont SA 3,171 183,109
Conzzeta Holding AG 4 9,485
Credit Suisse Group AG, SADR 6,000 255,480
Daetwyler Holding AG 23 2,099
Dufry Group AG (I) 120 13,803
EFG International (I) 308 4,574
EMS-Chemie Holding AG 77 14,367
Energiedienst Holding AG (I) 22 1,312
Flughafen Zuerich AG 27 11,255
Forbo Holding AG (I) 23 17,287

 

114

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Switzerland (continued)    
Galenica Holding AG 30 $ 18,498
GAM Holding, Ltd. (I) 1,213 23,048
Gategroup Holding Ag (I) 136 7,153
Geberit AG (I) 245 53,404
Georg Fischer AG (I) 30 16,860
Givaudan AG (I) 45 45,308
Gurit Heberlein AG (I) 16 11,383
Helvetia Patria Holding AG (I) 24 9,949
Holcim, Ltd. 1,535 115,597
Implenia AG (I) 111 3,733
Julius Baer Group, Ltd. (I) 1,593 69,149
Kaba Holding AG 47 19,618
Kudelski SA 786 14,348
Kuehne & Nagel International AG 323 45,188
Kuoni Reisen Holding AG (I) 39 17,969
LEM Holding SA 16 9,942
Lindt & Spruengli AG - REG 1 32,502
Logitech International SA (I) 1,458 26,286
Lonza Group AG (I) 368 30,830
Luzerner Kantonalbank AG 38 13,531
Micronas Semiconductor Holding AG (I) 1,672 17,188
Mobilezone Holding AG 918 10,990
Mobimo Holding AG (I) 62 14,291
Nestle SA 12,729 730,387
Nobel Biocare Holding AG (I) 548 11,360
Novartis AG, ADR 10,100 548,935
Orell Fuessli Holding AG 57 8,237
Panalpina Welttransport Holding AG (I) 188 23,445
Partners Group Holding AG 72 13,767
Petroplus Holdings AG (I) 805 12,708
Precious Woods Holding AG (I) 138 2,640
PSP Swiss Property AG (I) 76 6,259
PubliGroupe SA 25 3,279
Rieter Holding AG (I) 46 18,847
Roche Holdings AG 2,306 329,392
Roche Holdings AG CHF 100 16,380
Romande Energie Holding SA 8 13,770
Schindler Holding AG - REG 174 21,019
Schulthess Group AG (I) 116 6,636
Schweiter Technologies AG 25 18,520
Schweizerhall Holding AG (I) 47 4,237
Schweizerische National-Versicherungs-    
Gesellschaft AG 483 19,182
SGS SA 29 51,675
Sika AG 13 31,299
Sonova Holding AG 188 16,755
St. Galler Kantonalbank 37 19,136
Straumann Holding AG 53 13,626
Sulzer AG 175 26,375
Swatch Group AG 292 23,208
Swiss Life Holding (I) 221 36,528
Swiss Reinsurance Company, Ltd. (I) 2,687 153,796
Swisscom AG 131 58,408
Swisslog Holding AG (I) 10,748 10,534
Swissquote Group Holding SA (I) 142 8,512
Syngenta AG, ADR 2,500 162,925
Tamedia AG 61 7,712
TE Connectivity, Ltd. 2,000 69,640
Tecan Group AG (I) 62 4,896
Temenos Group AG (I) 448 16,965
The Swatch Group AG, BR Shares 205 90,600
Tyco International, Ltd. 1,829 81,884
UBS AG (Swiss Exchange) (I) 21,485 385,651
Unaxis Holding AG (I) 520 4,007
Valiant Holding AG 141 19,326

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Switzerland (continued)    
Valora Holding AG 66 $ 22,134
Vontobel Holding AG 286 11,056
WMH Walter Meier AG 28 7,645
Ypsomed Holding AG (I) 2 124
Zehnder Group AG 10 28,284
Zurich Financial Services AG (I) 1,130 316,375
 
    5,330,541
Taiwan - 0.86%    
Accton Technology Corp. 15,000 9,678
Acer, Inc. 12,287 25,080
Advanced Semiconductor Engineering, Inc. 30,797 33,568
Ali Corp. 8,000 9,874
Altek Corp. 4,080 5,594
AmTRAN Technology Company, Ltd. 9,444 7,971
Asia Cement Corp. 16,294 18,297
Asia Optical Company, Inc. (I) 5,000 9,783
Asia Polymer Corp. 8,000 13,801
Asia Vital Components Company Ltd. 10,000 11,157
Asustek Computer, Inc. 2,468 21,338
AU Optronics Corp. (I) 5,523 48,492
BES Engineering Corp. 46,000 13,643
Capital Securities Corp. 15,176 6,789
Career Technology Mfg. Company, Ltd. 3,000 5,246
Catcher Technology Company, Ltd. 5,720 28,321
Cathay Financial Holdings Company, Ltd. 24,622 40,606
Cathay Real Estate    
Development Company, Ltd. 18,000 8,745
Chang Hwa Commercial Bank, Ltd. 29,000 23,284
Cheng Loong Corp. 5,000 2,362
Cheng Shin Rubber Industry Company, Ltd. 8,250 19,137
Cheng Uei Precision Industry Company, Ltd. 5,151 9,990
Chia Hsin Cement Corp. 14,280 8,154
Chicony Electronics Company, Ltd. 5,508 9,875
Chimei Innolux Corp. (I) 32,365 33,204
Chin-Poon Industrial Company, Ltd. 9,000 7,348
China Airlines, Ltd. (I) 22,320 12,823
China Chemical &    
Pharmaceutical Company, Ltd. 1,000 854
China Development Financial Holdings Corp. 140,642 56,702
China Life Insurance Company, Ltd. 14,794 14,923
China Petrochemical Development Corp. (I) 10,600 13,476
China Steel Chemical Corp. 3,000 16,021
China Steel Corp. 43,060 51,442
Chinatrust Financial Holding Company, Ltd. 46,118 39,164
Chinese Maritime Transport, Ltd. 3,000 6,368
Chong Hong Construction Company 4,080 9,229
Chung Hsin Electric &    
Machinery Manufacturing Corp. 17,000 10,506
Chung Hung Steel Corp. (I) 7,164 4,331
Chunghwa Picture Tubes, Ltd. (I) 29,162 3,631
Chunghwa Telecom Company, Ltd., ADR 1,570 48,921
Clevo Company 5,000 10,136
CMC Magnetics Corp. (I) 50,000 12,112
Compal Electronics, Inc. 16,575 16,447
Compeq Manufactuing Company, Ltd. (I) 5,000 2,963
CTCI Corp. 6,000 6,837
Cyberlink Corp. 2,015 6,183
Cybertan Technology, Inc. 5,000 4,839
D-Link Corp. 7,980 7,426
Delta Electronics, Inc. 8,241 32,658
Depo Auto Parts Industrial Company, Ltd. 3,000 7,336
E.Sun Financial Holding Company, Ltd. 28,658 18,035
Elan Microelectronics Corp. 5,050 6,865
Elite Material Co Ltdelite Material Co Ltd. 5,000 5,494

 

115

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Epistar Corp. 6,000 $ 22,001
Eternal Chemical Company, Ltd. 9,450 11,155
EVA Airways Corp. (I) 27,920 21,989
Evergreen International Storage    
& Transport Corp. 6,000 4,797
Everlight Chemical Industrial Corp. 9,000 9,294
Far Eastern Department Stores Company, Ltd. 11,613 18,356
Far Eastern New Century Corp. 15,750 24,345
Far EasTone    
Telecommunications Company, Ltd. 9,000 13,470
Farglory Land Development Company, Ltd. 5,000 10,665
First Financial Holding Company, Ltd. 41,087 35,225
Forhouse Corp. 7,000 6,635
Formosa Chemicals & Fibre Corp. 13,390 50,732
Formosa Petrochemical Corp. 3,000 9,839
Formosa Plastic Corp. 16,470 57,951
Formosa Taffeta Company, Ltd. 12,000 12,050
Foxconn Technology Company, Ltd. 6,757 25,763
FSP Technology, Inc. 8,000 10,096
Fubon Financial Holding Company, Ltd. 20,998 27,894
Gemtek Technology Corp. 5,104 5,860
Getac Technology Corp. 14,000 7,477
Giant Manufacturing Company, Ltd. 3,000 12,193
Gigastorage Corp. 6,269 10,626
Gintech Energy Corp 5,049 16,096
Goldsun Development &    
Construction Company, Ltd. 20,581 9,056
Grand Pacific Petrochemical Corp. 14,000 8,607
Great Wall Enterprise Company, Ltd. 10,000 10,681
Hey Song Corp. 14,000 11,047
Ho Tung Chemical Corp. (I) 8,000 4,557
Holystone Enterprise Company, Ltd. 7,643 9,411
Hon Hai Precision Industry Company, Ltd. 32,636 114,372
Hotai Motor Company, Ltd. 5,000 14,713
HTC Corp. 2,535 99,198
Hua Nan Financial Holdings Company, Ltd. 28,491 21,292
Huaku Development Company, Ltd. 3,178 8,896
Hung Poo Real Estate Development Corp. 5,000 5,924
Inotera Memories, Inc. (I) 13,000 6,636
Inventec Company, Ltd. 20,616 10,508
King’s Town Bank (I) 36,000 20,239
Kinsus Interconnect Technology Corp. 4,000 12,313
Kuoyang Construction Company Ltd. (I) 13,000 9,066
Largan Precision Company, Ltd. 1,020 27,563
Lee Chang Yung Chemical Industries Corp. 7,321 21,034
Lien Hwa Industrial Corp. 15,000 10,448
Lite-On Technology Corp. 22,265 27,421
Macronix International Company, Ltd. 27,269 18,093
Makalot Industrial Company, Ltd. 1,000 2,346
MediaTek, Inc. 4,026 46,247
Mega Financial Holding Company, Ltd. 47,000 37,014
Micro-Star International Company, Ltd. 7,642 3,900
Mitac International 14,559 6,256
NAN Kang Rubber Tire Company, Ltd. (I) 8,000 12,191
Nan Ya Plastics Corp. 24,870 73,258
Nanya Technology Corp. (I) 27,181 14,162
Nien Hsing Textile Company, Ltd. 13,000 10,251
Opto Technology Corp. 9,000 6,522
Oriental Union Chemical Corp. 9,000 12,652
Pegatron Corp. (I) 6,642 7,525
Phihong Technology Company, Ltd. 5,851 9,820
Polaris Securities Company, Ltd. 12,000 8,123
Pou Chen Corp. 22,596 20,868
Powercom Compnay Ltd. (I) 5,000 11,507
Powertech Technology, Inc. 3,000 9,386

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
President Chain Store Corp. 4,544 $ 20,151
Prince Housing Development Corp. 12,000 7,247
Quanta Computer, Inc. 13,080 24,701
Radiant Opto-Electronics Corp. 6,180 14,887
Radium Life Tech Company, Ltd. 9,270 10,516
Realtek Semiconductor Corp. 4,080 7,329
Richtek Technology Corp. 1,050 7,270
Ritek Corp. (I) 45,359 13,588
Ruentex Development Company, Ltd. 6,000 9,741
Sampo Corp. (I) 30,000 10,024
Sanyang Industrial Company, Ltd. (I) 42,000 24,791
Shin Kong Financial    
Holding Company, Ltd. (I) 42,512 18,441
Shin Zu Shing Company, Ltd. 2,099 5,546
Shinkong Textile Co    
Ltdshinkong Textile Co Ltd. 1,000 1,355
Sigurd Microelectronics Corp. 12,000 11,045
Siliconware Precision Industries Company 2,812 16,984
Sincere Navigation Corp. 7,000 7,642
SinoPac Holdings Company, Ltd. 66,000 29,752
Sintek Photronic    
Corpsintek Photronic Corp. (I) 15,000 13,779
Sonix Technology Company, Ltd. 5,000 9,564
Standard Foods Corp. 6,900 18,760
Synnex Technology International Corp. 6,045 14,091
T Join Transportation Cot    
Join Transportation Co 4,000 4,003
Ta Chen Stainless Pipe Company, Ltd. 11,000 7,624
Ta Chong Bank Company, Ltd. (I) 12,000 4,471
Tainan Spinning Company, Ltd. 25,500 16,930
Taishin Financial Holdings Company, Ltd. (I) 38,289 21,690
Taiwan Business Bank (I) 26,000 10,330
Taiwan Cement Corp. 18,740 22,613
Taiwan Cogeneration Corp. 16,000 11,019
Taiwan Cooperative Bank 36,850 28,924
Taiwan Fertilizer Company, Ltd. 7,000 20,575
Taiwan Glass Industrial Corp. 10,300 13,011
Taiwan Mobile Company, Ltd. 4,000 9,412
Taiwan Paiho, Ltd. 3,000 3,455
Taiwan Semiconductor    
Manufacturing Company, Ltd. 85,530 205,072
Taiwan Tea Corp. 18,218 10,445
Teco Electric & Machinery Company, Ltd. 20,000 13,999
Test-Rite International Company, Ltd. 14,000 10,739
The Ambassador Hotel 9,000 12,694
Ton Yi Industrial Corp. 10,000 5,437
Tong Yang Industry Company, Ltd. 6,000 8,619
Tsann Kuen Enterprise Company, Ltd. (I) 5,000 10,255
Tung Ho Steel Enterprise Corp. 3,212 3,726
Tyntek Corp. 8,000 6,223
U-Ming Marine Transport Corp. 4,000 8,511
Uni-President Enterprises Corp. 19,924 27,289
Unimicron Technology Corp. 6,000 10,208
United Integrated Services Company, Ltd. 7,000 9,736
United Microelectronics Corp. 97,620 50,737
Universal Cement Corp. 15,000 9,568
Unizyx Holding Corp. (I) 6,000 5,491
UPC Technology Corp. 17,339 12,844
Walsin Lihwa Corp. (I) 39,000 20,500
Wan Hai Lines, Ltd. (I) 8,400 5,879
Waterland Financial Holding Company 23,430 12,771
Wei Chuan Food Corp. 9,000 10,000
Winbond Electronics Corp. (I) 64,000 20,365
Wistron Corp. 13,027 20,624
WPG Holdings Company, Ltd. 5,899 9,934

 

116

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
WT Microelectronics Company, Ltd. 8,000 $ 12,219
Yageo Corp. 39,000 19,091
Yang Ming Marine Transport Corp. (I) 16,499 12,935
Yeun Chyang Industrial Company, Ltd. 8,000 6,601
Young Fast Optoelectronics Company, Ltd. 1,047 7,694
Yuanta Financial Holdings Company, Ltd. 41,000 29,490
Yuen Foong Yu Paper    
Manufacturing Company, Ltd. 26,520 11,456
Yulon Motor Company, Ltd. 11,000 20,323
Zinwell Corp. 4,000 7,294
 
    3,174,701
Thailand - 0.14%    
Advanced Info Service PLC 4,500 13,391
Airports of Thailand PCL 6,000 7,142
Bangkok Bank PCL 3,700 21,045
Bangkok Bank PCL (Foreign REG) 2,900 16,619
Bank of Ayudhya PCL 31,800 26,196
Banpu PCL 500 12,682
BEC World PCL 10,000 11,159
Charoen Pokphand Foods PCL 22,900 19,497
Delta Electronics Thailand PCL 15,000 13,267
Glow Energy PCL 7,500 10,415
IRPC PCL 74,400 14,144
Kasikornbank PCL (Foreign Shares) 7,700 33,426
Krung Thai Bank PCL 42,800 26,038
Land & Houses PCL 45,800 10,530
Preuksa Real Estate PCL 15,000 9,125
PTT Aromatics & Refining PCL 10,300 12,686
PTT Chemical PCL 7,500 36,700
PTT Exploration & Production PCL 5,800 34,518
PTT PCL, Foreign Shares 4,900 57,352
Siam Cement PCL 2,900 33,612
Siam City Cement PCL 1,400 9,628
Siam Commercial Bank PCL 2,300 8,213
Thai Airways International PCL 6,600 8,238
Thai Oil PCL 7,000 19,268
Thai Tap Water Supply Pclthai Tap Water    
Supply-foreig 15,100 2,971
Thai Union Frozen Products PCL 9,135 13,894
TMB Bank PCL 210,100 16,394
Total Access Communication PCL 6,300 9,998
 
    508,148
Turkey - 0.13%    
Adana Cimento Sanayii Turk Anonim Sirketi    
AS, Class A 2,614 9,203
Akbank AS 5,295 25,731
Akenerji Elektrik Uretim AS (I) 3,578 8,307
Aksa Akrilik Kimya Sanayi AS 4,202 9,890
Albaraka Turk Katilim Bankasi AS 2,272 3,380
Anadolu Efes Biracilik ve Malt Sanayii AS 1,058 14,960
Arcelik AS 2,206 10,207
Aygaz AS 1,926 12,237
BIM Birlesik Magazalar AS 718 24,154
Dogan Sirketler Grubu Holdings AS (I) 10,683 8,284
Dogan Yayin Holding AS (I) 8,221 10,531
Dogus Otomotiv Servis ve Ticaret AS (I) 2,597 9,850
Enka Insaat ve Sanayi AS 1,643 6,337
Eregli Demir ve Celik Fabrikalari AS (I) 2,757 7,379
Eregli Demir ve Celik Fabrikalari TAS (I) 947 2,380
Ford Otomotiv Sanayi AS 1,110 10,609
GSD Holding AS (I) 8,585 5,442
Hurriyet Gazetecilik AS 6,741 8,809

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Turkey (continued)    
Kardemir Karabuk Demir Celik Sanayi Ve    
Ticaret AS, Class D (I) 6,724 $ 3,783
Kartonsan Karton Sanayi ve Ticaret AS 65 8,593
KOC Holdings AS 4,095 19,013
Koza Anadolu Metal Madencilik    
Isletmeleri AS (I) 3,080 9,478
Petkim Petrokimya Holding AS (I) 7,013 10,664
Sekerbank AS (I) 7,457 8,355
Tav Havalimanlari Holding As (I) 958 4,569
Tekfen Holding AS 2,147 8,414
Tofas Turk Otomobil Fabrik AS 1,937 10,947
Trakya Cam Sanayi AS (I) 4,619 10,791
Tupras Turkiye Petrol Rafine AS 1,188 34,862
Turk Ekonomi Bankasi AS 4,685 6,526
Turk Hava Yollari AS (I) 2,543 7,078
Turk Sise ve Cam Fabrikalari AS (I) 6,933 15,632
Turk Telekomunikasyon AS 2,270 11,415
Turkcell Iletisim Hizmetleri AS, ADR 1,700 25,551
Turkiye Garanti Bankasi AS 5,912 27,655
Turkiye Halk Bankasi AS 1,645 12,737
Turkiye Is Bankasi AS 8,874 28,400
Turkiye Sinai Kalkinma Bankasi AS 5,700 9,971
Turkiye Vakiflar Bankasi Tao 3,744 9,364
Ulker Gida Sanayi ve Ticaret AS 2,983 10,864
Yapi ve Kredi Bankasi AS (I) 4,484 12,870
 
    495,222
United Arab Emirates - 0.02%    
Dragon Oil PLC 5,726 54,458
United Kingdom - 4.15%    
A.G. Barr PLC 978 19,298
Aberdeen Asset Management PLC 7,201 24,360
Acergy SA 2,436 61,491
Admiral Group PLC 1,595 39,794
Aegis Group PLC 13,519 30,968
Afren PLC (I) 4,344 11,344
Aga Rangemaster Group PLC 3,162 6,341
Aggreko PLC 2,431 61,462
AMEC PLC (I) 2,895 55,344
Amlin PLC 5,558 34,035
Anglo American PLC 7,328 376,782
Antofagasta PLC 2,944 64,205
Arm Holdings PLC 4,100 115,497
Ashmore Group PLC 2,022 10,756
Ashtead Group PLC 2,287 7,281
Associated British Foods PLC (I) 2,912 46,382
Assura Group, Ltd. 5,036 3,573
AstraZeneca PLC, SADR (L) 7,800 359,736
Autonomy Corp. PLC (I) 1,864 47,572
Aveva Group PLC 375 9,715
Aviva PLC (I) 20,827 144,643
Babcock International Group PLC 4,249 42,307
BAE Systems PLC (I) 24,883 129,842
Balfour Beatty PLC 7,040 38,817
Barclays PLC 15,600 282,984
Barratt Developments PLC (I) 569 1,004
BBA Aviation PLC 4,353 14,190
Beazley PLC 7,685 15,188
Bellway PLC 1,862 20,818
Berkeley Group Holdings PLC (I) 769 12,856
BG Group PLC 17,182 426,838
BHP Billiton PLC 5,100 405,960
Bodycote PLC 1,394 7,404
Bovis Homes Group PLC (I) 816 5,704
BP PLC 11,293 82,248

 

117

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
BP PLC, SADR 14,300 $ 631,202
British American Tobacco PLC 963 38,699
British American Tobacco PLC, SADR 4,200 340,158
British Sky Broadcasting Group PLC 1,500 79,815
Britvic PLC 1,286 8,159
BT Group PLC 4,200 126,336
BTG PLC (I) 3,898 14,251
Bunzl PLC 2,935 35,055
Burberry Group PLC 3,714 69,956
Cable & Wireless Communications PLC 17,566 12,856
Cable & Wireless Worldwide 17,566 14,777
Cairn Energy PLC (I) 9,527 70,710
Capita Group PLC 3,825 45,633
Capital & Regional PLC (I) 1,359 850
Carillion PLC 5,864 35,752
Carnival PLC 1,900 75,259
Centrica PLC 23,869 124,491
Charter International PLC 2,032 26,337
Chemring Group Plc 1,365 15,162
Chesnara PLC 1,469 5,807
Cineworld Group PLC 2,556 8,513
Close Brothers Group PLC 2,056 27,882
Cobham PLC 7,963 29,446
Colt Telecom Group SA (I) 4,670 11,187
Compass Group PLC (I) 12,354 111,192
Computacenter PLC 4,615 32,184
Connaught PLC 406 0
Cookson Group PLC (I) 3,162 34,993
Croda International PLC (I) 768 20,665
CSR PLC (I) 763 4,527
D.S. Smith PLC 3,814 12,197
Daily Mail & General Trust 3,091 24,494
Dairy Crest Group PLC 1,305 7,522
Davis Service Group PLC 1,296 10,000
De La Rue PLC 1,136 14,385
Debenhams PLC (I) 18,950 17,984
Development Securities PLC 1,830 6,561
Diageo PLC, SADR 3,700 282,014
Dicom Group PLC (I) 695 5,791
Diploma PLC 2,172 11,163
Dixons Retail PLC (I) 27,929 5,628
Domino Printing Sciences PLC 631 6,383
Drax Group PLC 2,951 18,762
Dunelm Group PLC 675 4,157
Eaga PLC 2,873 5,435
easyJet PLC (I)(S) 2,229 12,174
Electrocomponents PLC 2,084 8,937
Elementis PLC (I) 3,596 8,772
Enquest PLC (I) 5,935 12,968
Ensco International PLC, ADR 2,100 121,464
Enterprise Inns PLC (I) 1,488 2,114
Eurasian Natural Resources Corp. 1,380 20,721
Evolution Group PLC 6,137 7,578
F&C Asset Management PLC 4,118 5,012
Fenner PLC 4,741 27,387
Fidessa Group PLC 652 18,308
Filtrona PLC 4,504 21,952
FirstGroup PLC 4,847 25,380
Forth Ports PLC 298 7,816
Fresnillo PLC 1,460 36,214
G4S PLC 9,075 37,183
Galliford Try PLC 1,829 11,003
Game Group PLC 4,942 4,479
Gem Diamonds, Ltd. (I) 3,004 13,489
Genus PLC (I)(S) 1,065 16,128

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
GKN PLC 14,913 $ 48,134
GlaxoSmithKline PLC, ADR 8,400 322,644
Go-Ahead Group PLC 135 2,898
Greene King PLC 1,452 10,427
Greggs PLC 350 2,863
Halfords Group PLC 3,088 17,259
Halma PLC (I) 2,484 13,958
Hampson Industries PLC 4,514 1,956
Hargreaves Lansdown PLC 1,126 11,013
Hays PLC 14,281 26,649
Headlam Group PLC (I) 474 2,276
Helical Bar PLC 514 2,233
Henderson Group PLC 3,377 9,190
Hikma Pharmaceuticals PLC 623 7,376
Hill & Smith Holdings PLC 125 694
HMV Group PLC 2,045 500
Holidaybreak PLC (I) 1,968 10,105
Home Retail Group PLC 5,710 17,688
Homeserve PLC 3,340 23,796
Howden Joinery Group PLC (I) 1,766 3,100
HSBC Holdings PLC, SADR 24,006 1,243,511
Hunting PLC 1,995 24,853
ICAP PLC 4,862 41,188
IG Group Holdings PLC 2,931 21,469
IMI PLC 3,359 55,507
Imperial Tobacco Group PLC (I) 5,955 184,229
Imperial Tobacco Group PLC 800 49,728
Inchcape PLC (I) 1,017 5,649
Informa PLC 5,662 37,838
Inmarsat PLC 3,801 36,840
Innospec, Inc. (I) 500 15,970
Intercontinental Hotels Group PLC 2,200 45,606
Intermediate Capital Group PLC 1,170 6,130
International Consolidated    
Airlines Group SA (I) 2,398 8,817
International Consolidated Airlines    
Group SA - DI (I) 4,906 17,860
International Personal Finance PLC 1,077 5,559
International Power PLC 12,509 61,802
Intertek Group PLC 1,429 46,676
Invensys PLC 5,363 29,749
Investec PLC 5,041 38,639
ITV PLC (I) 38,008 47,211
J Sainsbury PLC 9,580 51,512
J.D. Wetherspoon PLC 642 4,373
Jardine Lloyd Thompson Group PLC 1,381 15,343
Jazztel PLC (I) 1,715 9,327
JKX Oil & Gas PLC (I) 308 1,557
John Wood Group PLC 3,912 40,049
Johnson Matthey PLC 1,725 51,459
Johnston Press PLC (I) 3,508 451
Kazakhmys PLC 2,396 53,707
Kcom Group PLC 13,206 13,029
Keller Group PLC 325 3,232
Kesa Electricals PLC 3,019 5,843
Kier Group PLC (I) 213 4,441
Kingfisher PLC 18,084 71,293
Ladbrokes PLC 7,440 15,826
Laird Group PLC 1,534 3,399
Lavendon Group PLC (I) 5,310 7,922
Legal & General Group PLC 42,050 77,849
Lloyds Banking Group PLC (I) 28,330 26,411
Lloyds TSB Group PLC (I) 21,187 78,392
Logica PLC (I) 14,174 29,805
London Stock Exchange Group PLC 1,258 16,828

 

118

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Lonmin PLC, ADR 1,319 $ 36,000
Man Group PLC 10,588 41,844
Marks & Spencer Group PLC 11,372 61,407
Marston’s PLC 2,935 4,473
McBride PLC (I) 3,988 9,101
Meggitt PLC (I) 8,887 48,887
Melrose PLC 3,200 16,834
Melrose Resources PLC 307 1,231
Michael Page International PLC 1,081 8,912
Micro Focus International PLC 489 2,482
Millennium & Copthorne Hotels PLC 2,080 16,882
Misys PLC (I) 5,600 28,432
Mitchells & Butlers PLC (I) 4,567 22,093
Mitie Group PLC (I) 2,329 7,340
Mondi PLC 3,915 37,629
Morgan Crucible Company PLC 2,337 11,126
Morgan Sindall PLC 210 2,127
Mothercare PLC (I) 561 3,600
Mouchel Parkman PLC (I) 373 561
N. Brown Group PLC 922 3,752
National Express Group PLC (I) 6,583 25,906
National Grid PLC, SADR 2,098 100,788
Next PLC 1,681 53,394
Northern Foods PLC (I) 2,299 2,683
Northumbrian Water Group PLC 4,981 26,544
Novae Group PLC 791 4,605
Old Mutual PLC 44,194 96,422
Pace Micro Technology PLC (I) 2,180 5,318
Paypoint PLC 1,027 6,770
Pearson PLC 7,100 126,380
Pendragon PLC (I) 26,477 9,795
Pennon Group PLC 3,748 37,602
Persimmon PLC 5,286 37,771
Petrofac, Ltd. 2,024 48,398
Petropavlovsk PLC 879 14,058
Premier Farnell PLC 4,968 21,625
Premier Foods PLC (I) 51,558 23,116
Premier Oil PLC (I) 567 18,124
Prostrakan Group PLC (I) 2,197 4,555
Provident Financial PLC 1,356 20,887
Prudential PLC 9,400 213,568
Psion PLC 5,211 7,524
Punch Taverns PLC (I) 1,433 1,771
PZ Cussons PLC 1,458 7,635
Qinetiq PLC (I) 11,015 21,507
Quintain Estates & Development PLC (I) 3,488 2,461
Rank Group PLC 1,980 4,744
Rathbone Brothers PLC 756 14,744
Reckitt Benckiser Group PLC 3,190 163,839
Redrow PLC (I) 1,082 2,166
Reed Elsevier PLC 1,800 62,352
Rentokil Initial PLC (I) 29,942 43,227
Resolution, Ltd. 16,885 80,244
Rexam PLC 7,165 41,740
Rightmove PLC 2,571 39,200
Rio Tinto PLC, SADR 7,200 512,064
RM PLC (I) 1,719 4,080
ROK PLC 454 135
Rolls-Royce Group PLC (I) 12,848 127,581
Rotork PLC 289 8,097
Royal Bank of Scotland Group PLC (I) 26,755 17,541
Royal Bank of Scotland Group PLC, SADR (I) 5,300 69,854
RPC Group PLC (I) 4,849 21,842
RPS Group PLC (I) 1,673 5,740
RSA Insurance Group PLC (I) 27,615 58,249

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
SABMiller PLC 6,786 $ 240,476
Sage Group PLC 10,352 46,238
Salamander Energy PLC (I) 742 3,456
Savills PLC 3,206 18,421
Schroders PLC 749 16,922
Schroders PLC (I) 992 27,643
Scottish & Southern Energy PLC 5,123 103,633
Senior PLC 2,247 5,468
Serco Group PLC 3,723 33,357
Severfield Rowen PLC 2,280 9,690
Severn Trent PLC 2,020 47,398
Shanks Group PLC 2,270 4,154
Shire PLC, ADR 1,100 95,810
SIG PLC (I) 6,281 14,052
Smith & Nephew PLC, SADR 1,100 62,051
Smiths Group PLC 2,696 56,160
Smiths News PLC 5,009 6,788
Soco International PLC (I) 3,480 21,395
Southern Cross Healthcare, Ltd. (I) 1,847 394
Spectris PLC 1,738 37,983
Spirax-Sarco Engineering PLC 456 14,182
Spirent Communications PLC 3,276 7,229
Sports Direct International PLC (I) 7,101 20,664
St James’s Place PLC 895 4,802
St. Modwen Properties PLC (I) 1,033 2,979
Stagecoach Group PLC 2,732 9,447
Standard Chartered PLC (I) 17,494 453,778
Standard Life PLC 18,251 60,557
Sthree PLC 3,291 21,597
TalkTalk Telecom Group PLC 5,942 13,135
Tate & Lyle PLC 4,153 38,502
Taylor Woodrow PLC (I) 12,083 7,880
Telecity Group PLC (I) 1,389 11,331
Tesco PLC (I) 45,010 274,977
The Weir Group PLC 2,679 74,397
Thomas Cook Group PLC 3,890 10,637
Travis Perkins PLC (I) 1,035 16,871
Trinity Mirror PLC (I) 1,806 1,346
TUI Travel PLC 4,353 15,849
Tullett Prebon PLC 2,196 14,419
Tullow Oil PLC 4,144 96,372
UK Coal PLC (I) 992 633
Ultra Electronics Holdings PLC (I) 805 22,260
Unilever PLC, SADR 6,000 183,720
United Business Media, Ltd. 2,888 27,735
United Utilities Group PLC 3,656 34,727
Vedanta Resources PLC 1,724 65,755
Victrex PLC 1,412 30,567
Vodafone Group PLC, SADR 25,600 736,000
W.S. Atkins PLC 1,648 18,532
WH Smith PLC 730 5,077
Whitbread PLC 1,746 46,269
William Hill PLC 6,637 19,230
William Morrison Supermarket PLC 14,470 64,067
Wincanton PLC 620 1,157
Wolfson Microelectronics PLC (I) 1,312 5,086
Wolseley PLC 2,400 80,922
Xchanging PLC (I) 4,028 5,134
XP Power, Ltd. 131 3,678
Xstrata PLC 14,590 340,664
Yell Group PLC (I)(L) 10,556 1,127
 
    15,357,925
United States - 39.58%    
1st Source Corp. 600 12,024

 

119

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
1st United Bancorp, Inc. (I) 600 $ 4,212
3D Systems Corp. (I) 200 9,710
3M Company 4,400 411,400
99 Cents Only Stores (I) 700 13,720
A. M. Castle & Company (I) 200 3,776
A. Schulman, Inc. 500 12,360
A.O. Smith Corp. 450 19,953
A123 Systems, Inc. (I) 900 5,715
AAON, Inc. 300 9,870
AAR Corp. 700 19,404
Aaron’s, Inc. (L) 1,050 26,628
Abaxis, Inc. (I)(L) 200 5,768
Abbott Laboratories 10,944 536,803
Abercrombie & Fitch Company, Class A 1,400 82,180
Abington Bancorp, Inc. 600 7,338
ABIOMED, Inc. (I) 200 2,906
ABM Industries, Inc. 1,100 27,929
AboveNet, Inc. 200 12,972
Acacia Research - Acacia Technologies (I) 700 23,954
Acadia Pharmaceuticals, Inc. (I) 100 162
Accelrys, Inc. (I) 312 2,496
ACCO Brands Corp. (I) 1,100 10,494
Accuray, Inc. (I) 749 6,763
Aceto Corp. 700 5,579
ACI Worldwide, Inc. (I) 400 13,120
Acme Packet, Inc. (I) 900 63,864
Activision Blizzard, Inc. 7,300 80,081
Actuant Corp., Class A 900 26,100
Actuate Corp. (I) 1,000 5,200
Acuity Brands, Inc. 700 40,943
Acxiom Corp. (I) 1,700 24,395
Adobe Systems, Inc. (I) 3,359 111,384
ADPT Corp. (I) 1,500 4,410
ADTRAN, Inc. (L) 800 33,968
Advance America Cash Advance Centers, Inc. 900 4,770
Advance Auto Parts, Inc. 1,000 65,620
Advanced Analogic Technologies, Inc. (I) 1,200 4,536
Advanced Energy Industries, Inc. (I) 400 6,540
Advanced Micro Devices, Inc. (I) 8,500 73,100
Advent Software, Inc. (I)(L) 800 22,936
Aecom Technology Corp. (I) 900 24,957
AEP Industries, Inc. (I) 200 5,944
Aeropostale, Inc. (I) 1,297 31,543
Aerovironment, Inc. (I)(L) 300 10,491
Aetna, Inc. 4,300 160,949
AFC Enterprises, Inc. (I) 500 7,565
Affiliated Managers Group, Inc. (I) 900 98,433
Affymax, Inc. (I) 500 2,935
Affymetrix, Inc. (I) 1,200 6,252
Aflac, Inc. 4,300 226,954
AGCO Corp. (I) 1,300 71,461
Agilent Technologies, Inc. (I) 3,400 152,252
Agilysys, Inc. (I) 300 1,722
AGL Resources, Inc. 1,100 43,824
Air Methods Corp. (I) 300 20,175
Air Products & Chemicals, Inc. 1,500 135,270
Air Transport Services Group, Inc. (I) 1,700 14,365
Aircastle, Ltd. 1,100 13,277
Airgas, Inc. 1,200 79,704
AirTran Holdings, Inc. (I) 1,900 14,155
AK Steel Holding Corp. 1,500 23,670
Akamai Technologies, Inc. (I) 2,219 84,322
Alamo Group, Inc. 400 10,980
Alaska Air Group, Inc. (I) 500 31,710
Alaska Communications Systems Group, Inc. 700 7,455

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Albany International Corp., Class A 400 $ 9,960
Albemarle Corp. 1,000 59,770
Alberto-Culver Company 1,300 48,451
Alcoa, Inc. 12,000 211,800
Alere, Inc. (I) 1,200 46,968
Alexander & Baldwin, Inc. 800 36,520
Alexion Pharmaceuticals, Inc. (I) 800 78,944
Alico, Inc. 100 2,677
Align Technology, Inc. (I) 1,300 26,624
Alkermes, Inc. (I) 1,600 20,720
Alleghany Corp. (I) 104 34,435
Allegheny Technologies, Inc. 1,700 115,124
Allegiant Travel Company (L) 300 13,143
Allergan, Inc. 2,100 149,142
Allete, Inc. 600 23,382
Alliance Data Systems Corp. (I)(L) 700 60,123
Alliance HealthCare Services, Inc. (I) 200 884
Alliance One International, Inc. (I)(L) 2,600 10,452
Alliant Energy Corp. 1,000 38,930
Alliant Techsystems, Inc. 400 28,268
Allied Nevada Gold Corp. (I) 1,525 54,107
Allos Therapeutics, Inc. (I) 300 951
Allscripts-Misys Healthcare Solutions, Inc. (I) 2,600 54,574
Almost Family, Inc. (I) 100 3,764
Alnylam Pharmaceuticals, Inc. (I)(L) 400 3,828
Alon USA Energy, Inc. (L) 1,300 17,810
Alpha Natural Resources, Inc. (I)(L) 1,716 101,879
Alphatec Holdings, Inc. (I) 1,000 2,700
Altera Corp. 2,500 110,050
Altra Holdings, Inc. (I) 300 7,086
Altria Group, Inc. 14,764 384,307
AMAG Pharmaceuticals, Inc. (I) 300 5,010
Amazon.com, Inc. (I) 3,000 540,390
Ambassadors Group, Inc. 200 2,190
AMCOL International Corp. 500 17,990
Amedisys, Inc. (I) 500 17,500
AMERCO, Inc. (I) 350 33,950
Ameren Corp. 2,200 61,754
America Service Group, Inc. 200 5,128
American Axle &    
Manufacturing Holdings, Inc. (I) 1,000 12,590
American Capital, Ltd. (I) 3,331 32,977
American Dental Partners, Inc. (I) 200 2,624
American Eagle Outfitters, Inc. 2,679 42,569
American Electric Power Company, Inc. 3,242 113,924
American Equity Investment Life    
Holding Company 1,100 14,432
American Express Company 8,000 361,600
American Financial Group, Inc. 1,600 56,032
American International Group, Inc. (I) 1,100 38,654
American Medical    
Systems Holdings, Inc. (I)(L) 1,000 21,640
American National Insurance Company 300 23,751
American Public Education, Inc. (I) 200 8,090
American Railcar Industries, Inc. (I) 400 9,984
American Reprographics Company (I) 900 9,315
American Science & Engineering, Inc. 100 9,236
American States Water Company 200 7,172
American Tower Corp., Class A (I) 2,765 143,282
American Vanguard Corp. 200 1,736
American Water Works Company, Inc. 1,500 42,075
American Woodmark Corp. 100 2,088
Americas Car-Mart, Inc. (I) 200 5,156
Amerigon, Inc. (I) 400 6,108
AMERIGROUP Corp. (I) 1,000 64,250

 

120

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Ameriprise Financial, Inc. 2,600 $ 158,808
Ameris Bancorp (I)(L) 203 2,062
AMERISAFE, Inc. (I) 200 4,422
AmerisourceBergen Corp. 2,800 110,768
Ameristar Casinos, Inc. 1,000 17,750
Ameron International Corp. 100 6,979
AMETEK, Inc. 2,100 92,127
Amgen, Inc. (I) 8,528 455,822
Amicus Therapeutics, Inc. (I) 400 2,836
Amkor Technology, Inc. (I) 2,800 18,872
AMN Healthcare Services, Inc. (I) 400 3,464
Ampco-Pittsburgh Corp. 100 2,758
Amphenol Corp., Class A 1,592 86,589
AMR Corp. (I)(L) 4,700 30,362
AmSurg Corp. (I) 500 12,720
Amtrust Financial Services, Inc. 900 17,163
Anadarko Petroleum Corp. 4,900 401,408
Anadigics, Inc. (I) 1,200 5,376
Anadys Pharmaceuticals, Inc. (I) 1,300 1,508
Analog Devices, Inc. 2,720 107,114
Analogic Corp. 200 11,310
Anaren, Inc. (I) 300 6,030
Ancestry.com, Inc. (I) 600 21,270
AngioDynamics, Inc. (I) 200 3,024
Anika Therapeutics, Inc. (I) 500 4,480
Anixter International, Inc. 500 34,945
Ann, Inc. (I) 1,200 34,932
ANSYS, Inc. (I) 1,400 75,866
AOL, Inc. (I) 1,566 30,584
AON Corp. 2,600 137,696
APAC Customer Services, Inc. (I) 700 4,207
Apache Corp. 3,300 432,036
Apogee Enterprises, Inc. 400 5,276
Apollo Group, Inc., Class A (I) 800 33,368
Apple, Inc. (I) 6,900 2,404,305
Applied Industrial Technologies, Inc. 800 26,608
Applied Materials, Inc. 12,400 193,688
Applied Micro Circuits Corp. (I) 900 9,342
Approach Resources, Inc. (I) 400 13,440
AptarGroup, Inc. 1,244 62,362
Aqua America, Inc. (L) 2,084 47,703
Arbitron, Inc. 400 16,012
Arch Chemicals, Inc. 200 8,318
Arch Coal, Inc. 2,300 82,892
Archer-Daniels-Midland Company 5,512 198,487
Ardea Biosciences, Inc. (I) 300 8,607
Arena Pharmaceuticals, Inc. (I) 600 834
ARIAD Pharmaceuticals, Inc. (I) 2,200 16,544
Ariba, Inc. (I) 1,400 47,796
Arkansas Best Corp. 300 7,776
Armstrong World Industries, Inc. 1,100 50,897
Arqule, Inc. (I) 600 4,296
Arris Group, Inc. (I) 1,850 23,569
Arrow Electronics, Inc. (I) 1,700 71,196
Arrow Financial Corp. 212 5,245
ArthroCare Corp. (I) 300 10,002
Arthur J. Gallagher & Company 1,420 43,182
Aruba Networks, Inc. (I) 1,300 43,992
Ascena Retail Group, Inc. (I) 1,100 35,651
Ashland, Inc. 1,300 75,088
Asset Acceptance Capital Corp. (I) 200 1,074
Assisted Living Concepts, Inc. (I) 160 6,262
Associated-Banc Corp. 1,800 26,730
Assurant, Inc. 1,700 65,467
Astec Industries, Inc. (I) 400 14,916

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Astoria Financial Corp. 1,700 $ 24,429
AT&T, Inc. 54,550 1,669,192
athenahealth, Inc. (I) 500 22,565
Atheros Communications, Inc. (I) 900 40,185
Atlantic Tele-Network, Inc. 200 7,438
Atlas Air Worldwide Holdings, Inc. (I) 400 27,888
Atmel Corp. (I) 6,000 81,780
ATMI, Inc. (I) 400 7,552
Atmos Energy Corp. 1,300 44,330
ATP Oil & Gas Corp. (I)(L) 600 10,866
Atwood Oceanics, Inc. (I) 1,100 51,073
Audiovox Corp., Class A (I) 700 5,600
Autodesk, Inc. (I) 2,000 88,220
Automatic Data Processing, Inc. 3,465 177,789
AutoNation, Inc. (I)(L) 1,900 67,203
AutoZone, Inc. (I) 500 136,780
AVANIR Pharmaceuticals, Class A (I) 187 763
Avatar Holdings, Inc. (I) 100 1,979
Avery Dennison Corp. 1,200 50,352
Aviat Networks, Inc. (I) 1,300 6,721
Avid Technology, Inc. (I) 800 17,840
Avis Budget Group, Inc. (I) 2,200 39,402
Avista Corp. 700 16,191
Avnet, Inc. (I) 2,100 71,589
Avon Products, Inc. 2,800 75,712
AVX Corp. 2,300 34,293
AXT, Inc. (I) 800 5,736
AZZ, Inc. 300 13,680
B&G Foods, Inc. 700 13,139
Badger Meter, Inc. 300 12,363
Baker Hughes, Inc. 4,788 351,583
Balchem Corp. 450 16,884
Ball Corp. 2,000 71,700
Bally Technologies, Inc. (I) 700 26,495
BancFirst Corp. 200 8,536
Bancorp, Inc. (I) 700 6,461
BancorpSouth, Inc. (L) 1,300 20,085
Bank Mutual Corp. 1,200 5,076
Bank of America Corp. 106,291 1,416,859
Bank of Hawaii Corp. 800 38,256
Bank of the Ozarks, Inc. 200 8,742
BankFinancial Corp. 300 2,757
Barnes & Noble, Inc. (L) 1,000 9,190
Barnes Group, Inc. 1,100 22,968
Barrett Business Services, Inc. 312 5,011
Baxter International, Inc. 3,500 188,195
BB&T Corp. 6,800 186,660
BE Aerospace, Inc. (I) 1,320 46,900
Beacon Roofing Supply, Inc. (I) 1,000 20,470
Beazer Homes USA, Inc. (I) 900 4,113
Bebe Stores, Inc. 1,500 8,775
Beckman Coulter, Inc. 1,000 83,070
Becton, Dickinson & Company 1,700 135,354
Bed Bath & Beyond, Inc. (I) 1,800 86,886
Bel Fuse, Inc., Class B 300 6,603
Belden, Inc. 300 11,265
Belo Corp., Class A (I) 600 5,286
Bemis Company, Inc. 1,500 49,215
Benchmark Electronics, Inc. (I) 700 13,279
Beneficial Mutual Bancorp, Inc. (I) 1,600 13,792
Berkshire Hathaway, Inc., Class B (I) 4,069 340,290
Berkshire Hill Bancorp, Inc. 200 4,170
Berry Petroleum Company, Class A 900 45,405
Best Buy Company, Inc. 3,100 89,032
BGC Partners, Inc., Class A 1,200 11,148

 

121

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Big 5 Sporting Goods Corp. 400 $ 4,768
Big Lots, Inc. (I) 1,200 52,116
BigBand Networks, Inc. (I) 1,300 3,315
Biglari Holdings, Inc. (I) 25 10,589
Bill Barrett Corp. (I) 700 27,937
Bio-Rad Laboratories, Inc., Class A (I) 300 36,042
Bio-Reference Labs, Inc. (I) 400 8,976
Biodel, Inc. (I)(L) 1,100 2,310
Biogen Idec, Inc. (I) 2,500 183,475
BioMarin Pharmaceutical, Inc. (I) 1,300 32,669
BioMimetic Therapeutics, Inc. (I) 600 7,866
BioScrip, Inc. (I) 700 3,297
BJ’s Restaurants, Inc. (I)(L) 300 11,799
BJ’s Wholesale Club, Inc. (I) 700 34,174
Black Box Corp. 200 7,030
Black Hills Corp. (L) 500 16,720
Blackbaud, Inc. 700 19,068
Blackboard, Inc. (I) 400 14,496
BlackRock, Inc. 675 135,682
Blount International, Inc. (I) 500 7,990
Blue Coat Systems, Inc. (I) 400 11,264
Blue Nile, Inc. (I)(L) 300 16,197
BlueLinx Holdings, Inc. (I) 300 1,110
Blyth, Inc. 250 8,123
BMC Software, Inc. (I) 1,500 74,610
Bob Evans Farms, Inc. 500 16,300
BofI Holding, Inc. (I) 300 4,656
Boise, Inc. 1,250 11,450
BOK Financial Corp. 1,000 51,680
BorgWarner, Inc. (I) 1,600 127,504
Boston Beer Company, Inc. (I) 100 9,262
Boston Private Financial Holdings, Inc. 1,106 7,819
Boston Scientific Corp. (I) 18,516 133,130
Bottomline Technologies, Inc. (I) 300 7,542
Boyd Gaming Corp. (I)(L) 1,600 14,992
BPZ Resources, Inc. (I)(L) 1,200 6,372
Brady Corp., Class A 700 24,983
Bridgepoint Education, Inc. (I)(L) 500 8,550
Briggs & Stratton Corp. 1,100 24,915
Brigham Exploration Company (I)(L) 1,600 59,488
Brightpoint, Inc. (I) 1,000 10,840
Brinker International, Inc. 1,600 40,480
Bristol-Myers Squibb Company 12,675 335,000
Bristow Group, Inc. (I) 600 28,380
Broadcom Corp., Class A (I) 3,100 122,078
Broadridge Financial Solutions, Inc. 2,000 45,380
Broadwind Energy, Inc. (I) 900 1,179
Brocade Communications Systems, Inc. (I) 5,800 35,670
Bronco Drilling Company, Inc. (I) 700 7,910
Brookdale Senior Living, Inc. (I) 1,500 42,000
Brookfield Homes Corp. (I) 200 1,880
Brookline Bancorp, Inc. 900 9,477
Brooks Automation, Inc. (I) 1,100 15,103
Brown & Brown, Inc. 1,900 49,020
Brown Forman Corp., Class B 450 30,735
Brown Shoe Company, Inc. 800 9,776
Bruker Corp. (I) 2,100 43,785
Brunswick Corp. 1,100 27,973
Bryn Mawr Bank Corp. 150 3,086
Buckeye Technologies, Inc. 300 8,169
Bucyrus International, Inc. 1,200 109,740
Buffalo Wild Wings, Inc. (I) 300 16,329
Build-A-Bear Workshop, Inc. (I) 600 3,630
Builders FirstSource, Inc. (I) 300 852
Bunge, Ltd. 2,100 151,893

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
C.H. Robinson Worldwide, Inc. 1,400 $ 103,782
C.R. Bard, Inc. 1,000 99,310
CA, Inc. 3,700 89,466
Cabela’s, Inc. (I) 1,200 30,012
Cablevision Systems Corp., Class A 2,100 72,681
Cabot Corp. 900 41,661
Cabot Microelectronics Corp. (I) 500 26,125
Cabot Oil & Gas Corp. 1,500 79,455
CACI International, Inc., Class A (I) 500 30,660
Cadence Design Systems, Inc. (I) 3,800 37,050
Cadence Pharmaceuticals, Inc. (I)(L) 800 7,368
Cadiz, Inc. (I) 400 4,876
CAI International, Inc. (I) 600 15,516
Cal Dive International, Inc. (I) 2,200 15,356
Cal-Maine Foods, Inc. (L) 400 11,800
Calamos Asset Management, Inc. 400 6,636
Calavo Growers, Inc. 300 6,555
Calgon Carbon Corp. (I)(L) 900 14,292
California Pizza Kitchen, Inc. (I) 400 6,752
California Water Service Group 200 7,434
Callaway Golf Company 1,000 6,820
Callon Petroleum Company (I) 700 5,439
Calpine Corp. (I) 6,200 98,394
Cambium Learning Group, Inc. (I) 4,211 14,317
Camden National Corp. 200 6,848
Cameron International Corp. (I) 3,300 188,430
Campbell Soup Company 2,144 70,988
Cantel Medical Corp. 200 5,150
Capella Education Company (I) 300 14,937
Capital City Bank Group, Inc. 200 2,536
Capital One Financial Corp. 5,103 265,152
Capital Senior Living Corp. (I) 800 8,496
Capital Southwest Corp. 100 9,153
CapitalSource, Inc. 3,600 25,344
Capitol Bancorp, Ltd. (I)(L) 900 185
Capitol Federal Financial, Inc. 2,037 22,957
Caraco Pharmaceutical Laboratories, Ltd. (I) 1,200 6,240
CARBO Ceramics, Inc. 300 42,336
Cardinal Financial Corp. 600 6,996
Cardinal Health, Inc. 3,765 154,854
Cardtronics, Inc. (I) 700 14,245
Career Education Corp. (I) 1,300 29,536
CareFusion Corp. (I) 3,082 86,912
Carlisle Companies, Inc. 800 35,640
CarMax, Inc. (I) 2,800 89,880
Carnival Corp. 6,000 230,160
Carpenter Technology Corp. 800 34,168
Carrizo Oil & Gas, Inc. (I) 400 14,772
Carter’s, Inc. (I) 800 22,904
Cascade Corp. 100 4,458
Casella Waste Systems, Inc., Class A (I) 200 1,434
Casey’s General Stores, Inc. 600 23,400
Cash America International, Inc. 500 23,025
Cass Information Systems, Inc. 100 3,929
Casual Male Retail Group, Inc. (I) 800 3,928
Catalyst Health Solutions, Inc. (I) 600 33,558
Caterpillar, Inc. 4,900 545,615
Cathay General Bancorp 1,300 22,165
Cavco Industries, Inc. (I) 100 4,516
Cavium Networks, Inc. (I) 600 26,958
CB Richard Ellis Group, Inc., Class A (I) 3,000 80,100
Cbeyond, Inc. (I) 400 4,668
CBIZ, Inc. (I) 900 6,489
CBS Corp. 600 15,072
CBS Corp., Class B 6,900 172,776

 

122

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
CDI Corp. 200 $ 2,958
CEC Entertainment, Inc. 300 11,319
Celadon Group, Inc. (I) 300 4,872
Celanese Corp., Series A 1,300 57,681
Celera Corp. (I) 1,500 12,165
Celgene Corp. (I) 3,157 181,622
Centene Corp. (I) 812 26,780
Center Financial Corp. (I) 800 5,872
CenterPoint Energy, Inc. 3,500 61,460
Centerstate Banks, Inc. 300 2,100
Central European Distribution Corp. (I) 1,000 11,350
Central Garden & Pet Company (I) 400 3,524
Central Garden & Pet Company, Class A (I) 1,000 9,210
Central Vermont Public Service Corp. 100 2,329
Century Aluminum Company (I) 1,600 29,888
CenturyLink, Inc. (L) 3,111 129,262
Cenveo, Inc. (I) 1,600 10,448
Cephalon, Inc. (I)(L) 1,000 75,780
Cepheid, Inc. (I)(L) 451 12,637
Ceradyne, Inc. (I) 400 18,032
Cerner Corp. (I)(L) 900 100,080
CEVA, Inc. (I) 500 13,365
CF Industries Holdings, Inc. 1,038 141,988
CH Energy Group, Inc. 200 10,108
Charles River    
Laboratories International, Inc. (I) 900 34,542
Charming Shoppes, Inc. (I) 2,600 11,076
Chart Industries, Inc. (I) 600 33,024
Checkpoint Systems, Inc. (I) 600 13,488
Chemed Corp. 300 19,983
Chemical Financial Corp. 400 7,972
Cheniere Energy, Inc. (I)(L) 700 6,517
Chesapeake Energy Corp. 7,400 248,048
Chesapeake Utilities Corp. 100 4,162
Chevron Corp. 18,589 1,997,016
Chico’s FAS, Inc. 2,300 34,270
Chipotle Mexican Grill, Inc. (I) 300 81,711
Chiquita Brands International, Inc. (I) 500 7,670
Choice Hotels International, Inc. 900 34,965
Christopher & Banks Corp. 700 4,536
Chubb Corp. 3,300 202,323
Church & Dwight Company, Inc. 1,100 87,274
Churchill Downs, Inc. 200 8,300
CIBER, Inc. (I) 1,400 9,380
Ciena Corp. (I)(L) 1,400 36,344
CIGNA Corp. 4,000 177,120
Cimarex Energy Company 1,400 161,336
Cincinnati Bell, Inc. (I) 2,600 6,968
Cincinnati Financial Corp. 2,300 75,440
Cinemark Holdings, Inc. 2,200 42,570
Cintas Corp. 2,200 66,594
CIRCOR International, Inc. 400 18,808
Cirrus Logic, Inc. (I) 700 14,721
Cisco Systems, Inc. 38,350 657,703
CIT Group, Inc. (I) 2,700 114,885
Citi Trends, Inc. (I) 300 6,687
Citigroup, Inc. (I) 217,010 959,184
Citizens, Inc., Class A (I) 300 2,190
Citrix Systems, Inc. (I) 1,900 139,574
City Holding Company (L) 400 14,144
City National Corp. 700 39,935
CKX, Inc. (I) 1,300 5,486
CLARCOR, Inc. 765 34,371
Clayton Williams Energy, Inc. (I) 300 31,710
Clean Harbors, Inc. (I) 400 39,464

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Clear Channel Outdoor    
Holdings, Inc., Class A (I) 500 $ 7,275
Clearwater Paper Corp. (I) 200 16,280
Cleco Corp. 800 27,432
Cliffs Natural Resources, Inc. 1,900 186,732
Clifton Savings Bancorp, Inc. 500 5,935
Clinical Data, Inc. (I) 300 9,090
Clorox Company 1,200 84,084
CME Group, Inc. 900 271,395
CMS Energy Corp. 1,900 37,316
CNA Financial Corp. 3,400 100,470
CNA Surety Corp. (I) 700 17,682
CNO Financial Group, Inc. (I) 4,000 30,040
Coach, Inc. 2,100 109,284
CoBiz Financial, Inc. 700 4,865
Coca-Cola Bottling Company Consolidated 200 13,368
Coca-Cola Enterprises, Inc. 4,200 114,660
Codexis, Inc. (I) 56 664
Coeur d’Alene Mines Corp. (I) 1,500 52,170
Cogent Communications Group, Inc. (I) 700 9,989
Cognex Corp. 700 19,775
Cognizant Technology    
Solutions Corp., Class A (I) 2,100 170,940
Cohen & Steers, Inc. 609 18,075
Coherent, Inc. (I) 400 23,244
Cohu, Inc. 300 4,608
Coinstar, Inc. (I) 500 22,960
Coldwater Creek, Inc. (I) 1,100 2,904
Colfax Corp. (I) 500 11,475
Colgate-Palmolive Company 3,428 276,845
Collective Brands, Inc. (I) 1,300 28,054
Columbia Banking System, Inc. 500 9,585
Columbia Sportswear Company 600 35,652
Columbus McKinnon Corp. (I) 500 9,230
Comcast Corp., Class A 23,054 569,895
Comcast Corp., Special Class A 8,384 194,676
Comerica, Inc. 2,500 91,800
Comfort Systems USA, Inc. 400 5,628
Commerce Bancshares, Inc. 1,202 48,609
Commercial Metals Company 1,700 29,359
Community Bank Systems, Inc. 600 14,562
Community Health Systems, Inc. (I) 1,500 59,985
Community Trust Bancorp, Inc. 300 8,301
CommVault Systems, Inc. (I) 600 23,928
Compass Minerals International, Inc. 600 56,118
Complete Production Services, Inc. (I) 1,700 54,077
CompuCredit Holdings Corp. (I) 927 6,090
Computer Programs & Systems, Inc. 200 12,856
Computer Sciences Corp. 2,100 102,333
Compuware Corp. (I) 3,636 41,996
comScore, Inc. (I) 500 14,755
Comstock Resources, Inc. (I) 600 18,564
Comtech Telecommunications Corp. 200 5,436
Comverge, Inc. (I) 500 2,330
Con-way, Inc. 600 23,574
ConAgra Foods, Inc. 6,400 152,000
Conceptus, Inc. (I) 500 7,225
Concho Resources, Inc. (I) 1,600 171,680
Concur Technologies, Inc. (I) 700 38,815
Conexant Systems, Inc. (I) 1,500 3,570
CONMED Corp. (I) 600 15,768
Conn’s, Inc. (I)(L) 988 4,426
Connecticut Water Service, Inc. (L) 200 5,270
ConocoPhillips 16,049 1,281,673
CONSOL Energy, Inc. 3,200 171,616

 

123

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Consolidated Communications Holdings, Inc. 400 $ 7,492
Consolidated Edison, Inc. 2,100 106,512
Consolidated Graphics, Inc. (I) 200 10,926
Consolidated-Tomoka Land Company 200 6,480
Constant Contact, Inc. (I) 200 6,980
Constellation Brands, Inc., Class A (I) 2,801 56,804
Constellation Energy Group, Inc. 1,700 52,921
Contango Oil & Gas Company (I) 300 18,972
Contango ORE, Inc. (I) 30 555
Continental Resources, Inc. (I) 900 64,323
Continucare Corp. (I) 1,600 8,560
Convergys Corp. (I) 2,400 34,464
Cooper Industries PLC 2,100 136,290
Cooper Tire & Rubber Company 800 20,600
Copart, Inc. (I) 1,100 47,663
Core-Mark Holding Company, Inc. (I) 100 3,305
CoreLogic, Inc. (I) 1,400 25,900
Corinthian Colleges, Inc. (I) 1,100 4,862
Corn Products International, Inc. 1,100 57,002
Corning, Inc. 14,200 292,946
Corrections Corp. of America (I) 1,700 41,480
Corvel Corp. (I) 200 10,636
CoStar Group, Inc. (I) 300 18,804
Costco Wholesale Corp. 3,600 263,952
Courier Corp. 200 2,792
Covance, Inc. (I) 900 49,248
Covanta Holding Corp. 984 16,807
Coventry Health Care, Inc. (I) 2,100 66,969
Cowen Group, Inc., Class A (I) 1,000 4,010
CPI Corp. 300 6,753
CRA International, Inc. (I) 300 8,649
Cracker Barrel Old Country Store, Inc. 300 14,742
Crane Company 800 38,744
Cray, Inc. (I) 400 2,580
Credit Acceptance Corp. (I) 500 35,480
Cree, Inc. (I)(L) 1,100 50,776
CROCS, Inc. (I) 900 16,056
Cross Country Healthcare, Inc. (I) 500 3,915
Crosstex Energy, Inc. 1,000 9,950
Crown Castle International Corp. (I) 1,900 80,845
Crown Holdings, Inc. (I) 1,300 50,154
CryoLife, Inc. (I) 300 1,830
CSG Systems International, Inc. (I) 400 7,976
CSX Corp. 3,891 305,833
CTS Corp. 400 4,320
Cubic Corp. 300 17,250
Cubist Pharmaceuticals, Inc. (I) 900 22,716
Cullen/Frost Bankers, Inc. 900 53,118
Cummins, Inc. 1,408 154,345
Curtiss-Wright Corp. 600 21,084
Cutera, Inc. (I) 300 2,571
CVB Financial Corp. 900 8,379
CVR Energy, Inc. (I) 2,000 46,320
CVS Caremark Corp. 15,149 519,914
Cyberonics, Inc. (I) 200 6,362
Cymer, Inc. (I) 400 22,632
Cypress Semiconductor Corp. (I) 2,100 40,698
Cytec Industries, Inc. 800 43,496
Cytokinetics, Inc. (I) 1,200 1,788
D.R. Horton, Inc. 4,100 47,765
Daktronics, Inc. 800 8,600
Dana Holding Corp. (I) 1,463 25,442
Danaher Corp. 5,400 280,260
Danvers Bancorp, Inc. 500 10,710
Darden Restaurants, Inc. 1,600 78,608

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Darling International, Inc. (I) 1,200 $ 18,444
DaVita, Inc. (I) 1,400 119,714
Dawson Geophysical Company (I) 200 8,776
DealerTrack Holdings, Inc. (I) 400 9,184
Dean Foods Company (I) 2,300 23,000
Deckers Outdoor Corp. (I) 600 51,690
Deere & Company 2,900 280,981
Delek US Holdings, Inc. 1,200 16,272
Dell, Inc. (I) 12,900 187,179
Delphi Financial Group, Inc., Class A 1,000 30,710
Delta Air Lines, Inc. (I) 10,200 99,960
Deltek, Inc. (I) 800 6,080
Deltic Timber Corp. 100 6,684
Deluxe Corp. 800 21,232
DemandTec, Inc. (I) 400 5,264
Denbury Resources, Inc. (I) 5,623 137,201
Dendreon Corp. (I) 1,100 41,173
DENTSPLY International, Inc. 2,100 77,679
DepoMed, Inc. (I) 1,200 12,048
Destination Maternity Corp. 800 18,456
Devon Energy Corp. 3,900 357,903
DeVry, Inc. 800 44,056
DexCom, Inc. (I) 600 9,312
DG Fastchannel, Inc. (I) 400 12,888
Diamond Foods, Inc. 300 16,740
Diamond Offshore Drilling, Inc. (L) 1,600 124,320
Dice Holdings, Inc. (I) 1,000 15,110
Dick’s Sporting Goods, Inc. (I) 1,200 47,976
Diebold, Inc. 1,000 35,460
Digi International, Inc. (I) 500 5,280
Digimarc Corp. (I) 200 5,780
Digital River, Inc. (I) 600 22,458
DigitalGlobe, Inc. (I) 500 14,015
Dillard’s, Inc., Class A 1,600 64,192
Dime Community Bancshares 400 5,904
DineEquity, Inc. (I) 300 16,494
Diodes, Inc. (I) 700 23,842
Dionex Corp. (I) 300 35,415
DIRECTV, Class A (I) 7,920 370,656
Discover Financial Services 7,200 173,664
Discovery Communications, Inc., Series A (I) 1,700 67,830
Discovery Communications, Inc., Series C (I) 1,800 63,378
DISH Network Corp. (I) 1,800 43,848
Dolby Laboratories, Inc., Class A (I) 500 24,605
Dole Food Company, Inc. (I)(L) 1,500 20,445
Dollar Financial Corp. (I) 600 12,450
Dollar Thrifty Automotive Group, Inc. (I) 600 40,038
Dollar Tree, Inc. (I) 1,500 83,280
Dominion Resources, Inc. 4,400 196,680
Domino’s Pizza, Inc. (I) 900 16,587
Donaldson Company, Inc. 800 49,032
Donegal Group, Inc. 304 4,064
Dorman Products, Inc. (I) 300 12,627
Dover Corp. 2,600 170,924
DPL, Inc. 1,800 49,338
Dr. Pepper Snapple Group, Inc. 3,700 137,492
DreamWorks Animation SKG, Inc. (I) 1,000 27,930
Dresser-Rand Group, Inc. (I) 1,400 75,068
Drew Industries, Inc. 500 11,165
Dril-Quip, Inc. (I) 700 55,321
drugstore.com, Inc. (I) 1,500 5,775
DSP Group, Inc. (I) 300 2,310
DST Systems, Inc. 600 31,692
DSW, Inc., Class A (I)(L) 200 7,992
DTE Energy Company 2,100 102,816

 

124

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
DTS, Inc. (I) 300 $ 13,989
Ducommun, Inc. 100 2,390
Duff & Phelps Corp. 200 3,196
Duke Energy Corp. 9,500 172,425
Dun & Bradstreet Corp. 600 48,144
Durect Corp. (I) 600 2,160
DXP Enterprises, Inc. (I) 200 4,616
Dyax Corp. (I) 600 966
Dycom Industries, Inc. (I) 500 8,670
Dynamic Materials Corp. 100 2,795
Dynegy, Inc. (I) 280 1,593
E*TRADE Financial Corp. (I) 2,050 32,042
E.I. du Pont de Nemours & Company 6,100 335,317
Eagle Bulk Shipping, Inc. (I) 900 3,348
Eagle Materials, Inc. 700 21,182
Earthlink, Inc. 2,300 18,009
East West Bancorp, Inc. 1,900 41,724
Eastman Chemical Company 900 89,388
Eastman Kodak Company (I)(L) 3,608 11,654
Eaton Corp. 3,200 177,408
Eaton Vance Corp. (L) 1,600 51,584
eBay, Inc. (I) 10,900 338,336
Ebix, Inc. (I) 600 14,190
Echelon Corp. (I) 700 7,091
EchoStar Corp., Class A (I) 500 18,925
Ecolab, Inc. 1,644 83,877
Edison International 2,200 80,498
Edwards Lifesciences Corp. (I) 1,000 87,000
eHealth, Inc. (I) 200 2,660
Einstein Noah Restaurant Group, Inc. 400 6,512
El Paso Corp. 5,900 106,200
El Paso Electric Company (I) 500 15,200
Electro Rent Corp. 500 8,590
Electro Scientific Industries, Inc. (I) 400 6,944
Electronic Arts, Inc. (I) 4,600 89,838
Electronics for Imaging, Inc. (I) 1,100 16,181
Eli Lilly & Company 7,300 256,741
Elizabeth Arden, Inc. (I) 600 18,006
EMC Corp. (I) 18,095 480,422
EMC Insurance Group, Inc. 260 6,456
EMCOR Group, Inc. (I) 1,000 30,970
Emdeon, Inc., Class A (I) 1,300 20,943
Emergency Medical    
Services Corp., Class A (I) 400 25,436
Emergent Biosolutions, Inc. (I) 500 12,080
Emeritus Corp. (I) 200 5,092
Emerson Electric Company 5,475 319,904
Employers Holdings, Inc. 600 12,396
EMS Technologies, Inc. (I) 200 3,931
Emulex Corp. (I) 1,300 13,871
Encore Bancshares, Inc. (I) 200 2,428
Encore Capital Group, Inc. (I) 600 14,214
Encore Wire Corp. 500 12,170
Endo Pharmaceuticals Holdings, Inc. (I) 1,700 64,872
Ener1, Inc. (I)(L) 1,500 4,440
Energen Corp. 1,100 69,432
Energizer Holdings, Inc. (I) 1,100 78,276
Energy Conversion Devices, Inc. (I)(L) 500 1,130
Energy Partners, Ltd. (I) 600 10,800
Energy Recovery, Inc. (I) 600 1,908
EnergySolutions, Inc. 1,900 11,324
EnerSys (I) 900 35,775
Ennis, Inc. 200 3,406
EnPro Industries, Inc. (I) 300 10,896
Entegris, Inc. (I) 1,700 14,909

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Entercom Communications Corp., Class A (I) 700 $ 7,714
Entergy Corp. 1,400 94,094
Enterprise Financial Services Corp. 100 1,407
Enzo Biochem, Inc. (I) 1,300 5,447
Enzon Pharmaceuticals, Inc. (I) 700 7,630
EOG Resources, Inc. 2,400 284,424
Epicor Software Corp. (I) 800 8,856
EPIQ Systems, Inc. 400 5,744
ePlus, Inc. (I) 300 7,983
Epoch Holding Corp. 11 174
EQT Corp. 1,200 59,880
Equifax, Inc. 1,800 69,930
Equinix, Inc. (I) 754 68,689
eResearch Technology, Inc. (I) 800 5,416
Erie Indemnity Company 800 56,888
ESCO Technologies, Inc. 400 15,260
ESSA Bancorp, Inc. 200 2,640
Esterline Technologies Corp. (I) 400 28,288
Ethan Allen Interiors, Inc. 400 8,760
Euronet Worldwide, Inc. (I) 830 16,044
Evercore Partners, Inc., Class A 300 10,287
EW Scripps Company (I) 800 7,920
Exactech, Inc. (I) 100 1,755
Exar Corp. (I) 600 3,612
EXCO Resources, Inc. 1,900 39,254
Exelixis, Inc. (I) 1,500 16,950
Exelon Corp. 4,828 199,107
Exide Technologies (I) 1,700 19,006
ExlService Holdings, Inc. (I) 500 10,575
Expeditors International of Washington, Inc. 1,800 90,252
Exponent, Inc. (I) 300 13,383
Express Scripts, Inc. (I) 3,800 211,318
Exterran Holdings, Inc. (I) 1,200 28,476
Extreme Networks, Inc. (I) 1,700 5,950
Exxon Mobil Corp. 35,899 3,020,183
EZCORP, Inc., Class A (I) 500 15,695
F5 Networks, Inc. (I) 600 61,542
FactSet Research Systems, Inc. 300 31,419
Fair Isaac Corp. 700 22,127
Fairchild Semiconductor International, Inc. (I) 2,200 40,040
FalconStor Software, Inc. (I) 800 3,640
Family Dollar Stores, Inc. 1,400 71,848
Farmer Brothers Company 400 4,848
FARO Technologies, Inc. (I) 400 16,000
Fastenal Company (L) 1,200 77,796
FBL Financial Group, Inc., Class A 500 15,360
Federal Agricultural Mortgage Corp., Class C 300 5,733
Federal Mogul Corp. (I) 1,500 37,350
Federal Signal Corp. 1,100 7,161
Federated Investors, Inc., Class B 1,400 37,450
FedEx Corp. 2,700 252,585
FEI Company (I) 500 16,860
Ferro Corp. (I) 1,100 18,249
FiberTower Corp. (I) 900 1,809
Fidelity National Financial, Inc., Class A 4,200 59,346
Fidelity National Information Services, Inc. 4,100 134,029
Fifth Third Bancorp 11,000 152,680
Financial Institutions, Inc. 100 1,750
Finisar Corp. (I) 1,100 27,060
First Acceptance Corp. (I) 800 1,536
First American Financial Corp. 1,400 23,100
First Bancorp/Troy NC 300 3,978
First Busey Corp. 1,300 6,604
First Cash Financial Services, Inc. (I) 400 15,440
First Commonwealth Financial Corp. 1,500 10,275

 

125

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
First Community Bancshares, Inc. 300 $ 4,254
First Financial Bancorp 1,000 16,690
First Financial Bankshares, Inc. (L) 300 15,411
First Financial Corp./Indiana 200 6,648
First Financial Holdings, Inc. 100 1,131
First Financial Northwest, Inc. (I) 500 2,850
First Horizon National Corp. 3,254 36,477
First Merchants Corp. 300 2,481
First Midwest Bancorp, Inc. 800 9,432
First Niagara Financial Group, Inc. 2,094 28,437
First Security Group, Inc. (I) 300 279
First Solar, Inc. (I)(L) 500 80,420
FirstEnergy Corp. 2,837 105,224
FirstMerit Corp. 1,318 22,485
Fiserv, Inc. (I) 2,300 144,256
Fisher Communications, Inc. (I) 100 3,108
Flanders Corp. (I) 1,100 3,575
FLIR Systems, Inc. 1,300 44,993
Flowers Foods, Inc. 1,100 29,953
Flowserve Corp. 500 64,400
Fluor Corp. 2,500 184,150
Flushing Financial Corp. 800 11,920
FMC Corp. 800 67,944
FMC Technologies, Inc. (I) 1,100 103,928
FNB Corp. 1,800 18,972
Foot Locker, Inc. 2,300 45,356
Ford Motor Company (I) 24,900 371,259
Forest City Enterprises, Inc., Class A (I) 2,100 39,543
Forest Laboratories, Inc. (I) 4,100 132,430
Forest Oil Corp. (I) 1,500 56,745
Forestar Group, Inc. (I) 400 7,608
FormFactor, Inc. (I) 945 9,734
Forrester Research, Inc. 300 11,487
Fortinet, Inc. (I) 1,000 44,000
Fortune Brands, Inc. 2,100 129,969
Forward Air Corp. 500 15,315
Fossil, Inc. (I) 1,000 93,650
Foster Wheeler AG (I) 200 7,524
Franklin Electric Company, Inc. 300 13,860
Franklin Resources, Inc. 1,600 200,128
Fred’s, Inc., Class A 900 11,988
Freeport-McMoRan Copper & Gold, Inc. 7,000 388,850
FreightCar America, Inc. (I) 100 3,251
Frontier Communications Corp. 9,012 74,079
Frontier Oil Corp. 1,500 43,980
FTI Consulting, Inc. (I)(L) 700 26,831
Fuel Systems Solutions, Inc. (I) 300 9,054
Fuel Tech, Inc. (I) 500 4,450
Fuelcell Energy, Inc. (I) 600 1,284
Fulton Financial Corp. 2,800 31,108
Furiex Pharmaceuticals, Inc. (I) 125 2,110
Furmanite Corp. (I) 344 2,752
Furniture Brands International, Inc. (I) 300 1,365
FX Energy, Inc. (I) 1,300 10,868
G&K Services, Inc., Class A 200 6,650
G-III Apparel Group, Ltd. (I) 200 7,516
GAMCO Investors, Inc., Class A 100 4,636
GameStop Corp., Class A (I)(L) 2,300 51,796
Gannett Company, Inc. 2,600 39,598
Gardner Denver, Inc. 1,100 85,833
Gartner, Inc. (I) 1,400 58,338
GATX Corp. 900 34,794
Gaylord Entertainment Company (I) 900 31,212
Gen-Probe, Inc. (I) 700 46,445
GenCorp, Inc. (I) 500 2,990

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
General Cable Corp. (I) 900 $ 38,970
General Communication, Inc., Class A (I) 1,000 10,940
General Dynamics Corp. 3,228 247,136
General Electric Company 84,813 1,700,501
General Maritime Corp. 1,300 2,665
General Mills, Inc. 4,400 160,820
General Moly, Inc. (I)(L) 1,500 8,070
Genesco, Inc. (I) 400 16,080
Genesee & Wyoming, Inc., Class A (I) 700 40,740
Genomic Health, Inc. (I) 500 12,300
GenOn Energy, Inc. (I) 12,057 45,937
Gentex Corp. 1,900 57,475
Gentiva Health Services, Inc. (I) 400 11,212
Genuine Parts Company 2,200 118,008
Genworth Financial, Inc., Class A (I) 6,700 90,182
Genzyme Corp. (I) 2,354 179,257
GeoEye, Inc. (I) 400 16,632
Georesources, Inc. (I) 300 9,381
Georgia Gulf Corp. (I) 300 11,100
Gerber Scientific, Inc. (I) 200 1,872
German American Bancorp, Inc. 200 3,438
Geron Corp. (I) 2,000 10,100
GFI Group, Inc. 2,600 13,052
Gibraltar Industries, Inc. (I) 200 2,386
Gilead Sciences, Inc. (I) 5,900 250,396
Glacier Bancorp, Inc. 1,200 18,060
Gleacher & Company, Inc. (I) 1,300 2,262
Global Cash Access Holdings, Inc. (I) 1,000 3,270
Global Industries, Ltd. (I) 2,600 25,454
Global Payments, Inc. 1,100 53,812
Globe Specialty Metals, Inc. 1,000 22,760
Globecomm Systems, Inc. (I) 400 4,932
GMX Resources, Inc. (I)(L) 100 617
Golden Star Resources, Ltd. (I) 1,500 4,425
Goodrich Corp. 1,200 102,636
Goodrich Petroleum Corp. (I) 600 13,332
Google, Inc., Class A (I) 1,800 1,055,178
GP Strategies Corp. (I) 499 6,786
Graco, Inc. 800 36,392
GrafTech International, Ltd. (I) 1,700 35,071
Graham Corp. 300 7,182
Gran Tierra Energy, Inc. (I) 50 400
Grand Canyon Education, Inc. (I) 600 8,700
Granite Construction, Inc. (L) 500 14,050
Graphic Packaging Holding Company (I) 5,900 31,978
Gray Television, Inc. (I) 1,400 2,898
Great Lakes Dredge & Dock Corp. 800 6,104
Great Plains Energy, Inc. 2,000 40,040
Great Southern Bancorp, Inc. 200 4,290
Greatbatch, Inc. (I) 300 7,938
Green Mountain Coffee Roasters, Inc. (I)(L) 1,950 125,990
Green Plains Renewable Energy, Inc. (I)(L) 400 4,808
Greenbrier Companies, Inc. (I) 300 8,514
Greene County Bancshares, Inc. (I)(L) 200 558
Greenhill & Company, Inc. (L) 500 32,895
Greif, Inc., Class A 300 19,623
Griffon Corp. (I) 653 8,574
Group 1 Automotive, Inc. 500 21,400
GSI Commerce, Inc. (I) 700 20,489
GSI Technology, Inc. (I) 800 7,272
GT Solar International, Inc. (I) 1,900 20,254
GTx, Inc. (I) 600 1,542
Guess?, Inc. 700 27,545
Gulf Islands Fabrication, Inc. 100 3,217
Gulfmark Offshore, Inc., Class A (I) 400 17,804

 

126

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Gulfport Energy Corp. (I) 900 $ 32,535
H&E Equipment Services, Inc. (I) 700 13,657
H&R Block, Inc. (L) 2,100 35,154
H.B. Fuller Company 600 12,888
H.J. Heinz Company 2,100 102,522
Haemonetics Corp. (I) 400 26,216
Halliburton Company 5,800 289,072
Hallmark Financial Services, Inc. (I) 500 4,190
Halozyme Therapeutics, Inc. (I) 1,500 10,065
Hancock Holding Company 500 16,420
Hanesbrands, Inc. (I) 1,200 32,448
Hanger Orthopedic Group, Inc. (I) 700 18,221
Hansen Natural Corp. (I) 700 42,161
Harley-Davidson, Inc. 2,800 118,972
Harleysville Group, Inc. 600 19,878
Harman International Industries, Inc. 1,100 51,502
Harmonic, Inc. (I) 1,700 15,946
Harris & Harris Group, Inc. (I) 600 3,228
Harris Corp. 1,900 94,240
Harsco Corp. 1,100 38,819
Harte-Hanks, Inc. 1,400 16,660
Hartford Financial Services Group, Inc. 5,900 158,887
Harvest Natural Resources, Inc. (I) 500 7,620
Hasbro, Inc. 1,400 65,576
Haverty Furniture Companies, Inc. 300 3,978
Hawaiian Electric Industries, Inc. (L) 1,300 32,240
Hawaiian Holdings, Inc. (I) 1,000 6,010
Hawkins, Inc. 200 8,216
Haynes International, Inc. 100 5,545
HCC Insurance Holdings, Inc. 1,600 50,096
Headwaters, Inc. (I) 1,000 5,900
Health Management    
Associates, Inc., Class A (I) 4,100 44,690
Health Net, Inc. (I) 2,300 75,210
Healthcare Services Group, Inc. 900 15,822
Healthsouth Corp. (I) 1,700 42,466
Healthspring, Inc. (I) 1,000 37,370
Healthways, Inc. (I) 600 9,222
Heartland Express, Inc. 1,100 19,316
Heartland Financial USA, Inc. 400 6,800
Heartland Payment Systems, Inc. 500 8,765
Hecla Mining Company (I) 3,200 29,056
HEICO Corp. (L) 125 7,815
HEICO Corp., Class A 375 16,868
Heidrick & Struggles International, Inc. 300 8,349
Helix Energy Solutions Group, Inc. (I) 1,500 25,800
Helmerich & Payne, Inc. 1,900 130,511
Henry Schein, Inc. (I) 1,400 98,238
Hercules Offshore, Inc. (I) 900 5,949
Herman Miller, Inc. 900 24,741
Hertz Global Holdings, Inc. (I) 6,800 106,284
Hess Corp. 3,364 286,646
Hewlett-Packard Company 20,300 831,691
Hexcel Corp. (I) 1,400 27,566
HFF, Inc. (I) 500 7,520
hhgregg, Inc. (I) 500 6,695
Hi-Tech Pharmacal Company, Inc. (I) 200 4,026
Hibbett Sports, Inc. (I) 400 14,324
Hill International, Inc. (I) 800 4,232
Hill-Rom Holdings, Inc. 900 34,182
Hillenbrand, Inc. 900 19,350
Hilltop Holdings, Inc. (I) 1,200 12,048
Hittite Microwave Corp. (I) 500 31,885
HMS Holdings Corp. (I) 400 32,740
HNI Corp. 600 18,936

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Hoku Corp. (I) 1,300 $ 2,600
Holly Corp. 800 48,608
Hologic, Inc. (I) 3,800 84,360
Home Bancshares, Inc. 228 5,187
Home Depot, Inc. 13,104 485,634
Home Federal Bancorp, Inc. 200 2,356
Honeywell International, Inc. 5,398 322,315
Hooker Furniture Corp. 200 2,392
Horace Mann Educators Corp. 800 13,440
Horizon Lines, Inc. 900 765
Hormel Foods Corp. 3,400 94,656
Hornbeck Offshore Services, Inc. (I) 600 18,510
Horsehead Holding Corp. (I) 700 11,935
Hospira, Inc. (I) 1,700 93,840
Hot Topic, Inc. 1,000 5,700
Houston American Energy Corp. 500 7,705
Houston Wire & Cable Company 400 5,848
Hovnanian Enterprises, Inc., Class A (I)(L) 1,200 4,236
HSN, Inc. (I) 1,020 32,671
HUB Group, Inc., Class A (I) 300 10,857
Hubbell, Inc., Class B 800 56,824
Hudson City Bancorp, Inc. 6,600 63,888
Hudson Highland Group, Inc. (I) 200 1,300
Hudson Valley Holding Corp. 220 4,840
Hughes Communications, Inc. (I) 400 23,868
Human Genome Sciences, Inc. (I) 1,500 41,175
Humana, Inc. (I) 2,900 202,826
Huntington Bancshares, Inc. 11,700 77,688
Huntington Ingalls Industries, Inc. (I) 467 19,367
Huntsman Corp. 1,400 24,332
Huron Consulting Group, Inc. (I) 600 16,614
Hutchinson Technology, Inc. (I) 200 564
Hyatt Hotels Corp., Class A (I) 500 21,520
Hypercom Corp. (I) 400 4,812
IAC/InterActiveCorp (I) 1,600 49,424
IBERIABANK Corp. 400 24,052
ICF International, Inc. (I) 200 4,108
Iconix Brand Group, Inc. (I) 1,200 25,776
ICU Medical, Inc. (I) 200 8,756
IDACORP, Inc. 700 26,670
Idenix Pharmaceuticals, Inc. (I) 400 1,328
IDEX Corp. 1,100 48,015
IDEXX Laboratories, Inc. (I) 500 38,610
IDT Corp., Class B 500 13,475
iGate Corp. 650 12,201
IHS, Inc., Class A (I) 700 62,125
II-VI, Inc. (I) 400 19,900
Illinois Tool Works, Inc. 4,100 220,252
Illumina, Inc. (I)(L) 1,100 77,077
Imation Corp. (I) 600 6,684
Immersion Corp. (I) 300 2,292
Immucor, Inc. (I) 800 15,824
Immunogen, Inc. (I) 500 4,535
Immunomedics, Inc. (I) 900 3,438
Impax Laboratories, Inc. (I) 700 17,815
Imperial Sugar Company 300 4,002
Incyte Corp. (I) 977 15,485
Independence Holding Company 200 1,596
Independent Bank Corp. - MA (L) 500 13,505
Infinera Corp. (I) 900 7,551
Informatica Corp. (I) 1,200 62,676
InfoSpace, Inc. (I) 300 2,598
Ingles Markets, Inc. 100 1,981
Ingram Micro, Inc., Class A (I) 2,500 52,575
Innerworkings, Inc. (I) 1,000 7,380

 

127

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Innophos Holdings, Inc. 300 $ 13,833
Inovio Biomedical Corp. (I) 300 330
Insight Enterprises, Inc. (I) 1,000 17,030
Insituform Technologies, Inc., Class A (I) 700 18,725
Insperity, Inc. 300 9,114
Inspire Pharmaceuticals, Inc. (I) 1,400 5,544
Insteel Industries, Inc. 500 7,070
Insulet Corp. (I) 400 8,248
Integra LifeSciences Holdings Corp. (I) 300 14,226
Integrated Device Technology, Inc. (I) 2,400 17,688
Integrated Silicon Solution, Inc. (I) 500 4,635
Integrys Energy Group, Inc. 1,000 50,510
Intel Corp. 50,800 1,024,636
Inter Parfums, Inc. 500 9,255
Interactive Brokers Group, Inc., Class A 400 6,356
Interactive Intelligence, Inc. (I) 200 7,742
IntercontinentalExchange, Inc. (I) 800 98,832
InterDigital, Inc. 600 28,626
Interface, Inc., Class A 1,200 22,188
Interline Brands, Inc. (I) 500 10,200
Intermec, Inc. (I) 1,300 14,027
InterMune, Inc. (I) 600 28,314
Internap Network Services Corp. (I) 800 5,256
International Bancshares Corp. (L) 1,300 23,842
International Business Machines Corp. 9,100 1,483,937
International Coal Group, Inc. (I) 3,000 33,900
International Flavors & Fragrances, Inc. 700 43,610
International Game Technology 2,400 38,952
International Paper Company 5,500 165,990
International Rectifier Corp. (I) 900 29,754
International Shipholding Corp. 200 4,980
International Speedway Corp., Class A 500 14,900
Internet Capital Group, Inc. (I) 800 11,360
Intersections, Inc. 1,100 13,640
Intersil Corp., Class A 1,600 19,920
Interval Leisure Group, Inc. (I) 720 11,772
Intevac, Inc. (I) 200 2,486
Intl. FCStone, Inc. (I) 300 7,626
Intrepid Potash, Inc. (I) 1,000 34,820
Intuit, Inc. (I) 2,000 106,200
Intuitive Surgical, Inc. (I) 400 133,384
Invacare Corp. 700 21,784
Invesco, Ltd. 6,400 163,584
Investment Technology Group, Inc. (I) 900 16,371
Investors Bancorp, Inc. (I) 2,811 41,856
ION Geophysical Corp. (I) 1,500 19,035
IPC The Hospitalist Company, Inc. (I) 200 9,082
IPG Photonics Corp. (I) 600 34,608
Iridium Communications, Inc. (I) 1,092 8,703
IRIS International, Inc. (I) 300 2,706
iRobot Corp. (I) 500 16,445
Iron Mountain, Inc. 2,575 80,417
Isle of Capri Casinos, Inc. (I) 600 5,700
ITC Holdings Corp. 700 48,930
Itron, Inc. (I) 600 33,864
ITT Corp. 2,600 156,130
ITT Educational Services, Inc. (I)(L) 500 36,075
Ixia (I) 800 12,704
IXYS Corp. (I) 300 4,029
J & J Snack Foods Corp. 190 8,943
J.B. Hunt Transport Services, Inc. 1,100 49,962
J.C. Penney Company, Inc. 3,200 114,912
j2 Global Communications, Inc. (I) 600 17,706
Jabil Circuit, Inc. 3,000 61,290
Jack Henry & Associates, Inc. 1,200 40,668

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Jack in the Box, Inc. (I) 900 $ 20,412
Jackson Hewitt Tax Service, Inc. (I) 100 60
Jacobs Engineering Group, Inc. (I) 1,600 82,288
Jaguar Mining, Inc. (I) 600 3,138
Jakks Pacific, Inc. (I) 200 3,870
James River Coal Company (I) 700 16,919
Janus Capital Group, Inc. 2,400 29,928
Jarden Corp. 1,500 53,355
Jazz Pharmaceuticals, Inc. (I) 800 25,480
JDA Software Group, Inc. (I) 502 15,191
JDS Uniphase Corp. (I) 3,000 62,520
Jefferies Group, Inc. (L) 2,400 59,856
JetBlue Airways Corp. (I)(L) 4,600 28,842
JMP Group, Inc. 400 3,444
John Bean Technologies Corp. 343 6,596
John Wiley & Sons, Inc. 700 35,588
Johnson & Johnson 20,059 1,188,496
Johnson Controls, Inc. 6,100 253,577
Jones Lang LaSalle, Inc. 700 69,818
Jos. A. Bank Clothiers, Inc. (I) 300 15,264
Journal Communications, Inc., Class A (I) 1,100 6,600
Joy Global, Inc. 1,100 108,691
JPMorgan Chase & Company 49,179 2,267,152
Juniper Networks, Inc. (I) 4,800 201,984
K-Swiss, Inc., Class A (I) 400 4,508
K-V Pharmaceutical Company, Class A (I) 1,100 6,589
K12, Inc. (I) 500 16,850
Kadant, Inc. (I) 100 2,619
Kaiser Aluminum Corp. 400 19,700
Kaman Corp., Class A 400 14,080
Kansas City Southern (I) 1,400 76,230
KapStone Paper and Packaging Corp. (I) 600 10,302
Kaydon Corp. 500 19,595
KB Home 1,200 14,928
KBR, Inc. 2,900 109,533
KBW, Inc. 500 13,095
Kearny Financial Corp. 500 5,015
Kellogg Company 2,428 131,063
Kelly Services, Inc., Class A (I) 400 8,684
Kendle International, Inc. (I) 100 1,071
Kenexa Corp. (I) 600 16,554
Kennametal, Inc. 1,174 45,786
Kensey Nash Corp. (I) 100 2,491
Key Energy Services, Inc. (I) 2,700 41,985
KeyCorp 9,900 87,912
Kforce, Inc. (I) 400 7,320
Kid Brands, Inc. (I) 200 1,470
Kimball International, Inc., Class B 200 1,400
Kimberly-Clark Corp. 2,800 182,756
Kindred Healthcare, Inc. (I) 600 14,328
Kinetic Concepts, Inc. (I) 900 48,978
Kirby Corp. (I) 800 45,832
Kirkland’s, Inc. (I) 500 7,720
KLA-Tencor Corp. 2,500 118,425
Knight Capital Group, Inc., Class A (I) 1,400 18,760
Knight Transportation, Inc. 1,100 21,175
Knoll, Inc. 800 16,768
Knology, Inc. (I) 800 10,328
Kodiak Oil & Gas Corp. (I) 1,900 12,730
Kohl’s Corp. 2,742 145,436
Kopin Corp. (I) 500 2,295
Koppers Holdings, Inc. 100 4,270
Korn/Ferry International (I) 800 17,816
Kraft Foods, Inc., Class A 19,400 608,384
Krispy Kreme Doughnuts, Inc. (I) 1,400 9,856

 

128

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Kronos Worldwide, Inc. 1,600 $ 93,520
Kulicke & Soffa Industries, Inc. (I) 1,200 11,220
KVH Industries, Inc. (I) 200 3,024
L&L Energy, Inc. (I)(L) 500 3,460
L-1 Identity Solutions, Inc. (I) 1,600 18,848
L-3 Communications Holdings, Inc. 1,500 117,465
L.B. Foster Company 200 8,622
La-Z-Boy, Inc. (I) 2,000 19,100
LaBarge, Inc. (I) 200 3,540
Laboratory Corp. of America Holdings (I) 1,200 110,556
Ladish Company, Inc. (I) 100 5,465
Lakeland Bancorp, Inc. 210 2,180
Lakeland Financial Corp. 200 4,536
Lam Research Corp. (I) 1,200 67,992
Lamar Advertising Company, Class A (I) 1,100 40,634
Lancaster Colony Corp. 400 24,240
Landauer, Inc. 100 6,152
Landec Corp. (I) 300 1,950
Landstar System, Inc. 800 36,544
Lannett Company, Inc. (I) 600 3,348
Las Vegas Sands Corp. (I) 6,100 257,542
Lattice Semiconductor Corp. (I) 2,576 15,198
Lawson Products, Inc. 300 6,912
Lawson Software, Inc. (I) 2,200 26,620
Layne Christensen Company (I) 400 13,800
Leap Wireless International, Inc. (I) 1,400 21,686
Leapfrog Enterprises, Inc. (I) 1,000 4,320
Lear Corp. 1,000 48,870
Learning Tree International, Inc. 300 2,637
LECG Corp. (I) 400 81
Legacy Bancorp, Inc. 100 1,278
Legg Mason, Inc. 2,100 75,789
Leggett & Platt, Inc. 2,200 53,900
Lender Processing Services, Inc. 800 25,752
Lennar Corp., Class A 2,400 43,488
Lennar Corp., Class B 500 7,335
Lennox International, Inc. 700 36,806
Leucadia National Corp. 3,400 127,636
Lexmark International, Inc., Class A (I) 1,065 39,448
LHC Group, Inc. (I) 200 6,000
Libbey, Inc. (I) 400 6,600
Liberty Global, Inc., Series A (I) 1,900 78,679
Liberty Global, Inc., Series C (I) 1,800 71,982
Liberty Media Corp. - Capital, Series A (I) 1,800 132,606
Liberty Media Corp. - Interactive, Series A (I) 9,300 149,172
Liberty Media Corp. - Starz, Series A (I) 720 55,872
Life Partners Holdings, Inc. (L) 156 1,254
Life Technologies Corp. (I) 2,600 136,292
Life Time Fitness, Inc. (I) 800 29,848
LifePoint Hospitals, Inc. (I) 800 32,144
Lifeway Foods, Inc. (I) 200 2,084
Limelight Networks, Inc. (I) 2,200 15,752
Limited Brands, Inc. 3,200 105,216
Limoneira Company 169 4,005
LIN TV Corp., Class A (I) 700 4,151
Lincare Holdings, Inc. 1,350 40,041
Lincoln Educational Services Corp. 400 6,356
Lincoln Electric Holdings, Inc. 600 45,552
Lincoln National Corp. 4,100 123,164
Lindsay Corp. 100 7,902
Linear Technology Corp. 1,959 65,881
Lionbridge Technologies, Inc. (I) 600 2,058
Liquidity Services, Inc. (I) 200 3,572
Littelfuse, Inc. 500 28,550
Live Nation Entertainment, Inc. (I) 2,176 21,760

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
LKQ Corp. (I) 1,800 $ 43,380
LMI Aerospace, Inc. (I) 200 4,042
Lockheed Martin Corp. 2,500 201,000
Loews Corp. 4,565 196,706
LogMeIn, Inc. (I) 200 8,432
LoopNet, Inc. (I) 700 9,905
Loral Space & Communications, Inc. (I) 500 38,775
Lorillard, Inc. 1,100 104,511
Louisiana-Pacific Corp. (I) 1,900 19,950
Lowe’s Companies, Inc. 13,000 343,590
LSB Industries, Inc. (I) 200 7,928
LSI Corp. (I) 8,483 57,684
LSI Industries, Inc. 300 2,172
LTX-Credence Corp. (I) 433 3,953
Lubrizol Corp. 600 80,376
Luby’s, Inc. (I) 139 735
Lufkin Industries, Inc. 400 37,388
Luminex Corp. (I) 700 13,132
Lydall, Inc. (I) 600 5,334
M&F Worldwide Corp. (I) 300 7,536
M&T Bank Corp. 1,834 162,254
M/I Homes, Inc. (I) 300 4,497
Mac-Gray Corp. 400 6,452
Macy’s, Inc. 6,100 147,986
Madison Square Garden, Inc., Class A (I) 1,025 27,665
Magellan Health Services, Inc. (I) 500 24,540
Maidenform Brands, Inc. (I) 400 11,428
MainSource Financial Group, Inc. 700 7,007
Manhattan Associates, Inc. (I) 400 13,088
Mannatech, Inc. (I) 400 656
Mannkind Corp. (I)(L) 813 2,967
Manpower, Inc. 1,227 77,154
ManTech International Corp., Class A (I) 300 12,720
Marathon Oil Corp. 7,800 415,818
Marchex, Inc., Class B 200 1,574
Marcus Corp. 300 3,270
MarineMax, Inc. (I) 300 2,958
Markel Corp. (I) 300 124,335
MarketAxess Holdings, Inc. 300 7,260
Marriott International, Inc., Class A 2,429 86,424
Marsh & McLennan Companies, Inc. 4,400 131,164
Marshall & Ilsley Corp. 6,900 55,131
Marten Transport, Ltd. 400 8,920
Martin Marietta Materials, Inc. (L) 800 71,736
Masco Corp. 5,300 73,776
Masimo Corp. (L) 1,000 33,100
Massey Energy Company (L) 1,500 102,540
MasTec, Inc. (I) 600 12,480
Mastech Holdings, Inc. (I) 13 60
MasterCard, Inc., Class A 800 201,376
Materion Corp. (I) 300 12,240
Matrix Service Company (I) 500 6,950
Mattel, Inc. 3,937 98,149
Matthews International Corp., Class A 400 15,420
Mattson Technology, Inc. (I) 1,300 3,172
Maxim Integrated Products, Inc. 4,100 104,960
MAXIMUS, Inc. 200 16,234
Maxwell Technologies, Inc. (I) 400 6,908
Maxygen, Inc. 300 1,560
MB Financial, Inc. 900 18,864
MBIA, Inc. (I)(L) 3,800 38,152
McCormick & Company, Inc., Class B 1,200 57,396
McCormick & Schmick’s    
Seafood Restaurants, Inc. (I) 222 1,603
McDermott International, Inc. (I) 2,400 60,936

 

129

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
McDonald’s Corp. 6,900 $ 525,021
MCG Capital Corp. 2,100 13,650
McGrath Rentcorp 500 13,635
McKesson Corp. 2,400 189,720
MDC Holdings, Inc. 700 17,745
MDU Resources Group, Inc. 1,600 36,752
Mead Johnson Nutrition Company 1,800 104,274
Meadowbrook Insurance Group, Inc. 1,100 11,385
MeadWestvaco Corp. 2,915 88,412
Measurement Specialties, Inc. (I) 300 10,218
Medallion Financial Corp. 300 2,637
MedAssets, Inc. (I) 700 10,689
MedCath Corp. (I) 500 6,975
Medco Health Solutions, Inc. (I) 3,200 179,712
Media General, Inc., Class A (I) 500 3,440
Medical Action Industries, Inc. (I) 500 4,200
Medicis Pharmaceutical Corp., Class A 900 28,836
Medidata Solutions, Inc. (I) 300 7,671
Medifast, Inc. (I) 400 7,900
Medivation, Inc. (I) 500 9,320
MEDNAX, Inc. (I) 700 46,627
Medquist Holdings, Inc. (I) 432 4,501
Medtronic, Inc. 7,244 285,051
MEMC Electronic Materials, Inc. (I) 2,874 37,247
Mentor Graphics Corp. (I) 2,200 32,186
Merck & Company, Inc. 28,370 936,494
Mercury Computer Systems, Inc. (I) 500 10,580
Mercury General Corp. 800 31,304
Meredith Corp. (L) 500 16,960
Merge Healthcare, Inc. (I) 1,400 6,832
Meridian Bioscience, Inc. 500 11,995
Meridian Interstate Bancorp, Inc. (I) 400 5,620
Merit Medical Systems, Inc. (I) 300 5,886
Meritage Homes Corp. (I) 400 9,652
Meritor, Inc. (I) 1,100 18,667
Met-Pro Corp. 200 2,380
Metalico, Inc. (I) 1,100 6,842
Methode Electronics, Inc. 400 4,832
MetLife, Inc. 9,200 411,516
Metro Bancorp, Inc. (I) 400 4,940
MetroPCS Communications, Inc. (I) 4,500 73,080
Mettler-Toledo International, Inc. (I) 300 51,600
MF Global Holdings, Ltd. (I) 2,000 16,560
MGE Energy, Inc. 300 12,147
MGIC Investment Corp. (I) 1,700 15,113
MGM Resorts International (I)(L) 5,300 69,695
Michael Baker Corp. (I) 100 2,907
Micrel, Inc. 1,100 14,828
Microchip Technology, Inc. (L) 2,000 76,020
Micromet, Inc. (I) 800 4,488
Micron Technology, Inc. (I) 12,200 139,812
MICROS Systems, Inc. (I) 1,100 54,373
Microsemi Corp. (I) 1,400 28,994
Microsoft Corp. 58,608 1,486,299
MicroStrategy, Inc., Class A (I) 100 13,448
Microvision, Inc. (I) 1,600 2,112
Midas, Inc. (I) 200 1,534
Middleby Corp. (I) 200 18,644
Middlesex Water Company 200 3,638
Miller Industries, Inc. 300 4,872
Mindspeed Technologies, Inc. (I) 400 3,384
Mine Safety Appliances Company 400 14,668
Minera Andes, Inc. (I) 3,400 10,346
Minerals Technologies, Inc. 400 27,408
MIPS Technologies, Inc. (I) 500 5,245

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
MKS Instruments, Inc. 800 $ 26,640
Mobile Mini, Inc. (I) 800 19,216
Modine Manufacturing Company (I) 1,300 20,982
ModusLink Global Solutions, Inc. 200 1,092
Mohawk Industries, Inc. (I) 1,200 73,380
Molex, Inc., Class A 1,000 20,690
Molina Healthcare, Inc. (I) 600 24,000
Molson Coors Brewing Company 2,300 107,847
Monarch Casino & Resort, Inc. (I) 200 2,080
MoneyGram International, Inc. (I) 1,400 4,802
Monolithic Power Systems, Inc. (I) 300 4,257
Monotype Imaging Holdings, Inc. (I) 600 8,700
Monro Muffler Brake, Inc. 300 9,894
Monsanto Company 4,300 310,718
Monster Worldwide, Inc. (I)(L) 1,600 25,440
Moody’s Corp. 2,000 67,820
Moog, Inc., Class A (I) 800 36,728
Morgan Stanley 13,361 365,023
Morningstar, Inc. (L) 600 35,028
MoSys, Inc. (I) 900 5,409
Motorola Mobility Holdings, Inc. (I) 2,562 62,513
Motorola Solutions, Inc. (I) 2,928 130,852
Movado Group, Inc. (L) 300 4,404
Move, Inc. (I) 2,500 5,975
MSC Industrial Direct Company, Inc., Class A 500 34,235
MSCI, Inc. (I) 1,226 45,141
MTS Systems Corp. 200 9,110
Mueller Industries, Inc. 800 29,296
Mueller Water Products, Inc. 1,800 8,064
Multi-Color Corp. 100 2,021
Multi-Fineline Electronix, Inc. (I) 300 8,466
Multimedia Games, Inc. (I) 1,200 6,876
Murphy Oil Corp. 1,700 124,814
MWI Veterinary Supply, Inc. (I) 200 16,136
Myers Industries, Inc. 300 2,979
Mylan, Inc. (I) 4,200 95,214
MYR Group, Inc. (I) 300 7,176
Myriad Genetics, Inc. (I) 1,200 24,180
Myriad Pharmaceuticals, Inc. (I) 250 965
Nabi Biopharmaceuticals (I) 400 2,324
NACCO Industries, Inc., Class A 100 11,067
Nalco Holding Company 1,300 35,503
Nanometrics, Inc. (I) 400 7,236
Nara Bancorp, Inc. (I) 700 6,734
Nash Finch Company 200 7,588
National Beverage Corp. 651 8,938
National CineMedia, Inc. 700 13,069
National Financial Partners Corp. (I) 900 13,275
National Fuel Gas Company 800 59,200
National Healthcare Corp. 100 4,649
National Instruments Corp. 1,650 54,071
National Interstate Corp. 200 4,170
National Oilwell Varco, Inc. 4,700 372,569
National Penn Bancshares, Inc. 1,500 11,610
National Presto Industries, Inc. 100 11,268
National Semiconductor Corp. 3,506 50,276
Natural Gas Services Group, Inc. (I) 100 1,776
Natus Medical, Inc. (I) 500 8,400
Navigant Consulting Company (I) 1,000 9,990
Navistar International Corp. (I) 1,000 69,330
NBT Bancorp, Inc. 300 6,837
NCR Corp. (I) 2,200 41,448
Neenah Paper, Inc. 500 10,985
Nelnet, Inc., Class A 800 17,464
Neogen Corp. (I) 350 14,483

 

130

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
NetApp, Inc. (I) 2,500 $ 120,450
Netflix, Inc. (I) 500 118,665
NETGEAR, Inc. (I) 500 16,220
Netlogic Microsystems, Inc. (I) 800 33,616
Netscout Systems, Inc. (I) 600 16,392
NetSuite, Inc. (I) 700 20,356
Network Equipment Technologies, Inc. (I) 700 2,639
Neurocrine Biosciences, Inc. (I) 1,600 12,144
NeurogesX, Inc. (I)(L) 340 1,377
NeuStar, Inc., Class A (I) 975 24,941
Neutral Tandem, Inc. (I)(L) 300 4,425
New Jersey Resources Corp. 600 25,770
New York & Company, Inc. (I) 200 1,402
New York Community Bancorp, Inc. 5,752 99,280
NewAlliance Bancshares, Inc. 2,200 32,648
Newell Rubbermaid, Inc. 3,900 74,607
Newfield Exploration Company (I) 1,900 144,419
NewMarket Corp. 300 47,466
Newmont Mining Corp. 4,000 218,320
Newpark Resources, Inc. (I) 1,011 7,946
Newport Corp. (I) 400 7,132
News Corp., Class A 16,200 284,472
News Corp., Class B 5,700 106,134
NewStar Financial, Inc. (I) 1,100 12,012
Nextera Energy, Inc. 2,900 159,848
NIC, Inc. 800 9,968
Nicor, Inc. 700 37,590
NII Holdings, Inc. (I) 2,300 95,841
NIKE, Inc., Class B 2,700 204,390
NiSource, Inc. 2,500 47,950
NL Industries, Inc. 400 5,940
Noble Corp. 100 4,562
Noble Energy, Inc. 1,500 144,975
Nordson Corp. 400 46,024
Nordstrom, Inc. 1,900 85,272
Norfolk Southern Corp. 3,828 265,166
Northeast Utilities 1,900 65,740
Northern Oil and Gas, Inc. (I) 542 14,471
Northern Trust Corp. 2,200 111,650
Northfield Bancorp, Inc. (L) 900 12,420
Northrop Grumman Corp. 2,800 175,588
Northwest Bancshares, Inc. 2,025 25,394
Northwest Natural Gas Company 400 18,452
Northwest Pipe Company (I) 200 4,586
NorthWestern Corp. 600 18,180
Novatel Wireless, Inc. (I) 600 3,276
Novavax, Inc. (I)(L) 1,200 3,108
Novell, Inc. (I) 5,700 33,801
Novellus Systems, Inc. (I) 1,400 51,982
NPS Pharmaceuticals, Inc. (I) 400 3,828
NRG Energy, Inc. (I) 3,511 75,627
NSTAR 1,100 50,897
NTELOS Holdings Corp. 400 7,364
Nu Skin Enterprises, Inc., Class A 900 25,875
Nuance Communications, Inc. (I) 4,100 80,196
Nucor Corp. 2,700 124,254
Nutraceutical International Corp. (I) 300 4,494
NutriSystem, Inc. 300 4,347
NuVasive, Inc. (I)(L) 500 12,660
NV Energy, Inc. 3,000 44,670
NVIDIA Corp. (I) 5,400 99,684
NVR, Inc. (I)(L) 100 75,600
NxStage Medical, Inc. (I) 900 19,782
NYSE Euronext 3,700 130,129
O’Reilly Automotive, Inc. (I) 2,100 120,666

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Obagi Medical Products, Inc. (I) 300 $ 3,792
Occidental Petroleum Corp. 7,601 794,228
Oceaneering International, Inc. (I) 500 44,725
OceanFirst Financial Corp. 200 2,790
Ocwen Financial Corp. (I) 1,800 19,836
Office Depot, Inc. (I) 5,200 24,076
OfficeMax, Inc. (I) 1,000 12,940
OGE Energy Corp. 900 45,504
Oil States International, Inc. (I) 900 68,526
Old Dominion Freight Line, Inc. (I) 900 31,581
Old National Bancorp 1,500 16,080
Old Republic International Corp. 3,830 48,603
Old Second Bancorp, Inc. (L) 200 200
Olin Corp. 1,500 34,380
Olympic Steel, Inc. 100 3,281
OM Group, Inc. (I) 600 21,924
Omega Flex, Inc. (I) 100 1,345
Omnicare, Inc. 1,800 53,982
Omnicell, Inc. (I) 600 9,144
Omnicom Group, Inc. 2,065 101,309
OmniVision Technologies, Inc. (I) 1,100 39,083
Omnova Solutions, Inc. (I) 1,200 9,444
On Assignment, Inc. (I) 600 5,676
ON Semiconductor Corp. (I) 4,400 43,428
OncoGenex Pharmaceutical, Inc. (I) 100 1,534
OneBeacon Insurance Group, Ltd. 300 4,059
ONEOK, Inc. 900 60,192
Online Resources Corp. (I) 800 3,024
Onyx Pharmaceuticals, Inc. (I) 700 24,626
OpenTable, Inc. (I) 300 31,905
Openwave Systems, Inc. (I) 1,800 3,852
Opko Health, Inc. (I)(L) 1,900 7,087
Oplink Communications, Inc. (I) 300 5,847
Opnet Technologies, Inc. 445 17,351
optionsXpress Holdings, Inc. 900 16,479
Oracle Corp. 31,754 1,059,631
OraSure Technologies, Inc. (I) 600 4,716
Orbital Sciences Corp., Class A (I) 900 17,028
Orbitz Worldwide, Inc. (I) 700 2,499
Orexigen Therapeutics, Inc. (I)(L) 600 1,686
Orion Marine Group, Inc. (I) 300 3,222
Oritani Financial Corp. 735 9,320
Ormat Technologies, Inc. 600 15,198
Orthovita, Inc. (I) 600 1,278
Oshkosh Corp. (I) 1,300 45,994
OSI Systems, Inc. (I) 400 15,012
Osiris Therapeutics, Inc. (I) 500 3,630
Otter Tail Corp. 600 13,638
Outdoor Channel Holdings, Inc. (I) 300 2,238
Overhill Farms, Inc. (I) 800 4,872
Overseas Shipholding Group, Inc. (L) 500 16,070
Overstock.com, Inc. (I) 200 3,144
Owens & Minor, Inc. 750 24,360
Owens Corning (I) 1,620 58,304
Owens-Illinois, Inc. (I) 2,200 66,418
Oxford Industries, Inc. 100 3,419
P.A.M. Transportation Services, Inc. (I) 300 3,645
P.F. Chang’s China Bistro, Inc. 300 13,857
P.H. Glatfelter Company 800 10,656
PACCAR, Inc. 2,556 133,807
Pacer International, Inc. (I) 200 1,052
Pacific Continental Corp. 400 4,076
Pacific Sunwear of California, Inc. (I) 400 1,444
Packaging Corp. of America 1,400 40,446
PacWest Bancorp (L) 500 10,875

 

131

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
PAETEC Holding Corp. (I) 3,400 $ 11,356
Pain Therapeutics, Inc. (I) 900 8,604
Pall Corp. 1,100 63,371
Palomar Medical Technologies, Inc. (I) 500 7,425
Panera Bread Company, Class A (I) 400 50,800
Panhandle Oil and Gas, Inc. 100 3,165
Papa John’s International, Inc. (I) 500 15,835
Par Pharmaceutical Companies, Inc. (I) 900 27,972
PAR Technology Corp. (I) 300 1,350
Parametric Technology Corp. (I) 1,500 33,735
Parexel International Corp. (I) 1,100 27,390
Park Electrochemical Corp. 400 12,900
Park National Corp. 300 20,046
Park-Ohio Holdings Corp. (I) 300 6,198
Parker Drilling Company (I) 2,500 17,275
Parker Hannifin Corp. 2,300 217,764
Patriot Coal Corp. (I) 1,400 36,162
Patterson Companies, Inc. 1,600 51,504
Patterson-UTI Energy, Inc. 2,600 76,414
Paychex, Inc. 2,465 77,302
PDI, Inc. (I) 300 2,433
PDL BioPharma, Inc. 1,900 11,020
Peabody Energy Corp. 2,000 143,920
Peet’s Coffee & Tea, Inc. (I)(L) 200 9,618
Penford Corp. (I) 100 623
Penn National Gaming, Inc. (I)(L) 1,200 44,472
Penn Virginia Corp. 500 8,480
Pennichuck Corp. 200 5,698
Penske Automotive Group, Inc. (I) 1,200 24,024
Penson Worldwide, Inc. (I) 200 1,342
Pentair, Inc. 1,400 52,906
People’s United Financial, Inc. 5,600 70,448
Peoples Bancorp, Inc. 100 1,202
Pep Boys - Manny, Moe & Jack 1,100 13,981
Pepco Holdings, Inc. 2,000 37,300
PepsiCo, Inc. 11,518 741,874
Perficient, Inc. (I) 500 6,005
Pericom Semiconductor Corp. (I) 400 4,148
PerkinElmer, Inc. 1,600 42,032
Perrigo Company 1,000 79,520
Perry Ellis International, Inc. (I) 200 5,504
PetMed Express, Inc. 300 4,758
Petrohawk Energy Corp. (I) 3,000 73,620
Petroleum Development Corp. (I) 400 19,204
Petroquest Energy, Inc. (I) 1,000 9,360
PetSmart, Inc. 1,300 53,235
Pfizer, Inc. 75,307 1,529,485
PG&E Corp. 2,765 122,158
PGT, Inc. (I) 400 940
Pharmaceutical Product Development, Inc. 1,500 41,565
Pharmasset, Inc. (I) 300 23,613
PharMerica Corp. (I) 600 6,864
PHH Corp. (I) 900 19,593
Philip Morris International, Inc. 13,207 866,775
Phillips-Van Heusen Corp. 900 58,527
Photronics, Inc. (I) 1,000 8,970
PICO Holdings, Inc. (I) 500 15,030
Piedmont Natural Gas Company, Inc. 1,200 36,420
Pier 1 Imports, Inc. (I) 1,600 16,240
Pike Electric Corp. (I) 500 4,760
Pilgrim’s Pride Corp. (I) 2,200 16,962
Pinnacle Entertainment, Inc. (I) 1,500 20,430
Pinnacle Financial Partners, Inc. (I)(L) 500 8,270
Pinnacle West Capital Corp. 1,200 51,348
Pioneer Drilling Company (I) 300 4,140

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Pioneer Natural Resources Company 1,900 $ 193,648
Piper Jaffray Companies (I) 200 8,286
Pitney Bowes, Inc. 1,800 46,242
Plains Exploration & Production Company (I) 1,900 68,837
Plantronics, Inc. 900 32,958
Plexus Corp. (I) 500 17,530
PMC-Sierra, Inc. (I) 3,400 25,500
PMFG, Inc. (I) 100 2,134
PNC Financial Services Group, Inc. 5,800 365,342
PNM Resources, Inc. 1,200 17,904
Polaris Industries, Inc. (L) 500 43,510
Polo Ralph Lauren Corp. 900 111,285
Polycom, Inc. (I) 1,300 67,405
PolyOne Corp. 1,200 17,052
Polypore International, Inc. (I) 800 46,064
Pool Corp. (L) 700 16,877
Portfolio Recovery Associates, Inc. (I) 200 17,026
Portland General Electric Company 1,100 26,147
Powell Industries, Inc. (I) 100 3,944
Power Integrations, Inc. 400 15,332
Power-One, Inc. (I)(L) 1,200 10,500
PPG Industries, Inc. 1,300 123,773
PPL Corp. 3,365 85,135
Praxair, Inc. 2,600 264,160
Pre-Paid Legal Services, Inc. (I)(L) 100 6,600
Precision Castparts Corp. 1,200 176,616
Premiere Global Services, Inc. (I) 1,100 8,382
Presidential Life Corp. 300 2,859
Prestige Brands Holdings, Inc. (I) 1,300 14,950
priceline.com, Inc. (I) 500 253,220
Pricesmart, Inc. 500 18,320
Pride International, Inc. (I) 3,000 128,850
Principal Financial Group, Inc. 4,100 131,651
PrivateBancorp, Inc. 900 13,761
ProAssurance Corp. (I) 500 31,685
Progenics Pharmaceuticals, Inc. (I) 200 1,236
Progress Energy, Inc. 2,600 119,964
Progress Software Corp. (I) 750 21,818
PROS Holdings, Inc. (I) 700 10,199
Prosperity Bancshares, Inc. (L) 700 29,939
Protective Life Corp. 900 23,895
Provident Financial Services, Inc. 1,100 16,280
Provident New York Bancorp 800 8,256
Prudential Financial, Inc. 5,100 314,058
PSS World Medical, Inc. (I) 900 24,435
Public Service Enterprise Group, Inc. 5,700 179,607
Pulse Electronics Corp. 800 4,840
Pulte Group, Inc. (I) 5,100 37,740
QEP Resources, Inc. 2,500 101,350
QLogic Corp. (I) 1,700 31,535
Quaker Chemical Corp. 100 4,017
QUALCOMM, Inc. 11,200 614,096
Quality Systems, Inc. 400 33,336
Quanex Building Products Corp. 500 9,815
Quanta Services, Inc. (I) 2,800 62,804
Quantum Corp. (I) 2,200 5,544
Quest Diagnostics, Inc. 2,600 150,072
Quest Software, Inc. (I) 1,300 33,007
Questar Corp. 2,500 43,625
Questcor Pharmaceuticals, Inc. (I) 900 12,969
Quicksilver Resources, Inc. (I) 2,800 40,068
Quidel Corp. (I) 400 4,784
Quiksilver, Inc. (I) 1,800 7,956
Qwest Communications International, Inc. 15,100 103,133
R.R. Donnelley & Sons Company 2,600 49,192

 

132

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Rackspace Hosting, Inc. (I) 2,100 $ 89,985
Radian Group, Inc. (L) 2,100 14,301
Radiant Systems, Inc. (I) 300 5,310
RadioShack Corp. (L) 1,730 25,967
RadiSys Corp. (I) 200 1,732
Ralcorp Holdings, Inc. (I) 800 54,744
Rambus, Inc. (I) 1,700 33,660
Range Resources Corp. 2,300 134,458
Raven Industries, Inc. 300 18,426
Raymond James Financial, Inc. 1,800 68,832
Raytheon Company 3,200 162,784
RBC Bearings, Inc. (I) 300 11,469
RC2 Corp. (I) 400 11,240
RealNetworks, Inc. (I) 2,800 10,416
Red Hat, Inc. (I) 1,585 71,943
Red Robin Gourmet Burgers, Inc. (I) 400 10,760
Regal Entertainment Group 1,700 22,950
Regal-Beloit Corp. 600 44,298
Regeneron Pharmaceuticals, Inc. (I) 1,100 49,434
Regions Financial Corp. 16,000 116,160
Regis Corp. 1,100 19,514
RehabCare Group, Inc. (I) 300 11,061
Reinsurance Group of America, Inc. 1,100 69,058
Reliance Steel & Aluminum Company 1,300 75,114
Renaissance Learning, Inc. 300 3,525
Renasant Corp. 200 3,396
Rent-A-Center, Inc. 1,100 38,401
Rentrak Corp. (I) 200 5,384
Republic Bancorp, Inc., Class A 300 5,844
Republic First Bancorp, Inc. (I) 700 1,953
Republic Services, Inc. 3,305 99,282
ResMed, Inc. (I)(L) 2,000 60,000
Resource America, Inc. 565 3,616
Resources Connection, Inc. 700 13,573
Retail Ventures, Inc. (I) 2,500 43,125
Revlon, Inc. (I) 600 9,522
Rex Energy Corp. (I) 800 9,320
Reynolds American, Inc. 4,800 170,544
RF Micro Devices, Inc. (I) 3,400 21,794
RG Barry Corp. 344 4,503
Richardson Electronics, Ltd. 300 3,954
Rigel Pharmaceuticals, Inc. (I) 800 5,688
RightNow Technologies, Inc. (I) 600 18,780
Rimage Corp. 200 3,230
Riverbed Technology, Inc. (I) 1,800 67,770
RLI Corp. 400 23,060
Robbins & Myers, Inc. 868 39,919
Robert Half International, Inc. 1,200 36,720
Rock-Tenn Company, Class A 600 41,610
Rockville Financial, Inc. 303 3,160
Rockwell Automation, Inc. 1,400 132,510
Rockwell Collins, Inc. 1,265 82,010
Rockwood Holdings, Inc. (I) 900 44,298
Rodman & Renshaw Capital Group, Inc. (I) 1,000 2,050
Rofin-Sinar Technologies, Inc. (I) 600 23,700
Rogers Corp. (I) 300 13,518
Rollins, Inc. 1,950 39,585
Roma Financial Corp. 200 2,214
Roper Industries, Inc. 1,400 121,044
Rosetta Resources, Inc. (I) 700 33,278
Rosetta Stone, Inc. (I) 300 3,963
Ross Stores, Inc. 1,100 78,232
Rovi Corp. (I) 1,500 80,475
Rowan Companies, Inc. (I) 1,700 75,106
Royal Caribbean Cruises, Ltd. (I) 3,900 160,914

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Royal Gold, Inc. 900 $ 47,160
RPC, Inc. (L) 2,100 53,172
RPM International, Inc. 1,700 40,341
RSC Holdings, Inc. (I) 1,400 20,132
RTI Biologics, Inc. (I) 1,400 4,004
RTI International Metals, Inc. (I) 400 12,460
Rubicon Technology, Inc. (I)(L) 400 11,072
Ruby Tuesday, Inc. (I) 1,200 15,732
Ruddick Corp. 700 27,013
Rudolph Technologies, Inc. (I) 600 6,564
Rush Enterprises, Inc., Class A (I) 500 9,900
Ruth’s Hospitality Group, Inc. (I) 900 4,644
Ryder Systems, Inc. 800 40,480
Ryland Group, Inc. 900 14,310
S&T Bancorp, Inc. 400 8,628
S1 Corp. (I) 700 4,676
Saba Software, Inc. (I) 800 7,848
Safeguard Scientifics, Inc. (I) 400 8,140
Safety Insurance Group, Inc. 200 9,222
Safeway, Inc. 5,200 122,408
Saia, Inc. (I) 300 4,917
SAIC, Inc. (I) 4,975 84,177
Saks, Inc. (I)(L) 2,500 28,275
Salesforce.com, Inc. (I) 1,100 146,938
Sally Beauty Holdings, Inc. (I)(L) 2,450 34,325
Sanders Morris Harris Group, Inc. 900 7,209
Sanderson Farms, Inc. 400 18,368
SanDisk Corp. (I) 3,500 161,315
SandRidge Energy, Inc. (I)(L) 5,388 68,966
Sandy Spring Bancorp, Inc. 300 5,538
Sangamo Biosciences, Inc. (I) 700 5,831
Sanmina-SCI Corp. (I) 1,300 14,573
Santarus, Inc. (I) 1,300 4,446
Sapient Corp. (I) 1,600 18,320
Sara Lee Corp. 6,900 121,923
Sauer-Danfoss, Inc. (I) 300 15,279
SAVVIS, Inc. (I) 804 29,820
SBA Communications Corp., Class A (I) 1,000 39,680
SCANA Corp. 1,000 39,370
Scansource, Inc. (I) 600 22,794
SCBT Financial Corp. 300 9,984
Schawk, Inc., Class A 500 9,720
Schlumberger, Ltd. 10,529 981,935
Schnitzer Steel Industries, Inc. 400 26,004
Scholastic Corp. 400 10,816
School Specialty, Inc. (I) 200 2,860
Schweitzer-Mauduit International, Inc. 300 15,183
Scientific Games Corp., Class A (I) 1,200 10,488
Scripps Networks Interactive, Inc., Class A 1,100 55,099
SeaBright Holdings, Inc. 200 2,050
Seachange International, Inc. (I) 300 2,850
SEACOR Holdings, Inc. 300 27,738
Seahawk Drilling, Inc. (I) 213 1,306
Sealed Air Corp. 2,200 58,652
Sealy Corp. (I)(L) 1,200 3,048
Sears Holdings Corp. (I)(L) 1,100 90,915
SEI Investments Company 1,800 42,984
Select Comfort Corp. (I) 800 9,648
Select Medical Holdings Corp. (I) 2,500 20,150
Selective Insurance Group, Inc. 800 13,840
Sempra Energy 1,700 90,950
Semtech Corp. (I) 800 20,016
Seneca Foods Corp., Class A (I) 200 5,974
Sensient Technologies Corp. 900 32,256
Service Corp. International 3,200 35,392

 

133

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
SFN Group, Inc. (I) 800 $ 11,272
Shenandoah Telecommunications Company 200 3,612
Shoe Carnival, Inc. (I) 300 8,415
Shuffle Master, Inc. (I) 1,100 11,748
Shutterfly, Inc. (I) 400 20,944
Sierra Bancorp 100 1,118
Sigma Designs, Inc. (I) 900 11,655
Sigma-Aldrich Corp. (L) 1,100 70,004
Signature Bank (I) 700 39,480
Silgan Holdings, Inc. 1,200 45,768
Silicon Graphics International Corp. (I) 600 12,840
Silicon Image, Inc. (I) 400 3,588
Silicon Laboratories, Inc. (I) 700 30,247
Simmons First National Corp., Class A 200 5,418
Simpson Manufacturing Company, Inc. 1,000 29,460
Sinclair Broadcast Group, Inc., Class A 1,000 12,540
Sirona Dental Systems, Inc. (I) 800 40,128
SJW Corp. 300 6,945
Skechers U.S.A., Inc., Class A (I) 400 8,216
Skilled Healthcare Group, Inc. (I) 300 4,317
Skyline Corp. 100 2,005
Skywest, Inc. 1,200 20,304
Skyworks Solutions, Inc. (I) 3,000 97,260
SLM Corp. (I) 6,700 102,510
SM Energy Company 900 66,771
Smart Balance, Inc. (I) 1,172 5,379
SMART Modular    
Technologies (WWH), Inc. (I) 1,100 8,547
Smith & Wesson Holding Corp. (I)(L) 1,700 6,035
Smith Micro Software, Inc. (I) 700 6,552
Smithfield Foods, Inc. (I) 2,500 60,150
Snap-On, Inc. 900 54,054
Snyders-Lance, Inc. 400 7,940
SolarWinds, Inc. (I) 1,000 23,460
Solera Holdings, Inc. 1,000 51,100
Solutia, Inc. (I) 1,700 43,180
Sonic Automotive, Inc. 600 8,406
Sonic Corp. (I) 600 5,430
Sonoco Products Company 1,300 47,099
SonoSite, Inc. (I) 300 9,996
Sonus Networks, Inc. (I) 1,700 6,392
Sotheby’s 800 42,080
Sourcefire, Inc. (I) 200 5,502
South Jersey Industries, Inc. 400 22,388
Southern Company 6,065 231,137
Southern Copper Corp. 5,800 233,566
Southern Union Company 1,700 48,654
Southside Bancshares, Inc. 410 8,774
Southwest Airlines Company 10,400 131,352
Southwest Bancorp, Inc. (I) 200 2,838
Southwest Gas Corp. 600 23,382
Southwestern Energy Company (I) 2,600 111,722
Spansion, Inc., Class A (I) 900 16,803
Spartan Stores, Inc. 200 2,958
Spartech Corp. (I) 400 2,900
Spectra Energy Corp. 4,600 125,028
Spectranetics Corp. (I) 700 3,297
Spectrum Brands Holdings, Inc. (I) 600 16,656
Spectrum Control, Inc. (I) 300 5,904
Spectrum Pharmaceuticals, Inc. (I) 1,100 9,779
Speedway Motorsports, Inc. 700 11,186
Spirit Aerosystems Holdings, Inc., Class A (I) 1,400 35,938
Sprint Nextel Corp. (I) 31,300 145,232
SPX Corp. 800 63,512
SRA International, Inc., Class A (I) 700 19,852

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
SRS Labs, Inc. (I) 400 $ 3,416
St. Jude Medical, Inc. 2,290 117,385
Stage Stores, Inc. 500 9,610
Stamps.com, Inc. 400 5,340
StanCorp Financial Group, Inc. 800 36,896
Standard Microsystems Corp. (I) 300 7,398
Standard Motor Products, Inc. 500 6,915
Standard Pacific Corp. (I) 2,300 8,579
Standard Parking Corp. (I) 200 3,552
Standard Register Company 200 664
Standex International Corp. 300 11,367
Stanley Black & Decker, Inc. 2,156 165,150
Staples, Inc. 5,802 112,675
Starbucks Corp. 4,800 177,360
Starwood Hotels & Resorts Worldwide, Inc. 1,700 98,804
State Auto Financial Corp. 900 16,398
State Bancorp, Inc. 200 2,078
State Street Corp. 4,900 220,206
STEC, Inc. (I) 700 14,063
Steel Dynamics, Inc. 3,000 56,310
Steelcase, Inc., Class A 1,200 13,656
Stein Mart, Inc. 700 7,077
Steinway Musical Instruments, Inc. (I) 100 2,221
StellarOne Corp. 200 2,840
Stepan Company 100 7,250
Stericycle, Inc. (I) 700 62,069
STERIS Corp. 844 29,152
Sterling Bancorp 600 6,006
Sterling Bancshares, Inc. 1,900 16,359
Sterling Construction Company, Inc. (I) 300 5,064
Sterling Financial Corp. (I) 4 67
Steven Madden, Ltd. (I) 300 14,079
Stewart Enterprises, Inc., Class A (L) 1,600 12,224
Stewart Information Services Corp. 200 2,096
Stifel Financial Corp. (I) 550 39,485
Stillwater Mining Company (I) 1,800 41,274
Stone Energy Corp. (I) 200 6,674
Stoneridge, Inc. (I) 200 2,924
Stratasys, Inc. (I) 200 9,400
Strayer Education, Inc. (L) 300 39,147
Stryker Corp. 2,828 171,942
Sturm Ruger & Company, Inc. 300 6,891
SuccessFactors, Inc. (I) 1,000 39,090
Suffolk Bancorp 100 2,098
Sun Bancorp, Inc. (I) 315 1,096
Sun Healthcare Group, Inc. (I) 300 4,221
Sun Hydraulics, Inc. 300 12,930
Sunoco, Inc. 2,100 95,739
SunPower Corp., Class A (I) 900 15,426
SunPower Corp., Class B (I) 709 11,819
Sunrise Senior Living, Inc. (I) 300 3,579
SunTrust Banks, Inc. 5,500 158,620
Super Micro Computer, Inc. (I) 700 11,228
Superior Energy Services, Inc. (I) 1,400 57,400
Superior Industries International, Inc. 500 12,820
Supertex, Inc. (I) 100 2,228
SUPERVALU, Inc. (L) 2,900 25,897
Support.com, Inc. (I) 600 3,114
SureWest Communications (I) 200 2,876
SurModics, Inc. (I) 200 2,500
Susquehanna Bancshares, Inc. 2,100 19,635
Susser Holdings Corp. (I) 200 2,618
SVB Financial Group (I) 500 28,465
Swift Energy Company (I) 500 21,340
SWS Group, Inc. 400 2,428

 

134

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
SXC Health Solutions Corp. (I) 400 $ 21,817
SY Bancorp, Inc. 100 2,516
Sycamore Networks, Inc. 470 11,482
Sykes Enterprises, Inc. (I) 600 11,862
Symantec Corp. (I) 7,200 133,488
Symmetricom, Inc. (I) 900 5,517
Symmetry Medical, Inc. (I) 400 3,920
Synaptics, Inc. (I) 500 13,510
Synchronoss Technologies, Inc. (I) 500 17,375
SYNNEX Corp. (I) 700 22,911
Synopsys, Inc. (I) 2,100 58,065
Synovis Life Technologies, Inc. (I) 100 1,918
Synovus Financial Corp. 5,500 13,200
Synta Pharmaceuticals Corp. (I) 300 1,578
Syntel, Inc. 700 36,561
Sysco Corp. 4,059 112,434
Systemax, Inc. (I) 700 9,464
T. Rowe Price Group, Inc. 1,800 119,556
Take-Two Interactive Software, Inc. (I) 1,019 15,662
TAL International Group, Inc. 700 25,389
Talbots, Inc. (I) 900 5,436
Taleo Corp. (I) 600 21,390
Targacept, Inc. (I) 256 6,807
Target Corp. 6,500 325,065
Taser International, Inc. (I)(L) 400 1,628
Taylor Capital Group, Inc. (I) 400 4,204
TCF Financial Corp. 1,900 30,134
TD Ameritrade Holding Corp. 2,497 52,112
Team, Inc. (I) 400 10,504
Tech Data Corp. (I) 800 40,688
Techne Corp. 600 42,960
TechTarget, Inc. (I) 289 2,575
TECO Energy, Inc. 1,900 35,644
Tecumseh Products Company, Class A (I) 100 1,002
Tejon Ranch Company (I) 338 12,418
Tekelec, Inc. (I) 1,000 8,120
TeleCommunication Systems, Inc. (I) 300 1,236
Teledyne Technologies, Inc. (I) 500 25,855
Teleflex, Inc. 600 34,788
Telephone & Data Systems, Inc. 800 26,960
Telephone & Data Systems, Inc. -    
Special Shares 900 26,568
TeleTech Holdings, Inc. (I) 900 17,442
Tellabs, Inc. 7,800 40,872
Telular Corp. 700 5,082
Temple-Inland, Inc. 2,100 49,140
Tempur-Pedic International, Inc. (I) 1,000 50,660
Tenet Healthcare Corp. (I) 8,000 59,600
Tennant Company 300 12,612
Tenneco, Inc. (I) 300 12,735
Teradata Corp. (I) 1,400 70,980
Teradyne, Inc. (I)(L) 2,400 42,744
Terex Corp. (I) 1,500 55,560
Terremark Worldwide, Inc. (I) 1,100 20,900
Territorial Bancorp, Inc. 200 3,984
Tesoro Corp. (I) 2,000 53,660
Tessera Technologies, Inc. (I) 1,000 18,260
Tethys Petroleum Ltd. (I) 400 607
Teton Advisors, Inc., Class A 1 13
Tetra Tech, Inc. (I) 800 19,752
TetraTechnologies, Inc. (I) 1,600 24,640
Texas Capital Bancshares, Inc. (I) 800 20,792
Texas Industries, Inc. 600 27,138
Texas Instruments, Inc. 8,300 286,848
Texas Roadhouse, Inc., Class A 1,200 20,388

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Textron, Inc. (L) 3,600 $ 98,604
TFS Financial Corp. 4,100 43,542
The Advisory Board Company (I) 300 15,450
The AES Corp. (I) 10,800 140,400
The Allstate Corp. 5,800 184,324
The Andersons, Inc. 300 14,616
The Babcock & Wilcox Company (I) 1,200 40,056
The Bank of New York Mellon Corp. 13,650 407,726
The Boeing Company 5,900 436,187
The Brinks Company 700 23,177
The Buckle, Inc. 550 22,220
The Cato Corp., Class A 400 9,800
The Charles Schwab Corp. 7,700 138,831
The Cheesecake Factory, Inc. (I) 800 24,072
The Children’s Place Retail Stores, Inc. (I) 600 29,898
The Coca-Cola Company 15,579 1,033,667
The Cooper Companies, Inc. 700 48,615
The Corporate Executive Board Company 500 20,185
The Dolan Company (I) 400 4,856
The Dow Chemical Company 10,576 399,244
The Empire District Electric Company 500 10,895
The Ensign Group, Inc. 200 6,386
The Estee Lauder Companies, Inc., Class A 1,000 96,360
The Finish Line, Inc., Class A 300 5,955
The First Marblehead Corp. (I) 800 1,760
The Gap, Inc. 4,528 102,604
The Geo Group, Inc. (I) 1,220 31,281
The Goldman Sachs Group, Inc. 4,412 699,170
The Goodyear Tire & Rubber Company (I) 1,900 28,462
The Gorman-Rupp Company 300 11,817
The Great Atlantic & Pacific    
Tea Company, Inc. (I) 1,000 230
The Hackett Group, Inc. (I) 1,000 3,840
The Hain Celestial Group, Inc. (I) 600 19,368
The Hanover Insurance Group, Inc. 800 36,200
The Hershey Company 1,400 76,090
The Interpublic Group of Companies, Inc. 6,700 84,219
The J.M. Smucker Company 1,800 128,502
The Jones Group, Inc. 1,300 17,875
The Knot, Inc. (I) 300 3,615
The Kroger Company 5,159 123,661
The Laclede Group, Inc. 400 15,240
The Manitowoc Company, Inc. (L) 2,700 59,076
The McClatchy Company, Class A (I) 800 2,720
The McGraw-Hill Companies, Inc. 2,600 102,440
The Medicines Company (I) 400 6,516
The Men’s Wearhouse, Inc. 900 24,354
The Mosaic Company 2,300 181,125
The NASDAQ OMX Group, Inc. (I) 2,800 72,352
The Navigators Group, Inc. (I) 400 20,600
The New York Times Company, Class A (I)(L) 1,400 13,258
The Pantry, Inc. (I) 300 4,449
The Phoenix Companies, Inc. (I) 1,200 3,264
The PMI Group, Inc. (I)(L) 2,600 7,020
The Procter & Gamble Company 25,547 1,573,695
The Progressive Corp. 6,100 128,893
The Providence Service Corp. (I) 500 7,490
The Scotts Miracle-Gro Company, Class A 900 52,065
The Shaw Group, Inc. (I) 1,235 43,731
The Sherwin-Williams Company 1,000 83,990
The St. Joe Company (I)(L) 1,600 40,112
The Timberland Company, Class A (I) 800 33,032
The Toro Company 400 26,488
The Travelers Companies, Inc. 5,900 350,932
The Walt Disney Company 17,566 756,919

 

135

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
The Warnaco Group, Inc. (I) 600 $ 34,314
The Washington Post Company, Class B 200 87,512
The Western Union Company 4,700 97,619
The Wet Seal, Inc., Class A (I) 2,000 8,560
The Williams Companies, Inc. 4,400 137,192
Theravance, Inc. (I) 805 19,497
Thermo Fisher Scientific, Inc. (I) 4,611 256,141
Thomas & Betts Corp. (I) 800 47,576
Thor Industries, Inc. 700 23,359
Thoratec Corp. (I) 800 20,744
THQ, Inc. (I) 1,200 5,472
TIBCO Software, Inc. (I) 3,100 84,475
Tidewater, Inc. 800 47,880
Tiffany & Company 1,300 79,872
Time Warner Cable, Inc. 3,940 281,080
Time Warner, Inc. 12,633 450,998
Timken Company 1,300 67,990
Titan International, Inc. 525 13,970
Titan Machinery, Inc. (I) 400 10,100
Titanium Metals Corp. (I) 2,800 52,024
TJX Companies, Inc. 2,665 132,530
TNS, Inc. (I) 400 6,228
Toll Brothers, Inc. (I) 2,900 57,333
TomoTherapy, Inc. (I) 2,100 9,597
Tompkins Financial Corp. 110 4,571
Tootsie Roll Industries, Inc. (L) 436 12,356
Torchmark Corp. 1,200 79,776
Total SA, SADR 6,600 402,402
Total Systems Services, Inc. (L) 2,600 46,852
Tower Bancorp., Inc. 200 4,458
Tower Group, Inc. 700 16,821
Towers Watson & Company, Class A 500 27,730
TowneBank (L) 500 7,830
Tractor Supply Company 1,200 71,832
TradeStation Group, Inc. (I) 800 5,616
Transatlantic Holdings, Inc. 1,000 48,670
Transcept Pharmaceuticals, Inc. (I) 253 2,072
TransDigm Group, Inc. (I) 700 58,681
Travelzoo, Inc. (I)(L) 400 26,636
Tree.com, Inc. (I) 20 118
TreeHouse Foods, Inc. (I) 600 34,122
Trex Company, Inc. (I) 300 9,786
TriCo Bancshares 400 6,524
TriMas Corp. (I) 500 10,750
Trimble Navigation, Ltd. (I) 1,600 80,864
Trimeris, Inc. (I) 500 1,255
Trinity Industries, Inc. 1,000 36,670
TriQuint Semiconductor, Inc. (I) 4,300 55,513
Triumph Group, Inc. 400 35,380
True Religion Apparel, Inc. (I) 400 9,388
TrueBlue, Inc. (I) 500 8,395
TrustCo Bank Corp. 1,600 9,488
Trustmark Corp. (L) 1,100 25,762
TRW Automotive Holdings Corp. (I) 2,300 126,684
TTM Technologies, Inc. (I) 1,300 23,608
Tuesday Morning Corp. (I) 900 4,410
Tupperware Brands Corp. 1,000 59,710
Tutor Perini Corp. 700 17,052
TW Telecom, Inc. (I) 2,100 40,320
Twin Disc, Inc. 400 12,888
Tyler Technologies, Inc. (I) 500 11,855
Tyson Foods, Inc., Class A 4,400 84,436
U.S. Bancorp 17,500 462,525
UGI Corp. 1,700 55,930
UIL Holding Corp. 700 21,364

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Ulta Salon, Cosmetics & Fragrance, Inc. (I) 900 $ 43,317
Ultra Clean Holdings, Inc. (I) 400 4,136
Ultra Petroleum Corp. (I) 1,300 64,025
Ultratech, Inc. (I) 200 5,880
UMB Financial Corp. 700 26,149
Umpqua Holdings Corp. 2,100 24,024
Under Armour, Inc., Class A (I)(L) 600 40,830
Unifi, Inc. (I) 466 7,922
Unifirst Corp. 200 10,602
Union Drilling, Inc. (I) 900 9,225
Union First Market Bankshares Corp. 100 1,125
Union Pacific Corp. 5,300 521,149
Unisource Energy Corp. 500 18,065
Unisys Corp. (I) 500 15,610
Unit Corp. (I) 1,000 61,950
United Bankshares, Inc. (L) 900 23,868
United Community Banks, Inc. (I) 409 969
United Continental Holdings, Inc. (I)(L) 4,094 94,121
United Financial Bancorp, Inc. 500 8,255
United Fire & Casualty Company 500 10,105
United Natural Foods, Inc. (I) 700 31,374
United Online, Inc. 1,300 8,197
United Parcel Service, Inc., Class B 4,677 347,595
United Rentals, Inc. (I)(L) 800 26,624
United States Cellular Corp. (I) 700 36,043
United States Lime & Minerals, Inc. (I) 100 4,051
United States Steel Corp. (L) 1,800 97,092
United Stationers, Inc. 500 35,525
United Technologies Corp. 6,100 516,365
United Therapeutics Corp. (I) 800 53,616
UnitedHealth Group, Inc. 9,900 447,480
Unitil Corp. 200 4,712
Unitrin, Inc. 1,300 40,144
Universal American Financial Corp. 1,600 36,656
Universal Corp. 400 17,416
Universal Display Corp. (I) 200 11,008
Universal Electronics, Inc. (I) 100 2,956
Universal Forest Products, Inc. 300 10,995
Universal Health Services, Inc., Class B 1,400 69,174
Universal Insurance Holdings, Inc. 800 4,336
Universal Stainless & Alloy Products, Inc. (I) 100 3,373
Universal Technical Institute, Inc. 300 5,835
Universal Truckload Services, Inc. (I) 100 1,725
Univest Corp. of Pennsylvania 200 3,544
Unum Group 4,620 121,275
UQM Technologies, Inc. (I) 900 2,682
Uranium Energy Corp. (I)(L) 1,600 6,384
Urban Outfitters, Inc. (I) 1,500 44,745
URS Corp. (I) 1,300 59,865
US Airways Group, Inc. (I) 2,300 20,033
US Auto Parts Network, Inc. (I) 700 6,090
US Ecology, Inc. 100 1,743
US Gold Corp. (I) 1,400 12,362
US Physical Therapy, Inc. 300 6,702
USA Mobility, Inc. 500 7,245
USA Truck, Inc. (I) 200 2,600
USANA Health Sciences, Inc. (I) 200 6,902
USEC, Inc. (I) 2,500 11,000
USG Corp. (I)(L) 1,400 23,324
UTStarcom, Inc. (I)(L) 1,900 4,465
Vaalco Energy, Inc. (I) 600 4,656
Vail Resorts, Inc. (I) 700 34,132
Valassis Communications, Inc. (I) 700 20,398
Valero Energy Corp. 8,000 238,560
Valhi, Inc. (L) 1,500 39,720

 

136

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Valley National Bancorp 2,094 $ 29,232
Valmont Industries, Inc. 400 41,748
Valspar Corp. 1,500 58,650
ValueClick, Inc. (I) 900 13,014
Vanda Pharmaceuticals, Inc. (I) 400 2,916
Varian Medical Systems, Inc. (I) 1,100 74,404
Varian Semiconductor    
Equipment Associates, Inc. (I) 1,200 58,404
Vascular Solutions, Inc. (I) 400 4,364
VCA Antech, Inc. (I)(L) 1,400 35,252
Vector Group, Ltd. 1,113 19,244
Vectren Corp. 1,200 32,640
Veeco Instruments, Inc. (I) 600 30,504
Venoco, Inc. (I) 900 15,381
VeriFone Systems, Inc. (I) 1,300 71,435
VeriSign, Inc. 1,600 57,936
Verisk Analytics, Inc., Class A (I) 1,300 42,588
Verizon Communications, Inc. 26,100 1,005,894
Vertex Pharmaceuticals, Inc. (I) 1,600 76,688
VF Corp. (L) 1,500 147,795
Viacom, Inc. 200 10,658
Viacom, Inc., Class B 5,100 237,252
Viad Corp. 400 9,576
Viasat, Inc. (I) 400 15,936
Vical, Inc. (I) 900 2,664
Vicor Corp. 200 3,298
Viewpoint Financial Group 420 5,460
Virginia Commerce Bancorp, Inc. (I) 600 3,444
Virnetx Holding Corp. 500 9,955
Viropharma, Inc. (I) 1,000 19,900
Virtus Investment Partners, Inc. (I) 85 5,008
Virtusa Corp. (I) 600 11,238
Visa, Inc., Class A 4,100 301,842
Vishay Intertechnology, Inc. (I) 3,500 62,090
Vishay Precision Group, Inc. (I) 250 3,918
Vital Images, Inc. (I) 100 1,351
VMware, Inc., Class A (I) 800 65,232
Vocus, Inc. (I) 100 2,586
Volcom, Inc. 400 7,412
Volt Information Sciences, Inc. (I) 500 4,100
Volterra Semiconductor Corp. (I) 300 7,449
Vonage Holdings Corp. (I) 2,900 13,224
VSE Corp. 100 2,971
Vulcan Materials Company (L) 1,600 72,960
W&T Offshore, Inc. 1,000 22,790
W.R. Berkley Corp. 2,000 64,420
W.R. Grace & Company (I) 1,100 42,119
WABCO Holdings, Inc. (I) 1,000 61,640
Wabtec Corp. 600 40,698
Waddell & Reed Financial, Inc., Class A 1,200 48,732
Wal-Mart Stores, Inc. 25,259 1,314,731
Walgreen Company 8,320 333,965
Walter Energy, Inc. 700 94,801
Warner Music Group Corp. (I) 1,800 12,186
Warren Resources, Inc. (I) 900 4,581
Washington Banking Company 400 5,640
Washington Federal, Inc. 1,600 27,744
Washington Trust Bancorp, Inc. 400 9,496
Waste Connections, Inc. 1,650 47,504
Waste Management, Inc. 4,265 159,255
Waters Corp. (I) 800 69,520
Waterstone Financial, Inc. (I) 200 614
Watsco, Inc. 400 27,884
Watson Pharmaceuticals, Inc. (I) 1,700 95,217
Watts Water Technologies, Inc., Class A 600 22,914

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Wausau Paper Corp. 400 $ 3,056
WD-40 Company 300 12,702
Weatherford International, Ltd. (I) 900 20,340
Web.com Group, Inc. (I) 700 10,213
WebMD Health Corp. (I) 800 42,736
Websense, Inc. (I) 564 12,955
Webster Financial Corp. 1,300 27,859
Weight Watchers International, Inc. 1,100 77,110
Weis Markets, Inc. 300 12,138
WellCare Health Plans, Inc. (I) 800 33,560
WellPoint, Inc. 4,700 328,013
Wells Fargo & Company 44,435 1,408,590
Wendy’s/Arby’s Group, Inc., Class A 6,304 31,709
Werner Enterprises, Inc. 900 23,823
WesBanco, Inc. 400 8,284
WESCO International, Inc. (I) 800 50,000
West Bancorp, Inc. 800 6,384
West Coast Bancorp (I) 1,205 4,181
West Marine, Inc. (I) 300 3,129
West Pharmaceutical Services, Inc. 500 22,385
Westamerica Bancorp. (L) 400 20,548
Westar Energy, Inc. (L) 1,600 42,272
Western Alliance Bancorp (I) 1,400 11,508
Western Digital Corp. (I) 3,400 126,786
Western Refining, Inc. (I)(L) 900 15,255
Westfield Financial, Inc. 400 3,624
Westlake Chemical Corp. 1,000 56,200
Westwood Holdings Group, Inc. 200 8,050
Westwood One, Inc. (I) 103 747
Weyerhaeuser Company (L) 5,864 144,254
WGL Holdings, Inc. 700 27,300
Whirlpool Corp. 1,300 110,968
White Mountains Insurance Group, Ltd. 100 36,420
Whiting Petroleum Corp. (I) 1,600 117,520
Whitney Holding Corp. 1,400 19,068
Whole Foods Market, Inc. 1,700 112,030
Willbros Group, Inc. (I) 600 6,552
Williams-Sonoma, Inc. (L) 1,500 60,750
Wilmington Trust Corp. 1,600 7,232
Wilshire Bancorp, Inc. (I) 700 3,430
Windstream Corp. 4,921 63,333
Winn-Dixie Stores, Inc. (I) 800 5,712
Winnebago Industries, Inc. (I) 400 5,348
Wintrust Financial Corp. 500 18,375
Wisconsin Energy Corp. 2,600 79,300
WMS Industries, Inc. (I) 700 24,745
Wolverine World Wide, Inc. 859 32,024
Woodward, Inc. 900 31,104
World Acceptance Corp. (I) 300 19,560
World Fuel Services Corp. 800 32,488
World Wrestling Entertainment, Inc., Class A 500 6,285
Worthington Industries, Inc. 1,400 29,288
Wright Express Corp. (I) 500 25,920
Wright Medical Group, Inc. (I) 600 10,206
WW Grainger, Inc. 700 96,376
Wyndham Worldwide Corp. 3,000 95,430
Wynn Resorts, Ltd. 1,100 139,975
X-Rite, Inc. (I) 1,300 6,175
Xcel Energy, Inc. 4,075 97,352
Xerox Corp. 20,396 217,217
Xilinx, Inc. (L) 2,900 95,120
Yahoo!, Inc. (I) 11,400 189,810
York Water Company 200 3,482
Young Innovations, Inc. 100 3,140
Yum! Brands, Inc. 3,300 169,554

 

137

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
Shares or
Principal
    Amount Value
 
COMMON STOCKS (continued)      
United States (continued)      
Zale Corp. (I)   300 $ 1,197
Zebra Technologies Corp., Class A (I)   900 35,316
Zep, Inc.   400 6,964
Zimmer Holdings, Inc. (I)   1,800 108,954
Zions Bancorporation   2,044 47,135
Zix Corp. (I)   1,800 6,624
Zoll Medical Corp. (I)   300 13,443
Zoltek Companies, Inc. (I)   800 10,744
Zoran Corp. (I)   700 7,273
Zumiez, Inc. (I)   597 15,779
 
      146,401,509
Virgin Islands - 0.01%      
UTi Worldwide, Inc.   1,600 32,384
TOTAL COMMON STOCKS (Cost $184,444,579) $ 258,629,525
 
PREFERRED SECURITIES - 0.16%      
Brazil - 0.14%      
Banco do Estado do Rio Grande do Sul SA 500 6,156
Cia Energetica do Ceara   200 4,116
Cia Paranaense de Energia   500 13,613
Companhia Brasileira de Distribuicao Grupo    
Pao de Acucar (I)   4 164
Companhia de Bebidas das Americas, ADR 3,500 99,085
Companhia de Ferro Ligas Da Bahia   300 2,359
Companhia de Transmissao de Energia      
Eletrica Paulista   200 6,377
Companhia Energetica de Sao Paulo   1,400 26,668
Confab Industrial SA   3,491 9,408
Contax Participacoes SA   400 6,076
Eletropaulo Metropolitana Eletricidade de      
Sao Paulo SA   800 17,689
Fertilizantes Fosfatados SA   1,100 10,672
Forjas Taurus SA   500 1,280
Gerdau SA   875 10,821
Itau Unibanco Holding SA   4,869 116,010
Klabin SA   6,500 26,276
Lojas Americanas SA   3,200 26,656
Marcopolo SA   2,500 10,474
Sao Paulo Alpargatas SA   1,700 11,662
Suzano Papel e Celulose SA   2,750 25,350
Tam SA   1,300 25,082
Tele Norte Leste Participacoes SA   700 12,048
Universo Online SA   500 4,805
Usinas Siderurgicas de Minas Gerais SA   3,400 41,129
Vivo Participacoes SA   203 8,032
 
      522,008
Chile - 0.01%      
Embotelladora Andina SA   2,591 10,415
Embotelladora Andina SA   1,981 9,659
 
      20,074
Germany - 0.01%      
Porsche Automobil Holding SE   589 38,669
TOTAL PREFERRED SECURITIES (Cost $380,422) $ 580,751
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 29.21%      
U.S. Government - 9.75%      
U.S. Treasury Bonds      
6.875%, 08/15/2025 $ 350,000 $ 460,305
7.500%, 11/15/2024   2,400,000 3,308,626
8.875%, 08/15/2017   1,525,000 2,081,029
9.250%, 02/15/2016   3,100,000 4,122,033

 

Disciplined Diversification Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government (continued)      
U.S. Treasury Bonds (continued)      
9.875%, 11/15/2015 $ 370,000 $ 498,430
10.625%, 08/15/2015 (L)   3,985,000 5,443,574
11.250%, 02/15/2015 (L)   5,800,000 7,877,125
U.S. Treasury Notes      
2.000%, 11/30/2013   1,200,000 1,226,906
2.625%, 02/29/2016   1,750,000 1,783,086
2.750%, 02/15/2019   1,200,000 1,170,750
3.625%, 02/15/2020   750,000 769,277
4.250%, 08/15/2014 to 11/15/2014   6,700,000 7,321,143
 
      36,062,284
U.S. Government Agency - 19.46%      
Federal Farm Credit Bank      
3.000%, 09/22/2014   500,000 522,009
3.400%, 06/04/2018   1,000,000 1,006,810
4.875%, 12/16/2015 to 01/17/2017   7,000,000 7,809,018
5.125%, 08/25/2016   3,000,000 3,404,892
5.220%, 05/15/2023   2,480,000 2,746,632
5.250%, 03/06/2023   1,135,000 1,247,866
Federal Home Loan Bank      
2.875%, 06/12/2015   800,000 830,919
3.375%, 06/12/2020   500,000 482,474
3.625%, 10/18/2013 to 03/10/2017   1,700,000 1,787,727
4.125%, 03/13/2020   550,000 566,769
4.500%, 09/13/2019   1,850,000 1,979,844
4.750%, 09/11/2015 to 12/16/2016   7,050,000 7,796,957
4.875%, 05/17/2017   3,400,000 3,777,849
5.000%, 12/21/2015 to 11/17/2017   7,700,000 8,633,775
5.125%, 10/19/2016   450,000 506,497
5.250%, 06/18/2014   1,130,000 1,259,223
5.365%, 09/09/2024   800,000 888,939
5.375%, 05/18/2016 to 09/30/2022   7,950,000 9,014,477
5.500%, 08/13/2014   3,300,000 3,729,059
5.625%, 06/11/2021   905,000 1,033,603
Federal Home Loan Mortgage Corp.      
2.500%, 04/23/2014   700,000 721,462
3.750%, 03/27/2019   600,000 617,631
4.875%, 11/15/2013   650,000 711,440
Federal National Mortgage Association      
2.500%, 05/15/2014   900,000 928,195
Tennessee Valley Authority      
4.375%, 06/15/2015   3,400,000 3,710,349
4.500%, 04/01/2018   2,300,000 2,482,926
5.500%, 07/18/2017   1,250,000 1,430,068
6.250%, 12/15/2017   1,986,000 2,352,242
 
      71,979,652
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $105,599,441)   $ 108,041,936
 
CORPORATE BONDS - 0.00%      
India - 0.00%      
Britannia Industries, Ltd.      
8.250%, 03/22/2013   33,150 305
TOTAL CORPORATE BONDS (Cost $384)   $ 305
 
CONVERTIBLE BONDS - 0.00%      
Australia - 0.00%      
West Australian Newspapers Holdings, Ltd.      
zero coupon, 06/30/2011 $ 25 $ 134
TOTAL CONVERTIBLE BONDS (Cost $130)   $ 134

 

138

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
WARRANTS - 0.00%      
AFP Properties, Ltd. (Expiration Date:      
11/18/2015, Strike Price: SGD 0.10) (I)   4,500 $ 732
Promotora de Informaciones SA (Expiration    
Date: 06/28/2014, Strike Price:      
EUR 2.00) (I)   1 1
TOTAL WARRANTS (Cost $1,117)     $ 733
 
RIGHTS - 0.00%      
B2W Cia Global Do Varejo (Expiration Date:    
04/26/2011, Strike Price: BRL 21.62) (I)   125 86
Celgene Corp. (Expiration Date: 12/31/2030,    
Strike Price: $58.00) (I)   600 1,500
Cramo OYJ (Expiration Date: 04/15/2011,      
Strike Price: EUR 10.50) (I)   941 3,105
Gildemeister AG, (Expiration Date:      
04/11/2011, Strike Price: 13.66) (I)   331 221
Porsche Automobil Holding SE (Expiration      
Date: 04/12/2011, Strike Price:      
EUR 38.00) (I)   589 5,106
Robinsons Land Corp. (Expiration Date:      
04/15/2011, Strike Price: PHP 10.00) (I)   12,250 429
Tele Norte Leste Participacoes SA (Expiration    
Date: 04/25/11, Strike Price: BRL 38.55) (I) 387 2
TOTAL RIGHTS (Cost $8,494)     $ 10,449
 
SECURITIES LENDING COLLATERAL - 5.04%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   1,863,765 18,650,508
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $18,651,067)     $ 18,650,508
 
SHORT-TERM INVESTMENTS - 0.32%    
Money Market Funds* - 0.32%      
State Street Institutional Liquid Reserves      
Fund, 0.1855% $ 1,166,994 $ 1,166,994
TOTAL SHORT-TERM INVESTMENTS (Cost $1,166,994) $ 1,166,994
Total Investments (Disciplined Diversification Trust)  
(Cost $310,252,628) - 104.66%     $ 387,081,335
Other assets and liabilities, net - (4.66%)     (17,229,725)
TOTAL NET ASSETS - 100.00%     $ 369,851,610
 
 
 
Emerging Markets Value Trust    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 96.90%      
Bermuda - 0.08%      
Central European Media Enterprises, Ltd. (I) 43,540 $ 918,842
Brazil - 10.51%      
Banco ABC Brasil SA   96,300 731,400
Banco Alfa de Investimento SA   35,300 161,943
Banco Santander Brasil SA   17,919 217,313
Banco Santander Brasil SA, ADR   1,168,125 14,321,213
Bematech SA   92,950 415,034
BM&F Bovespa SA   2,931,500 21,277,233
BR Malls Participacoes SA   455,587 4,743,809
Brasil Ecodiesel Industria e Comercio de      
Biocombustiveis e Oleos Vegetais SA (I)   718,200 369,515
BRF - Brasil Foods SA (L)   303,002 5,784,308
Brookfield Incorporacoes SA   350,100 1,818,423

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Brazil (continued)    
Camargo Correa    
Desenvolvimento Imobiliario SA 107,650 $ 425,945
Cia Providencia Industria e Comercio SA 50,100 189,948
Cosan SA Industria e Comercio 152,800 2,377,190
CR2 Empreendimentos Imobiliarios SA 9,300 38,165
Even Construtora e Incorporadora SA 183,600 946,873
EZ Tec Empreendimentos e Participacoes SA 87,400 749,456
Fertilizantes Heringer SA (I) 21,600 132,300
Fibria Celulose SA, SADR (I)(L) 191,298 3,141,113
Gafisa SA 362,800 2,293,263
Gafisa SA, ADR 99,513 1,277,747
General Shopping Brasil SA (I) 37,300 250,852
Gerdau SA 191,900 1,857,116
Gerdau SA, SADR (L) 1,115,434 13,942,925
Grendene SA 193,100 1,135,430
Helbor Empreendimentos SA 38,600 459,375
Iguatemi Empresa de Shopping Centers SA 20,000 488,776
Industrias Romi SA 111,700 769,684
Inepar SA Industria E Construcoes (I) 13,400 44,895
Inpar SA (I) 539,950 1,025,232
JBS SA 747,302 2,682,259
JHSF Participacoes SA 151,100 384,078
Kroton Educacional SA (I) 43,900 565,740
Log-in Logistica Intermodal SA (I) 110,300 567,495
Magnesita Refratarios SA (I) 289,756 1,526,293
Mahle-metal Leve Sa Industria E Comercio 1,500 38,578
Marfrig Frigorificos e Comercio    
de Alimentos SA 284,047 2,538,355
Metalfrio Solutions SA 26,400 181,104
Minerva SA 33,800 133,531
MPX Energia SA (I) 26,400 645,993
Paranapanema SA (I) 469,250 1,520,432
Perdigao SA 7,000 132,184
Petroleo Brasileiro SA 13,042 260,576
Petroleo Brasileiro SA, ADR 132,929 5,374,319
Petroleo Brasileiro SA, SADR 202,591 7,200,084
Porto Seguro SA 102,124 1,726,409
Positivo Informatica SA 22,100 107,749
Profarma Distribuidora de    
Produtos Farmaceuticos SA 16,200 152,311
Rodobens Negocios Imobiliarios SA 61,100 467,798
Rossi Residencial SA 6,600 55,019
Sao Carlos Empreendimentos    
e Participacoes SA 27,805 383,188
Sao Martinho SA 82,800 1,297,799
SLC Agricola SA 16,500 231,838
Springs Global Participacoes SA 69,333 205,963
Sul America SA 168,300 2,102,912
Tecnisa SA 16,600 120,688
TPI - Triunfo Participacoes e Investimentos SA 23,810 130,961
TRISUL SA 51,446 139,277
Usinas Siderurgicas de Minas Gerais SA 319,300 5,476,005
 
    117,735,414
Cayman Islands - 0.02%    
China Dongxiang Group Company 648,000 204,690
Chile - 2.09%    
Cementos Bio-Bio SA 50,384 114,449
Cia General de Electricidad 41,011 231,822
Companhia Sudamericana de Vapores SA (I) 209,693 156,287
Cristalerias de Chile SA 66,213 831,735
Empresas CMPC SA 163,341 8,001,025
Empresas Copec SA 107,494 1,890,377
Empresas Iansa SA (I) 1,714,806 213,610
Empresas La Polar SA 179,323 956,590

 

139

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chile (continued)    
Enersis SA, SADR 371,730 $ 7,739,419
GASCO SA 130,347 845,966
Industrias Forestales SA 1,557,243 474,362
Inversiones Aguas Metropolitanas SA 119,379 181,699
Madeco SA 7,897,269 461,287
Masisa SA (I) 4,707,749 729,349
Paz Corp., SA (I) 73,479 78,932
Ripley Corp SA (I) 281,215 371,794
Socovesa SA 25,000 18,790
Vina San Pedro Tarapaca SA 19,029,176 155,851
 
    23,453,344
China - 8.95%    
Angang Steel Company, Ltd., Class H 1,318,000 1,795,406
Anhui Tianda Oil Pipe Company, Ltd. 60,000 19,456
Anton Oilfield Services Group 1,026,000 174,402
Asia Cement China Holdings Corp. 224,000 139,754
Bank of China, Ltd., Class H 43,843,694 24,368,522
Bank of Communications    
Company, Ltd., Class H 6,166,888 6,782,138
Baoye Group Company, Ltd. 376,000 262,849
Beijing Capital International Airport    
Company, Ltd., Class H 2,612,000 1,368,852
Beijing Capital Land, Ltd. 1,272,000 469,375
Beijing North Star Company (L) 866,000 213,792
BYD Electronic International Company, Ltd. 947,500 597,951
Catic Shenzhen Holdings, Ltd. (I) 122,000 46,879
China Aoyuan Property Group, Ltd. 1,387,000 247,569
China Citic Bank Corp, Ltd. 5,491,775 4,002,576
China Coal Energy Company, Series H 163,000 221,715
China Communications    
Construction Company, Ltd. 4,310,555 4,129,743
China Communications    
Services Corp., Ltd., Class H 2,176,000 1,327,003
China Huiyuan Juice Group, Ltd. (L) 1,032,500 702,035
China Minsheng Banking Corp. Ltd. 3,410,000 3,147,564
China Nickel Resources    
Holding Company, Ltd. 518,000 81,440
China Petroleum & Chemical Corp. 3,819,439 3,844,794
China Petroleum & Chemical Corp., ADR (L) 109,540 11,017,533
China Railway Construction Corp. 1,809,165 1,886,050
China Rare Earth Holdings, Ltd. (I)(L) 1,000,000 438,145
China Resources Microelectronics Ltd (I) 2,765,000 143,654
China Shipping Container    
Lines Company, Ltd. (I) 4,448,150 1,776,381
China Shipping Development Company, Ltd. 920,000 1,041,276
China Unicom, Ltd. 4,504,000 7,489,965
Chongqing Iron & Steel Company, Ltd. (I) 654,000 161,051
Chongqing Machinery &    
Electric Company, Ltd. 54,000 18,218
Country Garden Holdings Company 4,281,000 1,880,776
DaChan Food Asia, Ltd. 612,000 115,588
First Tractor Company 354,000 426,237
Golden Meditech Holdings, Ltd. (I) 828,000 141,713
Great Wall Motor Company, Ltd. 102,750 189,686
Great Wall Technology Company, Ltd. 324,942 161,423
Greentown China Holdings, Ltd. 770,500 812,207
Guangshen Railway Company, Ltd., ADR (L) 35,688 670,934
Guangzhou Automobile Group Company, Ltd. 1,836,415 2,242,993
Hainan Meilan International    
Airport Company, Ltd. 201,000 217,436
Hidili Industry International Development, Ltd. 1,278,000 1,135,409
Honghua Group, Ltd. (I) 1,182,000 161,337
Industrial & Commercial Bank of China, Ltd. 90,090 74,706
KWG Property Holding, Ltd. 1,023,013 828,150

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
China (continued)    
Lingbao Gold Company, Ltd. 450,000 $ 370,423
Maanshan Iron & Steel Company, Ltd. 1,866,000 1,007,801
NetDragon Websoft, Inc. 185,500 90,187
New World Department Store China 84,000 58,685
Powerlong Real Estate Holdings, Ltd. 55,000 17,783
Qingling Motors Company, Ltd. 1,054,000 336,484
Qunxing Paper Holdings Company, Ltd. (I) 634,371 178,825
Semiconductor Manufacturing    
International Corp., SADR (I) 140,377 533,433
Semiconductor    
Manufacturing International Corp. (I) 15,570,000 1,178,829
Shandong Chenming Paper Holdings, Ltd. 335,500 279,995
Shandong Xinhua    
Pharmaceutical Company, Ltd. 92,000 34,153
Shanghai Forte Land Company (L) 1,444,595 640,587
Shanghai Jin Jiang International Hotels    
Group Company, Ltd. 848,000 183,595
Shanghai Prime Machinery Company, Ltd. 962,000 201,572
Shimao Property Holdings, Ltd., GDR 1,805,000 2,551,904
Shui On Land, Ltd. (L) 3,015,745 1,393,569
Sichuan Xinhua Winshare    
Chainstore Company, Ltd. 641,000 378,592
Sinotrans Shipping, Ltd. 829,000 268,876
Sinotrans, Ltd., Class H 2,019,000 491,555
SPG Land Holdings, Ltd. 353,625 166,440
Sunny Optical Technology    
Group Company, Ltd. 102,000 33,386
Tiangong International Company, Ltd. 102,000 88,839
Tianneng Power International, Ltd. 291,720 142,232
Travelsky Technology, Ltd. 848,000 826,446
Uni-President China Holdings, Ltd. 241,000 123,160
Weiqiao Textile Company 603,000 600,329
Wuyi International    
Pharmaceutical Company, Ltd. 645,000 58,972
Xiamen International Port Company, Ltd. 1,372,000 280,030
Xinjiang Xinxin Mining    
Industry Company, Ltd. 903,000 543,903
Zhejiang Glass Company, Ltd. (I) 162,000 51,650
Zhong An Real Estate, Ltd. (I) 801,600 180,131
 
    100,267,049
Czech Republic - 0.24%    
Pegas Nonwovens SA 22,565 576,623
Unipetrol AS (I) 214,695 2,157,025
 
    2,733,648
Hong Kong - 5.02%    
AMVIG Holdings, Ltd. 494,000 380,636
Asian Citrus Holdings, Ltd. 73,000 80,612
Asian Union New Media Group, Ltd. (I) 4,400,000 15,272
Avic International Holding HK, Ltd. (I) 1,522,000 76,184
Beijing Development Hong Kong, Ltd. (I) 203,000 34,488
Beijing Enterprises Holdings, Ltd. 522,500 2,993,481
C C Land Holdings, Ltd. 190,000 64,811
Central China Real Estate, Ltd. 438,000 121,674
Centron Telecom International Holdings, Ltd. 262,900 64,011
Chaoda Modern Agriculture Holdings, Ltd. 3,056,474 1,906,626
China Aerospace International Holdings, Ltd. 1,971,200 235,387
China Agri-Industries Holdings, Ltd. 730,000 820,672
China Chengtong Development Group, Ltd. (I) 362,000 20,237
China Energine International Holdings, Ltd. (I) 429,853 37,072
China Everbright, Ltd. 998,000 2,233,686
China Grand Forestry    
Resources Group, Ltd. (I) 6,636,000 186,622
China Green Holdings, Ltd. (L) 200,627 154,340

 

140

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
China Haidian Holdings, Ltd. 1,124,000 $ 158,867
China Merchants Holdings    
International Company, Ltd. 147,103 620,576
China Mining Resources Group, Ltd. (I) 5,780,000 102,619
China Oil and Gas Group, Ltd. (I) 1,160,000 108,651
China Pharmaceutical Group, Ltd. 1,074,000 635,242
China Properties Group, Ltd. (I) 724,000 245,423
China Resources Land, Ltd. 1,142,000 2,136,900
China South City Holdings Ltd. 214,000 34,628
China Starch Holdings, Ltd. 1,020,000 61,135
China Travel International Investment    
Hong Kong, Ltd. (I) 4,134,000 864,418
China Unicom Hong Kong, Ltd. (L) 149,912 2,488,539
China Zenith Chemical Group, Ltd. (I) 1,150,000 23,369
Citic Pacific, Ltd. 1,524,000 4,223,080
CITIC Resources Holdings, Ltd. (I) 3,528,000 767,319
Coastal Greenland, Ltd. (I) 710,000 45,288
Cosco International Holdings, Ltd. 925,625 592,637
COSCO Pacific, Ltd. 1,546,000 2,922,550
Coslight Technology    
International Group, Ltd. (L) 150,000 75,907
Fosun International 2,296,500 1,760,802
Franshion Properties China, Ltd. 2,946,000 845,503
FU JI Food & Catering    
Services Holdings, Ltd. (I) 380,000 0
Fushan International Energy Group, Ltd. 1,490,000 1,067,690
Global Bio-Chem Technology    
Group Company, Ltd. (I) 2,520,000 410,067
Global Sweeteners Holdings, Ltd. 42,000 8,740
Goldlion Holdings, Ltd. 261,000 111,385
Harbin Power Equipment Company, Ltd. 888,000 921,068
Heng Tai Consumables Group, Ltd. 1,466,500 177,098
HKC Holdings, Ltd. (I) 4,298,149 226,375
Hong Kong Energy Holdings, Ltd. (I) 50,628 5,017
Hopson Development Holdings, Ltd. (I) 850,000 962,354
Hua Han Bio-Pharmaceutical Holdings Ltd 355,200 111,264
Huscoke Resources Holdings, Ltd. (I) 200,000 10,258
Inspur International, Ltd. 1,620,000 100,901
Ju Teng International Holdings, Ltd. 778,000 241,398
Kai Yuan Holdings, Ltd. (I) 1,700,000 53,297
Kingboard Chemical Holdings, Ltd. 588,025 3,089,685
Kingway Brewery Holdings, Ltd. (I) 578,000 181,788
Lai Fung Holdings, Ltd. 4,485,000 198,910
MIN XIN Holdings, Ltd. 92,000 49,858
Minmetals Land, Ltd. (I) 654,000 121,936
Minmetals Resources, Ltd. (I)(L) 8,000 6,494
Nan Hai Corp., Ltd. (I) 27,150,000 167,744
Neo-China Land Group Holdings, Ltd. (I) 359,000 125,435
New World China Land, Ltd. 1,556,800 587,322
Nine Dragons Paper Holdings, Ltd. 365,000 437,076
Oriental Ginza Holdings, Ltd. (I) 134,000 17,971
Poly Hong Kong Investment, Ltd. (L) 1,436,453 1,355,854
Pou Sheng International Holdings, Ltd. (I) 394,000 62,257
Prosperity International Holdings HK, Ltd. 1,320,000 68,735
Qin Jia Yuan Media Services Company, Ltd. 501,064 82,327
REXLot Holdings, Ltd. 1,559,921 172,145
Samson Holding, Ltd. 241,548 48,544
Shanghai Industrial Holdings, Ltd. 620,000 2,378,725
Shanghai Zendai Property, Ltd. 2,530,000 91,194
Shenzhen International Holdings, Ltd. 10,320,000 888,541
Shenzhen Investment, Ltd. 2,476,000 823,992
Shougang Concord International    
Enterprises Company, Ltd. (I) 3,828,000 520,583
Silver Grant International 1,072,000 420,295
Sim Technology Group, Ltd. 492,000 104,757

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Sino Prosper State Gold    
Resources Holdings Ltd. (I) 520,000 $ 29,287
Sino Union Petroleum &    
Chemical International, Ltd. (I) 2,560,000 217,617
Sino-Ocean Land Holdings, Ltd. 4,137,624 2,576,722
Sinofert Holdings, Ltd. (I) 2,924,000 1,266,764
Sinolink Worldwide Holdings, Ltd. 2,292,000 275,115
Sinomedia Holding, Ltd. 92,139 33,462
Sinopec Kantons Holdings, Ltd. 424,000 244,605
Sinotruk Hong Kong, Ltd. 836,500 714,398
Skyworth Digital Holdings, Ltd. 1,054,000 596,116
Soho China, Ltd. 2,544,000 2,183,737
Solargiga Energy Holdings, Ltd. (I) 305,000 82,802
SRE Group, Ltd. 2,806,000 256,177
TAK Sing Alliance Holdings, Ltd. 182,675 22,543
TCC International Holdings, Ltd. 128,000 64,088
TCL Multimedia Technology Holdings, Ltd. 877,200 256,755
Tian An China Investment, Ltd. 741,000 461,235
Tomson Group, Ltd. 380,807 144,600
TPV Technology, Ltd. 295,684 177,663
Truly International Holdings, Ltd. 613,000 141,618
Wasion Group Holdings, Ltd. 278,000 149,595
Xiwang Sugar Holdings Company, Ltd. 483,717 121,460
Yip’s Chemical Holdings, Ltd. 96,000 105,662
Yuexiu Property Company, Ltd. (I) 7,105,250 1,577,970
 
    56,248,335
Hungary - 0.06%    
Danubius Hotel and Spa PLC (I) 6,805 134,197
Egis Gyogyszergyar 3,604 382,846
Fotex Holding SE Company, Ltd. (I)(L) 56,874 110,278
 
    627,321
India - 9.20%    
3i Infotech, Ltd. 18,242 18,058
Aarti Industries, Ltd. 51,087 56,093
Aban Offshore, Ltd. 15,263 210,593
ABG Shipyard, Ltd. 4,051 33,164
Aditya Birla Nuvo, Ltd. 55,261 1,015,745
Ador Welding, Ltd. 8,367 31,183
Aftek, Ltd. (I) 28,740 7,973
Alembic, Ltd. 73,121 118,641
Allahabad Bank 186,565 967,437
Alok Industries, Ltd. 568,576 282,399
Amtek Auto, Ltd. 146,074 487,308
Andhra Bank 198,888 672,614
Ansal Properties & Infrastructure, Ltd. 30,966 26,011
Apollo Tyres, Ltd. 226,563 354,441
Arvind, Ltd. (I) 104,084 162,324
Ashok Leyland, Ltd. 830,697 1,061,874
Avaya Global Connect, Ltd. 148 555
Bajaj Auto Finance, Ltd. 14,034 219,874
Bajaj Finserv, Ltd. 2,438 28,515
Bajaj Hindusthan, Ltd. 114,988 184,283
Bajaj Holdings and Investment, Ltd. 49,562 879,105
Balaji Telefilms, Ltd. 15,413 11,453
Balkrishna Industries, Ltd. 225 677
Ballarpur Industries, Ltd. 403,880 329,188
Balmer Lawrie & Company, Ltd. 5,100 62,862
Balrampur Chini Mills, Ltd. (I) 206,266 323,970
Bank of Baroda 57,700 1,310,132
Bank of India 111,971 1,189,429
Bank of Maharashtra 152,501 205,000
BEML, Ltd. 14,453 223,901
Birla Corp., Ltd. 41,435 311,049

 

141

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
India (continued)    
Bombay Burmah Trading Company, Ltd. 3,000 $ 26,650
Bombay Rayon Fashions, Ltd. 43,264 249,748
Brigade Enterprises, Ltd. 1,477 2,985
Cairn India, Ltd. (I) 475,630 3,728,543
Canara Bank 60,675 851,353
Central Bank of India 11,460 36,152
Century Textile & Industries, Ltd. 34,929 277,768
Chambal Fertilizers & Chemicals, Ltd. 162,205 290,263
Cholamandalam DBS Finance, Ltd. 2,091 8,137
City Union Bank, Ltd. 162,675 163,549
Corporation Bank 2,490 35,217
Cranes Software International, Ltd. (I) 13,600 1,618
Dalmia Bharat Enterprises, Ltd. (I) 12,925 52,732
Dalmia Bharat Sugar & Industries, Ltd. 12,925 7,012
DCM Shriram Consolidated, Ltd. 39,804 35,762
Deepak Fertilizers    
& Petrochemicals Corp., Ltd. 28,839 102,708
Development Credit Bank, Ltd. (I) 121,079 124,880
DLF, Ltd. 196,954 1,198,342
Dredging Corp. of India, Ltd. 1,365 10,590
Edelweiss Capital, Ltd. 304,550 270,219
Eicher Motors, Ltd. 3,211 96,609
EID Parry India, Ltd. 80,296 390,036
Elder Pharmaceuticals, Ltd. 7,799 68,154
Electrosteel Castings, Ltd. 89,970 61,808
Escorts, Ltd. 20,272 64,960
Essel Propack, Ltd. 37,352 43,528
Eveready Industries India, Ltd. 12,000 13,520
Everest Kanto Cylinder, Ltd. 16,675 29,189
Federal Bank, Ltd. 163,534 1,536,693
Finolex Cables, Ltd. 54,200 56,973
Finolex Industries, Ltd. 46,584 91,499
Firstsource Solutions, Ltd. (I) 41,837 16,887
Future Capital Holdings, Ltd. 4,573 14,399
Gammon India, Ltd. 85,633 224,538
Gateway Distriparks, Ltd. 10,919 29,783
Geodesic, Ltd. 106,859 185,779
Gitanjali Gems, Ltd. 56,665 313,307
Godfrey Philips India, Ltd. 762 32,802
Graphite India, Ltd. 75,117 157,248
Grasim Industries, Ltd. 28,107 1,625,340
Great Eastern Shipping Company, Ltd. 80,820 476,073
Great Offshore, Ltd. 29,781 172,055
Gujarat Alkalies & Chemicals, Ltd. 24,028 68,094
Gujarat Ambuja Exports, Ltd. 77,000 53,066
Gujarat Flourochemicals, Ltd. 6,327 50,679
Gujarat Narmada Valley    
Fertilizers Company, Ltd. 66,143 141,864
Gujarat State Fertilisers & Chemicals, Ltd. 23,600 180,666
HBL Power Systems, Ltd. 5,099 2,216
HCL Infosystems, Ltd. 126,394 290,740
HEG, Ltd. 12,877 61,753
Heidelbergcement India, Ltd. (I) 4,823 4,788
Hexaware Technologies, Ltd. 304,970 448,583
Himatsingka Seide, Ltd. 28,000 21,430
Hindalco Industries, Ltd. 1,340,282 6,283,870
Hinduja TMT, Ltd. 5,620 32,890
Hotel Leela Venture, Ltd. 112,448 97,617
Housing Development    
& Infrastructure, Ltd. (I) 105,024 421,908
ICICI Bank, Ltd. 10,431 260,628
ICICI Bank, Ltd., SADR 352,665 17,573,297
ICSA India, Ltd. 41,569 108,698
Idea Cellular, Ltd. (I) 392,651 597,556
IFCI, Ltd. 109,572 129,588

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
India (continued)    
India Cements, Ltd. 258,302 $ 555,320
India Glycols, Ltd. 11,700 32,804
India Infoline, Ltd. 213,160 357,865
Indiabulls Financial Services, Ltd. 240,661 834,805
Indiabulls Real Estate, Ltd. (I) 315,338 890,522
Indian Bank 70,234 366,552
Indian Hotels Company, Ltd. 151,812 288,826
Indian Overseas Bank 234,477 749,733
Industrial Development Bank of India, Ltd. 267,194 852,438
Infomedia 18, Ltd. (I) 11,000 4,479
ING Vysya Bank, Ltd. 16,192 117,080
Ingersoll-Rand India, Ltd. 17,465 173,162
Ispat Industries, Ltd. (I) 43,047 21,859
IVRCL Infrastructures & Projects, Ltd. 311,424 571,284
Jammu & Kashmir Bank, Ltd. 41,976 822,639
JB Chemicals & Pharmaceuticals, Ltd. 20,800 61,790
JBF Industries, Ltd. 33,505 123,119
Jindal Poly Films, Ltd. 1,258 11,743
Jindal Saw, Ltd. 164,858 751,181
Jindal Stainless, Ltd. (I) 44,529 82,680
JK Tyre & Industries, Ltd. 6,013 12,671
JM Financial, Ltd. 37,218 19,979
JSW Steel, Ltd. 122,212 2,515,527
Jubilant Life Sciences, Ltd. 2,669 10,171
Jubilant Organosys, Ltd. 53,395 209,252
Kalpataru Power Transmission, Ltd. 2,595 8,000
Karnataka Bank, Ltd. 180,381 436,321
Karur Vysya Bank, Ltd. 22,120 196,847
Karur Vysya Bank, Ltd. 8,848 63,864
Kesoram Industries, Ltd. 26,673 122,519
KS Oils, Ltd. 62,402 45,082
Lakshmi Vilas Bank, Ltd. 30,751 67,412
Lanxess ABS, Ltd. 4,800 40,293
Madhucon Projects, Ltd. 387 816
Madras Cements, Ltd. 36,000 82,659
Maharashtra Seamless, Ltd. 38,253 278,794
Mahindra Lifespace Developers, Ltd. 10,600 91,647
Manaksia, Ltd. 3,292 5,973
Mangalam Cement, Ltd. 14,461 35,923
Mastek, Ltd. 18,261 49,641
McLeod Russel India, Ltd. 69,732 397,171
Mercator Lines, Ltd. 163,169 141,042
Merck, Ltd. 4,754 62,672
Monnet Ispat & Energy, Ltd. 29,947 346,203
Moser Baer India, Ltd. 102,800 95,306
MRF, Ltd. 920 129,591
Mukand, Ltd. 22,832 23,305
Nagarjuna Construction Company, Ltd. 263,914 597,619
Nagarjuna Fertilizers & Chemicals, Ltd. 125,682 79,216
Nahar Spinning Mills, Ltd. 6,600 14,353
National Organic Chemical Industries, Ltd. 80,240 29,632
NIIT Technologies, Ltd. 19,088 78,643
NIIT, Ltd. 19,897 25,608
Noida Toll Bridge Company, Ltd. 62,165 36,971
Omaxe, Ltd. (I) 20,537 63,249
Orbit Corp., Ltd. 43,904 53,657
Orchid Chemicals & Pharmaceuticals, Ltd. 37,760 256,103
Orient Paper & Industries, Ltd. 58,165 72,061
Oriental Bank of Commerce 101,465 888,016
Panacea Biotec, Ltd. 19,983 81,183
Parsvnath Developers, Ltd. (I) 76,316 77,529
Patni Computer Systems, Ltd. 122,526 1,309,296
Patni Computer Systems, Ltd., ADR (L) 3,538 73,732
Peninsula Land, Ltd. 7,362 9,685
Piramal Healthcare, Ltd. 5,549 51,712

 

142

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
India (continued)    
Polaris Software Lab, Ltd. 26,963 $ 114,579
Polyplex Corp., Ltd. 3,400 15,605
Provogue India, Ltd. 43,382 40,395
PSL, Ltd. 10,200 16,783
PTC India, Ltd. 233,522 441,655
Punj Lloyd, Ltd. 165,098 240,590
Raymond, Ltd. (I) 23,286 165,518
REI Six Ten Retail, Ltd. 7,735 7,639
Reliance Capital, Ltd. 71,378 936,165
Reliance Communications, Ltd. 685,263 1,657,190
Reliance Industries, Ltd. 8,200 192,780
Reliance Industries, Ltd., GDR 31,808 1,508,335
Reliance Industries, Ltd., GDR    
(London Exchange) (S) 243,166 11,520,600
Rolta India, Ltd. 133,332 414,674
RPG Itochu Finance, Ltd. 535 1,212
Ruchi Soya Industries, Ltd. 125,412 296,476
S Kumars Nationwide, Ltd. (I) 78,505 96,451
SEAMEC, Ltd. 10,845 24,202
Shiv-Vani Oil & Gas    
Exploration Services, Ltd. 6,058 39,726
Sicagen India, Ltd. (I) 6,851 2,972
Sical Logistics, Ltd. (I) 6,851 11,158
Sobha Developers, Ltd. 24,143 159,820
Sonata Software, Ltd. 29,000 27,723
South Indian Bank, Ltd. 1,171,770 602,915
SREI Infrastructure Finance, Ltd. 247,892 247,538
SRF, Ltd. 24,910 178,625
State Bank of India 6,555 405,412
State Bank of India, GDR 435 56,115
Steel Authority of India, Ltd. 43,953 167,217
Sterlite Industries India, Ltd., ADR 377,373 5,826,639
Sundaram Finance, Ltd. 650 7,144
Suzlon Energy, Ltd. (I) 610,254 607,979
Syndicate Bank, Ltd. 206,951 576,040
Tata Chemicals, Ltd. 96,921 741,501
Tata Communications, Ltd., ADR (I)(L) 3,071 33,443
Tata Investment Corp., Ltd. 6,673 76,289
Tata Steel, Ltd. 290,576 4,045,623
Tata Tea, Ltd. 467,750 1,032,590
Teledata Marine Solutions Pte, Ltd. 23,474 18,029
Teledata Technology Solutions (I) 23,474 369
Time Technoplast, Ltd. 4,194 5,248
Triveni Engineering & Industries, Ltd. 8,452 18,311
Tube Investments of India, Ltd. 6,744 20,646
UCO Bank 85,194 204,357
Union Bank of India, Ltd. 169,587 1,328,922
Unitech, Ltd. 94,881 85,855
Unity Infraprojects, Ltd. 5,529 7,901
Usha Martin, Ltd. 154,885 197,948
UTV Software Communications, Ltd. (I) 3,824 49,455
Vardhman Special Steels, Ltd. 1,620 763
Vardhman Textiles, Ltd. 8,101 46,923
Varun Shipping Company, Ltd. 66,246 40,293
Videocon Industries, Ltd. 105,664 454,542
Vijaya Bank 83,311 148,304
Walchandnagar Industrie 2,137 6,406
Zuari Industries, Ltd. 9,200 129,134
 
    103,048,741
Indonesia - 2.17%    
Adhi Karya Tbk PT 69,000 6,644
AKR Corporindo Tbk PT 1,096,500 184,850
Aneka Tambang Tbk PT 5,349,000 1,410,041
Astra Graphia Tbk PT 606,000 45,811

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Indonesia (continued)    
Bakrie & Brothers Tbk PT (I) 108,774,489 $ 797,458
Bakrie Sumatera Plantations Tbk PT 17,546,000 724,157
Bakrie Telecom Tbk PT (I) 21,866,000 893,265
Bakrieland Development Tbk PT 42,983,500 692,360
Bank Bukopin Tbk PT 3,314,000 258,837
Bank Danamon Indonesia Tbk PT 1,818,000 1,365,782
Bank Mandiri Tbk PT 1,918,820 1,502,821
Bank Negara Indonesia Persero Tbk PT 6,478,881 2,954,269
Bank Pan Indonesia Tbk PT (I) 4,237,897 563,822
Bank Tabungan Negara Tbk Pt 976,500 187,955
Barito Pacific Tbk PT (I) 844,500 93,231
Berlian Laju Tanker Tbk PT (I) 9,494,166 403,631
Bhakti Investama Tbk PT (I) 14,522,000 289,713
Budi Acid Jaya Tbk PT 1,493,000 36,848
Central Proteinaprima Tbk PT (I) 16,930,000 103,048
Ciputra Development Tbk PT (I) 16,900,000 717,172
Ciputra Surya Tbk PT (I) 896,000 60,661
Darma Henwa Tbk PT (I) 11,027,500 76,088
Davomas Abadi Tbk PT (I) 2,465,000 22,622
Elnusa Tbk PT 2,000,000 67,697
Energi Mega Persada Tbk PT (I) 26,444,181 387,851
Gajah Tunggal Tbk PT 1,019,000 259,946
Global Mediacom Tbk PT 6,426,000 618,688
Gozco Plantations Tbk PT 3,219,500 140,338
Gudang Garam Tbk PT 575,076 2,771,701
Indah Kiat Pulp and Paper Corp. Tbk PT (I) 569,500 111,048
Indofood Sukses Makmur Tbk PT 173,000 107,130
International Nickel Indonesia Tbk PT 3,109,500 1,701,549
Japfa Comfeed Indonesia Tbk PT 103,554 41,001
Kawasan Industri Jababeka Tbk PT (I) 9,474,500 127,353
Lippo Karawaci Tbk PT 10,381,293 728,719
Matahari Putra Prima Tbk PT 2,800,500 460,021
Medco Energi Internasional Tbk PT 2,465,000 812,505
Media Nusantara Citra Tbk PT 259,000 28,047
Mitra Adiperkasa Tbk PT 837,000 263,871
Mitra International Resources Tbk PT (I) 1,747,000 38,263
Panin Financial Tbk PT (I) 16,690,500 324,268
Panin Insurance Tbk PT (I) 1,544,000 92,099
Perusahaan Perkebunan London Sumatra    
Indonesia Tbk PT 605,000 158,194
Polychem Indonesia Tbk PT (I) 1,954,500 43,855
Ramayana Lestari Sentosa Tbk PT 1,774,500 154,341
Sampoerna Agro PT 424,500 159,744
Samudera Indonesia Tbk PT (I) 58,500 24,858
Selamat Sempurna Tbk PT 56,500 7,472
Sentul City Tbk PT (I) 9,917,000 115,190
Sorini Agro Asia Corporindo Tbk PT 391,000 151,550
Summarecon Agung Tbk PT 3,695,000 492,707
Suryainti Permata Tbk PT (I) 1,446,000 14,780
Trias Sentosa Tbk PT 2,019,500 64,991
Trimegah Securities Tbk PT 1,540,500 16,982
Truba Alam Manunggal Engineering PT (I) 11,991,500 78,397
Tunas Ridean Tbk PT 3,358,000 223,798
Wijaya Karya PT 2,361,248 182,107
 
    24,362,147
Israel - 0.02%    
Electra Real Estate, Ltd. (I) 1 6
Mivtach Shamir Holdings, Ltd. 7,750 251,413
 
    251,419
Luxembourg - 0.00%    
Brait SA 18,140 50,328
Malaysia - 4.15%    
Affin Holdings BHD 711,300 821,292

 

143

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Malaysia (continued)    
Al Aqar KPJ 19,983 $ 7,717
Alliance Financial Group BHD 1,285,500 1,344,349
AMDB BHD (I) 110,000 16,008
AMMB Holdings BHD 3,568,362 7,638,801
Ann Joo Resources BHD 252,200 241,277
Asas Dunia BHD (I) 24,000 6,910
Asia Pacific Land BHD (I) 282,100 38,188
Bandar Raya Developments BHD 639,900 462,783
Berjaya Corp. BHD (Kuala Lumpur Exchange) 1,930,300 725,185
Berjaya Media BHD (I) 48,200 8,296
BIMB Holdings BHD 142,900 75,844
Bolton BHD 177,100 68,531
Boustead Holdings BHD 552,160 1,068,716
Cahya Mata Sarawak BHD 241,600 201,913
Dijaya Corp. BHD 40,900 14,839
DNP Holdings BHD 124,000 71,686
DRB-Hicom BHD 1,194,900 908,048
Eastern & Oriental BHD 337,900 131,384
Eastern Pacific Industrial Corp. BHD 155,600 117,476
ECM Libra Financial Group BHD 526,534 154,810
EON Capital BHD (I) 454,300 1,050,029
Esso Malaysia BHD 92,100 126,086
Globetronics Technology BHD 190,440 68,554
Glomac BHD 231,300 136,566
Goldis BHD (I) 306,000 156,869
Hap Seng Consolidated BHD 504,200 1,075,706
Hap Seng Plantations Holdings BHD 617,500 612,021
Hong Leong Credit BHD 309,800 920,871
Hong Leong Industries BHD 37,500 49,677
Hunza Properties BHD 113,800 58,611
Hwang-DBS Malaysia BHD 105,200 85,079
IGB Corp. BHD 1,590,043 1,132,843
IJM Corp. BHD 2,070,980 4,377,529
IJM Land BHD 443,300 402,803
Insas BHD (I) 485,264 86,417
Integrated Logistics BHD 162,855 57,015
Jaks Resources BHD (I) 246,000 56,771
Jaya Tiasa Holdings BHD 63,945 130,357
K&N Kenanga Holdings BHD 323,600 85,328
Karambunai Corp. BHD (I) 1,978,300 150,594
Keck Seng BHD 222,300 304,725
Kian Joo Can Factory BHD 290,000 203,098
Kim Loong Resources BHD 29,400 21,657
Kinsteel BHD 561,400 162,859
KLCC Property Holdings BHD 796,400 877,576
KSL Holdings BHD 267,333 162,996
KUB Malaysia BHD 534,400 143,407
Kulim Malaysia BHD 989,600 1,087,024
Kumpulan Hartanah Selangor BHD (I) 410,800 53,640
Kwantas Corp. BHD 56,000 39,160
Land & General BHD (I) 163,200 24,733
Landmarks BHD 384,900 193,325
LBS Bina Group BHD (I) 210,000 40,537
Leader Universal Holdings BHD 540,100 149,884
Lion Corp. BHD (I) 549,100 60,624
Lion Industries Corp. BHD 736,100 436,871
MAA Holdings BHD (I) 133,400 36,259
Malaysia Airports Holdings 180,200 362,133
MBM Resources BHD 60,500 60,349
Mega First Corp. BHD 163,700 92,803
MISC BHD 17,400 45,180
MK Land Holdings BHD (I) 632,500 79,444
MMC Corp. BHD 1,118,700 1,021,773
MNRB Holdings BHD (I) 10,000 8,677
Muhibbah Engineering M BHD 495,300 264,236

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Malaysia (continued)    
Mulpha International BHD (I) 2,622,700 $ 458,126
Naim Holdings BHD 198,100 201,181
Nylex Malaysia BHD (I) 81,463 18,100
Oriental Holdings BHD 549,620 967,510
OSK Holdings BHD 881,950 523,416
OSK Property Holdings BHD 82,291 18,746
Panasonic Manufacturing Malaysia BHD 48,200 342,180
PBA Holdings BHD 32,000 10,117
PJ Development Holdings BHD 258,900 66,590
PPB Group BHD 729,200 4,095,471
Protasco BHD 172,400 61,425
Proton Holdings BHD 422,800 494,290
Ranhill BHD 372,100 90,992
RHB Capital BHD 739,900 2,094,262
Scientex, Inc. BHD 51,000 44,976
Scomi Group BHD (I) 1,708,300 183,522
Selangor Dredging BHD 326,900 88,504
Selangor Properties BHD 105,000 143,981
Shangri-La Hotels BHD 101,900 89,181
Shell Refining Company Federation of    
Malaya BHD 161,700 576,131
SHL Consolidated BHD 172,300 87,039
Sunway City BHD 438,900 650,305
Sunway Holdings, Inc. BHD 348,900 262,469
Suria Capital Holdings BHD 237,900 159,355
Symphony House BHD (I) 74,426 4,202
TA Ann Holdings BHD 383,160 844,612
TA Enterprise BHD 1,903,200 474,682
TA Global BHD 1,233,900 171,203
TDM BHD 160,500 152,056
Tebrau Teguh BHD (I) 316,000 83,800
Time.com BHD (I) 1,734,500 488,923
Tradewinds Corp. BHD (I) 398,400 130,359
Tradewinds Malaysia BHD 57,000 151,282
TSH Resources BHD 7,300 6,558
Unisem M BHD 601,680 378,770
United Malacca BHD 97,800 225,688
VS Industry BHD 166,770 107,909
WTK Holdings BHD 368,500 231,989
YNH Property BHD 662,715 411,351
YTL Corp. BHD 13,300 32,637
Zelan BHD (I) 227,600 39,487
 
    46,540,126
Mexico - 6.36%    
Alfa SAB de CV 418,000 5,411,233
Alsea SAB de CV 374,150 401,062
Axtel SAB de CV (I) 982,700 575,850
Bolsa Mexicana de Valores SAB de CV 511,600 1,077,012
Carso Infraestructura y Construccion    
SAB de CV (I) 157,200 100,443
Cemex SAB de CV, SADR (I)(L) 1,263,420 11,282,341
Coca-Cola Femsa SAB de CV, SADR 32,500 2,502,175
Coca-Cola Femsa SAB de CV, Series L 66,900 515,708
Consorcio ARA SAB de CV 1,418,400 871,709
Corporacion GEO SAB de CV (I) 793,874 2,226,554
Desarrolladora Homex SAB de CV (I) 153,600 700,433
Desarrolladora Homex SAB de CV, ADR (I) 9,800 267,050
Embotelladoras Arca SAB de CV 597,621 3,466,312
Empresas ICA SAB de CV (I) 220,900 502,550
Empresas ICA SAB de CV, ADR (I)(L) 198,467 1,810,019
GMD Resorts SAB de CV (I) 68,200 22,935
Gruma SAB de CV, Class B (I) 301,800 633,822
Gruma SAB de CV, SADR (I) 3,214 26,837

 

144

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Mexico (continued)    
Grupo Aeroportuario del Centro Norte    
SAB de CV 281,000 $ 533,913
Grupo Aeroportuario del Centro Norte SAB    
de CV, ADR (L) 4,057 61,098
Grupo Aeroportuario del Pacifico    
SAB de CV (L) 81,585 3,466,547
Grupo Aeroportuario del Sureste SAB    
de CV, ADR (L) 30,747 1,807,001
Grupo Aeroportuario del Sureste SAB    
de CV, Class B 28,700 168,878
Grupo Carso SAB de CV 1,110,125 3,659,522
Grupo Cementos de Chihuahua SAB de CV (I) 35,500 131,023
Grupo Famsa SAB de CV (I) 357,718 604,194
Grupo Financiero Banorte SAB de CV 2,397,900 11,289,501
Grupo Financiero Inbursa SA 266,200 1,225,763
Grupo Industrial Maseca SAB de CV 53,900 57,324
Grupo Industrial Saltillo SAB de CV (I) 94,000 126,446
Grupo Kuo SAB de CV (I) 164,000 278,516
Grupo Mexicano de Desarrollo SAB de CV (I) 68,200 54,299
Grupo Simec SAB de CV (I) 219,500 599,755
Industrias CH SAB de CV (I) 265,600 1,093,711
Inmuebles Carso SAB de CV, Class B1 (I) 1,110,125 1,218,907
Maxcom Telecomunicaciones SAB de CV (I) 85,000 41,305
Minera Frisco SAB de CV, Class A1 (I) 1,110,125 4,864,430
Organizacion Soriana SAB de CV 1,587,300 5,604,849
Qualitas Compania de Seguros SA de CV 318,900 294,651
Sare Holding SAB de CV, Class B (I) 437,200 116,886
Urbi Desarrollos Urbanos SAB de CV (I) 662,000 1,538,894
 
    71,231,458
Philippines - 0.62%    
Banco De Oro 8,240 9,859
Empire East Land Holdings, Inc. (I) 2,990,000 47,498
Filinvest Development Corp. 730,000 74,482
Filinvest Land, Inc. 18,335,500 485,361
First Philippine Holdings Corp. 427,000 564,433
Lopez Holdings Corp. (I) 3,257,000 408,349
Megaworld Corp. 19,138,800 931,926
Metropolitan Bank & Trust Company 1,184,721 1,751,546
Philippine National Bank (I) 348,600 449,399
Rizal Commercial Banking Corp. 602,800 376,545
Robinsons Land Corp. 2,085,400 553,222
Security Bank Corp. 183,427 360,362
Union Bank of Philippines 214,600 304,990
Universal Robina Corp. 320,500 249,551
Vista Land & Lifescapes, Inc. 5,803,000 372,741
 
    6,940,264
Poland - 1.95%    
Agora SA 77,712 716,576
Asseco Poland SA PDA 58,719 1,114,142
Bank BPH SA (I) 14,427 378,915
Bank Millennium SA (I) 803,286 1,649,688
Bioton SA (I) 4,546,178 272,819
Bomi SA (I) 17,357 43,087
Ciech SA (I) 49,420 467,127
Comarch SA (I) 1,802 60,712
Dom Maklerski IDM SA (I) 148,572 145,388
Echo Investment SA (I) 534,956 922,662
Emperia Holding SA 2,613 103,771
Enea SA 6,406 47,868
Energomontaz Poludnie Sa (I) 23,320 33,583
Fabryki Mebli Forte SA 23,417 91,602
Farmacol SA (I) 10,785 119,719
Firma Oponiarska Debica SA 7,768 169,682

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Poland (continued)    
Gant Development SA (I) 4,513 $ 22,399
Grupa Kety SA 17,839 804,531
Grupa Lotos SA (I) 99,148 1,540,568
Impexmetal SA (I) 98,393 171,098
Koelner Sakoelner Sa (I) 3,500 14,565
Kopex SA (I) 61,117 458,244
Kredyt Bank SA (I) 52,005 312,698
LC Corp. SA (I) 155,767 85,080
MCI Management SA (I) 32,259 97,766
Mostostal-Export SA (I) 22,710 10,007
Netia SA (I) 324,551 599,920
Orbis SA (I) 46,258 649,710
Pekaes SA (I) 6,380 19,690
Pfleiderer Grajewo SA (I) 1,724 11,868
Pol-Aqua SA (I) 4,096 25,231
Polnord SA 19,758 215,603
Polska Grupa Energetyczna SA 165,083 1,331,329
Polski Koncern Naftowy Orlen SA (I) 472,808 8,760,079
Sygnity SA (I) 6,918 53,865
Zaklady Azotowe Pulawy SA 5,389 215,646
Zaklady Azotowe w    
Tarnowie-Moscicach SA (I) 7,481 93,590
 
    21,830,828
Russia - 5.39%    
Gazprom OAO, SADR 109,866 3,553,066
Gazprom OAO, SADR (London Exchange) 1,513,817 49,061,548
Lukoil OAO 107,569 7,713,546
Surgutneftegaz, SADR 2,174 23,663
 
    60,351,823
South Africa - 8.47%    
ABSA Group, Ltd. 383,490 7,735,199
Adcorp Holdings, Ltd. 20,914 85,779
Aeci, Ltd. 103,361 1,270,381
Afgri, Ltd. 361,807 366,072
Allied Electronics Corp., Ltd. 62,999 232,551
Argent Industrial, Ltd. 113,274 142,336
Aveng, Ltd. 442,348 2,333,465
Barloworld, Ltd. 265,047 2,923,865
Basil Read Holdings, Ltd. 26,929 45,516
Bell Equipment, Ltd. (I) 34,158 63,075
Caxton & CTP Publishers & Printers, Ltd. 185,300 379,314
Ceramic Industries, Ltd. 1,970 40,477
Cipla Medpro South Africa, Ltd. 411,123 418,369
DataTec, Ltd. 255,498 1,400,194
Drdgold, Ltd. 81,220 40,735
Eqstra Holdings, Ltd. (I) 194,239 186,153
Freeworld Coatings, Ltd. 94,081 159,847
Gold Fields, Ltd. 3,784 66,121
Gold Fields, Ltd. 863,100 15,069,726
Gold Reef Resorts, Ltd. 8,700 20,531
Grindrod, Ltd. 607,680 1,332,709
Group Five, Ltd. 61,171 247,186
Harmony Gold Mining Company, Ltd. (L) 491,846 7,313,750
Hudaco Industries, Ltd. 17,551 211,832
Hulamin, Ltd. (I) 106,030 109,622
Iliad Africa, Ltd. 122,270 128,544
Investec, Ltd. 318,380 2,485,009
JD Group, Ltd. 204,241 1,461,003
Kap International Holdings, Ltd. 189,283 65,782
Lewis Group, Ltd. 97,828 1,077,168
Liberty Holdings, Ltd. 151,704 1,594,479
Merafe Resources, Ltd. 2,241,497 489,243
Metair Investments, Ltd. 163,437 337,985

 

145

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Africa (continued)    
Metorex, Ltd. (I) 16,136 $ 15,451
Mittal Steel South Africa, Ltd. 106,381 1,415,509
MMI Holdings, Ltd. 85,036 209,458
Mondi, Ltd. 181,251 1,776,065
Murray & Roberts Holdings, Ltd. 85,411 334,808
Mvelaphanda Group, Ltd. (I) 618,180 292,507
Mvelaserve, Ltd. (I) 154,755 269,569
Nedbank Group, Ltd. 282,400 5,908,532
Northam Platinum, Ltd. (L) 172,740 1,120,654
Nu-World Holdings, Ltd. 19,436 71,682
Omnia Holdings, Ltd. (I) 57,918 626,779
Peregrine Holdings, Ltd. 91,159 145,529
Petmin, Ltd. 101,536 45,203
PSG Group, Ltd. 61,269 351,484
Raubex Group, Ltd. 49,180 132,705
Sanlam, Ltd. 2,560,368 10,433,751
Sappi, Ltd. (I) 179,271 947,756
Sappi, Ltd., SADR (I) 156,861 832,932
Sentula Mining, Ltd. (I) 262,338 106,744
Simmer and Jack Mines, Ltd. (I) 1,178,019 132,359
Standard Bank Group, Ltd. 710,301 10,910,273
Stefanutti Stocks Holdings, Ltd. 41,189 63,056
Steinhoff International Holdings, Ltd. (I) 1,769,103 6,581,156
Super Group, Ltd. (I) 1,917,354 209,524
Telkom SA, Ltd. 271,496 1,485,674
Telkom SA, Ltd., SADR 3,000 65,160
Tiger Wheels, Ltd. (I) 32,678 0
Trans Hex Group, Ltd. (I) 44,790 16,903
Trencor, Ltd. 87,122 483,800
Value Group, Ltd. 178,661 92,485
Zeder Investments, Ltd. 46,808 16,883
 
    94,928,409
South Korea - 14.18%    
Aekyung Petrochemical Company, Ltd. 5,080 156,106
Artone Paper Manufacturing Company, Ltd. (I) 3,860 8,797
Asia Cement Company, Ltd. 3,240 137,426
Asia Paper Manufacturing Company, Ltd. 1,600 14,459
BNG Steel Company, Ltd. (I) 7,680 92,949
Bookook Securities Company, Ltd. 4,950 75,338
Boryung Pharmaceutical Company, Ltd. 3,676 77,746
BS Financial Group, Inc. (I) 185,010 2,681,671
BYC Company, Ltd. 240 34,424
Byucksan Corp. (I) 1,580 28,821
Byucksan Engineering &    
Construction Company, Ltd. (I) 7,600 10,105
Chin Hung International, Inc. (I) 156,356 32,566
Choil Aluminum    
Manufacturing Company, Ltd. 1,630 15,512
Chokwang Leather Company, Ltd. 2,200 25,765
Chong Kun Dang Pharm Corp. 5,060 115,687
Choongwae Pharma Corp. 6,159 81,673
Chosun Refractories Company, Ltd. 1,708 97,144
Chungho Comnet Company, Ltd. (I) 2,270 15,106
CJ CheilJedang Corp. 1,872 392,209
CJ Corp. 17,422 1,166,169
Cj E&m Corp. (I) 9,005 392,081
D.I. Corp 12,000 21,955
Dae Chang Industrial Company, Ltd. 43,270 70,671
Dae Dong Industrial Company, Ltd. 9,000 40,156
Dae Han Flour Mills Company, Ltd. 1,232 180,701
Dae Won Kang Up Company, Ltd. 23,117 103,778
Daeduck Electronics Company, Ltd. 41,630 388,614
Daeduck GDS Company, Ltd. 12,540 102,776
Daegu Bank 146,510 2,401,830

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Daehan Steel Company, Ltd. 9,250 $ 85,062
Daehan Synthetic Fiber Company, Ltd. 486 36,717
Daekyo Company, Ltd. 44,550 242,863
Daelim Industrial Company, Ltd. 32,582 3,171,481
Daelim Trading Company, Ltd. 1,417 5,310
Daesang Corp. 18,550 132,974
Daesang Holdings Company, Ltd. 800 2,255
Daesung Group Holdings Company, Ltd. 525 33,276
Daesung Holdings Company, Ltd. 3,150 36,908
Daesung Industrial Company, Ltd. 1,495 49,131
Daewon Pharmaceutical Company, Ltd. 5,330 34,252
Daewoo Engineering &    
Construction Company, Ltd. (I) 129,880 1,432,164
Daewoong Company, Ltd. 620 9,608
Dahaam E-Tec Company, Ltd. 2,630 54,331
Daishin Securities Company, Ltd. 53,530 718,780
Daiyang Metal Company, Ltd. (I) 6,490 8,634
Daou Technology, Inc. 26,120 223,746
DCM Corp. 4,020 44,323
Digital Power Communications Company, Ltd. 13,000 20,976
Dong Ah Tire & Rubber Company, Ltd. 10,970 95,004
Dong Wha Pharmaceutical Company, Ltd. 16,190 69,594
Dong-Il Corp. 673 33,241
Dongbang Transport Logistics Company, Ltd. 5,500 10,017
Dongbu Corp. 12,860 79,817
Dongbu HiTek Company, Ltd. (I) 26,970 397,435
Dongbu Securities Company, Ltd. 32,430 194,746
Dongbu Steel Company, Ltd. 23,705 212,519
Dongil Industries Company, Ltd. 1,340 94,514
Dongil Rubber Belt Company, Ltd. 8,421 46,394
Dongkuk Steel Mill Company, Ltd. 42,070 1,512,307
Dongwon F&B Company, Ltd. 1,080 46,317
Dongyang Engineering & Construction Corp. 1,044 9,788
Doosan Industrial Development Company, Ltd. 35,052 170,752
DPI Holdings Company, Ltd. 5,790 33,776
Eugene Investment &    
Securities Company, Ltd. (I) 457,300 263,206
F&F Company, Ltd. 4,900 36,165
Fursys, Inc. 4,452 112,218
Gaon Cable Company, Ltd. 2,934 53,798
Global & Yuasa Battery Company, Ltd. 4,350 162,499
Golden Bridge Investment &    
Securities Company, Ltd. (I) 17,880 28,639
Gwangju Shinsegae Company, Ltd. 1,111 174,709
Hae In Corp. 1,756 13,249
Halla Engineering & Construction Corp. 14,352 273,950
Han Kuk Carbon Company, Ltd. 8,620 44,656
Hana Financial Group, Inc. 234,885 10,182,131
Handok Pharmaceuticals Company, Ltd. 1,000 11,623
Handsome Company, Ltd. 17,320 328,768
Hanil Cement Manufacturing Company, Ltd. 6,209 318,699
Hanil Construction Company, Ltd. (I) 1,456 4,746
Hanjin Heavy Industries &    
Construction Company, Ltd. (I) 38,143 1,137,040
Hanjin Heavy Industries & Construction    
Holdings Company, Ltd. 14,860 170,448
Hanjin Transportation Company, Ltd. 11,210 295,900
Hankook Cosmetices    
Manufacturing Company, Ltd. 1,408 7,196
Hankook Cosmetics Company, Ltd. (I) 4,992 14,210
Hankuk Glass Industries, Inc. 1,970 59,696
Hankuk Paper Manufacturing Company, Ltd. 3,920 90,490
Hanmi Pharm Company, Ltd. (I) 567 17,548
Hanshin Construction Company, Ltd. 3,090 22,803
Hansol Chemical Company, Ltd. 2,730 42,370

 

146

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Hansol CSN Company, Ltd. 23,490 $ 36,116
Hansol Paper Company, Inc. 40,470 317,171
Hanwha Securities Company, Ltd. 58,320 392,673
Hanwha Timeworld Company, Ltd. 2,650 48,149
Hanyang Securities Company, Ltd. 11,820 92,912
Heung-A Shipping Company, Ltd. 17,782 18,540
Hite Brewery Company, Ltd. 1,873 185,260
Hite Holdings Company, Ltd. 7,640 121,774
HMC Investment Securities Company, Ltd. (I) 17,256 322,478
HS R&A Company, Ltd. 2,470 51,031
Husteel Company, Ltd. 6,110 99,544
Hwacheon Machine Tool Company, Ltd. 940 32,278
HwaSung Industrial Company, Ltd. (I) 2,730 9,861
Hyosung Corp. 14,251 1,141,522
Hyundai Cement Company, Ltd. (I) 6,160 40,509
Hyundai Development Company 68,610 1,992,095
Hyundai DSF Company, Ltd. 2,300 22,841
Hyundai Mipo Dockyard Company, Ltd. 12,693 2,163,810
Hyundai Pharmaceutical    
Industrial Company, Ltd. 15,500 20,133
Hyundai Securities Company, Ltd. 141,746 1,701,995
Il Dong Pharmaceutical Company, Ltd. 2,010 75,310
Iljin Electric Company, Ltd. 11,160 88,604
Iljin Holdings Company, Ltd. 24,771 83,117
Ilshin Spinning Company, Ltd. 508 43,383
Ilsung Pharmaceutical Company, Ltd. 1,895 139,165
Industrial Bank of Korea 208,787 3,589,591
Inzi Controls Company, Ltd. 6,050 27,436
IS Dongseo Company, Ltd. 9,640 168,310
ISU Chemical Company, Ltd. 7,460 125,631
Isupetasys Company, Ltd. 27,609 119,296
Jahwa Electronics Company, Ltd. 15,120 80,691
Jeil Mutual Savings Bank (I) 1,820 6,887
Jeil Pharmaceutical Company 13,980 148,758
Jeonbuk Bank, Ltd. 47,387 293,491
Jinheung Mutual Savings    
Bank Company, Ltd. (I) 36,500 102,972
Joongang Construction Company, Ltd. (I) 1,260 1,812
KB Financial Group, Inc. 22,348 1,169,504
KB Financial Group, Inc., ADR (L) 337,933 17,629,965
KCC Corp. 5,518 1,827,061
KCTC 1,530 23,720
Keangnam Enterprises, Ltd. (I) 8,628 95,879
Keyang Electric Machinery Company, Ltd. 13,000 28,410
KG Chemical Corp. 5,600 44,939
KIC, Ltd. (I) 6,540 21,481
KISCO Corp. 3,841 108,450
KISCO Holdings Company, Ltd. 778 30,471
Kishin Corp. 2,629 12,192
KISWIRE, Ltd. 4,735 173,686
Kolon Corp. 1,959 52,340
Kolon Engineering &    
Construction Company, Ltd. (I) 19,480 78,384
Korea Airport Service Company, Ltd. 2,720 111,569
Korea Cast Iron Pipe Industries Company, Ltd. 5,500 20,147
Korea Circuit Company, Ltd. (I) 5,300 42,035
Korea Development Corp. (I) 5,485 19,446
Korea Development Financing Corp. 1,395 24,540
Korea Electric Terminal Company, Ltd. 5,770 98,197
Korea Exchange Bank 325,730 2,875,505
Korea Express Company, Ltd. (I) 8,268 789,718
Korea Flange Company, Ltd. 4,810 69,430
Korea Green Paper    
Manufacturing Company, Ltd. (I) 3,243 5,394
Korea Investment Holdings Company, Ltd. 44,860 1,713,509

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Korea Line Corp. (I) 10,622 $ 92,378
Korea Mutual Savings Bank (I) 2,320 14,404
Korean Petrochemical    
Industrial Company, Ltd. 1,283 137,715
KPX Chemcial Company, Ltd. 933 46,955
KTB Network Corp. (I) 55,710 205,342
Kukdo Chemical Company, Ltd. 2,470 127,531
Kumho Electric Company, Ltd. 2,015 64,745
Kumho Industrial Company, Ltd. (I) 5,973 69,011
Kumho Investment Bank 160,570 103,035
Kumkang Industrial Company, Ltd. 1,400 13,901
Kunsul Chemical Industrial Company, Ltd. 1,970 26,658
Kwang Dong Pharmaceutical Company, Ltd. 51,130 146,513
Kyeryong Construction    
Industrial Company, Ltd. 6,260 93,465
Kyobo Securities Company, Ltd. 10,378 67,657
Kyung Nong Corp. 9,470 30,972
Kyung-in Synthetic Corp. 6,470 22,132
Kyungbang, Ltd. 1,042 102,530
Lee Ku Industrial Company, Ltd. 8,395 14,813
LG Display Company, Ltd., ADR (L) 443,654 6,978,677
LG Electronics, Inc. 116,453 11,127,302
LG Hausys, Ltd. 2,592 176,285
LG Uplus Corp. 242,570 1,368,803
Livart Furniture Company, Ltd. 1,200 8,729
Lotte Chilsung Beverage Company, Ltd. 825 807,833
Lotte Confectionery Company, Ltd. 833 1,138,267
Lotte Midopa Company, Ltd. 14,350 231,746
Lotte Samkang Company, Ltd. 924 229,115
Lotte Shopping Company, Ltd. 12,948 5,299,833
Manho Rope & Wire, Ltd. 1,350 19,999
Meritz Securities Company, Ltd. (I) 230,139 211,645
Mi Chang Oil Industrial Company, Ltd. 905 42,067
Moorim P&P Company, Ltd. 14,710 182,061
Moorim Paper Company, Ltd. 6,910 51,532
Motonic Corp. 6,055 46,559
Namkwang Engineering &    
Construction Company, Ltd. (I) 17,170 32,038
Namyang Dairy Products Company, Ltd. 559 382,298
Nexen Corp. 1,516 103,726
NH Investment & Securities Company, Ltd. 24,969 207,965
Nong Shim Company, Ltd. 1,676 371,109
Nong Shim Holdings Company, Ltd. 2,560 135,076
Ottogi Corp. 876 104,601
Pacific Corp. 3,745 674,267
Pang Rim Company, Ltd. 910 10,377
PaperCorea, Inc. (I) 7,094 47,962
Poonglim Industrial Company, Ltd. (I) 3,790 5,862
Poongsan Holdings Corp. 5,382 185,226
POSCO Coated & Color Steel Company, Ltd. 4,050 103,274
POSCO, ADR 31,245 3,570,991
Pumyang Construction Company, Ltd. (I) 1,411 4,404
Pusan City Gas Company, Ltd. 7,300 133,163
S&T Daewoo Company, Ltd. 4,680 132,120
S&T Dynamics Company, Ltd. 24,980 403,076
S&T Holdings Company, Ltd. 11,230 150,822
Saehan Media Company, Ltd. (I) 4,273 22,844
Saeron Automotive Corp. 5,550 24,021
Sam Lip General Foods Company, Ltd. 2,300 28,330
Sam Young Electronics Company, Ltd. 10,510 109,086
Sam Yung Trading Company, Ltd. 4,459 24,209
Sambu Construction Company, Ltd. 5,132 73,194
Samhwa Paint Industrial Company, Ltd. 5,090 17,596
Samick Musical Instruments Company, Ltd. 8,450 8,545
Samsung Corp. 79,429 5,189,719

 

147

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Samsung SDI Company, Ltd. 30,919 $ 4,726,800
Samwhan Corp. 6,280 51,952
Samyang Corp. 6,510 381,855
Samyang Genex Company, Ltd. 2,270 124,721
Samyang Tongsang Company, Ltd. 1,360 29,321
Savezone I&C Corp. (I) 16,880 34,955
SBS Media Holdings Company, Ltd. (I) 35,780 77,416
SeAH Holdings Corp. 1,122 131,771
SeAH Steel Corp. 2,835 195,463
Sebang Company, Ltd. 11,820 181,337
Sejong Industrial Company, Ltd. 1,240 15,724
Seowon Company, Ltd. 1,920 6,410
SGWICUS Corp. (I) 84,000 29,044
SH Chemical Company, Ltd. (I) 30,567 9,735
Shell-line Company, Ltd. 4,300 22,602
Shin Poong Pharmaceutical Company, Ltd. 1,926 73,879
Shinhan Engineering &    
Construction Company, Ltd. (I) 6,016 27,485
Shinhan Financial Group    
Company, Ltd., SADR (L) 195,168 17,676,366
Shinhan Financial Group Company, Ltd. 35,863 1,629,765
Shinil Engineering Company, Ltd. (I) 3,180 11,763
Shinsegae Engineering &    
Construction Company, Ltd. 700 8,498
Shinsegae Information &    
Communication Company, Ltd. 1,038 58,249
Shinsung FA Company, Ltd. 1,950 8,274
Shinwon Corp. 27,180 34,962
Shinyoung Securities Company, Ltd. 5,296 177,413
Silla Company, Ltd. 5,476 73,318
Sindoh Company, Ltd. 3,959 187,001
SJM Company, Ltd. 2,999 9,818
SJM Holdings Company, Ltd. 2,800 15,341
SK Gas Company, Ltd. 2,870 104,177
SK Holdings Company, Ltd. 35,524 5,365,094
SK Networks Company, Ltd. 82,447 922,983
Solomon Mutual Savings Bank (I) 3,600 8,679
Ssangyong Cement    
Industrial Company, Ltd. (I) 20,770 154,157
STX Pan Ocean Company, Ltd. 112,020 1,010,983
Suheung Capsule Company, Ltd. 2,800 20,344
Sung Bo Chemicals Company, Ltd. 950 19,010
Sungjee Construction Company, Ltd. (I) 1,400 1,123
Sungshin Cement Company, Ltd. (I) 15,480 51,748
Sunjin Company, Ltd. (I) 4,662 39,355
Sunjin Company, Ltd. (I) 793 18,427
Tae Kyung Industrial Company, Ltd. 10,000 41,190
Taegu Department Store Company, Ltd. 9,340 102,200
Taekwang Industrial Company, Ltd. 444 526,186
Taeyoung Engineering & Construction, Ltd. 55,620 260,920
Taihan Electric Wire Company, Ltd. (I) 87,691 405,636
Taihan Textile Company, Ltd. (I) 290 9,254
Tailim Packaging Industrial Company, Ltd. 30,000 39,200
Tec & Company (I) 35,280 4,980
Teemsteems Inc (I) 387 10,443
Telcoware Company, Ltd. 3,800 26,708
Tong Yang Investment Bank 75,161 539,020
Tong Yang Major Corp. (I) 16,920 32,735
TS Corp. 2,616 103,939
Uangel Corp. 3,800 13,328
Unid Company, Ltd. 2,191 133,823
Union Steel Company, Ltd. 8,940 188,916
Wiscom Company, Ltd. 3,760 14,653
Woongjin Holdings Company, Ltd. (I) 39,346 319,057
Woori Finance Holdings Company, Ltd. 359,277 4,756,218

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Woori Finance Holdings Company, Ltd., ADR 100 $ 3,948
Woori Financial Company, Ltd. 5,310 75,933
Woori Investment & Securities Company, Ltd. 95,320 1,742,360
YESCO Company, Ltd. 1,950 42,672
Yoosung Enterprise Company, Ltd. 6,386 15,289
Youlchon Chemical Company, Ltd. 19,470 153,295
Young Poong Corp. 675 523,899
Young Poong Paper    
Manufacturing Company, Ltd. 650 8,387
Youngone Corp. 18,824 178,222
Youngone Holdings Company, Ltd. 2,496 74,536
YuHwa Securities Company, Ltd. 3,410 46,953
 
    158,826,451
Taiwan - 12.78%    
Acbel Polytech, Inc. 63,000 45,810
Accton Technology Corp. 664,000 428,434
Achem Technology Corp. 103,000 66,326
Action Electronics Company, Ltd. (I) 185,000 59,162
AGV Products Corp. (I) 521,505 224,205
Alpha Networks, Inc. 150,000 124,362
Altek Corp. 73,000 100,084
Ampoc Far-East Co., Ltd. (I) 86,993 56,233
APCB, Inc. 25,000 24,323
Apex Science & Engineering 6,240 2,407
Arima Optoelectronics Corp. (I) 63,750 27,878
Asia Cement Corp. 1,886,430 2,118,367
Asia Optical Company, Inc. (I) 79,000 154,576
Asia Polymer Corp. 274,800 474,078
Asustek Computer, Inc. 262,922 2,273,162
AU Optronics Corp. (I)(L) 904,460 7,941,159
Audix Corp. 81,200 89,394
Aurora Systems Corp. 127,000 137,241
Avision, Inc. 154,751 121,380
Bank of Kaohsiung, Ltd. (I) 464,760 196,045
BES Engineering Corp. 2,195,700 651,213
Biostar Microtech International Corp. 52,000 28,456
C Sun Manufacturing, Ltd. 85,607 75,625
Cameo Communications, Inc. 131,080 57,303
Capital Securities Corp. 440,078 196,879
Carnival Industrial Corp. (I) 205,000 69,247
Cathay Chemical Works, Inc. 93,000 42,390
Cathay Real Estate    
Development Company, Ltd. 1,335,000 648,599
Central Reinsurance Company, Ltd. 293,422 167,725
Chain Qui Development Company, Ltd. 75,000 61,232
Champion Building Materials Company, Ltd. 59,132 47,266
Chang Hwa Commercial Bank, Ltd. 4,676,000 3,754,319
Charoen Pokphand Enterprise. 147,000 93,011
Cheng Loong Corp. 1,358,000 641,451
Chia Hsin Cement Corp. 674,686 385,260
Chien Kuo Construction Company, Ltd. 79,800 43,841
Chien Shing Stainless Steel Company, Ltd. (I) 199,000 48,328
Chimei Innolux Corp. (I) 4,927,073 5,054,829
Chin-Poon Industrial Company, Ltd. 571,571 466,679
China Development Financial Holdings Corp. 12,307,809 4,962,045
China General Plastics Corp. 495,000 221,971
China Manmade Fibers Corp. (I) 1,729,000 924,845
China Metal Products Company, Ltd. 177,223 180,689
China Motor Company, Ltd. 929,125 760,236
China Steel Structure Company, Ltd. 169,000 179,739
China Synthetic Rubber Corp. 122,965 116,913
China Wire & Cable Company, Ltd. (I) 128,000 49,228
Chun Yu Works & Company, Ltd. (I) 155,000 50,906
Chun Yuan Steel Industrial Company, Ltd. 616,525 324,746

 

148

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Chung Hsin Electric &    
Machinery Manufacturing Corp. 121,000 $ 74,780
Chung Hung Steel Corp. (I) 85,217 51,518
Chung Hwa Pulp Corp. (I) 487,000 270,019
Chunghwa Picture Tubes, Ltd. (I) 4,649,429 578,949
CMC Magnetics Corp. (I) 4,348,000 1,053,300
Collins Company, Ltd. 130,200 60,221
Compal Electronics, Inc. 1,872,000 1,857,503
Compeq Manufactuing Company, Ltd. (I) 1,453,000 861,099
Continental Holdings Corp. (I) 821,000 343,533
Coxon Precise Industrial Company, Ltd. 29,000 52,683
D-Link Corp. 389,834 362,793
Da Cin Construction Company, Ltd. 28,000 18,051
Darfon Electronics Corp. 93,850 128,355
Delpha Construction Company, Ltd. 142,766 71,400
Dynamic Electronics Company, Ltd. 101,000 56,317
E.Sun Financial Holding Company, Ltd. 4,551,586 2,864,371
Eastern Media International Corp. (I) 1,273,049 293,867
Edom Technology Company, Ltd. 141,000 68,104
Elitegroup Computer Systems Company, Ltd. 968,793 336,213
Enlight Corp. (I) 49,130 6,750
Entie Commercial Bank (I) 17,000 8,497
Everest Textile Company, Ltd. (I) 230,000 61,089
Evergreen International Storage    
& Transport Corp. 119,600 95,612
Evergreen Marine Corp. (I) 1,753,000 1,460,005
Everspring Industry Company, Ltd. (I) 182,000 55,733
Evertop Wire Cable Corp. (I) 147,414 36,125
Excel Cell Electronic Company, Ltd. 34,000 19,248
Far Eastern International Bank 1,689,024 767,090
Federal Corp. 499,605 322,083
First Copper Technology Company, Ltd. 356,000 171,708
First Financial Holding Company, Ltd. 3,801,571 3,259,190
First Insurance Company, Ltd. 193,475 116,841
Forhouse Corp. 35,099 33,267
Formosa Oilseed Processing (I) 82,692 40,786
Formosa Taffeta Company, Ltd. 1,399,000 1,404,830
Formosan Rubber Group, Inc. 235,000 223,487
Formosan Union Chemical (I) 370,468 222,280
Founding Construction &    
Development Company, Ltd. 37,000 27,123
Froch Enterprise Company, Ltd. (I) 20,000 12,567
FSP Technology, Inc. 23,000 29,025
FU I Industrial Company, Ltd. (I) 202,000 62,704
Fullerton Technology Company, Ltd. 78,600 108,956
Fwusow Industry Company, Ltd. 162,463 81,702
G Shank Enterprise Company, Ltd. 26,000 19,191
Gamma Optical Company, Ltd. 26,400 16,800
Gemtek Technology Corp. 155,000 177,946
Getac Technology Corp. 460,000 245,664
Giantplus Technology Company, Ltd. (I) 170,000 113,177
Gigabyte Technology Company, Ltd. 854,000 823,864
Global Brands Manufacture, Ltd. 33,000 20,489
Gold Circuit Electronics, Ltd. (I) 666,204 283,383
Goldsun Development &    
Construction Company, Ltd. 1,628,430 716,524
Gordon Auto Body Parts Company, Ltd. (I) 120,184 37,339
Grand Pacific Petrochemical Corp. 783,000 481,371
Great Wall Enterprise Company, Ltd. 33,000 35,249
GTM Corp. (I) 159,000 108,181
Hannstar Board Corp. 98,998 59,294
HannStar Display Corp. (I) 4,719,000 838,579
Hey Song Corp. 640,000 505,016
Ho Tung Chemical Corp. (I) 645,153 367,524
Hocheng Group Corp. (I) 424,500 168,685

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Hold-Key Electric Wire &    
Cable Company, Ltd. (I) 28,000 $ 19,768
Holystone Enterprise Company, Ltd. 117,000 144,071
Hong TAI Electric Industrial Company, Ltd. 351,000 169,581
Hsin Kuang Steel Company, Ltd. 312,085 344,412
Hsing TA Cement Company, Ltd. 435,000 153,120
Hua Eng Wire & Cable Company, Ltd. 923,000 349,737
Hua Nan Financial Holdings Company, Ltd. 1,065,840 796,527
Hung Ching Development Company, Ltd. 173,000 102,713
Hung Sheng Construction Company, Ltd. 827,200 459,582
Hwa Fong Rubber Company, Ltd. (I) 427,770 143,159
I-Chiun Precision Industry Company, Ltd. 54,000 60,426
Ichia Technologies, Inc. 478,180 297,843
Inotera Memories, Inc. (I) 1,454,000 742,189
Inventec Appliances Corp. 133,000 105,229
Inventec Company, Ltd. 2,438,830 1,243,086
Jui Li Enterprise Company, Ltd. (I) 66,950 19,764
K Laser Technology, Inc. 82,214 44,477
Kang Na Hsiung Enterprise Company, Ltd. 105,000 68,721
Kaulin Manufacturing Company, Ltd. 202,710 226,166
Kindom Construction Company, Ltd. 136,000 98,079
King Yuan Electronics Company, Ltd. (I) 1,771,796 976,495
King’s Town Bank (I) 1,281,000 720,166
Kinpo Electronics, Inc. (I) 1,828,269 577,578
Kwong Fong Industries Corp. (I) 671,300 272,568
KYE System Corp. 120,000 88,571
L&K Engineering Company, Ltd. 67,000 79,992
Lan Fa Textile Company, Ltd. (I) 174,874 105,322
Lead Data, Inc. (I) 289,753 41,050
Lealea Enterprise Company, Ltd. 891,111 478,994
LEE CHI Enterprises Company, Ltd. 118,000 58,400
Lelon Electronics Corp. (I) 73,000 52,921
Leofoo Development Company, Ltd. (I) 36,000 22,567
Li Peng Enterprise Company, Ltd. (I) 546,864 275,383
Lien Hwa Industrial Corp. 753,807 525,068
Lingsen Precision Industries, Ltd. 372,481 287,675
Lite-on It Corp. 62,309 62,030
Lite-On Semiconductor Corp. (I) 233,000 144,851
Lite-On Technology Corp. 2,143,599 2,640,023
Long Bon International Company, Ltd. 82,000 29,019
Long Chen Paper Company, Ltd. 750,771 302,360
Lucky Cement Corp. 390,000 98,503
Macronix International Company, Ltd. 162,372 107,733
Marketech International Corp. 57,000 43,532
Masterlink Securities Corp 689,000 294,958
Maxtek Technology Company, Ltd. 16,000 19,001
Mayer Steel Pipe Corp. 297,574 210,840
Mega Financial Holding Company, Ltd. 10,653,000 8,389,505
Meiloon Industrial Company, Ltd. 117,048 58,929
Mercuries & Associates, Ltd. 78,750 57,421
Mercuries Data Systems, Ltd. (I) 49,000 22,007
Micro-Star International Company, Ltd. 1,410,264 719,650
Microelectronics Technology (I) 162,000 81,562
Mitac International 1,913,956 822,440
Mobiletron Electronics Company, Ltd. 56,000 46,155
Mosel Vitelic, Inc. (I) 386,000 193,074
Mustek Systems, Inc. (I) 28,367 4,408
Nantex Industry Company, Ltd. 11,880 10,051
Nien Hsing Textile Company, Ltd. 617,377 486,810
Optimax Technology Corp. (I) 152,610 21,562
Orient Semiconductor Electronics, Ltd. (I) 367,000 84,649
Pacific Construction Company, Ltd. (I) 160,000 27,787
Paragon Technologies Company, Ltd. 40,000 72,263
Pegatron Corp. (I) 707,660 801,685
Plotech Company, Ltd. 30,000 22,502

 

149

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Polaris Securities Company, Ltd. 1,356,000 $ 917,928
Pou Chen Corp. 1,439,348 1,329,253
President Securities Corp. 516,840 312,097
Prodisc Technology, Inc. (I) 762,000 9,365
Promate Electronic Company, Ltd. 40,000 29,933
Qisda Corp. (I) 32,000 19,380
Quintain Steel Company, Ltd. (I) 325,500 129,914
Ralec Electronic Corp. 41,335 87,792
Rechi Precision Company, Ltd. (I) 36,000 22,194
Reward Wool Industry Corp. (I) 181,000 50,118
Rexon Industrial Corp., Ltd. (I) 80,000 21,610
Ritek Corp. (I) 4,226,029 1,265,986
Sampo Corp. (I) 902,338 301,504
Sanyang Industrial Company, Ltd. (I) 898,924 530,603
Sheng Yu Steel Company, Ltd. 169,000 121,774
Shihlin Electric & Engineering Corp. 32,000 39,514
Shin Zu Shing Company, Ltd. 13,000 34,352
Shinkong Synthetic Fibers Corp. 2,104,563 941,558
Shuttle, Inc. (I) 67,000 39,065
Sigurd Microelectronics Corp. 376,293 346,355
Silicon Integrated Systems Corp. 304,000 171,376
Sinbon Electronics Company, Ltd. 39,000 30,246
Sinon Corp. 368,650 169,278
SinoPac Holdings Company, Ltd. 8,186,000 3,690,109
Siward Crystal Technology Company, Ltd. (I) 64,213 38,836
Solelytex Industrial Corp. (I) 21,000 12,230
Solomon Technology Corp. (I) 90,394 39,818
Southeast Cement Company, Ltd. 295,000 142,328
Spirox Corp. 127,068 97,170
Springsoft, Inc. 102,000 115,552
Stark Technology, Inc. 57,000 50,505
Sunplus Technology Company, Ltd. (I) 249,000 156,280
Supreme Electronics Company, Ltd. 181,000 169,374
Sweeten Construction Company, Ltd. 34,650 22,159
Ta Chen Stainless Pipe Company, Ltd. 556,850 385,930
Ta Chong Bank Company, Ltd. (I) 2,544,000 947,907
Ta Ya Electric Wire & Cable Company, Ltd. 919,244 258,594
TA-I Technology Company, Ltd. 35,000 37,764
Tah Hsin Industrial Company, Ltd. 217,000 203,413
Taichung Commercial Bank (I) 1,928,190 820,094
Tainan Enterprises Company, Ltd. 194,250 269,950
Tainan Spinning Company, Ltd. 1,654,500 1,098,488
Taishin Financial Holdings Company, Ltd. (I) 6,798,087 3,851,033
Taisun Enterprise Company, Ltd. 68,840 40,346
Taita Chemical Company, Ltd. (I) 103,000 58,612
Taiwan Business Bank (I) 3,625,440 1,440,411
Taiwan Cement Corp. 2,417,983 2,917,671
Taiwan Cogeneration Corp. 335,920 231,345
Taiwan Cooperative Bank 4,911,313 3,855,011
Taiwan Fu Hsing Industrial Company, Ltd. 231,000 180,699
Taiwan Glass Industrial Corp. 803,471 1,014,970
Taiwan Kolin Company, Ltd. 327,000 0
Taiwan Land Development Corp. (I) 88,000 43,404
Taiwan Mask Corp. 407,150 167,492
Taiwan Paiho, Ltd. 378,360 435,685
Taiwan Pulp & Paper Corp. (I) 394,000 235,878
Taiwan Sogo Shin Kong 27,000 21,581
Taiwan Styrene Monomer Corp. 718,159 333,532
Taiwan Tea Corp. 546,000 313,049
Taiyen Biotech Company, Ltd. 320,000 259,087
Tatung Company, Ltd. (I) 5,377,000 1,234,242
Teapo Electronic Corp. (I) 108,163 31,521
Teco Electric & Machinery Company, Ltd. 2,874,000 2,011,649
Tex-Ray Industrial Company, Ltd. (I) 90,000 31,843
Ton Yi Industrial Corp. 664,000 361,042

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Tong Yang Industry Company, Ltd. 82,000 $ 117,791
Topco Scientific Company, Ltd. 11,220 15,389
Topoint Technology Company, Ltd. 34,000 33,258
Tung Ho Steel Enterprise Corp. 24,000 27,837
Twinhead International Corp. (I) 224,000 31,930
TYC Brother Industrial Company, Ltd. 163,900 96,187
Tycoons Group Enterprise Company, Ltd. (I) 367,768 109,917
TZE Shin International Company, Ltd. 51,183 22,195
U-Tech Media Corp. (I) 180,000 55,229
Union Bank of Taiwan (I) 714,781 252,626
Unitech Electronics Company, Ltd. 158,039 88,965
Unitech Printed Circuit Board Corp. (I) 609,550 348,906
United Microelectronics Corp. 16,156,794 8,397,341
Universal Cement Corp. 821,108 523,765
Universal Microelectronics Company, Ltd. (I) 60,000 34,127
Unizyx Holding Corp. (I) 377,000 345,046
UPC Technology Corp. 892,870 661,382
Ve Wong Corp. 93,993 72,041
Walsin Lihwa Corp. (I) 4,214,000 2,215,036
Walsin Technology Corp. (I) 826,064 510,109
Walton Advanced Engineering, Inc. 229,584 113,280
Waterland Financial Holding Company 2,721,082 1,483,206
WEI Chih Steel Industrial Company, Ltd. (I) 100,000 31,625
Weikeng Industrial Company, Ltd. 90,000 83,421
Wellypower Optronics Corp. 45,000 55,461
Winbond Electronics Corp. (I) 4,720,000 1,501,896
WT Microelectronics Company, Ltd. 101,000 154,266
WUS Printed Circuit Company, Ltd. (I) 520,000 337,913
Yageo Corp. 3,548,000 1,736,829
Yeun Chyang Industrial Company, Ltd. 133,000 109,743
Yi Jinn Industrial Company, Ltd. (I) 258,849 104,968
Yieh Phui Enterprise Company, Ltd. 1,657,669 636,460
Yuen Foong Yu Paper    
Manufacturing Company, Ltd. 1,653,401 714,238
Yulon Motor Company, Ltd. 1,281,827 2,368,253
Yung Chi Paint & Varnish    
Manufacturing Company, Ltd. 63,787 99,864
Yungtay Engineering Company, Ltd. 529,000 833,147
Zenitron Corp. 135,000 94,380
Zig Sheng Industrial Company, Ltd. 234,732 158,431
 
    143,168,614
Thailand - 2.03%    
Aapico Hitech PCL 120,600 55,027
Asia Plus Securities PCL 976,600 93,640
Bangchak Petroleum PCL 805,100 511,090
Bangkok Aviation Fuel Services PCL 139,371 50,228
Bangkok Bank PCL 1,038,900 5,909,091
Bangkok Bank PCL (Foreign REG) 145,000 830,946
Bangkok Expressway PCL 565,700 353,504
Bangkok Insurance PCL 3,250 26,327
Bangkokland PCL (I) 9,510,100 223,249
Bank of Ayudhya PCL 2,762,100 2,275,319
Cal-Comp Electronics Thailand PCL 1,880,300 196,454
Capital Nomura Securities PCL 25,000 23,558
Central Plaza Hotel PCL 791,000 135,996
Eastern Water Resources Development &    
Management PCL 295,200 57,586
Esso Thailand PCL 1,090,000 392,825
G J Steel PCL (I) 23,487,100 194,140
G Steel PCL (I) 3,947,700 96,588
Golden Land Property PCL (I) 37,000 3,496
Hana Microelectronics PCL 243,200 192,984
IRPC PCL 9,283,000 1,764,829
Italian-Thai Development PCL 3,079,100 427,582

 

150

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thailand (continued)    
KGI Securities Thailand PCL 566,200 $ 47,176
Kiatnakin Finance PCL 356,200 415,145
Krung Thai Bank PCL 4,967,600 3,022,114
Krungthai Card PCL 134,500 77,378
Loxley PCL 604,500 52,365
MBK PCL 46,300 148,108
Padaeng Industry PCL 166,300 121,515
Pranda Jewelry PCL 214,300 44,993
Precious Shipping PCL 577,100 345,363
Regional Container Lines PCL (I) 582,300 196,378
Saha-Union PCL 204,000 254,621
Sahaviriya Steel Industries PCL (I) 8,662,200 369,457
Sansiri PCL 965,300 181,921
SC Asset Corp. PCL 168,200 116,786
Serm Suk PCL 86,700 138,313
Somboon Advance Technology Pcl 25,000 18,763
Tata Steel Thailand PCL (I) 5,227,800 271,372
Thai Airways International PCL 885,300 1,104,979
Thai Carbon Black PCL 44,000 40,007
Thaicom PCL (I) 758,200 169,213
Thanachart Captial PCL 811,900 872,433
Thoresen Thai Agencies PCL 437,660 272,045
TPI Polene PCL 1,302,600 516,819
Vanachai Group PCL 940,600 161,717
 
    22,773,440
Turkey - 2.61%    
Adana Cimento Sanayi AS 500 269
Akcansa Cimento AS 73,160 346,467
Aksa Akrilik Kimya Sanayi AS 170,085 400,333
Alarko Holding AS 100,330 229,137
Anadolu Cam Sanayi AS (I) 171,177 389,200
Anadolu Isuzu Otomotiv Sanayi AS (I) 6,122 33,635
Anadolu Sigorta AS 360,610 277,967
Arcelik AS 355,196 1,643,431
Aygaz AS 144,675 919,208
Bati Cimento AS 7,926 39,861
BatiSoke AS (I) 23,755 25,514
Bolu Cimento Sanayii AS 117,979 128,316
Borusan Mannesmann Boru Sanayi AS 14,559 159,873
Cemtas Celik Makina AS (I) 98,165 65,506
Cimsa Cimento Sanayi ve Ticaret AS 81,470 535,121
Dogan Sirketler Grubu Holdings AS (I) 1,464,692 1,135,743
Eczacibasi Ilac Sanayi AS 268,690 410,689
Eregli Demir ve Celik Fabrikalari AS (I) 535,542 1,433,357
Eregli Demir ve Celik Fabrikalari TAS (I) 184,092 462,600
Gentas Genel Metal Sanayi ve Ticaret AS 43,807 64,147
Global Yatirim Holding AS (I) 380,889 308,507
Goldas Kuyumculuk Sanayi AS (I) 54,846 35,896
Goodyear Lastikleri Turk AS (I) 10,244 277,767
GSD Holding AS (I) 418,949 265,558
Gunes Sigorta AS (I) 87,172 116,892
Hektas Ticaret TAS 67,687 74,456
Hurriyet Gazetecilik AS 291,507 380,935
Ihlas Holding AS (I) 428,667 605,351
Kardemir Karabuk Demir Celik Sanayi ve    
Ticaret AS (I) 371,286 293,102
KOC Holdings AS 745,693 3,462,251
Kordsa Global Endustriyel Iplik ve Kord Bezi    
Sanayi ve Ticaret Anonim Sirketi AS 305,538 821,870
Marmaris Marti Otel Isletmeleri AS (I) 100,968 76,496
Menderes Tekstil Sanayi ve Ticaret AS (I) 126,375 74,519
Net Turizm Ticaret ve Sanayi AS (I) 196,638 149,000
Parsan Makina Parcalari Sanayi AS (I) 48,236 67,818
Petkim Petrokimya Holding AS (I) 763,404 1,160,784

 

Emerging Markets Value Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Turkey (continued)    
Pinar Entegre Et ve Un Sanayi AS 36,324 $ 159,532
Pinar Sut Mamulleri Sanayii AS 25,633 227,642
Sanko Pazarlama Ithalat Ihracat AS (I) 20,076 60,278
Sarkuysan Elektrolitik Bakir AS 84,128 230,831
Sekerbank AS 354,271 396,923
Tekfen Holding AS 210,781 826,053
Tekstil Bankasi AS (I) 84,007 52,787
Trakya Cam Sanayi AS (I) 365,331 853,454
Turcas Petrolculuk AS 113,258 297,393
Turk Ekonomi Bankasi AS 377,624 525,989
Turk Hava Yollari AS (I) 523,820 1,457,940
Turk Sise ve Cam Fabrikalari AS (I) 582,337 1,312,991
Turkiye Is Bankasi AS 522,375 1,671,783
Turkiye Sinai Kalkinma Bankasi AS 637,597 1,115,294
Turkiye Vakiflar Bankasi Tao 1,023,771 2,560,390
Ulker Gida Sanayi ve Ticaret AS 110,020 400,677
Uzel Makina Sanayi AS (I) 22,930 0
Vestel Elektronik Sanayi ve Tracaret AS (I) 118,623 203,674
 
    29,225,207
TOTAL COMMON STOCKS (Cost $795,695,260) $ 1,085,717,898
 
PREFERRED SECURITIES - 2.67%    
Brazil - 2.65%    
Banco Daycoval SA 91,000 679,999
Banco do Estado do Rio Grande do Sul SA 199,900 2,461,023
Banco Industrial e Comercial SA 155,800 1,211,932
Banco Panamericano SA 138,100 491,447
Banco Pine SA 43,000 355,557
Banco Sofisa SA 83,500 249,071
Bardella SA Industrias Mecanicas 916 86,121
Companhia de Ferro Ligas Da Bahia 109,624 862,140
Companhia de Tecidos Norte de Minas SA 92,100 265,133
Confab Industrial SA 399,517 1,076,700
Eucatex SA Industria E Comercio 19,400 106,467
Forjas Taurus SA 27,570 70,586
Inepar SA Industria E Construcoes (I) 99,748 326,251
Klabin SA 542,800 2,194,273
Metalurgica Gerdau SA 332,600 4,962,568
Parana Banco SA 21,400 156,897
Petroleo Brasileiro SA 46,169 806,222
Sao Paulo Alpargatas SA 2,100 14,406
Suzano Papel e Celulose SA 256,200 2,361,688
Telemar Norte Leste SA 55,400 1,881,561
Uniao de Industrias Petroquimicas SA (I) 731,700 201,675
Universo Online SA 68,800 661,178
Usinas Siderurgicas de Minas Gerais SA 681,000 8,237,987
 
    29,720,882
India - 0.01%    
Trent, Ltd., Series A (I) 926 18,688
Trent, Ltd., Series B (I) 926 17,340
 
    36,028
Malaysia - 0.01%    
TA Global BHD 1,233,900 140,552
TOTAL PREFERRED SECURITIES (Cost $21,054,301) $ 29,897,462
 
RIGHTS - 0.00%    
Central Bank of India (Expiration Date:    
04/07/2011, Strike Price: INR 103.00) (I) 6,876 6,060
Daesung Industrial Company, Ltd. (Expiration    
Date: 04/27/2011, Strike Price:    
KRW 26,000.00) (I) 654 4,382

 

151

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
RIGHTS (continued)      
Robinsons Land Corp. (Expiration Date:      
04/15/2011, Strike Price: PHP 10.00) (I)   1,042,700 $ 36,519
TOTAL RIGHTS (Cost $5,638)     $ 46,961
 
WARRANTS - 0.00%      
Xiwang Sugar Holdings Company, Ltd.      
(Expiration Date: 02/22/2012, Strike Price:    
HKD 2.55) (I)   80,619 1,659
TOTAL WARRANTS (Cost $0)     $ 1,659
 
SECURITIES LENDING COLLATERAL - 6.26%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   7,006,582 70,114,170
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $70,116,290)     $ 70,114,170
 
SHORT-TERM INVESTMENTS - 0.21%    
Money Market Funds* - 0.21%      
State Street Institutional Liquid Reserves      
Fund, 0.1855% $ 2,295,513 $ 2,295,513
TOTAL SHORT-TERM INVESTMENTS (Cost $2,295,513) $ 2,295,513
Total Investments (Emerging Markets Value Trust)  
(Cost $889,167,002) - 106.04%     $ 1,188,073,663
Other assets and liabilities, net - (6.04%)     (67,641,129)
 
TOTAL NET ASSETS - 100.00%     $ 1,120,432,534
 
 
 
 
Equity-Income Trust      
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 95.39%      
Consumer Discretionary - 14.07%      
Automobiles - 0.83%      
General Motors Company (I)   178,700 $ 5,545,061
Harley-Davidson, Inc. (L)   266,700 11,332,083
 
      16,877,144
Distributors - 0.49%      
Genuine Parts Company   187,900 10,078,956
Diversified Consumer Services - 0.25%      
H&R Block, Inc. (L)   303,500 5,080,590
Hotels, Restaurants & Leisure - 0.68%      
Marriott International, Inc., Class A (L)   289,487 10,299,947
MGM Resorts International (I)(L)   274,400 3,608,360
 
      13,908,307
Household Durables - 2.41%      
D.R. Horton, Inc. (L)   240,900 2,806,485
Fortune Brands, Inc.   420,700 26,037,123
Whirlpool Corp. (L)   240,300 20,512,008
 
      49,355,616
Internet & Catalog Retail - 0.21%      
Expedia, Inc. (L)   186,300 4,221,558
Leisure Equipment & Products - 0.80%      
Mattel, Inc.   654,075 16,306,090
Media - 5.67%      
Cablevision Systems Corp., Class A   432,300 14,961,903
Comcast Corp., Class A   450,400 11,133,888

 

Equity-Income Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Madison Square Garden, Inc., Class A (I) 121,300 $ 3,273,887
The McGraw-Hill Companies, Inc. 517,200 20,377,680
The New York Times Company, Class A (I)(L) 661,800 6,267,246
The Walt Disney Company 576,600 24,845,694
Time Warner, Inc. 801,000 28,595,700
WPP PLC 516,977 6,374,719
 
    115,830,717
Multiline Retail - 0.39%    
Macy’s, Inc. 333,000 8,078,580
Specialty Retail - 2.34%    
Bed Bath & Beyond, Inc. (I) 300,959 14,527,291
Home Depot, Inc. 813,400 30,144,604
Staples, Inc. 86,300 1,675,946
Tiffany & Company (L) 23,200 1,425,408
 
    47,773,249
 
    287,510,807
Consumer Staples - 6.85%    
Beverages - 0.89%    
PepsiCo, Inc. 283,400 18,253,794
Food Products - 3.05%    
Archer-Daniels-Midland Company 174,100 6,269,341
Campbell Soup Company (L) 321,900 10,658,109
ConAgra Foods, Inc. 483,700 11,487,875
McCormick & Company, Inc., Class B 180,300 8,623,749
The Hershey Company 465,400 25,294,490
 
    62,333,564
Household Products - 2.06%    
Clorox Company (L) 311,500 21,826,805
Kimberly-Clark Corp. 309,100 20,174,957
 
    42,001,762
Personal Products - 0.85%    
Avon Products, Inc. 639,400 17,289,376
 
    139,878,496
Energy - 13.80%    
Energy Equipment & Services - 1.76%    
Baker Hughes, Inc. 126,800 9,310,924
Schlumberger, Ltd. 285,200 26,597,752
 
    35,908,676
Oil, Gas & Consumable Fuels - 12.04%    
Anadarko Petroleum Corp. 294,900 24,158,208
BP PLC, SADR 325,875 14,384,123
Chevron Corp. 543,800 58,420,434
ConocoPhillips 177,500 14,175,150
Exxon Mobil Corp. 567,900 47,777,427
Murphy Oil Corp. 385,800 28,325,436
Royal Dutch Shell PLC, ADR (L) 539,500 39,307,970
Spectra Energy Corp. 339,950 9,239,841
Sunoco, Inc. 226,800 10,339,812
 
    246,128,401
 
    282,037,077
Financials - 19.36%    
Capital Markets - 2.05%    
Legg Mason, Inc. 534,902 19,304,613
Morgan Stanley 235,300 6,428,396
The Bank of New York Mellon Corp. 542,400 16,201,488
 
    41,934,497

 

152

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Equity-Income Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks - 5.20%    
KeyCorp 922,600 $ 8,192,688
PNC Financial Services Group, Inc. 185,000 11,653,150
Regions Financial Corp. 975,700 7,083,582
SunTrust Banks, Inc. 525,800 15,164,072
U.S. Bancorp 1,081,000 28,570,830
Wells Fargo & Company 1,123,500 35,614,950
 
    106,279,272
Consumer Finance - 3.21%    
American Express Company 842,500 38,081,000
Capital One Financial Corp. 262,175 13,622,613
SLM Corp. (I) 901,000 13,785,300
 
    65,488,913
Diversified Financial Services - 4.90%    
Bank of America Corp. 2,289,893 30,524,274
JPMorgan Chase & Company 1,258,975 58,038,748
NYSE Euronext 327,600 11,521,692
 
    100,084,714
Insurance - 3.59%    
Chubb Corp. (L) 141,700 8,687,627
Lincoln National Corp. 462,100 13,881,484
Marsh & McLennan Companies, Inc. 713,900 21,281,359
Sun Life Financial, Inc. 380,900 11,971,687
The Allstate Corp. 551,400 17,523,492
 
    73,345,649
Real Estate Investment Trusts - 0.41%    
Weyerhaeuser Company 344,200 8,467,320
 
    395,600,365
Health Care - 4.99%    
Biotechnology - 0.52%    
Amgen, Inc. (I) 197,100 10,534,995
Pharmaceuticals - 4.47%    
Bristol-Myers Squibb Company 543,725 14,370,652
Eli Lilly & Company 265,400 9,334,118
Johnson & Johnson 427,100 25,305,675
Merck & Company, Inc. 595,150 19,645,902
Pfizer, Inc. 1,117,935 22,705,260
 
    91,361,607
 
    101,896,602
Industrials - 12.31%    
Aerospace & Defense - 3.37%    
Honeywell International, Inc. 413,600 24,696,056
ITT Corp. 242,700 14,574,135
Lockheed Martin Corp. (L) 139,800 11,239,920
The Boeing Company 248,200 18,349,426
 
    68,859,537
Air Freight & Logistics - 1.03%    
United Parcel Service, Inc., Class B 284,000 21,106,880
Building Products - 0.77%    
Masco Corp. (L) 784,900 10,925,808
USG Corp. (I)(L) 283,400 4,721,444
 
    15,647,252
Commercial Services & Supplies - 0.61%    
Avery Dennison Corp. 295,600 12,403,376
Electrical Equipment - 1.17%    
Cooper Industries PLC 238,200 15,459,180
Emerson Electric Company 146,300 8,548,309
 
    24,007,489

 

Equity-Income Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Industrial Conglomerates - 4.14%    
3M Company 339,900 $ 31,780,650
General Electric Company 2,631,500 52,761,575
 
    84,542,225
Machinery - 1.22%    
Illinois Tool Works, Inc. 462,400 24,840,128
 
    251,406,887
Information Technology - 6.66%    
Communications Equipment - 1.38%    
Cisco Systems, Inc. 548,800 9,411,920
Harris Corp. 379,900 18,843,040
 
    28,254,960
Computers & Peripherals - 1.22%    
Dell, Inc. (I) 635,225 9,217,115
Hewlett-Packard Company 382,200 15,658,734
 
    24,875,849
IT Services - 0.96%    
Computer Sciences Corp. 400,824 19,532,154
Semiconductors & Semiconductor Equipment - 1.74%  
Analog Devices, Inc. 390,200 15,366,076
Applied Materials, Inc. 1,026,800 16,038,616
Texas Instruments, Inc. 119,100 4,116,096
 
    35,520,788
Software - 1.36%    
Electronic Arts, Inc. (I) 370,200 7,230,006
Microsoft Corp. 813,925 20,641,138
 
    27,871,144
 
    136,054,895
Materials - 5.99%    
Chemicals - 2.43%    
E.I. du Pont de Nemours & Company 229,300 12,604,621
International Flavors & Fragrances, Inc. 234,300 14,596,890
Monsanto Company 309,700 22,378,922
 
    49,580,433
Construction Materials - 0.78%    
Vulcan Materials Company (L) 349,200 15,923,520
Metals & Mining - 1.03%    
Nucor Corp. (L) 459,900 21,164,598
Paper & Forest Products - 1.75%    
International Paper Company 813,800 24,560,484
MeadWestvaco Corp. 368,900 11,188,737
 
    35,749,221
 
    122,417,772
Telecommunication Services - 3.82%    
Diversified Telecommunication Services - 3.40%    
AT&T, Inc. 1,211,349 37,067,279
Qwest Communications International, Inc. 2,102,800 14,362,124
Verizon Communications, Inc. 468,900 18,071,406
 
    69,500,809
Wireless Telecommunication Services - 0.42%    
Vodafone Group PLC 3,007,117 8,514,386
 
    78,015,195
Utilities - 7.54%    
Electric Utilities - 4.63%    
Duke Energy Corp. 612,300 11,113,245
Entergy Corp. 306,400 20,593,144

 

153

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Equity-Income Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Electric Utilities (continued)      
Exelon Corp.   530,900 $ 21,894,316
FirstEnergy Corp.   217,200 8,055,948
Pinnacle West Capital Corp.   238,300 10,196,857
PPL Corp.   357,100 9,034,630
Progress Energy, Inc.   297,600 13,731,264
 
      94,619,404
Independent Power Producers & Energy Traders - 0.89%  
Constellation Energy Group, Inc.   478,400 14,892,592
NRG Energy, Inc. (I)   147,200 3,170,688
 
      18,063,280
Multi-Utilities - 2.02%      
CenterPoint Energy, Inc.   315,200 5,534,912
NiSource, Inc. (L)   956,400 18,343,752
TECO Energy, Inc.   228,000 4,277,280
Xcel Energy, Inc.   549,300 13,122,775
 
      41,278,719
 
      153,961,403
TOTAL COMMON STOCKS (Cost $1,558,069,754)   $ 1,948,779,499
PREFERRED SECURITIES - 0.62%      
Consumer Discretionary - 0.62%      
General Motors Company, Series B, 4.750% 261,450 12,601,890
TOTAL PREFERRED SECURITIES (Cost $13,159,850) $ 12,601,890
SECURITIES LENDING COLLATERAL - 5.77%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   11,789,318 117,974,523
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $117,979,194)     $ 117,974,523
SHORT-TERM INVESTMENTS - 3.91%    
Money Market Funds* - 3.91%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0248% $ 1,721,934 $ 1,721,934
T. Rowe Price Prime Reserve Fund, 0.1942% 78,117,627 78,117,627
 
      79,839,561
TOTAL SHORT-TERM INVESTMENTS (Cost $79,839,561) $ 79,839,561
Total Investments (Equity-Income Trust)      
(Cost $1,769,048,359) - 105.69%     $ 2,159,195,473
Other assets and liabilities, net - (5.69%)     (116,254,231)
 
TOTAL NET ASSETS - 100.00%     $ 2,042,941,242
 
 
 
Financial Services Trust      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 98.93%      
Consumer Discretionary - 1.03%      
Specialty Retail - 1.03%      
Bed Bath & Beyond, Inc. (I)   38,500 $ 1,858,395
Energy - 6.47%      
Oil, Gas & Consumable Fuels - 6.47%      
Canadian Natural Resources, Ltd.   236,290 11,679,815

 

Financial Services Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Financials - 84.24%    
Capital Markets - 17.21%    
Ameriprise Financial, Inc. 42,586 $ 2,601,153
GAM Holding, Ltd. (I) 140,332 2,666,412
Julius Baer Group, Ltd. (I) 206,432 8,960,754
T. Rowe Price Group, Inc. 12,970 861,467
The Bank of New York Mellon Corp. 286,426 8,555,545
The Charles Schwab Corp. 38,902 701,403
The Goldman Sachs Group, Inc. 42,578 6,747,336
 
    31,094,070
Commercial Banks - 14.58%    
Banco Santander Brasil SA, ADR 43,400 532,084
ICICI Bank, Ltd., SADR 41,203 2,053,145
SKBHC Holdings LLC (I)(R) 269 1,345,789
State Bank of India, GDR 99,569 12,852,210
U.S. Bancorp 30,829 814,810
Wells Fargo & Company 275,881 8,745,428
 
    26,343,466
Consumer Finance - 8.55%    
American Express Company 321,928 14,551,146
The First Marblehead Corp. (I)(L) 410,168 902,370
 
    15,453,516
Diversified Financial Services - 7.73%    
Bank of America Corp. 36,055 480,613
Oaktree Capital Group LLC, Class A (I)(S) 294,700 12,377,400
RHJ International (I) 136,461 1,101,564
 
    13,959,577
Insurance - 32.36%    
ACE, Ltd. 34,004 2,200,059
China Life Insurance    
Company, Ltd., SADR (L) 81,470 4,566,394
Everest Re Group, Ltd. 61,428 5,416,721
Loews Corp. 370,585 15,968,508
Markel Corp. (I) 20,634 8,551,761
The Progressive Corp. 332,735 7,030,691
Transatlantic Holdings, Inc. 302,809 14,737,714
 
    58,471,848
Real Estate Management & Development - 3.81%    
Brookfield Asset Management, Inc., Class A 212,010 6,881,845
 
    152,204,322
Industrials - 4.47%    
Commercial Services & Supplies - 3.69%    
Iron Mountain, Inc. 213,500 6,667,605
Professional Services - 0.78%    
Dun & Bradstreet Corp. 17,548 1,408,052
 
    8,075,657
Information Technology - 2.72%    
IT Services - 2.72%    
Cielo SA 148,100 1,255,446
Visa, Inc., Class A (L) 49,763 3,663,553
 
    4,918,999
 
    4,918,999
TOTAL COMMON STOCKS (Cost $159,485,845) $ 178,737,188

 

154

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Financial Services Trust (continued)    
    Shares or    
    Principal    
    Amount   Value
 
SECURITIES LENDING COLLATERAL - 3.96%    
John Hancock Collateral        
Investment Trust, 0.2867% (W)(Y)   715,596 $ 7,160,896
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $7,161,027)     $ 7,160,896
SHORT-TERM INVESTMENTS - 1.20%      
Commercial Paper* - 1.20%        
Intesa Funding LLC, 0.190%, 04/01/2011 $ 2,168,000  $ 2,167,998
TOTAL SHORT-TERM INVESTMENTS (Cost $2,168,000) $ 2,167,998
Total Investments (Financial Services Trust)      
(Cost $168,814,872) - 104.09%     $ 188,066,082
Other assets and liabilities, net - (4.09%)       (7,384,484)
TOTAL NET ASSETS - 100.00%     $ 180,681,598
 
 
 
Franklin Templeton Founding Allocation Trust
    Shares or    
    Principal    
    Amount   Value
 
INVESTMENT COMPANIES - 100.00%        
Affiliated Investment Companies - 100.00%      
Equity - 66.71%        
John Hancock Trust (G) - 66.71%        
Global, Series NAV (Franklin)   30,715,793 $ 473,023,220
Mutual Shares, Series NAV (Franklin)   45,791,212   473,023,220
Fixed Income - 33.29%        
John Hancock Trust (G) - 33.29%        
Income, Series NAV (Franklin)   42,456,865   472,120,334
 
        1,418,166,774
TOTAL INVESTMENT COMPANIES (Cost $1,459,012,149) $ 1,418,166,774
Total Investments (Franklin Templeton Founding Allocation  
Trust) (Cost $1,459,012,149) - 100.00%     $ 1,418,166,774
Other assets and liabilities, net - 0.00%       (69,993)
TOTAL NET ASSETS - 100.00%     $ 1,418,096,781
 
 
 
Fundamental Value Trust        
    Shares or    
    Principal    
    Amount   Value
 
COMMON STOCKS - 96.46%        
Consumer Discretionary - 5.24%        
Automobiles - 1.59%        
Harley-Davidson, Inc. (L)   669,958 $ 28,466,515
Household Durables - 0.19%        
Hunter Douglas NV (L)   68,688   3,504,485
Internet & Catalog Retail - 0.68%        
Expedia, Inc. (L)   247,730   5,613,562
Liberty Media Corp. - Interactive, Series A (I) 407,845   6,541,834
 
        12,155,396
Media - 0.55%        
Grupo Televisa SA, SADR (I)(L)   174,311   4,275,849
Liberty Media Corp. - Starz, Series A (I)   32,226   2,500,738
The Walt Disney Company   71,020   3,060,252
 
        9,836,839

 

Fundamental Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail - 2.23%    
Bed Bath & Beyond, Inc. (I) 620,520 $ 29,952,500
CarMax, Inc. (I)(L) 308,868 9,914,663
 
    39,867,163
 
    93,830,398
Consumer Staples - 15.33%    
Beverages - 3.91%    
Diageo PLC, SADR (L) 298,402 22,744,200
Heineken Holding NV 511,555 24,615,586
The Coca-Cola Company 341,280 22,643,928
 
    70,003,714
Food & Staples Retailing - 8.34%    
Costco Wholesale Corp. 1,166,078 85,496,839
CVS Caremark Corp. 1,853,616 63,616,101
 
    149,112,940
Food Products - 1.19%    
Kraft Foods, Inc., Class A 402,400 12,619,264
Nestle SA 33,870 1,943,451
Unilever NV - NY Shares (L) 216,400 6,786,304
 
    21,349,019
Household Products - 0.53%    
The Procter & Gamble Company 154,730 9,531,368
Personal Products - 0.18%    
Natura Cosmeticos SA 110,700 3,118,978
Tobacco - 1.18%    
Philip Morris International, Inc. 322,237 21,148,414
 
    274,264,433
Energy - 16.71%    
Energy Equipment & Services - 1.08%    
Schlumberger, Ltd. 43,500 4,056,810
Transocean, Ltd. (I)(L) 195,672 15,252,632
 
    19,309,442
Oil, Gas & Consumable Fuels - 15.63%    
Canadian Natural Resources, Ltd. 1,126,710 55,693,275
China Coal Energy Company, Series H 8,825,500 12,004,584
Devon Energy Corp. 658,461 60,426,966
EOG Resources, Inc. 652,533 77,331,686
Occidental Petroleum Corp. 591,638 61,820,255
OGX Petroleo e Gas Participacoes SA (I) 1,030,000 12,396,717
 
    279,673,483
 
    298,982,925
Financials - 27.69%    
Capital Markets - 7.10%    
Ameriprise Financial, Inc. 306,437 18,717,172
GAM Holding, Ltd. (I) 392,200 7,452,091
Julius Baer Group, Ltd. 851,600 36,966,064
The Bank of New York Mellon Corp. 1,778,302 53,117,881
The Charles Schwab Corp. 55,800 1,006,074
The Goldman Sachs Group, Inc. 61,700 9,777,599
 
    127,036,881
Commercial Banks - 4.74%    
Wells Fargo & Company 2,676,126 84,833,194
Consumer Finance - 4.41%    
American Express Company 1,744,455 78,849,366
Diversified Financial Services - 0.11%    
JPMorgan Chase & Company 42,208 1,945,789

 

155

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Fundamental Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance - 9.80%    
ACE, Ltd. 138,030 $ 8,930,541
AON Corp. 40,780 2,159,709
Berkshire Hathaway, Inc. Class A (I) 200 25,060,000
Everest Re Group, Ltd. 24,330 2,145,419
Fairfax Financial Holdings, Ltd. 18,200 6,876,142
Fairfax Financial Holdings, Ltd.    
(Toronto Exchange) 8,800 3,326,663
Loews Corp. 1,417,727 61,089,856
Markel Corp. (I)(L) 5,123 2,123,227
The Progressive Corp. 2,172,084 45,896,135
Transatlantic Holdings, Inc. 364,629 17,746,493
 
    175,354,185
Real Estate Management & Development - 1.53%    
Brookfield Asset Management, Inc., Class A 416,380 13,515,695
Hang Lung Group, Ltd. 2,205,100 13,777,400
 
    27,293,095
 
    495,312,510
Health Care - 12.21%    
Health Care Equipment & Supplies - 1.65%    
Baxter International, Inc. 215,100 11,565,927
Becton, Dickinson & Company 226,700 18,049,854
 
    29,615,781
Health Care Providers & Services - 1.82%    
Express Scripts, Inc. (I) 585,788 32,575,671
Life Sciences Tools & Services - 0.96%    
Agilent Technologies, Inc. (I) 382,780 17,140,888
Pharmaceuticals - 7.78%    
Johnson & Johnson 732,420 43,395,885
Merck & Company, Inc. 1,522,239 50,249,109
Pfizer, Inc. 1,512,560 30,720,094
Roche Holdings AG 103,400 14,769,806
 
    139,134,894
 
    218,467,234
Industrials - 5.88%    
Aerospace & Defense - 0.72%    
Lockheed Martin Corp. (L) 160,400 12,896,160
Commercial Services & Supplies - 2.07%    
Iron Mountain, Inc. 1,183,791 36,969,793
Industrial Conglomerates - 0.24%    
Tyco International, Ltd. 94,394 4,226,019
Marine - 1.17%    
China Shipping Development Company, Ltd. 3,821,300 4,325,030
Kuehne & Nagel International AG 118,956 16,642,084
 
    20,967,114
Professional Services - 0.37%    
Dun & Bradstreet Corp. 82,305 6,604,153
Transportation Infrastructure - 1.31%    
China Merchants Holdings    
International Company, Ltd. 5,278,056 22,266,275
LLX Logistica SA (I) 227,700 701,517
PortX Operacoes Portuarias SA (I) 227,700 538,341
 
    23,506,133
 
    105,169,372
Information Technology - 4.99%    
Computers & Peripherals - 0.73%    
Hewlett-Packard Company 318,346 13,042,636

 

Fundamental Value Trust (continued)  
    Shares or  
    Principal  
    Amount Value
COMMON STOCKS (continued)      
Internet Software & Services - 1.05%      
Google, Inc., Class A (I)   32,120 $ 18,829,065
IT Services - 0.27%      
Visa, Inc., Class A   66,330 4,883,215
Semiconductors & Semiconductor Equipment - 1.69%  
Texas Instruments, Inc.   873,110 30,174,682
Software - 1.25%      
Activision Blizzard, Inc. (L)   827,500 9,077,675
Microsoft Corp.   521,354 13,221,537
 
