N-Q 1 a_jhvitrust.htm JOHN HANCOCK VARIABLE INSURANCE TRUST a_jhvitrust.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: September 30, 2011 

 

Item 1. Schedule of Investments.


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 97.67%    
Consumer Discretionary - 10.40%    
Auto Components - 0.19%    
Johnson Controls, Inc. (L) 364,282 $ 9,606,105
The Goodyear Tire & Rubber Company (I) 129,248 1,304,112
 
    10,910,217
Automobiles - 0.42%    
Ford Motor Company (I) 2,036,423 19,692,210
Harley-Davidson, Inc. 126,692 4,349,336
 
    24,041,546
Distributors - 0.08%    
Genuine Parts Company (L) 84,006 4,267,505
Diversified Consumer Services - 0.11%    
Apollo Group, Inc., Class A (I) 65,698 2,602,298
DeVry, Inc. 33,000 1,219,680
H&R Block, Inc. (L) 163,881 2,181,256
 
    6,003,234
Hotels, Restaurants & Leisure - 1.93%    
Carnival Corp. 247,777 7,507,643
Chipotle Mexican Grill, Inc. (I)(L) 16,799 5,089,257
Darden Restaurants, Inc. (L) 72,224 3,087,576
International Game Technology 158,762 2,306,812
Marriott International, Inc., Class A (L) 151,283 4,120,949
McDonald’s Corp. 552,933 48,558,576
Starbucks Corp. 399,844 14,910,183
Starwood Hotels & Resorts Worldwide, Inc. 103,282 4,009,407
Wyndham Worldwide Corp. 87,944 2,507,283
Wynn Resorts, Ltd. 42,855 4,931,753
Yum! Brands, Inc. 248,886 12,292,480
 
    109,321,919
Household Durables - 0.25%    
D.R. Horton, Inc. 148,776 1,344,935
Fortune Brands, Inc. 82,791 4,477,337
Harman International Industries, Inc. 37,003 1,057,546
Leggett & Platt, Inc. (L) 75,646 1,497,034
Lennar Corp., Class A (L) 85,104 1,152,308
Newell Rubbermaid, Inc. 156,170 1,853,738
Pulte Group, Inc. (I) 178,352 704,490
Whirlpool Corp. 40,934 2,043,016
 
    14,130,404
Internet & Catalog Retail - 1.06%    
Amazon.com, Inc. (I) 194,616 42,081,818
Expedia, Inc. 104,366 2,687,425
Netflix, Inc. (I)(L) 28,155 3,186,020
priceline.com, Inc. (I) 26,673 11,988,447
 
    59,943,710
Leisure Equipment & Products - 0.12%    
Hasbro, Inc. 64,803 2,113,226
Mattel, Inc. 184,012 4,764,071
 
    6,877,297
Media - 2.99%    
Cablevision Systems Corp., Class A 120,598 1,897,007
CBS Corp., Class B 359,006 7,316,542
Comcast Corp., Class A 1,473,274 30,791,427
DIRECTV, Class A (I) 395,655 16,716,424
Discovery    
Communications, Inc., Series A (I)(L) 146,692 5,518,553
Gannett Company, Inc. (L) 127,281 1,212,988
News Corp., Class A 1,224,781 18,947,362
Omnicom Group, Inc. 149,772 5,517,600
Scripps Networks Interactive, Inc., Class A 52,886 1,965,773

 

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
The Interpublic Group of Companies, Inc. 258,712 $ 1,862,726
The McGraw-Hill Companies, Inc. 161,307 6,613,587
The Walt Disney Company 994,654 29,998,765
The Washington Post Company, Class B (L) 2,729 892,301
Time Warner Cable, Inc. 174,274 10,921,752
Time Warner, Inc. 559,927 16,781,012
Viacom, Inc., Class B 307,941 11,929,634
 
    168,883,453
Multiline Retail - 0.76%    
Big Lots, Inc. (I) 35,135 1,223,752
Family Dollar Stores, Inc. 64,746 3,292,982
J.C. Penney Company, Inc. (L) 76,594 2,051,187
Kohl’s Corp. 150,635 7,396,179
Macy’s, Inc. 228,904 6,024,753
Nordstrom, Inc. (L) 87,730 4,007,506
Sears Holdings Corp. (I)(L) 20,631 1,186,695
Target Corp. 361,860 17,745,614
 
    42,928,668
Specialty Retail - 1.86%    
Abercrombie & Fitch Company, Class A (L) 46,410 2,857,000
AutoNation, Inc. (I)(L) 26,579 871,260
AutoZone, Inc. (I)(L) 15,592 4,976,810
Bed Bath & Beyond, Inc. (I) 131,131 7,515,118
Best Buy Company, Inc. 162,306 3,781,730
CarMax, Inc. (I)(L) 121,261 2,892,075
GameStop Corp., Class A (I)(L) 74,877 1,729,659
Home Depot, Inc. 838,322 27,555,644
Limited Brands, Inc. (L) 132,698 5,110,200
Lowe’s Companies, Inc. 675,524 13,064,634
O’Reilly Automotive, Inc. (I) 72,993 4,863,524
Ross Stores, Inc. 61,921 4,872,563
Staples, Inc. 380,054 5,054,718
The Gap, Inc. (L) 185,925 3,019,422
Tiffany & Company 68,210 4,148,532
TJX Companies, Inc. 204,402 11,338,179
Urban Outfitters, Inc. (I)(L) 63,513 1,417,610
 
    105,068,678
Textiles, Apparel & Luxury Goods - 0.63%    
Coach, Inc. 154,888 8,027,845
NIKE, Inc., Class B 203,572 17,407,442
Ralph Lauren Corp. 34,688 4,499,034
VF Corp. 46,335 5,630,629
 
    35,564,950
 
    587,941,581
Consumer Staples - 11.41%    
Beverages - 2.71%    
Brown Forman Corp., Class B 54,055 3,791,418
Coca-Cola Enterprises, Inc. 170,951 4,253,261
Constellation Brands, Inc., Class A (I) 98,863 1,779,534
Dr. Pepper Snapple Group, Inc. 116,276 4,509,183
Molson Coors Brewing Company, Class B 87,329 3,459,102
PepsiCo, Inc. 848,129 52,499,185
The Coca-Cola Company 1,230,504 83,132,850
 
    153,424,533
Food & Staples Retailing - 2.35%    
Costco Wholesale Corp. 234,628 19,267,651
CVS Caremark Corp. 720,711 24,201,475
Safeway, Inc. 187,472 3,117,659
SUPERVALU, Inc. (L) 112,321 748,058
Sysco Corp. 317,632 8,226,669
The Kroger Company 324,310 7,121,848

 

1

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food & Staples Retailing (continued)    
Wal-Mart Stores, Inc. 942,015 $ 48,890,579
Walgreen Company 485,222 15,958,952
Whole Foods Market, Inc. 84,512 5,519,479
 
    133,052,370
Food Products - 1.94%    
Archer-Daniels-Midland Company 362,170 8,985,438
Campbell Soup Company (L) 96,629 3,127,881
ConAgra Foods, Inc. 222,200 5,381,684
Dean Foods Company (I) 96,977 860,186
General Mills, Inc. 346,531 13,331,048
H.J. Heinz Company (L) 172,058 8,685,488
Hormel Foods Corp. (L) 74,470 2,012,179
Kellogg Company 133,870 7,120,545
Kraft Foods, Inc., Class A 946,480 31,782,798
McCormick & Company, Inc. 70,894 3,272,467
Mead Johnson Nutrition Company 109,300 7,523,119
Sara Lee Corp. 315,594 5,159,962
The Hershey Company 82,887 4,910,226
The J.M. Smucker Company 61,006 4,446,727
Tyson Foods, Inc., Class A 158,731 2,755,570
 
    109,355,318
Household Products - 2.40%    
Clorox Company 70,588 4,682,102
Colgate-Palmolive Company 260,721 23,120,738
Kimberly-Clark Corp. 209,975 14,910,325
The Procter & Gamble Company 1,472,569 93,036,909
 
    135,750,074
Personal Products - 0.18%    
Avon Products, Inc. 230,817 4,524,013
The Estee Lauder Companies, Inc., Class A 60,602 5,323,280
 
    9,847,293
Tobacco - 1.83%    
Altria Group, Inc. 1,110,027 29,759,824
Lorillard, Inc. 74,187 8,212,501
Philip Morris International, Inc. 941,489 58,730,084
Reynolds American, Inc. 181,174 6,790,402
 
    103,492,811
    644,922,399
Energy - 11.36%    
Energy Equipment & Services - 1.83%    
Baker Hughes, Inc. 233,760 10,790,362
Cameron International Corp. (I) 131,336 5,455,697
Diamond Offshore Drilling, Inc. (L) 37,255 2,039,339
FMC Technologies, Inc. (I) 128,713 4,839,609
Halliburton Company 492,846 15,041,660
Helmerich & Payne, Inc. 57,389 2,329,993
Nabors Industries, Ltd. (I) 154,070 1,888,898
National Oilwell Varco, Inc. 227,053 11,629,655
Noble Corp. (I) 135,262 3,969,940
Rowan Companies, Inc. (I) 68,297 2,061,886
Schlumberger, Ltd. 723,138 43,193,033
 
    103,240,072
Oil, Gas & Consumable Fuels - 9.53%    
Alpha Natural Resources, Inc. (I) 121,346 2,146,611
Anadarko Petroleum Corp. 266,784 16,820,731
Apache Corp. 205,751 16,509,460
Cabot Oil & Gas Corp. 55,997 3,466,774
Chesapeake Energy Corp. 354,169 9,049,018
Chevron Corp. 1,073,421 99,312,911
ConocoPhillips 735,821 46,592,186

 

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Consol Energy, Inc. 121,515 $ 4,123,004
Denbury Resources, Inc. (I) 215,613 2,479,550
Devon Energy Corp. 223,215 12,375,040
El Paso Corp. 412,820 7,216,094
EOG Resources, Inc. 143,959 10,222,529
EQT Corp. 80,094 4,273,816
Exxon Mobil Corp. 2,605,665 189,249,449
Hess Corp. 162,112 8,504,396
Marathon Oil Corp. 382,648 8,257,544
Marathon Petroleum Corp. 191,051 5,169,840
Murphy Oil Corp. 103,704 4,579,569
Newfield Exploration Company (I) 70,909 2,814,378
Noble Energy, Inc. 94,598 6,697,538
Occidental Petroleum Corp. 435,572 31,143,398
Peabody Energy Corp. 145,139 4,917,309
Pioneer Natural Resources Company 62,588 4,116,413
QEP Resources, Inc. 94,797 2,566,155
Range Resources Corp. 86,316 5,046,033
Southwestern Energy Company (I) 186,487 6,215,612
Spectra Energy Corp. 348,471 8,547,994
Sunoco, Inc. 64,912 2,012,921
Tesoro Corp. (I)(L) 77,107 1,501,273
The Williams Companies, Inc. 315,590 7,681,461
Valero Energy Corp. 306,610 5,451,526
 
    539,060,533
 
    642,300,605
Financials - 13.27%    
Capital Markets - 1.83%    
Ameriprise Financial, Inc. 126,519 4,979,788
BlackRock, Inc. 53,746 7,954,945
E*TRADE Financial Corp. (I) 136,045 1,239,370
Federated Investors, Inc., Class B (L) 49,283 863,931
Franklin Resources, Inc. 78,005 7,460,398
Invesco, Ltd. 241,633 3,747,728
Janus Capital Group, Inc. 98,567 591,402
Legg Mason, Inc. 70,273 1,806,719
Morgan Stanley 795,580 10,740,330
Northern Trust Corp. 129,144 4,517,457
State Street Corp. 270,119 8,687,027
T. Rowe Price Group, Inc. 137,520 6,569,330
The Bank of New York Mellon Corp. 660,595 12,280,461
The Charles Schwab Corp. 577,606 6,509,620
The Goldman Sachs Group, Inc. 271,067 25,629,385
 
    103,577,891
Commercial Banks - 2.50%    
BB&T Corp. 373,552 7,967,864
Comerica, Inc. 107,695 2,473,754
Fifth Third Bancorp 492,948 4,978,775
First Horizon National Corp. 139,404 830,848
Huntington Bancshares, Inc. 462,622 2,220,586
KeyCorp 510,702 3,028,463
M&T Bank Corp. 67,306 4,704,689
PNC Financial Services Group, Inc. 282,014 13,590,255
Regions Financial Corp. 674,615 2,246,468
SunTrust Banks, Inc. 287,730 5,164,754
U.S. Bancorp 1,029,442 24,233,065
Wells Fargo & Company 2,829,524 68,248,119
Zions Bancorporation (L) 98,777 1,389,792
 
    141,077,432
Consumer Finance - 0.79%    
American Express Company 556,590 24,990,891
Capital One Financial Corp. 246,189 9,756,470

 

2

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Consumer Finance (continued)    
Discover Financial Services 292,437 $ 6,708,505
SLM Corp. 275,637 3,431,681
 
    44,887,547
Diversified Financial Services - 2.84%    
Bank of America Corp. 5,431,133 33,238,534
Citigroup, Inc. 1,563,782 40,064,095
CME Group, Inc. 35,832 8,829,005
IntercontinentalExchange, Inc. (I) 39,366 4,655,423
JPMorgan Chase & Company 2,089,558 62,937,487
Leucadia National Corp. 106,180 2,408,162
Moody’s Corp. (L) 107,850 3,284,033
NYSE Euronext 140,296 3,260,479
The NASDAQ OMX Group, Inc. (I) 68,320 1,580,925
 
    160,258,143
Insurance - 3.50%    
ACE, Ltd. 181,124 10,976,114
Aflac, Inc. 250,349 8,749,698
American International Group, Inc. (I)(L) 234,091 5,138,297
AON Corp. 174,987 7,345,954
Assurant, Inc. 51,086 1,828,879
Berkshire Hathaway, Inc., Class B (I) 942,466 66,952,785
Chubb Corp. 153,235 9,192,568
Cincinnati Financial Corp. (L) 87,455 2,302,690
Genworth Financial, Inc., Class A (I) 259,698 1,490,667
Hartford Financial Services Group, Inc. 238,725 3,853,022
Lincoln National Corp. 165,947 2,593,752
Loews Corp. 166,767 5,761,800
Marsh & McLennan Companies, Inc. 289,978 7,696,016
MetLife, Inc. 566,723 15,873,911
Principal Financial Group, Inc. (L) 167,998 3,808,515
Prudential Financial, Inc. 260,456 12,204,968
The Allstate Corp. 276,851 6,558,600
The Progressive Corp. 342,276 6,078,822
The Travelers Companies, Inc. 224,413 10,935,645
Torchmark Corp. (L) 56,325 1,963,490
Unum Group 162,958 3,415,600
XL Group PLC 175,962 3,308,086
 
    198,029,879
Real Estate Investment Trusts - 1.70%    
Apartment Investment & Management    
Company, Class A 64,780 1,432,934
AvalonBay Communities, Inc. 50,399 5,748,006
Boston Properties, Inc. 78,731 7,014,932
Equity Residential 158,907 8,242,506
HCP, Inc. (L) 218,193 7,649,847
Health Care REIT, Inc. 95,084 4,449,931
Host Hotels & Resorts, Inc. (L) 378,415 4,139,860
Kimco Realty Corp. (L) 218,102 3,278,073
Plum Creek Timber Company, Inc. (L) 86,817 3,013,418
Prologis, Inc. 245,991 5,965,282
Public Storage 75,907 8,452,244
Simon Property Group, Inc. 157,341 17,304,363
Ventas, Inc. (L) 154,289 7,621,877
Vornado Realty Trust 98,835 7,375,068
Weyerhaeuser Company 288,716 4,489,534
 
    96,177,875
Real Estate Management & Development - 0.04%    
CB Richard Ellis Group, Inc., Class A 174,227 2,345,095
Thrifts & Mortgage Finance - 0.07%    
Hudson City Bancorp, Inc. (L) 282,718 1,600,184

 

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thrifts & Mortgage Finance (continued)    
People’s United Financial, Inc. 201,770 $ 2,300,178
 
    3,900,362
 
    750,254,224
Health Care - 11.86%    
Biotechnology - 1.31%    
Amgen, Inc. 495,233 27,213,053
Biogen Idec, Inc. (I) 129,986 12,108,196
Celgene Corp. (I) 245,882 15,225,013
Cephalon, Inc. (I) 41,773 3,371,081
Gilead Sciences, Inc. (I) 413,431 16,041,123
 
    73,958,466
Health Care Equipment & Supplies - 1.87%    
Baxter International, Inc. 304,538 17,096,763
Becton, Dickinson & Company 116,534 8,544,273
Boston Scientific Corp. (I) 820,321 4,848,097
C.R. Bard, Inc. 46,438 4,065,183
CareFusion Corp. (I) 119,851 2,870,431
Covidien PLC 264,445 11,662,025
DENTSPLY International, Inc. (L) 75,751 2,324,798
Edwards Lifesciences Corp. (I) 61,608 4,391,418
Intuitive Surgical, Inc. (I) 20,945 7,629,845
Medtronic, Inc. 566,123 18,817,929
St. Jude Medical, Inc. 176,585 6,390,611
Stryker Corp. 176,663 8,326,127
Varian Medical Systems, Inc. (I)(L) 62,802 3,275,752
Zimmer Holdings, Inc. (I) 102,080 5,461,280
 
    105,704,532
Health Care Providers & Services - 2.08%    
Aetna, Inc. 199,844 7,264,329
AmerisourceBergen Corp. 144,301 5,378,098
Cardinal Health, Inc. 184,678 7,734,315
CIGNA Corp. 144,806 6,073,164
Coventry Health Care, Inc. (I) 79,615 2,293,708
DaVita, Inc. (I) 50,059 3,137,198
Express Scripts, Inc. (I) 261,627 9,698,513
Humana, Inc. 89,406 6,502,498
Laboratory Corp. of America Holdings (I) 54,257 4,289,016
McKesson Corp. 131,999 9,596,327
Medco Health Solutions, Inc. (I) 206,617 9,688,271
Patterson Companies, Inc. 50,742 1,452,743
Quest Diagnostics, Inc. 84,829 4,187,159
Tenet Healthcare Corp. (I)(L) 253,828 1,048,310
UnitedHealth Group, Inc. 576,726 26,598,603
WellPoint, Inc. 193,284 12,617,580
 
    117,559,832
Health Care Technology - 0.09%    
Cerner Corp. (I)(L) 77,914 5,338,667
Life Sciences Tools & Services - 0.44%    
Agilent Technologies, Inc. (I) 186,078 5,814,938
Life Technologies Corp. (I) 96,710 3,716,565
PerkinElmer, Inc. 59,700 1,146,837
Thermo Fisher Scientific, Inc. (I) 204,652 10,363,577
Waters Corp. (I) 48,962 3,696,141
 
    24,738,058
Pharmaceuticals - 6.07%    
Abbott Laboratories 834,183 42,660,119
Allergan, Inc. 164,802 13,576,389
Bristol-Myers Squibb Company 914,084 28,683,956
Eli Lilly & Company 545,965 20,184,326
Forest Laboratories, Inc. (I) 147,139 4,530,410

 

3

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Hospira, Inc. (I) 88,817 $ 3,286,229
Johnson & Johnson 1,468,588 93,563,741
Merck & Company, Inc. 1,651,020 54,004,864
Mylan, Inc. (I) 228,447 3,883,599
Pfizer, Inc. 4,181,246 73,924,429
Watson Pharmaceuticals, Inc. (I) 67,422 4,601,552
 
    342,899,614
    670,199,169
Industrials - 10.03%    
Aerospace & Defense - 2.63%    
General Dynamics Corp. 193,870 11,029,264
Goodrich Corp. 66,995 8,084,957
Honeywell International, Inc. 419,308 18,411,814
ITT Corp. 99,304 4,170,768
L-3 Communications Holdings, Inc. 56,181 3,481,537
Lockheed Martin Corp. (L) 147,481 10,713,020
Northrop Grumman Corp. 149,020 7,772,883
Precision Castparts Corp. 77,185 11,999,180
Raytheon Company 189,505 7,745,069
Rockwell Collins, Inc. 82,345 4,344,522
Textron, Inc. 148,629 2,621,816
The Boeing Company 397,156 24,031,910
United Technologies Corp. 486,988 34,264,476
 
    148,671,216
Air Freight & Logistics - 0.98%    
C.H. Robinson Worldwide, Inc. 88,375 6,051,036
Expeditors International of Washington, Inc. 113,657 4,608,791
FedEx Corp. 169,900 11,498,832
United Parcel Service, Inc., Class B 525,614 33,192,524
 
    55,351,183
Airlines - 0.06%    
Southwest Airlines Company 430,914 3,464,549
Building Products - 0.03%    
Masco Corp. (L) 189,573 1,349,760
Commercial Services & Supplies - 0.47%    
Avery Dennison Corp. 56,789 1,424,268
Cintas Corp. (L) 59,767 1,681,843
Iron Mountain, Inc. (L) 108,873 3,442,564
Pitney Bowes, Inc. (L) 107,926 2,029,009
R.R. Donnelley & Sons Company 99,301 1,402,130
Republic Services, Inc. 171,503 4,812,374
Stericycle, Inc. (I)(L) 46,154 3,725,551
Waste Management, Inc. (L) 252,988 8,237,289
 
    26,755,028
Construction & Engineering - 0.15%    
Fluor Corp. 93,140 4,335,667
Jacobs Engineering Group, Inc. (I) 68,349 2,206,989
Quanta Services, Inc. (I)(L) 114,401 2,149,595
 
    8,692,251
Electrical Equipment - 0.43%    
Emerson Electric Company 399,088 16,486,325
Rockwell Automation, Inc. 76,744 4,297,664
Roper Industries, Inc. 51,488 3,548,038
 
    24,332,027
Industrial Conglomerates - 2.42%    
3M Company 380,244 27,297,717
Danaher Corp. 304,937 12,789,058
General Electric Company 5,680,866 86,576,398

 

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Industrial Conglomerates (continued)    
Tyco International, Ltd. 248,887 $ 10,142,145
 
    136,805,318
Machinery - 1.80%    
Caterpillar, Inc. 346,236 25,566,066
Cummins, Inc. 104,342 8,520,568
Deere & Company 221,831 14,323,628
Dover Corp. 99,693 4,645,694
Eaton Corp. 182,794 6,489,187
Flowserve Corp. 29,872 2,210,528
Illinois Tool Works, Inc. (L) 263,352 10,955,443
Ingersoll-Rand PLC (L) 177,383 4,982,688
Joy Global, Inc. 56,324 3,513,491
PACCAR, Inc. (L) 195,882 6,624,729
Pall Corp. 62,342 2,643,301
Parker Hannifin Corp. 83,098 5,245,977
Snap-On, Inc. (L) 30,811 1,368,008
Stanley Black & Decker, Inc. 90,214 4,429,507
 
    101,518,815
Professional Services - 0.09%    
Dun & Bradstreet Corp. 26,155 1,602,255
Equifax, Inc. 65,152 2,002,772
Robert Half International, Inc. 77,737 1,649,579
 
    5,254,606
Road & Rail - 0.79%    
CSX Corp. 586,985 10,959,010
Norfolk Southern Corp. 186,380 11,372,908
Ryder Systems, Inc. 27,182 1,019,597
Union Pacific Corp. 261,576 21,362,912
 
    44,714,427
Trading Companies & Distributors - 0.18%    
Fastenal Company (L) 158,159 5,263,532
W.W. Grainger, Inc. 32,588 4,873,210
 
    10,136,742
 
    567,045,922
Information Technology - 18.98%    
Communications Equipment - 2.01%    
Cisco Systems, Inc. 2,947,610 45,658,479
F5 Networks, Inc. (I) 43,261 3,073,694
Harris Corp. (L) 64,421 2,201,266
JDS Uniphase Corp. (I) 122,235 1,218,683
Juniper Networks, Inc. (I) 285,629 4,929,957
Motorola Mobility Holdings, Inc. (I) 140,171 5,295,660
Motorola Solutions, Inc. 161,835 6,780,887
QUALCOMM, Inc. 900,191 43,776,288
Tellabs, Inc. 192,340 825,139
 
    113,760,053
Computers & Peripherals - 4.70%    
Apple, Inc. (I) 496,842 189,386,234
Dell, Inc. (I) 831,063 11,759,541
EMC Corp. (I) 1,106,630 23,228,164
Hewlett-Packard Company 1,111,563 24,954,589
Lexmark International, Inc., Class A (I) 41,942 1,133,692
NetApp, Inc. (I) 197,435 6,700,944
SanDisk Corp. (I) 128,208 5,173,193
Western Digital Corp. (I) 124,974 3,214,331
 
    265,550,688
Electronic Equipment, Instruments & Components - 0.34%  
Amphenol Corp., Class A 91,061 3,712,557
Corning, Inc. 841,978 10,406,848

 

4

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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. 85,601 $ 2,144,305
Jabil Circuit, Inc. 97,673 1,737,603
Molex, Inc. (L) 73,614 1,499,517
 
    19,500,830
Internet Software & Services - 1.79%    
Akamai Technologies, Inc. (I) 98,842 1,964,979
eBay, Inc. (I) 614,692 18,127,267
Google, Inc., Class A (I) 134,971 69,426,383
Monster Worldwide, Inc. (I)(L) 68,458 491,528
VeriSign, Inc. 89,190 2,551,726
Yahoo!, Inc. (I) 676,658 8,904,819
 
    101,466,702
IT Services - 3.92%    
Accenture PLC, Class A 345,348 18,192,933
Automatic Data Processing, Inc. 262,416 12,372,914
Cognizant Technology    
Solutions Corp., Class A (I) 162,726 10,202,920
Computer Sciences Corp. 83,093 2,231,047
Fidelity National Information Services, Inc. 132,823 3,230,255
Fiserv, Inc. (I) 76,026 3,859,840
International Business Machines Corp. 640,032 112,024,801
MasterCard, Inc., Class A 57,199 18,141,235
Paychex, Inc. 172,706 4,554,257
SAIC, Inc. (I) 147,729 1,744,679
Teradata Corp. (I) 90,193 4,828,031
The Western Union Company 336,389 5,143,388
Total Systems Services, Inc. 87,779 1,486,098
Visa, Inc., Class A 274,134 23,498,766
 
    221,511,164
Office Electronics - 0.09%    
Xerox Corp. 752,138 5,242,402
Semiconductors & Semiconductor Equipment - 2.33%  
Advanced Micro Devices, Inc. (I)(L) 311,246 1,581,130
Altera Corp. 173,633 5,474,648
Analog Devices, Inc. 160,471 5,014,719
Applied Materials, Inc. 706,088 7,308,011
Broadcom Corp., Class A (I) 258,037 8,590,052
First Solar, Inc. (I)(L) 31,448 1,987,828
Intel Corp. 2,814,071 60,024,134
KLA-Tencor Corp. (L) 89,503 3,426,175
Linear Technology Corp. (L) 122,131 3,376,922
LSI Corp. (I) 307,021 1,590,369
MEMC Electronic Materials, Inc. (I)(L) 121,987 639,212
Microchip Technology, Inc. (L) 102,136 3,177,451
Micron Technology, Inc. (I)(L) 538,075 2,711,898
Novellus Systems, Inc. (I) 37,331 1,017,643
NVIDIA Corp. (I) 323,545 4,044,313
Teradyne, Inc. (I)(L) 99,826 1,099,084
Texas Instruments, Inc. 619,148 16,500,294
Xilinx, Inc. (L) 142,101 3,899,251
 
    131,463,134
Software - 3.80%    
Adobe Systems, Inc. (I) 264,663 6,396,905
Autodesk, Inc. (I) 122,265 3,396,522
BMC Software, Inc. (I) 93,627 3,610,257
CA, Inc. 202,872 3,937,746
Citrix Systems, Inc. (I) 100,905 5,502,350
Compuware Corp. (I) 115,533 884,983
Electronic Arts, Inc. (I) 179,153 3,663,679
Intuit, Inc. 162,919 7,728,877
Microsoft Corp. 3,996,113 99,463,253

 

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Oracle Corp. 2,117,444 $ 60,855,341
Red Hat, Inc. (I) 103,447 4,371,670
Salesforce.com, Inc. (I) 72,615 8,298,442
Symantec Corp. (I) 401,833 6,549,878
 
    214,659,903
 
    1,073,154,876
Materials - 3.28%    
Chemicals - 2.07%    
Air Products & Chemicals, Inc. 114,223 8,723,211
Airgas, Inc. 36,480 2,328,154
CF Industries Holdings, Inc. 38,453 4,744,716
E.I. du Pont de Nemours & Company 499,741 19,974,648
Eastman Chemical Company 37,611 2,577,482
Ecolab, Inc. (L) 124,311 6,077,565
FMC Corp. 38,406 2,656,159
International Flavors & Fragrances, Inc. 43,348 2,437,025
Monsanto Company 286,571 17,205,723
PPG Industries, Inc. 84,416 5,964,835
Praxair, Inc. 161,932 15,137,403
Sigma-Aldrich Corp. (L) 65,428 4,042,796
The Dow Chemical Company 633,032 14,217,899
The Mosaic Company 151,961 7,441,530
The Sherwin-Williams Company 47,274 3,513,404
 
    117,042,550
Construction Materials - 0.03%    
Vulcan Materials Company (L) 69,244 1,908,365
Containers & Packaging - 0.12%    
Ball Corp. 87,658 2,719,151
Bemis Company, Inc. (L) 55,762 1,634,384
Owens-Illinois, Inc. (I) 88,003 1,330,605
Sealed Air Corp. 84,791 1,416,010
 
    7,100,150
Metals & Mining - 0.92%    
AK Steel Holding Corp. (L) 58,367 381,720
Alcoa, Inc. 570,308 5,457,848
Allegheny Technologies, Inc. (L) 56,988 2,107,986
Cliffs Natural Resources, Inc. 78,250 4,004,053
Freeport-McMoRan Copper & Gold, Inc. 507,988 15,468,235
Newmont Mining Corp. 264,842 16,658,562
Nucor Corp. 169,611 5,366,492
Titanium Metals Corp. (L) 44,790 670,954
United States Steel Corp. (L) 77,170 1,698,512
 
    51,814,362
Paper & Forest Products - 0.14%    
International Paper Company 234,244 5,446,173
MeadWestvaco Corp. 91,478 2,246,700
 
    7,692,873
 
    185,558,300
Telecommunication Services - 3.21%    
Diversified Telecommunication Services - 2.90%    
AT&T, Inc. 3,175,815 90,574,244
CenturyLink, Inc. 330,347 10,941,093
Frontier Communications Corp. (L) 533,327 3,258,628
Verizon Communications, Inc. 1,516,934 55,823,171
Windstream Corp. (L) 273,343 3,187,179
 
    163,784,315
Wireless Telecommunication Services - 0.31%    
American Tower Corp., Class A (I) 212,100 11,410,980
MetroPCS Communications, Inc. (I) 157,120 1,368,515

 

5

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Wireless Telecommunication Services (continued)    
Sprint Nextel Corp. (I)(L) 1,604,863 $ 4,878,784
    17,658,279
    181,442,594
Utilities - 3.87%    
Electric Utilities - 2.10%    
American Electric Power Company, Inc. 258,452 9,826,345
Duke Energy Corp. (L) 713,692 14,266,703
Edison International 174,627 6,679,483
Entergy Corp. 94,740 6,280,315
Exelon Corp. (L) 355,141 15,132,558
FirstEnergy Corp. 224,136 10,065,948
Nextera Energy, Inc. 226,326 12,226,131
Northeast Utilities 94,813 3,190,457
Pepco Holdings, Inc. 121,363 2,296,188
Pinnacle West Capital Corp. 58,477 2,511,002
PPL Corp. 309,603 8,836,070
Progress Energy, Inc. 157,881 8,165,605
Southern Company 459,620 19,474,099
 
    118,950,904
Gas Utilities - 0.09%    
Nicor, Inc. 24,108 1,326,181
ONEOK, Inc. 55,481 3,663,965
 
    4,990,146
Independent Power Producers & Energy Traders - 0.18%  
Constellation Energy Group, Inc. 107,925 4,107,626
NRG Energy, Inc. (I) 129,315 2,742,771
The AES Corp. (I) 352,260 3,438,058
 
    10,288,455
Multi-Utilities - 1.50%    
Ameren Corp. 129,524 3,855,929
CenterPoint Energy, Inc. 228,232 4,477,912
CMS Energy Corp. 134,977 2,671,195
Consolidated Edison, Inc. (L) 156,954 8,949,517
Dominion Resources, Inc. 304,824 15,475,914
DTE Energy Company 90,751 4,448,614
Integrys Energy Group, Inc. 41,752 2,029,982
NiSource, Inc. 150,408 3,215,723
PG&E Corp. 215,562 9,120,428
Public Service Enterprise Group, Inc. 271,125 9,047,441
SCANA Corp. (L) 61,543 2,489,414
Sempra Energy 128,383 6,611,725
TECO Energy, Inc. 115,654 1,981,153
Wisconsin Energy Corp. (L) 125,267 3,919,604
Xcel Energy, Inc. 259,677 6,411,425
 
    84,705,976
    218,935,481
TOTAL COMMON STOCKS (Cost $4,871,416,826) $ 5,521,755,151
 
WARRANTS - 0.00%    
Financials - 0.00%    
American International Group, Inc. (Expiration    
Date: 01/19/2021; Strike Price: $45.00) (I) 1 6
TOTAL WARRANTS (Cost $17) $ 6
 
SECURITIES LENDING COLLATERAL - 3.30%  
John Hancock Collateral    
Investment Trust, 0.2515% (W)(Y) 18,645,642 186,553,379
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $186,557,131) $ 186,553,379

 

500 Index Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
SHORT-TERM INVESTMENTS - 1.93%    
U.S. Government Agency* - 1.80%    
Federal Home Loan Bank Discount Note $ 102,000,000 $ 101,992,407
Repurchase Agreement - 0.13%    
Repurchase Agreement with State Street Corp.    
dated 09/30/2011 at 0.010% to be    
repurchased at $7,361,006 on 10/03/2011,    
collateralized by $5,895,000 U.S. Treasury    
Notes, 4.250% due 11/15/2040 (valued    
at $7,508,756) 7,361,000 7,361,000
TOTAL SHORT-TERM INVESTMENTS (Cost $109,353,407) $ 109,353,407
Total Investments (500 Index Trust)    
(Cost $5,167,327,381) - 102.90% $ 5,817,661,943
Other assets and liabilities, net - (2.90%)   (164,071,293)
 
TOTAL NET ASSETS - 100.00% $ 5,653,590,650
 
 
 
500 Index Trust B    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 97.44%    
Consumer Discretionary - 10.38%    
Auto Components - 0.19%    
Johnson Controls, Inc. 49,723 $ 1,311,186
The Goodyear Tire & Rubber Company (I) 17,807 179,673
 
    1,490,859
Automobiles - 0.42%    
Ford Motor Company (I) 277,959 2,687,864
Harley-Davidson, Inc. 17,293 593,669
 
    3,281,533
Distributors - 0.08%    
Genuine Parts Company (L) 11,467 582,524
Diversified Consumer Services - 0.11%    
Apollo Group, Inc., Class A (I) 8,968 355,222
DeVry, Inc. 4,482 165,655
H&R Block, Inc. (L) 22,368 297,718
 
    818,595
Hotels, Restaurants & Leisure - 1.93%    
Carnival Corp. 33,820 1,024,746
Chipotle Mexican Grill, Inc. (I)(L) 2,293 694,664
Darden Restaurants, Inc. (L) 9,845 420,874
International Game Technology 21,874 317,829
Marriott International, Inc., Class A 20,707 564,059
McDonald’s Corp. 75,473 6,628,039
Starbucks Corp. 54,577 2,035,176
Starwood Hotels &    
Resorts Worldwide, Inc. (L) 14,057 545,693
Wyndham Worldwide Corp. 12,004 342,234
Wynn Resorts, Ltd. 5,850 673,218
Yum! Brands, Inc. 33,958 1,677,186
 
    14,923,718
Household Durables - 0.25%    
D.R. Horton, Inc. 20,438 184,760
Fortune Brands, Inc. 11,300 611,104
Harman International Industries, Inc. 5,098 145,701
Leggett & Platt, Inc. (L) 10,423 206,271
Lennar Corp., Class A (L) 11,688 158,256
Newell Rubbermaid, Inc. 21,240 252,119

 

6

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Household Durables (continued)    
Pulte Group, Inc. (I) 24,450 $ 96,578
Whirlpool Corp. 5,560 277,500
 
    1,932,289
Internet & Catalog Retail - 1.06%    
Amazon.com, Inc. (I) 26,564 5,743,934
Expedia, Inc. 14,244 366,783
Netflix, Inc. (I)(L) 3,843 434,874
priceline.com, Inc. (I) 3,641 1,636,484
 
    8,182,075
Leisure Equipment & Products - 0.12%    
Hasbro, Inc. 8,846 288,468
Mattel, Inc. 25,082 649,373
 
    937,841
Media - 2.98%    
Cablevision Systems Corp., Class A 16,459 258,900
CBS Corp., Class B 49,002 998,661
Comcast Corp., Class A 201,098 4,202,948
DIRECTV, Class A (I) 54,005 2,281,711
Discovery    
Communications, Inc., Series A (I)(L) 20,022 753,228
Gannett Company, Inc. (L) 17,537 167,128
News Corp., Class A 167,178 2,586,244
Omnicom Group, Inc. 20,444 753,157
Scripps Networks Interactive, Inc., Class A (L) 7,218 268,293
The Interpublic Group of Companies, Inc. 35,003 252,022
The McGraw-Hill Companies, Inc. 22,040 903,640
The Walt Disney Company 135,767 4,094,733
The Washington Post Company, Class B (L) 366 119,671
Time Warner Cable, Inc. 23,787 1,490,731
Time Warner, Inc. 76,426 2,290,487
Viacom, Inc., Class B 42,032 1,628,320
 
    23,049,874
Multiline Retail - 0.76%    
Big Lots, Inc. (I) 4,795 167,010
Family Dollar Stores, Inc. 8,796 447,365
J.C. Penney Company, Inc. (L) 10,455 279,985
Kohl’s Corp. 20,562 1,009,594
Macy’s, Inc. 31,244 822,342
Nordstrom, Inc. 11,975 547,018
Sears Holdings Corp. (I)(L) 2,815 161,919
Target Corp. 49,393 2,422,233
 
    5,857,466
Specialty Retail - 1.85%    
Abercrombie & Fitch Company, Class A 6,360 391,522
AutoNation, Inc. (I)(L) 3,626 118,860
AutoZone, Inc. (I) 2,128 679,236
Bed Bath & Beyond, Inc. (I) 17,899 1,025,792
Best Buy Company, Inc. 22,155 516,212
CarMax, Inc. (I)(L) 16,551 394,741
GameStop Corp., Class A (I)(L) 10,174 235,019
Home Depot, Inc. 114,428 3,761,248
Limited Brands, Inc. (L) 18,113 697,532
Lowe’s Companies, Inc. 92,208 1,783,303
O’Reilly Automotive, Inc. (I) 9,944 662,569
Ross Stores, Inc. 8,456 665,403
Staples, Inc. 51,877 689,964
The Gap, Inc. (L) 25,379 412,155
Tiffany & Company 9,315 566,538
TJX Companies, Inc. 27,869 1,545,893
Urban Outfitters, Inc. (I)(L) 8,669 193,492
 
    14,339,479

 

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods - 0.63%    
Coach, Inc. 21,142 $ 1,095,790
NIKE, Inc., Class B 27,787 2,376,066
Ralph Lauren Corp. 4,735 614,130
VF Corp. 6,340 770,437
 
    4,856,423
 
    80,252,676
Consumer Staples - 11.38%    
Beverages - 2.71%    
Brown Forman Corp., Class B (L) 7,378 517,493
Coca-Cola Enterprises, Inc. 23,333 580,525
Constellation Brands, Inc., Class A (I) 13,491 242,838
Dr. Pepper Snapple Group, Inc. 15,871 615,477
Molson Coors Brewing Company, Class B 11,919 472,112
PepsiCo, Inc. 115,768 7,166,039
The Coca-Cola Company 167,960 11,347,378
 
    20,941,862
Food & Staples Retailing - 2.35%    
Costco Wholesale Corp. 32,026 2,629,975
CVS Caremark Corp. 98,375 3,303,433
Safeway, Inc. 25,603 425,778
SUPERVALU, Inc. (L) 15,432 102,777
Sysco Corp. 43,356 1,122,920
The Kroger Company 44,235 971,401
Wal-Mart Stores, Inc. 128,582 6,673,406
Walgreen Company 66,232 2,178,370
Whole Foods Market, Inc. 11,535 753,351
 
    18,161,411
Food Products - 1.93%    
Archer-Daniels-Midland Company 49,435 1,226,482
Campbell Soup Company (L) 13,150 425,666
ConAgra Foods, Inc. 30,328 734,544
Dean Foods Company (I) 13,319 118,140
General Mills, Inc. 47,299 1,819,593
H.J. Heinz Company 23,473 1,184,917
Hormel Foods Corp. 10,128 273,659
Kellogg Company 18,263 971,409
Kraft Foods, Inc., Class A 129,191 4,338,234
McCormick & Company, Inc. 9,671 446,413
Mead Johnson Nutrition Company 14,904 1,025,842
Sara Lee Corp. 43,075 704,276
The Hershey Company 11,313 670,182
The J.M. Smucker Company 8,327 606,955
Tyson Foods, Inc., Class A 21,686 376,469
 
    14,922,781
Household Products - 2.39%    
Clorox Company (L) 9,617 637,896
Colgate-Palmolive Company 35,587 3,155,855
Kimberly-Clark Corp. 28,656 2,034,863
The Procter & Gamble Company 201,000 12,699,180
 
    18,527,794
Personal Products - 0.17%    
Avon Products, Inc. 31,506 617,518
The Estee Lauder Companies, Inc., Class A 8,272 726,612
 
    1,344,130
Tobacco - 1.83%    
Altria Group, Inc. 151,513 4,062,064
Lorillard, Inc. 10,126 1,120,948
Philip Morris International, Inc. 128,488 8,015,081

 

7

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Tobacco (continued)    
Reynolds American, Inc. 24,731 $ 926,918
    14,125,011
    88,022,989
Energy - 11.33%    
Energy Equipment & Services - 1.82%    
Baker Hughes, Inc. 31,908 1,472,873
Cameron International Corp. (I) 17,927 744,688
Diamond Offshore Drilling, Inc. (L) 5,056 276,765
FMC Technologies, Inc. (I)(L) 17,529 659,090
Halliburton Company 67,272 2,053,141
Helmerich & Payne, Inc. 7,802 316,761
Nabors Industries, Ltd. (I) 20,960 256,970
National Oilwell Varco, Inc. 30,992 1,587,410
Noble Corp. (I) 18,462 541,860
Rowan Companies, Inc. (I) 9,297 280,676
Schlumberger, Ltd. 98,706 5,895,709
 
    14,085,943
Oil, Gas & Consumable Fuels - 9.51%    
Alpha Natural Resources, Inc. (I) 16,523 292,292
Anadarko Petroleum Corp. 36,415 2,295,966
Apache Corp. 28,084 2,253,460
Cabot Oil & Gas Corp. 7,620 471,754
Chesapeake Energy Corp. 48,341 1,235,113
Chevron Corp. 146,519 13,555,938
ConocoPhillips 100,437 6,359,671
Consol Energy, Inc. 16,586 562,763
Denbury Resources, Inc. (I) 29,431 338,457
Devon Energy Corp. 30,467 1,689,090
El Paso Corp. 56,345 984,911
EOG Resources, Inc. 19,650 1,395,347
EQT Corp. 10,933 583,385
Exxon Mobil Corp. 355,665 25,831,949
Hess Corp. 22,128 1,160,835
Marathon Oil Corp. 52,230 1,127,123
Marathon Petroleum Corp. 26,078 705,671
Murphy Oil Corp. 14,155 625,085
Newfield Exploration Company (I) 9,646 382,850
Noble Energy, Inc. 12,912 914,170
Occidental Petroleum Corp. 59,454 4,250,961
Peabody Energy Corp. 19,811 671,197
Pioneer Natural Resources Company 8,543 561,873
QEP Resources, Inc. 12,892 348,986
Range Resources Corp. 11,781 688,717
Southwestern Energy Company (I) 25,455 848,415
Spectra Energy Corp. 47,569 1,166,868
Sunoco, Inc. 8,833 273,911
Tesoro Corp. (I)(L) 10,486 204,162
The Williams Companies, Inc. 43,077 1,048,494
Valero Energy Corp. 41,852 744,129
 
    73,573,543
    87,659,486
Financials - 13.24%    
Capital Markets - 1.83%    
Ameriprise Financial, Inc. 17,269 679,708
BlackRock, Inc. 7,337 1,085,949
E*TRADE Financial Corp. (I) 18,569 169,164
Federated Investors, Inc., Class B (L) 6,791 119,046
Franklin Resources, Inc. 10,647 1,018,279
Invesco, Ltd. 32,982 511,551
Janus Capital Group, Inc. 13,534 81,204
Legg Mason, Inc. 9,590 246,559

 

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Capital Markets (continued)    
Morgan Stanley 108,592 $ 1,465,992
Northern Trust Corp. 17,637 616,942
State Street Corp. 36,870 1,185,739
T. Rowe Price Group, Inc. 18,754 895,879
The Bank of New York Mellon Corp. 90,171 1,676,279
The Charles Schwab Corp. 78,843 888,561
The Goldman Sachs Group, Inc. 36,999 3,498,255
 
    14,139,107
Commercial Banks - 2.49%    
BB&T Corp. 50,989 1,087,595
Comerica, Inc. 14,700 337,659
Fifth Third Bancorp 67,285 679,579
First Horizon National Corp. 19,155 114,164
Huntington Bancshares, Inc. 62,975 302,280
KeyCorp 69,702 413,333
M&T Bank Corp. 9,188 642,241
PNC Financial Services Group, Inc. 38,494 1,855,026
Regions Financial Corp. 91,644 305,175
SunTrust Banks, Inc. 39,273 704,950
U.S. Bancorp 140,526 3,307,982
Wells Fargo & Company 386,221 9,315,651
Zions Bancorporation 13,408 188,651
 
    19,254,286
Consumer Finance - 0.79%    
American Express Company 75,972 3,411,143
Capital One Financial Corp. 33,603 1,331,687
Discover Financial Services 39,916 915,673
SLM Corp. 37,621 468,381
 
    6,126,884
Diversified Financial Services - 2.83%    
Bank of America Corp. 741,325 4,536,909
Citigroup, Inc. 213,449 5,468,563
CME Group, Inc. 4,891 1,205,142
IntercontinentalExchange, Inc. (I) 5,363 634,228
JPMorgan Chase & Company 285,216 8,590,706
Leucadia National Corp. (L) 14,449 327,703
Moody’s Corp. (L) 14,722 448,285
NYSE Euronext 19,095 443,768
The NASDAQ OMX Group, Inc. (I) 9,326 215,804
 
    21,871,108
Insurance - 3.49%    
ACE, Ltd. 24,722 1,498,153
Aflac, Inc. 34,173 1,194,346
American International Group, Inc. (I)(L) 31,953 701,368
AON Corp. 23,898 1,003,238
Assurant, Inc. 6,911 247,414
Berkshire Hathaway, Inc., Class B (I) 128,643 9,138,799
Chubb Corp. 20,916 1,254,751
Cincinnati Financial Corp. (L) 11,935 314,249
Genworth Financial, Inc., Class A (I) 35,781 205,383
Hartford Financial Services Group, Inc. 32,477 524,179
Lincoln National Corp. 22,555 352,535
Loews Corp. 22,762 786,427
Marsh & McLennan Companies, Inc. 39,623 1,051,594
MetLife, Inc. 77,356 2,166,742
Principal Financial Group, Inc. (L) 22,931 519,846
Prudential Financial, Inc. 35,551 1,665,920
The Allstate Corp. 37,790 895,245
The Progressive Corp. 46,721 829,765
The Travelers Companies, Inc. 30,631 1,492,649
Torchmark Corp. 7,687 267,969
Unum Group 22,198 465,270

 

8

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
XL Group PLC 24,017 $ 451,520
    27,027,362
Real Estate Investment Trusts - 1.70%    
Apartment Investment & Management    
Company, Class A 8,837 195,474
AvalonBay Communities, Inc. 6,879 784,550
Boston Properties, Inc. 10,746 957,469
Equity Residential 21,688 1,124,957
HCP, Inc. (L) 29,785 1,044,262
Health Care REIT, Inc. 12,980 607,464
Host Hotels & Resorts, Inc. (L) 51,654 565,095
Kimco Realty Corp. (L) 29,681 446,105
Plum Creek Timber Company, Inc. (L) 11,811 409,960
Prologis, Inc. 33,576 814,218
Public Storage 10,362 1,153,809
Simon Property Group, Inc. 21,476 2,361,930
Ventas, Inc. (L) 21,061 1,040,413
Vornado Realty Trust (L) 13,491 1,006,698
Weyerhaeuser Company 39,404 612,732
 
    13,125,136
Real Estate Management & Development - 0.04%    
CB Richard Ellis Group, Inc., Class A 23,781 320,092
Thrifts & Mortgage Finance - 0.07%    
Hudson City Bancorp, Inc. (L) 38,310 216,835
People’s United Financial, Inc. 27,540 313,956
 
    530,791
    102,394,766
Health Care - 11.83%    
Biotechnology - 1.31%    
Amgen, Inc. 67,598 3,714,510
Biogen Idec, Inc. (I) 17,742 1,652,667
Celgene Corp. (I) 33,561 2,078,097
Cephalon, Inc. (I) 5,701 460,071
Gilead Sciences, Inc. (I) 56,432 2,189,562
 
    10,094,907
Health Care Equipment & Supplies - 1.87%    
Baxter International, Inc. 41,602 2,335,536
Becton, Dickinson & Company 15,906 1,166,228
Boston Scientific Corp. (I) 111,968 661,731
C.R. Bard, Inc. 6,338 554,829
CareFusion Corp. (I) 16,297 390,313
Covidien PLC 36,095 1,591,790
DENTSPLY International, Inc. (L) 10,338 317,273
Edwards Lifesciences Corp. (I) 8,409 599,394
Intuitive Surgical, Inc. (I) 2,859 1,041,477
Medtronic, Inc. 77,245 2,567,624
St. Jude Medical, Inc. 24,103 872,288
Stryker Corp. 24,145 1,137,954
Varian Medical Systems, Inc. (I)(L) 8,548 445,864
Zimmer Holdings, Inc. (I) 13,933 745,416
 
    14,427,717
Health Care Providers & Services - 2.07%    
Aetna, Inc. 27,278 991,555
AmerisourceBergen Corp. 19,696 734,070
Cardinal Health, Inc. 25,208 1,055,711
CIGNA Corp. 19,727 827,350
Coventry Health Care, Inc. (I) 10,811 311,465
DaVita, Inc. (I) 6,832 428,161
Express Scripts, Inc. (I) 35,712 1,323,844
Humana, Inc. 12,204 887,597

 

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
Laboratory Corp. of America Holdings (I) 7,406 $ 585,444
McKesson Corp. 18,017 1,309,836
Medco Health Solutions, Inc. (I) 28,202 1,322,392
Patterson Companies, Inc. 6,846 196,001
Quest Diagnostics, Inc. 11,579 571,539
Tenet Healthcare Corp. (I)(L) 34,641 143,067
UnitedHealth Group, Inc. 78,721 3,630,613
WellPoint, Inc. 26,383 1,722,282
 
    16,040,927
Health Care Technology - 0.09%    
Cerner Corp. (I)(L) 10,635 728,710
Life Sciences Tools & Services - 0.44%    
Agilent Technologies, Inc. (I) 25,386 793,313
Life Technologies Corp. (I) 13,201 507,314
PerkinElmer, Inc. 8,246 158,406
Thermo Fisher Scientific, Inc. (I) 27,954 1,415,591
Waters Corp. (I) 6,684 504,575
 
    3,379,199
Pharmaceuticals - 6.05%    
Abbott Laboratories 113,864 5,823,005
Allergan, Inc. 22,495 1,853,138
Bristol-Myers Squibb Company 124,770 3,915,283
Eli Lilly & Company 74,523 2,755,115
Forest Laboratories, Inc. (I) 20,084 618,386
Hospira, Inc. (I) 12,060 446,220
Johnson & Johnson 200,457 12,771,115
Merck & Company, Inc. 225,361 7,371,558
Mylan, Inc. (I) 31,181 530,077
Pfizer, Inc. 570,727 10,090,453
Watson Pharmaceuticals, Inc. (I) 9,225 629,606
 
    46,803,956
 
    91,475,416
Industrials - 10.01%    
Aerospace & Defense - 2.63%    
General Dynamics Corp. 26,463 1,505,480
Goodrich Corp. 9,144 1,103,498
Honeywell International, Inc. 57,235 2,513,189
ITT Corp. 13,555 569,310
L-3 Communications Holdings, Inc. 7,709 477,727
Lockheed Martin Corp. (L) 20,132 1,462,388
Northrop Grumman Corp. 20,340 1,060,934
Precision Castparts Corp. 10,535 1,637,771
Raytheon Company 25,867 1,057,184
Rockwell Collins, Inc. 11,236 592,811
Textron, Inc. 20,287 357,863
The Boeing Company 54,211 3,280,308
United Technologies Corp. 66,473 4,677,040
 
    20,295,503
Air Freight & Logistics - 0.98%    
C.H. Robinson Worldwide, Inc. 12,063 825,954
Expeditors International of Washington, Inc. 15,490 628,120
FedEx Corp. 23,191 1,569,567
United Parcel Service, Inc., Class B 71,745 4,530,697
 
    7,554,338
Airlines - 0.06%    
Southwest Airlines Company 58,812 472,848
Building Products - 0.02%    
Masco Corp. 26,046 185,448
Commercial Services & Supplies - 0.47%    
Avery Dennison Corp. 7,706 193,266

 

9

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Services & Supplies (continued)    
Cintas Corp. (L) 8,158 $ 229,566
Iron Mountain, Inc. (L) 14,860 469,873
Pitney Bowes, Inc. (L) 14,869 279,537
R.R. Donnelley & Sons Company 13,680 193,162
Republic Services, Inc. 23,411 656,913
Stericycle, Inc. (I)(L) 6,299 508,455
Waste Management, Inc. 34,583 1,126,022
 
    3,656,794
Construction & Engineering - 0.15%    
Fluor Corp. 12,712 591,744
Jacobs Engineering Group, Inc. (I) 9,330 301,266
Quanta Services, Inc. (I) 15,524 291,696
 
    1,184,706
Electrical Equipment - 0.43%    
Emerson Electric Company 54,475 2,250,362
Rockwell Automation, Inc. 10,476 586,656
Roper Industries, Inc. (L) 7,028 484,299
 
    3,321,317
Industrial Conglomerates - 2.42%    
3M Company 51,903 3,726,116
Danaher Corp. 41,623 1,745,669
General Electric Company 775,417 11,817,355
Tyco International, Ltd. 33,969 1,384,237
 
    18,673,377
Machinery - 1.79%    
Caterpillar, Inc. 47,260 3,489,678
Cummins, Inc. 14,242 1,163,002
Deere & Company 30,279 1,955,115
Dover Corp. 13,609 634,179
Eaton Corp. 24,951 885,761
Flowserve Corp. 4,072 301,328
Illinois Tool Works, Inc. 35,947 1,495,395
Ingersoll-Rand PLC (L) 24,162 678,711
Joy Global, Inc. 7,688 479,577
PACCAR, Inc. 26,738 904,279
Pall Corp. 8,470 359,128
Parker Hannifin Corp. 11,343 716,084
Snap-On, Inc. (L) 4,242 188,345
Stanley Black & Decker, Inc. 12,315 604,667
 
    13,855,249
Professional Services - 0.09%    
Dun & Bradstreet Corp. 3,615 221,455
Equifax, Inc. 8,977 275,953
Robert Half International, Inc. (L) 10,597 224,868
 
    722,276
Road & Rail - 0.79%    
CSX Corp. 80,120 1,495,840
Norfolk Southern Corp. 25,440 1,552,349
Ryder Systems, Inc. 3,726 139,762
Union Pacific Corp. 35,704 2,915,946
 
    6,103,897
Trading Companies & Distributors - 0.18%    
Fastenal Company (L) 21,588 718,449
W.W. Grainger, Inc. (L) 4,448 665,154
 
    1,383,603
    77,409,356
Information Technology - 18.94%    
Communications Equipment - 2.01%    
Cisco Systems, Inc. 402,340 6,232,247

 

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Communications Equipment (continued)    
F5 Networks, Inc. (I) 5,916 $ 420,332
Harris Corp. (L) 8,793 300,457
JDS Uniphase Corp. (I) 16,555 165,053
Juniper Networks, Inc. (I) 38,906 671,518
Motorola Mobility Holdings, Inc. (I) 19,133 722,845
Motorola Solutions, Inc. 22,089 925,529
QUALCOMM, Inc. 122,873 5,975,314
Tellabs, Inc. 26,375 113,149
 
    15,526,444
Computers & Peripherals - 4.69%    
Apple, Inc. (I) 67,817 25,850,484
Dell, Inc. (I) 113,438 1,605,148
EMC Corp. (I) 151,051 3,170,560
Hewlett-Packard Company 151,725 3,406,226
Lexmark International, Inc., Class A (I)(L) 5,779 156,206
NetApp, Inc. (I) 26,950 914,683
SanDisk Corp. (I) 17,499 706,085
Western Digital Corp. (I) 17,058 438,732
 
    36,248,124
Electronic Equipment, Instruments & Components - 0.34%  
Amphenol Corp., Class A 12,430 506,771
Corning, Inc. 114,928 1,420,510
FLIR Systems, Inc. 11,647 291,757
Jabil Circuit, Inc. 13,330 237,141
Molex, Inc. (L) 10,006 203,822
 
    2,660,001
Internet Software & Services - 1.79%    
Akamai Technologies, Inc. (I) 13,487 268,122
eBay, Inc. (I) 83,903 2,474,299
Google, Inc., Class A (I) 18,423 9,476,423
Monster Worldwide, Inc. (I)(L) 9,470 67,995
VeriSign, Inc. 12,173 348,270
Yahoo!, Inc. (I) 92,361 1,215,471
 
    13,850,580
IT Services - 3.91%    
Accenture PLC, Class A 47,104 2,481,439
Automatic Data Processing, Inc. 35,820 1,688,913
Cognizant Technology    
Solutions Corp., Class A (I) 22,191 1,391,376
Computer Sciences Corp. 11,312 303,727
Fidelity National Information Services, Inc. 18,130 440,922
Fiserv, Inc. (I) 10,355 525,723
International Business Machines Corp. 87,362 15,290,971
MasterCard, Inc., Class A 7,807 2,476,068
Paychex, Inc. 23,575 621,673
SAIC, Inc. (I) 20,352 240,357
Teradata Corp. (I) 12,312 659,061
The Western Union Company 45,916 702,056
Total Systems Services, Inc. 11,980 202,821
Visa, Inc., Class A 37,419 3,207,557
 
    30,232,664
Office Electronics - 0.09%    
Xerox Corp. 102,665 715,575
Semiconductors & Semiconductor Equipment - 2.32%  
Advanced Micro Devices, Inc. (I)(L) 42,480 215,798
Altera Corp. 23,701 747,293
Analog Devices, Inc. 21,855 682,969
Applied Materials, Inc. 96,378 997,512
Broadcom Corp., Class A (I) 35,222 1,172,540
First Solar, Inc. (I)(L) 4,293 271,361
Intel Corp. 384,112 8,193,109

 

10

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
KLA-Tencor Corp. (L) 12,247 $ 468,815
Linear Technology Corp. (L) 16,610 459,267
LSI Corp. (I) 41,906 217,073
MEMC Electronic Materials, Inc. (I)(L) 16,751 87,775
Microchip Technology, Inc. (L) 13,893 432,211
Micron Technology, Inc. (I)(L) 73,442 370,148
Novellus Systems, Inc. (I) 5,094 138,862
NVIDIA Corp. (I) 44,163 552,038
Teradyne, Inc. (I)(L) 13,480 148,415
Texas Instruments, Inc. 84,512 2,252,245
Xilinx, Inc. (L) 19,374 531,623
 
    17,939,054
Software - 3.79%    
Adobe Systems, Inc. (I) 36,126 873,165
Autodesk, Inc. (I) 16,738 464,982
BMC Software, Inc. (I) 12,840 495,110
CA, Inc. 27,686 537,385
Citrix Systems, Inc. (I) 13,773 751,042
Compuware Corp. (I) 15,911 121,878
Electronic Arts, Inc. (I) 24,453 500,064
Intuit, Inc. 22,238 1,054,971
Microsoft Corp. 545,456 13,576,400
Oracle Corp. 289,024 8,306,550
Red Hat, Inc. (I) 14,079 594,979
Salesforce.com, Inc. (I) 9,912 1,132,743
Symantec Corp. (I) 54,845 893,974
 
    29,303,243
    146,475,685
Materials - 3.27%    
Chemicals - 2.07%    
Air Products & Chemicals, Inc. 15,591 1,190,685
Airgas, Inc. 4,979 317,760
CF Industries Holdings, Inc. 5,249 647,674
E.I. du Pont de Nemours & Company 68,213 2,726,474
Eastman Chemical Company 5,135 351,902
Ecolab, Inc. (L) 16,968 829,566
FMC Corp. 5,233 361,914
International Flavors & Fragrances, Inc. 5,916 332,598
Monsanto Company 39,093 2,347,144
PPG Industries, Inc. 11,535 815,063
Praxair, Inc. 22,103 2,066,188
Sigma-Aldrich Corp. (L) 8,930 551,785
The Dow Chemical Company 86,406 1,940,679
The Mosaic Company 20,742 1,015,736
The Sherwin-Williams Company 6,445 478,992
 
    15,974,160
Construction Materials - 0.03%    
Vulcan Materials Company (L) 9,417 259,533
Containers & Packaging - 0.12%    
Ball Corp. 11,964 371,123
Bemis Company, Inc. (L) 7,564 221,701
Owens-Illinois, Inc. (I)(L) 11,962 180,865
Sealed Air Corp. 11,681 195,073
 
    968,762
Metals & Mining - 0.91%    
AK Steel Holding Corp. (L) 8,019 52,444
Alcoa, Inc. 77,845 744,977
Allegheny Technologies, Inc. 7,741 286,340
Cliffs Natural Resources, Inc. 10,681 546,547
Freeport-McMoRan Copper & Gold, Inc. 69,338 2,111,342
Newmont Mining Corp. 36,149 2,273,772

 

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Metals & Mining (continued)    
Nucor Corp. 23,152 $ 732,529
Titanium Metals Corp. (L) 6,115 91,603
United States Steel Corp. (L) 10,486 230,797
 
    7,070,351
Paper & Forest Products - 0.14%    
International Paper Company 31,974 743,396
MeadWestvaco Corp. 12,486 306,656
 
    1,050,052
 
    25,322,858
Telecommunication Services - 3.20%    
Diversified Telecommunication Services - 2.89%    
AT&T, Inc. 433,488 12,363,078
CenturyLink, Inc. 45,092 1,493,447
Frontier Communications Corp. (L) 72,589 443,519
Verizon Communications, Inc. 207,057 7,619,698
Windstream Corp. (L) 37,196 433,705
 
    22,353,447
Wireless Telecommunication Services - 0.31%    
American Tower Corp., Class A (I) 28,919 1,555,842
MetroPCS Communications, Inc. (I) 21,447 186,803
Sprint Nextel Corp. (I)(L) 219,045 665,897
 
    2,408,542
 
    24,761,989
Utilities - 3.86%    
Electric Utilities - 2.10%    
American Electric Power Company, Inc. 35,278 1,341,270
Duke Energy Corp. (L) 97,421 1,947,446
Edison International 23,833 911,612
Entergy Corp. 12,932 857,262
Exelon Corp. (L) 48,476 2,065,562
FirstEnergy Corp. 30,593 1,373,932
Nextera Energy, Inc. 30,894 1,668,894
Northeast Utilities 12,894 433,883
Pepco Holdings, Inc. 16,467 311,556
Pinnacle West Capital Corp. 7,951 341,416
PPL Corp. 42,262 1,206,157
Progress Energy, Inc. 21,550 1,114,566
Southern Company 62,737 2,658,167
 
    16,231,723
Gas Utilities - 0.09%    
Nicor, Inc. 3,313 182,248
ONEOK, Inc. 7,574 500,187
 
    682,435
Independent Power Producers & Energy Traders - 0.18%  
Constellation Energy Group, Inc. 14,728 560,548
NRG Energy, Inc. (I) 17,585 372,978
The AES Corp. (I) 47,912 467,621
 
    1,401,147
Multi-Utilities - 1.49%    
Ameren Corp. 17,678 526,274
CenterPoint Energy, Inc. 31,151 611,183
CMS Energy Corp. 18,406 364,255
Consolidated Edison, Inc. (L) 21,424 1,221,596
Dominion Resources, Inc. 41,638 2,113,961
DTE Energy Company 12,352 605,495
Integrys Energy Group, Inc. 5,673 275,821
NiSource, Inc. (L) 20,527 438,867
PG&E Corp. 29,424 1,244,929
Public Service Enterprise Group, Inc. 37,008 1,234,957

 

11

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

500 Index Trust B (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Multi-Utilities (continued)    
SCANA Corp. (L) 8,400 $ 339,780
Sempra Energy 17,523 902,435
TECO Energy, Inc. (L) 15,781 270,329
Wisconsin Energy Corp. 17,049 533,463
Xcel Energy, Inc. 35,445 875,137
 
    11,558,482
    29,873,787
TOTAL COMMON STOCKS (Cost $781,136,799) $ 753,649,008
 
WARRANTS - 0.00%    
Financials - 0.00%    
American International Group, Inc. (Expiration    
Date: 01/19/2021; Strike Price: $45.00) (I) 1 6
TOTAL WARRANTS (Cost $17) $ 6
 
SECURITIES LENDING COLLATERAL - 3.79%    
John Hancock Collateral    
Investment Trust, 0.2515% (W)(Y) 2,924,201 29,257,220
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $29,255,940) $ 29,257,220
 
SHORT-TERM INVESTMENTS - 2.13%    
Repurchase Agreement - 2.13%    
Repurchase Agreement with State Street Corp.    
dated 09/30/2011 at 0.010% to be    
repurchased at $16,488,014 on 10/03/2011,    
collateralized by $13,205,000 U.S. Treasury    
Notes, 4.250% due 11/15/2040 (valued at    
$16,819,869, including interest) $ 16,488,000 $ 16,488,000
TOTAL SHORT-TERM INVESTMENTS (Cost $16,488,000) $ 16,488,000
Total Investments (500 Index Trust B)    
(Cost $826,880,756) - 103.36% $ 799,394,234
Other assets and liabilities, net - (3.36%)   (25,964,568)
TOTAL NET ASSETS - 100.00% $ 773,429,666
 
 
 
Active Bond Trust    
  Shares or  
  Principal  
  Amount Value
 
 
U.S. GOVERNMENT & AGENCY    
OBLIGATIONS - 34.04%    
U.S. Government - 8.39%    
U.S. Treasury Bonds 4.375%, 05/15/2041 $ 15,270,000 $ 19,789,004
U.S. Treasury Notes    
0.375%, 06/30/2013 8,000,000 8,018,720
1.500%, 06/30/2016 to 08/31/2018 11,525,000 11,651,657
2.125%, 08/15/2021 (L) 53,715,000 54,755,997
2.250%, 07/31/2018 4,000,000 4,225,936
2.750%, 02/28/2018 3,000,000 3,272,814
3.125%, 05/15/2021 1,055,000 1,172,865
U.S. Treasury Strips, PO, Bond 1.194%,    
11/15/2030 4,985,000 2,815,443
 
    105,702,436
U.S. Government Agency - 25.65%    
Federal Home Loan Mortgage Corp.    
4.000%, 09/01/2040 7,445,219 7,802,623
4.500%, 09/01/2023 1,889,715 2,009,874

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal Home Loan Mortgage Corp. (continued)    
5.000%, 07/01/2035 to 03/01/2041 $ 2,226,025 $ 2,392,210
6.500%, 06/01/2037 to 04/01/2039   2,328,102 2,573,555
Federal National Mortgage Association      
2.351%, 08/01/2034 (P)   2,176,473 2,283,906
2.496%, 07/01/2033 (P)   52,773 54,666
3.500%,   10,000,000 10,276,876
4.000%, TBA   32,500,000 34,103,713
4.000%, 09/01/2040 to 10/01/2040   14,169,341 14,904,473
4.500%, TBA   53,500,000 56,765,185
5.000%, TBA   14,000,000 15,058,611
5.000%, 05/01/2018 to 04/01/2041   54,612,133 58,842,817
5.500%, 02/01/2018 to 11/01/2039   48,824,984 53,215,339
6.000%, 05/01/2035 to 07/01/2038   29,260,213 32,272,930
6.500%, 02/01/2036 to 06/01/2039   12,770,927 14,105,325
7.000%, 12/01/2012 to 06/01/2032   922,275 1,023,374
7.500%, 09/01/2029 to 08/01/2031   140,124 160,875
Government National      
Mortgage Association      
4.000%, TBA   7,500,000 8,022,632
5.000%, 04/15/2035   2,561,303 2,822,912
5.500%, 03/15/2035   2,482,465 2,757,257
6.000%, 03/15/2033 to 06/15/2033   1,061,575 1,186,533
6.500%, 09/15/2028 to 08/15/2031   241,028 270,073
7.000%, 04/15/2029   82,564 94,859
8.000%, 10/15/2026 to 05/15/2029   109,158 126,227
 
      323,126,845
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $418,546,649)   $ 428,829,281
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 0.63%      
Argentina - 0.21%      
Republic of Argentina      
Zero Coupon 12/15/2035 (B)(Z) ARS 19,532,033 668,873
1.180%, 12/31/2038 (P)   8,797,621 920,560
5.830%, 12/31/2033 (P)   3,617,497 1,083,959
 
      2,673,392
Germany - 0.12%      
Federal Republic of Germany      
6.250%, 01/04/2030 EUR 725,000 1,488,177
Japan - 0.07%      
Government of Japan      
1.500%, 09/20/2014 JPY 68,650,000 923,931
Mexico - 0.13%      
Government of Mexico      
8.000%, 12/19/2013 to 12/07/2023 MXN 20,193,300 1,587,452
Panama - 0.06%      
Republic of Panama      
8.875%, 09/30/2027 $ 344,000 491,920
9.375%, 04/01/2029   130,000 195,325
 
      687,245
Peru - 0.01%      
Republic of Peru      
9.875%, 02/06/2015   111,000 135,809
United Kingdom - 0.03%      
Government of United Kingdom      
6.000%, 12/07/2028 GBP 85,000 184,608

 

12

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
United Kingdom (continued)      
Government of United Kingdom (continued)      
8.000%, 12/07/2015 GBP 125,000 $ 249,643
      434,251
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $6,838,592)   $ 7,930,257
 
CORPORATE BONDS - 39.23%      
Consumer Discretionary - 4.91%      
Allison Transmission, Inc.      
7.125%, 05/15/2019 (S) $ 980,000 886,900
AMC Entertainment, Inc.      
8.000%, 03/01/2014   1,295,000 1,249,675
8.750%, 06/01/2019   470,000 461,775
American Standard Americas      
10.750%, 01/15/2016 (S)   220,000 167,200
Arcos Dorados Holdings, Inc.      
10.250%, 07/13/2016 (S) BRL 620,000 323,145
Burlington Coat Factory Warehouse Corp.      
10.000%, 02/15/2019 (S) $ 1,530,000 1,300,500
Cablevision Systems Corp.      
8.625%, 09/15/2017   335,000 348,819
CBS Corp.      
7.875%, 07/30/2030   1,535,000 1,941,622
CCH II LLC/CCH II Capital Corp.      
13.500%, 11/30/2016   692,732 789,714
CCM Merger, Inc.      
8.000%, 08/01/2013 (S)   1,250,000 1,181,250
CCO Holdings LLC/CCO Holdings      
Capital Corp.      
8.125%, 04/30/2020   390,000 405,600
Cinemark USA, Inc.      
7.375%, 06/15/2021   490,000 463,050
8.625%, 06/15/2019   445,000 458,350
Comcast Corp.      
6.550%, 07/01/2039   1,000,000 1,163,960
CSC Holdings, Inc.      
7.875%, 02/15/2018   1,050,000 1,102,500
Darden Restaurants, Inc.      
6.800%, 10/15/2037   1,665,000 2,017,580
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
6.350%, 03/15/2040   680,000 759,225
Downstream Development Authority of      
the Quapaw Tribe of Oklahoma      
10.500%, 07/01/2019 (S)   700,000 659,750
Exide Technologies      
8.625%, 02/01/2018   735,000 683,550
Expedia, Inc.      
5.950%, 08/15/2020   1,405,000 1,413,620
Ford Motor Credit Company LLC      
5.000%, 05/15/2018   1,130,000 1,092,634
5.875%, 08/02/2021   1,125,000 1,120,589
Greektown Superholdings, Inc.      
13.000%, 07/01/2015   1,728,000 1,745,280
Grupo Televisa SAB      
6.625%, 01/15/2040   810,000 854,550
Hillman Group, Inc.      
10.875%, 06/01/2018   640,000 633,600
10.875%, 06/01/2018 (S)   145,000 143,550
Hyundai Capital Services, Inc.      
4.375%, 07/27/2016 (S)   815,000 825,258
6.000%, 05/05/2015 (S)   960,000 1,037,345

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Hyva Global BV      
8.625%, 03/24/2016 (S) $ 735,000 $ 580,650
Jacobs Entertainment, Inc.      
9.750%, 06/15/2014   1,525,000 1,490,688
Kabel BW Erste Beteiligungs GmbH      
7.500%, 03/15/2019 (S)   805,000 782,863
Kia Motors Corp.      
3.625%, 06/14/2016 (S)   810,000 806,234
Levi Strauss & Company      
7.625%, 05/15/2020   1,215,000 1,129,950
Limited Brands, Inc.      
6.625%, 04/01/2021   855,000 861,413
Little Traverse Bay Bands of Odawa      
Indians      
9.000%, 08/31/2020 (S)   819,000 663,390
Mohegan Tribal Gaming Authority      
7.125%, 08/15/2014   960,000 480,000
News America Holdings, Inc.      
6.750%, 01/09/2038   108,000 124,277
7.750%, 12/01/2045   491,000 598,273
News America, Inc.      
6.150%, 03/01/2037 to 02/15/2041   1,130,000 1,202,582
6.400%, 12/15/2035   390,000 423,290
6.650%, 11/15/2037   1,000,000 1,101,747
Palace Entertainment      
Holdings LLC/Palace Entertainment      
Holdings Corp.      
8.875%, 04/15/2017 (S)   615,000 562,725
Regal Cinemas Corp.      
8.625%, 07/15/2019   325,000 330,688
Regal Entertainment Group      
9.125%, 08/15/2018   275,000 272,250
ROC Finance LLC/ROC Finance 1 Corp.      
12.125%, 09/01/2018 (S)   990,000 999,900
Sears Holdings Corp.      
6.625%, 10/15/2018   485,000 400,125
Seminole Indian Tribe of Florida      
6.535%, 10/01/2020 (S)   1,525,000 1,461,377
7.750%, 10/01/2017 (S)   830,000 834,150
Simmons Foods, Inc.      
10.500%, 11/01/2017 (S)   655,000 566,575
Target Corp.      
6.500%, 10/15/2037   1,800,000 2,354,737
Time Warner Cable, Inc.      
6.550%, 05/01/2037   1,930,000 2,151,558
6.750%, 07/01/2018   2,990,000 3,482,982
Time Warner Companies, Inc.      
7.570%, 02/01/2024   1,716,000 2,110,915
Time Warner Entertainment Company LP      
8.375%, 07/15/2033   1,520,000 1,986,233
Time Warner, Inc.      
7.625%, 04/15/2031   451,000 564,086
Toys R Us Property Company II LLC      
8.500%, 12/01/2017   380,000 370,500
UBM PLC      
5.750%, 11/03/2020 (S)   750,000 802,474
Viacom, Inc.      
6.125%, 10/05/2017   1,500,000 1,708,565
6.875%, 04/30/2036   805,000 961,494
Visteon Corp.      
6.750%, 04/15/2019 (S)   560,000 504,000
Waterford Gaming LLC      
8.625%, 09/15/2014 (S)   757,511 266,528
XM Satellite Radio, Inc.      
13.000%, 08/01/2013 (S)   1,225,000 1,372,000

 

13

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Yum! Brands, Inc.      
6.250%, 03/15/2018 $ 715,000 $ 846,140
6.875%, 11/15/2037   1,130,000 1,484,599
 
      61,870,549
Consumer Staples - 1.98%      
Alliance One International, Inc.      
10.000%, 07/15/2016   1,460,000 1,204,500
Anheuser-Busch Companies, Inc.      
5.750%, 04/01/2036   1,000,000 1,212,726
6.500%, 02/01/2043   540,000 721,306
ARAMARK Corp.      
8.500%, 02/01/2015   1,100,000 1,113,750
B&G Foods, Inc.      
7.625%, 01/15/2018   580,000 598,850
Bunge Ltd. Finance Corp.      
4.100%, 03/15/2016   530,000 544,668
8.500%, 06/15/2019   1,000,000 1,247,350
Corp. Pesquera Inca SAC      
9.000%, 02/10/2017 (S)   885,000 885,000
CVS Caremark Corp. (6.302% to      
06/01/2012, then 3 month      
LIBOR + 2.065%)      
06/01/2037   1,970,000 1,905,975
CVS Pass-Through Trust      
8.353%, 07/10/2031 (S)   1,279,355 1,587,846
Del Monte Foods Company      
7.625%, 02/15/2019 (S)   620,000 523,900
Hypermarcas SA      
6.500%, 04/20/2021 (S)   345,000 313,950
JBS Finance II, Ltd.      
8.250%, 01/29/2018 (S)   875,000 721,875
Kraft Foods, Inc.      
6.125%, 02/01/2018   1,105,000 1,298,357
Kroger Company      
7.000%, 05/01/2018   2,105,000 2,603,940
Lorillard Tobacco Company      
3.500%, 08/04/2016   385,000 385,786
6.875%, 05/01/2020   765,000 849,388
Reddy Ice Corp.      
11.250%, 03/15/2015   1,035,000 944,438
Revlon Consumer Products Corp.      
9.750%, 11/15/2015   990,000 1,037,025
SABMiller PLC      
6.500%, 07/15/2018 (S)   1,715,000 2,064,471
Safeway, Inc.      
6.350%, 08/15/2017   820,000 949,271
Tesco PLC      
6.150%, 11/15/2037 (S)   900,000 1,113,571
Yankee Candle Company, Inc.      
8.500%, 02/15/2015   1,180,000 1,132,800
 
      24,960,743
Energy - 4.39%      
Alpha Natural Resources, Inc.      
6.000%, 06/01/2019   325,000 303,063
6.250%, 06/01/2021   700,000 653,625
Anadarko Petroleum Corp.      
6.450%, 09/15/2036   1,000,000 1,060,205
Arch Coal, Inc.      
7.000%, 06/15/2019 (S)   405,000 384,750
7.250%, 06/15/2021 (S)   690,000 664,125
BP Capital Markets PLC      
4.750%, 03/10/2019   2,000,000 2,212,024

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy (continued)      
Cameron International Corp.      
5.950%, 06/01/2041 $ 1,178,000 $ 1,323,888
Chesapeake Energy Corp.      
6.125%, 02/15/2021   1,218,000 1,227,135
CNOOC Finance 2003, Ltd.      
5.500%, 05/21/2033 (S)   545,000 632,076
DCP Midstream LLC      
9.750%, 03/15/2019 (S)   1,095,000 1,458,561
Devon Energy Corp.      
4.000%, 07/15/2021   1,000,000 1,043,581
Devon Financing Corp. ULC      
7.875%, 09/30/2031   874,000 1,226,538
Drummond Company, Inc.      
7.375%, 02/15/2016   1,095,000 1,108,688
Duke Capital LLC      
6.750%, 02/15/2032   589,000 693,565
El Paso Pipeline Partners      
Operating Company LLC      
5.000%, 10/01/2021   500,000 501,618
6.500%, 04/01/2020   740,000 815,586
Enbridge Energy Partners LP      
7.500%, 04/15/2038   600,000 758,291
Energy Transfer Partners LP      
4.650%, 06/01/2021   1,000,000 950,629
6.625%, 10/15/2036   1,000,000 1,030,145
9.700%, 03/15/2019   895,000 1,109,124
Enersis SA      
7.375%, 01/15/2014   633,000 689,866
Enterprise Products Operating LLC      
6.650%, 04/15/2018   1,500,000 1,772,729
6.875%, 03/01/2033   471,000 555,694
Enterprise Products Operating LLC      
(7.000% to 06/01/2017, then 3 month      
LIBOR + 2.778%)      
06/01/2067   1,585,000 1,525,563
EV Energy Partners LP/EV Energy      
Finance Corp.      
8.000%, 04/15/2019 (S)   1,035,000 998,775
GS Caltex Corp.      
5.500%, 08/25/2014 (S)   471,000 501,346
Hess Corp.      
5.600%, 02/15/2041   1,500,000 1,622,580
Kerr-McGee Corp.      
6.950%, 07/01/2024   2,055,000 2,405,854
Kinder Morgan Energy Partners LP      
5.800%, 03/15/2035   402,000 409,136
7.300%, 08/15/2033   603,000 718,244
7.750%, 03/15/2032   535,000 670,016
Kinder Morgan Finance Company ULC      
5.700%, 01/05/2016   1,650,000 1,654,125
Linn Energy LLC/Linn Energy      
Finance Corp.      
8.625%, 04/15/2020   515,000 530,450
Marathon Oil Corp.      
6.800%, 03/15/2032   785,000 935,066
Marathon Petroleum Corp.      
6.500%, 03/01/2041 (S)   730,000 789,463
MarkWest Energy Partners LP/MarkWest      
Energy Finance Corp.      
6.500%, 08/15/2021   1,250,000 1,281,250
McMoRan Exploration Company      
11.875%, 11/15/2014   735,000 757,050
Newfield Exploration Company      
5.750%, 01/30/2022   905,000 894,819