      22,299,212
 
      89,228,810
Materials - 8.06%      
Chemicals - 2.09%      
Air Products & Chemicals, Inc.   93,400 8,422,812
Monsanto Company   263,060 19,008,716
Potash Corp. of Saskatchewan, Inc.   103,758 6,114,459
Praxair, Inc.   38,113 3,872,281
 
      37,418,268
Construction Materials - 0.79%      
Martin Marietta Materials, Inc. (L)   103,421 9,273,761
Vulcan Materials Company (L)   105,110 4,793,016
 
      14,066,777
Containers & Packaging - 2.33%      
Sealed Air Corp.   1,564,275 41,703,572
Metals & Mining - 1.38%      
BHP Billiton PLC   317,520 12,586,510
Rio Tinto PLC (I)   172,534 12,173,658
 
      24,760,168
Paper & Forest Products - 1.47%      
Sino-Forest Corp. (I)(L)   976,820 25,491,022
Sino-Forest Corp. (I)(S)   31,600 824,631
 
      26,315,653
 
      144,264,438
Telecommunication Services - 0.35%      
Wireless Telecommunication Services - 0.35%    
America Movil SAB de CV,      
Series L, ADR (L)   107,060 6,220,186
TOTAL COMMON STOCKS (Cost $1,397,227,293) $ 1,725,740,306
CONVERTIBLE BONDS - 0.37%      
Materials - 0.25%      
Paper & Forest Products - 0.25%      
Sino-Forest Corp.      
5.000%, 08/01/2013 (S) $ 3,244,100 $ 4,562,016
Telecommunication Services - 0.12%      
Diversified Telecommunication Services - 0.12%    
Level 3 Communications, Inc.      
15.000%, 01/15/2013   1,600,000 2,094,000
TOTAL CONVERTIBLE BONDS (Cost $4,844,100) $ 6,656,016
SECURITIES LENDING COLLATERAL - 4.88%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   8,718,910 87,249,263
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $87,247,074)   $ 87,249,263

 

156

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Fundamental Value Trust (continued)  
    Shares or    
    Principal    
    Amount   Value
 
 
SHORT-TERM INVESTMENTS - 3.26%      
Commercial Paper* - 3.26%        
BNP Paribas Finance, Inc.,        
0.110%, 04/07/2011 $ 13,605,000 $ 13,604,751
Intesa Funding LLC, 0.190%, 04/01/2011   44,710,000   44,710,000
 
        58,314,751
TOTAL SHORT-TERM INVESTMENTS (Cost $58,314,751) $ 58,314,751
Total Investments (Fundamental Value Trust)      
(Cost $1,547,633,218) - 104.97%     $ 1,877,960,336
Other assets and liabilities, net - (4.97%)       (88,848,974)
TOTAL NET ASSETS - 100.00%     $ 1,789,111,362
 
 
Global Trust        
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS - 98.42%        
Austria - 0.61%        
Telekom Austria AG   292,670 $ 4,284,691
Bermuda - 0.59%        
RenaissanceRe Holdings, Ltd. (L)   60,280   4,158,717
Brazil - 0.94%        
Petroleo Brasileiro SA, SADR   63,250   2,247,905
Vale SA   146,440   4,322,909
 
        6,570,814
Cayman Islands - 0.48%        
Seagate Technology PLC (I)   231,510   3,333,744
China - 0.46%        
China Telecom Corp., Ltd., ADR (L)   53,040   3,235,440
France - 7.13%        
AXA SA   209,790   4,386,213
Compagnie Generale des Etablissements        
Michelin, Class B   63,044   5,327,461
France Telecom SA   338,330   7,589,419
Sanofi-Aventis SA   198,940   13,971,909
Total SA   190,620   11,604,296
Vivendi SA   249,770   7,128,929
 
        50,008,227
Germany - 5.40%        
Bayerische Motoren Werke (BMW) AG   46,140   3,851,910
Deutsche Lufthansa AG (I)   83,710   1,774,713
Deutsche Post AG   185,900   3,355,199
Merck KGAA (L)   42,920   3,872,785
Muenchener Rueckversicherungs - Gesellschaft      
AG (MunichRe)   31,510   4,955,007
SAP AG   117,890   7,232,825
Siemens AG   93,580   12,818,888
 
        37,861,327
Hong Kong - 1.70%        
AIA Group, Ltd. (I)   754,600   2,326,542
Cheung Kong Holdings, Ltd.   296,000   4,821,121
Swire Pacific, Ltd.   325,300   4,777,856
 
        11,925,519
India - 0.59%        
ICICI Bank, Ltd., SADR   83,180   4,144,859
Ireland - 4.21%        
Accenture PLC, Class A   246,990   13,577,040

 

Global Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Ireland (continued)    
Covidien PLC 182,340 $ 9,470,740
CRH PLC 185,321 4,263,975
CRH PLC (London Exchange) 95,570 2,193,340
 
    29,505,095
Italy - 2.27%    
Eni SpA 299,420 7,350,002
Intesa Sanpaolo SpA 1,273,940 3,772,034
UniCredit Italiano SpA 1,931,787 4,777,594
 
    15,899,630
Japan - 3.41%    
East Japan Railway Company 33,000 1,813,371
FUJIFILM Holdings Corp. 83,270 2,578,787
Itochu Corp. 179,700 1,881,687
Konica Minolta Holdings, Inc. 319,010 2,673,118
Nintendo Company, Ltd. 15,850 4,281,672
Nissan Motor Company, Ltd. 20,600 182,770
Nomura Holdings, Inc. 354,300 1,852,855
Toyota Motor Corp. 155,450 6,217,987
USS Company, Ltd. 30,920 2,405,054
 
    23,887,301
Netherlands - 4.96%    
ING Groep NV (I) 919,950 11,676,218
Koninklijke Philips Electronics NV (L) 199,820 6,382,340
Randstad Holdings NV (L) 98,390 5,475,643
Reed Elsevier NV 259,305 3,340,555
Royal Dutch Shell PLC (L) 96,190 3,495,937
SBM Offshore NV 150,549 4,380,071
 
    34,750,764
Norway - 0.69%    
Statoil ASA 174,480 4,842,334
Russia - 0.74%    
Gazprom OAO, SADR (L) 88,700 2,868,558
Gazprom OAO, SADR (London Exchange) 72,110 2,337,025
 
    5,205,583
Singapore - 2.78%    
DBS Group Holdings, Ltd. 419,510 4,877,791
Flextronics International, Ltd. (I) 622,360 4,649,029
Singapore Telecommunications, Ltd. 4,169,000 9,993,525
 
    19,520,345
South Korea - 3.74%    
Hyundai Motor Company, Ltd. 36,573 6,788,350
KB Financial Group, Inc., ADR (L) 140,908 7,351,170
Samsung Electronics Company, Ltd. 14,230 12,072,441
 
    26,211,961
Spain - 1.28%    
Inditex SA 44,680 3,586,775
Telefonica SA 215,740 5,401,424
 
    8,988,199
Sweden - 1.22%    
Svenska Cellulosa AB (L) 189,660 3,051,381
Telefonaktiebolaget LM Ericsson, B Shares 427,054 5,491,803
 
    8,543,184
Switzerland - 6.66%    
Adecco SA 32,410 2,134,538
Lonza Group AG 44,630 3,739,007
Nestle SA 93,010 5,336,889
Novartis AG 160,630 8,708,905
Roche Holdings AG 57,200 8,170,531

 

157

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Global Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Switzerland (continued)    
Swiss Reinsurance Company, Ltd. 73,670 $ 4,216,653
TE Connectivity, Ltd. 135,420 4,715,324
Tyco International, Ltd. 157,457 7,049,350
UBS AG (Swiss Exchange) (I) 145,120 2,604,874
 
    46,676,071
Taiwan - 1.12%    
Taiwan Semiconductor    
Manufacturing Company, Ltd. 3,279,363 7,862,784
Turkey - 0.43%    
Turkcell Iletisim Hizmetleri AS, ADR (L) 200,530 3,013,966
United Kingdom - 12.69%    
Aviva PLC 1,242,570 8,629,641
BAE Systems PLC (I) 592,240 3,090,360
BP PLC 1,137,675 8,285,760
Compass Group PLC 614,670 5,532,349
GlaxoSmithKline PLC 540,100 10,306,161
HSBC Holdings PLC 603,600 6,334,124
International Consolidated Airlines    
Group SA - DI (I) 464,720 1,691,802
Kingfisher PLC 1,640,530 6,467,504
Pearson PLC (I) 251,410 4,454,072
Rentokil Initial PLC (I) 555,230 801,576
Royal Dutch Shell PLC, B Shares 199,440 7,237,706
Tesco PLC (I) 890,920 5,442,851
Vodafone Group PLC 5,662,220 16,032,075
Wolseley PLC 137,426 4,633,651
 
    88,939,632
United States - 34.32%    
Abbott Laboratories 56,860 2,788,983
ACE, Ltd. 80,545 5,211,262
Alcoa, Inc. 176,370 3,112,931
American Express Company 129,990 5,875,548
Amgen, Inc. (I) 272,420 14,560,849
Baker Hughes, Inc. 97,160 7,134,459
Bank of America Corp. 238,190 3,175,073
Biogen Idec, Inc. (I) 60,540 4,443,031
Brocade Communications Systems, Inc. (I) 584,460 3,594,429
Chevron Corp. 64,000 6,875,520
Cisco Systems, Inc. 379,490 6,508,254
Comcast Corp., Special Class A 558,000 12,956,760
CVS Caremark Corp. 203,110 6,970,735
Dell, Inc. (I) 171,320 2,485,853
Expedia, Inc. (L) 37,000 838,420
FedEx Corp. 46,300 4,331,365
General Electric Company 407,240 8,165,162
Halliburton Company 117,860 5,874,142
Home Depot, Inc. 75,340 2,792,100
JPMorgan Chase & Company 82,200 3,789,420
Medtronic, Inc. 164,650 6,478,978
Merck & Company, Inc. 217,350 7,174,724
Microsoft Corp. 590,310 14,970,262
News Corp., Class A 741,490 13,020,564
Noble Corp. (L) 107,370 4,898,219
Oracle Corp. 430,660 14,371,124
Pfizer, Inc. 651,450 13,230,950
Quest Diagnostics, Inc. 131,810 7,608,073
Sprint Nextel Corp. (I)(L) 1,123,890 5,214,850
Target Corp. 67,980 3,399,680
The Progressive Corp. 244,260 5,161,214
The Walt Disney Company 115,640 4,982,928
Time Warner Cable, Inc. 76,882 5,484,762
Time Warner, Inc. 145,233 5,184,818
United Parcel Service, Inc., Class B 113,280 8,418,970

 

Global Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
United States (continued)      
Viacom, Inc., Class B   203,410 $ 9,462,630
 
      240,547,042
TOTAL COMMON STOCKS (Cost $687,783,851)   $ 689,917,229
 
SECURITIES LENDING COLLATERAL - 4.51%  
John Hancock Collateral      
Investment Trust, 0.28867% (W)(Y)   3,156,490 31,586,678
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $31,587,473)     $ 31,586,678
 
SHORT-TERM INVESTMENTS - 0.60%    
Time Deposits* - 0.60%      
Bank of Montreal, 0.050% due 04/01/2011 $ 4,200,000 $ 4,200,000
TOTAL SHORT-TERM INVESTMENTS (Cost $4,200,000) $ 4,200,000
Total Investments (Global Trust)      
(Cost $723,571,324) - 103.53%     $ 725,703,907
Other assets and liabilities, net - (3.53%)     (24,749,488)
 
TOTAL NET ASSETS - 100.00%     $ 700,954,419
 
 
 
 
Global Bond Trust      
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 11.53%      
U.S. Government Agency - 11.53%      
Federal Home Loan Mortgage Corp.      
5.193%, 03/01/2035 (P) $ 597,263 $ 634,863
Federal National Mortgage Association      
2.142%, 12/01/2034 (P)   322,604 333,923
2.686%, 11/01/2034 (P)   1,825,401 1,925,039
4.000%, TBA   89,000,000 87,387,872
4.000%, 08/01/2040 to 04/01/2041   25,748,961 25,318,371
5.003%, 05/01/2035 (P)   341,509 364,036
Government National      
Mortgage Association      
2.125%, 11/20/2023 to 10/20/2026 (P)   81,258 83,524
3.250%, 01/20/2030 (P)   23,453 24,164
3.375%, 02/20/2024 to 06/20/2030 (P)   88,951 91,933
 
      116,163,725
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $115,753,744)     $ 116,163,725
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 18.62%      
Canada - 2.45%      
Government of Canada      
1.750%, 03/01/2013 CAD 24,000,000 24,734,423
 
      24,734,423
France - 1.17%      
Societe Financement de      
l’Economie Francaise      
2.125%, 05/20/2012 EUR 2,000,000 2,849,821
2.250%, 06/11/2012 (S) $ 8,800,000 8,960,213
 
      11,810,034

 

158

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Germany - 1.00%      
Federal Republic of Germany      
3.250%, 01/04/2020 EUR 1,100,000 $ 1,555,646
FMS Wertmanagement      
0.998%, 01/20/2014 (P)   6,000,000 8,493,749
 
      10,049,395
Italy - 3.14%      
Government of Italy      
4.750%, 02/01/2013   21,500,000 31,588,029
 
      31,588,029
Japan - 8.40%      
Government of Japan      
zero coupon 04/11/2011 to 06/27/2011 JPY 5,410,000,000 65,029,875
0.200%, 02/15/2012   1,630,000,000 19,602,308
 
      84,632,183
New Zealand - 0.91%      
Dominion of New Zealand      
5.000%, 03/15/2019 NZD 4,500,000 3,327,164
6.000%, 05/15/2021   7,500,000 5,861,614
 
      9,188,778
Spain - 1.55%      
Kingdom of Spain      
2.941%, 03/25/2014 (P) (S) EUR 11,000,000 15,584,673
 
      15,584,673
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $184,769,609)   $ 187,587,515
 
CORPORATE BONDS - 50.16%      
Australia - 5.15%      
Commonwealth Bank of Australia      
0.723%, 07/12/2013 (P) (S) $ 8,000,000 8,012,920
0.808%, 06/25/2014 (P) (S)   14,800,000 14,912,643
2.500%, 12/10/2012 (S)   5,500,000 5,639,651
ING Bank Australia, Ltd.      
5.523%, 06/24/2014 (P) AUD 10,000,000 10,413,626
Macquarie Bank, Ltd.      
3.300%, 07/17/2014 (S) $ 500,000 520,822
Members Equity Bank Pty, Ltd.      
5.750%, 08/20/2012 AUD 2,400,000 2,495,038
National Australia Bank, Ltd.      
0.803%, 07/08/2014 (P) (S) $ 5,000,000 5,050,060
5.750%, 12/19/2013 AUD 40,000 41,677
Westpac Banking Corp.      
2.900%, 09/10/2014 (S) $ 4,700,000 4,853,286
 
      51,939,723
Bermuda - 0.03%      
Qtel International Finance, Ltd.      
5.000%, 10/19/2025   300,000 264,750
 
      264,750
Canada - 1.04%      
Honda Canada Finance, Inc., Series E      
1.476%, 03/26/2012 (P) CAD 10,200,000 10,493,480
 
      10,493,480
Cayman Islands - 0.76%      
IPIC, Ltd.      
5.000%, 11/15/2020 (S) $ 2,000,000 1,940,000
Odebrecht Drilling Norbe VIII/IX, Ltd.      
6.350%, 06/30/2021 (S)   700,000 737,625

 

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Cayman Islands (continued)      
Petrobras International Finance Company      
3.875%, 01/27/2016 $ 3,400,000 $ 3,418,408
5.375%, 01/27/2021   1,600,000 1,602,890
 
      7,698,923
Denmark - 0.03%      
Nykredit      
6.000%, 10/01/2029 DKK 156,417 32,079
Realkredit Danmark A/S, Series 73D      
2.498%, 01/01/2038 (P)   1,302,689 233,933
 
      266,012
France - 6.56%      
BNP Paribas      
5.000%, 01/15/2021 $ 5,150,000 5,190,165
BNP Paribas Home Loan      
Covered Bonds SA      
3.000%, 07/23/2013 EUR 700,000 997,809
4.750%, 05/28/2013   2,700,000 3,989,372
Cie de Financement Foncier      
1.625%, 07/23/2012 (S) $ 7,200,000 7,212,233
2.000%, 02/17/2012 EUR 6,800,000 9,641,640
2.125%, 04/22/2013 (S) $ 4,900,000 4,937,563
2.250%, 01/25/2013 EUR 600,000 845,700
2.500%, 09/16/2015 (S) $ 5,100,000 4,932,470
Dexia Credit Local      
0.553%, 01/12/2012 (P) (S)   8,000,000 7,961,944
2.750%, 01/10/2014 (S)   15,500,000 15,450,943
Dexia Municipal Agency      
4.750%, 06/06/2011 EUR 700,000 997,185
Vivendi SA      
5.750%, 04/04/2013 (S) $ 3,700,000 3,970,933
 
      66,127,957
Germany - 1.65%      
Kreditanstalt Fuer Wiederaufbau      
1.250%, 06/17/2013 EUR 7,800,000 10,846,437
5.000%, 07/04/2011   250,000 357,589
5.500%, 06/05/2014 AUD 5,200,000 5,372,993
 
      16,577,019
India - 0.13%      
ICICI Bank, Ltd.      
2.063%, 02/24/2014 (P) (S) $ 1,300,000 1,292,335
 
      1,292,335
Italy - 1.01%      
Intesa Sanpaolo SpA      
2.713%, 02/24/2014 (P) (S)   6,500,000 6,583,382
3.000%, 11/04/2015 EUR 1,800,000 2,419,605
6.500%, 02/24/2021 (S) $ 1,100,000 1,153,015
 
      10,156,002
Jersey, C.I. - 0.53%      
HBOS Capital Funding LP (9.540% to      
03/19/2018, then GBP      
LIBOR + 6.750%)      
03/19/2018 (Q) GBP 1,700,000 2,263,393
HBOS Euro Finance LP (7.627% to      
12/09/2011, then 3 month      
EURIBOR + 2.875%)      
12/09/2011 (Q) EUR 2,334,000 3,043,124
 
      5,306,517

 

159

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Luxembourg - 0.23%      
Sunrise Communications International SA      
7.000%, 12/31/2017 $ 1,600,000 $ 2,358,220
      2,358,220
Netherlands - 2.94%      
ABN Amro Bank NV      
3.250%, 01/18/2013   3,200,000 4,585,681
3.750%, 01/12/2012   400,000 575,521
Achmea Hypotheekbank NV      
3.200%, 11/03/2014 (S) $ 2,400,000 2,482,699
Fortis Bank Nederland Holding NV      
3.375%, 05/19/2014 EUR 5,900,000 8,532,393
Gazprom via White Nights Finance BV      
10.500%, 03/08/2014 $ 2,700,000 3,250,800
LeasePlan Corp. NV      
3.250%, 05/22/2014 EUR 1,800,000 2,587,481
NIBC Bank NV      
3.500%, 04/07/2014   1,700,000 2,460,949
Rabobank Nederland NV (11.000% to      
06/30/2019, then 3 month      
LIBOR + 10.868%)      
06/30/2019 (Q) (S) $ 2,900,000 3,777,250
Ziggo Finance Bv      
6.125%, 11/15/2017 EUR 1,000,000 1,417,199
 
      29,669,973
New Zealand - 0.45%      
Westpac Securities NZ, Ltd.      
3.450%, 07/28/2014 (S) $ 4,300,000 4,522,491
 
      4,522,491
Norway - 1.26%      
DnB NOR Boligkreditt      
2.375%, 07/20/2015 EUR 3,700,000 4,962,993
4.500%, 05/16/2011   1,700,000 2,418,329
Kommunalbanken AS      
2.000%, 01/14/2013 $ 5,200,000 5,291,608
 
      12,672,930
South Korea - 0.26%      
Export-Import Bank of Korea      
5.750%, 05/22/2013 EUR 1,800,000 2,664,247
 
      2,664,247
Sweden - 0.36%      
Stadshypotek AB      
3.750%, 12/12/2013   1,800,000 2,614,394
Swedbank Hypotek AB      
4.625%, 05/23/2011   700,000 996,185
 
      3,610,579
United Kingdom - 10.34%      
Abbey National Treasury Services PLC      
3.125%, 06/30/2014   4,300,000 5,956,795
Bank of Scotland PLC      
4.375%, 07/13/2016   900,000 1,277,464
4.500%, 10/23/2013   200,000 290,267
Barclays Bank PLC      
2.700%, 03/05/2012 (S) $ 100,000 102,011
10.179%, 06/12/2021 (S)   1,840,000 2,337,002
BP Capital Markets PLC      
0.450%, 04/11/2011 (P)   400,000 400,011
2.750%, 06/14/2011 CHF 100,000 109,358
3.125%, 10/01/2015 $ 3,000,000 3,011,757
British Sky Broadcasting Group PLC      
6.100%, 02/15/2018 (S)   4,200,000 4,665,881

 

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
United Kingdom (continued)      
HBOS PLC      
6.750%, 05/21/2018 (S) $ 3,100,000 $ 3,031,335
LBG Capital No.1 PLC      
7.375%, 03/12/2020 EUR 1,100,000 1,434,206
11.040%, 03/19/2020 GBP 2,800,000 4,896,016
LBG Capital No.2 PLC      
7.625%, 12/09/2019   3,138,000 4,631,259
Lloyds TSB Bank PLC      
1.303%, 04/02/2012 (P) (S) $ 3,300,000 3,329,380
2.653%, 01/24/2014 (P)   1,100,000 1,127,622
4.875%, 01/21/2016   5,000,000 5,149,260
National Grid PLC      
4.980%, 06/22/2011 CAD 2,000,000 2,074,884
Nationwide Building Society      
2.875%, 09/14/2015 EUR 4,700,000 6,393,145
4.625%, 09/13/2012   1,700,000 2,473,923
5.500%, 07/18/2012 (S) $ 4,100,000 4,300,375
5.500%, 07/18/2012   4,000,000 4,198,892
NGG Finance PLC      
6.125%, 08/23/2011 EUR 250,000 360,281
Pearson Dollar Finance Two PLC      
5.500%, 05/06/2013 (S) $ 3,000,000 3,210,756
Tate & Lyle International Finance PLC      
5.000%, 11/15/2014 (S)   400,000 416,134
The Royal Bank of Scotland PLC      
0.571%, 03/30/2012 (P) (S)   13,900,000 13,920,475
1.450%, 10/20/2011 (S)   10,800,000 10,866,344
2.625%, 05/11/2012 (S)   4,000,000 4,086,792
2.750%, 06/18/2013 EUR 1,800,000 2,536,013
3.750%, 11/14/2011   4,100,000 5,883,219
Virgin Media Secured Finance PLC      
7.000%, 01/15/2018 GBP 1,000,000 1,734,540
 
      104,205,397
United States - 17.43%      
Ally Financial, Inc.      
6.000%, 12/15/2011 $ 1,550,000 1,584,875
6.875%, 09/15/2011 to 08/28/2012   5,300,000 5,430,625
7.000%, 02/01/2012   2,100,000 2,165,625
Altria Group, Inc.      
9.250%, 08/06/2019   4,000,000 5,213,852
American International Group, Inc.      
(8.000% to 05/22/2018, then 3 month      
EURIBOR + 4.450%)      
05/22/2038 (S) EUR 5,600,000 7,936,317
American International Group, Inc.,      
Series A3 (4.875% to 03/15/2017, then      
3 month EURIBOR + 1.730%)      
03/15/2067   400,000 469,093
Autozone, Inc.      
5.875%, 10/15/2012 $ 800,000 853,382
BA Covered Bond Issuer      
4.125%, 04/05/2012 EUR 6,700,000 9,624,865
Bank of America Corp.      
4.000%, 03/28/2018 (P)   1,600,000 2,106,001
Bank of America Corp. (4.750% to      
05/23/2012, then 1 month      
EURIBOR + 0.770%)      
05/23/2017   4,600,000 6,169,751
Boston Scientific Corp.      
6.400%, 06/15/2016 $ 1,600,000 1,741,781
Citigroup, Inc.      
0.580%, 06/09/2016 (P)   700,000 658,862
0.857%, 01/16/2012 (P) GBP 2,655,000 4,212,447
4.750%, 05/31/2017 (P) EUR 2,000,000 2,699,810

 

160

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
United States (continued)      
Citigroup, Inc. (continued)      
5.500%, 04/11/2013 to 10/15/2014 $ 850,000 $ 915,494
6.000%, 08/15/2017   7,300,000 7,920,719
6.125%, 05/15/2018   5,800,000 6,315,585
CNA Financial Corp.      
5.850%, 12/15/2014   4,000,000 4,307,736
Computer Sciences Corp.      
6.500%, 03/15/2018   2,700,000 2,928,955
Ford Motor Credit Company LLC      
7.250%, 10/25/2011   5,100,000 5,248,308
GATX Financial Corp.      
5.500%, 02/15/2012   3,000,000 3,085,983
GMAC International Finance BV      
5.375%, 06/06/2011 EUR 1,600,000 2,274,322
HCA, Inc.      
7.875%, 02/15/2020 $ 200,000 217,500
9.125%, 11/15/2014   4,744,000 4,975,270
HCP, Inc.      
5.950%, 09/15/2011   200,000 204,408
International Lease Finance Corp.      
5.350%, 03/01/2012   1,100,000 1,117,875
5.875%, 05/01/2013   2,800,000 2,870,000
6.500%, 09/01/2014 (S)   2,800,000 2,989,000
6.625%, 11/15/2013   600,000 621,000
6.750%, 09/01/2016 (S)   2,300,000 2,461,000
JPMorgan & Company, Inc., Series A      
4.411%, 02/15/2012 (P)   360,000 367,812
JPMorgan Chase & Company      
3.450%, 03/01/2016   1,700,000 1,690,898
6.000%, 01/15/2018   800,000 875,814
6.300%, 04/23/2019   700,000 773,833
Lehman Brothers Holdings, Inc.      
5.625%, 01/24/2013 (H)   4,500,000 1,170,000
6.875%, 05/02/2018 (H)   2,100,000 551,250
11/16/2009 (H)   4,100,000 1,040,375
Loews Corp.      
5.250%, 03/15/2016   400,000 432,275
Marsh & McLennan Companies, Inc.      
5.750%, 09/15/2015   5,000,000 5,422,805
Masco Corp.      
5.875%, 07/15/2012   300,000 313,979
Merrill Lynch & Company, Inc.      
1.317%, 01/31/2014 (P) EUR 3,000,000 4,130,976
6.750%, 05/21/2013   500,000 753,195
6.875%, 04/25/2018 $ 6,500,000 7,207,558
Morgan Stanley      
1.041%, 04/13/2016 (P) EUR 300,000 395,612
1.422%, 03/01/2013 (P)   1,300,000 1,815,614
1.426%, 01/16/2017 (P)   2,300,000 3,001,659
1.903%, 01/24/2014 (P) $ 4,500,000 4,589,181
Reynolds American, Inc.      
1.010%, 06/15/2011 (P)   400,000 400,296
Sealed Air Corp.      
5.625%, 07/15/2013 (S)   4,200,000 4,399,475
Simon Property Group LP      
6.125%, 05/30/2018   3,000,000 3,356,562
Spectra Energy Capital LLC      
6.200%, 04/15/2018   5,000,000 5,554,190
Springleaf Finance Corp.      
6.900%, 12/15/2017   3,000,000 2,741,250
Sprint Capital Corp.      
8.750%, 03/15/2032   300,000 319,125
Starwood Hotels & Resorts      
Worldwide, Inc.      
6.750%, 05/15/2018   3,000,000 3,258,750

 

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
United States (continued)      
The Bear Stearns Companies LLC      
7.250%, 02/01/2018 $ 6,800,000 $ 7,910,562
The Cleveland Electric Illuminating      
Company      
5.700%, 04/01/2017   3,000,000 3,185,526
The Goldman Sachs Group, Inc.      
1.524%, 02/02/2015 (P) EUR 1,800,000 2,471,772
Wal-Mart Stores, Inc.      
5.000%, 10/25/2040 $ 1,200,000 1,116,118
6.200%, 04/15/2038   500,000 548,942
WM Covered Bond Program      
3.875%, 09/27/2011 EUR 3,700,000 5,279,027
4.000%, 09/27/2016   900,000 1,263,009
 
      175,657,881
TOTAL CORPORATE BONDS (Cost $487,243,067) $ 505,484,436
 
MUNICIPAL BONDS - 3.03%      
California - 1.52%      
Bay Area Toll Authority      
6.907%, 10/01/2050 $ 2,000,000 2,023,700
Golden State      
Tobacco Securitization Corp.      
5.125%, 06/01/2047   200,000 119,468
5.750%, 06/01/2047   6,505,000 4,324,914
Los Angeles Community College District      
6.750%, 08/01/2049   2,300,000 2,443,198
Metropolitan Water District Southern      
California      
5.000%, 10/01/2036   45,000 44,299
State of California      
5.700%, 11/01/2021   2,500,000 2,515,650
7.600%, 11/01/2040   2,600,000 2,849,158
7.700%, 11/01/2030   900,000 949,797
 
      15,270,184
Georgia - 0.07%      
Municipal Electric Authority of Georgia      
6.655%, 04/01/2057   700,000 658,791
 
      658,791
Illinois - 0.02%      
Chicago Illinois, Series A      
8.804%, 01/01/2014 (P)   230,000 157,964
 
      157,964
Iowa - 0.04%      
Tobacco Settlement Authority of Iowa,      
Series A      
6.500%, 06/01/2023   445,000 400,006
 
      400,006
New York - 0.33%      
City of New York      
4.937%, 12/01/2019   2,700,000 2,763,882
New York City Municipal Water Finance      
Authority, Series 1289      
8.850%, 12/15/2013 (P)   300,000 238,851
Triborough Bridge & Tunnel Authority      
5.550%, 11/15/2040   400,000 358,784
 
      3,361,517
Ohio - 0.81%      
American Municipal Power-Ohio, Inc.      
7.734%, 02/15/2033   1,600,000 1,730,320
8.084%, 02/15/2050   4,100,000 4,684,455

 

161

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
Ohio (continued)      
Buckeye Tobacco Settlement Financing      
Authority      
5.875%, 06/01/2047 $ 2,700,000 $ 1,792,935
      8,207,710
Puerto Rico - 0.00%      
Puerto Rico Sales Tax Financing Corp.      
Zero Coupon 08/01/2054   800,000 39,240
 
      39,240
Texas - 0.24%      
Northside Independent School District      
5.741%, 08/15/2035   900,000 846,189
5.891%, 08/15/2040   1,700,000 1,607,554
 
      2,453,743
TOTAL MUNICIPAL BONDS (Cost $32,675,053) $ 30,549,155
 
CAPITAL PREFERRED SECURITIES - 0.30%    
Cayman Islands - 0.27%      
MUFG Capital Finance 5, Ltd. (6.299%      
to 01/25/2017, then 6 month GBP      
LIBOR + 2.060%)      
,01/25/2017 (Q) GBP 1,800,000 2,764,837
 
      2,764,837
United States - 0.03%      
RBS Capital Trust I (4.709% to      
07/01/2013, then 3 month      
LIBOR + 1.865%)      
,07/01/2013 (Q) $ 300,000 230,250
State Street Capital Trust IV      
1.310%, 06/15/2037 (P)   20,000 16,503
 
      246,753
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $1,584,458)   $ 3,011,590
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 14.61%      
Australia - 1.44%      
Crusade Global Trust, Series 2005-2,      
Class A2      
5.092%, 08/14/2037 (P) AUD 3,938,433 $ 3,944,134
Puma Finance, Ltd.      
Series 2006-G5, Class A1,      
0.384%, 02/21/2038 (P) (S) $ 670,593 646,950
Series 2005-P11, Class BA,      
4.980%, 08/22/2037 (P) AUD 2,659,800 2,665,295
Series 2004-P10, Class BA,      
5.350%, 07/12/2036 (P)   506,788 512,394
Swan, Series 2006-1E, Class A2      
5.062%, 05/12/2037 (P)   1,594,495 1,613,580
The SMHL Programme, Series 2009-3,      
Class A1      
6.220%, 11/07/2040 (P)   2,616,158 2,677,122
Torrens Trust, Series 2007-1, Class A      
5.230%, 10/19/2038 (P)   2,417,218 2,433,140
 
      14,492,615
Ireland - 0.20%      
Immeo Residential Finance PLC,      
Series 2007-2, Class A      
1.333%, 12/15/2016 (P) EUR 1,515,079 2,042,410
 
      2,042,410

 

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Netherlands - 0.04%      
Atomium Mortgage Finance BV,      
Series 2003-I, Class A      
1.170%, 07/01/2034 (P) $ 59,860 $ 82,700
Delphinus BV, Series 2001-II, Class A1      
1.378%, 11/28/2031 (P)   89,022 125,490
Dutch Mortgage Portfolio Loans BV,      
Series III, Class A      
1.336%, 11/20/2035 (P)   167,490 232,444
 
      440,634
United Kingdom - 3.14%      
Alba PLC, Series 2006-2, Class A3A      
0.976%, 12/15/2038 (P) GBP 334,350 454,061
Great Hall Mortgages PLC      
Series 2007-1, Class A2A,      
0.936%, 03/18/2039 (P)   1,872,300 2,596,626
Series 2007-1, Class A2B,      
1.300%, 03/18/2039 (P) EUR 1,872,300 2,295,439
Series 2006-1, Class A2B,      
1.320%, 06/18/2038 (P)   2,597,798 3,223,559
Holmes Master Issuer PLC      
Series 2011-1A, Class A3,      
2.339%, 10/15/2054 (P) (S)   3,600,000 5,107,464
Series 2010-1A, Class A3,      
2.406%, 10/15/2054 (P) (S)   4,500,000 6,394,081
Mansard Mortgages PLC,      
Series 2007-2X, Class A1      
1.456%, 12/15/2049 (P) GBP 5,183,845 7,063,808
Newgate Funding PLC, Series 2007-3X,      
Class A1      
1.406%, 12/15/2050 (P)   1,609,067 2,504,044
RMAC Securities PLC,      
Series 2006-NS1X, Class A2C      
1.325%, 06/12/2044 (P) EUR 1,683,912 1,997,474
 
      31,636,556
United States - 9.79%      
Adjustable Rate Mortgage Trust,      
Series 2005-5, Class 2A1      
2.969%, 09/25/2035 (P) $ 201,572 156,062
American Home Mortgage Assets,      
Series 2006-5, Class A1      
1.232%, 11/25/2046 (P)   1,187,470 567,143
American Home Mortgage      
Investment Trust, Series 2004-3,      
Class 5A      
2.281%, 10/25/2034 (P)   112,960 102,085
Banc of America Funding Corp.      
Series 2005-E , Class 1A1,      
0.543%, 05/20/2035 (P)   532,094 325,615
Series 2006-J, Class 4A1,      
5.864%, 01/20/2047 (P)   309,168 217,856
Banc of America Mortgage      
Securities, Inc., Series 2005-B,      
Class 2A2      
2.849%, 03/25/2035 (P)   1,473,089 1,286,839
BCAP LLC Trust, Series 2006-AA2,      
Class A1      
0.420%, 01/25/2037 (P)   3,081,894 1,912,682
Bear Stearns Adjustable      
Rate Mortgage Trust      
Series 2005-2, Class A1,      
2.710%, 03/25/2035 (P)   2,535,223 2,430,754

 

162

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
United States (continued)      
Bear Stearns Adjustable Rate      
Mortgage Trust (continued)      
Series 2003-6, Class 1A1,      
2.773%, 08/25/2033 (P) $ 217,403 $ 219,935
Series 2004-2, Class 22A,      
2.839%, 05/25/2034 (P)   387,850 371,082
Series 2003-9, Class 2A1,      
2.864%, 02/25/2034 (P)   35,510 31,813
Series 2003-7, Class 6A,      
2.875%, 10/25/2033 (P)   206,759 211,985
Series 2005-2, Class A2,      
2.934%, 03/25/2035 (P)   944,127 907,660
Series 2004-9, Class 22A1,      
3.607%, 11/25/2034 (P)   159,322 159,031
Series 2004-2, Class 23A,      
4.137%, 05/25/2034 (P)   130,241 129,195
Series 2005-12, Class 23A1,      
5.675%, 02/25/2036 (P)   1,284,511 935,321
Bear Stearns Alt-A Trust      
Series 2006-1, Class 21A2,      
2.802%, 02/25/2036 (P)   2,515,897 1,285,023
Series 2005-9, Class 24A1,      
2.928%, 11/25/2035 (P)   1,278,867 776,369
Series 2005-7, Class 22A1,      
2.987%, 09/25/2035 (P)   1,560,746 1,213,313
Bear Stearns Structured Products, Inc.,      
Series 2007-R6, Class 1A1      
2.683%, 01/26/2036 (P)   2,650,924 1,764,100
Citigroup Mortgage Loan Trust, Inc.      
Series 2005-6, Class A1,      
2.510%, 08/25/2035 (P)   840,618 795,069
Series 2005-6, Class A2,      
2.560%, 08/25/2035 (P)   920,263 814,600
Series 2006-AR1, Class 1A1,      
2.650%, 10/25/2035 (P)   361,885 310,041
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2007-CD4,      
Class A4      
5.322%, 12/11/2049   5,600,000 5,877,710
Commercial Mortgage Pass Through      
Certificates, Series 2010-C1, Class A1      
3.156%, 07/10/2046 (S)   2,978,020 2,965,633
Countrywide Alternative Loan Trust      
Series 2007-OA7, Class A1A,      
0.430%, 05/25/2047 (P)   2,683,654 1,565,389
Series 2006-OA9, Class 2A1B,      
0.453%, 07/20/2046 (P)   879,175 392,898
Series 2007-11T1, Class A12,      
0.600%, 05/25/2037 (P)   678,303 398,014
Series 2005-56, Class 2A3,      
1.812%, 11/25/2035 (P)   210,770 129,324
Series 2005-56, Class 2A2,      
2.352%, 11/25/2035 (P)   175,762 107,818
Series 2005-21CB, Class A3,      
5.250%, 06/25/2035   303,710 269,878
Series 2007-7T2, Class A9,      
6.000%, 04/25/2037   432,362 287,344
Series 2007-16CB, Class 5A1,      
6.250%, 08/25/2037   302,031 198,972
Countrywide Home Loan Mortgage      
Pass Through Trust      
Series 2004-25, Class 1A1,      
0.580%, 02/25/2035 (P)   67,468 51,471

 

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
United States (continued)      
Countrywide Home Loan Mortgage Pass      
Through Trust (continued)      
Series 2004-25, Class 2A1,      
0.590%, 02/25/2035 (P) $ 100,541 $ 76,214
Series 2004-12, Class 11A1,      
2.984%, 08/25/2034 (P)   120,227 89,101
Series 2004-HYB5, Class 2A1,      
3.051%, 04/20/2035 (P)   153,545 147,329
Series 2004-22, Class A3,      
3.118%, 11/25/2034 (P)   395,870 343,084
Countrywide Mortgage Backed      
Securities, Series 2005-2, Class 2A1      
0.570%, 03/25/2035 (P)   152,271 101,604
Credit Suisse First Boston      
Mortgage Securities Corp.      
Series 2002-AR13, Class 3A,      
1.962%, 05/25/2032 (P)   5,417 5,497
Series 2003-AR18, Class 2A3,      
2.495%, 07/25/2033 (P)   35,726 34,417
Series 2003-AR20, Class 2A1,      
2.675%, 08/25/2033 (P)   544,464 550,742
Series 2003-8, Class 5A1,      
6.500%, 04/25/2033   33,007 34,577
Credit Suisse Mortgage Capital      
Certificates, Series 2007-C3, Class A2      
5.524%, 06/15/2039 (P)   1,032,971 1,056,497
Downey Savings & Loan Association      
Mortgage Loan Trust,      
Series 2006-AR2, Class 2AB3      
0.563%, 11/19/2037 (P)   2,600,000 191,662
Federal Home Loan Mortgage Corp.      
Series 2752, Class FM,      
0.605%, 12/15/2030 (P)   81,255 81,493
Series T-62, Class 1A1,      
1.513%, 10/25/2044 (P)   2,140,648 2,116,925
Federal National Mortgage Association      
Series 2004-W2, Class 5AF,      
0.600%, 03/25/2044 (P)   111,794 106,340
Series 2002-W8, Class F,      
0.650%, 09/25/2032 (P)   28,684 27,053
Series 2010-136, Class FA,      
0.750%, 12/25/2040 (P)   3,739,935 3,694,727
First Horizon Asset Securities, Inc.      
Series 2003-AR4, Class 2A1,      
2.708%, 12/25/2033 (P)   190,445 187,232
Series 2005-AR3, Class 2A1,      
2.921%, 08/25/2035 (P)   199,017 158,531
First Republic Mortgage Loan Trust,      
Series 2001-FRB1, Class A      
0.605%, 11/15/2031 (P)   111,156 101,860
GMAC Mortgage Corp. Loan Trust,      
Series 2004-AR1, Class 22A      
3.025%, 06/25/2034 (P)   37,060 32,606
Government National Mortgage      
Association, Series 2004-68, Class ZC      
6.000%, 08/20/2034   3,707,310 4,126,194
Greenpoint Mortgage Funding Trust      
Series 2006-AR6, Class A1A,      
0.330%, 10/25/2046 (P)   664,657 607,301
Series 2006-OH1, Class A1,      
0.430%, 01/25/2037 (P)   382,275 238,133
Greenpoint Mortgage Pass-Through      
Certificates, Series 2003-1, Class A1      
2.940%, 10/25/2033 (P)   33,437 28,381

 

163

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
United States (continued)      
GSR Mortgage Loan Trust,      
Series 2003-1, Class A2      
1.990%, 03/25/2033 (P) $ 170,871 $ 171,178
Harborview Mortgage Loan Trust      
Series 2006-12, Class 2A2A,      
0.443%, 01/19/2038 (P)   898,729 589,325
Series 2005-4, Class 3A1,      
2.936%, 07/19/2035 (P)   80,171 64,808
Series 2003-1, Class A,      
3.025%, 05/19/2033 (P)   364,563 365,905
Indymac Index Mortgage Loan Trust,      
Series 2004-AR11, Class 2A      
2.677%, 12/25/2034 (P)   123,373 92,853
JPMorgan Alternative Loan Trust,      
Series 2006-A6, Class 2A1      
5.500%, 11/25/2036 (P)   577,179 537,796
JPMorgan Mortgage Trust      
Series 2003-A2, Class 3A1,      
2.162%, 11/25/2033 (P)   210,074 211,065
Series 2007-A1, Class 5A5,      
2.967%, 07/25/2035 (P)   944,504 951,945
Series 2007-A1, Class 5A6,      
2.967%, 07/25/2035 (P)   858,640 681,797
Series 2006-S2, Class 1A3,      
5.500%, 07/25/2036   1,698,649 1,620,133
Mastr Adjustable Rate Mortgages Trust,      
Series 2007-HF1, Class A1      
0.490%, 05/25/2037 (P)   565,637 301,176
Mellon Residential Funding Corp.,      
Series 2000-TBC3, Class A1      
0.695%, 12/15/2030 (P)   79,291 75,671
Merrill Lynch Commercial Trust,      
Series 2008-LAQA, Class A1      
0.797%, 07/09/2021 (P) (S)   2,699,443 2,566,804
Merrill Lynch Mortgage Investors, Inc.      
Series 2005-A10, Class A,      
0.460%, 02/25/2036 (P)   5,495,374 4,187,557
Series 2005-A8, Class A3A2,      
0.500%, 08/25/2036 (P)   200,293 162,984
Series 2003-A2, Class 1A1,      
2.305%, 02/25/2033 (P)   201,846 193,394
Merrill Lynch/Countrywide      
Commercial Mortgage Trust      
Series 2006-3, Class A4,      
5.414%, 07/12/2046 (P)   2,400,000 2,538,301
Series 2007-8, Class A3,      
5.964%, 08/12/2049 (P)   3,200,000 3,431,429
MLCC Mortgage Investors, Inc.      
Series 2005-3, Class 4A,      
0.500%, 11/25/2035 (P)   1,348,719 1,161,962
Series 2005-2, Class 1A,      
1.707%, 10/25/2035 (P)   1,283,644 1,174,005
NCUA Guaranteed Notes      
Series 2010-R2, Class 1A,      
0.629%, 11/06/2017 (P)   14,437,783 14,442,259
Series 2010-R1, Class 1A,      
0.709%, 10/07/2020 (P)   4,839,941 4,845,991
Residential Accredit Loans, Inc.      
Series 2007-QO2, Class A1,      
0.400%, 02/25/2047 (P)   794,483 404,150
Series 2006-QO6, Class A1,      
0.430%, 06/25/2046 (P)   3,255,273 1,312,936
Series 2007-QH4, Class A2,      
0.480%, 05/25/2037 (P)   1,122,285 285,665

 

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
United States (continued)      
Residential Accredit Loans, Inc. (continued)    
Series 2006-QA2, Class 2A1,      
5.714%, 02/25/2036 (P) $ 992,303 $ 535,398
Residential Asset Securitization Trust      
Series 2006-R1, Class A2,      
0.650%, 01/25/2046 (P)   846,671 388,232
Series 2005-A15, Class 5A1,      
5.750%, 02/25/2036   516,479 389,462
Residential Funding Mortgage      
Securities I, Series 2005-SA4,      
Class 1A21      
3.249%, 09/25/2035 (P)   216,895 150,979
Sequoia Mortgage Trust      
Series 5, Class A,      
0.603%, 10/19/2026 (P)   59,032 51,746
Series 2003-4, Class 2A1,      
0.603%, 07/20/2033 (P)   265,285 253,270
Structured Adjustable Rate      
Mortgage Loan Trust      
Series 2004-1, Class 4A1,      
2.585%, 02/25/2034 (P)   220,462 212,546
Series 2004-4, Class 3A2,      
2.652%, 04/25/2034 (P)   517,026 469,370
Series 2004-12, Class 7A1,      
5.205%, 09/25/2034 (P)   677,755 640,444
Structured Asset      
Mortgage Investments, Inc.      
Series 2006-AR5, Class 1A1,      
0.460%, 05/25/2046 (P)   850,682 477,838
Series 2004-AR3, Class 1A2,      
0.833%, 07/19/2034 (P)   122,530 113,449
Thornburg Mortgage Securities Trust      
Series 2006-6, Class A1,      
0.360%, 11/25/2046 (P)   1,185,285 1,169,845
Series 2006-4, Class A2B,      
0.370%, 07/25/2036 (P)   580,836 577,028
Series 2003-5, Class 1A,      
3.164%, 10/25/2043 (P)   1,197,479 1,123,464
Wachovia Bank Commercial      
Mortgage Trust, Series 2006-C28,      
Class A4      
5.572%, 10/15/2048   192,000 202,806
WaMu Mortgage Pass-      
Through Certificates      
Series 2005-AR6, Class 2A1A,      
0.480%, 04/25/2045 (P)   164,986 142,445
Series 2005-AR15, Class A1A1,      
0.510%, 11/25/2045 (P)   304,490 256,422
Series 2005-AR2, Class 2A1A,      
0.560%, 01/25/2045 (P)   80,204 67,536
Series 2006-AR19, Class 1A,      
1.052%, 01/25/2047 (P)   851,167 510,716
Series 2006-AR9, Class 1A,      
1.312%, 08/25/2046 (P)   601,500 391,391
Series 2002-AR17, Class 1A,      
1.512%, 11/25/2042 (P)   450,773 398,379
Series 2003-AR5, Class A7,      
2.696%, 06/25/2033 (P)   155,957 148,923
Series 2003-AR9, Class 1A6,      
2.712%, 09/25/2033 (P)   791,726 783,967
Series 2002-AR2, Class A,      
2.734%, 02/27/2034 (P)   107,164 109,585

 

164

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
United States (continued)      
Washington Mutual Alternative Mortgage      
Pass-Through Certificates,      
Series 2006-AR5, Class 3A      
1.252%, 07/25/2046 (P) $ 587,853 $ 265,417
Wells Fargo Mortgage Backed      
Securities Trust, Series 2005-AR11,      
Class 1A1      
2.936%, 06/25/2035 (P)   3,121,391 3,128,267
 
      98,635,538
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $156,183,941)   $ 147,247,753
 
ASSET BACKED SECURITIES - 3.03%    
Canada - 0.14%      
Ford Auto Securitization Trust,      
Series 2009-R1A, Class A2      
4.817%, 10/15/2012 (S) CAD 1,353,548 1,424,486
 
      1,424,486
Cayman Islands - 0.69%      
Duane Street CLC, Series 2005-1A,      
Class A2      
0.562%, 11/08/2017 (P) (S) $ 1,455,563 1,384,103
Gulf Stream Compass CLO, Ltd.,      
Series 2003-1A, Class A      
0.841%, 08/27/2015 (P) (S)   627,351 615,239
Landmark CDO, Ltd., Series 2005-1A,      
Class A1L      
0.611%, 06/01/2017 (P) (S)   2,365,816 2,274,389
Olympic CLO, Ltd., Series 2004-1A,      
Class A1LA      
0.743%, 05/15/2016 (P) (S)   171,138 168,873
Pacifica Cdo, Ltd., Series 2004-4x,      
Class A1l      
0.663%, 02/15/2017 (P)   2,611,486 2,549,463
 
      6,992,067
Ireland - 0.46%      
Aquilae CLO PLC, Series 2006-1X,      
Class A      
1.469%, 01/17/2023 (P) EUR 3,596,685 4,627,570
 
      4,627,570
Luxembourg - 0.12%      
Penta CLO SA, Series 2007-1X,      
Class A1      
1.478%, 06/04/2024 (P)   968,307 1,238,867
 
      1,238,867
Netherlands - 0.26%      
Globaldrive BV, Series 2009-A, Class A      
3.000%, 07/20/2015   1,815,103 2,573,547
 
      2,573,547
United Kingdom - 0.11%      
Bumper 2 SA, Series 2009-3, Class A      
2.670%, 06/20/2022 (P)   753,192 1,069,985
 
      1,069,985
United States - 1.25%      
Access Group, Series 2008-1, Class A      
1.603%, 10/27/2025 (P) $ 1,912,644 1,931,664
Amortizing Residential Collateral Trust,      
Series 2002-BC4, Class A      
0.830%, 07/25/2032 (P)   6,344 5,850

 

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
ASSET BACKED SECURITIES (continued)      
United States (continued)        
Amresco Residential Securities,        
Series 1999-1, Class A        
1.190%, 06/25/2029 (P) $ 27,650  $ 23,776
Citibank Credit Card Issue Trust,        
Series 2004-A2, Class A        
1.177%, 05/24/2013 (P) EUR 1,700,000   2,406,300
First Alliance Mortgage Loan,        
Series 1997-4, Class A3        
0.483%, 12/20/2027 (P) $ 25,884   18,702
Ford Credit Auto Owner Trust,        
Series 2008-C, Class A3        
1.675%, 06/15/2012 (P)   392,353   393,022
GSRPM Mortgage Loan Trust,        
Series 2003-1, Class A2        
0.950%, 01/25/2032 (P)   38,142   35,339
Home Equity Asset Trust, Series 2002-1,        
Class A4        
0.850%, 11/25/2032 (P)   1,283   980
Residential Asset Mortgage        
Products, Inc., Series 2002-RS3        
0.810%, 06/25/2032 (P)   13,177   11,044
Residential Asset Securities Corp.,        
Series 2002-KS4, Class AIIB        
0.750%, 07/25/2032 (P)   39,815   22,100
Securitized Asset Backed        
Receivables LLC Trust,        
Series 2007-NC1, Class A2A        
0.300%, 12/25/2036 (P)   349,333   336,888
SLM Student Loan Trust, Series 2009-B,        
Class A1        
6.255%, 07/15/2042 (P) (S)   4,367,161   4,219,896
Small Business Administration,        
Series 2004-10A, Class 1        
4.120%, 03/10/2014   551,875   572,944
Small Business Administration        
Participation Certificates,        
Series 2000-20K, Class 1        
7.220%, 11/01/2020   90,312   99,648
The Plymouth Rock CLO, Ltd.,        
Series 2010-1A, Class A        
1.920%, 02/16/2019 (P) (S)   2,500,000   2,507,336
Wells Fargo Home Equity Trust,        
Series 2005-2, Class AI1A        
0.480%, 10/25/2035 (P)   50,398   50,254
 
        12,635,743
TOTAL ASSET BACKED SECURITIES (Cost $29,823,739) $ 30,562,265
 
TERM LOANS (M) - 0.48%        
Germany - 0.31%        
Kabel Deutschland Holding AG        
4.950%, 12/03/2016 EUR 2,200,000   3,130,089
 
        3,130,089
United States - 0.17%        
Ford Motor Company        
2.970%, 12/15/2013 $ 1,734,131   1,732,223
TOTAL TERM LOANS (Cost $4,637,206)     $ 4,862,312
 
PREFERRED SECURITIES - 0.20%        
United States - 0.20%        
DG Funding Trust (S)    236  $ 1,805,872

 

165

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
PREFERRED SECURITIES (continued)    
United States (continued)      
SLM Corp.  9,800  $ 210,504
 
      2,016,376
TOTAL PREFERRED SECURITIES (Cost $2,611,779) $ 2,016,376
 
SHORT-TERM INVESTMENTS - 2.36%    
U.S. Government & Agency      
Obligations* - 1.66%      
U.S. Treasury Bill      
0.132%, 09/08/2011 (F) $ 35,000  $ 34,978
0.138%, 09/15/2011 (F)  8,308,000 8,301,937
0.158%, 09/01/2011 (F)  732,000 731,426
0.173%, 08/04/2011 (F)  3,235,000 3,232,220
0.178%, 07/28/2011 (F)  3,454,000 3,451,221
0.183%, 07/07/2011 (F)  320,000 319,719
0.183%, 07/14/2011 (F)  662,000 661,435
 
      16,732,936
Repurchase Agreement - 0.70%      
Credit Suisse Tri-Party Repurchase      
Agreement dated 03/31/2011 at      
0.140% to be repurchased at      
$5,100,020 on 04/01/2011,      
collateralized by $5,135,000      
U.S. Treasury Notes, 1.375% due      
05/15/2013 (valued at $5,222,504,      
including interest)  5,100,000 5,100,000
Repurchase Agreement with State      
Street Corp. dated 03/31/2011 at      
0.010% to be repurchased at      
$1,961,001 on 04/01/2011,      
collateralized by $1,990,000      
U.S. Treasury Notes, 0.750% due      
05/31/2012 (valued at $2,002,438,      
including interest)  1,961,000 1,961,000
 
      7,061,000
TOTAL SHORT-TERM INVESTMENTS (Cost $23,793,936) $ 23,793,936
Total Investments (Global Bond Trust)      
(Cost $1,039,076,532) - 104.32%   $ 1,051,279,063
Other assets and liabilities, net - (4.32%)   (43,506,411)
TOTAL NET ASSETS - 100.00%   $ 1,007,772,652
 
 
 
Growth Equity Trust      
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS - 99.40%      
Consumer Discretionary - 15.72%      
Auto Components - 0.90%      
TRW Automotive Holdings Corp. (I)  78,420   $ 4,319,374
Automobiles - 1.40%      
Ford Motor Company (I)  450,180 6,712,184
Hotels, Restaurants & Leisure - 3.08%      
Las Vegas Sands Corp. (I)  54,880 2,317,034
Marriott International, Inc., Class A (L)  185,630 6,604,715
McDonald’s Corp.  77,040 5,861,974
 
      14,783,723
Internet & Catalog Retail - 3.95%      
Amazon.com, Inc. (I)  65,570 11,811,124

 

Growth Equity Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Internet & Catalog Retail (continued)    
Netflix, Inc. (I) 8,600 $ 2,041,038
priceline.com, Inc. (I) 10,100 5,115,044
 
    18,967,206
Media - 1.48%    
The Walt Disney Company 164,850 7,103,387
Multiline Retail - 2.00%    
Kohl’s Corp. 81,490 4,322,230
Target Corp. 105,960 5,299,060
 
    9,621,290
Specialty Retail - 1.69%    
Limited Brands, Inc. 161,330 5,304,530
Tiffany & Company 45,870 2,818,253
 
    8,122,783
Textiles, Apparel & Luxury Goods - 1.22%    
NIKE, Inc., Class B 77,140 5,839,498
 
    75,469,445
Consumer Staples - 5.81%    
Beverages - 4.72%    
Anheuser-Busch InBev NV, ADR (L) 106,630 6,096,037
Coca-Cola Enterprises, Inc. 176,500 4,818,450
Hansen Natural Corp. (I) 76,250 4,592,538
The Coca-Cola Company 108,140 7,175,089
 
    22,682,114
Food & Staples Retailing - 1.09%    
Costco Wholesale Corp. 70,970 5,203,520
 
    27,885,634
Energy - 10.16%    
Energy Equipment & Services - 5.57%    
Halliburton Company 101,490 5,058,262
National Oilwell Varco, Inc. 114,220 9,054,219
Schlumberger, Ltd. 135,370 12,624,606
 
    26,737,087
Oil, Gas & Consumable Fuels - 4.59%    
Concho Resources, Inc. (I) 77,390 8,303,947
Noble Energy, Inc. 53,980 5,217,167
Pioneer Natural Resources Company 83,780 8,538,858
 
    22,059,972
 
    48,797,059
Financials - 5.51%    
Capital Markets - 3.84%    
BlackRock, Inc. 13,990 2,812,130
Franklin Resources, Inc. 28,900 3,614,812
T. Rowe Price Group, Inc. (L) 125,720 8,350,322
The Charles Schwab Corp. 204,450 3,686,234
 
    18,463,498
Consumer Finance - 0.67%    
American Express Company 70,750 3,197,900
Diversified Financial Services - 1.00%    
IntercontinentalExchange, Inc. (I) 38,700 4,780,998
 
    26,442,396
Health Care - 10.12%    
Biotechnology - 1.13%    
Alexion Pharmaceuticals, Inc. (I)(L) 24,200 2,388,056
Celgene Corp. (I) 52,980 3,047,939
 
    5,435,995

 

166

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Growth Equity Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Equipment & Supplies - 0.89%    
Intuitive Surgical, Inc. (I)(L) 12,800 $ 4,268,288
Health Care Providers & Services - 2.54%    
AmerisourceBergen Corp. 125,990 4,984,164
Express Scripts, Inc. (I) 86,420 4,805,816
HCA Holdings, Inc. (I) 71,310 2,415,270
 
    12,205,250
Health Care Technology - 0.69%    
SXC Health Solutions Corp. (I) 60,230 3,300,604
Life Sciences Tools & Services - 1.30%    
Agilent Technologies, Inc. (I) 139,090 6,228,450
Pharmaceuticals - 3.57%    
Allergan, Inc. 77,440 5,499,789
Perrigo Company 51,100 4,063,472
Shire PLC, ADR (L) 55,030 4,793,113
Teva Pharmaceutical Industries, Ltd., SADR 55,740 2,796,476
 
    17,152,850
 
    48,591,437
Industrials - 15.88%    
Aerospace & Defense - 2.04%    
Precision Castparts Corp. 66,480 9,784,526
Air Freight & Logistics - 1.21%    
Expeditors International of Washington, Inc. 116,190 5,825,767
Electrical Equipment - 3.98%    
AMETEK, Inc. 115,050 5,047,244
Emerson Electric Company 89,340 5,220,136
Rockwell Automation, Inc. (L) 93,510 8,850,722
 
    19,118,102
Machinery - 7.45%    
Cummins, Inc. 53,600 5,875,632
Deere & Company 178,080 17,254,171
Joy Global, Inc. (L) 50,840 5,023,500
PACCAR, Inc. (L) 145,910 7,638,389
 
    35,791,692
Road & Rail - 1.20%    
CSX Corp. (L) 73,270 5,759,022
 
    76,279,109
Information Technology - 28.99%    
Communications Equipment - 4.39%    
F5 Networks, Inc. (I) 31,630 3,244,289
Juniper Networks, Inc. (I) 171,490 7,216,299
QUALCOMM, Inc. 193,450 10,606,864
 
    21,067,452
Computers & Peripherals - 9.65%    
Apple, Inc. (I) 78,830 27,468,314
EMC Corp. (I) 343,570 9,121,784
Hewlett-Packard Company 181,290 7,427,451
NetApp, Inc. (I)(L) 48,700 2,346,366
 
    46,363,915
Electronic Equipment, Instruments & Components - 0.57%  
Corning, Inc. 133,650 2,757,200
Internet Software & Services - 2.71%    
Google, Inc., Class A (I) 22,190 13,008,000
IT Services - 2.11%    
Cognizant Technology    
Solutions Corp., Class A (I) 57,880 4,711,432

 

Growth Equity Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS (continued)      
IT Services (continued)      
Visa, Inc., Class A   73,510 $ 5,411,806
 
      10,123,238
Semiconductors & Semiconductor Equipment - 1.82%    
Broadcom Corp., Class A (I)   151,270 5,957,013
Marvell Technology Group, Ltd. (I)   179,410 2,789,826
 
      8,746,839
Software - 7.74%      
Autodesk, Inc. (I)   97,830 4,315,281
Check Point Software Technologies, Ltd. (I)(L) 153,310 7,826,476
Citrix Systems, Inc. (I)   50,210 3,688,427
Intuit, Inc. (I)   82,650 4,388,715
Oracle Corp.   410,080 13,684,370
Salesforce.com, Inc. (I)   24,490 3,271,374
 
      37,174,643
 
      139,241,287
Materials - 5.70%      
Chemicals - 3.67%      
E.I. du Pont de Nemours & Company   103,460 5,687,196
FMC Corp. (L)   58,030 4,928,488
Potash Corp. of Saskatchewan, Inc.   118,800 7,000,884
 
      17,616,568
Metals & Mining - 2.03%      
Goldcorp, Inc.   96,670 4,814,166
Walter Energy, Inc.   36,640 4,962,155
 
      9,776,321
 
      27,392,889
Telecommunication Services - 1.51%      
Wireless Telecommunication Services - 1.51%    
American Tower Corp., Class A (I)   140,210 7,265,677
TOTAL COMMON STOCKS (Cost $378,353,991) $ 477,364,933
 
SECURITIES LENDING COLLATERAL - 9.23%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   4,428,311 44,313,663
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $44,314,544)   $ 44,313,663
 
SHORT-TERM INVESTMENTS - 0.10%    
Repurchase Agreement - 0.10%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be      
repurchased at $506,000 on 04/01/2011,      
collateralized by $515,000 Federal National    
Mortgage Association, 2.000% due      
07/14/2014 (valued at $518,219,      
including interest) $ 506,000 $ 506,000
TOTAL SHORT-TERM INVESTMENTS (Cost $506,000) $ 506,000
Total Investments (Growth Equity Trust)      
(Cost $423,174,535) - 108.73%   $ 522,184,596
Other assets and liabilities, net - (8.73%)     (41,945,868)
 
TOTAL NET ASSETS - 100.00%   $ 480,238,728
 

 

167

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Health Sciences Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 99.62%    
Consumer Discretionary - 0.19%    
Internet & Catalog Retail - 0.19%    
drugstore.com, Inc. (I) 78,300 $ 301,455
Consumer Staples - 0.76%    
Food & Staples Retailing - 0.76%    
CVS Caremark Corp. 26,300 902,616
Raia SA (I) 18,600 290,509
 
    1,193,125
    1,193,125
Health Care - 96.17%    
Biotechnology - 33.56%    
Achillion Pharmaceuticals, Inc. (I) 28,100 200,915
Acorda Therapeutics, Inc. (I) 26,561 616,215
Alexion Pharmaceuticals, Inc. (E)(I) 100,920 9,958,786
Alkermes, Inc. (I) 114,000 1,476,300
Allos Therapeutics, Inc. (I) 37,200 117,924
AMAG Pharmaceuticals, Inc. (I) 22,000 367,400
Amarin Corp. PLC, ADR (I) 47,500 346,750
Amgen, Inc. (I) 49,000 2,619,050
Amylin Pharmaceuticals, Inc. (I) 28,900 328,593
Anacor Pharmaceuticals, Inc. (I) 36,300 251,196
Ardea Biosciences, Inc. (I) 16,900 484,861
Arqule, Inc. (I) 15,700 112,412
Basilea Pharmaceutica AG (I) 1,397 100,686
Biocon, Ltd. 17,700 136,367
BioCryst Pharmaceuticals, Inc. (I) 18,800 71,252
Biogen Idec, Inc. (I) 3,919 287,615
BioMarin Pharmaceutical, Inc. (I) 71,500 1,796,795
Celgene Corp. (I) 59,466 3,421,079
Cephalon, Inc. (I) 28,200 2,136,996
Cubist Pharmaceuticals, Inc. (I) 33,600 848,064
Dendreon Corp. (I) 26,600 995,638
Dyadic International, Inc. (I) 18,900 36,855
Exelixis, Inc. (I) 157,000 1,774,100
Gilead Sciences, Inc. (I) 111,396 4,727,646
Halozyme Therapeutics, Inc. (I) 16,700 112,057
Human Genome Sciences, Inc. (E)(I) 88,000 2,415,600
Idenix Pharmaceuticals, Inc. (I) 145,704 483,737
Incyte Corp. (I) 203,300 3,222,305
Infinity Pharmaceuticals, Inc. (I) 21,975 129,213
Intercell AG (I) 7,274 92,823
InterMune, Inc. (I) 44,900 2,118,831
Ironwood Pharmaceuticals, Inc. (I) 7,000 98,000
Lexicon Pharmaceuticals, Inc. (I) 42,900 72,072
Micromet, Inc. (I) 22,300 125,103
Momenta Pharmaceuticals, Inc. (I) 26,600 421,610
Neurocrine Biosciences, Inc. (I) 65,100 494,109
NPS Pharmaceuticals, Inc. (I) 5,300 50,721
Onyx Pharmaceuticals, Inc. (I) 20,038 704,937
Pharmacyclics, Inc. (I) 68,700 404,643
Pharmasset, Inc. (E)(I) 25,200 1,983,492
Poniard Pharmaceuticals, Inc. (I) 97,645 41,890
Regeneron Pharmaceuticals, Inc. (I) 40,900 1,838,046
Rigel Pharmaceuticals, Inc. (I) 15,300 108,783
Seattle Genetics, Inc. (I) 43,500 677,295
Sinovac Biotech, Ltd. (I) 35,700 161,721
Swedish Orphan Biovitrum AB (I) 61,492 281,828
Targacept, Inc. (I) 4,200 111,678
Theravance, Inc. (I) 36,100 874,342
Vertex Pharmaceuticals, Inc. (I) 40,604 1,946,150
Vical, Inc. (I) 83,800 248,048
Ym Biosciences, Inc. (I) 50,100 132,264
 
    52,564,793

 

Health Sciences Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Equipment & Supplies - 13.90%    
ArthroCare Corp. (I) 16,800 $ 560,112
Baxter International, Inc. 34,100 1,833,557
C.R. Bard, Inc. 4,900 486,619
Conceptus, Inc. (I) 55,800 806,310
Covidien PLC 66,125 3,434,533
DENTSPLY International, Inc. (E) 37,650 1,392,674
Dynavox, Inc., Class A (I) 19,100 105,432
Edwards Lifesciences Corp. (E)(I) 33,400 2,905,800
Enteromedics, Inc. (I) 56,850 156,906
HeartWare International, Inc. (I) 17,500 1,496,775
Hill-Rom Holdings, Inc. 2,800 106,344
IDEXX Laboratories, Inc. (I) 23,300 1,799,226
Insulet Corp. (I) 26,600 548,492
Intuitive Surgical, Inc. (I) 800 266,768
Nobel Biocare Holding AG 8,362 173,337
Shandong Weigao Group Medical    
Polymer Company, Ltd. 96,000 273,788
Sonova Holding AG 1,963 174,944
Straumann Holding AG 1,200 308,523
Stryker Corp. 47,500 2,888,000
Thoratec Corp. (I) 6,900 178,917
Tornier Bv (I) 4,700 87,326
Zimmer Holdings, Inc. (I) 29,400 1,779,582
 
    21,763,965
Health Care Providers & Services - 21.72%    
AMERIGROUP Corp. (I) 43,400 2,788,450
AmerisourceBergen Corp. 56,000 2,215,360
Amil Participacoes SA 7,000 82,277
Bangkok Dusit Medical Service PCL 493,300 844,049
Catalyst Health Solutions, Inc. (I) 16,800 939,624
Centene Corp. (I) 58,700 1,935,926
Community Health Systems, Inc. (I) 38,100 1,523,619
DaVita, Inc. (I) 16,795 1,436,140
Express Scripts, Inc. (E)(I) 41,800 2,324,498
Fleury SA 33,600 499,066
Fortis Healthcare, Ltd. (I) 24,761 84,054
Fresenius AG 3,353 310,238
Fresenius Medical Care AG 9,807 658,454
HCA Holdings, Inc. (I) 19,600 663,852
Health Management    
Associates, Inc., Class A (I) 78,500 855,650
Henry Schein, Inc. (I) 30,600 2,147,202
HMS Holdings Corp. (I) 7,900 646,615
Laboratory Corp. of America Holdings (I) 3,600 331,668
LCA-Vision, Inc. (I) 35,600 240,300
McKesson Corp. 38,600 3,051,330
MEDNAX, Inc. (I) 13,400 892,574
Odontoprev SA 11,300 184,659
Profarma Distribuidora de    
Produtos Farmaceuticos SA 47,100 442,829
PSS World Medical, Inc. (I) 7,600 206,340
Sinopharm Group Company, Ltd. 56,000 199,305
Tenet Healthcare Corp. (I) 95,500 711,475
Triple-S Management Corp., Class B (I) 28,000 576,240
UnitedHealth Group, Inc. 48,700 2,201,240
Universal Health Services, Inc., Class B 30,850 1,524,299
WellCare Health Plans, Inc. (I) 25,200 1,057,140
WellPoint, Inc. 35,100 2,449,629
 
    34,024,102
Health Care Technology - 3.15%    
Allscripts-Misys Healthcare Solutions, Inc. (I) 35,300 740,947
athenahealth, Inc. (I) 16,300 735,619
Cerner Corp. (I) 6,450 717,240

 

168

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Technology (continued)    
SXC Health Solutions Corp. (I) 50,100 $ 2,745,480
    4,939,286
Life Sciences Tools & Services - 5.55%    
Agilent Technologies, Inc. (I) 2,000 89,560
BG Medicine, Inc. (I) 16,100 124,131
Bruker Corp. (I) 35,000 729,750
Covance, Inc. (I) 30,900 1,690,848
Illumina, Inc. (I) 44,550 3,121,619
Pacific Biosciences of California, Inc. (I)(R) 10,950 151,283
Thermo Fisher Scientific, Inc. (I) 23,800 1,322,090
Waters Corp. (I) 16,800 1,459,920
 
    8,689,201
Pharmaceuticals - 18.29%    
Aegerion Pharmaceuticals, Inc. (I) 8,500 140,845
Allergan, Inc. 8,400 596,568
Auxilium Pharmaceuticals, Inc. (I) 10,700 229,729
AVANIR Pharmaceuticals, Class A (I) 313,800 1,280,304
Bayer AG 3,987 308,736
Cadence Pharmaceuticals, Inc. (I) 47,300 435,633
Cardiome Pharma Corp. (I) 35,600 152,368
China Medical System Holdings, Ltd. 744,800 729,209
Daiichi Sankyo Company, Ltd. 21,000 405,458
DepoMed, Inc. (I) 25,200 253,008
Elan Corp. PLC (I) 143,300 985,904
GlaxoSmithKline Pharmaceuticals, Ltd. 2,858 129,184
Hikma Pharmaceuticals PLC 16,863 199,640
Hospira, Inc. (I) 11,200 618,240
Impax Laboratories, Inc. (I) 24,400 620,980
Jazz Pharmaceuticals, Inc. (I) 15,400 490,490
Lijun International    
Pharmaceutical Holding, Ltd. 140,000 39,174
MAP Pharmaceuticals, Inc. (I) 19,600 270,284
Medicis Pharmaceutical Corp., Class A 2,800 89,712
Merck & Company, Inc. (E) 64,409 2,126,141
Nektar Therapeutics (I) 21,000 198,870
Newron Pharmaceuticals SpA (I) 6,333 46,153
Novo Nordisk A/S 5,115 641,122
Optimer Pharmaceuticals, Inc. (I) 15,605 184,607
Pacira Pharmaceuticals, Inc. (I) 14,000 99,400
Par Pharmaceutical Companies, Inc. (I) 2,200 68,376
Pfizer, Inc. 50,501 1,025,675
Ranbaxy Laboratories, Ltd. (I) 23,000 229,725
Roche Holdings AG 9,640 1,376,992
Salix Pharmaceuticals, Ltd. (I) 11,200 392,336
Sanofi-Aventis SA 2,200 154,510
Sawai Pharmaceutical Company, Ltd. 10,700 923,611
Shire PLC 19,581 568,563
Shire PLC, ADR 7,800 679,380
Simcere Pharmaceutical Group (I) 26,600 343,672
Sun Pharmaceutical Industries, Ltd. 17,000 167,171
Teva Pharmaceutical Industries, Ltd., SADR 34,765 1,744,160
The Medicines Company (I) 152,855 2,490,008
Towa Pharmaceutical Company, Ltd. 11,800 596,526
UCB SA 8,234 312,903
Valeant Pharmaceuticals International, Inc.    
(Toronto Exchange) 112,780 5,617,572
Vectura Group PLC (I) 98,550 96,437
Warner Chilcott PLC, Class A 11,200 260,736
XenoPort, Inc. (I) 56,100 332,673
 
    28,652,785
    150,634,132

 

Health Sciences Trust (continued)    
   Shares or  
   Principal  
   Amount Value
 
COMMON STOCKS (continued)      
Information Technology - 1.68%      
Internet Software & Services - 0.69%      
WebMD Health Corp. (I)  20,200 $ 1,079,084
IT Services - 0.22%      
MAXIMUS, Inc.   4,200 340,914
Software - 0.77%      
Nuance Communications, Inc. (I) 61,700 1,206,852
 
      2,626,850
Materials - 0.82%      
Chemicals - 0.82%      
Monsanto Company 17,700 1,279,002
TOTAL COMMON STOCKS (Cost $125,525,121)   $ 156,034,564
 
WARRANTS - 0.04%      
Alexza Pharmaceuticals, Inc. (Expiration date      
10/05/2016; Strike price $2.77) 14,130 6,710
Cadence Pharmaceuticals, Inc. (Expiration date      
02/18/2014; Strike price $7.84) 10,500 30,789
Dyadic International, Inc. (Expiration Date:      
04/29/2011; Strike Price $6.33)   6,000 0
EnteroMedics, Inc. (Expiration date      
02/20/2013; Strike price $8.28) 96,200 1,027
EnteroMedics, Inc. (Expiration Date:      
06/13/2016; Strike Price $2.19) 30,600 36,455
Favrille, Inc. (Expiration Date: 04/29/2011;      
Strike price $5.26) 20,411 0
Mannkind Corp. (Expiration Date: 04/29/2011;      
Strike Price $12.28) 21,000 0
Poniard Pharmaceuticals, Inc. (Expiration      
Date: 04/26/2011; Strike Price $4.62) 120,392 0
Poniard Pharmaceuticals, Inc. (Expiration      
Date: 04/29/2011; Strike Price $4.62) 11,721 0
TOTAL WARRANTS (Cost $18,180)   $ 74,981
 
SHORT-TERM INVESTMENTS - 1.09%      
Money Market Funds* - 1.09%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0248% $  450,763 $ 450,763
T. Rowe Price Prime Reserve Fund, 0.1942% 1,254,456 1,254,456
 
      1,705,219
TOTAL SHORT-TERM INVESTMENTS (Cost $1,705,219) $ 1,705,219
Total Investments (Health Sciences Trust)      
(Cost $127,248,520) - 100.75%   $ 157,814,764
Other assets and liabilities, net - (0.75%)     (1,182,003)
 
TOTAL NET ASSETS - 100.00%   $ 156,632,761
 
 
 
 
Heritage Trust      
   Shares or  
   Principal  
   Amount Value
 
 
COMMON STOCKS - 98.71%      
Consumer Discretionary - 19.39%      
Auto Components - 0.94%      
BorgWarner, Inc. (I)(L) 17,400 $ 1,386,606
Automobiles - 0.54%      
Harley-Davidson, Inc. 18,800 798,812

 

169

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Heritage Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Diversified Consumer Services - 0.57%    
Weight Watchers International, Inc. 12,062 $ 845,546
Hotels, Restaurants & Leisure - 4.34%    
Chipotle Mexican Grill, Inc. (I)(L) 6,000 1,634,220
Panera Bread Company, Class A (I) 9,404 1,194,308
Royal Caribbean Cruises, Ltd. (I) 87,400 3,606,124
 
    6,434,652
Household Durables - 0.13%    
KB Home (L) 15,900 197,796
Internet & Catalog Retail - 5.07%    
Netflix, Inc. (I)(L) 18,400 4,366,872
priceline.com, Inc. (I) 6,200 3,139,928
 
    7,506,800
Leisure Equipment & Products - 0.24%    
Brunswick Corp. 13,769 350,146
Media - 1.22%    
Imax Corp. (I) 56,300 1,800,474
Specialty Retail - 4.24%    
Dick’s Sporting Goods, Inc. (I) 10,600 423,788
O’Reilly Automotive, Inc. (I) 45,900 2,637,414
PetSmart, Inc. 43,000 1,760,850
Williams-Sonoma, Inc. (L) 36,000 1,458,000
 
    6,280,052
Textiles, Apparel & Luxury Goods - 2.10%    
Fossil, Inc. (I) 16,600 1,554,590
Lululemon Athletica, Inc. (I)(L) 17,500 1,558,375
 
    3,112,965
    28,713,849
Consumer Staples - 5.47%    
Beverages - 0.57%    
Hansen Natural Corp. (I) 14,100 849,243
Food & Staples Retailing - 2.73%    
Costco Wholesale Corp. 12,800 938,496
Whole Foods Market, Inc. 47,100 3,103,890
 
    4,042,386
Food Products - 1.43%    
Mead Johnson Nutrition Company 23,400 1,355,562
The J.M. Smucker Company 10,700 763,873
 
    2,119,435
Household Products - 0.74%    
Church & Dwight Company, Inc. 13,700 1,086,958
 
    8,098,022
Energy - 7.94%    
Energy Equipment & Services - 4.61%    
Atwood Oceanics, Inc. (I) 17,100 793,953
Dril-Quip, Inc. (I) 10,400 821,912
FMC Technologies, Inc. (I) 13,800 1,303,824
McDermott International, Inc. (I) 49,000 1,244,110
National Oilwell Varco, Inc. 33,700 2,671,399
 
    6,835,198
Oil, Gas & Consumable Fuels - 3.33%    
Concho Resources, Inc. (I) 22,300 2,392,790
Linn Energy LLC 18,500 720,205
Pioneer Natural Resources Company (L) 7,200 733,824
SandRidge Energy, Inc. (I)(L) 84,500 1,081,600
 
    4,928,419
    11,763,617

 

Heritage Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Financials - 5.99%    
Capital Markets - 2.28%    
KKR & Company LP 50,300 $ 825,423
Lazard, Ltd., Class A 38,600 1,604,988
Raymond James Financial, Inc. 24,900 952,176
 
    3,382,587
Commercial Banks - 0.49%    
East West Bancorp, Inc. 33,000 724,680
Consumer Finance - 1.16%    
Discover Financial Services 71,300 1,719,756
Real Estate Management & Development - 2.06%    
CB Richard Ellis Group, Inc., Class A (I) 85,300 2,277,510
Jones Lang LaSalle, Inc. 7,700 767,998
 
    3,045,508
 
    8,872,531
Health Care - 13.62%    
Biotechnology - 3.42%    
Alexion Pharmaceuticals, Inc. (I)(L) 25,100 2,476,868
United Therapeutics Corp. (I) 20,100 1,347,102
Vertex Pharmaceuticals, Inc. (I)(L) 25,800 1,236,594
 
    5,060,564
Health Care Equipment & Supplies - 2.54%    
C.R. Bard, Inc. (L) 19,500 1,936,545
Varian Medical Systems, Inc. (I)(L) 27,000 1,826,280
 
    3,762,825
Health Care Providers & Services - 1.36%    
Express Scripts, Inc. (I) 36,100 2,007,521
Health Care Technology - 2.53%    
Allscripts-Misys Healthcare Solutions, Inc. (I) 34,800 730,452
SXC Health Solutions Corp. (I) 54,997 3,013,836
 
    3,744,288
Life Sciences Tools & Services - 3.08%    
Agilent Technologies, Inc. (I) 24,600 1,101,588
Illumina, Inc. (I)(L) 26,700 1,870,869
Life Technologies Corp. (I) 15,500 812,510
Mettler-Toledo International, Inc. (I) 4,500 774,000
 
    4,558,967
Pharmaceuticals - 0.69%    
Shire PLC, ADR 11,800 1,027,780
 
    20,161,945
Industrials - 18.52%    
Aerospace & Defense - 3.11%    
BE Aerospace, Inc. (I) 84,172 2,990,631
TransDigm Group, Inc. (I) 19,300 1,617,919
 
    4,608,550
Commercial Services & Supplies - 1.00%    
Stericycle, Inc. (I) 16,700 1,480,789
Construction & Engineering - 1.18%    
Foster Wheeler AG (I) 24,700 929,214
KBR, Inc. 21,700 819,609
 
    1,748,823
Electrical Equipment - 3.24%    
Cooper Industries PLC 26,800 1,739,320
Polypore International, Inc. (I) 12,917 743,761
Rockwell Automation, Inc. 24,400 2,309,460
 
    4,792,541

 

170

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Heritage Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery - 6.69%    
AGCO Corp. (I)(L) 33,100 $ 1,819,507
Chart Industries, Inc. (I) 16,300 897,152
Cummins, Inc. 18,800 2,060,856
Deere & Company 8,200 794,498
Joy Global, Inc. 17,200 1,699,532
Meritor, Inc. (I) 26,872 456,018
The Manitowoc Company, Inc. (L) 47,900 1,048,052
Titan International, Inc. 5,051 134,407
WABCO Holdings, Inc. (I) 16,089 991,726
 
    9,901,748
Road & Rail - 1.41%    
J.B. Hunt Transport Services, Inc. 22,600 1,026,492
Kansas City Southern (I) 19,500 1,061,775
 
    2,088,267
Trading Companies & Distributors - 1.89%    
Fastenal Company (L) 33,000 2,139,390
WESCO International, Inc. (I) 10,500 656,250
 
    2,795,640
    27,416,358
Information Technology - 20.34%    
Communications Equipment - 1.48%    
Aruba Networks, Inc. (I) 23,600 798,624
F5 Networks, Inc. (I) 13,500 1,384,695
 
    2,183,319
Computers & Peripherals - 2.08%    
Apple, Inc. (I) 8,000 2,787,600
NetApp, Inc. (I) 6,000 289,080
 
    3,076,680
Electronic Equipment, Instruments & Components - 2.42%  
Amphenol Corp., Class A 17,100 930,069
Jabil Circuit, Inc. 62,100 1,268,703
Trimble Navigation, Ltd. (I) 27,500 1,389,850
 
    3,588,622
Internet Software & Services - 4.27%    
Baidu, Inc., SADR (I) 10,800 1,488,348
OpenTable, Inc. (I) 8,600 914,610
SAVVIS, Inc. (I) 21,700 804,853
VeriSign, Inc. 61,000 2,208,810
WebMD Health Corp. (I) 16,940 904,935
 
    6,321,556
IT Services - 1.82%    
Alliance Data Systems Corp. (I) 3,400 292,026
Cognizant Technology    
Solutions Corp., Class A (I) 29,600 2,409,440
 
    2,701,466
Semiconductors & Semiconductor Equipment - 4.39%  
ARM Holdings PLC 94,400 879,868
Broadcom Corp., Class A (I) 17,400 685,212
Cavium Networks, Inc. (I)(L) 35,100 1,577,043
Cypress Semiconductor Corp. (I) 41,000 794,580
OmniVision Technologies, Inc. (I) 27,000 959,310
Skyworks Solutions, Inc. (I) 27,400 888,308
Veeco Instruments, Inc. (I)(L) 14,000 711,760
 
    6,496,081
Software - 3.88%    
Check Point Software Technologies, Ltd. (I) 14,900 760,645
Citrix Systems, Inc. (I) 21,468 1,577,039
Intuit, Inc. (I) 20,000 1,062,000

 

Heritage Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS (continued)      
Software (continued)      
Salesforce.com, Inc. (I)   17,600 $ 2,351,008
 
      5,750,692
 
      30,118,416
Materials - 4.26%      
Chemicals - 1.89%      
Albemarle Corp.   34,500 2,062,065
CF Industries Holdings, Inc.   5,400 738,666
 
      2,800,731
Containers & Packaging - 1.47%      
Crown Holdings, Inc. (I)   37,500 1,446,750
Rock-Tenn Company, Class A (L)   10,500 728,175
 
      2,174,925
Metals & Mining - 0.90%      
Cliffs Natural Resources, Inc.   13,600 1,336,608
 
      6,312,264
Telecommunication Services - 2.54%      
Wireless Telecommunication Services - 2.54%    
NII Holdings, Inc. (I)   29,700 1,237,599
SBA Communications Corp., Class A (I)   63,624 2,524,600
 
      3,762,199
 
      3,762,199
Utilities - 0.64%      
Gas Utilities - 0.64%      
National Fuel Gas Company   12,800 947,200
TOTAL COMMON STOCKS (Cost $113,142,893) $ 146,166,401
 
SECURITIES LENDING COLLATERAL - 13.40%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   1,983,432 19,848,010
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $19,848,560)   $ 19,848,010
Total Investments (Heritage Trust)      
(Cost $132,991,453) - 112.11%   $ 166,014,411
Other assets and liabilities, net - (12.11%)   (17,938,616)
 
TOTAL NET ASSETS - 100.00%   $ 148,075,795
 
 
 
High Income Trust      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS - 42.33%      
Consumer Discretionary - 18.74%      
Adelphia Communications Corp.,      
Escrow Certificates      
7.750%, 01/15/2049 (I) $ 3,000,000 $ 52,500
9.875%, 03/01/2049 (I)   2,050,000 35,875
10.250%, 11/01/2049 (I)   1,025,000 17,938
Allison Transmission, Inc.      
11.000%, 11/01/2015 (S)   1,400,000 1,519,000
Allison Transmission, Inc., PIK      
11.250%, 11/01/2015 (S)   1,500,000 1,629,375
Cablevision Systems Corp.      
8.625%, 09/15/2017   1,950,000 2,169,375
Canadian Satellite Radio Holdings, Inc.      
0.180%, 09/14/2014   660,350 660,350

 

171

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

High Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Canadian Satellite Radio      
Holdings, Inc. (continued)      
1.500%, 02/14/2016 (P) $ 714,157 $ 714,157
CCH II LLC/CCH II Capital Corp.      
13.500%, 11/30/2016   500,000 598,750
Clear Channel Communications, Inc., PIK      
11.000%, 08/01/2016   2,977,027 2,768,635
Fontainebleau Las Vegas Holdings LLC, PIK    
12.500%, 06/01/2022 (H)   4,004,390 0
MTR Gaming Group, Inc.      
12.625%, 07/15/2014   2,500,000 2,662,500
 
      12,828,455
Energy - 1.59%      
Dominion Petroleum Acquisitions      
8.500%, 10/01/2011 (R)   1,079,442 1,090,763
Financials - 4.35%      
Ford Motor Credit Company LLC      
7.500%, 08/01/2012   1,225,000 1,305,726
8.125%, 01/15/2020   550,000 629,181
Realogy Corp.      
12.000%, 04/15/2017 (S)   1,000,000 1,041,250
 
      2,976,157
Industrials - 6.01%      
GOL Finance      
8.750%, (S)   2,000,000 1,945,000
Northwest Airlines, Inc., Escrow Certificates    
6.625%, 02/15/2023 (I)   15,810,000 0
7.625%, 11/15/2023 (I)   8,965,000 11,117
01/16/2017 (I)   4,640,000 0
United Air Lines, Inc.      
12.750%, 07/15/2012   1,964,160 2,160,576
 
      4,116,693
Materials - 6.87%      
NewPage Corp.      
11.375%, 12/31/2014   1,350,000 1,351,688
PE Paper Escrow GmbH      
12.000%, 08/01/2014 (S)   930,000 1,069,500
Pope & Talbot, Inc.      
8.375%, 06/01/2013 (H)   2,200,000 220
Sappi Papier Holding AG      
7.500%, 06/15/2032 (S)   2,000,000 1,820,000
Verso Paper Holdings LLC/Verso Paper, Inc.    
11.500%, 07/01/2014   419,000 457,758
 
      4,699,166
Telecommunication Services - 4.77%      
Digicel Group, Ltd.      
8.875%, 01/15/2015 (S)   865,000 900,898
Digicel, Ltd.      
8.250%, 09/01/2017 (S)   620,000 657,200
Intelsat Bermuda, Ltd.      
11.250%, 02/04/2017   1,565,000 1,709,763
 
      3,267,861
TOTAL CORPORATE BONDS (Cost $32,215,025) $ 28,979,095
 
CONVERTIBLE BONDS - 12.08%      
Consumer Discretionary - 7.36%      
Ford Motor Company      
4.250%, 11/15/2016   1,000,000 1,812,500
XM Satellite Radio, Inc.      
7.000%, 12/01/2014 (S)   2,435,000 3,226,375
 
      5,038,875

 

High Income Trust (continued)      
  Shares or   
  Principal   
  Amount  Value
 
CONVERTIBLE BONDS (continued)      
Industrials - 4.72%      
AMR Corp.      
6.250%, 10/15/2014  $ 1,400,000 $ 1,473,500
US Airways Group, Inc.      
7.250%, 05/15/2014   825,000 1,761,375
 
      3,234,875
TOTAL CONVERTIBLE BONDS (Cost $5,141,068)   $ 8,273,750
COMMON STOCKS - 6.79%      
Consumer Discretionary - 6.48%      
Hotels, Restaurants & Leisure - 1.25%      
Fontainebleau Resorts LLC, Class A (I)   68,468 $ 0
Trump Entertainment Resorts, Inc. (I)   190,620 857,790
 
      857,790
Media - 5.23%      
Canadian Satellite Radio Holdings, Inc.   397,967 1,293,034
Canadian Satellite Radio      
Holdings, Inc., Class A (I)   283,201 920,148
Vertis Holdings, Inc. (I)   69,391 1,368,391
 
      3,581,573
 
      4,439,363
Materials - 0.31%      
Containers & Packaging - 0.31%      
Smurfit-Stone Container Corp.   5,439 210,217
Telecommunication Services - 0.00%      
Diversified Telecommunication Services - 0.00%      
Muzak Holdings LLC (I)   58,550 0
TOTAL COMMON STOCKS (Cost $11,545,125)   $ 4,649,580
PREFERRED SECURITIES - 7.12%      
Financials - 5.74%      
Commercial Banks - 3.03%      
Wells Fargo & Company, Series L, 7.500%   2,003 2,073,506
Diversified Financial Services - 2.71%      
Bank of America Corp., Series L, 7.250%   1,840 1,860,222
Pliant Corp., PIK, 13.000% (I)   1,287 0
 
      1,860,222
 
      3,933,728
Industrials - 1.38%      
Airlines - 1.38%      
Continental Airlines Finance Trust II, 6.000%   25,000 942,188
TOTAL PREFERRED SECURITIES (Cost $4,156,694) $ 4,875,916
SHORT-TERM INVESTMENTS - 27.55%      
U.S. Government & Agency      
Obligations* - 17.53%      
Federal Home Loan Bank Discount Notes,      
0.001%, 04/01/2011 $  12,000,000 $ 12,000,000

 

172

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

High Income Trust (continued)    
    Shares or    
    Principal    
    Amount   Value
 
 
SHORT-TERM INVESTMENTS (continued)      
Repurchase Agreement - 10.02%        
Repurchase Agreement with State Street Corp.      
dated 03/31/2011 at 0.010% to be        
repurchased at $6,859,002 on 04/01/2011,      
collateralized by $7,070,000 Federal Home      
Loan Bank, 0.800% due 11/18/2013 (valued      
at $6,999,300, including interest) $ 6,859,000 $ 6,859,000
TOTAL SHORT-TERM INVESTMENTS (Cost $18,859,000) $ 18,859,000
Total Investments (High Income Trust)        
(Cost $71,916,912) - 95.87%     $ 65,637,341
Other assets and liabilities, net - 4.13%       2,825,605
TOTAL NET ASSETS - 100.00%     $ 68,462,946
 
 
 
 
High Yield Trust        
    Shares or    
    Principal    
    Amount   Value
 
 
FOREIGN GOVERNMENT        
OBLIGATIONS - 3.41%        
Argentina - 0.96%        
Republic of Argentina        
zero coupon 12/15/2035 (B)(I) EUR 1,880,851 $ 368,111
7.000%, 10/03/2015   221,000   207,740
7.820%, 12/31/2033 (P) EUR 491,222   527,341
8.750%, 06/02/2017 $ 1,376,830   1,409,186
 
        2,512,378
Brazil - 0.54%        
Federative Republic of Brazil        
10.000%, 01/01/2014 to 01/01/2017 BRL 2,505,000   1,419,293
 
        1,419,293
Indonesia - 0.67%        
Republic of Indonesia        
10.250%, 07/15/2022 to 07/15/2027 IDR 8,893,000,000   1,144,801
11.000%, 09/15/2025   4,629,000,000   623,451
 
        1,768,252
Russia - 0.00%        
Government of Russia        
7.500%, 03/31/2030 $ 4,325   5,041
Turkey - 0.75%        
Republic of Turkey        
6.750%, 05/30/2040   1,904,000   1,975,400
Venezuela - 0.49%        
Republic of Venezuela        
zero coupon 04/15/2020 (I)   346,000   96,015
5.750%, 02/26/2016   1,621,000   1,199,540
 
        1,295,555
TOTAL FOREIGN GOVERNMENT        
OBLIGATIONS (Cost $8,475,269)     $ 8,975,919
 
CORPORATE BONDS - 76.06%        
Consumer Discretionary - 17.60%        
Affinity Group, Inc.        
11.500%, 12/01/2016 (S)   330,000   346,500
American Greetings Corp.        
7.375%, 06/01/2016   1,837,000   1,879,999
Ameristar Casinos, Inc.        
7.500%, 04/15/2021 (S)   550,000   550,000

 

High Yield Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Bankrate, Inc.      
11.750%, 07/15/2015 (S) $ 820,000 $ 932,750
Burlington Coat Factory Warehouse Corp.      
10.000%, 02/15/2019 (S)   500,000 485,000
CityCenter Holdings LLC/CityCenter      
Finance Corp. PIK      
10.750%, 01/15/2017 (S)   1,170,000 1,208,025
DAE Aviation Holdings, Inc.      
11.250%, 08/01/2015 (S)   865,000 914,738
Directbuy Holdings, Inc.      
12.000%, 02/01/2017 (S)   520,000 395,200
DISH DBS Corp.      
7.875%, 09/01/2019   660,000 714,450
Downstream Development Authority of      
the Quapaw Tribe of Oklahoma      
12.000%, 10/15/2015 (S)   540,000 569,700
Edcon Proprietary, Ltd.      
9.500%, 03/01/2018 (S)   1,110,000 1,110,000
El Pollo Loco, Inc.      
11.750%, 12/01/2012 to 11/15/2013   1,275,000 1,208,588
Empire Today LLC/Empire Today      
Finance Corp.      
11.375%, 02/01/2017 (S)   190,000 201,400
Fontainebleau Las Vegas Holdings LLC      
10.250%, 06/15/2015 (H)(S)   3,620,000 18,100
Giraffe Acquisition Corp.      
9.125%, 12/01/2018 (S)   740,000 717,800
Harrah’s Operating Company, Inc.      
5.625%, 06/01/2015   3,409,000 2,718,678
HOA Restaurant Group / HOA      
Finance Corp.      
11.250%, 04/01/2017 (S)   390,000 397,800
Inn of The Mountain Gods Resort &      
Casino      
8.750%, 11/30/2020 (S)   3,258,000 3,200,985
Kabel BW Erste      
Beteiligungs GmbH/Kabel Baden-      
Wurttemberg G      
7.500%, 03/15/2019 (S)   240,000 246,000
LBI Media, Inc.      
9.250%, 04/15/2019 (S)   740,000 741,850
MGM Mirage, Inc.      
5.875%, 02/27/2014   840,000 802,200
MGM Resorts International      
6.625%, 07/15/2015   510,000 483,225
10.375%, 05/15/2014   420,000 480,900
Michaels Stores, Inc. (Zero Coupon Steps      
up to 13.000% on 11/01/2011)      
11/01/2016   1,940,000 1,978,800
Mohegan Tribal Gaming Authority      
7.125%, 08/15/2014   690,000 520,950
8.000%, 04/01/2012   2,600,000 2,320,500
Motors Liquidation Company      
7.200%, 01/15/2011 (H)   1,520,000 437,000
8.375%, 07/15/2033 (H)   2,005,000 596,488
NCL Corp. Ltd.      
9.500%, 11/15/2018 (S)   710,000 747,275
11.750%, 11/15/2016   390,000 450,450
Net Servicos De Comunicacao SA      
7.500%, 01/27/2020   570,000 652,650
Nielsen Finance LLC/Nielsen Finance      
Company      
7.750%, 10/15/2018 (S)   1,300,000 1,394,250
Oxford Industries, Inc.      
11.375%, 07/15/2015   1,485,000 1,659,488

 

173

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

High Yield Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Petco Animal Supplies, Inc.      
9.250%, 12/01/2018 (S) $ 680,000 $ 727,600
Pinnacle Entertainment, Inc.      
7.500%, 06/15/2015   150,000 152,625
8.750%, 05/15/2020   10,000 10,400
QVC, Inc.      
7.375%, 10/15/2020 (S)   755,000 787,088
Reynolds Group Issuer, Inc.      
8.250%, 02/15/2021 (S)   830,000 821,700
9.000%, 04/15/2019 (S)   1,080,000 1,117,800
Service Corp. International      
7.500%, 04/01/2027   800,000 760,000
Simmons Foods, Inc.      
10.500%, 11/01/2017 (S)   1,550,000 1,670,125
Snoqualmie Entertainment Authority      
4.204%, 02/01/2014 (P)(S)   240,000 217,200
9.125%, 02/01/2015 (S)   385,000 383,075
Sotheby’s      
7.750%, 06/15/2015   790,000 873,938
Standard Pacific Corp.      
8.375%, 01/15/2021 (S)   590,000 609,913
Station Casinos, Inc.      
6.000%, 04/01/2012 (H)   10,293,000 1,029
6.500%, 02/01/2014 (H)   2,340,000 234
6.625%, 03/15/2018 (H)   2,257,000 226
7.750%, 08/15/2016 (H)   5,098,000 510
Stonemor Operating LLC/Cornerstone      
Family Services      
10.250%, 12/01/2017   455,000 467,513
SuperMedia, Inc., Escrow Certificates      
8.000%, 11/15/2016 (I)   3,162,000 0
The Neiman Marcus Group, Inc.      
7.125%, 06/01/2028   5,404,000 4,944,660
Univision Communications, Inc.      
7.875%, 11/01/2020 (S)   370,000 391,275
8.500%, 05/15/2021 (S)   1,290,000 1,335,150
 
      46,353,800
Consumer Staples - 2.33%      
Alliance One International, Inc.      
10.000%, 07/15/2016   340,000 344,675
Blue Merger Sub, Inc.      
7.625%, 02/15/2019 (S)   1,190,000 1,206,363
Bumble Bee Acquisition Corp.      
9.000%, 12/15/2017 (S)   380,000 395,200
NES Rentals Holdings, Inc.      
12.250%, 04/15/2015 (S)   1,040,000 1,021,800
Viskase Companies, Inc.      
9.875%, 01/15/2018 (S)   2,940,000 3,167,850
 
      6,135,888
Energy - 12.53%      
Adaro Indonesia PT      
7.625%, 10/22/2019 (S)   1,730,000 1,911,650
Belden & Blake Corp.      
8.750%, 07/15/2012   1,201,000 1,201,000
Berry Petroleum Company      
10.250%, 06/01/2014   587,000 680,920
Chesapeake Energy Corp.      
6.625%, 08/15/2020   830,000 883,950
Cie Generale de Geophysique-Veritas      
7.750%, 05/15/2017   120,000 126,150
9.500%, 05/15/2016   490,000 546,350
Concho Resources, Inc.      
7.000%, 01/15/2021   200,000 210,500

 

High Yield Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Copano Energy Llc / Copano Energy      
Finance Corp.      
7.125%, 04/01/2021 $ 390,000 $ 394,875
Corral Petroleum Holdings AB, PIK      
2.000%, 09/18/2011 (S)   1,652,294 1,569,679
Energy Future Holdings Corp., PIK      
11.250%, 11/01/2017   494,487 409,188
Energy Future Intermediate      
Holding Company LLC      
9.750%, 10/15/2019   633,000 649,148
10.000%, 12/01/2020   2,313,000 2,448,928
Energy Transfer Equity LP      
7.500%, 10/15/2020   750,000 815,625
Enterprise Products Operating LLC      
(7.034% to 01/15/2018, then higher of      
7.034% or 3 month LIBOR + 2.680%)      
01/15/2068   1,195,000 1,239,813
Exco Resources, Inc.      
7.500%, 09/15/2018   1,410,000 1,431,150
Gulfmark Offshore, Inc.      
7.750%, 07/15/2014   380,000 387,600
Hercules Offshore, Inc.      
10.500%, 10/15/2017 (S)   1,225,000 1,255,625
James River Escrow, Inc.      
7.875%, 04/01/2019 (S)   360,000 372,600
KazMunaiGaz Finance Sub BV      
8.375%, 07/02/2013 (S)   330,000 365,871
Key Energy Services, Inc.      
6.750%, 03/01/2021   690,000 702,075
Lukoil International Finance BV      
6.356%, 06/07/2017   560,000 601,272
MarkWest Energy Partners LP/MarkWest      
Energy Finance Corp.      
6.500%, 08/15/2021   660,000 659,175
6.750%, 11/01/2020   590,000 604,750
MEG Energy Corp.      
6.500%, 03/15/2021 (S)   950,000 965,438
Murray Energy Corp.      
10.250%, 10/15/2015 (S)   880,000 946,000
Novatek Finance, Ltd.      
6.604%, 02/03/2021 (S)   530,000 555,859
Offshore Group Investments, Ltd.      
11.500%, 08/01/2015   1,210,000 1,343,100
Overseas Shipholding Group, Inc.      
8.125%, 03/30/2018   860,000 844,950
Peabody Energy Corp.      
7.875%, 11/01/2026   830,000 934,788
Petrobras International Finance Company      
6.750%, 01/27/2041   80,000 82,352
6.875%, 01/20/2040   485,000 507,698
Petroplus Finance, Ltd.      
6.750%, 05/01/2014 (S)   910,000 891,800
Precision Drilling Corp.      
6.625%, 11/15/2020 (S)   480,000 494,400
Quicksilver Resources, Inc.      
11.750%, 01/01/2016   1,310,000 1,526,150
Regency Energy Partners LP/Regency      
Energy Finance Corp.      
6.875%, 12/01/2018   660,000 702,900
SandRidge Energy, Inc.      
7.500%, 03/15/2021 (S)   1,360,000 1,411,000
Trico Shipping AS      
11.875%, 11/01/2014 (P)(S)   1,880,000 1,525,150
Venoco, Inc.      
8.875%, 02/15/2019 (S)   130,000 130,000

 

174

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

High Yield Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Whiting Petroleum Corp.      
6.500%, 10/01/2018 $ 650,000 $ 672,750
 
      33,002,229
Financials - 7.11%      
Ally Financial, Inc.      
zero coupon, 06/15/2015   1,250,000 973,438
Ashton Woods USA LLC (Zero Coupon      
steps up to 11.000% on 06/30/2012)      
06/30/2015 (S)   1,012,400 607,440
Astoria Depositor Corp., Series B      
8.144%, 05/01/2021 (S)   1,460,000 1,430,800
CCM Merger, Inc.      
8.000%, 08/01/2013 (S)   670,000 666,650
Credit Agricole SA (8.375% to      
10/13/2019, then 3 month      
LIBOR + 6.982%)      
10/13/2019 (Q)(S)   460,000 492,200
Ford Motor Credit Company LLC      
7.000%, 10/01/2013   760,000 819,832
12.000%, 05/15/2015   730,000 917,576
GMAC International Finance BV      
7.500%, 04/21/2015 EUR 530,000 793,366
ICICI Bank, Ltd. (6.375% to 04/30/2017,      
then 6 month LIBOR + 2.280%)      
04/30/2022 (S) $ 334,000 332,330
ICICI Bank, Ltd. (6.375% to 04/30/2017,      
then 6 month LIBOR + 2.280%)      
04/30/2022   277,000 276,308
International Lease Finance Corp.      
8.250%, 12/15/2020   1,940,000 2,126,725
Landry’s Holdings, Inc.      
11.500%, 06/01/2014 (S)   1,500,000 1,485,000
Leucadia National Corp.      
8.125%, 09/15/2015   600,000 663,000
Odebrecht Finance, Ltd.      
7.500%, 10/18/2017 (S)   835,000 914,325
Residential Capital LLC      
9.625%, 05/15/2015   650,000 655,688
Royal Bank of Scotland Group PLC      
(7.648% to 09/30/2031, then 3 month      
LIBOR + 2.500%)      
09/30/2031 (Q)   440,000 411,400
RSHB Capital SA for OJSC Russian      
Agricultural Bank      
6.299%, 05/15/2017   1,200,000 1,255,500
6.299%, 05/15/2017 (S)   134,000 140,365
SLM Corp.      
8.000%, 03/25/2020   160,000 174,400
TNK-BP Finance SA      
7.875%, 03/13/2018 (S)   851,000 974,395
UPCB Finance III, Ltd.      
6.625%, 07/01/2020 (S)   1,250,000 1,225,000
Wind Acquisition Holdings Finance SA,      
PIK      
12.250%, 07/15/2017 (S)   1,144,179 1,384,457
 
      18,720,195
Health Care - 5.10%      
American Renal Holdings Company, Inc.      
8.375%, 05/15/2018   480,000 506,400
9.750%, 03/01/2016 (S)   980,000 967,750
Biomet, Inc., PIK      
10.375%, 10/15/2017   149,000 163,714

 

High Yield Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Health Care (continued)      
CRC Health Corp.      
10.750%, 02/01/2016 $ 7,310,000 $ 7,401,356
Fresenius US Finance II, Inc.      
9.000%, 07/15/2015 (S)   955,000 1,094,669
Giant Funding Corp.      
8.250%, 02/01/2018 (S)   650,000 667,063
HCA Holdings, Inc.      
7.750%, 05/15/2021 (S)   1,750,000 1,824,375
Tenet Healthcare Corp.      
6.875%, 11/15/2031   230,000 190,613
Vanguard Health Holding      
Company II LLC      
8.000%, 02/01/2018   210,000 214,988
Vanguard Health Systems, Inc.      
zero coupon, 02/01/2016 (S)   620,000 393,700
 
      13,424,628
Industrials - 10.59%      
Abengoa Finance SAU      
8.875%, 11/01/2017 (S)   630,000 628,425
ACCO Brands Corp.      
10.625%, 03/15/2015   945,000 1,065,488
Acquisition Co Lanza Parent      
10.000%, 06/01/2017 (S)   560,000 617,400
Aguila 3 SA      
7.875%, 01/31/2018 (S)   300,000 306,000
American Airlines Pass Through Trust      
7.000%, 01/31/2018 (S)   440,000 426,800
American Reprographics Company      
10.500%, 12/15/2016 (S)   600,000 649,500
Ardagh Packaging Finance PLC      
7.375%, 10/15/2017 (S) EUR 290,000 420,235
9.125%, 10/15/2020 (S) $ 750,000 811,875
Ashtead Holdings PLC      
8.625%, 08/01/2015 (S)   20,000 20,875
Continental Airlines, Inc.      
6.750%, 09/15/2015 (S)   510,000 514,463
7.339%, 04/19/2014   563,078 560,263
Delta Air Lines, Inc.      
8.021%, 08/10/2022   451,722 466,402
9.750%, 12/17/2016   901,795 955,902
FGI Operating Company, Inc.      
10.250%, 08/01/2015   795,000 847,669
Florida East Coast Holdings Corp., PIK      
10.500%, 08/01/2017 (S)   1,180,000 1,206,550
Florida East Coast Railway Corp.      
8.125%, 02/01/2017 (S)   910,000 949,813
Griffon Corp.      
7.125%, 04/01/2018 (S)   180,000 183,150
H&E Equipment Services, Inc.      
8.375%, 07/15/2016   490,000 515,113
Hapag-Lloyd AG      
9.750%, 10/15/2017 (S)   1,360,000 1,458,600
Hertz Holdings Netherlands BV      
8.500%, 07/31/2015 (S) EUR 360,000 548,456
Huntington Ingalls Industries, Inc.      
6.875%, 03/15/2018 (S) $ 430,000 448,813
7.125%, 03/15/2021 (S)   430,000 448,275
Interactive Data Corp.      
10.250%, 08/01/2018 (S)   520,000 583,700
Kansas City Southern de      
Mexico SA de CV      
6.625%, 12/15/2020 (S)   1,400,000 1,428,000
8.000%, 02/01/2018   1,090,000 1,188,100

 

175

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

High Yield Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Kratos Defense & Security Solutions, Inc.      
10.000%, 06/01/2017 $ 550,000 $ 606,375
Navios Maritime      
Acquisition Corp./Navios Acquisition      
Finance      
8.625%, 11/01/2017   1,170,000 1,210,950
Navios Maritime Holdings, Inc./Navios      
Maritime Finance II U.S., Inc.      
8.125%, 02/15/2019 (S)   420,000 423,150
Odebrecht Finance, Ltd.      
6.000%, 04/05/2023 (S)   1,060,000 1,049,400
Quality Distribution LLC/QD      
Capital Corp.      
9.875%, 11/01/2018 (S)   1,450,000 1,504,375
RailAmerica, Inc.      
9.250%, 07/01/2017   936,000 1,035,450
Rearden G Holdings EINS GmbH      
7.875%, 03/30/2020 (S)   250,000 271,250
RSC Equipment Rental, Inc./RSC      
Holdings III LLC      
8.250%, 02/01/2021 (S)   400,000 416,000
Syncreon Global Ireland Ltd./Syncreon      
Global Finance US, Inc.      
9.500%, 05/01/2018 (S)   2,880,000 2,980,800
Wyle Services Corp.      
10.500%, 04/01/2018 (S)   1,065,000 1,136,888
 
      27,884,505
Information Technology - 2.52%      
CDW LLC/CDW Finance Corp.      
11.000%, 10/12/2015   310,000 336,350
CDW LLC/CDW Finance Corp., PIK      
11.500%, 10/12/2015   410,000 442,800
First Data Corp.      
7.375%, 06/15/2019 (S)   460,000 469,775
11.250%, 03/31/2016   2,150,000 2,141,938
First Data Corp., PIK      
10.550%, 09/24/2015   10,681 11,068
Freescale Semiconductor, Inc.      
10.125%, 12/15/2016   700,000 743,750
MEMC Electronic Materials, Inc.      
7.750%, 04/01/2019 (S)   550,000 563,063
NXP BV/NXP Funding LLC      
9.750%, 08/01/2018 (S)   1,730,000 1,937,600
 
      6,646,344
Materials - 6.31%      
Appleton Papers, Inc.      
11.250%, 12/15/2015   1,197,000 1,161,090
Atkore International, Inc.      
9.875%, 01/01/2018 (S)   550,000 587,125
CF Industries, Inc.      
6.875%, 05/01/2018   340,000 381,650
7.125%, 05/01/2020   250,000 283,750
Evraz Group SA      
8.875%, 04/24/2013 (S)   180,000 197,766
8.875%, 04/24/2013   990,000 1,087,763
Evraz Group Sa      
9.500%, 04/24/2018   100,000 117,188
FMG Resources August 2006 Pty, Ltd.      
6.375%, 02/01/2016 (S)   50,000 50,375
7.000%, 11/01/2015 (S)   360,000 373,500
Georgia Gulf Corp.      
9.000%, 01/15/2017 (S)   800,000 876,000

 

High Yield Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials (continued)      
GTL Trade Finance, Inc.      
7.250%, 10/20/2017 $ 760,000 $ 850,410
Hexion US Finance Corp./Hexion Nova      
Scotia Finance ULC      
9.000%, 11/15/2020 (S)   420,000 435,488
Ineos Finance PLC      
9.000%, 05/15/2015 (S)   530,000 578,363
Kerling PLC      
10.625%, 02/01/2017 (S) EUR 553,000 854,245
Lyondell Chemical Company      
11.000%, 05/01/2018 $ 438,866 492,627
Midwest Vanadium Pty, Ltd.      
11.500%, 02/15/2018 (S)   1,740,000 1,794,375
NewPage Corp.      
11.375%, 12/31/2014   1,320,000 1,321,650
Novelis, Inc.      
8.750%, 12/15/2020 (S)   1,040,000 1,144,000
Ryerson Holding Corp.      
zero coupon, 02/01/2015   3,550,000 1,872,625
TPC Group LLC      
8.250%, 10/01/2017 (S)   400,000 423,000
Vale Overseas, Ltd.      
6.875%, 11/21/2036   100,000 106,407
8.250%, 01/17/2034   364,000 442,908
Vedanta Resources PLC      
8.750%, 01/15/2014 (S)   570,000 607,763
Verso Paper      
Holdings LLC/Verso Paper, Inc.      
8.750%, 02/01/2019 (S)   440,000 457,600
11.500%, 07/01/2014   95,000 103,788
 
      16,601,456
Telecommunication Services - 7.99%      
Axtel SAB de CV      
7.625%, 02/01/2017 (S)   1,160,000 1,090,400
9.000%, 09/22/2019   98,000 94,080
Buccaneer Merger Sub, Inc.      
9.125%, 01/15/2019 (S)   950,000 1,007,000
Cengage Learning Acquisitions, Inc.      
10.500%, 01/15/2015 (S)   40,000 40,800
13.250%, 07/15/2015 (S)   1,580,000 1,659,000
Cincinnati Bell Telephone Company LLC      
6.300%, 12/01/2028   810,000 648,000
CMP Susquehanna Corp.      
9.875%, 05/15/2014   221,000 156,338
Cogent Communications Group, Inc.      
8.375%, 02/15/2018 (S)   850,000 876,563
Inmarsat Finance PLC      
7.375%, 12/01/2017 (S)   1,150,000 1,213,250
Intelsat Jackson Holdings SA      
7.250%, 04/01/2019 (S)   1,300,000 1,301,625
Level 3 Financing, Inc.      
10.000%, 02/01/2018   560,000 560,700
MetroPCS Wireless, Inc.      
7.875%, 09/01/2018   480,000 513,600
Primus Telecommunications IHC, Inc.,      
PIK      
14.250%, 05/20/2013   170,000 171,700
Sprint Capital Corp.      
8.750%, 03/15/2032   4,725,000 5,026,219
Sunrise Communications Holdings SA      
8.500%, 12/31/2018 (S) EUR 125,000 187,779
True Move Company, Ltd.      
10.375%, 08/01/2014 (S) $ 100,000 108,000
10.750%, 12/16/2013 (S)   1,074,000 1,162,605

 

176

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

High Yield Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
True Move Company, Ltd. (continued)      
10.750%, 12/16/2013 $ 800,000 $ 866,000
UBS Luxembourg SA for OJSC Vimpel      
Communications      
8.250%, 05/23/2016   1,247,000 1,381,053
West Corp.      
7.875%, 01/15/2019 (S)   980,000 998,375
8.625%, 10/01/2018 (S)   670,000 705,175
Wind Acquisition Finance SA      
7.250%, 02/15/2018 (S)   330,000 344,850
Windstream Corp.      
7.500%, 04/01/2023 (S)   850,000 837,250
7.750%, 10/01/2021 (S)   90,000 91,463
 
      21,041,825
Utilities - 3.98%      
AES Ironwood LLC      
8.857%, 11/30/2025   400,975 397,967
Calpine Corp.      
7.875%, 07/31/2020 to 01/15/2023 (S)   2,540,000 2,644,750
Colbun SA      
6.000%, 01/21/2020 (S)   330,000 337,885
Edison Mission Energy      
7.625%, 05/15/2027   1,670,000 1,244,150
Foresight Energy LLC/Foresight      
Energy Corp.      
9.625%, 08/15/2017 (S)   890,000 957,863
Mirant Americas Generation LLC      
9.125%, 05/01/2031   310,000 320,075
Mirant Mid Atlantic LLC      
10.060%, 12/30/2028   3,039,799 3,434,972
Sithe/independence Funding Corp.      
9.000%, 12/30/2013   1,118,070 1,141,762
 
      10,479,424
TOTAL CORPORATE BONDS (Cost $207,102,302) $ 200,290,294
 
CAPITAL PREFERRED SECURITIES - 1.38%    
Financials - 1.38%      
ING Capital Funding Trust III      
3.907%, (P)(Q)   220,000 213,307
Metlife Capital Trust IV      
7.875%, 12/15/2037 (S)   290,000 311,750
Santander Finance Preferred SA      
Unipersonal (10.500% until      
09/29/2014, then 3 month      
LIBOR + 7.673%)      
09/29/2014 (Q)   2,490,000 2,815,899
The Dai-Ichi Life Insurance      
Company, Ltd.      
7.250%, (P)(S)   300,000 295,922
 
      3,636,878
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $3,515,016)   $ 3,636,878
 
CONVERTIBLE BONDS - 1.72%      
Energy - 0.03%      
James River Coal Company      
3.125%, 03/15/2018 (S) $ 60,000 $ 63,273
Financials - 1.11%      
Realogy Corp.      
11.000%, 04/15/2018 (S)   2,690,000 2,932,100

 

High Yield Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CONVERTIBLE BONDS (continued)      
Industrials - 0.44%      
Horizon Lines, Inc.      
4.250%, 08/15/2012 $ 1,495,000 $ 1,162,363
Materials - 0.14%      
Hercules, Inc.      
6.500%, 06/30/2029   460,000 362,825
TOTAL CONVERTIBLE BONDS (Cost $3,995,064) $ 4,520,561
 
TERM LOANS (M) - 2.25%      
Consumer Discretionary - 0.09%      
CityCenter Holdings LLC      
7.500%, 01/14/2014   230,000 231,629
Simmons Holdco, Inc., PIK      
7.540%, 02/15/2012   3,958,740 9,897
 
      241,526
Financials - 0.41%      
Realogy Corp.      
13.500%, 10/15/2017   1,000,000 1,082,500
Industrials - 0.32%      
Hawker Beechcraft Acquisition      
Company LLC      
2.234%, 03/26/2014   414,172 363,695
IASIS Healthcare LLC/IASIS      
Capital Corp.      
5.538%, 06/15/2014   490,938 484,489
 
      848,184
Telecommunication Services - 0.97%      
Vodafone Group PLC      
6.875%, 08/31/2015   2,540,000 2,552,700
Utilities - 0.46%      
NRG Energy, Inc.      
2.033%, 02/01/2013   124,374 123,460
3.539%, 08/31/2015   493,559 494,793
3.552%, 08/31/2015   587,971 590,176
 
      1,208,429
TOTAL TERM LOANS (Cost $9,522,527)   $ 5,933,339
 
COMMON STOCKS - 3.00%      
Consumer Discretionary - 1.50%      
Charter Communications, Inc., Class A (I)   73,972 $ 3,745,202
Citadel Broadcasting Corp., Class A (I)   2,881 98,674
Tropicana Entertainment LLC (I)   7,500 93,750
 
      3,937,626
Energy - 0.25%      
SemGroup Corp., Class A (I)   23,610 664,858
Financials - 0.57%      
KCAD Holdings, Ltd.   124,228,562 1,507,514
Industrials - 0.17%      
Nortek, Inc. (I)   10,171 437,353
Materials - 0.49%      
LyondellBasell Industries, Class A (I)   32,672 1,292,178
Telecommunication Services - 0.02%      
Maxcom Telecomunicaciones SAB      
de CV ADR (I)   13,302 44,562
Viatel Holdings Bermuda, Ltd. (I)   38 10
XO Holdings, Inc. (I)   5,320 3,990
 
      48,562
TOTAL COMMON STOCKS (Cost $10,608,466) $ 7,888,091

 

177

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

High Yield Trust (continued)      
  Shares or   
  Principal   
  Amount  Value
 
 
PREFERRED SECURITIES - 4.65%      
Consumer Discretionary - 0.04%      
Tropicana Las Vegas Resort      
& Casino LLC (I)   2,110 $ 105,500
Financials - 4.61%      
Ally Financial, Inc., 8.500%   975 24,258
Banesto Holdings, Ltd.,      
Series A, 10.500% (S) 93,000 2,330,813
Bank of America Corp., Series L, 7.250%   4,220 4,266,378
Citigroup Capital XII (8.500% to      
3/30/2015, then      
3 month LIBOR + 5.870%) 62,875 1,655,499
Citigroup Capital XIII (7.875% to      
10/30/2015, then      
3 month LIBOR + 6.370%) 31,275 856,935
GMAC Capital Trust I (8.125% to      
02/15/2016, then      
3 month LIBOR + 5.785%) 117,600 2,998,800
 
      12,132,683
Information Technology - 0.00%      
CMP Susquehanna Radio      
Holdings Corp., Series A (I)(S) 51,586 0
TOTAL PREFERRED SECURITIES (Cost $12,029,125) $ 12,238,183
 
WARRANTS - 0.21%      
Buffets Restaurants Holdings, Inc.      
(Expiration Date: 04/28/2014; Strike      
Price: $12.00) (I)   6,339 0
Charter Communications, Inc., Class A      
(Expiration Date: 11/30/2014; Strike      
Price: $51.28) (I)   6,978 71,525
CMP Susquehanna Radio Holdings Corp.      
(Expiration Date: 03/26/2019; Strike      
Price: $0.01) (I) 58,949 0
Muzak Holdings LLC (Strike      
Price: $25.00) (I)   8,366 0
Nortek, Inc. (Expiration Date:      
12/17/2014; Strike Price: $52.80) (I) 14,700 119,070
SemGroup Corp., Class A (Expiration      
Date: 11/30/2014; Strike      
Price $25.00) (I) 35,326 353,260
TOTAL WARRANTS (Cost $889,943)   $ 543,855
 
SHORT-TERM INVESTMENTS - 2.58%      
U.S. Government & Agency      
Obligations* - 0.07%      
Federal National Mortgage Association      
Discount Notes,      
0.2400% 05/09/2011 (F) $  200,000 $ 199,949
Repurchase Agreement - 2.51%      
Deutsche Bank Tri-Party Repurchase      
Agreement dated 03/31/2011 at 0.150%      
to be repurchased at $6,600,028 on      
04/01/2011, collateralized by Federal      
Home Loan Mortgage Corp., 3.500%      
due 08/17/2020 (valued at $6,732,000,      
including interest) 6,600,000 6,600,000
TOTAL SHORT-TERM INVESTMENTS (Cost $6,799,949) $ 6,799,949
Total Investments (High Yield Trust)      
(Cost $262,937,661) - 95.26%   $ 250,827,069
Other assets and liabilities, net - 4.74%     12,491,879
TOTAL NET ASSETS - 100.00%   $ 263,318,948
 

 

Income Trust      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS - 41.72%      
Consumer Discretionary - 4.40%      
Cablevision Systems Corp.      
7.750%, 04/15/2018 $ 2,000,000 $ 2,160,000
8.000%, 04/15/2020   2,000,000 2,180,000
Caesars Entertainment Operating      
Company, Inc.      
11.250%, 06/01/2017   450,000 511,313
CCH II LLC/CCH II Capital Corp.      
13.500%, 11/30/2016   4,766,957 5,708,431
Cequel Communications      
Holdings I LLC/Cequel Capital Corp.      
8.625%, 11/15/2017 (S)   1,000,000 1,042,500
CityCenter Holdings LLC/CityCenter      
Finance Corp.      
7.625%, 01/15/2016 (S)   700,000 722,750
CityCenter Holdings LLC/CityCenter      
Finance Corp. PIK      
10.750%, 01/15/2017 (S)   1,200,000 1,239,000
Clear Channel Worldwide Holdings, Inc.,      
Series B      
9.250%, 12/15/2017   800,000 877,000
KB Home      
5.750%, 02/01/2014   700,000 707,000
MGM Resorts International      
6.750%, 04/01/2013   500,000 503,750
10.000%, 11/01/2016 (S)   1,500,000 1,578,750
SuperMedia, Inc., Escrow Certificates      
12/01/2020 (I)   651,025 0
The Hertz Corp.      
8.875%, 01/01/2014   1,470,000 1,506,750
Visant Corp.      
10.000%, 10/01/2017   1,900,000 2,052,000
 
      20,789,244
Consumer Staples - 1.29%      
Ceridian Corp.      
11.250%, 11/15/2015   2,500,000 2,600,000
Dean Foods Company      
9.750%, 12/15/2018 (S)   1,000,000 1,026,250
JBS USA LLC/JBS USA Finance, Inc.      
11.625%, 05/01/2014   1,000,000 1,160,000
SUPERVALU, Inc.      
8.000%, 05/01/2016   1,300,000 1,300,000
 
      6,086,250
Energy - 8.34%      
Antero Resources Finance Corp.      
9.375%, 12/01/2017   750,000 817,500
ATP Oil & Gas Corp.      
11.875%, 05/01/2015   1,400,000 1,470,000
Chesapeake Energy Corp.      
6.875%, 08/15/2018 to 11/15/2020   1,900,000 2,064,000
7.250%, 12/15/2018   2,000,000 2,235,000
9.500%, 02/15/2015   2,600,000 3,224,000
Consol Energy Inc.      
8.250%, 04/01/2020   1,400,000 1,552,250
El Paso Corp.      
7.750%, 01/15/2032   300,000 335,956
Energy Transfer Equity LP      
7.500%, 10/15/2020   1,200,000 1,305,000
Energy XXI Gulf Coast, Inc.      
9.250%, 12/15/2017 (S)   1,000,000 1,070,000
Expro Finance Luxembourg Sca      
8.500%, 12/15/2016 (S)   1,000,000 990,000
Holly Corp.      
9.875%, 06/15/2017   2,000,000 2,260,000

 

178

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Income Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Linn Energy LLC/Linn Energy      
Finance Corp.      
8.625%, 04/15/2020 (S) $ 1,700,000 $ 1,887,000
Petrohawk Energy Corp.      
7.875%, 06/01/2015   4,000,000 4,240,000
Petroplus Finance, Ltd.      
6.750%, 05/01/2014 (S)   500,000 490,000
7.000%, 05/01/2017 (S)   500,000 475,000
Pioneer Natural Resources Company      
6.875%, 05/01/2018   1,100,000 1,192,930
Plains Exploration & Production      
Company      
7.750%, 06/15/2015   1,500,000 1,565,625
Sabine Pass LNG LP      
7.250%, 11/30/2013   1,000,000 1,022,500
7.500%, 11/30/2016   800,000 822,000
SandRidge Energy, Inc.      
8.000%, 06/01/2018 (S)   3,000,000 3,142,500
9.875%, 05/15/2016 (S)   1,200,000 1,332,000
SESI LLC      
6.875%, 06/01/2014   1,000,000 1,020,000
W&T Offshore, Inc.      
8.250%, 06/15/2014 (S)   2,000,000 2,070,000
Western Refining, Inc.      
11.250%, 06/15/2017 (S)   2,500,000 2,825,000
 
      39,408,261
Financials - 9.10%      
Bank of America Corp., (8.125% to      
05/15/2018, then 3 month      
LIBOR + 3.640%)      
,05/15/2018 (Q)   1,500,000 1,613,055
CIT Group, Inc.      
7.000%, 05/01/2015 to 05/01/2017   17,200,000 17,268,000
Ford Motor Credit Company LLC      
7.000%, 04/15/2015   4,000,000 4,323,616
8.000%, 06/01/2014   2,000,000 2,222,482
12.000%, 05/15/2015   1,300,000 1,634,040
Host Hotels & Resorts LP      
9.000%, 05/15/2017   600,000 676,500
International Lease Finance Corp.      
7.125%, 09/01/2018 (S)   1,400,000 1,504,300
8.875%, 09/15/2015 (S)   700,000 770,000
iStar Financial, Inc.      
8.625%, 06/01/2013   2,750,000 2,791,250
JPMorgan Chase & Company, Series 1      
(7.900% to 04/30/2018, then 3 month      
LIBOR + 3.470%)      
04/30/2018 (Q)   7,500,000 8,205,820
UPCB Finance III, Ltd.      
6.625%, 07/01/2020 (S)   2,000,000 1,960,000
 
      42,969,063
Health Care - 5.44%      
Community Health Systems, Inc.      
8.875%, 07/15/2015   3,500,000 3,692,500
Giant Funding Corp.      
8.250%, 02/01/2018 (S)   600,000 615,750
HCA Holdings, Inc.      
7.750%, 05/15/2021 (S)   1,000,000 1,042,500
HCA, Inc.      
6.500%, 02/15/2016   2,200,000 2,238,500
8.500%, 04/15/2019   3,500,000 3,885,000
9.250%, 11/15/2016   4,000,000 4,305,000

 

Income Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Health Care (continued)      
Mylan, Inc.      
6.000%, 11/15/2018 (S) $ 1,000,000 $ 1,000,000
Tenet Healthcare Corp.      
8.000%, 08/01/2020   400,000 417,000
9.250%, 02/01/2015   3,500,000 3,854,375
10.000%, 05/01/2018   3,250,000 3,806,563
Vanguard Health Holding      
Company II LLC/Vanguard Holding      
Company II, Inc.      
7.750%, 02/01/2019 (S)   500,000 506,250
Vanguard Health Systems, Inc.      
Zero Coupon 02/01/2016 (S)   500,000 317,500
 
      25,680,938
Industrials - 3.03%      
Abengoa Finance SAU      
8.875%, 11/01/2017 (S)   1,200,000 1,197,000
American Airlines, Inc.      
7.500%, 03/15/2016 (S)   2,500,000 2,471,875
CEVA Group PLC      
8.375%, 12/01/2017 (S)   900,000 918,000
11.500%, 04/01/2018 (S)   2,200,000 2,389,750
RBS Global, Inc.      
11.750%, 08/01/2016   1,000,000 1,072,500
RBS Global, Inc./Rexnord LLC      
8.500%, 05/01/2018   1,200,000 1,296,000
Terex Corp.      
8.000%, 11/15/2017   3,000,000 3,161,250
The Manitowoc Company, Inc.      
9.500%, 02/15/2018   800,000 884,000
United Rentals North America, Inc.      
8.375%, 09/15/2020   900,000 940,500
 
      14,330,875
Information Technology - 4.10%      
CDW LLC/CDW Finance Corp.      
12.535%, 10/12/2017   750,000 804,375
First Data Corp.      
8.250%, 01/15/2021 (S)   2,500,000 2,493,750
9.875%, 09/24/2015   199,000 203,975
11.250%, 03/31/2016   1,400,000 1,394,750
12.625%, 01/15/2021 (S)   3,005,000 3,260,425
First Data Corp., PIK      
8.750%, 01/15/2022 (S)   1,504,000 1,496,480
Freescale Semiconductor, Inc.      
10.125%, 12/15/2016   3,250,000 3,453,125
10.750%, 08/01/2020 (S)   2,500,000 2,806,250
Sanmina-SCI Corp.      
6.750%, 03/01/2013   200,000 200,000
8.125%, 03/01/2016   500,000 517,500
SunGard Data Systems, Inc.      
10.625%, 05/15/2015   2,500,000 2,740,625
 
      19,371,255
Materials - 0.96%      
Berry Plastics Corp.      
9.750%, 01/15/2021 (S)   700,000 693,000
FMG Resources August 2006 Pty, Ltd.      
6.875%, 02/01/2018 (S)   1,000,000 1,042,500
7.000%, 11/01/2015 (S)   500,000 518,750
Ineos Group Holdings PLC      
7.875%, 02/15/2016 (S) EUR 1,650,000 2,285,766
 
      4,540,016

 

179

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Income Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telecommunication Services - 0.92%      
Clearwire Communications LLC      
12.000%, 12/01/2015 (S) $ 700,000 $ 756,000
Cricket Communications, Inc.      
7.750%, 10/15/2020   2,500,000 2,518,750
Frontier Communications Corp.      
8.250%, 04/15/2017   500,000 540,000
8.500%, 04/15/2020   500,000 541,875
 
      4,356,625
Utilities - 4.14%      
Calpine Construction Finance      
Company LP      
8.000%, 06/01/2016 (S)   1,000,000 1,090,000
Calpine Corp.      
7.500%, 02/15/2021 (S)   1,000,000 1,035,000
7.875%, 07/31/2020 (S)   800,000 850,000
Dynegy Holdings, Inc.      
7.500%, 06/01/2015   1,220,000 1,026,325
7.750%, 06/01/2019   1,000,000 776,250
8.375%, 05/01/2016   4,000,000 3,350,000
Dynegy-Roseton Danskammer, Series B      
7.670%, 11/08/2016   550,000 519,750
Intergen NV      
9.000%, 06/30/2017 (S)   1,000,000 1,077,500
Public Service Company of New Mexico      
7.950%, 05/15/2018   1,300,000 1,459,253
RRI Energy, Inc.      
7.625%, 06/15/2014   900,000 931,500
7.875%, 06/15/2017   400,000 397,000
Texas Competitive Electric Holdings      
Company LLC      
15.000%, 04/01/2021 (S)   2,030,000 1,674,750
Texas Competitive Electric Holdings      
Company LLC, PIK      
10.500%, 11/01/2016   140,626 81,563
Texas Competitive Electric Holdings      
Company LLC, Series A      
10.250%, 11/01/2015   9,000,000 5,265,000
 
      19,533,891
TOTAL CORPORATE BONDS (Cost $182,915,281) $ 197,066,418
 
CAPITAL PREFERRED SECURITIES - 1.31%    
Financials - 1.31%      
Wells Fargo Capital XIII (7.700% to      
03/26/2013, then 3 month      
US LIBOR + 3.890%) 03/26/2013 (Q)   900,000 927,000
Wells Fargo Capital XV (9.750% to      
09/26/2013, then 3 month      
LIBOR + 5.830%) 09/26/2013 (Q)   4,800,000 5,268,000
 
      6,195,000
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $4,706,452)   $ 6,195,000
 
CONVERTIBLE BONDS - 1.07%      
Financials - 0.55%      
CapitalSource, Inc.      
4.000%, 07/15/2034 $ 1,500,000 $ 1,503,750
iStar Financial, Inc.      
0.803%, 10/01/2012 (P)   1,200,000 1,095,000
 
      2,598,750
Information Technology - 0.05%      
Advanced Micro Devices, Inc.      
6.000%, 05/01/2015   238,000 245,438

 

Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CONVERTIBLE BONDS (continued)      
Materials - 0.47%      
Cemex SAB de CV      
3.250%, 03/15/2016 (S) $ 1,350,000 $ 1,385,438
3.750%, 03/15/2018 (S)   805,000 836,194
 
      2,221,632
TOTAL CONVERTIBLE BONDS (Cost $4,998,336) $ 5,065,820
 
MUNICIPAL BONDS - 0.32%      
California - 0.32%      
State of California      
7.950%, 03/01/2036   1,400,000 1,504,664
TOTAL MUNICIPAL BONDS (Cost $1,401,652) $ 1,504,664
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 0.40%      
Financials - 0.40%      
Banc of America Large Loan, Inc.,      
Series 2010-HLTN, Class HLTN      
2.005%, 11/15/2015 (P)(S)   1,968,554 1,861,031
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $1,743,192)   $ 1,861,031
 
TERM LOANS (M) - 4.20%      
Consumer Discretionary - 0.65%      
Allison Transmission, Inc.      
3.010%, 08/07/2014   2,773,938 2,748,279
SuperMedia, Inc.      
11.000%, 12/31/2015   521,251 344,895
 
      3,093,174
Consumer Staples - 0.20%      
U.S. Investigations Services, Inc.      
3.059%, 02/21/2015   945,094 934,855
Information Technology - 0.76%      
First Data Corp.      
5.446%, 09/24/2014   3,731,849 3,571,658
Telecommunication Services - 0.84%      
Clear Channel Communications      
3.896%, 11/13/2015   4,490,422 3,948,455
Utilities - 1.75%      
Texas Competitive Electric      
Holdings Company LLC      
3.761%, 10/10/2014   6,961,949 5,831,890
3.785%, 10/10/2014   2,912,273 2,450,989
 
      8,282,879
TOTAL TERM LOANS (Cost $20,121,493) $ 19,831,021
 
COMMON STOCKS - 41.44%      
Consumer Discretionary - 0.89%      
 
Media      
Charter Communications, Inc., Class A   9,394 $ 475,618
Comcast Corp., Class A   67,000 1,656,240
Dex One Corp. (I)   99,669 482,398
 
      2,614,256
 
Multiline Retail      
Target Corp.   10,000 500,100
 
Specialty Retail      
Home Depot, Inc.   29,800 1,104,388
 
      4,218,744

 

180

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Income Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
Specialty Retail (continued)    
Consumer Staples - 1.05%    
 
Beverages    
Diageo PLC 125,000 $ 2,379,048
PepsiCo, Inc. 40,000 2,576,400
 
    4,955,448
    4,955,448
Energy - 7.83%    
 
Energy Equipment & Services    
Baker Hughes, Inc. 30,000 2,202,900
Schlumberger, Ltd. 20,000 1,865,200
Weatherford International, Ltd. (I) 70,000 1,582,000
 
    5,650,100
 
Oil, Gas & Consumable Fuels    
BP PLC, SADR 70,000 3,089,800
Callon Petroleum Company (I)(L) 56,247 437,039
Canadian Oil Sands, Ltd. (I) 190,000 6,402,579
Chesapeake Energy Corp. 50,000 1,676,000
Chevron Corp. 15,000 1,611,450
ConocoPhillips 100,000 7,986,000
Exxon Mobil Corp. 75,000 6,309,750
Spectra Energy Corp. 140,000 3,805,200
 
    31,317,818
 
    36,967,918
Financials - 5.74%    
 
Commercial Banks    
Banco Santander SA (I) 126,923 1,479,245
Barclays PLC 150,000 672,908
CIT Group, Inc. (I) 25,000 1,063,750
HSBC Holdings PLC 250,000 2,570,816
M&T Bank Corp. (L) 22,500 1,990,575
Wells Fargo & Company 174,800 5,541,160
 
    13,318,454
 
Diversified Financial Services    
Bank of America Corp. 375,000 4,998,750
Citigroup, Inc. (I) 514,306 2,273,233
JPMorgan Chase & Company 120,000 5,532,000
 
    12,803,983
 
Real Estate Investment Trusts    
Westfield Retail Trust (I) 364,900 988,306
 
    27,110,743
Health Care - 4.61%    
 
Pharmaceuticals    
Johnson & Johnson 80,000 4,740,000
Merck & Company, Inc. 230,000 7,592,300
Pfizer, Inc. 200,000 4,062,000
Roche Holdings AG 37,500 5,356,554
 
    21,750,854
    21,750,854

 

Income Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
Pharmaceuticals (continued)    
Industrials - 0.53%    
 
Industrial Conglomerates    
General Electric Company 125,000 $ 2,506,250
Information Technology - 1.79%    
 
Office Electronics    
Xerox Corp. 150,000 1,597,500
 
Semiconductors & Semiconductor Equipment    
Intel Corp. 200,000 4,034,000
Maxim Integrated Products, Inc. (L) 110,000 2,816,000
 
    6,850,000
 
    8,447,500
Materials - 1.53%    
 
Metals & Mining    
Barrick Gold Corp. 52,600 2,730,466
Newmont Mining Corp. 70,000 3,820,600
Nucor Corp. 15,000 690,300
 
    7,241,366
 
    7,241,366
Telecommunication Services - 3.34%    
 
Diversified Telecommunication Services    
AT&T, Inc. 160,000 4,896,000
CenturyLink, Inc. (L) 30,000 1,246,500
Frontier Communications Corp. (L) 69,203 568,849
Telstra Corp., Ltd. 500,000 1,457,507
Verizon Communications, Inc. 80,000 3,083,200
 
    11,252,056
 
Wireless Telecommunication Services    
Vodafone Group PLC 1,600,000 4,530,258
 
    15,782,314
Utilities - 14.13%    
 
Electric Utilities    
American Electric Power Company, Inc. 110,100 3,868,914
Duke Energy Corp. (L) 260,000 4,719,000
Entergy Corp. 40,000 2,688,400
FirstEnergy Corp. 40,000 1,483,600
Nextera Energy, Inc. 90,000 4,960,800
Pinnacle West Capital Corp. 65,000 2,781,350
PPL Corp. (I) 35,500 898,150
Progress Energy, Inc. (I) 100,000 4,614,000
Southern Company (L) 190,000 7,240,900
 
    33,255,114
 
Gas Utilities    
AGL Resources, Inc. 50,000 1,992,000
 
Independent Power Producers & Energy Traders    
Dynegy, Inc. 30,000 170,700
 
Multi-Utilities    
CenterPoint Energy, Inc. 90,000 1,580,400
Consolidated Edison, Inc. (L) 60,000 3,043,200
Dominion Resources, Inc. (L) 90,000 4,023,000
NiSource, Inc. (L) 30,000 575,400
PG&E Corp. 135,000 5,964,300
Public Service Enterprise Group, Inc. 150,000 4,726,500
Sempra Energy (I) 70,000 3,745,000
TECO Energy, Inc. 180,000 3,376,800

 

181

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Income Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
Multi-Utilities (continued)    
Xcel Energy, Inc. 180,000 $ 4,300,200
    31,334,800
    66,752,614
TOTAL COMMON STOCKS (Cost $194,047,073) $ 195,733,751
 
PREFERRED SECURITIES - 6.66%    
Consumer Discretionary - 0.36%    
Automobiles - 0.36%    
General Motors Company,    
Series B, 4.750% 23,600 1,137,520
Motors Liquidation Company,    
Series C, 6.250% 85,000 584,375
 
    1,721,895
    1,721,895
Energy - 1.73%    
Oil, Gas & Consumable Fuels - 1.73%    
Chesapeake Energy Corp., 5.750% (S) 1,900 2,582,708
Sandridge Energy, Inc., 7.000% (S) 30,000 5,590,140
 
    8,172,848
    8,172,848
Financials - 3.86%    
Commercial Banks - 1.01%    
Wells Fargo & Company,    
Series L, 7.500% 4,600 4,761,920
Diversified Financial Services - 1.90%    
Ally Financial, Inc., 7.000% (S) 1,341 1,247,801
Bank of America Corp., Series L, 7.250% 5,350 5,408,797
Citigroup, Inc., 7.500% 18,300 2,314,950
 
    8,971,548
Insurance - 0.29%    
Metlife, Inc., 5.000% 16,300 1,383,055
Real Estate Investment Trusts - 0.52%    
FelCor Lodging Trust, Inc.,    
Series A, 1.950% 90,000 2,436,300
Thrifts & Mortgage Finance - 0.14%    
Federal Home Loan Mortgage Corp.,    
Series Z (8.375% to 12/31/2012, then    
higher of 3 month LIBOR + 4.160%    
or 7.875%) (Q) 94,900 161,330
Federal National Mortgage    
Association, 5.375% 20 115,000
Federal National Mortgage Association,    
Series Q, 6.750% 80,000 120,000
Federal National Mortgage Association,    
Series R, 7.625% 60,200 87,290
Federal National Mortgage Association,    
Series 08-1, 8.750% (L) 56,800 49,416
Federal National Mortgage Association,    
Series S (8.250% to 12/31/2015, then    
the higher of 3 month    
LIBOR + 4.230% or 7.750%) (Q) 79,300 134,810
 
    667,846
    18,220,669
Health Care - 0.37%    
Health Care Providers & Services - 0.37%    
Tenet Healthcare Corp., 7.000% 1,500 1,747,950

 

Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
PREFERRED SECURITIES (continued)    
Materials - 0.23%      
Metals & Mining - 0.23%      
AngloGold Ashanti Holdings      
Finance PLC, 6.000%   20,000 $ 1,076,800
Utilities - 0.11%      
Electric Utilities - 0.11%      
Nextera Energy, Inc., 8.375%   10,000 516,100
TOTAL PREFERRED SECURITIES (Cost $35,363,926) $ 31,456,262
 
WARRANTS - 0.06%      
Charter Communications, Inc., Class A      
(Expiration Date: 11/30/2014; Strike      
Price: $46.86) (I)   22,772 267,571
TOTAL WARRANTS (Cost $91,088)     $ 267,571
 
SECURITIES LENDING COLLATERAL - 3.69%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   1,743,458 17,446,606
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $17,447,077)     $ 17,446,606
 
SHORT-TERM INVESTMENTS - 1.27%    
U.S. Government & Agency      
Obligations* - 1.24%      
Federal Home Loan Bank Discount Notes,    
0.0011%, 04/01/2011 $ 5,875,000 $ 5,875,000
Repurchase Agreement - 0.03%      
Repurchase Agreement with State      
Street Corp. dated 03/31/2011 at      
0.010% to be repurchased at $116,000      
on 04/01/2011, collateralized by      
$110,000 Federal Home Loan      
Mortgage Corp., 4.500% due      
01/15/2014 (valued at $120,588,      
including interest)   116,000 116,000
TOTAL SHORT-TERM INVESTMENTS (Cost $5,991,000) $ 5,991,000
Total Investments (Income Trust)      
(Cost $468,826,570) - 102.14%     $ 482,419,144
Other assets and liabilities, net - (2.14%)   (10,091,772)
 
TOTAL NET ASSETS - 100.00%     $ 472,327,372
 
 
 
 
International Core Trust      
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 94.80%      
Australia - 4.38%      
BHP Billiton, Ltd.   75,538 $ 3,620,354
BlueScope Steel, Ltd.   496,670 1,012,962
Boart Longyear Group   177,917 859,987
Commonwealth Bank of Australia   86,197 4,672,427
Dexus Property Group   1,260,288 1,108,372
General Property Trust, Ltd.   479,366 1,556,925
Goodman Group   2,061,760 1,460,558
ING Office Fund   1,529,447 980,852
Macquarie Office Trust   344,572 1,179,104
Mirvac Group, Ltd.   723,068 931,193
Pacific Brands, Ltd. (I)   550,401 481,030
Qantas Airways, Ltd. (I)   374,379 843,004

 

182

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
QBE Insurance Group, Ltd. 58,401 $ 1,066,204
Rio Tinto, Ltd. 24,030 2,102,804
Stockland 642,189 2,464,673
Suncorp-Metway, Ltd. 61,876 541,597
TABCORP Holdings, Ltd. 202,496 1,567,806
Telstra Corp., Ltd. 1,634,831 4,765,555
Wesfarmers, Ltd. 86,864 2,851,590
Woodside Petroleum, Ltd. 56,553 2,734,924
Woolworths, Ltd. 50,856 1,413,259
 
    38,215,180
Austria - 0.59%    
Immofinanz AG (I)(L) 200,682 906,264
OMV AG 59,117 2,670,638
Raiffeisen International Bank Holding AG (L) 16,605 921,706
Voestalpine AG 14,060 660,257
 
    5,158,865
Belgium - 0.84%    
Ageas 322,336 918,071
Belgacom SA 43,295 1,678,461
Colruyt SA 27,175 1,431,732
Delhaize Group SA 13,275 1,081,318
Dexia SA (I) 179,453 699,312
Mobistar SA 10,507 729,027
Umicore 16,004 794,788
 
    7,332,709
Bermuda - 0.04%    
Golden Ocean Group, Ltd. (L) 287,933 369,138
Canada - 2.35%    
Barrick Gold Corp. 46,100 2,396,059
BCE, Inc. (L) 46,000 1,671,088
Canadian Pacific Railway, Ltd. 11,500 739,226
Encana Corp. 176,900 6,118,058
IGM Financial, Inc. 14,600 742,575
Magna International, Inc. 45,800 2,195,755
Metro, Inc. 12,400 590,903
National Bank of Canada (L) 11,635 945,561
Penn West Petroleum, Ltd. (L) 25,800 716,386
Research In Motion, Ltd. (I) 27,700 1,566,571
RONA, Inc. 44,800 656,173
Sun Life Financial, Inc. 54,200 1,703,429
Yellow Media, Inc. (L) 86,300 490,472
 
    20,532,256
Denmark - 1.64%    
Carlsberg A/S 14,052 1,513,327
H. Lundbeck A/S 7,303 169,455
Novo Nordisk A/S 100,959 12,654,352
 
    14,337,134
Finland - 1.25%    
Metso OYJ (L) 41,198 2,215,030
Neste Oil OYJ (L) 62,623 1,290,663
Nokia OYJ 257,959 2,194,968
Sampo OYJ 25,413 810,896
Stora Enso OYJ, Series R 154,016 1,834,519
UPM-Kymmene OYJ 106,408 2,250,334
YIT Oyj 11,805 349,910
 
    10,946,320
France - 10.85%    
Arkema 17,006 1,543,747
BNP Paribas 77,347 5,660,026
Casino Guichard Perrachon SA 10,169 962,376

 

International Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
Cie de Saint-Gobain 23,838 $ 1,459,535
Dassault Systemes SA 13,294 1,022,760
Essilor International SA 10,942 813,081
Eutelsat Communications 9,885 394,775
France Telecom SA 100,556 2,255,672
Hermes International SA (L) 9,755 2,142,162
L’Oreal SA 11,353 1,322,291
Lagardere S.C.A 36,919 1,578,516
LVMH Moet Hennessy Louis Vuitton SA (I) 33,282 5,267,447
Peugeot SA (I) 20,091 795,177
PPR 6,633 1,016,575
Renault SA (I) 36,472 2,016,322
Rhodia SA 87,823 2,569,720
Sanofi-Aventis SA 344,336 24,183,327
Schneider Electric SA 18,129 3,098,684
Societe Generale 33,160 2,156,151
Total SA 409,078 24,903,274
Valeo SA (I) 31,304 1,824,610
Vivendi SA 201,594 5,753,891
Wendel 11,150 1,213,023
Zodiac SA 9,937 723,541
 
    94,676,683
Germany - 6.64%    
Aixtron AG (L) 20,235 884,938
BASF SE 61,313 5,315,988
Bayerische Motoren Werke (BMW) AG 61,571 5,140,138
Daimler AG (I)(L) 116,609 8,228,969
Deutsche Lufthansa AG (I) 53,092 1,125,589
Deutsche Post AG 25,445 459,242
Dialog Semiconductor PLC (I) 22,025 459,103
E.ON AG 284,698 8,698,904
Fresenius AG 6,843 633,152
Heidelberger Druckmaschinen AG (I) 49,277 232,934
Infineon Technologies AG 356,844 3,657,948
Kloeckner & Company SE (I) 32,556 1,088,145
Lanxess AG 43,589 3,260,608
Leoni AG (I) 19,732 843,168
MAN AG 20,806 2,593,687
MTU Aero Engines Holding AG 20,634 1,398,030
Norddeutsche Affinerie AG 27,985 1,494,568
Puma AG 2,686 788,966
RWE AG 13,469 861,077
Salzgitter AG 19,673 1,553,603
SAP AG 53,347 3,272,962
Siemens AG 12,710 1,741,057
Software AG 8,165 1,352,506
Stada Arzneimittel AG 7,246 280,818
Suedzucker AG 45,996 1,282,139
Symrise AG 28,218 827,582
Volkswagen AG 3,057 468,887
 
    57,944,708
Greece - 0.50%    
Alpha Bank A.E. (I) 137,267 887,070
National Bank of Greece SA (I) 122,032 1,084,735
OPAP SA 90,480 1,935,385
Public Power Corp. SA 27,930 486,297
 
    4,393,487
Hong Kong - 1.63%    
Cathay Pacific Airways, Ltd. 242,000 578,280
CLP Holdings, Ltd. 395,096 3,205,189
Esprit Holdings, Ltd. 196,030 896,005
Hong Kong & China Gas Company, Ltd. 455,200 1,090,725
Hong Kong Electric Holdings, Ltd. 386,646 2,576,565

 

183

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Hutchison Whampoa, Ltd. 198,000 $ 2,339,740
Pacific Basin Shipping, Ltd. 1,754,000 1,109,849
Swire Pacific, Ltd. 105,500 1,549,535
Yue Yuen Industrial Holdings, Ltd. 283,282 898,122
 
    14,244,010
Ireland - 0.92%    
C&C Group PLC 155,138 701,860
CRH PLC 157,596 3,626,062
DCC PLC 39,334 1,253,917
Experian PLC 47,316 586,096
Kerry Group PLC 44,444 1,654,558
Shire PLC 6,754 196,112
 
    8,018,605
Israel - 0.36%    
Bezek Israeli Telecommunications Corp., Ltd. 314,024 930,053
Discount Investment Corp. 18,824 387,798
Israel Chemicals, Ltd. 60,071 987,221
Makhteshim-Agan Industries, Ltd. (I) 150,435 794,955
 
    3,100,027
Italy - 5.80%    
BGP Holdings PLC (I) 2,126,418 3
Enel SpA 2,108,900 13,292,495
Eni SpA 880,692 21,618,757
Fondiaria-Sai SpA (L) 72,412 600,942
Italcementi SpA - RSP 34,167 180,425
Mediaset SpA 125,613 798,926
Recordati SpA 53,884 541,801
Saipem SpA 55,118 2,927,345
Snam Rete Gas SpA 293,792 1,652,113
Telecom Italia SpA 1,278,592 1,968,901
Telecom Italia SpA 2,082,872 2,805,183
Terna Rete Elettrica Nazionale SpA 318,943 1,528,129
UniCredit Italiano SpA 1,100,262 2,721,110
 
    50,636,130
Japan - 22.28%    
Advance Residence Investment Corp. (I) 430 845,732
AEON Company, Ltd. 121,000 1,402,308
Aiful Corp. (I)(L) 275,850 338,378
Aisin Seiki Company, Ltd. 20,000 694,398
Alps Electric Company, Ltd. 175,854 1,689,196
Anritsu Corp. (L) 63,000 479,430
Asahi Diamond Industrial Company, Ltd. 32,000 613,994
Asahi Kasei Corp. (L) 140,000 930,691
Astellas Pharma, Inc. (L) 106,626 3,931,702
Bank of Yokohama, Ltd. 68,000 322,914
Calsonic Kansei Corp. 65,000 257,874
Canon, Inc. 33,900 1,475,331
Circle K Sunkus Company, Ltd. 18,000 272,016
Cosmo Oil Company, Ltd. 229,000 713,044
CyberAgent, Inc. 430 1,498,871
Dai Nippon Printing Company, Ltd. 19,000 231,390
Daikyo, Inc. (I)(L) 393,000 609,485
Dainippon Screen    
Manufacturing Company, Ltd. 233,000 2,411,607
Daito Trust Construction Company, Ltd. (L) 56,700 3,865,414
Dena Company, Ltd. 52,200 1,885,802
Denki Kagaku Kogyo Kabushiki Kaisha 99,000 487,978
Don Quijote Company, Ltd. 34,300 1,074,020
Eisai Company, Ltd. (L) 39,720 1,424,916
Electric Power Development Company, Ltd. 20,100 619,094
Fanuc, Ltd. 35,900 5,396,538
Fast Retailing Company, Ltd. 10,700 1,339,108

 

International Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Fuji Heavy Industries, Ltd. 304,884 $ 1,964,629
Gunze, Ltd. 103,000 373,960
Hanwa Company, Ltd. 175,000 774,225
Haseko Corp. (I) 1,071,000 815,079
Hikari Tsushin, Inc. 20,400 398,779
Hitachi, Ltd. 889,000 4,584,545
Honda Motor Company, Ltd. 141,788 5,307,579
Hosiden Corp. 44,900 456,125
Inpex Corp. 129 970,422
Isuzu Motors, Ltd. 442,000 1,748,233
Itochu Corp. 263,400 2,758,132
JFE Holdings, Inc. 47,800 1,398,716
JX Holdings, Inc. 1,066,300 7,178,745
K’s Holding Corp. 45,500 1,312,816
Kajima Corp. (L) 542,000 1,515,327
Kakaku.com, Inc. 124 686,378
Kao Corp. (L) 127,350 3,176,860
Kawasaki Kisen Kaisha, Ltd. 407,000 1,502,152
KDDI Corp. 583 3,578,106
Kobe Steel Company, Ltd. 156,000 399,650
Komatsu, Ltd. 120,000 4,049,408
Konami Corp. 36,177 659,429
Lawson, Inc. 13,200 636,355
Leopalace21 Corp. (I)(L) 196,600 257,627
Makino Milling Machine Company, Ltd. (I) 55,000 466,819
Marubeni Corp. 297,176 2,140,039
Marui Company, Ltd. 90 581
Mazda Motor Corp. 633,512 1,393,757
Mitsubishi Chemical Holdings Corp. 318,500 2,002,591
Mitsubishi Corp. 37,305 1,035,552
Mitsubishi Electric Corp. 201,000 2,344,793
Mitsubishi UFJ Lease &    
Finance Company, Ltd. 27,700 1,110,598
Mitsui Mining & Smelting Company, Ltd. 316,000 1,097,908
Mitsui O.S.K. Lines, Ltd. 197,000 1,134,443
Mizuho Financial Group, Inc. (L) 1,557,700 2,584,306
Murata Manufacturing Company, Ltd. 12,800 921,760
Net One Systems Company, Ltd. 242 362,505
NICHIREI Corp. 135,000 576,160
Nintendo Company, Ltd. 5,500 1,485,754
Nippon Light Metal Company, Ltd. 647,000 1,275,643
Nippon Steel Corp. 315,000 1,007,333
Nippon Telegraph & Telephone Corp. 107,900 4,840,594
Nippon Yakin Kogyo Company, Ltd. (I) 95,500 215,845
Nippon Yusen Kabushiki Kaisha 403,000 1,574,597
Nissan Motor Company, Ltd. 500,200 4,437,937
Nisshinbo Holdings, Inc. 56,000 543,304
Nitori Company, Ltd. 14,600 1,274,657
Nitto Denko Corp. 36,700 1,921,010
Nomura Research Institute, Ltd. 16,000 353,162
NTT DoCoMo, Inc. (L) 3,021 5,257,713
Obayashi Corp. 204,000 906,173
OKUMA Corp. 96,000 785,958
Omron Corp. 28,600 803,881
Ono Pharmaceutical Company, Ltd. 10,600 518,633
Oriental Land Company, Ltd. 9,100 723,143
ORIX Corp. (L) 27,240 2,551,089
Osaka Gas Company, Ltd. (L) 530,880 2,104,861
Pioneer Corp. (I) 251,500 1,046,153
Point, Inc. 18,050 755,157
Resona Holdings, Inc. 599,700 2,855,028
Ricoh Company, Ltd. (L) 111,000 1,302,428
Round One Corp. 117,500 539,381
Ryohin Keikaku Company, Ltd. 19,700 798,194
Sankyo Company, Ltd. 31,000 1,589,505

 

184

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Sawai Pharmaceutical Company, Ltd. 6,900 $ 595,600
Secom Company, Ltd. 26,100 1,205,583
Sega Sammy Holdings, Inc. 68,800 1,177,504
Seven & I Holdings Company, Ltd. 50,200 1,280,649
Shimamura Company, Ltd. 7,700 678,541
Showa Shell Sekiyu KK 108,300 1,130,132
Softbank Corp. 74,800 2,957,518
Sojitz Holdings Corp. 862,100 1,693,172
Sumitomo Corp. 319,500 4,567,029
Sumitomo Heavy Industries, Ltd. (L) 121,000 789,889
Taiheiyo Cement Corp. (L) 996,000 1,653,092
Taisei Corp. 544,000 1,340,707
Taisho Pharmaceuticals Company, Ltd. 30,210 653,739
Takeda Pharmaceutical Company, Ltd. (L) 239,711 11,181,518
Takefuji Corp. 62,930 757
The Sumitomo Trust &    
Banking Company, Ltd. 396,268 2,053,276
Toho Zinc Company, Ltd. 129,000 601,731
Tokyo Gas Company, Ltd. (L) 197,603 896,423
Tokyo Steel Manufacturing Company, Ltd. 99,800 1,165,013
Tokyo Tatemono Company, Ltd. 303,000 1,132,881
TonenGeneral Sekiyu KK 90,867 1,121,909
Tosoh Corp. 216,000 776,437
Toyo Engineering Corp. 98,000 377,014
Toyota Motor Corp. 159,600 6,383,987
Toyota Tsusho Corp. 119,000 1,962,828
Tsugami Corp. (L) 56,000 390,478
UNY Company, Ltd. 120,000 1,110,765
USS Company, Ltd. 9,900 770,053
Yahoo! Japan Corp. 2,214 792,121
Yamada Denki Company, Ltd. 34,820 2,318,480
Yamaha Motor Company, Ltd. (I) 24,900 430,341
Zeon Corp. 153,000 1,410,808
 
    194,553,428
Netherlands - 1.77%    
ASML Holding NV 17,404 767,635
CSM 35,973 1,272,180
Heineken NV 30,184 1,649,286
ING Groep NV (I) 650,372 8,254,672
Koninklijke BAM Groep NV 190,394 1,467,023
Koninklijke Boskalis Westinster NV 7,175 379,371
Koninklijke DSM NV 15,301 939,602
Wereldhave NV 6,398 683,879
 
    15,413,648
New Zealand - 0.36%    
Fletcher Building, Ltd. 173,526 1,236,530
Telecom Corp. of New Zealand, Ltd. 1,248,750 1,919,996
 
    3,156,526
Norway - 0.01%    
DnB NOR ASA 6,470 99,277
Portugal - 0.02%    
Jeronimo Martins SGPS SA 11,885 191,169
Singapore - 2.41%    
CapitaCommercial Trust 933,000 1,027,781
Cosco Corp. Singapore, Ltd. 507,000 822,268
Ezra Holdings, Ltd. 442,000 615,956
Genting Singapore PLC (I) 1,237,000 2,007,649
Golden Agri-Resources, Ltd. 5,431,000 2,965,951
Neptune Orient Lines, Ltd. (I) 792,146 1,216,288
Oversea-Chinese Banking Corp., Ltd. 153,000 1,163,573
SembCorp Marine, Ltd. 619,426 2,872,101
Singapore Exchange, Ltd. 311,000 1,937,926

 

International Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Singapore (continued)    
Singapore Press Holdings, Ltd. 468,000 $ 1,463,587
Singapore Telecommunications, Ltd. 1,290,210 3,092,767
Suntec Real Estate Investment Trust 842,000 1,029,186
Swiber Holdings, Ltd. (I) 568,000 367,455
Venture Corp., Ltd. (I) 64,000 488,325
 
    21,070,813
Spain - 2.12%    
Banco Popular Espanol SA (L) 234,070 1,376,182
Banco Santander SA 261,439 3,046,983
Gas Natural SDG SA 73,742 1,384,776
Iberdrola SA 196,640 1,710,317
Inditex SA 29,400 2,360,143
Repsol YPF SA 155,561 5,338,091
Telefonica SA 132,133 3,308,178
 
    18,524,670
Sweden - 3.41%    
Alfa Laval AB 57,842 1,255,356
Assa Abloy AB, Series B 27,606 793,652
Atlas Copco AB, Series A 140,157 3,726,126
Boliden AB 93,015 1,999,255
Hennes & Mauritz AB, B Shares 107,117 3,560,597
Modern Times Group AB, B Shares 10,505 798,747
NCC AB 41,736 1,195,890
Sandvik AB 130,743 2,471,801
Scania AB, Series B 36,542 848,610
Skandinaviska Enskilda Banken    
AB, Series A (L) 155,249 1,385,235
SKF AB, B Shares 45,807 1,334,075
Swedbank AB, Class A (L) 241,399 4,132,218
Swedish Match AB 25,855 859,382
Trelleborg AB, Series B 157,497 1,616,155
Volvo AB, Series B (I)(L) 213,588 3,752,922
 
    29,730,021
Switzerland - 5.30%    
Clariant AG (I) 58,043 1,046,843
Compagnie Financiere Richemont SA 102,244 5,904,059
Nestle SA 177,402 10,179,279
Novartis AG 305,157 16,544,751
Roche Holdings AG 39,122 5,588,243
Swisscom AG 2,778 1,238,607
Synthes AG 22,458 3,039,159
The Swatch Group AG, BR Shares 6,087 2,690,160
 
    46,231,101
United Kingdom - 19.33%    
3i Group PLC 281,571 1,351,885
Acergy SA 39,499 997,052
Aggreko PLC 52,955 1,338,830
Amlin PLC 101,488 621,479
Antofagasta PLC 58,836 1,283,134
ARM Holdings PLC 321,131 2,993,146
Asos PLC (I)(L) 16,359 448,432
Associated British Foods PLC 44,870 714,680
AstraZeneca PLC 443,107 20,371,793
Barclays PLC 933,096 4,185,917
BG Group PLC 209,551 5,205,705
BHP Billiton PLC 64,823 2,569,587
BP PLC 534,753 3,894,640
British American Tobacco PLC 60,472 2,430,105
BT Group PLC 2,022,500 6,041,275
Burberry Group PLC 164,730 3,102,828
Capita Group PLC 71,024 847,334
Centrica PLC 399,598 2,084,135

 

185

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Core Trust (continued)  
Shares or   
Principal   
Amount  Value
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Cobham PLC 325,736 $ 1,204,525
Compass Group PLC 85,726 771,578
Cookson Group PLC (I) 74,862 828,477
Diageo PLC 93,949 1,788,073
Dixons Retail PLC (I) 964,227 194,297
Drax Group PLC 187,802 1,193,999
Eurasian Natural Resources Corp. 57,469 862,927
FirstGroup PLC 91,903 481,220
GlaxoSmithKline PLC 1,354,999 25,856,021
Home Retail Group PLC 416,602 1,290,512
HSBC Holdings PLC 1 10
IMI PLC 84,087 1,389,521
Kazakhmys PLC 42,918 962,021
Lloyds Banking Group PLC (I) 2,211,239 2,061,441
National Express Group PLC (I) 58,059 228,475
Next PLC 78,963 2,508,113
Petrofac, Ltd. 17,392 415,881
Reckitt Benckiser Group PLC 46,614 2,394,111
Reed Elsevier PLC 73,563 637,045
Rio Tinto PLC 111,671 7,879,285
Royal Dutch Shell PLC 407,884 14,797,464
Royal Dutch Shell PLC, B Shares 267,275 9,699,447
Sage Group PLC 220,783 986,136
Scottish & Southern Energy PLC 89,337 1,807,194
Smith & Nephew PLC 142,986 1,611,752
Standard Chartered PLC 122,324 3,172,971
Taylor Woodrow PLC (I) 1,223,782 798,104
The Weir Group PLC 54,154 1,503,879
Travis Perkins PLC 103,809 1,692,169
United Utilities Group PLC 54,538 518,043
Vodafone Group PLC 4,165,960 11,795,547
William Hill PLC 332,084 962,158
Wolseley PLC (I) 92,902 3,132,417
Xstrata PLC 117,446 2,742,262
Yell Group PLC (I)(L) 1,376,389 146,916
 
    168,795,948
TOTAL COMMON STOCKS (Cost $779,820,692) $ 827,671,853
 
PREFERRED SECURITIES - 0.95%    
Germany - 0.95%    
Porsche Automobil Holding SE (L) 32,596 2,139,998
ProSiebenSat.1 Media AG 48,173 1,412,613
Volkswagen AG 29,380 4,776,037
 
    8,328,648
TOTAL PREFERRED SECURITIES (Cost $6,391,999) $ 8,328,648
Rights - 0.03%    
Porsche Automobil Holding SE (Expiration    
Date: 04/12/2011, Strike Price:    
EUR 38.00) (I)(L) 32,596 282,575
TOTAL RIGHTS (Cost $220,435) $ 282,575
 
SECURITIES LENDING COLLATERAL - 8.67%    
John Hancock Collateral    
Investment Trust, 0.2867% (W)(Y) 7,565,408 75,706,279
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $75,707,472) $ 75,706,279

 

International Core Trust (continued)    
    Shares or    
    Principal    
    Amount   Value
 
 
SHORT-TERM INVESTMENTS - 3.13%      
Money Market Funds* - 3.13%        
State Street Institutional Treasury Money        
Market Fund, 0.0027% $ 27,333,394 $ 27,333,394
TOTAL SHORT-TERM INVESTMENTS (Cost $27,333,394) $ 27,333,394
Total Investments (International Core Trust)      
(Cost $889,473,992) - 107.58%     $ 939,322,749
Other assets and liabilities, net - (7.58%)       (66,220,831)
 
TOTAL NET ASSETS - 100.00%     $ 873,101,918
 
 
 
 
International Equity Index Trust A    
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS - 93.10%        
Australia - 5.77%        
AGL Energy, Ltd.   9,204 $ 136,156
Alumina, Ltd.   51,496   131,154
Amcor, Ltd.   28,679   209,276
AMP, Ltd.   67,186   376,997
Asciano Group   48,810   87,794
Australia & New Zealand Banking Group, Ltd. 53,359   1,312,908
Australian Stock Exchange, Ltd.   3,619   128,796
Bendigo and Adelaide Bank, Ltd.   7,031   69,309
BHP Billiton, Ltd.   68,856   3,300,101
Billabong International, Ltd.   4,341   33,867
BlueScope Steel, Ltd.   43,158   88,021
Boral, Ltd.   13,845   71,528
Brambles, Ltd.   31,098   227,572
Caltex Australia, Ltd.   2,853   46,000
CFS Gandel Retail Trust   57,869   110,093
Coca-Cola Amatil, Ltd.   11,680   141,780
Cochlear, Ltd.   1,118   95,973
Commonwealth Bank of Australia   31,643   1,715,252
Computershare, Ltd.   8,579   82,188
Crown, Ltd.   9,470   79,740
CSL, Ltd.   10,802   399,085
CSR, Ltd.   9,926   33,646
Dexus Property Group   85,097   74,839
Duluxgroup, Ltd.   7,815   21,895
Fortescue Metals Group, Ltd.   26,436   174,679
Foster’s Group, Ltd.   40,218   237,792
General Property Trust, Ltd.   34,392   111,701
Goodman Fielder, Ltd.   32,169   40,909
Goodman Group   109,709   77,718
Harvey Norman Holding, Ltd.   8,189   25,389
Incitec Pivot, Ltd.   37,552   167,865
James Hardie Industries, Ltd. (I)   7,997   50,354
John Fairfax Holdings, Ltd. (L)   67,003   89,355
Leighton Holdings, Ltd. (L)   2,698   82,207
Lend Lease Corp.   11,006   103,116
MacArthur Coal, Ltd.   2,901   34,776
Macquarie Airports, Ltd.   15,846   49,801
Macquarie Group, Ltd.   7,205   272,373
Metcash, Ltd.   13,891   59,754
Mirvac Group, Ltd.   56,704   73,025
National Australia Bank, Ltd.   42,964   1,149,216
Newcrest Mining, Ltd.   15,237   629,539
NRMA Insurance Group, Ltd.   44,162   163,936
OneSteel, Ltd.   39,026   98,320
Orica, Ltd.   7,892   215,059
Origin Energy, Ltd.   22,323   372,763

 

186

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Oxiana, Ltd. 57,819 $ 95,214
Paladin Resources, Ltd. (I) 11,802 44,103
Qantas Airways, Ltd. (I) 27,133 61,096
QBE Insurance Group, Ltd. 21,579 393,959
QR National, Ltd. (I) 33,938 117,721
Rio Tinto, Ltd. 8,708 762,015
Santos, Ltd. 17,678 282,983
Sims Group, Ltd. 3,008 54,394
Sonic Healthcare, Ltd. 6,566 81,328
SP Ausnet 25,562 23,246
Stockland 45,247 173,655
Suncorp-Metway, Ltd. 26,715 233,835
TABCORP Holdings, Ltd. 13,706 106,117
Tattersall’s, Ltd. 25,812 62,406
Telstra Corp., Ltd. 93,559 272,726
Toll Holdings, Ltd. 11,569 70,896
Transurban Group, Ltd. 31,744 176,462
Wesfarmers, Ltd. 21,437 703,738
Wesfarmers, Ltd. 2,902 96,447
Westfield Group 43,325 418,226
Westfield Retail Trust 47,784 129,420
Westpac Banking Corp. 60,238 1,514,226
Woodside Petroleum, Ltd. 11,653 563,543
Woolworths, Ltd. 25,669 713,327
WorleyParsons, Ltd. 2,956 94,628
 
    20,499,328
Austria - 0.22%    
Erste Group Bank AG 3,990 201,373
Immoeast AG (I) 6,755 0
Immofinanz AG (I)(L) 10,132 45,755
Oesterreichische Elektrizitaets AG, Class A 1,380 61,281
OMV AG 2,190 98,934
Raiffeisen International Bank Holding AG 1,623 90,089
Telekom Austria AG 7,482 109,537
Voestalpine AG 2,319 108,900
Wiener Staedtische Allgemeine    
Versicherung AG 1,013 57,860
 
    773,729
Belgium - 0.64%    
Ageas 57,864 164,807
Ageas, VVPR (I) 16,796 48
Anheuser-Busch InBev NV 15,240 869,318
Anheuser-Busch InBev NV, VVPR (I) 6,160 44
Bekaert SA (I) 759 86,615
Belgacom SA 3,210 124,445
Colruyt SA 1,790 94,307
Compagnie Nationale A Portefeuille, ADR (I) 708 48,806
Delhaize Group SA 1,944 158,349
Dexia SA (I) 8,130 31,682
Groupe Bruxelles Lambert SA 1,576 147,313
KBC Bancassurance Holding NV 4,197 157,884
Mobistar SA 683 47,390
Solvay SA 1,341 158,849
UCB SA 2,353 89,417
Umicore 2,192 108,859
 
    2,288,133
Bermuda - 0.07%    
Seadrill, Ltd. 7,387 266,962
Brazil - 1.58%    
All America Latina Logistica SA 8,400 68,943
B2W Companhia Global Do Varejo 1,891 25,887
Banco do Brasil SA 12,102 219,039

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Brazil (continued)    
Banco Santander Brasil SA 11,780 $ 142,862
BM&F Bovespa SA 30,300 219,922
BR Malls Participacoes SA 8,056 83,883
Brasil Telecom SA 584 6,317
Brasil Telecom SA - New York Exchange 494 13,343
Brookfield Incorporacoes SA 7,830 40,669
Centrais Eletricas Brasileiras SA (I) 3,600 54,397
Cia de Concessoes Rodoviarias, ADR 2,900 84,194
Cia de Saneamento Basico do Estado de    
Sao Paulo 2,558 73,639
Cielo SA 15,488 131,292
Companhia Siderurgica Nacional SA 16,000 261,464
Companhia Siderurgica Nacional SA, SADR 200 3,332
Cosan SA Industria e Comercio 2,887 44,915
CPFL Energia SA 2,200 62,511
Cyrela Brazil Realty SA 6,000 56,889
Duratex SA 4,152 43,869
EDP - Energias do Brasil SA 1,600 38,906
Empresa Brasileira de Aeronautica SA 12,500 103,360
Fibria Celulose SA 2,814 45,416
Gafisa SA 8,032 50,770
Hypermarcas SA 5,544 73,347
JBS SA 9,071 32,558
Localiza Rent A Car SA 1,961 31,469
Lojas Renner SA (I) 3,300 106,904
Marfrig Frigorificos e Comercio    
de Alimentos SA 4,561 40,759
MMX Mineracao e Metalicos SA (I) 3,720 23,377
MRV Engenharia e Participacoes SA 7,455 59,635
Multiplan Empreendimentos Imobiliarios SA 1,514 31,297
Natura Cosmeticos SA 3,400 95,795
OGX Petroleo e Gas Participacoes SA (I) 28,200 339,405
PDG Realty SA Empreendimentos    
e Participacoes 20,914 117,338
Perdigao SA 13,756 259,760
Petroleo Brasileiro SA 54,015 1,079,208
Porto Seguro SA 2,616 44,224
Redecard SA 8,535 125,726
Rossi Residencial SA (I) 2,703 22,533
Souza Cruz SA 8,000 83,300
Tam SA 91 1,692
Tele Norte Leste Participacoes SA 700 15,992
Tele Norte Leste Participacoes SA, ADR 1,336 23,420
Tractebel Energia SA 2,800 47,334
Ultrapar Participacoes SA 6,000 99,335
Usinas Siderurgicas de Minas Gerais SA 3,000 51,450
Vale Fertilizantes SA 28,300 924,757
 
    5,606,434
Canada - 8.13%    
Agnico-Eagle Mines, Ltd. 3,487 231,807
Agrium, Inc. 3,239 299,111
Alimentation Couche Tard, Inc. 3,100 81,505
ARC Resources, Ltd. 2,700 73,383
Athabasca Oil Sands Corp. (I) 4,200 72,953
Bank of Montreal (L) 12,191 791,943
Bank of Nova Scotia 20,852 1,279,511
Barrick Gold Corp. 21,010 1,092,000
Baytex Energy Corp. 2,200 128,642
BCE, Inc. 5,238 190,286
Bombardier, Inc. 36,262 266,682
Bonavista Energy Corp. 1,500 46,416
Brookfield Asset Management, Inc. 10,948 355,824
Brookfield Properties Corp. 5,290 93,632
CAE, Inc. 5,584 74,185

 

187

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Cameco Corp. 8,634 $ 259,688
Canadian Imperial Bank of Commerce 7,870 678,630
Canadian National Railway Company 9,702 732,028
Canadian Natural Resources, Ltd. 22,716 1,123,265
Canadian Oil Sands, Ltd. 4,900 165,119
Canadian Pacific Railway, Ltd. 3,326 213,797
Canadian Tire Corp., Ltd. 1,446 95,977
Canadian Utilities, Ltd. 1,300 71,001
Cenovus Energy, Inc. 15,836 625,600
CGI Group, Inc. (I) 4,924 103,254
Chorus Aviation, Inc. 350 1,942
CI Financial Corp. 2,467 58,653
Crescent Point Energy Corp. 4,900 237,798
Eldorado Gold Corp. 11,900 194,058
Empire Company, Ltd. 300 16,549
Enbridge, Inc. 8,124 497,914
Encana Corp. 16,236 561,519
Enerplus Corp. 3,600 114,034
Fairfax Financial Holdings, Ltd.    
(Toronto Exchange) 441 166,711
Finning International, Inc. 3,662 108,179
First Quantum Minerals, Ltd. 1,700 219,922
Fortis, Inc. 3,000 102,486
Franco-Nevada Corp. 2,200 80,761
George Weston, Ltd. 1,064 72,499
Gildan Activewear, Inc. 2,800 91,899
Goldcorp, Inc. 16,028 799,168
Great-West Lifeco, Inc. (L) 5,824 161,594
Husky Energy, Inc. 5,748 174,663
IAMGOLD Corp. 7,200 158,704
IGM Financial, Inc. 2,704 137,529
Imperial Oil, Ltd. (L) 6,427 328,410
Industrial Alliance Insurance and    
Financial Services, Inc. 2,700 116,355
Inmet Mining Corp. 700 49,206
Intact Financial Corp. 2,400 124,394
Ivanhoe Mines, Ltd. (I) 6,325 173,473
Kinross Gold Corp. 24,960 393,387
Loblaw Companies, Ltd. 2,763 110,719
Magna International, Inc. 4,514 216,411
Manulife Financial Corp. (O) 37,176 658,776
Metro, Inc. 2,700 128,664
National Bank of Canada (L) 3,532 287,041
Nexen, Inc. 10,936 272,639
Niko Resources, Ltd. 1,200 115,111
Onex Corp. 1,568 54,973
Open Text Corp. (I) 1,300 80,776
Osisko Mining Corp. (I) 6,800 97,914
Pacific Rubiales Energy Corp. 5,600 155,379
Pan American Silver Corp. 2,000 74,286
Pengrowth Energy Trust 6,300 87,141
Penn West Petroleum, Ltd. 9,297 258,149
PetroBakken Energy, Ltd., Class A 1,400 26,513
Petrobank Energy & Resources, Ltd. (I) 2,100 44,383
Potash Corp. of Saskatchewan, Inc. 18,567 1,095,252
Power Corp. of Canada (L) 7,583 224,713
Power Financial Corp. (L) 5,478 177,364
Progress Energy Resources Corp. 1,900 27,358
Research In Motion, Ltd. (I) 10,200 576,860
RioCan Real Estate Investment Trust 2,400 63,026
Ritchie Bros. Auctioneers, Inc. 1,300 36,674
Rogers Communications, Inc., Class B (L) 9,858 358,325
Royal Bank of Canada 29,124 1,802,113
Saputo, Inc. 3,700 167,006
Shaw Communications, Inc., Class B 7,198 151,756

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Sherritt International Corp. 6,500 $ 53,368
Shoppers Drug Mart Corp. 4,644 190,933
Silver Wheaton Corp. 6,800 295,427
SNC-Lavalin Group, Inc. 3,387 192,984
Sun Life Financial, Inc. 12,048 378,651
Suncor Energy, Inc. 31,814 1,426,790
Talisman Energy, Inc. 22,474 555,649
Teck Resources, Ltd. 11,547 612,068
TELUS Corp. 2,956 143,608
Telus Corp. 1,305 66,724
The Toronto-Dominion Bank 18,250 1,615,111
Thomson Corp. 7,366 289,094
Tim Hortons, Inc. 3,600 163,272
TMX Group, Inc. 1,376 55,097
Trans-Canada Corp. (L) 15,250 618,337
TransAlta Corp. 5,479 115,514
Valeant Pharmaceuticals International, Inc. 3,150 157,256
Vermilion Energy, Inc. 800 41,696
Viterra, Inc. 5,800 70,354
Yamana Gold, Inc. 15,306 189,134
Yellow Media, Inc. 2,800 15,913
 
    28,884,348
Cayman Islands - 0.09%    
China Dongxiang Group Company 77,000 24,323
ENN Energy Holdings, Ltd. 20,000 62,105
Longfor Properties 23,100 39,170
Sands China, Ltd. (I) 37,200 82,798
Wynn Macau, Ltd. 34,972 97,516
 
    305,912
Chile - 0.31%    
Banco Santander Chile SA, ADR (L) 2,180 189,115
Cia Cervecerias Unidas SA, ADR 1,245 73,580
Empresa Nacional de    
Electricidad SA, ADR (L) 4,420 245,840
Enersis SA, SADR 11,983 249,486
Lan Airlines SA, SADR (L) 4,785 122,448
Sociedad Quimica y Minera de    
Chile SA, ADR 2,625 145,058
Vina Concha Y Toro SA, ADR 1,297 60,933
 
    1,086,460
China - 2.82%    
Agile Property Holdings, Ltd. 37,800 59,470
Air China, Ltd. 62,000 57,243
Aluminum Corp. of China, Ltd. 104,000 99,000
Angang Steel Company, Ltd., Class H 23,960 32,639
Anhui Conch Cement Company, Ltd. 20,000 125,815
Anta Sports Products, Ltd. 17,000 26,370
Bank of China, Ltd., Class H 1,405,077 780,948
Bank of Communications    
Company, Ltd., Class H 165,255 181,742
BBMG Corp. 22,000 36,239
Beijing Capital International Airport    
Company, Ltd., Class H 60,000 31,444
Beijing Datang Power Generation    
Company, Ltd., Class H 78,000 28,942
BYD Company, Ltd., Class H (I) 13,400 51,327
China BlueChemical, Ltd. 54,000 44,217
China Citic Bank Corp, Ltd. 132,000 96,206
China Coal Energy Company, Series H 88,000 119,699
China Communications    
Construction Company, Ltd. 109,535 104,940
China Communications    
Services Corp., Ltd., Class H 36,000 21,954

 

188

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
China (continued)    
China Construction Bank Corp. 1,078,346 $ 1,010,250
China COSCO Holdings Company, Ltd. (I) 64,835 66,277
China International    
Marine Containers Co., Ltd. 5,200 11,678
China Life Insurance Company, Ltd. 167,000 625,595
China Longyuan Power Group Corp. 45,000 48,365
China Merchants Bank Company, Ltd. 86,535 239,278
China Minsheng Banking Corp. Ltd. 101,400 93,596
China National Building    
Material Company, Ltd. 34,000 124,460
China Oilfield Services, Ltd. 32,000 72,625
China Pacific Insurance Group Company, Ltd. 17,300 72,472
China Petroleum & Chemical Corp. 354,000 356,350
China Railway Construction Corp. 41,500 43,264
China Railway Group, Ltd. 104,000 66,885
China Shenhua Energy Company, Ltd. 77,500 364,939
China Shineway Pharmaceutical Group, Ltd. 8,400 20,189
China Shipping Container    
Lines Company, Ltd. (I) 72,650 29,013
China Shipping Development Company, Ltd. 30,000 33,955
China Telecom Corp., Ltd. 304,000 185,889
China Unicom, Ltd. (I) 130,550 217,099
China Vanke Co., Ltd. 23,800 31,208
China Yurun Food Group, Ltd. 28,600 96,489
China Zhongwang Holdings, Ltd. 32,400 15,457
Country Garden Holdings Company 81,973 36,013
CSR Corp., Ltd. 43,000 44,065
Dongfang Electric Corp. Ltd. 8,000 27,385
Dongfeng Motor Group Company, Ltd. 72,000 123,322
Foxconn International Holdings, Ltd. (I) 26,000 15,585
Golden Eagle Retail Group, Ltd. 21,000 45,434
Greentown China Holdings, Ltd. 19,000 20,028
Guangdong Investment, Ltd. 52,000 26,234
Guangzhou Automobile Group Company, Ltd. 57,831 70,635
Guangzhou R&F Properties    
Company, Ltd., Class H 24,800 36,958
Hidili Industry International Development, Ltd. 24,000 21,322
Huaneng Power International, Inc., Class H 88,000 51,427
Industrial & Commercial Bank of China, Ltd. 1,122,957 931,201
Inner Mongolia Yitai Coal Co. (I) 12,400 86,917
Jiangsu Expressway, Ltd. 32,000 36,135
Jiangxi Copper Company, Ltd., Class H 30,000 99,891
Lenovo Group, Ltd. 126,000 72,223
Maanshan Iron & Steel Company, Ltd. (I) 48,000 25,924
Metallurgical Corp of China Ltd (I) 53,000 22,051
PetroChina Company, Ltd., Class H 472,000 721,900
PICC Property & Casualty    
Company, Ltd., Class H (I) 54,000 65,607
Ping An Insurance Group Company    
of China, Ltd. 31,000 313,800
Semiconductor    
Manufacturing International Corp. (I) 387,000 29,300
Shanghai Electric Group Company, Ltd. 90,000 45,263
Shanghai Lujiazui Finance & Trade    
Zone Development Co., Ltd. 4,200 6,510
Shimao Property Holdings, Ltd., GDR 33,500 47,362
Shui On Land, Ltd. 73,153 33,804
Sinopec Shanghai Petrochemical    
Company, Ltd., Class H 52,000 24,485
Sinopharm Group Company, Ltd. 12,000 42,708
Tencent Holdings, Ltd. 22,000 534,542
Tingyi (Cayman Islands) Holding Corp. 44,000 108,107
Tsingtao Brewery Company, Ltd., Series H 8,000 38,194
Want Want China Holdings, Ltd. 61,000 47,740
Weichai Power Compnay, Ltd. 10,000 60,762

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
China (continued)    
Wumart Stores, Inc. (I) 14,000 $ 30,589
Yanzhou Coal Mining Company, Ltd., Class H 50,000 180,504
Zhejiang Expressway Company, Ltd., Class H 36,000 32,866
Zijin Mining Group, Ltd. 107,902 86,037
ZTE Corp., Class H 12,184 56,919
 
    10,023,277
Colombia - 0.18%    
BanColombia SA ADR 9,325 584,305
Petrominerales, Ltd. 1,289 48,848
 
    633,153
Czech Republic - 0.08%    
CEZ AS 3,072 156,969
Komercni Banka AS 264 66,626
Telefonica O2 Czech Republic AS 3,005 70,303
 
    293,898
Denmark - 0.74%    
A P Moller Maersk A/S 13 119,468
A P Moller Maersk A/S, Series A (L) 28 263,369
Carlsberg A/S 2,052 220,990
Coloplast A/S 542 78,439
Danske Bank A/S (I) 9,898 219,192
Danske Bank A/S - New Shares (I) 3,299 73,678
DSV A/S, ADR 3,980 98,264
Novo Nordisk A/S 8,840 1,108,019
Novozymes A/S, B Shares 964 147,300
TrygVesta A/S 702 41,284
Vestas Wind Systems A/S (I) 5,044 218,888
William Demant Holdings A/S (I) 582 50,335
 
    2,639,226
Egypt - 0.07%    
Commercial International Bank 12,754 70,532
Egypt Kuwait Holding Company 11,363 15,560
Egyptian Company for Mobile Services 336 9,018
Egyptian Financial Group-Hermes Holding 3,297 12,149
EL EZZ Steel Company (I) 7,169 13,234
ElSwedy Cables Holding Co. (I) 1,740 11,607
Orascom Construction Industries 1,338 54,526
Orascom Telecom Holding SAE (I) 35,950 26,706
Talaat Moustafa Group (I) 15,104 11,864
Telecom Egypt 3,596 10,498
 
    235,694
Finland - 0.76%    
Elisa OYJ, Class A (L) 3,307 72,790
Fortum OYJ (L) 9,708 330,175
Kesko OYJ 1,369 64,085
Kone OYJ 3,476 200,028
Metra OYJ 3,938 153,725
Metso OYJ 2,927 157,372
Neste Oil OYJ (L) 5,377 110,820
Nokia OYJ 79,044 672,584
Nokian Renkaat OYJ 1,470 62,605
Orion OYJ, Series B 1,114 27,020
Outokumpu OYJ 4,187 72,470
Pohjola Bank OYJ 1,284 17,507
Rautaruukki OYJ (L) 3,081 73,853
Sampo OYJ 8,903 284,083
Sanoma OYJ 700 15,856
Stora Enso OYJ, Series R 13,947 166,126
UPM-Kymmene OYJ 9,899 209,346
 
    2,690,445

 

189

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France - 6.30%    
Accor SA 3,247 $ 145,788
Aeroports de Paris 392 36,111
Air France KLM (I) 2,181 36,284
Air Liquide SA 5,899 784,919
Alcatel-Lucent (I) 48,917 282,211
Alstom SA 4,293 253,928
Atos Origin SA (I) 897 52,653
AXA SA 34,708 725,662
BioMerieux SA 136 14,265
BNP Paribas 19,316 1,413,488
Bouygues SA 4,878 234,225
Bureau Veritas SA 619 48,670
Cap Gemini SA 2,507 145,749
Carrefour SA (I) 12,644 560,433
Casino Guichard Perrachon SA 765 72,398
Christian Dior SA 1,103 155,295
Cie de Saint-Gobain 8,045 492,573
Cie Generale de Geophysique-Veritas (I) 2,600 93,979
CNP Assurances SA 2,692 57,162
Compagnie Generale des Etablissements    
Michelin, Class B 3,655 308,862
Credit Agricole SA 20,273 332,894
Danone SA 12,157 794,090
Dassault Systemes SA 1,174 90,320
Edenred (I) 3,247 97,937
EDF SA 5,805 240,602
Eiffage SA 533 32,058
Eramet 83 30,666
Essilor International SA 4,267 317,073
Eurazeo 416 32,541
European Aeronautic Defence &    
Space Company (I) 8,462 246,629
Eutelsat Communications 1,283 51,239
Fonciere Des Regions 477 50,839
France Telecom SA 37,468 840,482
GDF Suez 25,004 1,020,220
Gecina SA 200 27,593
Groupe Eurotunnel SA 9,550 101,612
ICADE 399 49,222
Iliad SA 328 39,327
Imerys SA 374 27,458
JC Decaux SA (I) 1,379 46,365
Klepierre SA 1,807 73,356
L’Oreal SA 4,767 555,215
Lafarge SA 4,232 263,934
Lagardere S.C.A (I) 1,664 71,146
Legrand SA, ADR 1,341 55,768
LVMH Moet Hennessy Louis Vuitton SA 5,106 808,112
M6-Metropole Television 612 15,990
Natixis (I) 15,361 87,021
Neopost SA 415 36,342
PagesJaunes Groupe SA 1,206 12,095
Pernod-Ricard SA 4,263 398,650
Peugeot SA (I) 2,679 106,032
PPR 1,585 242,917
Publicis Groupe SA 2,723 152,661
Renault SA (I) 4,056 224,232
Safran SA 2,595 91,864
Sanofi-Aventis SA 21,136 1,484,419
Schneider Electric SA 5,068 866,244
SCOR SE 3,147 85,680
Societe BIC SA 290 25,768
Societe Generale 12,713 826,633
Societe Television Francaise 1,243 22,821
Sodexho Alliance 2,153 157,136

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
STMicroelectronics NV 11,860 $ 146,989
Suez Environnement SA 6,112 126,444
Technip SA 2,024 216,201
Thales SA 1,246 49,757
Total SA 42,711 2,600,100
Unibail-Rodamco SE 1,963 425,345
Vallourec SA 2,237 251,099
Veolia Environnement SA 7,347 228,462
Vinci SA 9,322 582,389
Vivendi SA 25,030 714,406
 
    22,389,050
Germany - 5.17%    
Adidas AG (I) 4,115 259,887
Allianz SE 9,249 1,297,717
BASF SE 18,561 1,609,284
Bayer AG 16,705 1,293,563
Bayerische Motoren Werke (BMW) AG 6,662 556,164
Beiersdorf AG 1,584 96,692
Celesio AG (I) 1,628 40,027
Commerzbank AG (I)(L) 12,288 95,763
Continental AG (I) 1,055 95,319
Daimler AG (L) 18,236 1,286,894
Deutsche Bank AG 18,961 1,114,933
Deutsche Boerse AG 3,856 292,591
Deutsche Lufthansa AG 4,195 88,937
Deutsche Post AG (I) 16,761 302,509
Deutsche Telekom AG (I) 57,390 886,764
E.ON AG 36,699 1,121,332
Fraport AG, ADR 459 33,649
Fresenius AG 1,988 183,941
Fresenius Medical Care AG 3,743 251,310
GEA Group AG 2,970 97,793
Hannover Rueckversicherung AG 1,132 61,788
HeidelbergCement AG 2,968 207,318
Henkel AG & Company, KGaA (L) 2,630 137,441
Hochtief AG 800 86,127
Infineon Technologies AG 21,217 217,492
K&S AG 2,934 221,487
Lanxess AG 1,680 125,670
Linde AG (I) 3,397 536,543
MAN AG (I) 2,077 258,920
Merck KGAA 1,128 101,782
Metro AG 2,502 171,057
Muenchener Rueckversicherungs - Gesellschaft    
AG (MunichRe) 3,800 597,557
Puma AG 101 29,667
Qiagen AG (I) 4,911 98,064
RWE AG 8,451 540,275
Salzgitter AG 698 55,122
SAP AG 17,443 1,070,168
Siemens AG 16,627 2,277,620
Suedzucker AG 1,402 39,081
ThyssenKrupp AG 6,945 284,701
TUI AG (I) 2,987 35,715
United Internet AG 1,822 32,744
Volkswagen AG 616 94,483
Wacker Chemie AG 304 68,375
 
    18,354,266
Greece - 0.18%    
Alpha Bank A.E. (I) 9,557 61,761
Bank of Cyprus PCL 14,142 51,381
Coca-Cola Hellenic Bottling Company SA 4,700 126,105
EFG Eurobank Ergasias SA (I) 7,016 43,685

 

190

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Greece (continued)    
Hellenic Telecommunications Organization SA 6,840 $ 76,332
National Bank of Greece SA (I) 17,944 159,503
OPAP SA 4,410 94,331
Public Power Corp. SA 1,780 30,992
 
    644,090
Hong Kong - 2.94%    
Alibaba.com, Ltd. 27,900 47,791
ASM Pacific Technology, Ltd. 2,086 26,191
Bank of East Asia, Ltd. 34,539 147,051
Beijing Enterprises Holdings, Ltd. 10,000 57,292
Belle International Holdings, Ltd. 95,882 176,762
BOC Hong Kong Holdings, Ltd. 78,500 255,634
Cathay Pacific Airways, Ltd. 14,000 33,454
Chaoda Modern Agriculture Holdings, Ltd. 66,120 41,246
Cheung Kong Holdings, Ltd. 31,151 507,374
Cheung Kong Infrastructure Holdings, Ltd. 9,000 42,607
China Agri-Industries Holdings, Ltd. 44,000 49,465
China Everbright, Ltd. 22,000 49,240
China High Speed Transmission Equipment    
Group Company, Ltd. 25,000 40,107
China Mengniu Dairy Company, Ltd. 24,000 63,624
China Merchants Holdings    
International Company, Ltd. 28,685 121,012
China Mobile, Ltd. 135,000 1,247,166
China Overseas Land & Investment, Ltd. 89,360 183,454
China Resource Power Holdings, Ltd. 36,200 69,926
China Resources Enterprises, Ltd. 26,000 106,349
China Resources Land, Ltd. 44,000 82,332
China Taiping Insurance    
Holdings Company, Ltd. (I) 16,000 47,175
China Travel International Investment    
Hong Kong, Ltd. (I) 88,000 18,401
Citic 1616 Holdings, Ltd. 1,050 337
Citic Pacific, Ltd. 24,000 66,505
CLP Holdings, Ltd. 44,111 357,847
CNOOC, Ltd. 399,984 1,013,480
COSCO Pacific, Ltd. 25,754 48,685
Esprit Holdings, Ltd. 30,433 139,102
Fosun International 30,500 23,385
Franshion Properties China, Ltd. 74,000 21,238
Fushan International Energy Group, Ltd. 80,000 57,326
Geely Automobile Holdings Company, Ltd. 75,000 27,813
GOME Electrical    
Appliances Holdings, Ltd. (I) 169,920 59,521
Hang Lung Group, Ltd. 11,000 68,728
Hang Lung Properties, Ltd. 46,000 201,088
Hang Seng Bank, Ltd. 16,400 264,815
Henderson Land Development Company, Ltd. 16,335 113,159
Hengan International Group Company, Ltd. 18,000 133,365
Hong Kong & China Gas Company, Ltd. 91,300 218,768
Hong Kong Electric Holdings, Ltd. 29,500 196,585
Hong Kong Exchanges & Clearing, Ltd. 24,570 532,652
Hopewell Holdings, Ltd. 6,638 19,840
Hopson Development Holdings, Ltd. (I) 16,000 18,115
Huabao International Holdings, Ltd. 30,000 46,326
Hutchison Whampoa, Ltd. 46,423 548,574
Hysan Development Company, Ltd. 13,254 54,611
Kerry Properties, Ltd. 10,000 50,288
Kingboard Chemical Holdings, Ltd. 16,228 85,267
Kunlun Energy Company, Ltd. (I) 50,000 79,585
Lee & Man Paper Manufacturing, Ltd. 36,000 24,725
Li & Fung, Ltd. 48,829 250,909
Li Ning Company, Ltd. 15,500 26,169
Lifestyle International Holdings, Ltd. 4,500 10,806

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
MTR Corp., Ltd. 33,039 $ 121,754
New World Development Company, Ltd. 58,939 104,074
Nine Dragons Paper Holdings, Ltd. 44,000 52,689
Noble Group, Ltd. 61,970 104,997
NWS Holdings, Ltd. 14,246 21,753
Orient Overseas International, Ltd. 1,938 20,282
Parkson Retail Group, Ltd. 36,500 50,108
PCCW, Ltd. 87,000 36,165
Poly Hong Kong Investment, Ltd. 26,000 24,541
Renhe Commercial Holdings Compnay, Ltd. 160,000 29,995
Shandong Weigao Group Medical    
Polymer Company, Ltd. 16,000 45,631
Shanghai Industrial Holdings, Ltd. 14,000 53,713
Shangri-La Asia, Ltd. 17,282 44,069
Sino Land Company, Ltd. 23,020 41,087
Sino-Forest Corp. (I) 4,600 120,041
Sino-Ocean Land Holdings, Ltd. 86,100 53,619
Sinofert Holdings, Ltd. (I) 54,000 23,394
Sinotruk Hong Kong, Ltd. 18,000 15,373
Skyworth Digital Holdings, Ltd. 39,196 22,168
Soho China, Ltd. 66,000 56,654
Sun Hung Kai Properties, Ltd. 30,550 482,894
Swire Pacific, Ltd. 20,000 293,751
The Link REIT 34,215 107,386
Wharf Holdings, Ltd. 29,000 200,751
Wheelock and Company, Ltd. 17,000 63,873
Wing Hang Bank, Ltd. 3,500 41,452
Yue Yuen Industrial Holdings, Ltd. 8,000 25,363
 
    10,430,844
Hungary - 0.09%    
Magyar Telekom Telecommunications PLC 10,442 32,819
MOL Magyar Olaj & Gazipari (I) 750 95,758
OTP Bank PLC (I)(L) 4,462 132,115
Richter Gedeon 298 61,906
 
    322,598
India - 1.53%    
Dr. Reddy’s Laboratories, Ltd., ADR 2,151 80,232
ICICI Bank, Ltd., SADR 18,525 923,101
Infosys Technologies, Ltd., ADR (L) 24,265 1,739,801
Larsen & Toubro, Ltd., GDR (S) 9,329 345,568
Ranbaxy Laboratories, Ltd., ADR 2,771 28,098
Reliance Capital, Ltd. (S) 2,246 29,370
Reliance Communication, Ltd., GDR (S) 31,056 74,966
Reliance Industries, Ltd., GDR 30,655 1,453,660
Reliance Infrastructure, Ltd., GDR (S) 708 32,861
Satyam Computer Services, Ltd., ADR (I) 7,380 22,288
State Bank of India, GDR 1,411 182,019
Tata Motors, Ltd., SADR 9,689 269,257
Ultratech Cement, Ltd., GDR 137 6,952
Wipro, Ltd., ADR (L) 18,054 264,491
 
    5,452,664
Indonesia - 0.57%    
Adaro Energy Tbk PT 129,500 32,543
Aneka Tambang Tbk PT 142,375 37,531
Astra Agro Lestari Tbk PT 4,842 12,602
Astra International Tbk PT 49,517 323,587
Bank Central Asia Tbk PT 305,726 243,560
Bank Danamon Indonesia Tbk PT 86,928 65,305
Bank Mandiri Tbk PT 210,726 165,041
Bank Rakyat Indonesia Tbk PT 279,998 184,494
Bumi Resources Tbk PT 451,220 173,243
Gudang Garam Tbk PT 13,000 62,656
Indo Tambangraya Megah PT 5,500 29,133

 

191

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Indonesia (continued)    
Indocement Tunggal Prakarsa Tbk PT 27,013 $ 50,649
Indofood Sukses Makmur Tbk PT 130,595 80,870
Indosat Tbk PT 23,500 14,284
International Nickel Indonesia Tbk PT 77,500 42,409
Perusahaan Gas Negara Tbk PT 279,515 124,981
Semen Gresik Persero Tbk PT 12,360 12,921
Tambang Batubara Bukit Asam Tbk PT 21,000 50,578
Telekomunikasi Indonesia Tbk PT 173,500 146,089
Unilever Indonesia Tbk PT 43,000 75,512
United Tractors Tbk PT 40,120 100,030
 
    2,028,018
Ireland - 0.33%    
Anglo Irish Bank Corp. PLC (I) 15,416 0
Bank of Ireland (I) 52,722 16,418
C&C Group PLC 224 1,013
CRH PLC 1,491 34,306
CRH PLC (London Exchange) 15,406 353,569
Elan Corp. PLC (I) 1,399 9,640
Experian PLC 21,490 266,193
Kerry Group PLC - London Exchange 3,278 122,179
Ryanair Holdings PLC, SADR 1,203 33,443
Shire PLC 11,864 344,488
 
    1,181,249
Israel - 0.49%    
Bank Hapoalim, Ltd. (I) 25,834 134,203
Bank Leumi Le-Israel, Ltd. 23,381 119,573
Bezek Israeli Telecommunications Corp., Ltd. 32,563 96,443
Cellcom Israel, Ltd. 797 26,157
Delek Group, Ltd. 32 8,666
Elbit Systems, Ltd. 219 12,183
Israel Chemicals, Ltd. 8,453 138,919
Israel Corp., Ltd. 23 27,512
Israel Discount Bank, Ltd. (I) 7,050 14,850
Makhteshim-Agan Industries, Ltd. (I) 9,357 49,448
Mizrahi Tefahot Bank, Ltd. 3,560 40,158
Nice Systems, Ltd. (I) 1,795 66,295
Partner Communications Company, Ltd. 2,436 46,272
Teva Pharmaceutical Industries, Ltd. 19,041 955,272
 
    1,735,951
Italy - 1.83%    
A2A SpA 13,168 21,349
Assicurazioni Generali SpA 23,431 507,520
Autogrill SpA (I) 1,731 24,362
Autostrade SpA 6,130 140,550
Banca Carige SpA (I) 7,526 17,826
Banca Intesa SpA 17,851 47,196
Banca Monte dei Paschi di Siena SpA (I)(L) 68,923 86,039
Banche Popolari Unite SpA 15,304 130,964
Banco Popolare Societa Cooperativa 26,928 80,343
BGP Holdings PLC (I) 130,653 0
Enel SpA 137,230 864,967
Eni SpA 54,278 1,332,387
Exor SpA 1,040 32,004
Fiat Industrial SpA (I) 16,787 240,747
Fiat SpA 16,787 152,117
Finmeccanica SpA 7,373 92,870
Intesa Sanpaolo SpA 161,970 479,580
Luxottica Group SpA 2,012 65,788
Mediaset SpA 20,023 127,351
Mediobanca SpA 8,503 87,031
Mondadori (Arnoldo) Editore SpA (I) 29 113
Parmalat SpA (I) 30,411 101,959
Pirelli & Company SpA 3,714 32,640

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Italy (continued)    
Prelios SpA (I) 3,714 $ 2,896
Prysmian SpA 2,628 56,385
Saipem SpA 5,545 294,498
Snam Rete Gas SpA 31,977 179,820
Telecom Italia SpA 199,367 307,005
Telecom Italia SpA 125,634 169,202
Terna Rete Elettrica Nazionale SpA 22,829 109,379
UniCredit Italiano SpA 284,712 704,135
 
    6,489,023
Japan - 12.60%    
Advantest Corp. 2,820 50,786
AEON Company, Ltd. 14,296 165,681
AEON Credit Service Company, Ltd. 2,023 27,847
Aeon Mall Company, Ltd. 1,300 27,913
Air Water, Inc. 2,000 24,145
Aisin Seiki Company, Ltd. 4,421 153,497
Ajinomoto Company, Inc. 14,695 151,631
Alfresa Holdings Corp. 600 23,046
All Nippon Airways Company, Ltd. 8,285 24,702
Amada Company, Ltd. 4,171 34,800
Aozora Bank, Ltd. (L) 10,000 22,602
Asahi Breweries, Ltd. 8,699 144,635
Asahi Glass Company, Ltd. 20,809 261,676
Asahi Kasei Corp. 28,037 186,384
Astellas Pharma, Inc. 9,305 343,110
Bank of Kyoto, Ltd. 6,000 53,090
Bank of Yokohama, Ltd. 27,684 131,464
Benesse Holdings, Inc. 1,046 42,818
Bridgestone Corp. 12,747 265,068
Brother Industries, Ltd. 4,300 63,171
Canon, Inc. 22,926 997,741
Casio Computer Company, Ltd. 2,767 21,889
Central Japan Railway Company, Ltd. 32 253,522
Chiba Bank, Ltd. 15,104 84,617
Chubu Electric Power Company, Inc. 13,523 300,764
Chugai Pharmaceutical Company, Ltd. 3,984 68,587
Chugoku Bank, Ltd. 3,000 34,047
Chugoku Electric Power Company, Inc. 6,400 118,336
Chuo Mitsui Trust Holdings, Inc. 13,990 49,616
Citizen Watch Company, Ltd. 2,965 17,074
Cosmo Oil Company, Ltd. 10,000 31,137
Credit Saison Company, Ltd. 1,809 29,099
Dai Nippon Printing Company, Ltd. 11,047 134,535
Daicel Chemical Industries, Ltd. 6,000 37,004
Daido Steel Company, Ltd. 3,000 17,059
Daihatsu Motor Company, Ltd. 4,000 58,283
Daiichi Sankyo Company, Ltd. 14,328 276,638
Daikin Industries, Ltd. 5,185 155,276
Dainippon Sumitomo Pharma Company, Ltd. 3,500 32,610
Daito Trust Construction Company, Ltd. 1,581 107,782
Daiwa House Industry Company, Ltd. 10,285 125,617
Daiwa Securities Group, Inc. 33,649 154,531
Dena Company, Ltd. 1,500 54,190
Denki Kagaku Kogyo Kabushiki Kaisha 7,523 37,081
Denso Corp. 10,378 344,353
Dentsu, Inc. 4,200 107,404
Dowa Holdings Company, Ltd. 223 1,389
East Japan Railway Company (L) 7,300 401,140
Eisai Company, Ltd. 5,548 199,029
Electric Power Development Company, Ltd. 2,400 73,922
Elpida Memory, Inc. (I)(L) 3,300 42,490
FamilyMart Company, Ltd. 740 27,554
Fanuc, Ltd. 3,921 589,410
Fast Retailing Company, Ltd. 1,034 129,405

 

192

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Fuji Electric Holdings Company, Ltd. 3,580 $ 11,144
Fuji Heavy Industries, Ltd. 14,000 90,214
Fuji Television Network, Inc. 3 4,198
FUJIFILM Holdings Corp. 9,233 285,937
Fujitsu, Ltd. 35,379 199,905
Fukuoka Financial Group, Inc. 13,000 54,076
Furukawa Electric Company, Ltd. (L) 9,000 36,355
GS Yuasa Corp. 4,000 26,593
Gunma Bank 7,523 39,885
Hankyu Hanshin Holdings, Inc. 28,600 132,032
Hino Motors, Ltd. 1,114 5,451
Hirose Electric Company, Ltd. 717 76,551
Hisamitsu Pharmaceutical Company, Inc. 1,200 48,401
Hitachi Chemical, Ltd. 1,316 26,754
Hitachi Construction    
Machinery Company, Ltd. 2,157 54,016
Hitachi High-Technologies Corp. 1,700 33,906
Hitachi Metals, Ltd. 2,000 25,198
Hitachi, Ltd. 95,882 494,460
Hokkaido Electric Power Company, Inc. 2,332 45,221
Hokuhoku Financial Group, Inc. 12,866 25,058
Hokuriku Electric Power Company 2,700 60,804
Honda Motor Company, Ltd. 32,838 1,229,231
Hoya Corp. 9,008 205,544
Ibiden Company, Ltd. 1,800 56,464
Idemitsu Kosan Company, Ltd. 300 35,129
Inpex Corp. 43 323,474
Isetan Mitsukoshi Holdings, Ltd. (L) 6,276 56,513
Ishikawajima-Harima Heavy    
Industries Company, Ltd. 15,866 38,155
Isuzu Motors, Ltd. 30,000 118,658
Itochu Corp. 31,798 332,965
Itochu Techno-Science Corp. 252 8,042
Iyo Bank, Ltd. 5,000 41,657
J Front Retailing Company, Ltd. 9,000 37,437
Japan Real Estate Investment Corp. 7 65,850
Japan Retail Fund Investment Corp. 16 25,044
Japan Tobacco, Inc. 95 339,998
JFE Holdings, Inc. 9,938 290,804
JGC Corp. 3,114 72,388
Joyo Bank, Ltd. 9,047 35,157
JS Group Corp. 5,784 150,198
JSR Corp. 2,867 56,719
Jupiter Telecommunications Company, Ltd. 20 19,548
JX Holdings, Inc. 49,000 329,887
Kajima Corp. 14,809 41,403
Kamigumi Company, Ltd. 3,466 29,626
Kaneka Corp. 6,000 41,765
Kansai Electric Power Company, Ltd. 15,922 344,642
Kansai Paint Company, Ltd. 2,762 23,709
Kao Corp. 11,738 292,815
Kawasaki Heavy Industries, Ltd. 21,037 92,565
Kawasaki Kisen Kaisha, Ltd. 9,933 36,661
KDDI Corp. 63 386,656
Keihin Electric Express    
Railway Company, Ltd. 8,933 63,678
Keio Corp. 8,285 49,503
Keisei Electric Railway Company, Ltd. 3,000 17,204
Keyence Corp. 952 241,340
Kikkoman Corp. 1,762 16,607
Kintetsu Corp. (L) 40,208 128,736
Kirin Holdings Company, Ltd. 16,104 211,609
Kobe Steel Company, Ltd. 56,483 144,701
Koito Manufacturing Company, Ltd. 2,000 32,051
Komatsu, Ltd. 19,170 646,893

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Konami Corp. 557 $ 10,153
Konica Minolta Holdings, Inc. 10,109 84,708
Koyo Seiko Company, Ltd. 2,457 31,617
Kubota Corp. 22,218 207,320
Kuraray Company, Ltd. 6,200 79,904
Kurita Water Industries, Ltd. 1,981 58,563
Kyocera Corp. 3,462 350,862
Kyowa Hakko Kogyo Company, Ltd. 4,862 45,592
Kyushu Electric Power Company, Inc. 8,469 165,450
Lawson, Inc. 869 41,893
Mabuchi Motor Company, Ltd. 282 13,296
Makita Corp. 1,557 72,440
Marubeni Corp. 34,798 250,589
Marui Company, Ltd. 2,436 15,727
Matsui Securities Company, Ltd. 2,100 11,411
Matsushita Electric Industrial Company, Ltd. 42,307 538,120
Mazda Motor Corp. (I) 31,000 68,201
McDonald’s Holdings Company, Ltd. 1,100 26,390
Mediceo Holdings Company, Ltd. 2,900 25,660
MEIJI Holdings Company, Ltd. 1,200 48,257
Minebea Company, Ltd. 5,523 30,477
Mitsubishi Chemical Holdings Corp. 25,500 160,333
Mitsubishi Corp. 28,344 786,803
Mitsubishi Electric Corp. 41,027 478,606
Mitsubishi Estate Company, Ltd. 25,218 426,566
Mitsubishi Gas & Chemicals Company, Inc. 7,000 49,552
Mitsubishi Heavy Industries, Ltd. 59,063 268,432
Mitsubishi Materials Corp. 13,980 47,396
Mitsubishi Motors Corp. (I) 90,000 110,363
Mitsubishi UFJ Financial Group 256,400 1,183,669
Mitsubishi UFJ Lease &    
Finance Company, Ltd. 660 26,462
Mitsui & Company, Ltd. 36,989 663,027
Mitsui Chemicals, Inc. 6,990 24,706
Mitsui Engineering &    
Shipbuilding Company, Ltd. 8,638 20,666
Mitsui Fudosan Company, Ltd. 17,752 288,217
Mitsui Mining & Smelting Company, Ltd. 7,990 27,760
Mitsui O.S.K. Lines, Ltd. 25,513 146,919
Mitsui Sumitomo Insurance Group Holdings 10,400 236,807
Mitsumi Electric Company, Ltd. 899 11,964
Mizuho Financial Group, Inc. (L) 409,300 679,050
Mizuho Trust & Banking Company, Ltd. 33,000 29,755
Murata Manufacturing Company, Ltd. 4,296 309,366
Namco Bandai Holdings, Inc. 3,367 36,714
NEC Corp. (I) 61,617 134,079
NGK INSULATORS, Ltd. 4,171 74,565
NGK Spark Plug Company, Ltd. 1,762 24,064
NHK Spring Company, Ltd. 1,000 9,906
Nidec Corp. 2,286 197,874
Nikon Corp. 7,219 148,841
Nintendo Company, Ltd. 2,092 565,127
Nippon Building Fund, Inc. 13 126,101
Nippon Electric Glass Company, Ltd. 6,000 84,972
Nippon Express Company, Ltd. 11,809 45,288
Nippon Meat Packers, Inc. 2,000 25,222
Nippon Paper Group, Inc. 1,500 31,621
Nippon Sheet Glass Company, Ltd. 8,171 23,576
Nippon Steel Corp. 107,536 343,888
Nippon Telegraph & Telephone Corp. 9,500 426,188
Nippon Yusen Kabushiki Kaisha 25,923 101,286
Nishi-Nippon City Bank, Ltd. 4,000 11,493
Nissan Chemical Industries, Ltd. 1,762 18,217
Nissan Motor Company, Ltd. 52,890 469,257
Nisshin Seifun Group, Inc. 1,614 18,608

 

193

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Nisshin Steel Company 7,047 $ 15,165
Nissin Food Products Company, Ltd. 916 32,228
Nitori Company, Ltd. 468 40,859
Nitto Denko Corp. 3,532 184,878
NKSJ Holdings, Inc. 30,000 192,853
NOK Corp. 1,492 26,195
Nomura Holdings, Inc. 70,907 370,817
Nomura Real Estate Holdings, Inc. 2,300 34,868
Nomura Real Estate Office Fund, Inc. 2 13,537
Nomura Research Institute, Ltd. 1,311 28,937
NSK, Ltd. 6,000 51,719
NTN Corp. 4,228 20,281
NTT Data Corp. 31 95,818
NTT DoCoMo, Inc. 326 567,367
Obayashi Corp. 15,638 69,464
Odakyu Electric Railway Company, Ltd. 14,695 123,842
Oji Paper Company, Ltd. 21,809 103,565
Olympus Corp. 4,866 135,368
Omron Corp. 3,261 91,659
Ono Pharmaceutical Company, Ltd. 1,200 58,713
Oracle Corp. 752 31,149
Oriental Land Company, Ltd. 793 63,017
ORIX Corp. (L) 2,186 204,724
Osaka Gas Company, Ltd. 43,845 173,839
Otsuka Corp. 100 6,432
Otsuka Holdings Company, Ltd. 4,600 113,540
Rakuten, Inc. 165 147,114
Resona Holdings, Inc. 35,000 166,627
Ricoh Company, Ltd. 12,399 145,485
Rinnai Corp. 652 43,268
Rohm Company, Ltd. 1,827 113,445
Sankyo Company, Ltd. 793 40,661
Santen Pharmaceutical Company, Ltd. 1,200 47,519
Sapporo Hokuyo Holdings, Inc. 5,600 26,930
Sapporo Holdings, Ltd. 2,466 9,190
SBI Holdings, Inc. 304 38,265
Secom Company, Ltd. 4,590 212,016
Sega Sammy Holdings, Inc. 3,492 59,765
Seiko Epson Corp. 2,700 42,938
Sekisui Chemical Company, Ltd. 5,228 40,916
Sekisui House, Ltd. 10,638 99,029
Senshu Ikeda Holdings, Inc. 9,400 12,609
Seven & I Holdings Company, Ltd. 15,881 405,139
Sharp Corp. (L) 21,218 208,297
Shikoku Electric Power Company, Inc. 2,700 73,456
Shimadzu Corp. 5,000 44,422
Shimamura Company, Ltd. 276 24,322
Shimano, Inc. 1,069 53,399
Shimizu Corp. (L) 7,695 34,229
Shin-Etsu Chemical Company, Ltd. 8,711 433,037
Shinko Electric Industries Company, Ltd. 1,600 16,389
Shinko Securities Company, Ltd. (I) 12,000 31,883
Shinsei Bank, Ltd. 9,094 10,610
Shionogi & Company, Ltd. 6,823 116,396
Shiseido Company, Ltd. 7,223 125,044
Shizuoka Bank, Ltd. 11,342 93,812
Showa Denko KK 23,000 46,177
Showa Shell Sekiyu KK 3,800 39,654
SMC Corp. 1,164 189,640
Softbank Corp. 16,888 667,735
Sojitz Holdings Corp. 15,191 29,835
Sony Corp. 20,042 635,650
Sony Financial Holdings, Inc. 2,200 43,215
Square Enix Company, Ltd. 600 10,290
Stanley Electric Company, Ltd. 1,808 29,705

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Sumco Corp. (I) 2,300 $ 46,371
Sumitomo Chemical Company, Ltd. (L) 35,446 176,846
Sumitomo Corp. 23,466 335,430
Sumitomo Electric Industries, Ltd. 16,599 229,688
Sumitomo Heavy Industries, Ltd. 8,000 52,224
Sumitomo Metal Industries, Ltd. 73,577 164,527
Sumitomo Metal Mining Company, Ltd. 11,285 194,143
Sumitomo Mitsui Financial Group 27,100 842,517
Sumitomo Realty &    
Development Company, Ltd. 6,876 137,553
Suruga Bank, Ltd. 2,114 18,756
Suzuken Company, Ltd. 1,223 32,259
Suzuki Motor Corp. 7,900 176,558
Sysmex Corp. 1,000 35,147
T&D Holdings, Inc. 5,991 147,650
Taisei Corp. 16,866 41,567
Taisho Pharmaceuticals Company, Ltd. 1,762 38,129
Taiyo Nippon Sanso Corp. 3,819 31,473
Takashimaya Company, Ltd. 6,000 37,991
Takeda Pharmaceutical Company, Ltd. 15,049 701,973
Tanabe Seiyaku Company, Ltd. 3,000 48,690
TDK Corp. 2,468 145,831
Teijin, Ltd. 12,104 54,132
Terumo Corp. 3,203 168,853
The 77th Bank, Ltd. 6,523 32,780
The Dai-ichi Life Insurance Company, Ltd. 173 261,018
The Hachijuni Bank, Ltd. 6,000 34,552
The Hiroshima Bank, Ltd. 8,000 34,720
The Japan Steel Works, Ltd. 5,000 38,473
The Sumitomo Trust &    
Banking Company, Ltd. 31,446 162,939
The Tokyo Electric Power Company, Inc. 26,867 150,517
THK Company, Ltd. 1,481 36,888
Tobu Railway Company, Ltd. 11,752 48,037
Toho Company, Ltd. 2,300 32,988
Toho Gas Company, Ltd. 6,000 30,705
Tohoku Electric Power Company, Inc. 9,480 159,181
Tokio Marine Holdings, Inc. 15,500 414,427
Tokuyama Corp. 2,000 10,676
Tokyo Electron, Ltd. 3,532 194,689
Tokyo Gas Company, Ltd. 50,835 230,612
Tokyo Steel Manufacturing Company, Ltd. 900 10,506
Tokyo Tatemono Company, Ltd. 6,000 22,433
Tokyu Corp. 28,866 118,521
Tokyu Land Corp. 5,171 22,504
TonenGeneral Sekiyu KK 4,171 51,498
Toppan Printing Company, Ltd. 13,990 110,332
Toray Industries, Inc. 29,389 210,761
Toshiba Corp. 86,711 424,277
Toto, Ltd. 3,171 25,237
Toyo Seikan Kaisha, Ltd. 2,009 32,944
Toyo Suisan Kaisha, Ltd. 705 15,307
Toyoda Gosei Company, Ltd. 1,300 26,777
Toyota Boshoku Corp. 1,400 19,907
Toyota Industries Corp. 4,490 134,565
Toyota Motor Corp. 56,447 2,257,875
Toyota Tsusho Corp. 3,500 57,730
Trend Micro, Inc. 1,733 45,757
Tsumura & Company, Ltd. 1,200 37,653
Ube Industries, Ltd. 18,037 57,463
Unicharm Corp. 3,158 114,158
UNY Company, Ltd. 1,862 17,235
Ushio, Inc. 2,257 44,147
USS Company, Ltd. 550 42,781
West Japan Railway Company, Ltd. 38 145,419

 

194

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Yahoo! Japan Corp. 332 $ 118,782
Yakult Honsha Company, Ltd. 1,300 33,227
Yamada Denki Company, Ltd. 1,676 111,596
Yamaguchi Financial Group, Inc. 3,000 27,771
Yamaha Corp. 1,926 21,673
Yamaha Motor Company, Ltd. (I) 6,591 113,911
Yamato Transport Company, Ltd. 9,080 140,818
Yamazaki Baking Company, Ltd. 1,409 16,414
Yaskawa Electric Corp. 5,000 59,269
Yokogawa Electric Corp. (I) 4,600 35,061
 
    44,783,084
Luxembourg - 0.35%    
Aperamaperam 894 35,919
ArcelorMittal 17,898 648,506
Millicom International Cellular SA 1,329 127,126
Reinet Investments SCA (I) 1,493 26,345
SES SA 5,667 145,946
Tenaris SA 9,937 244,971
 
    1,228,813
Malaysia - 0.67%    
Alliance Financial Group BHD 9,600 10,039
AMMB Holdings BHD 42,662 91,327
Asiatic Development BHD 10,500 27,706
Axiata Group BHD (I) 57,100 90,211
Berjaya Corp. BHD 3,580 768
Berjaya Corp. BHD (Kuala Lumpur Exchange) 35,800 13,450
Berjaya Sports Toto BHD 5,742 8,070
British American Tobacco Malaysia BHD 2,000 31,711
Bursa Malaysia BHD 6,400 17,597
Commerce Asset Holdings BHD 82,500 223,156
Digi.Com BHD 9,000 85,026
Gamuda BHD 39,100 49,859
Genting BHD 44,300 161,231
Hong Leong Bank BHD 12,100 39,374
Hong Leong Credit BHD 8,300 24,671
IJM Corp. BHD 16,720 35,342
IOI Corp. BHD 83,169 158,001
Kuala Lumpur Kepong BHD 12,100 84,718
Lafarge Malayan Cement BHD 4,470 10,918
Malayan Banking BHD 81,602 241,199
Maxis BHD 35,100 62,350
MISC BHD 32,040 83,193
MMC Corp. BHD 1,400 1,279
Parkson Holdings BHD 10,098 18,981
Petronas Dagangan BHD 1,400 7,629
Petronas Gas BHD 12,000 45,342
PLUS Expressways BHD 18,900 27,945
PPB Group BHD 12,900 72,451
Public Bank BHD - Foreign Market 24,000 104,079
Resorts World BHD 53,400 64,795
RHB Capital BHD 2,600 7,359
Sime Darby BHD 66,746 203,647
SP Setia BHD 5,300 11,028
Telekom Malaysia BHD 17,100 22,819
Tenaga Nasional BHD 56,125 115,750
UMW Holdings BHD 21,400 52,010
YTL Corp. BHD 19,196 47,105
YTL Power International BHD 20,937 15,904
 
    2,368,040
Mexico - 1.01%    
Alfa SAB de CV 5,602 72,521
America Movil SAB de CV, Series L 413,972 1,203,863
Cemex SAB de CV (I) 203,060 181,644

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Mexico (continued)    
Coca-Cola Femsa SAB de CV, Series L 6,253 $ 48,202
Desarrolladora Homex SAB de CV (I) 4,000 18,240
Fomento Economico Mexicano SA de CV 45,655 268,185
Grupo Aeroportuario del Pacifico SA    
de CV, Series B 9,900 42,315
Grupo Bimbo SA de CV 6,558 55,604
Grupo Carso SAB de CV 11,593 38,216
Grupo Elektra SA de CV 1,900 82,106
Grupo Financiero Banorte SAB de CV 28,753 135,371
Grupo Financiero Inbursa SA 14,778 68,048
Grupo Mexico SAB de CV, Series B 80,421 301,550
Grupo Modelo SA 13,617 81,855
Grupo Televisa SA (I) 49,383 243,045
Industrias Penoles SA de CV 1,998 73,499
Kimberly-Clark de Mexico SA de CV 10,300 64,072
Mexichem SAB de CV 13,992 52,583
Minera Frisco SAB de CV, Class A1 (I) 11,593 50,799
Telefonos de Mexico SA de CV 124,866 114,636
Urbi Desarrollos Urbanos SAB de CV (I) 11,100 25,803
Wal-Mart de Mexico SA de CV, Series V 125,258 375,949
 
    3,598,106
Netherlands - 1.86%    
Aegon NV (I) 37,270 279,233
Akzo Nobel NV 4,575 314,740
ASML Holding NV 8,577 378,304
Corio NV 1,686 118,090
Delta Lloyd NV 1,782 47,395
Fugro NV (I) 1,258 110,813
Heineken Holding NV 2,014 96,912
Heineken NV 5,788 316,262
ING Groep NV (I) 83,399 1,058,519
Koninklijke (Royal) KPN NV 33,187 565,929
Koninklijke Ahold NV 25,681 344,492
Koninklijke Boskalis Westinster NV 2,252 119,072
Koninklijke DSM NV 3,836 235,561
Koninklijke Philips Electronics NV 21,274 679,501
Koninklijke Vopak NV 1,380 66,475
Randstad Holdings NV 2,339 130,171
Reed Elsevier NV 13,238 170,542
SBM Offshore NV 3,388 98,570
TNT NV 9,243 237,446
Unilever NV 34,652 1,088,059
Wolters Kluwer NV 7,249 169,711
 
    6,625,797
New Zealand - 0.09%    
Auckland International Airport, Ltd. 72,550 122,598
Contact Energy, Ltd. (I) 3,444 15,294
Fletcher Building, Ltd. 14,468 103,098
Sky City Entertainment Group, Ltd. 25,517 65,788
 
    306,778
Norway - 0.57%    
Aker Solutions ASA 3,694 84,808
DnB NOR ASA 20,287 311,287
Norsk Hydro ASA (L) 20,407 167,265
Orkla ASA 17,208 166,966
Renewable Energy Corp. ASA (I)(L) 12,490 43,794
Statoil ASA 26,708 741,226
Telenor ASA 18,009 296,371
Yara International ASA 4,291 217,404
 
    2,029,121
Peru - 0.15%    
Compania de Minas Buenaventura SA 2,698 104,823

 

195

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Peru (continued)    
Compania de Minas Buenaventura SA, ADR 2,231 $ 95,866
Credicorp SA 1,295 136,882
Credicorp, Ltd., ADR 76 7,975
Southern Peru Copper Corp. 4,256 170,878
 
    516,424
Philippines - 0.13%    
Ascendas Real Estate Investment Trust 21,469 48,398
Ayala Corp. 3,611 32,005
Ayala Land, Inc. 90,600 32,343
Banco De Oro 12,831 15,352
Bank of the Philippine Islands 64,668 85,262
Energy Development Corp. (I) 36,498 5,052
Filinvest Land, Inc. 112,500 2,978
Globe Telecommunications, Inc. 140 2,875
Jollibee Foods Corp. 8,000 16,064
Manila Electric Company 13,252 78,719
Metropolitan Bank & Trust Company (I) 13,697 20,250
Philippine Long Distance Telephone Company 1,220 65,307
SM Investments Corp. 3,768 45,044
SM Prime Holdings, Ltd. 56,916 14,682
 
    464,331
Poland - 0.35%    
Asseco Poland SA PDA 710 13,472
Bank Handlowy w Warszawie SA 731 26,035
Bank Millennium SA (I) 8,840 18,154
Bank Pekao SA 2,951 176,894
Bank Zachodni WBK SA 356 28,433
BRE Bank SA (I) 413 49,951
Cyfrowy Polsat SA 3,617 20,158
Firma Oponiarska Debica SA 118 2,578
Getin Holding SA (I) 10,012 50,041
Globe Trade Centre SA (I) 1,844 13,822
Grupa Lotos SA (I) 517 8,033
ING Bank Slaski SA (I) 121 38,102
KGHM Polska Miedz SA 2,775 175,979
PBG SA (I) 67 4,434
Polish Oil & Gas Company 41,082 54,371
Polska Grupa Energetyczna SA 7,645 61,654
Polski Koncern Naftowy Orlen SA (I) 8,548 158,375
Powszechna Kasa Oszczednosci    
Bank Polski SA 15,367 236,563
Telekomunikacja Polska SA 17,687 109,535
TVN SA 1,422 9,079
 
    1,255,663
Portugal - 0.19%    
Banco Comercial Portugues SA 30,130 24,600
Banco Espirito Santo SA 10,883 44,589
Brisa Auto Estrada SA 9,466 64,027
Cimpor-Cimentos de Portugal SA 5,397 39,121
Electricidade de Portugal SA 46,778 182,323
Galp Energia SGPS SA 3,842 82,312
Jeronimo Martins SGPS SA 2,898 46,614
Portugal Telecom SGPS SA 15,439 178,543
 
    662,129
Russia - 1.81%    
Federal Grid Company Unified Energy System    
JSC, GDR (I)(S) 1,087 7,935
Gazprom OAO, SADR (I) 73,456 2,375,567
JSC MMC Norilsk Nickel, ADR 19,000 502,360
Lukoil OAO, ADR 14,541 1,038,082
Mechel, SADR 2,833 87,228
Mobile TeleSystems, SADR 10,817 229,645

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Russia (continued)    
NovaTek OAO, ADR 1,917 $ 266,900
Novolipetsk Steel, ADR 1,448 63,712
Polyus Gold Company ZAO, SADR 4,774 168,045
Rosneft Oil Company, GDR 38,621 352,006
Sberbank 1,396 578,279
Severstal, ADR 4,250 83,343
Sistema JSFC, Reg. S, GDR 1,756 51,142
Surgutneftegaz SADR 17,404 104,250
Surgutneftegaz, ADR 13,350 144,314
Tatneft, ADR 4,533 200,313
VTB Bank OJSC, GDR 21,911 153,555
Wimm-Bill-Dann Foods OJSC, ADR (I) 1,068 35,746
 
    6,442,422
Singapore - 1.11%    
Capitaland, Ltd. 52,412 137,345
CapitaMall Trust 59,850 89,157
CapitaMalls Asia, Ltd. 31,000 43,802
City Developments, Ltd. 10,285 94,166
ComfortDelGro Corp., Ltd. 41,731 51,669
Cosco Corp. Singapore, Ltd. 33,000 53,520
DBS Group Holdings, Ltd. 37,795 439,456
Fraser and Neave, Ltd. 20,900 99,728
Genting Singapore PLC (I) 99,800 161,975
Golden Agri-Resources, Ltd. 142,858 78,017
Hutchison Port Holdings Trust (I) 105,300 104,247
Jardine Cycle and Carriage, Ltd. 2,623 75,972
Keppel Corp., Ltd. 24,980 243,943
Keppel Land, Ltd. 16,000 56,887
Neptune Orient Lines, Ltd. 28,616 43,938
Olam International, Ltd. 34,457 76,382
Oversea-Chinese Banking Corp., Ltd. 52,819 401,691
SembCorp Industries, Ltd. 20,604 85,224
SembCorp Marine, Ltd. 23,293 108,003
Singapore Airlines, Ltd. 13,260 143,649
Singapore Exchange, Ltd. 20,399 127,112
Singapore Press Holdings, Ltd. 29,441 92,071
Singapore Technologies Engineering, Ltd. 33,798 87,301
Singapore Telecommunications, Ltd. 173,410 415,682
StarHub, Ltd. 21,000 44,990
United Overseas Bank, Ltd. 24,017 358,173
UOL Group, Ltd. 16,531 62,196
Wilmar International, Ltd. 32,000 138,860
Yangzijiang Shipbuilding Holdings, Ltd. (I) 27,000 38,802
 
    3,953,958
South Africa - 1.81%    
ABSA Group, Ltd. 8,676 175,000
African Bank Investments, Ltd. 13,371 74,887
African Rainbow Minerals, Ltd. 3,461 113,874
Anglo Platinum, Ltd. 1,472 151,417
AngloGold Ashanti, Ltd. 7,283 349,284
Aspen Pharmacare Holdings, Ltd. (I) 4,390 51,240
Aveng, Ltd. 9,037 47,672
Bidvest Group, Ltd. 7,302 160,606
Discovery Holdings, Ltd., ADR 6,145 34,594
FirstRand, Ltd. 58,792 174,681
Foschini, Ltd. 3,226 40,324
Gold Fields, Ltd. 16,520 288,667
Growthpoint Properties, Ltd. 29,612 75,686
Harmony Gold Mining Company, Ltd. 9,268 137,175
Impala Platinum Holdings, Ltd. 11,591 334,526
Imperial Holdings, Ltd. 3,486 58,837
Investec, Ltd. 4,332 33,812
Kumba Iron Ore, Ltd. 1,477 104,224

 

196

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Africa (continued)    
Kumba Resources, Ltd. 2,723 $ 66,437
Liberty Holdings, Ltd. 1,116 11,730
Massmart Holdings, Ltd. 5,254 108,685
Mittal Steel South Africa, Ltd. 2,574 34,250
MMI Holdings, Ltd. 9,922 24,440
MTN Group, Ltd. 34,339 692,985
Murray & Roberts Holdings, Ltd. 3,828 15,006
Naspers, Ltd., SADR 8,295 444,984
Nedbank Group, Ltd. 5,487 114,802
Netcare, Ltd. 24,570 52,645
Northam Platinum, Ltd. 3,938 25,548
Pick’n Pay Stores, Ltd. 4,153 28,282
Pretoria Portland Cement Company, Ltd. 18,222 64,645
Redefine Income Fund, Ltd. 45,895 50,880
Remgro, Ltd. 9,871 162,540
Reunert, Ltd. 1,838 15,923
RMB Holdings, Ltd. 17,617 72,765
Rmi Holdings 17,617 30,338
Sanlam, Ltd. 46,062 187,707
Sappi, Ltd. (I) 18,486 97,730
Sasol, Ltd. 12,571 728,074
Shoprite Holdings, Ltd. 10,318 158,097
Standard Bank Group, Ltd. 25,389 389,977
Steinhoff International Holdings, Ltd. (I) 22,337 83,095
Telkom SA, Ltd. 5,430 29,714
Tiger Brands, Ltd. 3,083 79,703
Trans Hex Group, Ltd. (I) 577 218
Truworths International, Ltd. 10,550 109,831
Vodacom Group, Ltd. 6,961 81,672
Woolworths Holdings, Ltd. 14,552 60,083
 
    6,429,292
South Korea - 3.42%    
Amorepacific Corp. 73 69,543
Asiana Airlines, Inc. (I) 566 5,129
BS Financial Group, Inc. (I) 4,805 69,647
Celltrion, Inc. (I) 1,540 48,825
Cheil Industries, Inc. 1,080 114,521
CJ CheilJedang Corp. 135 28,284
Daegu Bank 2,820 46,230
Daelim Industrial Company, Ltd. 470 45,749
Daewoo Engineering &    
Construction Company, Ltd. (I) 3,921 43,236
Daewoo International Corp. 1,547 52,323
Daewoo Securities Company, Ltd. (I) 3,500 71,307
Daewoo Shipbuilding & Marine    
Engineering Company, Ltd. 2,200 68,459
Dongbu Insurance Company, Ltd. 960 43,784
Dongkuk Steel Mill Company, Ltd. 1,370 49,248
Doosan Corp. 360 46,930
Doosan Heavy Industries and    
Construction Company, Ltd. 690 44,157
Doosan Infracore Company, Ltd. (I) 1,290 35,856
GLOVIS Company, Ltd. 300 42,728
GS Engineering & Construction Corp. 990 104,237
GS Holdings Corp. 1,190 101,208
Hana Financial Group, Inc. 3,640 157,792
Hanjin Heavy Industries &    
Construction Company, Ltd. (I) 256 7,631
Hanjin Shipping Company, Ltd. 227 7,067
Hanjin Shipping Holdings Company, Ltd. 357 5,138
Hankook Tire Company, Ltd. 1,700 55,475
Hanwha Chemical Corp. 892 35,132
Hanwha Corp. 1,010 46,517
Hite Holdings Company, Ltd. 206 3,283

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Honam Petrochemical Corp. 340 $ 119,887
Hynix Semiconductor, Inc. 11,220 319,411
Hyosung Corp. 550 44,056
Hyundai Department Store Company, Ltd. 420 54,310
Hyundai Development Company 790 22,938
Hyundai Engineering &    
Construction Company, Ltd. 1,090 78,548
Hyundai Heavy Industries Company, Ltd. 780 367,778
Hyundai Mipo Dockyard Company, Ltd. 270 46,028
Hyundai Mobis 1,500 448,074
Hyundai Motor Company, Ltd. 3,290 610,660
Hyundai Securities Company, Ltd. (I) 2,644 31,747
Hyundai Steel Company 1,420 180,949
Industrial Bank of Korea 4,670 80,289
Kangwon Land, Inc. 2,090 48,644
KB Financial Group, Inc. 7,650 400,336
KB Financial Group, Inc., ADR 206 10,747
KCC Corp. 100 33,111
Kia Motors Corp. 5,220 329,417
Korea Electric Power Corp. (I) 5,980 146,541
Korea Electric Power Corp., SADR (I) 744 9,107
Korea Exchange Bank 4,900 43,257
Korea Gas Corp. 830 27,672
Korea Investment Holdings Company, Ltd. (I) 1,090 41,635
Korea Life Insurance Company Ltd. (I) 4,330 29,921
Korea Line Corp. (I) 302 2,626
Korea Zinc Company, Ltd. 200 72,629
Korean Air Lines Company, Ltd. 807 48,166
Korean Reinsurance Company, Ltd. 24 280
KT Corp. 3,117 110,487
KT Corp. SADR 266 5,195
KT&G Corp. 2,210 114,955
Kumho Industrial Company, Ltd. (I) 247 2,854
LG Chem, Ltd. 924 387,091
LG Corp. 2,370 176,495
LG Display Company, Ltd. 5,650 176,892
LG Display Company, Ltd., ADR 57 897
LG Electronics, Inc. 2,000 191,104
LG Household & Health Care, Ltd. 180 67,505
LG Innotek Company, Ltd. 210 22,264
LG Uplus Corp. 5,871 33,130
Lotte Confectionery Company, Ltd. 4 5,466
Lotte Shopping Company, Ltd. 240 98,236
LS Cable, Ltd. 380 38,215
LS Industrial Systems Company, Ltd. 440 32,443
Mirae Asset Securities Company, Ltd. 285 12,166
NCSoft Corp. 320 73,083
NHN Corp. (I) 1,018 177,595
OCI Company, Ltd. 380 170,930
POSCO 1,410 647,043
S-Oil Corp. 1,000 137,493
S1 Corp. 140 7,182
Samsung Card Company, Ltd. 900 45,503
Samsung Corp. 2,410 157,464
Samsung Electro-Mechanics Company, Ltd. 1,440 153,965
Samsung Electronics Company, Ltd. 2,303 1,953,818
Samsung Engineering Company, Ltd. 580 110,359
Samsung Fire & Marine    
Insurance Company, Ltd. 720 159,030
Samsung Heavy Industries Company, Ltd. 3,310 120,397
Samsung SDI Company, Ltd. 880 134,532
Samsung Securities Company, Ltd. (I) 1,060 77,727
Samsung Techwin Company, Ltd. 797 57,933
Seoul Semiconductor Company, Ltd. 720 28,081

 

197

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Shinhan Financial Group    
Company, Ltd., SADR 175 $ 15,850
Shinhan Financial Group Company, Ltd. 9,270 421,268
Shinsegae Company, Ltd. 708 168,319
SK Broadband Company, Ltd. (I) 4,618 20,018
SK C&C Company, Ltd. 340 30,096
SK Energy Company, Ltd. 1,167 222,627
SK Holdings Company, Ltd. 592 89,408
SK Networks Company, Ltd. 2,970 33,249
SK Telecom Company, Ltd. 920 137,126
SK Telecom Company, Ltd. ADR 657 12,358
STX Pan Ocean Company, Ltd. 2,370 21,389
Tong Yang Investment Bank (I) 2,977 21,350
Woongjin Coway Company, Ltd. 1,060 36,575
Woori Finance Holdings Company, Ltd. 6,360 84,196
Woori Investment & Securities Company, Ltd. 1,860 33,999
Yuhan Corp. 199 26,849
 
    12,160,407
Spain - 2.35%    
Abertis Infraestructuras SA 5,089 110,530
Acciona SA 627 68,126
Acerinox SA 2,601 51,324
ACS Actividades de Construccion    
y Servicios SA 2,850 133,704
Amadeus IT Holding SA, A Shares (I) 3,953 75,654
Banco Bilbao Vizcaya Argentaria SA 86,901 1,055,022
Banco de Sabadell SA 15,778 69,109
Banco de Valencia SA (I)(L) 4,686 20,980
Banco Popular Espanol SA 19,770 116,235
Banco Santander SA (I) 176,326 2,055,020
Bankinter SA (L) 3,875 26,588
Criteria Caixacorp SA 16,111 113,751
EDP Renovaveis SA (I) 2,863 20,581
Enagas SA 4,243 95,699
Ferrovial SA (I) 7,864 98,642
Fomento de Construcciones SA 418 13,856
Gas Natural SDG SA 3,995 75,021
Gestevision Telecinco SA 2,419 27,677
Grifols SA 2,505 43,719
Iberdrola Renovables SA 20,197 87,147
Iberdrola SA 81,615 709,863
Inditex SA 4,665 374,492
Indra Sistemas SA 1,914 38,402
Mapfre SA 14,284 53,853
Red Electrica De Espana 2,102 119,396
Repsol YPF SA 15,775 541,321
Telefonica SA 84,041 2,104,112
Zardoya Otis SA 2,678 44,456
 
    8,344,280
Sweden - 1.80%    
Alfa Laval AB 3,968 86,118
Assa Abloy AB, Series B 6,501 186,899
Atlas Copco AB, Series A 11,483 305,280
Atlas Copco AB, Series B 5,423 131,125
Boliden AB 6,000 128,963
CDON Group AB (I) 1,132 6,131
Electrolux AB (L) 4,995 128,896
Getinge AB, Series B 3,600 88,965
Hennes & Mauritz AB, B Shares 20,436 679,298
Hexagon AB (I) 4,600 109,753
Holmen AB, Series B 229 7,917
Husqvarna AB, B Shares 2,659 22,828
Investor AB, B Shares (L) 7,800 189,360

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Sweden (continued)    
Modern Times Group AB, B Shares 1,132 $ 86,072
Nordea Bank AB (L) 52,081 570,282
Sandvik AB 15,393 291,017
Scania AB, Series B 5,700 132,370
Securitas AB, Series B 1,701 20,256
Skandinaviska Enskilda Banken    
AB, Series A (L) 22,665 202,232
Skanska AB, Series B (L) 6,841 144,018
SKF AB, B Shares 7,948 231,476
SSAB AB, Series A (L) 1,427 22,582
Svenska Cellulosa AB (L) 9,724 156,446
Svenska Handelsbanken AB, Series A (L) 9,761 320,387
Swedbank AB, Class A (L) 13,850 237,081
Swedish Match AB 4,847 161,107
Tele2 AB, Series B 1,743 40,353
Telefonaktiebolaget LM Ericsson, B Shares 61,750 794,089
Teliasonera AB (L) 48,557 419,962
Volvo AB, Series B (L) 28,880 507,446
 
    6,408,709
Switzerland - 5.33%    
ABB, Ltd. (I) 46,244 1,113,366
Actelion, Ltd. (I) 2,680 154,120
Adecco SA 3,024 199,162
Aryzta AG 1,920 98,212
Baloise Holding AG 1,167 115,635
Compagnie Financiere Richemont SA 11,016 636,117
Credit Suisse Group AG (I) 22,918 973,905
GAM Holding, Ltd. (I) 6,086 115,639
Geberit AG (I) 951 207,295
Givaudan AG (I) 189 190,295
Holcim, Ltd. (I) 5,177 389,868
Julius Baer Group, Ltd. (I) 5,090 220,946
Kuehne & Nagel International AG 1,341 187,607
Lindt & Spruengli AG 23 66,393
Lindt & Spruengli AG - REG 3 97,505
Logitech International SA (I) 4,876 87,909
Lonza Group AG (I) 1,227 102,795
Nestle SA 71,095 4,079,410
Novartis AG 43,220 2,343,266
Pargesa Holding SA, ADR 692 66,261
Roche Holdings AG 14,192 2,027,206
Schindler Holding AG 1,370 164,587
Schindler Holding AG - REG 573 69,219
SGS SA 131 233,428
Sika AG 46 110,751
Sonova Holding AG 1,141 101,687
Straumann Holding AG 206 52,963
Swatch Group AG 1,096 87,111
Swiss Life Holding (I) 685 113,220
Swiss Reinsurance Company, Ltd. (I) 8,146 466,253
Swisscom AG 571 254,588
Syngenta AG 1,996 648,869
Synthes AG 1,468 198,659
The Swatch Group AG, BR Shares 651 287,711
Transocean, Ltd. (I) 6,712 526,929
UBS AG (Swiss Exchange) (I) 74,231 1,332,431
Zurich Financial Services AG (I) 2,916 816,416
 
    18,937,734
Taiwan - 2.03%    
Acer, Inc. 41,783 85,288
Advanced Semiconductor Engineering, Inc. 72,104 78,592
Advantech Company, Ltd. 6,541 20,225
Asia Cement Corp. 19,010 21,347

 

198

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Asia Optical Company, Inc. (I) 59 $ 115
Asustek Computer, Inc. 9,635 83,302
AU Optronics Corp. (I) 111,616 97,588
Catcher Technology Company, Ltd. 10,384 51,413
Cathay Financial Holdings Company, Ltd. 104,265 171,950
Chang Hwa Commercial Bank, Ltd. 74,000 59,414
Cheng Shin Rubber Industry Company, Ltd. 10,993 25,500
Cheng Uei Precision Industry Company, Ltd. 6,814 13,215
Chicony Electronics Company, Ltd. 9,450 16,942
Chimei Innolux Corp. (I) 68,007 69,770
China Airlines, Ltd. (I) 14,682 8,435
China Development Financial Holdings Corp. 144,799 58,378
China Motor Company, Ltd. 40 33
China Steel Corp. 196,651 234,932
Chinatrust Financial Holding Company, Ltd. 150,861 128,113
Chunghwa Picture Tubes, Ltd. (I) 24,827 3,091
Chunghwa Telecom Company, Ltd. 57,165 178,076
CMC Magnetics Corp. (I) 52,000 12,597
Compal Communications, Inc. 307 280
Compal Electronics, Inc. 60,071 59,606
Coretronic Corp. 17,000 27,436
D-Link Corp. 934 869
Delta Electronics, Inc. 27,475 108,881
E.Sun Financial Holding Company, Ltd. 27,972 17,603
Epistar Corp. 11,828 43,372
Eternal Chemical Company, Ltd. 11,757 13,878
EVA Airways Corp. (I) 13,601 10,712
Evergreen Marine Corp. (I) 22,000 18,323
Everlight Electronics Company, Ltd. 4,356 12,312
Far Eastern Department Stores Company, Ltd. 14,410 22,777
Far Eastern New Century Corp. 45,340 70,082
Far EasTone    
Telecommunications Company, Ltd. 18,927 28,327
Feng Hsin Iron & Steel Co., Ltd. 12,000 21,280
Firich Enterprises Co., Ltd. 426 641
First Financial Holding Company, Ltd. 75,661 64,866
Formosa Chemicals & Fibre Corp. 46,350 175,612
Formosa Petrochemical Corp. 18,990 62,278
Formosa Plastic Corp. 77,700 273,393
Formosa Taffeta Company, Ltd. 16,000 16,067
Foxconn Technology Company, Ltd. 7,608 29,007
Fubon Financial Holding Company, Ltd. 77,696 103,212
HannStar Display Corp. (I) 85,449 15,185
Hon Hai Precision Industry Company, Ltd. 173,470 607,923
HTC Corp. 13,837 541,461
Hua Nan Financial Holdings Company, Ltd. 53,658 40,100
Inotera Memories, Inc. (I) 46,616 23,795
Inventec Appliances Corp. 488 386
Inventec Company, Ltd. 33,107 16,875
KGI Securities Company, Ltd. 44,000 21,067
Kinsus Interconnect Technology Corp. 4,422 13,612
Largan Precision Company, Ltd. 1,101 29,752
Lite-On Technology Corp. 24,364 30,006
Macronix International Company, Ltd. 36,847 24,448
MediaTek, Inc. 17,977 206,502
Mega Financial Holding Company, Ltd. 126,000 99,228
Mitac International 7,319 3,145
Mosel Vitelic, Inc. (I) 315 158
Motech Industries, Inc. 3,524 15,285
Nan Ya Plastics Corp. 108,520 319,659
Nan Ya Printed Circuit Board Corp. 3,140 9,368
Nanya Technology Corp. (I) 25,817 13,451
Novatek Microelectronics Corp., Ltd. 8,277 24,346
Pan-International Industrial Company, Ltd. 267 311
Pegatron Corp. (I) 25,934 29,380

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Phison Electronics Corp. 2,399 $ 13,426
Pixart Imaging, Inc. 2,019 8,312
Polaris Securities Company, Ltd. 18,150 12,286
Pou Chen Corp. 26,247 24,239
Powerchip Semiconductor Corp. (I) 13,400 2,898
Powertech Technology, Inc. 11,397 35,658
President Chain Store Corp. 10,224 45,339
Qisda Corp. (I) 25,272 15,305
Quanta Computer, Inc. 36,198 68,358
Realtek Semiconductor Corp. 8,193 14,717
Richtek Technology Corp. 1,212 8,391
Shin Kong Financial    
Holding Company, Ltd. (I) 114,466 49,654
Siliconware Precision Industries Company 45,426 56,245
Simplo Technology Company, Ltd. 5,500 34,426
SinoPac Holdings Company, Ltd. 67,000 30,202
Synnex Technology International Corp. 13,506 31,482
Taishin Financial Holdings Company, Ltd. (I) 46,568 26,380
Taiwan Cement Corp. 50,476 60,907
Taiwan Cooperative Bank 57,860 45,416
Taiwan Fertilizer Company, Ltd. 11,000 32,332
Taiwan Glass Industrial Corp. 18,285 23,098
Taiwan Mobile Company, Ltd. 29,242 68,804
Taiwan Semiconductor    
Manufacturing Company, Ltd. 495,316 1,187,597
Tatung Company, Ltd. (I) 73,000 16,757
Teco Electric & Machinery Company, Ltd. 32,000 22,398
Transcend Information, Inc. 4,405 12,027
Tripod Technology Corp. 7,322 32,276
Tung Ho Steel Enterprise Corp. 12,849 14,903
U-Ming Marine Transport Corp. 9,000 19,150
Uni-President Enterprises Corp. 57,923 79,335
Unimicron Technology Corp. 15,453 26,291
United Microelectronics Corp. 202,259 105,122
Vanguard International Semiconductor Corp. 17,254 8,204
Wafer Works Corp. (I) 102 180
Walsin Lihwa Corp. (I) 25,000 13,141
Wan Hai Lines, Ltd. (I) 5,200 3,639
Wintek Corp. (I) 24,000 42,539
Wistron Corp. 28,985 45,889
WPG Holdings Company, Ltd. 18,878 31,790
Ya Hsin Industrial Company, Ltd. (I) 14,000 0
Yang Ming Marine Transport Corp. (I) 25,500 19,991
Young Fast Optoelectronics Company, Ltd. 2,095 15,395
Yuanta Financial Holdings Company, Ltd. 121,060 87,076
Yulon Motor Company, Ltd. 14,419 26,640
Zinwell Corp. 723 1,318
 
    7,204,106
Thailand - 0.42%    
Advanced Info Service PLC 23,200 69,036
Bangkok Bank PCL 9,000 51,191
Bangkok Bank PCL (Foreign REG) 30,900 177,077
Bangkok Expressway PCL 4,000 2,500
Bank of Ayudhya PCL 37,100 30,562
Banpu PCL 3,400 86,237
BEC World PCL 11,019 12,296
C.P. Seven Eleven PCL 44,605 58,992
Charoen Pokphand Foods PCL 48,700 41,462
IRPC PCL 97,700 18,574
Kasikornbank PCL 8,100 34,006
Kasikornbank PCL (Foreign Shares) 39,200 170,167
Krung Thai Bank PCL 52,000 31,635
PTT Aromatics & Refining PCL 32,400 39,904
PTT Chemical PCL 9,500 46,487

 

199

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thailand (continued)    
PTT Exploration & Production PCL 26,100 $ 155,331
PTT PCL, Foreign Shares 17,900 209,509
Siam Cement PCL, Foreign Shares 8,400 105,139
Siam Commercial Bank PCL 31,748 113,367
Thai Oil PCL 13,200 36,333
 
    1,489,805
Turkey - 0.37%    
Akbank AS 25,630 124,547
Anadolu Efes Biracilik ve Malt Sanayii AS 4,447 62,879
Arcelik AS 3,796 17,563
Asya Katilim Bankasi AS 10,118 19,731
BIM Birlesik Magazalar AS 1,594 53,624
Enka Insaat ve Sanayi AS 9,739 37,561
Eregli Demir ve Celik Fabrikalari AS (I) 13,105 35,075
Eregli Demir ve Celik Fabrikalari TAS (I) 4,504 11,318
HACI Omer Sabanci Holding AS 13,187 61,341
KOC Holdings AS 11,730 54,462
Tupras Turkiye Petrol Rafine AS 2,694 79,055
Turk Hava Yollari AS (I) 10,525 29,294
Turk Telekomunikasyon AS 15,459 77,736
Turkcell Iletisim Hizmetleri AS 19,742 117,753
Turkiye Garanti Bankasi AS 51,188 239,443
Turkiye Halk Bankasi AS 6,636 51,380
Turkiye Is Bankasi AS 40,014 128,059
Turkiye Vakiflar Bankasi Tao 17,122 42,821
Yapi ve Kredi Bankasi AS (I) 19,138 54,928
 
    1,298,570
Ukraine - 0.01%    
Kernel Holding SA (I) 821 20,523
United Kingdom - 13.78%    
3i Group PLC 24,751 118,835
Admiral Group PLC 2,851 71,130
Aggreko PLC 5,847 147,826
AMEC PLC 4,371 83,561
Anglo American PLC 26,672 1,371,387
Antofagasta PLC 8,386 182,887
ARM Holdings PLC 29,477 274,744
Associated British Foods PLC 6,240 99,389
AstraZeneca PLC (I) 28,485 1,309,595
Autonomy Corp. PLC (I) 5,327 135,952
Aviva PLC 58,650 407,324
Babcock International Group PLC 7,244 72,128
BAE Systems PLC 75,319 393,021
Balfour Beatty PLC 7,728 42,610
Barclays PLC 238,621 1,070,466
BG Group PLC 68,417 1,699,628
BHP Billiton PLC 45,123 1,788,678
BP PLC 383,843 2,795,553
British American Tobacco PLC 40,780 1,638,770
British Land Company PLC 17,879 158,689
British Sky Broadcasting Group PLC 24,933 330,023
BT Group PLC 165,022 492,926
Bunzl PLC 4,517 53,950
Burberry Group PLC 10,063 189,545
Cable & Wireless Worldwide 34,690 29,183
Cairn Energy PLC (I) 28,281 209,903
Capita Group PLC 13,887 165,675
Capital Shopping Centres Group PLC 11,282 69,359
Carnival PLC 2,878 113,356
Centrica PLC 110,437 575,993
Cobham PLC 23,239 85,934
Compass Group PLC 40,796 367,185
Diageo PLC 52,236 994,175

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Eurasian Natural Resources Corp. 3,511 $ 52,720
FirstGroup PLC 5,862 30,694
Fresnillo PLC 2,849 70,666
G4S PLC 22,271 91,252
GlaxoSmithKline PLC 106,240 2,027,266
Hammerson PLC 16,512 118,533
Home Retail Group PLC 12,392 38,387
HSBC Holdings PLC 357,398 3,675,218
ICAP PLC 5,709 48,364
Imperial Tobacco Group PLC (L) 20,579 636,651
Inmarsat PLC 7,073 68,552
Intercontinental Hotels Group PLC 6,529 134,000
International Consolidated    
Airlines Group SA (I) 5,342 19,642
International Consolidated Airlines    
Group SA - DI (I) 3,159 11,500
International Power PLC 33,920 167,585
Intertek Group PLC 3,224 105,307
Invensys PLC 9,591 53,202
Investec PLC 9,770 74,887
ITV PLC (I) 83,028 103,133
J Sainsbury PLC 20,467 110,053
Johnson Matthey PLC 3,753 111,957
Kazakhmys PLC 3,789 84,932
Kingfisher PLC 53,537 211,060
Ladbrokes PLC 5 11
Land Securities Group PLC 17,414 205,121
Legal & General Group PLC 130,226 241,092
Lloyds Banking Group PLC (I) 840,748 783,793
London Stock Exchange Group PLC 2,995 40,063
Lonmin PLC, ADR 2,812 76,748
Man Group PLC 38,396 151,740
Marks & Spencer Group PLC 34,845 188,158
National Grid PLC 72,369 691,259
Next PLC 3,410 108,312
Old Mutual PLC 114,848 250,575
Pearson PLC (I) 17,145 303,747
Petrofac, Ltd. 3,790 90,627
Pharmstandard (I) 1,320 36,894
PIK Group, GDR (I) 11,522 51,784
Prudential PLC 51,441 583,269
Randgold Resources, Ltd. (I) 1,888 152,736
Reckitt Benckiser Group PLC 12,462 640,053
Reed Elsevier PLC 25,293 219,034
Resolution, Ltd. 29,354 139,501
Rexam PLC 12,743 74,235
Rio Tinto PLC 29,277 2,065,727
Rolls-Royce Group PLC (I) 39,481 392,046
Royal Bank of Scotland Group PLC (I) 351,443 230,407
Royal Dutch Shell PLC 73,215 2,656,138
Royal Dutch Shell PLC, B Shares 55,131 2,000,712
RSA Insurance Group PLC 70,521 148,751
SABMiller PLC 20,210 716,184
Sage Group PLC 23,422 104,615
Schroders PLC 2,473 68,913
Scottish & Southern Energy PLC 20,007 404,721
Segro PLC 10,521 54,336
Serco Group PLC 12,340 110,564
Severn Trent PLC 4,202 98,598
Smith & Nephew PLC 18,531 208,883
Smiths Group PLC 8,768 182,646
Standard Chartered PLC 48,630 1,261,417
Standard Life PLC 52,476 174,116
Tesco PLC 162,232 991,115
The Weir Group PLC 4,239 117,719

 

200

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Thomas Cook Group PLC 15,846 $ 43,331
TUI Travel PLC 6,822 24,839
Tullow Oil PLC 19,022 442,372
Unilever PLC 27,017 823,948
United Utilities Group PLC 15,485 147,088
Vedanta Resources PLC 2,522 96,191
Vodafone Group PLC 1,056,492 2,991,364
Whitbread PLC 2,788 73,881
William Morrison Supermarket PLC 44,313 196,200
Wolseley PLC 5,750 193,875
WPP PLC 26,510 326,888
Xstrata PLC 42,891 1,001,468
 
    48,962,746
TOTAL COMMON STOCKS (Cost $250,635,281) $ 330,745,590
 
PREFERRED SECURITIES - 2.37%    
Brazil - 2.00%    
AES Tiete SA 2,400 36,456
Banco Bradesco SA 42,218 862,383
Banco do Estado do Rio Grande do Sul SA 3,894 47,940
Bradespar SA 5,800 152,047
Brasil Telecom SA 4,873 43,458
Braskem SA, A Shares 3,700 49,042
Centrais Eletricas Brasileiras SA (I) 4,400 82,521
Cia Paranaense de Energia 2,000 54,451
Companhia Brasileira de Distribuicao Grupo    
Pao de Acucar (I) 2,021 83,085
Companhia de Bebidas das Americas 15,865 441,653
Companhia de Transmissao de Energia    
Eletrica Paulista 1,010 32,206
Companhia Energetica de Minas Gerais 5,494 104,957
Companhia Energetica de Sao Paulo 3,949 75,224
Eletropaulo Metropolitana Eletricidade de    
Sao Paulo SA 2,135 47,208
Fertilizantes Fosfatados SA 1,400 13,583
Gerdau SA 13,800 170,656
Gol Linhas Aereas Inteligentes SA 2,400 32,105
Investimentos Itau SA 50,940 399,370
Itau Unibanco Holding SA 45,131 1,075,305
Klabin SA 14,000 56,595
Lojas Americanas SA 7,300 60,809
Metalurgica Gerdau SA 7,000 104,444
Petroleo Brasileiro SA 73,452 1,282,649
Suzano Papel e Celulose SA 3,875 35,720
Tam SA 2,460 47,463
Tele Norte Leste Participacoes SA 5,500 94,662
Telemar Norte Leste SA 200 6,793
Tim Participacoes SA 12,229 52,507
Usinas Siderurgicas de Minas Gerais SA 9,850 119,154
Vale SA 44,068 1,279,137
Vivo Participacoes SA 4,141 163,849
 
    7,107,432
Germany - 0.27%    
Bayerische Motoren Werke AG 607 34,419
Henkel AG & Company KGaA 3,741 231,643
Porsche Automobil Holding SE 1,683 110,493
RWE AG 726 44,176
Volkswagen AG 3,429 557,421
 
    978,152
South Korea - 0.10%    
Hyundai Motor Company, Ltd. 660 39,665
Hyundai Motor Company, Ltd. -2nd Preferred 660 42,799
LG Electronics, Inc. 220 7,794

 

International Equity Index Trust A (continued)
   Shares or  
   Principal  
   Amount Value
 
PREFERRED SECURITIES (continued)      
South Korea (continued)      
Samsung Electronics Company, Ltd.   440 $ 251,311
 
      341,569
TOTAL PREFERRED SECURITIES (Cost $5,582,833) $ 8,427,153
 
RIGHTS - 0.01%      
B2W Cia Global Do Varejo (Expiration Date:    
04/26/2011, Strike Price: BRL 21.62) (I)   793 $ 544
Porsche Automobil Holding SE (Expiration      
Date: 04/12/2011, Strike Price:      
EUR 38.00) (I)   1,683 14,590
TeliaSonera AB (Expiration Date: 03/25/11,    
Strike Price: SEK 62.00) (I)   10,000 665
TOTAL RIGHTS (Cost $15,022)   $ 15,799
 
WARRANTS - 0.00%      
Golden Agri-Resources, Ltd. (Expiration Date:    
07/23/2012, Strike Price: SGD 0.54) (I)   12,343 1,665
Kinross Gold Corp. (Expiration Date: 9/17/14,    
Strike Price: $21.30) (I)   605 1,685
UBI Banca SCPA (Expiration Date: 6/30/11,    
Strike Price: EUR 12.30) (I)   75,551 96
TOTAL WARRANTS (Cost $2,883)   $ 3,446
 
SECURITIES LENDING COLLATERAL - 2.63%    
John Hancock Collateral      
Investment Trust, 0.2867%   934,932 9,355,771
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $9,355,893)   $ 9,355,771
 
SHORT-TERM INVESTMENTS - 1.22%    
Money Market Funds* - 1.22%      
AIM Short-Term Investment Trust, STIC      
Prime Portfolio, 0.130% $ 4,346,135 $ 4,346,135
TOTAL SHORT-TERM INVESTMENTS (Cost $4,346,135) $ 4,346,135
Total Investments (International Equity Index Trust A)    
(Cost $269,938,047) - 99.33%   $ 352,893,894
Other assets and liabilities, net - 0.67%     2,380,813
 
TOTAL NET ASSETS - 100.00%   $ 355,274,707
 
 
 
International Equity Index Trust B    
   Shares or  
   Principal  
   Amount Value
 
COMMON STOCKS - 94.17%      
Australia - 5.69%      
AGL Energy, Ltd.   9,234 $ 136,600
Alumina, Ltd.   60,159 153,217
Amcor, Ltd.   27,714 202,234
AMP, Ltd.   68,166 382,496
Asciano Group   66,972 120,461
Australia & New Zealand Banking Group, Ltd. 54,543 1,342,041
Australian Stock Exchange, Ltd.   3,001 106,802
Bendigo and Adelaide Bank, Ltd.   8,248 81,306
BHP Billiton, Ltd.   71,177 3,411,340
Billabong International, Ltd.   4,392 34,265
BlueScope Steel, Ltd.   38,977 79,494
Boral, Ltd.   14,313 73,946
Brambles, Ltd.   30,546 223,532

 

201

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Caltex Australia, Ltd. 2,363 $ 38,099
CFS Gandel Retail Trust 56,851 108,156
Coca-Cola Amatil, Ltd. 10,321 125,284
Cochlear, Ltd. 902 77,431
Commonwealth Bank of Australia 33,177 1,798,405
Computershare, Ltd. 7,493 71,784
Crown, Ltd. 6,963 58,630
CSL, Ltd. 11,614 429,085
CSR, Ltd. 4,995 16,931
Dart Energy, Ltd. (I) 6,841 6,174
Dexus Property Group 69,515 61,136
Duluxgroup, Ltd. 9,493 26,596
Fortescue Metals Group, Ltd. 27,667 182,813
Foster’s Group, Ltd. 41,058 242,759
General Property Trust, Ltd. 44,415 144,255
Goodman Fielder, Ltd. 13,916 17,697
Goodman Group 151,248 107,145
Harvey Norman Holding, Ltd. 6,970 21,609
Incitec Pivot, Ltd. 32,945 147,271
James Hardie Industries, Ltd. (I) 8,535 53,742
John Fairfax Holdings, Ltd. (L) 28,706 38,282
Leighton Holdings, Ltd. (L) 3,553 108,259
Lend Lease Corp. 11,730 109,900
MacArthur Coal, Ltd. 2,890 34,644
Macquarie Airports, Ltd. 7,889 24,794
Macquarie Group, Ltd. 7,872 297,588
Metcash, Ltd. 10,625 45,705
Mirvac Group, Ltd. 65,898 84,866
National Australia Bank, Ltd. 45,305 1,211,834
Newcrest Mining, Ltd. 11,382 470,264
NRMA Insurance Group, Ltd. 47,431 176,071
Nufarm, Ltd. (I) 553 2,967
OneSteel, Ltd. 32,986 83,103
Orica, Ltd. 7,710 210,099
Origin Energy, Ltd. 22,221 371,060
Oxiana, Ltd. 49,661 81,780
Paladin Resources, Ltd. (I)(L) 13,414 50,127
Qantas Airways, Ltd. (I) 28,030 63,116
QBE Insurance Group, Ltd. 23,440 427,935
QR National, Ltd. (I) 33,629 116,649
Rio Tinto, Ltd. 9,285 812,507
Santos, Ltd. 17,784 284,679
Sims Group, Ltd. 2,386 43,146
Sonic Healthcare, Ltd. 6,727 83,323
Stockland 54,372 208,676
Suncorp-Metway, Ltd. 28,512 249,564
TABCORP Holdings, Ltd. 16,416 127,099
Tattersall’s, Ltd. 19,899 48,110
Telstra Corp., Ltd. 92,302 269,062
Toll Holdings, Ltd. 14,294 87,595
Transurban Group, Ltd. 24,718 137,405
Wesfarmers, Ltd. 21,939 720,218
Wesfarmers, Ltd. 3,668 121,905
Westfield Group 43,897 423,748
Westfield Retail Trust 43,897 118,892
Westpac Banking Corp. 63,665 1,600,372
Woodside Petroleum, Ltd. 12,595 609,099
Woolworths, Ltd. 25,697 714,105
WorleyParsons, Ltd. 4,072 130,354
 
    20,881,638
Austria - 0.24%    
Erste Group Bank AG 3,923 197,992
Immoeast AG (I) 9,682 0
Immofinanz AG (I)(L) 14,523 65,585

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Austria (continued)    
Oesterreichische Elektrizitaets AG, Class A 2,067 $ 91,789
OMV AG 3,353 151,473
Raiffeisen International Bank Holding AG 1,162 64,500
Telekom Austria AG 8,595 125,831
Voestalpine AG 3,174 149,051
Wiener Staedtische Allgemeine    
Versicherung AG 771 44,037
 
    890,258
Belgium - 0.65%    
Ageas 50,631 144,206
Ageas, VVPR (I) 24,938 71
Anheuser-Busch InBev NV 15,851 904,170
Bekaert SA (I) 749 85,474
Belgacom SA 3,375 130,842
Colruyt SA 1,515 79,819
Compagnie Nationale A Portefeuille, ADR (I) 640 44,118
Delhaize Group SA 2,427 197,692
Dexia SA (I) 12,020 46,841
Groupe Bruxelles Lambert SA 1,968 183,955
KBC Bancassurance Holding NV 3,626 136,404
Mobistar SA 890 61,753
Solvay SA 1,200 142,146
UCB SA 2,618 99,488
Umicore 2,468 122,565
 
    2,379,544
Bermuda - 0.06%    
Seadrill, Ltd. 6,250 225,871
Brazil - 1.64%    
All America Latina Logistica SA 7,500 61,556
B2W Companhia Global Do Varejo 779 10,664
Banco do Brasil SA 13,113 237,338
Banco Santander Brasil SA 12,894 156,372
BM&F Bovespa SA 43,476 315,555
BR Malls Participacoes SA 6,110 63,620
Brasil Telecom SA 808 8,740
Brasil Telecom SA - New York Exchange 588 15,882
Brasil Telecom SA, SADR 333 3,576
Braskem SA 1,584 42,657
Centrais Eletricas Brasileiras SA (I) 6,700 101,240
Centrais Eletricas Brasileiras SA, ADR 1,429 27,637
Centrais Eletricas Brasileiras SA, SADR 2,381 36,929
Cia Brasileira de Distribuicao Grupo Pao de    
Acucar, ADR 628 26,332
Cia de Concessoes Rodoviarias, ADR 2,100 60,968
Cia de Saneamento Basico do Estado de    
Sao Paulo 1,990 57,287
Cielo SA 14,117 119,670
Companhia Siderurgica Nacional SA 16,100 263,099
Cosan SA Industria e Comercio 3,511 54,622
CPFL Energia SA 2,200 62,511
Cyrela Brazil Realty SA 4,000 37,926
Diagnosticos da America SA 4,400 56,595
EDP - Energias do Brasil SA 2,900 70,517
Embraer SA, ADR 1,026 34,576
Empresa Brasileira de Aeronautica SA 10,800 89,303
Fibria Celulose SA 3,172 51,194
Fibria Celulose SA, SADR 1,562 25,648
Gafisa SA 5,274 33,337
Hypermarcas SA 3,108 41,119
JBS SA 15,473 55,537
Localiza Rent A Car SA 2,811 45,110
Lojas Renner SA (I) 2,800 90,707

 

202

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Brazil (continued)    
Marfrig Frigorificos e Comercio    
de Alimentos SA 4,457 $ 39,830
MRV Engenharia e Participacoes SA 6,501 52,003
Natura Cosmeticos SA 2,300 64,803
OGX Petroleo e Gas Participacoes SA (I) 30,000 361,069
PDG Realty SA Empreendimentos    
e Participacoes 12,764 71,613
Perdigao SA 15,120 285,517
Petroleo Brasileiro SA 53,929 1,077,490
Porto Seguro SA 4,419 74,703
Redecard SA 7,084 104,352
Rossi Residencial SA (I) 3,875 32,303
Souza Cruz SA 7,000 72,888
Tam SA 65 1,208
Tele Norte Leste Participacoes SA 2,500 57,116
Tele Norte Leste Participacoes SA, ADR 2,994 52,485
Tractebel Energia SA 6,200 104,811
Ultrapar Participacoes SA 6,000 99,335
Usinas Siderurgicas de Minas Gerais SA 4,400 75,460
Usinas Siderurgicas de Minas    
Gerais SA, SADR 800 9,960
Vale Fertilizantes SA 28,900 944,363
Vivo Participacoes SA, ADR 322 13,002
Weg SA 4,600 60,576
 