 

14

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy (continued)      
Nexen, Inc.      
5.875%, 03/10/2035 $ 598,000 $ 586,271
6.400%, 05/15/2037   775,000 790,487
Niska Gas Storage US LLC/Niska Gas      
Storage Canada ULC      
8.875%, 03/15/2018   1,015,000 1,004,850
NuStar Logistics LP      
7.650%, 04/15/2018   1,215,000 1,450,687
ONEOK Partners LP      
6.650%, 10/01/2036   1,435,000 1,672,439
Petro-Canada      
6.050%, 05/15/2018   1,445,000 1,680,265
Precision Drilling Corp.      
6.625%, 11/15/2020   775,000 755,625
Spectra Energy Capital LLC      
6.200%, 04/15/2018   900,000 1,017,774
Talisman Energy, Inc.      
6.250%, 02/01/2038   1,025,000 1,157,206
TransCanada Pipelines, Ltd. (6.350% to      
05/15/2017, then 3 month      
LIBOR + 2.210%)      
05/15/2067   1,800,000 1,793,522
Transocean, Inc.      
6.800%, 03/15/2038   1,350,000 1,400,408
Trinidad Drilling, Ltd.      
7.875%, 01/15/2019 (S)   680,000 676,600
Weatherford International, Ltd.      
6.500%, 08/01/2036   1,200,000 1,260,530
Williams Partners LP/Williams Partners      
Finance Corp.      
7.250%, 02/01/2017   1,915,000 2,222,199
 
      55,338,106
Financials - 15.15%      
Abbey National Treasury Services PLC      
4.000%, 04/27/2016   1,000,000 923,705
Affinion Group Holdings, Inc.      
11.625%, 11/15/2015   655,000 504,350
Aflac, Inc.      
6.900%, 12/17/2039   640,000 658,348
8.500%, 05/15/2019   1,075,000 1,309,985
Alfa Bank OJSC      
7.750%, 04/28/2021 (S)   380,000 324,900
Allied World Assurance Company, Ltd.      
7.500%, 08/01/2016   505,000 573,884
American Express Bank FSB      
6.000%, 09/13/2017   1,585,000 1,783,753
American Express Company      
7.000%, 03/19/2018   1,090,000 1,290,802
American International Group, Inc.      
5.850%, 01/16/2018   100,000 99,168
6.400%, 12/15/2020   1,000,000 1,020,127
Aries Vermogensverwaltung GmbH      
9.600%, 10/25/2014   750,000 930,000
Assurant, Inc.      
5.625%, 02/15/2014   461,000 482,908
Astoria Depositor Corp., Series B      
8.144%, 05/01/2021 (S)   2,245,000 1,998,050
AvalonBay Communities, Inc.      
5.700%, 03/15/2017   1,500,000 1,685,739
AXA SA (6.379% to 12/14/2036, then      
3 month LIBOR + 2.256%)      
12/14/2036 (Q)(S)   735,000 503,475

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
AXA SA (6.463% to 12/14/2018, then      
3 month LIBOR + 1.449%)      
12/14/2018 (Q)(S) $ 1,440,000 $ 1,004,400
Banco de Credito del Peru      
4.750%, 03/16/2016 (S)   455,000 439,075
Banco Santander Chile      
5.375%, 12/09/2014 (S)   295,000 309,237
Bank of America Corp.      
3.625%, 03/17/2016   1,250,000 1,138,574
5.000%, 05/13/2021   6,500,000 5,807,133
6.500%, 08/01/2016   815,000 809,828
7.625%, 06/01/2019   1,065,000 1,119,926
Bank of America NA      
5.300%, 03/15/2017   390,000 352,475
6.000%, 10/15/2036   1,015,000 929,078
Barclays Bank PLC      
5.140%, 10/14/2020   760,000 617,111
6.050%, 12/04/2017 (S)   775,000 711,897
BB&T Corp.      
3.200%, 03/15/2016   500,000 510,994
BBVA Bancomer SA      
6.500%, 03/10/2021 (S)   1,250,000 1,153,125
Bosphorus Financial Services, Ltd.      
2.086%, 02/15/2012 (S)   266,875 266,164
Boston Properties LP      
6.250%, 01/15/2013   191,000 201,114
BPCE SA (12.500% to 09/30/2019, then      
3 month LIBOR + 12.980%)      
09/30/2019 (Q)(S)   718,000 696,675
Brandywine Operating Partnership LP      
7.500%, 05/15/2015   945,000 1,024,275
BRE Properties, Inc.      
5.500%, 03/15/2017   1,506,000 1,622,906
BTA Bank JSC (Recovery Units)      
07/01/2020 (I)(S)   760,544 19,014
Camden Property Trust      
5.000%, 06/15/2015   804,000 858,554
Capital One Financial Corp.      
6.150%, 09/01/2016   1,655,000 1,754,280
6.750%, 09/15/2017   930,000 1,055,516
Chubb Corp. (6.375% until 04/15/2017,      
then 3 month LIBOR + 2.250%)      
03/29/2067   825,000 799,219
Citigroup, Inc.      
5.375%, 08/09/2020   1,500,000 1,556,100
5.850%, 12/11/2034   945,000 914,426
6.125%, 11/21/2017   1,895,000 2,026,500
CNA Financial Corp.      
6.500%, 08/15/2016   2,030,000 2,182,171
7.250%, 11/15/2023   1,400,000 1,538,972
CNO Financial Group, Inc.      
9.000%, 01/15/2018 (S)   975,000 1,009,125
CommonWealth REIT      
6.650%, 01/15/2018   1,155,000 1,283,681
Credit Suisse AG (3 month      
LIBOR + 0.690% to 05/15/2017, then      
3 month LIBOR + 1.690%)      
05/15/2017 (Q)   1,865,000 1,217,230
Credit Suisse New York      
4.375%, 08/05/2020   1,380,000 1,337,227
5.300%, 08/13/2019   1,110,000 1,122,786
Crown Castle Towers LLC      
4.883%, 08/15/2020 (S)   1,895,000 1,974,997
6.113%, 01/15/2020 (S)   1,070,000 1,204,192

 

15

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
DDR Corp.      
7.500%, 04/01/2017 $ 1,590,000 $ 1,679,406
Dexus Property Group      
7.125%, 10/15/2014 (S)   1,435,000 1,596,199
Discover Bank      
7.000%, 04/15/2020   725,000 769,402
Discover Financial Services      
10.250%, 07/15/2019   1,570,000 1,902,334
Dresdner Bank AG      
7.250%, 09/15/2015   627,000 586,611
Duke Realty LP      
6.750%, 03/15/2020   1,330,000 1,382,865
8.250%, 08/15/2019   730,000 837,131
ERP Operating LP      
5.125%, 03/15/2016   1,000,000 1,073,439
5.750%, 06/15/2017   1,730,000 1,933,784
First Tennessee Bank NA      
5.050%, 01/15/2015   980,000 1,010,256
General Electric Capital Corp.      
0.766%, 08/15/2036 (P)   1,820,000 1,420,315
4.375%, 09/16/2020   935,000 952,743
5.300%, 02/11/2021   575,000 597,340
5.625%, 05/01/2018   1,435,000 1,570,374
5.875%, 01/14/2038   1,010,000 1,037,731
5.900%, 05/13/2014   2,000,000 2,187,300
6.000%, 08/07/2019   980,000 1,104,461
Glen Meadow Pass-Through Trust      
(6.505% to 02/15/2017, then 3 month      
LIBOR +2.125%)      
02/12/2067 (S)   2,140,000 1,492,650
Goodman Funding Pty, Ltd.      
6.375%, 04/15/2021 (S)   1,680,000 1,730,205
GTP Acquisition Partners I LLC      
4.347%, 06/15/2016 (S)   1,105,000 1,111,269
7.628%, 06/15/2016 (S)   825,000 800,641
GTP Towers Issuer LLC      
8.112%, 02/15/2015 (S)   2,290,000 2,356,026
Harley-Davidson Funding Corp.      
5.750%, 12/15/2014 (S)   410,000 447,325
Hartford Financial Services Group, Inc.      
4.625%, 07/15/2013   417,000 423,930
6.300%, 03/15/2018   610,000 631,177
6.625%, 03/30/2040   1,090,000 1,023,023
HCP, Inc.      
3.750%, 02/01/2016   1,000,000 988,834
6.450%, 06/25/2012   648,000 666,796
Health Care REIT, Inc.      
4.950%, 01/15/2021   1,040,000 1,000,315
6.000%, 11/15/2013   755,000 789,168
6.125%, 04/15/2020   1,795,000 1,874,366
6.200%, 06/01/2016   1,180,000 1,268,814
Healthcare Realty Trust, Inc.      
5.750%, 01/15/2021   1,000,000 979,594
6.500%, 01/17/2017   1,300,000 1,404,265
ICICI Bank, Ltd.      
5.750%, 11/16/2020 (S)   1,245,000 1,172,628
Jefferies Group, Inc.      
5.125%, 04/13/2018   1,000,000 937,469
6.875%, 04/15/2021   830,000 863,237
8.500%, 07/15/2019   1,190,000 1,324,947
JPMorgan Chase & Company      
3.700%, 01/20/2015   770,000 789,352
5.600%, 07/15/2041   1,475,000 1,544,887
6.000%, 01/15/2018   2,090,000 2,329,828
6.300%, 04/23/2019   1,000,000 1,132,640

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
JPMorgan Chase & Company (7.900% to      
04/30/2018, then 3 month      
LIBOR + 3.470%)      
04/30/2018 (Q) $ 1,345,000 $ 1,385,363
Kazkommertsbank JSC      
8.500%, 04/16/2013   350,000 336,000
Kimco Realty Corp.      
6.875%, 10/01/2019   1,455,000 1,662,813
Liberty Mutual Group, Inc.      
7.800%, 03/15/2037 (S)   1,620,000 1,417,500
Lincoln National Corp.      
8.750%, 07/01/2019   1,570,000 1,862,923
Lincoln National Corp. (6.050% to      
04/20/17, then 3 month      
LIBOR + 2.040%)      
04/20/2067   1,370,000 1,109,700
Lloyds TSB Bank PLC      
5.800%, 01/13/2020 (S)   730,000 694,971
6.375%, 01/21/2021   1,165,000 1,150,112
Lloyds TSB Group PLC (6.413% to      
10/01/2035, then 3 month      
LIBOR + 1.496%)      
10/01/2035 (I)(Q)(S)   520,000 228,800
Mack-Cali Realty LP      
7.750%, 08/15/2019   935,000 1,109,794
Macquarie Bank, Ltd.      
6.625%, 04/07/2021 (S)   685,000 644,371
Macquarie Group, Ltd.      
6.000%, 01/14/2020 (S)   920,000 873,387
Merrill Lynch & Company, Inc.      
6.220%, 09/15/2026   450,000 381,235
6.875%, 04/25/2018   1,875,000 1,877,531
7.750%, 05/14/2038   610,000 567,879
MetLife, Inc.      
10.750%, 08/01/2039   400,000 500,000
Morgan Stanley      
3.800%, 04/29/2016   2,000,000 1,844,994
5.500%, 07/28/2021   385,000 357,109
5.750%, 01/25/2021   2,855,000 2,630,286
5.950%, 12/28/2017   1,265,000 1,227,593
6.625%, 04/01/2018   470,000 466,730
7.300%, 05/13/2019   1,375,000 1,418,535
MPT Operating Partnership LP/MPT      
Finance Corp.      
6.875%, 05/01/2021 (S)   605,000 574,750
National City Bank      
0.703%, 06/07/2017 (P)   1,525,000 1,396,334
Nationstar Mortgage/Nationstar      
Capital Corp.      
10.875%, 04/01/2015   1,180,000 1,180,000
Nationwide Mutual Insurance Company      
(5.810% to 12/15/2014, then 3 month      
LIBOR + 2.290%)      
12/15/2024 (S)   1,130,000 1,109,869
Nelnet, Inc. (7.400% to 09/29/2011, then      
3 month LIBOR + 3.375%)      
09/29/2036   630,000 535,500
Oil Casualty Insurance, Ltd.      
8.000%, 09/15/2034 (S)   1,127,000 1,212,855
Post Apartment Homes LP      
4.750%, 10/15/2017   485,000 510,730
ProLogis LP      
4.500%, 08/15/2017   1,250,000 1,177,075
7.625%, 08/15/2014   1,041,000 1,134,575

 

16

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Rabobank Nederland NV (11.000% to      
06/30/2019, then 3 month      
LIBOR + 10.868%)      
06/30/2019 (Q)(S) $ 1,652,000 $ 1,986,530
Realogy Corp.      
7.875%, 02/15/2019 (S)   560,000 422,800
Realty Income Corp.      
5.950%, 09/15/2016   1,530,000 1,689,085
Regions Financial Corp.      
0.528%, 06/26/2012 (P)   695,000 681,712
7.750%, 11/10/2014   1,200,000 1,197,000
Santander Holdings USA, Inc.      
4.625%, 04/19/2016   315,000 303,650
Santander Issuances SA (6.500% to      
11/15/2014, then 3 month      
LIBOR + 3.920%)      
08/11/2019 (S)   840,000 775,370
Simon Property Group LP      
10.350%, 04/01/2019   980,000 1,312,246
SL Green Realty Corp./SL Green      
Operating Partnership      
7.750%, 03/15/2020   490,000 554,494
Symetra Financial Corp.      
6.125%, 04/01/2016 (S)   1,650,000 1,741,900
Teachers Insurance & Annuity Association      
of America      
6.850%, 12/16/2039 (S)   1,630,000 2,002,453
Textron Financial Corp. (6.000% to      
02/15/2017, then 3 month      
LIBOR + 1.735%)      
02/15/2067 (S)   2,660,000 1,995,000
The Bear Stearns Companies LLC      
7.250%, 02/01/2018   455,000 536,878
The Chuo Mitsui Trust & Banking      
Company, Ltd. (5.506% to 4/15/2015,      
then 3 month LIBOR + 2.490%)      
04/15/2015 (Q)(S)   2,405,000 2,405,000
The Goldman Sachs Group, Inc.      
5.250%, 07/27/2021   5,275,000 5,211,357
5.375%, 03/15/2020   2,200,000 2,187,550
5.950%, 01/18/2018   725,000 747,154
6.150%, 04/01/2018   2,005,000 2,079,837
6.750%, 10/01/2037   2,585,000 2,369,551
7.500%, 02/15/2019   1,360,000 1,519,302
The Hanover Insurance Group, Inc.      
6.375%, 06/15/2021   385,000 404,142
The Royal Bank of Scotland PLC      
4.875%, 03/16/2015   1,000,000 979,573
Tomkins LLC/Tomkins, Inc.      
9.000%, 10/01/2018 (S)   333,000 341,325
Transatlantic Holdings, Inc.      
5.750%, 12/14/2015   1,555,000 1,660,011
Unum Group      
7.125%, 09/30/2016   960,000 1,106,896
UnumProvident Finance Company PLC      
6.850%, 11/15/2015 (S)   1,540,000 1,727,535
USB Realty Corp. (6.091% to 01/15/2012,      
then 3 month LIBOR + 1.147%)      
01/15/2012 (Q)(S)   1,810,000 1,312,250
Ventas Realty LP/Ventas Capital Corp.      
4.750%, 06/01/2021   1,025,000 985,809
Vornado Realty LP      
4.250%, 04/01/2015   2,665,000 2,764,850
W.R. Berkley Corp.      
5.600%, 05/15/2015   830,000 839,039

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
W.R. Berkley Corp. (continued)      
6.150%, 08/15/2019 $ 699,000 $ 763,054
Wachovia Bank NA      
5.850%, 02/01/2037   1,050,000 1,093,640
6.600%, 01/15/2038   875,000 1,004,898
Wachovia Corp.      
5.750%, 06/15/2017   1,005,000 1,132,209
Washington Mutual Bank      
01/15/2015 (H)   1,070,000 1,070
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
6.750%, 09/02/2019 (S)   755,000 839,921
Weyerhaeuser Company      
7.375%, 03/15/2032   1,785,000 1,783,574
Willis Group Holdings PLC      
5.750%, 03/15/2021   900,000 940,708
Willis North America, Inc.      
7.000%, 09/29/2019   1,280,000 1,482,470
 
      190,843,405
Health Care - 1.11%      
Alere, Inc.      
7.875%, 02/01/2016   1,010,000 954,450
8.625%, 10/01/2018   495,000 447,975
BioScrip, Inc.      
10.250%, 10/01/2015   825,000 825,000
Catalent Pharma Solutions, Inc., PIK      
9.500%, 04/15/2015   1,007,813 919,629
Cigna Corpcigna Corp.      
4.500%, 03/15/2021   1,100,000 1,141,217
Community Health Systems, Inc.      
8.875%, 07/15/2015   1,175,000 1,154,438
Endo Pharmaceuticals Holdings, Inc.      
7.250%, 01/15/2022 (S)   1,000,000 1,002,500
Gentiva Health Services, Inc.      
11.500%, 09/01/2018   190,000 151,050
HCA, Inc.      
7.500%, 02/15/2022   965,000 890,213
Medco Health Solutions, Inc.      
7.125%, 03/15/2018   1,280,000 1,553,080
Teva Pharmaceutical Finance      
Company LLC      
6.150%, 02/01/2036   1,680,000 2,092,361
UnitedHealth Group, Inc.      
5.800%, 03/15/2036   540,000 627,328
Valeant Pharmaceuticals International, Inc.      
6.750%, 10/01/2017 (S)   215,000 198,069
6.875%, 12/01/2018 (S)   830,000 751,150
WellPoint, Inc.      
6.375%, 06/15/2037   1,000,000 1,217,169
 
      13,925,629
Industrials - 3.31%      
Aircastle, Ltd.      
9.750%, 08/01/2018   570,000 587,100
America West Airlines 2000-1 Pass      
Through Trust      
8.057%, 07/02/2020   545,884 545,884
Asciano Finance, Ltd.      
4.625%, 09/23/2020 (S)   470,000 458,646
Bombardier, Inc.      
7.750%, 03/15/2020 (S)   715,000 761,475
Coleman Cable, Inc.      
9.000%, 02/15/2018   505,000 492,375

 

17

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Colt Defense LLC/Colt Finance Corp.      
8.750%, 11/15/2017 $ 625,000 $ 414,063
Continental Airlines 1998-1 Class A Pass      
Through Trust      
6.648%, 09/15/2017   500,803 500,803
Continental Airlines 1999-1 Class A Pass      
Through Trust      
6.545%, 02/02/2019   327,131 330,402
Continental Airlines 2000-2 Class B Pass      
Through Trust      
8.307%, 04/02/2018   318,441 308,887
Continental Airlines 2007-1 Class A Pass      
Through Trust      
5.983%, 04/19/2022   1,216,917 1,223,001
Continental Airlines 2010-1 Class A Pass      
Through Trust      
4.750%, 01/12/2021   395,000 379,200
CSX Corp.      
7.375%, 02/01/2019   1,540,000 1,953,299
Delta Air Lines 2002-1 Class G-1 Pass      
Through Trust      
6.718%, 01/02/2023   1,646,661 1,626,077
Delta Air Lines 2007-1 Class A Pass      
Through Trust      
6.821%, 08/10/2022   1,505,118 1,516,406
Delta Air Lines 2010-1 Class A Pass      
Through Trust      
6.200%, 07/02/2018   627,272 646,090
Delta Air Lines 2011-1 Class A Pass      
Through Trust      
5.300%, 04/15/2019   960,000 940,800
Delta Air Lines, Inc.      
9.500%, 09/15/2014 (S)   768,000 791,040
Ducommun, Inc.      
9.750%, 07/15/2018 (S)   180,000 180,000
Embraer Overseas, Ltd.      
6.375%, 01/15/2020   965,000 1,047,025
Garda World Security Corp.      
9.750%, 03/15/2017 (S)   350,000 357,000
Huntington Ingalls Industries, Inc.      
7.125%, 03/15/2021 (S)   765,000 709,538
International Lease Finance Corp.      
7.125%, 09/01/2018 (S)   825,000 828,094
Kratos Defense & Security Solutions, Inc.      
10.000%, 06/01/2017   755,000 751,225
Lockheed Martin Corp.      
3.350%, 09/15/2021   1,540,000 1,527,223
Masco Corp.      
7.125%, 03/15/2020   825,000 800,400
Navios Maritime Holdings, Inc./Navios      
Maritime Finance II U.S., Inc.      
8.125%, 02/15/2019 (S)   600,000 501,000
Navios South American      
Logistics, Inc./Navios Logistics Finance      
U.S., Inc.      
9.250%, 04/15/2019 (S)   825,000 719,813
Northwest Airlines 2002-1 Class G-2 Pass      
Through Trust      
6.264%, 11/20/2021   1,419,415 1,398,124
Northwest Airlines 2007-1 Class A Pass      
Through Trust      
7.027%, 11/01/2019   905,968 899,173
Odebrecht Finance, Ltd.      
7.000%, 04/21/2020 (S)   710,000 740,175
7.500%, 09/14/2015 (Q)(S)   230,000 223,388

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Pentair, Inc.      
5.000%, 05/15/2021 $ 780,000 $ 815,759
Steelcase, Inc.      
6.375%, 02/15/2021   1,250,000 1,340,588
Textron, Inc.      
5.600%, 12/01/2017   1,295,000 1,366,990
The Hertz Corp.      
6.750%, 04/15/2019   1,625,000 1,474,688
TransDigm, Inc.      
7.750%, 12/15/2018   1,285,000 1,307,488
Tutor Perini Corp.      
7.625%, 11/01/2018   865,000 739,575
Tyco Electronics Group SA      
6.550%, 10/01/2017   945,000 1,111,615
U.S. Airways 2010-1 Class A Pass      
Through Trust      
6.250%, 04/22/2023   1,070,000 963,000
Union Pacific Corp.      
4.163%, 07/15/2022 (S)   1,137,000 1,215,378
United Air Lines 2007-1 Class C Pass      
Through Trust, Series 2007-1, Class C      
2.647%, 07/02/2014   1,393,733 1,268,297
United Air Lines 2009-1 Pass      
Through Trust      
10.400%, 11/01/2016   490,925 530,199
United Air Lines 2009-2A Pass      
Through Trust      
9.750%, 01/15/2017   1,102,784 1,207,549
Voto-Votorantim Overseas Trading      
Operations NV      
6.625%, 09/25/2019 (S)   1,210,000 1,197,900
Voto-Votorantim, Ltd.      
6.750%, 04/05/2021 (S)   1,230,000 1,211,550
Waste Management, Inc.      
7.750%, 05/15/2032   625,000 858,267
Western Express, Inc.      
12.500%, 04/15/2015 (S)   1,310,000 877,700
 
      41,644,269
Information Technology - 0.36%      
Brightstar Corp.      
9.500%, 12/01/2016 (S)   1,485,000 1,514,700
Equinix, Inc.      
8.125%, 03/01/2018   545,000 573,613
Hewlett-Packard Company      
4.375%, 09/15/2021   790,000 803,772
Vangent, Inc.      
9.625%, 02/15/2015   1,600,000 1,668,000
 
      4,560,085
Materials - 2.58%      
Alcoa, Inc.      
5.400%, 04/15/2021   675,000 655,003
5.720%, 02/23/2019   560,000 562,669
Allegheny Technologies, Inc.      
5.950%, 01/15/2021   375,000 395,205
9.375%, 06/01/2019   805,000 1,014,409
American Pacific Corp.      
9.000%, 02/01/2015   655,000 605,875
ArcelorMittal      
6.125%, 06/01/2018   530,000 512,168
6.750%, 03/01/2041   725,000 627,859
9.850%, 06/01/2019   960,000 1,088,883
Braskem America Finance Company      
7.125%, 07/22/2041 (S)   935,000 853,188

 

18

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Materials (continued)      
Braskem Finance, Ltd.      
7.000%, 05/07/2020 (S) $ 2,405,000 $ 2,441,075
Building Materials Corp. of America      
6.750%, 05/01/2021 (S)   600,000 570,000
Cliffs Natural Resources, Inc.      
6.250%, 10/01/2040   755,000 737,038
Commercial Metals Company      
7.350%, 08/15/2018   820,000 834,922
Corporacion Nacional del Cobre de Chile      
5.500%, 10/15/2013 (S)   481,000 514,606
Fufeng Group, Ltd.      
7.625%, 04/13/2016 (S)   900,000 630,000
Georgia-Pacific LLC      
5.400%, 11/01/2020 (S)   2,065,000 2,103,605
7.250%, 06/01/2028   430,000 479,679
Gerdau Trade, Inc.      
5.750%, 01/30/2021 (S)   885,000 838,538
Graphic Packaging International, Inc.      
7.875%, 10/01/2018   260,000 266,500
9.500%, 06/15/2017   560,000 599,200
Incitec Pivot Finance LLC      
6.000%, 12/10/2019 (S)   880,000 968,870
International Paper Company      
9.375%, 05/15/2019   955,000 1,168,590
JMC Steel Group      
8.250%, 03/15/2018 (S)   475,000 446,500
Mercer International, Inc.      
9.500%, 12/01/2017   180,000 176,850
Metinvest BV      
8.750%, 02/14/2018 (S)   1,145,000 955,159
Polymer Group, Inc.      
7.750%, 02/01/2019 (S)   285,000 284,288
Pretium Packaging LLC/Pretium      
Finance, Inc.      
11.500%, 04/01/2016 (S)   420,000 411,600
Rain CII Carbon LLC/CII Carbon Corp.      
8.000%, 12/01/2018 (S)   1,425,000 1,425,000
Rio Tinto Alcan, Inc.      
5.000%, 06/01/2015   339,000 367,395
Severstal Columbus LLC      
10.250%, 02/15/2018   320,000 326,400
SunCoke Energy, Inc.      
7.625%, 08/01/2019 (S)   665,000 650,038
Taseko Mines, Ltd.      
7.750%, 04/15/2019   320,000 297,600
Teck Resources, Ltd.      
6.250%, 07/15/2041   390,000 410,003
10.750%, 05/15/2019   591,000 734,318
Temple-Inland, Inc.      
6.625%, 01/15/2018   1,935,000 2,144,543
Thompson Creek Metals Company, Inc.      
7.375%, 06/01/2018 (S)   395,000 355,500
U.S. Corrugated, Inc.      
10.000%, 06/12/2013   570,000 582,825
Vale Overseas, Ltd.      
6.875%, 11/10/2039   865,000 929,875
Verso Paper Holdings LLC/Verso      
Paper, Inc.      
8.750%, 02/01/2019   270,000 186,300
Vulcan Materials Company      
7.500%, 06/15/2021   325,000 303,581
Westvaco Corp.      
7.950%, 02/15/2031   1,970,000 2,227,258

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials (continued)      
Winsway Coking Coal Holding, Ltd.      
8.500%, 04/08/2016 (S) $ 1,230,000 $ 836,400
 
      32,519,315
Telecommunication Services - 2.13%      
America Movil SAB de CV      
5.000%, 03/30/2020   975,000 1,029,600
AT&T, Inc.      
5.350%, 09/01/2040   580,000 607,910
5.550%, 08/15/2041   1,640,000 1,770,447
6.450%, 06/15/2034   217,000 250,265
Axtel SAB de CV      
9.000%, 09/22/2019 (S)   465,000 390,600
BellSouth Corp.      
6.000%, 11/15/2034   2,000,000 2,181,782
6.550%, 06/15/2034   1,580,000 1,836,023
Brasil Telecom SA      
9.750%, 09/15/2016 (S) BRL 2,010,000 972,796
British Telecommunications PLC      
5.950%, 01/15/2018 $ 1,715,000 1,909,083
CenturyLink, Inc.      
6.450%, 06/15/2021   775,000 719,082
7.600%, 09/15/2039   780,000 702,986
Deutsche Telekom International      
Finance BV      
8.750%, 06/15/2030   1,358,000 1,814,718
Embarq Corp.      
7.995%, 06/01/2036   1,280,000 1,203,246
Frontier Communications Corp.      
8.500%, 04/15/2020   1,445,000 1,401,650
NII Capital Corp.      
8.875%, 12/15/2019   1,025,000 1,068,563
10.000%, 08/15/2016   600,000 661,500
PAETEC Holding Corp.      
9.875%, 12/01/2018   936,000 980,460
SBA Telecommunications, Inc.      
8.000%, 08/15/2016   470,000 492,325
SBA Tower Trust      
5.101%, 04/15/2017 (S)   1,200,000 1,305,000
Sprint Capital Corp.      
6.875%, 11/15/2028   750,000 560,625
Telecom Italia Capital SA      
7.200%, 07/18/2036   970,000 888,458
7.721%, 06/04/2038   665,000 635,290
Verizon Communications, Inc.      
6.900%, 04/15/2038   1,715,000 2,217,480
West Corp.      
11.000%, 10/15/2016   1,160,000 1,194,800
 
      26,794,689
Utilities - 3.31%      
Allegheny Energy Supply Company LLC      
5.750%, 10/15/2019 (S)   1,230,000 1,314,754
Appalachian Power Company      
5.800%, 10/01/2035   1,961,000 2,228,867
Arizona Public Service Company      
5.500%, 09/01/2035   1,118,000 1,214,793
Beaver Valley II Funding      
9.000%, 06/01/2017   1,504,000 1,614,108
BVPS II Funding Corp.      
8.890%, 06/01/2017   717,000 845,216
CenterPoint Energy Houston Electric LLC      
6.950%, 03/15/2033   535,000 706,814

 

19

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Cia de Saneamento Basico do Estado de      
Sao Paulo      
6.250%, 12/16/2020 (S) $ 790,000 $ 786,050
CMS Energy Corp.      
6.250%, 02/01/2020   1,820,000 1,878,367
Commonwealth Edison Company      
5.800%, 03/15/2018   1,180,000 1,375,360
Dolphin Subsidiary II, Inc.      
7.250%, 10/15/2021 (S)   1,460,000 1,463,650
Exelon Generation Company LLC      
6.250%, 10/01/2039   925,000 1,077,710
FirstEnergy Corp.      
6.450%, 11/15/2011   21,000 21,114
Integrys Energy Group, Inc. (6.110% to      
12/01/2016, then 3 month      
LIBOR + 2.120%)      
12/01/2066   1,655,000 1,586,731
Ipalco Enterprises, Inc.      
5.000%, 05/01/2018 (S)   1,160,000 1,061,400
Israel Electric Corp., Ltd.      
7.250%, 01/15/2019 (S)   1,845,000 1,964,912
ITC Holdings Corp.      
5.500%, 01/15/2020 (S)   1,060,000 1,210,418
Michigan Consolidated Gas Company      
5.700%, 03/15/2033   736,000 881,462
Midwest Generation LLC, Series B      
8.560%, 01/02/2016   1,002,684 987,644
Nevada Power Company      
6.650%, 04/01/2036   2,330,000 3,097,465
NiSource Finance Corp.      
6.400%, 03/15/2018   1,672,000 1,948,596
6.800%, 01/15/2019   1,000,000 1,167,716
NRG Energy, Inc.      
7.625%, 01/15/2018 (S)   980,000 911,400
8.250%, 09/01/2020   925,000 874,125
NV Energy, Inc.      
6.250%, 11/15/2020   650,000 679,407
PNM Resources, Inc.      
9.250%, 05/15/2015   1,100,000 1,212,750
PNPP II Funding Corp.      
9.120%, 05/30/2016   635,000 695,090
PPL Capital Funding, Inc. (6.700% to      
03/30/2017, then 3 month      
LIBOR + 2.665%)      
03/30/2067   1,340,000 1,279,700
PPL Energy Supply LLC      
6.500%, 05/01/2018   1,000,000 1,170,965
PSEG Power LLC      
8.625%, 04/15/2031   736,000 1,022,256
Salton Sea Funding Corp., Series F      
7.475%, 11/30/2018   612,529 671,571
SPI Electricity & Gas Australia      
Holdings Pty, Ltd.      
6.150%, 11/15/2013 (S)   798,000 855,839
TransAlta Corp.      
6.650%, 05/15/2018   2,157,000 2,505,228
W3A Funding Corp.      
8.090%, 01/02/2017   397,111 397,405
Wisconsin Energy Corp. (6.250% to      
05/15/2017, then 3 month      
LIBOR + 2.113%)      
05/15/2067   1,045,000 1,043,694
 
      41,752,577
TOTAL CORPORATE BONDS (Cost $474,531,362) $ 494,209,367

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CAPITAL PREFERRED SECURITIES - 1.14%    
Financials - 1.14%      
Allfirst Preferred Capital Trust ,      
1.749%, 07/15/2029 (P) $ 1,025,000 $ 891,923
Aon Corp. , 8.205%, 01/01/2027   900,000 1,048,587
Fifth Third Capital Trust IV (6.500% to      
04/15/2017 then 3 month      
LIBOR + 1.368%) 04/15/2037   2,150,000 2,042,715
MetLife Capital Trust X (9.250% to      
04/08/2038 then 3 month      
LIBOR + 5.540%) 04/08/2038 (S)   465,000 523,125
PNC Financial Services Group, Inc. ,      
6.750%, 08/01/2021 (P)(Q)   545,000 521,963
PNC Preferred Funding Trust III (8.700%      
to 03/15/2013, then 3 month      
LIBOR + 5.226%) 03/15/2013 (Q)(S)   2,130,000 2,193,048
Regions Financing Trust II (6.625% to      
5/15/2027, then 3 month LIBOR      
1.290%) 05/15/2047   415,000 336,150
Schwab Capital Trust I (7.500% to      
11/15/2017, then 3 month      
LIBOR + 2.375%) 11/15/2037   890,000 893,774
Sovereign Capital Trust VI ,      
7.908%, 06/13/2036   390,000 390,000
State Street Capital Trust III ,      
5.337%, 12/15/2011 (P)(Q)   1,360,000 1,360,068
State Street Capital Trust IV,      
1.347%, 06/15/2037 (P)   2,485,000 1,702,705
SunTrust Preferred Capital I (5.853% to      
12/15/2011, then 3 month      
LIBOR + 0.645%) 12/15/2011 (Q)   425,000 320,875
USB Capital IX ,      
3.500%, 10/21/2011 (P)(Q)   1,745,000 1,230,242
ZFS Finance USA Trust II (6.450% to      
06/15/2016 then 3 month      
LIBOR + 2.000%) 12/15/2065 (S)   965,000 849,200
 
      14,304,375
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $14,978,806)   $ 14,304,375
 
CONVERTIBLE BONDS - 0.08%      
Industrials - 0.05%      
US Airways Group, Inc.      
7.250%, 05/15/2014   430,000 622,963
Consumer Discretionary - 0.03%      
XM Satellite Radio, Inc.      
7.000%, 12/01/2014 (S)   320,000 372,800
TOTAL CONVERTIBLE BONDS (Cost $775,463) $ 995,763
 
TERM LOANS - 0.38%      
Financials - 0.04%      
iStar Financial, Inc. 7.000%, 06/30/2014   570,000 539,465
Consumer Discretionary - 0.34%      
CCM Merger, Inc. 7.000%, 03/01/2017   481,240 463,795
Chrysler Group LLC 6.000%, 05/24/2017   1,246,875 1,091,536
East Valley Tourist Development      
Authority 12.000%, 08/06/2012   787,076 582,436
Kalispel Tribal Economic Authority      
7.500%, 02/22/2017   1,582,792 1,471,997
Vertis, Inc. 11.750%, 12/31/2015   873,653 629,030
 
      4,238,794
TOTAL TERM LOANS (Cost $5,471,183)   $ 4,778,259

 

20

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS - 0.68%      
California - 0.06%      
State of California 7.600%, 11/01/2040 $ 595,000 $ 743,613
District of Columbia - 0.37%      
George Washington University      
5.095%, 09/15/2032 (P)   4,485,000 4,687,632
Illinois - 0.04%      
State of Illinois 5.100%, 06/01/2033   510,000 468,476
New Jersey - 0.21%      
New Jersey State Turnpike Authority      
7.414%, 01/01/2040   1,885,000 2,680,319
TOTAL MUNICIPAL BONDS (Cost $7,609,428) $ 8,580,040
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 15.51%      
Commercial & Residential - 13.44%      
American Home Mortgage Assets,      
Series 2006-6, Class XP IO      
2.357%, 12/25/2046   10,868,860 652,941
American Home Mortgage      
Investment Trust, Series 2004-4,      
Class 5A 2.429%, 02/25/2045 (P)   2,002,998 1,704,499
American Tower Trust      
Series 2007-1A, Class C,      
5.615%, 04/15/2037 (S)   1,705,000 1,810,347
Series 2007-1A, Class D,      
5.957%, 04/15/2037 (S)   1,970,000 2,105,696
Americold LLC Trust, Series 2010-ARTA,      
Class D 7.443%, 01/14/2029 (S)   1,550,000 1,553,433
Banc of America      
Commercial Mortgage, Inc.      
Series 2005-5, Class XC IO,      
0.091%, 10/10/2045 (S)   250,840,143 922,841
Series 2005-2, Class AJ,      
4.953%, 07/10/2043 (P)   2,524,154 2,378,944
Series 2006-4, Class AM,      
5.675%, 07/10/2046   1,550,000 1,446,967
Series 2006-3, Class A4,      
5.889%, 07/10/2044 (P)   2,250,000 2,426,461
Series 2006-2, Class AM,      
5.956%, 05/10/2045 (P)   1,550,000 1,533,841
Banc of America Large Loan, Inc.      
Series 2006-BIX1, Class C,      
0.409%, 10/15/2019 (P)(S)   3,467,279 3,462,546
Series 2005-MIB1, Class B,      
0.489%, 03/15/2022 (P)(S)   5,345,000 5,257,738
Series 2005-MIB1, Class E,      
0.629%, 03/15/2022 (P)(S)   1,320,000 1,231,526
Banc of America Merrill Lynch      
Commercial Mortgage, Inc.,      
Series 2005-5, Class AJ      
5.328%, 10/10/2045 (P)   650,000 581,193
Bear Stearns Alt-A Trust      
Series 2004-12 1A1,      
0.585%, 01/25/2035 (P)   1,888,510 1,604,491
Series 2005-3, Class B2,      
2.495%, 04/25/2035 (P)   992,950 26,135
Bear Stearns Asset Backed Securities, Inc.      
Series 2004-AC5, Class A1,      
5.250%, 10/25/2034   289,822 283,288
Series 2003-AC4, Class A,      
5.500%, 09/25/2033   290,146 298,270

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Bear Stearns Commercial      
Mortgage Securities, Inc.      
Series 2004-T16, Class X1 IO,      
0.341%, 02/13/2046 (S) $ 24,804,358 $ 384,492
Series 2004-PWR5, Class X1 IO,      
0.345%, 07/11/2042 (S)   24,155,744 425,238
Series 2006-T24, Class AY IO,      
0.604%, 10/12/2041 (S)   124,414,252 1,092,855
Series 2006-PW14, Class D,      
5.412%, 12/11/2038 (S)   2,130,000 787,889
Bear Stearns Mortgage Funding Trust,      
Series 2006-AR4, Class A1      
0.445%, 12/25/2036 (P)   1,438,187 780,465
Citigroup Commercial Mortgage Trust,      
Series 2006-C4, Class A3      
5.922%, 03/15/2049 (P)   2,414,000 2,628,602
Citigroup Mortgage Loan Trust, Inc.,      
Series 2005-1, Class 2B1      
2.414%, 04/25/2035 (P)   673,824 16,746
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2005-CD1,      
Class C 5.398%, 07/15/2044 (P)   1,000,000 672,750
Commercial Mortgage Pass Through      
Certificates, Series 2007-C9, Class A4      
6.008%, 12/10/2049 (P)   3,475,000 3,751,989
Commercial Mortgage Pass Through      
Certivicates, Series 2011-THL, Class A      
3.376%, 06/09/2028 (S)   2,000,000 1,983,050
Countrywide Home Loan Mortgage Pass      
Through Trust, Series 2005-12,      
Class 2A5 5.500%, 05/25/2035   427,685 417,910
Countrywide Home Loan Mortgage Pass      
Through Trust, Series 2004-HYB2,      
Class 4A 2.616%, 07/20/2034 (P)   3,192,333 2,957,380
Credit Suisse First Boston      
Mortgage Securities Corp.      
Series 2005-C1, Class AX IO,      
0.239%, 02/15/2038 (S)   46,081,283 408,372
Series 2004-C4, Class A4,      
4.283%, 10/15/2039   51,976 52,095
Extended Stay America Trust,      
Series 2010-ESHA, Class B      
4.221%, 11/05/2027 (S)   1,000,000 961,805
First Horizon Alternative Mortgage      
Securities, Series 2004-AA5, Class B1      
2.330%, 12/25/2034 (P)   701,911 80,556
FREMF Mortgage Trust      
Series 2011, Class K11,      
4.569%, 12/25/2048 (P)(S)   875,000 774,714
Series 2011-K10, Class B,      
4.756%, 11/25/2049 (P)(S)   1,000,000 900,360
G-Force LLC, Series 2005-RR2,      
Class A4B 5.422%, 12/25/2039 (S)   2,060,000 526,747
GE Capital Commercial Mortgage Corp.      
Series 2005-C1, Class XC IO,      
0.340%, 06/10/2048 (S)   67,379,335 822,679
Series 2005-C1, Class XP IO,      
0.644%, 06/10/2048   115,171,385 261,324
Series 2005-C3, Class AJ,      
5.065%, 07/10/2045 (P)   1,500,000 1,325,783
Series 2002-2A, Class A3,      
5.349%, 08/11/2036   735,191 748,886

 

21

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
GMAC Mortgage Loan Trust,      
Series 2004-AR2, Class 3A      
3.162%, 08/19/2034 (P) $ 2,251,917 $ 1,985,880
Greenwich Capital      
Commercial Funding Corp.      
Series 2005-GG3, Class XC IO,      
0.566%, 08/10/2042 (S)   140,141,411 2,206,246
Series 2007-GG9, Class C,      
5.554%, 03/10/2039 (P)   1,695,000 808,574
Series 2006-GG7, Class AM,      
6.074%, 07/10/2038 (P)   1,555,000 1,454,905
GS Mortgage Securities Corp. II      
Series 2005-GG4, Class XC IO,      
0.382%, 07/10/2039 (S)   89,803,872 1,446,561
Series 2006-GG8, Class X IO,      
0.842%, 11/10/2039 (S)   49,480,115 1,135,321
Series 2011-GC3, Class X IO,      
1.336%, 03/10/2044 (S)   24,228,116 1,434,571
Series ALF, Class XA1 IO,      
3.566%, 02/10/2021 (S)   14,243,842 861,864
Series 2011-ALF, Class D,      
4.209%, 02/10/2021 (S)   1,500,000 1,422,900
GSR Mortgage Loan Trust      
Series 2005-AR6, Class 3A1,      
2.722%, 09/25/2035 (P)   1,345,089 1,140,131
Series 2004-9, Class B1,      
3.112%, 08/25/2034 (P)   1,550,874 566,751
Harborview Mortgage Loan Trust      
Series 2007-6, Class ES IO,      
0.342%, 08/19/2037 (S)   31,339,168 202,138
Series 2007-3, Class ES IO,      
0.350%, 05/19/2047   37,356,010 246,550
Series 2007-4, Class ES IO,      
0.350%, 07/19/2047   46,694,365 254,017
Series 2004-11, Class X1 IO,      
2.084%, 01/19/2035   11,844,617 837,244
Series 2005-11, Class X IO,      
2.245%, 08/19/2045   6,796,490 305,432
Series 2004-7, Class 2A3,      
2.283%, 11/19/2034 (P)   480,645 293,938
Series 2005-8, Class 1X IO,      
2.301%, 09/19/2035   12,645,609 610,698
IndyMac Index Mortgage Loan Trust      
Series 2005-AR18, Class 2X IO,      
1.776%, 10/25/2036   30,074,648 1,611,700
Series 2005-AR18, Class 1X IO,      
2.113%, 10/25/2036   18,787,145 1,037,990
Series 2005-AR5, Class B1,      
2.599%, 05/25/2035 (P)   990,731 10,529
Series 2004-AR13, Class B1,      
5.296%, 01/25/2035   971,638 84,844
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2006-LDP8, Class X IO,      
0.744%, 05/15/2045   85,330,578 1,782,812
Series 2011-C3A, Class XA IO,      
1.541%, 02/16/2046 (S)   27,411,759 1,922,030
Series 2011-C4, Class XA,      
1.811%, 07/15/2046 (P)(S)   48,593,530 3,900,651
Series 2005-LDP3, Class A4B,      
4.996%, 08/15/2042 (P)   2,390,000 2,402,504
Series 2007-LDPX, Class A2S,      
5.305%, 01/15/2049   2,325,000 2,337,860

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
JPMorgan Chase Commercial Mortgage      
Securities Corp. (continued)      
Series 2005-LDP5, Class A4,      
5.372%, 12/15/2044 (P) $ 5,990,000 $ 6,567,232
Series 2005-PDP5, Class AM,      
5.414%, 12/15/2044 (P)   2,000,000 2,026,552
Series 2006-LDP8, Class AM,      
5.440%, 05/15/2045   1,700,000 1,642,761
Series 2007-CB18, Class A4,      
5.440%, 06/12/2047   2,990,000 3,107,504
Series 2006-LDP8, Class A3B,      
5.447%, 05/15/2045   4,530,000 4,733,075
Series 2005-LDP5, Class G,      
5.527%, 12/15/2044 (P)(S)   500,000 330,184
Series 2006-LDP7, Class AM,      
6.072%, 04/15/2045 (P)   2,430,000 2,337,145
JPMorgan Mortgage Trust,      
Series 2006-A7, Class 2A5      
4.441%, 01/25/2037 (P)   561,537 24,340
LB-UBS Commercial Mortgage Trust      
Series 2005-C1, Class XCL IO,      
0.466%, 02/15/2040 (S)   34,673,593 693,090
Series 2005-C2, Class AJ,      
5.205%, 04/15/2030 (P)   1,000,000 889,266
Series 2006-C6, Class AM,      
5.413%, 09/15/2039   2,805,000 2,674,870
Series 2007-C2, Class A3,      
5.430%, 02/15/2040   2,410,000 2,476,793
Series 2007-C1, Class AM,      
5.455%, 02/15/2040   2,185,000 1,933,177
Series 2006-C4, Class A4,      
6.067%, 06/15/2038 (P)   1,502,000 1,649,110
Master Adjustable Rate Mortgages Trust      
Series 2004-8, Class 5A1,      
2.635%, 08/25/2034 (P)   2,654,381 2,339,821
Series 2004-13, Class 2A1,      
2.716%, 04/21/2034 (P)   1,332,063 1,250,229
Merrill Lynch Mortgage Trust      
Series 2005-CIP1, Class XC IO,      
0.175%, 07/12/2038 (S)   242,306,214 1,163,797
Series 2005-CIP1, Class XP IO,      
0.292%, 07/12/2038   120,843,092 500,895
Series 2006-C2, Class X IO,      
0.552%, 08/12/2043 (S)   96,363,228 1,402,760
Series 2008-C1, Class X IO,      
0.678%, 02/12/2051 (S)   53,104,474 1,107,547
Series 2004-KEY2, Class A4,      
4.864%, 08/12/2039 (P)   1,588,012 1,677,790
Series 2005-LC1, Class AJ,      
5.500%, 01/12/2044 (P)   1,000,000 887,730
Merrill Lynch/Countrywide Commercial      
Mortgage Trust, Series 2006-2,      
Class A4 6.097%, 06/12/2046 (P)   2,985,000 3,305,285
MLCC Mortgage Investors, Inc.      
Series 2005-A, Class A1,      
0.465%, 03/25/2030 (P)   104,749 87,233
Series 2006-3, Class 2A1,      
2.646%, 10/25/2036 (P)   2,180,314 1,951,486
Series 2007-3, Class M3,      
5.329%, 09/25/2037 (P)   239,712 73,783
Series 2007-3, Class M2,      
5.329%, 09/25/2037 (P)   370,399 208,641
Series 2007-3, Class M1,      
5.329%, 09/25/2037 (P)   983,805 603,613

 

22

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Morgan Stanley Capital I      
Series 2005-T17, Class X1 IO,      
0.312%, 12/13/2041 (S) $ 64,867,357 $ 762,710
Series 2005-IQ9, Class X1 IO,      
0.496%, 07/15/2056 (S)   31,341,274 952,367
Series 2007-SRR3, Class A,      
0.531%, 12/20/2049 (P)(S)   3,000,000 60,000
Series 2007-SRR3, Class B,      
0.631%, 12/20/2049 (P)(S)   3,000,000 30,000
Series 2011-C3, Class XA IO,      
1.540%, 07/15/2049 (S)   22,264,100 1,493,670
Series 2007-IQ13, Class A4,      
5.364%, 03/15/2044   3,030,000 3,218,951
Series 2008-HQ8, Class AM,      
5.647%, 03/12/2044 (P)   2,715,000 2,687,551
Series 2006-T23, Class A4,      
5.991%, 08/12/2041 (P)   1,469,000 1,651,629
Multi Security Asset Trust,      
Series 2005-RR4A, Class F      
5.880%, 11/28/2035 (P)(S)   580,000 261,000
Provident Funding Mortgage Loan Trust,      
Series 2005-1, Class B1      
2.668%, 05/25/2035 (P)   1,643,109 256,777
Residential Accredit Loans, Inc.      
Series 2005-QO4, Class X IO,      
2.453%, 12/25/2045   19,154,123 958,352
Series 2004-QS16, Class 1A1,      
5.500%, 12/25/2034   399,149 403,730
Sequoia Mortgage Trust, Series 2005-3,      
Class A1 0.431%, 05/20/2035 (P)   214,853 172,435
Structured Asset Securities Corp.      
Series 2003-6A, Class B1,      
2.650%, 03/25/2033 (P)   1,740,607 1,155,670
Series 1998-RF2, Class A,      
7.862%, 07/15/2027 (P)(S)   221,694 224,268
Thornburg Mortgage Securities Trust,      
Series 2004-1, Class II2A      
1.743%, 03/25/2044 (P)   2,207,646 1,856,864
Timberstar Trust, Series 2006-1A, Class A      
5.668%, 10/15/2036 (S)   2,300,000 2,571,473
Wachovia Bank      
Commercial Mortgage Trust      
Series 2005-C17, Class XC IO,      
0.164%, 03/15/2042 (S)   42,319,639 315,705
Series 2005-C19, Class AJ,      
4.793%, 05/15/2044   1,862,483 1,663,985
Series 2005-C16, Class D,      
5.044%, 10/15/2041 (P)   1,000,000 907,973
Series 2005-C16, Class E,      
5.153%, 10/15/2041 (P)(S)   2,500,000 2,188,575
WaMu Commercial Mortgage      
Securities Trust, Series 2007-SL3,      
Class A 6.110%, 03/23/2045 (P)(S)   1,862,718 1,851,121
WaMu Mortgage Pass      
Through Certificates      
Series 2005-AR6, Class B1,      
0.835%, 04/25/2045 (P)   4,045,989 514,265
Series 2005-AR13, Class B1,      
0.835%, 10/25/2045 (P)   3,622,796 581,513
Series 2005-AR19, Class B1,      
0.935%, 12/25/2045 (P)   2,127,169 292,852
Series 2006-AR4, Class 1A1B,      
1.182%, 05/25/2046 (P)   1,949,679 1,015,422

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
WaMu Mortgage Pass Through      
Certificates (continued)      
Series 2005-AR13, Class X IO,      
1.539%, 10/25/2045 $ 45,375,537 $ 2,217,679
Series 2005-AR6, Class X IO,      
1.586%, 04/25/2045   18,582,337 913,353
Series 2005-AR8, Class X IO,      
1.692%, 07/25/2045   19,980,134 940,379
Series 2005-AR12, Class 1A2,      
2.501%, 10/25/2035 (P)   664,370 622,117
Washington Mutual Mortgage Pass-      
Through, Series 2005-1, Class 6A1      
6.500%, 03/25/2035   636,581 611,220
Wells Fargo Mortgage      
Backed Securities Trust      
Series 2005-AR5, Class 1A1,      
5.104%, 04/25/2035 (P)   1,096,915 965,949
Series 2006-AR15, Class A3,      
5.345%, 10/25/2036 (P)   2,258,754 566,965
WF-RBS Commercial Mortgage Trust,      
Series 2011-C3, Class XA IO ,WF-RBS      
Commercial Mortgage Trust      
1.915%, 03/15/2044 (S)   26,680,961 2,435,225
 
      169,315,939
U.S. Government Agency - 2.07%      
Federal Home Loan Mortgage Corp.      
Series K011, Class X1 IO,      
0.537%, 11/25/2020   58,422,042 1,419,603
Series KAIV, Class X1 IO,      
1.414%, 06/25/2046   27,391,891 2,385,686
Series K014, Class X1 IO,      
1.455%, 04/25/2021   5,695,804 490,257
Series 3630, Class BI IO,      
4.000%, 05/15/2027   1,556,627 116,111
Series 3623, Class LI IO,      
4.500%, 01/15/2025   2,256,150 239,582
Series 3794, Class PI IO,      
4.500%, 02/15/2038   2,962,564 402,006
Series 3581, Class IO,      
6.000%, 10/15/2039   2,275,557 365,705
Series T-41, Class 3A,      
7.064%, 07/25/2032   133,527 154,001
Federal National Mortgage Association      
Series 2010-14, Class AI IO,      
4.000%, 08/25/2027   4,796,377 413,241
Series 2010-36, Class BI IO,      
4.000%, 03/25/2028   4,832,075 434,159
Series 402, Class 4 IO,      
4.000%, 10/25/2039   6,757,817 1,062,186
Series 402, Class 3 IO,      
4.000%, 11/25/2039   3,722,819 579,892
Series 2011-41, Class KA,      
4.000%, 01/25/2041   4,247,453 4,505,101
Series 2009-109, Class IW IO,      
4.500%, 04/25/2038   3,580,677 482,881
Series 398, Class C3 IO,      
4.500%, 05/25/2039   4,822,687 645,564
Series 401, Class C2 IO,      
4.500%, 06/25/2039   3,200,211 406,646
Series 402, Class 7 IO,      
4.500%, 11/25/2039   5,802,373 866,849
Series 2009-47, Class EI IO,      
5.000%, 08/25/2019   2,959,692 306,328

 

23

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal National Mortgage      
Association (continued)      
Series 407, Class 21 IO,      
5.000%, 01/25/2039 $ 3,541,861 $ 472,774
Series 2009-50, Class GI IO,      
5.000%, 05/25/2039   5,897,793 874,984
Series 2009-78, Class IB IO,      
5.000%, 06/25/2039   8,211,582 907,757
Series 407, Class 15 IO,      
5.000%, 01/25/2040   3,896,198 512,049
Series 407, Class 16 IO,      
5.000%, 01/25/2040   1,005,238 161,622
Series 407, Class 17 IO,      
5.000%, 01/25/2040   833,266 162,903
Series 407, Class 7 IO,      
5.000%, 03/25/2041   2,718,748 464,891
Series 407, Class 8 IO,      
5.000%, 03/25/2041   1,261,445 204,783
Series 2010-135, Class TS IO,      
5.785%, 12/25/2040   8,997,149 1,582,897
Series 2001-50, Class BA,      
7.000%, 10/25/2041   36,811 41,324
Series 2002-W3, Class A5,      
7.500%, 11/25/2041   207,295 240,569
Government National      
Mortgage Association      
Series 2010-78, Class AI IO,      
4.500%, 04/20/2039   5,136,415 622,639
Series 2010-162, Class MS IO,      
5.820%, 10/20/2039   9,731,613 1,363,940
Series 2010-147, Class SA IO,      
5.940%, 05/20/2040   9,474,599 1,576,236
Series 2010-85, Class SB IO,      
6.371%, 03/16/2040   8,848,326 1,672,031
 
      26,137,197
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $218,395,687)   $ 195,453,136
 
ASSET BACKED SECURITIES - 3.12%      
Aegis Asset Backed Securities Trust,      
Series 2004-3, Class A1      
0.595%, 09/25/2034 (P)   1,128,017 1,014,332
Amresco Residential Securities Mortgage      
Loan Trust, Series 1998-1, Class A6      
6.510%, 08/25/2027   11,392 11,459
Argent Securities, Inc., Series 2004-W1,      
Class M3 1.685%, 03/25/2034 (P)   367,115 136,402
Asset Backed Funding Certificates,      
Series 2005-HE1, Class M1      
0.655%, 03/25/2035 (P)   1,087,572 854,006
Bayview Financial Acquisition Trust,      
Series 2006-A, Class 2A3      
0.587%, 02/28/2041 (P)   872,347 755,054
Bravo Mortgage Asset Trust,      
Series 2006-1A, Class A2      
0.475%, 07/25/2036 (P)(S)   1,592,984 1,225,103
Capital Trust Re CDO, Ltd.,      
Series 2005-1A, Class E      
2.331%, 03/20/2050 (H)(P)(S)   834,000 8
Carrington Mortgage Loan Trust      
Series 2006-NC4, Class A5,      
0.295%, 10/25/2036 (P)   568,577 438,960

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
Carrington Mortgage Loan Trust (continued)    
Series 2005-OPT2, Class M2,      
0.685%, 05/25/2035 (P) $ 1,115,000 $ 978,184
Centex Home Equity, Series 2005-A,      
Class M4 1.035%, 01/25/2035 (P)   274,766 140,114
Centex Home Equity Loan Trust,      
Series 2004-D, Class AF4      
4.680%, 06/25/2032   770,868 730,826
Citigroup Mortgage Loan Trust,      
Series 2006-WFH3, Class A3      
0.385%, 10/25/2036 (P)   1,829,133 1,658,604
ContiMortgage Home Equity Loan Trust,      
Series 1995-2, Class A-5      
8.100%, 08/15/2025   13,393 13,298
Countrywide Asset-Backed Certificates,      
Series 2006-3, Class 2A2      
0.415%, 06/25/2036 (P)   814,844 641,385
Credit-Based Asset Servicing      
and Securitization LLC      
Series 2005-CB2, Class M1,      
0.675%, 04/25/2036 (P)   2,008,031 1,747,643
Series 2006-MH1, Class B1,      
6.250%, 10/25/2036 (S)   2,560,000 1,640,086
Crest, Ltd., Series 2002-IGA, Class A      
0.703%, 07/28/2017 (P)(S)   223,242 220,918
Dillon Read CMBS CDO, Ltd.,      
Series 2006-1A, Class A3      
1.031%, 12/05/2046 (H)(P)(S)   5,025,000 50
Dominos Pizza Master Issuer LLC      
Series 2007-1, Class A2,      
5.261%, 04/25/2037 (S)   1,445,000 1,459,450
Series 2007-1, Class M1,      
7.629%, 04/25/2037 (S)   1,740,000 1,774,800
Equity One ABS, Inc.      
Series 2004-1, Class M2,      
5.115%, 04/25/2034   255,216 134,811
Series 2004-1, Class M3,      
5.260%, 04/25/2034   303,746 81,098
Fremont Home Loan Trust, Series 2005-1,      
Class M3 0.745%, 06/25/2035 (P)   840,000 739,346
FUEL Trust, Series 2011-1      
4.207%, 04/15/2016 (S)   1,600,000 1,595,024
JER CDO, Series 2006-2A, Class FFL      
1.735%, 03/25/2045 (H)(P)(S)   2,000,000 20
Leaf Capital Funding SPE A LLC      
Series 2010-A, Class B,      
5.230%, 12/15/2020 (P)(S)   425,000 425,000
Series 2010-A, Class C,      
7.230%, 12/15/2020 (P)(S)   970,520 970,520
Series 2010-A, Class D,      
10.230%, 12/15/2020 (P)(S)   730,000 730,000
Series 2010-A, Class E1,      
14.730%, 12/15/2020 (P)(S)   867,027 867,027
Leaf II Receivables Funding LLC,      
Series 2011-1, Class A      
1.700%, 12/20/2018 (S)   1,039,322 1,017,289
LNR CDO, Ltd., Series 2006-1A,      
Class BFL      
0.787%, 05/28/2043 (H)(P)(S)   3,300,000 33
Long Beach Mortgage Loan Trust,      
Series 2004-1, Class M3      
1.285%, 02/25/2034 (P)   195,110 144,461
Master Asset Backed Securities Trust,      
Series 2007-HE2, Class A2      
0.935%, 08/25/2037 (P)   1,550,923 1,348,059

 

24

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
Merrill Lynch Mortgage Investors, Inc.      
Series 2005-HE2, Class A2C,      
0.605%, 09/25/2036 (P) $ 1,700,000 $ 1,446,311
Series 2005-WMC1, Class M1,      
0.735%, 09/25/2035 (P)   833,897 756,630
New Century Home Equity Loan Trust      
Series 2005-1, Class M1,      
0.685%, 03/25/2035 (P)   980,000 665,725
Series 2005-3, Class M1,      
0.715%, 07/25/2035 (P)   775,000 630,304
Novastar Home Equity Loan,      
Series 2004-4, Class M3      
1.315%, 03/25/2035 (P)   1,820,000 1,611,896
Option One Mortgage Loan Trust,      
Series 2004-1, Class M1      
1.135%, 01/25/2034 (P)   678,562 478,793
Park Place Securities, Inc.      
Series 2005-WCH1, Class M2,      
0.755%, 01/25/2036 (P)   2,275,000 2,061,004
Series 2004-WHQ2, Class M2,      
0.865%, 02/25/2035 (P)   2,355,000 1,815,446
Renaissance Home Equity Loan Trust      
Series 2005-2, Class AF3,      
4.499%, 08/25/2035   267,389 261,364
Series 2005-2, Class AF4,      
4.934%, 08/25/2035   310,000 243,450
Residential Asset Mortgage Products, Inc.      
Series 2004-RZ3, Class AI4,      
4.572%, 05/25/2033 (P)   160,428 140,770
Series 2004-RS9, Class AI-4,      
4.767%, 10/25/2032 (P)   192,354 162,287
Residential Asset Securities Corp.,      
Series 2005-KS4, Class M1      
0.645%, 05/25/2035 (P)   2,215,831 1,961,476
Sonic Capital LLC, Series 2011-1A,      
Class A2 5.438%, 05/20/2041 (S)   1,584,000 1,611,720
Structured Asset Securities Corp.,      
Series 2004-6XS, Class M1      
4.920%, 03/25/2034   607,663 345,783
Trapeza CDO LLC, Series 2007-12A,      
Class B 0.806%, 04/06/2042 (P)(S)   3,056,083 712,067
Wells Fargo Home Equity Trust,      
Series 2004-2, Class AI5      
4.890%, 05/25/2034 (P)   962,675 963,693
TOTAL ASSET BACKED SECURITIES (Cost $54,501,712) $ 39,362,089
 
COMMON STOCKS - 0.00%      
Consumer Discretionary - 0.00%      
Greektown Superholdings, Inc. (I)   821 50,902
Financials - 0.00%      
BTA Bank JSC, GDR (S)   1,781 9,617
TOTAL COMMON STOCKS (Cost $135,472) $ 60,519
 
PREFERRED SECURITIES - 0.46%      
Consumer Discretionary - 0.08%      
Greektown      
Superholdings, Inc., Series A (I) $ 16,024 $ 993,488
Consumer Staples - 0.15%      
Ocean Spray Cranberries, Inc.,      
Series A, 6.250% (S)   22,216 1,940,430
Energy - 0.05%      
Apache Corp., Series D, 6.000% (L)   11,569 591,986

 

Active Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
PREFERRED SECURITIES (continued)      
Financials - 0.18%      
Ally Financial, Inc., 7.300% $ 30,550 $ 614,361
Bank of America Corp., Series 8, 8.625%   25,000 552,250
Citigroup Capital XIII (7.875% to      
10-30-15, then      
3 month LIBOR + 6.370%)   10,400 274,664
GMAC Capital Trust I (8.125% to      
02/15/2016, then      
3 month LIBOR + 5.785%)   42,340 772,705
 
      2,213,980
TOTAL PREFERRED SECURITIES (Cost $6,759,426) $ 5,739,884
 
SECURITIES LENDING COLLATERAL - 0.87%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   1,092,725 10,932,938
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $10,932,185)   $ 10,932,938
 
SHORT-TERM INVESTMENTS - 14.33%    
Money Market Funds - 14.16%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0000% (Y) $ 178,425,521 $ 178,425,521
Repurchase Agreement - 0.17%      
Repurchase Agreement with State      
Street Corp. dated 09/30/2011 at      
0.010% to be repurchased at $2,171,002      
on 10/03/2011, collateralized by      
$2,200,000 U.S Treasury Notes 0.625%      
due 07/15/2014 (valued at $2,216,500,      
including interest)   2,171,000 2,171,000
TOTAL SHORT-TERM INVESTMENTS (Cost $180,596,521) $ 180,596,521
Total Investments (Active Bond Trust)      
(Cost $1,400,072,486) - 110.47%   $ 1,391,772,429
Other assets and liabilities, net - (10.47%)   (131,888,198)
 
TOTAL NET ASSETS - 100.00%   $ 1,259,884,231
 
SALE COMMITMENTS OUTSTANDING    
 
U.S. GOVERNMENT AGENCY - (0.10)%    
Federal National Mortgage Association      
4.000%, TBA   (1,165,000) (1,221,426)
TOTAL U.S. GOVERNMENT AGENCY (Cost $(1,217,152)) $ (1,221,426)
 
 
 
All Cap Core Trust      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 98.64%      
Consumer Discretionary - 13.01%      
Auto Components - 0.02%      
Standard Motor Products, Inc.   5,500 $ 71,335
Distributors - 0.06%      
Core-Mark Holding Company, Inc. (I)   5,900 180,717
Diversified Consumer Services - 0.14%      
American Public Education, Inc. (I)   3,100 105,400
Weight Watchers International, Inc.   5,900 343,675
 
      449,075

 

25

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

All Cap Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure - 2.63%    
Chipotle Mexican Grill, Inc. (I)(L) 1,300 $ 393,835
Domino’s Pizza, Inc. (I) 6,200 168,950
International Speedway Corp., Class A 1,800 41,112
Red Robin Gourmet Burgers, Inc. (I)(L) 5,700 137,313
Starbucks Corp. 115,500 4,306,995
Wynn Resorts, Ltd. 30,100 3,463,908
 
    8,512,113
Household Durables - 0.76%    
Blyth, Inc. 5,700 316,065
Tempur-Pedic International, Inc. (I) 40,600 2,135,966
 
    2,452,031
Internet & Catalog Retail - 1.31%    
Netflix, Inc. (I)(L) 1,000 113,160
priceline.com, Inc. (I) 9,200 4,135,032
 
    4,248,192
Leisure Equipment & Products - 0.83%    
Jakks Pacific, Inc. (L) 16,400 310,780
Polaris Industries, Inc. (L) 44,000 2,198,680
Sturm Ruger & Company, Inc. (L) 7,000 181,860
 
    2,691,320
Media - 2.95%    
CBS Corp., Class B 192,500 3,923,150
Comcast Corp., Class A 268,100 5,603,290
 
    9,526,440
Multiline Retail - 2.36%    
Dillard’s, Inc., Class A (L) 64,600 2,808,808
Macy’s, Inc. 176,800 4,653,376
Tuesday Morning Corp. (I) 44,600 156,992
 
    7,619,176
Specialty Retail - 1.19%    
Aaron’s, Inc. 15,500 391,375
Foot Locker, Inc. 73,000 1,466,570
Genesco, Inc. (I)(L) 5,200 267,956
HOT Topic, Inc. 65,000 495,950
Limited Brands, Inc. (L) 30,000 1,155,300
Shoe Carnival, Inc. (I) 3,000 70,800
 
    3,847,951
Textiles, Apparel & Luxury Goods - 0.76%    
Ralph Lauren Corp. 10,500 1,361,850
VF Corp. (L) 9,000 1,093,680
 
    2,455,530
    42,053,880
Consumer Staples - 9.63%    
Beverages - 1.19%    
Coca-Cola Enterprises, Inc. 85,600 2,129,728
Hansen Natural Corp. (I) 19,700 1,719,613
 
    3,849,341
Food & Staples Retailing - 1.09%    
Costco Wholesale Corp. 2,800 229,936
CVS Caremark Corp. 6,500 218,270
Whole Foods Market, Inc. 47,200 3,082,632
 
    3,530,838
Food Products - 2.68%    
Cal-Maine Foods, Inc. 1,800 56,574
Imperial Sugar Company (L) 2,400 15,456
Kraft Foods, Inc., Class A 163,000 5,473,540
Smart Balance, Inc. (I) 35,100 207,090

 

All Cap Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products (continued)    
Smithfield Foods, Inc. (I)(L) 7,300 $ 142,350
Tyson Foods, Inc., Class A (L) 159,500 2,768,920
 
    8,663,930
Household Products - 1.17%    
Central Garden & Pet Company, Class A (I) 11,400 80,712
Colgate-Palmolive Company 39,200 3,476,256
The Procter & Gamble Company 3,500 221,130
 
    3,778,098
Personal Products - 1.41%    
Elizabeth Arden, Inc. (I) 2,800 79,632
Herbalife, Ltd. 77,900 4,175,440
Nu Skin Enterprises, Inc., Class A 7,500 303,900
 
    4,558,972
Tobacco - 2.09%    
Philip Morris International, Inc. 108,000 6,737,040
 
    31,118,219
Energy - 11.37%    
Energy Equipment & Services - 1.69%    
Complete Production Services, Inc. (I) 3,100 58,435
Mitcham Industries, Inc. (I) 2,700 30,240
National Oilwell Varco, Inc. 68,300 3,498,326
Patterson-UTI Energy, Inc. 49,700 861,798
SEACOR Holdings, Inc. 12,300 986,583
Superior Energy Services, Inc. (I) 1,200 31,488
 
    5,466,870
Oil, Gas & Consumable Fuels - 9.68%    
Bill Barrett Corp. (I) 9,600 347,904
Chevron Corp. 95,000 8,789,400
ConocoPhillips 101,100 6,401,652
Delek US Holdings, Inc. 3,200 36,064
Exxon Mobil Corp. 68,000 4,938,840
HollyFrontier Corp. 39,500 1,035,690
Marathon Petroleum Corp. 24,500 662,970
SM Energy Company 12,600 764,190
Stone Energy Corp. (I)(L) 69,000 1,118,490
Tesoro Corp. (I)(L) 179,400 3,492,918
Valero Energy Corp. 175,600 3,122,168
W&T Offshore, Inc. (L) 42,100 579,296
 
    31,289,582
 
    36,756,452
Financials - 11.06%    
Capital Markets - 0.72%    
American Capital, Ltd. (I)(L) 343,600 2,343,352
Commercial Banks - 1.46%    
Columbia Banking System, Inc. 3,600 51,552
Community Bank Systems, Inc. 3,900 88,491
KeyCorp 227,800 1,350,854
M&T Bank Corp. 8,600 601,140
National Penn Bancshares, Inc. (L) 15,500 108,655
Pinnacle Financial Partners, Inc. (I)(L) 5,000 54,700
SunTrust Banks, Inc. 16,300 292,585
Susquehanna Bancshares, Inc. (L) 23,600 129,092
Zions Bancorporation (L) 146,300 2,058,441
 
    4,735,510
Consumer Finance - 2.62%    
Capital One Financial Corp. (L) 111,000 4,398,930
Discover Financial Services 177,000 4,060,380
 
    8,459,310

 

26

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

All Cap Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Diversified Financial Services - 1.05%    
CBOE Holdings, Inc. 8,600 $ 210,442
CME Group, Inc. 7,900 1,946,560
IntercontinentalExchange, Inc. (I) 8,900 1,052,514
The NASDAQ OMX Group, Inc. (I) 7,600 175,864
 
    3,385,380
Insurance - 2.63%    
Allied World Assurance    
Company Holdings, Ltd. 12,777 686,253
American International Group, Inc. (I)(L) 81,900 1,797,705
Amtrust Financial Services, Inc. 3,600 80,136
Arch Capital Group, Ltd. (I) 12,800 418,240
Chubb Corp. 78,200 4,691,218
ProAssurance Corp. 2,800 201,656
Reinsurance Group of America, Inc. 10,300 473,285
RLI Corp. (L) 1,400 89,012
Stewart Information Services Corp. 7,500 66,300
 
    8,503,805
Real Estate Investment Trusts - 2.27%    
American Capital Agency Corp. 35,000 948,500
Ashford Hospitality Trust, Inc. 77,600 544,752
First Industrial Realty Trust, Inc. (I) 21,700 173,600
Hospitality Properties Trust (L) 13,900 295,097
Post Properties, Inc. 3,100 107,694
Public Storage 16,100 1,792,735
Rayonier, Inc. (L) 84,900 3,123,471
Simon Property Group, Inc. 3,100 340,938
 
    7,326,787
Thrifts & Mortgage Finance - 0.31%    
Federal Agricultural    
Mortgage Corp., Class C (L) 7,000 133,210
People’s United Financial, Inc. 76,600 873,240
 
    1,006,450
    35,760,594
Health Care - 14.37%    
Biotechnology - 1.50%    
Biogen Idec, Inc. (I) 52,100 4,853,115
Health Care Providers & Services - 5.49%    
Aetna, Inc. 65,600 2,384,560
AMERIGROUP Corp. (I)(L) 28,200 1,100,082
CIGNA Corp. 28,800 1,207,872
Coventry Health Care, Inc. (I) 57,077 1,644,388
Humana, Inc. 61,000 4,436,530
UnitedHealth Group, Inc. 118,400 5,460,608
WellCare Health Plans, Inc. (I) 18,900 717,822
WellPoint, Inc. (L) 12,200 796,416
 
    17,748,278
Pharmaceuticals - 7.38%    
Bristol-Myers Squibb Company (L) 187,100 5,871,198
Depomed, Inc. (I) 15,700 84,780
Eli Lilly & Company 141,800 5,242,346
Forest Laboratories, Inc. (I) 29,000 892,910
Johnson & Johnson 4,400 280,324
Merck & Company, Inc. 195,500 6,394,805
Par Pharmaceutical Companies, Inc. (I) 23,000 612,260
Pfizer, Inc. 95,800 1,693,744
Questcor Pharmaceuticals, Inc. (I) 10,400 283,504
Viropharma, Inc. (I)(L) 138,500 2,502,695
 
    23,858,566
    46,459,959

 

All Cap Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Industrials - 9.65%    
Aerospace & Defense - 3.24%    
Ceradyne, Inc. (I) 6,000 $ 161,340
General Dynamics Corp. 57,400 3,265,486
HEICO Corp. 3,200 157,568
Lockheed Martin Corp. (L) 26,700 1,939,488
Northrop Grumman Corp. 88,191 4,600,043
Triumph Group, Inc. 7,000 341,180
 
    10,465,105
Air Freight & Logistics - 0.44%    
FedEx Corp. 21,200 1,434,816
Airlines - 0.39%    
Alaska Air Group, Inc. (I) 16,000 900,640
Skywest, Inc. 30,400 349,904
 
    1,250,544
Commercial Services & Supplies - 0.16%    
Clean Harbors, Inc. (I) 6,800 348,840
M&F Worldwide Corp. (I)(L) 6,300 155,106
 
    503,946
Construction & Engineering - 1.50%    
Fluor Corp. 76,000 3,537,800
KBR, Inc. 34,300 810,509
Layne Christensen Company (I) 5,700 131,670
MasTec, Inc. (I) 16,200 285,282
Northwest Pipe Company (I) 5,000 101,450
 
    4,866,711
Industrial Conglomerates - 0.66%    
Tyco International, Ltd. 52,800 2,151,600
Machinery - 2.82%    
Alamo Group, Inc. 3,500 72,765
Astec Industries, Inc. (I) 1,600 46,848
Caterpillar, Inc. 48,300 3,566,472
Colfax Corp. (I)(L) 2,000 40,520
Cummins, Inc. 43,300 3,535,878
Kennametal, Inc. (L) 10,900 356,866
Lindsay Corp. (L) 2,700 145,260
Robbins & Myers, Inc. 6,400 222,144
Timken Company 18,000 590,760
Titan International, Inc. (L) 35,200 528,000
 
    9,105,513
Professional Services - 0.02%    
Huron Consulting Group, Inc. (I) 2,100 65,373
Road & Rail - 0.03%    
AMERCO, Inc. (I) 1,600 99,920
Trading Companies & Distributors - 0.39%    
Aircastle, Ltd. (L) 32,300 307,496
W.W. Grainger, Inc. (L) 6,300 942,102
 
    1,249,598
 
    31,193,126
Information Technology - 19.64%    
Communications Equipment - 0.77%    
Comtech Telecommunications Corp. (L) 32,600 915,734
EchoStar Corp., Class A (I) 27,700 626,297
Motorola Solutions, Inc. 7,300 305,870
Polycom, Inc. (I) 35,200 646,624
 
    2,494,525
Computers & Peripherals - 5.80%    
Apple, Inc. (I) 30,226 11,521,547
Dell, Inc. (I) 340,000 4,811,000

 

27

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

All Cap Core Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Computers & Peripherals (continued)    
Imation Corp. (I) 11,600 $ 84,796
Western Digital Corp. (I) 90,300 2,322,516
 
    18,739,859
Electronic Equipment, Instruments & Components - 1.17%  
Anixter International, Inc. (L) 1,100 52,184
AVX Corp. 6,700 79,529
Multi-Fineline Electronix, Inc. (I) 7,100 141,574
Tech Data Corp. (I) 50,406 2,179,051
Vishay Intertechnology, Inc. (I)(L) 158,700 1,326,732
 
    3,779,070
Internet Software & Services - 1.47%    
Earthlink, Inc. 19,100 124,723
IAC/InterActiveCorp (I) 110,200 4,358,410
Keynote Systems, Inc. 1,700 35,921
ValueClick, Inc. (I)(L) 15,600 242,736
 
    4,761,790
IT Services - 6.74%    
Alliance Data Systems Corp. (I)(L) 8,400 778,680
Automatic Data Processing, Inc. 84,800 3,998,320
CACI International, Inc., Class A (I) 17,600 878,944
Fiserv, Inc. (I) 16,700 847,859
International Business Machines Corp. 56,855 9,951,331
Visa, Inc., Class A 62,300 5,340,356
 
    21,795,490
Semiconductors & Semiconductor Equipment - 1.40%  
Altera Corp. 34,100 1,075,173
Ceva, Inc. (I) 3,300 80,223
GT Advanced Technologies Inc. (I)(L) 127,500 895,050
Intel Corp. 55,300 1,179,549
Kulicke & Soffa Industries, Inc. (I) 30,200 225,292
LSI Corp. (I) 121,900 631,442
Photronics, Inc. (I)(L) 86,200 429,276
 
    4,516,005
Software - 2.29%    
ACI Worldwide, Inc. (I) 2,800 77,112
ANSYS, Inc. (I) 6,700 328,568
Microsoft Corp. 275,507 6,857,369
Opnet Technologies, Inc. 3,900 136,149
 
    7,399,198
    63,485,937
Materials - 3.41%    
Chemicals - 2.53%    
CF Industries Holdings, Inc. 24,900 3,072,411
Eastman Chemical Company 12,000 822,360
Georgia Gulf Corp. (I) 10,100 139,683
LSB Industries, Inc. (I) 3,700 106,079
OM Group, Inc. (I)(L) 37,000 960,890
PPG Industries, Inc. 17,900 1,264,814
Rockwood Holdings, Inc. (I) 37,400 1,260,006
W.R. Grace & Company (I) 13,500 449,550
Westlake Chemical Corp. (L) 3,100 106,268
 
    8,182,061
Containers & Packaging - 0.11%    
Boise, Inc. 68,100 352,077
Paper & Forest Products - 0.77%    
Buckeye Technologies, Inc. 4,800 115,728
Clearwater Paper Corp. (I) 2,700 91,746

 

All Cap Core Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Paper & Forest Products (continued)      
Domtar Corp. (L)   33,600 $ 2,290,512
 
      2,497,986
 
      11,032,124
Telecommunication Services - 3.52%      
Diversified Telecommunication Services - 3.34%    
AT&T, Inc.   129,200 3,684,784
Verizon Communications, Inc.   193,400 7,117,120
 
      10,801,904
Wireless Telecommunication Services - 0.18%    
Telephone & Data Systems, Inc. (L)   21,600 459,000
USA Mobility, Inc.   9,300 122,760
 