    6,012,711
Canada - 8.04%    
Agnico-Eagle Mines, Ltd. 3,613 240,183
Agrium, Inc. 3,461 319,611
Alimentation Couche Tard, Inc. 2,200 57,842
ARC Resources, Ltd. 2,700 73,383
Athabasca Oil Sands Corp. (I) 5,400 93,797
Bank of Montreal (L) 12,209 793,113
Bank of Nova Scotia 22,048 1,352,899
Barrick Gold Corp. 21,130 1,098,237
Baytex Energy Corp. 2,200 128,642
BCE, Inc. 5,273 191,558
Bombardier, Inc. 31,938 234,882
Bonavista Energy Corp. 1,500 46,416
Brookfield Asset Management, Inc. 10,851 352,671
Brookfield Properties Corp. 5,034 89,101
CAE, Inc. (L) 5,716 75,938
Cameco Corp. 8,666 260,650
Canadian Imperial Bank of Commerce 8,330 718,296
Canadian National Railway Company 10,098 761,907
Canadian Natural Resources, Ltd. 23,344 1,154,318
Canadian Oil Sands, Ltd. 5,700 192,077
Canadian Pacific Railway, Ltd. 3,774 242,595
Canadian Tire Corp., Ltd. 1,554 103,146
Canadian Utilities, Ltd. 2,100 114,693
Cenovus Energy, Inc. 16,464 650,409
CGI Group, Inc. (I) 4,976 104,345
Chorus Aviation, Inc. 481 2,669
CI Financial Corp. 4,133 98,263
Crescent Point Energy Corp. 3,900 189,268
Eldorado Gold Corp. 11,500 187,535
Empire Company, Ltd. 800 44,130
Enbridge, Inc. 7,876 482,715
Encana Corp. 15,864 548,654
Enerplus Corp. 4,100 129,872
Fairfax Financial Holdings, Ltd.    
(Toronto Exchange) 359 135,713
Finning International, Inc. 4,338 128,149
First Quantum Minerals, Ltd. 1,600 206,985
Fortis, Inc. 3,500 119,567

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Franco-Nevada Corp. 2,200 $ 80,761
George Weston, Ltd. 1,036 70,591
Gildan Activewear, Inc. 2,200 72,206
Goldcorp, Inc. 15,756 785,606
Great-West Lifeco, Inc. (L) 5,976 165,812
Husky Energy, Inc. 6,052 183,901
IAMGOLD Corp. 8,000 176,338
IGM Financial, Inc. 2,896 147,294
Imperial Oil, Ltd. (L) 6,303 322,074
Industrial Alliance Insurance and    
Financial Services, Inc. 2,000 86,189
Inmet Mining Corp. 1,200 84,353
Intact Financial Corp. 2,100 108,845
Ivanhoe Mines, Ltd. (I) 5,865 160,856
Kinross Gold Corp. 24,969 393,529
Loblaw Companies, Ltd. 2,737 109,678
Magna International, Inc. 4,486 215,069
Manulife Financial Corp. (O) 37,724 668,487
Metro, Inc. 2,400 114,368
National Bank of Canada (L) 3,468 281,840
Nexen, Inc. 10,364 258,378
Niko Resources, Ltd. 900 86,333
Nordion, Inc. 1,600 18,880
Onex Corp. 2,532 88,770
Open Text Corp. (I) 1,300 80,776
Osisko Mining Corp. (I) 6,800 97,914
Pace Oil And Gas, Ltd. (I) 745 7,208
Pacific Rubiales Energy Corp. 5,600 155,379
Pan American Silver Corp. 2,100 78,000
Pengrowth Energy Trust 6,300 87,141
Penn West Petroleum, Ltd. (L) 8,913 247,486
PetroBakken Energy, Ltd., Class A 2,200 41,663
Petrobank Energy & Resources, Ltd. (I) 2,000 42,269
Potash Corp. of Saskatchewan, Inc. 19,233 1,134,539
Power Corp. of Canada (L) 7,617 225,721
Power Financial Corp. (L) 5,322 172,313
Progress Energy Resources Corp. 5,100 73,436
QLT, Inc. (I) 230 1,587
Research In Motion, Ltd. (I) 10,000 565,549
RioCan Real Estate Investment Trust 2,900 76,157
Ritchie Bros. Auctioneers, Inc. (L) 2,600 73,347
Rogers Communications, Inc., Class B (L) 9,142 332,299
Royal Bank of Canada 30,176 1,867,208
Saputo, Inc. 3,100 139,924
Shaw Communications, Inc., Class B 7,402 156,057
Sherritt International Corp. 6,300 51,726
Shoppers Drug Mart Corp. 4,556 187,315
Silver Wheaton Corp. 7,100 308,460
SNC-Lavalin Group, Inc. 3,213 183,070
Sun Life Financial, Inc. 12,552 394,491
Suncor Energy, Inc. 33,573 1,505,677
Talisman Energy, Inc. 21,826 539,628
Teck Resources, Ltd. 12,314 652,725
TELUS Corp. 3,244 157,599
Telus Corp. 1,000 51,129
The Toronto-Dominion Bank 18,700 1,654,936
Thomson Corp. 8,011 314,408
Tim Hortons, Inc. 3,600 163,272
TMX Group, Inc. 1,924 77,039
Trans-Canada Corp. (L) 15,150 614,282
TransAlta Corp. 4,921 103,750
Valeant Pharmaceuticals International, Inc. 2,750 137,287
Vermilion Energy, Inc. 900 46,908
Viterra, Inc. 5,600 67,928
Yamana Gold, Inc. 16,938 209,301

 

203

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Yellow Media, Inc. 7,800 $ 44,330
 
    29,525,621
Cayman Islands - 0.08%    
China Dongxiang Group Company 87,500 27,639
ENN Energy Holdings, Ltd. 18,000 55,895
Sands China, Ltd. (I) 46,400 103,275
Wynn Macau, Ltd. 34,843 97,156
 
    283,965
Chile - 0.34%    
Banco Santander Chile SA, ADR (L) 2,849 247,151
Centros Comerciales Sudamericanos SA (S) 3,301 353,937
Cia Cervecerias Unidas SA, ADR 1,234 72,929
CorpBanca SA, SADR (L) 2,999 67,148
Empresa Nacional de    
Electricidad SA, ADR (L) 2,350 130,707
Enersis SA, SADR 5,590 116,384
Lan Airlines SA, SADR (L) 5,140 131,533
Sociedad Quimica y Minera de    
Chile SA, ADR (L) 1,829 101,071
Vina Concha Y Toro SA, ADR (L) 808 37,960
 
    1,258,820
China - 2.72%    
Agile Property Holdings, Ltd. 30,789 48,440
Air China, Ltd. 128,534 118,672
Aluminum Corp. of China, Ltd. 81,220 77,315
Angang Steel Company, Ltd., Class H 51,547 70,218
Anhui Conch Cement Company, Ltd. 17,860 112,353
Bank of China, Ltd., Class H 1,522,487 846,205
Bank of Communications    
Company, Ltd., Class H 141,589 155,715
Beijing Capital International Airport    
Company, Ltd., Class H 74,789 39,194
Beijing Datang Power Generation    
Company, Ltd., Class H 142,864 53,010
BYD Company, Ltd., Class H (I) 10,705 41,004
China BlueChemical, Ltd. 70,000 57,319
China Citic Bank Corp, Ltd. 127,000 92,562
China Coal Energy Company, Series H 91,000 123,780
China Communications    
Construction Company, Ltd. 90,800 86,991
China Communications    
Services Corp., Ltd., Class H 72,000 43,908
China Construction Bank Corp. 1,164,568 1,091,027
China COSCO Holdings Company, Ltd. (I) 50,796 51,926
China Life Insurance Company, Ltd. 180,624 676,632
China Merchants Bank Company, Ltd. 80,691 223,119
China National Building    
Material Company, Ltd. 24,000 87,854
China Oilfield Services, Ltd. 70,000 158,867
China Petroleum & Chemical Corp. 377,970 380,479
China Railway Construction Corp. 71,500 74,539
China Railway Group, Ltd. 75,000 48,234
China Shenhua Energy Company, Ltd. 80,000 376,711
China Shipping Container    
Lines Company, Ltd. (I) 202,473 80,858
China Shipping Development Company, Ltd. 56,432 63,871
China Telecom Corp., Ltd. 301,604 184,424
China Unicom, Ltd. (I) 129,432 215,240
China Yurun Food Group, Ltd. 35,000 118,081
Country Garden Holdings Company 122,319 53,739
Dongfang Electric Corp. Ltd. 20,000 68,462
Dongfeng Motor Group Company, Ltd. 51,220 87,730
Foxconn International Holdings, Ltd. (I) 49,000 29,372

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
China (continued)    
Golden Eagle Retail Group, Ltd. 15,000 $ 32,453
Guangdong Investment, Ltd. 115,220 58,128
Guangzhou Automobile Group Company, Ltd. 43,819 53,520
Guangzhou R&F Properties    
Company, Ltd., Class H 18,800 28,016
Huaneng Power International, Inc., Class H 125,436 73,305
Industrial & Commercial Bank of China, Ltd. 1,053,778 873,835
Jiangsu Expressway, Ltd. 49,145 55,495
Jiangxi Copper Company, Ltd., Class H 24,075 80,162
Lenovo Group, Ltd. 81,436 46,679
Maanshan Iron & Steel Company, Ltd. (I) 94,075 50,809
PetroChina Company, Ltd., Class H 512,261 783,478
PICC Property & Casualty    
Company, Ltd., Class H (I) 111,220 135,126
Ping An Insurance Group Company    
of China, Ltd. 28,145 284,900
Shanghai Electric Group Company, Ltd. 146,864 73,861
Shimao Property Holdings, Ltd., GDR 30,500 43,121
Shui On Land, Ltd. 107,833 49,829
Sinopec Shanghai Petrochemical    
Company, Ltd., Class H 127,934 60,239
Tencent Holdings, Ltd. 20,000 485,948
Tingyi (Cayman Islands) Holding Corp. 32,000 78,624
Tsingtao Brewery Company, Ltd., Series H 14,000 66,839
Want Want China Holdings, Ltd. 79,000 61,827
Weichai Power Compnay, Ltd. 20,400 123,954
Yanzhou Coal Mining Company, Ltd., Class H 35,990 129,927
Zhejiang Expressway Company, Ltd., Class H 67,718 61,823
Zijin Mining Group, Ltd. 82,411 65,711
ZTE Corp., Class H 21,489 100,389
 
    9,995,849
Colombia - 0.21%    
BanColombia SA ADR 11,327 709,750
Petrominerales, Ltd. 1,228 46,536
 
    756,286
Czech Republic - 0.09%    
CEZ AS 3,639 185,941
Komercni Banka AS 322 81,263
Telefonica O2 Czech Republic AS 2,389 55,891
 
    323,095
Denmark - 0.75%    
A P Moller Maersk A/S 15 137,848
A P Moller Maersk A/S, Series A (L) 25 235,151
Carlsberg A/S 2,648 285,176
Coloplast A/S 441 63,822
Danske Bank A/S (I) 10,302 228,138
Danske Bank A/S - New Shares (I) 3,434 76,693
DSV A/S, ADR 5,570 137,520
Novo Nordisk A/S 8,910 1,116,793
Novozymes A/S, B Shares 1,186 181,222
TrygVesta A/S 800 47,047
Vestas Wind Systems A/S (I) 4,989 216,501
William Demant Holdings A/S (I) 418 36,152
 
    2,762,063
Egypt - 0.08%    
Commercial International Bank 13,058 72,214
Egypt Kuwait Holding Company 15,787 21,618
Egyptian Company for Mobile Services 919 24,665
Egyptian Financial Group-Hermes Holding 4,582 16,884
EL EZZ Aldekhela Steel Alexandria 72 7,962
EL EZZ Steel Company (I) 2,373 4,380
ElSwedy Cables Holding Co. (I) 2,449 16,337

 

204

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Egypt (continued)    
Orascom Construction Industries 1,751 $ 71,357
Orascom Telecom Holding SAE (I) 48,717 36,190
Telecom Egypt 8,967 26,179
 
    297,786
Finland - 0.74%    
Elisa OYJ, Class A (L) 2,753 60,596
Fortum OYJ (L) 9,706 330,107
Kesko OYJ 1,931 90,393
Kone OYJ 3,300 189,900
Metra OYJ 3,462 135,143
Metso OYJ (L) 2,773 149,092
Neste Oil OYJ (L) 3,830 78,936
Nokia OYJ 79,356 675,239
Nokian Renkaat OYJ 2,210 94,120
Orion OYJ, Series B (L) 2,762 66,993
Outokumpu OYJ 2,213 38,303
Pohjola Bank OYJ (L) 2,640 35,996
Rautaruukki OYJ (L) 2,619 62,779
Sampo OYJ 9,048 288,710
Sanoma OYJ 1,560 35,337
Stora Enso OYJ, Series R 12,353 147,139
UPM-Kymmene OYJ 11,020 233,053
 
    2,711,836
France - 6.36%    
Accor SA 3,317 148,931
Aeroports de Paris 664 61,167
Air France KLM (I) 1,926 32,042
Air Liquide SA 6,027 801,950
Alcatel-Lucent (I) 48,795 281,508
Alstom SA 4,396 260,020
Atos Origin SA (I) 816 47,898
AXA SA 36,122 755,226
BNP Paribas 19,974 1,461,639
Bouygues SA 4,806 230,768
Bureau Veritas SA 600 47,176
Cap Gemini SA 2,901 168,655
Carrefour SA (I) 12,737 564,555
Casino Guichard Perrachon SA 1,109 104,954
Christian Dior SA 1,360 191,479
Cie de Saint-Gobain 8,565 524,411
Cie Generale de Geophysique-Veritas (I) 3,169 114,545
CNP Assurances SA 2,808 59,625
Compagnie Generale des Etablissements    
Michelin, Class B 3,887 328,466
Credit Agricole SA 20,001 328,428
Danone SA 12,270 801,471
Dassault Systemes SA 1,217 93,629
Edenred (I) 3,317 100,049
EDF SA 5,131 212,667
Eiffage SA 762 45,832
Eramet 71 26,232
Essilor International SA 4,395 326,585
Eurazeo 258 20,182
European Aeronautic Defence &    
Space Company (I) 8,694 253,391
Eutelsat Communications 1,618 64,618
Fonciere Des Regions 530 56,488
France Telecom SA 39,030 875,521
GDF Suez 26,188 1,068,530
Gecina SA 188 25,937
Groupe Eurotunnel SA 10,681 113,646
ICADE 337 41,573
Iliad SA 282 33,812

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
Imerys SA 560 $ 41,114
JC Decaux SA (I) 827 27,805
Klepierre SA 2,210 89,716
L’Oreal SA 5,039 586,895
Lafarge SA 4,250 265,057
Lagardere S.C.A (I) 2,403 102,743
Legrand SA, ADR 2,610 108,541
LVMH Moet Hennessy Louis Vuitton SA 5,153 815,551
M6-Metropole Television 1,073 28,035
Natixis (I) 13,752 77,906
Neopost SA 682 59,723
PagesJaunes Groupe SA (L) 1,671 16,758
Pernod-Ricard SA 4,181 390,982
Peugeot SA (I) 3,000 118,736
PPR 1,611 246,902
Publicis Groupe SA 2,591 145,261
Renault SA (I) 3,943 217,985
Safran SA 3,379 119,618
Sanofi-Aventis SA 22,097 1,551,911
Schneider Electric SA 5,162 882,311
SCOR SE 3,766 102,533
Societe BIC SA 433 38,475
Societe Generale 13,498 877,676
Societe Television Francaise 2,128 39,069
Sodexho Alliance 1,964 143,342
STMicroelectronics NV 14,150 175,371
Suez Environnement SA 5,606 115,976
Technip SA 2,156 230,301
Thales SA 1,824 72,838
Total SA 44,565 2,712,964
Unibail-Rodamco SE 1,992 431,629
Valeo SA (I) 140 8,160
Vallourec SA 2,423 271,977
Veolia Environnement SA 7,379 229,457
Vinci SA 9,322 582,389
Vivendi SA 26,206 747,971
 
    23,347,284
Germany - 5.34%    
Adidas AG (I) 4,549 287,296
Allianz SE 9,620 1,349,772
BASF SE 19,466 1,687,750
Bayer AG 17,523 1,356,906
Bayerische Motoren Werke (BMW) AG 7,237 604,167
Beiersdorf AG 2,228 136,004
Celesio AG (I) 1,332 32,750
Commerzbank AG (I)(L) 15,780 122,977
Continental AG (I) 1,119 101,101
Daimler AG (L) 19,126 1,349,701
Deutsche Bank AG 19,700 1,158,387
Deutsche Boerse AG 4,240 321,728
Deutsche Lufthansa AG 5,098 108,081
Deutsche Post AG (I) 18,841 340,050
Deutsche Telekom AG (I) 61,898 956,419
E.ON AG 38,168 1,166,217
Fraport AG, ADR 836 61,287
Fresenius AG 2,276 210,588
Fresenius Medical Care AG 4,175 280,315
GEA Group AG 3,548 116,825
Hannover Rueckversicherung AG 1,110 60,587
HeidelbergCement AG 2,974 207,737
Henkel AG & Company, KGaA (L) 2,707 141,465
Hochtief AG 973 104,752
Infineon Technologies AG 22,698 232,673
K&S AG 3,196 241,265

 

205

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
Lanxess AG 1,672 $ 125,071
Linde AG (I) 3,760 593,878
MAN AG (I) 2,251 280,611
Merck KGAA (L) 1,390 125,423
Metro AG 2,895 197,926
Muenchener Rueckversicherungs - Gesellschaft    
AG (MunichRe) 4,196 659,829
Puma AG 78 22,911
Qiagen AG (I) 5,180 103,436
RWE AG 9,137 584,131
Salzgitter AG 1,027 81,104
SAP AG 18,747 1,150,172
Siemens AG 17,438 2,388,713
Suedzucker AG 1,367 38,105
ThyssenKrupp AG 7,213 295,687
TUI AG (I) 2,454 29,342
United Internet AG 1,746 31,378
Volkswagen AG 554 84,973
Wacker Chemie AG 348 78,271
 
    19,607,761
Greece - 0.18%    
Alpha Bank A.E. (I) 12,938 83,610
Bank of Cyprus PCL 16,142 58,648
Coca-Cola Hellenic Bottling Company SA 3,310 88,810
EFG Eurobank Ergasias SA (I) 6,561 40,852
Hellenic Telecommunications Organization SA 5,650 63,052
National Bank of Greece SA (I) 17,362 154,330
OPAP SA 4,860 103,956
Public Power Corp. SA 4,490 78,177
 
    671,435
Hong Kong - 2.79%    
Alibaba.com, Ltd. 48,600 83,249
ASM Pacific Technology, Ltd. 4,414 55,419
Bank of East Asia, Ltd. 29,932 127,436
Beijing Enterprises Holdings, Ltd. 15,286 87,576
Belle International Holdings, Ltd. 89,978 165,878
BOC Hong Kong Holdings, Ltd. 75,328 245,304
Cathay Pacific Airways, Ltd. 27,782 66,388
Chaoda Modern Agriculture Holdings, Ltd. 88,940 55,481
Cheung Kong Holdings, Ltd. 27,849 453,593
Cheung Kong Infrastructure Holdings, Ltd. 9,772 46,262
China Agri-Industries Holdings, Ltd. 67,216 75,565
China Everbright, Ltd. 34,216 76,581
China High Speed Transmission Equipment    
Group Company, Ltd. 37,000 59,358
China Mengniu Dairy Company, Ltd. 20,502 54,351
China Merchants Holdings    
International Company, Ltd. 22,138 93,392
China Mobile, Ltd. 128,530 1,187,394
China Overseas Land & Investment, Ltd. 89,522 183,786
China Resource Power Holdings, Ltd. 31,667 61,170
China Resources Enterprises, Ltd. 23,145 94,671
China Resources Land, Ltd. 46,789 87,551
China Taiping Insurance    
Holdings Company, Ltd. (I) 34,000 100,247
China Travel International Investment    
Hong Kong, Ltd. (I) 176,291 36,862
Citic Pacific, Ltd. 19,967 55,330
CLP Holdings, Ltd. 39,289 318,729
CNOOC, Ltd. 380,274 963,539
COSCO Pacific, Ltd. 53,801 101,705
Esprit Holdings, Ltd. 23,903 109,255
Fosun International 92,000 70,539

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
GOME Electrical    
Appliances Holdings, Ltd. (I) 210,384 $ 73,695
Hang Lung Group, Ltd. 16,000 99,968
Hang Lung Properties, Ltd. 42,326 185,027
Hang Seng Bank, Ltd. 15,519 250,589
Henderson Land Development Company, Ltd. 24,042 166,548
Hengan International Group Company, Ltd. 12,000 88,910
Hong Kong & China Gas Company, Ltd. 87,168 208,867
Hong Kong Electric Holdings, Ltd. 28,082 187,135
Hong Kong Exchanges & Clearing, Ltd. 21,430 464,580
Hopewell Holdings, Ltd. 9,362 27,982
Huabao International Holdings, Ltd. 45,000 69,489
Hutchison Whampoa, Ltd. 43,377 512,580
Hysan Development Company, Ltd. 14,982 61,731
Kerry Properties, Ltd. 16,438 82,664
Kingboard Chemical Holdings, Ltd. 7,772 40,837
Kunlun Energy Company, Ltd. (I) 40,000 63,668
Li & Fung, Ltd. 45,971 236,223
Li Ning Company, Ltd. 31,751 53,606
Lifestyle International Holdings, Ltd. 8,500 20,410
MTR Corp., Ltd. 33,174 122,252
New World Development Company, Ltd. 58,523 103,339
Nine Dragons Paper Holdings, Ltd. 37,000 44,306
Noble Group, Ltd. 50,017 84,745
NWS Holdings, Ltd. 28,561 43,612
Orient Overseas International, Ltd. 3,562 37,277
Parkson Retail Group, Ltd. 42,500 58,345
PCCW, Ltd. 89,000 36,996
Poly Hong Kong Investment, Ltd. 35,000 33,036
Shandong Weigao Group Medical    
Polymer Company, Ltd. 24,000 68,447
Shanghai Industrial Holdings, Ltd. 19,930 76,464
Shangri-La Asia, Ltd. 32,820 83,691
Sino Land Company, Ltd. 33,235 59,319
Sino-Forest Corp. (I) 4,100 106,993
Sino-Ocean Land Holdings, Ltd. 65,027 40,496
Sinofert Holdings, Ltd. (I) 82,000 35,525
Soho China, Ltd. 74,000 63,521
Sun Hung Kai Properties, Ltd. 28,839 455,849
Swire Pacific, Ltd. 15,663 230,051
The Link REIT 43,684 137,105
Wharf Holdings, Ltd. 27,876 192,970
Wheelock and Company, Ltd. 18,000 67,630
Wing Hang Bank, Ltd. 2,096 24,824
Yue Yuen Industrial Holdings, Ltd. 12,067 38,257
 
    10,256,170
Hungary - 0.10%    
Magyar Telekom Telecommunications PLC 16,414 51,588
MOL Magyar Olaj & Gazipari (I) 799 102,015
OTP Bank PLC (I)(L) 5,811 172,057
Richter Gedeon 257 53,389
 
    379,049
India - 1.76%    
Dr. Reddy’s Laboratories, Ltd., ADR (L) 4,103 153,042
HDFC Bank, Ltd., ADR 2,245 381,515
ICICI Bank, Ltd., SADR 16,741 834,204
Infosys Technologies, Ltd., ADR (L) 23,322 1,672,187
Larsen & Toubro, Ltd., GDR (S) 2,684 99,422
Mahindra & Mahindra, Ltd. 6,560 104,501
Ranbaxy Laboratories, Ltd., ADR 5,719 57,991
Reliance Capital, Ltd. (L)(S) 2,081 27,212
Reliance Communication, Ltd., GDR (S) 44,836 108,230
Reliance Industries, Ltd., GDR (L) 45,980 2,180,372

 

206

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
India (continued)    
Reliance Infrastructure, Ltd., GDR (S) 1,080 $ 50,128
Satyam Computer Services, Ltd., ADR (I) 15,376 46,436
State Bank of India, GDR 1,201 154,929
Tata Motors, Ltd., SADR 9,630 267,618
Ultratech Cement, Ltd., GDR 376 19,080
Wipro, Ltd., ADR (L) 21,460 314,389
 
    6,471,256
Indonesia - 0.53%    
Adaro Energy Tbk PT 185,500 46,615
Aneka Tambang Tbk PT 104,625 27,580
Astra Agro Lestari Tbk PT 12,658 32,943
Astra International Tbk PT 41,483 271,086
Bank Central Asia Tbk PT 256,274 204,164
Bank Danamon Indonesia Tbk PT 89,071 66,915
Bank Mandiri Tbk PT 147,111 115,217
Bank Pan Indonesia Tbk PT (I) 33,314 4,432
Bank Rakyat Indonesia Tbk PT 221,002 145,621
Berlian Laju Tanker Tbk PT (I) 128,000 5,442
Bumi Resources Tbk PT 351,780 135,064
Energi Mega Persada Tbk PT (I) 138,000 2,024
Gudang Garam Tbk PT 13,000 62,656
Indo Tambangraya Megah PT 10,500 55,618
Indocement Tunggal Prakarsa Tbk PT 26,487 49,662
Indofood Sukses Makmur Tbk PT 122,905 76,108
Indosat Tbk PT 12,500 7,598
Indosat Tbk PT, ADR 20 605
International Nickel Indonesia Tbk PT 60,000 32,833
Perusahaan Gas Negara Tbk PT 200,985 89,867
PT Telekomunikiasi Indonesia Tbk PT, SADR 179 6,011
Semen Gresik Persero Tbk PT 44,140 46,143
Tambang Batubara Bukit Asam Tbk PT 46,500 111,995
Telekomunikasi Indonesia Tbk PT 213,000 179,348
Unilever Indonesia Tbk PT 23,500 41,268
United Tractors Tbk PT 47,796 119,168
 
    1,935,983
Ireland - 0.34%    
Allied Irish Banks PLC - London Exchange (I) 1,000 268
Anglo Irish Bank Corp. PLC (I) 23,067 0
Bank of Ireland (I) 2,500 779
C&C Group PLC 249 1,127
CRH PLC 16,564 381,114
CRH PLC (London Exchange) 241 5,531
Elan Corp. PLC (I) 4,312 29,711
Elan Corp. PLC - Euro Comp Exchange (I) 7,867 54,129
Experian PLC 21,322 264,112
Greencore Group PLC 26 43
Kerry Group PLC 531 19,768
Kerry Group PLC - London Exchange 2,506 93,405
Paddy Power PLC - London Exchange 51 2,233
Ryanair Holdings PLC, SADR (L) 1,736 48,261
Shire PLC 11,915 345,969
 
    1,246,450
Israel - 0.52%    
Bank Hapoalim, Ltd. (I) 19,001 98,707
Bank Leumi Le-Israel, Ltd. 31,056 158,824
Bezek Israeli Telecommunications Corp., Ltd. 32,666 96,748
Cellcom Israel, Ltd. 1,142 37,479
Delek Group, Ltd. 54 14,624
Delek Real Estate, Ltd. (I) 5,490 1,151
Elbit Systems, Ltd. 366 20,360
Harel Insurance Investments, Ltd. 238 14,912
Israel Chemicals, Ltd. 12,765 209,783
Israel Corp., Ltd. 35 41,867

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Israel (continued)    
Israel Discount Bank, Ltd. (I) 8,168 $ 17,204
Makhteshim-Agan Industries, Ltd. (I) 3,701 19,560
Migdal Insurance Holdings, Ltd. 8,348 15,589
Mizrahi Tefahot Bank, Ltd. 1,983 22,369
Nice Systems, Ltd. (I) 1,180 43,581
Partner Communications Company, Ltd. 1,256 23,858
Teva Pharmaceutical Industries, Ltd. 21,014 1,054,256
 
    1,890,872
Italy - 1.89%    
A2A SpA 34,264 55,552
Assicurazioni Generali SpA 24,731 535,678
Autogrill SpA (I) 1,665 23,433
Autostrade SpA 4,750 108,909
Banca Carige SpA (I) 12,592 29,825
Banca Intesa SpA 25,099 66,359
Banca Monte dei Paschi di Siena SpA (I)(L) 47,648 59,481
Banche Popolari Unite SpA 12,158 104,042
Banco Popolare Societa Cooperativa 39,948 119,190
Beni Stabili SpA 3,030 3,051
BGP Holdings PLC (I) 141,174 0
Enel SpA 140,118 883,170
Eni SpA 55,643 1,365,895
Exor SpA 1,998 61,485
Fiat Industrial SpA (I) 17,022 244,117
Fiat SpA 17,022 154,247
Finmeccanica SpA 9,840 123,944
Intesa Sanpaolo SpA 176,453 522,463
Luxottica Group SpA 2,689 87,924
Mediaset SpA 14,911 94,837
Mediobanca SpA 9,986 102,210
Parmalat SpA (I) 43,849 147,013
Pirelli & Company SpA 6,945 61,036
Prelios SpA (I) 6,945 5,416
Prysmian SpA 4,754 102,000
Saipem SpA 5,660 300,605
Snam Rete Gas SpA 30,722 172,762
Telecom Italia SpA 199,534 307,262
Telecom Italia SpA 145,996 196,625
Terna Rete Elettrica Nazionale SpA 30,415 145,725
UniCredit Italiano SpA 300,357 742,827
 
    6,927,083
Japan - 12.85%    
ABC-MART, Inc. 700 25,457
Advantest Corp. 3,180 57,269
AEON Company, Ltd. 12,304 142,595
AEON Credit Service Company, Ltd. 877 12,072
Aeon Mall Company, Ltd. 2,300 49,384
Air Water, Inc. 3,000 36,217
Aisin Seiki Company, Ltd. 3,979 138,150
Ajinomoto Company, Inc. 13,305 137,288
Alfresa Holdings Corp. 1,124 43,174
All Nippon Airways Company, Ltd. 13,715 40,891
Amada Company, Ltd. 4,829 40,290
Aozora Bank, Ltd. (L) 17,000 38,423
Asahi Breweries, Ltd. 8,601 143,005
Asahi Glass Company, Ltd. 22,191 279,055
Asahi Kasei Corp. 27,963 185,892
Asics Corp. 3,000 40,106
Astellas Pharma, Inc. 9,369 345,470
Bank of Kyoto, Ltd. 8,000 70,786
Bank of Yokohama, Ltd. 27,316 129,717
Benesse Holdings, Inc. 1,354 55,426
Bridgestone Corp. 13,753 285,988

 

207

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Brother Industries, Ltd. 3,200 $ 47,011
Canon Sales Company, Inc. 1,100 13,541
Canon, Inc. 23,774 1,034,646
Casio Computer Company, Ltd. 3,933 31,112
Central Japan Railway Company, Ltd. 33 261,445
Chiba Bank, Ltd. 15,896 89,054
Chiyoda Corp. 4,000 36,643
Chubu Electric Power Company, Inc. 13,777 306,413
Chugai Pharmaceutical Company, Ltd. 4,616 79,468
Chugoku Bank, Ltd. 3,000 34,047
Chugoku Electric Power Company, Inc. 6,700 123,883
Chuo Mitsui Trust Holdings, Inc. 18,010 63,873
Citizen Watch Company, Ltd. 5,835 33,601
Coca-Cola West Japan Company, Ltd. 1,077 20,321
Cosmo Oil Company, Ltd. 17,000 52,933
Credit Saison Company, Ltd. 3,291 52,938
Dai Nippon Printing Company, Ltd. 12,953 157,747
Daicel Chemical Industries, Ltd. 7,534 46,465
Daido Steel Company, Ltd. 4,000 22,746
Daihatsu Motor Company, Ltd. 4,000 58,283
Daiichi Sankyo Company, Ltd. 14,672 283,280
Daikin Industries, Ltd. 4,815 144,195
Dainippon Sumitomo Pharma Company, Ltd. 4,800 44,722
Daito Trust Construction Company, Ltd. 1,619 110,372
Daiwa House Industry Company, Ltd. 9,715 118,655
Daiwa Securities Group, Inc. 33,251 152,704
Dena Company, Ltd. 1,200 43,352
Denki Kagaku Kogyo Kabushiki Kaisha 10,477 51,642
Denso Corp. 10,322 342,495
Dentsu, Inc. 3,400 86,946
Dowa Holdings Company, Ltd. 4,860 30,265
East Japan Railway Company 7,100 390,150
Eisai Company, Ltd. 5,352 191,998
Electric Power Development Company, Ltd. 2,200 67,761
Elpida Memory, Inc. (I)(L) 4,400 56,653
FamilyMart Company, Ltd. 1,060 39,469
Fanuc, Ltd. 3,979 598,129
Fast Retailing Company, Ltd. 1,066 133,410
Fuji Electric Holdings Company, Ltd. 4,420 13,758
Fuji Heavy Industries, Ltd. 11,000 70,882
Fuji Television Network, Inc. 5 6,997
FUJIFILM Holdings Corp. 9,767 302,474
Fujitsu, Ltd. 40,621 229,525
Fukuoka Financial Group, Inc. 13,000 54,076
Furukawa Electric Company, Ltd. (L) 9,362 37,817
GS Yuasa Corp. 7,000 46,538
Gunma Bank 6,477 34,339
Hakuhodo DY Holdings, Inc. 260 13,554
Hankyu Hanshin Holdings, Inc. 24,000 110,796
Hino Motors, Ltd. 4,886 23,907
Hirose Electric Company, Ltd. 583 62,244
Hisamitsu Pharmaceutical Company, Inc. 1,200 48,401
Hitachi Chemical, Ltd. 1,184 24,070
Hitachi Construction    
Machinery Company, Ltd. 1,943 48,657
Hitachi High-Technologies Corp. 900 17,950
Hitachi Metals, Ltd. 2,000 25,198
Hitachi, Ltd. 96,118 495,678
Hokkaido Electric Power Company, Inc. 4,068 78,885
Hokuhoku Financial Group, Inc. 26,134 50,898
Hokuriku Electric Power Company 3,700 83,324
Honda Motor Company, Ltd. 34,662 1,297,510
Hoya Corp. 9,192 209,743
Ibiden Company, Ltd. 2,600 81,558
Idemitsu Kosan Company, Ltd. 400 46,838

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Inpex Corp. 46 $ 346,042
Isetan Mitsukoshi Holdings, Ltd. (L) 9,143 82,329
Ishikawajima-Harima Heavy    
Industries Company, Ltd. 19,134 46,014
Isuzu Motors, Ltd. 19,000 75,150
ITO EN, Ltd. 906 15,666
Itochu Corp. 32,202 337,196
Itochu Techno-Science Corp. 848 27,063
Iyo Bank, Ltd. 5,000 41,657
J Front Retailing Company, Ltd. 12,000 49,916
Japan Petroleum Exploration Company, Ltd. 600 30,007
Japan Prime Realty Investment Corp. 8 21,415
Japan Real Estate Investment Corp. 11 103,478
Japan Retail Fund Investment Corp. 20 31,306
Japan Tobacco, Inc. 95 339,998
JFE Holdings, Inc. 9,962 291,506
JGC Corp. 3,886 90,334
Joyo Bank, Ltd. 13,953 54,221
JS Group Corp. 5,216 135,448
JSR Corp. 3,633 71,874
Jupiter Telecommunications Company, Ltd. 32 31,277
JX Holdings, Inc. 46,511 313,130
Kajima Corp. 13,191 36,879
Kamigumi Company, Ltd. 5,534 47,303
Kaneka Corp. 5,829 40,575
Kansai Electric Power Company, Ltd. 15,978 345,854
Kansai Paint Company, Ltd. 2,238 19,211
Kao Corp. 11,462 285,930
Kawasaki Heavy Industries, Ltd. 28,963 127,440
Kawasaki Kisen Kaisha, Ltd. 17,067 62,991
KDDI Corp. 62 380,519
Keihin Electric Express    
Railway Company, Ltd. 11,067 78,890
Keio Corp. 11,715 69,997
Keisei Electric Railway Company, Ltd. 5,000 28,673
Keyence Corp. 847 214,721
Kikkoman Corp. 2,238 21,094
Kinden Corp. 591 5,379
Kintetsu Corp. (L) 34,792 111,396
Kirin Holdings Company, Ltd. 17,896 235,157
Kobe Steel Company, Ltd. 54,517 139,665
Koito Manufacturing Company, Ltd. 2,000 32,051
Komatsu, Ltd. 19,830 669,165
Konami Corp. 1,043 19,012
Konica Minolta Holdings, Inc. 9,891 82,881
Koyo Seiko Company, Ltd. 3,143 40,444
Kubota Corp. 23,782 221,914
Kuraray Company, Ltd. 7,700 99,235
Kurita Water Industries, Ltd. 1,819 53,774
Kyocera Corp. 3,438 348,429
Kyowa Hakko Kogyo Company, Ltd. 5,611 52,616
Kyushu Electric Power Company, Inc. 7,831 152,986
Lawson, Inc. 1,231 59,345
Mabuchi Motor Company, Ltd. 518 24,424
Makita Corp. 1,943 90,399
Marubeni Corp. 35,202 253,498
Marui Company, Ltd. 5,264 33,984
Maruichi Steel Tube, Ltd. 1,200 29,647
Matsui Securities Company, Ltd. 3,300 17,932
Matsushita Electric Industrial Company, Ltd. 40,993 521,407
Mazda Motor Corp. (I) 26,000 57,201
McDonald’s Holdings Company, Ltd. 1,600 38,386
Mediceo Holdings Company, Ltd. 2,590 22,917
MEIJI Holdings Company, Ltd. 1,300 52,278
Minebea Company, Ltd. 9,477 52,296

 

208

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Mitsubishi Chemical Holdings Corp. 25,000 $ 157,189
Mitsubishi Corp. 28,356 787,136
Mitsubishi Electric Corp. 40,973 477,976
Mitsubishi Estate Company, Ltd. 24,782 419,191
Mitsubishi Gas & Chemicals Company, Inc. 5,829 41,263
Mitsubishi Heavy Industries, Ltd. 66,937 304,218
Mitsubishi Logistics Corp. 1,943 21,724
Mitsubishi Materials Corp. 24,020 81,434
Mitsubishi Motors Corp. (I) 89,000 109,137
Mitsubishi UFJ Financial Group 267,000 1,232,604
Mitsubishi UFJ Lease &    
Finance Company, Ltd. 1,300 52,122
Mitsui & Company, Ltd. 36,311 650,874
Mitsui Chemicals, Inc. 12,010 42,449
Mitsui Engineering &    
Shipbuilding Company, Ltd. 15,362 36,752
Mitsui Fudosan Company, Ltd. 18,248 296,270
Mitsui Mining & Smelting Company, Ltd. 9,010 31,304
Mitsui O.S.K. Lines, Ltd. 23,487 135,252
Mitsui Sumitomo Insurance Group Holdings 11,300 257,300
Mitsumi Electric Company, Ltd. 1,001 13,322
Mizuho Financial Group, Inc. (L) 418,900 694,977
Mizuho Trust & Banking Company, Ltd. 20,000 18,033
Murata Manufacturing Company, Ltd. 4,304 309,942
Namco Bandai Holdings, Inc. 3,132 34,152
NEC Corp. (I) 60,383 131,394
NGK INSULATORS, Ltd. 4,829 86,328
NGK Spark Plug Company, Ltd. 3,238 44,222
NHK Spring Company, Ltd. 1,000 9,906
Nidec Corp. 2,414 208,954
Nikon Corp. 6,781 139,810
Nintendo Company, Ltd. 2,108 569,449
Nippon Building Fund, Inc. 11 106,701
Nippon Electric Glass Company, Ltd. 8,000 113,296
Nippon Express Company, Ltd. 18,191 69,764
Nippon Meat Packers, Inc. 3,238 40,835
Nippon Paper Group, Inc. 1,800 37,945
Nippon Sheet Glass Company, Ltd. 10,829 31,245
Nippon Steel Corp. 108,464 346,855
Nippon Telegraph & Telephone Corp. 10,200 457,591
Nippon Yusen Kabushiki Kaisha 32,077 125,331
Nishi-Nippon City Bank, Ltd. 9,000 25,860
Nissan Chemical Industries, Ltd. 3,238 33,478
Nissan Motor Company, Ltd. 51,810 459,675
Nisshin Seifun Group, Inc. 4,886 56,332
Nisshin Steel Company 12,953 27,874
Nisshinbo Holdings, Inc. 2,591 25,138
Nissin Food Products Company, Ltd. 1,284 45,175
Nitori Company, Ltd. 632 55,177
Nitto Denko Corp. 3,468 181,528
NKSJ Holdings, Inc. 30,000 192,853
NOK Corp. 1,508 26,476
Nomura Holdings, Inc. 74,793 391,139
Nomura Real Estate Holdings, Inc. 600 9,096
Nomura Real Estate Office Fund, Inc. 7 47,379
Nomura Research Institute, Ltd. 1,889 41,695
NSK, Ltd. 7,715 66,502
NTN Corp. 6,772 32,484
NTT Data Corp. 28 86,545
NTT DoCoMo, Inc. 326 567,367
NTT Urban Development Corp. 22 18,435
Obayashi Corp. 11,362 50,470
OBIC Company, Ltd. 120 22,467
Odakyu Electric Railway Company, Ltd. 13,305 112,128
Oji Paper Company, Ltd. 18,191 86,384

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Olympus Corp. 4,534 $ 126,132
Omron Corp. 3,839 107,906
Ono Pharmaceutical Company, Ltd. 1,700 83,177
Oracle Corp. 548 22,699
Oriental Land Company, Ltd. 1,007 80,022
ORIX Corp. (L) 2,224 208,283
Osaka Gas Company, Ltd. 41,155 163,174
Otsuka Corp. 200 12,864
Otsuka Holdings Company, Ltd. 5,300 130,817
Rakuten, Inc. 153 136,415
Resona Holdings, Inc. 39,000 185,670
Ricoh Company, Ltd. 14,601 171,322
Rinnai Corp. 748 49,639
Rohm Company, Ltd. 2,073 128,720
Sankyo Company, Ltd. 1,107 56,761
Santen Pharmaceutical Company, Ltd. 1,200 47,519
Sapporo Hokuyo Holdings, Inc. 4,000 19,235
Sapporo Holdings, Ltd. 5,534 20,624
SBI Holdings, Inc. 263 33,104
Secom Company, Ltd. 4,710 217,559
Sega Sammy Holdings, Inc. 3,308 56,616
Seiko Epson Corp. 2,178 34,636
Sekisui Chemical Company, Ltd. 6,772 53,000
Sekisui House, Ltd. 11,362 105,769
Senshu Ikeda Holdings, Inc. 14,900 19,987
Seven & I Holdings Company, Ltd. 15,919 406,109
Seven Bank, Ltd. 9 18,044
Sharp Corp. (L) 21,782 213,834
Shikoku Electric Power Company, Inc. 3,900 106,104
Shimadzu Corp. 4,000 35,537
Shimamura Company, Ltd. 324 28,552
Shimano, Inc. 1,231 61,491
Shimizu Corp. (L) 12,305 54,735
Shin-Etsu Chemical Company, Ltd. 8,789 436,914
Shinko Electric Industries Company, Ltd. 1,100 11,267
Shinko Securities Company, Ltd. (I) 7,000 18,598
Shinsei Bank, Ltd. 29,906 34,892
Shionogi & Company, Ltd. 6,477 110,494
Shiseido Company, Ltd. 7,577 131,172
Shizuoka Bank, Ltd. 12,658 104,697
Showa Denko KK 35,839 71,954
Showa Shell Sekiyu KK 3,045 31,775
SMC Corp. 1,136 185,078
Softbank Corp. 17,312 684,499
Sojitz Holdings Corp. 26,509 52,064
Sony Corp. 20,958 664,702
Sony Financial Holdings, Inc. 3,600 70,716
Square Enix Company, Ltd. 1,400 24,011
Stanley Electric Company, Ltd. 2,692 44,229
Sumco Corp. (I) 1,600 32,258
Sumitomo Chemical Company, Ltd. (L) 34,554 172,396
Sumitomo Corp. 23,834 340,690
Sumitomo Electric Industries, Ltd. 16,801 232,483
Sumitomo Heavy Industries, Ltd. 12,010 78,401
Sumitomo Metal Industries, Ltd. 71,423 159,710
Sumitomo Metal Mining Company, Ltd. 11,715 201,541
Sumitomo Mitsui Financial Group 28,100 873,607
Sumitomo Realty &    
Development Company, Ltd. 7,124 142,514
Sumitomo Rubber Industries, Inc. 4,000 40,421
Suruga Bank, Ltd. 3,886 34,478
Suzuken Company, Ltd. 1,177 31,045
Suzuki Motor Corp. 6,700 149,739
Sysmex Corp. 1,600 56,235
T&D Holdings, Inc. 5,709 140,700

 

209

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Taisei Corp. 20,134 $ 49,621
Taisho Pharmaceuticals Company, Ltd. 2,238 48,430
Taiyo Nippon Sanso Corp. 5,181 42,698
Takashimaya Company, Ltd. 5,181 32,805
Takeda Pharmaceutical Company, Ltd. 15,651 730,054
Tanabe Seiyaku Company, Ltd. 4,000 64,919
TDK Corp. 2,532 149,613
Teijin, Ltd. 15,896 71,091
Terumo Corp. 3,497 184,351
The 77th Bank, Ltd. 7,477 37,574
The Dai-ichi Life Insurance Company, Ltd. 167 251,966
The Hachijuni Bank, Ltd. 11,000 63,345
The Hiroshima Bank, Ltd. 9,000 39,060
The Japan Steel Works, Ltd. 7,000 53,862
The Sumitomo Trust &    
Banking Company, Ltd. 31,554 163,498
The Tokyo Electric Power Company, Inc. 27,633 154,809
THK Company, Ltd. 2,519 62,742
Tobu Railway Company, Ltd. 20,248 82,764
Toho Company, Ltd. 2,267 32,514
Toho Gas Company, Ltd. 8,000 40,940
Tohoku Electric Power Company, Inc. 9,020 151,457
Tokio Marine Holdings, Inc. 15,100 403,732
Tokuyama Corp. 3,000 16,013
Tokyo Electron, Ltd. 3,768 207,698
Tokyo Gas Company, Ltd. 54,165 245,719
Tokyo Steel Manufacturing Company, Ltd. 1,800 21,012
Tokyo Tatemono Company, Ltd. 5,000 18,694
Tokyu Corp. 24,134 99,092
Tokyu Land Corp. 6,829 29,720
TonenGeneral Sekiyu KK 5,829 71,969
Toppan Printing Company, Ltd. 12,010 94,717
Toray Industries, Inc. 28,611 205,181
Toshiba Corp. 85,289 417,319
Tosoh Corp. 6,772 24,343
Toto, Ltd. 3,829 30,474
Toyo Seikan Kaisha, Ltd. 2,791 45,767
Toyo Suisan Kaisha, Ltd. 2,295 49,829
Toyoda Gosei Company, Ltd. 1,166 24,017
Toyota Boshoku Corp. 700 9,953
Toyota Industries Corp. 4,010 120,180
Toyota Motor Corp. 57,953 2,318,115
Toyota Tsusho Corp. 3,600 59,380
Trend Micro, Inc. 2,267 59,857
Tsumura & Company, Ltd. 1,300 40,791
Ube Industries, Ltd. 18,963 60,414
Unicharm Corp. 2,442 88,275
UNY Company, Ltd. 2,238 20,716
Ushio, Inc. 1,943 38,005
USS Company, Ltd. 457 35,547
West Japan Railway Company, Ltd. 36 137,765
Yahoo! Japan Corp. 301 107,691
Yakult Honsha Company, Ltd. 1,743 44,549
Yamada Denki Company, Ltd. 1,814 120,785
Yamaguchi Financial Group, Inc. 4,000 37,028
Yamaha Corp. 2,474 27,840
Yamaha Motor Company, Ltd. (I) 5,909 102,124
Yamato Kogyo Company, Ltd. 300 9,990
Yamato Transport Company, Ltd. 8,420 130,582
Yamazaki Baking Company, Ltd. 3,591 41,833
Yaskawa Electric Corp. 4,000 47,415
Yokogawa Electric Corp. (I) 2,586 19,711
 
    47,214,757

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Luxembourg - 0.36%    
Aperamaperam 912 $ 36,642
ArcelorMittal 18,249 661,224
Millicom International Cellular SA 1,931 184,711
Reinet Investments SCA (I) 2,087 36,826
Reinet Investments SCA SADR (I) 7,937 13,598
SES SA 5,966 153,647
Tenaris SA 10,162 250,518
 
    1,337,166
Malaysia - 0.67%    
AirAsia BHD (I) 21,700 19,206
Alliance Financial Group BHD 52,400 54,799
AMMB Holdings BHD 30,887 66,120
Asiatic Development BHD 15,000 39,580
Axiata Group BHD (I) 41,100 64,933
Berjaya Corp. BHD 3,570 766
Berjaya Corp. BHD (Kuala Lumpur Exchange) 35,700 13,412
Berjaya Sports Toto BHD 11,035 15,508
British American Tobacco Malaysia BHD 4,800 76,105
Bursa Malaysia BHD 8,000 21,996
Commerce Asset Holdings BHD 84,100 227,484
Digi.Com BHD 5,800 54,794
Gamuda BHD 24,200 30,859
Genting BHD 44,700 162,687
Guinness Anchor BHD 3,700 11,757
Hong Leong Bank BHD 6,800 22,127
Hong Leong Credit BHD 5,600 16,646
IJM Corp. BHD 45,710 96,619
IOI Corp. BHD 77,466 147,166
KNM Group BHD 29,287 26,725
Kuala Lumpur Kepong BHD 8,250 57,762
Lafarge Malayan Cement BHD 9,360 22,862
Malayan Banking BHD 78,485 231,986
Malaysian Airline System BHD (I) 18,400 11,161
MISC BHD 26,280 68,237
MMC Corp. BHD 3,800 3,471
Parkson Holdings BHD 20,197 37,965
Petronas Dagangan BHD 6,600 35,967
Petronas Gas BHD 8,100 30,606
PLUS Expressways BHD 24,600 36,373
PPB Group BHD 7,300 41,000
Public Bank BHD 1,526 6,607
Public Bank BHD - Foreign Market 21,000 91,069
Resorts World BHD 54,500 66,130
RHB Capital BHD 26,200 74,158
Sime Darby BHD 50,801 154,997
SP Setia BHD 10,600 22,055
Telekom Malaysia BHD 15,700 20,951
Tenaga Nasional BHD 32,250 66,511
UEM Land Holdings BHD (I) 36,187 33,851
UMW Holdings BHD 24,700 60,030
YTL Corp. BHD 14,586 35,793
YTL Power International BHD 82,365 62,566
 
    2,441,397
Mauritius - 0.01%    
Essar Energy PLC (I) 6,906 52,309
Mexico - 1.05%    
Alfa SAB de CV 5,936 76,845
America Movil SAB de CV, Series L 421,594 1,226,029
Cemex SAB de CV (I) 229,882 205,637
Coca-Cola Femsa SAB de CV, Series L 5,059 38,998
Desarrolladora Homex SAB de CV (I) 7,400 33,745
Fomento Economico Mexicano SA de CV 51,365 301,727

 

210

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Mexico (continued)    
Grupo Aeroportuario del Pacifico SA    
de CV, Series B 8,500 $ 36,331
Grupo Bimbo SA de CV 9,288 78,751
Grupo Carso SAB de CV 15,484 51,043
Grupo Elektra SA de CV 1,800 77,784
Grupo Financiero Banorte SAB de CV 35,109 165,296
Grupo Financiero Inbursa SA 17,341 79,850
Grupo Mexico SAB de CV, Series B 90,444 339,133
Grupo Modelo SA 16,408 98,632
Grupo Televisa SA (I) 49,843 245,308
Industrias Penoles SA de CV 2,050 75,411
Kimberly-Clark de Mexico SA de CV 14,026 87,249
Mexichem SAB de CV 16,491 61,974
Minera Frisco SAB de CV, Class A1 (I) 15,484 67,849
Telefonos de Mexico SA de CV 107,820 98,987
Urbi Desarrollos Urbanos SAB de CV (I) 17,600 40,913
Wal-Mart de Mexico SA de CV, Series V 127,930 383,969
 
    3,871,461
Netherlands - 1.85%    
Aegon NV (I) 34,800 260,727
Akzo Nobel NV 5,007 344,460
ASML Holding NV 9,545 421,000
Corio NV 1,300 91,054
Delta Lloyd NV 1,776 47,235
Fugro NV (I) 1,904 167,716
Heineken Holding NV 2,904 139,738
Heineken NV 6,005 328,120
ING Groep NV (I) 81,610 1,035,813
Koninklijke (Royal) KPN NV 33,351 568,726
Koninklijke Ahold NV 25,713 344,922
Koninklijke Boskalis Westinster NV 1,859 98,293
Koninklijke DSM NV 3,262 200,313
Koninklijke Philips Electronics NV 20,957 669,376
Koninklijke Vopak NV 1,450 69,847
Randstad Holdings NV 2,698 150,150
Reed Elsevier NV 17,086 220,114
SBM Offshore NV 4,334 126,093
TNT NV 9,028 231,923
Unilever NV 35,352 1,110,038
Wolters Kluwer NV 7,194 168,424
 
    6,794,082
New Zealand - 0.08%    
Auckland International Airport, Ltd. 36,780 62,152
Contact Energy, Ltd. (I) 4,649 20,645
Fletcher Building, Ltd. 15,433 109,974
Sky City Entertainment Group, Ltd. 6,492 16,738
Telecom Corp. of New Zealand, Ltd. 62,619 96,279
 
    305,788
Norway - 0.56%    
Aker Solutions ASA 3,681 84,510
BW Offshore, Ltd. (I) 6,480 17,337
DnB NOR ASA 20,289 311,318
Norsk Hydro ASA (L) 23,981 196,560
Orkla ASA 16,158 156,778
Renewable Energy Corp. ASA (I)(L) 13,486 47,286
Statoil ASA 24,772 687,496
Telenor ASA 17,791 292,783
Yara International ASA 4,812 243,801
 
    2,037,869
Peru - 0.19%    
Compania de Minas Buenaventura SA 3,833 148,921
Credicorp SA 2,108 222,816

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Peru (continued)    
Credicorp, Ltd., ADR 50 $ 5,247
Southern Peru Copper Corp. 8,121 326,058
 
    703,042
Philippines - 0.14%    
Ascendas Real Estate Investment Trust 35,395 79,792
Ayala Corp. 2,356 20,881
Ayala Land, Inc. 163,200 58,260
Banco De Oro 4,786 5,726
Bank of the Philippine Islands 44,139 58,195
Energy Development Corp. (I) 207,938 28,782
Filinvest Land, Inc. 98,991 2,620
Globe Telecommunications, Inc. 830 17,046
Jollibee Foods Corp. 10,900 21,887
Manila Electric Company 5,957 35,386
Metropolitan Bank & Trust Company (I) 17,121 25,312
Philippine Long Distance Telephone Company 1,120 59,954
SM Investments Corp. 4,340 51,882
SM Prime Holdings, Ltd. 136,479 35,206
 
    500,929
Poland - 0.39%    
Asseco Poland SA PDA 2,172 41,212
Bank Handlowy w Warszawie SA 326 11,611
Bank Millennium SA (I) 12,341 25,344
Bank Pekao SA 3,048 182,709
Bank Zachodni WBK SA 639 51,036
Boryszew SA (I) 11,898 9,213
BRE Bank SA (I) 365 44,145
Cyfrowy Polsat SA 6,360 35,445
Firma Oponiarska Debica SA 64 1,398
Getin Holding SA (I) 5,247 26,225
Globe Trade Centre SA (I) 3,523 26,408
Grupa Lotos SA (I) 722 11,218
ING Bank Slaski SA (I) 33 10,391
KGHM Polska Miedz SA 3,252 206,228
PBG SA (I) 272 18,001
Polish Oil & Gas Company 27,824 36,825
Polska Grupa Energetyczna SA 7,406 59,726
Polski Koncern Naftowy Orlen SA (I) 8,578 158,931
Powszechna Kasa Oszczednosci    
Bank Polski SA 14,985 230,683
Powszechny Zaklad Ubezpieczen SA 969 121,435
Sygnity SA (I) 207 1,612
Telekomunikacja Polska SA 14,172 87,767
TVN SA 4,829 30,831
 
    1,428,394
Portugal - 0.18%    
Banco Comercial Portugues SA (L) 64,836 52,936
Banco Espirito Santo SA 11,295 46,277
Brisa Auto Estrada SA 3,507 23,721
Cimpor-Cimentos de Portugal SA 4,601 33,351
Electricidade de Portugal SA 37,846 147,510
Galp Energia SGPS SA 3,215 68,879
Jeronimo Martins SGPS SA 4,434 71,321
Portugal Telecom SGPS SA 20,186 233,440
 
    677,435
Russia - 1.74%    
Gazprom OAO, SADR (I) 74,875 2,421,457
Gazprom OAO, SADR (London Exchange) (I) 1,840 59,633
JSC MMC Norilsk Nickel, ADR 25,000 661,000
Lukoil OAO, ADR 15,215 1,086,199
Mechel, SADR 4,296 132,274
Mobile TeleSystems, SADR 12,247 260,004

 

211

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Russia (continued)    
NovaTek OAO, ADR 2,317 $ 322,592
Novolipetsk Steel, ADR 2,328 102,432
Polyus Gold Company ZAO, SADR 4,190 147,488
Sistema JSFC, Reg. S, GDR 2,966 86,382
Surgutneftegaz SADR 21,410 128,246
Surgutneftegaz, ADR (L) 20,930 226,253
Tatneft, ADR 9,856 435,537
VTB Bank OJSC, GDR 28,849 202,177
Wimm-Bill-Dann Foods OJSC, ADR (I) 3,792 126,918
 
    6,398,592
Singapore - 1.13%    
Capitaland, Ltd. 63,587 166,629
CapitaMall Trust 60,552 90,203
City Developments, Ltd. 12,715 116,415
ComfortDelGro Corp., Ltd. 55,269 68,431
Cosco Corp. Singapore, Ltd. 42,000 68,117
DBS Group Holdings, Ltd. 41,268 479,838
Fraser and Neave, Ltd. 19,200 91,616
Genting Singapore PLC (I) 98,400 159,703
Golden Agri-Resources, Ltd. 210,085 114,731
Hutchison Port Holdings Trust (I) 110,100 108,999
Jardine Cycle and Carriage, Ltd. 2,924 84,690
K-Green Trust 6,562 5,357
Keppel Corp., Ltd. 26,810 261,814
Keppel Land, Ltd. 16,000 56,887
Neptune Orient Lines, Ltd. 15,133 23,236
Olam International, Ltd. 22,281 49,391
Oversea-Chinese Banking Corp., Ltd. 59,488 452,409
SembCorp Industries, Ltd. 30,415 125,805
SembCorp Marine, Ltd. 13,706 63,551
Singapore Airlines, Ltd. 13,880 150,365
Singapore Airport Terminal Services, Ltd. 10,132 20,174
Singapore Exchange, Ltd. 22,601 140,833
Singapore Press Holdings, Ltd. 39,059 122,150
Singapore Technologies Engineering, Ltd. 39,202 101,260
Singapore Telecommunications, Ltd. 174,430 418,127
Suntec Real Estate Investment Trust 191 233
United Overseas Bank, Ltd. 27,904 416,141
UOL Group, Ltd. 7,568 28,474
Wilmar International, Ltd. 25,000 108,484
Yangzijiang Shipbuilding Holdings, Ltd. (I) 38,000 54,610
 
    4,148,673
South Africa - 1.81%    
ABSA Group, Ltd. 6,306 127,195
Adcock Ingram Holdings, Ltd. 4,907 40,281
African Bank Investments, Ltd. 13,703 76,747
African Rainbow Minerals, Ltd. 2,145 70,575
Anglo Platinum, Ltd. 1,648 169,521
AngloGold Ashanti, Ltd. 8,473 406,355
Aspen Pharmacare Holdings, Ltd. (I) 4,269 49,828
Aveng, Ltd. 7,920 41,779
Bidvest Group, Ltd. 7,302 160,606
Discovery Holdings, Ltd., ADR 9,036 50,870
FirstRand, Ltd. 59,334 176,291
Foschini, Ltd. 3,406 42,574
Gold Fields, Ltd. 16,000 279,580
Growthpoint Properties, Ltd. 30,364 77,608
Harmony Gold Mining Company, Ltd. 7,113 105,279
Hulamin, Ltd. (I) 156 161
Impala Platinum Holdings, Ltd. 11,959 345,147
Imperial Holdings, Ltd. 5,062 85,437
Investec, Ltd. 3,621 28,263
Kumba Iron Ore, Ltd. 1,658 116,997

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Africa (continued)    
Kumba Resources, Ltd. 2,168 $ 52,896
Liberty Holdings, Ltd. 3,638 38,237
Massmart Holdings, Ltd. 3,626 75,008
Mittal Steel South Africa, Ltd. 3,365 44,775
MMI Holdings, Ltd. 10,014 24,666
MTN Group, Ltd. 36,037 727,252
Murray & Roberts Holdings, Ltd. 5,230 20,501
Naspers, Ltd., SADR 8,488 455,337
Nedbank Group, Ltd. 3,976 83,188
Netcare, Ltd. 37,390 80,114
Northam Platinum, Ltd. 5,619 36,453
Pick’n Pay Stores, Ltd. 2,994 20,389
Pretoria Portland Cement Company, Ltd. 9,199 32,635
Redefine Income Fund, Ltd. 67,758 75,118
Remgro, Ltd. 8,783 144,625
Reunert, Ltd. 5,060 43,835
RMB Holdings, Ltd. 13,774 56,892
Rmi Holdings 13,774 23,720
Sanlam, Ltd. 43,663 177,931
Sappi, Ltd. (I) 17,308 91,503
Sasol, Ltd. 13,639 789,930
Shoprite Holdings, Ltd. 8,525 130,624
Standard Bank Group, Ltd. 26,121 401,220
Steinhoff International Holdings, Ltd. (I) 26,236 97,599
Super Group, Ltd. (I) 2,898 317
Telkom SA, Ltd. 5,943 32,521
Tiger Brands, Ltd. 3,203 82,806
Trans Hex Group, Ltd. (I) 514 194
Truworths International, Ltd. 13,754 143,186
Vodacom Group, Ltd. 9,731 114,172
Woolworths Holdings, Ltd. 24,928 102,924
 
    6,651,662
South Korea - 3.40%    
Amorepacific Corp. 60 57,158
BS Financial Group, Inc. (I) 2,097 30,395
Cheil Industries, Inc. 840 89,072
CJ CheilJedang Corp. 120 25,142
Daegu Bank 3,940 64,591
Daelim Industrial Company, Ltd. 480 46,722
Daewoo Engineering &    
Construction Company, Ltd. (I) 6,620 72,998
Daewoo International Corp. 836 28,275
Daewoo Securities Company, Ltd. (I) 2,350 47,878
Daewoo Shipbuilding & Marine    
Engineering Company, Ltd. 1,710 53,212
Dongbu Insurance Company, Ltd. 990 45,152
Dongkuk Steel Mill Company, Ltd. 2,180 78,365
Doosan Corp. 370 48,234
Doosan Heavy Industries and    
Construction Company, Ltd. 580 37,117
Doosan Infracore Company, Ltd. (I) 4,030 112,015
GS Engineering & Construction Corp. 1,110 116,871
GS Holdings Corp. 1,880 159,892
Hana Financial Group, Inc. 4,870 211,112
Hanjin Heavy Industries &    
Construction Company, Ltd. (I) 1,063 31,688
Hankook Tire Company, Ltd. 3,350 109,319
Hanwha Chemical Corp. 2,217 87,317
Hanwha Corp. 840 38,688
Hite Holdings Company, Ltd. 200 3,188
Honam Petrochemical Corp. 230 81,100
Hynix Semiconductor, Inc. 11,990 341,331
Hyosung Corp. 390 31,239
Hyundai Department Store Company, Ltd. 800 103,448

 

212

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Hyundai Development Company 1,140 $ 33,100
Hyundai Engineering &    
Construction Company, Ltd. 990 71,342
Hyundai Heavy Industries Company, Ltd. 920 433,790
Hyundai Mipo Dockyard Company, Ltd. 570 97,169
Hyundai Mobis 1,540 460,022
Hyundai Motor Company, Ltd. 3,380 627,365
Hyundai Securities Company, Ltd. (I) 2,435 29,238
Hyundai Steel Company 1,100 140,172
Industrial Bank of Korea 2,860 49,171
Kangwon Land, Inc. 1,500 34,912
KB Financial Group, Inc. 5,140 268,984
KB Financial Group, Inc., ADR 2,566 133,868
KCC Corp. 240 79,466
Kia Motors Corp. 3,510 221,504
Korea Electric Power Corp. (I) 3,830 93,855
Korea Electric Power Corp., SADR (I) 3,533 43,244
Korea Exchange Bank 4,620 40,785
Korea Gas Corp. 1,230 41,008
Korea Investment Holdings Company, Ltd. (I) 600 22,918
Korea Zinc Company, Ltd. 340 123,468
Korean Air Lines Company, Ltd. 1,139 67,982
Korean Reinsurance Company, Ltd. 15 175
KT Corp. 2,633 93,331
KT Corp. SADR 1,397 27,283
KT&G Corp. 2,410 125,358
Kumho Industrial Company, Ltd. (I) 120 1,386
LG Chem, Ltd. 988 413,902
LG Corp. 1,990 148,196
LG Display Company, Ltd. 3,760 117,719
LG Display Company, Ltd., ADR 2,360 37,123
LG Electronics, Inc. 2,070 197,792
LG Household & Health Care, Ltd. 310 116,259
LG Innotek Company, Ltd. 210 22,264
LG Uplus Corp. 11,952 67,444
Lotte Confectionery Company, Ltd. 44 60,125
Lotte Shopping Company, Ltd. 170 69,584
LS Cable, Ltd. 870 87,493
Mirae Asset Securities Company, Ltd. 875 37,352
NCSoft Corp. 380 86,786
NHN Corp. (I) 828 144,449
OCI Company, Ltd. 240 107,956
Pacific Corp. 20 3,601
POSCO 1,559 715,418
S-Oil Corp. 850 116,869
S1 Corp. 810 41,555
Samsung Card Company, Ltd. 1,490 75,333
Samsung Corp. 2,810 183,599
Samsung Electro-Mechanics Company, Ltd. 1,160 124,028
Samsung Electronics Company, Ltd. 2,361 2,003,024
Samsung Engineering Company, Ltd. 600 114,164
Samsung Fire & Marine    
Insurance Company, Ltd. 820 181,117
Samsung Heavy Industries Company, Ltd. 3,350 121,852
Samsung SDI Company, Ltd. 660 100,899
Samsung Securities Company, Ltd. (I) 990 72,594
Samsung Techwin Company, Ltd. 677 49,210
Seoul Semiconductor Company, Ltd. 720 28,081
Shinhan Financial Group Company, Ltd. 8,575 389,684
Shinsegae Company, Ltd. 606 144,069
SK C&C Company, Ltd. 340 30,096
SK Energy Company, Ltd. 1,280 244,183
SK Holdings Company, Ltd. 719 108,589
SK Networks Company, Ltd. 3,090 34,592
SK Telecom Company, Ltd. 470 70,053

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
SK Telecom Company, Ltd. ADR (L) 3,498 $ 65,797
STX Pan Ocean Company, Ltd. 3,650 32,941
Tong Yang Investment Bank (I) 6 43
Woongjin Coway Company, Ltd. 1,930 66,594
Woori Finance Holdings Company, Ltd. 4,570 60,499
Woori Investment & Securities Company, Ltd. 2,910 53,192
Yuhan Corp. 350 47,222
 
    12,505,757
Spain - 2.39%    
Abertis Infraestructuras SA 7,395 160,615
Acciona SA 749 81,382
Acerinox SA 1,561 30,802
ACS Actividades de Construccion    
y Servicios SA 2,925 137,223
Amadeus IT Holding SA, A Shares (I) 3,903 74,697
Banco Bilbao Vizcaya Argentaria SA 90,421 1,097,757
Banco de Sabadell SA 23,481 102,849
Banco de Valencia SA (I)(L) 2,685 12,021
Banco Popular Espanol SA 19,082 112,190
Banco Santander SA 178,590 2,081,406
Bankinter SA (L) 6,779 46,513
Criteria Caixacorp SA 15,574 109,960
EDP Renovaveis SA (I) 3,867 27,798
Enagas SA 3,245 73,190
Ferrovial SA (I) 11,218 140,712
Fomento de Construcciones SA 432 14,320
Gas Natural SDG SA 5,781 108,559
Gestevision Telecinco SA 3,129 35,800
Grifols SA 1,776 30,996
Iberdrola Renovables SA 21,843 94,249
Iberdrola SA 90,624 788,221
Inditex SA 4,857 389,905
Indra Sistemas SA 1,823 36,576
Mapfre SA 15,332 57,804
Red Electrica De Espana 2,815 159,895
Repsol YPF SA 15,525 532,742
Telefonica SA 87,469 2,189,938
Zardoya Otis SA 3,958 65,705
Zeltia SA (I) 175 689
 
    8,794,514
Sweden - 2.00%    
Alfa Laval AB 4,804 104,262
Assa Abloy AB, Series B 8,099 232,840
Atlas Copco AB, Series A 14,141 375,944
Atlas Copco AB, Series B 8,309 200,907
Boliden AB 6,000 128,963
CDON Group AB (I) 1,128 6,110
Electrolux AB (L) 5,064 130,676
Getinge AB, Series B 2,912 71,963
Hennes & Mauritz AB, B Shares 21,764 723,441
Holmen AB, Series B 371 12,826
Husqvarna AB, B Shares 6,017 51,658
Investor AB, B Shares (L) 11,200 271,902
Kinnevik Investment AB 5,500 128,227
Loomis AB (I) 1,539 24,420
Modern Times Group AB, B Shares 1,128 85,767
Nordea Bank AB (L) 55,768 610,654
Sandvik AB 21,292 402,542
Scania AB, Series B 4,952 115,000
Securitas AB, Series B 3,499 41,666
Skandinaviska Enskilda Banken    
AB, Series A (L) 33,294 297,071
Skanska AB, Series B (L) 9,559 201,238

 

213

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Sweden (continued)    
SKF AB, B Shares 8,152 $ 237,417
SSAB AB, Series A (L) 2,022 31,998
Svenska Cellulosa AB (L) 14,076 226,464
Svenska Handelsbanken AB, Series A (L) 11,139 365,617
Swedbank AB, Class A (L) 14,200 243,073
Swedish Match AB 4,653 154,659
Tele2 AB, Series B 3,680 85,198
Telefonaktiebolaget LM Ericsson, B Shares 66,490 855,044
Teliasonera AB (L) 48,043 415,516
Volvo AB, Series B (L) 29,020 509,906
 
    7,342,969
Switzerland - 5.27%    
ABB, Ltd. (I) 49,228 1,185,209
Actelion, Ltd. (I) 2,203 126,689
Adecco SA 2,684 176,769
Aryzta AG 1,799 92,023
Baloise Holding AG 1,076 106,618
Compagnie Financiere Richemont SA 11,585 668,973
Credit Suisse Group AG (I) 25,078 1,065,694
GAM Holding, Ltd. (I) 4,378 83,185
Geberit AG (I) 867 188,985
Givaudan AG (I) 182 183,247
Holcim, Ltd. (I) 5,421 408,243
Julius Baer Group, Ltd. (I) 4,600 199,676
Kuehne & Nagel International AG 1,176 164,524
Lindt & Spruengli AG 18 51,960
Lindt & Spruengli AG - REG 3 97,505
Logitech International SA (I) 4,213 75,956
Lonza Group AG (I) 971 81,348
Nestle SA 74,251 4,260,501
Novartis AG 44,721 2,424,645
Pargesa Holding SA, ADR 557 53,335
Roche Holdings AG 14,890 2,126,909
Schindler Holding AG 1,052 126,383
Schindler Holding AG - REG 494 59,675
SGS SA 120 213,827
Sika AG 46 110,751
Sonova Holding AG 1,149 102,400
Straumann Holding AG 186 47,821
Swatch Group AG 919 73,043
Swiss Life Holding (I) 652 107,766
Swiss Reinsurance Company, Ltd. (I) 7,790 445,877
Swisscom AG 511 227,836
Syngenta AG 2,139 695,356
Synthes AG 1,295 175,248
The Swatch Group AG, BR Shares 687 303,621
Transocean, Ltd. (I) 6,746 529,599
UBS AG (Swiss Exchange) (I) 77,126 1,384,396
Zurich Financial Services AG (I) 3,341 935,407
 
    19,361,000
Taiwan - 2.16%    
Acer, Inc. 53,424 109,049
Advanced Semiconductor Engineering, Inc. 91,226 99,435
Advantech Company, Ltd. 1,647 5,093
Asia Cement Corp. 33,727 37,874
Asia Optical Company, Inc. (I) 79 155
Asustek Computer, Inc. 12,256 105,962
AU Optronics Corp. (I) 163,827 143,237
Catcher Technology Company, Ltd. 8,184 40,520
Cathay Financial Holdings Company, Ltd. 134,767 222,253
Chang Hwa Commercial Bank, Ltd. 68,000 54,597
Cheng Shin Rubber Industry Company, Ltd. 15,752 36,540
Cheng Uei Precision Industry Company, Ltd. 6,814 13,215

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Chimei Innolux Corp. (I) 88,017 $ 90,299
China Airlines, Ltd. (I) 24,472 14,060
China Development Financial Holdings Corp. 174,718 70,440
China Motor Company, Ltd. 65 53
China Steel Corp. 223,166 266,608
Chinatrust Financial Holding Company, Ltd. 191,895 162,960
Chunghwa Picture Tubes, Ltd. (I) 64,630 8,048
Chunghwa Telecom Company, Ltd. 84,148 262,132
CMC Magnetics Corp. (I) 18,000 4,360
Compal Communications, Inc. 512 467
Compal Electronics, Inc. 79,764 79,146
D-Link Corp. 361 336
Delta Electronics, Inc. 32,331 128,125
E.Sun Financial Holding Company, Ltd. 40,867 25,718
Epistar Corp. 10,064 36,904
Eternal Chemical Company, Ltd. 3,871 4,569
EVA Airways Corp. (I) 21,476 16,914
Evergreen Marine Corp. (I) 8,000 6,663
Everlight Electronics Company, Ltd. 6,535 18,470
Far Eastern Department Stores Company, Ltd. 17,736 28,035
Far Eastern New Century Corp. 57,626 89,073
Far EasTone    
Telecommunications Company, Ltd. 16,159 24,184
First Financial Holding Company, Ltd. 88,994 76,297
Formosa Chemicals & Fibre Corp. 59,740 226,344
Formosa Petrochemical Corp. 24,720 81,069
Formosa Plastic Corp. 85,160 299,642
Formosa Taffeta Company, Ltd. 5,000 5,021
Foxconn Technology Company, Ltd. 12,514 47,713
Fubon Financial Holding Company, Ltd. 100,794 133,896
HannStar Display Corp. (I) 58,031 10,312
Hon Hai Precision Industry Company, Ltd. 191,060 669,567
HTC Corp. 15,236 596,206
Hua Nan Financial Holdings Company, Ltd. 59,504 44,469
Inotera Memories, Inc. (I) 428 218
Inventec Appliances Corp. 813 643
Inventec Company, Ltd. 23,659 12,059
KGI Securities Company, Ltd. 30,000 14,364
Kinsus Interconnect Technology Corp. 1,035 3,186
Largan Precision Company, Ltd. 1,143 30,887
Lite-On Technology Corp. 38,461 47,368
Macronix International Company, Ltd. 47,677 31,633
MediaTek, Inc. 20,340 233,646
Mega Financial Holding Company, Ltd. 171,000 134,667
Mitac International 2,814 1,209
Mosel Vitelic, Inc. (I) 428 214
Motech Industries, Inc. 4,359 18,906
Nan Ya Plastics Corp. 111,240 327,671
Nan Ya Printed Circuit Board Corp. 1,154 3,443
Nanya Technology Corp. (I) 26,017 13,555
Novatek Microelectronics Corp., Ltd. 7,361 21,651
Pan-International Industrial Company, Ltd. 321 374
Pegatron Corp. (I) 32,989 37,372
Polaris Securities Company, Ltd. 29,282 19,822
Pou Chen Corp. 36,641 33,838
Powerchip Semiconductor Corp. (I) 64,457 13,939
Powertech Technology, Inc. 11,954 37,401
President Chain Store Corp. 7,496 33,242
Qisda Corp. (I) 16,048 9,719
Quanta Computer, Inc. 39,771 75,106
Realtek Semiconductor Corp. 5,824 10,461
Richtek Technology Corp. 2,425 16,790
Shin Kong Financial    
Holding Company, Ltd. (I) 95,063 41,238
Siliconware Precision Industries Company 54,855 67,919

 

214

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
SinoPac Holdings Company, Ltd. 97,000 $ 43,726
Synnex Technology International Corp. 23,741 55,339
Taishin Financial Holdings Company, Ltd. (I) 60,022 34,002
Taiwan Cement Corp. 60,781 73,342
Taiwan Cooperative Bank 39,215 30,781
Taiwan Fertilizer Company, Ltd. 13,000 38,211
Taiwan Glass Industrial Corp. 9,791 12,368
Taiwan Mobile Company, Ltd. 35,842 84,333
Taiwan Semiconductor    
Manufacturing Company, Ltd. 547,227 1,312,062
Tatung Company, Ltd. (I) 51,000 11,707
Teco Electric & Machinery Company, Ltd. 16,000 11,199
Transcend Information, Inc. 6,608 18,043
Tripod Technology Corp. 3,703 16,323
Tung Ho Steel Enterprise Corp. 8,132 9,432
U-Ming Marine Transport Corp. 5,000 10,639
Uni-President Enterprises Corp. 69,300 94,918
Unimicron Technology Corp. 20,604 35,055
United Microelectronics Corp. 258,313 134,256
Vanguard International Semiconductor Corp. 126 60
Wafer Works Corp. (I) 136 240
Walsin Lihwa Corp. (I) 28,000 14,718
Wan Hai Lines, Ltd. (I) 5,250 3,674
Wistron Corp. 32,068 50,770
Ya Hsin Industrial Company, Ltd. (I) 22,000 0
Yang Ming Marine Transport Corp. (I) 3,044 2,386
Yuanta Financial Holdings Company, Ltd. 150,130 107,985
Yulon Motor Company, Ltd. 17,510 32,351
Zinwell Corp. 904 1,648
 
    7,928,139
Thailand - 0.43%    
Advanced Info Service PLC 16,600 49,397
Bangkok Bank PCL 6,300 35,833
Bangkok Bank PCL (Foreign REG) 18,300 104,871
Bank of Ayudhya PCL 99,000 81,553
Banpu PCL 4,100 103,991
BEC World PCL 25,900 28,901
C.P. Seven Eleven PCL 56,395 74,584
Charoen Pokphand Foods PCL 69,900 59,511
Electricity Generating PCL 800 2,518
Glow Energy PCL 13,200 18,330
IRPC PCL 214,900 40,856
Kasikornbank PCL 11,700 49,119
Kasikornbank PCL (Foreign Shares) 22,800 98,975
Krung Thai Bank PCL 79,500 48,365
PTT Aromatics & Refining PCL 29,486 36,315
PTT Chemical PCL 7,797 38,154
PTT Exploration & Production PCL 24,200 144,024
PTT PCL, Foreign Shares 18,200 213,020
Siam Cement PCL, Foreign Shares 11,700 146,444
Siam City Cement PCL 1,800 12,379
Siam Commercial Bank PCL 25,500 91,056
Thai Oil PCL 33,400 91,934
Total Access Communication PCL 10,000 15,870
 
    1,586,000
Turkey - 0.36%    
Adana Cimento Sanayii Turk Anonim Sirketi    
AS, Class A 685 2,412
Akbank AS 24,726 120,154
Akcansa Cimento AS 635 3,007
Aksigorta AS (I) 3,270 4,132
Anadolu Efes Biracilik ve Malt Sanayii AS 6,968 98,526
Asya Katilim Bankasi AS 1,627 3,173

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Turkey (continued)    
BIM Birlesik Magazalar AS 3,180 $ 106,978
Coca-Cola Icecek AS 5,020 62,958
Enka Insaat ve Sanayi AS 15,418 59,464
Eregli Demir ve Celik Fabrikalari AS (I) 13,800 36,935
Eregli Demir ve Celik Fabrikalari TAS (I) 4,743 11,919
HACI Omer Sabanci Holding AS 17,051 79,315
Is Gayrimenkul Yatirim Ortakligi AS 2,702 3,029
KOC Holdings AS 14,973 69,520
Tupras Turkiye Petrol Rafine AS 2,088 61,272
Turk Telekomunikasyon AS 9,035 45,432
Turkcell Iletisim Hizmetleri AS 13,561 80,886
Turkiye Garanti Bankasi AS 44,592 208,589
Turkiye Halk Bankasi AS 9,317 72,138
Turkiye Is Bankasi AS 31,745 101,595
Turkiye Vakiflar Bankasi Tao 22,351 55,899
Yapi ve Kredi Bankasi AS (I) 13,970 40,095
 
    1,327,428
Ukraine - 0.01%    
Kernel Holding SA (I) 818 20,448
United Kingdom - 14.00%    
3i Group PLC 19,182 92,097
Admiral Group PLC 4,748 118,459
Aggreko PLC 5,825 147,270
AMEC PLC (I) 7,370 140,893
Anglo American PLC 28,211 1,450,517
Antofagasta PLC 8,358 182,277
ARM Holdings PLC 29,368 273,729
Associated British Foods PLC (I) 7,931 126,323
AstraZeneca PLC (I) 30,114 1,384,488
Autonomy Corp. PLC (I) 4,625 118,036
Aviva PLC (I) 61,989 430,513
Babcock International Group PLC 9,426 93,854
BAE Systems PLC (I) 74,357 388,001
Balfour Beatty PLC 12,644 69,715
Barclays PLC 245,285 1,100,361
BG Group PLC 71,755 1,782,551
BHP Billiton PLC 46,884 1,858,484
BP PLC 401,978 2,927,631
British American Tobacco PLC 42,320 1,700,656
British Land Company PLC (I) 18,752 166,437
British Sky Broadcasting Group PLC 24,147 319,619
BT Group PLC 167,375 499,955
Bunzl PLC 6,605 78,889
Burberry Group PLC 9,232 173,892
Cable & Wireless Worldwide 61,515 51,749
Cairn Energy PLC (I) 29,660 220,138
Capita Group PLC 12,986 154,926
Capital Shopping Centres Group PLC 12,534 77,056
Carnival PLC 4,350 171,334
Centrica PLC 109,230 569,698
Cobham PLC 28,969 107,123
Compass Group PLC (I) 40,023 360,228
Diageo PLC 53,496 1,018,156
Enquest PLC (I) 3,012 6,677
Eurasian Natural Resources Corp. 3,860 57,960
FirstGroup PLC 6,232 32,632
Fresnillo PLC 4,319 107,128
G4S PLC 33,582 137,597
GlaxoSmithKline PLC 110,627 2,110,979
Hammerson PLC 15,743 113,013
Home Retail Group PLC 14,560 45,103
HSBC Holdings PLC (I) 374,835 3,854,527
ICAP PLC 8,381 71,000
Imperial Tobacco Group PLC (I) 22,090 683,396

 

215

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Inmarsat PLC 10,139 $ 98,268
Intercontinental Hotels Group PLC 5,311 109,002
International Consolidated    
Airlines Group SA (I) 6,319 23,234
International Consolidated Airlines    
Group SA - DI (I) 10,101 36,772
International Personal Finance PLC 84 434
International Power PLC 32,378 159,967
Intertek Group PLC 3,381 110,435
Invensys PLC 13,036 72,312
Investec PLC 11,830 90,677
ITV PLC (I) 82,721 102,752
J Sainsbury PLC 25,705 138,218
Johnson Matthey PLC 4,395 131,109
Kazakhmys PLC 5,270 118,129
Kingfisher PLC 53,074 209,235
Ladbrokes PLC 210 447
Land Securities Group PLC 17,150 202,011
Legal & General Group PLC 130,572 241,732
Lloyds Banking Group PLC (I) 882,339 822,566
London Stock Exchange Group PLC 2,110 28,225
Lonmin PLC, ADR 3,285 89,658
Man Group PLC 30,604 120,946
Marks & Spencer Group PLC 34,711 187,435
National Grid PLC 74,092 707,717
Next PLC 4,200 133,405
Old Mutual PLC 121,908 265,978
Pearson PLC (I) 17,221 305,094
Petrofac, Ltd. 5,495 131,398
Pharmstandard (I) 6,380 178,321
Prudential PLC 53,951 611,729
Randgold Resources, Ltd. (I) 1,788 144,646
Reckitt Benckiser Group PLC 13,130 674,361
Reed Elsevier PLC 26,202 226,905
Resolution, Ltd. 30,786 146,307
Rexam PLC 22,003 128,179
Rio Tinto PLC (I) 30,875 2,178,479
Rolls-Royce Group PLC (I) 39,978 396,981
Royal Bank of Scotland Group PLC (I) 362,567 237,700
Royal Dutch Shell PLC 77,174 2,799,764
Royal Dutch Shell PLC, B Shares 57,406 2,083,272
RSA Insurance Group PLC (I) 78,927 166,482
SABMiller PLC 20,163 714,518
Sage Group PLC 29,291 130,829
Schroders PLC (I) 1,399 38,985
Scottish & Southern Energy PLC 20,885 422,482
Segro PLC 11,542 59,608
Serco Group PLC 12,247 109,731
Severn Trent PLC 5,025 117,909
Smith & Nephew PLC (I) 18,840 212,366
Smiths Group PLC 8,293 172,751
Standard Chartered PLC (I) 50,181 1,301,648
Standard Life PLC 48,087 159,553
Tesco PLC (I) 171,528 1,047,907
The Weir Group PLC 4,214 117,025
Thomas Cook Group PLC 22,139 60,539
TUI Travel PLC 6,959 25,337
Tullow Oil PLC 18,743 435,883
Unilever PLC 27,610 842,033
United Utilities Group PLC 16,697 158,601
Vedanta Resources PLC 2,400 91,538
Vodafone Group PLC 1,111,630 3,147,481
Whitbread PLC 3,714 98,420
William Morrison Supermarket PLC 47,514 210,373
Wolseley PLC 6,331 213,465

 

International Equity Index Trust B (continued)
Shares or   
Principal   
Amount  Value
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
WPP PLC 26,936 $ 332,141
Xstrata PLC 43,902 1,025,074
 
    51,431,546
United States - 0.00%    
Southern Copper Corp. 264 10,631
TOTAL COMMON STOCKS (Cost $280,908,546) $ 345,910,674
 
PREFERRED SECURITIES - 2.40%    
Brazil - 2.01%    
AES Tiete SA 3,400 51,646
Banco Bradesco SA 43,235 883,158
Banco do Estado do Rio Grande do Sul SA 4,032 49,639
Bradespar SA 4,600 120,589
Brasil Telecom SA 10,204 90,999
Braskem SA, A Shares 4,100 54,344
Centrais Eletricas Brasileiras SA 4,300 80,646
Cia Paranaense de Energia 1,700 46,284
Companhia Brasileira de Distribuicao Grupo    
Pao de Acucar (I) 2,523 103,723
Companhia de Bebidas das Americas 16,745 466,150
Companhia de Gas de Sao Paulo 600 16,593
Companhia de Transmissao de Energia    
Eletrica Paulista 1,616 51,529
Companhia Energetica de Minas Gerais 9,429 180,131
Companhia Energetica de Sao Paulo 2,583 49,203
Eletropaulo Metropolitana Eletricidade de    
Sao Paulo SA 1,351 29,872
Fertilizantes Fosfatados SA 6,500 63,063
Gerdau SA 17,000 210,229
Investimentos Itau SA 52,580 412,228
Itau Unibanco Holding SA 45,953 1,094,890
Klabin SA 16,000 64,680
Lojas Americanas SA 5,800 48,314
Metalurgica Gerdau SA 5,500 82,063
Petroleo Brasileiro SA 72,951 1,273,900
Suzano Papel e Celulose SA 2,375 21,893
Tam SA 1,749 33,745
Tele Norte Leste Participacoes SA 7,300 125,642
Telemar Norte Leste SA 1,600 54,341
Tim Participacoes SA 23,851 102,407
Usinas Siderurgicas de Minas Gerais SA 10,150 122,784
Vale SA 44,100 1,280,066
Vivo Participacoes SA 3,261 129,030
 
    7,393,781
Germany - 0.30%    
Bayerische Motoren Werke AG 1,201 68,101
Henkel AG & Company KGaA 3,820 236,535
Porsche Automobil Holding SE 1,880 123,426
RWE AG 824 50,139
Volkswagen AG 3,781 614,642
 
    1,092,843
Malaysia - 0.00%    
Malaysian Airline System BHD (I) 2,300 661
South Korea - 0.09%    
Hyundai Motor Company, Ltd. -2nd Preferred 560 36,314
LG Electronics, Inc. 780 27,634
Samsung Electronics Company, Ltd. 440 251,311
 
    315,259
TOTAL PREFERRED SECURITIES (Cost $4,751,807) $ 8,802,544

 

216

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
    Shares or  
    Principal  
    Amount Value
   
 
RIGHTS - 0.00%      
B2W Cia Global Do Varejo (Expiration Date:    
04/26/2011, Strike Price: BRL 21.62) (I)   326 $ 224
Porsche Automobil Holding SE (Expiration      
Date: 04/12/2011, Strike Price:      
EUR 38.00) (I)   1,880 16,298
TeliaSonera AB (Expiration Date: 03/25/11,    
Strike Price: SEK 62.00) (I)   10,000 665
TOTAL RIGHTS (Cost $22,037)   $ 17,187
 
WARRANTS - 0.00%      
Golden Agri-Resources, Ltd. (Expiration Date:    
07/23/2012, Strike Price: SGD 0.54) (I)   12,210 1,647
Henderson Land Development Company, Ltd.    
(Expiration Date: 6/1/11: Strike Price:      
HKD 58.00) (I)   4,905 296
IJM Land BHD (Expiration Date: 09/11/2013,    
Strike Price: MYR 1.35) (I)   1,395 659
Kingboard Chemical Holdings, Ltd.      
(Expiration Date: 10/31/2012, Strike Price:    
HKD 40.00) (I)   777 624
Kinross Gold Corp. (Expiration Date: 9/17/14,    
Strike Price: $21.30) (I)   605 1,685
UBI Banca SCPA (Expiration Date: 6/30/11,    
Strike Price: EUR 12.30) (I)   22,878 29
TOTAL WARRANTS (Cost $2,883)   $ 4,940
 
SECURITIES LENDING COLLATERAL - 4.15%    
John Hancock Collateral      
Investment Trust, 0.2867%   1,524,837 15,258,898
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $15,259,140)   $ 15,258,898
 
SHORT-TERM INVESTMENTS - 1.22%    
Money Market Funds* - 1.22%      
AIM Short-Term Investment Trust, STIC      
Prime Portfolio, 0.120% $ 4,467,655 $ 4,467,655
AIM Short-Term Investment Trust, STIC      
Prime Portfolio, 0.130%   459 459
 
      4,468,114
TOTAL SHORT-TERM INVESTMENTS (Cost $4,468,114) $ 4,468,114
Total Investments (International Equity Index Trust B)    
(Cost $305,412,527) - 101.94%   $ 374,462,357
Other assets and liabilities, net - (1.94%)     (7,127,745)
 
TOTAL NET ASSETS - 100.00%   $ 367,334,612
 
 
 
 
International Growth Stock Trust    
    Shares or  
    Principal  
    Amount Value
   
 
COMMON STOCKS - 95.43%      
Australia - 6.15%      
BHP Billiton, Ltd.   67,741 $ 3,246,662
Cochlear, Ltd.   17,553 1,506,814
CSL, Ltd.   42,017 1,552,339
QBE Insurance Group, Ltd.   63,887 1,166,359
WorleyParsons, Ltd.   78,728 2,520,262
 
      9,992,436
Belgium - 1.55%      
Anheuser-Busch InBev NV   44,303 2,527,125

 

International Growth Stock Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Brazil - 2.60%    
Banco Bradesco SA, ADR 132,698 $ 2,753,484
Petroleo Brasileiro SA, SADR 41,263 1,466,487
 
    4,219,971
Canada - 6.30%    
Agrium, Inc. 11,445 1,056,907
Canadian National Railway Company 10,973 827,927
Canadian Natural Resources, Ltd. 32,933 1,628,477
Cenovus Energy, Inc. 41,669 1,646,130
Encana Corp. 31,133 1,076,730
Fairfax Financial Holdings, Ltd.    
(Toronto Exchange) 3,272 1,236,914
Suncor Energy, Inc. 38,421 1,723,100
Talisman Energy, Inc. 42,009 1,038,634
 
    10,234,819
China - 1.53%    
Industrial & Commercial Bank of China, Ltd. 3,006,000 2,492,695
Denmark - 1.72%    
Novo Nordisk A/S 22,237 2,787,219
France - 6.85%    
BNP Paribas 28,432 2,080,570
Cap Gemini SA 33,193 1,929,738
Compagnie Generale des Etablissements    
Michelin, Class B 10,139 856,785
Danone SA 29,439 1,922,942
Eutelsat Communications 25,605 1,022,581
Lafarge SA 12,884 803,527
Publicis Groupe SA 16,647 933,292
Total SA 25,846 1,573,416
 
    11,122,851
Germany - 6.02%    
Adidas AG 30,342 1,916,278
Bayer AG 21,083 1,632,577
Bayerische Motoren Werke (BMW) AG 24,800 2,070,381
Fresenius Medical Care AG 23,651 1,587,957
Puma AG 2,776 815,402
SAP AG 28,540 1,750,995
 
    9,773,590
Hong Kong - 1.76%    
Hutchison Whampoa, Ltd. 167,000 1,973,417
Li & Fung, Ltd. 172,000 883,826
 
    2,857,243
India - 1.80%    
Bharat Heavy Electricals, Ltd. 15,180 700,197
Infosys Technologies, Ltd., ADR 31,089 2,229,081
 
    2,929,278
Ireland - 2.25%    
Ryanair Holdings Plcryanair Holdings PLC 37,752 195,069
Shire PLC 119,311 3,464,367
 
    3,659,436
Israel - 1.75%    
Teva Pharmaceutical Industries, Ltd., SADR 56,653 2,842,281
Japan - 9.21%    
Canon, Inc. 36,000 1,566,723
Denso Corp. 38,400 1,274,152
Fanuc, Ltd. 12,900 1,939,146
Keyence Corp. 5,900 1,495,698
Komatsu, Ltd. 46,600 1,572,520
Nidec Corp. 34,100 2,951,671
Toyota Motor Corp. 47,000 1,879,996

 

217

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Growth Stock Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Yamada Denki Company, Ltd. 34,280 $ 2,282,524
    14,962,430
Mexico - 3.65%    
America Movil SAB de CV, Series L, ADR 51,922 3,016,668
Fomento Economico Mexicano SAB de CV 23,318 1,368,767
Grupo Televisa SA, SADR (I) 63,100 1,547,843
 
    5,933,278
Netherlands - 3.33%    
Koninklijke (Royal) KPN NV 98,493 1,679,576
Koninklijke Ahold NV 116,644 1,564,696
Unilever NV 46,994 1,475,592
Vimpelcom, Ltd., ADR 48,543 685,427
 
    5,405,291
Philippines - 0.55%    
Philippine Long Distance Telephone Company 16,555 886,194
Russia - 1.33%    
Gazprom OAO, SADR (London Exchange) 66,458 2,153,848
Singapore - 2.96%    
Keppel Corp., Ltd. 297,000 2,900,367
United Overseas Bank, Ltd. 128,000 1,908,904
 
    4,809,271
South Korea - 2.75%    
Hyundai Mobis (I) 9,147 2,732,353
NHN Corp. (I) 9,996 1,743,854
 
    4,476,207
Sweden - 3.19%    
Kinnevik Investment AB 37,218 867,700
Swedbank AB, Class A 83,297 1,425,861
Telefonaktiebolaget LM Ericsson, B Shares 107,126 1,377,613
Volvo AB, Series B (I) 86,157 1,513,851
 
    5,185,025
Switzerland - 7.04%    
ABB, Ltd. (I) 43,703 1,052,189
Julius Baer Group, Ltd. 40,314 1,749,941
Nestle SA 48,432 2,779,015
Novartis AG (I) 38,830 2,105,253
Roche Holdings AG 13,558 1,936,644
Syngenta AG (I) 5,600 1,820,473
 
    11,443,515
Taiwan - 2.06%    
Hon Hai Precision Industry Company, Ltd. 342,000 1,198,533
Taiwan Semiconductor    
Manufacturing Company, Ltd. 895,000 2,145,902
 
    3,344,435
Turkey - 0.70%    
Akbank AS 235,874 1,146,212
United Kingdom - 18.38%    
BG Group PLC (I) 99,285 2,466,457
British American Tobacco PLC 51,350 2,063,532
Centrica PLC 407,839 2,127,116
Compass Group PLC 332,902 2,996,291
Imperial Tobacco Group PLC 92,848 2,872,430
Informa PLC 215,001 1,436,806
International Power PLC 382,366 1,889,120
Kingfisher PLC 357,474 1,409,279
Next PLC 45,004 1,429,469
Reckitt Benckiser Group PLC 18,383 944,157
Reed Elsevier PLC 182,422 1,579,747

 

International Growth Stock Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
United Kingdom (continued)      
Royal Dutch Shell PLC, B Shares   59,949 $ 2,175,558
Smith & Nephew PLC   64,809 730,533
Tesco PLC   317,291 1,938,409
Vodafone Group PLC   825,974 2,338,672
WPP PLC   118,414 1,460,135
 
      29,857,711
TOTAL COMMON STOCKS (Cost $143,163,574)   $ 155,042,361
 
SHORT-TERM INVESTMENTS - 4.18%    
Money Market Funds* - 4.18%      
State Street Institutional Liquid Reserves      
Fund, 0.1855% $ 6,786,756 $ 6,786,756
TOTAL SHORT-TERM INVESTMENTS (Cost $6,786,756) $ 6,786,756
Total Investments (International Growth Stock Trust)  
(Cost $149,950,330) - 99.61%     $ 161,829,117
Other assets and liabilities, net - 0.39%     630,257
 
TOTAL NET ASSETS - 100.00%     $ 162,459,374
 
 
 
International Index Trust      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 95.82%      
Australia - 8.47%      
AGL Energy, Ltd.   85,492 $ 1,264,695
Alumina, Ltd.   455,250 1,159,464
Amcor, Ltd.   228,589 1,668,056
AMP, Ltd.   531,487 2,982,304
Asciano Group   545,896 981,894
Australia & New Zealand Banking Group, Ltd. 477,848 11,757,538
Australian Stock Exchange, Ltd.   32,676 1,162,902
Bendigo and Adelaide Bank, Ltd.   68,125 671,550
BHP Billiton, Ltd.   626,545 30,028,786
Billabong International, Ltd.   37,889 295,598
BlueScope Steel, Ltd.   343,699 700,977
Boral, Ltd.   135,140 698,179
Brambles, Ltd.   267,615 1,958,378
Caltex Australia, Ltd.   25,260 407,275
CFS Gandel Retail Trust   395,837 753,062
Coca-Cola Amatil, Ltd.   105,874 1,285,174
Cochlear, Ltd.   10,585 908,655
Commonwealth Bank of Australia   288,963 15,663,637
Computershare, Ltd.   82,928 794,466
Crown, Ltd.   84,593 712,294
CSL, Ltd.   102,233 3,777,048
CSR, Ltd.   94,480 320,256
Dexus Property Group   902,824 793,997
Fortescue Metals Group, Ltd.   232,543 1,536,552
Foster’s Group, Ltd.   360,218 2,129,818
General Property Trust, Ltd.   328,877 1,068,154
Goodman Fielder, Ltd.   258,293 328,467
Goodman Group   1,188,372 841,847
Harvey Norman Holding, Ltd.   99,365 308,065
Incitec Pivot, Ltd.   303,865 1,358,335
James Hardie Industries, Ltd. (I)   81,469 512,981
John Fairfax Holdings, Ltd. (L)   396,071 528,197
Leighton Holdings, Ltd. (L)   25,316 771,370
Lend Lease Corp.   100,242 939,179
MacArthur Coal, Ltd.   33,524 401,867

 

218

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Macquarie Airports, Ltd. 69,427 $ 218,197
Macquarie Group, Ltd. (L) 64,527 2,439,338
Metcash, Ltd. 143,503 617,293
Mirvac Group, Ltd. 637,298 820,735
National Australia Bank, Ltd. 398,798 10,667,185
Newcrest Mining, Ltd. 142,760 5,898,334
NRMA Insurance Group, Ltd. 387,887 1,439,894
OneSteel, Ltd. 249,130 627,644
Orica, Ltd. 67,555 1,840,887
Origin Energy, Ltd. 165,032 2,755,803
Oxiana, Ltd. 604,212 994,991
Paladin Resources, Ltd. (I)(L) 128,557 480,404
Qantas Airways, Ltd. 207,623 467,513
QBE Insurance Group, Ltd. 196,196 3,581,872
QR National, Ltd. (I) 318,665 1,105,359
Ramsay Health Care, Ltd. 24,551 485,448
Rio Tinto, Ltd. 81,296 7,114,007
Santos, Ltd. 155,756 2,493,281
Sims Group, Ltd. 30,515 551,806
Sonic Healthcare, Ltd. 68,844 852,722
SP Ausnet 254,926 231,831
Stockland 444,600 1,706,341
Suncorp-Metway, Ltd. 239,050 2,092,391
TABCORP Holdings, Ltd. 127,780 989,325
Tattersall’s, Ltd. 242,703 586,790
Telstra Corp., Ltd. 812,483 2,368,399
Toll Holdings, Ltd. 124,917 765,502
Transurban Group, Ltd. 241,997 1,345,242
Wesfarmers, Ltd. 187,531 6,156,307
Wesfarmers, Ltd. 28,339 941,842
Westfield Group 409,019 3,948,352
Westfield Retail Trust 538,572 1,458,684
Westpac Banking Corp. 557,774 14,020,983
Woodside Petroleum, Ltd. 116,436 5,630,888
Woolworths, Ltd. 226,202 6,286,022
WorleyParsons, Ltd. 35,849 1,147,608
 
    186,600,237
Austria - 0.33%    
Erste Group Bank AG 35,276 1,780,359
Immoeast AG (I) 77,994 0
Immofinanz AG (I)(L) 185,080 835,807
Oesterreichische Elektrizitaets AG, Class A 12,704 564,142
OMV AG 27,986 1,264,280
Raiffeisen International Bank Holding AG (L) 9,145 507,618
Telekom Austria AG 61,984 907,446
Voestalpine AG 20,500 962,680
Wiener Staedtische Allgemeine    
Versicherung AG 7,188 410,560
 
    7,232,892
Belgium - 0.90%    
Ageas 416,803 1,187,130
Anheuser-Busch InBev NV 134,727 7,685,078
Bekaert SA 7,253 827,693
Belgacom SA 28,380 1,100,236
Colruyt SA 14,071 741,339
Compagnie Nationale A Portefeuille, ADR (I) 5,038 347,292
Delhaize Group SA 18,919 1,541,052
Dexia SA (I) 103,625 403,817
Groupe Bruxelles Lambert SA 15,054 1,407,141
KBC Bancassurance Holding NV 30,049 1,130,393
Mobistar SA 5,040 349,700
Solvay SA 11,062 1,310,354
UCB SA 18,816 715,033

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Belgium (continued)    
Umicore 21,269 $ 1,056,258
 
    19,802,516
Bermuda - 0.08%    
Seadrill, Ltd. 51,689 1,868,010
Cayman Islands - 0.08%    
Sands China, Ltd. (I) 450,400 1,002,477
Wynn Macau, Ltd. 290,400 809,749
 
    1,812,226
China - 0.01%    
Foxconn International Holdings, Ltd. (I) 401,000 240,371
Denmark - 1.03%    
A P Moller Maersk A/S 102 937,365
A P Moller Maersk A/S, Series A (L) 246 2,313,882
Carlsberg A/S 19,957 2,149,264
Coloplast A/S 4,260 616,510
Danske Bank A/S 84,740 1,876,570
DSV A/S, ADR 39,021 963,406
Novo Nordisk A/S 78,102 9,789,421
Novozymes A/S, B Shares 8,603 1,314,544
Pandora A/S 10,926 555,812
TrygVesta A/S 4,772 280,637
Vestas Wind Systems A/S (I) 38,004 1,649,212
William Demant Holdings A/S (I) 4,367 377,688
 
    22,824,311
Finland - 1.05%    
Elisa OYJ, Class A (L) 24,889 547,827
Fortum OYJ (L) 82,866 2,818,319
Kesko OYJ 12,516 585,896
Kone OYJ 29,048 1,671,583
Metra OYJ 29,438 1,149,149
Metso OYJ (L) 23,841 1,281,823
Neste Oil OYJ (L) 23,975 494,126
Nokia OYJ 698,666 5,944,936
Nokian Renkaat OYJ 20,170 859,008
Orion OYJ, Series B (L) 17,388 421,749
Outokumpu OYJ (L) 23,959 414,688
Pohjola Bank OYJ (L) 25,840 352,323
Rautaruukki OYJ (L) 15,750 377,535
Sampo OYJ 78,371 2,500,718
Sanoma OYJ 15,170 343,633
Stora Enso OYJ, Series R 108,534 1,292,773
UPM-Kymmene OYJ 97,006 2,051,499
 
    23,107,585
France - 9.49%    
Accor SA 27,391 1,229,835
Aeroports de Paris 5,553 511,535
Air France KLM 25,271 420,418
Air Liquide SA 52,833 7,029,937
Alcatel-Lucent 432,514 2,495,254
Alstom SA 38,423 2,272,694
Atos Origin SA (I) 8,480 497,765
AXA SA 320,424 6,699,309
BioMerieux SA 2,208 231,590
BNP Paribas 178,824 13,085,815
Bouygues SA 43,127 2,070,810
Bureau Veritas SA 9,183 722,033
Cap Gemini SA 27,608 1,605,043
Carrefour SA (I) 111,782 4,954,631
Casino Guichard Perrachon SA 10,299 974,679
Christian Dior SA 11,866 1,670,654
Cie de Saint-Gobain 74,271 4,547,407

 

219

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
Cie Generale de Geophysique-Veritas (I) 26,836 $ 970,003
CNP Assurances SA 27,794 590,182
Compagnie Generale des Etablissements    
Michelin, Class B 32,936 2,783,219
Credit Agricole SA 179,223 2,942,941
Danone SA 108,790 7,106,112
Dassault Systemes SA 11,046 849,813
Edenred (I) 29,500 889,791
EDF SA 48,288 2,001,413
Eiffage SA 7,573 455,490
Eramet 994 367,252
Essilor International SA 37,724 2,803,205
Eurazeo 5,423 424,207
European Aeronautic Defence &    
Space Company (I) 76,148 2,219,368
Eutelsat Communications 18,528 739,949
Fonciere Des Regions 5,003 533,227
France Telecom SA 345,902 7,759,274
GDF Suez 230,836 9,418,630
Gecina SA 3,514 484,807
Groupe Eurotunnel SA 99,661 1,060,392
ICADE 4,349 536,507
Iliad SA 3,041 364,613
Imerys SA 7,056 518,039
JC Decaux SA (I) 12,425 417,755
Klepierre SA 17,736 720,001
L’Oreal SA 44,716 5,208,100
Lafarge SA 37,408 2,332,999
Lagardere S.C.A (I) 22,018 941,406
Legrand SA, ADR 29,457 1,225,018
LVMH Moet Hennessy Louis Vuitton SA 45,703 7,233,283
M6-Metropole Television 12,031 314,340
Natixis (I) 162,763 922,066
Neopost SA 5,947 520,785
PagesJaunes Groupe SA (L) 23,589 236,568
Pernod-Ricard SA 36,971 3,457,307
Peugeot SA (I) 28,382 1,123,325
PPR 14,168 2,171,390
Publicis Groupe SA 23,241 1,302,976
Renault SA 35,861 1,982,544
Safran SA 31,121 1,101,694
Sanofi-Aventis SA 195,658 13,741,408
Schneider Electric SA 45,350 7,751,411
SCOR SE (I) 31,524 858,271
Societe BIC SA 4,996 443,928
Societe Generale 118,366 7,696,471
Societe Television Francaise 21,964 403,248
Sodexho Alliance 17,589 1,283,728
STMicroelectronics NV 118,884 1,473,412
Suez Environnement SA 50,245 1,039,464
Technip SA 18,359 1,961,081
Thales SA 16,757 669,157
Total SA 394,316 24,004,614
Unibail-Rodamco SE 17,107 3,706,767
Vallourec SA 20,656 2,318,595
Veolia Environnement SA 64,950 2,019,683
Vinci SA 82,388 5,147,162
Vivendi SA 230,685 6,584,206
 
    209,152,006
Germany - 7.83%    
Adidas AG (I) 39,032 2,465,103
Allianz SE 84,681 11,881,499
Axel Springer AG 2,769 447,988
BASF SE 171,354 14,856,813

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
Bayer AG 154,278 $ 11,946,625
Bayerische Motoren Werke (BMW) AG 61,771 5,156,835
Beiersdorf AG 18,805 1,147,912
Brenntag AG (I) 5,285 586,968
Celesio AG (I) 14,321 352,107
Commerzbank AG (I)(L) 157,579 1,228,049
Continental AG (I) 9,328 842,782
Daimler AG (L) 168,355 11,880,627
Deutsche Bank AG 173,409 10,196,691
Deutsche Boerse AG 36,380 2,760,490
Deutsche Lufthansa AG 42,718 905,653
Deutsche Post AG (I) 157,891 2,849,681
Deutsche Telekom AG (I) 528,874 8,171,918
E.ON AG 335,981 10,265,848
Fraport AG, ADR 6,873 503,857
Fresenius AG 20,357 1,883,541
Fresenius Medical Care AG (I) 36,136 2,426,214
GEA Group AG 30,863 1,016,229
Hannover Rueckversicherung AG 11,286 616,024
HeidelbergCement AG 26,235 1,832,543
Henkel AG & Company, KGaA (L) 24,233 1,266,395
Hochtief AG (I) 7,901 850,616
Infineon Technologies AG 202,744 2,078,295
K&S AG 26,782 2,021,763
Kabel Deutschland Holding AG (I) 10,074 534,209
Lanxess AG 15,522 1,161,099
Linde AG (I) 31,543 4,982,098
MAN AG (I) 19,725 2,458,929
Merck KGAA (L) 12,056 1,087,845
Metro AG 24,187 1,653,618
Muenchener Rueckversicherungs - Gesellschaft    
AG (MunichRe) 35,162 5,529,290
Puma AG 988 290,208
Qiagen AG (I) 43,438 867,384
RWE AG 78,119 4,994,171
Salzgitter AG 7,871 621,583
SAP AG 160,194 9,828,273
Siemens AG 153,501 21,027,059
Suedzucker AG 12,400 345,650
ThyssenKrupp AG 62,390 2,557,595
TUI AG (L) 25,879 309,427
United Internet AG 22,451 403,480
Volkswagen AG 5,504 844,212
Wacker Chemie AG 2,927 658,335
 
    172,593,531
Greece - 0.27%    
Alpha Bank A.E. (I) 94,959 613,660
Bank of Cyprus PCL 158,970 577,578
Coca-Cola Hellenic Bottling Company SA 34,222 918,204
EFG Eurobank Ergasias SA 60,460 376,449
Hellenic Telecommunications Organization SA 45,842 511,578
National Bank of Greece SA 178,371 1,585,529
OPAP SA 41,659 891,094
Public Power Corp. SA 21,702 377,859
 
    5,851,951
Hong Kong - 2.63%    
AIA Group, Ltd. (I) 1,460,600 4,503,243
ASM Pacific Technology, Ltd. 36,900 463,293
Bank of East Asia, Ltd. 285,400 1,215,098
BOC Hong Kong Holdings, Ltd. 690,672 2,249,159
Cathay Pacific Airways, Ltd. 220,218 526,230
Cheung Kong Holdings, Ltd. 259,000 4,218,481
Cheung Kong Infrastructure Holdings, Ltd. 83,228 394,014

 

220

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
CLP Holdings, Ltd. 359,000 $ 2,912,363
Esprit Holdings, Ltd. 216,279 988,558
Hang Lung Group, Ltd. 150,000 937,196
Hang Lung Properties, Ltd. 458,674 2,005,080
Hang Seng Bank, Ltd. 142,681 2,303,907
Henderson Land Development Company, Ltd. 202,489 1,402,715
Hong Kong & China Gas Company, Ltd. 803,549 1,925,419
Hong Kong Electric Holdings, Ltd. 258,918 1,725,400
Hong Kong Exchanges & Clearing, Ltd. 191,100 4,142,848
Hopewell Holdings, Ltd. 106,500 318,311
Hutchison Whampoa, Ltd. 398,000 4,703,114
Hysan Development Company, Ltd. 118,000 486,202
Kerry Properties, Ltd. 133,703 672,369
Li & Fung, Ltd. 524,000 2,692,586
Lifestyle International Holdings, Ltd. 110,000 264,135
MTR Corp., Ltd. 269,233 992,167
New World Development Company, Ltd. 475,815 840,190
Noble Group, Ltd. 560,818 950,207
NWS Holdings, Ltd. 245,000 374,108
Orient Overseas International, Ltd. 41,000 429,077
PCCW, Ltd. 748,000 310,933
Shangri-La Asia, Ltd. 264,000 673,200
Sino Land Company, Ltd. 486,316 867,990
SJM Holdings, Ltd. 302,000 531,487
Sun Hung Kai Properties, Ltd. 264,000 4,172,965
Swire Pacific, Ltd. 143,837 2,112,611
The Link REIT 413,747 1,298,567
Wharf Holdings, Ltd. 282,373 1,954,716
Wheelock and Company, Ltd. 171,000 642,485
Wing Hang Bank, Ltd. 33,064 391,594
Yue Yuen Industrial Holdings, Ltd. 138,933 440,476
 
    58,032,494
Ireland - 0.48%    
Bank of Ireland (I) 640,644 199,503
CRH PLC 132,292 3,043,853
Elan Corp. PLC (I) 93,038 641,068
Elan Corp. PLC - Euro Comp Exchange 79 544
Experian PLC 188,346 2,333,013
Kerry Group PLC 26,197 975,260
Ryanair Holdings PLC, SADR (L) 12,022 334,212
Shire PLC 104,887 3,045,546
 
    10,572,999
Israel - 0.72%    
Bank Hapoalim, Ltd. (I) 185,020 961,143
Bank Leumi Le-Israel, Ltd. 219,928 1,124,736
Bezek Israeli Telecommunications Corp., Ltd. 325,568 964,243
Cellcom Israel, Ltd. 9,249 303,541
Delek Group, Ltd. 742 200,941
Elbit Systems, Ltd. 4,382 243,768
Israel Chemicals, Ltd. 82,737 1,359,720
Israel Corp., Ltd. 432 516,754
Israel Discount Bank, Ltd. (I) 142,729 300,628
Makhteshim-Agan Industries, Ltd. 42,840 226,383
Mizrahi Tefahot Bank, Ltd. 22,944 258,814
Nice Systems, Ltd. (I) 11,715 432,673
Partner Communications Company, Ltd. 15,938 302,745
Teva Pharmaceutical Industries, Ltd. 174,633 8,761,200
 
    15,957,289
Italy - 2.71%    
A2A SpA 205,118 332,554
Assicurazioni Generali SpA 217,838 4,718,410
Autogrill SpA (I) 21,413 301,362
Autostrade SpA 55,993 1,283,816

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Italy (continued)    
Banca Carige SpA (L)(I) 105,535 $ 249,970
Banca Intesa SpA 174,467 461,272
Banca Monte dei Paschi di Siena SpA (I)(L) 415,038 518,106
Banche Popolari Unite SpA 113,282 969,410
Banco Popolare Societa Cooperativa 286,783 855,651
Beni Stabili SpA 52 52
BGP Holdings PLC (I) 1,690,087 2
Enel Green Power SpA (I) 326,505 906,275
Enel SpA 1,228,015 7,740,236
Eni SpA 485,713 11,923,023
Exor SpA 11,999 369,250
Fiat Industrial SpA (I) 142,641 2,045,653
Fiat SpA 142,639 1,292,539
Finmeccanica SpA 75,505 951,060
Intesa Sanpaolo SpA 1,436,922 4,254,610
Luxottica Group SpA 21,754 711,308
Mediaset SpA 132,233 841,031
Mediobanca SpA 88,362 904,413
Parmalat SpA (I) 323,298 1,083,924
Pirelli & Company SpA 44,513 391,199
Prysmian SpA 38,058 816,558
Saipem SpA 49,394 2,623,340
Snam Rete Gas SpA 266,474 1,498,493
Telecom Italia SpA 1,750,973 2,696,319
Telecom Italia SpA 1,124,243 1,514,115
Terna Rete Elettrica Nazionale SpA 243,066 1,164,585
UniCredit Italiano SpA 2,516,990 6,224,888
 
    59,643,424
Japan - 19.43%    
ABC-MART, Inc. 4,900 178,198
Advantest Corp. 29,800 536,672
AEON Company, Ltd. 111,900 1,296,845
AEON Credit Service Company, Ltd. 14,600 200,974
Aeon Mall Company, Ltd. 15,200 326,367
Air Water, Inc. 28,000 338,026
Aisin Seiki Company, Ltd. 35,700 1,239,500
Ajinomoto Company, Inc. 124,000 1,279,500
Alfresa Holdings Corp. 7,276 279,476
All Nippon Airways Company, Ltd. 155,000 462,130
Amada Company, Ltd. 67,000 559,005
Aozora Bank, Ltd. (L) 92,000 207,935
Asahi Breweries, Ltd. 72,200 1,200,440
Asahi Glass Company, Ltd. 189,000 2,376,701
Asahi Kasei Corp. (L) 236,000 1,568,880
Asics Corp. 27,000 360,952
Astellas Pharma, Inc. (L) 83,000 3,060,522
Bank of Kyoto, Ltd. 60,000 530,897
Bank of Yokohama, Ltd. 229,000 1,087,461
Benesse Holdings, Inc. 12,900 528,066
Bridgestone Corp. 121,400 2,524,461
Brother Industries, Ltd. 44,100 647,874
Canon Sales Company, Inc. 11,400 140,336
Canon, Inc. 211,500 9,204,496
Casio Computer Company, Ltd. 44,400 351,229
Central Japan Railway Company, Ltd. 281 2,226,244
Chiba Bank, Ltd. 142,000 795,528
Chiyoda Corp. 29,000 265,665
Chubu Electric Power Company, Inc. 121,000 2,691,152
Chugai Pharmaceutical Company, Ltd. 41,700 717,894
Chugoku Bank, Ltd. 32,000 363,164
Chugoku Electric Power Company, Inc. 55,400 1,024,347
Chuo Mitsui Trust Holdings, Inc. (L) 186,000 659,654
Citizen Watch Company, Ltd. 45,900 264,320
Coca-Cola West Japan Company, Ltd. 10,423 196,661

 

221

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Cosmo Oil Company, Ltd. 111,000 $ 345,624
Credit Saison Company, Ltd. 27,800 447,180
Dai Nippon Printing Company, Ltd. 104,000 1,266,554
Daicel Chemical Industries, Ltd. 51,466 317,409
Daido Steel Company, Ltd. 53,000 301,383
Daihatsu Motor Company, Ltd. 36,000 524,549
Daiichi Sankyo Company, Ltd. 125,700 2,426,956
Daikin Industries, Ltd. 43,700 1,308,688
Dainippon Sumitomo Pharma Company, Ltd. 29,700 276,719
Daito Trust Construction Company, Ltd. 14,200 968,058
Daiwa House Industry Company, Ltd. 89,000 1,087,012
Daiwa Securities Group, Inc. 310,000 1,423,660
Dena Company, Ltd. 15,500 559,960
Denki Kagaku Kogyo Kabushiki Kaisha 89,000 438,687
Denso Corp. 90,700 3,009,522
Dentsu, Inc. 31,100 795,298
Dowa Holdings Company, Ltd. 46,466 289,365
East Japan Railway Company (L) 63,400 3,483,871
Eisai Company, Ltd. (L) 47,000 1,686,078
Electric Power Development Company, Ltd. 21,700 668,375
Elpida Memory, Inc. (I)(L) 34,200 440,349
FamilyMart Company, Ltd. 11,900 443,098
Fanuc, Ltd. 35,700 5,366,474
Fast Retailing Company, Ltd. 9,900 1,238,988
Fuji Electric Holdings Company, Ltd. 104,000 323,722
Fuji Heavy Industries, Ltd. 110,000 708,824
Fuji Television Network, Inc. 89 124,544
FUJIFILM Holdings Corp. 86,400 2,675,720
Fujitsu, Ltd. 348,000 1,966,338
Fukuoka Financial Group, Inc. 144,000 598,990
Furukawa Electric Company, Ltd. (L) 118,638 479,230
Gree, Inc. 17,000 285,105
GS Yuasa Corp. (L) 70,000 465,376
Gunma Bank 74,000 392,330
Hakuhodo DY Holdings, Inc. 4,350 226,768
Hamamatsu Photonics KK 12,500 495,161
Hankyu Hanshin Holdings, Inc. 213,000 983,313
Hino Motors, Ltd. 48,000 234,864
Hirose Electric Company, Ltd. 6,000 640,591
Hisamitsu Pharmaceutical Company, Inc. 12,500 504,178
Hitachi Chemical, Ltd. 19,400 394,390
Hitachi Construction    
Machinery Company, Ltd. 18,100 453,262
Hitachi High-Technologies Corp. 12,900 257,287
Hitachi Metals, Ltd. 30,000 377,975
Hitachi, Ltd. 843,000 4,347,325
Hokkaido Electric Power Company, Inc. 34,200 663,195
Hokuhoku Financial Group, Inc. 234,000 455,735
Hokuriku Electric Power Company 32,900 740,912
Honda Motor Company, Ltd. 304,100 11,383,437
Hoya Corp. (L) 81,100 1,850,539
Ibiden Company, Ltd. 24,000 752,847
Idemitsu Kosan Company, Ltd. 4,100 480,091
Inpex Corp. 409 3,076,765
Isetan Mitsukoshi Holdings, Ltd. (L) 69,900 629,419
Ishikawajima-Harima Heavy    
Industries Company, Ltd. 246,000 591,590
Isuzu Motors, Ltd. 222,000 878,072
ITO EN, Ltd. 10,294 177,995
Itochu Corp. 280,900 2,941,379
Itochu Techno-Science Corp. 5,400 172,335
Iyo Bank, Ltd. 45,000 374,910
J Front Retailing Company, Ltd. 90,000 374,369
Japan Petroleum Exploration Company, Ltd. 5,300 265,064
Japan Prime Realty Investment Corp. 127 339,970

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Japan Real Estate Investment Corp. 91 $ 856,045
Japan Retail Fund Investment Corp. 301 471,149
Japan Tobacco, Inc. 840 3,006,299
JFE Holdings, Inc. 85,900 2,513,592
JGC Corp. 38,000 883,344
Joyo Bank, Ltd. 123,000 477,978
JS Group Corp. 46,700 1,212,695
JSR Corp. 33,400 660,770
Jupiter Telecommunications Company, Ltd. 455 444,714
JX Holdings, Inc. 419,000 2,820,870
Kajima Corp. 158,000 441,737
Kamigumi Company, Ltd. 46,000 393,195
Kaneka Corp. 55,171 384,035
Kansai Electric Power Company, Ltd. (L) 140,100 3,032,556
Kansai Paint Company, Ltd. 40,000 343,359
Kao Corp. (L) 100,800 2,514,547
Kawasaki Heavy Industries, Ltd. 265,000 1,166,025
Kawasaki Kisen Kaisha, Ltd. 129,000 476,112
KDDI Corp. 544 3,338,747
Keihin Electric Express    
Railway Company, Ltd. (L) 87,000 620,174
Keio Corp. 108,000 645,299
Keisei Electric Railway Company, Ltd. 51,000 292,462
Keyence Corp. 7,800 1,977,364
Kikkoman Corp. 29,000 273,335
Kinden Corp. 25,409 231,241
Kintetsu Corp. (L) 303,000 970,133
Kirin Holdings Company, Ltd. 157,000 2,063,008
Kobe Steel Company, Ltd. 464,000 1,188,703
Koito Manufacturing Company, Ltd. 18,000 288,459
Komatsu, Ltd. 177,100 5,976,251
Konami Corp. 17,400 317,164
Konica Minolta Holdings, Inc. 89,500 749,958
Koyo Seiko Company, Ltd. 41,600 535,306
Kubota Corp. 216,000 2,015,532
Kuraray Company, Ltd. 64,400 829,969
Kurita Water Industries, Ltd. 21,000 620,810
Kyocera Corp. 30,300 3,070,798
Kyowa Hakko Kogyo Company, Ltd. 48,000 450,108
Kyushu Electric Power Company, Inc. 70,800 1,383,145
Lawson, Inc. 11,200 539,937
Mabuchi Motor Company, Ltd. 4,700 221,606
Makita Corp. 20,900 972,385
Marubeni Corp. 308,000 2,217,985
Marui Company, Ltd. 41,700 269,210
Maruichi Steel Tube, Ltd. 8,700 214,937
Matsui Securities Company, Ltd. 22,800 123,895
Matsushita Electric Industrial Company, Ltd. 366,100 4,656,574
Mazda Motor Corp. (I) 282,000 620,414
McDonald’s Holdings Company, Ltd. 12,400 297,488
Mediceo Holdings Company, Ltd. 27,410 242,531
MEIJI Holdings Company, Ltd. 12,900 518,761
Minebea Company, Ltd. 63,000 347,644
Miraca Holdings, Inc. 10,400 398,221
Mitsubishi Chemical Holdings Corp. 238,500 1,499,585
Mitsubishi Corp. (L) 253,300 7,031,374
Mitsubishi Electric Corp. 360,000 4,199,629
Mitsubishi Estate Company, Ltd. 221,000 3,738,242
Mitsubishi Gas & Chemicals Company, Inc. 72,171 510,887
Mitsubishi Heavy Industries, Ltd. 567,000 2,576,922
Mitsubishi Logistics Corp. 22,057 246,610
Mitsubishi Materials Corp. (L) 208,000 705,170
Mitsubishi Motors Corp. (I) 723,000 886,583
Mitsubishi UFJ Financial Group (L) 2,376,000 10,968,791

 

222

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Mitsubishi UFJ Lease &    
Finance Company, Ltd. 10,890 $ 436,621
Mitsui & Company, Ltd. (L) 324,200 5,811,279
Mitsui Chemicals, Inc. 162,000 572,590
Mitsui Engineering &    
Shipbuilding Company, Ltd. 132,000 315,797
Mitsui Fudosan Company, Ltd. 156,000 2,532,774
Mitsui Mining & Smelting Company, Ltd. 107,000 371,760
Mitsui O.S.K. Lines, Ltd. 214,000 1,232,340
Mitsui Sumitomo Insurance Group Holdings 100,500 2,288,375
Mitsumi Electric Company, Ltd. 14,800 196,966
Mizuho Financial Group, Inc. (L) 3,818,700 6,335,424
Mizuho Trust & Banking Company, Ltd. (L) 282,000 254,268
Murata Manufacturing Company, Ltd. 37,800 2,722,073
Nabtesco Corp. 17,800 444,235
Namco Bandai Holdings, Inc. 35,100 382,733
NEC Corp. (I) 486,000 1,057,538
NGK INSULATORS, Ltd. 47,000 840,214
NGK Spark Plug Company, Ltd. 30,000 409,714
NHK Spring Company, Ltd. 27,000 267,468
Nidec Corp. (L) 20,300 1,757,153
Nikon Corp. 59,800 1,232,953
Nintendo Company, Ltd. 18,500 4,997,535
Nippon Building Fund, Inc. 102 989,408
Nippon Electric Glass Company, Ltd. 65,000 920,534
Nippon Express Company, Ltd. 158,000 605,939
Nippon Meat Packers, Inc. 33,762 425,779
Nippon Paper Group, Inc. 18,500 389,988
Nippon Sheet Glass Company, Ltd. 169,000 487,617
Nippon Steel Corp. 953,000 3,047,584
Nippon Telegraph & Telephone Corp. 89,200 4,001,677
Nippon Yusen Kabushiki Kaisha 286,000 1,117,456
Nishi-Nippon City Bank, Ltd. 127,000 364,907
Nissan Chemical Industries, Ltd. 26,000 268,815
Nissan Motor Company, Ltd. 463,900 4,115,872
Nisshin Seifun Group, Inc. 35,500 409,287
Nisshin Steel Company 130,000 279,755
Nisshinbo Holdings, Inc. 23,409 227,111
Nissin Food Products Company, Ltd. 12,100 425,717
Nitori Company, Ltd. 6,900 602,406
Nitto Denko Corp. 30,800 1,612,183
NKSJ Holdings, Inc. (L) 263,000 1,690,680
NOK Corp. 19,300 338,850
Nomura Holdings, Inc. (L) 659,100 3,446,844
Nomura Real Estate Holdings, Inc. 17,800 269,846
Nomura Real Estate Office Fund, Inc. 51 345,191
Nomura Research Institute, Ltd. 18,900 417,172
NSK, Ltd. 82,285 709,285
NTN Corp. 89,000 426,918
NTT Data Corp. 236 729,449
NTT DoCoMo, Inc. (L) 2,860 4,977,510
NTT Urban Development Corp. 215 180,157
Obayashi Corp. 121,000 537,485
OBIC Company, Ltd. 1,300 243,395
Odakyu Electric Railway Company, Ltd. (L) 117,000 986,018
Oji Paper Company, Ltd. 159,000 755,049
Olympus Corp. 40,500 1,126,677
Omron Corp. 37,900 1,065,283
Ono Pharmaceutical Company, Ltd. 15,800 773,056
Oracle Corp. 7,100 294,092
Oriental Land Company, Ltd. 9,300 739,036
ORIX Corp. (L) 19,530 1,829,030
Osaka Gas Company, Ltd. (L) 362,000 1,435,277
Otsuka Corp. 2,900 186,523
Otsuka Holdings Company, Ltd. 46,800 1,155,142

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Rakuten, Inc. 1,351 $ 1,204,552
Resona Holdings, Inc. 343,100 1,633,417
Ricoh Company, Ltd. (L) 125,000 1,466,699
Rinnai Corp. 6,600 437,990
Rohm Company, Ltd. 18,300 1,136,309
Sankyo Company, Ltd. 10,000 512,743
Santen Pharmaceutical Company, Ltd. 13,800 546,464
Sapporo Hokuyo Holdings, Inc. 59,600 286,607
Sapporo Holdings, Ltd. 48,000 178,889
SBI Holdings, Inc. 3,731 469,627
Secom Company, Ltd. 39,200 1,810,685
Sega Sammy Holdings, Inc. 37,000 633,251
Seiko Epson Corp. 24,322 386,789
Sekisui Chemical Company, Ltd. 81,000 633,938
Sekisui House, Ltd. 107,000 996,063
Senshu Ikeda Holdings, Inc. 122,400 164,185
Seven & I Holdings Company, Ltd. 140,500 3,584,287
Seven Bank, Ltd. 114 228,562
Sharp Corp. (L) 187,000 1,835,776
Shikoku Electric Power Company, Inc. 32,600 886,918
Shimadzu Corp. 47,000 417,564
Shimamura Company, Ltd. 4,100 361,301
Shimano, Inc. 12,400 619,404
Shimizu Corp. (L) 110,000 489,300
Shin-Etsu Chemical Company, Ltd. 76,600 3,807,899
Shinko Electric Industries Company, Ltd. 12,600 129,060
Shinko Securities Company, Ltd. (I) 106,000 281,630
Shinsei Bank, Ltd. 173,000 201,844
Shionogi & Company, Ltd. 55,700 950,208
Shiseido Company, Ltd. 63,400 1,097,572
Shizuoka Bank, Ltd. 112,000 926,377
Showa Denko KK 265,161 532,362
Showa Shell Sekiyu KK 35,255 367,893
SMC Corp. 10,000 1,629,212
Softbank Corp. 151,400 5,986,207
Sojitz Holdings Corp. 234,100 459,774
Sony Corp. 187,500 5,946,728
Sony Financial Holdings, Inc. 32,400 636,444
Square Enix Company, Ltd. 12,000 205,809
Stanley Electric Company, Ltd. 27,100 445,247
Sumco Corp. 21,700 437,496
Sumitomo Chemical Company, Ltd. (L) 294,000 1,466,819
Sumitomo Corp. 210,000 3,001,803
Sumitomo Electric Industries, Ltd. 140,700 1,946,931
Sumitomo Heavy Industries, Ltd. 102,990 672,320
Sumitomo Metal Industries, Ltd. 627,000 1,402,044
Sumitomo Metal Mining Company, Ltd. 97,000 1,668,755
Sumitomo Mitsui Financial Group (L) 250,600 7,790,955
Sumitomo Realty &    
Development Company, Ltd. 67,000 1,340,322
Sumitomo Rubber Industries, Inc. 32,000 323,370
Suruga Bank, Ltd. 38,000 337,148
Suzuken Company, Ltd. 12,300 324,431
Suzuki Motor Corp. 62,800 1,403,525
Sysmex Corp. 12,600 442,849
T&D Holdings, Inc. 50,850 1,253,216
Taisei Corp. 191,000 470,726
Taisho Pharmaceuticals Company, Ltd. 26,000 562,635
Taiyo Nippon Sanso Corp. 49,000 403,821
Takashimaya Company, Ltd. 48,819 309,113
Takeda Pharmaceutical Company, Ltd. (L) 139,900 6,525,751
Tanabe Seiyaku Company, Ltd. 41,900 680,031
TDK Corp. 23,000 1,359,041
Teijin, Ltd. 175,000 782,640
Terumo Corp. 31,500 1,660,585

 

223

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
The 77th Bank, Ltd. 65,000 $ 326,641
The Dai-ichi Life Insurance Company, Ltd. 1,493 2,252,603
The Hachijuni Bank, Ltd. 80,000 460,688
The Hiroshima Bank, Ltd. 93,000 403,619
The Japan Steel Works, Ltd. 59,000 453,982
The Sumitomo Trust &    
Banking Company, Ltd. 266,000 1,378,288
The Tokyo Electric Power Company, Inc. 269,900 1,512,063
THK Company, Ltd. 22,500 560,421
Tobu Railway Company, Ltd. (L) 152,000 621,303
Toho Company, Ltd. 19,333 277,281
Toho Gas Company, Ltd. 78,000 399,165
Tohoku Electric Power Company, Inc. (L) 79,700 1,338,264
Tokio Marine Holdings, Inc. 135,100 3,612,195
Tokuyama Corp. 59,000 314,931
Tokyo Electron, Ltd. 32,000 1,763,886
Tokyo Gas Company, Ltd. (L) 475,000 2,154,831
Tokyo Steel Manufacturing Company, Ltd. 19,000 221,796
Tokyo Tatemono Company, Ltd. 73,000 272,938
Tokyu Corp. 212,000 870,450
Tokyu Land Corp. 84,000 365,569
TonenGeneral Sekiyu KK 53,000 654,376
Toppan Printing Company, Ltd. 104,000 820,197
Toray Industries, Inc. 274,000 1,964,966
Toshiba Corp. 751,000 3,674,645
Tosoh Corp. 95,228 342,308
Toto, Ltd. 52,000 413,849
Toyo Seikan Kaisha, Ltd. 28,400 465,708
Toyo Suisan Kaisha, Ltd. 18,000 390,815
Toyoda Gosei Company, Ltd. 12,134 249,935
Toyota Boshoku Corp. 12,400 176,315
Toyota Industries Corp. 33,400 1,000,996
Toyota Motor Corp. 514,600 20,583,958
Toyota Tsusho Corp. 39,800 656,475
Trend Micro, Inc. 18,400 485,823
Tsumura & Company, Ltd. 11,200 351,431
Ube Industries, Ltd. 179,000 570,269
Unicharm Corp. 23,200 838,652
UNY Company, Ltd. 35,300 326,750
Ushio, Inc. 19,500 381,420
USS Company, Ltd. 4,093 318,366
West Japan Railway Company, Ltd. 317 1,213,099
Yahoo! Japan Corp. 2,711 969,937
Yakult Honsha Company, Ltd. 18,057 461,519
Yamada Denki Company, Ltd. 15,330 1,020,744
Yamaguchi Financial Group, Inc. 39,000 361,024
Yamaha Corp. 29,600 333,092
Yamaha Motor Company, Ltd. 48,900 845,127
Yamato Kogyo Company, Ltd. 7,900 263,080
Yamato Transport Company, Ltd. 74,200 1,150,733
Yamazaki Baking Company, Ltd. 23,000 267,937
Yaskawa Electric Corp. 42,000 497,860
Yokogawa Electric Corp. 40,214 306,512
 
    428,252,270
Luxembourg - 0.49%    
ArcelorMittal 160,164 5,803,294
Millicom International Cellular SA 14,189 1,357,258
SES SA 55,909 1,439,866
Tenaris SA 88,098 2,171,828
 
    10,772,246
Mauritius - 0.02%    
Essar Energy PLC (I) 60,984 461,923

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Netherlands - 2.59%    
Aegon NV 290,964 $ 2,179,950
Akzo Nobel NV 43,221 2,973,419
ASML Holding NV 80,460 3,548,834
Corio NV 11,037 773,051
Delta Lloyd NV 14,041 373,439
Fugro NV 12,730 1,121,340
Heineken Holding NV 21,492 1,034,177
Heineken NV 48,356 2,642,223
ING Groep NV 714,648 9,070,478
Koninklijke (Royal) KPN NV 293,383 5,002,985
Koninklijke Ahold NV 222,362 2,982,827
Koninklijke Boskalis Westinster NV 13,226 699,312
Koninklijke DSM NV 28,771 1,766,767
Koninklijke Philips Electronics NV (L) 183,967 5,875,988
Koninklijke Vopak NV 13,155 633,682
Randstad Holdings NV 20,642 1,148,778
Reed Elsevier NV 128,291 1,652,738
SBM Offshore NV 31,272 909,827
TNT NV 70,212 1,803,695
Unilever NV 303,909 9,542,618
Wolters Kluwer NV 55,719 1,304,477
 
    57,040,605
New Zealand - 0.10%    
Auckland International Airport, Ltd. 171,572 289,929
Contact Energy, Ltd. (I) 57,970 257,426
Fletcher Building, Ltd. 114,039 812,631
Sky City Entertainment Group, Ltd. 107,585 277,377
Telecom Corp. of New Zealand, Ltd. 359,246 552,353
 
    2,189,716
Norway - 0.76%    
Aker Solutions ASA 30,760 706,198
DnB NOR ASA 182,319 2,797,532
Norsk Hydro ASA 166,354 1,363,515
Orkla ASA 143,975 1,396,963
Renewable Energy Corp. ASA (I)(L) 93,014 326,136
Statoil ASA 208,210 5,778,441
Telenor ASA 154,653 2,545,098
Yara International ASA 35,359 1,791,470
 
    16,705,353
Philippines - 0.03%    
Ascendas Real Estate Investment Trust 280,000 631,211
Portugal - 0.25%    
Banco Comercial Portugues SA (L) 527,018 430,285
Banco Espirito Santo SA 98,225 402,440
Brisa Auto Estrada SA 33,577 227,110
Cimpor-Cimentos de Portugal SA 37,608 272,609
Electricidade de Portugal SA 356,056 1,387,773
Galp Energia SGPS SA 43,160 924,669
Jeronimo Martins SGPS SA 41,205 662,779
Portugal Telecom SGPS SA 108,713 1,257,204
 
    5,564,869
Singapore - 1.55%    
Capitaland, Ltd. 477,000 1,249,975
CapitaMall Trust 415,000 618,215
CapitaMalls Asia, Ltd. 254,000 358,891
City Developments, Ltd. 102,000 933,882
ComfortDelGro Corp., Ltd. 352,000 435,824
Cosco Corp. Singapore, Ltd. 189,000 306,526
DBS Group Holdings, Ltd. 323,000 3,755,635
Fraser and Neave, Ltd. 184,000 877,987
Genting Singapore PLC (I) 1,136,000 1,843,726
Global Logistic Properties, Ltd. (I) 296,000 439,466

 

224

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Singapore (continued)    
Golden Agri-Resources, Ltd. 1,248,520 $ 681,836
Jardine Cycle and Carriage, Ltd. 20,000 579,277
Keppel Corp., Ltd. 240,000 2,343,731
Keppel Land, Ltd. 136,000 483,541
Neptune Orient Lines, Ltd. 170,000 261,024
Olam International, Ltd. 238,000 527,582
Oversea-Chinese Banking Corp., Ltd. 467,000 3,551,560
SembCorp Industries, Ltd. 184,000 761,076
SembCorp Marine, Ltd. 155,000 718,691
Singapore Airlines, Ltd. 100,000 1,083,325
Singapore Exchange, Ltd. 160,000 997,004
Singapore Press Holdings, Ltd. 286,000 894,414
Singapore Technologies Engineering, Ltd. 311,000 803,320
Singapore Telecommunications, Ltd. 1,487,000 3,564,493
StarHub, Ltd. 112,000 239,946
United Overseas Bank, Ltd. 230,000 3,430,062
UOL Group, Ltd. 87,000 327,325
Wilmar International, Ltd. 357,000 1,549,153
Yangzijiang Shipbuilding Holdings, Ltd. (I) 358,000 514,481
 
    34,131,968
Spain - 3.47%    
Abertis Infraestructuras SA 55,149 1,197,802
Acciona SA 4,756 516,757
Acerinox SA 18,606 367,143
ACS Actividades de Construccion    
y Servicios SA 26,416 1,239,273
Amadeus IT Holding SA, A Shares (I) 37,574 719,102
Banco Bilbao Vizcaya Argentaria SA (L) 795,946 9,663,187
Banco de Sabadell SA (L) 207,459 908,693
Banco de Valencia SA (I)(L) 40,654 182,013
Banco Popular Espanol SA (L) 166,779 980,554
Banco Santander SA 1,553,907 18,110,259
Bankinter SA (L) 53,153 364,698
Criteria Caixacorp SA 156,849 1,107,430
EDP Renovaveis SA (I) 40,686 292,474
Enagas SA 33,501 755,603
Ferrovial SA (I) 82,101 1,029,828
Fomento de Construcciones SA 9,522 315,633
Gas Natural SDG SA 60,187 1,130,232
Gestevision Telecinco SA 31,318 358,320
Grifols SA (L) 25,904 452,094
Iberdrola Renovables SA 158,073 682,060
Iberdrola SA 753,044 6,549,757
Inditex SA 40,701 3,267,353
Indra Sistemas SA 16,886 338,794
Mapfre SA 140,936 531,350
Red Electrica De Espana 20,190 1,146,812
Repsol YPF SA 136,661 4,689,536
Telefonica SA 766,323 19,186,222
Zardoya Otis SA 26,156 434,205
 
    76,517,184
Sweden - 3.06%    
Alfa Laval AB 62,992 1,367,128
Assa Abloy AB, Series B 58,220 1,673,782
Atlas Copco AB, Series A 125,280 3,330,615
Atlas Copco AB, Series B 72,799 1,760,237
Boliden AB 51,028 1,096,791
Electrolux AB (L) 44,755 1,154,900
Getinge AB, Series B 37,338 922,716
Hennes & Mauritz AB, B Shares 190,754 6,340,712
Hexagon AB 47,332 1,129,308
Holmen AB, Series B (L) 9,882 341,624
Husqvarna AB, B Shares 78,266 671,934

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Sweden (continued)    
Industrivarden AB, C Shares 21,997 $ 391,052
Investor AB, B Shares (L) 84,978 2,063,009
Kinnevik Investment AB 40,500 944,217
Modern Times Group AB, B Shares 9,447 718,302
Nordea Bank AB (L) 490,223 5,367,896
Ratos AB 19,043 752,863
Sandvik AB 188,118 3,556,522
Scania AB, Series B 59,700 1,386,406
Securitas AB, Series B 58,576 697,526
Skandinaviska Enskilda Banken    
AB, Series A (L) 263,150 2,347,999
Skanska AB, Series B (L) 74,510 1,568,598
SKF AB, B Shares 72,745 2,118,612
SSAB AB, Series A (L) 33,785 534,640
Svenska Cellulosa AB (L) 106,981 1,721,184
Svenska Handelsbanken AB, Series A (L) 91,298 2,996,690
Swedbank AB, Class A (L) 133,246 2,280,877
Swedish Match AB 43,094 1,432,381
Tele2 AB, Series B 59,147 1,369,350
Telefonaktiebolaget LM Ericsson, B Shares 561,851 7,225,258
Teliasonera AB (L) 418,875 3,622,781
Volvo AB, Series B (L) 257,131 4,518,009
 
    67,403,919
Switzerland - 7.55%    
ABB, Ltd. (I) 408,818 9,842,662
Actelion, Ltd. (I) 19,024 1,094,025
Adecco SA 22,951 1,511,563
Aryzta AG 15,804 808,411
Baloise Holding AG 9,329 924,385
Compagnie Financiere Richemont SA 97,387 5,623,592
Credit Suisse Group AG (I) 210,152 8,930,450
GAM Holding, Ltd. (I) 38,552 732,517
Geberit AG 7,264 1,583,378
Givaudan AG 1,551 1,561,629
Holcim, Ltd. (I) 45,766 3,446,535
Julius Baer Group, Ltd. (I) 38,549 1,673,326
Kuehne & Nagel International AG 10,074 1,409,364
Lindt & Spruengli AG 167 482,071
Lindt & Spruengli AG - REG 21 682,536
Logitech International SA (I)(L) 34,055 613,974
Lonza Group AG (I) 8,886 744,450
Nestle SA 646,440 37,092,552
Novartis AG 393,666 21,343,459
Pargesa Holding SA, ADR 5,054 483,937
Roche Holdings AG 131,072 18,722,514
Schindler Holding AG 9,070 1,089,637
Schindler Holding AG - REG 4,027 486,463
SGS SA 1,021 1,819,312
Sika AG 381 917,311
Sonova Holding AG 8,555 762,430
Straumann Holding AG 1,462 375,884
Swatch Group AG 8,123 645,625
Swiss Life Holding (I) 5,686 939,808
Swiss Reinsurance Company, Ltd. (I) 65,701 3,760,531
Swisscom AG 4,348 1,938,611
Syngenta AG (I) 17,648 5,737,092
Synthes AG 11,074 1,498,604
The Swatch Group AG, BR Shares 5,753 2,542,548
Transocean, Ltd. (I) 60,900 4,780,989
UBS AG (Swiss Exchange) (I) 678,950 12,187,014
Zurich Financial Services AG (I) 27,171 7,607,286
 
    166,396,475

 

225

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom - 20.38%    
3i Group PLC 181,074 $ 869,376
Acergy SA 52,502 1,325,280
Admiral Group PLC 37,652 939,390
Aggreko PLC 48,580 1,228,219
AMEC PLC 61,771 1,180,885
Anglo American PLC 246,241 12,660,906
Antofagasta PLC (I) 73,568 1,604,419
ARM Holdings PLC (I) 246,702 2,299,420
Associated British Foods PLC (I) 66,465 1,058,640
AstraZeneca PLC 263,833 12,129,692
Autonomy Corp. PLC (I) 40,746 1,039,889
Aviva PLC (I) 526,087 3,653,671
Babcock International Group PLC 67,046 667,575
BAE Systems PLC (I) 635,946 3,318,422
Balfour Beatty PLC 128,350 707,685
Barclays PLC 2,158,895 9,684,914
BG Group PLC 631,633 15,691,146
BHP Billiton PLC (I) 410,760 16,282,549
BP PLC 3,506,038 25,534,700
British American Tobacco PLC 372,523 14,970,071
British Land Company PLC (I) 165,071 1,465,123
British Sky Broadcasting Group PLC (I) 212,558 2,813,503
BT Group PLC 1,447,636 4,324,137
Bunzl PLC 61,555 735,200
Burberry Group PLC 81,267 1,530,732
Cable & Wireless Worldwide 495,126 416,520
Cairn Energy PLC (I) 261,092 1,937,837
Capita Group PLC 114,308 1,363,723
Capital Shopping Centres Group PLC 104,158 640,339
Carnival PLC 34,001 1,339,200
Centrica PLC 961,514 5,014,852
Cobham PLC 215,958 798,581
Compass Group PLC (I) 352,308 3,170,955
Diageo PLC 466,866 8,885,571
Eurasian Natural Resources Corp. 48,049 721,481
FirstGroup PLC (I) 89,998 471,245
Fresnillo PLC 33,450 829,692
G4S PLC 263,161 1,078,263
GlaxoSmithKline PLC 969,211 18,494,435
Hammerson PLC (I) 131,862 946,587
Home Retail Group PLC 152,977 473,878
HSBC Holdings PLC 3,299,530 33,929,940
ICAP PLC 104,758 887,456
Imperial Tobacco Group PLC (I) 189,990 5,877,703
Inmarsat PLC 81,635 791,213
Intercontinental Hotels Group PLC 53,913 1,106,499
International Consolidated    
Airlines Group SA (I) 92,660 340,693
International Consolidated Airlines    
Group SA - DI 97,697 355,663
International Power PLC 285,078 1,408,458
Intertek Group PLC 29,831 974,380
Invensys PLC 151,192 838,675
Investec PLC 90,449 693,291
ITV PLC 689,287 856,195
J Sainsbury PLC 226,270 1,216,673
Johnson Matthey PLC 40,052 1,194,809
Kazakhmys PLC 39,943 895,336
Kingfisher PLC 440,657 1,737,213
Land Securities Group PLC 142,911 1,683,357
Legal & General Group PLC 1,094,486 2,026,257
Lloyds Banking Group PLC 7,620,005 7,103,797
London Stock Exchange Group PLC 27,901 373,221
Lonmin PLC, ADR 30,193 824,064
Man Group PLC 332,563 1,314,281

 

International Index Trust (continued)  
 Shares or  
Principal   
Amount  Value
COMMON STOCKS (continued)    
United Kingdom (continued)    
Marks & Spencer Group PLC 295,425 $ 1,595,254
National Grid PLC 652,189 6,229,624
Next PLC 34,200 1,086,300
Old Mutual PLC 1,018,160 2,221,417
Pearson PLC (I) 151,595 2,685,713
Petrofac, Ltd. 48,374 1,156,730
Prudential PLC 475,037 5,386,258
Randgold Resources, Ltd. 16,995 1,374,866
Reckitt Benckiser Group PLC 115,053 5,909,162
Reed Elsevier PLC 226,612 1,962,426
Resolution, Ltd. 271,007 1,287,928
Rexam PLC 163,588 952,985
Rio Tinto PLC (I) 270,501 19,086,016
Rolls-Royce Group PLC (I) 349,206 3,467,613
Royal Bank of Scotland Group PLC (I) 3,244,509 2,127,113
Royal Dutch Shell PLC 661,481 23,997,611
Royal Dutch Shell PLC, B Shares 502,944 18,251,908
RSA Insurance Group PLC (I) 651,091 1,373,357
SABMiller PLC 177,488 6,289,659
Sage Group PLC (I) 245,821 1,097,970
Schroders PLC (I) 21,147 589,285
Scottish & Southern Energy PLC 173,805 3,515,893
Segro PLC 138,343 714,470
Serco Group PLC 92,216 826,236
Severn Trent PLC 44,233 1,037,908
Smith & Nephew PLC 165,847 1,869,443
Smiths Group PLC 73,002 1,520,703
Standard Chartered PLC (I) 437,504 11,348,447
Standard Life PLC 425,924 1,413,223
Tesco PLC (I) 1,497,741 9,150,071
The Weir Group PLC (I) 39,320 1,091,932
Thomas Cook Group PLC 160,587 439,122
TUI Travel PLC 104,590 380,807
Tullow Oil PLC (I) 165,675 3,852,904
Unilever PLC 239,445 7,302,450
United Utilities Group PLC 127,151 1,207,776
Vedanta Resources PLC 22,247 848,519
Vodafone Group PLC 9,739,118 27,575,451
Whitbread PLC 32,958 873,378
William Morrison Supermarket PLC (I) 396,644 1,756,177
Wolseley PLC 53,082 1,789,789
WPP PLC 235,365 2,902,229
Xstrata PLC 387,171 9,040,106
 
    449,314,106
United States - 0.06%    
Thomson Reuters Corp. 32,567 1,277,929
TOTAL COMMON STOCKS (Cost $1,653,797,432) $ 2,111,951,616
 
PREFERRED SECURITIES - 0.44%    
Germany - 0.44%    
Bayerische Motoren Werke AG 9,763 553,599
Henkel AG & Company KGaA 33,240 2,058,223
Porsche Automobil Holding SE (L) 16,325 1,071,772
ProSiebenSat.1 Media AG 14,338 420,444
RWE AG 7,297 444,011
Volkswagen AG 31,742 5,160,006
 
    9,708,055
TOTAL PREFERRED SECURITIES (Cost $5,574,784) $ 9,708,055
 
RIGHTS - 0.01%    
Origin Energy Ltd. (Expiration Date:    
04/13/2011, Strike Price: AUD 13.00) (I) 33,006 109,247

 

226

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
RIGHTS (continued)      
Porsche Automobil Holding SE (Expiration      
Date: 04/12/2011, Strike Price:      
EUR 38.00) (I)   16,325 $ 141,522
TOTAL RIGHTS (Cost $140,472)     $ 250,769
 
WARRANTS - 0.00%      
Henderson Land Development Company, Ltd.    
(Expiration Date: 6/1/11: Strike Price:      
HKD 58.00) (I)   40,097 2,423
UBI Banca SCPA (Expiration Date: 6/30/11,    
Strike Price: EUR 12.30) (I)   10,484 13
TOTAL WARRANTS (Cost $0)     $ 2,436
 
SECURITIES LENDING COLLATERAL - 6.98%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   15,376,241 153,868,506
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $153,868,434)     $ 153,868,506
 
SHORT-TERM INVESTMENTS - 0.60%    
Repurchase Agreement - 0.60%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2010 at 0.010% to be      
repurchased at $13,300,004 on 04/01/2010,    
collateralized by $13,425,000 U.S. Treasury    
Notes, 4.500% due 08/15/2039 (valued at    
$13,567,312, including interest). $ 13,300,000 $ 13,300,000
TOTAL SHORT-TERM INVESTMENTS (Cost $13,300,000) $ 13,300,000
 
INVESTMENT COMPANIES - 2.48%      
United States - 2.48%      
iShares MSCI EAFE Index Fund   908,310 $ 54,580,348
TOTAL INVESTMENT COMPANIES (Cost $54,923,951) $ 54,580,348
Total Investments (International Index Trust)    
(Cost $1,881,605,073) - 106.33%     $ 2,343,661,730
Other assets and liabilities, net - (6.33%)     (139,447,894)
TOTAL NET ASSETS - 100.00%     $ 2,204,213,836

 

International Opportunities Trust  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 96.14%    
Argentina - 1.36%    
MercadoLibre, Inc. (I) 81,599 $ 6,660,926
Belgium - 0.99%    
Anheuser-Busch InBev NV 85,526 4,878,562
Brazil - 7.96%    
Anhanguera Educacional Participacoes SA 145,000 3,550,730
BR Malls Participacoes SA 1,064,300 11,082,045
OGX Petroleo e Gas Participacoes SA (I) 2,033,500 24,474,490
 
    39,107,265
Canada - 5.18%    
Canadian National Railway Company 164,489 12,381,087
Pacific Rubiales Energy Corp. 269,905 7,488,855
Teck Resources, Ltd. 104,915 5,561,198
 
    25,431,140

 

International Opportunities Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
China - 2.76%    
Baidu, Inc., SADR (I) 39,847 $ 5,491,315
SINA Corp. (I) 47,240 5,056,570
Youku.com, Inc., SADR (I) 63,338 3,009,188
 
    13,557,073
Denmark - 3.98%    
Novo Nordisk A/S 77,841 9,756,707
Novozymes A/S, B Shares 31,791 4,857,685
Pandora A/S (I) 96,683 4,918,320
 
    19,532,712
France - 8.29%    
Accor SA 164,097 7,367,830
BNP Paribas 94,169 6,891,011
Pernod-Ricard SA 55,112 5,153,744
Publicis Groupe SA 132,966 7,454,563
Schneider Electric SA 80,941 13,834,773
 
    40,701,921
Germany - 8.53%    
Adidas AG 76,904 4,856,945
BASF SE 194,860 16,894,842
Siemens AG 74,686 10,230,728
ThyssenKrupp AG 241,493 9,899,684
 
    41,882,199
Hong Kong - 5.89%    
CNOOC, Ltd. 2,291,500 5,806,208
Hang Lung Properties, Ltd. 1,643,000 7,182,327
Hong Kong Exchanges & Clearing, Ltd. 23,700 513,791
Li & Fung, Ltd. 3,000,000 15,415,571
 
    28,917,897
India - 2.31%    
ICICI Bank, Ltd., SADR 228,117 11,367,070
Japan - 17.19%    
Canon, Inc. 167,800 7,302,669
Daikin Industries, Ltd. 89,075 2,667,538
Dena Company, Ltd. 169,300 6,116,212
FamilyMart Company, Ltd. 171,000 6,367,209
Fanuc, Ltd. 51,100 7,681,423
Honda Motor Company, Ltd. 330,300 12,364,187
Komatsu, Ltd. 359,000 12,114,478
Marubeni Corp. 1,299,000 9,354,424
Sumitomo Realty &    
Development Company, Ltd. 379,000 7,581,823
Toshiba Corp. 1,469,000 7,187,822
Yamada Denki Company, Ltd. 85,510 5,693,660
 
    84,431,445
Luxembourg - 1.68%    
Millicom International Cellular SA 85,711 8,242,827
Netherlands - 6.22%    
ASML Holding NV (I) 284,747 12,559,282
LyondellBasell Industries, Class A (I) 238,893 9,448,218
Sensata Technologies Holding NV (I) 245,721 8,533,890
 
    30,541,390
Spain - 4.61%    
Banco Bilbao Vizcaya Argentaria SA 425,637 5,167,448
Criteria Caixacorp SA 700,664 4,947,025
Inditex SA 156,132 12,533,805
 
    22,648,278
Switzerland - 5.67%    
Julius Baer Group, Ltd. 166,702 7,236,163
Nestle SA 88,362 5,070,188

 

227

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Switzerland (continued)      
The Swatch Group AG, BR Shares   35,168 $ 15,542,559
      27,848,910
United Kingdom - 11.02%      
ARM Holdings PLC   596,987 5,564,300
Barclays PLC   2,734,631 12,267,695
Rolls-Royce Group PLC   553,909 5,500,312
Standard Chartered PLC   322,777 8,372,535
Tesco PLC   1,188,887 7,263,205
Tullow Oil PLC   325,479 7,569,273
Xstrata PLC   324,012 7,565,398
 
      54,102,718
United States - 2.50%      
Citigroup, Inc. (I)   2,784,149 12,305,939
TOTAL COMMON STOCKS (Cost $399,663,224)   $ 472,158,272
 
SHORT-TERM INVESTMENTS - 3.34%    
Money Market Funds* - 3.34%      
State Street Institutional Treasury Money      
Market Fund, 0.0027% $ 16,379,765 $ 16,379,765
TOTAL SHORT-TERM INVESTMENTS (Cost $16,379,765) $ 16,379,765
Total Investments (International Opportunities Trust)  
(Cost $416,042,989) - 99.48%     $ 488,538,037
Other assets and liabilities, net - 0.52%     2,571,205
TOTAL NET ASSETS - 100.00%     $ 491,109,242

 

International Small Company Trust  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 98.69%    
Australia - 7.82%    
Acrux, Ltd. (I) 36,231 $ 113,388
Adamus Resources, Ltd. (I) 29,271 22,489
Adelaide Brighton, Ltd. 25,938 86,306
Aditya Birla Minerals, Ltd. (I) 16,006 24,449
AED Oil, Ltd. (I) 17,758 4,663
AJ Lucas Group, Ltd. (I) 6,337 11,865
Alesco Corp., Ltd. 8,274 27,387
Alliance Resources, Ltd. (I) 22,348 7,391
Allied Gold, Ltd. (I) 19,914 12,986
Amalgamated Holdings, Ltd. 8,898 54,755
Ansell, Ltd. 11,256 157,309
Anvil Mining, Ltd. (I) 16,700 109,037
APA Group, Ltd. 1,386 6,033
APN News & Media, Ltd. 27,123 43,540
Arafura Resources, Ltd. (I) 20,511 26,126
ARB Corp., Ltd. 8,300 70,939
ASG Group, Ltd. (I) 14,304 14,999
Aurora Oil and Gas, Ltd. (I) 34,600 105,510
Ausdrill, Ltd. 32,814 129,689
Ausenco, Ltd. (I) 7,289 25,231
Austal, Ltd. 12,187 38,355
Austar United Communications, Ltd. (I) 38,531 52,346
Austbrokers Holdings, Ltd (I) 4,308 28,522
Austereo Group, Ltd. 16,908 36,711
Austin Engineering, Ltd. 7,179 35,585
Australian Agricultural Company, Ltd. (I) 10,664 17,737
Australian Infrastructure Fund 43,028 85,263

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Australian Worldwide Exploration, Ltd. (I) 36,008 $ 64,425
Automotive Holdings Group 30,885 89,641
Avexa, Ltd. (I) 96,403 4,985
Beach Energy, Ltd. 118,648 118,931
Biota Holdings, Ltd. (I) 13,694 14,861
Blackmores, Ltd. 1,430 44,223
Boart Longyear Group 29,681 143,467
Bow Energy, Ltd. (I) 27,753 28,853
Bradken, Ltd. 12,037 97,644
Brickworks, Ltd. 1,798 20,428
Brockman Resources, Ltd. (I) 20,828 127,460
BT Investment Management, Ltd. 3,141 8,905
Buru Energy, Ltd. (I) 31,343 16,586
Cabcharge Australia, Ltd. 9,047 51,629
Cape Lambert Iron Ore, Ltd. 61,857 34,819
Cardno, Ltd. 2,721 16,433
Carnarvon Petroleum, Ltd. (I) 44,251 15,469
Catalpa Resources, Ltd. (I) 11,586 21,248
Cellestis, Ltd. 5,129 15,811
Centamin Egypt, Ltd. (I) 88,755 193,211
Centrex Metals, Ltd. (I) 12,831 5,098
Chandler Macleod, Ltd. 23,343 13,201
Chemgenex Pharmaceuticals, Ltd. (I) 34,805 23,222
Citigold Corp., Ltd. (I) 12,839 1,274
Clough, Ltd. 20,047 17,417
Coal of Africa, Ltd. (I) 28,467 33,799
Cockatoo Coal, Ltd. (I) 84,085 42,425
Coffey International, Ltd. 14,374 10,476
Comdek, Ltd. (I) 9,069 8,642
Compass Resources, Ltd. (I) 15,577 2,417
ConnectEast Group 224,097 105,429
Conquest Mining, Ltd. (I) 36,248 21,507
Consolidated Media Holdings, Ltd. 18,638 54,366
Crane Group, Ltd. 8,359 88,241
Crescent Gold, Ltd. (I) 147,158 7,522
CSG, Ltd. 20,745 29,984
CuDeco, Ltd. (I) 8,580 27,423
Cue Energy Resources, Ltd. (I) 5,000 1,761
Customers, Ltd. 7,612 11,411
Deep Yellow, Ltd. (I) 57,118 13,121
Devine, Ltd. 33,869 9,456
Duet Group 55,855 96,664
DWS Advanced Business Solutions, Ltd. 12,684 18,940
Dyesol, Ltd. (I) 14,530 12,404
Eastern Star Gas, Ltd. (I) 49,270 38,430
Elders, Ltd. (I) 48,521 25,314
Emeco Holdings, Ltd. 61,822 77,518
Energy World Corp., Ltd. (I) 75,962 38,041
Envestra, Ltd. 74,919 46,478
Fantastic Holdings, Ltd. 4,687 11,099
FKP Property Group, Ltd. 71,930 63,256
Fleetwood Corp., Ltd. 4,841 60,570
FlexiGroup, Ltd. 15,968 32,042
Flight Centre, Ltd. 6,735 155,072
Flinders Mines, Ltd. (I) 102,814 19,436
Gascoyne Resources, Ltd. (I) 2,573 549
Gindalbie Metals, Ltd. (I) 34,078 39,924
Goodman Fielder, Ltd. 147,951 188,147
GrainCorp., Ltd. 12,585 98,944
Grange Resources Corp., Ltd. (I) 132,454 89,574
Great Southern Plantations, Ltd. (I) 49,118 0
GUD Holdings, Ltd. 5,844 57,879
Gujarat NRE Coking Coal, Ltd. (I) 3,510 2,161
Gunns, Ltd. (I) 91,122 58,322
GWA International, Ltd. 26,498 90,648

 

228

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Hastie Group, Ltd. 24,923 $ 23,846
Hillgrove Resources Ltd. (I) 71,641 21,086
Hills Industries, Ltd. 29,039 45,917
Horizon Oil, Ltd. (I) 90,132 34,623
Icon Energy, Ltd. (I) 53,263 12,305
iiNET, Ltd. 7,036 19,275
Imdex, Ltd. 15,820 34,313
IMFAustralia, Ltd. 10,109 16,771
Independence Group NL 11,515 78,388
Indophil Resources NL (I) 85,202 56,859
Industrea, Ltd. 28,662 41,478
Infigen, Ltd. 81,696 31,228
Integra Mining, Ltd. (I) 58,809 28,330
International Ferro Metals, Ltd. (I) 24,339 10,444
Intrepid Mines, Ltd. (I) 38,954 82,808
Invocare, Ltd. 9,175 67,232
IOOF Holdings, Ltd. 24,446 183,325
Iress Market Technology, Ltd. 8,667 83,709
iSOFT Group Ltd. (I) 65,826 3,541
Ivanhoe Australia, Ltd. (I) 6,152 21,161
Jabiru Metals, Ltd. (I) 42,457 35,091
Kagara Zinc, Ltd. (I) 48,216 30,573
Karoon Gas Australia, Ltd. (I) 6,513 48,191
Kingsgate Consolidated, Ltd. 10,049 89,993
Linc Energy, Ltd. 22,798 68,713
M2 Telecommunications Group, Ltd. 10,638 40,709
Macmahon Holdings, Ltd. 67,462 39,377
Mantra Resources, Ltd. (I) 9,619 66,538
Mcmillan Shakespeare, Ltd. 4,446 44,967
McPherson’s, Ltd. 6,941 22,995
Medusa Mining, Ltd. 14,817 107,649
Mermaid Marine Australia, Ltd. 14,850 49,288
Mesoblast, Ltd. (I) 14,659 109,761
Metals X, Ltd. (I) 159,375 49,264
Minara Resources, Ltd. 38,702 30,563
Mincor Resources NL 19,890 28,231
Mineral Deposits, Ltd. (I) 4,722 35,459
Mineral Resources, Ltd. 6,043 77,921
Mirabela Nickel, Ltd. (I) 38,240 77,930
Molopo Australia, Ltd. (I) 5,287 4,892
Monadelphous Group, Ltd. 3,196 70,676
Mortgage Choice, Ltd. 13,052 19,894
Mount Gibson Iron, Ltd. (I) 10,942 22,474
Murchison Metals, Ltd. (I)(L) 28,318 29,106
Navitas, Ltd. 65,859 291,114
Nexus Energy, Ltd. (I) 86,250 42,884
NIB Holdings, Ltd. 43,000 62,994
Nido Petroleum, Ltd. (I) 140,525 15,941
Norton Gold Fields, Ltd. (I) 60,831 10,383
NRW Holdings, Ltd. 16,672 49,672
Nufarm, Ltd. (I) 8,958 48,055
Oakton, Ltd. 7,538 17,905
OrotonGroup, Ltd. 5,244 43,303
Otto Energy, Ltd. (I) 63,569 6,182
Pacific Brands, Ltd. 68,225 59,626
Pan Pacific Petroleum NL (I) 39,039 6,249
PaperlinX, Ltd. (I) 67,848 24,897
Peet & Company, Ltd. 9,595 19,165
Perilya, Ltd. (I) 40,946 27,253
Perpetual Trust of Australia, Ltd. 2,281 68,592
Perseus Mining, Ltd. (I) 37,732 120,616
Pharmaxis, Ltd. (I) 19,037 52,680
Photon Group, Ltd. (I) 90,032 6,438
Platinum Australia, Ltd. (I) 36,360 22,144
PMP, Ltd. 32,750 24,854

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Port Bouvard, Ltd. (I) 24,303 $ 1,985
Premier Investments, Ltd. 4,278 28,077
Primary Health Care, Ltd. 38,104 129,920
Prime Retirement & Aged    
Care Property Trust (I) 14,396 715
Programmed Maintenance Services, Ltd. 12,923 22,759
REA Group, Ltd. 12,806 174,190
Reckon, Ltd. 17,119 46,044
Redflex Holdings, Ltd. 3,279 8,615
Resolute Mining, Ltd. (I) 56,262 72,936
Retail Food Group, Ltd. 5,468 16,292
Ridley Corp., Ltd. 32,485 40,996
Roc Oil Company, Ltd. (I) 64,961 26,405
SAI Global, Ltd. 15,526 80,465
Sally Malay Mining, Ltd. 21,653 50,723
Sedgman, Ltd. 12,987 24,962
ServCorp, Ltd. 5,074 15,494
Sigma Pharmaceuticals, Ltd. (I) 207,664 105,175
Silex Systems, Ltd. (I) 7,499 36,999
Silver Lake Resources, Ltd. (I) 20,261 43,618
Sirtex Medical, Ltd. 2,941 16,145
Skilled Group, Ltd. (I) 2,882 5,794
SMS Management & Technology, Ltd. 7,356 49,317
Southern Cross Media Group, Ltd. 40,576 69,490
Spark Infrastructure Group (S) 73,678 85,272
Specialty Fashion Group, Ltd. 12,034 13,072
Spotless Group, Ltd. 11,579 23,193
St. Barbara, Ltd. (I) 30,394 68,505
Straits Metals, Ltd. (I) 26,265 22,141
Strike Resources, Ltd. (I) 14,267 5,453
STW Communications Group, Ltd. 23,084 28,851
Sundance Resources, Ltd. (I) 208,144 99,894
Super Cheap Auto Group, Ltd. 11,052 80,368
Talent2 International, Ltd. 3,808 6,557
Technology One, Ltd. 17,402 17,277
Ten Network Holdings, Ltd. 39,487 53,440
TFS Corp., Ltd. 18,892 15,832
Thakral Holdings Group, Ltd. (I) 84,502 42,931
The Reject Shop, Ltd. 2,561 32,125
Tower Australia Group, Ltd. 41,729 170,655
Tox Free Solutions, Ltd. 8,380 18,201
TPG Telecom, Ltd. 108,688 187,368
Transfield Services Infrastructure Fund 8,115 6,621
Transfield Services, Ltd. 40,071 138,688
Transpacific Industries Group, Ltd. (I) 18,498 21,481
Troy Resources NL (I) 6,603 25,835
UXC, Ltd. (I) 17,598 11,545
Village Roadshow, Ltd. 27,942 118,532
Virgin Blue Holdings, Ltd. (I) 359,466 116,989
Vision Group Holdings, Ltd. (I) 688 142
Watpac, Ltd. 11,170 18,126
Webjet, Ltd. 10,889 21,954
West Australian    
Newspapers Holdings, Ltd. (L) 9,273 50,898
Western Areas NL 10,130 70,700
White Energy Company, Ltd. (I)(L) 9,845 31,575
Wide Bay Australia, Ltd. 607 6,228
Windimurra Vanadium, Ltd. (I) 26,337 0
Wotif.com Holdings, Ltd. 6,934 39,135
 
    10,161,785
Austria - 1.06%    
A-TEC Industries AG (I) 792 2,367
Austriamicrosystems AG (I) 1,784 94,167
BWIN Interactive Entertainment AG 5,381 211,134

 

229

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Austria (continued)    
BWT AG 474 $ 13,890
Cat Oil AG 3,036 31,332
EVN AG (L) 1,566 29,239
Flughafen Wien AG 1,080 68,617
Frauenthal Holdings AG (I) 179 2,673
Intercell AG (I) 3,233 41,256
Mayr-Melnhof Karton AG 491 57,358
Oesterreichische Post AG (I)(L) 4,652 159,201
Palfinger AG 1,137 42,025
RHI AG 2,979 107,464
S&T System Integration & Technology    
Distribution AG (I) 495 2,096
Schoeller-Bleckmann Oilfield    
Equipment AG 1,435 141,251
Wienerberger Baustoffindustrie AG (I) 8,352 168,312
Zumtobel AG 5,975 204,107
 
    1,376,489
Belgium - 1.35%    
Ackermans & Van Haaren NV 1,939 187,392
AGFA Gevaert NV (I) 10,039 43
AGFA Gevaert NV (I) 40,153 173,718
Arseus NV 1,641 28,024
Banque Nationale de Belgique 9 44,745
Barco NV (I) 780 60,060
Compagnie d’Entreprises CFE 687 57,006
Compagnie Maritime Belge SA 1,387 41,010
D’ieteren SA 4,540 311,179
Deceuninck Plastics NV (I) 7,720 22,315
Devgen (I) 964 8,257
Econocom Group SA 1,236 27,160
Elia System Operator SA (I) 534 258
Elia System Operator SA/NV 2,673 109,106
Euronav NV 2,340 36,195
EVS Broadcast Equipment SA 811 51,619
Exmar NV 836 7,938
Galapagos NV (I) 2,443 40,806
Gimv NV 22 1,325
Kinepolis Group NV 719 57,580
Melexis NV 1,922 34,266
Nyrstar (L) 13,851 199,665
Nyrstar - Strip VVPR (I) 5,698 0
Omega Pharma SA 2,269 109,329
Sipef SA 356 35,266
Tessenderlo Chemie (I) 61 39
Tessenderlo Chemie NV 1,300 46,587
ThromboGenics NV (I) 1,612 49,345
Van De Velde NV 356 20,054
 
    1,760,287
Bermuda - 0.59%    
Catlin Group, Ltd. 22,847 132,247
CSI Properties, Ltd 520,000 16,147
Dockwise, Ltd. (I) 1,556 42,314
Golden Ocean Group, Ltd. (L) 34,000 43,589
Hardy Underwriting Bermuda, Ltd. 3,161 14,046
Hiscox, Ltd. 23,931 144,861
Katanga Mining, Ltd. (I) 113,150 201,908
Lancashire Holdings, Ltd. 13,824 132,531
Neway Group Holdings, Ltd. 760,000 42,061
 
    769,704
Canada - 12.71%    
5N Plus, Inc. (I) 2,100 20,079
Aastra Technologies, Ltd 2,000 51,367
Absolute Software Corp. (I) 3,900 12,752

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Advantage Oil & Gas, Ltd. (I) 19,300 $ 173,192
Aecon Group, Inc. 5,300 54,175
AG Growth International, Inc. 1,400 65,964
AGF Management, Ltd. 5,300 107,203
Akita Drilling, Ltd. 1,500 17,174
Alacer Gold Corp. (I) 27,066 248,745
Alamos Gold, Inc. 6,700 106,011
Alexco Resource Corp. (I) 4,800 42,084
Algonquin Power & Utilities Corp. 6,600 35,127
Alliance Grain Traders, Inc. 200 5,260
Altius Minerals Corp. (I) 3,100 42,367
Anderson Energy, Ltd. (I) 8,700 10,858
Angle Energy, Inc. (I) 5,300 51,661
Antrim Energy, Inc. (I) 15,500 16,947
Argosy Energy, Inc. (I) 26 68
Astral Media, Inc. 4,040 161,183
Atrium Innovations, Inc. (I) 3,300 56,265
ATS Automation Tooling Systems, Inc. (I) 8,247 58,780
Augusta Resource Corp. (I) 9,500 48,112
Aura Minerals, Inc. (I) 10,300 30,066
Aurizon Mines, Ltd. (I) 14,000 98,484
Avalon Rare Metals, Inc. (I)(L) 5,100 41,137
B2Gold Corp. (I) 16,306 50,121
Bankers Petroleum, Ltd. (I) 24,300 218,061
Bellatrix Exploration, Ltd. (I) 606 3,525
Bioteq Environment Technologies, Inc. (I) 500 371
Birch Mountain Resources, Ltd. (I) 9,200 19
Birchcliff Energy, Ltd. (I) 9,700 121,663
Black Diamond Group, Ltd. 1,375 36,591
BlackPearl Resources, Inc. (I) 37,800 279,162
BNK Petroleum, Inc. (I) 12,834 62,217
Bonterra Energy Corp. 1,700 97,423
Boralex, Inc. (I) 2,500 21,790
Breakwater Resources, Ltd. (I) 10,400 65,007
Burcon NutraScience Corp. (I) 2,500 25,374
Calfrac Well Services, Ltd. 400 12,893
Calvalley Petroleums, Inc. (I) 10,640 28,754
Canaccord Capital, Inc. 5,300 76,534
Canada Bread Company, Ltd. 2,160 102,486
Canadian Energy Services    
& Technology Corp. 1,567 55,213
Canadian Western Bank 4,766 153,131
Canam Group, Inc. 4,200 36,130
Candente Gold Corp. (I) 1,760 1,434
Canfor Corp. (I) 16,240 247,913
Cangene Corp. (I) 100 270
Capstone Mining Corp. (I) 20,500 93,249
Cardero Resource Corp. (I) 7,100 13,475
Cardiome Pharma Corp. (I) 6,200 26,348
Carpathian Gold, Inc. (I) 24,200 12,231
Cascades, Inc. 7,600 59,185
CCL Industries, Inc. 3,600 117,339
CE Franklin, Ltd. (I) 614 5,510
Celtic Exploration, Ltd. (I) 6,789 144,743
China Gold    
International Resources Corp., Ltd. (I) 17,500 99,458
Chinook Energy, Inc. (I) 3,544 7,494
Cinch Energy Corp. (I) 200 217
Clarke, Inc. (I) 2,800 13,690
Cline Mining Corp. (I) 9,200 33,118
Coalcorp Mining, Inc. (I) 9,785 1,716
Cogeco Cable, Inc. 1,641 76,185
Cogeco, Inc. 45 1,926
COM DEV International, Ltd. (I) 8,800 20,604
Compton Petroleum Corp. (I) 21,889 7,564

 

230

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Computer Modelling Group, Ltd. 100 $ 2,558
Connacher Oil and Gas, Ltd. (I) 52,700 77,732
Consolidated Thompson    
Iron Mines, Ltd. (I) 1,829 32,335
Constellation Software, Inc. 1,300 86,716
Corridor Resources, Inc. (I) 4,930 27,053
Corus Entertainment, Inc. 7,282 155,179
Corvus Gold, Inc. (I) 1,150 902
Cott Corp. (I) 8,900 74,909
Crew Energy, Inc. (I) 11,300 205,137
Daylight Energy, Ltd. 11,764 137,237
Delphi Energy Corp. (I) 23,445 60,698
Denison Mines Corp. (I) 33,028 78,695
Detour Gold Corp. (I) 5,700 180,260
Diagnocure, Inc. (I) 800 776
Dorel Industries, Inc., Class B 3,200 102,750
Dundee Capital Markets, Inc. (I) 3,853 5,166
Dundee Precious Metals    
Incdundee Precious Metals Inc (I) 11,000 98,824
Eastern Platinum, Ltd. (I) 140,500 188,396
Eastmain Resources, Inc. (I) 7,100 11,498
Easyhome, Ltd. 1,446 12,529
ECU Silver Mining, Inc. (I) 33,000 33,357
Endeavour Silver Corp. (I) 4,200 41,155
Ensign Energy Services, Inc. 9,100 171,394
Entree Gold, Inc. (I) 7,400 23,127
Equinox Minerals, Ltd. (I) 13,333 78,939
Equitable Group, Inc. 400 12,262
European Goldfields, Ltd. (I) 14,109 178,127
Evertz Technologies, Ltd. 1,412 25,881
Exco Technologies, Ltd. 2,900 12,563
Exeter Resource Corp. (I) 230 1,224
Fairborne Energy, Ltd. (I) 8,600 48,256
Far West Mining, Ltd. (I) 1,900 14,620
First Majestic Silver Corp (I) 9,400 199,829
FirstService Corp. (I) 2,700 102,207
Flint Energy Services, Ltd. (I) 3,996 69,575
Forsys Metals Corp. (I) 400 784
Fortress Paper, Ltd. (I) 900 40,558
Fortuna Silver Mines, Inc. (I) 103 563
Fortune Minerals, Ltd. (I) 2,450 4,321
Forzani Group, Ltd. 3,540 64,228
Fronteer Gold, Inc. (I) 12,437 188,062
Galleon Energy, Inc. (I) 9,800 40,534
Gammon Gold, Inc. (I) 12,500 130,093
Garda World Security Corp. (I) 6,400 65,947
GBS Gold International, Inc. (I) 13,800 0
Gennum Corp. 2,342 18,963
Genworth MI Canada, Inc. 187 5,048
Geomark Exploration, Inc. (I) 24 38
Glacier Media, Inc. (I) 6,100 15,415
Glentel, Inc. 700 24,130
GLG Life Tech Corp. (I) 2,200 23,214
Gluskin Sheff & Associates, Inc. 1,300 29,366
GMP Capital, Inc. 2,443 39,738
Grande Cache Coal Corp. (I) 11,500 121,821
Great Canadian Gaming Corp. (I) 700 5,567
Great Panther Silver, Ltd. (I) 14,100 60,501
Greystar Resources, Ltd. (I) 7,400 20,914
Groupe Aeroplan, Inc. 15,300 207,209
Guyana Goldfields, Inc. (I) 6,600 64,128
Hanfeng Evergreen, Inc. (I) 200 1,031
Harry Winston Diamond Corp. (I) 7,361 118,596
Heroux-Devtek, Inc. (I) 1,600 15,018
Home Capital Group, Inc. 2,300 135,011

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
HudBay Minerals, Inc. 16,400 $ 267,103
Imax Corp. (I) 7,214 229,107
Imperial Metals Corp. (I) 2,300 52,666
Innergex Renewable Energy, Inc. 3,506 34,572
Insignia Energy, Ltd. (I) 3,910 7,703
International Forest Products, Ltd. (I) 2,050 14,780
International Tower Hill Mines, Ltd. (I) 2,300 23,083
Intertape Polymer Group, Inc. (I) 4,500 5,802
Isotechnika Pharma, Inc. (I) 3,200 743
Ivanhoe Energy, Inc. (I) 25,500 71,805
KAB Distribution, Inc. (I) 7,076 7
Keegan Resources, Inc. (I) 8,100 70,598
Kimber Resources, Inc. (I) 250 420
Kingsway Financial Services, Inc. (I) 8,100 7,519
Kirkland Lake Gold, Inc. (I) 4,400 61,405
La Mancha Resources, Inc. (I) 17,200 40,272
Labopharm, Inc. (I) 7,200 3,862
Lake Shore Gold Corp. (I) 24,100 101,670
Laurentian Bank of Canada 2,914 152,147
Le Chateau, Inc. 1,700 19,657
Legacy Oil & Gas, Inc. (I) 614 9,329
Leon’s Furniture, Ltd. 5,926 84,902
Linamar Corp. 4,251 92,123
MacDonald Dettwiler & Associates, Ltd. 2,582 143,468
MAG Silver Corp. (I) 3,500 41,769
Major Drilling Group International 6,900 117,218
Manitoba Telecom Services, Inc. 1,531 47,454
Maple Leaf Foods, Inc. 4,700 59,823
Martinrea International, Inc. (I) 8,593 83,315
Maxim Power Corp. (I) 4,800 14,605
MDC Partners, Inc. 100 1,676
Mega Uranium, Ltd. (I) 24,000 14,605
Mercator Minerals, Ltd. (I) 19,100 66,195
Methanex Corp. 5,900 183,420
Migao Corp. (I) 3,000 23,424
Minefinders Corp. (I) 1,500 19,789
Mineral Deposits, Ltd. (I) 12,432 32,135
Miranda Technologies, Inc. (I) 3,285 22,532
Mosaid Technologies, Inc. 1,200 38,841
Mullen Group, Ltd. 3,257 71,657
Nautilus Minerals, Inc. (I) 30,700 88,981
Neo Material Technologies, Inc. (I) 8,900 85,649
Newalta, Inc. 5,900 78,565
NGEx Resources, Inc. (I) 7,821 15,650
Norbord, Inc. (I) 940 14,592
Nordion, Inc. 14,178 167,299
North American Palladium, Ltd. (I) 7,400 48,468
Northern Dynasty Minerals, Ltd. (I) 4,900 73,740
Northgate Minerals Corp. (I) 31,505 85,790
Noveko International, Inc. (I) 2,600 1,167
NuVista Energy, Ltd. 9,573 98,742
Oncolytics Biotech, Inc. (I) 4,590 26,749
Open Range Energy Corp. (I) 3,700 12,861
OPTI Canada, Inc. (I)(L) 31,900 7,732
Orleans Energy, Ltd. (I) 4,700 12,556
Paladin Labs, Inc. (I) 500 17,963
Paramount Resources, Ltd. (I) 5,100 176,751
Pason Systems, Inc. 6,600 107,220
Pelangio Exploration, Inc. (I) 4,400 3,222
Peregrine Diamonds, Ltd. (I) 12,400 27,627
Perpetual Energy, Inc. 1,456 6,248
Platinum Group Metals, Ltd. (I) 5,000 9,799
Plutonic Power Corp. (I) 6,600 17,768
Polymet Mining Corp. (I) 7,903 15,814
ProspEx Resources, Ltd. (I) 7,735 16,321

 

231

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Pulse Seismic, Inc. (I) 5,782 $ 13,956
Pure Energy Services, Ltd. (I) 1,400 10,542
Quebecor, Inc. 600 21,463
Queenston Mining, Inc. (I) 6,000 39,608
Questerre Energy Corp. (I) 38,200 48,464
Reitmans Canada, Ltd. 154 2,777
Reitmans Canada, Ltd., Class A 7,000 126,065
Resverlogix Corp. (I) 3,400 7,645
Richelieu Hardware, Ltd. 1,400 43,321
Ritchie Bros. Auctioneers, Inc. (L) 7,500 211,578
RONA, Inc. 10,343 151,491
RS Technologies, Inc. (I) 152 94
Rubicon Minerals Corp. (I) 15,700 81,293
Russel Metals, Inc. 7,189 202,508
Sabina Gold & Silver Corp. (I) 2,375 14,306
Sandvine Corp. (I) 18,000 45,487
Savanna Energy Services Corp. (I) 700 6,570
Scorpio Mining Corp. (I) 8,900 12,668
Seabridge Gold, Inc. (I) 3,200 101,232
Shawcor, Ltd., Class A 4,204 158,100
Sherritt International Corp. (L) 23,100 189,661
Shore Gold, Inc. (I) 22,600 18,183
Sierra Wireless, Inc. (I) 3,200 34,987
Silver Standard Resources, Inc. (I) 7,000 219,422
Silvercorp Metals, Inc. 20,400 296,899
Softchoice Corp. (I) 400 3,651
SouthGobi Energy Resources, Ltd. (I) 4,900 72,224
Sprott Resource Corp. (I) 9,300 51,512
Sprott Resource Lending Corp. (I) 9,200 16,891
Stantec, Inc. (I) 4,700 140,685
Starfield Resources, Inc. (I) 37,000 3,626
Stella-Jones, Inc. 100 4,172
Student Transportation of America, Ltd. 5,290 37,431
SunOpta, Inc. (I) 6,708 49,886
Superior Plus Corp. 7,400 86,098
Tanzanian    
Royalty Exploration Corp. (I)(L) 7,400 47,247
Taseko Mines, Ltd. (I) 25,500 151,501
Technicoil Corp. (I) 5,300 13,175
The Cash Store Financial Services, Inc. 2,451 35,368
The Churchill Corp. (I) 1,600 33,089
The Descartes Systems Group, Inc. (I) 6,000 39,484
The Jean Coutu Group (PJC), Inc. 7,700 81,408
Theratechnologies, Inc. (I) 300 1,479
Thompson Creek Metals Company, Inc. (I) 11,493 144,033
Timminco, Ltd. (I) 8,700 4,128
TLC Vision Corp. (I) 3,400 10
TMX Group, Inc. 2,582 103,387
Toromont Industries, Ltd. 4,700 152,465
Torstar Corp. 6,800 100,229
Total Energy Services, Inc. 8,400 143,913
Transcontinental, Inc. 7,583 117,167
TransForce, Inc. 7,918 116,381
Transglobe Energy Corp. (I) 5,600 85,025
Transition Therapeutics, Inc. (I) 2,700 11,725
Trilogy Energy Corp. 600 12,613
Trinidad Drilling, Ltd. 13,597 131,833
U308 Corp. (I) 2,980 1,553
Uni-Select, Inc. 1,400 37,718
Uranium Participation Corp. (I) 9,855 66,683
Vecima Networks, Inc. (I) 2,779 10,348
Vector Aerospace Corp. (I) 1,900 25,144
Vero Energy, Inc. (I) 8,900 50,857
Vitran Corp., Inc. (I) 600 8,355
Webtech Wireless, Inc. (I) 1,700 824

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Wesdome Gold Mines, Ltd. 8,000 $ 22,610
West Fraser Timber Company, Ltd. 2,143 133,576
Western Coal Corp. (I) 30,700 375,556
Westport Innovations, Inc. (I) 4,757 104,266
Wi-LAN, Inc. 9,800 60,245
Winpak, Ltd. 200 2,599
Xtreme Coil Drilling Corp. (I) 3,452 18,764
Zarlink Semiconductor, Inc. (I) 4,500 10,072
ZCL Composites, Inc. (I) 3,500 11,986
 
    16,519,646
Cayman Islands - 0.04%    
Siem Offshore, Inc. (I) 20,000 45,090
China - 0.09%    
Bund Center Investment, Ltd. (I) 190,000 33,069
Epure International, Ltd. 51,000 29,184
Pacific Textile Holdings, Ltd. 90,000 52,002
 
    114,255
Cyprus - 0.09%    
Deep Sea Supply PLC (I) 11,000 28,575
Marfin Popular Bank PLC 7,033 8,666
ProSafe ASA 10,003 76,087
 
    113,328
Denmark - 0.80%    
ALK-Abello A/S 381 22,959
Alm Brand A/S (I) 5,370 11,537
Amagerbanken A/S (I) 25,580 0
Auriga Industries 1,693 29,715
Bang & Olufsen A/S (I) 3,937 57,983
Bavarian Nordic A/S (I) 928 19,814
Capinordic A/S (I) 7,100 620
D.S. Norden A/S 2,246 77,374
East Asiatic Company, Ltd. A/S 1,511 45,958
Fionia Bank A/S (I) 1,700 0
Genmab A/S (I) 3,300 35,121
GN Store Nord A/S 13,257 124,482
Greentech Energy Systems A/S (I) 4,271 14,042
IC Companys A/S 807 34,531
Lan & Spar Bank A/S 225 11,547
NeuroSearch A/S (I) 1,867 20,245
NKT Holding A/S 1,339 78,371
Ostjydsk Bank A/S (I) 167 9,842
Ringkjoebing Landbobank A/S 386 49,669
Roskilde Bank A/S (I) 473 0
Satair A/S 294 21,124
Schouw & Company A/S 1,959 54,516
SimCorp A/S 572 91,690
Solar Holdings A/S 603 51,037
Spar Nord Bank A/S (I) 4,942 45,557
Sydbank A/S 4,527 114,267
Thrane & Thrane A/S 413 19,698
Torm A/S (I) 199 1,144
Vestjysk Bank A/S (I) 155 1,722
 
    1,044,565
Finland - 2.67%    
Alma Media OYJ 4,110 47,442
Amer Sports OYJ 22,062 283,647
Atria PLC 1,021 12,554
Cargotec Corp. OYJ 5,393 262,978
Cramo OYJ (L) 2,993 77,600
Elektrobit Corp. 2,752 2,419
Finnair OYJ (I) 3,281 17,877
Finnlines OYJ (I) 4,379 49,041

 

232

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Finland (continued)    
Fiskars Corp. 3,512 $ 84,568
HK Ruokatalo OYJ 316 2,971
Huhtamaki OYJ 3,486 49,398
Ilkka-Yhtyma OYJ 1,535 19,162
KCI Konecranes OYJ (L) 4,353 201,554
Kemira OYJ 8,272 133,698
Lannen Tehtaat OYJ 696 18,525
M-real OYJ (I) 44,242 192,994
Olvi OYJ 586 30,705
Oriola-KD OYJ 4,895 23,612
Orion OYJ, Series A (L) 4,469 108,198
Orion OYJ, Series B (L) 11,531 279,687
Outotec OYJ 3,485 209,656
Poyry OYJ 2,864 43,651
Raisio OYJ 8,267 30,792
Ramirent OYJ 4,765 78,497
Rapala VMC OYJ 2,298 22,141
Rautaruukki OYJ (L) 6,695 160,482
Ruukki Group OYJ (I) 8,977 23,015
Scanfil OYJ 3,574 14,148
Stockmann OYJ Abp, Series B 3,940 118,459
Tecnomen OYJ (I) 8,945 5,206
Tieto OYJ 4,223 77,279
Tikkurila OYJ 2,068 47,057
Uponor OYJ 4,437 75,732
Vacon OYJ 758 46,699
YIT Oyj 21,015 622,902
 
    3,474,346
France - 3.99%    
ABC Arbitrage 1,686 18,064
Altran Technologies SA (I) 21,034 146,403
April Group SA 1,212 33,512
Archos SA (I) 313 3,667
Assystem SA 1,693 37,289
Beneteau SA 4,024 84,886
Boiron SA 699 29,536
Bongrain SA (I) 189 17,553
Bourbon SA (L) 4,182 197,702
Boursorama (I) 743 8,686
Bull SA (I) 11,076 59,134
Canal Plus SA (I) 4,707 37,339
Cegedim SA 385 26,316
Delachaux SA 1,025 104,784
Electricite de Strasbourg SA 81 13,795
Esso SAF 197 27,908
Etablissements Maurel et Prom SA 12,266 236,395
Eurofins Scientific 895 78,890
Financiere Marc de Lacharriere SA 961 38,792
GFI Informatique SA (I) 7,671 40,467
GL Events SA 213 7,309
Groupe Steria SA 2,929 94,244
Guerbet SA 157 15,575
Guyenne & Gascogne SA 315 40,874
Haulotte Group (I) 1,924 39,210
Havas SA 35,098 188,374
IMS International Metal Service (I) 2,200 46,843
Infogrames Entertainment SA (I) 2,501 10,367
Ipsos SA 3,356 164,330
Korian 170 3,987
Lafuma SA (I) 323 6,730
Laurent-Perrier SA 120 13,435
Lectra SA 2,262 21,165
LVL Medical Groupe SA (I) 438 10,899
M6-Metropole Television 8,464 221,143

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
Manutan SA 162 $ 11,674
Mersen 1,710 94,984
Neopost SA 3,119 273,134
Nexans SA 2,042 195,379
Nexity SA 4,083 202,488
NicOx SA (I) 4,623 16,248
Norbert Dentressangle SA 576 61,813
NRJ Group 2,727 28,951
Orpea SA 2,102 102,714
Parrot SA (I) 1,095 39,297
Penauille Polyservices SA (I) 8,547 73,395
Pierre & Vacances SA 453 39,795
Rallye SA 2,526 114,282
Recylex SA (I) 3,196 30,225
Remy Cointreau SA 2,623 197,444
Rhodia SA (I) 19,404 567,765
Robertet SA 135 23,151
Rubis SA 336 40,151
Saft Groupe SA 2,392 101,673
Sechilienne-Sidec SA 1,808 50,722
Sequana Capital 2,051 36,049
Somfy SA 280 77,338
Spir Communication SA (I) 492 27,583
SR Teleperformance SA 5,894 222,174
Stef-TFE Group 1,149 71,643
Theolia SA (I)(L) 9,586 18,212
Toupargel-Agrigel SA 539 11,686
Transgene SA (I)(L) 1,152 20,252
Trigano SA 1,753 59,514
UBISOFT Entertainment SA (I) 6,111 62,514
Vetoquinol Sa 56 2,408
Viel & Compagnie SA 5,454 25,144
Vilmorin & Compagnie SA 710 85,079
Virbac SA 384 63,991
VM Materiaux SA 263 16,402
 
    5,190,877
Germany - 5.00%    
Aareal Bank AG (I) 3,026 97,048
Adlink Internet Media AG (I) 1,638 8,118
Adva AG Optical Networking (I) 6,343 53,202
Agennix AG (I) 506 2,621
Air Berlin PLC (I) 4,881 21,616
Asian Bamboo AG (L) 1,159 57,006
Balda AG (I) 8,571 103,277
Bauer AG 162 8,174
BayWa AG 921 41,715
Bechtle AG 1,216 51,320
Centrotherm Photovoltaics AG (I) 812 48,234
Cewe Color Holding AG 385 17,276
Comdirect Bank AG (I) 2,391 27,040
Compugroup Medical AG 448 7,302
Conergy AG (I)(L) 12,401 7,028
CTS Eventim AG 567 36,555
Delticom AG 491 44,474
Demag Cranes AG 1,912 97,383
Deutsche Beteiligungs AG 423 12,190
Deutsche Wohnen AG (I) 6,242 90,051
Deutz AG (I) 5,916 49,787
Dialog Semiconductor PLC (I) 4,253 88,652
Douglas Holding AG 2,559 139,763
Drillisch AG 7,508 77,472
Duerr AG 1,696 56,314
DVB Bank AG 6,310 224,457
ElringKlinger AG 3,656 115,245

 

233

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
Evotec AG (I) 16,036 $ 67,589
Freenet AG 15,169 173,789
Fuchs Petrolub AG (I) 615 83,042
Gerresheimer AG 3,110 142,329
Gerry Weber International AG 1,710 99,519
Gesco AG 295 24,630
GFK AG 308 17,031
Grenkeleasing AG 129 7,723
Hamburger Hafen und Logistik AG 2,240 104,208
Heidelberger Druckmaschinen AG (I) 21,081 99,651
Indus Holding AG 1,623 48,331
IVG Immobilien AG (I) 8,262 68,518
IWKA AG (I) 2,152 50,741
Jenoptik AG (I) 3,285 26,254
Kloeckner & Company SE (I) 7,480 250,010
Kontron AG 5,420 67,211
Krones AG (I) 2,044 148,120
KWS Saat AG 206 43,497
Leoni AG (I) 2,827 120,801
Manz Automation AG (I) 233 16,697
Medigene AG (I) 3,040 8,843
Medion AG 1,622 23,004
MLP AG 4,269 39,505
Muehlbauer Holding AG &    
Company KGaA 156 8,631
MVV Energie AG 884 34,280
Norddeutsche Affinerie AG 5,323 284,280
Nordex AG (I)(L) 2,657 29,208
Pfeiffer Vacuum Technology AG 173 24,262
Pfleiderer AG (I)(L) 3,314 7,567
Phoenix Solar AG 547 18,589
Plambeck Neue Energien AG (I) 6,235 22,775
Praktiker Bau- und    
Heimwerkermaerkte AG 6,319 74,580
Premiere AG (I) 28,928 119,035
Q-Cells AG (I)(L) 7,201 31,106
QSC AG (I) 6,549 24,682
Rational AG (I) 405 96,641
Rheinmetall AG 2,295 190,262
Sartorius AG 940 37,583
SGL Carbon AG (I)(L) 5,711 279,058
Singulus Technologies AG (I) 11,249 70,008
Sixt AG 1,178 60,115
Solar Millennium AG (I) 1,626 42,170
Solarworld AG (L) 11,677 190,394
Stada Arzneimittel AG 10,688 414,213
Suess MicroTec AG (I) 2,259 38,064
Symrise AG 4,862 142,594
TUI AG (I)(L) 2,876 34,387
Vossloh AG 806 108,077
VTG AG 1,231 28,736
Wacker Construction Equipment AG (I) 2,763 43,582
Wincor Nixdorf AG 5,765 466,506
Wire Card AG 10,022 179,747
WMF Wuerttembergische    
Metallwarenfabrik AG 1,601 65,509
Xing AG (I) 361 21,313
 
    6,502,317
Gibraltar - 0.02%    
PartyGaming PLC (I) 8,358 26,795
Greece - 1.08%    
Aegean Airlines SA 1,678 4,685
Agricultural Bank of Greece SA (I) 50,620 50,860

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Greece (continued)    
Alapis Holding Industrial    
& Commercial SA 16,515 $ 5,846
Alpha Bank A.E. (I) 7,465 48,242
Athens Stock Exchange SA 7,482 65,708
Athens Water Supply and    
Sewage Company SA 2,538 19,125
Autohellas SA 2,895 7,729
Bank of Attica SA (I) 6,737 9,632
Bank of Greece SA 1,882 95,034
Diagnostic & Therapeutic Center of    
Athens Hygeia SA (I) 12,314 10,106
EFG Eurobank Ergasias SA (I) 6,902 42,975
Emporiki Bank SA (I) 250 506
Forthnet SA (I) 8,037 5,233
Fourlis SA 6,312 53,636
Frigoglass SA 4,848 77,690
GEK Group of Companies SA 5,812 23,214
Geniki Bank SA (I) 1,852 3,908
Greek Postal Savings Bank SA (I) 12,594 60,066
Halcor SA (I) 4,634 4,854
Hansard Global PLC 6,816 16,949
Hellenic Petroleum SA 3,846 40,112
Hellenic Technodomiki Tev SA 11,183 49,079
Intracom Holdings SA (I) 10,218 6,220
Intracom SA Technical &    
Steel Constructions SA (I) 3,610 5,053
Intralot SA-integrated Lottery Systems    
& Services 2,796 9,706
J&P-Avax SA 614 974
Lambrakis Press SA (I) 2,696 1,907
Loulis Mills SA 3,541 8,560
Marfin Investment Group SA (I) 72,043 79,560
Metka SA 3,097 42,103
Motor Oil Hellas Corinth Refineries SA 6,346 82,337
Mytilineos Holdings SA (I) 7,871 60,732
Nireus Aquaculture SA (I) 1,703 1,667
Piraeus Bank SA (I) 83,629 165,789
Piraeus Port Authority SA (I) 710 15,964
Sarantis SA 3,860 17,825
Sidenor Steel Products    
Manufacturing Company SA (I) 3,429 14,181
Terna Energy SA 4,140 20,074
Titan Cement Company SA 5,693 141,952
Viohalco SA (I) 6,216 36,057
 
    1,405,850
Hong Kong - 2.66%    
Allied Group, Ltd. 26,000 90,884
Allied Properties HK, Ltd. 358,000 73,771
Apac Resources, Ltd. (I) 500,000 29,942
Asia Satellite Telecom    
Holdings Company, Ltd. 2,500 4,668
Associated International Hotels, Ltd. (I) 44,000 95,709
Bonjour Holdings, Ltd. 208,000 35,243
Bright International Group, Ltd. (I) 446,000 14,617
C C Land Holdings, Ltd. 198,000 67,540
C Y Foundation Group, Ltd. (I) 300,000 4,512
Cafe de Coral Holdings, Ltd. 2,000 4,704
Champion Technology Holdings, Ltd. 528,328 11,147
Chen Hsong Holdings, Ltd. 10,000 5,586
Cheuk Nang Holdings, Ltd. 3,114 1,411
China Energy    
Development Holdings, Ltd. (I) 634,000 23,379
China Glass Holdings, Ltd. 30,000 26,190
China Metal International Holdings, Inc. 12,000 3,609

 

234

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
China Public Procurement, Ltd. (I) 232,000 $ 20,281
China Renji Medical Group, Ltd. (I) 1,332,000 10,274
China Sci-Tech Holdings, Ltd. (I) 2,210,240 63,322
China Solar Energy Holdings, Ltd. (I) 425,000 7,387
China WindPower Group, Ltd. (I) 440,000 47,073
China Yunnan Tin Minerals    
Group Company, Ltd. (I) 342,000 4,843
Chong Hing Bank, Ltd. 11,000 28,269
Chuang’s Consortium International, Ltd. 118,948 16,071
Citic 1616 Holdings, Ltd. 112,000 35,974
CK Life Sciences    
International Holdings, Inc. 42,000 2,858
CP Lotus, Corp. (I) 220,000 9,491
Cross-Harbour Holdings, Ltd. 18,000 15,976
Dickson Concepts International, Ltd. 35,000 26,091
DVN Holdings Company, Ltd. 112,000 6,932
EganaGoldpfeil Holdings, Ltd. (I) 103,373 0
Emperor Entertainment Hotel, Ltd. 80,000 14,779
Emperor International Holdings, Ltd. 177,333 34,913
Emperor Watch & Jewellery, Ltd. 140,000 16,761
eSun Holdings, Ltd. (I) 74,000 16,458
Eva Precision Industrial Holdings, Ltd. 76,000 55,629
Far East Consortium International, Ltd. 139,352 33,465
Fong’s Industries Company, Ltd. 38,000 24,156
Fubon Bank, Ltd. 38,000 25,153
G-Resources Group, Ltd. (I) 1,182,000 86,991
Get Nice Holdings, Ltd. 394,000 26,380
Giordano International, Ltd. 208,000 125,782
Global Green Tech Group, Ltd. (I) 97,920 1,979
Glorious Sun Enterprises, Ltd. 64,000 25,562
Golden Resorts Group, Ltd. (I) 356,000 47,523
Goldin Financial Holdings, Ltd. 210,000 18,913
Hang Fung Gold Technology, Ltd. (I) 90,000 0
Hannstar Board    
International Holdings, Ltd. (I) 50,000 5,921
Harbour Centre Development, Ltd. 46,000 66,727
HKR International, Ltd. 75,200 42,643
Hong Kong Ferry Holdings Company 29,000 26,678
Hong Kong Resources    
Holdings Company, Ltd. 164,000 14,578
Hongkong Chinese, Ltd. (I) 4,000 856
Hung Hing Printing Group, Ltd. 82,000 32,978
Huscoke Resources Holdings, Ltd. (I) 340,000 17,439
Hutchison Harbour Ring, Ltd. 186,000 22,439
I.T, Ltd. 100,601 68,127
Imagi International Holdings, Ltd. (I) 106,250 5,105
International Luk Fook Holdings, Ltd. 28,000 83,514
K Wah International Holdings, Ltd. 168,000 67,022
Kantone Holdings, Ltd. 409,334 5,905
King Stone Energy Group, Ltd. (I) 1,220,000 27,704
Kowloon Development Company, Ltd. 49,000 65,681
Le Saunda Holdings 18,000 8,560
Lee & Man Holding, Ltd. 60,000 69,307
Lippo China Resources, Ltd. 36,000 1,318
Liu Chong Hing Investment 16,000 22,152
Matsunichi    
Communication Holdings, Ltd. (I) 57,000 29,483
Media Chinese International, Ltd. 110,000 38,182
Melco International Development 102,000 69,533
Midland Holdings, Ltd. 48,000 37,495
Natural Beauty Bio-Technology, Ltd. 20,000 5,017
Neo-Neon Holdings, Ltd. 39,500 15,194
New Times Energy Corp., Ltd. (I) 526,000 10,096
NewOcean Energy Holdings, Ltd. 34,000 6,478
Norstar Founders Group, Ltd. (I) 244,000 22,899

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Pacific Andes International Holdings, Ltd. 140,686 $ 22,756
Pacific Century    
Premium Developments, Ltd. 85,000 16,482
Paliburg Holdings, Ltd. 50,000 19,978
Peace Mark Holdings, Ltd. (I) 164,000 0
Pearl Oriental Innovation, Ltd. (I) 155,000 28,190
Phoenix Satellite Television Holdings, Ltd. 28,000 11,511
Pico Far East Holdings, Ltd. 100,000 19,185
Playmates Holdings, Ltd. 31,800 11,718
Playmates Toys Ltd. (I) 15,900 532
Png Resources Holdings, Ltd. (I) 888,000 29,699
Polytec Asset Holdings, Ltd. 150,000 22,972
PYI Corp., Ltd. (I) 372,000 13,857
Regal Hotels International Holdings, Ltd. 56,000 25,389
SA SA International Holdings, Ltd. 116,000 59,131
SEA Holdings, Ltd. 4,000 2,578
Shui On Construction & Materials, Ltd. 22,000 29,486
Shun Tak Holdings, Ltd. 166,000 91,249
Sing Tao News Corp., Ltd. 114,000 36,925
Singamas Container Holdings, Ltd. (I) 158,000 65,890
Sino Prosper State Gold    
Resources Holdings Ltd. (I) 750,000 42,240
Sino-Tech International Holdings, Ltd. (I) 440,000 9,104
Skyfame Realty Holdings, Ltd. (I) 216,000 17,772
Smartone    
Telecommunications Holdings, Ltd. 78,000 129,206
Solomon Systech International, Ltd. 254,000 14,231
South China (china), Ltd. (I) 256,000 19,483
Sun Hung Kai & Company, Ltd. 13,000 10,518
Tack Fat Group International, Ltd. (I) 27,200 0
TAI Cheung Holdings, Ltd. 59,000 43,925
Taifook Securities Group, Ltd. 22,399 14,224
Texwinca Holdings, Ltd. 34,000 36,028
Theme International Holdings, Ltd. (I) 90,000 6,144
Titan Petrochemicals Group, Ltd. (I) 500,000 36,685
Transport International Holdings, Ltd. 19,200 59,297
United Power Investment, Ltd. (I) 784,000 19,772
Upbest Group, Ltd. 148,000 18,651
USI Holding Corp. 104,000 42,056
Victory City International Holdings, Ltd. 99,526 20,176
Vitasoy International Holdings, Ltd. 102,000 83,862
Vongroup, Ltd. (I) 210,000 1,761
VST Holdings Company, Ltd. (I) 96,000 28,664
Wah Nam International Holdings, Ltd. (I) 16,000 2,922
Wai Kee Holdings, Ltd. 68,000 14,816
Winteam Pharmaceutical Group, Ltd. (I) 106,000 18,782
Ygm Trading, Ltd. 11,000 21,660
Yugang International, Ltd. 312,000 3,096
 
    3,453,832
Ireland - 0.93%    
Aer Lingus (I) 15,850 16,100
Allied Irish Banks PLC -    
London Exchange (I) 83,104 22,251
C&C Group PLC 31,161 140,976
DCC PLC 6,369 203,035
FBD Holdings PLC 1,839 18,887
Glanbia PLC 11,290 67,966
Grafton Group PLC 18,960 89,188
Greencore Group PLC 13,532 22,615
IFG Group PLC 10,694 20,437
Independent News & Media PLC (I) 11,035 9,694
Irish Continental Group PLC 1,120 28,055
Irish Life & Permanent    
Group Holdings PLC (I) 28,472 16,461

 

235

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Ireland (continued)    
Kingspan Group PLC 10,256 $ 91,765
Paddy Power PLC 5,842 255,853
Smurfit Kappa Group PLC (I) 10,583 134,222
United Drug PLC 20,187 65,735
 
    1,203,240
Israel - 0.97%    
Africa Israel Investments, Ltd. (I) 3,727 32,281
Alvarion, Ltd. (I) 3,666 7,016
Clal Biotechnology Industries, Ltd. (I) 3,326 21,115
Clal Industries & Investments, Ltd. 6,262 47,052
Clal Insurance Enterprise Holdings, Ltd. 2,775 81,472
Delek Automotive Systems, Ltd. 2,309 28,300
First International Bank of Israel, Ltd. 3,533 55,249
Frutarom Industries, Ltd. 2,382 25,310
Gilat Satellite Networks, Ltd. (I) 900 4,822
Given Imaging, Ltd. (I) 307 5,915
Hadera Paper, Ltd. (I) 244 17,907
Harel Insurance Investments, Ltd. 621 38,909
Hot Telecommunication System, Ltd. (I) 648 11,841
Israel Discount Bank, Ltd. (I) 18,117 38,159
Ituran Location & Control, Ltd. 1,195 17,788
Jerusalem Oil Exploration (I) 255 5,307
Makhteshim-Agan Industries, Ltd. (I) 33,321 176,081
Menorah Mivtachim Holdings, Ltd. (I) 1,766 24,062
NICE Systems, Ltd., SADR (I) 4,972 183,666
Oil Refineries, Ltd. (I) 124,398 91,373
Ormat Industries, Ltd. 7,009 51,705
Osem Investments, Ltd. 2,428 40,895
Paz Oil Company, Ltd. 378 70,815
Rami Levi Chain Stores Hashikma    
Marketing 2006, Ltd. 711 26,421
Retalix, Ltd. (I) 404 5,801
Shikun & Binu, Ltd. 11,140 32,442
Strauss Group, Ltd. 2,935 47,911
Super-Sol, Ltd. 9,143 56,434
The Phoenix Holdings, Ltd. 2,821 10,093
 
    1,256,142
Italy - 3.14%    
ACEA SpA (I) 8,580 101,219
Aedes SpA (I) 75,645 19,491
Amplifon SpA 9,264 56,288
Ansaldo STS SpA 6,562 96,156
Astaldi SpA 4,499 37,157
Azimut Holding SpA 15,042 168,060
Banca Generali SpA (I) 1,570 23,903
Banca Popolare Dell’emilia    
Romagna SCRL 1,813 21,844
Banca Popolare dell’Etruria e del    
Lazio SpA (I) 7,181 31,250
Banca Popolare di Milano SpA (L) 31,554 118,644
Banca Popolare di Sondrio SCRL 6,798 57,807
Benetton Group SpA (I) 6,037 45,293
Biesse Spabiesse SpA (I) 3,189 33,021
Brembo SpA 2,573 31,706
Bulgari SpA (L) 15,853 274,666
Buongiorno SpA (I) 6,447 12,203
Buzzi Unicem SpA 4,611 67,139
Caltagirone SpA 2,499 7,222
Cementir SpA 9,230 27,549
CIR-Compagnie Industriali    
Riunite SpA (I) 62,501 140,411
Credito Artigiano SpA 7,592 15,147
Credito Emiliano SpA 9,474 62,188

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Italy (continued)    
Danieli & C Officine Meccaniche SpA 2,311 $ 70,177
DeA Capital SpA (I) 4,665 10,250
DiaSorin SpA 3,279 144,290
Digital Multimedia Technologies SpA (I) 1,816 56,187
Engineering Ingegneria Informatica SpA 449 14,758
ERG SpA 7,480 106,282
Esprinet SpA 3,554 30,684
Eurotech SpA (I) 1,562 5,093
Fondiaria-Sai SpA (L) 4,848 40,233
Gemina SpA (I) 54,600 50,544
Geox SpA 8,390 52,804
Gruppo Coin SpA (I) 6,995 69,105
Gruppo Editoriale L’Espresso SpA (I) 35,685 97,406
Hera SpA 59,429 142,244
Immsi SpA (L) 24,591 29,223
Impregilo SpA (I) 36,254 121,013
Interpump SpA 6,839 58,020
Iren SpA 34,401 64,038
Italcementi SpA (L) 5,020 51,315
Italmobiliare SpA 827 33,237
Juventus Football Club SpA (I) 4,630 5,329
KME Group SpA 27,631 13,775
Landi Renzo Spa (I) 3,939 13,906
Lottomatica SpA (L) 5,738 103,447
Maire Tecnimont SpA 12,753 52,471
Marr SpA 4,504 55,406
Milano Assicurazioni SpA (L)(I) 24,455 31,623
Mondadori (Arnoldo) Editore SpA (I) 12,613 49,224
Piaggio & C SpA 17,916 61,162
Piccolo Credito Valtellinese SCRL 22,689 108,578
Prelios SpA (I) 44,428 34,647
Premafin Finanziaria SpA (I)(L) 12,050 9,516
Recordati SpA 14,439 145,184
Risanamento SpA (I) 20,386 7,480
Safilo Group SpA (I) 1,868 33,528
Saras SpA (I) 17,735 45,944
Save SpA (I) 841 8,962
Seat Pagine Gialle SpA (I) 131,159 12,911
Snai SpA (I) 7,046 24,461
Societa Iniziative Autostradali e    
Servizi SpA 5,263 61,568
Societa’ Cattolica di Assicurazioni SCRL 4,549 123,036
Sol SpA 2,802 22,132
Sorin SpA (I) 38,164 106,623
Telecom Italia Media SpA (I) 95,662 25,078
Tod’s SpA 1,222 144,140
Trevi Finanziaria SpA 2,230 29,870
Unipol Gruppo Finanziario SpA, ADR 61,265 44,119
Vittoria Assicurazioni SpA (I) 2,112 12,007
 
    4,081,394
Japan - 20.78%    
Accordia Golf Company, Ltd. 79 55,750
Achilles Corp. 18,000 26,833
Adeka Corp. 8,700 84,824
Advan Company, Ltd. 1,800 14,867
Aeon Delight Company, Ltd. 2,100 35,093
Aeon Fantasy Co., Ltd. 1,600 16,081
Ahresty Corp. 2,300 19,107
AI Holdings Corp. 3,400 13,898
Aica Kogyo Company, Ltd. 5,300 68,847
Aichi Bank, Ltd. 900 56,047
Aichi Corp. 3,200 14,465
Aichi Machine Industry Company, Ltd. 8,000 28,661
Aichi Steel Corp. 10,000 60,471

 

236

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Aida Engineering, Ltd. 7,500 $ 33,722
Aiphone Company, Ltd. 1,300 21,660
Airport Facilities Company, Ltd. 2,900 12,551
Aisan Industry Company, Ltd. 2,500 25,667
Akebono Brake    
Industry Company, Ltd. (L) 4,200 21,409
Akita Bank, Ltd. 15,000 48,078
Alpen Company, Ltd. 1,700 29,308
Alpha Systems, Inc. 700 11,039
Alpine Electronics, Inc. 3,300 37,015
Amano Corp. 6,700 64,197
Amiyaki Tei Company., Ltd. 5 16,071
Ando Corp. 10,000 15,057
Anritsu Corp. 10,000 76,100
AOC Holdings, Inc. (I) 4,400 29,517
AOKI Holdings, Inc. 2,000 32,109
Aomori Bank, Ltd. 24,000 73,575
Aoyama Trading Company, Ltd. 5,100 80,721
Arakawa Chemical Industries, Ltd. 1,900 18,584
Arc Land Sakamoto Company, Ltd. (I) 1,200 14,202
Arcs Company, Ltd. 3,500 52,384
Ariake Japan Company, Ltd. 1,900 31,339
Arisawa Manufacturing Company, Ltd. 3,300 17,734
Arnest One Corp. 3,000 29,935
AS ONE CORP. 1,400 29,185
Asahi Company, Ltd. (I) 1,500 26,689
Asahi Diamond Industrial Company, Ltd. 5,000 95,937
Asahi Holdings, Inc. 2,500 50,854
Asahi Organic Chemicals    
Industry Company, Ltd. 6,000 16,663
ASATSU-DK, Inc. 2,300 61,606
ASKA Pharmaceutical Company, Ltd. 3,000 26,383
ASKUL Corp. 2,100 29,789
Atom Corp. (I)(L) 14,100 41,197
Atsugi Company, Ltd. 19,000 23,756
Autobacs Seven Company, Ltd. 700 26,593
Avex Group Holdings, Inc. 3,400 41,447
Bando Chemical Industries, Ltd. 8,000 36,739
Bank of Iwate, Ltd. 1,400 55,087
Bank of Nagoya, Ltd. 17,000 54,773
Bank of Okinawa, Ltd. 2,100 84,944
Bank of Saga, Ltd. 15,000 42,198
Bank of the Ryukyus, Ltd. 4,800 54,089
Belc Company, Ltd. 1,400 15,888
BIC Camera, Inc. 33 13,135
BML, Inc. 1,400 39,418
Bookoff Corp. 1,700 12,202
BSL Corp. (I) 600 902
Bunka Shutter Company, Ltd. 5,000 15,204
CAC Corp. 1,500 12,328
Calsonic Kansei Corp. (I) 10,000 39,673
Can Do Company, Ltd. (L) 16 14,100
Canon Electronics, Inc. 1,700 45,954
Capcom Company, Ltd. 4,700 89,841
Cawachi, Ltd. 2,000 37,658
Central Glass Company, Ltd. 19,000 76,521
Chi Group Company, Ltd. (I) 2,700 7,953
Chino Corp. 2,000 4,922
Chiyoda Company, Ltd. 2,600 32,914
Chiyoda Integre Company, Ltd. (I) 1,400 19,987
Chofu Seisakusho Company, Ltd. 2,100 52,639
Chori Company, Ltd. 17,000 20,233
Chubu Shiryo Company, Ltd. 2,000 15,319
Chudenko Corp. 2,600 32,738
Chuetsu Pulp & Paper Company, Ltd. 10,000 17,922

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Chugai Mining Company, Ltd. (I) 34,900 $ 13,390
Chugai Ro Company, Ltd. 5,000 22,181
Chugoku Marine Paints, Ltd. 6,000 50,277
Chukyo Bank, Ltd. 9,000 21,748
Chuo Denki Kogyo Company, Ltd. 2,200 10,897
Circle K Sunkus Company, Ltd. 5,500 83,116
CKD Corp. 5,400 54,078
Clarion Company, Ltd. (I) 5,000 8,128
Cleanup Corp. 2,100 13,928
CMK Corp. (I) 5,400 23,631
Coca-Cola Central Japan Company, Ltd. 1,400 19,003
Cocokara Fine Holdings, Inc. 1,540 32,455
Colowide Company, Ltd. 3,500 18,134
COMSYS Holdings Corp. 200 2,017
Corona Corp. 1,600 15,873
Cosel Company, Ltd. 1,200 18,507
Cosmos Pharmaceutical Corp. 600 24,994
CSK Corp. (I)(L) 9,500 28,895
Cybozu, Inc. 48 10,266
D.G. Roland Corp. 1,400 19,935
Dai Nippon Toryo Company, Ltd. 12,000 16,013
Dai-Dan Company, Ltd. 2,000 12,239
Daibiru Corp. 5,200 45,011
Daido Metal Company, Ltd. 4,000 32,460
Daidoh, Ltd. 2,000 19,147
Daiei, Inc. (I) 5,650 21,668
Daifuku Company, Ltd. 6,500 47,199
Daihen Corp. 8,000 33,566
Daiichi Chuo Kisen Kaisha, Ltd. (I) 8,000 15,869
Daiichi Jitsugyo Company, Ltd. 4,000 15,784
Daiichi Kigenso Kagaku-    
Kogyo Company, Ltd. 400 15,071
Daiken Corp. 9,000 33,015
Daikoku Denki Company, Ltd. 800 9,492
Daikyo, Inc. (I)(L) 19,000 29,466
Dainichiseika Color & Chemicals    
Manufacturing Company, Ltd. 7,000 33,662
Daio Paper Corp. 7,000 53,691
Daisan Bank, Ltd. 17,000 43,941
Daiseki Company, Ltd. (L) 2,900 56,619
Daishi Bank, Ltd. 27,000 88,371
Daiso Company, Ltd. 7,000 23,664
Daisyo Corp. 1,300 15,316
Daiwa Industries, Ltd. 4,000 20,711
Daiwabo Holdings Company, Ltd. 17,000 34,885
DCM Japan Holdings Company, Ltd. 7,700 46,562
Denki Kogyo Company, Ltd. 7,000 37,795
Denyo Company, Ltd. 1,700 25,109
Descente, Ltd. 4,000 17,972
Doshisha Company, Ltd. 1,200 23,847
Doutor Nichires Holdings Company, Ltd. 2,900 35,038
Dr. Ci:Labo Company, Ltd. (I) 21 77,237
DTS Corp. 1,700 16,861
Duskin Company, Ltd. 6,000 110,785
Dwango Company, Ltd. 12 30,060
Dydo Drinco, Inc. 1,200 46,670
Eagle Industry Company, Ltd. 2,000 20,849
Earth Chemical Company, Ltd. 1,600 53,532
EDION Corp. 6,100 51,316
Ehime Bank, Ltd. 18,000 50,396
Eighteenth Bank, Ltd. 20,000 55,542
Eiken Chemical Company, Ltd. 1,400 16,147
Eizo Nanao Corp. 1,500 35,232
Elematec Corp. 2,000 26,857
Enplas Corp. 1,200 15,783

 

237

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
EPS Company, Ltd. 14 $ 32,536
Espec Corp. 1,600 13,330
F&A Aqua Holdings, Inc. 2,400 20,642
Fancl Corp. 2,600 36,415
FCC Company, Ltd. 2,800 66,745
FDK Corp. (I) 9,000 14,499
Felissimo Corp. 900 10,464
Foster Electric Company, Ltd. 2,100 48,120
FP Corp. 1,600 84,743
France Bed Holdings Company, Ltd. 11,000 13,686
Fuji Company, Ltd. 2,100 41,000
Fuji Corp., Ltd. 100 452
Fuji Electronics Company, Ltd. 1,800 27,569
Fuji Kyuko Company, Ltd. 5,000 25,479
Fuji Oil Company, Ltd. 6,700 87,798
Fuji Seal International, Inc. 1,700 35,042
Fuji Software ABC, Inc. 1,800 28,719
Fujibo Holdings, Inc. 7,000 14,234
Fujicco Company, Ltd. 2,000 24,669
Fujikura Kasei Company, Ltd. 2,000 12,599
Fujimi, Inc. 1,200 16,619
Fujimori Kogyo Company, Ltd. 1,600 23,640
Fujita Kanko, Inc. 7,000 26,677
Fujitec Company, Ltd. 5,000 26,509
Fujitsu General, Ltd. 6,000 30,440
Fujiya Company, Ltd. (I) 6,000 9,954
Fukui Bank, Ltd. 23,000 71,515
Fukushima Bank, Ltd. (I) 21,000 12,115
Funai Consulting Company, Ltd. 3,300 21,027
Funai Electric Company, Ltd. (L) 2,600 76,816
Furukawa Company, Ltd. (I) 27,000 27,915
Furukawa-Sky Aluminum Corp. 9,000 26,184
Fuso Pharmaceutical Industries, Ltd. 5,000 14,747
Futaba Corp. 2,900 55,748
Futaba Industrial Company, Ltd. (I) 3,400 18,930
Future System Consulting Corp. 2 797
Fuyo General Lease Company, Ltd. 1,700 49,754
Gakken Company, Ltd. 7,000 14,245
Geo Corp. 41 46,038
GLOBERIDE, Inc. 10,000 11,344
GMO Internet, Inc. 3,800 17,227
Godo Steel, Ltd. 16,000 40,010
Goldcrest Company, Ltd. 2,190 42,968
Goldwin, Inc. 6,000 16,663
Green Hospital Supply, Inc. 2,600 32,727
Gulliver International Company, Ltd. 550 20,827
Gun-Ei Chemical Industry Company, Ltd. 4,000 11,122
Gunze, Ltd. 13,000 47,199
H20 Retailing Corp. 8,000 54,148
Hakuto Company, Ltd. 1,300 13,644
Hamakyorex Company, Ltd. 500 14,457
Hanwa Company, Ltd. 14,000 61,938
Harashin Narus Holdings Company, Ltd. 1,300 20,442
Harima Chemicals Inc. 2,000 14,344
Heiwa Real Estate Company, Ltd. 17,500 40,394
Heiwado Company, Ltd. 2,000 25,319
Hibiya Engineering, Ltd. 2,400 23,544
Hiday Hidaka Corp. 1,100 15,906
Higashi-Nippon Bank, Ltd. 17,000 36,788
Higo Bank, Ltd. 20,000 111,565
Hikari Tsushin, Inc. 1,900 37,141
Hioki Ee Corp. 500 9,856
HIS Company, Ltd. 1,800 36,534
Hisaka Works, Ltd. 2,000 24,092
Hitachi Cable, Ltd. 21,000 54,027

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Hitachi Koki Company, Ltd. 5,700 $ 54,752
Hitachi Kokusai Electric, Inc. 3,000 23,768
Hitachi Medical Corp. 2,000 24,140
Hitachi Tool Engineering, Ltd. 2,200 23,818
Hitachi Zosen Corp. (L) 47,000 66,110
Hochiki Corp. 3,000 15,231
Hodogaya Chemical Company, Ltd. 7,000 24,413
Hogy Medical Company, Ltd. 1,200 51,359
Hokkaido Gas Company, Ltd. 3,000 9,265
Hokkan Holdings, Ltd. 5,000 17,538
Hokuetsu Bank, Ltd. 21,000 47,968
Hokuetsu Paper Mills, Ltd. 14,000 75,129
Hokuto Corp. 1,600 36,047
Honeys Company, Ltd. 1,350 14,228
Horiba, Ltd. 2,500 72,562
Hosiden Corp. 6,500 66,032
Hosokawa Micron Corp. 3,000 13,626
Howa Machinery, Ltd. (I) 19,000 20,237
Hyakujushi Bank, Ltd. 24,000 90,310
IBJ Leasing Company, Ltd. 1,900 45,684
Ichibanya Company, Ltd. 600 17,012
Ichikoh Industries, Ltd. (I) 4,000 9,202
Ichiyoshi Securities Company, Ltd. 4,000 27,170
ICOM, Inc. 1,000 29,226
IDEC Corp. 2,500 25,337
Ihara Chemical Industry Company, Ltd. 5,000 16,758
Iino Kaiun Kaisha, Ltd. 5,200 28,082
Ikegami Tsushinki Company, Ltd. (I) 12,000 11,686
Imasen Electric Industrial 1,700 23,503
Imperial Hotel, Ltd. 900 22,397
Inaba Denki Sangyo Company, Ltd. 1,600 45,253
Inaba Seisakusho Company, Ltd. 1,300 14,385
Inabata & Company, Ltd. 5,100 31,270
Inageya Company, Ltd. 5,000 52,360
Ines Corp. 2,700 18,631
Intage, Inc. 800 17,059
Internet Initiative Japan, Inc. 12 35,436
Inui Steamship Company, Ltd. 2,500 14,907
Iseki & Company, Ltd. (I)(L) 12,000 27,356
Ishihara Sangyo Kaisha, Ltd. (I) 32,000 38,471
IT Holdings Corp. 6,500 67,985
ITC Networks Corp. 3,200 17,979
Itochu Enex Company, Ltd. 5,900 33,763
Itochu-Shokuhin Company, Ltd. 600 20,095
Itoham Foods, Inc. 12,000 42,553
Iwatani International Corp. 11,000 36,373
Izumiya Company, Ltd. 9,000 40,034
J-Oil Mills, Inc. 9,000 25,210
Jalux, Inc. 1,400 13,717
Japan Aviation Electronics Industry, Ltd. 4,000 27,795
Japan Cash Machine Company, Ltd. 2,000 16,951
Japan Digital Laboratory Company, Ltd. 2,200 25,946
Japan Pulp & Paper Company, Ltd. 6,000 22,578
Japan Pure Chemical Company, Ltd. 4 11,493
Japan Transcity Corp., Ltd. 5,000 17,768
Japan Wool Textile Company, Ltd. 8,000 67,410
Jastec Company, Ltd. 400 2,304
JBCC Holdings, Inc. 1,900 11,921
Jeol, Ltd. 6,000 17,456
JFE Shoji Holdings, Inc. 11,000 47,740
JMS Company, Ltd. 1,000 3,317
Joban Kosan Company, Ltd. (I) 10,000 9,579
Joshin Denki Company, Ltd. 3,000 28,754
JSP Corp. 2,600 47,980
Juki Corp. (I) 10,000 22,137

 

238

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
JVC KENWOOD Holdings, Ltd. (I) 9,070 $ 43,536
kabu.com Securities Company, Ltd. 5,800 19,803
Kadokawa Holdings, Inc. 2,000 45,756
Kaga Electronics Company, Ltd. 2,700 31,778
Kaken Pharmaceutical Company, Ltd. 6,000 71,700
Kameda Seika Company, Ltd. 1,800 30,079
Kamei Corp. 4,000 16,350
Kanamoto Company, Ltd. 3,000 22,823
Kandenko Company, Ltd. 7,000 39,010
Kanematsu Corp. (I) 40,000 39,913
Kanematsu Electronics, Ltd. 2,300 22,680
Kanto Auto Works, Ltd. 2,900 20,256
Kanto Denka Kogyo Company, Ltd. 4,000 29,719
Kanto Natural Gas Development, Ltd. 3,000 20,044
Kanto Tsukuba Bank, Ltd. (I) 5,700 17,097
Kappa Create Company, Ltd. 1,200 22,621
Kasumi Company, Ltd. 4,200 22,621
Katakura Industries Company, Ltd. 2,100 19,919
Kato Sangyo Company, Ltd. 3,300 56,931
Kawai Musical Instruments    
Manufacturing Company, Ltd. 6,000 12,407
Keiyo Company, Ltd. (L) 3,600 18,610
Kenedix, Inc. (I) 152 30,736
KEY Coffee, Inc. 1,800 31,429
Kimoto Company, Ltd. 1,500 10,954
Kimura Chemical Plants Company, Ltd. 1,600 9,252
Kinki Sharyo Company, Ltd. 3,000 13,056
Kintetsu World Express, Inc. 1,300 40,412
Kinugawa Rubber    
Industrial Company, Ltd. 6,000 29,574
Kisoji Company, Ltd. 2,000 40,563
Kissei Pharmaceutical Company, Ltd. 3,000 56,264
Kita-Nippon Bank, Ltd. 700 17,149
Kitz Corp. 10,000 48,088
Kiyo Holdings, Inc. 53,000 73,912
Koa Corp. 3,300 37,134
Koatsu Gas Kogyo Company, Ltd. 3,000 17,751
Kohnan Shoji Company, Ltd. 2,800 37,310
Kohsoku Corp. 1,800 14,629
Kojima Company, Ltd. 3,100 18,655
Kokuyo Company, Ltd. 8,300 62,998
Komatsu Seiren Company, Ltd. 2,000 8,859
Komatsu Wall Industry Company, Ltd. 1,000 9,978
Komeri Company, Ltd. 1,800 45,768
Komori Corp. 6,300 58,698
Konishi Company, Ltd. 1,700 24,690
Kose Corp. 1,500 37,031
Kourakuen Corp. (L) 1,200 15,581
KRS Corp. 900 9,165
Kumagai Gumi Company, Ltd. (I) 17,000 19,972
Kumiai Chemical Industry Company, Ltd. 4,000 11,830
Kura Corp. 800 11,543
Kurabo Industries, Ltd. 22,000 39,744
Kureha Corp. 14,000 64,964
Kurimoto, Ltd. 10,000 21,159
Kuroda Electric Company, Ltd. 3,100 38,573
Kyodo Printing Company, Ltd. 8,000 18,025
Kyodo Shiryo Company, Ltd. 8,000 9,304
Kyoei Steel, Ltd. 1,100 19,374
Kyokuto Securities Company, Ltd. 3,000 21,099
Kyokuyo Company, Ltd. 9,000 19,043
Kyorin Company, Ltd. 4,000 68,093
Kyoritsu Maintenance Company, Ltd. 1,200 16,977
Kyosan Electric    
Manufacturing Company, Ltd. 6,000 31,883

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Kyowa Exeo Corp. 6,700 $ 66,985
Kyudenko Corp. 4,000 25,345
Laox Company, Ltd. (I) 21,000 12,371
Lec, Inc. 700 10,995
Leopalace21 Corp. (I)(L) 15,500 20,311
Life Corp. 3,800 56,369
Macnica, Inc. 1,300 32,086
Maeda Corp. 10,000 32,635
Maeda Road Construction Company, Ltd. 5,000 51,274
Maezawa Kasei Industries Company, Ltd. 1,100 11,121
Maezawa Kyuso Industries Company, Ltd. 1,500 20,955
Makino Milling Machine Company, Ltd. 8,000 67,901
Mandom Corp. 1,400 34,150
Mars Engineering Corp. 700 11,709
Marubun Corp. 3,300 16,623
Marudai Food Company, Ltd. 12,000 37,349
Maruetsu, Inc. 6,000 22,000
Maruha Group, Inc. 27,385 39,709
Marusan Securities Company, Ltd. 7,800 38,072
Maruwa Company, Ltd. 1,100 35,640
Maruzen Showa Unyu Company, Ltd. 6,000 20,991
Maspro Denkoh Corp. 1,600 15,895
Matsuda Sangyo Company, Ltd. 1,400 21,291
Matsuya Company, Ltd. (I) 2,800 15,283
Matsuya Foods Company, Ltd. 700 12,719
Max Company, Ltd. 5,000 61,092
Maxvalu Tokai Company, Ltd. 1,400 17,342
Megachips Corp. 1,800 32,113
Megane Top Company, Ltd. 2,400 22,592
Megmilk Snow Brand Company, Ltd. 4,800 73,460
Meidensha Corp. (L) 17,000 75,619
Meiji Shipping Company, Ltd. 3,100 11,400
Meiko Network Japan Company, Ltd. 3,100 25,629
Meitec Corp. 3,100 62,015
Meito Sangyo Company, Ltd. 900 11,512
Meiwa Estate Company, Ltd. 2,300 12,913
Melco Holdings, Inc. 1,200 38,779
Michinoku Bank, Ltd. 14,000 26,761
Mikuni Coca-Cola Bottling Company, Ltd. 3,300 29,240
Milbon Company, Ltd. 880 24,172
Mimasu Semiconductor    
Industry Company, Ltd. 1,400 15,030
Minato Bank, Ltd. 16,000 28,661
Ministop Company, Ltd. 1,800 29,101
Mirait Holdings Corp. 5,440 44,014
Misawa Homes Company, Ltd. (I) 3,600 22,342
Mitsuba Corp. 4,000 32,796
Mitsubishi Kakoki Kaisha, Ltd. 7,000 15,989
Mitsubishi Paper Mills, Ltd. (I) 37,000 39,144
Mitsubishi Pencil Company, Ltd. 2,500 39,538
Mitsubishi Steel    
Manufacturing Company, Ltd. 16,000 51,743
Mitsuboshi Belting Company, Ltd. 6,000 32,820
Mitsui High-Tec, Inc. 2,200 11,637
Mitsui Home Company, Ltd. 3,000 16,283
Mitsui Knowledge Industry Company, Ltd. 90 13,319
Mitsui Matsushima Company, Ltd. 10,000 23,323
Mitsui Mining Company, Ltd. 18,000 35,922
Mitsui Sugar Company, Ltd. 8,000 33,566
Mitsui-Soko Company, Ltd. 9,000 35,057
Mitsuuroko Company, Ltd. 3,200 20,274
Miura Company, Ltd. 2,600 77,988
Miyazaki Bank, Ltd. 14,000 33,494
Miyoshi Oil & Fat Company, Ltd. 9,000 12,968
Mizuho Investors Securities Company, Ltd. 31,000 28,697

 

239

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Mizuno Corp. 7,000 $ 29,547
Mochida Pharmaceutical Company, Ltd. 7,000 82,206
Modec, Inc. 1,100 20,061
Monex Group, Inc. 78 18,192
Mori Seiki Company, Ltd. 7,900 94,310
Morinaga & Company, Ltd. 14,000 32,315
Morinaga Milk Industry Company, Ltd. 14,000 49,498
Morita Corp. 3,000 19,382
MOS Food Services, Inc. 1,800 32,823
Moshi Moshi Hotline, Inc. 2,200 41,075
Mr. Max Corp. 3,200 11,412
Musashi Seimitsu Industry Company, Ltd. 2,400 57,071
Musashino Bank, Ltd. 3,800 123,164
Nachi-Fujikoshi Corp. 11,000 62,419
Nagaileben Company, Ltd. 900 22,095
Nagano Bank, Ltd. 8,000 17,985
Nagatanien Company, Ltd. 2,000 20,785
Nakamuraya Company, Ltd. 3,000 14,867
Nakayama Steel Works, Ltd. (I) 11,000 15,079
NEC Fielding, Ltd. 1,200 13,864
NEC Leasing, Ltd. 800 13,119
NEC Mobiling, Ltd. 700 21,401
NEC Networks &    
System Integration Corp. 2,700 34,310
Net One Systems Company, Ltd. 44 65,910
Neturen Company, Ltd. 3,800 33,304
New Tachikawa Aircraft Company, Ltd. 500 23,183
Nice Corp. 6,000 15,400
Nichias Corp. 7,000 43,341
Nichicon Corp. 4,600 65,035
Nichiden Corp. 700 20,786
Nichiha Corp. 2,400 22,757
Nichii Gakkan Company, Ltd. 5,000 39,312
NICHIREI Corp. 18,000 76,821
Nichireki Company, Ltd. 3,000 14,803
Nidec Copal Corp. 1,200 14,356
Nidec Tosok Corp. 3,000 26,419
Nifco, Inc. 4,700 111,788
Nihon Chouzai Company, Ltd. 710 23,900
Nihon Dempa Kogyo Company, Ltd. 1,800 28,226
Nihon Kagaku Sangyo Company, Ltd. 1,000 8,414
Nihon Kohden Corp. 3,600 78,027
Nihon M&A Center, Inc. (I) 4 21,135
Nihon Nohyaku Company, Ltd. 4,000 18,098
Nihon Parkerizing Company, Ltd. 4,000 55,157
Nihon Shokuhin Kako Company, Ltd. 2,000 10,316
Nihon Unisys, Ltd. 5,100 33,477
Nihon Yamamura Glass Company, Ltd. 10,000 28,252
Nikkiso Company, Ltd. 6,000 50,219
Nippo Corp. 5,000 40,071
Nippon Beet Sugar    
Manufacturing Company, Ltd. 15,000 33,542
Nippon Carbon Company, Ltd. 12,000 28,709
Nippon Ceramic Company, Ltd. 2,100 42,894
Nippon Chemi-Con Corp. 11,000 55,013
Nippon Chemical Industrial Company, Ltd. 7,000 15,989
Nippon Denko Company, Ltd. 4,000 23,808
Nippon Densetsu Kogyo Company, Ltd. 5,000 53,128
Nippon Fine Chemical Company, Ltd. 1,800 11,404
Nippon Flour Mills Company, Ltd. 13,000 58,911
Nippon Formula Feed    
Manufacturing Company, Ltd. (I) 11,000 12,960
Nippon Gas Company, Ltd. 3,000 40,447
Nippon Kanzai Company, Ltd. 800 13,830
Nippon Kasei Chemical Company, Ltd. 9,000 18,718

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Nippon Koei Company, Ltd. 8,000 $ 28,949
Nippon Konpo Unyu Soko Company, Ltd. 6,000 67,011
Nippon Koshuha Steel Company, Ltd. 8,000 9,918
Nippon Light Metal Company, Ltd. 43,000 84,780
Nippon Metal Industry Company, Ltd. (I) 10,000 11,421
Nippon Road Company, Ltd. 7,000 23,058
Nippon Seiki Company, Ltd. 4,000 48,040
Nippon Sharyo, Ltd. 8,000 36,451
Nippon Shinyaku Company, Ltd. 4,000 51,310
Nippon Signal Company, Ltd. 2,700 20,334
Nippon Soda Company, Ltd. 16,000 65,977
Nippon Suisan Kaisha, Ltd. 15,600 43,323
Nippon Synthetic Chemical    
Industry Company, Ltd. 3,000 18,502
Nippon System    
Development Company, Ltd. 3,100 30,933
Nippon Thompson Company, Ltd. 8,000 62,955
Nippon Valqua Industries, Ltd. 8,000 22,505
Nippon Yakin Kogyo Company, Ltd. (I)(L) 11,000 24,862
Nipro Corp. 3,400 66,918
Nishimatsu Construction Company, Ltd. 29,000 46,021
Nishimatsuya Chain Company, Ltd. 5,100 41,264
Nissan Shatai Company, Ltd. 9,000 66,975
Nissen Holdings Company, Ltd. 3,100 19,192
Nisshin Fudosan Company, Ltd. 2,900 15,271
Nisshin Oillio Group, Ltd. 13,000 61,421
Nissin Corp. 8,000 21,544
Nissin Electric Company, Ltd. 2,000 16,566
Nissin Kogyo Company, Ltd. 2,100 35,855
Nissui Pharmaceutical Company, Ltd. 1,600 13,488
Nitta Corp. 2,300 41,338
Nittan Valve Company, Ltd. 1,200 4,432
Nittetsu Mining Company, Ltd. 6,000 30,079
Nitto Boseki Company, Ltd. (I) 22,000 51,575
Nitto Kogyo Corp. 3,400 38,815
Nitto Kohki Company, Ltd. 1,000 25,098
Noevir Holdings Company, Ltd. (I) 1,600 17,850
NOF Corp. 16,000 73,094
Nohmi Bosai, Ltd. 2,000 12,720
Noritake Company, Ltd. 12,000 50,361
Noritsu Koki Company, Ltd. (I) 2,700 16,098
Noritz Corp. 900 15,905
NS Solutions Corp. 1,500 28,383
Obara Corp. 1,400 17,390
OBIC Business Consultants, Ltd. 900 54,803
Oenon Holdings, Inc. 8,000 18,149
Ogaki Kyoritsu Bank, Ltd. 27,000 88,290
Oiles Corp. 2,400 46,188
Oita Bank, Ltd. 12,000 40,683
Okabe Company, Ltd. 5,700 32,441
Okamoto Industries, Inc. 7,000 25,356
Okamoto Machine Tool Works, Ltd. (I) 7,000 10,688
Okamura Corp. 7,000 39,384
Okasan Holdings, Inc. 15,000 56,985
Oki Electric Industry Company, Ltd. (I) 55,000 43,640
Okinawa Electric Power Company, Inc. 1,900 86,454
OKK Corp. (I) 10,000 13,075
OKUMA Corp. 13,000 106,432
Okumura Corp. 12,000 50,240
Okura Industrial Company, Ltd. 4,000 12,708
Okuwa Company, Ltd. 3,000 30,855
OMC Card, Inc. (I) 10,200 19,007
Onoken Company, Ltd. 1,900 17,702
Onward Kashiyama Company, Ltd. 11,000 81,726
Optex Company, Ltd. 1,200 17,052

 

240

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Organo Corp. 3,000 $ 21,640
Origin Electric Company, Ltd. 3,000 17,276
Osaka Steel Company, Ltd. 1,400 25,583
Osaki Electric Company, Ltd. (L) 3,000 27,519
OSG Corp. 7,600 109,642
Oyo Corp. 2,700 26,330
Pacific Golf Group International    
Holdings KK 30 16,410
Pacific Industrial Company, Ltd. 5,000 25,126
Pal Company, Ltd. 950 28,324
PanaHome Corp. 7,000 45,285
Panasonic Electric Works Information    
Systems Company, Ltd. 1,000 24,805
Paramount Bed Company, Ltd. 1,100 29,899
Parco Company, Ltd. 5,400 53,043
Paris Miki, Inc. 1,100 11,254
Pasco Corp. 5,000 18,935
Pasona Group, Inc. 22 18,594
Penta-Ocean Construction Company, Ltd. 28,500 70,740
Pigeon Corp. 1,000 30,994
Pilot Corp. 16 29,411
Piolax, Inc. 1,300 31,258
Plenus Company, Ltd. 2,400 36,206
Point, Inc. 910 38,072
Press Kogyo Company, Ltd. 13,000 55,170
Prima Meat Packers, Ltd. 16,000 19,428
Pronexus, Inc. 2,900 14,275
Rasa Industries, Ltd. (I) 10,000 15,177
Resorttrust, Inc. 2,100 28,579
Rhythm Watch Company, Ltd. 12,000 18,033
Ricoh Leasing Company, Ltd. 2,300 56,076
Riken Corp. 9,000 37,437
Riken Keiki Company, Ltd. 1,300 10,846
Riken Technos Corp. 3,000 9,377
Riken Vitamin Company, Ltd. 1,200 30,044
Ringer Hut Company, Ltd. 1,700 20,845
Riso Kyoiku Company, Ltd. (I) 361 17,772
Rock Field Company, Ltd. 1,000 16,273
Roland Corp. 2,500 29,604
Round One Corp. 3,800 17,444
Royal Holdings Company, Ltd. 3,000 29,538
Ryobi, Ltd. 9,000 36,030
Ryoden Trading Company, Ltd. 4,000 26,304
Ryohin Keikaku Company, Ltd. 1,700 68,880
Ryosan Company, Ltd. 3,600 86,145
Ryoshoku, Ltd. 800 16,793
Ryoyo Electro Corp. 2,600 26,660
S Foods, Inc. 500 4,173
Saibu Gas Company, Ltd. 19,000 46,840
Saizeriya Company, Ltd. 3,000 45,567
Sakai Chemical Industry Company, Ltd. 9,000 43,196
Sakata INX Corp. 6,000 28,348
Sakata Seed Corp. 2,900 42,314
Sala Corp. 1,500 6,997
San-A Company, Ltd. 700 27,308
San-Ai Oil Company, Ltd. 5,000 26,689
Sanden Corp. 8,000 33,566
Sanei-International Company, Ltd. 1,800 21,180
Sangetsu Company, Ltd. 3,500 80,461
Sankei Building Company, Ltd. 3,700 21,885
Sanken Electric Company, Ltd. 12,000 70,690
Sanki Engineering Company, Ltd. 6,000 37,437
Sanko Marketing Foods Company, Ltd. 18 15,448
Sankyo Seiko Company, Ltd. 3,200 10,926
Sankyo-Tateyama Holdings, Inc. (I) 22,000 35,364

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Sankyu, Inc. 8,000 $ 38,278
Sanoh Industrial Company, Ltd. 2,600 21,389
Sanshin Electronics Company, Ltd. 2,600 21,726
Sanwa Shutter Corp. 22,000 73,938
Sanyo Chemical Industries, Ltd. 8,000 67,289
Sanyo Denki Company, Ltd. 5,000 39,553
Sanyo Shokai, Ltd. 11,000 33,492
Sanyo Special Steel Company, Ltd. 10,000 53,378
Sasebo Heavy Industries Company, Ltd. 9,000 18,394
Sato Corp. 1,700 22,461
Satori Electric Company, Ltd. 2,000 12,671
Seika Corp. 7,000 19,103
Seikagaku Corp. 3,300 41,260
Seiko Holdings Corp. 11,000 37,689
Seiren Company, Ltd. 5,200 35,367
Sekisui Jushi Corp. 3,000 31,017
Sekisui Plastics Company, Ltd. 5,000 19,656
Senko Company, Ltd. 9,000 28,950
Senshukai Company, Ltd. 4,400 25,814
Shibusawa Warehouse Company, Ltd. 5,000 16,358
Shibuya Kogyo Company, Ltd. 800 8,184
Shikibo, Ltd. 11,000 12,960
Shikoku Bank, Ltd. 15,000 45,890
Shikoku Chemicals Corp. 3,000 18,466
Shima Seiki Manufacturing, Ltd. 2,300 59,118
Shimachu Company, Ltd. 3,800 82,003
Shimizu Bank, Ltd. 900 39,657
Shin Nippon Air    
Technologies Company, Ltd. 2,900 14,779
Shin Nippon    
Biomedical Laboratories, Ltd. (I) 1,900 7,698
Shin-Etsu Polymer Company, Ltd. 3,000 17,853
Shin-Kobe Electric    
Machinery Company, Ltd. 2,000 27,122
Shinagawa Refractories Company, Ltd. 6,000 19,837
Shindengen Electric    
Manufacturing Company, Ltd. 5,000 22,421
Shinkawa, Ltd. 1,500 15,456
Shinko Electric Company, Ltd. 12,000 36,355
Shinko Plantech Company, Ltd. 3,300 37,853
Shinko Shoji Company, Ltd. 2,700 23,663
Shinmaywa Industries, Ltd. 9,000 37,764
Shinwa Kaiun Kaisha, Ltd. 8,000 16,818
Shizuoka Gas Company, Ltd. 4,500 27,832
SHO-BOND Holdings Company, Ltd. 1,200 32,013
Shochiku Company, Ltd. 6,000 43,352
Showa Corp. (I) 3,500 25,502
Showa Sangyo Company, Ltd. 7,000 20,161
Siix Corp. 2,200 30,416
Simplex Technology, Inc. 40 17,023
Sinanen Company, Ltd. 6,000 27,555
Sintokogio, Ltd. 4,600 47,530
Sky Perfect JSAT Corp. 177 61,728
SMK Corp. 6,000 27,843
So-net Entertainment Corp. 19 67,087
So-net M3, Inc. 12 72,854
Sogo Medical Company, Ltd. 600 15,826
Sohgo Security Services Company, Ltd. 5,000 54,400
SRI Sports, Ltd. 13 13,771
ST Corp. 1,100 11,987
St. Marc Holdings Company, Ltd. 900 32,893
Star Micronics Company, Ltd. 2,600 28,819
Starzen Company, Ltd. 6,000 17,366
Stella Chemifa Corp. 800 31,081
Sumikin Bussan Corp. 9,000 21,088

 

241

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Suminoe Textile Company, Ltd. 5,000 $ 11,073
Sumiseki Holdings, Inc. (I) 4,400 6,855
Sumisho Computer Systems Corp. (L) 1,700 23,728
Sumitomo Densetsu Company, Ltd. 4,200 19,764
Sumitomo Light Metal Industries, Ltd. (I) 29,000 33,818
Sumitomo Mitsui Company, Ltd. (I)(L) 28,700 37,178
Sumitomo Osaka Cement Company, Ltd. 30,000 86,728
Sumitomo Pipe & Tube Company, Ltd. 2,300 19,217
Sumitomo Real Estate    
Sales Company, Ltd. 510 20,356
Sumitomo Seika Chemicals Company, Ltd. 4,000 20,726
Sumitomo Warehouse Company, Ltd. 16,048 76,722
SWCC Showa Holdings Company, Ltd. (I) 24,000 30,007
T Rad Company, Ltd. 7,000 29,607
T. Hasegawa Company, Ltd. 1,600 25,949
Tachi-S Company, Ltd. 2,700 47,099
Tachibana Eletech Company, Ltd. 1,500 14,697
Tadano, Ltd. 11,000 70,221
Taihei Dengyo Kaisha, Ltd. 3,000 24,852
Taihei Kogyo Company, Ltd. 5,000 24,256
Taiheiyo Cement Corp. (L) 83,000 137,758
Taiho Kogyo Company, Ltd. 2,500 22,211
Taikisha, Ltd. 2,100 39,864
Taisei Lamick Company, Ltd. 600 16,722
Taiyo Ink Manufacturing Company, Ltd. 1,300 39,607
Takagi Securities Company, Ltd. (I) 7,000 7,467
Takamatsu Corp. 1,500 24,204
Takaoka Electric    
Manufacturing Company, Ltd. 7,000 30,622
Takara Holdings, Inc. 13,000 63,769
Takara Standard Company, Ltd. 7,000 55,908
Takasago International Corp. 8,000 43,857
Takasago Thermal    
Engineering Company, Ltd. 5,700 50,504
Takihyo Company, Ltd. 3,000 13,800
Takiron Company, Ltd. 6,000 24,776
Takuma Company, Ltd. (I) 6,000 20,182
Tamron Company, Ltd. 1,500 33,133
Tamura Corp. 7,000 18,346
Tatsuta Electric Wire &    
Cable Company, Ltd. 6,000 25,824
Tecmo Koei Holdings Company, Ltd. 2,100 16,775
Teikoku Electric    
Manufacturing Company, Ltd. 700 12,779
Teikoku Piston Ring Company, Ltd. 1,400 12,909
Teikoku Sen-I Company, Ltd. 2,000 13,019
Telepark Corp. 13 21,396
Temp Holdings Company, Ltd. 2,400 21,305
Tenma Corp. 1,800 19,909
The Chiba Kogyo Bank, Ltd. (I) 3,200 18,351
The Hokkoku Bank, Ltd. 5,000 16,784
The Hyakugo Bank, Ltd. 20,000 89,071
The Pack Corp. 1,300 22,333
The San-in Godo Bank, Ltd. 8,000 59,630
The Yachiyo Bank, Ltd. 1,700 57,838
Tigers Polymer Corp. 1,000 4,508
TKC Corp. 1,500 30,530
TOA Corp. 22,000 43,332
Toagosei Company, Ltd. 18,000 92,835
Tobishima Corp. (I)(L) 36,000 15,581
TOC Company, Ltd. 6,800 26,671
Tocalo Company, Ltd. 1,300 23,114
Tochigi Bank, Ltd. 11,000 48,250
Toda Corp. 17,000 66,773
Toda Kogyo Corp. 3,000 26,689

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Toei Company, Ltd. 5,000 $ 23,744
Toenec Corp. 4,000 23,661
Toho Bank, Ltd. 18,000 48,690
Toho Company, Ltd. 3,000 10,838
Toho Holdings Company, Ltd. 3,300 35,983
Toho Real Estate Company, Ltd. 3,000 18,755
Toho Zinc Company, Ltd. 10,000 46,646
Tohoku Bank, Ltd. 4,000 6,348
Tokai Carbon Company, Ltd. 17,000 84,612
Tokai Corp. 4,000 15,869
Tokai Rubber Industries, Ltd. 2,400 29,401
Tokai Tokyo Securities Company, Ltd. 16,000 54,629
Token Corp. 810 35,689
Tokimec, Inc. 5,000 7,222
Tokushu Tokai Holdings Company, Ltd. 15,000 32,820
Tokyo Dome Corp. (I) 11,000 21,952
Tokyo Energy & Systems, Inc. 2,000 13,024
Tokyo Ohka Kogyo Company, Ltd. 4,200 86,545
Tokyo Rakutenchi Company, Ltd. 2,000 6,276
Tokyo Rope Manufacturing Company, Ltd. 12,000 45,155
Tokyo Seimitsu Company, Ltd. 2,600 46,511
Tokyo Style Company, Ltd. 7,000 50,273
Tokyo Tekko Company, Ltd. 4,000 12,678
Tokyo Theatres Company, Inc. 9,000 12,212
Tokyo Tomin Bank, Ltd. (I) 2,800 36,355
Tokyotokeiba Company, Ltd. 19,000 24,403
Tokyu Community Corp. 700 19,928
Tokyu Construction Company, Ltd. 9,910 29,388
Tokyu Livable, Inc. 1,800 15,775
Tomato Bank, Ltd. 11,000 21,423
Tomen Devices Corp. 600 15,364
Tomen Electronics Corp. 1,900 26,223
Tomoe Corp. 2,200 9,216
Tomoe Engineering Company, Ltd. 800 15,724
Tomoku Company, Ltd. 6,000 18,769
TOMONY Holdings, Inc. 15,000 55,362
Tomy Company, Ltd. 4,500 33,759
Tonami Holdings Company, Ltd. 6,000 11,902
Topcon Corp. 5,900 31,209
Toppan Forms Company, Ltd. 5,600 48,675
Topre Corp. 4,300 34,429
Topy Industries, Ltd. 18,000 46,433
Toridoll Corp. 7 7,995
Torigoe Company, Ltd. 2,300 20,026
Torii Pharmaceutical Company, Ltd. 1,100 21,725
Torishima Pump    
Manufacturing Company, Ltd. 900 13,363
Toshiba Machine Company, Ltd. 14,000 74,652
Toshiba Plant Systems & Services Corp. 4,000 45,251
Toshiba TEC Corp. 9,000 40,034
Tosho Printing Company, Ltd. 7,000 10,618
Totetsu Kogyo Company, Ltd. 3,000 28,010
Tottori Bank, Ltd. 4,000 8,271
Towa Bank, Ltd. 21,000 25,523
Towa Corptowa Corp. 2,200 15,485
Towa Pharmaceutical Company, Ltd. 1,300 65,719
Toyo Construction Company, Ltd. 34,000 40,472
Toyo Corp. 3,200 29,584
Toyo Electric    
Manufacturing Company, Ltd. 3,000 14,246
Toyo Engineering Corp. 10,000 38,471
Toyo Ink Manufacturing Company, Ltd. 15,000 76,641
Toyo Kanetsu KK 10,000 25,239
Toyo Kohan Company, Ltd. 4,000 21,920
Toyo Securities Company, Ltd. 6,000 9,500

 

242

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Toyo Tanso Company, Ltd. 1,000 $ 53,429
Toyo Tire & Rubber Company, Ltd. 15,000 36,788
Toyo Wharf & Warehouse Company, Ltd. 6,000 9,579
Toyobo Company, Ltd. 48,936 70,074
Transcosmos, Inc. 2,800 24,842
Trusco Nakayama Corp. 2,500 44,812
TS Tech Company, Ltd. 5,700 99,980
Tsubakimoto Chain Company, Ltd. 8,000 41,068
Tsugami Corp. (L) 6,000 41,837
Tsukishima Kikai Company, Ltd. 2,000 19,115
Tsuruha Holdings, Inc. 1,500 68,075
Tsurumi Manufacturing Company, Ltd. 2,000 15,107
Tsutsumi Jewelry Company, Ltd. 1,100 27,546
U-Shin, Ltd. 2,300 17,835
Ube Material Industries, Ltd. 5,000 19,536
Uchida Yoko Company, Ltd. 4,000 12,541
ULVAC, Inc. 2,900 68,473
Uniden Corp. 9,000 35,547
Unihair Company, Ltd. (I) 3,500 40,478
Union Tool Company, Ltd. 1,500 35,053
Unipres Corp. 2,600 51,950
United Arrows, Ltd. 2,400 31,450
Unitika, Ltd. (I) 45,000 35,921
Universe Company, Ltd. 1,100 17,026
Valor Company, Ltd. 4,100 40,208
VANTEC Corp. 12 33,536
Vital KSK Holdings, Inc. 3,900 31,695
Wacom Company, Ltd. 52 62,775
Wakachiku    
Construction Company, Ltd. (I)(L) 17,000 26,569
Warabeya Nichiyo Company, Ltd. 1,900 23,687
Watabe Wedding Corp. 1,100 9,971
Watami Company, Ltd. (L) 2,500 39,733
Xebio Company, Ltd. 1,500 26,848
Yahagi Construction Company, Ltd. 2,000 11,186
Yaizu Suisankagaku    
Industry Company, Ltd. 1,100 10,627
Yamabiko Corp. 1,200 14,326
Yamagata Bank, Ltd. 16,000 79,827
Yamanashi Chuo Bank, Ltd. 13,000 63,140
Yamatane Corp. 11,000 16,134
Yamazen Corp. 5,700 33,105
Yaoko Company, Ltd. 300 9,251
Yasuda Warehouse Company, Ltd. 2,900 16,957
Yellow Hat, Ltd. 2,200 20,551
Yodogawa Steel Works, Ltd. 10,000 46,097
Yokogawa Bridge Corp. 3,000 22,008
Yokohama Reito Company, Ltd. 4,000 27,170
Yokowo Company, Ltd. 2,000 15,148
Yomeishu Seizo Company, Ltd. 1,000 9,461
Yomiuri Land Company, Ltd. 3,000 10,025
Yondenko Corp. 3,000 13,417
Yonekyu Corp. 2,000 16,143
Yorozu Corp. (L) 1,800 35,936
Yoshinoya D&C Company, Ltd. (L) 53 63,430
Yuasa Trading Company, Ltd. 21,000 26,509
Yuki Gosei Kogyo Co., Ltd. 3,000 7,479
Yukiguni Maitake Company, Ltd. 3,400 21,069
Yurtec Corp. 4,000 24,189
Yusen Logistics Company, Ltd. 1,200 18,769
Yushin Precision    
Equipment Company, Ltd. 1,100 20,075
Yushiro Chemical Industry Company, Ltd. 1,500 20,035
Zenrin Company, Ltd. 2,100 22,343
Zensho Company, Ltd. (L) 6,000 59,510

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Zeria Pharmaceutical Company, Ltd. 2,000 $ 23,841
Zuken, Inc. 2,200 17,086
 
    27,008,674
Liechtenstein - 0.13%    
Liechtensteinische Landesbank AG 1,361 108,982
Verwaltungs & Privat Bank AG 492 59,876
 
    168,858
Luxembourg - 0.09%    
Regus PLC 66,614 122,819
Malaysia - 0.01%    
Samling Global, Ltd. 62,000 6,358
Netherlands - 1.92%    
Aalberts Industries NV 9,340 221,689
Accell Group NV 798 41,690
Arcadis NV 6,428 155,392
ASM International NV (I) 5,593 220,549
BinckBank NV 4,026 70,136
Brunel International NV (I) 825 38,892
CSM 3,855 136,332
Fornix Biosciences NV 819 2,902
Heijmans NV 2,023 59,683
Imtech NV 5,244 194,693
InnoConcepts NV (I) 10,527 149
Kendrion NV 204 5,199
Koninklijke BAM Groep NV 22,783 175,547
Koninklijke Ten Cate NV 3,876 158,847
Mediq NV 5,634 112,544
Nutreco Holding NV 2,871 210,485
Ordina NV (I) 5,537 30,810
Pharming Group NV (I) 17,228 4,172
Sligro Food Group NV 2,169 73,190
SNS REAAL NV (I) 16,603 94,078
Telegraaf Media Groep NV 4,601 94,932
TKH Group NV (I) 694 20,003
TomTom NV (I)(L) 15,548 138,623
Unit 4 Agresso NV 1,920 65,352
USG People NV (I) 6,381 131,947
Wavin NV (I) 2,026 31,285
 
    2,489,121
New Zealand - 0.63%    
Air New Zealand, Ltd. 19,995 16,932
Fisher & Paykel    
Appliances Holdings, Ltd. (I) 73,602 33,449
Fisher & Paykel Healthcare Corp. 28,076 67,339
Freightways, Ltd. 8,921 22,187
Infratil, Ltd. 66,634 97,100
Mainfreight, Ltd. 7,268 49,627
New Zealand Oil & Gas, Ltd. 43,880 30,500
New Zealand Refining Company, Ltd. 19,629 73,118
Nuplex Industries, Ltd. 56,785 134,292
PGG Wrightson, Ltd. (I) 21,821 8,494
Pike River Coal Company, Ltd. (I) 21,968 0
Port of Tauranga, Ltd. 5,763 36,055
Pumpkin Patch, Ltd. 7,395 7,627
Ryman Healthcare, Ltd. 14,826 26,824
Sky City Entertainment Group, Ltd. 30,721 79,205
Sky Network Television, Ltd. 12,878 55,219
Tower, Ltd. 20,665 29,507
Vector, Ltd. 18,041 34,412
Warehouse Group, Ltd. 4,936 13,218
 
    815,105

 

243

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Norway - 1.15%    
Acta Holding ASA (I) 24,000 $ 13,960
Aktiv Kapital ASA 4,600 32,842
Blom AS (I) 2,500 221
Bonheur ASA 1,100 33,215
BW Offshore, Ltd. (I) 30,800 82,406
Camillo Eitzen & Company ASA (I) 1,300 2,374
Cermaq ASA (I) 9,600 169,737
Copeinca ASA 9,200 86,064
Det Norske Oljeselskap ASA (I) 3,542 18,477
EDB Business Partner ASA (I) 946 2,498
Eitzen Chemical ASA (I)(L) 21,250 4,737
Eltek ASA (I) 22,000 22,665
Ementor ASA 15,457 173,850
Ganger Rolf ASA 700 19,192
Kongsberg Automotive Holding ASA (I) 29,400 23,331
Kverneland Gruppen ASA (I)(L) 15,000 17,372
Nordic Semiconductor ASA (L) 27,500 96,042
Norske Skogindustrier ASA (I) 21,000 67,979
Norwegian Air Shuttle ASA (I)(L) 3,567 69,296
Norwegian Energy Company AS (I) 16,500 43,189
Opera Software ASA 8,100 43,039
Scana Industrier ASA (I) 8,889 11,741
Sevan Marine ASA (I) 51,607 56,484
Solstad Offshore ASA (I) 2,900 67,116
Songa Offshore SE (I) 14,000 90,414
Sparebanken Midt-Norge ASA 3,000 27,166
Tomra Systems ASA 15,212 124,169
Veidekke ASA 6,400 58,716
Wilh Wilhelmsen Holding ASA, Class A 1,300 39,584
 
    1,497,876
Papua New Guinea - 0.02%    
Highlands Pacific, Ltd. (I) 59,421 21,285
Peru - 0.13%    
Hochschild Mining PLC 16,572 170,966
Portugal - 0.42%    
Altri SGPS SA (I)(L) 31,618 73,655
Banco BPI SA (I) 21,804 37,955
BANIF SGPS SA 17,971 20,533
Impresa SGPS SA (I) 11,168 15,687
Investimentos Participacoes    
e Gestao SA (I) 15,959 7,021
Mota Engil 5,366 13,824
Portucel - Empresa Produtora de Pasta    
e Papel SA 28,126 98,777
Redes Energeticas Nacionais SA 12,164 43,165
Semapa-Sociedade de Investimento    
& Gestao 5,253 62,813
Sonae 50,046 58,508
Sonae Capital SGPS SA (I) 16,889 9,568
Teixeira Duarte SA 21,736 19,118
Zon Multimedia SA 14,900 78,224
 
    538,848
Singapore - 1.29%    
Allgreen Properties, Ltd. 130,000 111,530
Asia Food & Properties, Ltd. (I) 190,000 52,701
ASL Marine Holdings, Ltd. 19,600 9,341
Ban Joo & Company, Ltd. (I) 396,000 14,102
Banyan Tree Holdings, Ltd. 54,000 40,195
Bukit Sembawang Estates, Ltd. 16,000 54,216
Cerebos Pacific, Ltd. 10,000 41,199
CH Offshore, Ltd. 38,000 13,046
China Aviation Oil Singapore Corp., Ltd. 12,000 12,768
China Merchants Holdings Pacific, Ltd. 50,000 26,034

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Singapore (continued)    
Creative Technology, Ltd. 6,650 $ 18,273
CSE Global, Ltd. 55,000 54,925
Ezion Holdings, Ltd. 49,000 25,816
Ezra Holdings, Ltd. 50,400 70,236
First Resources, Ltd. 74,000 77,284
Food Empire Holdings, Ltd. 43,200 15,976
Gallant Venture, Ltd. (I) 71,000 22,461
Goodpack, Ltd. 29,000 44,662
Ho Bee Investment, Ltd. 18,000 20,255
Hong Fok Corp., Ltd. (I) 49,000 21,979
Hong Leong Asia, Ltd. 13,000 29,002
Hotel Plaza, Ltd. 21,500 29,324
Hotel Properties, Ltd. 24,000 47,458
HTL International Holdings, Ltd. 34,000 15,740
Hyflux, Ltd. 51,000 87,222
Jaya Holdings, Ltd. (I) 51,000 21,868
Jurong    
Technologies Industrial Corp., Ltd. (I) 194,350 0
Kim Eng Holdings, Ltd. 17,000 41,143
KS Energy Services, Ltd. (I) 20,000 14,817
Metro Holdings, Ltd. 53,000 34,514
Midas Holdings, Ltd. 68,000 40,581
Oceanus Group, Ltd. (I) 116,000 23,950
Orchard Parade Holdings, Ltd. (I) 5,000 5,821
Osim International, Ltd. 43,000 54,759
Otto Marine, Ltd. 96,000 19,067
Petra Foods, Ltd. 45,000 57,142
Raffles Education Corp., Ltd. 76,188 47,264
Raffles Medical Group, Ltd. 24,000 42,609
Rotary Engineering, Ltd. 22,000 16,589
SBS Transit, Ltd. 5,000 7,879
SC Global Developments, Ltd. 22,000 24,053
Stamford Land Corp., Ltd. 59,000 28,833
Super Coffeemix Manufacturing, Ltd. 42,000 42,963
Swiber Holdings, Ltd. (I) 20,000 12,939
Tat Hong Holdings, Ltd. 31,000 20,054
United Engineers, Ltd. 19,000 38,765
UOB-Kay Hian Holdings, Ltd. 31,000 43,307
WBL Corp., Ltd. 4,000 12,313
Wing Tai Holdings, Ltd. 39,000 47,376
Yongnam Holdings, Ltd. 87,000 18,602
 
    1,672,953
South Africa - 0.08%    
First Uranium Corp. (I)(L) 13,300 11,877
Great Basin Gold, Ltd. (I)(L) 34,200 89,954
 
    101,831
Spain - 1.94%    
Abengoa SA (I) 1,780 58,935
Afirma Grupo Inmobiliario SA (I) 30,139 8,986
Amper SA (I) 1,961 10,651
Antena 3 de Television SA (I) 3,644 33,937
Banco Pastor SA (L) 16,144 77,421
Bolsas y Mercados Espanoles SA (L) 3,371 102,690
Caja de Ahorros del Mediterraneo 5,428 47,705
Cementos Portland Valderrivas SA 1,547 32,571
Construcciones & Auxiliar    
de Ferrocarriles SA 394 223,754
Corporacion Dermoestetica SA (I) 1,972 5,034
Dinamia SA 1,158 13,653
Duro Felguera SA 2,840 22,914
Ebro Foods SA 16,526 388,200
Elecnor SA 2,026 31,695
Ercros SA (I) 12,567 16,937

 

244

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Spain (continued)    
Faes Farma SA 15,161 $ 61,054
Fluidra SA 3,227 13,141
General de Alquiler de Maquinaria (I) 2,658 7,126
Grifols SA 8,696 151,768
Grupo Catalana Occidente SA (I) 2,531 55,923
Grupo Empresarial Ence SA (I) 15,191 56,691
Grupo Tavex SA (I) 6,482 4,248
Laboratorios Almirall SA 6,009 67,216
Laboratorios Farmaceuticos Rovi SA 1,750 12,760
NH Hoteles SA (I) 3,032 20,571
Obrascon Huarte Lain SA 3,281 118,520
Papeles y Cartones de Europa SA (I) 4,778 28,735
Pescanova SA 587 23,920
Promotora de Informaciones SA (I) 9,049 26,438
Realia Business SA (I) 9,431 23,584
Service Point Solutions SA (I) 6,171 4,456
Sociedad Nacional Inds. (I) 12,960 29,352
Sol Melia SA 5,056 58,102
SOS Cuetara SA (I) 11,142 10,651
Tecnicas Reunidas SA 1,910 114,827
Tubacex SA (I) 10,312 42,499
Tubos Reunidos SA (I) 9,106 29,919
Unipapel SA (I) 209 3,631
Vidrala SA (I) 2,647 80,701
Viscofan SA 6,729 267,093
Vocento SA (I) 9,411 48,682
Zeltia SA (I) 21,956 86,501
 
    2,523,192
Sweden - 2.94%    
AarhusKarlshamn AB 5,545 158,067
Acando AB 6,279 15,815
Active Biotech AB (I) 2,172 55,150
AddTech AB 2,310 69,235
Angpanneforeningen AB 3,536 70,591
Axfood AB (L) 1,565 58,316
Axis Communications AB 9,260 196,089
BE Group AB (I) 4,723 31,113
Bergman & Beving AB 3,490 62,789
Betsson Abbetsson AB (I) 2,976 65,752
Billerud Aktibolag AB 18,295 207,098
Bure Equity AB (I) 7,860 42,774
Clas Ohlson AB 4,002 65,015
Cloetta AB 2,181 13,128
Concordia Maritime AB 2,200 6,453
D Carnegie & Company AB (I) 845,205 0
Duni AB 6,481 72,605
East Capital Explorer AB 3,589 48,682
Enea AB (I) 1,999 18,351
Eniro AB (I) 12,390 47,417
Etrion Corp. (I) 2,427 2,247
Fagerhult AB 749 21,289
G & L Beijer AB 1,125 50,705
Haldex AB (I) 6,370 97,846
Hoganas AB 4,776 177,674
Holmen AB, Series B (L) 4,455 154,011
Industrial & Financial Systems AB (L) 3,487 61,888
Indutrade AB 1,973 64,966
Intrum Justitia AB (L) 6,104 88,923
JM AB 8,981 239,114
KappAhl Holding AB 8,073 45,333
Lindab International AB (I) 6,008 79,121
Loomis AB (I) 2,001 31,751
Mekonomen AB 2,150 81,733
NCC AB 8,075 231,378

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Sweden (continued)    
Net Insight AB (I)(L) 40,297 $ 23,854
New Wave Group AB 6,024 51,886
Nibe Industrier AB 6,731 115,579
Nobia AB (I) 17,611 165,211
OEM International AB 1,799 17,371
ORC Software AB 1,548 24,528
PA Resources AB (I) 19,862 14,423
Peab AB 14,016 124,910
Proffice AB 6,320 34,647
Rezidor Hotel Group AB (I) 8,897 56,083
RNB Retail & Brands AB (I) 31,521 35,551
SAS AB (L)(I) 17,484 61,043
Seco Tools AB 2,691 47,741
Studsvik AB (I) 218 2,376
Sweco AB 3,557 36,621
Swedish Orphan Biovitrum AB (I) 9,497 43,526
TradeDoubler AB (I) 4,887 36,289
Trelleborg AB, Series B 18,933 194,281
 
    3,818,339
Switzerland - 5.73%    
Advanced Digital Broadcast Holdings SA 245 7,597
Affichage Holding AG (I) 88 13,352
AFG Arbonia-Forster Holding AG (I) 1,594 61,121
Allreal Holding AG (I) 690 106,815
Ascom Holding AG 3,146 48,613
Bank Coop AG 1,620 119,028
Bank Sarasin & Compagnie AG 3,236 140,920
Banque Privee Edmond de Rothschild SA 1 30,477
Barry Callebaut AG (I) 126 103,140
Basilea Pharmaceutica AG (I) 776 55,929
Belimo Holding AG 24 52,255
Berner Kantonalbank 285 75,304
Bobst Group AG (I) 1,189 54,427
Bucher Industries AG 751 172,077
Burckhardt Compression Holding AG 370 116,529
Centralschweizerische Kraftwerke AG 127 45,111
Charles Voegele Holding AG (I) 998 73,491
Cicor Technologies (I) 322 15,483
Clariant AG (I) 35,700 643,858
Compagnie Financiere Tradition SA BR 211 26,649
Cytos Biotechnology AG (I) 166 2,257
Daetwyler Holding AG 778 71,005
Dufry Group AG (I) 1,855 213,372
EFG International (I) 5,629 83,595
Elektrizitaets-Gesellschaft Laufenburg AG 11 8,390
Emmi AG 319 72,657
EMS-Chemie Holding AG 735 137,140
Energiedienst Holding AG (I) 559 33,344
Ferrexpo PLC 5,555 38,462
Flughafen Zuerich AG 380 158,401
Forbo Holding AG (I) 196 147,314
Galenica Holding AG (L) 437 269,459
GAM Holding, Ltd. (I) 25,978 493,601
Georg Fischer AG (I) 952 535,010
Gottex Fund    
Management Holdings, Ltd. (I) 1,478 10,533
Helvetia Patria Holding AG 307 127,263
Inficon Holding Ag 75 15,722
Kaba Holding AG 317 132,316
Komax Holding AG (I) 777 90,085
Kudelski SA 4,675 85,337
Kuoni Reisen Holding AG (I) 248 114,263
LEM Holding SA 52 32,311
Logitech International SA (I) 9,485 171,004

 

245

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Switzerland (continued)    
Luzerner Kantonalbank AG 127 $ 45,223
Meyer Burger Technology AG (I)(L) 3,227 145,721
Micronas Semiconductor Holding AG (I) 5,145 52,890
Mobilezone Holding AG 3,138 37,566
Mobimo Holding AG (I) 528 121,706
Orascom Development Holding AG (I) 1,134 52,796
Orell Fuessli Holding AG 136 19,654
Panalpina Welttransport Holding AG (I) 1,612 201,031
Petroplus Holdings AG (I) 9,787 154,504
Phoenix Mecano AG 31 22,780
PubliGroupe SA 20 2,623
Rieter Holding AG (I) 430 176,177
Romande Energie Holding SA 52 89,502
Schaffner Holding AG (I) 40 14,488
Schmolz + Bickenbach AG (I) 945 9,600
Schulthess Group AG (I) 615 35,180
Schweizerhall Holding AG (I) 303 27,316
Schweizerische National-Versicherungs-    
Gesellschaft AG 1,339 53,177
Siegfried Holding AG (I) 53 5,609
St. Galler Kantonalbank 55 28,445
Swissfirst AG (I) 655 21,722
Swissquote Group Holding SA 1,093 65,518
Tamedia AG 188 23,767
Tecan Group AG (I) 628 49,593
Temenos Group AG (I) 8,708 329,766
Unaxis Holding AG (I) 14,200 109,414
Valiant Holding AG 602 82,512
Valora Holding AG 284 95,245
Vaudoise Assurances Holding SA 138 41,945
Von Roll Holding AG (I)(L) 7,878 37,115
Vontobel Holding AG 3,372 130,353
WMH Walter Meier AG 163 44,507
Ypsomed Holding AG (I) 276 17,136
Zuger Kantonalbank 17 99,587
 
    7,449,185
Taiwan - 0.00%    
Ya Hsin Industrial Company, Ltd. (I) 138,000 0
United Arab Emirates - 0.11%    
Lamprell PLC 26,117 147,643
United Kingdom - 16.12%    
888 Holdings PLC 12,231 8,486
A.G. Barr PLC 3,000 59,195
Aberdeen Asset Management PLC 50,933 172,296
AEA Technology Group PLC (I) 19,508 1,318
Aegis Group PLC 57,738 132,262
Afren PLC (I) 55,554 145,072
Alexon Group PLC (I) 6,881 1,216
Alizyme PLC (I) 22,479 0
Amlin PLC 8,624 52,811
Anglo Pacific Group PLC 10,171 55,429
Antisoma PLC (I) 56,367 2,193
Ashtead Group PLC 54,314 172,928
Aveva Group PLC 9,024 233,787
Avis Europe PLC (I) 6,910 20,912
Axis-Shield PLC (I) 2,271 11,840
Babcock International Group PLC 43,044 428,588
Balfour Beatty PLC 32,052 176,726
Barratt Developments PLC (I) 98,477 173,779
BBA Aviation PLC 48,270 157,347
Beazley PLC 57,792 114,219
Bellway PLC 10,163 113,624
Berkeley Group Holdings PLC (I) 13,633 227,916

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Bodycote PLC 19,111 $ 101,499
Bovis Homes Group PLC 13,879 97,014
Brammer PLC 8,722 41,632
Brewin Dolphin Holdings PLC 23,416 63,183
British Polythene Industries PLC 4,443 19,957
Britvic PLC 32,362 205,324
BTG PLC (I) 25,585 93,538
Capital & Regional PLC (I) 28,406 17,776
Carillion PLC 24,339 148,391
Carpetright PLC 4,169 45,573
Carphone Warehouse Group PLC (I) 12,175 71,061
Charles Taylor Consulting PLC 3,000 6,748
Charter International PLC 8,755 113,473
Chaucer Holdings PLC 24,034 21,687
Chemring Group Plc 37,420 415,651
Chesnara PLC 704 2,783
Chime Communications PLC 5,129 21,963
Cineworld Group PLC 6,663 22,192
Close Brothers Group PLC 16,016 217,194
Collins Stewart PLC 14,755 20,119
Colt Telecom Group SA (I) 31,618 75,738
Computacenter PLC 9,482 66,126
Connaught PLC 7,981 0
Cookson Group PLC (I) 33,297 368,489
Corin Group PLC 4,523 4,100
Costain Group PLC 3,598 13,930
Cranswick PLC 8,814 117,428
Creston PLC 10,587 16,131
Croda International PLC 12,609 339,278
CSR PLC (I) 18,505 109,799
D.S. Smith PLC 57,738 184,640
Daily Mail & General Trust 17,811 141,142
Dairy Crest Group PLC 13,990 80,637
Davis Service Group PLC 17,163 132,433
De La Rue PLC 7,909 100,153
Debenhams PLC (I) 116,644 110,700
Dechra Pharmaceuticals PLC 6,519 52,852
Devro PLC 2,601 11,794
Dicom Group PLC (I) 12,964 108,017
Dignity PLC 5,430 60,613
Dixons Retail PLC (I) 231,071 46,562
Domino Printing Sciences PLC 15,811 159,952
Domino’s Pizza UK & IRL PLC 7,102 48,790
DTZ Holdings PLC (I) 9,217 4,140
Dunelm Group PLC 9,530 58,691
Eaga PLC 11,841 22,401
easyJet PLC (I)(S) 10,512 57,412
Electrocomponents PLC 45,730 196,107
Elementis PLC 54,724 133,488
Enquest PLC (I) 29,856 65,235
Enterprise Inns PLC (I) 55,142 78,342
Euromoney Institutional Investor PLC 8,075 90,242
Evolution Group PLC 24,073 29,725
F&C Asset Management PLC 41,888 50,981
Fidessa Group PLC 4,471 125,544
Filtrona PLC 27,028 131,732
Findel PLC (I) 318,283 31,010
FirstGroup PLC 22,912 119,971
Forth Ports PLC 5,900 154,749
Fortune Oil PLC (I) 368,591 67,999
Galliford Try PLC 8,666 52,135
Game Group PLC 27,019 24,489
Gem Diamonds, Ltd. (I) 12,666 56,877
Genus PLC (S) 5,336 80,807
Go-Ahead Group PLC 3,744 80,381

 

246

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Greene King PLC 14,983 $ 107,592
Greggs PLC 8,678 70,977
Halfords Group PLC 30,497 170,447
Halma PLC 51,425 288,960
Hampson Industries PLC 32,209 13,957
Hardy Oil & Gas PLC (I) 5,072 15,352
Hays PLC 61,521 114,800
Headlam Group PLC 4,631 22,239
Helical Bar PLC 8,263 35,896
Henderson Group PLC 72,524 197,361
Heritage Oil, Ltd. 9,831 44,983
Hikma Pharmaceuticals PLC 18,634 220,607
Hill & Smith Holdings PLC 6,401 35,547
HMV Group PLC (L) 36,339 8,890
Holidaybreak PLC 11,700 60,076
Homeserve PLC 23,941 170,570
Howden Joinery Group PLC (I) 113,752 199,703
Hunting PLC 11,768 146,603
Hyder Consulting PLC 3,872 22,485
IG Group Holdings PLC 29,583 216,693
Imagination Technologies Group PLC (I) 42,994 296,023
Inchcape PLC (I) 27,669 153,699
Intermediate Capital Group PLC 43,942 230,224
International Personal Finance PLC 53,398 275,621
Interserve PLC 12,721 56,164
ITE Group PLC 16,803 65,546
J.D. Wetherspoon PLC 9,690 66,003
James Fisher & Sons PLC 4,579 38,124
Jardine Lloyd Thompson Group PLC 12,662 140,678
Jazztel PLC (I) 16,347 88,900
JKX Oil & Gas PLC 8,683 43,896
Kcom Group PLC 117,578 116,000
Keller Group PLC 4,607 45,812
Kesa Electricals PLC 45,975 88,985
Kier Group PLC 2,737 57,060
Ladbrokes PLC 55,844 118,790
Laird Group PLC 26,527 58,769
Logica PLC 103,643 217,942
Lookers PLC 17,654 16,235
Low & Bonar PLC 21,034 17,903
M.J. Gleeson Group PLC (I) 8,478 14,530
Marston’s PLC 25,080 38,221
McBride PLC 14,770 33,705
Mears Group PLC (I) 8,289 32,412
Melrose PLC 47,765 251,273
Michael Page International PLC 14,574 120,145
Micro Focus International PLC 27,844 141,323
Millennium & Copthorne Hotels PLC 12,580 102,103
Minerva PLC (I) 20,686 30,696
Misys PLC (I) 41,831 212,386
Mitchells & Butlers PLC (I) 31,070 150,304
Mitie Group PLC 21,404 67,461
Moneysupermarket.com Group PLC 5,677 7,812
Morgan Crucible Company PLC 22,928 109,153
Mothercare PLC 6,928 44,456
Mouchel Parkman PLC (I) 23,900 35,943
MWB Group Holdings PLC (I) 11,618 7,454
N. Brown Group PLC 16,271 66,221
National Express Group PLC 34,580 136,080
NCC Group, Ltd. 4,560 41,401
Northern Foods PLC 35,909 41,905
Northgate PLC (I) 1,332 6,804
Northumbrian Water Group PLC 29,783 158,718
Novae Group PLC 2,664 15,511
Optos PLC (I) 3,748 11,604

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Oxford Biomedica PLC (I) 77,574 $ 7,255
Oxford Instruments PLC 2,558 28,725
Pace Micro Technology PLC 26,281 64,106
Paypoint PLC 6,600 43,507
Pendragon PLC (I) 63,903 23,641
Persimmon PLC 21,078 150,614
Petropavlovsk PLC 20,453 327,118
Photo-Me International PLC 24,627 17,235
Pinewood Shepperton PLC 3,284 8,449
Premier Farnell PLC 47,494 206,734
Premier Foods PLC (I) 158,104 70,885
Premier Oil PLC (I) 6,376 203,806
Prostrakan Group PLC (I) 7,836 16,246
Provident Financial PLC 11,362 175,014
Psion PLC 13,365 19,296
Punch Taverns PLC (I) 20,164 24,923
PV Crystalox Solar PLC 29,464 25,886
PZ Cussons PLC 17,701 92,697
Qinetiq PLC (I) 59,423 116,027
Quintain Estates & Development PLC (I) 54,012 38,116
Rank Group PLC 41,760 100,066
Rathbone Brothers PLC 4,853 94,649
Redrow PLC (I) 28,411 56,862
Renishaw PLC 2,747 66,519
Restaurant Group PLC 15,474 74,466
Rightmove PLC 11,119 169,531
RM PLC 10,003 23,742
ROK PLC 7,381 2,191
Rotork PLC 16,023 448,915
RPC Group PLC 19,465 87,680
RPS Group PLC 17,736 60,854
Salamander Energy PLC (I) 13,282 61,867
Savills PLC 12,736 73,180
SDL PLC 17,692 184,485
Senior PLC 6,084 14,806
Shanks Group PLC 57,986 106,111
Skyepharma PLC (I) 1,272 837
Smiths News PLC 16,404 22,231
Soco International PLC (I) 13,024 80,070
Southern Cross Healthcare, Ltd. (I)(L) 15,726 3,352
Spectris PLC 10,418 227,680
Spirax-Sarco Engineering PLC 10,190 316,923
Spirent Communications PLC 61,445 135,581
Sportech PLC (I) 11,390 7,091
Sports Direct International PLC (I) 15,902 46,276
St James’s Place PLC 12,959 69,524
St. Modwen Properties PLC 14,271 41,162
Stagecoach Group PLC 31,175 107,799
Sthree PLC 8,144 53,444
STV Group PLC (I) 2,685 6,591
Synergy Health PLC 5,377 70,731
TalkTalk Telecom Group PLC 24,348 53,823
Taylor Woodrow PLC (I) 231,863 151,212
Telecity Group PLC (I) 16,984 138,544
Thorntons PLC 4,184 5,537
Topps Tiles PLC 15,591 17,746
Travis Perkins PLC 17,118 279,037
Tribal Group PLC 7,453 4,400
Trinity Mirror PLC (I) 6,673 4,974
TT electronics PLC 14,769 40,514
Tullett Prebon PLC 20,558 134,984
UK Coal PLC (I) 28,144 17,952
UK Mail Group PLC 2,825 12,005
Ultra Electronics Holdings PLC 5,588 154,520
Umeco PLC 10,112 74,863

 

247

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
United Kingdom (continued)      
Uniq PLC (I)   9,690 $ 1,003
United Business Media, Ltd.   12,014 115,378
UTV Media PLC   14,284 29,654
Vectura Group PLC (I)   29,652 29,016
Victrex PLC   6,726 145,607
Vitec Group PLC   1,250 12,046
Volex Group PLC (I)   2,300 11,347
VP PLC   637 2,401
W.S. Atkins PLC   9,549 107,379
WH Smith PLC   12,472 86,747
William Hill PLC   57,734 167,275
Wilmington Group PLC   8,076 19,239
Wolfson Microelectronics PLC (I)   12,200 47,298
WSP Group PLC   7,096 41,293
Xchanging PLC (I)   19,640 25,030
Yell Group PLC (I)(L)   116,656 12,452
Yule Catto & Company PLC   6,992 22,585
 
      20,945,554
United States - 0.19%      
Golden Star Resources, Ltd. (I)   27,300 80,534
Gran Tierra Energy, Inc. (I)   850 6,857
Jaguar Mining, Inc. (I)   7,500 39,221
Minera Andes, Inc. (I)   25,000 76,070
SXC Health Solutions Corp. (I)   847 46,198
 
      248,880
TOTAL COMMON STOCKS (Cost $129,951,356) $ 128,247,429
 
CONVERTIBLE BONDS - 0.03%      
Australia - 0.02%      
West Australian Newspapers      
Holdings, Ltd.      
zero coupon, 06/30/2011 (L) AUD 5,628 $ 30,271
Spain - 0.01%      
Banco de Sabadell SA      
7.750%, 11/11/2013 EUR 8,146 8,139
TOTAL CONVERTIBLE BONDS (Cost $61,769) $ 38,410
 
RIGHTS - 0.01%      
Blom AS (Expiration Date: 04/19/2011,      
Strike Price: NOK 0.30) (I)   15,000 515
Cramo OYJ (Expiration Date: 04/15/2011,      
Strike Price: EUR 10.50) (I)(L)   2,993 9,875
Oak Capital Corp. (Expiration Date:      
11/30/2011, Strike Price:      
JPY 220.00) (I)   600 0
Service Point Solutions SA ( Expiration      
Date: 04/12/2011, Strike Price:      
EUR 0.395) (I)   6,171 245
TFS Corp., Ltd. (Expiration Date:      
04/05/2011, Strike Price: AUD 0.80) (I)   821 8
TOTAL RIGHTS (Cost $0)   $ 10,643
 
WARRANTS - 0.01%      
AFP Properties, Ltd. (Expiration Date:      
11/18/2015, Strike Price: SGD 0.10) (I)   95,000 15,450
TOTAL WARRANTS (Cost $18,149)   $ 15,450

 

International Small Company Trust (continued)
  Shares or   
  Principal   
  Amount  Value
SECURITIES LENDING COLLATERAL - 3.66%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   475,751 $ 4,760,792
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $4,760,873)   $ 4,760,792
 
SHORT-TERM INVESTMENTS - 0.51%    
Money Market Funds* - 0.51%      
State Street Institutional Liquid Reserves      
Fund, 0.1855% $ 661,872 $ 661,872
TOTAL SHORT-TERM INVESTMENTS (Cost $661,872) $ 661,872
Total Investments (International Small Company Trust)  
(Cost $135,454,019) - 102.91%   $ 133,734,596
Other assets and liabilities, net - (2.91%)     (3,776,637)
 
TOTAL NET ASSETS - 100.00%   $ 129,957,959

 

International Value Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 97.86%    
Australia - 1.52%    
Billabong International, Ltd. 677,323 $ 5,284,251
Brambles, Ltd. 769,204 5,628,953
Downer EDI, Ltd. 1,353,200 5,300,726
 
    16,213,930
Austria - 1.01%    
Telekom Austria AG 734,930 10,759,379
Bermuda - 0.57%    
PartnerRe, Ltd. 76,990 6,100,688
Canada - 1.28%    
Talisman Energy, Inc. 549,040 13,574,511
China - 0.86%    
China Telecom Corp., Ltd. 14,998,427 9,171,204
Shanghai Electric Group Company, Ltd. 72,000 36,211
 
    9,207,415
France - 11.42%    
AXA SA 973,101 20,345,244
BNP Paribas 141,050 10,321,625
France Telecom SA 1,261,633 28,300,954
GDF Suez 174,840 7,133,867
Sanofi-Aventis SA 361,873 25,414,982
Total SA 297,576 18,115,413
Vivendi SA 417,353 11,912,079
 
    121,544,164
Germany - 7.28%    
Celesio AG 168,730 4,148,529
E.ON AG 405,520 12,390,602
Merck KGAA (L) 201,570 18,188,193
Muenchener Rueckversicherungs - Gesellschaft    
AG (MunichRe) 111,917 17,599,158
SAP AG 178,650 10,960,591
Siemens AG 103,671 14,201,186
 
    77,488,259
Hong Kong - 1.75%    
AIA Group, Ltd. (I) 1,160,200 3,577,066
Cheung Kong Holdings, Ltd. 690,000 11,238,423

 

248

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

International Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
China Mobile, Ltd. 414,000 $ 3,824,641
 
    18,640,130
Ireland - 1.23%    
CRH PLC (London Exchange) 374,490 8,594,579
Elan Corp. PLC (I) 647,920 4,457,690
 
    13,052,269
Italy - 2.14%    
Autogrill SpA (I) 746,445 10,505,323
UniCredit Italiano SpA 4,969,690 12,290,777
 
    22,796,100
Japan - 7.99%    
Itochu Corp. 663,300 6,945,591
Mitsubishi UFJ Financial Group 1,271,100 5,868,026
Nintendo Company, Ltd. (L) 63,095 17,044,297
NKSJ Holdings, Inc. (I)(L) 1,662,386 10,686,548
Nomura Holdings, Inc. 1,148,700 6,007,267
Sony Corp. 216,204 6,857,101
Toyota Motor Corp. 314,130 12,565,174
Trend Micro, Inc. (I) 289,200 7,635,878
USS Company, Ltd. 147,260 11,454,342
 
    85,064,224
Netherlands - 6.60%    
ING Groep NV (I) 3,105,660 39,417,755
Koninklijke Philips Electronics NV (L) 440,595 14,072,801
Randstad Holdings NV (I)(L) 99,590 5,542,426
Reed Elsevier NV 772,650 9,953,837
Royal Dutch Shell PLC (L) 34,486 1,253,362
 
    70,240,181
Norway - 4.34%    
Statoil ASA 901,710 25,025,111
Telenor ASA 1,285,425 21,154,018
 
    46,179,129
Russia - 1.69%    
Gazprom OAO, SADR (L) 553,000 17,884,020
Gazprom OAO, SADR (London Exchange) 2,300 74,541
 
    17,958,561
Singapore - 3.37%    
Flextronics International, Ltd. (I) 1,997,890 14,924,238
Singapore Telecommunications, Ltd. 8,736,000 20,941,086
 
    35,865,324
South Korea - 4.99%    
KB Financial Group, Inc., ADR (L) 446,463 23,291,975
Samsung Electronics Company, Ltd. 35,115 29,790,848
 
    53,082,823
Spain - 3.33%    
Gamesa Corporacion Tecnologica SA (I) 359,228 3,730,649
Iberdrola SA 1,263,429 10,988,937
Telefonica SA 825,806 20,675,481
 
    35,395,067
Sweden - 1.62%    
Niscayah Group AB 2,531,581 4,873,373
Telefonaktiebolaget LM Ericsson, B Shares 959,984 12,345,145
 
    17,218,518
Switzerland - 7.56%    
Adecco SA 99,830 6,574,850
Basilea Pharmaceutica AG (I) 36,130 2,603,993
Credit Suisse Group AG 9,278 394,270

 

International Value Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS (continued)      
Switzerland (continued)      
Lonza Group AG   41,890 $ 3,509,456
Nestle SA   205,933 11,816,380
Novartis AG   104,680 5,675,454
Roche Holdings AG   197,252 28,175,761
Swiss Reinsurance Company, Ltd.   240,941 13,790,751
UBS AG (Swiss Exchange) (I)   444,726 7,982,741
 
      80,523,656
Taiwan - 5.35%      
Compal Electronics, Inc.   11,027,334 10,941,936
Compal Electronics, Inc., GDR (S)   2,123 10,540
Lite-On Technology Corp.   9,034,893 11,127,231
Siliconware Precision Industries Company   7,118,000 8,813,242
Taiwan Semiconductor      
Manufacturing Company, Ltd.   10,862,581 26,044,731
 
      56,937,680
United Kingdom - 20.57%      
Aviva PLC (I)   3,547,250 24,635,629
BAE Systems PLC   1,631,501 8,513,315
BP PLC   1,512,755 11,017,492
Carillion PLC   1,334,510 8,136,318
G4S PLC   2,626,800 10,762,917
GlaxoSmithKline PLC (I)   1,020,294 19,469,198
Hays PLC   7,322,723 13,664,445
HSBC Holdings PLC   854,437 8,786,402
Kingfisher PLC   3,744,400 14,761,645
Marks & Spencer Group PLC   911,660 4,922,839
Premier Foods PLC (I)   6,627,502 2,971,395
Rexam PLC   1,436,010 8,365,504
Royal Dutch Shell PLC, B Shares   575,946 20,901,161
Tesco PLC (I)   3,246,790 19,835,444
Vodafone Group PLC   14,919,308 42,242,701
 
      218,986,405
United States - 1.39%      
ACE, Ltd.   229,442 14,844,897
TOTAL COMMON STOCKS (Cost $1,007,250,859)   $ 1,041,673,310
 
SECURITIES LENDING COLLATERAL - 5.17%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   5,500,966 55,047,616
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $55,049,004)     $ 55,047,616
 
SHORT-TERM INVESTMENTS - 1.50%    
Time Deposits* - 1.50%      
Bank of Montreal, 0.050%, 04/01/2011 $ 15,900,000 $ 15,900,000
TOTAL SHORT-TERM INVESTMENTS (Cost $15,900,000) $ 15,900,000
Total Investments (International Value Trust)    
(Cost $1,078,199,863) - 104.53%     $ 1,112,620,926
Other assets and liabilities, net - (4.53%)     (48,174,639)
 
TOTAL NET ASSETS - 100.00%     $ 1,064,446,287

 

249

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust    
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 29.42%      
U.S. Government - 19.18%      
Treasury Inflation Protected Securities      
2.000%, 04/15/2012 $ 16,574,903 $ 17,323,359
2.625%, 07/15/2017   2,597,993 2,980,386
U.S. Treasury Bonds      
4.375%, 11/15/2039   4,000,000 3,910,000
4.625%, 02/15/2040   6,125,000 6,240,799
4.750%, 02/15/2041   1,950,000 2,025,563
6.250%, 08/15/2023 (F)   4,000,000 4,961,876
8.125%, 08/15/2019 to 08/15/2021   4,002,000 5,598,230
U.S. Treasury Notes      
0.625%, 02/28/2013   23,850,000 23,774,539
2.500%, 04/30/2015   6,314,700 6,478,983
 
      73,293,735
U.S. Government Agency - 10.24%      
Federal Home Loan Mortgage Corp.      
5.000%, 12/01/2034   1,300,495 1,363,393
6.500%, 04/01/2029 to 08/01/2034   92,906 104,431
7.500%, 04/01/2011 to 05/01/2028   23,628 26,643
Federal National Mortgage Association      
3.500%, TBA   16,000,000 15,037,214
4.000%, TBA   9,000,000 8,836,976
4.660%, 05/01/2013   612,612 636,241
5.616%, 12/01/2011   857,015 856,426
5.867%, 11/01/2011   539,250 551,255
6.062%, 05/01/2012   719,442 733,537
6.064%, 03/01/2012   438,624 443,753
6.500%, TBA   100,000 112,054
7.000%, 06/01/2029   650 739
Government National      
Mortgage Association      
4.000%, TBA   9,000,000 8,984,632
6.000%, 12/15/2013 to 04/15/2035   201,591 221,866
6.500%, 06/15/2028 to 02/15/2035   122,367 137,963
7.000%, 11/15/2031 to 11/15/2033   749,239 851,778
8.000%, 07/15/2030   7,384 8,484
7.498%, 08/01/2011   213,000 214,267
 
      39,121,652
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $112,228,642)   $ 112,415,387
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 1.50%      
Brazil - 1.11%      
Federative Republic of Brazil      
5.875%, 01/15/2019   1,025,000 1,135,188
10.000%, 01/01/2012 BRL 5,030,000 3,107,897
 
      4,243,085
Qatar - 0.22%      
Government of Qatar      
4.000%, 01/20/2015 (S) $ 800,000 826,000
South Africa - 0.17%      
Eskom Holdings, Ltd.      
5.750%, 01/26/2021 (S)   640,000 648,800
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $5,279,247)   $ 5,717,885
 
CORPORATE BONDS - 55.50%      
Consumer Discretionary - 5.06%      
Affinia Group, Inc.      
9.000%, 11/30/2014   25,000 25,750
10.750%, 08/15/2016 (S)   13,000 14,771

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
AMC Entertainment, Inc.      
8.750%, 06/01/2019 $ 45,000 $ 48,825
Caesars Entertainment Operating      
Company, Inc.      
11.250%, 06/01/2017   25,000 28,406
Catalina Marketing Corp. PIK      
10.500%, 10/01/2015 (S)   35,000 37,888
CBS Corp.      
5.750%, 04/15/2020   385,000 406,625
8.200%, 05/15/2014   745,000 872,468
CCO Holdings LLC/CCO      
Holdings Capital Corp.      
7.875%, 04/30/2018   15,000 15,938
8.125%, 04/30/2020   10,000 10,875
Clear Channel Worldwide Holdings, Inc.,      
Series B      
9.250%, 12/15/2017   20,000 21,925
Comcast Cable Communications LLC      
8.500%, 05/01/2027   556,000 664,343
Comcast Corp.      
5.700%, 05/15/2018   545,000 592,686
COX Communications, Inc.      
8.375%, 03/01/2039 (S)   150,000 190,403
CSC Holdings, Inc.      
7.625%, 07/15/2018   184,000 201,480
D.R. Horton, Inc.      
7.875%, 08/15/2011   45,000 45,450
Daimler Finance North America LLC      
8.500%, 01/18/2031   575,000 772,850
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
3.500%, 03/01/2016   975,000 975,850
4.750%, 10/01/2014   440,000 473,291
Easton-Bell Sports, Inc.      
9.750%, 12/01/2016   25,000 28,125
Ford Motor Company      
7.450%, 07/16/2031   75,000 81,143
Grupo Televisa SA      
6.625%, 01/15/2040   690,000 730,785
HSN, Inc.      
11.250%, 08/01/2016   25,000 28,313
Liberty Media LLC      
8.250%, 02/01/2030   103,000 100,168
Limited Brands, Inc.      
7.000%, 05/01/2020   95,000 100,581
Macy’s Retail Holdings, Inc.      
5.875%, 01/15/2013   1,231,000 1,309,476
5.900%, 12/01/2016   190,000 204,250
6.900%, 04/01/2029   419,000 424,238
Mediacom Broadband LLC / Mediacom      
Broadband Corp      
8.500%, 10/15/2015   78,000 80,925
MGM Resorts International      
9.000%, 03/15/2020   10,000 10,963
10.375%, 05/15/2014   5,000 5,725
11.125%, 11/15/2017   5,000 5,725
NetFlix, Inc.      
8.500%, 11/15/2017   45,000 50,681
News America, Inc.      
4.500%, 02/15/2021 (S)   115,000 112,492
6.150%, 02/15/2041 (S)   550,000 545,404
7.750%, 01/20/2024   622,000 713,326
Peninsula Gaming LLC / Peninsula      
Gaming Corp      
8.375%, 08/15/2015   20,000 21,350

 

250

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Phillips-Van Heusen Corp.      
7.375%, 05/15/2020 $ 25,000 $ 26,438
Quebecor Media, Inc.      
7.750%, 03/15/2016   70,000 72,626
QVC, Inc.      
7.500%, 10/01/2019 (S)   40,000 42,000
Royal Caribbean Cruises, Ltd.      
11.875%, 07/15/2015   15,000 18,413
Service Corp. International      
7.375%, 10/01/2014   10,000 10,975
7.625%, 10/01/2018   20,000 21,850
Sinclair Television Group, Inc.      
9.250%, 11/01/2017 (S)   15,000 16,725
Staples, Inc.      
9.750%, 01/15/2014   935,000 1,121,687
Stonemor Operating LLC/Cornerstone      
Family Services      
10.250%, 12/01/2017   20,000 20,550
TCI Communications, Inc.      
8.750%, 08/01/2015   692,000 838,550
Tenneco, Inc.      
8.125%, 11/15/2015   40,000 42,800
The Interpublic Group of Companies, Inc.      
10.000%, 07/15/2017   85,000 101,150
The Neiman Marcus Group, Inc., PIK      
9.000%, 10/15/2015   30,000 31,350
Time Warner Cable, Inc.      
5.850%, 05/01/2017   1,895,000 2,069,451
6.550%, 05/01/2037   450,000 457,673
8.250%, 02/14/2014   205,000 238,157
Time Warner Companies, Inc.      
7.250%, 10/15/2017   390,000 458,266
Time Warner, Inc.      
6.250%, 03/29/2041   300,000 297,825
7.700%, 05/01/2032   1,298,000 1,512,662
TRW Automotive, Inc.      
7.250%, 03/15/2017 (S)   155,000 170,500
Viacom, Inc.      
4.500%, 03/01/2021   225,000 219,546
6.125%, 10/05/2017   1,300,000 1,461,494
Videotron Ltee      
9.125%, 04/15/2018   25,000 28,063
Wynn Las Vegas LLC/Wynn Las Vegas      
Capital Corp.      
7.750%, 08/15/2020   80,000 84,800
 
      19,317,045
Consumer Staples - 5.05%      
Altria Group, Inc.      
9.250%, 08/06/2019   360,000 469,247
9.700%, 11/10/2018   900,000 1,181,995
10.200%, 02/06/2039   300,000 425,635
Anheuser-Busch InBev Worldwide, Inc.      
6.875%, 11/15/2019   360,000 424,685
7.750%, 01/15/2019   875,000 1,075,082
BAT International Finance PLC      
9.500%, 11/15/2018 (S)   465,000 614,458
Cargill, Inc.      
5.600%, 09/15/2012 (S)   1,285,000 1,366,500
Cia de Bebidas das Americas      
8.750%, 09/15/2013   780,000 890,370
Coca-Cola Enterprises, Inc.      
2.125%, 09/15/2015   950,000 922,206
Constellation Brands, Inc.      
7.250%, 09/01/2016 to 05/15/2017   120,000 130,013

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
CVS Caremark Corp.      
6.125%, 08/15/2016 to 09/15/2039 $ 855,000 $ 889,254
6.250%, 06/01/2027   310,000 339,545
CVS Pass-Through Trust      
6.943%, 01/10/2030   540,537 587,472
DJO Finance LLC/DJO Finance Corp.      
10.875%, 11/15/2014   10,000 10,900
General Mills, Inc.      
5.200%, 03/17/2015   445,000 488,063
5.650%, 02/15/2019   225,000 249,061
Kraft Foods, Inc.      
4.125%, 02/09/2016   1,040,000 1,077,143
6.500%, 11/01/2031   564,000 619,666
6.875%, 02/01/2038   300,000 332,604
Lorillard Tobacco Company      
6.875%, 05/01/2020   170,000 183,613
PepsiCo, Inc.      
7.900%, 11/01/2018   107,000 135,617
Philip Morris International, Inc.      
5.650%, 05/16/2018   1,000,000 1,111,311
Procter & Gamble      
9.360%, 01/01/2021   323,084 421,117
Revlon Consumer Products Corp.      
9.750%, 11/15/2015   25,000 27,063
Reynolds American, Inc.      
7.250%, 06/01/2013   295,000 329,777
Rite Aid Corp.      
10.375%, 07/15/2016   50,000 53,875
Smithfield Foods, Inc.      
10.000%, 07/15/2014   65,000 76,538
Smithfield Foods, Inc., Series B      
7.750%, 05/15/2013   19,000 20,425
The Kroger Company      
4.950%, 01/15/2015   700,000 754,391
6.750%, 04/15/2012   671,000 711,005
Tyson Foods, Inc.      
10.500%, 03/01/2014   15,000 18,000
Wal-Mart Stores, Inc.      
6.200%, 04/15/2038   1,950,000 2,140,872
WM Wrigley Jr. Company      
3.700%, 06/30/2014 (S)   1,175,000 1,200,696
Yankee Candle Company, Inc., Series B      
9.750%, 02/15/2017   10,000 10,638
 
      19,288,837
Energy - 4.32%      
Anadarko Petroleum Corp.      
6.375%, 09/15/2017   30,000 32,978
6.450%, 09/15/2036   640,000 639,174
Antero Resources Finance Corp.      
9.375%, 12/01/2017   20,000 21,800
Aquilex Holdings LLC/Aquilex      
Finance Corp.      
11.125%, 12/15/2016   20,000 21,125
Berry Petroleum Company      
10.250%, 06/01/2014   10,000 11,600
BP Capital Markets PLC      
3.125%, 10/01/2015   1,350,000 1,355,291
4.750%, 03/10/2019   115,000 119,506
Burlington Resources Finance Company      
7.400%, 12/01/2031   541,000 665,361
Canadian Natural Resources, Ltd.      
5.150%, 02/01/2013   350,000 372,728
Chesapeake Energy Corp.      
6.500%, 08/15/2017   65,000 70,281

 

251

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Chesapeake Energy Corp. (continued)      
6.875%, 11/15/2020 $ 60,000 $ 64,800
ConocoPhillips      
4.600%, 01/15/2015   635,000 691,179
5.900%, 05/15/2038   400,000 421,216
Consol Energy Inc.      
8.000%, 04/01/2017   25,000 27,375
8.250%, 04/01/2020   25,000 27,719
El Paso Corp.      
7.000%, 06/15/2017   235,000 262,798
El Paso Natural Gas Company      
5.950%, 04/15/2017   85,000 93,417
Encana Corp.      
5.900%, 12/01/2017   450,000 503,403
Energy Transfer Equity LP      
7.500%, 10/15/2020   70,000 76,125
Enterprise Products Operating LLC      
3.200%, 02/01/2016   330,000 327,361
5.250%, 01/31/2020   795,000 823,893
Harvest Operations Corp.      
6.875%, 10/01/2017 (S)   50,000 51,875
Kinder Morgan Energy Partners LP      
6.500%, 09/01/2039   300,000 307,463
6.850%, 02/15/2020   1,045,000 1,195,632
Kinder Morgan Finance Company LLC      
6.000%, 01/15/2018 (S)   51,000 52,658
Motiva Enterprises LLC      
5.200%, 09/15/2012 (S)   952,000 998,369
Newfield Exploration Company      
6.625%, 04/15/2016   25,000 25,844
7.125%, 05/15/2018   40,000 43,000
Nexen, Inc.      
7.500%, 07/30/2039   125,000 140,647
NGPL PipeCo LLC      
6.514%, 12/15/2012 (S)   1,850,000 1,980,606
Peabody Energy Corp.      
6.500%, 09/15/2020   116,000 124,410
7.375%, 11/01/2016   60,000 66,600
Petrobras International Finance Company      
5.375%, 01/27/2021   1,400,000 1,402,528
Pioneer Natural Resources Company      
6.650%, 03/15/2017   75,000 81,253
6.875%, 05/01/2018   35,000 37,957
Plains All American Pipeline LP / PAA      
Finance Corp.      
5.000%, 02/01/2021   230,000 230,329
Plains All American Pipeline LP/PAA      
Finance Corp.      
5.750%, 01/15/2020   435,000 464,926
Pride International, Inc.      
6.875%, 08/15/2020   20,000 22,675
Range Resources Corp.      
7.500%, 05/15/2016 to 10/01/2017   70,000 74,000
Ras Laffan Liquefied Natural Gas      
Company, Ltd. III      
5.500%, 09/30/2014 (S)   395,000 423,528
TransCanada Pipelines, Ltd.      
7.625%, 01/15/2039   690,000 854,401
Transocean, Inc.      
4.950%, 11/15/2015   800,000 844,436
Valero Energy Corp.      
8.750%, 06/15/2030   403,000 469,693
 
      16,521,960

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials - 25.11%      
ACE INA Holdings, Inc.      
5.700%, 02/15/2017 $ 160,000 $ 175,225
AIG Retirement Services, Inc.      
8.125%, 04/28/2023   865,000 937,678
Allied World Assurance Company      
Holdings, Ltd.      
7.500%, 08/01/2016   485,000 540,145
AMB Property LP      
6.125%, 12/01/2016   505,000 551,954
7.500%, 06/30/2018   364,000 411,572
American Express Centurion Bank      
6.000%, 09/13/2017   1,200,000 1,335,050
American Express Credit Corp.      
5.125%, 08/25/2014   750,000 808,266
American International Group, Inc.      
6.250%, 03/15/2037   100,000 91,500
Ameriprise Financial, Inc.      
5.300%, 03/15/2020   305,000 322,834
AvalonBay Communities, Inc.      
3.950%, 01/15/2021   775,000 746,964
5.500%, 01/15/2012   224,000 231,578
AXA Equitable Life Insurance Company      
7.700%, 12/01/2015 (S)   680,000 741,804
AXA Financial, Inc.      
7.000%, 04/01/2028   865,000 909,975
Bank of America Corp.      
5.420%, 03/15/2017   1,700,000 1,733,679
5.625%, 07/01/2020   1,500,000 1,537,808
5.750%, 12/01/2017   600,000 631,234
Bank of Tokyo-Mitsubishi UFJ, Ltd.      
7.400%, 06/15/2011   450,000 455,809
Barclays Bank PLC      
6.050%, 12/04/2017 (S)   850,000 884,296
Brandywine Operating Partnership LP      
4.950%, 04/15/2018   400,000 394,740
5.700%, 05/01/2017   825,000 853,647
Buffalo Thunder Development Authority      
9.375%, 12/15/2014 (H)(S)   85,000 31,025
Capital One Financial Corp.      
6.150%, 09/01/2016   950,000 1,038,793
7.375%, 05/23/2014   135,000 154,820
CIT Group, Inc.      
7.000%, 05/01/2013 to 05/01/2017   80,297 80,685
Citigroup, Inc.      
4.875%, 05/07/2015   614,000 632,300
5.500%, 08/27/2012   1,525,000 1,606,054
6.125%, 05/15/2018   660,000 718,670
6.500%, 08/19/2013   1,105,000 1,207,354
6.875%, 03/05/2038   550,000 604,419
Credit Acceptance Corp.      
9.125%, 02/01/2017   25,000 27,031
Credit Agricole SA/London      
3.500%, 04/13/2015 (S)   1,220,000 1,224,087
Credit Suisse New York      
4.375%, 08/05/2020   1,500,000 1,462,928
Discover Financial Services      
6.450%, 06/12/2017   885,000 952,946
DuPont Fabros Technology LP      
8.500%, 12/15/2017   75,000 82,594
Equity One, Inc.      
6.000%, 09/15/2017   700,000 719,104
ERAC USA Finance LLC      
5.250%, 10/01/2020 (S)   1,200,000 1,233,763
ERP Operating LP      
5.250%, 09/15/2014   675,000 733,631

 

252

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
ERP Operating LP (continued)      
5.375%, 08/01/2016 $ 500,000 $ 542,895
Everest Reinsurance Holdings, Inc.,      
(6.600% to 05/15/2017, then 3 month      
LIBOR + 2.385%)      
05/15/2037   1,475,000 1,401,250
Farmers Exchange Capital      
7.050%, 07/15/2028 (S)   725,000 726,924
Fifth Third Bancorp      
3.625%, 01/25/2016   610,000 608,397
Ford Motor Credit Company LLC      
7.000%, 10/01/2013   84,000 90,613
8.125%, 01/15/2020   100,000 114,397
General Electric Capital Corp.      
2.800%, 01/08/2013   1,750,000 1,789,534
3.750%, 11/14/2014   1,000,000 1,040,750
4.625%, 01/07/2021   1,135,000 1,116,040
5.300%, 02/11/2021   755,000 765,661
5.625%, 05/01/2018   500,000 539,637
5.875%, 01/14/2038   750,000 740,456
Harley-Davidson Funding Corp.      
5.750%, 12/15/2014 (S)   400,000 428,148
Hartford Financial Services Group, Inc.,      
(8.125% to 06/15/2018, then 3 month      
LIBOR + 4.6025%)      
06/15/2038   95,000 104,025
HBOS PLC      
6.000%, 11/01/2033 (S)   610,000 458,728
HCP, Inc.      
5.650%, 12/15/2013   450,000 487,038
5.950%, 09/15/2011   450,000 459,918
7.072%, 06/08/2015   433,000 484,176
Health Care REIT, Inc.      
5.250%, 01/15/2022   781,000 760,760
Host Hotels & Resorts LP      
6.000%, 11/01/2020   205,000 201,413
6.375%, 03/15/2015   20,000 20,425
6.875%, 11/01/2014   15,000 15,525
7.125%, 11/01/2013   4,000 4,060
HSBC Holdings PLC      
0.490%, 10/06/2016 (P)   1,350,000 1,331,867
6.800%, 06/01/2038   500,000 523,555
HSBC USA, Inc.      
9.500%, 04/15/2014   865,000 995,983
International Lease Finance Corp.      
5.650%, 06/01/2014   100,000 100,500
6.375%, 03/25/2013   125,000 129,375
6.500%, 09/01/2014 (S)   20,000 21,350
6.625%, 11/15/2013   25,000 25,875
6.750%, 09/01/2016 (S)   25,000 26,750
7.125%, 09/01/2018 (S)   20,000 21,490
8.875%, 09/15/2015 (S)   25,000 27,500
Jackson National Life Insurance Company      
8.150%, 03/15/2027 (S)   648,000 717,281
JPMorgan Chase & Company      
3.450%, 03/01/2016   500,000 497,323
3.700%, 01/20/2015   1,250,000 1,284,254
4.250%, 10/15/2020   510,000 486,662
6.000%, 01/15/2018   1,120,000 1,226,139
Kimco Realty Corp.      
5.584%, 11/23/2015   410,000 442,028
6.875%, 10/01/2019   560,000 652,543
Lazard Group LLC      
6.850%, 06/15/2017   1,290,000 1,371,702

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
LBG Capital No.1 PLC      
7.875%, 11/01/2020 (S) $ 200,000 $ 195,100
Liberty Mutual Insurance Company      
7.697%, 10/15/2097 (S)   1,000,000 919,619
Liberty Property LP      
6.625%, 10/01/2017   210,000 236,532
Lincoln National Corp.      
4.300%, 06/15/2015   725,000 751,054
Lloyds TSB Bank PLC      
4.375%, 01/12/2015 (S)   350,000 356,126
Massachusetts Mutual Life Insurance      
Company      
8.875%, 06/01/2039 (S)   550,000 752,157
Merrill Lynch & Company, Inc.      
5.700%, 05/02/2017   550,000 570,171
6.220%, 09/15/2026   370,000 367,492
6.400%, 08/28/2017   1,800,000 1,959,646
7.750%, 05/14/2038   300,000 344,458
Metropolitan Life Global Funding I      
3.125%, 01/11/2016 (S)   2,050,000 2,028,641
5.125%, 04/10/2013 (S)   535,000 570,599
Mizuho Financial Group Cayman, Ltd.      
5.790%, 04/15/2014 (S)   529,000 567,416
Morgan Stanley      
4.200%, 11/20/2014   650,000 670,324
5.550%, 04/27/2017   285,000 299,457
5.750%, 01/25/2021   255,000 256,988
6.000%, 04/28/2015   600,000 652,518
6.250%, 08/28/2017   1,320,000 1,432,856
6.625%, 04/01/2018   1,225,000 1,344,146
Nationwide Mutual Insurance Company      
8.250%, 12/01/2031 (S)   865,000 936,284
NBD Bancorp NA      
8.250%, 11/01/2024   1,730,000 2,120,622
Nomura Holdings, Inc.      
5.000%, 03/04/2015   485,000 501,683
Ohio National Life Insurance Company      
8.500%, 05/15/2026 (S)   995,000 1,001,246
Petroleum Export, Ltd.      
5.265%, 06/15/2011 (S)   38,962 38,926
PNC Funding Corp.      
5.625%, 02/01/2017   1,100,000 1,191,793
Principal Life Global Funding I      
6.125%, 10/15/2033 (S)   697,000 694,032
Provident Funding Associates LP/PFG      
Finance Corp.      
10.250%, 04/15/2017 (S)   80,000 89,200
Prudential Financial, Inc.      
4.750%, 09/17/2015   900,000 956,730
5.150%, 01/15/2013   865,000 913,894
Realty Income Corp.      
6.750%, 08/15/2019   660,000 752,118
Reinsurance Group of America, Inc.      
6.750%, 12/15/2011   865,000 896,257
SLM Corp.      
6.250%, 01/25/2016   1,161,000 1,210,343
8.000%, 03/25/2020   10,000 10,900
8.450%, 06/15/2018   40,000 44,800
Sovereign Bank      
8.750%, 05/30/2018   250,000 282,193
Springleaf Finance Corp.      
5.375%, 10/01/2012   346,000 340,378
Standard Chartered PLC      
3.850%, 04/27/2015 (S)   360,000 368,012

 

253

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Sun Canada Financial Company      
7.250%, 12/15/2015 (S) $ 1,471,000 $ 1,658,920
SunTrust Banks, Inc.      
3.600%, 04/15/2016   705,000 699,870
The Bear Stearns Companies LLC      
6.400%, 10/02/2017   85,000 95,359
The Charles Schwab Corp.      
4.950%, 06/01/2014   515,000 559,107
The Goldman Sachs Group, Inc.      
3.625%, 02/07/2016   1,150,000 1,137,133
5.375%, 03/15/2020   180,000 182,503
6.000%, 05/01/2014   805,000 883,214
6.150%, 04/01/2018   500,000 541,163
6.250%, 02/01/2041   530,000 527,805
6.750%, 10/01/2037   2,030,000 2,047,517
7.500%, 02/15/2019   225,000 261,020
The Royal Bank of Scotland PLC      
4.875%, 08/25/2014 (S)   700,000 726,103
UDR, Inc.      
6.050%, 06/01/2013   500,000 531,156
Unitrin, Inc.      
6.000%, 05/15/2017   705,000 724,838
UnumProvident Finance Company PLC      
6.850%, 11/15/2015 (S)   390,000 433,584
US Bancorp      
7.500%, 06/01/2026   1,624,000 1,793,144
Virgin Media Secured Finance PLC      
6.500%, 01/15/2018   140,000 152,950
W.R. Berkley Corp.      
5.600%, 05/15/2015   377,000 398,127
Wachovia Bank NA      
6.919%, 12/15/2036   500,000 559,476
WCI Finance LLC/WEA Finance LLC      
5.400%, 10/01/2012 (S)   800,000 845,986
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
7.500%, 06/02/2014 (S)   370,000 423,124
Wells Fargo & Company      
3.676%, 06/15/2016   1,250,000 1,255,276
4.600%, 04/01/2021   380,000 375,190
4.950%, 10/16/2013   2,410,000 2,572,205
Wells Fargo & Company, Series K      
(7.980% to 03/15/2018, then 3 month      
LIBOR + 3.770%)      
03/15/2018 (Q)   70,000 76,650
Weyerhaeuser Company      
7.950%, 03/15/2025   260,000 289,652
 
      95,964,692
Health Care - 2.50%      
Alere, Inc.      
9.000%, 05/15/2016   35,000 37,275
AmerisourceBergen Corp.      
4.875%, 11/15/2019   80,000 82,870
5.875%, 09/15/2015   1,260,000 1,402,442
Amgen, Inc.      
6.400%, 02/01/2039   545,000 604,402
Bio-Rad Laboratories, Inc.      
8.000%, 09/15/2016   15,000 16,613
Biomet, Inc.      
10.000%, 10/15/2017   10,000 10,963
BioScrip, Inc.      
10.250%, 10/01/2015   15,000 15,619
Community Health Systems, Inc.      
8.875%, 07/15/2015   35,000 36,925

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Health Care (continued)      
Elan Finance PLC / Elan Finance Corp.      
8.875%, 12/01/2013 $ 75,000 $ 77,531
Express Scripts, Inc.      
6.250%, 06/15/2014   525,000 582,738
Fresenius US Finance II, Inc.      
9.000%, 07/15/2015 (S)   45,000 51,581
HCA, Inc.      
6.375%, 01/15/2015   15,000 15,300
8.500%, 04/15/2019   125,000 138,750
HCA, Inc., PIK      
9.625%, 11/15/2016   84,000 90,510
McKesson Corp.      
7.500%, 02/15/2019   65,000 78,517
Medco Health Solutions, Inc.      
7.125%, 03/15/2018   415,000 483,183
Merck & Company, Inc.      
3.875%, 01/15/2021   785,000 767,117
4.000%, 06/30/2015   725,000 770,985
Pfizer, Inc.      
6.200%, 03/15/2019   1,030,000 1,185,374
Quest Diagnostics, Inc.      
3.200%, 04/01/2016   430,000 426,629
Roche Holdings, Inc.      
6.000%, 03/01/2019 (S)   1,025,000 1,160,264
St Jude Medical, Inc.      
2.500%, 01/15/2016   515,000 504,495
Tenet Healthcare Corp.      
8.875%, 07/01/2019   150,000 171,000
Thermo Fisher Scientific, Inc.      
3.200%, 05/01/2015   255,000 260,773
WellPoint, Inc.      
7.000%, 02/15/2019   485,000 574,113
 
      9,545,969
Industrials - 1.32%      
ACCO Brands Corp.      
7.625%, 08/15/2015   30,000 30,600
10.625%, 03/15/2015   10,000 11,275
BE Aerospace, Inc.      
6.875%, 10/01/2020   50,000 51,750
Bombardier, Inc.      
7.500%, 03/15/2018 (S)   15,000 16,200
7.750%, 03/15/2020 (S)   75,000 81,469
Case New Holland, Inc.      
7.750%, 09/01/2013   35,000 38,106
7.875%, 12/01/2017 (S)   75,000 83,344
Cenveo Corp.      
7.875%, 12/01/2013   15,000 14,588
Clean Harbors, Inc.      
7.625%, 08/15/2016   9,000 9,551
CNH America LLC      
7.250%, 01/15/2016   30,000 32,775
Continental Airlines 1997-4 Class A Pass      
Through Trust      
6.900%, 01/02/2018   225,915 240,034
Continental Airlines 1998-1 Class A Pass      
Through Trust      
6.648%, 09/15/2017   375,945 395,683
Continental Airlines 2005-ERJ1 Pass      
Through Trust      
9.798%, 04/01/2021   23,339 24,623
Continental Airlines 2007-1 Class A Pass      
Through Trust      
5.983%, 04/19/2022   14,469 14,831

 

254

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Continental Airlines 2007-1 Class B Pass      
Through Trust      
6.903%, 04/19/2022 $ 4,911 $ 4,948
Deluxe Corp.      
7.375%, 06/01/2015   110,000 113,988
Esterline Technologies Corp.      
7.000%, 08/01/2020   45,000 47,081
General Electric Company      
5.250%, 12/06/2017   1,125,000 1,223,264
Harland Clarke Holdings Corp.      
9.500%, 05/15/2015   40,000 39,550
Huntington Ingalls Industries, Inc.      
6.875%, 03/15/2018 (S)   16,000 16,700
7.125%, 03/15/2021 (S)   26,000 27,105
Marquette Transportation Company /      
Marquette Transportation Finance      
10.875%, 01/15/2017   30,000 31,275
Masco Corp.      
6.500%, 08/15/2032   110,000 99,251
Meritor, Inc.      
8.125%, 09/15/2015   25,000 26,000
10.625%, 03/15/2018   30,000 33,750
Navios Maritime Holdings, Inc. / Navios      
Maritime Finance US, Inc.      
8.875%, 11/01/2017   75,000 81,281
Navistar International Corp.      
8.250%, 11/01/2021   45,000 49,894
Owens Corning      
9.000%, 06/15/2019   15,000 17,707
Republic Services, Inc.      
5.250%, 11/15/2021   460,000 480,925
Southwest Airlines Company 2007-1 Pass      
Through Trust      
6.150%, 08/01/2022   657,643 713,543
SPX Corp.      
7.625%, 12/15/2014   30,000 33,038
Textron, Inc.      
7.250%, 10/01/2019   380,000 437,562
United Rentals North America, Inc.      
10.875%, 06/15/2016   15,000 17,325
US Airways 2010-1 Class A Pass      
Through Trust      
6.250%, 04/22/2023   75,000 74,925
Waste Management, Inc.      
6.375%, 03/11/2015   375,000 424,411
 
      5,038,352
Information Technology - 0.45%      
Avnet, Inc.      
6.625%, 09/15/2016   500,000 546,475
eAccess, Ltd.      
8.250%, 04/01/2018 (S)   25,000 25,656
Equinix, Inc.      
8.125%, 03/01/2018   45,000 48,713
Freescale Semiconductor, Inc.      
8.875%, 12/15/2014   60,000 62,175
Jabil Circuit, Inc.      
5.625%, 12/15/2020   35,000 34,781
Mantech International Corp.      
7.250%, 04/15/2018   55,000 57,750
Seagate HDD Cayman      
6.875%, 05/01/2020 (S)   85,000 84,788
Seagate Technology HDD Holdings      
6.800%, 10/01/2016   10,000 10,488

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Information Technology (continued)      
Seagate Technology International      
10.000%, 05/01/2014 (S) $ 68,000 $ 79,220
Xerox Corp.      
6.400%, 03/15/2016   400,000 452,820
8.250%, 05/15/2014   270,000 315,358
 
      1,718,224
Materials - 2.14%      
Agrium, Inc.      
7.125%, 05/23/2036   750,000 866,919
Alcoa, Inc,      
6.150%, 08/15/2020   355,000 374,602
Alcoa, Inc.      
5.720%, 02/23/2019   400,000 415,415
ArcelorMittal      
5.375%, 06/01/2013   425,000 451,651
6.125%, 06/01/2018   615,000 650,837
Ashland, Inc.      
9.125%, 06/01/2017   25,000 28,688
Ball Corp.      
5.750%, 05/15/2021   82,000 80,360
6.750%, 09/15/2020   80,000 83,600
Celanese US Holdings LLC      
6.625%, 10/15/2018 (S)   30,000 30,900
CF Industries, Inc.      
6.875%, 05/01/2018   45,000 50,513
7.125%, 05/01/2020   45,000 51,075
Clearwater Paper Corp.      
7.125%, 11/01/2018 (S)   40,000 41,900
Corp Nacional del Cobre de Chile      
6.375%, 11/30/2012 (S)   335,000 360,054
Cytec Industries, Inc.      
6.000%, 10/01/2015   1,250,000 1,366,279
Fibria Overseas Finance, Ltd.      
7.500%, 05/04/2020 (S)   125,000 135,625
Georgia-Pacific LLC      
5.400%, 11/01/2020 (S)   45,000 44,371
7.125%, 01/15/2017 (S)   40,000 42,450
International Paper Company      
7.300%, 11/15/2039   360,000 402,754
Lyondell Chemical Company      
8.000%, 11/01/2017 (S)   100,000 110,250
MeadWestvaco Corp.      
7.375%, 09/01/2019   325,000 349,385
Nalco Company      
6.625%, 01/15/2019 (S)   65,000 66,869
Neenah Paper, Inc.      
7.375%, 11/15/2014   21,000 21,578
NewPage Corp.      
11.375%, 12/31/2014   10,000 10,013
Owens-Brockway Glass Container, Inc.      
7.375%, 05/15/2016   75,000 82,219
Rio Tinto Finance USA, Ltd.      
1.875%, 11/02/2015   525,000 504,716
Rock-Tenn Company      
9.250%, 03/15/2016   35,000 38,500
Solutia, Inc.      
8.750%, 11/01/2017   5,000 5,500
The Dow Chemical Company      
4.250%, 11/15/2020   390,000 371,886
5.900%, 02/15/2015   800,000 885,528
Vale Canada, Ltd.      
5.700%, 10/15/2015   217,000 235,126
 
      8,159,563

 

255

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services - 4.89%      
Ameritech Capital Funding Corp.      
6.450%, 01/15/2018 $ 952,000 $ 1,061,312
AT&T Mobility LLC      
7.125%, 12/15/2031   433,000 503,066
AT&T Wireless Services, Inc.      
8.125%, 05/01/2012   364,000 391,619
AT&T, Inc.      
5.350%, 09/01/2040 (S)   865,000 774,172
5.500%, 02/01/2018   225,000 245,384
6.300%, 01/15/2038   1,000,000 1,007,121
British Telecommunications PLC      
5.150%, 01/15/2013   780,000 829,287
COX Communications, Inc.      
5.875%, 12/01/2016 (S)   850,000 937,638
7.125%, 10/01/2012   532,000 577,192
Cricket Communications, Inc.      
7.750%, 05/15/2016   50,000 53,125
France Telecom SA      
4.375%, 07/08/2014   445,000 477,539
Frontier Communications Corp.      
7.125%, 03/15/2019   140,000 142,100
8.250%, 04/15/2017   115,000 124,200
8.500%, 04/15/2020   5,000 5,419
GTE Corp.      
8.750%, 11/01/2021   865,000 1,114,738
Intelsat Jackson Holdings SA      
8.500%, 11/01/2019   25,000 26,875
Intelsat Subsidiary Holding Company SA      
8.875%, 01/15/2015 (S)   95,000 97,613
NBCUniversal Media LLC      
5.150%, 04/30/2020 (S)   1,200,000 1,234,994
Qwest Communications International, Inc.      
8.000%, 10/01/2015   40,000 44,150
Qwest Corp.      
7.500%, 10/01/2014   55,000 62,838
8.375%, 05/01/2016   390,000 464,100
Rogers Communications, Inc.      
6.250%, 06/15/2013   400,000 440,470
SBA Telecommunications, Inc.      
8.000%, 08/15/2016   5,000 5,444
8.250%, 08/15/2019   40,000 44,200
Sitel LLC/Sitel Finance Corp.      
11.500%, 04/01/2018 (S)   35,000 32,594
Sorenson Communications, Inc.      
10.500%, 02/01/2015 (S)   5,000 3,725
Sprint Capital Corp.      
6.900%, 05/01/2019   55,000 56,788
Sprint Nextel Corp.      
6.000%, 12/01/2016   28,000 28,105
Telecom Italia Capital SA      
5.250%, 11/15/2013   650,000 685,742
6.000%, 09/30/2034   347,000 313,761
6.200%, 07/18/2011   1,270,000 1,289,181
Telefonica Emisiones SAU      
3.992%, 02/16/2016   810,000 812,885
7.045%, 06/20/2036   575,000 623,007
Verizon Communications, Inc.      
5.550%, 02/15/2016   1,120,000 1,242,362
6.400%, 02/15/2038   675,000 706,662
6.900%, 04/15/2038   600,000 665,386
Verizon Wireless Capital LLC      
5.550%, 02/01/2014   1,295,000 1,420,763
Windstream Corp.      
7.875%, 11/01/2017   65,000 69,713

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
Windstream Corp. (continued)      
8.125%, 09/01/2018 $ 60,000 $ 64,050
 
      18,679,320
Utilities - 4.66%      
Atmos Energy Corp.      
6.350%, 06/15/2017   195,000 216,970
Carolina Power & Light Company      
6.500%, 07/15/2012   1,254,000 1,338,128
CenterPoint Energy Resources Corp.      
6.125%, 11/01/2017   400,000 443,324
CenterPoint Energy Resources Corp.,      
Series B      
5.950%, 01/15/2014   700,000 764,525
CenterPoint Energy, Inc.      
6.500%, 05/01/2018   165,000 185,112
Commonwealth Edison Company      
5.950%, 08/15/2016   400,000 448,337
6.150%, 03/15/2012   273,000 286,569
Dominion Resources, Inc.      
6.400%, 06/15/2018   870,000 992,355
7.000%, 06/15/2038   425,000 495,998
Duke Energy Corp.      
5.650%, 06/15/2013   1,300,000 1,413,585
Edison International      
3.750%, 09/15/2017   495,000 486,366
Ferrellgas LP/Ferrellgas Finance Corp.      
6.500%, 05/01/2021 (S)   55,000 53,350
Georgia Power Company      
5.250%, 12/15/2015   250,000 277,223
Intergen NV      
9.000%, 06/30/2017 (S)   85,000 91,588
Ipalco Enterprises, Inc.      
7.250%, 04/01/2016 (S)   15,000 16,238
Nevada Power Company      
6.500%, 08/01/2018   450,000 515,848
New York State Electric & Gas Corp.      
5.750%, 05/01/2023   476,000 487,642
NiSource Finance Corp.      
6.400%, 03/15/2018   385,000 430,003
Northern States Power Company      
6.500%, 03/01/2028   433,000 505,202
NRG Energy, Inc.      
7.375%, 02/01/2016 to 01/15/2017   85,000 88,463
Ohio Edison Company      
6.875%, 07/15/2036   450,000 487,013
Oncor Electric Delivery Company LLC      
7.500%, 09/01/2038   395,000 472,721
Potomac Electric Power Company      
6.500%, 11/15/2037   750,000 857,114
Progress Energy, Inc.      
4.400%, 01/15/2021   400,000 396,528
Puget Sound Energy, Inc.      
5.757%, 10/01/2039   440,000 445,125
7.000%, 03/09/2029   346,000 382,711
Sempra Energy      
6.000%, 10/15/2039   500,000 508,658
Sierra Pacific Power Company, Series M      
6.000%, 05/15/2016   425,000 478,335
Southern California Edison Company      
6.000%, 01/15/2034   649,000 704,639
The AES Corp.      
8.000%, 06/01/2020   100,000 108,000
Union Electric Company      
6.400%, 06/15/2017   1,930,000 2,186,308

 

256

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Wisconsin Energy Corp.      
6.200%, 04/01/2033 $ 217,000 $ 227,043
Wisconsin Power and Light Company      
5.000%, 07/15/2019   950,000 1,018,405
 
      17,809,426
TOTAL CORPORATE BONDS (Cost $198,773,805) $ 212,043,388
 
CAPITAL PREFERRED SECURITIES - 0.53%    
Financials - 0.53%      
ACE Capital Trust II ,      
9.700%, 04/01/2030   752,000 947,520
AGFC Capital Trust I, (6.000% to      
01/15/2017, then 3 month LIBOR      
+1.750%) 01/15/2067 (S)   860,000 520,300
Capital One Capital IV (6.745% to      
02/17/2032, then 1 month      
LIBOR + 1.170%) 02/17/2037   400,000 401,500
NB Capital Trust IV , 8.250%, 04/15/2027   135,000 138,713
 
      2,008,033
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $2,360,492)   $ 2,008,033
 
CONVERTIBLE BONDS - 0.04%      
Health Care - 0.01%      
Amylin Pharmaceuticals, Inc.      
3.000%, 06/15/2014 $ 25,000 $ 21,500
Telecommunication Services - 0.01%      
Leap Wireless International, Inc.      
4.500%, 07/15/2014   50,000 48,250
Industrials - 0.01%      
Continental Airlines, Inc.      
4.500%, 01/15/2015   15,000 21,431
Consumer Discretionary - 0.01%      
Ford Motor Company      
4.250%, 11/15/2016   25,000 45,313
TOTAL CONVERTIBLE BONDS (Cost $107,283) $ 136,494
 
MUNICIPAL BONDS - 4.67%      
California - 1.40%      
Bay Area Toll Authority      
6.263%, 04/01/2049   1,050,000 1,057,781
Irvine Ranch Water District Joint Powers      
Agency      
2.605%, 03/15/2014   900,000 915,390
Los Angeles Unified School District      
5.750%, 07/01/2034   1,000,000 944,270
State of California      
7.300%, 10/01/2039   925,000 981,684
7.550%, 04/01/2039   750,000 819,000
University of California      
5.770%, 05/15/2043   660,000 637,527
 
      5,355,652
Florida - 0.24%      
Miami Beach Florida Redevelopment      
Agency      
8.950%, 12/01/2022   865,000 911,822
Illinois - 1.17%      
City of Chicago Illinois      
6.845%, 01/01/2038   990,000 972,586

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
Illinois (continued)      
Illinois State Toll Highway Authority      
6.184%, 01/01/2034 $ 945,000 $ 914,013
State of Illinois      
5.365%, 03/01/2017   75,000 74,629
5.665%, 03/01/2018   1,405,000 1,406,194
5.877%, 03/01/2019   1,125,000 1,124,719
 
      4,492,141
Louisiana - 0.38%      
Louisiana Local Government      
Environmental Facilities &      
Communities Development Authority      
2.470%, 02/01/2019   1,475,000 1,443,597
Maryland - 0.15%      
Maryland State Transportation Authority      
5.840%, 07/01/2011   260,000 262,824
5.888%, 07/01/2043   290,000 301,826
 
      564,650
Massachusetts - 0.24%      
Massachusetts School Building Authority      
5.715%, 08/15/2039   900,000 919,746
Missouri - 0.26%      
University of Missouri      
5.960%, 11/01/2039   940,000 1,001,890
New Jersey - 0.29%      
Jersey City Municipal Utilities Authority      
4.550%, 05/15/2012   130,000 131,508
New Jersey State Turnpike Authority      
7.414%, 01/01/2040   865,000 968,393
 
      1,099,901
New York - 0.22%      
Port Authority of New York & New      
Jersey      
6.040%, 12/01/2029   400,000 408,524
Sales Tax Asset Receivable Corp.,      
Series B      
4.250%, 10/15/2011   435,000 440,973
 
      849,497
Texas - 0.32%      
North Texas Tollway Authority      
6.718%, 01/01/2049   1,230,000 1,221,452
TOTAL MUNICIPAL BONDS (Cost $17,793,389) $ 17,860,348
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 9.73%      
Commercial & Residential - 9.72%      
American Tower Trust, Series 2007-1A,      
Class AFX      
5.420%, 04/15/2037 (S)   800,000 857,171
Banc of America Commercial      
Mortgage, Inc., Series 2002-PB2,      
Class A4      
6.186%, 06/11/2035   2,412,230 2,472,762
Bear Stearns Commercial      
Mortgage Securities      
Series 2003-T12, Class A4,      
4.680%, 08/13/2039 (P)   2,594,203 2,725,101
Series 2005-PWR9, Class A4A,      
4.871%, 09/11/2042   1,405,000 1,486,400
Series 2005-T20, Class A4A,      
5.149%, 10/12/2042 (P)   895,000 962,818

 

257

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Bear Stearns Commercial Mortgage      
Securities (continued)      
Series 2006-PW 14, Class A4,      
5.201%, 12/11/2038 $ 1,850,000 $ 1,948,160
Series 2006-T24, Class A4,      
5.537%, 10/12/2041   1,400,000 1,501,332
Series 2007-T28, Class A4,      
5.742%, 09/11/2042 (P)   390,000 422,845
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2007-CD4,      
Class A4      
5.322%, 12/11/2049   1,425,000 1,495,667
Commercial Mortgage Asset Trust,      
Series 1999-C1, Class A3      
6.640%, 01/17/2032   95,159 95,280
Commercial Mortgage Pass Through      
Certificates, Series 2010-C1, Class A3      
4.205%, 07/10/2046 (S)   715,000 697,200
Credit Suisse Mortgage Capital      
Certificates, Series 2006-C4, Class A3      
5.467%, 09/15/2039   2,000,000 2,114,491
CW Capital Cobalt, Ltd., Series 2006-C1,      
Class A4      
5.223%, 08/15/2048   1,445,000 1,496,787
General Electric Capital Assurance      
Company, Series 2003-1, Class A5      
5.743%, 05/12/2035 (P)(S)   570,725 621,484
GS Mortgage Securities Corp. II,      
Series 2006-GG6, Class A4      
5.553%, 04/10/2038 (P)   2,500,000 2,677,649
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2006-CB14, Class A4,      
5.481%, 12/12/2044 (P)   1,500,000 1,589,378
Series 2007-CB20, Class A4,      
5.794%, 02/12/2051 (P)   1,400,000 1,505,871
Series 2008-C2, Series A4,      
6.068%, 02/12/2051   1,150,000 1,180,262
LB-UBS Commercial Mortgage Trust      
Series 2005-C5, Class A4,      
4.954%, 09/15/2030   1,500,000 1,599,413
Series 2001-C7, Class A3,      
5.642%, 12/15/2025   17,923 17,942
Merrill Lynch Mortgage Trust      
Series 2005-CIP1, Class AM,      
5.107%, 07/12/2038 (P)   1,450,000 1,503,327
Series 2006-C1, Class A4,      
5.669%, 05/12/2039 (P)   2,000,000 2,168,084
Morgan Stanley Dean Witter Capital I      
Series 2002-TOP7, Class A2,      
5.980%, 01/15/2039   243,601 251,868
Series 2001, Class A4,      
6.390%, 07/15/2033   373,098 374,215
Prudential Commercial Mortgage Trust,      
Series 2003-PWR1, Class A2      
4.493%, 02/11/2036   2,594,203 2,698,149
Wachovia Bank Commercial      
Mortgage Trust, Series 2005-C20,      
Class A7      
5.118%, 07/15/2042 (P)   1,240,000 1,330,659
WF-RBS Commercial Mortgage Trust,      
Series 2011-C2, Series A4      
4.869%, 02/15/2044 (P)(S)   1,310,000 1,338,241

 

Investment Quality Bond Trust (continued)  
    Shares or    
    Principal    
    Amount   Value
 
 
COLLATERALIZED MORTGAGE        
OBLIGATIONS (continued)        
U.S. Government Agency - 0.01%        
Government National Mortgage        
Association, Series 2006-38, Class XS        
IO        
6.996%, 09/16/2035 $ 312,005  $ 52,938
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $35,296,022)     $ 37,185,494
 
ASSET BACKED SECURITIES - 2.04%      
Avis Budget Car Funding AESOP LLC,        
Series 2009-2A, Class A        
5.680%, 02/20/2014 (S)   920,000   982,320
Bank of America Auto Trust,        
Series 2010-2, Class A4        
1.940%, 06/15/2017   800,000   806,863
Chase Issuance Trust, Series 2008-A4,        
Class A4        
4.650%, 03/15/2015   845,000   901,891
Dominos Pizza Master Issuer LLC,        
Series 2007-1, Class A2        
5.261%, 04/25/2037 (S)   900,000   915,750
Ford Credit Auto Owner Trust,        
Series 2009-E, Class A3        
1.510%, 01/15/2014   655,000   659,403
Hertz Vehicle Financing LLC        
Series 2010-1A, Class A2,        
3.740%, 02/25/2017 (S)   1,095,000   1,122,657
Series 2009-2A, Class A1,        
4.260%, 03/25/2014 (S)   285,000   298,430
LCM LP, Series 8A, Class A        
1.972%, 01/14/2021 (P)(S)   1,100,000   1,100,990
Massachusetts RRB Special        
Purpose Trust, Series 2001-1, Class A        
6.530%, 06/01/2015   218,441   233,088
Santander Drive Auto Receivables Trust,        
Series 2010-2, Class A3        
1.240%, 02/17/2014   785,000   785,824
TOTAL ASSET BACKED SECURITIES (Cost $7,637,281) $ 7,807,216
 
SHORT-TERM INVESTMENTS - 3.06%      
Repurchase Agreement - 3.06%        
Deutsche Tri-Party Repurchase        
Agreement dated 03/31/2011 at 0.150%        
to be repurchased at $11,700,049 on        
04/01/2011, collateralized by        
$11,899,431 Federal Home Loan        
Mortgage Corp., 3.500% due        
01/01/2026 (valued at $11,934,001,        
including interest)   11,700,000   11,700,000
TOTAL SHORT-TERM INVESTMENTS (Cost $11,700,000) $ 11,700,000
Total Investments (Investment Quality Bond Trust)    
(Cost $391,176,161) - 106.49%     $ 406,874,245
Other assets and liabilities, net - (6.49%)     (24,779,219)
TOTAL NET ASSETS - 100.00%     $ 382,095,026

 

258

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Large Cap Trust    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 98.50%    
Consumer Discretionary - 14.60%    
Auto Components - 0.90%    
Johnson Controls, Inc. (L) 39,100 $ 1,625,387
Automobiles - 1.29%    
General Motors Company (I) 75,000 2,327,250
Diversified Consumer Services - 0.67%    
Apollo Group, Inc., Class A (I) 29,100 1,213,761
Hotels, Restaurants & Leisure - 2.28%    
Carnival Corp. 75,001 2,877,038
International Game Technology (L) 77,000 1,249,710
 
    4,126,748
Household Durables - 1.04%    
Fortune Brands, Inc. 30,500 1,887,645
Internet & Catalog Retail - 1.52%    
Amazon.com, Inc. (I) 15,200 2,737,976
Media - 4.73%    
Comcast Corp., Class A 135,700 3,354,504
Time Warner, Inc. 83,200 2,970,240
Viacom, Inc., Class B 47,600 2,214,352
 
    8,539,096
Specialty Retail - 2.17%    
GameStop Corp., Class A (I)(L) 68,700 1,547,124
Lowe’s Companies, Inc. 90,000 2,378,700
 
    3,925,824
 
    26,383,687
Consumer Staples - 8.97%    
Beverages - 1.76%    
PepsiCo, Inc. 49,500 3,188,295
Food & Staples Retailing - 1.45%    
The Kroger Company 109,200 2,617,524
Food Products - 1.08%    
Kellogg Company (L) 12,800 690,944
Kraft Foods, Inc., Class A 40,193 1,260,452
 
    1,951,396
Household Products - 3.49%    
Colgate-Palmolive Company 27,300 2,204,748
The Procter & Gamble Company 66,500 4,096,400
 
    6,301,148
Personal Products - 1.19%    
Avon Products, Inc. 79,200 2,141,568
 
    16,199,931
Energy - 12.22%    
Energy Equipment & Services - 3.58%    
Baker Hughes, Inc. 17,100 1,255,653
Ensco International PLC, ADR (L) 34,900 2,018,616
Noble Corp. 70,200 3,202,524
 
    6,476,793
Oil, Gas & Consumable Fuels - 8.64%    
EOG Resources, Inc. 20,600 2,441,306
Exxon Mobil Corp. 98,600 8,295,218
Hess Corp. 23,800 2,027,998
Ultra Petroleum Corp. (I)(L) 57,700 2,841,725
 
    15,606,247
    22,083,040

 

Large Cap Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Financials - 14.78%    
Capital Markets - 3.85%    
Morgan Stanley 105,900 $ 2,893,188
The Bank of New York Mellon Corp. 65,876 1,967,716
The Goldman Sachs Group, Inc. 13,200 2,091,804
 
    6,952,708
Commercial Banks - 3.77%    
U.S. Bancorp 95,900 2,534,637
Wells Fargo & Company 135,122 4,283,367
 
    6,818,004
Diversified Financial Services - 4.15%    
Citigroup, Inc. (I) 738,400 3,263,728
JPMorgan Chase & Company 91,700 4,227,370
 
    7,491,098
Insurance - 3.01%    
Aflac, Inc. 45,600 2,406,768
MetLife, Inc. 67,700 3,028,221
 
    5,434,989
 
    26,696,799
Health Care - 14.16%    
Biotechnology - 2.37%    
Acorda Therapeutics, Inc. (I)(L) 34,300 795,760
Alexion Pharmaceuticals, Inc. (I)(L) 11,800 1,164,424
Amgen, Inc. (I) 26,900 1,437,805
Amylin Pharmaceuticals, Inc. (I)(L) 29,100 330,867
Pharmasset, Inc. (I)(L) 7,000 550,970
 
    4,279,826
Health Care Equipment & Supplies - 3.72%    
Baxter International, Inc. 31,400 1,688,378
Covidien PLC 50,600 2,628,164
Medtronic, Inc. 61,266 2,410,817
 
    6,727,359
Health Care Providers & Services - 2.68%    
HCA Holdings, Inc. (I) 39,117 1,324,893
UnitedHealth Group, Inc. 77,700 3,512,040
 
    4,836,933
Health Care Technology - 0.31%    
Emdeon, Inc., Class A (I) 34,300 552,573
Life Sciences Tools & Services - 0.37%    
Bio-Rad Laboratories, Inc., Class A (I) 5,600 672,784
Pharmaceuticals - 4.71%    
Allergan, Inc. 32,374 2,299,201
Johnson & Johnson 55,700 3,300,225
Merck & Company, Inc. 88,100 2,908,181
 
    8,507,607
 
    25,577,082
Industrials - 11.38%    
Aerospace & Defense - 2.59%    
General Dynamics Corp. (L) 27,600 2,113,056
The Boeing Company 34,800 2,572,764
 
    4,685,820
Air Freight & Logistics - 1.34%    
FedEx Corp. 25,817 2,415,180
Airlines - 1.02%    
Southwest Airlines Company (L) 145,700 1,840,191
Machinery - 3.17%    
Illinois Tool Works, Inc. 59,952 3,220,621

 

259

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Large Cap Trust (continued)    
Shares or   
Principal   
Amount  Value
COMMON STOCKS (continued)    
Machinery (continued)    
PACCAR, Inc. (L) 25,950 $ 1,358,483
Pall Corp. 19,900 1,146,439
 
    5,725,543
Road & Rail - 3.26%    
Hertz Global Holdings, Inc. (I)(L) 145,700 2,277,291
Norfolk Southern Corp. 36,300 2,514,501
Ryder Systems, Inc. 21,600 1,092,960
 
    5,884,752
 
    20,551,486
Information Technology - 18.13%    
Communications Equipment - 3.30%    
Cisco Systems, Inc. (I) 168,000 2,881,200
QUALCOMM, Inc. 56,100 3,075,963
 
    5,957,163
Computers & Peripherals - 4.95%    
Apple, Inc. (I) 16,900 5,888,805
Hewlett-Packard Company 74,700 3,060,459
 
    8,949,264
IT Services - 0.91%    
Visa, Inc., Class A (L) 22,300 1,641,726
Semiconductors & Semiconductor Equipment - 2.23%  
Broadcom Corp., Class A 37,300 1,468,874
Intersil Corp., Class A (L) 89,700 1,116,765
National Semiconductor Corp. 100,500 1,441,170
 
    4,026,809
Software - 6.74%    
Adobe Systems, Inc. (I) 113,400 3,760,344
Autodesk, Inc. (I)(L) 49,900 2,201,089
Microsoft Corp. 162,700 4,126,072
Rovi Corp. (I) 2,731 146,518
Symantec Corp. (I) 104,900 1,944,846
 
    12,178,869
    32,753,831
Materials - 1.00%    
Chemicals - 1.00%    
Celanese Corp., Series A 40,800 1,810,296
Utilities - 3.26%    
Electric Utilities - 3.26%    
American Electric Power Company, Inc. 52,457 1,843,339
FirstEnergy Corp. 52,300 1,939,807
Nextera Energy, Inc. 38,300 2,111,096
 
    5,894,242
    5,894,242
TOTAL COMMON STOCKS (Cost $154,523,858) $ 177,950,394
INVESTMENT COMPANIES - 0.42%    
Financials - 0.42%    
SPDR S&P 500 ETF Trust (L) 5,700 755,309
TOTAL INVESTMENT COMPANIES (Cost $753,375) $ 755,309
SECURITIES LENDING COLLATERAL - 12.32%    
John Hancock Collateral    
Investment Trust, 0.2867% (W)(Y) 2,225,157 22,266,921
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $22,267,228) $ 22,266,921

 

Large Cap Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
SHORT-TERM INVESTMENTS - 0.98%      
Repurchase Agreement - 0.98%        
Repurchase Agreement with State Street Corp.      
dated 03/31/2011 at 0.010% to be        
repurchased at $1,769,000 on 04/01/2011,      
collateralized by $1,795,000 Federal        
National Mortgage Association, 2.000% due      
07/14/2014 (valued at $1,806,219,        
including interest). $ 1,769,000  $ 1,769,000
TOTAL SHORT-TERM INVESTMENTS (Cost $1,769,000) $ 1,769,000
Total Investments (Large Cap Trust)        
(Cost $179,313,461) - 112.22%     $ 202,741,624
Other assets and liabilities, net - (12.22%)     (22,080,027)
 
TOTAL NET ASSETS - 100.00%     $ 180,661,597

 

Large Cap Value Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 95.12%    
Consumer Discretionary - 13.98%    
Automobiles - 0.82%    
General Motors Company (I) 16,800 $ 521,304
Harley-Davidson, Inc. 25,100 1,066,499
 
    1,587,803
Distributors - 0.49%    
Genuine Parts Company 17,700 949,428
Diversified Consumer Services - 0.24%    
H&R Block, Inc. 27,600 462,024
Hotels, Restaurants & Leisure - 0.66%    
Marriott International, Inc., Class A 26,900 957,102
MGM Resorts International (I) 24,200 318,230
 
    1,275,332
Household Durables - 2.44%    
D.R. Horton, Inc. 22,000 256,300
Fortune Brands, Inc. 40,000 2,475,600
Whirlpool Corp. 23,100 1,971,816
 
    4,703,716
Internet & Catalog Retail - 0.21%    
Expedia, Inc. 17,600 398,816
Leisure Equipment & Products - 0.83%    
Mattel, Inc. 63,800 1,590,534
Media - 5.72%    
Cablevision Systems Corp., Class A 41,800 1,446,698
Comcast Corp., Class A 43,500 1,075,320
Madison Square Garden, Inc., Class A (I) 11,400 307,686
The McGraw-Hill Companies, Inc. 49,100 1,934,540
The New York Times Company, Class A (I) 62,300 589,981
The Walt Disney Company 55,100 2,374,259
Time Warner, Inc. 76,100 2,716,770
WPP PLC 48,693 600,422
 
    11,045,676
Multiline Retail - 0.39%    
Macy’s, Inc. 31,000 752,060
Specialty Retail - 2.18%    
Bed Bath & Beyond, Inc. (I) 28,300 1,366,041
Lowe’s Companies, Inc. 96,300 2,545,209

 

260

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Large Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Staples, Inc. 8,100 $ 157,302
Tiffany & Company 2,200 135,168
 
    4,203,720
    26,969,109
Consumer Staples - 6.75%    
Beverages - 0.89%    
PepsiCo, Inc. 26,600 1,713,306
Food Products - 3.02%    
Archer-Daniels-Midland Company 16,800 604,968
Campbell Soup Company 29,700 983,367
ConAgra Foods, Inc. 44,700 1,061,625
McCormick & Company, Inc., Class B 16,800 803,544
The Hershey Company 43,800 2,380,530
 
    5,834,034
Household Products - 2.01%    
Clorox Company 28,900 2,025,023
Kimberly-Clark Corp. 28,600 1,866,722
 
    3,891,745
Personal Products - 0.83%    
Avon Products, Inc. 59,000 1,595,360
 
    13,034,445
Energy - 13.91%    
Energy Equipment & Services - 1.84%    
Baker Hughes, Inc. 13,500 991,305
Schlumberger, Ltd. 27,500 2,564,650
 
    3,555,955
Oil, Gas & Consumable Fuels - 12.07%    
Anadarko Petroleum Corp. 28,800 2,359,296
Chevron Corp. 85,400 9,174,522
ConocoPhillips 32,500 2,595,450
Exxon Mobil Corp. 54,200 4,559,846
Murphy Oil Corp. 37,000 2,716,540
Spectra Energy Corp. 33,200 902,376
Sunoco, Inc. 21,500 980,185
 
    23,288,215
    26,844,170
Financials - 19.45%    
Capital Markets - 2.97%    
Legg Mason, Inc. 47,300 1,707,057
Morgan Stanley 90,000 2,458,800
The Bank of New York Mellon Corp. 52,300 1,562,201
 
    5,728,058
Commercial Banks - 5.23%    
KeyCorp 85,400 758,352
PNC Financial Services Group, Inc. 17,200 1,083,428
Regions Financial Corp. 96,500 700,590
SunTrust Banks, Inc. 48,900 1,410,276
U.S. Bancorp 102,700 2,714,361
Wells Fargo & Company 107,800 3,417,260
 
    10,084,267
Consumer Finance - 2.23%    
Capital One Financial Corp. 25,600 1,330,176
SLM Corp. (I) 194,000 2,968,200
 
    4,298,376
Diversified Financial Services - 4.98%    
Bank of America Corp. 219,800 2,929,934
JPMorgan Chase & Company 120,800 5,568,880

 

Large Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Diversified Financial Services (continued)    
NYSE Euronext 31,600 $ 1,111,372
 
    9,610,186
Insurance - 3.63%    
Chubb Corp. 13,300 815,423
Lincoln National Corp. 45,100 1,354,804
Marsh & McLennan Companies, Inc. 69,000 2,056,890
Sun Life Financial, Inc. 35,900 1,128,337
The Allstate Corp. 52,000 1,652,560
 
    7,008,014
Real Estate Investment Trusts - 0.41%    
Weyerhaeuser Company 32,400 797,040
 
    37,525,941
Health Care - 5.01%    
Biotechnology - 0.52%    
Amgen, Inc. (I) 19,000 1,015,550
Pharmaceuticals - 4.49%    
Bristol-Myers Squibb Company 53,100 1,403,433
Eli Lilly & Company 26,100 917,937
Johnson & Johnson 39,300 2,328,525
Merck & Company, Inc. 56,100 1,851,861
Pfizer, Inc. 106,200 2,156,922
 
    8,658,678
 
    9,674,228
Industrials - 12.17%    
Aerospace & Defense - 3.41%    
Honeywell International, Inc. 39,300 2,346,603
ITT Corp. 22,900 1,375,145
Lockheed Martin Corp. 13,400 1,077,360
The Boeing Company 24,200 1,789,106
 
    6,588,214
Air Freight & Logistics - 1.04%    
United Parcel Service, Inc., Class B 27,000 2,006,640
Building Products - 0.76%    
Masco Corp. 73,500 1,023,120
USG Corp. (I) 26,500 441,490
 
    1,464,610
Commercial Services & Supplies - 2.02%    
Avery Dennison Corp. 93,000 3,902,280
Electrical Equipment - 0.77%    
Cooper Industries PLC 23,000 1,492,700
Industrial Conglomerates - 2.86%    
General Electric Company 275,000 5,513,750
Machinery - 1.31%    
Eaton Corp. 45,500 2,522,520
 
    23,490,714
Information Technology - 6.51%    
Communications Equipment - 1.37%    
Cisco Systems, Inc. 51,700 886,655
Harris Corp. 35,300 1,750,880
 
    2,637,535
Computers & Peripherals - 1.18%    
Dell, Inc. (I) 55,700 808,207
Hewlett-Packard Company 36,000 1,474,920
 
    2,283,127
IT Services - 0.95%    
Computer Sciences Corp. 37,600 1,832,248

 

261

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Large Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment - 1.66%  
Applied Materials, Inc. 98,100 $ 1,532,322
Texas Instruments, Inc. 48,500 1,676,160
 
    3,208,482
Software - 1.35%    
Electronic Arts, Inc. (I) 33,900 662,067
Microsoft Corp. 76,500 1,940,040
 
    2,602,107
    12,563,499
Materials - 6.03%    
Chemicals - 2.44%    
E.I. du Pont de Nemours & Company 21,400 1,176,358
International Flavors & Fragrances, Inc. 22,600 1,407,980
Monsanto Company 29,300 2,117,218
 
    4,701,556
Construction Materials - 0.77%    
Vulcan Materials Company 32,500 1,482,000
Metals & Mining - 1.05%    
Nucor Corp. 44,100 2,029,482
Paper & Forest Products - 1.77%    
International Paper Company 77,300 2,332,914
MeadWestvaco Corp. 36,000 1,091,880
 
    3,424,794
    11,637,832
Telecommunication Services - 3.89%    
Diversified Telecommunication Services - 3.89%    
AT&T, Inc. 118,200 3,616,920
Qwest Communications International, Inc. 203,200 1,387,856
Verizon Communications, Inc. 65,000 2,505,100
 
    7,509,876
    7,509,876
Utilities - 7.42%    
Electric Utilities - 5.15%    
Duke Energy Corp. 57,400 1,041,810
Entergy Corp. 39,000 2,621,190
Exelon Corp. 58,000 2,391,920
FirstEnergy Corp. 20,400 756,636
Pinnacle West Capital Corp. 22,100 945,659
PPL Corp. 33,600 850,080
Progress Energy, Inc. 28,800 1,328,832
 
    9,936,127
Independent Power Producers & Energy Traders - 0.88%  
Constellation Energy Group, Inc. 45,000 1,400,850
NRG Energy, Inc. (I) 13,800 297,252
 
    1,698,102
Multi-Utilities - 1.39%    
CenterPoint Energy, Inc. 28,700 503,972
NiSource, Inc. 26,400 506,352
TECO Energy, Inc. 21,200 397,712
Xcel Energy, Inc. 53,100 1,268,559
 
    2,676,595
    14,310,824
TOTAL COMMON STOCKS (Cost $174,172,470) $ 183,560,638

 

Large Cap Value Trust (continued)    
  Shares or     
  Principal     
  Amount    Value
 
PREFERRED SECURITIES - 0.62%        
Consumer Discretionary - 0.62%        
Automobiles - 0.62%        
General Motors Company, Series B, 4.750% 24,600   1,185,720
TOTAL PREFERRED SECURITIES (Cost $1,366,480)   $ 1,185,720
SHORT-TERM INVESTMENTS - 4.28%      
Money Market Funds* - 4.28%        
State Street Institutional U.S. Government        
Money Market Fund, 0.0248% $ 498,996  $ 498,996
T. Rowe Price Prime Reserve Fund, 0.1942% 7,760,951   7,760,951
 
        8,259,947
TOTAL SHORT-TERM INVESTMENTS (Cost $8,259,947) $ 8,259,947
Total Investments (Large Cap Value Trust)      
(Cost $183,798,897) - 100.02%     $ 193,006,305
Other assets and liabilities, net - (0.02%)       (33,836)
 
TOTAL NET ASSETS - 100.00%     $ 192,972,469

 

Lifestyle Aggressive Trust    
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.01%  
Equity - 100.01%    
John Hancock Trust (G) - 100.01%    
500 Index, Series NAV (John Hancock) (2)(A) 2,139,599 $ 24,541,186
All Cap Core, Series NAV (QS Investors) 728,616 12,962,081
All Cap Value, Series NAV (Lord Abbett) 1,320,020 11,748,175
Alpha Opportunities, Series NAV (Wellington) 1,558,856 25,721,129
Blue Chip Growth, Series NAV (T. Rowe Price) 1,312,588 28,076,267
Capital Appreciation, Series NAV (Jennison) 2,259,976 23,481,146
Emerging Markets, Series NAV (DFA) 2,841,193 45,203,384
Equity-Income, Series NAV (T. Rowe Price) 1,877,652 27,451,275
Fundamental Value, Series NAV (Davis) 1,721,718 25,722,460
Growth Equity, Series NAV (Rainier) 1,374,931 16,499,170
Heritage, Series NAV (American Century) (I) 415,349 5,910,420
International Core, Series NAV (GMO) 1,827,832 18,461,102
International Growth Stock,    
Series NAV (Invesco) (I) 249,049 3,514,081
International Index, Series NAV    
(John Hancock) (2)(A) 256,975 4,615,275
International Opportunities,    
Series NAV (Marsico) 1,187,218 15,101,417
International Small Company,    
Series NAV (DFA) 1,076,052 11,664,401
International Value, Series NAV (Franklin) 1,459,376 18,461,102
Large Cap, Series NAV (UBS) 450,202 5,803,102
Mid Cap Index, Series NAV    
(John Hancock) (2)(A) 485,212 9,398,558
Mid Cap Stock, Series NAV (Wellington) 821,474 12,930,003
Mid Cap Value Equity, Series NAV (Columbia) 356,515 4,727,385
Mid Value, Series NAV (T. Rowe Price) 792,484 9,287,914
Mutual Shares, Series NAV (Franklin) 741,326 7,657,900
Natural Resources, Series NAV (Wellington) 1,034,739 14,031,062
Optimized Value, Series NAV    
(John Hancock) (2)(A) 725,147 7,635,793
Real Estate Securities, Series NAV (Deutsche) 387,146 4,692,210
Small Cap Growth, Series NAV (Wellington) (I) 368,483 4,255,980
Small Cap Index, Series NAV    
(John Hancock) (2)(A) 313,967 4,747,174

 

262

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Lifestyle Aggressive Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Trust (G) (continued)    
Small Cap Opportunities,    
Series NAV (DFA/Invesco) (I) 332,981 $ 7,125,802
Small Cap Value, Series NAV (Wellington) 236,696 4,714,992
Small Company Growth,    
Series NAV (Invesco) (I) 216,152 3,797,799
Small Company Value, Series NAV (T.    
Rowe Price) 384,797 7,080,263
Smaller Company Growth, Series NAV    
(Frontier/John Hancock (2)(A)/Perimeter) (I) 214,782 4,061,535
U.S. Multi Sector, Series NAV (GMO) 1,605,067 19,790,481
Value & Restructuring, Series NAV (Columbia) 880,581 13,111,854
Value, Series NAV (Invesco) 259,519 4,663,553
Total Investments (Lifestyle Aggressive Trust)    
(Cost $388,033,739) - 100.01% $ 468,647,431
Other assets and liabilities, net - (0.01%)   (29,589)
TOTAL NET ASSETS - 100.00% $ 468,617,842

 

Lifestyle Balanced Trust    
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.00%  
Equity - 51.63%    
John Hancock Trust (G) - 51.63%    
500 Index, Series NAV (John Hancock) (2)(A) 144,280,448 $ 1,654,896,736
All Cap Core, Series NAV (QS Investors) 7,475,751 132,993,615
All Cap Value, Series NAV (Lord Abbett) 12,705,626 113,080,068
Alpha Opportunities, Series NAV (Wellington) 20,081,447 331,343,873
Blue Chip Growth, Series NAV (T. Rowe Price) 13,829,594 295,815,019
Capital Appreciation, Series NAV (Jennison) 22,278,699 231,475,681
Emerging Markets, Series NAV (DFA) 25,163,949 400,358,429
Equity-Income, Series NAV (T. Rowe Price) 23,085,664 337,512,413
Fundamental Value, Series NAV (Davis) 22,205,966 331,757,139
Growth Equity, Series NAV (Rainier) 13,760,603 165,127,236
Heritage, Series NAV (American Century) (I) 4,677,595 66,562,172
International Core, Series NAV (GMO) 25,610,575 258,666,806
International Growth Stock,    
Series NAV (Invesco) (I) 4,690,160 66,178,164
International Index, Series NAV    
(John Hancock) (2)(A) 36,026,118 647,029,076
International Opportunities,    
Series NAV (Marsico) 10,285,956 130,837,365
International Value, Series NAV (Franklin) 15,392,688 194,717,503
Large Cap Value, Series NAV (T. Rowe Price) 1,938,258 34,074,577
Mid Cap Index, Series NAV    
(John Hancock) (2)(A) 10,334,497 200,179,215
Mid Cap Stock, Series NAV (Wellington) 6,358,933 100,089,607
Mid Cap Value Equity, Series NAV (Columbia) 5,031,864 66,722,521
Mid Value, Series NAV (T. Rowe Price) 8,508,654 99,721,420
Optimized Value, Series NAV    
(John Hancock) (2)(A) 6,848,859 72,118,482
Small Cap Growth, Series NAV (Wellington) (I) 4,044,025 46,708,483
Small Cap Index, Series NAV    
(John Hancock) (2)(A) 8,826,244 133,452,810
Small Cap Value, Series NAV (Wellington) 3,014,747 60,053,764
Small Company Growth,    
Series NAV (Invesco) (I) 2,278,648 40,035,843
Small Company Value, Series NAV (T.    
Rowe Price) 3,989,079 73,399,045

 

Lifestyle Balanced Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Trust (G) (continued)    
Smaller Company Growth, Series NAV    
(Frontier/John Hancock (2)(A)/Perimeter) (I) 2,563,471 $ 48,475,232
U.S. Multi Sector, Series NAV (GMO) 21,423,168 264,147,665
Value & Restructuring, Series NAV (Columbia) 9,786,205 145,716,587
Fixed Income - 48.38%    
John Hancock Trust (G) - 48.38%    
Bond, Series NAV (John Hancock) (1)(A) 168,308,327 2,287,310,165
Core Bond, Series NAV (Wells Capital) 55,337,085 759,224,807
Global Bond, Series NAV (PIMCO) 20,109,125 262,625,166
High Income, Series NAV    
(John Hancock) (1)(A) 3,698,719 26,556,801
New Income, Series NAV (T. Rowe Price) 94,166,001 1,264,649,397
Short Term Government Income, Series NAV    
(John Hancock) (1)(A) 9,960,216 128,785,596
Total Bond Market A,    
Series NAV (Declaration) (A) 28,360,029 392,219,199
Total Return, Series NAV (PIMCO) 82,401,529 1,197,294,219
Total Investments (Lifestyle Balanced Trust)    
(Cost $10,976,844,362) - 100.00% $ 13,061,911,896
Other assets and liabilities, net - 0.00%   (419,803)
 
TOTAL NET ASSETS - 100.00% $ 13,061,492,093

 

Lifestyle Conservative Trust    
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.00%  
Equity - 20.01%    
John Hancock Trust (G) - 20.01%    
500 Index, Series NAV (John Hancock) (2)(A) 11,639,689 $ 133,507,254
Blue Chip Growth, Series NAV (T. Rowe Price) 2,995,955 64,083,481
Equity-Income, Series NAV (T. Rowe Price) 4,291,957 62,748,409
Fundamental Value, Series NAV (Davis) 3,127,680 46,727,539
International Core, Series NAV (GMO) 2,640,877 26,672,857
International Index, Series NAV    
(John Hancock) (2)(A) 2,969,708 53,335,952
International Opportunities,    
Series NAV (Marsico) 1,574,378 20,026,088
International Value, Series NAV (Franklin) 1,583,090 20,026,088
Mid Cap Index, Series NAV    
(John Hancock) (2)(A) 2,067,743 40,052,176
Small Cap Index, Series NAV    
(John Hancock) (2)(A) 2,207,461 33,376,813
U.S. Multi Sector, Series NAV (GMO) 2,706,960 33,376,813
Fixed Income - 80.00%    
John Hancock Trust (G) - 80.00%    
Bond, Series NAV (John Hancock) (1)(A) 57,362,567 779,557,280
Core Bond, Series NAV (Wells Capital) 18,656,883 255,972,438
Global Bond, Series NAV (PIMCO) 6,812,777 88,974,862
High Income, Series NAV    
(John Hancock) (1)(A) 568,296 4,080,365
New Income, Series NAV (T. Rowe Price) 31,805,728 427,150,932
Short Term Government Income, Series NAV    
(John Hancock) (1)(A) 3,302,112 42,696,302
Total Bond Market A,    
Series NAV (Declaration) (A) 9,633,710 133,234,207

 

263

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Lifestyle Conservative Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Trust (G) (continued)    
Total Return, Series NAV (PIMCO) 27,747,922 $ 403,177,306
Total Investments (Lifestyle Conservative Trust)    
(Cost $2,458,106,800) - 100.00% $ 2,668,777,162
Other assets and liabilities, net - 0.00%   (98,716)
TOTAL NET ASSETS - 100.00% $ 2,668,678,446

 

Lifestyle Growth Trust    
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.00%  
Equity - 71.65%    
John Hancock Trust (G) - 71.65%    
500 Index, Series NAV (John Hancock) (2)(A) 226,002,191 $ 2,592,245,077
All Cap Core, Series NAV (QS Investors) 8,514,759 151,477,563
All Cap Value, Series NAV (Lord Abbett) 18,624,628 165,759,190
Alpha Opportunities, Series NAV (Wellington) 31,911,639 526,542,042
Blue Chip Growth, Series NAV (T. Rowe Price) 21,082,571 450,956,203
Capital Appreciation, Series NAV (Jennison) 35,892,761 372,925,788
Emerging Markets, Series NAV (DFA) 37,714,609 600,039,433
Equity-Income, Series NAV (T. Rowe Price) 39,849,072 582,593,438
Fundamental Value, Series NAV (Davis) 35,078,138 524,067,384
Growth Equity, Series NAV (Rainier) 24,872,067 298,464,808
Heritage, Series NAV (American Century) (I) 5,309,439 75,553,321
International Core, Series NAV (GMO) 36,354,744 367,182,918
International Growth Stock,    
Series NAV (Invesco) (I) 5,258,424 74,196,356
International Index, Series NAV    
(John Hancock) (2)(A) 61,255,254 1,100,144,364
International Opportunities,    
Series NAV (Marsico) 17,344,929 220,627,497
International Value, Series NAV (Franklin) 23,355,373 295,445,466
Large Cap Value, Series NAV (T. Rowe Price) 3,533,287 62,115,181
Mid Cap Index, Series NAV    
(John Hancock) (2)(A) 15,636,029 302,869,889
Mid Cap Stock, Series NAV (Wellington) 9,637,361 151,692,070
Mid Cap Value Equity, Series NAV (Columbia) 5,711,764 75,737,988
Mid Value, Series NAV (T. Rowe Price) 12,750,003 149,430,037
Optimized Value, Series NAV    
(John Hancock) (2)(A) 12,708,400 133,819,457
Small Cap Growth, Series NAV (Wellington) (I) 5,910,081 68,261,431
Small Cap Index, Series NAV    
(John Hancock) (2)(A) 15,048,816 227,538,105
Small Cap Opportunities,    
Series NAV (DFA/Invesco) (I) 3,544,207 75,846,035
Small Cap Value, Series NAV (Wellington) 3,792,140 75,539,431
Small Company Growth,    
Series NAV (Invesco) (I) 3,453,434 60,676,828
Small Company Value, Series NAV (T.    
Rowe Price) 6,164,876 113,433,715
Smaller Company Growth, Series NAV    
(Frontier/John Hancock (2)(A)/Perimeter) (I) 3,252,920 61,512,708
U.S. Multi Sector, Series NAV (GMO) 38,897,978 479,612,072
Value & Restructuring, Series NAV (Columbia) 13,133,423 195,556,672
Fixed Income - 28.36%    
John Hancock Trust (G) - 28.36%    
Bond, Series NAV (John Hancock) (1)(A) 112,408,710 1,527,634,371
Core Bond, Series NAV (Wells Capital) 36,947,033 506,913,299
Global Bond, Series NAV (PIMCO) 13,316,924 173,919,027

 

Lifestyle Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Trust (G) (continued)    
High Income, Series NAV    
(John Hancock) (1)(A) 2,286,651 $ 16,418,154
New Income, Series NAV (T. Rowe Price) 62,650,622 841,397,860
Short Term Government Income, Series NAV    
(John Hancock) (1)(A) 6,725,355 86,958,845
Total Bond Market A,    
Series NAV (Declaration) (A) 18,850,418 260,701,286
Total Return, Series NAV (PIMCO) 54,653,399 794,113,884
Total Investments (Lifestyle Growth Trust)    
(Cost $12,371,646,412) - 100.00% $ 14,839,919,193
Other assets and liabilities, net - 0.00%   (444,600)
 
TOTAL NET ASSETS - 100.00% $ 14,839,474,593

 

Lifestyle Moderate Trust    
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.00%  
Equity - 40.40%    
John Hancock Trust (G) - 40.40%    
500 Index, Series NAV (John Hancock) (2)(A) 32,365,144 $ 371,228,189
All Cap Value, Series NAV (Lord Abbett) 3,558,709 31,672,515
Alpha Opportunities, Series NAV (Wellington) 4,500,594 74,259,805
Blue Chip Growth, Series NAV (T. Rowe Price) 4,782,933 102,306,936
Capital Appreciation, Series NAV (Jennison) 8,052,385 83,664,284
Equity-Income, Series NAV (T. Rowe Price) 7,230,863 105,715,214
Fundamental Value, Series NAV (Davis) 4,982,586 74,439,829
International Core, Series NAV (GMO) 9,073,551 91,642,862
International Growth Stock,    
Series NAV (Invesco) (I) 1,315,191 18,557,350
International Index, Series NAV    
(John Hancock) (2)(A) 8,170,796 146,747,501
International Opportunities,    
Series NAV (Marsico) 2,900,974 36,900,394
International Value, Series NAV (Franklin) 4,340,604 54,908,644
Large Cap Value, Series NAV (T. Rowe Price) 527,625 9,275,653
Mid Cap Index, Series NAV    
(John Hancock) (2)(A) 2,311,142 44,766,829
Mid Cap Stock, Series NAV (Wellington) 2,133,108 33,575,122
Mid Value, Series NAV (T. Rowe Price) 2,858,185 33,497,923
Small Cap Growth, Series NAV (Wellington) (I) 968,979 11,191,707
Small Cap Index, Series NAV    
(John Hancock) (2)(A) 1,973,846 29,844,553
Small Cap Value, Series NAV (Wellington) 749,110 14,922,276
Small Company Growth,    
Series NAV (Invesco) (I) 530,815 9,326,423
Small Company Value, Series NAV (T.    
Rowe Price) 912,367 16,787,561
Smaller Company Growth, Series NAV    
(Frontier/John Hancock (2)(A)/Perimeter) (I) 622,006 11,762,126
U.S. Multi Sector, Series NAV (GMO) 3,016,201 37,189,753
Value & Restructuring, Series NAV (Columbia) 2,741,482 40,820,669
Fixed Income - 59.60%    
John Hancock Trust (G) - 59.60%    
Bond, Series NAV (John Hancock) (1)(A) 58,467,400 794,571,961
Core Bond, Series NAV (Wells Capital) 19,268,589 264,365,042
Global Bond, Series NAV (PIMCO) 6,949,099 90,755,229
High Income, Series NAV    
(John Hancock) (1)(A) 1,395,360 10,018,682
New Income, Series NAV (T. Rowe Price) 32,653,546 438,537,125

 

264

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Lifestyle Moderate Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Trust (G) (continued)    
Short Term Government Income, Series NAV    
(John Hancock) (1)(A) 3,388,718 $ 43,816,124
Total Bond Market A,    
Series NAV (Declaration) (A) 9,880,655 136,649,460
Total Return, Series NAV (PIMCO) 28,358,358 412,046,935
Total Investments (Lifestyle Moderate Trust)    
(Cost $3,222,158,679) - 100.00% $ 3,675,764,676
Other assets and liabilities, net - 0.00%   (121,573)
TOTAL NET ASSETS - 100.00% $ 3,675,643,103

 

Mid Cap Index Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 98.09%    
Consumer Discretionary - 13.68%    
Auto Components - 1.08%    
BorgWarner, Inc. (I)(L) 118,981 $ 9,481,595
Gentex Corp. 151,737 4,590,044
 
    14,071,639
Automobiles - 0.11%    
Thor Industries, Inc. 45,166 1,507,189
Distributors - 0.29%    
LKQ Corp. (I) 155,271 3,742,031
Diversified Consumer Services - 1.08%    
Career Education Corp. (I) 66,724 1,515,969
ITT Educational Services, Inc. (I)(L) 26,234 1,892,783
Matthews International Corp., Class A 31,735 1,223,384
Regis Corp. (L) 61,351 1,088,367
Service Corp. International 255,699 2,828,031
Sotheby’s 71,412 3,756,271
Strayer Education, Inc. (L) 14,130 1,843,824
 
    14,148,629
Hotels, Restaurants & Leisure - 2.17%    
Bally Technologies, Inc. (I) 57,042 2,159,040
Bob Evans Farms, Inc. 32,268 1,051,937
Boyd Gaming Corp. (I)(L) 59,730 559,670
Brinker International, Inc. 95,060 2,405,018
Chipotle Mexican Grill, Inc. (I)(L) 33,050 9,001,829
International Speedway Corp., Class A 31,205 929,909
Life Time Fitness, Inc. (I)(L) 44,673 1,666,750
Panera Bread Company, Class A (I) 33,504 4,255,008
Scientific Games Corp., Class A (I) 68,329 597,195
The Cheesecake Factory, Inc. (I)(L) 64,065 1,927,716
Wendy’s/Arby’s Group, Inc., Class A 343,544 1,728,026
WMS Industries, Inc. (I) 61,344 2,168,510
 
    28,450,608
Household Durables - 1.47%    
American Greetings Corp., Class A (L) 42,745 1,008,782
KB Home (L) 76,883 956,425
MDC Holdings, Inc. 40,183 1,018,639
Mohawk Industries, Inc. (I) 59,937 3,665,148
NVR, Inc. (I)(L) 6,275 4,743,900
Ryland Group, Inc. 47,069 748,397
Toll Brothers, Inc. (I) 154,556 3,055,572
Tupperware Brands Corp. (L) 66,882 3,993,524
 
    19,190,387

 

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Leisure Equipment & Products - 0.31%    
Eastman Kodak Company (I)(L) 286,309 $ 924,778
Polaris Industries, Inc. (L) 36,308 3,159,522
 
    4,084,300
Media - 0.81%    
DreamWorks Animation SKG, Inc. (I)(L) 76,472 2,135,863
Harte-Hanks, Inc. 41,359 492,172
John Wiley & Sons, Inc. 49,795 2,531,578
Lamar Advertising Company, Class A (I) 61,139 2,258,475
Meredith Corp. (L) 38,846 1,317,656
Scholastic Corp. (L) 25,291 683,869
The New York Times Company, Class A (I)(L) 127,770 1,209,982
 
    10,629,595
Multiline Retail - 0.79%    
99 Cents Only Stores (I) 49,993 979,863
Dollar Tree, Inc. (I) 133,337 7,402,870
Saks, Inc. (I)(L) 171,324 1,937,674
 
    10,320,407
Specialty Retail - 3.80%    
Aaron’s, Inc. (L) 76,793 1,947,470
Advance Auto Parts, Inc. (L) 85,249 5,594,039
Aeropostale, Inc. (I) 93,671 2,278,079
American Eagle Outfitters, Inc. 208,371 3,311,015
Ann, Inc. (I) 61,721 1,796,698
Ascena Retail Group, Inc. (I) 73,814 2,392,312
Barnes & Noble, Inc. (L) 42,324 388,958
Chico’s FAS, Inc. 189,114 2,817,799
Collective Brands, Inc. (I) 66,422 1,433,387
Dick’s Sporting Goods, Inc. (I) 94,375 3,773,113
Foot Locker, Inc. 165,085 3,255,476
Guess?, Inc. 67,602 2,660,139
Office Depot, Inc. (I) 295,131 1,366,457
PetSmart, Inc. 125,227 5,128,046
Rent-A-Center, Inc. 67,636 2,361,173
Tractor Supply Company 77,525 4,640,647
Williams-Sonoma, Inc. (L) 111,926 4,533,003
 
    49,677,811
Textiles, Apparel & Luxury Goods - 1.77%    
Deckers Outdoor Corp. (I) 41,082 3,539,214
Fossil, Inc. (I) 57,137 5,350,880
Hanesbrands, Inc. (I) 102,613 2,774,656
Phillips-Van Heusen Corp. 71,380 4,641,841
The Timberland Company, Class A (I) 40,881 1,687,976
The Warnaco Group, Inc. (I) 46,542 2,661,737
Under Armour, Inc., Class A (I)(L) 37,598 2,558,544
 
    23,214,848
 
    179,037,444
Consumer Staples - 3.79%    
Beverages - 0.34%    
Hansen Natural Corp. (I) 73,923 4,452,382
Food & Staples Retailing - 0.35%    
BJ’s Wholesale Club, Inc. (I) 58,142 2,838,492
Ruddick Corp. 45,525 1,756,810
 
    4,595,302
Food Products - 1.88%    
Corn Products International, Inc. 81,127 4,204,001
Flowers Foods, Inc. (L) 80,316 2,187,005
Green Mountain Coffee Roasters, Inc. (I)(L) 123,638 7,988,251
Lancaster Colony Corp. 20,277 1,228,786
Ralcorp Holdings, Inc. (I) 58,542 4,006,029
Smithfield Foods, Inc. (I) 176,780 4,253,327

 

265

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products (continued)    
Tootsie Roll Industries, Inc. (L) 26,872 $ 762,081
    24,629,480
Household Products - 0.87%    
Church & Dwight Company, Inc. 75,922 6,023,651
Energizer Holdings, Inc. (I) 75,220 5,352,655
 
    11,376,306
Personal Products - 0.26%    
Alberto-Culver Company 91,391 3,406,143
Tobacco - 0.09%    
Universal Corp. (L) 24,977 1,087,499
 
    49,547,112
Energy - 6.56%    
Energy Equipment & Services - 2.80%    
Atwood Oceanics, Inc. (I)(L) 59,895 2,780,925
Dril-Quip, Inc. (I) 36,674 2,898,346
Exterran Holdings, Inc. (I)(L) 67,321 1,597,527
Helix Energy Solutions Group, Inc. (I)(L) 112,764 1,939,541
Oceaneering International, Inc. (I)(L) 57,622 5,154,288
Patterson-UTI Energy, Inc. 164,198 4,825,779
Pride International, Inc. (I) 188,510 8,096,505
Superior Energy Services, Inc. (I) 84,006 3,444,246
Tidewater, Inc. 54,775 3,278,284
Unit Corp. (I) 42,404 2,626,928
 
    36,642,369
Oil, Gas & Consumable Fuels - 3.76%    
Apache Corp. 1 131
Arch Coal, Inc. 173,005 6,235,100
Bill Barrett Corp. (I) 50,171 2,002,325
Cimarex Energy Company (L) 91,064 10,494,214
Comstock Resources, Inc. (I)(L) 50,798 1,571,690
Forest Oil Corp. (I) 120,973 4,576,409
Frontier Oil Corp. 112,607 3,301,637
Northern Oil and Gas, Inc. (I)(L) 57,786 1,542,886
Overseas Shipholding Group, Inc. (L) 28,550 917,597
Patriot Coal Corp. (I) 97,227 2,511,373
Plains Exploration & Production Company (I) 149,180 5,404,791
Quicksilver Resources, Inc. (I) 128,961 1,845,432
SM Energy Company 67,546 5,011,238
Southern Union Company 132,736 3,798,904
 
    49,213,727
    85,856,096
Financials - 19.18%    
Capital Markets - 2.24%    
Affiliated Managers Group, Inc. (I) 55,273 6,045,208
Apollo Investment Corp. 208,172 2,510,554
Eaton Vance Corp. (L) 126,847 4,089,547
Greenhill & Company, Inc. (L) 27,272 1,794,225
Jefferies Group, Inc. (L) 136,264 3,398,424
Raymond James Financial, Inc. 107,538 4,112,253
SEI Investments Company 154,579 3,691,347
Waddell & Reed Financial, Inc., Class A 91,482 3,715,084
 
    29,356,642
Commercial Banks - 3.35%    
Associated-Banc Corp. 184,400 2,738,340
BancorpSouth, Inc. (L) 78,226 1,208,592
Bank of Hawaii Corp. 51,069 2,442,120
Cathay General Bancorp 83,714 1,427,324
City National Corp. 50,149 2,861,000
Commerce Bancshares, Inc. 82,410 3,332,660

 

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Cullen/Frost Bankers, Inc. (L) 65,155 $ 3,845,448
East West Bancorp, Inc. 158,227 3,474,665
FirstMerit Corp. 115,870 1,976,742
Fulton Financial Corp. 212,038 2,355,742
International Bancshares Corp. (L) 56,230 1,031,258
PacWest Bancorp (L) 34,753 755,878
Prosperity Bancshares, Inc. (L) 49,768 2,128,577
SVB Financial Group (I)(L) 45,169 2,571,471
Synovus Financial Corp. (L) 836,166 2,006,798
TCF Financial Corp. (L) 166,175 2,635,536
Trustmark Corp. (L) 60,584 1,418,877
Valley National Bancorp (L) 172,062 2,401,986
Webster Financial Corp. 77,959 1,670,661
Westamerica Bancorp. (L) 30,896 1,587,128
 
    43,870,803
Diversified Financial Services - 0.36%    
MSCI, Inc. (I) 127,458 4,693,004
Insurance - 3.95%    
American Financial Group, Inc. 81,606 2,857,842
Arthur J. Gallagher & Company 115,644 3,516,734
Aspen Insurance Holdings, Ltd. 75,163 2,071,492
Brown & Brown, Inc. 124,473 3,211,403
Everest Re Group, Ltd. 57,962 5,111,089
Fidelity National Financial, Inc., Class A 238,226 3,366,133
First American Financial Corp. 111,430 1,838,595
HCC Insurance Holdings, Inc. 122,347 3,830,685
Mercury General Corp. 37,932 1,484,279
Old Republic International Corp. 276,050 3,503,075
Protective Life Corp. 91,220 2,421,891
Reinsurance Group of America, Inc. 83,999 5,273,457
StanCorp Financial Group, Inc. 48,921 2,256,237
The Hanover Insurance Group, Inc. 48,180 2,180,145
Transatlantic Holdings, Inc. 66,373 3,230,374
Unitrin, Inc. 52,670 1,626,450
W.R. Berkley Corp. 123,157 3,966,887
 
    51,746,768
Real Estate Investment Trusts - 7.70%    
Alexandria Real Estate Equities, Inc. (L) 59,007 4,600,776
AMB Property Corp. 180,389 6,488,592
BRE Properties, Inc. 68,941 3,252,636
Camden Property Trust 74,248 4,218,771
Corporate Office Properties Trust 71,277 2,575,951
Cousins Properties, Inc. 110,350 921,423
Duke Realty Corp. 268,887 3,767,107
Equity One, Inc. 51,063 958,453
Essex Property Trust, Inc. 34,253 4,247,372
Federal Realty Investment Trust (L) 65,526 5,344,301
Highwoods Properties, Inc. (L) 76,352 2,673,084
Hospitality Properties Trust (L) 131,446 3,042,975
Liberty Property Trust 121,995 4,013,636
Mack-Cali Realty Corp. 92,457 3,134,292
Nationwide Health Properties, Inc. 134,667 5,727,388
Omega Healthcare Investors, Inc. 106,467 2,378,473
Potlatch Corp. (L) 42,628 1,713,646
Rayonier, Inc. 86,327 5,379,035
Realty Income Corp. (L) 133,848 4,677,988
Regency Centers Corp. 87,195 3,791,239
Senior Housing Properties Trust 151,324 3,486,505
SL Green Realty Corp. (L) 84,047 6,320,334
Taubman Centers, Inc. 59,404 3,182,866
The Macerich Company (L) 138,797 6,874,615
UDR, Inc. (L) 194,324 4,735,676

 

266

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
Weingarten Realty Investors (L) 128,303 $ 3,215,273
 
    100,722,407
Real Estate Management & Development - 0.35%    
Jones Lang LaSalle, Inc. 45,642 4,552,333
Thrifts & Mortgage Finance - 1.23%    
Astoria Financial Corp. 88,047 1,265,235
First Niagara Financial Group, Inc. (L) 222,952 3,027,688
New York Community Bancorp, Inc. (L) 465,343 8,031,820
NewAlliance Bancshares, Inc. (L) 111,886 1,660,388
Washington Federal, Inc. 119,664 2,074,974
 
    16,060,105
    251,002,062
Health Care - 10.64%    
Biotechnology - 1.07%    
United Therapeutics Corp. (I) 54,149 3,629,066
Vertex Pharmaceuticals, Inc. (I)(L) 217,661 10,432,491
 
    14,061,557
Health Care Equipment & Supplies - 3.43%    
Beckman Coulter, Inc. 73,736 6,125,250
Gen-Probe, Inc. (I) 51,407 3,410,854
Hill-Rom Holdings, Inc. 67,190 2,551,876
Hologic, Inc. (I) 277,716 6,165,295
IDEXX Laboratories, Inc. (I)(L) 61,051 4,714,358
Immucor, Inc. (I) 74,564 1,474,876
Kinetic Concepts, Inc. (I) 66,839 3,637,378
Masimo Corp. (L) 63,686 2,108,007
ResMed, Inc. (I)(L) 163,455 4,903,650
STERIS Corp. 63,187 2,182,479
Teleflex, Inc. (L) 42,592 2,469,484
The Cooper Companies, Inc. 49,661 3,448,956
Thoratec Corp. (I) 62,457 1,619,510
 
    44,811,973
Health Care Providers & Services - 3.20%    
Community Health Systems, Inc. (I) 98,764 3,949,572
Health Management    
Associates, Inc., Class A (I) 268,092 2,922,203
Health Net, Inc. (I)(L) 99,366 3,249,268
Henry Schein, Inc. (I)(L) 97,853 6,866,345
Kindred Healthcare, Inc. (I)(L) 42,055 1,004,273
LifePoint Hospitals, Inc. (I) 54,827 2,202,949
Lincare Holdings, Inc. (L) 102,504 3,040,269
MEDNAX, Inc. (I) 51,094 3,403,371
Omnicare, Inc. (L) 124,458 3,732,495
Owens & Minor, Inc. 67,570 2,194,674
Universal Health Services, Inc., Class B 103,791 5,128,313
VCA Antech, Inc. (I)(L) 91,816 2,311,927
WellCare Health Plans, Inc. (I) 45,265 1,898,867
 
    41,904,526
Health Care Technology - 0.32%    
Allscripts-Misys Healthcare Solutions, Inc. (I) 201,285 4,224,972
Life Sciences Tools & Services - 1.56%    
Bio-Rad Laboratories, Inc., Class A (I) 20,781 2,496,629
Charles River    
Laboratories International, Inc. (I) 60,138 2,308,096
Covance, Inc. (I)(L) 64,325 3,519,864
Mettler-Toledo International, Inc. (I) 34,416 5,919,552
Pharmaceutical Product Development, Inc. (L) 122,667 3,399,103
Techne Corp. 39,525 2,829,990
 
    20,473,234

 

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Pharmaceuticals - 1.06%    
Endo Pharmaceuticals Holdings, Inc. (I)(L) 124,963 $ 4,768,588
Medicis Pharmaceutical Corp., Class A 62,803 2,012,208
Perrigo Company (L) 88,489 7,036,645
 
    13,817,441
 
    139,293,703
Industrials - 15.21%    
Aerospace & Defense - 0.65%    
Alliant Techsystems, Inc. 35,571 2,513,803
BE Aerospace, Inc. (I) 108,888 3,868,791
Huntington Ingalls Industries, Inc. (I) 51,780 2,148,870
 
    8,531,464
Airlines - 0.37%    
AirTran Holdings, Inc. (I) 144,263 1,074,759
Alaska Air Group, Inc. (I) 38,154 2,419,727
JetBlue Airways Corp. (I)(L) 215,497 1,351,166
 
    4,845,652
Building Products - 0.19%    
Lennox International, Inc. (L) 48,050 2,526,469
Commercial Services & Supplies - 1.56%    
Clean Harbors, Inc. (I) 24,455 2,412,730
Copart, Inc. (I) 63,619 2,756,611
Corrections Corp. of America (I) 116,245 2,836,378
Deluxe Corp. 54,748 1,453,012
Herman Miller, Inc. 60,840 1,672,492
HNI Corp. (L) 47,748 1,506,927
Mine Safety Appliances Company 33,054 1,212,090
Rollins, Inc. 67,595 1,372,179
The Brinks Company 49,557 1,640,832
Waste Connections, Inc. 121,335 3,493,235
 
    20,356,486
Construction & Engineering - 1.36%    
Aecom Technology Corp. (I) 126,422 3,505,682
Granite Construction, Inc. (L) 36,309 1,020,283
KBR, Inc. 161,062 6,083,312
The Shaw Group, Inc. (I) 90,574 3,207,225
URS Corp. (I) 85,856 3,953,669
 
    17,770,171
Electrical Equipment - 1.78%    
Acuity Brands, Inc. (L) 45,999 2,690,482
AMETEK, Inc. 171,201 7,510,588
Hubbell, Inc., Class B 64,531 4,583,637
Regal-Beloit Corp. (L) 41,132 3,036,776
Thomas & Betts Corp. (I) 55,613 3,307,305
Woodward, Inc. 62,955 2,175,725
 
    23,304,513
Industrial Conglomerates - 0.22%    
Carlisle Companies, Inc. 64,986 2,895,126
Machinery - 5.76%    
AGCO Corp. (I)(L) 100,593 5,529,597
Bucyrus International, Inc. 86,729 7,931,367
Crane Company 49,169 2,381,255
Donaldson Company, Inc. 81,897 5,019,467
Gardner Denver, Inc. 55,570 4,336,127
Graco, Inc. 64,001 2,911,405
Harsco Corp. (L) 85,904 3,031,552
IDEX Corp. 87,784 3,831,772
Kennametal, Inc. 87,476 3,411,564
Lincoln Electric Holdings, Inc. 44,851 3,405,088
Nordson Corp. 36,321 4,179,094

 

267

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Oshkosh Corp. (I) 96,625 $ 3,418,593
Pentair, Inc. 104,787 3,959,901
SPX Corp. 53,865 4,276,342
Terex Corp. (I) 116,171 4,302,974
Timken Company 86,513 4,524,630
Trinity Industries, Inc. 84,935 3,114,566
Valmont Industries, Inc. 22,702 2,369,408
Wabtec Corp. 51,068 3,463,942
 
    75,398,644
Marine - 0.40%    
Alexander & Baldwin, Inc. 43,977 2,007,550
Kirby Corp. (I) 57,146 3,273,894
 
    5,281,444
Professional Services - 0.97%    
FTI Consulting, Inc. (I)(L) 49,205 1,886,028
Korn/Ferry International (I) 49,410 1,100,361
Manpower, Inc. 87,192 5,482,633
The Corporate Executive Board Company 36,576 1,476,573
Towers Watson & Company, Class A 48,427 2,685,761
 
    12,631,356
Road & Rail - 1.23%    
Con-way, Inc. 58,646 2,304,201
J.B. Hunt Transport Services, Inc. 93,034 4,225,604
Kansas City Southern (I) 109,329 5,952,964
Landstar System, Inc. 50,969 2,328,264
Werner Enterprises, Inc. (L) 47,235 1,250,310
 
    16,061,343
Trading Companies & Distributors - 0.72%    
GATX Corp. 49,407 1,910,075
MSC Industrial Direct Company, Inc., Class A 47,943 3,282,657
United Rentals, Inc. (I)(L) 64,558 2,148,490
Watsco, Inc. 29,832 2,079,589
 
    9,420,811
    199,023,479
Information Technology - 15.99%    
Communications Equipment - 1.40%    
ADTRAN, Inc. (L) 68,724 2,918,021
Ciena Corp. (I)(L) 101,162 2,626,166
Plantronics, Inc. 52,037 1,905,595
Polycom, Inc. (I) 93,365 4,840,975
Riverbed Technology, Inc. (I) 160,683 6,049,715
 
    18,340,472
Computers & Peripherals - 0.59%    
Diebold, Inc. 70,062 2,484,399
NCR Corp. (I) 170,477 3,211,787
QLogic Corp. (I) 111,738 2,072,740
 
    7,768,926
Electronic Equipment, Instruments & Components - 2.45%  
Arrow Electronics, Inc. (I) 122,254 5,119,998
Avnet, Inc. (I) 162,575 5,542,182
Ingram Micro, Inc., Class A (I) 169,522 3,565,048
Itron, Inc. (I) 43,134 2,434,483
National Instruments Corp. 95,110 3,116,755
Tech Data Corp. (I) 49,646 2,524,996
Trimble Navigation, Ltd. (I) 130,089 6,574,698
Vishay Intertechnology, Inc. (I) 175,981 3,121,903
 
    32,000,063
Internet Software & Services - 1.07%    
AOL, Inc. (I) 113,818 2,222,866

 

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet Software & Services (continued)    
Digital River, Inc. (I)(L) 41,554 $ 1,555,366
Equinix, Inc. (I) 48,975 4,461,623
Rackspace Hosting, Inc. (I)(L) 104,984 4,498,564
ValueClick, Inc. (I) 86,300 1,247,898
 
    13,986,317
IT Services - 2.54%    
Acxiom Corp. (I) 85,554 1,227,700
Alliance Data Systems Corp. (I)(L) 54,444 4,676,195
Broadridge Financial Solutions, Inc. 133,428 3,027,481
Convergys Corp. (I) 130,214 1,869,873
CoreLogic, Inc. 110,888 2,051,428
DST Systems, Inc. 37,944 2,004,202
Gartner, Inc. (I)(L) 90,971 3,790,762
Global Payments, Inc. 84,946 4,155,558
Jack Henry & Associates, Inc. 91,740 3,109,069
Lender Processing Services, Inc. 94,622 3,045,882
ManTech International Corp., Class A (I) 24,090 1,021,416
NeuStar, Inc., Class A (I) 78,573 2,009,897
SRA International, Inc., Class A (I) 45,771 1,298,066
 
    33,287,529
Office Electronics - 0.18%    
Zebra Technologies Corp., Class A (I) 59,373 2,329,797
Semiconductors & Semiconductor Equipment - 3.57%  
Atmel Corp. (I) 486,501 6,631,009
Cree, Inc. (I)(L) 116,459 5,375,747
Cypress Semiconductor Corp. (I) 184,903 3,583,420
Fairchild Semiconductor International, Inc. (I) 134,527 2,448,391
Integrated Device Technology, Inc. (I) 160,675 1,184,175
International Rectifier Corp. (I) 74,369 2,458,639
Intersil Corp., Class A 132,863 1,654,144
Lam Research Corp. (I) 131,557 7,454,020
RF Micro Devices, Inc. (I) 294,016 1,884,643
Semtech Corp. (I) 67,416 1,686,748
Silicon Laboratories, Inc. (I) 46,896 2,026,376
Skyworks Solutions, Inc. (I)(L) 197,455 6,401,491
Varian Semiconductor    
Equipment Associates, Inc. (I) 79,995 3,893,357
 
    46,682,160
Software - 4.19%    
ACI Worldwide, Inc. (I) 35,548 1,165,974
Advent Software, Inc. (I)(L) 34,542 990,319
ANSYS, Inc. (I) 97,726 5,295,772
Cadence Design Systems, Inc. (I) 285,887 2,787,398
Concur Technologies, Inc. (I) 49,707 2,756,253
FactSet Research Systems, Inc. (L) 49,351 5,168,530
Fair Isaac Corp. 42,655 1,348,325
Informatica Corp. (I) 101,032 5,276,901
Mentor Graphics Corp. (I) 116,780 1,708,491
MICROS Systems, Inc. (I) 86,077 4,254,786
Parametric Technology Corp. (I) 125,775 2,828,680
Quest Software, Inc. (I) 67,449 1,712,530
Rovi Corp. (I) 120,256 6,451,734
Solera Holdings, Inc. 75,017 3,833,369
Synopsys, Inc. (I) 160,610 4,440,867
TIBCO Software, Inc. (I) 176,223 4,802,077
 
    54,822,006
 
    209,217,270
Materials - 6.74%    
Chemicals - 3.40%    
Albemarle Corp. 97,572 5,831,878
Ashland, Inc. 84,163 4,861,255

 

268

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chemicals (continued)    
Cabot Corp. 69,710 $ 3,226,876
Cytec Industries, Inc. 52,656 2,862,907
Intrepid Potash, Inc. (I) 47,198 1,643,434
Lubrizol Corp. 68,230 9,140,090
Minerals Technologies, Inc. 19,447 1,332,508
NewMarket Corp. 10,203 1,614,319
Olin Corp. (L) 84,742 1,942,287
RPM International, Inc. 138,459 3,285,632
Sensient Technologies Corp. 53,216 1,907,261
The Scotts Miracle-Gro Company, Class A (L) 48,564 2,809,427
Valspar Corp. 102,149 3,994,026
 
    44,451,900
Construction Materials - 0.33%    
Martin Marietta Materials, Inc. (L) 48,446 4,344,153
Containers & Packaging - 1.56%    
AptarGroup, Inc. 71,368 3,577,678
Greif, Inc., Class A 33,190 2,170,958
Packaging Corp. of America 108,989 3,148,692
Rock-Tenn Company, Class A (L) 42,076 2,917,971
Silgan Holdings, Inc. 52,083 1,986,446
Sonoco Products Company 106,784 3,868,784
Temple-Inland, Inc. 115,204 2,695,774
 
    20,366,303
Metals & Mining - 1.34%    
Carpenter Technology Corp. 46,862 2,001,476
Commercial Metals Company 121,893 2,105,092
Compass Minerals International, Inc. 34,968 3,270,557
Reliance Steel & Aluminum Company 79,499 4,593,452
Steel Dynamics, Inc. (L) 232,055 4,355,672
Worthington Industries, Inc. 59,246 1,239,426
 
    17,565,675
Paper & Forest Products - 0.11%    
Louisiana-Pacific Corp. (I)(L) 140,710 1,477,455
 
    88,205,486
Telecommunication Services - 0.49%    
Diversified Telecommunication Services - 0.24%    
TW Telecom, Inc. (I) 160,310 3,077,952
Wireless Telecommunication Services - 0.25%    
Telephone & Data Systems, Inc. 97,401 3,282,414
 
    6,360,366
Utilities - 5.81%    
Electric Utilities - 1.64%    
Cleco Corp. 64,900 2,225,421
DPL, Inc. (L) 126,882 3,477,836
Great Plains Energy, Inc. 144,484 2,892,570
Hawaiian Electric Industries, Inc. (L) 101,017 2,505,222
IDACORP, Inc. 52,628 2,005,127
NV Energy, Inc. 250,860 3,735,305
PNM Resources, Inc. 92,290 1,376,967
Westar Energy, Inc. (L) 120,927 3,194,891
 
    21,413,339
Gas Utilities - 2.08%    
AGL Resources, Inc. 83,056 3,308,951
Atmos Energy Corp. 96,524 3,291,468
Energen Corp. 76,729 4,843,134
National Fuel Gas Company 87,683 6,488,542
Questar Corp. 188,797 3,294,508
UGI Corp. 118,313 3,892,498

 

Mid Cap Index Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Gas Utilities (continued)      
WGL Holdings, Inc.   54,440 $ 2,123,160
 
      27,242,261
Independent Power Producers & Energy Traders - 0.05%  
Dynegy, Inc. (I)   111,108 632,205
Multi-Utilities - 1.78%      
Alliant Energy Corp.   118,067 4,596,348
Black Hills Corp. (L)   41,806 1,397,993
MDU Resources Group, Inc.   200,991 4,616,763
NSTAR   110,301 5,103,627
OGE Energy Corp.   103,964 5,256,420
Vectren Corp.   86,961 2,365,339
 
      23,336,490
Water Utilities - 0.26%      
Aqua America, Inc. (L)   146,909 3,362,747
 
      75,987,042
TOTAL COMMON STOCKS (Cost $983,472,574)   $ 1,283,530,060
 
WARRANTS - 0.00%      
Krispy Kreme Doughnuts, Inc. (Expiration      
Date: 3/2/2012; Strike Price: $12.21) (I)    935 159
TOTAL WARRANTS (Cost $0)     $ 159
 
SECURITIES LENDING COLLATERAL - 16.64%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   21,755,372 217,703,834
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $217,720,828)     $ 217,703,834
 
SHORT-TERM INVESTMENTS - 1.35%    
 
Repurchase Agreement - 0.20%      
Repurchase Agreement with State Street Corp.    
dated 03/31/11 at 0.010% to be repurchased    
at $2,694,000 on 04/01/11, collateralized by    
$2,750,000 U.S. Treasury Bills, 4.375% due    
11/15/39 (valued at $2,750,446,      
including interest). $ 2,694,000 $ 2,694,000
 
U.S. Government Agency - 1.15%      
Federal Home Loan Bank Discount Notes,      
0.105%, 06/01/2011   5,000,000 4,999,110
Federal National Mortgage Association,      
0.060%, 05/24/2011   10,000,000 9,999,117
 
      14,998,227
TOTAL SHORT-TERM INVESTMENTS (Cost $17,692,227) $ 17,692,227
Total Investments (Mid Cap Index Trust)    
(Cost $1,218,885,629) - 116.08%     $ 1,518,926,280
Other assets and liabilities, net - (16.08%)   (210,460,725)
 
TOTAL NET ASSETS - 100.00%     $ 1,308,465,555

 

269

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Stock Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 100.78%    
Consumer Discretionary - 26.70%    
Auto Components - 0.95%    
Gentex Corp. 277,200 $ 8,385,300
Automobiles - 0.66%    
Thor Industries, Inc. (L) 175,358 5,851,696
Distributors - 0.89%    
LKQ Corp. (I)(L) 328,500 7,916,850
Diversified Consumer Services - 3.19%    
Anhanguera Educacional Participacoes SA 365,800 8,957,636
Estacio Participacoes SA 643,000 10,436,713
Weight Watchers International, Inc. 62,400 4,374,240
Xueda Education Group (I) 465,810 4,453,144
 
    28,221,733
Hotels, Restaurants & Leisure - 1.87%    
Domino’s Pizza UK & IRL PLC 1,298,744 8,922,322
The Cheesecake Factory, Inc. (I)(L) 254,720 7,664,525
 
    16,586,847
Household Durables - 2.63%    
Jarden Corp. 223,744 7,958,574
Tempur-Pedic International, Inc. (I)(L) 302,150 15,306,919
 
    23,265,493
Internet & Catalog Retail - 2.79%    
Netflix, Inc. (I)(L) 37,300 8,852,409
priceline.com, Inc. (I) 23,430 11,865,889
Shutterfly, Inc. (I) 75,500 3,953,180
 
    24,671,478
Leisure Equipment & Products - 1.42%    
Brunswick Corp. (L) 493,600 12,552,248
Multiline Retail - 1.04%    
Big Lots, Inc. (I) 211,300 9,176,759
Specialty Retail - 6.51%    
Abercrombie & Fitch Company, Class A 152,000 8,922,400
Advance Auto Parts, Inc. (L) 135,580 8,896,760
Dick’s Sporting Goods, Inc. (I) 213,200 8,523,736
Ross Stores, Inc. (L) 121,200 8,619,744
SA SA International Holdings, Ltd. 8,130,000 4,144,235
Ulta Salon, Cosmetics & Fragrance, Inc. (I)(L) 181,365 8,729,097
Williams-Sonoma, Inc. 242,800 9,833,400
 
    57,669,372
Textiles, Apparel & Luxury Goods - 4.75%    
Coach, Inc. 154,700 8,050,588
Columbia Sportswear Company (L) 133,100 7,908,802
Hanesbrands, Inc. (I)(L) 383,500 10,369,840
Pandora A/S (I)(L) 131,459 6,687,395
Under Armour, Inc., Class A (I)(L) 133,500 9,084,675
 
    42,101,300
    236,399,076
Consumer Staples - 4.69%    
Food & Staples Retailing - 1.56%    
Fresh Market, Inc. (I)(L) 127,100 4,796,754
Whole Foods Market, Inc. (L) 137,700 9,074,430
 
    13,871,184
Food Products - 3.13%    
Green Mountain Coffee Roasters, Inc. (I)(L) 428,530 27,687,323
 
    41,558,507

 

Mid Cap Stock Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy - 4.67%    
Energy Equipment & Services - 0.95%    
Ensco International PLC, ADR 145,500 $ 8,415,720
Oil, Gas & Consumable Fuels - 3.72%    
Cabot Oil & Gas Corp. (L) 176,700 9,359,799
Cobalt International Energy, Inc. (I)(L) 153,300 2,576,973
CONSOL Energy, Inc. 179,100 9,605,133
Karoon Gas Australia, Ltd. (I) 291,065 2,153,634
Southwestern Energy Company (I) 214,000 9,195,580
 
    32,891,119
 
    41,306,839
Financials - 2.39%    
Capital Markets - 1.65%    
Invesco, Ltd. 267,010 6,824,776
SEI Investments Company 324,800 7,756,224
 
    14,581,000
Diversified Financial Services - 0.74%    
Great American Group, Inc. (I) 939,600 281,880
Justice Holdings, Ltd. (I) 396,800 6,285,894
 
    6,567,774
 
    21,148,774
Health Care - 13.26%    
Biotechnology - 0.55%    
Amylin Pharmaceuticals, Inc. (I)(L) 136,433 1,551,243
Regeneron Pharmaceuticals, Inc. (I)(L) 73,200 3,289,608
 
    4,840,851
Health Care Equipment & Supplies - 5.92%    
Edwards Lifesciences Corp. (I) 177,900 15,477,300
Gen-Probe, Inc. (I)(L) 183,200 12,155,320
HeartWare International, Inc. (I)(L) 83,000 7,098,990
Hologic, Inc. (I) 604,800 13,426,560
Zoll Medical Corp. (I)(L) 95,500 4,279,355
 
    52,437,525
Health Care Providers & Services - 0.95%    
Cardinal Health, Inc. 204,900 8,427,537
Health Care Technology - 2.43%    
Allscripts-Misys Healthcare Solutions, Inc. (I) 508,400 10,671,316
SXC Health Solutions Corp. (I) 196,900 10,790,120
 
    21,461,436
Life Sciences Tools & Services - 2.34%    
Pharmaceutical Product Development, Inc. 415,100 11,502,421
Waters Corp. (I)(L) 106,400 9,246,160
 
    20,748,581
Pharmaceuticals - 1.07%    
Auxilium Pharmaceuticals, Inc. (I)(L) 218,100 4,682,607
Salix Pharmaceuticals, Ltd. (I) 136,200 4,771,086
 
    9,453,693
 
    117,369,623
Industrials - 15.25%    
Aerospace & Defense - 0.70%    
DigitalGlobe, Inc. (I) 221,324 6,203,712
Air Freight & Logistics - 0.71%    
Expeditors International of Washington, Inc. 125,200 6,277,528
Commercial Services & Supplies - 1.82%    
Corrections Corp. of America (I) 303,970 7,416,868
Higher One Holdings, Inc. (I)(L) 86,688 1,252,642

 

270

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Stock Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Services & Supplies (continued)    
The Geo Group, Inc. (I)(L) 289,600 $ 7,425,344
    16,094,854
Construction & Engineering - 4.38%    
Aecom Technology Corp. (I)(L) 450,400 12,489,592
FLS Industries A/S 122,945 10,465,760
Fluor Corp. 91,600 6,747,256
Foster Wheeler AG (I) 241,100 9,070,182
 
    38,772,790
Machinery - 2.04%    
Ingersoll-Rand PLC (L) 142,600 6,889,006
Navistar International Corp. (I) 161,100 11,169,063
 
    18,058,069
Professional Services - 0.87%    
Manpower, Inc. 123,200 7,746,816
Road & Rail - 3.71%    
Con-way, Inc. (L) 199,300 7,830,497
J.B. Hunt Transport Services, Inc. 187,200 8,502,624
Localiza Rent A Car SA 595,900 9,562,723
Swift Transporation Company (I) 472,900 6,951,630
 
    32,847,474
Trading Companies & Distributors - 1.02%    
United Rentals, Inc. (I)(L) 270,730 9,009,894
 
    135,011,137
Information Technology - 31.28%    
Communications Equipment - 7.15%    
AAC Acoustic Technologies Holdings, Inc. 1,752,000 4,740,819
Acme Packet, Inc. (I)(L) 156,500 11,105,240
ADTRAN, Inc. (L) 292,500 12,419,550
Aruba Networks, Inc. (I)(L) 322,270 10,905,617
Finisar Corp. (I) 250,000 6,150,000
Polycom, Inc. (I)(L) 346,200 17,950,470
 
    63,271,696
Electronic Equipment, Instruments & Components - 1.27%  
Jabil Circuit, Inc. 551,800 11,273,274
Internet Software & Services - 1.94%    
Akamai Technologies, Inc. (I) 289,100 10,985,800
Demand Media, Inc. (I)(L) 263,100 6,196,005
 
    17,181,805
IT Services - 4.56%    
Cognizant Technology    
Solutions Corp., Class A (I) 99,830 8,126,162
Gartner, Inc. (I) 167,609 6,984,267
Genpact, Ltd. (I) 421,600 6,104,768
Teradata Corp. (I) 174,300 8,837,010
The Western Union Company 496,000 10,301,920
 
    40,354,127
Semiconductors & Semiconductor Equipment - 8.32%  
Broadcom Corp., Class A (I) 237,400 9,348,812
Cavium Networks, Inc. (I)(L) 229,600 10,315,928
Cree, Inc. (I) 61,200 2,824,992
Cymer, Inc. (I) 163,200 9,233,856
Cypress Semiconductor Corp. (I) 418,800 8,116,344
NVIDIA Corp. (I) 472,400 8,720,504
NXP Semiconductor NV (I) 275,431 8,262,930
Skyworks Solutions, Inc. (I)(L) 520,100 16,861,642
 
    73,685,008
Software - 8.04%    
BroadSoft, Inc. (I) 142,435 6,792,725

 

Mid Cap Stock Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Software (continued)      
Cadence Design Systems, Inc. (I)(L)   1,056,100 $ 10,296,975
Citrix Systems, Inc. (I)   122,100 8,969,466
Concur Technologies, Inc. (I)(L)   173,300 9,609,485
Fortinet, Inc. (I)   115,200 5,068,800
RealD, Inc. (I)(L)   320,400 8,766,144
SuccessFactors, Inc. (I)(L)   234,900 9,182,241
TIBCO Software, Inc. (I)(L)   456,500 12,439,625
 
      71,125,461
 
      276,891,371
Materials - 2.54%      
Chemicals - 1.99%      
CF Industries Holdings, Inc.   62,700 8,576,733
Methanex Corp.   289,900 9,053,577
 
      17,630,310
Metals & Mining - 0.55%      
Vallar PLC (I)   240,075 4,830,337
 
      22,460,647
TOTAL COMMON STOCKS (Cost $703,653,791)   $ 892,145,974
 
SECURITIES LENDING COLLATERAL - 28.55%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   25,253,933 252,713,586
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $252,721,360)     $ 252,713,586
 
SHORT-TERM INVESTMENTS - 1.03%    
Repurchase Agreement - 1.03%      
Deutsche Bank Tri-Party Repurchase      
Agreement dated 03/31/2011 at 0.150% to    
be repurchased at $9,100,038 on      
04/01/2011, collateralized by $9,255,113      
Federal Home Loan Mortgage Corp.,      
3.500% due 01/01/2026 (valued at      
$9,282,001, including interest) $ 9,100,000 $ 9,100,000
TOTAL SHORT-TERM INVESTMENTS (Cost $9,100,000) $ 9,100,000
Total Investments (Mid Cap Stock Trust)    
(Cost $965,475,151) - 130.36%     $ 1,153,959,560
Other assets and liabilities, net - (30.36%)   (268,723,485)
 
TOTAL NET ASSETS - 100.00%     $ 885,236,075

 

Mid Cap Value Equity Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 98.23%    
Consumer Discretionary - 12.77%    
Auto Components - 0.91%    
TRW Automotive Holdings Corp. (I) 11,263 $ 620,366
Visteon Corp. (I) 11,445 715,198
 
    1,335,564
Automobiles - 0.62%    
Ford Motor Company (I) 61,357 914,833
Diversified Consumer Services - 1.28%    
Apollo Group, Inc., Class A (I) 7,504 312,992
Capella Education Company (I)(L) 6,201 308,748
Career Education Corp. (I) 19,829 450,515

 

271

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Value Equity Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Diversified Consumer Services (continued)    
Corinthian Colleges, Inc. (I)(L) 37,547 $ 165,958
DeVry, Inc. 6,643 365,830
ITT Educational Services, Inc. (I)(L) 3,859 278,427
 
    1,882,470
Hotels, Restaurants & Leisure - 1.58%    
Penn National Gaming, Inc. (I)(L) 39,075 1,448,120
Royal Caribbean Cruises, Ltd. (I)(L) 21,314 879,415
 
    2,327,535
Household Durables - 0.89%    
D.R. Horton, Inc. (L) 25,256 294,232
KB Home (L) 11,981 149,044
Lennar Corp., Class A 14,821 268,557
Mohawk Industries, Inc. (I) 9,691 592,605
 
    1,304,438
Leisure Equipment & Products - 1.63%    
Hasbro, Inc. (L) 51,219 2,399,098
Media - 2.90%    
DISH Network Corp. (I) 40,107 977,007
Liberty Media Corp. - Starz, Series A (I) 10,654 826,750
National CineMedia, Inc. (L) 68,738 1,283,338
Regal Entertainment Group (L) 87,382 1,179,657
 
    4,266,752
Multiline Retail - 2.16%    
Macy’s, Inc. 67,547 1,638,690
Nordstrom, Inc. 34,351 1,541,673
 
    3,180,363
Specialty Retail - 0.80%    
Abercrombie & Fitch Company, Class A 20,130 1,181,631
 
    18,792,684
Consumer Staples - 3.84%    
Tobacco - 3.84%    
Lorillard, Inc. 59,430 5,646,444
Energy - 11.73%    
Energy Equipment & Services - 3.82%    
Cameron International Corp. (I) 19,216 1,097,234
McDermott International, Inc. (I) 72,258 1,834,631
Nabors Industries, Ltd. (I)(L) 63,867 1,940,278
Noble Corp. (L) 16,325 744,746
 
    5,616,889
Oil, Gas & Consumable Fuels - 7.91%    
Alpha Natural Resources, Inc. (I)(L) 15,490 919,641
El Paso Corp. 83,879 1,509,822
Enbridge, Inc. 38,084 2,340,262
EQT Corp. 6,980 348,302
Newfield Exploration Company (I)(L) 43,561 3,311,072
QEP Resources, Inc. 12,749 516,844
Whiting Petroleum Corp. (I) 36,699 2,695,542
 
    11,641,485
    17,258,374
Financials - 16.95%    
Capital Markets - 1.36%    
Artio Global Investors, Inc. (L) 17,784 287,389
Invesco, Ltd. 67,100 1,715,075
 
    2,002,464
Commercial Banks - 6.93%    
CIT Group, Inc. (I) 77,936 3,316,177
Comerica, Inc. (L) 32,326 1,187,011

 

Mid Cap Value Equity Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Cullen/Frost Bankers, Inc. (L) 10,713 $ 632,281
Fifth Third Bancorp 106,501 1,478,234
Huntington Bancshares, Inc. 130,148 864,183
KeyCorp 115,848 1,028,730
SunTrust Banks, Inc. 36,626 1,056,294
TCF Financial Corp. 40,056 635,288
 
    10,198,198
Diversified Financial Services - 0.30%    
PICO Holdings, Inc. (I) 14,653 440,469
Insurance - 5.87%    
Assurant, Inc. 22,721 874,986
Axis Capital Holdings, Ltd. 19,922 695,676
Everest Re Group, Ltd. 11,098 978,621
Lincoln National Corp. 59,773 1,795,581
PartnerRe, Ltd. 10,741 851,116
Transatlantic Holdings, Inc. 8,094 393,935
XL Group PLC 123,690 3,042,773
 
    8,632,688
Real Estate Investment Trusts - 2.49%    
AvalonBay Communities, Inc. (L) 2,682 322,055
Boston Properties, Inc. (L) 3,606 342,029
Equity Residential (L) 8,387 473,111
Pebblebrook Hotel Trust 11,811 261,614
ProLogis 64,929 1,037,565
Rayonier, Inc. 11,405 710,646
Ventas, Inc. (L) 9,625 522,638
 
    3,669,658
    24,943,477
Health Care - 10.62%    
Health Care Providers & Services - 2.63%    
CIGNA Corp. 60,516 2,679,648
Universal Health Services, Inc., Class B 24,163 1,193,894
 
    3,873,542
Life Sciences Tools & Services - 4.32%    
Agilent Technologies, Inc. (I)(L) 83,023 3,717,770
Life Technologies Corp. (I) 50,373 2,640,553
 
    6,358,323
Pharmaceuticals - 3.67%    
Hospira, Inc. (I) 7,429 410,081
Mylan, Inc. (I) 141,931 3,217,576
Watson Pharmaceuticals, Inc. (I) 31,567 1,768,068
 
    5,395,725
    15,627,590
Industrials - 17.78%    
Aerospace & Defense - 0.97%    
Goodrich Corp. 16,711 1,429,292
Airlines - 0.84%    
Delta Air Lines, Inc. (I) 48,730 477,554
United Continental Holdings, Inc. (I)(L) 24,519 563,692
US Airways Group, Inc. (I)(L) 22,487 195,862
 
    1,237,108
Building Products - 0.80%    
A.O. Smith Corp. (L) 26,438 1,172,261
Commercial Services & Supplies - 0.33%    
Ritchie Brothers Auctioneers, Inc. (L) 17,398 489,754
Construction & Engineering - 2.74%    
Chicago Bridge & Iron Company NV (L) 29,279 1,190,484

 

272

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Value Equity Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Construction & Engineering (continued)    
Fluor Corp. 8,913 $ 656,532
Foster Wheeler AG (I) 19,833 746,116
Jacobs Engineering Group, Inc. (I) 14,389 740,026
KBR, Inc. 18,569 701,351
 
    4,034,509
Electrical Equipment - 3.95%    
Cooper Industries PLC 56,119 3,642,122
Rockwell Automation, Inc. (L) 13,428 1,270,960
The Babcock & Wilcox Company (I) 27,003 901,360
 
    5,814,442
Machinery - 5.60%    
AGCO Corp. (I)(L) 18,754 1,030,907
Eaton Corp. 43,932 2,435,590
Navistar International Corp. (I) 21,863 1,515,762
Oshkosh Corp. (I) 10,782 381,467
Parker Hannifin Corp. 11,042 1,045,457
Terex Corp. (I) 27,563 1,020,934
The Manitowoc Company, Inc. (L) 36,670 802,340
 
    8,232,457
Road & Rail - 2.55%    
Con-way, Inc. (L) 16,765 658,697
J.B. Hunt Transport Services, Inc. (L) 19,928 905,130
Kansas City Southern (I) 28,778 1,566,962
Werner Enterprises, Inc. (L) 23,342 617,863
 
    3,748,652
    26,158,475
Information Technology - 7.74%    
Computers & Peripherals - 0.78%    
Western Digital Corp. (I) 30,818 1,149,203
Electronic Equipment, Instruments & Components - 1.09%  
Avnet, Inc. (I) 47,248 1,610,684
IT Services - 0.72%    
Computer Sciences Corp. (L) 21,877 1,066,066
Semiconductors & Semiconductor Equipment - 2.62%  
LSI Corp. (I) 442,170 3,006,756
Microchip Technology, Inc. (L) 22,137 841,427
 
    3,848,183
Software - 2.53%    
BMC Software, Inc. (I) 30,035 1,493,941
Check Point Software Technologies, Ltd. (I)(L) 43,567 2,224,094
 
    3,718,035
    11,392,171
Materials - 9.21%    
Chemicals - 5.50%    
Agrium, Inc. 6,591 608,086
Eastman Chemical Company 29,665 2,946,328
Huntsman Corp. 63,670 1,106,585
Lubrizol Corp. 9,483 1,270,343
PPG Industries, Inc. 22,658 2,157,268
 
    8,088,610
Construction Materials - 0.29%    
Cemex SAB de CV, SADR (I) 47,189 421,402
Containers & Packaging - 0.35%    
Smurfit-Stone Container Corp. (I) 13,337 515,475
Metals & Mining - 1.91%    
Cliffs Natural Resources, Inc. 6,541 642,849
Freeport-McMoRan Copper & Gold, Inc. 23,095 1,282,927

 

Mid Cap Value Equity Trust (continued)  
    Shares or  
    Principal  
    Amount Value
COMMON STOCKS (continued)      
Metals & Mining (continued)      
Kobe Steel Ltd. SADR   32,929 $ 426,431
Steel Dynamics, Inc.   24,699 463,600
 
      2,815,807
Paper & Forest Products - 1.16%      
Domtar Corp.   9,733 893,295
Louisiana-Pacific Corp. (I)(L)   77,573 814,517
 
      1,707,812
      13,549,106
Telecommunication Services - 1.79%      
Diversified Telecommunication Services - 1.57%    
CenturyLink, Inc.   15,387 639,330
Qwest Communications International, Inc.   107,813 736,363
Windstream Corp. (L)   73,087 940,630
 
      2,316,323
Wireless Telecommunication Services - 0.22%    
Sprint Nextel Corp. (I)(L)   69,649 323,171
 
      2,639,494
Utilities - 5.80%      
Electric Utilities - 2.03%      
Entergy Corp.   11,832 795,229
FirstEnergy Corp.   13,851 513,734
Pepco Holdings, Inc.   53,406 996,022
Pinnacle West Capital Corp.   15,921 681,260
 
      2,986,245
Gas Utilities - 0.19%      
Questar Corp.   15,717 274,262
Multi-Utilities - 3.58%      
CenterPoint Energy, Inc.   78,073 1,370,962
DTE Energy Company (L)   37,456 1,833,846
Sempra Energy   16,273 870,606
Wisconsin Energy Corp.   38,990 1,189,195
 
      5,264,609
      8,525,116
TOTAL COMMON STOCKS (Cost $103,464,620) $ 144,532,931
CONVERTIBLE BONDS - 0.16%      
Materials - 0.16%      
Construction Materials - 0.16%      
Cemex SAB de CV      
3.750%, 03/15/2018 (S) $ 233,000 $ 242,029
TOTAL CONVERTIBLE BONDS (Cost $233,000) $ 242,029
SECURITIES LENDING COLLATERAL - 23.25%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   3,418,338 34,206,964
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $34,207,599)   $ 34,206,964

 

273

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Value Equity Trust (continued)  
  Shares or   
  Principal   
   Amount Value
 
SHORT-TERM INVESTMENTS - 0.16%    
Repurchase Agreement - 0.16%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be      
repurchased at $230,000 on 04/01/2011,      
collateralized by $235,000 Federal National    
Mortgage Association, 2.000% due      
07/14/2014 (valued at $236,469,      
including interest). $ 230,000 $ 230,000
TOTAL SHORT-TERM INVESTMENTS (Cost $230,000) $ 230,000
Total Investments (Mid Cap Value Equity Trust)    
(Cost $138,135,219) - 121.80%   $ 179,211,924
Other assets and liabilities, net - (21.80%)   (32,075,253)
TOTAL NET ASSETS - 100.00%   $ 147,136,671

 

Mid Value Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 93.07%    
Consumer Discretionary - 14.93%    
Auto Components - 1.41%    
BorgWarner, Inc. (I)(L) 93,000 $ 7,411,170
Visteon Corp. (I) 43,700 2,730,813
Visteon Corp. (I)(S) 26,500 1,655,985
 
    11,797,968
Diversified Consumer Services - 3.51%    
Career Education Corp. (I)(L) 363,100 8,249,632
H&R Block, Inc. (L) 349,200 5,845,608
Strayer Education, Inc. (L) 21,600 2,818,584
Weight Watchers International, Inc. 178,250 12,495,325
 
    29,409,149
Hotels, Restaurants & Leisure - 0.82%    
International Game Technology (L) 422,200 6,852,306
Household Durables - 1.42%    
Fortune Brands, Inc. 173,900 10,762,671
Pulte Group, Inc. (I)(L) 158,300 1,171,420
 
    11,934,091
Internet & Catalog Retail - 0.70%    
Liberty Media Corp. - Interactive, Series A (I) 366,100 5,872,244
Leisure Equipment & Products - 1.43%    
Mattel, Inc. 366,400 9,134,352
Sankyo Company, Ltd. 55,200 2,830,344
 
    11,964,696
Media - 3.67%    
DISH Network Corp. (I) 309,800 7,546,728
Liberty Media Corp. - Starz, Series A (I) 74,404 5,773,750
Meredith Corp. (L) 243,781 8,269,052
Scholastic Corp. (L) 208,424 5,635,785
Scripps Networks Interactive, Inc., Class A (L) 22,300 1,117,007
The Washington Post Company, Class B (L) 5,600 2,450,336
 
    30,792,658
Multiline Retail - 0.18%    
Dollar General Corp. (I) 47,600 1,492,260
Specialty Retail - 1.79%    
CarMax, Inc. (I)(L) 107,000 3,434,700
The Gap, Inc. (L) 412,600 9,349,516

 

Mid Value Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Tiffany & Company 35,400 $ 2,174,976
 
    14,959,192
 
    125,074,564
Consumer Staples - 9.25%    
Beverages - 0.40%    
Brown Forman Corp., Class B (L) 49,000 3,346,700
Food & Staples Retailing - 2.08%    
Sysco Corp. 175,100 4,850,270
The Kroger Company 525,900 12,605,823
 
    17,456,093
Food Products - 3.53%    
Campbell Soup Company (L) 154,800 5,125,428
Flowers Foods, Inc. (L) 104,600 2,848,258
McCormick & Company, Inc., Class B 125,600 6,007,448
Sara Lee Corp. 255,300 4,511,151
The Hershey Company (L) 140,000 7,609,000
Tootsie Roll Industries, Inc. (L) 121,128 3,435,190
 
    29,536,475
Household Products - 0.75%    
Clorox Company (L) 90,200 6,320,314
Personal Products - 2.49%    
Alberto-Culver Company 288,800 10,763,576
Avon Products, Inc. 231,200 6,251,648
The Estee Lauder    
Companies, Inc., Class A (L) 39,700 3,825,492
 
    20,840,716
 
    77,500,298
Energy - 9.79%    
Energy Equipment & Services - 1.40%    
Exterran Holdings, Inc. (I)(L) 243,622 5,781,150
Weatherford International, Ltd. (I) 264,200 5,970,920
 
    11,752,070
Oil, Gas & Consumable Fuels - 8.39%    
Arch Coal, Inc. 164,133 5,915,353
El Paso Corp. 578,600 10,414,800
EQT Corp. 221,900 11,072,810
Hess Corp. 84,400 7,191,724
Marathon Oil Corp. 292,200 15,577,179
Murphy Oil Corp. 66,400 4,875,088
Nexen, Inc. 612,300 15,258,516
 
    70,305,470
 
    82,057,540
Financials - 21.99%    
Capital Markets - 5.18%    
Apollo Global Management LLC (I) 6,000 108,000
E*TRADE Financial Corp. (I) 601,070 9,394,724
Federated Investors, Inc., Class B (L) 193,800 5,184,150
Greenhill & Company, Inc. (L) 119,809 7,882,234
Janus Capital Group, Inc. (L) 575,200 7,172,744
Northern Trust Corp. 269,600 13,682,200
 
    43,424,052
Commercial Banks - 3.01%    
CIT Group, Inc. (I) 230,300 9,799,265
Commerce Bancshares, Inc. 63,459 2,566,282
First Horizon National Corp. (L) 493,149 5,528,200
First Republic Bank/San Francisco CA (I) 10,300 318,373
Marshall & Ilsley Corp. 126,600 1,011,534

 

274

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Westamerica Bancorp. (L) 117,000 $ 6,010,290
    25,233,944
Consumer Finance - 1.10%    
Discover Financial Services 381,300 9,196,956
Insurance - 6.15%    
Arthur J. Gallagher & Company (L) 72,600 2,207,766
Assured Guaranty, Ltd. 121,500 1,810,350
Axis Capital Holdings, Ltd. 88,700 3,097,404
Fidelity National Financial, Inc., Class A 530,600 7,497,378
First American Financial Corp. 545,700 9,004,050
Marsh & McLennan Companies, Inc. 404,600 12,061,126
OneBeacon Insurance Group, Ltd. 120,600 1,631,718
The Allstate Corp. 124,300 3,950,254
The Progressive Corp. 300,400 6,347,452
Unitrin, Inc. 47,002 1,451,422
White Mountains Insurance Group, Ltd. 6,718 2,446,696
 
    51,505,616
Real Estate Investment Trusts - 4.66%    
Cousins Properties, Inc. (L) 322,887 2,696,106
Federal Realty Investment Trust 7,800 636,168
General Growth Properties, Inc. 261,329 4,045,373
Kimco Realty Corp. (L) 365,700 6,706,938
ProLogis 282,100 4,507,958
SL Green Realty Corp. (L) 54,600 4,105,920
Weingarten Realty Investors (L) 136,100 3,410,666
Weyerhaeuser Company (L) 525,636 12,930,646
 
    39,039,775
Real Estate Management & Development - 0.97%    
Forest City Enterprises, Inc., Class A (I)(L) 165,800 3,122,014
The St. Joe Company (I)(L) 197,800 4,958,846
 
    8,080,860
Thrifts & Mortgage Finance - 0.92%    
BankUnited, Inc. 41,200 1,182,852
Capitol Federal Financial, Inc. 357,798 4,032,383
MGIC Investment Corp. (I)(L) 283,800 2,522,982
 
    7,738,217
    184,219,420
Health Care - 6.78%    
Biotechnology - 1.42%    
Cephalon, Inc. (I)(L) 157,100 11,905,038
Health Care Equipment & Supplies - 1.43%    
Beckman Coulter, Inc. 70,400 5,848,128
Zimmer Holdings, Inc. (I) 101,200 6,125,636
 
    11,973,764
Health Care Providers & Services - 3.40%    
Cardinal Health, Inc. 90,900 3,738,717
Healthsouth Corp. (I)(L) 598,570 14,952,279
Quest Diagnostics, Inc. 47,500 2,741,700
Select Medical Holdings Corp. (I) 341,700 2,754,102
Tenet Healthcare Corp. (I) 580,700 4,326,215
 
    28,513,013
Life Sciences Tools & Services - 0.30%    
Charles River    
Laboratories International, Inc. (I) 65,800 2,525,404
Pharmaceuticals - 0.23%    
Forest Laboratories, Inc. (I) 58,500 1,889,550
 
    56,806,769

 

Mid Value Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Industrials - 8.01%    
Aerospace & Defense - 1.65%    
Raytheon Company 109,300 $ 5,560,091
Textron, Inc. (L) 302,300 8,279,997
 
    13,840,088
Airlines - 2.01%    
Delta Air Lines, Inc. (I) 294,600 2,887,080
Southwest Airlines Company 1,102,100 13,919,523
 
    16,806,603
Commercial Services & Supplies - 0.71%    
Cintas Corp. (L) 196,600 5,951,082
Electrical Equipment - 0.20%    
The Babcock & Wilcox Company (I) 49,404 1,649,106
Machinery - 0.89%    
WABCO Holdings, Inc. (I) 121,600 7,495,424
Professional Services - 1.85%    
Equifax, Inc. 34,300 1,332,555
Manpower, Inc. 144,700 9,098,736
Verisk Analytics, Inc., Class A (I) 156,000 5,110,560
 
    15,541,851
Road & Rail - 0.70%    
Hertz Global Holdings, Inc. (I)(L) 375,300 5,865,939
 
    67,150,093
Information Technology - 6.74%    
Communications Equipment - 0.62%    
Harris Corp. (L) 45,300 2,246,880
Motorola Mobility Holdings, Inc. (I)(L) 122,275 2,983,510
 
    5,230,390
Electronic Equipment, Instruments & Components - 2.46%  
AVX Corp. 224,200 3,342,822
Molex, Inc., Class A 337,100 6,974,599
TE Connectivity, Ltd. 295,100 10,275,382
 
    20,592,803
IT Services - 1.87%    
Automatic Data Processing, Inc. 10,800 554,148
Computer Sciences Corp. (L) 118,100 5,755,013
CoreLogic, Inc. 123,100 2,277,350
Paychex, Inc. (L) 153,600 4,816,896
SAIC, Inc. (I)(L) 133,600 2,260,512
 
    15,663,919
Semiconductors & Semiconductor Equipment - 1.46%  
ASML Holding NV -New York    
Registered Shares (I)(L) 72,283 3,216,594
National Semiconductor Corp. 65,800 943,572
Novellus Systems, Inc. (I) 216,400 8,034,932
 
    12,195,098
Software - 0.33%    
Electronic Arts, Inc. (I)(L) 141,700 2,767,401
 
    56,449,611
Materials - 5.95%    
Chemicals - 2.04%    
International Flavors & Fragrances, Inc. (L) 114,200 7,114,660
Nalco Holding Company 366,800 10,017,308
 
    17,131,968
Construction Materials - 0.50%    
Vulcan Materials Company (L) 91,007 4,149,919

 

275

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)    
  Shares or   
  Principal   
  Amount  Value
COMMON STOCKS (continued)      
Containers & Packaging - 1.06%      
Temple-Inland, Inc.   381,000 $ 8,915,400
Metals & Mining - 2.14%      
Agnico Eagle Mines, Ltd.   69,300 4,598,055
Franco-Nevada Corp.   180,900 6,640,775
United States Steel Corp. (L)   123,700 6,672,378
 
      17,911,208
Paper & Forest Products - 0.21%      
Domtar Corp.   18,883 1,733,082
 
      49,841,577
Telecommunication Services - 1.38%      
Diversified Telecommunication Services - 0.30%    
Hellenic Telecommunications      
Organization SA, SADR (L)   466,600 2,552,302
Wireless Telecommunication Services - 1.08%    
Telephone & Data Systems, Inc. (L)   79,500 2,679,150
Telephone & Data Systems, Inc. -      
Special Shares   215,300 6,355,656
 
      9,034,806
      11,587,108
Utilities - 8.25%      
Electric Utilities - 3.62%      
American Electric Power Company, Inc.   83,600 2,937,704
Duke Energy Corp. (L)   184,000 3,339,600
FirstEnergy Corp.   315,511 11,702,303
Pepco Holdings, Inc.   141,200 2,633,380
Pinnacle West Capital Corp.   20,700 885,753
PPL Corp.   349,300 8,837,290
 
      30,336,030
Independent Power Producers & Energy Traders - 3.48%  
Calpine Corp. (I)(L)   479,000 7,601,730
Constellation Energy Group, Inc.   203,700 6,341,181
GenOn Energy, Inc. (I)   2,672,286 10,181,410
NRG Energy, Inc. (I)   232,300 5,003,742
 
      29,128,063
Multi-Utilities - 1.15%      
NiSource, Inc. (L)   460,600 8,834,308
TECO Energy, Inc.   43,000 806,680
 
      9,640,988
      69,105,081
TOTAL COMMON STOCKS (Cost $581,008,286) $ 779,792,061
PREFERRED SECURITIES - 0.23%      
Financials - 0.14%      
Insurance - 0.14%      
Assured Guaranty, Ltd., 8.500%   18,650 1,165,905
Utilities - 0.09%      
Electric Utilities - 0.09%      
PPL Corp., 9.500%   15,000 798,600
TOTAL PREFERRED SECURITIES (Cost $1,687,510) $ 1,964,505
CONVERTIBLE BONDS - 1.62%      
Financials - 0.19%      
Capital Markets - 0.13%      
Janus Capital Group, Inc.      
3.250%, 07/15/2014 $ 884,000 $ 1,060,800

 

Mid Value Trust (continued)    
  Shares or   
  Principal   
  Amount  Value
CONVERTIBLE BONDS (continued)      
Thrifts & Mortgage Finance - 0.06%      
MGIC Investment Corp.      
5.000%, 05/01/2017 $ 497,000 $ 542,973
 
      1,603,773
Industrials - 0.47%      
Industrial Conglomerates - 0.39%      
Textron, Inc., Series TXT      
4.500%, 05/01/2013   1,517,000 3,246,380
Road & Rail - 0.08%      
Hertz Global Holdings, Inc.      
5.250%, 06/01/2014   319,000 642,785
 
      3,889,165
Materials - 0.35%      
Metals & Mining - 0.35%      
Alcoa, Inc.      
5.250%, 03/15/2014   1,047,000 2,944,688
Telecommunication Services - 0.61%      
Communications Equipment - 0.61%      
Alcatel-Lucent USA, Inc.      
2.875%, 06/15/2025   5,304,000 5,131,620
TOTAL CONVERTIBLE BONDS (Cost $10,084,549)   $ 13,569,246
SECURITIES LENDING COLLATERAL - 23.13%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   19,361,811 193,751,709
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $193,758,466)     $ 193,751,709
SHORT-TERM INVESTMENTS - 5.38%      
Money Market Funds* - 5.38%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0248% $ 1,884,719 $ 1,884,719
T. Rowe Price Prime Reserve Fund, 0.1942% 43,158,706 43,158,706
 
      45,043,425
TOTAL SHORT-TERM INVESTMENTS (Cost $45,043,425) $ 45,043,425
Total Investments (Mid Value Trust)      
(Cost $831,582,236) - 123.43%     $ 1,034,120,946
Other assets and liabilities, net - (23.43%)     (196,276,619)
 
TOTAL NET ASSETS - 100.00%     $ 837,844,327

 

Money Market Trust      
    Shares or  
    Principal  
    Amount Value
 
 
COMMERCIAL PAPER - 44.60%      
Bank of America Corp.      
0.180%, 04/04/2011 $ 38,425,000 $ 38,424,424
Bank of America Corp.      
0.140%, 04/11/2011   70,000,000 69,997,278
Bank of Nova Scotia      
0.160%, 04/06/2011   120,000,000 119,997,528
Bank of Nova Scotia      
0.160%, 04/07/2011   60,000,000 59,998,400
Barclays U.S. Funding LLC      
0.150%, 04/07/2011   40,000,000 39,999,000
Barclays U.S. Funding LLC      
0.100%, 04/04/2011   125,000,000 124,998,958

 

276

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Money Market Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COMMERCIAL PAPER (continued)      
BNP Paribas Finance, Inc.      
0.200%, 04/07/2011 $ 40,000,000 $ 39,998,667
BNP Paribas Finance, Inc.      
0.190%, 04/06/2011   125,000,000 124,996,701
BTM Capital Corp.      
0.350%, 04/12/2011   46,000,000 45,995,081
Cargill Global Funding LLC      
0.180%, 04/05/2011   21,933,000 21,932,561
Deutsche Bank Financial LLC      
0.110%, 04/04/2011   125,000,000 124,998,854
General Electric Capital Corp.      
0.050%, 04/01/2011   100,000,000 100,000,000
General Electric Capital Corp.      
0.130%, 04/11/2011   60,000,000 59,997,833
International Business Machines Corp.      
0.130%, 04/05/2011   32,999,000 32,998,523
JPMorgan Chase & Company      
0.100%, 04/07/2011   100,000,000 99,998,333
Nestle Finance International, Ltd.      
0.160%, 04/14/2011   52,988,000 52,984,938
Nestle Finance International, Ltd.      
0.150%, 04/05/2011   84,372,000 84,370,594
Royal Bank of Canada      
0.170%, 04/14/2011   83,745,000 83,739,859
Societe Generale North America, Inc.      
0.160%, 04/01/2011   45,465,000 45,465,000
Societe Generale North America, Inc.      
0.140%, 04/06/2011   125,000,000 124,997,569
Wal-Mart Stores, Inc.      
0.150%, 04/11/2011   125,000,000 124,994,792
TOTAL COMMERCIAL PAPER (Cost $1,620,884,893) $ 1,620,884,893
 
CORPORATE INTEREST-BEARING      
OBLIGATIONS - 2.53%      
Bank of Montreal      
0.620%, 07/21/2011   42,000,000 42,000,000
Toronto Dominion Bank      
0.350%, 10/28/2011   50,000,000 50,000,000
TOTAL CORPORATE INTEREST-BEARING    
OBLIGATIONS (Cost $92,000,000)     $ 92,000,000
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 53.29%      
U.S. Government - 24.06%      
U.S. Treasury Bill      
0.160%, 05/19/2011 to 06/09/2011   175,000,000 174,957,667
0.163%, 08/18/2011   100,000,000 99,945,462
0.180%, 07/21/2011   75,000,000 74,958,375
0.185%, 05/26/2011   100,000,000 99,971,736
0.190%, 10/20/2011   25,000,000 24,973,347
0.200%, 06/02/2011   100,000,000 99,965,556
0.229%, 06/30/2011   225,000,000 224,894,375
0.240%, 11/17/2011   45,000,000 44,931,000
0.305%, 01/12/2012   30,000,000 29,927,308
U.S. Government Agency - 29.23%      
Bank of America Corp.      
1.130%, 12/02/2011 (J)(P)   35,925,000 36,158,279
Citigroup Funding, Inc.      
0.634%, 04/30/2012 (J)(P)   55,420,000 55,420,000
0.698%, 04/30/2012 (J)(P)   75,000,000 75,000,000
Federal Home Loan Bank      
0.200%, 01/19/2012 (P)   110,000,000 110,000,000
0.450%, 03/06/2012   40,000,000 40,000,000
Federal Home Loan Bank Discount Notes      
0.010%, 04/07/2011 to 04/12/2011   190,300,000 190,299,544

 

Money Market Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal Home Loan Bank Discount      
Notes (continued)      
0.020%, 04/11/2011 $ 64,700,000 $ 64,699,641
0.080%, 04/13/2011   125,000,000 124,996,667
General Electric Capital Corp.      
1.240%, 12/09/2011 (J)(P)   223,315,000 224,853,590
JPMorgan Chase & Company      
1.004%, 12/02/2011 (J)(P)   75,000,000 75,408,789
Morgan Stanley      
1.161%, 12/01/2011 (J)(P)   64,975,000 65,384,509
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $1,936,745,845)   $ 1,936,745,845
Total Investments (Money Market Trust)      
(Cost $3,649,630,738) - 100.42%   $ 3,649,630,738
Other assets and liabilities, net - (0.42%)     (15,321,073)
 
TOTAL NET ASSETS - 100.00%   $ 3,634,309,665

 

Money Market Trust B      
  Shares or   
  Principal   
  Amount  Value
 
COMMERCIAL PAPER - 45.14%      
Bank of America Corp.      
0.160%, 04/01/2011 $ 15,610,000 $ 15,610,000
Bank of Montreal      
0.170%, 04/04/2011   17,000,000 16,999,759
Bank of Nova Scotia      
0.160%, 04/04/2011   25,000,000 24,999,667
Barclays U.S. Funding LLC      
0.150%, 04/01/2011   25,000,000 25,000,000
BNP Paribas Finance, Inc.      
0.200%, 04/07/2011   25,000,000 24,999,167
Cargill Global Funding LLC      
0.180%, 04/08/2011   10,821,000 10,820,621
General Electric Capital Corp.      
0.130%, 04/11/2011   25,000,000 24,999,097
Govco LLC      
0.200%, 04/14/2011   14,825,000 14,823,929
Nestle Finance International, Ltd.      
0.150%, 04/04/2011   25,000,000 24,999,688
Old Line Funding LLC      
0.170%, 04/01/2011   25,000,000 25,000,000
Royal Bank of Canada      
0.170%, 04/14/2011   25,000,000 24,998,465
Societe Generale North America, Inc.      
0.215%, 04/06/2011   25,000,000 24,999,253
Wal-Mart Stores, Inc.      
0.150%, 04/11/2011   11,500,000 11,499,521
TOTAL COMMERCIAL PAPER (Cost $269,749,167) $ 269,749,167
 
CORPORATE INTEREST-BEARING      
OBLIGATIONS - 2.51%      
Bank of Montreal      
0.620%, 07/21/2011   8,000,000 8,000,000
Toronto Dominion Bank      
0.350%, 10/28/2011   7,000,000 7,000,000
TOTAL CORPORATE INTEREST-BEARING    
OBLIGATIONS (Cost $15,000,000)   $ 15,000,000

 

277

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Money Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 52.51%      
U.S. Government - 23.92%      
U.S. Treasury Bill      
0.160%, 06/09/2011 $ 10,000,000 $ 9,996,933
0.163%, 08/18/2011   17,000,000 16,990,482
0.165%, 05/05/2011   8,000,000 7,998,678
0.180%, 05/19/2011 to 07/21/2011   30,000,000 29,988,475
0.185%, 05/26/2011   15,000,000 14,995,760
0.190%, 10/20/2011   3,000,000 2,996,802
0.229%, 06/30/2011   45,000,000 44,978,813
0.305%, 01/12/2012   15,000,000 14,963,654
U.S. Government Agency - 28.59%      
Bank of America Corp.      
1.130%, 12/02/2011 (J)(P)   6,075,000 6,114,449
Citigroup Funding, Inc.      
0.698%, 04/30/2012 (J)(P)   15,000,000 15,000,000
Federal Home Loan Bank      
0.200%, 01/19/2012 (P)   20,000,000 20,000,000
0.450%, 03/06/2012   5,000,000 5,000,000
Federal Home Loan Bank Discount Notes      
0.075%, 04/08/2011   25,000,000 24,999,635
0.086%, 04/15/2011   25,000,000 24,999,164
General Electric Capital Corp.      
1.240%, 12/09/2011 (J)(P)   50,015,000 50,356,789
JPMorgan Chase & Company      
1.004%, 12/02/2011 (J)(P)   10,000,000 10,054,505
Morgan Stanley      
1.161%, 12/01/2011 (J)(P)   14,220,000 14,308,874
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $313,743,013)   $ 313,743,013
Total Investments (Money Market Trust B)    
(Cost $598,492,180) - 100.16%   $ 598,492,180
Other assets and liabilities, net - (0.16%)     (974,112)
TOTAL NET ASSETS - 100.00%   $ 597,518,068

 

Mutual Shares Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 90.44%    
Australia - 0.00%    
Prime AET&D Holdings No 1 Pty, Ltd. 534,996 $ 11,067
Canada - 0.56%    
Domtar Corp. 40,597 3,725,993
Denmark - 1.27%    
A P Moller Maersk A/S, Series A (L) 852 8,013,934
Carlsberg A/S 4,355 469,011
 
    8,482,945
France - 3.63%    
Alstom SA 68,814 4,070,301
Carrefour SA 67,334 2,984,515
GDF Suez 116,226 4,742,283
Pernod-Ricard SA 92,681 8,666,972
Total SA 61,110 3,720,169
 
    24,184,240
Germany - 4.50%    
Daimler AG (L) 60,108 4,241,755
Deutsche Boerse AG 49,207 3,733,795
E.ON AG 224,321 6,854,094

 

Mutual Shares Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
Linde AG 52,777 $ 8,335,929
ThyssenKrupp AG 165,004 6,764,119
 
    29,929,692
Hong Kong - 0.13%    
The Link REIT 282,457 886,506
Italy - 0.26%    
Intesa Sanpaolo SpA 594,624 1,760,634
Japan - 1.08%    
Japan Tobacco, Inc. 975 3,489,454
Nintendo Company, Ltd. 13,665 3,691,423
 
    7,180,877
Netherlands - 2.52%    
Koninklijke Philips Electronics NV (L) 108,520 3,466,177
Royal Dutch Shell PLC 263,869 9,590,076
TNT NV 144,924 3,722,992
 
    16,779,245
Norway - 0.93%    
Orkla ASA 634,464 6,156,089
Spain - 1.29%    
Telefonica SA 341,542 8,551,095
Switzerland - 5.64%    
Alcon, Inc. 28,087 4,648,679
Nestle SA 182,807 10,489,416
TE Connectivity, Ltd. 128,830 4,485,861
Transocean, Ltd. (I) 119,670 9,328,277
UBS AG (Swiss Exchange) (I) 252,743 4,536,685
Zurich Financial Services AG (I) 14,369 4,023,006
 
    37,511,924
United Kingdom - 8.51%    
Barclays PLC 1,263,744 5,669,221
BP PLC 392,820 2,860,933
British American Tobacco PLC 380,990 15,310,323
British Sky Broadcasting Group PLC 442,304 5,854,514
Cable & Wireless Communications PLC 2,440,931 1,786,435
Cable & Wireless Worldwide 798,033 671,338
Canary Wharf Group PLC (I) 555,649 2,516,119
Imperial Tobacco Group PLC (I) 345,810 10,698,291
Thomas Cook Group PLC 195,669 535,053
Vodafone Group PLC 3,786,598 10,721,417
 
    56,623,644
United States - 60.12%    
ACE, Ltd. 106,212 6,871,916
Alexander’s, Inc. (L) 13,593 5,531,671
Alleghany Corp. (I)(L) 8,905 2,947,245
Altria Group, Inc. (L) 435,103 11,325,731
Amgen, Inc. (I) 113,231 6,052,197
Bank of America Corp. 504,892 6,730,210
Bond Street Holdings LLC, Class A (I)(S) 58,532 1,170,640
Boston Scientific Corp. (I)(L) 543,114 3,904,990
Brookfield Infrastructure Partners LP (L) 128,399 2,853,026
Brown Forman Corp., Class B (L) 526 35,926
Cephalon, Inc. (I) 26,440 2,003,623
Cerberus Investors I LLC 432,150 352,203
Cerberus Investors II LLC 432,143 352,197
Cerberus Investors III LLC 216,101 176,122
Cisco Systems, Inc. 278,790 4,781,249
CNO Financial Group, Inc. (I) 140,706 1,056,702
Coca-Cola Enterprises, Inc. 135,677 3,703,982
Comcast Corp., Special Class A 67,800 1,574,316
Community Health Systems, Inc. (I)(L) 58,797 2,351,292

 

278

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mutual Shares Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United States (continued)    
Coventry Health Care, Inc. (I) 67,815 $ 2,162,620
CVS Caremark Corp. 555,525 19,065,618
Dr. Pepper Snapple Group, Inc. 156,953 5,832,372
Eli Lilly & Company 283,618 9,974,845
Entergy Corp. 35,773 2,404,303
Exelon Corp. (L) 125,695 5,183,662
Exterran Holdings, Inc. (I)(L) 63,948 1,517,486
Federal Signal Corp. (L) 140,014 911,491
Forestar Group, Inc. (I)(L) 66,554 1,265,857
GenCorp, Inc. (I)(L) 92,209 551,410
General Mills, Inc. 138,531 5,063,308
General Motors Company (I) 95,070 2,950,022
Genzyme Corp. (I) 90,996 6,929,345
Guaranty Bancorp (I) 21,927 28,286
Hewlett-Packard Company 178,485 7,312,530
Huntington Ingalls Industries, Inc. (I) 13,700 568,550
International Paper Company 273,893 8,266,091
Kraft Foods, Inc., Class A 447,809 14,043,290
Lorillard, Inc. 44,546 4,232,315
LSI Corp. (I) 944,037 6,419,452
Marathon Oil Corp. 274,201 14,617,655
Mattel, Inc. 191,955 4,785,438
Maxim Integrated Products, Inc. 13,906 355,994
MeadWestvaco Corp. 108,391 3,287,499
Medtronic, Inc. 188,995 7,436,953
Merck & Company, Inc. 304,050 10,036,691
MetLife, Inc. 34,400 1,538,712
Microsoft Corp. 482,186 12,228,237
Morgan Stanley 254,172 6,943,979
Motorola Solutions, Inc. (I) 94,595 4,227,451
News Corp., Class A 521,356 9,155,011
Noble Energy, Inc. 11,614 1,122,493
NRG Energy, Inc. (I) 210,119 4,525,963
NYSE Euronext 35,365 1,243,787
Old Republic International Corp. (L) 276,014 3,502,618
Owens Corning (I) 145,035 5,219,810
PepsiCo, Inc. 67,542 4,350,380
Pfizer, Inc. 581,665 11,813,616
Philip Morris International, Inc. 69,721 4,575,789
PNC Financial Services Group, Inc. 119,044 7,498,582
Pride International, Inc. (I) 92,964 3,992,804
Reynolds American, Inc. (L) 165,510 5,880,570
Stanley Black & Decker, Inc. 52,807 4,045,016
Symantec Corp. (I) 190,390 3,529,831
Tenet Healthcare Corp. (I) 1,109,444 8,265,358
The Kroger Company 330,724 7,927,454
The Williams Companies, Inc. 96,206 2,999,703
Time Warner Cable, Inc. 93,816 6,692,833
Time Warner, Inc. 211,619 7,554,798
UnitedHealth Group, Inc. 336,925 15,229,010
Viacom, Inc., Class B 21,500 1,000,180
Virgin Media, Inc. (L) 132,112 3,671,392
Wal-Mart Stores, Inc. 64,954 3,380,856
Wells Fargo & Company 293,610 9,307,437
Weyerhaeuser Company (L) 335,635 8,256,621
White Mountains Insurance Group, Ltd. (L) 20,381 7,422,760
Xerox Corp. 1,076,394 11,463,596
Zimmer Holdings, Inc. (I) 41,738 2,526,401
 
    400,071,369
TOTAL COMMON STOCKS (Cost $525,579,565) $ 601,855,320

 

Mutual Shares Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS - 0.42%      
Canada - 0.11%      
OPTI Canada, Inc.      
9.000%, 12/15/2012 (S) $ 354,000 $ 359,753
9.750%, 08/15/2013 (S)   381,000 381,953
 
      741,706
United States - 0.31%      
Cerberus Investors I LLC      
12.000%, 07/31/2014   337,200 274,818
Cerberus Investors II LLC      
12.000%, 07/31/2014   337,200 274,818
Cerberus Investors III LLC      
12.000%, 07/31/2014   168,600 137,409
Northwest Airlines, Inc., Escrow Certificates    
01/16/2017 (I)   170,000 0
Realogy Corp.      
7.875%, 02/15/2019 (S)   849,000 842,633
Realogy Corp. Extended Revolver TL      
3.510%, 04/10/2016   604,143 531,645
Tropicana Entertainment LLC      
9.625%, 12/15/2014 (H)   1,180,000 0
 
      2,061,323
TOTAL CORPORATE BONDS (Cost $3,843,294) $ 2,803,029
 
TERM LOANS (M) - 2.10%      
United States - 2.10%      
Boston Generating LLC      
3.637%, 12/21/2013   737 435
6.012%, 12/21/2013   44,920 26,503
3.637%, 12/21/2013   5,169 3,050
CIT Group, Inc.      
6.250%, 08/11/2015   1,363,157 1,379,466
Clear Channel Communications, Inc.      
3.896%, 01/28/2016   503,221 438,432
Realogy Corp.      
0.185%, 10/10/2013   545,632 515,622
13.500%, 10/15/2017   219,000 237,068
5.250%, 10/10/2016   5,849,214 5,527,507
Smurfit-Stone Container Enterprises, Inc.      
6.750%, 02/22/2016   561,261 562,313
Texas Competitive Electric      
Holdings Company LLC      
3.759%, 10/10/2014   321,667 270,717
3.759%, 10/10/2014   1,043,747 876,748
3.759%, 10/10/2014   2,004,861 1,687,305
3.759%, 10/10/2014   2,959,078 2,466,391
 
      13,991,557
TOTAL TERM LOANS (Cost $13,199,437)   $ 13,991,557
 
SECURITIES LENDING COLLATERAL - 7.14%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   4,749,655 47,529,319
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $47,530,416)   $ 47,529,319
 
SHORT-TERM INVESTMENTS - 7.23%      
U.S. Government & Agency      
Obligations* - 7.06%      
Federal Home Loan Bank Discount Notes,      
0.0011%, 04/01/2011 $ 10,000,000 $ 10,000,000
U.S. Treasury Bill      
0.148%, 08/04/2011   3,000,000 2,998,833
0.183%, 06/23/2011   3,000,000 2,999,397
0.180%, 05/19/2011   5,000,000 4,999,665

 

279

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Mutual Shares Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS (continued)    
U.S. Government & Agency      
Obligations* (continued)      
U.S. Treasury Bill (continued)      
0.165%, 05/26/2011 $ 3,000,000 $ 2,999,748
0.125%, 08/25/2011   5,000,000 4,997,120
0.140%, 04/28/2011   5,000,000 4,999,805
0.190%, 06/16/2011   5,000,000 4,999,185
0.150%, 04/14/2011   3,000,000 2,999,958
0.175%, 07/07/2011   5,000,000 4,998,625
 
      46,992,336
Repurchase Agreement - 0.17%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be      
repurchased at $1,113,000 on 04/01/2011,    
collateralized by $1,025,000 Federal Home    
Loan Bank, 4.875% due 11/27/2013 (valued    
at $1,137,750 including interest)   1,113,000 1,113,000
TOTAL SHORT-TERM INVESTMENTS (Cost $48,100,711) $ 48,105,336
Total Investments (Mutual Shares Trust)      
(Cost $638,253,423) - 107.33%     $ 714,284,561
Other assets and liabilities, net - (7.33%)     (48,799,122)
TOTAL NET ASSETS - 100.00%     $ 665,485,439

 

Natural Resources Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 96.07%    
Energy - 61.31%    
Energy Equipment & Services - 2.28%    
Tidewater, Inc. 49,200 $ 2,944,620
Transocean, Ltd. (I) 56,000 4,365,200
 
    7,309,820
Oil, Gas & Consumable Fuels - 59.03%    
BG Group PLC 533,490 13,253,059
BP PLC, SADR 194,573 8,588,452
Bumi Resources Tbk PT 12,526,000 4,809,283
Cameco Corp. (Toronto Stock Exchange) (L) 134,828 4,050,233
Canadian Natural Resources, Ltd. 197,339 9,758,052
Chesapeake Energy Corp. (L) 280,536 9,403,567
China Shenhua Energy Company, Ltd. 727,500 3,425,716
CONSOL Energy, Inc. 155,362 8,332,064
Encana Corp. 177,908 6,152,919
ENI SpA, SADR (L) 242,900 11,933,677
EOG Resources, Inc. 112,948 13,385,467
Exxon Mobil Corp. 110,172 9,268,770
Gazprom OAO, SADR 11,947 386,366
Gazprom OAO, SADR (London Exchange) 199,255 6,457,689
Imperial Oil, Ltd. 162,300 8,288,661
Oil Search, Ltd. 612,490 4,507,324
PetroChina Company, Ltd., ADR (L) 26,096 3,973,116
Petroleo Brasileiro SA, ADR 217,904 8,809,859
Pioneer Natural Resources Company 31,500 3,210,480
Reliance Industries, Ltd. 166,067 3,904,190
Reliance Industries, Ltd., GDR 19,504 924,880
Reliance Industries, Ltd., GDR    
(London Exchange) (S) 69,668 3,300,696
Rosneft Oil Company, GDR (I) 16,465 150,596

 

Natural Resources Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Rosneft Oil Company, GDR    
(London Exchange) 320,249 $ 2,918,866
Sasol, Ltd. 78,200 4,531,690
Southwestern Energy Company (I) 203,900 8,761,583
StatoilHydro ASA, SADR (L) 321,500 8,886,260
Suncor Energy, Inc. 167,856 7,527,982
Tesoro Corp. (I)(L) 122,700 3,292,041
Ultra Petroleum Corp. (I)(L) 145,100 7,146,175
 
    189,339,713
 
    196,649,533
Industrials - 1.01%    
Industrial Conglomerates - 1.01%    
Beijing Enterprises Holdings, Ltd. 566,500 3,245,563
Materials - 33.75%    
Chemicals - 1.37%    
Sumitomo Chemical Company, Ltd. 883,000 4,405,446
Construction Materials - 1.57%    
CRH PLC (London Exchange) 218,514 5,014,916
Metals & Mining - 30.81%    
Alumina, Ltd. 2,781,372 7,083,804
Anglo American PLC 207,574 10,672,775
Anglo Platinum, Ltd. 75,282 7,743,863
AngloGold Ashanti, Ltd. (L) 70,465 3,378,797
ArcelorMittal (L) 162,000 5,856,300
BHP Billiton PLC 184,593 7,317,277
Compania de Minas Buenaventura SA, ADR 95,400 4,099,338
First Quantum Minerals, Ltd. 52,000 6,727,014
Gold Fields, Ltd. 170,074 2,971,833
Kazakhmys PLC 177,301 3,974,261
Kinross Gold Corp. 499,100 7,860,825
Lundin Mining Corp. (I) 638,500 5,301,625
Mongolian Mining Corp. (I) 3,295,500 4,204,943
Sumitomo Metal Industries, Ltd. 2,150,000 4,807,646
Vale SA 238,205 7,031,812
Vedanta Resources PLC 256,354 9,777,560
 
    98,809,673
 
    108,230,035
TOTAL COMMON STOCKS (Cost $254,503,393) $ 308,125,131
 
WARRANTS - 1.18%    
NMDC, Ltd. (Expiration date: 03-25-15, Strike    
Price: INR 0.00001) (I) 591,938 3,776,986
TOTAL WARRANTS (Cost $3,917,410) $ 3,776,986
 
SECURITIES LENDING COLLATERAL - 9.25%  
John Hancock Collateral    
Investment Trust, 0.2867% (W)(Y) 2,966,698 29,687,449
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $29,687,896) $ 29,687,449

 

280

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Natural Resources Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS - 2.21%    
Repurchase Agreement - 2.21%      
Bank of New York Tri-Party Repurchase      
Agreement dated 03/31/2011 at 0.150% to    
be repurchased at $7,100,030 on      
04/01/2011, collateralized by $7,207,481      
Federal National Mortgage Association,      
6.500% due 08/01/2036 (valued at      
$7,242,000, including interest) $ 7,100,000 $ 7,100,000
TOTAL SHORT-TERM INVESTMENTS (Cost $7,100,000) $ 7,100,000
Total Investments (Natural Resources Trust)    
(Cost $295,208,699) - 108.71%     $ 348,689,566
Other assets and liabilities, net - (8.71%)     (27,947,626)
TOTAL NET ASSETS - 100.00%     $ 320,741,940

 

New Income Trust      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 52.88%      
U.S. Government - 14.20%      
U.S. Treasury Bonds      
4.625%, 02/15/2040 $ 70,490,000 $ 71,822,684
6.750%, 08/15/2026   15,665,000 20,459,963
U.S. Treasury Notes      
1.000%, 08/31/2011   84,000,000 84,288,792
1.250%, 03/15/2014 (L)   45,335,000 45,278,331
1.750%, 08/15/2012 (F)   131,795,000 134,019,041
2.250%, 05/31/2014   41,600,000 42,724,490
2.625%, 08/15/2020 (L)   24,815,000 23,246,618
U.S. Treasury Strips, PO      
05/15/2021   220,000 149,876
 
      421,989,795
U.S. Government Agency - 38.68%      
Federal Home Loan Bank      
4.500%, 11/15/2012   825,000 874,001
5.250%, 06/18/2014   510,000 568,322
Federal Home Loan Mortgage Corp.      
2.498%, 01/01/2036 (P)   166,791 174,982
2.507%, 02/01/2035 (P)   96,462 101,079
2.702%, 07/01/2035 (P)   30,498 31,941
2.710%, 07/01/2035 (P)   56,496 59,172
2.940%, 09/01/2032 (P)   3,646 3,829
4.000%, 09/01/2040 to 12/01/2040   28,439,106 27,916,492
4.500%, 11/01/2018 to 12/01/2040   75,216,788 76,456,660
4.622%, 06/01/2038 (P)   120,237 126,534
4.708%, 07/01/2038 (P)   185,286 194,564
4.985%, 11/01/2035 (P)   87,305 91,823
5.000%, 10/01/2018 to 08/01/2040   40,207,909 41,962,868
5.050%, 03/01/2036 (P)   200,911 211,489
5.077%, 09/01/2035 (P)   80,729 85,009
5.125%, 07/15/2012   2,180,000 2,311,001
5.179%, 02/01/2037 (P)   149,042 158,171
5.352%, 04/01/2037 (P)   241,531 256,325
5.371%, 05/01/2037 (P)   82,255 87,293
5.383%, 06/01/2037 (P)   364,739 385,845
5.388%, 02/01/2038 (P)   246,028 259,751
5.391%, 01/01/2036 (P)   5,500 5,819
5.429%, 02/01/2037 (P)   345,671 366,844
5.500%, 03/01/2018 to 10/01/2038   3,899,199 4,160,570

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal Home Loan Mortgage Corp. (continued)    
5.520%, 10/01/2036 (P) $ 279,483 $ 290,806
5.777%, 02/01/2037 (P)   59,176 62,800
5.923%, 12/01/2036 (P)   241,262 256,612
5.990%, 10/01/2036 (P)   292,023 312,373
6.000%, 06/15/2011 to 08/01/2038   3,384,757 3,593,998
6.002%, 11/01/2036 (P)   174,810 185,994
6.016%, 01/01/2037 (P)   70,510 74,729
6.087%, 10/01/2036 (P)   223,565 239,145
6.226%, 08/01/2036 (P)   236,724 252,930
6.500%, 05/01/2017 to 03/01/2037   908,499 1,017,893
7.000%, 02/01/2024 to 06/01/2032   20,732 23,587
7.500%, 05/01/2024 to 06/01/2024   2,484 2,785
10.500%, 05/01/2019   116 135
Federal National Mortgage Association      
1.912%, 10/01/2033 (P)   57,064 58,476
2.565%, 11/01/2035 (P)   89,178 93,107
2.610%, 07/01/2035 (P)   47,570 49,610
2.883%, 07/01/2027 (P)   887 913
3.500%, 11/01/2025   13,836,102 13,875,039
3.875%, 07/12/2013   2,155,000 2,293,534
4.000%, 06/01/2025 to 12/01/2040   82,848,137 83,087,867
4.375%, 09/15/2012 to 10/15/2015   1,185,000 1,278,346
4.500%, 05/01/2019 to 04/01/2041   281,519,529 287,487,808
4.625%, 10/15/2014   660,000 725,456
4.715%, 09/01/2035 (P)   286,591 302,330
4.808%, 05/01/2038 (P)   112,989 119,208
4.827%, 05/01/2038 (P)   276,911 292,421
4.836%, 04/01/2038 (P)   114,306 120,550
4.875%, 12/15/2016   350,000 389,203
4.880%, 05/01/2038 (P)   302,274 319,913
4.911%, 07/01/2036 (P)   356,512 371,051
4.918%, 08/01/2038 (P)   153,844 162,096
5.000%, 03/01/2018 to 10/01/2040   141,883,608 149,128,547
5.287%, 12/01/2035 (P)   77,724 82,429
5.293%, 12/01/2035 (P)   15,936 16,895
5.414%, 09/01/2037 (P)   73,580 77,811
5.430%, 06/01/2037 (P)   104,486 110,886
5.446%, 12/01/2035 (P)   16,716 17,658
5.459%, 12/01/2035 (P)   24,551 25,887
5.469%, 01/01/2019 (P)   649 685
5.498%, 01/01/2037 (P)   104,989 110,853
5.500%, 07/01/2013 to 05/01/2040   191,494,869 205,255,159
5.755%, 08/01/2037 (P)   102,903 109,206
5.877%, 12/01/2036 (P)   144,413 153,259
6.000%, 05/15/2011 to 04/01/2040   106,685,460 116,070,640
6.001%, 09/01/2036 (P)   143,795 153,816
6.035%, 08/01/2036 (P)   213,366 222,465
6.500%, 06/01/2013 to 01/01/2039   19,308,013 21,618,127
7.000%, 12/01/2029 to 04/01/2037   59,050 67,132
Government National      
Mortgage Association      
3.612%, 11/16/2027   686,393 695,668
4.000%, 02/15/2041   893,567 893,786
4.500%, 01/15/2019 to 11/20/2040   33,666,002 34,700,023
5.000%, 01/15/2019 to 06/15/2040   14,637,249 15,562,763
5.500%, 02/15/2029 to 12/20/2039   21,716,500 23,586,151
6.000%, 11/15/2012 to 07/20/2039   17,963,880 19,725,919
6.500%, 12/15/2014 to 09/15/2038   4,727,535 5,319,113
7.000%, 04/15/2017 to 10/20/2036   1,579,713 1,797,519
9.250%, 10/15/2016 to 12/15/2019   3,535 4,023
9.750%, 07/15/2017 to 02/15/2021   3,271 3,790
10.250%, 11/15/2020   1,749 2,084
11.750%, 08/15/2013   671 740

 

281

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Government National Mortgage      
Association (continued)      
12.000%, 12/15/2012 $ 63 $ 68
12.250%, 03/15/2014 to 06/20/2015   674 778
12.750%, 12/20/2013 to 11/20/2014   778 896
 
      1,149,705,875
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $1,570,972,814)   $ 1,571,695,670
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 4.26%      
Bermuda - 0.04%      
Government of Bermuda      
5.603%, 07/20/2020 (S)   1,000,000 1,057,500
Brazil - 0.80%      
Federative Republic of Brazil      
4.875%, 01/22/2021   1,000,000 1,020,000
5.625%, 01/07/2041   3,450,000 3,389,625
6.000%, 05/15/2015 to 05/15/2017 BRL 12,866,000 16,016,180
10.000%, 01/01/2017 to 01/01/2021   5,833,000 3,188,980
 
      23,614,785
Canada - 0.91%      
Government of Canada      
3.500%, 06/01/2020 CAD 18,865,000 19,715,336
Province of Ontario      
5.450%, 04/27/2016 $ 6,600,000 7,453,103
 
      27,168,439
Chile - 0.06%      
Republic of Chile      
3.875%, 08/05/2020   1,820,000 1,772,225
Germany - 0.84%      
Federal Republic of Germany      
2.000%, 02/26/2016 EUR 9,185,000 12,620,480
2.500%, 01/04/2021   9,435,000 12,430,340
 
      25,050,820
Lithuania - 0.08%      
Republic of Lithuania      
6.750%, 01/15/2015 (S) $ 2,055,000 2,234,634
Mexico - 0.84%      
Government of Mexico      
5.625%, 01/15/2017   4,100,000 4,522,300
8.500%, 12/13/2018 to 11/18/2038 MXN 233,735,000 20,508,993
 
      25,031,293
Poland - 0.07%      
Republic of Poland      
3.875%, 07/16/2015 $ 2,190,000 2,211,002
South Africa - 0.52%      
Republic of South Africa      
5.500%, 03/09/2020   3,715,000 3,931,751
6.500%, 06/02/2014   1,360,000 1,519,800
6.750%, 03/31/2021 ZAR 76,435,000 9,861,098
 
      15,312,649
Sweden - 0.09%      
Svensk Exportkredit AB      
5.125%, 03/01/2017 $ 2,420,000 2,672,912

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
United Arab Emirates - 0.01%      
Mubadala Development Company      
5.750%, 05/06/2014 (S) $ 350,000 $ 378,986
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $123,700,675)   $ 126,505,245
 
CORPORATE BONDS - 27.62%      
Consumer Discretionary - 2.18%      
ACE Hardware Corp.      
9.125%, 06/01/2016 (S)   1,175,000 1,264,594
Advance Auto Parts, Inc.      
5.750%, 05/01/2020   1,485,000 1,552,152
Banque PSA Finance      
4.375%, 04/04/2016 (S)   4,000,000 3,976,072
British Sky Broadcasting Group PLC      
6.100%, 02/15/2018 (S)   3,390,000 3,766,032
9.500%, 11/15/2018 (S)   590,000 777,397
Comcast Cable Communications      
Holdings, Inc.      
8.375%, 03/15/2013   157,000 176,822
Comcast Corp.      
5.700%, 05/15/2018   2,115,000 2,300,056
COX Communications, Inc.      
6.250%, 06/01/2018 (S)   1,600,000 1,781,086
8.375%, 03/01/2039 (S)   2,615,000 3,319,355
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
3.550%, 03/15/2015   2,015,000 2,056,666
5.875%, 10/01/2019   1,815,000 1,960,222
Discovery Communications LLC      
5.625%, 08/15/2019   1,325,000 1,432,631
Education Management LLC/Education      
Management Finance Corp.      
10.250%, 06/01/2016   56,000 58,520
Grupo Televisa SA      
6.625%, 01/15/2040   1,865,000 1,975,238
Historic TW, Inc.      
6.875%, 06/15/2018   4,270,000 4,903,993
Home Depot, Inc.      
5.400%, 03/01/2016   5,040,000 5,563,616
Hyatt Hotels Corp.      
5.750%, 08/15/2015 (S)   4,020,000 4,155,627
Lennar Corp.      
5.600%, 05/31/2015   65,000 64,025
Lowe’s Companies, Inc.      
2.125%, 04/15/2016   2,170,000 2,113,929
MDC Holdings, Inc.      
5.375%, 12/15/2014   55,000 57,864
5.625%, 02/01/2020   1,560,000 1,539,096
News America, Inc.      
6.150%, 03/01/2037   3,620,000 3,586,964
6.400%, 12/15/2035   1,795,000 1,846,784
7.850%, 03/01/2039   190,000 224,464
Nielsen Finance LLC/Nielsen Finance      
Company      
11.500%, 05/01/2016   146,000 171,915
Nordstrom, Inc.      
6.750%, 06/01/2014   100,000 114,170
O’Reilly Automotive, Inc.      
4.875%, 01/14/2021   2,945,000 2,908,435
Omnicom Group, Inc.      
4.450%, 08/15/2020   575,000 565,466
6.250%, 07/15/2019   4,190,000 4,676,400

 

282

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Pulte Homes, Inc.      
5.200%, 02/15/2015 $ 75,000 $ 74,438
QVC, Inc.      
7.500%, 10/01/2019 (S)   400,000 420,000
Speedway Motorsports, Inc.      
8.750%, 06/01/2016   200,000 219,250
TCM Sub LLC      
3.550%, 01/15/2015 (S)   2,865,000 2,897,260
Time Warner Cable, Inc.      
7.500%, 04/01/2014   720,000 824,556
8.250%, 02/14/2014   690,000 801,602
Unitymedia Hessen GmbH & Company      
KG/Unitymedia NRW GmbH      
8.125%, 12/01/2017 (S)   500,000 526,250
Whirlpool Corp.      
6.125%, 06/15/2011   135,000 136,393
 
      64,789,340
Consumer Staples - 1.50%      
Altria Group, Inc.      
4.125%, 09/11/2015   5,590,000 5,802,040
8.500%, 11/10/2013   3,615,000 4,212,838
9.250%, 08/06/2019   1,280,000 1,668,433
Anheuser-Busch InBev Worldwide, Inc.      
5.375%, 11/15/2014 to 01/15/2020   4,445,000 4,782,391
Bunge Ltd. Finance Corp.      
4.100%, 03/15/2016   1,405,000 1,406,000
8.500%, 06/15/2019   1,365,000 1,618,916
Bunge NA Finance LP      
5.900%, 04/01/2017   870,000 922,486
Coca-Cola Bottling Company      
5.000%, 11/15/2012   590,000 623,934
Coca-Cola Femsa SAB de CV      
4.625%, 02/15/2020   1,850,000 1,870,698
Delhaize Group SA      
6.500%, 06/15/2017   2,045,000 2,297,525
Grupo Bimbo SAB de CV      
4.875%, 06/30/2020 (S)   2,485,000 2,487,567
Kraft Foods, Inc.      
6.500%, 02/09/2040   4,475,000 4,779,685
McCormick & Company, Inc.      
5.800%, 07/15/2011   120,000 121,939
Philip Morris International, Inc.      
4.500%, 03/26/2020   4,000,000 4,103,972
Reynolds American, Inc.      
7.250%, 06/01/2013   1,240,000 1,386,181
The Coca-Cola Company      
1.500%, 11/15/2015   5,190,000 4,958,671
The Kroger Company      
5.400%, 07/15/2040   1,715,000 1,609,577
 
      44,652,853
Energy - 3.32%      
Apache Corp.      
5.100%, 09/01/2040   4,490,000 4,173,976
Boardwalk Pipelines LP      
5.750%, 09/15/2019   415,000 440,911
BP Capital Markets PLC      
3.125%, 10/01/2015   2,800,000 2,810,973
Buckeye Partners LP      
5.500%, 08/15/2019   2,465,000 2,553,331
Canadian Natural Resources, Ltd.      
5.150%, 02/01/2013   275,000 292,857
6.250%, 03/15/2038   475,000 511,144
6.450%, 06/30/2033   65,000 69,776

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy (continued)      
Chesapeake Energy Corp.      
9.500%, 02/15/2015 $ 1,000,000 $ 1,240,000
Colorado Interstate Gas Company      
5.950%, 03/15/2015   125,000 137,592
Complete Production Services, Inc.      
8.000%, 12/15/2016   1,450,000 1,529,750
Concho Resources, Inc.      
8.625%, 10/01/2017   500,000 552,500
DCP Midstream LLC      
9.700%, 12/01/2013 (S)   740,000 870,957
Diamond Offshore Drilling, Inc.      
4.875%, 07/01/2015   220,000 236,204
5.150%, 09/01/2014   375,000 406,164
5.700%, 10/15/2039   1,880,000 1,856,472
5.875%, 05/01/2019   200,000 219,285
El Paso Natural Gas Company      
5.950%, 04/15/2017   98,000 107,704
Enbridge Energy Partners LP      
5.200%, 03/15/2020   465,000 482,838
5.500%, 09/15/2040   1,645,000 1,533,181
Ensco PLC      
3.250%, 03/15/2016   4,465,000 4,442,738
Enterprise Products Operating LLC      
3.200%, 02/01/2016   4,530,000 4,493,778
5.950%, 02/01/2041   1,250,000 1,215,825
7.550%, 04/15/2038   520,000 609,937
EOG Resources, Inc.      
2.500%, 02/01/2016   3,755,000 3,661,305
5.875%, 09/15/2017   500,000 558,496
Gazprom Via Gaz Capital SA      
7.288%, 08/16/2037   140,000 151,200
8.625%, 04/28/2034   2,365,000 2,917,228
Hess Corp.      
6.000%, 01/15/2040   2,325,000 2,350,305
7.875%, 10/01/2029   1,724,000 2,128,699
8.125%, 02/15/2019   290,000 363,584
Inergy LP/Inergy Finance Corp.      
7.000%, 10/01/2018 (S)   1,775,000 1,846,000
Kinder Morgan Finance Company      
5.700%, 01/05/2016   440,000 461,450
Kinder Morgan, Inc.      
6.500%, 09/01/2012   139,000 147,340
Magellan Midstream Partners LP      
6.550%, 07/15/2019   355,000 404,275
Marathon Oil Corp.      
5.900%, 03/15/2018   580,000 650,558
6.600%, 10/01/2037   3,330,000 3,654,642
Nabors Industries, Inc.      
9.250%, 01/15/2019   2,170,000 2,731,889
National Gas Company of Trinidad &      
Tobago, Ltd.      
6.050%, 01/15/2036 (S)   100,000 93,391
Noble Energy, Inc.      
6.000%, 03/01/2041   2,665,000 2,674,423
Noble Holding International, Ltd.      
6.050%, 03/01/2041   1,430,000 1,421,291
NuStar Logistics LP      
4.800%, 09/01/2020   2,290,000 2,249,128
7.650%, 04/15/2018   185,000 215,634
Oneok Partners LP      
3.250%, 02/01/2016   2,085,000 2,072,050
Pemex Project Funding Master Trust      
5.750%, 03/01/2018   2,645,000 2,795,855
6.625%, 06/15/2035   2,340,000 2,345,597

 

283

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy (continued)      
Petrobras International Finance Company      
5.750%, 01/20/2020 $ 1,805,000 $ 1,860,053
5.875%, 03/01/2018   2,680,000 2,836,209
7.875%, 03/15/2019   2,366,000 2,775,190
Petroleos Mexicanos      
5.500%, 01/21/2021   985,000 999,775
8.000%, 05/03/2019   200,000 240,200
Plains All American Pipeline LP      
4.250%, 09/01/2012   295,000 306,078
Plains All American      
Pipeline LP/PAA Finance Corp.      
5.750%, 01/15/2020   765,000 817,628
6.500%, 05/01/2018   1,315,000 1,475,750
Reliance Holdings USA, Inc.      
4.500%, 10/19/2020 (S)   1,690,000 1,589,751
Rowan Companies, Inc.      
5.000%, 09/01/2017   2,495,000 2,578,111
7.875%, 08/01/2019   360,000 426,486
SeaRiver Maritime, Inc.      
zero coupon, 09/01/2012   475,000 459,515
Southeast Supply Header LLC      
4.850%, 08/15/2014 (S)   440,000 459,333
Southern Natural Gas Company      
5.900%, 04/01/2017 (S)   98,000 108,875
Swift Energy Company      
8.875%, 01/15/2020   250,000 273,125
Talisman Energy, Inc.      
3.750%, 02/01/2021   4,370,000 4,059,206
Texas Gas Transmission LLC      
5.500%, 04/01/2013 (S)   561,000 597,040
Valero Energy Corp.      
6.125%, 06/15/2017   520,000 574,310
9.375%, 03/15/2019   150,000 191,512
Weatherford International, Ltd.      
6.750%, 09/15/2040   2,095,000 2,171,648
9.625%, 03/01/2019   2,035,000 2,588,583
Williams Partners LP      
4.125%, 11/15/2020   2,275,000 2,162,829
6.300%, 04/15/2040   2,365,000 2,453,950
 
      98,687,390
Financials - 12.12%      
Aflac, Inc.      
8.500%, 05/15/2019   3,565,000 4,304,392
AMB Property LP      
4.500%, 08/15/2017   2,665,000 2,686,584
6.625%, 12/01/2019   1,825,000 2,012,683
Ameriprise Financial, Inc.      
7.300%, 06/28/2019   1,170,000 1,395,836
Bank of America Corp.      
5.650%, 05/01/2018   16,235,000 16,938,170
5.750%, 08/15/2016   205,000 216,065
6.500%, 08/01/2016   875,000 966,839
7.375%, 05/15/2014   4,400,000 4,964,832
Bank One Corp.      
5.250%, 01/30/2013   180,000 190,743
Barclays Bank PLC      
5.125%, 01/08/2020   3,205,000 3,255,895
5.200%, 07/10/2014   1,285,000 1,387,556
6.750%, 05/22/2019   380,000 428,631
Berkshire Hathaway Finance Corp.      
2.450%, 12/15/2015   4,045,000 4,012,353
4.250%, 01/15/2021   3,280,000 3,273,594
4.600%, 05/15/2013   425,000 453,741

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
BNP Paribas      
5.000%, 01/15/2021 $ 3,165,000 $ 3,189,684
Boardwalk Pipelines LP      
5.500%, 02/01/2017   320,000 340,220
Boston Properties LP      
4.125%, 05/15/2021   2,060,000 1,956,100
BPCE SA      
2.375%, 10/04/2013 (S)   4,320,000 4,317,261
Burlington Northern Santa Fe LLC      
5.050%, 03/01/2041   2,605,000 2,398,067
Capital One Financial Corp.      
7.375%, 05/23/2014   320,000 366,981
Citigroup, Inc.      
4.587%, 12/15/2015   1,380,000 1,424,589
5.375%, 08/09/2020   4,825,000 4,959,849
6.125%, 05/15/2018   12,005,000 13,072,172
6.500%, 08/19/2013   3,635,000 3,971,703
8.500%, 05/22/2019   950,000 1,170,749
CNA Financial Corp.      
5.875%, 08/15/2020   2,665,000 2,747,692
Commonwealth Bank of Australia      
3.500%, 03/19/2015 (S)   3,465,000 3,543,437
3.750%, 10/15/2014 (S)   2,050,000 2,125,948
Credit Suisse/New York      
5.500%, 05/01/2014   3,195,000 3,499,071
Crown Castle Towers LLC      
6.113%, 01/15/2020 (S)   3,988,000 4,317,652
Discover Bank      
8.700%, 11/18/2019   1,500,000 1,794,836
E*Trade Financial Corp.      
7.875%, 12/01/2015   675,000 683,438
ERAC USA Finance LLC      
2.250%, 01/10/2014 (S)   1,565,000 1,559,992
5.250%, 10/01/2020 (S)   3,300,000 3,392,849
Federal Realty Investment Trust      
5.900%, 04/01/2020   720,000 778,898
Fifth Third Bancorp      
3.625%, 01/25/2016   2,780,000 2,772,694
6.250%, 05/01/2013   1,655,000 1,794,147
8.250%, 03/01/2038   1,900,000 2,267,426
General Electric Capital Corp.      
2.100%, 01/07/2014   11,620,000 11,626,902
4.625%, 01/07/2021   14,855,000 14,606,847
5.300%, 02/11/2021   3,335,000 3,382,094
5.875%, 01/14/2038   695,000 686,155
6.875%, 01/10/2039   6,270,000 6,997,276
HBOS PLC      
6.000%, 11/01/2033 (S)   390,000 293,285
Health Care REIT, Inc.      
4.700%, 09/15/2017   2,720,000 2,724,208
Hospitality Properties Trust      
7.875%, 08/15/2014   235,000 262,276
HSBC Bank USA, Inc.      
4.625%, 04/01/2014   100,000 106,230
HSBC Holdings PLC      
5.100%, 04/05/2021   3,530,000 3,542,606
6.500%, 05/02/2036   2,375,000 2,431,029
International Lease Finance Corp.      
6.625%, 11/15/2013   695,000 719,325
Intesa Sanpaolo SpA      
3.625%, 08/12/2015 (S)   2,565,000 2,476,079
Janus Capital Group, Inc.      
6.700%, 06/15/2017   625,000 672,642
Jefferies Group, Inc.      
5.875%, 06/08/2014   176,000 189,584

 

284

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Jefferies Group, Inc. (continued)      
8.500%, 07/15/2019 $ 2,220,000 $ 2,615,724
JPMorgan Chase & Company      
2.125%, 12/26/2012   55,000 56,317
3.400%, 06/24/2015   565,000 567,580
3.700%, 01/20/2015   7,500,000 7,705,523
4.650%, 06/01/2014   5,565,000 5,942,902
6.000%, 01/15/2018   11,495,000 12,584,347
KeyCorp      
3.750%, 08/13/2015   4,175,000 4,211,899
5.100%, 03/24/2021   1,195,000 1,185,789
Kilroy Realty LP      
6.625%, 06/01/2020   2,330,000 2,386,705
Lloyds TSB Bank PLC      
6.500%, 09/14/2020 (S)   5,280,000 5,185,034
MassMutual Global Funding II      
3.625%, 07/16/2012 (S)   386,000 397,483
Merrill Lynch & Company, Inc.      
5.450%, 02/05/2013   850,000 900,527
6.875%, 04/25/2018   805,000 892,628
7.750%, 05/14/2038   435,000 499,464
Morgan Stanley      
4.000%, 07/24/2015   5,080,000 5,154,600
4.100%, 01/26/2015   6,050,000 6,203,694
4.200%, 11/20/2014   7,640,000 7,878,888
6.000%, 04/28/2015   7,035,000 7,650,774
6.625%, 04/01/2018   2,390,000 2,622,456
Ohio National Financial Services, Inc.      
6.350%, 04/01/2013 (S)   15,000 15,978
PACCAR Financial Corp.      
2.050%, 06/17/2013   5,060,000 5,111,617
Pacific LifeCorp.      
6.000%, 02/10/2020 (S)   3,435,000 3,652,721
PartnerRe Finance B LLC      
5.500%, 06/01/2020   3,360,000 3,359,731
PNC Funding Corp.      
3.625%, 02/08/2015   4,370,000 4,511,898
4.375%, 08/11/2020   2,380,000 2,365,689
Pricoa Global Funding I      
5.450%, 06/11/2014 (S)   650,000 704,499
Principal Financial Group, Inc.      
6.050%, 10/15/2036   180,000 184,738
7.875%, 05/15/2014   785,000 906,185
8.875%, 05/15/2019   200,000 253,899
Principal Life Global Funding I      
5.250%, 01/15/2013 (S)   160,000 170,547
Provident Companies, Inc.      
7.000%, 07/15/2018   2,360,000 2,608,399
Prudential Financial, Inc.      
4.750%, 09/17/2015   3,675,000 3,906,646
5.375%, 06/21/2020   1,705,000 1,772,839
Reckson Operating Partnership LP      
6.000%, 03/31/2016   200,000 212,714
Regency Centers LP      
6.000%, 06/15/2020   1,065,000 1,079,429
Regions Financial Corp.      
5.750%, 06/15/2015   800,000 815,000
Reinsurance Group of America, Inc.      
5.625%, 03/15/2017   1,725,000 1,808,645
6.450%, 11/15/2019   705,000 758,654
Simon Property Group LP      
4.200%, 02/01/2015   2,195,000 2,306,032
5.750%, 12/01/2015   480,000 532,969
6.750%, 05/15/2014   495,000 552,661

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
SLM Corp.      
5.125%, 08/27/2012 $ 1,320,000 $ 1,361,609
5.375%, 05/15/2014   350,000 362,563
6.250%, 01/25/2016   2,335,000 2,434,238
8.450%, 06/15/2018   1,075,000 1,204,000
Societe Generale      
3.500%, 01/15/2016 (S)   2,990,000 2,947,168
Standard Chartered PLC      
3.850%, 04/27/2015 (S)   4,930,000 5,039,722
Sun Life Financial Global Funding LP      
0.552%, 10/06/2013 (P)(S)   250,000 247,837
SunTrust Banks, Inc.      
3.600%, 04/15/2016   2,215,000 2,198,881
The Allstate Corp.      
7.450%, 05/16/2019   1,700,000 2,016,795
The Goldman Sachs Group, Inc.      
3.700%, 08/01/2015   3,560,000 3,580,584
6.150%, 04/01/2018   16,880,000 18,269,646
6.250%, 02/01/2041   2,450,000 2,439,852
6.750%, 10/01/2037   6,180,000 6,233,327
The Royal Bank of Scotland PLC      
3.400%, 08/23/2013   4,040,000 4,129,009
The Travelers Companies, Inc.      
3.900%, 11/01/2020   1,155,000 1,093,284
Toyota Motor Credit Corp.      
3.200%, 06/17/2015   5,000,000 5,075,090
U.S. Bank NA (3.778% to 04/29/2015      
then 3 month LIBOR + 2.003%)      
04/29/2020   5,165,000 5,254,205
UBS AG/Stamford CT      
4.875%, 08/04/2020   1,120,000 1,127,606
Unum Group      
5.625%, 09/15/2020   1,040,000 1,055,559
UnumProvident Finance Company PLC      
6.850%, 11/15/2015 (S)   555,000 617,024
US Bancorp      
3.442%, 02/01/2016   3,545,000 3,528,044
Ventas Realty LP/Ventas Capital Corp.      
3.125%, 11/30/2015   835,000 809,063
6.500%, 06/01/2016   690,000 713,058
WEA Finance LLC/WT      
Finance Australia Pty, Ltd.      
6.750%, 09/02/2019 (S)   375,000 429,832
7.500%, 06/02/2014 (S)   455,000 520,328
Wells Fargo & Company      
4.600%, 04/01/2021   9,755,000 9,631,511
WPP Finance UK      
8.000%, 09/15/2014   80,000 93,158
 
      360,296,724
Health Care - 0.91%      
Boston Scientific Corp.      
4.500%, 01/15/2015   2,145,000 2,209,577
Cardinal Health, Inc.      
4.625%, 12/15/2020   3,090,000 3,069,547
Express Scripts, Inc.      
5.250%, 06/15/2012   475,000 497,593
6.250%, 06/15/2014   2,435,000 2,702,794
HCA, Inc.      
8.500%, 04/15/2019   200,000 222,000
Life Technologies Corp.      
3.500%, 01/15/2016   2,860,000 2,846,112
Medco Health Solutions, Inc.      
2.750%, 09/15/2015   1,275,000 1,259,723

 

285

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Health Care (continued)      
Medtronic, Inc.      
3.000%, 03/15/2015 $ 4,145,000 $ 4,258,863
Novant Health Inc      
5.850%, 11/01/2019   1,445,000 1,525,596
United Surgical Partners      
International, Inc.      
8.875%, 05/01/2017   385,000 403,769
UnitedHealth Group, Inc.      
3.875%, 10/15/2020   1,240,000 1,178,624
4.700%, 02/15/2021   1,445,000 1,458,566
Universal Hospital Services, Inc.      
3.834%, 06/01/2015 (P)   315,000 305,550
Valeant Pharmaceuticals      
International, Inc.      
7.000%, 10/01/2020 (S)   1,575,000 1,527,750
WellPoint, Inc.      
4.350%, 08/15/2020   1,970,000 1,962,416
6.000%, 02/15/2014   1,390,000 1,539,315
 
      26,967,795
Industrials - 1.18%      
Canadian Pacific Railway Company      
7.250%, 05/15/2019   425,000 503,029
Continental Airlines 2009-1 Pass      
Through Trust      
9.000%, 07/08/2016   1,568,749 1,780,530
Continental Airlines 2009-2 Class A Pass      
Through Trust      
7.250%, 11/10/2019   427,845 462,072
Continental Airlines 2010 Class A Pass      
Through Trust      
4.750%, 01/12/2021   1,050,000 1,029,000
Cooper US, Inc.      
2.375%, 01/15/2016   2,155,000 2,111,383
CSX Corp.      
5.750%, 03/15/2013   290,000 312,321
Deere & Company      
4.375%, 10/16/2019   3,945,000 4,103,076
Delta Air Lines 2009-1 Class A Pass      
Through Trust      
7.750%, 12/17/2019   717,512 785,675
Delta Air Lines 2010-2 Class A Pass      
Through Trust      
4.950%, 05/23/2019   1,015,000 1,015,000
Delta Air Lines 2011-1 Class A Pass      
Through Trust      
5.300%, 04/15/2019   640,000 644,800
Delta Air Lines, Inc.      
9.500%, 09/15/2014 (S)   449,000 477,063
Embraer Overseas, Ltd.      
6.375%, 01/15/2020   440,000 473,000
Emerson Electric Company      
5.250%, 11/15/2039   2,500,000 2,496,175
GATX Corp.      
3.500%, 07/15/2016   1,590,000 1,568,115
GATX Financial Corp.      
5.500%, 02/15/2012   285,000 293,168
L-3 Communications Corp.      
4.750%, 07/15/2020   3,440,000 3,421,916
Roper Industries, Inc.      
6.250%, 09/01/2019   2,300,000 2,533,337
Southwest Airlines Company      
5.125%, 03/01/2017   3,710,000 3,844,254
6.500%, 03/01/2012   160,000 167,384

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Waste Management, Inc.      
4.750%, 06/30/2020 $ 6,360,000 $ 6,449,835
6.100%, 03/15/2018   530,000 590,196
7.375%, 05/15/2029   15,000 17,833
 
      35,079,162
Information Technology - 0.42%      
Advanced Micro Devices, Inc.      
8.125%, 12/15/2017   300,000 312,000
Agilent Technologies, Inc.      
5.000%, 07/15/2020   1,200,000 1,224,923
Broadcom Corp.      
2.375%, 11/01/2015 (S)   890,000 858,252
Hewlett-Packard Company      
2.950%, 08/15/2012   520,000 534,161
International Business Machines Corp.      
2.000%, 01/05/2016   5,755,000 5,588,922
6.500%, 10/15/2013   375,000 421,917
Motorola, Inc.      
8.000%, 11/01/2011   375,000 389,511
Xerox Corp.      
5.650%, 05/15/2013   1,150,000 1,237,758
6.350%, 05/15/2018   485,000 547,869
8.250%, 05/15/2014   1,100,000 1,284,793
 
      12,400,106
Materials - 1.70%      
Allegheny Technologies, Inc.      
5.950%, 01/15/2021   1,345,000 1,414,035
9.375%, 06/01/2019   270,000 341,649
Anglo American Capital PLC      
4.450%, 09/27/2020 (S)   1,160,000 1,159,099
AngloGold Holdings PLC      
5.375%, 04/15/2020   2,865,000 2,902,769
ArcelorMittal      
3.750%, 08/05/2015   3,995,000 4,029,884
5.375%, 06/01/2013   2,100,000 2,231,687
Ashland, Inc.      
9.125%, 06/01/2017   350,000 401,625
Celulosa Arauco y Constitucion SA      
5.000%, 01/21/2021 (S)   1,998,000 1,968,983
5.125%, 07/09/2013   70,000 73,489
Cliffs Natural Resources, Inc.      
4.875%, 04/01/2021   3,390,000 3,338,577
Corp. Nacional del Cobre de Chile      
7.500%, 01/15/2019 (S)   260,000 313,720
Freeport-McMoRan Copper & Gold, Inc.      
8.375%, 04/01/2017   4,940,000 5,446,350
Holcim US Finance      
6.000%, 12/30/2019 (S)   1,745,000 1,826,884
International Paper Company      
9.375%, 05/15/2019   400,000 514,245
Inversiones CMPC SA      
4.750%, 01/19/2018 (S)   1,605,000 1,576,595
Novelis, Inc.      
8.750%, 12/15/2020 (S)   4,070,000 4,477,000
Rio Tinto Finance USA, Ltd.      
8.950%, 05/01/2014   2,005,000 2,409,974
Rock-Tenn Company      
9.250%, 03/15/2016   250,000 275,000
Southern Copper Corp.      
5.375%, 04/16/2020   600,000 609,207
Steel Dynamics, Inc.      
7.625%, 03/15/2020   1,200,000 1,287,000

 

286

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Materials (continued)      
Teck Resources, Ltd.      
9.750%, 05/15/2014 $ 675,000 $ 819,371
10.250%, 05/15/2016   825,000 992,063
The Dow Chemical Company      
2.500%, 02/15/2016   1,360,000 1,306,734
8.550%, 05/15/2019   5,535,000 6,987,904
Vale Overseas, Ltd.      
6.250%, 01/23/2017   3,335,000 3,707,003
 
      50,410,847
Telecommunication Services - 2.08%      
America Movil SAB de CV      
5.625%, 11/15/2017   115,000 126,457
5.750%, 01/15/2015   280,000 308,557
6.375%, 03/01/2035   6,700,000 7,218,064
American Tower Corp.      
5.050%, 09/01/2020   3,410,000 3,308,041
7.250%, 05/15/2019   2,373,000 2,664,711
AT&T, Inc.      
6.300%, 01/15/2038   6,545,000 6,591,607
6.450%, 06/15/2034   385,000 396,040
6.550%, 02/15/2039   2,520,000 2,624,388
6.700%, 11/15/2013   230,000 258,665
CC Holdings GS V LLC/Crown Castle      
GS III Corp.      
7.750%, 05/01/2017 (S)   900,000 981,000
Clearwire Communications LLC      
12.000%, 12/01/2015 (S)   500,000 540,000
Cricket Communications, Inc.      
10.000%, 07/15/2015   300,000 329,250
Discovery Communications LLC      
3.700%, 06/01/2015   2,340,000 2,413,652
NBCUniversal Media LLC      
5.150%, 04/30/2020 (S)   5,465,000 5,624,370
5.950%, 04/01/2041 (S)   2,270,000 2,175,266
Qwest Corp.      
3.560%, 06/15/2013 (P)   125,000 130,313
7.500%, 10/01/2014   175,000 199,938
8.375%, 05/01/2016   550,000 654,500
SBA Telecommunications, Inc.      
8.000%, 08/15/2016   150,000 163,313
8.250%, 08/15/2019   125,000 138,125
SBA Tower Trust      
4.254%, 04/15/2015 (S)   5,420,000 5,641,111
Sprint Nextel Corp.      
8.375%, 08/15/2017   3,925,000 4,371,469
Telecom Italia Capital SA      
5.250%, 11/15/2013   1,180,000 1,244,886
6.175%, 06/18/2014   2,675,000 2,869,462
Telefonica Emisiones SAU      
3.992%, 02/16/2016   3,730,000 3,743,286
5.855%, 02/04/2013   50,000 53,267
5.877%, 07/15/2019   1,440,000 1,512,674
6.221%, 07/03/2017   4,165,000 4,536,914
Verizon Global Funding Corp.      
6.875%, 06/15/2012   50,000 53,421
7.750%, 12/01/2030   320,000 385,182
Vodafone Group PLC      
5.625%, 02/27/2017   275,000 303,407
Windstream Corp.      
8.125%, 08/01/2013   125,000 137,188
 
      61,698,524

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities - 2.21%      
Abu Dhabi National Energy Company      
5.620%, 10/25/2012 (S) $ 855,000 $ 889,200
AGL Capital Corp.      
5.250%, 08/15/2019   430,000 452,203
Allegheny Energy Supply Company LLC      
6.750%, 10/15/2039 (S)   2,940,000 2,789,413
Appalachian Power Company      
5.650%, 08/15/2012   350,000 368,797
6.375%, 04/01/2036   2,010,000 2,100,518
CenterPoint Energy Resources Corp.      
5.850%, 01/15/2041 (S)   1,035,000 1,024,235
Constellation Energy Group, Inc.      
5.150%, 12/01/2020   4,000,000 3,963,752
Consumers Energy Company      
6.000%, 02/15/2014   165,000 183,051
Dominion Resources, Inc.      
2.250%, 09/01/2015   1,815,000 1,762,116
Duke Energy Carolinas LLC      
5.300%, 02/15/2040   2,100,000 2,062,087
EDP Finance BV      
4.900%, 10/01/2019 (S)   1,350,000 1,177,108
Electricite de France      
4.600%, 01/27/2020 (S)   2,900,000 2,952,426
6.950%, 01/26/2039 (S)   1,875,000 2,178,236
Enel Finance International NV      
6.000%, 10/07/2039 (S)   3,100,000 2,816,862
Enogex LLC      
6.250%, 03/15/2020 (S)   1,500,000 1,609,242
Exelon Generation Company LLC      
6.250%, 10/01/2039   945,000 923,619
FirstEnergy Solutions Corp.      
4.800%, 02/15/2015   2,720,000 2,850,568
Georgia Power Company      
4.750%, 09/01/2040   3,370,000 3,015,186
Korea Hydro & Nuclear Power      
Company, Ltd.      
3.125%, 09/16/2015 (S)   830,000 806,931
LG&E and KU Energy LLC      
2.125%, 11/15/2015 (S)   2,690,000 2,554,674
Massachusetts Electric Company      
5.900%, 11/15/2039 (S)   1,750,000 1,818,191
Monongahela Power Company      
5.700%, 03/15/2017 (S)   265,000 283,412
Nevada Power Company      
6.650%, 04/01/2036   1,400,000 1,581,307
6.750%, 07/01/2037   245,000 278,897
7.125%, 03/15/2019   915,000 1,075,920
NiSource Finance Corp.      
6.150%, 03/01/2013   225,000 243,774
6.250%, 12/15/2040   1,315,000 1,342,551
Northeast Utilities Corp.      
5.650%, 06/01/2013   625,000 672,298
Northern States Power Company      
5.350%, 11/01/2039   835,000 838,133
NSTAR Electric Company      
5.500%, 03/15/2040   3,455,000 3,493,002
Ohio Power Company      
5.750%, 09/01/2013   195,000 212,125
PacifiCorp      
6.250%, 10/15/2037   3,000,000 3,314,721
Pennsylvania Electric Company      
6.150%, 10/01/2038   1,375,000 1,361,671
Piedmont Natural Gas Company, Inc.      
6.000%, 12/19/2033   10,000 9,912

 

287

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Progress Energy, Inc.      
4.400%, 01/15/2021 $ 3,130,000 $ 3,102,828
Public Service Company of Oklahoma      
5.150%, 12/01/2019   885,000 930,996
Public Service Electric & Gas Company      
5.375%, 11/01/2039   1,945,000 1,917,255
5.700%, 12/01/2036   285,000 291,813
RRI Energy, Inc.      
7.875%, 06/15/2017   200,000 198,500
San Diego Gas & Electric Company      
6.000%, 06/01/2039   750,000 826,986
Sempra Energy      
6.000%, 10/15/2039   2,175,000 2,212,660
Southern California Edison Company      
5.750%, 03/15/2014   160,000 177,591
Tampa Electric Company      
6.150%, 05/15/2037   235,000 255,195
Teco Finance, Inc.      
5.150%, 03/15/2020   2,515,000 2,602,371
6.572%, 11/01/2017   35,000 39,702
West Penn Power Company      
5.950%, 12/15/2017 (S)   225,000 246,930
 
      65,808,965
TOTAL CORPORATE BONDS (Cost $800,222,112) $ 820,791,706
 
MUNICIPAL BONDS - 1.26%      
California - 0.20%      
Bay Area Toll Authority      
6.263%, 04/01/2049   1,500,000 1,511,115
East Bay Municipal Utility District      
5.874%, 06/01/2040   860,000 859,200
Los Angeles Department of Airports      
7.053%, 05/15/2040   2,600,000 2,730,390
San Diego County Water Authority      
6.138%, 05/01/2049   840,000 836,270
 
      5,936,975
Colorado - 0.09%      
Regional Transportation District      
5.000%, 11/01/2038   2,630,000 2,591,181
District of Columbia - 0.10%      
District of Columbia      
5.250%, 12/01/2034   2,610,000 2,684,829
5.591%, 12/01/2034   375,000 377,254
 
      3,062,083
Illinois - 0.14%      
Chicago Metropolitan Water Reclamation      
District      
5.720%, 12/01/2038   2,235,000 2,217,142
Chicago Transit Authority, Series A      
6.899%, 12/01/2040   260,000 255,853
City of Chicago      
6.395%, 01/01/2040   1,925,000 1,847,923
 
      4,320,918
Kansas - 0.00%      
Kansas Development Finance Authority      
5.501%, 05/01/2034   110,000 105,020
Maryland - 0.17%      
Maryland State Transportation Authority      
5.754%, 07/01/2041   3,770,000 3,837,181
5.888%, 07/01/2043   1,070,000 1,113,635
 
      4,950,816

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
New York - 0.37%      
City of New York      
5.846%, 06/01/2040 $ 2,400,000 $ 2,355,624
Metropolitan Transportation Authority      
7.336%, 11/15/2039   2,150,000 2,437,176
New York City Housing      
Development Corp.      
6.420%, 11/01/2027   100,000 102,047
New York City Municipal Water Finance      
Authority      
5.952%, 06/15/2042   840,000 859,454
New York City Transitional Finance      
Authority      
5.508%, 08/01/2037   2,630,000 2,550,890
Tompkins County Industrial      
Development Agency      
5.000%, 07/01/2037   2,665,000 2,664,787
 
      10,969,978
Oregon - 0.00%      
State of Oregon      
5.892%, 06/01/2027   60,000 62,231
Texas - 0.09%      
Texas Transportation Commission      
5.178%, 04/01/2030   2,800,000 2,756,124
Utah - 0.08%      
Utah Transit Authority      
5.937%, 06/15/2039   2,155,000 2,257,169
Virginia - 0.02%      
Virginia Commonwealth Transportation      
Board      
5.350%, 05/15/2035   515,000 500,693
TOTAL MUNICIPAL BONDS (Cost $38,013,675) $ 37,513,188
 
TERM LOANS (M) - 2.86%      
Consumer Discretionary - 1.27%      
Adesa, Inc.      
3.000%, 10/18/2013   4,129,418 4,111,996
Allison Transmission, Inc.      
3.010%, 08/07/2014   2,462,856 2,440,075
Anchor Glass Container Corp.      
6.000%, 03/02/2016   2,706,738 2,723,656
CCM Merger, Inc.      
7.000%, 03/01/2017   500,000 505,938
CCO Holdings LLC      
2.746%, 09/06/2014   1,300,000 1,270,750
Cengage Learning, Inc.      
2.500%, 07/03/2014   738,520 707,046
Charter Communications Operating LLC      
7.250%, 03/06/2014   1,204,494 1,209,011
CSC Holdings, Inc.      
1.059%, 02/24/2012   216,216 214,324
Federal Mogul Corp.      
2.189%, 12/28/2015   1,003,854 978,041
2.196%, 12/29/2014   1,965,455 1,914,916
Ford Motor Company      
3.010%, 12/16/2013   1,309,344 1,307,903
Interactive Data Corp.      
4.750%, 02/12/2018   2,675,000 2,682,624
Las Vegas Sands LLC      
3.000%, 11/23/2016   1,661,115 1,617,511
3.000%, 11/23/2016   333,860 325,096
Michaels Stores, Inc.      
4.834%, 07/31/2016   1,262,840 1,265,312

 

288

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (M) (continued)      
Consumer Discretionary (continued)      
OSI Restaurant Partners, Inc.      
2.563%, 06/14/2014 $ 609,109 $ 590,413
3.542%, 06/14/2013   53,615 51,969
Sabre, Inc.      
2.267%, 09/30/2014   1,323,179 1,245,810
Six Flags Theme Parks, Inc.      
5.250%, 06/30/2016   4,402,597 4,426,812
The Goodyear Tire & Rubber Company      
1.960%, 04/30/2014   750,000 733,594
The ServiceMaster Company      
2.750%, 07/24/2014   268,904 263,574
2.771%, 07/24/2014   2,700,247 2,646,726
Univision Communications, Inc.      
4.496%, 03/31/2017   4,480,742 4,364,722
 
      37,597,819
Consumer Staples - 0.04%      
Reynolds Group Holdings, Inc.      
4.250%, 02/09/2018   1,250,000 1,254,911
Energy - 0.10%      
MEG Energy Corp.      
- 03/16/2018 (T)   3,000,000 3,016,500
Financials - 0.43%      
Asurion Corp.      
6.758%, 07/03/2015   284,483 281,549
HUB International Holdings, Inc.      
2.807%, 06/13/2014   197,972 195,841
2.807%, 06/13/2014   44,616 44,233
International Lease Finance Corp.      
6.750%, 03/17/2015   5,250,000 5,268,748
Nuveen Investments, Inc.      
3.306%, 11/13/2014   522,867 501,953
5.806%, 05/12/2017   610,942 610,747
Pinafore LLC      
4.250%, 09/29/2016   4,231,866 4,241,388
Pinnacle Foods Finance LLC      
2.761%, 04/02/2014   1,210,198 1,203,895
6.000%, 04/02/2014   374,604 377,133
 
      12,725,487
Health Care - 0.32%      
Bausch & Lomb, Inc.      
3.496%, 04/24/2015   144,377 144,056
3.543%, 04/24/2015   593,877 592,558
Biomet, Inc.      
3.292%, 03/25/2015   738,520 736,879
Community Health Systems, Inc.      
3.811%, 01/25/2017   748,120 745,969
HCA, Inc.      
1.557%, 11/19/2012   578,988 575,037
2.557%, 11/18/2013   3,000,000 2,984,064
Health Management Associates, Inc.      
2.057%, 02/28/2014   723,286 712,256
IASIS Healthcare LLC      
5.554%, 06/13/2014   662,048 653,351
Warner Chilcott PLC      
4.250%, 03/14/2018   660,000 662,475
4.250%, 03/14/2018   1,075,556 1,079,589
4.250%, 03/14/2018   739,444 742,217
 
      9,628,451
Industrials - 0.02%      
Avis Budget Holdings LLC      
5.750%, 04/19/2014   195,781 195,745

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (M) (continued)      
Industrials (continued)      
DAE Aviation Holdings, Inc.      
5.310%, 07/31/2014 $ 121,737 $ 121,205
5.310%, 07/31/2014   126,371 125,818
Dollar Thrifty Automotive Group, Inc.      
2.746%, 06/15/2013   230,237 227,743
 
      670,511
Information Technology - 0.35%      
Fidelity National Information      
Services, Inc.      
5.250%, 07/18/2016   4,278,500 4,297,218
First Data Corp.      
3.002%, 09/24/2014   4,410,707 4,222,564
Hughes Network Systems LLC      
2.813%, 04/15/2014   1,750,000 1,741,250
Skype Technologies SA      
7.000%, 02/23/2015   142,500 142,618
 
      10,403,650
Materials - 0.21%      
Georgia-Pacific Corp.      
2.309%, 12/21/2012   427,184 426,747
Graham Packaging Company LP      
6.000%, 09/23/2016   547,250 550,670
Momentive Performance Materials, Inc.      
3.750%, 05/05/2015   4,411,163 4,371,463
Nalco Holding Company      
1.996%, 05/13/2016   740,625 736,922
 
      6,085,802
Telecommunication Services - 0.12%      
Intelsat Jackson Holdings SA      
3.303%, 02/02/2014   3,000,000 2,938,125
MetroPCS Wireless, Inc.      
4.112%, 11/04/2013   61,868 61,790
4.112%, 11/04/2016   674,023 674,504
 
      3,674,419
TOTAL TERM LOANS (Cost $82,473,975) $ 85,057,550
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 5.38%      
 
COMMERCIAL & RESIDENTIAL - 5.31%    
American Tower Trust, Series 2007-1A,      
Class D      
5.957%, 04/15/2037 (S)   350,000 369,123
Banc of America      
Commercial Mortgage, Inc.      
Series 2003-1, Class A1,      
3.878%, 09/11/2036   45,520 45,776
Series 2005-3, Class A2,      
4.501%, 07/10/2043   268,903 268,909
Series 2003-1, Class A2,      
4.648%, 09/11/2036   680,000 707,508
Series 2007-1, Class AAB,      
5.422%, 01/15/2049   5,985,000 6,250,604
Banc Of America Funding Corp.,      
Series BAFC 2005-B 2A1      
2.948%, 04/20/2035 (P)   4,975,567 4,050,291
Banc of America Mortgage Securities      
Series 2004-A, Class 2A2,      
2.857%, 02/25/2034 (P)   73,926 66,635
Series 2004-D, Class 2A2,      
2.956%, 05/25/2034 (P)   40,922 37,684
Series 2005-J, Class 2A1,      
3.123%, 11/25/2035 (P)   231,353 188,492

 

289

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMERCIAL & RESIDENTIAL (continued)    
Banc of America Mortgage      
Securities (continued)      
Series 2004-H, Class 2A2,      
3.166%, 09/25/2034 (P) $ 98,805 $ 92,739
Series 2004-I, Class 3A2,      
4.807%, 10/25/2034 (P)   24,182 23,802
Series 2005-J, Class 3A1,      
5.245%, 11/25/2035 (P)   2,535,159 2,379,186
Bear Stearns Commercial      
Mortgage Securities      
Series 2005-PWR8, Class A4,      
4.674%, 06/11/2041   492,000 516,354
Series 2005-PWR9, Class AAB,      
4.804%, 09/11/2042   341,079 353,865
Series 2002-TOP8, Class A2,      
4.830%, 08/15/2038   272,000 281,511
Series 2005-PWR9, Class A4A,      
4.871%, 09/11/2042   4,525,000 4,787,159
Series 2007-PW17, Class A1,      
5.282%, 06/11/2050   274,656 278,590
Series 2007-PW15, Class AAB,      
5.315%, 02/11/2044   600,000 624,996
Series 2006-PW13, Class AAB,      
5.530%, 09/11/2041   50,000 52,528
Series 2006-PW3, Class A4,      
5.540%, 09/11/2041   2,981,000 3,192,891
Series 2006-PW12, Class A4,      
5.723%, 09/11/2038 (P)   385,000 421,729
Series 2007-T28, Class A4,      
5.742%, 09/11/2042 (P)   220,000 238,528
Citigroup/Deutsche Bank      
Commercial Mortgage Trust      
Series 2005-CD1, Class A4,      
5.222%, 07/15/2044 (P)   225,000 241,564
Series 2007-CD4, Class ASB,      
5.278%, 12/11/2049   50,000 49,241
Series 2006-CD3, Class AAB,      
5.608%, 10/15/2048   310,000 326,009
Series 2006-CD3, Class A5,      
5.617%, 10/15/2048   1,735,000 1,862,344
Commercial Mortgage Loan Trust,      
Series 2008-LS1, Class A3      
6.013%, 12/10/2049 (P)   1,850,000 1,922,912
Commercial Mortgage Pass Through      
Certificates, Series 2007-C9, Class A4      
5.815%, 12/10/2049 (P)   8,900,000 9,643,391
Credit Suisse First Boston      
Mortgage Securities Corp.      
Series 2004-C2, Class A1,      
3.819%, 05/15/2036   48,099 48,575
Series 2005-C2, Class A4,      
4.832%, 04/15/2037   575,000 602,613
Credit Suisse Mortgage      
Capital Certificates      
Series 2010-1R, Class 12A1,      
3.353%, 03/27/2036 (P)(S)   749,805 757,427
Series 2010-1R, Class 42A1,      
5.000%, 10/27/2036 (S)   594,888 589,722
GE Capital Commercial Mortgage Corp.,      
Series 2001-1, Class A2      
6.531%, 05/15/2033   11,744 11,731
GMAC Commercial Mortgage      
Securities, Inc., Series 2001-C2,      
Class A2      
6.700%, 04/15/2034   18,675 18,657

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMERCIAL & RESIDENTIAL (continued)    
Greenwich Capital      
Commercial Funding Corp.      
Series 2005-GG3, Class A2,      
4.305%, 08/10/2042 $ 144,684 $ 144,777
Series 2005-GG3, Class A3,      
4.569%, 08/10/2042   600,000 604,935
Series 2005-GG3, Class AAB,      
4.619%, 08/10/2042   93,032 96,052
Series 2007-GG9, Class A4,      
5.444%, 03/10/2039   675,000 713,453
GS Mortgage Securities Corp. II      
Series 2010, Class C2,      
5.162%, 12/10/2043 (P)(S)   7,185,000 7,445,486
Series 2006-GG6, Class A4,      
5.553%, 04/10/2038 (P)   5,100,000 5,462,403
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2003-LN1, Class A1,      
4.134%, 10/15/2037   18,274 18,779
Series 2005-LDP4, Class ASB,      
4.824%, 10/15/2042 (P)   440,538 460,303
Series 2006-LDP9, Class A1,      
5.170%, 05/15/2047   37,861 38,031
Series 2006-CB17, Class A1,      
5.279%, 12/12/2043   80,491 81,082
Series 2006-LDP9, Class A3,      
5.336%, 05/15/2047   620,000 648,209
Series 2006-CB14, Class A4,      
5.481%, 12/12/2044 (P)   60,000 63,575
Series 2006-CB16, Class A4,      
5.552%, 05/12/2045   8,727,000 9,328,735
Series 2007-C1, Class A4,      
5.716%, 02/15/2051   3,725,000 3,939,167
LB-UBS Commercial Mortgage Trust      
Series 2003-C7, Class A3,      
4.559%, 09/15/2027 (P)   525,000 533,533
Series 2005-C1, Class A4,      
4.742%, 02/15/2030   363,000 380,940
Series 2006-C1, Class A4,      
5.156%, 02/15/2031   5,667,500 6,052,397
Series 2006-C7, Class A3,      
5.347%, 11/15/2038   2,185,000 2,308,297
Series 2007-C2, Class A3,      
5.430%, 02/15/2040   50,000 52,612
Merrill Lynch Mortgage Trust,      
Series 2007-C1, Class A4      
5.828%, 06/12/2050 (P)   9,300,000 9,963,931
Morgan Stanley Capital I      
Series 2007-IQ13, Class A4,      
5.364%, 03/15/2044   10,875,000 11,362,325
Series 2007-HQ11, Class A4,      
5.447%, 02/12/2044 (P)   13,725,000 14,386,233
Series 2007-T27,      
5.646%, 06/11/2042 (P)   400,000 411,084
Series 2006-T23, Class A1,      
5.682%, 08/12/2041   15,830 15,820
Series 2007-IQ14, Class A4,      
5.692%, 04/15/2049 (P)   1,885,000 1,983,224
Series 2006-T23, Class A4,      
5.806%, 08/12/2041 (P)   460,000 509,224
Series 2007-IQ15, Class A4,      
5.877%, 06/11/2049 (P)   1,100,000 1,170,164
Series 2008-T29, Class A4,      
6.280%, 01/11/2043 (P)   5,222,000 5,841,658

 

290

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMERCIAL & RESIDENTIAL (continued)    
Morgan Stanley Dean Witter Capital I,      
Series 2002-TOP7, Class A2      
5.980%, 01/15/2039 $ 292,974 $ 302,916
Sequoia Mortgage Trust, Series 2010-H1,      
Class A1      
3.750%, 02/25/2040 (P)   996,323 1,009,121
Vendee Mortgage Trust, Series 1996-3,      
Class 4      
9.600%, 03/15/2025 (P)   9,060 9,737
Wachovia Bank      
Commercial Mortgage Trust      
Series 2005-C17, Class A4,      
5.083%, 03/15/2042 (P)   7,040,000 7,468,811
Series 2006-C23, Class A4,      
5.418%, 01/15/2045 (P)   5,370,000 5,759,059
Series 2006-C24,      
5.558%, 03/15/2045 (P)   4,468,000 4,854,083
Series 2006-C28, Class A4,      
5.572%, 10/15/2048   8,720,000 9,210,759
WaMu Mortgage Pass Through      
Certificates, Series 2005-AR12,      
Class 2A1      
5.018%, 09/25/2035 (P)   1,107,210 1,024,083
Wells Fargo Mortgage Backed      
Securities Trust, Series 2005-AR2,      
Class 2A2      
2.742%, 03/25/2035 (P)   212,722 192,064
Wells Fargo Mortgage      
Backed Securities Trust      
Series 2003-O, Class 5A1,      
4.830%, 01/25/2034 (P)   158,364 160,485
Series 2005-AR2, Class 3A1,      
4.870%, 03/25/2035 (P)   110,653 105,764
Series 2006-AR16, Class A1,      
5.453%, 10/25/2036 (P)   625,572 511,881
WF-RBS Commercial Mortgage Trust,      
Series 2011-C2, Class B      
5.174%, 02/15/2044 (P)(S)   1,740,000 1,760,207
 
      157,688,485
 
U.S. GOVERNMENT AGENCY - 0.07%      
Federal Home Loan Mortgage Corp.      
Series 2568, Class KA,      
4.250%, 12/15/2021   52,204 52,812
Series 2003-2614, Class IH IO,      
4.500%, 05/15/2016   18,177 138
Series 2003-2586, Class NJ,      
4.500%, 08/15/2016   39,988 39,964
Series 2003-2627, Class IE IO,      
4.500%, 04/15/2018   11,672 607
Series 2688, Class DE,      
4.500%, 02/15/2020   18,740 18,719
Series 2003-41, Class YV,      
5.500%, 04/25/2014   113,251 119,323
Series 2005-R003, Class VA,      
5.500%, 08/15/2016   313,409 331,307
Series R005, Class AB,      
5.500%, 12/15/2018   156,931 160,566
Series R006, Class AK,      
5.750%, 12/15/2018   122,240 126,040
Series 2006-3123, Class VB,      
6.000%, 09/15/2013   105,575 106,835
Series 2006-R007, Class VA,      
6.000%, 09/15/2016   120,809 124,756
Series R013, Class AB,      
6.000%, 12/15/2021   47,868 48,964

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT AGENCY (continued)    
Federal Home Loan Mortgage Corp. (continued)    
Series 2006-3195, Class PN,      
6.500%, 08/15/2030 $ 130,136 $ 130,587
Series 199, Class PO,      
08/01/2028   4,144 3,645
Federal National Mortgage Association      
Series 2005-46, Class CN,      
5.000%, 01/25/2020   74,917 76,652
Series 2002-84, Class VA,      
5.500%, 11/25/2013   84,770 88,344
Series 2006-B2, Class AB,      
5.500%, 05/25/2014   43,690 43,718
Series 2006-3136, Class PB,      
6.000%, 01/15/2030   375,000 380,156
Series 319, Class 2 IO,      
6.500%, 02/01/2032   15,442 3,753
Government National      
Mortgage Association      
Series 2004-43, Class A,      
2.822%, 12/16/2019   309,096 310,671
Series 2004-43, Class D,      
4.994%, 03/16/2030 (P)   49,000 51,574
Series 1998-6, Class EA PO,      
03/16/2028   21,621 18,377
 
      2,237,508
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $148,162,796)   $ 159,925,993
 
ASSET BACKED SECURITIES - 3.21%    
Ally Auto Receivables Trust,      
Series 2009-B, Class C      
4.060%, 05/16/2016 (S)   4,027,000 4,168,714
American Express Credit Account      
Master Trust, Series 2006-2 Class B      
5.550%, 01/15/2014   3,340,000 3,373,580
AmeriCredit Automobile      
Receivables Trust, Series 2011-1,      
Class C      
2.850%, 08/08/2016   2,495,000 2,494,404
AmeriCredit      
Automobile Receivables Trust      
Series 2010-1, Class C,      
5.190%, 08/17/2015   1,300,000 1,389,617
Series 2006-RM, Class A3,      
5.530%, 01/06/2014   1,384,435 1,394,863
BankBoston Home Equity Loan Trust,      
Series 1998-2, Class A6      
6.640%, 12/25/2028 (P)   25,773 25,201
BMW Vehicle Lease Trust,      
Series 2009-1, Class A3      
2.910%, 03/15/2012   157,324 158,079
Cabela’s Master Credit Card Trust,      
Series 2006-3a, Class B      
0.455%, 10/15/2014 (P)(S)   2,340,000 2,330,494
CarMax Auto Owner Trust,      
Series 2010-3, Class A4      
1.410%, 02/16/2016   5,655,000 5,550,581
Carmax Auto Owner Trust      
Series 2010-1, Class B,      
3.750%, 12/15/2015   635,000 661,683
Series 2009-2, Class B,      
4.650%, 08/17/2015   3,665,000 3,882,682
Series 2010-1, Class C,      
4.880%, 08/15/2016   405,000 434,156

 

291

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
CenterPoint Energy Transition Bond      
Company LLC, Series 2005-A,      
Class A2      
4.970%, 08/01/2014 $ 56,884 $ 58,580
Chase Funding Mortgage Loan Asset-      
Backed Certificates      
Series 2002-4, Class 2A1,      
0.990%, 10/25/2032 (P)   6,598 5,718
Series 2003-3, Class 1A6,      
3.717%, 10/25/2014   65,683 65,579
Series 2002-2, Class 1M1,      
5.599%, 09/25/2031   16,954 12,408
Citibank Credit Card Issuance Trust,      
Series 2004-B2, Class B2      
0.580%, 10/07/2013 (P)   4,450,000 4,442,293
CNH Equipment Trust      
Series 2010-B, Class A4,      
1.740%, 01/17/2017   6,650,000 6,593,817
Series 2010-A, Class A4,      
2.490%, 01/15/2016   4,645,000 4,730,563
Series 2009-B, Class A3,      
2.970%, 03/15/2013   14,062 14,075
Countrywide Asset-Backed Certificates,      
Series 2004-BC1, Class M2      
1.855%, 01/25/2034 (P)   3,749,108 2,687,248
Daimler Chrysler Auto Trust,      
Series 2008-A, Class A3A      
3.700%, 06/08/2012   13,220 13,227
Ford Credit Auto Owner Trust,      
Series 2009-D, Class D      
8.140%, 02/15/2016 (S)   1,370,000 1,538,691
Ford Credit Floorplan      
Master Owner Trust      
Series 2011-1, Class A1,      
2.120%, 02/15/2016   6,500,000 6,504,310
Series 2010-3, Class A1,      
4.200%, 02/15/2017 (S)   5,145,000 5,435,407
Series 2010-3, Class C,      
4.990%, 02/15/2017 (S)   4,490,000 4,797,702
GE Equipment Midticket LLC,      
Series 2010-1, Class A4      
1.470%, 07/14/2015 (S)   12,105,000 12,002,026
GE Equipment Small Ticket LLC,      
Series 2011-1, Class A3      
1.450%, 01/21/2018 (S)   2,985,000 2,978,186
John Deere Owner Trust, Series 2009-A,      
Class A3      
2.590%, 10/15/2013   63,230 63,708
JPMorgan Auto Receivables Trust,      
Series 2007-A, Class A4      
5.190%, 02/15/2014 (S)   40,400 40,457
JPMorgan Mortgage Acquisition Corp.,      
Series 2007-CH1, Class AV2      
0.310%, 11/25/2036 (P)   22,044 21,725
Marriott Vacation Club Owner Trust      
Series 2006-2A, Class A,      
5.362%, 10/20/2028 (S)   76,234 78,916
Series 2006-1A, Class A,      
5.737%, 04/20/2028 (S)   238,516 249,852
Series 2006-1A, Class B,      
5.827%, 04/20/2028 (S)   11,413 11,817
MBNA Credit Card Master Note Trust,      
Series 2006-C3, Class C3      
0.545%, 10/15/2013 (P)   425,000 424,780

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
Merrill Lynch Mortgage Investors, Inc.,      
Series 2005-WMC1, Class M1      
0.750%, 09/25/2035 (P) $ 3,510,448 $ 3,271,113
MMAF Equipment Finance LLC,      
Series 2009-AA, Class A3      
2.370%, 11/15/2013 (S)   2,514,000 2,536,728
Nissan Auto Lease Trust, Series 2009-A,      
Class A3      
2.920%, 12/15/2011   85,716 85,904
Nissan Master Owner Trust Receivables,      
Series 2010-AA, Class A      
1.405%, 01/15/2015 (P)(S)   3,895,000 3,937,307
Renaissance Home Equity Loan Trust,      
Series 2007-1, Class AF1      
5.742%, 04/25/2037   3,455,223 2,832,630
Residential Asset Mortgage      
Products, Inc., Series 2003-RZ2      
3.600%, 04/25/2033   15,075 14,528
SMART Trust, Series 2011-1USA,      
Class A3A      
1.770%, 10/14/2014 (S)   3,790,000 3,775,720
Volkswagen Auto Lease Trust,      
Series 2009-A, Class A3      
3.410%, 04/16/2012   289,499 291,235
TOTAL ASSET BACKED SECURITIES (Cost $94,283,750) $ 95,380,304
 
CAPITAL PREFERRED SECURITIES - 0.54%    
Financials - 0.54%      
BAC Capital Trust VI      
5.625%, 03/08/2035   3,098,000 2,703,473
BB&T Capital Trust II      
6.750%, 06/07/2036   2,160,000 2,156,611
Capital One Capital IV (6.745% to      
02/17/2032, then 1 month      
LIBOR + 1.170%)      
02/17/2037   425,000 426,594
JPMorgan Chase Capital XXVII      
7.000%, 11/01/2039   5,565,000 5,729,741
JPMorgan Chase Capital XVIII      
6.950%, 08/17/2036   110,000 111,914
The Goldman Sachs Capital I      
6.345%, 02/15/2034   3,601,000 3,460,244
USB Capital XIII Trust      
6.625%, 12/15/2039   1,500,000 1,570,305
 
      16,158,882
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $15,717,730)     $ 16,158,882
 
SECURITIES LENDING COLLATERAL - 1.61%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   4,775,198 47,784,925
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $47,786,399)     $ 47,784,925
 
SHORT-TERM INVESTMENTS - 1.75%    
Money Market Funds* - 1.66%      
T. Rowe Price Prime Reserve      
Fund, 0.1942% $ 49,289,914 $ 49,289,914

 

292

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
SHORT-TERM INVESTMENTS (continued)    
Repurchase Agreement - 0.09%      
Repurchase Agreement with State      
Street Corp. dated 03/31/2011 at      
0.010% to be repurchased at      
$2,737,823 on 04/01/2011,      
collateralized by $2,395,000 Federal      
Home Loan Mortgage Corp., 4.500%      
due 01/15/2014 (valued at $2,625,519,      
including interest) and $165,000      
U.S. Treasury Notes, 1.375% due      
05/15/2013 (valued at $166,805,      
including interest) $ 2,737,823 $ 2,737,823
TOTAL SHORT-TERM INVESTMENTS (Cost $52,027,737) $ 52,027,737
Total Investments (New Income Trust)      
(Cost $2,973,361,663) - 101.37%     $ 3,012,841,200
Other assets and liabilities, net - (1.37%)     (40,640,327)
TOTAL NET ASSETS - 100.00%     $ 2,972,200,873

 

Optimized All Cap Trust    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 97.33%    
Consumer Discretionary - 21.03%    
Hotels, Restaurants & Leisure - 1.08%    
International Speedway Corp., Class A 521,173 $ 15,530,954
Household Durables - 0.89%    
Lennar Corp., Class A 701,205 12,705,835
Internet & Catalog Retail - 7.26%    
Amazon.com, Inc. (I) 420,820 75,802,307
Blue Nile, Inc. (I) 524,907 28,339,729
 
    104,142,036
Media - 4.73%    
CBS Corp., Class B 1,565,631 39,203,400
Omnicom Group, Inc. 584,600 28,680,476
 
    67,883,876
Specialty Retail - 5.96%    
Home Depot, Inc. 534,470 19,807,458
Lowe’s Companies, Inc. 1,816,178 48,001,585
Staples, Inc. 916,610 17,800,566
 
    85,609,609
Textiles, Apparel & Luxury Goods - 1.11%    
The Timberland Company, Class A (I) 387,209 15,987,860
 
    301,860,170
Consumer Staples - 8.33%    
Beverages - 3.24%    
Diageo PLC, SADR 254,716 19,414,454
PepsiCo, Inc. 208,091 13,403,141
Tsingtao Brewery Company, Ltd., Series H (I) 2,883,394 13,765,956
 
    46,583,551
Food & Staples Retailing - 1.02%    
Safeway, Inc. 624,000 14,688,960
Food Products - 0.75%    
McCormick & Company, Inc., Class B 224,980 10,760,793
Household Products - 2.31%    
Clorox Company 292,555 20,499,329

 

Optimized All Cap Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Household Products (continued)    
The Procter & Gamble Company 204,508 $ 12,597,693
 
    33,097,022
Tobacco - 1.01%    
Philip Morris International, Inc. 220,268 14,456,189
 
    119,586,515
Energy - 11.46%    
Energy Equipment & Services - 2.11%    
Schlumberger, Ltd. 324,090 30,224,633
Oil, Gas & Consumable Fuels - 9.35%    
Apache Corp. 254,402 33,306,310
Chevron Corp. 238,636 25,636,665
Exxon Mobil Corp. 163,300 13,738,429
Occidental Petroleum Corp. 252,866 26,421,968
Ultra Petroleum Corp. (I) 713,282 35,129,139
 
    134,232,511
 
    164,457,144
Financials - 20.20%    
Capital Markets - 7.47%    
AllianceBernstein Holding LP (I) 1,311,329 28,586,972
State Street Corp. 728,921 32,757,710
T. Rowe Price Group, Inc. 250,553 16,641,730
The Goldman Sachs Group, Inc. 184,636 29,259,267
 
    107,245,679
Consumer Finance - 1.40%    
American Express Company 444,080 20,072,416
Diversified Financial Services - 9.74%    
Bank of America Corp. 3,423,099 45,629,910
JPMorgan Chase & Company 524,455 24,177,376
Moody’s Corp. 2,062,761 69,948,226
 
    139,755,512
Insurance - 1.59%    
Prudential Financial, Inc. 370,635 22,823,703
 
    289,897,310
Health Care - 12.06%    
Biotechnology - 4.05%    
Amgen, Inc. (I) 1,087,346 58,118,644
Health Care Equipment & Supplies - 1.27%    
Medtronic, Inc. 462,793 18,210,905
Health Care Providers & Services - 2.00%    
AMN Healthcare Services, Inc. (I) 1,144,608 9,912,305
AmSurg Corp. (I) 739,913 18,823,387
 
    28,735,692
Pharmaceuticals - 4.74%    
Merck & Company, Inc. 882,253 29,123,172
Novartis AG, ADR 258,562 14,052,845
Pfizer, Inc. 1,222,556 24,830,112
 
    68,006,129
 
    173,071,370
Industrials - 7.41%    
Aerospace & Defense - 3.22%    
American Science & Engineering, Inc. 153,474 14,174,859
The Boeing Company 234,883 17,364,900
United Technologies Corp. 173,091 14,652,153
 
    46,191,912

 

293

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Optimized All Cap Trust (continued)  
    Shares or  
    Principal  
    Amount Value
COMMON STOCKS (continued)      
Air Freight & Logistics - 1.32%      
United Parcel Service, Inc., Class B   255,148 $ 18,962,599
Commercial Services & Supplies - 1.04%      
Avery Dennison Corp.   357,000 14,979,720
Professional Services - 1.83%      
Robert Half International, Inc.   856,117 26,197,180
 
      106,331,411
Information Technology - 15.10%      
Communications Equipment - 5.32%      
QUALCOMM, Inc.   1,393,094 76,383,344
Internet Software & Services - 3.76%      
Ancestry.com, Inc. (I)   569,149 20,176,332
Google, Inc., Class A (I)   57,618 33,776,248
 