      581,760
 
      11,383,664
Utilities - 2.98%      
Electric Utilities - 0.87%      
Duke Energy Corp. (L)   121,600 2,430,784
FirstEnergy Corp.   7,500 336,825
MGE Energy, Inc.   1,100 44,737
 
      2,812,346
Gas Utilities - 0.10%      
The Laclede Group, Inc.   1,800 69,750
WGL Holdings, Inc.   6,100 238,327
 
      308,077
Independent Power Producers & Energy Traders - 0.62%    
NRG Energy, Inc. (I)   94,700 2,008,587
Multi-Utilities - 1.39%      
Ameren Corp.   151,100 4,498,246
 
      9,627,256
TOTAL COMMON STOCKS (Cost $341,511,368) $ 318,871,211
SECURITIES LENDING COLLATERAL - 9.61%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   3,103,471 31,050,851
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $31,050,033)   $ 31,050,851
SHORT-TERM INVESTMENTS - 0.80%    
Money Market Funds - 0.80%      
State Street Institutional Liquid Reserves      
Fund, 0.0927% (Y) $ 2,587,523 $ 2,587,523
TOTAL SHORT-TERM INVESTMENTS (Cost $2,587,523) $ 2,587,523
Total Investments (All Cap Core Trust)      
(Cost $375,148,924) - 109.05%   $ 352,509,585
Other assets and liabilities, net - (9.05%)     (29,244,296)
 
TOTAL NET ASSETS - 100.00%   $ 323,265,289
 
 
All Cap Value Trust      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 96.20%      
Consumer Discretionary - 9.60%      
Automobiles - 1.46%      
Ford Motor Company (I)   610,165 $ 5,900,296

 

28

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

All Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure - 0.10%    
Darden Restaurants, Inc. 9,700 $ 414,675
Household Durables - 1.39%    
Fortune Brands, Inc. 86,132 4,658,019
Harman International Industries, Inc. 33,100 945,998
 
    5,604,017
Media - 5.25%    
Omnicom Group, Inc. 187,231 6,897,590
The Interpublic Group of Companies, Inc. 812,600 5,850,720
The Walt Disney Company 58,451 1,762,882
Time Warner, Inc. 222,700 6,674,319
 
    21,185,511
Multiline Retail - 0.70%    
Macy’s, Inc. 68,600 1,805,552
Target Corp. 20,900 1,024,936
 
    2,830,488
Specialty Retail - 0.70%    
Guess?, Inc. 58,000 1,652,420
Penske Automotive Group, Inc. (L) 72,100 1,153,600
 
    2,806,020
    38,741,007
Consumer Staples - 9.63%    
Beverages - 2.67%    
Diageo PLC, ADR 50,100 3,804,093
PepsiCo, Inc. 33,700 2,086,030
The Coca-Cola Company 72,343 4,887,493
 
    10,777,616
Food & Staples Retailing - 1.51%    
CVS Caremark Corp. (L) 181,700 6,101,486
Food Products - 4.18%    
Archer-Daniels-Midland Company 354,547 8,796,311
Bunge, Ltd. (L) 138,055 8,047,226
 
    16,843,537
Household Products - 1.27%    
Colgate-Palmolive Company 57,800 5,125,704
 
    38,848,343
Energy - 19.03%    
Energy Equipment & Services - 3.47%    
Baker Hughes, Inc. 50,300 2,321,848
Gulfmark Offshore, Inc., Class A (I) 37,030 1,345,670
Halliburton Company 158,459 4,836,169
Schlumberger, Ltd. 27,300 1,630,629
Superior Energy Services, Inc. (I) 61,710 1,619,270
Tidewater, Inc. (L) 53,000 2,228,650
 
    13,982,236
Oil, Gas & Consumable Fuels - 15.56%    
Anadarko Petroleum Corp. 127,600 8,045,180
Apache Corp. 36,390 2,919,934
Chevron Corp. (L) 58,965 5,455,442
Consol Energy, Inc. 87,600 2,972,268
Devon Energy Corp. 62,600 3,470,544
El Paso Corp. 225,153 3,935,674
EQT Corp. 82,639 4,409,617
Exxon Mobil Corp. 246,718 17,919,128
Forest Oil Corp. (I) 56,600 815,040
Imperial Oil, Ltd. 82,200 2,968,242
QEP Resources, Inc. 71,117 1,925,137
Range Resources Corp. (L) 70,700 4,133,122

 

All Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Southwestern Energy Company (I) 114,800 $ 3,826,284
 
    62,795,612
 
    76,777,848
Financials - 15.30%    
Capital Markets - 4.65%    
Affiliated Managers Group, Inc. (I) 40,100 3,129,805
Lazard, Ltd., Class A 201,600 4,253,760
LPL Investment Holdings, Inc. (I) 138,400 3,518,128
State Street Corp. 244,144 7,851,671
 
    18,753,364
Commercial Banks - 5.59%    
City National Corp. (L) 62,536 2,361,359
Commerce Bancshares, Inc. (L) 57,936 2,013,276
Cullen/Frost Bankers, Inc. (L) 78,751 3,611,521
PNC Financial Services Group, Inc. 176,800 8,519,992
Signature Bank (I) 47,600 2,271,948
U.S. Bancorp 160,185 3,770,755
 
    22,548,851
Diversified Financial Services - 0.90%    
JPMorgan Chase & Company 120,324 3,624,159
Insurance - 4.16%    
ACE, Ltd. 33,900 2,054,340
Berkshire Hathaway, Inc., Class B (I) 120,315 8,547,178
Marsh & McLennan Companies, Inc. 233,175 6,188,465
 
    16,789,983
 
    61,716,357
Health Care - 17.24%    
Biotechnology - 4.72%    
Amgen, Inc. 178,749 9,822,258
Celgene Corp. (I) 134,700 8,340,624
Onyx Pharmaceuticals, Inc. (I) 29,600 888,296
 
    19,051,178
Health Care Equipment & Supplies - 2.53%    
Kinetic Concepts, Inc. (I) 22,356 1,473,037
NuVasive, Inc. (I)(L) 154,600 2,639,022
St. Jude Medical, Inc. 60,400 2,185,876
The Cooper Companies, Inc. (L) 10,387 822,131
Zimmer Holdings, Inc. (I) 57,500 3,076,250
 
    10,196,316
Health Care Providers & Services - 4.75%    
DaVita, Inc. (I) 29,100 1,823,697
Express Scripts, Inc. (I) 112,100 4,155,547
Humana, Inc. 43,788 3,184,701
McKesson Corp. 61,322 4,458,109
UnitedHealth Group, Inc. 120,400 5,552,848
 
    19,174,902
Life Sciences Tools & Services - 2.14%    
Charles River    
Laboratories International, Inc. (I) 106,164 3,038,414
Thermo Fisher Scientific, Inc. (I) 109,987 5,569,742
 
    8,608,156
Pharmaceuticals - 3.10%    
Merck & Company, Inc. 27,900 912,609
Teva Pharmaceutical Industries, Ltd., ADR 150,030 5,584,117
Warner Chilcott PLC, Class A (I) 210,600 3,011,580

 

29

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

All Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Watson Pharmaceuticals, Inc. (I) 43,748 $ 2,985,801
    12,494,107
    69,524,659
Industrials - 10.24%    
Aerospace & Defense - 3.97%    
Goodrich Corp. 32,625 3,937,185
Rockwell Collins, Inc. 97,300 5,133,548
United Technologies Corp. 98,400 6,923,424
 
    15,994,157
Airlines - 0.46%    
Southwest Airlines Company (L) 233,100 1,874,124
Construction & Engineering - 0.13%    
URS Corp. (I) 17,303 513,207
Machinery - 5.29%    
Dover Corp. 88,900 4,142,740
Eaton Corp. 64,078 2,274,769
Kennametal, Inc. 65,782 2,153,703
Pall Corp. 70,280 2,979,872
Parker Hannifin Corp. 30,605 1,932,094
Robbins & Myers, Inc. 10,695 371,223
SPX Corp. 44,700 2,025,357
Trinity Industries, Inc. 206,986 4,431,570
WABCO Holdings, Inc. (I) 27,600 1,044,936
 
    21,356,264
Road & Rail - 0.39%    
Kansas City Southern (I) 31,455 1,571,492
 
    41,309,244
Information Technology - 5.36%    
Computers & Peripherals - 0.42%    
EMC Corp. (I) 80,984 1,699,854
Electronic Equipment, Instruments & Components - 0.83%  
Anixter International, Inc. (L) 42,800 2,030,432
Arrow Electronics, Inc. (I) 22,260 618,383
FLIR Systems, Inc. 27,394 686,220
 
    3,335,035
IT Services - 0.93%    
Accenture PLC, Class A 21,327 1,123,506
Booz Allen Hamilton Holding Corp. (I) 76,800 1,142,016
The Western Union Company 97,427 1,489,659
 
    3,755,181
Office Electronics - 0.07%    
Zebra Technologies Corp., Class A (I) 9,800 303,212
Semiconductors & Semiconductor Equipment - 1.56%  
Intel Corp. 131,100 2,796,363
Texas Instruments, Inc. 131,845 3,513,669
 
    6,310,032
Software - 1.55%    
Adobe Systems, Inc. (I) 158,606 3,833,507
Intuit, Inc. 50,600 2,400,464
 
    6,233,971
    21,637,285
Materials - 8.07%    
Chemicals - 3.85%    
Air Products & Chemicals, Inc. 54,926 4,194,699
Koppers Holdings, Inc. 13,100 335,491
LyondellBasell Industries NV, Class A 107,000 2,614,010

 

All Cap Value Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chemicals (continued)    
PPG Industries, Inc. 31,606 $ 2,233,280
Sigma-Aldrich Corp. 30,500 1,884,595
The Mosaic Company 87,400 4,279,978
 
    15,542,053
Containers & Packaging - 0.34%    
Greif, Inc., Class A 32,253 1,383,331
Metals & Mining - 3.32%    
Barrick Gold Corp. 194,223 9,060,503
Carpenter Technology Corp. 27,000 1,212,030
Reliance Steel & Aluminum Company 91,679 3,118,003
 
    13,390,536
Paper & Forest Products - 0.56%    
International Paper Company 96,300 2,238,975
 
    32,554,895
Utilities - 1.73%    
Electric Utilities - 1.73%    
Nextera Energy, Inc. 129,120 6,975,060
TOTAL COMMON STOCKS (Cost $430,780,944) $ 388,084,698
 
SECURITIES LENDING COLLATERAL - 4.57%    
John Hancock Collateral    
Investment Trust, 0.2515% (W)(Y) 1,844,111 18,450,695
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $18,450,084) $ 18,450,695
 
SHORT-TERM INVESTMENTS - 4.03%    
Repurchase Agreement - 4.03%    
Repurchase Agreement with State Street Corp.    
dated 09/30/2011 at 0.010% to be    
repurchased at $16,266,014 on 10/03/2011,    
collateralized by $16,370,000 Federal Farm    
Credit Bank, 1.125% due 02/27/2014    
(valued at $16,595,088, including interest) $ 16,266,000 $ 16,266,000
TOTAL SHORT-TERM INVESTMENTS (Cost $16,266,000) $ 16,266,000
Total Investments (All Cap Value Trust)    
(Cost $465,497,028) - 104.80% $ 422,801,393
Other assets and liabilities, net - (4.80%)   (19,381,914)
 
TOTAL NET ASSETS - 100.00% $ 403,419,479
 
 
 
Alpha Opportunities Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 87.92%    
Consumer Discretionary - 15.10%    
Auto Components - 0.94%    
Dana Holding Corp. (I) 76,890 $ 807,345
Johnson Controls, Inc. 131,500 3,467,655
Modine Manufacturing Company (I) 253,189 2,293,892
SAF-Holland SA (I) 66,687 324,768
Stoneridge, Inc. (I) 134,089 699,945
 
    7,593,605
Automobiles - 0.23%    
Harley-Davidson, Inc. (L) 48,810 1,675,647

 

30

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Automobiles (continued)    
Hyundai Motor Company, Ltd. 1,110 $ 194,710
    1,870,357
Diversified Consumer Services - 0.87%    
Estacio Participacoes SA 124,180 1,089,733
Weight Watchers International, Inc. 102,593 5,976,042
 
    7,065,775
Hotels, Restaurants & Leisure - 0.95%    
McDonald’s Corp. 39,470 3,466,255
Sonic Corp. (I) 264,955 1,873,232
Starbucks Corp. 59,460 2,217,263
Wynn Macau, Ltd. 72,800 167,292
 
    7,724,042
Household Durables - 2.34%    
Furniture Brands International, Inc. (I) 233,570 481,154
Lennar Corp., Class A (L) 138,750 1,878,675
NVR, Inc. (I)(L) 5,535 3,343,029
PDG Realty SA Empreendimentos    
e Participacoes 94,700 308,741
Pulte Group, Inc. (I)(L) 1,553,860 6,137,747
SodasStream International, Ltd. (I)(L) 59,780 1,975,729
Tempur-Pedic International, Inc. (I) 83,560 4,396,092
Whirlpool Corp. 7,400 369,334
 
    18,890,501
Internet & Catalog Retail - 0.64%    
Amazon.com, Inc. (I) 20,490 4,430,553
Blue Nile, Inc. (I)(L) 21,270 750,406
 
    5,180,959
Leisure Equipment & Products - 1.23%    
Brunswick Corp. (L) 306,276 4,300,115
Hasbro, Inc. 42,745 1,393,914
Mattel, Inc. 163,427 4,231,125
 
    9,925,154
Media - 2.39%    
AMC Networks, Inc. (I) 30,000 958,500
Comcast Corp., Class A 296,493 6,196,704
Comcast Corp., Special Class A 243,330 5,034,498
DIRECTV, Class A (I) 16,810 710,223
Sirius XM Radio, Inc. (I) 232,000 350,320
The Walt Disney Company 200,820 6,056,731
 
    19,306,976
Multiline Retail - 1.05%    
Dollar Tree, Inc. (I) 22,940 1,723,023
Golden Eagle Retail Group, Ltd. 181,320 370,946
Maoye International Holdings, Ltd. (I) 1,287,030 259,653
Target Corp. 124,700 6,115,288
 
    8,468,910
Specialty Retail - 3.20%    
Advance Auto Parts, Inc. 19,010 1,104,481
Belle International Holdings, Ltd. 230,000 393,577
CarMax, Inc. (I)(L) 11,870 283,100
Express, Inc. 162,600 3,299,154
Home Depot, Inc. 115,566 3,798,654
Lowe’s Companies, Inc. 411,797 7,964,154
Monro Muffler Brake, Inc. (L) 21,730 716,438
Ross Stores, Inc. 48,200 3,792,858
Staples, Inc. 141,530 1,882,349
Talbots, Inc. (I)(L) 658,110 1,776,897
Ulta Salon Cosmetics & Fragrance, Inc. (I) 14,080 876,198
 
    25,887,860

 

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods - 1.26%    
Coach, Inc. 59,320 $ 3,074,556
Hanesbrands, Inc. (I) 268,926 6,725,839
Lululemon Athletica, Inc. (I) 8,410 409,147
 
    10,209,542
 
    122,123,681
Consumer Staples - 9.56%    
Beverages - 1.79%    
Anheuser-Busch InBev NV 20,673 1,096,360
Molson Coors Brewing Company, Class B 73,310 2,903,809
PepsiCo, Inc. 143,850 8,904,315
Primo Water Corp. (I) 164,440 927,442
The Coca-Cola Company 9,500 641,820
 
    14,473,746
Food & Staples Retailing - 1.28%    
CVS Caremark Corp. 152,186 5,110,406
Sysco Corp. (L) 158,931 4,116,313
Whole Foods Market, Inc. 17,120 1,118,107
 
    10,344,826
Food Products - 4.92%    
Asian Bamboo AG (L) 42,268 666,288
China Green Holdings, Ltd. (L) 1,234,310 227,225
China Minzhong Food Corp. Ltd. (I)(S) 981,770 655,069
Danone SA 45,672 2,810,711
General Mills, Inc. 76,226 2,932,414
Green Mountain Coffee Roasters, Inc. (I) 137,455 12,775,068
Kraft Foods, Inc., Class A 250,950 8,426,901
Mead Johnson Nutrition Company 7,000 481,810
PureCircle, Ltd. (I)(L) 896,469 1,261,524
Smithfield Foods, Inc. (I)(L) 161,730 3,153,735
The Hershey Company 5,300 313,972
Unilever NV 61,775 1,956,662
Unilever NV - NY Shares 131,900 4,153,531
 
    39,814,910
Household Products - 0.58%    
Colgate-Palmolive Company 52,874 4,688,866
 
    4,688,866
Tobacco - 0.99%    
Altria Group, Inc. 50,480 1,353,369
British American Tobacco PLC 35,820 1,518,229
Lorillard, Inc. 12,880 1,425,816
Philip Morris International, Inc. 59,960 3,740,305
 
    8,037,719
 
    77,360,067
Energy - 7.69%    
Energy Equipment & Services - 0.52%    
Ensco International PLC, ADR 32,930 1,331,360
Hornbeck Offshore Services, Inc. (I)(L) 21,340 531,579
Petroleum Geo-Services ASA (I) 137,850 1,389,598
Tidewater, Inc. (L) 21,750 914,588
 
    4,167,125
Oil, Gas & Consumable Fuels - 7.17%    
Alpha Natural Resources, Inc. (I) 82,077 1,451,942
Anadarko Petroleum Corp. 121,920 7,687,056
BG Group PLC 258,061 4,914,075
Bumi PLC (I) 75,741 1,018,516
Bumi Resources Tbk PT 2,654,128 579,882
Cabot Oil & Gas Corp. 20,630 1,277,203
Chesapeake Energy Corp. (L) 139,796 3,571,788
Chevron Corp. 38,920 3,600,878

 

31

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Cobalt International Energy, Inc. (I) 266,815 $ 2,057,144
Consol Energy, Inc. 46,270 1,569,941
EOG Resources, Inc. 7,030 499,200
Exxon Mobil Corp. 40,880 2,969,114
Gazprom OAO, ADR 144,454 1,379,536
Inpex Corp. 117 721,002
James River Coal Company (I)(L) 55,307 352,306
Karoon Gas Australia, Ltd. (I) 350,567 938,890
KiOR, Inc., Class A (I)(L) 20,900 433,466
Occidental Petroleum Corp. 98,631 7,052,117
Paladin Energy, Ltd. 166,000 190,054
Paladin Resources, Ltd. (I) 254,370 291,229
Petroleo Brasileiro SA, ADR 205,991 4,624,498
Rosetta Resources, Inc. (I)(L) 28,770 984,509
Royal Dutch Shell PLC, ADR, Class B 52,600 3,263,830
Statoil ASA, ADR (L) 126,410 2,724,136
Uranium One, Inc. (L) 435,610 860,495
Vallares PLC (I) 163,629 2,538,874
Venoco, Inc. (I) 49,960 440,148
 
    57,991,829
    62,158,954
Financials - 8.87%    
Capital Markets - 1.91%    
BlackRock, Inc. 23,470 3,473,795
CETIP SA - Balcao Organizado de Ativos    
e Derivativos 48,145 601,732
Credit Suisse Group AG (I) 12,416 322,185
GAM Holding, Ltd. (I) 36,164 451,981
Greenhill & Company, Inc. (L) 45,155 1,290,981
Invesco, Ltd. 172,750 2,679,353
Matsui Securities Company, Ltd. (L) 262,680 1,181,287
SEI Investments Company 164,495 2,529,933
T. Rowe Price Group, Inc. 33,130 1,582,620
UBS AG (Swiss Exchange) (I) 118,890 1,353,357
 
    15,467,224
Commercial Banks - 3.37%    
Barclays PLC 442,871 1,087,171
BNP Paribas 11,140 440,947
Cullen/Frost Bankers, Inc. 60,650 2,781,409
First Republic Bank (I) 46,640 1,080,182
M&T Bank Corp. (L) 48,170 3,367,083
Mitsubishi UFJ Financial Group 186,810 839,631
PNC Financial Services Group, Inc. 51,084 2,461,738
U.S. Bancorp 113,360 2,668,494
Wells Fargo & Company 518,209 12,499,201
 
    27,225,856
Consumer Finance - 0.12%    
Acom Company, Ltd. (I)(L) 52,330 998,305
 
    998,305
Diversified Financial Services - 1.86%    
Bank of America Corp. 152,951 936,060
ING Groep NV (I) 153,574 1,080,856
JPMorgan Chase & Company 168,163 5,065,070
Justice Holdings, Ltd. (I) 227,124 3,329,610
PHH Corp. (I) 135,370 2,176,750
The NASDAQ OMX Group, Inc. (I) 104,220 2,411,651
 
    14,999,997
Insurance - 1.49%    
ACE, Ltd. 49,530 3,001,518
Ageas 624,467 1,074,205
Genworth Financial, Inc., Class A (I)(L) 84,020 482,275

 

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Marsh & McLennan Companies, Inc. 160,180 $ 4,251,177
Unum Group 153,488 3,217,108
 
    12,026,283
Real Estate Management & Development - 0.04%    
Daito Trust Construction Company, Ltd. 3,800 348,440
 
    348,440
Thrifts & Mortgage Finance - 0.08%    
Radian Group, Inc. (L) 294,060 643,991
 
    643,991
 
    71,710,096
Health Care - 11.23%    
Biotechnology - 1.69%    
Alexion Pharmaceuticals, Inc. (I) 5,000 320,300
Amgen, Inc. 75,220 4,133,339
Biogen Idec, Inc. (I) 5,900 549,585
Celgene Corp. (I) 51,480 3,187,642
Novavax, Inc. (I)(L) 826,210 1,330,198
Regeneron Pharmaceuticals, Inc. (I)(L) 44,600 2,595,720
Seattle Genetics, Inc. (I)(L) 59,900 1,141,694
Vertex Pharmaceuticals, Inc. (I) 8,600 383,044
 
    13,641,522
Health Care Equipment & Supplies - 3.38%    
Edwards Lifesciences Corp. (I) 83,060 5,920,517
Gen-Probe, Inc. (I) 111,160 6,363,910
Hologic, Inc. (I) 359,020 5,460,694
Intuitive Surgical, Inc. (I) 7,250 2,641,030
Medtronic, Inc. 199,412 6,628,455
Zoll Medical Corp. (I) 8,460 319,280
 
    27,333,886
Health Care Providers & Services - 2.20%    
Catalyst Health Solutions, Inc. (I) 75,540 4,357,903
CIGNA Corp. 99,420 4,169,675
UnitedHealth Group, Inc. 201,877 9,310,567
 
    17,838,145
Health Care Technology - 0.85%    
Careview Communications, Inc. (I)(L) 864,750 1,357,658
Cerner Corp. (I) 9,400 644,088
SXC Health Solutions Corp. (I) 87,750 4,887,675
 
    6,889,421
Life Sciences Tools & Services - 0.94%    
Agilent Technologies, Inc. (I) 101,300 3,165,625
Life Technologies Corp. (I) 21,870 840,464
Pharmaceutical Product Development, Inc. 139,560 3,581,110
 
    7,587,199
Pharmaceuticals - 2.17%    
AstraZeneca PLC, ADR 34,390 1,525,540
Eisai Company, Ltd. 18,720 754,478
Elan Corp. PLC, ADR (I) 107,733 1,134,428
Eli Lilly & Company 12,300 454,731
Johnson & Johnson 54,050 3,443,526
Merck & Company, Inc. 97,410 3,186,281
Pfizer, Inc. 308,073 5,446,731
Simcere Pharmaceutical Group (I)(L) 30,750 305,348
UCB SA 20,124 856,925
United Laboratories, Ltd. 622,750 467,374
 
    17,575,362
 
    90,865,535

 

32

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Industrials - 10.23%    
Aerospace & Defense - 3.66%    
BE Aerospace, Inc. (I) 73,650 $ 2,438,552
DigitalGlobe, Inc. (I) 191,200 3,715,016
Esterline Technologies Corp. (I) 7,920 410,573
General Dynamics Corp. 112,843 6,419,638
Goodrich Corp. 14,610 1,763,135
HEICO Corp. 16,470 810,983
Honeywell International, Inc. 23,840 1,046,814
Northrop Grumman Corp. 91,750 4,785,680
Rockwell Collins, Inc. (L) 39,505 2,084,284
Safran SA 85,034 2,612,208
TransDigm Group, Inc. (I) 27,390 2,236,941
Triumph Group, Inc. 26,690 1,300,871
 
    29,624,695
Air Freight & Logistics - 0.79%    
United Parcel Service, Inc., Class B 100,720 6,360,468
 
    6,360,468
Airlines - 0.83%    
AirAsia BHD 1,522,721 1,386,461
Cathay Pacific Airways, Ltd. 394,680 639,453
Copa Holdings SA, Class A 20,360 1,247,457
Delta Air Lines, Inc. (I) 458,021 3,435,158
 
    6,708,529
Building Products - 0.29%    
Lennox International, Inc. 91,605 2,361,577
 
    2,361,577
Commercial Services & Supplies - 0.66%    
Corrections Corp. of America (I) 102,255 2,320,166
Ritchie Brothers Auctioneers, Inc. (L) 37,945 766,110
Sykes Enterprises, Inc. (I) 53,330 797,284
The Geo Group, Inc. (I)(L) 79,845 1,481,923
 
    5,365,483
Construction & Engineering - 0.63%    
Aecom Technology Corp. (I) 194,910 3,444,060
Jacobs Engineering Group, Inc. (I) 51,715 1,669,877
 
    5,113,937
Industrial Conglomerates - 0.80%    
3M Company 47,972 3,443,910
Tyco International, Ltd. 74,030 3,016,723
 
    6,460,633
Machinery - 1.60%    
Chart Industries, Inc. (I)(L) 25,240 1,064,371
IDEX Corp. 39,815 1,240,635
Illinois Tool Works, Inc. 72,840 3,030,144
Meritor, Inc. (I) 83,126 586,870
Navistar International Corp. (I) 28,170 904,820
PACCAR, Inc. 81,010 2,739,758
Stanley Black & Decker, Inc. 58,112 2,853,299
Terex Corp. (I) 32,900 337,554
United Tractors Tbk PT 86,454 210,656
 
    12,968,107
Professional Services - 0.02%    
Verisk Analytics, Inc., Class A (I) 3,700 128,649
 
    128,649
Road & Rail - 0.28%    
Hertz Global Holdings, Inc. (I) 66,550 592,295
J.B. Hunt Transport Services, Inc. 46,860 1,692,583
 
    2,284,878

 

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Trading Companies & Distributors - 0.67%    
MSC Industrial Direct Company, Inc., Class A 45,245 $ 2,554,533
United Rentals, Inc. (I)(L) 168,878 2,843,906
 
    5,398,439
 
    82,775,395
Information Technology - 17.25%    
Communications Equipment - 2.65%    
Alcatel-Lucent, ADR (I) 270,620 765,855
Cisco Systems, Inc. 394,604 6,112,408
F5 Networks, Inc. (I)(L) 47,700 3,389,085
Finisar Corp. (I) 34,578 606,498
HTC Corp. 25,698 564,561
HUGHES Telematics, Inc. (I)(L) 21,300 85,200
JDS Uniphase Corp. (I)(L) 111,528 1,111,934
Juniper Networks, Inc. (I) 65,990 1,138,987
Polycom, Inc. (I) 251,840 4,626,301
QUALCOMM, Inc. 62,040 3,017,005
 
    21,417,834
Computers & Peripherals - 2.51%    
Apple, Inc. (I) 35,017 13,347,780
EMC Corp. (I) 330,150 6,929,849
 
    20,277,629
Electronic Equipment, Instruments & Components - 0.59%  
Avnet, Inc. (I) 32,485 847,209
Hollysys Automation Technologies, Ltd. (I)(L) 63,360 370,022
Hon Hai Precision Industry Company, Ltd. 379,866 847,985
Jabil Circuit, Inc. 153,610 2,732,722
 
    4,797,938
Internet Software & Services - 2.82%    
Baidu, Inc., ADR (I) 5,080 543,103
Dena Company, Ltd. 12,200 510,389
eBay, Inc. (I) 510,400 15,051,696
Google, Inc., Class A (I) 5,210 2,679,920
Gree, Inc. 16,000 479,986
KIT Digital, Inc. (I)(L) 330,870 2,779,308
Sohu.com, Inc. (I) 15,700 756,740
 
    22,801,142
IT Services - 2.18%    
Automatic Data Processing, Inc. 98,475 4,643,096
MasterCard, Inc., Class A 1,600 507,456
Sapient Corp. (L) 147,018 1,490,763
Teradata Corp. (I) 13,700 733,361
The Western Union Company 674,224 10,308,885
 
    17,683,561
Semiconductors & Semiconductor Equipment - 3.09%  
Altera Corp. 33,890 1,068,552
Analog Devices, Inc. 66,010 2,062,813
ARM Holdings PLC 287,982 2,464,827
Avago Technologies, Ltd. 106,920 3,503,768
Cavium Inc. (I) 13,760 371,658
Intel Corp. 90,600 1,932,498
Maxim Integrated Products, Inc. 96,330 2,247,379
Micron Technology, Inc. (I)(L) 81,832 412,433
Microsemi Corp. (I) 68,310 1,091,594
NVIDIA Corp. (I) 59,170 739,625
ON Semiconductor Corp. (I) 79,100 567,147
RF Micro Devices, Inc. (I)(L) 49,300 312,562
Samsung Electronics Company, Ltd. 1,299 909,967
Skyworks Solutions, Inc. (I) 314,590 5,643,745
Xilinx, Inc. (L) 59,780 1,640,363
 
    24,968,931

 

33

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software - 3.41%    
Activision Blizzard, Inc. 137,290 $ 1,633,751
ANSYS, Inc. (I)(L) 11,855 581,369
Ariba, Inc. (I) 42,560 1,179,338
Cadence Design Systems, Inc. (I) 660,280 6,100,987
FactSet Research Systems, Inc. (L) 11,335 1,008,475
Glu Mobile Inc. (I)(L) 110,050 232,206
Microsoft Corp. 274,077 6,821,777
MicroStrategy, Inc., Class A (I) 9,320 1,063,132
Oracle Corp. 124,700 3,583,878
Perfect World Company, Ltd. (I) 34,790 388,256
Rovi Corp. (I) 36,630 1,574,357
TIBCO Software, Inc. (I) 105,650 2,365,504
TiVo, Inc. (I)(L) 63,570 593,744
VMware, Inc., Class A (I)(L) 5,430 436,463
 
    27,563,237
    139,510,272
Materials - 6.64%    
Chemicals - 2.95%    
Agrium, Inc. 55,000 3,660,893
Akzo Nobel NV 14,000 618,910
Celanese Corp., Series A 26,880 874,406
CF Industries Holdings, Inc. 18,620 2,297,522
Huabao International Holdings, Ltd. 927,230 755,851
Methanex Corp. 57,851 1,205,615
Praxair, Inc. 29,350 2,743,638
The Mosaic Company 194,550 9,527,114
The Sherwin-Williams Company 29,590 2,199,129
 
    23,883,078
Construction Materials - 0.02%    
Anhui Conch Cement Company, Ltd. 64,500 175,372
 
    175,372
Containers & Packaging - 0.20%    
Graphic Packaging Holding Company (I) 168,425 581,066
Silgan Holdings, Inc. 28,710 1,054,805
 
    1,635,871
Metals & Mining - 3.26%    
Allied Nevada Gold Corp. (I)(L) 49,140 1,759,703
AngloGold Ashanti, Ltd., ADR 48,590 2,009,682
Barrick Gold Corp. 63,070 2,942,216
CGA Mining, Ltd. (I) 394,798 881,599
China Metal Recycling Holdings, Ltd. 782,560 655,615
Detour Gold Corp. (I) 77,310 2,014,088
Fortescue Metals Group, Ltd. 147,130 609,924
Franco-Nevada Corp. 22,600 817,603
Freeport-McMoRan Copper & Gold, Inc. 25,800 785,610
Fresnillo PLC 77,723 1,912,522
Glencore International PLC (L) 103,160 638,484
Goldcorp, Inc. 38,060 1,737,058
Iluka Resources, Ltd. 97,216 1,136,620
Ivanhoe Mines, Ltd. (I) 28,910 398,654
Molycorp, Inc. (I) 26,200 861,194
Mongolian Mining Corp. (I) 437,890 390,870
New Gold, Inc. (I) 92,280 945,870
Newmont Mining Corp. 27,220 1,712,138
Nucor Corp. 38,230 1,209,597
Royal Gold, Inc. 12,610 807,797
Sandstorm Gold Ltd. (I) 339,750 340,431
Silver Wheaton Corp. 18,130 533,929
Xstrata PLC 30,100 377,497
Yamana Gold, Inc. 62,010 847,057
 
    26,325,758

 

Alpha Opportunities Trust (continued)  
Shares or   
Principal   
  Amount Value
 
 
COMMON STOCKS (continued)    
Paper & Forest Products - 0.21%    
Louisiana-Pacific Corp. (I)(L) 133,310 $ 679,881
Norbord, Inc. (I) 121,690 916,246
Sino-Forest Corp. (I)(L) 90,175 62,087
 
    1,658,214
 
    53,678,293
Telecommunication Services - 0.55%    
Diversified Telecommunication Services - 0.35%    
AT&T, Inc. 87,090 2,483,807
Verizon Communications, Inc. 8,100 298,080
 
    2,781,887
Wireless Telecommunication Services - 0.20%    
American Tower Corp., Class A (I) 30,490 1,640,362
 
    1,640,362
 
    4,422,249
Utilities - 0.80%    
Electric Utilities - 0.09%    
Southern Company 17,400 737,238
 
    737,238
Gas Utilities - 0.37%    
UGI Corp. 114,110 2,997,670
 
    2,997,670
Independent Power Producers & Energy Traders - 0.17%  
NRG Energy, Inc. (I) 66,210 1,404,314
 
    1,404,314
Multi-Utilities - 0.17%    
Consolidated Edison, Inc. (L) 13,700 781,174
Dominion Resources, Inc. 11,600 588,932
 
    1,370,106
 
    6,509,328
TOTAL COMMON STOCKS (Cost $803,463,002) $ 711,113,870
PREFERRED SECURITIES - 0.03%    
Consumer Staples - 0.03%    
Companhia de Bebidas das Americas, ADR $ 8,000 $ 245,200
 
    245,200
TOTAL PREFERRED SECURITIES (Cost $274,836) $ 245,200
SECURITIES LENDING COLLATERAL - 6.86%    
John Hancock Collateral    
Investment Trust, 0.2515% (W)(Y) 5,545,358 55,482,413
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $55,479,286) $ 55,482,413

 

34

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Alpha Opportunities Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
SHORT-TERM INVESTMENTS - 10.69%    
Repurchase Agreement - 10.69%    
Deutsche Bank Tri-Party Repurchase    
Agreement dated 09/30/2011 at 0.050% to    
be repurchased at $86,500,360 on    
10/03/2011, collateralized by $87,933,014    
Government National Mortgage Association,    
4.000%-5.500% due 12/15/2039-08/15/2041    
(valued at $88,230,000, including interest) $ 86,500,000 $ 86,500,000
    86,500,000
TOTAL SHORT-TERM INVESTMENTS (Cost $86,500,000) $ 86,500,000
Total Investments (Alpha Opportunities Trust)    
(Cost $945,717,124) - 105.50% $ 853,341,483
Other assets and liabilities, net - (5.50%)   (44,470,964)
TOTAL NET ASSETS - 100.00% $ 808,870,519
 
 
 
American Asset Allocation Trust    
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.00%    
American Funds Insurance Series - 100.00%    
American Asset Allocation Fund - Class 1 101,406,889 $ 1,532,258,090
 
    1,532,258,090
TOTAL INVESTMENT COMPANIES (Cost $1,415,381,610) $ 1,532,258,090
Total Investments (American Asset Allocation Trust)    
(Cost $1,415,381,610) - 100.00% $ 1,532,258,090
Other assets and liabilities, net - 0.00%   2,696
TOTAL NET ASSETS - 100.00% $ 1,532,260,786
 
 
 
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 27,908,578 $ 230,803,939
TOTAL INVESTMENT COMPANIES (Cost $220,570,762) $ 230,803,939
Total Investments (American Blue Chip Income and Growth    
Trust) (Cost $220,570,762) - 100.01% $ 230,803,939
Other assets and liabilities, net - (0.01%)   (16,127)
TOTAL NET ASSETS - 100.00% $ 230,787,812

 

American Bond Trust    
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.02%    
American Funds Insurance Series - 100.02%    
American Bond Fund - Class 1 76,589,351 $ 855,503,046
 
    855,503,046
TOTAL INVESTMENT COMPANIES (Cost $814,583,763) $ 855,503,046
Total Investments (American Bond Trust)    
(Cost $814,583,763) - 100.02% $ 855,503,046
Other assets and liabilities, net - (0.02%)   (148,739)
 
TOTAL NET ASSETS - 100.00% $ 855,354,307
 
 
 
American Fundamental Holdings Trust  
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.00%    
American Funds Insurance Series - 100.00%    
American Bond Fund - Class 1 39,880,159 $ 445,461,377
American Growth Fund - Class 1 4,698,647 226,803,712
American Growth-Income Fund - Class 1 7,697,538 235,698,602
American International Fund - Class 1 8,202,023 120,651,754
TOTAL INVESTMENT COMPANIES (Cost $927,150,990) $ 1,028,615,445
Total Investments (American Fundamental Holdings Trust)    
(Cost $927,150,990) - 100.00% $ 1,028,615,445
Other assets and liabilities, net - 0.00%   3,585
 
TOTAL NET ASSETS - 100.00% $ 1,028,619,030
 
 
 
American Global Diversification Trust  
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.00%    
American Funds Insurance Series - 100.00%    
American Bond Fund - Class 1 19,582,414 $ 218,735,565
American Global Growth Fund - Class 1 15,580,108 286,518,188
American Global Small Capitalization    
Fund - Class 1 5,983,885 99,512,007
American High-Income Bond Fund - Class 1 5,622,346 60,383,994
American New World Fund - Class 1 3,554,315 67,496,435
 
    732,646,189
TOTAL INVESTMENT COMPANIES (Cost $726,677,164) $ 732,646,189
Total Investments (American Global Diversification Trust)    
(Cost $726,677,164) - 100.00% $ 732,646,189
Other assets and liabilities, net - 0.00%   (1,889)
 
TOTAL NET ASSETS - 100.00% $ 732,644,300

 

35

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

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 8,628,519 $ 158,678,465
    158,678,465
TOTAL INVESTMENT COMPANIES (Cost $186,904,689) $ 158,678,465
Total Investments (American Global Growth Trust)    
(Cost $186,904,689) - 100.01% $ 158,678,465
Other assets and liabilities, net - (0.01%)   (13,796)
TOTAL NET ASSETS - 100.00% $ 158,664,669
 
 
American Global Small Capitalization Trust
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.02%    
American Funds Insurance Series - 100.02%    
American Global Small Capitalization    
Fund - Class 1 5,095,550 $ 84,739,002
    84,739,002
TOTAL INVESTMENT COMPANIES (Cost $75,108,758) $ 84,739,002
Total Investments (American Global Small Capitalization    
Trust) (Cost $75,108,758) - 100.02% $ 84,739,002
Other assets and liabilities, net - (0.02%)   (16,299)
TOTAL NET ASSETS - 100.00% $ 84,722,703
 
 
American Growth Trust    
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 100.00%    
American Funds Insurance Series - 100.00%    
American Growth Fund - Class 1 22,472,955 $ 1,084,769,522
    1,084,769,522
TOTAL INVESTMENT COMPANIES (Cost $1,198,139,825) $ 1,084,769,522
Total Investments (American Growth Trust)    
(Cost $1,198,139,825) - 100.00% $ 1,084,769,522
Other assets and liabilities, net - 0.00%   (6,460)
TOTAL NET ASSETS - 100.00% $ 1,084,763,062

 

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 32,931,659 $ 1,008,367,392
 
    1,008,367,392
TOTAL INVESTMENT COMPANIES (Cost $1,080,930,727) $ 1,008,367,392
Total Investments (American Growth-Income Trust)    
(Cost $1,080,930,727) - 100.00% $ 1,008,367,392
Other assets and liabilities, net - 0.00%   (6,375)
 
TOTAL NET ASSETS - 100.00% $ 1,008,361,017
 
 
American High-Income Bond Trust    
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 100.02%    
American Funds Insurance Series - 100.02%    
American High-Income Bond Fund - Class 1 8,575,777 $ 92,103,846
 
    92,103,846
TOTAL INVESTMENT COMPANIES (Cost $88,661,075) $ 92,103,846
Total Investments (American High-Income Bond Trust)    
(Cost $88,661,075) - 100.02% $ 92,103,846
Other assets and liabilities, net - (0.02%)   (14,328)
 
TOTAL NET ASSETS - 100.00% $ 92,089,518
 
 
American International Trust    
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 100.00%    
American Funds Insurance Series - 100.00%    
American International Fund - Class 1 46,970,082 $ 690,929,907
 
    690,929,907
TOTAL INVESTMENT COMPANIES (Cost $864,577,215) $ 690,929,907
Total Investments (American International Trust)    
(Cost $864,577,215) - 100.00% $ 690,929,907
Other assets and liabilities, net - 0.00%   (11,126)
 
TOTAL NET ASSETS - 100.00% $ 690,918,781

 

36

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

American New World Trust    
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 100.02%    
American Funds Insurance Series - 100.02%    
American New World Fund - Class 1 3,922,191 $ 74,482,415
    74,482,415
TOTAL INVESTMENT COMPANIES (Cost $75,930,925) $ 74,482,415
Total Investments (American New World Trust)    
(Cost $75,930,925) - 100.02% $ 74,482,415
Other assets and liabilities, net - (0.02%)   (13,609)
TOTAL NET ASSETS - 100.00% $ 74,468,806
 
 
 
Balanced Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 66.53%    
Consumer Discretionary - 11.54%    
Auto Components - 0.32%    
Aisin Seiki Company, Ltd. 1,600 $ 53,157
Autoliv, Inc. 691 33,635
Dorman Products, Inc. (I) 200 6,616
Drew Industries, Inc. 700 13,986
Fuel Systems Solutions, Inc. (I)(L) 200 3,842
GKN PLC 24,668 66,690
Johnson Controls, Inc. (L) 5,100 134,487
Koito Manufacturing Company, Ltd. 2,000 31,490
Shiloh Industries, Inc. 1,000 8,970
Visteon Corp. (I) 600 25,800
 
    378,673
Automobiles - 0.64%    
Bayerische Motoren Werke (BMW) AG 1,175 77,856
General Motors Company (I) 3,900 78,702
Harley-Davidson, Inc. 3,900 133,887
Honda Motor Company, Ltd. 4,700 137,804
Nissan Motor Company, Ltd. 9,500 83,954
Toyota Motor Corp. 7,000 239,291
Winnebago Industries, Inc. (I)(L) 600 4,152
 
    755,646
Distributors - 0.15%    
Genuine Parts Company 2,830 143,764
Pool Corp. 800 20,944
Weyco Group, Inc. 500 11,150
 
    175,858
Diversified Consumer Services - 0.21%    
American Public Education, Inc. (I) 300 10,200
Ascent Media Corp., Class A (I) 300 11,796
Benesse Holdings, Inc. 1,900 83,704
Career Education Corp. (I)(L) 1,160 15,138
H&R Block, Inc. (L) 5,520 73,471
K12, Inc. (I) 600 15,276
Matthews International Corp., Class A 220 6,767
National American University Holdings, Inc. 500 3,580
Strayer Education, Inc. 110 8,434
Weight Watchers International, Inc. 400 23,300
 
    251,666
Hotels, Restaurants & Leisure - 2.16%    
Accor SA 1,606 42,747
Betfair Group PLC 747 8,573
BJ’s Restaurants, Inc. (I) 200 8,822
Carnival Corp. 7,400 224,220

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Chipotle Mexican Grill, Inc. (I) 700 $ 212,065
Choice Hotels International, Inc. 1,050 31,206
Compass Group PLC 13,940 112,726
International Game Technology 1,900 27,607
Las Vegas Sands Corp. (I) 6,700 256,878
Marriott International, Inc., Class A 13,978 380,761
McDonald’s Corp. 3,200 281,024
Mitchells & Butlers PLC (I) 3,130 11,400
Orient Express Hotels, Ltd., Class A (I) 2,600 17,966
Panera Bread Company, Class A (I) 470 48,852
Starbucks Corp. 13,650 509,009
Starwood Hotels & Resorts Worldwide, Inc. 4,830 187,501
Tim Hortons, Inc. 400 18,512
Vail Resorts, Inc. 500 18,895
WMS Industries, Inc. (I) 800 14,072
Wynn Resorts, Ltd. 400 46,032
Yum! Brands, Inc. 1,400 69,146
 
    2,528,014
Household Durables - 0.74%    
Cavco Industries, Inc. (I) 200 6,888
CSS Industries, Inc. 300 5,004
Ethan Allen Interiors, Inc. 200 2,722
Fortune Brands, Inc. 7,010 379,101
Harman International Industries, Inc. 700 20,006
Hooker Furniture Corp. 500 4,525
iRobot Corp. (I) 200 5,032
M/I Homes, Inc. (I) 700 4,207
Meritage Homes Corp. (I) 300 4,542
PDG Realty SA Empreendimentos    
e Participacoes 16,200 52,815
Persimmon PLC 16,820 118,817
Tempur-Pedic International, Inc. (I) 200 10,522
Whirlpool Corp. 4,980 248,552
 
    862,733
Internet & Catalog Retail - 1.83%    
Amazon.com, Inc. (I)(L) 6,600 1,427,118
Blue Nile, Inc. (I)(L) 230 8,114
HSN, Inc. (I) 340 11,264
Liberty Media Corp. - Interactive, Series A (I) 10,300 152,131
Makemytrip, Ltd. (I) 500 11,040
priceline.com, Inc. (I)(L) 1,200 539,352
 
    2,149,019
Leisure Equipment & Products - 0.39%    
Black Diamond, Inc. (I) 900 5,868
Brunswick Corp. 1,000 14,040
Hasbro, Inc. 100 3,261
Mattel, Inc. 12,100 313,269
Nikon Corp. 4,000 93,991
Sankyo Company, Ltd. 400 21,579
 
    452,008
Media - 2.12%    
Aegis Group PLC 15,211 29,217
Cablevision Systems Corp., Class A 8,150 128,200
Comcast Corp., Class A 7,800 163,020
DIRECTV, Class A (I) 700 29,575
Discovery Communications, Inc., Series A (I) 500 18,810
Discovery Communications, Inc., Series C (I) 5,850 205,628
DISH Network Corp. (I) 1,000 25,060
DreamWorks Animation SKG, Inc. (I)(L) 1,300 23,634
Informa PLC 7,213 36,678
Jupiter Telecommunications Company, Ltd. 114 122,570
Knology, Inc. (I) 700 9,086

 

37

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Lamar Advertising Company, Class A (I) 1,300 $ 22,139
Liberty Media Corp. - Starz, Series A (I) 480 30,509
Live Nation Entertainment, Inc. (I) 1,000 8,010
Meredith Corp. (L) 1,000 22,640
Morningstar, Inc. 500 28,220
Omnicom Group, Inc. 1,500 55,260
Scholastic Corp. 1,100 30,833
Television Broadcasting Company, Ltd. 5,000 27,260
The Madison Square Garden, Inc., Class A (I) 3,787 86,344
The McGraw-Hill Companies, Inc. 7,300 299,300
The New York Times Company, Class A (I)(L) 10,200 59,262
The Walt Disney Company 12,700 383,032
The Washington Post Company, Class B 130 42,506
Time Warner, Inc. 12,650 379,121
WPP PLC 23,044 212,515
 
    2,478,429
Multiline Retail - 0.55%    
Dollar General Corp. (I) 1,850 69,856
Dollar Tree, Inc. (I) 350 26,289
Fred’s, Inc., Class A 500 5,330
J.C. Penney Company, Inc. 600 16,068
Kohl’s Corp. 3,750 184,125
Lojas Renner SA 1,800 48,488
Macy’s, Inc. 5,600 147,392
Parkson Retail Group, Ltd. 39,000 46,102
PPR 747 96,364
 
    640,014
Specialty Retail - 1.48%    
Aaron’s, Inc. 1,200 30,300
ANN, Inc. (I) 800 18,272
Bed Bath & Beyond, Inc. (I) 4,300 246,433
CarMax, Inc. (I) 1,600 38,160
Esprit Holdings, Ltd. 8,769 10,695
Hibbett Sports, Inc. (I) 700 23,723
Home Depot, Inc. 13,250 435,528
Inditex SA 1,142 97,798
Kingfisher PLC 30,312 116,191
Limited Brands, Inc. 500 19,255
Lumber Liquidators Holdings, Inc. (I)(L) 300 4,530
MarineMax, Inc. (I)(L) 1,100 7,117
Monro Muffler Brake, Inc. 500 16,485
New York & Company, Inc. (I) 900 2,871
O’Reilly Automotive, Inc. (I) 4,550 303,167
Pier 1 Imports, Inc. (I) 800 7,824
Rue21, Inc. (I)(L) 400 9,076
Staples, Inc. 14,200 188,860
Stein Mart, Inc. 700 4,375
The Gap, Inc. 2,500 40,600
The Men’s Wearhouse, Inc. 700 18,256
Tiffany & Company 1,450 88,189
Zumiez, Inc. (I) 500 8,755
 
    1,736,460
Textiles, Apparel & Luxury Goods - 0.95%    
Carter’s, Inc. (I) 510 15,575
Cie Financiere Richemont SA 3,936 174,722
Coach, Inc. 2,800 145,124
Fossil, Inc. (I) 1,700 137,802
JG Boswell Company 7 4,725
NIKE, Inc., Class B 3,400 290,734
Ralph Lauren Corp. 2,230 289,231
Steven Madden, Ltd. (I) 350 10,535
True Religion Apparel, Inc. (I) 300 8,088

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods (continued)    
Under Armour, Inc., Class A (I) 500 $ 33,205
 
    1,109,741
 
    13,518,261
Consumer Staples - 3.68%    
Beverages - 0.68%    
Brown Forman Corp., Class B 150 10,521
Coca-Cola Bottling Company Consolidated 50 2,773
Hansen Natural Corp. (I) 600 52,374
Kirin Holdings Company, Ltd. 11,000 143,605
Molson Coors Brewing Company, Class B 2,900 114,869
PepsiCo, Inc. 4,700 290,930
Pernod-Ricard SA 1,894 148,505
The Coca-Cola Company 450 30,402
 
    793,979
Food & Staples Retailing - 0.65%    
Costco Wholesale Corp. 100 8,212
FamilyMart Company, Ltd. 2,600 99,312
Pricesmart, Inc. 400 24,928
Shoppers Drug Mart Corp. 1,100 42,881
Sysco Corp. 700 18,130
Tesco PLC 59,365 347,253
The Fresh Market, Inc. (I)(L) 500 19,080
The Kroger Company 1,800 39,528
Whole Foods Market, Inc. 2,400 156,744
 
    756,068
Food Products - 1.46%    
Archer-Daniels-Midland Company 7,900 195,999
Campbell Soup Company (L) 6,920 224,000
ConAgra Foods, Inc. 8,100 196,182
Flowers Foods, Inc. 2,200 42,812
House Food Corp. 1,300 24,976
McCormick & Company, Inc. (L) 3,200 147,712
Nestle SA 8,215 451,581
Sara Lee Corp. 700 11,445
The Hershey Company 3,550 210,302
Tootsie Roll Industries, Inc. (L) 506 12,205
Unilever PLC 6,289 197,008
 
    1,714,222
Household Products - 0.60%    
Clorox Company (L) 4,840 321,037
Kimberly-Clark Corp. 5,160 366,412
Oil-Dri Corp of America 500 9,290
The Procter & Gamble Company 110 6,950
 
    703,689
Personal Products - 0.29%    
Avon Products, Inc. 12,600 246,960
L’Oreal SA 810 79,260
The Estee Lauder Companies, Inc., Class A 110 9,662
 
    335,882
Tobacco - 0.00%    
Alliance One International, Inc. (I) 1,700 4,148
 
    4,307,988
Energy - 6.35%    
Energy Equipment & Services - 1.58%    
Atwood Oceanics, Inc. (I) 400 13,744
Baker Hughes, Inc. 2,000 92,320
Cameron International Corp. (I) 3,170 131,682
CARBO Ceramics, Inc. 220 22,557
China Oilfield Services, Ltd. 46,000 57,599

 

38

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy Equipment & Services (continued)    
Diamond Offshore Drilling, Inc. (L) 4,000 $ 218,960
Exterran Holdings, Inc. (I)(L) 1,700 16,524
FMC Technologies, Inc. (I)(L) 4,310 162,056
Fugro NV 503 25,469
Gulf Islands Fabrication, Inc. 200 4,136
Halliburton Company 3,000 91,560
Hercules Offshore, Inc. (I) 1,000 2,920
McDermott International, Inc. (I) 3,400 36,584
Modec, Inc. 1,300 22,984
Oil States International, Inc. (I) 230 11,712
Rignet, Inc. (I) 225 3,607
Saipem SpA 1,567 54,944
Schlumberger, Ltd. 13,430 802,174
Tetra Technologies, Inc. (I) 1,900 14,668
Trican Well Service, Ltd. 1,400 19,853
Union Drilling, Inc. (I) 700 3,290
Weatherford International, Ltd. (I) 600 7,326
WorleyParsons, Ltd. 1,196 29,843
 
    1,846,512
Oil, Gas & Consumable Fuels - 4.77%    
Anadarko Petroleum Corp. 4,680 295,074
Approach Resources, Inc. (I) 200 3,398
Arch Coal, Inc. (L) 900 13,122
Beach Energy, Ltd. 94,392 97,236
BG Group PLC 6,557 124,860
BP PLC, ADR 9,900 357,093
Chevron Corp. 8,590 794,747
Cimarex Energy Company 100 5,570
Clayton Williams Energy, Inc. (I) 100 4,281
Cloud Peak Energy, Inc. (I) 1,000 16,950
Concho Resources, Inc. (I) 1,500 106,710
ConocoPhillips 2,480 157,034
Consol Energy, Inc. 1,220 41,395
Contango Oil & Gas Company (I) 80 4,377
Continental Resources, Inc. (I) 200 9,674
El Paso Corp. 1,100 19,228
Enbridge, Inc. (I) 25,000 27,346
Eni SpA 5,037 88,502
EOG Resources, Inc. 2,700 191,727
EQT Corp. 3,340 178,222
Exxon Mobil Corp. 8,900 646,407
Forest Oil Corp. (I) 300 4,320
Geomet, Inc. (I) 300 232
Goodrich Petroleum Corp. (I) 400 4,728
Hess Corp. 450 23,607
Marathon Oil Corp. 100 2,158
Murphy Oil Corp. 7,090 313,094
Nexen, Inc. 2,400 37,176
Northern Oil and Gas, Inc. (I)(L) 1,900 36,841
Oasis Petroleum, Inc. (I)(L) 800 17,864
Occidental Petroleum Corp. 1,200 85,800
Peabody Energy Corp. 4,750 160,930
Penn Virginia Corp. (L) 1,000 5,570
Petroleo Brasileiro S.A., ADR 2,600 58,370
Petroleo Brasileiro, ADR 3,300 68,376
QEP Resources, Inc. 1,200 32,484
Quicksilver Resources, Inc. (I)(L) 2,000 15,160
Range Resources Corp. (L) 3,020 176,549
Royal Dutch Shell PLC, ADR 8,600 529,072
Royal Dutch Shell PLC, ADR, Class B 7,000 434,350
SM Energy Company 520 31,538
Spectra Energy Corp. 5,600 137,368
Statoil ASA 9,721 207,707
Swift Energy Company (I) 300 7,302

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Ultra Petroleum Corp. (I) 620 $ 17,186
Venoco, Inc. (I) 400 3,524
 
    5,594,259
 
    7,440,771
Financials - 10.11%    
Capital Markets - 1.80%    
Ameriprise Financial, Inc. 2,180 85,805
Ares Capital Corp. 1,400 19,278
Capital Southwest Corp. 90 6,660
Close Brothers Group PLC 3,127 31,934
Credit Suisse Group AG (I) 3,459 89,758
Deutsche Bank AG 2,176 75,816
E*TRADE Financial Corp. (I) 4,610 41,997
Eaton Vance Corp. 700 15,589
Edelman Financial Group, Inc. 1,300 8,398
Federated Investors, Inc., Class B (L) 600 10,518
Financial Engines, Inc. (I) 800 14,488
Franklin Resources, Inc. 4,900 468,636
GFI Group, Inc. 1,900 7,638
Greenhill & Company, Inc. (L) 750 21,443
Hercules Technology Growth Capital, Inc. 1,000 8,520
Invesco, Ltd. 11,300 175,263
Janus Capital Group, Inc. (L) 2,900 17,400
Jefferies Group, Inc. (I) 35,000 34,275
JMP Group, Inc. 800 4,648
KBW, Inc. 500 6,895
Legg Mason, Inc. 8,900 228,819
Macquarie Group, Ltd. 2,978 63,703
Morgan Stanley 5,100 68,850
Northern Trust Corp. 8,580 300,128
PennantPark Investment Corp. 600 5,352
Safeguard Scientifics, Inc. (I) 500 7,500
State Street Corp. 2,260 72,682
Stifel Financial Corp. (I) 250 6,640
TD Ameritrade Holding Corp. 2,900 42,645
The Bank of New York Mellon Corp. 8,550 158,945
The Charles Schwab Corp. 300 3,381
The Goldman Sachs Group, Inc. 100 9,455
 
    2,113,059
Commercial Banks - 2.89%    
Australia & New Zealand Banking Group, Ltd. 10,164 188,761
Banco Santander Brasil SA, ADR 10,800 79,056
Banco Santander SA 2,578 21,075
Barclays PLC, ADR (L) 14,250 139,365
BNP Paribas 3,172 125,555
Bridge Capital Holdings (I) 400 4,024
Burke & Herbert Bank & Trust 2 4,506
China Citic Bank Corp., Ltd. (I) 153,515 61,349
Chuo Mitsui Trust Holdings, Inc. 31,000 102,480
CIT Group, Inc. (I) 950 28,852
CoBiz Financial, Inc. (L) 1,000 4,470
Columbia Banking System, Inc. 600 8,592
Commerce Bancshares, Inc. 415 14,421
DBS Group Holdings, Ltd. 7,000 62,753
DnB NOR ASA 15,321 152,953
East West Bancorp, Inc. 1,500 22,365
Erste Group Bank AG 1,237 31,530
Farmers & Merchants Bank of Long Beach 2 8,000
First Horizon National Corp. 2,273 13,547
Glacier Bancorp, Inc. 900 8,433
Home Bancshares, Inc. 500 10,610
Intesa Sanpaolo SpA 14,341 22,408
KeyCorp 2,600 15,418

 

39

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Mitsubishi UFJ Financial Group 17,900 $ 80,453
Nordea Bank AB 14,150 114,336
PNC Financial Services Group, Inc. 4,700 226,493
Preferred Bank/Los Angeles CA (I) 960 7,622
Regions Financial Corp. 15,250 50,783
Sandy Spring Bancorp, Inc. 300 4,389
Signature Bank (I) 380 18,137
Societe Generale 1,506 39,459
Standard Chartered PLC 7,799 155,663
SunTrust Banks, Inc. 10,200 183,090
SVB Financial Group (I) 500 18,500
Svenska Handelsbanken AB, Series A 3,563 90,579
Swedbank AB, Class A 10,764 118,613
TCF Financial Corp. 1,300 11,908
Texas Capital Bancshares, Inc. (I) 500 11,425
The Bank of Yokohama, Ltd. 9,000 45,089
U.S. Bancorp 22,150 521,411
Washington Trust Bancorp, Inc. 600 11,868
Wells Fargo & Company 21,450 517,374
Westamerica Bancorp. (L) 370 14,178
Western Alliance Bancorp (I) 1,200 6,576
Wintrust Financial Corp. (L) 130 3,355
 
    3,381,824
Consumer Finance - 1.12%    
American Express Company 20,330 912,817
Capital One Financial Corp. 4,350 172,391
Discover Financial Services 1,600 36,704
Green Dot Corp., Class A (I) 460 14,407
SLM Corp. 14,350 178,658
 
    1,314,977
Diversified Financial Services - 1.51%    
Bank of America Corp. 36,070 220,748
BM&F Bovespa SA 16,700 78,071
CBOE Holdings, Inc. 800 19,576
Challenger, Ltd. 12,551 50,908
CME Group, Inc. 130 32,032
Compass Diversified Holdings (L) 500 6,090
Deutsche Boerse AG (I) 544 27,317
ING Groep NV (I) 4,461 31,397
Interactive Brokers Group, Inc., Class A 500 6,965
IntercontinentalExchange, Inc. (I) 2,240 264,902
JPMorgan Chase & Company 25,670 773,180
Mitsubishi UFJ Lease &    
Finance Company, Ltd. 1,930 77,086
MSCI, Inc. (I) 1,654 50,166
NYSE Euronext 5,520 128,285
 
    1,766,723
Insurance - 2.02%    
AIA Group, Ltd. 32,000 90,978
Alterra Capital Holdings, Ltd. (L) 1,500 28,455
AON Corp. 640 26,867
Assured Guaranty, Ltd. 1,200 13,188
AXA SA 12,267 159,276
Axis Capital Holdings, Ltd. 500 12,970
Chubb Corp. 2,130 127,779
Fidelity National Financial, Inc., Class A 1,800 27,324
First American Financial Corp. 1,800 23,040
Fortegra Financial Corp. (I) 300 1,575
HCC Insurance Holdings, Inc. 400 10,820
Infinity Property & Casualty Corp. 100 5,248
Kemper Corp. 400 9,584
Lincoln National Corp. 7,230 113,005
Markel Corp. (I) 46 16,428

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Marsh & McLennan Companies, Inc. 14,800 $ 392,792
Muenchener Rueckversicherungs - Gesellschaft    
AG (MunichRe) 1,058 131,144
National Interstate Corp. 300 6,594
OneBeacon Insurance Group, Ltd. 400 5,456
Principal Financial Group, Inc. 900 20,403
ProAssurance Corp. 450 32,409
Prudential Financial, Inc. 2,850 133,551
Prudential PLC 7,263 62,165
QBE Insurance Group, Ltd. 5,617 68,918
SeaBright Holdings, Inc. 500 3,600
Sony Financial Holdings, Inc. 7,300 110,397
Sun Life Financial, Inc. (L) 5,950 141,551
Sun Life Financial, Inc. (Toronto    
Stock Exchange) 6,000 143,315
Swiss Life Holding (I) 584 63,833
The Allstate Corp. 11,900 281,911
The Progressive Corp. 1,100 19,536
W.R. Berkley Corp. 900 26,721
White Mountains Insurance Group, Ltd. 90 36,518
Willis Group Holdings PLC 400 13,748
 
    2,361,099
Real Estate Investment Trusts - 0.47%    
Acadia Realty Trust 500 9,350
CBL & Associates Properties, Inc. 900 10,224
Cedar Shopping Centers, Inc. 1,300 4,043
Cousins Properties, Inc. 703 4,113
DiamondRock Hospitality Company 900 6,291
EastGroup Properties, Inc. 100 3,814
Federal Realty Investment Trust 120 9,889
First Potomac Realty Trust 500 6,235
General Growth Properties, Inc. 1,112 13,455
Hatteras Financial Corp. 400 10,064
Kilroy Realty Corp. 600 18,780
Kite Realty Group Trust 1,000 3,660
LaSalle Hotel Properties 500 9,600
Pebblebrook Hotel Trust 600 9,390
Potlatch Corp. 500 15,760
Prologis, Inc. 546 13,241
Redwood Trust, Inc. (L) 1,200 13,404
Saul Centers, Inc. 200 6,762
SL Green Realty Corp. 70 4,071
Strategic Hotels & Resorts, Inc. (I) 1,900 8,189
Unibail-Rodamco SE 668 119,052
Washington Real Estate Investment Trust 400 11,272
Weingarten Realty Investors 500 10,585
Westfield Retail Trust 41,921 97,247
Weyerhaeuser Company (L) 8,099 125,939
 
    544,430
Real Estate Management & Development - 0.26%    
CB Richard Ellis Group, Inc., Class A 4,400 59,224
Forest City Enterprises, Inc., Class A (I) 900 9,594
Goldcrest Company, Ltd. 930 17,149
Jones Lang LaSalle, Inc. 100 5,181
Kerry Properties, Ltd. 21,000 66,043
Mitsui Fudosan Company, Ltd. 4,000 63,309
Soho China, Ltd. 109,500 68,037
The St. Joe Company (I)(L) 1,300 19,487
 
    308,024
Thrifts & Mortgage Finance - 0.04%    
BankUnited, Inc. (L) 1,000 20,760
Capitol Federal Financial, Inc. 2,512 26,527

 

40

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thrifts & Mortgage Finance (continued)    
Radian Group, Inc. 1,300 $ 2,847
    50,134
    11,840,270
Health Care - 5.88%    
Biotechnology - 1.17%    
Abcam PLC 2,030 11,431
Alexion Pharmaceuticals, Inc. (I) 2,440 156,306
Alkermes PLC (I) 600 9,156
Amarin Corp. PLC, ADR (I) 200 1,840
Amgen, Inc. 4,270 234,637
Biogen Idec, Inc. (I) 1,800 167,670
Celgene Corp. (I) 5,900 365,328
Cephalon, Inc. (I) 930 75,051
CSL, Ltd. 3,201 91,307
Exelixis, Inc. (I) 2,000 10,920
Human Genome Sciences, Inc. (I) 1,400 17,766
Idenix Pharmaceuticals, Inc. (I) 1,300 6,487
Incyte Corp. (I)(L) 1,700 23,749
InterMune, Inc. (I) 300 6,060
Lexicon Pharmaceuticals, Inc. (I) 5,500 5,059
Momenta Pharmaceuticals, Inc. (I) 800 9,200
Pharmasset, Inc. (I) 560 46,127
Regeneron Pharmaceuticals, Inc. (I) 800 46,560
Seattle Genetics, Inc. (I)(L) 500 9,530
Theravance, Inc. (I) 1,000 20,140
Vertex Pharmaceuticals, Inc. (I) 1,290 57,457
 
    1,371,781
Health Care Equipment & Supplies - 0.63%    
Analogic Corp. 200 9,082
AngioDynamics, Inc. (I) 600 7,884
Atrion Corp. 30 6,222
Baxter International, Inc. 1,900 106,666
C.R. Bard, Inc. 390 34,141
CareFusion Corp. (I) 1,300 31,135
Covidien PLC 700 30,870
DENTSPLY International, Inc. 1,300 39,897
Dynavox, Inc., Class A (I) 100 360
Edwards Lifesciences Corp. (I) 840 59,875
Elekta AB, Series B 3,126 117,195
HeartWare International, Inc. (I)(L) 240 15,458
IDEXX Laboratories, Inc. (I)(L) 420 28,967
Intuitive Surgical, Inc. (I) 10 3,643
Quidel Corp. (I)(L) 700 11,459
Stryker Corp. 3,200 150,816
Terumo Corp. 1,200 62,414
West Pharmaceutical Services, Inc. 100 3,710
Zimmer Holdings, Inc. (I) 350 18,725
 
    738,519
Health Care Providers & Services - 1.43%    
AMERIGROUP Corp. (I)(L) 600 23,406
Capital Senior Living Corp. (I) 1,300 8,021
Cardinal Health, Inc. 5,420 226,990
Centene Corp. (I) 300 8,601
Express Scripts, Inc. (I) 6,800 252,076
Fleury SA 1,400 16,708
Fresenius SE & Company KGaA 1,599 141,910
Health Management    
Associates, Inc., Class A (I) 1,500 10,380
Healthsouth Corp. (I)(L) 2,000 29,860
Henry Schein, Inc. (I) 1,305 80,923
HMS Holdings Corp. (I) 600 14,634
Kindred Healthcare, Inc. (I) 1,000 8,620

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
Laboratory Corp. of America Holdings (I) 250 $ 19,763
Landauer, Inc. 230 11,394
LCA-Vision, Inc. (I) 1,600 3,424
McKesson Corp. 6,270 455,829
Mednax, Inc. (I) 170 10,649
National Healthcare Corp. 100 3,230
Owens & Minor, Inc. 705 20,078
PSS World Medical, Inc. (I) 500 9,845
Quest Diagnostics, Inc. 3,300 162,888
Select Medical Holdings Corp. (I) 1,200 8,004
Tenet Healthcare Corp. (I) 3,100 12,803
Triple-S Management Corp., Class B (I) 900 15,075
UnitedHealth Group, Inc. 2,200 101,464
Universal Health Services, Inc., Class B 300 10,200
VCA Antech, Inc. (I) 500 7,990
 
    1,674,765
Health Care Technology - 0.09%    
Allscripts Healthcare Solutions, Inc. (I) 600 10,812
athenahealth, Inc. (I) 300 17,865
Cerner Corp. (I) 100 6,852
HealthStream, Inc. (I) 600 7,698
SXC Health Solutions Corp. (I) 1,080 60,156
 
    103,383
Life Sciences Tools & Services - 0.19%    
BG Medicine, Inc. (I) 100 355
Bruker Corp. (I) 1,770 23,948
Covance, Inc. (I) 640 29,088
Illumina, Inc. (I) 520 21,278
QIAGEN NV (I) 900 12,447
Thermo Fisher Scientific, Inc. (I) 2,700 136,728
Waters Corp. (I) 20 1,510
 
    225,354
Pharmaceuticals - 2.37%    
Allergan, Inc. 2,900 238,902
Astellas Pharma, Inc. 2,200 82,996
AVANIR Pharmaceuticals, Class A (I) 1,600 4,576
Bayer AG 2,049 112,605
Bristol-Myers Squibb Company 8,590 269,554
Cardiome Pharma Corp. (I)(L) 1,000 3,290
Chugai Pharmaceutical Company, Ltd. 1,800 30,502
Elan Corp. PLC, ADR (I) 1,600 16,848
Forest Laboratories, Inc. (I) 340 10,469
GlaxoSmithKline PLC, ADR 9,920 409,597
Hospira, Inc. (I) 300 11,100
Johnson & Johnson 6,730 428,768
Merck & Company, Inc. 9,500 310,745
Pfizer, Inc. 17,911 316,666
Roche Holdings AG 649 104,412
Sanofi 5,796 380,560
Shire PLC, ADR 100 9,393
The Medicines Company (I) 600 8,928
Valeant Pharmaceuticals International, Inc.    
(Toronto Exchange) 423 15,702
XenoPort, Inc. (I) 900 5,310
 
    2,770,923
 
    6,884,725
Industrials - 8.98%    
Aerospace & Defense - 1.87%    
American Science & Engineering, Inc. 100 6,105
Finmeccanica SpA 7,632 52,680
Goodrich Corp. 190 22,929

 

41

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Aerospace & Defense (continued)    
HEICO Corp., Class A 450 $ 15,147
Hexcel Corp. (I) 1,100 24,376
Honeywell International, Inc. 9,100 399,581
ITT Corp. 3,900 163,800
Kratos Defense & Security Solutions, Inc. (I) 500 3,360
Lockheed Martin Corp. 2,130 154,723
Precision Castparts Corp. 2,900 450,834
Raytheon Company 1,550 63,349
Rockwell Collins, Inc. 310 16,356
Rolls-Royce Holdings PLC (I) 12,097 110,915
Taser International, Inc. (I) 1,700 7,327
Textron, Inc. 4,800 84,672
The Boeing Company 4,920 297,709
United Technologies Corp. 4,500 316,620
 
    2,190,483
Air Freight & Logistics - 0.65%    
C.H. Robinson Worldwide, Inc. 100 6,847
Expeditors International of Washington, Inc. 2,600 105,430
FedEx Corp. 5,000 338,400
HUB Group, Inc., Class A (I) 700 19,789
United Parcel Service, Inc., Class B 4,380 276,597
UTI Worldwide, Inc. 1,500 19,560
 
    766,623
Airlines - 0.07%    
Alaska Air Group, Inc. (I) 100 5,629
Allegiant Travel Company (I) 340 16,024
Delta Air Lines, Inc. (I) 1,600 12,000
Skywest, Inc. 1,100 12,661
Southwest Airlines Company 4,900 39,396
 
    85,710
Building Products - 0.13%    
Ameron International Corp. 50 4,247
AO Smith Corp. 295 9,449
Insteel Industries, Inc. 200 2,014
Masco Corp. 12,400 88,288
Quanex Building Products Corp. 600 6,570
Universal Forest Products, Inc. 500 12,025
USG Corp. (I)(L) 4,550 30,622
 
    153,215
Commercial Services & Supplies - 0.25%    
American Reprographics Company (I) 600 2,016
Avery Dennison Corp. 4,300 107,844
Cintas Corp. 900 25,326
Clean Harbors, Inc. (I) 620 31,806
G&K Services, Inc., Class A 200 5,108
Higher One Holdings, Inc. (I)(L) 360 5,857
InnerWorkings, Inc. (I)(L) 1,000 7,840
Interface, Inc., Class A 500 5,930
McGrath Rentcorp 800 19,032
Mine Safety Appliances Company 500 13,480
Mobile Mini, Inc. (I) 600 9,864
US Ecology, Inc. 400 6,188
Waste Connections, Inc. 1,420 48,024
 
    288,315
Construction & Engineering - 0.17%    
Bouygues SA (L) 2,408 79,687
Carillion PLC 8,646 44,609
China Railway Construction Corp. 64,500 27,029
Insituform Technologies, Inc., Class A (I) 600 6,948
Pike Electric Corp. (I) 700 4,739
Quanta Services, Inc. (I) 1,700 31,943

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Construction & Engineering (continued)    
Sterling Construction Company, Inc. (I) 200 $ 2,234
 
    197,189
Electrical Equipment - 0.97%    
A123 Systems, Inc. (I)(L) 600 2,064
ABB, Ltd. (I) 5,864 100,144
Acuity Brands, Inc. 600 21,624
AMETEK, Inc. 1,190 39,234
Belden, Inc. 400 10,316
Cooper Industries PLC 5,130 236,596
Emerson Electric Company 7,100 293,301
Franklin Electric Company, Inc. 200 7,256
Legrand SA, ADR 2,590 80,743
Mitsubishi Electric Corp. 18,000 159,415
Roper Industries, Inc. 1,970 135,753
The Babcock & Wilcox Company (I) 1,500 29,325
Woodward, Inc. 600 16,440
 
    1,132,211
Industrial Conglomerates - 2.26%    
3M Company 7,700 552,783
Cookson Group PLC 9,169 61,470
Danaher Corp. 20,400 855,576
DCC PLC 3,710 93,073
DCC PLC (Irish Stock Exchange) 313 7,876
General Electric Company 44,500 678,180
Hutchison Whampoa, Ltd. 9,000 66,624
Koninklijke Philips Electronics NV 5,566 99,635
SembCorp Industries, Ltd. 43,000 110,960
Siemens AG 1,297 117,174
 
    2,643,351
Machinery - 0.88%    
3D Systems Corp. (I)(L) 1,500 20,985
Astec Industries, Inc. (I) 200 5,856
Badger Meter, Inc. 200 5,786
Cargotec Corp. OYJ 1,340 32,375
Cascade Corp. 100 3,339
Caterpillar, Inc. 750 55,380
Charter International PLC 700 9,400
CIRCOR International, Inc. 300 8,811
Colfax Corp. (I)(L) 700 14,182
Crane Company 300 10,707
Cummins, Inc. 860 70,228
Deere & Company 1,100 71,027
Energy Recovery, Inc. (I) 2,100 6,321
EnPro Industries, Inc. (I) 300 8,904
Gardner Denver, Inc. 520 33,046
IDEX Corp. 700 21,812
Illinois Tool Works, Inc. 7,260 302,016
Ingersoll-Rand PLC 700 19,663
Joy Global, Inc. 1,650 102,927
Lydall, Inc. (I) 600 5,340
Makita Corp. 1,000 35,618
Middleby Corp. (I) 290 20,433
Nordson Corp. 320 12,717
Pall Corp. 600 25,440
RBC Bearings, Inc. (I) 300 10,197
Robbins & Myers, Inc. 300 10,413
Stanley Black & Decker, Inc. 600 29,460
Sun Hydraulics, Inc. 400 8,152
The Toro Company 100 4,927
Toshiba Machine Company, Ltd. 4,000 16,657
Valmont Industries, Inc. 130 10,132

 

42

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
WABCO Holdings, Inc. (I) 1,100 $ 41,646
    1,033,897
Marine - 0.09%    
A P Moller Maersk A/S, Series A 13 76,520
International Shipholding Corp. 100 1,849
Kirby Corp. (I) 300 15,792
Nippon Yusen Kabushiki Kaisha 6,000 16,198
 
    110,359
Professional Services - 0.22%    
CoStar Group, Inc. (I) 300 15,591
Equifax, Inc. 450 13,833
FTI Consulting, Inc. (I)(L) 600 22,086
IHS, Inc., Class A (I) 570 42,642
Kforce, Inc. (I) 600 5,886
Korn/Ferry International (I) 1,400 17,066
Manpower, Inc. 1,740 58,499
Navigant Consulting Company (I) 1,000 9,270
Robert Half International, Inc. 1,000 21,220
The Advisory Board Company (I) 300 19,359
Verisk Analytics, Inc., Class A (I) 800 27,816
 
    253,268
Road & Rail - 0.54%    
Canadian Pacific Railway Ltd. (L) 700 33,663
Central Japan Railway Company, Ltd. 16 139,409
Genesee & Wyoming, Inc., Class A (I) 500 23,260
Hertz Global Holdings, Inc. (I) 3,700 32,930
Kansas City Southern (I) 100 4,996
Landstar System, Inc. 820 32,439
Norfolk Southern Corp. 100 6,102
Patriot Transportation Holding, Inc. (I) 300 6,063
RailAmerica, Inc. (I) 900 11,727
Union Pacific Corp. 4,000 326,680
Universal Truckload Services, Inc. 700 9,100
Vitran Corp., Inc. (I) 500 1,975
 
    628,344
Trading Companies & Distributors - 0.88%    
Aceto Corp. 700 3,703
Air Lease Corp. (I) 1,700 32,640
Beacon Roofing Supply, Inc. (I)(L) 1,200 19,188
Fastenal Company (L) 12,160 404,685
Interline Brands, Inc. (I) 600 7,722
Kaman Corp., Class A 200 5,570
Mitsubishi Corp. 8,100 164,954
Mitsui & Company, Ltd. 11,700 169,346
MSC Industrial Direct Company, Inc., Class A 670 37,828
United Rentals, Inc. (I)(L) 600 10,104
W.W. Grainger, Inc. (L) 1,200 179,448
 
    1,035,188
    10,518,153
Information Technology - 11.01%    
Communications Equipment - 1.26%    
ADTRAN, Inc. 300 7,938
Alcatel-Lucent (I) 19,422 55,532
Aruba Networks, Inc. (I)(L) 500 10,455
Cisco Systems, Inc. 14,500 224,605
Finisar Corp. (I)(L) 600 10,524
Harris Corp. (L) 7,700 263,109
Ixia (I) 1,100 8,437
JDS Uniphase Corp. (I) 2,500 24,925
Juniper Networks, Inc. (I) 9,400 162,244
Motorola Mobility Holdings, Inc. (I) 1,830 69,137

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Communications Equipment (continued)    
Motorola Solutions, Inc. 200 $ 8,380
QUALCOMM, Inc. 12,600 612,738
ShoreTel, Inc. (I) 400 1,992
Tellabs, Inc. 4,600 19,734
 
    1,479,750
Computers & Peripherals - 2.47%    
Apple, Inc. (I) 6,200 2,363,316
EMC Corp. (I) 12,100 253,979
Hewlett-Packard Company 10,600 237,970
Intevac, Inc. (I) 600 4,194
NetApp, Inc. (I) 100 3,394
Synaptics, Inc. (I) 1,000 23,900
Xyratex, Ltd. 500 4,635
 
    2,891,388
Electronic Equipment, Instruments & Components - 0.63%  
AVX Corp. 1,250 14,838
Cognex Corp. 500 13,555
Corning, Inc. 21,200 262,032
Dolby Laboratories, Inc., Class A (I) 600 16,464
Electro Rent Corp. 400 5,524
Electro Scientific Industries, Inc. (I) 400 4,756
Elster Group SE, ADR (I) 500 7,475
FLIR Systems, Inc. 1,100 27,555
GTSI Corp. (I) 1,000 4,600
Hamamatsu Photonics KK 2,700 108,618
Hosiden Corp. 3,000 21,270
Littelfuse, Inc. 200 8,042
Molex, Inc., Class A 1,500 25,320
MTS Systems Corp. 100 3,064
National Instruments Corp. 200 4,572
Nippon Electric Glass Company, Ltd. 9,000 81,541
Orbotech, Ltd. (I) 800 7,744
SYNNEX Corp. (I) 200 5,240
TE Connectivity, Ltd. 1,200 33,768
Trimble Navigation, Ltd. (I) 1,100 36,905
Venture Corp., Ltd. 7,000 35,493
Zygo Corp. (I) 400 4,624
 