      53,952,580
IT Services - 1.94%      
Visa, Inc., Class A   377,884 27,819,820
Software - 4.08%      
FactSet Research Systems, Inc.   108,417 11,354,512
Nintendo Co., Ltd., Unsponsored ADR   703,439 23,734,032
Oracle Corp.   704,402 23,505,895
 
      58,594,439
      216,750,183
Materials - 1.74%      
Chemicals - 1.74%      
Air Products & Chemicals, Inc.   275,919 24,882,375
TOTAL COMMON STOCKS (Cost $1,361,682,011)   $ 1,396,836,478
 
SHORT-TERM INVESTMENTS - 2.52%    
U.S. Government & Agency      
Obligations* - 1.97%      
Federal Home Loan Bank Discount Notes,      
0.001%, 04/01/2011 $ 23,280,000 $ 23,280,000
U.S. Treasury Bills, 0.013%, 04/07/2011   5,000,000 4,999,960
 
      28,279,960
Repurchase Agreement - 0.55%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be      
repurchased at $7,968,002 on 04/01/2011,    
collateralized by $7,910,000 U.S. Treasury    
Notes, 3.500% due 05/15/2020 (valued at    
$8,127,525, including interest)   7,968,000 7,968,000
TOTAL SHORT-TERM INVESTMENTS (Cost $36,247,986) $ 36,247,960
Total Investments (Optimized All Cap Trust)    
(Cost $1,397,929,997) - 99.85%     $ 1,433,084,438
Other assets and liabilities, net - 0.15%     2,132,724
TOTAL NET ASSETS - 100.00%     $ 1,435,217,162

 

Optimized Value Trust    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 98.83%    
Consumer Discretionary - 15.89%    
Hotels, Restaurants & Leisure - 3.11%    
Carnival Corp. 187,989 $ 7,211,255

 

Optimized Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Household Durables - 0.90%    
Lennar Corp., Class A 114,621 $ 2,076,933
Media - 2.98%    
Comcast Corp., Class A 135,238 3,343,083
Omnicom Group, Inc. 72,411 3,552,484
 
    6,895,567
Multiline Retail - 0.77%    
Target Corp. 35,482 1,774,455
Specialty Retail - 7.30%    
Home Depot, Inc. 236,075 8,748,940
Lowe’s Companies, Inc. 182,471 4,822,709
Staples, Inc. 171,084 3,322,451
 
    16,894,100
Textiles, Apparel & Luxury Goods - 0.83%    
The Timberland Company, Class A (I) 46,619 1,924,899
 
    36,777,209
Consumer Staples - 11.34%    
Beverages - 5.14%    
Diageo PLC, SADR 110,263 8,404,246
PepsiCo, Inc. 54,221 3,492,375
 
    11,896,621
Food & Staples Retailing - 3.18%    
Safeway, Inc. 161,954 3,812,397
Walgreen Company 88,390 3,547,975
 
    7,360,372
Household Products - 1.98%    
Clorox Company 36,004 2,522,800
The Procter & Gamble Company 33,511 2,064,278
 
    4,587,078
Tobacco - 1.04%    
Philip Morris International, Inc. 36,753 2,412,099
 
    26,256,170
Energy - 11.79%    
Oil, Gas & Consumable Fuels - 11.79%    
Chevron Corp. 73,815 7,929,945
ConocoPhillips 100,476 8,024,013
Exxon Mobil Corp. 59,707 5,023,150
Occidental Petroleum Corp. 60,472 6,318,719
 
    27,295,827
 
    27,295,827
Financials - 23.81%    
Capital Markets - 3.60%    
Northern Trust Corp. 71,554 3,631,366
State Street Corp. 104,508 4,696,590
 
    8,327,956
Commercial Banks - 3.49%    
U.S. Bancorp 183,192 4,841,765
Wells Fargo & Company 101,593 3,220,498
 
    8,062,263
Diversified Financial Services - 12.68%    
Bank of America Corp. 648,794 8,648,424
JPMorgan Chase & Company 206,452 9,517,437
Moody’s Corp. 329,977 11,189,520
 
    29,355,381
Insurance - 4.04%    
Prudential Financial, Inc. 97,436 6,000,109

 

294

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Optimized Value Trust (continued)  
    Shares or  
    Principal  
    Amount Value
COMMON STOCKS (continued)      
Insurance (continued)      
Stewart Information Services Corp.   320,195 $ 3,355,644
      9,355,753
      55,101,353
Health Care - 17.07%      
Biotechnology - 3.15%      
Amgen, Inc. (I)   136,235 7,281,761
Health Care Equipment & Supplies - 1.95%    
Medtronic, Inc.   115,048 4,527,139
Health Care Providers & Services - 4.09%    
AmSurg Corp. (I)   104,404 2,656,038
WellPoint, Inc.   97,735 6,820,926
 
      9,476,964
Pharmaceuticals - 7.88%      
Merck & Company, Inc.   120,182 3,967,208
Novartis AG, ADR   104,046 5,654,900
Pfizer, Inc.   423,979 8,611,013
 
      18,233,121
      39,518,985
Industrials - 9.99%      
Aerospace & Defense - 1.18%      
The Boeing Company   36,737 2,715,966
Air Freight & Logistics - 2.46%      
FedEx Corp.   60,940 5,700,937
Commercial Services & Supplies - 4.50%    
Avery Dennison Corp.   175,854 7,378,834
Cintas Corp.   100,102 3,030,088
 
      10,408,922
Industrial Conglomerates - 1.85%      
General Electric Company   213,750 4,285,688
 
      23,111,513
Information Technology - 7.90%      
Communications Equipment - 2.85%      
QUALCOMM, Inc.   120,280 6,594,952
Computers & Peripherals - 2.33%      
Dell, Inc. (I)   371,620 5,392,206
IT Services - 1.09%      
Automatic Data Processing, Inc.   49,181 2,523,477
Software - 1.63%      
Oracle Corp.   112,974 3,769,942
 
      18,280,577
Utilities - 1.04%      
Electric Utilities - 1.04%      
Entergy Corp.   35,905 2,413,175
TOTAL COMMON STOCKS (Cost $217,891,206) $ 228,754,809
SHORT-TERM INVESTMENTS - 1.59%    
U.S. Government & Agency      
Obligations* - 0.86%      
Federal Home Loan Bank Discount Notes,      
0.0011%, 04/01/2011 $ 2,000,000 $ 2,000,000

 

Optimized Value Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS (continued)    
Repurchase Agreement - 0.73%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be      
repurchased at $1,678,000 on 04/01/2011,    
collateralized by $1,695,000 U.S. Treasury    
Notes, 4.500% due 08/15/2039 (valued at    
$1,712,968, including interest) $ 1,678,000 $ 1,678,000
TOTAL SHORT-TERM INVESTMENTS (Cost $3,678,000) $ 3,678,000
Total Investments (Optimized Value Trust)    
(Cost $221,569,206) - 100.42%     $ 232,432,809
Other assets and liabilities, net - (0.42%)     (973,996)
 
TOTAL NET ASSETS - 100.00%     $ 231,458,813

 

Real Estate Securities Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 99.00%    
Financials - 96.22%    
Diversified Financial Services - 0.00%    
BGP Holdings PLC (I) 194,291 $ 0
Real Estate Investment Trusts - 95.32%    
AMB Property Corp. (L) 142,900 5,140,113
American Assets Trust, Inc. 149,350 3,176,675
Apartment Investment & Management    
Company, Class A 262,350 6,682,055
AvalonBay Communities, Inc. (L) 163,034 19,577,123
Boston Properties, Inc. (L) 310,550 29,455,668
Brandywine Realty Trust (L) 681,950 8,278,873
BRE Properties, Inc. (L) 233,950 11,037,761
Camden Property Trust (L) 152,900 8,687,778
Campus Crest Communities, Inc. 21,600 255,528
Chesapeake Lodging Trust 164,250 2,859,593
Cogdell Spencer, Inc. (L) 422,400 2,509,056
Colonial Properties Trust (L) 419,400 8,073,450
Developers Diversified Realty Corp. (L) 685,600 9,598,400
Digital Realty Trust, Inc. (L) 117,199 6,813,950
Douglas Emmett, Inc. 331,700 6,219,375
Duke Realty Corp. (L) 559,400 7,837,194
Entertainment Properties Trust (L) 91,144 4,267,362
Equity Lifestyle Properties, Inc. (L) 93,900 5,413,335
Equity Residential (L) 208,334 11,752,121
Extra Space Storage, Inc. (L) 411,550 8,523,201
Federal Realty Investment Trust 60,150 4,905,834
General Growth Properties, Inc. 400,213 6,195,297
Glimcher Realty Trust (L) 226,000 2,090,500
HCP, Inc. (L) 500,600 18,992,764
Host Hotels & Resorts, Inc. (L) 1,102,477 19,414,620
Hudson Pacific Properties, Inc. 55,800 820,260
Kimco Realty Corp. (L) 737,600 13,527,584
LTC Properties, Inc. 186,200 5,276,908
Pebblebrook Hotel Trust 278,950 6,178,743
Post Properties, Inc. (L) 197,800 7,763,650
ProLogis 1,305,800 20,866,684
PS Business Parks, Inc. (L) 47,950 2,778,223
Public Storage (L) 129,190 14,328,463
Ramco-Gershenson Properties Trust 225,000 2,819,250
Sabra Healthcare, Inc. (L) 86,150 1,517,102
Senior Housing Properties Trust 430,755 9,924,595
Simon Property Group, Inc. (L) 408,014 43,722,780

 

295

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Real Estate Securities Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS (continued)      
Real Estate Investment Trusts (continued)    
SL Green Realty Corp. (L)   202,900 $ 15,258,080
Strategic Hotels & Resorts, Inc. (I)   795,800 5,132,910
Tanger Factory Outlet Centers, Inc. (L)   365,550 9,592,032
Taubman Centers, Inc. (L)   211,450 11,329,491
Vornado Realty Trust   110,719 9,687,913
 
      398,282,294
Real Estate Management & Development - 0.90%    
Brookfield Properties Corp.   211,550 3,748,666
 
      402,030,960
Health Care - 2.78%      
Health Care Providers & Services - 2.78%    
Brookdale Senior Living, Inc.   415,550 11,635,396
TOTAL COMMON STOCKS (Cost $327,995,701)   $ 413,666,356
 
SECURITIES LENDING COLLATERAL - 21.43%  
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   8,948,471 89,546,453
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $89,548,293)     $ 89,546,453
 
SHORT-TERM INVESTMENTS - 0.84%    
Repurchase Agreement - 0.84%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be      
repurchased at $3,520,001 on 04/01/2011,    
collateralized by $3,630,000 Federal Home    
Loan Mortgage Bank, 0.800% due      
11/18/2013 (valued at $3,593,700,      
including interest) $ 3,520,000 $ 3,520,000
TOTAL SHORT-TERM INVESTMENTS (Cost $3,520,000) $ 3,520,000
Total Investments (Real Estate Securities Trust)    
(Cost $421,063,994) - 121.27%     $ 506,732,809
Other assets and liabilities, net - (21.27%)   (88,889,492)
TOTAL NET ASSETS - 100.00%     $ 417,843,317

 

Real Return Bond Trust      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 84.76%      
U.S. Government - 81.91%      
Treasury Inflation Protected Securities      
0.500%, 04/15/2015 $ 1,422,456 $ 1,474,909
0.625%, 04/15/2013   1,562,610 1,634,759
1.125%, 01/15/2021   704,599 713,902
1.250%, 04/15/2014   1,560,645 1,666,720
1.375%, 01/15/2020   204,114 213,746
1.625%, 01/15/2015 to 01/15/2018   1,367,328 1,480,027
1.875%, 07/15/2013 (F)   5,155,141 5,572,790
2.000%, 04/15/2012 to 01/15/2026   21,466,105 23,454,777
2.000%, 01/15/2014 (F)   7,244,375 7,888,444
2.125%, 01/15/2019   4,523,786 5,040,842
2.375%, 04/15/2011 to 01/15/2027   12,768,246 14,288,498
2.500%, 07/15/2016 to 01/15/2029   15,162,683 17,192,245
2.625%, 07/15/2017   637,440 731,264
3.000%, 07/15/2012   367,951 394,024
3.375%, 01/15/2012 to 04/15/2032   12,155,407 15,274,963

 

Real Return Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government (continued)      
Treasury Inflation Protected      
Securities (continued)      
3.625%, 04/15/2028 $ 816,828 $ 1,051,985
3.875%, 04/15/2029   3,750,348 5,011,695
 
      103,085,590
U.S. Government Agency - 2.85%      
Federal Home Loan Mortgage Corp.      
0.214%, 03/21/2013 (P)   2,800,000 2,797,348
Small Business Administration      
5.902%, 02/10/2018   716,980 795,191
 
      3,592,539
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $105,893,328)   $ 106,678,129
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 8.97%      
Australia - 2.09%      
Commonwealth of Australia      
2.500%, 09/20/2030 AUD 1,700,000 1,733,795
3.000%, 09/20/2025   500,000 561,662
4.000%, 08/20/2020   200,000 339,101
 
      2,634,558
Italy - 0.58%      
Republic of Italy      
2.100%, 09/15/2016 EUR 502,800 726,035
Japan - 5.35%      
Government of Japan      
zero coupon, 04/27/2011 JPY 560,000,000 6,731,849
South Korea - 0.95%      
Export-Import Bank of Korea      
0.523%, 10/04/2011 (P)(S) $ 1,200,000 1,200,536
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $11,091,844)   $ 11,292,978
 
CORPORATE BONDS - 36.22%      
Consumer Discretionary - 0.08%      
Videotron Ltee      
6.875%, 01/15/2014   100,000 101,375
Consumer Staples - 0.40%      
WM Wrigley Jr. Company      
1.684%, 06/28/2011 (P)(S)   500,000 500,259
Energy - 0.08%      
Petroleos Mexicanos      
5.500%, 01/21/2021   100,000 101,500
Financials - 34.41%      
Achmea Hypotheekbank NV      
3.200%, 11/03/2014 (S)   400,000 413,783
Ally Financial, Inc.      
3.512%, 02/11/2014 (P)   500,000 501,217
8.300%, 02/12/2015   500,000 548,125
American International Group, Inc.      
0.413%, 10/18/2011 (P)   1,400,000 1,393,826
American International Group, Inc.      
(8.625% to 05/22/2018, then 3 month      
GBP LIBOR + 4.400%)      
05/22/2068 GBP 400,000 668,951
Bank of Montreal      
2.850%, 06/09/2015 (S) $ 1,000,000 1,007,444

 

296

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Real Return Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
BBVA Bancomer SA      
6.500%, 03/10/2021 (S) $ 200,000 $ 197,404
Citigroup Funding, Inc.      
7.375%, 06/16/2014 EUR 600,000 932,577
Citigroup, Inc.      
2.312%, 08/13/2013 (P) $ 1,900,000 1,955,830
Commonwealth Bank of Australia      
0.723%, 07/12/2013 (P)(S)   5,900,000 5,909,524
0.808%, 06/25/2014 (P)(S)   5,300,000 5,340,338
Danfin Funding, Ltd.      
1.003%, 07/16/2013 (P)(S)   500,000 499,470
Dexia Credit Local      
0.710%, 03/05/2013 (P)(S)   300,000 297,973
Everest Reinsurance Holdings, Inc.      
5.400%, 10/15/2014   1,000,000 1,063,509
FIH Erhvervsbank A/S      
2.000%, 06/12/2013 (S)   100,000 101,586
Ford Motor Credit Company LLC      
7.250%, 10/25/2011   2,150,000 2,212,522
7.800%, 06/01/2012   150,000 159,023
General Electric Capital Corp.      
0.309%, 09/21/2012 (P)   2,700,000 2,701,882
ICICI Bank, Ltd.      
2.063%, 02/24/2014 (P)(S)   200,000 198,821
ING Bank Australia, Ltd.      
5.523%, 06/24/2014 (P) AUD 600,000 624,818
International Lease Finance Corp.      
6.500%, 09/01/2014 (S) $ 100,000 106,750
6.625%, 11/15/2013   800,000 828,000
6.750%, 09/01/2016 (S)   100,000 107,000
7.125%, 09/01/2018 (S)   100,000 107,450
LeasePlan Corp. NV      
3.000%, 05/07/2012 (S)   300,000 307,299
Liberty Mutual Group, Inc.      
5.750%, 03/15/2014 (S)   900,000 944,020
Macquarie Bank, Ltd.      
2.600%, 01/20/2012 (S)   200,000 203,371
Merrill Lynch & Company, Inc.      
0.540%, 06/05/2012 (P)   1,100,000 1,095,300
Morgan Stanley      
0.603%, 01/09/2014 (P)   800,000 787,412
0.753%, 10/18/2016 (P)   1,300,000 1,215,798
1.388%, 11/29/2013 (P) EUR 200,000 275,278
1.422%, 03/01/2013 (P)   200,000 279,325
NIBC Bank NV      
2.800%, 12/02/2014 (S) $ 1,600,000 1,651,362
Nordea Bank AB      
1.203%, 01/14/2014 (P)(S)   1,200,000 1,211,506
Royal Bank of Scotland PLC      
1.678%, 10/15/2012 (P)   300,000 299,794
3.000%, 12/09/2011 (S)   100,000 101,791
Santander US Debt SA Unipersonal      
1.107%, 03/30/2012 (P)(S)   1,300,000 1,287,901
SLM Corp.      
2.976%, 03/15/2012 (P)   1,027,000 1,017,038
The Goldman Sachs Group, Inc.      
0.759%, 03/22/2016 (P)   2,100,000 2,024,715
The Royal Bank of Scotland PLC      
1.450%, 10/20/2011 (S)   1,500,000 1,509,215
Vita Capital III, Ltd.      
1.425%, 01/01/2012 (P)(S)   600,000 593,580
Westpac Banking Corp.      
3.585%, 08/14/2014 (S)   400,000 419,250

 

Real Return Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Westpac Securities NZ, Ltd.      
2.500%, 05/25/2012 (S) $ 200,000 $ 203,865
 
      43,305,643
Materials - 0.86%      
Rexam PLC      
6.750%, 06/01/2013 (S)   1,000,000 1,084,165
Telecommunication Services - 0.39%      
Telefonica Emisiones SAU      
0.641%, 02/04/2013 (P)   500,000 495,274
TOTAL CORPORATE BONDS (Cost $43,286,335) $ 45,588,216
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 9.02%      
Commercial & Residential - 7.43%      
Arkle Master Issuer PLC      
Series 4A2, Class 2006-1A,      
0.404%, 02/17/2052 (P)(S)   1,300,000 1,290,575
Series 2010-1A, Class 2A,      
1.464%, 05/17/2060 (P)(S)   400,000 400,374
Banc of America Large Loan, Inc.,      
Series 2009-UB1, Class A4A      
5.620%, 06/24/2050 (P)(S)   250,000 266,046
Bear Stearns Adjustable      
Rate Mortgage Trust      
Series 2003-3, Class 3A2,      
2.649%, 05/25/2033 (P)   187,644 188,965
Series 2005-1, Class 2,      
2.783%, 03/25/2035 (P)   66,398 54,201
Bear Stearns Commercial Mortgage      
Securities, Series 2003-GMZ1,      
Class A2 PO      
05/18/2011 (S)   500,000 498,909
Citigroup Mortgage Loan Trust, Inc.,      
Series 2005-6, Class A3      
2.210%, 08/25/2035 (P)   93,258 89,096
Commercial Mortgage Pass Through      
Certificates, Series 2010-C1, Class A1      
3.156%, 07/10/2046 (S)   99,267 98,854
Countrywide Alternative Loan Trust,      
Series 2007-OA4, Class A1      
0.420%, 05/25/2047 (P)   655,747 439,000
Countrywide Home Loan Mortgage Pass      
Through Trust, Series 2003-HYB3,      
Class 7A1      
2.969%, 11/19/2033 (P)   63,860 64,616
Credit Suisse Mortgage Capital      
Certificates, Series 2009-RR1,      
Class A3A      
5.383%, 02/15/2040 (S)   100,000 106,146
Granite Mortgages PLC, Series 2004-3,      
Class 3A2      
0.996%, 09/20/2044 (P) GBP 231,788 356,217
Greenpoint Mortgage Funding Trust,      
Series 2005-AR1, Class A2      
0.470%, 06/25/2045 (P) $ 427,170 284,755
GS Mortgage Securities Corp. II      
Series 2007-EOP, Class A2,      
1.317%, 03/06/2020 (P)(S)   250,000 250,050
Series 2010-C1, Class A2,      
4.592%, 08/10/2043 (S)   600,000 602,157
GSR Mortgage Loan Trust,      
Series 2005-AR1, Class 1A1      
3.044%, 01/25/2035 (P)   43,040 40,363

 

297

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Real Return Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Holmes Master Issuer PLC,      
Series 2011-1A, Class A3      
2.339%, 10/15/2054 (P)(S) EUR 700,000 $ 993,118
Indymac INDA Mortgage Loan Trust,      
Series 2005-AR1, Class 2A1      
5.062%, 11/25/2035 (P) $ 139,900 121,635
JP Morgan Mortgage Trust      
Series 2007-A1, Class 1A1,      
3.006%, 07/25/2035 (P)   135,946 133,034
Series 2005-A6, Class 2A1,      
3.142%, 08/25/2035 (P)   105,553 91,587
Mastr Adjustable Rate Mortgages Trust,      
Series 2003-6, Class 2A1      
2.563%, 12/25/2033 (P)   206,620 195,766
Merrill Lynch Mortgage Investors, Inc.,      
Series 2005-3, Class 5A      
0.500%, 11/25/2035 (P)   491,079 442,546
NCUA Guaranteed Notes      
Series 2010-R1, Class 1A,      
0.709%, 10/07/2020 (P)   279,227 279,576
Series 2010-R3, Class 2A,      
0.819%, 12/08/2020 (P)   291,486 292,944
RBSCF Trust, Series 2010-RR4,      
Class CMLA      
6.013%, 12/16/2049 (P)(S)   100,000 110,073
Securitized Asset Sales, Inc.,      
Series 1993-6, Class A5      
2.736%, 11/26/2023 (P)   6,098 5,992
Sequoia Mortgage Trust, Series 2007-3,      
Class 1A1      
0.454%, 07/20/2036 (P)   118,495 97,955
Structured Adjustable Rate      
Mortgage Loan Trust      
Series 2004-19, Class 2A1,      
1.712%, 01/25/2035 (P)   148,696 85,808
Series 2004-1, Class 4A2,      
2.585%, 02/25/2034 (P)   264,555 253,467
Structured Asset Mortgage      
Investments, Inc., Series 2004-AR5,      
Class 1A1      
0.584%, 10/19/2034 (P)   180,647 166,517
Structured Asset Securities Corp.,      
Series 2006-NC1, Class A6      
0.300%, 05/25/2036 (P)   3,039 2,999
Vornado DP LLC, Series 2010-VNO,      
Class A2FX      
4.004%, 09/13/2028 (S)   600,000 575,590
Wachovia Bank Commercial      
Mortgage Trust, Series 2004-C14,      
Class A4      
5.088%, 08/15/2041 (P)   100,000 106,252
WaMu Mortgage Pass-      
Through Certificates      
Series 2005-AR15, Class A1A1,      
0.510%, 11/25/2045 (P)   202,993 170,948
Series 2006-AR17, Class 1A1A,      
1.122%, 12/25/2046 (P)   178,275 129,946
Series 2002-AR17, Class 1A,      
1.512%, 11/25/2042 (P)   32,838 29,021
Series 2005-AR10, Class 3A1,      
5.504%, 08/25/2035 (P)   43,568 39,032

 

Real Return Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
U.S. Government Agency - 1.59%      
Federal Home Loan Mortgage Corp.      
Series 2638, Class FA,      
0.655%, 11/15/2016 (P) $ 83,335 $ 83,427
Series 3172, Class FK,      
0.705%, 08/15/2033 (P)   602,036 599,070
Series T-62, Class 1A1,      
1.513%, 10/25/2044 (P)   763,187 754,730
Federal National Mortgage Association      
Series 2006-118, Class A2,      
0.310%, 12/25/2036 (P)   133,252 129,075
Series 2004-63, Class FA,      
0.400%, 08/25/2034 (P)   145,237 139,124
Series 2003-W8, Class 3F2,      
0.600%, 05/25/2042 (P)   127,759 126,797
Series 2004-W9, Class 1A2,      
5.950%, 02/25/2044   167,751 172,457
 
      2,004,680
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $11,712,728)   $ 11,358,810
 
ASSET BACKED SECURITIES - 3.57%      
Aquilae CLO PLC, Series 2006-1X,      
Class A      
1.469%, 01/17/2023 (P) EUR 189,299 243,556
Bear Stearns Asset      
Backed Securities, Inc.      
Series 2006-HE9, Class 1A1,      
0.300%, 11/25/2036 (P) $ 7,798 7,484
Series 2006-AQ1, Class 2A1,      
0.330%, 10/25/2036 (P)   146,997 141,190
Citibank Omni Master Trust,      
Series 2009-A14A, Class A14      
3.005%, 08/15/2018 (P)(S)   300,000 317,700
Equity One Asset Backed Securities, Inc.,      
Series 2004-1, Class AV2      
0.550%, 04/25/2034 (P)   86,245 66,971
HSBC Home Equity Loan Trust,      
Series 2006-2, Class A1      
0.404%, 03/20/2036 (P)   142,790 134,477
HSI Asset Securitization Corp. Trust,      
Series 2006-HE1, Class 2A1      
0.300%, 10/25/2036 (P)   16,057 12,564
Illinois Student Assistance Commission,      
Series 2010-1, Class A1      
0.783%, 04/25/2017 (P)   272,783 272,786
Landmark CDO, Ltd., Series 2005-1A,      
Class A1L      
0.611%, 06/01/2017 (P)(S)   295,727 284,299
LCM LP, Series 5A, Class A1      
0.539%, 03/21/2019 (P)(S)   500,000 471,095
Navigator CDO, Ltd., Series 2003-1A,      
Class A2      
1.163%, 11/15/2015 (P)(S)   140,280 139,695
Nelnet Student Loan Trust,      
Series 2008-4, Class A2      
1.003%, 07/25/2018 (P)   93,223 93,600
Park Place Securities, Inc.,      
Series 2005-WCW1, Class A1B      
0.510%, 09/25/2035 (P)   30,826 28,019
Penta CLO SA, Series 2007-1X,      
Class A1      
1.478%, 06/04/2024 (P) EUR 193,661 247,773

 

298

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Real Return Bond Trust (continued)  
  Shares or   
   Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
SLM Student Loan Trust      
Series 2010-C, Class A1,      
1.905%, 12/15/2017 (P)(S) $ 158,092 $ 159,281
Series 2009-C, Class A,      
4.500%, 11/16/2043 (P)(S)   479,674 465,798
Symphony CLO, Ltd., Series 2007-3A,      
Class A1A      
0.553%, 05/15/2019 (P)(S)   500,000 462,757
Truman Capital Mortgage Loan Trust,      
Series 2004-1, Class A1      
0.590%, 01/25/2034 (P)(S)    460 458
Venture CDO, Ltd., Series 2006-7A,      
Class A1A      
0.533%, 01/20/2022 (P)(S)   700,000 617,750
Wood Street CLO BV, Series II-A,      
Class A1      
1.763%, 03/29/2021 (P)(S) EUR 248,182 322,247
TOTAL ASSET BACKED SECURITIES (Cost $4,454,129) $ 4,489,500
 
PREFERRED SECURITIES - 0.49%      
Financials - 0.49%      
Wells Fargo & Company,      
Series L, 7.500%    600 $ 621,120
TOTAL PREFERRED SECURITIES (Cost $600,000)   $ 621,120
 
OPTIONS PURCHASED - 0.01%      
Put - 0.01%      
Over the Counter USD Purchased      
Options (Expiration Date: 11/19/2012;      
Strike Price : $2.00; Counterparty:      
Goldman Sachs Capital      
Markets LP) (I)   2,000,000 13,791
TOTAL OPTIONS PURCHASED (Cost $4,850)   $ 13,791
 
SHORT-TERM INVESTMENTS - 7.07%    
Commercial Paper* - 0.87%      
Banco Bradesco SA      
1.291%, 06/27/2011 $ 600,000 $ 597,870
Itau Unibanco SA      
1.110%, 04/20/2011   500,000 499,684
 
      1,097,554
Repurchase Agreement - 6.20%      
Bank of America Tri-Party Repurchase      
Agreement dated 03/31/2011 at      
0.140% to be repurchased at $500,002      
on 04/01/2011, collateralized by      
$508,000 U.S. Treasury Notes, 0.750%      
due 05/31/2012 (valued at $511,648,      
including interest)   500,000 500,000
BNP Paribas Tri-Party Repurchase      
Agreement dated 03/31/2011 at      
0.120% to be repurchased at $500,002      
on 04/01/2011, collateralized by      
$504,400 U.S. Treasury Bonds, 4.500%      
due 02/15/2036 (valued at $515.671,      
including interest)   500,000 500,000
Credit Suisse Tri-Party Repurchase      
Agreement dated 03/31/2011 at      
0.140% to be repurchased at $500,002      
on 04/01/2011, collateralized by      
$510,000 U.S. Treasury Notes, 0.875%      
due 04/30/2011 (valued at $512,180,      
including interest)   500,000 500,000

 

Real Return Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS (continued)    
Repurchase Agreement (continued)      
Deutsche Bank Tri-Party Repurchase      
Agreement dated 03/31/2011 at      
0.100% to be repurchased at $500,001      
on 04/01/2011, collateralized by      
$511,000 U.S. Treasury Notes, 0.750%      
due 03/31/2013 (valued at $510,840,      
including interest) $ 500,000 $ 500,000
JPMorgan Tri-Party Repurchase      
Agreement dated 03/31/2011 at      
0.140% to be repurchased at $500,002      
on 04/01/2011, collateralized by      
$503,100 U.S. Treasury Notes, 1.375%      
due 02/15/2013 (valued at $510,230,      
including interest)   500,000 500,000
RBS Greenwich Capital Tri-Party      
Repurchase Agreement dated      
03/31/2011 at 0.100% to be      
repurchased at $1,100,003 on      
04/01/2011, collateralized by      
$1,139,000 U.S. Treasury Notes,      
0.500% due 11/15/2013 (valued at      
$1,125,122, including interest)   1,100,000 1,100,000
Repurchase Agreement with State      
Street Corp. dated 03/31/2011 at      
0.010% to be repurchased at      
$4,195,001 on 04/01/2011,      
collateralized by $1,380,000 Federal      
Home Loan Mortgage Corp. Discount      
Notes, 0.010% due 09/30/2011 (valued      
at $1,378,275, including interest), and      
$2,905,000 U.S. Treasury Bills,      
0.010% due 09/22/2011 (valued at      
$2,902,095, including inetrest)   4,195,000 4,195,000
 
      7,795,000
TOTAL SHORT-TERM INVESTMENTS (Cost $8,892,554) $ 8,892,554
Total Investments (Real Return Bond Trust)    
(Cost $185,935,768) - 150.11%     $ 188,935,098
Other assets and liabilities, net - (50.11%)   (63,074,621)
 
TOTAL NET ASSETS - 100.00%     $ 125,860,477

 

Science & Technology Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 97.01%    
Consumer Discretionary - 6.16%    
Auto Components - 0.07%    
Johnson Controls, Inc. 7,845 $ 326,117
Automobiles - 0.01%    
Tesla Motors, Inc. (I) 1,106 30,636
Hotels, Restaurants & Leisure - 0.55%    
Ctrip.com International, Ltd., ADR (I)(L) 62,490 2,592,710
Internet & Catalog Retail - 4.68%    
Amazon.com, Inc. (I) 41,325 7,443,872
Liberty Media Corp. - Interactive, Series A (I) 176,800 2,835,872
Netflix, Inc. (I) 49,950 11,854,634
 
    22,134,378

 

299

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Science & Technology Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media - 0.85%    
Time Warner, Inc. 112,266 $ 4,007,896
    29,091,737
Health Care - 2.68%    
Biotechnology - 0.96%    
Amgen, Inc. (I) 46,900 2,506,805
Celgene Corp. (I) 35,800 2,059,574
 
    4,566,379
Health Care Equipment & Supplies - 1.28%    
Medtronic, Inc. 52,800 2,077,680
Stryker Corp. (L) 22,300 1,355,840
Zimmer Holdings, Inc. (I) 43,200 2,614,896
 
    6,048,416
Pharmaceuticals - 0.44%    
Pfizer, Inc. 102,000 2,071,620
 
    12,686,415
Industrials - 0.99%    
Aerospace & Defense - 0.26%    
Taser International, Inc. (I)(L) 303,100 1,233,617
Construction & Engineering - 0.37%    
Quanta Services, Inc. (I) 78,400 1,758,512
Electrical Equipment - 0.36%    
Cooper Industries PLC 23,285 1,511,197
SMA Solar Technology AG (L) 1,460 183,273
 
    1,694,470
    4,686,599
Information Technology - 86.23%    
Communications Equipment - 7.30%    
Acme Packet, Inc. (I) 45,705 3,243,227
ADTRAN, Inc. (L) 183,605 7,795,868
Alcatel-Lucent, SADR (I)(L) 251,300 1,460,053
BigBand Networks, Inc. (I) 49,600 126,480
Ciena Corp. (I) 37,900 983,884
Ixia (I) 11,600 184,208
Juniper Networks, Inc. (I) 60,952 2,564,860
Polycom, Inc. (I) 17,205 892,079
QUALCOMM, Inc. 177,445 9,729,309
Riverbed Technology, Inc. (I) 200,059 7,532,221
 
    34,512,189
Computers & Peripherals - 14.34%    
Apple, Inc. (I) 80,385 28,010,153
Dell, Inc. (I) 608,500 8,829,335
EMC Corp. (I) 282,430 7,498,517
Hewlett-Packard Company 276,320 11,320,830
NetApp, Inc. (I)(L) 50,000 2,409,000
SanDisk Corp. (I) 77,500 3,571,975
Seagate Technology PLC (I) 186,800 2,689,920
Synaptics, Inc. (I)(L) 127,200 3,436,944
 
    67,766,674
Electronic Equipment, Instruments & Components - 3.07%  
Amphenol Corp., Class A 34,792 1,892,337
Corning, Inc. 85,900 1,772,117
Dolby Laboratories, Inc., Class A (I) 24,600 1,210,566
Hitachi, Ltd. 1,101,000 5,677,822
Samsung Electro-Mechanics Company, Ltd. 420 44,907
TPK Holding Company, Ltd. (I) 110,000 3,025,454
Trimble Navigation, Ltd. (I) 17,400 879,396
 
    14,502,599

 

Science & Technology Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet Software & Services - 13.06%    
Akamai Technologies, Inc. (I) 72,900 $ 2,770,200
Baidu, Inc., SADR (I) 64,065 8,828,798
Bitauto Holdings, Ltd., ADR (I)(L) 12,600 151,074
ChinaCache International    
Holdings, Ltd., ADR (I) 100 1,823
eBay, Inc. (I) 75,045 2,329,397
Equinix, Inc. (I) 53,500 4,873,850
Facebook, Inc., Class B (I)(R) 33,516 837,900
Google, Inc., Class A (I) 41,425 24,283,749
Netease.com, Inc., ADR (I) 90,975 4,504,172
RealNetworks, Inc. (I) 560,600 2,085,432
SINA Corp. (I)(L) 39,385 4,215,770
Tencent Holdings, Ltd. 1,200 29,157
Yahoo!, Inc. (I) 278,654 4,639,589
Youku.com, Inc., Class A (I) 873,100 2,189,274
 
    61,740,185
IT Services - 4.12%    
Accenture PLC, Class A 137,000 7,530,890
Cognizant Technology    
Solutions Corp., Class A (I) 45,580 3,710,212
Genpact, Ltd. (I) 176,164 2,550,855
International Business Machines Corp. 34,700 5,658,529
 
    19,450,486
Semiconductors & Semiconductor Equipment - 19.21%  
Advanced Micro Devices, Inc. (I)(L) 241,500 2,076,900
Analog Devices, Inc. 108,725 4,281,591
Applied Materials, Inc. 237,100 3,703,502
ASML Holding NV -New York    
Registered Shares (I) 61,995 2,758,778
Atheros Communications, Inc. (I) 35,700 1,594,005
Atmel Corp. (I) 251,430 3,426,991
Avago Technologies, Ltd. 83,020 2,581,922
Broadcom Corp., Class A (I) 105,155 4,141,004
Cirrus Logic, Inc. (I)(L) 25,880 544,256
Cree, Inc. (I)(L) 46,200 2,132,592
Cypress Semiconductor Corp. (I) 126,235 2,446,434
First Solar, Inc. (I)(L) 35,060 5,639,050
Intel Corp. (L) 89,400 1,803,198
Intersil Corp., Class A 94,500 1,176,525
KLA-Tencor Corp. 52,170 2,471,293
Lam Research Corp. (I) 135,635 7,685,079
Marvell Technology Group, Ltd. (I) 340,900 5,300,995
MEMC Electronic Materials, Inc. (I) 168,500 2,183,760
Micron Technology, Inc. (I) 332,400 3,809,304
National Semiconductor Corp. 530,000 7,600,200
NVIDIA Corp. (I) 46,800 863,928
ON Semiconductor Corp. (I)(L) 685,915 6,769,981
Seoul Semiconductor Company, Ltd. 1,576 61,466
Skyworks Solutions, Inc. (I)(L) 148,145 4,802,861
Spansion, Inc., Class A (I) 52,205 974,667
SunPower Corp., Class A (I)(L) 28,800 493,632
SunPower Corp., Class B (I) 124,395 2,073,665
Texas Instruments, Inc. 153,230 5,295,629
Tokyo Electron, Ltd. 37,900 2,089,102
 
    90,782,310
Software - 25.13%    
Adobe Systems, Inc. (I) 131,100 4,347,276
Autodesk, Inc. (I) 39,377 1,736,919
Autonomy Corp. PLC (I) 119,800 3,057,447
Blackboard, Inc. (I)(L) 114,100 4,134,984
BMC Software, Inc. (I) 35,500 1,765,770
CA, Inc. 224,100 5,418,738
Check Point Software Technologies, Ltd. (I)(L) 36,100 1,842,905

 

300

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Science & Technology Trust (continued)
Shares or
Principal
Amount Value
COMMON STOCKS (continued)    
Software (continued)    
Citrix Systems, Inc. (I) 103,890 $ 7,631,759
CommVault Systems, Inc. (I) 40,500 1,615,140
Electronic Arts, Inc. (I) 246,986 4,823,637
Informatica Corp. (I) 62,375 3,257,846
Intuit, Inc. (I) 132,540 7,037,874
Longtop Financial Technologies, Ltd. (I)(L) 50,185 1,576,813
Microsoft Corp. 902,220 22,880,299
Monotype Imaging Holdings, Inc. (I) 30,900 448,050
Nintendo Company, Ltd. 49,600 13,398,798
Oracle Corp. 210,020 7,008,367
RealD, Inc. (I)(L) 24,400 667,584
Red Hat, Inc. (I) 26,500 1,202,835
Rovi Corp. (I) 11,914 639,186
Salesforce.com, Inc. (I)(L) 60,970 8,144,373
SuccessFactors, Inc. (I)(L) 130,922 5,117,741
TIBCO Software, Inc. (I) 334,910 9,126,298
UBISOFT Entertainment SA (I) 185,911 1,901,828
 
    118,782,467
    407,536,910
Materials - 0.70%    
Chemicals - 0.70%    
Monsanto Company 18,000 1,300,680
STR Holdings, Inc. (I)(L) 64,400 1,235,192
Wacker Chemie AG 3,450 775,967
 
    3,311,839
    3,311,839
Telecommunication Services - 0.25%    
Diversified Telecommunication Services - 0.22%    
China Unicom, Ltd. 634,000 1,054,316
Wireless Telecommunication Services - 0.03%    
American Tower Corp., Class A (I) 2,465 127,736
 
    1,182,052
TOTAL COMMON STOCKS (Cost $368,548,002) $ 458,495,552
 
PREFERRED SECURITIES - 0.43%    
Information Technology - 0.43%    
Internet Software & Services - 0.43%    
Angie’s List, Inc. (I) 8,678 615,116
Silver Spring Networks (I)(R) 38,600 235,460
Twitter, Inc. (I)(R) 78,144 1,193,259
 
    2,043,835
    2,043,835
TOTAL PREFERRED SECURITIES (Cost $1,417,426) $ 2,043,835
 
INVESTMENT COMPANIES - 0.02%    
Investment Companies - 0.02%    
iShares Asia Trust Fund 47,000 80,502
TOTAL INVESTMENT COMPANIES (Cost $85,390) $ 80,502
 
SECURITIES LENDING COLLATERAL - 8.77%    
John Hancock Collateral    
Investment Trust, 0.2867% (W)(Y) 4,143,451 41,463,096
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $41,463,785) $ 41,463,096

 

Science & Technology Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
SHORT-TERM INVESTMENTS - 2.56%    
Money Market Funds* - 0.54%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0248% $ 463,960 $ 463,960
T.Rowe Price Prime Reserve Fund, 0.1942% 2,078,060 2,078,060
 
      2,542,020
Repurchase Agreement - 2.02%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be      
repurchased at $9,525,003 on 04/01/2011,    
collateralized by $9,815,000 Federal Home    
Loan Bank, 0.800% due 11/18/2013 (valued    
at $9,716,850, including interest)   9,525,000 9,525,000
TOTAL SHORT-TERM INVESTMENTS (Cost $12,067,020) $ 12,067,020
Total Investments (Science & Technology Trust)    
(Cost $423,581,623) - 108.79%   $ 514,150,005
Other assets and liabilities, net - (8.79%)     (41,535,860)
 
TOTAL NET ASSETS - 100.00%   $ 472,614,145
 
 
 
Short Term Government Income Trust  
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 95.59%      
U.S. Government - 23.14%      
U.S. Treasury Notes      
0.750%, 08/15/2013 (L) $ 29,505,000 $ 29,332,130
1.125%, 12/15/2012   20,830,000 20,981,351
1.250%, 08/31/2015 to 09/30/2015   13,420,000 12,972,196
1.500%, 12/31/2013   3,680,000 3,711,339
1.750%, 03/31/2014   3,225,000 3,268,083
1.875%, 06/15/2012 to 06/30/2015   25,880,000 26,225,875
2.000%, 01/31/2016 (L)   5,840,000 5,788,900
2.125%, 05/31/2015   23,320,000 23,545,971
2.500%, 04/30/2015   11,425,000 11,722,233
 
      137,548,078
U.S. Government Agency - 72.45%      
Federal Agricultural Mortgage Corp.      
1.250%, 12/06/2013   14,930,000 14,869,617
2.125%, 09/15/2015   16,420,000 16,350,379
2.375%, 07/22/2015   20,010,000 19,882,516
3.250%, 08/11/2014   3,195,000 3,328,902
5.500%, 07/15/2011 (S)   14,730,000 14,954,426
Federal Farm Credit Bank      
1.550%, 03/10/2014   20,500,000 20,448,484
2.625%, 04/17/2014   7,910,000 8,192,347
3.875%, 10/07/2013   8,430,000 8,991,253
Federal Home Loan Bank      
1.000%, 11/18/2013   12,155,000 12,079,068
3.625%, 10/18/2013   7,765,000 8,219,672
1.625%, 04/14/2014   8,205,000 8,161,029
1.770%, 04/11/2014   6,565,000 6,548,607
Federal Home Loan Mortgage Corp.      
1.125%, 10/25/2013   23,000,000 22,881,458
2.667%, 11/01/2033 (P)   56,987 59,902
2.875%, 02/09/2015   6,680,000 6,910,012
4.239%, 09/01/2039 (P)   825,314 868,850
4.500%, 11/01/2024   6,968,218 7,293,217
5.398%, 01/01/2037 (P)   502,876 533,677
5.500%, 11/01/2035   1,243,292 1,329,111

 

301

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Short Term Government Income Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal Home Loan Mortgage Corp. (continued)    
5.571%, 05/01/2037 (P) $ 547,071 $ 580,579
6.000%, 11/01/2028 to 12/01/2028   346,566 378,078
6.500%, 11/01/2037 to 04/01/2039   1,403,206 1,568,562
7.000%, 05/01/2011 to 06/01/2032   526,803 597,364
9.000%, 10/01/2017   8,723 9,701
9.500%, 08/01/2020   39,452 45,687
12.000%, 07/01/2020   3,930 4,414
Federal National Mortgage Association      
1.250%, 02/27/2014   8,230,000 8,199,294
2.000%, 04/15/2013 to 01/28/2015   32,255,000 32,258,915
2.250%, 01/01/2033 (P)   27,500 28,630
2.375%, 07/28/2015   7,040,000 7,104,078
2.561%, 09/01/2033 (P)   209,636 219,489
2.625%, 03/14/2016   7,860,000 7,834,455
2.795%, 12/01/2036 (P)   65,121 68,526
3.150%, 10/01/2040 (P)   16,570,436 16,979,568
3.518%, 07/01/2039 (P)   72,672 75,748
4.197%, 08/01/2039 (P)   2,581,025 2,701,021
4.280%, 05/01/2034 (P)   180,451 191,035
4.500%, 06/01/2023 to 03/01/2026   20,239,404 21,212,298
4.948%, 04/01/2048 (P)   22,653 24,023
5.000%, 04/01/2019 to 03/01/2025   3,144,600 3,342,666
5.500%, 04/01/2018 to 05/01/2038   10,817,185 11,598,473
6.000%, 10/01/2036 to 03/01/2037   5,071,197 5,535,962
6.500%, 02/01/2026 to 01/01/2039   30,303,744 33,905,747
7.000%, 07/01/2022 to 07/01/2034   1,260,277 1,435,028
7.500%, 09/01/2029 to 07/01/2034   301,820 342,592
8.000%, 07/01/2014 to 03/01/2033   574,787 650,496
8.500%, 08/01/2019   138,205 157,101
9.000%, 05/01/2021   6,737 7,328
11.500%, 09/15/2013 to 09/01/2019   19,862 21,360
12.000%, 01/01/2013 to 04/20/2016   64,733 72,520
12.500%, 09/20/2015   7,931 8,767
13.500%, 11/15/2014   3,449 3,585
Government National Mortgage Association      
3.500%, 10/20/2039 (P)   3,206,724 3,333,956
3.750%, 10/20/2039 (P)   1,980,623 2,063,953
4.000%, 08/20/2039 to 12/20/2039 (P)   9,326,804 9,765,844
5.000%, 03/20/2040   259,115 274,897
6.000%, 09/15/2038 to 01/20/2039   1,442,580 1,578,925
6.500%, 02/15/2034 to 09/15/2034   609,442 688,929
7.500%, 02/15/2022 to 12/15/2027   258,237 294,395
8.000%, 12/15/2025   123,996 129,862
8.500%, 11/15/2015 to 06/15/2025   302,861 340,304
Tennessee Valley Authority      
4.375%, 06/15/2015   20,195,000 22,038,379
4.750%, 08/01/2013   6,925,000 7,494,214
6.000%, 03/15/2013   6,365,000 6,982,513
6.790%, 05/23/2012   30,729,000 32,952,796
7.140%, 05/23/2012   3,300,000 3,545,174
 
      430,549,758
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $564,464,076)   $ 568,097,836
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 3.38%      
U.S. Government Agency - 3.38%      
Federal Home Loan Mortgage Corp.      
Series 2525, Class AM,      
4.500%, 04/15/2032   692,679 687,844
Series 3499, Class PA,      
4.500%, 08/15/2036   1,736,528 1,806,739

 

Short Term Government Income Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal National Mortgage Association      
Series 2003-W14, Class 2A,      
4.223%, 01/25/2043 (P) $ 1,185,987 $ 1,216,749
Series 2010-53, Class MA,      
4.500%, 09/25/2037   4,639,595 4,859,119
Government National Mortgage Association    
Series 2010-88, Class BA,      
4.500%, 01/20/2036   9,515,376 9,963,430
Series 2010-91, Class GA,      
4.500%, 09/20/2036   1,462,339 1,537,575
 
      20,071,456
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $20,220,746)   $ 20,071,456
 
PREFERRED SECURITIES - 0.02%      
Financials - 0.02%      
Federal Home Loan Mortgage Corp., Series Z    
(8.375% to 12/31/2012, then higher of      
3 month LIBOR + 4.160%      
or 7.875%) (I)(Q)   39,750 67,575
Federal National Mortgage Association,      
Series S (8.250% to 12/31/2015, then the    
higher of 3 month LIBOR + 4.230%      
or 7.750%) (I)(Q)   28,575 48,578
 
      116,153
TOTAL PREFERRED SECURITIES (Cost $1,708,125) $ 116,153
 
SECURITIES LENDING COLLATERAL - 0.87%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   518,386 5,187,436
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $5,187,125)   $ 5,187,436
 
SHORT-TERM INVESTMENTS - 2.94%    
U.S. Government & Agency      
Obligations* - 2.02%      
Federal Home Loan Bank Discount Notes,      
0.0011%, 04/01/2011 $ 12,000,000 $ 12,000,000
 
REPURCHASE AGREEMENT - 0.92%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be      
repurchased at $5,435,002 on 04/01/2011,    
collateralized by $5,320,000 U.S. Treasury    
Note, 3.125% due 04/30/2017 (valued at      
$5,544,583, including interest)   5,435,000 5,435,000
TOTAL SHORT-TERM INVESTMENTS (Cost $17,435,000) $ 17,435,000
Total Investments (Short Term Government Income Trust)    
(Cost $609,015,072) - 102.80%   $ 610,907,881
Other assets and liabilities, net - (2.80%)     (16,614,988)
 
TOTAL NET ASSETS - 100.00%   $ 594,292,893

 

302

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Growth Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 99.08%    
Consumer Discretionary - 18.88%    
Automobiles - 0.97%    
Thor Industries, Inc. 135,548 $ 4,523,237
Distributors - 0.72%    
LKQ Corp. (I) 139,300 3,357,130
Diversified Consumer Services - 1.48%    
Estacio Participacoes SA 311,490 5,055,882
Weight Watchers International, Inc. 26,000 1,822,600
 
    6,878,482
Hotels, Restaurants & Leisure - 2.65%    
AFC Enterprises, Inc. (I) 141,951 2,147,719
Domino’s Pizza UK & IRL PLC 517,082 3,552,334
Domino’s Pizza, Inc. (I) 177,770 3,276,301
The Cheesecake Factory, Inc. (I)(L) 111,202 3,346,068
 
    12,322,422
Household Durables - 2.22%    
Tempur-Pedic International, Inc. (I) 204,308 10,350,243
Internet & Catalog Retail - 0.84%    
Shutterfly, Inc. (I) 74,666 3,909,512
Leisure Equipment & Products - 1.20%    
Brunswick Corp. 220,858 5,616,419
Media - 0.96%    
Cinemark Holdings, Inc. 230,560 4,461,336
Multiline Retail - 1.16%    
Big Lots, Inc. (I) 124,042 5,387,144
Specialty Retail - 3.19%    
Dick’s Sporting Goods, Inc. (I) 119,150 4,763,617
Lumber Liquidators Holdings, Inc. (I)(L) 136,722 3,416,683
The Children’s Place Retail Stores, Inc. (I) 38,136 1,900,317
Ulta Salon, Cosmetics & Fragrance, Inc. (I) 98,850 4,757,651
 
    14,838,268
Textiles, Apparel & Luxury Goods - 3.49%    
Columbia Sportswear Company (L) 66,750 3,966,285
Hanesbrands, Inc. (I) 273,472 7,394,683
Under Armour, Inc., Class A (I)(L) 71,700 4,879,185
 
    16,240,153
    87,884,346
Consumer Staples - 3.36%    
Food & Staples Retailing - 0.57%    
Fresh Market, Inc. (I)(L) 70,300 2,653,122
Food Products - 2.79%    
Green Mountain Coffee Roasters, Inc. (I)(L) 200,940 12,982,733
 
    15,635,855
Energy - 5.83%    
Energy Equipment & Services - 3.03%    
Global Industries, Ltd. (I) 294,087 2,879,112
Gulfmark Offshore, Inc., Class A (I) 81,684 3,635,755
Hornbeck Offshore Services, Inc. (I)(L) 72,600 2,239,710
Tidewater, Inc. 89,630 5,364,356
 
    14,118,933
Oil, Gas & Consumable Fuels - 2.80%    
Cabot Oil & Gas Corp. (L) 99,730 5,282,698
James River Coal Company (I) 119,404 2,885,995
Rosetta Resources, Inc. (I) 102,510 4,873,325
 
    13,042,018
    27,160,951

 

Small Cap Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Financials - 1.81%    
Capital Markets - 0.69%    
Evercore Partners, Inc., Class A 92,001 $ 3,154,714
Stifel Financial Corp. (I) 765 54,919
 
    3,209,633
Consumer Finance - 0.40%    
Green Dot Corp., Class A (I)(L) 42,920 1,841,697
Diversified Financial Services - 0.72%    
Justice Holdings, Ltd. (I) 212,905 3,372,727
 
    8,424,057
Health Care - 14.77%    
Biotechnology - 4.04%    
Ardea Biosciences, Inc. (I)(L) 50,808 1,457,682
Exelixis, Inc. (I) 199,000 2,248,700
Incyte Corp. (I)(L) 148,740 2,357,529
Onyx Pharmaceuticals, Inc. (I) 65,780 2,314,140
Pharmasset, Inc. (I) 41,400 3,258,594
Regeneron Pharmaceuticals, Inc. (I) 95,680 4,299,859
Seattle Genetics, Inc. (I)(L) 184,890 2,878,737
 
    18,815,241
Health Care Equipment & Supplies - 4.40%    
Gen-Probe, Inc. (I) 108,930 7,227,506
HeartWare International, Inc. (I)(L) 41,575 3,555,910
NuVasive, Inc. (I)(L) 90,520 2,291,966
Volcano Corp. (I) 144,240 3,692,544
Zoll Medical Corp. (I) 82,980 3,718,334
 
    20,486,260
Health Care Providers & Services - 1.28%    
WellCare Health Plans, Inc. (I) 141,980 5,956,061
Health Care Technology - 1.96%    
Allscripts-Misys Healthcare Solutions, Inc. (I) 153,510 3,222,175
SXC Health Solutions Corp. (I) 108,200 5,929,360
 
    9,151,535
Life Sciences Tools & Services - 1.98%    
Parexel International Corp. (I) 112,910 2,811,459
Pharmaceutical Product Development, Inc. (L) 231,190 6,406,275
 
    9,217,734
Pharmaceuticals - 1.11%    
Auxilium Pharmaceuticals, Inc. (I)(L) 94,200 2,022,474
Salix Pharmaceuticals, Ltd. (I) 89,430 3,132,733
 
    5,155,207
 
    68,782,038
Industrials - 20.15%    
Aerospace & Defense - 0.91%    
AerCap Holdings NV (I) 60,119 755,696
DigitalGlobe, Inc. (I) 124,430 3,487,773
 
    4,243,469
Airlines - 0.95%    
Copa Holdings SA, Class A 84,120 4,441,536
Building Products - 0.97%    
Trex Company, Inc. (I)(L) 139,071 4,536,496
Commercial Services & Supplies - 2.60%    
Corrections Corp. of America (I) 146,560 3,576,064
Sykes Enterprises, Inc. (I) 232,405 4,594,647
The Geo Group, Inc. (I) 153,620 3,938,817
 
    12,109,528

 

303

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Construction & Engineering - 1.83%    
Aecom Technology Corp. (I) 198,820 $ 5,513,279
Foster Wheeler AG (I) 79,380 2,986,276
 
    8,499,555
Machinery - 2.22%    
Commercial Vehicle Group, Inc. (I) 165,351 2,949,862
Meritor, Inc. (I) 293,020 4,972,549
Sauer-Danfoss, Inc. (I) 47,400 2,414,082
 
    10,336,493
Professional Services - 2.09%    
The Advisory Board Company (I) 116,980 6,024,470
TrueBlue, Inc. (I) 219,197 3,680,318
 
    9,704,788
Road & Rail - 6.06%    
Con-way, Inc. (L) 103,217 4,055,396
J.B. Hunt Transport Services, Inc. 152,550 6,928,821
Localiza Rent A Car SA 284,190 4,560,548
Old Dominion Freight Line, Inc. (I) 150,710 5,288,414
Vitran Corp., Inc. (I) 211,549 2,980,725
Werner Enterprises, Inc. 166,566 4,409,002
 
    28,222,906
Trading Companies & Distributors - 2.52%    
RSC Holdings, Inc. (I) 216,925 3,119,382
Rush Enterprises, Inc., Class A (I) 50,195 993,861
United Rentals, Inc. (I)(L) 228,290 7,597,491
 
    11,710,734
    93,805,505
Information Technology - 32.37%    
Communications Equipment - 6.90%    
AAC Acoustic Technologies Holdings, Inc. 1,275,290 3,450,867
Acme Packet, Inc. (I) 65,750 4,665,620
ADTRAN, Inc. 103,280 4,385,269
Aruba Networks, Inc. (I)(L) 126,510 4,281,098
Finisar Corp. (I)(L) 112,140 2,758,644
Ixia (I) 116,420 1,848,750
JDS Uniphase Corp. (I) 128,570 2,679,399
Polycom, Inc. (I) 155,210 8,047,639
 
    32,117,286
Electronic Equipment, Instruments & Components - 1.86%  
Jabil Circuit, Inc. (L) 423,770 8,657,621
Internet Software & Services - 3.60%    
Ancestry.com, Inc. (I)(L) 88,076 3,122,294
Demand Media, Inc. (I)(L) 142,230 3,349,517
Dice Holdings, Inc. (I) 284,260 4,295,169
LivePerson, Inc. (I) 85,100 1,075,664
Quinstreet, Inc. (I)(L) 216,773 4,927,250
 
    16,769,894
IT Services - 2.58%    
Forrester Research, Inc. 107,630 4,121,153
Gartner, Inc. (I) 63,500 2,646,045
Hisoft Technology International, Ltd., ADR (I) 113,765 2,130,818
Syntel, Inc. 59,350 3,099,851
 
    11,997,867
Semiconductors & Semiconductor Equipment - 5.01%  
Applied Micro Circuits Corp. (I) 306,920 3,185,830
Cavium Networks, Inc. (I)(L) 135,480 6,087,116
Cymer, Inc. (I) 82,000 4,639,560
Cypress Semiconductor Corp. (I) 184,550 3,576,579

 

Small Cap Growth Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Semiconductors & Semiconductor Equipment (continued)    
Skyworks Solutions, Inc. (I)(L)   180,860 $ 5,863,481
 
      23,352,566
Software - 12.42%      
Ariba, Inc. (I)   141,510 4,831,151
BroadSoft, Inc. (I)   85,400 4,072,726
Cadence Design Systems, Inc. (I)   556,280 5,423,730
CommVault Systems, Inc. (I)   76,960 3,069,165
Concur Technologies, Inc. (I)   89,020 4,936,159
Fortinet, Inc. (I)   49,760 2,189,440
Parametric Technology Corp. (I)   156,830 3,527,107
Quest Software, Inc. (I)   83,410 2,117,780
RealD, Inc. (I)(L)   135,630 3,710,837
RealPage, Inc. (I)   115,160 3,193,387
SuccessFactors, Inc. (I)(L)   199,970 7,816,827
TIBCO Software, Inc. (I)   205,710 5,605,598
Totvs SA   171,700 3,296,968
Velti PLC (I)(L)   320,939 4,040,622
 
      57,831,497
 
      150,726,731
Materials - 1.91%      
Chemicals - 1.91%      
LSB Industries, Inc. (I)   94,890 3,761,440
Methanex Corp.   164,650 5,142,014
 
      8,903,454
 
      8,903,454
TOTAL COMMON STOCKS (Cost $361,306,803) $ 461,322,937
 
SECURITIES LENDING COLLATERAL - 18.05%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   8,396,342 84,021,352
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $84,023,765)   $ 84,021,352
 
SHORT-TERM INVESTMENTS - 2.25%    
Repurchase Agreement - 2.25%      
Bank of New York Tri-Party Repurchase      
Agreement dated 03/31/2011 at 0.150% to    
be repurchased at $10,500,044 on      
04/01/2011, collateralized by $10,678,977    
Federal Home Loan Mortage Corp., 3.500%    
due 01/01/2026 (valued at $10,710,001,      
including interest) $ 10,500,000 $ 10,500,000
TOTAL SHORT-TERM INVESTMENTS (Cost $10,500,000) $ 10,500,000
Total Investments (Small Cap Growth Trust)    
(Cost $455,830,568) - 119.38%   $ 555,844,289
Other assets and liabilities, net - (19.38%)   (90,229,108)
 
TOTAL NET ASSETS - 100.00%   $ 465,615,181

 

304

 


John Hancock Variable Insurance Trust (Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 99.34%    
Consumer Discretionary - 12.99%    
Auto Components - 0.95%    
American Axle &    
Manufacturing Holdings, Inc. (I) 39,291 $ 494,674
Amerigon, Inc. (I)(L) 14,629 223,385
Cooper Tire & Rubber Company 39,619 1,020,189
Dana Holding Corp. (I) 90,740 1,577,969
Dorman Products, Inc. (I) 7,311 307,720
Drew Industries, Inc. 12,653 282,541
Exide Technologies (I) 49,227 550,358
Fuel Systems Solutions, Inc. (I) 9,329 281,549
Modine Manufacturing Company (I) 30,145 486,540
Spartan Motors, Inc. 23,732 162,802
Standard Motor Products, Inc. 13,109 181,297
Stoneridge, Inc. (I) 10,206 149,212
Superior Industries International, Inc. 15,178 389,164
Tenneco, Inc. (I) 38,783 1,646,338
 
    7,753,738
Automobiles - 0.03%    
Winnebago Industries, Inc. (I) 19,447 260,006
Commercial Services & Supplies - 0.00%    
Actrade Financial Technologies, Ltd. (I) 722 0
Distributors - 0.15%    
Audiovox Corp., Class A (I) 10,764 86,112
Core-Mark Holding Company, Inc. (I)(L) 7,245 239,447
Pool Corp. 32,721 788,903
Weyco Group, Inc. 5,069 123,988
 
    1,238,450
Diversified Consumer Services - 1.09%    
American Public Education, Inc. (I)(L) 12,059 487,787
Archipelago Learning, Inc. (I) 8,678 74,197
Bridgepoint Education, Inc. (I)(L) 12,827 219,342
Capella Education Company (I)(L) 10,939 544,653
Coinstar, Inc. (I)(L) 20,590 945,493
Corinthian Colleges, Inc. (I)(L) 56,727 250,733
CPI Corp. (L) 3,848 86,618
Grand Canyon Education, Inc. (I)(L) 20,340 294,930
K12, Inc. (I) 16,469 555,005
Lincoln Educational Services Corp. 10,959 174,139
Mac-Gray Corp. 8,686 140,105
Matthews International Corp., Class A 19,658 757,816
Pre-Paid Legal Services, Inc. (I)(L) 4,947 326,502
Regis Corp. (L) 35,671 632,804
Sotheby’s 43,580 2,292,308
Steiner Leisure, Ltd. (I) 9,819 454,227
Stewart Enterprises, Inc., Class A (L) 53,004 404,951
Universal Technical Institute, Inc. 13,848 269,344
 
    8,910,954
Hotels, Restaurants & Leisure - 2.28%    
AFC Enterprises, Inc. (I) 17,697 267,756
Ambassadors Group, Inc. 14,262 156,169
Ameristar Casinos, Inc. 17,650 313,288
Biglari Holdings, Inc. (I) 944 399,831
BJ’s Restaurants, Inc. (I)(L) 14,734 579,488
Bob Evans Farms, Inc. 19,999 651,967
Boyd Gaming Corp. (I)(L) 35,318 330,930
Buffalo Wild Wings, Inc. (I)(L) 11,931 649,404
California Pizza Kitchen, Inc. (I) 13,008 219,575
CEC Entertainment, Inc. 14,503 547,198
Churchill Downs, Inc. (L) 7,433 308,470
Cracker Barrel Old Country Store, Inc. 15,591 766,142
Denny’s Corp. (I) 67,326 273,344
DineEquity, Inc. (I) 11,723 644,531

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Domino’s Pizza, Inc. (I) 24,750 $ 456,143
Gaylord Entertainment Company (I)(L) 22,561 782,415
Interval Leisure Group, Inc. (I) 26,569 434,403
Isle of Capri Casinos, Inc. (I) 11,213 106,524
Jack in the Box, Inc. (I) 35,883 813,826
Jamba, Inc. (I) 43,139 94,906
Krispy Kreme Doughnuts, Inc. (I) 38,693 272,399
Life Time Fitness, Inc. (I)(L) 27,243 1,016,436
Marcus Corp. 14,133 154,050
McCormick & Schmick’s    
Seafood Restaurants, Inc. (I) 11,097 80,120
Monarch Casino & Resort, Inc. (I) 7,161 74,474
Morgans Hotel Group Company (I)(L) 15,723 154,085
Multimedia Games, Inc. (I) 21,411 122,685
O’Charley’s, Inc. (I)(L) 13,046 77,885
Orient-Express Hotels, Ltd., Class A (I) 59,015 730,016
P.F. Chang’s China Bistro, Inc. (L) 15,105 697,700
Papa John’s International, Inc. (I) 14,215 450,189
Peet’s Coffee & Tea, Inc. (I)(L) 7,877 378,805
Pinnacle Entertainment, Inc. (I) 39,786 541,885
Red Robin Gourmet Burgers, Inc. (I) 10,575 284,468
Ruby Tuesday, Inc. (I) 42,106 552,010
Ruth’s Hospitality Group, Inc. (I)(L) 21,847 112,731
Scientific Games Corp., Class A (I) 42,823 374,273
Shuffle Master, Inc. (I) 35,894 383,348
Sonic Corp. (I) 41,033 371,349
Speedway Motorsports, Inc. 3,794 60,628
Texas Roadhouse, Inc., Class A 37,502 637,159
The Cheesecake Factory, Inc. (I)(L) 39,205 1,179,678
Vail Resorts, Inc. (I) 23,622 1,151,809
 
    18,654,492
Household Durables - 0.68%    
American Greetings Corp., Class A (L) 25,793 608,715
Beazer Homes USA, Inc. (I)(L) 49,365 225,598
Blyth, Inc. 3,696 120,083
Cavco Industries, Inc. (I) 4,684 211,529
CSS Industries, Inc. 6,074 114,495
Ethan Allen Interiors, Inc. (L) 16,255 355,985
Furniture Brands International, Inc. (I)(L) 29,563 134,512
Helen of Troy, Ltd. (I) 19,916 585,530
Hooker Furniture Corp. 7,967 95,285
Hovnanian Enterprises, Inc., Class A (I)(L) 35,938 126,861
iRobot Corp. (I) 13,869 456,151
Kid Brands, Inc. (I) 9,664 71,030
La-Z-Boy, Inc. (I) 33,651 321,367
Libbey, Inc. (I) 11,504 189,816
Lifetime Brands, Inc. (I) 6,965 104,475
M/I Homes, Inc. (I) 12,856 192,711
Meritage Homes Corp. (I) 21,070 508,419
Ryland Group, Inc. 28,829 458,381
Sealy Corp. (I)(L) 33,367 84,752
Skyline Corp. 5,314 106,546
Standard Pacific Corp. (I)(L) 70,502 262,972
Universal Electronics, Inc. (I) 9,035 267,075
 
    5,602,288
Internet & Catalog Retail - 0.41%    
Blue Nile, Inc. (I)(L) 8,330 449,737
drugstore.com, Inc. (I) 64,720 249,172
Gaiam, Inc., Class A 12,342 81,457
HSN, Inc. (I) 25,270 809,398
NutriSystem, Inc. (L) 17,848 258,618
Orbitz Worldwide, Inc. (I) 11,404 40,712
Overstock.com, Inc. (I)(L) 9,980 156,886

 

305

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet & Catalog Retail (continued)    
PetMed Express, Inc. 15,527 $ 246,258
Shutterfly, Inc. (I) 17,644 923,840
US Auto Parts Network, Inc. (I) 7,660 66,642
Vitacost.com, Inc. (I) 10,741 61,224
 
    3,343,944
Leisure Equipment & Products - 0.68%    
Arctic Cat, Inc. (I) 8,455 131,475
Brunswick Corp. 57,604 1,464,870
Callaway Golf Company (L) 42,944 292,878
Eastman Kodak Company (I)(L) 175,244 566,038
Jakks Pacific, Inc. (I)(L) 18,608 360,065
Leapfrog Enterprises, Inc. (I) 23,521 101,611
Polaris Industries, Inc. (L) 20,265 1,763,460
RC2 Corp. (I) 14,321 402,420
Smith & Wesson Holding Corp. (I)(L) 40,126 142,447
Sturm Ruger & Company, Inc. 13,456 309,084
 
    5,534,348
Media - 1.18%    
AH Belo Corp. (I) 12,551 104,926
Arbitron, Inc. 17,462 699,004
Ascent Media Corp., Class A (I) 9,616 469,742
Ballantyne of Omaha, Inc. (I) 11,040 79,157
Belo Corp., Class A (I) 60,377 531,921
Carmike Cinemas, Inc. (I) 7,733 55,291
Cinemark Holdings, Inc. 36,752 711,151
CKX, Inc. (I) 37,211 157,030
Cumulus Media, Inc., Class A (I)(L) 17,034 73,928
Dex One Corp. (I) 33,367 161,496
Entercom Communications Corp., Class A (I) 16,100 177,422
Entravision    
Communications Corp., Class A (I) 35,393 95,915
EW Scripps Company (I) 21,069 208,583
Fisher Communications, Inc. (I) 5,356 166,464
Global Sources, Ltd. (I) 15,968 185,708
Gray Television, Inc. (I) 35,755 74,013
Harte-Hanks, Inc. 25,579 304,390
Journal Communications, Inc., Class A (I) 29,323 175,938
Knology, Inc. (I) 20,386 263,183
Lee Enterprises, Inc. (I)(L) 32,601 88,023
LIN TV Corp., Class A (I) 22,067 130,857
Lions Gate Entertainment Corp. (I)(L) 47,100 294,375
Live Nation Entertainment, Inc. (I)(L) 91,208 912,080
LodgeNet Interactive Corp. (I)(L) 18,233 66,368
Martha Stewart Living    
Omnimedia, Inc., Class A (I)(L) 20,255 75,146
Media General, Inc., Class A (I)(L) 15,366 105,718
National CineMedia, Inc. 32,901 614,262
Rentrak Corp. (I) 6,622 178,264
Scholastic Corp. (L) 19,343 523,035
Sinclair Broadcast Group, Inc., Class A 31,137 390,458
SuperMedia, Inc. (I)(L) 8,929 55,717
The McClatchy Company, Class A (I)(L) 39,870 135,558
Valassis Communications, Inc. (I) 32,452 945,651
Warner Music Group Corp. (I)(L) 29,366 198,808
World Wrestling    
Entertainment, Inc., Class A (L) 16,800 211,176
 
    9,620,758
Multiline Retail - 0.43%    
99 Cents Only Stores (I) 29,592 580,003
Dillard’s, Inc., Class A (L) 28,185 1,130,782
Fred’s, Inc., Class A 26,172 348,611
Retail Ventures, Inc. (I) 15,076 260,061
Saks, Inc. (I)(L) 88,127 996,716

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Multiline Retail (continued)    
The Bon-Ton Stores, Inc. (L) 8,257 $ 127,984
Tuesday Morning Corp. (I) 20,687 101,366
 
    3,545,523
Specialty Retail - 3.07%    
Americas Car-Mart, Inc. (I) 6,595 170,019
Ann, Inc. (I) 38,193 1,111,798
Asbury Automotive Group, Inc. (I) 19,094 353,048
Ascena Retail Group, Inc. (I) 38,519 1,248,401
Barnes & Noble, Inc. (L) 25,113 230,788
Bebe Stores, Inc. 21,724 127,085
Big 5 Sporting Goods Corp. 15,106 180,064
Borders Group, Inc. (I) 36,758 9,557
Brown Shoe Company, Inc. 28,311 345,960
Build-A-Bear Workshop, Inc. (I) 12,554 75,952
Cabela’s, Inc. (I) 26,212 655,562
Casual Male Retail Group, Inc. (I) 28,798 141,398
Charming Shoppes, Inc. (I) 75,717 322,554
Christopher & Banks Corp. 24,466 158,540
Citi Trends, Inc. (I) 9,880 220,225
Coldwater Creek, Inc. (I)(L) 40,339 106,495
Collective Brands, Inc. (I) 42,189 910,439
Destination Maternity Corp. 7,062 162,920
DSW, Inc., Class A (I)(L) 9,189 367,192
Express, Inc. 10,526 205,678
Genesco, Inc. (I) 15,698 631,060
Group 1 Automotive, Inc. (L) 16,052 687,026
Haverty Furniture Companies, Inc. 12,649 167,726
hhgregg, Inc. (I)(L) 8,696 116,439
Hibbett Sports, Inc. (I) 18,864 675,520
Hot Topic, Inc. 30,446 173,542
Jos. A. Bank Clothiers, Inc. (I) 17,920 911,770
Kirkland’s, Inc. (I) 11,430 176,479
Lithia Motors, Inc., Class A 14,249 207,750
Lumber Liquidators Holdings, Inc. (I)(L) 14,719 367,828
MarineMax, Inc. (I) 15,595 153,767
Midas, Inc. (I) 10,935 83,871
Monro Muffler Brake, Inc. 19,483 642,549
New York & Company, Inc. (I) 14,659 102,760
OfficeMax, Inc. (I) 55,152 713,667
Pacific Sunwear of California, Inc. (I)(L) 43,543 157,190
Penske Automotive Group, Inc. (I) 28,817 576,916
Pep Boys - Manny, Moe & Jack 34,286 435,775
Pier 1 Imports, Inc. (I) 68,126 691,479
Rent-A-Center, Inc. 42,671 1,489,645
Rue21, Inc. (I)(L) 9,747 280,714
Sally Beauty Holdings, Inc. (I)(L) 61,654 863,773
Select Comfort Corp. (I) 35,708 430,638
Shoe Carnival, Inc. (I) 6,192 173,686
Sonic Automotive, Inc. (L) 26,111 365,815
Stage Stores, Inc. 25,269 485,670
Stein Mart, Inc. 17,905 181,020
Systemax, Inc. (I) 7,469 100,981
Talbots, Inc. (I) 46,051 278,148
The Buckle, Inc. (L) 16,971 685,628
The Cato Corp., Class A 18,310 448,595
The Children’s Place Retail Stores, Inc. (I) 18,020 897,937
The Finish Line, Inc., Class A 33,138 657,789
The Men’s Wearhouse, Inc. 34,104 922,854
The Wet Seal, Inc., Class A (I) 67,756 289,996
Ulta Salon, Cosmetics & Fragrance, Inc. (I) 20,456 984,547
Vitamin Shoppe, Inc. (I) 10,464 353,997
West Marine, Inc. (I)(L) 10,662 111,205
Zumiez, Inc. (I)(L) 13,435 355,087
 
    25,134,514

 

306

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods - 2.04%    
Carter’s, Inc. (I) 38,538 $ 1,103,343
Cherokee, Inc. 6,555 113,139
Columbia Sportswear Company (L) 7,351 436,796
CROCS, Inc. (I)(L) 55,771 994,955
Culp, Inc. (I) 7,201 66,825
Deckers Outdoor Corp. (I) 25,125 2,164,519
G-III Apparel Group, Ltd. (I) 10,100 379,558
Iconix Brand Group, Inc. (I) 47,053 1,010,698
Joe’s Jeans, Inc. (I) 33,561 35,575
K-Swiss, Inc., Class A (I)(L) 17,178 193,596
Liz Claiborne, Inc. (I)(L) 61,818 333,199
Maidenform Brands, Inc. (I)(L) 15,098 431,350
Movado Group, Inc. (L) 10,812 158,720
Oxford Industries, Inc. 9,262 316,668
Perry Ellis International, Inc. (I) 6,795 186,998
Quiksilver, Inc. (I)(L) 84,501 373,494
RG Barry Corp. 7,884 103,202
Skechers U.S.A., Inc., Class A (I) 22,486 461,862
Steven Madden, Ltd. (I) 15,969 749,425
The Jones Group, Inc. 56,556 777,645
The Timberland Company, Class A (I) 26,875 1,109,669
The Warnaco Group, Inc. (I) 28,794 1,646,729
True Religion Apparel, Inc. (I)(L) 16,817 394,695
Under Armour, Inc., Class A (I)(L) 22,832 1,553,718
Unifi, Inc. (I) 9,464 160,888
Volcom, Inc. (L) 12,797 237,128
Wolverine World Wide, Inc. 32,179 1,199,633
 
    16,694,027
    106,293,042
Consumer Staples - 2.85%    
Beverages - 0.15%    
Boston Beer Company, Inc. (I) 5,644 522,747
Coca-Cola Bottling Company Consolidated 3,062 204,664
Heckmann Corp. (I) 58,958 386,175
MGP Ingredients, Inc. 6,994 60,988
National Beverage Corp. 5,224 71,726
 
    1,246,300
Food & Staples Retailing - 0.79%    
Casey’s General Stores, Inc. 25,006 975,234
Ingles Markets, Inc. 9,429 186,788
Nash Finch Company 8,419 319,417
Pricesmart, Inc. 10,592 388,091
Rite Aid Corp. (I)(L) 367,085 389,110
Ruddick Corp. (L) 28,837 1,112,820
Spartan Stores, Inc. 15,572 230,310
The Andersons, Inc. 12,073 588,197
The Great Atlantic & Pacific    
Tea Company, Inc. (I) 23,814 5,477
The Pantry, Inc. (I) 15,488 229,687
United Natural Foods, Inc. (I) 29,744 1,333,126
Village Super Market, Inc. 5,249 152,746
Weis Markets, Inc. 7,448 301,346
Winn-Dixie Stores, Inc. (I)(L) 36,025 257,219
 
    6,469,568
Food Products - 1.22%    
B&G Foods, Inc. (L) 31,658 594,221
Cal-Maine Foods, Inc. (L) 9,517 280,752
Calavo Growers, Inc. 7,770 169,775
Chiquita Brands International, Inc. (I)(L) 29,531 453,006
Darling International, Inc. (I) 54,047 830,702
Diamond Foods, Inc. (L) 14,380 802,404
Dole Food Company, Inc. (I)(L) 23,825 324,735

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products (continued)    
Fresh Del Monte Produce, Inc. 25,748 $ 672,280
Imperial Sugar Company 9,174 122,381
J & J Snack Foods Corp. 9,475 445,988
John B. Sanfilippo & Son, Inc. (I)(L) 6,635 77,630
Lancaster Colony Corp. 12,625 765,075
Limoneira Company (L) 5,768 136,702
Pilgrim’s Pride Corp. (I) 31,930 246,180
Sanderson Farms, Inc. (L) 14,909 684,621
Seneca Foods Corp., Class A (I)(L) 6,079 181,580
Smart Balance, Inc. (I) 43,016 197,443
Snyders-Lance, Inc. 17,215 341,718
The Hain Celestial Group, Inc. (I) 26,785 864,620
Tootsie Roll Industries, Inc. (L) 16,269 461,385
TreeHouse Foods, Inc. (I)(L) 22,687 1,290,210
 
    9,943,408
Household Products - 0.15%    
Central Garden & Pet Company, Class A (I) 37,099 341,682
Oil-Dri Corp of America 4,345 92,549
Spectrum Brands Holdings, Inc. (I) 11,902 330,400
WD-40 Company 11,109 470,355
 
    1,234,986
Personal Products - 0.33%    
Elizabeth Arden, Inc. (I) 16,058 481,901
Inter Parfums, Inc. 9,783 181,083
Medifast, Inc. (I)(L) 8,995 177,651
Nu Skin Enterprises, Inc., Class A 31,872 916,320
Nutraceutical International Corp. (I) 7,362 110,283
Prestige Brands Holdings, Inc. (I) 27,586 317,239
Revlon, Inc. (I) 7,656 121,501
Synutra International, Inc. (I)(L) 12,771 146,867
The Female Health Company 15,038 75,040
USANA Health Sciences, Inc. (I)(L) 4,103 141,595
 
    2,669,480
Tobacco - 0.21%    
Alliance One International, Inc. (I)(L) 59,297 238,374
Star Scientific, Inc. (I)(L) 65,499 297,365
Universal Corp. (L) 15,605 679,442
Vector Group, Ltd. (L) 29,746 514,308
 
    1,729,489
 
    23,293,231
Energy - 6.99%    
Energy Equipment & Services - 2.46%    
Basic Energy Services, Inc. (I) 15,242 388,823
Bristow Group, Inc. (I) 23,378 1,105,779
Cal Dive International, Inc. (I) 62,147 433,786
CARBO Ceramics, Inc. (L) 12,371 1,745,796
Complete Production Services, Inc. (I)(L) 50,552 1,608,059
Dawson Geophysical Company (I) 5,648 247,834
Dril-Quip, Inc. (I) 22,035 1,741,426
Global Industries, Ltd. (I)(L) 66,456 650,604
Gulf Islands Fabrication, Inc. 9,552 307,288
Gulfmark Offshore, Inc., Class A (I) 15,309 681,404
Helix Energy Solutions Group, Inc. (I)(L) 67,919 1,168,207
Hercules Offshore, Inc. (I) 75,831 501,243
Hornbeck Offshore Services, Inc. (I) 15,379 474,442
ION Geophysical Corp. (I) 82,671 1,049,095
Key Energy Services, Inc. (I) 81,262 1,263,624
Lufkin Industries, Inc. 19,471 1,819,954
Matrix Service Company (I) 18,220 253,258
Natural Gas Services Group, Inc. (I) 9,091 161,456
Newpark Resources, Inc. (I) 58,492 459,747

 

307

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy Equipment & Services (continued)    
OYO Geospace Corp. (I) 2,724 $ 268,532
Parker Drilling Company (I) 76,249 526,881
PHI, Inc. (I) 9,591 212,153
Pioneer Drilling Company (I) 36,068 497,738
RPC, Inc. (L) 28,560 723,139
Seahawk Drilling, Inc. (I)(L) 7,748 47,495
Tesco Corp. (I) 19,972 438,385
TetraTechnologies, Inc. (I) 49,526 762,700
Union Drilling, Inc. (I) 8,705 89,226
Vantage Drilling Company (I) 89,053 160,295
Willbros Group, Inc. (I) 30,035 327,982
 
    20,116,351
Oil, Gas & Consumable Fuels - 4.53%    
Abraxas Petroleum Corp. (I)(L) 45,508 266,222
Apco Oil and Gas International, Inc. (L) 5,899 505,898
Approach Resources, Inc. (I) 8,826 296,554
ATP Oil & Gas Corp. (I)(L) 29,088 526,784
Berry Petroleum Company, Class A 33,213 1,675,596
Bill Barrett Corp. (I) 29,731 1,186,564
BPZ Resources, Inc. (I)(L) 63,901 339,314
Brigham Exploration Company (I)(L) 75,561 2,809,358
Callon Petroleum Company (I)(L) 20,164 156,674
Camac Energy, Inc. (I)(L) 31,878 47,817
Carrizo Oil & Gas, Inc. (I)(L) 20,360 751,895
Cheniere Energy, Inc. (I)(L) 38,525 358,668
Clayton Williams Energy, Inc. (I) 3,879 410,010
Clean Energy Fuels Corp. (I)(L) 26,493 433,955
Cloud Peak Energy, Inc. (I) 20,562 443,934
Contango Oil & Gas Company (I) 7,782 492,134
Crosstex Energy, Inc. (L) 27,713 275,744
CVR Energy, Inc. (I) 20,097 465,447
Delta Petroleum Corp. (I)(L) 126,905 115,484
DHT Holdings, Inc. (L) 36,838 177,191
Endeavour International Corp. (I)(L) 13,915 176,721
Energy Partners, Ltd. (I) 18,917 340,506
Energy XXI Bermuda, Ltd. (I) 40,150 1,369,115
FX Energy, Inc. (I) 29,812 249,228
Gastar Exploration, Ltd. (I) 29,828 144,964
General Maritime Corp. (L) 51,732 106,051
Georesources, Inc. (I) 8,965 280,336
GMX Resources, Inc. (I)(L) 21,381 131,921
Golar LNG Energy, Ltd. 3,332 13,197
Golar LNG, Ltd. 23,751 607,551
Goodrich Petroleum Corp. (I)(L) 16,110 357,964
Green Plains Renewable Energy, Inc. (I)(L) 10,704 128,662
Gulfport Energy Corp. (I) 17,629 637,288
Harvest Natural Resources, Inc. (I)(L) 21,764 331,683
Hess Corp. 4,525 385,575
Houston American Energy Corp. (L) 11,882 183,102
International Coal Group, Inc. (I) 85,332 964,252
Isramco, Inc. (I)(L) 939 61,035
James River Coal Company (I)(L) 18,289 442,045
Knightsbridge Tankers, Ltd. (L) 14,228 356,269
Kodiak Oil & Gas Corp. (I)(L) 108,925 729,798
L&L Energy, Inc. (I)(L) 11,481 79,449
Magnum Hunter Resources Corp. (I)(L) 33,483 286,949
McMoRan Exploration Company (I)(L) 54,123 958,518
Miller Petroleum, Inc. (L) 12,857 64,285
Nordic American Tanker Shipping, Ltd. (L) 30,288 752,354
Northern Oil and Gas, Inc. (I)(L) 28,765 768,026
Oasis Petroleum, Inc. (I) 29,985 948,126
Overseas Shipholding Group, Inc. (L) 16,598 533,460
Panhandle Oil and Gas, Inc. 5,314 168,188
Patriot Coal Corp. (I) 50,769 1,311,363

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Penn Virginia Corp. 29,651 $ 502,881
Petroleum Development Corp. (I) 12,488 599,549
Petroquest Energy, Inc. (I) 36,413 340,826
RAM Energy Resources, Inc. (I) 43,878 91,266
Rentech, Inc. (I)(L) 144,664 180,830
Resolute Energy Corp. (I)(L) 24,656 447,260
REX American Resources Corp (I) 5,836 93,143
Rex Energy Corp. (I)(L) 21,180 246,747
Rosetta Resources, Inc. (I) 34,244 1,627,960
Scorpio Tankers, Inc. (I) 9,510 98,143
Ship Finance International, Ltd. (L) 28,881 598,703
Stone Energy Corp. (I) 28,132 938,765
Swift Energy Company (I) 24,542 1,047,453
Syntroleum Corp. (I)(L) 50,475 114,074
Teekay Tankers, Ltd., Class A (L) 18,545 193,981
Transatlantic Petroleum, Ltd. (I) 95,272 295,343
Uranium Energy Corp. (I)(L) 39,841 158,966
USEC, Inc. (I)(L) 74,177 326,379
Vaalco Energy, Inc. (I) 33,737 261,799
Venoco, Inc. (I) 13,124 224,289
W&T Offshore, Inc. 22,755 518,586
Warren Resources, Inc. (I)(L) 47,789 243,246
Western Refining, Inc. (I)(L) 33,899 574,588
World Fuel Services Corp. 43,031 1,747,489
 
    37,075,490
 
    57,191,841
Financials - 19.57%    
Capital Markets - 2.28%    
American Capital, Ltd. (I) 221,127 2,189,157
Apollo Investment Corp. 125,824 1,517,437
Arlington Asset Investment Corp. (L) 5,463 166,294
Artio Global Investors, Inc. 18,664 301,610
BGC Partners, Inc., Class A (L) 37,972 352,760
BlackRock Kelso Capital Corp. 44,335 449,114
Calamos Asset Management, Inc. 13,677 226,901
Capital Southwest Corp. 2,011 184,067
Cohen & Steers, Inc. (L) 11,761 349,066
Cowen Group, Inc., Class A (I)(L) 24,916 99,913
Diamond Hill Investment Group, Inc. 1,856 148,480
Duff & Phelps Corp. 18,255 291,715
Epoch Holding Corp. 9,149 144,371
Evercore Partners, Inc., Class A 10,376 355,793
FBR Capital Markets Corp. (I) 36,652 131,214
Fifth Street Finance Corp. 35,283 471,028
Financial Engines, Inc. (I) 8,736 240,764
GAMCO Investors, Inc., Class A 4,853 224,985
GFI Group, Inc. 44,348 222,627
Gladstone Capital Corp. (L) 15,144 171,279
Gladstone Investment Corp. 17,448 135,396
Gleacher & Company, Inc. (I)(L) 52,410 91,193
Harris & Harris Group, Inc. (I)(L) 24,917 134,053
Hercules Technology Growth Capital, Inc. 25,210 277,310
HFF, Inc. (I) 12,785 192,286
Internet Capital Group, Inc. (I) 24,114 342,419
Intl. FCStone, Inc. (I)(L) 8,820 224,204
Investment Technology Group, Inc. (I) 28,877 525,273
Kayne Anderson Energy    
Development Company 8,112 158,671
KBW, Inc. (L) 23,368 612,008
Knight Capital Group, Inc., Class A (I)(L) 61,882 829,219
LaBranche & Company, Inc. (I) 27,225 106,994
Ladenburg Thalmann    
Financial Services, Inc. (I) 66,565 76,550

 

308

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Capital Markets (continued)    
Main Street Capital Corp. 9,930 $ 183,209
MCG Capital Corp. 50,787 330,116
MF Global Holdings, Ltd. (I) 68,710 568,919
MVC Capital, Inc. 17,017 233,473
NGP Capital Resources Company 15,967 153,922
Oppenheimer Holdings, Inc., Class A 6,878 230,482
optionsXpress Holdings, Inc. 28,065 513,870
PennantPark Investment Corp. 22,803 271,812
Penson Worldwide, Inc. (I) 15,549 104,334
Piper Jaffray Companies (I) 10,348 428,718
Prospect Capital Corp. 46,714 570,378
Safeguard Scientifics, Inc. (I) 14,175 288,461
Sanders Morris Harris Group, Inc. 16,048 128,544
Stifel Financial Corp. (I) 22,270 1,598,763
SWS Group, Inc. 20,574 124,884
TICC Capital Corp. 18,804 204,399
TradeStation Group, Inc. (I) 28,632 200,997
Triangle Capital Corp. 10,321 186,397
Virtus Investment Partners, Inc. (I) 3,531 208,047
Westwood Holdings Group, Inc. 4,486 180,562
 
    18,654,438
Commercial Banks - 5.36%    
1st Source Corp. 10,160 203,606
1st United Bancorp, Inc. (I) 16,805 117,971
Alliance Financial Corp. (L) 4,144 138,202
American National Bankshares, Inc. (L) 5,274 118,718
Ameris Bancorp (I)(L) 16,189 164,480
Ames National Corp. (L) 5,984 114,294
Arrow Financial Corp. 6,864 169,815
BancFirst Corp. 4,798 204,779
Banco Latinoamericano de    
Comercio Exterior SA 18,158 317,039
Bancorp, Inc. (I) 15,923 146,969
Bank of the Ozarks, Inc. (L) 8,498 371,448
Boston Private Financial Holdings, Inc. 48,765 344,769
Bridge Bancorp, Inc. (L) 5,300 118,561
Bryn Mawr Bank Corp. 7,899 162,482
Camden National Corp. 5,348 183,116
Capital City Bank Group, Inc. (L) 8,776 111,280
Cardinal Financial Corp. 20,062 233,923
Cathay General Bancorp 51,005 869,635
Center Financial Corp. (I) 24,624 180,740
Centerstate Banks, Inc. 17,234 120,638
Chemical Financial Corp. 15,875 316,389
Citizens & Northern Corp. 9,092 152,837
Citizens Republic Banking Corp., Inc. (I) 262,226 233,355
City Holding Company (L) 10,379 367,001
CNB Financial Corp. 9,244 134,130
CoBiz Financial, Inc. (L) 23,790 165,341
Columbia Banking System, Inc. 25,752 493,666
Community Bank Systems, Inc. 21,744 527,727
Community Trust Bancorp, Inc. 9,245 255,809
CVB Financial Corp. (L) 58,689 546,395
Danvers Bancorp, Inc. 14,266 305,578
Eagle Bancorp, Inc. (I) 12,149 170,693
Enterprise Financial Services Corp. (L) 11,111 156,332
Financial Institutions, Inc. 7,726 135,205
First Bancorp, Inc. (L) 7,167 109,297
First Bancorp/Troy NC 10,520 139,495
First Busey Corp. 36,142 183,601
First Commonwealth Financial Corp. 62,562 428,550
First Community Bancshares, Inc. (L) 11,153 158,150
First Financial Bancorp 37,687 628,996
First Financial Bankshares, Inc. (L) 10,612 545,138

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
First Financial Corp./Indiana 7,511 $ 249,666
First Interstate Bancsystem, Inc. 8,686 118,130
First Merchants Corp. (L) 18,150 150,101
First Midwest Bancorp, Inc. 48,247 568,832
FirstMerit Corp. 69,552 1,186,557
FNB Corp. 74,126 781,288
German American Bancorp, Inc. (L) 8,959 154,005
Glacier Bancorp, Inc. (L) 46,872 705,424
Great Southern Bancorp, Inc. 7,376 158,215
Hancock Holding Company (L) 18,895 620,512
Hanmi Financial Corp. (I) 71,144 88,219
Heartland Financial USA, Inc. 9,442 160,514
Home Bancshares, Inc. 14,357 326,622
Hudson Valley Holding Corp. 8,775 193,050
IBERIABANK Corp. 17,340 1,042,654
Independent Bank Corp. - MA (L) 13,945 376,654
International Bancshares Corp. (L) 34,435 631,538
Investors Bancorp, Inc. (I) 31,478 468,707
Lakeland Bancorp, Inc. 15,422 160,080
Lakeland Financial Corp. 11,350 257,418
MainSource Financial Group, Inc. (L) 14,256 142,703
MB Financial, Inc. 34,499 723,099
Metro Bancorp, Inc. (I) 10,613 131,071
Nara Bancorp, Inc. (I) 25,292 243,309
National Bankshares, Inc. (L) 5,921 171,117
National Penn Bancshares, Inc. 81,958 634,355
NBT Bancorp, Inc. 21,973 500,765
Northfield Bancorp, Inc. (L) 13,063 180,269
Old National Bancorp 56,571 606,441
OmniAmerican Bancorp, Inc. (I) 9,626 152,476
Oriental Financial Group, Inc. 28,274 354,839
Orrstown Financial Services, Inc. 5,266 147,448
Pacific Continental Corp. 13,868 141,315
PacWest Bancorp (L) 19,951 433,934
Park National Corp. (L) 8,113 542,111
Peapack Gladstone Financial Corp. 7,262 96,294
Penns Woods Bancorp, Inc. (L) 3,470 135,087
Peoples Bancorp, Inc. 7,805 93,816
Pinnacle Financial Partners, Inc. (I)(L) 21,938 362,855
PrivateBancorp, Inc. 33,880 518,025
Prosperity Bancshares, Inc. (L) 30,131 1,288,703
Renasant Corp. (L) 15,027 255,158
Republic Bancorp, Inc., Class A (L) 6,748 131,451
S&T Bancorp, Inc. (L) 16,177 348,938
Sandy Spring Bancorp, Inc. 15,937 294,197
SCBT Financial Corp. 8,622 286,940
Sierra Bancorp (L) 8,141 91,016
Signature Bank (I)(L) 26,447 1,491,611
Simmons First National Corp., Class A 11,347 307,390
Southside Bancshares, Inc. 11,201 239,701
Southwest Bancorp, Inc. (I) 13,539 192,118
State Bancorp, Inc. 13,695 142,291
StellarOne Corp. 15,468 219,646
Sterling Bancorp 19,139 191,581
Sterling Bancshares, Inc. (L) 60,359 519,691
Suffolk Bancorp 7,114 149,252
Susquehanna Bancshares, Inc. 84,023 785,615
SVB Financial Group (I)(L) 27,037 1,539,216
SY Bancorp, Inc. 8,478 213,306
Taylor Capital Group, Inc. (I)(L) 7,196 75,630
Texas Capital Bancshares, Inc. (I)(L) 23,690 615,703
Tompkins Financial Corp. 5,682 236,087
TowneBank (L) 15,623 244,656
TriCo Bancshares (L) 9,948 162,252
Trustmark Corp. (L) 41,198 964,857

 

309

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
UMB Financial Corp. 20,520 $ 766,525
Umpqua Holdings Corp. 74,180 848,619
Union First Market Bankshares Corp. 12,052 135,585
United Bankshares, Inc. (L) 25,245 669,497
United Community Banks, Inc. (I) 64,211 152,180
Univest Corp. of Pennsylvania 11,476 203,355
Virginia Commerce Bancorp, Inc. (I)(L) 11,952 68,604
Washington Banking Company (L) 12,040 169,764
Washington Trust Bancorp, Inc. 9,903 235,097
Webster Financial Corp. 42,322 906,960
WesBanco, Inc. (L) 15,196 314,709
West Bancorp, Inc. 12,849 102,535
West Coast Bancorp (I)(L) 63,859 221,591
Westamerica Bancorp. (L) 15,559 799,266
Western Alliance Bancorp (I) 39,343 323,399
Whitney Holding Corp. 62,573 852,244
Wilshire Bancorp, Inc. (I)(L) 14,472 70,913
Wintrust Financial Corp. 20,252 744,261
 
    43,827,775
Consumer Finance - 0.58%    
Advance America Cash Advance Centers, Inc. 37,451 198,490
Cash America International, Inc. 19,474 896,778
Credit Acceptance Corp. (I)(L) 3,710 263,262
Dollar Financial Corp. (I)(L) 24,138 500,864
EZCORP, Inc., Class A (I) 30,331 952,090
First Cash Financial Services, Inc. (I) 19,973 770,958
Nelnet, Inc., Class A 17,509 382,221
The First Marblehead Corp. (I)(L) 40,328 88,722
World Acceptance Corp. (I) 10,815 705,138
 
    4,758,523
Diversified Financial Services - 0.44%    
Asta Funding, Inc. 8,471 72,512
Compass Diversified Holdings 22,009 324,413
Encore Capital Group, Inc. (I) 9,471 224,368
Life Partners Holdings, Inc. (L) 6,691 53,796
MarketAxess Holdings, Inc. 18,656 451,475
Marlin Business Services Corp. (I) 6,779 83,653
NewStar Financial, Inc. (I) 19,144 209,052
PHH Corp. (I)(L) 36,204 788,161
PICO Holdings, Inc. (I) 15,038 452,042
Portfolio Recovery Associates, Inc. (I)(L) 11,206 953,967
 
    3,613,439
Insurance - 2.49%    
Alterra Capital Holdings, Ltd. 62,158 1,388,610
American Equity Investment Life    
Holding Company (L) 39,050 512,336
American Safety Insurance Holdings, Ltd. (I) 8,101 173,604
AMERISAFE, Inc. (I) 13,496 298,397
Amtrust Financial Services, Inc. 15,355 292,820
Argo Group International Holdings, Ltd. 20,205 667,573
Baldwin & Lyons, Inc., Class B 6,196 145,110
Citizens, Inc., Class A (I)(L) 27,531 200,976
CNA Surety Corp. (I) 11,816 298,472
CNO Financial Group, Inc. (I) 144,341 1,084,001
Crawford & Company, Class B 20,155 95,938
Delphi Financial Group, Inc., Class A 31,180 957,538
eHealth, Inc. (I)(L) 16,097 214,090
Employers Holdings, Inc. 28,848 596,000
Enstar Group, Ltd. (I) 4,521 451,557
FBL Financial Group, Inc., Class A 9,067 278,538
First American Financial Corp. 67,397 1,112,051
Flagstone Reinsurance Holdings SA 34,219 308,313
FPIC Insurance Group, Inc. (I) 6,856 259,842

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Global Indemnity PLC (I) 9,653 $ 212,173
Greenlight Capital Re, Ltd., Class A (I) 18,568 523,803
Hallmark Financial Services, Inc. (I) 9,750 81,705
Harleysville Group, Inc. 8,024 265,835
Hilltop Holdings, Inc. (I) 27,797 279,082
Horace Mann Educators Corp. 25,835 434,028
Infinity Property & Casualty Corp. 8,753 520,716
Maiden Holdings, Ltd. 33,886 253,806
Meadowbrook Insurance Group, Inc. 36,438 377,133
Montpelier Re Holdings, Ltd. (L) 46,061 813,898
National Financial Partners Corp. (I)(L) 28,084 414,239
National Western Life Insurance    
Company, Class A 1,517 246,133
Platinum Underwriters Holdings, Ltd. 26,518 1,010,071
Presidential Life Corp. 15,877 151,308
Primerica, Inc. (L) 15,475 394,767
ProAssurance Corp. (I) 20,360 1,290,213
RLI Corp. 12,171 701,658
Safety Insurance Group, Inc. 8,447 389,491
SeaBright Holdings, Inc. 16,105 165,076
Selective Insurance Group, Inc. 35,425 612,853
State Auto Financial Corp. 10,127 184,514
Stewart Information Services Corp. (L) 12,412 130,078
The Navigators Group, Inc. (I) 8,360 430,540
The Phoenix Companies, Inc. (I)(L) 77,972 212,084
Tower Group, Inc. (L) 26,758 642,995
United Fire & Casualty Company 15,197 307,131
 
    20,381,096
Real Estate Investment Trusts - 6.96%    
Acadia Realty Trust 27,220 515,002
Agree Realty Corp. (L) 6,659 149,495
Alexander’s, Inc. 1,359 553,045
American Campus Communities, Inc. 40,473 1,335,609
American Capital Agency Corp. 30,734 895,589
Anworth Mortgage Asset Corp. 78,310 555,218
Apollo Commercial Real Estate Finance, Inc. 9,247 151,188
Ashford Hospitality Trust, Inc. 26,957 297,066
Associated Estates Realty Corp. 25,740 408,751
BioMed Realty Trust, Inc. 81,862 1,557,015
CapLease, Inc. 40,134 219,934
Capstead Mortage Corp. 46,743 597,376
CBL & Associates Properties, Inc. (L) 89,763 1,563,671
Cedar Shopping Centers, Inc. 37,054 223,436
Chatham Lodging Trust 6,993 113,636
Chesapeake Lodging Trust 9,024 157,108
Cogdell Spencer, Inc. 30,554 181,491
Colonial Properties Trust 47,832 920,766
Colony Financial, Inc. 11,113 209,258
Cousins Properties, Inc. 60,257 503,146
CreXus Investment Corp. 10,876 124,204
Cypress Sharpridge Investments, Inc. 19,162 242,974
DCT Industrial Trust, Inc. (L) 137,814 764,868
DiamondRock Hospitality Company (L) 100,356 1,120,977
DuPont Fabros Technology, Inc. (L) 26,774 649,270
Dynex Capital, Inc. 13,504 135,850
EastGroup Properties, Inc. 17,927 788,250
Education Realty Trust, Inc. 38,404 308,384
Entertainment Properties Trust (L) 30,209 1,414,385
Equity Lifestyle Properties, Inc. 17,243 994,059
Equity One, Inc. (L) 23,846 447,589
Excel Trust, Inc. 11,723 138,214
Extra Space Storage, Inc. 57,007 1,180,615
FelCor Lodging Trust, Inc. (I) 72,363 443,585
First Industrial Realty Trust, Inc. (I) 41,355 491,711

 

310

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
First Potomac Realty Trust 24,325 $ 383,119
Franklin Street Properties Corp. 45,403 638,820
Getty Realty Corp. (L) 14,207 325,056
Gladstone Commercial Corp. (L) 8,775 160,056
Glimcher Realty Trust 58,675 542,744
Government Properties Income Trust 14,575 391,485
Hatteras Financial Corp. 25,292 711,211
Healthcare Realty Trust, Inc. 40,669 923,186
Hersha Hospitality Trust 83,336 495,016
Highwoods Properties, Inc. 46,445 1,626,039
Home Properties, Inc. 24,437 1,440,561
Hudson Pacific Properties, Inc. 7,879 115,821
Inland Real Estate Corp. 50,446 481,255
Invesco Mortgage Capital, Inc. 21,191 463,023
Investors Real Estate Trust (L) 52,218 496,071
iStar Financial, Inc. (I)(L) 62,460 573,383
Kilroy Realty Corp. (L) 35,369 1,373,378
Kite Realty Group Trust 38,164 202,651
LaSalle Hotel Properties 45,334 1,224,018
Lexington Realty Trust (L) 63,690 595,502
LTC Properties, Inc. 16,160 457,974
Medical Properties Trust, Inc. (L) 72,995 844,552
MFA Financial, Inc. 181,209 1,485,914
Mid-America Apartment Communities, Inc. 20,107 1,290,869
Mission West Properties, Inc. 8,109 53,276
Monmouth Real Estate Investment Corp. 22,107 181,498
MPG Office Trust, Inc. (I) 54,308 201,483
National Health Investments, Inc. 16,035 768,397
National Retail Properties, Inc. (L) 53,983 1,410,576
Newcastle Investment Corp. (I) 45,383 274,113
NorthStar Realty Finance Corp. 50,763 271,582
Omega Healthcare Investors, Inc. 60,517 1,351,950
One Liberty Properties, Inc. (L) 6,928 104,474
Parkway Properties, Inc. 14,747 250,699
Pebblebrook Hotel Trust 21,913 485,373
Pennsylvania Real Estate Investment Trust (L) 36,145 515,789
Pennymac Mortgage Investment Trust 12,337 226,877
Post Properties, Inc. 31,553 1,238,455
Potlatch Corp. 26,222 1,054,124
PS Business Parks, Inc. 12,328 714,284
RAIT Financial Trust (L) 78,644 193,464
Ramco-Gershenson Properties Trust 25,734 322,447
Redwood Trust, Inc. (L) 51,431 799,752
Resource Capital Corp. (L) 30,116 198,464
Retail Opportunity Investments Corp. 27,777 303,880
Sabra Healthcare, Inc. 14,506 255,451
Saul Centers, Inc. 4,639 206,667
Sovran Self Storage, Inc. 18,222 720,680
Starwood Property Trust, Inc. 31,351 699,127
Strategic Hotels & Resorts, Inc. (I) 107,928 696,136
Sun Communities, Inc. (L) 12,804 456,463
Sunstone Hotel Investors, Inc. (I)(L) 64,274 654,952
Tanger Factory Outlet Centers, Inc. 52,714 1,383,215
Terreno Realty Corp. 7,755 133,619
Two Harbors Investment Corp. 19,255 201,600
U-Store-It Trust (L) 61,690 648,979
UMH Properties, Inc. 5,396 53,636
Universal Health Realty Income Trust 8,059 326,631
Urstadt Biddle Properties, Inc., Class A 14,557 276,874
Walter Investment Management Corp. 17,606 283,985
Washington Real Estate Investment Trust 39,564 1,230,045
Winthrop Realty Trust 13,631 166,980
 
    56,910,436

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Management & Development - 0.16%    
Avatar Holdings, Inc. (I) 6,264 $ 123,965
Consolidated-Tomoka Land Company (L) 4,459 144,472
Forestar Group, Inc. (I) 23,901 454,597
Kennedy-Wilson Holdings, Inc. (I) 13,680 148,565
Tejon Ranch Company (I) 8,801 323,349
Thomas Properties Group, Inc. (I) 26,240 87,904
 
    1,282,852
Thrifts & Mortgage Finance - 1.30%    
Abington Bancorp, Inc. (L) 15,290 186,997
Astoria Financial Corp. (L) 56,403 810,511
Bank Mutual Corp. 32,352 136,849
BankFinancial Corp. 15,453 142,013
Beneficial Mutual Bancorp, Inc. (I) 23,901 206,027
Berkshire Hill Bancorp, Inc. 9,750 203,288
BofI Holding, Inc. (I)(L) 6,471 100,430
Brookline Bancorp, Inc. 40,157 422,853
Dime Community Bancshares 18,983 280,189
ESSA Bancorp, Inc. 12,794 168,881
Federal Agricultural    
Mortgage Corp., Class C (L) 6,867 131,228
First Financial Holdings, Inc. 11,759 132,994
Flagstar Bancorp, Inc. (I) 31,661 47,492
Flushing Financial Corp. 22,104 329,350
Home Federal Bancorp, Inc. 13,021 153,387
MGIC Investment Corp. (I)(L) 130,448 1,159,683
NewAlliance Bancshares, Inc. 68,924 1,022,832
Northwest Bancshares, Inc. 72,223 905,676
OceanFirst Financial Corp. 12,176 169,855
Ocwen Financial Corp. (I) 49,011 540,101
Oritani Financial Corp. 36,894 467,816
Provident Financial Services, Inc. 39,287 581,448
Provident New York Bancorp 26,275 271,158
Radian Group, Inc. (L) 86,505 589,099
Territorial Bancorp, Inc. 10,619 211,530
The PMI Group, Inc. (I)(L) 93,509 252,474
TrustCo Bank Corp. (L) 51,279 304,084
United Financial Bancorp, Inc. 13,516 223,149
Viewpoint Financial Group 9,769 126,997
Westfield Financial, Inc. 24,508 222,042
WSFS Financial Corp. 3,890 183,219
 
    10,683,652
 
    160,112,211
Health Care - 12.32%    
Biotechnology - 3.22%    
Acorda Therapeutics, Inc. (I) 25,195 584,524
Affymax, Inc. (I)(L) 14,348 84,223
Alkermes, Inc. (I) 61,567 797,293
Allos Therapeutics, Inc. (I)(L) 51,493 163,233
Alnylam Pharmaceuticals, Inc. (I)(L) 24,082 230,465
AMAG Pharmaceuticals, Inc. (I)(L) 13,851 231,312
Ardea Biosciences, Inc. (I)(L) 8,985 257,780
Arena Pharmaceuticals, Inc. (I)(L) 74,902 104,114
ARIAD Pharmaceuticals, Inc. (I)(L) 72,518 545,335
Arqule, Inc. (I) 27,994 200,437
Array BioPharma, Inc. (I) 38,442 117,633
Aveo Pharmaceuticals, Inc. (I) 5,215 69,829
AVI BioPharma, Inc. (I) 74,502 139,319
BioCryst Pharmaceuticals, Inc. (I) 19,927 75,523
BioMimetic Therapeutics, Inc. (I) 12,404 162,616
Biosante Pharmaceuticals, Inc. (I)(L) 51,662 102,291
BioSpecifics Technologies Corp. (I) 2,377 60,614
BioTime, Inc. (I)(L) 14,208 105,850
Celera Corp. (I) 53,735 435,791

 

311

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Celldex Therapeutics, Inc. (I)(L) 22,278 $ 89,558
Cepheid, Inc. (I)(L) 38,596 1,081,460
Chelsea Therapeutics International, Inc. (I) 27,767 108,291
Clinical Data, Inc. (I) 7,662 232,159
Codexis, Inc. (I) 4,076 48,341
Cubist Pharmaceuticals, Inc. (I) 37,838 955,031
Curis, Inc. (I) 52,859 171,792
Cytokinetics, Inc. (I) 33,361 49,708
Cytori Therapeutics, Inc. (I)(L) 28,819 225,653
CytRx Corp. (I)(L) 79,053 69,575
Dyax Corp. (I)(L) 68,351 110,045
Dynavax Technologies Corp. (I)(L) 51,531 142,226
Emergent Biosolutions, Inc. (I) 12,838 310,166
Enzon Pharmaceuticals, Inc. (I)(L) 32,263 351,667
Exact Sciences Corp. (I) 23,661 174,145
Exelixis, Inc. (I) 70,919 801,385
Genomic Health, Inc. (I) 9,263 227,870
Geron Corp. (I)(L) 64,365 325,043
Halozyme Therapeutics, Inc. (I) 46,953 315,055
Idenix Pharmaceuticals, Inc. (I)(L) 23,969 79,577
Immunogen, Inc. (I)(L) 44,051 399,543
Immunomedics, Inc. (I)(L) 44,416 169,669
Incyte Corp. (I)(L) 57,181 906,319
Inhibitex, Inc. (I)(L) 33,809 122,389
Inovio Biomedical Corp. (I) 57,220 62,942
InterMune, Inc. (I)(L) 29,703 1,401,685
Ironwood Pharmaceuticals, Inc. (I) 13,526 189,364
Isis Pharmaceuticals, Inc. (I)(L) 61,256 553,754
Keryx Biopharmaceuticals Inc. (I)(L) 33,698 168,490
Lexicon Pharmaceuticals, Inc. (I)(L) 129,526 217,604
Ligand Pharmaceuticals, Inc., Class B (I) 14,222 142,220
Mannkind Corp. (I)(L) 41,736 152,336
Maxygen, Inc. 21,796 113,339
Medivation, Inc. (I) 22,490 419,214
Metabolix, Inc. (I)(L) 17,743 186,479
Micromet, Inc. (I)(L) 52,581 294,979
Momenta Pharmaceuticals, Inc. (I)(L) 26,229 415,730
Nabi Biopharmaceuticals (I) 31,300 181,853
Nanosphere, Inc. (I) 12,226 39,735
Neuralstem, Inc. (I)(L) 33,715 60,687
Neurocrine Biosciences, Inc. (I) 32,075 243,449
NeurogesX, Inc. (I)(L) 8,256 33,437
Novavax, Inc. (I)(L) 58,631 151,854
NPS Pharmaceuticals, Inc. (I) 40,812 390,571
Omeros Corp. (I)(L) 13,395 107,160
Onyx Pharmaceuticals, Inc. (I) 40,597 1,428,202
Opko Health, Inc. (I)(L) 57,371 213,994
Orexigen Therapeutics, Inc. (I)(L) 20,477 57,540
Osiris Therapeutics, Inc. (I)(L) 11,988 87,033
PDL BioPharma, Inc. (L) 86,548 501,978
Peregrine Pharmaceuticals, Inc. (I)(L) 40,745 96,158
Pharmacyclics, Inc. (I)(L) 26,215 154,406
Pharmasset, Inc. (I) 19,162 1,508,241
Progenics Pharmaceuticals, Inc. (I)(L) 20,328 125,627
Rigel Pharmaceuticals, Inc. (I) 34,465 245,046
Sangamo Biosciences, Inc. (I)(L) 30,356 252,865
Savient Pharmaceuticals, Inc. (I)(L) 43,922 465,573
SciClone Pharmaceuticals, Inc. (I) 25,886 104,579
Seattle Genetics, Inc. (I)(L) 54,254 844,735
SIGA Technologies, Inc. (I)(L) 20,631 249,635
Spectrum Pharmaceuticals, Inc. (I) 33,675 299,371
StemCells, Inc. (I)(L) 86,884 79,064
SuperGen, Inc. (I) 40,265 124,822
Synta Pharmaceuticals Corp. (I)(L) 15,679 82,472
Targacept, Inc. (I) 15,539 413,182

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Theravance, Inc. (I)(L) 40,646 $ 984,446
Vanda Pharmaceuticals, Inc. (I) 18,936 138,043
Vical, Inc. (I)(L) 42,570 126,007
Zalicus Inc. (I) 50,762 122,844
Ziopharm Oncology, Inc. (I)(L) 33,357 208,481
 
    26,376,075
Health Care Equipment & Supplies - 3.21%    
Abaxis, Inc. (I)(L) 14,320 412,989
ABIOMED, Inc. (I) 20,550 298,592
Accuray, Inc. (I) 33,755 304,808
Align Technology, Inc. (I)(L) 38,359 785,592
Alphatec Holdings, Inc. (I)(L) 34,824 94,025
American Medical    
Systems Holdings, Inc. (I)(L) 48,824 1,056,551
Analogic Corp. (L) 8,276 468,008
AngioDynamics, Inc. (I) 16,270 246,002
Antares Pharma, Inc. (I)(L) 53,348 96,026
ArthroCare Corp. (I) 17,514 583,917
Atrion Corp. 1,078 188,079
Cantel Medical Corp. 8,574 220,781
Cerus Corpcerus Corp. (I)(L) 28,178 81,434
Conceptus, Inc. (I)(L) 20,467 295,748
CONMED Corp. (I) 18,771 493,302
CryoLife, Inc. (I) 20,660 126,026
Cutera, Inc. (I) 9,902 84,860
Cyberonics, Inc. (I) 17,976 571,817
Cynosure, Inc. (I) 7,397 102,744
Delcath Systems, Inc. (I)(L) 27,367 201,695
DexCom, Inc. (I) 37,416 580,696
Endologix, Inc. (I) 32,782 222,262
Exactech, Inc. (I) 6,158 108,073
Greatbatch, Inc. (I) 15,066 398,646
Haemonetics Corp. (I) 16,102 1,055,325
Hansen Medical, Inc. (I)(L) 31,663 69,975
HeartWare International, Inc. (I)(L) 6,062 518,483
ICU Medical, Inc. (I) 7,775 340,390
Immucor, Inc. (I) 45,148 893,027
Insulet Corp. (I)(L) 25,585 527,563
Integra LifeSciences Holdings Corp. (I) 13,584 644,153
Invacare Corp. 18,767 584,029
IRIS International, Inc. (I) 11,871 107,076
Kensey Nash Corp. (I) 5,240 130,528
MAKO Surgical Corp. (I) 16,783 406,149
Masimo Corp. (L) 33,518 1,109,446
Medical Action Industries, Inc. (I) 10,203 85,705
MELA Sciences, Inc. (I)(L) 17,164 60,417
Meridian Bioscience, Inc. (L) 26,376 632,760
Merit Medical Systems, Inc. (I) 18,436 361,714
Natus Medical, Inc. (I) 18,766 315,269
Neogen Corp. (I) 14,807 612,714
NuVasive, Inc. (I)(L) 25,443 644,217
NxStage Medical, Inc. (I)(L) 16,146 354,889
OraSure Technologies, Inc. (I) 31,060 244,132
Orthofix International NV (I) 11,495 373,128
Orthovita, Inc. (I) 47,201 100,538
Palomar Medical Technologies, Inc. (I) 12,604 187,169
Quidel Corp. (I)(L) 14,289 170,896
RTI Biologics, Inc. (I) 38,053 108,832
Sirona Dental Systems, Inc. (I) 21,593 1,083,105
Solta Medical, Inc. (I) 41,427 136,709
SonoSite, Inc. (I)(L) 9,584 319,339
Spectranetics Corp. (I) 24,336 114,623
St. Jude Medical, Inc. 2,498 128,047
STAAR Surgical Company (I) 24,210 134,850

 

312

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Equipment & Supplies (continued)    
Stereotaxis, Inc. (I)(L) 20,678 $ 80,024
STERIS Corp. 38,068 1,314,869
SurModics, Inc. (I) 11,918 148,975
Symmetry Medical, Inc. (I) 23,932 234,534
Syneron Medical, Ltd., ADR (I) 23,488 306,284
Synovis Life Technologies, Inc. (I) 8,396 161,035
TomoTherapy, Inc. (I) 33,764 154,301
Unilife Corp. (I)(L) 31,798 180,295
Vascular Solutions, Inc. (I) 12,026 131,204
Volcano Corp. (I) 32,583 834,125
West Pharmaceutical Services, Inc. 21,446 960,137
Wright Medical Group, Inc. (I) 25,476 433,347
Young Innovations, Inc. 4,026 126,416
Zoll Medical Corp. (I) 13,821 619,319
 
    26,262,735
Health Care Providers & Services - 3.41%    
Accretive Health, Inc. (I)(L) 7,670 212,919
Air Methods Corp. (I) 7,252 487,697
Alliance HealthCare Services, Inc. (I) 20,957 92,630
Allied Healthcare International, Inc. (I) 33,510 85,115
Almost Family, Inc. (I)(L) 5,474 206,041
Amedisys, Inc. (I) 18,544 649,040
America Service Group, Inc. 6,903 176,993
American Dental Partners, Inc. (I) 11,596 152,140
AMERIGROUP Corp. (I)(L) 33,379 2,144,601
AMN Healthcare Services, Inc. (I) 24,027 208,074
AmSurg Corp. (I) 20,320 516,941
Assisted Living Concepts, Inc. (I) 6,565 256,954
Bio-Reference Labs, Inc. (I) 15,563 349,234
BioScrip, Inc. (I) 26,105 122,955
Capital Senior Living Corp. (I) 19,369 205,699
CardioNet, Inc. (I) 16,710 80,041
Catalyst Health Solutions, Inc. (I) 24,588 1,375,207
Centene Corp. (I) 31,907 1,052,293
Chemed Corp. 14,727 980,965
Chindex International, Inc. (I) 9,332 149,779
Continucare Corp. (I) 21,111 112,944
Corvel Corp. (I) 4,784 254,413
Cross Country Healthcare, Inc. (I) 21,307 166,834
Emeritus Corp. (I) 13,104 333,628
Five Star Quality Care, Inc. (I) 21,418 174,128
Gentiva Health Services, Inc. (I) 18,934 530,720
Hanger Orthopedic Group, Inc. (I) 16,872 439,178
Healthsouth Corp. (I)(L) 60,658 1,515,237
Healthspring, Inc. (I) 37,548 1,403,169
Healthways, Inc. (I) 22,434 344,811
HMS Holdings Corp. (I) 17,667 1,446,044
IPC The Hospitalist Company, Inc. (I) 10,577 480,302
Kindred Healthcare, Inc. (I) 25,326 604,785
Landauer, Inc. 6,177 380,009
LCA-Vision, Inc. (I) 12,977 87,595
LHC Group, Inc. (I)(L) 10,184 305,520
Magellan Health Services, Inc. (I) 21,481 1,054,287
MedCath Corp. (I) 13,665 190,627
Metropolitan Health Networks, Inc. (I) 29,426 139,185
Molina Healthcare, Inc. (I) 8,652 346,080
MWI Veterinary Supply, Inc. (I) 8,129 655,848
National Healthcare Corp. 5,939 276,104
Owens & Minor, Inc. 40,430 1,313,166
PharMerica Corp. (I) 20,391 233,273
PSS World Medical, Inc. (I)(L) 37,010 1,004,822
RehabCare Group, Inc. (I) 16,283 600,354
Rural/Metro Corp. (I) 12,983 221,230
Select Medical Holdings Corp. (I) 32,673 263,344

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
Skilled Healthcare Group, Inc. (I) 13,600 $ 195,704
Sun Healthcare Group, Inc. (I) 14,938 210,178
Sunrise Senior Living, Inc. (I) 36,930 440,575
Team Health Holdings, Inc. (I)(L) 10,535 184,152
The Ensign Group, Inc. 9,460 302,058
The Providence Service Corp. (I) 8,973 134,416
Triple-S Management Corp., Class B (I) 13,345 274,640
Universal American Financial Corp. 20,722 474,741
US Physical Therapy, Inc. 7,266 162,322
WellCare Health Plans, Inc. (I) 27,483 1,152,912
 
    27,914,653
Health Care Technology - 0.49%    
athenahealth, Inc. (I)(L) 21,546 972,371
Computer Programs & Systems, Inc. 6,560 421,677
MedAssets, Inc. (I)(L) 28,153 429,896
Medidata Solutions, Inc. (I) 12,663 323,793
Merge Healthcare, Inc. (I) 34,975 170,678
Omnicell, Inc. (I) 21,555 328,498
Quality Systems, Inc. 12,253 1,021,165
Transcend Services, Inc. (I) 6,672 160,128
Vital Images, Inc. (I) 10,823 146,219
 
    3,974,425
Life Sciences Tools & Services - 0.65%    
Affymetrix, Inc. (I) 46,853 244,104
Albany Molecular Research, Inc. (I) 16,569 70,584
Bruker Corp. (I) 46,806 975,905
Caliper Life Sciences, Inc. (I) 29,887 202,036
Cambrex Corp. (I) 21,776 119,768
Dionex Corp. (I) 11,453 1,352,027
Enzo Biochem, Inc. (I) 23,344 97,811
eResearch Technology, Inc. (I) 32,862 222,476
Furiex Pharmaceuticals, Inc. (I) 6,904 116,540
Kendle International, Inc. (I) 10,642 113,976
Luminex Corp. (I) 24,576 461,046
Parexel International Corp. (I) 38,082 948,242
Pure Bioscience, Inc. (I)(L) 25,859 40,340
Sequenom, Inc. (I)(L) 51,044 323,109
 
    5,287,964
Pharmaceuticals - 1.34%    
Akorn, Inc. (I) 37,028 213,652
Auxilium Pharmaceuticals, Inc. (I)(L) 27,317 586,496
AVANIR Pharmaceuticals, Class A (I)(L) 46,976 191,662
Cadence Pharmaceuticals, Inc. (I)(L) 16,891 155,566
Corcept Therapeutics, Inc. (I)(L) 15,326 65,136
Cumberland Pharmaceuticals, Inc. (I)(L) 10,206 56,439
DepoMed, Inc. (I) 35,545 356,872
Durect Corp. (I) 60,722 218,599
Endo Pharmaceuticals, Inc. 38,347 3,068
Hi-Tech Pharmacal Company, Inc. (I) 6,934 139,581
Impax Laboratories, Inc. (I) 40,982 1,042,992
Inspire Pharmaceuticals, Inc. (I) 38,733 153,383
Jazz Pharmaceuticals, Inc. (I) 9,914 315,761
MAP Pharmaceuticals, Inc. (I) 9,701 133,777
Medicis Pharmaceutical Corp., Class A 39,279 1,258,499
Nektar Therapeutics (I)(L) 61,536 582,746
Obagi Medical Products, Inc. (I) 12,493 157,912
Optimer Pharmaceuticals, Inc. (I)(L) 22,097 261,408
Pain Therapeutics, Inc. (I) 24,288 232,193
Par Pharmaceutical Companies, Inc. (I) 22,947 713,193
POZEN, Inc. (I)(L) 18,578 99,764
Questcor Pharmaceuticals, Inc. (I)(L) 36,151 520,936
Salix Pharmaceuticals, Ltd. (I) 37,102 1,299,683
Santarus, Inc. (I) 36,633 125,285

 

313

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Somaxon Pharmaceuticals, Inc. (I)(L) 20,567 $ 58,205
The Medicines Company (I) 34,857 567,821
Viropharma, Inc. (I) 50,464 1,004,234
Vivus, Inc. (I)(L) 53,055 328,410
XenoPort, Inc. (I) 19,216 113,951
 
    10,957,224
    100,773,076
Industrials - 15.72%    
Aerospace & Defense - 1.87%    
AAR Corp. (L) 25,245 699,791
Aerovironment, Inc. (I) 11,101 388,202
American Science & Engineering, Inc. 5,942 548,803
Applied Energetics, Inc. (I) 57,110 37,693
Astronics Corp. (I) 6,621 166,651
Ceradyne, Inc. (I) 16,529 745,127
Cubic Corp. 10,170 584,775
Curtiss-Wright Corp. 29,451 1,034,908
DigitalGlobe, Inc. (I) 17,725 496,832
Ducommun, Inc. 7,168 171,315
Esterline Technologies Corp. (I)(L) 19,245 1,361,006
GenCorp, Inc. (I)(L) 39,732 237,597
GeoEye, Inc. (I) 14,379 597,879
HEICO Corp. (L) 18,944 1,184,379
Herley Industries, Inc. (I) 9,591 182,229
Hexcel Corp. (I) 62,731 1,235,173
Kratos Defense & Security Solutions, Inc. (I) 11,980 170,595
Ladish Company, Inc. (I) 10,173 555,954
LMI Aerospace, Inc. (I)(L) 6,533 132,032
Moog, Inc., Class A (I) 29,316 1,345,898
National Presto Industries, Inc. (L) 3,105 349,871
Orbital Sciences Corp., Class A (I) 37,225 704,297
Taser International, Inc. (I)(L) 42,385 172,507
Teledyne Technologies, Inc. (I) 23,360 1,207,946
Triumph Group, Inc. (L) 10,711 947,388
 
    15,258,848
Air Freight & Logistics - 0.39%    
Air Transport Services Group, Inc. (I) 35,992 304,132
Atlas Air Worldwide Holdings, Inc. (I) 16,835 1,173,736
Forward Air Corp. 19,309 591,435
HUB Group, Inc., Class A (I) 24,430 884,122
Pacer International, Inc. (I) 24,243 127,518
Park-Ohio Holdings Corp. (I) 5,571 115,097
 
    3,196,040
Airlines - 0.64%    
AirTran Holdings, Inc. (I) 87,743 653,685
Alaska Air Group, Inc. (I) 23,098 1,464,875
Allegiant Travel Company (L) 9,013 394,860
Hawaiian Holdings, Inc. (I) 34,300 206,143
JetBlue Airways Corp. (I)(L) 157,796 989,381
Pinnacle Airlines Corp. (I) 13,513 77,700
Republic Airways Holdings, Inc. (I)(L) 22,742 146,231
Skywest, Inc. 25,401 429,785
US Airways Group, Inc. (I)(L) 104,757 912,433
 
    5,275,093
Building Products - 0.64%    
A.O. Smith Corp. 23,586 1,045,803
AAON, Inc. (L) 8,394 276,163
American Woodmark Corp. 6,250 130,500
Ameron International Corp. 6,068 423,486
Apogee Enterprises, Inc. 18,622 245,624
Builders FirstSource, Inc. (I)(L) 33,646 95,555

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Building Products (continued)    
Gibraltar Industries, Inc. (I) 19,974 $ 238,290
Griffon Corp. (I) 29,332 385,129
Insteel Industries, Inc. 12,251 173,229
NCI Building Systems, Inc. (I) 12,791 162,062
Quanex Building Products Corp. 24,591 482,721
Simpson Manufacturing Company, Inc. (L) 25,441 749,492
Trex Company, Inc. (I) 10,543 343,913
Universal Forest Products, Inc. 12,702 465,528
 
    5,217,495
Commercial Services & Supplies - 2.48%    
ABM Industries, Inc. 33,756 857,065
ACCO Brands Corp. (I) 36,133 344,709
American Reprographics Company (I) 25,499 263,915
APAC Customer Services, Inc. (I) 21,957 131,962
Casella Waste Systems, Inc., Class A (I) 18,030 129,275
Cenveo, Inc. (I) 37,609 245,587
Clean Harbors, Inc. (I) 14,747 1,454,939
Consolidated Graphics, Inc. (I) 6,190 338,160
Courier Corp. 8,275 115,519
Deluxe Corp. 33,602 891,797
EnergySolutions, Inc. 57,639 343,528
EnerNOC, Inc. (I)(L) 12,977 247,990
Ennis, Inc. 17,211 293,103
Fuel Tech, Inc. (I) 13,063 116,261
G&K Services, Inc., Class A 12,161 404,353
Healthcare Services Group, Inc. 42,968 755,377
Herman Miller, Inc. 36,879 1,013,804
Higher One Holdings, Inc. (I) 5,678 82,047
HNI Corp. (L) 29,243 922,909
Innerworkings, Inc. (I)(L) 17,009 125,526
Interface, Inc., Class A 32,743 605,418
Kimball International, Inc., Class B 20,916 146,412
Knoll, Inc. (L) 30,651 642,445
M&F Worldwide Corp. (I) 7,252 182,170
McGrath Rentcorp 15,608 425,630
Metalico, Inc. (I)(L) 25,863 160,868
Mine Safety Appliances Company 17,055 625,407
Mobile Mini, Inc. (I)(L) 23,732 570,043
Multi-Color Corp. 7,974 161,155
Rollins, Inc. 41,935 851,281
Schawk, Inc., Class A 7,598 147,705
Standard Parking Corp. (I) 11,293 200,564
Steelcase, Inc., Class A 49,519 563,526
Sykes Enterprises, Inc. (I) 26,954 532,881
Team, Inc. (I) 12,665 332,583
Tetra Tech, Inc. (I) 39,809 982,884
The Brinks Company 31,119 1,030,350
The Geo Group, Inc. (I) 39,680 1,017,395
Unifirst Corp. 7,780 412,418
United Stationers, Inc. 15,698 1,115,343
US Ecology, Inc. 12,616 219,897
Viad Corp. 13,403 320,868
 
    20,325,069
Construction & Engineering - 0.84%    
Argan, Inc. (I) 6,291 53,851
Comfort Systems USA, Inc. 25,210 354,705
Dycom Industries, Inc. (I) 25,316 438,979
EMCOR Group, Inc. (I) 42,990 1,331,400
Furmanite Corp. (I) 25,302 202,416
Granite Construction, Inc. (L) 22,681 637,336
Great Lakes Dredge & Dock Corp. (L) 38,623 294,693
Insituform Technologies, Inc., Class A (I) 25,637 685,790
Layne Christensen Company (I) 12,768 440,496

 

314

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Construction & Engineering (continued)    
MasTec, Inc. (I) 34,584 $ 719,347
Michael Baker Corp. (I) 5,474 159,129
MYR Group, Inc. (I) 13,426 321,150
Northwest Pipe Company (I) 6,456 148,036
Orion Marine Group, Inc. (I) 17,845 191,655
Pike Electric Corp. (I) 11,900 113,288
Primoris Services Corp. 13,407 135,947
Sterling Construction Company, Inc. (I) 11,363 191,807
Tutor Perini Corp. (L) 17,382 423,426
 
    6,843,451
Electrical Equipment - 1.76%    
A123 Systems, Inc. (I)(L) 47,343 300,628
Acuity Brands, Inc. 28,200 1,649,418
Advanced Battery Technologies, Inc. (I)(L) 40,430 78,434
American Superconductor Corp. (I)(L) 29,225 726,826
AZZ, Inc. 8,267 376,975
Belden, Inc. 30,456 1,143,623
Brady Corp., Class A (L) 31,573 1,126,840
Broadwind Energy, Inc. (I)(L) 63,258 82,868
Capstone Turbine Corp. (I)(L) 165,827 300,147
Encore Wire Corp. 12,352 300,648
Ener1, Inc. (I)(L) 39,909 118,131
EnerSys (I) 31,304 1,244,334
Franklin Electric Company, Inc. 15,344 708,893
Fuelcell Energy, Inc. (I)(L) 68,801 147,234
Generac Holdings, Inc. (I) 12,972 263,202
GrafTech International, Ltd. (I) 78,286 1,615,040
II-VI, Inc. (I) 16,329 812,368
LaBarge, Inc. (I) 9,404 166,451
LSI Industries, Inc. 11,300 81,812
Polypore International, Inc. (I) 14,174 816,139
Powell Industries, Inc. (I) 6,103 240,702
PowerSecure International, Inc. (I) 13,665 117,519
Satcon Technology Corp. (I)(L) 73,178 282,467
UQM Technologies, Inc. (I)(L) 26,655 79,432
Vicor Corp. (L) 12,706 209,522
Woodward, Inc. 39,629 1,369,578
 
    14,359,231
Industrial Conglomerates - 0.22%    
Raven Industries, Inc. 10,541 647,428
Seaboard Corp. 211 509,143
Standex International Corp. 8,350 316,382
Tredegar Industries, Inc. 16,208 349,769
 
    1,822,722
Machinery - 3.44%    
3D Systems Corp. (I) 11,895 577,502
Actuant Corp., Class A (L) 43,941 1,274,289
Alamo Group, Inc. 4,244 116,498
Albany International Corp., Class A 18,045 449,321
Altra Holdings, Inc. (I) 17,777 419,893
American Railcar Industries, Inc. (I) 6,317 157,672
Ampco-Pittsburgh Corp. 5,876 162,060
Astec Industries, Inc. (I) 12,718 474,254
Badger Meter, Inc. (L) 9,943 409,751
Barnes Group, Inc. (L) 31,705 662,000
Blount International, Inc. (I) 31,337 500,765
Briggs & Stratton Corp. (L) 32,483 735,740
Cascade Corp. 5,942 264,894
Chart Industries, Inc. (I) 18,697 1,029,083
CIRCOR International, Inc. 11,074 520,699
CLARCOR, Inc. 32,507 1,460,540
Colfax Corp. (I) 15,603 358,089
Columbus McKinnon Corp. (I) 12,620 232,965

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Commercial Vehicle Group, Inc. (I) 16,133 $ 287,813
Douglas Dynamics, Inc. 7,472 106,551
Dynamic Materials Corp. 9,275 259,236
Energy Recovery, Inc. (I)(L) 28,913 91,943
EnPro Industries, Inc. (I)(L) 13,281 482,366
ESCO Technologies, Inc. 17,265 658,660
Federal Signal Corp. 41,286 268,772
Flow International Corp. (I) 33,544 147,258
Force Protection, Inc. (I) 46,464 227,674
FreightCar America, Inc. (I) 7,870 255,854
Graham Corp. 7,291 174,547
Greenbrier Companies, Inc. (I) 12,456 353,501
John Bean Technologies Corp. 18,367 353,197
Kadant, Inc. (I) 8,666 226,963
Kaydon Corp. 21,629 847,641
L.B. Foster Company 6,854 295,476
Lindsay Corp. (L) 8,098 639,904
Lydall, Inc. (I) 12,504 111,161
Meritor, Inc. (I) 61,156 1,037,817
Met-Pro Corp. 11,502 136,874
Middleby Corp. (I)(L) 10,797 1,006,496
Miller Industries, Inc. 7,665 124,480
Mueller Industries, Inc. 24,469 896,055
Mueller Water Products, Inc. 100,533 450,388
NACCO Industries, Inc., Class A 3,749 414,902
Nordson Corp. 22,122 2,545,357
PMFG, Inc. (I)(L) 10,307 219,951
RBC Bearings, Inc. (I)(L) 14,067 537,781
Robbins & Myers, Inc. 25,201 1,158,994
Sauer-Danfoss, Inc. (I) 7,513 382,637
Sun Hydraulics, Inc. 8,240 355,144
Tecumseh Products Company, Class A (I) 12,058 120,821
Tennant Company 12,192 512,552
The Gorman-Rupp Company 8,034 316,459
Titan International, Inc. (L) 22,919 609,875
TriMas Corp. (I) 9,846 211,689
Twin Disc, Inc. 4,821 155,333
Wabash National Corp. (I) 43,292 501,321
Watts Water Technologies, Inc., Class A (L) 18,923 722,669
Xerium Technologies, Inc. (I) 5,124 123,232
 
    28,135,359
Marine - 0.10%    
Baltic Trading, Ltd. 12,172 111,009
Eagle Bulk Shipping, Inc. (I)(L) 42,157 156,824
Excel Maritime Carriers, Ltd. (I)(L) 26,667 114,401
Genco Shipping & Trading, Ltd. (I)(L) 18,634 200,688
Horizon Lines, Inc. (L) 23,564 20,029
International Shipholding Corp. 4,536 112,946
Ultrapetrol Bahamas, Ltd. (I)(L) 16,320 82,906
 
    798,803
Professional Services - 1.24%    
Acacia Research - Acacia Technologies (I) 22,040 754,209
CBIZ, Inc. (I)(L) 30,627 220,821
CDI Corp. 8,472 125,301
CoStar Group, Inc. (I)(L) 13,514 847,058
CRA International, Inc. (I) 7,710 222,279
Exponent, Inc. (I) 9,192 410,055
Franklin Covey Company (I) 7,726 66,907
GP Strategies Corp. (I) 8,368 113,805
Heidrick & Struggles International, Inc. 11,531 320,908
Hill International, Inc. (I) 18,691 98,875
Hudson Highland Group, Inc. (I)(L) 22,952 149,188
Huron Consulting Group, Inc. (I) 14,631 405,132

 

315

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Professional Services (continued)    
ICF International, Inc. (I) 11,357 $ 233,273
Insperity, Inc. 14,290 434,130
Kelly Services, Inc., Class A (I) 17,179 372,956
Kforce, Inc. (I) 20,040 366,732
Korn/Ferry International (I) 30,027 668,701
Mistras Group, Inc. (I) 10,483 180,412
Navigant Consulting Company (I) 33,565 335,314
On Assignment, Inc. (I) 24,701 233,671
Resources Connection, Inc. 30,288 587,284
School Specialty, Inc. (I)(L) 12,842 183,641
SFN Group, Inc. (I) 33,898 477,623
The Advisory Board Company (I) 10,108 520,562
The Corporate Executive Board Company 22,323 901,180
The Dolan Company (I) 20,112 244,160
TrueBlue, Inc. (I) 28,672 481,403
Volt Information Sciences, Inc. (I) 11,038 90,512
VSE Corp. 3,082 91,566
 
    10,137,658
Road & Rail - 1.09%    
AMERCO, Inc. (I)(L) 5,560 539,320
Arkansas Best Corp. 16,708 433,071
Avis Budget Group, Inc. (I)(L) 66,883 1,197,875
Celadon Group, Inc. (I) 14,015 227,604
Dollar Thrifty Automotive Group, Inc. (I) 18,647 1,244,314
Genesee & Wyoming, Inc., Class A (I) 24,954 1,452,323
Heartland Express, Inc. (L) 33,055 580,446
Knight Transportation, Inc. (L) 38,676 744,513
Marten Transport, Ltd. 10,539 235,020
Old Dominion Freight Line, Inc. (I) 27,288 957,536
RailAmerica, Inc. (I) 15,051 256,469
Roadrunner Transportation Systems, Inc. (I) 5,361 80,415
Saia, Inc. (I) 11,115 182,175
USA Truck, Inc. (I) 6,608 85,904
Werner Enterprises, Inc. (L) 28,016 741,584
 
    8,958,569
Trading Companies & Distributors - 1.01%    
Aceto Corp. 18,443 146,991
Aircastle, Ltd. (L) 32,967 397,912
Applied Industrial Technologies, Inc. 27,402 911,391
Beacon Roofing Supply, Inc. (I) 29,871 611,459
CAI International, Inc. (I) 7,052 182,365
DXP Enterprises, Inc. (I) 5,686 131,233
H&E Equipment Services, Inc. (I) 18,371 358,418
Houston Wire & Cable Company (L) 12,886 188,393
Interline Brands, Inc. (I) 21,632 441,293
Kaman Corp., Class A 16,684 587,277
RSC Holdings, Inc. (I)(L) 32,618 469,047
Rush Enterprises, Inc., Class A (I) 21,118 418,136
TAL International Group, Inc. 11,041 400,457
Textainer Group Holdings, Ltd. 6,084 226,081
Titan Machinery, Inc. (I) 8,682 219,221
United Rentals, Inc. (I)(L) 39,409 1,311,532
Watsco, Inc. 17,920 1,249,203
 
    8,250,409
    128,578,747
Information Technology - 19.26%    
Communications Equipment - 2.99%    
Acme Packet, Inc. (I)(L) 28,428 2,017,251
ADTRAN, Inc. (L) 40,292 1,710,798
Anaren, Inc. (I) 10,223 205,482
Arris Group, Inc. (I) 82,370 1,049,394
Aruba Networks, Inc. (I)(L) 49,221 1,665,639

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Communications Equipment (continued)    
Aviat Networks, Inc. (I) 40,063 $ 207,126
Bel Fuse, Inc., Class B 7,202 158,516
BigBand Networks, Inc. (I) 36,145 92,170
Black Box Corp. 11,566 406,545
Blue Coat Systems, Inc. (I) 27,073 762,376
Calix, Inc. (I) 2,231 45,312
Comtech Telecommunications Corp. 18,618 506,037
DG Fastchannel, Inc. (I) 16,372 527,506
Digi International, Inc. (I) 17,350 183,216
EMS Technologies, Inc. (I) 10,482 206,024
Emulex Corp. (I) 52,641 561,679
Extreme Networks, Inc. (I) 61,188 214,158
Finisar Corp. (I)(L) 48,952 1,204,219
Globecomm Systems, Inc. (I) 15,529 191,473
Harmonic, Inc. (I) 63,521 595,827
Infinera Corp. (I)(L) 57,278 480,562
InterDigital, Inc. (L) 28,610 1,364,983
Ixia (I) 21,403 339,880
KVH Industries, Inc. (I) 10,593 160,166
Loral Space & Communications, Inc. (I) 6,990 542,075
NETGEAR, Inc. (I)(L) 22,895 742,714
Network Engines, Inc. (I) 27,921 56,680
Network Equipment Technologies, Inc. (I)(L) 21,823 82,273
Oclaro, Inc. (I) 32,341 372,245
Oplink Communications, Inc. (I) 12,882 251,070
PC-Tel, Inc. (I) 14,897 114,260
Plantronics, Inc. 31,291 1,145,876
Powerwave Technologies, Inc. (I) 89,192 402,256
Riverbed Technology, Inc. (I) 81,922 3,084,335
Seachange International, Inc. (I)(L) 19,545 185,678
ShoreTel, Inc. (I) 30,245 248,916
Sonus Networks, Inc. (I) 135,166 508,224
Sycamore Networks, Inc. 12,600 307,818
Symmetricom, Inc. (I) 30,243 185,390
Tekelec, Inc. (I) 44,657 362,615
UTStarcom, Inc. (I)(L) 78,951 185,535
Viasat, Inc. (I)(L) 21,567 859,229
 
    24,493,528
Computers & Peripherals - 0.69%    
Avid Technology, Inc. (I)(L) 18,877 420,957
Cray, Inc. (I) 23,880 154,026
Electronics for Imaging, Inc. (I) 29,461 433,371
Hutchinson Technology, Inc. (I)(L) 17,217 48,552
Hypercom Corp. (I) 30,253 363,944
Imation Corp. (I)(L) 19,260 214,556
Immersion Corp. (I) 20,147 153,923
Intermec, Inc. (I) 31,960 344,848
Intevac, Inc. (I) 14,878 184,934
Novatel Wireless, Inc. (I)(L) 20,761 113,355
Presstek, Inc. (I) 21,697 45,130
Quantum Corp. (I) 139,545 351,653
Rimage Corp. 7,547 121,884
Silicon Graphics International Corp. (I) 20,750 444,050
STEC, Inc. (I)(L) 26,535 533,088
Stratasys, Inc. (I)(L) 13,358 627,826
Super Micro Computer, Inc. (I) 16,280 261,131
Synaptics, Inc. (I)(L) 22,034 595,359
Xyratex, Ltd. (I) 19,770 221,029
 
    5,633,616
Electronic Equipment, Instruments & Components - 2.59%  
Agilysys, Inc. (I) 12,404 71,199
Anixter International, Inc. (L) 18,213 1,272,907
Benchmark Electronics, Inc. (I) 40,893 775,740

 

316

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
Brightpoint, Inc. (I) 46,320 $ 502,109
Checkpoint Systems, Inc. (I)(L) 25,780 579,534
Cognex Corp. 25,844 730,093
Coherent, Inc. (I) 16,475 957,362
Comverge, Inc. (I) 17,771 82,813
CTS Corp. 22,798 246,218
Daktronics, Inc. (L) 22,188 238,521
DDi Corp. 9,803 103,618
DTS, Inc. (I) 11,293 526,593
Echelon Corp. (I) 21,828 221,118
Electro Rent Corp. 11,398 195,818
Electro Scientific Industries, Inc. (I) 18,169 315,414
Fabrinet (I) 5,586 112,614
FARO Technologies, Inc. (I) 10,683 427,320
Gerber Scientific, Inc. (I) 18,216 170,502
Insight Enterprises, Inc. (I) 30,270 515,498
IPG Photonics Corp. (I) 16,928 976,407
L-1 Identity Solutions, Inc. (I) 50,018 589,212
Littelfuse, Inc. 14,329 818,186
Maxwell Technologies, Inc. (I) 17,502 302,260
Measurement Specialties, Inc. (I) 9,666 329,224
Mercury Computer Systems, Inc. (I) 15,535 328,721
Methode Electronics, Inc. 24,624 297,458
Microvision, Inc. (I)(L) 60,480 79,834
MTS Systems Corp. 10,716 488,114
Multi-Fineline Electronix, Inc. (I) 7,065 199,374
Newport Corp. (I) 23,987 427,688
OSI Systems, Inc. (I) 10,494 393,840
Park Electrochemical Corp. 13,467 434,311
Plexus Corp. (I) 26,274 921,166
Power-One, Inc. (I)(L) 44,334 387,923
Pulse Electronics Corp. (L) 29,067 175,855
RadiSys Corp. (I) 17,250 149,385
Richardson Electronics, Ltd. 10,925 143,992
Rofin-Sinar Technologies, Inc. (I) 18,533 732,054
Rogers Corp. (I) 10,287 463,532
Sanmina-SCI Corp. (I) 51,836 581,082
Scansource, Inc. (I) 17,577 667,750
SMART Modular    
Technologies (WWH), Inc. (I) 34,627 269,052
Spectrum Control, Inc. (I) 9,198 181,017
SYNNEX Corp. (I)(L) 14,642 479,233
TTM Technologies, Inc. (I) 52,173 947,462
Universal Display Corp. (I)(L) 19,671 1,082,692
X-Rite, Inc. (I)(L) 22,459 106,680
Zygo Corp. (I) 12,677 185,338
 
    21,183,833
Internet Software & Services - 2.24%    
Ancestry.com, Inc. (I) 12,478 442,345
comScore, Inc. (I) 14,870 438,814
Constant Contact, Inc. (I)(L) 18,777 655,317
DealerTrack Holdings, Inc. (I) 26,507 608,601
Dice Holdings, Inc. (I) 8,849 133,708
Digital River, Inc. (I)(L) 25,797 965,582
Earthlink, Inc. 70,945 555,499
Envestnet, Inc. (I) 4,166 55,991
GSI Commerce, Inc. (I)(L) 41,995 1,229,194
InfoSpace, Inc. (I) 24,269 210,170
Internap Network Services Corp. (I) 35,167 231,047
Intralinks Holdings, Inc. (I) 6,485 173,409
j2 Global Communications, Inc. (I)(L) 29,603 873,585
Keynote Systems, Inc. 9,721 180,325
KIT Digital, Inc. (I)(L) 13,204 158,976

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet Software & Services (continued)    
Limelight Networks, Inc. (I) 29,429 $ 210,712
Liquidity Services, Inc. (I) 9,946 177,636
LivePerson, Inc. (I) 29,659 374,890
Local.com Corp. (I)(L) 11,780 45,824
LogMeIn, Inc. (I) 9,782 412,409
LoopNet, Inc. (I) 12,713 179,889
Marchex, Inc., Class B 11,724 92,268
ModusLink Global Solutions, Inc. 29,892 163,210
Move, Inc. (I) 104,768 250,396
NIC, Inc. 37,165 463,076
OpenTable, Inc. (I) 10,308 1,096,256
Openwave Systems, Inc. (I) 58,762 125,751
Perficient, Inc. (I) 15,954 191,608
Quinstreet, Inc. (I) 6,741 153,223
Rackspace Hosting, Inc. (I)(L) 63,043 2,701,393
RealNetworks, Inc. (I) 55,362 205,947
RightNow Technologies, Inc. (I) 14,259 446,307
Saba Software, Inc. (I) 21,812 213,976
SAVVIS, Inc. (I) 24,450 906,851
Stamps.com, Inc. 5,932 79,192
Support.com, Inc. (I) 31,357 162,743
Terremark Worldwide, Inc. (I) 38,150 724,850
The Knot, Inc. (I) 20,494 246,953
Travelzoo, Inc. (I)(L) 3,351 223,143
United Online, Inc. 57,909 365,116
ValueClick, Inc. (I) 52,986 766,178
Vocus, Inc. (I) 11,077 286,451
Zix Corp. (I) 38,483 141,617
 
    18,320,428
IT Services - 2.16%    
Acxiom Corp. (I) 44,528 638,977
CACI International, Inc., Class A (I) 19,595 1,201,565
Cardtronics, Inc. (I) 17,773 361,681
Cass Information Systems, Inc. 5,913 232,322
CIBER, Inc. (I) 42,334 283,638
Computer Task Group, Inc. (I) 10,867 144,422
CSG Systems International, Inc. (I) 22,554 449,727
Echo Global Logistics, Inc. (I) 7,685 100,904
Euronet Worldwide, Inc. (I)(L) 32,026 619,063
ExlService Holdings, Inc. (I) 10,082 213,234
Forrester Research, Inc. 9,772 374,170
Global Cash Access Holdings, Inc. (I) 34,979 114,381
Heartland Payment Systems, Inc. 24,819 435,077
iGate Corp. (L) 15,460 290,184
Integral Systems, Inc. (I) 13,627 165,841
Jack Henry & Associates, Inc. 55,296 1,873,981
Lionbridge Technologies, Inc. (I) 40,974 140,541
ManTech International Corp., Class A (I) 14,436 612,086
MAXIMUS, Inc. 11,397 925,094
MoneyGram International, Inc. (I)(L) 60,484 207,460
NCI, Inc. (I) 4,801 117,000
Online Resources Corp. (I) 20,423 77,199
Sapient Corp. (I) 67,045 767,665
SRA International, Inc., Class A (I) 27,962 793,002
Syntel, Inc. 8,539 445,992
TeleTech Holdings, Inc. (I) 19,710 381,980
TNS, Inc. (I) 17,338 269,953
Unisys Corp. (I) 27,820 868,540
VeriFone Systems, Inc. (I) 55,525 3,051,099
Virtusa Corp. (I) 9,265 173,533
Wright Express Corp. (I) 25,192 1,305,953
 
    17,636,264

 

317

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment - 3.96%  
Advanced Analogic Technologies, Inc. (I) 32,309 $ 122,128
Advanced Energy Industries, Inc. (I) 23,693 387,381
Amkor Technology, Inc. (I)(L) 68,296 460,315
Anadigics, Inc. (I) 42,762 191,574
Applied Micro Circuits Corp. (I) 42,837 444,648
ATMI, Inc. (I) 20,523 387,474
Axcelis Technologies, Inc. (I) 69,504 184,186
AXT, Inc. (I)(L) 20,917 149,975
Brooks Automation, Inc. (I) 42,476 583,195
Cabot Microelectronics Corp. (I) 15,408 805,068
Cavium Networks, Inc. (I)(L) 28,817 1,294,748
CEVA, Inc. (I) 13,798 368,821
Cirrus Logic, Inc. (I)(L) 43,946 924,184
Cohu, Inc. 15,695 241,075
Conexant Systems, Inc. (I)(L) 57,669 137,252
Cymer, Inc. (I) 19,524 1,104,668
Diodes, Inc. (I) 22,108 752,998
DSP Group, Inc. (I) 17,129 131,893
Energy Conversion Devices, Inc. (I)(L) 31,524 71,244
Entegris, Inc. (I) 85,114 746,450
Entropic Communications, Inc. (I)(L) 41,150 347,718
Evergreen Solar, Inc. (I)(L) 22,064 29,786
Exar Corp. (I) 25,135 151,313
FEI Company (I) 24,823 837,032
FormFactor, Inc. (I) 32,734 337,160
FSI International, Inc. (I) 26,915 117,888
GSI Technology, Inc. (I) 14,335 130,305
GT Solar International, Inc. (I)(L) 40,664 433,478
Hittite Microwave Corp. (I) 17,679 1,127,390
Integrated Device Technology, Inc. (I) 105,480 777,388
Integrated Silicon Solution, Inc. (I) 17,855 165,516
IXYS Corp. (I) 16,336 219,392
Kopin Corp. (I) 45,572 209,175
Kulicke & Soffa Industries, Inc. (I) 45,822 428,436
Lattice Semiconductor Corp. (I) 75,520 445,568
LTX-Credence Corp. (I) 32,208 294,059
Mattson Technology, Inc. (I)(L) 34,926 85,219
Micrel, Inc. 32,871 443,101
Microsemi Corp. (I) 53,773 1,113,639
Mindspeed Technologies, Inc. (I) 21,962 185,799
MIPS Technologies, Inc. (I) 29,880 313,441
MKS Instruments, Inc. 32,587 1,085,147
Monolithic Power Systems, Inc. (I) 21,320 302,531
Nanometrics, Inc. (I) 12,009 217,243
Netlogic Microsystems, Inc. (I)(L) 40,594 1,705,760
NVE Corp. (I) 3,418 192,570
OmniVision Technologies, Inc. (I)(L) 33,776 1,200,061
PDF Solutions, Inc. (I) 18,259 121,422
Pericom Semiconductor Corp. (I) 17,741 183,974
Photronics, Inc. (I) 35,247 316,166
PLX Technology, Inc. (I) 27,934 101,959
Power Integrations, Inc. 16,035 614,622
RF Micro Devices, Inc. (I) 174,309 1,117,321
Rubicon Technology, Inc. (I)(L) 10,387 287,512
Rudolph Technologies, Inc. (I) 21,397 234,083
Semtech Corp. (I) 40,181 1,005,329
Sigma Designs, Inc. (I) 20,681 267,819
Silicon Image, Inc. (I) 49,886 447,477
Spansion, Inc., Class A (I) 8,476 158,247
Standard Microsystems Corp. (I) 14,557 358,976
Supertex, Inc. (I) 6,873 153,130
Tessera Technologies, Inc. (I) 32,651 596,207
Trident Microsystems, Inc. (I) 45,752 52,615
TriQuint Semiconductor, Inc. (I)(L) 100,649 1,299,379
Ultra Clean Holdings, Inc. (I) 15,266 157,850

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Ultratech, Inc. (I) 15,797 $ 464,432
Veeco Instruments, Inc. (I)(L) 26,315 1,337,855
Volterra Semiconductor Corp. (I)(L) 16,183 401,824
Zoran Corp. (I) 33,911 352,335
 
    32,415,926
Software - 4.63%    
Accelrys, Inc. (I) 36,590 292,720
ACI Worldwide, Inc. (I) 22,422 735,442
Actuate Corp. (I) 31,629 164,471
Advent Software, Inc. (I)(L) 20,634 591,577
American Software, Inc., Class A 12,439 91,800
Ariba, Inc. (I) 58,421 1,994,493
Aspen Technology, Inc. (I) 40,749 610,828
Blackbaud, Inc. 29,389 800,556
Blackboard, Inc. (I)(L) 22,310 808,514
Bottomline Technologies, Inc. (I) 20,691 520,172
BroadSoft, Inc. (I) 4,370 208,405
CDC Corp., Class A (I) 21,153 53,940
CommVault Systems, Inc. (I) 28,145 1,122,423
Concur Technologies, Inc. (I)(L) 26,150 1,450,018
Deltek, Inc. (I) 13,930 105,868
DemandTec, Inc. (I) 13,133 172,830
Digimarc Corp. (I) 5,005 144,645
Ebix, Inc. (I) 17,705 418,723
Epicor Software Corp. (I) 32,169 356,111
EPIQ Systems, Inc. 22,154 318,131
Fair Isaac Corp. (L) 27,269 861,973
Fortinet, Inc. (I) 26,710 1,175,240
Interactive Intelligence, Inc. (I) 8,689 336,351
JDA Software Group, Inc. (I) 27,273 825,281
Kenexa Corp. (I) 14,913 411,450
Lawson Software, Inc. (I) 90,409 1,093,949
Magma Design Automation, Inc. (I) 39,135 266,901
Manhattan Associates, Inc. (I) 14,890 487,201
Mentor Graphics Corp. (I) 69,588 1,018,072
MicroStrategy, Inc., Class A (I) 5,931 797,601
Monotype Imaging Holdings, Inc. (I) 15,128 219,356
Motricity, Inc. (I) 2,964 44,549
Netscout Systems, Inc. (I) 20,102 549,187
NetSuite, Inc. (I)(L) 11,941 347,244
Opnet Technologies, Inc. 8,856 345,295
Parametric Technology Corp. (I) 75,260 1,692,597
Pegasystems, Inc. (L) 10,563 400,760
Progress Software Corp. (I) 41,127 1,196,384
PROS Holdings, Inc. (I) 13,633 198,633
QLIK Technologies, Inc. (I) 7,769 201,994
Quest Software, Inc. (I) 38,823 985,716
Radiant Systems, Inc. (I) 20,442 361,823
RealD, Inc. (I)(L) 8,499 232,533
RealPage, Inc. (I) 8,427 233,681
Renaissance Learning, Inc. 9,034 106,150
Rosetta Stone, Inc. (I)(L) 7,141 94,333
Rovi Corp. (I) 3,111 166,905
S1 Corp. (I) 35,030 234,000
Smith Micro Software, Inc. (I) 19,993 187,134
SolarWinds, Inc. (I) 22,899 537,211
Sourcefire, Inc. (I)(L) 18,017 495,648
SRS Labs, Inc. (I) 9,811 83,786
SS&C Technologies Holdings, Inc. (I) 5,902 120,519
SuccessFactors, Inc. (I)(L) 40,927 1,599,836
Synchronoss Technologies, Inc. (I) 13,361 464,295
Take-Two Interactive Software, Inc. (I)(L) 45,958 706,374
Taleo Corp. (I) 25,960 925,474
TeleCommunication Systems, Inc. (I) 31,121 128,219

 

318

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
THQ, Inc. (I)(L) 44,618 $ 203,458
TIBCO Software, Inc. (I) 107,796 2,937,441
TiVo, Inc. (I)(L) 75,197 658,726
Tyler Technologies, Inc. (I)(L) 20,711 491,058
Ultimate Software Group, Inc. (I)(L) 16,343 960,151
VASCO Data Security International, Inc. (I) 18,712 256,916
Virnetx Holding Corp. (L) 22,555 449,070
Wave Systems Corp. Class A (I)(L) 54,742 171,342
Websense, Inc. (I) 28,289 649,798
 
    37,873,282
    157,556,877
Materials - 5.83%    
Chemicals - 2.62%    
A. Schulman, Inc. 20,429 505,005
American Vanguard Corp. 14,922 129,523
Arch Chemicals, Inc. 14,776 614,534
Balchem Corp. 18,463 692,732
Calgon Carbon Corp. (I)(L) 36,653 582,050
Ferro Corp. (I) 55,940 928,045
Georgia Gulf Corp. (I) 22,035 815,295
H.B. Fuller Company 31,758 682,162
Hawkins, Inc. (L) 5,730 235,388
Innophos Holdings, Inc. 13,898 640,837
Koppers Holdings, Inc. 13,490 576,023
Kraton Performance Polymers, Inc. (I) 7,348 281,061
Landec Corp. (I) 20,499 133,244
LSB Industries, Inc. (I) 11,279 447,100
Minerals Technologies, Inc. 12,185 834,916
NewMarket Corp. 6,684 1,057,542
Olin Corp. (L) 50,920 1,167,086
OM Group, Inc. (I) 20,015 731,348
Omnova Solutions, Inc. (I) 29,728 233,959
PolyOne Corp. 60,313 857,048
Quaker Chemical Corp. 7,350 295,250
Rockwood Holdings, Inc. (I) 33,785 1,662,898
Senomyx, Inc. (I)(L) 26,190 158,188
Sensient Technologies Corp. 32,283 1,157,023
Solutia, Inc. (I) 78,775 2,000,885
Spartech Corp. (I)(L) 20,496 148,596
Stepan Company 5,058 366,705
STR Holdings, Inc. (I)(L) 18,548 355,751
TPC Group, Inc. (I) 5,260 151,856
W.R. Grace & Company (I) 47,215 1,807,862
Westlake Chemical Corp. 12,684 712,841
Zep, Inc. 14,469 251,905
Zoltek Companies, Inc. (I) 18,607 249,892
 
    21,464,550
Construction Materials - 0.11%    
Headwaters, Inc. (I) 40,759 240,478
Texas Industries, Inc. (L) 13,542 612,505
 
    852,983
Containers & Packaging - 0.54%    
AEP Industries, Inc. (I) 3,365 100,008
Boise, Inc. (L) 45,896 420,407
Graham Packaging Company, Inc. (I) 12,099 210,886
Graphic Packaging Holding Company (I) 73,824 400,126
Myers Industries, Inc. 23,301 231,379
Rock-Tenn Company, Class A (L) 25,227 1,749,492
Silgan Holdings, Inc. 34,889 1,330,666
 
    4,442,964

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Metals & Mining - 2.00%    
A. M. Castle & Company (I) 11,204 $ 211,532
Allied Nevada Gold Corp. (I) 48,752 1,729,721
AMCOL International Corp. (L) 15,648 563,015
Capital Gold Corp. (I) 39,391 253,284
Century Aluminum Company (I) 41,425 773,819
Coeur d’Alene Mines Corp. (I)(L) 57,154 1,987,816
Contango ORE, Inc. (I) 804 14,866
General Moly, Inc. (I)(L) 42,407 228,150
Globe Specialty Metals, Inc. 39,894 907,987
Golden Star Resources, Ltd. (I) 167,451 497,329
Haynes International, Inc. 7,996 443,378
Hecla Mining Company (I)(L) 165,423 1,502,041
Horsehead Holding Corp. (I) 28,319 482,839
Jaguar Mining, Inc. (I)(L) 55,156 287,914
Kaiser Aluminum Corp. (L) 9,905 487,821
Materion Corp. (I) 13,185 537,948
Metals USA Holdings Corp. (I) 7,867 128,783
Molycorp, Inc. (I) 16,230 974,125
Noranda Aluminum Holding Corp. (I) 6,234 100,056
Olympic Steel, Inc. 6,250 205,063
RTI International Metals, Inc. (I) 19,577 609,824
Stillwater Mining Company (I) 28,842 661,347
Thompson Creek Metals Company, Inc. (I) 90,512 1,135,020
Universal Stainless & Alloy Products, Inc. (I) 4,719 159,172
US Energy Corp. (I) 19,471 121,888
US Gold Corp. (I) 64,363 568,325
Worthington Industries, Inc. 36,540 764,417
 
    16,337,480
Paper & Forest Products - 0.56%    
Buckeye Technologies, Inc. 25,632 697,959
Clearwater Paper Corp. (I) 7,505 610,907
Deltic Timber Corp. 7,151 477,973
KapStone Paper and Packaging Corp. (I) 25,212 432,890
Louisiana-Pacific Corp. (I)(L) 82,113 862,187
Neenah Paper, Inc. 10,357 227,543
P.H. Glatfelter Company 30,327 403,956
Schweitzer-Mauduit International, Inc. 11,924 603,474
Wausau Paper Corp. (L) 32,667 249,576
 
    4,566,465
 
    47,664,442
Telecommunication Services - 0.80%    
Diversified Telecommunication Services - 0.67%    
AboveNet, Inc. 14,395 933,660
Alaska Communications    
Systems Group, Inc. (L) 30,600 325,890
Atlantic Tele-Network, Inc. 6,140 228,347
Cbeyond, Inc. (I) 17,718 206,769
Cincinnati Bell, Inc. (I)(L) 133,590 358,021
Cogent Communications Group, Inc. (I) 29,715 424,033
Consolidated Communications Holdings, Inc. 16,962 317,698
General Communication, Inc., Class A (I) 31,366 343,144
Global Crossing, Ltd. (I)(L) 19,301 268,670
Globalstar, Inc. (I) 47,424 60,228
Hughes Communications, Inc. (I) 5,920 353,246
IDT Corp., Class B 9,293 250,446
Iridium Communications, Inc. (I)(L) 22,348 178,114
Neutral Tandem, Inc. (I)(L) 21,754 320,872
PAETEC Holding Corp. (I) 82,057 274,070
Premiere Global Services, Inc. (I) 40,080 305,410
Vonage Holdings Corp. (I) 68,792 313,692
 
    5,462,310

 

319

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Wireless Telecommunication Services - 0.13%    
FiberTower Corp. (I) 31,737 $ 63,791
ICO Global    
Communications Holdings, Ltd. (I) 64,227 171,486
NTELOS Holdings Corp. 19,410 357,338
Shenandoah Telecommunications Company 15,666 282,928
USA Mobility, Inc. 15,020 217,640
 
    1,093,183
    6,555,493
Utilities - 3.01%    
Electric Utilities - 1.23%    
Allete, Inc. 20,401 795,027
Central Vermont Public Service Corp. 9,621 224,073
Cleco Corp. 39,391 1,350,717
El Paso Electric Company (I) 28,798 875,459
IDACORP, Inc. 31,123 1,185,786
MGE Energy, Inc. 15,328 620,631
Otter Tail Corp. 23,758 540,019
PNM Resources, Inc. 56,433 841,980
Portland General Electric Company 48,657 1,156,577
The Empire District Electric Company (L) 26,972 587,720
UIL Holding Corp. 27,039 825,230
Unisource Energy Corp. 23,784 859,316
Unitil Corp. 9,152 215,621
 
    10,078,156
Gas Utilities - 1.12%    
Chesapeake Utilities Corp. 6,780 282,184
New Jersey Resources Corp. 26,282 1,128,812
Nicor, Inc. 28,875 1,550,588
Northwest Natural Gas Company (L) 16,984 783,472
Piedmont Natural Gas Company, Inc. (L) 45,677 1,386,297
South Jersey Industries, Inc. 19,187 1,073,896
Southwest Gas Corp. 29,017 1,130,792
The Laclede Group, Inc. 14,847 565,671
WGL Holdings, Inc. 32,015 1,248,585
 
    9,150,297
Independent Power Producers & Energy Traders - 0.05%  
Dynegy, Inc. (I) 68,944 392,291
Multi-Utilities - 0.36%    
Avista Corp. (L) 35,888 830,089
Black Hills Corp. (L) 25,581 855,429
CH Energy Group, Inc. 10,799 545,781
NorthWestern Corp. 23,801 721,170
 
    2,952,469
Water Utilities - 0.25%    
American States Water Company 12,502 448,322
Cadiz, Inc. (I)(L) 10,097 123,082
California Water Service Group 13,022 484,028
Connecticut Water Service, Inc. (L) 7,642 201,367
Consolidated Water Company, Ltd. 11,569 126,102
Middlesex Water Company 12,561 228,485
SJW Corp. 8,873 205,410
York Water Company 11,254 195,932
 
    2,012,728
    24,585,941
TOTAL COMMON STOCKS (Cost $487,355,771) $ 812,604,901

 

Small Cap Index Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
PREFERRED SECURITIES - 0.00%      
Health Care - 0.00%      
Health Care Equipment & Supplies - 0.00%    
Alere, Inc., 3.000%   6 1,653
TOTAL PREFERRED SECURITIES (Cost $1,286) $ 1,653
 
CORPORATE BONDS - 0.00%      
Financials - 0.00%      
GAMCO Investors, Inc.      
zero coupon, 12/31/2015 $ 15,500 $ 10,151
TOTAL CORPORATE BONDS (Cost $12,042) $ 10,151
 
WARRANTS - 0.00%      
Krispy Kreme Doughnuts, Inc. (Expiration      
Date: 3/2/2012; Strike Price: $12.21) (I)   251 43
TOTAL WARRANTS (Cost $0)   $ 43
 
SECURITIES LENDING COLLATERAL - 21.03%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   17,190,637 172,024,985
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $172,041,620)   $ 172,024,985
 
SHORT-TERM INVESTMENTS - 0.47%    
U.S. Government Agency* - 0.37%      
Federal Home Loan Bank Discount Notes,      
0.105%, 06/01/2011 $ 3,000,000 $ 2,999,466
Repurchase Agreement - 0.10%      
Repurchase Agreement with State Street Corp.    
dated 03/31/11 at 0.010% to be repurchased    
at $869,000 on 04/01/11, collateralized by    
$890,000 U.S. Treasury Notes, 4.375% due    
11/15/39 valued at $890,144,      
including interest)   869,000 869,000
TOTAL SHORT-TERM INVESTMENTS (Cost $3,868,466) $ 3,868,466
Total Investments (Small Cap Index Trust)    
(Cost $663,279,185) - 120.84%   $ 988,510,199
Other assets and liabilities, net - (20.84%)   (170,452,429)
 
TOTAL NET ASSETS - 100.00%   $ 818,057,770
 
 
 
Small Cap Opportunities Trust    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 97.97%      
Consumer Discretionary - 14.84%      
Auto Components - 1.64%      
Dana Holding Corp. (I)   59,592 $ 1,036,305
Dorman Products, Inc. (I)   1,425 59,978
Drew Industries, Inc.   1,556 34,745
Exide Technologies (I)   8,927 99,804
Federal Mogul Corp. (I)   5,117 127,413
Modine Manufacturing Company (I)   27,140 438,040
Motorcar Parts of America, Inc. (I)   2,433 34,013
Shiloh Industries, Inc.   1,515 17,695
Spartan Motors, Inc.   7,540 51,724
Standard Motor Products, Inc.   5,700 78,831
Superior Industries International, Inc.   7,211 184,890

 

320

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Auto Components (continued)    
TRW Automotive Holdings Corp. (I) 19,449 $ 1,071,251
    3,234,689
Distributors - 0.05%    
Audiovox Corp., Class A (I) 1,334 10,672
Core-Mark Holding Company, Inc. (I) 2,776 91,747
KSW, Inc. 700 2,527
Weyco Group, Inc. 18 440
 
    105,386
Diversified Consumer Services - 0.26%    
Career Education Corp. (I) 300 6,816
Carriage Services, Inc. (I) 1,797 9,901
Jackson Hewitt Tax Service, Inc. (I) 100 60
Mac-Gray Corp. 1,524 24,582
Matthews International Corp., Class A 298 11,488
Regis Corp. 9,745 172,876
Service Corp. International 25,542 282,495
Stewart Enterprises, Inc., Class A (L) 723 5,524
 
    513,742
Hotels, Restaurants & Leisure - 3.94%    
Bally Technologies, Inc. (I) 17,052 645,418
Benihana, Inc. (I) 1,100 9,339
Benihana, Inc., Class A (I) 745 6,295
Biglari Holdings, Inc. (I) 314 132,995
Bluegreen Corp. (I) 7,550 31,031
Bob Evans Farms, Inc. 4,678 152,503
Boyd Gaming Corp. (I)(L) 15,617 146,331
Brinker International, Inc. 39,839 1,007,927
California Pizza Kitchen, Inc. (I) 1,200 20,256
Canterbury Park Holding Corp. (I) 200 2,424
Churchill Downs, Inc. 2,448 101,592
DineEquity, Inc. (I) 20,962 1,152,491
Dover Downs Gaming & Entertainment, Inc. 1,370 4,918
Dover Motorsports, Inc. (I) 400 800
Full House Resorts, Inc. (I) 2,390 9,130
Gaming Partners International Corp. 800 5,520
Gaylord Entertainment Company (I)(L) 7,800 270,504
Great Wolf Resorts, Inc. (I) 5,835 12,312
International Speedway Corp., Class A 1,683 50,153
Isle of Capri Casinos, Inc. (I) 6,889 65,446
J. Alexander’s Corp. (I) 600 3,702
Lakes Gaming, Inc. (I) 4,180 11,286
Life Time Fitness, Inc. (I) 7,200 268,632
Luby’s, Inc. (I) 6,251 33,068
Marcus Corp. 4,971 54,184
McCormick & Schmick’s    
Seafood Restaurants, Inc. (I) 3,840 27,725
Monarch Casino & Resort, Inc. (I) 1,050 10,920
Morton’s Restaurant Group, Inc. (I) 265 1,911
MTR Gaming Group, Inc. (I) 4,293 11,376
Multimedia Games, Inc. (I) 5,383 30,845
Nathan’s Famous, Inc. (I) 100 1,728
O’Charley’s, Inc. (I)(L) 5,100 30,447
Orient-Express Hotels, Ltd., Class A (I) 15,313 189,422
P.F. Chang’s China Bistro, Inc. (L) 15,574 719,363
Papa John’s International, Inc. (I) 18,750 593,813
Penn National Gaming, Inc. (I)(L) 6,801 252,045
Pinnacle Entertainment, Inc. (I) 10,171 138,529
Red Lion Hotels Corp. (I) 1,600 13,120
Red Robin Gourmet Burgers, Inc. (I) 4,000 107,600
Rick’s Cabaret International, Inc. (I) 2,439 26,658
Ruby Tuesday, Inc. (I) 9,900 129,789
Speedway Motorsports, Inc. 7,130 113,937
Texas Roadhouse, Inc., Class A 56,563 961,005

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Vail Resorts, Inc. (I) 954 $ 46,517
VCG Holding Corp. (I) 2,200 4,884
Wendy’s/Arby’s Group, Inc., Class A 35,579 178,962
 
    7,788,853
Household Durables - 1.55%    
Acme United Corp. 733 7,051
Bassett Furniture Industries, Inc. (I) 2,530 19,861
Beazer Homes USA, Inc. (I) 18,800 85,916
Blyth, Inc. 753 24,465
Brookfield Homes Corp. (I)(L) 7,963 74,852
Cavco Industries, Inc. (I) 381 17,206
Craftmade International, Inc. (I) 100 427
CSS Industries, Inc. 53 999
Emerson Radio Corp. 4,869 11,783
Ethan Allen Interiors, Inc. (L) 40,934 896,455
Furniture Brands International, Inc. (I) 14,200 64,610
Helen of Troy, Ltd. (I) 1,342 39,455
Hooker Furniture Corp. 2,555 30,558
Jarden Corp. 9,832 349,724
KB Home (L) 1,700 21,148
Kid Brands, Inc. (I) 3,500 25,725
La-Z-Boy, Inc. (I) 9,646 92,119
Lennar Corp., Class A (L) 16,000 289,920
Lennar Corp., Class B 1,969 28,885
Lifetime Brands, Inc. 1,201 18,015
M/I Homes, Inc. (I) 4,380 65,656
Meritage Homes Corp. (I) 5,313 128,203
Mohawk Industries, Inc. (I) 6,700 409,705
Pulte Group, Inc. (I) 1,581 11,699
Ryland Group, Inc. 759 12,068
Skyline Corp. 1,252 25,103
Stanley Furniture Company, Inc. (I) 2,340 12,917
Toll Brothers, Inc. (I) 14,661 289,848
Universal Electronics, Inc. (I) 213 6,296
 
    3,060,669
Internet & Catalog Retail - 0.04%    
1-800-Flowers.com, Inc., Class A (I) 4,819 15,903
dELiA*s, Inc. (I) 5,085 9,153
Gaiam, Inc., Class A 3,676 24,262
ValueVision Media, Inc. (I) 5,800 36,888
 
    86,206
Leisure Equipment & Products - 0.19%    
Aldila, Inc. 1,240 5,332
Arctic Cat, Inc. (I) 2,870 44,629
Callaway Golf Company (L) 11,857 80,865
Jakks Pacific, Inc. (I) 2,753 53,271
Leapfrog Enterprises, Inc. (I) 2,700 11,664
RC2 Corp. (I) 3,193 89,723
Smith & Wesson Holding Corp. (I)(L) 3,256 11,559
Steinway Musical Instruments, Inc. (I) 3,066 68,096
The Nautilus Group, Inc. (I) 3,568 10,312
 
    375,451
Media - 1.31%    
AH Belo Corp. (I) 4,238 35,430
Ascent Media Corp., Class A (I) 3,168 154,757
Beasley Broadcasting Group, Inc. (I) 502 3,685
Cinemark Holdings, Inc. 3,320 64,242
CKX, Inc. (I) 392 1,654
Clear Channel Outdoor    
Holdings, Inc., Class A (I) 3,087 44,916
Entercom Communications Corp., Class A (I) 500 5,510
EW Scripps Company (I) 9,060 89,694

 

321

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Fisher Communications, Inc. (I) 1,962 $ 60,979
Gray Television, Inc. (I) 10,200 21,114
Harte-Hanks, Inc. 1,221 14,530
Journal Communications, Inc., Class A (I) 8,698 52,188
Lee Enterprises, Inc. (I)(L) 7,296 19,699
Liberty Media Corp. - Capital, Series A (I) 2,000 147,340
Liberty Media Corp. - Starz, Series A (I) 502 38,955
Live Nation Entertainment, Inc. (I) 9,512 95,120
Madison Square Garden, Inc., Class A (I) 1,163 31,389
Media General, Inc., Class A (I) 4,268 29,364
Meredith Corp. 800 27,136
Navarre Corp. (I) 4,100 7,790
New Frontier Media, Inc. (I) 4,684 8,291
Outdoor Channel Holdings, Inc. (I) 1,369 10,213
Radio One, Inc., Class D (I) 2,600 5,070
Salem Communications Corp., Class A 2,700 10,125
Scholastic Corp. 1,457 39,397
The Interpublic Group of Companies, Inc. 100,303 1,260,809
The McClatchy Company, Class A (I)(L) 14,495 49,283
The Washington Post Company, Class B 594 259,911
 
    2,588,591
Multiline Retail - 1.11%    
99 Cents Only Stores (I) 204 3,998
Dillard’s, Inc., Class A (L) 42,844 1,718,901
Fred’s, Inc., Class A 9,958 132,641
Retail Ventures, Inc. (I) 6,547 112,936
Saks, Inc. (I)(L) 17,605 199,113
Tuesday Morning Corp. (I) 3,900 19,110
 
    2,186,699
Specialty Retail - 3.54%    
A.C. Moore Arts & Crafts, Inc. (I) 5,768 15,804
Aaron’s, Inc. 1,700 43,112
Americas Car-Mart, Inc. (I) 1,575 40,604
Asbury Automotive Group, Inc. (I) 2,400 44,376
Barnes & Noble, Inc. (L) 9,769 89,777
Bebe Stores, Inc. 13,838 80,952
Books-A-Million, Inc. 3,850 15,901
Brown Shoe Company, Inc. 7,015 85,723
Build-A-Bear Workshop, Inc. (I) 4,400 26,620
Cabela’s, Inc. (I) 12,999 325,105
Cache, Inc. (I) 3,100 14,229
Casual Male Retail Group, Inc. (I) 4,708 23,116
Charming Shoppes, Inc. (I) 22,128 94,265
Christopher & Banks Corp. 7,938 51,438
Collective Brands, Inc. (I) 7,624 164,526
Conn’s, Inc. (I)(L) 7,967 35,692
Foot Locker, Inc. 24,122 475,686
GameStop Corp., Class A (I)(L) 12,900 290,508
Genesco, Inc. (I) 29,154 1,171,991
Golfsmith International Holdings, Inc. (I) 1,211 5,110
Group 1 Automotive, Inc. (L) 5,564 238,139
Haverty Furniture Companies, Inc. 4,301 57,031
Hot Topic, Inc. 7,199 41,034
Lithia Motors, Inc., Class A 5,007 73,002
MarineMax, Inc. (I) 5,289 52,150
New York & Company, Inc. (I) 10,900 76,409
Office Depot, Inc. (I)(L) 16,863 78,076
OfficeMax, Inc. (I) 1,900 24,586
Pacific Sunwear of California, Inc. (I) 12,800 46,208
Penske Automotive Group, Inc. (I) 56,387 1,128,868
Pep Boys - Manny, Moe & Jack 9,900 125,829
Rent-A-Center, Inc. 6,599 230,371
Shoe Carnival, Inc. (I) 2,853 80,027

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Signet Jewelers, Ltd. (I) 1,600 $ 73,632
Sonic Automotive, Inc. 900 12,609
Stage Stores, Inc. 7,000 134,540
Stein Mart, Inc. 4,251 42,978
Systemax, Inc. (I) 1,530 20,686
The Finish Line, Inc., Class A 54,487 1,081,567
The Men’s Wearhouse, Inc. 7,100 192,126
The Wet Seal, Inc., Class A (I) 5,693 24,366
West Marine, Inc. (I) 4,805 50,116
Zale Corp. (I)(L) 5,800 23,142
 
    7,002,027
Textiles, Apparel & Luxury Goods - 1.21%    
Charles & Colvard, Ltd. (I) 343 1,290
Culp, Inc. (I) 130 1,206
Delta Apparel, Inc. (I) 400 5,716
Heelys, Inc. (I) 2,094 4,816
Iconix Brand Group, Inc. (I) 8,741 187,757
K-Swiss, Inc., Class A (I) 4,879 54,986
Kenneth Cole Productions, Inc., Class A (I) 1,500 19,455
Lacrosse Footwear, Inc. 979 17,945
Lakeland Industries, Inc. (I) 1,110 9,901
Lazare Kaplan International, Inc. (I) 300 396
Movado Group, Inc. (L) 3,838 56,342
Perry Ellis International, Inc. (I) 2,800 77,056
Phillips-Van Heusen Corp. 22,720 1,477,482
Quiksilver, Inc. (I)(L) 24,200 106,964
RG Barry Corp. 662 8,666
Rocky Brands, Inc. (I) 1,478 22,584
Skechers U.S.A., Inc., Class A (I) 3,281 67,392
Tandy Brands Accessories, Inc. (I) 300 858
The Jones Group, Inc. 12,700 174,625
The Timberland Company, Class A (I) 938 38,730
Unifi, Inc. (I) 3,847 65,399
Volcom, Inc. 200 3,706
 
    2,403,272
    29,345,585
Consumer Staples - 4.11%    
Beverages - 0.27%    
Central European Distribution Corp. (I)(L) 6,619 75,126
Coca-Cola Bottling Company Consolidated 432 28,875
Constellation Brands, Inc., Class A (I) 16,850 341,718
Craft Brewers Alliance, Inc. (I) 2,009 18,302
Heckmann Corp. (I) 5,603 36,700
MGP Ingredients, Inc. 2,764 24,102
 
    524,823
Food & Staples Retailing - 0.86%    
Ingles Markets, Inc. 2,425 48,039
Nash Finch Company 3,050 115,717
Ruddick Corp. 205 7,911
Spartan Stores, Inc. 5,067 74,941
SUPERVALU, Inc. 2,621 23,406
Susser Holdings Corp. (I) 3,944 51,627
The Andersons, Inc. 2,523 122,921
The Pantry, Inc. (I) 3,699 54,856
United Natural Foods, Inc. (I) 23,325 1,045,427
Weis Markets, Inc. 2,432 98,399
Winn-Dixie Stores, Inc. (I)(L) 9,151 65,338
 
    1,708,582
Food Products - 2.59%    
Alico, Inc. 318 8,513
B&G Foods, Inc. 5,550 104,174

 

322

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products (continued)    
Chiquita Brands International, Inc. (I) 7,667 $ 117,612
Corn Products International, Inc. 21,448 1,111,435
Darling International, Inc. (I) 67,723 1,040,903
Diamond Foods, Inc. 800 44,640
Dole Food Company, Inc. (I)(L) 11,143 151,879
Farmer Brothers Company 555 6,727
Fresh Del Monte Produce, Inc. 9,412 245,747
HQ Sustainable Maritime Industries, Inc. (I) 2,756 8,433
Imperial Sugar Company 2,695 35,951
J & J Snack Foods Corp. 398 18,734
Omega Protein Corp. (I) 4,487 60,530
Ralcorp Holdings, Inc. (I) 4,383 299,929
Seneca Foods Corp., Class A (I) 1,409 42,087
Smart Balance, Inc. (I) 5,291 24,286
Smithfield Foods, Inc. (I) 21,163 509,182
Tasty Baking Company 675 1,343
The Hain Celestial Group, Inc. (I) 6,737 217,470
TreeHouse Foods, Inc. (I) 18,678 1,062,218
 
    5,111,793
Household Products - 0.10%    
Central Garden & Pet Company (I) 2,553 22,492
Central Garden & Pet Company, Class A (I) 3,981 36,665
Oil-Dri Corp of America 331 7,050
Orchids Paper Products Company 100 1,210
Spectrum Brands Holdings, Inc. (I) 5,004 138,911
 
    206,328
Personal Products - 0.19%    
CCA Industries, Inc. 1,277 7,407
Elizabeth Arden, Inc. (I) 4,884 146,569
Inter Parfums, Inc. 461 8,533
Mannatech, Inc. (I) 2,763 4,531
Natural Alternatives International, Inc. (I) 200 1,126
Nutraceutical International Corp. (I) 2,400 35,952
Parlux Fragrances, Inc. (I) 4,242 13,320
Prestige Brands Holdings, Inc. (I) 13,277 152,686
 
    370,124
Tobacco - 0.10%    
Alliance One International, Inc. (I)(L) 15,584 62,648
Universal Corp. (L) 3,297 143,551
 
    206,199
    8,127,849
Energy - 10.47%    
Energy Equipment & Services - 5.71%    
Basic Energy Services, Inc. (I) 8,500 216,835
Bolt Technology Corp. (I) 1,328 17,981
Bristow Group, Inc. (I) 6,329 299,362
Bronco Drilling Company, Inc. (I) 6,885 77,801
Cal Dive International, Inc. (I) 11,331 79,090
Dawson Geophysical Company (I) 1,653 72,534
Dresser-Rand Group, Inc. (I) 18,949 1,016,045
ENGlobal Corp. (I) 5,500 24,915
Exterran Holdings, Inc. (I) 8,722 206,973
Geokinetics, Inc. (I) 2,332 19,635
Global Industries, Ltd. (I) 18,100 177,199
Gulf Islands Fabrication, Inc. 3,119 100,338
Gulfmark Offshore, Inc., Class A (I) 4,500 200,295
Helix Energy Solutions Group, Inc. (I)(L) 14,179 243,879
Hercules Offshore, Inc. (I) 19,101 126,258
Hornbeck Offshore Services, Inc. (I)(L) 5,300 163,505
Key Energy Services, Inc. (I) 16,135 250,899
Lufkin Industries, Inc. 13,881 1,297,457

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy Equipment & Services (continued)    
Matrix Service Company (I) 1,776 $ 24,686
Mitcham Industries, Inc. (I) 2,431 33,183
Natural Gas Services Group, Inc. (I) 2,620 46,531
Newpark Resources, Inc. (I) 12,359 97,142
Oceaneering International, Inc. (I)(L) 12,043 1,077,246
Oil States International, Inc. (I) 6,210 472,829
Parker Drilling Company (I) 21,964 151,771
Patterson-UTI Energy, Inc. 57,980 1,704,032
PHI, Inc. (I) 3,660 80,959
Pioneer Drilling Company (I) 13,400 184,920
Rowan Companies, Inc. (I) 12,600 556,668
SEACOR Holdings, Inc. 2,100 194,166
Seahawk Drilling, Inc. (I) 1,232 7,552
Superior Energy Services, Inc. (I) 30,245 1,240,045
TetraTechnologies, Inc. (I) 9,546 147,008
TGC Industries, Inc. (I) 3,906 30,350
Tidewater, Inc. 4,278 256,038
Trico Marine Services, Inc. (I) 4,500 315
Union Drilling, Inc. (I) 5,429 55,647
Unit Corp. (I) 4,557 282,306
Willbros Group, Inc. (I) 5,700 62,244
 
    11,296,639
Oil, Gas & Consumable Fuels - 4.76%    
Alon USA Energy, Inc. (L) 7,477 102,435
Berry Petroleum Company, Class A 5,400 272,430
Bill Barrett Corp. (I) 3,900 155,649
BioFuel Energy Corp. (I) 1,141 936
Clayton Williams Energy, Inc. (I) 105 11,099
Comstock Resources, Inc. (I) 300 9,282
Contango Oil & Gas Company (I) 600 37,944
Crimson Exploration, Inc. (I) 3,855 15,728
Crosstex Energy, Inc. (L) 7,200 71,640
CVR Energy, Inc. (I) 12,800 296,448
Delek US Holdings, Inc. 9,835 133,363
DHT Holdings, Inc. (L) 7,721 37,138
Double Eagle Petroleum &    
Mining Company (I) 2,117 19,265
Endeavour International Corp. (I) 335 4,255
Energy Partners, Ltd. (I) 9,082 163,476
Forest Oil Corp. (I) 26,242 992,735
Frontier Oil Corp. 59,223 1,736,418
General Maritime Corp. (L) 12,031 24,664
Green Plains Renewable Energy, Inc. (I)(L) 7,544 90,679
Harvest Natural Resources, Inc. (I)(L) 8,278 126,157
HKN, Inc. (I) 1,116 3,281
International Coal Group, Inc. (I) 21,729 245,538
James River Coal Company (I) 36,977 893,734
Overseas Shipholding Group, Inc. (L) 4,700 151,058
Patriot Coal Corp. (I) 1,832 47,321
Penn Virginia Corp. 7,585 128,642
Petroleum Development Corp. (I) 3,720 178,597
Plains Exploration & Production Company (I) 14,008 507,510
Rex Energy Corp. (I) 2,945 34,309
SandRidge Energy, Inc. (I)(L) 78,642 1,006,618
SM Energy Company 1,000 74,190
Sunoco, Inc. 9,544 435,111
Swift Energy Company (I) 4,000 170,720
Teekay Corp. 7,100 262,203
Tesoro Corp. (I)(L) 20,200 541,966
USEC, Inc. (I) 18,439 81,132
Western Refining, Inc. (I)(L) 20,442 346,492
 
    9,410,163
    20,706,802

 

323

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Financials - 18.77%    
Capital Markets - 1.98%    
Affiliated Managers Group, Inc. (I) 7,661 $ 837,884
American Capital, Ltd. (I) 55,500 549,450
Calamos Asset Management, Inc. 100 1,659
Capital Southwest Corp. 902 82,560
Cowen Group, Inc., Class A (I) 991 3,974
E*TRADE Financial Corp. (I) 16,600 259,458
FirstCity Financial Corp. (I) 2,100 13,545
GFI Group, Inc. 5,428 27,249
Harris & Harris Group, Inc. (I) 7,938 42,706
Internet Capital Group, Inc. (I) 1,588 22,550
Intl. FCStone, Inc. (I) 687 17,464
Investment Technology Group, Inc. (I) 1,297 23,592
JMP Group, Inc. 3,000 25,830
KBW, Inc. 25,283 662,162
LaBranche & Company, Inc. (I) 660 2,594
MCG Capital Corp. 21,400 139,100
Medallion Financial Corp. 2,675 23,513
MF Global Holdings, Ltd. (I) 19,100 158,148
Oppenheimer Holdings, Inc., Class A 475 15,917
Penson Worldwide, Inc. (I) 5,366 36,006
Piper Jaffray Companies (I) 800 33,144
Safeguard Scientifics, Inc. (I) 2,997 60,989
Sanders Morris Harris Group, Inc. 1,576 12,624
SEI Investments Company 34,478 823,335
SWS Group, Inc. 6,700 40,669
 
    3,916,122
Commercial Banks - 5.98%    
1st Source Corp. 3,630 72,745
Ameris Bancorp (I)(L) 3,487 35,428
Associated-Banc Corp. 64,499 957,810
BancFirst Corp. 13,434 573,363
Bancorp, Inc. (I) 4,962 45,799
BancTrust Financial Group, Inc. (I) 4,850 11,931
Banner Corp. 800 1,896
Boston Private Financial Holdings, Inc. 9,773 69,095
Camden National Corp. 317 10,854
Cape Bancorp, Inc. (I) 551 5,422
Capital City Bank Group, Inc. 3,947 50,048
CapitalSource, Inc. 27,910 196,486
Capitol Bancorp, Ltd. (I)(L) 4,076 836
Cardinal Financial Corp. 5,843 68,129
Cascade Financial Corp. (I) 1,636 687
Cathay General Bancorp 13,430 228,982
Center Bancorp, Inc. 2,875 27,571
Center Financial Corp. (I) 4,662 34,219
Centerstate Banks, Inc. 703 4,921
Chemical Financial Corp. 3,140 62,580
City Holding Company 200 7,072
CoBiz Financial, Inc. 5,646 39,240
Columbia Banking System, Inc. 39,329 753,937
Commerce Bancshares, Inc. 18,014 728,486
Community Bank Systems, Inc. 1,500 36,405
Community Trust Bancorp, Inc. 13,760 380,739
Crescent Financial Corp. (I) 1,656 6,707
CVB Financial Corp. 1,964 18,285
Danvers Bancorp, Inc. 3,800 81,396
East West Bancorp, Inc. 47,629 1,045,933
Encore Bancshares, Inc. (I) 2,368 28,748
Enterprise Financial Services Corp. 2,969 41,774
Fidelity Southern Corp. (I) 1,524 12,192
Financial Institutions, Inc. 1,481 25,918
First BanCorp/Puerto Rico (I) 431 2,155
First Bancorp/Troy NC 3,936 52,191

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
First Busey Corp. 5,529 $ 28,087
First Commonwealth Financial Corp. 15,940 109,189
First Community Bancshares, Inc. 730 10,351
First Financial Bancorp 1,900 31,711
First Financial Corp./Indiana 1,071 35,600
First Horizon National Corp. 19,414 217,631
First Merchants Corp. 5,525 45,692
First Midwest Bancorp, Inc. 13,600 160,344
First Security Group, Inc. (I) 3,000 2,790
First South Bancorp, Inc. 1,628 8,124
FNB Corp. 14,682 154,748
FNB United Corp. (I) 104 31
Fulton Financial Corp. 13,000 144,430
German American Bancorp, Inc. 314 5,398
Glacier Bancorp, Inc. (L) 3,300 49,665
Great Southern Bancorp, Inc. 711 15,251
Greene County Bancshares, Inc. (I)(L) 2,987 8,334
Hampden Bancorp, Inc. 1,142 15,166
Heartland Financial USA, Inc. 1,021 17,357
Heritage Commerce Corp. (I) 2,685 12,700
Home Bancorp, Inc. (I) 527 8,074
Home Bancshares, Inc. 640 14,560
IBERIABANK Corp. 771 46,360
Independent Bank Corp. - MA (L) 2,831 76,465
Independent Bank Corp. - Michigan (I) 206 659
International Bancshares Corp. 7,200 132,048
Intervest Bancshares Corp. (I) 1,211 3,088
Lakeland Bancorp, Inc. 3,615 37,524
Lakeland Financial Corp. 2,800 63,504
Macatawa Bank Corp. (I)(L) 4,197 10,451
MainSource Financial Group, Inc. (L) 4,725 47,297
Marshall & Ilsley Corp. 771 6,160
MB Financial, Inc. 6,663 139,656
MBT Financial Corp. (I)(L) 3,023 4,595
Mercantile Bank Corp. 1,266 12,407
Metro Bancorp, Inc. (I) 709 8,756
Midsouth Bancorp, Inc. 91 1,316
Nara Bancorp, Inc. (I) 5,830 56,085
National Penn Bancshares, Inc. 20,821 161,155
NBT Bancorp, Inc. 1,200 27,348
NewBridge Bancorp. (I) 1,494 7,440
North Valley Bancorp (I) 244 2,630
Northfield Bancorp, Inc. (L) 2,228 30,746
Old National Bancorp 11,100 118,992
Old Second Bancorp, Inc. (L) 3,121 3,121
Oriental Financial Group, Inc. 4,500 56,475
Pacific Continental Corp. 100 1,019
Pacific Mercantile Bancorp (I)(L) 2,510 10,668
PacWest Bancorp (L) 1,300 28,275
Peoples Bancorp, Inc. 2,761 33,187
Pinnacle Financial Partners, Inc. (I)(L) 6,152 101,754
Popular, Inc. (I) 76,700 223,197
Preferred Bank/Los Angeles CA (I) 943 1,405
PrivateBancorp, Inc. 1,300 19,877
Renasant Corp. (L) 5,309 90,147
Republic Bancorp, Inc., Class A 300 5,844
S&T Bancorp, Inc. 800 17,256
Sandy Spring Bancorp, Inc. 3,680 67,933
SCBT Financial Corp. 900 29,952
Seacoast Banking Corp. of Florida (I) 1,900 3,002
Sierra Bancorp 1,408 15,741
Simmons First National Corp., Class A 400 10,836
Somerset Hills Bancorp 315 2,788
Southern Community Financial Corp. (I) 3,274 4,846
Southside Bancshares, Inc. 700 14,980

 

324

 


John Hancock Variable Insurance Trust (Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Southwest Bancorp, Inc. (I) 4,604 $ 65,331
State Bancorp, Inc. 2,498 25,954
StellarOne Corp. 5,342 75,856
Sterling Bancorp 1,900 19,019
Sterling Bancshares, Inc. 10,763 92,669
Sun Bancorp, Inc. (I) 4,649 16,179
Superior Bancorp (I)(L) 2,703 946
Susquehanna Bancshares, Inc. 19,886 185,934
Synovus Financial Corp. 47,485 113,964
Taylor Capital Group, Inc. (I) 2,218 23,311
Texas Capital Bancshares, Inc. (I) 1,213 31,526
TIB Financial Corp. (I) 332 6,501
Tower Bancorp., Inc. 777 17,319
TowneBank (L) 2,136 33,450
TriCo Bancshares 700 11,417
Trustmark Corp. 1,700 39,814
UMB Financial Corp. 145 5,416
Umpqua Holdings Corp. 18,568 212,418
Union First Market Bankshares Corp. 3,984 44,820
United Bankshares, Inc. (L) 1,400 37,128
United Community Banks, Inc. (I) 7,725 18,308
Univest Corp. of Pennsylvania 1,000 17,720
Virginia Commerce Bancorp, Inc. (I)(L) 5,893 33,826
Washington Banking Company 2,041 28,778
Washington Trust Bancorp, Inc. 2,698 64,051
Webster Financial Corp. 8,486 181,855
WesBanco, Inc. 5,859 121,340
West Bancorp, Inc. 300 2,394
West Coast Bancorp (I) 395 1,371
Western Alliance Bancorp (I) 11,898 97,802
Whitney Holding Corp. 16,424 223,695
Wilmington Trust Corp. 9,000 40,680
Wilshire Bancorp, Inc. (I) 5,661 27,739
Wintrust Financial Corp. 4,248 156,114
Yadkin Valley Financial Corp. (I) 3,532 8,441
Zions Bancorporation (L) 51,870 1,196,122
 
    11,831,406
Consumer Finance - 0.16%    
Advance America Cash Advance Centers, Inc. 4,800 25,440
Cash America International, Inc. 3,600 165,780
Nelnet, Inc., Class A 4,356 95,091
The First Marblehead Corp. (I)(L) 17,873 39,321
 
    325,632
Diversified Financial Services - 0.43%    
Asset Acceptance Capital Corp. (I) 4,739 25,448
Asta Funding, Inc. 3,625 31,030
Interactive Brokers Group, Inc., Class A 1,200 19,068
Marlin Business Services Corp. (I) 1,583 19,534
MicroFinancial, Inc. 400 1,764
NewStar Financial, Inc. (I) 11,166 121,933
PHH Corp. (I)(L) 8,966 195,190
PICO Holdings, Inc. (I) 723 21,733
Resource America, Inc. 3,450 22,080
The NASDAQ OMX Group, Inc. (I) 14,800 382,432
 
    840,212
Insurance - 6.45%    
21st Century Holding Company 1,090 3,357
Affirmative Insurance Holdings, Inc. (I) 3,500 8,855
Alleghany Corp. (I) 921 304,852
Allied World Assurance    
Company Holdings, Ltd. 4,000 250,760
Alterra Capital Holdings, Ltd. 10,709 239,239

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
American Equity Investment Life    
Holding Company 10,678 $ 140,095
American Financial Group, Inc. 12,939 453,124
American National Insurance Company 2,550 201,884
American Safety Insurance Holdings, Ltd. (I) 2,454 52,589
AMERISAFE, Inc. (I) 2,200 48,642
Amtrust Financial Services, Inc. 3,300 62,931
Arch Capital Group, Ltd. (I) 1,813 179,831
Argo Group International Holdings, Ltd. 4,128 136,389
Arthur J. Gallagher & Company 24,083 732,364
Aspen Insurance Holdings, Ltd. 11,100 305,916
Assurant, Inc. 9,300 358,143
Assured Guaranty, Ltd. 13,900 207,110
Axis Capital Holdings, Ltd. 1,096 38,272
Citizens, Inc., Class A (I)(L) 2,024 14,775
CNA Surety Corp. (I) 8,359 211,148
CNO Financial Group, Inc. (I) 25,800 193,758
Delphi Financial Group, Inc., Class A 5,800 178,118
Donegal Group, Inc. 4,972 66,476
Eastern Insurance Holdings, Inc. 2,742 35,646
EMC Insurance Group, Inc. 1,920 47,674
Employers Holdings, Inc. 1,400 28,924
Endurance Specialty Holdings, Ltd. 7,400 361,268
Enstar Group, Ltd. (I) 1,114 111,266
FBL Financial Group, Inc., Class A 5,034 154,644
Fidelity National Financial, Inc., Class A 16,692 235,858
First Acceptance Corp. (I) 7,986 15,333
First American Financial Corp. 11,608 191,532
Flagstone Reinsurance Holdings SA 14,931 134,528
FPIC Insurance Group, Inc. (I) 16,561 627,662
Global Indemnity PLC (I) 2,945 64,731
Greenlight Capital Re, Ltd., Class A (I) 1,100 31,031
Hallmark Financial Services, Inc. (I) 4,808 40,291
Harleysville Group, Inc. 2,576 85,343
HCC Insurance Holdings, Inc. 7,900 247,349
Hilltop Holdings, Inc. (I) 10,034 100,741
Horace Mann Educators Corp. 6,694 112,459
Independence Holding Company 3,599 28,720
Maiden Holdings, Ltd. 2,524 18,905
MBIA, Inc. (I)(L) 36,546 366,922
Meadowbrook Insurance Group, Inc. 8,411 87,054
Montpelier Re Holdings, Ltd. 11,911 210,467
National Financial Partners Corp. (I) 7,720 113,870
National Interstate Corp. 726 15,137
Old Republic International Corp. 19,416 246,389
OneBeacon Insurance Group, Ltd. 2,200 29,766
Platinum Underwriters Holdings, Ltd. 5,500 209,495
ProAssurance Corp. (I) 2,400 152,088
Protective Life Corp. 5,419 143,874
Reinsurance Group of America, Inc. 8,574 538,276
RenaissanceRe Holdings, Ltd. 3,795 261,817
RLI Corp. 700 40,355
Safety Insurance Group, Inc. 7,449 343,473
SeaBright Holdings, Inc. 2,401 24,610
StanCorp Financial Group, Inc. 3,400 156,808
State Auto Financial Corp. 3,886 70,803
Stewart Information Services Corp. 3,766 39,468
The Hanover Insurance Group, Inc. 18,931 856,628
The Navigators Group, Inc. (I) 1,506 77,559
The Phoenix Companies, Inc. (I) 21,638 58,855
Tower Group, Inc. 2,517 60,484
Transatlantic Holdings, Inc. 9,141 444,892
United Fire & Casualty Company 1,985 40,117
Unitrin, Inc. 9,673 298,702
Universal Insurance Holdings, Inc. 1,713 9,284

 

325

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Validus Holdings, Ltd. 9,357 $ 311,869
White Mountains Insurance Group, Ltd. 1,340 488,028
 
    12,759,623
Real Estate Investment Trusts - 2.04%    
Alexandria Real Estate Equities, Inc. (L) 8,824 688,007
Digital Realty Trust, Inc. (L) 13,200 767,448
LaSalle Hotel Properties 38,491 1,039,257
Senior Housing Properties Trust 25,569 589,110
Tanger Factory Outlet Centers, Inc. 36,400 955,136
 
    4,038,958
Real Estate Management & Development - 0.63%    
Avatar Holdings, Inc. (I) 2,398 47,456
Forest City Enterprises, Inc., Class A (I) 12,002 225,998
Jones Lang LaSalle, Inc. 9,468 944,338
Thomas Properties Group, Inc. (I) 4,600 15,410
ZipRealty, Inc. (I) 900 2,610
 
    1,235,812
Thrifts & Mortgage Finance - 1.10%    
Abington Bancorp, Inc. 3,803 46,511
Astoria Financial Corp. 11,661 167,569
Atlantic Coast Financial Corp. (I) 105 1,045
Bank Mutual Corp. 3,942 16,675
BankAtlantic Bancorp, Inc. (I)(L) 5,572 5,126
BankFinancial Corp. 5,239 48,146
Beneficial Mutual Bancorp, Inc. (I) 1,418 12,223
Berkshire Hill Bancorp, Inc. 2,967 61,862
BofI Holding, Inc. (I)(L) 2,469 38,319
Brookline Bancorp, Inc. 6,000 63,180
Dime Community Bancshares 3,100 45,756
Doral Financial Corp. (I) 5,700 6,270
ESSA Bancorp, Inc. 2,861 37,765
Federal Agricultural    
Mortgage Corp., Class C (L) 2,313 44,201
First Defiance Financial Corp. (I) 751 10,702
First Financial Holdings, Inc. 3,984 45,059
First Financial Northwest, Inc. 2,425 13,823
First Niagara Financial Group, Inc. 9,900 134,442
First PacTrust Bancorp, Inc. 95 1,511
First Place Financial Corp. (I) 400 912
Flushing Financial Corp. 4,847 72,220
Home Federal Bancorp, Inc. 2,328 27,424
Hopfed Bancorp, Inc. 408 3,754
Kaiser Federal Financial Group, Inc. (L) 1,732 21,304
Legacy Bancorp, Inc. 2,286 29,215
Louisiana Bancorp, Inc. (I) 100 1,510
Meridian Interstate Bancorp, Inc. (I) 2,279 32,020
MGIC Investment Corp. (I) 23,698 210,675
New England Bancshares, Inc. 100 969
NewAlliance Bancshares, Inc. 19,791 293,698
Northeast Community Bancorp, Inc. 1,932 11,553
Northwest Bancshares, Inc. 3,468 43,489
OceanFirst Financial Corp. 1,700 23,715
Ocwen Financial Corp. (I) 12,254 135,039
Provident Financial Holdings, Inc. 1,778 14,740
Provident Financial Services, Inc. 2,534 37,503
Provident New York Bancorp 201 2,074
Radian Group, Inc. (L) 18,184 123,833
Riverview Bancorp, Inc. (I) 917 2,806
Roma Financial Corp. 200 2,214
Rome Bancorp, Inc. 698 7,887
The PMI Group, Inc. (I) 22,100 59,670
TierOne Corp. (I) 2,328 9
Tree.com, Inc. (I) 2,270 13,393

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thrifts & Mortgage Finance (continued)    
United Financial Bancorp, Inc. 2,387 $ 39,409
United Western Bancorp, Inc. (I) 1,286 41
Washington Federal, Inc. 6,780 117,565
Waterstone Financial, Inc. (I) 2,000 6,140
Westfield Financial, Inc. 4,152 37,617
 
    2,172,583
    37,120,348
Health Care - 8.94%    
Biotechnology - 0.12%    
ADVENTRX Pharmaceuticals, Inc. (I) 3,573 7,468
Amicus Therapeutics, Inc. (I) 200 1,418
Celera Corp. (I) 15,130 122,704
Codexis, Inc. (I) 1,317 15,620
Infinity Pharmaceuticals, Inc. (I) 1,893 11,131
Maxygen, Inc. 7,535 39,182
MediciNova, Inc. (I) 500 1,290
Myriad Pharmaceuticals, Inc. (I) 361 1,393
Repligen Corp. (I) 1,386 5,198
SuperGen, Inc. (I) 5,405 16,756
Trimeris, Inc. (I) 3,845 9,651
 
    231,811
Health Care Equipment & Supplies - 2.39%    
Alere, Inc. (I) 12,975 507,842
Alphatec Holdings, Inc. (I) 4,968 13,414
Analogic Corp. 600 33,930
AngioDynamics, Inc. (I) 5,595 84,596
Anika Therapeutics, Inc. (I) 3,550 31,808
Cantel Medical Corp. 2,286 58,865
CONMED Corp. (I) 3,500 91,980
Cutera, Inc. (I) 3,120 26,738
Cynosure, Inc. (I) 2,139 29,711
Digirad Corp. (I) 3,100 7,750
Exactech, Inc. (I) 724 12,706
Greatbatch, Inc. (I) 3,939 104,226
Hologic, Inc. (I) 25,100 557,220
Invacare Corp. 4,641 144,428
IRIS International, Inc. (I) 1,282 11,564
LeMaitre Vascular, Inc. 1,115 7,593
Medical Action Industries, Inc. (I) 800 6,720
Misonix, Inc. (I) 500 1,195
Natus Medical, Inc. (I) 1,549 26,023
Palomar Medical Technologies, Inc. (I) 1,177 17,478
Rochester Medical Corp. (I) 866 9,942
RTI Biologics, Inc. (I) 12,463 35,644
Solta Medical, Inc. (I) 3,330 10,989
Symmetry Medical, Inc. (I) 6,511 63,808
Synovis Life Technologies, Inc. (I) 700 13,426
Teleflex, Inc. 17,139 993,719
The Cooper Companies, Inc. 23,257 1,615,199
TomoTherapy, Inc. (I) 11,111 50,777
TranS1, Inc. (I) 1,881 8,126
West Pharmaceutical Services, Inc. 1,200 53,724
Wright Medical Group, Inc. (I) 4,100 69,741
Young Innovations, Inc. 500 15,700
 
    4,716,582
Health Care Providers & Services - 4.60%    
Alliance HealthCare Services, Inc. (I) 244 1,078
Allied Healthcare International, Inc. (I) 10,327 26,231
Almost Family, Inc. (I) 685 25,783
Amedisys, Inc. (I) 1,941 67,935
American Dental Partners, Inc. (I) 3,854 50,564
AMN Healthcare Services, Inc. (I) 4,149 35,930

 

326

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
AmSurg Corp. (I) 5,246 $ 133,458
Animal Health International, Inc. (I) 601 2,524
Assisted Living Concepts, Inc. (I) 1,824 71,391
Brookdale Senior Living, Inc. (I) 8,594 240,632
Capital Senior Living Corp. (I) 6,526 69,306
Centene Corp. (I) 1,000 32,980
Community Health Systems, Inc. (I) 11,400 455,886
Continucare Corp. (I) 2,609 13,958
Coventry Health Care, Inc. (I) 17,000 542,130
Cross Country Healthcare, Inc. (I) 2,192 17,163
Dynacq Healthcare, Inc. (I)(L) 600 1,176
Five Star Quality Care, Inc. (I) 8,754 71,170
Gentiva Health Services, Inc. (I) 25,602 717,624
Hanger Orthopedic Group, Inc. (I) 46,524 1,211,020
Health Net, Inc. (I) 11,988 392,008
Healthspring, Inc. (I) 35,108 1,311,986
Healthways, Inc. (I) 977 15,016
Integramed America, Inc. (I) 830 8,549
Kindred Healthcare, Inc. (I) 3,400 81,192
LHC Group, Inc. (I) 1,200 36,000
LifePoint Hospitals, Inc. (I)(L) 5,943 238,790
Magellan Health Services, Inc. (I) 800 39,264
MedCath Corp. (I) 4,975 69,401
Molina Healthcare, Inc. (I) 3,609 144,360
National Healthcare Corp. 400 18,596
NovaMed, Inc. (I) 1,723 22,744
Omnicare, Inc. (L) 10,600 317,894
Owens & Minor, Inc. 23,827 773,901
PDI, Inc. (I) 619 5,020
PharMerica Corp. (I) 1,659 18,979
RehabCare Group, Inc. (I) 760 28,021
Select Medical Holdings Corp. (I) 1,492 12,026
Skilled Healthcare Group, Inc. (I) 1,294 18,621
Sun Healthcare Group, Inc. (I) 2,633 37,046
SunLink Health Systems, Inc. (I) 100 156
The Providence Service Corp. (I) 1,200 17,976
Triple-S Management Corp., Class B (I) 3,459 71,186
Universal American Financial Corp. 12,514 286,696
Universal Health Services, Inc., Class B 23,921 1,181,937
WellCare Health Plans, Inc. (I) 3,800 159,410
 
    9,094,714
Health Care Technology - 0.38%    
Arrhythmia Research Technology, Inc. 200 1,100
Emdeon, Inc., Class A (I) 1,084 17,463
Omnicell, Inc. (I) 45,205 688,924
Vital Images, Inc. (I) 3,510 47,420
 
    754,907
Life Sciences Tools & Services - 0.11%    
Affymetrix, Inc. (I) 11,100 57,831
Albany Molecular Research, Inc. (I) 1,439 6,130
BioClinica, Inc. (I) 3,000 15,600
Cambrex Corp. (I) 6,472 35,596
Enzo Biochem, Inc. (I) 1,900 7,961
Harvard Bioscience, Inc. (I) 6,562 37,272
Kendle International, Inc. (I) 2,900 31,059
Medtox Scientific, Inc. 2,011 33,001
 
    224,450
Pharmaceuticals - 1.34%    
Adolor Corp. (I) 5,850 8,249
Caraco Pharmaceutical Laboratories, Ltd. (I) 1,626 8,455
Cumberland Pharmaceuticals, Inc. (I) 261 1,443
Endo Pharmaceuticals Holdings, Inc. (I) 27,197 1,037,838
Hi-Tech Pharmacal Company, Inc. (I) 800 16,104

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
K-V Pharmaceutical Company, Class A (I)(L) 8,839 $ 52,946
Lannett Company, Inc. (I) 3,934 21,952
Medicis Pharmaceutical Corp., Class A 8 256
Par Pharmaceutical Companies, Inc. (I) 2,725 84,693
Sucampo Pharmaceuticals, Inc. (I) 535 2,247
Viropharma, Inc. (I) 71,557 1,423,984
 
    2,658,167
    17,680,631
Industrials - 15.93%    
Aerospace & Defense - 1.45%    
AAR Corp. (L) 37,295 1,033,817
Aerovironment, Inc. (I)(L) 15,190 531,194
Allied Defense Group, Inc. (I) 1,300 4,576
Ascent Solar Technologies, Inc. (I)(L) 7,348 21,089
Ceradyne, Inc. (I) 4,747 213,995
CPI Aerostructures, Inc. (I) 966 14,654
Curtiss-Wright Corp. 2,824 99,235
Ducommun, Inc. 2,274 54,349
Esterline Technologies Corp. (I) 4,648 328,707
Global Defense Technology    
& Systems, Inc. (I) 224 5,425
Innovative Solutions & Support, Inc. (I) 2,300 13,455
Kratos Defense & Security Solutions, Inc. (I) 1,000 14,240
Ladish Company, Inc. (I) 1,632 89,189
LMI Aerospace, Inc. (I) 2,295 46,382
Moog, Inc., Class A (I) 2,700 123,957
Orbital Sciences Corp., Class A (I) 487 9,214
SIFCO Industries, Inc. 1,000 17,780
Sparton Corp. (I) 2,053 15,952
Sypris Solutions, Inc. (I) 1,824 7,843
Triumph Group, Inc. 2,579 228,113
 
    2,873,166
Air Freight & Logistics - 0.71%    
Air Transport Services Group, Inc. (I) 13,829 116,855
Atlas Air Worldwide Holdings, Inc. (I) 3,546 247,227
UTi Worldwide, Inc. 51,064 1,033,535
 
    1,397,617
Airlines - 0.22%    
AirTran Holdings, Inc. (I) 489 3,643
Alaska Air Group, Inc. (I) 600 38,052
Hawaiian Holdings, Inc. (I) 166 998
JetBlue Airways Corp. (I)(L) 26,192 164,224
Pinnacle Airlines Corp. (I) 4,022 23,127
Republic Airways Holdings, Inc. (I)(L) 7,051 45,338
Skywest, Inc. 9,577 162,043
 
    437,425
Building Products - 0.71%    
A.O. Smith Corp. 1,350 59,859
American Woodmark Corp. 1,592 33,241
Ameron International Corp. 1,477 103,080
Apogee Enterprises, Inc. 6,484 85,524
Armstrong World Industries, Inc. 4,700 217,469
Builders FirstSource, Inc. (I) 300 852
Gibraltar Industries, Inc. (I) 5,909 70,494
Griffon Corp. (I) 11,338 148,868
Insteel Industries, Inc. 2,944 41,628
Owens Corning (I) 11,508 414,173
PGT, Inc. (I) 3,718 8,737
Quanex Building Products Corp. 700 13,741
Simpson Manufacturing Company, Inc. 1,100 32,406
Universal Forest Products, Inc. 2,065 75,682

 

327

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Building Products (continued)    
US Home Systems, Inc. (I) 656 $ 2,854
USG Corp. (I)(L) 5,727 95,412
 
    1,404,020
Commercial Services & Supplies - 2.16%    
ABM Industries, Inc. 40,813 1,036,242
American Reprographics Company (I) 2,955 30,584
Casella Waste Systems, Inc., Class A (I) 1,644 11,787
CECO Environmental Corp. (I) 2,790 16,517
Consolidated Graphics, Inc. (I) 1,633 89,211
Courier Corp. 1,544 21,554
Covanta Holding Corp. 4,970 84,888
EnergySolutions, Inc. 7,950 47,382
Ennis, Inc. 5,481 93,341
G&K Services, Inc., Class A 1,729 57,489
Intersections, Inc. 3,791 47,008
KAR Auction Services, Inc. (I) 163 2,500
Kimball International, Inc., Class B 4,427 30,989
M&F Worldwide Corp. (I) 1,700 42,704
McGrath Rentcorp 1,390 37,905
Metalico, Inc. (I)(L) 6,700 41,674
Mobile Mini, Inc. (I)(L) 6,846 164,441
Multi-Color Corp. 647 13,076
Schawk, Inc., Class A 3,240 62,986
Steelcase, Inc., Class A 11,358 129,254
Sykes Enterprises, Inc. (I) 2,371 46,875
Team, Inc. (I) 40,301 1,058,304
Tetra Tech, Inc. (I) 1,400 34,566
The Geo Group, Inc. (I) 1,324 33,947
Unifirst Corp. 1,590 84,286
United Stationers, Inc. 674 47,888
Versar, Inc. (I) 2,242 7,309
Viad Corp. 4,288 102,655
Virco Manufacturing Corp. 1,200 3,900
Waste Connections, Inc. 26,927 775,228
WCA Waste Corp. (I) 1,000 6,000
 
    4,262,490
Construction & Engineering - 0.79%    
Aecom Technology Corp. (I) 215 5,962
Comfort Systems USA, Inc. 2,691 37,862
Dycom Industries, Inc. (I) 9,107 157,915
EMCOR Group, Inc. (I) 783 24,250
Granite Construction, Inc. (L) 3,290 92,449
Great Lakes Dredge & Dock Corp. 14,511 110,719
Insituform Technologies, Inc., Class A (I) 1,700 45,475
Integrated Electrical Services, Inc. (I) 620 2,133
Layne Christensen Company (I) 3,712 128,064
MasTec, Inc. (I) 1,800 37,440
Northwest Pipe Company (I) 2,200 50,446
Pike Electric Corp. (I) 4,573 43,535
Quanta Services, Inc. (I) 11,390 255,478
Sterling Construction Company, Inc. (I) 1,697 28,645
Tutor Perini Corp. 8,135 198,169
URS Corp. (I) 7,296 335,981
 
    1,554,523
Electrical Equipment - 1.37%    
A123 Systems, Inc. (I)(L) 2,300 14,605
Allied Motion Technologies, Inc. (I) 400 2,820
Belden, Inc. 28,829 1,082,529
Brady Corp., Class A 507 18,095
Encore Wire Corp. 3,894 94,780
EnerSys (I) 2,536 100,806
Franklin Electric Company, Inc. 800 36,960
General Cable Corp. (I) 2,238 96,905

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electrical Equipment (continued)    
GrafTech International, Ltd. (I) 54,048 $ 1,115,010
Hoku Corp. (I)(L) 1,633 3,266
LaBarge, Inc. (I) 300 5,310
LSI Industries, Inc. 4,131 29,908
Ocean Power Technologies, Inc. (I)(L) 2,429 13,432
Orion Energy Systems, Inc. (I) 3,553 14,319
Powell Industries, Inc. (I) 206 8,125
PowerSecure International, Inc. (I) 3,120 26,832
SL Industries, Inc. (I) 1,600 29,296
Technology Research Corp. 1,197 8,547
Ultralife Corp. (I) 1,984 10,039
 
    2,711,584
Industrial Conglomerates - 0.04%    
Standex International Corp. 2,329 88,246
Machinery - 4.54%    
Actuant Corp., Class A 2,201 63,829
AGCO Corp. (I)(L) 3,700 203,389
Alamo Group, Inc. 2,627 72,111
Albany International Corp., Class A 3,434 85,507
American Railcar Industries, Inc. (I) 4,697 117,237
Ampco-Pittsburgh Corp. 1,146 31,607
Astec Industries, Inc. (I) 800 29,832
Barnes Group, Inc. (L) 2,420 50,530
Briggs & Stratton Corp. 7,127 161,427
Cascade Corp. 1,676 74,716
Chart Industries, Inc. (I) 4,442 244,488
CIRCOR International, Inc. 809 38,039
Columbus McKinnon Corp. (I) 3,811 70,351
EnPro Industries, Inc. (I)(L) 1,000 36,320
ESCO Technologies, Inc. 600 22,890
Federal Signal Corp. 14,213 92,527
Flow International Corp. (I) 6,450 28,316
FreightCar America, Inc. 1,700 55,267
Gardner Denver, Inc. 16,030 1,250,821
Gencor Industries, Inc. (I) 1,400 11,046
Greenbrier Companies, Inc. (I) 4,803 136,309
Hardinge, Inc. 3,000 41,100
Hurco Companies, Inc. (I) 1,492 45,506
IDEX Corp. 22,554 984,482
Kaydon Corp. 1,300 50,947
Key Technology, Inc. (I) 641 12,955
L.B. Foster Company 450 19,400
Lydall, Inc. (I) 2,409 21,416
Met-Pro Corp. 2,056 24,466
MFRI, Inc. (I) 1,100 12,364
Miller Industries, Inc. 2,747 44,611
Mueller Industries, Inc. 1,248 45,702
Mueller Water Products, Inc. 19,856 88,955
NACCO Industries, Inc., Class A 1,100 121,737
NN, Inc. (I) 1,526 27,865
Sauer-Danfoss, Inc. (I) 1,712 87,192
Terex Corp. (I) 1,402 51,930
Timken Company 384 20,083
Titan International, Inc. (L) 73,430 1,953,972
Trinity Industries, Inc. 39,629 1,453,195
Twin Disc, Inc. 687 22,135
Valmont Industries, Inc. 8,157 851,346
Watts Water Technologies, Inc., Class A (L) 2,867 109,491
 
    8,967,409
Marine - 0.26%    
Alexander & Baldwin, Inc. 6,896 314,802
Eagle Bulk Shipping, Inc. (I)(L) 13,405 49,867
Excel Maritime Carriers, Ltd. (I)(L) 16,611 71,261

 

328

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Marine (continued)    
Genco Shipping & Trading, Ltd. (I)(L) 5,300 $ 57,081
Horizon Lines, Inc. 6,383 5,426
International Shipholding Corp. 848 21,115
 
    519,552
Professional Services - 0.46%    
Barrett Business Services, Inc. 2,478 39,797
CBIZ, Inc. (I)(L) 11,152 80,406
CDI Corp. 5,470 80,901
CRA International, Inc. (I) 2,371 68,356
Franklin Covey Company (I) 3,500 30,310
FTI Consulting, Inc. (I) 97 3,718
GP Strategies Corp. (I) 3,946 53,666
Heidrick & Struggles International, Inc. 1,508 41,968
Hill International, Inc. (I) 640 3,386
Hudson Highland Group, Inc. (I) 4,800 31,200
Huron Consulting Group, Inc. (I) 556 15,396
Kelly Services, Inc., Class A (I) 6,107 132,583
Korn/Ferry International (I) 1,251 27,860
LECG Corp. (I) 5,738 1,157
Manpower, Inc. 40 2,515
National Technical Systems, Inc. 1,146 8,194
Navigant Consulting Company (I) 4,810 48,052
On Assignment, Inc. (I) 9,160 86,654
RCM Technologies, Inc. (I) 300 1,527
School Specialty, Inc. (I) 2,153 30,788
SFN Group, Inc. (I) 3,304 46,553
The Dolan Company (I) 5,314 64,512
Volt Information Sciences, Inc. (I) 2,445 20,049
 
    919,548
Road & Rail - 1.80%    
AMERCO, Inc. (I) 3,340 323,980
Arkansas Best Corp. 1,945 50,414
Avis Budget Group, Inc. (I) 17,100 306,261
Celadon Group, Inc. (I) 2,764 44,887
Con-way, Inc. 492 19,331
Covenant Transport, Inc. (I) 1,373 12,700
Dollar Thrifty Automotive Group, Inc. (I) 4,000 266,920
Frozen Food Express Industries (I) 800 2,768
Genesee & Wyoming, Inc., Class A (I) 1,300 75,660
Landstar System, Inc. 16,080 734,534
Marten Transport, Ltd. 3,706 82,644
Old Dominion Freight Line, Inc. (I) 31,198 1,094,738
P.A.M. Transportation Services, Inc. (I) 2,546 30,934
RailAmerica, Inc. (I) 2,418 41,203
Ryder Systems, Inc. 7,300 369,380
Saia, Inc. (I) 3,445 56,464
Universal Truckload Services, Inc. (I) 174 3,002
USA Truck, Inc. (I) 2,476 32,188
Werner Enterprises, Inc. 112 2,965
 
    3,550,973
Trading Companies & Distributors - 1.42%    
Aceto Corp. 5,823 46,409
Aircastle, Ltd. 13,051 157,526
Applied Industrial Technologies, Inc. 4,193 139,459
Beacon Roofing Supply, Inc. (I)(L) 41,363 846,701
CAI International, Inc. (I) 2,900 74,994
DXP Enterprises, Inc. (I) 180 4,154
GATX Corp. 7,598 293,739
H&E Equipment Services, Inc. (I) 9,156 178,634
Interline Brands, Inc. (I) 5,656 115,382
Kaman Corp., Class A 600 21,120
Lawson Products, Inc. 1,291 29,745
Rush Enterprises, Inc., Class B (I) 28,338 492,798

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Trading Companies & Distributors (continued)    
TAL International Group, Inc. 5,450 $ 197,672
Titan Machinery, Inc. (I) 3,600 90,900
WESCO International, Inc. (I) 1,718 107,375
Willis Lease Finance Corp. (I) 406 5,132
 
    2,801,740
    31,488,293
Information Technology - 15.31%    
Communications Equipment - 1.41%    
Anaren, Inc. (I) 1,281 25,748
Arris Group, Inc. (I) 113 1,440
Aviat Networks, Inc. (I) 10,732 55,484
Aware, Inc. (I) 4,448 16,013
Bel Fuse, Inc., Class B 2,241 49,324
Black Box Corp. 2,519 88,543
Calix, Inc. (I) 586 11,902
Cogo Group, Inc. (I) 5,369 43,328
Communications Systems, Inc. 2,000 30,880
Comtech Telecommunications Corp. 2,888 78,496
DG Fastchannel, Inc. (I) 900 28,998
Digi International, Inc. (I) 5,313 56,105
EchoStar Corp., Class A (I) 3,985 150,832
EMS Technologies, Inc. (I) 2,800 55,034
Emulex Corp. (I) 3,023 32,255
EndWave Corp. (I) 2,500 6,000
Extreme Networks, Inc. (I) 3,404 11,914
Globecomm Systems, Inc. (I) 5,296 65,300
Harmonic, Inc. (I) 6,700 62,846
JDS Uniphase Corp. (I) 62,403 1,300,479
KVH Industries, Inc. (I) 2,778 42,003
Loral Space & Communications, Inc. (I) 1,287 99,807
Network Engines, Inc. (I) 7,300 14,819
Network Equipment Technologies, Inc. (I)(L) 364 1,372
Oplink Communications, Inc. (I) 1,719 33,503
OpNext, Inc. (I) 12,000 29,160
Optical Cable Corp. 931 4,627
ORBCOMM, Inc. (I) 10,840 35,772
Performance Technologies, Inc. (I) 2,000 4,260
Relm Wireless Corp. (I) 3,600 5,724
Seachange International, Inc. (I) 5,428 51,566
Sycamore Networks, Inc. 5,162 126,108
Symmetricom, Inc. (I) 1,500 9,195
Telular Corp. 2,776 20,154
Tollgrade Communications, Inc. (I) 2,100 21,168
UTStarcom, Inc. (I)(L) 31,207 73,336
Viasat, Inc. (I) 1,300 51,792
 
    2,795,287
Computers & Peripherals - 0.33%    
Avid Technology, Inc. (I) 9,145 203,934
Concurrent Computer Corp. (I) 1,651 10,500
Cray, Inc. (I) 1,067 6,882
Datalink Corp. (I) 2,700 17,280
Electronics for Imaging, Inc. (I) 9,181 135,053
Hutchinson Technology, Inc. (I)(L) 5,052 14,247
Imation Corp. (I) 8,347 92,986
Intermec, Inc. (I) 973 10,499
Interphase Corp. (I) 940 6,166
Intevac, Inc. (I) 5,201 64,648
KEY Tronic Corp. (I) 1,900 9,519
Novatel Wireless, Inc. (I) 7,508 40,994
Presstek, Inc. (I) 6,291 13,085
Rimage Corp. 946 15,278

 

329

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Computers & Peripherals (continued)    
Silicon Graphics International Corp. (I) 1,054 $ 22,556
    663,627
Electronic Equipment, Instruments & Components - 3.58%  
ADDvantage Technologies Group, Inc. (I) 428 1,323
Arrow Electronics, Inc. (I) 16,966 710,536
Avnet, Inc. (I) 2,306 78,612
AVX Corp. 14,100 210,231
Benchmark Electronics, Inc. (I) 10,643 201,898
Checkpoint Systems, Inc. (I) 5,678 127,641
Chyron International Corp. (I) 200 464
Coherent, Inc. (I) 1,177 68,395
Electro Rent Corp. 5,481 94,164
Electro Scientific Industries, Inc. (I) 4,104 71,245
FARO Technologies, Inc. (I) 1,572 62,880
Gerber Scientific, Inc. (I) 5,171 48,401
ID Systems, Inc. (I) 2,235 10,281
Ingram Micro, Inc., Class A (I) 61,247 1,288,024
Insight Enterprises, Inc. (I) 6,149 104,717
IntriCon Corp. (I) 100 396
L-1 Identity Solutions, Inc. (I) 17,405 205,031
Measurement Specialties, Inc. (I) 3,388 115,395
Mercury Computer Systems, Inc. (I) 760 16,082
Methode Electronics, Inc. 8,295 100,204
Multi-Fineline Electronix, Inc. (I) 786 22,181
OSI Systems, Inc. (I) 32,010 1,201,335
PAR Technology Corp. (I) 3,132 14,094
Park Electrochemical Corp. 631 20,350
PC Connection, Inc. (I) 4,352 38,559
PC Mall, Inc. (I) 3,055 31,680
Perceptron, Inc. (I) 1,608 10,275
Planar Systems, Inc. (I) 5,100 14,025
Plexus Corp. (I) 100 3,506
RadiSys Corp. (I) 5,279 45,716
Richardson Electronics, Ltd. 2,884 38,011
Rofin-Sinar Technologies, Inc. (I) 14,909 588,906
Rogers Corp. (I) 2,200 99,132
Sanmina-SCI Corp. (I) 2,600 29,146
Scansource, Inc. (I) 900 34,191
SMART Modular    
Technologies (WWH), Inc. (I) 10,661 82,836
Spectrum Control, Inc. (I) 2,844 55,970
SYNNEX Corp. (I) 4,580 149,903
Tech Data Corp. (I) 7,214 366,904
Tessco Technologies, Inc. 1,950 22,425
TTM Technologies, Inc. (I) 9,698 176,116
Viasystems Group, Inc. (I) 720 19,649
Vicon Industries, Inc. (I) 126 595
Vishay Intertechnology, Inc. (I) 23,142 410,539
Vishay Precision Group, Inc. (I) 1,653 25,903
Wayside Technology Group, Inc. 96 1,316
X-Rite, Inc. (I) 3,846 18,269
Zygo Corp. (I) 2,603 38,056
 
    7,075,508
Internet Software & Services - 1.67%    
AOL, Inc. (I) 5,618 109,720
DealerTrack Holdings, Inc. (I) 1,571 36,070
Digital River, Inc. (I) 504 18,865
Earthlink, Inc. 14,781 115,735
IAC/InterActiveCorp (I) 13,798 426,220
InfoSpace, Inc. (I) 8,014 69,401
Internap Network Services Corp. (I) 11,043 72,553
Keynote Systems, Inc. 700 12,985
Looksmart, Ltd. (I) 700 1,148

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet Software & Services (continued)    
Marchex, Inc., Class B 5,948 $ 46,811
Market Leader, Inc. (I) 700 1,750
ModusLink Global Solutions, Inc. 10,316 56,325
Open Text Corp. (I)(L) 16,793 1,046,540
Perficient, Inc. (I) 1,837 22,062
RealNetworks, Inc. (I) 23,449 87,230
Soundbite Communications, Inc. (I)(L) 3,800 10,070
TechTarget, Inc. (I) 2,453 21,856
The Knot, Inc. (I) 3,091 37,247
TheStreet.com, Inc. 8,757 29,336
United Online, Inc. 10,879 68,592
ValueClick, Inc. (I) 66,506 961,677
Web.com Group, Inc. (I) 2,845 41,509
 
    3,293,702
IT Services - 1.74%    
Acorn Energy, Inc. (I) 1,776 6,376
Acxiom Corp. (I) 3,452 49,536
CACI International, Inc., Class A (I) 4,374 268,214
CIBER, Inc. (I) 17,241 115,515
Convergys Corp. (I) 16,749 240,516
CoreLogic, Inc. (I) 11,608 214,748
Dynamics Research Corp. (I) 1,898 31,032
Euronet Worldwide, Inc. (I) 1,100 21,263
Integral Systems, Inc. (I) 3,264 39,723
INX, Inc. (I) 689 5,050
Jack Henry & Associates, Inc. 30,796 1,043,676
Online Resources Corp. (I) 6,260 23,663
SRA International, Inc., Class A (I) 5,347 151,641
StarTek, Inc. (I) 3,143 15,841
The Hackett Group, Inc. (I) 7,525 28,896
Tier Technologies, Inc., Class B (I) 709 3,900
Virtusa Corp. (I) 2,973 55,684
WPCS International, Inc. (I) 1,200 2,880
Wright Express Corp. (I) 21,692 1,124,513
XETA Technologies, Inc. (I) 400 2,188
 
    3,444,855
Semiconductors & Semiconductor Equipment - 3.36%  
Advanced Analogic Technologies, Inc. (I) 9,064 34,262
Advanced Energy Industries, Inc. (I) 45,771 748,356
Aetrium (I) 650 1,118
Anadigics, Inc. (I) 11,169 50,037
ATMI, Inc. (I) 4,460 84,205
AuthenTec, Inc. (I) 4,734 15,149
Axcelis Technologies, Inc. (I) 5,100 13,515
AXT, Inc. (I)(L) 4,729 33,907
Brooks Automation, Inc. (I) 2,800 38,444
BTU International, Inc. (I) 1,318 14,498
Cabot Microelectronics Corp. (I) 1,000 52,250
Cascade Microtech, Inc. (I) 1,892 11,693
Cohu, Inc. 5,792 88,965
Cymer, Inc. (I) 19,897 1,125,772
Diodes, Inc. (I) 733 24,966
DSP Group, Inc. (I) 4,702 36,205
Entegris, Inc. (I) 1,000 8,770
Evergreen Solar, Inc. (I)(L) 3,119 4,211
Exar Corp. (I) 9,386 56,504
Fairchild Semiconductor International, Inc. (I) 20,626 375,393
FEI Company (I) 1,300 43,836
FormFactor, Inc. (I) 4,027 41,478
FSI International, Inc. (I) 7,000 30,660
GSI Technology, Inc. (I) 7,324 66,575
Ikanos Communications, Inc. (I) 4,125 4,703
Integrated Device Technology, Inc. (I) 4,923 36,283

 

330

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Integrated Silicon Solution, Inc. (I) 4,000 $ 37,080
International Rectifier Corp. (I) 3,315 109,594
Intersil Corp., Class A 2,747 34,200
IXYS Corp. (I) 1,706 22,912
Kopin Corp. (I) 3,194 14,660
Kulicke & Soffa Industries, Inc. (I) 2,900 27,115
Lattice Semiconductor Corp. (I) 17,594 103,805
Mattson Technology, Inc. (I) 7,741 18,888
MEMSIC, Inc. (I) 3,797 13,973
Microsemi Corp. (I) 2,800 57,988
MKS Instruments, Inc. 38,412 1,279,120
MoSys, Inc. (I) 2,546 15,301
Pericom Semiconductor Corp. (I) 5,948 61,681
Photronics, Inc. (I) 13,726 123,122
PLX Technology, Inc. (I) 364 1,329
PMC-Sierra, Inc. (I) 7,700 57,750
Rudolph Technologies, Inc. (I) 4,469 48,891
Semtech Corp. (I) 41,553 1,039,656
Sigma Designs, Inc. (I) 7,446 96,426
Silicon Image, Inc. (I) 985 8,835
Spansion, Inc., Class A (I) 1,159 21,639
Standard Microsystems Corp. (I) 2,511 61,921
SunPower Corp., Class A (I) 6,049 103,680
SunPower Corp., Class B (I) 3,303 55,061
Supertex, Inc. (I) 500 11,140
Tessera Technologies, Inc. (I) 3,207 58,560
Trident Microsystems, Inc. (I) 10,300 11,845
Zoran Corp. (I) 9,814 101,967
 
    6,639,894
Software - 3.22%    
Accelrys, Inc. (I) 3,700 29,600
American Software, Inc., Class A 473 3,491
Ariba, Inc. (I) 58,707 2,004,257
AsiaInfo Holdings, Inc. (I) 400 8,660
Epicor Software Corp. (I) 4,600 50,922
EPIQ Systems, Inc. 3,012 43,252
ePlus, Inc. (I) 1,964 52,262
JDA Software Group, Inc. (I) 1,400 42,364
Lawson Software, Inc. (I) 6,000 72,600
Mentor Graphics Corp. (I) 4,200 61,446
Parametric Technology Corp. (I) 38,291 861,165
Pervasive Software, Inc. (I) 1,000 6,680
Quest Software, Inc. (I) 37,111 942,248
S1 Corp. (I) 1,335 8,918
Smith Micro Software, Inc. (I) 1,724 16,137
Take-Two Interactive Software, Inc. (I) 3,500 53,795
TeleCommunication Systems, Inc. (I) 4,500 18,540
THQ, Inc. (I) 13,223 60,297
TIBCO Software, Inc. (I) 74,544 2,031,324
 
    6,367,958
    30,280,831
Materials - 7.59%    
Chemicals - 3.54%    
A. Schulman, Inc. 1,908 47,166
American Pacific Corp. (I) 1,621 9,856
American Vanguard Corp. 896 7,777
Arabian American Development Company (I) 2,516 10,668
Ashland, Inc. 7,730 446,485
Cabot Corp. 7,354 340,417
Chase Corp. 1,174 21,672
Core Molding Technologies, Inc. (I) 1,000 7,600
Cytec Industries, Inc. 4,978 270,654
Ferro Corp. (I) 5,895 97,798

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chemicals (continued)    
FMC Corp. 10,610 $ 901,107
Georgia Gulf Corp. (I) 2,102 77,774
H.B. Fuller Company 1,700 36,516
Huntsman Corp. 13,700 238,106
Innophos Holdings, Inc. 27,220 1,255,114
Innospec, Inc. (I) 200 6,388
KMG Chemicals, Inc. 1,402 27,563
Kraton Performance Polymers, Inc. (I) 29,107 1,113,343
Landec Corp. (I) 3,130 20,345
Minerals Technologies, Inc. 1,684 115,388
NL Industries, Inc. 42 624
OM Group, Inc. (I) 5,655 206,634
Penford Corp. (I) 3,024 18,840
PolyOne Corp. 80,387 1,142,299
Quaker Chemical Corp. 925 37,157
Sensient Technologies Corp. 1,592 57,057
Spartech Corp. (I) 5,607 40,651
Stepan Company 200 14,500
Westlake Chemical Corp. 5,856 329,107
Zoltek Companies, Inc. (I) 7,660 102,874
 
    7,001,480
Construction Materials - 0.09%    
Headwaters, Inc. (I) 12,808 75,567
Texas Industries, Inc. (L) 2,257 102,084
 
    177,651
Containers & Packaging - 0.71%    
AptarGroup, Inc. 16,068 805,489
Boise, Inc. (L) 15,900 145,644
Graphic Packaging Holding Company (I) 22,216 120,411
Myers Industries, Inc. 7,230 71,794
Temple-Inland, Inc. 10,728 251,035
 
    1,394,373
Metals & Mining - 2.00%    
A. M. Castle & Company (I) 5,242 98,969
Allied Nevada Gold Corp. (I) 6,437 228,385
Century Aluminum Company (I) 12,885 240,692
Coeur d’Alene Mines Corp. (I)(L) 8,300 288,674
Commercial Metals Company 2,350 40,585
Compass Minerals International, Inc. 9,896 925,573
Contango ORE, Inc. (I) 60 1,109
Detour Gold Corp. 8,892 281,205
Friedman Industries, Inc. 1,701 17,265
Haynes International, Inc. 2,139 118,608
Horsehead Holding Corp. (I) 7,506 127,977
Kaiser Aluminum Corp. (L) 3,152 155,236
Materion Corp. (I) 3,810 155,448
Olympic Steel, Inc. 2,383 78,186
Reliance Steel & Aluminum Company 10,500 606,690
RTI International Metals, Inc. (I) 4,900 152,635
Schnitzer Steel Industries, Inc. 500 32,505
Steel Dynamics, Inc. 11,900 223,363
Synalloy Corp. 1,121 14,427
Universal Stainless & Alloy Products, Inc. (I) 1,562 52,686
US Gold Corp. (I) 3,254 28,733
Worthington Industries, Inc. 4,408 92,215
 
    3,961,166
Paper & Forest Products - 1.25%    
Buckeye Technologies, Inc. 7,700 209,671
Clearwater Paper Corp. (I) 300 24,420
Domtar Corp. 3,950 362,531
KapStone Paper and Packaging Corp. (I) 6,110 104,909
Louisiana-Pacific Corp. (I)(L) 21,468 225,414

 

331

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Paper & Forest Products (continued)    
MeadWestvaco Corp. 15,424 $ 467,810
Mercer International, Inc. (I)(L) 10,058 136,286
Neenah Paper, Inc. 1,549 34,032
P.H. Glatfelter Company 8,710 116,017
Schweitzer-Mauduit International, Inc. 15,183 768,412
Wausau Paper Corp. 1,731 13,225
 
    2,462,727
    14,997,397
Telecommunication Services - 1.01%    
Diversified Telecommunication Services - 0.53%    
Alaska Communications    
Systems Group, Inc. (L) 66,908 712,570
General Communication, Inc., Class A (I) 9,357 102,366
HickoryTech Corp. 1,558 14,162
Hughes Communications, Inc. (I) 389 23,212
IDT Corp., Class B 1,070 28,837
Iridium Communications, Inc. (I)(L) 9,200 73,324
Neutral Tandem, Inc. (I) 1,186 17,494
Premiere Global Services, Inc. (I) 2,800 21,336
Primus Telecommunications Group, Inc. (I) 43 627
SureWest Communications (I) 2,913 41,889
 
    1,035,817
Wireless Telecommunication Services - 0.48%    
FiberTower Corp. (I) 5,109 10,269
Leap Wireless International, Inc. (I) 8,053 124,741
MetroPCS Communications, Inc. (I) 17,000 276,080
Telephone & Data Systems, Inc. 5,100 171,870
Telephone & Data Systems, Inc. -    
Special Shares 5,765 170,183
United States Cellular Corp. (I) 3,700 190,513
USA Mobility, Inc. 900 13,041
 
    956,697
    1,992,514
Utilities - 1.00%    
Gas Utilities - 0.69%    
Energen Corp. 10,622 670,437
UGI Corp. 20,888 687,215
 
    1,357,652
Independent Power Producers & Energy Traders - 0.26%  
Dynegy, Inc. (I) 5,736 32,638
GenOn Energy, Inc. (I) 117,591 448,022
Ormat Technologies, Inc. (L) 1,734 43,922
 
    524,582
Water Utilities - 0.05%    
Consolidated Water Company, Ltd. 18 196
Pennichuck Corp. 842 23,989
SJW Corp. 2,833 65,584
 
    89,769
    1,972,003
TOTAL COMMON STOCKS (Cost $135,223,086) $ 193,712,253
 
RIGHTS - 0.00%    
Energy - 0.00%    
HKN, Inc. (Expiration date: 04/07/2011, Strike    
price $2.00) (I) 834 751
TOTAL RIGHTS (Cost $799) $ 751

 

Small Cap Opportunities Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
SECURITIES LENDING COLLATERAL - 8.26%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   1,632,773 $ 16,338,999
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $16,339,426)   $ 16,338,999
 
SHORT-TERM INVESTMENTS - 1.88%    
Money Market Funds* - 1.88%      
State Street Institutional Liquid Reserves      
Fund, 0.1855% $ 3,707,446 $ 3,707,446
TOTAL SHORT-TERM INVESTMENTS (Cost $3,707,446) $ 3,707,446
Total Investments (Small Cap Opportunities Trust)    
(Cost $155,270,757) - 108.11%   $ 213,759,449
Other assets and liabilities, net - (8.11%)     (16,029,657)
TOTAL NET ASSETS - 100.00%   $ 197,729,792
 
 
 
Small Cap Value Trust      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 96.80%      
Consumer Discretionary - 17.34%      
Diversified Consumer Services - 1.19%      
Matthews International Corp., Class A   193,300 $ 7,451,715
Hotels, Restaurants & Leisure - 3.98%      
Bally Technologies, Inc. (I)   127,800 4,837,230
CEC Entertainment, Inc.   190,750 7,196,998
Choice Hotels International, Inc. (L)   179,000 6,954,150
Sonic Corp. (I)   647,900 5,863,495
 
      24,851,873
Household Durables - 1.58%      
Helen of Troy, Ltd. (I)   237,700 6,988,380
Tempur-Pedic International, Inc. (I)   57,500 2,912,950
 
      9,901,330
Leisure Equipment & Products - 0.73%      
Mattel, Inc.   182,700 4,554,711
Media - 2.21%      
Arbitron, Inc.   345,069 13,813,112
Multiline Retail - 0.89%      
Fred’s, Inc., Class A   419,000 5,581,080
Specialty Retail - 6.13%      
Ascena Retail Group, Inc. (I)   289,000 9,366,490
Hibbett Sports, Inc. (I)(L)   75,821 2,715,150
Stage Stores, Inc.   749,949 14,414,020
The Cato Corp., Class A   483,746 11,851,777
 
      38,347,437
Textiles, Apparel & Luxury Goods - 0.63%    
Skechers U.S.A., Inc., Class A (I)   190,600 3,914,924
 
      108,416,182
Consumer Staples - 3.28%      
Food & Staples Retailing - 1.16%      
Casey’s General Stores, Inc.   186,000 7,254,000
Food Products - 1.53%      
Ralcorp Holdings, Inc. (I)   54,400 3,722,592
Snyders-Lance, Inc.   295,269 5,861,090
 
      9,583,682

 

332

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Personal Products - 0.59%    
Herbalife, Ltd. 45,100 $ 3,669,336
    20,507,018
Energy - 4.85%    
Energy Equipment & Services - 2.13%    
Bristow Group, Inc. (I) 128,900 6,096,970
SEACOR Holdings, Inc. 78,044 7,215,948
 
    13,312,918
Oil, Gas & Consumable Fuels - 2.72%    
Georesources, Inc. (I) 29,800 931,846
Penn Virginia Corp. (L) 349,400 5,925,824
Plains Exploration & Production Company (I) 60,600 2,195,538
SM Energy Company 75,500 5,601,345
Whiting Petroleum Corp. (I) 31,500 2,313,675
 
    16,968,228
    30,281,146
Financials - 20.67%    
Capital Markets - 1.68%    
Ares Capital Corp. 620,666 10,489,255
Commercial Banks - 6.93%    
First Busey Corp. (L) 634,177 3,221,619
First Midwest Bancorp, Inc. 708,331 8,351,222
Hancock Holding Company (L) 115,100 3,779,884
International Bancshares Corp. (L) 406,782 7,460,382
MB Financial, Inc. 291,279 6,105,208
Webster Financial Corp. 495,300 10,614,279
Westamerica Bancorp. (L) 73,500 3,775,695
 
    43,308,289
Insurance - 6.85%    
Alleghany Corp. (I) 16,382 5,422,200
AMERISAFE, Inc. (I) 182,600 4,037,286
Assured Guaranty, Ltd. 308,007 4,589,304
Delphi Financial Group, Inc., Class A 437,750 13,443,303
Platinum Underwriters Holdings, Ltd. 218,609 8,326,817
Reinsurance Group of America, Inc. 111,500 6,999,970
 
    42,818,880
Real Estate Investment Trusts - 2.62%    
American Campus Communities, Inc. 112,600 3,715,800
DiamondRock Hospitality Company 371,088 4,145,053
Education Realty Trust, Inc. 417,869 3,355,488
Mack-Cali Realty Corp. 114,600 3,884,940
Ventas, Inc. 23,900 1,297,770
 
    16,399,051
Thrifts & Mortgage Finance - 2.59%    
Flushing Financial Corp. 22,700 338,230
NewAlliance Bancshares, Inc. (L) 387,448 5,749,728
Northwest Bancshares, Inc. 803,000 10,069,620
 
    16,157,578
    129,173,053
Health Care - 7.24%    
Health Care Equipment & Supplies - 1.43%    
Haemonetics Corp. (I) 49,400 3,237,676
ICU Medical, Inc. (I) 129,640 5,675,639
 
    8,913,315
Health Care Providers & Services - 2.23%    
AmSurg Corp. (I) 364,830 9,281,275
Corvel Corp. (I) 87,865 4,672,661
 
    13,953,936

 

Small Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Life Sciences Tools & Services - 3.58%    
Charles River    
Laboratories International, Inc. (I)(L) 264,200 $ 10,139,996
ICON PLC, SADR (I) 567,600 12,254,484
 
    22,394,480
 
    45,261,731
Industrials - 23.29%    
Commercial Services & Supplies - 5.35%    
ACCO Brands Corp. (I) 824,800 7,868,592
G&K Services, Inc., Class A 152,420 5,067,965
Standard Parking Corp. (I) 193,738 3,440,787
Unifirst Corp. 40,500 2,146,905
United Stationers, Inc. 209,694 14,898,759
 
    33,423,008
Construction & Engineering - 0.30%    
Sterling Construction Company, Inc. (I) 111,767 1,886,627
Electrical Equipment - 3.66%    
Acuity Brands, Inc. 92,000 5,381,080
Belden, Inc. 465,349 17,473,855
 
    22,854,935
Industrial Conglomerates - 3.39%    
Carlisle Companies, Inc. 476,336 21,220,769
Machinery - 5.03%    
Albany International Corp., Class A 435,834 10,852,267
ESCO Technologies, Inc. 183,800 7,011,970
Flowserve Corp. 20,500 2,640,400
Mueller Industries, Inc. 299,110 10,953,408
 
    31,458,045
Marine - 1.87%    
Kirby Corp. (I) 203,600 11,664,244
Road & Rail - 2.02%    
Genesee & Wyoming, Inc., Class A (I) 217,125 12,636,675
Trading Companies & Distributors - 1.67%    
GATX Corp. 269,500 10,418,870
 
    145,563,173
Information Technology - 9.65%    
Computers & Peripherals - 2.06%    
Diebold, Inc. 267,700 9,492,642
Electronics for Imaging, Inc. (I) 229,272 3,372,591
 
    12,865,233
Electronic Equipment, Instruments & Components - 1.76%  
Coherent, Inc. (I) 80,600 4,683,666
MTS Systems Corp. 111,068 5,059,147
NAM TAI Electronics, Inc. 196,137 1,263,122
 
    11,005,935
IT Services - 2.68%    
Fiserv, Inc. (I) 73,100 4,584,832
MAXIMUS, Inc. 149,800 12,159,266
 
    16,744,098
Office Electronics - 1.18%    
Zebra Technologies Corp., Class A (I) 187,900 7,373,196
Semiconductors & Semiconductor Equipment - 0.63%  
Maxim Integrated Products, Inc. 153,500 3,929,600
Software - 1.34%    
Websense, Inc. (I)(L) 366,400 8,416,208
 
    60,334,270

 

333

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Value Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Materials - 5.01%      
Chemicals - 2.09%      
Kraton Performance Polymers, Inc. (I)   162,910 $ 6,231,308
Zep, Inc.   394,050 6,860,411
 
      13,091,719
Containers & Packaging - 1.49%      
AptarGroup, Inc.   156,038 7,822,185
Greif, Inc., Class A   22,500 1,471,725
 
      9,293,910
Paper & Forest Products - 1.43%      
Deltic Timber Corp. (L)   133,646 8,932,899
 
      31,318,528
Utilities - 5.47%      
Electric Utilities - 2.43%      
Unisource Energy Corp.   247,000 8,924,110
Westar Energy, Inc. (L)   237,000 6,261,540
 
      15,185,650
Gas Utilities - 3.04%      
Atmos Energy Corp.   187,400 6,390,340
New Jersey Resources Corp.   109,774 4,714,793
UGI Corp.   86,300 2,839,270
WGL Holdings, Inc.   130,100 5,073,900
 
      19,018,303
      34,203,953
TOTAL COMMON STOCKS (Cost $438,936,685) $ 605,059,054
 
SECURITIES LENDING COLLATERAL - 24.64%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   15,393,077 154,036,977
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $154,038,873)   $ 154,036,977
 
SHORT-TERM INVESTMENTS - 3.50%    
Repurchase Agreement - 3.50%      
Barclay’s Capital Tri-Party Repurchase      
Agreement dated 03/31/2011 at 0.140% to    
be repurchased at $21,900,085 on      
04/01/2011, collateralized by $22,054,175    
Federal Home Loan Mortgage Corp.,      
4.400% due 06/16/2022 (valued at      
$22,338,626, including interest). $ 21,900,000 $ 21,900,000
TOTAL SHORT-TERM INVESTMENTS (Cost $21,900,000) $ 21,900,000
Total Investments (Small Cap Value Trust)    
(Cost $614,875,558) - 124.94%   $ 780,996,031
Other assets and liabilities, net - (24.94%)   (155,909,041)
TOTAL NET ASSETS - 100.00%   $ 625,086,990
 
 
 
Small Company Growth Trust    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 97.92%      
Consumer Discretionary - 16.54%      
Auto Components - 1.81%      
Tenneco, Inc. (I)   19,998 $ 848,915

 

Small Company Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Auto Components (continued)    
TRW Automotive Holdings Corp. (I) 21,923 $ 1,207,519
 
    2,056,434
Distributors - 0.55%    
Pool Corp. (L) 25,884 624,063
Diversified Consumer Services - 1.26%    
Weight Watchers International, Inc. 20,524 1,438,732
Hotels, Restaurants & Leisure - 4.71%    
Buffalo Wild Wings, Inc. (I)(L) 13,612 740,901
Choice Hotels International, Inc. (L) 17,941 697,008
Darden Restaurants, Inc. 15,102 741,961
Jack in the Box, Inc. (I) 31,466 713,649
P.F. Chang’s China Bistro, Inc. (L) 20,019 924,678
Penn National Gaming, Inc. (I)(L) 26,296 974,530
WMS Industries, Inc. (I)(L) 16,151 570,938
 
    5,363,665
Media - 0.99%    
DreamWorks Animation SKG, Inc. (I) 16,762 468,163
National CineMedia, Inc. 35,569 664,073
 
    1,132,236
Specialty Retail - 5.91%    
Dick’s Sporting Goods, Inc. (I) 22,304 891,714
DSW, Inc., Class A (I)(L) 20,105 803,396
Foot Locker, Inc. 41,545 819,267
Group 1 Automotive, Inc. 21,364 914,379
Tractor Supply Company 20,580 1,231,919
Vitamin Shoppe, Inc. (I) 25,720 870,108
Williams-Sonoma, Inc. (L) 29,444 1,192,482
 
    6,723,265
Textiles, Apparel & Luxury Goods - 1.31%    
Maidenform Brands, Inc. (I)(L) 23,294 665,510
Steven Madden, Ltd. (I) 17,705 830,896
 
    1,496,406
    18,834,801
Consumer Staples - 1.72%    
Food Products - 1.13%    
Diamond Foods, Inc. (L) 13,496 753,077
Ralcorp Holdings, Inc. (I) 7,792 533,207
 
    1,286,284
Personal Products - 0.59%    
Nu Skin Enterprises, Inc., Class A 23,196 666,885
 
    1,953,169
Energy - 8.35%    
Energy Equipment & Services - 4.06%    
Dresser-Rand Group, Inc. (I) 17,847 956,956
Dril-Quip, Inc. (I) 10,724 847,518
FMC Technologies, Inc. (I) 9,197 868,933
Lufkin Industries, Inc. 11,102 1,037,704
Patterson-UTI Energy, Inc. 31,048 912,501
 
    4,623,612
Oil, Gas & Consumable Fuels - 4.29%    
Bill Barrett Corp. (I) 17,571 701,259
Carrizo Oil & Gas, Inc. (I)(L) 22,764 840,675
Frontier Oil Corp. 44,965 1,318,374
James River Coal Company (I) 30,968 748,497
SandRidge Energy, Inc. (I)(L) 99,964 1,279,539
 
    4,888,344
    9,511,956

 

334

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Company Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Financials - 5.29%    
Capital Markets - 2.03%    
Affiliated Managers Group, Inc. (I) 9,020 $ 986,517
Greenhill & Company, Inc. (L) 9,325 613,492
Stifel Financial Corp. (I) 9,847 706,916
 
    2,306,925
Commercial Banks - 2.07%    
City National Corp. 11,919 679,979
Huntington Bancshares, Inc. 104,982 697,080
SVB Financial Group (I) 17,213 979,936
 
    2,356,995
Insurance - 1.19%    
Brown & Brown, Inc. 21,047 543,013
ProAssurance Corp. (I) 12,840 813,671
 
    1,356,684
    6,020,604
Health Care - 15.49%    
Biotechnology - 1.76%    
Acorda Therapeutics, Inc. (I) 20,528 476,250
BioMarin Pharmaceutical, Inc. (I)(L) 30,742 772,546
United Therapeutics Corp. (I) 11,284 756,254
 
    2,005,050
Health Care Equipment & Supplies - 3.51%    
Insulet Corp. (I)(L) 29,377 605,754
Masimo Corp. 26,696 883,638
Meridian Bioscience, Inc. (L) 26,781 642,476
Sirona Dental Systems, Inc. (I) 18,128 909,300
Zoll Medical Corp. (I) 21,348 956,604
 
    3,997,772
Health Care Providers & Services - 3.43%    
Chemed Corp. 14,797 985,628
Health Management    
Associates, Inc., Class A (I) 73,376 799,798
MEDNAX, Inc. (I) 11,019 733,976
PSS World Medical, Inc. (I)(L) 28,256 767,150
VCA Antech, Inc. (I)(L) 24,614 619,781
 
    3,906,333
Health Care Technology - 1.58%    
Allscripts-Misys Healthcare Solutions, Inc. (I) 44,493 933,908
Quality Systems, Inc. 10,425 868,820
 
    1,802,728
Life Sciences Tools & Services - 2.63%    
Bruker Corp. (I) 42,268 881,288
Parexel International Corp. (I) 27,708 689,929
PerkinElmer, Inc. 28,336 744,387
Techne Corp. 9,385 671,966
 
    2,987,570
Pharmaceuticals - 2.58%    
Medicis Pharmaceutical Corp., Class A 25,617 820,769
Perrigo Company 11,199 890,544
Valeant Pharmaceuticals International, Inc.    
(Toronto Exchange) (L) 24,633 1,226,970
 
    2,938,283
    17,637,736
Industrials - 15.67%    
Aerospace & Defense - 2.32%    
Hexcel Corp. (I) 37,987 747,964

 

Small Company Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Aerospace & Defense (continued)    
TransDigm Group, Inc. (I) 22,554 $ 1,890,689
 
    2,638,653
Air Freight & Logistics - 1.50%    
Forward Air Corp. 25,827 791,081
HUB Group, Inc., Class A (I) 25,404 919,371
 
    1,710,452
Commercial Services & Supplies - 1.57%    
Corrections Corp. of America (I) 31,212 761,573
Fuel Tech, Inc. (I)(L) 34,407 306,222
Tetra Tech, Inc. (I) 29,119 718,948
 
    1,786,743
Electrical Equipment - 1.84%    
Regal-Beloit Corp. 16,470 1,215,980
Thomas & Betts Corp. (I) 14,757 877,599
 
    2,093,579
Machinery - 5.24%    
Kaydon Corp. 16,761 656,864
Kennametal, Inc. 19,675 767,325
Lincoln Electric Holdings, Inc. 11,432 867,917
Lindsay Corp. (L) 9,680 764,914
Meritor, Inc. (I) 48,387 821,127
Terex Corp. (I) 25,141 931,223
Wabtec Corp. 17,002 1,153,246
 
    5,962,616
Professional Services - 0.98%    
CoStar Group, Inc. (I)(L) 17,850 1,118,838
Road & Rail - 0.81%    
Knight Transportation, Inc. (L) 48,001 924,019
Trading Companies & Distributors - 1.41%    
Watsco, Inc. 9,526 664,057
WESCO International, Inc. (I)(L) 15,130 945,625
 
    1,609,682
    17,844,582
Information Technology - 28.54%    
Communications Equipment - 4.28%    
Ciena Corp. (I)(L) 32,549 844,972
Finisar Corp. (I) 35,516 873,694
Harmonic, Inc. (I) 75,184 705,226
NETGEAR, Inc. (I) 23,349 757,442
Polycom, Inc. (I) 32,541 1,687,251
 
    4,868,585
Electronic Equipment, Instruments & Components - 1.61%  
Coherent, Inc. (I) 16,197 941,208
Littelfuse, Inc. 15,618 891,788
 
    1,832,996
Internet Software & Services - 2.76%    
Open Text Corp. (I)(L) 14,683 915,045
ValueClick, Inc. (I) 56,386 815,342
VistaPrint NV (I)(L) 13,141 682,018
WebMD Health Corp. (I) 13,647 729,023
 
    3,141,428
IT Services - 1.28%    
Alliance Data Systems Corp. (I)(L) 9,419 808,998
Global Payments, Inc. 13,238 647,603
 
    1,456,601
Semiconductors & Semiconductor Equipment - 6.71%  
Advanced Energy Industries, Inc. (I) 48,887 799,302

 

335

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Company Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Cymer, Inc. (I) 16,817 $ $ 951,506
Hittite Microwave Corp. (I) 15,440 984,609
Microsemi Corp. (I) 45,170 935,471
ON Semiconductor Corp. (I) 74,711 737,398
Power Integrations, Inc. 15,772 604,541
Semtech Corp. (I) 33,194 830,514
Teradyne, Inc. (I)(L) 58,495 1,041,796
Volterra Semiconductor Corp. (I)(L) 30,480 756,818
 
    7,641,955
Software - 11.90%    
ANSYS, Inc. (I) 14,873 805,968
Aspen Technology, Inc. (I) 59,810 896,552
BroadSoft, Inc. (I) 14,608 696,656
CommVault Systems, Inc. (I) 26,528 1,057,937
Fair Isaac Corp. 25,337 800,903
Informatica Corp. (I) 32,916 1,719,203
Lawson Software, Inc. (I) 101,422 1,227,206
Manhattan Associates, Inc. (I) 3,819 124,958
MICROS Systems, Inc. (I) 19,179 948,018
NICE Systems, Ltd., SADR (I) 24,520 905,769
Parametric Technology Corp. (I) 31,681 712,506
Quest Software, Inc. (I) 36,044 915,157
SolarWinds, Inc. (I) 26,730 627,086
SuccessFactors, Inc. (I)(L) 35,028 1,369,245
Websense, Inc. (I) 32,419 744,664
 
    13,551,828
    32,493,393
Materials - 4.70%    
Chemicals - 2.81%    
Calgon Carbon Corp. (I)(L) 28,387 450,786
Intrepid Potash, Inc. (I) 23,717 825,826
Olin Corp. 40,926 938,024
Rockwood Holdings, Inc. (I) 20,089 988,781
 
    3,203,417
Containers & Packaging - 0.82%    
Greif, Inc., Class A 14,195 928,495
Metals & Mining - 1.07%    
Allied Nevada Gold Corp. (I) 7,673 272,238
Carpenter Technology Corp. 14,634 625,018
Detour Gold Corp. (I) 10,083 318,870
 
    1,216,126
    5,348,038
Telecommunication Services - 0.89%    
Wireless Telecommunication Services - 0.89%    
SBA Communications Corp., Class A (I)(L) 25,463 1,010,372
Utilities - 0.73%    
Electric Utilities - 0.73%    
ITC Holdings Corp. 11,971 836,773
TOTAL COMMON STOCKS (Cost $77,196,719) $ 111,491,424
 
SECURITIES LENDING COLLATERAL - 16.41%  
John Hancock Collateral    
Investment Trust, 0.2867% (W)(Y) 1,867,584 18,688,726
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $18,689,237) $ 18,688,726

 

Small Company Growth Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
SHORT-TERM INVESTMENTS - 2.39%    
Money Market Funds* - 2.39%      
State Street Institutional Liquid Reserves      
Fund, 0.1855% $ 2,714,831 $ 2,714,831
TOTAL SHORT-TERM INVESTMENTS (Cost $2,714,831) $ 2,714,831
Total Investments (Small Company Growth Trust)    
(Cost $98,600,787) - 116.72%   $ 132,894,981
Other assets and liabilities, net - (16.72%)   (19,034,559)
TOTAL NET ASSETS - 100.00%   $ 113,860,422
 
 
 
Small Company Value Trust    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 96.59%      
Consumer Discretionary - 11.09%      
Auto Components - 0.70%      
Drew Industries, Inc.   135,300 $ 3,021,249
Automobiles - 0.52%      
Winnebago Industries, Inc. (I)(L)   168,500 2,252,845
Distributors - 0.62%      
Pool Corp. (L)   110,800 2,671,388
Diversified Consumer Services - 0.99%      
Matthews International Corp., Class A (L)   111,700 4,306,035
Hotels, Restaurants & Leisure - 0.74%      
Orient-Express Hotels, Ltd., Class A (I)(L)   259,700 3,212,489
Household Durables - 1.68%      
CSS Industries, Inc.   80,500 1,517,425
Ethan Allen Interiors, Inc. (L)   51,800 1,134,420
M/I Homes, Inc. (I)   72,200 1,082,278
Meritage Homes Corp. (I)(L)   123,700 2,984,881
Stanley Furniture Company, Inc. (I)   105,500 582,360
 
      7,301,364
Leisure Equipment & Products - 0.32%      
Brunswick Corp. (L)   54,200 1,378,306
Media - 0.88%      
Ascent Media Corp., Class A (I)(L)   47,200 2,305,720
Saga Communications, Inc., Class A (I)   43,000 1,495,540
 
      3,801,260
Multiline Retail - 0.39%      
Fred’s, Inc., Class A (L)   128,200 1,707,624
Specialty Retail - 4.07%      
Aaron’s, Inc. (L)   347,950 8,824,012
Haverty Furniture Companies, Inc.   155,100 2,056,626
MarineMax, Inc. (I)   140,300 1,383,358
Stein Mart, Inc.   243,300 2,459,763
The Men’s Wearhouse, Inc.   108,500 2,936,010
 
      17,659,769
Textiles, Apparel & Luxury Goods - 0.18%    
Culp, Inc. (I)   85,000 788,800
 
      48,101,129
Consumer Staples - 0.91%      
Food & Staples Retailing - 0.63%      
Nash Finch Company (L)   67,911 2,576,543
Pricesmart, Inc. (L)   4,200 153,888
 
      2,730,431

 

336

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Tobacco - 0.28%    
Alliance One International, Inc. (I)(L) 301,513 $ 1,212,082
    3,942,513
Energy - 7.16%    
Energy Equipment & Services - 2.93%    
Atwood Oceanics, Inc. (I) 48,465 2,250,230
CARBO Ceramics, Inc. (L) 37,200 5,249,664
Hercules Offshore, Inc. (I) 154,400 1,020,584
TetraTechnologies, Inc. (I)(L) 220,300 3,392,620
Union Drilling, Inc. (I) 75,500 773,875
 
    12,686,973
Oil, Gas & Consumable Fuels - 4.23%    
Cloud Peak Energy, Inc. (I) 102,300 2,208,657
Forest Oil Corp. (I) 75,900 2,871,297
Northern Oil and Gas, Inc. (I)(L) 151,200 4,037,040
Oasis Petroleum, Inc. (I) 156,600 4,951,692
Overseas Shipholding Group, Inc. (L) 31,000 996,340
Penn Virginia Corp. 193,800 3,286,848
 
    18,351,874
    31,038,847
Financials - 20.14%    
Capital Markets - 3.51%    
Ares Capital Corp. 299,600 5,063,240
Hercules Technology Growth Capital, Inc. 196,800 2,164,800
JMP Group, Inc. 97,500 839,475
Kohlberg Capital Corp. 174,634 1,442,477
Piper Jaffray Companies (I)(L) 38,500 1,595,055
Stifel Financial Corp. (I)(L) 57,600 4,135,104
 
    15,240,151
Commercial Banks - 5.20%    
Columbia Banking System, Inc. (L) 68,900 1,320,813
East West Bancorp, Inc. (L) 125,170 2,748,733
Glacier Bancorp, Inc. (L) 193,059 2,905,538
Home Bancshares, Inc. 125,000 2,843,750
Signature Bank (I)(L) 53,400 3,011,760
SVB Financial Group (I)(L) 102,900 5,858,097
Wintrust Financial Corp. (L) 105,300 3,869,775
 
    22,558,466
Diversified Financial Services - 0.50%    
Compass Diversified Holdings (L) 147,000 2,166,780
Insurance - 3.87%    
Alterra Capital Holdings, Ltd. 127,100 2,839,414
Employers Holdings, Inc. (L) 69,400 1,433,804
Fortegra Financial Corp. (I) 38,400 436,224
Markel Corp. (I)(L) 6,170 2,557,157
National Interstate Corp. 114,000 2,376,900
ProAssurance Corp. (I)(L) 112,500 7,129,125
 
    16,772,624
Real Estate Investment Trusts - 7.06%    
Acadia Realty Trust (L) 80,000 1,513,600
CBL & Associates Properties, Inc. (L) 350,000 6,097,000
Cedar Shopping Centers, Inc. 155,200 935,856
First Potomac Realty Trust 176,800 2,784,600
Hatteras Financial Corp. 78,200 2,198,984
Kilroy Realty Corp. (L) 118,200 4,589,706
LaSalle Hotel Properties (L) 142,800 3,855,600
Parkway Properties, Inc. 46,100 783,700
Potlatch Corp. (L) 84,800 3,408,960
Redwood Trust, Inc. (L) 135,300 2,103,915

 

Small Company Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
Washington Real Estate Investment Trust 76,300 $ 2,372,167
 
    30,644,088
 
    87,382,109
Health Care - 5.74%    
Biotechnology - 0.61%    
Exelixis, Inc. (I) 235,000 2,655,500
Health Care Equipment & Supplies - 1.97%    
Analogic Corp. (L) 35,625 2,014,594
AngioDynamics, Inc. (I) 99,600 1,505,952
Quidel Corp. (I)(L) 102,700 1,228,292
West Pharmaceutical Services, Inc. (L) 84,400 3,778,588
 
    8,527,426
Health Care Providers & Services - 3.16%    
Landauer, Inc. 34,750 2,137,820
National Healthcare Corp. 62,400 2,900,976
Owens & Minor, Inc. (L) 208,050 6,757,464
Triple-S Management Corp., Class B (I) 94,000 1,934,520
 
    13,730,780
 
    24,913,706
Industrials - 25.60%    
Aerospace & Defense - 0.27%    
Kratos Defense & Security Solutions, Inc. (I) 81,100 1,154,864
Air Freight & Logistics - 0.78%    
UTi Worldwide, Inc. 168,000 3,400,320
Airlines - 1.24%    
Alaska Air Group, Inc. (I) 84,900 5,384,358
Building Products - 1.75%    
Ameron International Corp. (L) 42,700 2,980,033
Gibraltar Industries, Inc. (I) 160,000 1,908,800
Universal Forest Products, Inc. (L) 73,500 2,693,775
 
    7,582,608
Commercial Services & Supplies - 3.22%    
G&K Services, Inc., Class A 85,800 2,852,850
McGrath Rentcorp 172,200 4,695,894
Mine Safety Appliances Company 60,200 2,207,534
Waste Connections, Inc. (L) 146,100 4,206,219
 
    13,962,497
Construction & Engineering - 1.55%    
Comfort Systems USA, Inc. 131,974 1,856,874
Insituform Technologies, Inc., Class A (I)(L) 154,000 4,119,500
Sterling Construction Company, Inc. (I) 44,200 746,096
 
    6,722,470
Electrical Equipment - 2.07%    
Belden, Inc. 101,647 3,816,845
Franklin Electric Company, Inc. 25,900 1,196,580
Woodward, Inc. 114,400 3,953,664
 
    8,967,089
Machinery - 5.92%    
Astec Industries, Inc. (I)(L) 47,800 1,782,462
Cascade Corp. 47,500 2,117,550
CIRCOR International, Inc. 64,200 3,018,684
IDEX Corp. 104,800 4,574,520
Nordson Corp. (L) 81,000 9,319,860
Robbins & Myers, Inc. 106,300 4,888,737
 
    25,701,813
Marine - 1.65%    
Kirby Corp. (I)(L) 125,206 7,173,052

 

337

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Professional Services - 1.72%    
FTI Consulting, Inc. (I)(L) 57,000 $ 2,184,810
Navigant Consulting Company (I) 179,200 1,790,208
On Assignment, Inc. (I) 244,200 2,310,132
The Dolan Company (I)(L) 97,000 1,177,580
 
    7,462,730
Road & Rail - 3.51%    
Genesee & Wyoming, Inc., Class A (I) 125,800 7,321,560
Landstar System, Inc. (L) 172,900 7,898,070
 
    15,219,630
Trading Companies & Distributors - 1.92%    
Beacon Roofing Supply, Inc. (I)(L) 287,900 5,893,313
Kaman Corp., Class A (L) 69,000 2,428,800
 
    8,322,113
    111,053,544
Information Technology - 10.92%    
Communications Equipment - 1.21%    
Ixia (I)(L) 211,500 3,358,620
Sonus Networks, Inc. (I)(L) 505,200 1,899,552
 
    5,258,172
Computers & Peripherals - 0.25%    
Xyratex, Ltd. (I) 98,400 1,100,112
Electronic Equipment, Instruments & Components - 3.66%  
Cognex Corp. 37,400 1,056,550
Electro Rent Corp. 190,000 3,264,200
Electro Scientific Industries, Inc. (I) 80,000 1,388,800
Littelfuse, Inc. 71,700 4,094,070
Methode Electronics, Inc. 69,900 844,392
Newport Corp. (I) 119,000 2,121,770
SYNNEX Corp. (I)(L) 95,000 3,109,350
 
    15,879,132
IT Services - 0.16%    
StarTek, Inc. (I) 139,000 700,560
Semiconductors & Semiconductor Equipment - 3.54%  
Advanced Energy Industries, Inc. (I)(L) 155,500 2,542,425
ATMI, Inc. (I) 73,600 1,389,568
Brooks Automation, Inc. (I)(L) 151,000 2,073,230
Cabot Microelectronics Corp. (I) 42,000 2,194,500
Cymer, Inc. (I)(L) 65,200 3,689,016
Teradyne, Inc. (I)(L) 194,100 3,456,921
 
    15,345,660
Software - 2.10%    
Accelrys, Inc. (I) 104,304 834,432
Progress Software Corp. (I)(L) 193,500 5,628,915
Websense, Inc. (I)(L) 114,675 2,634,085
 
    9,097,432
    47,381,068
Materials - 10.50%    
Chemicals - 2.85%    
American Vanguard Corp. (L) 133,000 1,154,440
Arch Chemicals, Inc. 94,800 3,942,732
Innospec, Inc. (I) 155,000 4,950,700
Minerals Technologies, Inc. 33,800 2,315,976
 
    12,363,848
Containers & Packaging - 1.84%    
AptarGroup, Inc. 121,000 6,065,730
Myers Industries, Inc. 193,000 1,916,490
 
    7,982,220

 

Small Company Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Metals & Mining - 3.74%    
AMCOL International Corp. (L) 74,500 $ 2,680,510
Carpenter Technology Corp. (L) 86,400 3,690,144
Franco-Nevada Corp. 82,900 3,043,230
North American Palladium, Ltd. (I)(L) 208,900 1,355,761
Royal Gold, Inc. (L) 53,075 2,781,130
Sims Metal Management, Ltd. (L) 147,100 2,669,865
 
    16,220,640
Paper & Forest Products - 2.07%    
Clearwater Paper Corp. (I) 45,300 3,687,420
Deltic Timber Corp. 59,000 3,943,560
Wausau Paper Corp. (L) 178,700 1,365,268
 
    8,996,248
 
    45,562,956
Telecommunication Services - 0.39%    
Diversified Telecommunication Services - 0.39%    
Premiere Global Services, Inc. (I) 224,100 1,707,642
Utilities - 4.14%    
Electric Utilities - 2.16%    
Cleco Corp. 119,400 4,094,226
El Paso Electric Company (I)(L) 147,500 4,484,000
The Empire District Electric Company (L) 35,300 769,187
 
    9,347,413
Gas Utilities - 0.72%    
Southwest Gas Corp. (L) 80,300 3,129,291
Multi-Utilities - 1.26%    
Black Hills Corp. (L) 55,100 1,842,544
NorthWestern Corp. 70,400 2,133,120
Vectren Corp. (L) 55,200 1,501,440
 
    5,477,104
 
    17,953,808
TOTAL COMMON STOCKS (Cost $322,140,863) $ 419,037,322
PREFERRED SECURITIES - 1.38%    
Financials - 1.38%    
Commercial Banks - 0.97%    
East West Bancorp., Inc., Series A, 8.000% 2,600 4,195,802
Insurance - 0.41%    
Assured Guaranty, Ltd., 8.500% 28,500 1,781,678
 
    5,977,480
TOTAL PREFERRED SECURITIES (Cost $3,996,686) $ 5,977,480
INVESTMENT COMPANIES - 0.50%    
Investment Companies - 0.50%    
First Opportunity Fund, Inc. (I) 148,200 1,074,450
iShares Russell 2000 Value Index Fund (L) 14,300 1,077,934
 
    2,152,384
TOTAL INVESTMENT COMPANIES (Cost $2,710,893) $ 2,152,384
SECURITIES LENDING COLLATERAL - 27.89%    
John Hancock Collateral    
Investment Trust, 0.2867% (W)(Y) 12,092,393 121,007,363
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $121,010,249) $ 121,007,363

 

338

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
SHORT-TERM INVESTMENTS - 1.48%    
Money Market Funds* - 1.48%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0248% $ 456,286 $ 456,286
T.Rowe Price Prime Reserve Fund, 0.1942% 5,952,536 5,952,536
 
      6,408,822
TOTAL SHORT-TERM INVESTMENTS (Cost $6,408,822) $ 6,408,822
Total Investments (Small Company Value Trust)    
(Cost $456,267,513) - 127.84%   $ 554,583,371
Other assets and liabilities, net - (27.84%)   (120,761,878)
TOTAL NET ASSETS - 100.00%   $ 433,821,493
 
 
 
Smaller Company Growth Trust    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 97.55%      
Consumer Discretionary - 12.44%      
Auto Components - 0.50%      
American Axle &      
Manufacturing Holdings, Inc. (I)   2,528 $ 31,828
China Automotive Systems, Inc. (I)   410 3,637
Dana Holding Corp. (I)   8,559 148,841
Drew Industries, Inc.   14,290 319,096
Exide Technologies (I)   4,652 52,009
Federal Mogul Corp. (I)   628 15,637
Fuel Systems Solutions, Inc. (I)   1,010 30,482
Gentex Corp.   8,508 257,367
Modine Manufacturing Company (I)   1,738 28,051
Tenneco, Inc. (I)   9,636 409,048
Wonder Auto Technology, Inc. (I)   733 3,973
 
      1,299,969
Automobiles - 0.05%      
Tesla Motors, Inc. (I)(L)   1,979 54,818
Thor Industries, Inc.   2,369 79,054
 
      133,872
Distributors - 0.03%      
Pool Corp. (L)   3,013 72,643
Diversified Consumer Services - 0.63%      
American Public Education, Inc. (I)   1,089 44,050
Archipelago Learning, Inc. (I)   400 3,420
Bridgepoint Education, Inc. (I)(L)   1,109 18,964
Capella Education Company (I)(L)   902 44,911
Coinstar, Inc. (I)(L)   1,824 83,758
Education Management Corp. (I)(L)   893 18,699
Grand Canyon Education, Inc. (I)   1,247 18,082
Hillenbrand, Inc.   34,000 731,000
K12, Inc. (I)   1,410 47,517
Matthews International Corp., Class A   1,786 68,850
Pre-Paid Legal Services, Inc. (I)(L)   414 27,324
Sotheby’s   4,065 213,819
Steiner Leisure, Ltd. (I)   854 39,506
Strayer Education, Inc.   821 107,132
Universal Technical Institute, Inc.   1,252 24,351
Weight Watchers International, Inc.   2,009 140,831
 
      1,632,214
Hotels, Restaurants & Leisure - 1.26%      
AFC Enterprises, Inc. (I)   1,551 23,467
Ambassadors Group, Inc.   546 5,979

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Bally Technologies, Inc. (I) 3,250 $ 123,013
Biglari Holdings, Inc. (I) 27 11,436
BJ’s Restaurants, Inc. (I)(L) 1,320 51,916
Buffalo Wild Wings, Inc. (I)(L) 1,046 56,934
California Pizza Kitchen, Inc. (I) 1,413 23,851
Caribou Coffee Company, Inc. (I) 37,112 377,429
CEC Entertainment, Inc. 1,245 46,974
Choice Hotels International, Inc. 1,173 45,571
Denny’s Corp. (I) 6,040 24,522
DineEquity, Inc. (I) 929 51,076
Domino’s Pizza, Inc. (I) 39,385 725,866
Gaylord Entertainment Company (I) 2,019 70,019
International Speedway Corp., Class A 836 24,913
Interval Leisure Group, Inc. (I) 2,422 39,600
Isle of Capri Casinos, Inc. (I) 1,273 12,094
Krispy Kreme Doughnuts, Inc. (I) 3,680 25,907
Life Time Fitness, Inc. (I) 2,286 85,291
Orient-Express Hotels, Ltd., Class A (I) 6,114 75,630
P.F. Chang’s China Bistro, Inc. (L) 1,392 64,296
Panera Bread Company, Class A (I) 1,755 222,885
Papa John’s International, Inc. (I) 1,249 39,556
Peet’s Coffee & Tea, Inc. (I)(L) 778 37,414
Ruby Tuesday, Inc. (I) 46,180 605,420
Scientific Games Corp., Class A (I) 4,164 36,393
Shuffle Master, Inc. (I) 3,251 34,721
Sonic Corp. (I) 3,548 32,109
Texas Roadhouse, Inc., Class A 3,263 55,438
The Cheesecake Factory, Inc. (I)(L) 3,413 102,697
Vail Resorts, Inc. (I) 872 42,519
WMS Industries, Inc. (I) 3,503 123,831
 
    3,298,767
Household Durables - 1.27%    
Blyth, Inc. 324 10,527
Deer Consumer Products, Inc. (L) 1,220 8,857
Ethan Allen Interiors, Inc. 1,566 34,295
Harman International Industries, Inc. 63,260 2,961,833
Hovnanian Enterprises, Inc., Class A (I)(L) 3,874 13,675
iRobot Corp. (I) 1,311 43,119
Libbey, Inc. (I) 1,190 19,635
Sealy Corp. (I)(L) 1,922 4,882
Tempur-Pedic International, Inc. (I) 3,926 198,891
Universal Electronics, Inc. (I) 811 23,973
 
    3,319,687
Internet & Catalog Retail - 0.36%    
Blue Nile, Inc. (I) 872 47,079
HSN, Inc. (I) 2,450 78,474
NutriSystem, Inc. 729 10,563
Orbitz Worldwide, Inc. (I) 1,238 4,420
Overstock.com, Inc. (I) 977 15,358
PetMed Express, Inc. 694 11,007
Shutterfly, Inc. (I) 7,469 391,077
US Auto Parts Network, Inc. (I) 44,300 385,410
Vitacost.com, Inc. (I) 1,057 6,025
 
    949,413
Leisure Equipment & Products - 0.13%    
Brunswick Corp. 2,687 68,330
Callaway Golf Company 1,365 9,309
Eastman Kodak Company (I)(L) 16,295 52,633
Leapfrog Enterprises, Inc. (I) 1,085 4,687
Marine Products Corp. (I) 673 5,337
Polaris Industries, Inc. (L) 1,952 169,863
Smith & Wesson Holding Corp. (I)(L) 2,359 8,374

 

339

 


John Hancock Variable Insurance Trust (Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Leisure Equipment & Products (continued)    
Sturm Ruger & Company, Inc. 742 $ 17,044
    335,577
Media - 0.50%    
Arbitron, Inc. 1,633 65,369
China MediaExpress Holdings, Inc. (I)(L) 624 3,691
CKX, Inc. (I) 2,821 11,905
Dex One Corp. (I) 2,274 11,006
DreamWorks Animation SKG, Inc. (I) 4,228 118,088
John Wiley & Sons, Inc. 2,765 140,573
Knology, Inc. (I) 1,911 24,671
Lions Gate Entertainment Corp. (I) 3,726 23,288
Live Nation Entertainment, Inc. (I) 8,415 84,150
Madison Square Garden, Inc., Class A (I) 3,773 101,833
Martha Stewart Living    
Omnimedia, Inc., Class A (I) 1,648 6,114
Morningstar, Inc. 1,355 79,105
National CineMedia, Inc. 3,285 61,331
Outdoor Channel Holdings, Inc. (I) 768 5,729
ReachLocal, Inc. (I) 337 6,740
Sinclair Broadcast Group, Inc., Class A 1,848 23,174
The New York Times Company, Class A (I)(L) 2,766 26,194
Valassis Communications, Inc. (I) 16,495 480,664
Warner Music Group Corp. (I) 3,284 22,233
 
    1,295,858
Multiline Retail - 0.93%    
99 Cents Only Stores (I)(L) 21,168 414,893
Big Lots, Inc. (I) 4,580 198,909
Kohl’s Corp. 33,100 1,755,624
Retail Ventures, Inc. (I) 964 16,629
Saks, Inc. (I)(L) 4,144 46,869
 
    2,432,924
Specialty Retail - 4.91%    
Aaron’s, Inc. 4,668 118,380
Aeropostale, Inc. (I) 5,604 136,289
Americas Car-Mart, Inc. (I) 296 7,631
Ann, Inc. (I) 1,756 51,117
Asbury Automotive Group, Inc. (I) 1,159 21,430
Ascena Retail Group, Inc. (I) 18,864 611,382
Bebe Stores, Inc. 1,782 10,425
Casual Male Retail Group, Inc. (I) 105,245 516,753
Chico’s FAS, Inc. 256,426 3,820,747
Citi Trends, Inc. (I) 898 20,016
Coldwater Creek, Inc. (I) 3,916 10,338
DSW, Inc., Class A (I) 318 12,707
Express, Inc. 1,880 36,735
Genesco, Inc. (I) 18,806 756,001
hhgregg, Inc. (I) 1,197 16,028
Hibbett Sports, Inc. (I) 16,253 582,020
Jos. A. Bank Clothiers, Inc. (I) 14,894 757,807
Kirkland’s, Inc. (I) 963 14,869
Lithia Motors, Inc., Class A 12,906 188,169
Lumber Liquidators Holdings, Inc. (I) 1,328 33,187
Monro Muffler Brake, Inc. 8,783 289,663
New York & Company, Inc. (I) 1,060 7,431
Office Depot, Inc. (I) 8,395 38,869
OfficeMax, Inc. (I) 2,577 33,346
Pacific Sunwear of California, Inc. (I) 1,999 7,216
Penske Automotive Group, Inc. (I) 975 19,520
Pep Boys - Manny, Moe & Jack 53,172 675,816
Pier 1 Imports, Inc. (I) 7,104 72,106
Rue21, Inc. (I) 808 23,270
Sally Beauty Holdings, Inc. (I)(L) 6,097 85,419
Select Comfort Corp. (I) 3,359 40,510

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Signet Jewelers, Ltd. (I) 5,198 $ 239,212
The Buckle, Inc. (L) 19,495 787,598
The Children’s Place Retail Stores, Inc. (I) 13,366 666,028
The Finish Line, Inc., Class A 36,450 723,533
The Wet Seal, Inc., Class A (I) 6,169 26,403
Tractor Supply Company 4,420 264,581
Ulta Salon, Cosmetics & Fragrance, Inc. (I) 10,249 493,284
Vitamin Shoppe, Inc. (I) 1,448 48,986
Williams-Sonoma, Inc. (L) 12,880 521,640
Zumiez, Inc. (I)(L) 1,296 34,253
 
    12,820,715
Textiles, Apparel & Luxury Goods - 1.87%    
Carter’s, Inc. (I) 1,742 49,873
CROCS, Inc. (I)(L) 37,158 662,899
Deckers Outdoor Corp. (I) 10,121 871,924
Fuqi International, Inc. (I) 353 1,006
G-III Apparel Group, Ltd. (I) 988 37,129
Hanesbrands, Inc. (I) 3,774 102,049
Iconix Brand Group, Inc. (I) 29,237 628,011
K-Swiss, Inc., Class A (I) 1,069 12,048
Kenneth Cole Productions, Inc., Class A (I) 207 2,685
Liz Claiborne, Inc. (I)(L) 2,860 15,415
Maidenform Brands, Inc. (I) 1,416 40,455
Peace Mark Holdings, Ltd. (I) 464,000 0
Perry Ellis International, Inc. (I) 14,494 398,875
Steven Madden, Ltd. (I) 16,576 777,912
The Warnaco Group, Inc. (I) 14,291 817,302
True Religion Apparel, Inc. (I) 1,465 34,384
Under Armour, Inc., Class A (I)(L) 2,217 150,867
Volcom, Inc. 1,034 19,160
Wolverine World Wide, Inc. 6,627 247,055
 
    4,869,049
 
    32,460,688
Consumer Staples - 1.33%    
Beverages - 0.04%    
Boston Beer Company, Inc. (I) 562 52,052
Coca-Cola Bottling Company Consolidated 168 11,229
Heckmann Corp. (I) 6,274 41,095
National Beverage Corp. 698 9,584
 
    113,960
Food & Staples Retailing - 0.33%    
BJ’s Wholesale Club, Inc. (I) 2,152 105,061
Casey’s General Stores, Inc. 2,294 89,466
Pricesmart, Inc. 11,545 423,009
QKL Stores, Inc. (I)(L) 21,889 57,787
Rite Aid Corp. (I) 40,506 42,936
Susser Holdings Corp. (I) 259 3,390
United Natural Foods, Inc. (I) 2,774 124,331
 
    845,980
Food Products - 0.81%    
AgFeed Industries, Inc. (I)(L) 2,183 4,170
Alico, Inc. 223 5,970
Calavo Growers, Inc. 233 5,091
Darling International, Inc. (I) 7,077 108,773
Diamond Foods, Inc. 1,332 74,326
Farmer Brothers Company 154 1,866
Feihe International, Inc. (I)(L) 674 5,803
J & J Snack Foods Corp. 896 42,175
Pilgrim’s Pride Corp. (I) 1,135 8,751
Smart Balance, Inc. (I) 3,690 16,937
SunOpta, Inc. (I) 56,890 422,124

 

340

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products (continued)    
The Hain Celestial Group, Inc. (I) 19,144 $ 617,968
Tootsie Roll Industries, Inc. (L) 439 12,444
TreeHouse Foods, Inc. (I) 13,537 769,849
Zhongpin, Inc. (I)(L) 1,708 25,927
 
    2,122,174
Personal Products - 0.14%    
China-Biotics, Inc. (I) 339 2,722
Inter Parfums, Inc. 18,857 349,043
USANA Health Sciences, Inc. (I) 484 16,703
 
    368,468
Tobacco - 0.01%    
Alliance One International, Inc. (I)(L) 3,259 13,101
 
    3,463,683
Energy - 8.33%    
Energy Equipment & Services - 2.46%    
Atwood Oceanics, Inc. (I) 2,287 106,185
Basic Energy Services, Inc. (I) 687 17,525
CARBO Ceramics, Inc. 1,189 167,792
Complete Production Services, Inc. (I) 3,777 120,146
Dawson Geophysical Company (I) 11,565 507,472
Dril-Quip, Inc. (I)(L) 30,833 2,436,732
Exterran Holdings, Inc. (I) 3,641 86,401
Global Geophysical Services, Inc. (I) 1,092 15,790
Global Industries, Ltd. (I) 4,086 40,002
Hercules Offshore, Inc. (I) 3,480 23,003
ION Geophysical Corp. (I) 3,465 43,971
Key Energy Services, Inc. (I) 34,596 537,968
Lufkin Industries, Inc. 635 59,353
Matrix Service Company (I) 1,600 22,240
Newpark Resources, Inc. (I) 67,786 532,798
North American Energy Partners, Inc. (I) 43,690 538,698
Oil States International, Inc. (I) 1,073 81,698
OYO Geospace Corp. (I) 6,769 667,288
Pioneer Drilling Company (I) 2,132 29,422
RPC, Inc. (L) 2,695 68,237
Superior Energy Services, Inc. (I) 4,778 195,898
Tesco Corp. (I) 1,832 40,212
TetraTechnologies, Inc. (I) 4,618 71,117
Willbros Group, Inc. (I) 862 9,413
 
    6,419,361
Oil, Gas & Consumable Fuels - 5.87%    
Abraxas Petroleum Corp. (I)(L) 81,050 474,143
Approach Resources, Inc. (I) 491 16,498
ATP Oil & Gas Corp. (I)(L) 2,638 47,774
BPZ Resources, Inc. (I)(L) 4,901 26,024
Brigham Exploration Company (I)(L) 7,085 263,420
Carrizo Oil & Gas, Inc. (I) 90,313 3,335,259
Cheniere Energy, Inc. (I)(L) 3,319 30,900
China Integrated Energy, Inc. (I) 469 1,196
Clayton Williams Energy, Inc. (I) 478 50,525
Clean Energy Fuels Corp. (I)(L) 2,884 47,240
Comstock Resources, Inc. (I) 2,868 88,736
Contango Oil & Gas Company (I) 764 48,315
CVR Energy, Inc. (I) 1,676 38,816
Enbridge Energy Management LLC (I) 323 20,313
Endeavour International Corp. (I) 1,202 15,265
Energy XXI Bermuda, Ltd. (I) 4,047 138,003
Gastar Exploration, Ltd. (I) 3,402 16,534
Georesources, Inc. (I) 17,920 560,358
Goodrich Petroleum Corp. (I)(L) 1,478 32,841
Gran Tierra Energy, Inc. (I) 15,584 125,763
Gulfport Energy Corp. (I) 2,028 73,312

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Harvest Natural Resources, Inc. (I) 974 $ 14,844
Holly Corp. 3,226 196,012
International Coal Group, Inc. (I) 65,095 735,574
InterOil Corp. (I)(L) 27,700 2,067,528
Kodiak Oil & Gas Corp. (I)(L) 97,374 652,406
L&L Energy, Inc. (I)(L) 1,358 9,397
Magnum Hunter Resources Corp. (I)(L) 87,952 753,749
McMoRan Exploration Company (I) 5,470 96,874
Northern Oil and Gas, Inc. (I)(L) 3,303 88,190
Oasis Petroleum, Inc. (I) 3,075 97,232
Patriot Coal Corp. (I) 5,516 142,478
Petroleum Development Corp. (I) 11,208 538,096
Resolute Energy Corp. (I) 2,491 45,187
Rex Energy Corp. (I)(L) 249,040 2,901,316
Rosetta Resources, Inc. (I) 3,193 151,795
SandRidge Energy, Inc. (I)(L) 14,382 184,090
SM Energy Company 2,483 184,214
Swift Energy Company (I)(L) 13,180 562,522
Triangle Petroleum Corp. (I) 31,960 265,268
Uranium Energy Corp. (I)(L) 3,504 13,981
Venoco, Inc. (I) 1,829 31,258
Warren Resources, Inc. (I) 4,097 20,854
Western Refining, Inc. (I)(L) 2,088 35,392
World Fuel Services Corp. 1,991 80,855
 
    15,320,347
 
    21,739,708
Financials - 4.64%    
Capital Markets - 0.64%    
Cohen & Steers, Inc. 406 12,050
Duff & Phelps Corp. 1,279 20,438
E*TRADE Financial Corp. (I) 13,387 209,239
Epoch Holding Corp. 827 13,050
Evercore Partners, Inc., Class A 739 25,340
Financial Engines, Inc. (I) 1,652 45,529
GAMCO Investors, Inc., Class A 137 6,351
Gleacher & Company, Inc. (I) 1,673 2,911
Internet Capital Group, Inc. (I) 2,222 31,552
Intl. FCStone, Inc. (I) 800 20,336
KBW, Inc. 1,325 34,702
Knight Capital Group, Inc., Class A (I) 39,880 534,392
optionsXpress Holdings, Inc. 2,612 47,826
Pzena Investment Management, Inc., Class A 539 3,805
Stifel Financial Corp. (I) 8,800 631,752
SWS Group, Inc. 622 3,776
THL Credit, Inc. 601 8,216
TradeStation Group, Inc. (I) 764 5,363
Westwood Holdings Group, Inc. 361 14,530
 
    1,671,158
Commercial Banks - 1.05%    
Boston Private Financial Holdings, Inc. 42,790 302,525
Cardinal Financial Corp. 826 9,631
Columbia Banking System, Inc. 23,860 457,396
Danvers Bancorp, Inc. 1,204 25,790
East West Bancorp, Inc. 8,524 187,187
First Citizens BancShares, Inc. 1,968 394,741
IBERIABANK Corp. 8,000 481,040
Investors Bancorp, Inc. (I) 3,089 45,995
Nara Bancorp, Inc. (I) 764 7,350
Pinnacle Financial Partners, Inc. (I)(L) 969 16,027
Signature Bank (I) 2,461 138,800
SVB Financial Group (I)(L) 2,546 144,944
Texas Capital Bancshares, Inc. (I) 2,119 55,073

 

341

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Umpqua Holdings Corp. 42,252 $ 483,363
    2,749,862
Consumer Finance - 0.78%    
Cash America International, Inc. 15,447 711,334
Credit Acceptance Corp. (I) 575 40,802
Dollar Financial Corp. (I) 30,687 636,755
EZCORP, Inc., Class A (I) 2,697 84,659
First Cash Financial Services, Inc. (I) 13,627 526,002
The First Marblehead Corp. (I)(L) 1,388 3,054
World Acceptance Corp. (I) 332 21,646
 
    2,024,252
Diversified Financial Services - 1.37%    
Asset Acceptance Capital Corp. (I) 600 3,222
Encore Capital Group, Inc. (I) 26,120 618,783
Interactive Brokers Group, Inc., Class A 2,301 36,563
Moody’s Corp. (L) 82,050 2,782,316
NewStar Financial, Inc. (I) 1,202 13,126
PICO Holdings, Inc. (I) 617 18,547
Portfolio Recovery Associates, Inc. (I) 1,032 87,854
 
    3,560,411
Insurance - 0.17%    
Citizens, Inc., Class A (I) 1,733 12,651
eHealth, Inc. (I) 448 5,958
Greenlight Capital Re, Ltd., Class A (I) 1,828 51,568
Hilltop Holdings, Inc. (I) 897 9,006
MBIA, Inc. (I) 3,393 34,066
Montpelier Re Holdings, Ltd. 19,380 342,445
 
    455,694
Real Estate Investment Trusts - 0.35%    
Alexander’s, Inc. 139 56,566
Apartment Investment & Management    
Company, Class A 2,480 63,166
DCT Industrial Trust, Inc. (L) 7,340 40,737
DuPont Fabros Technology, Inc. (L) 3,615 87,664
Equity Lifestyle Properties, Inc. 1,775 102,329
Extra Space Storage, Inc. 5,042 104,420
Pebblebrook Hotel Trust 2,298 50,901
PS Business Parks, Inc. 1,191 69,007
Retail Opportunity Investments Corp. 1,645 17,996
Saul Centers, Inc. 291 12,964
Strategic Hotels & Resorts, Inc. (I) 3,209 20,698
Sun Communities, Inc. 695 24,777
Sunstone Hotel Investors, Inc. (I) 3,578 36,460
Taubman Centers, Inc. 3,314 177,564
U-Store-It Trust 5,230 55,020
 
    920,269
Real Estate Management & Development - 0.26%    
Altisource Portfolio Solutions SA (I) 16,368 502,170
Consolidated-Tomoka Land Company 214 6,934
Forest City Enterprises, Inc., Class A (I) 4,811 90,591
Forestar Group, Inc. (I) 1,020 19,400
Kennedy-Wilson Holdings, Inc. (I) 1,341 14,563
Tejon Ranch Company (I) 836 30,715
 
    664,373
Thrifts & Mortgage Finance - 0.02%    
Beneficial Mutual Bancorp, Inc. (I) 1,961 16,904
Doral Financial Corp. (I) 7,714 8,485
MGIC Investment Corp. (I) 3,827 34,022
 
    59,411
    12,105,430

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care - 15.08%    
Biotechnology - 2.76%    
Acorda Therapeutics, Inc. (I) 2,369 $ $ 54,961
Alkermes, Inc. (I) 3,751 48,575
Allos Therapeutics, Inc. (I)(L) 4,789 15,181
Alnylam Pharmaceuticals, Inc. (I)(L) 2,174 20,805
AMAG Pharmaceuticals, Inc. (I) 1,280 21,376
Ardea Biosciences, Inc. (I)(L) 1,424 40,855
Arena Pharmaceuticals, Inc. (I) 4,785 6,651
ARIAD Pharmaceuticals, Inc. (I) 7,691 57,836
Arqule, Inc. (I) 2,988 21,394
BioMarin Pharmaceutical, Inc. (I) 6,213 156,133
BioMimetic Therapeutics, Inc. (I) 1,265 16,584
BioSpecifics Technologies Corp. (I) 266 6,783
BioTime, Inc. (I)(L) 939 6,996
Celera Corp. (I) 4,974 40,339
Cell Therapeutics, Inc. (I)(L) 46,836 17,423
Cepheid, Inc. (I)(L) 3,654 102,385
China Biologic Products, Inc. (I)(L) 569 9,081
Clinical Data, Inc. (I) 767 23,240
Codexis, Inc. (I) 1,140 13,520
Cubist Pharmaceuticals, Inc. (I) 3,595 90,738
Dyax Corp. (I) 5,663 9,117
Emergent Biosolutions, Inc. (I) 629 15,197
Enzon Pharmaceuticals, Inc. (I) 2,895 31,556
Exelixis, Inc. (I) 6,606 74,648
Genomic Health, Inc. (I) 872 21,451
Geron Corp. (I) 4,727 23,871
Halozyme Therapeutics, Inc. (I) 4,870 32,678
Idenix Pharmaceuticals, Inc. (I) 2,206 7,324
Immunogen, Inc. (I)(L) 2,678 24,289
Incyte Corp. (I)(L) 7,462 118,273
InterMune, Inc. (I) 3,056 144,213
Ironwood Pharmaceuticals, Inc. (I) 2,822 39,508
Isis Pharmaceuticals, Inc. (I)(L) 5,714 51,655
Lexicon Pharmaceuticals, Inc. (I) 6,646 11,165
Ligand Pharmaceuticals, Inc., Class B (I) 1,069 10,690
Mannkind Corp. (I)(L) 4,915 17,940
Medivation, Inc. (I) 1,988 37,056
Metabolix, Inc. (I) 1,005 10,563
Micromet, Inc. (I)(L) 4,409 24,734
Momenta Pharmaceuticals, Inc. (I) 2,545 40,338
Myriad Genetics, Inc. (I) 20,490 412,874
Nabi Biopharmaceuticals (I) 1,928 11,202
NPS Pharmaceuticals, Inc. (I) 4,056 38,816
Onyx Pharmaceuticals, Inc. (I) 23,953 842,667
Opko Health, Inc. (I)(L) 6,193 23,100
Orexigen Therapeutics, Inc. (I)(L) 1,405 3,948
Osiris Therapeutics, Inc. (I) 992 7,202
PDL BioPharma, Inc. 4,233 24,551
Pharmasset, Inc. (I) 1,439 113,264
Progenics Pharmaceuticals, Inc. (I)(L) 2,002 12,372
PROLOR Biotech, Inc. (I) 2,106 12,531
Protalix BioTherapeutics, Inc. (I) 2,706 16,452
Regeneron Pharmaceuticals, Inc. (I) 3,885 174,592
Rigel Pharmaceuticals, Inc. (I) 2,051 14,583
Sangamo Biosciences, Inc. (I)(L) 2,466 20,542
Savient Pharmaceuticals, Inc. (I) 2,128 22,557
Seattle Genetics, Inc. (I)(L) 5,737 89,325
SIGA Technologies, Inc. (I)(L) 2,324 28,120
SuperGen, Inc. (I) 106,570 330,367
Talecris Biotherapeutics Holdings Corp. (I) 3,799 101,813
Targacept, Inc. (I) 1,390 36,960
Theravance, Inc. (I)(L) 3,719 90,074

 

342

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
United Therapeutics Corp. (I) 48,528 $ $ 3,252,347
 
    7,197,381
Health Care Equipment & Supplies - 6.16%    
Abaxis, Inc. (I)(L) 7,943 229,076
ABIOMED, Inc. (I) 1,949 28,319
Accuray, Inc. (I) 3,038 27,433
Align Technology, Inc. (I) 3,470 71,066
Alimera Sciences, Inc. (I) 471 3,674
American Medical    
Systems Holdings, Inc. (I)(L) 4,635 100,301
AngioDynamics, Inc. (I) 25,161 380,434
ArthroCare Corp. (I) 23,945 798,326
Atrion Corp. 1,793 312,825
Cantel Medical Corp. 878 22,609
Conceptus, Inc. (I) 1,787 25,822
CONMED Corp. (I) 90,040 2,366,251
CryoLife, Inc. (I) 1,620 9,882
Cyberonics, Inc. (I) 1,698 54,013
DexCom, Inc. (I) 3,732 57,921
Exactech, Inc. (I) 508 8,915
Greatbatch, Inc. (I) 493 13,045
Haemonetics Corp. (I) 1,500 98,310
HeartWare International, Inc. (I) 589 50,377
Hill-Rom Holdings, Inc. 1,337 50,779
ICU Medical, Inc. (I) 14,301 626,098
Immucor, Inc. (I) 4,244 83,946
Insulet Corp. (I) 2,579 53,179
Integra LifeSciences Holdings Corp. (I) 16,083 762,656
Invacare Corp. (L) 21,630 673,126
IRIS International, Inc. (I) 1,099 9,913
Kensey Nash Corp. (I) 162 4,035
MAKO Surgical Corp. (I) 1,556 37,655
Masimo Corp. (L) 3,214 106,383
MELA Sciences, Inc. (I) 1,451 5,108
Meridian Bioscience, Inc. 861 20,655
Merit Medical Systems, Inc. (I) 1,631 32,000
Natus Medical, Inc. (I) 25,999 436,783
Neogen Corp. (I) 1,304 53,960
NuVasive, Inc. (I)(L) 2,390 60,515
NxStage Medical, Inc. (I) 1,744 38,333
OraSure Technologies, Inc. (I) 1,727 13,574
Orthofix International NV (I) 1,074 34,862
Orthovita, Inc. (I) 4,194 8,933
Palomar Medical Technologies, Inc. (I) 533 7,915
Quidel Corp. (I) 1,774 21,217
RTI Biologics, Inc. (I) 1,166 3,335
Sirona Dental Systems, Inc. (I) 18,514 928,662
SonoSite, Inc. (I) 817 27,222
St. Jude Medical, Inc. 46,770 2,397,430
Stereotaxis, Inc. (I) 2,803 10,848
SurModics, Inc. (I) 948 11,850
Symmetry Medical, Inc. (I) 2,176 21,325
Synovis Life Technologies, Inc. (I) 26,235 503,187
The Cooper Companies, Inc. 57,530 3,995,459
Thoratec Corp. (I) 3,367 87,306
TomoTherapy, Inc. (I) 2,709 12,380
Unilife Corp. (I) 3,194 18,110
Volcano Corp. (I) 2,788 71,373
West Pharmaceutical Services, Inc. 2,018 90,346
Wright Medical Group, Inc. (I) 2,374 40,382
Zoll Medical Corp. (I) 1,302 58,343
 
    16,077,782

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services - 1.69%    
Accretive Health, Inc. (I)(L) 1,378 $ 38,253
Air Methods Corp. (I) 684 45,999
Alliance HealthCare Services, Inc. (I) 1,757 7,766
Almost Family, Inc. (I) 504 18,971
Amedisys, Inc. (I) 616 21,560
AMERIGROUP Corp. (I) 1,503 96,568
AMN Healthcare Services, Inc. (I) 662 5,733
Bio-Reference Labs, Inc. (I) 21,005 471,352
Brookdale Senior Living, Inc. (I) 6,211 173,908
Catalyst Health Solutions, Inc. (I) 2,314 129,422
Centene Corp. (I) 1,095 36,113
Chemed Corp. 1,379 91,855
Corvel Corp. (I) 425 22,602
Emergency Medical    
Services Corp., Class A (I) 916 58,248
Emeritus Corp. (I) 1,113 28,337
Hanger Orthopedic Group, Inc. (I) 1,770 46,073
Healthsouth Corp. (I) 5,663 141,462
Healthspring, Inc. (I) 15,807 590,708
HMS Holdings Corp. (I) 1,671 136,771
IPC The Hospitalist Company, Inc. (I) 984 44,683
Landauer, Inc. 199 12,242
LHC Group, Inc. (I) 17,410 522,300
Molina Healthcare, Inc. (I) 916 36,640
MWI Veterinary Supply, Inc. (I) 717 57,848
PSS World Medical, Inc. (I) 3,350 90,953
RehabCare Group, Inc. (I) 528 19,467
Sunrise Senior Living, Inc. (I) 1,074 12,813
Team Health Holdings, Inc. (I) 975 17,043
Tenet Healthcare Corp. (I) 29,429 219,246
The Ensign Group, Inc. 15,745 502,738
US Physical Therapy, Inc. 22,707 507,274
VCA Antech, Inc. (I)(L) 4,962 124,943
WellCare Health Plans, Inc. (I) 1,676 70,308
 
    4,400,199
Health Care Technology - 0.42%    
Allscripts-Misys Healthcare Solutions, Inc. (I) 10,776 226,188
athenahealth, Inc. (I)(L) 1,973 89,041
Emdeon, Inc., Class A (I) 1,925 31,012
HealthStream, Inc. (I) 3,467 26,835
MedAssets, Inc. (I) 2,640 40,313
Medidata Solutions, Inc. (I) 5,013 128,182
Merge Healthcare, Inc. (I) 86,024 419,797
Omnicell, Inc. (I) 2,000 30,480
Quality Systems, Inc. 1,229 102,425
Vital Images, Inc. (I) 807 10,903
 
    1,105,176
Life Sciences Tools & Services - 1.68%    
Albany Molecular Research, Inc. (I) 834 3,553
Bruker Corp. (I) 40,126 836,627
Dionex Corp. (I) 1,057 124,779
Enzo Biochem, Inc. (I) 2,123 8,895
eResearch Technology, Inc. (I) 68,133 461,260
ICON PLC, SADR (I) 20,981 452,980
Illumina, Inc. (I)(L) 24,220 1,697,095
Luminex Corp. (I) 2,308 43,298
Parexel International Corp. (I) 28,498 709,600
Sequenom, Inc. (I) 5,476 34,663
 
    4,372,750
Pharmaceuticals - 2.37%    
Akorn, Inc. (I) 88,824 512,514
Auxilium Pharmaceuticals, Inc. (I) 2,892 62,091
Cadence Pharmaceuticals, Inc. (I)(L) 2,254 20,759

 

343

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Caraco Pharmaceutical Laboratories, Ltd. (I) 601 $ 3,125
Cardiome Pharma Corp. (I) 54,250 232,190
Durect Corp. (I) 4,740 17,064
Impax Laboratories, Inc. (I) 34,839 886,653
Inspire Pharmaceuticals, Inc. (I) 3,766 14,913
Jazz Pharmaceuticals, Inc. (I) 24,140 768,859
MAP Pharmaceuticals, Inc. (I) 1,187 16,369
Medicis Pharmaceutical Corp., Class A 3,675 117,747
Nektar Therapeutics (I) 42,104 398,725
Obagi Medical Products, Inc. (I) 1,119 14,144
Pain Therapeutics, Inc. (I) 2,197 21,003
Par Pharmaceutical Companies, Inc. (I) 2,157 67,040
POZEN, Inc. (I)(L) 1,448 7,776
Questcor Pharmaceuticals, Inc. (I)(L) 3,581 51,602
Salix Pharmaceuticals, Ltd. (I) 19,712 690,511
Sucampo Pharmaceuticals, Inc. (I) 473 1,987
The Medicines Company (I) 3,236 52,714
Viropharma, Inc. (I) 4,728 94,087
Vivus, Inc. (I)(L) 4,922 30,467
Watson Pharmaceuticals, Inc. (I) 37,300 2,089,173
XenoPort, Inc. (I) 1,884 11,172
 
    6,182,685
    39,335,973
Industrials - 24.18%    
Aerospace & Defense - 3.34%    
AAR Corp. (L) 1,547 42,883
Aerovironment, Inc. (I) 923 32,277
American Science & Engineering, Inc. 547 50,521
BE Aerospace, Inc. (I) 90,540 3,216,886
Ceradyne, Inc. (I) 8,130 366,500
Cubic Corp. 971 55,833
DigitalGlobe, Inc. (I) 22,201 622,294
Esterline Technologies Corp. (I) 8,665 612,789
GenCorp, Inc. (I) 3,035 18,149
GeoEye, Inc. (I) 1,338 55,634
HEICO Corp. (L) 517 32,323
HEICO Corp., Class A 1,078 48,488
Hexcel Corp. (I) 32,875 647,309
Ladish Company, Inc. (I) 452 24,702
Moog, Inc., Class A (I) 2,376 109,082
National Presto Industries, Inc. 291 32,790
Orbital Sciences Corp., Class A (I)(L) 128,095 2,423,557
Taser International, Inc. (I)(L) 3,608 14,685
Teledyne Technologies, Inc. (I) 1,097 56,726
TransDigm Group, Inc. (I) 2,847 238,664
 
    8,702,092
Air Freight & Logistics - 2.58%    
Atlas Air Worldwide Holdings, Inc. (I) 11,950 833,154
Forward Air Corp. 1,756 53,786
HUB Group, Inc., Class A (I) 98,559 3,566,850
Pacer International, Inc. (I) 2,114 11,120
UTi Worldwide, Inc. 112,370 2,274,369
 
    6,739,279
Airlines - 0.73%    
Allegiant Travel Company 806 35,311
AMR Corp. (I)(L) 10,098 65,233
Hawaiian Holdings, Inc. (I) 1,962 11,792
United Continental Holdings, Inc. (I)(L) 73,900 1,698,961
US Airways Group, Inc. (I)(L) 9,790 85,271
 
    1,896,568

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Building Products - 0.31%    
A.O. Smith Corp. 15,985 $ 708,775
AAON, Inc. (L) 751 24,708
Simpson Manufacturing Company, Inc. 838 24,687
Trex Company, Inc. (I) 795 25,933
USG Corp. (I)(L) 2,182 36,352
 
    820,455
Commercial Services & Supplies - 1.71%    
APAC Customer Services, Inc. (I) 48,814 293,372
Cenveo, Inc. (I) 3,418 22,320
Clean Harbors, Inc. (I) 1,434 141,478
Consolidated Graphics, Inc. (I) 12,180 665,393
Corrections Corp. of America (I) 6,683 163,065
EnerNOC, Inc. (I)(L) 1,058 20,218
Fuel Tech, Inc. (I) 1,025 9,123
Healthcare Services Group, Inc. 3,784 66,523
Herman Miller, Inc. 3,288 90,387
Higher One Holdings, Inc. (I) 1,693 24,464
IESI-BFC, Ltd. 26,004 659,721
Innerworkings, Inc. (I) 1,663 12,273
Interface, Inc., Class A 2,938 54,324
KAR Auction Services, Inc. (I) 1,641 25,173
Knoll, Inc. (L) 2,846 59,652
M&F Worldwide Corp. (I) 246 6,180
Mobile Mini, Inc. (I)(L) 2,209 53,060
Rollins, Inc. 4,014 81,484
Schawk, Inc., Class A 9,681 188,199
Standard Parking Corp. (I) 857 15,220
Steelcase, Inc., Class A 56,960 648,205
Sykes Enterprises, Inc. (I) 33,112 654,624
Team, Inc. (I) 546 14,338
Tetra Tech, Inc. (I) 3,743 92,415
The Geo Group, Inc. (I) 3,907 100,175
United Stationers, Inc. 1,403 99,683
Viad Corp. 612 14,651
Waste Connections, Inc. 6,676 192,202
 
    4,467,922
Construction & Engineering - 3.18%    
Chicago Bridge & Iron Company NV (L) 107,800 4,383,148
EMCOR Group, Inc. (I) 4,029 124,778
Furmanite Corp. (I) 2,116 16,928
Great Lakes Dredge & Dock Corp. (L) 3,381 25,797
Insituform Technologies, Inc., Class A (I) 2,375 63,531
MasTec, Inc. (I) 161,510 3,359,408
Michael Baker Corp. (I) 502 14,593
MYR Group, Inc. (I) 12,250 293,020
Orion Marine Group, Inc. (I) 1,629 17,495
Pike Electric Corp. (I) 1,116 10,624
 
    8,309,322
Electrical Equipment - 3.31%    
A123 Systems, Inc. (I)(L) 4,137 26,270
Acuity Brands, Inc. 2,610 152,659
Advanced Battery Technologies, Inc. (I)(L) 3,760 7,294
American Superconductor Corp. (I)(L) 2,917 72,546
AZZ, Inc. 376 17,146
Belden, Inc. 82,900 3,112,895
Broadwind Energy, Inc. (I) 3,240 4,244
Capstone Turbine Corp. (I) 14,949 27,058
Cooper Industries PLC 25,400 1,648,460
Ener1, Inc. (I) 4,931 14,596
EnerSys (I) 18,697 743,206
Franklin Electric Company, Inc. 1,195 55,209
Fushi Copperweld, Inc. (I) 28,826 231,185
General Cable Corp. (I)(L) 12,272 531,378

 

344

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electrical Equipment (continued)    
GrafTech International, Ltd. (I) 23,798 $ 490,953
Harbin Electric, Inc. (I)(L) 27,979 578,886
II-VI, Inc. (I) 9,163 455,859
Lihua International, Inc. (I)(L) 339 2,976
Polypore International, Inc. (I) 1,753 100,938
Powell Industries, Inc. (I) 494 19,483
Thomas & Betts Corp. (I) 3,141 186,795
Valence Technology, Inc. (I)(L) 4,377 6,828
Vicor Corp. 1,268 20,909
Woodward, Inc. 3,551 122,723
 
    8,630,496
Industrial Conglomerates - 1.09%    
Carlisle Companies, Inc. 60,340 2,688,147
Raven Industries, Inc. 982 60,314
Seaboard Corp. 22 53,086
Standex International Corp. 762 28,872
Tredegar Industries, Inc. 506 10,919
 
    2,841,338
Machinery - 4.50%    
3D Systems Corp. (I) 1,128 54,764
Actuant Corp., Class A 25,992 753,768
American Railcar Industries, Inc. (I) 377 9,410
Astec Industries, Inc. (I) 1,164 43,406
Badger Meter, Inc. 863 35,564
Barnes Group, Inc. 1,832 38,252
Blount International, Inc. (I) 2,478 39,598
Briggs & Stratton Corp. (L) 18,400 416,760
China Fire & Security Group, Inc. (I) 501 3,091
China Valves Technology, Inc. (I) 441 2,046
CLARCOR, Inc. 1,985 89,186
Colfax Corp. (I) 1,444 33,140
Columbus McKinnon Corp. (I) 25,135 463,992
Dynamic Materials Corp. 799 22,332
Energy Recovery, Inc. (I) 1,910 6,074
EnPro Industries, Inc. (I)(L) 18,041 655,249
ESCO Technologies, Inc. 1,609 61,383
Force Protection, Inc. (I) 4,259 20,869
Gardner Denver, Inc. 3,181 248,213
Graco, Inc. 1,815 82,564
Greenbrier Companies, Inc. (I) 716 20,320
IDEX Corp. 4,964 216,679
John Bean Technologies Corp. 1,711 32,903
Kadant, Inc. (I) 738 19,328
Kennametal, Inc. 12,106 472,134
L.B. Foster Company 6,530 281,508
Lindsay Corp. 756 59,739
Meritor, Inc. (I) 121,300 2,058,461
Middleby Corp. (I) 1,065 99,279
Mueller Industries, Inc. 1,143 41,857
NACCO Industries, Inc., Class A 1,162 128,599
Navistar International Corp. (I) 30,060 2,084,060
Nordson Corp. 1,850 212,861
Oshkosh Corp. (I) 5,499 194,555
RBC Bearings, Inc. (I)(L) 1,331 50,884
Robbins & Myers, Inc. 2,452 112,767
Sauer-Danfoss, Inc. (I) 366 18,640
SmartHeat, Inc. (I) 745 2,108
Sun Hydraulics, Inc. 770 33,187
Tennant Company 1,035 43,511
The Gorman-Rupp Company 916 36,081
The Manitowoc Company, Inc. (L) 3,981 87,104
The Toro Company 1,898 125,686
Titan International, Inc. 2,033 54,098

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
TriMas Corp. (I) 16,780 $ 360,770
Valmont Industries, Inc. 1,275 133,072
Wabash National Corp. (I) 53,242 616,542
WABCO Holdings, Inc. (I) 1,959 120,753
Wabtec Corp. 2,906 197,114
Westport Innovations, Inc. (I) 34,034 748,067
 
    11,742,328
Marine - 0.07%    
Kirby Corp. (I) 3,082 176,568
TBS International PLC, Class A (I) 521 1,016
 
    177,584
Professional Services - 1.37%    
Acacia Research - Acacia Technologies (I) 2,007 68,680
CBIZ, Inc. (I) 684 4,932
CoStar Group, Inc. (I)(L) 1,191 74,652
Exponent, Inc. (I) 840 37,472
FTI Consulting, Inc. (I)(L) 7,773 297,939
Hill International, Inc. (I) 981 5,189
Huron Consulting Group, Inc. (I) 17,495 484,437
ICF International, Inc. (I) 1,062 21,813
Insperity, Inc. 1,418 43,079
Kforce, Inc. (I) 30,442 557,089
Korn/Ferry International (I) 22,106 492,301
Mistras Group, Inc. (I) 727 12,512
Navigant Consulting Company (I) 3,033 30,300
Resources Connection, Inc. 2,791 54,117
SFN Group, Inc. (I) 3,207 45,187
The Advisory Board Company (I) 955 49,183
The Corporate Executive Board Company 2,079 83,929
The Dolan Company (I) 36,226 439,784
TrueBlue, Inc. (I) 31,071 521,682
VSE Corp. 8,026 238,452
 
    3,562,729
Road & Rail - 1.11%    
Avis Budget Group, Inc. (I) 6,234 111,651
Celadon Group, Inc. (I) 30,452 494,540
Dollar Thrifty Automotive Group, Inc. (I) 1,016 67,798
Genesee & Wyoming, Inc., Class A (I) 2,365 137,643
Heartland Express, Inc. (L) 3,294 57,843
Knight Transportation, Inc. 3,804 73,227
Landstar System, Inc. 2,977 135,989
Marten Transport, Ltd. 18,175 405,303
Old Dominion Freight Line, Inc. (I) 23,628 829,107
Patriot Transportation Holding, Inc. (I) 117 3,130
RailAmerica, Inc. (I) 971 16,546
Saia, Inc. (I) 961 15,751
Universal Truckload Services, Inc. (I) 135 2,329
Werner Enterprises, Inc. (L) 20,850 551,900
YRC Worldwide, Inc. (I)(L) 2,883 5,074
 
    2,907,831
Trading Companies & Distributors - 0.88%    
Applied Industrial Technologies, Inc. 22,627 752,574
Beacon Roofing Supply, Inc. (I) 2,769 56,681
DXP Enterprises, Inc. (I) 11,550 266,574
H&E Equipment Services, Inc. (I) 1,696 33,089
Houston Wire & Cable Company 664 9,708
Kaman Corp., Class A 550 19,360
RSC Holdings, Inc. (I)(L) 3,137 45,110
Rush Enterprises, Inc., Class A (I)(L) 20,829 412,414
TAL International Group, Inc. 15,541 563,672
Titan Machinery, Inc. (I) 525 13,256

 

345

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Trading Companies & Distributors (continued)    
United Rentals, Inc. (I)(L) 3,669 $ 122,104
    2,294,542
    63,092,486
Information Technology - 25.87%    
Communications Equipment - 2.25%    
Acme Packet, Inc. (I) 1,925 136,598
ADTRAN, Inc. (L) 3,442 146,147
Anaren, Inc. (I) 430 8,643
Aruba Networks, Inc. (I)(L) 25,283 855,577
BigBand Networks, Inc. (I) 2,720 6,936
Blue Coat Systems, Inc. (I) 29,191 822,019
Calix, Inc. (I) 1,017 20,655
Ciena Corp. (I)(L) 5,672 147,245
Comtech Telecommunications Corp. 1,676 45,554
DG Fastchannel, Inc. (I) 1,541 49,651
Digi International, Inc. (I) 1,446 15,270
EMS Technologies, Inc. (I) 463 9,100
Extreme Networks, Inc. (I) 1,835 6,423
Finisar Corp. (I) 23,013 566,120
Harmonic, Inc. (I) 6,785 63,643
Infinera Corp. (I) 5,522 46,330
InterDigital, Inc. 2,687 128,197
Ixia (I) 2,218 35,222
JDS Uniphase Corp. (I) 13,497 281,277
Meru Networks, Inc. (I) 486 9,871
NETGEAR, Inc. (I) 1,412 45,805
Oclaro, Inc. (I) 3,020 34,760
Oplink Communications, Inc. (I) 1,171 22,823
Plantronics, Inc. 16,996 622,394
Polycom, Inc. (I) 5,177 268,427
Powerwave Technologies, Inc. (I) 8,069 36,391
RADWARE, Ltd., ADR (I) 10,290 364,678
Seachange International, Inc. (I) 1,715 16,293
ShoreTel, Inc. (I) 1,392 11,456
Sonus Networks, Inc. (I) 12,567 47,252
Sycamore Networks, Inc. 1,210 29,560
Viasat, Inc. (I) 24,154 962,295
 
    5,862,612
Computers & Peripherals - 0.76%    
Avid Technology, Inc. (I) 18,417 410,699
Cray, Inc. (I) 1,961 12,648
Electronics for Imaging, Inc. (I) 28,080 413,057
Intermec, Inc. (I) 2,915 31,453
Novatel Wireless, Inc. (I) 89,930 491,018
Ocz Technology Group, Inc. (I)(L) 36,490 293,380
QLogic Corp. (I) 6,403 118,776
Quantum Corp. (I) 12,726 32,070
STEC, Inc. (I)(L) 2,005 40,280
Stratasys, Inc. (I) 1,189 55,883
Super Micro Computer, Inc. (I) 1,590 25,504
Synaptics, Inc. (I) 2,068 55,877
 
    1,980,645
Electronic Equipment, Instruments & Components - 3.00%  
Anixter International, Inc. (L) 1,749 122,238
Brightpoint, Inc. (I) 128,200 1,389,688
Checkpoint Systems, Inc. (I) 2,403 54,019
China Security &    
Surveillance Technology, Inc. (I)(L) 1,520 7,038
Cognex Corp. 1,152 32,544
Comverge, Inc. (I) 1,458 6,794
Daktronics, Inc. (L) 2,126 22,855
DTS, Inc. (I) 1,037 48,355

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
Echelon Corp. (I) 1,902 $ 19,267
Electro Scientific Industries, Inc. (I) 592 10,277
Fabrinet (I) 613 12,358
FARO Technologies, Inc. (I) 929 37,160
Insight Enterprises, Inc. (I) 134,166 2,284,847
IPG Photonics Corp. (I) 1,559 89,923
Itron, Inc. (I) 2,449 138,222
KEMET Corp. (I) 21,826 323,680
L-1 Identity Solutions, Inc. (I) 5,105 60,137
Littelfuse, Inc. 4,670 266,657
Maxwell Technologies, Inc. (I)(L) 16,000 276,320
Mercury Computer Systems, Inc. (I) 1,702 36,014
Multi-Fineline Electronix, Inc. (I) 579 16,339
National Instruments Corp. 3,555 116,497
Newport Corp. (I) 20,980 374,073
OSI Systems, Inc. (I) 11,924 447,508
Plexus Corp. (I) 2,454 86,037
Power-One, Inc. (I)(L) 73,430 642,513
Pulse Electronics Corp. 2,385 14,429
Rofin-Sinar Technologies, Inc. (I) 18,008 711,316
Rogers Corp. (I) 335 15,095
Scansource, Inc. (I) 1,617 61,430
Universal Display Corp. (I) 1,985 109,254
 
    7,832,884
Internet Software & Services - 5.65%    
Ancestry.com, Inc. (I) 1,524 54,026
comScore, Inc. (I) 1,333 39,337
Constant Contact, Inc. (I)(L) 45,276 1,580,132
DealerTrack Holdings, Inc. (I) 2,338 53,680
Dice Holdings, Inc. (I) 2,200 33,242
Digital River, Inc. (I) 2,406 90,057
Equinix, Inc. (I) 38,192 3,479,291
GSI Commerce, Inc. (I)(L) 3,627 106,162
Internap Network Services Corp. (I) 2,833 18,613
j2 Global Communications, Inc. (I) 2,764 81,566
Keynote Systems, Inc. 20,110 373,041
Limelight Networks, Inc. (I) 3,004 21,509
Liquidity Services, Inc. (I) 893 15,949
LivePerson, Inc. (I) 44,378 560,938
LogMeIn, Inc. (I) 861 36,300
LoopNet, Inc. (I) 1,657 23,447
MercadoLibre, Inc. 1,603 130,853
Monster Worldwide, Inc. (I)(L) 7,488 119,059
Move, Inc. (I) 4,794 11,458
NIC, Inc. 44,005 548,302
Open Text Corp. (I)(L) 10,520 655,606
OpenTable, Inc. (I) 837 89,015
Perficient, Inc. (I) 856 10,281
Quinstreet, Inc. (I) 1,513 34,390
Rackspace Hosting, Inc. (I) 5,734 245,702
RealNetworks, Inc. (I) 3,467 12,897
RightNow Technologies, Inc. (I) 1,470 46,011
SAVVIS, Inc. (I) 18,379 681,677
Sohu.com, Inc. (I)(L) 1,840 164,422
Stamps.com, Inc. 648 8,651
Terremark Worldwide, Inc. (I) 2,610 49,590
The Knot, Inc. (I) 1,771 21,341
Travelzoo, Inc. (I)(L) 12,601 839,101
ValueClick, Inc. (I) 48,945 707,745
VistaPrint NV (I)(L) 59,650 3,095,835
Vocus, Inc. (I) 1,123 29,041
WebMD Health Corp. (I) 3,364 179,705

 

346

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet Software & Services (continued)    
Zix Corp. (I) 137,220 $ 504,970
    14,752,942
IT Services - 3.82%    
Acxiom Corp. (I) 4,618 66,268
Alliance Data Systems Corp. (I)(L) 40,060 3,440,753
Cardtronics, Inc. (I) 2,048 41,677
Cass Information Systems, Inc. 455 17,877
China Information Technology, Inc. (I)(L) 1,896 5,119
CSG Systems International, Inc. (I) 29,491 588,051
Echo Global Logistics, Inc. (I) 667 8,758
Euronet Worldwide, Inc. (I) 2,772 53,583
ExlService Holdings, Inc. (I) 889 18,802
Forrester Research, Inc. 956 36,605
Gartner, Inc. (I)(L) 5,237 218,226
Global Cash Access Holdings, Inc. (I) 3,145 10,284
Heartland Payment Systems, Inc. 2,317 40,617
iGate Corp. 1,862 34,950
Integral Systems, Inc. (I) 1,064 12,949
Jack Henry & Associates, Inc. 4,931 167,112
ManTech International Corp., Class A (I) 1,400 59,360
MAXIMUS, Inc. 1,043 84,660
NCI, Inc. (I) 456 11,113
NeuStar, Inc., Class A (I) 4,472 114,394
Sapient Corp. (I) 6,618 75,776
SRA International, Inc., Class A (I) 2,683 76,090
Syntel, Inc. 1,011 52,805
TeleTech Holdings, Inc. (I) 34,441 667,467
TNS, Inc. (I) 1,029 16,022
Unisys Corp. (I) 2,584 80,672
VeriFone Systems, Inc. (I)(L) 58,709 3,226,060
Virtusa Corp. (I) 878 16,445
Wright Express Corp. (I) 14,057 728,715
 
    9,971,210
Office Electronics - 0.05%    
Zebra Technologies Corp., Class A (I) 3,425 134,397
Semiconductors & Semiconductor Equipment - 5.20%  
Advanced Analogic Technologies, Inc. (I) 2,429 9,182
Amkor Technology, Inc. (I) 6,682 45,037
Amtech Systems, Inc. (I) 9,275 234,101
Anadigics, Inc. (I) 4,013 17,978
Applied Micro Circuits Corp. (I) 3,909 40,575
Atheros Communications, Inc. (I) 4,340 193,781
ATMI, Inc. (I) 1,239 23,392
Cabot Microelectronics Corp. (I) 1,390 72,628
Cavium Networks, Inc. (I) 2,188 98,307
CEVA, Inc. (I) 1,334 35,658
Cirrus Logic, Inc. (I)(L) 3,981 83,720
Conexant Systems, Inc. (I) 4,971 11,831
Cymer, Inc. (I) 36,874 2,086,331
Cypress Semiconductor Corp. (I) 4,775 92,540
Diodes, Inc. (I) 2,152 73,297
Energy Conversion Devices, Inc. (I) 1,510 3,413
Entegris, Inc. (I) 67,740 594,080
Entropic Communications, Inc. (I)(L) 4,585 38,743
Exar Corp. (I) 795 4,786
EZchip Semiconductor, Ltd. (I) 20,836 617,683
FEI Company (I) 2,317 78,129
FormFactor, Inc. (I) 1,018 10,485
GT Solar International, Inc. (I)(L) 5,490 58,523
Hittite Microwave Corp. (I) 1,494 95,272
Integrated Device Technology, Inc. (I) 4,652 34,285
IXYS Corp. (I) 1,411 18,950
Kopin Corp. (I) 3,930 18,039

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Lattice Semiconductor Corp. (I) 90,051 $ 531,301
LTX-Credence Corp. (I) 43,976 401,501
Maxlinear, Inc., Class A (I) 653 5,335
Mellanox Technologies, Ltd. (I) 18,330 462,466
Micrel, Inc. 2,603 35,088
Microsemi Corp. (I) 5,064 104,875
MIPS Technologies, Inc. (I)(L) 53,660 562,893
Monolithic Power Systems, Inc. (I) 179,084 2,541,202
Netlogic Microsystems, Inc. (I) 2,265 95,175
NVE Corp. (I) 6,564 369,816
O2Micro International, Ltd., ADR (I) 35,977 273,425
OmniVision Technologies, Inc. (I)(L) 1,161 41,250
Pericom Semiconductor Corp. (I) 1,510 15,659
PMC-Sierra, Inc. (I) 26,480 198,600
Power Integrations, Inc. 1,694 64,931
Rambus, Inc. (I) 3,386 67,043
RF Micro Devices, Inc. (I) 180,908 1,159,620
Rubicon Technology, Inc. (I)(L) 1,111 30,752
Semtech Corp. (I) 2,457 61,474
Sigma Designs, Inc. (I) 565 7,317
Silicon Image, Inc. (I) 28,513 255,762
Silicon Laboratories, Inc. (I) 2,518 108,803
Standard Microsystems Corp. (I) 1,372 33,834
SunPower Corp., Class A (I)(L) 2,204 37,777
SunPower Corp., Class B (I) 1,654 27,572
Teradyne, Inc. (I)(L) 7,146 127,270
Tessera Technologies, Inc. (I) 3,059 55,857
TriQuint Semiconductor, Inc. (I) 9,642 124,478
Ultratech, Inc. (I) 1,406 41,336
Varian Semiconductor    
Equipment Associates, Inc. (I) 4,486 218,334
Veeco Instruments, Inc. (I) 2,419 122,982
Verigy, Ltd. (I) 3,642 51,316
Volterra Semiconductor Corp. (I) 24,877 617,696
Zoran Corp. (I) 1,066 11,076
 
    13,554,562
Software - 5.14%    
Accelrys, Inc. (I) 3,375 27,000
ACI Worldwide, Inc. (I) 8,242 270,338
Actuate Corp. (I) 2,586 13,447
Advent Software, Inc. (I) 2,030 58,200
Ariba, Inc. (I) 5,694 194,393
AsiaInfo Holdings, Inc. (I)(L) 3,177 68,782
Aspen Technology, Inc. (I) 3,482 52,195
Blackbaud, Inc. 2,660 72,458
Blackboard, Inc. (I)(L) 1,981 71,791
Bottomline Technologies, Inc. (I) 651 16,366
BroadSoft, Inc. (I) 1,306 62,283
Cadence Design Systems, Inc. (I) 16,195 157,901
China TransInfo Technology Corp. (I) 306 1,414
Clicksoftware Technologies, Ltd. 70,875 608,816
CommVault Systems, Inc. (I) 2,483 99,022
Compuware Corp. (I) 68,727 793,797
Concur Technologies, Inc. (I) 2,700 149,715
Deltek, Inc. (I) 1,040 7,904
DemandTec, Inc. (I) 1,847 24,307
Ebix, Inc. (I) 2,347 55,507
EPIQ Systems, Inc. 1,891 27,155
Fortinet, Inc. (I) 14,511 638,484
Informatica Corp. (I)(L) 5,689 297,136
Interactive Intelligence, Inc. (I) 17,457 675,760
Kenexa Corp. (I) 1,174 32,391
Manhattan Associates, Inc. (I) 1,328 43,452
MICROS Systems, Inc. (I) 4,884 241,416

 

347

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
MicroStrategy, Inc., Class A (I) 498 $ 66,971
Monotype Imaging Holdings, Inc. (I) 1,378 19,981
Net 1 UEPS Technologies, Inc. (I) 1,167 10,036
Netscout Systems, Inc. (I) 19,967 545,498
NetSuite, Inc. (I) 1,170 34,024
NICE Systems, Ltd., SADR (I) 20,593 760,705
Novell, Inc. (I) 7,461 44,244
Opnet Technologies, Inc. 8,661 337,692
Parametric Technology Corp. (I) 7,144 160,669
Pegasystems, Inc. 1,011 38,357
Progress Software Corp. (I) 19,085 555,183
PROS Holdings, Inc. (I) 1,190 17,338
Quest Software, Inc. (I) 3,752 95,263
Radiant Systems, Inc. (I) 26,945 476,927
Renaissance Learning, Inc. 311 3,654
Rosetta Stone, Inc. (I) 696 9,194
Rovi Corp. (I) 51,908 2,784,864
S1 Corp. (I) 3,222 21,523
Smith Micro Software, Inc. (I) 34,102 319,195
SolarWinds, Inc. (I) 1,906 44,715
Solera Holdings, Inc. 4,258 217,584
Sourcefire, Inc. (I) 6,112 168,141
SS&C Technologies Holdings, Inc. (I) 1,597 32,611
SuccessFactors, Inc. (I) 2,993 116,996
Synchronoss Technologies, Inc. (I) 1,516 52,681
Taleo Corp. (I) 2,208 78,715
TeleCommunication Systems, Inc. (I) 2,862 11,791
TIBCO Software, Inc. (I) 31,711 864,125
TiVo, Inc. (I) 7,036 61,635
Tyler Technologies, Inc. (I) 1,661 39,382
Ultimate Software Group, Inc. (I)(L) 8,707 511,536
VASCO Data Security International, Inc. (I) 1,823 25,030
Verint Systems, Inc. (I) 1,115 39,962
Virnetx Holding Corp. 2,220 44,200
Websense, Inc. (I) 1,265 29,057
 
    13,400,909
    67,490,161
Materials - 2.95%    
Chemicals - 1.24%    
Balchem Corp. 1,729 64,872
Calgon Carbon Corp. (I)(L) 3,414 54,214
China Agritech, Inc. (I)(L) 566 3,894
Ferro Corp. (I) 5,224 86,666
Georgia Gulf Corp. (I) 719 26,603
Hawkins, Inc. 186 7,641
Innospec, Inc. (I) 1,441 46,026
Intrepid Potash, Inc. (I) 2,728 94,989
Kraton Performance Polymers, Inc. (I) 16,146 617,585
Kronos Worldwide, Inc. 12,896 753,771
Landec Corp. (I) 1,524 9,906
LSB Industries, Inc. (I) 1,021 40,472
NewMarket Corp. 736 116,450
PolyOne Corp. 3,685 52,364
Rockwood Holdings, Inc. (I) 2,538 124,920
Solutia, Inc. (I) 32,739 831,571
Spartech Corp. (I) 1,216 8,816
Stepan Company 243 17,618
STR Holdings, Inc. (I)(L) 1,506 28,885
TPC Group, Inc. (I) 366 10,566
W.R. Grace & Company (I) 4,429 169,586
Yongye International, Inc. (I)(L) 1,557 9,544
Zep, Inc. 1,319 22,964

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chemicals (continued)    
Zoltek Companies, Inc. (I) 1,770 $ 23,771
 
    3,223,694
Construction Materials - 0.00%    
United States Lime & Minerals, Inc. (I) 135 5,469
Containers & Packaging - 0.31%    
Boise, Inc. 2,335 21,389
Graham Packaging Company, Inc. (I) 1,144 19,940
Graphic Packaging Holding Company (I) 2,603 14,108
Rock-Tenn Company, Class A (L) 2,156 149,519
Silgan Holdings, Inc. 14,290 545,021
Temple-Inland, Inc. 2,173 50,848
 
    800,825
Metals & Mining - 1.12%    
AK Steel Holding Corp. 2,331 36,783
Allied Nevada Gold Corp. (I) 4,852 172,149
Capital Gold Corp. (I) 3,716 23,894
General Moly, Inc. (I)(L) 3,741 20,127
Globe Specialty Metals, Inc. 3,870 88,081
Golden Minerals Company (I) 732 16,075
Gulf Resources, Inc. (I) 1,258 7,787
Haynes International, Inc. 367 20,350
Hecla Mining Company (I) 15,540 141,103
Horsehead Holding Corp. (I) 2,628 44,807
Materion Corp. (I) 1,225 49,980
Metals USA Holdings Corp. (I) 784 12,834
Royal Gold, Inc. 1,543 80,853
RTI International Metals, Inc. (I) 20,019 623,592
Schnitzer Steel Industries, Inc. 1,376 89,454
Stillwater Mining Company (I) 38,121 874,115
Thompson Creek Metals Company, Inc. (I) 43,058 539,947
US Gold Corp. (I) 6,839 60,388
Worthington Industries, Inc. 1,257 26,296
 
    2,928,615
Paper & Forest Products - 0.28%    
Buckeye Technologies, Inc. 20,087 546,969
Clearwater Paper Corp. (I) 695 56,573
Deltic Timber Corp. 340 22,726
KapStone Paper and Packaging Corp. (I) 2,092 35,920
P.H. Glatfelter Company 971 12,934
Schweitzer-Mauduit International, Inc. 1,092 55,266
 
    730,388
 
    7,688,991
Telecommunication Services - 2.47%    
Diversified Telecommunication Services - 1.50%    
AboveNet, Inc. 915 59,347
Alaska Communications    
Systems Group, Inc. (L) 2,705 28,808
Atlantic Tele-Network, Inc. 8,352 310,611
Cbeyond, Inc. (I) 1,492 17,412
Cogent Communications Group, Inc. (I) 166,484 2,375,727
General Communication, Inc., Class A (I) 1,613 17,646
Global Crossing, Ltd. (I) 2,017 28,077
Hughes Communications, Inc. (I) 595 35,504
Iridium Communications, Inc. (I) 819 6,527
Level 3 Communications, Inc. (I) 65,764 96,673
Neutral Tandem, Inc. (I)(L) 47,058 694,106
PAETEC Holding Corp. (I) 7,893 26,363
Premiere Global Services, Inc. (I) 1,953 14,882
TW Telecom, Inc. (I) 8,716 167,347
Vonage Holdings Corp. (I) 7,090 32,330
 
    3,911,360

 

348

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Wireless Telecommunication Services - 0.97%    
ICO Global    
Communications Holdings, Ltd. (I) 9,693 $ 25,880
Leap Wireless International, Inc. (I) 3,794 58,769
NII Holdings, Inc. (I) 57,530 2,397,275
Shenandoah Telecommunications Company 1,365 24,652
USA Mobility, Inc. 1,340 19,417
 
    2,525,993
    6,437,353
Utilities - 0.26%    
Electric Utilities - 0.08%    
ITC Holdings Corp. 3,071 214,663
Independent Power Producers & Energy Traders - 0.04%    
Dynegy, Inc. (I) 2,180 12,404
GenOn Energy, Inc. (I) 16,247 61,901
Ormat Technologies, Inc. (L) 1,237 31,333
 
    105,638
Multi-Utilities - 0.14%    
Avista Corp. 15,470 357,821
 
    678,122
TOTAL COMMON STOCKS (Cost $197,387,228) $ 254,492,595
 
CORPORATE BONDS - 0.00%    
Financials - 0.00%    
GAMCO Investors, Inc.    
Zero Coupon 12/31/2015 $ 400 $ 262
TOTAL CORPORATE BONDS (Cost $311) $ 262
 
INVESTMENT COMPANIES - 0.18%    
Financials - 0.18%    
iShares Russell 2000 Growth Index Fund (L) 4,880 $ 465,259
TOTAL INVESTMENT COMPANIES (Cost $434,571) $ 465,259
 
SECURITIES LENDING COLLATERAL - 12.70%    
John Hancock Collateral    
Investment Trust, 0.2867% (W)(Y) 3,310,022 33,123,061
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $33,124,044) $ 33,123,061
 
SHORT-TERM INVESTMENTS - 1.71%    
Money Market Funds* - 0.18%    
State Street Institutional Liquid Reserves    
Fund, 0.1855% $ 465,476 $ 465,476
Repurchase Agreement - 1.53%    
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be    
repurchased at $4,011,001 on 04/01/2011,    
collateralized by $4,050,000 U.S. Treasury    
Notes, 1.000% due 04/30/2012 (valued at    
$4,095,212, including interest) 4,011,000 4,011,000
TOTAL SHORT-TERM INVESTMENTS (Cost $4,476,476) $ 4,476,476
Total Investments (Smaller Company Growth Trust)    
(Cost $235,422,630) - 112.14% $ 292,557,653
Other assets and liabilities, net - (12.14%)   (31,666,428)
TOTAL NET ASSETS - 100.00% $ 260,891,225

 

Strategic Income Opportunities Trust  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 0.12%      
United States - 0.12%      
Federal National Mortgage Association      
1.000%, 04/01/2041 to 04/04/2041 $ 2,080,000 $ 507,793
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $507,793)   $ 507,793
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 22.99%      
Argentina - 0.74%      
Provincia de Buenos Aires      
10.875%, 01/26/2021   575,000 535,099
11.750%, 10/05/2015 (S)   1,960,000 2,021,348
Provincia de Cordoba      
12.375%, 08/17/2017 (S)   635,000 655,638
 
      3,212,085
Australia - 0.69%      
New South Wales Treasury Corp.      
6.000%, 04/01/2016 AUD 2,105,000 2,213,885
New South Wales Treasury Corp.,      
Series 12      
6.000%, 05/01/2012   774,000 809,369
 
      3,023,254
Brazil - 0.43%      
Federative Republic of Brazil      
10.250%, 01/10/2028 BRL 3,100,000 1,889,260
Canada - 3.60%      
Canada Housing Trust      
2.750%, 06/15/2016 (S) CAD 1,040,000 1,059,609
4.600%, 09/15/2011 (S)   2,000,000 2,094,894
Government of Canada      
2.500%, 06/01/2015   2,200,000 2,266,216
3.000%, 12/01/2015   2,175,000 2,276,762
4.000%, 06/01/2016   2,100,000 2,296,939
Province of Ontario      
4.500%, 03/08/2015   925,000 1,014,867
6.250%, 06/16/2015 NZD 5,777,000 4,650,732
 
      15,660,019
Indonesia - 1.84%      
Republic of Indonesia      
9.500%, 06/15/2015 to 07/15/2031 IDR 42,820,000,000 5,250,366
10.000%, 07/15/2017   10,880,000,000 1,379,434
12.500%, 03/15/2013   7,635,000,000 969,139
14.250%, 06/15/2013   3,250,000,000 429,188
 
      8,028,127
Malaysia - 0.49%      
Government of Malaysia      
3.835%, 08/12/2015 MYR 6,350,000 2,118,664
Mexico - 0.48%      
Government of Mexico      
7.500%, 06/21/2012 MXN 24,107,200 2,088,021
New Zealand - 1.31%      
Government of New Zealand,      
Series 1217      
6.000%, 12/15/2017 NZD 7,160,000 5,715,420
Norway - 1.21%      
Government of Norway      
4.500%, 05/22/2019 NOK 9,087,000 1,730,328
5.000%, 05/15/2015   18,498,000 3,559,048
 
      5,289,376

 

349

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Philippines - 2.04%      
Republic of Philippines      
4.950%, 01/15/2021 PHP 33,000,000 $ 745,389
5.875%, 12/16/2020   127,403,440 2,725,421
8.125%, 12/16/2035   230,634,520 5,426,294
 
      8,897,104
Singapore - 1.86%      
Republic of Singapore      
1.375%, 10/01/2014 SGD 6,500,000 5,295,146
2.875%, 07/01/2015   1,250,000 1,068,466
3.250%, 09/01/2020   2,030,000 1,716,200
 
      8,079,812
South Korea - 2.56%      
Korea Development Bank      
2.440%, 05/25/2012   750,000 599,981
Republic of Korea, Series 1212      
4.250%, 12/10/2012 KRW 8,330,000,000 7,672,105
Republic of Korea, Series 1809      
5.750%, 09/10/2018   2,890,000,000 2,855,880
 
      11,127,966
Sweden - 1.89%      
Kingdom of Sweden      
3.750%, 08/12/2017 SEK 21,250,000 3,464,391
Kingdom of Sweden, Series 1047      
5.000%, 12/01/2020   17,300,000 3,107,033
Swedish Export Credit Company      
7.625%, 06/30/2014 NZD 1,975,000 1,641,379
 
      8,212,803
Ukraine - 0.09%      
Government of Ukraine      
7.950%, 02/23/2021 (S) $ 380,000 391,875
United Kingdom - 3.76%      
Government of United Kingdom      
3.750%, 09/07/2020 GBP 2,383,000 3,841,156
4.750%, 03/07/2020   7,185,000 12,533,536
 
      16,374,692
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $96,253,387)   $ 100,108,478
 
CORPORATE BONDS - 51.27%      
Consumer Discretionary - 8.39%      
Allison Transmission, Inc.      
11.000%, 11/01/2015 (S)   1,000,000 1,085,000
Allison Transmission, Inc., PIK      
11.250%, 11/01/2015 (S)   1,000,600 1,086,902
AMC Entertainment Holdings, Inc.      
9.750%, 12/01/2020 (S)   1,160,000 1,241,200
AMC Entertainment, Inc.      
8.750%, 06/01/2019   495,000 537,075
Ameristar Casinos, Inc.      
7.500%, 04/15/2021 (S)   320,000 320,000
Beazer Homes USA, Inc.      
9.125%, 05/15/2019 (S)   330,000 333,713
Canadian Satellite Radio Holdings, Inc.      
1.500%, 02/14/2016   194,314 194,314
CCH II LLC/CCH II Capital Corp.      
13.500%, 11/30/2016   1,515,720 1,815,075
CCO Holdings LLC/CCO      
Holdings Capital Corp.      
7.000%, 01/15/2019   415,000 425,375
7.000%, 01/15/2019 (S)   245,000 250,513

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Citadel Broadcasting Corp.      
7.750%, 12/15/2018 (S) $ 115,000 $ 124,631
Clear Channel Communications, Inc.      
9.000%, 03/01/2021 (S)   475,000 473,813
10.750%, 08/01/2016   1,685,000 1,604,963
Clear Channel Communications, Inc.,      
PIK      
11.000%, 08/01/2016   1,011,255 940,467
Diversey, Inc.      
8.250%, 11/15/2019   535,000 573,788
Empire Today LLC/Empire Today      
Finance Corp.      
11.375%, 02/01/2017 (S)   820,000 869,200
Exide Technologies      
8.625%, 02/01/2018 (S)   710,000 757,925
Fontainebleau Las Vegas Holdings LLC      
10.250%, 06/15/2015 (H)(S)   1,450,000 7,250
Giraffe Acquisition Corp.      
9.125%, 12/01/2018 (S)   455,000 441,350
Hillman Group, Inc.      
10.875%, 06/01/2018   130,000 144,300
10.875%, 06/01/2018 (S)   100,000 111,000
HRP Myrtle Beach Operations LLC      
- 04/01/2012 (H)(S)   1,855,000 0
Hyundai Capital America      
3.750%, 04/06/2016 (S)   315,000 309,919
Jacobs Entertainment, Inc.      
9.750%, 06/15/2014   1,640,000 1,656,400
Landry’s Restaurants, Inc.      
11.625%, 12/01/2015 (S)   215,000 231,663
11.625%, 12/01/2015   365,000 393,288
Lear Corp., Series B, Escrow Certificates      
8.750%, 12/01/2016   1,415,000 31,838
Little Traverse Bay Bands of Odawa      
Indians      
9.000%, 08/31/2020 (S)   520,000 468,000
Majestic Star Casino LLC      
9.500%, 10/15/2010 (H)   1,515,000 789,694
Mandalay Resort Group      
6.375%, 12/15/2011   555,000 561,938
Mashantucket Western Pequot Tribe,      
Series A      
8.500%, 11/15/2015 (H)(S)   3,075,000 307,500
MGM Resorts International      
6.750%, 09/01/2012   5,000 5,100
9.000%, 03/15/2020   70,000 76,738
Midwest Gaming      
Borrower LLC/Midwest Finance Corp.      
11.625%, 04/15/2016 (S)   170,000 175,525
Mohegan Tribal Gaming Authority      
7.125%, 08/15/2014   1,875,000 1,415,625
8.000%, 04/01/2012   655,000 584,588
MTR Gaming Group, Inc.      
12.625%, 07/15/2014   1,555,000 1,656,075
Nexstar Broadcasting, Inc.      
7.000%, 01/15/2014   264,000 257,730
Nexstar Broadcasting, Inc., PIK      
7.000%, 01/15/2014   805,996 783,831
Pokagon Gaming Authority      
10.375%, 06/15/2014 (S)   506,000 523,710
Radio One, Inc., PIK      
12.500%, 05/24/2016 (S)   331,581 348,989
Regal Cinemas Corp.      
8.625%, 07/15/2019   440,000 472,450

 

350

 


John Hancock Variable Insurance Trust (Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Regal Entertainment Group      
9.125%, 08/15/2018 $ 305,000 $ 326,350
Reynolds Group Issuer, Inc.      
8.500%, 05/15/2018 (S)   565,000 572,063
Seminole Indian Tribe of Florida      
7.750%, 10/01/2017 (S)   220,000 232,650
Shaw Communications, Inc.      
5.500%, 12/07/2020   555,000 571,349
Simmons Foods, Inc.      
10.500%, 11/01/2017 (S)   955,000 1,029,013
Sirius XM Radio, Inc.      
8.750%, 04/01/2015 (S)   1,590,000 1,788,750
Snoqualmie Entertainment Authority      
9.125%, 02/01/2015 (S)   1,115,000 1,109,425
Sonic Automotive, Inc.      
9.000%, 03/15/2018   70,000 74,375
Standard Pacific Corp.      
8.375%, 05/15/2018   65,000 67,519
SuperMedia, Inc., Escrow Certificates      
8.000%, 11/15/2016 (I)   2,685,000 0
Tenneco, Inc.      
6.875%, 12/15/2020   555,000 574,425
The Goodyear Tire & Rubber Company      
10.500%, 05/15/2016   490,000 548,800
Turning Stone Resort Casino Enterprises      
9.125%, 09/15/2014 (S)   1,765,000 1,817,950
Waterford Gaming LLC      
8.625%, 09/15/2014 (S)   2,769,893 1,294,925
XM Satellite Radio, Inc.      
13.000%, 08/01/2013 (S)   1,420,000 1,686,250
Yonkers Racing Corp.      
11.375%, 07/15/2016 (S)   415,000 461,688
Young Broadcasting, Inc.      
10.000%, 03/01/2011 (H)   1,105,000 0
 
      36,543,987
Consumer Staples - 3.27%      
Anheuser-Busch InBev Worldwide, Inc.      
9.750%, 11/17/2015 BRL 2,561,000 1,603,909
Arcor      
7.250%, 11/09/2017 (S) $ 270,000 284,850
B&G Foods, Inc.      
7.625%, 01/15/2018   180,000 193,950
Blue Merger Sub, Inc.      
7.625%, 02/15/2019 (S)   375,000 380,156
Corp. Pesquera Inca SAC      
9.000%, 02/10/2017 (S)   375,000 399,375
Cosan SA Industria e Comercio      
8.250%, 05/15/2011 (Q)(S)   2,890,000 2,890,000
Grupo Bimbo SAB de CV      
4.875%, 06/30/2020 (S)   230,000 230,238
JBS Finance II, Ltd.      
8.250%, 01/29/2018 (S)   1,180,000 1,212,450
Revlon Consumer Products Corp.      
9.750%, 11/15/2015   505,000 546,663
Viterra, Inc.      
8.500%, 07/07/2014 CAD 5,210,000 5,857,555
Yankee Candle Company, Inc.      
8.500%, 02/15/2015 $ 90,000 93,375
Yankee Candle Company, Inc., Series B      
9.750%, 02/15/2017   500,000 531,875
 
      14,224,396

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy - 3.78%      
Anadarko Petroleum Corp.      
6.375%, 09/15/2017 $ 260,000 $ 285,806
Atlas Pipeline Partners LP      
8.125%, 12/15/2015   360,000 374,625
Bumi Investment Pte, Ltd.      
10.750%, 10/06/2017 (S)   1,345,000 1,518,236
Calfrac Holdings LP      
7.500%, 12/01/2020 (S)   900,000 931,500
Drummond Company, Inc.      
7.375%, 02/15/2016   1,700,000 1,751,000
Energy Future Holdings Corp., PIK      
11.250%, 11/01/2017   6,903 5,712
Energy Partners, Ltd.      
8.250%, 02/15/2018 (S)   385,000 383,075
Gibson Energy ULC/GEP Midstream      
Finance Corp.      
10.000%, 01/15/2018   375,000 391,875
Harvest Operations Corp.      
6.875%, 10/01/2017 (S)   80,000 83,000
MarkWest Energy Partners LP/MarkWest      
Energy Finance Corp.      
6.500%, 08/15/2021   495,000 494,381
McMoRan Exploration Company      
11.875%, 11/15/2014   1,505,000 1,655,500
Offshore Group Investments, Ltd.      
11.500%, 08/01/2015   2,570,000 2,852,700
Overseas Shipholding Group, Inc.      
8.125%, 03/30/2018   200,000 196,500
Pan American Energy LLC      
7.875%, 05/07/2021 (S)   160,000 172,208
PHI, Inc.      
8.625%, 10/15/2018   1,725,000 1,804,781
RDS Ultra-Deepwater, Ltd.      
11.875%, 03/15/2017 (S)   1,090,000 1,193,550
Reliance Holdings USA, Inc.      
4.500%, 10/19/2020 (S)   250,000 235,170
Targa Resources Partners LP      
8.250%, 07/01/2016   845,000 889,363
Trinidad Drilling, Ltd.      
7.875%, 01/15/2019 (S)   435,000 458,925
Westmoreland Coal      
Company/Westmoreland Partners      
10.750%, 02/01/2018 (S)   790,000 779,138
 
      16,457,045
Financials - 18.04%      
American International Group, Inc.      
(8.175% to 05/15/2038, then 3 month      
LIBOR + 4.195%)      
05/15/2058   2,165,000 2,330,081
Ameriprise Financial, Inc. (7.518% to      
06/01/2016, then 3 month      
LIBOR + 2.905%)      
06/01/2066   130,000 136,500
Bank of Moscow via BOM Capital PL      
6.699%, 03/11/2015 (S)   340,000 359,958
CapitaMalls Asia Treasury, Ltd.      
3.950%, 08/24/2017 SGD 3,250,000 2,621,225
CCM Merger, Inc.      
8.000%, 08/01/2013 (S) $ 1,685,000 1,676,575
Chubb Corp. (6.375% until 04/15/2017,      
then 3 month LIBOR + 2.250%)      
03/29/2067   780,000 820,950
Citizens Republic Bancorp Inc      
5.750%, 02/01/2013   500,000 436,625

 

351

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
CNO Financial Group, Inc.      
9.000%, 01/15/2018 (S) $ 1,020,000 $ 1,081,200
Continental Trustees Cayman, Ltd.      
(7.375% to 10/07/2020, then 3 month      
LIBOR + 6.802%)      
10/07/2040 (S)   505,000 510,050
Corporacion Andina de Fomento      
3.750%, 01/15/2016   250,000 247,081
Council of Europe Development Bank      
5.250%, 05/27/2013 AUD 1,680,000 1,731,262
Country Garden Holdings Company      
11.125%, 02/23/2018 (S) $ 330,000 334,950
Crown Castle Towers LLC      
4.883%, 08/15/2020 (S)   270,000 269,858
DuPont Fabros Technology LP      
8.500%, 12/15/2017   395,000 434,994
Emeralds      
0.514%, 08/04/2020 (H)(P)(S)   104,967 94,470
Eurofima      
6.000%, 01/28/2014 AUD 1,395,000 1,455,890
European Bank for Reconstruction &      
Development      
9.250%, 09/10/2012 BRL 14,810,000 9,060,619
European Investment Bank      
4.250%, 02/04/2015 NOK 6,400,000 1,171,670
5.375%, 05/20/2014 AUD 3,030,000 3,118,061
7.000%, 01/18/2012 NZD 1,450,000 1,139,420
Export-Import Bank of Korea      
6.500%, 01/25/2012 INR 38,100,000 852,989
First Tennessee Bank NA      
5.050%, 01/15/2015 $ 618,000 632,278
General Electric Capital      
Australia Funding Pty, Ltd.      
6.000%, 05/15/2013 AUD 580,000 597,795
6.500%, 11/15/2011   1,810,000 1,882,481
7.000%, 10/08/2015   2,800,000 2,945,426
General Electric Capital Corp.      
4.875%, 04/05/2016 SEK 10,000,000 1,579,635
General Electric Capital Corp., Series A      
7.625%, 12/10/2014 NZD 4,415,000 3,637,897
Glen Meadow Pass-Through Trust      
(6.505% to 02/15/2017, then 3 month      
LIBOR +2.125%)      
02/12/2067 (S) $ 1,885,000 1,663,513
Hongkong Land Treasury Services      
(Singapore) Pte, Ltd.      
3.860%, 12/29/2017 SGD 250,000 202,951
Huntington Bancshares, Inc.      
7.000%, 12/15/2020 $ 260,000 286,632
Inter-American Development Bank      
4.750%, 01/10/2014 INR 55,850,000 1,222,325
Inter-American Development Bank,      
Series INTL      
7.250%, 05/24/2012 NZD 4,665,000 3,721,426
Inter-American Development Bank,      
Series MPLE      
4.250%, 12/02/2012 CAD 480,000 513,692
International Finance Corp.      
7.500%, 02/28/2013 AUD 1,627,000 1,751,650
Kreditanstalt fuer Wiederaufbau      
4.000%, 12/15/2014 NOK 10,010,000 1,822,085
5.750%, 05/13/2015 AUD 4,775,000 4,935,958
6.500%, 11/15/2011 NZD 539,000 419,685
7.000%, 10/22/2012 IDR 15,900,000,000 1,823,657

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Lancer Finance Company SPV, Ltd.      
5.850%, 12/12/2016 (S) $ 89,027 $ 88,869
Landry’s Holdings, Inc.      
11.500%, 06/01/2014 (S)   1,230,000 1,217,700
Lincoln National Corp. (7.000% to      
5/17/2016, then 3 month      
LIBOR + 2.358%)      
05/17/2066   900,000 893,250
Local TV Finance LLC, PIK      
9.250%, 06/15/2015 (S)   316,031 307,340
Longfor Properties Company, Ltd.      
9.500%, 04/07/2016 (S)   290,000 290,000
M&I Marshall & Ilsley Bank      
5.000%, 01/17/2017   1,170,000 1,208,391
MetLife, Inc.      
6.400%, 12/15/2036   755,000 727,141
Morgan Stanley & Company, Inc.      
11.500%, 10/22/2020 (S) BRL 2,922,000 1,789,728
Nationstar Mortgage/Nationstar      
Capital Corp.      
10.875%, 04/01/2015 (S) $ 175,000 180,250
Realogy Corp.      
11.500%, 04/15/2017 (S)   2,030,000 2,095,975
12.000%, 04/15/2017 (S)   2,103,315 2,190,077
Regions Financial Corp.      
7.375%, 12/10/2037   275,000 267,438
Royal Bank of Scotland PLC      
1.871%, 03/31/2014 (P) SGD 2,500,000 1,953,471
Standard Chartered Bank      
2.220%, 07/05/2013   1,750,000 1,406,997
Symetra Financial Corp. (8.300% to      
10/15/2017, then 3 month      
LIBOR + 4.177%)      
10/15/2037 (S) $ 990,000 997,425
Synovus Financial Corp.      
5.125%, 06/15/2017   230,000 214,300
Temasek Financial I, Ltd.      
3.265%, 02/19/2020 SGD 1,250,000 1,007,710
The South Financial Group, Inc.      
1.721%, 09/01/2037 (P) $ 170,000 137,700
Western Alliance Bancorp      
10.000%, 09/01/2015   845,000 891,475
Wilmington Trust Corp.      
8.500%, 04/02/2018   312,000 360,562
XL Group PLC. (6.500% to 4/15/2017,      
then 3 month LIBOR + 2.458%)      
04/15/2017 (Q)   390,000 357,825
Yanlord Land Group, Ltd.      
10.625%, 03/29/2018 (S)   450,000 451,710
 
      78,558,848
Health Care - 1.26%      
Alere, Inc.      
8.625%, 10/01/2018   1,410,000 1,492,838
BioScrip, Inc.      
10.250%, 10/01/2015   765,000 796,556
Catalent Pharma Solutions, Inc., PIK      
9.500%, 04/15/2015   1,550,593 1,591,296
Giant Funding Corp.      
8.250%, 02/01/2018 (S)   325,000 333,531
HCA, Inc.      
9.125%, 11/15/2014   40,000 41,950
LifePoint Hospitals, Inc.      
6.625%, 10/01/2020 (S)   160,000 164,000

 

352

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Health Care (continued)      
PharmaNet Development Group, Inc.      
10.875%, 04/15/2017 (S) $ 175,000 $ 192,500
Valeant Pharmaceuticals      
International, Inc.      
7.000%, 10/01/2020 (S)   580,000 562,600
Vanguard Health Systems, Inc.      
zero coupon, 02/01/2016 (S)   485,000 307,975
 
      5,483,246
Industrials - 5.67%      
Aeropuertos Argentina 2000 SA      
10.750%, 12/01/2020 (S)   618,750 668,250
American Railcar Industries, Inc.      
7.500%, 03/01/2014   315,000 320,513
Avis Budget Car Rental LLC/Avis      
Budget Finance, Inc.      
9.625%, 03/15/2018   325,000 359,125
Coleman Cable, Inc.      
9.000%, 02/15/2018   1,315,000 1,384,038
Colt Defense LLC/Colt Finance Corp.      
8.750%, 11/15/2017 (S)   85,000 69,275
Covanta Holding Corp.      
7.250%, 12/01/2020   1,385,000 1,449,249
Delta Air Lines 2007-1 Class A Pass      
Through Trust      
6.821%, 08/10/2022   1,401,041 1,446,575
Delta Air Lines, Inc.      
9.500%, 09/15/2014 (S)   1,343,000 1,426,938
12.250%, 03/15/2015 (S)   485,000 543,200
Global Aviation Holdings, Inc.      
14.000%, 08/15/2013   1,475,000 1,729,438
Grupo KUO SAB de CV      
9.750%, 10/17/2017 (S)   675,000 735,750
Hawker Beechcraft Acquisition      
Company LLC      
8.500%, 04/01/2015   690,000 584,775
Kansas City Southern de Mexico SA      
de CV      
8.000%, 02/01/2018   445,000 485,050
Kratos Defense & Security      
Solutions, Inc.      
10.000%, 06/01/2017   200,000 220,500
Navios Maritime Holdings, Inc./Navios      
Maritime Finance II U.S., Inc.      
8.125%, 02/15/2019 (S)   375,000 377,813
Niska Gas Storage U.S. LLC/Niska Gas      
Storage Canada ULC      
8.875%, 03/15/2018   560,000 609,000
Nortek, Inc.      
10.000%, 12/01/2018 (S)   915,000 985,913
Odebrecht Finance, Ltd.      
7.500%, 09/14/2015 (Q)(S)   295,000 298,688
Rearden G Holdings EINS GmbH      
7.875%, 03/30/2020 (S)   130,000 141,050
SCF Capital, Ltd.      
5.375%, 10/27/2017 (S)   575,000 564,219
Smiths Group PLC      
7.200%, 05/15/2019 (S)   290,000 322,489
Swift Services Holdings, Inc.      
10.000%, 11/15/2018 (S)   765,000 830,025
Thermadyne Holdings Corp.      
9.000%, 12/15/2017 (S)   435,000 459,469
TransDigm, Inc.      
7.750%, 12/15/2018 (S)   815,000 875,106

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Tutor Perini Corp.      
7.625%, 11/01/2018 (S) $ 1,100,000 $ 1,133,000
UAL 2009-1 Pass Through Trust      
10.400%, 11/01/2016   986,800 1,129,886
UAL 2009-2A Pass Through Trust      
9.750%, 01/15/2017   830,567 946,846
United Air Lines, Inc.      
9.875%, 08/01/2013 (S)   157,000 165,831
12.000%, 11/01/2013 (S)   1,105,000 1,200,306
Votorantim Cimentos SA      
7.250%, 04/05/2041 (S)   430,000 427,399
Western Express, Inc.      
12.500%, 04/15/2015 (S)   1,590,000 1,534,350
WPE International Cooperatief UA      
10.375%, 09/30/2020 (S)   1,220,000 1,262,700
 
      24,686,766
Information Technology - 0.84%      
Brightstar Corp.      
9.500%, 12/01/2016 (S)   870,000 934,163
CommScope, Inc.      
8.250%, 01/15/2019 (S)   330,000 344,850
Equinix, Inc.      
8.125%, 03/01/2018   730,000 790,225
First Data Corp.      
8.875%, 08/15/2020 (S)   110,000 120,725
Freescale Semiconductor, Inc.      
9.250%, 04/15/2018 (S)   135,000 147,825
Vangent, Inc.      
9.625%, 02/15/2015   1,325,000 1,318,375
 
      3,656,163
Materials - 6.04%      
ABI Escrow Corp.      
10.250%, 10/15/2018 (S)   1,280,000 1,414,400
American Pacific Corp.      
9.000%, 02/01/2015   2,630,000 2,560,963
APERAM      
7.750%, 04/01/2018 (S)   430,000 438,600
Ball Corp.      
6.750%, 09/15/2020   110,000 114,950
Berry Plastics Corp.      
8.250%, 11/15/2015   875,000 928,594
9.750%, 01/15/2021 (S)   470,000 465,300
Braskem Finance, Ltd.      
7.000%, 05/07/2020 (S)   235,000 254,975
7.375%, 10/04/2015 (Q)(S)   410,000 412,050
Cascades, Inc.      
7.875%, 01/15/2020   25,000 26,375
Celulosa Arauco y Constitucion SA      
5.000%, 01/21/2021 (S)   400,000 394,191
China Oriental Group Company, Ltd.      
7.000%, 11/17/2017 (S)   665,000 658,350
CSN Islands XII Corp.      
7.000%, 09/23/2015 (Q)(S)   820,000 804,830
Essar Steel Algoma, Inc.      
9.375%, 03/15/2015 (S)   495,000 495,000
Ferro Corp.      
7.875%, 08/15/2018   590,000 625,400
Graham Packaging      
Company LP/GPC Capital Corp. I      
8.250%, 01/01/2017 to 10/01/2018   585,000 627,413
9.875%, 10/15/2014   590,000 609,913
Grupo Papelero Scribe SA      
8.875%, 04/07/2020 (S)   285,000 265,050

 

353

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials (continued)      
Inkia Energy, Ltd.      
8.375%, 04/04/2021 (S) $ 1,200,000 $ 1,190,028
Mercer International, Inc.      
9.500%, 12/01/2017 (S)   610,000 667,950
Metinvest BV      
8.750%, 02/14/2018 (S)   950,000 983,250
Midwest Vanadium Pty, Ltd.      
11.500%, 02/15/2018 (S)   1,540,000 1,588,125
NewPage Corp.      
11.375%, 12/31/2014   2,005,000 2,007,506
Owens-Brockway Glass Container, Inc.      
7.375%, 05/15/2016   435,000 476,869
PE Paper Escrow GmbH      
12.000%, 08/01/2014 (S)   315,000 362,250
Polymer Group, Inc.      
7.750%, 02/01/2019 (S)   155,000 159,844
Pope & Talbot, Inc.      
8.375%, 06/01/2013 (H)   1,500,000 150
Rain CII Carbon LLC/CII Carbon Corp.      
8.000%, 12/01/2018 (S)   2,770,000 2,963,900
Sappi Papier Holding AG      
7.500%, 06/15/2032 (S)   950,000 864,500
Suzano Trading, Ltd.      
5.875%, 01/23/2021 (S)   1,230,000 1,205,400
U.S. Corrugated, Inc.      
10.000%, 06/12/2013   785,000 769,300
Vale Overseas, Ltd.      
4.625%, 09/15/2020   310,000 302,007
Verso Paper      
Holdings LLC/Verso Paper, Inc.      
8.750%, 02/01/2019 (S)   850,000 884,000
11.500%, 07/01/2014   716,000 782,230
 
      26,303,663
Telecommunication Services - 3.32%      
Affinion Group Holdings, Inc.      
11.625%, 11/15/2015 (S)   790,000 803,825
Axtel SAB de CV      
7.625%, 02/01/2017 (S)   60,000 56,400
9.000%, 09/22/2019 (S)   2,125,000 2,040,000
Bakrie Telecom Pte, Ltd.      
11.500%, 05/07/2015 (S)   950,000 1,014,125
Broadview Networks Holdings, Inc.      
11.375%, 09/01/2012   680,000 666,400
Digicel Group, Ltd.      
8.875%, 01/15/2015 (S)   295,000 307,243
Digicel, Ltd.      
8.250%, 09/01/2017 (S)   1,120,000 1,187,200
Frontier Communications Corp.      
8.500%, 04/15/2020   235,000 254,681
GXS Worldwide, Inc.      
9.750%, 06/15/2015   825,000 839,438
Intelsat Bermuda, Ltd.      
11.250%, 02/04/2017   1,495,000 1,633,288
Level 3 Financing, Inc.      
10.000%, 02/01/2018   630,000 630,788
NII Capital Corp.      
8.875%, 12/15/2019   445,000 489,500
SBA Tower Trust      
5.101%, 04/15/2017 (S)   275,000 281,875
SingTel Group Treasury Pte, Ltd.      
3.488%, 04/08/2020 SGD 1,000,000 809,562
Sprint Capital Corp.      
8.750%, 03/15/2032 $ 1,085,000 1,154,169

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
West Corp.      
11.000%, 10/15/2016 $ 1,760,000 $ 1,892,000
Wind Acquisition Finance SA      
7.250%, 02/15/2018 (S)   380,000 397,100
 
      14,457,594
Utilities - 0.66%      
AES Andres Dominicana/Itabo      
Dominicana      
9.500%, 11/12/2020 (S)   1,180,000 1,256,700
Cia de Saneamento Basico do Estado de      
Sao Paulo      
6.250%, 12/16/2020 (S)   555,000 570,263
Dubai Electricity & Water Authority      
7.375%, 10/21/2020 (S)   1,070,000 1,037,900
 
      2,864,863
TOTAL CORPORATE BONDS (Cost $214,011,274) $ 223,236,571
 
CONVERTIBLE BONDS - 2.67%      
Consumer Discretionary - 0.82%      
D.R. Horton, Inc.      
2.000%, 05/15/2014   260,000 296,400
Ford Motor Company      
4.250%, 11/15/2016   155,000 280,938
XM Satellite Radio, Inc.      
7.000%, 12/01/2014 (S)   2,265,000 3,001,125
 
      3,578,463
Consumer Staples - 0.11%      
Alliance One International, Inc.      
5.500%, 07/15/2014   440,000 471,900
Energy - 0.22%      
Chesapeake Energy Corp.      
2.500%, 05/15/2037   260,000 282,425
James River Coal Company      
3.125%, 03/15/2018 (S)   405,000 427,093
Newpark Resources, Inc.      
4.000%, 10/01/2017   250,000 259,375
 
      968,893
Financials - 0.47%      
Ares Capital Corp.      
5.750%, 02/01/2016 (S)   1,130,000 1,204,863
MF Global Holdings, Ltd.      
1.875%, 02/01/2016   225,000 230,906
Old Republic International Corp.      
3.750%, 03/15/2018   620,000 625,425
 
      2,061,194
Health Care - 0.28%      
Dendreon Corp.      
2.875%, 01/15/2016   971,000 1,021,978
Gilead Sciences, Inc.      
1.000%, 05/01/2014 (S)   65,000 72,963
Teleflex, Inc.      
3.875%, 08/01/2017   95,000 106,994
 
      1,201,935
Industrials - 0.28%      
United Continental Holdings, Inc.      
4.500%, 06/30/2021   1,210,000 1,226,698
Materials - 0.04%      
Owens-Brockway Glass Container, Inc.      
3.000%, 06/01/2015 (S)   160,000 162,200

 

354

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
CONVERTIBLE BONDS (continued)      
Telecommunication Services - 0.45%      
Clearwire      
Communications LLC/Clearwire      
Finance, Inc.      
8.250%, 12/01/2040 (S) $ 1,785,000 $ 1,965,731
TOTAL CONVERTIBLE BONDS (Cost $9,144,600) $ 11,637,014
 
MUNICIPAL BONDS - 3.51%      
California - 0.63%      
Bay Area Toll Authority      
7.043%, 04/01/2050   150,000 154,547
City of Long Beach      
7.282%, 11/01/2030   170,000 161,379
County of Siskiyou      
6.100%, 06/01/2037   355,000 331,119
Los Angeles County Public Works      
Financing Authority      
7.488%, 08/01/2033   705,000 729,012
Los Angeles Department of Water &      
Power      
6.603%, 07/01/2050   715,000 748,433
Modesto Irrigation District Financing      
Authority      
7.204%, 10/01/2040   465,000 473,258
San Diego County Regional Airport      
Authority      
6.628%, 07/01/2040   160,000 158,104
 
      2,755,852
District of Columbia - 0.19%      
District of Columbia Water & Sewer      
Authority      
5.522%, 10/01/2044   615,000 593,438
Metropolitan Washington Airports      
Authority, Series D      
8.000%, 10/01/2047   240,000 231,583
 
      825,021
Florida - 0.27%      
County of Sarasota      
7.401%, 10/01/2040   1,090,000 1,177,244
Georgia - 0.18%      
Municipal Electric Authority of Georgia      
7.055%, 04/01/2057   830,000 773,485
Hawaii - 0.06%      
University of Hawaii      
6.034%, 10/01/2040   245,000 244,799
Illinois - 0.25%      
City of Chicago      
7.168%, 01/01/2041   385,000 382,501
Northern Illinois Municipal Power      
Agency      
7.820%, 01/01/2040   650,000 719,323
 
      1,101,824
Massachusetts - 0.04%      
Commonwealth of Massachusetts      
5.731%, 06/01/2040   170,000 174,656
Michigan - 0.10%      
County of Wayne      
10.000%, 12/01/2040   425,000 444,975
Nevada - 0.02%      
County of Clark      
6.000%, 07/01/2028   70,000 69,031

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
New Jersey - 0.20%      
New Jersey Transportation Trust Fund      
Authority      
6.104%, 12/15/2028 $ 870,000 $ 860,082
New York - 0.32%      
City of New York      
5.517%, 10/01/2037   620,000 584,424
6.271%, 12/01/2037   425,000 444,253
Port Authority of New York & New      
Jersey      
5.647%, 11/01/2040   385,000 370,385
 
      1,399,062
Ohio - 0.39%      
American Municipal Power-Ohio, Inc.      
5.939%, 02/15/2047   810,000 709,268
8.084%, 02/15/2050   855,000 976,880
 
      1,686,148
Oklahoma - 0.17%      
Grand River Dam Authority      
7.155%, 06/01/2040   730,000 744,950
Pennsylvania - 0.14%      
Pennsylvania Turnpike Commission      
5.511%, 12/01/2045   675,000 594,270
Texas - 0.34%      
City of San Antonio      
5.808%, 02/01/2041   750,000 743,415
Dallas Area Rapid Transit      
5.022%, 12/01/2048   465,000 412,078
Dallas-Fort Worth International Airport      
Facilities Improvement      
7.000%, 01/01/2016   350,000 348,695
 
      1,504,188
Virginia - 0.17%      
Virginia Resources Authority      
6.290%, 11/01/2040   745,000 764,892
Washington - 0.04%      
Washington State Convention Center      
Public Facilities District      
6.790%, 07/01/2040   185,000 180,839
TOTAL MUNICIPAL BONDS (Cost $15,254,602) $ 15,301,318
 
TERM LOANS (M) - 4.84%      
Consumer Discretionary - 1.86%      
CCM Merger, Inc.      
7.000%, 03/01/2017   275,000 278,266
Clear Channel Communications, Inc.      
3.896%, 01/28/2016   1,205,032 1,059,592
Dex Media West, Inc.      
7.000%, 10/24/2014   869,062 770,026
Harrah’s Operating Company, Inc.      
3.303%, 01/28/2015   1,850,000 1,710,961
Kalispel Tribal Economic Authority      
6.057%, 02/22/2017   1,100,000 1,078,000
Las Vegas Sands LLC      
11/23/2016 (T)   541,222 527,015
11/23/2016 (T)   107,319 104,502
Michaels Stores, Inc.      
2.584%, 10/31/2013   1,463,684 1,448,641
Travelport LLC      
08/21/2015 (T)   570,175 563,315

 

355

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (M) (continued)      
Consumer Discretionary (continued)      
Vertis, Inc.      
12.000%, 12/31/2015 $ 555,000 $ 543,900
      8,084,218
Energy - 0.36%      
Alpha Natural Resources, Inc.      
01/27/2012 (T)   1,585,000 1,585,000
Financials - 0.13%      
Realogy Corp.      
10/10/2013 (T)   532,881 503,572
10/10/2013 (T)   67,119 63,428
 
      567,000
Health Care - 0.55%      
Cardinal Health, Inc.      
2.496%, 04/10/2014   1,828,193 1,769,540
Community Health Systems, Inc.      
2.561%, 07/25/2014   610,628 603,754
2.561%, 07/25/2014   39,276 38,833
 
      2,412,127
Industrials - 0.98%      
Bourland & Leverich Supply      
Company LLC      
11.000%, 08/13/2015   121,875 124,313
Delta Airlines, Inc.      
3.506%, 04/30/2014   1,639,227 1,616,432
Hawker Beechcraft      
Acquisition Company LLC      
2.263%, 03/26/2014   658,549 578,288
2.303%, 03/26/2014   40,723 35,760
US Airways Group, Inc.      
2.753%, 03/21/2014   2,086,970 1,899,516
 
      4,254,309
Information Technology - 0.15%      
First Data Corp.      
3.002%, 09/24/2014   700,000 670,141
Materials - 0.22%      
Consolidated Container Company LLC      
5.750%, 09/28/2014   1,100,000 958,375
Telecommunication Services - 0.37%      
Intelsat Jackson Holdings SA      
3.303%, 02/02/2014   700,000 685,563
5.250%, 04/02/2018   905,000 910,085
 
      1,595,648
Utilities - 0.22%      
Texas Competitive Electric Holdings      
Company LLC      
10/10/2014 (T)   1,150,000 967,848
TOTAL TERM LOANS (Cost $20,107,952) $ 21,094,666
 
CAPITAL PREFERRED SECURITIES - 0.73%    
Financials - 0.73%      
BB&T Capital Trust IV (6.820% to      
06/12/2037 then 3 month      
LIBOR + 2.110% quarterly or 1 month      
LIBOR + 2.108%)      
06/12/2057   395,000 393,025
Fifth Third Capital Trust IV (6.500% to      
04/15/2017 then 3 month      
LIBOR + 1.368%)      
04/15/2037   395,000 384,631

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CAPITAL PREFERRED SECURITIES (continued)  
Financials (continued)      
First Midwest Capital Trust I, Series B      
6.950%, 12/01/2033   150,000 $ 127,125
SunTrust Capital VIII (6.100% to      
12/15/2036, then 1 month      
LIBOR + 1.965%)      
12/01/2066   665,000 648,375
The South Financial Group, Inc. (1.630%      
to 12/15/2012, then 1 month      
LIBOR + 1.320%)      
09/15/2037   300,000 243,000
Wachovia Capital Trust III      
5.570%, 06/17/2011 (Q)   1,500,000 1,376,250
 
      3,172,406
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $3,006,656)   $ 3,172,406
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 4.46%      
Commercial & Residential - 4.26%      
American Home Mortgage Assets,      
Series 2006-6, Class XP IO      
2.361%, 12/25/2046 $ 15,197,586 $ 1,021,211
American Tower Trust, Series 2007-1A,      
Class C      
5.615%, 04/15/2037 (S)   260,000 274,682
Bear Stearns Alt-A Trust,,      
Series 2004-13, Class A1      
0.990%, 11/25/2034 (P)   1,234,359 1,128,232
Countrywide Alternative Loan Trust,      
Series 2006-OA12, Class X IO      
2.660%, 09/20/2046   14,672,616 972,061
Downey Savings & Loan Association      
Mortgage Loan Trust,      
Series 2005-AR2, Class X2 IO      
2.516%, 03/19/2045 (P)   35,882,722 1,517,775
Global Tower Partners Acquisition      
Partners LLC, Series 2007-1A,      
Class G      
7.874%, 05/15/2037 (S)   870,000 896,776
GSR Mortgage Loan Trust,      
Series 2005-AR6, Class 3A1      
2.772%, 09/25/2035 (P)   1,161,703 1,064,318
Harborview Mortgage Loan Trust      
Series 2007-6, Class ES IO,      
0.342%, 08/19/2037 (S)   15,127,764 96,213
Series 2007-3, Class ES IO,      
0.350%, 05/19/2047   18,490,960 121,116
Series 2007-4, Class ES IO,      
0.350%, 07/19/2047 (P)   22,097,257 121,314
Series 2005-8, Class 1X IO,      
2.401%, 09/19/2035 (P)   9,930,886 526,986
IndyMac Index Mortgage Loan Trust      
Series 2005-AR18, Class 2X IO,      
1.913%, 10/25/2036   27,912,178 1,256,048
Series 2005-AR18, Class 1X IO,      
2.225%, 10/25/2036   27,342,371 1,230,407
Morgan Stanley Mortgage Loan Trust      
Series 2004-8AR, Class 4A1,      
2.659%, 10/25/2034 (P)   644,034 599,368
Series 2004-9, Class 1A,      
5.974%, 11/25/2034 (P)   2,536,437 2,588,059

 

356

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)    
WaMu Mortgage Pass      
Through Certificates      
Series 2005-AR6, Class B1,      
0.850%, 04/25/2045 (P) $ 3,392,982 $ 551,180
Series 2005-AR13, Class B1,      
0.850%, 10/25/2045 (P)   2,092,842 371,850
Series 2005-AR13, Class X IO,      
1.557%, 10/25/2045   84,066,157 4,206,670
U.S. Government Agency - 0.20%      
Federal National Mortgage Association      
Series 402, Class 4 IO,      
4.000%, 10/25/2039   1,009,912 230,135
Series 402, Class 3 IO,      
4.000%, 11/25/2039   910,825 213,875
Series 398, Class C3 IO,      
4.500%, 05/25/2039   835,155 178,342
Series 402, Class 7 IO,      
4.500%, 11/25/2039   1,141,755 261,174
 
      883,526
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $11,141,419)   $ 19,427,792
 
ASSET BACKED SECURITIES - 0.62%    
Dominos Pizza Master Issuer LLC      
Series 2007-1, Class A2,      
5.261%, 04/25/2037 (S)   900,000 915,750
Series 2007-1, Class M1,      
7.629%, 04/25/2037 (S)   1,000,000 1,017,500
Ford Auto Securitization Trust,      
Series 2010-R3A, Class A1      
1.926%, 06/15/2013 (S) CAD 729,051 752,724
TOTAL ASSET BACKED SECURITIES (Cost $2,451,273) $ 2,685,974
 
COMMON STOCKS - 3.51%      
Consumer Discretionary - 1.34%      
Charter      
Communications, Inc., Class A (I)   108,651 $ 5,501,000
Dex One Corp. (I)   6,463 31,281
Greektown Superholdings, Inc. (I)   269 23,960
Lear Corp.   44 2,150
SuperMedia, Inc. (I)   16,551 103,278
Vertis Holdings, Inc. (I)   8,371 165,076
 
      5,826,745
Financials - 1.91%      
Ameris Bancorp (I)   5,721 58,125
Apollo Investment Corp.   78,506 946,782
Ares Capital Corp.   114,785 1,939,867
Capitol Federal Financial, Inc.   17,165 193,450
Chimera Investment Corp.   103,775 410,949
Homburg Canada Real      
Estate Investment Trust (I)   214,087 2,689,613
Invesco Mortgage Capital, Inc.   28,224 616,694
MFA Financial, Inc.   51,565 422,833
Plum Creek Timber Company, Inc.   11,129 485,336
Weyerhaeuser Company   22,945 564,447
 
      8,328,096
Health Care - 0.22%      
Johnson & Johnson   13,285 787,136
Laboratory Corp. of      
America Holdings (I)   1,914 176,337
 
      963,473

 

Strategic Income Opportunities Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Telecommunication Services - 0.04%    
Chunghwa Telecom Company, Ltd., ADR 5,473 $ 170,539
TOTAL COMMON STOCKS (Cost $13,295,274) $ 15,288,853
 
PREFERRED SECURITIES - 3.54%    
Consumer Discretionary - 0.29%    
General Motors Company 14,932 719,722
Greektown    
Superholdings, Inc., Series A (I) 6,111 544,307
 
    1,264,029
Energy - 0.17%    
Apache Corp., Series D 10,325 731,630
Financials - 3.08%    
Bank of America Corp. 3,500 3,538,465
Citigroup Capital XIII (7.875% to    
10/30/2015, then    
3 month LIBOR + 6.370%) 7,250 198,650
Citigroup, Inc. 14,530 1,838,045
FelCor Lodging Trust, Inc., Series A 14,146 382,932
GMAC Capital Trust I (8.125% to    
02/15/2016, then    
3 month LIBOR + 5.785%) 21,225 541,238
Metlife, Inc. 36,643 3,109,159
Wells Fargo & Company 2,490 2,577,648
Zions Bancorporation, Series C 46,200 1,210,440
 
    13,396,577
TOTAL PREFERRED SECURITIES (Cost $14,328,156) $ 15,392,236
 
OPTIONS PURCHASED - 0.34%    
- 0.15%    
Over the Counter Purchase Call on the    
AUD vs. USD (Expiration Date:    
07/05/2011; Strike Price $1.05;    
Counterparty: Royal Bank    
of Scotland) (I) 50,000,000 646,572
Put Options - 0.19%    
Over the Counter Purchase Put on the    
EUR vs. USD (Expiration Date:    
05/19/2011; Strike Price $1.10;    
Counterparty: RBC    
Dominion Securities) (I) 3,900,000 945
Over the Counter Purchase Put on the    
EUR vs. USD (Expiration Date:    
09/30/2011; Strike Price $1.28;    
Counterparty: Morgan Stanley &    
Company, Inc.) (I) 25,600,000 242,458
Over the Counter Purchase Put on the    
GBP vs. USD (Expiration Date:    
04/07/2011; Strike Price $1.49;    
Counterparty: UBS Securities, Inc.) (I) 25,000,000 1,965
Over the Counter Purchase Put on the    
JPY vs. USD (Expiration Date:    
09/28/2011; Strike Price $87;    
Counterparty: Morgan Stanley &    
Company, Inc.) (I) 20,000,000 336,100
Over the Counter Purchase Put on the    
USD vs. CAD (Expiration Date:    
09/30/2011; Strike Price $0.94;    
Counterparty: Goldman Sachs    
& Company) (I) 22,000,000 245,366
 
    826,834
TOTAL OPTIONS PURCHASED (Cost $2,148,682) $ 1,473,406

 

357

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS - 0.56%    
Repurchase Agreement - 0.56%      
Repurchase Agreement with State      
Street Corp. dated 03/31/2011 at      
0.010% to be repurchased at      
$2,451,771 on 04/01/2011,      
collateralized by $2,470,000 Federal      
Home Loan Mortgage Corp., 0.010%      
due 09/30/2011 (valued at $2,466,913,      
including interest) and $35,000      
U.S. Treasury Notes, 1.375% due      
05/15/2013 (valued at $35,383,      
including interest) $ 2,451,770 $ 2,451,770
TOTAL SHORT-TERM INVESTMENTS (Cost $2,451,770) $ 2,451,770
Total Investments (Strategic Income Opportunities Trust)    
(Cost $404,102,838) - 99.16%   $ 431,778,277
Other assets and liabilities, net - 0.84%     3,676,973
TOTAL NET ASSETS - 100.00%   $ 435,455,250
 
 
 
Total Bond Market Trust A    
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 69.39%      
U.S. Government - 32.19%      
U.S. Treasury Bonds      
3.500%, 02/15/2039 $ 740,000 $ 619,865
3.875%, 08/15/2040   5,000,000 4,471,095
4.250%, 05/15/2039 to 11/15/2040   9,000,000 8,611,097
4.375%, 02/15/2038 to 05/15/2040   13,847,000 13,545,686
4.500%, 05/15/2038   7,845,000 7,862,164
4.625%, 02/15/2040   2,200,000 2,241,593
5.250%, 02/15/2029   12,270,000 13,805,663
5.375%, 02/15/2031   880,000 1,005,400
6.250%, 08/15/2023   7,800,000 9,675,658
7.875%, 02/15/2021   2,300,000 3,164,657
8.125%, 08/15/2021   1,400,000 1,964,813
9.250%, 02/15/2016   2,150,000 2,858,829
U.S. Treasury Notes      
0.375%, 08/31/2012   6,100,000 6,086,897
0.500%, 11/30/2012   34,000,000 33,908,370
0.625%, 07/31/2012   6,000,000 6,011,280
0.750%, 08/15/2013 to 09/15/2013   24,000,000 23,847,509
0.875%, 02/29/2012   13,950,000 14,022,540
1.125%, 12/15/2012   23,500,000 23,670,751
1.250%, 08/31/2015   5,000,000 4,839,454
1.375%, 10/15/2012 to 03/15/2013   18,400,000 18,611,168
1.500%, 07/15/2012   8,400,000 8,512,216
1.750%, 01/31/2014 to 07/31/2015   30,320,000 30,486,482
1.875%, 02/28/2014 (L)   13,890,000 14,134,158
1.875%, 06/30/2015 to 08/31/2017   4,400,000 4,289,406
2.000%, 11/30/2013   4,795,000 4,902,513
2.125%, 11/30/2014 to 05/31/2015   14,900,000 15,084,020
2.250%, 11/30/2017 (L)   14,000,000 13,506,724
2.375%, 09/30/2014   15,900,000 16,342,211
2.375%, 02/28/2015 (L)   11,000,000 11,254,430
2.500%, 04/30/2015   8,800,000 9,028,941
2.625%, 12/31/2014 to 08/15/2020   36,500,000 37,488,835
2.625%, 11/15/2020 (L)   15,000,000 13,976,954
2.750%, 10/31/2013   25,730,000 26,823,525
2.750%, 02/15/2019 (L)   14,200,000 13,853,875

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government (continued)      
U.S. Treasury Notes (continued)      
3.000%, 09/30/2016 $ 19,420,000 $ 19,973,781
3.375%, 11/15/2019 (L)   2,100,000 2,120,178
3.500%, 05/15/2020   2,300,000 2,328,037
3.625%, 02/15/2020 (L)   22,100,000 22,668,036
3.750%, 11/15/2018   7,236,000 7,593,278
4.250%, 11/15/2017   9,300,000 10,124,650
4.750%, 05/15/2014   800,000 884,313
 
      486,201,052
U.S. Government Agency - 37.20%      
Federal Farm Credit Bank      
3.875%, 10/07/2013   1,700,000 1,813,183
4.875%, 12/16/2015   1,800,000 2,009,162
Federal Home Loan Bank      
1.625%, 07/27/2011   4,900,000 4,924,064
3.875%, 06/14/2013   6,400,000 6,795,405
5.000%, 11/17/2017   9,090,000 10,181,326
Federal Home Loan Mortgage Corp.      
3.750%, 06/28/2013   4,000,000 4,248,076
3.875%, 06/29/2011   6,000,000 6,055,338
4.000%, 02/01/2024 to 12/01/2040   24,409,596 24,303,922
4.125%, 09/27/2013   5,500,000 5,898,046
4.500%, 07/01/2018 to 07/01/2040   35,295,369 36,062,502
5.000%, 11/01/2022 to 10/01/2040   30,305,450 31,739,880
5.500%, 08/23/2017 to 01/01/2039   28,936,968 31,076,447
5.779%, 02/01/2037 (P)   373,169 396,026
5.806%, 08/01/2037 (P)   575,336 615,430
6.000%, 06/15/2011 to 10/01/2038   19,778,682 21,253,312
6.250%, 07/15/2032   570,000 693,863
6.500%, 08/01/2037 to 09/01/2038   2,715,040 3,034,471
6.750%, 09/15/2029   2,900,000 3,688,925
7.000%, 11/01/2037 to 10/01/2038   1,309,037 1,489,345
Federal National Mortgage Association      
0.375%, 12/28/2012   13,300,000 13,179,914
1.375%, 04/28/2011   3,400,000 3,403,301
2.111%, 01/01/2035 (P)   1,474,065 1,524,552
3.250%, 04/09/2013   4,000,000 4,193,208
3.500%, 12/01/2025   8,108,451 8,128,736
3.667%, 04/01/2036 (P)   1,212,352 1,265,154
3.875%, 07/12/2013   6,000,000 6,385,710
4.000%, 03/01/2024 to 01/01/2041   37,575,092 37,529,613
4.375%, 10/15/2015   4,850,000 5,284,681
4.500%, TBA   5,500,000 5,588,423
4.500%, 06/01/2018 to 03/01/2041   51,843,260 53,022,925
4.946%, 07/01/2034 (P)   1,328,720 1,410,520
5.000%, TBA   4,600,000 4,806,126
5.000%, 06/01/2018 to 08/01/2040   35,470,856 37,216,252
5.049%, 09/01/2037 (P)   1,262,010 1,325,662
5.232%, 05/01/2036 (P)   466,838 492,517
5.421%, 04/01/2036 (P)   222,557 235,069
5.500%, TBA   5,000,000 5,342,590
5.500%, 08/01/2017 to 11/01/2038   38,783,411 41,618,923
5.606%, 04/01/2037 (P)   1,218,724 1,293,371
6.000%, 08/01/2023 to 10/01/2038   22,456,423 24,480,349
6.125%, 03/15/2012   1,275,000 1,344,417
6.235%, 10/01/2037 (P)   1,143,796 1,223,504
6.500%, 07/01/2036 to 10/01/2038   6,277,562 7,045,642
7.000%, 10/01/2038   1,310,718 1,494,788
7.250%, 05/15/2030   2,600,000 3,504,662
Government National Mortgage Association      
4.000%, 07/15/2039 to 12/20/2040   9,137,967 9,135,118
4.500%, 06/15/2023 to 10/20/2040   32,781,989 33,815,654
5.000%, 10/15/2023 to 07/20/2040   25,303,534 26,862,962

 

358

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Government National Mortgage      
Association (continued)      
5.500%, 08/15/2023 to 09/20/2039 $ 10,050,501 $ 10,876,068
6.000%, 07/20/2037 to 10/15/2038   6,411,519 7,028,760
6.500%, 09/20/2037 to 12/15/2038   1,820,130 2,041,600
Tennessee Valley Authority      
3.875%, 02/15/2021   600,000 601,199
4.500%, 04/01/2018   820,000 885,217
6.750%, 11/01/2025   1,035,000 1,298,409
8.600%, 09/26/2019   525,000 720,998
 
      561,885,317
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $1,032,052,384)   $ 1,048,086,369
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 1.45%      
Austria - 0.04%      
Government of Austria      
5.000%, 05/19/2014 (S)   540,000 591,760
Brazil - 0.27%      
Federative Republic of Brazil      
5.875%, 01/15/2019   1,420,000 1,572,650
6.000%, 01/17/2017   890,000 997,690
7.125%, 01/20/2037   1,280,000 1,513,600
 
      4,083,940
Canada - 0.38%      
Export Development Canada      
3.500%, 05/16/2013   475,000 499,447
Government of Canada      
2.375%, 09/10/2014   240,000 245,835
Hydro-Quebec      
6.300%, 05/11/2011   600,000 603,679
8.400%, 01/15/2022   150,000 203,302
Province of British Columbia      
6.500%, 01/15/2026   390,000 472,552
Province of Manitoba      
5.000%, 02/15/2012   240,000 249,089
Province of New Brunswick      
5.200%, 02/21/2017   300,000 334,799
Province of Nova Scotia      
5.125%, 01/26/2017   370,000 410,776
Province of Ontario      
4.500%, 02/03/2015   1,100,000 1,198,277
Province of Quebec      
7.500%, 07/15/2023 to 09/15/2029   920,000 1,219,928
Province of Saskatchewan      
8.000%, 02/01/2013   240,000 267,967
 
      5,705,651
Chile - 0.03%      
Republic of Chile      
3.875%, 08/05/2020   450,000 438,188
Croatia - 0.01%      
Republic of Croatia      
6.375%, 03/24/2021 (S)   200,000 200,250
Israel - 0.06%      
Government of Israel      
5.125%, 03/26/2019   440,000 463,676
5.500%, 09/18/2023   380,000 425,554
 
      889,230

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Italy - 0.12%      
Republic of Italy      
4.500%, 01/21/2015 $ 500,000 $ 525,534
6.875%, 09/27/2023   1,210,000 1,357,111
 
      1,882,645
Japan - 0.03%      
Development Bank of Japan      
5.125%, 02/01/2017   200,000 221,527
Japan Finance Organization for Municipalities    
4.625%, 04/21/2015   200,000 217,189
 
      438,716
Lithuania - 0.02%      
Republic of Lithuania      
5.125%, 09/14/2017 (S)   300,000 300,642
Mexico - 0.22%      
Government of Mexico      
5.950%, 03/19/2019   2,519,000 2,807,426
6.050%, 01/11/2040   460,000 473,800
 
      3,281,226
Norway - 0.03%      
Eksportfinans ASA      
5.500%, 06/26/2017   440,000 491,685
Panama - 0.04%      
Republic of Panama      
6.700%, 01/26/2036   510,000 572,475
Peru - 0.07%      
Republic of Peru      
7.125%, 03/30/2019   910,000 1,073,800
South Africa - 0.05%      
Republic of South Africa      
5.500%, 03/09/2020   640,000 677,600
Sweden - 0.08%      
Svensk Exportkredit AB      
3.250%, 09/16/2014   890,000 928,901
4.875%, 09/29/2011   335,000 342,248
 
      1,271,149
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $20,999,303)   $ 21,898,957
 
CORPORATE BONDS - 22.60%      
Consumer Discretionary - 1.27%      
Best Buy Company, Inc.      
5.500%, 03/15/2021   590,000 578,041
British Sky Broadcasting Group PLC      
9.500%, 11/15/2018 (S)   420,000 553,401
CBS Corp.      
4.300%, 02/15/2021   300,000 283,121
8.875%, 05/15/2019   445,000 558,111
Comcast Corp.      
5.700%, 07/01/2019   460,000 497,944
6.500%, 01/15/2015 to 11/15/2035   1,075,000 1,142,786
DaimlerChrysler North America LLC      
5.750%, 09/08/2011   295,000 301,419
DIRECTV Holdings LLC / DIRECTV      
Financing Company, Inc.      
5.200%, 03/15/2020   440,000 452,664
6.375%, 03/01/2041   590,000 593,341
7.625%, 05/15/2016   950,000 1,047,375
Discovery Communications LLC      
5.625%, 08/15/2019   380,000 410,868

 

359

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Family Dollar Stores, Inc.      
5.000%, 02/01/2021 $ 490,000 $ 480,652
Grupo Televisa SA      
6.625%, 01/15/2040   330,000 349,506
Hasbro, Inc.      
6.350%, 03/15/2040   220,000 220,570
Home Depot, Inc.      
5.400%, 03/01/2016   100,000 110,389
5.875%, 12/16/2036   420,000 417,477
Johnson Controls, Inc.      
5.700%, 03/01/2041   300,000 300,382
Lowe’s Companies, Inc.      
6.100%, 09/15/2017   985,000 1,124,132
McDonald’s Corp.      
5.000%, 02/01/2019   328,000 357,240
News America, Inc.      
6.650%, 11/15/2037   525,000 550,617
O’Reilly Automotive, Inc.      
4.875%, 01/14/2021   500,000 493,792
Stanley Black & Decker, Inc.      
6.150%, 10/01/2013   590,000 652,306
Target Corp.      
6.500%, 10/15/2037   500,000 562,121
TCI Communications, Inc.      
7.125%, 02/15/2028   455,000 516,084
The Walt Disney Company      
5.625%, 09/15/2016   500,000 568,940
Time Warner Cable, Inc.      
4.125%, 02/15/2021   480,000 447,947
Time Warner Companies, Inc.      
7.250%, 10/15/2017   1,040,000 1,222,043
7.570%, 02/01/2024   480,000 571,973
Time Warner Entertainment Company LP      
8.375%, 07/15/2033   970,000 1,185,780
Time Warner, Inc.      
7.625%, 04/15/2031   110,000 126,810
Toll Brothers Finance Corp.      
6.750%, 11/01/2019   220,000 226,907
Viacom, Inc.      
4.250%, 09/15/2015   220,000 229,496
4.500%, 03/01/2021   1,050,000 1,024,546
Vivendi SA      
5.750%, 04/04/2013 (S)   305,000 327,334
Volkswagen International Finance NV      
2.875%, 04/01/2016 (S)   530,000 521,633
Yum! Brands, Inc.      
6.250%, 03/15/2018   190,000 212,917
 
      19,220,665
Consumer Staples - 1.64%      
Altria Group, Inc.      
4.125%, 09/11/2015   300,000 311,380
8.500%, 11/10/2013   465,000 541,900
9.250%, 08/06/2019   955,000 1,244,807
Anheuser-Busch InBev Worldwide, Inc.      
6.875%, 11/15/2019   670,000 790,386
7.750%, 01/15/2019   450,000 552,899
Bacardi, Ltd.      
8.200%, 04/01/2019 (S)   620,000 773,931
Bottling Group LLC      
5.125%, 01/15/2019   450,000 492,233
Brown-Forman Corp.      
2.500%, 01/15/2016   500,000 493,759
5.000%, 02/01/2014   450,000 488,391

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Bunge Ltd. Finance Corp.      
4.100%, 03/15/2016 $ 500,000 $ 500,356
8.500%, 06/15/2019   300,000 355,806
Campbell Soup Company      
4.500%, 02/15/2019   600,000 627,151
Cargill, Inc.      
7.350%, 03/06/2019 (S)   475,000 571,899
Clorox Company      
5.950%, 10/15/2017   390,000 433,709
ConAgra Foods, Inc.      
5.819%, 06/15/2017   75,000 81,503
7.000%, 04/15/2019   300,000 339,905
9.750%, 03/01/2021   222,000 294,307
CVS Caremark Corp.      
6.125%, 08/15/2016   450,000 506,104
6.600%, 03/15/2019   370,000 423,874
CVS Pass-Through Trust      
8.353%, 07/10/2031 (S)   446,811 533,899
Diageo Capital PLC      
4.828%, 07/15/2020   717,000 740,031
Dr Pepper Snapple Group, Inc.      
2.900%, 01/15/2016   1,000,000 989,836
General Mills, Inc.      
5.650%, 02/15/2019   450,000 498,122
Kellogg Company      
4.150%, 11/15/2019   220,000 220,625
Kimberly-Clark Corp.      
3.875%, 03/01/2021   500,000 492,879
7.500%, 11/01/2018   330,000 411,243
Kraft Foods, Inc.      
4.125%, 02/09/2016   1,000,000 1,035,714
6.125%, 02/01/2018   650,000 725,446
6.750%, 02/19/2014   1,080,000 1,217,443
6.875%, 02/01/2038   280,000 310,430
Mead Johnson Nutrition Company      
4.900%, 11/01/2019   220,000 227,460
PepsiCo, Inc.      
5.500%, 01/15/2040   430,000 443,233
7.900%, 11/01/2018   67,000 84,919
Philip Morris International, Inc.      
4.500%, 03/26/2020   600,000 615,596
6.875%, 03/17/2014   390,000 447,250
Ralcorp Holdings, Inc.      
6.625%, 08/15/2039   470,000 482,458
SABMiller PLC      
6.500%, 07/15/2018 (S)   310,000 358,043
Safeway, Inc.      
6.250%, 03/15/2014   315,000 348,005
6.350%, 08/15/2017   520,000 580,564
Sysco Corp.      
5.375%, 03/17/2019   300,000 329,792
Tate & Lyle International Finance PLC      
5.000%, 11/15/2014 (S)   310,000 322,504
Tesco PLC      
6.150%, 11/15/2037 (S)   235,000 257,108
The Coca-Cola Company      
3.150%, 11/15/2020   480,000 445,875
The Kroger Company      
3.900%, 10/01/2015   220,000 227,976
6.400%, 08/15/2017   500,000 574,556
Wal-Mart Stores, Inc.      
4.125%, 02/01/2019   455,000 466,881
6.200%, 04/15/2038   585,000 642,262
7.550%, 02/15/2030   300,000 381,575

 

360

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Walgreen Company      
5.250%, 01/15/2019 $ 450,000 $ 494,088
      24,730,113
Energy - 2.63%      
Anadarko Petroleum Corp.      
6.450%, 09/15/2036   400,000 399,484
Apache Corp.      
3.625%, 02/01/2021   500,000 472,362
6.000%, 09/15/2013   295,000 326,107
BG Energy Capital PLC      
4.000%, 12/09/2020 (S)   620,000 600,595
Boardwalk Pipelines LP      
5.750%, 09/15/2019   380,000 403,725
BP Capital Markets PLC      
3.625%, 05/08/2014   2,000,000 2,075,398
4.500%, 10/01/2020   1,000,000 990,842
5.250%, 11/07/2013   270,000 291,782
Buckeye Partners LP      
4.875%, 02/01/2021   500,000 495,906
Cameron International Corp.      
7.000%, 07/15/2038   340,000 391,903
Canadian Natural Resources, Ltd.      
6.250%, 03/15/2038   440,000 473,480
Cenovus Energy, Inc.      
5.700%, 10/15/2019   220,000 243,945
Chevron Corp.      
4.950%, 03/03/2019   440,000 484,819
CNOOC Finance 2011, Ltd.      
4.250%, 01/26/2021 (S)   500,000 487,052
ConocoPhillips      
5.750%, 02/01/2019   455,000 514,282
DCP Midstream LLC      
9.700%, 12/01/2013 (S)   390,000 459,018
9.750%, 03/15/2019 (S)   475,000 611,657
Devon Financing Corp. ULC      
6.875%, 09/30/2011   400,000 412,224
7.875%, 09/30/2031   260,000 333,808
Diamond Offshore Drilling, Inc.      
5.875%, 05/01/2019   600,000 657,854
El Paso Natural Gas Company      
5.950%, 04/15/2017   535,000 587,978
Enbridge Energy Partners LP      
9.875%, 03/01/2019   530,000 692,115
EnCana Corp.      
6.500%, 08/15/2034   530,000 566,907
Energy Transfer Partners LP      
6.700%, 07/01/2018   500,000 565,582
Ensco PLC      
4.700%, 03/15/2021   590,000 584,902
Enterprise Products Operating LLC      
4.600%, 08/01/2012   300,000 312,082
6.650%, 04/15/2018   165,000 187,640
6.875%, 03/01/2033   250,000 273,867
9.750%, 01/31/2014   265,000 317,297
EOG Resources, Inc.      
4.100%, 02/01/2021   480,000 464,126
GlobalSantaFe Corp.      
5.000%, 02/15/2013   425,000 445,602
Halliburton Company      
6.150%, 09/15/2019   720,000 826,098
Hess Corp.      
8.125%, 02/15/2019   440,000 551,645
Kerr-McGee Corp.      
6.950%, 07/01/2024   530,000 585,206

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Kinder Morgan Energy Partners LP      
5.625%, 02/15/2015 $ 240,000 $ 264,465
5.850%, 09/15/2012   415,000 441,195
6.375%, 03/01/2041   590,000 595,093
6.500%, 09/01/2039   280,000 286,966
6.850%, 02/15/2020   500,000 572,073
7.300%, 08/15/2033   90,000 100,474
9.000%, 02/01/2019   265,000 335,903
Magellan Midstream Partners LP      
6.550%, 07/15/2019   350,000 398,581
Marathon Oil Corp.      
6.000%, 10/01/2017   143,000 160,706
Marathon Petroleum Corp.      
5.125%, 03/01/2021 (S)   500,000 503,216
Nabors Industries, Inc.      
9.250%, 01/15/2019   450,000 566,521
Nexen, Inc.      
6.200%, 07/30/2019   780,000 861,430
Noble Energy, Inc.      
6.000%, 03/01/2041   300,000 301,061
Noble Holding International, Ltd.      
6.050%, 03/01/2041   490,000 487,016
7.375%, 03/15/2014   370,000 421,533
Occidental Petroleum Corp.      
4.100%, 02/01/2021   500,000 494,428
ONEOK Partners LP      
6.650%, 10/01/2036   363,000 385,042
Pemex Project Funding Master Trust      
6.625%, 06/15/2035   230,000 230,550
7.375%, 12/15/2014   350,000 398,260
Petro-Canada      
5.950%, 05/15/2035   315,000 317,637
6.050%, 05/15/2018   500,000 562,213
Petrobras International Finance Company      
8.375%, 12/10/2018   825,000 993,673
Petroleos Mexicanos      
4.875%, 03/15/2015   700,000 745,500
5.500%, 01/21/2021   500,000 507,500
Plains All American Pipeline LP /      
PAA Finance Corp.      
5.000%, 02/01/2021   1,000,000 1,001,431
8.750%, 05/01/2019   300,000 374,861
Rockies Express Pipeline LLC      
3.900%, 04/15/2015 (S)   430,000 425,104
Shell International Finance BV      
6.375%, 12/15/2038   875,000 988,014
Statoil ASA      
3.125%, 08/17/2017   220,000 217,177
Talisman Energy, Inc.      
3.750%, 02/01/2021   480,000 445,862
6.250%, 02/01/2038   235,000 246,835
7.750%, 06/01/2019   300,000 365,689
Texas Eastern Transmission LP      
4.125%, 12/01/2020 (S)   500,000 482,763
6.000%, 09/15/2017 (S)   190,000 210,730
The Williams Companies, Inc.      
7.875%, 09/01/2021   490,000 609,055
Tosco Corp.      
8.125%, 02/15/2030   543,000 693,919
Total Capital SA      
3.125%, 10/02/2015   220,000 224,491
4.125%, 01/28/2021   400,000 396,318
4.250%, 12/15/2021   430,000 429,245
TransCanada PipeLines, Ltd.      
5.850%, 03/15/2036   630,000 640,449

 

361

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Transocean, Inc.      
6.800%, 03/15/2038 $ 460,000 $ 483,216
Valero Energy Corp.      
6.125%, 06/15/2017   475,000 524,610
7.500%, 04/15/2032   480,000 528,731
Weatherford International, Ltd.      
5.500%, 02/15/2016   430,000 460,963
6.000%, 03/15/2018   355,000 383,437
Williams Partners LP      
5.250%, 03/15/2020   610,000 635,610
 
      39,786,836
Financials - 9.75%      
AEGON Funding Company LLC      
5.750%, 12/15/2020   225,000 233,327
African Development Bank      
6.875%, 10/15/2015   210,000 244,307
Allied World Assurance Company      
Holdings, Ltd.      
7.500%, 08/01/2016   390,000 434,343
AMB Property LP      
6.300%, 06/01/2013   300,000 322,727
American Express Bank FSB      
3.150%, 12/09/2011   1,045,000 1,065,684
6.000%, 09/13/2017   925,000 1,023,573
American Express Company      
8.125%, 05/20/2019   490,000 610,601
American Express Credit Corp.      
2.750%, 09/15/2015   300,000 294,092
7.300%, 08/20/2013   380,000 424,621
American International Group, Inc.      
5.450%, 05/18/2017   900,000 922,501
Asian Development Bank      
5.593%, 07/16/2018   680,000 770,968
AXA SA      
8.600%, 12/15/2030   290,000 342,826
Bank of America Corp.      
2.100%, 04/30/2012   900,000 916,428
3.125%, 06/15/2012   525,000 541,230
3.625%, 03/17/2016   500,000 492,076
4.500%, 04/01/2015   220,000 228,118
5.420%, 03/15/2017   499,000 508,886
5.875%, 01/05/2021   500,000 521,315
6.500%, 08/01/2016   470,000 519,331
7.375%, 05/15/2014   250,000 282,093
Barclays Bank PLC      
5.125%, 01/08/2020   550,000 558,734
5.140%, 10/14/2020   600,000 567,121
5.200%, 07/10/2014   330,000 356,337
5.450%, 09/12/2012   450,000 477,077
BB&T Corp.      
5.200%, 12/23/2015   450,000 482,503
5.700%, 04/30/2014   600,000 661,930
Berkshire Hathaway Finance Corp.      
4.250%, 01/15/2021   490,000 489,043
5.400%, 05/15/2018   450,000 494,609
Berkshire Hathaway, Inc.      
3.200%, 02/11/2015   830,000 853,218
BNP Paribas      
3.250%, 03/11/2015   950,000 957,964
Boston Properties LP      
4.125%, 05/15/2021   480,000 455,790
BRE Properties, Inc.      
5.200%, 03/15/2021   465,000 471,947

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Burlington Northern Santa Fe LLC      
5.050%, 03/01/2041 $ 490,000 $ 451,076
Caisse Centrale Desjardins du Quebec      
2.650%, 09/16/2015 (S)   300,000 292,478
Capital One Bank USA NA      
8.800%, 07/15/2019   600,000 753,487
Capital One Financial Corp.      
5.700%, 09/15/2011   395,000 403,751
7.375%, 05/23/2014   690,000 791,302
Chubb Corp.      
5.750%, 05/15/2018   435,000 482,090
Citigroup Funding, Inc.      
1.875%, 11/15/2012   445,000 453,166
Citigroup, Inc.      
2.125%, 04/30/2012   915,000 932,242
2.875%, 12/09/2011   1,040,000 1,058,578
4.587%, 12/15/2015   500,000 516,156
5.500%, 04/11/2013   530,000 566,782
5.875%, 02/22/2033 to 05/29/2037   1,945,000 1,850,647
6.000%, 02/21/2012   1,190,000 1,243,123
6.125%, 11/21/2017   1,265,000 1,376,420
8.500%, 05/22/2019   460,000 566,889
CME Group, Inc.      
5.750%, 02/15/2014   360,000 398,069
CNA Financial Corp.      
5.750%, 08/15/2021   590,000 603,113
7.350%, 11/15/2019   440,000 496,284
Cooperatieve Centrale Raiffeisen-      
Boerenleenbank BA      
2.125%, 10/13/2015   300,000 288,969
4.500%, 01/11/2021   1,000,000 1,005,336
Credit Suisse AG      
5.400%, 01/14/2020   430,000 433,688
Credit Suisse Guernsey, Ltd. (5.860% to      
05/01/2017, then 3 month LIBOR + 1.690%)    
02/15/2017 (Q)   250,000 242,500
Credit Suisse USA, Inc.      
4.875%, 01/15/2015   690,000 740,382
6.500%, 01/15/2012   787,000 823,211
Credit Suisse/New York      
5.500%, 05/01/2014   1,500,000 1,642,757
Deutsche Bank AG      
3.250%, 01/11/2016   1,000,000 1,002,602
3.875%, 08/18/2014   850,000 885,444
4.875%, 05/20/2013   1,150,000 1,221,965
Discover Financial Services      
10.250%, 07/15/2019   400,000 513,978
Dresdner Bank AG      
7.250%, 09/15/2015   270,000 289,138
Duke Realty LP      
5.950%, 02/15/2017   225,000 242,442
ERAC USA Finance LLC      
2.250%, 01/10/2014 (S)   500,000 498,400
5.250%, 10/01/2020 (S)   440,000 452,380
ERP Operating LP      
4.750%, 07/15/2020   600,000 606,593
5.750%, 06/15/2017   591,000 649,932
European Investment Bank      
1.750%, 09/14/2012   1,180,000 1,197,023
2.375%, 03/14/2014   910,000 931,424
3.125%, 07/15/2011   2,000,000 2,015,534
4.625%, 05/15/2014 to 10/20/2015   1,669,000 1,824,136
4.875%, 01/17/2017   905,000 1,001,023
Export-Import Bank of Korea      
4.000%, 01/29/2021   300,000 273,225

 

362

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Fifth Third Bancorp      
3.625%, 01/25/2016 $ 500,000 $ 498,686
5.450%, 01/15/2017   590,000 610,768
FIH Erhvervsbank A/S      
2.450%, 08/17/2012 (S)   470,000 478,310
First Horizon National Corp.      
5.375%, 12/15/2015   500,000 521,524
FleetBoston Financial Corp.      
6.700%, 07/15/2028   500,000 512,447
General Electric Capital Corp.      
2.200%, 06/08/2012   450,000 459,193
3.000%, 12/09/2011   525,000 534,786
5.250%, 10/19/2012   2,740,000 2,904,079
5.300%, 02/11/2021   500,000 507,061
5.625%, 09/15/2017   1,735,000 1,880,178
6.000%, 08/07/2019   350,000 381,613
6.750%, 03/15/2032   980,000 1,076,864
6.875%, 01/10/2039   950,000 1,060,193
Genworth Financial, Inc.      
7.200%, 02/15/2021   1,100,000 1,090,935
Harley-Davidson Funding Corp.      
5.750%, 12/15/2014 (S)   440,000 470,963
Hartford Financial Services Group, Inc.      
5.950%, 10/15/2036   230,000 215,964
HBOS PLC      
6.750%, 05/21/2018 (S)   200,000 195,570
HCP, Inc.      
5.375%, 02/01/2021   500,000 504,177
Health Care REIT, Inc.      
4.950%, 01/15/2021   480,000 461,200
5.250%, 01/15/2022   300,000 292,225
Healthcare Realty Trust, Inc.      
5.750%, 01/15/2021   500,000 512,016
Hospitality Properties Trust      
7.875%, 08/15/2014   410,000 457,588
HSBC Bank USA NA      
5.875%, 11/01/2034   250,000 244,656
HSBC Finance Corp.      
6.676%, 01/15/2021 (S)   1,109,000 1,149,476
HSBC Holdings PLC      
6.500%, 09/15/2037   905,000 922,870
ING Bank NV      
3.000%, 09/01/2015 (S)   450,000 439,440
Inter-American Development Bank      
7.000%, 06/15/2025   265,000 330,359
International Bank for Reconstruction      
& Development      
3.625%, 05/21/2013   300,000 316,000
8.625%, 10/15/2016   415,000 531,075
International Finance Corp.      
3.500%, 05/15/2013   325,000 343,244
John Deere Capital Corp.      
4.950%, 12/17/2012   740,000 788,948
5.100%, 01/15/2013   540,000 577,865
5.250%, 10/01/2012   500,000 531,139
JPMorgan Chase & Company      
3.125%, 12/01/2011   1,100,000 1,120,829
4.750%, 05/01/2013   670,000 711,320
6.400%, 05/15/2038   2,640,000 2,916,788
KeyCorp      
3.750%, 08/13/2015   450,000 453,977
5.100%, 03/24/2021   500,000 496,146
6.500%, 05/14/2013   500,000 544,645
Kimco Realty Corp.      
6.875%, 10/01/2019   410,000 477,755

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Kreditanstalt fuer Wiederaufbau      
3.250%, 10/14/2011 to 03/15/2013 $ 4,450,000 $ 4,579,178
4.375%, 03/15/2018   1,680,000 1,802,563
5.125%, 03/14/2016   1,105,000 1,236,308
Landwirtschaftliche Rentenbank      
5.125%, 02/01/2017   315,000 352,555
Lincoln National Corp.      
5.650%, 08/27/2012   225,000 237,882
7.000%, 06/15/2040   300,000 342,430
Lloyds TSB Bank PLC      
6.500%, 09/14/2020 (S)   500,000 491,007
Macquarie Group, Ltd.      
6.250%, 01/14/2021 (S)   1,000,000 1,009,342
Marsh & McLennan Companies, Inc.      
5.750%, 09/15/2015   450,000 488,052
MassMutual Global Funding II      
2.300%, 09/28/2015 (S)   300,000 289,848
MBNA Corp.      
5.000%, 06/15/2015   600,000 627,868
Merrill Lynch & Company, Inc.      
5.450%, 07/15/2014   885,000 946,103
6.875%, 04/25/2018 to 11/15/2018   1,372,000 1,529,101
7.750%, 05/14/2038   1,250,000 1,435,240
MetLife, Inc.      
6.750%, 06/01/2016   300,000 346,223
6.817%, 08/15/2018   1,150,000 1,327,645
Metropolitan Life Global Funding I      
3.125%, 01/11/2016 (S)   500,000 494,791
Moody’s Corp.      
5.500%, 09/01/2020   450,000 455,909
Morgan Stanley      
2.250%, 03/13/2012   440,000 447,613
3.250%, 12/01/2011   525,000 535,475
5.300%, 03/01/2013   2,020,000 2,145,753
5.950%, 12/28/2017   865,000 927,712
6.625%, 04/01/2018   993,000 1,089,581
7.300%, 05/13/2019   1,340,000 1,505,305
National Australia Bank, Ltd.      
4.375%, 12/10/2020 (S)   650,000 622,936
National Rural Utilities Cooperative      
Finance Corp.      
10.375%, 11/01/2018   360,000 491,092
Nomura Holdings, Inc.      
4.125%, 01/19/2016   990,000 978,305
Nordic Investment Bank      
2.375%, 12/15/2011   520,000 527,216
Northern Trust Corp.      
3.450%, 11/04/2020   480,000 454,743
Oesterreichische Kontrollbank AG      
4.875%, 02/16/2016   485,000 534,393
PartnerRe Finance A LLC      
6.875%, 06/01/2018   500,000 547,591
PartnerRe Finance B LLC      
5.500%, 06/01/2020   430,000 429,966
Plum Creek Timberlands LP      
4.700%, 03/15/2021   300,000 288,458
PNC Funding Corp.      
2.300%, 06/22/2012   530,000 541,364
4.250%, 09/21/2015   290,000 304,474
5.625%, 02/01/2017   450,000 487,552
6.700%, 06/10/2019   460,000 534,393
ProLogis      
5.625%, 11/15/2016   180,000 188,302
7.625%, 08/15/2014   940,000 1,074,538

 

363

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Prudential Financial, Inc.      
3.875%, 01/14/2015 $ 220,000 $ 227,196
4.500%, 11/15/2020   300,000 293,399
4.750%, 04/01/2014 to 09/17/2015   1,090,000 1,158,404
5.375%, 06/21/2020   440,000 457,507
Realty Income Corp.      
5.950%, 09/15/2016   135,000 147,643
Regency Centers LP      
4.800%, 04/15/2021   250,000 243,750
Royal Bank of Canada      
2.100%, 07/29/2013   1,190,000 1,212,962
Royal Bank of Scotland Group PLC      
5.000%, 11/12/2013   372,000 376,985
Senior Housing Properties Trust      
4.300%, 01/15/2016   980,000 971,599
Simon Property Group LP      
5.650%, 02/01/2020   650,000 698,989
5.875%, 03/01/2017   245,000 271,518
SLM Corp.      
8.000%, 03/25/2020   600,000 654,000
Societe Generale      
3.500%, 01/15/2016 (S)   620,000 611,119
State Street Corp.      
2.150%, 04/30/2012   440,000 447,743
SunTrust Banks, Inc.      
3.600%, 04/15/2016   500,000 496,362
6.000%, 09/11/2017   450,000 494,969
The Allstate Corp.      
5.950%, 04/01/2036   455,000 462,125
7.450%, 05/16/2019   310,000 367,769
The Bank of New York Mellon Corp.      
2.500%, 01/15/2016   300,000 297,374
4.500%, 04/01/2013   675,000 719,030
The Bear Stearns Companies LLC      
7.250%, 02/01/2018   1,590,000 1,849,676
The Goldman Sachs Group, Inc.      
3.250%, 06/15/2012   610,000 630,061
5.500%, 11/15/2014   1,060,000 1,151,863
6.125%, 02/15/2033   530,000 539,910
6.150%, 04/01/2018   1,030,000 1,114,795
7.500%, 02/15/2019   1,600,000 1,856,141
The Nasdaq OMX Group, Inc.      
5.250%, 01/16/2018   500,000 499,394
The Royal Bank of Scotland PLC      
4.875%, 03/16/2015   1,240,000 1,287,487
The Travelers Companies, Inc.      
5.500%, 12/01/2015   330,000 365,223
5.900%, 06/02/2019   460,000 508,108
6.250%, 06/20/2016   370,000 416,687
Toyota Motor Credit Corp.      
5.450%, 05/18/2011   475,000 478,029
U.S. Bank NA      
6.375%, 08/01/2011   400,000 407,735
U.S. Bank NA (3.778% to 04/29/2015 then      
3 month LIBOR + 2.003%)      
04/29/2020   450,000 457,772
UBS AG/Stamford CT      
5.750%, 04/25/2018   795,000 854,991
Union Bank NA      
5.950%, 05/11/2016   500,000 528,926
Unitrin, Inc.      
6.000%, 11/30/2015   960,000 1,002,293
US Bancorp      
2.250%, 03/13/2012   440,000 447,905
2.450%, 07/27/2015   440,000 434,307

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
US Bancorp (continued)      
4.200%, 05/15/2014 $ 310,000 $ 329,723
US Central Federal Credit Union      
1.900%, 10/19/2012   450,000 458,260
Ventas Realty LP/Ventas Capital Corp.      
3.125%, 11/30/2015   300,000 290,681
Vornado Realty LP      
4.250%, 04/01/2015   430,000 439,655
Wachovia Bank NA      
4.875%, 02/01/2015   1,100,000 1,169,805
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
7.500%, 06/02/2014 (S)   900,000 1,029,221
Wells Fargo & Company      
2.125%, 06/15/2012   300,000 305,671
3.000%, 12/09/2011   525,000 534,822
3.750%, 10/01/2014   920,000 963,030
5.000%, 11/15/2014   450,000 480,435
5.625%, 12/11/2017   800,000 872,454
6.375%, 08/01/2011   1,090,000 1,109,922
Wells Fargo Bank NA      
5.950%, 08/26/2036   1,574,000 1,618,184
Westpac Banking Corp.      
3.000%, 12/09/2015   740,000 734,551
Willis North America, Inc.      
7.000%, 09/29/2019   340,000 367,736
Xstrata Finance Canada, Ltd.      
5.800%, 11/15/2016 (S)   450,000 497,708
 
      147,358,338
Health Care - 1.09%      
Abbott Laboratories      
4.125%, 05/27/2020   440,000 440,813
4.350%, 03/15/2014   540,000 579,820
5.875%, 05/15/2016   195,000 222,802
Aetna, Inc.      
3.950%, 09/01/2020   450,000 433,915
6.000%, 06/15/2016   450,000 505,979
Amgen, Inc.      
5.700%, 02/01/2019   415,000 463,218
5.750%, 03/15/2040   300,000 305,533
AstraZeneca PLC      
5.900%, 09/15/2017   465,000 530,028
Baxter International, Inc.      
5.900%, 09/01/2016   225,000 258,822
Becton Dickinson and Company      
3.250%, 11/12/2020   480,000 446,781
Bristol-Myers Squibb Company      
6.800%, 11/15/2026   280,000 339,867
Celgene Corp.      
3.950%, 10/15/2020   300,000 282,654
Covidien International Finance SA      
6.000%, 10/15/2017   500,000 568,940
CR Bard, Inc.      
2.875%, 01/15/2016   620,000 619,684
Eli Lilly & Company      
7.125%, 06/01/2025   340,000 427,551
Express Scripts, Inc.      
6.250%, 06/15/2014   300,000 332,993
Gilead Sciences, Inc.      
4.500%, 04/01/2021   530,000 522,868
GlaxoSmithKline Capital, Inc.      
4.375%, 04/15/2014   577,000 620,883
6.375%, 05/15/2038   310,000 349,391

 

364

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Health Care (continued)      
Howard Hughes Medical Institute      
3.450%, 09/01/2014 $ 470,000 $ 496,390
Johnson & Johnson      
5.550%, 08/15/2017   150,000 171,874
5.850%, 07/15/2038   365,000 406,211
Laboratory Corp. of America Holdings      
4.625%, 11/15/2020   550,000 549,765
Life Technologies Corp.      
5.000%, 01/15/2021   490,000 489,184
Mckesson Corp.      
4.750%, 03/01/2021   300,000 303,772
Medtronic, Inc.      
5.600%, 03/15/2019   315,000 349,520
Merck & Company, Inc.      
5.300%, 12/01/2013   380,000 418,263
5.750%, 11/15/2036   600,000 644,603
Novartis Securities Investment, Ltd.      
5.125%, 02/10/2019   365,000 394,702
Pharmacia Corp.      
6.500%, 12/01/2018   450,000 520,665
Quest Diagnostics, Inc.      
5.450%, 11/01/2015   134,000 146,071
Roche Holdings, Inc.      
6.000%, 03/01/2019 (S)   330,000 373,548
St. Jude Medical, Inc.      
4.875%, 07/15/2019   230,000 241,075
UnitedHealth Group, Inc.      
4.875%, 03/15/2015   48,000 51,941
5.800%, 03/15/2036   510,000 506,654
WellPoint, Inc.      
6.375%, 06/15/2037   170,000 182,825
7.000%, 02/15/2019   500,000 591,869
Wyeth      
5.500%, 03/15/2013   660,000 714,938
6.000%, 02/15/2036   600,000 644,596
 
      16,451,008
Industrials - 1.47%      
3M Company      
4.375%, 08/15/2013   350,000 377,487
Allied Waste North America, Inc.      
6.875%, 06/01/2017   460,000 501,400
American Airlines 2011-1 Class A Pass      
Through Trust      
5.250%, 01/31/2021   500,000 485,000
BAE Systems Holdings, Inc.      
6.375%, 06/01/2019 (S)   600,000 673,000
Burlington Northern Santa Fe LLC      
4.700%, 10/01/2019   370,000 385,779
7.000%, 02/01/2014   525,000 596,959
Canadian National Railway Company      
6.375%, 10/15/2011   250,000 258,098
Canadian Pacific Railway Company      
4.450%, 03/15/2023   470,000 453,507
Caterpillar Financial Services Corp.      
6.125%, 02/17/2014   560,000 630,270
Caterpillar, Inc.      
7.900%, 12/15/2018   1,010,000 1,294,910
CSX Corp.      
3.700%, 10/30/2020   530,000 498,887
6.250%, 04/01/2015   625,000 705,593
7.375%, 02/01/2019   450,000 543,135
Danaher Corp.      
5.400%, 03/01/2019   310,000 340,316

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Emerson Electric Company      
4.875%, 10/15/2019 $ 340,000 $ 361,819
FedEx Corp.      
8.000%, 01/15/2019   225,000 278,624
GATX Corp.      
4.750%, 05/15/2015   330,000 343,986
General Dynamics Corp.      
5.250%, 02/01/2014   395,000 436,340
General Electric Company      
5.000%, 02/01/2013   1,425,000 1,517,321
Honeywell International, Inc.      
3.875%, 02/15/2014   445,000 474,483
Ingersoll-Rand Global Holding Company, Ltd.    
6.875%, 08/15/2018   450,000 521,641
Koninklijke Philips Electronics NV      
6.875%, 03/11/2038   500,000 593,282
L-3 Communications Corp.      
4.750%, 07/15/2020   300,000 298,423
Lockheed Martin Corp., Series B      
6.150%, 09/01/2036   300,000 326,502
Norfolk Southern Corp.      
5.900%, 06/15/2019   300,000 339,967
7.050%, 05/01/2037   430,000 520,069
Northrop Grumman Corp.      
3.500%, 03/15/2021   1,200,000 1,110,626
Pitney Bowes, Inc.      
6.250%, 03/15/2019   250,000 271,344
Roper Industries, Inc.      
6.250%, 09/01/2019   220,000 242,319
Siemens Financieringsmaatschappij NV      
6.125%, 08/17/2026 (S)   354,000 398,366
Snap-On, Inc.      
6.125%, 09/01/2021   470,000 511,273
The Boeing Company      
8.750%, 09/15/2031   405,000 545,767
Tyco International Finance SA      
8.500%, 01/15/2019   320,000 412,433
Union Pacific Corp.      
4.000%, 02/01/2021   440,000 431,567
6.625%, 02/01/2029   390,000 449,831
United Parcel Service, Inc.      
5.500%, 01/15/2018   320,000 357,307
United Technologies Corp.      
5.375%, 12/15/2017   415,000 465,984
6.125%, 02/01/2019   1,310,000 1,526,058
Waste Management, Inc.      
4.600%, 03/01/2021   590,000 588,579
6.125%, 11/30/2039   330,000 342,509
7.375%, 03/11/2019   615,000 739,511
 
      22,150,272
Information Technology - 0.84%      
Cisco Systems, Inc.      
3.150%, 03/14/2017   530,000 526,775
5.500%, 02/22/2016   300,000 336,264
5.900%, 02/15/2039   830,000 861,262
Computer Sciences Corp.      
6.500%, 03/15/2018   600,000 650,879
Dell, Inc.      
4.700%, 04/15/2013   450,000 478,960
5.400%, 09/10/2040   450,000 417,551
5.875%, 06/15/2019   300,000 328,633
eBay, Inc.      
3.250%, 10/15/2020   470,000 429,278

 

365

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Information Technology (continued)      
Hewlett-Packard Company      
2.125%, 09/13/2015 $ 450,000 $ 440,534
3.750%, 12/01/2020   480,000 460,398
4.750%, 06/02/2014   475,000 516,038
5.500%, 03/01/2018   250,000 277,104
International Business Machines Corp.      
2.000%, 01/05/2016   650,000 631,242
5.600%, 11/30/2039   385,000 402,477
6.500%, 10/15/2013   1,045,000 1,175,742
Microsoft Corp.      
2.950%, 06/01/2014   445,000 462,733
Motorola Solutions, Inc.      
6.000%, 11/15/2017   340,000 371,506
Oracle Corp.      
5.750%, 04/15/2018   570,000 637,175
6.125%, 07/08/2039   430,000 459,252
SAIC, Inc.      
4.450%, 12/01/2020 (S)   500,000 502,323
Science Applications International Corp.      
5.500%, 07/01/2033   300,000 297,877
Tyco Electronics Group SA      
4.875%, 01/15/2021   250,000 255,744
6.550%, 10/01/2017   600,000 685,576
Xerox Corp.      
5.650%, 05/15/2013   500,000 538,156
6.750%, 12/15/2039   430,000 488,574
 
      12,632,053
Materials - 0.89%      
Agrium, Inc.      
6.750%, 01/15/2019   490,000 566,157
Alcoa, Inc.      
6.750%, 07/15/2018   485,000 536,161
Anglo American Capital PLC      
9.375%, 04/08/2019 (S)   600,000 798,683
ArcelorMittal      
5.375%, 06/01/2013   990,000 1,052,081
6.125%, 06/01/2018   620,000 656,129
6.750%, 03/01/2041   700,000 685,509
BHP Billiton Finance USA Ltd.      
6.500%, 04/01/2019   500,000 589,620
6.750%, 11/01/2013   159,000 179,071
Cliffs Natural Resources, Inc.      
4.875%, 04/01/2021   530,000 521,960
Commercial Metals Company      
7.350%, 08/15/2018   450,000 468,436
CRH America, Inc.      
8.125%, 07/15/2018   330,000 387,799
E.I. du Pont de Nemours & Company      
3.625%, 01/15/2021   1,410,000 1,336,773
5.875%, 01/15/2014   67,000 74,214
International Paper Company      
8.700%, 06/15/2038   250,000 320,487
POSCO      
4.250%, 10/28/2020 (S)   470,000 441,062
Potash Corp. of Saskatchewan, Inc.      
4.875%, 03/30/2020   130,000 134,639
5.625%, 12/01/2040   300,000 300,018
PPG Industries, Inc.      
3.600%, 11/15/2020   480,000 451,229
Praxair, Inc.      
4.375%, 03/31/2014   620,000 663,964
Rio Tinto Alcan, Inc.      
6.125%, 12/15/2033   360,000 379,782

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials (continued)      
Rio Tinto Finance USA, Ltd.      
6.500%, 07/15/2018 $ 434,000 $ 499,231
The Dow Chemical Company      
5.700%, 05/15/2018   230,000 247,430
5.900%, 02/15/2015   350,000 387,419
9.400%, 05/15/2039   250,000 371,216
The Sherwin-Williams Company      
3.125%, 12/15/2014   220,000 229,181
Vale Overseas, Ltd.      
6.250%, 01/23/2017   800,000 889,236
6.875%, 11/10/2039   240,000 256,435
 
      13,423,922
Telecommunication Services - 1.39%      
America Movil SAB de CV      
5.000%, 03/30/2020   920,000 947,514
5.000%, 03/30/2020 (S)   448,000 468,931
American Tower Corp.      
4.500%, 01/15/2018   490,000 480,446
Ameritech Capital Funding Corp.      
6.875%, 10/15/2027   240,000 255,645
AT&T Corp.      
8.000%, 11/15/2031   13,000 16,277
AT&T, Inc.      
5.350%, 09/01/2040 (S)   435,000 389,324
5.625%, 06/15/2016   400,000 446,874
6.300%, 01/15/2038   1,150,000 1,158,189
6.700%, 11/15/2013   685,000 770,372
BellSouth Corp.      
6.875%, 10/15/2031   735,000 798,985
British Telecommunications PLC      
5.950%, 01/15/2018   270,000 297,600
9.875%, 12/15/2030   250,000 345,595
CenturyTel, Inc.      
7.600%, 09/15/2039   310,000 331,834
COX Communications, Inc.      
9.375%, 01/15/2019 (S)   605,000 784,964
Deutsche Telekom International Finance BV      
8.750%, 06/15/2030   725,000 949,946
France Telecom SA      
8.500%, 03/01/2031   460,000 618,559
NBCUniversal Media LLC      
5.150%, 04/30/2020 (S)   450,000 463,123
Qwest Corp.      
8.375%, 05/01/2016   510,000 606,900
Telecom Italia Capital SA      
5.250%, 11/15/2013   730,000 770,141
7.721%, 06/04/2038   450,000 476,387
Telefonica Emisiones SAU      
6.221%, 07/03/2017   210,000 228,752
Telefonica Europe BV      
8.250%, 09/15/2030   500,000 603,685
Verizon Communications, Inc.      
4.600%, 04/01/2021   1,070,000 1,064,069
5.250%, 04/15/2013   1,025,000 1,103,792
6.900%, 04/15/2038   1,335,000 1,480,483
Verizon Global Funding Corp.      
7.375%, 09/01/2012   450,000 489,323
Verizon Wireless Capital LLC      
7.375%, 11/15/2013   470,000 535,985
8.500%, 11/15/2018   380,000 487,770
Vodafone Group PLC      
3.375%, 11/24/2015   1,100,000 1,117,225
4.375%, 03/16/2021   1,070,000 1,049,257
5.375%, 01/30/2015   795,000 874,386

 

366

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
Vodafone Group PLC (continued)      
5.450%, 06/10/2019 $ 480,000 $ 523,924
      20,936,257
Utilities - 1.63%      
Ameren Illinois Company      
6.250%, 04/01/2018   600,000 655,973
CenterPoint Energy Resources Corp.      
4.500%, 01/15/2021 (S)   319,000 312,311
Consolidated Edison Company of      
New York, Inc.      
6.650%, 04/01/2019   930,000 1,095,715
7.125%, 12/01/2018   390,000 470,518
Constellation Energy Group, Inc.      
5.150%, 12/01/2020   490,000 485,560
7.600%, 04/01/2032   180,000 204,209
Dominion Resources, Inc.      
5.000%, 03/15/2013   410,000 438,278
5.200%, 08/15/2019   710,000 755,982
DTE Energy Company      
6.350%, 06/01/2016   330,000 370,520
Duke Energy Carolinas LLC      
5.625%, 11/30/2012   400,000 428,244
6.000%, 01/15/2038   300,000 324,228
7.000%, 11/15/2018   390,000 466,948
E.ON International Finance BV      
5.800%, 04/30/2018 (S)   595,000 661,140
Enel Finance International NV      
5.125%, 10/07/2019 (S)   670,000 674,819
6.000%, 10/07/2039 (S)   220,000 199,906
6.250%, 09/15/2017 (S)   250,000 273,355
Entergy Corp.      
5.125%, 09/15/2020   470,000 458,147
Entergy Texas, Inc.      
7.125%, 02/01/2019   225,000 261,790
Exelon Generation Company LLC      
4.000%, 10/01/2020   1,000,000 913,116
6.250%, 10/01/2039   220,000 215,023
FirstEnergy Corp.      
6.450%, 11/15/2011   9,000 9,267
7.375%, 11/15/2031   450,000 487,123
FirstEnergy Solutions Corp.      
6.050%, 08/15/2021   350,000 362,226
Florida Power & Light Company      
5.650%, 02/01/2037   460,000 474,314
Georgia Power Company      
4.250%, 12/01/2019   220,000 224,951
5.950%, 02/01/2039   455,000 483,014
Indiana Michigan Power Company      
6.050%, 03/15/2037   445,000 461,395
Israel Electric Corp., Ltd.      
7.250%, 01/15/2019 (S)   520,000 551,906
Kansas City Power & Light Company      
7.150%, 04/01/2019   630,000 737,765
KeySpan Corp.      
8.000%, 11/15/2030   455,000 557,599
MidAmerican Energy Holdings Company      
8.480%, 09/15/2028   565,000 724,325
NextEra Energy Capital Holdings, Inc.      
7.875%, 12/15/2015   395,000 468,056
NiSource Finance Corp.      
6.800%, 01/15/2019   500,000 571,238
Oglethorpe Power Corp.      
5.375%, 11/01/2040   480,000 449,748

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Oncor Electric Delivery Company LLC      
7.500%, 09/01/2038 $ 260,000 $ 311,158
Pacific Gas & Electric Company      
3.500%, 10/01/2020   450,000 416,542
6.050%, 03/01/2034   390,000 406,089
6.250%, 12/01/2013   620,000 684,540
PacifiCorp      
6.000%, 01/15/2039   450,000 483,548
Peco Energy Company      
5.000%, 10/01/2014   600,000 657,328
Pennsylvania Electric Company      
5.200%, 04/01/2020   450,000 459,062
Progress Energy, Inc.      
4.400%, 01/15/2021   490,000 485,746
7.050%, 03/15/2019   600,000 706,933
Public Service Electric & Gas Company      
6.330%, 11/01/2013   525,000 585,324
San Diego Gas & Electric Company      
6.125%, 09/15/2037   272,000 303,963
Southern California Edison Company      
5.350%, 07/15/2035   545,000 544,658
Southern Company      
2.375%, 09/15/2015   790,000 775,729
Southwestern Public Service Company      
8.750%, 12/01/2018   355,000 443,399
Virginia Electric and Power Company      
3.450%, 09/01/2022   450,000 409,322
8.875%, 11/15/2038   240,000 347,817
Wisconsin Electric Power Company      
6.000%, 04/01/2014   360,000 402,210
 
      24,652,077
TOTAL CORPORATE BONDS (Cost $320,858,011) $ 341,341,541
 
CAPITAL PREFERRED SECURITIES - 0.15%    
Financials - 0.05%      
Goldman Sachs Capital II (5.793% to      
06/01/2012, then 3 month LIBOR + 0.768%)    
, 0.00%, 06/01/2012 (Q)   930,000 802,125
Industrials - 0.10%      
Hutchison Whampoa International 10, Ltd.      
(6.000% to 10/28/2015, then 3 month      
LIBOR + 5.635%) ,      
0.00%, 10/28/2015 (Q)(S)   1,520,000 1,544,700
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $2,250,120)   $ 2,346,825
 
MUNICIPAL BONDS - 0.52%      
California - 0.11%      
State of California      
7.500%, 04/01/2034 $ 1,040,000 $ 1,122,794
University of California      
5.770%, 05/15/2043   500,000 482,975
 
      1,605,769
District of Columbia - 0.01%      
Metropolitan Washington Airports Authority      
7.462%, 10/01/2046   240,000 234,886
Georgia - 0.03%      
Municipal Electric Authority of Georgia      
6.637%, 04/01/2057   450,000 427,946
Illinois - 0.08%      
Illinois State Toll Highway Authority      
6.184%, 01/01/2034   300,000 290,163

 

367

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
MUNICIPAL BONDS (continued)      
Illinois (continued)      
State of Illinois      
5.100%, 06/01/2033 $ 570,000 $ 461,033
7.350%, 07/01/2035   420,000 431,999
 
      1,183,195
Maryland - 0.03%      
Maryland State Transportation Authority      
5.888%, 07/01/2043   430,000 447,535
New Jersey - 0.06%      
New Jersey State Turnpike Authority      
7.102%, 01/01/2041   790,000 855,452
New York - 0.06%      
New York State Dormitory Authority      
5.628%, 03/15/2039   470,000 460,172
New York State Urban Development Corp.      
5.770%, 03/15/2039   440,000 443,036
 
      903,208
North Carolina - 0.03%      
North Carolina Turnpike Authority      
6.700%, 01/01/2039   400,000 412,608
Texas - 0.05%      
State of Texas      
5.517%, 04/01/2039   380,000 386,935
Texas Transportation Commission      
5.178%, 04/01/2030   450,000 442,949
 
      829,884
Utah - 0.05%      
State of Utah      
3.539%, 07/01/2025   560,000 518,308
4.554%, 07/01/2024   220,000 224,026
 
      742,334
Washington - 0.01%      
State of Washington      
5.481%, 08/01/2039   220,000 218,759
TOTAL MUNICIPAL BONDS (Cost $7,891,338) $ 7,861,576
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 3.41%      
Commercial & Residential - 3.41%      
Banc of America Commercial Mortgage, Inc.    
Series 2004-6, Class A3,      
4.512%, 12/10/2042   1,270,000 1,282,871
Series 2006-5, Class A3,      
5.390%, 09/10/2047   880,000 898,804
Series 2006-1, Class AM,      
5.421%, 09/10/2045 (P)   200,000 205,709
Series 2006-4, Class A4,      
5.634%, 07/10/2046   580,000 623,863
Series 2006-3, Class A4,      
5.889%, 07/10/2044 (P)   1,300,000 1,404,374
Bear Stearns Commercial Mortgage Securities    
Series 2005-T20, Class A3,      
5.149%, 10/12/2042 (P)   1,000,000 1,034,827
Series 2006-PW11, Class AM,      
5.455%, 03/11/2039 (P)   200,000 208,041
Series 2006-PW12, Class A4,      
5.723%, 09/11/2038 (P)   745,000 816,072
Citigroup Commercial Mortgage Trust,      
Series 2006-C4, Class A1      
5.733%, 03/15/2049 (P)   67,201 67,137

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Citigroup/Deutsche Bank      
Commercial Mortgage Trust      
Series 2006-CD2, Class A4,      
5.346%, 01/15/2046 (P) $ 1,310,000 $ 1,404,172
Series 2006-CD2, Class AM,      
5.393%, 01/15/2046 (P)   200,000 202,740
Series 2006-CD3, Class A5,      
5.617%, 10/15/2048   1,680,000 1,803,306
Commercial Mortgage Pass Through      
Certificates, Series 2004-LB4A, Class A4      
4.584%, 10/15/2037   1,680,000 1,698,320
Credit Suisse First Boston Mortgage      
Securities Corp., Series 2005-C3, Class A3    
4.645%, 07/15/2037   390,000 404,297
GE Capital Commercial Mortgage Corp.      
Series 2005-C1, Class A2,      
4.353%, 06/10/2048   701,151 702,250
Series 2005-C1, Class A3,      
4.578%, 06/10/2048   620,000 635,617
GMAC Commercial Mortgage Securities, Inc.    
Series 2003-C3, Class A4,      
5.023%, 04/10/2040   1,840,000 1,956,157
Series 2004-C2, Class A3,      
5.134%, 08/10/2038   1,880,000 1,966,874
GS Mortgage Securities Corp. II,      
Series 2007-GG10, Class A4      
5.808%, 08/10/2045 (P)   2,550,000 2,703,642
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2005-LDP2, Class A4,      
4.738%, 07/15/2042   2,065,000 2,174,616
Series 2004-CBX, Class A6,      
4.899%, 01/12/2037   1,170,000 1,242,723
Series 2005-LDP4, Class A4,      
4.918%, 10/15/2042 (P)   940,000 993,938
Series 2005-CB11, Class A3,      
5.197%, 08/12/2037   535,000 547,453
Series 2005-LDP5, Class A4,      
5.202%, 12/15/2044 (P)   860,000 920,443
Series 2005-CB13, Class A3A1,      
5.280%, 01/12/2043 (P)   500,000 517,868
Series 2006-LDP8, Class AM,      
5.440%, 05/15/2045   485,000 499,994
Series 2006-LDP8, Class A3B,      
5.447%, 05/15/2045   205,000 211,372
Series 2006-CB14, Class A3A,      
5.491%, 12/12/2044 (P)(S)   1,860,000 1,905,036
LB Commercial Conduit Mortgage Trust,      
Series 2007-C3, Class A4      
5.928%, 07/15/2044 (P)   1,290,000 1,378,674
LB-UBS Commercial Mortgage Trust      
Series 2005-C1, Class A2,      
4.310%, 02/15/2030   164,524 164,566
Series 2006-C7, Class A3,      
5.347%, 11/15/2038   2,068,000 2,184,694
Series 2007-C2, Class A3,      
5.430%, 02/15/2040   1,400,000 1,473,123
Merrill Lynch Mortgage Trust,      
Series 2008-C1, Class A4      
5.690%, 02/12/2051   460,000 486,684
Merrill Lynch/Countrywide Commercial      
Mortgage Trust, Series 2007-8, Class A2      
5.928%, 08/12/2049 (P)   2,450,000 2,534,425

 

368

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Morgan Stanley Capital I      
Series 2004-HQ3, Class A4,      
4.800%, 01/13/2041 $ 1,890,000 $ 2,001,631
Series 2005-HQ6, Class A2A,      
4.882%, 08/13/2042   1,357,880 1,372,324
Series 2011, Class C10,      
5.033%, 09/15/2047 (P)(S)   1,770,000 1,833,778
Series 2006-T21, Class A2,      
5.090%, 10/12/2052   240,261 240,027
Series 2007-T25, Class A3,      
5.514%, 11/12/2049 (P)   2,940,000 3,156,446
Series 2007-T27, Class A4,      
5.646%, 06/11/2042 (P)   3,580,000 3,926,046
Series 2006-T23, Class A2,      
5.737%, 08/12/2041 (P)   640,000 675,651
Wachovia Bank Commercial Mortgage Trust    
Series 2004-C12, Class A2,      
5.001%, 07/15/2041   292,036 292,556
Series 2005-C17, Class A4,      
5.083%, 03/15/2042 (P)   750,000 795,683
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $44,299,438)   $ 51,548,824
 
ASSET BACKED SECURITIES - 0.19%      
American Express Credit Account      
Master Trust, Series 2006-2, Class A      
5.350%, 01/15/2014   960,000 969,820
Chase Issuance Trust, Series 2008-A4,      
Class A4      
4.650%, 03/15/2015   885,000 944,584
Credit-Based Asset Servicing and      
Securitization LLC, Series 2006-CB2,      
Class AF2      
5.501%, 12/25/2036   81,846 57,593
Mercedes-Benz Auto Receivables Trust,      
Series 2009-1, Class A3      
1.670%, 01/15/2014   890,000 897,454
Renaissance Home Equity Loan Trust,      
Series 2006-1, Class AF3      
5.608%, 05/25/2036   82,238 67,336
TOTAL ASSET BACKED SECURITIES (Cost $2,976,998) $ 2,936,787
 
SECURITIES LENDING COLLATERAL - 2.02%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   3,044,672 30,467,726
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $30,468,459)   $ 30,467,726
 
SHORT-TERM INVESTMENTS - 3.69%      
Money Market Funds* - 3.69%      
State Street Institutional US Government      
Money Market Fund, 0.0248% $ 55,737,276 $ 55,737,276
TOTAL SHORT-TERM INVESTMENTS (Cost $55,737,276) $ 55,737,276
Total Investments (Total Bond Market Trust A)    
(Cost $1,517,533,327) - 103.42%   $ 1,562,225,881
Other assets and liabilities, net - (3.42%)     (51,704,108)
TOTAL NET ASSETS - 100.00%   $ 1,510,521,773

 

Total Bond Market Trust B    
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 65.63%      
U.S. Government - 30.92%      
U.S. Treasury Bonds      
3.000%, 02/28/2017 $ 3,300,000 $ 3,372,188
3.875%, 08/15/2040   1,100,000 983,641
4.250%, 05/15/2039 to 11/15/2040   1,060,000 1,013,718
4.375%, 02/15/2038   355,000 348,898
4.625%, 02/15/2040   1,400,000 1,426,468
6.750%, 08/15/2026   775,000 1,012,223
7.500%, 11/15/2016   1,270,000 1,606,748
7.875%, 02/15/2021   1,100,000 1,513,532
8.750%, 08/15/2020   1,400,000 2,014,578
9.250%, 02/15/2016   3,550,000 4,720,392
11.250%, 02/15/2015   2,010,000 2,729,831
U.S. Treasury Notes      
0.625%, 07/31/2012   3,900,000 3,907,332
0.750%, 09/15/2013   400,000 397,156
1.125%, 12/15/2012   2,400,000 2,417,438
1.375%, 02/15/2013   700,000 707,820
1.500%, 12/31/2013   500,000 504,258
1.750%, 01/31/2014   1,760,000 1,785,988
1.875%, 02/28/2014 to 04/30/2014   1,370,000 1,392,707
2.000%, 11/30/2013   3,000,000 3,067,266
2.125%, 11/30/2014 to 05/31/2015   2,500,000 2,535,971
2.625%, 11/15/2020   2,500,000 2,329,493
3.125%, 10/31/2016   1,500,000 1,550,274
3.250%, 06/30/2016   4,450,000 4,648,862
3.375%, 11/15/2019   250,000 252,402
3.500%, 05/15/2020   1,100,000 1,113,409
3.625%, 08/15/2019 to 02/15/2020   2,560,000 2,631,843
 
      49,984,436
U.S. Government Agency - 34.71%      
Federal Farm Credit Bank      
3.875%, 10/07/2013   300,000 319,973
4.875%, 12/16/2015   300,000 334,860
Federal Home Loan Bank      
3.875%, 06/14/2013   1,320,000 1,401,552
5.500%, 07/15/2036   190,000 205,662
Federal Home Loan Mortgage Corp.      
4.000%, 02/01/2024 to 09/01/2040   2,634,868 2,614,270
4.500%, 05/01/2024 to 10/01/2033   333,957 343,368
5.000%, 06/01/2023 to 10/01/2040   1,873,124 1,961,340
5.500%, 08/23/2017 to 01/01/2038   1,741,863 1,899,992
5.750%, 01/15/2012   1,200,000 1,251,678
5.779%, 02/01/2037 (P)   373,169 396,026
5.806%, 08/01/2037 (P)   575,336 615,430
6.000%, 06/15/2011 to 01/01/2038   893,573 933,649
6.250%, 07/15/2032   450,000 547,787
6.500%, 07/01/2016 to 09/01/2038   573,875 639,793
7.000%, 02/01/2016 to 04/01/2032   97,520 110,532
7.500%, 02/01/2016 to 03/01/2032   41,439 46,995
8.000%, 02/01/2030   6,032 6,871
Federal National Mortgage Association      
2.111%, 01/01/2035 (P)   1,518,734 1,570,751
3.250%, 04/09/2013   1,000,000 1,048,302
4.000%, 08/01/2020 to 01/01/2041   1,902,336 1,901,203
4.500%, 12/01/2020 to 01/01/2040   5,502,004 5,688,582
5.000%, 07/01/2020 to 12/01/2034   5,779,238 6,100,156
5.421%, 04/01/2036 (P)   200,301 211,562
5.500%, 08/01/2021 to 09/01/2036   7,497,579 8,048,696
5.606%, 04/01/2037 (P)   1,886,120 2,001,645
6.000%, 10/01/2013 to 08/01/2036   3,456,630 3,784,770
6.125%, 03/15/2012   1,300,000 1,370,779
6.250%, 05/15/2029   415,000 497,900
6.500%, 02/01/2015 to 02/01/2036   1,248,938 1,396,984

 

369

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal National Mortgage      
Association (continued)      
7.000%, 12/01/2012 to 10/01/2032 $ 198,693 $ 222,746
7.125%, 01/15/2030   209,000 275,267
7.250%, 05/15/2030   450,000 606,576
7.500%, 10/01/2015 to 08/01/2031   77,332 87,726
8.000%, 08/01/2030 to 09/01/2031   24,776 28,268
8.500%, 09/01/2030   4,322 4,975
Government National Mortgage Association      
4.500%, 05/15/2019 to 10/20/2040   511,901 529,502
5.000%, 05/15/2018 to 07/20/2040   1,509,282 1,604,226
5.500%, 11/15/2032 to 01/15/2039   2,203,901 2,390,042
6.000%, 04/15/2017 to 10/15/2038   1,623,556 1,783,385
6.500%, 01/15/2016 to 12/15/2038   429,356 482,542
7.000%, 08/15/2029 to 05/15/2032   133,476 152,177
7.500%, 08/15/2029 to 01/15/2031   38,669 44,259
8.000%, 04/15/2031   9,682 11,143
8.500%, 09/15/2030   6,482 7,489
9.000%, 01/15/2031   3,844 4,456
Tennessee Valley Authority      
3.875%, 02/15/2021   100,000 100,200
6.750%, 11/01/2025   260,000 326,170
8.600%, 09/26/2019   150,000 206,000
 
      56,118,257
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $101,164,435)   $ 106,102,693
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 2.46%      
Brazil - 0.39%      
Federative Republic of Brazil      
5.875%, 01/15/2019   105,000 116,288
6.000%, 01/17/2017   410,000 459,610
7.125%, 01/20/2037   50,000 59,125
 
      635,023
Canada - 0.92%      
Export Development Canada      
3.500%, 05/16/2013   95,000 99,889
Hydro-Quebec      
8.400%, 01/15/2022   100,000 135,535
Province of British Columbia      
6.500%, 01/15/2026   100,000 121,167
Province of Manitoba      
9.625%, 12/01/2018   300,000 404,524
Province of New Brunswick      
5.200%, 02/21/2017   80,000 89,280
Province of Nova Scotia      
5.125%, 01/26/2017   85,000 94,367
Province of Ontario      
4.500%, 02/03/2015   200,000 217,869
Province of Quebec      
7.125%, 02/09/2024   150,000 189,431
7.500%, 07/15/2023   100,000 130,001
 
      1,482,063
Chile - 0.04%      
Republic of Chile      
3.875%, 08/05/2020   60,000 58,425
Israel - 0.11%      
Government of Israel      
5.125%, 03/26/2019   90,000 94,843

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Israel (continued)      
Government of Israel (continued)      
5.500%, 09/18/2023 $ 75,000 $ 83,991
 
      178,834
Italy - 0.21%      
Republic of Italy      
6.875%, 09/27/2023   300,000 336,474
Japan - 0.14%      
Development Bank of Japan      
5.125%, 02/01/2017   100,000 110,763
Japan Finance Organization for Municipalities    
4.625%, 04/21/2015   100,000 108,595
 
      219,358
Mexico - 0.29%      
Government of Mexico      
5.950%, 03/19/2019   415,000 462,518
Norway - 0.05%      
Eksportfinans ASA      
5.500%, 06/26/2017   80,000 89,397
Panama - 0.04%      
Republic of Panama      
6.700%, 01/26/2036   60,000 67,350
Peru - 0.09%      
Republic of Peru      
7.125%, 03/30/2019   120,000 141,600
South Africa - 0.06%      
Republic of South Africa      
5.500%, 03/09/2020   100,000 105,875
Sweden - 0.12%      
Svensk Exportkredit AB      
3.250%, 09/16/2014   130,000 135,682
4.875%, 09/29/2011   65,000 66,406
 
      202,088
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $3,728,970)   $ 3,979,005
 
CORPORATE BONDS - 25.20%      
Consumer Discretionary - 1.64%      
Best Buy Company, Inc.      
5.500%, 03/15/2021   60,000 58,774
British Sky Broadcasting Group PLC      
9.500%, 11/15/2018 (S)   100,000 131,762
CBS Corp.      
8.875%, 05/15/2019   80,000 100,335
Comcast Corp.      
5.700%, 07/01/2019   80,000 86,599
DIRECTV Holdings LLC / DIRECTV      
Financing Company, Inc.      
6.375%, 03/01/2041   60,000 60,340
7.625%, 05/15/2016   140,000 154,350
Discovery Communications LLC      
5.625%, 08/15/2019   60,000 64,874
Family Dollar Stores, Inc.      
5.000%, 02/01/2021   55,000 53,951
Grupo Televisa SA      
6.625%, 01/15/2040   40,000 42,364
Home Depot, Inc.      
5.875%, 12/16/2036   70,000 69,580
Lowe’s Companies, Inc.      
6.100%, 09/15/2017   180,000 205,425

 

370

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
McDonald’s Corp.      
5.000%, 02/01/2019 $ 50,000 $ 54,457
News America, Inc.      
6.650%, 11/15/2037   175,000 183,539
O’Reilly Automotive, Inc.      
4.875%, 01/14/2021   50,000 49,379
Stanley Black & Decker, Inc.      
6.150%, 10/01/2013   60,000 66,336
Target Corp.      
6.500%, 10/15/2037   100,000 112,424
TCI Communications, Inc.      
7.125%, 02/15/2028   110,000 124,768
The Walt Disney Company      
5.625%, 09/15/2016   90,000 102,409
Time Warner Cable, Inc.      
4.125%, 02/15/2021   60,000 55,993
Time Warner Companies, Inc.      
7.250%, 10/15/2017   100,000 117,504
Time Warner Entertainment Company LP      
8.375%, 07/15/2033   200,000 244,491
Time Warner, Inc.      
7.625%, 04/15/2031   75,000 86,461
Toll Brothers Finance Corp.      
6.750%, 11/01/2019   40,000 41,256
Viacom, Inc.      
4.250%, 09/15/2015   40,000 41,727
4.500%, 03/01/2021   120,000 117,091
Vivendi SA      
5.750%, 04/04/2013 (S)   55,000 59,027
Volkswagen International Finance NV      
2.875%, 04/01/2016 (S)   60,000 59,053
Yum! Brands, Inc.      
6.250%, 03/15/2018   90,000 100,855
 
      2,645,124
Consumer Staples - 2.08%      
Altria Group, Inc.      
8.500%, 11/10/2013   80,000 93,230
9.250%, 08/06/2019   160,000 208,554
Anheuser-Busch InBev Worldwide, Inc.      
6.875%, 11/15/2019   120,000 141,562
7.750%, 01/15/2019   105,000 129,010
Bottling Group LLC      
5.125%, 01/15/2019   105,000 114,854
Brown-Forman Corp.      
2.500%, 01/15/2016   50,000 49,376
5.000%, 02/01/2014   105,000 113,958
Clorox Company      
5.950%, 10/15/2017   95,000 105,647
ConAgra Foods, Inc.      
5.819%, 06/15/2017   62,000 67,375
9.750%, 03/01/2021   63,000 83,519
CVS Caremark Corp.      
6.125%, 08/15/2016   105,000 118,091
CVS Pass-Through Trust      
8.353%, 07/10/2031 (S)   97,133 116,065
Diageo Capital PLC      
4.828%, 07/15/2020   95,000 98,052
General Mills, Inc.      
5.650%, 02/15/2019   85,000 94,090
Kellogg Company      
4.150%, 11/15/2019   30,000 30,085
Kimberly-Clark Corp.      
7.500%, 11/01/2018   80,000 99,695

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Kraft Foods, Inc.      
6.125%, 02/01/2018 $ 90,000 $ 100,446
6.750%, 02/19/2014   85,000 95,817
6.875%, 02/01/2038   40,000 44,347
Mead Johnson Nutrition Company      
4.900%, 11/01/2019   30,000 31,017
PepsiCo, Inc.      
5.500%, 01/15/2040   60,000 61,846
7.900%, 11/01/2018   17,000 21,547
Philip Morris International, Inc.      
6.875%, 03/17/2014   90,000 103,211
Ralcorp Holdings, Inc.      
6.625%, 08/15/2039   70,000 71,855
SABMiller PLC      
6.500%, 07/15/2018 (S)   90,000 103,948
Safeway, Inc.      
6.350%, 08/15/2017   135,000 150,723
Tate & Lyle International Finance PLC      
5.000%, 11/15/2014 (S)   90,000 93,630
Tesco PLC      
6.150%, 11/15/2037 (S)   100,000 109,408
The Coca-Cola Company      
3.150%, 11/15/2020   60,000 55,734
The Kroger Company      
3.900%, 10/01/2015   40,000 41,450
6.400%, 08/15/2017   100,000 114,911
Wal-Mart Stores, Inc.      
4.125%, 02/01/2019   100,000 102,611
6.200%, 04/15/2038   125,000 137,235
7.550%, 02/15/2030   110,000 139,911
Walgreen Company      
5.250%, 01/15/2019   105,000 115,287
 
      3,358,097
Energy - 2.80%      
Anadarko Petroleum Corp.      
6.450%, 09/15/2036   80,000 79,897
Apache Corp.      
6.000%, 09/15/2013   75,000 82,909
Boardwalk Pipelines LP      
5.750%, 09/15/2019   60,000 63,746
BP Capital Markets PLC      
5.250%, 11/07/2013   80,000 86,454
Cameron International Corp.      
7.000%, 07/15/2038   20,000 23,053
Canadian Natural Resources, Ltd.      
6.250%, 03/15/2038   70,000 75,326
Cenovus Energy, Inc.      
5.700%, 10/15/2019   40,000 44,354
Chevron Corp.      
4.950%, 03/03/2019   90,000 99,168
ConocoPhillips      
5.750%, 02/01/2019   100,000 113,029
DCP Midstream LLC      
9.700%, 12/01/2013 (S)   90,000 105,927
9.750%, 03/15/2019 (S)   95,000 122,331
Devon Financing Corp. ULC      
6.875%, 09/30/2011   100,000 103,056
7.875%, 09/30/2031   40,000 51,355
Enbridge Energy Partners LP      
9.875%, 03/01/2019   125,000 163,235
Ensco PLC      
4.700%, 03/15/2021   60,000 59,482
Enterprise Products Operating LLC      
6.650%, 04/15/2018   40,000 45,488

 

371

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Enterprise Products Operating LLC (continued)      
9.750%, 01/31/2014 $ 60,000 $ 71,841
EOG Resources, Inc.      
4.100%, 02/01/2021   60,000 58,016
GlobalSantaFe Corp.      
5.000%, 02/15/2013   100,000 104,848
Hess Corp.      
8.125%, 02/15/2019   60,000 75,224
Kinder Morgan Energy Partners LP      
5.850%, 09/15/2012   80,000 85,050
6.375%, 03/01/2041   60,000 60,518
6.500%, 09/01/2039   40,000 40,995
7.300%, 08/15/2033   80,000 89,310
9.000%, 02/01/2019   60,000 76,054
Marathon Oil Corp.      
6.000%, 10/01/2017   34,000 38,210
Nabors Industries, Inc.      
9.250%, 01/15/2019   105,000 132,188
Nexen, Inc.      
6.200%, 07/30/2019   120,000 132,528
Noble Holding International, Ltd.      
6.050%, 03/01/2041   50,000 49,696
7.375%, 03/15/2014   100,000 113,928
Occidental Petroleum Corp.      
4.100%, 02/01/2021   50,000 49,443
ONEOK Partners LP      
6.650%, 10/01/2036   85,000 90,161
Pemex Project Funding Master Trust      
7.375%, 12/15/2014   260,000 295,850
Petro-Canada      
5.950%, 05/15/2035   70,000 70,586
6.050%, 05/15/2018   125,000 140,553
Petrobras International Finance Company      
8.375%, 12/10/2018   90,000 108,401
Petroleos Mexicanos      
5.500%, 01/21/2021   70,000 71,050
Plains All American Pipeline LP / PAA      
Finance Corp.      
8.750%, 05/01/2019   60,000 74,972
Rockies Express Pipeline LLC      
3.900%, 04/15/2015 (S)   60,000 59,317
Shell International Finance BV      
6.375%, 12/15/2038   90,000 101,624
Statoil ASA      
3.125%, 08/17/2017   30,000 29,615
Talisman Energy, Inc.      
3.750%, 02/01/2021   60,000 55,733
6.250%, 02/01/2038   110,000 115,540
The Williams Companies, Inc.      
7.875%, 09/01/2021   60,000 74,578
Tosco Corp.      
8.125%, 02/15/2030   110,000 140,573
Total Capital SA      
3.125%, 10/02/2015   40,000 40,817
4.125%, 01/28/2021   40,000 39,632
4.250%, 12/15/2021   60,000 59,895
TransCanada PipeLines, Ltd.      
5.850%, 03/15/2036   85,000 86,410
Valero Energy Corp.      
6.125%, 06/15/2017   100,000 110,444
7.500%, 04/15/2032   30,000 33,046
Weatherford International, Ltd.      
5.500%, 02/15/2016   120,000 128,641

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Williams Partners LP      
5.250%, 03/15/2020 $ 90,000 $ 93,778
 
      4,517,875
Financials - 10.11%      
AEGON Funding Company LLC      
5.750%, 12/15/2020   50,000 51,850
African Development Bank      
6.875%, 10/15/2015   35,000 40,718
Allied World Assurance Company      
Holdings, Ltd.      
7.500%, 08/01/2016   115,000 128,076
American Express Bank FSB      
3.150%, 12/09/2011   250,000 254,948
American Express Company      
8.125%, 05/20/2019   50,000 62,306
American Express Credit Corp.      
7.300%, 08/20/2013   100,000 111,742
American International Group, Inc.      
5.450%, 05/18/2017   120,000 123,000
Asian Development Bank      
5.593%, 07/16/2018   250,000 283,444
Bank of America Corp.      
2.100%, 04/30/2012   205,000 208,742
3.125%, 06/15/2012   125,000 128,864
5.420%, 03/15/2017   100,000 101,981
6.500%, 08/01/2016   80,000 88,397
Barclays Bank PLC      
5.125%, 01/08/2020   100,000 101,588
5.450%, 09/12/2012   105,000 111,318
BB&T Corp.      
5.200%, 12/23/2015   105,000 112,584
Berkshire Hathaway Finance Corp.      
4.250%, 01/15/2021   60,000 59,883
5.400%, 05/15/2018   105,000 115,409
Berkshire Hathaway, Inc.      
3.200%, 02/11/2015   120,000 123,357
BNP Paribas      
3.250%, 03/11/2015   120,000 121,006
Boston Properties LP      
4.125%, 05/15/2021   60,000 56,974
BRE Properties, Inc.      
5.200%, 03/15/2021   60,000 60,896
Capital One Financial Corp.      
5.700%, 09/15/2011   80,000 81,772
7.375%, 05/23/2014   110,000 126,150
Chubb Corp.      
5.750%, 05/15/2018   50,000 55,413
Citigroup Funding, Inc.      
1.875%, 11/15/2012   70,000 71,285
Citigroup, Inc.      
2.125%, 04/30/2012   210,000 213,957
2.875%, 12/09/2011   250,000 254,466
5.500%, 04/11/2013   125,000 133,675
5.875%, 02/22/2033   220,000 206,826
8.500%, 05/22/2019   80,000 98,589
CNA Financial Corp.      
5.750%, 08/15/2021   60,000 61,334
7.350%, 11/15/2019   60,000 67,675
Credit Suisse AG      
5.400%, 01/14/2020   60,000 60,515
Credit Suisse Guernsey, Ltd. (5.860% to      
05/01/2017, then 3 month LIBOR + 1.690%)    
05/15/2017 (Q)   90,000 87,300

 

372

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Credit Suisse USA, Inc.      
4.875%, 01/15/2015 $ 125,000 $ 134,127
6.500%, 01/15/2012   200,000 209,202
Deutsche Bank AG      
3.875%, 08/18/2014   130,000 135,421
4.875%, 05/20/2013   210,000 223,141
Discover Financial Services      
10.250%, 07/15/2019   120,000 154,193
Dresdner Bank AG      
7.250%, 09/15/2015   80,000 85,671
ERAC USA Finance LLC      
5.250%, 10/01/2020 (S)   60,000 61,688
European Investment Bank      
2.375%, 03/14/2014   210,000 214,944
4.625%, 05/15/2014 to 10/20/2015   305,000 333,509
4.875%, 01/17/2017   200,000 221,221
FIH Erhvervsbank A/S      
2.450%, 08/17/2012 (S)   70,000 71,238
First Horizon National Corp.      
5.375%, 12/15/2015   50,000 52,152
FleetBoston Financial Corp.      
6.700%, 07/15/2028   125,000 128,112
General Electric Capital Corp.      
2.200%, 06/08/2012   105,000 107,145
3.000%, 12/09/2011   125,000 127,330
5.625%, 09/15/2017   230,000 249,245
6.000%, 08/07/2019   60,000 65,419
6.750%, 03/15/2032   230,000 252,733
6.875%, 01/10/2039   105,000 117,179
Harley-Davidson Funding Corp.      
5.750%, 12/15/2014 (S)   60,000 64,222
Hartford Financial Services Group, Inc.      
5.950%, 10/15/2036   50,000 46,949
Health Care REIT, Inc.      
4.950%, 01/15/2021   60,000 57,650
Hospitality Properties Trust      
7.875%, 08/15/2014   70,000 78,125
HSBC Holdings PLC      
6.500%, 09/15/2037   205,000 209,048
Inter-American Development Bank      
7.000%, 06/15/2025   60,000 74,798
International Bank for Reconstruction &      
Development      
8.625%, 10/15/2016   100,000 127,970
International Finance Corp.      
3.500%, 05/15/2013   65,000 68,649
John Deere Capital Corp.      
4.950%, 12/17/2012   172,000 183,377
JPMorgan Chase & Company      
3.125%, 12/01/2011   215,000 219,071
4.750%, 05/01/2013   125,000 132,709
6.400%, 05/15/2038   125,000 138,106
KeyCorp      
3.750%, 08/13/2015   60,000 60,530
6.500%, 05/14/2013   125,000 136,161
Kimco Realty Corp.      
6.875%, 10/01/2019   60,000 69,915
Kreditanstalt fuer Wiederaufbau      
3.250%, 03/15/2013   300,000 313,131
4.375%, 03/15/2018   360,000 386,263
5.125%, 03/14/2016   100,000 111,883
Landwirtschaftliche Rentenbank      
5.125%, 02/01/2017   75,000 83,942
Lincoln National Corp.      
5.650%, 08/27/2012   50,000 52,863

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Marsh & McLennan Companies, Inc.      
5.750%, 09/15/2015 $ 105,000 $ 113,879
MBNA Corp.      
5.000%, 06/15/2015   250,000 261,612
Merrill Lynch & Company, Inc.      
6.875%, 04/25/2018 to 11/15/2018   180,000 200,548
7.750%, 05/14/2038   125,000 143,524
MetLife, Inc.      
6.817%, 08/15/2018   190,000 219,350
Moody’s Corp.      
5.500%, 09/01/2020   60,000 60,788
Morgan Stanley      
2.250%, 03/13/2012   100,000 101,730
3.250%, 12/01/2011   125,000 127,494
7.300%, 05/13/2019   210,000 235,906
Nomura Holdings, Inc.      
4.125%, 01/19/2016   110,000 108,701
Nordic Investment Bank      
2.375%, 12/15/2011   125,000 126,735
Northern Trust Corp.      
3.450%, 11/04/2020   60,000 56,843
Oesterreichische Kontrollbank AG      
4.875%, 02/16/2016   50,000 55,092
PartnerRe Finance B LLC      
5.500%, 06/01/2020   60,000 59,995
PNC Funding Corp.      
2.300%, 06/22/2012   125,000 127,680
4.250%, 09/21/2015   40,000 41,996
5.625%, 02/01/2017   80,000 86,676
6.700%, 06/10/2019   80,000 92,938
ProLogis      
5.625%, 11/15/2016   185,000 193,533
Prudential Financial, Inc.      
3.875%, 01/14/2015   30,000 30,981
4.750%, 04/01/2014 to 09/17/2015   175,000 185,982
5.375%, 06/21/2020   60,000 62,387
Royal Bank of Canada      
2.100%, 07/29/2013   160,000 163,087
Royal Bank of Scotland Group PLC      
5.000%, 11/12/2013   100,000 101,340
Senior Housing Properties Trust      
4.300%, 01/15/2016   110,000 109,057
Simon Property Group LP      
5.875%, 03/01/2017   80,000 88,659
SLM Corp.      
8.000%, 03/25/2020   90,000 98,100
State Street Corp.      
2.150%, 04/30/2012   90,000 91,584
SunTrust Banks, Inc.      
6.000%, 09/11/2017   105,000 115,493
The Allstate Corp.      
5.950%, 04/01/2036   100,000 101,566
The Bank of New York Mellon Corp.      
4.500%, 04/01/2013   155,000 165,111
The Bear Stearns Companies LLC      
7.250%, 02/01/2018   310,000 360,629
The Goldman Sachs Group, Inc.      
3.250%, 06/15/2012   125,000 129,111
5.500%, 11/15/2014   250,000 271,666
6.125%, 02/15/2033   125,000 127,337
6.150%, 04/01/2018   185,000 200,230
7.500%, 02/15/2019   240,000 278,421
The Travelers Companies, Inc.      
5.900%, 06/02/2019   80,000 88,367

 

373

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Toyota Motor Credit Corp.      
5.450%, 05/18/2011 $ 95,000 $ 95,606
Travelers Property Casualty Corp.      
7.750%, 04/15/2026   50,000 61,633
UBS AG/Stamford CT      
5.750%, 04/25/2018   185,000 198,960
Unitrin, Inc.      
6.000%, 11/30/2015   120,000 125,287
US Bancorp      
2.250%, 03/13/2012   100,000 101,797
2.450%, 07/27/2015   60,000 59,224
US Central Federal Credit Union      
1.900%, 10/19/2012   70,000 71,285
Vornado Realty LP      
4.250%, 04/01/2015   60,000 61,347
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
7.500%, 06/02/2014 (S)   150,000 171,537
Wells Fargo & Company      
3.000%, 12/09/2011   125,000 127,339
5.000%, 11/15/2014   105,000 112,102
5.625%, 12/11/2017   185,000 201,755
Westpac Banking Corp.      
3.000%, 12/09/2015   80,000 79,411
Willis North America, Inc.      
7.000%, 09/29/2019   50,000 54,079
Xstrata Finance Canada, Ltd.      
5.800%, 11/15/2016 (S)   105,000 116,132
 
      16,346,694
Health Care - 1.55%      
Abbott Laboratories      
4.125%, 05/27/2020   60,000 60,111
4.350%, 03/15/2014   120,000 128,849
Aetna, Inc.      
3.950%, 09/01/2020   60,000 57,855
6.000%, 06/15/2016   105,000 118,062
Amgen, Inc.      
5.700%, 02/01/2019   50,000 55,809
5.750%, 03/15/2040   40,000 40,738
AstraZeneca PLC      
5.900%, 09/15/2017   105,000 119,684
Baxter International, Inc.      
5.900%, 09/01/2016   50,000 57,516
Becton Dickinson and Company      
3.250%, 11/12/2020   60,000 55,848
Bristol-Myers Squibb Company      
6.800%, 11/15/2026   55,000 66,760
Covidien International Finance SA      
6.000%, 10/15/2017   110,000 125,167
Eli Lilly & Company      
7.125%, 06/01/2025   80,000 100,600
Gilead Sciences, Inc.      
4.500%, 04/01/2021   60,000 59,193
GlaxoSmithKline Capital, Inc.      
4.375%, 04/15/2014   105,000 112,986
6.375%, 05/15/2038   50,000 56,353
Howard Hughes Medical Institute      
3.450%, 09/01/2014   70,000 73,930
Johnson & Johnson      
5.850%, 07/15/2038   100,000 111,291
Life Technologies Corp.      
5.000%, 01/15/2021   60,000 59,900
Merck & Company, Inc.      
5.300%, 12/01/2013   270,000 297,187

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Health Care (continued)      
Novartis Securities Investment, Ltd.      
5.125%, 02/10/2019 $ 80,000 $ 86,510
Pharmacia Corp.      
6.500%, 12/01/2018   105,000 121,489
Quest Diagnostics, Inc.      
5.450%, 11/01/2015   30,000 32,703
St. Jude Medical, Inc.      
4.875%, 07/15/2019   50,000 52,408
UnitedHealth Group, Inc.      
4.875%, 03/15/2015   12,000 12,985
5.800%, 03/15/2036   40,000 39,738
WellPoint, Inc.      
6.375%, 06/15/2037   175,000 188,203
Wyeth      
5.500%, 03/15/2013   200,000 216,648
 
      2,508,523
Industrials - 1.54%      
Allied Waste North America, Inc.      
6.875%, 06/01/2017   70,000 76,300
Burlington Northern Santa Fe LLC      
4.700%, 10/01/2019   60,000 62,559
7.000%, 02/01/2014   125,000 142,133
Canadian National Railway Company      
6.375%, 10/15/2011   50,000 51,620
Canadian Pacific Railway Company      
4.450%, 03/15/2023   60,000 57,895
Caterpillar Financial Services Corp.      
6.125%, 02/17/2014   100,000 112,548
Caterpillar, Inc.      
7.900%, 12/15/2018   95,000 121,798
CSX Corp.      
6.250%, 04/01/2015   100,000 112,895
7.375%, 02/01/2019   105,000 126,731
Emerson Electric Company      
4.875%, 10/15/2019   80,000 85,134
FedEx Corp.      
8.000%, 01/15/2019   50,000 61,917
General Dynamics Corp.      
5.250%, 02/01/2014   90,000 99,419
General Electric Company      
5.000%, 02/01/2013   190,000 202,310
Honeywell International, Inc.      
3.875%, 02/15/2014   85,000 90,632
Ingersoll-Rand Global Holding Company, Ltd.    
6.875%, 08/15/2018   110,000 127,512
Northrop Grumman Corp.      
3.500%, 03/15/2021   150,000 138,828
Pitney Bowes, Inc.      
6.250%, 03/15/2019   50,000 54,269
Roper Industries, Inc.      
6.250%, 09/01/2019   40,000 44,058
Snap-On, Inc.      
6.125%, 09/01/2021   70,000 76,147
The Boeing Company      
8.750%, 09/15/2031   90,000 121,282
Union Pacific Corp.      
4.000%, 02/01/2021   60,000 58,850
6.625%, 02/01/2029   85,000 98,040
United Technologies Corp.      
5.375%, 12/15/2017   100,000 112,285
6.125%, 02/01/2019   125,000 145,616
Waste Management, Inc.      
4.600%, 03/01/2021   60,000 59,855

 

374

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Waste Management, Inc. (continued)      
6.125%, 11/30/2039 $ 50,000 $ 51,895
      2,492,528
Information Technology - 0.84%      
Cisco Systems, Inc.      
3.150%, 03/14/2017   60,000 59,635
5.900%, 02/15/2039   80,000 83,013
Dell, Inc.      
4.700%, 04/15/2013   130,000 138,366
5.400%, 09/10/2040   60,000 55,673
eBay, Inc.      
3.250%, 10/15/2020   60,000 54,801
Hewlett-Packard Company      
2.125%, 09/13/2015   60,000 58,738
3.750%, 12/01/2020   60,000 57,550
4.750%, 06/02/2014   95,000 103,208
International Business Machines Corp.      
6.500%, 10/15/2013   140,000 157,516
Microsoft Corp.      
2.950%, 06/01/2014   80,000 83,188
Oracle Corp.      
5.750%, 04/15/2018   145,000 162,088
SAIC, Inc.      
4.450%, 12/01/2020 (S)   50,000 50,232
Tyco Electronics Group SA      
6.550%, 10/01/2017   200,000 228,525
Xerox Corp.      
6.750%, 12/15/2039   60,000 68,173
 
      1,360,706
Materials - 0.86%      
Agrium, Inc.      
6.750%, 01/15/2019   100,000 115,542
Alcoa, Inc.      
6.750%, 07/15/2018   100,000 110,549
ArcelorMittal      
5.375%, 06/01/2013   155,000 164,720
6.125%, 06/01/2018   70,000 74,079
Cliffs Natural Resources, Inc.      
4.875%, 04/01/2021   60,000 59,090
Commercial Metals Company      
7.350%, 08/15/2018   110,000 114,507
CRH America, Inc.      
8.125%, 07/15/2018   50,000 58,757
E.I. du Pont de Nemours & Company      
3.625%, 01/15/2021   180,000 170,652
5.875%, 01/15/2014   15,000 16,615
POSCO      
4.250%, 10/28/2020 (S)   100,000 93,843
Potash Corp. of Saskatchewan, Inc.      
4.875%, 03/30/2020   20,000 20,714
PPG Industries, Inc.      
3.600%, 11/15/2020   60,000 56,404
Rio Tinto Alcan, Inc.      
6.125%, 12/15/2033   100,000 105,495
Rio Tinto Finance USA, Ltd.      
6.500%, 07/15/2018   70,000 80,521
The Dow Chemical Company      
5.700%, 05/15/2018   50,000 53,789
5.900%, 02/15/2015   60,000 66,415
The Sherwin-Williams Company      
3.125%, 12/15/2014   30,000 31,252
 
      1,392,944

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services - 1.71%      
America Movil SAB de CV      
5.000%, 03/30/2020 (S) $ 61,000 $ 63,850
American Tower Corp.      
4.500%, 01/15/2018   60,000 58,830
Ameritech Capital Funding Corp.      
6.875%, 10/15/2027   60,000 63,911
AT&T, Inc.      
5.625%, 06/15/2016   80,000 89,375
6.700%, 11/15/2013   90,000 101,217
BellSouth Corp.      
6.875%, 10/15/2031   200,000 217,411
British Telecommunications PLC      
9.875%, 12/15/2030   60,000 82,943
CenturyTel, Inc.      
7.600%, 09/15/2039   50,000 53,522
COX Communications, Inc.      
9.375%, 01/15/2019 (S)   125,000 162,183
Deutsche Telekom International Finance BV      
8.750%, 06/15/2030   146,000 191,300
Qwest Corp.      
8.375%, 05/01/2016   70,000 83,300
Telecom Italia Capital SA      
5.250%, 11/15/2013   170,000 179,348
7.721%, 06/04/2038   80,000 84,691
Telefonica Europe BV      
8.250%, 09/15/2030   100,000 120,737
Verizon Communications, Inc.      
4.600%, 04/01/2021   110,000 109,390
5.250%, 04/15/2013   130,000 139,993
6.900%, 04/15/2038   190,000 210,705
Verizon Wireless Capital LLC      
7.375%, 11/15/2013   100,000 114,039
8.500%, 11/15/2018   60,000 77,016
Vodafone Group PLC      
3.375%, 11/24/2015   160,000 162,505
4.375%, 03/16/2021   110,000 107,868
5.375%, 01/30/2015   190,000 208,973
5.450%, 06/10/2019   80,000 87,321
 
      2,770,428
Utilities - 2.07%      
CenterPoint Energy Resources Corp.      
4.500%, 01/15/2021 (S)   77,000 75,385
Consolidated Edison Company of New      
York, Inc.      
7.125%, 12/01/2018   95,000 114,613
Constellation Energy Group, Inc.      
5.150%, 12/01/2020   60,000 59,456
Dominion Resources, Inc.      
5.000%, 03/15/2013   95,000 101,552
5.200%, 08/15/2019   110,000 117,124
DTE Energy Company      
6.350%, 06/01/2016   60,000 67,367
Duke Energy Carolinas LLC      
5.625%, 11/30/2012   100,000 107,061
6.000%, 01/15/2038   50,000 54,038
7.000%, 11/15/2018   90,000 107,757
E.ON International Finance BV      
5.800%, 04/30/2018 (S)   140,000 155,562
Enel Finance International NV      
5.125%, 10/07/2019 (S)   100,000 100,719
6.250%, 09/15/2017 (S)   50,000 54,671
Entergy Corp.      
5.125%, 09/15/2020   70,000 68,235

 

375

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Entergy Texas, Inc.      
7.125%, 02/01/2019 $ 50,000 $ 58,176
Exelon Generation Company LLC      
6.250%, 10/01/2039   40,000 39,095
FirstEnergy Corp.      
6.450%, 11/15/2011   2,000 2,059
FirstEnergy Solutions Corp.      
6.050%, 08/15/2021   60,000 62,096
Florida Power & Light Company      
5.650%, 02/01/2037   60,000 61,867
Georgia Power Company      
5.950%, 02/01/2039   100,000 106,157
Indiana Michigan Power Company      
6.050%, 03/15/2037   187,000 193,889
NextEra Energy Capital Holdings, Inc.      
7.875%, 12/15/2015   90,000 106,646
NiSource Finance Corp.      
6.800%, 01/15/2019   130,000 148,522
Oglethorpe Power Corp.      
5.375%, 11/01/2040   60,000 56,218
Oncor Electric Delivery Company LLC      
7.500%, 09/01/2038   58,000 69,412
Pacific Gas & Electric Company      
3.500%, 10/01/2020   60,000 55,539
6.050%, 03/01/2034   60,000 62,475
6.250%, 12/01/2013   135,000 149,053
PacifiCorp      
6.000%, 01/15/2039   105,000 112,828
Pennsylvania Electric Company      
5.200%, 04/01/2020   70,000 71,410
Progress Energy, Inc.      
4.400%, 01/15/2021   55,000 54,523
Public Service Electric & Gas Company      
6.330%, 11/01/2013   120,000 133,788
San Diego Gas & Electric Company      
6.125%, 09/15/2037   60,000 67,051
Southern California Edison Company      
5.350%, 07/15/2035   130,000 129,918
Southern Company      
2.375%, 09/15/2015   100,000 98,194
Southwestern Public Service Company      
8.750%, 12/01/2018   70,000 87,431
Virginia Electric and Power Company      
3.450%, 09/01/2022   50,000 45,480
8.875%, 11/15/2038   70,000 101,447
Wisconsin Electric Power Company      
6.000%, 04/01/2014   80,000 89,380
 
      3,346,194
TOTAL CORPORATE BONDS (Cost $37,819,494) $ 40,739,113
 
CAPITAL PREFERRED SECURITIES - 0.12%    
Industrials - 0.12%      
Hutchison Whampoa International 10, Ltd.      
(6.000% to 10/28/2015, then 3 month      
LIBOR + 5.635%) 10/28/2015 (Q)(S)   190,000 193,088
TOTAL CAPITAL PREFERRED SECURITIES (Cost $190,000) $ 193,088
 
MUNICIPAL BONDS - 0.60%      
California - 0.10%      
State of California      
7.500%, 04/01/2034   80,000 86,369

 

Total Bond Market Trust B (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
MUNICIPAL BONDS (continued)    
California (continued)    
University of California    
5.770%, 05/15/2043 70,000 $ 67,617
 
    153,986
District of Columbia - 0.02%    
Metropolitan Washington Airports Authority    
7.462%, 10/01/2046 40,000 39,148
Illinois - 0.10%    
State of Illinois    
5.100%, 06/01/2033 115,000 93,015
7.350%, 07/01/2035 60,000 61,714
 
    154,729
Maryland - 0.04%    
Maryland State Transportation Authority    
5.888%, 07/01/2043 60,000 62,447
New Jersey - 0.06%    
New Jersey State Turnpike Authority    
7.102%, 01/01/2041 90,000 97,457
New York - 0.08%    
New York State Dormitory Authority    
5.628%, 03/15/2039 70,000 68,536
New York State Urban Development Corp.    
5.770%, 03/15/2039 60,000 60,414
 
    128,950
North Carolina - 0.04%    
North Carolina Turnpike Authority    
6.700%, 01/01/2039 60,000 61,891
Texas - 0.07%    
State of Texas    
5.517%, 04/01/2039 60,000 61,095
Texas Transportation Commission    
5.178%, 04/01/2030 60,000 59,060
 
    120,155
Utah - 0.07%    
State of Utah    
3.539%, 07/01/2025 80,000 74,044
4.554%, 07/01/2024 40,000 40,732
 
    114,776
Washington - 0.02%    
State of Washington    
5.481%, 08/01/2039 40,000 39,774
TOTAL MUNICIPAL BONDS (Cost $980,824) $ 973,313
 
COLLATERALIZED MORTGAGE    
OBLIGATIONS - 4.86%    
Commercial & Residential - 4.86%    
Banc of America Commercial Mortgage, Inc.,    
Series 2006-4, Class A4    
5.634%, 07/10/2046 210,000 225,882
Bear Stearns Commercial Mortgage Securities    
Series 2004-PWR3, Class A4,    
4.715%, 02/11/2041 500,000 524,201
Series 2005-T20, Class A3,    
5.149%, 10/12/2042 (P) 530,000 548,459
Series 2006-PW12, Class A4,    
5.723%, 09/11/2038 (P) 190,000 208,126
Citigroup Commercial Mortgage Trust,    
Series 2006-C4, Class A1    
5.733%, 03/15/2049 (P) 67,201 67,137

 

376

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
Shares or   
Principal   
Amount  Value
 
COLLATERALIZED MORTGAGE    
OBLIGATIONS (continued)    
Commercial & Residential (continued)    
Citigroup/Deutsche Bank Commercial    
Mortgage Trust, Series 2006-CD2, Class A4    
5.346%, 01/15/2046 (P) 170,000 $ 182,221
Credit Suisse First Boston Mortgage    
Securities Corp., Series 2005-C3, Class A3    
4.645%, 07/15/2037 60,000 62,199
GE Capital Commercial Mortgage Corp.    
Series 2005-C1, Class A3,    
4.578%, 06/10/2048 100,000 102,519
Series 2001-2, Class A4,    
6.290%, 08/11/2033 363,768 365,255
JPMorgan Chase Commercial    
Mortgage Securities Corp.    
Series 2004-CB8, Class A4,    
4.404%, 01/12/2039 400,000 416,937
Series 2005-LDP4, Class A4,    
4.918%, 10/15/2042 (P) 150,000 158,607
Series 2005-CB11, Class A3,    
5.197%, 08/12/2037 325,000 332,565
Series 2005-LDP5, Class A4,    
5.202%, 12/15/2044 (P) 835,000 893,686
Series 2005-CB13, Class A3A1,    
5.280%, 01/12/2043 (P) 80,000 82,859
LB Commercial Conduit Mortgage Trust,    
Series 2007-C3, Class A4    
5.928%, 07/15/2044 (P) 180,000 192,373
Merrill Lynch Mortgage Trust    
Series 2006-C1, Class AM,    
5.669%, 05/12/2039 (P) 800,000 828,663
Series 2008-C1, Class A4,    
5.690%, 02/12/2051 440,000 465,523
Morgan Stanley Capital I    
Series 2011, Class C10,    
5.033%, 09/15/2047 (P)(S) 190,000 196,846
Series 2007-T27, Class A4,    
5.646%, 06/11/2042 (P) 630,000 690,897
Prudential Commercial Mortgage Trust,    
Series 2003-PWR1, Class A2    
4.493%, 02/11/2036 450,000 468,031
Wachovia Bank Commercial Mortgage Trust    
Series 2005-C17, Class A4,    
5.083%, 03/15/2042 (P) 300,000 318,273
Series 2004-C11, Class A5,    
5.215%, 01/15/2041 (P) 500,000 533,750
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $7,364,675) $ 7,865,009
 
ASSET BACKED SECURITIES - 0.26%    
Detroit Edison Securitization Funding LLC,    
Series 2001-1, Class A6    
6.620%, 03/01/2016 250,000 286,426
Mercedes-Benz Auto Receivables Trust,    
Series 2009-1, Class A3    
1.670%, 01/15/2014 130,000 131,089
TOTAL ASSET BACKED SECURITIES (Cost $415,353) $ 417,515

 

Total Bond Market Trust B (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
SHORT-TERM INVESTMENTS - 0.04%    
Money Market Funds* - 0.04%    
State Street Institutional US Government    
Money Market Fund, 0.0248% 59,042 $ 59,042
TOTAL SHORT-TERM INVESTMENTS (Cost $59,042) $ 59,042
Total Investments (Total Bond Market Trust B)    
(Cost $151,722,793) - 99.17% $ 160,328,778
Other assets and liabilities, net - 0.83%   1,348,053
 
TOTAL NET ASSETS - 100.00% $ 161,676,831
 
 
 
Total Return Trust    
  Shares or  
  Principal  
  Amount Value
 
 
U.S. GOVERNMENT & AGENCY    
OBLIGATIONS - 26.54%    
U.S. Government - 1.35%    
Treasury Inflation Protected Securities    
1.750%, 01/15/2028 $ 3,573,536 $ 3,636,630
2.000%, 01/15/2026 4,881,316 5,202,033
2.375%, 01/15/2025 to 01/15/2027 3,265,545 3,644,158
2.500%, 01/15/2029 21,434,413 24,239,299
3.625%, 04/15/2028 1,225,242 1,577,978
3.875%, 04/15/2029 8,304,342 11,097,325
 
    49,397,423
U.S. Government Agency - 25.19%    
Federal Home Loan Mortgage Corp.    
2.726%, 06/01/2034 (P) 302,841 317,839
2.810%, 01/01/2029 (P) 236,108 248,500
4.500%, TBA 10,000,000 10,143,581
4.500%, 10/01/2039 to 04/01/2041 21,131,646 21,460,587
5.500%, 07/01/2038 to 12/01/2038 4,640,041 4,943,803
6.000%, TBA 1,000,000 1,085,569
6.000%, 03/01/2016 to 07/01/2038 714,329 776,953
Federal National Mortgage Association    
1.518%, 06/01/2043 (P) 1,294,093 1,294,313
1.718%, 10/01/2040 (P) 217,629 218,132
2.452%, 09/01/2035 (P) 3,616,264 3,779,408
4.000%, TBA 6,000,000 6,157,942
4.049%, 05/01/2036 (P) 2,592,272 2,788,567
4.500%, TBA 244,400,000 248,751,902
4.500%, 09/01/2013 to 04/01/2041 166,811,684 170,077,216
4.770%, 09/01/2035 (P) 398,828 422,493
5.000%, TBA 123,000,000 128,112,839
5.000%, 02/01/2034 to 04/01/2037 10,060,677 10,564,018
5.003%, 05/01/2035 (P) 461,334 491,764
5.500%, TBA 22,400,000 23,914,547
5.500%, 06/01/2011 to 06/01/2040 137,715,250 147,496,795
6.000%, TBA 5,900,000 6,397,715
6.000%, 12/01/2016 to 01/01/2039 113,117,889 123,077,218
6.500%, 03/01/2036 to 11/01/2037 71,465 80,042
Government National    
Mortgage Association    
2.125%, 10/20/2029 to 11/20/2029 (P) 412,523 425,905
2.625%, 09/20/2021 (P) 51,725 52,984
2.750%, 01/20/2032 to 02/20/2032 (P) 578,160 593,646
3.375%, 05/20/2023 to 05/20/2030 (P) 606,024 623,624
Small Business Administration    
4.504%, 02/10/2014 182,135 190,116
4.880%, 11/01/2024 107,329 113,511
5.130%, 09/01/2023 184,141 195,653

 

377

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Small Business Administration (continued)    
5.520%, 06/01/2024 $ 3,722,828 $ 3,967,164
6.344%, 08/10/2011   62,092 63,231
 
      918,827,577
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $961,664,158)   $ 968,225,000
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 10.04%      
Brazil - 0.04%      
Federative Republic of Brazil      
10.250%, 01/10/2028 BRL 2,600,000 1,584,540
Canada - 3.28%      
Canada Housing Trust      
1.375%, 01/27/2014  $ 5,200,000 5,181,717
2.750%, 12/15/2015 (S) CAD 5,200,000 5,329,960
3.350%, 12/15/2020   6,800,000 6,820,130
4.550%, 12/15/2012   1,600,000 1,725,987
Government of Canada      
1.500%, 12/01/2012   3,700,000 3,803,692
1.750%, 03/01/2013   10,600,000 10,924,370
2.000%, 12/01/2014   5,500,000 5,592,924
2.500%, 09/01/2013   8,600,000 8,977,176
4.500%, 06/01/2015   700,000 778,224
Province of Ontario      
1.875%, 09/15/2015  $ 1,800,000 1,764,853
4.200%, 06/02/2020 CAD 26,900,000 28,148,304
4.600%, 06/02/2039   1,800,000 1,878,591
4.700%, 06/02/2037   36,400,000 38,457,848
Province of Quebec      
4.500%, 12/01/2020   300,000 319,213
 
      119,702,989
China - 0.02%      
Export-Import Bank of China      
4.875%, 07/21/2015 (S)  $ 500,000 537,281
France - 0.36%      
Societe Financement de      
l’Economie Francaise      
0.503%, 07/16/2012 (P)(S)   2,000,000 2,005,100
2.125%, 05/20/2012 EUR 2,900,000 4,132,240
3.375%, 05/05/2014 (S)  $ 6,500,000 6,819,040
 
      12,956,380
Japan - 5.03%      
Government of Japan      
zero coupon, 04/25/2011 JPY 15,270,000,000 183,564,933
Mexico - 0.10%      
Government of Mexico      
6.000%, 06/18/2015 MXN 34,700,000 2,832,634
9.500%, 12/18/2014   7,800,000 718,066
 
      3,550,700
Panama - 0.02%      
Republic of Panama      
7.250%, 03/15/2015  $ 700,000 813,750
Russia - 0.45%      
Government of Russia      
3.625%, 04/29/2015   600,000 606,750
7.500%, 03/31/2030   13,667,000 15,930,665
 
      16,537,415

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
South Africa - 0.02%      
Republic of South Africa      
5.875%, 05/30/2022 $ 500,000 $ 536,250
South Korea - 0.49%      
Export-Import Bank of Korea      
4.125%, 09/09/2015   6,400,000 6,559,974
Korea Development Bank      
4.375%, 08/10/2015   9,900,000 10,266,369
Korea Housing Finance Corp.      
4.125%, 12/15/2015 (S)   1,100,000 1,121,831
 
      17,948,174
Spain - 0.23%      
Kingdom of Spain      
2.941%, 03/25/2014 (P) EUR 6,000,000 8,500,731
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $363,019,511)   $ 366,233,143
 
CORPORATE BONDS - 25.98%      
Consumer Discretionary - 1.00%      
Banque PSA Finance      
2.203%, 04/04/2014 (P)(S) $ 5,400,000 5,384,405
Comcast Cable Communications      
Holdings, Inc.      
8.375%, 03/15/2013   200,000 225,251
Comcast Corp.      
5.875%, 02/15/2018   1,000,000 1,101,396
6.450%, 03/15/2037   1,000,000 1,023,651
President and Fellows of Harvard      
College      
6.500%, 01/15/2039 (S)   21,300,000 25,629,225
Volkswagen International Finance NV      
0.917%, 04/01/2014 (P)(S)   3,000,000 3,000,927
 
      36,364,855
Consumer Staples - 0.07%      
Anheuser-Busch Companies, Inc.      
5.500%, 01/15/2018   200,000 219,152
Kraft Foods, Inc.      
6.250%, 06/01/2012   37,000 39,242
Philip Morris International, Inc.      
5.650%, 05/16/2018   2,000,000 2,222,622
 
      2,481,016
Energy - 1.30%      
El Paso Corp.      
7.750%, 01/15/2032   5,475,000 6,131,201
Gazprom via Gaz Capital SA      
6.212%, 11/22/2016 (S)   700,000 764,400
6.510%, 03/07/2022   3,000,000 3,195,000
Gazprom via Gazprom International SA      
7.201%, 02/01/2020   51,752 56,183
Gazprom via Morgan Stanley Bank AG      
9.625%, 03/01/2013   100,000 113,600
Gazprom via White Nights Finance BV      
10.500%, 03/08/2014   1,000,000 1,204,000
NGPL PipeCo LLC      
6.514%, 12/15/2012 (S)   3,200,000 3,425,914
Novatek Finance, Ltd.      
5.326%, 02/03/2016 (S)   1,100,000 1,129,836
Peabody Energy Corp.      
7.875%, 11/01/2026   1,200,000 1,351,500
Petrobras International Finance Company      
3.875%, 01/27/2016   9,100,000 9,149,267
5.875%, 03/01/2018   10,000,000 10,582,870

 

378

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy (continued)      
Petroleos Mexicanos      
5.500%, 01/21/2021 $ 8,200,000 $ 8,323,000
Ras Laffan Liquefied Natural Gas      
Company, Ltd. III      
5.838%, 09/30/2027 (S)   1,500,000 1,504,155
Shell International Finance BV      
5.500%, 03/25/2040   400,000 404,994
 
      47,335,920
Financials - 21.85%      
AK Transneft OJSC via      
TransCapitalInvest, Ltd.      
8.700%, 08/07/2018 (S)   1,300,000 1,608,750
Allstate Life Global Funding Trusts      
5.375%, 04/30/2013   3,000,000 3,234,687
Ally Financial, Inc.      
3.512%, 02/11/2014 (P)   600,000 601,460
5.375%, 06/06/2011   16,700,000 16,804,375
6.000%, 05/23/2012   2,400,000 2,466,000
6.250%, 12/01/2017 (S)   2,900,000 2,954,375
7.000%, 02/01/2012   4,400,000 4,537,500
7.500%, 09/15/2020 (S)   100,000 106,625
8.300%, 02/12/2015   2,600,000 2,850,250
American Express Bank FSB      
6.000%, 09/13/2017   300,000 331,970
American Express Centurion Bank      
5.550%, 10/17/2012   2,500,000 2,647,803
6.000%, 09/13/2017   300,000 333,763
American Express Company      
7.000%, 03/19/2018   1,000,000 1,166,776
American Express Credit Corp.      
5.875%, 05/02/2013   2,800,000 3,021,385
American Express Travel Related      
Services Company, Inc.      
5.250%, 11/21/2011 (S)   8,800,000 9,045,749
American General Finance Corp.      
5.625%, 08/17/2011   10,000,000 10,012,500
American International Group, Inc.      
0.409%, 03/20/2012 (P)   5,200,000 5,156,320
0.413%, 10/18/2011 (P)   300,000 298,677
4.900%, 06/02/2014 CAD 3,000,000 3,125,322
4.950%, 03/20/2012 $ 700,000 720,770
5.050%, 10/01/2015   800,000 823,924
5.375%, 10/18/2011   3,300,000 3,337,125
5.450%, 05/18/2017   400,000 410,000
5.850%, 01/16/2018   100,000 104,071
6.400%, 12/15/2020   1,800,000 1,918,899
8.250%, 08/15/2018   200,000 233,696
American International Group, Inc.      
(8.175% to 05/15/2038, then 3 month      
LIBOR + 4.195%)      
05/15/2058   12,500,000 13,453,125
ANZ National International, Ltd.      
6.200%, 07/19/2013 (S)   3,900,000 4,251,515
Australia & New Zealand Banking      
Group, Ltd.      
2.125%, 01/10/2014 (S)   4,700,000 4,697,674
Banco Nacional De Desenvolvimento      
Economico E Social      
4.125%, 09/15/2017 (S) EUR 1,100,000 1,487,989
Banco Santander Brasil SA      
4.500%, 04/06/2015 (S) $ 600,000 609,662
Banco Santander Chile      
1.553%, 04/20/2012 (P)(S)   6,100,000 6,098,194

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Bank of America Corp.      
6.500%, 08/01/2016 $ 15,700,000 $ 17,347,856
Bank of America NA      
6.000%, 10/15/2036   1,400,000 1,360,815
Bank of China Hong Kong, Ltd.      
5.550%, 02/11/2020 (S)   1,200,000 1,230,257
Bank of Montreal      
2.850%, 06/09/2015 (S)   2,200,000 2,216,377
Bank of Nova Scotia      
1.650%, 10/29/2015 (S)   2,400,000 2,299,397
Barclays Bank Plc      
2.375%, 01/13/2014   1,800,000 1,808,741
Barclays Bank PLC      
2.500%, 01/23/2013   20,000,000 20,338,100
5.450%, 09/12/2012   12,500,000 13,252,138
BBVA Bancomer SA      
6.500%, 03/10/2021 (S)   2,900,000 2,862,364
BBVA Bancomer SA/institucion de      
Banca Multiple/Grupo Financing      
4.500%, 03/10/2016 (S)   1,400,000 1,401,184
BPCE SA      
2.375%, 10/04/2013 (S)   900,000 899,429
C10 Capital SPV, Ltd. (6.722% to      
12/31/2016, then 3 month      
LIBOR + 4.710%)      
12/31/2016 (Q)(S)   1,500,000 1,158,783
Caelus Re, Ltd.      
6.561%, 06/07/2011 (P)(S)   1,400,000 1,399,020
CIT Group, Inc.      
5.250%, 04/01/2014 (S)   1,000,000 1,005,444
7.000%, 05/01/2015   7,400,000 7,464,750
Citigroup Funding, Inc.      
2.250%, 12/10/2012   3,500,000 3,586,149
Citigroup, Inc.      
0.580%, 06/09/2016 (P)   9,600,000 9,035,827
2.312%, 08/13/2013 (P)   2,700,000 2,779,337
5.300%, 10/17/2012   1,600,000 1,687,386
5.500%, 08/27/2012 to 04/11/2013   14,700,000 15,658,430
5.625%, 08/27/2012   2,500,000 2,626,855
5.850%, 07/02/2013   1,000,000 1,077,263
6.125%, 08/25/2036   4,200,000 4,005,099
8.500%, 05/22/2019   1,400,000 1,725,314
Countrywide Financial Corp.      
5.800%, 06/07/2012   4,000,000 4,206,716
Credit Suisse/New York NY      
2.200%, 01/14/2014   2,200,000 2,206,622
Deutsche Bank AG/London      
6.000%, 09/01/2017   6,700,000 7,418,133
Dexia Credit Local      
0.710%, 03/05/2013 (P)(S)   25,700,000 25,526,371
0.784%, 04/29/2014 (P)(S)   11,400,000 11,334,758
0.959%, 09/23/2011 (P)(S)   5,300,000 5,308,915
Export-Import Bank of Korea      
4.000%, 01/29/2021   1,100,000 1,001,824
FIH Erhvervsbank A/S      
0.680%, 06/13/2013 (P)(S)   40,100,000 40,065,394
Ford Motor Credit Company LLC      
7.000%, 10/01/2013   500,000 539,363
7.250%, 10/25/2011   100,000 102,908
7.500%, 08/01/2012   3,600,000 3,837,236
7.800%, 06/01/2012   1,600,000 1,696,248
8.000%, 12/15/2016   1,100,000 1,247,209
Fortis Bank Nederland Holding NV      
3.000%, 04/17/2012 EUR 1,600,000 2,296,074

 

379

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
General Electric Capital Corp.      
0.503%, 01/08/2016 (P) $ 1,200,000 $ 1,154,188
5.875%, 01/14/2038   4,200,000 4,146,551
General Electric Capital Corp. (5.500%      
to 09/15/2017, then 3 month      
EURIBOR + 2.000%)      
09/15/2067 (S) EUR 12,700,000 16,423,570
General Motors Acceptance Corp.      
8.000%, 11/01/2031 $ 5,100,000 5,663,147
GMAC, Inc.      
2.200%, 12/19/2012   1,800,000 1,842,842
Hartford Financial Services Group, Inc.,      
(8.125% to 06/15/2018, then 3 month      
LIBOR + 4.6025%)      
06/15/2038   1,500,000 1,642,500
HSBC Bank PLC      
2.000%, 01/19/2014 (S)   2,300,000 2,290,731
HSBC Holdings PLC      
6.500%, 05/02/2036 to 09/15/2037   2,900,000 2,962,262
ING Bank NV      
1.107%, 03/30/2012 (P)(S)   30,400,000 30,490,542
2.000%, 10/18/2013 (S)   1,200,000 1,185,572
2.650%, 01/14/2013 (S)   600,000 601,105
International Lease Finance Corp.      
1.037%, 08/15/2011 (P) EUR 2,400,000 3,337,352
5.300%, 05/01/2012 $ 2,800,000 2,849,000
5.750%, 06/15/2011   800,000 803,000
6.750%, 09/01/2016 (S)   2,100,000 2,247,000
Intesa Sanpaolo SpA      
2.375%, 12/21/2012   21,100,000 21,236,939
2.713%, 02/24/2014 (P)(S)   5,300,000 5,367,988
JPMorgan Chase & Company      
6.000%, 01/15/2018   2,500,000 2,736,918
JPMorgan Chase & Company, Series 1      
(7.900% to 04/30/2018, then 3 month      
LIBOR + 3.470%)      
04/30/2018 (Q)   1,700,000 1,859,987
JPMorgan Chase Bank NA      
6.000%, 10/01/2017   5,400,000 5,898,355
KeyBank NA      
0.840%, 11/21/2011 (P) EUR 200,000 279,166
LBG Capital No.1 PLC (8.500% to      
12/17/2021, then 3 month      
LIBOR + 6.921%)      
12/17/2021 (Q)(S) $ 700,000 677,250
LeasePlan Corp. NV      
3.125%, 02/10/2012 EUR 700,000 1,002,933
Lehman Brothers Holdings, Inc.      
zero coupon 11/24/2008      
to 07/18/2011 (H) $ 21,900,000 5,557,125
2.881%, 10/22/2008 (H)   6,100,000 1,547,875
6.875%, 05/02/2018 (H)   1,100,000 288,750
Lloyds TSB Bank PLC      
4.875%, 01/21/2016   2,800,000 2,883,586
Lloyds TSB Bank PLC (12.000% to      
12/16/2024, then 3 month      
LIBOR + 11.750%)      
12/16/2024 (Q)(S)   14,700,000 17,082,821
Merrill Lynch & Company, Inc.      
6.400%, 08/28/2017   4,300,000 4,681,376
6.875%, 04/25/2018   9,300,000 10,312,352
MetLife, Inc.      
6.400%, 12/15/2036   1,300,000 1,252,030
Metropolitan Life Global Funding I      
0.703%, 07/13/2011 (P)(S)   19,900,000 19,911,661

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Monumental Global Funding, Ltd.      
5.500%, 04/22/2013 (S) $ 2,300,000 $ 2,437,218
Morgan Stanley      
2.812%, 05/14/2013 (P)   9,400,000 9,731,284
7.300%, 05/13/2019   400,000 449,345
Mystic Re, Ltd.      
10.311%, 06/07/2011 (P)(S)   1,100,000 1,109,240
National Australia Bank, Ltd.      
5.350%, 06/12/2013 (S)   3,300,000 3,546,837
Nationwide Building Society      
6.250%, 02/25/2020 (S)   5,000,000 5,196,400
Nordea Bank AB      
2.125%, 01/14/2014 (S)   1,000,000 996,828
Pacific LifeCorp.      
6.000%, 02/10/2020 (S)   1,200,000 1,276,060
Petroleum Export, Ltd.      
5.265%, 06/15/2011 (S)   52,415 52,367
Pricoa Global Funding I      
0.404%, 01/30/2012 (P)(S)   3,900,000 3,883,004
0.509%, 09/27/2013 (P)(S)   3,300,000 3,254,754
Principal Life Income Funding Trusts      
5.300%, 04/24/2013   2,700,000 2,903,380
5.550%, 04/27/2015   4,300,000 4,671,821
Prudential Financial, Inc.      
6.625%, 12/01/2037   900,000 978,066
Qatari Diar Finance QSC      
5.000%, 07/21/2020 (S)   900,000 889,875
Resona Bank, Ltd. (5.850% to      
04/15/2016, then 3 month      
LIBOR + 2.770%)      
04/15/2016 (Q)(S)   700,000 691,310
Royal Bank of Scotland PLC      
0.707%, 04/08/2011 (P)(S)   4,600,000 4,600,170
3.000%, 12/09/2011 (S)   12,900,000 13,131,000
3.950%, 09/21/2015   4,100,000 4,098,282
RZD Capital, Ltd.      
5.739%, 04/03/2017   3,100,000 3,230,820
Santander US Debt SA Unipersonal      
1.107%, 03/30/2012 (P)(S)   22,700,000 22,488,731
2.991%, 10/07/2013 (S)   9,500,000 9,431,752
SLM Corp.      
3.125%, 09/17/2012 EUR 5,600,000 7,639,705
5.125%, 08/27/2012 $ 5,030,000 5,188,556
5.375%, 05/15/2014   1,300,000 1,346,662
6.250%, 01/25/2016   1,100,000 1,146,750
State Bank of India/London      
4.500%, 07/27/2015 (S)   2,900,000 2,955,596
SteelRiver Transmission Company LLC      
4.710%, 06/30/2017 (S)   4,000,000 3,951,280
Stone Street Trust      
5.902%, 12/15/2015 (S)   7,500,000 7,814,325
Sumitomo Mitsui Banking Corp.      
1.950%, 01/14/2014 (S)   2,100,000 2,077,923
Suntrust Bank      
0.822%, 12/20/2011 EUR 3,800,000 5,301,884
Swedbank AB      
3.625%, 12/02/2011   100,000 143,330
Sydney Airport Finance      
Company Pty, Ltd.      
5.125%, 02/22/2021 (S) $ 600,000 586,559
The Bear Stearns Companies LLC      
0.992%, 09/26/2013 (P) EUR 500,000 700,834
6.950%, 08/10/2012 $ 4,900,000 5,273,360
The Goldman Sachs Group, Inc.      
1.015%, 01/30/2017 EUR 1,000,000 1,318,608

 

380

 


John Hancock Variable Insurance Trust (Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
The Goldman Sachs Group, Inc. (continued)    
1.042%, 05/23/2016 (P) $ 2,600,000 $ 3,473,006
5.625%, 01/15/2017 $ 1,800,000 1,894,610
5.950%, 01/18/2018   8,200,000 8,791,384
6.150%, 04/01/2018   3,400,000 3,679,905
6.250%, 09/01/2017   6,600,000 7,217,219
6.375%, 05/02/2018 EUR 300,000 456,650
The Royal Bank of Scotland PLC      
2.625%, 05/11/2012 (S) $ 6,300,000 6,436,697
TNK-BP Finance SA      
6.125%, 03/20/2012 (S)   700,000 729,400
UBS AG      
1.413%, 02/23/2012 (P)   3,700,000 3,729,559
UBS AG/Stamford CT      
1.304%, 01/28/2014 (P)   1,000,000 1,009,148
5.750%, 04/25/2018   2,400,000 2,581,104
5.875%, 12/20/2017   2,600,000 2,834,780
Vnesheconombank Via VEB      
Finance, Ltd.      
5.450%, 11/22/2017 (S)   1,200,000 1,218,000
Wachovia Corp.      
5.625%, 10/15/2016   300,000 323,747
5.750%, 02/01/2018   7,600,000 8,358,989
Wells Fargo & Company, Series K      
(7.980% to 03/15/2018, then 3 month      
LIBOR + 3.770%)      
03/15/2018 (Q)   75,400,000 82,563,000
Westpac Banking Corp.      
0.783%, 07/16/2014 (P)(S)   1,000,000 1,004,276
3.585%, 08/14/2014 (S)   2,700,000 2,829,935
 
      797,306,816
Health Care - 0.23%      
AstraZeneca PLC      
5.900%, 09/15/2017   1,400,000 1,595,783
Roche Holdings, Inc.      
7.000%, 03/01/2039 (S)   5,600,000 6,818,521
 
      8,414,304
Industrials - 0.11%      
American Airlines, Series 2001-2,      
Class A-1      
6.978%, 04/01/2011   17,372 17,398
Noble Group, Ltd.      
6.750%, 01/29/2020   2,800,000 2,996,000
Odebrecht Drilling Norbe VIII/IX, Ltd.      
6.350%, 06/30/2021 (S)   1,100,000 1,159,125
 
      4,172,523
Materials - 0.67%      
Corporacion Nacional del Cobre de Chile      
6.150%, 10/24/2036 (S)   400,000 438,710
CSN Islands XI Corp.      
6.875%, 09/21/2019 (S)   5,000,000 5,550,000
CSN Resources SA      
6.500%, 07/21/2020 (S)   4,300,000 4,579,500
Gerdau Holdings, Inc.      
7.000%, 01/20/2020 (S)   2,800,000 3,101,000
Gerdau Trade, Inc.      
5.750%, 01/30/2021 (S)   900,000 911,250
Nucor Corp.      
5.750%, 12/01/2017   5,200,000 5,875,319
Rohm & Haas Company      
6.000%, 09/15/2017   2,100,000 2,315,359
Vale Overseas, Ltd.      
6.250%, 01/23/2017   700,000 778,082

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Materials (continued)      
Vale Overseas, Ltd. (continued)      
6.875%, 11/21/2036 $ 700,000 $ 744,850
 
      24,294,070
Telecommunication Services - 0.60%      
AT&T Corp.      
7.300%, 11/15/2011   1,538,000 1,601,684
AT&T, Inc.      
4.950%, 01/15/2013   500,000 532,216
5.500%, 02/01/2018   400,000 436,238
6.300%, 01/15/2038   300,000 302,136
Cellco Partnership/Verizon Wireless      
Capital LLC      
2.914%, 05/20/2011 (P)   10,700,000 10,735,021
Qtel International Finance, Ltd.      
3.375%, 10/14/2016 (S)   200,000 193,000
4.750%, 02/16/2021 (S)   300,000 279,750
Qwest Corp.      
7.625%, 06/15/2015   2,700,000 3,105,000
Telecom Italia Capital SA      
0.913%, 07/18/2011 (P)   4,800,000 4,800,614
 
      21,985,659
Utilities - 0.15%      
Dominion Resources, Inc.      
5.700%, 09/17/2012   150,000 159,355
Nisource Finance Corp.      
6.125%, 03/01/2022   4,800,000 5,214,658
PSEG Power LLC      
6.950%, 06/01/2012   100,000 106,562
 
      5,480,575
TOTAL CORPORATE BONDS (Cost $922,930,921) $ 947,835,738
 
CAPITAL PREFERRED SECURITIES - 0.70%    
Financials - 0.70%      
BAC Capital Trust VII      
5.250%, 08/10/2035 GBP 900,000 1,104,534
Citigroup Capital XXI (8.300% to      
12/21/2037, then 3 month      
LIBOR + 4.170%)      
12/21/2057 $ 13,700,000 14,248,000
JPMorgan Chase Capital XX      
6.550%, 09/29/2036   700,000 710,947
MUFG Capital Finance 5, Ltd. (6.299%      
to 01/25/2017, then 6 month GBP      
LIBOR + 2.060%)      
01/25/2017 (Q) GBP 700,000 1,075,214
RBS Capital Trust I (4.709% to      
07/01/2013, then 3 month      
LIBOR + 1.865%)      
07/01/2013 (Q) $ 2,100,000 1,611,750
State Street Capital Trust IV      
1.310%, 06/15/2037 (P)   600,000 495,088
UBS Preferred Funding Trust V (6.243%      
to 05/15/2016, then 3 month      
LIBOR + 1.615%)      
05/15/2016 (Q)   5,400,000 5,332,500
USB Capital IX (6.189% to 04/15/2011,      
then 3 month LIBOR + 1.020%)      
06/17/2011 (Q)   500,000 418,750

 

381

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
CAPITAL PREFERRED SECURITIES (continued)    
Financials (continued)    
ZFS Finance USA Trust IV (5.875% to    
05/09/2012, then 3 month    
LIBOR + 1.815%)    
05/09/2032 (S) $ 438,000 $ 436,257
    25,433,040
TOTAL CAPITAL PREFERRED    
SECURITIES (Cost $22,964,714) $ 25,433,040
 
CONVERTIBLE BONDS - 0.52%    
Energy - 0.52%    
Chesapeake Energy Corp.    
2.250%, 12/15/2038 $ 900,000 $ 826,875
Transocean, Inc.    
1.500%, 12/15/2037 18,400,000 18,101,000
 
    18,927,875
TOTAL CONVERTIBLE BONDS (Cost $17,802,877) $ 18,927,875
 
MUNICIPAL BONDS - 2.82%    
Alaska - 0.19%    
Northern Tobacco Securitization Corp.    
5.000%, 06/01/2046 12,000,000 7,059,240
California - 0.76%    
Bay Area Toll Authority    
7.043%, 04/01/2050 4,200,000 4,327,302
California Infrastructure & Economic    
Development Bank    
6.486%, 05/15/2049 1,100,000 1,092,289
California State University    
6.484%, 11/01/2041 2,000,000 1,969,520
City of Los Angeles CA    
5.713%, 06/01/2039 1,000,000 926,680
Los Angeles County Public Works    
Financing Authority    
7.488%, 08/01/2033 500,000 517,030
7.618%, 08/01/2040 800,000 785,896
Los Angeles Unified School District    
4.500%, 07/01/2022 6,200,000 6,241,602
6.758%, 07/01/2034 3,300,000 3,453,780
State of California    
5.650%, 04/01/2039 (P) 1,200,000 1,258,428
7.500%, 04/01/2034 1,300,000 1,403,493
7.550%, 04/01/2039 1,300,000 1,419,600
7.600%, 11/01/2040 2,600,000 2,849,158
University of California    
6.398%, 05/15/2031 500,000 492,150
6.548%, 05/15/2048 800,000 790,416
 
    27,527,344
Illinois - 0.42%    
Chicago Illinois Transit Authority    
6.200%, 12/01/2040 1,300,000 1,154,075
Chicago Illinois Transit Authority,    
Series A    
6.300%, 12/01/2021 200,000 209,908
Chicago Illinois Transit    
Authority, Series B    
6.300%, 12/01/2021 400,000 419,816
6.899%, 12/01/2040 3,300,000 3,247,365
Chicago Transit Authority, Series A    
6.899%, 12/01/2040 3,400,000 3,345,770
Illinois Municipal Electric Agency    
6.832%, 02/01/2035 2,700,000 2,697,408

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
Illinois (continued)      
State of Illinois      
4.071%, 01/01/2014 $ 3,400,000 $ 3,419,278
6.900%, 03/01/2035   1,000,000 990,680
 
      15,484,300
Iowa - 0.19%      
State of Iowa      
6.750%, 06/01/2034   6,400,000 6,705,664
Tobacco Settlement Authority of Iowa,      
Series A      
6.500%, 06/01/2023   370,000 332,589
 
      7,038,253
Nebraska - 0.01%      
Public Power Generation Agency      
7.242%, 01/01/2041   500,000 515,280
Nevada - 0.38%      
City of North Las Vegas      
6.572%, 06/01/2040   11,600,000 11,532,140
County of Clark      
6.820%, 07/01/2045   2,200,000 2,173,820
 
      13,705,960
New Jersey - 0.37%      
New Jersey State Turnpike Authority      
7.414%, 01/01/2040   12,000,000 13,434,360
New York - 0.31%      
New York City Municipal Water      
Finance Authority      
5.882%, 06/15/2044   5,100,000 5,115,810
6.011%, 06/15/2042   1,000,000 1,025,780
6.282%, 06/15/2042   5,100,000 5,133,252
 
      11,274,842
North Carolina - 0.09%      
North Carolina Turnpike Authority      
6.700%, 01/01/2039   3,000,000 3,094,560
Ohio - 0.09%      
American Municipal Power-Ohio, Inc.      
8.084%, 02/15/2050   2,700,000 3,084,885
Rhode Island - 0.01%      
Tobacco Settlement Financing Corp.      
6.250%, 06/01/2042   500,000 432,455
Wisconsin - 0.00%      
Wisconsin State Clean Water Revenue      
5.100%, 06/01/2021   110,000 115,965
5.100%, 06/01/2022   25,000 26,356
 
      142,321
TOTAL MUNICIPAL BONDS (Cost $102,311,492) $ 102,793,800
 
TERM LOANS (M) - 0.15%      
Financials - 0.08%      
American General Finance Corp.      
7.250%, 04/08/2015   3,000,000 3,001,407
Consumer Discretionary - 0.07%      
Ford Motor Company      
3.020%, 12/15/2013   2,646,124 2,643,213
TOTAL TERM LOANS (Cost $5,645,730)   $ 5,644,620

 

382

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 5.22%      
Commercial & Residential - 4.17%      
American Home Mortgage      
Investment Trust, Series 2004-4,      
Class 4A      
2.250%, 02/25/2045 (P) $ 843,959 $ 770,768
Arran Residential      
Mortgages Funding PLC      
Series 2010-1A, Class A1B,      
2.291%, 05/16/2047 (S) EUR 1,762,636 2,499,316
Series 2010-1A, Class A2B,      
2.491%, 05/16/2047 (S)   5,200,000 7,372,945
Banc of America Large Loan, Inc.,      
Series 2010-HLTN, Class HLTN      
2.005%, 11/15/2015 (P)(S) $ 2,657,548 2,512,392
Bank of America Funding Corp.      
Series 2005-D, Class A1,      
2.828%, 05/25/2035 (P)   1,537,073 1,500,123
Series 2004-A, Class 1A3,      
4.963%, 09/20/2034 (P)   412,682 419,194
Bank of America      
Mortgage Securities, Inc.      
Series 2004-2, Class 5A1,      
6.500%, 10/25/2031   18,098 18,357
Series 2004-1, Class 5A1,      
6.500%, 09/25/2033   136,100 141,565
Bear Stearns Adjustable      
Rate Mortgage Trust      
Series 2005-4, Class 2A1,      
2.643%, 05/25/2035 (P)   2,515,201 2,106,013
Series 2005-2, Class A1,      
2.710%, 03/25/2035 (P)   14,284,483 13,695,862
Series 2002-11, Class 1A2,      
2.770%, 02/25/2033 (P)   149,633 137,215
Series 2003-8, Class 2A1,      
2.859%, 01/25/2034 (P)   832,640 836,576
Series 2004-6, Class 1A1,      
2.950%, 09/25/2034 (P)   104,553 79,235
Series 2004-3, Class 1A2,      
2.954%, 07/25/2034 (P)   67,849 57,193
Series 2004-9, Class 2A1,      
3.033%, 09/25/2034 (P)   108,451 86,031
Series 2004-7, Class 1A1,      
3.336%, 10/25/2034 (P)   83,835 65,558
Series 2004-9, Class 22A1,      
3.607%, 11/25/2034 (P)   955,929 954,185
Bear Stearns Alt-A Trust      
Series 2006-8, Class 3A1,      
0.410%, 02/25/2034 (P)   1,881,575 1,531,661
Series 2005-7, Class 22A1,      
2.987%, 09/25/2035 (P)   1,482,709 1,152,648
Bear Stearns Commercial      
Mortgage Securities, Inc.      
Series 2007-T26, Class A4,      
5.471%, 01/12/2045 (P)   2,000,000 2,143,630
Series 2007-PW18, Class A4,      
5.700%, 06/13/2050   5,200,000 5,535,103
Citigroup Mortgage Loan Trust, Inc.      
Series 2005-6, Class A1,      
2.510%, 08/25/2035 (P)   13,118,728 12,407,903
Series 2005-11, Class A2A,      
2.670%, 12/25/2035 (P)   577,747 557,824
Commercial Mortgage Pass-Through      
Certificates, Series 2006-C8, Class A4      
5.306%, 12/10/2046   4,100,000 4,316,633

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Countrywide Alternative Loan Trust      
Series 2007-OA6, Class A1B,      
0.450%, 06/25/2037 (P) $ 13,185,455 $ 8,085,835
Series 2003-J3, Class 2A1,      
6.250%, 12/25/2033   44,923 46,166
Countrywide Home Loan Mortgage      
Pass Through Trust      
Series 2004-HYB9, Class 1A1,      
2.812%, 02/20/2035 (P)   4,163,569 3,559,256
Series 2005-HYB9, Class 3A2A,      
3.017%, 02/20/2036 (P)   615,064 512,080
Series 2004-22, Class A3,      
3.118%, 11/25/2034 (P)   2,375,218 2,058,506
Series 2003-10, Class A2,      
5.750%, 05/25/2033   16,197 16,355
Countrywide Home Loans      
Series 2005-3, Class 1A2,      
0.540%, 04/25/2035 (P)   390,806 246,241
Series 2004-12, Class 11A2,      
2.984%, 08/25/2034 (P)   70,722 55,997
Series 2003-R4, Class 2A,      
6.500%, 01/25/2034 (P)(S)   162,838 164,433
Credit Suisse First Boston Mortgage      
Securities Corp., Series 2004-AR8,      
Class 2A1      
2.836%, 09/25/2034 (P)   265,635 254,458
Credit Suisse Mortgage      
Capital Certificates      
Series 2006-C2, Class A3,      
5.660%, 03/15/2039 (P)   700,000 751,684
Series 2007-C5, Class A4,      
5.695%, 09/15/2040 (P)   11,200,000 11,622,244
European Loan Conduit, Series 25X,      
Class A      
1.243%, 05/15/2019 (P) EUR 514,699 648,406
First Nationwide Trust, Series 2001-3,      
Class 1A1      
6.750%, 08/21/2031 $ 3,958 4,081
GMAC Mortgage Corp Loan Trust,      
Series 2005-AR6, Class 3A1      
5.164%, 11/19/2035 (P)   609,772 550,642
Greenpoint Mortgage Funding Trust      
Series 2006-AR6, Class A1A,      
0.330%, 10/25/2046 (P)   611,485 558,717
Series 2006-AR8, Class 1A1A,      
0.330%, 01/25/2047 (P)   643,393 593,143
Greenwich Capital      
Commercial Funding Corp.      
Series 2005-GG3, Class A4,      
4.799%, 08/10/2042 (P)   300,000 316,158
Series 2007-GG9, Class A4,      
5.444%, 03/10/2039   1,600,000 1,691,147
GS Mortgage Securities Corp. II,      
Series 2007-EOP, Class A1      
1.143%, 03/06/2020 (P)(S)   3,951,640 3,951,596
GSR Mortgage Loan Trust,      
Series 2005-AR7, Class 6A1      
5.181%, 11/25/2035 (P)   2,482,332 2,385,812
Harborview Mortgage Loan Trust,      
Series 2005-2, Class 2A1A      
0.474%, 05/19/2035 (P)   562,964 384,174
Holmes Master Issuer PLC,      
Series 2011-1A, Class A3      
2.339%, 10/15/2054 (P)(S) EUR 2,900,000 4,114,346

 

383

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Indymac ARM Trust, Series 2001-H2,      
Class A2      
1.959%, 01/25/2032 (P) $ 7,560 $ 6,372
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2010-C2, Class A3,      
4.070%, 11/15/2043 (S)   5,000,000 4,799,990
Series 2007-LDPX, Class A3,      
5.420%, 01/15/2049   500,000 526,572
Series 2007-LD12, Class A4,      
5.882%, 02/15/2051 (P)   1,200,000 1,282,938
JPMorgan Mortgage Trust      
Series 2005-A1, Class 6T1,      
5.041%, 02/25/2035 (P)   911,092 924,364
Series 2005-S3, Class 1A2,      
5.750%, 01/25/2036   401,640 376,044
Mellon Residential Funding Corp.,      
Series 2000-TBC2, Class A1      
0.735%, 06/15/2030 (P)   1,643,116 1,620,071
Merrill Lynch Mortgage Investors, Inc.      
Series 2005-A10, Class A,      
0.460%, 02/25/2036 (P)   1,136,974 866,391
Series 2005-3, Class 5A,      
0.500%, 11/25/2035 (P)   933,050 840,836
Series 2005-2, Class 3A,      
1.250%, 10/25/2035 (P)   515,943 449,555
Merrill Lynch/Countrywide Commercial      
Mortgage Trust, Series 2007-6,      
Class A4      
5.485%, 03/12/2051 (P)   1,300,000 1,359,637
Morgan Stanley Capital I      
Series 2007-XLFA, Class A1,      
0.315%, 10/15/2020 (P)(S)   660,518 634,965
Series 2007-IQ14, Class A2FX,      
5.610%, 04/15/2049   5,582,186 5,649,656
Series 2007-IQ16, Class A4,      
5.809%, 12/12/2049   400,000 431,633
Morgan Stanley Reremic Trust,      
Series 2009-GG10, Class A4A      
5.808%, 08/12/2045 (S)(P)   1,300,000 1,402,451
Nomura Asset Acceptance Corp.,      
Series 2004-R1, Class A2      
7.500%, 03/25/2034 (S)   228,049 231,310
Prime Mortgage Trust      
Series 2004-CL1, Class 2A2,      
0.650%, 02/25/2019 (P)   40,832 39,921
Series 2004-CL1, Class 1A2,      
0.650%, 02/25/2034 (P)   332,743 305,017
Residential Funding      
Mortgage Securities I      
Series 2004-S2, Class A1,      
5.250%, 03/25/2034   28,670 28,833
Series 2004-S9, Class 1A23,      
5.500%, 12/25/2034   300,000 280,159
Sovereign Commercial Mortgage      
Securities Trust, Series 2007-C1,      
Class A2      
5.825%, 07/22/2030 (P)(S)   633,246 651,071
Structured Adjustable Rate Mortgage      
Loan Trust, Series 2004-8, Class 3A      
2.603%, 07/25/2034 (P)   197,464 182,533

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Structured Asset      
Mortgage Investments, Inc.      
Series 2005-AR2, Class 2A1,      
0.480%, 05/25/2045 (P) $ 50,297 $ 34,051
Series 2005-AR5, Class A3,      
0.504%, 07/19/2035 (P)   2,329,144 2,193,167
Structured Asset Securities Corp.      
Series 2001-21A, Class 1A1,      
2.364%, 01/25/2032 (P)   24,199 20,996
Series 2002-1A, Class 4A,      
2.680%, 02/25/2032 (P)   26,013 25,181
Series 2006-11, Class A1,      
2.768%, 10/25/2035 (P)(S)   1,211,131 991,660
Thornburg Mortgage Securities Trust      
Series 2006-6, Class A1,      
0.360%, 11/25/2046 (P)   1,400,791 1,382,544
Series 2006-5, Class A1,      
0.370%, 10/25/2046 (P)   3,503,895 3,471,144
Wachovia Bank      
Commercial Mortgage Trust      
Series 2007-WHL8, Class A1,      
0.335%, 06/15/2020 (P)(S)   4,468,950 4,137,573
Series 2006-WL7A, Class A1,      
0.345%, 09/15/2021 (P)(S)   7,137,583 7,073,939
WaMu Mortgage Pass-      
Through Certificates      
Series 2005-AR6, Class 2A1A,      
0.480%, 04/25/2045 (P)   54,995 47,482
Series 2005-AR13, Class A1A1,      
0.540%, 10/25/2045 (P)   536,238 462,118
Series 2005-AR2, Class 2A1A,      
0.560%, 01/25/2045 (P)   32,082 27,015
Series 2002-AR17, Class 1A,      
1.512%, 11/25/2042 (P)   235,835 208,423
Series 2002-AR2, Class A,      
2.734%, 02/27/2034 (P)   96,448 98,627
Washington Mutual      
Mortgage Securities Corp.      
Series 2002-AR9, Class 1A,      
1.712%, 08/25/2042 (P)   832,155 751,704
Series 2003-AR1, Class 2A,      
2.359%, 02/25/2033 (P)   185,972 172,712
Washington Mutual, Inc.,      
Series 2002-AR6, Class A      
1.712%, 06/25/2042 (P)   9,824 8,143
Wells Fargo Mortgage      
Backed Securities Trust      
Series 2006-AR2, Class 2A1,      
2.772%, 03/25/2036 (P)   2,612,816 2,326,457
Series 2004-CC, Class A1,      
4.910%, 01/25/2035 (P)   2,249,866 2,260,714
U.S. Government Agency - 1.05%      
Federal Home Loan Mortgage Corp.      
Series 2007-3335, Class BF,      
0.405%, 07/15/2019 (P)   2,215,362 2,217,838
Series 3335, Class FT,      
0.405%, 08/15/2019 (P)   5,253,931 5,260,230
Series 3149, Class LF,      
0.555%, 05/15/2036 (P)   1,806,365 1,805,052
Series T-63, Class 1A1,      
1.518%, 02/25/2045 (P)   243,405 235,281
Series 2901, Class UB,      
5.000%, 03/15/2033   800,000 846,950

 