    733,000
Internet Software & Services - 2.41%    
Active Network, Inc./the (I) 700 10,325
Baidu, Inc., ADR (I) 5,300 566,623
Bankrate, Inc. (I) 400 6,084
Cornerstone Ondemand, Inc. (I) 400 5,016
eBay, Inc. (I) 9,100 268,359
Facebook, Inc., Class A (I)(R) 1,018 31,708
Facebook, Inc., Class B (I)(R) 4,294 133,746
Google, Inc., Class A (I) 2,600 1,337,388
Kakaku.com, Inc. 2,200 90,662
MercadoLibre, Inc. 80 4,300
OpenTable, Inc. (I) 100 4,601
Rackspace Hosting, Inc. (I) 1,100 37,554
RealNetworks, Inc. 325 2,740
SPS Commerce, Inc. (I) 400 6,516
Tencent Holdings, Ltd. 12,300 251,690
WebMD Health Corp. (I) 100 3,015
Yahoo!, Inc. (I) 4,100 53,956
Youku.com, Inc., ADR (I)(L) 600 9,816
 
    2,824,099
IT Services - 1.72%    
Accenture PLC, Class A 5,500 289,740
Amdocs, Ltd. (I) 1,200 32,544
Automatic Data Processing, Inc. 280 13,202

 

43

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
IT Services (continued)    
Computer Sciences Corp. 9,070 $ 243,530
CoreLogic, Inc. (I) 1,900 20,273
Fiserv, Inc. (I) 670 34,016
Gartner, Inc. (I) 1,800 62,766
Genpact, Ltd. (I) 900 12,951
Global Payments, Inc. 1,400 56,546
International Business Machines Corp. 600 105,018
Isoftstone Holdings, Ltd., ADR (I)(L) 600 3,894
Logica PLC 16,370 19,914
MasterCard, Inc., Class A 2,050 650,178
NS Solutions Corp. 1,200 27,326
Paychex, Inc. 700 18,459
SAIC, Inc. (I) 800 9,448
Sapient Corp. 1,700 17,238
StarTek, Inc. (I) 800 2,280
The Western Union Company 2,000 30,580
TNS, Inc. (I) 300 5,640
Visa, Inc., Class A 4,200 360,024
 
    2,015,567
Office Electronics - 0.13%    
Canon, Inc. 3,400 153,925
Semiconductors & Semiconductor Equipment - 1.39%  
Actions Semiconductor Co Ltd ADR 2,400 5,040
Advanced Energy Industries, Inc. (I) 600 5,172
Altera Corp. 2,380 75,041
Analog Devices, Inc. 6,060 189,375
Applied Materials, Inc. 16,350 169,223
ASML Holding NV 400 13,816
ASML Holding NV 3,801 132,078
Atmel Corp. (I) 1,700 13,719
Broadcom Corp., Class A (I) 8,710 289,956
Brooks Automation, Inc. 700 5,705
Cavium Inc. (I) 400 10,804
Cohu, Inc. 400 3,952
Cree, Inc. (I) 540 14,029
Cymer, Inc. (I) 100 3,718
Entegris, Inc. (I) 1,200 7,656
First Solar, Inc. (I) 90 5,689
GT Advanced Technologies Inc. (I) 800 5,616
Intersil Corp., Class A 2,300 23,667
Marvell Technology Group, Ltd. (I) 1,300 18,889
MEMC Electronic Materials, Inc. (I) 1,600 8,384
Microchip Technology, Inc. 700 21,777
Microsemi Corp. (I) 600 9,588
NVIDIA Corp. (I) 1,500 18,750
PMC-Sierra, Inc. (I) 1,700 10,166
Samsung Electronics Company, Ltd. 164 114,884
Silicon Laboratories, Inc. (I) 970 32,505
Standard Microsystems Corp. (I) 500 9,700
Sumco Corp. (I) 5,100 47,658
Supertex, Inc. (I) 200 3,460
Taiwan Semiconductor Manufacturing    
Company, Ltd., ADR 6,800 77,724
Texas Instruments, Inc. 3,600 95,940
Veeco Instruments, Inc. (I) 300 7,320
Xilinx, Inc. 6,200 170,128
 
    1,621,129
Software - 1.00%    
Ariba, Inc. (I) 1,300 36,023
Autodesk, Inc. (I) 2,900 80,562
Autonomy Corp. PLC (I) 991 39,254
Blackboard, Inc. (I) 400 17,864
Bottomline Technologies, Inc. (I) 500 10,070

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Cadence Design Systems, Inc. (I) 2,100 $ 19,404
Callidus Software, Inc. (I) 900 4,149
Concur Technologies, Inc. (I) 800 29,776
Electronic Arts, Inc. (I) 1,200 24,540
EPIQ Systems, Inc. 1,000 12,530
FactSet Research Systems, Inc. 610 54,272
Fortinet, Inc. (I) 900 15,120
GameLoft SA (I) 1,430 6,952
Informatica Corp. (I) 300 12,285
Intuit, Inc. 1,000 47,440
MICROS Systems, Inc. (I) 600 26,346
Microsoft Corp. 16,210 403,467
Nintendo Company, Ltd. 200 29,132
Nuance Communications, Inc. (I) 2,380 48,457
Progress Software Corp. (I) 950 16,673
QLIK Technologies, Inc. (I) 500 10,830
RealD, Inc. (I) 500 4,675
Red Hat, Inc. (I) 700 29,582
Rovi Corp. (I) 800 34,384
Salesforce.com, Inc. (I) 400 45,712
Software AG 1,327 41,940
Solera Holdings, Inc. 100 5,050
Sourcefire, Inc. (I) 600 16,056
SS&C Technologies Holdings, Inc. (I) 200 2,858
Taleo Corp. (I) 600 15,432
TIBCO Software, Inc. (I) 700 15,673
Ultimate Software Group, Inc. (I) 200 9,344
Websense, Inc. (I) 500 8,650
 
    1,174,502
 
    12,893,360
Materials - 3.48%    
Chemicals - 2.01%    
Air Products & Chemicals, Inc. 2,000 152,740
Air Water, Inc. 4,000 49,364
American Vanguard Corp. 600 6,696
Arch Chemicals, Inc. (L) 300 14,076
Asahi Kasei Corp. 18,000 108,033
BASF SE 2,026 122,928
E.I. du Pont de Nemours & Company 3,440 137,497
Ecolab, Inc. 300 14,667
Hawkins, Inc. 400 12,736
Hitachi Chemical, Ltd. 2,600 42,718
Innospec, Inc. (I) 600 14,526
International Flavors & Fragrances, Inc. 3,250 182,715
Koppers Holdings, Inc. 200 5,122
Minerals Technologies, Inc. 100 4,927
Monsanto Company 7,340 440,694
Nalco Holding Company 1,400 48,972
Penford Corp. (I) 500 2,570
Potash Corp. of Saskatchewan, Inc. 3,700 159,914
Praxair, Inc. 6,400 598,272
Rockwood Holdings, Inc. (I) 1,000 33,690
Senomyx, Inc. (I) 1,200 4,212
Showa Denko KK 12,000 23,627
Tosoh Corp. 7,000 21,871
Umicore SA 2,398 86,932
Wacker Chemie AG (L) 709 62,975
 
    2,352,474
Construction Materials - 0.16%    
Vulcan Materials Company (L) 6,900 190,164
Containers & Packaging - 0.02%    
Myers Industries, Inc. 500 5,075

 

44

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Containers & Packaging (continued)    
Temple-Inland, Inc. 500 $ 15,685
    20,760
Metals & Mining - 0.89%    
Agnico Eagle Mines, Ltd. 740 44,045
AngloGold Ashanti, Ltd., ADR 500 20,680
BHP Billiton, Ltd. 5,835 193,868
Carpenter Technology Corp. 700 31,423
Franco-Nevada Corp. 1,700 61,501
Freeport-McMoRan Copper & Gold, Inc. 100 3,045
Harry Winston Diamond Corp. (I) 1,100 11,190
Hudbay Minerals, Inc. 900 8,595
Kobe Steel, Ltd. 17,000 28,467
Nucor Corp. 7,940 251,222
Osisko Mining Corp. (I) 1,300 16,462
Rio Tinto PLC 2,220 98,046
Rio Tinto, Ltd. 3,323 194,554
Royal Gold, Inc. 230 14,734
Sandstorm Gold Ltd. (I) 5,800 5,812
Sims Metal Management, Ltd., ADR 400 4,736
SSAB AB, Series A 4,675 34,597
Stillwater Mining Company (I) 650 5,525
Synalloy Corp. 600 6,600
United States Steel Corp. (L) 500 11,005
 
    1,046,107
Paper & Forest Products - 0.40%    
Clearwater Paper Corp. (I) 380 12,912
Deltic Timber Corp. 150 8,952
International Paper Company 12,700 295,275
MeadWestvaco Corp. 6,000 147,360
 
    464,499
    4,074,004
Telecommunication Services - 2.57%    
Diversified Telecommunication Services - 1.38%    
AT&T, Inc. 19,320 551,006
CenturyLink, Inc. 5,784 191,566
Hellenic Telecommunications    
Organization SA, ADR (L) 1,900 4,161
Hutchison Telecommunications Hong    
Kong Holdings, Ltd. 74,000 25,906
Premiere Global Services, Inc. (I)(L) 500 3,210
Telecom Italia SpA, RSP 132,576 128,802
Telefonica SA 17,525 335,977
Telstra Corp., Ltd. 34,011 101,367
Verizon Communications, Inc. 7,300 268,640
 
    1,610,635
Wireless Telecommunication Services - 1.19%    
America Movil SAB de CV,    
Series L, ADR (L) 5,740 126,739
American Tower Corp., Class A (I) 10,290 553,602
KDDI Corp. 18 123,625
Softbank Corp. 2,200 64,400
Telephone & Data Systems, Inc. (L) 600 12,750
Telephone & Data Systems, Inc. -    
Special Shares 1,000 19,770
Vodafone Group PLC 43,891 113,342
Vodafone Group PLC, ADR 14,950 383,468
 
    1,397,696
    3,008,331

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Utilities - 2.93%    
Electric Utilities - 1.81%    
American Electric Power Company, Inc. 200 $ 7,604
Cleco Corp. 400 13,656
Duke Energy Corp. (L) 10,100 201,899
E.ON AG 5,685 123,984
El Paso Electric Company 800 25,672
Entergy Corp. 5,350 354,652
Exelon Corp. 8,500 362,185
FirstEnergy Corp. 4,713 211,661
Pepco Holdings, Inc. 300 5,676
Pinnacle West Capital Corp. 3,730 160,166
PPL Corp. 6,470 184,654
Progress Energy, Inc. 4,610 238,429
Scottish & Southern Energy PLC 10,902 218,028
Unisource Energy Corp. 300 10,827
 
    2,119,093
Gas Utilities - 0.01%    
Southwest Gas Corp. 440 15,915
Independent Power Producers & Energy Traders - 0.40%  
Calpine Corp. (I) 4,100 57,728
Constellation Energy Group, Inc. 9,370 356,622
GenOn Energy, Inc. (I) 10,446 29,040
NRG Energy, Inc. (I) 1,000 21,210
 
    464,600
Multi-Utilities - 0.71%    
Black Hills Corp. 300 9,192
GDF Suez 5,311 158,657
NiSource, Inc. (L) 16,300 348,494
NorthWestern Corp. 700 22,358
TECO Energy, Inc. 3,420 58,585
Vectren Corp. 600 16,248
Xcel Energy, Inc. 8,730 215,544
 
    829,078
 
    3,428,686
TOTAL COMMON STOCKS (Cost $81,652,750) $ 77,914,549
 
PREFERRED SECURITIES - 0.25%    
Consumer Discretionary - 0.25%    
Automobiles - 0.25%    
General Motors Company, Series B, 4.750% $ 4,300 $ 150,844
Volkswagen AG 1,085 143,545
 
    294,389
 
    294,389
TOTAL PREFERRED SECURITIES (Cost $340,110) $ 294,389
 
U.S. GOVERNMENT & AGENCY    
OBLIGATIONS - 21.54%    
U.S. Government - 8.61%    
U.S. Treasury Bonds    
3.500%, 02/15/2039 $ 105,000 $ 117,108
4.250%, 05/15/2039 355,000 448,132
4.375%, 05/15/2041 75,000 97,196
4.500%, 02/15/2036 to 08/15/2039 743,000 974,630
4.750%, 02/15/2041 125,000 171,387
5.250%, 02/15/2029 260,000 356,078
5.375%, 02/15/2031 100,000 141,156
6.000%, 02/15/2026 135,000 193,767
6.500%, 11/15/2026 35,000 52,883
U.S. Treasury Notes    
0.750%, 03/31/2013 650,000 655,181

 

45

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government (continued)      
U.S. Treasury Notes (continued)      
1.500%, 12/31/2013 $ 750,000 $ 770,039
1.875%, 04/30/2014   930,000 965,747
2.125%, 05/31/2015 to 08/15/2021   860,000 897,033
2.500%, 03/31/2013 to 03/31/2015   1,695,000 1,792,162
2.625%, 12/31/2014   615,000 657,137
2.750%, 11/30/2016   700,000 762,180
3.125%, 05/15/2019 to 05/15/2021   640,000 712,345
4.250%, 08/15/2015   235,000 267,239
4.750%, 05/15/2014   50,000 55,691
 
      10,087,091
U.S. Government Agency - 12.93%      
Federal Home Loan Bank 1.625%, 03/20/2013 425,000 432,928
Federal Home Loan Mortgage Corp.      
1.625%, 04/15/2013   100,000 101,939
4.000%, 06/01/2026 to 02/01/2041   236,277 247,785
4.500%, 12/01/2039 to 12/01/2040   475,650 504,915
4.750%, 11/17/2015   580,000 667,142
5.000%, 04/01/2040 to 08/01/2040   466,590 501,656
Federal National Mortgage Association      
1.500%, 06/26/2013   100,000 101,907
1.750%, 02/22/2013 to 05/07/2013   215,000 219,267
3.000%, 09/16/2014   600,000 642,037
3.500%, 11/01/2025 to 10/01/2041   492,078 513,796
4.000%, 07/01/2025 to 07/01/2041   1,727,310 1,817,970
4.125%, 04/15/2014   100,000 108,907
4.500%, 05/01/2024 to 07/01/2041   2,348,723 2,502,528
5.000%, 02/01/2021 to 07/01/2041   2,506,527 2,700,879
5.500%, 07/01/2022 to 05/01/2040   2,072,289 2,253,611
6.000%, 04/01/2035 to 09/01/2038   1,213,869 1,336,102
6.500%, 10/01/2036   260,699 288,153
Government National Mortgage Association      
4.500%, 11/20/2040   148,276 160,957
5.000%, 05/15/2039 to 09/15/2039   35,881 39,493
 
      15,141,972
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $24,161,439)   $ 25,229,063
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 0.57%      
Brazil - 0.10%      
Federative Republic of Brazil      
5.875%, 01/15/2019   100,000 114,750
Canada - 0.36%      
Canada Housing Trust      
1.375%, 01/27/2014   50,000 50,574
Export Development Canada      
3.500%, 05/16/2013   10,000 10,490
Province of British Columbia Canada      
2.100%, 05/18/2016   70,000 72,781
2.850%, 06/15/2015   25,000 26,671
Province of Manitoba      
2.125%, 04/22/2013   25,000 25,626
Province of New Brunswick      
2.750%, 06/15/2018   100,000 104,689
Province of Ontario      
2.300%, 05/10/2016   50,000 51,831
2.625%, 01/20/2012   20,000 20,128
Province of Quebec      
3.500%, 07/29/2020   50,000 53,487
 
      416,277

 

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Italy - 0.02%      
Republic of Italy      
3.125%, 01/26/2015 $ 25,000 $ 23,657
Mexico - 0.05%      
Government of Mexico      
5.950%, 03/19/2019   50,000 56,750
Sweden - 0.04%      
Svensk Exportkredit AB      
1.750%, 10/20/2015   50,000 50,750
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $639,729)   $ 662,184
 
CORPORATE BONDS - 7.94%      
Consumer Discretionary - 0.68%      
AutoZone, Inc.      
4.000%, 11/15/2020   25,000 25,077
British Sky Broadcasting Group PLC      
9.500%, 11/15/2018 (S)   15,000 19,299
Comcast Corp.      
5.700%, 05/15/2018   65,000 75,202
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
6.350%, 03/15/2040   75,000 83,738
Discovery Communications LLC      
5.625%, 08/15/2019   25,000 28,330
Grupo Televisa SAB      
6.625%, 01/15/2040   25,000 26,375
Harley-Davidson Financial Services, Inc.      
3.875%, 03/15/2016 (S)   35,000 36,040
Johnson Controls, Inc.      
1.750%, 03/01/2014   50,000 50,410
McDonald’s Corp.      
4.875%, 07/15/2040   25,000 28,662
NBC Universal Media LLC      
3.650%, 04/30/2015   25,000 26,315
News America, Inc.      
4.500%, 02/15/2021   25,000 25,153
6.150%, 03/01/2037   35,000 37,481
O’Reilly Automotive, Inc.      
4.875%, 01/14/2021   50,000 51,907
Omnicom Group, Inc.      
4.450%, 08/15/2020   45,000 45,461
6.250%, 07/15/2019   15,000 17,226
Target Corp.      
5.875%, 03/01/2012   10,000 10,219
TCM Sub LLC      
3.550%, 01/15/2015 (S)   25,000 26,606
Thomson Reuters Corp.      
6.500%, 07/15/2018   25,000 29,690
Time Warner Cable, Inc.      
8.250%, 04/01/2019   55,000 68,949
Time Warner, Inc.      
4.700%, 01/15/2021   25,000 26,168
6.100%, 07/15/2040   25,000 27,531
Yum! Brands Inc      
5.300%, 09/15/2019   25,000 28,265
 
      794,104
Consumer Staples - 0.42%      
Altria Group, Inc.      
8.500%, 11/10/2013   25,000 28,516
9.250%, 08/06/2019   10,000 13,123
Anheuser-Busch InBev Worldwide, Inc.      
2.875%, 02/15/2016   25,000 26,194

 

46

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Anheuser-Busch InBev      
Worldwide, Inc. (continued)      
6.875%, 11/15/2019 $ 35,000 $ 44,586
Bunge Ltd. Finance Corp.      
8.500%, 06/15/2019   10,000 12,474
Church & Dwight Company, Inc.      
3.350%, 12/15/2015   5,000 5,161
General Mills, Inc.      
1.550%, 05/16/2014   45,000 45,460
Kraft Foods, Inc.      
5.375%, 02/10/2020   50,000 56,659
Philip Morris International, Inc.      
2.500%, 05/16/2016   50,000 51,581
4.500%, 03/26/2020   25,000 27,849
Safeway, Inc.      
5.000%, 08/15/2019   15,000 16,395
The Coca-Cola Company      
1.500%, 11/15/2015   45,000 45,444
The Kroger Company      
5.000%, 04/15/2013   25,000 26,278
Wal-Mart Stores, Inc.      
3.250%, 10/25/2020   50,000 51,873
5.250%, 09/01/2035   20,000 23,009
Wesfarmers, Ltd.      
2.983%, 05/18/2016 (S)   15,000 15,194
 
      489,796
Energy - 0.87%      
Apache Corp.      
3.625%, 02/01/2021   25,000 26,264
Boardwalk Pipelines LP      
5.750%, 09/15/2019   25,000 27,936
Buckeye Partners LP      
4.875%, 02/01/2021   25,000 25,785
5.500%, 08/15/2019   25,000 27,403
Canadian Natural Resources, Ltd.      
6.250%, 03/15/2038   25,000 29,713
ConocoPhillips Company      
5.900%, 10/15/2032   45,000 55,027
Devon Financing Corp. ULC      
7.875%, 09/30/2031   25,000 35,084
Diamond Offshore Drilling, Inc.      
5.700%, 10/15/2039   25,000 27,899
Enbridge Energy Partners LP      
5.200%, 03/15/2020   25,000 26,635
Ensco PLC      
3.250%, 03/15/2016   50,000 50,802
Enterprise Products Operating LLC      
3.200%, 02/01/2016   50,000 51,109
Hess Corp.      
8.125%, 02/15/2019   15,000 19,355
Magellan Midstream Partners LP      
6.550%, 07/15/2019   15,000 17,744
Motiva Enterprises LLC      
6.850%, 01/15/2040 (S)   10,000 12,672
Nabors Industries, Inc.      
9.250%, 01/15/2019   25,000 31,659
Noble Energy, Inc.      
6.000%, 03/01/2041   50,000 55,973
Noble Holding International, Ltd.      
3.050%, 03/01/2016   25,000 25,746
3.450%, 08/01/2015   5,000 5,259
NuStar Logistics LP      
4.800%, 09/01/2020   25,000 26,277

 

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Occidental Petroleum Corp.      
4.125%, 06/01/2016 $ 35,000 $ 38,894
Petrobras International Finance Company      
5.875%, 03/01/2018   50,000 52,069
Petroleos Mexicanos      
4.875%, 03/15/2015   25,000 26,188
Plains All American Pipeline LP/PAA      
Finance Corp.      
5.750%, 01/15/2020   25,000 27,302
Schlumberger SA      
2.650%, 01/15/2016 (S)   50,000 51,527
Shell International Finance BV      
4.300%, 09/22/2019   25,000 28,118
Spectra Energy Capital LLC      
5.650%, 03/01/2020   20,000 22,307
Talisman Energy, Inc.      
3.750%, 02/01/2021   25,000 24,310
Transocean, Inc.      
4.950%, 11/15/2015   25,000 26,344
Valero Energy Corp.      
6.125%, 06/15/2017   50,000 55,674
9.375%, 03/15/2019   15,000 19,243
Weatherford International, Ltd.      
9.625%, 03/01/2019   25,000 32,335
Williams Partners LP      
4.125%, 11/15/2020   15,000 14,905
5.250%, 03/15/2020   25,000 26,925
 
      1,024,483
Financials - 3.58%      
ACE INA Holdings, Inc.      
5.900%, 06/15/2019   15,000 17,520
Aflac, Inc.      
3.450%, 08/15/2015   40,000 40,896
8.500%, 05/15/2019   10,000 12,186
American Express Company      
8.125%, 05/20/2019   60,000 75,812
American International Group      
4.250%, 09/15/2014   50,000 48,648
Ameriprise Financial, Inc.      
7.300%, 06/28/2019   15,000 18,432
Asian Development Bank      
2.625%, 02/09/2015   50,000 53,097
Bank of America Corp.      
3.625%, 03/17/2016   25,000 22,771
3.750%, 07/12/2016   35,000 31,864
6.500%, 08/01/2016   90,000 89,429
7.375%, 05/15/2014   35,000 36,100
Bank of New York Mellon Corp.      
1.500%, 01/31/2014   50,000 50,420
5.450%, 05/15/2019   10,000 11,568
Bank of Nova Scotia      
2.375%, 12/17/2013   50,000 51,406
BB&T Corp.      
3.950%, 04/29/2016   25,000 26,452
5.700%, 04/30/2014   10,000 10,919
Blackrock, Inc.      
5.000%, 12/10/2019   25,000 27,443
Boston Properties LP      
4.125%, 05/15/2021   25,000 24,012
Capital One Bank      
6.500%, 06/13/2013   25,000 26,682
Capital One Financial Corp.      
7.375%, 05/23/2014   35,000 39,110

 

47

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Citigroup, Inc.      
5.500%, 10/15/2014 $ 100,000 $ 103,941
8.500%, 05/22/2019   50,000 60,458
CME Group Index Services LLC      
4.400%, 03/15/2018 (S)   25,000 27,053
CNA Financial Corp.      
5.875%, 08/15/2020   25,000 25,721
Commonwealth Bank of Australia      
2.125%, 03/17/2014 (S)   25,000 25,103
5.000%, 10/15/2019 (S)   25,000 25,990
Credit Suisse AG      
5.400%, 01/14/2020   50,000 48,095
Credit Suisse USA, Inc.      
5.125%, 01/15/2014   25,000 26,204
Credit Suisse/New York      
5.500%, 05/01/2014   25,000 26,439
Crown Castle Towers LLC      
6.113%, 01/15/2020 (S)   49,000 55,145
Deutsche Bank AG      
3.875%, 08/18/2014   25,000 25,526
ERAC USA Finance LLC      
2.250%, 01/10/2014 (S)   25,000 25,144
5.250%, 10/01/2020 (S)   25,000 27,421
European Investment Bank      
1.375%, 10/20/2015   100,000 101,195
3.125%, 06/04/2014   25,000 26,575
Fifth Third Bancorp      
3.625%, 01/25/2016   50,000 50,861
General Electric Capital Corp.      
2.100%, 01/07/2014   25,000 25,158
5.300%, 02/11/2021   20,000 20,777
5.500%, 01/08/2020   100,000 109,212
5.625%, 05/01/2018   90,000 98,490
HSBC Bank USA NA      
4.625%, 04/01/2014   100,000 102,438
Inter-American Development Bank      
3.875%, 09/17/2019   25,000 28,678
International Bank For Reconstruction &      
Development      
1.000%, 09/15/2016   50,000 49,221
International Finance Corp.      
2.250%, 04/11/2016   75,000 77,453
John Deere Capital Corp.      
1.600%, 03/03/2014   25,000 25,271
5.500%, 04/13/2017   25,000 29,052
7.000%, 03/15/2012   10,000 10,291
JPMorgan Chase & Company      
3.700%, 01/20/2015   70,000 71,759
4.625%, 05/10/2021   50,000 51,190
4.750%, 05/01/2013   40,000 42,058
6.300%, 04/23/2019   65,000 73,622
KeyCorp      
3.750%, 08/13/2015   25,000 25,768
Kreditanstalt fuer Wiederaufbau      
1.250%, 10/26/2015   100,000 100,653
2.000%, 06/01/2016   50,000 51,936
4.000%, 10/15/2013 to 01/27/2020   40,000 44,606
4.875%, 06/17/2019   10,000 12,036
Landwirtschaftliche Rentenbank      
2.125%, 07/15/2016   50,000 51,681
4.875%, 11/16/2015   20,000 22,905
Lincoln National Corp.      
4.300%, 06/15/2015   25,000 26,322
8.750%, 07/01/2019   20,000 23,732

 

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Lloyds TSB Bank PLC      
4.875%, 01/21/2016 $ 25,000 $ 24,658
Mack-Cali Realty LP      
7.750%, 08/15/2019   15,000 17,804
Merrill Lynch & Company, Inc.      
6.500%, 07/15/2018   80,000 74,121
MetLife, Inc.      
6.750%, 06/01/2016   35,000 40,279
Morgan Stanley      
4.750%, 04/01/2014   150,000 142,600
National Rural Utilities      
Cooperative Finance Corp.      
3.050%, 03/01/2016   25,000 26,174
3.875%, 09/16/2015   20,000 21,627
New York Life Global Funding      
2.450%, 07/14/2016 (S)   50,000 50,829
Northern Trust Corp.      
3.450%, 11/04/2020   40,000 41,071
Pacific LifeCorp.      
6.000%, 02/10/2020 (S)   25,000 26,759
PacifiCorp      
3.850%, 06/15/2021   50,000 53,510
PNC Funding Corp.      
3.625%, 02/08/2015   50,000 52,475
6.700%, 06/10/2019   10,000 12,020
Principal Financial Group, Inc.      
8.875%, 05/15/2019   10,000 12,749
ProLogis LP      
6.625%, 12/01/2019   25,000 25,836
Prudential Financial, Inc.      
3.000%, 05/12/2016   50,000 48,959
Raymond James Financial, Inc.      
4.250%, 04/15/2016   10,000 10,110
RCI Banque SA      
4.600%, 04/12/2016 (S)   25,000 24,567
Regions Financial Corp.      
5.750%, 06/15/2015   10,000 9,600
Reinsurance Group of America, Inc.      
5.000%, 06/01/2021   30,000 31,501
Rio Tinto Finance USA LTD      
2.250%, 09/20/2016   50,000 49,923
Royal Bank of Canada      
2.875%, 04/19/2016   75,000 77,758
SunTrust Banks, Inc.      
3.600%, 04/15/2016   25,000 25,362
The Allstate Corp.      
7.450%, 05/16/2019   25,000 30,595
The Goldman Sachs Group, Inc.      
3.625%, 02/07/2016   50,000 48,708
6.000%, 05/01/2014   85,000 90,026
6.150%, 04/01/2018   35,000 36,306
6.750%, 10/01/2037   25,000 22,916
7.500%, 02/15/2019   10,000 11,171
The Royal Bank of Scotland PLC      
3.250%, 01/11/2014   50,000 48,496
4.375%, 03/16/2016   25,000 23,919
The Toronto-Dominion Bank      
2.500%, 07/14/2016   40,000 41,084
The Travelers Companies, Inc.      
3.900%, 11/01/2020   10,000 10,270
5.900%, 06/02/2019   10,000 11,666
Toyota Motor Credit Corp.      
2.800%, 01/11/2016   50,000 51,106
U.S. Bancorp      
3.442%, 02/01/2016   25,000 25,390

 

48

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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 $ 11,030
US Bancorp      
2.000%, 06/14/2013   25,000 25,495
4.200%, 05/15/2014   10,000 10,736
Ventas Realty LP/Ventas Capital Corp.      
3.125%, 11/30/2015   25,000 24,725
Wachovia Corp.      
5.750%, 02/01/2018   55,000 62,031
WEA Finance LLC      
4.625%, 05/10/2021 (S)   30,000 28,688
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
7.500%, 06/02/2014 (S)   10,000 11,159
Wells Fargo & Company      
3.625%, 04/15/2015   75,000 78,134
Westpac Banking Corp.      
4.200%, 02/27/2015   25,000 26,222
 
      4,200,112
Health Care - 0.45%      
AmerisourceBergen Corp.      
4.875%, 11/15/2019   50,000 56,134
Amgen, Inc.      
5.750%, 03/15/2040   75,000 91,309
Baxter International Inc      
4.500%, 08/15/2019   25,000 28,245
Express Scripts, Inc.      
3.125%, 05/15/2016   15,000 15,155
6.250%, 06/15/2014   10,000 11,012
Mckesson Corp.      
6.000%, 03/01/2041   25,000 31,649
Medtronic, Inc.      
5.550%, 03/15/2040   25,000 31,487
Novartis Capital Corp.      
4.400%, 04/24/2020   25,000 28,289
Roche Holdings, Inc.      
6.000%, 03/01/2019 (S)   25,000 30,580
Sanofi-Aventis SA      
1.625%, 03/28/2014   75,000 76,282
Teva Pharmaceutical Finance III BV      
1.700%, 03/21/2014   25,000 25,271
UnitedHealth Group, Inc.      
4.700%, 02/15/2021   15,000 16,578
WellPoint, Inc.      
6.000%, 02/15/2014   75,000 82,895
 
      524,886
Industrials - 0.42%      
BAE Systems Holdings, Inc.      
4.950%, 06/01/2014 (S)   10,000 10,733
Burlington Northern Santa Fe Corp.      
5.650%, 05/01/2017   40,000 46,283
Caterpillar Financial Services Corp.      
1.375%, 05/20/2014   50,000 50,300
2.750%, 06/24/2015   25,000 26,049
Danaher Corp.      
1.300%, 06/23/2014   10,000 10,120
GATX Corp.      
4.850%, 06/01/2021   50,000 50,733
L-3 Communications Corp.      
4.950%, 02/15/2021   50,000 52,249
Norfolk Southern Corp.      
5.750%, 04/01/2018   50,000 58,667

 

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Republic Services, Inc.      
3.800%, 05/15/2018 $ 50,000 $ 52,049
5.500%, 09/15/2019   15,000 17,144
Roper Industries, Inc.      
6.250%, 09/01/2019   20,000 23,680
Union Pacific Corp.      
4.000%, 02/01/2021   25,000 26,582
4.750%, 09/15/2041   40,000 41,207
Waste Management, Inc.      
4.750%, 06/30/2020   25,000 27,218
 
      493,014
Information Technology - 0.16%      
Agilent Technologies, Inc.      
2.500%, 07/15/2013   25,000 25,358
Broadcom Corp.      
2.375%, 11/01/2015   10,000 10,096
Cisco Systems, Inc.      
1.625%, 03/14/2014   50,000 50,871
Hewlett-Packard Company      
2.200%, 12/01/2015   50,000 49,483
Oracle Corp.      
3.750%, 07/08/2014   15,000 16,161
Xerox Corp.      
8.250%, 05/15/2014   30,000 34,168
 
      186,137
Materials - 0.43%      
Air Products & Chemicals, Inc.      
4.375%, 08/21/2019   25,000 27,563
Allegheny Technologies, Inc.      
5.950%, 01/15/2021   50,000 52,694
Arcelormittal      
3.750%, 03/01/2016   50,000 46,003
Barrick Gold Corp.      
1.750%, 05/30/2014   45,000 45,212
Cliffs Natural Resources, Inc.      
4.875%, 04/01/2021   30,000 29,039
Holcim US Finance Sarl & Cie SCS      
6.000%, 12/30/2019 (S)   25,000 26,566
Lubrizol Corp.      
8.875%, 02/01/2019   20,000 27,154
Newmont Mining Corp.      
6.250%, 10/01/2039   25,000 28,317
Praxair, Inc.      
4.050%, 03/15/2021   25,000 27,125
4.500%, 08/15/2019   25,000 27,591
Rio Tinto Finance USA, Ltd.      
8.950%, 05/01/2014   10,000 11,830
Teck Resources, Ltd.      
6.000%, 08/15/2040   75,000 77,383
The Dow Chemical Company      
4.250%, 11/15/2020   15,000 15,102
8.550%, 05/15/2019   25,000 32,060
Vale Overseas, Ltd.      
6.875%, 11/10/2039   25,000 26,875
 
      500,514
Telecommunication Services - 0.36%      
America Movil SAB de CV      
6.375%, 03/01/2035   35,000 37,800
AT&T, Inc.      
5.100%, 09/15/2014   45,000 49,441
5.800%, 02/15/2019   50,000 58,610
6.450%, 06/15/2034   25,000 28,832

 

49

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
COX Communications, Inc.      
9.375%, 01/15/2019 (S) $ 15,000 $ 20,782
SBA Tower Trust      
4.254%, 04/15/2015 (S)   100,000 105,636
Telecom Italia Capital SA      
6.175%, 06/18/2014   15,000 14,933
Telefonica Emisiones SAU      
5.877%, 07/15/2019   15,000 14,740
Verizon Communications, Inc.      
5.500%, 02/15/2018   25,000 29,019
8.750%, 11/01/2018   15,000 20,108
Verizon Wireless Capital LLC      
5.550%, 02/01/2014   25,000 27,361
8.500%, 11/15/2018   10,000 13,340
 
      420,602
Utilities - 0.57%      
AGL Capital Corp.      
5.250%, 08/15/2019   15,000 16,912
Allegheny Energy Supply Company LLC      
6.750%, 10/15/2039 (S)   25,000 26,705
Centerpoint Energy Resources Corp.      
4.500%, 01/15/2021   50,000 51,493
Dominion Resources, Inc.      
1.800%, 03/15/2014   25,000 25,238
Duke Energy Carolinas LLC      
5.300%, 02/15/2040   25,000 30,087
Entergy Louisiana LLC      
5.400%, 11/01/2024   25,000 28,238
Exelon Generation Company LLC      
6.250%, 10/01/2039   20,000 23,302
FirstEnergy Solutions Corp.      
4.800%, 02/15/2015   15,000 15,914
Hydro Quebec      
2.000%, 06/30/2016   50,000 51,062
Kansas Gas & Electric Company      
6.700%, 06/15/2019 (S)   15,000 18,487
Midamerican Energy Holdings Company      
6.125%, 04/01/2036   20,000 24,014
Niagara Mohawk Power Corp.      
4.881%, 08/15/2019 (S)   15,000 16,785
NSTAR      
4.500%, 11/15/2019   25,000 27,475
Ohio Power Company      
5.375%, 10/01/2021   25,000 28,007
Progress Energy, Inc.      
4.400%, 01/15/2021   50,000 53,911
Pseg Power LLC      
2.750%, 09/15/2016   10,000 9,962
Public Service Company of Colorado      
3.200%, 11/15/2020   25,000 25,478
Public Service Electric & Gas Company      
5.375%, 11/01/2039   25,000 30,134
Sempra Energy      
2.000%, 03/15/2014   25,000 25,268
6.500%, 06/01/2016   10,000 11,707
Southern Company      
4.150%, 05/15/2014   35,000 37,318
Southern Power Co.      
5.150%, 09/15/2041   50,000 52,097
Virginia Electric and Power Company      
5.000%, 06/30/2019   15,000 17,327

 

Balanced Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Xcel Energy, Inc.      
4.700%, 05/15/2020 $ 20,000 $ 22,387
 
      669,308
TOTAL CORPORATE BONDS (Cost $8,942,303) $ 9,302,956
 
MUNICIPAL BONDS - 0.28%      
California - 0.02%      
University of California      
5.770%, 05/15/2043   20,000 23,175
District of Columbia - 0.03%      
District of Columbia      
5.591%, 12/01/2034   25,000 30,370
Illinois - 0.06%      
Chicago Metropolitan Water Reclamation      
District      
5.720%, 12/01/2038   25,000 30,609
City of Chicago      
6.395%, 01/01/2040   20,000 24,161
Illinois State Toll Highway Authority      
6.184%, 01/01/2034   10,000 11,712
 
      66,482
New York - 0.07%      
New York City Municipal Water Finance      
Authority      
6.011%, 06/15/2042   20,000 26,512
New York City Transitional Finance Authority    
5.508%, 08/01/2037   25,000 29,780
New York State Dormitory Authority      
5.628%, 03/15/2039   25,000 30,458
 
      86,750
Texas - 0.04%      
State of Texas      
5.517%, 04/01/2039   25,000 31,389
Texas Transportation Commission      
5.178%, 04/01/2030   15,000 17,231
 
      48,620
Utah - 0.02%      
Utah Transit Authority      
5.937%, 06/15/2039   15,000 20,147
Virginia - 0.04%      
Virginia Commonwealth Transportation Board    
5.350%, 05/15/2035   20,000 23,095
Virginia Public Building Authority      
5.900%, 08/01/2030   25,000 29,462
 
      52,557
TOTAL MUNICIPAL BONDS (Cost $270,575) $ 328,101
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 1.03%      
Commercial & Residential - 1.03%      
Banc of America Commercial Mortgage, Inc.,    
Series 2005-1, Class A5      
5.330%, 11/10/2042 (P)   65,000 70,562
Bear Stearns Commercial Mortgage Securities    
Series 2005-PWR9, Class A4A,      
4.871%, 09/11/2042   50,000 53,782
Series 2006-PW3, Class A4,      
5.540%, 09/11/2041   70,000 76,870
Series 2007-PW17, Class A4,      
5.694%, 06/11/2050 (P)   25,000 26,622

 

50

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Balanced Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Bear Stearns Commercial Mortgage      
Securities (continued)      
Series2007-T28, Class AAB,      
5.746%, 09/11/2042 $ 95,000 $ 101,961
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2006-CD3, Class A5    
5.617%, 10/15/2048   130,000 136,769
Commercial Mortgage Pass Through      
Certificates, Series 2007-C9, Class A4      
6.008%, 12/10/2049 (P)   70,000 75,580
Credit Suisse Mortgage Capital Certificates,    
Series 2006-C4, Class A3      
5.467%, 09/15/2039   140,000 144,085
Greenwich Capital Commercial      
Funding Corp., Series 2007-GG9,      
Class AAB 5.441%, 03/10/2039   35,000 36,833
GS Mortgage Securities Corp. II,      
Series 2006-GG6, Class A4      
5.553%, 04/10/2038 (P)   25,000 26,553
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2005-LDP1, Class A4,      
5.038%, 03/15/2046 (P)   50,000 53,659
Series 2006-LDP9, Class A3,      
5.336%, 05/15/2047   100,000 103,329
Series 2007-C1, Class A4,      
5.716%, 02/15/2051   30,000 31,757
Merrill Lynch Mortgage Trust,      
Series 2007-C1, Class A4      
6.022%, 06/12/2050 (P)   110,000 116,715
Morgan Stanley Capital I      
Series 2007-HQ11, Class A4,      
5.447%, 02/12/2044 (P)   65,000 69,753
Series 2007-IQ14, Class A4,      
5.692%, 04/15/2049 (P)   35,000 36,311
Series 2008-T29, Class A4,      
6.456%, 01/11/2043 (P)   43,000 49,771
 
      1,210,912
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $1,162,533)   $ 1,210,912
 
ASSET BACKED SECURITIES - 0.69%      
Ally Auto Receivables Trust, Series 2011-2,    
Class A4 1.980%, 04/15/2016   70,000 71,839
Ally Master Owner Trust, Series 2011-3,      
Class A2 1.810%, 05/15/2016   100,000 100,885
AmeriCredit Automobile Receivables Trust,    
Series 2010-1, Class C 5.190%, 08/17/2015 20,000 20,762
BMW Vehicle      
Owner Trust 1.030%, 02/26/2018   25,000 24,946
Carmax Auto      
Owner Trust 1.350%, 02/15/2017   45,000 44,907
Carmax Auto Owner Trust, Series 2011-1,      
Class A4 2.160%, 09/15/2016   70,000 72,121
Ford Credit Auto Owner Trust 2011-A A4      
1.650%, 05/15/2016   100,000 101,873
GE Capital Credit Card Master Note Trust,      
Series 2009-2, Class A 3.690%, 07/15/2015 104,000 106,463
GE Equipment Small Ticket LLC,      
Series 2011-1, Class A3      
1.450%, 01/21/2018 (S)   100,000 100,711

 

Balanced Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
ASSET BACKED SECURITIES (continued)    
Honda Auto Receivables Owner Trust,      
Series 2010-1, Class A4      
1.980%, 05/23/2016 $ 10,000 $ 10,167
Hyundai Auto Receivables Trust,      
Series 2011-A, Class A4      
1.780%, 12/15/2015   75,000 76,735
Hyundai Auto Receivables Trust,      
Series 2011-B, Class A4      
1.650%, 02/15/2017   35,000 35,660
John Deere Owner Trust, Series 2011-A,      
Class A4 1.960%, 04/16/2018   20,000 20,523
USAA Auto Owner Trust, Series 2010-1,      
Class A4 2.140%, 09/15/2015   15,000 15,341
TOTAL ASSET BACKED SECURITIES (Cost $788,852) $ 802,933
 
INVESTMENT COMPANIES - 0.02%      
Central Fund of Canada, Ltd., Class A   600 $ 12,414
First Opportunity Fund, Inc.   1,300 7,852
TOTAL INVESTMENT COMPANIES (Cost $18,882) $ 20,266
 
SECURITIES LENDING COLLATERAL - 4.59%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   537,706 5,379,852
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $5,379,653)   $ 5,379,852
 
SHORT-TERM INVESTMENTS - 1.19%      
Money Market Funds - 1.19%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0000% (Y) $ 249,035 $ 249,035
T. Rowe Price Prime Reserve      
Fund, 0.1383% (Y)   1,144,956 1,144,956
 
      1,393,991
TOTAL SHORT-TERM INVESTMENTS (Cost $1,393,991) $ 1,393,991
Total Investments (Balanced Trust)      
(Cost $124,750,817) - 104.63%   $ 122,539,196
Other assets and liabilities, net - (4.63%)     (5,424,546)
 
TOTAL NET ASSETS - 100.00%   $ 117,114,650
 
 
 
Blue Chip Growth Trust      
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS - 98.73%      
Consumer Discretionary - 22.59%      
Auto Components - 0.51%      
Johnson Controls, Inc.   305,400 $ 8,053,398
Automobiles - 0.04%      
General Motors Company (I)   28,400 573,112
Hotels, Restaurants & Leisure - 7.28%      
Carnival Corp.   440,200 13,338,060
Chipotle Mexican Grill, Inc. (I)(L)   26,800 8,119,060
Las Vegas Sands Corp. (I)   391,500 15,010,110
Marriott International, Inc., Class A   508,229 13,844,158
McDonald’s Corp.   193,800 17,019,516
Starbucks Corp.   788,000 29,384,520
Starwood Hotels & Resorts Worldwide, Inc.   276,200 10,722,084
Wynn Resorts, Ltd.   25,700 2,957,556

 

51

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Yum! Brands, Inc. 75,400 $ 3,724,006
    114,119,070
Internet & Catalog Retail - 7.92%    
Amazon.com, Inc. (I) 397,889 86,035,538
Liberty Media Corp. - Interactive, Series A (I) 409,900 6,054,223
priceline.com, Inc. (I) 71,200 32,001,552
 
    124,091,313
Leisure Equipment & Products - 0.03%    
Hasbro, Inc. 2,600 84,786
Mattel, Inc. 11,800 305,502
 
    390,288
Media - 1.44%    
DIRECTV, Class A (I) 38,300 1,618,175
Discovery Communications, Inc., Series C (I) 303,300 10,660,995
Omnicom Group, Inc. 92,600 3,411,384
The Walt Disney Company 218,700 6,595,992
Time Warner, Inc. 10,666 319,660
 
    22,606,206
Multiline Retail - 0.08%    
Dollar Tree, Inc. (I) 14,200 1,066,562
Kohl’s Corp. 3,630 178,233
 
    1,244,795
Specialty Retail - 2.09%    
Bed Bath & Beyond, Inc. (I) 232,100 13,301,651
Home Depot, Inc. 39,600 1,301,652
Limited Brands, Inc. (L) 19,400 747,094
O’Reilly Automotive, Inc. (I) 198,700 13,239,381
Tiffany & Company 68,700 4,178,334
 
    32,768,112
Textiles, Apparel & Luxury Goods - 3.20%    
Coach, Inc. 163,900 8,494,937
Fossil, Inc. (I) 95,100 7,708,806
NIKE, Inc., Class B 201,900 17,264,469
Ralph Lauren Corp. 128,500 16,666,450
 
    50,134,662
    353,980,956
Consumer Staples - 0.67%    
Beverages - 0.19%    
Hansen Natural Corp. (I) 19,400 1,693,426
The Coca-Cola Company 20,100 1,357,956
 
    3,051,382
Food & Staples Retailing - 0.46%    
Costco Wholesale Corp. 200 16,424
Whole Foods Market, Inc. 111,400 7,275,534
 
    7,291,958
Household Products - 0.02%    
The Procter & Gamble Company 3,937 248,740
 
    10,592,080
Energy - 6.77%    
Energy Equipment & Services - 3.80%    
Baker Hughes, Inc. 115,200 5,317,632
Cameron International Corp. (I) 187,600 7,792,904
FMC Technologies, Inc. (I)(L) 160,100 6,019,760
Halliburton Company 198,600 6,061,272
McDermott International, Inc. (I) 96,800 1,041,568
Schlumberger, Ltd. 558,692 33,370,673
 
    59,603,809

 

Blue Chip Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels - 2.97%    
Cimarex Energy Company (L) 6,800 $ 378,760
Concho Resources, Inc. (I) 89,500 6,367,030
EOG Resources, Inc. 173,400 12,313,134
EQT Corp. 100,400 5,357,344
Exxon Mobil Corp. 3,638 264,228
Occidental Petroleum Corp. 71,600 5,119,400
Peabody Energy Corp. 270,700 9,171,316
Range Resources Corp. 129,700 7,582,262
 
    46,553,474
 
    106,157,283
Financials - 7.95%    
Capital Markets - 3.39%    
Ameriprise Financial, Inc. 139,051 5,473,047
Credit Suisse Group AG (I) 7,800 202,404
Franklin Resources, Inc. 301,565 28,841,677
Invesco, Ltd. 650,500 10,089,255
Northern Trust Corp. 60,389 2,112,407
State Street Corp. 126,807 4,078,113
TD Ameritrade Holding Corp. 88,500 1,301,393
The Charles Schwab Corp. 29,486 332,307
The Goldman Sachs Group, Inc. 7,076 669,036
 
    53,099,639
Commercial Banks - 0.67%    
U.S. Bancorp 268,200 6,313,428
Wells Fargo & Company 173,700 4,189,644
 
    10,503,072
Consumer Finance - 1.35%    
American Express Company 471,952 21,190,645
Diversified Financial Services - 1.56%    
CME Group, Inc. 6,500 1,601,600
IntercontinentalExchange, Inc. (I) 123,000 14,545,980
JPMorgan Chase & Company 277,000 8,343,240
 
    24,490,820
Insurance - 0.75%    
Marsh & McLennan Companies, Inc. 141,900 3,766,026
Prudential Financial, Inc. 170,300 7,980,258
 
    11,746,284
Real Estate Management & Development - 0.23%    
CB Richard Ellis Group, Inc., Class A (I) 263,700 3,549,402
 
    124,579,862
Health Care - 8.94%    
Biotechnology - 2.38%    
Alexion Pharmaceuticals, Inc. (I) 77,500 4,964,650
Amgen, Inc. 4,200 230,790
Biogen Idec, Inc. (I) 97,900 9,119,385
Celgene Corp. (I) 336,500 20,836,080
Vertex Pharmaceuticals, Inc. (I) 48,400 2,155,736
 
    37,306,641
Health Care Equipment & Supplies - 1.22%    
Baxter International, Inc. 105,300 5,911,542
Covidien PLC 42,000 1,852,200
Edwards Lifesciences Corp. (I) 35,400 2,523,312
Intuitive Surgical, Inc. (I) 200 72,856
Stryker Corp. 185,479 8,741,625
 
    19,101,535
Health Care Providers & Services - 3.89%    
Cardinal Health, Inc. 299,200 12,530,496
Express Scripts, Inc. (I) 407,000 15,087,490

 

52

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
McKesson Corp. 377,200 $ 27,422,440
UnitedHealth Group, Inc. 126,900 5,852,628
 
    60,893,054
Health Care Technology - 0.00%    
Cerner Corp. (I)(L) 400 27,408
Life Sciences Tools & Services - 0.51%    
Thermo Fisher Scientific, Inc. (I) 157,000 7,950,480
Pharmaceuticals - 0.94%    
Allergan, Inc. 171,500 14,128,170
Shire PLC, ADR 7,200 676,296
 
    14,804,466
    140,083,584
Industrials - 14.43%    
Aerospace & Defense - 3.60%    
Honeywell International, Inc. 144,800 6,358,168
Precision Castparts Corp. 172,100 26,754,666
The Boeing Company 55,200 3,340,152
United Technologies Corp. 283,800 19,968,168
 
    56,421,154
Air Freight & Logistics - 1.70%    
C.H. Robinson Worldwide, Inc. 2,400 164,328
Expeditors International of Washington, Inc. 155,200 6,293,360
FedEx Corp. 297,500 20,134,800
 
    26,592,488
Electrical Equipment - 0.66%    
Emerson Electric Company 145,400 6,006,474
Roper Industries, Inc. 62,500 4,306,875
 
    10,313,349
Industrial Conglomerates - 3.91%    
3M Company 137,000 9,835,230
Danaher Corp. 1,225,326 51,390,172
 
    61,225,402
Machinery - 1.20%    
Caterpillar, Inc. 44,500 3,285,880
Cummins, Inc. 42,900 3,503,214
Deere & Company 67,000 4,326,190
Joy Global, Inc. 92,700 5,782,626
Stanley Black & Decker, Inc. 40,900 2,008,190
 
    18,906,100
Road & Rail - 1.29%    
Norfolk Southern Corp. 7,700 469,854
Union Pacific Corp. 241,800 19,747,806
 
    20,217,660
Trading Companies & Distributors - 2.07%    
Fastenal Company (L) 647,200 21,538,816
W.W. Grainger, Inc. (L) 73,100 10,931,374
 
    32,470,190
    226,146,343
Information Technology - 31.16%    
Communications Equipment - 2.88%    
Juniper Networks, Inc. (I) 501,221 8,651,074
QUALCOMM, Inc. 750,677 36,505,423
 
    45,156,497
Computers & Peripherals - 9.98%    
Apple, Inc. (I) 370,700 141,303,426
EMC Corp. (I) 720,100 15,114,899

 

Blue Chip Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Computers & Peripherals (continued)    
NetApp, Inc. (I) 200 $ 6,788
 
    156,425,113
Electronic Equipment, Instruments & Components - 0.43%  
Corning, Inc. 542,600 6,706,536
Internet Software & Services - 9.89%    
Baidu, Inc., ADR (I) 313,200 33,484,212
eBay, Inc. (I) 528,778 15,593,663
Facebook, Inc., Class A (I)(R) 63,631 1,981,921
Facebook, Inc., Class B (I)(R) 304,677 9,489,805
Google, Inc., Class A (I) 154,366 79,402,783
Tencent Holdings, Ltd. 733,100 15,001,109
 
    154,953,493
IT Services - 5.47%    
Accenture PLC, Class A 339,600 17,890,128
Automatic Data Processing, Inc. 7,233 341,036
Fiserv, Inc. (I) 11,600 588,932
International Business Machines Corp. 38,900 6,808,667
MasterCard, Inc., Class A 122,000 38,693,520
The Western Union Company 6,500 99,385
Visa, Inc., Class A 249,700 21,404,284
 
    85,825,952
Semiconductors & Semiconductor Equipment - 1.82%  
Altera Corp. 98,100 3,093,093
Broadcom Corp., Class A (I) 504,800 16,804,792
Marvell Technology Group, Ltd. (I) 11,110 161,428
Xilinx, Inc. (L) 309,325 8,487,878
 
    28,547,191
Software - 0.69%    
Autodesk, Inc. (I) 171,500 4,764,270
Intuit, Inc. 57,800 2,742,032
Microsoft Corp. 7,044 175,325
Salesforce.com, Inc. (I) 27,300 3,119,844
 
    10,801,471
 
    488,416,253
Materials - 4.08%    
Chemicals - 4.08%    
Air Products & Chemicals, Inc. 122,600 9,362,962
Ecolab, Inc. 3,400 166,226
Monsanto Company 152,104 9,132,324
Potash Corp. of Saskatchewan, Inc. 217,700 9,408,994
Praxair, Inc. 383,400 35,840,232
 
    63,910,738
Metals & Mining - 0.00%    
Freeport-McMoRan Copper & Gold, Inc. 200 6,090
 
    63,916,828
Telecommunication Services - 2.14%    
Wireless Telecommunication Services - 2.14%    
American Tower Corp., Class A (I) 623,238 33,530,205
TOTAL COMMON STOCKS (Cost $1,332,585,533) $ 1,547,403,394
 
SECURITIES LENDING COLLATERAL - 2.35%  
John Hancock Collateral    
Investment Trust, 0.2515% (W)(Y) 3,674,033 36,759,437
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $36,758,666) $ 36,759,437

 

53

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Blue Chip Growth Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS - 0.80%      
Money Market Funds - 0.80%      
T. Rowe Price Prime Reserve Investment      
Fund, 0.1383% (Y) $ 12,107,930 $ 12,107,930
State Street Institutional U.S. Government      
Money Market Fund, 0.0000% (Y)   430,263 430,263
 
      12,538,193
TOTAL SHORT-TERM INVESTMENTS (Cost $12,538,193) $ 12,538,193
Total Investments (Blue Chip Growth Trust)    
(Cost $1,381,882,392) - 101.88%     $ 1,596,701,024
Other assets and liabilities, net - (1.88%)     (29,470,462)
TOTAL NET ASSETS - 100.00%     $ 1,567,230,562
 
 
 
Bond Trust      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 45.39%      
U.S. Government - 12.35%      
U.S. Treasury Bonds, Bond      
4.375%, 05/15/2041 $ 180,130,000 $ 233,437,672
U.S. Treasury Notes      
1.000%, 08/31/2016 (L)   30,660,000 30,758,112
2.125%, 02/29/2016   54,240,000 57,380,008
2.125%, 08/15/2021 (L)   210,210,000 214,283,870
2.250%, 11/30/2017   61,500,000 65,214,047
U.S. Treasury Strips, PO 1.194%,      
11/15/2030   40,870,000 23,082,681
 
      624,156,390
U.S. Government Agency - 33.04%      
Federal Home Loan Mortgage Corp.      
2.726%, 06/01/2035 (P)   7,451,762 7,870,820
3.798%, 12/01/2039 (P)   14,928,057 15,617,525
4.000%, 07/01/2025 to 09/01/2040   140,820,404 147,820,754
4.271%, 09/01/2039 (P)   1,839,359 1,929,699
4.388%, 09/01/2039 (P)   2,238,841 2,370,294
4.500%, 02/01/2039 to 04/01/2040   86,962,320 92,940,232
5.000%, 09/01/2040   37,567,243 40,318,379
5.500%, 08/01/2035   9,681,349 10,519,670
6.500%, 05/01/2037 to 02/01/2038   10,677,966 11,815,935
Federal National Mortgage Association      
2.464%, 10/01/2035 (P)   89,618,206 94,029,931
3.192%, 10/01/2040 (P)   1,102,373 1,138,097
4.000%, 04/01/2024 to 11/01/2040   166,633,788 175,448,031
4.202%, 08/01/2039 (P)   7,185,187 7,545,926
4.332%, 09/01/2039 (P)   7,391,761 7,898,163
4.470%, 09/01/2039 (P)   6,347,585 6,755,811
4.500%, 08/01/2040 to 07/01/2041   101,712,650 108,200,296
5.000%, 06/01/2035 to 04/01/2041   204,157,091 220,160,378
5.500%, 12/01/2033 to 06/01/2039   359,020,035 391,369,846
6.000%, 04/01/2035 to 09/01/2039   102,691,026 113,100,583
6.500%, 07/01/2036 to 08/01/2039   147,028,179 162,314,942
Government National Mortgage Association      
3.500%, 10/20/2039 to 11/20/2039 (P)   39,355,930 41,453,788
5.000%, 08/15/2039   997,774 1,096,256

 

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Tennessee Valley Authority      
5.250%, 09/15/2039 $ 5,595,000 $ 7,187,393
 
      1,668,902,749
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $2,208,827,008)   $ 2,293,059,139
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 0.16%      
South Korea - 0.16%      
Korea Development Bank      
4.000%, 09/09/2016   8,355,000 8,269,010
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $8,317,982)   $ 8,269,010
 
CORPORATE BONDS - 40.48%      
Consumer Discretionary - 3.59%      
Best Buy Company, Inc. 6.750%, 07/15/2013 12,863,000 13,802,964
BorgWarner, Inc. 5.750%, 11/01/2016   4,770,000 5,324,846
CBS Corp. 7.875%, 07/30/2030   12,575,000 15,906,118
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
6.350%, 03/15/2040   5,550,000 6,196,619
Expedia, Inc. 5.950%, 08/15/2020   11,240,000 11,308,957
Grupo Televisa SAB 6.625%, 01/15/2040   7,080,000 7,469,400
Hyundai Capital Services, Inc.      
4.375%, 07/27/2016 (S)   7,095,000 7,184,298
6.000%, 05/05/2015 (S)   8,390,000 9,065,966
Hyundai Motor Manufacturing      
4.500%, 04/15/2015 (S)   9,000,000 9,211,140
Kia Motors Corp. 3.625%, 06/14/2016 (S)   6,600,000 6,569,317
NBC Universal Media LLC      
3.650%, 04/30/2015   19,910,000 20,957,445
News America, Inc.      
6.150%, 03/01/2037 to 02/15/2041   9,245,000 9,833,864
6.400%, 12/15/2035   3,195,000 3,467,719
Nissan Motor Acceptance Corp.      
4.500%, 01/30/2015 (S)   9,000,000 9,559,926
Seminole Indian Tribe of Florida      
6.535%, 10/01/2020 (S)   115,000 110,202
Staples, Inc. 9.750%, 01/15/2014   14,000,000 16,232,090
Time Warner Cable, Inc. 6.750%, 07/01/2018 10,205,000 11,887,570
UBM PLC 5.750%, 11/03/2020 (S)   6,185,000 6,617,734
Viacom, Inc. 6.125%, 10/05/2017   9,250,000 10,536,148
 
      181,242,323
Consumer Staples - 1.35%      
Bunge Ltd. Finance Corp.      
4.100%, 03/15/2016   4,555,000 4,681,056
5.100%, 07/15/2015   3,455,000 3,592,595
8.500%, 06/15/2019   7,731,000 9,643,263
CVS Caremark Corp. 4.875%, 09/15/2014   11,950,000 13,059,569
CVS Caremark Corp. (6.302% to 06/01/2012,    
then 3 month LIBOR + 2.065%) 06/01/2037 15,550,000 15,044,625
Lorillard Tobacco Company      
3.500%, 08/04/2016   3,155,000 3,161,439
6.875%, 05/01/2020   6,160,000 6,839,516
The Kroger Company 6.400%, 08/15/2017   10,000,000 11,865,920
 
      67,887,983
Energy - 3.19%      
Anadarko Petroleum Corp.      
5.750%, 06/15/2014   8,000,000 8,705,400
DCP Midstream LLC 9.750%, 03/15/2019 (S) 8,695,000 11,581,905

 

54

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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 $ 10,407,175
9.700%, 03/15/2019   6,075,000 7,528,413
Enterprise Products Operating LLC      
6.500%, 01/31/2019   10,000,000 11,788,110
6.650%, 04/15/2018   5,295,000 6,257,732
Husky Energy, Inc. 5.900%, 06/15/2014   15,000,000 16,463,535
Kerr-McGee Corp. 6.950%, 07/01/2024   16,810,000 19,680,005
Kinder Morgan Energy Partners LP      
7.750%, 03/15/2032   4,185,000 5,241,156
Marathon Petroleum Corp.      
6.500%, 03/01/2041 (S)   6,310,000 6,823,987
NuStar Logistics LP 7.650%, 04/15/2018   9,212,000 10,998,953
Spectra Energy Capital LLC      
5.668%, 08/15/2014   6,175,000 6,718,486
6.200%, 04/15/2018   6,550,000 7,407,133
TransCanada Pipelines, Ltd. (6.350% to      
05/15/2017, then 3 month      
LIBOR + 2.210%) 05/15/2067   12,565,000 12,519,779
Williams Partners LP/Williams Partners      
Finance Corp. 7.250%, 02/01/2017   16,450,000 19,088,860
 
      161,210,629
Financials - 19.83%      
Abbey National Treasury Services PLC      
4.000%, 04/27/2016   8,260,000 7,629,803
Aflac, Inc.      
6.900%, 12/17/2039   5,310,000 5,462,227
8.500%, 05/15/2019   9,325,000 11,363,361
American Express Company      
7.000%, 03/19/2018   8,820,000 10,444,838
AXA SA (6.379% to 12/14/2036, then      
3 month      
LIBOR + 2.256%) 12/14/2036 (Q)(S)   5,770,000 3,952,450
Banco de Credito del Peru      
4.750%, 03/16/2016 (S)   3,960,000 3,821,400
Bank of America Corp.      
5.650%, 05/01/2018   7,500,000 7,128,773
6.500%, 08/01/2016   6,370,000 6,329,576
Bank of America NA      
5.300%, 03/15/2017   3,280,000 2,964,402
6.000%, 10/15/2036   7,660,000 7,011,566
Barclays Bank PLC      
5.140%, 10/14/2020   7,170,000 5,821,954
5.200%, 07/10/2014   14,730,000 15,070,234
6.050%, 12/04/2017 (S)   6,495,000 5,966,158
BB&T Corp. 5.200%, 12/23/2015   5,750,000 6,180,468
BBVA Bancomer SA 6.500%, 03/10/2021 (S)   10,960,000 10,110,600
BioMed Realty LP 6.125%, 04/15/2020   3,400,000 3,590,628
BPCE SA (12.500% to 09/30/2019, then      
3 month      
LIBOR + 12.980%) 09/30/2019 (Q)(S)   60,000 58,218
Brandywine Operating Partnership LP      
7.500%, 05/15/2015   8,092,000 8,770,830
Capital One Financial Corp.      
6.150%, 09/01/2016   13,495,000 14,304,538
6.250%, 11/15/2013   7,752,000 8,347,912
Chubb Corp. (6.375% until 04/15/2017, then      
3 month LIBOR + 2.250%)      
6.375%, 03/29/2067   6,340,000 6,141,875
Citigroup, Inc.      
5.850%, 12/11/2034   8,670,000 8,389,499
6.125%, 11/21/2017   8,575,000 9,170,045
6.875%, 03/05/2038   300,000 326,461

 

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
CNA Financial Corp.      
5.850%, 12/15/2014 $ 9,000,000 $ 9,512,865
6.500%, 08/15/2016   5,455,000 5,863,912
7.250%, 11/15/2023   11,948,000 13,134,030
CommonWealth REIT      
5.750%, 02/15/2014   2,000,000 2,041,092
6.250%, 06/15/2017   4,075,000 4,385,409
6.650%, 01/15/2018   4,550,000 5,056,925
Credit Agricole SA 2.625%, 01/21/2014 (S)   6,000,000 5,731,704
Credit Suisse AG (3 month LIBOR + 0.690%    
to 05/15/2017, then 3 month      
LIBOR + 1.690%) 05/15/2017 (Q)   15,180,000 9,907,531
Credit Suisse New York      
4.375%, 08/05/2020   9,160,000 8,876,086
5.300%, 08/13/2019   5,095,000 5,153,689
Crown Castle Towers LLC      
4.883%, 08/15/2020 (S)   11,430,000 11,912,517
6.113%, 01/15/2020 (S)   8,760,000 9,858,618
Dexus Property Group 7.125%, 10/15/2014 (S) 14,815,000 16,479,228
Discover Bank 7.000%, 04/15/2020   5,875,000 6,234,809
Discover Financial Services      
10.250%, 07/15/2019   11,460,000 13,885,830
Duke Realty LP      
6.750%, 03/15/2020   3,830,000 3,982,235
8.250%, 08/15/2019   5,625,000 6,450,497
Equity One, Inc. 6.250%, 12/15/2014   7,000,000 7,402,409
ERAC USA Finance LLC      
5.900%, 11/15/2015 (S)   6,504,000 7,305,007
First Tennessee Bank NA 5.050%, 01/15/2015 9,337,000 9,625,261
General Electric Capital Corp.      
0.766%, 08/15/2036 (P)   9,945,000 7,761,008
4.375%, 09/16/2020   7,625,000 7,769,692
5.300%, 02/11/2021   5,105,000 5,303,339
5.625%, 05/01/2018   13,930,000 15,244,114
5.875%, 01/14/2038   8,155,000 8,378,904
6.000%, 08/07/2019   7,345,000 8,277,822
Goodman Funding Pty, Ltd.      
6.375%, 04/15/2021 (S)   13,830,000 14,243,296
GTP Acquisition Partners I LLC      
4.347%, 06/15/2016 (S)   8,975,000 9,025,918
GTP Towers Issuer LLC      
4.436%, 02/15/2015 (S)   4,650,000 4,926,945
Harley-Davidson Funding Corp.      
5.750%, 12/15/2014 (S)   3,250,000 3,545,867
Hartford Financial Services Group, Inc.      
6.300%, 03/15/2018   9,785,000 10,124,706
6.625%, 03/30/2040   4,805,000 4,509,747
HCP, Inc.      
5.650%, 12/15/2013   15,000,000 15,756,405
6.300%, 09/15/2016   5,885,000 6,300,493
Health Care REIT, Inc.      
4.700%, 09/15/2017   4,400,000 4,415,048
4.950%, 01/15/2021   8,010,000 7,704,346
5.875%, 05/15/2015   7,500,000 7,856,828
6.125%, 04/15/2020   14,665,000 15,313,413
6.200%, 06/01/2016   395,000 424,730
Healthcare Realty Trust, Inc.      
6.500%, 01/17/2017   12,120,000 13,092,072
ICICI Bank, Ltd. 5.750%, 11/16/2020 (S)   9,540,000 8,985,440
Jefferies Group, Inc.      
6.875%, 04/15/2021   4,475,000 4,654,201
8.500%, 07/15/2019   7,975,000 8,879,373
JPMorgan Chase & Company      
3.700%, 01/20/2015   5,855,000 6,002,154
4.250%, 10/15/2020   17,140,000 17,204,926

 

55

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
JPMorgan Chase & Company (continued)      
5.600%, 07/15/2041 $ 12,060,000 $ 12,631,415
6.000%, 01/15/2018   16,895,000 18,833,701
JPMorgan Chase & Company (7.900% to      
04/30/2018, then 3 month      
LIBOR + 3.470%) 04/30/2018 (Q)   9,285,000 9,563,643
Key Bank NA 5.800%, 07/01/2014   15,919,000 17,168,037
Liberty Mutual Group, Inc.      
5.000%, 06/01/2021 (S)   6,775,000 6,445,776
5.750%, 03/15/2014 (S)   10,348,000 10,781,912
Lincoln National Corp. 8.750%, 07/01/2019 7,290,000 8,650,132
Lincoln National Corp. (6.050% to 04/20/17,    
then 3 month LIBOR + 2.040%) 04/20/2067 11,170,000 9,047,700
Lloyds TSB Bank PLC 6.375%, 01/21/2021 9,955,000 9,827,785
Mack-Cali Realty LP 7.750%, 08/15/2019   6,665,000 7,910,988
Macquarie Bank, Ltd. 6.625%, 04/07/2021 (S) 5,695,000 5,357,218
Macquarie Group, Ltd.      
6.000%, 01/14/2020 (S)   7,365,000 6,991,845
Merrill Lynch & Company, Inc.      
6.220%, 09/15/2026   3,460,000 2,931,270
6.875%, 04/25/2018   15,085,000 15,105,365
7.750%, 05/14/2038   7,595,000 7,070,558
MetLife, Inc. 10.750%, 08/01/2039   2,985,000 3,731,250
Morgan Stanley      
5.500%, 07/28/2021   3,155,000 2,926,439
5.750%, 01/25/2021   2,875,000 2,648,712
6.000%, 04/28/2015   5,900,000 5,874,919
7.300%, 05/13/2019   11,510,000 11,874,430
National City Bank 0.703%, 06/07/2017 (P) 8,550,000 7,828,628
Post Apartment Homes LP      
4.750%, 10/15/2017   4,135,000 4,354,370
ProLogis LP 7.625%, 08/15/2014   5,000,000 5,449,450
Rabobank Nederland NV (11.000% to      
06/30/2019, then 3 month      
LIBOR + 10.868%) 06/30/2019 (Q)(S)   14,362,000 17,270,305
Regions Financial Corp.      
0.528%, 06/26/2012 (P)   5,166,000 5,067,231
7.750%, 11/10/2014   8,301,000 8,280,248
Santander Holdings USA, Inc.      
4.625%, 04/19/2016   2,595,000 2,501,497
Santander Issuances SA (6.500% to      
11/15/2014, then 3 month      
LIBOR + 3.920%) 08/11/2019 (S)   2,860,000 2,639,952
Simon Property Group LP      
10.350%, 04/01/2019   310,000 415,098
TD Ameritrade Holding Corp.      
4.150%, 12/01/2014   7,000,000 7,437,535
Teachers Insurance & Annuity Association of    
America 6.850%, 12/16/2039 (S)   12,930,000 15,884,492
The Bear Stearns Companies LLC      
7.250%, 02/01/2018   325,000 383,484
The Chuo Mitsui Trust & Banking      
Company, Ltd. (5.506% to 04/15/2015, then    
3 month      
LIBOR + 2.490%) 04/15/2015 (Q)(S)   680,000 680,000
The Goldman Sachs Group, Inc.      
3.700%, 08/01/2015   5,000,000 4,898,000
5.250%, 07/27/2021   6,320,000 6,243,749
6.150%, 04/01/2018   13,900,000 14,418,818
6.750%, 10/01/2037   21,140,000 19,378,066
The Hanover Insurance Group, Inc.      
6.375%, 06/15/2021   3,160,000 3,317,112
The Royal Bank of Scotland PLC      
4.875%, 08/25/2014 (S)   15,778,000 15,892,533
4.875%, 03/16/2015   7,080,000 6,935,377

 

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
The Travelers Companies, Inc.      
3.900%, 11/01/2020 $ 6,000,000 $ 6,162,012
Unum Group 7.125%, 09/30/2016   6,443,000 7,428,889
UnumProvident Finance Company PLC      
6.850%, 11/15/2015 (S)   5,122,000 5,745,737
USB Realty Corp. (6.091% to 01/15/2012,      
then 3 month      
LIBOR + 1.147%) 01/15/2012 (Q)(S)   465,000 337,125
Ventas Realty LP/Ventas Capital Corp.      
4.750%, 06/01/2021   8,380,000 8,059,591
Vornado Realty LP 4.250%, 04/01/2015   15,025,000 15,587,942
W.R. Berkley Corp. 5.600%, 05/15/2015   4,310,000 4,356,936
Wachovia Bank NA      
5.850%, 02/01/2037   7,295,000 7,598,195
6.600%, 01/15/2038   8,020,000 9,210,609
Wachovia Corp.      
4.875%, 02/15/2014   3,140,000 3,267,148
5.250%, 08/01/2014   10,000,000 10,495,550
5.750%, 06/15/2017   7,955,000 8,961,912
WEA Finance LLC/WT Finance      
Australia Pty, Ltd. 6.750%, 09/02/2019 (S) 5,980,000 6,652,618
Willis Group Holdings PLC      
5.750%, 03/15/2021   7,850,000 8,205,063
Willis North America, Inc.      
6.200%, 03/28/2017   7,398,000 8,084,179
7.000%, 09/29/2019   9,685,000 11,216,973
Woodside Finance, Ltd.      
4.500%, 11/10/2014 (S)   8,446,000 8,971,687
 
      1,001,849,463
Health Care - 0.39%      
Medco Health Solutions, Inc.      
7.125%, 03/15/2018   16,150,000 19,595,506
Industrials - 3.08%      
America West Airlines 2000-1 Pass      
Through Trust 8.057%, 07/02/2020   2,850,727 2,850,727
Asciano Finance, Ltd. 4.625%, 09/23/2020 (S) 3,810,000 3,717,958
Continental Airlines 1998-1 Class A Pass      
Through Trust 6.648%, 09/15/2017   4,094,235 4,094,235
Continental Airlines 1999-1 Class A Pass      
Through Trust 6.545%, 02/02/2019   4,324,944 4,368,194
Continental Airlines 2007-1 Class A Pass      
Through Trust 5.983%, 04/19/2022   12,046,055 12,106,285
Continental Airlines 2010-1 Class A Pass      
Through Trust 4.750%, 01/12/2021   3,090,000 2,966,400
Delta Air Lines 2007-1 Class A Pass      
Through Trust 6.821%, 08/10/2022   90,761 91,442
Delta Air Lines 2010-1 Class A Pass      
Through Trust 6.200%, 07/02/2018   3,249,550 3,347,037
Delta Air Lines 2010-2 Class A Pass      
Through Trust 4.950%, 05/23/2019   4,928,391 4,778,721
Delta Air Lines 2011-1 Class A Pass      
Through Trust 5.300%, 04/15/2019   7,410,000 7,261,800
Embraer Overseas, Ltd. 6.375%, 01/15/2020   7,410,000 8,039,850
International Lease Finance Corp.      
7.125%, 09/01/2018 (S)   6,465,000 6,489,244
Lockheed Martin Corp. 3.350%, 09/15/2021   12,235,000 12,133,486
Northwest Airlines 2002-1 Class G-2 Pass      
Through Trust 6.264%, 11/20/2021   11,743,010 11,566,865
Northwest Airlines 2007-1 Class A Pass      
Through Trust 7.027%, 11/01/2019   70,049 69,524
Odebrecht Finance, Ltd.      
6.000%, 04/05/2023 (S)   7,685,000 7,147,050
Pentair, Inc. 5.000%, 05/15/2021   6,470,000 6,766,617
Ryder System, Inc. 5.850%, 03/01/2014   15,000,000 16,399,530

 

56

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Textron, Inc.      
5.600%, 12/01/2017 $ 6,689,000 $ 7,060,848
6.200%, 03/15/2015   4,000,000 4,298,680
United Air Lines 2009-2A Pass      
Through Trust 9.750%, 01/15/2017   10,360,834 11,345,114
Voto-Votorantim Overseas Trading      
Operations NV 6.625%, 09/25/2019 (S)   9,630,000 9,533,700
Voto-Votorantim, Ltd. 6.750%, 04/05/2021 (S) 9,465,000 9,323,025
 
      155,756,332
Information Technology - 0.30%      
Fiserv, Inc. 6.800%, 11/20/2017   7,780,000 9,052,139
Hewlett-Packard Company      
4.375%, 09/15/2021   6,035,000 6,140,208
 
      15,192,347
Materials - 3.47%      
Alcoa, Inc. 5.400%, 04/15/2021   5,650,000 5,482,619
Allegheny Technologies, Inc.      
5.950%, 01/15/2021   3,150,000 3,319,719
9.375%, 06/01/2019   5,324,000 6,708,964
ArcelorMittal      
6.125%, 06/01/2018   11,900,000 11,499,625
6.750%, 03/01/2041   6,275,000 5,434,232
9.850%, 06/01/2019   10,125,000 11,484,312
Braskem America Finance Company      
7.125%, 07/22/2041 (S)   7,610,000 6,944,125
Braskem Finance, Ltd. 7.000%, 05/07/2020 (S) 10,775,000 10,936,625
Cliffs Natural Resources, Inc.      
6.250%, 10/01/2040   6,585,000 6,428,336
Georgia-Pacific LLC 5.400%, 11/01/2020 (S) 16,505,000 16,813,561
Gerdau Trade, Inc. 5.750%, 01/30/2021 (S)   5,875,000 5,566,563
Incitec Pivot Finance LLC      
6.000%, 12/10/2019 (S)   9,055,000 9,969,455
International Paper Company      
7.950%, 06/15/2018   8,633,000 9,981,397
9.375%, 05/15/2019   6,955,000 8,510,514
Potash Corp. of Saskatchewan, Inc.      
5.250%, 05/15/2014   11,000,000 12,111,176
Rio Tinto Finance USA, Ltd.      
7.125%, 07/15/2028   14,220,000 18,838,798
Teck Resources, Ltd.      
6.250%, 07/15/2041   3,150,000 3,311,567
10.750%, 05/15/2019   4,834,000 6,006,245
The Mosaic Company 7.625%, 12/01/2016 (S) 8,150,000 8,547,313
Vale Overseas, Ltd. 6.875%, 11/10/2039   6,835,000 7,347,625
 
      175,242,771
Telecommunication Services - 2.33%      
Alltel Corp. 7.000%, 03/15/2016   10,000,000 11,889,460
America Movil SAB de CV      
5.000%, 03/30/2020   9,595,000 10,132,320
AT&T, Inc.      
5.550%, 08/15/2041   12,925,000 13,953,067
6.500%, 09/01/2037   3,000,000 3,512,355
CenturyLink, Inc.      
6.450%, 06/15/2021   6,335,000 5,877,917
7.600%, 09/15/2039   6,375,000 5,745,558
Qwest Corp. 7.500%, 10/01/2014   13,207,000 14,263,560
SBA Tower Trust 5.101%, 04/15/2017 (S)   11,983,000 13,031,513
Telecom Italia Capital SA      
4.950%, 09/30/2014   7,350,000 7,083,239
5.250%, 11/15/2013   5,000,000 4,887,950
7.200%, 07/18/2036   8,125,000 7,441,980
7.721%, 06/04/2038   5,770,000 5,512,214

 

Bond Trust (continued)      
  Shares or  
  Principal  
  Amount Value
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
Telefonica Emisiones SAU      
2.582%, 04/26/2013 $ 15,000,000 $ 14,517,240
 
      117,848,373
Utilities - 2.95%      
Allegheny Energy Supply Company LLC      
5.750%, 10/15/2019 (S)   10,560,000 11,287,647
Beaver Valley II Funding 9.000%, 06/01/2017 9,651,000 10,357,550
Comision Federal de Electricidad      
4.875%, 05/26/2021 (S)   6,775,000 6,808,875
Commonwealth Edison Company      
5.800%, 03/15/2018   15,749,000 18,356,389
Duke Energy Corp. 6.300%, 02/01/2014   14,960,000 16,591,687
Exelon Generation Company LLC      
6.250%, 10/01/2039   7,525,000 8,767,317
Integrys Energy Group, Inc. (6.110% to      
12/01/2016, then 3 month      
LIBOR + 2.120%) 12/01/2066   13,430,000 12,876,013
Israel Electric Corp., Ltd.      
7.250%, 01/15/2019 (S)   4,435,000 4,723,244
ITC Holdings Corp.      
5.500%, 01/15/2020 (S)   7,215,000 8,238,837
6.050%, 01/31/2018 (S)   4,760,000 5,439,928
NiSource Finance Corp. 5.400%, 07/15/2014 7,000,000 7,583,751
Oncor Electric Delivery Company LLC      
5.000%, 09/30/2017   4,500,000 4,955,319
Pennsylvania Electric Company      
5.125%, 04/01/2014   5,525,000 5,914,032
PNPP II Funding Corp. 9.120%, 05/30/2016 886,000 969,842
PSEG Power LLC 5.000%, 04/01/2014   9,000,000 9,640,593
Salton Sea Funding Corp., Series F      
7.475%, 11/30/2018   14,992 16,437
Trans-Allegheny Interstate Line Company      
4.000%, 01/15/2015 (S)   7,300,000 7,669,862
W3A Funding Corp. 8.090%, 01/02/2017   101,413 101,488
Wisconsin Energy Corp. (6.250% to      
05/15/2017, then 3 month      
LIBOR + 2.113%) 05/15/2067   8,575,000 8,564,281
 
      148,863,092
TOTAL CORPORATE BONDS (Cost $2,048,254,830) $ 2,044,688,819
 
MUNICIPAL BONDS - 0.18%      
California - 0.11%      
State of California 7.600%, 11/01/2040   4,495,000 5,617,716
Illinois - 0.07%      
State of Illinois 5.100%, 06/01/2033   4,020,000 3,692,692
TOTAL MUNICIPAL BONDS (Cost $8,123,788) $ 9,310,408
 