384

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal Home Loan Mortgage Corp. (continued)    
Series 2906, Class GZ,      
5.000%, 09/15/2034 $ 409,785 $ 427,657
Series 2935, Class HJ,      
5.000%, 02/15/2035   400,000 423,795
Series 2941, Class WE,      
5.000%, 03/15/2035   400,000 420,417
Series 24989, Class PE,      
6.000%, 08/15/2032   655,893 715,812
Series 2503, Class PZ,      
6.000%, 09/15/2032   2,328,447 2,574,601
Series 2362, Class ZA,      
6.500%, 09/15/2031   641,841 723,155
Series 2204, Class Z,      
7.500%, 12/20/2029   682,787 786,193
Series 2247, Class Z,      
7.500%, 08/15/2030   362,482 415,615
Federal National Mortgage Association      
Series 2007-73, Class A1,      
0.310%, 07/25/2037 (P)   202,370 199,636
Series 2004-11, Class A,      
0.370%, 03/25/2034 (P)   34,870 32,643
Series 2007-30, Class AF,      
0.560%, 04/25/2037 (P)   2,707,228 2,676,987
Series 2004-W2, Class 1A3F,      
0.600%, 02/25/2044 (P)   91,418 91,340
Series 2003-116, Class FA,      
0.650%, 11/25/2033 (P)   229,720 229,926
Series 2005-75, Class FL,      
0.700%, 09/25/2035 (P)   4,949,455 4,900,252
Series 2006-5, Class 3A2,      
2.558%, 05/25/2035 (P)   286,437 296,894
Series 2003-21, Class M,      
5.000%, 02/25/2017   130,226 132,275
Series 2005-9, Class ZA,      
5.000%, 02/25/2035   680,141 709,453
Series 2005-14, Class KZ,      
5.000%, 03/25/2035   135,464 131,358
Series 2002-56, Class ZQ,      
6.000%, 09/25/2032   8,943,359 9,856,731
Series 2004-T1, Class 1A1,      
6.000%, 01/25/2044   230,039 248,900
Series 2003-W1, Class 1A1,      
6.399%, 12/25/2042 (P)   408,486 447,131
Government National      
Mortgage Association      
Series 2004-105, Class JZ,      
5.000%, 12/20/2034   136,595 144,921
Series 2005-3, Class JZ,      
5.000%, 01/16/2035   136,028 132,255
Series 2005-3, Class KZ,      
5.000%, 01/16/2035   136,028 145,003
Series 2005-21, Class Z,      
5.000%, 03/20/2035   1,079,214 1,139,818
 
      38,368,119
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $193,646,184)   $ 190,421,495
 
ASSET BACKED SECURITIES - 1.96%      
Bear Stearns Asset Backed      
Securities Trust, Series 2007-HE5,      
Class 1A1      
0.340%, 06/25/2047 (P)   603,906 582,793

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
Countrywide Asset-Backed Certificates,      
Series 2006-25, Class 2A1      
0.320%, 06/25/2047 (P) $ 158,468 $ 156,654
Daimler Chrysler Auto Trust,      
Series 2008-B, Class A3B      
1.740%, 09/10/2012 (P)   483,323 484,059
Duane Street CLO, Series 2005-1A,      
Class A      
0.562%, 11/08/2017 (P)(S)   38,038,719 36,429,035
EMC Mortgage Loan Trust,      
Series 2001-A Class A      
0.620%, 05/25/2040 (P)(S)   1,138,813 932,398
GSRPM Mortgage Loan Trust,      
Series 2003-1, Class A2      
0.950%, 01/25/2032 (P)   10,898 10,097
Hillmark Funding, Series 2006-1A,      
Class A1      
0.563%, 05/21/2021 (P)(S)   10,800,000 10,094,922
HSI Asset Securitization Corp. Trust,      
Series 2006-HE2, Class 2A1      
0.300%, 12/25/2036 (P)   58,732 58,210
Long Beach Mortgage Loan Trust,      
Series 2004-4, Class 1A1      
0.530%, 10/25/2034 (P)   86,584 72,288
Master Asset Backed Securities Trust,      
Series 2007-HE1, Class A1      
0.330%, 05/25/2037 (P)   615,500 588,542
Park Place Securities, Inc.,      
Series 2004-MCW1, Class A1      
0.562%, 10/25/2034 (P)   270,477 268,559
Penta CLO SA, Series 2007-1X,      
Class A1      
1.478%, 06/04/2024 (P) EUR 1,065,138 1,362,753
SLM Student Loan Trust      
Series 2008-9, Class A,      
1.803%, 04/25/2023 (P) $ 17,355,164 17,913,856
Series 2010-C, Class A2,      
2.905%, 12/16/2019 (P)(S)   1,000,000 1,023,787
Soundview Home Equity Loan Trust,      
Series 2007-OPT1, Class 2A1      
0.330%, 06/25/2037 (P)   1,511,022 1,320,008
Structured Asset Securities Corp.,      
Series 2006-BC3, Class A2      
0.300%, 10/25/2036 (P)   127,698 127,183
TOTAL ASSET BACKED SECURITIES (Cost $71,206,309) $ 71,425,144
 
PREFERRED SECURITIES - 0.20%      
Financials - 0.20%      
DG Funding Trust, 2.540%   981 $ 7,506,993
TOTAL PREFERRED SECURITIES (Cost $10,336,921) $ 7,506,993
 
SHORT-TERM INVESTMENTS - 34.58%    
Commercial Paper* - 7.54%      
Banco Bradesco SA      
1.291%, 06/27/2011 $ 33,600,000 $ 33,480,720
Daimler Finance North America LLC      
0.440%, 05/17/2011   600,000 599,663
Itau Unibanco Holding SA      
1.403%, 12/05/2011   1,900,000 1,881,227
1.605%, 02/06/2012   23,600,000 23,269,062
1.750%, 01/17/2012   11,700,000 11,497,673
Kells Funding LLC      
0.230%, 04/15/2011   3,100,000 3,099,723
0.280%, 06/29/2011   7,300,000 7,294,947
0.280%, 07/08/2011   13,200,000 13,189,939

 

385

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
SHORT-TERM INVESTMENTS (continued)    
Commercial Paper* (continued)      
Kells Funding LLC (continued)      
0.280%, 07/13/2011 $ 4,200,000 $ 4,196,635
0.280%, 07/18/2011   4,800,000 4,795,968
0.300%, 07/07/2011   8,400,000 8,393,210
0.310%, 05/12/2011   26,700,000 26,690,573
0.330%, 05/11/2011   18,400,000 18,393,253
0.340%, 05/06/2011   18,400,000 18,393,918
0.360%, 06/07/2011   6,000,000 5,995,980
Nissan Motor Acceptance Corp.      
0.600%, 06/22/2011   5,400,000 5,392,620
Straight A Funding LLC      
0.170%, 04/04/2011   10,000,000 9,999,858
0.230%, 04/11/2011   9,300,000 9,299,406
0.240%, 06/02/2011   3,100,000 3,098,719
0.240%, 06/06/2011   5,300,000 5,297,668
0.250%, 05/05/2011   3,800,000 3,799,103
0.250%, 05/09/2011   9,100,000 9,097,599
0.250%, 05/09/2011   32,600,000 32,591,397
0.250%, 05/11/2011   1,700,000 1,699,528
0.250%, 05/11/2011   4,500,000 4,498,750
0.250%, 05/16/2011   500,000 499,844
0.250%, 05/18/2011   4,200,000 4,198,629
0.250%, 06/03/2011   800,000 799,650
0.250%, 06/03/2011   800,000 799,650
0.250%, 06/07/2011   2,700,000 2,698,744
 
      274,943,656
U.S. Government & Agency      
Obligations* - 22.95%      
U.S. Treasury Bill, 0.125%, 08/25/2011   70,553,000 70,498,523
U.S. Treasury Bill, 0.148%, 08/04/2011   45,000,000 44,961,041
U.S. Treasury Bill, 0.158%, 09/01/2011   91,800,000 91,728,507
U.S. Treasury Bill, 0.160%, 07/14/2011   137,600,000 137,498,545
U.S. Treasury Bill, 0.161%, 07/28/2011   107,600,000 107,537,811
U.S. Treasury Bill,      
0.165%, 08/18/2011 (F)   202,400,000 202,236,005
U.S. Treasury Bill,      
0.175%, 08/11/2011 (F)   144,600,000 144,507,756
U.S. Treasury Bill, 0.183%, 06/23/2011   2,800,000 2,799,310
U.S. Treasury Bill, 0.207%, 06/16/2011   11,900,000 11,896,437
U.S. Treasury Bill, 0.229%, 06/30/2011   23,600,000 23,593,736
 
      837,257,671
Repurchase Agreement - 4.09%      
Citigroup Tri-Party Repurchase      
Agreement dated 03/31/2011 at      
0.150% to be repurchased at      
$6,600,028 on 04/01/2011,      
collateralized by $6,735,000 Federal      
Home Loan Mortgage Corp., 1.000%      
due 03/21/2013 (valued at $6,728,622,      
including interest)   6,600,000 6,600,000
Deutsche Bank Tri-Party Repurchase      
Agreement dated 03/31/2011 at      
0.100% to be repurchased at      
$37,000,103 on 04/01/2011,      
collateralized by $36,177,000      
U.S. Treasury Bonds, 4.750% due      
02/15/2041 (valued at $38,070,359,      
including interest)   37,000,000 37,000,000

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
SHORT-TERM INVESTMENTS (continued)    
Repurchase Agreement (continued)      
Morgan Stanley Tri-Party Repurchase      
Agreement dated 03/31/2011 at      
0.130% to be repurchased at      
$30,900,112 on 04/01/2011,      
collateralized by $33,831,000      
U.S. Treasury Notes, 2.625% due      
08/15/2020 (valued at $31,791,667,      
including interest) $ 30,900,000 $ 30,900,000
Morgan Stanley Tri-Party Repurchase      
Agreement dated 03/31/2011 at      
0.140% to be repurchased at      
$73,300.285 on 04/01/2011,      
collateralized by $46,760,000      
U.S. Treasury Notes, 2.750% due      
02/15/2019 (valued at $46,024,935,      
including interest) and $28,377,900      
U.S. Treasury Notes, 3.500% due      
05/15/2020 (valued at $29,247,659,      
including interest)   73,300,000 73,300,000
Repurchase Agreement with State      
Street Corp. dated 03/31/2011 at      
0.010% to be repurchased at      
$1,445,000 on 04/01/2011,      
collateralized by $1,475,000 Federal      
National Mortgage Association      
Discount Notes., 0.010% due      
05/02/2011 (valued at $1,475,000,      
including interest).   1,445,000 1,445,000
 
      149,245,000
TOTAL SHORT-TERM INVESTMENTS (Cost $1,261,446,327) $ 1,261,446,327
Total Investments (Total Return Trust)      
(Cost $3,932,975,144) - 108.71%   $ 3,965,893,175
Other assets and liabilities, net - (8.71%)   (317,862,033)
 
TOTAL NET ASSETS - 100.00%   $ 3,648,031,142
 
TBA SALE COMMITMENTS OUTSTANDING    
U.S. Government - (0.38)%      
U.S. Treasury Notes      
2.625%, 11/15/2020   (6,000,000) (5,590,782)
U.S. Treasury Notes      
3.625%, 02/15/2021   (8,100,000) (8,203,777)
 
      (13,794,559)
U.S. Government Agency - (0.33)%      
5.000%, TBA   (9,300,000) (9,716,733)
6.000%, TBA   (2,000,000) (2,193,795)
 
      (11,910,528)
TOTAL TBA SALE COMMITMENTS      
OUTSTANDING (Cost $(25,902,149))   $ (25,705,087)
 
 
 
Total Stock Market Index Trust  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 99.02%      
Consumer Discretionary - 11.68%      
Auto Components - 0.43%      
American Axle &      
Manufacturing Holdings, Inc. (I)(L)   1,576 $ 19,842

 

386

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Auto Components (continued)    
Amerigon, Inc. (I) 785 $ 11,987
BorgWarner, Inc. (I) 2,945 234,687
Cooper Tire & Rubber Company 1,660 42,745
Dana Holding Corp. (I) 3,216 55,926
Dorman Products, Inc. (I) 527 22,181
Drew Industries, Inc. 629 14,046
Exide Technologies (I) 2,135 23,869
Federal Mogul Corp. (I) 2,579 64,217
Fuel Systems Solutions, Inc. (I) 447 13,490
Gentex Corp. 3,535 106,934
Icahn Enterprises LP 1,894 75,684
Johnson Controls, Inc. 16,245 675,305
Modine Manufacturing Company (I) 1,044 16,850
Quantum Fuel Systems    
Technologies Worldwide, Inc. (I) 2,051 8,922
Spartan Motors, Inc. 933 6,400
Standard Motor Products, Inc. 572 7,911
Stoneridge, Inc. (I) 932 13,626
Superior Industries International, Inc. 760 19,486
Tenneco, Inc. (I)(L) 1,332 56,543
The Goodyear Tire & Rubber Company (I)(L) 6,237 93,430
TRW Automotive Holdings Corp. (I) 3,019 166,287
Wonder Auto Technology, Inc. (I) 330 1,789
 
    1,752,157
Automobiles - 0.68%    
Ford Motor Company (I) 85,329 1,272,255
General Motors Company (I) 37,124 1,151,958
Harley-Davidson, Inc. 5,920 251,541
Tesla Motors, Inc. (I)(L) 2,090 57,893
Thor Industries, Inc. (L) 1,431 47,752
Winnebago Industries, Inc. (I)(L) 939 12,554
 
    2,793,953
Distributors - 0.08%    
Audiovox Corp., Class A (I) 834 6,672
Core-Mark Holding Company, Inc. (I)(L) 358 11,832
Genuine Parts Company (L) 3,855 206,782
LKQ Corp. (I)(L) 3,598 86,712
Pool Corp. (L) 1,235 29,776
Weyco Group, Inc. 346 8,463
 
    350,237
Diversified Consumer Services - 0.31%    
American Public Education, Inc. (I) 485 19,618
Apollo Group, Inc., Class A (I) 3,677 153,368
Bridgepoint Education, Inc. (I)(L) 1,381 23,615
Capella Education Company (I) 411 20,464
Career Education Corp. (I) 1,987 45,145
Coinstar, Inc. (I) 784 36,001
Corinthian Colleges, Inc. (I)(L) 2,297 10,153
CPI Corp. (L) 134 3,016
DeVry, Inc. 1,788 98,465
Education Management Corp. (I)(L) 2,956 61,899
Grand Canyon Education, Inc. (I) 1,175 17,038
H&R Block, Inc. (L) 8,467 141,738
Hillenbrand, Inc. 1,560 33,540
ITT Educational Services, Inc. (I)(L) 886 63,925
K12, Inc. (I) 824 27,769
Learning Tree International, Inc. 517 4,544
Lincoln Educational Services Corp. 724 11,504
Mac-Gray Corp. 473 7,629
Matthews International Corp., Class A 756 29,144
Nobel Learning Communities, Inc. (I) 372 3,672
Pre-Paid Legal Services, Inc. (I)(L) 284 18,744
Princeton Review, Inc. (I) 1,213 463

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Diversified Consumer Services (continued)    
Regis Corp. (L) 1,465 $ 25,989
Service Corp. International 6,475 71,614
Sotheby’s (L) 1,738 91,419
Steiner Leisure, Ltd. (I) 383 17,718
Stewart Enterprises, Inc., Class A (L) 2,683 20,498
Stonemor Partners LP 452 12,787
Strayer Education, Inc. (L) 328 42,801
Universal Technical Institute, Inc. 645 12,545
Weight Watchers International, Inc. 1,933 135,503
 
    1,262,328
Hotels, Restaurants & Leisure - 1.99%    
AFC Enterprises, Inc. (I) 941 14,237
Ambassadors Group, Inc. 649 7,107
Ameristar Casinos, Inc. (L) 1,458 25,880
Bally Technologies, Inc. (I) 1,407 53,255
Biglari Holdings, Inc. (I) 42 17,789
BJ’s Restaurants, Inc. (I)(L) 742 29,183
Bob Evans Farms, Inc. 755 24,613
Boyd Gaming Corp. (I)(L) 2,281 21,373
Brinker International, Inc. 2,625 66,413
Buffalo Wild Wings, Inc. (I) 486 26,453
California Pizza Kitchen, Inc. (I) 687 11,597
Caribou Coffee Company, Inc. (I) 607 6,173
Carnival Corp. 15,254 585,143
Carrols Restaurant Group, Inc. (I) 696 6,452
CEC Entertainment, Inc. 565 21,317
Cedar Fair LP (L) 1,453 27,898
Chipotle Mexican Grill, Inc. (I)(L) 806 219,530
Choice Hotels International, Inc. (L) 1,424 55,322
Churchill Downs, Inc. 397 16,476
Cracker Barrel Old Country Store, Inc. (L) 568 27,912
Darden Restaurants, Inc. 3,483 171,120
Denny’s Corp. (I) 3,079 12,501
DineEquity, Inc. (I) 485 26,665
Domino’s Pizza, Inc. (I) 1,549 28,548
Dover Downs Gaming & Entertainment, Inc. 1,084 3,892
Einstein Noah Restaurant Group, Inc. 528 8,596
Empire Resorts, Inc. (I) 1,227 761
Frischs Restaurants, Inc. 223 4,739
Gaylord Entertainment Company (I)(L) 1,164 40,368
Great Wolf Resorts, Inc. (I) 1,360 2,870
Hyatt Hotels Corp., Class A (I) 4,309 185,459
International Game Technology (L) 7,480 121,400
International Speedway Corp., Class A (L) 1,154 34,389
Interval Leisure Group, Inc. (I) 1,530 25,016
Isle of Capri Casinos, Inc. (I) 967 9,187
Jack in the Box, Inc. (I)(L) 1,358 30,799
Krispy Kreme Doughnuts, Inc. (I)(L) 2,345 16,509
Las Vegas Sands Corp. (I) 16,619 701,654
Life Time Fitness, Inc. (I)(L) 1,080 40,295
Luby’s, Inc. (I) 908 4,803
Marcus Corp. 908 9,897
Marriott International, Inc., Class A (L) 8,920 317,374
McCormick & Schmick’s    
Seafood Restaurants, Inc. (I) 594 4,289
McDonald’s Corp. 26,257 1,997,895
MGM Resorts International (I)(L) 11,898 156,459
Monarch Casino & Resort, Inc. (I) 603 6,271
Morgans Hotel Group Company (I)(L) 1,110 10,878
Multimedia Games, Inc. (I) 1,173 6,721
O’Charley’s, Inc. (I)(L) 864 5,158
Orient-Express Hotels, Ltd., Class A (I)(L) 2,148 26,571
P.F. Chang’s China Bistro, Inc. 587 27,114
Panera Bread Company, Class A (I)(L) 761 96,647

 

387

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Papa John’s International, Inc. (I) 701 $ 22,201
Peet’s Coffee & Tea, Inc. (I)(L) 412 19,813
Penn National Gaming, Inc. (I)(L) 1,956 72,489
Pinnacle Entertainment, Inc. (I) 1,680 22,882
Red Lion Hotels Corp. (I) 788 6,462
Red Robin Gourmet Burgers, Inc. (I)(L) 453 12,186
Royal Caribbean Cruises, Ltd. (I) 5,405 223,010
Ruby Tuesday, Inc. (I) 1,518 19,901
Ruth’s Hospitality Group, Inc. (I)(L) 760 3,922
Scientific Games Corp., Class A (I) 2,387 20,862
Shuffle Master, Inc. (I) 1,636 17,472
Silverleaf Resorts, Inc. (I) 1,303 3,166
Sonic Corp. (I) 1,653 14,960
Speedway Motorsports, Inc. 1,114 17,802
Starbucks Corp. 18,545 685,238
Starwood Hotels &    
Resorts Worldwide, Inc. (L) 4,682 272,118
Texas Roadhouse, Inc., Class A (L) 1,825 31,007
The Cheesecake Factory, Inc. (I)(L) 1,536 46,218
Vail Resorts, Inc. (I)(L) 903 44,030
Wendy’s/Arby’s Group, Inc., Class A 11,848 59,595
WMS Industries, Inc. (I)(L) 1,380 48,783
Wyndham Worldwide Corp. 4,512 143,527
Wynn Resorts, Ltd. 3,108 395,493
Yum! Brands, Inc. 11,637 597,909
 
    8,200,014
Household Durables - 0.51%    
American Greetings Corp., Class A (L) 1,063 25,087
Beazer Homes USA, Inc. (I) 3,121 14,263
Blyth, Inc. 267 8,675
Cavco Industries, Inc. (I) 220 9,935
CSS Industries, Inc. 321 6,051
D.R. Horton, Inc. (L) 8,074 94,062
Ethan Allen Interiors, Inc. (L) 843 18,462
Fortune Brands, Inc. 3,862 239,019
Furniture Brands International, Inc. (I) 1,706 7,762
Garmin, Ltd. (I) 392 13,273
Harman International Industries, Inc. 1,775 83,106
Helen of Troy, Ltd. (I) 821 24,137
Hooker Furniture Corp. 426 5,095
Hovnanian Enterprises, Inc., Class A (I)(L) 2,447 8,638
iRobot Corp. (I) 728 23,944
Jarden Corp. 2,302 81,882
KB Home (L) 2,244 27,915
Kid Brands, Inc. (I) 879 6,461
La-Z-Boy, Inc. (I) 1,430 13,657
Leggett & Platt, Inc. (L) 3,693 90,479
Lennar Corp., Class A (L) 4,099 74,274
Libbey, Inc. (I) 261 4,307
M/I Homes, Inc. (I) 494 7,405
MDC Holdings, Inc. (L) 1,199 30,395
Meritage Homes Corp. (I)(L) 854 20,607
Mohawk Industries, Inc. (I) 1,725 105,484
Newell Rubbermaid, Inc. 7,011 134,120
NVR, Inc. (I)(L) 150 113,400
Pulte Group, Inc. (I)(L) 9,735 72,039
Ryland Group, Inc. 1,194 18,985
Sealy Corp. (I)(L) 2,735 6,947
Skyline Corp. 279 5,594
Standard Pacific Corp. (I)(L) 2,911 10,858
Stanley Black & Decker, Inc. 3,358 257,223
Stanley Furniture Company, Inc. (I) 419 2,313
Tempur-Pedic International, Inc. (I)(L) 1,861 94,278
Toll Brothers, Inc. (I)(L) 4,180 82,639

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Household Durables (continued)    
Tupperware Brands Corp. 1,614 $ 96,372
Universal Electronics, Inc. (I) 417 12,327
Whirlpool Corp. (L) 1,882 160,648
 
    2,112,118
Internet & Catalog Retail - 0.85%    
1-800-Flowers.com, Inc., Class A (I) 2,074 6,844
Amazon.com, Inc. (I) 11,188 2,015,294
Blue Nile, Inc. (I)(L) 391 21,110
drugstore.com, Inc. (I)(L) 3,397 13,078
Expedia, Inc. (L) 7,267 164,670
Gaiam, Inc., Class A 868 5,729
HSN, Inc. (I) 1,482 47,468
Liberty Media Corp. - Interactive, Series A (I) 14,985 240,359
Netflix, Inc. (I) 1,334 316,598
NutriSystem, Inc. 796 11,534
Orbitz Worldwide, Inc. (I) 2,470 8,818
Overstock.com, Inc. (I) 678 10,658
PetMed Express, Inc. 647 10,261
priceline.com, Inc. (I) 1,167 591,015
Shutterfly, Inc. (I)(L) 738 38,642
US Auto Parts Network, Inc. (I) 1,037 9,022
ValueVision Media, Inc. (I)(L) 1,133 7,206
Vitacost.com, Inc. (I) 508 2,896
 
    3,521,202
Leisure Equipment & Products - 0.16%    
Arctic Cat, Inc. (I) 718 11,165
Brunswick Corp. (L) 2,310 58,743
Callaway Golf Company (L) 1,865 12,719
Eastman Kodak Company (I)(L) 7,100 22,933
Hasbro, Inc. (L) 3,376 158,132
Jakks Pacific, Inc. (I)(L) 799 15,461
Johnson Outdoors, Inc. (I) 529 8,036
Leapfrog Enterprises, Inc. (I) 2,008 8,675
Marine Products Corp. (I)(L) 1,143 9,064
Mattel, Inc. 9,007 224,545
Polaris Industries, Inc. (L) 824 71,704
RC2 Corp. (I) 636 17,872
Smith & Wesson Holding Corp. (I) 1,683 5,975
Steinway Musical Instruments, Inc. (I) 327 7,263
Sturm Ruger & Company, Inc. 542 12,450
 
    644,737
Media - 3.07%    
Arbitron, Inc. 721 28,862
Belo Corp., Class A (I)(L) 2,730 24,051
Cablevision Systems Corp., Class A (L) 7,500 259,575
Carmike Cinemas, Inc. (I) 435 3,110
CBS Corp., Class B 17,172 429,987
Cinemark Holdings, Inc. 2,769 53,580
CKX, Inc. (I) 2,791 11,778
Clear Channel Outdoor    
Holdings, Inc., Class A (I) 9,238 134,413
Comcast Corp., Class A 69,631 1,721,278
Crown Media Holdings, Inc. (I)(L) 6,798 15,771
Cumulus Media, Inc., Class A (I)(L) 1,517 6,584
DIRECTV, Class A (I) 21,587 1,010,272
Discovery Communications, Inc., Series A (I) 7,038 280,816
DISH Network Corp. (I) 11,196 272,735
DreamWorks Animation SKG, Inc. (I)(L) 2,149 60,022
Entercom Communications Corp., Class A (I) 1,127 12,420
Entravision    
Communications Corp., Class A (I)(L) 3,353 9,087
EW Scripps Company (I) 1,307 12,939
Fisher Communications, Inc. (I) 347 10,785

 

388

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Gannett Company, Inc. (L) 6,039 $ 91,974
Global Traffic Network, Inc. (I) 828 10,325
Gray Television, Inc. (I) 1,835 3,798
Harte-Hanks, Inc. 1,749 20,813
John Wiley & Sons, Inc. 1,367 69,498
Journal Communications, Inc., Class A (I) 1,765 10,590
Knology, Inc. (I) 1,122 14,485
Lamar Advertising Company, Class A (I)(L) 2,335 86,255
Liberty Global, Inc., Series A (I)(L) 6,421 265,894
Liberty Media Corp. - Capital, Series A (I) 2,260 166,494
LIN TV Corp., Class A (I) 1,823 10,810
Live Nation Entertainment, Inc. (I) 4,329 43,290
LodgeNet Interactive Corp. (I)(L) 781 2,843
Madison Square Garden, Inc., Class A (I) 340 9,177
Martha Stewart Living    
Omnimedia, Inc., Class A (I) 1,185 4,396
Media General, Inc., Class A (I)(L) 1,543 10,616
Meredith Corp. (L) 1,091 37,007
Morningstar, Inc. 1,201 70,114
National CineMedia, Inc. 1,150 21,471
News Corp., Class A 65,270 1,146,141
Nexstar Broadcasting Group, Inc. (I) 954 8,271
Omnicom Group, Inc. 7,528 369,324
Outdoor Channel Holdings, Inc. (I) 836 6,237
PRIMEDIA, Inc. 1,484 7,227
Radio One, Inc., Class D (I) 3,517 6,858
ReachLocal, Inc. (I) 487 9,740
Reading International, Inc. (I) 1,170 5,909
Regal Entertainment Group (L) 3,802 51,327
Rentrak Corp. (I)(L) 417 11,226
Scholastic Corp. 917 24,796
Scripps Networks Interactive, Inc., Class A 4,088 204,768
Sinclair Broadcast Group, Inc., Class A 2,293 28,754
Sirius XM Radio, Inc. (I) 95,235 158,090
The Interpublic Group of Companies, Inc. 12,409 155,981
The McClatchy Company, Class A (I)(L) 3,415 11,611
The McGraw-Hill Companies, Inc. (L) 7,873 310,196
The New York Times Company, Class A (I)(L) 3,738 35,399
The Walt Disney Company 47,398 2,042,380
The Washington Post Company, Class B 231 101,076
Time Warner Cable, Inc. 8,814 628,791
Time Warner, Inc. 27,722 989,675
Valassis Communications, Inc. (I)(L) 1,244 36,250
Value Line, Inc. 304 4,499
Viacom, Inc., Class B 15,179 706,127
Virgin Media, Inc. (L) 8,321 231,241
Warner Music Group Corp. (I)(L) 4,067 27,534
Westwood One, Inc. (I)(L) 504 3,654
World Wrestling Entertainment, Inc., Class A 1,968 24,738
 
    12,655,735
Multiline Retail - 0.77%    
99 Cents Only Stores (I)(L) 1,790 35,084
Big Lots, Inc. (I) 2,091 90,812
Dillard’s, Inc., Class A 1,791 71,855
Dollar General Corp. (I) 8,606 269,798
Dollar Tree, Inc. (I) 3,121 173,278
Family Dollar Stores, Inc. 3,367 172,794
Fred’s, Inc., Class A (L) 1,116 14,865
J.C. Penney Company, Inc. 5,932 213,018
Kohl’s Corp. 7,574 401,725
Macy’s, Inc. 10,663 258,684
Nordstrom, Inc. 5,468 245,404
Retail Ventures, Inc. (I) 1,498 25,841
Saks, Inc. (I) 4,077 46,111

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Multiline Retail (continued)    
Sears Holdings Corp. (I)(L) 2,810 $ 232,247
Target Corp. 17,906 895,479
The Bon-Ton Stores, Inc. 601 9,316
Tuesday Morning Corp. (I) 1,447 7,090
 
    3,163,401
Specialty Retail - 2.11%    
Aaron’s, Inc. 2,022 51,278
Abercrombie & Fitch Company, Class A 2,222 130,431
Advance Auto Parts, Inc. (L) 2,106 138,196
Aeropostale, Inc. (I) 2,360 57,395
American Eagle Outfitters, Inc. 5,206 82,723
Americas Car-Mart, Inc. (I) 357 9,203
Ann, Inc. (I)(L) 1,540 44,829
Asbury Automotive Group, Inc. (I) 954 17,639
Ascena Retail Group, Inc. (I) 1,824 59,116
AutoNation, Inc. (I)(L) 3,725 131,753
AutoZone, Inc. (I)(L) 1,184 323,895
Barnes & Noble, Inc. (L) 1,504 13,822
Bebe Stores, Inc. 2,326 13,607
Bed Bath & Beyond, Inc. (I) 6,518 314,624
Best Buy Company, Inc. 10,436 299,722
Big 5 Sporting Goods Corp. 653 7,784
Books-A-Million, Inc. 615 2,540
Borders Group, Inc. (I) 2,331 606
Brown Shoe Company, Inc. (L) 1,176 14,371
Cabela’s, Inc. (I)(L) 1,758 43,968
CarMax, Inc. (I)(L) 5,637 180,948
Casual Male Retail Group, Inc. (I) 1,509 7,409
Charming Shoppes, Inc. (I) 3,230 13,760
Chico’s FAS, Inc. 4,502 67,080
Christopher & Banks Corp. 1,110 7,193
Citi Trends, Inc. (I) 394 8,782
Coldwater Creek, Inc. (I) 2,655 7,009
Collective Brands, Inc. (I)(L) 1,624 35,046
Conn’s, Inc. (I)(L) 634 2,840
Destination Maternity Corp. 394 9,090
Dick’s Sporting Goods, Inc. (I) 2,851 113,983
DSW, Inc., Class A (I)(L) 1,164 46,513
Express, Inc. 2,209 43,164
Foot Locker, Inc. 3,936 77,618
GameStop Corp., Class A (I)(L) 3,919 88,256
Genesco, Inc. (I) 526 21,145
Group 1 Automotive, Inc. (L) 657 28,120
Guess?, Inc. 2,313 91,017
Haverty Furniture Companies, Inc. 696 9,229
hhgregg, Inc. (I) 1,021 13,671
Hibbett Sports, Inc. (I) 783 28,039
Home Depot, Inc. 41,725 1,546,329
Hot Topic, Inc. 1,207 6,880
Jos. A. Bank Clothiers, Inc. (I) 691 35,158
Kirkland’s, Inc. (I) 591 9,125
Limited Brands, Inc. 8,102 266,394
Lithia Motors, Inc., Class A 616 8,981
Lowe’s Companies, Inc. 34,781 919,262
Lumber Liquidators Holdings, Inc. (I) 736 18,393
MarineMax, Inc. (I) 624 6,153
Midas, Inc. (I) 483 3,705
Monro Muffler Brake, Inc. 790 26,054
New York & Company, Inc. (I) 1,749 12,260
O’Reilly Automotive, Inc. (I) 3,436 197,433
Office Depot, Inc. (I) 8,120 37,596
OfficeMax, Inc. (I) 2,149 27,808
Pacific Sunwear of California, Inc. (I)(L) 1,943 7,014
Penske Automotive Group, Inc. (I)(L) 2,459 49,229

 

389

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Pep Boys - Manny, Moe & Jack (L) 1,510 $ 19,192
PetSmart, Inc. 3,089 126,495
Pier 1 Imports, Inc. (I) 2,797 28,390
RadioShack Corp. (L) 3,196 47,972
Rent-A-Center, Inc. 1,666 58,160
Ross Stores, Inc. (L) 2,983 212,151
Rue21, Inc. (I) 355 10,224
Sally Beauty Holdings, Inc. (I) 4,616 64,670
Select Comfort Corp. (I) 1,361 16,414
Shoe Carnival, Inc. (I) 412 11,557
Signet Jewelers, Ltd. (I) 2,155 99,173
Sonic Automotive, Inc. 852 11,937
Stage Stores, Inc. 1,084 20,834
Staples, Inc. 18,198 353,405
Stein Mart, Inc. 1,168 11,808
Syms Corp. (I) 523 3,515
Systemax, Inc. (I) 974 13,168
Talbots, Inc. (I)(L) 1,620 9,785
The Buckle, Inc. 1,168 47,187
The Cato Corp., Class A 771 18,890
The Children’s Place Retail Stores, Inc. (I) 693 34,532
The Finish Line, Inc., Class A (L) 1,437 28,524
The Gap, Inc. 16,373 371,012
The Men’s Wearhouse, Inc. 1,330 35,990
The Wet Seal, Inc., Class A (I)(L) 2,725 11,663
Tiffany & Company 3,135 192,614
TJX Companies, Inc. 9,827 488,697
Tractor Supply Company (L) 1,804 107,987
TravelCenters of America, LLC (I) 1,409 10,666
Ulta Salon, Cosmetics & Fragrance, Inc. (I) 1,515 72,917
Urban Outfitters, Inc. (I) 4,220 125,883
Vitamin Shoppe, Inc. (I) 340 11,502
West Marine, Inc. (I) 865 9,022
Williams-Sonoma, Inc. 2,719 110,120
Winmark Corp. 246 11,348
Zale Corp. (I)(L) 1,637 6,532
Zumiez, Inc. (I)(L) 860 22,730
 
    8,671,854
Textiles, Apparel & Luxury Goods - 0.72%    
American Apparel, Inc. (I) 2,036 1,962
Carter’s, Inc. (I) 1,425 40,798
Cherokee, Inc. 317 5,471
Coach, Inc. 7,453 387,854
Columbia Sportswear Company 825 49,022
CROCS, Inc. (I)(L) 2,314 41,282
Deckers Outdoor Corp. (I) 987 85,030
Fossil, Inc. (I)(L) 1,677 157,051
G-III Apparel Group, Ltd. (I) 515 19,354
Hanesbrands, Inc. (I)(L) 2,419 65,410
Iconix Brand Group, Inc. (I)(L) 1,874 40,254
Joe’s Jeans, Inc. (I) 1,189 1,260
K-Swiss, Inc., Class A (I) 1,064 11,991
Kenneth Cole Productions, Inc., Class A (I) 623 8,080
Liz Claiborne, Inc. (I)(L) 2,592 13,971
Maidenform Brands, Inc. (I)(L) 651 18,599
Movado Group, Inc. (L) 758 11,127
NIKE, Inc., Class B 12,017 909,687
Oxford Industries, Inc. (L) 535 18,292
Perry Ellis International, Inc. (I) 504 13,870
Phillips-Van Heusen Corp. 1,298 84,409
Polo Ralph Lauren Corp. 2,414 298,491
Quiksilver, Inc. (I)(L) 3,575 15,802
Skechers U.S.A., Inc., Class A (I) 1,191 24,463
Steven Madden, Ltd. (I)(L) 721 33,837

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods (continued)    
The Jones Group, Inc. 2,251 $ 30,951
The Timberland Company, Class A (I) 1,467 60,572
The Warnaco Group, Inc. (I)(L) 1,141 65,254
True Religion Apparel, Inc. (I)(L) 701 16,452
Under Armour, Inc., Class A (I)(L) 1,285 87,444
Unifi, Inc. (I) 759 12,903
VF Corp. (L) 2,746 270,563
Volcom, Inc. 719 13,323
Wolverine World Wide, Inc. 1,223 45,593
 
    2,960,422
 
    48,088,158
Consumer Staples - 8.94%    
Beverages - 1.85%    
Boston Beer Company, Inc. (I)(L) 429 39,734
Brown Forman Corp., Class B (L) 3,781 258,242
Central European Distribution Corp. (I) 1,544 17,524
Coca-Cola Bottling Company Consolidated 267 17,846
Coca-Cola Enterprises, Inc. 8,467 231,149
Constellation Brands, Inc., Class A (I) 5,815 117,928
Dr. Pepper Snapple Group, Inc. 6,228 231,432
Hansen Natural Corp. (I) 2,264 136,361
Heckmann Corp. (I) 1,433 9,386
Molson Coors Brewing Company 4,181 196,047
National Beverage Corp. 1,298 17,822
PepsiCo, Inc. 39,251 2,528,157
The Coca-Cola Company 57,237 3,797,675
 
    7,599,303
Food & Staples Retailing - 2.28%    
Arden Group, Inc. 92 7,021
BJ’s Wholesale Club, Inc. (I) 1,352 66,005
Casey’s General Stores, Inc. 1,295 50,505
Costco Wholesale Corp. 10,862 796,402
CVS Caremark Corp. 33,777 1,159,227
Ingles Markets, Inc. 723 14,323
Nash Finch Company 373 14,152
Pricesmart, Inc. (L) 787 28,836
Rite Aid Corp. (I) 24,783 26,270
Ruddick Corp. (L) 1,211 46,732
Safeway, Inc. (L) 9,597 225,913
Spartan Stores, Inc. 646 9,554
SUPERVALU, Inc. (L) 5,437 48,552
Susser Holdings Corp. (I) 511 6,689
Sysco Corp. 14,936 413,727
The Andersons, Inc. 533 25,968
The Great Atlantic & Pacific    
Tea Company, Inc. (I) 1,661 382
The Kroger Company 15,826 379,349
The Pantry, Inc. (I) 626 9,284
United Natural Foods, Inc. (I)(L) 1,152 51,633
Village Super Market, Inc. 374 10,883
Wal-Mart Stores, Inc. 90,735 4,722,757
Walgreen Company 24,229 972,552
Weis Markets, Inc. 679 27,472
Whole Foods Market, Inc. (L) 3,989 262,875
Winn-Dixie Stores, Inc. (I)(L) 1,505 10,746
 
    9,387,809
Food Products - 1.69%    
Alico, Inc. 233 6,237
Archer-Daniels-Midland Company 16,128 580,769
B&G Foods, Inc. (L) 1,133 21,266
Bunge, Ltd. 3,517 254,385
Cal-Maine Foods, Inc. (L) 676 19,942

 

390

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products (continued)    
Calavo Growers, Inc. 469 $ 10,248
Campbell Soup Company (L) 8,716 288,587
Chiquita Brands International, Inc. (I)(L) 1,268 19,451
ConAgra Foods, Inc. (L) 11,240 266,950
Corn Products International, Inc. 1,952 101,153
Darling International, Inc. (I) 2,379 36,565
Dean Foods Company (I)(L) 4,831 48,310
Diamond Foods, Inc. 447 24,943
Dole Food Company, Inc. (I) 876 11,940
Farmer Brothers Company 481 5,830
Feihe International, Inc. (I)(L) 371 3,194
Flowers Foods, Inc. (L) 2,359 64,236
Fresh Del Monte Produce, Inc. 1,688 44,074
General Mills, Inc. 16,204 592,256
Green Mountain Coffee Roasters, Inc. (I)(L) 3,424 221,225
Griffin Land & Nurseries, Inc. 159 5,117
H.J. Heinz Company 7,986 389,877
Harbinger Group, Inc. (I) 878 4,574
Hormel Foods Corp. (L) 6,796 189,201
Imperial Sugar Company 441 5,883
J & J Snack Foods Corp. 507 23,864
John B. Sanfilippo & Son, Inc. (I) 553 6,470
Kellogg Company (L) 9,610 518,748
Kraft Foods, Inc., Class A 42,133 1,321,291
Lancaster Colony Corp. (L) 721 43,693
Lifeway Foods, Inc. (I) 557 5,804
McCormick & Company, Inc., Class B 3,182 152,195
Mead Johnson Nutrition Company 5,181 300,135
Omega Protein Corp. (I) 838 11,305
Pilgrim’s Pride Corp. (I)(L) 2,321 17,895
Ralcorp Holdings, Inc. (I) 1,384 94,707
Reddy Ice Holdings, Inc. (I) 772 2,316
Sanderson Farms, Inc. 564 25,899
Sara Lee Corp. 17,113 302,387
Seneca Foods Corp., Class A (I) 130 3,883
Smart Balance, Inc. (I) 1,817 8,340
Smithfield Foods, Inc. (I) 3,715 89,383
Snyders-Lance, Inc. 887 17,607
The Hain Celestial Group, Inc. (I)(L) 1,177 37,994
The Hershey Company (L) 5,000 271,750
The J.M. Smucker Company 3,018 215,455
Tootsie Roll Industries, Inc. (L) 1,572 44,576
TreeHouse Foods, Inc. (I) 857 48,738
Tyson Foods, Inc., Class A 9,600 184,224
 
    6,964,872
Household Products - 1.56%    
Church & Dwight Company, Inc. 1,705 135,275
Clorox Company (L) 3,441 241,111
Colgate-Palmolive Company 12,096 976,873
Energizer Holdings, Inc. (I) 1,736 123,534
Kimberly-Clark Corp. 10,041 655,376
Oil-Dri Corp of America 330 7,029
Orchids Paper Products Company 210 2,541
The Procter & Gamble Company 69,015 4,251,324
WD-40 Company 513 21,720
 
    6,414,783
Personal Products - 0.28%    
Alberto-Culver Company 2,376 88,554
Avon Products, Inc. 10,809 292,275
Elizabeth Arden, Inc. (I)(L) 827 24,818
Herbalife, Ltd. 1,538 125,132
Inter Parfums, Inc. (L) 980 18,140
Mannatech, Inc. (I) 1,004 1,647

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Personal Products (continued)    
Medifast, Inc. (I) 439 $ 8,670
Nu Skin Enterprises, Inc., Class A 1,612 46,345
Nutraceutical International Corp. (I) 486 7,280
Prestige Brands Holdings, Inc. (I) 1,458 16,767
Revlon, Inc. (I) 1,393 22,107
Schiff Nutrition International, Inc. 920 8,381
The Estee Lauder    
Companies, Inc., Class A (L) 4,956 477,560
The Female Health Company 958 4,780
USANA Health Sciences, Inc. (I)(L) 444 15,322
 
    1,157,778
Tobacco - 1.28%    
Alliance One International, Inc. (I)(L) 2,622 10,540
Altria Group, Inc. (L) 49,939 1,299,912
Lorillard, Inc. 3,839 364,743
Philip Morris International, Inc. 45,520 2,987,478
Reynolds American, Inc. 14,534 516,393
Star Scientific, Inc. (I)(L) 2,853 12,953
Universal Corp. (L) 639 27,822
Vector Group, Ltd. (L) 1,996 34,511
 
    5,254,352
    36,778,897
Energy - 12.68%    
Energy Equipment & Services - 2.32%    
Atwood Oceanics, Inc. (I) 1,611 74,799
Baker Hughes, Inc. 10,834 795,541
Basic Energy Services, Inc. (I)(L) 1,218 31,071
Bolt Technology Corp. (I) 314 4,252
Bristow Group, Inc. (I)(L) 771 36,468
Bronco Drilling Company, Inc. (I) 927 10,475
Cal Dive International, Inc. (I) 2,508 17,506
Cameron International Corp. (I) 6,172 352,421
CARBO Ceramics, Inc. (L) 591 83,402
Complete Production Services, Inc. (I)(L) 2,087 66,387
Dawson Geophysical Company (I)(L) 276 12,111
Diamond Offshore Drilling, Inc. (L) 3,475 270,008
Dresser-Rand Group, Inc. (I)(L) 2,003 107,401
Dril-Quip, Inc. (I)(L) 1,004 79,346
ENGlobal Corp. (I) 813 3,683
Exterran Holdings, Inc. (I) 1,650 39,155
Exterran Partners LP 655 18,353
FMC Technologies, Inc. (I)(L) 3,076 290,620
Geokinetics, Inc. (I) 1,100 9,262
Global Industries, Ltd. (I)(L) 3,008 29,448
Gulf Islands Fabrication, Inc. 492 15,828
Gulfmark Offshore, Inc., Class A (I) 708 31,513
Halliburton Company 22,795 1,136,103
Helix Energy Solutions Group, Inc. (I)(L) 2,831 48,693
Helmerich & Payne, Inc. 2,656 182,441
Hercules Offshore, Inc. (I) 5,822 38,483
Hornbeck Offshore Services, Inc. (I)(L) 736 22,706
ION Geophysical Corp. (I)(L) 3,090 39,212
Key Energy Services, Inc. (I)(L) 3,345 52,015
Lufkin Industries, Inc. (L) 760 71,037
Matrix Service Company (I) 756 10,508
McDermott International, Inc. (I) 5,826 147,922
Nabors Industries, Ltd. (I) 7,215 219,192
National Oilwell Varco, Inc. 10,553 836,536
Natural Gas Services Group, Inc. (I) 399 7,086
Newpark Resources, Inc. (I)(L) 2,634 20,703
Oceaneering International, Inc. (I)(L) 1,374 122,904
Oil States International, Inc. (I) 1,258 95,784
OYO Geospace Corp. (I) 207 20,406

 

391

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy Equipment & Services (continued)    
Parker Drilling Company (I) 3,343 $ 23,100
Patterson-UTI Energy, Inc. 3,984 117,090
PHI, Inc. (I) 143 3,163
Pioneer Drilling Company (I) 1,558 21,500
Pride International, Inc. (I) 4,403 189,109
Rowan Companies, Inc. (I) 2,860 126,355
RPC, Inc. (L) 3,870 97,988
Schlumberger, Ltd. 34,124 3,182,404
SEACOR Holdings, Inc. 481 44,473
Seahawk Drilling, Inc. (I) 804 4,929
Superior Energy Services, Inc. (I)(L) 2,023 82,943
TetraTechnologies, Inc. (I) 2,103 32,386
Tidewater, Inc. 1,245 74,513
Union Drilling, Inc. (I) 846 8,672
Unit Corp. (I) 1,193 73,906
Vantage Drilling Company (I) 2,477 4,459
 
    9,537,771
Oil, Gas & Consumable Fuels - 10.36%    
Abraxas Petroleum Corp. (I) 1,258 7,359
Alliance Holdings GP LP 1,543 81,069
Alliance Resource Partners LP 956 77,847
Alon USA Energy, Inc. (L) 1,711 23,441
Alpha Natural Resources, Inc. (I)(L) 2,747 163,089
Anadarko Petroleum Corp. 12,405 1,016,218
Apache Corp. 8,894 1,164,402
Apco Oil and Gas International, Inc. (L) 783 67,150
Approach Resources, Inc. (I) 861 28,930
Arch Coal, Inc. 4,200 151,368
Atlas Energy LP 2,473 55,247
Atlas Pipeline Partners LP 1,466 50,577
ATP Oil & Gas Corp. (I)(L) 1,256 22,746
Berry Petroleum Company, Class A (L) 1,225 61,801
Bill Barrett Corp. (I)(L) 1,183 47,214
Blue Dolphin Energy Company (I)(L) 1,983 14,674
Blueknight Energy Partners LP (I) 1,614 14,123
Boardwalk Pipeline Partners LP 3,977 129,889
BP Prudhoe Bay Royalty Trust 469 56,196
BPZ Resources, Inc. (I)(L) 3,197 16,976
BreitBurn Energy Partners LP 1,480 32,160
Brigham Exploration Company (I)(L) 2,445 90,905
Buckeye Partners LP 1,734 110,178
Cabot Oil & Gas Corp. (L) 2,634 139,523
Callon Petroleum Company (I) 868 6,744
Calumet Specialty Products Partners LP 1,232 26,180
Capital Product Partners LP 871 9,241
Carrizo Oil & Gas, Inc. (I)(L) 895 33,052
Cheniere Energy Partners LP 4,724 90,181
Cheniere Energy, Inc. (I)(L) 1,624 15,119
Chesapeake Energy Corp. 16,478 552,343
Chevron Corp. 50,284 5,402,010
Cimarex Energy Company 2,117 243,963
Clayton Williams Energy, Inc. (I) 357 37,735
Clean Energy Fuels Corp. (I)(L) 1,617 26,486
Cobalt International Energy, Inc. (I)(L) 7,820 131,454
Comstock Resources, Inc. (I) 1,226 37,932
Concho Resources, Inc. (I) 2,248 241,210
ConocoPhillips 37,405 2,987,163
CONSOL Energy, Inc. 5,105 273,781
Contango Oil & Gas Company (I) 436 27,573
Continental Resources, Inc. (I)(L) 4,302 307,464
Copano Energy LLC 1,794 63,866
CREDO Petroleum Corp. (I) 422 5,397
Crimson Exploration, Inc. (I) 1,353 5,520
Cross Timbers Royalty Trust (L) 242 11,522

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Crosstex Energy LP 1,515 $ 25,634
Crosstex Energy, Inc. (L) 1,640 16,318
CVR Energy, Inc. (I) 2,329 53,940
DCP Midstream Partners LP 1,165 47,183
Delek US Holdings, Inc. 1,516 20,557
Delta Petroleum Corp. (I) 7,769 7,070
Denbury Resources, Inc. (I) 10,063 245,537
Devon Energy Corp. 10,963 1,006,075
DHT Holdings, Inc. 1,175 5,652
Dorchester Minerals LP 835 24,415
Duncan Energy Partners LP 1,508 61,074
Eagle Rock Energy Partners LP 2,032 20,828
El Paso Corp. 17,732 319,176
El Paso Pipeline Partners LP 3,639 131,841
Enbridge Energy Management LLC (I) 471 29,621
Enbridge Energy Partners LP 2,170 140,225
Encore Energy Partners LP 1,289 30,266
Endeavour International Corp. (I) 577 7,328
Energy Partners, Ltd. (I) 509 9,162
Energy Transfer Equity LP 5,554 249,930
Energy Transfer Partners LP 4,189 216,823
Energy XXI Bermuda, Ltd. (I) 1,032 35,191
Enterprise Products Partners LP 20,191 869,424
EOG Resources, Inc. 6,365 754,316
EQT Corp. 3,271 163,223
EV Energy Partner LP 480 25,790
EXCO Resources, Inc. 5,454 112,680
Exxon Mobil Corp. 126,187 10,616,112
Forest Oil Corp. (I) 2,912 110,161
Frontier Oil Corp. 2,762 80,982
FX Energy, Inc. (I) 1,531 12,799
Gastar Exploration, Ltd. (I) 1,774 8,622
General Maritime Corp. 1,621 3,323
Genesis Energy LP 1,132 32,047
Georesources, Inc. (I) 522 16,323
Global Partners LP 653 16,978
GMX Resources, Inc. (I) 1,154 7,120
Goodrich Petroleum Corp. (I) 1,032 22,931
Green Plains Renewable Energy, Inc. (I)(L) 861 10,349
GreenHunter Energy, Inc. (I) 4,205 3,700
Gulfport Energy Corp. (I)(L) 1,213 43,850
Harvest Natural Resources, Inc. (I) 1,171 17,846
Hess Corp. 8,350 711,504
Holly Corp. 1,347 81,844
Holly Energy Partners LP 571 33,118
Houston American Energy Corp. 599 9,231
Hugoton Royalty Trust (L) 1,082 25,730
Hyperdynamics Corp. (I) 3,810 17,602
Inergy LP 2,721 109,112
International Coal Group, Inc. (I)(L) 4,341 49,053
James River Coal Company (I)(L) 776 18,756
K-Sea Transportation Partners LP (I) 1,029 8,417
Kinder Morgan Energy Partners LP 4,913 364,004
Kinder Morgan Management LLC (I) 2,165 142,002
Kodiak Oil & Gas Corp. (I) 3,713 24,877
Legacy Reserves LP 925 28,990
Linn Energy LLC 3,322 129,325
Magellan Midstream Partners LP 2,196 131,453
Magnum Hunter Resources Corp. (I) 1,945 16,669
Marathon Oil Corp. 17,773 947,479
Markwest Energy Partners LP 1,872 90,736
Martin Midstream Partners LP 438 17,538
Massey Energy Company (L) 2,480 169,533
McMoRan Exploration Company (I) 2,357 41,742
Murphy Oil Corp. 4,787 351,462

 

392

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Natural Resource Partners LP 1,833 $ 64,283
Newfield Exploration Company (I) 3,363 255,622
Noble Energy, Inc. 4,346 420,041
Northern Oil and Gas, Inc. (I) 1,097 29,290
NuStar Energy LP 1,282 87,035
NuStar GP Holdings LLC 1,048 38,200
Oasis Petroleum, Inc. (I) 1,718 54,323
Occidental Petroleum Corp. 20,411 2,132,745
ONEOK Partners LP 2,230 183,641
Overseas Shipholding Group, Inc. (L) 747 24,009
Panhandle Oil and Gas, Inc. 298 9,432
Patriot Coal Corp. (I)(L) 2,437 62,948
Peabody Energy Corp. (L) 6,819 490,695
Penn Virginia Corp. 1,230 20,861
Penn Virginia Resource Partners LP 2,498 69,195
Petrohawk Energy Corp. (I) 7,652 187,780
Petroleum Development Corp. (I)(L) 477 22,901
Petroquest Energy, Inc. (I)(L) 1,638 15,332
Pioneer Natural Resources Company (L) 2,925 298,116
Pioneer Southwest Energy Partners LP 782 26,901
Plains All American Pipeline LP 3,335 212,540
Plains Exploration & Production Company (I) 3,572 129,414
QEP Resources, Inc. 4,391 178,011
Quicksilver Resources, Inc. (I) 4,412 63,136
RAM Energy Resources, Inc. (I) 2,601 5,410
Range Resources Corp. (L) 3,987 233,080
Regency Energy Partners LP 3,713 101,402
Rentech, Inc. (I) 10,171 12,714
Rex Energy Corp. (I) 1,131 13,176
Rhino Resource Partners LP 448 11,245
Rosetta Resources, Inc. (I)(L) 1,392 66,176
SandRidge Energy, Inc. (I)(L) 9,986 127,821
Ship Finance International, Ltd. 2,036 42,206
SM Energy Company 1,604 119,001
SMF Energy Corp. (I) 4,780 7,313
Southern Union Company 3,111 89,037
Southwestern Energy Company (I) 8,716 374,527
Spectra Energy Corp. 16,211 440,615
Spectra Energy Partners LP 1,996 65,609
Stone Energy Corp. (I)(L) 1,304 43,514
Sunoco Logistics Partners LP 719 62,395
Sunoco, Inc. 2,974 135,585
Swift Energy Company (I) 1,049 44,771
Syntroleum Corp. (I)(L) 1,920 4,339
Targa Resources Partners LP 2,184 75,741
TC Pipelines LP 1,009 52,478
Teekay Corp. (L) 1,883 69,539
Teekay LNG Partners LP 974 39,934
Teekay Offshore Partners LP 730 22,265
Tesoro Corp. (I)(L) 3,653 98,010
The Williams Companies, Inc. 14,667 457,317
Toreador Resources Corp. (I) 720 7,762
TransMontaigne Partners LP 569 20,672
Ultra Petroleum Corp. (I)(L) 3,828 188,529
Uranerz Energy Corp. (I)(L) 5,438 17,347
Uranium Energy Corp. (I)(L) 2,046 8,164
Uranium Resources, Inc. (I) 4,337 9,021
USEC, Inc. (I)(L) 2,992 13,165
Vaalco Energy, Inc. (I) 1,623 12,594
Valero Energy Corp. 14,286 426,009
Venoco, Inc. (I) 1,487 25,413
W&T Offshore, Inc. 2,221 50,617
Warren Resources, Inc. (I) 2,569 13,076
Western Gas Partners LP 1,012 35,349
Western Refining, Inc. (I)(L) 2,496 42,307

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Westmoreland Coal Company (I) 363 $ 5,318
Whiting Petroleum Corp. (I) 2,574 189,060
Williams Partners LP 6,419 332,504
World Fuel Services Corp. 1,546 62,783
 
    42,662,978
    52,200,749
Financials - 16.47%    
Capital Markets - 2.44%    
Affiliated Managers Group, Inc. (I) 1,071 117,135
AllianceBernstein Holding LP 2,340 51,012
American Capital, Ltd. (I)(L) 6,998 69,280
Ameriprise Financial, Inc. 6,456 394,332
Apollo Investment Corp. 3,402 41,028
Artio Global Investors, Inc. 1,193 19,279
BGC Partners, Inc., Class A 2,433 22,603
BlackRock, Inc. 1,471 295,686
Calamos Asset Management, Inc. 637 10,568
Cohen & Steers, Inc. 1,124 33,360
Cowen Group, Inc., Class A (I) 844 3,384
Diamond Hill Investment Group, Inc. 87 6,960
Duff & Phelps Corp. 1,196 19,112
E*TRADE Financial Corp. (I) 4,767 74,508
Eaton Vance Corp. (L) 2,923 94,238
Epoch Holding Corp. 677 10,683
Evercore Partners, Inc., Class A 426 14,608
FBR Capital Markets Corp. (I) 1,923 6,884
Federated Investors, Inc., Class B (L) 2,565 68,614
Fifth Street Finance Corp. 595 7,943
Financial Engines, Inc. (I) 634 17,473
Fortress Investment Group LLC (I) 11,731 66,632
Franklin Resources, Inc. 5,736 717,459
GAMCO Investors, Inc., Class A 784 36,346
GFI Group, Inc. 3,319 16,661
Gleacher & Company, Inc. (I) 3,965 6,899
Greenhill & Company, Inc. 698 45,921
HFF, Inc. (I) 426 6,407
Internet Capital Group, Inc. (I) 1,200 17,040
Intl. FCStone, Inc. (I)(L) 567 14,413
Invesco, Ltd. 10,918 279,064
Investment Technology Group, Inc. (I) 1,199 21,810
Janus Capital Group, Inc. (L) 4,769 59,469
Jefferies Group, Inc. 4,354 108,589
JMP Group, Inc. 758 6,526
KBW, Inc. 910 23,833
Knight Capital Group, Inc., Class A (I) 2,401 32,173
LaBranche & Company, Inc. (I) 1,750 6,878
Ladenburg Thalmann    
Financial Services, Inc. (I) 5,666 6,516
Lazard, Ltd., Class A 2,429 100,998
Legg Mason, Inc. 4,105 148,149
MCG Capital Corp. 1,040 6,760
Medallion Financial Corp. 643 5,652
Merriman Holdings, Inc. (I) 4,172 13,267
MF Global Holdings, Ltd. (I)(L) 3,357 27,796
Morgan Stanley 35,235 962,620
Northern Trust Corp. 6,151 312,163
Och-Ziff Capital Management Group LLC. (L) 9,102 148,545
optionsXpress Holdings, Inc. (L) 1,527 27,959
Penson Worldwide, Inc. (I) 2,430 16,305
Piper Jaffray Companies (I) 532 22,041
Pzena Investment Management, Inc., Class A 1,833 12,941
Raymond James Financial, Inc. 3,122 119,385
Rodman & Renshaw Capital Group, Inc. (I) 1,112 2,280

 

393

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Capital Markets (continued)    
Safeguard Scientifics, Inc. (I) 663 $ 13,492
Sanders Morris Harris Group, Inc. 1,005 8,050
SEI Investments Company 4,794 114,481
State Street Corp. 12,491 561,346
Stifel Financial Corp. (I)(L) 891 63,965
SWS Group, Inc. 3,790 23,005
T. Rowe Price Group, Inc. 6,498 431,597
TD Ameritrade Holding Corp. 14,768 308,208
The Bank of New York Mellon Corp. 30,529 911,901
The Blackstone Group LP 6,720 120,154
The Charles Schwab Corp. 29,998 540,864
The Goldman Sachs Group, Inc. 12,881 2,041,252
TradeStation Group, Inc. (I) 1,257 8,824
U.S. Global Investors, Inc. 554 4,493
Virtus Investment Partners, Inc. (I) 79 4,655
W. P. Carey & Co. LLC 958 34,201
Waddell & Reed Financial, Inc., Class A 2,166 87,961
Westwood Holdings Group, Inc. 204 8,211
 
    10,064,847
Commercial Banks - 2.88%    
1st Source Corp. 701 14,048
Alliance Financial Corp. 246 8,204
American National Bankshares, Inc. 300 6,753
Ameris Bancorp (I)(L) 522 5,304
Ames National Corp. 314 5,997
Arrow Financial Corp. 334 8,263
Associated-Banc Corp. (L) 3,499 51,960
BancFirst Corp. 440 18,779
Bancorp Rhode Island, Inc. 246 7,594
Bancorp, Inc. (I) 675 6,230
BancorpSouth, Inc. 2,211 34,160
Bank of Hawaii Corp. (L) 1,228 58,723
Bank of Kentucky Financial Corp. 182 3,731
Bank of Marin Bancorp (L) 240 8,957
Bank of the Ozarks, Inc. 487 21,287
Banner Corp. 8,282 19,628
BB&T Corp. 17,523 481,006
BOK Financial Corp. 1,735 89,665
Boston Private Financial Holdings, Inc. (L) 1,998 14,126
Bridge Bancorp, Inc. 267 5,973
Bryn Mawr Bank Corp. 315 6,480
Camden National Corp. 254 8,697
Cape Bancorp, Inc. (I) 865 8,512
Capital Bank Corp. (I) 942 3,580
Capital City Bank Group, Inc. 552 6,999
CapitalSource, Inc. 8,943 62,959
Capitol Bancorp, Ltd. (I)(L) 4,013 823
Cardinal Financial Corp. 896 10,447
Cathay General Bancorp (L) 1,403 23,921
Center Bancorp, Inc. 724 6,943
Center Financial Corp. (I) 823 6,041
Centerstate Banks, Inc. 799 5,593
Century Bancorp, Inc. 263 7,041
Chemical Financial Corp. 686 13,672
CIT Group, Inc. (I) 5,027 213,899
Citizens & Northern Corp. 302 5,077
Citizens Republic Banking Corp., Inc. (I) 8,363 7,442
City Holding Company (L) 491 17,362
City National Corp. 1,345 76,732
CNB Financial Corp. 315 4,571
CoBiz Financial, Inc. 1,440 10,008
Columbia Banking System, Inc. (L) 644 12,345
Comerica, Inc. (L) 4,084 149,964
Commerce Bancshares, Inc. 2,228 90,100

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Community Bank Systems, Inc. 937 $ 22,741
Community Trust Bancorp, Inc. 445 12,313
Crescent Financial Corp. (I) 5,957 24,126
Cullen/Frost Bankers, Inc. 1,531 90,360
CVB Financial Corp. 2,966 27,613
Danvers Bancorp, Inc. 519 11,117
Dearborn Bancorp, Inc. (I)(L) 2,076 2,948
Eagle Bancorp, Inc. (I) 514 7,222
East West Bancorp, Inc. 3,245 71,260
Encore Bancshares, Inc. (I) 484 5,876
Enterprise Bancorp, Inc. 384 5,756
Enterprise Financial Services Corp. 498 7,007
Fifth Third Bancorp 20,221 280,667
Financial Institutions, Inc. 354 6,195
First Bancorp, Inc. 330 5,033
First BanCorp/Puerto Rico (I) 173 865
First Bancorp/Troy NC 510 6,763
First Busey Corp. 1,133 5,756
First Citizens BancShares, Inc. 269 53,956
First Commonwealth Financial Corp. 2,381 16,310
First Community Bancshares, Inc. 573 8,125
First Financial Bancorp 1,424 23,767
First Financial Bankshares, Inc. (L) 562 28,870
First Financial Corp./Indiana 375 12,465
First Horizon National Corp. (L) 6,054 67,865
First Interstate Bancsystem, Inc. 733 9,969
First Merchants Corp. 685 5,665
First Midwest Bancorp, Inc. 1,437 16,942
First of Long Island Corp. 263 7,298
First South Bancorp, Inc. 361 1,801
FirstMerit Corp. 2,208 37,668
FNB Corp. 3,156 33,264
Fulton Financial Corp. 4,878 54,195
German American Bancorp, Inc. 465 7,993
Glacier Bancorp, Inc. 1,642 24,712
Great Southern Bancorp, Inc. 422 9,052
Greene County Bancshares, Inc. (I)(L) 265 739
Guaranty Bancorp (I) 2,993 3,861
Hancock Holding Company (L) 883 28,998
Hanmi Financial Corp. (I) 5,108 6,334
Heartland Financial USA, Inc. 524 8,908
Home Bancorp, Inc. (I) 417 6,388
Home Bancshares, Inc. 638 14,515
Huntington Bancshares, Inc. 17,067 113,325
IBERIABANK Corp. 534 32,109
Independent Bank Corp. - MA 557 15,045
Independent Bank Corp. - Michigan (I)(L) 3,292 10,534
International Bancshares Corp. 1,863 34,167
Investors Bancorp, Inc. (I) 3,164 47,112
KeyCorp 22,547 200,217
Lakeland Bancorp, Inc. 832 8,636
Lakeland Financial Corp. 379 8,596
M&T Bank Corp. (L) 3,028 267,887
Macatawa Bank Corp. (I) 1,125 2,801
MainSource Financial Group, Inc. 643 6,436
Marshall & Ilsley Corp. 13,226 105,676
MB Financial, Inc. 1,020 21,379
Mercantile Bancorp., Inc. (I) 2,343 2,343
Merchants Bancshares, Inc. 309 8,182
Metro Bancorp, Inc. (I) 240 2,964
Middleburg Financial Corp. 335 5,963
Midsouth Bancorp, Inc. 329 4,757
Nara Bancorp, Inc. (I)(L) 1,068 10,274
National Bankshares, Inc. 212 6,127
National Penn Bancshares, Inc. 3,509 27,160

 

394

 


John Hancock Variable Insurance Trust (Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
NBT Bancorp, Inc. 906 $ 20,648
NewBridge Bancorp. (I) 1,172 5,837
Northfield Bancorp, Inc. (L) 1,319 18,202
Norwood Financial Corp. 134 3,710
Old National Bancorp 1,849 19,821
Old Second Bancorp, Inc. (L) 876 876
Oriental Financial Group, Inc. (L) 922 11,571
Pacific Continental Corp. 450 4,586
PacWest Bancorp (L) 951 20,684
Park National Corp. 392 26,193
Peapack Gladstone Financial Corp. 305 4,044
Penns Woods Bancorp, Inc. 216 8,409
Peoples Bancorp, Inc. 349 4,195
Peoples Financial Corp. 352 5,576
Pinnacle Financial Partners, Inc. (I)(L) 955 15,796
PNC Financial Services Group, Inc. 13,070 823,279
Popular, Inc. (I) 22,907 66,659
Porter Bancorp, Inc. 342 2,698
Premierwest Bancorp (I) 15,880 34,777
PrivateBancorp, Inc. 1,474 22,537
Prosperity Bancshares, Inc. (L) 1,218 52,094
Regions Financial Corp. (L) 30,482 221,299
Renasant Corp. 644 10,935
Republic Bancorp, Inc., Class A 170 3,312
Republic First Bancorp, Inc. (I) 2,112 5,892
S&T Bancorp, Inc. 786 16,954
Sandy Spring Bancorp, Inc. 538 9,931
SCBT Financial Corp. 357 11,881
Seacoast Banking Corp. of Florida (I) 3,564 5,631
Shore Bancshares, Inc. 278 2,711
Sierra Bancorp 332 3,712
Signature Bank (I) 1,068 60,235
Simmons First National Corp., Class A 411 11,134
Southern Community Financial Corp. (I) 19,689 29,140
Southside Bancshares, Inc. (L) 478 10,229
Southwest Bancorp, Inc. (I) 529 7,507
State Bancorp, Inc. 525 5,455
StellarOne Corp. 681 9,670
Sterling Bancorp 601 6,016
Sterling Bancshares, Inc. 2,135 18,382
Suffolk Bancorp 296 6,210
Sun Bancorp, Inc. (I) 870 3,028
SunTrust Banks, Inc. 12,667 365,316
Susquehanna Bancshares, Inc. (L) 2,416 22,590
SVB Financial Group (I)(L) 921 52,433
SY Bancorp, Inc. 393 9,888
Synovus Financial Corp. (L) 18,870 45,288
Taylor Capital Group, Inc. (I) 620 6,516
TCF Financial Corp. 3,418 54,209
Texas Capital Bancshares, Inc. (I)(L) 906 23,547
Tompkins Financial Corp. 319 13,254
Tower Bancorp., Inc. 248 5,528
TowneBank (L) 688 10,774
TriCo Bancshares (L) 438 7,144
Trustmark Corp. 1,569 36,746
U.S. Bancorp 48,342 1,277,679
UMB Financial Corp. (L) 1,071 40,007
Umpqua Holdings Corp. 2,347 26,850
Union First Market Bankshares Corp. 416 4,680
United Bankshares, Inc. (L) 1,203 31,904
United Community Banks, Inc. (I) 3,771 8,937
United Security Bancshares, Inc. 281 2,436
Univest Corp. of Pennsylvania 404 7,159
Valley National Bancorp 4,099 57,222
Virginia Commerce Bancorp, Inc. (I)(L) 1,201 6,894

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Washington Trust Bancorp, Inc. 509 $ 12,084
Webster Financial Corp. 1,918 41,103
Wells Fargo & Company 130,457 4,135,487
WesBanco, Inc. 752 15,574
West Coast Bancorp (I) 1,899 6,590
Westamerica Bancorp. 739 37,962
Western Alliance Bancorp (I) 2,195 18,043
Whitney Holding Corp. 1,822 24,816
Wilmington Trust Corp. 1,896 8,570
Wilshire Bancorp, Inc. (I) 956 4,684
Wintrust Financial Corp. (L) 697 25,615
Yadkin Valley Financial Corp. (I) 8,901 21,273
Zions Bancorporation 3,993 92,079
 
    11,846,901
Consumer Finance - 0.68%    
Advance America Cash Advance Centers, Inc. 1,747 9,259
American Express Company 30,164 1,363,413
Capital One Financial Corp. 11,505 597,800
Cash America International, Inc. (L) 759 34,952
CompuCredit Holdings Corp. (I) 1,549 10,177
Credit Acceptance Corp. (I)(L) 791 56,129
Discover Financial Services 13,729 331,143
Dollar Financial Corp. (I)(L) 1,023 21,227
EZCORP, Inc., Class A (I) 1,395 43,789
First Cash Financial Services, Inc. (I)(L) 798 30,803
Green Dot Corp., Class A (I) 771 33,084
Nelnet, Inc., Class A 1,293 28,226
QC Holdings, Inc. 666 2,884
SLM Corp. (I) 12,277 187,838
The First Marblehead Corp. (I)(L) 3,140 6,908
World Acceptance Corp. (I) 454 29,601
 
    2,787,233
Diversified Financial Services - 3.17%    
Asset Acceptance Capital Corp. (I) 1,013 5,440
Asta Funding, Inc. 581 4,973
Bank of America Corp. 250,824 3,343,484
California First National Bancorp 339 5,177
CBOE Holdings, Inc. (L) 2,244 65,009
Citigroup, Inc. (I) 718,330 3,175,019
CME Group, Inc. 1,675 505,096
Encore Capital Group, Inc. (I) 657 15,564
Interactive Brokers Group, Inc., Class A 1,129 17,940
IntercontinentalExchange, Inc. (I) 1,859 229,661
JPMorgan Chase & Company 99,190 4,572,659
KKR Financial Holdings LLC 4,229 41,402
Leucadia National Corp. (L) 6,141 230,533
Life Partners Holdings, Inc. (L) 537 4,317
MarketAxess Holdings, Inc. 994 24,055
Moody’s Corp. (L) 5,985 202,951
MSCI, Inc. (I) 2,844 104,716
NewStar Financial, Inc. (I) 1,439 15,714
NYSE Euronext 6,631 233,212
PHH Corp. (I)(L) 1,405 30,587
PICO Holdings, Inc. (I) 629 18,908
Portfolio Recovery Associates, Inc. (I) 401 34,137
Primus Guaranty, Ltd. (I) 1,443 7,330
Resource America, Inc. 825 5,280
The NASDAQ OMX Group, Inc. (I) 5,331 137,753
 
    13,030,917
Insurance - 4.31%    
Aflac, Inc. 11,911 628,663
Alleghany Corp. (I) 218 72,246

 

395

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Allied World Assurance    
Company Holdings, Ltd. 1,216 $ 76,231
Alterra Capital Holdings, Ltd. 1,528 34,136
Ambac Financial Group, Inc. (I) 8,397 1,293
American Equity Investment Life    
Holding Company (L) 1,598 20,966
American Financial Group, Inc. 2,764 96,795
American International Group, Inc. (I)(L) 49,206 1,729,099
American National Insurance Company 685 54,231
American Safety Insurance Holdings, Ltd. (I) 371 7,951
AMERISAFE, Inc. (I) 527 11,652
Amtrust Financial Services, Inc. 1,690 32,228
AON Corp. 8,076 427,705
Arch Capital Group, Ltd. (I)(L) 1,277 126,666
Argo Group International Holdings, Ltd. 860 28,414
Arthur J. Gallagher & Company 2,489 75,690
Aspen Insurance Holdings, Ltd. (L) 2,026 55,837
Assurant, Inc. 2,691 103,630
Assured Guaranty, Ltd. 4,192 62,461
Axis Capital Holdings, Ltd. 3,303 115,341
Baldwin & Lyons, Inc., Class B 486 11,382
Berkshire Hathaway, Inc., Class B (I) 61,556 5,147,928
Brown & Brown, Inc. 3,479 89,758
Chubb Corp. 7,610 466,569
Cincinnati Financial Corp. 4,008 131,462
Citizens, Inc., Class A (I)(L) 1,265 9,235
CNA Financial Corp. 6,771 200,083
CNA Surety Corp. (I) 1,221 30,842
CNO Financial Group, Inc. (I) 5,386 40,449
Crawford & Company, Class B 1,517 7,221
Delphi Financial Group, Inc., Class A 1,324 40,660
Donegal Group, Inc. 363 4,853
Eastern Insurance Holdings, Inc. 406 5,278
eHealth, Inc. (I)(L) 742 9,869
EMC Insurance Group, Inc. 414 10,280
Employers Holdings, Inc. 1,283 26,507
Endurance Specialty Holdings, Ltd. (L) 1,367 66,737
Enstar Group, Ltd. (I) 372 37,155
Erie Indemnity Company 1,287 91,519
Everest Re Group, Ltd. 1,482 130,683
FBL Financial Group, Inc., Class A 834 25,620
Fidelity National Financial, Inc., Class A 5,818 82,208
First Acceptance Corp. (I) 1,718 3,299
First American Financial Corp. 2,633 43,445
Flagstone Reinsurance Holdings SA 2,326 20,957
FPIC Insurance Group, Inc. (I) 384 14,554
Genworth Financial, Inc., Class A (I)(L) 11,889 160,026
Global Indemnity PLC (I) 653 14,353
Greenlight Capital Re, Ltd., Class A (I) 1,029 29,028
Hallmark Financial Services, Inc. (I) 757 6,344
Harleysville Group, Inc. 778 25,775
Hartford Financial Services Group, Inc. 10,585 285,054
HCC Insurance Holdings, Inc. 2,843 89,014
Hilltop Holdings, Inc. (I) 1,582 15,883
Horace Mann Educators Corp. 1,144 19,219
Independence Holding Company 588 4,692
Infinity Property & Casualty Corp. 422 25,105
Kansas City Life Insurance Company 327 10,457
Lincoln National Corp. 7,741 232,540
Loews Corp. 10,524 453,479
Maiden Holdings, Ltd. 2,010 15,055
Markel Corp. (I)(L) 242 100,297
Marsh & McLennan Companies, Inc. 13,326 397,248
MBIA, Inc. (I)(L) 5,390 54,116
Meadowbrook Insurance Group, Inc. (L) 1,693 17,523

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Mercury General Corp. 1,393 $ 54,508
MetLife, Inc. 20,545 918,978
Montpelier Re Holdings, Ltd. (L) 1,941 34,297
National Financial Partners Corp. (I)(L) 1,204 17,759
National Interstate Corp. 566 11,801
National Western Life Insurance    
Company, Class A 104 16,874
Old Republic International Corp. (L) 6,611 83,894
OneBeacon Insurance Group, Ltd. 2,652 35,882
PartnerRe, Ltd. 1,489 117,988
Platinum Underwriters Holdings, Ltd. 1,157 44,070
Presidential Life Corp. (L) 876 8,348
Primerica, Inc. 1,360 34,694
Principal Financial Group, Inc. (L) 8,079 259,417
ProAssurance Corp. (I) 740 46,894
Protective Life Corp. 2,284 60,640
Prudential Financial, Inc. 11,622 715,683
Reinsurance Group of America, Inc. 1,895 118,968
RenaissanceRe Holdings, Ltd. 1,490 102,795
RLI Corp. (L) 533 30,727
Safety Insurance Group, Inc. 465 21,441
SeaBright Holdings, Inc. 669 6,857
Selective Insurance Group, Inc. 1,509 26,106
StanCorp Financial Group, Inc. 1,212 55,897
State Auto Financial Corp. 1,127 20,534
Stewart Information Services Corp. 507 5,313
Symetra Financial Corp. 1,710 23,256
The Allstate Corp. 13,453 427,536
The Hanover Insurance Group, Inc. 1,093 49,458
The Navigators Group, Inc. (I) 477 24,566
The Phoenix Companies, Inc. (I)(L) 3,396 9,237
The Progressive Corp. 16,613 351,033
The Travelers Companies, Inc. 11,361 675,752
Torchmark Corp. 2,138 142,134
Tower Group, Inc. (L) 1,189 28,572
Transatlantic Holdings, Inc. 1,590 77,385
United Fire & Casualty Company 756 15,279
Unitrin, Inc. 1,645 50,798
Universal Insurance Holdings, Inc. 1,237 6,705
Unum Group (L) 8,344 219,030
Validus Holdings, Ltd. 1,990 66,327
W.R. Berkley Corp. (L) 3,657 117,792
Wesco Financial Corp. 167 64,996
White Mountains Insurance Group, Ltd. 223 81,217
XL Group PLC 284 6,986
 
    17,753,420
Real Estate Investment Trusts - 2.48%    
Acadia Realty Trust 1,128 21,342
Agree Realty Corp. (L) 265 5,949
Alexander’s, Inc. 127 51,683
Alexandria Real Estate Equities, Inc. (L) 1,074 83,740
AMB Property Corp. 3,941 141,758
American Campus Communities, Inc. 1,417 46,761
American Capital Agency Corp. 476 13,871
Annaly Capital Management, Inc. 14,011 244,492
Anworth Mortgage Asset Corp. 2,647 18,767
Apartment Investment & Management    
Company, Class A 3,104 79,059
Arbor Realty Trust, Inc. (I) 3,467 19,693
Ashford Hospitality Trust, Inc. 1,677 18,481
Associated Estates Realty Corp. 1,065 16,912
AvalonBay Communities, Inc. (L) 2,077 249,406
BioMed Realty Trust, Inc. 2,716 51,658
Boston Properties, Inc. 3,526 334,441

 

396

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
Brandywine Realty Trust 3,537 $ 42,939
BRE Properties, Inc. 1,409 66,477
Camden Property Trust 1,686 95,799
Capital Trust, Inc., Class A (I)(L) 16,311 37,352
CapLease, Inc. 2,488 13,634
Capstead Mortage Corp. 1,589 20,307
Care Investment Trust, Inc. (I) 1,164 5,995
CBL & Associates Properties, Inc. (L) 3,602 62,747
Cedar Shopping Centers, Inc. 2,276 13,724
Chatham Lodging Trust 352 5,720
Chesapeake Lodging Trust 555 9,663
Chimera Investment Corp. (L) 17,978 71,193
Cogdell Spencer, Inc. 2,569 15,260
Colonial Properties Trust 1,450 27,913
CommonWealth 1,493 38,773
Coresite Realty Corp. 1,489 23,586
Corporate Office Properties Trust 1,530 55,294
Cousins Properties, Inc. 2,305 19,247
Cypress Sharpridge Investments, Inc. 494 6,264
DCT Industrial Trust, Inc. (L) 5,788 32,123
Developers Diversified Realty Corp. 6,154 86,156
DiamondRock Hospitality Company (L) 3,103 34,661
Digital Realty Trust, Inc. 1,993 115,873
Douglas Emmett, Inc. 3,269 61,294
Duke Realty Corp. 5,943 83,261
DuPont Fabros Technology, Inc. (L) 1,378 33,417
Dynex Capital, Inc. 907 9,124
EastGroup Properties, Inc. 696 30,603
Education Realty Trust, Inc. 1,748 14,036
Entertainment Properties Trust (L) 972 45,509
Equity Lifestyle Properties, Inc. 772 44,506
Equity One, Inc. (L) 2,251 42,251
Equity Residential (L) 7,156 403,670
Essex Property Trust, Inc. 732 90,768
Excel Trust, Inc. 810 9,550
Extra Space Storage, Inc. 2,375 49,186
Federal Realty Investment Trust 1,539 125,521
FelCor Lodging Trust, Inc. (I) 2,820 17,287
First Industrial Realty Trust, Inc. (I)(L) 1,588 18,881
First Potomac Realty Trust 846 13,325
Franklin Street Properties Corp. (L) 1,913 26,916
General Growth Properties, Inc. 21,718 336,195
Getty Realty Corp. 674 15,421
Gladstone Commercial Corp. 920 16,781
Glimcher Realty Trust 2,685 24,836
Government Properties Income Trust 569 15,283
Gramercy Capital Corp. (I) 13,794 58,487
Hatteras Financial Corp. 832 23,396
HCP, Inc. (L) 7,504 284,702
Health Care REIT, Inc. (L) 3,139 164,609
Healthcare Realty Trust, Inc. (L) 1,607 36,479
Hersha Hospitality Trust 4,355 25,869
Highwoods Properties, Inc. (L) 1,838 64,348
Home Properties, Inc. (L) 882 51,994
Hospitality Properties Trust (L) 3,212 74,358
Host Hotels & Resorts, Inc. (L) 16,604 292,396
Hudson Pacific Properties, Inc. 618 9,085
Inland Real Estate Corp. 2,398 22,877
Invesco Mortgage Capital, Inc. 336 7,342
Investors Real Estate Trust 1,653 15,704
iStar Financial, Inc. (I)(L) 4,950 45,441
Kilroy Realty Corp. 1,171 45,470
Kimco Realty Corp. 10,109 185,399
Kite Realty Group Trust 2,248 11,937
LaSalle Hotel Properties (L) 1,760 47,520

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
Lexington Realty Trust (L) 3,644 $ 34,071
Liberty Property Trust 2,872 94,489
LTC Properties, Inc. 629 17,826
Mack-Cali Realty Corp. 2,075 70,343
Medical Properties Trust, Inc. (L) 2,756 31,887
MFA Financial, Inc. 6,994 57,351
MHI Hospitality Corp. (I) 1,863 4,751
Mid-America Apartment Communities, Inc. 774 49,691
Mission West Properties, Inc. 754 4,954
Monmouth Real Estate Investment Corp. 1,545 12,684
MPG Office Trust, Inc. (I) 1,889 7,008
National Health Investments, Inc. 696 33,352
National Retail Properties, Inc. (L) 2,109 55,108
Nationwide Health Properties, Inc. 2,837 120,658
New York Mortgage Trust, Inc. 689 4,899
Newcastle Investment Corp. (I) 1,674 10,111
NorthStar Realty Finance Corp. 4,932 26,386
Omega Healthcare Investors, Inc. (L) 2,209 49,349
One Liberty Properties, Inc. 550 8,294
Parkway Properties, Inc. 661 11,237
Pebblebrook Hotel Trust 889 19,691
Pennsylvania Real Estate Investment Trust 1,600 22,832
Pennymac Mortgage Investment Trust 492 9,048
Piedmont Office Realty Trust, Inc., Class A 3,145 61,044
Plum Creek Timber Company, Inc. (L) 4,122 179,760
Post Properties, Inc. (L) 1,269 49,808
Potlatch Corp. (L) 1,075 43,215
ProLogis 11,828 189,011
PS Business Parks, Inc. 616 35,691
Public Storage 4,285 475,249
RAIT Financial Trust (L) 26,506 65,205
Ramco-Gershenson Properties Trust (L) 823 10,312
Rayonier, Inc. 1,998 124,495
Realty Income Corp. 2,682 93,736
Redwood Trust, Inc. 2,139 33,261
Regency Centers Corp. 2,150 93,482
Resource Capital Corp. 878 5,786
Sabra Healthcare, Inc. 424 7,467
Saul Centers, Inc. 535 23,834
Senior Housing Properties Trust 3,177 73,198
Simon Property Group, Inc. 7,112 762,085
SL Green Realty Corp. 1,999 150,325
Sovran Self Storage, Inc. 635 25,114
Starwood Property Trust, Inc. 1,180 26,314
Strategic Hotels & Resorts, Inc. (I) 5,732 36,971
Sun Communities, Inc. 589 20,998
Sunstone Hotel Investors, Inc. (I) 2,222 22,642
Supertel Hospitality, Inc. (I) 4,332 6,931
Tanger Factory Outlet Centers, Inc. 2,052 53,844
Taubman Centers, Inc. (L) 1,406 75,333
Terreno Realty Corp. 395 6,806
The Macerich Company (L) 3,030 150,076
Transcontinental Realty Investors (I) 411 1,459
U-Store-It Trust 2,501 26,311
UDR, Inc. (L) 4,102 99,966
UMH Properties, Inc. 801 7,962
Universal Health Realty Income Trust 329 13,334
Urstadt Biddle Properties, Inc., Class A 678 12,896
Ventas, Inc. 4,002 217,309
Vornado Realty Trust 4,593 401,888
Washington Real Estate Investment Trust 1,560 48,500
Weingarten Realty Investors (L) 3,138 78,638
Weyerhaeuser Company (L) 13,025 320,415
Whitestone REIT, Class B 739 10,612

 

397

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
Winthrop Realty Trust 587 $ 7,191
    10,198,241
Real Estate Management & Development - 0.20%    
Altisource Portfolio Solutions SA (I) 322 9,879
American Realty Investors, Inc. (I) 479 1,480
American Spectrum Realty, Inc. (I) 408 7,552
Avatar Holdings, Inc. (I) 286 5,660
Brookfield Properties Corp. 12,622 223,662
Brookfield Residential Properties, Inc. (I) 957 8,996
CB Richard Ellis Group, Inc., Class A (I) 7,677 204,976
Consolidated-Tomoka Land Company 177 5,735
Forest City Enterprises, Inc., Class A (I) 4,002 75,358
Forestar Group, Inc. (I) 1,002 19,058
Grubb & Ellis Company (I) 14,824 11,859
Jones Lang LaSalle, Inc. 1,058 105,525
Tejon Ranch Company (I) 488 17,929
The Howard Hughes Corp. (I) 783 55,311
The St. Joe Company (I)(L) 2,343 58,739
ZipRealty, Inc. (I) 1,072 3,109
 
    814,828
Thrifts & Mortgage Finance - 0.31%    
Abington Bancorp, Inc. (L) 810 9,906
Astoria Financial Corp. (L) 2,714 39,000
Bank Mutual Corp. 1,455 6,155
BankAtlantic Bancorp, Inc. (I)(L) 2,853 2,625
BankFinancial Corp. 740 6,801
Beacon Federal Bancorp, Inc. 530 7,696
Beneficial Mutual Bancorp, Inc. (I) 2,344 20,205
Berkshire Hill Bancorp, Inc. (L) 362 7,548
Brookline Bancorp, Inc. 1,751 18,438
Brooklyn Federal Bancorp, Inc. 514 339
Capitol Federal Financial, Inc. 4,479 50,478
Charter Financial Corp. 787 8,696
Chicopee Bancorp, Inc. (I) 352 4,981
Clifton Savings Bancorp, Inc. 877 10,410
Dime Community Bancshares 1,101 16,251
Doral Financial Corp. (I) 2,191 2,410
ESB Financial Corp. 567 8,375
ESSA Bancorp, Inc. 535 7,062
Federal Home Loan Mortgage Corp. (I) 17,838 6,957
Federal National Mortgage Association (I) 30,524 12,026
First Defiance Financial Corp. (I) 306 4,361
First Financial Holdings, Inc. 357 4,038
First Financial Northwest, Inc. (I) 707 4,030
First Niagara Financial Group, Inc. (L) 4,559 61,911
First PacTrust Bancorp, Inc. 352 5,600
Flushing Financial Corp. 852 12,695
Fox Chase Bancorp, Inc. 605 8,422
Home Federal Bancorp, Inc. 671 7,904
Hudson City Bancorp, Inc. 13,444 130,138
IMPAC Mortgage Holdings, Inc. (I) 1,297 3,567
Kaiser Federal Financial Group, Inc. 506 6,224
Kearny Financial Corp. 2,002 20,080
Kentucky First Federal Bancorp. 374 3,235
Legacy Bancorp, Inc. 480 6,134
Meridian Interstate Bancorp, Inc. (I) 801 11,254
MGIC Investment Corp. (I)(L) 4,491 39,925
NASB Financial, Inc. (I) 243 3,932
New York Community Bancorp, Inc. (L) 9,076 156,652
NewAlliance Bancshares, Inc. (L) 2,954 43,837
Northwest Bancshares, Inc. 2,981 37,382
OceanFirst Financial Corp. 500 6,975
Ocwen Financial Corp. (I)(L) 2,439 26,878

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thrifts & Mortgage Finance (continued)    
Oritani Financial Corp. 1,620 $ 20,542
People’s United Financial, Inc. 9,200 115,736
Provident Financial Services, Inc. 1,700 25,160
Provident New York Bancorp 1,205 12,436
Prudential Bancorp, Inc. 464 3,294
Pulaski Financial Corp. (L) 530 3,975
Radian Group, Inc. (L) 2,751 18,734
Rockville Financial, Inc. 1,032 10,764
Roma Financial Corp. (L) 982 10,871
TFS Financial Corp. (L) 7,990 84,854
The PMI Group, Inc. (I) 3,744 10,109
TrustCo Bank Corp. 2,219 13,159
United Financial Bancorp, Inc. 563 9,295
Viewpoint Financial Group 1,180 15,340
Washington Federal, Inc. 2,359 40,905
Waterstone Financial, Inc. (I) 1,123 3,448
Westfield Financial, Inc. 1,024 9,277
WSFS Financial Corp. 227 10,692
 
    1,270,124
    67,766,511
Health Care - 10.28%    
Biotechnology - 1.55%    
Acadia Pharmaceuticals, Inc. (I) 3,029 4,907
Achillion Pharmaceuticals, Inc. (I) 1,304 9,324
Acorda Therapeutics, Inc. (I)(L) 1,012 23,478
Affymax, Inc. (I) 558 3,275
Alexion Pharmaceuticals, Inc. (I) 2,237 220,747
Alkermes, Inc. (I) 2,511 32,517
Allos Therapeutics, Inc. (I) 2,361 7,484
Alnylam Pharmaceuticals, Inc. (I)(L) 1,141 10,919
AMAG Pharmaceuticals, Inc. (I) 465 7,766
Amgen, Inc. (I) 23,700 1,266,765
Amylin Pharmaceuticals, Inc. (I)(L) 3,698 42,046
Anthera Pharmaceuticals, Inc. (I) 861 5,820
ARCA Biopharma, Inc. (I) 784 1,999
Ardea Biosciences, Inc. (I) 500 14,345
Arena Pharmaceuticals, Inc. (I) 2,702 3,756
ARIAD Pharmaceuticals, Inc. (I) 3,099 23,304
Arqule, Inc. (I) 1,349 9,659
Array BioPharma, Inc. (I) 2,117 6,478
AspenBio Pharma, Inc. (I) 938 797
Aveo Pharmaceuticals, Inc. (I) 846 11,328
AVI BioPharma, Inc. (I)(L) 4,497 8,409
BioCryst Pharmaceuticals, Inc. (I) 1,071 4,059
Biogen Idec, Inc. (I) 6,056 444,450
BioMarin Pharmaceutical, Inc. (I)(L) 2,614 65,690
BioMimetic Therapeutics, Inc. (I) 576 7,551
BioSpecifics Technologies Corp. (I) 189 4,820
BioTime, Inc. (I)(L) 1,179 8,784
Cel-Sci Corp. (I) 5,736 3,619
Celera Corp. (I) 2,361 19,148
Celgene Corp. (I) 11,853 681,903
Cell Therapeutics, Inc. (I) 15,805 5,879
Celldex Therapeutics, Inc. (I) 939 3,775
Cephalon, Inc. (I)(L) 1,858 140,799
Cepheid, Inc. (I)(L) 1,576 44,160
Chelsea Therapeutics International, Inc. (I) 1,619 6,314
Cleveland Biolabs, Inc. (I)(L) 1,242 9,315
Clinical Data, Inc. (I) 686 20,786
Codexis, Inc. (I) 198 2,348
Cubist Pharmaceuticals, Inc. (I) 1,476 37,254
Curis, Inc. (I) 2,596 8,437
Cytokinetics, Inc. (I) 1,783 2,657

 

398

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Cytori Therapeutics, Inc. (I)(L) 1,170 $ 9,161
CytRx Corp. (I)(L) 5,852 5,150
Dendreon Corp. (I) 3,457 129,396
Discovery Laboratories, Inc. (I) 323 598
Dyax Corp. (I) 2,078 3,346
Dynavax Technologies Corp. (I) 1,942 5,360
Emergent Biosolutions, Inc. (I) 1,009 24,377
Enzon Pharmaceuticals, Inc. (I)(L) 1,414 15,413
Exact Sciences Corp. (I) 1,107 8,148
Exelixis, Inc. (I) 3,023 34,160
Genomic Health, Inc. (I) 792 19,483
Genzyme Corp. (I) 6,678 508,530
Geron Corp. (I) 2,416 12,201
Gilead Sciences, Inc. (I) 21,055 893,574
GTx, Inc. (I)(L) 1,607 4,130
Halozyme Therapeutics, Inc. (I) 2,574 17,272
Human Genome Sciences, Inc. (I)(L) 4,401 120,807
Idenix Pharmaceuticals, Inc. (I)(L) 1,781 5,913
Idera Pharmaceuticals, Inc. (I) 778 2,062
Immunogen, Inc. (I) 1,426 12,934
Immunomedics, Inc. (I) 2,124 8,114
Incyte Corp. (I)(L) 2,830 44,856
Infinity Pharmaceuticals, Inc. (I)(L) 769 4,522
Inhibitex, Inc. (I) 1,258 4,554
Inovio Biomedical Corp. (I) 3,243 3,567
Insmed, Inc. (I) 424 2,845
InterMune, Inc. (I) 1,319 62,244
Ironwood Pharmaceuticals, Inc. (I) 2,351 32,914
Isis Pharmaceuticals, Inc. (I)(L) 2,645 23,911
Keryx Biopharmaceuticals Inc. (I) 1,617 8,085
Lexicon Pharmaceuticals, Inc. (I)(L) 6,928 11,639
Ligand Pharmaceuticals, Inc., Class B (I) 548 5,480
Mannkind Corp. (I)(L) 2,976 10,862
Maxygen, Inc. 1,062 5,522
Medivation, Inc. (I) 941 17,540
Metabolix, Inc. (I) 695 7,304
Micromet, Inc. (I) 1,966 11,029
Momenta Pharmaceuticals, Inc. (I)(L) 1,112 17,625
Myriad Genetics, Inc. (I) 2,463 49,629
Myriad Pharmaceuticals, Inc. (I) 637 2,459
Nabi Biopharmaceuticals (I) 1,647 9,569
Nanosphere, Inc. (I) 1,220 3,965
Neuralstem, Inc. (I) 1,913 3,443
Neurocrine Biosciences, Inc. (I) 1,971 14,960
NeurogesX, Inc. (I) 549 2,223
Novavax, Inc. (I)(L) 2,526 6,542
NPS Pharmaceuticals, Inc. (I) 1,558 14,910
Omeros Corp. (I) 695 5,560
OncoGenex Pharmaceutical, Inc. (I) 172 2,638
Onyx Pharmaceuticals, Inc. (I) 1,666 58,610
Opko Health, Inc. (I)(L) 7,123 26,569
Orexigen Therapeutics, Inc. (I)(L) 1,351 3,796
Osiris Therapeutics, Inc. (I) 916 6,650
PDL BioPharma, Inc. (L) 3,172 18,398
Pharmacyclics, Inc. (I) 885 5,213
Pharmasset, Inc. (I)(L) 853 67,140
PharmAthene, Inc. (I)(L) 2,276 7,260
Progenics Pharmaceuticals, Inc. (I)(L) 935 5,778
Protalix BioTherapeutics, Inc. (I) 1,450 8,816
Regeneron Pharmaceuticals, Inc. (I)(L) 2,007 90,195
Repligen Corp. (I) 1,028 3,855
Rexahn Pharmaceuticals, Inc. (I)(L) 2,958 3,490
Rigel Pharmaceuticals, Inc. (I) 1,052 7,480
Rxi Pharmaceuticals Corp. (I)(L) 1,179 1,627
Sangamo Biosciences, Inc. (I)(L) 1,269 10,571

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Savient Pharmaceuticals, Inc. (I) 1,724 $ 18,274
SciClone Pharmaceuticals, Inc. (I) 1,772 7,159
Seattle Genetics, Inc. (I)(L) 2,722 42,382
SIGA Technologies, Inc. (I) 1,017 12,306
Spectrum Pharmaceuticals, Inc. (I) 1,304 11,593
StemCells, Inc. (I) 3,867 3,519
SuperGen, Inc. (I) 2,016 6,250
Synta Pharmaceuticals Corp. (I)(L) 1,395 7,338
Talecris Biotherapeutics Holdings Corp. (I) 2,612 70,002
Targacept, Inc. (I) 710 18,879
Tengion, Inc. (I) 2,856 7,283
Theravance, Inc. (I) 1,722 41,707
Transcept Pharmaceuticals, Inc. (I) 578 4,734
Unigene Laboratories, Inc. (I) 3,320 4,050
United Therapeutics Corp. (I)(L) 1,386 92,890
Vanda Pharmaceuticals, Inc. (I)(L) 745 5,431
Vertex Pharmaceuticals, Inc. (I)(L) 4,854 232,652
Vical, Inc. (I) 1,699 5,029
Ziopharm Oncology, Inc. (I) 1,025 6,406
 
    6,390,729
Health Care Equipment & Supplies - 1.80%    
Abaxis, Inc. (I)(L) 619 17,852
ABIOMED, Inc. (I) 1,107 16,085
Accuray, Inc. (I)(L) 1,632 14,737
Alere, Inc. (I) 2,152 84,229
Align Technology, Inc. (I)(L) 1,797 36,803
Alphatec Holdings, Inc. (I)(L) 1,822 4,919
American Medical    
Systems Holdings, Inc. (I)(L) 1,939 41,960
Analogic Corp. 385 21,772
AngioDynamics, Inc. (I) 711 10,750
ArthroCare Corp. (I) 400 13,336
Atrion Corp. 60 10,468
Baxter International, Inc. 14,592 784,612
Beckman Coulter, Inc. 1,748 145,206
Becton, Dickinson & Company 5,774 459,726
Boston Scientific Corp. (I)(L) 38,375 275,916
Bovie Medical Corp. (I) 621 1,925
C.R. Bard, Inc. (L) 2,313 229,704
Cantel Medical Corp. 469 12,077
CareFusion Corp. (I) 4,772 134,570
Conceptus, Inc. (I) 873 12,615
CONMED Corp. (I)(L) 843 22,154
CryoLife, Inc. (I) 905 5,521
Cutera, Inc. (I) 480 4,114
Cyberonics, Inc. (I) 793 25,225
Cynosure, Inc. (I) 415 5,764
Delcath Systems, Inc. (I)(L) 997 7,348
DENTSPLY International, Inc. 3,655 135,198
DexCom, Inc. (I) 1,357 21,061
Edwards Lifesciences Corp. (I) 2,812 244,644
Endologix, Inc. (I) 1,596 10,821
Exactech, Inc. (I) 444 7,792
Gen-Probe, Inc. (I) 1,245 82,606
Greatbatch, Inc. (I) 638 16,881
Haemonetics Corp. (I) 621 40,700
Hansen Medical, Inc. (I) 2,337 5,165
HeartWare International, Inc. (I) 152 13,001
Hill-Rom Holdings, Inc. 1,621 61,566
Hologic, Inc. (I)(L) 6,585 146,187
ICU Medical, Inc. (I) 416 18,212
IDEXX Laboratories, Inc. (I)(L) 1,461 112,818
Immucor, Inc. (I)(L) 1,803 35,663
Insulet Corp. (I)(L) 889 18,331

 

399

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Equipment & Supplies (continued)    
Integra LifeSciences Holdings Corp. (I) 741 $ 35,138
Intuitive Surgical, Inc. (I) 984 328,125
Invacare Corp. (L) 863 26,857
IRIS International, Inc. (I) 544 4,907
Kensey Nash Corp. (I) 366 9,117
Kinetic Concepts, Inc. (I)(L) 1,817 98,881
MAKO Surgical Corp. (I) 870 21,054
Masimo Corp. (L) 1,554 51,437
Medical Action Industries, Inc. (I) 530 4,452
Medtronic, Inc. 26,996 1,062,293
MELA Sciences, Inc. (I) 623 2,193
Meridian Bioscience, Inc. (L) 1,134 27,205
Merit Medical Systems, Inc. (I) 803 15,755
Natus Medical, Inc. (I) 818 13,742
Neogen Corp. (I) 640 26,483
NuVasive, Inc. (I)(L) 994 25,168
NxStage Medical, Inc. (I)(L) 1,346 29,585
OraSure Technologies, Inc. (I) 1,614 12,686
Orthofix International NV (I) 515 16,717
Orthovita, Inc. (I) 2,292 4,882
Palomar Medical Technologies, Inc. (I) 607 9,014
Quidel Corp. (I)(L) 938 11,218
ResMed, Inc. (I)(L) 3,774 113,220
Rochester Medical Corp. (I) 396 4,546
Rockwell Medical Technologies, Inc. (I)(L) 562 5,047
RTI Biologics, Inc. (I) 1,876 5,365
Sirona Dental Systems, Inc. (I) 1,421 71,277
SonoSite, Inc. (I) 446 14,861
Spectranetics Corp. (I) 1,276 6,010
St. Jude Medical, Inc. 8,465 433,916
STAAR Surgical Company (I)(L) 1,275 7,102
Stereotaxis, Inc. (I) 1,375 5,321
STERIS Corp. (L) 1,494 51,603
Stryker Corp. 10,007 608,426
SurModics, Inc. (I)(L) 519 6,488
Symmetry Medical, Inc. (I) 1,095 10,731
Synovis Life Technologies, Inc. (I) 364 6,982
Teleflex, Inc. (L) 976 56,588
The Cooper Companies, Inc. 1,162 80,701
Thoratec Corp. (I)(L) 1,454 37,702
TomoTherapy, Inc. (I) 2,050 9,369
TranS1, Inc. (I) 1,489 6,432
Utah Medical Products, Inc. 176 5,093
Varian Medical Systems, Inc. (I)(L) 3,102 209,819
Vascular Solutions, Inc. (I) 568 6,197
Volcano Corp. (I) 1,303 33,357
West Pharmaceutical Services, Inc. 834 37,338
Wright Medical Group, Inc. (I) 1,085 18,456
Young Innovations, Inc. 301 9,451
Zimmer Holdings, Inc. (I) 4,979 301,379
Zoll Medical Corp. (I)(L) 627 28,096
 
    7,397,816
Health Care Providers & Services - 2.13%    
Accretive Health, Inc. (I) 1,012 28,093
Aetna, Inc. 10,256 383,882
Air Methods Corp. (I) 378 25,421
Alliance HealthCare Services, Inc. (I) 1,545 6,829
Allied Healthcare International, Inc. (I) 1,783 4,529
Almost Family, Inc. (I)(L) 235 8,845
Amedisys, Inc. (I) 738 25,830
America Service Group, Inc. 295 7,564
American Dental Partners, Inc. (I) 581 7,623
AMERIGROUP Corp. (I)(L) 1,303 83,718
AmerisourceBergen Corp. 7,117 281,549

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
AMN Healthcare Services, Inc. (I) 997 $ 8,634
AmSurg Corp. (I) 841 21,395
Assisted Living Concepts, Inc. (I) 392 15,343
Bio-Reference Labs, Inc. (I)(L) 767 17,211
BioScrip, Inc. (I) 1,289 6,071
Brookdale Senior Living, Inc. (I) 3,054 85,512
Capital Senior Living Corp. (I) 1,094 11,618
Cardinal Health, Inc. 8,850 364,001
CardioNet, Inc. (I) 627 3,003
Catalyst Health Solutions, Inc. (I) 1,118 62,530
Centene Corp. (I) 1,186 39,114
Chemed Corp. 537 35,770
Chindex International, Inc. (I)(L) 484 7,768
CIGNA Corp. 6,807 301,414
Community Health Systems, Inc. (I)(L) 2,363 94,496
Continucare Corp. (I) 2,330 12,466
Corvel Corp. (I) 362 19,251
Coventry Health Care, Inc. (I) 3,740 119,269
Cross Country Healthcare, Inc. (I) 961 7,525
DaVita, Inc. (I) 2,545 217,623
Emergency Medical    
Services Corp., Class A (I) 481 30,587
Emeritus Corp. (I) 1,070 27,242
Express Scripts, Inc. (I) 13,662 759,744
Five Star Quality Care, Inc. (I) 1,299 10,561
Gentiva Health Services, Inc. (I) 803 22,508
Hanger Orthopedic Group, Inc. (I) 873 22,724
Health Management    
Associates, Inc., Class A (I) 6,423 70,011
Health Net, Inc. (I) 2,548 83,320
Healthsouth Corp. (I) 2,362 59,003
Healthspring, Inc. (I) 1,521 56,840
Healthways, Inc. (I) 1,022 15,708
Henry Schein, Inc. (I) 2,230 156,479
HMS Holdings Corp. (I)(L) 682 55,822
Humana, Inc. (I) 4,198 293,608
IPC The Hospitalist Company, Inc. (I) 448 20,344
Kindred Healthcare, Inc. (I)(L) 1,082 25,838
Laboratory Corp. of America Holdings (I) 2,481 228,575
Landauer, Inc. 260 15,995
LCA-Vision, Inc. (I) 680 4,590
LHC Group, Inc. (I) 505 15,150
LifePoint Hospitals, Inc. (I)(L) 1,373 55,167
Lincare Holdings, Inc. 2,436 72,252
Magellan Health Services, Inc. (I) 842 41,325
McKesson Corp. 6,523 515,643
MedCath Corp. (I) 602 8,398
Medco Health Solutions, Inc. (I) 10,798 606,416
MEDNAX, Inc. (I) 1,175 78,267
Molina Healthcare, Inc. (I) 706 28,240
MWI Veterinary Supply, Inc. (I)(L) 344 27,754
National Healthcare Corp. 367 17,062
National Research Corp. 209 7,093
NovaMed, Inc. (I) 303 4,000
Omnicare, Inc. (L) 2,976 89,250
Owens & Minor, Inc. 1,582 51,383
Patterson Companies, Inc. 3,062 98,566
PharMerica Corp. (I) 873 9,987
PSS World Medical, Inc. (I)(L) 1,492 40,508
Quest Diagnostics, Inc. 4,433 255,873
RehabCare Group, Inc. (I) 517 19,062
Select Medical Holdings Corp. (I) 2,914 23,487
Skilled Healthcare Group, Inc. (I)(L) 1,119 16,102
Sun Healthcare Group, Inc. (I) 424 5,966
Sunrise Senior Living, Inc. (I) 1,848 22,047

 

400

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
Team Health Holdings, Inc. (I) 747 $ 13,058
Tenet Healthcare Corp. (I) 12,405 92,417
The Ensign Group, Inc. 555 17,721
The Providence Service Corp. (I) 400 5,992
Triple-S Management Corp., Class B (I) 927 19,078
UnitedHealth Group, Inc. 27,897 1,260,944
Universal American Financial Corp. (L) 1,971 45,156
Universal Health Services, Inc., Class B 2,496 123,327
US Physical Therapy, Inc. 456 10,187
VCA Antech, Inc. (I)(L) 2,115 53,256
WellCare Health Plans, Inc. (I) 1,123 47,110
WellPoint, Inc. 9,764 681,430
 
    8,752,070
Health Care Technology - 0.14%    
Allscripts-Misys Healthcare Solutions, Inc. (I) 5,485 115,130
athenahealth, Inc. (I) 902 40,707
Cerner Corp. (I)(L) 2,041 226,959
Computer Programs & Systems, Inc. 284 18,256
Emdeon, Inc., Class A (I) 2,279 36,715
Icad, Inc. (I) 1,996 2,695
MedAssets, Inc. (I)(L) 1,496 22,844
Medidata Solutions, Inc. (I) 654 16,723
MedQuist, Inc. 1,127 11,586
Merge Healthcare, Inc. (I) 1,602 7,818
Omnicell, Inc. (I) 951 14,493
Quality Systems, Inc. 714 59,505
Transcend Services, Inc. (I) 304 7,296
Vital Images, Inc. (I) 480 6,485
 
    587,212
Life Sciences Tools & Services - 0.61%    
Affymetrix, Inc. (I) 2,183 11,373
Agilent Technologies, Inc. (I) 8,774 392,900
Albany Molecular Research, Inc. (I) 943 4,017
Bio-Rad Laboratories, Inc., Class A (I) 668 80,254
Bruker Corp. (I) 4,254 88,696
Caliper Life Sciences, Inc. (I) 2,073 14,013
Cambrex Corp. (I) 1,156 6,358
Charles River    
Laboratories International, Inc. (I) 1,687 64,747
Covance, Inc. (I)(L) 1,617 88,482
Dionex Corp. (I) 439 51,824
Enzo Biochem, Inc. (I) 1,224 5,129
eResearch Technology, Inc. (I) 1,526 10,331
Furiex Pharmaceuticals, Inc. (I) 248 4,186
Harvard Bioscience, Inc. (I) 1,347 7,651
Illumina, Inc. (I)(L) 3,065 214,765
Kendle International, Inc. (I) 418 4,477
Life Technologies Corp. (I) 4,547 238,354
Luminex Corp. (I) 1,175 22,043
Medtox Scientific, Inc. 380 6,236
Mettler-Toledo International, Inc. (I)(L) 804 138,288
Parexel International Corp. (I)(L) 1,512 37,649
PerkinElmer, Inc. 2,971 78,048
Pharmaceutical Product Development, Inc. 2,982 82,631
Sequenom, Inc. (I) 1,676 10,609
Techne Corp. (L) 875 62,650
Thermo Fisher Scientific, Inc. (I) 10,259 569,887
Waters Corp. (I)(L) 2,346 203,867
 
    2,499,465
Pharmaceuticals - 4.05%    
Abbott Laboratories 38,347 1,880,920
Acura Pharmaceuticals, Inc. (I)(L) 1,237 3,909
Akorn, Inc. (I) 3,071 17,720

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Alexza Pharmaceuticals, Inc. (I) 1,676 $ 2,849
Allergan, Inc. 7,657 543,800
Auxilium Pharmaceuticals, Inc. (I)(L) 1,169 25,098
AVANIR Pharmaceuticals, Class A (I)(L) 2,373 9,682
Biodel, Inc. (I)(L) 1,025 2,153
Bristol-Myers Squibb Company 42,838 1,132,208
Cadence Pharmaceuticals, Inc. (I)(L) 1,445 13,308
Caraco Pharmaceutical Laboratories, Ltd. (I) 1,183 6,152
Columbia Laboratories, Inc. (I) 2,968 11,189
Corcept Therapeutics, Inc. (I)(L) 1,037 4,407
Cornerstone Therapeutics, Inc. (I) 733 4,852
Cumberland Pharmaceuticals, Inc. (I) 514 2,842
DepoMed, Inc. (I) 1,695 17,018
Durect Corp. (I) 2,460 8,856
Eli Lilly & Company 27,276 959,297
Emisphere Technologies, Inc. (I) 2,126 2,902
Endo Pharmaceuticals Holdings, Inc. (I) 2,942 112,267
Endo Pharmaceuticals, Inc. (I) 2,544 204
Forest Laboratories, Inc. (I) 7,116 229,847
Hi-Tech Pharmacal Company, Inc. (I) 348 7,005
Hospira, Inc. (I) 4,108 226,762
Impax Laboratories, Inc. (I) 1,213 30,871
Inspire Pharmaceuticals, Inc. (I) 2,363 9,357
Ista Pharmaceuticals, Inc. (I) 1,316 13,331
Jazz Pharmaceuticals, Inc. (I) 952 30,321
Johnson & Johnson 66,186 3,921,521
K-V Pharmaceutical Company, Class A (I)(L) 1,702 10,195
Lannett Company, Inc. (I) 733 4,090
MAP Pharmaceuticals, Inc. (I) 618 8,522
Medicis Pharmaceutical Corp., Class A 1,569 50,271
Merck & Company, Inc. 76,585 2,528,071
Mylan, Inc. (I) 7,769 176,123
Nektar Therapeutics (I) 2,448 23,183
NeoStem, Inc. (I) 1,863 3,204
Obagi Medical Products, Inc. (I) 733 9,265
Optimer Pharmaceuticals, Inc. (I) 810 9,582
Pain Therapeutics, Inc. (I) 1,329 12,705
Par Pharmaceutical Companies, Inc. (I) 976 30,334
Perrigo Company 2,311 183,771
Pfizer, Inc. 199,938 4,060,741
POZEN, Inc. (I)(L) 921 4,946
Questcor Pharmaceuticals, Inc. (I)(L) 1,776 25,592
Salix Pharmaceuticals, Ltd. (I) 1,345 47,115
Santarus, Inc. (I) 1,897 6,488
Somaxon Pharmaceuticals, Inc. (I)(L) 752 2,128
Sucampo Pharmaceuticals, Inc. (I) 1,224 5,141
The Medicines Company (I)(L) 1,488 24,240
Valeant Pharmaceuticals International, Inc.    
(Toronto Exchange) 405 20,173
Viropharma, Inc. (I)(L) 2,038 40,556
Vivus, Inc. (I) 2,092 12,949
Watson Pharmaceuticals, Inc. (I) 2,807 157,220
XenoPort, Inc. (I) 786 4,661
 
    16,691,914
    42,319,206
Industrials - 11.10%    
Aerospace & Defense - 2.34%    
AAR Corp. (L) 1,019 28,247
Aerovironment, Inc. (I) 594 20,772
Alliant Techsystems, Inc. 781 55,193
American Science & Engineering, Inc. 228 21,058
Ascent Solar Technologies, Inc. (I) 3,678 10,556
Astronics Corp. (I) 363 9,137

 

401

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Aerospace & Defense (continued)    
BE Aerospace, Inc. (I) 2,611 $ 92,769
Ceradyne, Inc. (I)(L) 743 33,494
Cubic Corp. 673 38,698
Curtiss-Wright Corp. 1,149 40,376
DigitalGlobe, Inc. (I) 1,183 33,159
Ducommun, Inc. 360 8,604
Esterline Technologies Corp. (I) 759 53,676
GenCorp, Inc. (I)(L) 1,684 10,070
General Dynamics Corp. 9,485 726,172
GeoEye, Inc. (I) 543 22,578
Goodrich Corp. 3,115 266,426
HEICO Corp., Class A 879 39,537
Herley Industries, Inc. (I)(L) 450 8,550
Hexcel Corp. (I)(L) 2,508 49,383
Honeywell International, Inc. 19,242 1,148,940
Huntington Ingalls Industries, Inc. (I) 1,245 51,681
ITT Corp. 4,549 273,167
Kratos Defense & Security Solutions, Inc. (I) 430 6,123
L-3 Communications Holdings, Inc. 2,858 223,810
Ladish Company, Inc. (I) 505 27,598
LMI Aerospace, Inc. (I) 374 7,559
Lockheed Martin Corp. 9,037 726,575
Moog, Inc., Class A (I) 1,069 49,078
National Presto Industries, Inc. (L) 167 18,818
Northrop Grumman Corp. 7,472 468,569
Orbital Sciences Corp., Class A (I)(L) 1,479 27,983
Precision Castparts Corp. 3,539 520,870
Raytheon Company 9,207 468,360
Rockwell Collins, Inc. 3,915 253,809
Spirit Aerosystems    
Holdings, Inc., Class A (I)(L) 3,574 91,745
Taser International, Inc. (I) 1,850 7,530
Teledyne Technologies, Inc. (I) 901 46,591
Textron, Inc. (L) 6,943 190,169
The Boeing Company 18,297 1,352,697
TransDigm Group, Inc. (I) 1,210 101,434
Triumph Group, Inc. (L) 432 38,210
United Technologies Corp. 22,967 1,944,157
 
    9,613,928
Air Freight & Logistics - 0.81%    
Air Transport Services Group, Inc. (I) 1,821 15,387
Atlas Air Worldwide Holdings, Inc. (I) 574 40,019
C.H. Robinson Worldwide, Inc. (L) 4,155 308,010
Expeditors International of Washington, Inc. 5,309 266,193
FedEx Corp. 7,866 735,864
Forward Air Corp. 789 24,167
HUB Group, Inc., Class A (I) 1,001 36,226
Pacer International, Inc. (I)(L) 1,286 6,764
Park-Ohio Holdings Corp. (I) 499 10,309
United Parcel Service, Inc., Class B 24,807 1,843,656
UTi Worldwide, Inc. 2,665 53,940
 
    3,340,535
Airlines - 0.22%    
AirTran Holdings, Inc. (I) 3,288 24,496
Alaska Air Group, Inc. (I) 915 58,029
Allegiant Travel Company 512 22,431
AMR Corp. (I)(L) 7,783 50,278
Delta Air Lines, Inc. (I) 19,822 194,256
Hawaiian Holdings, Inc. (I) 1,498 9,003
JetBlue Airways Corp. (I)(L) 7,572 47,476
Pinnacle Airlines Corp. (I) 660 3,795
Republic Airways Holdings, Inc. (I)(L) 1,075 6,912
Skywest, Inc. 1,517 25,668

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Airlines (continued)    
Southwest Airlines Company 18,744 $ 236,737
United Continental Holdings, Inc. (I) 7,707 177,184
US Airways Group, Inc. (I)(L) 3,798 33,081
 
    889,346
Building Products - 0.16%    
A.O. Smith Corp. 1,126 49,927
AAON, Inc. 511 16,812
American Woodmark Corp. 421 8,790
Ameron International Corp. 258 18,006
Apogee Enterprises, Inc. 791 10,433
Armstrong World Industries, Inc. 1,446 66,906
Builders FirstSource, Inc. (I) 1,331 3,780
Gibraltar Industries, Inc. (I) 892 10,642
Griffon Corp. (I) 1,664 21,848
Insteel Industries, Inc. 537 7,593
Lennox International, Inc. 1,392 73,191
Masco Corp. 9,074 126,310
NCI Building Systems, Inc. (I) 290 3,674
Owens Corning (I) 3,237 116,500
PGT, Inc. (I)(L) 1,565 3,678
Quanex Building Products Corp. 1,041 20,435
Simpson Manufacturing Company, Inc. (L) 1,268 37,355
Trex Company, Inc. (I) 458 14,940
Universal Forest Products, Inc. 524 19,205
USG Corp. (I)(L) 2,594 43,216
 
    673,241
Commercial Services & Supplies - 0.69%    
ABM Industries, Inc. 1,294 32,855
ACCO Brands Corp. (I) 1,599 15,254
American Reprographics Company (I) 1,377 14,252
APAC Customer Services, Inc. (I) 1,423 8,552
Avery Dennison Corp. 2,825 118,537
Cenveo, Inc. (I) 1,729 11,290
Cintas Corp. 3,611 109,305
Clean Harbors, Inc. (I) 678 66,891
Consolidated Graphics, Inc. (I) 303 16,553
Copart, Inc. (I) 1,958 84,840
Corrections Corp. of America (I) 2,731 66,636
Courier Corp. 365 5,095
Covanta Holding Corp. (L) 3,963 67,688
Deluxe Corp. (L) 1,294 34,343
EnergySolutions, Inc. (L) 2,481 14,787
EnerNOC, Inc. (I) 663 12,670
Ennis, Inc. 783 13,334
Fuel Tech, Inc. (I) 720 6,408
G&K Services, Inc., Class A 538 17,889
Healthcare Services Group, Inc. 1,512 26,581
Heritage-Crystal Clean, Inc. (I) 382 5,444
Herman Miller, Inc. (L) 1,386 38,101
Higher One Holdings, Inc. (I) 721 10,418
HNI Corp. (L) 1,140 35,978
Innerworkings, Inc. (I)(L) 1,379 10,177
Interface, Inc., Class A (L) 1,615 29,861
Iron Mountain, Inc. 5,102 159,335
KAR Auction Services, Inc. (I) 2,484 38,105
Kimball International, Inc., Class B 1,154 8,078
Knoll, Inc. (L) 1,249 26,179
M&F Worldwide Corp. (I) 527 13,238
McGrath Rentcorp 676 18,435
Metalico, Inc. (I)(L) 1,307 8,130
Mine Safety Appliances Company 931 34,140
Mobile Mini, Inc. (I)(L) 978 23,492
Multi-Color Corp. 402 8,124

 

402

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Services & Supplies (continued)    
Perma-Fix Environmental Services, Inc. (I) 1,860 $ 2,809
Pitney Bowes, Inc. 5,036 129,375
R.R. Donnelley & Sons Company (L) 5,132 97,097
Republic Services, Inc. 9,639 289,556
Rino International Corp. (I) 527 943
Rollins, Inc. 3,597 73,019
Schawk, Inc., Class A 698 13,569
Standard Parking Corp. (I) 524 9,306
Standard Register Company 865 2,872
Steelcase, Inc., Class A 3,560 40,513
Stericycle, Inc. (I)(L) 2,085 184,877
Sykes Enterprises, Inc. (I) 1,255 24,811
Team, Inc. (I) 565 14,837
Tetra Tech, Inc. (I) 1,598 39,455
The Brinks Company 1,204 39,864
The Geo Group, Inc. (I)(L) 1,794 45,998
Unifirst Corp. 500 26,505
United Stationers, Inc. 565 40,143
US Ecology, Inc. 563 9,813
Viad Corp. 594 14,220
Waste Connections, Inc. 2,938 84,585
Waste Management, Inc. (L) 12,130 452,934
 
    2,848,096
Construction & Engineering - 0.32%    
Aecom Technology Corp. (I) 2,821 78,226
Argan, Inc. (I) 425 3,638
Comfort Systems USA, Inc. 1,100 15,477
Dycom Industries, Inc. (I) 1,168 20,253
EMCOR Group, Inc. (I) 1,714 53,083
Fluor Corp. 4,500 331,470
Furmanite Corp. (I) 1,184 9,472
Granite Construction, Inc. (L) 975 27,398
Great Lakes Dredge & Dock Corp. 1,642 12,528
Insituform Technologies, Inc., Class A (I) 1,011 27,044
Integrated Electrical Services, Inc. (I) 455 1,565
Jacobs Engineering Group, Inc. (I) 3,130 160,976
KBR, Inc. 4,030 152,213
Layne Christensen Company (I) 553 19,079
MasTec, Inc. (I) 2,023 42,078
Michael Baker Corp. (I) 244 7,093
MYR Group, Inc. (I) 563 13,467
Northwest Pipe Company (I)(L) 260 5,962
Orion Marine Group, Inc. (I) 705 7,572
Pike Electric Corp. (I) 929 8,844
Quanta Services, Inc. (I) 4,996 112,060
Sterling Construction Company, Inc. (I) 376 6,347
The Shaw Group, Inc. (I) 2,136 75,636
Tutor Perini Corp. 1,306 31,814
URS Corp. (I) 2,083 95,922
 
    1,319,217
Electrical Equipment - 0.71%    
A123 Systems, Inc. (I)(L) 2,494 15,837
Acuity Brands, Inc. (L) 1,062 62,116
Advanced Battery Technologies, Inc. (I)(L) 1,738 3,372
American Superconductor Corp. (I) 1,177 29,272
AMETEK, Inc. 3,936 172,672
AZZ, Inc. (L) 360 16,416
Beacon Power Corp. (I) 943 1,848
Belden, Inc. 1,221 45,849
Brady Corp., Class A 1,328 47,396
Broadwind Energy, Inc. (I) 10,392 13,614
Capstone Turbine Corp. (I)(L) 5,555 10,055
Emerson Electric Company 18,660 1,090,304

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electrical Equipment (continued)    
Encore Wire Corp. 643 $ 15,651
Ener1, Inc. (I) 3,206 9,490
EnerSys (I) 1,280 50,880
Franklin Electric Company, Inc. 628 29,014
Fuelcell Energy, Inc. (I)(L) 12,106 25,907
General Cable Corp. (I)(L) 1,394 60,360
GrafTech International, Ltd. (I)(L) 3,148 64,943
Hubbell, Inc., Class B 1,394 99,016
II-VI, Inc. (I) 795 39,551
LaBarge, Inc. (I) 492 8,708
LSI Industries, Inc. 780 5,647
Nexxus Lighting, Inc. (I) 318 1,034
Polypore International, Inc. (I)(L) 1,201 69,154
Powell Industries, Inc. (I) 330 13,015
Preformed Line Products Company 156 10,791
Regal-Beloit Corp. 900 66,447
Rockwell Automation, Inc. (L) 3,587 339,510
Roper Industries, Inc. (L) 2,301 198,944
Satcon Technology Corp. (I) 1,997 7,708
The Babcock & Wilcox Company (I) 2,913 97,236
Thomas & Betts Corp. (I) 1,315 78,203
UQM Technologies, Inc. (I) 4,418 13,166
Valence Technology, Inc. (I)(L) 4,864 7,588
Vicor Corp. (L) 1,180 19,458
Woodward, Inc. 1,734 59,927
Zbb Energy Corp. (I) 6,435 7,529
 
    2,907,628
Industrial Conglomerates - 1.75%    
3M Company 17,675 1,652,613
Carlisle Companies, Inc. 1,509 67,226
General Electric Company 265,872 5,330,734
Raven Industries, Inc. 511 31,386
Seaboard Corp. 31 74,803
Standex International Corp. 432 16,368
Tredegar Industries, Inc. 946 20,415
United Capital Corp. (I) 279 7,896
 
    7,201,441
Machinery - 2.56%    
3D Systems Corp. (I)(L) 736 35,733
Actuant Corp., Class A (L) 1,778 51,562
AGCO Corp. (I)(L) 2,304 126,651
Alamo Group, Inc. 343 9,415
Albany International Corp., Class A 774 19,273
Altra Holdings, Inc. (I) 837 19,770
American Railcar Industries, Inc. (I) 738 18,420
Ampco-Pittsburgh Corp. 311 8,577
Astec Industries, Inc. (I) 603 22,486
Badger Meter, Inc. 413 17,020
Barnes Group, Inc. (L) 1,453 30,339
Blount International, Inc. (I) 1,350 21,573
Briggs & Stratton Corp. (L) 1,338 30,306
Bucyrus International, Inc. 1,999 182,809
Cascade Corp. 111 4,948
Caterpillar, Inc. 15,727 1,751,201
Chart Industries, Inc. (I) 790 43,482
CIRCOR International, Inc. 491 23,087
CLARCOR, Inc. 1,238 55,623
Colfax Corp. (I) 1,310 30,065
Columbus McKinnon Corp. (I) 576 10,633
Commercial Vehicle Group, Inc. (I) 851 15,182
Crane Company 1,485 71,919
Cummins, Inc. 4,992 547,223
Danaher Corp. 16,216 841,610

 

403

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Deere & Company 10,507 $ 1,018,023
Donaldson Company, Inc. 1,875 114,919
Dover Corp. 4,694 308,584
Dynamic Materials Corp. 370 10,342
Eaton Corp. 8,350 462,924
Energy Recovery, Inc. (I) 1,460 4,643
EnPro Industries, Inc. (I) 575 20,884
ESCO Technologies, Inc. 711 27,125
Federal Signal Corp. 1,455 9,472
Flanders Corp. (I) 918 2,984
Flow International Corp. (I) 1,391 6,106
Flowserve Corp. 1,399 180,191
Force Protection, Inc. (I) 1,894 9,281
FreightCar America, Inc. (I) 369 11,996
Gardner Denver, Inc. 1,309 102,141
Graco, Inc. (L) 1,527 69,463
Graham Corp. 322 7,709
Greenbrier Companies, Inc. (I) 617 17,510
Harsco Corp. 2,073 73,156
Hurco Companies, Inc. (I) 228 6,954
IDEX Corp. 1,982 86,514
Illinois Tool Works, Inc. 12,516 672,360
John Bean Technologies Corp. 744 14,307
Joy Global, Inc. (L) 2,586 255,523
Kadant, Inc. (I) 468 12,257
Kaydon Corp. 859 33,664
Kennametal, Inc. 2,053 80,067
L.B. Foster Company 310 13,364
Lincoln Electric Holdings, Inc. 1,065 80,855
Lindsay Corp. 368 29,079
Meritor, Inc. (I) 2,097 35,586
Met-Pro Corp. 518 6,164
Middleby Corp. (I)(L) 479 44,652
Miller Industries, Inc. 442 7,178
Mueller Industries, Inc. 1,020 37,352
Mueller Water Products, Inc. 3,212 14,390
NACCO Industries, Inc., Class A 223 24,679
Navistar International Corp. (I) 1,796 124,517
Nordson Corp. 850 97,801
Omega Flex, Inc. (I) 322 4,331
Oshkosh Corp. (I) 2,292 81,091
PACCAR, Inc. (L) 9,162 479,631
Pall Corp. 2,914 167,876
Parker Hannifin Corp. 4,030 381,560
Pentair, Inc. (L) 2,441 92,245
PMFG, Inc. (I) 477 10,179
RBC Bearings, Inc. (I) 592 22,632
Robbins & Myers, Inc. 1,299 59,741
Sauer-Danfoss, Inc. (I) 1,366 69,570
SmartHeat, Inc. (I) 603 1,706
Snap-On, Inc. (L) 1,450 87,087
SPX Corp. 1,257 99,793
Sun Hydraulics, Inc. 480 20,688
Tecumseh Products Company, Class A (I) 727 7,285
Tennant Company 543 22,828
Terex Corp. (I) 2,771 102,638
The Eastern Company (L) 217 4,149
The Gorman-Rupp Company 488 19,222
The Manitowoc Company, Inc. (L) 3,433 75,114
The Toro Company 822 54,433
Timken Company 2,469 129,129
Titan International, Inc. 1,034 27,515
TriMas Corp. (I) 1,098 23,607
Trinity Industries, Inc. (L) 2,056 75,394
Twin Disc, Inc. 407 13,114

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Valmont Industries, Inc. 668 $ 69,719
Wabash National Corp. (I)(L) 1,440 16,675
WABCO Holdings, Inc. (I) 1,648 101,583
Wabtec Corp. 1,194 80,989
Watts Water Technologies, Inc., Class A (L) 783 29,903
 
    10,555,050
Marine - 0.04%    
Alexander & Baldwin, Inc. (L) 1,088 49,667
Eagle Bulk Shipping, Inc. (I)(L) 1,793 6,670
Excel Maritime Carriers, Ltd. (I)(L) 2,253 9,665
Genco Shipping & Trading, Ltd. (I)(L) 884 9,521
Horizon Lines, Inc. 1,058 899
International Shipholding Corp. 238 5,926
Kirby Corp. (I) 1,357 77,743
Navios Maritime Partners LP 653 13,275
TBS International PLC, Class A (I) 1,932 3,767
 
    177,133
Professional Services - 0.32%    
Acacia Research - Acacia Technologies (I) 1,063 36,376
Barrett Business Services, Inc. 443 7,115
CBIZ, Inc. (I)(L) 1,776 12,805
CDI Corp. 579 8,563
CoStar Group, Inc. (I)(L) 555 34,787
CRA International, Inc. (I) 339 9,773
Dun & Bradstreet Corp. (L) 1,219 97,813
Equifax, Inc. 3,129 121,562
Exponent, Inc. (I) 387 17,264
FTI Consulting, Inc. (I) 1,192 45,689
GP Strategies Corp. (I) 781 10,622
Heidrick & Struggles International, Inc. 459 12,774
Hill International, Inc. (I) 1,334 7,057
Hudson Highland Group, Inc. (I) 1,157 7,521
Huron Consulting Group, Inc. (I) 570 15,783
ICF International, Inc. (I) 401 8,237
IHS, Inc., Class A (I)(L) 1,573 139,604
Insperity, Inc. 689 20,932
Kelly Services, Inc., Class A (I) 1,022 22,188
Kforce, Inc. (I) 1,103 20,185
Korn/Ferry International (I) 1,276 28,417
Manpower, Inc. 1,995 125,446
Navigant Consulting Company (I) 1,367 13,656
Odyssey Marine Exploration, Inc. (I)(L) 3,014 9,283
On Assignment, Inc. (I) 1,155 10,926
Resources Connection, Inc. 1,266 24,548
Robert Half International, Inc. (L) 3,724 113,954
School Specialty, Inc. (I)(L) 555 7,937
SFN Group, Inc. (I) 1,603 22,586
The Advisory Board Company (I) 449 23,124
The Corporate Executive Board Company (L) 895 36,131
The Dolan Company (I) 857 10,404
Towers Watson & Company, Class A 1,538 85,297
TrueBlue, Inc. (I) 1,228 20,618
Verisk Analytics, Inc., Class A (I) 3,120 102,211
Volt Information Sciences, Inc. (I) 717 5,879
VSE Corp. 148 4,397
 
    1,301,464
Road & Rail - 0.90%    
AMERCO, Inc. (I) 494 47,918
Arkansas Best Corp. 705 18,274
Avis Budget Group, Inc. (I)(L) 2,681 48,017
Celadon Group, Inc. (I) 732 11,888
Con-way, Inc. (L) 1,284 50,448
CSX Corp. (L) 9,595 754,167

 

404

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Road & Rail (continued)    
Dollar Thrifty Automotive Group, Inc. (I) 626 $ 41,773
Genesee & Wyoming, Inc., Class A (I) 975 56,745
Heartland Express, Inc. (L) 2,236 39,264
Hertz Global Holdings, Inc. (I)(L) 10,406 162,646
J.B. Hunt Transport Services, Inc. 3,165 143,754
Kansas City Southern (I) 2,453 133,566
Knight Transportation, Inc. (L) 2,109 40,598
Landstar System, Inc. 1,236 56,460
Marten Transport, Ltd. 604 13,469
Norfolk Southern Corp. 9,256 641,163
Old Dominion Freight Line, Inc. (I) 1,432 50,249
Patriot Transportation Holding, Inc. (I) 303 8,105
RailAmerica, Inc. (I) 415 7,072
Ryder Systems, Inc. 1,354 68,512
Saia, Inc. (I) 413 6,769
Union Pacific Corp. 12,396 1,218,899
Universal Truckload Services, Inc. (I)(L) 479 8,263
USA Truck, Inc. (I) 336 4,368
Werner Enterprises, Inc. (L) 1,798 47,593
YRC Worldwide, Inc. (I) 7,499 13,198
 
    3,693,178
Trading Companies & Distributors - 0.27%    
Aceto Corp. 765 6,097
Aircastle, Ltd. (L) 2,188 26,409
Applied Industrial Technologies, Inc. 1,121 37,284
Beacon Roofing Supply, Inc. (I)(L) 1,173 24,011
BlueLinx Holdings, Inc. (I) 1,112 4,114
CAI International, Inc. (I) 702 18,154
DXP Enterprises, Inc. (I) 385 8,886
Fastenal Company (L) 3,704 240,130
GATX Corp. 1,171 45,271
H&E Equipment Services, Inc. (I) 1,032 20,134
Houston Wire & Cable Company 549 8,026
Interline Brands, Inc. (I) 945 19,278
Kaman Corp., Class A 747 26,294
Lawson Products, Inc. 337 7,764
MSC Industrial Direct    
Company, Inc., Class A (L) 1,198 82,027
RSC Holdings, Inc. (I)(L) 2,750 39,545
Rush Enterprises, Inc., Class A (I) 202 4,000
TAL International Group, Inc. 812 29,451
Textainer Group Holdings, Ltd. 1,240 46,078
Titan Machinery, Inc. (I) 547 13,812
United Rentals, Inc. (I)(L) 1,640 54,579
Watsco, Inc. (L) 724 50,470
WESCO International, Inc. (I)(L) 1,087 67,938
WW Grainger, Inc. (L) 1,748 240,665
 
    1,120,417
Transportation Infrastructure - 0.01%    
Macquarie Infrastructure Company LLC (I)(L) 1,287 30,708
 
    45,671,382
Information Technology - 17.78%    
Communications Equipment - 1.88%    
Acme Packet, Inc. (I)(L) 1,524 108,143
ADTRAN, Inc. (L) 1,545 65,601
Anaren, Inc. (I) 495 9,950
Arris Group, Inc. (I) 3,254 41,456
Aruba Networks, Inc. (I) 2,349 79,490
Aviat Networks, Inc. (I) 1,841 9,518
Bel Fuse, Inc., Class B 152 3,346
BigBand Networks, Inc. (I) 1,816 4,631
Black Box Corp. 493 17,329

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Communications Equipment (continued)    
Blue Coat Systems, Inc. (I) 1,094 $ 30,807
Brocade Communications Systems, Inc. (I) 11,151 68,579
Calix, Inc. (I) 700 14,217
Ciena Corp. (I)(L) 2,449 63,576
Cisco Systems, Inc. 142,119 2,437,341
Communications Systems, Inc. 421 6,500
Comtech Telecommunications Corp. 730 19,841
DG Fastchannel, Inc. (I) 586 18,881
Dialogic, Inc. (I) 987 4,629
Digi International, Inc. (I) 840 8,870
EchoStar Corp., Class A (I) 2,323 87,926
Emcore Corp. (I) 4,436 11,445
EMS Technologies, Inc. (I) 461 9,061
Emulex Corp. (I) 2,134 22,770
Extreme Networks, Inc. (I) 2,882 10,087
F5 Networks, Inc. (I) 1,992 204,319
Finisar Corp. (I) 1,597 39,286
Globecomm Systems, Inc. (I) 724 8,927
Harmonic, Inc. (I) 2,683 25,167
Harris Corp. (L) 3,284 162,886
Infinera Corp. (I)(L) 2,615 21,940
InterDigital, Inc. (L) 1,123 53,578
Ixia (I)(L) 1,888 29,981
JDS Uniphase Corp. (I) 5,636 117,454
Juniper Networks, Inc. (I) 13,111 551,711
KVH Industries, Inc. (I) 660 9,979
Loral Space & Communications, Inc. (I) 535 41,489
Motorola Mobility Holdings, Inc. (I) 7,297 178,047
Motorola Solutions, Inc. (I) 8,339 372,670
MRV Communications, Inc. (I) 2,373 3,631
NETGEAR, Inc. (I) 905 29,358
Network Equipment Technologies, Inc. (I)(L) 1,065 4,015
Oclaro, Inc. (I) 285 3,280
Oplink Communications, Inc. (I) 711 13,857
OpNext, Inc. (I) 3,440 8,359
ORBCOMM, Inc. (I) 1,613 5,323
Parkervision, Inc. (I) 1,260 882
PC-Tel, Inc. (I) 759 5,822
Plantronics, Inc. 1,242 45,482
Polycom, Inc. (I) 2,126 110,233
Powerwave Technologies, Inc. (I) 4,442 20,033
QUALCOMM, Inc. 40,065 2,196,764
Riverbed Technology, Inc. (I) 3,564 134,185
Seachange International, Inc. (I)(L) 965 9,168
ShoreTel, Inc. (I) 1,372 11,292
Sonus Networks, Inc. (I) 7,810 29,366
Sycamore Networks, Inc. 808 19,739
Symmetricom, Inc. (I) 1,491 9,140
Tekelec, Inc. (I) 1,745 14,169
Tellabs, Inc. (L) 9,698 50,818
UTStarcom, Inc. (I)(L) 4,677 10,991
Viasat, Inc. (I)(L) 875 34,860
WorldGate Communications, Inc. (I) 9,545 548
 
    7,742,743
Computers & Peripherals - 3.35%    
ADPT Corp. (I) 3,575 10,511
Apple, Inc. (I) 22,753 7,928,283
Avid Technology, Inc. (I)(L) 1,119 24,954
Cray, Inc. (I) 1,133 7,308
Dell, Inc. (I) 48,684 706,405
Diebold, Inc. 1,637 58,048
Electronics for Imaging, Inc. (I) 1,291 18,991
EMC Corp. (I) 51,396 1,364,564
Hewlett-Packard Company 57,196 2,343,320

 

405

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Computers & Peripherals (continued)    
Hutchinson Technology, Inc. (I)(L) 2,139 $ 6,032
Hypercom Corp. (I) 2,205 26,526
Imation Corp. (I) 1,139 12,688
Immersion Corp. (I) 969 7,403
Intermec, Inc. (I) 1,649 17,793
Intevac, Inc. (I)(L) 761 9,459
Lexmark International, Inc., Class A (I)(L) 1,974 73,117
NCR Corp. (I) 4,087 76,999
NetApp, Inc. (I)(L) 8,518 410,397
Novatel Wireless, Inc. (I)(L) 922 5,034
Presstek, Inc. (I) 975 2,028
QLogic Corp. (I)(L) 2,872 53,276
Quantum Corp. (I) 5,993 15,102
Rimage Corp. 343 5,539
SanDisk Corp. (I)(L) 5,769 265,893
Seagate Technology PLC (I) 622 8,957
Silicon Graphics International Corp. (I) 1,010 21,614
STEC, Inc. (I)(L) 1,348 27,081
Stratasys, Inc. (I) 579 27,213
Super Micro Computer, Inc. (I) 1,005 16,120
Synaptics, Inc. (I) 886 23,940
Usa Technologies, Inc. (I) 89 221
Western Digital Corp. (I) 5,756 214,641
 
    13,789,457
Electronic Equipment, Instruments & Components - 0.83%  
Agilysys, Inc. (I) 745 4,276
Alanco Technologies, Inc. (I) 7,717 8,720
Amphenol Corp., Class A 4,349 236,542
Anixter International, Inc. (L) 857 59,896
Arrow Electronics, Inc. (I) 2,904 121,620
Avnet, Inc. (I) 3,814 130,019
AVX Corp. 4,216 62,861
Benchmark Electronics, Inc. (I) 1,614 30,618
Brightpoint, Inc. (I) 2,034 22,049
Checkpoint Systems, Inc. (I) 1,010 22,705
Cognex Corp. 1,074 30,341
Coherent, Inc. (I) 666 38,701
Comverge, Inc. (I) 665 3,099
Corning, Inc. 39,251 809,748
CTS Corp. (L) 1,164 12,571
Daktronics, Inc. (L) 1,228 13,201
DDi Corp. 999 10,559
Dolby Laboratories, Inc., Class A (I)(L) 2,847 140,101
DTS, Inc. (I) 499 23,268
Echelon Corp. (I)(L) 1,217 12,328
Electro Rent Corp. 723 12,421
Electro Scientific Industries, Inc. (I) 929 16,127
FARO Technologies, Inc. (I) 488 19,520
FLIR Systems, Inc. (L) 3,838 132,833
Gerber Scientific, Inc. (I)(L) 910 8,518
Ingram Micro, Inc., Class A (I) 4,018 84,499
Insight Enterprises, Inc. (I) 1,327 22,599
IPG Photonics Corp. (I)(L) 1,256 72,446
Itron, Inc. (I)(L) 1,014 57,230
Jabil Circuit, Inc. 5,529 112,957
KEMET Corp. (I) 514 7,623
L-1 Identity Solutions, Inc. (I) 2,454 28,908
Littelfuse, Inc. 585 33,404
Maxwell Technologies, Inc. (I) 713 12,314
Measurement Specialties, Inc. (I) 563 19,176
Mercury Computer Systems, Inc. (I) 689 14,579
Methode Electronics, Inc. 1,251 15,112
Microvision, Inc. (I) 2,370 3,128
Molex, Inc. (L) 4,349 109,247

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
MTS Systems Corp. 513 $ 23,367
Multi-Fineline Electronix, Inc. (I) 701 19,782
National Instruments Corp. (L) 2,857 93,624
Newport Corp. (I) 1,121 19,987
OSI Systems, Inc. (I) 502 18,840
Park Electrochemical Corp. 598 19,286
PC Connection, Inc. (I) 930 8,240
Plexus Corp. (I)(L) 1,027 36,007
Power-One, Inc. (I)(L) 2,478 21,683
Pulse Electronics Corp. (L) 1,242 7,514
RadiSys Corp. (I) 757 6,556
Rofin-Sinar Technologies, Inc. (I) 798 31,521
Rogers Corp. (I) 496 22,350
Sanmina-SCI Corp. (I) 2,069 23,193
Scansource, Inc. (I) 689 26,175
SMART Modular    
Technologies (WWH), Inc. (I) 2,012 15,633
Spectrum Control, Inc. (I) 494 9,722
Superconductor Technologies, Inc. (I) 1,989 5,947
SYNNEX Corp. (I)(L) 905 29,621
Tech Data Corp. (I) 1,247 63,422
Trimble Navigation, Ltd. (I)(L) 3,032 153,237
TTM Technologies, Inc. (I) 1,323 24,026
Universal Display Corp. (I) 1,031 56,746
Vishay Intertechnology, Inc. (I)(L) 4,827 85,631
Vishay Precision Group, Inc. (I) 344 5,390
X-Rite, Inc. (I) 3,072 14,592
Zygo Corp. (I) 749 10,950
 
    3,428,906
Internet Software & Services - 1.93%    
Akamai Technologies, Inc. (I) 4,359 165,642
Ancestry.com, Inc. (I)(L) 619 21,944
AOL, Inc. (I)(L) 2,701 52,751
comScore, Inc. (I) 810 23,903
Constant Contact, Inc. (I) 800 27,920
DealerTrack Holdings, Inc. (I) 1,129 25,922
Dice Holdings, Inc. (I)(L) 1,793 27,092
Digital River, Inc. (I)(L) 1,018 38,104
Earthlink, Inc. 2,844 22,269
eBay, Inc. (I) 32,702 1,015,070
Equinix, Inc. (I)(L) 997 90,827
Google, Inc., Class A (I) 7,941 4,655,094
GSI Commerce, Inc. (I) 1,464 42,851
IAC/InterActiveCorp (I) 2,783 85,967
InfoSpace, Inc. (I) 1,055 9,136
Internap Network Services Corp. (I) 1,633 10,729
Intralinks Holdings, Inc. (I) 1,019 27,248
iPass, Inc. (I) 3,560 5,554
j2 Global Communications, Inc. (I)(L) 1,133 33,435
Keynote Systems, Inc. 538 9,980
Lenco Mobile, Inc. (I) 2,661 5,322
Limelight Networks, Inc. (I) 2,367 16,948
Liquidity Services, Inc. (I) 856 15,288
LivePerson, Inc. (I) 1,655 20,919
LogMeIn, Inc. (I) 619 26,097
LoopNet, Inc. (I) 1,043 14,758
Marchex, Inc., Class B 1,314 10,341
ModusLink Global Solutions, Inc. 1,434 7,830
Monster Worldwide, Inc. (I)(L) 3,219 51,182
Move, Inc. (I) 4,559 10,896
NaviSite, Inc. (I) 1,217 6,681
NIC, Inc. 1,839 22,914
OpenTable, Inc. (I) 616 65,512

 

406

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet Software & Services (continued)    
Openwave Systems, Inc. (I) 3,126 $ 6,690
Perficient, Inc. (I) 924 11,097
Quinstreet, Inc. (I) 663 15,070
Rackspace Hosting, Inc. (I) 3,199 137,077
RealNetworks, Inc. (I) 3,896 14,493
RightNow Technologies, Inc. (I)(L) 942 29,485
Saba Software, Inc. (I) 1,179 11,566
SAVVIS, Inc. (I) 1,460 54,151
Stamps.com, Inc. 581 7,756
Support.com, Inc. (I) 1,821 9,451
TechTarget, Inc. (I) 1,366 12,171
Terremark Worldwide, Inc. (I) 1,771 33,649
The Knot, Inc. (I) 932 11,231
Travelzoo, Inc. (I)(L) 440 29,300
United Online, Inc. (L) 2,301 14,508
ValueClick, Inc. (I)(L) 2,279 32,954
VeriSign, Inc. 4,599 166,530
Vocus, Inc. (I) 554 14,326
Web.com Group, Inc. (I) 914 13,335
WebMD Health Corp. (I) 1,317 70,354
Yahoo!, Inc. (I) 33,973 565,650
Zix Corp. (I) 2,922 10,753
 
    7,937,723
IT Services - 2.92%    
Acxiom Corp. (I) 2,045 29,346
Alliance Data Systems Corp. (I)(L) 1,329 114,148
Automatic Data Processing, Inc. 12,132 622,493
Broadridge Financial Solutions, Inc. 3,378 76,647
CACI International, Inc., Class A (I)(L) 738 45,254
Cardtronics, Inc. (I) 1,198 24,379
Cass Information Systems, Inc. 265 10,412
CIBER, Inc. (I) 2,107 14,117
Cognizant Technology    
Solutions Corp., Class A (I) 7,495 610,093
Computer Sciences Corp. (L) 3,820 186,149
Computer Task Group, Inc. (I) 836 11,110
Convergys Corp. (I) 3,222 46,268
CoreLogic, Inc. (I) 2,633 48,711
CSG Systems International, Inc. (I) 971 19,362
DST Systems, Inc. 1,213 64,071
Dynamics Research Corp. (I) 455 7,439
eLoyalty Corp. (I) 575 4,180
Euronet Worldwide, Inc. (I) 1,367 26,424
ExlService Holdings, Inc. (I) 874 18,485
Fidelity National Information Services, Inc. 7,727 252,596
Fiserv, Inc. (I) 3,720 233,318
Forrester Research, Inc. 603 23,089
Gartner, Inc. (I)(L) 2,414 100,591
Genpact, Ltd. (I) 5,501 79,654
Global Cash Access Holdings, Inc. (I) 2,039 6,668
Global Payments, Inc. 2,036 99,601
Heartland Payment Systems, Inc. 1,043 18,284
iGate Corp. (L) 1,543 28,962
Information Services Group, Inc. (I) 1,370 3,000
Innodata Isogen, Inc. (I) 846 2,047
Integral Systems, Inc. (I) 588 7,156
International Business Machines Corp. 30,734 5,011,793
Jack Henry & Associates, Inc. (L) 2,031 68,831
Lender Processing Services, Inc. 2,375 76,451
Lionbridge Technologies, Inc. (I) 2,007 6,884
ManTech International Corp., Class A (I)(L) 536 22,726
MasterCard, Inc., Class A 3,258 820,104
MAXIMUS, Inc. 430 34,903
MoneyGram International, Inc. (I) 2,451 8,407

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
IT Services (continued)    
NCI, Inc. (I) 381 $ 9,285
NeuStar, Inc., Class A (I) 1,858 47,528
Online Resources Corp. (I) 853 3,224
Paychex, Inc. 8,993 282,020
PRGX Global, Inc. (I) 841 5,105
SAIC, Inc. (I)(L) 9,493 160,622
Sapient Corp. (I) 3,595 41,163
SRA International, Inc., Class A (I) 1,449 41,094
StarTek, Inc. (I) 575 2,898
Syntel, Inc. (L) 1,056 55,155
TeleTech Holdings, Inc. (I) 1,630 31,589
Teradata Corp. (I) 4,243 215,120
The Hackett Group, Inc. (I) 1,412 5,422
The Western Union Company 17,202 357,286
Tier Technologies, Inc., Class B (I) 780 4,290
TNS, Inc. (I) 699 10,883
Total Systems Services, Inc. (L) 4,895 88,208
Unisys Corp. (I) 1,057 33,000
VeriFone Systems, Inc. (I)(L) 2,175 119,516
Virtusa Corp. (I) 767 14,366
Visa, Inc., Class A 21,108 1,553,971
Wright Express Corp. (I) 1,001 51,892
 
    12,017,790
Office Electronics - 0.10%    
Xerox Corp. 33,248 354,091
Zebra Technologies Corp., Class A (I) 1,395 54,740
 
    408,831
Semiconductors & Semiconductor Equipment - 2.64%  
Advanced Analogic Technologies, Inc. (I) 1,477 5,583
Advanced Energy Industries, Inc. (I)(L) 1,204 19,685
Advanced Micro Devices, Inc. (I)(L) 17,003 146,226
Altera Corp. 7,440 327,509
Amkor Technology, Inc. (I)(L) 4,786 32,258
Anadigics, Inc. (I) 1,989 8,911
Analog Devices, Inc. 7,416 292,042
Applied Materials, Inc. 33,744 527,081
Applied Micro Circuits Corp. (I) 1,899 19,712
Atheros Communications, Inc. (I) 1,661 74,164
Atmel Corp. (I) 11,504 156,800
ATMI, Inc. (I) 901 17,011
Axcelis Technologies, Inc. (I) 1,571 4,163
Broadcom Corp., Class A (I) 12,341 485,989
Brooks Automation, Inc. (I) 1,846 25,346
Cabot Microelectronics Corp. (I) 595 31,089
Cavium Networks, Inc. (I)(L) 1,155 51,894
CEVA, Inc. (I) 691 18,470
Cirrus Logic, Inc. (I)(L) 1,779 37,412
Cohu, Inc. 781 11,996
Conexant Systems, Inc. (I) 1,652 3,932
Cree, Inc. (I)(L) 2,435 112,400
Cymer, Inc. (I) 764 43,227
Cypress Semiconductor Corp. (I) 4,205 81,493
Diodes, Inc. (I)(L) 1,172 39,918
DSP Group, Inc. (I) 1,003 7,723
Energy Conversion Devices, Inc. (I)(L) 1,280 2,893
Entegris, Inc. (I) 3,688 32,344
Entropic Communications, Inc. (I) 2,182 18,438
Evergreen Solar, Inc. (I)(L) 1,012 1,366
Exar Corp. (I) 1,351 8,133
Fairchild Semiconductor International, Inc. (I) 3,313 60,297
FEI Company (I) 1,020 34,394
First Solar, Inc. (I)(L) 2,161 347,575
FormFactor, Inc. (I)(L) 1,333 13,730

 

407

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Gigoptix, Inc. (I) 3,313 $ 8,647
GSI Technology, Inc. (I) 1,059 9,626
GT Solar International, Inc. (I)(L) 3,958 42,192
Hittite Microwave Corp. (I) 781 49,804
Integrated Device Technology, Inc. (I) 4,621 34,057
Integrated Silicon Solution, Inc. (I) 840 7,787
Intel Corp. 138,952 2,802,662
International Rectifier Corp. (I) 1,823 60,268
Intersil Corp., Class A (L) 3,170 39,467
IXYS Corp. (I) 925 12,423
KLA-Tencor Corp. (L) 4,320 204,638
Kopin Corp. (I) 2,081 9,552
Kulicke & Soffa Industries, Inc. (I)(L) 1,889 17,662
Lam Research Corp. (I) 3,189 180,689
Lattice Semiconductor Corp. (I) 3,382 19,954
Linear Technology Corp. 5,517 185,537
LSI Corp. (I) 16,810 114,308
LTX-Credence Corp. (I) 1,553 14,179
Marvell Technology Group, Ltd. (I) 15,693 244,026
Mattson Technology, Inc. (I)(L) 1,852 4,519
Maxim Integrated Products, Inc. 7,555 193,408
Maxlinear, Inc., Class A (I) 471 3,848
MEMC Electronic Materials, Inc. (I) 5,776 74,857
Micrel, Inc. 1,685 22,714
Microchip Technology, Inc. (L) 4,520 171,805
Micron Technology, Inc. (I) 22,390 256,589
Microsemi Corp. (I) 2,079 43,056
Mindspeed Technologies, Inc. (I) 448 3,790
MIPS Technologies, Inc. (I)(L) 1,405 14,738
MKS Instruments, Inc. 1,322 44,023
Monolithic Power Systems, Inc. (I) 933 13,239
Nanometrics, Inc. (I) 693 12,536
National Semiconductor Corp. 5,960 85,466
Netlogic Microsystems, Inc. (I)(L) 1,186 49,836
Novellus Systems, Inc. (I) 2,351 87,293
NVE Corp. (I) 141 7,944
NVIDIA Corp. (I) 14,041 259,197
OmniVision Technologies, Inc. (I) 1,412 50,168
ON Semiconductor Corp. (I) 10,890 107,484
Pericom Semiconductor Corp. (I) 831 8,617
Photronics, Inc. (I) 1,673 15,007
PLX Technology, Inc. (I) 1,191 4,347
PMC-Sierra, Inc. (I) 5,965 44,738
Power Integrations, Inc. (L) 717 27,483
QuickLogic Corp. (I) 654 3,205
Rambus, Inc. (I) 2,840 56,232
RF Micro Devices, Inc. (I) 7,195 46,120
Rubicon Technology, Inc. (I) 613 16,968
Rudolph Technologies, Inc. (I) 1,148 12,559
Semtech Corp. (I)(L) 1,537 38,456
Sigma Designs, Inc. (I) 749 9,700
Silicon Image, Inc. (I) 2,326 20,864
Silicon Laboratories, Inc. (I) 1,089 47,056
Skyworks Solutions, Inc. (I)(L) 4,438 143,880
Standard Microsystems Corp. (I) 628 15,486
SunPower Corp., Class A (I)(L) 1,861 31,898
Supertex, Inc. (I) 344 7,664
Teradyne, Inc. (I)(L) 4,537 80,804
Tessera Technologies, Inc. (I) 1,354 24,724
Texas Instruments, Inc. 30,097 1,040,152
Trident Microsystems, Inc. (I) 2,344 2,696
TriQuint Semiconductor, Inc. (I)(L) 4,121 53,202
Ultra Clean Holdings, Inc. (I) 864 8,934
Ultratech, Inc. (I) 666 19,580

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Varian Semiconductor    
Equipment Associates, Inc. (I)(L) 1,859 $ 90,478
Veeco Instruments, Inc. (I) 883 44,892
Volterra Semiconductor Corp. (I)(L) 760 18,871
Xilinx, Inc. (L) 6,876 225,533
Zoran Corp. (I) 1,439 14,951
 
    10,840,289
Software - 4.13%    
Accelrys, Inc. (I) 1,945 15,560
ACI Worldwide, Inc. (I) 975 31,980
Activision Blizzard, Inc. (L) 31,611 346,773
Actuate Corp. (I) 1,414 7,353
Adobe Systems, Inc. (I) 13,194 437,513
Advent Software, Inc. (I) 1,344 38,532
American Software, Inc., Class A 872 6,435
ANSYS, Inc. (I)(L) 2,245 121,657
Ariba, Inc. (I)(L) 2,434 83,097
Aspen Technology, Inc. (I) 1,456 21,825
Autodesk, Inc. (I) 5,808 256,191
Blackbaud, Inc. 1,182 32,198
Blackboard, Inc. (I) 852 30,876
BMC Software, Inc. (I) 4,521 224,875
Bottomline Technologies, Inc. (I) 774 19,458
CA, Inc. 12,989 314,074
Cadence Design Systems, Inc. (I) 7,011 68,357
Callidus Software, Inc. (I) 1,128 7,749
Citrix Systems, Inc. (I) 4,592 337,328
CommVault Systems, Inc. (I)(L) 1,153 45,982
Compuware Corp. (I) 5,715 66,008
Concur Technologies, Inc. (I)(L) 1,264 70,089
Deltek, Inc. (I) 1,824 13,862
DemandTec, Inc. (I) 790 10,396
Digimarc Corp. (I) 336 9,710
Ebix, Inc. (I) 840 19,866
Electronic Arts, Inc. (I)(L) 8,299 162,079
Epicor Software Corp. (I) 1,781 19,716
EPIQ Systems, Inc. (L) 981 14,087
ePlus, Inc. (I) 333 8,861
FactSet Research Systems, Inc. (L) 1,165 122,010
Fair Isaac Corp. 1,221 38,596
FalconStor Software, Inc. (I) 1,665 7,576
Fortinet, Inc. (I) 1,141 50,204
GSE Systems, Inc. (I) 655 1,480
Guidance Software, Inc. (I) 970 8,129
Informatica Corp. (I) 2,293 119,763
Interactive Intelligence, Inc. (I) 531 20,555
Intuit, Inc. (I) 7,809 414,658
JDA Software Group, Inc. (I) 1,064 32,197
Kenexa Corp. (I) 756 20,858
Lawson Software, Inc. (I) 4,306 52,103
Magma Design Automation, Inc. (I) 776 5,292
Manhattan Associates, Inc. (I) 630 20,614
Mentor Graphics Corp. (I) 2,654 38,828
MICROS Systems, Inc. (I) 1,981 97,921
Microsoft Corp. 215,314 5,460,363
MicroStrategy, Inc., Class A (I) 319 42,899
Monotype Imaging Holdings, Inc. (I) 1,150 16,675
Motricity, Inc. (I) 780 11,723
Netscout Systems, Inc. (I) 1,140 31,145
NetSuite, Inc. (I) 1,736 50,483
Novell, Inc. (I) 8,934 52,979
Nuance Communications, Inc. (I)(L) 7,133 139,521
Opnet Technologies, Inc. 643 25,071
Oracle Corp. 125,358 4,183,196

 

408

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Parametric Technology Corp. (I) 2,944 $ 66,211
Pegasystems, Inc. 963 36,536
Progress Software Corp. (I)(L) 1,513 44,013
PROS Holdings, Inc. (I) 914 13,317
Qad, Inc., Class A (I) 558 6,010
Qad, Inc., Class B (I) 139 1,432
QLIK Technologies, Inc. (I) 1,672 43,472
Quest Software, Inc. (I) 2,237 56,797
Radiant Systems, Inc. (I) 1,026 18,160
RealD, Inc. (I) 524 14,337
RealPage, Inc. (I) 771 21,380
Red Hat, Inc. (I) 4,759 216,011
Renaissance Learning, Inc. 873 10,258
Rosetta Stone, Inc. (I) 575 7,596
Rovi Corp. (I) 2,798 150,113
S1 Corp. (I) 1,603 10,708
Salesforce.com, Inc. (I) 3,158 421,846
Smith Micro Software, Inc. (I) 909 8,508
SolarWinds, Inc. (I) 1,781 41,782
Solera Holdings, Inc. 1,757 89,783
Sourcefire, Inc. (I)(L) 755 20,770
SRS Labs, Inc. (I) 585 4,996
SS&C Technologies Holdings, Inc. (I) 882 18,010
SuccessFactors, Inc. (I)(L) 1,586 61,997
Symantec Corp. (I) 20,312 376,584
Synchronoss Technologies, Inc. (I) 882 30,650
Synopsys, Inc. (I) 3,550 98,158
Take-Two Interactive Software, Inc. (I)(L) 2,201 33,829
Taleo Corp. (I)(L) 866 30,873
TeleCommunication Systems, Inc. (I) 1,195 4,923
THQ, Inc. (I)(L) 2,106 9,603
TIBCO Software, Inc. (I)(L) 4,227 115,186
TiVo, Inc. (I)(L) 2,915 25,535
Tyler Technologies, Inc. (I)(L) 981 23,260
Ultimate Software Group, Inc. (I)(L) 692 40,655
VASCO Data Security International, Inc. (I) 1,108 15,213
Verint Systems, Inc. (I) 586 21,002
Virnetx Holding Corp. (L) 1,385 27,575
VMware, Inc., Class A (I) 10,012 816,378
Wave Systems Corp. Class A (I) 1,185 3,709
Websense, Inc. (I) 1,137 26,117
 
    16,990,619
    73,156,358
Materials - 4.43%    
Chemicals - 2.41%    
A. Schulman, Inc. 713 17,625
Air Products & Chemicals, Inc. 5,323 480,028
Airgas, Inc. 2,155 143,135
Albemarle Corp. 2,285 136,574
American Vanguard Corp. (L) 747 6,484
Ampal American Israel Corp. (I) 1,959 3,487
Arch Chemicals, Inc. 660 27,449
Ashland, Inc. 1,966 113,556
Balchem Corp. (L) 750 28,140
Cabot Corp. 1,675 77,536
Calgon Carbon Corp. (I) 1,497 23,772
Celanese Corp., Series A 3,681 163,326
CF Industries Holdings, Inc. 1,575 215,444
Chase Corp. 374 6,904
Chemtura Corp. (I) 76 1,307
Cytec Industries, Inc. 1,241 67,473
E.I. du Pont de Nemours & Company 22,664 1,245,840
Eastman Chemical Company 1,822 180,961

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chemicals (continued)    
Ecolab, Inc. 5,792 $ 295,508
Ferro Corp. (I) 1,672 27,738
Flotek Industries, Inc. (I)(L) 318 2,674
FMC Corp. 1,806 153,384
Georgia Gulf Corp. (I) 600 22,200
H.B. Fuller Company 1,262 27,108
Hawkins, Inc. 354 14,542
Huntsman Corp. 6,119 106,348
Innophos Holdings, Inc. 581 26,790
International Flavors & Fragrances, Inc. 1,949 121,423
Intrepid Potash, Inc. (I) 1,949 67,864
KMG Chemicals, Inc. 429 8,434
Koppers Holdings, Inc. 586 25,022
Kraton Performance Polymers, Inc. (I) 315 12,049
Kronos Worldwide, Inc. 1,380 80,661
Landec Corp. (I) 808 5,252
LSB Industries, Inc. (I) 629 24,934
Lubrizol Corp. 1,716 229,875
Minerals Technologies, Inc. 490 33,575
Monsanto Company 13,507 976,016
Nalco Holding Company 3,472 94,820
NewMarket Corp. (L) 395 62,497
NL Industries, Inc. 1,366 20,285
Olin Corp. (L) 2,056 47,124
OM Group, Inc. (I)(L) 815 29,780
Omnova Solutions, Inc. (I) 1,287 10,129
PolyOne Corp. 2,499 35,511
PPG Industries, Inc. 4,152 395,312
Praxair, Inc. 7,572 769,315
Quaker Chemical Corp. 385 15,465
Rockwood Holdings, Inc. (I) 1,938 95,388
RPM International, Inc. (L) 3,269 77,573
Senomyx, Inc. (I) 1,183 7,145
Sensient Technologies Corp. (L) 1,315 47,130
Sigma-Aldrich Corp. (L) 3,018 192,066
Solutia, Inc. (I) 3,186 80,924
Spartech Corp. (I) 1,032 7,482
Stepan Company 276 20,010
STR Holdings, Inc. (I) 710 13,618
Terra Nitrogen Company LP 474 55,411
The Dow Chemical Company 29,007 1,095,014
The Mosaic Company 11,129 876,409
The Scotts Miracle-Gro Company, Class A (L) 1,630 94,296
The Sherwin-Williams Company 2,734 229,629
Valhi, Inc. (L) 2,940 77,851
Valspar Corp. 2,441 95,443
W.R. Grace & Company (I) 1,870 71,602
Westlake Chemical Corp. (L) 1,685 94,697
Zep, Inc. 592 10,307
Zoltek Companies, Inc. (I) 1,063 14,276
 
    9,936,947
Construction Materials - 0.08%    
Eagle Materials, Inc. 1,156 34,981
Headwaters, Inc. (I) 1,293 7,629
Martin Marietta Materials, Inc. 1,124 100,789
Texas Industries, Inc. 754 34,103
United States Lime & Minerals, Inc. (I) 188 7,616
Vulcan Materials Company (L) 3,173 144,689
 
    329,807
Containers & Packaging - 0.31%    
AEP Industries, Inc. (I) 191 5,677
AptarGroup, Inc. 1,671 83,767
Ball Corp. 4,650 166,703

 

409

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Containers & Packaging (continued)    
Bemis Company, Inc. 2,596 $ 85,175
Boise, Inc. 2,305 21,114
Crown Holdings, Inc. (I) 4,042 155,940
Graham Packaging Company, Inc. (I) 923 16,088
Graphic Packaging Holding Company (I) 9,089 49,262
Greif, Inc., Class A 1,185 77,511
Myers Industries, Inc. 1,042 10,347
Owens-Illinois, Inc. (I) 4,293 129,606
Packaging Corp. of America 2,541 73,409
Rock-Tenn Company, Class A 962 66,715
Sealed Air Corp. 3,955 105,440
Silgan Holdings, Inc. 1,857 70,826
Sonoco Products Company 2,400 86,952
Temple-Inland, Inc. 2,763 64,654
 
    1,269,186
Metals & Mining - 1.44%    
A. M. Castle & Company (I) 676 12,763
AK Steel Holding Corp. (L) 2,909 45,904
Alcoa, Inc. 25,845 456,164
Allegheny Technologies, Inc. (L) 2,500 169,300
Allied Nevada Gold Corp. (I)(L) 2,191 77,737
AMCOL International Corp. 862 31,015
Carpenter Technology Corp. 1,166 49,800
Century Aluminum Company (I)(L) 2,188 40,872
Cliffs Natural Resources, Inc. 3,428 336,904
Coeur d’Alene Mines Corp. (I)(L) 2,046 71,160
Commercial Metals Company 3,054 52,743
Compass Minerals International, Inc. 809 75,666
Contango ORE, Inc. (I) 43 795
Freeport-McMoRan Copper & Gold, Inc. 22,968 1,275,872
General Moly, Inc. (I)(L) 2,580 13,880
General Steel Holdings, Inc. (I) 1,870 4,488
Globe Specialty Metals, Inc. 2,036 46,339
Handy & Harman, Ltd. (I) 931 11,191
Haynes International, Inc. (L) 347 19,241
Hecla Mining Company (I) 6,341 57,576
Horsehead Holding Corp. (I) 991 16,897
Kaiser Aluminum Corp. (L) 550 27,088
Materion Corp. (I) 572 23,338
Molycorp, Inc. (I) 1,885 113,138
Newmont Mining Corp. 12,165 663,966
Noranda Aluminum Holding Corp. (I) 719 11,540
Nucor Corp. 7,968 366,687
Olympic Steel, Inc. (L) 327 10,729
Paramount Gold and Silver Corp. (I)(L) 6,177 23,967
Reliance Steel & Aluminum Company 1,903 109,955
Royal Gold, Inc. (L) 1,051 55,072
RTI International Metals, Inc. (I)(L) 665 20,715
Schnitzer Steel Industries, Inc. 601 39,071
Solitario Exploration & Royalty Corp. (I) 2,101 7,543
Southern Copper Corp. 21,471 864,637
Steel Dynamics, Inc. 5,584 104,812
Stillwater Mining Company (I)(L) 2,570 58,930
Timberline Resources Corp. (I) 2,793 2,695
Titanium Metals Corp. (I)(L) 4,606 85,579
United States Steel Corp. (L) 3,637 196,180
Universal Stainless & Alloy Products, Inc. (I) 261 8,804
US Gold Corp. (I) 3,164 27,938
Vista Gold Corp. (I) 2,860 11,440
Walter Energy, Inc. 1,360 184,185
Worthington Industries, Inc. (L) 2,121 44,371
 
    5,928,687

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Paper & Forest Products - 0.19%    
Buckeye Technologies, Inc. 1,094 $ 29,790
Clearwater Paper Corp. (I) 305 24,827
Deltic Timber Corp. 345 23,060
Domtar Corp. 1,079 99,031
International Paper Company 11,011 332,312
KapStone Paper and Packaging Corp. (I) 943 16,191
Louisiana-Pacific Corp. (I)(L) 3,038 31,899
MeadWestvaco Corp. 4,299 130,389
Neenah Paper, Inc. 542 11,908
P.H. Glatfelter Company 1,342 17,875
Pope Resources LP 223 10,425
Schweitzer-Mauduit International, Inc. 401 20,295
Verso Paper Corp. (I) 1,712 9,159
Wausau Paper Corp. 1,421 10,856
 
    768,017
    18,232,644
Telecommunication Services - 2.58%    
Diversified Telecommunication Services - 2.09%    
AboveNet, Inc. 287 18,615
Alaska Communications    
Systems Group, Inc. (L) 1,383 14,729
AT&T, Inc. 147,283 4,506,860
Atlantic Tele-Network, Inc. 401 14,913
Cbeyond, Inc. (I)(L) 797 9,301
CenturyLink, Inc. 7,429 308,675
Cincinnati Bell, Inc. (I)(L) 5,682 15,228
Cogent Communications Group, Inc. (I) 1,291 18,423
Consolidated Communications Holdings, Inc. 923 17,288
Frontier Communications Corp. (L) 24,943 205,031
General Communication, Inc., Class A (I) 1,535 16,793
Global Crossing, Ltd. (I) 1,611 22,425
Globalstar, Inc. (I) 6,027 7,654
HickoryTech Corp. 781 7,099
Hughes Communications, Inc. (I) 592 35,325
IDT Corp., Class B (L) 427 11,508
Level 3 Communications, Inc. (I)(L) 43,051 63,285
Neutral Tandem, Inc. (I)(L) 876 12,921
PAETEC Holding Corp. (I) 4,275 14,279
Premiere Global Services, Inc. (I) 1,746 13,305
Qwest Communications International, Inc. 43,678 298,321
SureWest Communications (I) 455 6,543
TW Telecom, Inc. (I)(L) 3,821 73,363
Verizon Communications, Inc. 70,587 2,720,423
Vonage Holdings Corp. (I) 4,921 22,440
Windstream Corp. (L) 12,176 156,705
 
    8,611,452
Wireless Telecommunication Services - 0.49%    
American Tower Corp., Class A (I) 10,048 520,687
Clearwire Corp. (I)(L) 23,805 133,070
Crown Castle International Corp. (I) 7,361 313,211
FiberTower Corp. (I) 743 1,493
ICO Global    
Communications Holdings, Ltd. (I) 6,141 16,396
Leap Wireless International, Inc. (I) 2,045 31,677
MetroPCS Communications, Inc. (I)(L) 8,966 145,608
NII Holdings, Inc. (I) 4,192 174,681
NTELOS Holdings Corp. 1,111 20,454
SBA Communications Corp., Class A (I) 2,961 117,492
Shenandoah Telecommunications Company 648 11,703
Sprint Nextel Corp. (I) 72,474 336,279
Telephone & Data Systems, Inc. (L) 2,571 86,643
United States Cellular Corp. (I) 2,034 104,731

 

410

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Wireless Telecommunication Services (continued)    
USA Mobility, Inc. 731 $ 10,592
    2,024,717
    10,636,169
Utilities - 3.08%    
Electric Utilities - 1.43%    
Allete, Inc. 938 36,554
American Electric Power Company, Inc. 11,999 421,645
Brookfield Infrastructure Partners LP 358 7,955
Central Vermont Public Service Corp. 381 8,873
Cleco Corp. 1,592 54,590
DPL, Inc. (L) 2,890 79,215
Duke Energy Corp. (L) 33,004 599,023
Edison International 8,147 298,099
El Paso Electric Company (I) 1,229 37,362
Entergy Corp. 4,737 318,374
Exelon Corp. 16,621 685,450
FirstEnergy Corp. 10,566 391,893
Great Plains Energy, Inc. 3,406 68,188
Hawaiian Electric Industries, Inc. (L) 2,404 59,619
IDACORP, Inc. (L) 1,180 44,958
ITC Holdings Corp. 1,258 87,934
MGE Energy, Inc. 651 26,359
Nextera Energy, Inc. 10,416 574,130
Northeast Utilities 4,380 151,548
NV Energy, Inc. 5,965 88,819
Otter Tail Corp. 1,004 22,821
Pepco Holdings, Inc. 5,717 106,622
Pinnacle West Capital Corp. 2,567 109,842
PNM Resources, Inc. (L) 2,448 36,524
Portland General Electric Company 1,949 46,328
PPL Corp. 10,185 257,681
Progress Energy, Inc. 7,090 327,133
Southern Company 20,630 786,209
The Empire District Electric Company (L) 1,053 22,945
UIL Holding Corp. (L) 862 26,308
Unisource Energy Corp. 964 34,829
Unitil Corp. 386 9,094
Westar Energy, Inc. (L) 2,748 72,602
 
    5,899,526
Gas Utilities - 0.31%    
AGL Resources, Inc. 1,766 70,357
AmeriGas Partners LP 1,324 63,631
Atmos Energy Corp. (L) 2,193 74,781
Chesapeake Utilities Corp. 243 10,114
Delta Natural Gas Company, Inc. 276 8,702
Energen Corp. (L) 1,690 106,673
Ferrellgas Partners LP 1,713 44,538
National Fuel Gas Company 1,994 147,556
New Jersey Resources Corp. 962 41,318
Nicor, Inc. 1,098 58,963
Northwest Natural Gas Company (L) 616 28,416
ONEOK, Inc. 2,662 178,035
Piedmont Natural Gas Company, Inc. (L) 1,718 52,141
Questar Corp. 4,391 76,623
RGC Resources, Inc. 212 7,272
South Jersey Industries, Inc. 711 39,795
Southwest Gas Corp. 1,149 44,777
Star Gas Partners LP 3,423 19,477
Suburban Propane Partners LP 808 45,595
The Laclede Group, Inc. 589 22,441
UGI Corp. 2,612 85,935

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Gas Utilities (continued)    
WGL Holdings, Inc. (L) 1,172 $ 45,708
 
    1,272,848
Independent Power Producers & Energy Traders - 0.21%  
Calpine Corp. (I) 11,348 180,093
Constellation Energy Group, Inc. 5,120 159,386
Dynegy, Inc. (I) 4,008 22,806
GenOn Energy, Inc. (I) 20,528 78,212
NRG Energy, Inc. (I) 6,679 143,866
Ormat Technologies, Inc. (L) 1,210 30,649
Raser Technologies, Inc. (I) 5,380 775
The AES Corp. (I) 18,063 234,819
 
    850,606
Multi-Utilities - 1.06%    
Alliant Energy Corp. 2,725 106,084
Ameren Corp. 5,905 165,753
Avista Corp. 1,490 34,464
Black Hills Corp. (L) 1,042 34,844
CenterPoint Energy, Inc. 9,796 172,018
CH Energy Group, Inc. 433 21,884
CMS Energy Corp. (L) 5,864 115,169
Consolidated Edison, Inc. (L) 7,014 355,750
Dominion Resources, Inc. (L) 15,074 673,808
DTE Energy Company (L) 4,119 201,666
Integrys Energy Group, Inc. 1,952 98,596
MDU Resources Group, Inc. 4,716 108,327
NiSource, Inc. (L) 6,997 134,202
NorthWestern Corp. 955 28,937
NSTAR 2,554 118,174
OGE Energy Corp. 2,377 120,181
PG&E Corp. 9,281 410,035
Public Service Enterprise Group, Inc. 12,727 401,028
SCANA Corp. (L) 3,011 118,543
Sempra Energy 6,157 329,400
TECO Energy, Inc. 5,442 102,092
Vectren Corp. (L) 1,933 52,578
Wisconsin Energy Corp. 5,614 171,227
Xcel Energy, Inc. 11,432 273,110
 
    4,347,870
Water Utilities - 0.07%    
American States Water Company 490 17,571
American Water Works Company, Inc. 4,360 122,298
Aqua America, Inc. (L) 3,251 74,415
Artesian Resources Corp. 556 10,836
Cadiz, Inc. (I) 559 6,814
California Water Service Group (L) 549 20,406
Connecticut Water Service, Inc. (L) 371 9,776
Middlesex Water Company 568 10,332
Pennichuck Corp. 272 7,749
SJW Corp. 528 12,223
York Water Company 551 9,593
 
    302,013
    12,672,863
TOTAL COMMON STOCKS (Cost $331,082,067) $ 407,522,937
 
RIGHTS - 0.00%    
Celgene Corp. (Expiration Date: 12/31/2030,    
Strike Price: $58.00) (I) 1,041 2,603
Fresenius Kabi Pharmaceuticals Holding, Inc.    
(Expiration Date: 06/30/2011) (I) 4,291 0
TOTAL RIGHTS (Cost $9,808) $ 2,603

 

411

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
WARRANTS - 0.00%      
Krispy Kreme Doughnuts, Inc. (Expiration      
Date: 3/2/2012; Strike Price: $12.21) (I)   50 9
TOTAL WARRANTS (Cost $0)   $ 9
 
CORPORATE BONDS - 0.00%      
Financials - 0.00%      
GAMCO Investors, Inc.      
Zero Coupon 12/31/2015 $ 2,500 $ 1,637
TOTAL CORPORATE BONDS (Cost $1,942) $ 1,637
 
SECURITIES LENDING COLLATERAL - 11.37%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   4,678,130 46,813,576
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $46,815,290)   $ 46,813,576
 
SHORT-TERM INVESTMENTS - 0.73%    
Repurchase Agreement - 0.73%      
Repurchase Agreement with State Street Corp.    
dated 03/31/2011 at 0.010% to be      
repurchased at $2,995,001 on 04/01/2011,    
collateralized by $3,055,000 U.S. Treasury    
Bonds, 4.375% due 11/15/2039 (valued at    
$3,055,495 including interest) $ 2,995,000 $ 2,995,000
TOTAL SHORT-TERM INVESTMENTS (Cost $2,995,000) $ 2,995,000
Total Investments (Total Stock Market Index Trust)    
(Cost $380,904,107) - 111.12%   $ 457,335,762
Other assets and liabilities, net - (11.12%)   (45,778,522)
TOTAL NET ASSETS - 100.00%   $ 411,557,240
 
 
 
Ultra Short Term Bond Trust    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 39.79%      
U.S. GOVERNMENT AGENCY - 39.79%    
Federal Home Loan Mortgage Corp.      
1.100%, 01/22/2013 $ 500,000 $ 500,885
1.250%, 09/30/2013   800,000 797,898
1.625%, 06/28/2013   225,000 225,640
2.000%, 04/27/2012   1,545,000 1,547,173
2.025%, 12/01/2035 (P)   414,204 426,763
2.591%, 11/01/2036 (P)   880,292 921,612
2.606%, 05/01/2034 (P)   1,037,423 1,088,675
2.710%, 08/01/2035 (P)   988,205 1,039,015
2.750%, 04/29/2014   750,000 751,323
2.772%, 06/01/2035 (P)   935,740 989,820
5.889%, 06/01/2036 (P)   538,418 557,042
6.692%, 12/01/2036 (P)   206,388 217,737
Federal National Mortgage Association      
1.125%, 09/17/2013   700,000 699,078
1.750%, 12/30/2013   2,000,000 2,005,471
1.875%, 05/06/2013   2,000,000 2,002,807
2.000%, 06/24/2013   4,000,000 4,014,426
2.039%, 02/01/2035 (P)   991,814 1,037,461
2.050%, 04/26/2013   1,000,000 1,001,096
2.250%, 10/22/2013   2,000,000 2,002,120
2.610%, 07/01/2035 (P)   932,682 979,997
2.900%, 04/07/2014   925,000 925,364

 

Ultra Short Term Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT AGENCY (continued)    
Federal National Mortgage      
Association (continued)      
3.121%, 05/01/2034 (P) $ 858,683 $ 904,366
6.500%, 10/01/2037   301,214 337,017
Government National Mortgage Association      
2.500%, 08/20/2035 (P)   901,215 931,949
2.625%, 08/20/2032 (P)   852,938 882,113
 
      26,786,848
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $26,843,087)   $ 26,786,848
 
CORPORATE BONDS - 37.47%      
 
CONSUMER DISCRETIONARY - 1.74%      
American Honda Finance Corp.      
0.531%, 08/28/2012 (P)(S)   500,000 498,383
Staples, Inc.      
7.750%, 04/01/2011   250,000 250,000
Time Warner Cable, Inc.      
5.400%, 07/02/2012   400,000 420,417
 
      1,168,800
 
CONSUMER STAPLES - 5.25%      
Anheuser-Busch InBev Worldwide, Inc.      
3.000%, 10/15/2012   500,000 514,022
Cadbury Schweppes US Finance LLC      
5.125%, 10/01/2013 (S)   150,000 162,114
Cargill, Inc.      
6.375%, 06/01/2012 (S)   250,000 264,368
Coca-Cola Bottling Company      
5.000%, 11/15/2012   500,000 528,758
Dr. Pepper Snapple Group, Inc.      
1.700%, 12/21/2011   500,000 503,877
HJ Heinz Finance Company      
6.000%, 03/15/2012   300,000 314,925
Kraft Foods, Inc.      
6.250%, 06/01/2012   700,000 742,407
Reynolds American, Inc.      
1.010%, 06/15/2011 (P)   250,000 250,185
SABMiller PLC      
6.200%, 07/01/2011 (S)   250,000 253,284
 
      3,533,940
 
ENERGY - 3.14%      
Husky Energy, Inc.      
6.250%, 06/15/2012   850,000 900,085
Kinder Morgan Energy Partners LP      
7.125%, 03/15/2012   400,000 422,558
NuStar Logistics LP      
6.875%, 07/15/2012   400,000 423,501
Valero Energy Corp.      
6.875%, 04/15/2012   350,000 369,974
 
      2,116,118
 
FINANCIALS - 18.48%      
American Express Bank FSB      
0.378%, 05/29/2012 (P)   700,000 698,235
Bank of America Corp.      
1.723%, 01/30/2014 (P)   500,000 508,174
Bank One Corp.      
5.900%, 11/15/2011   250,000 258,019
BNP Paribas / BNP Paribas US Medium-Term    
Note Program LLC      
1.310%, 06/11/2012 (P)   500,000 503,646
Capital One Financial Corp.      
5.700%, 09/15/2011   250,000 255,539

 

412

 


John Hancock Variable Insurance Trust (Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FINANCIALS (continued)      
Chubb Corp.      
6.000%, 11/15/2011 $ 250,000 $ 258,328
Citigroup, Inc.      
5.100%, 09/29/2011   250,000 255,115
Credit Suisse USA, Inc.      
6.125%, 11/15/2011   250,000 258,448
Duke Realty LP      
5.625%, 08/15/2011   250,000 253,615
ERAC USA Finance LLC      
2.750%, 07/01/2013 (S)   700,000 708,186
General Electric Capital Corp., Series A      
6.000%, 06/15/2012   500,000 529,364
HSBC Finance Corp.      
0.653%, 07/19/2012 (P)   500,000 498,503
7.000%, 05/15/2012   250,000 265,866
ING Bank NV      
2.000%, 10/18/2013 (S)   700,000 691,584
Merrill Lynch & Company, Inc.      
5.450%, 02/05/2013   750,000 794,583
Metropolitan Life Global Funding I      
5.125%, 11/09/2011 (S)   350,000 359,340
Morgan Stanley      
0.553%, 01/09/2012 (P)   250,000 250,006
2.812%, 05/14/2013 (P)   250,000 258,811
National City Bank      
0.410%, 03/01/2013 (P)   400,000 398,882
6.200%, 12/15/2011   250,000 259,424
Nationwide Financial Services, Inc.      
6.250%, 11/15/2011   700,000 722,509
Prudential Financial, Inc.      
5.100%, 12/14/2011   250,000 257,109
Regions Financial Corp.      
0.479%, 06/26/2012 (P)   250,000 241,353
The Bear Stearns Companies LLC      
6.950%, 08/10/2012   750,000 807,147
The Goldman Sachs Group, Inc.      
3.625%, 08/01/2012   250,000 257,725
5.300%, 02/14/2012   500,000 519,485
The Royal Bank of Scotland PLC      
3.400%, 08/23/2013   800,000 817,626
Toyota Motor Credit Corp.      
1.375%, 08/12/2013   250,000 248,893
UBS AG      
2.250%, 08/12/2013   300,000 302,697
 
      12,438,212
 
HEALTH CARE - 1.16%      
Pfizer, Inc.      
4.450%, 03/15/2012   400,000 414,810
Wellpoint Health Networks, Inc.      
6.375%, 01/15/2012   350,000 365,723
 
      780,533
Industrials - 0.39%      
Textron, Inc.      
6.500%, 06/01/2012   250,000 263,062
Information Technology - 0.77%      
Hewlett-Packard Company      
4.250%, 02/24/2012   500,000 516,961
 
MATERIALS - 1.54%      
Potash Corp. of Saskatchewan, Inc.      
7.750%, 05/31/2011   250,000 252,795
The Dow Chemical Company      
4.850%, 08/15/2012   750,000 785,362
 
      1,038,157

 

Ultra Short Term Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
TELECOMMUNICATION SERVICES - 3.08%    
Cellco Partnership / Verizon Wireless      
Capital LLC      
5.250%, 02/01/2012 $ 850,000 $ 881,041
Qwest Corp.      
8.875%, 03/15/2012   400,000 428,000
Telecom Italia Capital SA      
6.200%, 07/18/2011   750,000 761,327
 
      2,070,368
 
UTILITIES - 1.92%      
DTE Energy Company      
7.050%, 06/01/2011   250,000 252,303
NiSource Finance Corp.      
6.150%, 03/01/2013   500,000 541,720
PSEG Power LLC      
7.750%, 04/15/2011   500,000 500,857
 
      1,294,880
TOTAL CORPORATE BONDS (Cost $25,171,059) $ 25,221,031
 
ASSET BACKED SECURITIES - 21.27%    
American Express Credit      
Account Master Trust      
Series 2007-1, Class A,      
0.275%, 09/15/2014 (P)   750,000 749,338
Series 2007-7, Class A,      
0.295%, 02/17/2015 (P)   100,000 99,896
Americredit Automobile Receivables Trust      
Series 2007-BF, Class A4,      
0.310%, 12/06/2013 (P)   592,084 590,464
Series 2008-2, Class A2,      
4.260%, 08/06/2012 (P)   1,073 1,074
Americredit Automobile Receivables Trust,      
Series 2010-2, Class A2      
1.220%, 10/08/2013   683,221 684,919
Bank of America Auto Trust, Series 2009-1A,    
Class A3      
2.670%, 07/15/2013 (S)   320,388 323,250
Bank of America Credit Card Trust      
Series 2006-A12, Class A12,      
0.275%, 03/15/2014 (P)   660,000 659,162
Series 2006-A6, Class A6,      
0.285%, 11/15/2013 (P)   150,000 149,963
Series 2008-A5, Class A5,      
1.455%, 12/16/2013 (P)   500,000 501,518
Bank One Issuance Trust, Series 2004-A7,      
Class A7      
0.375%, 05/15/2014 (P)   394,000 393,947
BMW Vehicle Lease Trust, Series 2009-1,      
Class A3      
2.910%, 03/15/2012   589,965 592,796
Cabela’s Master Credit Card Trust,      
Series 2006-3A, Class A2      
0.305%, 10/15/2014 (P)(S)   500,000 498,766
Capital Auto Receivables Asset Trust      
Series 2008-2, Class A3A,      
4.680%, 10/15/2012   486,988 493,035
Series 2007-1, Class A4A,      
5.010%, 04/16/2012   303,631 305,994
Capital One Multi-Asset Execution Trust,      
Series 2006-A6, Class A6      
5.300%, 02/18/2014   600,000 601,145
Chase Issuance Trust      
Series 2009-A2, Class A2,      
1.805%, 04/15/2014 (P)   750,000 760,883
Series 2008-A9, Class A9,      
4.260%, 05/15/2013   500,000 502,336

 

413

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
ASSET BACKED SECURITIES (continued)    
Citibank Credit Card Issuance Trust,      
Series 2007-A7, Class A7      
0.603%, 08/20/2014 (P) $ 700,000 $ 701,506
Daimler Chrysler Auto Trust      
Series 2008-A, Class A3A,      
3.700%, 06/08/2012   2,644 2,645
Series 2007-A, Class A4,      
5.280%, 03/08/2013   171,436 174,938
Discover Card Master Trust, Series 2008-A3,    
Class A3      
5.100%, 10/15/2013   600,000 601,075
Discover Card Master Trust I, Series 2007-3,    
Class A2      
0.305%, 10/16/2014 (P)   85,000 84,862
DT Auto Owner Trust, Series 2011-1A,      
Class A      
0.990%, 05/15/2013 (S)   455,944 455,944
Fifth Third Auto Trust, Series 2008-1,      
Class A4A      
4.810%, 01/15/2013   421,115 427,036
Ford Credit Auto Lease Trust, Series 2010-A,    
Class A2      
1.040%, 03/15/2013 (S)   970,780 971,543
Ford Credit Auto Owner Trust      
Series 2008-A, Class A3A,      
3.960%, 04/15/2012   108,229 108,676
Series 2007-A, Class A4A,      
5.470%, 06/15/2012   104,326 105,733
Harley-Davidson Motorcycle Trust      
Series 2009-3, Class A3,      
1.740%, 09/15/2013   280,000 281,774
Series 2009-2, Class A3,      
2.620%, 03/15/2014   247,484 249,823
Series 2007-2, Class A4,      
5.120%, 08/15/2013   208,171 212,817
Honda Auto Receivables Owner Trust,      
Series 2009-2, Class A3      
2.790%, 01/15/2013   321,302 324,205
Nissan Auto Receivables Owner Trust,      
Series 2008-C, Class A3A      
5.930%, 07/16/2012   101,600 102,344
Santander Drive Auto Receivables Trust,      
Series 2010-3, Class A2      
0.930%, 06/17/2013   350,000 350,330
USAA Auto Owner Trust, Series 2007-2,      
Class A4      
5.070%, 06/15/2013   223,567 224,740
Volvo Financial Equipment LLC,      
Series 2010-1A, Class A2      
1.060%, 06/15/2012 (S)   354,739 355,038
Wachovia Auto Loan Owner Trust,      
Series 2007-1, Class C      
5.450%, 10/22/2012   100,000 100,962
World Omni Auto Receivables Trust      
Series 2007-A, Class A4,      
0.255%, 11/15/2012 (P)   121,806 121,682
Series 2010-A, Class A3,      
1.340%, 12/16/2013   425,000 427,101
Series 2008-8, Class A3A,      
5.130%, 04/15/2013   25,995 26,264
TOTAL ASSET BACKED SECURITIES (Cost $14,390,404) $ 14,319,524
 
SHORT-TERM INVESTMENTS - 0.73%      
Commercial Paper* - 0.73%      
Deutsche Bank AG, 0.824% 01/19/2012   100,000 99,799

 

Ultra Short Term Bond Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
SHORT-TERM INVESTMENTS (continued)    
Commercial Paper* (continued)    
Nordea Bank Finland PLC,    
0.603% 10/14/2011 $ 170,000 $ 170,061
Societe Generale, 0.800% 02/03/2012 220,000 219,008
 
    488,868
TOTAL SHORT-TERM INVESTMENTS (Cost $488,868) $ 488,868
Total Investments (Ultra Short Term Bond Trust)    
(Cost $66,893,418) - 99.26% $ 66,816,271
Other assets and liabilities, net - 0.74%   499,776
TOTAL NET ASSETS - 100.00% $ 67,316,047
 
 
 
U.S. Multi-Sector Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 97.98%    
Consumer Discretionary - 6.93%    
Auto Components - 0.14%    
Autoliv, Inc. (L) 4,200 $ 311,766
BorgWarner, Inc. (I) 3,700 294,853
Lear Corp. 2,980 145,633
Tenneco, Inc. (I) 2,500 106,125
TRW Automotive Holdings Corp. (I) 6,300 347,004
 
    1,205,381
Distributors - 0.19%    
Audiovox Corp., Class A (I) 10,800 86,400
Genuine Parts Company (L) 28,000 1,501,920
 
    1,588,320
Diversified Consumer Services - 0.33%    
Apollo Group, Inc., Class A (I) 33,600 1,401,456
Career Education Corp. (I) 4,300 97,696
DeVry, Inc. 1,600 88,112
H&R Block, Inc. 5,300 88,722
ITT Educational Services, Inc. (I)(L) 4,930 355,700
Pre-Paid Legal Services, Inc. (I)(L) 1,300 85,800
Sotheby’s (L) 2,000 105,200
Strayer Education, Inc. (L) 1,840 240,102
Weight Watchers International, Inc. 4,500 315,450
 
    2,778,238
Hotels, Restaurants & Leisure - 2.17%    
Brinker International, Inc. 4,400 111,320
Chipotle Mexican Grill, Inc. (I)(L) 940 256,028
Choice Hotels International, Inc. 9,500 369,075
Cracker Barrel Old Country Store, Inc. (L) 2,900 142,506
Darden Restaurants, Inc. 5,700 280,041
DineEquity, Inc. (I) 500 27,490
Einstein Noah Restaurant Group, Inc. 6,900 112,332
Las Vegas Sands Corp. (I) 20,600 869,732
McDonald’s Corp. 190,101 14,464,785
O’Charley’s, Inc. (I)(L) 9,900 59,103
Penn National Gaming, Inc. (I)(L) 4,400 163,064
Ruby Tuesday, Inc. (I) 6,200 81,282
Ruth’s Hospitality Group, Inc. (I)(L) 15,200 78,432
Wynn Resorts, Ltd. 1,570 199,783
Yum! Brands, Inc. 17,100 878,598
 
    18,093,571
Household Durables - 0.10%    
Fortune Brands, Inc. 6,000 371,340

 

414

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

U.S. Multi-Sector Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Household Durables (continued)    
Garmin, Ltd. (L) 2,500 $ 84,650
MDC Holdings, Inc. (L) 6,100 154,635
Mohawk Industries, Inc. (I) 1,400 85,610
Newell Rubbermaid, Inc. 4,300 82,259
NVR, Inc. (I) 119 89,964
 
    868,458
Internet & Catalog Retail - 0.20%    
Amazon.com, Inc. (I) 2,060 371,068
Liberty Media Corp. - Interactive, Series A (I) 25,200 404,208
Netflix, Inc. (I) 1,890 448,554
priceline.com, Inc. (I) 810 410,216
 
    1,634,046
Leisure Equipment & Products - 0.04%    
Hasbro, Inc. (L) 5,700 266,988
Johnson Outdoors, Inc. (I) 1 15
Polaris Industries, Inc. (L) 1,100 95,722
 
    362,725
Media - 0.85%    
Arbitron, Inc. 7,900 316,237
Charter Communications, Inc., Class A (I) 6,600 334,158
Clear Channel Outdoor    
Holdings, Inc., Class A (I) 5,500 80,025
Comcast Corp., Class A 59,200 1,463,424
DIRECTV, Class A (I) 9,000 421,200
Discovery    
Communications, Inc., Series A (I)(L) 2,000 79,800
Gannett Company, Inc. (L) 16,000 243,680
Liberty Global, Inc., Series A (I)(L) 7,700 318,857
Liberty Media Corp. - Capital, Series A (I) 1,100 81,037
Live Nation Entertainment, Inc. (I) 8,000 80,000
News Corp., Class A 14,500 254,620
The McClatchy Company, Class A (I)(L) 15,700 53,380
The McGraw-Hill Companies, Inc. (L) 25,100 988,940
The Washington Post Company, Class B 184 80,511
Time Warner Cable, Inc. 8,105 578,211
Time Warner, Inc. 34,833 1,243,538
Viacom, Inc., Class B 9,800 455,896
 
    7,073,514
Multiline Retail - 0.48%    
Dillard’s, Inc., Class A 1,900 76,228
Dollar Tree, Inc. (I) 25,200 1,399,104
Family Dollar Stores, Inc. 12,600 646,632
J.C. Penney Company, Inc. 9,500 341,145
Macy’s, Inc. 16,100 390,586
Sears Holdings Corp. (I)(L) 9,100 752,115
Target Corp. 7,800 390,078
 
    3,995,888
Specialty Retail - 1.18%    
Advance Auto Parts, Inc. (L) 14,100 925,242
Aeropostale, Inc. (I) 28,558 694,531
AutoNation, Inc. (I)(L) 11,900 420,903
AutoZone, Inc. (I)(L) 4,820 1,318,559
Best Buy Company, Inc. 24,600 706,512
Cabela’s, Inc. (I)(L) 3,800 95,038
Destination Maternity Corp. 5,400 124,578
Foot Locker, Inc. 6,000 118,320
GameStop Corp., Class A (I) 4,000 90,080
Group 1 Automotive, Inc. 2,000 85,600
Guess?, Inc. 1,800 70,830
Home Depot, Inc. 13,300 492,898
Jos. A. Bank Clothiers, Inc. (I) 7,500 381,600

 

U.S. Multi-Sector Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Limited Brands, Inc. 7,300 $ 240,024
O’Reilly Automotive, Inc. (I) 5,300 304,538
Penske Automotive Group, Inc. (I)(L) 5,600 112,112
PetSmart, Inc. 5,700 233,415
RadioShack Corp. (L) 7,900 118,579
Rent-A-Center, Inc. 3,300 115,203
Ross Stores, Inc. 10,700 760,984
Sally Beauty Holdings, Inc. (I)(L) 11,400 159,714
TJX Companies, Inc. 38,300 1,904,659
Tractor Supply Company (L) 4,100 245,426
Williams-Sonoma, Inc. 2,400 97,200
 
    9,816,545
Textiles, Apparel & Luxury Goods - 1.25%    
Coach, Inc. 34,200 1,779,768
Deckers Outdoor Corp. (I) 2,200 189,530
Fossil, Inc. (I)(L) 4,200 393,330
Iconix Brand Group, Inc. (I) 4,000 85,920
NIKE, Inc., Class B 90,000 6,813,000
Steven Madden, Ltd. (I)(L) 3,600 168,948
The Timberland Company, Class A (I) 900 37,161
Under Armour, Inc., Class A (I) 1,400 95,270
VF Corp. (L) 8,400 827,652
 
    10,390,579
 
    57,807,265
Consumer Staples - 23.17%    
Beverages - 5.91%    
Brown Forman Corp., Class B (L) 26,200 1,789,460
Coca-Cola Enterprises, Inc. 22,900 625,170
Constellation Brands, Inc., Class A (I) 4,100 83,148
Hansen Natural Corp. (I) 19,800 1,192,554
Heckmann Corp. (I) 17,700 115,935
PepsiCo, Inc. 286,333 18,442,709
The Coca-Cola Company 407,700 27,050,895
 
    49,299,871
Food & Staples Retailing - 6.03%    
BJ’s Wholesale Club, Inc. (I) 1,800 87,876
Costco Wholesale Corp. 37,700 2,764,164
CVS Caremark Corp. 28,600 981,552
Nash Finch Company 3,500 132,790
Ruddick Corp. (L) 2,300 88,757
Safeway, Inc. (L) 13,700 322,498
SUPERVALU, Inc. (L) 9,279 82,861
Sysco Corp. 107,600 2,980,520
The Kroger Company 41,800 1,001,946
United Natural Foods, Inc. (I) 2,200 98,604
Wal-Mart Stores, Inc. 661,303 34,420,821
Walgreen Company 178,700 7,173,018
Weis Markets, Inc. 3,900 157,794
 
    50,293,201
Food Products - 2.27%    
Campbell Soup Company (L) 52,100 1,725,031
Corn Products International, Inc. 1,800 93,276
Dean Foods Company (I)(L) 8,800 88,000
Dole Food Company, Inc. (I)(L) 5,400 73,602
Farmer Brothers Company 10,700 129,684
Flowers Foods, Inc. (L) 19,000 517,370
Fresh Del Monte Produce, Inc. 2,900 75,719
General Mills, Inc. 115,700 4,228,835
Green Mountain Coffee Roasters, Inc. (I) 2,500 161,525
H.J. Heinz Company (L) 32,500 1,586,650
Hormel Foods Corp. (L) 53,200 1,481,088

 

415

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

U.S. Multi-Sector Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products (continued)    
Kellogg Company (L) 64,300 $ 3,470,914
Kraft Foods, Inc., Class A 22,300 699,328
McCormick & Company, Inc., Class B 23,400 1,119,222
Sara Lee Corp. 15,200 268,584
The Hain Celestial Group, Inc. (I)(L) 2,700 87,156
The Hershey Company (L) 46,700 2,538,145
The J.M. Smucker Company 8,400 599,676
 
    18,943,805
Household Products - 5.45%    
Church & Dwight Company, Inc. 13,500 1,071,090
Clorox Company (L) 24,700 1,730,729
Colgate-Palmolive Company 88,000 7,106,880
Energizer Holdings, Inc. (I) 2,300 163,668
Kimberly-Clark Corp. 76,200 4,973,574
Spectrum Brands Holdings, Inc. (I) 5,500 152,680
The Procter & Gamble Company 491,300 30,264,080
 
    45,462,701
Personal Products - 0.56%    
Avon Products, Inc. 37,500 1,014,000
Herbalife, Ltd. 8,400 683,424
Nu Skin Enterprises, Inc., Class A 800 23,000
The Estee Lauder    
Companies, Inc., Class A (L) 29,701 2,861,988
USANA Health Sciences, Inc. (I)(L) 1,500 51,765
 
    4,634,177
Tobacco - 2.95%    
Altria Group, Inc. 247,200 6,434,616
Lorillard, Inc. 25,900 2,460,759
Philip Morris International, Inc. 211,769 13,898,399
Reynolds American, Inc. 50,600 1,797,818
 
    24,591,592
    193,225,347
Energy - 2.77%    
Energy Equipment & Services - 0.60%    
Atwood Oceanics, Inc. (I) 2,400 111,432
Baker Hughes, Inc. 4,400 323,092
Complete Production Services, Inc. (I) 3,600 114,516
Core Laboratories NV 900 91,953
Diamond Offshore Drilling, Inc. (L) 2,930 227,661
Dril-Quip, Inc. (I) 1,200 94,836
Global Industries, Ltd. (I) 4,500 44,055
Gulfmark Offshore, Inc., Class A (I) 2,900 129,079
Halliburton Company 2,400 119,616
McDermott International, Inc. (I) 3,700 93,943
National Oilwell Varco, Inc. 17,400 1,379,298
Oceaneering International, Inc. (I) 1,000 89,450
Oil States International, Inc. (I) 1,100 83,754
Patterson-UTI Energy, Inc. 3,000 88,170
Rowan Companies, Inc. (I) 4,300 189,974
RPC, Inc. (L) 4,400 111,408
Schlumberger, Ltd. 15,727 1,466,700
SEACOR Holdings, Inc. 1,540 142,388
Tidewater, Inc. 400 23,940
Weatherford International, Ltd. (I) 3,300 74,580
 
    4,999,845
Oil, Gas & Consumable Fuels - 2.17%    
Anadarko Petroleum Corp. 1,408 115,343
Apache Corp. 820 107,354
Apco Oil and Gas International, Inc. 1,000 85,760
Approach Resources, Inc. (I) 1,600 53,760
Chevron Corp. 39,167 4,207,711

 

U.S. Multi-Sector Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Cloud Peak Energy, Inc. (I) 7,600 $ 164,084
Concho Resources, Inc. (I) 2,400 257,520
ConocoPhillips 80,488 6,427,772
El Paso Corp. 4,900 88,200
Energy Partners, Ltd. (I) 7,000 126,000
Energy XXI Bermuda, Ltd. (I) 1,400 47,740
Exxon Mobil Corp. 20,662 1,738,294
Forest Oil Corp. (I) 500 18,915
Holly Corp. 1,400 85,064
Marathon Oil Corp. 28,200 1,503,342
Murphy Oil Corp. 5,300 389,126
Occidental Petroleum Corp. 4,535 473,862
Peabody Energy Corp. 3,600 259,056
Pioneer Natural Resources Company (L) 2,900 295,568
SemGroup Corp., Class A (I) 2,500 70,400
Ship Finance International, Ltd. (L) 7,400 153,402
Sunoco, Inc. 6,500 296,335
Teekay Corp. (L) 2,800 103,404
Tesoro Corp. (I)(L) 4,000 107,320
Valero Energy Corp. 21,300 635,166
W&T Offshore, Inc. 3,200 72,928
Western Refining, Inc. (I)(L) 8,000 135,600
World Fuel Services Corp. 2,100 85,281
 
    18,104,307
 
    23,104,152
Financials - 1.99%    
Capital Markets - 0.04%    
American Capital, Ltd. (I) 9,500 94,050
GAMCO Investors, Inc., Class A 1,900 88,084
Safeguard Scientifics, Inc. (I) 5,900 120,065
 
    302,199
Commercial Banks - 0.08%    
CapitalSource, Inc. 31,800 223,872
CIT Group, Inc. (I) 8,200 348,910
OmniAmerican Bancorp, Inc. (I) 6,500 102,960
 
    675,742
Consumer Finance - 0.17%    
Capital One Financial Corp. 5,600 290,976
Cash America International, Inc. (L) 1,900 87,495
Credit Acceptance Corp. (I)(L) 1,500 106,440
Discover Financial Services 3,700 89,244
EZCORP, Inc., Class A (I) 3,700 116,143
First Cash Financial Services, Inc. (I)(L) 2,700 104,220
Nelnet, Inc., Class A 6,801 148,466
SLM Corp. (I) 24,900 380,970
World Acceptance Corp. (I) 1,900 123,880
 
    1,447,834
Diversified Financial Services - 0.12%    
Bank of America Corp. 48,857 651,264
Encore Capital Group, Inc. (I) 4,200 99,498
Leucadia National Corp. (L) 2,400 90,096
Marlin Business Services Corp. (I)(L) 6,100 75,274
PHH Corp. (I)(L) 3,700 80,549
 
    996,681
Insurance - 1.11%    
ACE, Ltd. 5,900 381,730
Allied World Assurance    
Company Holdings, Ltd. 4,200 263,298
American Financial Group, Inc. 6,100 213,622
American International Group, Inc. (I)(L) 8,200 288,148
AON Corp. 4,100 217,136

 

416

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

U.S. Multi-Sector Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Arch Capital Group, Ltd. (I)(L) 3,200 $ 317,408
Aspen Insurance Holdings, Ltd. 3,500 96,460
Assurant, Inc. 7,200 277,272
Axis Capital Holdings, Ltd. 7,400 258,408
Brown & Brown, Inc. 14,800 381,840
Chubb Corp. 6,100 373,991
CNA Surety Corp. (I) 4,000 101,040
CNO Financial Group, Inc. (I) 19,000 142,690
Employers Holdings, Inc. 4,700 97,102
Endurance Specialty Holdings, Ltd. (L) 3,400 165,988
Enstar Group, Ltd. (I) 1,000 99,880
Erie Indemnity Company 1,300 92,443
Everest Re Group, Ltd. 900 79,362
Flagstone Reinsurance Holdings SA 7,200 64,872
Greenlight Capital Re, Ltd., Class A (I) 2,900 81,809
Hartford Financial Services Group, Inc. 13,000 350,090
Hilltop Holdings, Inc. (I) 15,600 156,624
MBIA, Inc. (I) 7,500 75,300
Montpelier Re Holdings, Ltd. (L) 4,300 75,981
Old Republic International Corp. (L) 12,000 152,280
PartnerRe, Ltd. 2,600 206,024
Platinum Underwriters Holdings, Ltd. 3,700 140,933
Presidential Life Corp. (L) 15,700 149,621
Protective Life Corp. 3,400 90,270
Prudential Financial, Inc. 8,600 529,588
RenaissanceRe Holdings, Ltd. 4,200 289,758
StanCorp Financial Group, Inc. (L) 1,900 87,628
Symetra Financial Corp. 7,000 95,200
The Allstate Corp. 8,600 273,308
The Progressive Corp. 9,800 207,074
The Travelers Companies, Inc. 26,800 1,594,064
Torchmark Corp. 3,000 199,440
Transatlantic Holdings, Inc. 3,100 150,877
Unitrin, Inc. 2,900 89,552
Unum Group 3,100 81,375
Validus Holdings, Ltd. 8,600 286,638
 
    9,276,124
Real Estate Investment Trusts - 0.36%    
American Capital Agency Corp. 2,800 81,592
Annaly Capital Management, Inc. 25,600 446,720
Apartment Investment & Management    
Company, Class A 700 17,829
AvalonBay Communities, Inc. (L) 960 115,277
CBL & Associates Properties, Inc. (L) 6,000 104,520
CommonWealth 2,900 75,313
Digital Realty Trust, Inc. (L) 1,200 69,768
Equity Residential (L) 4,300 242,563
Federal Realty Investment Trust 900 73,404
General Growth Properties, Inc. 13,068 202,293
Getty Realty Corp. (L) 2,700 61,776
Glimcher Realty Trust 3,100 28,675
Hatteras Financial Corp. 5,000 140,600
iStar Financial, Inc. (I)(L) 13,800 126,684
One Liberty Properties, Inc. 10,100 152,308
Pennymac Mortgage Investment Trust 7,700 141,603
Post Properties, Inc. (L) 2,600 102,050
Public Storage 3,030 336,057
Simon Property Group, Inc. 2,430 260,399
Starwood Property Trust, Inc. 3,600 80,280
Winthrop Realty Trust 12,800 156,800
 
    3,016,511
Real Estate Management & Development - 0.04%    
Forest City Enterprises, Inc., Class A (I) 5,900 111,097

 

U.S. Multi-Sector Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Management & Development (continued)  
Tejon Ranch Company (I)(L) 3,400 $ 124,916
The Howard Hughes Corp. (I) 4 283
The St. Joe Company (I)(L) 4,000 100,280
 
    336,576
Thrifts & Mortgage Finance - 0.07%    
Abington Bancorp, Inc. (L) 7,000 85,610
Capitol Federal Financial, Inc. 17,800 200,606
Fox Chase Bancorp, Inc. 7,800 108,576
New York Community Bancorp, Inc. (L) 4,800 82,848
Oritani Financial Corp. 7,400 93,832
 
    571,472
 
    16,623,139
Health Care - 27.83%    
Biotechnology - 2.35%    
Alexion Pharmaceuticals, Inc. (I) 1,900 187,492
Amgen, Inc. (I) 193,300 10,331,885
Aveo Pharmaceuticals, Inc. (I) 5,800 77,662
Biogen Idec, Inc. (I) 16,000 1,174,240
Cephalon, Inc. (I)(L) 4,100 310,698
Enzon Pharmaceuticals, Inc. (I)(L) 17,500 190,750
Genzyme Corp. (I) 4,300 327,445
Gilead Sciences, Inc. (I) 149,701 6,353,310
PDL BioPharma, Inc. (L) 14,300 82,940
Regeneron Pharmaceuticals, Inc. (I) 2,600 116,844
Synta Pharmaceuticals Corp. (I) 17,200 90,472
Theravance, Inc. (I) 10,900 263,998
United Therapeutics Corp. (I)(L) 1,310 87,796
 
    19,595,532
Health Care Equipment & Supplies - 4.76%    
Alere, Inc. (I) 24,700 966,758
Baxter International, Inc. 115,373 6,203,606
Becton, Dickinson & Company 40,600 3,232,572
C.R. Bard, Inc. (L) 15,000 1,489,650
CareFusion Corp. (I) 8,800 248,160
DENTSPLY International, Inc. 27,100 1,002,429
Edwards Lifesciences Corp. (I) 20,900 1,818,300
Gen-Probe, Inc. (I) 9,600 636,960
Hill-Rom Holdings, Inc. 4,100 155,718
IDEXX Laboratories, Inc. (I) 11,300 872,586
Intuitive Surgical, Inc. (I) 3,110 1,037,061
Kinetic Concepts, Inc. (I)(L) 5,300 288,426
Medtronic, Inc. 228,600 8,995,410
Palomar Medical Technologies, Inc. (I) 6,000 89,100
ResMed, Inc. (I)(L) 27,900 837,000
St. Jude Medical, Inc. 61,900 3,172,994
Stryker Corp. (L) 70,700 4,298,560
Syneron Medical, Ltd., ADR (I) 8,500 110,840
The Cooper Companies, Inc. 1,600 111,120
Varian Medical Systems, Inc. (I)(L) 21,500 1,454,260
Zimmer Holdings, Inc. (I) 44,800 2,711,744
 
    39,733,254
Health Care Providers & Services - 3.95%    
Aetna, Inc. 26,900 1,006,867
Amedisys, Inc. (I) 3,100 108,500
AMERIGROUP Corp. (I)(L) 3,800 244,150
AmerisourceBergen Corp. 27,100 1,072,076
Cardinal Health, Inc. 27,600 1,135,188
Centene Corp. (I) 3,300 108,834
Chemed Corp. 1,300 86,593
CIGNA Corp. 2,300 101,844
Coventry Health Care, Inc. (I) 14,100 449,649

 

417

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

U.S. Multi-Sector Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
Express Scripts, Inc. (I) 92,810 $ 5,161,164
Health Management    
Associates, Inc., Class A (I) 9,800 106,820
Health Net, Inc. (I)(L) 9,200 300,840
Healthspring, Inc. (I) 5,200 194,324
Henry Schein, Inc. (I)(L) 16,800 1,178,856
Humana, Inc. (I) 13,300 930,202
Laboratory Corp. of America Holdings (I) 20,100 1,851,813
Lincare Holdings, Inc. (L) 26,444 784,329
McKesson Corp. 11,100 877,455
MEDNAX, Inc. (I) 8,700 579,507
Molina Healthcare, Inc. (I) 2,700 108,000
Omnicare, Inc. (L) 2,800 83,972
Owens & Minor, Inc. 2,700 87,696
Patterson Companies, Inc. 22,400 721,056
Quest Diagnostics, Inc. 30,600 1,766,232
Triple-S Management Corp., Class B (I) 27,052 556,730
UnitedHealth Group, Inc. 232,022 10,487,394
Universal American Financial Corp. (L) 5,000 114,550
WellCare Health Plans, Inc. (I) 2,700 113,265
WellPoint, Inc. 38,102 2,659,139
 
    32,977,045
Health Care Technology - 0.19%    
Cerner Corp. (I)(L) 13,970 1,553,464
Life Sciences Tools & Services - 0.60%    
Covance, Inc. (I)(L) 9,100 497,952
Furiex Pharmaceuticals, Inc. (I) 9,500 160,360
Illumina, Inc. (I)(L) 3,900 273,273
Mettler-Toledo International, Inc. (I)(L) 6,940 1,193,680
Pharmaceutical Product Development, Inc. 23,500 651,185
Techne Corp. (L) 7,500 537,000
Thermo Fisher Scientific, Inc. (I) 4,100 227,755
Waters Corp. (I)(L) 16,300 1,416,470
 
    4,957,675
Pharmaceuticals - 15.98%    
Abbott Laboratories 297,301 14,582,614
Allergan, Inc. 60,400 4,289,608
Bristol-Myers Squibb Company 327,500 8,655,825
Eli Lilly & Company 304,201 10,698,749
Endo Pharmaceuticals Holdings, Inc. (I)(L) 33,600 1,282,176
Forest Laboratories, Inc. (I) 73,500 2,374,050
Hospira, Inc. (I) 4,100 226,320
Johnson & Johnson 472,600 28,001,550
Merck & Company, Inc. 690,647 22,798,257
Mylan, Inc. (I) 4,000 90,680
Perrigo Company 1,100 87,472
Pfizer, Inc. 1,931,391 39,226,551
Viropharma, Inc. (I)(L) 5,100 101,490
Warner Chilcott PLC, Class A 36,900 859,032
 
    133,274,374
 
    232,091,344
Industrials - 5.33%    
Aerospace & Defense - 1.16%    
Alliant Techsystems, Inc. 1,100 77,737
GenCorp, Inc. (I)(L) 30,201 180,602
General Dynamics Corp. 41,500 3,177,240
Huntington Ingalls Industries, Inc. (I) 1,250 51,875
ITT Corp. 4,800 288,240
L-3 Communications Holdings, Inc. 4,700 368,057
Lockheed Martin Corp. 3,080 247,632
Northrop Grumman Corp. 7,500 470,325
Precision Castparts Corp. 4,930 725,597

 

U.S. Multi-Sector Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Aerospace & Defense (continued)    
Raytheon Company 1,600 $ 81,392
Rockwell Collins, Inc. 15,700 1,017,831
Spirit Aerosystems    
Holdings, Inc., Class A (I)(L) 3,800 97,546
Triumph Group, Inc. (L) 1,000 88,450
United Technologies Corp. 33,300 2,818,845
 
    9,691,369
Air Freight & Logistics - 0.34%    
C.H. Robinson Worldwide, Inc. (L) 34,200 2,535,246
Expeditors International of Washington, Inc. 6,600 330,924
 
    2,866,170
Airlines - 0.07%    
Alaska Air Group, Inc. (I) 1,500 95,130
Delta Air Lines, Inc. (I) 7,400 72,520
Republic Airways Holdings, Inc. (I) 18,900 121,527
United Continental Holdings, Inc. (I)(L) 12,600 289,674
 
    578,851
Building Products - 0.00%    
Owens Corning (I) 600 21,594
Commercial Services & Supplies - 0.42%    
Avery Dennison Corp. 2,100 88,116
Copart, Inc. (I)(L) 14,600 632,618
Deluxe Corp. (L) 3,800 100,852
M&F Worldwide Corp. (I)(L) 6,200 155,744
Pitney Bowes, Inc. (L) 15,000 385,350
R.R. Donnelley & Sons Company (L) 4,800 90,816
Rollins, Inc. 29,100 590,730
Stericycle, Inc. (I)(L) 16,000 1,418,720
 
    3,462,946
Construction & Engineering - 0.07%    
Granite Construction, Inc. (L) 3,200 89,920
KBR, Inc. 7,200 271,944
Primoris Services Corp. 11,200 113,568
Tutor Perini Corp. 3,900 95,004
 
    570,436
Electrical Equipment - 0.08%    
AMETEK, Inc. 6,150 269,801
Polypore International, Inc. (I)(L) 2,400 138,192
Roper Industries, Inc. (L) 2,800 242,088
 
    650,081
Industrial Conglomerates - 1.46%    
3M Company 128,600 12,024,100
Seaboard Corp. 39 94,107
Tyco International, Ltd. 1,800 80,586
 
    12,198,793
Machinery - 1.19%    
Caterpillar, Inc. 10,100 1,124,635
Cummins, Inc. 5,300 580,986
Danaher Corp. 91,600 4,754,040
Deere & Company 9,100 881,699
Eaton Corp. 6,300 349,272
EnPro Industries, Inc. (I) 400 14,528
Ingersoll-Rand PLC (L) 5,100 246,381
John Bean Technologies Corp. 4,600 88,458
Joy Global, Inc. 4,800 474,288
Meritor, Inc. (I) 5,500 93,335
Middleby Corp. (I)(L) 1,200 111,864
Miller Industries, Inc. 5,700 92,568
NACCO Industries, Inc., Class A 840 92,963
Navistar International Corp. (I) 1,700 117,861

 

418

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

U.S. Multi-Sector Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Oshkosh Corp. (I) 2,700 $ 95,526
PACCAR, Inc. (L) 5,600 293,160
Parker Hannifin Corp. 2,600 246,168
RBC Bearings, Inc. (I)(L) 2,400 91,752
Timken Company 1,700 88,910
WABCO Holdings, Inc. (I) 1,700 104,788
 
    9,943,182
Professional Services - 0.21%    
Dun & Bradstreet Corp. (L) 7,100 569,704
Huron Consulting Group, Inc. (I) 1,100 30,459
IHS, Inc., Class A (I)(L) 10,200 905,250
Kelly Services, Inc., Class A (I) 5,000 108,550
Verisk Analytics, Inc., Class A (I) 3,000 98,280
 
    1,712,243
Road & Rail - 0.16%    
AMERCO, Inc. (I) 900 87,300
Arkansas Best Corp. 6,500 168,480
Genesee & Wyoming, Inc., Class A (I) 3,000 174,600
Old Dominion Freight Line, Inc. (I) 5,000 175,450
Ryder Systems, Inc. 1,700 86,020
Union Pacific Corp. 6,700 658,811
 
    1,350,661
Trading Companies & Distributors - 0.17%    
Applied Industrial Technologies, Inc. 2,500 83,150
Fastenal Company (L) 11,600 752,028
RSC Holdings, Inc. (I)(L) 9,800 140,924
TAL International Group, Inc. 3,800 137,826
United Rentals, Inc. (I)(L) 2,600 86,528
WESCO International, Inc. (I)(L) 1,900 118,750
WW Grainger, Inc. (L) 600 82,608
 
    1,401,814
    44,448,140
Information Technology - 26.89%    
Communications Equipment - 3.54%    
Acme Packet, Inc. (I) 2,000 141,920
ADTRAN, Inc. 2,400 101,904
Aruba Networks, Inc. (I) 3,700 125,208
Cisco Systems, Inc. 604,400 10,365,460
F5 Networks, Inc. (I) 3,290 337,455
Harris Corp. (L) 5,200 257,920
Loral Space & Communications, Inc. (I) 2,000 155,100
Motorola Solutions, Inc. (I) 4,100 183,229
QUALCOMM, Inc. 313,102 17,167,383
Riverbed Technology, Inc. (I) 4,100 154,365
Seachange International, Inc. (I)(L) 9,300 88,350
Symmetricom, Inc. (I) 26,800 164,284
Tellabs, Inc. (L) 11,200 58,688
Viasat, Inc. (I)(L) 6,500 258,960
 
    29,560,226
Computers & Peripherals - 1.78%    
Apple, Inc. (I) 19,710 6,867,950
Dell, Inc. (I) 60,600 879,306
Hewlett-Packard Company 118,200 4,842,654
Lexmark International, Inc., Class A (I) 6,700 248,168
NCR Corp. (I) 8,800 165,792
NetApp, Inc. (I) 10,100 486,618
Seagate Technology PLC (I) 24,300 349,920
Western Digital Corp. (I) 27,691 1,032,597
 
    14,873,005

 

U.S. Multi-Sector Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments & Components - 0.28%  
Anixter International, Inc. (L) 1,400 $ 97,846
Arrow Electronics, Inc. (I) 2,100 87,948
Dolby Laboratories, Inc., Class A (I)(L) 16,000 787,360
FLIR Systems, Inc. 14,900 515,689
Ingram Micro, Inc., Class A (I) 17,600 370,128
Insight Enterprises, Inc. (I) 4,400 74,932
SYNNEX Corp. (I)(L) 2,600 85,098
Tech Data Corp. (I) 2,500 127,150
Trimble Navigation, Ltd. (I) 2,100 106,134
Universal Display Corp. (I) 1,900 104,576
 
    2,356,861
Internet Software & Services - 5.13%    
Akamai Technologies, Inc. (I) 3,300 125,400
AOL, Inc. (I)(L) 6,400 124,992
Earthlink, Inc. 17,400 136,242
eBay, Inc. (I) 229,000 7,108,160
Google, Inc., Class A (I) 59,335 34,782,770
IAC/InterActiveCorp (I) 2,800 86,492
j2 Global Communications, Inc. (I)(L) 2,900 85,579
OpenTable, Inc. (I) 1,100 116,985
SAVVIS, Inc. (I) 2,500 92,725
VeriSign, Inc. 2,400 86,904
 
    42,746,249
IT Services - 5.24%    
Accenture PLC, Class A 91,100 5,007,767
Amdocs, Ltd. (I) 33,700 972,245
Automatic Data Processing, Inc. 62,200 3,191,482
Broadridge Financial Solutions, Inc. 10,500 238,245
CACI International, Inc., Class A (I)(L) 1,600 98,112
Cognizant Technology    
Solutions Corp., Class A (I) 41,900 3,410,660
Computer Sciences Corp. 6,500 316,745
Convergys Corp. (I) 7,000 100,520
CoreLogic, Inc. (I) 8,400 155,400
DST Systems, Inc. 1,600 84,512
Fidelity National Information Services, Inc. 3,000 98,070
Fiserv, Inc. (I) 5,600 351,232
Global Payments, Inc. 14,400 704,448
International Business Machines Corp. 146,872 23,950,417
Jack Henry & Associates, Inc. (L) 15,200 515,128
MasterCard, Inc., Class A 5,016 1,262,628
NeuStar, Inc., Class A (I) 6,100 156,038
Paychex, Inc. (L) 67,000 2,101,120
SAIC, Inc. (I)(L) 9,500 160,740
Syntel, Inc. (L) 1,600 83,568
Total Systems Services, Inc. (L) 31,600 569,432
Unisys Corp. (I) 2,300 71,806
VeriFone Systems, Inc. (I)(L) 2,200 120,890
 
    43,721,205
Office Electronics - 0.05%    
Xerox Corp. 40,500 431,325
Semiconductors & Semiconductor Equipment - 0.34%  
Atmel Corp. (I) 14,100 192,183
Avago Technologies, Ltd. 2,900 90,190
Broadcom Corp., Class A (I) 6,400 252,032
Cree, Inc. (I) 300 13,848
First Solar, Inc. (I)(L) 1,780 286,295
Skyworks Solutions, Inc. (I)(L) 6,600 213,972
Texas Instruments, Inc. 51,100 1,766,016
 
    2,814,536
Software - 10.53%    
ACI Worldwide, Inc. (I) 3,100 101,680

 

419

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

U.S. Multi-Sector Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Activision Blizzard, Inc. (L) 7,200 $ 78,984
Adobe Systems, Inc. (I) 32,700 1,084,332
Advent Software, Inc. (I)(L) 2,800 80,276
ANSYS, Inc. (I)(L) 11,400 617,766
Ariba, Inc. (I) 3,300 112,662
BMC Software, Inc. (I) 27,000 1,342,980
Citrix Systems, Inc. (I) 21,100 1,550,006
Compuware Corp. (I) 7,300 84,315
FactSet Research Systems, Inc. (L) 9,900 1,036,827
Fortinet, Inc. (I) 2,000 88,000
Informatica Corp. (I) 18,000 940,140
Intuit, Inc. (I) 68,300 3,626,730
MICROS Systems, Inc. (I)(L) 16,600 820,538
Microsoft Corp. 1,494,636 37,903,969
MicroStrategy, Inc., Class A (I) 680 91,446
Oracle Corp. 1,025,400 34,217,598
Progress Software Corp. (I)(L) 3,300 95,997
Quest Software, Inc. (I) 18,400 467,176
Red Hat, Inc. (I) 3,600 163,404
Rovi Corp. (I) 4,300 230,695
Salesforce.com, Inc. (I) 3,450 460,851
Symantec Corp. (I) 79,000 1,464,660
Take-Two Interactive Software, Inc. (I)(L) 5,000 76,850
TIBCO Software, Inc. (I) 10,700 291,575
VMware, Inc., Class A (I) 9,400 766,476
 
    87,795,933
    224,299,340
Materials - 0.96%    
Chemicals - 0.64%    
CF Industries Holdings, Inc. 580 79,338
E.I. du Pont de Nemours & Company 26,100 1,434,717
Eastman Chemical Company 900 89,388
Ecolab, Inc. 36,600 1,867,332
FMC Corp. 2,000 169,860
Huntsman Corp. 5,500 95,590
Innophos Holdings, Inc. 1,900 87,609
Kronos Worldwide, Inc. 1,900 111,055
LSB Industries, Inc. (I) 1,300 51,532
PPG Industries, Inc. 3,200 304,672
Sigma-Aldrich Corp. (L) 13,800 878,232
The Sherwin-Williams Company 1,700 142,783
 
    5,312,108
Construction Materials - 0.01%    
Vulcan Materials Company (L) 1,900 86,640
Containers & Packaging - 0.01%    
Sealed Air Corp. 2,900 77,314
Metals & Mining - 0.18%    
Freeport-McMoRan Copper & Gold, Inc. 13,380 743,259
Globe Specialty Metals, Inc. 3,400 77,384
Kaiser Aluminum Corp. (L) 1,900 93,575
Schnitzer Steel Industries, Inc. 1,300 84,513
Southern Copper Corp. 9,900 398,673
Stillwater Mining Company (I)(L) 4,400 100,892
 
    1,498,296
Paper & Forest Products - 0.12%    
Louisiana-Pacific Corp. (I)(L) 2,100 22,050
Schweitzer-Mauduit International, Inc. 19,420 982,846
 
    1,004,896
    7,979,254

 

U.S. Multi-Sector Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Telecommunication Services - 1.95%      
Diversified Telecommunication Services - 1.85%    
AT&T, Inc.   218,005 $ 6,670,953
CenturyLink, Inc. (L)   14,500 602,475
Frontier Communications Corp.   17,800 146,316
Verizon Communications, Inc.   202,300 7,796,642
Windstream Corp. (L)   19,000 244,530
 
      15,460,916
Wireless Telecommunication Services - 0.10%    
Crown Castle International Corp. (I)   5,800 246,790
MetroPCS Communications, Inc. (I)(L)   14,100 228,984
Telephone & Data Systems, Inc.   6,700 225,790
United States Cellular Corp. (I)   1,600 82,384
 
      783,948
 
      16,244,864
Utilities - 0.16%      
Electric Utilities - 0.07%      
Edison International   2,200 80,498
Nextera Energy, Inc.   6,100 336,232
Southern Company   5,000 190,550
 
      607,280
Gas Utilities - 0.01%      
UGI Corp.   2,600 85,540
Independent Power Producers & Energy Traders - 0.02%    
NRG Energy, Inc. (I)   7,900 170,166
Multi-Utilities - 0.04%      
Ameren Corp.   5,700 159,999
Dominion Resources, Inc. (L)   4,300 192,210
 
      352,209
Water Utilities - 0.02%      
Aqua America, Inc. (L)   7,000 160,230
 
      1,375,425
TOTAL COMMON STOCKS (Cost $701,395,119) $ 817,198,270
INVESTMENT COMPANIES - 0.64%      
Financials - 0.64%      
SPDR S&P 500 ETF Trust (L)   40,293 5,339,225
TOTAL INVESTMENT COMPANIES (Cost $4,963,439) $ 5,339,225
SECURITIES LENDING COLLATERAL - 6.65%    
John Hancock Collateral      
Investment Trust, 0.2867% (W)(Y)   5,543,996 55,478,215
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $55,479,532)   $ 55,478,215
SHORT-TERM INVESTMENTS - 1.23%    
Money Market Funds* - 1.23%      
State Street Institutional Treasury Money      
Market Fund, 0.0027% $ 10,246,473 $ 10,246,473
TOTAL SHORT-TERM INVESTMENTS (Cost $10,246,473) $ 10,246,473
Total Investments (U.S. Multi-Sector Trust)    
(Cost $772,084,563) - 106.50%   $ 888,262,183
Other assets and liabilities, net - (6.50%)     (54,192,047)
 
TOTAL NET ASSETS - 100.00%   $ 834,070,136

 

420

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Utilities Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 93.15%    
Consumer Discretionary - 7.68%    
Media - 7.68%    
Comcast Corp., Special Class A 228,230 $ 5,299,501
DIRECTV, Class A (I) 6,450 301,860
Time Warner Cable, Inc. 36,690 2,617,465
Viacom, Inc., Class B 14,510 675,005
Virgin Media, Inc. (L) 203,620 5,658,600
 
    14,552,431
    14,552,431
Energy - 14.61%    
Oil, Gas & Consumable Fuels - 14.61%    
El Paso Corp. 346,476 6,236,565
EOG Resources, Inc. 4,310 510,778
EQT Corp. (L) 84,740 4,228,526
Kinder Morgan, Inc. (I) 50,550 1,498,302
Occidental Petroleum Corp. (I) 9,680 1,011,463
QEP Resources, Inc. 112,871 4,575,790
Southern Union Company 49,320 1,411,538
Spectra Energy Corp. (L) 84,010 2,283,392
The Williams Companies, Inc. 189,621 5,912,383
 
    27,668,737
    27,668,737
Financials - 0.74%    
Capital Markets - 0.74%    
Hutchison Port Holdings Trust 1,408,000 1,393,920
Telecommunication Services - 21.97%    
Diversified Telecommunication Services - 9.36%    
Bezek Israeli Telecommunications Corp., Ltd. 468,030 1,386,176
CenturyLink, Inc. (L) 27,050 1,123,928
Deutsche Telekom AG 6,080 93,945
France Telecom SA 50,453 1,131,762
Koninklijke (Royal) KPN NV 144,854 2,470,158
Portugal Telecom SGPS SA (I) 184,727 2,136,263
Qwest Communications International, Inc. 181,480 1,239,508
TDC A/S (I) 244,744 1,984,129
Tele2 AB, Series B 4,167 96,473
Telecom Italia SpA 1,123,303 1,512,849
Telenet Group Holding NV 56,225 2,634,802
Telenor ASA 61,970 1,019,830
Xl Axiata Tbk Pt (I) 1,429,500 894,882
 
    17,724,705
Wireless Telecommunication Services - 12.61%    
America Movil SAB de CV,    
Series L, ADR (L) 16,180 940,058
American Tower Corp., Class A (I) 30,980 1,605,384
Cellcom Israel, Ltd. (L) 136,230 4,511,938
Crown Castle International Corp. (I)(L) 14,900 633,995
Mobile TeleSystems, SADR 108,595 2,305,472
MTN Group, Ltd. 64,091 1,293,402
NII Holdings, Inc. (I) 78,540 3,272,762
Partner Communications    
Company, Ltd., ADR 89,430 1,700,064
Tim Participacoes SA, ADR (L) 42,600 1,859,490
Vivo Participacoes SA, ADR (I)(L) 108,875 4,396,373
Vodafone Group PLC 484,075 1,370,616
 
    23,889,554
    41,614,259
Utilities - 48.15%    
Electric Utilities - 19.86%    
American Electric Power Company, Inc. 94,000 3,303,160

 

Utilities Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electric Utilities (continued)    
CEZ AS 73,014 $ 3,730,782
Cia Paranaense de Energia, SADR 35,340 982,099
DPL, Inc. (I)(L) 54,870 1,503,987
E.ON AG 30,564 933,878
Edison International 56,170 2,055,260
Electricidade de Portugal SA 949,969 3,702,624
Empresa Electrica Del Norte Grande Sa 430,250 1,098,032
Enersis SA, SADR (L) 67,130 1,397,647
Entergy Corp. 21,950 1,475,260
EVN AG (L) 12,968 242,127
Fortum OYJ (L) 62,147 2,113,654
Light SA 85,040 1,468,856
Nextera Energy, Inc. 86,640 4,775,597
Northeast Utilities 50,980 1,763,908
NV Energy, Inc. 62,590 931,965
Oesterreichische Elektrizitaets AG, Class A 2,260 100,359
PPL Corp. 75,251 1,903,850
Red Electrica De Espana 54,786 3,111,899
Scottish & Southern Energy PLC 50,713 1,025,871
 
    37,620,815
Gas Utilities - 2.90%    
AGL Resources, Inc. (L) 28,600 1,139,424
Enagas SA 111,796 2,521,518
Questar Corp. 89,151 1,555,685
UGI Corp. 8,600 282,940
 
    5,499,567
Independent Power Producers & Energy Traders - 9.84%  
Calpine Corp. (I)(L) 162,710 2,582,208
China Hydroelectric Corp., ADR (I)(L) 44,940 326,264
Constellation Energy Group, Inc. 95,331 2,967,654
EDP Renovaveis SA (I) 181,011 1,301,209
Enel Green Power SpA 35,437 98,362
GenOn Energy, Inc. (I) 45,760 174,346
International Power PLC (I) 463,602 2,290,475
NRG Energy, Inc. (I)(L) 96,202 2,072,191
The AES Corp. (I) 343,970 4,471,610
Tractebel Energia SA 139,000 2,349,799
 
    18,634,118
Multi-Utilities - 14.10%    
Alliant Energy Corp. 27,200 1,058,896
CenterPoint Energy, Inc. 148,980 2,616,089
CMS Energy Corp. (L) 287,900 5,654,356
National Grid PLC 374,357 3,575,809
NiSource, Inc. (L) 73,290 1,405,702
OGE Energy Corp. 45,530 2,301,997
PG&E Corp. 80,310 3,548,096
Public Service Enterprise Group, Inc. 128,600 4,052,186
Sempra Energy 22,320 1,194,120
Wisconsin Energy Corp. 18,260 556,930
Xcel Energy, Inc. 30,630 731,751
 
    26,695,932
Water Utilities - 1.45%    
American Water Works Company, Inc. 51,470 1,443,734
Cia de Saneamento de Minas Gerais 76,800 1,293,602
 
    2,737,336
 
    91,187,768
TOTAL COMMON STOCKS (Cost $141,959,875) $ 176,417,115

 

421

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Utilities Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
PREFERRED SECURITIES - 4.03%    
Utilities - 4.03%    
Electric Utilities - 3.22%    
Cia Paranaense de Energia 30,300 824,938
Eletropaulo Metropolitana Eletricidade de    
Sao Paulo SA 89,300 1,974,538
Great Plains Energy, Inc., 12.000% 13,420 866,261
Nextera Energy, Inc., 7.000% 21,880 1,104,940
PPL Corp., 9.500% 24,900 1,325,676
 
    6,096,353
Independent Power Producers & Energy Traders - 0.81%    
AES Tiete SA 100,736 1,530,183
 
    7,626,536
TOTAL PREFERRED SECURITIES (Cost $6,301,903) $ 7,626,536
 
CORPORATE BONDS - 0.24%    
Utilities - 0.24%    
Independent Power Producers & Energy Traders - 0.24%    
GenOn Escrow Corp.    
9.875%, 10/15/2020 (S) $ 425,000 $ 444,125
TOTAL CORPORATE BONDS (Cost $424,607) $ 444,125
 
CONVERTIBLE BONDS - 0.63%    
Consumer Discretionary - 0.63%    
Media - 0.63%    
Virgin Media, Inc.    
6.500%, 11/15/2016 $ 708,000 $ 1,199,175
TOTAL CONVERTIBLE BONDS (Cost $744,521) $ 1,199,175
 
SECURITIES LENDING COLLATERAL - 15.76%    
John Hancock Collateral    
Investment Trust, 0.2867% (W)(Y) 2,982,720 29,847,783
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $29,848,693) $ 29,847,783
 
SHORT-TERM INVESTMENTS - 2.24%    
Repurchase Agreement - 2.24%    
Repurchase Agreement with State    
Street Corp. dated 03/31/2011 at 0.010% to    
be repurchased at $4,239,001 on    
04/01/2011, collateralized by $4,325,000    
Federal National Mortgage Association,    
0.010% due 05/02/2011 (valued at    
$4,325,000, including interest) $ 4,239,000 $ 4,239,000
TOTAL SHORT-TERM INVESTMENTS (Cost $4,239,000) $ 4,239,000
Total Investments (Utilities Trust)    
(Cost $183,518,599) - 116.05% $ 219,773,734
Other assets and liabilities, net - (16.05%)   (30,391,233)
TOTAL NET ASSETS - 100.00% $ 189,382,501
 
 
 
Value Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 93.41%    
Consumer Discretionary - 13.70%    
Automobiles - 3.11%    
Harley-Davidson, Inc. 216,968 $ 9,218,970

 

Value Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure - 2.39%    
Darden Restaurants, Inc. 144,361 $ 7,092,456
Household Durables - 6.42%    
Mohawk Industries, Inc. (I) 89,851 5,494,389
Newell Rubbermaid, Inc. 465,774 8,910,257
Whirlpool Corp. 54,167 4,623,695
 
    19,028,341
Specialty Retail - 1.78%    
Staples, Inc. 271,961 5,281,483
 
    40,621,250
Consumer Staples - 7.86%    
Beverages - 1.02%    
Coca-Cola Enterprises, Inc. 111,018 3,030,791
Food & Staples Retailing - 3.20%    
Safeway, Inc. 189,919 4,470,693
Sysco Corp. 180,435 4,998,050
 
    9,468,743
Food Products - 2.13%    
ConAgra Foods, Inc. 266,006 6,317,643
Personal Products - 1.51%    
Avon Products, Inc. 165,594 4,477,662
 
    23,294,839
Energy - 9.59%    
Oil, Gas & Consumable Fuels - 9.59%    
El Paso Corp. 575,717 10,362,906
Murphy Oil Corp. 42,901 3,149,791
Pioneer Natural Resources Company 62,146 6,333,920
The Williams Companies, Inc. 275,061 8,576,402
 
    28,423,019
 
    28,423,019
Financials - 18.58%    
Capital Markets - 4.32%    
Northern Trust Corp. 126,435 6,416,576
The Charles Schwab Corp. 354,073 6,383,936
 
    12,800,512
Commercial Banks - 6.62%    
BB&T Corp. 178,374 4,896,366
Comerica, Inc. 124,610 4,575,679
First Horizon National Corp. (I) 239,521 2,685,030
Wintrust Financial Corp. 131,511 4,833,029
Zions Bancorporation 114,384 2,637,695
 
    19,627,799
Insurance - 6.15%    
ACE, Ltd. 94,202 6,094,869
Marsh & McLennan Companies, Inc. 203,850 6,076,769
Willis Group Holdings PLC 150,420 6,070,951
 
    18,242,589
Real Estate Investment Trusts - 1.49%    
Weingarten Realty Investors 176,500 4,423,090
 
    55,093,990
Health Care - 6.77%    
Health Care Equipment & Supplies - 0.59%    
Teleflex, Inc. 30,242 1,753,431
Health Care Providers & Services - 6.18%    
Brookdale Senior Living, Inc. (I) 275,574 7,716,072
Healthsouth Corp. (I) 275,950 6,893,231

 

422

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Value Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
Henry Schein, Inc. (I) 52,877 $ 3,710,379
    18,319,682
    20,073,113
Industrials - 11.07%    
Aerospace & Defense - 2.47%    
Goodrich Corp. 85,653 7,325,901
Commercial Services & Supplies - 2.68%    
Avery Dennison Corp. 189,672 7,958,637
Electrical Equipment - 1.63%    
The Babcock & Wilcox Company (I) 144,810 4,833,758
Machinery - 3.64%    
Snap-On, Inc. 179,604 10,787,019
Road & Rail - 0.65%    
Swift Transporation Company (I) 130,217 1,914,190
 
    32,819,505
Information Technology - 8.37%    
Computers & Peripherals - 2.09%    
Diebold, Inc. 174,642 6,192,805
Electronic Equipment, Instruments & Components - 0.89%  
Flextronics International, Ltd. (I) 352,747 2,635,020
IT Services - 2.48%    
Fidelity National Information Services, Inc. 224,835 7,349,856
Office Electronics - 2.91%    
Zebra Technologies Corp., Class A (I) 220,126 8,637,744
 
    24,815,425
Materials - 7.84%    
Chemicals - 5.83%    
PPG Industries, Inc. 33,535 3,192,867
Valspar Corp. 161,575 6,317,583
W.R. Grace & Company (I) 202,760 7,763,680
 
    17,274,130
Containers & Packaging - 2.01%    
Sonoco Products Company 164,585 5,962,915
 
    23,237,045
Telecommunication Services - 2.17%    
Diversified Telecommunication Services - 2.17%    
TW Telecom, Inc. (I) 334,652 6,425,318
Utilities - 7.46%    
Electric Utilities - 4.67%    
Edison International 216,241 7,912,258
Great Plains Energy, Inc. 296,123 5,928,382
 
    13,840,640
Multi-Utilities - 2.79%    
CenterPoint Energy, Inc. 163,301 2,867,566
Wisconsin Energy Corp. 177,691 5,419,576
 
    8,287,142
    22,127,782
TOTAL COMMON STOCKS (Cost $209,093,609) $ 276,931,286

 

Value Trust (continued)        
    Shares or    
    Principal    
    Amount   Value
 
SHORT-TERM INVESTMENTS - 6.33%        
Money Market Funds* - 6.33%        
State Street Institutional Liquid Reserves        
Fund, 0.1855% $ 18,759,921 $ 18,759,921
TOTAL SHORT-TERM INVESTMENTS (Cost $18,759,921) $ 18,759,921
Total Investments (Value Trust) (Cost $227,853,530) - 99.74% $ 295,691,207
Other assets and liabilities, net - 0.26%       772,133
 
TOTAL NET ASSETS - 100.00%     $ 296,463,340
 
 
 
Value & Restructuring Trust      
    Shares or    
    Principal    
    Amount   Value
 
COMMON STOCKS - 97.67%        
Consumer Discretionary - 5.61%        
Automobiles - 0.98%        
Ford Motor Company (I)   259,000 $ 3,861,690
Household Durables - 2.45%        
Newell Rubbermaid, Inc.   206,750   3,955,128
Stanley Black & Decker, Inc. (L)   74,800   5,729,680
 
        9,684,808
Specialty Retail - 2.18%        
TJX Companies, Inc.   173,200   8,613,236
 
        22,159,734
Consumer Staples - 5.30%        
Food Products - 0.15%        
Dole Food Company, Inc. (I)(L)   42,713   582,178
Personal Products - 0.80%        
Avon Products, Inc.   118,000   3,190,720
Tobacco - 4.35%        
Lorillard, Inc.   181,000   17,196,810
 
        20,969,708
Energy - 23.69%        
Oil, Gas & Consumable Fuels - 23.69%        
Alpha Natural Resources, Inc. (I)(L)   258,200   15,329,334
Anadarko Petroleum Corp.   103,800   8,503,296
Apache Corp.   14,400   1,885,248
ConocoPhillips   149,900   11,971,014
CONSOL Energy, Inc. (L)   232,000   12,442,160
Devon Energy Corp.   141,600   12,994,632
Kinder Morgan, Inc.   56,600   1,677,624
Murphy Oil Corp.   49,000   3,597,580
Noble Energy, Inc.   102,400   9,896,960
Petrohawk Energy Corp. (I)   85,500   2,098,170
Petroleo Brasileiro SA, ADR   328,000   13,261,040
 
        93,657,058
 
        93,657,058
Financials - 13.98%        
Capital Markets - 3.96%        
Apollo Investment Corp.   248,482   2,996,693
Invesco, Ltd.   272,000   6,952,320
The Goldman Sachs Group, Inc.   35,925   5,693,035
 
        15,642,048
Commercial Banks - 1.21%        
PNC Financial Services Group, Inc.   76,100   4,793,539

 

423

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Value & Restructuring Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Diversified Financial Services - 1.79%    
JPMorgan Chase & Company 153,450 $ 7,074,045
Insurance - 6.40%    
ACE, Ltd. 175,400 11,348,380
AIA Group, Ltd. (I) 761,347 2,347,344
Loews Corp. 105,600 4,550,304
MetLife, Inc. 157,400 7,040,502
 
    25,286,530
Real Estate Investment Trusts - 0.62%    
Weyerhaeuser Company (L) 99,800 2,455,080
 
    55,251,242
Health Care - 5.37%    
Health Care Equipment & Supplies - 0.94%    
Baxter International, Inc. 69,100 3,715,507
Health Care Providers & Services - 2.60%    
AmerisourceBergen Corp. 260,100 10,289,556
Pharmaceuticals - 1.83%    
Pfizer, Inc. 228,902 4,649,000
Warner Chilcott PLC, Class A 110,797 2,579,354
 
    7,228,354
    21,233,417
Industrials - 16.95%    
Aerospace & Defense - 3.57%    
AerCap Holdings NV (I) 300,775 3,780,742
Bombardier, Inc. 295,690 2,161,494
United Technologies Corp. 96,350 8,156,028
 
    14,098,264
Airlines - 1.47%    
Copa Holdings SA, Class A 110,245 5,820,936
Construction & Engineering - 0.69%    
Aecom Technology Corp. (I) 98,650 2,735,565
Electrical Equipment - 0.12%    
Sensata Technologies Holding NV (I) 14,000 486,220
Industrial Conglomerates - 1.53%    
Tyco International, Ltd. 135,200 6,052,904
Machinery - 4.40%    
AGCO Corp. (I)(L) 121,600 6,684,352
Eaton Corp. 193,000 10,699,920
 
    17,384,272
Professional Services - 0.37%    
Nielsen Holdings NV (I)(L) 53,000 1,447,430
Road & Rail - 4.80%    
Union Pacific Corp. 192,900 18,967,854
 
    66,993,445
Information Technology - 7.59%    
Communications Equipment - 2.83%    
Harris Corp. (L) 225,500 11,184,800
Electronic Equipment, Instruments & Components - 0.56%  
Corning, Inc. 107,600 2,219,788
IT Services - 3.67%    
International Business Machines Corp. 78,600 12,817,302
Visa, Inc., Class A 23,000 1,693,260
 
    14,510,562
Office Electronics - 0.53%    
Xerox Corp. 195,000 2,076,750
 
    29,991,900

 

Value & Restructuring Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Materials - 14.95%    
Chemicals - 6.28%    
Celanese Corp., Series A 282,300 $ 12,525,651
Lanxess AG (I) 101,650 7,603,771
Methanex Corp. 71,300 2,226,699
PPG Industries, Inc. 25,800 2,456,418
 
    24,812,539
Metals & Mining - 8.67%    
Freeport-McMoRan Copper & Gold, Inc. 173,600 9,643,480
Grupo Mexico SAB de CV, Series B 1,437,000 5,388,244
Schnitzer Steel Industries, Inc. 68,000 4,420,680
Southern Copper Corp. (L) 247,900 9,982,933
Vale SA, SADR (L) 145,700 4,859,095
 
    34,294,432
    59,106,971
Telecommunication Services - 4.23%    
Diversified Telecommunication Services - 0.47%    
Windstream Corp. (L) 144,000 1,853,280
Wireless Telecommunication Services - 3.76%    
America Movil SAB de CV, Series L, ADR 255,900 14,867,790
 
    16,721,070
TOTAL COMMON STOCKS (Cost $298,115,096) $ 386,084,545
PREFERRED SECURITIES - 1.71%    
Consumer Staples - 0.46%    
Food Products - 0.46%    
2009 Dole Food ACES (S) 144,600 1,836,420
Energy - 0.35%    
Oil, Gas & Consumable Fuels - 0.35%    
Apache Corp., Series D, 6.000% (L) 19,500 1,381,770
Financials - 0.90%    
Diversified Financial Services - 0.47%    
Citigroup, Inc., 7.500% 14,500 1,834,250
Insurance - 0.43%    
Hartford Financial Services Group, Inc.,    
Series F, 7.250% (L) 65,500 1,708,240
 
    3,542,490
TOTAL PREFERRED SECURITIES (Cost $6,075,468) $ 6,760,680
CONVERTIBLE BONDS - 0.25%    
Financials - 0.25%    
Capital Markets - 0.25%    
Apollo Investment Corp.    
5.750%, 01/15/2016 (S) $ 953,000 $ 1,000,650
TOTAL CONVERTIBLE BONDS (Cost $939,161) $ 1,000,650
WARRANTS - 0.25%    
Hartford Financial Services Group, Inc.    
(Expiration Date: 06/26/2019, Strike    
Price: $9.79) (I) 53,000 $ 972,020
TOTAL WARRANTS (Cost $736,165) $ 972,020

 

424

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — March 31, 2011 (Unaudited) (showing percentage of total net assets)

Value & Restructuring Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
SECURITIES LENDING COLLATERAL - 11.44%  
John Hancock Collateral    
Investment Trust, 0.2867% (W)(Y) 4,517,971 $ 45,210,888
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $45,210,951) $ 45,210,888
Total Investments (Value & Restructuring Trust)    
(Cost $351,076,841) - 111.32% $ 440,028,783
Other assets and liabilities, net - (11.32%)   (44,753,739)
TOTAL NET ASSETS - 100.00% $ 395,275,044

 

Footnotes

Percentages are stated as a percent of net assets.

Key to Currency Abbreviations
 
ARS - Argentine Peso
AUD - Australian Dollar
BHD - Bahraini Dinar
BRL - Brazilian Real
CAD - Canadian Dollar
CHF - Swiss Franc
DKK - Danish Krone
EUR - Euro
GBP - British Pound
HKD - Hong Kong Dollar
INR - Indian Rupee
IDR - Indonesian Rupiah
JPY - Japanese Yen
KRW - Korean Won
MXN - Mexican Peso
MYR - Malaysian Ringgit
NZD - New Zealand Dollar
NOK - Norwegian Kroner
PHP - Philippine Peso
SGD - Singapore Dollar
SEK - Swedish Krona
ZAR - South African Rand
 
Key to Security Abbreviations and Legend
 
ADR - American Depositary Receipts
EURIBOR - Euro Interbank Offered Rate
GDR - Global Depositary Receipts
IO - Interest Only (Interest Tranche of Stripped Mortgage Pool)
LIBOR - London Interbank Offered Rate
PIK - Paid In Kind
PO - Principal-Only Security
SADR - Sponsored American Depositary Receipts
SPDR - Standard & Poor’s Depositary Receipts
TBA - To Be Announced
(A) The subadviser is an affiliate of the adviser.
(B) Security is linked to Republic of Argentina Gross Domestic
Product (GDP).
(E) All or portion of this security is pledged to meet the margin
requirements for written options.
(F) All or portion of this security is held at a broker to meet the
margin requirements for futures contracts.
(G) The Fund’s sub-adviser is shown parenthetically.
(H) Non-income producing - Issuer is in default.
(I) Non-income producing security.
 
 
(J) These securities are issued under the Temporary Liquidity
Guarantee Program and are insured by the Federal Deposit
Insurance Corporation until the earlier of the maturity date
or 6-30-12.
(L) All or a portion of the security is on loan as of March 31, 2011.
(M) Term loans are variable rate obligations. The coupon rate shown
represents the rate at period end unless the investment is unsettled.
(O) The investment is an affiliate of the fund, the adviser and/or
the subadviser.
(P) Variable rate obligation. Securities reset coupon rates periodically.
The coupon rate shown represents the rate at period end.
(Q) Perpetual bonds have no stated maturity date. Date shown is next
call date.
(R) Direct placement securities are restricted to resale and the Fund has
limited rights to registration under the Securities Act of 1933.
(S) The securities are exempt from registration under Rule 144A of the
Securities Act of 1933. Such securities may be resold to qualified
institutional buyers, in transactions exempt from registration.
(T) All or a portion of this security represents an unsettled term loan
commitment. Rate will be determined at time of settlement.
(W) Investment is an affiliate of the Fund, the adviser and/or subadviser.
Also, it represents the investment of securities lending
collateral received.
(Y) The rate shown is the annualized seven-day yield as of
March 31, 2011.
* Yield represents either the annualized yield at the date of purchase,
the stated coupon rate or, for floating rate securities, the rate at
period end.
(1) Manulife Asset Management (US) LLC is doing business as John
Hancock Asset Management.
(2) Manulife Asset Management (North America) Limited is doing
business as John Hancock Asset Management.

 

425

 


Notes to Portfolio of Investments (Unaudited)

Effective May 2, 2011, John Hancock Trust will change its name to John Hancock Variable Insurance Trust (JHVIT).

Security valuation. Investments are stated at value as of the close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. The Portfolios use a three-tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities. Level 2 includes securities valued using significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Portfolio’s own assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

As of March 31, 2011, for All Cap Core Trust, All Cap Value Trust, American Asset Allocation Trust, American Blue Chip Income & Growth Trust, American Bond Trust, American Fundamental Holdings Trust, American Global Diversification Trust, American Global Growth Trust, American Global Small Capitalization Trust, American Growth Trust, American Growth-Income Trust, American High-Income Trust, American International Trust, American New World Trust, Core Allocation Trust, Core Balanced Trust, Core Balanced Strategy Trust, Core Disciplined Diversification Trust, Core Diversified Growth & Income Trust, Core Fundamental Holdings Trust, Core Global Diversification Trust, Core Strategy Trust, Franklin Templeton Founding Allocation Trust, Lifestyle Aggressive Trust, Lifestyle Balanced Trust, Lifestyle Conservation Trust, Lifestyle Growth Trust, Lifestyle Moderate Trust, Small Company Growth Trust, U.S. Multi Sector Trust and Value Trust, all investments are categorized as Level 1 under the hierarchy described above.

For 500 Index Trust, 500 Index Trust B, Growth Equity Trust, Large Cap Trust, Mid Cap Index Trust, Optimized Value Trust, Real Estate Securities Trust and Small Cap Value Trust, all investments are categorized as Level 1 under the hierarchy described above except for repurchase agreements and/or short term discount notes which are categorized as Level 2.

For Mid Cap Value Equity Trust, all investments are categorized as Level 1 under the hierarchy described above except for repurchase agreements and convertible bonds which are categorized as Level 2.

For Small Cap Opportunities Trust and Small Company Value Trust, all investments are categorized as Level 1 under the hierarchy described above except for Rights and/or Preferred Securities which are categorized as Level 2.

For Money Market Trust and Money Market Trust B, all investments are categorized as Level 2 under the hierarchy described above.

For Total Bond Market Trust A and Total Bond Market Trust B, all investments are categorized as Level 2 under the hierarchy described above except for securities lending collateral and/or money market investments which are categorized as Level 1.

426

 


For Bond Trust, all investments are categorized as Level 2 under the hierarchy described above except for future contracts and securities lending collateral investments which are categorized as Level 1.

The following is a summary of the values by input classification of the Portfolio’s investments as of March 31, 2011, by major security category or type:

      Level 2 Significant  
  Total Market Value at 3-31-11 Level 1 Quoted Price Observable Inputs Level 3 Significant Unobservable Inputs
Active Bond Trust        
U.S. Government & Agency Obligations $255,320,174 — $255,320,174 —
Foreign Government Obligations 10,632,627 — 10,632,627 —
Corporate Bonds 656,223,143 — 653,336,899 $2,886,244
Capital Preferred Securities 37,475,746 — 37,475,746 —
Convertible Bonds 2,183,425 — 2,183,425 —
Term Loans 7,355,088 — 4,805,088 2,550,000
Municipal Bonds 7,551,822 — 7,551,822 —
Collateralized Mortgage Obligations 278,494,327 — 268,079,724 10,414,603
Asset Backed Securities 53,319,290 — 47,155,667 6,163,623
Common Stocks 109,797 — 36,671 73,126
Preferred Securities 7,118459 $3,850,050 1,841,151 1,427,258
Securities Lending Collateral 12,291,894 12,291,894 — —
Short-Term Investments 3,469,664 3,469,664 — —
 
Total Investments in Securities $1,331,545,456 $19,611,608 $1,288,418,994 $23,514,854
Futures $11,663 $11,663 — —
Forward Foreign Currency Contracts $21,044 — $21,044 —
Credit Default Swaps $214,327 — $214,327 —
 
Alpha Opportunities Trust        
Common Stocks        
Consumer Discretionary $151,339,671 $144,966,891 $6,372,780 —
Consumer Staples 70,471,526 61,444,812 9,026,714 —

 

427

 


Energy 110,500,238 96,521,004 13,979,234 —
Financials 115,558,906 97,242,174 18,316,732 —
Health Care 105,108,900 102,762,925 2,345,975 —
Industrials 109,131,481 95,367,714 13,763,767 —
Information Technology 172,482,426 164,813,158 7,669,268 —
Materials 86,140,573 69,566,329 16,574,244 —
Telecommunication Services 4,110,369 3,537,053 573,316 —
Utilities 3,151,162 3,151,162 — —
Affiliated Investment Companies 2,908,710 2,908,710 — —
Securities Lending Collateral 137,455,384 137,455,384 — —
Short-Term Investments        
Repurchase Agreement 24,800,000 — 24,800,000 —
 
Total Investments in Securities $1,093,159,346 $979,737,316 $113,422,030 —
Other Financial Instruments:        
Forward Foreign Currency Contracts $234,440 — $234,440 —
 
Balanced Trust        
Common Stocks        
Consumer Discretionary $12,900,295 $10,804,177 $2,096,118 —
Consumer Staples 3,686,753 2,385,988 1,300,765 —
Energy 8,302,611 7,672,387 630,224 —
Financials 13,248,549 9,910,036 3,265,972 $72,541
Health Care 5,819,088 4,890,045 929,043 —
Industrials 11,142,554 9,090,717 2,051,837 —
Information Technology 12,388,632 11,028,687 1,266,620 93,325
Materials 4,340,241 3,153,573 1,186,668 —
Telecommunication Services 2,459,113 1,830,388   —

 

428

 


      628,725  
 
Utilities 2,883,336 2,396,433 486,903 —
Preferred Securities 321,288 173,520 147,768 —
U.S. Government & Agency Obligations 26,422,627 — 26,422,627 —
Foreign Government Obligations 420,361 — 420,361 —
Corporate Bonds 7,604,474 — 7,604,474 —
Municipal Bonds 268,201 — 268,201 —
Collateralized Mortgage Obligations 1,329,814 — 1,329,814 —
Asset Backed Securities 497,911 — 497,911 —
Investment Companies 16,985 16,985 — —
Securities Lending Collateral 1,795,069 1,795,069 — —
Short-Term Investments 1,072,484 1,072,484 — —
 
Total Investments in Securities $116,920,386 $66,220,489 $50,534,031 $165,866
 
Blue Chip Growth Trust        
Common Stocks        
Consumer Discretionary $395,346,491 $395,346,491 — —
Consumer Staples 5,751,793 5,044,474 $707,319 —
Energy 171,872,536 171,872,536 — —
Financials 209,358,838 208,615,172 743,666 —
Health Care 138,954,936 138,954,936 — —
Industrials 294,139,962 294,139,962 — —
Information Technology 557,549,999 530,340,232 20,533,717 $6,676,050
Materials 75,667,147 75,667,147 — —
Telecommunication Services 29,917,654 29,917,654 — —
Securities Lending Collateral 65,532,534 65,532,534 — —
Short-Term Investments 9,735,480 9,735,480 — —
 
Total Investments in Securities $1,953,827,370 $1,925,166,618 $21,984,702 $6,676,050

 

429

 


Capital Appreciation Trust        
Common Stocks        
Consumer Discretionary $240,591,258 $221,142,364 $19,448,894 —
Consumer Staples 63,584,157 63,584,157 — —
Energy 71,128,903 71,128,903 — —
Financials 44,187,980 44,187,980 — —
Health Care 149,886,000 149,886,000 — —
Industrials 118,605,144 118,605,144 — —
Information Technology 399,644,490 394,788,846 4,855,644 —
Materials 41,354,121 41,354,121 — —
Telecommunication Services 15,836,136 15,836,136 — —
Securities Lending Collateral 43,454,801 43,454,801 — —
Short-Term Investments 1,044,744 1,044,744 — —
 
Total Investments in Securities $1,189,317,734 $1,165,013,196 $24,304,538 —
 
Capital Appreciation Value Trust        
Common Stocks        
Consumer Discretionary $24,721,217 $24,548,583 $172,634 —
Consumer Staples 38,897,182 38,796,308 100,874 —
Energy 22,535,328 17,769,665 4,765,663 —
Financials 38,525,254 38,525,254 — —
Health Care 27,750,675 27,750,675 — —
Industrials 32,206,487 27,276,475 4,930,012 —
Information Technology 29,644,339 29,644,339 — —
Materials 6,425,334 6,425,334 — —
Telecommunication Services 5,997,600 5,997,600 — —
Utilities 3,753,825 3,753,825 — —
Preferred Securities        
Consumer Discretionary 2,845,820 2,845,820 — —
Consumer Staples 430,000 — 430,000 —
Energy 73,050 73,050 — —

 

430

 


Financials 3,947,100 3,947,100 — —
Corporate Bonds        
Consumer Discretionary 5,867,574 — 5,867,574 —
Consumer Staples 493,547 — 493,547 —
Energy 4,128,308 — 4,128,308 —
Financials 1,750,673 — 1,750,673 —
Health Care 1,167,217 — 1,167,217 —
Industrials 3,637,940 — 3,637,940 —
Information Technology 2,786,528 — 2,786,528 —
Materials 469,313 — 469,313 —
Telecommunication Services 6,367,479 — 6,367,479 —
Utilities 2,545,280 — 2,545,280 —
Convertible Bonds        
Consumer Discretionary 2,342,674 — 2,342,674 —
Energy 1,633,693 — 1,633,693 —
Financials 1,333,665 — 1,333,665 —
Industrials 110,438 — 110,438 —
Information Technology 2,815,484 — 2,815,484 —
Materials 2,140,068 — 2,140,068 —
Telecommunication Services 261,060 — 261,060 —
Term Loans        
Consumer Discretionary 21,352,994 — 21,352,994 —
Consumer Staples 2,714,699 — 2,714,699 —
Financials 1,302,089 — 1,302,089 —
Health Care 946,301 —   —

 

431

 


      946,301  
Industrials 496,250 — 496,250 —
Information Technology 1,362,457 — 1,362,457 —
Materials 1,478,727 — 1,478,727 —
Securities Lending Collateral 23,017,213 23,017,213 — —
Short-Term Investments 50,501,615 49,890,615 611,000 —
 
Total Investments in Securities $380,776,497 $300,261,856 $80,514,641 —
Other Financial Instruments:        
Written Options ($896,066) ($896,066) — —
 
Core Allocation Plus Trust        
Common Stocks        
Consumer Discretionary $23,386,361 $16,065,334 $7,321,027 —
Consumer Staples 10,693,934 9,298,203 1,395,731 —
Energy 18,292,791 16,661,302 1,631,489 —
Financials 20,022,366 14,769,554 5,252,812 —
Health Care 12,835,546 11,355,374 1,480,172 —
Industrials 18,166,887 13,249,125 4,917,762 —
Information Technology 33,713,196 30,566,971 3,146,225 —
Materials 15,509,769 11,782,540 3,727,229 —
Telecommunication Services 3,643,670 1,867,114 1,776,556 —
Utilities 3,716,944 3,362,697 354,247 —
U.S. Government & Agency Obligations 26,496,373 — 26,496,373 —
Foreign Government Obligations 685,230 — 685,230 —
Corporate Bonds 39,163,373 — 39,163,373 —
Capital Preferred Securities 172,713 — 172,713 —

 

432

 


Municipal Bonds 2,367,915 — 2,367,915 —
Collateralized Mortgage Obligations 6,613,445 — 6,613,445 —
Asset Backed Securities 455,295 — 455,295 —
Securities Lending Collateral 30,229,215 30,229,215 — —
Short-Term Investments        
Repurchase Agreement 35,400,000 — 35,400,000 —
 
Total Investments in Securities $301,565,023 $159,207,429 $142,357,594 —
Other Financial Instruments:        
Futures ($44,242) ($44,242) — —
Forward Foreign Currency Contracts $35,616 — $35,616 —
Credit Default Swaps $117,318 — $117,318 —
 
Core Bond Trust        
U.S. Government & Agency Obligations $992,255,506 — $969,651,508 $22,603,998
Foreign Government Obligations 34,525,100 — 34,525,100 —
Corporate Bonds 364,477,164 — 364,477,164 —
Municipal Bonds 19,281,604 — 19,281,604 —
Capital Preferred Securities 3,299,441 — 3,299,441 —
Collateralized Mortgage Obligations 411,739,402 — 407,027,209 4,712,193
Asset Backed Securities 133,619,065 — 130,330,017 3,289,048
Securities Lending Collateral 50,475,496 $50,475,496 — —
Short-Term Investments 28,899,901 28,899,901 — —
 
Total Investments in Securities $2,038,572,679 $79,375,397 $1,928,592,043 $30,605,239
TBA Sale Commitments Outstanding ($27,909,847) — ($27,909,847) —
 
Disciplined Diversification Trust        
Common Stocks        
Australia $6,223,652 $741,944 $5,473,375 $8,333
Austria 485,891 —   —

 

433

 


      485,891  
Bahamas 9,252 9,252 — —
Belgium 845,460 57,183 788,277 —
Bermuda 1,461,585 1,295,798 165,787 —
Brazil 3,256,548 3,256,548 — —
Canada 8,763,719 8,763,719 — —
Cayman Islands 385,836 310,281 75,555 —
Chile 563,818 563,818 — —
China 2,814,038 346,219 2,467,819 —
Colombia 80,127 80,127 — —
Cyprus 22,024 13,627 8,397 —
Czech Republic 84,857 — 84,857 —
Denmark 824,961 202,084 622,877 —
Egypt 19,357 19,357 — —
Finland 1,188,795 68,080 1,120,715 —
France 6,375,394 452,680 5,922,714 —
Germany 5,778,140 1,033,128 4,745,012 —
Gibraltar 7,402 — 7,402 —
Greece 367,813 30,133 337,680 —
Guernsey, C.I. 83,665 83,665 — —
Hong Kong 3,785,261 495,141 3,271,999 18,121
Hungary 212,987 20,319 192,668 —
India 2,457,113 357,263 2,099,850 —
Indonesia 767,316 40,902 726,414 —
Ireland 919,444 723,031 196,413 —
Israel 557,129 290,480   —

 

434

 


      266,649  
Italy 2,091,503 283,327 1,808,176 —
Japan 15,062,378 1,095,775 13,930,332 36,271
Jersey, C.I. 90,582 84,617 5,965 —
Korea 41,078 — 41,078 —
Luxembourg 324,298 106,106 218,192 —
Malaysia 996,796 — 996,796 —
Marshall Islands 6,462 6,462 — —
Mexico 1,318,929 1,318,929 — —
Netherlands 3,547,580 1,679,317 1,868,263 —
New Zealand 200,141 — 200,141 —
Norway 768,834 132,672 636,162 —
Papua New Guinea 48,584 — 48,584 —
Peru 145,080 118,236 26,844 —
Philippines 197,462 10,700 186,762 —
Poland 435,020 — 435,020 —
Portugal 237,076 — 237,076 —
Puerto Rico 51,579 51,579 — —
Russia 1,128,217 313,441 812,208 2,568
Singapore 1,372,825 — 1,372,825 —
South Africa 1,956,280 383,275 1,573,005 —
South Korea 3,995,478 476,430 3,509,330 9,718
Spain 2,350,529 782,450 1,568,079 —
Sweden 2,566,342 32,150 2,534,192 —
Switzerland 5,330,541 1,118,864   —

 

435

 


      4,211,677  
 
Taiwan 3,174,701 114,397 3,060,304 —
Thailand 508,148 — 508,148 —
Turkey 495,222 25,551 469,671 —
United Arab Emirates 54,458 — 54,458 —
United Kingdom 15,357,925 6,738,863 8,618,927 135
United States 146,401,509 146,401,509 — —
Virgin Islands 32,384 32,384 — —
Preferred Securities        
Brazil 522,008 522,008 — —
Chile 20,074 20,074 — —
Germany 38,669 — 38,669 —
U.S. Government & Agency Obligations 108,041,936 — 108,041,936 —
Corporate Bonds        
India 305 — — 305
Convertible Bonds 134 — 134  
Warrants 733 733 — —
Rights 10,449 6,913 3,536 —
Securities Lending Collateral 18,650,508 18,650,508 — —
Short-Term Investments 1,166,994 1,166,994 — —
 
Total Investments in Securities $387,081,335 $200,929,043 $186,076,841 $75,451
 
Emerging Markets Value Trust        
Common Stocks        
Bermuda $918,842 — $918,842 —
Brazil 117,735,414 $117,735,414 — —
Cayman Islands 204,690   204,690 —
Chile 23,453,344 23,453,344 — —
China 100,267,049 12,221,900   $51,650

 

436

 


      87,993,499  
Czech Republic 2,733,648 — 2,733,648 —
Hong Kong 56,248,335 2,488,539 53,759,796 —
Hungary 627,321 — 627,321 —
India 103,048,741 25,071,561 77,959,151 18,029
Indonesia 24,362,147 — 24,244,319 117,828
Israel 251,419 — 7 251,412
Luxembourg 50,328 — 50,328 —
Malaysia 46,540,126 — 46,540,126 —
Mexico 71,231,458 71,231,458 — —
Philippines 6,940,264 — 6,940,264 —
Poland 21,830,828 — 21,830,828 —
Russia 60,351,823 3,553,066 56,798,757 —
South Africa 94,928,409 23,281,568 71,646,841 —
South Korea 158,826,451 45,859,947 112,965,381 1,123
Taiwan 143,168,614 7,941,159 133,988,805 1,238,650
Thailand 22,773,440 — 22,773,440 —
Turkey 29,225,207 — 29,225,207 —
Preferred Securities        
Brazil 29,720,882 29,720,882 — —
India 36,028 — 36,028 —
Malaysia 140,552 — 140,552 —
Rights 46,961 — 46,961 —
Warrants 1,659 — 1,659 —
Securities Lending Collateral 70,114,170 70,114,170 — —

 

437

 


Short-Term Investments 2,295,513 2,295,513 — —
 
Total Investments in Securities $1,188,073,663 $434,968,521 $751,426,450 $1,678,692
 
Equity-Income Trust        
Common Stocks        
Consumer Discretionary $287,510,807 $281,136,088 $6,374,719 —
Consumer Staples 139,878,496 139,878,496 — —
Energy 282,037,077 282,037,077 — —
Financials 395,600,365 395,600,365 — —
Health Care 101,896,602 101,896,602 — —
Industrials 251,406,887 251,406,887 — —
Information Technology 136,054,895 136,054,895 — —
Materials 122,417,772 122,417,772 — —
Telecommunication Services 78,015,195 69,500,809 8,514,386 —
Utilities 153,961,403 153,961,403 — —
Preferred Securities        
Consumer Discretionary 12,601,890 12,601,890 — —
Securities Lending Collateral 117,974,523 117,974,523 — —
Short-Term Investments 79,839,561 79,839,561 — —
 
Total Investments in Securities $2,159,195,473 $2,144,306,368 $14,889,105 —
 
Financial Services Trust        
Common Stocks        
Consumer Discretionary $1,858,395 $1,858,395 — —
Energy 11,679,815 11,679,815 — —
Financials 152,204,322 112,900,193 $25,580,940 $13,723,189
Industrials 8,075,657 8,075,657 — —
Information Technology 4,918,999 4,918,999 — —
Securities Lending Collateral 7,160,896 7,160,896 — —
Short-Term Investments 2,167,998 — 2,167,998 —
 
Total Investments in Securities $188,066,082 $146,593,955 $27,748,938 $13,723,189

 

438

 


Fundamental Value Trust        
Common Stocks        
Consumer Discretionary $93,830,398 $90,325,913 $3,504,485 —
Consumer Staples 274,264,433 247,705,396 26,559,037 —
Energy 298,982,925 286,978,341 12,004,584 —
Financials 495,312,510 437,116,955 58,195,555 —
Health Care 218,467,234 203,697,428 14,769,806 —
Industrials 105,169,372 61,935,983 43,233,389 —
Information Technology 89,228,810 89,228,810 — —
Materials 144,264,438 119,504,270 24,760,168 —
Telecommunication Services 6,220,186 6,220,186 — —
Convertible Bonds        
Materials 4,562,016 — 4,562,016 —
Telecommunication Services 2,094,000 — 2,094,000 —
Securities Lending Collateral 87,249,263 87,249,263 — —
Short-Term Investments 58,314,751 — 58,314,751 —
 
Total Investments in Securities $1,877,960,336 $1,629,962,545 $247,997,791 —
 
Global Trust        
Common Stocks        
Austria $4,284,691 — $4,284,691 —
Bermuda 4,158,717 $4,158,717 — —
Brazil 6,570,814 6,570,814 — —
Cayman Islands 3,333,744 3,333,744 — —
China 3,235,440 3,235,440 — —
France 50,008,227 — 50,008,227 —
Germany 37,861,327 — 37,861,327 —
Hong Kong 11,925,519 — 11,925,519 —

 

439

 


India 4,144,859 4,144,859 — —
Ireland 29,505,095 23,047,780 6,457,315 —
Italy 15,899,630 — 15,899,630 —
Japan 23,887,301 — 23,887,301 —
Netherlands 34,750,764 — 34,750,764 —
Norway 4,842,334 — 4,842,334 —
Russia 5,205,583 2,868,558 2,337,025 —
Singapore 19,520,345 4,649,029 14,871,316 —
South Korea 26,211,961 7,351,170 18,860,791 —
Spain 8,988,199 — 8,988,199 —
Sweden 8,543,184 — 8,543,184 —
Switzerland 46,676,071 11,764,674 34,911,397 —
Taiwan 7,862,784 — 7,862,784 —
Turkey 3,013,966 3,013,966 — —
United Kingdom 88,939,632 — 88,939,632 —
United States 240,547,042 240,547,042 — —
Securities Lending Collateral 31,586,678 31,586,678 — —
Short-Term Investments 4,200,000 — 4,200,000 —
 
Total Investments in Securities $725,703,907 $346,272,471 $379,431,436 —
 
Global Bond Trust        
U.S. Government & Agency Obligations $116,163,725 — $116,163,725 —
Foreign Government Obligations 187,587,515 — 187,587,515 —
Corporate Bonds 505,484,436 — 504,192,101 $1,292,335
Municipal Bonds 30,549,155 — 30,549,155 —
Capital Preferred Securities 3,011,590 — — —

 

440

 


      3,011,590  
 
Collateralized Mortgage Obligations 147,247,753 — 147,247,753 —
Asset Backed Securities 30,562,265 — 17,470,814 13,091,451
Term Loans 4,862,312 — 4,862,312 —
Preferred Securities 2,016,376 $210,504 — 1,805,872
Short-Term Investments 23,793,936 — 23,793,936 —
 
Total Investments in Securities $1,051,279,063 $210,504 $1,034,878,901 $16,189,658
Other Financial Instruments:        
Futures ($4,439,557) ($4,439,557) — —
Forward Foreign Currency Contracts ($5,040,286) — ($5,040,286) —
Written Options ($3,140,086) ($518,931) ($2,590,838) ($30,317)
Interest Rate Swaps $1,697,580 — $1,697,580 —
Credit Default Swaps $701,518 — $701,518 —
 
Health Sciences Trust        
Common Stocks        
Consumer Discretionary $301,455 $301,455 — —
Consumer Staples 1,193,125 1,193,125 — —
Health Care 150,634,132 139,919,339 $10,714,793 —
Information Technology 2,626,850 2,626,850 — —
Materials 1,279,002 1,279,002 — —
Warrants 74,981 — 74,981 —
Short-Term Investments 1,705,219 1,705,219 — —
 
Total Investments in Securities $157,814,764 $147,024,990 $10,789,774 —
Other Financial Instruments:        
Written Options ($2,526,285) ($2,526,285) — —
 
Heritage Trust        
Common Stocks        
Consumer Discretionary $28,713,849 $28,713,849 — —
Consumer Staples 8,098,022 8,098,022 — —

 

441

 


Energy 11,763,617 11,763,617 — —
Financials 8,872,531 8,872,531 — —
Health Care 20,161,945 20,161,945 — —
Industrials 27,416,358 27,416,358 — —
Information Technology 30,118,416 29,238,548 $879,868 —
Materials 6,312,264 6,312,264 — —
Telecommunication Services 3,762,199 3,762,199 — —
Utilities 947,200 947,200 — —
Securities Lending Collateral 19,848,010 19,848,010 — —
 
Total Investments in Securities $166,014,411 $165,134,543 $879,868 —
Other Financial Instruments:        
Forward Foreign Currency Contracts ($1,209) — ($1,209) —
 
High Income Trust        
Corporate Bonds $28,979,095 — $26,513,825 $2,465,270
Convertible Bonds 8,273,750 — 8,273,750 —
Common Stocks 4,649,580 $2,423,399 — 2,226,181
Preferred Securities 4,875,916 3,933,728 942,188 —
Short-Term Investments 18,859,000 — 18,859,000 —
 
Total Investments in Securities $65,637,341 $6,357,127 $54,588,763 $4,691,451
Other Financial Instruments:        
Forward Foreign Currency Contracts ($25,672) — ($25,672) —
 
High Yield Trust        
Foreign Government Obligations 8,975,919 — 8,879,904 96,015
Corporate Bonds 200,290,294 — 200,290,294 —
Capital Preferred Securities 3,636,878 — 3,636,878 —
Convertible Bonds 4,520,561 — 4,520,561 —
Term Loans 5,933,339 — 5,923,442 9,897
Common Stocks 7,888,091 6,188,153   1,507,514

 

442

 


      192,424  
Preferred Securities 12,238,183 9,777,612 2,355,071 105,500
Warrants 543,855 71,525 119,070 353,260
Short-Term Investments 6,799,949 — 6,799,949 —
 
Total Investments in Securities $250,827,069 $16,037,290 $232,717,593 $2,072,186
Other Financial Instruments:        
Futures $46,733 $46,733 — —
Forward Foreign Currency Contracts ($138,654) — ($138,654) —
 
Income Trust        
Corporate Bonds $197,066,418 — $197,066,418 —
Capital Preferred Securities 6,195,000 — 6,195,000 —
Convertible Bonds 5,065,820 — 5,065,820 —
Municipal Bonds 1,504,664 — 1,504,664 —
Collateralized Mortgage Obligations 1,861,031 — 1,861,031 —
Term Loans 19,831,021 — 19,831,021 —
Common Stocks 195,733,751 $176,299,109 19,434,642 —
Preferred Securities 31,456,262 19,588,288 11,867,974 —
Warrants 267,571 267,571 — —
Securities Lending Collateral 17,446,606 17,446,606 — —
Short-Term Investments 5,991,000 — 5,991,000 —
 
Total Investments in Securities $482,419,144 $213,601,574 $268,817,570 —
 
International Core Trust        
Common Stocks        
Australia $38,215,180 — $38,215,180 —
Austria 5,158,865 — 5,158,865 —
Belgium 7,332,709 — 7,332,709 —

 

443

 


Bermuda 369,138 — 369,138 —
Canada 20,532,256 $20,532,256 — —
Denmark 14,337,134 — 14,337,134 —
Finland 10,946,320 — 10,946,320 —
France 94,676,683 — 94,676,683 —
Germany 57,944,708 — 57,944,708 —
Greece 4,393,487 — 4,393,487 —
Hong Kong 14,244,010 — 14,244,010 —
Ireland 8,018,605 — 8,018,605 —
Israel 3,100,027 — 3,100,027 —
Italy 50,636,130 — 50,636,130 —
Japan 194,553,428 — 192,499,395 $2,054,033
Netherlands 15,413,648 — 15,413,648 —
New Zealand 3,156,526 — 3,156,526 —
Norway 99,277 — 99,277 —
Portugal 191,169 — 191,169 —
Singapore 21,070,813 — 21,070,813 —
Spain 18,524,670 — 18,524,670 —
Sweden 29,730,021 — 29,730,021 —
Switzerland 46,231,101 — 46,231,101 —
United Kingdom 168,795,948 — 168,795,948 —
Preferred Securities        
Germany 8,328,648 — 8,328,648 —
Rights 282,575 282,575 — —

 

444

 


Securities Lending Collateral 75,706,279 75,706,279 — —
Short-Term Investments 27,333,394 27,333,394 — —
 
Total Investments in Securities $939,322,749 $123,854,504 $813,414,212 $2,054,033
Other Financial Instruments:        
Futures $86,392 $86,392 — —
Forward Foreign Currency Contracts ($1,628,202) — ($1,628,202) —
 
International Equity Index Trust A        
Common Stocks        
Australia $20,499,328 — $20,499,328 —
Austria 773,729 — 773,729 —
Belgium 2,288,133 — 2,288,133 —
Bermuda 266,962 — 266,962 —
Brazil 5,606,434 5,606,434 — —
Canada 28,884,348 28,884,348 — —
Cayman Islands 305,912 — 305,912 —
Chile 1,086,460 1,086,460 — —
China 10,023,277 — 10,023,277 —
Colombia 633,153 633,153 — —
Czech Republic 293,898 — 293,898 —
Denmark 2,639,226 — 2,639,226 —
Egypt 235,694 — 235,694 —
Finland 2,690,445 — 2,690,445 —
France 22,389,050 — 22,389,050 —
Germany 18,354,266 — 18,354,266 —
Greece 644,090 — 644,090 —
Hong Kong 10,430,844 120,041 10,310,803 —
Hungary 322,598 —   —

 

445

 


      322,598  
India 5,452,664 4,962,947 489,717 —
Indonesia 2,028,018 — 2,028,018 —
Ireland 1,181,249 33,443 1,147,806 —
Israel 1,735,951 — 1,735,951 —
Italy 6,489,023 — 6,489,023 —
Japan 44,783,084 — 44,620,145 $162,939
Luxembourg 1,228,813 — 1,228,813 —
Malaysia 2,368,040 — 2,368,040 —
Mexico 3,598,106 3,598,106 — —
Netherlands 6,625,797 — 6,625,797 —
New Zealand 306,778 — 306,778 —
Norway 2,029,121 — 2,029,121 —
Peru 516,424 516,424 — —
Philippines 464,331 — 464,331 —
Poland 1,255,663 — 1,255,663 —
Portugal 662,129 — 662,129 —
Russia 6,442,422 5,032,605 1,409,817 —
Singapore 3,953,958 — 3,849,711 104,247
South Africa 6,429,292 — 6,429,292 —
South Korea 12,160,407 54,154 12,106,253 —
Spain 8,344,280 — 8,344,280 —
Sweden 6,408,709 — 6,408,709 —
Switzerland 18,937,734 — 18,937,734 —

 

446

 


Taiwan 7,204,106 — 7,009,273 194,833
Thailand 1,489,805 — 1,489,805 —
Turkey 1,298,570 — 1,298,570 —
Ukraine 20,523 — 20,523 —
United Kingdom 48,962,746 36,894 48,874,068 51,784
Preferred Securities        
Brazil 7,107,432 7,107,432 — —
Germany 978,152 — 978,152 —
South Korea 341,569 — 341,569 —
Rights 15,799 15,134 665 —
Warrants 3,446 3,446 — —
Securities Lending Collateral 9,355,771 9,355,771 — —
Short-Term Investments 4,346,135 4,346,135   —
 
Total Investments in Securities $352,893,894 $71,392,927 $280,987,164 $513,803
Other Financial Instruments:        
Futures $194,126 $194,126 — —
Forward Foreign Currency Contracts $494,815 — $494,815 —
 
International Equity Index Trust B        
Common Stocks        
Australia $20,881,638 — $20,881,638 —
Austria 890,258 — 890,258 —
Belgium 2,379,544 — 2,379,544 —
Bermuda 225,871 — 225,871 —
Brazil 6,012,711 $6,012,711 — —
Canada 29,525,621 29,525,621 — —
Cayman Islands 283,965 — 283,965 —
Chile 1,258,820 904,883 353,937 —

 

447

 


China 9,995,849 — 9,995,849 —
Colombia 756,286 756,286 — —
Czech Republic 323,095 — 323,095 —
Denmark 2,762,063 — 2,762,063 —
Egypt 297,786 — 297,786 —
Finland 2,711,836 — 2,711,836 —
France 23,347,284 — 23,347,284 —
Germany 19,607,761 — 19,607,761 —
Greece 671,435 — 671,435 —
Hong Kong 10,256,170 106,993 10,149,177 —
Hungary 379,049 — 379,049 —
India 6,471,256 6,167,184 304,072 —
Indonesia 1,935,983 6,616 1,929,367 —
Ireland 1,246,450 48,261 1,198,189 —
Israel 1,890,872 — 1,890,872 —
Italy 6,927,083 — 6,927,083 —
Japan 47,214,757 — 47,051,259 $163,498
Luxembourg 1,337,166 — 1,337,166 —
Malaysia 2,441,397 — 2,441,397 —
Mauritius 52,309 — 52,309 —
Mexico 3,871,461 3,871,461 — —
Netherlands 6,794,082 — 6,794,082 —
New Zealand 305,788 — 305,788 —
Norway 2,037,869 — 2,037,869 —

 

448

 


Peru 703,042 703,042 — —
Philippines 500,929 — 500,929 —
Poland 1,428,394 — 1,428,394 —
Portugal 677,435 — 677,435 —
Russia 6,398,592 5,727,808 670,784 —
Singapore 4,148,673 — 4,039,674 108,999
South Africa 6,651,662 — 6,651,662 —
South Korea 12,505,757 307,315 12,198,442 —
Spain 8,794,514 — 8,794,514 —
Sweden 7,342,969 — 7,342,969 —
Switzerland 19,361,000 — 19,361,000 —
Taiwan 7,928,139 — 7,654,300 273,839
Thailand 1,586,000 — 1,586,000 —
Turkey 1,327,428 — 1,327,428 —
Ukraine 20,448 — 20,448 —
United Kingdom 51,431,546 178,321 51,253,225 —
United States 10,631 10,631 — —
Preferred Securities        
Brazil 7,393,781 7,393,781 — —
Germany 1,092,843 — 1,092,843 —
Malaysia 661 — 661 —
South Korea 315,259 — 315,259 —
Rights 17,187 16,522 665 —
Warrants 4,940 4,940 — —
Securities Lending Collateral 15,258,898 15,258,898 — —

 

449

 


Short-Term Investments 4,468,114 4,468,114 — —
 
Total Investments in Securities $374,462,357 $81,469,388 $292,446,633 $546,336
Other Financial Instruments:        
Futures $98,161 $98,161 — —
Forward Foreign Currency Contracts $383,512 — $383,512 —
 
International Growth Stock Trust        
Common Stocks        
Australia $9,992,436 — $9,992,436 —
Belgium 2,527,125 — 2,527,125 —
Brazil 4,219,971 $4,219,971 — —
Canada 10,234,819 10,234,819 — —
China 2,492,695 — 2,492,695 —
Denmark 2,787,219 — 2,787,219 —
France 11,122,851 — 11,122,851 —
Germany 9,773,590 — 9,773,590 —
Hong Kong 2,857,243 — 2,857,243 —
India 2,929,278 2,229,081 700,197 —
Ireland 3,659,436 — 3,659,436 —
Israel 2,842,281 2,842,281 — —
Japan 14,962,430 — 14,962,430 —
Mexico 5,933,278 5,933,278 — —
Netherlands 5,405,291 685,427 4,719,864 —
Philippines 886,194 — 886,194 —
Russia 2,153,848 — 2,153,848 —
Singapore 4,809,271 — 4,809,271 —
South Korea 4,476,207 — 4,476,207 —

 

450

 


Sweden 5,185,025 — 5,185,025 —
Switzerland 11,443,515 — 11,443,515 —
Taiwan 3,344,435 — 3,344,435 —
Turkey 1,146,212 — 1,146,212 —
United Kingdom 29,857,711 — 29,857,711 —
Short-Term Investments 6,786,756 6,786,756 — —
 
Total Investments in Securities $161,829,117 $32,931,613 $128,897,504 —
 
International Index Trust        
Australia $186,600,237 — $186,600,237 —
Austria 7,232,892 — 7,232,892 —
Belgium 19,802,516 — 19,802,516 —
Bermuda 1,868,010 — 1,868,010 —
Cayman Islands 1,812,226 — 1,812,226 —
China 240,371 — 240,371 —
Denmark 22,824,311 — 22,824,311 —
Finland 23,107,585 — 23,107,585 —
France 209,152,006 — 209,152,006 —
Germany 172,593,531 — 172,593,531 —
Greece 5,851,951 — 5,851,951 —
Hong Kong 58,032,494 — 58,032,494 —
Ireland 10,572,999 $334,212 10,238,787 —
Israel 15,957,289 — 15,957,289 —
Italy 59,643,424 — 59,643,424 —
Japan 428,252,270 —   $1,378,288
 
 
 
451

 


      426,873,982  
Luxembourg 10,772,246 — 10,772,246 —
Mauritius 461,923 — 461,923 —
Netherlands 57,040,605 — 57,040,605 —
New Zealand 2,189,716 — 2,189,716 —
Norway 16,705,353 — 16,705,353 —
Philippines 631,211 — 631,211 —
Portugal 5,564,869 — 5,564,869 —
Singapore 34,131,968 — 34,131,968 —
Spain 76,517,184 — 76,517,184 —
Sweden 67,403,919 — 67,403,919 —
Switzerland 166,396,475 — 166,396,475 —
United Kingdom 449,314,106 — 449,314,106 —
United States 1,277,929 1,277,929 — —
Germany 9,708,055 — 9,708,055 —
Rights 250,769 141,522 109,247 —
Warrants 2,436 2,436 — —
Investment Companies 54,580,348 54,580,348 — —
Securities Lending Collateral 153,868,506 153,868,506 — —
 
Short-Term Investments 13,300,000 — 13,300,000 —
 
Total Investments in Securities $2,343,661,730 $210,204,953 $2,132,078,489 $1,378,288
Other Financial Instruments:        
Futures $356,095 $356,095 — —
 
International Opportunities Trust        
Common Stocks        
Argentina $6,660,926 $6,660,926 — —
 
 
 
452

 


Belgium 4,878,562 — $4,878,562 —
Brazil 39,107,265 39,107,265 — —
Canada 25,431,140 25,431,140 — —
China 13,557,073 13,557,073 — —
Denmark 19,532,712 — 19,532,712 —
France 40,701,921 — 40,701,921 —
Germany 41,882,199 — 41,882,199 —
Hong Kong 28,917,897 — 28,917,897 —
India 11,367,070 11,367,070 — —
Japan 84,431,445 — 84,431,445 —
Luxembourg 8,242,827 8,242,827 — —
Netherlands 30,541,390 17,982,108 12,559,282 —
Spain 22,648,278 — 22,648,278 —
Switzerland 27,848,910 — 27,848,910 —
United Kingdom 54,102,718 — 54,102,718 —
United States 12,305,939 12,305,939 — —
Short-Term Investments 16,379,765 16,379,765 — —
 
Total Investments in Securities $488,538,037 $151,034,113 $337,503,924 —
 
International Small Company Trust        
Common Stocks        
Australia $10,161,785 $194,300 $9,909,543 $57,942
Austria 1,376,489 — 1,376,489 —
Belgium 1,760,287 — 1,760,287 —
Bermuda 769,704 201,908 567,796 —
Canada 16,519,646 16,487,511 32,135 —
Cayman Islands 45,090 — 45,090 —
 
 
 
453

 


China 114,255 — 114,255 —
Cyprus 113,328 — 113,328 —
Denmark 1,044,565 — 1,044,565 —
Finland 3,474,346 — 3,474,346 —
France 5,190,877 — 5,190,877 —
Germany 6,502,317 — 6,502,317 —
Gibraltar 26,795 — 26,795 —
Greece 1,405,850 — 1,405,850 —
Hong Kong 3,453,832 — 3,361,636 92,196
Ireland 1,203,240 — 1,203,240 —
Israel 1,256,142 183,666 1,072,476 —
Italy 4,081,394 — 4,081,394 —
Japan 27,008,674 — 26,992,805 15,869
Liechtenstein 168,858 — 168,858 —
Luxembourg 122,819 — 122,819 —
Malaysia 6,358 — 6,358 —
Netherlands 2,489,121 — 2,489,121 —
New Zealand 815,105 — 815,105 —
Norway 1,497,876 — 1,497,876 —
Papua New Guinea 21,285 — 21,285 —
Peru 170,966 — 170,966 —
Portugal 538,848 — 538,848 —
Singapore 1,672,953 — 1,672,953 —
 
 
 
454

 


South Africa 101,831 101,831 — —
Spain 2,523,192 — 2,523,192 —
Sweden 3,818,339 — 3,818,339 —
Switzerland 7,449,185 — 7,449,185 —
United Arab Emirates 147,643 — 147,643 —
United Kingdom 20,945,554 — 20,942,360 3,194
United States 248,880 248,880 — —
Convertible Bonds        
Australia 30,271 — 30,271 —
Spain 8,139 — 8,139 —
Rights 10,643 245 10,398 —
Warrants 15,450 15,450 — —
Securities Lending Collateral 4,760,792 4,760,792 — —
Short-Term Investments 661,872 661,872 — —
 
Total Investments in Securities $133,734,596 $22,856,455 $110,708,940 $169,201
   
International Value Trust        
Common Stocks        
Australia $16,213,930 — $16,213,930 —
Austria 10,759,379 — 10,759,379 —
Bermuda 6,100,688 $6,100,688 — —
Canada 13,574,511 13,574,511 — —
China 9,207,415 — 9,207,415 —
France 121,544,164 — 121,544,164 —
Germany 77,488,259 — 77,488,259 —
Hong Kong 18,640,130 — 18,640,130 —
Ireland 13,052,269 4,457,690 8,594,579 —
 
 
 
455

 


Italy 22,796,100 — 22,796,100 —
Japan 85,064,224 — 85,064,224 —
Netherlands 70,240,181 — 70,240,181 —
Norway 46,179,129 — 46,179,129 —
Russia 17,958,561 17,884,020 74,541 —
Singapore 35,865,324 14,924,238 20,941,086 —
South Korea 53,082,823 23,291,975 29,790,848 —
Spain 35,395,067 — 35,395,067 —
Sweden 17,218,518 — 17,218,518 —
Switzerland 80,523,656 — 80,523,656 —
Taiwan 56,937,680 — 56,937,680 —
United Kingdom 218,986,405 — 218,986,405 —
United States 14,844,897 14,844,897 — —
Securities Lending Collateral 55,047,616 55,047,616 — —
Short-Term Investments 15,900,000 — 15,900,000 —
 
Total Investments in Securities $1,112,620,926 $150,125,635 $962,495,291 —
 
Investment Quality Bond Trust        
U.S. Government & Agency Obligations $112,415,387 — $112,415,387 —
Foreign Government Obligations 5,717,885 — 5,717,885 —
Corporate Bonds 212,043,388 — 212,043,388 —
Capital Preferred Securities 2,008,033 — 2,008,033 —
Convertible Bonds 136,494 — 136,494 —
Municipal Bonds 17,860,348 — 17,860,348 —
Collateralized Mortgage Obligations 37,185,494 — 37,185,494 —
 
 
 
456

 


Asset Backed Securities 7,807,216 — 6,706,226 $1,100,990
Short-Term Investments 11,700,000 — 11,700,000 —
 
Total Investments in Securities $406,874,245 — $405,773,255 $1,100,990
Other Financial Instruments:        
Futures $29,242 $29,242 — —
Forward Foreign Currency Contracts $34,070 — $34,070 —
Interest Rate Swaps $77,965 — $77,965 —
Credit Default Swaps $558,318 — $558,318 —
  
Large Cap Value Trust        
Common Stocks        
Consumer Discretionary $26,969,109 $26,368,687 $600,422 —
Consumer Staples 13,034,445 13,034,445 — —
Energy 26,844,170 26,844,170 — —
Financials 37,525,941 37,525,941 — —
Health Care 9,674,228 9,674,228 — —
Industrials 23,490,714 23,490,714 — —
Information Technology 12,563,499 12,563,499 — —
Materials 11,637,832 11,637,832 — —
Telecommunication Services 7,509,876 7,509,876 — —
Utilities 14,310,824 14,310,824 — —
Preferred Securities 1,185,720 1,185,720 — —
Short-Term Investments 8,259,947 8,259,947 — —
 
Total Investments in Securities $193,006,305 $192,405,883 $600,422 —
 
Mid Cap Stock Trust        
Common Stocks        
Consumer Discretionary $236,399,076 $216,645,124 $19,753,952 —
Consumer Staples 41,558,507 41,558,507 — —
Energy 41,306,839 39,153,205 2,153,634 —
Financials 21,148,774 14,862,880 6,285,894 —
Health Care 117,369,623 117,369,623 — —
 
 
 
 
457

 


Industrials 135,011,137 124,545,377 10,465,760 —
Information Technology 276,891,371 272,150,552 4,740,819 —
Materials 22,460,647 17,630,310 4,830,337 —
Securities Lending Collateral 252,713,586 252,713,586 — —
Short-Term Investments 9,100,000 — 9,100,000 —
 
Total Investments in Securities $1,153,959,560 $1,096,629,164 $57,330,396 —
  
Mid Value Trust        
Common Stocks        
Consumer Discretionary $125,074,564 $122,244,220 $2,830,344 —
Consumer Staples 77,500,298 77,500,298 — —
Energy 82,057,540 82,057,540 — —
Financials 184,219,420 184,219,420 — —
Health Care 56,806,769 56,806,769 — —
Industrials 67,150,093 67,150,093 — —
Information Technology 56,449,611 56,449,611 — —
Materials 49,841,577 49,841,577 — —
Telecommunication Services 11,587,108 11,587,108 — —
Utilities 69,105,081 69,105,081 — —
Preferred Securities        
Financials 1,165,905 — 1,165,905 —
Utilities 798,600 798,600 — —
Convertible Bonds        
Financials 1,603,773 — 1,603,773 —
Industrials 3,889,165 — 3,889,165 —
Materials 2,944,688 — 2,944,688 —
Telecommunication Services 5,131,620 — 5,131,620 —
Securities Lending Collateral 193,751,709 193,751,709 — —
Short-Term Investments 45,043,425 45,043,425 — —
 
 
 
 
 
458

 


Total Investments in Securities $1,034,120,946 $1,016,555,451 $17,565,495 —
 
Mutual Shares Trust        
Common Stocks        
Australia $11,067 — — $11,067
Canada 3,725,993 $3,725,993 — —
Denmark 8,482,945 — $8,482,945 —
France 24,184,240 — 24,184,240 —
Germany 29,929,692 — 29,929,692 —
Hong Kong 886,506 — 886,506 —
Italy 1,760,634 — 1,760,634 —
Japan 7,180,877 — 7,180,877 —
Netherlands 16,779,245 — 16,779,245 —
Norway 6,156,089 — 6,156,089 —
Spain 8,551,095 — 8,551,095 —
Switzerland 37,511,924 18,462,817 19,049,107 —
United Kingdom 56,623,644 — 54,107,525 2,516,119
United States 400,071,369 398,020,207 1,170,640 880,522
Corporate Bonds        
United States 2,803,029 — 2,115,984 687,045
Term Loans 13,991,557 — 13,991,557 —
Securities Lending Collateral 47,529,319 47,529,319 — —
Short-Term Investments 48,105,336 — 48,105,336 —
 
Total Investments in Securities $714,284,561 $467,738,336 $242,451,472 $4,094,753
Other Financial Instruments:        
Forward Foreign Currency Contracts ($4,307,100) — ($4,307,100) —
 
 
 
 
459

 


Natural Resources Trust        
Common Stocks        
Energy $196,649,533 $153,922,114 $42,727,419 —
Industrials 3,245,563 — 3,245,563 —
Materials 108,230,035 40,255,711 67,974,324 —
Warrants 3,776,986 — 3,776,986 —
Securities Lending Collateral 29,687,449 29,687,449 — —
Short-Term Investments 7,100,000 — 7,100,000 —
 
Total Investments in Securities $348,689,566 $223,865,274 $124,824,292 —
 
New Income Trust        
U.S. Government & Agency Obligations $1,571,695,670 — $1,571,695,670 —
Foreign Government Obligations 126,505,245 — 126,505,245 —
Corporate Bonds 820,791,706 — 820,791,706 —
Municipal Bonds 37,513,188 — 37,513,188 —
Term Loans 85,057,550 — 85,057,550 —
Collateralized Mortgage Obligations 159,925,993 — 159,925,993 —
Asset Backed Securities 95,380,304 — 91,604,584 $3,775,720
Capital Preferred Securities 16,158,882 — 16,158,882 —
Securities Lending Collateral 47,784,925 $47,784,925 — —
Short-Term Investments 52,027,737 49,289,914 2,737,823 —
 
Total Investments in Securities $3,012,841,200 $97,074,839 $2,911,990,641 $3,775,720
Other Financial Instruments:        
Futures $1,001,394 $1,001,394 — —
Forward Foreign Currency Contracts $29,192 — $29,192 —
 
Optimized All Cap Trust        
Common Stocks        
 
 
 
460

 


Consumer Discretionary $301,860,170 $301,860,170 — —
Consumer Staples 119,586,515 105,820,559 $13,765,956 —
Energy 164,457,144 164,457,144 — —
Financials 289,897,310 289,897,310 — —
Health Care 173,071,370 173,071,370 — —
Industrials 106,331,411 106,331,411 — —
Information Technology 216,750,183 216,750,183 — —
Materials 24,882,375 24,882,375 — —
Short-Term Investments 36,247,960 — 36,247,960 —
 
Total Investments in Securities $1,433,084,438 $1,383,070,522 $50,013,916 —
  
Real Return Bond Trust        
U.S. Government & Agency Obligations $106,678,129 — $106,678,129 —
Foreign Government Obligations 11,292,978 — 11,292,978 —
Corporate Bonds 45,588,216 — 45,389,395 $198,821
Collateralized Mortgage Obligations 11,358,810 — 10,859,901 498,909
Asset Backed Securities 4,489,500 — 3,058,174 1,431,326
Preferred Securities 621,120 $621,120 — —
Options Purchased 13,791 — 13,791 —
Short-Term Investments 8,892,554 — 8,892,554 —
 
Total Investments in Securities $188,935,098 $621,120 $186,184,922 $2,129,056
Other Financial Instruments:        
Futures ($14,663) ($14,663) — —
Forward Foreign Currency Contracts ($55,818) — ($55,818) —
Written Options ($391,998) ($10,950) ($358,821) ($22,227)
Interest Rate Swaps $47,934 — $47,934 —
Credit Default Swaps $233,667 — $233,667 —
 
Science & Technology Trust        
Common Stocks        
 
 
 
 
461

 


Consumer Discretionary $29,091,737 $29,091,737 — —
Health Care 12,686,415 12,686,415 — —
Industrials 4,686,599 4,503,326 $183,273 —
Information Technology 407,536,910 375,223,755 31,475,255 $837,900
Materials 3,311,839 2,535,872 775,967 —
Telecommunication Services 1,182,052 127,736 1,054,316 —
Preferred Securities        
Information Technology 2,043,835 — — 2,043,835
Investment Companies 80,502 80,502 — —
Securities Lending Collateral 41,463,096 41,463,096 — —
Short-Term Investments 12,067,020 2,542,020 9,525,000 —
 
Total Investments in Securities $514,150,005 $468,254,459 $43,013,811 $2,881,735
 
Short Term Government Income Trust        
U.S. Government & Agency Obligations $568,097,836 — $568,097,836 —
Collateralized Mortgage Obligations 20,071,456 — 20,071,456 —
Preferred Securities 116,153 $116,153 — —
Securities Lending Collateral 5,187,436 5,187,436 — —
Short-Term Investments 17,435,000 — 17,435,000 —
 
Total Investments in Securities $610,907,881 $5,303,589 $605,604,292 —
 
Small Cap Growth Trust        
Common Stocks        
Consumer Discretionary $87,884,346 $84,332,012 $3,552,334 —
Consumer Staples 15,635,855 15,635,855 — —
Energy 27,160,951 27,160,951 — —
Financials 8,424,057 5,051,330 3,372,727 —
Health Care 68,782,038 68,782,038 — —
Industrials 93,805,505 93,805,505 — —
Information Technology 150,726,731 147,275,864 3,450,867 —
 
 
 
 
462

 


Materials 8,903,454 8,903,454 — —
Securities Lending Collateral 84,021,352 84,021,352 — —
Short-Term Investments 10,500,000 — 10,500,000 —
 
Total Investments in Securities $555,844,289 $534,968,361 $20,875,928 —
 
Small Cap Index Trust        
Common Stocks        
Consumer Discretionary $106,293,042 $106,231,818 — $61,224
Consumer Staples 23,293,231 23,293,231 — —
Energy 57,191,841 57,178,644 $13,197 —
Financials 160,112,211 160,112,211 — —
Health Care 100,773,076 100,770,008 — 3,068
Industrials 128,578,747 128,578,747 — —
Information Technology 157,556,877 157,556,877 — —
Materials 47,664,442 47,664,442 — —
Telecommunication Services 6,555,493 6,555,493 — —
Utilities 24,585,941 24,585,941 — —
Preferred Securities        
Health Care 1,653 1,653 — —
Corporate Bonds        
Financials 10,151 — 10,151 —
Warrants 43 43 — —
Securities Lending Collateral 172,024,985 172,024,985 — —
Short-Term Investments 3,868,466 — 3,868,466 —
 
Total Investments in Securities $988,510,199 $984,554,093 $3,891,814 $64,292
Other Financial Instruments:        
Futures $221,933 $221,933 — —
 
Smaller Company Growth Trust        
Common Stocks        
Consumer Discretionary $32,460,688 $32,450,972 — $9,716
Consumer Staples 3,463,683 3,463,683 — —
 
 
 
 
463

 


Energy 21,739,708 21,739,708 — —
Financials 12,105,430 12,105,430 — —
Health Care 39,335,973 39,335,973 — —
Industrials 63,092,486 63,092,486 — —
Information Technology 67,490,161 67,490,161 — —
Materials 7,688,991 7,688,991 — —
Telecommunication Services 6,437,353 6,437,353 — —
Utilities 678,122 678,122 — —
Corporate Bonds 262 — $262 —
Investment Companies        
Financials 465,259 465,259 — —
Securities Lending Collateral 33,123,061 33,123,061 — —
Short-Term Investments 4,476,476 465,476 4,011,000 —
 
Total Investments in Securities $292,557,653 $288,536,675 $4,011,262 $9,716
Other Financial Instruments:        
Futures $18,277 $18,277 — —
  
Strategic Income Opportunities Trust        
U.S. Government & Agency Obligations $507,793 — $507,793 —
Foreign Government Obligations 100,108,478 — 100,108,478 —
Corporate Bonds 223,236,571 — 208,222,017 $15,014,554
Convertible Bonds 11,637,014 — 11,637,014 —
Municipal Bonds 15,301,318 — 15,301,318 —
Term Loans 21,094,666 — 19,509,666 1,585,000
Capital Preferred Securities 3,172,406 — 2,929,406 243,000
Collateralized Mortgage Obligations 19,427,792 — 16,820,221 2,607,571
Asset Backed Securities 2,685,974 — 2,685,974 —
Common Stocks 15,288,853 $15,099,817 — 189,036
Preferred Securities 15,392,236 14,847,929 — 544,307
Options Purchased 1,473,406 —   —
 
 
 
 
464

 


      1,473,406  
 
Short-Term Investments 2,451,770 — 2,451,770 —
Total Investments in Securities $431,778,277 $29,947,746 $381,647,063 $20,183,468
Other Financial Instruments:        
Futures ($224,494) ($224,494) — —
Forward Foreign Currency Contracts $1,352,612 — $1,352,612 —
 
Total Return Trust        
U.S. Government & Agency Obligations $968,225,000 — $968,225,000 —
Foreign Government Obligations 366,233,143 — 366,233,143 —
Corporate Bonds 947,835,738 — 947,158,488 $677,250
Capital Preferred Securities 25,433,040 — 25,433,040 —
Convertible Bonds 18,927,875 — 18,927,875 —
Municipal Bonds 102,793,800 — 102,793,800 —
Term Loans 5,644,620 — 5,644,620 —
Collateralized Mortgage Obligations 190,421,495 — 190,421,495 —
Asset Backed Securities 71,425,144 — 70,062,391 1,362,753
Preferred Securities 7,506,993 — — 7,506,993
Short-Term Investments 1,261,446,327 — 1,261,446,327 —
 
Total Investments in Securities $3,965,893,175 — $3,956,346,179 $9,546,996
TBA Sale Commitments ($25,705,087) — ($25,705,087) —
Other Financial Instruments:        
Futures ($543,800) ($543,800) — —
Forward Foreign Currency Contracts $4,899,893 — $4,899,893 —
Written Options ($13,743,452) ($904,079) ($12,578,601) ($260,772)
Interest Rate Swaps $6,316,144 — $6,316,144 —
Credit Default Swaps $9,933,159 — $9,933,159 —
 
Total Stock Market Index Trust        
 
 
 
 
465

 


Common Stocks        
Consumer Discretionary $48,088,158 $48,085,262 — $2,896
Consumer Staples 36,778,897 36,778,897 — —
Energy 52,200,749 52,200,749 — —
Financials 67,766,511 67,766,511 — —
Health Care 42,319,206 42,319,002 — 204
Industrials 45,671,382 45,671,382 — —
Information Technology 73,156,358 73,156,358 — —
Materials 18,232,644 18,232,644 — —
Telecommunication Services 10,636,169 10,636,169 — —
Utilities 12,672,863 12,672,863 — —
Rights 2,603 2,603 — —
Warrants 9 9 — —
Corporate Bonds 1,637 — $1,637 —
Securities Lending Collateral 46,813,576 46,813,576 — —
Short-Term Investments 2,995,000 — 2,995,000 —
 
Total Investments in Securities $457,335,762 $454,336,025 $2,996,637 $3,100
Other Financial Instruments:        
Futures $50,178 $50,178 — —
 
Ultra Short Term Bond Trust        
U.S. Government & Agency Obligations $26,786,848 — $26,786,848 —
Corporate Bonds 25,221,031 — 25,221,031 —
Asset Backed Securities 14,319,524 — 13,863,580 $455,944
Short-Term Investments 488,868 — 488,868 —
 
Total Investments in Securities $66,816,271 — $66,360,327 $455,944
  
Utilities Trust        
Common Stocks        
Consumer Discretionary $14,552,431 $14,552,431 — —
Energy 27,668,737 27,668,737 — —
Financials 1,393,920 — — $1,393,920
 
 
 
 
466

 


Telecommunication Services 41,614,259 23,588,972 $18,025,287 —
Utilities 91,187,768 66,439,201 24,748,567 —
Preferred Securities        
Utilities 7,626,536 7,626,536 — —
Corporate Bonds        
Utilities 444,125 — 444,125 —
Convertible Bonds        
Consumer Discretionary 1,199,175 — 1,199,175 —
Securities Lending Collateral 29,847,783 29,847,783 — —
Short-Term Investments 4,239,000 — 4,239,000 —
 
Total Investments in Securities $219,773,734 $169,723,660 $48,656,154 $1,393,920
Other Financial Instruments:        
Forward Foreign Currency Contracts ($771,774) — ($771,774) —
  
Value & Restructuring Trust        
Common Stocks        
Consumer Discretionary $22,159,734 $22,159,734 — —
Consumer Staples 20,969,708 20,969,708 — —
Energy 93,657,058 93,657,058 — —
Financials 55,251,242 52,903,898 $2,347,344 —
Health Care 21,233,417 21,233,417 — —
Industrials 66,993,445 66,993,445 — —
Information Technology 29,991,900 29,991,900 — —
Materials 59,106,971 51,503,200 7,603,771 —
Telecommunication Services 16,721,070 16,721,070 — —
Preferred Securities        
Energy 1,381,770 1,381,770 — —
Financials 5,378,910 3,542,490 1,836,420 —
Convertible Bonds        
Financials 1,000,650 — 1,000,650 —
 
 
 
 
467

 


Warrants 972,020 972,020 — —
Securities Lending Collateral 45,210,888 45,210,888 — —
 
Total Investments in Securities $440,028,783 $427,240,598 $12,788,185 —
Other Financial Instruments:        
Written Options ($147,502) ($147,502) — —

 

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. During the three month period ended March 31, 2011, there were no significant transfers in or out of Level 1 or Level 2 assets.

The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. Transfers in or out of Level 3 represent the beginning value of any security or instrument where a change in the level has occurred from the beginning to the end of the period.

Active Bond Trust              
    Collateralized          
    Mortgage Asset Backed Common Preferred    
  Corporate Bonds Obligations Securities Stocks Securities Term Loan Total
Balance as of 12/31/10 $1,682,500 $4,530,768 $5,334,708 $90,785 $1,771,913 - $13,410,674
Realized gain (loss) 1,345 - (2,797,169) - - - (2,795,824)
Changed in unrealized              
appreciation (depreciation) (2,897) (236,596) 3,286,759 (17,659) (344,655) - 2,684,952
Purchases 1,264,405 6,134,655 1,875,000 - - $2,550,000 11,824,060
Sales (59,109) (14,224) (1,060,995) - - - (1,134,328)
Transfers into Level 3 - - - - - - -
Transfers out of Level 3 - - (474,680) - - - (474,680)
Balance as of 3-31-11 $2,886,244 $10,414,603 $6,163,623 $73,126 $1,427,258 $2,550,000 $23,514,854
Change in unrealized at              
period end* ($3,934) ($236,596) $382,632 ($17,659) ($344,655) - ($220,212)
  
Balanced Trust              
    Information          
  Financials Technology Total        
Balance as of 12/31/10 - - -        
Realized gain (loss) - - -        
Changed in unrealized              
appreciation (depreciation) ($14,718) - ($14,718)        
 
 
 
 
468

 


Purchases 11,633 $93,325 104,958  
Sales - - -  
Transfers into Level 3 75,626 - 75,626  
Transfers out of Level 3 - - -  
Balance as of 3-31-11 $72,541 $93,325 $165,866  
Change in unrealized at        
period end* ($14,718) - ($14,718)  
  
Blue Chip Growth Trust      
 
  Information      
  Technology      
Balance as of 12/31/10 -      
Realized gain (loss) -      
Changed in unrealized        
appreciation (depreciation) -      
Purchases $6,676,050      
Sales -      
Transfers into Level 3 -      
Transfers out of Level 3 -      
Balance as of 3-31-11 $6,676,050      
Change in unrealized at        
period end* -      
 
Core Bond Trust        
 
  U.S. Government Collateralized    
  & Agency Mortgage Asset Backed  
  Obligations Obligations Securities Total
Balance as of 12/31/10 $9,753,018 $17,284,821 - $27,037,839
Realized gain (loss) - 58 - 58
Changed in unrealized        
appreciation (depreciation) 57,955 53,224 ($20,960) 90,219
Purchases 17,966,025 (1,477,893) 3,310,008 19,798,140
Sales (5,173,000) (24,422) - (5,197,422)
Transfers into Level 3 - - - -
Transfers out of Level 3 - (11,123,595) - (11,123,595)
 
 
 
 
        469

 


Balance as of 3-31-11 $22,603,998 $4,712,193 $3,289,048 $30,605,239        
Change in unrealized at                
period end* $17,038 $34,510 ($20,968) $30,580        
 
Disciplined Diversification Trust              
              United  
  Australia Hong Kong India Japan Russia South Korea Kingdom Total
Balance as of 12/31/10 $529 $6,978 $390 - - - $131 $8,028
Realized gain (loss) - - - - - - - -
Changed in unrealized                
appreciation (depreciation) ($3,556) 813 1 ($7,845) $251 $1,740 4 (8,592)
Purchases - 10,330 - - - - - 10,330
Sales - - - - - - - -
Transfers into Level 3 11,360 - - 44,116 2,317 7,978 - 65,771
Transfers out of Level 3 - - (86)   - - - (86)
Balance as of 3-31-11 $8,333 $18,121 $305 $36,271 $2,568 $9,718 $135 $75,451
Change in unrealized at                
period end* ($3,556) $813 ($24) ($7,845) $4 $1,740 $4 ($8,864)
  
Emerging Markets Value Trust              
  China India Indonesia Israel Malaysia South Korea Taiwan Total
Balance as of 12/31/10 $51,688 $72,733 $113,871 $246,576 $116,175 $133,451 $4,446 $738,940
Realized gain (loss) - - - - 32,075 - - 32,075
Changed in unrealized                
appreciation (depreciation) (38) 49 3,957 4,836 (24,332) (823) (218,436) (234,787)
Purchases - - - - - - - -
Sales - - - - (123,918) - - (123,918)
Transfers into Level 3 - - - - - 1,946 1,452,640 1,454,586
Transfers out of Level 3 - (54,753) - - - (133,451) - (188,204)
Balance as of 3-31-11 $51,650 $18,029 $117,828 $251,412 - $1,123 $1,238,650 $1,678,692
Change in unrealized at                
period end* ($38) $49 $3,957 $4,836 - ($823) ($218,397) ($210,416)
 
Financial Services Trust                
  
  Financials              
 
 
 
 
        470        

 


Balance as of 12/31/10 $11,733,964        
Realized gain (loss) -        
Changed in unrealized          
appreciation (depreciation) 1,989,225        
Purchases -        
Sales -        
Transfers into Level 3 -        
Transfers out of Level 3 -        
Balance as of 3-31-11 $13,723,189        
Change in unrealized at          
period end* $1,989,225        
  
Global Bond Trust          
    Asset Backed Preferred    
  Corporate Bonds Securities Securities Total Written Options
Balance as of 12/31/10 $1,596,825 $7,116,476 $1,786,828 $10,500,129 -
Realized gain (loss) (203,881) 3,516 - (200,365) -
Changed in unrealized          
appreciation (depreciation) 153,811 368,728 19,136 541,675 $14,193
Purchases 1,300,000 5,832,634 - 7,132,634 -
Sales (1,554,420) (229,903) - (1,784,323) -
Transfers into Level 3 - - - - (44,510)
Transfers out of Level 3 - - - - -
Balance as of 3-31-11 $1,292,335 $13,091,451 $1,805,964 $16,189,750 ($30,317)
Change in unrealized at          
period end* ($7,665) $354,620 $19,136 $366,091 $14,193
  
High Income Trust          
    Common Preferred    
  Corporate Bonds Stocks Securities Warrants Total
Balance as of 12/31/10 $3,896,075 $3,896,012 $193 - $7,792,087
Realized gain (loss) 48,606 - - $5 48,611
Changed in unrealized          
appreciation (depreciation) 348,178 (1,669,831) (193) - (1,321,653)
Purchases 26,328 - - - 26,328
 
 
 
 
        471  

 


Sales (1,853,917) - - (5) (1,853,922)    
Transfers into Level 3 - - - - -    
Transfers out of Level 3 - - - - -    
Balance as of 3-31-11 $2,465,270 $2,226,181 - - $4,691,451    
Change in unrealized at              
period end* $84,517 ($1,669,831) ($193) - ($1,585,507)    
  
High Yield Trust              
    Foreign          
    Government Corporate Preferred      
  Common Stocks Obligations Bonds Securities Term Loans Warrants Total
Balance as of 12/31/10 - $89,960 $154,700 $101,280 $9,897 $256,114 $611,951
Realized gain (loss) - - 587,541 - 21 - 587,562
Changed in unrealized              
appreciation (depreciation) $265,228 6,055 - 4,220 (21) 97,146 107,400
Purchases 1,242,286 - - - 3,491,333 - 3,491,333
Sales - - (587,541) - (3,491,333) - (4,078,874)
Transfers into Level 3 - - - - - - -
Transfers out of Level 3 - - (154,700) - - - (154,700)
Balance as of 3-31-11 $1,507,514 $96,015 - $105,500 $9,897 $353,260 $564,672
Change in unrealized at              
period end* $265,228 $6,055 - $4,220 ($835) $97,146 $106,586
  
International Core Trust            
 
  Japan            
Balance as of 12/31/10 -            
Realized gain (loss) -            
Changed in unrealized              
appreciation (depreciation) ($443,334)            
Purchases -            
Sales -            
Transfers into Level 3 2,497,367            
Transfers out of Level 3 -            
Balance as of 3-31-11 $2,054,033            
 
 
 
 
        472      

 


Change in unrealized at          
period end* ($443,334)        
 
International Equity Index Trust A        
        United  
  Japan Singapore Taiwan Kingdom Total
Balance as of 12/31/10 - - - - -
Realized gain (loss)     $1 ($689) ($688)
Changed in unrealized          
appreciation (depreciation) ($35,240) $180 (6,461) 5,881 (35,640)
Purchases   104,067     104,067
Sales     (1) (3) (4)
Transfers into Level 3 198,179   201,294 46,595 446,068
Transfers out of Level 3         -
Balance as of 3-31-11 $162,939 $104,247 $194,833 51,784 $513,803
Change in unrealized at          
period end* ($35,240) $180 ($6,462) 5,189 ($36,333)
  
International Equity Index Trust B        
        United  
  Japan Singapore Taiwan Kingdom Total
Balance as of 12/31/10 - - - - -
Realized gain (loss) - - - ($1,004) ($1,004)
Changed in unrealized          
appreciation (depreciation) ($35,362) $188 ($7,215) 1,008 (41,381)
Purchases - 108,811 - - 108,811
Sales - - - (4) (4)
Transfers into Level 3 198,860 - 281,054 - 479,914
Transfers out of Level 3 - - - - -
Balance as of 3-31-11 $163,498 $108,999 $273,839 - $546,336
Change in unrealized at          
period end* ($35,362) $188 ($7,215) - ($42,389)
 
 
 
 
        473  

 


International Index Trust              
 
  Japan            
Balance as of 12/31/10 -            
Realized gain (loss) $7,568            
Changed in unrealized              
appreciation (depreciation) (305,694)            
Purchases -            
Sales (31,487)            
Transfers into Level 3 1,707,901            
Transfers out of Level 3 -            
Balance as of 3-31-11 $1,378,288            
Change in unrealized at              
period end* ($305,694)            
 
International Small Company Trust            
 
            United  
  Australia Denmark Hong Kong Japan New Zealand Kingdom Total
Balance as of 12/31/10 $3,097 - $72,738 - - $2,129 $77,964
Realized gain (loss) - - - - - - -
Changed in unrealized              
appreciation (depreciation) (14,279) ($15,372) 6,995 ($730) ($685) (165) (24,236)
Purchases - - - - - - -
Sales - - - - - - -
Transfers into Level 3 69,124 15,372 12,463 16,599 685 1,230 115,473
Transfers out of Level 3 - - - - - - -
Balance as of 3-31-11 $57,942 - $92,196 $15,869 - $3,194 $169,201
Change in unrealized at              
period end* ($14,279) ($15,372) $6,995 ($730) ($685) ($165) ($24,236)
 
Investment Quality Bond Trust            
 
  Asset Backed            
  Securities            
Balance as of 12/31/10 $1,094,720            
Realized gain (loss) -            
 
 
 
 
        474      

 


Changed in unrealized        
appreciation (depreciation) $6,270      
Purchases -      
Sales -      
Transfers into Level 3 -      
Transfers out of Level 3 -      
Balance as of 3-31-11 $1,100,990      
Change in unrealized at        
period end* $6,142      
  
Mutual Shares Trust        
    United    
  Australia Kingdom United States Total
Balance as of 12/31/10 $10,944 $2,407,522 $1,557,950 $3,976,416
Realized gain (loss) - - - -
Changed in unrealized        
appreciation (depreciation) 123 108,597 9,015 117,735
Purchases - - - -
Sales - - - -
Transfers into Level 3 - - 602 602
Transfers out of Level 3 - - - -
Balance as of 3-31-11 $11,067 $2,516,119 $1,567,567 $4,094,753
Change in unrealized at        
period end* $123 $108,597 $9,015 $117,735
  
New Income Trust        
 
  Collateralized      
  Mortgage Asset Backed    
  Obligations Securities Total  
Balance as of 12/31/10 $7,404,861 $4,810,000 $12,214,861  
Realized gain (loss) - 85,795 85,795  
Changed in unrealized        
appreciation (depreciation) - (84,642) (84,642)  
Purchases - 3,789,598 3,789,598  
Sales - (4,825,031) (4,825,031)  
 
 
 
 
        475

 


Transfers into Level 3 - - -    
Transfers out of Level 3 (7,404,861) - (7,404,861)    
Balance as of 3-31-11 - $3,775,720 $3,775,720    
Change in unrealized at          
period end* - ($13,881) ($13,881)    
 
Real Return Bond Trust        
    Collateralized      
    Mortgage Asset Backed    
  Corporate Bonds Obligations Securities Total Written Options
Balance as of 12/31/10 $665,344 $797,283 $1,143,142 $2,605,769 -
Realized gain (loss) (84,950) - - (84,950) -
Changed in unrealized          
appreciation (depreciation) $66,102 1,251 47,575 114,928 $16,496
Purchases 200,000 - 240,609 440,609 -
Sales (647,675) - - (647,675) -
Transfers into Level 3 - - - - (38,723)
Transfers out of Level 3 - (299,625) - (299,625)  
Balance as of 3-31-11 $198,821 $498,909 $1,431,326 $2,129,056 ($22,227)
Change in unrealized at          
period end* ($1,179) ($449) $44,205 $42,577 $16,496
 
Science & Technology Trust        
 
  Information        
  Technology        
Balance as of 12/31/10 $1,560,522        
Realized gain (loss) -        
Changed in unrealized          
appreciation (depreciation) (131,803)        
Purchases 1,453,016        
Sales -        
Transfers into Level 3 -        
Transfers out of Level 3 -        
Balance as of 3-31-11 $2,881,735        
 
 
 
 
        476  

 


Change in unrealized at        
period end* ($131,803)      
 
 
Small Cap Index        
 
  Consumer      
  Discretionary Health Care Total  
Balance as of 12/31/10 $61,224 $22,318 $83,542  
Realized gain (loss) - - -  
Changed in unrealized        
appreciation (depreciation) - (19,250) (19,250)  
Purchases - - -  
Sales - - -  
Transfers into Level 3 - - -  
Transfers out of Level 3 - - -  
Balance as of 3-31-11 $61,224 $3,068 $64,292  
Change in unrealized at        
period end* - ($19,250) ($19,250)  
  
Smaller Company Growth      
 
  Consumer      
  Discretionary      
Balance as of 12/31/10 $6,025      
Realized gain (loss) -      
Changed in unrealized        
appreciation (depreciation) (6,160)      
Purchases 268      
Sales -      
Transfers into Level 3 9,583      
Transfers out of Level 3 -      
Balance as of 3-31-11 $9,716      
Change in unrealized at        
period end* ($6,160)      
 
Strategic Income Opportunities Trust      
 
 
        477

 


    Capital Collateralized          
  Asset Backed Preferred Mortgage Common   Preferred    
  Securities Securities Obligations Stocks Corporate Bonds Securities Term Loans Total
Balance as of 12/31/10 $890,068 - $2,736,293 $194,822 $12,362,473 $675,747 - $16,859,403
Realized gain (loss) - - - - 4,541 - - 4,541
Changed in unrealized                
appreciation (depreciation) - ($4,500) (121,094) (5,786) (47,264) (131,440) - (310,084)
Purchases - 247,500 13 - 5,617,516 - $1,585,000 7,450,029
Sales - - (7,641) - (2,922,723) - - (2,930,364)
Transfers into Level 3 - - - - 11 - - 11
Transfers out of Level 3 (890,068) - - - - - - (890,068)
Balance as of 3-31-11 - $243,000 $2,607,571 $189,036 $15,014,554 $544,307 $1,585,000 $20,183,468
Change in unrealized at                
period end* - ($4,588) ($121,094) ($5,786) ($47,265) ($131,440) - ($310,173)
  
Total Return Trust                
  
    Preferred Asset Backed          
  Corporate Bonds Securities Securities Total Written Options      
Balance as of 12/31/10 $609,000 $7,427,449 - $8,036,449 -      
Realized gain (loss) - - - - -      
Changed in unrealized                
appreciation (depreciation) 68,250 79,544 $39,401 187,195 $162,801      
Purchases - - 1,323,352 1,323,352 -      
Sales - - - - -      
Transfers into Level 3 - - - - -      
Transfers out of Level 3 - - - - (423,573)      
Balance as of 3-31-11 $677,250 $7,506,993 $1,362,753 $9,546,996 (260,772)      
Change in unrealized at                
period end* $68,250 $79,544 $38,432 $186,226 $162,801      
 
Total Stock Market Index Trust              
  
  Consumer              
  Discretionary Health Care Rights Total        
Balance as of 12/31/10 $2,896 $1,481 - $4,377        
Realized gain (loss) - - - -        
 
 
 
 
        478        

 


Changed in unrealized        
appreciation (depreciation) - (1,277) ($176) (1,453)
Purchases - - - -
Sales - - - -
Transfers into Level 3 - - 176 176
Transfers out of Level 3 - - - -
Balance as of 3-31-11 $2,896 $204 - $3,100
Change in unrealized at        
period end* - ($1,277) ($176) ($1,277)
  
Ultra Short Term Bond Trust      
 
  Asset Back      
  Securities      
Balance as of 12/31/10 -      
Realized gain (loss) $1      
Changed in unrealized        
appreciation (depreciation) 12      
Purchases 499,987      
Sales (44,056)      
Transfers into Level 3 -      
Transfers out of Level 3 -      
Balance as of 3-31-11 $455,944      
Change in unrealized at        
period end* $12      
  
Utilities Trust        
 
  Financials      
Balance as of 12/31/10 -      
Realized gain (loss) -      
Changed in unrealized        
appreciation (depreciation) ($42,381)      
Purchases 1,436,301      
Sales -      
Transfers into Level 3 -      
Transfers out of Level 3 -      
 
 
 
 
        479

 


Balance as of 3-31-11 $1,393,920
 
Change in unrealized at  
period end* ($42,381)

 

*Change in unrealized appreciation (depreciation) attributable to level 3 securities held at the period end.

In order to value the securities, the Portfolios use the following valuation techniques. Equity securities held by the Portfolios are valued at the last sale price or official closing price on the principal securities exchange on which they trade. In the event there were no sales during the day or closing prices are not available, then securities are valued using the last quoted bid or evaluated price. Investments by the Portfolios in underlying affiliated funds and/or other open-end management investment companies are valued at their respective net asset values each business day. Debt obligations are valued based on the evaluated prices provided by an independent pricing service, which utilizes both dealer-supplied and electronic data processing techniques, taking into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data. Foreign securities and currencies, including forward foreign currency contracts, are valued in U.S. dollars, based on foreign currency exchange rates supplied by an independent pricing service. Certain securities and forward foreign currency contracts traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading. Certain short-term securities are valued at amortized cost.

Other portfolio securities and assets, where market quotations are not readily available, are valued at fair value, as determined in good faith by the Portfolio’s Pricing Committee, following procedures established by the Board of Trustees. Generally, trading in non-U.S. securities is substantially completed each day at various times prior to the close of trading on the NYSE. Significant market events that affect the values of non-U.S. securities may occur between the time when the valuation of the securities is generally determined and the close of the NYSE. During significant market events, these securities will be valued at fair value, as determined in good faith, following procedures established by the Board of Trustees. The Portfolios may use a fair valuation model to value non-U.S. securities in order to adjust for events which may occur between the close of foreign exchanges and the close of the NYSE.

Repurchase agreements. The Portfolios may enter into repurchase agreements. When a Portfolio enters into a repurchase agreement, it receives collateral which is held in a segregated account by the Portfolio’s custodian. The collateral amount is marked-to-market and monitored on a daily basis to ensure that the collateral held is in an amount not less than the principal amount of the repurchase agreement plus any accrued interest. In the event of a default by the counterparty, realization of the collateral proceeds could be delayed, during which time the collateral value may decline. Collateral for certain tri-party repurchase agreements is held at a third-party custodian bank in a segregated account for the benefit of the Portfolios.

480

 


When-issued/delayed delivery securities. The Portfolios may purchase or sell debt securities on a when-issued or delayed-delivery basis, or in a “To Be Announced” (TBA) or “forward commitment” transaction, with delivery or payment to occur at a later date beyond the normal settlement period. TBA securities resulting from these transactions are included in the Portfolio of Investments or in a schedule to the Portfolio of Investments (TBA Sale Commitments Outstanding). At the time that the Portfolio enters into a commitment to purchase or sell a security, the transaction is recorded and the value of the security is reflected in the Portfolio’s net asset value. The price of such security and the date that the security will be delivered and paid for are fixed at the time the transaction is negotiated. The value of the security may vary with market fluctuations. No interest accrues to the Portfolio until payment takes place. At the time that the Portfolio enters into this type of transaction, the Portfolio is required to have sufficient cash and/or liquid securities to cover its commitments.

Certain risks may arise upon entering into when-issued or delayed-delivery securities transactions, including the potential inability of counterparties to meet the terms of their contracts, and the issuer’s failure to issue the securities due to political, economic, or other factors. Additionally, losses may arise due to declines in the value of the securities prior to settlement date.

Term loans (Floating rate loans). The Portfolios may invest in term loans, which often include debt securities that are rated below investment grade at the time of purchase. Term loans are generally subject to legal or contractual restrictions on resale. The liquidity of term loans, including the volume and frequency of secondary market trading in such loans, varies significantly over time and among individual loans. During periods of infrequent trading, valuing a term loan can be more difficult and buying and selling a term loan at an acceptable price can be more difficult and delayed, which could result in a loss.

A Portfolio’s ability to receive payments of principal, interest and other amounts in connection with term loans will depend primarily on the financial condition of the borrower. A Portfolio’s failure to receive scheduled payments on a term loan due to a default, bankruptcy or other reason, would adversely affect the Portfolio’s income and would likely reduce the value of its assets. Because many term loans are not rated by independent credit rating agencies, a decision to invest in a particular loan could depend exclusively on the subadviser’s credit analysis of the borrower and/or term loan agents. A Portfolio may have limited rights to enforce the terms of an underlying loan.

Stripped securities. Stripped mortgage backed securities are financial instruments structured to separate principal and interest cash flows so that one class receives the entire principal from the underlying mortgage assets (PO or principal only), while the other class receives the interest cash flows (IO or interest only). Both PO and IO investments represent an interest in the cash flows of an underlying stripped mortgage backed security. If the underlying mortgage assets experience greater than anticipated prepayments of principal, the Portfolio may fail to fully receive its initial investment in an IO security. The market value of these securities can be extremely volatile in response to changes in interest rates. In addition, these securities present additional credit risk such that the Portfolio may not receive all or part of its principal or interest payments because the borrower or issuer has defaulted on its obligation.

Cost of Investment Securities for Federal Income Tax Purposes The costs of investments owned on March 31, 2011, including short-term investments, for federal income tax purposes, were as follows:

481

 


        Net
        Unrealized
    Unrealized Unrealized Appreciation/
Portfolio Aggregate Cost Appreciation (Depreciation) (Depreciation)
 
500 Index Trust $5,293,005,881 $1,736,946,690 ($164,794,920) $1,572,151,770
500 Index Trust B 916,766,204 209,354,517 (152,087,654) 57,266,863
Active Bond Trust 1,313,605,679 100,849,102 (82,909,325) 17,939,777
All Cap Core Trust 400,857,155 38,214,223 (4,780,954) 33,433,269
All Cap Value Trust 354,828,675 72,921,448 (2,314,461) 70,606,987
Alpha Opportunities Trust 990,533,720 129,555,154 (26,929,528) 102,625,626
American Asset Allocation Trust 1,567,096,084 264,097,183 - 264,097,183
American Blue Chip Income & Growth Trust 263,985,519 22,392,645 - 22,392,645
American Bond Trust 1,005,325,379 - (34,471,440) (34,471,440)
American Fundamental Holdings Trust 1,007,293,843 187,986,043 - 187,986,043
American Global Diversification Trust 802,374,361 93,153,107 - 93,153,107
American Global Growth Trust 218,017,379 4,543,463 (19,848,495) (15,305,032)
American Global Small Capitalization Trust 107,036,345 1,453,544 - 1,453,544
American Growth Trust 1,319,716,590 39,092,210 - 39,092,210
American Growth-Income Trust 1,220,962,517 25,270,166 - 25,270,166
American High-Income Bond Trust 101,698,432 3,969,880 - 3,969,880
American International Trust 923,235,969 - (48,562,162) (48,562,162)
American New World Trust 96,734,172 3,734,522 - 3,734,522
Balanced Trust 104,721,074 13,297,647 (1,098,335) 12,199,312
Blue Chip Growth Trust 1,466,480,419 502,174,527 (14,827,576) 487,346,951
Bond Trust 5,638,794,740 59,412,838 (45,530,248) 13,882,590
 
 
 
482

 


Capital Appreciation Trust 937,252,158 269,394,444 (17,328,868) 252,065,576
Capital Appreciation Value Trust 336,872,804 45,166,987 (1,263,294) 43,903,693
Core Allocation Trust 99,630,277 9,443,803 (165,996) 9,277,807
Core Allocation Plus Trust 279,916,154 25,311,362 (3,662,493) 21,648,869
Core Balanced Trust 169,092,098 19,937,736 (176,740) 19,760,996
Core Balanced Strategy Trust 3,560,472 306,914 (79) 306,835
Core Bond Trust 2,044,367,538 10,370,163 (16,165,022) (5,794,859)
Core Disciplined Diversification Trust 165,134,388 17,781,710 (174,134) 17,607,576
Core Diversified Growth & Income Trust 3,686,964 248,570 (8,129) 240,441
Core Fundamental Holdings Trust 251,369,966 26,543,010 - 26,543,010
Core Global Diversification Trust 303,763,245 22,778,810 (198,929) 22,579,881
Core Strategy Trust 639,323,422 101,907,810 - 101,907,810
Disciplined Diversification Trust 313,940,314 82,232,721 (9,091,700) 73,141,021
Emerging Markets Value Trust 894,225,574 341,397,208 (47,549,119) 293,848,089
Equity-Income Trust 1,789,281,145 451,962,419 (82,048,091) 369,914,328
Financial Services Trust 169,205,294 28,117,802 (9,257,014) 18,860,788
Franklin Templeton Founding Allocation        
Trust 1,505,781,272 1,486,986 (89,101,484) (87,614,498)
Fundamental Value Trust 1,565,434,961 350,131,862 (37,606,487) 312,525,375
Global Trust 724,473,382 95,290,409 (94,059,884) 1,230,525
Global Bond Trust 1,040,920,167 40,042,200 (29,683,304) 10,358,896
Growth Equity Trust 427,229,423 101,737,540 (6,782,367) 94,955,173
Health Sciences Trust 131,320,051 38,312,134 (11,817,421) 26,494,713
Heritage Trust 133,364,750 33,372,102 (722,441) 32,649,661
 
 
 
  483  

 


High Income Trust 73,168,852 9,031,457 (16,562,968) (7,531,511)
High Yield Trust 264,236,367 20,648,204 (34,057,502) (13,409,298)
Income Trust 469,008,846 51,428,301 (38,018,003) 13,410,298
International Core Trust 904,605,146 112,409,850 (77,692,247) 34,717,603
International Equity Index Trust A 273,020,667 89,435,839 (9,562,612) 79,873,227
International Equity Index Trust B 310,265,470 93,653,662 (29,456,775) 64,196,887
International Growth Stock Trust 149,976,417 14,587,634 (2,734,934) 11,852,700
International Index Trust 1,889,442,323 510,266,785 (56,047,378) 454,219,407
International Opportunities Trust 424,835,288 77,845,363 (14,142,614) 63,702,749
International Small Company Trust 138,182,189 27,050,608 (31,498,201) (4,447,593)
International Value Trust 1,081,503,458 122,225,962 (91,108,494) 31,117,468
Investment Quality Bond Trust 392,812,188 16,676,800 (2,614,743) 14,062,057
Large Cap Trust 185,696,171 27,780,772 (10,735,319) 17,045,453
Large Cap Value Trust 186,479,454 12,129,959 (5,603,108) 6,526,851
Lifestyle Aggressive Trust 416,092,686 57,896,866 (5,342,121) 52,554,745
Lifestyle Balanced Trust 11,253,068,979 1,851,290,481 (42,447,564) 1,808,842,917
Lifestyle Conservative Trust 2,510,630,539 158,899,031 (752,408) 158,146,623
Lifestyle Growth Trust 12,667,964,099 2,323,412,782 (151,457,688) 2,171,955,094
Lifestyle Moderate Trust 3,265,765,615 418,641,320 (8,642,259) 409,999,061
Mid Cap Index Trust 1,221,097,492 338,851,240 (41,022,452) 297,828,788
Mid Cap Stock Trust 971,241,385 206,227,982 (23,509,807) 182,718,175
Mid Cap Value Equity Trust 140,873,410 41,491,629 (3,153,115) 38,338,514
Mid Value Trust 839,979,501 209,067,485 (14,926,040) 194,141,445
 
 
 
  484  

 


Mutual Shares Trust 646,602,356 99,668,003 (31,985,798) 67,682,205
Natural Resources Trust 303,319,723 55,027,766 (9,657,923) 45,369,843
New Income Trust 2,979,817,549 56,835,119 (23,811,468) 33,023,651
Optimized All Cap Trust 1,402,374,932 64,427,168 (33,717,662) 30,709,506
Optimized Value Trust 225,443,729 16,119,545 (9,130,465) 6,989,080
Real Estate Securities Trust 449,245,591 85,409,694 (27,922,476) 57,487,218
Real Return Bond Trust 188,553,684 3,681,476 (3,300,062) 381,414
Science & Technology Trust 433,034,513 94,406,431 (13,290,939) 81,115,492
Short Term Government Income Trust 612,809,350 3,597,089 (5,498,558) (1,901,469)
Small Cap Growth Trust 456,471,946 102,009,524 (2,637,181) 99,372,343
Small Cap Index Trust 687,818,438 346,007,169 (45,315,408) 300,691,761
Small Cap Opportunities Trust 158,163,708 61,607,804 (6,012,063) 55,595,741
Small Cap Value Trust 630,106,275 172,355,798 (21,466,042) 150,889,756
Small Company Growth Trust 101,661,472 34,988,492 (3,754,983) 31,233,509
Small Company Value Trust 465,643,465 119,260,513 (30,320,607) 88,939,906
Smaller Company Growth Trust 236,671,748 61,735,527 (5,849,622) 55,885,905
Strategic Income Opportunities Trust 405,219,644 43,596,499 (17,037,866) 26,558,633
Total Bond Market Trust A 1,522,126,153 50,407,169 (10,307,441) 40,099,728
Total Bond Market Trust B 152,935,322 8,170,150 (776,694) 7,393,456
Total Return Trust 3,938,813,476 80,640,933 (53,561,234) 27,079,699
Total Stock Market Index Trust 389,868,674 114,474,718 (47,007,630) 67,467,088
Ultra Short Term Bond Trust 67,263,647 44,743 (492,119) (447,376)
U.S. Multi-Sector Trust 789,074,933 119,973,452 (20,786,202) 99,187,250
 
 
 
  485  

 


Utilities Trust 187,341,903 38,107,209 (5,675,378) 32,431,831
Value Trust 232,642,906 68,454,908 (5,406,607) 63,048,301
Value & Restructuring Trust 363,541,889 89,969,422 (13,482,528) 76,486,894

 

Futures. A futures contract is a contractual agreement to buy or sell a particular commodity, currency, or financial instrument at a pre-determined price in the future. Risks related to the use of futures contracts include possible illiquidity of the futures markets, contract prices that can be highly volatile and imperfectly correlated to movements in hedged security values and/or interest rates. Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. Upon entering into a futures contract, the Portfolio is required to deposit initial margin with the broker in the form of cash or securities.

The following table summarizes the contracts held at March 31, 2011 and the range of futures contracts notional amounts held by the Portfolios during the period ended March 31, 2011. In addition the table details how the Portfolios used futures contracts during the period ended March 31, 2011.

500 Index Trust

The Portfolio used futures contracts to manage against anticipated changes in securities markets, maintain diversity and liquidity of the portfolio and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $59.5 million to $79.9 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
500 Index Trust S&P 500 Index Futures 242 Long Jun 2011 $79,920,500 $2,161,842
            $2,161,842

 

500 Index Trust B

The Portfolio used futures contracts to manage against anticipated changes in securities markets, maintain diversity and liquidity of the portfolio and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $27.3 million to $28.1 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
500 Index Trust B S&P 500 Index Futures 85 Long Jun 2011 $28,071,250 $351,083
            $351,083

 

486

 


Active Bond Trust

The Portfolio used futures to manage duration of the portfolio. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $15.3 million to $15.5 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
Active Bond Trust U.S. Treasury 30-Year Bond Futures 35 Long Jun 2011 $4,206,563 $32,713
  U.S. Treasury 5-Year Note Futures 95 Short Jun 2011 (11,094,961) (21,050)
            $11,663

 

All Cap Core Trust

The Portfolio used futures as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $2.0 million to $4.9 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
All Cap Core Trust E-Mini S&P 500 Index Futures 29 Long Jun 2011 $1,915,450 $28,638
  Russell 2000 Mini Index Futures 1 Long Jun 2011 84,170 4,205
            $32,843

 

Bond Trust

The Portfolio used futures to manage duration of the portfolio. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $89.9 million to $174.2 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
Bond Trust U.S. Treasury 30-Year Bond Futures 197 Long Jun 2011 $23,676,938 $184,130
  U.S. Treasury 5-Year Note Futures 550 Short Jun 2011 (64,233,985) (121,869)
  U.S. Treasury 10-Year Note Futures 725 Short Jun 2011 (86,297,656) (653,510)
            ($591,249)

 

487

 


Core Allocation Plus Trust

The Portfolio used futures to manage duration of the portfolio, manage against anticipated interest rate changes, manage against anticipated changes in securities markets, and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $33.1 million to $37.9 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
Core Allocation Plus Trust 10-Year German Euro-BOBL Futures 8 Long Jun 2011 $1,298,948 ($4,447)
  MSCI EAFE E-Mini Index Futures 146 Long Jun 2011 12,315,100 146,719
  U.S. Treasury 2-Year Note Futures 18 Long Jun 2011 3,926,250 (2,136)
  U.S. Treasury 5-Year Note Futures 47 Long Jun 2011 5,489,086 (45,331)
  Dow Jones Euro STOXX 50 Index Futures 17 Short Jun 2011 (685,188) (30,882)
  E-Mini S&P 500 Index Futures 28 Short Jun 2011 (1,849,400) (70,023)
  FTSE 100 Index Futures 6 Short Jun 2011 (566,395) (22,086)
  S&P TSE 60 Index Futures 2 Short Jun 2011 (333,079) (9,081)
  Topix Index Futures 5 Short Jun 2011 (520,558) (30,112)
  Ultra Long U.S. Treasury Bond Futures 5 Short Jun 2011 (617,813) 2,335
  U.S. Treasury 10-Year Note Futures 36 Short Jun 2011 (4,285,125) 9,946
  U.S. Treasury 30-Year Bond Futures 10 Short Jun 2011 (1,201,875) 10,856
            ($44,242)

 

Global Bond Trust

The Portfolio used futures contracts to manage duration of the portfolio, manage against anticipated interest rate changes, maintain diversity and liquidity of the Portfolio and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $99.1 million to $2.1 billion, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
Global Bond Trust 3-Month EURIBOR Futures 248 Long Jun 2011 $86,530,795 ($79,239)
3-Month EURIBOR Futures 1757 Long Sep 2011 611,050,754 (1,771,446)
3-Month EURIBOR Futures 1901 Long Dec 2011 659,380,018 (2,826,533)
10-Year Japan Government Bond Futures

 

488

 


Global Bond Trust 3-Month EuroYen TIBOR Futures 1691 Long Jun 2011 506,557,977 95,846
10-Year Japan Government Bond Futures 10 Long Jun 2011 16,776,869 90,166
Eurodollar Futures 610 Long Sep 2011 151,798,500 38,125
Eurodollar Futures 204 Long Dec 2011 50,691,450 25,500
U.S. Treasury 10-Year Note Futures 32 Long Jun 2011 3,809,000 (19,500)
U.K. Long Gilt Bond Futures 11 Short Jun 2011 (2,067,604) 7,524
          ($4,439,557)

 

High Yield Trust

The Portfolio used futures contracts to manage against anticipated interest rate changes. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $31.3 million to $31.7 million as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
High Yield Trust U.S. Treasury Long-Term Bond Futures 49 Long Jun 2011 $6,054,563 $180,888
  U.S. Treasury 5-Year Note Futures 216 Short Jun 2011 (25,226,438) (134,155)
            $46,733

 

International Core Trust

The Portfolio used futures as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $60.5 million to $69.9 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
International Core Trust DAX Index Futures 44 Long Jun 2011 $11,034,811 $574,331
  FTSE 100 Index Futures 144 Long Jun 2011 13,593,470 595,634
  FTSE MIB Index Futures 88 Long Jun 2011 13,315,042 144,998
  SGX MSCI Singapore Index Futures 71 Long Apr 2011 4,133,265 88,385
  TOPIX Index Futures 31 Long Jun 2011 3,227,459 (259,702)
  ASX SPI 200 Index Futures 123 Short Jun 2011 (15,473,743) (773,337)
  S&P TSE 60 Index Futures 55 Short Jun 2011 (9,159,670) (283,917)
            $86,392

 

489

 


International Equity Index Trust A

The Portfolio used futures contracts as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $15.0 million to $15.2 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
International Equity Index Trust A ASX SPI 200 Index Futures 6 Long Jun 2011 $754,817 $38,977
  CAC 40 Index Futures 23 Long Jun 2011 1,265,361 82,956
  DAX Index Futures 6 Long Jun 2011 1,504,747 108,522
  FTSE 100 Index Futures 22 Long Jun 2011 2,076,780 83,928
  FTSE MIB Index Futures 2 Long Jun 2011 302,615 7,412
  Hang Seng Index Futures 5 Long Apr 2011 755,764 14,096
  IBEX 35 Index Futures 3 Long Apr 2011 449,309 18,516
  MSCI Taiwan Index Futures 70 Long Apr 2011 2,149,700 19,952
  OMX 30 Index Futures 77 Long Apr 2011 1,367,833 97,959
  S&P TSE 60 Index Futures 5 Long Jun 2011 832,697 28,324
  Topix Index Futures 36 Long Jun 2011 3,748,016 (306,516)
            $194,126

 

International Equity Index Trust B

The Portfolio used futures contracts as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $11.7 million to $11.8 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
International Equity Index Trust B ASX SPI 200 Index Futures 7 Long Jun 2011 $880,619 $46,357
  CAC 40 Index Futures 26 Long Jun 2011 1,430,408 93,776
  DAX Index Futures 2 Long Jun 2011 501,582 36,174
  FTSE 100 Index Futures 15 Long Jun 2011 1,415,986 74,054
  FTSE MIB Index Futures 1 Long Jun 2011 151,307 3,706

 

490

 


Hang Seng Index Futures 3 Long Apr 2011 453,459 8,094
IBEX 35 Index Futures 1 Long Apr 2011 149,770 6,172
MSCI Taiwan Index Futures 58 Long Apr 2011 1,781,180 16,506
OMX 30 Index Futures 30 Long Apr 2011 532,922 38,166
S&P TSE 60 Index Futures 7 Long Jun 2011 1,165,776 39,654
Topix Index Futures 31 Long Jun 2011 3,227,459 (264,498)
          $98,161

 

International Index Trust

The Portfolio used futures contracts to manage against anticipated currency exchange rate changes or changes in securities markets, maintain diversity and liquidity of the portfolio and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $53.0 million to $54.2 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
International Index Trust ASX SPI 200 Index Futures 23 Long Jun 2011 $2,893,464 $14,583
  Australian Dollar Currency Futures 28 Long Jun 2011 2,876,440 80,520
  Euro Currency Futures 55 Long Jun 2011 9,749,438 206,015
  Hang Seng Index Futures 6 Long Jun 2011 894,730 (12,079)
  Japanese Yen Currency Futures 37 Long Jun 2011 5,568,500 (29,758)
  MSCI Pan-Euro Index Futures 712 Long Jun 2011 18,120,448 578,183
  Pound Sterling Currency Futures 59 Long Jun 2011 5,919,175 (33,071)
  Swiss Franc Currency Futures 16 Long Jun 2011 2,183,600 44,332
  Topix Index Futures 58 Long Jun 2011 6,038,471 (492,630)
            $356,095

 

Investment Quality Bond Trust

The portfolio used futures contracts to manage duration of the Portfolio, manage against anticipated interest rate changes and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $61.3 million to $121.0 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)

 

491

 


Investment Quality Bond Trust U.K. Long Gilt Bond Futures 157 Long Jun 2011 $18,335,883 $33,909
  U.S. Treasury 30-Year Bond Futures 39 Long Jun 2011 6,332,373 (21,680)
  10-Year German Euro-BUND Futures 6 Short Jun 2011 (1,308,750) 62
  30-Year German Euro-BUXL Futures 239 Short Jun 2011 (28,448,469) (26,335)
  U.S. Treasury 5-Year Note Futures 13 Short Jun 2011 (1,606,313) (1,824)
  U.S. Treasury Long-Term Bond Futures 44 Short Jun 2011 (5,288,250) 45,110
          ($11,983,526) $29,242

 

Mid Cap Index Trust

The Portfolio used futures contracts to manage against anticipated changes in securities markets, maintain diversity and liquidity of the portfolio and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $14.8 million to $26.8 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
Mid Cap Index Trust S&P MidCap 400 E Mini Index Futures 271 Long Jun 2011 $26,755,830 $855,717
            $855,717

 

New Income Trust

The Portfolio used futures contracts to manage duration of the Portfolio and manage against anticipated interest rate changes. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values up to approximately $203.5 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
New Income Trust U.S. Treasury Long-Term Bond Futures 2 Long Jun 2011 $247,125 $1,430
  U.S. Treasury 5-Year Note Futures 1,740 Short Jun 2011 (203,212,970) 999,965
            $1,001,394

 

Real Return Bond Trust

The Portfolio used futures contracts to gain exposure to short-term interest rates, manage duration of the Portfolio and manage against anticipated interest rate changes. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $21.6 million to $24.6 million, as measured at each quarter end.

492

 


            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
Real Return Bond Trust Eurodollar Futures 24 Long Sep 2011 $5,972,400 $5,125
  Eurodollar Futures 19 Long Dec 2011 4,721,263 (1,738)
  Eurodollar Futures 41 Long Mar 2012 10,162,363 (9,800)
  Eurodollar Futures 15 Long Jun 2012 3,704,813 (8,250)
            ($14,663)

 

Small Cap Index Trust

The Portfolio used futures contracts to manage against anticipated changes in securities markets, maintain diversity and liquidity of the portfolio and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $7.2 million to $14.9 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
Small Cap Index Trust Russell 2000 Mini Index Futures 85 Long Jun 2011 $7,154,450 $221,933
            $221,933

 

Smaller Company Growth Trust

The Portfolio used futures contracts to manage against anticipated changes in securities markets, maintain diversity and liquidity of the portfolio and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $589.2 thousand to $1.3 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
Smaller Company Growth Trust Russell 2000 Mini Index Futures 7 Long Jun 2011 $589,190 $18,277
            $18,277

 

Strategic Income Opportunities Trust

The Portfolio used futures contracts to manage duration of the portfolio. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values up to approximately $54.9 million, as measured at each quarter end.

493

 


            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
Strategic Income Opportunities Trust U.S. Treasury 10-Year Note Futures 461 Short Jun 2011 ($54,873,406) ($224,494)
            ($224,494)

 

Total Return Trust

The Portfolio used futures contracts to manage duration of the portfolio, manage against anticipated interest rate changes, maintain diversity and liquidity of the Portfolio and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $2.4 billion to $5.5 billion, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
Total Return Trust Eurodollar Futures 4408 Long Dec 2011 $1,095,332,900 $1,575,950
  Eurodollar Futures 3473 Long Sep 2011 864,256,050 1,013,625
  Eurodollar Futures 3379 Long Jun 2012 834,570,763 (841,325)
  Eurodollar Futures 812 Long Sep 2012 199,772,300 (1,484,263)
  Eurodollar Futures 442 Long Dec 2012 108,345,250 (863,150)
  Eurodollar Futures 8961 Long Mar 2012 2,221,095,863 345,675
  U.S. Treasury 2-Year Note Futures 511 Long Jun 2011 111,461,875 48,813
  U.S. Treasury 10-Year Note Futures 806 Short Jun 2011 (95,939,188) (339,125)
            ($543,800)

 

Total Stock Market Index Trust

The Portfolio used futures contracts to manage against anticipated changes in securities markets, maintain diversity and liquidity of the portfolio and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held futures contracts with total notional absolute values ranging from approximately $4.3 million to $5.7 million, as measured at each quarter end.

            UNREALIZED
    NUMBER OF   EXPIRATION   APPRECIATION
PORTFOLIO OPEN CONTRACTS CONTRACTS POSITION DATE VALUE (DEPRECIATION)
Total Stock Market Index Trust Russell 2000 Mini Index Futures 6 Long Jun 2011 $505,020 $15,666
  S&P 500 Index Futures 11 Long Jun 2011 3,632,750 28,660
  S&P MidCap 400 E Mini Index Futures 2 Long Jun 2011 197,460 5,852

 

494

 


$50,178

 

Forward foreign currency contracts. A forward foreign currency contract is an agreement between two parties to buy and sell a specific currency at a price that is set on the date of the contract. The forward contract calls for delivery of the currency on a future date that is specified in the contract. Risks related to the use of forwards include the possible failure of counterparties to meet the terms of the forward agreement, the failure of the counterparties to timely post collateral, the risk that currency movements will not occur thereby reducing the Portfolio’s total return.

The market value of a forward foreign currency contract fluctuates with changes in foreign currency exchange rates. Forward foreign currency contracts are marked-to-market daily and the change in value is recorded by a Portfolio as an unrealized gain or loss. Realized gains or losses, equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, are recorded upon delivery or receipt of the currency.

The following table summarizes the contracts held at March 31, 2011 and the range of notional contracts amounts held by the Portfolios during the period ended March 31, 2011. In addition, the table details how the Portfolios used forward foreign currency contracts during the period ended March 31, 2011.

Active Bond Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with USD notional absolute values ranging from approximately $3.7 million to $5.6 million, as measured at each quarter end.

    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
Active Bond Trust BUYS          
  Pound Sterling 1,134,742 $1,815,587 Royal Bank of Scotland 6/30/2011 $2,512
      $1,815,587     $2,512
 
  SELLS          
  Pound Sterling 2,380,086 $3,831,938 Royal Bank of Canada 6/30/2011 $18,532
      $3,831,938     $18,532

 

Alpha Opportunities Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with USD notional absolute values up to approximately $4.4 million, as measured at each quarter end.

495

 


    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
Alpha Opportunities Trust SELLS          
  Japanese Yen 344,010,000 $4,376,439 Bank of America N.A. 9/16/2011 $234,440
      $4,376,439     $234,440

 

Core Allocation Plus Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes and gain exposure to foreign currencies. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with USD notional absolute values ranging from approximately $8.1 to $24.4 million, as measured at each quarter end.

    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
Core Allocation Plus Trust BUYS          
  Australian Dollar 152,000 $148,852 Barclays Bank PLC 6/15/2011 $6,971
  Australian Dollar 153,000 149,818 HSBC Bank USA 6/15/2011 7,030
  Australian Dollar 383,000 374,991 UBS AG 6/15/2011 17,641
  Australian Dollar 538,000 525,858 Westpac Banking Corp. 6/15/2011 25,672
  Canadian Dollar 150,000 151,556 HSBC Bank USA 6/15/2011 2,911
  Canadian Dollar 590,000 599,219 Royal Bank of Canada 6/15/2011 8,352
  Canadian Dollar 300,000 303,993 UBS AG 6/15/2011 4,942
  Canadian Dollar 311,000 312,980 BNP Paribas SA 6/16/2011 7,275
  Canadian Dollar 470,000 482,121 Westpac Banking Corp. 6/16/2011 1,866
  Euro 220,000 304,942 Bank of America N.A. 6/15/2011 6,398
  Euro 108,000 149,110 HSBC Bank USA 6/15/2011 3,730
  Euro 327,000 461,969 Royal Bank of Scotland PLC 6/15/2011 796
  Euro 215,000 287,814 BNP Paribas SA 6/16/2011 16,444
  Euro 652,000 906,713 BNP Paribas SA 6/17/2011 15,945
  Euro 168,000 232,955 Citibank N.A. 6/17/2011 4,786

 

496

 


Japanese Yen 53,830,000 671,653 BNP Paribas SA 6/9/2011 (24,234)
Japanese Yen 18,140,000 223,111 Citibank N.A. 6/9/2011 (4,939)
Mexican Peso 8,600,000 707,647 Citibank N.A. 6/15/2011 10,731
Norwegian Krone 1,265,000 222,400 Citibank N.A. 6/15/2011 5,456
Norwegian Krone 1,265,000 222,395 HSBC Bank USA 6/15/2011 5,461
Pound Sterling 280,000 447,530 Barclays Bank PLC 6/15/2011 1,203
Pound Sterling 422,000 676,206 Royal Bank of Scotland PLC 6/15/2011 99
Pound Sterling 396,000 634,106 BNP Paribas SA 6/17/2011 509
Pound Sterling 116,000 185,435 Citibank N.A. 6/17/2011 462
Swedish Krona 1,435,000 224,916 Bank of America N.A. 6/15/2011 1,601
Swedish Krona 1,435,000 224,421 JPMorgan Chase Bank 6/15/2011 2,096
Swiss Franc 840,000 929,481 JPMorgan Chase Bank 6/15/2011 (14,436)
    $10,762,192     $114,768
 
SELLS          
Australian Dollar 307,000 $305,726 Bank of America N.A. 6/15/2011 ($8,995)
Australian Dollar 766,000 758,834 Deutsche Bank AG London 6/15/2011 (26,430)
Australian Dollar 153,000 149,934 JPMorgan Chase Bank 6/15/2011 (6,914)
Brazilian Real 485,000 286,982 Royal Bank of Canada 6/2/2011 (6,649)
Canadian Dollar 450,000 458,667 Bank of America N.A. 6/15/2011 (4,735)
Canadian Dollar 372,000 380,754 Royal Bank of Canada 6/15/2011 (2,325)
Canadian Dollar 295,000 302,245 UBS AG 6/15/2011 (1,541)
Canadian Dollar 148,000 151,733 Westpac Banking Corp. 6/15/2011 (674)
Canadian Dollar 1,099,000 1,118,044 Royal Bank of Canada 6/16/2011 (13,662)
Euro 220,000 306,819 BNP Paribas SA 6/15/2011 (4,522)
Euro 109,000 154,591 Credit Suisse London Branch 6/15/2011 336
Euro 218,000 308,159 Goldman Sachs International 6/15/2011 (351)
Euro 108,000 150,169 Royal Bank of Scotland PLC 6/15/2011 (2,671)
Euro 107,000 147,139 Barclays Bank PLC 6/16/2011 (4,282)
Euro 108,000 148,549 Standard Chartered Bank 6/16/2011 (4,288)
Euro 1,246,000 1,743,014 Royal Bank of Canada 6/17/2011 (20,225)
Japanese Yen 104,130,000 1,279,188 Citibank N.A. 6/9/2011 26,804
Japanese Yen 9,351,000 113,409 Morgan Stanley Company, Inc. 6/9/2011 943
 
 
 
 
497

 


Mexican Peso 8,600,000 710,597 Royal Bank of Canada 6/15/2011 (7,781)
New Zealand Dollar 151,000 113,137 Bank of America N.A. 6/15/2011 (1,534)
New Zealand Dollar 303,000 227,890 Westpac Banking Corp. 6/15/2011 (2,211)
Norwegian Krone 1,265,000 225,359 Bank of America N.A. 6/15/2011 (2,496)
Norwegian Krone 253,000 45,166 Citibank N.A. 6/15/2011 (405)
Norwegian Krone 1,012,000 180,299 UBS AG 6/15/2011 (1,986)
Pound Sterling 71,000 114,743 Barclays Bank PLC 6/15/2011 957
Pound Sterling 71,000 115,302 BNP Paribas SA 6/15/2011 1,516
Pound Sterling 560,000 905,764 Deutsche Bank AG London 6/15/2011 8,298
Pound Sterling 835,000 1,344,602 Royal Bank of Canada 6/17/2011 6,462
Swedish Krona 1,435,000 223,182 Citibank N.A. 6/15/2011 (3,335)
Swedish Krona 1,435,000 223,150 HSBC Bank USA 6/15/2011 (3,367)
Swiss Franc 280,000 311,051 BNP Paribas SA 6/15/2011 6,035
Swiss Franc 140,000 152,300 Goldman Sachs International 6/15/2011 (208)
Swiss Franc 420,000 458,607 UBS AG 6/15/2011 1,084
    $13,615,105     ($79,152)

 

Global Bond Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes, gain exposure to foreign currencies and to maintain diversity and liquidity of the Portfolio. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with USD notional absolute values ranging from approximately $995.4 million to $1.0 billion, as measured at each quarter end.

    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT

 

     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
Global Bond Trust BUYS          
  Australian Dollar 9,808,000 $10,164,739 UBS AG 4/5/2011 ($21,093)
  Australian Dollar 7,972,000 7,824,040 Barclays Bank PLC 4/29/2011 396,337
  Australian Dollar 949,000 948,447 Credit Suisse London Branch 4/29/2011 30,121
  Australian Dollar 200,000 196,210 Royal Bank of Scotland PLC 4/29/2011 10,021
  Brazilian Real 688,297 405,692 Barclays Capital 4/4/2011 15,891
  Brazilian Real 688,297 406,315 Citibank N.A. 6/2/2011 10,398
  Canadian Dollar 26,217,000 26,824,769 BNP Paribas SA 6/20/2011 169,974

 

498

 


Chinese Yuan Renminbi 6,700,503 1,012,000 Barclays Capital 4/7/2011 11,407
Chinese Yuan Renminbi 3,468,435 524,000 Credit Suisse First Boston London 4/7/2011 5,754
Chinese Yuan Renminbi 2,163,510 327,000 HSBC Bank USA 4/7/2011 3,446
Chinese Yuan Renminbi 2,639,385 399,000 JPMorgan Chase Bank 4/7/2011 4,129
Chinese Yuan Renminbi 10,922,175 1,650,000 Morgan Stanley Company, Inc. 4/7/2011 18,208
Chinese Yuan Renminbi 20,376,222 3,050,993 Barclays Capital 6/15/2011 73,343
Chinese Yuan Renminbi 15,201,495 2,317,444 Deutsche Bank AG London 6/15/2011 13,439
Chinese Yuan Renminbi 9,732,400 1,450,000 HSBC Bank USA 6/15/2011 42,293
Chinese Yuan Renminbi 18,278,500 2,780,000 JPMorgan Chase Bank 6/15/2011 22,688
Chinese Yuan Renminbi 37,525,544 5,602,905 Royal Bank of Scotland PLC 6/15/2011 150,980
Chinese Yuan Renminbi 7,648,395 1,151,000 Bank of America N.A. 9/14/2011 27,104
Chinese Yuan Renminbi 7,529,760 1,134,000 Citibank N.A. 9/14/2011 25,830
Chinese Yuan Renminbi 21,778,848 3,276,000 HSBC Bank USA 9/14/2011 78,657
Chinese Yuan Renminbi 44,438,815 6,675,000 JPMorgan Chase Bank 9/14/2011 170,035
Chinese Yuan Renminbi 1,174,000 182,724 Barclays Capital 11/15/2011 (1,244)
Chinese Yuan Renminbi 7,061,479 1,086,967 Citibank N.A. 11/15/2011 4,611
Chinese Yuan Renminbi 2,884,000 449,011 JPMorgan Chase Bank 11/15/2011 (3,197)
Chinese Yuan Renminbi 4,482,200 730,000 Bank of America N.A. 9/8/2015 10,134
Chinese Yuan Renminbi 8,950,800 1,468,946 Barclays Capital 9/8/2015 9,077
Chinese Yuan Renminbi 32,283,693 5,336,196 Citibank N.A. 9/8/2015 (5,273)
Chinese Yuan Renminbi 6,380,000 1,055,680 JPMorgan Chase Bank 9/8/2015 (2,167)
Chinese Yuan Renminbi 4,368,300 710,000 Morgan Stanley Company, Inc. 9/8/2015 11,326
Danish Krone 32,422,000 5,998,586 BNP Paribas SA 5/5/2011 161,095
Euro 2,800,000 3,945,508 Bank of America N.A. 4/4/2011 22,650
Euro 878,000 1,209,673 Bank of America N.A. 4/19/2011 34,268
Euro 23,789,000 32,466,595 Barclays Bank PLC 4/19/2011 1,237,406
Euro 1,659,000 2,352,148 BNP Paribas SA 4/19/2011 (1,695)
Euro 5,233,000 7,228,864 Citibank N.A. 4/19/2011 185,194
Euro 4,356,000 6,151,791 JPMorgan Chase Bank 4/19/2011 19,743
Euro 1,855,000 2,576,419 Royal Bank of Canada 4/19/2011 51,725
Euro 49,522,000 67,432,956 Royal Bank of Scotland PLC 4/19/2011 2,729,284
Euro 4,649,000 6,543,133 UBS AG 4/19/2011 43,521
Indian Rupee 414,540,490 8,844,048 Citibank N.A. 8/12/2011 232,689
 
 
 
 
499

 


Indian Rupee 43,400,000 928,342 Deutsche Bank AG London 8/12/2011 21,940
Indian Rupee 45,523,006 979,305 HSBC Bank USA 8/12/2011 17,462
Indian Rupee 14,764,826 317,779 Royal Bank of Scotland PLC 8/12/2011 5,510
Indonesian Rupiah 25,281,600,000 2,748,000 JPMorgan Chase Bank 4/15/2011 150,424
Indonesian Rupiah 10,953,060,000 1,187,194 Citibank N.A. 7/27/2011 47,040
Indonesian Rupiah 11,626,540,000 1,239,635 HSBC Bank USA 7/27/2011 70,489
Indonesian Rupiah 2,798,000,000 304,826 JPMorgan Chase Bank 7/27/2011 10,463
Indonesian Rupiah 5,426,000,000 585,013 Deutsche Bank AG London 10/31/2011 17,515
Indonesian Rupiah 11,453,890,000 1,240,730 Royal Bank of Scotland PLC 10/31/2011 31,164
Indonesian Rupiah 25,281,600,000 2,797,566 Citibank N.A. 1/31/2012 (28,155)
Japanese Yen 120,000,000 1,455,805 Barclays Bank PLC 4/4/2011 (13,151)
Japanese Yen 214,458,741 2,583,000 JPMorgan Chase Bank 4/6/2011 (4,723)
Japanese Yen 120,000,000 1,448,406 Citibank N.A. 4/25/2011 (5,586)
Japanese Yen 21,853,114,000 270,440,254 JPMorgan Chase Bank 4/25/2011 (7,689,427)
Japanese Yen 180,565,129 2,191,000 BNP Paribas SA 4/28/2011 (19,940)
Malaysian Ringgit 700,000 227,457 Barclays Capital 8/11/2011 1,662
Malaysian Ringgit 2,800,000 908,716 Citibank N.A. 8/11/2011 7,762
Malaysian Ringgit 1,190,632 386,883 HSBC Bank USA 8/11/2011 2,827
Malaysian Ringgit 700,000 227,162 JPMorgan Chase Bank 8/11/2011 1,957
Mexican Peso 2,167,082 177,000 Deutsche Bank AG London 7/7/2011 3,681
Mexican Peso 146,326,452 11,789,085 HSBC Bank USA 7/7/2011 410,941
Mexican Peso 23,785,822 1,921,000 UBS AG 7/7/2011 62,152
Norwegian Krone 43,135,000 7,488,260 Barclays Bank PLC 5/5/2011 299,117
Norwegian Krone 9,668,000 1,728,106 Credit Suisse London Branch 5/5/2011 17,306
Norwegian Krone 2,745,000 488,947 UBS AG 5/5/2011 6,622
Philippine Peso 13,000,000 301,484 Bank of America N.A. 6/15/2011 (2,695)
Philippine Peso 201,550,000 4,620,179 Citibank N.A. 6/15/2011 12,199
Philippine Peso 46,030,000 1,049,476 Deutsche Bank AG London 6/15/2011 8,467
Philippine Peso 34,581,000 790,062 HSBC Bank USA 6/15/2011 4,740
Philippine Peso 47,286,000 1,078,358 JPMorgan Chase Bank 6/15/2011 8,452
Philippine Peso 100,365,600 2,280,000 Morgan Stanley Company, Inc. 6/15/2011 26,780
Philippine Peso 30,062,500 699,372 Royal Bank of Scotland PLC 6/15/2011 (8,422)
Pound Sterling 18,927,000 30,377,267 Bank of America N.A. 6/13/2011 (43,517)
 
 
 
 
500

 


Pound Sterling 508,000 817,863 BNP Paribas SA 6/13/2011 (3,706)
Pound Sterling 1,369,000 2,190,244 Credit Suisse London Branch 6/13/2011 3,812
Pound Sterling 1,973,000 3,182,627 Royal Bank of Canada 6/13/2011 (20,557)
Singapore Dollar 664,827 519,975 Barclays Bank PLC 9/9/2011 7,697
Singapore Dollar 300,000 234,536 Citibank N.A. 9/9/2011 3,573
Singapore Dollar 200,000 156,357 JPMorgan Chase Bank 9/9/2011 2,383
Singapore Dollar 200,000 155,554 Royal Bank of Scotland PLC 9/9/2011 3,186
South African Rand 273,692 40,008 JPMorgan Chase Bank 7/28/2011 (218)
South Korean Won 2,290,580,000 2,035,444 Barclays Capital 5/9/2011 54,033
South Korean Won 4,497,540,000 3,986,572 Citibank N.A. 5/9/2011 116,103
South Korean Won 128,661,439 113,378 Goldman Sachs International 5/9/2011 3,987
South Korean Won 301,000,000 268,128 HSBC Bank USA 5/9/2011 6,446
South Korean Won 10,347,179,800 8,946,113 JPMorgan Chase Bank 5/9/2011 492,630
South Korean Won 604,000,000 533,875 Royal Bank of Scotland PLC 5/9/2011 17,096
South Korean Won 2,485,650,000 2,190,000 Barclays Capital 8/12/2011 81,635
South Korean Won 2,994,321,000 2,663,394 Morgan Stanley Company, Inc. 8/12/2011 73,115
South Korean Won 3,757,000,000 3,364,980 Royal Bank of Scotland PLC 8/12/2011 68,541
Swedish Krona 32,509,000 5,042,090 BNP Paribas SA 5/5/2011 100,675
Taiwan Dollar 20,000,000 678,702 Barclays Capital 4/6/2011 1,455
Taiwan Dollar 746,615 25,005 Deutsche Bank AG London 4/6/2011 385
Taiwan Dollar 93,967,990 3,269,000 HSBC Bank USA 4/6/2011 (73,350)
Taiwan Dollar 74,714,605 2,535,449 JPMorgan Chase Bank 4/6/2011 5,435
Taiwan Dollar 20,000,000 698,568 Barclays Capital 1/11/2012 (12,397)
Taiwan Dollar 74,714,605 2,602,299 JPMorgan Chase Bank 1/11/2012 (38,951)
    $637,124,629     $322,173
 
SELLS          
Australian Dollar 2,478,000 $2,535,267 Bank of America N.A. 4/5/2011 ($27,535)
Australian Dollar 1,104,000 1,135,309 Barclays Bank PLC 4/5/2011 (6,471)
Australian Dollar 1,183,000 1,210,641 Citibank N.A. 4/5/2011 (12,843)
Australian Dollar 2,592,000 2,653,197 Credit Suisse London Branch 4/5/2011 (27,505)
Australian Dollar 1,154,000 1,186,485 HSBC Bank USA 4/5/2011 (7,007)
Australian Dollar 1,297,000 1,328,600 Royal Bank of Scotland PLC 4/5/2011 (12,785)
 
 
 
 
501

 


Australian Dollar 129,000 132,955 Citibank N.A. 4/6/2011 (443)
Australian Dollar 1,869,000 1,926,490 Credit Suisse London Branch 4/6/2011 (6,230)
Australian Dollar 1,421,000 1,463,850 HSBC Bank USA 4/6/2011 (5,597)
Australian Dollar 5,812,000 5,946,605 Credit Suisse London Branch 4/29/2011 (46,474)
Australian Dollar 11,398,000 11,142,856 Deutsche Bank AG London 4/29/2011 (610,261)
Australian Dollar 10,912,000 11,259,061 UBS AG 4/29/2011 7,086
Brazilian Real 688,297 411,907 Citibank N.A. 4/4/2011 (9,675)
Canadian Dollar 1,600,000 1,636,770 Morgan Stanley Company, Inc. 4/29/2011 (12,597)
Canadian Dollar 1,400,000 1,432,943 Deutsche Bank AG London 5/2/2011 (10,162)
Canadian Dollar 3,500,000 3,580,777 Goldman Sachs International 5/2/2011 (26,987)
Canadian Dollar 627,000 640,777 HSBC Bank USA 5/2/2011 (5,528)
Canadian Dollar 2,507,000 2,560,561 Royal Bank of Canada 5/2/2011 (23,629)
Canadian Dollar 25,664,000 26,271,854 Barclays Bank PLC 6/20/2011 (153,484)
Chilean Peso 10,248,800 20,852 Deutsche Bank AG London 6/3/2011 (489)
Chinese Yuan Renminbi 25,894,007 3,946,626 Citibank N.A. 4/7/2011 (8,318)
Chinese Yuan Renminbi 23,754,344 3,628,000 Barclays Capital 6/15/2011 (14,312)
Euro 2,800,000 3,954,843 Citibank N.A. 4/4/2011 (13,315)
Euro 129,000 183,035 Citibank N.A. 4/6/2011 223
Euro 4,571,000 6,206,412 Bank of America N.A. 4/19/2011 (269,732)
Euro 19,948,000 26,923,018 Citibank N.A. 4/19/2011 (1,339,095)
Euro 17,743,000 24,284,578 Deutsche Bank AG London 4/19/2011 (853,515)
Euro 11,562,000 16,341,731 Morgan Stanley Company, Inc. 4/19/2011 (39,187)
Euro 6,389,000 8,821,911 Royal Bank of Canada 4/19/2011 (229,956)
Euro 23,427,000 32,220,792 Royal Bank of Scotland PLC 4/19/2011 (970,330)
Euro 19,948,000 26,891,420 UBS AG 4/19/2011 (1,370,693)
Indonesian Rupiah 25,281,600,000 2,900,264 Citibank N.A. 4/15/2011 1,840
Indonesian Rupiah 35,678,610,000 4,059,000 Citibank N.A. 7/27/2011 38,594
Japanese Yen 120,000,000 1,448,242 Citibank N.A. 4/4/2011 5,587
Japanese Yen 2,740,000,000 33,021,676 Royal Bank of Scotland PLC 4/11/2011 79,809
Japanese Yen 322,070,000 3,914,293 Citibank N.A. 4/14/2011 42,118
Japanese Yen 8,380,000 101,768 JPMorgan Chase Bank 4/14/2011 1,018
Japanese Yen 566,983,000 6,855,486 Royal Bank of Canada 4/14/2011 38,777
Japanese Yen 2,670,000,000 33,025,753 Royal Bank of Scotland PLC 6/27/2011 907,131
 
 
 
 
502

 


Malaysian Ringgit 23,190 7,495 Citibank N.A. 8/11/2011 (95)
Mexican Peso 30,124,016 2,492,000 Citibank N.A. 7/7/2011 (19,602)
Mexican Peso 57,807,288 4,792,000 HSBC Bank USA 7/7/2011 (27,706)
Mexican Peso 21,914,582 1,815,000 Morgan Stanley Company, Inc. 7/7/2011 (12,137)
New Zealand Dollar 3,718,000 2,741,746 Barclays Bank PLC 4/29/2011 (90,439)
New Zealand Dollar 5,822,000 4,383,093 UBS AG 4/29/2011 (51,813)
Norwegian Krone 6,909,000 1,235,877 Royal Bank of Scotland PLC 4/6/2011 (13,305)
Pound Sterling 2,499,000 4,011,970 Bank of America N.A. 6/13/2011 6,895
South Korean Won 3,913,628,900 3,519,000 Barclays Capital 5/9/2011 (51,029)
South Korean Won 1,476,483,000 1,338,000 Citibank N.A. 5/9/2011 (8,854)
South Korean Won 6,634,622,750 6,008,000 JPMorgan Chase Bank 5/9/2011 (44,132)
South Korean Won 2,403,485,000 2,150,000 Royal Bank of Scotland PLC 5/9/2011 (42,469)
Swiss Franc 99,000 105,371 BNP Paribas SA 5/5/2011 (2,440)
Taiwan Dollar 20,000,000 679,810 Barclays Capital 4/6/2011 (348)
Taiwan Dollar 746,615 25,336 Deutsche Bank AG London 4/6/2011 (54)
Taiwan Dollar 93,967,990 3,188,815 HSBC Bank USA 4/6/2011 (6,836)
Taiwan Dollar 74,714,605 2,534,761 JPMorgan Chase Bank 4/6/2011 (6,123)
    $358,234,879     ($5,362,459)

 

Heritage Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with USD notional absolute values ranging from approximately $508.2 thousand to $626.8 thousand, as measured at each quarter end.

    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
Heritage Trust SELLS          
  Pound Sterling 391,583 $626,798 Bank of America N.A. 4/28/2011 ($1,209)
      $626,798     ($1,209)

 

High Income Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with total USD notional absolute values ranging from approximately $4.6 million to $4.7 million, as measured at each quarter end.

503

 


    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
High Income Trust BUYS          
  Canadian Dollar 589,302 $603,051 Toronto Dominion Bank 6/30/2011 $3,594
      $603,051     $3,594
 
  SELLS          
  Canadian Dollar 3,940,000 $4,026,695 State Street Bank & Trust Company 6/30/2011 ($29,266)
      $4,026,695     ($29,266)

 

High Yield Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended March 31, 2011 the Portfolio held forward foreign currency contracts with total USD notional absolute values ranging from approximately $6.8 million to $18.3 million, as measured at each quarter end.

    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
High Yield Trust BUYS          
  Euro 277,409 $394,045 Barclays Bank PLC 5/18/2011 ($1,235)
  Euro 1,000,000 1,382,410 Citibank N.A. 5/18/2011 33,583
      $1,776,455     $32,348
 
  SELLS          
  Euro 622,300 $864,810 JPMorgan Chase Bank 4/15/2011 ($16,926)
  Euro 2,040,538 2,780,944 Citibank N.A. 5/18/2011 (108,445)
  Euro 988,476 1,354,044 UBS AG 5/18/2011 (45,631)
      $4,999,798     ($171,002)
 
International Core Trust            

 

504

 


The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with total USD notional absolute values ranging from approximately $125.0 million to $151.0 million, as measured at each quarter end.

    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
International Core Trust BUYS          
  Hong Kong Dollar 28,717,903 $3,687,455 Barclays Bank PLC 4/20/2011 $5,011
  Hong Kong Dollar 38,290,538 4,915,345 Brown Brothers Harriman & Company 4/20/2011 7,944
  Hong Kong Dollar 9,821,640 1,261,181 JPMorgan Chase Bank 4/20/2011 1,657
  Hong Kong Dollar 28,717,903 3,686,868 Morgan Stanley Capital Services, Inc. 4/20/2011 5,599
  Hong Kong Dollar 57,435,807 7,372,450 State Street Bank & Trust Company 4/20/2011 12,484
  Pound Sterling 1,319,443 2,114,304 Bank of America N.A. 4/20/2011 1,965
  Pound Sterling 1,086,222 1,738,444 Brown Brothers Harriman & Company 4/20/2011 3,760
  Pound Sterling 4,329,643 6,918,120 Deutsche Bank AG London 4/20/2011 26,242
  Pound Sterling 7,270,770 11,625,452 Mellon Bank NA 4/20/2011 36,216
  Pound Sterling 2,703,277 4,319,142 Morgan Stanley Capital Services, Inc. 4/20/2011 16,674
  Pound Sterling 2,110,217 3,402,788 State Street Bank & Trust Company 4/20/2011 (18,188)
  Singapore Dollar 20,106,605 15,686,471 Bank of America N.A. 4/20/2011 265,362
  Singapore Dollar 135,618 105,795 Barclays Bank PLC 4/20/2011 1,800
  Singapore Dollar 1,819,285 1,418,926 Mellon Bank NA 4/20/2011 24,427
  Singapore Dollar 3,638,570 2,837,390 Royal Bank of Scotland PLC 4/20/2011 49,316
  Singapore Dollar 1,819,285 1,418,579 State Street Bank & Trust Company 4/20/2011 24,774
  Swedish Krona 35,312,163 5,418,684 Bank of America N.A. 4/20/2011 171,570
  Swedish Krona 12,278,062 1,881,229 Deutsche Bank AG London 4/20/2011 62,506
  Swedish Krona 5,483,403 839,995 JPMorgan Chase Bank 4/20/2011 28,080
  Swiss Franc 5,885,534 $6,355,937 Barclays Bank PLC 4/20/2011 $52,649
      $87,004,555     $779,848
 
  SELLS          
  Australian Dollar 2,221,000 $2,206,452 JPMorgan Chase Bank 4/20/2011 ($86,294)
  Canadian Dollar 2,807,468 2,828,854 Brown Brothers Harriman & Company 4/20/2011 (65,783)
 
 
 
 
505

 


Canadian Dollar 4,161,809 4,205,343 Deutsche Bank AG London 4/20/2011 (85,686)
Canadian Dollar 6,121,695 6,187,655 Mellon Bank NA 4/20/2011 (124,111)
Canadian Dollar 6,121,695 6,186,192 Royal Bank of Scotland PLC 4/20/2011 (125,574)
Danish Krone 33,695,988 6,080,678 Royal Bank of Scotland PLC 4/20/2011 (322,462)
Danish Krone 33,695,988 6,085,274 State Street Bank & Trust Company 4/20/2011 (317,866)
Euro 1,608,000 2,162,692 JPMorgan Chase Bank 4/20/2011 (115,461)
Euro 816,742 1,098,928 Royal Bank of Scotland PLC 4/20/2011 (58,201)
Japanese Yen 182,699,000 2,192,726 State Street Bank & Trust Company 4/20/2011 (3,895)
New Zealand Dollar 597,992 457,942 Brown Brothers Harriman & Company 4/20/2011 2,153
New Zealand Dollar 2,329,351 1,752,487 Royal Bank of Scotland PLC 4/20/2011 (22,942)
Swedish Krona 26,210,424 4,125,143 Bank of America N.A. 4/20/2011 (24,218)
Swiss Franc 2,187,460 2,256,321 Bank of America N.A. 4/20/2011 (125,541)
Swiss Franc 5,670,802 5,843,296 Barclays Bank PLC 4/20/2011 (331,474)
Swiss Franc 1,310,412 1,350,133 Brown Brothers Harriman & Company 4/20/2011 (76,736)
Swiss Franc 5,095,765 5,237,761 Deutsche Bank AG London 4/20/2011 (310,869)
Swiss Franc 2,187,460 2,252,826 JPMorgan Chase Bank 4/20/2011 (129,035)
Swiss Franc 1,456,001 1,501,342 Mellon Bank NA 4/20/2011 (84,055)
    $64,012,045     ($2,408,050)

 

International Equity Index Trust A

The Portfolio used forward foreign currency contracts to gain exposure to foreign currencies. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with total USD notional absolute values ranging from approximately $9.2 million to $12.1 million, as measured at each quarter end.

    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
International Equity Index            
Trust A BUYS          
  Australian Dollar 700,000 $683,270 Standard Chartered Bank 4/20/2011 $39,342
  Canadian Dollar 750,000 755,150 Standard Chartered Bank 4/20/2011 18,137
  Euro 2,400,000 3,110,184 Standard Chartered Bank 4/20/2011 290,045
 
 
 
 
506

 


Hong Kong Dollar 5,000,000 643,476 Standard Chartered Bank 4/20/2011 (590)
Japanese Yen 325,000,000 3,918,259 Standard Chartered Bank 4/20/2011 (10,729)
Pound Sterling 1,200,000 1,868,280 Standard Chartered Bank 4/20/2011 56,413
Swedish Krona 8,000,000 1,164,280 Standard Chartered Bank 4/20/2011 102,197
    $12,142,899     $494,815

 

International Equity Index Trust B

The Portfolio used forward foreign currency contracts to gain exposure to foreign currencies. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with total USD notional absolute values ranging from approximately $9.1 million to $10.0 million, as measured at each quarter end.

    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
International Equity Index            
Trust B BUYS          
  Australian Dollar 800,000 $780,880 Standard Chartered Bank 4/20/2011 $44,963
  Canadian Dollar 1,000,000 1,006,867 Standard Chartered Bank 4/20/2011 24,182
  Euro 2,000,000 2,591,820 Standard Chartered Bank 4/20/2011 241,704
  Hong Kong Dollar 3,500,000 450,433 Standard Chartered Bank 4/20/2011 (413)
  Japanese Yen 280,000,000 3,375,731 Standard Chartered Bank 4/20/2011 (9,244)
  Pound Sterling 800,000 1,245,520 Standard Chartered Bank 4/20/2011 37,609
  Swedish Krona 3,500,000 509,372 Standard Chartered Bank 4/20/2011 44,711
      $9,960,623     $383,512

 

Investment Quality Bond Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes and gain exposure to foreign currencies. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with total USD notional absolute values ranging from approximately $32.9 million to $78.6 million, as measured at each quarter end.

507

 


    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
Investment Quality Bond            
Trust BUYS          
  Australian Dollar 755,000 $739,364 Barclays Bank PLC 6/15/2011 $34,624
  Australian Dollar 755,000 739,296 HSBC Bank USA 6/15/2011 34,692
  Australian Dollar 1,995,000 1,953,285 UBS AG 6/15/2011 91,888
  Australian Dollar 2,770,000 2,707,668 Westpac Banking Corp. 6/15/2011 131,995
  Canadian Dollar 760,000 767,886 HSBC Bank USA 6/15/2011 14,749
  Canadian Dollar 2,950,000 2,996,045 Royal Bank of Canada 6/15/2011 41,813
  Canadian Dollar 1,495,000 1,514,898 UBS AG 6/15/2011 24,627
  Euro 1,100,000 1,524,710 Bank of America N.A. 6/15/2011 31,992
  Euro 540,000 745,551 HSBC Bank USA 6/15/2011 18,648
  Euro 1,632,000 2,305,608 Royal Bank of Scotland PLC 6/15/2011 3,972
  Mexican Peso 48,130,000 3,960,355 Citibank N.A. 6/15/2011 60,057
  Norwegian Krone 6,310,000 1,109,363 Citibank N.A. 6/15/2011 27,213
  Norwegian Krone 6,310,000 1,109,338 HSBC Bank USA 6/15/2011 27,238
  Pound Sterling 1,462,000 2,336,744 Barclays Bank PLC 6/15/2011 6,282
  Pound Sterling 2,171,000 3,478,634 Royal Bank of Scotland PLC 6/15/2011 647
  Swedish Krona 7,180,000 1,125,363 Bank of America N.A. 6/15/2011 8,011
  Swedish Krona 7,180,000 1,122,886 JPMorgan Chase Bank 6/15/2011 10,488
  Swiss Franc 4,195,000 4,641,871 JPMorgan Chase Bank 6/15/2011 (72,091)
      $34,878,865     $496,845
 
  SELLS          
  Australian Dollar 1,523,000 $1,516,680 Bank of America N.A. 6/15/2011 ($44,623)
  Australian Dollar 3,990,000 3,952,674 Deutsche Bank AG London 6/15/2011 (137,672)
  Australian Dollar 762,000 746,730 JPMorgan Chase Bank 6/15/2011 (34,434)
  Brazilian Real 9,740,000 5,763,314 Royal Bank of Canada 6/2/2011 (133,527)
  Canadian Dollar 2,255,000 2,298,428 Bank of America N.A. 6/15/2011 (23,732)
  Canadian Dollar 1,858,000 1,901,734 Royal Bank of Canada 6/15/2011 (11,602)
  Canadian Dollar 1,470,000 1,506,101 UBS AG 6/15/2011 (7,679)
 
 
 
 
508

 


Canadian Dollar 740,000 758,667 Westpac Banking Corp. 6/15/2011 (3,372)
Euro 1,100,000 1,534,093 BNP Paribas SA 6/15/2011 (22,612)
Euro 544,000 771,535 Credit Suisse London Branch 6/15/2011 1,675
Euro 1,088,000 1,537,962 Goldman Sachs International 6/15/2011 (1,758)
Euro 540,000 750,843 Royal Bank of Scotland PLC 6/15/2011 (13,356)
Mexican Peso 48,130,000 3,976,864 Royal Bank of Canada 6/15/2011 (43,547)
New Zealand Dollar 753,000 564,185 Bank of America N.A. 6/15/2011 (7,650)
New Zealand Dollar 1,505,000 1,131,917 Westpac Banking Corp. 6/15/2011 (10,994)
Norwegian Krone 6,310,000 1,124,123 Bank of America N.A. 6/15/2011 (12,453)
Norwegian Krone 1,262,000 225,293 Citibank N.A. 6/15/2011 (2,022)
Norwegian Krone 5,048,000 899,357 UBS AG 6/15/2011 (9,904)
Pound Sterling 354,000 572,099 Barclays Bank PLC 6/15/2011 4,773
Pound Sterling 354,000 574,885 BNP Paribas SA 6/15/2011 7,559
Pound Sterling 2,925,000 4,730,997 Deutsche Bank AG London 6/15/2011 43,343
Swedish Krona 7,180,000 1,116,688 Citibank N.A. 6/15/2011 (16,686)
Swedish Krona 7,180,000 1,116,526 HSBC Bank USA 6/15/2011 (16,847)
Swiss Franc 1,390,000 1,544,144 BNP Paribas SA 6/15/2011 29,962
Swiss Franc 702,000 763,674 Goldman Sachs International 6/15/2011 (1,042)
Swiss Franc 2,103,000 2,296,306 UBS AG 6/15/2011 5,425
    $43,675,819     ($462,775)

 

Mutual Shares Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes and maintain diversity and liquidity of the portfolio. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with total USD notional absolute values ranging from approximately $137.6million to $168.7 million, as measured at each quarter end.

    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
Mutual Shares Trust BUYS          
  Danish Krone 8,990,911 $1,681,403 Deutsche Bank AG London 4/26/2011 $26,963
  Danish Krone 1,168,510 219,103 State Street Bank & Trust Company 4/26/2011 2,926
 
 
 
 
509

 


Danish Krone 616,895 114,041 Svenska Handelsbanken 4/26/2011 3,175
Euro 168,000 233,228 Barclays Bank PLC 4/15/2011 4,811
Japanese Yen 40,746,994 500,013 Bank of America N.A. 4/20/2011 (10,105)
Japanese Yen 28,340,441 341,748 Deutsche Bank AG London 4/20/2011 (1,006)
Pound Sterling 1,116,868 1,790,330 Deutsche Bank AG London 5/12/2011 530
Swiss Franc 610,914 640,170 Bank of America N.A. 5/10/2011 25,142
Swiss Franc 1,798,585 1,870,134 Deutsche Bank AG London 5/10/2011 88,604
Swiss Franc 222,000 231,939 State Street Bank & Trust Company 5/10/2011 9,829
    $7,622,109     $150,869
 
SELLS          
Danish Krone 13,195,550 2,379,120 State Street Bank & Trust Company 4/26/2011 (128,171)
Euro 226,209 304,631 Bank of America N.A. 4/15/2011 (15,884)
Euro 217,411 295,570 Barclays Bank PLC 4/15/2011 (12,479)
Euro 4,692,984 6,387,393 Deutsche Bank AG London 4/15/2011 (262,090)
Euro 1,930,000 2,622,716 HSBC Bank PLC 4/15/2011 (111,899)
Euro 36,189,188 48,195,428 State Street Bank & Trust Company 4/15/2011 (3,080,980)
Japanese Yen 3,216,135 39,000 Bank of America N.A. 4/20/2011 332
Japanese Yen 234,426,233 2,892,152 Barclays Bank PLC 4/20/2011 73,605
Japanese Yen 94,532,541 1,145,702 Deutsche Bank AG London 4/20/2011 9,121
Norwegian Krone 29,692,872 5,054,966 Bank of America N.A. 5/18/2011 (301,712)
Pound Sterling 28,470,814 45,667,185 Deutsche Bank AG London 5/12/2011 15,228
Pound Sterling 1,075,000 1,734,088 HSBC Bank PLC 5/12/2011 10,363
Swiss Franc 302,500 317,419 Bank of America N.A. 5/10/2011 (12,017)
Swiss Franc 7,878,746 8,179,590 Deutsche Bank AG London 5/10/2011 (400,713)
Swiss Franc 4,616,773 4,787,197 State Street Bank & Trust Company 5/10/2011 (240,673)
    $130,002,157     ($4,457,969)

 

New Income Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes and gain exposure to foreign currencies. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with total USD notional absolute values ranging from approximately $356.7 million to $505.0 million, as measured at each quarter end.

510

 


    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
New Income Trust BUYS          
  Brazilian Real 31,320,000 $18,890,232 Morgan Stanley Company, Inc. 4/4/2011 $293,307
  Chilean Peso 3,615,600,000 7,498,911 Credit Suisse London Branch 5/9/2011 44,757
  Chinese Yuan Renminbi 42,000,000 6,293,078 State Street Bank London 7/8/2011 155,963
  Chinese Yuan Renminbi 47,740,000 7,321,524 Morgan Stanley Company, Inc. 12/19/2011 74,204
  Chinese Yuan Renminbi 102,140,000 15,659,640 State Street Bank London 12/19/2011 163,562
  New Russian Ruble 199,950,000 6,852,296 Goldman Sachs & Company 5/25/2011 153,113
  New Russian Ruble 864,020,000 30,035,110 Citibank N.A. 6/10/2011 200,147
  Norwegian Krone 87,355,000 14,966,441 Morgan Stanley 4/26/2011 811,562
  Norwegian Krone 76,980,000 13,819,722 Deutsche Bank AG London 6/28/2011 36,481
  Polish Zloty 20,360,000 7,104,845 Credit Suisse Securities, Ltd. 5/10/2011 43,429
  Polish Zloty 22,275,000 7,671,775 Credit Suisse Securities, Ltd. 6/3/2011 133,497
  Pound Sterling 4,795,000 7,413,741 Credit Suisse Securities, Ltd. 4/11/2011 277,789
  Pound Sterling 8,860,000 14,291,357 Morgan Stanley Company, Inc. 6/28/2011 (95,268)
  Singapore Dollar 19,000,000 14,863,723 Morgan Stanley 4/21/2011 210,203
  Singapore Dollar 19,225,000 15,003,824 Standard Chartered Bank 4/21/2011 248,609
  Singapore Dollar 9,095,000 7,129,978 Standard Chartered Bank 5/23/2011 86,200
  South Korean Won 8,468,385,000 7,498,127 Standard Chartered Bank 5/17/2011 228,512
  South Korean Won 8,824,680,000 7,751,146 Morgan Stanley Company, Inc. 5/31/2011 303,757
  South Korean Won 15,763,080,000 13,936,062 Standard Chartered Bank 6/14/2011 457,966
  Swedish Krona 95,800,000 15,083,051 Morgan Stanley Company, Inc. 6/16/2011 38,336
      $239,084,583     $3,866,126
 
  SELLS          
  Brazilian Real 31,320,000 $18,466,981 Morgan Stanley 4/4/2011 ($716,555)
  Brazilian Real 31,480,000 18,610,701 Morgan Stanley Company, Inc. 7/5/2011 (314,962)
  Canadian Dollar 19,275,000 19,570,713 Royal Bank of Canada 5/24/2011 (288,150)
  Chilean Peso 3,615,600,000 7,517,934 Credit Suisse London Branch 5/9/2011 (25,734)
  Euro 5,395,000 7,375,076 Morgan Stanley 4/21/2011 (268,208)
  Euro 5,645,000 7,683,861 Credit Suisse Securities, Ltd. 5/10/2011 (310,666)
 
 
 
 
511

 


Euro 2,380,000 3,277,843 Deutsche Bank AG 5/10/2011 (92,746)
Euro 56,190,000 77,969,120 Morgan Stanley Company, Inc. 6/28/2011 (1,558,662)
Euro 17,725,000 24,926,136 Royal Bank of Canada 6/28/2011 (150,687)
Japanese Yen 574,160,000 7,005,198 UBS AG London 4/21/2011 101,937
Japanese Yen 652,630,000 7,838,260 Citibank N.A. 5/23/2011 (10,005)
Japanese Yen 1,133,250,000 13,765,563 Deutsche Bank AG London 6/8/2011 135,975
Japanese Yen 648,525,000 7,931,378 Standard Chartered Bank 6/16/2011 130,903
Japanese Yen 1,105,650,000 13,670,252 Citibank N.A. 6/28/2011 369,752
Mexican Peso 159,925,000 13,086,617 Goldman Sachs International 6/1/2011 (288,324)
Singapore Dollar 9,505,000 7,450,227 Citibank N.A. 4/21/2011 (90,702)
South African Rand 69,040,000 9,732,442 Goldman Sachs International 4/13/2011 (460,100)
    $265,878,302     ($3,836,934)

 

Real Return Bond Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes, gain exposure to foreign currencies and to maintain diversity and liquidity of the Portfolio. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with total USD notional absolute values ranging from approximately $25.5 million to $36.2 million, as measured at each quarter end.

    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
Real Return Bond Trust BUYS          
  Brazilian Real 1,591,218 $937,887 Barclays Capital 4/4/2011 $36,737
  Brazilian Real 1,591,218 939,326 Citibank N.A. 6/2/2011 24,038
  Canadian Dollar 1,090,000 1,115,269 BNP Paribas SA 6/20/2011 7,067
  Chinese Yuan Renminbi 461,000 71,751 Barclays Capital 11/15/2011 (489)
  Chinese Yuan Renminbi 2,775,519 427,233 Citibank N.A. 11/15/2011 1,813
  Chinese Yuan Renminbi 3,242,426 504,253 JPMorgan Chase Bank 11/15/2011 (3,032)
  Euro 187,000 254,087 Citibank N.A. 4/19/2011 10,853
  Indian Rupee 49,890,010 1,063,299 Barclays Capital 8/12/2011 29,087
  Indian Rupee 6,800,000 145,455 Deutsche Bank AG London 8/12/2011 3,438
  Malaysian Ringgit 104,618 34,000 Citibank N.A. 5/11/2011 457

 

512

 


  Malaysian Ringgit 640,318 207,096 Barclays Capital 8/11/2011 2,489
  Malaysian Ringgit 570,000 184,802 Citibank N.A. 8/11/2011 1,767
  Malaysian Ringgit 122,885 39,930 HSBC Bank USA 8/11/2011 292
  Malaysian Ringgit 100,000 32,452 JPMorgan Chase Bank 8/11/2011 280
  Mexican Peso 3,144,420 260,000 HSBC Bank USA 7/7/2011 2,167
  Mexican Peso 1,208,900 100,000 Morgan Stanley Company, Inc. 7/7/2011 793
  Singapore Dollar 431,120 336,848 Bank of America N.A. 6/9/2011 5,227
  Singapore Dollar 202,821 158,631 Barclays Bank PLC 9/9/2011 2,348
  Singapore Dollar 100,000 78,131 Citibank N.A. 9/9/2011 1,239
  South Korean Won 49,800,000 44,334 Barclays Capital 5/9/2011 1,094
  South Korean Won 716,300,000 634,723 Citibank N.A. 5/9/2011 18,689
  South Korean Won 454,600,000 400,000 Deutsche Bank AG London 5/9/2011 14,688
  South Korean Won 40,120,000 35,354 Goldman Sachs International 5/9/2011 1,243
  South Korean Won 94,000,000 83,734 HSBC Bank USA 5/9/2011 2,013
  South Korean Won 217,700,000 191,970 JPMorgan Chase Bank 5/9/2011 6,617
  South Korean Won 189,000,000 167,057 Royal Bank of Scotland PLC 5/9/2011 5,350
  South Korean Won 113,820,000 100,000 UBS AG 5/9/2011 3,827
      $8,547,622     $180,092
 
  SELLS          
  Australian Dollar 1,841,725 $1,800,498 Deutsche Bank AG London 4/29/2011 ($98,608)
  Brazilian Real 1,591,218 952,255 Citibank N.A. 4/4/2011 (22,368)
  Euro 364,000 504,137 BNP Paribas SA 4/19/2011 (11,575)
  Euro 613,000 842,323 Citibank N.A. 4/19/2011 (26,169)
  Euro 699,000 946,923 JPMorgan Chase Bank 4/19/2011 (43,412)
  Euro 2,774,000 3,788,467 UBS AG 4/19/2011 (141,707)
  Japanese Yen 15,796,000 199,944 Deutsche Bank AG London 4/14/2011 10,032
  Japanese Yen 560,000,000 6,829,268 Citibank N.A. 4/27/2011 96,037
  Pound Sterling 674,000 1,082,060 Bank of America N.A. 6/13/2011 1,860
      $16,945,875     ($235,910)
 
Small Cap Growth Trust            
 
 
 
 
513

 


The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with total USD notional absolute values up to approximately $3.2 million. At March 31, 2011, the Portfolio held no foreign currency contracts.

Strategic Income Opportunities Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with total USD notional absolute values ranging from approximately $324.7 million to $1.1 billion, as measured at each quarter end.

    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
Strategic Income            
Opportunities Trust BUYS          
  Australian Dollar 5,000,226 $5,050,978 Bank of Nova Scotia 6/30/2011 $65,357
  Canadian Dollar 9,814,400 10,000,000 Bank of Montreal 6/30/2011 103,255
  Canadian Dollar 58,600,196 59,804,052 Bank of Nova Scotia 6/30/2011 520,851
  Euro 6,500,000 9,196,850 Standard Chartered Bank 6/30/2011 (1,248)
  New Zealand Dollar 8,800,000 6,561,544 Bank of Nova Scotia 6/30/2011 114,330
  Pound Sterling 6,300,000 10,078,420 Canadian Imperial Bank of Commerce 6/30/2011 15,526
  Pound Sterling 6,500,000 10,507,965 State Street Bank & Trust Company 6/30/2011 (93,577)
  Pound Sterling 15,000,000 24,010,200 UBS AG 6/30/2011 23,004
      $135,210,009     $747,498
 
 
  SELLS          
  Canadian Dollar 9,818,456 $10,078,420 Canadian Imperial Bank of Commerce 6/30/2011 ($29,010)
  Euro 11,677,231 16,534,960 Canadian Imperial Bank of Commerce 6/30/2011 15,088
  Euro 6,500,000 9,200,750 Standard Chartered Bank 6/30/2011 5,148
  Pound Sterling 6,300,000 10,070,991 Canadian Imperial Bank of Commerce 6/30/2011 (22,955)
  Pound Sterling 74,205,731 119,471,226 Royal Bank of Canada 6/30/2011 577,797
  Pound Sterling 15,000,000 24,092,250 UBS AG 6/30/2011 59,046
      $189,448,597     $605,114

 

Total Return Trust

514

 


The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes, gain exposure to foreign currencies and to maintain diversity and liquidity of the Portfolio. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with total USD notional absolute values ranging from approximately $648.1 million to $732.9 million, as measured at each quarter end.

    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD)   COUNTERPARTY DATE (DEPRECIATION)
Total Return Trust BUYS          
  Australian Dollar 11,222,000 $10,971,974 Royal Bank of Scotland PLC 4/29/2011 $599,660
  Brazilian Real 99,809,817 58,829,316 Barclays Capital 4/4/2011 2,304,312
  Brazilian Real 99,809,817 58,947,447 HSBC Bank USA 6/2/2011 1,479,928
  Canadian Dollar 3,277,000 3,352,968 BNP Paribas SA 6/20/2011 21,246
  Canadian Dollar 1,882,000 1,903,057 Deutsche Bank AG London 6/20/2011 34,773
  Chinese Yuan Renminbi 10,414,000 1,607,004 Barclays Capital 11/15/2011 2,813
  Chinese Yuan Renminbi 31,089,450 4,842,216 HSBC Bank USA 11/15/2011 (36,345)
  Chinese Yuan Renminbi 36,651,000 5,698,086 JPMorgan Chase Bank 11/15/2011 (32,499)
  Chinese Yuan Renminbi 7,068,475 1,092,331 Royal Bank of Scotland PLC 11/15/2011 328
  Chinese Yuan Renminbi 37,011,000 5,788,758 Barclays Capital 2/13/2012 (41,533)
  Euro 1,701,000 2,411,697 BNP Paribas SA 4/19/2011 (1,738)
  Euro 712,000 994,664 Deutsche Bank AG London 4/19/2011 14,090
  Euro 3,327,000 4,679,529 Royal Bank of Canada 4/19/2011 34,129
  Indian Rupee 32,515,000 700,000 Bank of America N.A. 5/9/2011 24,523
  Indian Rupee 113,409,000 2,465,551 Barclays Capital 5/9/2011 61,510
  Indian Rupee 205,971,000 4,453,070 JPMorgan Chase Bank 5/9/2011 136,525
  Indian Rupee 92,230,000 2,000,000 Morgan Stanley Company, Inc. 5/9/2011 55,136
  Indian Rupee 263,358,000 5,610,524 Morgan Stanley Company, Inc. 8/12/2011 155,936
  Indonesian Rupiah 7,943,400,000 900,000 Barclays Capital 4/15/2011 10,676
  Indonesian Rupiah 4,872,290,000 530,000 Citibank N.A. 4/15/2011 28,587
  Indonesian Rupiah 20,439,900,000 2,300,000 JPMorgan Chase Bank 4/15/2011 43,344
  Indonesian Rupiah 7,296,000,000 800,000 Morgan Stanley Company, Inc. 4/15/2011 36,454
  Indonesian Rupiah 15,297,120,000 1,650,971 Barclays Capital 7/27/2011 72,768
  Indonesian Rupiah 1,606,500,000 170,000 BNP Paribas SA 7/27/2011 11,027
  Indonesian Rupiah 28,115,000,000 3,033,017 Citibank N.A. 7/27/2011 135,092

 

515

 


Indonesian Rupiah 27,761,200,000 2,969,048 HSBC Bank USA 7/27/2011 159,193
Indonesian Rupiah 6,148,000,000 669,790 JPMorgan Chase Bank 7/27/2011 22,991
Indonesian Rupiah 1,417,500,000 150,000 Royal Bank of Scotland PLC 7/27/2011 9,729
Indonesian Rupiah 11,922,000,000 1,285,391 Deutsche Bank AG London 10/31/2011 38,484
Indonesian Rupiah 25,167,300,000 2,726,221 Royal Bank of Scotland PLC 10/31/2011 68,475
Indonesian Rupiah 40,551,590,000 4,471,944 Bank of America N.A. 1/31/2012 (29,820)
Malaysian Ringgit 5,500,000 1,780,106 Barclays Capital 8/11/2011 20,118
Malaysian Ringgit 10,500,000 3,403,339 Citibank N.A. 8/11/2011 33,453
Malaysian Ringgit 3,084,282 1,002,204 HSBC Bank USA 8/11/2011 7,323
Malaysian Ringgit 1,800,000 584,131 JPMorgan Chase Bank 8/11/2011 5,033
Mexican Peso 430,279,957 35,437,624 Citibank N.A. 7/7/2011 437,139
Mexican Peso 9,004,143 729,161 Deutsche Bank AG London 7/7/2011 21,563
Mexican Peso 95,303,960 7,800,000 HSBC Bank USA 7/7/2011 146,006
Mexican Peso 13,459,050 1,100,000 Morgan Stanley Company, Inc. 7/7/2011 22,154
Mexican Peso 4,894,940 400,000 UBS AG 7/7/2011 8,118
Norwegian Krone 5,034,000 894,668 Barclays Bank PLC 5/5/2011 14,145
Philippine Peso 26,400,000 600,000 Bank of America N.A. 4/15/2011 8,012
Philippine Peso 12,744,000 300,000 Barclays Capital 4/15/2011 (6,496)
Philippine Peso 28,217,500 650,000 Citibank N.A. 4/15/2011 (129)
Philippine Peso 23,902,000 550,000 JPMorgan Chase Bank 4/15/2011 482
Philippine Peso 9,000,000 208,720 Bank of America N.A. 6/15/2011 (1,866)
Philippine Peso 195,946,000 4,400,000 Barclays Capital 6/15/2011 103,578
Philippine Peso 89,800,000 2,068,634 Citibank N.A. 6/15/2011 (4,691)
Philippine Peso 33,439,000 766,849 Deutsche Bank AG London 6/15/2011 1,705
Philippine Peso 15,383,000 351,451 HSBC Bank USA 6/15/2011 2,109
Philippine Peso 148,679,000 3,379,704 JPMorgan Chase Bank 6/15/2011 37,500
Philippine Peso 22,755,000 529,371 Royal Bank of Scotland PLC 6/15/2011 (6,375)
Philippine Peso 46,835,377 1,055,476 Barclays Capital 11/15/2011 14,435
Philippine Peso 144,242,000 3,286,116 Citibank N.A. 11/15/2011 8,962
Philippine Peso 19,822,500 450,000 Deutsche Bank AG London 11/15/2011 2,827
Philippine Peso 21,960,000 500,000 Goldman Sachs International 11/15/2011 1,656
Philippine Peso 57,065,000 1,300,000 JPMorgan Chase Bank 11/15/2011 3,598
Philippine Peso 91,263,500 2,095,843 Morgan Stanley Company, Inc. 3/15/2012 (16,948)
 
 
 
 
516

 


Singapore Dollar 1,394,346 1,100,000 Citibank N.A. 5/9/2011 6,268
Singapore Dollar 7,390,215 5,774,743 Bank of America N.A. 6/9/2011 89,075
Singapore Dollar 514,560 400,000 Citibank N.A. 6/9/2011 8,281
Singapore Dollar 2,778,010 2,131,412 Deutsche Bank AG London 6/9/2011 72,820
Singapore Dollar 3,174,870 2,450,000 Goldman Sachs International 6/9/2011 69,123
Singapore Dollar 1,623,915 1,250,000 JPMorgan Chase Bank 6/9/2011 38,507
Singapore Dollar 515,280 400,000 JPMorgan Chase Bank 6/9/2011 8,853
Singapore Dollar 2,233,960 1,697,190 Royal Bank of Scotland PLC 6/9/2011 75,362
Singapore Dollar 1,200,000 938,545 Barclays Bank PLC 9/9/2011 13,893
Singapore Dollar 2,300,000 1,798,158 Citibank N.A. 9/9/2011 27,349
Singapore Dollar 1,800,000 1,411,377 Deutsche Bank AG London 9/9/2011 17,280
Singapore Dollar 3,457,098 2,709,883 JPMorgan Chase Bank 9/9/2011 34,010
Singapore Dollar 2,500,000 1,957,433 Royal Bank of Scotland PLC 9/9/2011 26,813
South African Rand 11,848,150 1,700,000 JPMorgan Chase Bank 4/28/2011 45,486
South African Rand 11,162,400 1,600,000 Morgan Stanley Company, Inc. 4/28/2011 44,460
South African Rand 77,142,135 11,276,441 JPMorgan Chase Bank 7/28/2011 (61,520)
South African Rand 3,800,750 500,000 Barclays Bank PLC 9/13/2011 48,783
South African Rand 2,279,700 300,000 Morgan Stanley Company, Inc. 9/13/2011 29,161
South African Rand 1,520,000 200,000 UBS AG 9/13/2011 19,470
South Korean Won 569,150,000 500,000 Bank of America N.A. 5/9/2011 19,181
South Korean Won 687,100,000 613,211 Barclays Capital 5/9/2011 13,565
South Korean Won 4,473,420,000 3,977,016 Citibank N.A. 5/9/2011 103,657
South Korean Won 528,710,300 470,083 Goldman Sachs International 5/9/2011 12,209
South Korean Won 1,025,750,000 902,637 HSBC Bank USA 5/9/2011 33,057
South Korean Won 18,445,904,000 16,050,124 JPMorgan Chase Bank 5/9/2011 776,310
South Korean Won 12,465,417,000 11,100,000 Morgan Stanley Company, Inc. 5/9/2011 271,008
South Korean Won 906,000,000 800,813 Royal Bank of Scotland PLC 5/9/2011 25,644
South Korean Won 929,200,000 800,000 UBS AG 5/9/2011 47,620
South Korean Won 1,352,760,000 1,200,000 Goldman Sachs International 8/12/2011 36,287
South Korean Won 350,180,000 311,479 Morgan Stanley Company, Inc. 8/12/2011 8,551
South Korean Won 439,000,000 393,193 Royal Bank of Scotland PLC 8/12/2011 8,009
Swedish Krona 1,271,000 199,007 Morgan Stanley Company, Inc. 5/5/2011 2,059
Swiss Franc 647,000 692,645 Morgan Stanley Company, Inc. 5/5/2011 11,938
 
 
 
517

 


Taiwan Dollar 14,363,000 472,156 Bank of America N.A. 4/6/2011 16,298
Taiwan Dollar 68,628,380 2,328,912 Barclays Capital 4/6/2011 4,992
Taiwan Dollar 39,526,088 1,321,987 Deutsche Bank AG London 4/6/2011 22,211
Taiwan Dollar 14,739,292 487,088 JPMorgan Chase Bank 4/6/2011 14,163
Taiwan Dollar 68,628,380 2,394,570 Barclays Capital 1/11/2012 (40,031)
    $358,238,074     $8,283,407
 
SELLS          
Australian Dollar 75,000 $75,300 JPMorgan Chase Bank 4/29/2011 ($2,037)
Brazilian Real 99,809,817 59,730,591 HSBC Bank USA 4/4/2011 (1,403,037)
Euro 164,000 229,264 Barclays Bank PLC 4/19/2011 (3,089)
Euro 736,000 1,011,407 Citibank N.A. 4/19/2011 (31,350)
Euro 1,962,000 2,679,338 Deutsche Bank AG London 4/19/2011 (100,403)
Euro 2,900,000 3,928,581 JPMorgan Chase Bank 4/19/2011 (180,108)
Euro 5,988,000 8,463,439 Morgan Stanley Company, Inc. 4/19/2011 (20,295)
Euro 61,717,000 83,199,206 UBS AG 4/19/2011 (4,240,781)
Indonesian Rupiah 40,551,590,000 4,647,747 Bank of America N.A. 4/15/2011 (1,314)
Japanese Yen 488,888,000 6,096,392 Citibank N.A. 4/14/2011 218,602
Japanese Yen 469,715,000 5,857,453 Citibank N.A. 4/18/2011 210,052
Japanese Yen 15,270,000,000 185,766,424 Bank of America N.A. 4/25/2011 2,167,637
Philippine Peso 91,263,500 2,101,877 Morgan Stanley Company, Inc. 4/15/2011 8
Pound Sterling 3,902,000 6,264,388 Bank of America N.A. 6/13/2011 10,766
Taiwan Dollar 14,363,000 487,410 Bank of America N.A. 4/6/2011 (1,045)
Taiwan Dollar 68,628,380 2,330,731 Barclays Capital 4/6/2011 (3,173)
Taiwan Dollar 39,526,088 1,341,322 Deutsche Bank AG London 4/6/2011 (2,875)
Taiwan Dollar 14,739,292 500,180 JPMorgan Chase Bank 4/6/2011 (1,072)
    $374,711,050     ($3,383,514)

 

Utilities Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended March 31, 2011, the Portfolio held forward foreign currency contracts with total USD notional absolute values ranging from approximately $26.5 million to $27.8 million, as measured at each quarter end.

518

 


    PRINCIPAL PRINCIPAL      
    AMOUNT AMOUNT     UNREALIZED
    COVERED BY COVERED BY   SETTLEMENT APPRECIATION
PORTFOLIO CURRENCY CONTRACT CONTRACT (USD) COUNTERPARTY DATE (DEPRECIATION)
Utilities Trust BUYS          
  Euro 76,480 $108,654 Brown Brothers Harriman & Company 4/12/2011 ($283)
  Euro 247,431 343,880 Citibank N.A. 4/12/2011 6,725
  Euro 172,037 234,659 Deutsche Bank AG London 4/12/2011 9,114
  Euro 13,735 19,346 Goldman Sachs International 4/12/2011 117
  Euro 287,065 394,019 HSBC Bank USA 4/12/2011 12,746
  Euro 204,874 283,428 JPMorgan Chase Bank 4/12/2011 6,874
  Pound Sterling 29,188 47,084 Barclays Bank PLC 4/12/2011 (264)
  Pound Sterling 375,000 610,328 Deutsche Bank AG London 4/12/2011 (8,807)
  Pound Sterling 69,558 108,313 Goldman Sachs International 4/12/2011 3,263
  Pound Sterling 128,898 203,471 HSBC Bank USA 4/12/2011 3,288
  Pound Sterling 270,133 417,298 UBS AG 4/12/2011 16,009
      $2,770,480     $48,782
 
 
  SELLS          
  Euro 356,961 $504,115 Barclays Bank PLC 4/12/2011 ($1,692)
  Euro 50,205 71,270 Citibank N.A. 4/12/2011 131
  Euro 391,412 527,265 Credit Suisse London Branch 4/12/2011 (27,358)
  Euro 1,321,426 1,706,846 Deutsche Bank AG London 4/12/2011 (165,589)
  Euro 37,088 50,866 Goldman Sachs International 4/12/2011 (1,687)
  Euro 115,682 156,706 HSBC Bank USA 4/12/2011 (7,213)
  Euro 53,308 72,958 JPMorgan Chase Bank 4/12/2011 (2,579)
  Euro 39,237 55,265 Morgan Stanley Capital Services, Inc. 4/12/2011 (334)
  Euro 49,972 66,715 UBS AG 4/12/2011 (4,094)
  Euro 8,590,365 11,853,887 UBS AG 6/15/2011 (303,057)
  Pound Sterling 2,947,959 4,575,528 Barclays Bank PLC 4/12/2011 (153,160)
  Pound Sterling 148,018 235,350 Credit Suisse London Branch 4/12/2011 (2,079)
  Pound Sterling 2,804,767 4,345,040 Deutsche Bank AG London 4/12/2011 (153,961)
  Pound Sterling 112,387 179,683 Goldman Sachs International 4/12/2011 (593)
 
 
 
 
519

 


 
Brown Brothers Harriman & Company
Pound Sterling 351,075 565,366 HSBC Bank USA 4/12/2011 2,222
Pound Sterling 42,600 68,820 JPMorgan Chase Bank 4/12/2011 487
    $25,035,680     ($820,556)

 

Options. There are two types of options, a put option and a call option. Options are traded either over-the-counter (OTC) or on an exchange. A call option gives the purchaser of the option the right to buy (and the seller the obligation to sell) the underlying instrument at the exercise price. A put option gives the purchaser of the option the right to sell (and the writer the obligation to buy) the underlying instrument at the exercise price. Writing puts and buying calls may increase the Portfolio’s exposure to changes in the value of the underlying instrument. Buying puts and writing calls may decrease the Portfolio’s exposure to such changes. Risks related to the use of options include the loss of the premium, possible illiquidity of the options markets, trading restrictions imposed by an exchange and movements in underlying security values.

Options listed on an exchange are valued at their closing price. If no closing price is available, then they are valued at the mean between the last bid and ask prices from the exchange on which they are principally traded. For options not listed on an exchange, an independent pricing source is used to value the options at the mean between the last bid and ask prices. When a Portfolio purchases an option, the premium paid by the Portfolio is included in the Portfolio of Investments and subsequently “marked-to-market” to reflect current market value. If the purchased option expires, the Portfolio realizes a loss equal to the cost of the option. If the Portfolio exercises a call option, the cost of the securities acquired by exercising the call is increased by the premium paid to buy the call. If the Portfolio exercises a put option, it realizes a gain or loss from the sale of the underlying security and the proceeds from such sale are decreased by the premium paid. If the Portfolio enters into a closing sale transaction, the Portfolio realizes a gain or loss, depending on whether proceeds from the closing sale are greater or less than the original cost. When the Portfolio writes an option, the premium received is included as a liability and subsequently “marked-to-market” to reflect current market value of the option written. Premiums received from writing options that expire unexercised are recorded as realized gains. Premiums received from writing options which are exercised or are closed are added to or offset against the proceeds or amount paid on the transaction to determine the realized gain or loss. If a put option on a security is exercised, the premium received reduces the cost basis of the securities purchased by the Portfolio.

During the period ended March 31, 2011, the Portfolios used purchased options for the following reasons: Real Return Bond Trust used purchased options to manage against anticipated interest rate changes and maintain diversity and liquidity of the Portfolio and Strategic Income Opportunities Trust used purchased options to manage against currency exchange rates. During the period ended March 31, 2011, Real Return Bond Trust and Strategic Income Opportunities Trust held purchased options with market values ranging from approximately $13.0 thousand to $13.8 thousand and $15.2 thousand to $826.8 thousand, respectively, as measured at each quarter end.

The following tables summarize the Portfolios’ written options activities during the period ended March 31, 2011. In addition the table details how the Portfolios used written option contracts during the period ended March 31, 2011.

  Number of Contracts Premiums Received
Capital Appreciation Value Trust    
Outstanding, beginning of period 4,125 $763,873
Options written 3,711 567,345

 

520

 


Options closed   (1,509) (386,670)
Options expired   (94) (7,749)
Outstanding, end of period   6,233 $936,799
 
Global Bond Trust      
Outstanding, beginning of period   411,780,598 $2,952,206
Options written   35,601,078 846,992
Options closed   (80,600,000) (84,126)
Options expired   (131,180,672) (1,084,278)
Outstanding, end of period   235,601,004 $2,630,794
  
Health Sciences Trust      
Outstanding, beginning of period   5,762 $3,722,853
Options written   3,903 2,120,119
Options closed   (1,731) (1,164,447)
Options expired   (2,437) (1,517,905)
Outstanding, end of period   5,497 $3,160,620
  
Real Return Bond Trust      
Outstanding, beginning of period   40,500,110 $369,600
Options written   8,100,032 45,336
Options closed   (12,700,106) (102,285)
Options expired   - -
Outstanding, end of period   35,900,036 $312,651
 
Total Return Trust      
Outstanding, beginning of period   1,103,801,552 $10,622,174
Options written   77,700,736 780,637
Options closed   - -
Options expired   (155,500,122) (734,894)
Outstanding, end of period   1,026,002,166 $10,667,917
  
Value and Restructuring Trust      
 
 
 
 
521

 


Outstanding, beginning of period 660 $122,695
Options written 268 74,312
Options closed (460) (98,512)
Options expired (209) (22,925)
Outstanding, end of period 259 $75,570

 

Options on Securities

Capital Appreciation Value Trust

The Portfolio used written options to manage against anticipated changes in securities markets and as a substitute for securities purchased.

    EXERCISE   NUMBER OF    
PORTFOLIO NAME OF ISSUER PRICE EXPIRATION DATE CONTRACTS PREMIUM VALUE
Capital Appreciation            
Value Trust CALLS          
  AT&T, Inc. $30.00 Jan 2012 1,960 $223,089 ($358,680)
  JPMorgan Chase & Company 50.00 Jan 2012 935 250,667 (212,245)
  JPMorgan Chase & Company 55.00 Jan 2012 152 20,368 (15,200)
  Pfizer, Inc. 22.50 Jan 2012 1,161 77,962 (81,270)
  Procter & Gamble Company 65.00 Jan 2012 20 4,660 (3,260)
  Procter & Gamble Company 70.00 Jan 2012 921 168,914 (52,497)
  Procter & Gamble Company 67.50 Jan 2012 330 47,522 (32,670)
  Wells Fargo & Company 35.00 Jan 2012 754 143,617 (140,244)
        6,233 $936,799 ($896,066)

 

Health Sciences Trust

The Portfolio used written options to manage against anticipated changes in securities markets and as a substitute for securities purchased.

    EXERCISE   NUMBER OF    
PORTFOLIO NAME OF ISSUER PRICE EXPIRATION DATE CONTRACTS PREMIUM VALUE
 
Health Sciences Trust CALLS          

 

522

 


Alexion Pharmaceuticals, Inc. $90.00 May 2011 28 $8,736 ($28,560)
Alexion Pharmaceuticals, Inc. 95.00 May 2011 28 5,661 (18,760)
Alexion Pharmaceuticals, Inc. 100.00 Aug 2011 6 1,482 (4,200)
Allergan, Inc. 80.00 Apr 2011 14 2,988 (70)
Allergan, Inc. 80.00 Jan 2012 12 4,404 (3,600)
Amgen, Inc. 62.50 Jul 2011 81 11,758 (1,701)
Catalyst Health Scolutions, Inc. 60.00 Jun 2011 15 4,080 (3,150)
Celgene Corp. 55.00 Apr 2011 28 2,888 (7,672)
Celgene Corp. 65.00 Apr 2011 28 3,052 (140)
Celgene Corp. 57.50 Jul 2011 28 5,656 (9,380)
Celgene Corp. 60.00 Jul 2011 14 1,806 (2,940)
Celgene Corp. 67.50 Jul 2011 55 6,435 (2,365)
Celgene Corp. 75.00 Jan 2012 57 15,504 (4,275)
Cephalon, Inc. 60.00 May 2011 56 12,152 (91,280)
Cephalon, Inc. 65.00 May 2011 56 15,609 (64,400)
Cephalon, Inc. 70.00 May 2011 14 3,983 (9,940)
Cephalon, Inc. 65.00 Aug 2011 14 3,248 (16,800)
Cephalon, Inc. 70.00 Aug 2011 56 8,232 (44,800)
Community Health Systems, Inc. 40.00 Jun 2011 84 10,732 (20,160)
Edwards Lifesciences Corp. 90.00 May 2011 42 14,551 (14,700)
Express Scripts, Inc. 60.00 May 2011 42 5,838 (2,310)
Express Scripts, Inc. 62.50 May 2011 28 3,696 (672)
Express Scripts, Inc. 70.00 Jan 2012 13 2,925 (1,463)
Gilead Sciences, Inc. 40.00 May 2011 110 13,353 (36,850)
Human Genome Sciences, Inc. 31.00 Apr 2011 152 25,702 (1,976)
Illumina, Inc. 90.00 Jan 2012 4 928 (950)
Incyte Corp. 20.00 Jun 2011 55 6,087 (1,375)
Intuitive Surgical, Inc. 300.00 Jan 2012 8 23,109 (49,840)
Monsanto Company 85.00 Jan 2012 41 16,482 (14,145)
Stryker Corp. 70.00 Jan 2012 114 23,602 (23,370)
Teva Pharmaceutical Industries Ltd. 57.50 Jun 2011 56 7,616 (1,176)
UnitedHealth Group, Inc. 50.00 Jan 2012 84 8,992 (20,328)
Valeant Pharmaceuticals International 45.00 Jul 2011 27 3,540 (19,980)
 
 
 
 
523

 


Valeant Pharmaceuticals International 60.00 Jan 2012 56 17,192 (21,840)
Vertex Pharmaceuticals, Inc. 55.00 Jul 2011 42 5,334 (9,240)
Vertex Pharmaceuticals, Inc. 60.00 Jul 2011 42 6,874 (4,410)
      1,590 $314,227 ($558,818)
PUTS          
Abbott Labs $55.00 Jan 2012 14 $12,908 ($11,480)
Acorda Therapeutics, Inc. 25.00 Jan 2012 33 17,226 (15,180)
Agilent Technologies, Inc. 45.00 Jan 2012 14 10,599 (7,700)
Alexion Pharmaceuticals, Inc. 100.00 May 2011 11 6,678 (5,720)
Alexion Pharmaceuticals, Inc. 60.00 May 2011 28 18,109 (840)
Alexion Pharmaceuticals, Inc. 70.00 May 2011 11 9,348 (275)
Alexion Pharmaceuticals, Inc. 75.00 May 2011 20 19,104 (450)
Alexion Pharmaceuticals, Inc. 90.00 May 2011 8 4,276 (1,240)
Alexion Pharmaceuticals, Inc. 95.00 May 2011 6 2,922 (1,710)
Allscripts Healthcare Solutions 25.00 Jan 2012 56 26,068 (28,280)
AMAG Pharmaceuticals, Inc. 20.00 Jan 2012 22 9,399 (10,780)
AmerisourceBergen Corp. 40.00 Jan 2012 56 38,471 (21,840)
Amgen, Inc. 60.00 Jul 2011 6 3,072 (4,215)
Amgen, Inc. 57.50 Jan 2012 8 4,903 (5,580)
Amgen, Inc. 60.00 Jan 2012 25 19,722 (21,625)
Amylin Pharmaceuticals, Inc. 12.50 Jan 2012 15 4,530 (4,185)
Amylin Pharmaceuticals, Inc. 20.00 Jan 2012 14 8,638 (12,600)
Amylin Pharmaceuticals, Inc. 25.00 Jan 2012 15 10,279 (20,663)
Athenahealth, Inc. 49.00 Sep 2011 28 28,475 (22,540)
Baxter International, Inc. 50.00 Jan 2012 14 7,448 (4,585)
Becton Dickinson & Company 90.00 Jun 2011 14 14,694 (14,840)
Boston Scientific Corp. 12.50 Jan 2012 14 7,308 (7,455)
Bristol Myers Squibb Company 27.50 Jan 2012 42 12,096 (12,600)
Cardinal Health, Inc. 45.00 Jan 2012 56 40,151 (33,880)
Celgene Corp. 50.00 Apr 2011 3 615 (18)
Celgene Corp. 55.00 Apr 2011 14 1,400 (336)
Celgene Corp. 50.00 Jul 2011 3 1,033 (294)
 
 
 
 
524

 


Celgene Corp. 57.50 Jul 2011 14 6,188 (4,410)
Celgene Corp. 55.00 Jan 2012 14 10,808 (6,762)
Celgene Corp. 60.00 Jan 2012 19 17,823 (13,585)
Celgene Corp. 65.00 Jan 2012 19 22,015 (19,475)
Celgene Corp. 70.00 Jan 2012 27 41,093 (36,720)
Cerner Corp. 100.00 Jan 2012 14 17,458 (8,890)
Covance, Inc. 65.00 Aug 2011 22 20,174 (24,750)
Covidien PLC 50.00 Jul 2011 42 26,859 (7,665)
Covidien PLC 52.50 Jul 2011 42 32,213 (12,390)
Covidien PLC 55.00 Jul 2011 14 13,118 (6,300)
Covidien PLC 60.00 Jul 2011 6 5,922 (5,130)
Cubist Pharmaceuticals, Inc. 25.00 Jan 2012 1 497 (430)
Davita, Inc. 65.00 Apr 2011 17 10,748 (255)
Davita, Inc. 70.00 Jul 2011 14 7,311 (1,050)
Davita, Inc. 75.00 Jul 2011 14 11,158 (1,925)
Dendreon Corp. 60.00 Jan 2012 19 33,594 (44,318)
Dentsply International, Inc. 45.00 Oct 2011 56 43,639 (47,600)
DepoMed, Inc. 7.50 Jun 2011 56 12,152 (1,400)
DepoMed, Inc. 10.00 Sep 2011 42 11,846 (6,405)
Edwards Lifesciences Corp. 90.00 May 2011 42 31,163 (26,460)
Edwards Lifesciences Corp. 90.00 Jan 2012 28 28,755 (29,680)
Edwards Lifesciences Corp. 95.00 Jan 2012 70 76,509 (92,750)
Express Scripts, Inc. 65.00 May 2011 36 28,744 (34,470)
Express Scripts, Inc. 60.00 Jan 2012 17 16,479 (13,388)
Express Scripts, Inc. 65.00 Jan 2012 31 32,706 (35,030)
Forest Laboratories, Inc. 35.00 Jan 2012 28 13,160 (12,320)
Genzyme Corp. 75.00 Apr 2011 14 8,638 (126)
Genzyme Corp. 75.00 Jan 2012 19 8,018 (475)
Gilead Sciences, Inc. 40.00 May 2011 42 5,770 (2,856)
Gilead Sciences, Inc. 44.00 May 2011 28 16,233 (6,916)
Gilead Sciences, Inc. 40.00 Jan 2012 5 2,420 (1,400)
Gilead Sciences, Inc. 45.00 Jan 2012 42 26,645 (22,260)
Henry Schein, Inc. 55.00 Apr 2011 14 4,389 (210)
 
 
 
525

 


Henry Schein, Inc. 60.00 Apr 2011 15 7,355 (225)
Henry Schein, Inc. 65.00 Jul 2011 14 7,378 (1,925)
Hospira, Inc. 60.00 Jan 2012 6 4,800 (4,650)
Human Genome Sciences, Inc. 23.00 Apr 2011 17 5,134 (68)
Human Genome Sciences, Inc. 26.00 Apr 2011 28 7,504 (504)
Human Genome Sciences, Inc. 25.00 Jan 2012 17 7,618 (4,760)
Humana, Inc. 60.00 Jan 2012 84 99,579 (28,980)
Humana, Inc. 70.00 Jan 2012 56 52,611 (42,560)
Illumina, Inc. 60.00 Jan 2012 19 20,468 (8,740)
Intermune, Inc. 15.00 Apr 2011 67 45,333 (335)
Intermune, Inc. 40.00 Jul 2011 39 35,057 (7,839)
Intermune, Inc. 40.00 Jan 2012 14 13,502 (6,125)
Intermune, Inc. 45.00 Jan 2012 70 86,580 (43,925)
Intermune, Inc. 50.00 Jan 2012 56 55,063 (48,440)
Intuitive Surgical, Inc. 260.00 Jan 2012 3 14,604 (4,455)
Intuitive Surgical, Inc. 300.00 Jan 2012 3 13,486 (8,040)
Jazz Pharmaceuticals, Inc. 25.00 Jan 2012 42 22,973 (11,235)
Jazz Pharmaceuticals, Inc. 30.00 Jan 2012 28 23,995 (13,300)
Jazz Pharmaceuticals, Inc. 35.00 Jan 2012 22 18,853 (16,500)
Jazz Pharmaceuticals, Inc. 40.00 Jan 2012 22 22,584 (22,584)
Johnson & Johnson 65.00 Jan 2012 27 19,956 (21,465)
Laboratory Corp. of America Holdings 85.00 May 2011 18 12,336 (1,440)
Life Technologies Corp. 50.00 Jan 2012 11 10,777 (4,565)
Life Technologies Corp. 60.00 Jan 2012 56 52,891 (55,160)
Maximus, Inc. 85.00 Oct 2011 56 66,191 (49,560)
Mckesson Corp. 80.00 Jan 2012 29 48,992 (21,895)
Mckesson Corp. 85.00 Jan 2012 14 19,908 (14,490)
Medicines Company 18.00 Apr 2011 54 24,013 (9,315)
Medicines Company 15.00 Jul 2011 33 8,233 (2,805)
Medicines Company 17.00 Jul 2011 41 9,717 (7,278)
Medicis Pharmaceutical Corp., Class A 35.00 Jan 2012 42 21,989 (23,520)
Medtronic, Inc. 35.00 Jan 2012 28 17,976 (5,782)
Medtronic, Inc. 40.00 Jan 2012 28 17,787 (11,760)
 
 
 
 
526

 


Monsanto Company 60.00 Apr 2011 24 25,075 (240)
Monsanto Company 62.50 Jan 2012 34 44,659 (16,150)
Monsanto Company 65.00 Jan 2012 28 33,667 (16,716)
Monsanto Company 70.00 Jan 2012 36 50,442 (27,864)
Monsanto Company 75.00 Jan 2012 6 8,642 (6,240)
Monsanto Company 80.00 Jan 2012 8 11,136 (11,136)
Mylan, Inc. 22.50 Jan 2012 1 467 (227)
Mylan, Inc. 25.00 Jan 2012 42 15,309 (15,540)
Orexigen Therapeutics, Inc. 10.00 Jul 2011 20 7,020 (14,500)
Perrigo Company 80.00 Jan 2012 17 22,134 (15,725)
Pfizer, Inc. 20.00 Jan 2012 224 70,607 (40,096)
Pfizer, Inc. 22.50 Jan 2012 192 95,388 (65,280)
Pfizer, Inc. 25.00 Jan 2012 281 171,253 (152,443)
Pharmasset, Inc. 35.00 May 2011 4 2,788 (180)
Quest Diagnostics, Inc. 55.00 Jan 2012 14 7,448 (5,320)
Quest Diagnostics, Inc. 60.00 Jan 2012 16 13,232 (10,000)
Quest Diagnostics, Inc. 65.00 Jan 2012 45 43,422 (40,950)
Salix Pharmaceuticals Ltd. 50.00 Jan 2012 17 20,179 (27,370)
St Jude Medical, Inc. 45.00 Jan 2012 28 15,876 (8,120)
Stryker Corp. 60.00 Jan 2012 30 27,759 (16,050)
Stryker Corp. 65.00 Jan 2012 14 12,954 (11,270)
Stryker Corp. 70.00 Jan 2012 14 16,828 (16,100)
SXC Health Solutions Corp. 50.00 Jul 2011 17 13,974 (4,208)
Teva Pharmaceutical Industries Ltd. 52.50 Jun 2011 17 5,559 (5,950)
UnitedHealth Group, Inc. 35.00 Jan 2012 30 26,659 (3,960)
UnitedHealth Group, Inc. 40.00 Jan 2012 16 13,888 (4,064)
UnitedHealth Group, Inc. 45.00 Jan 2012 28 15,876 (12,880)
UnitedHealth Group, Inc. 50.00 Jan 2012 28 23,908 (21,280)
Valeant Pharmaceuticals International 65.00 Jan 2012 16 18,713 (2,136)
Warner Chilcott PLC, Class A 25.00 Apr 2011 58 29,004 (9,860)
Waters Corp. 80.00 Aug 2011 28 22,455 (7,560)
Wellpoint, Inc. 65.00 Jan 2012 19 15,778 (9,785)
Zimmer Holdings, Inc. 50.00 Jun 2011 14 7,387 (490)
 
 
 
 
527

 


Zimmer Holdings, Inc. 65.00 Jan 2012 22 16,434 (17,380)
Zimmer Holdings, Inc. 70.00 Jan 2012 42 41,513 (47,460)
      3,907 $2,846,393 ($1,967,467)

 

Value & Restructuring Trust

The Portfolio used written options as a substitute for securities purchase.

    EXERCISE   NUMBER OF    
PORTFOLIO NAME OF ISSUER PRICE EXPIRATION DATE CONTRACTS PREMIUM VALUE
Value and            
Restructuring Trust CALLS          
  Anadarko Petroleum Corp. $85.00 May 2011 55 $17,024 ($15,950)
  Eaton Corp. 50.00 Apr 2011 100 31,094 (56,000)
  Lorillard, Inc. 85.00 Apr 2011 58 17,284 (62,350)
  Tyco International Ltd. 42.00 Apr 2011 46 10,168 (13,202)
        259 $75,570 ($147,502)

 

Options on Exchange-Traded Futures Contracts

Global Bond Trust

The Portfolio used written options to manage against anticipated interest rate changes and maintain diversity and liquidity of the Portfolio.

    EXERCISE EXPIRATION NUMBER OF    
PORTFOLIO DESCRIPTION PRICE DATE CONTRACTS PREMIUM VALUE
Global Bond Trust CALLS          
  Eurodollar Futures $99.375 Sep 2011 297 $128,452 ($174,488)
  U.S. Treasury 10-Year Note Futures 122.000 May 2011 107 61,178 (28,422)
        404 $189,630 ($202,910)
 
  PUTS          
  Eurodollar Futures $99.375 Sep 2011 297 $182,770 ($51,975)
  U.S. Treasury 10-Year Note Futures 119.500 Apr 2011 70 51,231 (73,281)
 
 
 
 
528

 


U.S. Treasury 10-Year Note Futures 119.000 Apr 2011 163 72,364 (134,984)
U.S. Treasury 10-Year Note Futures 118.000 May 2011 70 37,013 (55,781)
      600 $343,378 ($316,021)

 

Real Return Bond Trust

The Portfolio used written options to manage against anticipated interest rate changes and maintain diversity and liquidity of the Portfolio.

    EXERCISE EXPIRATION NUMBER OF    
PORTFOLIO DESCRIPTION PRICE DATE CONTRACTS PREMIUM VALUE
Real Return Bond Trust CALLS          
  Eurodollar Futures $99.375 Sep 2011 6 $2,808 ($3,525)
  U.S. Treasury 10-Year Note Futures 122.000 May 2011 24 12,228 (6,375)
        30 $15,036 ($9,900)
  PUTS          
  Eurodollar Futures $99.375 Sep 2011 6 $3,840 ($1,050)
        6 $3,840 ($1,050)

 

Total Return Trust

The Portfolio used written options to manage against anticipated interest rate changes and maintain diversity and liquidity of the Portfolio.

    EXERCISE EXPIRATION NUMBER OF    
PORTFOLIO DESCRIPTION PRICE DATE CONTRACTS PREMIUM VALUE
Total Return Trust CALLS          
  Eurodollar Futures $99.375 Sep 2011 715 $306,260 ($420,063)
  U.S. Treasury 10-Year Note Futures 123.000 Apr 2011 10 4,506 (313)
  U.S. Treasury 10-Year Note Futures 122.000 May 2011 157 72,781 (41,703)
        882 $383,547 ($462,079)
  PUTS          
  Eurodollar Futures $99.375 Sep 2011 715 $445,618 ($125,125)
  Eurodollar Futures 99.000 Mar 2012 508 404,651 (285,750)
  U.S. Treasury 10-Year Note Futures 118.500 Apr 2011 10 3,881 (5,625)
  U.S. Treasury 10-Year Note Futures 117.000 May 2011 51 26,966 (25,500)
 
 
 
 
529

 


1,284 $881,116 ($442,000)

 

Foreign Currency Options (OTC)

Global Bond Trust

The Portfolio used written options as a substitute for securities purchased.

              USD    
      EXERCISE EXPIRATION   NOTIONAL NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY PRICE DATE   AMOUNT AMOUNT PREMIUM VALUE
 
Global Bond Trust CALLS                
  U.S. Dollar versus Mexican                
  Peso JPMorgan Chase Bank $12.80 Apr 2011 USD 6,200,000 $6,200,000 $58,900 ($6)
  U.S. Dollar versus South                
  Korean Won Citibank N.A. 1,180.00 Apr 2011 USD 4,200,000 4,200,000 29,904 (4)
  U.S. Dollar versus South The Royal Bank of              
  Korean Won Scotland PLC 1,180.00 Apr 2011 USD 4,200,000 4,200,000 30,030 (4)
            14,600,000 $14,600,000 $118,834 ($14)
 
  PUTS                
 
  Euro versus U.S. Dollar HSBC Bank USA $1.97 May 2011 EUR 12,300,000 $17,431,553 $127,686 ($92,893)
  U.S. Dollar versus Japanese                
  Yen Bank of America N.A 76.50 Apr 2011 USD 3,400,000 3,400,000 37,910 (3)
            15,700,000 $20,831,553 $165,596 ($92,896)
 
 
Total Return Trust                  
The Portfolio used written options as a substitute for securities purchased.              
 
              USD    
      EXERCISE EXPIRATION   NOTIONAL NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY PRICE DATE   AMOUNT AMOUNT PREMIUM VALUE
 
Total Return Trust CALLS                
 
 
 
 
530

 


U.S. Dollar versus Japanese The Royal Bank of              
Yen Scotland PLC $79.00 Apr 2011 USD 2,600,000 $2,600,000 $10,660 ($1,040)
          2,600,000 $2,600,000 $10,660 ($1,040)

 

Interest Rate Swaptions (OTC)

Global Bond Trust

The Portfolio used interest rate swaptions to manage against anticipated interest rate changes and maintain diversity and liquidity of the Portfolio.

PAY /
RECEIVE
      FLOATING RATE FLOATING EXERCISE EXPIRATION   NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY INDEX RATE RATE DATE   AMOUNT PREMIUM VALUE
Global Bond                    
Trust PUTS                  
  2-Year Interest Rate Swap Bank of America N.A 3-Month USD LIBOR Receive 2.25% Sep 2012 USD 31,500,000 $277,482 ($438,827)
    The Royal Bank of                
  2-Year Interest Rate Swap Scotland PLC 3-Month USD LIBOR Receive 2.25% Sep 2012 USD 60,000,000 462,607 (835,860)
  3-Year Interest Rate Swap Bank of America N.A 3-Month USD LIBOR Receive 3.00% Jun 2012 USD 13,100,000 133,100 (158,452)
  3-Year Interest Rate Swap Barclays Bank PLC 3-Month USD LIBOR Receive 3.00% Jun 2012 USD 6,100,000 54,667 (73,783)
  3-Year Interest Rate Swap Citibank N.A. 3-Month USD LIBOR Receive 3.00% Jun 2012 USD 9,900,000 107,458 (119,746)
  3-Year Interest Rate Swap Deutsche Bank AG 3-Month USD LIBOR Receive 3.00% Jun 2012 USD 7,900,000 85,858 (95,555)
  3-Year Interest Rate Swap Deutsche Bank AG 3-Month USD LIBOR Receive 2.75% Jun 2012 USD 8,500,000 88,235 (125,738)
  3-Year Interest Rate Swap JPMorgan Chase Bank 3-Month USD LIBOR Receive 3.00% Jun 2012 USD 9,300,000 88,135 (112,489)
    The Royal Bank of                
  3-Year Interest Rate Swap Scotland PLC 3-Month USD LIBOR Receive 3.00% Jun 2012 USD 9,300,000 103,050 (112,489)
    The Royal Bank of                
  3-Year Interest Rate Swap Scotland PLC 3-Month USD LIBOR Receive 2.75% Jun 2012 USD 8,100,000 79,380 (119,821)
    Morgan Stanley                
  10-Year Interest Rate Swap Capital Services, Inc. 3-Month USD LIBOR Receive 10.00% Jul 2012 USD 9,000,000 54,000 (932)
                172,700,000 $1,533,972 ($2,193,692)

 

Real Return Bond Trust

The Portfolio used interest rate swaptions to manage against anticipated interest rate changes and maintain diversity and liquidity of the Portfolio.

531

 


PAY /  
RECEIVE  
      FLOATING RATE FLOATING EXERCISE EXPIRATION   NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY INDEX RATE RATE DATE   AMOUNT PREMIUM VALUE
Real Return                    
Bond Trust CALLS                  
    The Royal Bank of                
  10-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 3.20% May 2011 USD 1,100,000 $5,170 ($2,496)
                1,100,000 $5,170 ($2,496)
 
  PUTS                  
    Goldman Sachs                
  1-Year Interest Rate Swap Capital Markets, L.P. 3 Month USD-LIBOR Receive 1.00% Nov 2012 USD 2,000,000 $11,411 ($26,118)
  2-Year Interest Rate Swap Bank of America N.A 3 Month USD-LIBOR Receive 2.25% Sep 2012 USD 500,000 3,417 (6,966)
    Morgan Stanley                
  2-Year Interest Rate Swap Capital Services, Inc. 3 Month USD-LIBOR Receive 2.25% Sep 2012 USD 200,000 1,280 (2,786)
    The Royal Bank of                
  2-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 2.25% Sep 2012 USD 9,700,000 77,658 (135,131)
  3-Year Interest Rate Swap Bank of America N.A 3 Month USD-LIBOR Receive 3.00% Jun 2012 USD 1,500,000 14,898 (18,143)
  3-Year Interest Rate Swap Citibank N.A. 3 Month USD-LIBOR Receive 3.00% Jun 2012 USD 3,000,000 29,295 (36,287)
  3-Year Interest Rate Swap Deutsche Bank AG 3 Month USD-LIBOR Receive 3.00% Jun 2012 USD 1,000,000 11,177 (12,096)
    The Royal Bank of                
  3-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 3.00% Jun 2012 USD 1,800,000 19,945 (21,772)
    The Royal Bank of                
  10-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 3.90% May 2011 USD 1,100,000 6,600 (5,943)
    Morgan Stanley                
  10-Year Interest Rate Swap Capital Services, Inc. 3 Month USD-LIBOR Receive 10.00% Jul 2012 USD 900,000 5,940 (93)
    The Royal Bank of                
  10-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 10.00% Jul 2012 USD 1,700,000 11,560 (176)
                23,400,000 $193,181 ($265,511)

 

Total Return Trust

The Portfolio used interest rate swaptions to manage against anticipated interest rate changes and maintain diversity and liquidity of the Portfolio.

532

 


PAY /
RECEIVE
      FLOATING RATE FLOATING  EXERCISE EXPIRATION   NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY INDEX RATE RATE DATE   AMOUNT PREMIUM VALUE
Total Return                    
Trust CALLS                  
    The Royal Bank of                
  10-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 3.10% Apr 2011 USD 12,700,000 $50,165 ($5,016)
                12,700,000 $50,165 ($5,016)
 
  PUTS                  
    The Royal Bank of                
  1-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 1.75% Nov 2012 USD 60,600,000 $228,765 ($496,047)
  2-Year Interest Rate Swap Bank of America N.A 3 Month USD-LIBOR Receive 2.25% Sep 2012 USD 37,500,000 315,552 (522,412)
  2-Year Interest Rate Swap Citibank N.A. 3 Month USD-LIBOR Receive 2.25% Sep 2012 USD 4,500,000 30,656 (62,689)
    Morgan Stanley                
  2-Year Interest Rate Swap Capital Services, Inc. 3 Month USD-LIBOR Receive 2.25% Sep 2012 USD 53,900,000 329,804 (750,881)
    The Royal Bank of                
  2-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 2.25% Sep 2012 USD 163,700,000 1,288,370 (2,280,505)
  3-Year Interest Rate Swap Bank of America N.A 3 Month USD-LIBOR Receive 3.00% Jun 2012 USD 47,600,000 498,938 (575,750)
  3-Year Interest Rate Swap Barclays Bank PLC 3 Month USD-LIBOR Receive 3.00% Jun 2012 USD 22,600,000 202,131 (273,361)
  3-Year Interest Rate Swap Citibank N.A. 3 Month USD-LIBOR Receive 3.00% Jun 2012 USD 48,600,000 528,726 (587,846)
  3-Year Interest Rate Swap Deutsche Bank AG 3 Month USD-LIBOR Receive 3.00% Jun 2012 USD 32,600,000 354,771 (394,317)
  3-Year Interest Rate Swap Deutsche Bank AG 3 Month USD-LIBOR Receive 2.75% Jun 2012 USD 17,200,000 178,546 (254,434)
  3-Year Interest Rate Swap JPMorgan Chase Bank 3 Month USD-LIBOR Receive 3.00% Jun 2012 USD 59,900,000 610,239 (724,526)
    The Royal Bank of                
  3-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 3.00% Jun 2012 USD 89,700,000 774,214 (1,084,975)
    The Royal Bank of                
  3-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 2.75% Jun 2012 USD 24,200,000 237,160 (357,983)
  5-Year Interest Rate Swap Citibank N.A. 3 Month USD-LIBOR Receive 3.25% Jul 2012 USD 29,700,000 734,283 (872,034)
    The Royal Bank of                
  5-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 3.25% Jul 2012 USD 9,900,000 248,589 (290,678)
    The Royal Bank of                
  10-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 3.70% Apr 2011 USD 12,700,000 50,800 (70,634)
  10-Year Interest Rate Swap Bank of America N.A 3 Month USD-LIBOR Receive 4.00% Jun 2011 USD 9,800,000 136,220 (59,917)
  10-Year Interest Rate Swap Barclays Bank PLC 3 Month USD-LIBOR Receive 4.00% Jun 2011 USD 5,300,000 74,465 (32,404)
 
 
 
 
533

 


10-Year Interest Rate Swap Deutsche Bank AG 3 Month USD-LIBOR Receive 4.00% Jun 2011 USD 4,900,000 66,885 (29,959)
  The Royal Bank of                
10-Year Interest Rate Swap Scotland PLC 3 Month USD-LIBOR Receive 4.00% Jun 2011 USD 11,200,000 158,306 (68,477)
  Morgan Stanley                
10-Year Interest Rate Swap Capital Services, Inc. 3 Month USD-LIBOR Receive 10.00% Jul 2012 USD 18,500,000 111,463 (1,915)
              764,600,000 $7,158,883 ($9,791,744)

 

Credit Default Swaptions (OTC)

Global Bond Trust

The Portfolio used written options to manage duration of the portfolio.

                  USD    
        BUY/SELL EXERCISE EXPIRATION   NOTIONAL NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY INDEX PROTECTION RATE DATE   AMOUNT AMOUNT PREMIUM VALUE
Global Bond                      
Trust PUTS                    
    Morgan Stanley                  
    Capital Services,                  
  5-Year Credit Default Swap Inc. CDX.IG15 Sell 1.20% Jun 2011 USD 10,000,000 $10,000,000 $50,000 ($10,176)
                10,000,000 $10,000,000 $50,000 ($10,176)

 

Real Return Bond Trust

The Portfolio used written options to manage duration of the portfolio.

USD
        BUY/SELL EXERCISE EXPIRATION   NOTIONAL NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY INDEX PROTECTION RATE DATE   AMOUNT AMOUNT PREMIUM VALUE
Real Return                      
Bond Trust CALLS                    
  5-Year Credit Default Swap Barclays Bank PLC CDX IOG15 Sell 0.80% Jun 2011 USD 200,000 $200,000 $630 ($348)
    Credit Suisse                  
  5-Year Credit Default Swap International CDX IOG15 Sell 0.80% Jun 2011 USD 100,000 100,000 300 (174)
    JPMorgan Chase                  
  5-Year Credit Default Swap Bank CDX IOG15 Sell 0.80% Jun 2011 USD 100,000 100,000 330 (174)
  5-Year Credit Default Swap BNP Paribas CDX IOG15 Sell 0.80% Sep 2011 USD 200,000 200,000 430 (462)
 
 
 
 
534

 


                600,000 $600,000 $1,690 ($1,158)
 
 
  PUTS                    
  5-Year Credit Default Swap Barclays Bank PLC CDX IOG15 Sell 1.20% Jun 2011 USD 200,000 $200,000 $620 ($203)
    Credit Suisse                  
  5-Year Credit Default Swap International CDX IOG15 Sell 1.20% Jun 2011 USD 100,000 100,000 370 (102)
    JPMorgan Chase                  
  5-Year Credit Default Swap Bank CDX IOG15 Sell 1.20% Jun 2011 USD 100,000 100,000 435 (102)
    Morgan Stanley                  
    Capital Services,                  
  5-Year Credit Default Swap Inc. CDX IOG15 Sell 1.20% Jun 2011 USD 100,000 100,000 500 (102)
  5-Year Credit Default Swap BNP Paribas CDX IOG15 Sell 1.20% Sep 2011 USD 200,000 200,000 820 (581)
    Morgan Stanley                  
    Capital Services,                  
  5-Year Credit Default Swap Inc. CDX.IG16 Sell 1.30% Sep 2011 USD 200,000 200,000 900 (795)
  5-Year Credit Default Swap UBS AG CDX IOG15 Sell 1.20% Sep 2011 USD 100,000 100,000 540 (290)
                1,000,000 $1,000,000 $4,185 ($2,175)
 
 
Total Return Trust                    
 
The Portfolio used written options to manage duration of the portfolio.                  
 
 
                  USD    
        BUY/SELL EXERCISE EXPIRATION   NOTIONAL NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY INDEX PROTECTION RATE DATE   AMOUNT AMOUNT PREMIUM VALUE
Total Return                    
Trust CALLS                    
    Bank of America                  
  5-Year Credit Default Swap N.A CDX.IG15 Sell 0.80% Jun 2011 USD 5,000,000 $5,000,000 $16,500 ($8,697)
  5-Year Credit Default Swap BNP Paribas CDX.IG15 Sell 0.80% Sep 2011 USD 6,000,000 6,000,000 12,900 (13,860)
                11,000,000 $11,000,000 $29,400 ($22,557)
 
 
  PUTS                    
    Bank of America                  
  5-Year Credit Default Swap N.A CDX.IG15 Sell 1.20% Jun 2011 USD 5,000,000 $5,000,000 $15,500 ($5,088)
    Bank of America                  
  5-Year Credit Default Swap N.A CDX.IG16 Sell 1.30% Sep 2011 USD 3,100,000 3,100,000 14,105 (12,330)
  5-Year Credit Default Swap Barclays Bank PLC CDX.IG15 Sell 1.20% Sep 2011 USD 1,000,000 1,000,000 5,000 (2,904)
  5-Year Credit Default Swap BNP Paribas CDX.IG15 Sell 1.20% Sep 2011 USD 6,000,000 6,000,000 24,600 (17,423)
 
 
 
 
  535  

 


15,100,000 $15,100,000 $59,205 ($37,745)

 

Inflation Floors (OTC)

Inflation floors are instruments where in return for a premium, one party agrees to make payments to the other to the extent that interest rates fall below a specified rate (based on the Consumer Price Index or other measure), or “floor”.

Global Bond Trust

The Portfolio used inflation floors to manage against anticipated inflation rate changes.

      STRIKE   EXPIRATION   NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY INDEX EXERCISE INDEX DATE   AMOUNT PREMIUM VALUE
        Maximum of          
        ((1+0.0%)10 - (Index          
  Floor- OTC CPURNSA     Final/Index Initial)) or          
Global Bond Trust Index Citibank NA 217.965 $0 Sep 2020 USD 2,000,000 $25,800 ($12,254)
        Maximum of          
        ((1+0.0%)10 - (Index          
  Floor- OTC CPURNSA     Final/Index Initial)) or          
  Index Deutsche Bank AG 218.011 $0 Oct 2020 USD 2,300,000 22,540 (18,063)
              4,300,000 $48,340 ($30,317)
 
 
Real Return Bond Trust                  
 
The Portfolio used inflation floors to manage against anticipated inflation rate changes.              
 
 
      STRIKE   EXPIRATION   NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY INDEX EXERCISE INDEX DATE   AMOUNT PREMIUM VALUE
        Maximum of          
        ((1+0.0%)10 - (Index          
Real Return Bond Floor- OTC CPURNSA     Final/Index Initial)) or          
Trust Index Citibank NA 215.949 $0 Mar 2020 USD 1,100,000 $9,460 ($6,123)
        Maximum of          
        ((1+0.0%)10 - (Index          
  Floor- OTC CPURNSA     Final/Index Initial)) or          
  Index Citibank NA 216.687 $0 Apr 2020 USD 2,600,000 23,160 (14,879)
        Maximum of          
        ((1+0.0%)10 - (Index          
  Floor- OTC CPURNSA     Final/Index Initial)) or          
  Index Citibank NA 217.965 $0 Sep 2020 USD 200,000 2,580 (1,225)
              3,900,000 $35,200 ($22,227)
 
 
 
 
536

 


Total Return Trust                  
 
The Portfolio used inflation floors to manage against anticipated inflation rate changes.              
 
 
      STRIKE   EXPIRATION   NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY INDEX EXERCISE INDEX DATE   AMOUNT PREMIUM VALUE
        Maximum of          
        ((1+0.0%)10 - (Index          
  Floor- OTC CPURNSA     Final/Index Initial)) or          
Total Return Trust Index Citibank N.A. 215.949 $0 Mar 2020 USD 2,600,000 $19,500 ($18,550)
        Maximum of          
        ((1+0.0%)10 - (Index          
  Floor- OTC CPURNSA     Final/Index Initial)) or          
  Index Deutsche Bank AG 215.949 $0 Mar 2020 USD 7,500,000 63,460 (41,747)
        Maximum of          
        ((1+0.0%)10 - (Index          
  Floor- OTC CPURNSA     Final/Index Initial)) or          
  Index Deutsche Bank AG 216.687 $0 Apr 2020 USD 17,900,000 159,640 (102,439)
        Maximum of          
        ((1+0.0%)10 - (Index          
  Floor- OTC CPURNSA     Final/Index Initial)) or          
  Index Citibank N.A. 217.965 $0 Sep 2020 USD 6,900,000 89,010 (42,277)
        Maximum of          
        ((1+0.0%)10 - (Index          
  Floor- OTC CPURNSA     Final/Index Initial)) or          
  Index Citibank N.A. 218.011 $0 Oct 2020 USD 7,100,000 69,580 (55,759)
              42,000,000 $401,190 ($260,772)

 

Forward Volatility Options (OTC)

Global Bond Trust

The Portfolio used forward volatility options to hedge against future expectations of volatility.

      EXERCISE EXPIRATION NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY PRICE* DATE AMOUNT PREMIUM VALUE
Global Bond Trust              
  Call & Put - OTC 1-Year            
  Forward Volatility Agreement JP Morgan Chase Bank - Oct 2011 $3,100,000 $15,748 ($25,986)
  Call & Put - OTC 2-Year            
  Forward Volatility Agreement Morgan Stanley Capital Services, Inc. - Nov 2011 15,200,000 165,296 (268,074)
 
 
 
 
537

 


          $18,300,000 $181,044 ($294,060)
 
Real Return Bond Trust            
 
The Portfolio used forward volatility options to hedge against future expectations of volatility.          
 
      EXERCISE EXPIRATION NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY PRICE* DATE AMOUNT PREMIUM VALUE
Real Return Bond Trust              
  Call & Put - OTC 1-Year            
  Forward Volatility Agreement Goldman Sachs International - Oct 2011 $900,000 $4,752 ($7,544)
  Call & Put - OTC 1-Year            
  Forward Volatility Agreement JPMorgan Chase Bank - Oct 2011 900,000 4,572 (7,544)
  Call & Put - OTC 2-Year            
  Forward Volatility Agreement Morgan Stanley Capital Services, Inc. - Oct 2011 1,900,000 21,101 (33,593)
  Call & Put - OTC 2-Year            
  Forward Volatility Agreement Morgan Stanley Capital Services, Inc. - Nov 2011 2,200,000 23,924 (38,800)
          $5,900,000 $54,349 ($87,481)
 
Total Return Trust              
 
The Portfolio used forward volatility options to hedge against future expectations of volatility.          
 
      EXERCISE EXPIRATION NOTIONAL    
PORTFOLIO DESCRIPTION COUNTERPARTY PRICE* DATE AMOUNT PREMIUM VALUE
Total Return Trust              
  Call & Put - OTC 1-Year            
  Forward Volatility Agreement Goldman Sachs International - Oct 2011 $23,700,000 $125,141 ($198,667)
  Call & Put - OTC 1-Year            
  Forward Volatility Agreement JPMorgan Chase Bank - Oct 2011 21,900,000 111,252 (183,578)
  Call & Put - OTC 2-Year            
  Forward Volatility Agreement Morgan Stanley Capital Services, Inc. - Oct 2011 72,700,000 808,013 (1,285,360)
  Call & Put - OTC 2-Year            
  Forward Volatility Agreement Morgan Stanley Capital Services, Inc. - Nov 2011 59,700,000 649,345 (1,052,894)
          $178,000,000 $1,693,751 ($2,720,499)
 
* Exercise price determined on a future date, based upon implied volatility parameters.          
 
 
 
 
538

 


Swaps. The Portfolios may enter into interest rate and credit default, and other forms of swap agreements. Swap agreements are privately negotiated agreements between a Portfolio and counterparty to exchange cash flows, assets, foreign currencies or market-linked returns at specified intervals. Swaps are marked-to-market daily based upon values from third party vendors or broker quotations, and the change in value is recorded as unrealized appreciation/depreciation of swap contracts. The value of the swap will typically implicate collateral posting obligations by the party that is considered out-of-the-money on the swap.

Interest rate swaps. Interest rate swaps represent an agreement between a Portfolio and counterparty to exchange cash flows based on the difference between two interest rates applied to a notional amount. The payment flows are usually netted against each other, with the difference being paid by one party to the other. The Portfolio settles accrued net interest receivable or payable under the swap contracts on a periodic basis.

The following table summarizes the contracts held at March 31, 2011 and the range of notional contracts amounts held by the Portfolios during the period ended March 31, 2011. In addition, the table details how the Portfolios used interest rate swap contracts during the period ended March 31, 2011.

Global Bond Trust

The Portfolio used interest rate swaps to manage against anticipated interest rate changes, manage duration of the Portfolio and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held interest rate swaps with total USD notional amounts ranging approximately from $153.5 million to $335.1 million, as measured at each quarter end.

                UNAMORTIZED    
                UPFRONT    
        USD PAYMENTS PAYMENTS   PAYMENT UNREALIZED  
    NOTIONAL   NOTIONAL MADE BY RECEIVED MATURITY PAID APPRECIATION MARKET
PORTFOLIO COUNTERPARTY AMOUNT CURRENCY AMOUNT FUND BY FUND DATE (RECEIVED) (DEPRECIATION) VALUE
Global Bond Trust                  
 
  Bank of America                  
  N.A. 2,400,000 USD $2,400,000 Fixed 4.250% 3 Month LIBOR Jun 2041 $24,960 $8,438 $33,398
  Barclays Bank PLC 2,500,000 EUR 3,311,877 FRCPXTOB Fixed 1.948% Mar 2012 - 54,548 54,548
  Barclays Bank PLC 7,600,000,000 JPY 92,126,796 3 Month TIBOR Fixed .350% Mar 2012 (4,008) (1,675) (5,683)
  Barclays Bank PLC 7,800,000 USD 7,800,000 Fixed 3.500% 3 Month LIBOR Jun 2021 276,140 (171,047) 105,093
  BNP Paribas 4,700,000 USD 4,700,000 Fixed 3.500% 3 Month LIBOR Jun 2021 47,846 15,479 63,325
  Citibank N.A. 12,400,000 USD 12,400,000 Fixed 3.500% 3 Month LIBOR Jun 2021 248,713 (81,642) 167,071
  Citibank N.A. 1,500,000 USD 1,500,000 Fixed 4.250% 3 Month LIBOR Jun 2041 14,625 6,249 20,874
  Credit Suisse                  
  International 18,495,649 BRL 12,004,595 CDI Fixed 11.760% Jan 2012 218,828 (13,904) 204,924
  Credit Suisse                  
  International 1,760,000,000 JPY 21,205,496 6 Month LIBOR Fixed 1.500% Jun 2021 320,148 11,499 331,647
  Goldman Sachs 9,900,000 GBP 15,881,572 Fixed 2.500% 6 Month LIBOR Sep 2013 (63,209) - (63,209)
  Goldman Sachs 2,000,000 USD 2,000,000 Fixed 3.500% 3 Month LIBOR Jun 2021 58,520 (31,573) 26,947
 
 
 
 
539

 


HSBC Bank USA 42,574,345 BRL 28,336,974 CDI Fixed 11.530 % Jan 2012 35,124 (65,409) (30,285)
HSBC Bank USA 23,200,000 MXN 1,922,073 TIIE-Banxico Fixed 6.96% Jul 2020 (103,061) (13,115) (116,176)
HSBC Bank USA 11,400,000 USD 11,400,000 Fixed 3.500% 3 Month LIBOR Jun 2021 215,998 (62,400) 153,598
JPMorgan Chase                  
Bank 9,872,558 BRL 6,450,488 CDI Fixed 11.250% Jan 2012 - (24,962) (24,962)
JPMorgan Chase                  
Bank 3,300,000 GBP 5,293,857 Fixed 3.000% 6 Month LIBOR Jun 2016 21,175 - 21,175
Merrill Lynch                  
International 46,035,549 BRL 29,494,662 CDI Fixed 11.330% Jan 2012 - (83,847) (83,847)
Morgan Stanley                  
Capital Services,                  
Inc. 69,900,000 MXN 5,788,241 TIIE-Banxico Fixed 6.59% Dec 2015 (75,787) (34,205) (109,992)
Morgan Stanley                  
Capital Services,                  
Inc. 21,800,000 USD 21,800,000 Fixed 3.500% 3 Month LIBOR Jun 2021 423,457 (129,735) 293,722
Morgan Stanley                  
Capital Services,                  
Inc. 870,000,000 JPY 10,561,457 6 Month LIBOR Fixed 1.500% Jun 2021 102,974 60,965 163,939
Morgan Stanley                  
Capital Services,                  
Inc. 10,200,000 USD 10,200,000 Fixed 4.250% 3 Month LIBOR Jun 2041 26,520 115,421 141,941
The Royal Bank of                  
Scotland PLC 5,959,406 BRL 3,893,538 CDI Fixed 11.245% Jan 2012 - (15,068) (15,068)
The Royal Bank of                  
Scotland PLC 2,100,000 EUR 2,800,351 FRCPXTOB Fixed 1.955% Mar 2012 - 46,898 46,898
The Royal Bank of                  
Scotland PLC 1,500,000 EUR 2,000,400 FRCPXTOB Fixed 1.950% Mar 2012 - 34,061 34,061
The Royal Bank of                  
Scotland PLC 490,000,000 JPY 5,922,882 6 Month LIBOR Fixed 1.500% Jun 2021 85,337 6,997 92,334
The Royal Bank of                  
Scotland PLC 4,800,000 USD 4,800,000 Fixed 3.500% 3 Month LIBOR Jun 2021 45,600 19,073 64,673.00
The Royal Bank of                  
Scotland PLC 7,400,000 USD 7,400,000 Fixed 4.250% 3 Month LIBOR Jun 2041 251,725 (148,748) 102,977
UBS AG 1,700,000 USD 1,700,000 Fixed 4.250% 3 Month LIBOR Jun 2041 51,510 (27,853) 23,657
      $335,095,258       $2,223,135 ($525,555) $1,697,580

 

Investment Quality Bond

The Portfolio used interest rate swaps to manage against anticipated interest rate changes. During the period ended March 31, 2011, the Portfolio held interest rate swaps with total USD notional amounts as represented below, as measured at each quarter end.

540

 


              UNAMORTIZED    
              UPFRONT    
      USD PAYMENTS PAYMENTS   PAYMENT UNREALIZED  
  NOTIONAL   NOTIONAL MADE BY RECEIVED MATURITY PAID APPRECIATION MARKET
PORTFOLIO COUNTERPARTY AMOUNT CURRENCY AMOUNT FUND BY FUND DATE (RECEIVED) (DEPRECIATION) VALUE
Investment Quality Bond                  
 
JPMorgan Chase                  
Bank 5,100,000 USD $5,100,000 Fixed 4.3175% 3 month LIBOR Dec 2028 - ($200,557) ($200,557)
JPMorgan Chase                  
Bank 2,100,000 USD 2,100,000 Fixed 3.425% 3 month LIBOR Jun 2039 - 278,522 278,522
      $7,200,000       - $77,965 $77,965

 

Real Return Bond Trust

The Portfolio used interest rate swaps to manage against anticipated interest rate changes, manage duration and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held interest rate swaps with total USD notional amounts ranging approximately from $16.9 million to $18.0 million, as measured at each quarter end.

                UNAMORTIZED    
                UPFRONT    
        USD PAYMENTS PAYMENTS   PAYMENT UNREALIZED  
    NOTIONAL   NOTIONAL MADE BY RECEIVED MATURITY PAID APPRECIATION MARKET
PORTFOLIO COUNTERPARTY AMOUNT CURRENCY AMOUNT FUND BY FUND DATE (RECEIVED) (DEPRECIATION) VALUE
Real Return Bond Trust                  
  
  Barclays Bank PLC 700,000 USD $700,000 Fixed 4.250% 3 Month LIBOR Jun 2041 $4,200 $5,541 $9,741
  BNP Paribas 375,469 BRL 286,336 CDI Fixed 11.880% Jan 2013 (2,358) 3,404 1,046
  Goldman Sachs 1,800,000 USD 1,800,000 Fixed 4.250% 3 Month LIBOR Jun 2041 61,920 (36,872) 25,048
  HSBC Bank USA 2,225,968 BRL 1,424,177 CDI Fixed 11.140% Jan 2012 9,591 16,779 26,370
  HSBC Bank USA 533,072 BRL 335,570 CDI Fixed 11.360% Jan 2012 1,689 3,861 5,550
  JPMorgan Chase                  
  Bank 889,420 BRL 584,624 CDI Fixed 11.250% Jan 2012 (25) (2,224) (2,249)
  Morgan Stanley                  
  Capital Services,                  
  Inc. 8,545,268 BRL 5,201,204 CDI Fixed 10.115% Jan 2012 (33,585) (175,395) (208,980)
  Morgan Stanley                  
  Capital Services,                  
  Inc. 1,417,189 BRL 902,935 CDI Fixed 11.670% Jan 2012 14,244 14,231 28,475
  Morgan Stanley                  
  Capital Services,                  
  Inc. 886,354 BRL 554,324 CDI Fixed 11.600% Jan 2012 8,184 8,639 16,823
 
 
 
 
          541          

 


Morgan Stanley                  
Capital Services,                  
Inc. 1,151,920 BRL 715,131 CDI Fixed 11.630% Jan 2012 (459) 6,085 5,626
Morgan Stanley                  
Capital Services,                  
Inc. 177,814 BRL 116,618 CDI Fixed 11.290% Jan 2012 (212) (166) (378)
UBS AG 3,200,000 EUR 4,046,878 FRCPXTOB Fixed 2.095% Oct 2011 - 138,296 138,296
UBS AG 373,847 BRL 276,549 CDI Fixed 12.070% Jan 2013 (1,760) 4,326 2,566
Total     $16,944,346       $61,429 ($13,495) $47,934

 

Total Return Trust

The Portfolio used interest rate swaps to manage against anticipated interest rate changes, manage duration of the Portfolio and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held interest rate swaps with total USD notional amounts ranging approximately from $459.4 million to $571.8 million, as measured at each quarter end.

                UNAMORTIZED    
            PAYMENTS   UPFRONT    
        USD PAYMENTS RECEIVED   PAYMENT UNREALIZED  
    NOTIONAL   NOTIONAL MADE BY BY MATURITY PAID APPPRECIATION MARKET
PORTFOLIO COUNTERPARTY AMOUNT CURRENCY AMOUNT PORTFORLIO PORTFOLIO DATE (RECEIVED) (DEPRECIATION) VALUE
Total Return Trust                  
 
  Bank of America                  
  N.A. 9,900,000 USD $9,900,000 Fixed 3.500% 3 Month LIBOR Jun 2021 $193,802 ($60,414) $133,388
  Bank of America                  
  N.A. 1,400,000 USD 1,400,000 Fixed 4.250% 3 Month LIBOR Jun 2041 60,844 (41,362) 19,482
  Barclays Bank PLC 1,518,858 BRL 967,008 CDI Fixed 10.835% Jan 2012 2,861 8,212 11,073
  Barclays Bank PLC 895,167 BRL 426,658 CDI Fixed 10.600% Jan 2012 - 3,034 3,034
  Barclays Bank PLC 34,672,535 BRL 25,291,723 CDI Fixed 12.285% Jan 2013 107,973 273,222 381,195
  Barclays Bank PLC 22,662,806 BRL 16,696,466 CDI Fixed 11.910% Jan 2013 30,758 29,393 60,151
  Barclays Bank PLC 295,200,000 MXN 22,923,128 TIIE Banxico Fixed 7.340% Jan 2015 (627) 450,588 449,961
  Barclays Bank PLC 2,600,000 USD 2,600,000 Fixed 4.250% 3 Month LIBOR Jun 2041 58,500 (22,319) 36,181
  BNP Paribas 7,819,427 BRL 4,864,304 CDI Fixed 11.390% Jan 2012 - 33,765 33,765
  BNP Paribas 6,908,626 BRL 5,104,693 CDI Fixed 11.880% Jan 2013 642 18,607 19,249
  BNP Paribas 2,089,939 BRL 1,806,586 CDI Fixed 12.110% Jan 2014 - (157) (157)
  BNP Paribas 19,374,212 BRL 17,426,874 CDI Fixed 12.560% Jan 2014 - 109,426 109,426
  BNP Paribas 1,200,000 USD 1,200,000 Fixed 4.250% 3 Month LIBOR Jun 2041 52,800 (36,101) 16,699
  Citibank N.A. 86,600,000 MXN 6,687,775 TIIE Banxico Fixed 7.330% Jan 2015 (3,791) 133,280 129,489
  Citibank N.A. 4,800,000 USD 4,800,000 Fixed 4.250% 3 Month LIBOR Jun 2041 173,100 (106,304) 66,796
 
 
 
 
          542          

 


Credit Suisse                  
International 31,852,634 BRL 23,284,121 CDI Fixed 12.480% Jan 2013 73,254 180,987 254,241
Credit Suisse       6 Month          
International 14,300,000 EUR 20,020,721 EURIBOR Fixed 2.500% Sep 2013 (34,436) (61,077) (95,513)
Credit Suisse                  
International 4,900,000 USD 4,900,000 Fixed 4.250% 3 Month LIBOR Jun 2041 112,485 (44,298) 68,187
        3 Month BBR-          
Deutsche Bank AG 3,100,000 AUD 2,200,845 BBSW Fixed 4.500% Jun 2011 (2,457) (1,103) (3,560)
Deutsche Bank AG 9,900,000 USD 9,900,000 Fixed 3.500% 3 Month LIBOR Jun 2021 310,740 (177,352) 133,388
Goldman Sachs 7,850,297 BRL 4,838,327 CDI Fixed 10.990% Jan 2012 14,851 39,895 54,746
Goldman Sachs 9,109,426 BRL 5,355,408 CDI Fixed 10.835% Jan 2012 2,689 63,747 66,436
Goldman Sachs 19,603,740 BRL 14,186,900 CDI Fixed 11.890% Jan 2013 5,575 62,852 68,427
Goldman Sachs 7,125,779 BRL 5,040,921 CDI Fixed 11.930% Jan 2013 (13,633) 39,915 26,282
Goldman Sachs 12,730,020 BRL 11,554,826 CDI Fixed 12.650% Jan 2014 141,431 47,409 188,840
Goldman Sachs 6,000,000 USD 6,000,000 Fixed 4.250% 3 Month LIBOR Jun 2041 167,940 (84,445) 83,495
HSBC Bank USA 601,665 BRL 445,434 CDI Fixed 14.765% Jan 2012 1,770 42,256 44,026
HSBC Bank USA 1,342,617 BRL 639,986 CDI Fixed 10.610% Jan 2012 - 4,764 4,764
HSBC Bank USA 76,318,198 BRL 48,057,275 CDI Fixed 11.360% Jan 2012 27,192 767,346 794,538
HSBC Bank USA 4,006,743 BRL 2,577,162 CDI Fixed 11.140% Jan 2012 20,431 27,035 47,466
HSBC Bank USA 20,946,381 BRL 15,228,015 CDI Fixed 11.890% Jan 2013 22,579 50,572 73,151
HSBC Bank USA 35,255,753 BRL 26,132,485 CDI Fixed 12.300% Jan 2013 113,825 287,101 400,926
HSBC Bank USA 4,806,001 BRL 3,412,454 CDI Fixed 11.880% Jan 2013 (4,481) 10,939 6,458
HSBC Bank USA 997,920 BRL 880,088 CDI Fixed 12.540% Jan 2014 10,381 1,645 12,026
HSBC Bank USA 25,700,000 USD 25,700,000 Fixed 4.250% 3 Month LIBOR Jun 2041 314,975 42,661 357,636
JPMorgan Chase                  
Bank 537,100 BRL 255,995 CDI Fixed 10.600% Jan 2012 - 1,820 1,820
JPMorgan Chase                  
Bank 25,002,183 BRL 18,758,891 CDI Fixed 12.170% Jan 2013 100,721 118,193 218,914
JPMorgan Chase                  
Bank 4,545,268 BRL 3,878,924 CDI Fixed 12.200% Jan 2014 (1,421) 14,198 12,777
JPMorgan Chase                  
Bank 48,700,000 MXN 3,760,908 TIIE Banxico Fixed 7.330% Jan 2015 (2,126) 74,945 72,819
JPMorgan Chase                  
Bank 4,600,000 USD 4,600,000 Fixed 3.500% 3 Month LIBOR Jun 2021 2,070 59,908 61,978
JPMorgan Chase                  
Bank 1,100,000 USD 1,100,000 Fixed 4.250% 3 Month LIBOR Jun 2041 50,160 (34,853) 15,307
Merrill Lynch                  
Capital Services,                  
Inc. 9,902,079 BRL 6,226,408 CDI Fixed 10.990% Jan 2012 17,525 51,529 69,054
 
 
 
 
543

 


Merrill Lynch                  
Capital Services,                  
Inc. 9,625,227 BRL 5,572,597 CDI Fixed 11.980% Jan 2012 - 234,792 234,792
Merrill Lynch                  
Capital Services,                  
Inc. 1,975,821 BRL 1,455,700 CDI Fixed 14.765% Jan 2012 3,591 141,067 144,658
Merrill Lynch                  
Capital Services,                  
Inc. 17,864,165 BRL 12,915,456 CDI Fixed 11.900% Jan 2013 15,524 28,823 44,347
Morgan Stanley                  
Capital Services,                  
Inc. 37,167,359 BRL 28,246,811 CDI Fixed 12.590% Jan 2013 6,340 356,740 363,080
Morgan Stanley                  
Capital Services,                  
Inc. 4,270,598 BRL 3,020,668 CDI Fixed 11.980% Jan 2013 8,880 11,928 20,808
Morgan Stanley                  
Capital Services,                  
Inc. 13,600,000 MXN 1,128,870 TIIE Banxico Fixed 6.500% Mar 2013 (530) (301) (831)
Morgan Stanley                  
Capital Services,       6 Month          
Inc. 10,900,000 EUR 15,155,370 EURIBOR Fixed 2.500% Sep 2013 (63,653) (9,151) (72,804)
Morgan Stanley                  
Capital Services,                  
Inc. 10,234,800 BRL 9,249,859 CDI Fixed 12.510% Jan 2014 75,450 40,406 115,856
Morgan Stanley                  
Capital Services,                  
Inc. 1,700,000 USD 1,700,000 Fixed 3.500% 3 Month LIBOR Jun 2021 47,955 (25,050) 22,905
Morgan Stanley                  
Capital Services,                  
Inc. 16,200,000 USD 16,200,000 Fixed 4.250% 3 Month LIBOR Jun 2041 284,232 (58,796) 225,436
The Royal Bank of                  
Scotland PLC 31,000,000 USD 31,000,000 Fixed 4.250% 3 Month LIBOR Jun 2041 566,480 (135,090) 431,390
        3 Month BBR-          
UBS AG 47,500,000 AUD 33,782,006 BBSW Fixed 4.500% Jun 2011 780 (55,323) (54,543)
UBS AG 5,862,841 BRL 3,601,441 CDI Fixed 11.420% Jan 2012 - 27,431 27,431
UBS AG 11,192,369 BRL 6,393,032 CDI Fixed 10.575% Jan 2012 (32,098) (89,881) (121,979)
UBS AG 10,889,923 BRL 6,914,825 CDI Fixed 12.540% Jan 2012 (1,564) 390,229 388,665
UBS AG 2,244,095 BRL 1,645,639 CDI Fixed 12.070% Jan 2013 7,474 7,921 15,395
UBS AG 2,079,542 BRL 1,809,211 CDI Fixed 12.250% Jan 2014 9,150 111 9,261
UBS AG 1,000,000 USD 1,000,000 Fixed 4.250% 3 Month LIBOR Jun 2041 37,750 (23,834) 13,916
      $571,822,794       $3,094,663 $3,221,481 $6,316,144
 
 
 
 
        544          

 


Credit default swaps. Credit default swaps (CDS) involve the exchange of a fixed rate premium (paid by the Buyer), for protection against the loss in value of an underlying debt instrument, referenced entity or index, in the event of a defined credit event (such as payment default or bankruptcy). Under the terms of the swap, one party acts as a “guarantor” (the Seller), receiving the premium and agreeing to remedies that are specified within the credit default agreement. Portfolios may enter into CDS in which it may act as either Buyer or Seller. By acting as the Seller, the Portfolio may incur economic leverage since it would be obligated to pay the Buyer the notional amount of the contract in the event of a default. The amount of loss in such case would be reduced by any recovery value on the underlying credit.

The following table summarizes the contracts held at March 31, 2011 and the range of contracts notional amounts held by the Portfolios during the period ended March 31, 2011. In addition the table details how the Portfolios used credit default swap contracts as a buyer of protection during the period ended March 31, 2011.

Active Bond Trust

The Portfolio used credit default swaps to manage against potential credit events. During the period ended March 31, 2011, the Portfolio held credit default swaps with total USD notional amounts up to approximately $10.0 million, as measured at each quarter end.

            (PAY) /        
          USD RECEIVE   UNAMORTIZED UNREALIZED  
    REFERENCE NOTIONAL   NOTIONAL FIXED MATURITY UPFRONT PAYMENT APPRECIATION MARKET
PORTFOLIO COUNTERPARTY OBLIGATION AMOUNT CURRENCY AMOUNT RATE DATE PAID (RECEIVED) (DEPRECIATION) VALUE
 
Active Bond Trust                  
 
 
  Bank of America, N.A. Republic of Italy 10,000,000 USD $10,000,000 (1.000)% Mar 2016 $689,317 ($474,990) $214,327
 
          $10,000,000     $689,317 ($474,990) $214,327

 

Core Allocation Plus Trust

The Portfolio used credit default swaps to manage against potential credit events. During the period ended March 31, 2011, the Portfolio held credit default swaps with total USD notional amounts up to approximately $50.0 thousand, as measured at each quarter end.

            (PAY) /        
          USD RECEIVE   UNAMORTIZED UNREALIZED  
    REFERENCE NOTIONAL   NOTIONAL FIXED MATURITY UPFRONT PAYMENT APPRECIATION MARKET
PORTFOLIO COUNTERPARTY OBLIGATION AMOUNT CURRENCY AMOUNT RATE DATE PAID (RECEIVED) (DEPRECIATION) VALUE
 
Core Allocation Plus Trust                  
 
 
 
 
545

 


  Everest              
  Reinsurance              
Goldman Sachs Holdings, Inc. 50,000 USD $50,000 (1.750)% Dec 2013 - ($1,205) ($1,205)
        $50,000     - ($1,205) ($1,205)

 

Global Bond Trust


The Portfolio used credit default swaps to manage against potential credit events and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held credit default swaps with total USD notional amounts ranging from approximately $48.9 million to $54.9 million, as measured at each quarter end.

 

 

            (PAY) /        
          USD RECEIVE   UNAMORTIZED UNREALIZED  
    REFERENCE NOTIONAL   NOTIONAL FIXED MATURITY UPFRONT PAYMENT  APPRECIATION MARKET
PORTFOLIO COUNTERPARTY OBLIGATION AMOUNT CURRENCY AMOUNT RATE DATE PAID (RECEIVED) (DEPRECIATION) VALUE
Global Bond Trust                  
 
 
    CNA Financial                
  Bank of America N.A. Corp. 4,000,000.00 USD $4,000,000 (0.940)% Dec 2014 - $26,689 $26,689
    Computer                
  Bank of America N.A. Sciences Corp. 2,700,000.00 USD 2,700,000 (0.970)% Mar 2018 - 131,865 131,865
    Marsh &                
    Mclennan                
    Companies,                
  Bank of America N.A. Inc. 3,000,000.00 USD 3,000,000 (0.990)% Sep 2015 - (7,502) (7,502)
    Spectra Energy                
  Bank of America N.A. Capital, LLC 3,000,000.00 USD 3,000,000 (1.180)% Jun 2018 - (69,554) (69,554)
    Starwood                
    Hotels &                
    Resorts                
  Bank of America N.A. Worldwide, Inc. 3,000,000.00 USD 3,000,000.00 (1.490)% Jun 2018 - 26,195 26,195
    Sealed Air                
  Barclays Bank PLC Corp. 3,000,000.00 USD 3,000,000 (1.035)% Sep 2013 - (9,652) (9,652)
    National Grid                
  Barclays Bank PLC PLC 1,700,000.00 USD 1,700,000 (0.208)% Jun 2011 - (250) (250)
    CNA Financial                
  Bear Stearns Corp. 900,000.00 USD 900,000 (0.440)% Sep 2011 - 428 428
 
  Bear Stearns Loews Corp. 400,000.00 USD 400,000 (0.330)% Mar 2016 - 12,440 12,440
 
  BNP Paribas Vivendi 1,300,000.00 USD 1,300,000 (1.743)% Jun 2013 - (37,635) (37,635)
  BNP Paribas Vivendi 1,300,000.00 USD 1,300,000 (1.780)% Jun 2013 -  (38,748)  (38,748)
 
 
 
 
546

 


               
 
BNP Paribas Vivendi 1,100,000.00 USD 1,100,000 (1.820)% Jun 2013 - (33,778) (33,778)
 
Citibank N.A. Autozone, Inc. 800,000.00 USD 800,000 (0.680)% Dec 2012 - (4,793) (4,793)
 
Citibank N.A. Pearson PLC 3,000,000.00 USD 3,000,000 (0.570)% Jun 2013 - (20,019) (20,019)
  Sealed Air                
Citibank N.A. Corp. 1,200,000.00 USD 1,200,000 (0.590)% Sep 2013 - 9,368 9,368
 
  Tate & Lyle                
  Public Limited                
Deutsche Bank AG Company 400,000.00 USD 400,000 (0.510)% Dec 2014 - 2,655 2,655
  Marsh &                
  Mclennan                
  Companies,                
Deutsche Bank AG Inc. 2,000,000.00 USD 2,000,000 (0.800)% Sep 2015 - 11,327 11,327
  Spectra Energy                
Deutsche Bank AG Capital, LLC 1,000,000.00 USD 1,000,000 (1.200)% Jun 2018 - (24,493) (24,493)
 
  International                
Goldman Sachs Lease Finance                
International Corp. 2,800,000.00 USD 2,800,000.00 (5.000)% Jun 2013 ($115,602) (43,582) (159,184)
JPMorgan Chase CNA Financial                
Bank Corp. 700,000.00 USD 700,000 (0.440)% Sep 2011 - 333 333
 
  Health Care                
JPMorgan Chase Property                
Bank Investors, Inc. 200,000.00 USD 200,000 (0.610)% Sep 2011 - (180) (180)
 
  International                
Merrill Lynch Lease Finance                
International Corp. 1,100,000.00 USD 1,100,000 (0.130)% Mar 2012 - 17,349 17,349
Morgan Stanley                  
Capital Services, Inc. Masco Corp. 300,000.00 USD 300,000 (0.580)% Sep 2012 - 4,612 4,612
Morgan Stanley Simon Property                
Capital Services, Inc. Group, L.P. 3,000,000.00 USD 3,000,000 (0.885)% Jun 2018 - 23,332 23,332
Morgan Stanley Spectra Energy                
Capital Services, Inc. Capital, LLC 1,000,000.00 USD 1,000,000 (1.150)% Jun 2018 - (21,222) (21,222)
The Royal Bank of                  
Scotland PLC Gatx Corp. 3,000,000.00 USD 3,000,000 (0.605)% Mar 2012 - (7,914) (7,914)
 
 
 
 
547

 


  The Cleveland              
  Electric                
The Royal Bank of Illuminating                
Scotland PLC Company 3,000,000.00 USD 3,000,000 (0.9400)% Jun 2017 - 140,055 140,055
        $48,900,000     ($115,602) $87,326 ($28,276)

 

Investment Quality Bond Trust

The Portfolio used credit default swaps to manage against potential credit events. During the period ended March 31, 2011, the Portfolio held credit default swaps with total USD notional amounts as presented below, as measured at each quarter end.

            (PAY) /        
          USD RECEIVE   UNAMORTIZED UNREALIZED  
    REFERENCE NOTIONAL   NOTIONAL FIXED MATURITY UPFRONT PAYMENT APPRECIATION MARKET
PORTFOLIO COUNTERPARTY OBLIGATION AMOUNT CURRENCY AMOUNT RATE DATE PAID (RECEIVED) (DEPRECIATION) VALUE
Investment Quality Bond Trust                  
 
 
  Goldman Sachs Macy's, Inc. 1,250,000 USD $1,250,000 (2.700)% Sep 2013 - ($57,717) ($57,717)
  JPMorgan Chase                  
  Bank CDX.NA.IG.14 6,000,000 USD 6,000,000 (1.000)% Jun 2020 $65,256 (3,358) 61,898
 
    Everest                
    Reinsurance                
  UBS Securities LLC Holdings, Inc. 1,450,000 USD 1,450,000 (1.800)% Dec 2013 - (36,911) (36,911)
          $8,700,000     $65,256 ($97,986) ($32,730)

 

Real Return Bond Trust

The Portfolio used credit default swaps to manage against potential credit events and as a substitute for securities purchased. During the period ended March 31, 2011, the Portfolio held credit default swaps with total USD notional amounts as presented below, as measured at each quarter end.

            (PAY) /        
          USD RECEIVE   UNAMORTIZED UNREALIZED  
    REFERENCE NOTIONAL   NOTIONAL FIXED MATURITY UPFRONT PAYMENT APPRECIATION MARKET
PORTFOLIO COUNTERPARTY OBLIGATION AMOUNT CURRENCY AMOUNT RATE DATE PAID (RECEIVED) (DEPRECIATION) VALUE
Real Return Bond Trust                  
 
 
    Liberty Mutual                
  Bank of America N.A. Group, Inc. 900,000 USD $900,000 (1.390)% Mar 2014 - $8,040 $8,040
  Barclays Bank PLC Rexam PLC 1,000,000 USD 1,000,000 (1.450)% Dec 2013 - (12,908) (12,908)
 
 
 
 
548

 


  Everest              
  Reinsurance              
Barclays Bank PLC Holdings, Inc. 1,000,000 USD 1,000,000 (0.535)% Dec 2014 - 15,979 15,979
  International              
  Lease Finance              
BNP Paribas Corp. 800,000 USD 800,000 (1.600)% Dec 2013 - 25,122 $25,122
        $3,700,000     - $36,233 $36,233

 

Implied credit spreads are utilized in determining the market value of CDS agreements in which the Portfolio is the Seller at period end. The implied credit spread generally represents the yield of the instrument above a credit-risk free rate, such as the U.S. Treasury Bond Yield, and may include upfront payments required to be made to enter into the agreement. It also serves as an indicator of the current status of the payment/performance risk and represents the likelihood or risk of default for the credit derivative. Wider credit spreads represent a deterioration of the referenced entity’s credit rating and an increased risk of default or other credit event occurring as defined under the terms of the agreement. The maximum potential amount of future payments (undiscounted) that the Portfolio as the Seller could be required to make under a CDS agreement would be an amount equal to the notional amount of the agreement.

The following table summarizes the contracts held at March 31, 2011 and the range of notional contracts amounts held by the Portfolios during the period ended March 31, 2011. In addition, the table details how the Portfolios used credit default swap contracts as a seller of protection during the period ended March 31, 2011.

Core Allocation Plus Trust

The Portfolio used credit default swaps to take a long position in the exposure of the benchmark credit. During the period ended March 31, 2011, the Portfolio held interest rate swaps with total USD notional amounts up to approximately $3.7 million, as measured at each quarter end.

      IMPLIED                
      CREDIT       (PAY) /        
      SPREAD     USD RECEIVE   UNAMORTIZED UNREALIZED  
    REFERENCE AT 3-31- NOTIONAL   NOTIONAL FIXED MATURITY UPFRONT PAYMENT APPRECIATION MARKET
PORTFOLIO COUNTERPARTY OBLIGATION 2011 AMOUNT CURRENCY AMOUNT RATE DATE PAID (RECEIVED) (DEPRECIATION) VALUE
 
Core Allocation Plus Trust                    
    CDX.NA.15-V1                  
  Goldman Sachs 12-15 n/a 380,000 USD $380,000 2.500 % Dec 2015 $2,137 $65 $2,202
    CDX.NA.15-V1                  
  Goldman Sachs 12-15 n/a 380,000 USD 380,000 2.500 % Dec 2015 2,375 290 2,665
    CDX-                  
  Goldman Sachs NAHYS15V1 n/a 885,000 USD 885,000 5.000 % Dec 2015 29,316 2,731 32,047
    CDX-                  
  Goldman Sachs NAHYS15V1 n/a 305,000 USD 305,000 5.000 % Dec 2015 11,247 (203) 11,044
    CDX-                  
  Goldman Sachs NAHYS15V1 n/a 290,000 USD 290,000 5.000 % Dec 2015 11,056 (555) 10,501
    CDX-                  
  Goldman Sachs NAHYS15V1 n/a 735,000 USD 735,000 5.000 % Dec 2015 28,022 (1,407) 26,615
 
 
 
 
549

 


CDX-                
Goldman Sachs NAHYS16V1 n/a 165,000 USD 165,000 5.000 % Jun 2016 4,125 (223) 3,902
  ITRAXX-                  
Goldman Sachs XOVERS15V1 n/a 410,000 EUR 579,125 5.000 % Jun 2016 27,995 1,552 29,547
          $3,719,125     $116,273 $2,250 $118,523

 

Global Bond Trust

The Portfolio used credit default swaps to gain exposure to a security or credit index. During the period ended March 31, 2011, the Portfolio held interest rate swaps with total USD notional amounts ranging from approximately $109.7 million to $152.9 million, as measured at each quarter end.

      IMPLIED                
      CREDIT       (PAY) /        
      SPREAD     USD RECEIVE   UNAMORTIZED UNREALIZED  
    REFERENCE AT 3-31- NOTIONAL   NOTIONAL FIXED MATURITY UPFRONT PAYMENT  APPRECIATION MARKET
PORTFOLIO COUNTERPARTY OBLIGATION 2011 AMOUNT CURRENCY AMOUNT RATE DATE PAID (RECEIVED) (DEPRECIATION) VALUE
 
Global Bond Trust                    
    United Kingdom                  
    of Great Britain                  
  Bank of America and Northern                  
  N.A. Ireland 0.47% 2,300,000 USD $2,300,000 1.000 % Jun 2015 $18,202 $32,582 $50,784
    United Kingdom                  
    of Great Britain                  
  Bank of America and Northern                  
  N.A. Ireland 0.47% 7,900,000 USD 7,900,000 1.000 % Jun 2015 46,547 127,885 174,432
  Bank of America                    
  N.A. French Republic 0.73% 1,300,000 USD 1,300,000 0.250 % Mar 2016 (50,950) 21,470 (29,480)
    Federative                  
  Bank of America Republic of                  
  N.A. Brazil 0.32% 1,400,000 USD 1,400,000 1.000 % Dec 2011 3,533 3,904 7,437
  Bank of America United Mexican                  
  N.A. States 0.40% 3,800,000 USD 3,800,000 1.000 % Dec 2011 9,450 8,442 17,892
  Bank of America Ally Financial,                  
  N.A. Inc. 1.81% 1,300,000 USD 1,300,000 5.000 % Dec 2012 18,957 52,924 71,881
  Bank of America                    
  N.A. MCDX.NA.15 n/a 900,000 USD 900,000 1.000 % Dec 2015 (24,181) 6,357 (17,824)
  Bank of America State of                  
  N.A. California 2.12% 4,900,000 USD 4,900,000 2.930 % Dec 2020 - 238,090 238,090
  Barclays Bank United Mexican                  
  PLC States 0.40% 3,800,000 USD 3,800,000 1.000 % Dec 2011 9,066 8,826 17,892
    Commonwealth                  
  BNP Paribas of Australia 0.41% 5,300,000 USD 5,300,000 1.000 % Jun 2015 75,905 53,142 129,047
    Russian                  
  Citibank N.A. Federation 0.35% 2,600,000 USD 2,600,000 1.000 % Dec 2011 5,322 7,802 13,124
    United Kingdom                  
    of Great Britain                  
  Citibank N.A. and Northern 0.47% 2,800,000 USD 2,800,000 1.000 % Jun 2015 17,663 44,161 61,824
  Ireland                
 
 
 
 
550

 


  Republic of                  
Citibank N.A. Korea 0.95% 2,800,000 USD 2,800,000 1.000 % Dec 2015 27,886 (21,386) 6,500
 
Citibank N.A. French Republic 0.73% 3,200,000 USD 3,200,000 0.250 % Mar 2016 (125,561) 52,996 (72,565)
  People's                  
  Republic of                  
Citibank N.A. China 0.68% 3,300,000 USD 3,300,000 1.000 % Mar 2016 34,020 16,388 50,408
 
Citibank N.A. MCDX.NA.15 n/a 300,000 USD 300,000 1.000 % Dec 2020 (16,354) 1,451 (14,903)
Credit Suisse Government of                  
International Japan 0.96% 4,700,000 USD 4,700,000 1.000 % Mar 2016 (32,881) 42,038 9,157
  People's                  
Credit Suisse Republic of                  
International China 0.68% 3,100,000 USD 3,100,000 1.000 % Mar 2016 31,911 15,442 47,353
  Federative                  
Deutsche Bank Republic of                  
AG Brazil 0.32% 3,500,000 USD 3,500,000 1.000 % Dec 2011 9,432 9,160 18,592
Deutsche Bank Ally Financial,                  
AG Inc. 1.68% 1,300,000 USD 1,300,000 5.000 % Sep 2012 18,179 46,564 64,743
  United Kingdom                  
  of Great Britain                  
Deutsche Bank and Northern                  
AG Ireland 0.47% 1,800,000 USD 1,800,000 1.000 % Jun 2015 11,381 28,363 39,744
Deutsche Bank                    
AG French Republic 0.70% 8,800,000 USD 8,800,000 0.250 % Dec 2015 (211,382) 32,961 (178,421)
Deutsche Bank                    
AG French Republic 0.70% 6,100,000 USD 6,100,000 0.250 % Dec 2015 (138,021) 14,343 (123,678)
Deutsche Bank                    
AG French Republic 0.70% 4,500,000 USD 4,500,000 0.250 % Dec 2015 (87,636) (3,602) (91,238)
  People's                  
Deutsche Bank Republic of                  
AG China 0.66% 800,000 USD 800,000 1.000 % Dec 2015 16,085 (3,473) 12,612
  United Kingdom                  
  of Great Britain                  
Deutsche Bank and Northern                  
AG Ireland 0.52% 6,000,000 USD 6,000,000 1.000 % Dec 2015 123,386 9,217 132,603
Deutsche Bank United States of                  
AG America 0.38% 7,900,000 USD 7,900,000 0.250 % Dec 2015 (101,734) 38,663 (63,071)
Deutsche Bank Commonwealth                  
AG of Australia 0.50% 2,700,000 USD 2,700,000 1.000 % Mar 2016 55,535 9,426 64,961
Deutsche Bank Republic of                  
AG Korea 0.98% 1,600,000 USD 1,600,000 1.000 % Mar 2016 (4,446) 6,565 2,119
Deutsche Bank Republic of                  
AG Korea 0.98% 700,000 USD 700,000 1.000 % Mar 2016 (1,785) 2,712 927
Deutsche Bank                    
London Branch MCDX.NA.15 n/a 1,500,000 USD 1,500,000 1.000 % Dec 2015 (35,190) 5,483 (29,707)
Goldman Sachs                    
International MCDX.NA.15 n/a 6,900,000 USD 6,900,000 1.000 % Dec 2015 (245,154) 108,501 (136,653)
 
 
 
 
551

 


  United Kingdom                  
  of Great Britain                  
JPMorgan Chase and Northern                  
Bank Ireland 0.47% 7,800,000 USD 7,800,000 1.000 % Jun 2015 33,708 138,516 172,224
  People's                  
JPMorgan Chase Republic of                  
Bank China 0.66% 5,000,000 USD 5,000,000 1.000 % Dec 2015 88,854 (10,030) 78,824
JPMorgan Chase Commonwealth                  
Bank of Australia 0.52% 800,000 USD 800,000 1.000 % Jun 2016 18,232 939 19,171
Merrill Lynch Russian                  
International Federation 0.35% 4,300,000 USD 4,300,000 1.000 % Dec 2011 9,390 12,314 21,704
Morgan Stanley                    
Capital Services, Russian                  
Inc. Federation 0.35% 200,000 USD 200,000 1.000 % Dec 2011 439 571 1,010
Morgan Stanley                    
Capital Services,                    
Inc. French Republic 0.70% 7,500,000 USD 7,500,000 0.250 % Dec 2015 (141,701) (10,362) (152,063)
Morgan Stanley                    
Capital Services,                    
Inc. MCDX.NA.15 n/a 4,000,000 USD 4,000,000 1.000 % Dec 2015 (160,285) 81,066 (79,219)
Morgan Stanley                    
Capital Services, Government of                  
Inc. Japan 0.96% 500,000 USD 500,000 1.000 % Mar 2016 (4,655) 5,629 974
Morgan Stanley                    
Capital Services, Commonwealth                  
Inc. of Pennsylvania 1.16% 1,000,000 USD 1,000,000 1.400 % Mar 2021 - 17,102 17,102
Morgan Stanley                    
Capital Services, State of                  
Inc. California 2.14% 1,600,000 USD 1,600,000 2.150 % Mar 2021 - 2,993 2,993
Morgan Stanley                    
Capital Services, State of                  
Inc. Connecticut 1.37% 2,600,000 USD 2,600,000 1.630 % Mar 2021 - 46,895 46,895
The Royal Bank Commonwealth                  
of Scotland PLC of Australia 0.50% 1,400,000 USD 1,400,000 1.000 % Mar 2016 30,444 3,240 33,684
The Royal Bank Commonwealth                  
of Scotland PLC of Australia 0.50% 2,300,000 USD 2,300,000 1.000 % Mar 2016 48,990 6,347 55,337
The Royal Bank Commonwealth                  
of Scotland PLC of Australia 0.50% 2,700,000 USD 2,700,000 1.000 % Mar 2016 56,901 8,060 64,961
 
UBS AG French Republic 0.70% 1,400,000 USD 1,400,000 0.250 % Dec 2015 (26,090) (2,295) (28,385)
          $152,900,000     ($588,588) $1,318,382 $729,794

 

Investment Quality Bond Trust

The Portfolio used credit default swaps to take a long position in the exposure of the benchmark credit. During the period ended March 31, 2011, the Portfolio held interest rate swaps with total USD notional amounts up to approximately $18.5 million, as measured at each quarter end.

552

 


      IMPLIED                
      CREDIT       (PAY) /        
      SPREAD     USD RECEIVE   UNAMORTIZED UNREALIZED  
    REFERENCE AT 3-31- NOTIONAL   NOTIONAL FIXED MATURITY UPFRONT PAYMENT  APPRECIATION MARKET
PORTFOLIO COUNTERPARTY OBLIGATION 2011 AMOUNT CURRENCY AMOUNT RATE DATE PAID (RECEIVED) (DEPRECIATION) VALUE
 
Investment Quality Bond Trust                    
    CDX.NA.15-                  
  Goldman Sachs V112-15 n/a 1,895,000 USD $1,895,000 2.500 % Dec 2015 $10,659 $322 $10,981
    CDX.NA.15-                  
  Goldman Sachs V112-15 n/a 1,895,000 USD 1,895,000 2.500 % Dec 2015 11,844 1,447 13,291
    CDX-                  
  Goldman Sachs NAHYS15V1 n/a 4,420,000 USD 4,420,000 5.000 % Dec 2015 146,413 13,639 160,052
    CDX-                  
  Goldman Sachs NAHYS15V1 n/a 3,680,000 USD 3,680,000 5.000 % Dec 2015 140,300 (7,044) 133,256
    CDX-                  
  Goldman Sachs NAHYS15V1 n/a 1,515,000 USD 1,515,000 5.000 % Dec 2015 55,866 (1,006) 54,860
    CDX-                  
  Goldman Sachs NAHYS15V1 n/a 1,435,000 USD 1,435,000 5.000 % Dec 2015 54,709 (2,746) 51,963
    CDX-                  
  Goldman Sachs NAHYS16V1 n/a 815,000 USD 815,000 5.000 % Jun 2016 20,375 (1,103) 19,272
    ITRAXX-                  
  Goldman Sachs XOVERS15V1 n/a 2,045,000 EUR 2,888,561 5.000 % Jun 2016 139,635 7,738 147,373
 
  Total         $18,543,561     $579,801 $11,247 $591,048

 

Real Return Bond Trust

The Portfolio used credit default swaps to gain exposure to a security or credit index. During the period ended March 31, 2011, the Portfolio held interest rate swaps with total USD notional amounts ranging from approximately $6.5 million to $6.9 million, as measured at each quarter end.

      IMPLIED                
      CREDIT       (PAY) /        
      SPREAD     USD RECEIVE   UNAMORTIZED UNREALIZED  
    REFERENCE AT 3-31- NOTIONAL   NOTIONAL FIXED MATURITY UPFRONT PAYMENT APPRECIATION MARKET
PORTFOLIO COUNTERPARTY OBLIGATION 2011 AMOUNT CURRENCY AMOUNT RATE DATE PAID (RECEIVED) (DEPRECIATION) VALUE
 
Real Return Bond Trust                    
    Federative                  
  Barclays Bank Republic of                  
  PLC Brazil 0.96% 500,000 USD $500,000 1.000 % Jun 2015 ($3,520) $4,498 $978
  Barclays Bank                    
  PLC French Republic 0.70% 200,000 USD 200,000 0.250 % Dec 2015 (3,633) (422) (4,055)
  Barclays Bank                    
  PLC CDX.EM.15 n/a 100,000 USD 100,000 5.000 % Jun 2016 13,444 664 14,108
 
  Citibank N.A. CDX.EM.14 n/a 900,000 USD 900,000 5.000 % Sep 2010 117,510 1,210 118,720
 
  Citibank N.A. French Republic 0.63% 1,000,000 USD 1,000,000 0.250 % Jun 2015 (19,722) 4,397 (15,325)
 
 
 
 
          553            

 


  United Kingdom                  
  of Great Britain                  
Deutsche Bank and Northern                  
AG Ireland 0.47% 1,300,000 USD 1,300,000 1.000 % Jun 2015 12,776 15,928 28,704
Deutsche Bank                    
AG CDX.EM.14 n/a 200,000 USD 200,000 5.000 % Dec 2015 27,025 (643) 26,382
Goldman Sachs Government of                  
International Japan 0.93% 700,000 USD 700,000 1.000 % Dec 2015 14,147 (11,713) 2,434
Goldman Sachs                    
International CDX.IG.16 n/a 900,000 USD 900,000 1.000 % Jun 2016 1,865 509 2,374
  Federative                  
JPMorgan Chase Republic of                  
Bank Brazil 0.96% 600,000 USD 600,000 1.000 % Jun 2015 (5,624) 6,798 1,174
  Petroleo                  
JPMorgan Chase Brasileiro S/A                  
Bank Petrobras 1.36% 300,000 USD 300,000 1.000 % Sep 2015 (7,490) 3,048 (4,442)
 
UBS AG CDX.EM.14 n/a 200,000 USD 200,000 5.000 % Dec 2015 25,655 727 26,382
          $6,900,000     $172,433 $25,001 $197,434

 

Total Return Trust

The Portfolio used credit default swaps to gain exposure to security or credit index. During the period ended March 31, 2011, the Portfolio held interest rate swaps with total USD notional amounts ranging from approximately $505.3 million to $412.8 million, as measured at each quarter end.

      IMPLIED                
      CREDIT       (PAY) /        
      SPREAD     USD RECEIVE   UNAMORTIZED UNREALIZED  
    REFERENCE AT 3-31- NOTIONAL   NOTIONAL FIXED MATURITY UPFRONT PAYMENT APPRECIATION MARKET
PORTFOLIO COUNTERPARTY OBLIGATION 2011 AMOUNT CURRENCY AMOUNT RATE DATE PAID (RECEIVED) (DEPRECIATION) VALUE
 
Total Return Trust                      
  Bank of America Berkshire                  
  N.A. Hathaway, Inc. 0.76% 2,900,000 USD $2,900,000 1.000 % Mar 2015 ($39,877) $67,650 $27,773
  Bank of America United Mexican                  
  N.A. States 0.95% 300,000 USD 300,000 1.000 % Sep 2015 (3,787) 4,512 725
  Bank of America                    
  N.A. CDX.EM.14 n/a 6,100,000 USD 6,100,000 5.000 % Dec 2015 772,988 31,669 804,657
  Bank of America                    
  N.A. CDX.NA.IG.15 n/a 17,300,000 USD 17,300,000 1.000 % Dec 2015 67,680 68,366 136,046
  Bank of America General Electric                  
  N.A. Capital Corp. 1.05% 2,600,000 USD 2,600,000 1.000 % Dec 2015 (48,950) 43,471 (5,479)
  Bank of America General Electric                  
  N.A. Capital Corp. 1.05% 2,500,000 USD 2,500,000 1.000 % Dec 2015 (45,992) 40,723 (5,269)
    Federative                  
  Bank of America Republic of                  
  N.A. Brazil 1.08% 20,700,000 USD 20,700,000 1.000 % Mar 2016 (144,707) 75,562 (69,145)
 
 
 
 
554

 


Bank of America                  
N.A. French Republic 0.73% 2,300,000 USD 2,300,000 0.250 % Mar 2016 (89,223) 37,067 (52,156)
Bank of America Government of                  
N.A. Japan 0.96% 400,000 USD 400,000 1.000 % Mar 2016 5,078 (4,299) 779
Bank of America Government of                  
N.A. Japan 0.96% 300,000 USD 300,000 1.000 % Mar 2016 4,089 (3,505) 584
Bank of America Kingdom of                  
N.A. Spain 2.33% 500,000 USD 500,000 1.000 % Mar 2016 (32,312) 2,761 (29,551)
Bank of America Kingdom of                  
N.A. Spain 2.33% 23,800,000 USD 23,800,000 1.000 % Mar 2016 (1,550,424) 143,798 (1,406,626)
Bank of America                    
N.A. MetLife, Inc. 1.48% 7,300,000 USD 7,300,000 1.000 % Mar 2016 (162,172) 504 (161,668)
Barclays Bank United Mexican                  
PLC States 0.41% 1,000,000 USD 1,000,000 0.390 % Jan 2012 - 587 587
Barclays Bank                    
PLC Dell Inc. 0.48% 5,900,000 USD 5,900,000 1.000 % Sep 2013 24,192 53,500 77,692
Barclays Bank United Mexican                  
PLC States 0.88% 2,000,000 USD 2,000,000 1.000 % Mar 2015 (34,960) 44,576 9,616
Barclays Bank                    
PLC CDX.EM.13 n/a 200,000 USD 200,000 5.000 % Jun 2015 20,051 4,479 24,530
Barclays Bank                    
PLC CDX.EM.13 n/a 22,500,000 USD 22,500,000 5.000 % Jun 2015 2,496,250 263,402 2,759,652
  Federative                  
Barclays Bank Republic of                  
PLC Brazil 0.96% 500,000 USD 500,000 1.000 % Jun 2015 (5,829) 6,807 978
Barclays Bank                    
PLC CDX.EM.14 n/a 6,000,000 USD 6,000,000 5.000 % Dec 2015 720,867 70,599 791,466
  People's                  
Barclays Bank Republic of                  
PLC China 0.68% 700,000 USD 700,000 1.000 % Mar 2016 8,114 2,579 10,693
Barclays Bank                    
PLC Republic of Italy 1.47% 1,500,000 USD 1,500,000 1.000 % Mar 2016 (56,421) 24,272 (32,149)
Barclays Bank United Mexican                  
PLC States 1.02% 200,000 USD 200,000 1.000 % Mar 2016 (1,491) 1,366 (125)
Barclays Bank                    
PLC CDX.EM.15 n/a 2,000,000 USD 2,000,000 5.000 % Jun 2016 267,876 14,284 282,160
  General Electric                  
BNP Paribas Capital Corp. 0.41% 2,600,000 USD 2,600,000 5.000 % Sep 2011 26,934 34,573 61,507
  People's                  
  Republic of                  
BNP Paribas China 0.68% 300,000 USD 300,000 1.000 % Mar 2016 3,520 1,063 4,583
  United States of                  
BNP Paribas America 0.40% 7,800,000 EUR 10,936,378 0.250 % Mar 2016 (109,415) 32,773 (76,642)
  General Electric                  
Citibank N.A. Capital Corp. 0.41% 1,000,000 USD 1,000,000 5.000 % Jun 2011 (5,122) 17,098 11,976
  General Electric                  
Citibank N.A. Capital Corp. 0.41% 2,000,000 USD 2,000,000 5.000 % Jun 2011 (9,715) 33,668 23,953
 
Citibank N.A. CDX.NA.HY.8 n/a 8,184,990 USD 8,184,990 0.355 % Jun 2012 - 32,001 32,001
 
Citibank N.A. CDX.NA.HY.8 n/a 4,814,700 USD 4,814,700 0.360 % Jun 2012 - 19,129 19,129
 
 
 
 
555

 


Citibank N.A. CDX.NA.HY.8 n/a 2,022,174 USD 2,022,174 0.401 % Jun 2012 - 9,084 9,084
  General Electric                  
Citibank N.A. Capital Corp. 0.71% 1,500,000 USD 1,500,000 4.325 % Dec 2013 - 148,014 148,014
  United Mexican                  
Citibank N.A. States 0.88% 2,000,000 USD 2,000,000 1.000 % Mar 2015 (35,677) 45,293 9,616
  Federative                  
  Republic of                  
Citibank N.A. Brazil 1.00% 1,000,000 USD 1,000,000 1.000 % Sep 2015 (13,905) 14,053 148
  Republic Of                  
Citibank N.A. Indonesia 1.22% 500,000 USD 500,000 1.000 % Sep 2015 (9,853) 5,369 (4,484)
  United Mexican                  
Citibank N.A. States 0.95% 700,000 USD 700,000 1.000 % Sep 2015 (9,419) 11,110 1,691
      1,000,000 USD   5.000 % Dec 2015      
Citibank N.A. CDX.EM.14 n/a     1,000,000     124,829 7,082 131,911
  Federative                  
  Republic of                  
Citibank N.A. Brazil 1.08% 3,300,000 USD 3,300,000 1.000 % Mar 2016 (21,538) 10,515 (11,023)
  Kingdom of                  
Citibank N.A. Spain 2.33% 2,700,000 USD 2,700,000 1.000 % Mar 2016 (161,381) 1,806 (159,575)
  Republic of                  
Citibank N.A. Kazakhstan 1.37% 300,000 USD 300,000 1.000 % Mar 2016 (8,399) 3,334 (5,065)
  United Mexican                  
Citibank N.A. States 1.02% 12,000,000 USD 12,000,000 1.000 % Mar 2016 (95,010) 87,532 (7,478)
  People's                  
Credit Suisse Republic of                  
International China 0.57% 5,000,000 USD 5,000,000 1.000 % Mar 2015 18,463 65,610 84,073
Credit Suisse                    
International CDX.EM.13 n/a 700,000 USD 700,000 5.000 % Jun 2015 74,619 11,237 85,856
  Federative                  
Credit Suisse Republic of                  
International Brazil 0.96% 6,900,000 USD 6,900,000 1.000 % Jun 2015 (78,797) 92,297 13,500
  United Kingdom                  
  of Great Britain                  
Credit Suisse and Northern                  
International Ireland 0.54% 8,100,000 USD 8,100,000 1.000 % Mar 2016 152,119 26,976 179,095
Deutsche Bank General Electric                  
AG Capital Corp. 0.41% 700,000 USD 700,000 1.500 % Sep 2011 - 4,003 4,003
Deutsche Bank General Electric                  
AG Capital Corp. 0.41% 2,300,000 USD 2,300,000 5.000 % Sep 2011 27,622 26,788 54,410
Deutsche Bank                    
AG CDX.NA.IG.9 n/a 12,152,686 USD 12,152,686 0.705 % Dec 2012 - 139,941 139,941
Deutsche Bank Berkshire                  
AG Hathaway, Inc. 0.39% 2,000,000 USD 2,000,000 0.850 % Mar 2013 - 18,594 18,594
Deutsche Bank                    
AG CDX.NA.IG.10 n/a 2,411,247 USD 2,411,247 0.530 % Jun 2013 - 26,680 26,680
Deutsche Bank General Electric                  
AG Capital Corp. 0.71% 1,400,000 USD 1,400,000 4.900 % Dec 2013 - 160,065 160,065
Deutsche Bank                    
AG CDX.EM.12 n/a 1,400,000 USD 1,400,000 5.000 % Dec 2014 103,504 54,115 157,619
 
 
 
 
556

 


  United Kingdom                  
  of Great Britain                  
Deutsche Bank and Northern                  
AG Ireland 0.43% 1,400,000 USD 1,400,000 1.000 % Dec 2014 7,308 22,480 29,788
Deutsche Bank United Mexican                  
AG States 0.88% 1,000,000 USD 1,000,000 1.000 % Mar 2015 (17,839) 22,647 4,808
Deutsche Bank                    
AG CDX.EM.13 n/a 4,800,000 USD 4,800,000 5.000 % Jun 2015 498,554 90,171 588,725
  Federative                  
Deutsche Bank Republic of                  
AG Brazil 0.96% 2,800,000 USD 2,800,000 1.000 % Jun 2015 (25,030) 30,508 5,478
  Federative                  
Deutsche Bank Republic of                  
AG Brazil 0.96% 700,000 USD 700,000 1.000 % Jun 2015 (5,453) 6,823 1,370
Deutsche Bank                    
AG CDX.EM.14 n/a 4,300,000 USD 4,300,000 5.000 % Dec 2015 486,726 80,491 567,217
Deutsche Bank                    
AG French Republic 0.73% 600,000 USD 600,000 0.250 % Mar 2016 (23,298) 9,692 (13,606)
Deutsche Bank General Electric                  
AG Capital Corp. 1.11% 400,000 USD 400,000 1.000 % Mar 2016 (21,150) 19,275 (1,875)
Deutsche Bank                    
AG MetLife, Inc. 1.48% 1,500,000 USD 1,500,000 1.000 % Mar 2016 (30,000) (3,220) (33,220)
Deutsche Bank                    
AG MetLife, Inc. 1.48% 2,200,000 USD 2,200,000 1.000 % Mar 2016 (44,959) (3,763) (48,722)
Deutsche Bank Republic of                  
AG Kazakhstan 1.37% 300,000 USD 300,000 1.000 % Mar 2016 (8,803) 3,738 (5,065)
  United Kingdom                  
  of Great Britain                  
Deutsche Bank and Northern                  
AG Ireland 0.54% 1,200,000 USD 1,200,000 1.000 % Mar 2016 22,536 3,996 26,532
Deutsche Bank United Mexican                  
AG States 1.02% 7,500,000 USD 7,500,000 1.000 % Mar 2016 (54,069) 49,395 (4,674)
Deutsche Bank                    
AG CDX.EM.15 n/a 1,100,000 USD 1,100,000 5.000 % Jun 2016 148,427 6,761 155,188
Deutsche Bank                    
AG MetLife, Inc. 1.69% 4,100,000 USD 4,100,000 1.000 % Mar 2018 (231,531) 62,041 (169,490)
 
Goldman Sachs SLM Corp. 0.53% 5,000,000 USD 5,000,000 5.000 % Sep 2011 - 115,176 115,176
 
Goldman Sachs CDX.NA.IG.10 n/a 2,989,946 USD 2,989,946 0.463 % Jun 2013 - 28,497 28,497
  Berkshire                  
Goldman Sachs Hathaway, Inc. 0.76% 1,400,000 USD 1,400,000 1.000 % Mar 2015 (19,251) 32,659 13,408
 
Goldman Sachs CDX.EM.13 n/a 100,000 USD 100,000 5.000 % Jun 2015 9,985 2,280 12,265
 
Goldman Sachs CDX.EM.13 n/a 100,000 USD 100,000 5.000 % Jun 2015 10,222 2,043 12,265
  Federative                  
  Republic of                  
Goldman Sachs Brazil 0.96% 500,000 USD 500,000 1.000 % Jun 2015 (5,444) 6,422 978
 
Goldman Sachs French Republic 0.70% 500,000 USD 500,000 0.250 % Dec 2015 (8,963) (1,175) (10,138)
  United Kingdom                  
  of Great Britain                  
  and Northern                  
Goldman Sachs Ireland 0.52% 2,600,000 USD 2,600,000 1.000 % Dec 2015 54,641 2,820 57,461
 
 
 
 
        557            

 


  United Kingdom                
  of Great Britain                  
  and Northern                  
Goldman Sachs Ireland 0.52% 1,000,000 USD 1,000,000 1.000 % Dec 2015 21,202 898 22,100
  Kingdom of                  
Goldman Sachs Spain 2.33% 500,000 USD 500,000 1.000 % Mar 2016 (32,723) 3,172 (29,551)
 
Goldman Sachs Republic of Italy 1.47% 500,000 USD 500,000 1.000 % Mar 2016 (18,591) 7,875 (10,716)
 
Goldman Sachs Republic of Italy 1.47% 7,500,000 USD 7,500,000 1.000 % Mar 2016 (268,108) 107,362 (160,746)
 
Goldman Sachs CDX.NA.IG.9 n/a 964,499 USD 964,499 0.548 % Dec 2017 - 9,873 9,873
  Republic of                  
HSBC Bank USA Panama 0.38% 1,400,000 USD 1,400,000 0.760 % Jan 2012 - 6,485 6,485
 
HSBC Bank USA CDX.EM.13 n/a 6,300,000 USD 6,300,000 5.000 % Jun 2015 627,237 145,465 772,702
  Federative                  
  Republic of                  
HSBC Bank USA Brazil 0.96% 2,300,000 USD 2,300,000 1.000 % Jun 2015 (51,785) 56,285 4,500
  Federative                  
  Republic of                  
HSBC Bank USA Brazil 1.00% 1,700,000 USD 1,700,000 1.000 % Sep 2015 (15,114) 15,366 252
 
HSBC Bank USA CDX.EM.14 n/a 800,000 USD 800,000 5.000 % Dec 2015 94,382 11,147 105,529
  Republic of                  
HSBC Bank USA Kazakhstan 1.37% 400,000 USD 400,000 1.000 % Mar 2016 (11,378) 4,625 (6,753)
  United Mexican                  
HSBC Bank USA States 1.43% 9,600,000 USD 9,600,000 1.000 % Mar 2021 (439,530) 106,339 (333,191)
  United Kingdom                  
  of Great Britain                  
JPMorgan Chase and Northern                  
Bank Ireland 0.45% 1,500,000 USD 1,500,000 1.000 % Mar 2015 5,542 26,976 32,518
  United Kingdom                  
  of Great Britain                  
JPMorgan Chase and Northern                  
Bank Ireland 0.45% 3,000,000 USD 3,000,000 1.000 % Mar 2015 9,971 55,064 65,035
JPMorgan Chase                    
Bank CDX.EM.13 n/a 10,000,000 USD 10,000,000 5.000 % Jun 2015 1,003,552 222,960 1,226,512
  Federative                  
JPMorgan Chase Republic of                  
Bank Brazil 1.00% 2,100,000 USD 2,100,000 1.000 % Sep 2015 (19,878) 20,190 312
JPMorgan Chase                    
Bank CDX.EM.14 n/a 500,000 USD 500,000 5.000 % Dec 2015 59,855 6,100 65,955
JPMorgan Chase Government of                  
Bank Japan 0.96% 1,300,000 USD 1,300,000 1.000 % Mar 2016 10,997 (8,464) 2,533
JPMorgan Chase                    
Bank MetLife, Inc. 1.48% 4,000,000 USD 4,000,000 1.000 % Mar 2016 (90,679) 2,094 (88,585)
JPMorgan Chase                    
Bank CDX.NA.IG.9 n/a 2,121,897 USD 2,121,897 0.553 % Dec 2017 - 22,370 22,370
Merrill Lynch Federative                  
Capital Services, Republic of                  
Inc. Brazil 1.09% 1,000,000 USD 1,000,000 1.950 % Apr 2016 - 49,623 49,623
 
 
 
 
558

 


Morgan Stanley                    
Capital Services, General Electric                  
Inc. Capital Corp. 0.41% 2,800,000 USD 2,800,000 1.000 % Sep 2011 (11,011) 19,849 8,838
Morgan Stanley                    
Capital Services,                    
Inc. CDX.NA.IG.9 n/a 4,800,000 USD 4,800,000 0.963 % Dec 2012 - 74,621 74,621
  United Kingdom                  
Morgan Stanley of Great Britain                  
Capital Services, and Northern                  
Inc. Ireland 0.43% 400,000 USD 400,000 1.000 % Dec 2014 2,223 6,288 8,511
Morgan Stanley                    
Capital Services,                    
Inc. CDX.EM.13 1.92% 8,700,000 USD 8,700,000 5.000 % Jun 2015 885,844 181,221 1,067,065
Morgan Stanley Federative                  
Capital Services, Republic of                  
Inc. Brazil 0.96% 800,000 USD 800,000 1.000 % Jun 2015 (6,310) 7,875 1,565
Morgan Stanley                    
Capital Services,                    
Inc. CDX.EM.14 n/a 3,800,000 USD 3,800,000 5.000 % Dec 2015 446,595 54,667 501,262
Morgan Stanley                    
Capital Services,                    
Inc. CDX.NA.HY.15 n/a 22,800,000 USD 22,800,000 5.000 % Dec 2015 624,302 202,556 826,858
Morgan Stanley                    
Capital Services,                    
Inc. French Republic 0.73% 500,000 USD 500,000 0.250 % Mar 2016 (16,517) 5,179 (11,338)
The Royal Bank                    
of Scotland PLC French Republic 0.70% 900,000 USD 900,000 0.250 % Dec 2015 (16,334) (1,914) (18,248)
The Royal Bank                    
of Scotland PLC French Republic 0.73% 500,000 USD 500,000 0.250 % Mar 2016 (16,291) 4,953 (11,338)
  Merrill Lynch &                  
UBS AG Co., Inc. 0.34% 4,800,000 USD 4,800,000 1.000 % Sep 2011 (5,689) 22,418 16,729
  Berkshire                  
UBS AG Hathaway, Inc. 0.76% 1,400,000 USD 1,400,000 1.000 % Mar 2015 (19,749) 33,157 13,408
  Federative                  
  Republic of                  
UBS AG Brazil 1.00% 500,000 USD 500,000 1.000 % Sep 2015 (4,222) 4,296 74
 
UBS AG French Republic 0.67% 5,000,000 USD 5,000,000 0.250 % Sep 2015 (117,278) 28,108 (89,170)
  United States of                  
UBS AG America 0.35% 12,700,000 USD 16,290,280 0.250 % Sep 2015 (165,597) 87,923 (77,674)
 
UBS AG CDX.EM.14 n/a 2,200,000 USD 2,200,000 5.000 % Dec 2015 277,256 12,948 290,204
 
UBS AG French Republic 0.73% 1,600,000 USD 1,600,000 0.250 % Mar 2016 (62,068) 25,785 (36,283)
 
          $412,788,798     $5,567,134 $4,366,025 $9,933,159

 

BBR Bank Bill Rate  
BBSW Bank Bill Swap Rate  
CDI Brazil Interbank Deposit Rate  
EURIBOR Euro Interbank Offered Rate  
 
 
 
 
559

 


FRCPXTOB French CPI Ex Tobacco Daily Reference Index
LIBOR London Interbank Offered Rate
TIBOR Tokyo Interbank Offered Rate
TIIE Tasa de Interes Interbancario de Equilibrio (Interbank Equilibrium Interest Rate)
 
Currency symbols are defined as follows:
 
AUD Australian Dollar
BRL Brazilian Real
EUR Euro
GBP British Pound
JPY Japanese Yen
MXN Mexican Peso
USD U.S. Dollar

 

Fair value of derivative instruments by risk category

The table below summarizes the fair value of derivatives held by the Portfolios at March 31, 2011 by risk category:

Portfolio Risk Statement of Assets and Liabilities Financial instruments location Asset Derivatives Liability Derivatives
    location   Fair Value Fair Value
 
500 Index Trust Equity contracts Receivable/payable for futures Futures $2,161,842 -
  Total     $2,161,842 -
 
500 Index Trust B Equity contracts Receivable/payable for futures Futures $351,083 -
  Total     $351,083 -
 
Active Bond Trust Interest rate contracts Receivable/payable for futures Futures $32,713 ($21,050)
  Credit contracts Swap contracts, at value Credit default swaps 214,327 -
  Foreign currency Receivable/payable for forward foreign Forward foreign currency 21,044 -
  contracts currency exchange contracts contracts    
  Total     $268,084 ($21,050)
 
All Cap Core Trust Equity contracts Receivable/payable for futures Futures $32,843 -
 
 
 
 
560

 


  Total     $32,843 -
 
Alpha Opportunities Trust Foreign currency Receivable/payable for forward foreign Forward foreign currency $234,440 -
  contracts currency exchange contracts contracts    
  Total     $234,440 -
 
Bond Trust Interest rate contracts Receivable/payable for futures Futures $184,130 ($775,379)
  Total     $184,130 ($775,379)
 
Capital Appreciation Value Trust Equity contracts Written options, at value Written options - ($896,066)
  Total     - ($896,066)
 
Core Allocation Plus Trust Interest rate contracts Receivable/payable for futures Futures $23,137 ($51,914)
  Equity contracts Receivable/payable for futures Futures 146,719 (162,184)
  Credit contracts Swap contracts, at value Credit default swaps 118,523 (1,205)
  Foreign currency Receivable/payable for forward foreign Forward foreign currency 210,812 (175,196)
  contracts currency exchange contracts contracts    
  Total     $499,191 ($390,499)
 
Global Bond Trust Interest rate contracts Receivable/payable for futures; Futures/Written options/Interest $2,403,963 ($8,182,940)
    Written options, at value; Swap rate swaps    
    contracts, at value      
  Credit contracts Swap contracts, at value; Written Credit default swaps/Written 2,153,649 (1,462,307)
    options, at value options    
  Foreign currency Receivable/payable for forward foreign Forward foreign currency 9,450,715 (14,583,911)
  contracts currency exchange contracts; Written contracts/Written options    
    options, at value      
  Total     $14,008,327 ($24,229,158)
 
Health Sciences Trust Equity contracts Written options, at value Written options - ($2,526,285)
  Total     - ($2,526,285)
 
Heritage Trust Foreign currency Receivable/payable for forward foreign Forward foreign currency - ($1,209)
  contracts currency exchange contracts contracts    
  Total     - ($1,209)
 
 
 
 
561

 


High Income Trust Foreign currency Receivable/payable for forward foreign Forward foreign currency $3,594 ($29,266)
  contracts currency exchange contracts contracts    
  Total     $3,594 ($29,266)
 
High Yield Trust Interest rate contracts Receivable/payable for futures Futures $180,888 ($134,155)
  Foreign currency Receivable/payable for forward foreign Forward foreign currency 33,583 (172,237)
  contracts currency exchange contracts contracts    
  Total     $214,471 ($306,392)
 
International Core Trust Equity contracts Receivable/payable for futures Futures $1,403,348 ($1,316,956)
  Foreign currency Receivable/payable for forward foreign Forward foreign currency 800,189 (2,428,391)
  contracts currency exchange contracts contracts    
  Total     $2,203,537 ($3,745,347)
 
International Equity Index Trust A Equity contracts Receivable/payable for futures Futures $500,642 ($306,516)
  Foreign currency Receivable/payable for forward foreign Forward foreign currency 506,134 (11,319)
  contracts currency exchange contracts contracts    
  Total     $1,006,776 ($317,835)
 
International Equity Index Trust B Equity contracts Receivable/payable for futures Futures $362,659 ($264,498)
  Foreign currency Receivable/payable for forward foreign Forward foreign currency 393,169 (9,657)
  contracts currency exchange contracts contracts    
  Total     $755,828 ($274,155)
 
International Index Trust Equity contracts Receivable/payable for futures Futures $592,766 ($504,709)
  Interest rate contracts Receivable/payable for futures Futures $330,867 ($62,829)
  Total     $923,633 ($567,538)
 
Investment Quality Bond Trust Interest rate contracts Receivable/payable for futures; Swap Futures/Interest rate swaps $357,603 ($250,396)
    contracts, at value      
  Credit contracts Swap contracts, at value Credit default swaps 652,946 (94,628)
  Foreign currency Receivable/payable for forward foreign Forward foreign currency 661,673 (627,603)
  contracts currency exchange contracts contracts    
  Total     $1,672,222 ($972,627)
 
 
 
 
562

 


Mid Cap Index Trust Equity contracts Receivable/payable for futures Futures $855,717 -
  Total     $855,717 -
 
Mutual Shares Trust Foreign currency Receivable/payable for forward foreign Forward foreign currency $270,629 ($4,577,729)
  contracts currency exchange contracts contracts    
  Total     $270,629 ($4,577,729)
 
New Income Trust Interest rate contracts Receivable/payable for futures Futures $1,001,394 -
  Foreign currency Receivable/payable for forward foreign Forward foreign currency 4,699,961 ($4,670,769)
  contracts currency exchange contracts contracts    
  Total     $5,701,355 ($4,670,769)
 
Real Return Bond Trust Interest rate contracts Receivable/payable for futures; Futures/Written options/Purchased $278,457 ($620,060)
    Investments in unaffiliated issuers, at options/Interest rate swaps    
    value*;Written Options, at value; Swap      
    contracts, at value      
 
  Credit contracts Swap contracts, at value; Written Credit default swaps/Written 270,397 (40,063)
    options, at value options    
  Foreign currency Receivable/payable for forward foreign Forward foreign currency 291,542 (347,360)
  contracts currency exchange contracts contracts    
  Total     $840,396 ($1,007,483)
 
Small Cap Index Trust Equity contracts Receivable/payable for futures Futures $221,933 -
  Total     $221,933 -
 
Smaller Company Growth Trust Equity contracts Receivable/payable for futures Futures $18,277 -
  Total     $18,277 -
 
Strategic Income Opportunities Trust Foreign currency Receivable/payable for forward foreign Forward foreign currency $2,972,808 ($146,790)
  contracts currency exchange contracts; contracts/Purchased options    
    Investments in unaffiliated issuers, at      
    value*      
  Interest rate contracts Receivable/payable for futures Futures - (224,494)
  Total     $2,972,808 ($371,284)
 
 
 
 
563

 


Total Return Trust Interest rate contracts Receivable/payable for futures; Futures/Written options/Interest $9,649,594 ($17,559,360)
    Written options, at value; Swap rate swaps    
    contracts, at value      
  Credit contracts Swap contracts, at value; Written Credit default swaps/Written 13,119,977 (3,247,120)
    options, at value options    
  Foreign currency Receivable/payable for forward foreign Forward foreign currency 11,170,463 (6,271,610)
  contracts currency exchange contracts; Written contracts/Written options    
    options, at value      
 
  Total     $33,940,034 ($27,078,090)
 
Total Stock Market Index Trust Equity contracts Receivable/payable for futures Futures $50,178 -
  Total     $50,178 -
 
Utilities Trust Foreign currency Receivable/payable for forward foreign Forward foreign currency $60,976 ($832,750)
  contracts currency exchange contracts contracts    
  Total     $60,976 ($832,750)
 
Value & Restructuring Trust Equity contracts Written options, at value Written options - ($147,502)
  Total     - ($147,502)

 

* Purchased options are included in the Portfolio’s Investments

Direct placement securities The Portfolios may hold direct placement securities which are restricted to resale and the Portfolios have limited rights to registration under the Securities Act of 1933. The following table summarizes the direct placement securities held at March 31, 2011.

            Value as a  
    Original       percentage of  
    Acquisition Acquisition Beginning Ending share Fund's net  
Portfolio Issuer, Description date cost share amount amount assets Value as of 3-31-11
 
Balanced Trust Facebook, Inc. 3/31/2011 $93,325 - 3,733 0.08% $93,325
  Bought : 3,733   $93,325        
Blue Chip Growth Trust Facebook, Inc. 3/31/2011 $6,676,050 - 267,042 0.35% $6,676,050
  Bought : 267,042   $6,676,050        
 
 
 
 
564

 


Financial Services Trust SKBHC Holdings LLC 11/8/2010 $280,374 269 269 0.74% $1,345,789
Health Sciences Trust Pacific Biosciences 7/11/2008 $153,300 21,900 10,950 0.10% $151,283
  Reverse Stock Split : 10,950   -        
High Income Trust Dominion Petroleum Acquisitions 9/19/2007 $949,695 1,053,114 1,079,442 1.59% $1,090,763
  Bought : 26,328   $26,328        
Science & Technology Trust Facebook, Inc. 3/31/2011 $837,900 - 33,516 0.18% $837,900
  Bought : 267,042   $837,900        
  Twitter, Inc. 9/24/2009 $416,310 26,048 78,144 0.25% $1,193,259
  3:1 Stock Split : 52,096   -        
  Silver Spring Networks 12/11/2009 $386,000 38,600 38,600 0.05% $235,460

 

For additional information on the Trust's significant accounting policies, please refer to the Trust's most recent semiannual or annual shareholder report.

565

 


Item 2. Controls and Procedures.

(a) The Registrant’s principal executive and principal financial officers have concluded, based upon their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant’s disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on form N-Q is accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940 are attached hereto as EX-99.CERT.


SIGNATURES 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant: John Hancock Variable Insurance Trust

/s/ Hugh McHaffie
Hugh McHaffie
President

Date: May 23, 2011

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

/s/ Hugh McHaffie
Hugh McHaffie
President

Date: May 23, 2011

/s/ Charles A. Rizzo
Charles A. Rizzo
Chief Financial Officer

Date: May 23, 2011