CAPITAL PREFERRED SECURITIES - 1.64%    
Financials - 1.64%      
Allfirst Preferred      
Capital Trust 1.749%, 07/15/2029 (P)   55,000 47,859
Aon Corp. 8.205%, 01/01/2027   7,335,000 8,545,987
Fifth Third Capital Trust IV (6.500% to      
04/15/2017 then 3 month      
LIBOR + 1.368%) 04/15/2037   17,241,000 16,380,674
MetLife Capital Trust X (9.250% to      
04/08/2038 then 3 month      
LIBOR + 5.540%) 04/08/2038 (S)   4,155,000 4,674,375
PNC Financial Services Group, Inc.      
6.750%, 08/01/2021 (P)(Q)   4,445,000 4,257,110

 

57

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CAPITAL PREFERRED SECURITIES (continued)  
Financials (continued)      
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 $ 18,203,328
Sovereign Capital Trust VI      
7.908%, 06/13/2036   275,000 275,000
State Street Capital Trust III      
5.337%, 12/05/2011 (P)(Q)   11,122,000 11,122,556
State Street Capital Trust IV      
1.347%, 06/15/2037 (P)   19,925,000 13,652,471
ZFS Finance USA Trust II (6.450% to      
06/15/2016 then 3 month      
LIBOR + 2.000%) 12/15/2065 (S)   6,225,000 5,478,000
 
      82,637,360
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $86,167,430)   $ 82,637,360
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 9.15%      
 
COMMERCIAL & RESIDENTIAL - 0.11%    
American Tower Trust      
Series 2007-1A, Class C,      
5.615%, 04/15/2037 (S)   1,200,000 1,274,144
Series 2007-1A, Class D,      
5.957%, 04/15/2037 (S)   275,000 293,942
Morgan Stanley Capital I, Series 2007-IQ13,    
Class A4 5.364%, 03/15/2044   325,000 345,267
WaMu Mortgage Pass Through Certificates,    
Series 2005-AR12, Class 1A2      
2.501%, 10/25/2035 (P)   3,912,693 3,663,850
 
U.S. GOVERNMENT AGENCY - 9.04%      
Federal Home Loan Mortgage Corp.      
Series 3724, Class NB,      
2.250%, 07/15/2038   46,747,585 47,266,249
Series 3833, Class LI IO,      
2.267%, 10/15/2040   118,197,810 6,366,642
Series 3630, Class BI IO,      
4.000%, 05/15/2027   4,186,790 312,298
Series 3738, Class IC IO,      
4.000%, 08/15/2029   17,540,090 1,677,468
Series 3738, Class MI IO,      
4.000%, 09/15/2034   40,703,367 4,494,718
Series 3609, Class LI IO,      
4.500%, 12/15/2024   33,880,504 3,048,527
Series 3623, Class LI IO,      
4.500%, 01/15/2025   5,327,917 565,775
Series 3747, Class HI IO,      
4.500%, 07/15/2037   94,224,732 13,149,391
Series 3699, Class MI IO,      
4.500%, 01/15/2038   43,731,694 7,537,547
Series 3794, Class PI IO,      
4.500%, 02/15/2038   25,445,084 3,452,776
Series 3714, Class KI IO,      
4.500%, 11/15/2039   31,256,517 4,739,685
Series 3581, Class IO,      
6.000%, 10/15/2039   4,556,840 732,329
Federal National Mortgage Association      
Series 2010-93, Class AI IO,      
4.000%, 08/25/2020   12,341,453 1,126,196
Series 2010-14, Class IA IO,      
4.000%, 08/25/2027   16,114,309 1,056,865
Series 2010-14, Class AI IO,      
4.000%, 08/25/2027   10,472,405 902,270

 

Bond Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT AGENCY (continued)    
Federal National Mortgage      
Association (continued)      
Series 2010-36, Class BI IO,      
4.000%, 03/25/2028 $ 12,487,384 $ 1,121,984
Series 2011-71, Class BA,      
4.000%, 05/25/2037   26,385,028 28,007,269
Series 2009-66, Class EK,      
4.000%, 09/25/2039   30,862,919 32,595,508
Series 402, Class 4 IO,      
4.000%, 10/25/2039   18,302,230 2,876,722
Series 402, Class 3 IO,      
4.000%, 11/25/2039   11,947,661 1,861,049
Series 2010-23, Class KA,      
4.000%, 02/25/2040   20,013,060 21,249,465
Series 2011-49, Class LA,      
4.000%, 05/25/2041   32,442,229 34,792,749
Series 2010-53, Class MA,      
4.500%, 09/25/2037   25,854,652 27,315,844
Series 398, Class C3 IO,      
4.500%, 05/25/2039   18,136,569 2,427,758
Series 401, Class C2 IO,      
4.500%, 06/25/2039   9,513,672 1,208,887
Series 402, Class 7 IO,      
4.500%, 11/25/2039   24,016,676 3,587,987
Series 402, Class 8 IO,      
4.500%, 11/25/2039   31,229,413 4,152,380
Series 2008-29, Class BG,      
4.700%, 12/25/2035   39,358,055 41,705,641
Series 2008-17, Class DP,      
4.750%, 02/25/2038   22,864,487 24,553,981
Series 2010-13, Class KI IO,      
5.000%, 12/25/2018   15,687,860 1,690,776
Series 2009-47, Class EI IO,      
5.000%, 08/25/2019   8,348,555 864,075
Series 2010-45, Class AI IO,      
5.000%, 02/25/2021   29,531,540 3,455,846
Series 366, Class 24 IO,      
5.000%, 10/01/2035   13,497,422 1,211,907
Series 2010-68, Class CI IO,      
5.000%, 11/25/2038   32,372,646 4,833,705
Series 407, Class 21 IO,      
5.000%, 01/25/2039   28,838,942 3,849,470
Series 2009-50, Class GI IO,      
5.000%, 05/25/2039   16,000,587 2,373,813
Series 407, Class 15 IO,      
5.000%, 01/25/2040   31,813,090 4,180,962
Series 407, Class 16 IO,      
5.000%, 01/25/2040   8,053,466 1,294,836
Series 407, Class 17 IO,      
5.000%, 01/25/2040   6,578,312 1,286,060
Series 407, Class 7 IO,      
5.000%, 03/25/2041   21,811,735 3,729,687
Series 407, Class 8 IO,      
5.000%, 03/25/2041   9,597,732 1,558,096
Government National Mortgage Association      
Series 2009-103, Class DC,      
3.500%, 09/16/2039   13,701,256 14,295,481
Series 2010-114, Class MA,      
4.000%, 03/20/2039   27,338,070 29,543,687
Series 2009-69, Class PC,      
4.000%, 07/16/2039   19,604,133 20,908,420
Series 2009-40, Class BI IO,      
4.500%, 09/20/2036   40,404,527 5,605,942
Series 2010-91, Class GA,      
4.500%, 09/20/2036   19,432,337 20,799,187

 

58

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Bond Trust (continued)        
    Shares or    
    Principal    
    Amount   Value
 
 
U.S. GOVERNMENT AGENCY (continued)      
Government National Mortgage        
Association (continued)        
Series 2009-123, Class DI, IO,        
4.500%, 07/20/2037 $ 15,609,924 $ 2,148,015
Series 2010-78, Class AI IO,        
4.500%, 04/20/2039   23,188,934   2,810,974
4.500%, 08/01/2041   5,983,021   6,379,257
        456,706,156
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $482,597,215)     $ 462,283,359
 
ASSET BACKED SECURITIES - 0.39%        
Asset Backed Funding Certificates,        
Series 2005-HE1, Class M1        
0.655%, 03/25/2035 (P)   7,248,885   5,692,122
Bayview Financial Acquisition Trust,        
Series 2006-A, Class 2A3        
0.587%, 02/28/2041 (P)   1,772,745   1,534,387
FUEL Trust, Series 2011-1        
4.207%, 04/15/2016 (S)   12,375,000   12,336,514
TOTAL ASSET BACKED SECURITIES (Cost $20,082,921) $ 19,563,023
 
SECURITIES LENDING COLLATERAL - 1.57%    
John Hancock Collateral        
Investment Trust, 0.2515% (Y)(W)   7,945,292   79,494,232
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $79,490,061)     $ 79,494,232
 
SHORT-TERM INVESTMENTS - 0.63%      
Repurchase Agreement - 0.63%        
Repurchase Agreement with State Street Corp.      
dated 09/30/2011 at 0.010% to be        
repurchased at $31,535,026 on 10/03/2011,      
collateralized by $31,615,000 Federal        
National Mortgage Association, 1.125% due      
06/27/2014 (valued at $32,168,262,        
including interest)   31,535,000   31,535,000
TOTAL SHORT-TERM INVESTMENTS (Cost $31,535,000) $ 31,535,000
Total Investments (Bond Trust) (Cost $4,973,396,235) - 99.59% $ 5,030,840,350
Other assets and liabilities, net - 0.41%       20,692,437
TOTAL NET ASSETS - 100.00%     $ 5,051,532,787
 
SALE COMMITMENTS OUTSTANDING      
 
U.S. GOVERNMENT AGENCY - (0.18)%      
Federal National Mortgage Association        
4.000%, TBA   (8,775,000)   (9,200,010)
TOTAL U.S. GOVERNMENT AGENCY (Cost $(9,167,818)) $ (9,200,010)
 
 
 
Bond PS Series        
    Shares or    
    Principal    
    Amount   Value
 
 
U.S. GOVERNMENT & AGENCY        
OBLIGATIONS - 62.57%        
U.S. Government - 28.31%        
U.S. Treasury Bonds        
0.500%, 08/15/2014 $ 1,000,000 $ 1,003,050
1.000%, 08/31/2016   8,500,000   8,527,200
4.375%, 05/15/2041   1,615,000   2,092,943

 

Bond PS Series (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government (continued)      
U.S. Treasury Notes      
0.250%, 09/15/2014 $ 2,000,000 $ 1,991,100
2.125%, 08/15/2021   1,675,000 1,707,462
U.S. Treasury Strips, PO, Bond 1.188%,      
11/15/2030   95,000 53,654
 
      15,375,409
U.S. Government Agency - 34.26%      
Federal Home Loan Mortgage Corp.      
4.000%, 06/01/2026   845,197 889,618
5.000%, 04/01/2038   863,339 925,754
6.500%, 12/01/2036   883,488 979,395
Federal National Mortgage Association      
3.500%, 09/01/2025 to 09/01/2026   1,972,857 2,062,218
3.897%, 02/01/2040 (P)   908,327 959,530
4.000%, 07/01/2024 to 09/01/2041   3,744,438 3,948,753
4.500%, 07/01/2025 to 08/01/2041   2,479,570 2,638,244
5.000%, 03/01/2039 to 03/01/2040   744,978 801,116
5.500%, 01/01/2038 to 01/01/2039   3,378,303 3,666,437
6.000%, 05/01/2037 to 12/01/2037   750,444 824,692
Government National Mortgage Association      
4.000%, 05/15/2041   845,184 905,532
 
      18,601,289
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $33,816,764)   $ 33,976,698
 
CORPORATE BONDS - 36.52%      
Consumer Discretionary - 3.04%      
CBS Corp.      
7.875%, 07/30/2030   200,000 252,980
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
6.350%, 03/15/2040   60,000 66,990
Grupo Televisa SAB      
6.625%, 01/15/2040   100,000 105,500
NBC Universal Media LLC      
3.650%, 04/30/2015   90,000 94,735
News America, Inc.      
6.150%, 02/15/2041   250,000 265,110
Nissan Motor Acceptance Corp.      
4.500%, 01/30/2015 (S)   165,000 175,265
Time Warner Cable, Inc.      
6.750%, 07/01/2018   250,000 291,219
UBM PLC      
5.750%, 11/03/2020 (S)   105,000 112,346
Viacom, Inc.      
6.125%, 10/05/2017   250,000 284,761
 
      1,648,906
Consumer Staples - 2.26%      
Bunge Ltd. Finance Corp.      
4.100%, 03/15/2016   250,000 256,919
8.500%, 06/15/2019   80,000 99,788
CVS Caremark Corp.      
4.875%, 09/15/2014   250,000 273,213
Lorillard Tobacco Company      
3.500%, 08/04/2016   25,000 25,051
6.875%, 05/01/2020   250,000 277,578
The Kroger Company      
6.400%, 08/15/2017   250,000 296,648
 
      1,229,197

 

59

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Bond PS Series (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy - 2.48%      
DCP Midstream LLC      
9.750%, 03/15/2019 (S) $ 250,000 $ 333,005
Energy Transfer Partners LP      
9.700%, 03/15/2019   125,000 154,906
Enterprise Products Operating LLC      
6.500%, 01/31/2019   135,000 159,139
Husky Energy, Inc.      
5.900%, 06/15/2014   250,000 274,392
Kerr-McGee Corp.      
6.950%, 07/01/2024   15,000 17,561
Kinder Morgan Energy Partners LP      
7.750%, 03/15/2032   70,000 87,666
Marathon Petroleum Corp.      
6.500%, 03/01/2041 (S)   100,000 108,146
Spectra Energy Capital LLC      
6.200%, 04/15/2018   30,000 33,926
TransCanada Pipelines, Ltd. (6.350% to      
05/15/2017, then 3 month LIBOR + 2.210%)    
05/15/2067   90,000 89,676
Williams Partners LP/Williams Partners      
Finance Corp.      
7.250%, 02/01/2017   75,000 87,031
 
      1,345,448
Financials - 18.18%      
Abbey National Treasury Services PLC      
4.000%, 04/27/2016   250,000 230,926
Aflac, Inc.      
6.900%, 12/17/2039   70,000 72,007
8.500%, 05/15/2019   90,000 109,673
American Express Company      
7.000%, 03/19/2018   250,000 296,056
Banco de Credito del Peru      
4.750%, 03/16/2016 (S)   250,000 241,250
Bank of America Corp.      
5.650%, 05/01/2018   250,000 237,626
6.500%, 08/01/2016   115,000 114,270
Bank of America NA      
6.000%, 10/15/2036   140,000 128,149
Barclays Bank PLC      
5.140%, 10/14/2020   130,000 105,558
5.200%, 07/10/2014   250,000 255,775
BB&T Corp.      
5.200%, 12/23/2015   250,000 268,716
BBVA Bancomer SA      
6.500%, 03/10/2021 (S)   250,000 230,625
BioMed Realty LP      
6.125%, 04/15/2020   50,000 52,803
Capital One Financial Corp.      
6.150%, 09/01/2016   250,000 264,997
Chubb Corp. (6.375% until 04/15/2017, then    
3 month LIBOR + 2.250%)      
03/29/2067   110,000 106,563
Citigroup, Inc.      
5.850%, 12/11/2034   100,000 96,765
6.125%, 11/21/2017   75,000 80,204
CNA Financial Corp.      
5.850%, 12/15/2014   75,000 79,274
6.500%, 08/15/2016   30,000 32,249
7.250%, 11/15/2023   100,000 109,927
Credit Suisse New York      
5.300%, 08/13/2019   250,000 252,880
Crown Castle Towers LLC      
4.883%, 08/15/2020 (S)   210,000 218,865

 

Bond PS Series (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Discover Bank      
7.000%, 04/15/2020 $ 250,000 $ 265,311
Duke Realty LP      
6.750%, 03/15/2020   150,000 155,962
General Electric Capital Corp.      
4.375%, 09/16/2020   35,000 35,664
5.625%, 05/01/2018   250,000 273,584
5.875%, 01/14/2038   30,000 30,824
6.000%, 08/07/2019   35,000 39,445
GTP Acquisition Partners I LLC      
4.347%, 06/15/2016 (S)   40,000 40,227
GTP Towers Issuer LLC      
4.436%, 02/15/2015 (S)   250,000 264,890
Hartford Financial Services Group, Inc.      
6.300%, 03/15/2018   200,000 206,943
6.625%, 03/30/2040   80,000 75,084
Health Care REIT, Inc.      
6.125%, 04/15/2020   65,000 67,874
Jefferies Group, Inc.      
6.875%, 04/15/2021   150,000 156,007
JPMorgan Chase & Company      
5.600%, 07/15/2041   55,000 57,606
6.000%, 01/15/2018   250,000 278,688
JPMorgan Chase & Company (7.900% to      
04/30/2018, then 3 month LIBOR + 3.470%)    
04/30/2018 (Q)   160,000 164,802
Key Bank NA      
5.800%, 07/01/2014   250,000 269,616
Liberty Mutual Group, Inc.      
5.000%, 06/01/2021 (S)   115,000 109,412
Lincoln National Corp. (6.050% to 04/20/17,    
then 3 month LIBOR + 2.040%)      
04/20/2067   250,000 202,500
Lloyds TSB Bank PLC      
6.375%, 01/21/2021   150,000 148,083
Macquarie Bank, Ltd.      
6.625%, 04/07/2021 (S)   150,000 141,103
Merrill Lynch & Company, Inc.      
6.220%, 09/15/2026   35,000 29,652
6.875%, 04/25/2018   70,000 70,095
Morgan Stanley      
5.500%, 07/28/2021   15,000 13,913
5.750%, 01/25/2021   10,000 9,213
7.300%, 05/13/2019   250,000 257,916
ProLogis LP      
7.625%, 08/15/2014   100,000 108,989
Santander Holdings USA, Inc.      
4.625%, 04/19/2016   250,000 240,992
Teachers Insurance & Annuity Association of    
America      
6.850%, 12/16/2039 (S)   220,000 270,270
The Goldman Sachs Group, Inc.      
5.250%, 07/27/2021   30,000 29,638
6.150%, 04/01/2018   70,000 72,613
6.750%, 10/01/2037   250,000 229,164
The Hanover Insurance Group, Inc.      
6.375%, 06/15/2021   15,000 15,746
The Royal Bank of Scotland PLC      
4.875%, 03/16/2015   250,000 244,893
The Travelers Companies, Inc.      
3.900%, 11/01/2020   100,000 102,700
Unum Group      
7.125%, 09/30/2016   250,000 288,254
UnumProvident Finance Company PLC      
6.850%, 11/15/2015 (S)   95,000 106,569

 

60

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Bond PS Series (continued)      
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Ventas Realty LP/Ventas Capital Corp.      
4.750%, 06/01/2021 $ 240,000 $ 230,824
Vornado Realty LP      
4.250%, 04/01/2015   200,000 207,493
Wachovia Bank NA      
6.600%, 01/15/2038   95,000 109,103
Wachovia Corp.      
5.250%, 08/01/2014   150,000 157,433
5.750%, 06/15/2017   85,000 95,759
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
6.750%, 09/02/2019 (S)   85,000 94,561
Willis Group Holdings PLC      
5.750%, 03/15/2021   250,000 261,308
Willis North America, Inc.      
7.000%, 09/29/2019   50,000 57,909
 
      9,873,790
Health Care - 0.38%      
Medco Health Solutions, Inc.      
7.125%, 03/15/2018   170,000 206,268
Industrials - 1.62%      
Continental Airlines 2010-1 Class A Pass      
Through Trust      
4.750%, 01/12/2021   30,000 28,800
Delta Air Lines 2011-1 Class A Pass      
Through Trust      
5.300%, 04/15/2019   110,000 107,800
Embraer Overseas, Ltd.      
6.375%, 01/15/2020   100,000 108,500
International Lease Finance Corp.      
7.125%, 09/01/2018 (S)   115,000 115,431
Lockheed Martin Corp.      
3.350%, 09/15/2021   135,000 133,880
Pentair, Inc.      
5.000%, 05/15/2021   100,000 104,585
Textron, Inc.      
5.600%, 12/01/2017   100,000 105,559
6.200%, 03/15/2015   70,000 75,227
Voto-Votorantim, Ltd.      
6.750%, 04/05/2021 (S)   100,000 98,500
 
      878,282
Information Technology - 0.12%      
Hewlett-Packard Company      
4.375%, 09/15/2021   65,000 66,133
Materials - 3.19%      
Alcoa, Inc.      
5.400%, 04/15/2021   50,000 48,519
Allegheny Technologies, Inc.      
5.950%, 01/15/2021   150,000 158,082
ArcelorMittal      
6.125%, 06/01/2018   100,000 96,636
6.750%, 03/01/2041   250,000 216,503
Braskem Finance, Ltd.      
7.000%, 05/07/2020 (S)   100,000 101,500
Cliffs Natural Resources, Inc.      
6.250%, 10/01/2040   100,000 97,621
International Paper Company      
7.950%, 06/15/2018   250,000 289,048
9.375%, 05/15/2019   200,000 244,731
Potash Corp. of Saskatchewan, Inc.      
5.250%, 05/15/2014   150,000 165,152
Rio Tinto Finance USA, Ltd.      
7.125%, 07/15/2028   120,000 158,972

 

Bond PS Series (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Materials (continued)      
Teck Resources, Ltd.      
6.250%, 07/15/2041 $ 115,000 $ 120,898
Vale Overseas, Ltd.      
6.875%, 11/10/2039   30,000 32,250
 
      1,729,912
Telecommunication Services - 3.14%      
Alltel Corp.      
7.000%, 03/15/2016   150,000 178,342
America Movil SAB de CV      
5.000%, 03/30/2020   250,000 264,000
AT&T, Inc.      
5.550%, 08/15/2041   105,000 113,352
6.500%, 09/01/2037   75,000 87,809
CenturyLink, Inc.      
6.450%, 06/15/2021   30,000 27,835
7.600%, 09/15/2039   30,000 27,038
Qwest Corp.      
7.500%, 10/01/2014   250,000 270,000
SBA Tower Trust      
5.101%, 04/15/2017 (S)   205,000 222,938
Telecom Italia Capital SA      
5.250%, 11/15/2013   85,000 83,095
7.721%, 06/04/2038   250,000 238,831
Telefonica Emisiones SAU      
2.582%, 04/26/2013   200,000 193,563
 
      1,706,803
Utilities - 2.11%      
Comision Federal de Electricidad      
4.875%, 05/26/2021 (S)   30,000 30,150
Duke Energy Corp.      
6.300%, 02/01/2014   250,000 277,268
Exelon Generation Company LLC      
6.250%, 10/01/2039   130,000 151,462
NiSource Finance Corp.      
5.400%, 07/15/2014   250,000 270,848
Oncor Electric Delivery Company LLC      
5.000%, 09/30/2017   100,000 110,118
PNPP II Funding Corp.      
9.120%, 05/30/2016   100,000 109,463
PSEG Power LLC      
5.000%, 04/01/2014   150,000 160,677
Wisconsin Energy Corp. (6.250% to      
05/15/2017, then 3 month LIBOR + 2.113%)    
05/15/2067   35,000 34,956
 
      1,144,942
TOTAL CORPORATE BONDS (Cost $20,422,410) $ 19,829,681
 
CAPITAL PREFERRED SECURITIES - 0.76%    
Financials - 0.76%      
Aon Corp. , 8.205%, 01/01/2027   130,000 151,463
MetLife Capital Trust X (9.250% to      
04/08/2038 then 3 month      
LIBOR + 5.540%) 04/08/2038 (S)   100,000 112,500
PNC Financial Services Group, Inc. ,      
6.750%, 08/01/2021 (P)(Q)   90,000 86,196
State Street Capital Trust IV,      
1.347%, 06/15/2037 (P)   90,000 61,667
 
      411,826
TOTAL CAPITAL PREFERRED SECURITIES (Cost $437,923) $ 411,826

 

61

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Bond PS Series (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
COLLATERALIZED MORTGAGE        
OBLIGATIONS - 1.93%        
U.S. Government Agency - 1.93%        
Federal National Mortgage Association        
Series 2010-93, Class AI IO,        
4.000%, 08/25/2020 $ 373,983 $ 34,127
Series 2011-71, Class BA,        
4.000%, 05/25/2037   737,351   782,686
Series 2011-49, Class LA,        
4.000%, 05/25/2041   150,536   161,442
Series 407, Class 21 IO,        
5.000%, 01/25/2039   135,014   18,022
Series 407, Class 15 IO,        
5.000%, 01/25/2040   137,826   18,113
Series 407, Class 16 IO,        
5.000%, 01/25/2040   92,040   14,798
Series 407, Class 17 IO,        
5.000%, 01/25/2040   95,449   18,660
        1,047,848
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $1,090,588)     $ 1,047,848
 
ASSET BACKED SECURITIES - 0.24%        
Asset Backed Securities - 0.24%        
FUEL Trust, Series 2011-1        
4.207%, 04/15/2016 (S)   130,000   129,596
TOTAL ASSET BACKED SECURITIES (Cost $128,722) $ 129,596
 
MUNICIPAL BONDS - 0.05%        
Illinois - 0.05%        
State of Illinois 5.100%, 06/01/2033   30,000   27,557
TOTAL MUNICIPAL BONDS (Cost $26,707)   $ 27,557
Total Investments (Bond PS Series)        
(Cost $55,923,114) - 102.07%     $ 55,423,206
Other assets and liabilities, net - (2.07%)       (1,123,407)
TOTAL NET ASSETS - 100.00%     $ 54,299,799
 
SALE COMMITMENTS OUTSTANDING      
U.S. Government Agency - (0.24)%        
Federal National Mortgage Association        
4.000%, TBA   (125,000)   (131,054)
TOTAL U.S. GOVERNMENT AGENCY (Cost $(130,596)) $ (131,054)
 
 
 
Capital Appreciation Trust      
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS - 98.57%        
Consumer Discretionary - 24.67%        
Auto Components - 1.05%        
BorgWarner, Inc. (I)(L)   167,600 $ 10,144,828
Automobiles - 1.24%        
Bayerische Motoren Werke (BMW) AG   95,299   6,314,539
Harley-Davidson, Inc.   164,628   5,651,679
        11,966,218
Hotels, Restaurants & Leisure - 5.56%        
Chipotle Mexican Grill, Inc. (I)(L)   55,919   16,940,661
McDonald’s Corp.   190,118   16,696,163

 

Capital Appreciation Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Starbucks Corp. 540,818 $ 20,167,103
 
    53,803,927
Internet & Catalog Retail - 6.21%    
Amazon.com, Inc. (I) 235,171 50,851,025
priceline.com, Inc. (I) 20,748 9,325,396
 
    60,176,421
Media - 1.26%    
The Walt Disney Company 405,972 12,244,116
Specialty Retail - 1.82%    
Bed Bath & Beyond, Inc. (I) 180,163 10,325,142
Tiffany & Company 120,464 7,326,620
 
    17,651,762
Textiles, Apparel & Luxury Goods - 7.53%    
Burberry Group PLC-ADR (L) 222,716 8,240,492
Coach, Inc. 187,146 9,699,777
Lululemon Athletica, Inc. (I) 192,106 9,345,957
LVMH Moet Hennessy Louis Vuitton SA 58,593 7,769,829
NIKE, Inc., Class B 228,660 19,552,717
Ralph Lauren Corp. 141,079 18,297,946
 
    72,906,718
 
    238,893,990
Consumer Staples - 7.43%    
Food & Staples Retailing - 3.65%    
Costco Wholesale Corp. 244,210 20,054,525
Whole Foods Market, Inc. 233,966 15,280,319
 
    35,334,844
Food Products - 2.37%    
Green Mountain Coffee Roasters, Inc. (I) 106,986 9,943,279
Mead Johnson Nutrition Company 189,337 13,032,066
 
    22,975,345
Personal Products - 1.41%    
The Estee Lauder Companies, Inc., Class A 154,857 13,602,639
 
    71,912,828
Energy - 5.64%    
Energy Equipment & Services - 2.72%    
National Oilwell Varco, Inc. 180,970 9,269,283
Schlumberger, Ltd. 286,115 17,089,649
 
    26,358,932
Oil, Gas & Consumable Fuels - 2.92%    
Anadarko Petroleum Corp. 139,079 8,768,931
Concho Resources, Inc. (I) 73,023 5,194,856
EOG Resources, Inc. 77,374 5,494,328
Occidental Petroleum Corp. 122,766 8,777,769
 
    28,235,884
 
    54,594,816
Financials - 2.68%    
Capital Markets - 0.81%    
Franklin Resources, Inc. 4,031 385,525
The Goldman Sachs Group, Inc. 78,648 7,436,168
 
    7,821,693
Consumer Finance - 1.87%    
American Express Company 403,408 18,113,019
 
    25,934,712

 

62

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care - 13.42%    
Biotechnology - 3.26%    
Alexion Pharmaceuticals, Inc. (I) 75,822 $ 4,857,157
Celgene Corp. (I) 309,646 19,173,280
Vertex Pharmaceuticals, Inc. (I) 168,371 7,499,244
 
    31,529,681
Health Care Providers & Services - 1.48%    
Express Scripts, Inc. (I) 387,212 14,353,949
Life Sciences Tools & Services - 1.92%    
Agilent Technologies, Inc. (I) 356,542 11,141,938
Illumina, Inc. (I)(L) 182,800 7,480,176
 
    18,622,114
Pharmaceuticals - 6.76%    
Allergan, Inc. 210,793 17,365,127
Johnson & Johnson 223,169 14,218,097
Novo Nordisk A/S, ADR 148,395 14,768,270
Shire PLC, ADR (L) 203,330 19,098,787
 
    65,450,281
    129,956,025
Industrials - 7.12%    
Aerospace & Defense - 5.32%    
Precision Castparts Corp. 148,801 23,132,603
The Boeing Company 225,418 13,640,043
United Technologies Corp. 209,069 14,710,095
 
    51,482,741
Machinery - 0.79%    
Deere & Company (L) 119,017 7,684,928
Road & Rail - 1.01%    
Union Pacific Corp. 120,320 9,826,534
 
    68,994,203
Information Technology - 33.23%    
Communications Equipment - 2.38%    
Juniper Networks, Inc. (I) 381,209 6,579,667
QUALCOMM, Inc. 338,385 16,455,663
 
    23,035,330
Computers & Peripherals - 8.80%    
Apple, Inc. (I) 148,847 56,737,499
EMC Corp. (I) 897,583 18,840,267
NetApp, Inc. (I) 284,716 9,663,261
 
    85,241,027
Internet Software & Services - 4.85%    
Baidu, Inc., ADR (I) 148,594 15,886,185
Google, Inc., Class A (I) 48,002 24,691,269
Tencent Holdings, Ltd., ADR 270,807 5,624,661
Youku.com, Inc., ADR (I)(L) 47,435 776,037
 
    46,978,152
IT Services - 7.00%    
Cognizant Technology    
Solutions Corp., Class A (I) 124,801 7,825,023
International Business Machines Corp. 179,604 31,436,088
MasterCard, Inc., Class A 89,884 28,507,609
 
    67,768,720
Semiconductors & Semiconductor Equipment - 2.36%  
Altera Corp. 135,225 4,263,644
ARM Holdings PLC (L) 203,267 5,183,309
Avago Technologies, Ltd. 240,629 7,885,412

 

Capital Appreciation Trust (continued)  
    Shares or  
    Principal  
    Amount Value
COMMON STOCKS (continued)      
Semiconductors & Semiconductor Equipment (continued)  
Broadcom Corp., Class A (I)   167,099 $ 5,562,726
 
      22,895,091
Software - 7.84%      
Oracle Corp.   984,073 28,282,258
Red Hat, Inc. (I)   303,431 12,822,994
Salesforce.com, Inc. (I)   165,801 18,947,738
VMware, Inc., Class A (I)   197,557 15,879,632
 
      75,932,622
 
      321,850,942
Materials - 2.90%      
Chemicals - 2.90%      
E.I. du Pont de Nemours & Company   196,159 7,840,475
Monsanto Company   337,051 20,236,542
 
      28,077,017
 
      28,077,017
Telecommunication Services - 1.48%      
Wireless Telecommunication Services - 1.48%    
American Tower Corp., Class A (I)   267,134 14,371,811
TOTAL COMMON STOCKS (Cost $847,955,919)   $ 954,586,344
SECURITIES LENDING COLLATERAL - 3.29%  
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   3,181,724 31,833,785
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $31,832,898)     $ 31,833,785
SHORT-TERM INVESTMENTS - 1.34%    
Money Market Funds - 1.34%      
State Street Institutional Treasury Money      
Market Fund, 0.0000% (Y) $ 12,983,559 $ 12,983,559
TOTAL SHORT-TERM INVESTMENTS (Cost $12,983,559) $ 12,983,559
Total Investments (Capital Appreciation Trust)    
(Cost $892,772,376) - 103.20%     $ 999,403,688
Other assets and liabilities, net - (3.20%)     (31,010,311)
 
TOTAL NET ASSETS - 100.00%     $ 968,393,377
 
 
Capital Appreciation Value Trust  
    Shares or  
    Principal  
    Amount Value
COMMON STOCKS - 70.58%      
Consumer Discretionary - 9.20%      
Auto Components - 0.05%      
TRW Automotive Holdings Corp. (I)   4,800 $ 157,104
Automobiles - 0.88%      
General Motors Company (I)   130,700 2,637,526
Hotels, Restaurants & Leisure - 1.79%      
Carnival Corp. (L)   72,200 2,187,660
McDonald’s Corp.   36,100 3,170,302
 
      5,357,962
Leisure Equipment & Products - 0.18%      
Mattel, Inc.   21,500 556,635
Media - 2.10%      
The Walt Disney Company   155,300 4,683,848

 

63

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Media (continued)    
Time Warner, Inc. (L) 53,900 $ 1,615,383
    6,299,231
Multiline Retail - 3.20%    
Dollar General Corp. (I)(L) 73,700 2,782,912
Kohl’s Corp. (L) 138,900 6,819,990
 
    9,602,902
Specialty Retail - 1.00%    
Lowe’s Companies, Inc. (E) 81,300 1,572,342
O’Reilly Automotive, Inc. (I) 21,300 1,419,219
 
    2,991,561
    27,602,921
Consumer Staples - 6.92%    
Beverages - 0.97%    
PepsiCo, Inc. 47,200 2,921,680
Food Products - 3.88%    
General Mills, Inc. (L) 233,500 8,982,745
Kellogg Company 49,900 2,654,181
 
    11,636,926
Household Products - 1.70%    
Colgate-Palmolive Company 8,600 762,648
The Procter & Gamble Company (E) 68,537 4,330,168
 
    5,092,816
Tobacco - 0.37%    
Philip Morris International, Inc. 17,800 1,110,364
 
    20,761,786
Energy - 8.22%    
Energy Equipment & Services - 0.54%    
Weatherford International, Ltd. (I) 132,700 1,620,267
Oil, Gas & Consumable Fuels - 7.68%    
Canadian Natural Resources, Ltd. 82,400 2,411,848
Devon Energy Corp. 42,500 2,356,200
El Paso Corp. 224,700 3,927,756
EOG Resources, Inc. 64,100 4,551,741
Nexen, Inc. 283,600 4,392,964
QEP Resources, Inc. 50,100 1,356,207
Spectra Energy Corp. (L) 164,100 4,025,373
 
    23,022,089
    24,642,356
Financials - 10.43%    
Capital Markets - 0.51%    
Franklin Resources, Inc. 16,100 1,539,804
Commercial Banks - 6.05%    
KeyCorp 156,100 925,673
SunTrust Banks, Inc. 70,000 1,256,500
U.S. Bancorp 472,800 11,129,712
Wells Fargo & Company (E) 200,200 4,828,824
 
    18,140,709
Diversified Financial Services - 1.77%    
Deutsche Boerse AG (I) 48,015 2,411,112
JPMorgan Chase & Company (E) 95,700 2,882,484
 
    5,293,596
Insurance - 2.10%    
AON Corp. 149,900 6,292,802
 
    31,266,911

 

Capital Appreciation Value Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Health Care - 8.79%    
Health Care Equipment & Supplies - 0.54%    
Covidien PLC (E) 36,900 $ 1,627,290
Health Care Providers & Services - 1.49%    
Henry Schein, Inc. (I)(E) 1,857 115,153
Laboratory Corp. of America Holdings (I)(L) 11,600 916,980
Quest Diagnostics, Inc. (L) 69,400 3,425,584
 
    4,457,717
Life Sciences Tools & Services - 3.50%    
Thermo Fisher Scientific, Inc. (I) 207,100 10,487,544
Pharmaceuticals - 3.26%    
Pfizer, Inc. (E) 554,070 9,795,958
 
    26,368,509
Industrials - 12.11%    
Aerospace & Defense - 2.68%    
Honeywell International, Inc. 500 21,955
Lockheed Martin Corp. (E) 11,600 842,624
United Technologies Corp. (L) 101,700 7,155,612
 
    8,020,191
Electrical Equipment - 2.97%    
Cooper Industries PLC 156,500 7,217,780
Emerson Electric Company (L) 41,000 1,693,710
 
    8,911,490
Industrial Conglomerates - 3.51%    
Danaher Corp. 251,100 10,531,134
Machinery - 1.76%    
Ingersoll-Rand PLC (L) 152,400 4,280,916
Pall Corp. 23,500 996,400
 
    5,277,316
Trading Companies & Distributors - 1.19%    
Mitsubishi Corp. 175,300 3,569,928
 
    36,310,059
Information Technology - 10.98%    
Communications Equipment - 0.51%    
Cisco Systems, Inc. 99,000 1,533,510
Computers & Peripherals - 1.26%    
Apple, Inc. (I) 5,900 2,248,962
Hewlett-Packard Company 67,700 1,519,865
 
    3,768,827
Electronic Equipment, Instruments & Components - 2.21%  
TE Connectivity, Ltd. 235,900 6,638,226
Internet Software & Services - 1.18%    
Google, Inc., Class A (I) 6,900 3,549,222
IT Services - 3.85%    
Accenture PLC, Class A (L) 40,500 2,133,540
Amdocs, Ltd. (I) 70,000 1,898,400
Fiserv, Inc. (I) 31,500 1,599,255
International Business Machines Corp. (L) 33,800 5,916,014
 
    11,547,209
Semiconductors & Semiconductor Equipment - 1.80%  
Analog Devices, Inc. 10,900 340,625
Texas Instruments, Inc. (L) 189,400 5,047,510
 
    5,388,135
Software - 0.17%    
Autodesk, Inc. (I) 18,500 513,930
 
    32,939,059

 

64

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)      
Materials - 0.15%      
Chemicals - 0.15%      
Air Products & Chemicals, Inc.   5,900 $ 450,583
Telecommunication Services - 2.73%      
Diversified Telecommunication Services - 2.73%    
AT&T, Inc. (E)(L)   286,500 8,170,975
Utilities - 1.05%      
Electric Utilities - 0.87%      
Edison International   46,300 1,770,975
Entergy Corp.   12,900 855,141
 
      2,626,116
Multi-Utilities - 0.18%      
MDU Resources Group, Inc.   27,800 533,482
 
      3,159,598
TOTAL COMMON STOCKS (Cost $216,138,286) $ 211,672,757
 
PREFERRED SECURITIES - 1.72%      
Consumer Discretionary - 0.75%      
Automobiles - 0.39%      
General Motors Company, Series B, 4.750% $ 33,800 $ 1,185,704
Household Durables - 0.36%      
Newell Financial Trust I, 5.250%   25,400 1,066,800
 
      2,252,504
Consumer Staples - 0.14%      
Food Products - 0.14%      
H.J. Heinz Finance Company, 8.000% (S)   4 428,750
Financials - 0.59%      
Commercial Banks - 0.10%      
Wells Fargo & Company, Series L, 7.500%   300 309,918
Diversified Financial Services - 0.49%      
AMG Capital Trust I, 5.100%   34,460 1,464,550
 
      1,774,468
Utilities - 0.24%      
Electric Utilities - 0.24%      
PPL Corp., 8.750%   13,100 712,509
TOTAL PREFERRED SECURITIES (Cost $5,660,791) $ 5,168,231
 
CORPORATE BONDS - 5.49%      
Consumer Discretionary - 0.77%      
CCH II LLC/CCH II Capital Corp.      
13.500%, 11/30/2016 $ 100,000 $ 114,000
Lamar Media Corp.      
9.750%, 04/01/2014   885,000 975,713
MGM Resorts International      
9.000%, 03/15/2020   175,000 181,781
10.375%, 05/15/2014   200,000 218,250
13.000%, 11/15/2013   260,000 296,400
Penske Automotive Group, Inc.      
7.750%, 12/15/2016   20,000 19,800
Sirius XM Radio, Inc.      
9.750%, 09/01/2015 (S)   225,000 243,563
Time Warner, Inc.      
5.875%, 11/15/2016   195,000 220,556
Univision Communications, Inc.      
7.875%, 11/01/2020 (S)   50,000 46,875
 
      2,316,938

 

Capital Appreciation Value Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples - 0.17%      
Pernod-Ricard SA      
5.750%, 04/07/2021 (S) $ 220,000 $ 241,471
Rite Aid Corp.      
10.375%, 07/15/2016   250,000 255,625
 
      497,096
Energy - 1.11%      
Consol Energy Inc.      
8.000%, 04/01/2017   1,100,000 1,149,500
Forest Oil Corp.      
8.500%, 02/15/2014   250,000 264,375
Peabody Energy Corp.      
6.500%, 09/15/2020   180,000 189,225
7.375%, 11/01/2016   180,000 197,775
Petrohawk Energy Corp.      
10.500%, 08/01/2014   400,000 449,000
Pride International, Inc.      
8.500%, 06/15/2019   170,000 213,303
QEP Resources, Inc.      
6.875%, 03/01/2021   100,000 104,500
6.800%, 03/01/2020   120,000 125,700
Quicksilver Resources, Inc.      
11.750%, 01/01/2016   375,000 405,000
Range Resources Corp.      
8.000%, 05/15/2019   200,000 219,000
 
      3,317,378
Financials - 0.23%      
Janus Capital Group, Inc.      
6.700%, 06/15/2017   675,000 699,633
Industrials - 0.78%      
American Airlines Pass      
Through Trust 2009-1A      
10.375%, 07/02/2019   112,634 122,771
Continental Airlines 2009-1 Pass      
Through Trust      
9.000%, 07/08/2016   287,300 310,284
Continental Airlines 2009-2 Class A Pass      
Through Trust      
7.250%, 11/10/2019   95,192 98,999
Continental Airlines, Inc.      
6.750%, 09/15/2015 (S)   190,000 182,400
Delta Air Lines 2009-1 Class A Pass      
Through Trust      
7.750%, 12/17/2019   224,359 235,577
Delta Air Lines 2011-1 Class A Pass      
Through Trust      
5.300%, 04/15/2019   150,000 147,000
International Lease Finance Corp.      
7.125%, 09/01/2018 (S)   100,000 100,375
6.750%, 09/01/2016 (S)   325,000 325,813
6.500%, 09/01/2014 (S)   250,000 250,000
U.S. Airways 2010-1 Class A Pass      
Through Trust      
6.250%, 04/22/2023   530,000 477,000
US Airways 2010-1 Class B Pass      
Through Trust      
8.500%, 04/22/2017   80,000 76,600
 
      2,326,819
Information Technology - 0.27%      
First Data Corp.      
7.375%, 06/15/2019 (S)   350,000 310,625

 

65

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Information Technology (continued)      
Tyco Electronics Group SA      
6.000%, 10/01/2012 $ 475,000 $ 497,728
      808,353
Materials - 0.15%      
Ball Corp.      
7.375%, 09/01/2019   125,000 131,875
Georgia-Pacific LLC      
8.250%, 05/01/2016 (S)   200,000 221,117
Silgan Holdings, Inc.      
7.250%, 08/15/2016   100,000 103,500
 
      456,492
Telecommunication Services - 1.67%      
American Tower Corp.      
4.500%, 01/15/2018   305,000 305,659
CC Holdings GS V LLC/Crown Castle      
GS III Corp.      
7.750%, 05/01/2017 (S)   880,000 937,200
Crown Castle International Corp.      
9.000%, 01/15/2015   2,925,000 3,100,500
Nextel Communications, Inc.      
5.950%, 03/15/2014   350,000 328,125
SBA Telecommunications, Inc.      
8.250%, 08/15/2019   75,000 78,750
8.000%, 08/15/2016   100,000 104,750
Sprint Capital Corp.      
8.375%, 03/15/2012   125,000 126,250
6.900%, 05/01/2019   25,000 21,500
 
      5,002,734
Utilities - 0.34%      
Calpine Construction Finance Company LP      
8.000%, 06/01/2016 (S)   750,000 768,750
Calpine Corp.      
7.500%, 02/15/2021 (S)   275,000 262,625
 
      1,031,375
TOTAL CORPORATE BONDS (Cost $15,723,999) $ 16,456,818
 
CONVERTIBLE BONDS - 2.36%      
Consumer Discretionary - 0.73%      
Group 1 Automotive, Inc.      
2.250%, 06/15/2036   1,746,000 1,702,350
3.000%, 03/15/2020 (S)   447,000 500,081
 
      2,202,431
Energy - 0.20%      
Oil States International, Inc.      
2.375%, 07/01/2025   363,000 588,514
Financials - 0.45%      
Host Hotels & Resorts LP      
2.625%, 04/15/2027 (S)   1,332,000 1,335,330
Health Care - 0.05%      
Health Management Associates Inc      
3.750%, 05/01/2028 (S)   145,000 146,450
Industrials - 0.03%      
Actuant Corp. 2.672%, 11/15/2023   75,000 81,844
Information Technology - 0.65%      
Liberty Media LLC 3.125%, 03/30/2023   1,008,000 1,082,340
Xilinx, Inc. 3.125%, 03/15/2037   876,000 876,000
 
      1,958,340
Materials - 0.17%      
United States Steel Corp. 4.000%, 05/15/2014 497,000 518,123

 

Capital Appreciation Value Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
CONVERTIBLE BONDS (continued)      
Telecommunication Services - 0.08%      
SBA Communications Corp.      
1.875%, 05/01/2013 $ 229,000 $ 237,588
TOTAL CONVERTIBLE BONDS (Cost $6,026,895) $ 7,068,620
 
TERM LOANS (M) - 10.42%      
Consumer Discretionary - 7.16%      
Cedar Fair LP 4.000%, 12/15/2017   636,835 625,292
Charter Communications Operating LLC      
3.500%, 09/06/2016   1,199,702 1,157,713
2.240%, 03/06/2014   4,114 4,094
7.250%, 03/06/2014   13,572 13,504
CSC Holdings LLC      
2.367%, 02/24/2012   248,459 243,490
1.990%, 03/29/2016   2,550,319 2,483,373
DineEquity, Inc. 4.250%, 10/19/2017   1,360,175 1,317,670
Dollar General Corp. 2.991%, 07/07/2014   1,750,000 1,731,133
Dunkin’ Brands, Inc. 4.000%, 11/23/2017   8,196,939 7,913,464
Federal-Mogul Corp.      
2.166%, 12/29/2015   2,320,205 2,130,720
2.159%, 12/28/2014   2,624,477 2,410,143
Univision Communications, Inc.      
4.489%, 03/31/2017   1,686,067 1,428,239
 
      21,458,835
Consumer Staples - 1.18%      
Pinnacle Foods Finance LLC/Pinnacle Foods    
Finance Corp. 2.722%, 04/02/2014   735,771 697,603
Reynolds Group Holdings, Inc.      
6.500%, 02/09/2018   1,965,125 1,897,328
6.500%, 08/09/2018   500,000 482,917
Rite Aid Corp. 4.500%, 03/02/2018   500,000 462,500
 
      3,540,348
Financials - 0.41%      
Fifth Third Processing Solutions, Inc.      
4.500%, 11/03/2016   223,875 216,226
MSCI, Inc. 3.750%, 03/14/2017   248,750 247,092
Nuveen Investments, Inc.      
5.819%, 05/12/2017   367,116 340,133
3.319%, 11/13/2014   314,192 288,114
Ship U.S. Bidco, Inc. 5.250%, 10/15/2017   150,000 143,859
 
      1,235,424
Health Care - 0.30%      
HCA, Inc. 1.619%, 11/19/2012   924,061 913,203
Industrials - 0.33%      
Farm Group Holdings, Inc.      
6.500%, 07/28/2017   500,000 496,250
Rexnord LLC 2.791%, 07/19/2013   500,000 481,250
 
      977,500
Information Technology - 0.42%      
First Data Corp. 2.985%, 09/24/2014   1,435,772 1,253,632
Telecommunication Services - 0.62%      
Intelsat Jackson Holdings SA      
5.250%, 04/02/2018   1,745,625 1,675,800
SBA Senior Finance 3.750%, 06/29/2018   199,500 194,762
 
      1,870,562
TOTAL TERM LOANS (Cost $32,161,768)   $ 31,249,504

 

66

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Capital Appreciation Value Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
SECURITIES LENDING COLLATERAL - 11.08%  
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y) $ 3,321,822 $ 33,235,496
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $33,234,612)     $ 33,235,496
 
SHORT-TERM INVESTMENTS - 9.90%      
Repurchase Agreement - 0.95%      
Repurchase Agreement with State Street Corp.      
dated 09/30/2011 at 0.010% to be      
repurchased at $2,843,002 on 10/03/2011,      
collateralized by $2,900,000 Federal Home      
Loan Bank, 0.250% due 06/29/2012 (valued      
at $2,903,625, including interest) $ 2,843,000 $ 2,843,000
Money Market Funds - 8.95%      
T. Rowe Price Reserve Investment      
Fund, 0.1383% (Y)   26,846,086 26,846,086
TOTAL SHORT-TERM INVESTMENTS (Cost $29,689,086) $ 29,689,086
Total Investments (Capital Appreciation Value Trust)  
(Cost $338,635,437) - 111.55%     $ 334,540,512
Other assets and liabilities, net - (11.55%)     (34,629,256)
TOTAL NET ASSETS - 100.00%     $ 299,911,256
 
 
 
Core Allocation Trust      
    Shares or  
    Principal  
    Amount Value
 
INVESTMENT COMPANIES - 100.03%      
Affiliated Investment Companies - 100.03%      
Equity - 86.94%      
John Hancock Variable Insurance Trust (G) - 86.94%  
500 Index, Series NAV (John Hancock) (A)(2)   1,261,942 $ 12,379,647
Core Allocation Plus, Series NAV (Wellington)   6,756,154 64,723,954
International Index, Series NAV      
(John Hancock) (A)(2)   657,235 9,444,462
Mid Cap Index, Series NAV      
(John Hancock) (A)(2)   406,805 6,077,670
Small Cap Index, Series NAV      
(John Hancock) (A)(2)   119,789 1,372,780
Fixed Income - 13.09%      
John Hancock Variable Insurance Trust (G) - 13.09%  
Total Bond Market A,      
Series NAV (Declaration) (A)   969,747 14,148,611
 
      14,148,611
TOTAL INVESTMENT COMPANIES (Cost $116,460,739) $ 108,147,124
Total Investments (Core Allocation Trust)      
(Cost $116,460,739) - 100.03%     $ 108,147,124
Other assets and liabilities, net - (0.03%)     (31,279)
TOTAL NET ASSETS - 100.00%     $ 108,115,845

 

Core Allocation Plus Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 48.17%    
Consumer Discretionary - 6.91%    
Auto Components - 0.29%    
Continental AG (I) 4,911 $ 282,214
Stanley Electric Company, Ltd. 12,900 194,852
Toyota Boshoku Corp. 14,300 204,587
 
    681,653
Automobiles - 0.19%    
Dongfeng Motor Group Company, Ltd. 18,000 23,855
Ford Motor Company (I) 14,400 139,248
Harley-Davidson, Inc. (L) 5,000 171,650
Hyundai Motor Company, Ltd. 699 122,615
 
    457,368
Diversified Consumer Services - 0.20%    
Benesse Holdings, Inc. 2,400 105,731
Estacio Participacoes SA 5,890 51,687
H&R Block, Inc. (L) 7,300 97,163
Weight Watchers International, Inc. 3,540 206,205
 
    460,786
Hotels, Restaurants & Leisure - 0.97%    
AFC Enterprises, Inc. (I) 2,970 35,135
China Lodging Group, Ltd., ADR (I)(L) 13,300 182,077
Chipotle Mexican Grill, Inc. (I)(L) 1,070 324,157
Domino’s Pizza UK & IRL PLC 19,365 133,489
Kangwon Land, Inc. 10,840 244,936
McDonald’s Corp. 2,400 210,768
PartyGaming PLC 92,395 176,113
Shanghai Jin Jiang International Hotels    
Group Company, Ltd. 1,260,000 148,377
Starbucks Corp. 4,300 160,347
Texas Roadhouse, Inc., Class A 4,020 53,144
The Cheesecake Factory, Inc. (I)(L) 4,510 111,172
Wynn Macau, Ltd. 46,000 105,707
Wynn Resorts, Ltd. (L) 3,300 379,764
 
    2,265,186
Household Durables - 0.36%    
PDG Realty SA Empreendimentos    
e Participacoes 75,100 244,841
Persimmon PLC 62,700 442,915
Tempur-Pedic International, Inc. (I)(L) 2,770 145,730
 
    833,486
Internet & Catalog Retail - 0.67%    
Amazon.com, Inc. (I)(L) 2,960 640,041
Expedia, Inc. 3,000 77,250
Hyundai Home Shopping Network Corp. 2,819 326,481
Netflix, Inc. (I)(L) 610 69,028
priceline.com, Inc. (I)(L) 660 296,644
Shutterfly, Inc. (I)(L) 3,930 161,837
 
    1,571,281
Leisure Equipment & Products - 0.52%    
Brunswick Corp. (L) 7,200 101,088
Mattel, Inc. 23,100 598,059
SEGA SAMMY HOLDINGS, INC. 22,300 520,846
 
    1,219,993
Media - 1.08%    
AirMedia Group, Inc., ADR (I)(L) 60,300 150,147
AMC Networks, Inc. (I) 1,900 60,705
Cablevision Systems Corp., Class A 2,400 37,752
CBS Corp., Class B 3,500 71,330
Cinemark Holdings, Inc. (L) 4,880 92,134
DIRECTV, Class A (I) 14,930 630,793
DreamWorks Animation SKG, Inc. (I)(L) 26,200 476,316

 

67

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Genius Products, Inc. (I) 32 $ 32
Scripps Networks    
Interactive, Inc., Class A (L) 6,200 230,454
The Walt Disney Company 9,200 277,472
Time Warner Cable, Inc. 1,300 81,471
Viacom, Inc., Class B 11,200 433,888
 
    2,542,494
Multiline Retail - 0.52%    
Big Lots, Inc. (I) 1,300 45,279
Dollar Tree, Inc. (I) 1,700 127,687
Kohl’s Corp. (L) 7,300 358,430
Maoye International Holdings, Ltd. (I) 1,636,000 330,057
New World Department Store China, Ltd. 507,000 280,362
Nordstrom, Inc. 1,800 82,224
 
    1,224,039
Specialty Retail - 1.66%    
Abercrombie & Fitch Company, Class A 700 43,092
AutoZone, Inc. (I) 630 201,090
Bed Bath & Beyond, Inc. (I) 4,300 246,433
Belle International Holdings, Ltd. 145,000 248,124
Dufry Group AG (I) 5,693 496,551
Esprit Holdings, Ltd. (I) 168,400 205,381
Express, Inc. 8,610 174,697
GNC Holdings, Inc., Class A (I) 5,570 112,068
Hengdeli Holdings, Ltd. 476,000 161,051
K’s Holding Corp. 2,900 113,436
Limited Brands, Inc. (L) 10,940 421,299
Lowe’s Companies, Inc. 15,200 293,968
Lumber Liquidators Holdings, Inc. (I)(L) 29,310 442,581
Rue21, Inc. (I)(L) 3,320 75,331
The Children’s Place    
Retail Stores, Inc. (I)(L) 1,500 69,795
TJX Companies, Inc. 2,800 155,316
Ulta Salon Cosmetics    
& Fragrance, Inc. (I)(L) 1,903 118,424
Urban Outfitters, Inc. (I)(L) 14,600 325,872
 
    3,904,509
Textiles, Apparel & Luxury Goods - 0.45%    
Coach, Inc. 7,950 412,049
Columbia Sportswear Company (L) 1,590 73,776
Daphne International Holdings, Ltd. 260,000 226,441
Deckers Outdoor Corp. (I)(L) 1,130 105,384
Hanesbrands, Inc. (I)(L) 7,841 196,103
Steven Madden, Ltd. (I) 1,530 46,053
 
    1,059,806
    16,220,601
Consumer Staples - 4.35%    
Beverages - 0.74%    
C&C Group PLC - London Exchange 57,625 217,267
Coca-Cola Enterprises, Inc. 21,800 542,384
Dr. Pepper Snapple Group, Inc. 2,300 89,194
Hansen Natural Corp. (I)(L) 1,580 137,918
PepsiCo, Inc. 800 49,520
The Coca-Cola Company 10,510 710,056
 
    1,746,339
Food & Staples Retailing - 0.92%    
CVS Caremark Corp. 18,800 631,304
Safeway, Inc. 12,440 206,877
The Fresh Market, Inc. (I) 2,600 99,216
The Kroger Company 9,900 217,404
Wal-Mart Stores, Inc. 13,060 677,814

 

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food & Staples Retailing (continued)    
Walgreen Company 8,375 $ 275,454
Whole Foods Market, Inc. 700 45,717
 
    2,153,786
Food Products - 1.15%    
ConAgra Foods, Inc. 3,700 89,614
Diamond Foods, Inc. (L) 1,040 82,982
Green Mountain Coffee Roasters, Inc. (I) 10,725 996,782
Hormel Foods Corp. 20,700 559,314
Kraft Foods, Inc., Class A 5,100 171,258
Mead Johnson Nutrition Company 5,700 392,331
The Hershey Company 3,300 195,492
Tyson Foods, Inc., Class A (L) 12,100 210,056
 
    2,697,829
Household Products - 0.48%    
Colgate-Palmolive Company 4,200 372,456
Kimberly-Clark Corp. 4,500 319,545
The Procter & Gamble Company 6,670 421,411
 
    1,113,412
Personal Products - 0.18%    
Herbalife, Ltd. 1,500 80,400
Pola Orbis Holdings, Inc. 11,700 345,092
 
    425,492
Tobacco - 0.88%    
Altria Group, Inc. 15,230 408,316
Lorillard, Inc. 5,440 602,208
Philip Morris International, Inc. 16,860 1,051,727
 
    2,062,251
 
    10,199,109
Energy - 4.19%    
Energy Equipment & Services - 0.51%    
Atwood Oceanics, Inc. (I) 3,030 104,111
Baker Hughes, Inc. 1,400 64,624
Diamond Offshore Drilling, Inc. 1,000 54,740
Gulfmark Offshore, Inc., Class A (I) 3,480 126,463
Halliburton Company 6,500 198,380
Helmerich & Payne, Inc. (L) 4,500 182,700
Hornbeck Offshore Services, Inc. (I)(L) 4,050 100,886
ION Geophysical Corp. (I)(L) 11,680 55,246
National Oilwell Varco, Inc. 3,500 179,270
Schlumberger, Ltd. 88 5,256
Tidewater, Inc. (L) 2,950 124,048
 
    1,195,724
Oil, Gas & Consumable Fuels - 3.68%    
Anadarko Petroleum Corp. 4,380 276,159
Canadian Natural Resources, Ltd. 14,000 411,089
Carrizo Oil & Gas, Inc. (I)(L) 3,400 73,270
Chevron Corp. 16,270 1,505,300
ConocoPhillips (L) 15,530 983,360
Consol Energy, Inc. (L) 4,400 149,292
Devon Energy Corp. 4,270 236,729
Exxon Mobil Corp. 33,475 2,431,289
Inpex Corp. 89 548,454
James River Coal Company (I)(L) 7,330 46,692
Karoon Gas Australia, Ltd. (I) 23,639 63,310
Marathon Oil Corp. 15,785 340,640
MEG Energy Corp. (I) 2,900 107,266
MEG Energy Corp. 6,300 233,026
Murphy Oil Corp. 5,540 244,646
Noble Energy, Inc. 3,840 271,872
Occidental Petroleum Corp. 2,810 200,915

 

68

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
Range Resources Corp. 1,400 $ 81,844
Rosetta Resources, Inc. (I)(L) 3,670 125,587
Total SA 3,637 160,358
Valero Energy Corp. 8,900 158,242
 
    8,649,340
    9,845,064
Financials - 6.25%    
Capital Markets - 0.80%    
Ameriprise Financial, Inc. 5,450 214,512
CETIP SA - Balcao Organizado de Ativos    
e Derivativos 10,700 133,732
EFG International (I) 47,574 350,703
Franklin Resources, Inc. 2,530 241,969
Knight Capital Group, Inc., Class A (I) 6,170 75,027
The Goldman Sachs Group, Inc. 2,420 228,811
UBS AG (Swiss Exchange) (I) 55,500 631,771
 
    1,876,525
Commercial Banks - 1.78%    
Banco Santander Brasil SA, ADR (L) 70,100 513,132
Bank of Ireland - London Exchange (I) 1,237,176 128,677
BB&T Corp. 4,000 85,320
BNP Paribas 3,177 125,753
Hana Financial Group, Inc. 15,540 451,608
M&T Bank Corp. (L) 4,000 279,600
Mitsubishi UFJ Financial Group 125,000 561,821
PNC Financial Services Group, Inc. 6,690 322,391
Royal Bank of Scotland Group PLC (I) 533,458 190,978
Signature Bank (I)(L) 2,580 123,143
U.S. Bancorp 6,900 162,426
Wells Fargo & Company 51,400 1,239,768
 
    4,184,617
Consumer Finance - 0.32%    
Capital One Financial Corp. (L) 7,620 301,981
Discover Financial Services 15,600 357,864
Netspend Holdings, Inc. (I) 3,820 19,635
SLM Corp. 5,900 73,455
 
    752,935
Diversified Financial Services - 0.97%    
Bank of America Corp. 14,000 85,680
Citigroup, Inc. 9,490 243,134
IntercontinentalExchange, Inc. (I) 700 82,782
JPMorgan Chase & Company 46,680 1,406,002
Justice Holdings, Ltd. (I) 6,627 97,151
Moody’s Corp. (L) 7,800 237,510
The NASDAQ OMX Group, Inc. (I)(L) 4,800 111,072
 
    2,263,331
Insurance - 1.69%    
ACE, Ltd. 1,100 66,660
Aflac, Inc. 3,000 104,850
American International Group, Inc. (I)(L) 16,500 362,175
Assurant, Inc. 8,500 304,300
Berkshire Hathaway, Inc., Class B (I)(L) 2,410 171,206
Everest Re Group, Ltd. 1,450 115,101
LIG Non-Life Insurance Company, Ltd. 20,900 342,048
Marsh & McLennan Companies, Inc. 6,700 177,818
MetLife, Inc. 3,400 95,234
Principal Financial Group, Inc. (L) 1,200 27,204
Prudential Financial, Inc. 11,640 545,450
Reinsurance Group of America, Inc. 4,100 188,395
Resolution, Ltd. 158,398 607,980
Torchmark Corp. (L) 14,675 511,571

 

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Unum Group (L) 7,890 $ 165,374
White Mountains Insurance Group, Ltd. 460 186,645
 
    3,972,011
Real Estate Investment Trusts - 0.43%    
American Capital Agency Corp. 15,900 430,890
Annaly Capital Management, Inc. (L) 25,710 427,557
Hospitality Properties Trust (L) 6,400 135,872
Mapletree Industrial Trust 18,000 14,884
 
    1,009,203
Real Estate Management & Development - 0.26%    
BR Properties SA 41,200 374,257
Daito Trust Construction Company, Ltd. 2,500 229,237
 
    603,494
 
    14,662,116
Health Care - 6.17%    
Biotechnology - 1.19%    
Alexion Pharmaceuticals, Inc. (I) 3,200 204,992
Alkermes PLC (I) 10,400 158,704
Amgen, Inc. 8,660 475,867
Ardea Biosciences, Inc. (I)(L) 2,400 37,488
Biogen Idec, Inc. (I) 7,060 657,639
Celgene Corp. (I) 1,600 99,072
Exelixis, Inc. (I)(L) 6,850 37,401
Gilead Sciences, Inc. (I) 12,880 499,744
Immunogen, Inc. (I) 4,000 43,840
Incyte Corp. (I)(L) 5,140 71,806
Ironwood Pharmaceuticals, Inc. (I) 6,390 69,012
Onyx Pharmaceuticals, Inc. (I)(L) 2,430 72,924
Seattle Genetics, Inc. (I)(L) 5,750 109,595
Vertex Pharmaceuticals, Inc. (I) 5,500 244,970
 
    2,783,054
Health Care Equipment & Supplies - 0.59%    
Baxter International, Inc. 500 28,070
Gen-Probe, Inc. (I) 3,970 227,283
HeartWare International, Inc. (I) 1,310 84,377
Insulet Corp. (I) 4,170 63,634
Intuitive Surgical, Inc. (I)(L) 1,330 484,492
Medtronic, Inc. 3,100 103,044
NuVasive, Inc. (I)(L) 3,760 64,183
Orthofix International NV (I) 2,160 74,542
Tornier BV (I) 4,820 98,762
Volcano Corp. (I) 3,380 100,149
Zoll Medical Corp. (I) 1,650 62,271
 
    1,390,807
Health Care Providers & Services - 0.89%    
Aetna, Inc. 8,400 305,340
Catalyst Health Solutions, Inc. (I)(L) 2,900 167,301
CIGNA Corp. 2,400 100,656
Humana, Inc. 2,810 204,371
McKesson Corp. 3,400 247,180
UnitedHealth Group, Inc. 18,600 857,832
WellCare Health Plans, Inc. (I) 3,180 120,776
WellPoint, Inc. (L) 1,400 91,392
 
    2,094,848
Health Care Technology - 0.29%    
Allscripts Healthcare Solutions, Inc. (I) 5,000 90,100
Cerner Corp. (I) 5,900 404,268
SXC Health Solutions Corp. (I) 3,140 174,898
 
    669,266

 

69

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Life Sciences Tools & Services - 0.14%    
Parexel International Corp. (I)(L) 5,760 $ 109,037
Pharmaceutical Product Development, Inc. 5,990 153,703
WuXi PharmaTech    
Cayman, Inc., ADR (I)(L) 5,900 68,676
 
    331,416
Pharmaceuticals - 3.07%    
Abbott Laboratories 11,730 599,872
AstraZeneca PLC 4,522 200,219
AstraZeneca PLC, ADR 700 31,052
Bristol-Myers Squibb Company 10,300 323,214
Daiichi Sankyo Company, Ltd. 17,100 356,056
Eisai Company, Ltd. 5,700 229,729
Eli Lilly & Company 42,780 1,581,577
Forest Laboratories, Inc. (I) 7,260 223,535
H. Lundbeck A/S 7,235 137,572
Johnson & Johnson 7,610 484,833
Merck & Company, Inc. 32,710 1,069,944
Pfizer, Inc. 69,755 1,233,268
Salix Pharmaceuticals, Ltd. (I) 3,170 93,832
Shionogi & Company, Ltd. 14,600 216,079
UCB SA 9,871 420,330
 
    7,201,112
    14,470,503
Industrials - 5.21%    
Aerospace & Defense - 1.56%    
BAE Systems PLC 126,830 522,883
DigitalGlobe, Inc. (I) 8,540 165,932
General Dynamics Corp. 7,580 431,226
L-3 Communications Holdings, Inc. 5,560 344,553
Lockheed Martin Corp. (L) 7,500 544,800
Moog, Inc., Class A (I) 3,140 102,427
Northrop Grumman Corp. 9,720 506,995
Qinetiq PLC 225,575 406,586
Raytheon Company (L) 8,540 349,030
Teledyne Technologies, Inc. (I) 1,670 81,596
The Boeing Company (L) 3,300 199,683
 
    3,655,711
Air Freight & Logistics - 0.04%    
United Parcel Service, Inc., Class B 1,300 82,095
Airlines - 0.06%    
Copa Holdings SA, Class A 2,290 140,308
Building Products - 0.24%    
KCC Corp. 808 150,734
Masco Corp. 47,200 336,064
Trex Company, Inc. (I) 4,050 64,922
 
    551,720
Commercial Services & Supplies - 0.33%    
Corrections Corp. of America (I)(L) 10,355 234,955
Interface, Inc., Class A 5,810 68,907
Pitney Bowes, Inc. (L) 10,200 191,760
Sykes Enterprises, Inc. (I) 7,820 116,909
The Geo Group, Inc. (I)(L) 8,680 161,101
 
    773,632
Construction & Engineering - 0.31%    
Fluor Corp. 4,500 209,475
Vinci SA 10,799 463,704
Aecom Technology Corp. (I) 3,190 56,367
 
    729,546

 

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electrical Equipment - 0.19%    
Belden, Inc. (L) 14,100 $ 363,639
Roper Industries, Inc. (L) 1,170 80,625
 
    444,264
Industrial Conglomerates - 0.85%    
3M Company 1,560 111,992
Beijing Enterprises Holdings, Ltd. 75,000 375,297
General Electric Company 60,580 923,239
Nava Bharat Ventures, Ltd. 61,736 236,216
Shanghai Industrial Holdings, Ltd. 128,000 357,264
 
    2,004,008
Machinery - 0.72%    
Caterpillar, Inc. 8,910 657,914
CNH Global NV (I) 2,400 62,976
Cummins, Inc. 2,900 236,814
Eaton Corp. 1,500 53,250
Joy Global, Inc. (L) 2,180 135,988
Meritor, Inc. (I) 9,000 63,540
Navistar International Corp. (I) 980 31,478
Parker Hannifin Corp. 5,170 326,382
United Tractors Tbk PT 54,318 132,353
 
    1,700,695
Professional Services - 0.24%    
Dun & Bradstreet Corp. 2,400 147,024
The Advisory Board Company (I) 4,060 261,992
Towers Watson & Company, Class A 1,400 83,692
Verisk Analytics, Inc., Class A (I) 2,300 79,971
 
    572,679
Road & Rail - 0.37%    
J.B. Hunt Transport Services, Inc. (L) 4,142 149,609
Localiza Rent a Car SA 4,680 61,977
Norfolk Southern Corp. (L) 9,400 573,588
Old Dominion Freight Line, Inc. (I) 3,190 92,414
 
    877,588
Trading Companies & Distributors - 0.26%    
Beacon Roofing Supply, Inc. (I)(L) 3,690 59,003
ITOCHU Corp. 18,900 180,516
Mitsui & Company, Ltd. 16,800 243,164
United Rentals, Inc. (I)(L) 7,180 120,911
 
    603,594
Transportation Infrastructure - 0.04%    
CCR SA 3,900 101,532
 
    12,237,372
Information Technology - 9.60%    
Communications Equipment - 1.33%    
Acme Packet, Inc. (I) 3,955 168,443
Aruba Networks, Inc. (I)(L) 7,770 162,471
Cisco Systems, Inc. 21,550 333,810
Comverse Technology, Inc. (I) 213,200 1,498,796
F5 Networks, Inc. (I)(L) 1,900 134,995
Finisar Corp. (I) 4,050 71,037
Ixia (I)(L) 7,590 58,215
Motorola Solutions, Inc. 13,800 578,220
Polycom, Inc. (I) 5,290 97,177
Riverbed Technology, Inc. (I) 900 17,964
 
    3,121,128
Computers & Peripherals - 1.53%    
Apple, Inc. (I) 8,440 3,217,159
Dell, Inc. (I) 16,900 239,135
Lexmark International, Inc., Class A (I)(L) 2,700 72,981

 

70

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Computers & Peripherals (continued)    
Western Digital Corp. (I) 2,800 $ 72,016
 
    3,601,291
Electronic Equipment, Instruments & Components - 0.26%  
FUJIFILM Holdings Corp. 16,800 389,934
Jabil Circuit, Inc. 9,540 169,717
Universal Display Corp. (I) 880 42,187
 
    601,838
Internet Software & Services - 1.48%    
Ancestry.com, Inc. (I) 600 14,100
Dena Company, Ltd. 7,700 322,131
Dice Holdings, Inc. (I) 7,600 59,432
eBay, Inc. (I) 21,430 631,971
Google, Inc., Class A (I) 1,060 545,243
Gree, Inc. 10,000 299,992
IAC/InterActiveCorp (I) 4,740 187,467
Liquidity Services, Inc. (I) 2,300 73,761
LivePerson, Inc. (I) 8,290 82,486
Netease.com, Inc., ADR (I)(L) 12,100 461,736
Rackspace Hosting, Inc. (I)(L) 5,700 194,598
Sohu.com, Inc. (I)(L) 8,400 404,880
Yahoo! Japan Corp. 644 200,078
 
    3,477,875
IT Services - 1.40%    
Accenture PLC, Class A 2,000 105,360
Amdocs, Ltd. (I) 13,600 368,832
Forrester Research, Inc. 4,000 130,040
International Business Machines Corp. (L) 5,020 878,651
MasterCard, Inc., Class A 2,080 659,693
Sapient Corp. (L) 16,900 171,366
Syntel, Inc. 2,660 114,885
The Western Union Company 55,900 854,711
 
    3,283,538
Semiconductors & Semiconductor Equipment - 1.19%  
Applied Micro Circuits Corp. (I) 12,530 67,286
Cavium Inc. (I) 2,610 70,496
Cypress Semiconductor Corp. (I) 4,170 62,425
Intel Corp. 54,500 1,162,485
Lattice Semiconductor Corp. (I) 9,000 47,250
LSI Corp. (I) 26,400 136,752
Maxim Integrated Products, Inc. (L) 15,200 354,616
Mindspeed Technologies, Inc. (I) 8,350 43,420
NVIDIA Corp. (I) 7,100 88,750
Samsung Electronics Company, Ltd. 603 422,409
Skyworks Solutions, Inc. (I)(L) 8,550 153,387
Teradyne, Inc. (I) 7,200 79,272
Wolfson Microelectronics PLC (I) 54,806 114,729
 
    2,803,277
Software - 2.41%    
Activision Blizzard, Inc. (L) 48,000 571,200
Ariba, Inc. (I)(L) 4,150 114,997
Autodesk, Inc. (I) 1,800 50,004
BroadSoft, Inc. (I)(L) 4,130 125,346
CA, Inc. 14,500 281,445
Cadence Design Systems, Inc. (I)(L) 23,670 218,711
Concur Technologies, Inc. (I)(L) 2,480 92,306
Electronic Arts, Inc. (I) 29,900 611,455
Microsoft Corp. 58,100 1,446,109
MicroStrategy, Inc., Class A (I)(L) 1,045 119,203
Nintendo Company, Ltd. 2,580 375,798
Oracle Corp. 32,730 940,660
QLIK Technologies, Inc. (I) 3,200 69,312

 

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
RealPage, Inc. (I) 1,900 $ 38,855
Shanda Interactive    
Entertainment, Ltd., ADR (I)(L) 11,000 324,940
Symantec Corp. (I) 14,000 228,200
VMware, Inc., Class A (I) 500 40,190
 
    5,648,731
 
    22,537,678
Materials - 2.25%    
Chemicals - 0.66%    
CF Industries Holdings, Inc. 670 82,671
Eastman Chemical Company 4,800 328,944
Huabao International Holdings, Ltd. 805,000 656,212
Methanex Corp. 4,550 94,822
Monsanto Company 1,200 72,048
PPG Industries, Inc. 3,650 257,909
The Mosaic Company 1,200 58,764
 
    1,551,370
Construction Materials - 0.50%    
Anhui Conch Cement Company, Ltd. 41,000 111,477
CRH PLC (London Exchange) 41,882 653,542
HeidelbergCement AG 10,950 395,752
 
    1,160,771
Metals & Mining - 1.03%    
Aston Resources, Ltd. (I) 10,304 98,276
Barrick Gold Corp. 3,100 144,615
BHP Billiton, Ltd., ADR (L) 2,500 166,100
Detour Gold Corp. (I) 13,520 352,224
Freeport-McMoRan Copper & Gold, Inc. 14,110 429,650
Fresnillo PLC 6,559 161,397
Kinross Gold Corp. 20,800 307,424
New Gold, Inc. (I) 10,100 103,525
Newmont Mining Corp. 500 31,450
Worthington Industries, Inc. 22,000 307,340
Xingda International Holdings, Ltd. 639,000 304,367
 
    2,406,368
Paper & Forest Products - 0.06%    
Domtar Corp. (L) 1,000 68,170
International Paper Company 3,600 83,700
 
    151,870
 
    5,270,379
Telecommunication Services - 1.37%    
Diversified Telecommunication Services - 1.35%    
AT&T, Inc. (L) 40,060 1,142,511
Deutsche Telekom AG 32,935 387,423
KT Corp. 11,371 339,516
Verizon Communications, Inc. 35,030 1,289,104
 
    3,158,554
Wireless Telecommunication Services - 0.02%    
Sprint Nextel Corp. (I)(L) 18,200 55,328
 
    3,213,882
Utilities - 1.87%    
Electric Utilities - 0.59%    
American Electric Power Company, Inc. 5,350 203,407
Entergy Corp. 9,370 621,137
Exelon Corp. (L) 2,200 93,742
Southern Company 11,000 466,070
 
    1,384,356

 

71

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Gas Utilities - 0.11%      
Snam Rete Gas SpA   56,652 $ 261,513
Multi-Utilities - 1.00%      
Alliant Energy Corp.   7,900 305,572
Ameren Corp.   18,900 562,653
Consolidated Edison, Inc. (L)   8,600 490,372
Dominion Resources, Inc.   7,300 370,621
OGE Energy Corp.   3,800 181,602
Public Service Enterprise Group, Inc.   10,100 337,037
Xcel Energy, Inc. (L)   4,300 106,167
 
      2,354,024
Water Utilities - 0.17%      
Cia de Saneamento de Minas Gerais   24,400 386,066
 
      4,385,959
TOTAL COMMON STOCKS (Cost $123,435,108) $ 113,042,663
 
PREFERRED SECURITIES - 0.07%      
Consumer Staples - 0.07%      
Companhia de Bebidas das Americas, ADR $ 5,000 $ 153,250
TOTAL PREFERRED SECURITIES (Cost $171,540) $ 153,250
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 13.58%      
U.S. Government - 5.10%      
U.S. Treasury Bonds      
3.875%, 08/15/2040 $ 475,000 $ 566,067
4.250%, 05/15/2039 (F)   950,000 1,199,227
4.375%, 02/15/2038 (F)   175,000 224,219
4.625%, 02/15/2040   500,000 670,078
4.750%, 02/15/2041   600,000 822,656
6.250%, 08/15/2023 (F)   100,000 142,813
U.S. Treasury Notes      
0.625%, 07/15/2014   1,025,000 1,031,724
0.750%, 12/15/2013   1,850,000 1,867,923
2.375%, 07/31/2017   575,000 614,531
3.125%, 08/31/2013   3,075,000 3,241,484
3.625%, 02/15/2021 (L)   1,375,000 1,590,703
 
      11,971,425
U.S. Government Agency - 8.48%      
Federal Home Loan Mortgage Corp.      
4.500%, 10/01/2038   109,730 116,462
5.125%, 10/18/2016   400,000 474,119
5.250%, 04/18/2016   300,000 354,368
Federal National Mortgage Association      
3.500%, TBA   1,000,000 1,027,688
4.000%, TBA   10,700,000 11,218,246
4.500%, TBA   200,000 212,206
4.520%, 04/01/2020   294,850 329,644
4.680%, 02/01/2020   294,811 331,810
4.875%, 12/15/2016   200,000 235,146
5.500%, TBA   1,800,000 1,953,685
Government National      
Mortgage Association      
4.000%, TBA   3,000,000 3,209,053
5.000%, 04/15/2036 to 04/15/2038   382,812 421,020
 
      19,883,447
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $30,537,588)   $ 31,854,872

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 0.41%      
Brazil - 0.29%      
Federative Republic of Brazil      
5.875%, 01/15/2019 $ 335,000 $ 384,413
Federative Republic of Brazil, Series F      
10.000%, 01/01/2012 BRL 550,000 298,628
 
      683,041
Mexico - 0.07%      
Government of Mexico      
5.625%, 01/15/2017 $ 140,000 155,960
Qatar - 0.05%      
Government of Qatar      
4.000%, 01/20/2015 (S)   120,000 126,300
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $947,108)   $ 965,301
 
CORPORATE BONDS - 13.46%      
Consumer Discretionary - 1.61%      
AutoZone, Inc.      
4.000%, 11/15/2020   135,000 135,399
British Sky Broadcasting Group PLC      
5.625%, 10/15/2015 (S)   40,000 44,142
CBS Corp.      
5.750%, 04/15/2020   90,000 99,172
8.200%, 05/15/2014   95,000 109,247
Comcast Cable Communications LLC      
8.500%, 05/01/2027   50,000 65,979
Comcast Corp.      
6.450%, 03/15/2037   275,000 317,113
COX Communications, Inc.      
5.450%, 12/15/2014   80,000 88,623
6.250%, 06/01/2018 (S)   35,000 41,331
8.375%, 03/01/2039 (S)   180,000 248,518
CSC Holdings, Inc.      
7.625%, 07/15/2018   65,000 67,925
Daimler Finance North America LLC      
7.300%, 01/15/2012   210,000 213,637
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
3.500%, 03/01/2016   115,000 118,732
4.750%, 10/01/2014   70,000 75,872
DISH DBS Corp.      
6.750%, 06/01/2021 (S)   10,000 9,550
Ford Motor Company      
7.450%, 07/16/2031   65,000 73,521
Historic TW, Inc.      
6.625%, 05/15/2029   100,000 115,017
Liberty Media LLC      
8.250%, 02/01/2030   15,000 14,213
Limited Brands, Inc.      
7.000%, 05/01/2020   10,000 10,500
Macy’s Retail Holdings, Inc.      
5.900%, 12/01/2016   60,000 65,896
6.900%, 04/01/2029   50,000 56,218
NBCUniversal Media LLC      
5.150%, 04/30/2020   200,000 219,608
NetFlix, Inc.      
8.500%, 11/15/2017   15,000 16,238
News America, Inc.      
7.280%, 06/30/2028   140,000 163,273
7.850%, 03/01/2039   75,000 92,927
Princeton University      
5.700%, 03/01/2039   40,000 52,952

 

72

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
PVH Corp.      
7.375%, 05/15/2020 $ 20,000 $ 20,850
QVC, Inc.      
7.500%, 10/01/2019 (S)   20,000 21,300
Staples, Inc.      
9.750%, 01/15/2014   170,000 197,104
Tenneco, Inc.      
8.125%, 11/15/2015   20,000 20,400
The Interpublic Group of Companies, Inc.      
10.000%, 07/15/2017   35,000 39,813
Time Warner Cable, Inc.      
4.000%, 09/01/2021   60,000 58,768
5.000%, 02/01/2020   90,000 95,729
5.850%, 05/01/2017   75,000 83,397
6.750%, 07/01/2018   100,000 116,488
8.250%, 02/14/2014   50,000 56,848
Time Warner, Inc.      
5.875%, 11/15/2016   15,000 16,966
6.250%, 03/29/2041   100,000 114,385
7.625%, 04/15/2031   200,000 250,149
Videotron Ltee      
9.125%, 04/15/2018   135,000 147,150
Wynn Las Vegas LLC/Wynn Las Vegas      
Capital Corp.      
7.750%, 08/15/2020   15,000 15,750
 
      3,770,700
Consumer Staples - 1.30%      
Altria Group, Inc.      
4.750%, 05/05/2021   70,000 72,512
9.700%, 11/10/2018   240,000 318,375
10.200%, 02/06/2039   25,000 36,312
Bottling Group LLC      
5.125%, 01/15/2019   45,000 52,621
Cargill, Inc.      
4.307%, 05/14/2021 (S)   160,000 173,733
Cia de Bebidas das Americas      
8.750%, 09/15/2013   145,000 163,850
Coca-Cola Enterprises, Inc.      
2.125%, 09/15/2015   170,000 171,040
Coca-Cola Refreshments USA, Inc.      
7.375%, 03/03/2014   1,000 1,143
Constellation Brands, Inc.      
7.250%, 05/15/2017   15,000 15,750
CVS Caremark Corp.      
6.125%, 08/15/2016   110,000 127,306
6.250%, 06/01/2027   65,000 79,312
CVS Caremark Corp. (6.302% to      
06/01/2012, then 3 month      
LIBOR + 2.065%)      
06/01/2037   80,000 77,400
Dr Pepper Snapple Group, Inc.      
2.350%, 12/21/2012   45,000 45,682
General Mills, Inc.      
5.250%, 08/15/2013   160,000 172,543
Lorillard Tobacco Company      
3.500%, 08/04/2016   11,000 11,022
6.875%, 05/01/2020   50,000 55,516
8.125%, 06/23/2019   36,000 42,221
PepsiCo, Inc.      
7.900%, 11/01/2018   114,000 151,851
Pernod-Ricard SA      
5.750%, 04/07/2021 (S)   200,000 219,519
Reynolds American, Inc.      
7.250%, 06/01/2013   45,000 49,099

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Smithfield Foods, Inc.      
10.000%, 07/15/2014 $ 20,000 $ 22,700
The Coca-Cola Company      
1.800%, 09/01/2016 (S)   144,000 144,518
The Kroger Company      
6.200%, 06/15/2012   50,000 51,707
6.750%, 04/15/2012   160,000 164,954
Wal-Mart Stores, Inc.      
6.200%, 04/15/2038   325,000 420,179
WM Wrigley Jr. Company      
3.700%, 06/30/2014 (S)   200,000 206,829
 
      3,047,694
Energy - 1.09%      
Anadarko Petroleum Corp.      
6.450%, 09/15/2036   190,000 201,439
BP Capital Markets PLC      
3.125%, 10/01/2015   250,000 258,465
4.742%, 03/11/2021   75,000 82,434
4.750%, 03/10/2019   20,000 22,120
Burlington Resources Finance Company      
7.400%, 12/01/2031   25,000 35,155
Chesapeake Energy Corp.      
6.875%, 11/15/2020   20,000 20,900
ConocoPhillips      
4.600%, 01/15/2015   85,000 93,158
5.900%, 05/15/2038   245,000 302,190
Consol Energy Inc.      
8.000%, 04/01/2017   5,000 5,225
8.250%, 04/01/2020   10,000 10,525
El Paso Corp.      
7.000%, 06/15/2017   60,000 67,271
Energy Transfer Equity LP      
7.500%, 10/15/2020   10,000 10,275
Harvest Operations Corp.      
6.875%, 10/01/2017 (S)   10,000 10,000
Kinder Morgan Energy Partners LP      
5.800%, 03/01/2021   200,000 223,507
6.850%, 02/15/2020   100,000 118,214
Kinder Morgan Finance Company LLC      
6.000%, 01/15/2018 (S)   10,000 9,900
Newfield Exploration Company      
5.750%, 01/30/2022   10,000 9,888
7.125%, 05/15/2018   10,000 10,350
Nexen, Inc.      
6.200%, 07/30/2019   100,000 114,215
7.500%, 07/30/2039   20,000 23,478
NGPL PipeCo LLC      
6.514%, 12/15/2012 (S)   200,000 208,179
Peabody Energy Corp.      
6.500%, 09/15/2020   41,000 43,101
Petrobras International Finance Company      
5.375%, 01/27/2021   275,000 278,025
Pioneer Natural Resources Company      
6.650%, 03/15/2017   25,000 26,781
Plains All American Pipeline LP/PAA      
Finance Corp.      
5.750%, 01/15/2020   70,000 76,446
Range Resources Corp.      
5.750%, 06/01/2021   5,000 5,188
6.750%, 08/01/2020   5,000 5,325
7.500%, 10/01/2017   10,000 10,600
Statoil ASA      
3.125%, 08/17/2017   100,000 106,009

 

73

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Transocean, Inc.      
4.950%, 11/15/2015 $ 150,000 $ 158,062
      2,546,425
Financials - 5.78%      
ACE INA Holdings, Inc.      
5.700%, 02/15/2017   75,000 83,998
Allied World Assurance Company, Ltd.      
7.500%, 08/01/2016   30,000 34,092
AMB Property LP      
6.125%, 12/01/2016   155,000 160,105
American Express Centurion Bank      
6.000%, 09/13/2017   250,000 280,782
American Express Credit Corp.      
7.300%, 08/20/2013   100,000 109,473
American International Group, Inc.      
4.875%, 09/15/2016   125,000 119,915
5.450%, 05/18/2017   100,000 95,826
Bank of America Corp.      
3.625%, 03/17/2016   110,000 100,194
5.625%, 07/01/2020   165,000 152,169
5.650%, 05/01/2018   265,000 251,883
5.750%, 12/01/2017   210,000 197,100
5.875%, 01/05/2021   100,000 93,589
Barclays Bank PLC      
6.050%, 12/04/2017 (S)   100,000 91,858
Brandywine Operating Partnership LP      
4.950%, 04/15/2018   75,000 72,530
7.500%, 05/15/2015   125,000 135,486
Capital One Financial Corp.      
6.150%, 09/01/2016   225,000 238,497
7.375%, 05/23/2014   45,000 50,284
CIT Group, Inc.      
7.000%, 05/04/2015 (S)   30,000 29,775
Citigroup, Inc.      
5.000%, 09/15/2014   70,000 68,683
5.500%, 08/27/2012   100,000 102,616
6.125%, 11/21/2017 to 05/15/2018   315,000 337,788
6.500%, 08/19/2013   245,000 257,840
6.875%, 03/05/2038   25,000 27,205
Credit Agricole SA/London      
3.500%, 04/13/2015 (S)   180,000 168,980
Credit Suisse AG      
6.000%, 02/15/2018   355,000 360,605
Discover Financial Services      
6.450%, 06/12/2017   140,000 145,830
DuPont Fabros Technology LP      
8.500%, 12/15/2017   25,000 25,875
Equity One, Inc.      
6.000%, 09/15/2017   80,000 81,261
ERAC USA Finance LLC      
6.375%, 10/15/2017 (S)   235,000 272,631
ERP Operating LP      
5.250%, 09/15/2014   125,000 134,838
Federal Realty Investment Trust      
5.650%, 06/01/2016   20,000 21,811
Fifth Third Bancorp      
3.625%, 01/25/2016   120,000 122,066
General Electric Capital Corp.      
2.800%, 01/08/2013   300,000 305,187
3.750%, 11/14/2014   150,000 156,661
5.300%, 02/11/2021   145,000 150,634
5.625%, 05/01/2018   75,000 82,075
5.875%, 01/14/2038   25,000 25,686
6.750%, 03/15/2032   90,000 102,957

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Harley-Davidson Funding Corp.      
5.750%, 12/15/2014 (S) $ 65,000 $ 70,917
Hartford Financial Services Group, Inc.,      
(8.125% to 06/15/2018, then 3 month      
LIBOR + 4.6025%)      
06/15/2038   15,000 14,100
HCP, Inc.      
3.750%, 02/01/2016   15,000 14,833
5.650%, 12/15/2013   185,000 194,329
6.000%, 01/30/2017   35,000 36,876
Health Care REIT, Inc.      
5.250%, 01/15/2022   166,000 157,647
Host Hotels & Resorts LP      
6.375%, 03/15/2015   15,000 14,925
6.750%, 06/01/2016   25,000 25,000
HSBC Holdings PLC      
1.078%, 10/06/2016 (P)   150,000 149,998
5.100%, 04/05/2021   275,000 283,585
International Lease Finance Corp.      
5.650%, 06/01/2014   30,000 27,825
6.375%, 03/25/2013   38,000 36,955
JPMorgan Chase & Company      
3.700%, 01/20/2015   100,000 102,513
6.000%, 01/15/2018   295,000 328,851
6.125%, 06/27/2017   100,000 109,420
6.400%, 05/15/2038   250,000 285,762
Kemper Corp.      
6.000%, 05/15/2017   10,000 10,319
Kimco Realty Corp.      
6.875%, 10/01/2019   120,000 137,139
Lazard Group LLC      
6.850%, 06/15/2017   200,000 220,377
Liberty Mutual Group, Inc.      
5.000%, 06/01/2021 (S)   35,000 33,299
5.750%, 03/15/2014 (S)   250,000 260,483
Lloyds TSB Bank PLC      
4.375%, 01/12/2015 (S)   125,000 122,356
Massachusetts Mutual Life Insurance      
Company      
8.875%, 06/01/2039 (S)   100,000 150,931
Merrill Lynch & Company, Inc.      
6.220%, 09/15/2026   100,000 84,719
6.400%, 08/28/2017   55,000 53,364
6.875%, 04/25/2018   165,000 165,223
MetLife, Inc.      
5.000%, 06/15/2015   150,000 164,412
Metropolitan Life Global Funding I      
3.125%, 01/11/2016 (S)   325,000 335,255
5.125%, 04/10/2013 (S)   25,000 26,243
Morgan Stanley      
4.200%, 11/20/2014   100,000 97,843
6.000%, 04/28/2015   100,000 99,575
6.625%, 04/01/2018   400,000 397,217
Nationwide Mutual Insurance Company      
9.375%, 08/15/2039 (S)   150,000 175,089
Nomura Holdings, Inc.      
5.000%, 03/04/2015   80,000 83,872
Nordea Bank AB      
4.875%, 05/13/2021 (S)   240,000 205,367
PNC Funding Corp.      
5.625%, 02/01/2017   300,000 325,944
Provident Funding Associates LP/PFG      
Finance Corp.      
10.250%, 04/15/2017 (S)   25,000 24,375

 

74

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Realty Income Corp.      
6.750%, 08/15/2019 $ 130,000 $ 151,433
SLM Corp.      
6.250%, 01/25/2016   215,000 211,147
8.450%, 06/15/2018   10,000 10,412
SunTrust Banks, Inc.      
3.600%, 04/15/2016   140,000 142,029
The Bank of New York Mellon Corp.      
2.500%, 01/15/2016   275,000 280,686
4.300%, 05/15/2014   60,000 64,763
The Bear Stearns Companies LLC      
6.400%, 10/02/2017   115,000 130,670
The Goldman Sachs Group, Inc.      
3.625%, 02/07/2016   245,000 238,668
5.250%, 07/27/2021   80,000 79,035
5.375%, 03/15/2020   30,000 29,830
6.150%, 04/01/2018   145,000 150,412
6.250%, 09/01/2017   85,000 88,594
6.750%, 10/01/2037   155,000 142,081
7.500%, 02/15/2019   110,000 122,885
The Royal Bank of Scotland PLC      
4.875%, 08/25/2014 (S)   160,000 161,161
UDR, Inc.      
6.050%, 06/01/2013   60,000 63,029
Unum Group      
7.125%, 09/30/2016   45,000 51,886
Ventas Realty LP/Ventas Capital Corp.      
4.750%, 06/01/2021   115,000 110,603
W.R. Berkley Corp.      
5.600%, 05/15/2015   100,000 101,089
Wachovia Corp.      
5.750%, 06/15/2017   155,000 174,619
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
7.500%, 06/02/2014 (S)   100,000 111,595
Wells Fargo & Company      
3.676%, 06/15/2016   325,000 338,422
4.950%, 10/16/2013   240,000 253,683
Weyerhaeuser Company      
7.375%, 10/01/2019   75,000 82,926
 
      13,567,381
Health Care - 0.73%      
AmerisourceBergen Corp.      
5.875%, 09/15/2015   75,000 85,562
Amgen, Inc.      
3.450%, 10/01/2020   100,000 103,211
6.900%, 06/01/2038   100,000 136,806
Express Scripts, Inc.      
3.125%, 05/15/2016   140,000 141,450
6.250%, 06/15/2014   60,000 66,069
Fresenius US Finance II, Inc.      
9.000%, 07/15/2015 (S)   15,000 16,575
HCA, Inc.      
7.250%, 09/15/2020   5,000 5,050
8.500%, 04/15/2019   55,000 58,300
McKesson Corp.      
7.500%, 02/15/2019   5,000 6,499
Medco Health Solutions, Inc.      
7.125%, 03/15/2018   60,000 72,801
Merck & Company, Inc.      
3.875%, 01/15/2021   150,000 163,359
4.000%, 06/30/2015   125,000 137,541
Pfizer, Inc.      
6.200%, 03/15/2019   170,000 213,283

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Health Care (continued)      
Pfizer, Inc. (continued)      
7.200%, 03/15/2039 $ 50,000 $ 73,207
Roche Holdings, Inc.      
6.000%, 03/01/2019 (S)   150,000 183,482
St Jude Medical, Inc.      
2.500%, 01/15/2016   95,000 97,594
Tenet Healthcare Corp.      
8.875%, 07/01/2019   40,000 42,300
Thermo Fisher Scientific, Inc.      
3.200%, 05/01/2015   40,000 42,237
WellPoint, Inc.      
4.350%, 08/15/2020   35,000 37,087
7.000%, 02/15/2019   30,000 37,070
 
      1,719,483
Industrials - 0.35%      
Bombardier, Inc.      
7.750%, 03/15/2020 (S)   25,000 26,625
Case New Holland, Inc.      
7.875%, 12/01/2017   5,000 5,325
CNH America LLC      
7.250%, 01/15/2016   15,000 15,525
Continental Airlines 1997-4 Class A Pass      
Through Trust      
6.900%, 01/02/2018   41,934 42,772
Continental Airlines 1998-1 Class A Pass      
Through Trust      
6.648%, 09/15/2017   45,735 45,735
Crown Americas LLC/Crown Americas      
Capital Corp. II      
7.625%, 05/15/2017   35,000 37,013
Deluxe Corp.      
7.375%, 06/01/2015   15,000 14,850
Esterline Technologies Corp.      
7.000%, 08/01/2020   5,000 5,138
GATX Corp.      
4.750%, 05/15/2015   65,000 68,902
General Electric Company      
5.250%, 12/06/2017   205,000 227,950
International Lease Finance Corp.      
6.750%, 09/01/2016 (S)   5,000 5,013
7.125%, 09/01/2018 (S)   135,000 135,506
Masco Corp.      
6.500%, 08/15/2032   15,000 13,311
Navios Maritime Holdings, Inc./Navios      
Maritime Finance US, Inc.      
8.875%, 11/01/2017   15,000 14,625
Navistar International Corp.      
8.250%, 11/01/2021   15,000 15,394
Textron, Inc.      
7.250%, 10/01/2019   60,000 67,295
U.S. Airways 2010-1 Class A Pass      
Through Trust      
6.250%, 04/22/2023   15,000 13,500
Waste Management, Inc.      
6.375%, 03/11/2015   60,000 68,887
 
      823,366
Information Technology - 0.32%      
Audatex North America, Inc.      
6.750%, 06/15/2018 (S)   10,000 9,925
Avnet, Inc.      
6.625%, 09/15/2016   75,000 83,456
eAccess, Ltd.      
8.250%, 04/01/2018 (S)   5,000 4,575

 

75

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Information Technology (continued)      
Equinix, Inc.      
8.125%, 03/01/2018 $ 20,000 $ 21,050
Hewlett-Packard Company      
3.000%, 09/15/2016   350,000 353,161
International Business Machines Corp.      
1.950%, 07/22/2016   140,000 141,327
5.700%, 09/14/2017   100,000 119,067
Jabil Circuit, Inc.      
5.625%, 12/15/2020   5,000 4,875
Mantech International Corp.      
7.250%, 04/15/2018   10,000 9,900
Seagate HDD Cayman      
7.000%, 11/01/2021 (S)   5,000 4,600
 
      751,936
Materials - 0.38%      
Agrium, Inc.      
7.125%, 05/23/2036   85,000 112,887
ArcelorMittal      
5.500%, 03/01/2021   125,000 112,157
6.125%, 06/01/2018   75,000 72,477
Ball Corp.      
6.750%, 09/15/2020   30,000 31,050
7.125%, 09/01/2016   5,000 5,250
CF Industries, Inc.      
7.125%, 05/01/2020   15,000 17,081
Clearwater Paper Corp.      
7.125%, 11/01/2018   5,000 4,963
Georgia-Pacific LLC      
5.400%, 11/01/2020 (S)   5,000 5,093
7.125%, 01/15/2017 (S)   30,000 31,458
Nalco Company      
6.625%, 01/15/2019 (S)   15,000 16,425
Owens-Brockway Glass Container, Inc.      
7.375%, 05/15/2016   30,000 31,200
Rio Tinto Finance USA, Ltd.      
1.875%, 11/02/2015   45,000 45,074
6.500%, 07/15/2018   125,000 150,148
Rock-Tenn Company      
9.250%, 03/15/2016   15,000 15,975
The Dow Chemical Company      
5.900%, 02/15/2015   150,000 165,659
Vale Canada, Ltd.      
5.700%, 10/15/2015   60,000 66,381
 
      883,278
Telecommunication Services - 0.76%      
AT&T, Inc.      
5.500%, 02/01/2018   50,000 57,774
6.300%, 01/15/2038   400,000 459,338
Cricket Communications, Inc.      
7.750%, 05/15/2016   25,000 25,094
Deutsche Telekom International      
Finance BV      
8.750%, 06/15/2030   100,000 133,632
Frontier Communications Corp.      
7.125%, 03/15/2019   45,000 42,863
8.250%, 04/15/2017   10,000 9,700
Qwest Communications International, Inc.      
7.125%, 04/01/2018   20,000 19,600
8.000%, 10/01/2015   20,000 20,800
Qwest Corp.      
8.375%, 05/01/2016   55,000 60,363
SBA Telecommunications, Inc.      
8.250%, 08/15/2019   15,000 15,750

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
Sprint Capital Corp.      
6.900%, 05/01/2019 $ 10,000 $ 8,600
Telecom Italia Capital SA      
5.250%, 11/15/2013   150,000 146,639
6.000%, 09/30/2034   25,000 20,494
Telefonica Emisiones SAU      
5.134%, 04/27/2020   75,000 69,941
Verizon Communications, Inc.      
5.550%, 02/15/2016   50,000 57,077
8.750%, 11/01/2018   285,000 382,057
8.950%, 03/01/2039   25,000 38,703
Verizon Wireless Capital LLC      
5.550%, 02/01/2014   165,000 180,580
Windstream Corp.      
7.875%, 11/01/2017   20,000 20,250
8.125%, 09/01/2018   20,000 20,150
 
      1,789,405
Utilities - 1.14%      
Atmos Energy Corp.      
6.350%, 06/15/2017   30,000 35,772
Carolina Power & Light Company      
3.000%, 09/15/2021   165,000 166,429
5.300%, 01/15/2019   55,000 64,950
6.500%, 07/15/2012   40,000 41,764
CenterPoint Energy Houston Electric LLC,      
Series U      
7.000%, 03/01/2014   45,000 50,709
CenterPoint Energy Resources Corp.      
6.125%, 11/01/2017   20,000 23,345
CenterPoint Energy, Inc.      
6.500%, 05/01/2018   70,000 82,416
Commonwealth Edison Company      
4.000%, 08/01/2020   20,000 21,128
5.950%, 08/15/2016   150,000 173,671
Dominion Resources, Inc.      
6.400%, 06/15/2018   70,000 84,292
7.000%, 06/15/2038   65,000 86,603
Duke Energy Corp.      
5.650%, 06/15/2013   160,000 170,791
Edison International      
3.750%, 09/15/2017   85,000 86,208
Ferrellgas LP/Ferrellgas Finance Corp.      
6.500%, 05/01/2021   5,000 4,250
FirstEnergy Corp.      
7.375%, 11/15/2031   100,000 123,588
Georgia Power Company      
5.250%, 12/15/2015   100,000 113,732
Ipalco Enterprises, Inc.      
7.250%, 04/01/2016 (S)   5,000 5,138
MidAmerican Energy Company      
5.125%, 01/15/2013   100,000 105,423
Nevada Power Company      
6.500%, 08/01/2018   70,000 84,487
NiSource Finance Corp.      
6.400%, 03/15/2018   75,000 87,407
Northern States Power Company      
6.250%, 06/01/2036   35,000 46,723
NRG Energy, Inc.      
7.375%, 01/15/2017   15,000 15,469
Oncor Electric Delivery Company LLC      
7.500%, 09/01/2038   70,000 99,998
Puget Sound Energy, Inc.      
5.757%, 10/01/2039   140,000 169,582

 

76

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Sempra Energy      
6.000%, 10/15/2039 $ 75,000 $ 91,011
6.500%, 06/01/2016   115,000 134,635
Sierra Pacific Power Company, Series M      
6.000%, 05/15/2016   70,000 80,497
Southern California Edison Company      
6.000%, 01/15/2034   120,000 154,702
The AES Corp.      
8.000%, 06/01/2020   45,000 45,000
Wisconsin Energy Corp.      
6.200%, 04/01/2033   15,000 18,771
Wisconsin Power and Light Company      
5.000%, 07/15/2019   125,000 144,483
Xcel Energy, Inc.      
4.700%, 05/15/2020   65,000 72,758
 
      2,685,732
TOTAL CORPORATE BONDS (Cost $29,723,369) $ 31,585,400
 
CAPITAL PREFERRED SECURITIES - 0.06%    
Financials - 0.06%      
ACE Capital Trust II      
9.700%, 04/01/2030 $ 75,000 $ 95,525
NB Capital Trust IV      
8.250%, 04/15/2027   55,000 51,013
 
      146,538
TOTAL CAPITAL PREFERRED SECURITIES (Cost $140,104) $ 146,538
 
MUNICIPAL BONDS - 1.17%      
California - 0.44%      
Bay Area Toll Authority      
6.263%, 04/01/2049   150,000 193,868
Irvine Ranch Water District Joint Powers      
Agency      
2.605%, 03/15/2014   130,000 135,481
Los Angeles Unified School District      
5.750%, 07/01/2034   150,000 169,923
State of California      
7.300%, 10/01/2039   175,000 210,852
7.550%, 04/01/2039   150,000 185,624
7.600%, 11/01/2040   30,000 37,493
University of California      
5.770%, 05/15/2043   85,000 98,493
 
      1,031,734
Illinois - 0.31%      
City of Chicago Illinois      
6.845%, 01/01/2038   155,000 174,687
Illinois State Toll Highway Authority      
6.184%, 01/01/2034   95,000 111,265
State of Illinois      
5.665%, 03/01/2018   265,000 282,355
5.877%, 03/01/2019   155,000 165,709
 
      734,016
Maryland - 0.02%      
Maryland State Transportation Authority      
5.888%, 07/01/2043   40,000 49,568
Massachusetts - 0.06%      
Massachusetts School Building Authority      
5.715%, 08/15/2039   120,000 149,004
Missouri - 0.06%      
University of Missouri      
5.960%, 11/01/2039   110,000 138,971

 

Core Allocation Plus Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
MUNICIPAL BONDS (continued)      
New Jersey - 0.06%      
New Jersey State Turnpike Authority      
7.414%, 01/01/2040 $ 100,000 $ 142,192
New York - 0.13%      
New York State Thruway Authority      
5.883%, 04/01/2030   185,000 238,471
Port Authority of New York & New Jersey      
6.040%, 12/01/2029   45,000 54,800
 
      293,271
Texas - 0.09%      
North Texas Tollway Authority      
6.718%, 01/01/2049   155,000 197,878
TOTAL MUNICIPAL BONDS (Cost $2,317,756) $ 2,736,634
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 1.01%      
Commercial & Residential - 1.01%      
American Tower Trust, Series 2007-1A,      
Class AFX 5.420%, 04/15/2037 (S)   50,000 53,413
Bear Stearns Commercial      
Mortgage Securities      
Series 2006-PW 14, Class A4,      
5.201%, 12/11/2038   215,000 232,571
Series 2006-PW3, Class A4,      
5.540%, 09/11/2041   245,000 269,043
Series 2006-PW11, Class A4,      
5.620%, 03/11/2039 (P)   225,000 245,549
Series 2006-PW12, Class A4,      
5.903%, 09/11/2038 (P)   255,000 280,135
Commercial Mortgage Pass Through      
Certificates, Series 2010-C1, Class A3      
4.205%, 07/10/2046 (S)   135,000 136,744
Credit Suisse Mortgage Capital      
Certificates, Series 2006-C1, Class A4      
5.595%, 02/15/2039 (P)   210,000 224,851
Greenwich Capital Commercial      
Funding Corp., Series 2004-GG1,      
Class A7 5.317%, 06/10/2036 (P)   70,000 74,080
JPMorgan Chase Commercial Mortgage      
Securities Corp., Series 2005-LDP4,      
Class A4 4.918%, 10/15/2042 (P)   175,000 188,157
Merrill Lynch Mortgage Trust,      
Series 2006-C1, Class A4      
5.855%, 05/12/2039 (P)   100,000 110,483
Morgan Stanley Capital I, Series 2005-T17,      
Class A5 4.780%, 12/13/2041   300,000 319,245
WF-RBS Commercial Mortgage Trust,      
Series 2011-C2, Series A4      
4.869%, 02/15/2044 (P)(S)   225,000 236,543
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $2,085,187)   $ 2,370,814
 
ASSET BACKED SECURITIES - 0.27%      
Avis Budget Rental Car Funding      
AESOP LLC, Series 2009-2A, Class A      
5.680%, 02/20/2014 (S)   235,000 245,831
CenterPoint Energy Transition      
Bond Company LLC      
Series 2005-A, Class A2,      
4.970%, 08/01/2014   12,030 12,220
Series 2005-A, Class A,      
5.170%, 08/01/2019   28,000 32,386

 

77

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Allocation Plus Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
ASSET BACKED SECURITIES (continued)    
Hertz Vehicle Financing LLC,      
Series 2010-1A, Class A2      
3.740%, 02/25/2017 (S) $ 150,000 $ 154,896
Santander Drive Auto Receivables Trust,      
Series 2011-1, Class B      
2.350%, 11/16/2015   185,000 184,570
TOTAL ASSET BACKED SECURITIES (Cost $609,527) $ 629,903
 
INVESTMENT COMPANIES - 0.09%      
Financials - 0.09%      
SPDR S&P 500 ETF Trust   1,960 $ 221,813
TOTAL INVESTMENT COMPANIES (Cost $222,681)   $ 221,813
 
SECURITIES LENDING COLLATERAL - 8.76%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   2,053,894 20,549,625
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $20,548,539)     $ 20,549,625
 
SHORT-TERM INVESTMENTS - 28.08%    
Repurchase Agreement - 28.08%      
Bank of America Tri-Party Repurchase      
Agreement dated 09/30/2011 at 0.0800%    
to be repurchased at $65,900,439 on      
10/03/2011, collateralized by      
$27,033,282 Federal Home Loan      
Mortgage Corp., 4.500% due 11/01/2039    
(valued at $27,125,290, including      
interest) and $39,996,637 Federal      
National Mortgage Association, 3.091%      
due 01/03/2041 (valued at $40,092,710,      
including interest) $ 65,900,000 $ 65,900,000
TOTAL SHORT-TERM INVESTMENTS (Cost $65,900,000) $ 65,900,000
Total Investments (Core Allocation Plus Trust)    
(Cost $276,638,507) - 115.13%     $ 270,156,813
Other assets and liabilities, net - (15.13%)   (35,508,119)
TOTAL NET ASSETS - 100.00%     $ 234,648,694
 
 
 
Core Balanced Trust      
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.02%      
Affiliated Investment Companies - 100.02%    
Equity - 86.49%      
John Hancock Variable Insurance Trust (G) - 86.49%  
500 Index, Series NAV (John Hancock) (A)(2) 3,471,560 $ 34,056,001
Balanced, Series NAV (T. Rowe Price)   7,490,236 114,525,713
International Index, Series NAV      
(John Hancock) (A)(2)   707,286 10,163,706
Mid Cap Index, Series NAV      
(John Hancock) (A)(2)   220,844 3,299,412
Small Cap Index, Series NAV      
(John Hancock) (A)(2)   287,907 3,299,412

 

Core Balanced Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
INVESTMENT COMPANIES (continued)    
Fixed Income - 13.53%      
John Hancock Variable Insurance Trust (G) - 13.53%  
Total Bond Market A,      
Series NAV (Declaration) (A)   1,772,485 $ 25,860,555
 
      191,204,799
TOTAL INVESTMENT COMPANIES (Cost $193,107,472) $ 191,204,799
Total Investments (Core Balanced Trust)      
(Cost $193,107,472) - 100.02%     $ 191,204,799
Other assets and liabilities, net - (0.02%)     (30,909)
 
TOTAL NET ASSETS - 100.00%     $ 191,173,890
 
 
 
Core Balanced Strategy Trust    
    Shares or  
    Principal  
    Amount Value
 
INVESTMENT COMPANIES - 100.66%      
Affiliated Investment Companies - 100.66%    
Equity - 46.40%      
John Hancock Variable Insurance Trust (G) - 46.40%  
500 Index, Series NAV (John Hancock) (A)(2) 101,945 $ 1,000,083
International Index, Series NAV      
(John Hancock) (A)(2)   29,375 422,122
Mid Cap Index, Series NAV      
(John Hancock) (A)(2)   10,515 157,097
Small Cap Index, Series NAV      
(John Hancock) (A)(2)   5,323 61,003
Fixed Income - 54.26%      
John Hancock Variable Insurance Trust (G) - 54.26%  
Total Bond Market A,      
Series NAV (Declaration) (A)   131,451 1,917,869
 
      3,558,174
TOTAL INVESTMENT COMPANIES (Cost $3,489,612) $ 3,558,174
Total Investments (Core Balanced Strategy Trust)    
(Cost $3,489,612) - 100.66%     $ 3,558,174
Other assets and liabilities, net - (0.66%)     (23,301)
 
TOTAL NET ASSETS - 100.00%     $ 3,534,873
 
 
 
Core Bond Trust      
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 67.63%      
U.S. Government - 18.16%      
U.S. Treasury Bonds      
1.000%, 09/30/2016 $ 52,541,000 $ 52,664,143
3.750%, 08/15/2041   11,770,000 13,756,188
4.250%, 11/15/2040   15,612,000 19,802,854
4.375%, 05/15/2041   12,659,000 16,405,304
4.500%, 02/15/2036   12,738,000 16,541,490
4.750%, 02/15/2041   1,329,000 1,822,184
8.000%, 11/15/2021   3,306,000 5,171,308
U.S. Treasury Notes      
0.125%, 08/31/2013   451,000 449,943

 

78

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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 (continued)      
U.S. Treasury Notes (continued)      
0.250%, 09/15/2014 $ 4,559,000 $ 4,538,712
0.375%, 07/31/2013   4,498,000 4,508,368
1.000%, 08/31/2016 (L)   73,894,000 74,130,461
1.375%, 09/30/2018   4,591,000 4,573,784
1.500%, 07/31/2016 (L)   42,778,000 43,957,817
1.500%, 08/31/2018   6,543,000 6,582,873
2.125%, 08/15/2021 (L)   39,606,000 40,373,564
 
      305,278,993
U.S. Government Agency - 49.47%      
Federal Home Loan Mortgage Corp.      
4.000%, 12/01/2034 to 12/01/2035   4,745,141 5,015,549
4.500%, TBA   550,000 581,913
4.500%, 08/01/2041 to 10/01/2041   19,353,408 20,486,192
5.000%, 03/01/2041 to 08/01/2041   29,152,810 31,320,157
5.500%, 12/15/2039   15,247,266 16,745,170
5.591%, 10/01/2038 (P)   366,418 397,683
5.599%, 08/01/2039 (P)   3,078,932 3,343,908
5.679%, 03/01/2036 (P)   366,335 398,504
5.690%, 03/01/2036 (P)   492,451 535,130
5.771%, 11/01/2037 (P)   82,167 88,152
5.773%, 07/01/2038 (P)   5,654,881 6,098,512
5.789%, 11/01/2038 (P)   454,408 494,310
5.839%, 01/01/2037 (P)   1,641,176 1,785,291
5.843%, 07/01/2037 (P)   2,499,733 2,719,240
5.880%, 03/01/2037 (P)   217,532 234,942
5.893%, 05/01/2037 (P)   683,409 738,403
5.927%, 06/01/2036 (P)   1,298,503 1,403,348
5.972%, 01/01/2037 (P)   495,263 538,753
5.979%, 06/01/2038 (P)   2,885,587 3,123,535
6.000%, 03/01/2034 to 10/01/2038   10,509,382 11,625,673
6.014%, 10/01/2037 (P)   1,885,755 2,051,347
6.108%, 06/01/2037 (P)   192,529 209,435
7.000%, 07/25/2043   886,915 1,019,928
Federal National Mortgage Association      
3.000%, TBA   15,600,000 16,007,846
3.500%, TBA   103,100,000 107,251,465
4.000%, TBA   3,900,000 4,088,893
4.000%, 10/01/2033 to 05/01/2037   14,976,246 15,849,071
4.500%, TBA   3,000,000 3,183,095
4.500%, 08/01/2041   11,428,822 12,135,715
5.000%, 03/01/2041 to 09/01/2041   63,212,570 68,119,297
5.490%, 02/01/2039 (P)   1,178,936 1,282,461
5.500%, 09/01/2034 to 05/25/2040   11,052,707 12,218,278
5.729%, 10/01/2037 (P)   314,945 337,429
5.745%, 10/01/2037 (P)   1,547,706 1,661,459
5.842%, 09/01/2037 (P)   2,481,171 2,699,048
5.874%, 02/01/2037 (P)   197,046 214,349
5.892%, 01/01/2037 (P)   155,082 166,412
5.912%, 04/01/2037 (P)   270,740 294,515
5.920%, 01/01/2037 (P)   275,817 298,743
5.925%, 07/01/2037 (P)   793,545 852,154
5.939%, 03/01/2037 (P)   398,157 433,120
5.959%, 09/01/2037 (P)   296,241 320,987
5.996%, 07/01/2037 (P)   330,366 355,586
6.000%, TBA   79,800,000 87,261,830
6.000%, 03/01/2034 to 07/01/2037   125,918,893 139,473,313
6.012%, 12/01/2036 (P)   135,105 146,969
6.032%, 09/01/2037 (P)   198,366 215,785
6.049%, 10/01/2037 (P)   177,899 193,521
6.092%, 11/01/2037 (P)   401,627 436,895
6.268%, 09/01/2037 (P)   1,854,803 2,041,447
6.313%, 10/01/2036 (P)   220,695 240,038

 

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)      
6.325%, 07/01/2037 (P) $ 115,835 $ 126,981
6.500%, 10/01/2036   3,619,893 4,001,113
Government National Mortgage Association      
3.000%, 07/20/2041 to 08/20/2041   4,880,631 5,079,405
3.000%, 08/20/2041 (P)   956,321 998,911
3.500%, TBA   49,000,000 50,685,914
3.500%, 12/20/2040 to 07/20/2041   8,378,077 8,788,022
3.500%, 05/20/2041 to 08/20/2041 (P)   17,230,040 18,041,523
4.000%, 03/20/2026 to 09/20/2026   123,342,803 132,138,029
4.000%, 04/20/2041 to 05/20/2041 (P)   7,692,018 8,136,629
6.000%, 01/15/2040   11,577,602 12,975,029
6.500%, 12/15/2032   1,481,972 1,660,562
 
      831,366,914
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $1,120,691,182)   $ 1,136,645,907
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 1.39%      
Canada - 0.16%      
Province of Quebec Canada      
2.750%, 08/25/2021   2,740,000 2,719,055
Chile - 0.13%      
Republic of Chile      
3.250%, 09/14/2021   2,270,000 2,213,250
Hungary - 0.03%      
Republic of Hungary      
7.625%, 03/29/2041   458,000 446,550
Mexico - 0.30%      
Government of Mexico      
5.125%, 01/15/2020   1,945,000 2,105,463
5.750%, 10/12/2110   3,026,000 2,980,610
 
      5,086,073
Qatar - 0.28%      
Government of Qatar      
4.000%, 01/20/2015 (S)   4,450,000 4,683,625
South Korea - 0.16%      
Korea Development Bank      
3.250%, 03/09/2016   2,821,000 2,721,089
Sweden - 0.33%      
Svensk Exportkredit AB      
3.250%, 09/16/2014   5,155,000 5,476,760
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $23,124,076)   $ 23,346,402
 
CORPORATE BONDS - 17.89%      
Consumer Discretionary - 1.81%      
Comcast Cable Communications      
Holdings, Inc. 8.375%, 03/15/2013   3,528,000 3,876,573
Daimler Finance North America LLC      
1.875%, 09/15/2014 (S)   4,935,000 4,872,538
3.875%, 09/15/2021 (S)   1,745,000 1,704,935
Ford Motor Credit Company LLC      
5.875%, 08/02/2021   1,380,000 1,374,589
NBCUniversal Media LLC      
2.875%, 04/01/2016   2,910,000 2,964,379
4.375%, 04/01/2021   1,518,000 1,561,486
News America, Inc.      
6.150%, 03/01/2037 to 02/15/2041   2,228,000 2,381,784

 

79

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
The Gap, Inc. 5.950%, 04/12/2021 $ 4,440,000 $ 4,181,832
Thomson Reuters Corp. 5.950%, 07/15/2013 1,610,000 1,739,682
Time Warner Cable, Inc. 5.500%, 09/01/2041 2,730,000 2,705,411
Time Warner, Inc.      
4.750%, 03/29/2021   1,305,000 1,372,238
6.250%, 03/29/2041   1,450,000 1,658,580
 
      30,394,027
Consumer Staples - 1.14%      
Altria Group, Inc.      
4.750%, 05/05/2021   1,370,000 1,419,156
10.200%, 02/06/2039   1,095,000 1,590,479
Cencosud SA 5.500%, 01/20/2021 (S)   1,145,000 1,148,365
Kraft Foods, Inc. 6.500%, 02/09/2040   2,275,000 2,788,169
Pepsico, Inc. 2.500%, 05/10/2016   2,715,000 2,812,710
Pernod-Ricard SA 5.750%, 04/07/2021 (S)   3,920,000 4,302,568
The Coca-Cola Company      
1.800%, 09/01/2016 (S)   3,310,000 3,321,896
Wal-Mart Stores, Inc. 5.625%, 04/15/2041   1,380,000 1,705,016
 
      19,088,359
Energy - 2.23%      
CNOOC Finance 2011, Ltd.      
4.250%, 01/26/2021 (S)   635,000 638,902
CNPC HK Overseas Capital, Ltd.      
5.950%, 04/28/2041 (S)   445,000 496,399
Devon Energy Corp. 2.400%, 07/15/2016   2,875,000 2,915,532
El Paso Pipeline Partners      
Operating Company LLC      
5.000%, 10/01/2021   1,015,000 1,018,284
7.500%, 11/15/2040   1,090,000 1,274,512
Energen Corp. 4.625%, 09/01/2021   3,250,000 3,228,248
Energy Transfer Partners LP      
9.000%, 04/15/2019   1,440,000 1,736,467
Enterprise Products Operating LLC      
5.700%, 02/15/2042   275,000 290,126
Husky Energy, Inc. 7.250%, 12/15/2019   1,592,000 1,952,972
Kerr-McGee Corp. 6.950%, 07/01/2024   3,835,000 4,489,757
Marathon Petroleum Corp.      
6.500%, 03/01/2041 (S)   1,325,000 1,432,929
Newfield Exploration Company      
5.750%, 01/30/2022   1,685,000 1,666,044
Plains All American Pipeline LP/PAA      
Finance Corp. 6.650%, 01/15/2037   459,000 508,271
Pride International, Inc. 6.875%, 08/15/2020 1,195,000 1,380,671
Rockies Express Pipeline LLC      
3.900%, 04/15/2015 (S)   4,310,000 4,419,565
Talisman Energy, Inc. 7.750%, 06/01/2019   1,960,000 2,410,049
TC Pipelines LP 4.650%, 06/15/2021   465,000 479,010
The Williams Companies, Inc.      
7.875%, 09/01/2021   987,000 1,171,689
Transcontinental Gas Pipe Line      
Company, LLC 5.400%, 08/15/2041 (S)   250,000 264,119
Western Gas Partners LP 5.375%, 06/01/2021 3,935,000 3,947,946
Williams Companies, Inc., Series A      
7.500%, 01/15/2031   1,485,000 1,740,665
 
      37,462,157
Financials - 6.84%      
Achmea Hypotheekbank NV      
3.200%, 11/03/2014 (S)   8,500,000 8,990,399
American Express Credit Corp.      
1.208%, 06/24/2014 (P)   870,000 861,677
2.800%, 09/19/2016   5,045,000 5,023,443
American International Group      
4.250%, 09/15/2014   1,840,000 1,790,245

 

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
American International Group, Inc.      
5.850%, 01/16/2018 $ 2,220,000 $ 2,201,523
Bank of America Corp.      
3.750%, 07/12/2016   3,715,000 3,382,110
5.000%, 05/13/2021   4,420,000 3,948,850
6.000%, 09/01/2017   2,425,000 2,334,807
Bank of Nova Scotia 2.150%, 08/03/2016 (S) 1,357,000 1,381,189
Berkshire Hathaway, Inc. 3.750%, 08/15/2021 3,271,000 3,322,469
Caisse Centrale Desjardins du Quebec      
2.550%, 03/24/2016 (S)   1,785,000 1,854,276
Capital One Financial Corp.      
4.750%, 07/15/2021   3,365,000 3,375,506
Citigroup Funding, Inc. 1.875%, 10/22/2012 3,690,000 3,748,295
Citigroup, Inc.      
3.953%, 06/15/2016   3,230,000 3,224,370
5.375%, 08/09/2020   2,295,000 2,380,833
CNA Financial Corp.      
5.750%, 08/15/2021   1,685,000 1,702,676
6.500%, 08/15/2016   1,050,000 1,128,709
Cooperatieve Centrale Raiffeisen-      
Boerenleenbank BA 5.250%, 05/24/2041   3,118,000 3,426,735
Credit Suisse AG 6.000%, 02/15/2018   2,885,000 2,930,551
Credit Suisse New York 4.375%, 08/05/2020 2,130,000 2,063,981
General Electric Capital Corp.      
4.625%, 01/07/2021   4,061,000 4,220,744
6.875%, 01/10/2039   915,000 1,052,680
Hartford Financial Services Group, Inc.      
5.500%, 03/30/2020   1,365,000 1,332,584
HCP, Inc.      
5.650%, 12/15/2013   3,330,000 3,497,922
6.750%, 02/01/2041   965,000 1,037,302
Health Care REIT, Inc. 6.500%, 03/15/2041 1,100,000 1,045,883
HSBC Holdings PLC      
5.100%, 04/05/2021   2,500,000 2,578,048
6.800%, 06/01/2038   981,000 983,044
Itau Unibanco Holding SA      
6.200%, 04/15/2020 (S)   915,000 925,352
Jefferies Group, Inc. 5.125%, 04/13/2018   1,545,000 1,448,390
JPMorgan Chase & Company      
5.600%, 07/15/2041   2,230,000 2,335,660
Kilroy Realty LP      
4.800%, 07/15/2018   2,230,000 2,153,569
5.000%, 11/03/2015   830,000 862,089
6.625%, 06/01/2020   1,115,000 1,213,252
Lazard Group LLC      
6.850%, 06/15/2017   4,503,000 4,961,779
7.125%, 05/15/2015   3,025,000 3,342,643
Lloyds TSB Bank PLC 6.375%, 01/21/2021 1,775,000 1,752,317
Metlife, Inc. 5.700%, 06/15/2035   925,000 991,189
Nordea Bank AB 4.875%, 05/13/2021 (S)   1,525,000 1,304,935
Protective Life Corp. 8.450%, 10/15/2039   900,000 1,041,733
Prudential Financial, Inc. 5.625%, 05/12/2041 650,000 617,940
Reckson Operating Partnership LP      
5.000%, 08/15/2018   565,000 546,663
Standard Chartered PLC      
3.200%, 05/12/2016 (S)   3,770,000 3,740,737
The Goldman Sachs Group, Inc.      
3.625%, 02/07/2016   3,175,000 3,092,942
5.250%, 07/27/2021   1,860,000 1,837,559
6.000%, 06/15/2020   2,240,000 2,307,164
6.250%, 02/01/2041   1,190,000 1,159,924
US Bank NA 5.920%, 05/25/2012   708,732 732,134
WEA Finance LLC 4.625%, 05/10/2021 (S) 1,575,000 1,506,144
WR Berkley Corp. 5.375%, 09/15/2020   1,400,000 1,438,564

 

80

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Xl Group Ltd. 5.750%, 10/01/2021 $ 915,000 $ 910,406
      115,043,936
Health Care - 0.79%      
Boston Scientific Corp. 6.400%, 06/15/2016 2,130,000 2,382,128
Coventry Health Care, Inc.      
5.450%, 06/15/2021   785,000 848,840
5.950%, 03/15/2017   3,462,000 3,882,166
Gilead Sciences, Inc. 4.500%, 04/01/2021   2,930,000 3,162,619
Life Technologies Corp. 5.000%, 01/15/2021 2,904,000 3,010,937
 
      13,286,690
Industrials - 0.61%      
ABB Treasury Center USA, Inc      
2.500%, 06/15/2016 (S)   2,090,000 2,137,182
4.000%, 06/15/2021 (S)   2,090,000 2,105,132
Burlington Northern Santa Fe LLC      
5.750%, 05/01/2040   927,000 1,093,534
Hutchison Whampoa International, Ltd.      
5.750%, 09/11/2019 (S)   2,730,000 2,935,110
Verisk Analytics, Inc. 5.800%, 05/01/2021   1,720,000 1,933,698
 
      10,204,656
Information Technology - 0.18%      
Adobe Systems, Inc. 4.750%, 02/01/2020   1,838,000 1,933,471
Hewlett-Packard Company      
3.000%, 09/15/2016   1,102,000 1,111,952
 
      3,045,423
Materials - 0.55%      
ArcelorMittal 5.500%, 03/01/2021   1,134,000 1,017,491
Braskem America Finance Company      
7.125%, 07/22/2041 (S)   1,925,000 1,756,563
Teck Resources, Ltd. 6.250%, 07/15/2041   2,066,000 2,171,967
The Dow Chemical Company      
8.550%, 05/15/2019   3,341,000 4,284,465
 
      9,230,486
Telecommunication Services - 1.26%      
America Movil SAB de CV      
2.375%, 09/08/2016   2,255,000 2,180,585
6.125%, 03/30/2040   1,860,000 1,934,400
American Tower Corp.      
4.500%, 01/15/2018   2,815,000 2,821,086
5.050%, 09/01/2020   792,000 791,456
AT&T, Inc.      
5.550%, 08/15/2041   1,135,000 1,225,279
6.400%, 05/15/2038   930,000 1,082,053
CenturyLink, Inc. 7.600%, 09/15/2039   1,508,000 1,359,106
Frontier Communications Corp.      
8.250%, 04/15/2017   2,950,000 2,861,500
9.000%, 08/15/2031   680,000 579,700
Telefonica Moviles Chile SA      
2.875%, 11/09/2015 (S)   1,550,000 1,482,842
Telemar Norte Leste SA      
5.500%, 10/23/2020 (S)   2,582,000 2,452,900
Verizon Wireless Capital LLC      
8.500%, 11/15/2018   1,790,000 2,387,805
 
      21,158,712
Utilities - 2.48%      
Ameren Corp. 8.875%, 05/15/2014   2,380,000 2,693,110
CMS Energy Corp.      
2.750%, 05/15/2014   1,435,000 1,405,284
5.050%, 02/15/2018   2,355,000 2,328,775
Dominion Resources Inc. 4.900%, 08/01/2041 745,000 773,368
Dominion Resources, Inc. 8.875%, 01/15/2019 4,675,000 6,237,946

 

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
EDF SA 4.600%, 01/27/2020 (S) $ 465,000 $ 487,590
Great Plains Energy, Inc. 4.850%, 06/01/2021 450,000 474,492
Hydro Quebec 2.000%, 06/30/2016   4,030,000 4,115,621
Korea Hydro & Nuclear Power Company, Ltd.    
3.125%, 09/16/2015 (S)   2,580,000 2,522,887
LG&E And Ku Energy LLC      
4.375%, 10/01/2021 (S)   2,285,000 2,279,156
Midamerican Energy Holdings Company      
6.125%, 04/01/2036   645,000 774,466
6.500%, 09/15/2037   1,365,000 1,711,440
National Grid PLC 6.300%, 08/01/2016   1,100,000 1,265,361
PPL Electric Utilities Corp.      
3.000%, 09/15/2021   1,555,000 1,553,750
PPL WEM Holdings PLC      
3.900%, 05/01/2016 (S)   1,930,000 2,024,460
Progress Energy, Inc. 6.850%, 04/15/2012   1,760,000 1,815,503
Public Service Company of Colorado      
4.750%, 08/15/2041   390,000 434,703
Puget Energy, Inc. 6.000%, 09/01/2021   2,175,000 2,157,274
Sempra Energy 2.000%, 03/15/2014   3,480,000 3,517,247
The Cleveland Electric Illuminating Company    
8.875%, 11/15/2018   2,330,000 3,154,454
 
      41,726,887
TOTAL CORPORATE BONDS (Cost $295,810,765) $ 300,641,333
 
MUNICIPAL BONDS - 1.19%      
California - 0.40%      
Los Angeles Community College District      
6.750%, 08/01/2049   1,800,000 2,467,494
Los Angeles Department of Water & Power    
6.574%, 07/01/2045   1,110,000 1,431,767
State of California      
7.600%, 11/01/2040   2,270,000 2,836,978
 
      6,736,239
Illinois - 0.31%      
State of Illinois      
5.365%, 03/01/2017   1,630,000 1,720,563
5.665%, 03/01/2018   1,620,000 1,726,094
5.877%, 03/01/2019   1,625,000 1,737,271
 
      5,183,928
Nevada - 0.14%      
County of Clark      
6.820%, 07/01/2045   1,885,000 2,386,184
New Jersey - 0.19%      
New Jersey State Turnpike Authority      
7.102%, 01/01/2041   2,305,000 3,143,282
Texas - 0.15%      
North Texas Tollway Authority      
6.718%, 01/01/2049   2,045,000 2,610,708
TOTAL MUNICIPAL BONDS (Cost $16,587,030) $ 20,060,341
 
CAPITAL PREFERRED SECURITIES - 0.12%    
Financials - 0.12%      
JPMorgan Chase Capital XXV      
6.800%, 10/01/2037   1,970,000 1,981,487
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $1,941,596)   $ 1,981,487

 

81

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 16.82%      
Commercial & Residential - 8.63%      
Americold LLC Trust, Series 2010-ARTA,      
Class A1 3.847%, 01/14/2029 (S) $ 3,740,236 $ 3,901,380
Banc of America Commercial Mortgage, Inc.    
Series 2004-6, Class A3,      
4.512%, 12/10/2042   692,555 696,773
Series 2002-2, Class B,      
5.271%, 07/11/2043   675,000 679,059
Series 2006-6, Class A4,      
5.356%, 10/10/2045   8,623,000 9,003,188
Series 2007-1 A2,      
5.381%, 01/15/2049   1,566,163 1,568,161
Series 2006-5, Class A4,      
5.414%, 09/10/2047   786,000 820,980
Series 2002-PB2, Class B,      
6.309%, 06/11/2035   236,000 236,015
Bear Stearns Commercial      
Mortgage Securities, Inc.      
Series 2003-T12, Class A3,      
4.240%, 08/13/2039 (P)   82,071 82,539
Series 2005-PWR7, Class A2,      
4.945%, 02/11/2041   1,444,973 1,449,986
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2005-CD1,      
Class AM 5.398%, 07/15/2044 (P)   2,084,000 2,143,227
Commercial Mortgage Pass      
Through Certificates      
Series 2004-B4A, Class A5,      
4.840%, 10/15/2037   6,691,000 6,979,810
Series 2001-J2A, Class B,      
6.304%, 07/16/2034 (S)   2,376,000 2,371,332
Credit Suisse First Boston      
Mortgage Securities Corp.      
Series 2003-CPN1, Class B,      
4.723%, 03/15/2035   1,013,000 1,016,995
Series 2005-C3, Class AM,      
4.730%, 07/15/2037   1,508,000 1,509,975
Series 2005-C1, Class A3,      
4.813%, 02/15/2038   2,029,976 2,063,142
Series 2005-C2, Class A4,      
4.832%, 04/15/2037   3,259,000 3,437,528
Series 2002-CP5, Class A2,      
4.940%, 12/15/2035   2,963,000 3,040,693
Series 2003-C4, Class B,      
5.253%, 08/15/2036 (P)   1,479,000 1,539,698
Series 2002-CP3, Class A3,      
5.603%, 07/15/2035   566,802 575,688
Series 2001-CK6 A3,      
6.387%, 08/15/2036   99,193 99,074
Credit Suisse Mortgage Capital Certificates,      
Series 2006-C4, Class A3      
5.467%, 09/15/2039   3,692,000 3,799,718
Developers Diversified Realty Corp.,      
Series 2009-DDR1, Class A      
3.807%, 10/14/2022 (S)   5,976,975 6,231,283
Extended Stay America Trust,      
Series 2010-ESHA, Class A      
2.951%, 11/05/2027 (S)   7,258,645 7,142,216
First Union National Bank Commercial      
Mortgage, Series 2001-C4, Class B      
6.417%, 12/12/2033   305,000 304,675
GMAC Commercial Mortgage Securities, Inc.    
Series 2006-C1, Class AM,      
5.290%, 11/10/2045 (P)   2,918,000 2,787,843

 

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
GMAC Commercial Mortgage      
Securities, Inc. (continued)      
Series 2003-C2, Class D,      
5.654%, 05/10/2040 (P) $ 622,000 $ 620,679
Series 2001-C2, Class A2,      
6.700%, 04/15/2034   81,929 81,808
Series 2001-C2, Class B,      
6.790%, 04/15/2034   336,000 335,396
Greenwich Capital Commercial      
Funding Corp., Series 2005-GG5, Class A5    
5.224%, 04/10/2037 (P)   5,393,000 5,728,563
GS Mortgage Securities Corp. II,      
Series 2005-GG4, Class A4      
4.761%, 07/10/2039   1,002,000 1,056,463
Impac Funding LLC, Series 2010-1, Class A1    
5.314%, 01/25/2051 (S)   4,592,404 4,843,551
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2010-CNTR, Class A1,      
3.300%, 08/05/2032 (S)   1,246,780 1,252,798
Series 2010-C1, Class A1,      
3.853%, 06/15/2043 (S)   6,326,613 6,560,906
Series 2011-C5 A3,      
4.171%, 08/15/2046   2,149,000 2,216,117
Series 2003-C1, Class A1,      
4.275%, 01/12/2037   658,141 663,152
Series 2010-CNTR, Class A2,      
4.311%, 08/05/2032 (S)   3,883,000 3,869,468
Series 2003-CB6, Class A1,      
4.393%, 07/12/2037   289,827 292,096
Series 2002-C2, Class A2,      
5.050%, 12/12/2034   1,318,072 1,354,835
Series 2004-IN2, Class A2,      
5.115%, 07/15/2041   4,007,000 4,245,220
Series 2006-LDP9, Class A2,      
5.134%, 05/15/2047   842,133 859,083
Series 2002-C2, Class B,      
5.211%, 12/12/2034 (P)   723,000 728,091
Series 2006-lDP9 A1S,      
5.284%, 05/15/2047   249,572 249,669
Series 2006-LDP9, Class A3,      
5.336%, 05/15/2047   6,775,000 7,000,553
Series 2007-LDPX, Class A3,      
5.420%, 01/15/2049   1,465,000 1,520,030
Series 2009-IWST, Class A2,      
5.633%, 12/05/2027 (S)   2,465,000 2,692,391
Series 2007-C1 ASB,      
5.857%, 02/15/2051   1,152,000 1,229,683
Series 2002-CIB4, Class C,      
6.450%, 05/12/2034 (P)   1,546,000 1,545,116
Series 2001-CIB3, Class A3,      
6.465%, 11/15/2035   500,995 500,430
Series 2001-CIB2, Class D,      
6.847%, 04/15/2035 (P)   853,000 850,910
LB Commercial Conduit Mortgage Trust,      
Series 2007-C3, Class A3      
6.130%, 07/15/2044 (P)   826,000 869,434
LB-UBS Commercial Mortgage Trust      
Series 2002-C4, Class A4,      
4.563%, 09/15/2026   196,568 198,003
Series 2004-C7, Class A5,      
4.628%, 10/15/2029   495,000 510,836
Series 2005-C2, Class A4,      
4.998%, 04/15/2030   2,935,000 2,976,862

 

82

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
LB-UBS Commercial      
Mortgage Trust (continued)      
Series 2007-C1, Class AAB,      
5.403%, 02/15/2040 $ 840,000 $ 885,342
Series 2007-C1, Class A4,      
5.424%, 02/15/2040   2,883,000 3,044,855
Series 2002-C2, Class A4,      
5.594%, 06/15/2031   907,000 920,462
Series 2007-C6, Class A3,      
5.933%, 07/15/2040   3,739,000 3,912,093
Merrill Lynch Mortgage Trust      
Series 2005-CIP1, Class A3A,      
4.949%, 07/12/2038 (P)   721,000 736,948
Series 2005-MKB2, Class A4,      
5.204%, 09/12/2042 (P)   2,507,000 2,675,144
Morgan Stanley Capital I      
Series 2011-C3 A2,      
3.224%, 07/15/2049   1,848,000 1,873,645
Series 2011-C3 A4,      
4.118%, 07/15/2049   926,000 949,666
Series 2004-T13, Class A3,      
4.390%, 09/13/2045   660,757 674,263
Series 2004-T15, Class A3,      
5.030%, 06/13/2041   — 0
Series 2006-IQ12, Class ANM,      
5.310%, 12/15/2043   2,287,278 2,283,488
Series 2007-HQ13, Class A1,      
5.357%, 12/15/2044   811,135 812,622
Series 2008-HQ8, Class AM,      
5.647%, 03/12/2044 (P)   1,055,000 1,044,334
Morgan Stanley Dean Witter Capital I      
Series 2003-HQ2, Class B,      
5.040%, 03/12/2035   807,000 827,413
Series 2001, Class A4,      
6.390%, 07/15/2033   156,019 155,925
Series 2002-HQ, Class B,      
6.640%, 04/15/2034   671,000 676,502
Morgan Stanley Mortgage Loan Trust,      
Series 2007-6XS, Class 2A1S      
0.345%, 02/25/2047 (P)   30,621 24,309
Nomura Asset Securities Corp.,      
Series 1998-D6, Class A2      
7.313%, 03/15/2030 (P)   3,120,000 3,309,465
Sequoia Mortgage Trust      
Series 2010-H1, Class A1,      
3.750%, 02/25/2040 (P)   671,400 664,179
Series 2011-1, Class A1,      
4.125%, 02/25/2041 (P)   951,940 946,824
TIAA Seasoned Commercial Mortgage Trust,    
Series 2007-C4 A1 5.544%, 08/15/2039 (P) 119,336 119,372
Wachovia Bank Commercial Mortgage Trust,    
Series 2003-C8, Class A3      
4.445%, 11/15/2035   158,707 158,999
 
      145,028,971
U.S. Government Agency - 8.19%      
Federal Home Loan Mortgage Corp.      
Series 3704, Class CA,      
4.000%, 12/15/2036   11,209,895 11,876,865
Series 3508, Class PK,      
4.000%, 02/15/2039   1,061,027 1,118,618
Series 3631, Class PA,      
4.000%, 02/15/2040   4,051,369 4,286,871

 

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal Home Loan Mortgage Corp. (continued)    
Series K005, Class A2,      
4.317%, 11/25/2019 $ 2,707,000 $ 3,007,067
Series 3598, Class MA,      
4.500%, 11/15/2038   2,116,009 2,236,641
Series 2009-K003, Class AAB,      
4.768%, 05/25/2018   1,094,000 1,210,751
Series 3626, Class MB,      
5.000%, 03/15/2032   1,302,000 1,432,058
Series 3455, Class A,      
5.000%, 06/15/2038   4,085,290 4,374,119
Series 2005-3028, Class PG,      
5.500%, 09/15/2035   869,762 975,940
Series 2005-3035, Class PA,      
5.500%, 09/15/2035   4,691,892 5,218,938
Series 2980, Class QA,      
6.000%, 05/15/2035   2,984,168 3,335,643
Series T-48, Class 1A,      
6.312%, 07/25/2033 (P)   65,970 72,309
Series T-57, Class 1A3,      
7.500%, 07/25/2043   731,633 841,916
Series T-59, Class 1A3,      
7.500%, 10/25/2043   958,855 1,137,925
Series T-60, Class 1A3,      
7.500%, 03/25/2044   1,002,688 1,160,498
Federal National Mortgage Association      
Series 2009-66, Class KE,      
4.000%, 09/25/2039   6,434,919 6,796,163
Series 2010-135, Class LM,      
4.000%, 12/25/2040   423,573 452,722
Series 2009-M2, Class A3,      
4.001%, 01/25/2019   2,737,000 2,989,276
Series 2009-M1, Class A2,      
4.287%, 07/25/2019   2,905,000 3,229,572
Series 2010-M3, Class A3,      
4.332%, 03/25/2020 (P)   10,746,000 11,952,146
Series 2010-M1, Class A2,      
4.450%, 09/25/2019   946,000 1,052,472
4.500%, 09/25/2039   1,393,050 1,494,614
Series 3652, Class AP,      
4.500%, 03/15/2040   11,177,039 12,122,850
Series 2010-54, Class EA,      
4.500%, 06/25/2040   7,910,240 8,535,171
Series 2011-53, Class DT,      
4.500%, 06/25/2041   5,497,255 5,910,718
Series 2009-11, Class LC,      
4.500%, 03/25/2049   3,946,558 4,166,918
Series 2009-78, Class J,      
5.000%, 09/25/2019   2,907,985 3,120,348
Series 2005-5, Class PA,      
5.000%, 01/25/2035   1,552,724 1,684,947
Series 2005-64, Class PL,      
5.500%, 07/25/2035   1,627,511 1,814,799
Series 2005-58, Class MA,      
5.500%, 07/25/2035   224,070 249,541
Series 2003-W17, Class 1A7,      
5.750%, 08/25/2033   1,000,000 1,173,210
Series 2002-95, Class DB,      
6.000%, 01/25/2033   3,102,000 3,557,452
Series 2006-56, Class CA,      
6.000%, 07/25/2036   736,687 816,167
Series 2009-105, Class CB,      
6.000%, 12/25/2039   6,491,140 7,133,068

 

83

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal National Mortgage      
Association (continued)      
Series 2002-33, Class A2,      
7.500%, 06/25/2032 $ 734,196 $ 845,659
Government National Mortgage Association      
Series 2005-78, Class A,      
5.000%, 07/16/2033   13,677,834 14,830,261
Series 2003-79, Class PV,      
5.500%, 10/20/2023   1,263,914 1,417,311
 
      137,631,544
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $279,458,576)   $ 282,660,515
 
ASSET BACKED SECURITIES - 7.24%      
Ally Auto Receivables Trust, Series 2011-4,      
Class A4 1.140%, 06/15/2016   2,113,000 2,111,018
Ally Master Owner Trust, aSeries 2011-4,      
Class A2 1.540%, 09/15/2016   2,330,000 2,329,386
Capital One Multi-Asset Execution Trust      
Series 2006-A5, Class A5,      
0.289%, 01/15/2016 (P)   379,000 378,073
Series 2005-A10, Class A,      
0.309%, 09/15/2015 (P)   1,886,000 1,883,569
Series 2004-A4, Class A4,      
0.449%, 03/15/2017 (P)   991,000 989,882
Chase Issuance Trust      
Series 2005-A6, Class A6,      
0.299%, 07/15/2014 (P)   1,411,000 1,410,419
Series 2005-a11, Class A,      
0.299%, 12/15/2014 (P)   4,316,000 4,314,611
Citibank Omni Master Trust      
Series 2009-A8, Class A8,      
2.329%, 05/16/2016 (S)(P)   6,617,000 6,673,318
Series 2009-A14A, Class A14,      
2.979%, 08/15/2018 (P)(S)   12,113,000 12,673,631
Citigroup Mortgage Loan Trust, Inc.,      
Series 2007-AHL1, Class A2A      
0.275%, 12/25/2036 (P)   34,936 33,718
Discover Card Master Trust, Series 2009-A1,    
Class A1 1.529%, 12/15/2014 (P)   2,017,000 2,034,525
Federal Home Loan Mortgage Corp.      
2.400%, 12/15/2041   4,599,000 4,693,315
Federal National Mortgage Association      
5.500%, 10/25/2041   2,624,000 2,901,980
GE Capital Credit Card Master Note Trust,      
Series 2009-2, Class A 3.690%, 07/15/2015 2,519,000 2,578,645
Goal Capital Funding Trust, Series 2006-1,      
Class A3 0.432%, 11/25/2026 (P)   7,463,000 7,036,166
Hyundai Auto Receivables Trust,      
Series 2011-C A4 1.300%, 02/15/2018   1,842,000 1,841,522
MBNA Master Credit Card Trust,      
Series 1997-B, Class A      
0.389%, 08/15/2014 (P)   8,459,000 8,460,134
MMCA Automobile Trust, Series 2011-A,      
Class A4 2.020%, 10/17/2016 (S)   1,693,000 1,729,897
Morgan Stanley ABS Capital I,      
Series 2007-HE2, Class A2A      
0.275%, 01/25/2037 (P)   14,771 14,386
Morgan Stanley Home Equity Loan Trust,      
Series 2007-1, Class A1      
0.285%, 12/25/2036 (P)   4,838 4,765

 

Core Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
ASSET BACKED SECURITIES (continued)      
Nelnet Student Loan Trust        
Series 2006-2, Class A4,        
0.333%, 10/26/2026 (P) $ 3,592,000 $ 3,560,793
Series 2007-1, Class A3,        
0.382%, 05/27/2025 (P)   5,476,000   5,008,639
Series 2006-1, Class A4,        
0.393%, 11/23/2022 (P)   3,117,000   3,043,576
Series 2005-2, Class A5,        
0.455%, 03/23/2037 (P)   1,841,000   1,669,906
Series 2008-3, Class A4,        
1.962%, 11/25/2024 (P)   6,380,000   6,586,337
SLC Student Loan Trust, Series 2007-2,        
Class A2 0.686%, 05/15/2028 (P)   4,910,000   4,718,864
SLM Student Loan Trust        
Series 2007-4, Class A3,        
0.313%, 01/25/2022 (P)   1,482,000   1,471,492
Series 2006-4, Class A5,        
0.353%, 10/25/2025 (P)   975,000   949,119
Series 2005-6, Class A5A,        
0.363%, 07/27/2026 (P)   5,505,000   5,339,058
Series 2004-3, Class A5,        
0.423%, 07/25/2023 (P)   1,839,000   1,781,748
Series 2003-14, Class A5,        
0.483%, 01/25/2023 (P)   6,845,000   6,735,814
Series 2008-6, Class A2,        
0.803%, 10/25/2017 (P)   1,186,895   1,186,757
Series 2008-4, Class A2,        
1.303%, 07/25/2016 (P)   2,573,000   2,603,191
Series 2008-9, Class A,        
1.753%, 04/25/2023 (P)   3,374,281   3,465,981
SMS Student Loan Trust, Series 2000-A,        
Class A2 0.443%, 10/28/2028 (P)   2,767,232   2,757,029
World Financial Network Credit Card        
Master Trust, Series 2009-A, Class A        
4.600%, 09/15/2015   3,923,000   3,940,815
World Omni Auto Receivables Trust,        
Series 2008-A A4 4.740%, 10/15/2013   2,733,571   2,785,684
TOTAL ASSET BACKED SECURITIES (Cost $121,787,176) $ 121,697,763
 
SECURITIES LENDING COLLATERAL - 3.79%    
John Hancock Collateral        
Investment Trust, 0.2515% (W)(Y)   6,366,118   63,694,283
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $63,687,643)     $ 63,694,283
 
SHORT-TERM INVESTMENTS - 3.08%      
Money Market Funds - 3.08%        
State Street Institutional Liquid Reserves        
Fund, 0.0927% (Y)   51,698,150   51,698,150
TOTAL SHORT-TERM INVESTMENTS (Cost $51,698,150) $ 51,698,150
Total Investments (Core Bond Trust)        
(Cost $1,974,786,194) - 119.15%     $ 2,002,426,181
Other assets and liabilities, net - (19.15%)     (321,900,965)
 
TOTAL NET ASSETS - 100.00%     $ 1,680,525,216
 
SALE COMMITMENTS OUTSTANDING - (1.49)%    
U.S. Government Agency - (1.49)%        
Federal National Mortgage Association        
4.500%, TBA   (13,050,000)   (13,833,312)
5.000%, TBA   (7,200,000)   (7,730,250)

 

84

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Bond Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
SALE COMMITMENTS OUTSTANDING (continued)    
U.S. Government Agency (continued)    
Federal Home Loan Mortgage Corp.    
4.500%, TBA (3,300,000) $ (3,491,478)
TOTAL SALE COMMITMENTS    
OUTSTANDING (Cost $(25,086,953)) $ (25,055,040)
 
 
 
Core Disciplined Diversification Trust  
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 100.02%    
Affiliated Investment Companies - 100.02%    
Equity - 87.42%    
John Hancock Variable Insurance Trust (G) - 87.42%    
500 Index, Series NAV (John Hancock) (A)(2) 2,237,651 $ 21,951,355
Disciplined Diversification, Series NAV (DFA) 9,396,493 105,616,583
International Index, Series NAV    
(John Hancock) (A)(2) 1,465,668 21,061,650
Mid Cap Index, Series NAV    
(John Hancock) (A)(2) 197,317 2,947,917
Small Cap Index, Series NAV    
(John Hancock) (A)(2) 281,734 3,228,671
Fixed Income - 12.60%    
John Hancock Variable Insurance Trust (G) - 12.60%    
Total Bond Market A,    
Series NAV (Declaration) (A) 1,528,934 22,307,143
TOTAL INVESTMENT COMPANIES (Cost $184,218,612) $ 177,113,319
Total Investments (Core Disciplined Diversification Trust)  
(Cost $184,218,612) - 100.02% $ 177,113,319
Other assets and liabilities, net - (0.02%)   (30,564)
TOTAL NET ASSETS - 100.00% $ 177,082,755
 
 
 
Core Diversified Growth & Income Trust  
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 99.99%    
Affiliated Investment Companies - 40.04%    
Equity - 27.69%    
John Hancock Variable Insurance Trust (G) - 27.69%    
500 Index, Series NAV (John Hancock) (A)(2) 105,060 $ 1,030,639
International Index, Series NAV    
(John Hancock) (A)(2) 13,663 196,338
Fixed Income - 12.35%    
John Hancock Variable Insurance Trust (G) - 12.35%    
Total Bond Market A,    
Series NAV (Declaration) (A) 37,532 547,596
Unaffiliated Investment Companies - 59.95%    
Equity - 41.40%    
American Funds Insurance Series - 41.40%    
American Blue Chip Income & Growth    
Fund - Class 1 43,026 355,821
American Global Growth Fund - Class 1 17,801 327,368
American Growth Fund - Class 1 7,233 349,130

 

Core Diversified Growth & Income Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES (continued)    
American Funds Insurance Series (continued)    
American Growth-Income Fund - Class 1 22,046 $ 675,060
American International Fund - Class 1 8,651 127,260
Fixed Income - 18.55%    
American Funds Insurance Series - 18.55%    
American U.S. Government Fund - Class 1 62,596 821,891
TOTAL INVESTMENT COMPANIES (Cost $4,590,210) $ 4,431,103
Total Investments (Core Diversified Growth & Income Trust)  
(Cost $4,590,210) - 99.99%   $ 4,431,103
Other assets and liabilities, net - 0.01%   292
 
TOTAL NET ASSETS - 100.00%   $ 4,431,395
 
 
Core Fundamental Holdings Trust  
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.01%    
Affiliated Investment Companies - 40.09%    
Equity - 23.09%    
John Hancock Variable Insurance Trust (G) - 23.09%  
500 Index, Series NAV (John Hancock) (A)(2) 4,868,483 $ 47,759,819
International Index, Series NAV    
(John Hancock) (A)(2) 894,807 12,858,382
Fixed Income - 17.00%    
John Hancock Variable Insurance Trust (G) - 17.00%  
Total Bond Market A,    
Series NAV (Declaration) (A) 3,057,635 44,610,900
Unaffiliated Investment Companies - 59.92%    
Equity - 34.42%    
American Funds Insurance Series - 34.42%    
American Blue Chip Income & Growth    
Fund - Class 1 2,180,198 18,030,236
American Growth Fund - Class 1 360,261 17,389,774
American Growth-Income Fund - Class 1 1,165,548 35,689,076
American International Fund - Class 1 1,307,457 19,232,688
Fixed Income - 25.50%    
American Funds Insurance Series - 25.50%    
American U.S. Government Fund - Class 1 5,096,447 66,916,350
TOTAL INVESTMENT COMPANIES (Cost $260,258,144) $ 262,487,225
Total Investments (Core Fundamental Holdings Trust)  
(Cost $260,258,144) - 100.01%   $ 262,487,225
Other assets and liabilities, net - (0.01%)   (26,653)
 
TOTAL NET ASSETS - 100.00%   $ 262,460,572
 
 
Core Global Diversification Trust  
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES - 100.01%    
Affiliated Investment Companies - 40.06%    
Equity - 25.18%    

 

85

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Core Global Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
INVESTMENT COMPANIES (continued)    
John Hancock Variable Insurance Trust (G) - 25.18%  
500 Index, Series NAV (John Hancock) (A)(2) 2,723,119 $ 26,713,799
International Index, Series NAV    
(John Hancock) (A)(2) 3,349,577 48,133,425
Fixed Income - 14.88%    
John Hancock Variable Insurance Trust (G) - 14.88%  
Total Bond Market A,    
Series NAV (Declaration) (A) 3,033,074 44,252,550
Unaffiliated Investment Companies - 59.95%    
Equity - 37.62%    
American Funds Insurance Series - 37.62%    
American Global Growth Fund - Class 1 2,681,758 49,317,538
American Growth-Income Fund - Class 1 474,606 14,532,432
American International Fund - Class 1 3,261,265 47,973,201
Fixed Income - 22.33%    
American Funds Insurance Series - 22.33%    
American U.S. Government Fund - Class 1 5,055,508 66,378,826
TOTAL INVESTMENT COMPANIES (Cost $312,883,457) $ 297,301,771
Total Investments (Core Global Diversification Trust)  
(Cost $312,883,457) - 100.01%   $ 297,301,771
Other assets and liabilities, net - (0.01%)   (25,355)
TOTAL NET ASSETS - 100.00%   $ 297,276,416
 
 
 
Core Strategy Trust    
  Shares or  
  Principal  
  Amount Value
 
 
INVESTMENT COMPANIES - 100.00%    
Affiliated Investment Companies - 100.00%    
Equity - 67.16%    
John Hancock Variable Insurance Trust (G) - 67.16%  
500 Index, Series NAV (John Hancock) (A)(2) 26,733,971 $ 262,260,256
International Index, Series NAV    
(John Hancock) (A)(2) 7,998,604 114,939,933
Mid Cap Index, Series NAV    
(John Hancock) (A)(2) 2,855,098 42,655,158
Small Cap Index, Series NAV    
(John Hancock) (A)(2) 1,597,792 18,310,697
Fixed Income - 32.84%    
John Hancock Variable Insurance Trust (G) - 32.84%  
Total Bond Market A,    
Series NAV (Declaration) (A) 14,682,411 214,216,371
 
    652,382,415
TOTAL INVESTMENT COMPANIES (Cost $624,230,150) $ 652,382,415
Total Investments (Core Strategy Trust)    
(Cost $624,230,150) - 100.00%   $ 652,382,415
Other assets and liabilities, net - 0.00%   (22,080)
TOTAL NET ASSETS - 100.00%   $ 652,360,335

 

Disciplined Diversification Trust  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 67.15%    
Consumer Discretionary - 8.57%    
 
Auto Components    
Aisin Seiki Company, Ltd. 900 $ 29,901
American Axle &    
Manufacturing Holdings, Inc. (I) 1,000 7,630
Amerigon, Inc. (I) 400 5,092
Amtek Auto, Ltd. 2,715 6,999
Autoliv, Inc. 1,400 67,900
Autoneum Holding AG (I) 46 2,773
Bharat Forge, Ltd. 2,488 13,468
BorgWarner, Inc. (I)(L) 1,600 96,848
Bosch, Ltd. 79 11,342
Bridgestone Corp. 3,000 68,023
Cheng Shin Rubber Industry Company, Ltd. 9,900 20,507
Cie Generale des Etablissements Michelin 1,321 78,888
Compagnie Plastic Omnium SA 1,125 26,496
Continental AG (I) 583 33,502
Cooper Tire & Rubber Company 800 8,712
Dana Holding Corp. (I) 2,163 22,712
Denso Corp. 2,400 76,924
Depo Auto Parts Industrial Company, Ltd. 3,000 5,423
Dongyang Mechatronics Corp. 810 9,531
Dorman Products, Inc. (I) 300 9,924
Drew Industries, Inc. 500 9,990
ElringKlinger AG 874 20,253
Exedy Corp. 200 7,545
Exide Industries, Ltd. 3,342 8,693
Exide Technologies (I) 1,700 6,800
Faurecia 464 9,897
FCC Company, Ltd. 500 10,377
Federal-Mogul Corp. (I) 1,500 22,125
Firma Oponiarska Debica SA 320 5,266
Fuel Systems Solutions, Inc. (I)(L) 300 5,763
Futaba Industrial Company, Ltd. 400 3,071
Gentex Corp. 1,900 45,695
GKN PLC 14,913 40,317
Hankook Tire Company, Ltd. 830 27,904
Hwa Shin Company, Ltd. 830 10,200
Hyundai Mobis 265 75,261
Johnson Controls, Inc. 6,264 165,182
Kayaba Industry Company, Ltd. 2,000 11,202
Keihin Corp. 300 5,135
Kenda Rubber Industrial Company, Ltd. 10,000 10,692
Koito Manufacturing Company, Ltd. 1,000 15,745
Lear Corp. 1,600 68,640
Leoni AG 304 9,752
Linamar Corp. 400 5,214
Magna International, Inc. 1,947 64,380
Minth Group, Ltd. 6,000 5,345
Modine Manufacturing Company (I) 1,300 11,778
Motherson Sumi Systems, Ltd. 2,741 9,871
Nan Kang Rubber Tire Company, Ltd. 8,501 13,544
Nexen Tire Corp. 1,090 17,442
NGK Spark Plug Company, Ltd. 1,000 13,538
NHK Spring Company, Ltd. 2,000 17,642
Nissin Kogyo Company, Ltd. 600 8,947
NOK Corp. 800 14,385
Nokian Renkaat OYJ 853 25,431
Pirelli & Company SpA 2,380 16,889
Plascar Participacoes Industriais SA (I) 700 800
Press Kogyo Company, Ltd. 1,000 4,462
Riken Corp. 1,000 4,155
S&T Dynamics Company, Ltd. 570 6,719
Sanden Corp. 1,000 3,476
Showa Corp. (I) 1,500 8,856

 

86

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Auto Components (continued)    
Sri Trang Agro-Industry PCL 7,000 $ 3,603
Standard Motor Products, Inc. 500 6,485
Stanley Electric Company, Ltd. 800 12,084
Stoneridge, Inc. (I) 200 1,044
Sumitomo Rubber Industries, Inc. 1,500 19,191
Superior Industries International, Inc. 500 7,725
Tachi-S Company, Ltd. 500 8,792
Takata Corp. 200 4,540
Tenneco, Inc. (I) 300 7,683
The Goodyear Tire & Rubber Company (I) 2,800 28,252
The Yokohama Rubber Company, Ltd. 2,000 11,601
Tianneng Power International, Ltd. 3,600 1,461
Tokai Rika Company, Ltd. 600 10,795
Tong Yang Industry Company, Ltd. 6,420 5,823
Topre Corp. 1,100 10,869
Toyoda Gosei Company, Ltd. 600 11,354
Toyota Boshoku Corp. 200 2,861
TRW Automotive Holdings Corp. (I) 2,300 75,279
TS Tech Company, Ltd. 300 4,375
UMW Holdings BHD 7,700 16,301
Valeo SA 771 32,376
Visteon Corp. (I) 600 25,800
Xinyi Glass Holdings Company, Ltd. 14,000 5,811
 
    1,765,079
 
Automobiles    
Astra International Tbk PT 11,500 81,223
AviChina Industry & Technology Co Ltd 8,000 2,415
Bajaj Auto, Ltd. 482 15,056
Bayerische Motoren Werke (BMW) AG 1,729 114,564
Brilliance China Automotive Holdings, Ltd. (I) 58,000 43,829
BYD Company, Ltd., Class H (I) 3,000 4,917
Daihatsu Motor Company, Ltd. 1,000 18,077
Daimler AG 4,973 220,276
Dongfeng Motor Group Company, Ltd. 28,000 37,108
DRB-Hicom BHD 17,200 9,256
Fiat SpA 4,991 26,974
Fleetwood Corp., Ltd. 1,862 20,053
Ford Motor Company (I) 24,900 240,783
Ford Otomotiv Sanayi AS 1,110 7,738
Fuji Heavy Industries, Ltd. 5,000 29,207
Geely Automobile Holdings Company, Ltd. 45,000 9,696
Great Wall Motor Company, Ltd. 10,000 11,168
Guangzhou Automobile Group Company, Ltd. 30,233 29,097
Harley-Davidson, Inc. 2,800 96,124
Hero Honda Motors, Ltd. 572 22,603
Honda Motor Company, Ltd. 8,600 252,152
Hyundai Motor Company, Ltd. 896 157,171
Immsi SpA 4,536 3,519
Isuzu Motors, Ltd. 8,000 34,253
Kia Motors Corp. 1,351 80,753
Mahindra & Mahindra, Ltd. 2,490 40,602
Maruti Suzuki India, Ltd. 284 6,461
Mazda Motor Corp. (I)(L) 9,000 18,118
Mitsubishi Motors Corp. (I) 19,000 25,099
Nissan Motor Company, Ltd. 11,200 98,977
Peugeot SA 1,042 22,170
Proton Holdings BHD 5,500 4,725
Renault SA 1,576 52,236
Sanyang Industrial Company, Ltd. 44,520 24,319
Suzuki Motor Corp. 1,800 39,596
TAN Chong Motor Holdings BHD 2,300 3,183
Tesla Motors, Inc. (I)(L) 1,200 29,268
Thor Industries, Inc. 700 15,505
Tofas Turk Otomobil Fabrik AS 1,937 6,862
Toyota Motor Corp. 2,200 75,206

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Automobiles (continued)    
Toyota Motor Corp. (L) 6,200 $ 423,212
Volkswagen AG 295 36,560
Winnebago Industries, Inc. (I) 400 2,768
Yamaha Motor Company, Ltd. (I) 2,600 34,052
Yulon Motor Company, Ltd. 9,000 16,747
 
    2,543,678
 
Chemicals    
Nifco, Inc. 200 5,126
 
Distributors    
Audiovox Corp., Class A (I) 700 3,843
Canon Sales Company, Inc. 700 8,497
Cfao Sa 4 143
Core-Mark Holding Company, Inc. 100 3,063
D’ieteren SA 280 13,938
Dah Chong Hong Holdings, Ltd. 8,000 7,983
Delticom AG 67 5,804
Dogus Otomotiv Servis ve Ticaret AS (I) 2,597 5,895
Doshisha Company, Ltd. 300 8,637
Genuine Parts Company 2,200 111,760
Headlam Group PLC 474 1,807
Imperial Holdings, Ltd. 1,333 17,328
Inchcape PLC 4,402 19,057
Jardine Cycle and Carriage, Ltd. 1,000 31,744
Li & Fung, Ltd. 16,000 26,388
LKQ Corp. (I) 1,800 43,488
Oceanus Group, Ltd. (I) 21,000 1,987
Pacific Brands, Ltd. 5,817 3,713
Pool Corp. 700 18,326
Silver Base Group Holdings, Ltd. 3,000 2,634
Smiths News PLC 5,009 6,655
Test-Rite International Company, Ltd. 14,000 9,943
Uni-Select, Inc. 200 5,000
Yokohama Reito Company, Ltd. 1,000 7,587
 
    365,220
 
Diversified Consumer Services    
Advtech, Ltd. 11,287 7,764
American Public Education, Inc. (I) 200 6,800
Anhanguera Educacional Participacoes SA 800 10,297
Apollo Group, Inc., Class A (I) 800 31,688
Ascent Media Corp., Class A (I) 200 7,864
Benesse Holdings, Inc. 400 17,622
Bridgepoint Education, Inc. (I)(L) 500 8,720
Cambium Learning Group, Inc. (I) 4,211 12,591
Capella Education Company (I) 300 8,514
Career Education Corp. (I)(L) 1,300 16,965
Coinstar, Inc. (I)(L) 500 20,000
Corinthian Colleges, Inc. (I)(L) 1,100 1,716
DeVry, Inc. 912 33,708
Educomp Solutions, Ltd. 690 3,277
Estacio Participacoes SA 700 6,143
Grand Canyon Education, Inc. (I) 600 9,690
H&R Block, Inc. (L) 2,100 27,951
Hillenbrand, Inc. 900 16,560
ITT Educational Services, Inc. (I)(L) 500 28,790
Jackson Hewitt Tax Service, Inc. (I) 100 1
K12, Inc. (I) 500 12,730
Kroton Educacional SA (I) 400 3,819
Learning Tree International, Inc. (I) 300 2,196
Lincoln Educational Services Corp. 400 3,236
Mac-Gray Corp. 400 5,164
Matthews International Corp., Class A 400 12,304
Navitas, Ltd. 2,006 7,397
Raffles Education Corp., Ltd. 7,333 2,475

 

87

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Diversified Consumer Services (continued)    
Regis Corp. 1,100 $ 15,499
Service Corp. International 3,200 29,312
Sotheby’s 800 22,056
Steiner Leisure, Ltd. (I) 200 8,154
Stewart Enterprises, Inc., Class A (L) 1,600 9,520
Strayer Education, Inc. (L) 300 23,001
Universal Technical Institute, Inc. (I) 300 4,077
Weight Watchers International, Inc. 1,100 64,075
 
    501,676
 
Hotels, Restaurants & Leisure    
Accor SA 755 20,096
AFC Enterprises, Inc. (I) 500 5,915
Ajisen China Holdings, Ltd. 8,000 9,159
Alsea SAB de CV 5,300 3,860
Ambassadors Group, Inc. 200 1,146
Ameristar Casinos, Inc. 1,000 16,050
Amrest Holdings SE (I) 371 7,501
Aristocrat Leisure, Ltd. 3,696 7,368
Associated International Hotels, Ltd. 2,000 3,647
Atom Corp. (I) 2,500 8,725
Autogrill SpA 1,195 12,010
Bally Technologies, Inc. (I) 700 18,886
Berjaya Sports Toto BHD 3,642 4,825
Betsson Abbetsson AB (I) 583 10,891
Biglari Holdings, Inc. (I) 25 7,410
BJ’s Restaurants, Inc. (I) 300 13,233
Bob Evans Farms, Inc. 500 14,260
Boyd Gaming Corp. (I) 1,600 7,840
Brinker International, Inc. 1,600 33,472
Buffalo Wild Wings, Inc. (I) 300 17,940
Cafe de Coral Holdings, Ltd. 2,000 4,718
Carnival Corp. 6,000 181,800
Carnival PLC 1,500 46,185
CEC Entertainment, Inc. 300 8,541
China Energy Development Holdings, Ltd. (I) 160,000 2,204
China Travel International Investment    
Hong Kong, Ltd. 22,000 2,827
Chipotle Mexican Grill, Inc. (I)(L) 300 90,885
Choice Hotels International, Inc. (L) 900 26,748
Churchill Downs, Inc. 200 7,806
City Lodge Hotels, Ltd. 313 2,421
Club Mediterranee SA (I) 311 5,356
Colowide Company, Ltd. 1,500 9,761
Compass Group PLC 12,919 104,469
Cracker Barrel Old Country Store, Inc. 300 12,024
Crown, Ltd. 3,414 26,014
Darden Restaurants, Inc. 1,600 68,400
DineEquity, Inc. (I) 300 11,547
Domino’s Pizza Enterprises, Ltd. 475 3,002
Domino’s Pizza, Inc. (I) 900 24,525
Doutor Nichires Holdings Company, Ltd. 700 8,842
Echo Entertainment Group, Ltd. (I) 5,372 18,762
Einstein Noah Restaurant Group, Inc. 400 5,132
Enterprise Inns PLC (I) 1,488 768
Euro Disney SCA (I) 1,146 7,096
Flight Centre, Ltd. 476 7,728
Fuji Kyuko Company, Ltd. 2,000 12,803
Galaxy Entertainment Group, Ltd. (I) 6,000 8,429
Gaylord Entertainment Company (I) 900 17,406
Genting BHD 10,800 30,568
Genting Singapore PLC (I) 25,000 29,053
Great Canadian Gaming Corp. (I) 400 2,924
Greene King PLC 1,452 9,809
HIS Company, Ltd. 400 11,792
Hotel Properties, Ltd. 2,000 3,100

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Hotels, Restaurants & Leisure (continued)    
Hotel Shilla Company, Ltd. 460 $ 13,635
Hyatt Hotels Corp., Class A (I) 500 15,685
Indian Hotels Company, Ltd. 1,727 2,489
Intercontinental Hotels Group PLC 2,200 35,376
International Game Technology 2,400 34,872
International Speedway Corp., Class A 500 11,420
Interval Leisure Group, Inc. (I) 720 9,590
Intralot SA-integrated Lottery Systems    
& Services 1,792 2,077
Isle of Capri Casinos, Inc. (I) 600 2,904
J.D. Wetherspoon PLC 642 3,876
Jack in the Box, Inc. (I) 900 17,928
Jollibee Foods Corp. 6,100 11,730
Kangwon Land, Inc. 910 20,562
Kappa Create Company, Ltd. 350 7,794
KFC Holdings Malaysia BHD 4,700 4,840
Kisoji Company, Ltd. 400 7,530
Krispy Kreme Doughnuts, Inc. (I) 1,400 9,548
Kuoni Reisen Holding AG (I) 39 11,690
Ladbrokes PLC 7,440 13,738
Las Vegas Sands Corp. (I) 6,100 233,874
Life Time Fitness, Inc. (I) 800 29,480
Lottomatica SpA (I) 447 6,976
Luby’s, Inc. (I) 139 570
Marcus Corp. 300 2,985
Marriott International, Inc., Class A 2,429 66,166
Marston’s PLC 2,935 4,244
McCormick & Schmick’s    
Seafood Restaurants, Inc. (I) 222 1,536
McDonald’s Corp. 6,900 605,958
MGM Resorts International (I)(L) 5,300 49,237
Millennium & Copthorne Hotels PLC 2,080 12,929
Minor International PCL, Foreign Shares 31,600 10,471
Mitchells & Butlers PLC (I) 4,567 16,634
Monarch Casino & Resort, Inc. (I) 200 1,956
MOS Food Services, Inc. 500 10,199
Multimedia Games Holding Company, Inc. (I) 1,200 4,848
NH Hoteles SA (I) 580 2,393
OPAP SA 1,350 13,697
Orbis SA (I) 719 7,952
Orient Express Hotels, Ltd., Class A (I) 1,400 9,674
Oriental Land Company, Ltd. 300 32,013
Overseas Union Enterprise, Ltd. 5,000 8,113
P.F. Chang’s China Bistro, Inc. (L) 300 8,172
Paddy Power PLC 155 7,976
Panera Bread Company, Class A (I) 400 41,576
Papa John’s International, Inc. (I) 500 15,200
PartyGaming PLC 7,836 14,936
Peet’s Coffee & Tea, Inc. (I)(L) 200 11,128
Penn National Gaming, Inc. (I) 1,200 39,948
Pierre & Vacances SA 194 7,750
Pinnacle Entertainment, Inc. (I) 1,500 13,620
Punch Taverns PLC (I) 1,433 249
Red Robin Gourmet Burgers, Inc. (I) 400 9,636
Resorts World BHD 19,800 21,523
Restaurant Group PLC 2,413 10,271
Rezidor Hotel Group AB (I) 1,181 3,429
Round One Corp. 1,400 10,115
Royal Caribbean Cruises, Ltd. 3,900 84,396
Royal Holdings Company, Ltd. 700 8,042
Ruby Tuesday, Inc. (I) 1,200 8,592
Ruth’s Hospitality Group, Inc. (I) 900 3,861
Saizeriya Company, Ltd. 800 14,455
Sands China, Ltd. (I) 10,000 23,000
Scientific Games Corp., Class A (I) 1,200 8,544
Shangri-La Asia, Ltd. 10,833 20,383

 

88

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Hotels, Restaurants & Leisure (continued)    
Shuffle Master, Inc. (I) 1,100 $ 9,251
Six Flags Entertainment Corp. (L) 800 22,176
SJM Holdings, Ltd. 12,000 20,888
SkiStar AB 355 4,789
Sky City Entertainment Group, Ltd. 8,173 20,574
Sodexo 484 31,893
Sol Melia SA 724 4,775
Sonic Corp. (I) 600 4,242
Speedway Motorsports, Inc. 700 8,456
Spirit Pub Company PLC (I) 1,433 793
St. Marc Holdings Company, Ltd. 300 11,976
Star Cruises, Ltd. (I) 54,000 15,951
Starbucks Corp. 4,800 178,992
Starwood Hotels & Resorts Worldwide, Inc. 2,100 81,522
Sun International, Ltd. 1,358 13,597
TABCORP Holdings, Ltd. 5,372 13,294
Tattersall’s, Ltd. 10,220 21,868
Texas Roadhouse, Inc., Class A 1,200 15,864
The Ambassador Hotel 9,000 10,280
The Cheesecake Factory, Inc. (I) 800 19,720
The Hongkong & Shanghai Hotels, Ltd. 8,182 11,175
The Wendy’s Company 6,304 28,935
Thomas Cook Group PLC 3,890 2,388
Tim Hortons, Inc. 1,400 65,077
Tokyo Dome Corp. (I) 3,000 6,853
TUI AG (I) 2,754 14,089
TUI Travel PLC 4,353 10,031
Vail Resorts, Inc. 700 26,453
Whitbread PLC 1,746 42,780
William Hill PLC 6,637 23,320
WMS Industries, Inc. (I) 700 12,313
Wyndham Worldwide Corp. 3,000 85,530
Wynn Macau, Ltd. 4,400 10,111
Wynn Resorts, Ltd. 1,100 126,588
Yum! Brands, Inc. 3,300 162,987
Zensho Company, Ltd. 700 9,850
 
    3,943,051
 
Household Durables    
Aga Rangemaster Group PLC 3,162 4,128
Alpine Electronics, Inc. 900 11,554
Arcelik AS 2,206 8,656
Bang & Olufsen A/S (I) 260 2,839
Barratt Developments PLC (I) 569 689
Beazer Homes USA, Inc. (I)(L) 900 1,359
Bellway PLC 1,862 17,976
Berkeley Group Holdings PLC (I) 769 14,199
Blyth, Inc. 250 13,863
Bovis Homes Group PLC 816 5,115
Brookfield Incorporacoes SA 4,400 12,917
Brookfield Residential Properties, Inc. (I) 152 1,011
Casio Computer Company, Ltd. 2,000 12,662
Cavco Industries, Inc. (I) 100 3,444
Chofu Seisakusho Company, Ltd. 400 11,409
Consorcio ARA SAB de CV 6,000 1,700
Corporacion GEO SAB de CV (I) 12,300 15,902
Cyrela Brazil Realty SA 2,800 17,438
D.R. Horton, Inc. 4,100 37,064
Desarrolladora Homex SAB de CV (I) 2,400 5,417
Dorel Industries, Inc., Class B 200 4,256
Duni AB 351 2,642
Ekornes ASA 233 4,077
Electrolux AB 1,989 29,157
Ethan Allen Interiors, Inc. 400 5,444
Even Construtora e Incorporadora SA 1,800 5,122
EZ Tec Empreendimentos e Participacoes SA 1,100 7,254

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Household Durables (continued)    
Fiskars Corp. 285 $ 5,366
Forbo Holding AG (I) 23 9,018
Fortune Brands, Inc. 2,100 113,568
France Bed Holdings Company, Ltd. 5,000 8,231
Furniture Brands International, Inc. (I) 300 618
Gafisa SA 3,000 8,568
Garmin, Ltd. (L) 2,500 79,425
GUD Holdings, Ltd. 2,068 14,118
Haier Electronics Group Company, Ltd. (I) 16,000 10,755
Harman International Industries, Inc. 1,100 31,438
Haseko Corp. (I) 7,000 4,395
Helen of Troy, Ltd. (I) 500 12,560
Hitachi Koki Company, Ltd. 800 5,982
Hooker Furniture Corp. 200 1,810
Hunter Douglas NV 39 1,557
Husqvarna AB, B Shares 3,585 14,473
Husqvarna AB, Series A 1,070 4,307
iRobot Corp. (I) 500 12,580
Jarden Corp. 1,500 42,390
JM AB 800 10,225
JVC Kenwood Holdings, Ltd. (I) 1,800 7,157
KB Home (L) 1,200 7,032
Kid Brands, Inc. (I) 200 528
La-Z-Boy, Inc. (I) 2,000 14,820
Leggett & Platt, Inc. 2,200 43,538
Lennar Corp., Class A 2,400 32,496
Lennar Corp., Class B 500 5,110
LG Electronics, Inc. 659 37,691
Libbey, Inc. (I) 400 4,216
M/I Homes, Inc. (I) 300 1,803
Matsushita Electric Industrial Company, Ltd. 13,300 128,547
MDC Holdings, Inc. 700 11,858
Meritage Homes Corp. (I) 400 6,056
Mohawk Industries, Inc. (I) 1,200 51,492
MRV Engenharia e Participacoes SA 2,200 11,268
Newell Rubbermaid, Inc. 3,900 46,293
Nexity SA 201 5,560
Nobia AB (I) 4,653 15,962
NVR, Inc. (I)(L) 100 60,398
Pace Micro Technology PLC 2,180 3,218
PanaHome Corp. 1,000 6,810
PDG Realty SA Empreendimentos    
e Participacoes 4,800 15,649
Persimmon PLC 5,286 37,340
PIK Group, GDR (I) 572 1,870
Pioneer Corp. (I) 3,400 14,240
Pulte Group, Inc. (I) 5,100 20,145
Redrow PLC (I) 1,082 1,869
Rinnai Corp. 300 25,075
Rossi Residencial SA 4,800 22,414
Ryland Group, Inc. 900 9,585
Sampo Corp. 30,000 7,200
Sealy Corp. (I) 1,200 1,776
SEB SA 170 13,679
Sekisui Chemical Company, Ltd. 4,000 33,573
Sekisui House, Ltd. 6,000 56,550
Sharp Corp. 6,000 50,376
Shell Electric    
Manufacturing Company, Ltd. (I) 4,000 2,476
Skyline Corp. 100 955
Skyworth Digital Holdings, Ltd. 6,000 2,001
Sony Corp. 3,300 63,331
Sony Corp. (L) 2,600 49,400
Standard Pacific Corp. (I) 2,300 5,681
Steinhoff International Holdings, Ltd. (I) 11,390 31,560
Sumitomo Forestry Company, Ltd. 1,300 11,316

 

89

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Household Durables (continued)    
Superb Summit International    
Timber Company, Ltd. (I) 89,000 $ 2,694
Tatung Company, Ltd. (I) 10,000 3,682
Taylor Wimpey PLC (I) 12,083 6,554
TCL Multimedia    
Technology Holdings, Ltd. (I) 12,000 3,173
Techtronic Industries Company 11,000 7,384
Tecnisa SA 1,800 8,826
Tempur-Pedic International, Inc. (I) 1,000 52,610
Token Corp. 120 4,752
Toll Brothers, Inc. (I) 2,900 41,847
TomTom NV (I) 237 834
Tupperware Brands Corp. 1,000 53,740
Turk Sise ve Cam Fabrikalari AS 7,878 15,036
Universal Electronics, Inc. (I) 100 1,639
Urbi Desarrollos Urbanos SAB de CV (I) 6,600 8,895
Videocon Industries, Ltd. 482 1,652
Viver Incorporadora e Construtora SA (I) 1,300 1,556
Vodone, Ltd. 28,000 2,036
Whirlpool Corp. 1,300 64,883
Woongjin Conway Company, Ltd. 680 21,515
 
    1,931,900
 
Industrial Conglomerates    
Melco International Development 12,000 7,667
 
Internet & Catalog Retail    
Amazon.com, Inc. (I) 3,000 648,690
ASKUL Corp. 400 5,723
B2W Companhia Global Do Varejo 300 2,345
Blue Nile, Inc. (I)(L) 300 10,584
CDON Group AB (I) 496 1,812
Home Retail Group PLC 5,710 9,912
HSN, Inc. 1,020 33,793
Liberty Media Corp. - Interactive, Series A (I) 9,300 137,361
Mutow Company, Ltd. 400 1,335
N. Brown Group PLC 922 3,845
Netflix, Inc. (I) 500 56,580
NutriSystem, Inc. 300 3,633
Orbitz Worldwide, Inc. (I) 700 1,519
Overstock.com, Inc. (I) 200 1,854
PetMed Express, Inc. 300 2,700
priceline.com, Inc. (I) 500 224,730
Shutterfly, Inc. (I) 600 24,708
US Auto Parts Network, Inc. (I) 700 3,549
Wotif.com Holdings, Ltd. 1,550 5,870
Yoox Spa (I) 691 8,840
 
    1,189,383
 
Leisure Equipment & Products    
Accell Groupaccell Group 148 3,356
Altek Corp. 4,080 4,060
Amer Sports OYJ 1,470 18,522
Asia Optical Company, Inc. (I) 5,000 5,403
Brunswick Corp. 940 13,198
Callaway Golf Company 1,000 5,170
Eastman Kodak Co. (I)(L) 3,608 2,815
Forjas Taurus SA 139 141
Giant Manufacturing Company, Ltd. 3,000 11,022
Hasbro, Inc. 1,400 45,654
Heiwa Corp. 700 12,392
Jakks Pacific, Inc. 200 3,790
Leapfrog Enterprises, Inc. (I) 1,000 3,370
Mattel, Inc. 3,937 101,929
Mizuno Corp. 1,000 5,173
Namco Bandai Holdings, Inc. 1,400 18,913

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Leisure Equipment & Products (continued)    
Nikon Corp. 1,300 $ 30,547
Noritsu Koki Company, Ltd. (I) 100 494
Polaris Industries, Inc. 1,000 49,970
Roland Corp. 400 3,017
Sankyo Company, Ltd. 400 21,579
SEGA SAMMY HOLDINGS, INC. 1,100 25,692
Shimano, Inc. 400 21,153
Smith & Wesson Holding Corp. (I) 1,700 4,284
Steinway Musical Instruments, Inc. (I) 100 2,156
Sturm Ruger & Company, Inc. 300 7,794
Trigano SA 184 3,366
Yamaha Corp. 1,700 18,349
 
    443,309
 
Media    
Aegis Group PLC (I) 13,519 25,967
Alma Media OYJ 1,123 9,103
Amalgamated Holdings, Ltd. 3,424 18,752
AMC Networks, Inc. (I) 525 16,774
Antena 3 de Television SA (L) 49 285
APN News & Media, Ltd. 2,128 1,707
Arbitron, Inc. 400 13,232
ASATSU-DK, Inc. 200 5,493
Astral Media, Inc. 600 18,649
Austar United Communications, Ltd. (I) 5,902 6,553
Avex Group Holdings, Inc. 800 9,738
Axel Springer AG 261 8,788
BEC World PCL 10,000 11,822
Belo Corp., Class A 600 2,934
British Sky Broadcasting Group PLC 1,500 61,890
Cablevision Systems Corp., Class A 2,100 33,033
Caltagirone Editore SpA 265 459
CBS Corp. 600 12,366
CBS Corp., Class B 6,900 140,622
Charter Communications, Inc., Class A (I) 100 4,684
Cheil Worldwide, Inc. 1,250 19,603
Cinemark Holdings, Inc. 2,200 41,536
Cineplex, Inc. 22 552
Cineworld Group PLC 2,556 7,161
CJ CGV Company, Ltd. 460 9,086
Clear Channel Outdoor    
Holdings, Inc., Class A (I) 500 4,680
Cogeco Cable, Inc. 400 18,227
Cogeco, Inc. 400 16,796
Comcast Corp., Class A 24,254 506,909
Comcast Corp., Special Class A 8,384 173,465
Consolidated Media Holdings, Ltd. 4,541 10,401
Corus Entertainment, Inc. 1,200 22,617
CTC Media, Inc. 1,500 13,350
CTS Eventim AG 131 3,901
Daily Mail & General Trust PLC 3,091 17,415
Dentsu, Inc. 600 18,976
DIRECTV, Class A (I) 7,920 334,620
Discovery Communications, Inc., Series A (I) 1,700 63,954
Discovery Communications, Inc., Series C (I) 1,800 63,270
DISH Network Corp. (I) 1,800 45,108
Dish TV India, Ltd. (I) 3,527 5,556
Dogan Yayin Holding AS (I) 16,442 5,716
DreamWorks Animation SKG, Inc. (I)(L) 1,000 18,180
Eniro AB (I) 889 1,725
Entercom Communications Corp., Class A (I) 700 3,675
eSun Holdings, Ltd. (I) 46,000 8,276
Eutelsat Communications 618 24,825
EW Scripps Company (I) 800 5,600
Fisher Communications, Inc. (I) 100 2,234
Fuji Television Network, Inc. 5 7,172

 

90

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Media (continued)    
Gannett Company, Inc. 2,600 $ 24,778
Gestevision Telecinco SA 1,438 8,165
Glacier Media, Inc. 600 1,162
Global Mediacom Tbk PT 52,500 4,857
Gray Television, Inc. (I) 1,400 2,184
Groupe Aeroplan, Inc. 2,900 33,016
Grupo Televisa SA, ADR 3,640 66,940
Gruppo Editoriale L’Espresso SpA 2,310 3,669
Hakuhodo DY Holdings, Inc. 210 12,183
Harte-Hanks, Inc. 1,400 11,872
Havas SA 9,811 35,760
Hurriyet Gazetecilik AS (I) 6,741 3,427
Ilkka-Yhtyma OYJ 259 2,211
Imax Corp. (I) 300 4,349
Informa PLC 5,662 28,791
Ipsos SA 285 9,204
ITV PLC (I) 38,008 34,873
Jagran Prakashan, Ltd. 329 733
JCDecaux SA (I) 642 15,925
John Fairfax Holdings, Ltd. (L) 23,506 18,489
John Wiley & Sons, Inc. 700 31,094
Johnston Press PLC (I) 3,508 261
Journal Communications, Inc., Class A (I) 1,100 3,267
Kabel Deutschland Holding AG (I) 228 12,290
Kinepolis Group NV (I) 353 26,128
Knology, Inc. (I) 800 10,384
Lagardere SCA 829 20,338
Lamar Advertising Company, Class A (I) 1,100 18,733
Liberty Global, Inc., Series A (I) 2,300 83,214
Liberty Global, Inc., Series C (I) 1,800 62,298
Liberty Media Corp. - Liberty Capital, Series A    
(I) 1,800 119,016
Liberty Media Corp. - Starz, Series A (I) 720 45,763
LIN TV Corp., Class A (I) 700 1,526
Live Nation Entertainment, Inc. (I) 2,176 17,430
M6-Metropole Television SA 679 11,043
Media General, Inc., Class A (I) 500 955
Media Prima BHD 14,100 9,619
Mediaset SpA 4,833 15,174
Megacable Holdings SAB de CV (I) 7,800 14,961
Meredith Corp. (L) 500 11,320
Modern Times Group AB, B Shares 496 19,803
Mondadori (Arnoldo) Editore SpA 2,250 4,766
Morningstar, Inc. 600 33,864
Naspers, Ltd., ADR 1,832 79,302
National CineMedia, Inc. 700 10,157
News Corp., Class A 17,400 269,178
News Corp., Class B 5,700 88,863
NRJ Group 256 2,412
Omnicom Group, Inc. 2,065 76,075
Outdoor Channel Holdings, Inc. (I) 300 1,716
PagesJaunes Groupe (L) 975 3,837
Pearson PLC 7,100 124,321
Premiere AG (I) 4,951 12,771
Promotora de Informaciones SA (I) 515 551
Publicis Groupe SA 872 36,508
PubliGroupe SA 25 3,309
Quebecor, Inc. 300 9,505
REA Group, Ltd. 226 2,523
Reed Elsevier NV 3,913 42,790
Reed Elsevier PLC 1,800 54,756
Regal Entertainment Group (L) 1,700 19,958
Rentrak Corp. (I) 200 2,518
Rightmove PLC 2,571 47,772
Sanoma OYJ (L) 694 8,157
Schibsted ASA 400 8,552

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Media (continued)    
Scholastic Corp. 400 $ 11,212
Scripps Networks Interactive, Inc., Class A 1,100 40,887
Seat Pagine Gialle SpA (I) 662 34
SES SA 1,361 33,047
Shaw Communications, Inc., Class B 2,000 40,576
Shochiku Company, Ltd. 1,000 9,422
Shree Ashtavinyak Cine Vision, Ltd. (I) 9,206 1,045
Sinclair Broadcast Group, Inc., Class A 1,000 7,170
Singapore Press Holdings, Ltd. 11,000 31,437
Sky Network Television, Ltd. 4,694 19,313
Sky Perfect JSAT Corp. 16 8,316
Societe Television Francaise 400 4,970
Southern Cross Media Group, Ltd. 20,057 18,322
STW Communications Group, Ltd. 4,307 3,726
Sun TV Network, Ltd. 1,006 4,728
Surya Citra Media Tbk PT 15,000 10,124
Tamedia AG (I) 61 7,933
Telegraaf Media Groep NV 304 4,039
Television Broadcasting Company, Ltd. 3,000 16,356
Ten Network Holdings, Ltd. (I) 7,565 6,366
The Interpublic Group of Companies, Inc. 6,700 48,240
The Madison Square Garden, Inc., Class A (I) 1,025 23,370
The McClatchy Company, Class A (I)(L) 800 1,072
The McGraw-Hill Companies, Inc. 2,600 106,600
The New York Times Company, Class A (I)(L) 1,400 8,134
The Walt Disney Company 17,566 529,791
The Washington Post Company, Class B (L) 200 65,394
Thomson Corp. 2,212 59,949
Time Warner Cable, Inc. 3,940 246,920
Time Warner, Inc. 12,633 378,611
Toho Company, Ltd. 500 8,732
Tokyo Broadcasting Company, Ltd. 600 7,376
Torstar Corp. 400 3,031
Trinity Mirror PLC (I) 1,806 1,148
TV Azteca SA de CV (I) 15,400 8,195
TVN SA 1,226 5,267
United Business Media, Ltd. 2,888 20,101
Valassis Communications, Inc. (I) 700 13,118
Viacom, Inc. 400 19,344
Viacom, Inc., Class B 5,100 197,574
Virgin Media, Inc. 1,500 36,525
Vivendi SA 8,193 167,281
Vocento SA (I) 703 1,869
West Australian Newspapers Holdings, Ltd. 748 1,841
Westwood One, Inc. (I) 103 374
Wolters Kluwer NV 2,307 37,359
Woongjin Holdings Company, Ltd. (I) 780 3,968
Woongjin Thinkbig Company, Ltd. 440 5,981
World Wrestling    
Entertainment, Inc., Class A (L) 500 4,455
WPP PLC, ADR 1,402 64,562
Yell Group PLC (I)(L) 10,556 669
Yellow Media, Inc. (L) 620 92
Zee Entertainment Enterprises, Ltd. 5,688 13,498
Zee Learn, Ltd. (I) 711 277
Zenrin Company, Ltd. 500 4,930
Zon Multimedia SA 2,647 8,023
 
    6,061,497
 
Multiline Retail    
99 Cents Only Stores (I) 700 12,894
Aeon Company BHD 3,500 7,389
Big Lots, Inc. (I) 1,200 41,796
Canadian Tire Corp., Ltd. 600 32,637
Clicks Group, Ltd. 2,382 11,049
David Jones, Ltd. 3,562 10,160

 

91

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Multiline Retail (continued)    
Debenhams PLC 18,950 $ 16,470
Dillard’s, Inc., Class A 1,600 69,568
Dollar Tree, Inc. (I) 1,500 112,665
Dollarama, Inc. 362 12,540
Don Quijote Company, Ltd. 200 7,148
El Puerto de Liverpool SAB de CV 1,200 7,743
Empresas La Polar SA 2,561 2,099
Family Dollar Stores, Inc. 1,400 71,204
Far Eastern Department Stores Company, Ltd. 12,309 15,965
Fred’s, Inc., Class A 900 9,594
H20 Retailing Corp. 1,000 7,970
Harvey Norman Holding, Ltd. 5,854 12,033
Hyundai Department Store Company, Ltd. 157 21,609
Hyundai H & S Company, Ltd. 990 11,793
Indiabulls Wholesale Services, Ltd. (I) 504 42
Isetan Mitsukoshi Holdings, Ltd. 3,500 35,321
Izumi Company, Ltd. 700 10,827
J Front Retailing Company, Ltd. 5,000 23,754
J.C. Penney Company, Inc. (L) 3,200 85,696
Kohl’s Corp. 2,742 134,632
Lifestyle International Holdings, Ltd. 4,500 11,234
Lojas Americanas SA 1,324 8,795
Lojas Renner SA 1,500 40,407
Lotte Shopping Company, Ltd. 69 23,069
Macy’s, Inc. 6,100 160,552
Marisa Lojas SA 1,200 13,843
Marks & Spencer Group PLC 11,372 55,284
Marui Company, Ltd. 2,800 21,041
Matsuya Company, Ltd. (I) 500 3,210
Metro Holdings, Ltd. 12,000 5,938
Mitra Adiperkasa Tbk PT 6,000 2,908
Mothercare PLC 561 2,735
Myer Holdings, Ltd. 6,514 12,682
New World Department Store China, Ltd. 8,000 4,424
Next PLC 1,681 65,799
Nordstrom, Inc. 1,900 86,792
Parco Company, Ltd. 1,300 10,134
Parkson Holdings BHD 5,712 10,102
Parkson Retail Group, Ltd. 15,000 17,731
PCD Stores Group, Ltd. 16,000 1,949
PPR 493 63,597
Ramayana Lestari Sentosa Tbk PT 106,000 8,175
Ripley Corp., SA 7,726 6,244
Ryohin Keikaku Company, Ltd. 300 16,576
SACI Falabella 1,614 12,883
Saks, Inc. (I)(L) 2,500 21,875
Sears Holdings Corp. (I)(L) 1,100 63,272
Stockmann OYJ Abp, Series B 271 4,545
Takashimaya Company, Ltd. 3,000 21,823
Target Corp. 6,500 318,760
The Reject Shop, Ltd. 168 1,528
Tuesday Morning Corp. (I) 900 3,168
Wing On Company International, Ltd. 4,000 7,662
Woolworths Holdings, Ltd. 7,995 34,494
 
    1,927,829
 
Professional Services    
GFK AG 202 7,502
 
Specialty Retail    
Aaron’s, Inc. 1,050 26,513
ABC-MART, Inc. 100 3,840
Abercrombie & Fitch Company, Class A 1,400 86,184
Advance Auto Parts, Inc. 1,000 58,100
Aeropostale, Inc. (I) 1,297 14,021
American Eagle Outfitters, Inc. 2,679 31,398

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Specialty Retail (continued)    
Americas Car-Mart, Inc. (I) 200 $ 5,804
ANN, Inc. (I) 1,200 27,408
Aoyama Trading Company, Ltd. 900 15,566
ARB Corp., Ltd. 509 3,968
Asbury Automotive Group, Inc. (I) 500 8,245
Ascena Retail Group, Inc. (I) 1,100 29,777
Autobacs Seven Company, Ltd. 300 13,417
Automotive Holdings Group 3,452 6,349
AutoNation, Inc. (I)(L) 1,900 62,282
AutoZone, Inc. (I) 500 159,595
Barnes & Noble, Inc. (L) 1,000 11,830
Bebe Stores, Inc. 1,500 10,080
Bed Bath & Beyond, Inc. (I) 1,800 103,158
Belle International Holdings, Ltd. 23,000 39,358
Best Buy Company, Inc. 3,100 72,230
Best Denki Company, Ltd. (I) 500 1,414
Beter Bed Holding NV 234 4,255
Big 5 Sporting Goods Corp. 400 2,432
Bilia AB 225 2,856
BMTC Group, Inc., Class A (I) 200 4,304
Brown Shoe Company, Inc. 800 5,696
Build-A-Bear Workshop, Inc. (I) 600 3,060
Cabela’s, Inc. (I) 1,200 24,588
CarMax, Inc. (I)(L) 2,800 66,780
Casual Male Retail Group, Inc. (I) 800 3,008
Charles Voegele Holding AG (I) 176 5,292
Charming Shoppes, Inc. (I) 2,600 6,760
Chico’s FAS, Inc. 2,300 26,289
Chiyoda Company, Ltd. 200 3,351
Christopher & Banks Corp. 700 2,471
Citi Trends, Inc. (I) 300 3,531
Clas Ohlson AB 376 4,084
Coldwater Creek, Inc. (I) 1,100 1,375
Collective Brands, Inc. (I)(L) 1,300 16,848
Conn’s, Inc. (I) 988 7,094
DCM Japan Holdings Company, Ltd. 1,400 12,210
Destination Maternity Corp. 800 10,296
Dick’s Sporting Goods, Inc. (I) 1,200 40,152
Dickson Concepts International, Ltd. 7,500 3,550
Dixons Retail PLC (I) 27,929 4,957
Douglas Holding AG 377 14,897
DSW, Inc., Class A 1,286 59,387
Dufry Group AG (I) 164 14,304
Dunelm Group PLC 675 4,944
EDION Corp. 500 4,175
Enm Holdings, Ltd. (I) 96,000 3,078
Esprit Holdings, Ltd. (I) 7,313 8,919
Etam Developpement SA (I) 178 3,413
Express, Inc. 1,100 22,319
Fast Retailing Company, Ltd. 200 35,813
Fielmann AG 101 10,141
Foot Locker, Inc. 2,300 46,207
Fourlis SA (I) 160 621
Game Group PLC 4,942 1,811
GameStop Corp., Class A (I)(L) 2,300 53,130
Genesco, Inc. (I) 400 20,612
Giordano International, Ltd. 8,000 5,226
GOME Electrical Appliances Holdings, Ltd. 74,000 17,025
Group 1 Automotive, Inc. 500 17,775
Grupo Elektra SA de CV 460 34,994
Guess?, Inc. 1,500 42,735
Halfords Group PLC 3,088 13,949
Haverty Furniture Companies, Inc. 300 2,997
Hennes & Mauritz AB, B Shares 3,657 109,239
hhgregg, Inc. (I)(L) 500 4,875
Hibbett Sports, Inc. (I) 400 13,556

 

92

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Specialty Retail (continued)    
Hikari Tsushin, Inc. 400 $ 9,462
HMV Group PLC (I) 2,045 158
Home Depot, Inc. 13,104 430,728
HOT Topic, Inc. 1,000 7,630
Howden Joinery Group PLC (I) 1,766 2,809
Inditex SA 970 83,069
JB Hi-Fi, Ltd. 480 6,952
JD Group, Ltd. 2,907 13,715
Jos A. Bank Clothiers, Inc. (I) 300 13,989
Joshin Denki Company, Ltd. 1,000 11,648
Jumbo SA (I) 213 1,105
K’s Holding Corp. 600 23,470
Kesa Electricals PLC 3,019 3,927
Kingfisher PLC 18,084 69,319
Kirkland’s, Inc. (I) 500 4,585
Kohnan Shoji Company, Ltd. 300 5,277
Komeri Company, Ltd. 400 13,079
Leon’s Furniture, Ltd. 300 3,418
Lewis Group, Ltd. 1,301 11,242
Limited Brands, Inc. 3,200 123,232
Lowe’s Companies, Inc. 13,000 251,420
Luk Fook Holdings International, Ltd. 4,000 11,449
MarineMax, Inc. (I) 300 1,941
Midas, Inc. (I) 200 1,640
Mobilezone Holding AG (I) 918 9,324
Monro Muffler Brake, Inc. 300 9,891
New York & Company, Inc. (I) 200 638
Nishimatsuya Chain Company, Ltd. 100 803
Nitori Holdings Company, Ltd. 250 25,152
O’Reilly Automotive, Inc. (I) 2,100 139,923
Office Depot, Inc. (I) 5,200 10,712
OfficeMax, Inc. (I) 1,000 4,850
Osim International, Ltd. 8,000 6,531
Pacific Sunwear of California, Inc. (I) 400 480
Paris Miki, Inc. 800 7,503
Pendragon PLC (I) 26,477 3,872
Penske Automotive Group, Inc. (L) 1,200 19,200
PEP Boys - Manny, Moe & Jack 1,100 10,857
PetSmart, Inc. 1,300 55,445
Pier 1 Imports, Inc. (I) 1,600 15,648
Point, Inc. 250 12,596
Praktiker A 439 1,870
Premier Investments, Ltd. 906 4,555
RadioShack Corp. 1,730 20,103
Reitmans Canada, Ltd., Class A 500 7,253
Rent-A-Center, Inc. 1,100 30,195
RONA, Inc. 1,300 12,542
Ross Stores, Inc. 1,100 86,559
Rue21, Inc. (I) 400 9,076
SA SA International Holdings, Ltd. 18,000 10,631
Sally Beauty Holdings, Inc. (I)(L) 2,450 40,670
Sanrio Company, Ltd. 300 14,044
Select Comfort Corp. (I) 800 11,176
Shimachu Company, Ltd. 700 16,803
Shimamura Company, Ltd. 200 20,961
Shoe Carnival, Inc. (I) 300 7,080
Signet Jewelers, Ltd. 1,476 49,889
Sonic Automotive, Inc. 600 6,474
Sports Direct International PLC (I) 7,101 24,058
Stage Stores, Inc. 500 6,935
Staples, Inc. 5,802 77,167
Stein Mart, Inc. 700 4,375
Super Cheap Auto Group, Ltd. 1,655 10,019
Super Group, Ltd. (I) 127,245 13,243
Systemax, Inc. (I) 700 8,904
Talbots, Inc. (I)(L) 900 2,430

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Specialty Retail (continued)    
The Buckle, Inc. (L) 550 $ 21,153
The Cato Corp., Class A 400 9,024
The Children’s Place Retail Stores, Inc. (I)(L) 600 27,918
The Finish Line, Inc., Class A 800 15,992
The Foschini Group, Ltd. 2,097 21,965
The Gap, Inc. 4,528 73,535
The Men’s Wearhouse, Inc. 900 23,472
The Wet Seal, Inc., Class A (I) 2,000 8,960
Thorn Group, Ltd. 5,020 7,978
Tiffany & Company 1,300 79,066
TJX Companies, Inc. 2,665 147,828
Tractor Supply Company 1,200 75,060
Truworths International, Ltd. 3,324 28,885
Tsann Kuen Enterprise Company, Ltd. 5,000 9,551
Ulta Salon Cosmetics & Fragrance, Inc. (I) 900 56,007
Urban Outfitters, Inc. (I) 1,500 33,480
USS Company, Ltd. 210 17,863
Valora Holding AG 66 14,240
Vitamin Shoppe, Inc. (I) 300 11,232
West Marine, Inc. (I) 300 2,310
WH Smith PLC 730 5,606
Williams-Sonoma, Inc. 1,500 46,185
Xebio Company, Ltd. 500 12,697
Yamada Denki Company, Ltd. 470 32,814
Zale Corp. (I)(L) 300 855
Zumiez, Inc. (I) 597 10,453
 
    4,351,748
 
Textiles, Apparel & Luxury Goods    
361 Degrees International, Ltd. 9,000 4,141
Adidas AG 1,368 82,540
Aksa Akrilik Kimya Sanayi AS 4,202 10,752
Alok Industries, Ltd. 13,895 5,207
Anta Sports Products, Ltd. 1,000 1,138
Asics Corp. 1,000 13,561
Benetton Group SpA 867 4,958
Billabong International, Ltd. (L) 3,565 11,228
Bombay Rayon Fashions, Ltd. 411 2,306
Bosideng International Holdings, Ltd. 64,000 13,078
Brightoil Petroleum Holdings Ltd 17,000 3,668
Burberry Group PLC 3,714 67,229
C C Land Holdings, Ltd. 7,000 991
Carter’s, Inc. (I) 800 24,432
Chaoyue Group, Ltd. (I) 45,000 1,370
China Dongxiang Group Company 27,000 4,563
Christian Dior SA 341 38,148
Cia Hering 800 13,364
Cie Financiere Richemont SA 3,171 140,763
Coach, Inc. 2,100 108,843
Columbia Sportswear Company (L) 600 27,840
Crocs, Inc. (I) 900 21,303
Daphne International Holdings, Ltd. 10,000 8,709
Deckers Outdoor Corp. (I) 600 55,956
Descente, Ltd. 2,000 11,425
Formosa Taffeta Company, Ltd. 12,000 10,787
Fossil, Inc. (I) 1,000 81,060
G-III Apparel Group, Ltd. (I) 200 4,572
Geox SpA 1,356 4,922
Gerry Weber International AG 118 3,363
Gildan Activewear, Inc. 1,000 25,957
Glorious Sun Enterprises, Ltd. 30,000 9,491
Grendene SA 1,900 7,831
Gunze, Ltd. 5,000 16,359
Handsome Company, Ltd. 480 10,094
Hanesbrands, Inc. (I) 1,200 30,012
Hermes International SA 266 79,804

 

93

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Textiles, Apparel & Luxury Goods (continued)    
IC Companys A/S 52 $ 1,267
Iconix Brand Group, Inc. (I) 1,200 18,960
Japan Wool Textile Company, Ltd. 1,000 8,966
K-Swiss, Inc., Class A (I)(L) 400 1,700
Koninklijke Ten Cate NV 400 12,308
Kurabo Industries, Ltd. 3,000 5,967
Lee & Man Handbags Holding, Ltd. 8,000 439
LG Fashion Corp. Ltd. 280 9,449
Li Ning Company, Ltd. 5,000 5,005
LPP SA 4 2,328
Luxottica Group SpA 390 9,880
Luxottica Group SpA, ADR 400 10,072
LVMH Moet Hennessy Louis Vuitton SA 987 130,883
Maidenform Brands, Inc. (I) 400 9,364
Makalot Industrial Company, Ltd. 1,000 2,113
Ming Fung Jewellery Group, Ltd. (I) 110,000 6,619
Movado Group, Inc. 300 3,654
New Wave Group AB 1,015 3,539
NG2 SA 20 252
Nien Hsing Textile Company, Ltd. (I) 11,375 7,557
NIKE, Inc., Class B 2,700 230,877
Nisshinbo Holdings, Inc. 1,000 8,694
Onward Kashiyama Company, Ltd. 1,000 7,916
Oxford Industries, Inc. 100 3,430
Pacific Textile Holdings, Ltd. 18,000 9,138
Peak Sport Products Company, Ltd. 8,000 2,152
Perry Ellis International, Inc. (I) 200 3,760
Ports Design, Ltd. 2,500 3,799
Pou Chen Corp. 22,596 16,222
Puma SE 48 14,002
PVH Corp. 1,100 64,064
Quiksilver, Inc. (I) 1,800 5,490
Ralph Lauren Corp. 900 116,730
RG Barry Corp. 344 3,646
Ruentex Industries, Ltd. 5,000 7,658
Safilo Group SpA (I) 447 3,499
Sanyo Shokai, Ltd. 1,000 2,354
Seiko Holdings Corp. 1,000 2,574
Seiren Company, Ltd. 500 3,493
Shenzhou International Group Holdings, Ltd. 6,000 6,479
Shinkong Textile Company, Ltd. 1,000 1,118
Skechers U.S.A., Inc., Class A (I) 400 5,612
Stella International Holdings, Ltd. 4,000 8,867
Steven Madden, Ltd. (I) 450 13,545
Tainan Spinning Company, Ltd. 26,265 11,482
Taiwan Paiho, Ltd. 3,000 2,035
Texhong Textile Group, Ltd. 12,000 2,586
Texwinca Holdings, Ltd. 10,000 10,270
The Jones Group, Inc. 1,300 11,973
The Swatch Group AG 292 17,451
The Swatch Group AG, BR Shares 205 67,182
The Warnaco Group, Inc. (I) 600 27,654
Titan Industries, Ltd. 4,320 18,258
Tod’s SpA 254 21,373
Toyobo Company, Ltd. 10,000 14,599
True Religion Apparel, Inc. (I) 400 10,784
Tsi Holdings Company, Ltd. (I) 1,000 5,765
Under Armour, Inc., Class A (I)(L) 600 39,846
Unifi, Inc. (I) 466 3,807
Unitika, Ltd. (I) 1,000 589
Van De Velde NV (I) 196 8,832
VF Corp. (L) 1,661 201,845
Wacoal Corp. 1,000 12,774
Weiqiao Textile Company 11,000 5,169
Wolverine World Wide, Inc. 859 28,562
XTEP International Holdings 14,500 5,581

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Textiles, Apparel & Luxury Goods (continued)    
Youngone Holdings Company, Ltd. 130 $ 4,357
Yue Yuen Industrial Holdings, Ltd. 7,000 17,934
 
    2,307,914
 
    27,352,579
Consumer Staples - 6.54%    
 
Beverages    
A.G. Barr PLC 978 18,115
Anadolu Efes Biracilik Ve Malt Sanayii AS 1,058 12,183
Anheuser-Busch InBev NV 3,662 194,208
Arca Continental SAB de CV 13,309 55,085
Asahi Breweries, Ltd. 2,100 44,471
Baron de Ley SA (I) 66 3,757
Boston Beer Company, Inc. (I) 100 7,270
Britvic PLC 1,286 6,271
Brown Forman Corp., Class B 450 31,563
C&C Group PLC 985 3,714
C&C Group PLC - London Exchange 1,137 4,287
Carlsberg A/S 702 41,640
Central European Distribution Corp. (I)(L) 1,000 7,010
Cia Cervecerias Unidas SA, ADR 500 25,825
Coca Cola Hellenic Bottling Company S.A. (I) 133 2,353
Coca Cola Hellenic    
Bottling Company S.A.,ADR (I) 1,000 17,900
Coca-Cola Amatil, Ltd. 2,908 33,273
Coca-Cola Bottling Company Consolidated 200 11,092
Coca-Cola Enterprises, Inc. 4,200 104,496
Coca-Cola Femsa SAB de CV, ADR 200 17,746
Coca-Cola Icecek AS 672 9,125
Coca-Cola West Japan Company, Ltd. 200 3,831
Constellation Brands, Inc., Class A (I) 2,801 50,418
Cott Corp. (I) 800 5,489
Davide Campari Milano SpA 2,064 15,054
Diageo PLC, ADR 2,500 189,825
Dr. Pepper Snapple Group, Inc. 3,700 143,486
Fomento Economico Mexicano SAB    
de CV, ADR 1,100 71,302
Foster’s Group, Ltd. (I) 11,998 60,910
Fraser & Neave Holdings BHD 2,100 10,817
Grupo Modelo SA 4,000 22,607
Guinness Anchor BHD 1,000 3,099
Hansen Natural Corp. (I) 700 61,103
Heckmann Corp. (I) 1,600 8,464
Heineken NV 1,509 67,436
Hey Song Corp. 14,000 13,164
Hite Holdings Company, Ltd. 51 430
ITO EN, Ltd. 400 7,315
Jinro, Ltd. 291 6,194
Kirin Holdings Company, Ltd. 4,000 52,220
Laurent-Perrier SA 19 1,898
Lotte Chilsung Beverage Company, Ltd. 10 9,872
Mikuni Coca-Cola Bottling Company, Ltd. 1,000 9,098
Molson Coors Brewing Company, Class B 2,300 91,103
National Beverage Corp. 651 9,869
Olvi OYJ 100 2,030
PepsiCo, Inc. 11,518 712,964
Pernod-Ricard SA 1,236 96,913
Remy Cointreau SA 192 13,243
Royal Unibrew A/S 164 8,347
SABMiller PLC 5,490 178,436
San Miguel Corp. 4,430 11,709
Sapporo Holdings, Ltd. 2,000 7,433
Takara Holdings, Inc. 3,000 18,111
The Coca-Cola Company 15,579 1,052,517
Treasury Wine Estates, Ltd. 5,236 19,362

 

94

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Beverages (continued)    
Tsingtao Brewery Company, Ltd., Series H 2,000 $ 10,808
United Spirits, Ltd. 763 12,347
Vina Concha Y Toro SA, ADR (L) 300 10,950
 
    3,721,558
 
Food & Staples Retailing    
AEON Company, Ltd. 3,500 47,245
Alimentation Couche Tard, Inc. 1,000 28,056
Arcs Company, Ltd. 500 9,994
Axfood AB 100 3,410
BIM Birlesik Magazalar AS 718 19,753
BJ’s Wholesale Club, Inc. (I) 700 35,868
Carrefour SA 2,778 63,197
Casey’s General Stores, Inc. 600 26,190
Casino Guichard Perrachon SA 470 36,613
Cawachi, Ltd. 400 7,889
Centros Comerciales Sudamericanos SA 5,133 27,510
China Resources Enterprises, Ltd. 8,000 26,227
Cia Brasileira de Distribuicao Grupo Pao de    
Acucar, ADR 800 24,624
Circle K Sunkus Company, Ltd. 300 5,042
Colruyt SA 585 24,285
Controladora Comercial Mexicana    
SAB De CV (I) 7,700 10,277
Costco Wholesale Corp. 3,600 295,632
CP ALL PCL 8,400 12,971
CVS Caremark Corp. 15,149 508,703
Daikokutenbussan Company, Ltd 300 10,294
Delhaize Group 700 40,908
Distribuidora Internacional    
De Alimentacion SA (I) 2,447 9,636
Drogasil SA 1,300 7,778
E-Mart Company, Ltd. (I) 121 30,265
Emperia Holding SA 242 7,086
Empire Company, Ltd. 200 10,974
Eurocash SA 556 3,927
FamilyMart Company, Ltd. 300 11,459
George Weston, Ltd. 400 26,426
Guyenne & Gascogne SA 102 10,831
Hakon Invest AB 916 12,786
Harashin Narus Holdings Company, Ltd. 400 6,494
Heng Tai Consumables Group, Ltd. 5,000 232
Inageya Company, Ltd. 1,000 12,149
Ingles Markets, Inc. 100 1,424
Izumiya Company, Ltd. 1,000 4,634
J Sainsbury PLC 9,580 40,699
Jeronimo Martins SGPS SA 2,306 35,931
Kesko OYJ 774 23,787
Koninklijke Ahold NV 7,800 91,714
Lawson, Inc. 500 28,260
Lianhua Supermarket Holdings Company, Ltd. 5,000 7,086
Life Corp. 500 10,170
Loblaw Companies, Ltd. 1,100 41,401
Massmart Holdings, Ltd. 579 9,908
Metcash, Ltd. 7,274 28,575
Metro AG 597 25,118
Metro, Inc. (L) 900 39,353
Nash Finch Company 200 5,386
Olam International, Ltd. 14,000 23,868
Organizacion Soriana SAB de CV (I) 5,100 10,370
Pick’n Pay Stores, Ltd. 1,977 8,914
President Chain Store Corp. 3,544 19,967
Pricesmart, Inc. 500 31,160
Rallye SA 369 10,601
Ruddick Corp. 700 27,293
Safeway, Inc. 5,200 86,476

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Food & Staples Retailing (continued)    
Seven & I Holdings Company, Ltd. 4,200 $ 117,903
Shinsegae Company, Ltd. 42 9,559
Shoppers Drug Mart Corp. (L) 1,416 55,200
Shoprite Holdings, Ltd. 2,385 33,393
Sligro Food Group NV 122 4,097
Spartan Stores, Inc. 200 3,096
Sugi Pharmacy Company, Ltd. 400 11,212
Sundrug Company, Ltd. 400 12,530
Super-Sol, Ltd. 1,097 4,400
SUPERVALU, Inc. (L) 2,900 19,314
Susser Holdings Corp. (I) 200 3,986
Sysco Corp. 4,059 105,128
Taiwan Tea Corp. 18,218 9,107
Tesco PLC 43,278 253,153
The Andersons, Inc. 300 10,098
The Great Atlantic & Pacific    
Tea Company, Inc. (I) 1,000 175
The Jean Coutu Group (PJC), Inc. 1,500 17,363
The Kroger Company 5,159 113,292
The Pantry, Inc. (I) 300 3,639
The Spar Group, Ltd. 1,244 14,783
Tsuruha Holdings, Inc. 300 16,635
United Natural Foods, Inc. (I) 700 25,928
UNY Company, Ltd. 2,000 18,612
Valor Company, Ltd. 1,000 17,095
Wal-Mart de Mexico SAB de CV 20,700 47,465
Wal-Mart Stores, Inc. 25,259 1,310,942
Walgreen Company 8,320 273,645
Weis Markets, Inc. 300 11,118
Wesfarmers, Ltd. 5,990 181,005
Whole Foods Market, Inc. 1,700 111,027
Winn-Dixie Stores, Inc. (I)(L) 800 4,736
WM Morrison Supermarket PLC 14,470 65,248
Woolworths, Ltd. 3,880 92,712
X5 Retail Group NV, GDR (I) 473 12,982
 
    5,017,404
 
Food Products    
AarhusKarlshamn AB 600 14,142
Afgri, Ltd. 8,620 6,116
Ajinomoto Company, Inc. 5,000 59,132
Alico, Inc. 100 1,964
Archer-Daniels-Midland Company 6,612 164,044
Ariake Japan Company, Ltd. 500 10,135
Aryzta AG 797 34,522
Asia Food & Properties, Ltd. (I) 9,000 1,487
Asian Bamboo AG (L) 217 3,421
Asian Citrus Holdings, Ltd. 1,000 463
Asiatic Development BHD 4,400 9,569
Associated British Foods PLC 2,912 49,944
Astra Agro Lestari Tbk PT 2,000 4,327
Astral Foods Ltd. 425 6,149
Atria PLC 525 3,758
AVI, Ltd. 4,242 16,934
B&G Foods, Inc. 700 11,676
Bakrie Sumatera Plantations Tbk PT 124,000 3,902
Balrampur Chini Mills, Ltd. 5,350 4,957
Barry Callebaut AG (I) 20 16,856
Binggrae Company, Ltd. 207 8,228
Bisi International PT 47,500 5,240
Bonduelle SCA 60 5,206
Bongrain SA 43 2,736
BRF - Brasil Foods SA, ADR (L) 3,454 60,549
Britannia Industries, Ltd. 975 9,271
Bunge, Ltd. 2,100 122,409
Cal-Maine Foods, Inc. (L) 400 12,572

 

95

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Food Products (continued)    
Calavo Growers, Inc. 300 $ 6,156
Campbell Soup Company (L) 2,144 69,401
Campofrio Alimentacion SA 807 6,861
Canada Bread Company, Ltd. 100 4,223
Cermaq ASA (I) 1,000 10,718
Chaoda Modern Agriculture Holdings, Ltd. 28,480 3,787
Charoen Pokphand Foods PCL 22,900 19,706
China Agri-Industries Holdings, Ltd. 10,000 6,140
China Foods, Ltd. 6,000 4,758
China Green Holdings, Ltd. 3,000 552
China Huiyuan Juice Group, Ltd. 11,000 2,879
China Mengniu Dairy Company, Ltd. 4,000 11,989
China Precious Metal Resources    
Holdings Company, Ltd. (I) 50,000 9,812
China Yurun Food Group, Ltd. 10,000 10,682
Chiquita Brands International, Inc. (I) 500 4,170
CJ CheilJedang Corp. 103 25,200
ConAgra Foods, Inc. 6,400 155,008
Copeinca ASA (I) 1,400 8,212
Corn Products International, Inc. 1,100 43,164
Cosan SA Industria e Comercio 1,300 16,573
CSM 366 7,220
Dairy Crest Group PLC 1,305 7,099
Danone SA 2,419 148,868
Darling International, Inc. (I) 1,200 15,108
Dean Foods Company (I) 2,300 20,401
Diamond Foods, Inc. (L) 300 23,937
Dole Food Company, Inc. (I)(L) 1,500 15,000
Dydo Drinco, Inc. 100 3,867
East Asiatic Company, Ltd. A/S 298 6,060
Ebro Foods SA 858 14,638
Elders, Ltd. (I) 1,707 471
Empresas Iansa SA 65,744 4,415
Ezaki Glico Company, Ltd. 1,000 12,839
Farmer Brothers Company (I) 400 2,204
First Pacific Company, Ltd. 24,000 20,954
First Resources, Ltd. 11,000 10,199
Flowers Foods, Inc. 1,650 32,109
Fresh Del Monte Produce, Inc. 1,000 23,200
Fuji Oil Company, Ltd. 400 6,597
General Mills, Inc. 4,400 169,268
Glanbia PLC (Dublin Exchange) 1,295 7,697
Global Bio-Chem Technology    
Group Company, Ltd. 14,000 2,377
Golden Agri-Resources, Ltd. 58,000 26,638
Goodman Fielder, Ltd. 20,604 9,570
GrainCorp., Ltd. 1,090 7,495
Great Wall Enterprise Company, Ltd. 10,494 9,492
Green Mountain Coffee Roasters, Inc. (I) 1,950 181,233
Greencore Group PLC 975 840
Greggs PLC 350 2,511
Gruma SAB de CV, ADR (I) 200 1,416
Grupo Bimbo SA de CV 11,600 21,413
Grupo Herdez Sab de CV 2,700 4,770
H.J. Heinz Company 2,100 106,008
Hormel Foods Corp. 3,400 91,868
House Food Corp. 1,100 21,134
IJM Plantations BHD 6,600 5,107
Illovo Sugar, Ltd. 1,857 5,789
Imperial Sugar Company 300 1,932
Indofood Agri Resources, Ltd. (I) 4,000 3,709
Indofood Sukses Makmur Tbk PT 31,000 17,486
Industrias Bachoco SAB de CV, ADR 383 8,606
IOI Corp. BHD 16,853 24,347
J & J Snack Foods Corp. 190 9,130
Japfa Comfeed Indonesia Tbk PT 4,000 1,928

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Food Products (continued)    
JBS SA (I) 3,600 $ 6,950
Kagome Company, Ltd. 200 3,948
Kameda Seika Company, Ltd. 400 8,034
Keck Seng BHD 7,500 8,623
Kellogg Company 2,428 129,145
Kernel Holding SA (I) 260 4,773
Kerry Group PLC 1,026 35,921
KEY Coffee, Inc. 300 6,041
Kikkoman Corp. 2,000 22,830
Kraft Foods, Inc., Class A 19,600 658,168
Kuala Lumpur Kepong BHD 2,600 16,960
Kulim Malaysia BHD 12,400 12,751
KWS Saat AG 30 5,569
Lancaster Colony Corp. (L) 400 24,404
Lien Hwa Industrial Corp. 15,449 8,369
Lifeway Foods, Inc. (I) 200 2,134
Limoneira Company 169 2,413
Lindt & Spruengli AG - REG 1 34,549
Lotte Confectionery Company, Ltd. 5 6,413
M Dias Branco SA 200 3,973
Maple Leaf Foods, Inc. 1,300 14,118
Marfrig Frigorificos e Comercio    
de Alimentos SA 1,000 3,260
Marine Harvest 41,885 18,306
Marudai Food Company, Ltd. 2,000 7,351
Maruha Group, Inc. 3,000 5,889
Maryborough Sugar Factory (I) 873 2,554
Mayora Indah Tbk PT 5,000 7,197
McCormick & Company, Inc. 1,200 55,392
Mead Johnson Nutrition Company 1,800 123,894
Megmilk Snow Brand Company, Ltd. 500 10,248
MEIJI Holdings Company, Ltd. 500 23,683
Morinaga Milk Industry Company, Ltd. 3,000 13,255
Namyang Dairy Products Company, Ltd. 17 11,102
Nestle India, Ltd. 107 9,249
Nestle Malaysia BHD 900 13,466
Nestle SA 16,597 912,342
NICHIREI Corp. 2,000 9,222
Nippon Flour Mills Company, Ltd. 1,000 4,859
Nippon Meat Packers, Inc. 2,000 25,979
Nippon Suisan Kaisha, Ltd. 1,200 4,529
Nisshin Oillio Group, Ltd. 2,000 9,584
Nisshin Seifun Group, Inc. 1,500 19,570
Nissin Food Products Company, Ltd. 600 24,175
Nong Shim Company, Ltd. 25 4,464
Nutreco Holding NV 465 28,994
Osem Investments, Ltd. 395 5,591
Overhill Farms, Inc. (I) 800 2,960
Pacific Andes International Holdings, Ltd. 36,000 3,164
Parmalat SpA 14,950 31,493
Perdigao SA 984 16,841
Perusahaan Perkebunan London Sumatra    
Indonesia Tbk PT 45,000 10,311
Pilgrim’s Pride Corp. (I) 2,200 9,394
Pioneer Foods, Ltd. 571 4,155
PPB Group BHD 5,100 26,425
Premier Foods PLC (I) 51,558 8,247
Q.P. Corp. 900 13,049
Ralcorp Holdings, Inc. (I) 800 61,368
Ridley Corp., Ltd. 3,902 3,981
Ruchi Soya Industries, Ltd. 3,000 6,911
Sampoerna Agro PT 18,000 5,809
Samyang Corp. 136 9,111
Sanderson Farms, Inc. 400 19,000
Sao Martinho SA 500 5,332
Saputo, Inc. 1,100 43,332

 

96

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Food Products (continued)    
Sara Lee Corp. 6,900 $ 112,815
Seneca Foods Corp., Class A (I) 200 3,960
Sipef SA 36 2,786
SLC Agricola SA 200 1,665
Smart Balance, Inc. (I) 1,172 6,915
Smithfield Foods, Inc. (I) 2,500 48,750
Snyders-Lance, Inc. 1,300 27,105
SOS Cuetara SA (I) 2,018 777
Standard Foods Corp. 8,625 22,481
Suedzucker AG 616 17,479
Tata Tea, Ltd. 3,900 6,782
Tate & Lyle PLC 4,153 40,177
Thai Union Frozen Products PCL 4,735 7,883
The Hain Celestial Group, Inc. (I) 600 18,330
The Hershey Company 1,400 82,936
The J.M. Smucker Company 1,800 131,202
Tiger Brands, Ltd. 1,427 36,988
Tingyi (Cayman Islands) Holding Corp. 10,000 24,331
Tongaat Hulet, Ltd. 519 5,907
Tootsie Roll Industries, Inc. (L) 435 10,492
TreeHouse Foods, Inc. (I) 600 37,104
Tyson Foods, Inc., Class A 4,400 76,384
Ulker Gida Sanayi ve Ticaret AS 2,983 8,806
Uni-President China Holdings, Ltd. 16,000 8,672
Uni-President Enterprises Corp. 21,119 27,188
Unilever NV 5,948 188,397
Unilever PLC, ADR 5,800 180,902
United Plantations BHD 2,400 13,135
Universal Robina Corp. 19,500 18,417
Vilmorin & Compagnie SA 121 11,818
Viscofan SA (I) 232 8,364
Vitasoy International Holdings, Ltd. 12,000 7,651
Viterra, Inc. 3,072 30,225
Want Want China Holdings, Ltd. 15,000 13,276
Wei Chuan Food Corp. 9,000 8,274
Wilmar International, Ltd. 10,000 39,667
Yakult Honsha Company, Ltd. 500 15,556
Yamazaki Baking Company, Ltd. 1,000 15,181
 
    6,156,552
 
Household Products    
Central Garden & Pet Company (I) 400 2,760
Central Garden & Pet Company, Class A (I) 1,000 7,080
Church & Dwight Company, Inc. 2,200 97,240
Clorox Company (L) 1,200 79,596
Colgate-Palmolive Company 3,428 303,995
Energizer Holdings, Inc. (I) 1,100 73,084
Henkel AG & Company, KGaA 872 38,156
Hindustan Unilever, Ltd. 1,743 12,076
Hypermarcas SA 1,400 6,582
Kao Corp. 2,000 55,633
Kimberly-Clark Corp. 2,800 198,828
Kimberly-Clark de Mexico SAB de CV 3,000 15,305
LG Household & Health Care, Ltd. 46 20,700
Lion Corp. 1,000 6,012
McBride PLC (I) 3,988 7,427
PZ Cussons PLC 1,458 7,463
Reckitt Benckiser Group PLC 2,929 148,081
Spectrum Brands Holdings, Inc. (I) 600 14,172
The Procter & Gamble Company 26,347 1,664,603
Unicharm Corp. 600 28,799
Vinda International Holdings, Ltd. 3,000 2,958
WD-40 Company 300 11,952
 
    2,802,502

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Personal Products    
Aderans Company, Ltd. (I) 200 $ 1,854
Amorepacific Corp. 25 24,884
Atrium Innovations, Inc. (I) 65 816
Avon Products, Inc. 2,800 54,880
Beiersdorf AG 429 22,974
Colgate-Palmolive India, Ltd. 468 9,284
Dabur India, Ltd. 4,276 8,963
Elizabeth Arden, Inc. (I) 600 17,064
Fancl Corp. 300 4,314
Gillette India, Ltd. 248 10,348
Godrej Consumer Products, Ltd. 1,452 11,768
Hengan International Group Company, Ltd. 4,000 31,597
Herbalife, Ltd. 2,000 107,200
Inter Parfums, Inc. 500 7,725
Kobayashi Pharmaceutical Company, Ltd. 200 10,767
Kose Corp. 200 5,083
L’Oreal SA 1,025 100,298
Mannatech, Inc. (I) 400 216
Medifast, Inc. (I) 400 6,460
Natura Cosmeticos SA 1,100 18,721
Nu Skin Enterprises, Inc., Class A 900 36,468
Nutraceutical International Corp. (I) 300 3,834
Oriflame Cosmetics SA 111 4,006
Pacific Corp. 43 8,407
Prestige Brands Holdings, Inc. (I) 1,300 11,765
Procter & Gamble Hygiene &    
Health Care, Ltd. (I) 193 7,507
Revlon, Inc. (I) 600 7,392
Shiseido Company, Ltd. 2,000 38,735
The Estee Lauder Companies, Inc., Class A 1,000 87,840
USANA Health Sciences, Inc. (I) 200 5,500
 
    666,670
 
Tobacco    
Alliance One International, Inc. (I) 2,600 6,344
Altria Group, Inc. 14,764 395,823
British American Tobacco Malaysia BHD 800 11,169
British American Tobacco PLC 963 40,817
British American Tobacco PLC, ADR 4,200 355,866
Gudang Garam Tbk PT 5,000 29,304
Imperial Tobacco Group PLC 5,955 201,103
Imperial Tobacco Group, ADR 800 53,680
ITC, Ltd. 9,946 39,840
Japan Tobacco, Inc. 19 88,644
KT&G Corp. 800 49,900
Lorillard, Inc. 1,100 121,770
Philip Morris International, Inc. 13,407 836,329
Reynolds American, Inc. 4,800 179,904
Souza Cruz SA 2,000 20,125
Swedish Match AB 1,480 48,972
Universal Corp. 400 14,344
Vector Group, Ltd. (L) 1,169 20,077
 
    2,514,011
 
    20,878,697
Energy - 7.11%    
 
Energy Equipment & Services    
Aker ASA, Series A 250 5,012
Aker Solutions ASA 700 6,717
AMEC PLC 2,895 36,413
Atwood Oceanics, Inc. (I) 1,100 37,796
Baker Hughes, Inc. 4,788 221,014
Basic Energy Services, Inc. (I) 600 8,496
BGR Energy Systems, Ltd. 542 3,541
Bourbon SA 210 4,768

 

97

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Energy Equipment & Services (continued)    
Bristow Group, Inc. 600 $ 25,458
BW Offshore, Ltd. 2,640 4,598
Cal Dive International, Inc. (I) 2,200 4,202
Calfrac Well Services, Ltd. 600 14,022
Cameron International Corp. (I) 3,300 137,082
Canyon Services Group, Inc. 650 5,632
CARBO Ceramics, Inc. 300 30,759
China Oilfield Services, Ltd. 10,000 12,522
Cie Generale de Geophysique-Veritas (I) 928 16,295
Compagnie Generale de    
Geophysique-Veritas (I) 800 14,096
Complete Production Services, Inc. (I) 1,700 32,045
Dawson Geophysical Company (I) 200 4,716
Diamond Offshore Drilling, Inc. (L) 1,600 87,584
Dockwise, Ltd. (I) 60 756
DOF ASA (I) 400 1,832
Dresser-Rand Group, Inc. (I) 1,400 56,742
Dril-Quip, Inc. (I) 700 37,737
Ensign Energy Services, Inc. 919 12,059
Exterran Holdings, Inc. (I)(L) 1,200 11,664
Ezra Holdings, Ltd. 11,400 7,270
Farstad Shipping ASA 96 2,197
Flint Energy Services, Ltd. (I) 200 1,899
FMC Technologies, Inc. (I)(L) 2,200 82,720
Fred Olsen Energy ASA 80 2,277
Fugro NV 672 34,026
Global Industries, Ltd. (I) 2,600 20,592
Gulf Islands Fabrication, Inc. 100 2,068
Gulfmark Offshore, Inc., Class A (I) 400 14,536
Halliburton Company 7,000 213,640
Helix Energy Solutions Group, Inc. (I) 1,500 19,650
Helmerich & Payne, Inc. 1,900 77,140
Hercules Offshore, Inc. (I) 900 2,628
Hornbeck Offshore Services, Inc. (I) 600 14,946
Integra Group Holdings-REG S GDR (I) 532 867
ION Geophysical Corp. (I) 1,500 7,095
John Wood Group Plc 3,042 24,993
Kencana Petroleum BHD 17,200 12,963
Key Energy Services, Inc. (I) 2,700 25,623
KNM Group BHD 6,100 2,263
Kvaerner ASA (I) 700 914
Lufkin Industries, Inc. 400 21,284
Matrix Service Company (I) 500 4,255
McDermott International, Inc. (I) 2,500 26,900
Modec, Inc. 100 1,768
Nabors Industries, Ltd. (I) 5,000 61,300
National Oilwell Varco, Inc. 4,700 240,734
Natural Gas Services Group, Inc. (I) 100 1,283
Newpark Resources, Inc. (I)(L) 1,011 6,157
Noble Corp. (I) 100 2,935
North American Energy Partners, Inc. (I) 700 4,082
Oceaneering International, Inc. 1,600 56,544
Oil States International, Inc. (I) 900 45,828
Parker Drilling Company (I) 2,500 10,975
Pason Systems, Inc. 1,200 15,253
Patterson-UTI Energy, Inc. 2,600 45,084
Petrofac, Ltd. 2,024 37,446
Petroleum Geo-Services ASA (I) 2,756 27,782
Pioneer Drilling Company (I) 900 6,462
Precision Drilling Corp. (I) 2,000 16,662
ProSafe ASA 1,104 7,170
Rowan Companies, Inc. (I) 1,700 51,323
RPC, Inc. 2,100 34,272
Saipem SpA 1,253 43,934
SapuraCrest Petroleum BHD 12,900 14,784
Savanna Energy Services Corp. (I) 400 2,802

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Energy Equipment & Services (continued)    
SBM Offshore NV 1,250 $ 21,676
Schlumberger, Ltd. 10,529 628,897
Schoeller-Bleckmann Oilfield Equipment AG 46 3,150
SEACOR Holdings, Inc. 300 24,063
Seadrill, Ltd. 2,243 62,116
Seawell, Ltd./Bermuda (I) 243 885
Sevan Marine ASA (I)(L) 12,791 1,031
Shawcor, Ltd., Class A 600 13,931
Shinko Plantech Company, Ltd. 700 6,547
Siem Offshore, Inc. (I) 1,271 1,817
Songa Offshore SE (I) 1,579 4,886
Subsea 7 SA (I) 2,436 46,313
Superior Energy Services, Inc. (I) 1,400 36,736
Swiber Holdings, Ltd. (I) 6,000 2,301
Technip SA 832 66,583
Tecnicas Reunidas SA 207 6,609
Tenaris SA 1,200 30,540
Tesco Corp. (I) 200 2,320
Tetra Technologies, Inc. (I) 1,600 12,352
TGS Nopec Geophysical Company ASA 1,000 18,588
Tidewater, Inc. (L) 800 33,640
TMK OAO, GDR 600 5,508
Trican Well Service, Ltd. 1,500 21,271
Trinidad Drilling, Ltd. 2,100 12,124
Union Drilling, Inc. (I) 900 4,230
Unit Corp. (I) 1,000 36,920
Wah Seong Corp. BHD 10,184 6,241
Weatherford International, Ltd. (I) 6,300 76,923
Willbros Group, Inc. (I) 600 2,502
WorleyParsons, Ltd. 1,017 25,377
 
    3,406,961
 
Health Care Equipment & Supplies    
King Stone Energy Group, Ltd. (I) 18,000 2,695
 
Metals & Mining    
Sprott Resource Corp. (I) 687 2,622
 
Oil, Gas & Consumable Fuels    
OMV AG 1,139 34,062
Adaro Energy Tbk PT 60,500 11,515
Advantage Oil & Gas, Ltd. (I) 1,400 5,277
Afren PLC (I) 4,344 5,448
Alon USA Energy, Inc. 1,300 7,969
Alpha Natural Resources, Inc. (I) 3,253 57,546
Altagas, Ltd. 1,000 25,842
Anadarko Petroleum Corp. 5,500 346,775
Apache Corp. 3,300 264,792
Approach Resources, Inc. (I) 400 6,796
Aquila Resources, Ltd. (I) 792 3,715
ARC Resources, Ltd. 1,733 37,309
Arch Coal, Inc. (L) 2,300 33,534
ATP Oil & Gas Corp. (I) 405 3,123
Aurora Oil and Gas, Ltd. (I) 2,460 5,232
Australian Worldwide Exploration, Ltd. (I) 6,149 6,024
Avner Oil Exploration Llpavner Oil    
Exploration - Lp (I) 3,304 1,455
Bandanna Energy Ltd. (I) 5,237 3,242
Bangchak Petroleum PCL 6,900 3,663
Bankers Petroleum, Ltd. (I) 700 2,338
Banpu PCL 700 11,814
Baytex Energy Corp. 538 22,492
Beach Energy, Ltd. 24,430 25,166
Bellatrix Exploration, Ltd. (I) 2,700 8,683
Berry Petroleum Company, Class A 900 31,842
BG Group PLC 16,323 310,827

 

98

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Oil, Gas & Consumable Fuels (continued)    
Bharat Petroleum Corp., Ltd. 635 $ 8,388
Bill Barrett Corp. (I) 700 25,368
Birchcliff Energy, Ltd. (I) 1,700 16,515
BlackPearl Resources, Inc. (I) 1,800 6,407
Bow Energy, Ltd. (I) 9,313 13,098
BP PLC 11,293 67,734
BP PLC, ADR 15,328 552,881
BPZ Resources, Inc. (I)(L) 1,200 3,324
Brasil Ecodiesel Industria e Comercio de    
Biocombustiveis e Oleos Vegetais SA 15,200 4,608
Brigham Exploration Company (I) 1,600 40,416
Bumi Resources Tbk PT 163,500 35,722
Cabot Oil & Gas Corp. 1,500 92,865
Cairn Energy PLC (I) 9,527 41,289
Cairn India, Ltd. (I) 1,480 8,088
Callon Petroleum Company (I) 700 2,709
Caltex Australia, Ltd. 944 9,729
Calvalley Petroleums, Inc. (I) 500 530
Cameco Corp. 2,471 45,369
Canadian Natural Resources, Ltd. 5,750 168,840
Canadian Oil Sands, Ltd. 2,801 54,502
Carrizo Oil & Gas, Inc. (I) 400 8,620
Celtic Exploration, Ltd. (I) 600 12,923
Cenovus Energy, Inc. 3,056 94,109
Cheniere Energy, Inc. (I)(L) 700 3,605
Chennai Petroleum Corp., Ltd. 742 3,065
Chesapeake Energy Corp. 7,400 189,070
Chevron Corp. 19,289 1,784,618
China Aviation Oil Singapore Corp., Ltd. 8,000 5,413
China Coal Energy Company, Ltd., Series H 22,000 19,214
China Petroleum & Chemical Corp., ADR 900 86,220
China Qinfa Group, Ltd. (I) 2,000 497
China Shenhua Energy Company, Ltd. 13,500 52,896
Chinook Energy, Inc. (I) 716 1,052
Cimarex Energy Company 1,400 77,980
Clayton Williams Energy, Inc. (I) 300 12,843
Clean Energy Fuels Corp. (I) 382 4,248
Cloud Peak Energy, Inc. (I) 700 11,865
CNOOC, Ltd., ADR 840 134,652
Cockatoo Coal, Ltd. (I) 8,818 3,119
Compton Petroleum Corp. (I) 3 18
Comstock Resources, Inc. (I) 600 9,276
Concho Resources, Inc. (I)(L) 1,600 113,824
Connacher Oil and Gas, Ltd. (I) 1,300 403
ConocoPhillips 16,049 1,016,223
Consol Energy, Inc. 3,200 108,576
Contango Oil & Gas Company (I) 300 16,413
Continental Resources, Inc. (I) 900 43,533
Corridor Resources, Inc. (I) 1,200 2,519
Cosmo Oil Company, Ltd. 4,000 9,920
Crescent Point Energy Corp. 1,600 60,235
Crew Energy, Inc. (I) 300 2,657
Crosstex Energy, Inc. 1,000 13,480
CVR Energy, Inc. (I) 2,000 42,280
Dart Energy, Ltd. (I) 4,100 2,039
Daylight Energy, Ltd. 1,870 9,458
Delek Drilling - LP (I) 252 619
Delek US Holdings, Inc. 1,200 13,524
Delta Dunia Makmur Tbk Pt (I) 65,000 4,965
Denbury Resources, Inc. (I) 5,623 64,665
Denison Mines Corp. (I) 7,400 7,909
Det Norske Oljeselskap ASA (I) 429 3,444
Devon Energy Corp. 3,900 216,216
DHT Holdings, Inc. 900 1,836
DNO International ASA (I) 4,000 3,673
Dragon Oil PLC 4,669 34,910

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Oil, Gas & Consumable Fuels (continued)    
Dynamic Energy Holdings, Ltd. (I) 50,000 $ 4,005
Eastern Star Gas, Ltd. (I) 15,735 11,543
Ecopetrol SA, ADR (L) 700 28,203
El Paso Corp. 5,900 103,132
Enbridge, Inc. (L) 3,368 107,510
Encana Corp. (L) 4,056 78,070
Enerflex, Ltd. 500 4,175
Energen Corp. 1,100 44,979
Energi Mega Persada Tbk PT (I) 760,500 11,055
Energy Partners, Ltd. (I) 600 6,642
Energy Resources of Australia, Ltd. (I) 406 1,125
Enerplus Corp. 1,342 33,131
ENI SpA, ADR 6,000 210,780
Enquest PLC (I) 5,935 8,173
EOG Resources, Inc. 2,600 184,626
EQT Corp. 1,500 80,040
ERG SpA 259 2,882
Essar Oil Ltd (I) 3,444 5,495
Essar Ports, Ltd. (I) 3,028 3,607
Essar Shipping, Ltd. 1,514 2,719
Esso SAF 21 1,936
Etablissements Maurel et Prom SA 1,051 17,154
Euronav NV (I) 796 4,570
EXCO Resources, Inc. 1,900 20,368
Extract Resources, Ltd. (I) 987 7,175
Exxon Mobil Corp. 38,815 2,819,133
Fairborne Energy, Ltd. (I) 400 1,069
Forest Oil Corp. (I) 1,500 21,600
Formosa Petrochemical Corp. 5,000 13,668
Frontline, Ltd. 400 1,925
FX Energy, Inc. (I) 1,300 5,369
Galleon Energy, Inc. (I) 300 690
Galp Energia SGPS SA 1,526 27,809
Gazprom Neft, ADR 1,273 22,316
Gazprom OAO, ADR 4,093 39,088
Gazprom OAO, ADR (London Exchange) 26,138 250,022
General Maritime Corp. (I) 1,300 338
Georesources, Inc. (I) 300 5,337
Gloucester Coal Ltd. (I) 1,226 7,930
GMX Resources, Inc. (I)(L) 100 227
Golar LNG, Ltd. 700 22,246
Goodrich Petroleum Corp. (I)(L) 446 5,272
Gran Tierra Energy, Inc. (I) 3,449 16,450
Great Eastern Shipping Company, Ltd. 515 2,616
Green Plains Renewable Energy, Inc. (I) 400 3,732
Grupa Lotos SA (I) 726 5,442
GS Holdings Corp. 500 23,843
Gulfport Energy Corp. (I) 900 21,762
Harvest Natural Resources, Inc. (I) 500 4,285
Hellenic Petroleum SA 1,357 10,669
Hess Corp. 3,564 186,967
Hindustan Petroleum Corp. Ltd. 939 7,036
HollyFrontier Corp. 3,042 79,761
Horizon Oil, Ltd. (I) 30,952 5,384
Houston American Energy Corp. (L) 500 6,880
Hunting PLC 1,995 18,473
Husky Energy, Inc. (L) 1,675 36,268
Idemitsu Kosan Company, Ltd. 200 17,931
Imperial Oil, Ltd. 1,250 44,899
Indian Oil Corp. Ltd. 2,260 14,385
Indo Tambangraya Megah PT 2,000 8,727
Inpex Corp. 12 73,949
IRPC PCL 74,400 8,377
Ivanhoe Energy, Inc. (I) 900 971
James River Coal Company (I)(L) 700 4,459
Japan Petroleum Exploration Company, Ltd. 200 7,283

 

99

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Oil, Gas & Consumable Fuels (continued)    
JKX Oil & Gas PLC (I) 308 $ 783
JX Holdings, Inc. 17,290 97,042
Keyera Corp. 400 17,330
Kunlun Energy Company, Ltd. 16,000 21,696
L&L Energy, Inc. (I)(L) 500 1,350
Legacy Oil & Gas, Inc. (I) 800 6,184
Linc Energy, Ltd. (I) 6,566 11,609
Lukoil OAO, ADR 2,643 133,053
Lundin Petroleum AB (I) 2,903 49,022
Mangalore Refinery and Petrochemicals, Ltd. 2,861 3,613
Marathon Oil Corp. 8,400 181,272
Marathon Petroleum Corp. 3,900 105,534
McMoRan Exploration Company (I) 1,985 19,711
Medco Energi Internasional Tbk PT 35,000 8,393
Melrose Resources PLC 307 654
Mitsuuroko Company, Ltd. 1,000 6,717
MOL Hungarian Oil and Gas PLC (I) 534 35,994
Mongolia Energy Company, Ltd. (I) 38,000 2,453
Motor Oil Hellas Corinth Refineries SA (I) 798 6,541
Murphy Oil Corp. 2,500 110,400
Nal Energy Corp. 1,129 8,296
Neste Oil OYJ 833 7,208
New Hope Corp., Ltd. 1,732 8,936
New Zealand Refining Company, Ltd. 3,262 7,883
Newfield Exploration Company (I) 1,900 75,411
Nexen, Inc. 4,647 72,284
Niko Resources, Ltd. 400 16,479
Noble Energy, Inc. 1,700 120,360
Norwegian Energy Company AS (I) 1,197 820
NuVista Energy, Ltd. (I) 800 4,367
Oasis Petroleum, Inc. (I) 1,100 24,563
Occidental Petroleum Corp. 7,601 543,472
Oil & Natural Gas Corp., Ltd. 4,884 26,494
Oil India, Ltd. 559 15,340
Oil Search, Ltd. 6,602 35,630
Open Range Energy Corp. (I) 976 8,196
OPTI Canada, Inc. (I) 1,100 100
Origin Energy, Ltd. 8,123 103,984
Overseas Shipholding Group, Inc. (L) 500 6,870
PA Resources AB (I) 475 134
Pacific Rubiales Energy Corp. 1,700 36,015
Paladin Resources, Ltd. (I) 5,205 5,959
Panhandle Oil and Gas, Inc. 100 2,837
Paramount Resources, Ltd. (I) 200 5,884
Parkland Fuel Corp. 583 4,985
Patriot Coal Corp. (I) 1,400 11,844
Paz Oil Company, Ltd. 59 7,381
Peabody Energy Corp. 2,000 67,760
Pembina Pipeline Corp. 1,000 24,478
Pengrowth Energy Trust 304 2,747
Penn Virginia Corp. (L) 500 2,785
Penn West Petroleum, Ltd. 3,739 55,484
Perpetual Energy, Inc. (I) 1,900 3,590
PetroBakken Energy, Ltd., Class A 921 5,933
Petrobank Energy & Resources, Ltd. (I) 1,000 6,060
PetroChina Company, Ltd., Class H 108,000 130,627
Petroleo Brasileiro, ADR (L) 11,794 244,372
Petroleo Brasileiro S.A., ADR 8,382 188,176
Petroleum Development Corp. (I) 400 7,756
Petrominerales, Ltd. 1,014 19,934
Petronas Dagangan BHD 1,700 8,473
Petronet LNG, Ltd. 3,414 11,081
Petroplus Holdings AG (I) 805 4,471
Petroquest Energy, Inc. (I) 1,000 5,500
Peyto Exploration & Development Corp. 300 5,706
Pioneer Natural Resources Company 1,900 124,963

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Oil, Gas & Consumable Fuels (continued)    
Plains Exploration & Production Company (I) 1,900 $ 43,149
Polish Oil & Gas Company 12,393 15,092
Polski Koncern Naftowy Orlen SA (I) 2,732 29,871
Premier Oil PLC (I) 2,268 12,191
Progress Energy Resources Corp. 1,300 15,991
Provident Energy Ltdprovident Energy Ltd. 900 7,369
PTT Aromatics & Refining PCL 10,300 8,151
PTT Exploration & Production PCL 5,800 26,029
PTT PCL, Foreign Shares 5,200 43,494
QEP Resources, Inc. 2,500 67,675
Questerre Energy Corp. (I) 3,200 2,199
Quicksilver Resources, Inc. (I)(L) 2,800 21,224
Range Resources Corp. 2,300 134,458
Reliance Industries, Ltd. 7,383 119,847
Repsol YPF SA 3,658 96,381
Repsol YPF SA, ADR 800 21,008
Rex Energy Corp. (I) 800 10,120
Rosetta Resources, Inc. (I) 700 23,954
Rosneft Oil Company, GDR 5,147 29,986
Rosneft Oil Company, GDR    
(London Exchange) (I) 1,929 11,238
Royal Dutch Shell PLC, ADR, Class B 20,400 1,265,820
S-Oil Corp. 192 16,670
Salamander Energy PLC (I) 742 2,274
San-Ai Oil Company, Ltd. 2,000 9,698
SandRidge Energy, Inc. (I)(L) 5,388 29,957
Santos, Ltd. 6,225 67,316
Saras SpA (I) 2,835 3,842
Sasol, Ltd. 2,900 117,740
SemGroup Corp., Class A (I) 700 13,972
Semirara Mining Corp. 2,940 12,432
Shell Refining Company Federation of    
Malaya BHD 2,800 8,290
Ship Finance International, Ltd. (L) 900 11,700
Showa Shell Sekiyu KK 2,000 14,250
Sino Oil And Gas Holdings, Ltd. (I) 100,000 3,628
Sino Prosper State Gold    
Resources Holdings Ltd. (I) 190,000 3,771
SK Energy Company, Ltd. 381 44,764
SM Energy Company 900 54,585
Soco International PLC (I) 3,480 17,620
Southern Union Company 1,700 68,969
SouthGobi Energy Resources, Ltd. (I) 100 635
Southwestern Energy Company (I) 2,600 86,658
Spectra Energy Corp. 4,600 112,838
Statoil ASA 585 12,500
Statoil ASA, ADR (L) 4,800 103,440
Stone Energy Corp. (I) 700 11,347
Straits Asia Resources, Ltd. 8,000 11,952
Suncor Energy, Inc. 10,139 258,917
Sunoco, Inc. 2,100 65,121
Surgutneftegaz, ADR 424 3,371
Surgutneftegaz, ADR 3,050 24,346
Swift Energy Company (I) 500 12,170
Talisman Energy, Inc. 5,500 67,602
Tambang Batubara Bukit Asam Tbk PT 6,000 11,231
Teekay Corp. 600 13,566
Tesoro Corp. (I) 2,000 38,940
Tethys Petroleum Ltd. (I) 400 210
Thai Oil PCL 7,000 11,428
The Williams Companies, Inc. 4,400 107,096
TonenGeneral Sekiyu KK 2,000 22,937
Torm A/S (I) 300 417
Total SA 4,262 187,914
Total SA, ADR 6,600 289,542
Trans-Canada Corp. 3,839 155,846

 

100

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Oil, Gas & Consumable Fuels (continued)    
Transglobe Energy Corp. (I) 600 $ 4,833
Trilogy Energy Corp. 400 10,306
Tullow Oil PLC 4,144 84,076
Tupras Turkiye Petrol Rafinerileri AS 1,069 22,023
UEX Corp. (I) 800 443
UK Coal PLC (I) 992 530
Ultra Petroleum Corp. (I) 1,300 36,036
Ultrapar Participacoes SA 800 12,552
Ultrapar Participacoes SA, ADR 1,200 18,996
Uranium Energy Corp. (I)(L) 1,600 4,384
Uranium One, Inc. (L) 7,500 14,815
USEC, Inc. (I) 2,500 4,025
Vaalco Energy, Inc. (I) 600 2,916
Valero Energy Corp. 8,000 142,240
Venoco, Inc. (I) 500 4,405
Vermilion Energy, Inc. 420 17,651
Vero Energy, Inc. (I) 300 684
W&T Offshore, Inc. 1,000 13,760
Warren Resources, Inc. (I) 900 2,160
Western Refining, Inc. (I)(L) 1,400 17,444
Whitehaven Coal, Ltd. 1,593 8,072
Whiting Petroleum Corp. (I) 1,800 63,144
Woodside Petroleum, Ltd. 2,975 92,100
World Fuel Services Corp. (L) 800 26,120
Yanzhou Coal Mining Company, Ltd., ADR 1,300 27,430
Yanzhou Coal Mining Company, Ltd., Class H 4,000 8,407
Zargon Oil & Gas, Ltd. 455 5,497
 
    19,283,947
    22,696,225
Financials - 11.20%    
 
Capital Markets    
IOOF Holdings, Ltd. 1,604 8,286
Macquarie Group, Ltd. 2,597 55,553
Perpetual Trust of Australia, Ltd. 325 6,388
Platinum Asset Management, Ltd. 1,354 4,939
CETIP SA - Balcao Organizado de Ativos    
e Derivativos 1,400 17,498
AGF Management, Ltd. 1,356 19,617
Canaccord Capital, Inc. 1,200 10,936
CI Financial Corp. 800 15,834
Dundee Capital Markets, Inc. (I) 600 447
GMP Capital, Inc. 600 4,163
IGM Financial, Inc. (L) 700 29,753
Sprott, Inc. 752 4,665
Altamir Amboise (I) 346 3,020
Deutsche Bank AG (L) 5,850 202,469
MLP AG 663 4,210
Marfin Investment Group SA (I) 7,394 2,350
Proton Bank SA (I) 1,023 313
Allied Properties HK, Ltd. 20,000 2,638
China Sci-Tech Holdings, Ltd. (I) 240,000 2,934
Get Nice Holdings, Ltd. 30,000 1,293
Value Partners Group, Ltd. 11,000 4,129
Azimut Holding SpA 1,451 10,005
Mediobanca SpA 3,919 30,865
Daiwa Securities Group, Inc. 10,000 37,314
Ichiyoshi Securities Company, Ltd. 1,100 6,505
kabu.com Securities Company, Ltd. 1,400 3,876
Matsui Securities Company, Ltd. 1,600 7,195
Monex Group, Inc. 48 7,421
Nomura Holdings, Inc. 19,500 71,056
Okasan Holdings, Inc. 3,000 10,086
SBI Holdings, Inc. 152 13,130
Tokai Tokyo Securities Company, Ltd. 3,000 9,106

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Capital Markets (continued)    
Brait SA (I) 11,084 $ 24,116
BinckBank NV 387 4,248
Van der Moolen Holding NV (I) 1,420 19
ABG Sundal Collier Holding ASA 5,096 3,526
UOB-Kay Hian Holdings, Ltd. 8,000 9,290
Coronation Fund Managers, Ltd. 4,050 9,911
Investec, Ltd. 1,608 8,757
Peregrine Holdings, Ltd. 3,334 4,118
Daewoo Securities Company, Ltd. 1,300 11,252
Daishin Securities Company, Ltd. 870 7,390
Eugene Investment &    
Securities Company, Ltd. (I) 773 2,079
Hanwha Securities Company, Ltd. 1,080 4,479
Hyundai Securities Company, Ltd. 1,170 9,223
KIWOOM Securities Company, Ltd. 141 6,727
Korea Investment Holdings Company, Ltd. 460 13,220
KTB Network Corp. (I) 2,310 4,925
Mirae Asset Securities Company, Ltd. 306 7,221
NH Investment & Securities Company, Ltd. 1,249 5,028
Samsung Securities Company, Ltd. 377 16,275
SK Securities Company, Ltd. 3,120 2,859
Tong Yang Investment Bank 370 1,401
Woori Investment & Securities Company, Ltd. 740 6,823
Avanza Bank Holding AB 300 7,125
Ratos AB 1,810 20,815
Bank Sarasin & Compagnie AG 196 5,987
Credit Suisse Group AG, ADR (L) 6,000 157,440
EFG International (I) 308 2,271
GAM Holding, Ltd. (I) 1,827 22,834
Julius Baer Group, Ltd. (I) 1,593 53,086
Partners Group Holding AG 72 11,846
Swissquote Group Holding SA 142 5,841
UBS AG (Swiss Exchange) (I) 21,485 244,570
Vontobel Holding AG 286 7,197
Capital Securities Corp. 15,403 5,078
Polaris Securities Company, Ltd. 12,000 7,890
Waterland Financial Holding Company 23,430 8,168
Yuanta Financial Holdings Company, Ltd. (I) 44,760 22,432
Ashmore Group PLC 2,022 10,139
Close Brothers Group PLC 2,056 20,996
Evolution Group PLC 6,137 7,632
F&C Asset Management PLC 4,118 4,178
Hargreaves Lansdown PLC 1,126 7,864
Henderson Group PLC 3,377 5,372
ICAP PLC 4,862 30,905
Intermediate Capital Group PLC 1,170 3,894
Investec PLC 5,041 27,186
Man Group PLC 12,668 32,762
Rathbone Brothers PLC 756 12,203
Schroders PLC 992 19,682
Schroders PLC, Non-Voting Shares 749 12,076
Tullett Prebon PLC 2,196 11,557
Affiliated Managers Group, Inc. (I) 900 70,245
American Capital, Ltd. (I) 5,031 34,311
Ameriprise Financial, Inc. 3,400 133,824
BGC Partners, Inc., Class A 1,200 7,236
BlackRock, Inc. 1,075 159,111
Calamos Asset Management, Inc. 400 4,004
Capital Southwest Corp. 100 7,400
Cohen & Steers, Inc. 609 17,509
Cowen Group, Inc., Class A (I) 1,000 2,710
Duff & Phelps Corp. 200 2,132
E*TRADE Financial Corp. (I) 3,250 29,608
Eaton Vance Corp. 1,600 35,632
Edelman Financial Group, Inc. 900 5,814
Epoch Holding Corp. 11 149

 

101

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Capital Markets (continued)    
Evercore Partners, Inc., Class A 300 $ 6,840
Federated Investors, Inc., Class B (L) 1,400 24,542
Franklin Resources, Inc. 1,600 153,024
GAMCO Investors, Inc., Class A 100 3,939
GFI Group, Inc. 2,600 10,452
Gleacher & Company, Inc. (I) 1,300 1,547
Greenhill & Company, Inc. (L) 500 14,295
Harris & Harris Group, Inc. (I) 600 2,130
HFF, Inc. (I) 500 4,370
ICG Group, Inc. (I) 800 7,368
International FCStone, Inc. (I) 300 6,228
Invesco, Ltd. 6,659 103,281
Investment Technology Group, Inc. (I) 900 8,811
Janus Capital Group, Inc. (L) 2,400 14,400
Jefferies Group, Inc. 2,400 29,784
JMP Group, Inc. 400 2,324
KBW, Inc. 500 6,895
Knight Capital Group, Inc., Class A (I) 1,400 17,024
Legg Mason, Inc. 2,100 53,991
MCG Capital Corp. 2,100 8,316
Medallion Financial Corp. 300 2,790
MF Global Holdings, Ltd. (I) 2,000 8,260
Morgan Stanley 15,461 208,724
Northern Trust Corp. 3,500 122,430
Penson Worldwide, Inc. (I)(L) 200 290
Piper Jaffray Companies (I) 200 3,586
Raymond James Financial, Inc. 1,800 46,728
Rodman & Renshaw Capital Group, Inc. (I) 1,000 1,100
Safeguard Scientifics, Inc. (I) 400 6,000
SEI Investments Company 1,800 27,684
State Street Corp. 5,700 183,312
Stifel Financial Corp. (I) 825 21,912
SWS Group, Inc. (I) 400 1,876
T. Rowe Price Group, Inc. 2,000 95,540
TD Ameritrade Holding Corp. 2,497 36,718
Teton Advisors, Inc., Class A 1 16
The Bank of New York Mellon Corp. 14,150 263,049
The Charles Schwab Corp. 8,618 97,125
The Goldman Sachs Group, Inc. 4,412 417,155
Virtus Investment Partners, Inc. (I) 85 4,558
Waddell & Reed Financial, Inc., Class A 1,200 30,012
Westwood Holdings Group, Inc. 200 6,910
 
    4,134,928
 
Commercial Banks    
Australia & New Zealand Banking Group, Ltd. 14,460 268,544
Bank of Queensland, Ltd. 1,632 11,159
Bendigo and Adelaide Bank, Ltd. 3,642 29,520
Commonwealth Bank of Australia 7,399 321,712
National Australia Bank, Ltd. 12,492 265,404
Westpac Banking Corp, ADR 1,400 134,484
Westpac Banking Corp. 7,680 147,610
Erste Group Bank AG 1,943 49,525
Raiffeisen Bank International AG (L) 528 15,430
Dexia SA (I) 5,143 9,759
KBC Bancassurance Holding NV 1,556 35,814
Banco Bradesco SA 5,146 62,784
Banco Bradesco SA, ADR 11,774 174,137
Banco do Brasil SA 5,245 69,292
Banco Santander Brasil SA, ADR 7,100 51,972
Itau Unibanco Holding SA 1,000 13,562
Itau Unibanco Holding SA, ADR 6,715 104,217
Bank of Montreal (L) 4,047 226,464
Bank of Nova Scotia (L) 4,984 250,746
Canadian Imperial Bank of Commerce (L) 1,984 138,931
Canadian Western Bank 645 15,806

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Commercial Banks (continued)    
Laurentian Bank of Canada 300 $ 12,823
National Bank of Canada (L) 800 53,356
Royal Bank of Canada (L) 6,794 311,594
The Toronto-Dominion Bank 4,400 313,194
Banco de Chile, ADR 525 36,671
Banco de Credito e Inversiones 236 11,104
Banco Santander Chile SA, ADR (L) 300 22,044
CorpBanca SA, ADR (L) 333 6,474
Bank of China, Ltd., Class H 353,100 107,740
Bank of Communications    
Company, Ltd., Class H (I) 41,225 23,907
China Citic Bank Corp., Ltd. 47,000 18,783
China Construction Bank Corp. (I) 255,891 152,692
China Merchants Bank Company, Ltd. 21,628 32,753
China Minsheng Banking Corp. Ltd. 12,000 7,200
Industrial & Commercial Bank of China 309,730 149,715
BanColombia SA, ADR 200 11,140
Bank of Cyprus PCL 3,424 5,325
Komercni Banka AS 109 20,318
Danske Bank A/S (I) 3,262 45,721
Fionia Bank A/S (I) 550 0
Jyske Bank A/S (I) 712 21,116
Ringkjoebing Landbobank A/S 36 3,591
Spar Nord Bank A/S (I) 600 3,744
Sydbank A/S 511 9,029
BNP Paribas 5,029 199,060
Credit Agricole SA (L) 5,426 37,300
Natixis 8,995 28,471
Societe Generale 3,472 90,972
Comdirect Bank AG 358 3,517
Commerzbank AG (I) 17,645 44,419
DVB Bank AG 130 4,145
Agricultural Bank of Greece (I) 272 131
Alpha Bank AE (I) 4,746 8,430
Bank of Greece SA 162 3,823
EFG Eurobank Ergasias SA (I) 3,504 4,352
Geniki Bank SA (I) 568 218
Greek Postal Savings Bank SA (I) 615 630
National Bank of Greece SA (I) 6,037 22,073
Piraeus Bank SA (I) 19,556 12,207
Bank of East Asia, Ltd. 10,893 32,913
BOC Hong Kong Holdings, Ltd. 18,000 37,851
Chong Hing Bank, Ltd. 4,000 7,062
Dah Sing Banking Group, Ltd. 4,840 4,233
Dah Sing Financial Group 900 2,431
Hang Seng Bank, Ltd. 3,000 35,154
Wing Hang Bank, Ltd. 1,500 12,160
OTP Bank PLC 2,723 40,101
Allahabad Bank 1,093 3,478
Axis Bank, Ltd. 1,420 29,407
Bank of India 845 5,372
Canara Bank 847 7,555
Federal Bank, Ltd. 3,403 25,056
HDFC Bank Ltd. 2,330 21,951
HDFC Bank, Ltd., ADR 1,500 43,725
ICICI Bank, Ltd., ADR 2,200 76,384
Indian Bank 736 3,161
Indian Overseas Bank 3,112 5,855
IndusInd Bank, Ltd. 2,263 11,842
Industrial Development Bank of India, Ltd. 2,292 4,767
Karnataka Bank, Ltd. 259 440
Oriental Bank of Commerce 416 2,467
State Bank of India 396 15,331
Yes Bank, Ltd. 1,666 9,070
Bank Central Asia Tbk PT 60,000 51,700
Bank Danamon Indonesia Tbk PT 32,996 16,940

 

102

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Commercial Banks (continued)    
Bank Mandiri Tbk PT 37,228 $ 25,998
Bank Negara Indonesia Persero Tbk PT 11,598 4,772
Bank Pan Indonesia Tbk PT (I) 104,500 7,592
Bank Permata Tbk PT (I) 6,000 1,044
Bank Rakyat Indonesia Tbk PT 59,000 38,711
Bank Tabungan Pensiunan Nasional Tbk PT (I) 7,500 2,787
Anglo Irish Bank Corp. PLC (I) 3,621 0
Bank of Ireland (L) 2,000 2,060
Bank Hapoalim, Ltd. 7,512 26,079
Bank Leumi Le-Israel, Ltd. 8,417 26,023
Israel Discount Bank, Ltd. (I) 494 724
Mizrahi Tefahot Bank, Ltd. 1,337 11,016
Banca Carige SpA 7,025 13,611
Banca Monte dei Paschi di Siena SpA 13,824 7,692
Banca Popolare Dell’emilia    
Romagna SCRL (L) 1,398 13,639
Banca Popolare dell’Etruria e del    
Lazio SpA (I) 1,132 2,281
Banca Popolare di Milano SpA (L) 3,194 7,951
Banca Popolare di Sondrio SCRL 1,955 14,229
Banche Popolari Unite SpA 4,010 14,807
Banco di Desio e della Brianza SpA 669 3,029
Banco Popolare Societa Cooperativa 3,700 6,093
Credito Artigiano SpA 655 793
Credito Bergamasco SpA 157 4,208
Credito Emiliano SpA 637 2,518
Intesa Sanpaolo SpA 45,395 70,930
Piccolo Credito Valtellinese SCRL 2,715 8,125
UniCredit SpA 92,840 98,798
Aichi Bank, Ltd. 100 6,290
Akita Bank, Ltd. 3,000 9,778
Aomori Bank, Ltd. 1,000 3,461
Aozora Bank, Ltd. 7,000 16,045
Awa Bank, Ltd. 2,000 13,767
Bank of Kyoto, Ltd. 3,000 26,683
Bank of Saga, Ltd. 3,000 8,216
Bank of the Ryukyus, Ltd. 900 12,254
Chiba Bank, Ltd. 5,000 34,600
Chugoku Bank, Ltd. 2,000 29,445
Chuo Mitsui Trust Holdings, Inc. 18,430 60,926
Daisan Bank, Ltd. 1,000 2,441
Daishi Bank, Ltd. 3,000 10,239
Ehime Bank, Ltd. 1,000 3,073
Fukui Bank, Ltd. 2,000 6,642
Fukuoka Financial Group, Inc. 8,000 33,482
Gunma Bank 4,000 22,271
Higashi-Nippon Bank, Ltd. 3,000 6,562
Higo Bank, Ltd. 2,000 12,032
Hokuetsu Bank, Ltd. 5,000 10,791
Hokuhoku Financial Group, Inc. 10,000 21,791
Hyakujushi Bank, Ltd. 2,000 9,119
Iyo Bank, Ltd. 2,000 20,372
Joyo Bank, Ltd. 5,000 23,240
Juroku Bank, Ltd. 3,000 9,858
Kagoshima Bank, Ltd. 2,000 14,519
Keiyo Bank, Ltd. 2,000 10,803
Kita-Nippon Bank, Ltd. 100 2,761
Kiyo Holdings, Inc. 11,000 17,014
Minato Bank, Ltd. 6,000 11,405
Mitsubishi UFJ Financial Group 73,747 331,461
Mizuho Financial Group, Inc. 95,480 137,905
Musashino Bank, Ltd. 500 17,862
Nishi-Nippon City Bank, Ltd. 8,000 24,573
Ogaki Kyoritsu Bank, Ltd. 2,000 6,912
Resona Holdings, Inc. 5,100 24,147
Sapporo Hokuyo Holdings, Inc. 300 1,061

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Commercial Banks (continued)    
Senshu Ikeda Holdings, Inc. 10,200 $ 16,736
Shiga Bank, Ltd. 2,000 13,753
Shikoku Bank, Ltd. 1,000 4,109
Shimizu Bank, Ltd. 100 4,458
Shinsei Bank, Ltd. 12,000 13,474
Shizuoka Bank, Ltd. 5,000 52,317
Sumitomo Mitsui Financial Group 7,836 221,148
Suruga Bank, Ltd. 2,000 19,447
The 77th Bank, Ltd. 4,000 18,054
The Bank of Yokohama, Ltd. 9,000 45,089
The Chiba Kogyo Bank, Ltd. (I) 700 4,262
The Hachijuni Bank, Ltd. 3,000 18,366
The Hiroshima Bank, Ltd. 5,000 24,718
The Hokkoku Bank, Ltd. 3,000 11,186
The Hyakugo Bank, Ltd. 2,000 8,496
The Nanto Bank, Ltd. 2,000 11,955
The San-in Godo Bank, Ltd. 2,000 15,421
The Yachiyo Bank, Ltd. 300 8,527
Tochigi Bank, Ltd. 1,000 3,872
Toho Bank, Ltd. 3,000 8,323
Tomato Bank, Ltd. 1,000 1,843
TOMONY Holdings, Inc. 2,000 9,020
Yamagata Bank, Ltd. 1,000 5,463
Yamaguchi Financial Group, Inc. 2,000 20,170
Yamanashi Chuo Bank, Ltd. 3,000 13,776
Liechtensteinische Landesbank AG 43 2,439
Alliance Financial Group BHD 11,800 12,070
CIMB Group Holdings BHD 24,400 52,921
Hong Leong Bank BHD 2,800 8,907
Hong Leong Credit BHD 3,700 12,566
Malayan Banking BHD 19,291 47,504
RHB Capital BHD 5,310 11,588
Grupo Financiero Banorte SAB de CV 13,100 38,719
Grupo Financiero Inbursa SA 13,000 21,738
DnB NOR ASA 5,320 53,111
Sparebanken Midt-Norge ASA 672 4,463
Credicorp, Ltd., ADR 495 45,639
Banco de Oro Unibank, Inc. 3,150 3,646
Bank of the Philippine Islands 11,494 14,593
Metropolitan Bank & Trust Company 2,360 3,524
Philippine National Bank (I) 6,050 6,407
Bank Handlowy w Warszawie SA 220 4,589
Bank Pekao SA 521 20,793
BRE Bank SA (I) 230 16,481
Getin Holding SA (I) 5,326 11,570
ING Bank Slaski SA 79 17,412
Kredyt Bank SA 1,216 4,505
Powszechna Kasa Oszczednosci    
Bank Polski SA 2,371 23,229
Banco BPI SA (I) 5,418 4,935
Banco Comercial Portugues SA (I)(L) 17,318 4,493
Banco Espirito Santo SA 3,710 9,824
First BanCorp/Puerto Rico (I) 133 372
Oriental Financial Group, Inc. 500 4,835
Popular, Inc. (I) 12,511 18,767
VTB Bank OJSC, GDR 4,425 18,278
DBS Group Holdings, Ltd. 10,477 93,924
Oversea-Chinese Banking Corp., Ltd. 13,352 82,166
United Overseas Bank, Ltd. 8,068 103,848
ABSA Group, Ltd. 2,063 34,223
Capitec Bank Holdings, Ltd. 330 7,828
Nedbank Group, Ltd. 1,710 28,903
Standard Bank Group, Ltd. 5,981 68,543
BS Financial Group, Inc. (I) 490 5,364
DGB Financial Group, Inc. (I) 910 10,553
Hana Financial Group, Inc. 1,460 42,429

 

103

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Commercial Banks (continued)    
Industrial Bank of Korea 1,290 $ 14,507
Jeonbuk Bank, Ltd. 460 1,928
KB Financial Group, Inc. 600 19,596
KB Financial Group, Inc., ADR 1,600 52,416
Korea Exchange Bank 1,880 11,037
Shinhan Financial Group Company, Ltd., ADR 1,200 82,128
Woori Finance Holdings Company, Ltd. 3,770 30,941
Banco Bilbao Vizcaya Argentaria SA 11,678 95,153
Banco Bilbao Vizcaya    
Argentaria SA, ADR (L) 10,023 81,487
Banco de Sabadell SA 6,485 23,227
Banco de Valencia SA (I) 1,883 1,941
Banco Espanol De Credito SA 577 3,446
Banco Pastor SA 2,014 7,757
Banco Popular Espanol SA (L) 6,925 31,887
Banco Santander SA 29,626 242,194
Banco Santander SA, ADR 18,813 151,257
Bankinter SA (L) 2,422 13,192
Nordea Bank AB 18,930 152,959
Skandinaviska Enskilda Banken AB, Series A 10,992 59,099
Svenska Handelsbanken AB, Series A 3,305 84,020
Swedbank AB, Class A 5,160 56,860
Bank Coop AG 219 15,806
Banque Cantonale Vaudoise 51 26,282
Basler Kantonalbank 42 6,416
Berner Kantonalbank 51 14,043
Luzerner Kantonalbank AG (I) 38 13,428
St. Galler Kantonalbank 37 16,401
Valiant Holding AG 141 19,018
Chang Hwa Commercial Bank, Ltd. 31,610 17,966
China Development Financial Holdings Corp. 142,029 40,950
Chinatrust Financial Holding Company, Ltd. 49,436 28,117
E.Sun Financial Holding Company, Ltd. 33,489 16,342
Entie Commercial Bank 3,000 1,063
Far Eastern International Bank 21,000 7,985
First Financial Holding Company, Ltd. 47,358 30,319
Hua Nan Financial Holdings Company, Ltd. 30,200 18,066
King’s Town Bank (I) 36,000 19,766
Mega Financial Holding Company, Ltd. 47,940 32,960
SinoPac Holdings Company, Ltd. 68,838 22,036
Ta Chong Bank Company, Ltd. (I) 12,000 3,012
Taishin Financial Holdings Company, Ltd. 40,969 15,698
Taiwan Business Bank (I) 27,170 7,843
Taiwan Cooperative Bank 39,061 23,489
Bangkok Bank PCL 3,700 16,553
Bangkok Bank PCL (Foreign    
Registered Shares) 2,900 13,549
Bank of Ayudhya PCL 31,800 20,101
Kasikornbank PCL (Foreign Shares) 7,700 28,920
Krung Thai Bank PCL 42,800 21,204
Siam Commercial Bank PCL 2,300 7,843
TMB Bank PCL 210,100 9,665
Akbank AS 5,295 20,813
Albaraka Turk Katilim Bankasi AS 2,272 2,288
Asya Katilim Bankasi AS (I) 1,317 1,369
GSD Holding (I) 8,585 3,260
Sekerbank AS 9,942 5,001
Turkiye Garanti Bankasi AS 5,912 22,922
Turkiye Halk Bankasi AS 1,645 11,790
Turkiye Is Bankasi 9,352 24,083
Turkiye Sinai Kalkinma Bankasi AS 6,514 6,944
Turkiye Vakiflar Bankasi Tao 5,846 11,673
Yapi ve Kredi Bankasi AS (I) 4,484 9,911
Barclays PLC, ADR (L) 15,600 152,568
HSBC Holdings PLC, ADR 22,982 874,235
Lloyds Banking Group PLC (I) 28,330 15,022

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Commercial Banks (continued)    
Lloyds TSB Group PLC (I)(L) 21,187 $ 44,281
Royal Bank of Scotland Group PLC (I) 26,755 9,578
Royal Bank of Scotland Group PLC, ADR (I) 5,300 37,789
Standard Chartered PLC 14,509 289,591
1st Source Corp. 600 12,498
1st United Bancorp, Inc. (I) 600 2,958
Ameris Bancorp (I)(L) 203 1,768
Arrow Financial Corp. 218 4,859
Associated-Banc Corp. 2,800 26,040
BancFirst Corp. 200 6,632
Bancorp, Inc. (I) 700 5,012
BancorpSouth, Inc. (L) 1,300 11,414
Bank of Hawaii Corp. 800 29,120
Bank of the Ozarks, Inc. 400 8,372
BB&T Corp. 7,400 157,842
BOK Financial Corp. 1,000 46,890
Boston Private Financial Holdings, Inc. 1,106 6,503
Bryn Mawr Bank Corp. 150 2,486
Camden National Corp. 200 5,446
Capital City Bank Group, Inc. (L) 200 2,080
CapitalSource, Inc. 3,600 22,104
Capitol Bancorp, Ltd. (I)(L) 900 74
Cardinal Financial Corp. 600 5,172
Cathay General Bancorp 1,300 14,794
Center Financial Corp. (I) 800 3,752
Centerstate Banks, Inc. 300 1,569
Chemical Financial Corp. 400 6,124
CIT Group, Inc. (I) 2,700 81,999
City Holding Company 400 10,796
City National Corp. 700 26,432
CoBiz Financial, Inc. 700 3,129
Columbia Banking System, Inc. 500 7,160
Comerica, Inc. 2,949 67,739
Commerce Bancshares, Inc. 1,202 41,770
Community Bank Systems, Inc. 600 13,614
Community Trust Bancorp, Inc. 300 6,987
Cullen/Frost Bankers, Inc. (L) 900 41,274
CVB Financial Corp. 900 6,921
East West Bancorp, Inc. 1,900 28,329
Encore Bancshares, Inc. (I)(L) 200 2,132
Enterprise Financial Services Corp. 100 1,359
Fifth Third Bancorp 11,000 111,100
Financial Institutions, Inc. 100 1,426
First BanCorp, Inc. 133 0
First Bancorp/Troy NC 300 3,012
First Busey Corp. 1,300 5,655
First Commonwealth Financial Corp. 1,500 5,550
First Community Bancshares, Inc. 300 3,060
First Financial Bancorp 1,000 13,800
First Financial Bankshares, Inc. (L) 450 11,772
First Financial Corp./Indiana 200 5,502
First Horizon National Corp. 3,254 19,394
First Merchants Corp. 300 2,115
First Midwest Bancorp, Inc. 800 5,856
First Security Group, Inc. (I) 30 65
FirstMerit Corp. 1,318 14,972
FNB Corp. 1,800 15,426
Fulton Financial Corp. 2,800 21,420
German American Bancorp, Inc. 200 3,224
Glacier Bancorp, Inc. 1,200 11,244
Great Southern Bancorp, Inc. (L) 200 3,356
Greene County Bancshares, Inc. (I) 200 254
Hancock Holding Company 1,385 37,090
Heartland Financial USA, Inc. 400 5,672
Home Bancshares, Inc. 228 4,838
Hudson Valley Holding Corp. 220 3,835

 

104

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Commercial Banks (continued)    
Huntington Bancshares, Inc. 11,700 $ 56,160
IBERIABANK Corp. 600 28,236
Independent Bank Corp. - MA (L) 500 10,870
International Bancshares Corp. (L) 1,300 17,095
Investors Bancorp, Inc. (I) 2,811 35,503
KeyCorp 13,328 79,035
Lakeland Bancorp, Inc. 210 1,642
Lakeland Financial Corp. 200 4,132
M&T Bank Corp. 1,916 133,928
MainSource Financial Group, Inc. 700 6,104
MB Financial, Inc. 900 13,248
Metro Bancorp, Inc. (I) 400 3,460
Nara Bancorp, Inc. (I) 700 4,249
National Penn Bancshares, Inc. 1,500 10,515
NBT Bancorp, Inc. 300 5,586
Northfield Bancorp, Inc. (L) 900 11,916
Old National Bancorp 1,500 13,980
Old Second Bancorp, Inc. (I)(L) 200 252
Pacific Capital Bancorp (I) 500 12,760
Pacific Continental Corp. 400 2,836
PacWest Bancorp (L) 500 6,970
Park National Corp. (L) 300 15,864
Peoples Bancorp, Inc. 100 1,100
Pinnacle Financial Partners, Inc. (I)(L) 500 5,470
PNC Financial Services Group, Inc. 5,800 279,502
PrivateBancorp, Inc. 900 6,768
Prosperity Bancshares, Inc. (L) 700 22,876
Regions Financial Corp. 16,700 55,611
Renasant Corp. 200 2,546
Republic Bancorp, Inc., Class A 300 5,313
Republic First Bancorp, Inc. (I) 700 1,099
S&T Bancorp, Inc. 400 6,464
Sandy Spring Bancorp, Inc. 300 4,389
SCBT Financial Corp. 300 7,404
Sierra Bancorp 100 915
Signature Bank (I) 700 33,411
Simmons First National Corp., Class A 200 4,340
Southside Bancshares, Inc. 430 7,744
Southwest Bancorp, Inc. (I) 200 844
State Bancorp, Inc. 200 2,114
StellarOne Corp. 200 1,990
Sterling Bancorp 600 4,356
Sterling Financial Corp. (I) 4 50
Suffolk Bancorp (I) 100 832
Sun Bancorp, Inc. (I) 315 835
SunTrust Banks, Inc. 6,000 107,700
Susquehanna Bancshares, Inc. 2,100 11,487
SVB Financial Group (I) 700 25,900
SY Bancorp, Inc. 100 1,862
Synovus Financial Corp. (L) 12,700 13,589
Taylor Capital Group, Inc. (I) 400 2,568
TCF Financial Corp. 1,900 17,404
Texas Capital Bancshares, Inc. (I) 800 18,280
Tompkins Financial Corp. 110 3,936
Tower Bancorp., Inc. 200 4,188
TowneBank (L) 500 5,685
TriCo Bancshares 400 4,908
Trustmark Corp. (L) 1,100 19,965
U.S. Bancorp 17,500 411,950
UMB Financial Corp. 700 22,456
Umpqua Holdings Corp. 2,100 18,459
Union First Market Bankshares Corp. 100 1,072
United Bankshares, Inc. 900 18,081
United Community Banks, Inc. (I) 81 688
Univest Corp. of Pennsylvania 200 2,666
Valley National Bancorp 2,198 23,277

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Commercial Banks (continued)    
Virginia Commerce Bancorp, Inc. (I) 600 $ 3,522
Washington Banking Company 400 3,892
Washington Trust Bancorp, Inc. 400 7,912
Webster Financial Corp. 1,300 19,890
Wells Fargo & Company 58,135 1,402,216
WesBanco, Inc. 400 6,924
West Bancorp, Inc. 800 6,784
West Coast Bancorp (I) 241 3,374
Westamerica Bancorp. (L) 400 15,328
Western Alliance Bancorp (I) 1,400 7,672
Wilshire Bancorp, Inc. (I) 700 1,918
Wintrust Financial Corp. 500 12,905
Zions Bancorporation (L) 2,344 32,980
 
    15,223,584
 
Commercial Services & Supplies    
K-Green Trust 1,400 953
 
Consumer Finance    
Allied Group, Ltd. 2,000 5,034
Mahindra & Mahindra Financial Services, Ltd. 237 3,127
Shriram Transport Finance Company 782 9,654
Credit Saison Company, Ltd. 1,800 34,640
Compartamos SAB de CV 12,100 16,359
Samsung Card Company, Ltd. 400 13,843
International Personal Finance PLC 1,077 3,712
Provident Financial PLC 1,356 21,070
Advance America Cash Advance Centers, Inc. 900 6,624
American Express Company 8,000 359,200
Capital One Financial Corp. 5,103 202,232
Cash America International, Inc. 500 25,580
CompuCredit Holdings Corp. (I) 591 1,649
Credit Acceptance Corp. (I) 500 32,180
DFC Global Corp. (I) 600 13,110
Discover Financial Services 7,200 165,168
EZCORP, Inc., Class A (I) 500 14,270
First Cash Financial Services, Inc. (I) 400 16,780
Nelnet, Inc., Class A 800 15,024
SLM Corp. 7,500 93,375
The First Marblehead Corp. (I) 800 816
World Acceptance Corp. (I) 300 16,785
 
    1,070,232
 
Diversified Financial Services    
AET&D Holdings No 1, Ltd. 2 0
Australian Stock Exchange, Ltd. 1,368 39,717
Challenger, Ltd. 7,270 29,488
Washington H Soul Pattinson    
& Company, Ltd. 1,874 22,968
Ackermans & Van Haaren NV (I) 310 21,794
Banque Nationale de Belgique 4 11,738
BM&F Bovespa SA 10,600 49,554
Onex Corp. 800 24,934
Sprott Resource Lending Corp. 1,200 1,580
TMX Group, Inc. 500 19,534
Pohjola Bank OYJ 2,267 23,826
Financiere Marc de Lacharriere SA 165 6,079
Arques Industries AG (I) 1,047 3,500
Deutsche Boerse AG (I) 991 49,764
Grenkeleasing AG 302 14,740
China Everbright, Ltd. 8,000 8,340
CSI Properties, Ltd 270,000 5,762
Hong Kong Exchanges & Clearing, Ltd. 4,300 61,702
Bajaj Holdings and Investment, Ltd. 665 9,713
Crisil Ltd. 190 3,239

 

105

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Diversified Financial Services (continued)    
Infrastructure Development    
Finance Company, Ltd. 5,962 $ 13,206
Kotak Mahindra Bank, Ltd. 1,923 17,714
Power Finance Corp. Ltd. 2,196 6,615
Reliance Capital, Ltd. 1,234 7,804
Rural Electrification Corp. Ltd. 3,171 11,058
Kardan Yazamut Ltd. Common Stock (I) 1,564 57
IBJ Leasing Company, Ltd. 200 4,815
AMMB Holdings BHD 15,200 27,067
Bursa Malaysia BHD 3,900 7,417
Mulpha International BHD (I) 53,500 5,801
Bolsa Mexicana de Valores SAB de CV 5,700 7,871
Inmuebles Carso SAB de CV, Class B1 (I) 5,300 3,871
ING Groep NV (I) 14,498 102,037
ING Groep NV ADR (I)(L) 7,242 51,056
Kardan Nvkardan NV (I) 1,564 3,947
SNS REAAL NV (I) 1,920 4,768
Ayala Corp. 1,880 12,387
Singapore Exchange, Ltd. 5,000 25,084
African Bank Investments, Ltd. 6,694 27,215
FirstRand, Ltd. 15,326 37,012
JSE, Ltd. 219 1,737
Mvelaphanda Group, Ltd. (I) 10,184 4,214
PSG Group, Ltd. 1,178 6,699
Meritz Finance Holdings Co, Ltd.    
(I) 303 548
Bolsas y Mercados Espanoles SA 488 13,105
CaixaBank 7,076 31,205
Bure Equity AB (I) 284 776
D Carnegie & Company AB (I) 700 0
Fubon Financial Holding Company, Ltd. 27,296 28,249
Thanachart Captial PCL 2,100 1,841
Aberdeen Asset Management PLC 7,201 19,263
IG Group Holdings PLC 2,931 20,253
London Stock Exchange Group PLC 1,258 15,785
Asset Acceptance Capital Corp. (I) 200 674
Bank of America Corp. 116,312 711,829
Citigroup, Inc. 21,701 555,980
CME Group, Inc. 900 221,760
Encore Capital Group, Inc. (I) 600 13,110
Interactive Brokers Group, Inc., Class A 400 5,572
IntercontinentalExchange, Inc. (I) 1,000 118,260
JPMorgan Chase & Company 49,179 1,481,271
Leucadia National Corp. 3,400 77,112
Life Partners Holdings, Inc. 156 944
MarketAxess Holdings, Inc. 600 15,612
Moody’s Corp. 2,000 60,900
MSCI, Inc. (I) 1,226 37,185
NewStar Financial, Inc. (I) 1,100 10,274
NYSE Euronext 3,700 85,988
PHH Corp. (I) 900 14,472
PICO Holdings, Inc. (I) 500 10,255
Portfolio Recovery Associates, Inc. (I) 200 12,444
Resource America, Inc. 565 2,548
The NASDAQ OMX Group, Inc. (I) 2,800 64,792
 
    4,429,431
 
Household Durables    
Sjaelso Gruppen A/S (I) 150 40
 
Insurance    
AMP, Ltd. 15,452 58,004
NIB Holdings, Ltd. 7,722 10,223
NRMA Insurance Group, Ltd. 15,517 44,868
QBE Insurance Group, Ltd. 5,276 64,734
Suncorp-Metway, Ltd. 10,537 80,117

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Insurance (continued)    
Uniqa Versicherungen AG 343 $ 5,330
Wiener Staedtische Allgemeine    
Versicherung AG 482 18,305
Ageas 13,918 23,942
Alterra Capital Holdings, Ltd. (L) 1,500 28,455
Arch Capital Group, Ltd. (I) 2,400 78,420
Argo Group International Holdings, Ltd. 500 14,185
Aspen Insurance Holdings, Ltd. 1,200 27,648
Assured Guaranty, Ltd. 2,200 24,178
Axis Capital Holdings, Ltd. 2,000 51,880
Catlin Group, Ltd. 4,951 28,543
Endurance Specialty Holdings, Ltd. 800 27,320
Enstar Group, Ltd. (I) 200 19,046
Everest Re Group, Ltd. 800 63,504
Hiscox, Ltd. 4,702 26,849
Lancashire Holdings, Ltd. 97 1,039
Maiden Holdings, Ltd. 1,300 9,607
Montpelier Re Holdings, Ltd. 1,100 19,448
PartnerRe, Ltd. 1,200 62,724
Platinum Underwriters Holdings, Ltd. 800 24,600
RenaissanceRe Holdings, Ltd. 800 51,040
Validus Holdings, Ltd. 1,872 46,650
Porto Seguro SA 1,300 12,099
Sul America SA 2,700 22,976
Fairfax Financial Holdings, Ltd.    
(Toronto Exchange) 200 76,685
Great-West Lifeco, Inc. 1,500 29,502
Industrial Alliance Insurance and    
Financial Services, Inc. 900 26,590
Intact Financial Corp. 800 43,920
Kingsway Financial Services, Inc. (I) 1,600 1,130
Sun Life Financial, Inc. (Toronto    
Stock Exchange) (L) 4,063 97,048
Greenlight Capital Re, Ltd., Class A (I) 600 12,444
China Life Insurance Company, Ltd., ADR (L) 2,300 81,673
China Pacific Insurance Group Company, Ltd. 8,174 23,545
PICC Property & Casualty    
Company, Ltd., Class H 18,000 19,186
Ping An Insurance Group Company 7,500 41,732
Topdanmark A/S (I) 135 21,116
TrygVesta A/S 177 9,302
Sampo OYJ 2,893 72,457
April Group SA 269 4,115
AXA SA 10,607 137,722
CNP Assurances SA 1,760 25,988
Euler Hermes SA 217 13,107
SCOR SE 1,334 28,759
Allianz SE 2,504 235,628
Hannover Rueckversicherung AG 522 23,618
Muenchener Rueckversicherungs - Gesellschaft    
AG (MunichRe) 1,061 131,516
Asia Financial Holdings, Ltd. 22,000 8,177
China Taiping Insurance    
Holdings Company, Ltd. (I) 7,000 13,488
Bajaj Finserv, Ltd. 1,288 13,608
Beazley PLC 7,685 13,911
FBD Holdings PLC 77 667
Global Indemnity PLC (I) 450 7,686
XL Group PLC 4,803 90,296
Clal Insurance Enterprise Holdings, Ltd. 217 3,097
Menorah Mivtachim Holdings, Ltd. (I) 45 354
Migdal Insurance Holdings, Ltd. 3,100 3,952
Assicurazioni Generali SpA 6,967 110,054
Fondiaria-Sai SpA (I) 869 1,807
Mediolanum SpA 1,091 3,956
Milano Assicurazioni SpA (I) 1,886 845

 

106

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Insurance (continued)    
Societa’ Cattolica di Assicurazioni SCRL 635 $ 13,701
Unipol Gruppo Finanziario SpA, ADR (I) 8,796 3,712
MS&AD Insurance Group Holdings 3,182 68,966
NKSJ Holdings, Inc. 2,175 48,050
Sony Financial Holdings, Inc. 800 12,098
T&D Holdings, Inc. 4,000 37,648
The Dai-ichi Life Insurance Company, Ltd. 33 34,094
Tokio Marine Holdings, Inc. 4,100 103,929
Flagstone Reinsurance Holdings SA 1,500 11,625
LPI Capital BHD 400 1,460
Aegon NV (I) 12,421 50,075
Delta Lloyd NV 234 3,696
Tower, Ltd. 14,954 15,765
Storebrand ASA 3,919 19,686
Powszechny Zaklad Ubezpieczen SA 28 2,644
Discovery Holdings, Ltd., ADR 3,521 17,241
Liberty Holdings, Ltd. 983 9,706
MMI Holdings, Ltd. 8,546 17,960
Sanlam, Ltd. 16,519 55,078
Santam, Ltd. 141 2,409
Dongbu Insurance Company, Ltd. 320 13,477
Hanwha General Insurance Company, Ltd. (I) 1,210 8,128
Hyundai Marine & Fire    
Insurance Company, Ltd. 450 11,052
Korea Life Insurance Company Ltd. 1,640 7,489
Korean Reinsurance Company, Ltd. 1,407 16,154
LIG Non-Life Insurance Company, Ltd. 440 7,201
Meritz Fire & Marine    
Insurance Company, Ltd. 726 6,464
Samsung Fire & Marine    
Insurance Company, Ltd. 319 56,962
Tong Yang Life Insurance 730 8,224
Grupo Catalana Occidente SA 291 4,775
Mapfre SA 4,256 13,147
ACE, Ltd. 1,100 66,660
Allied World Assurance    
Company Holdings, Ltd. 800 42,968
Baloise Holding AG 399 29,160
Helvetia Patria Holding AG (I) 45 13,680
Schweizerische National-Versicherungs-    
Gesellschaft AG 483 16,210
Swiss Life Holding (I) 221 24,156
Swiss Re, Ltd. (I) 2,806 130,597
Zurich Financial Services AG (I) 1,130 233,939
Cathay Financial Holdings Company, Ltd. 29,194 33,094
China Life Insurance Company, Ltd. 18,332 17,243
Shin Kong Financial    
Holding Company, Ltd. (I) 42,512 12,471
Admiral Group PLC 1,595 31,271
Amlin PLC 5,558 24,361
Aviva PLC 20,827 98,410
Chesnara PLC 1,469 4,732
Jardine Lloyd Thompson Group PLC 1,381 13,503
Legal & General Group PLC 46,210 69,159
Novae Group PLC 791 3,713
Old Mutual PLC 44,194 71,454
Prudential PLC (L) 9,400 160,364
Resolution, Ltd. 16,885 64,810
RSA Insurance Group PLC 27,615 47,367
St James’s Place PLC 895 4,288
Standard Life PLC 18,251 56,523
Willis Group Holdings PLC 2,300 79,051
Aflac, Inc. 4,300 150,285
Alleghany Corp. (I) 104 30,004
American Equity Investment Life    
Holding Company 1,100 9,625

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Insurance (continued)    
American Financial Group, Inc. 1,600 $ 49,712
American International Group, Inc. (I) 1,100 24,145
American National Insurance Company 300 20,775
American Safety Insurance Holdings, Ltd. (I) 200 3,680
AMERISAFE, Inc. (I) 200 3,682
Amtrust Financial Services, Inc. 900 20,034
AON Corp. 2,600 109,148
Arthur J. Gallagher & Company 1,420 37,346
Assurant, Inc. 1,700 60,860
Berkshire Hathaway, Inc., Class B (I) 4,069 289,062
Brown & Brown, Inc. 1,900 33,820
Chubb Corp. 3,300 197,967
Cincinnati Financial Corp. 2,300 60,559
Citizens, Inc., Class A (I) 300 1,923
CNA Financial Corp. 3,900 87,633
CNO Financial Group, Inc. (I) 4,000 21,640
Delphi Financial Group, Inc., Class A 1,000 21,520
Donegal Group, Inc. 304 3,660
eHealth, Inc. (I) 200 2,732
EMC Insurance Group, Inc. 260 4,784
Employers Holdings, Inc. 600 7,656
Erie Indemnity Company 800 56,944
FBL Financial Group, Inc., Class A 500 13,310
Fidelity National Financial, Inc., Class A 4,200 63,756
First Acceptance Corp. (I) 800 984
First American Financial Corp. 1,400 17,920
Genworth Financial, Inc., Class A (I) 6,700 38,458
Hallmark Financial Services, Inc. (I) 500 3,685
Harleysville Group, Inc. 600 35,316
Hartford Financial Services Group, Inc. 5,900 95,226
HCC Insurance Holdings, Inc. 1,600 43,280
Hilltop Holdings, Inc. (I) 1,200 8,652
Horace Mann Educators Corp. 800 9,128
Independence Holding Company 200 1,450
Kemper Corp. 1,300 31,148
Lincoln National Corp. 4,600 71,898
Loews Corp. 4,565 157,721
Markel Corp. (I) 100 35,713
Marsh & McLennan Companies, Inc. 4,600 122,084
MBIA, Inc. (I)(L) 3,800 27,626
Meadowbrook Insurance Group, Inc. 1,100 9,801
Mercury General Corp. 800 30,680
MetLife, Inc. 9,500 266,095
National Financial Partners Corp. (I) 900 9,846
National Interstate Corp. 200 4,396
Old Republic International Corp. 3,830 34,164
OneBeacon Insurance Group, Ltd. 300 4,092
Presidential Life Corp. 300 2,466
Primerica, Inc. 1,300 28,028
Principal Financial Group, Inc. 4,600 104,282
ProAssurance Corp. 500 36,010
Protective Life Corp. 900 14,067
Prudential Financial, Inc. 5,100 238,986
Reinsurance Group of America, Inc. 1,100 50,545
RLI Corp. 400 25,432
Safety Insurance Group, Inc. 200 7,566
SeaBright Holdings, Inc. 200 1,440
Selective Insurance Group, Inc. 800 10,440
StanCorp Financial Group, Inc. 800 22,056
State Auto Financial Corp. 900 11,835
Stewart Information Services Corp. 200 1,768
The Allstate Corp. 5,800 137,402
The Hanover Insurance Group, Inc. 800 28,400
The Navigators Group, Inc. (I) 400 17,280
The Phoenix Companies, Inc. (I) 1,200 1,464
The Progressive Corp. 6,100 108,336

 

107

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Insurance (continued)    
The Travelers Companies, Inc. 5,900 $ 287,507
Torchmark Corp. 1,800 62,748
Tower Group, Inc. 700 16,002
Transatlantic Holdings, Inc. 1,000 48,520
United Fire & Casualty Company 500 8,845
Universal Insurance Holdings, Inc. 800 3,080
Unum Group (L) 4,620 96,835
W.R. Berkley Corp. 2,000 59,380
White Mountains Insurance Group, Ltd. 100 40,575
 
    8,323,135
 
Real Estate Management & Development    
Lend Lease Corp. 4,413 29,567
Peet & Company, Ltd. 3,526 3,929
ServCorp, Ltd. 1,946 5,114
CA Immobilien Anlagen AG (I) 23 280
BR Malls Participacoes SA 3,400 34,737
Brasil Brokers Participacoes SA 2,200 6,927
Iguatemi Empresa de Shopping Centers SA 178 2,982
JHSF Participacoes SA 2,000 4,308
LPS Brasil Consultoria de Imoveis SA 500 8,018
Multiplan Empreendimentos Imobiliarios SA 100 1,853
Brookfield Asset Management, Inc. 2,200 60,842
First Capital Realty, Inc. 173 2,807
FirstService Corp. (I) 200 5,174
Parque Arauco Saparque Arauco SA 801 1,312
Agile Property Holdings, Ltd. 8,000 5,043
Bund Center Investment, Ltd. (I) 9,000 1,059
Country Garden Holdings Company 32,000 8,697
Evergrande Real Estate Group, Ltd. 25,000 7,572
Greentown China Holdings, Ltd. 11,500 5,313
Guangzhou R&F Properties    
Company, Ltd., Class H 10,000 7,207
Longfor Properties Company, Ltd. 5,053 4,945
Renhe Commercial Holdings Company, Ltd. 56,000 5,745
Shui On Land, Ltd. 12,847 3,057
Sino-Ocean Land Holdings, Ltd. 31,596 10,059
Soho China, Ltd. 15,000 9,320
AFI Development PLC (I) 5,263 2,210
Technopolis Oyj 1,351 5,712
Deutsche Wohnen AG 944 12,584
IVG Immobilien AG (I) 981 3,385
Tag Immobilien AG (I) 577 4,608
Asia Standard International Group 20,000 3,269
Cheung Kong Holdings, Ltd. 9,000 96,347
China Overseas Land & Investment, Ltd. 24,960 35,651
China Resources Land, Ltd. 18,000 18,891
Coastal Greenland, Ltd. (I) 4,000 152
Cosway Corp. Ltd. (I) 5,000 574
Far East Consortium International, Ltd. 36,000 5,618
Franshion Properties China, Ltd. 40,000 6,185
Glorious Property Holdings, Ltd. (I) 45,000 5,929
Great Eagle Holdings, Ltd. 4,108 8,698
Hang Lung Group, Ltd. 6,000 30,511
Hang Lung Properties, Ltd. 16,000 47,302
Henderson Land Development Company, Ltd. 9,036 40,142
HKR International, Ltd. 16,800 5,721
Hopewell Holdings, Ltd. 6,000 17,058
Hopson Development Holdings, Ltd. (L) 6,000 3,380
Hysan Development Company, Ltd. 3,000 8,890
Kerry Properties, Ltd. 5,500 17,297
Kowloon Development Company, Ltd. 7,000 5,959
KWG Property Holding, Ltd. 14,500 5,250
Midland Holdings, Ltd. 10,000 4,072
Mingfa Group International Company, Ltd. 30,000 8,668
New World China Land, Ltd. 33,000 7,872

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Real Estate Management & Development (continued)  
New World Development Company, Ltd. 18,036 $ 16,965
Poly Hong Kong Investment, Ltd. 11,000 3,351
Shenzhen Investment, Ltd. 44,000 7,901
Shimao Property Holdings, Ltd., GDR 14,500 10,550
Sino Land Company, Ltd. 24,068 32,019
Sinolink Worldwide Holdings, Ltd. (I) 58,000 4,046
Sun Hung Kai Properties, Ltd. 8,000 90,640
TAI Cheung Holdings, Ltd. 14,000 9,236
Tian An China Investment, Ltd. 12,000 6,193
United Energy Group, Ltd. (I) 74,000 8,951
Wharf Holdings, Ltd. 9,000 43,862
Wheelock and Company, Ltd. 8,000 23,387
Yuexiu Property Company, Ltd. 62,949 8,138
DLF, Ltd. 2,243 9,916
Housing Development    
& Infrastructure, Ltd. (I) 1,200 2,374
Indiabulls Real Estate, Ltd. 4,034 5,961
Sobha Developers, Ltd. 1,142 4,962
Unitech, Ltd. (I) 9,169 4,852
Bakrieland Development Tbk PT (I) 550,000 6,852
Ciputra Development Tbk PT 228,500 12,834
Lippo Karawaci Tbk PT 62,500 4,719
Pakuwon Jati Tbk Pt (I) 69,500 6,040
Sentul City Tbk PT (I) 105,000 2,924
Summarecon Agung Tbk PT 24,500 2,735
Africa Israel Investments, Ltd. (I) 802 2,325
Prelios SpA (I) 2,380 661
Daibiru Corp. 1,500 10,508
Daikyo, Inc. (I) 1,000 1,608
Daito Trust Construction Company, Ltd. 500 45,847
Daiwa House Industry Company, Ltd. 4,000 51,481
Goldcrest Company, Ltd. 170 3,135
Heiwa Real Estate Company, Ltd. 3,500 7,477
Hulic Company, Ltd. 600 6,754
Iida Home Max 400 3,369
Kenedix, Inc. (I) 48 5,780
Leopalace21 Corp. (I)(L) 1,200 2,616
Mitsubishi Estate Company, Ltd. 4,000 64,737
Mitsui Fudosan Company, Ltd. 4,000 63,309
Nomura Real Estate Holdings, Inc. 600 9,049
Sumitomo Realty &    
Development Company, Ltd. 1,000 19,216
TOC Company, Ltd. 2,000 9,609
Tokyo Rakutenchi Company, Ltd. 1,000 3,567
Tokyo Tatemono Company, Ltd. 6,000 18,216
Tokyu Land Corp. 5,000 17,956
Atrium European Real Estate, Ltd. 951 4,565
Altisource Portfolio Solutions SA (I) 600 21,234
GAGFAH SA (I) 1,288 7,831
Bandar Raya Developments BHD 9,200 5,617
IGB Corp. BHD 15,756 9,379
IJM Land BHD 10,100 5,982
KLCC Property Holdings BHD 7,300 7,257
SP Setia BHD 15,600 18,893
Sunway BHD (I) 11,220 6,642
Ayala Land, Inc. 40,800 13,499
Belle Corp. (I) 72,000 5,462
Robinsons Land Corp. 36,750 9,435
SM Development Corp. 40,100 6,720
SM Prime Holdings, Ltd. 18,800 5,227
Echo Investment SA (I) 5,340 5,779
Bukit Sembawang Estates, Ltd. 2,000 5,635
Capitaland, Ltd. 15,000 27,963
CapitaMalls Asia, Ltd. 8,000 7,304
City Developments, Ltd. 4,000 29,036
Fragrance Group, Ltd. 58,000 12,672

 

108

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Real Estate Management & Development (continued)  
Guocoland, Ltd. 4,000 $ 5,760
Ho Bee Investment, Ltd. (I) 7,000 7,055
Keppel Land, Ltd. 7,177 14,022
Orchard Parade Holdings, Ltd. 9,000 8,873
United Industrial Corp, Ltd. 5,000 10,147
UOL Group, Ltd. 5,000 15,750
Wheelock Properties, Ltd. 7,000 8,656
Wing Tai Holdings, Ltd. 4,000 3,697
Yanlord Land Group, Ltd. 7,000 3,740
Growthpoint Properties, Ltd. 10,399 22,825
Realia Business SA (I) 3,816 5,507
Atrium Ljungberg AB, Class B 157 1,499
Castellum AB 536 6,529
Fabege AB 1,258 9,499
Hufvudstaden AB Class A 503 4,868
Kungsleden AB 1,328 9,015
Wihlborgs Fastigheter AB 722 9,110
Allreal Holding AG (I) 49 7,576
Mobimo Holding AG (I) 62 14,932
PSP Swiss Property AG (I) 76 6,819
Cathay Real Estate    
Development Company, Ltd. 18,000 7,141
Chong Hong Construction Company 4,120 8,473
Farglory Land Development Company, Ltd. 5,000 8,057
Highwealth Construction Corp. 5,000 8,265
Huaku Development Company, Ltd. 3,273 6,924
Hung Poo Real Estate Development Corp. 5,499 4,314
Kuoyang Construction Company Ltd. (I) 13,000 5,316
Prince Housing & Development Corp. 13,080 9,269
Radium Life Tech Company, Ltd. 9,827 7,575
Ruentex Development Company, Ltd. 6,000 5,849
Central Pattana PCL 8,400 9,255
Land & Houses PCL 33,200 6,935
Preuksa Real Estate PCL 15,000 6,900
Capital & Counties Properties PLC 408 1,065
Capital & Regional PLC (I) 1,359 747
Development Securities PLC 1,830 5,392
Helical Bar PLC 514 1,552
Quintain Estates & Development PLC (I) 3,488 2,174
Savills PLC 3,206 14,197
St. Modwen Properties PLC 1,033 1,882
Avatar Holdings, Inc. (I) 100 818
Brookfield Office Properties, Inc. 1,900 26,273
CB Richard Ellis Group, Inc., Class A 3,000 39,270
Consolidated-Tomoka Land Company 200 5,252
Forest City Enterprises, Inc., Class A (I) 2,100 22,386
Forestar Group, Inc. (I) 400 4,364
Jones Lang LaSalle, Inc. 700 36,267
Kennedy-Wilson Holdings, Inc. 800 8,480
Tejon Ranch Company (I) 338 8,068
The St. Joe Company (I)(L) 1,600 23,984
 
    2,012,885
 
Thrifts & Mortgage Finance    
Home Capital Group, Inc. 400 16,643
Aareal Bank AG (I) 1,065 16,476
Dewan Housing Finance Corp. Ltd. 1,398 6,618
LIC Housing Finance, Ltd. 5,385 22,996
Abington Bancorp, Inc. 600 4,320
Astoria Financial Corp. (L) 1,700 13,073
Bank Mutual Corp. 1,200 3,132
BankFinancial Corp. 300 1,992
Beneficial Mutual Bancorp, Inc. (I) 1,600 11,920
Berkshire Hill Bancorp, Inc. 256 4,728
BofI Holding, Inc. (I) 300 4,038
Brookline Bancorp, Inc. 900 6,939

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Thrifts & Mortgage Finance (continued)    
Capitol Federal Financial, Inc. 2,037 $ 21,511
Clifton Savings Bancorp, Inc. 500 4,580
Dime Community Bancshares 400 4,052
ESSA Bancorp, Inc. 200 2,102
Federal Agricultural Mortgage Corp., Class C 300 5,709
First Financial Holdings, Inc. 100 401
First Financial Northwest, Inc. (I) 500 2,810
First Niagara Financial Group, Inc. 4,514 41,303
Flushing Financial Corp. 800 8,640
Home Federal Bancorp, Inc. 200 1,564
Hudson City Bancorp, Inc. 6,600 37,356
Kearny Financial Corp. 500 4,420
Meridian Interstate Bancorp, Inc. (I) 400 4,364
MGIC Investment Corp. (I) 1,700 3,179
New York Community Bancorp, Inc. 5,752 68,449
Northwest Bancshares, Inc. 2,025 24,118
OceanFirst Financial Corp. 200 2,334
Ocwen Financial Corp. (I) 1,800 23,778
Oritani Financial Corp. 735 9,452
People’s United Financial, Inc. 5,963 67,978
Provident Financial Services, Inc. 1,100 11,825
Provident New York Bancorp 800 4,656
Radian Group, Inc. 2,100 4,599
Rockville Financial, Inc. 303 2,872
Roma Financial Corp. 200 1,630
Territorial Bancorp, Inc. 200 3,830
TFS Financial Corp. (I) 4,100 33,333
The PMI Group, Inc. (I) 700 140
Tree.com, Inc. (I) 20 100
TrustCo Bank Corp. 1,600 7,136
United Financial Bancorp, Inc. 500 6,845
Viewpoint Financial Group 420 4,809
Washington Federal, Inc. 1,600 20,384
Waterstone Financial, Inc. (I) 200 556
Westfield Financial, Inc. 400 2,636
 
    556,326
 
    35,751,514
Health Care - 6.39%    
 
Biotechnology    
Acadia Pharmaceuticals, Inc. (I) 100 108
Actelion, Ltd. (I) 795 26,448
Active Biotech AB (I) 427 1,897
Affymax, Inc. (I) 500 2,240
Alexion Pharmaceuticals, Inc. (I) 1,600 102,496
Alkermes PLC (I) 1,600 24,416
Allos Therapeutics, Inc. (I) 300 552
Alnylam Pharmaceuticals, Inc. (I)(L) 400 2,628
AMAG Pharmaceuticals, Inc. (I) 300 4,428
Amgen, Inc. 8,728 479,604
Amicus Therapeutics, Inc. (I) 400 1,536
Anadys Pharmaceuticals, Inc. (I) 1,300 1,195
Arena Pharmaceuticals, Inc. (I) 600 870
Ariad Pharmaceuticals, Inc. (I) 2,200 19,338
Arqule, Inc. (I) 600 3,030
Basilea Pharmaceutica (I) 119 5,072
Bavarian Nordic A/S (I) 450 3,221
Biocon, Ltd. 1,434 9,868
Biogen Idec, Inc. (I) 2,500 232,875
BioMarin Pharmaceutical, Inc. (I) 1,300 41,431
BioMimetic Therapeutics, Inc. (I) 600 1,980
Biotest AG 188 10,243
Cangene Corp. (I) 400 561
Celgene Corp. (I) 3,157 195,481
Cephalon, Inc. (I) 1,000 80,700

 

109

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Biotechnology (continued)    
Cepheid, Inc. (I)(L) 451 $ 17,512
CSL, Ltd. 1,983 56,564
Cubist Pharmaceuticals, Inc. (I) 900 31,788
Cytokinetics, Inc. (I) 600 708
Dendreon Corp. (I)(L) 1,100 9,900
Dyax Corp. (I) 600 756
Emergent Biosolutions, Inc. (I) 500 7,715
Enzon Pharmaceuticals, Inc. (I) 700 4,928
Exelixis, Inc. (I)(L) 1,500 8,190
Galapagos NV (I) 188 1,481
Genmab A/S (I) 380 2,209
Genomic Health, Inc. (I) 500 10,990
Genus PLC 1,065 17,315
Geron Corp. (I)(L) 2,000 4,240
Gilead Sciences, Inc. (I) 5,900 228,920
Grifols SA (I) 1,108 20,726
GTx, Inc. (I) 600 2,010
Halozyme Therapeutics, Inc. (I) 1,500 9,210
Human Genome Sciences, Inc. (I) 1,500 19,035
Idenix Pharmaceuticals, Inc. (I) 400 1,996
Immunogen, Inc. (I) 500 5,480
Immunomedics, Inc. (I) 900 2,880
Incyte Corp. (I)(L) 1,677 23,428
Inovio Biomedical Corp. (I) 300 170
Intercell AG (I) 488 1,309
InterMune, Inc. (I) 900 18,180
Mannkind Corp. (I)(L) 813 3,081
Maxygen, Inc. 300 1,641
Medivir AB (I) 250 3,302
Mesoblast, Ltd. (I) 1,314 10,054
Momenta Pharmaceuticals, Inc. (I) 600 6,900
Myriad Genetics, Inc. (I) 1,200 22,488
Myriad Pharmaceuticals, Inc. (I) 250 685
Nabi Biopharmaceuticals (I) 400 672
Neurocrine Biosciences, Inc. (I) 1,600 9,568
NeurogesX, Inc. (I)(L) 340 303
NeuroSearch A/S (I) 102 406
Novavax, Inc. (I)(L) 1,200 1,932
OncoGenex Pharmaceutical, Inc. (I) 100 980
Oncolytics Biotech, Inc. (I) 900 3,143
Onyx Pharmaceuticals, Inc. (I) 700 21,007
Opko Health, Inc. (I)(L) 1,900 8,227
Osiris Therapeutics, Inc. (I) 500 2,560
PDL BioPharma, Inc. 1,900 10,545
Pharmasset, Inc. (I) 800 65,896
Progenics Pharmaceuticals, Inc. (I) 200 1,148
Regeneron Pharmaceuticals, Inc. (I) 1,100 64,020
Rigel Pharmaceuticals, Inc. (I) 800 5,888
Sangamo Biosciences, Inc. (I) 700 3,045
Seattle Genetics, Inc. (I)(L) 800 15,248
Sino Biopharmaceutical 96,000 26,857
Spectrum Pharmaceuticals, Inc. (I) 1,100 8,393
Swedish Orphan Biovitrum AB (I) 35 83
Synta Pharmaceuticals Corp. (I) 300 975
Theravance, Inc. (I) 514 10,352
ThromboGenics NV (I) 334 7,618
Transcept Pharmaceuticals, Inc. (I) 253 1,675
Trimeris, Inc. (I) 500 1,260
United Therapeutics Corp. (I) 800 29,992
Vertex Pharmaceuticals, Inc. (I) 1,600 71,264
Vical, Inc. (I) 900 2,232
Zeltia SA (I)(L) 2,108 4,311
 
    2,187,609
 
Health Care Equipment & Supplies    
Abaxis, Inc. (I)(L) 200 4,582

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Health Care Equipment & Supplies (continued)    
ABIOMED, Inc. (I) 200 $ 2,206
Accuray, Inc. (I) 1,095 4,402
Alere, Inc. (I) 1,200 23,580
Align Technology, Inc. (I) 1,300 19,721
Alphatec Holdings, Inc. (I) 1,000 2,110
Analogic Corp. 200 9,082
AngioDynamics, Inc. (I) 200 2,628
Anika Therapeutics, Inc. (I) 500 2,750
Ansell, Ltd. 1,951 24,415
Arthrocare Corp. (I) 300 8,631
Baxter International, Inc. 3,500 196,490
Becton, Dickinson & Company 1,700 124,644
BioMerieux SA 61 5,317
Blackmores, Ltd. 69 2,014
Boston Scientific Corp. (I) 21,116 124,796
C.R. Bard, Inc. 1,000 87,540
Cantel Medical Corp. 200 4,224
CareFusion Corp. (I) 3,082 73,814
Carl Zeiss Meditec AG 602 10,631
Cie Generale d’Optique    
Essilor International SA 954 68,752
Cochlear, Ltd. 319 14,175
Coloplast A/S 150 21,649
Conceptus, Inc. (I) 500 5,235
CONMED Corp. (I) 600 13,806
Covidien PLC 3,371 148,661
CryoLife, Inc. (I) 300 1,347
Cutera, Inc. (I) 300 2,136
Cyberonics, Inc. (I) 200 5,660
DENTSPLY International, Inc. 2,100 64,449
DexCom, Inc. (I) 365 4,380
DiaSorin SpA 185 6,825
Edwards Lifesciences Corp. (I) 1,000 71,280
Elekta AB, Series B 1,152 43,189
Exactech, Inc. (I) 100 1,408
Fisher & Paykel Healthcare Corp. 6,757 12,848
Gen-Probe, Inc. (I) 700 40,075
Getinge AB, Series B 1,295 28,229
Given Imaging, Ltd. (I) 283 4,390
GN Store Nord A/S 2,000 12,298
Greatbatch, Inc. (I) 300 6,003
Haemonetics Corp. (I) 400 23,392
Hill-Rom Holdings, Inc. 900 27,018
Hogy Medical Company, Ltd. 100 4,623
Hologic, Inc. (I) 3,800 57,798
ICU Medical, Inc. (I) 200 7,360
IDEXX Laboratories, Inc. (I) 500 34,485
Integra LifeSciences Holdings Corp. (I) 300 10,731
Intuitive Surgical, Inc. (I) 400 145,712
Invacare Corp. 700 16,128
IRIS International, Inc. (I) 300 2,691
Jeol, Ltd. 1,000 2,839
Kensey Nash Corp. (I) 100 2,450
Kinetic Concepts, Inc. (I) 1,100 72,479
Medical Action Industries, Inc. (I) 500 2,525
Medtronic, Inc. 7,244 240,791
Meridian Bioscience, Inc. 400 6,296
Merit Medical Systems, Inc. (I) 375 4,928
Mingyuan Medicare    
Development Company, Ltd. (I) 40,000 1,393
Miraca Holdings, Inc. 300 13,188
Natus Medical, Inc. (I) 500 4,755
Neogen Corp. (I) 250 8,680
Nihon Kohden Corp. 400 10,756
Nipro Corp. 800 7,540
Nissui Pharmaceutical Company, Ltd. 500 4,491

 

110

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Health Care Equipment & Supplies (continued)    
Nobel Biocare Holding AG (I) 1,134 $ 11,356
NuVasive, Inc. (I) 500 8,535
NxStage Medical, Inc. (I) 584 12,182
Olympus Corp. 1,000 30,869
Omega Pharma SA (I) 224 10,334
Opto Circuits India, Ltd. 1,184 5,402
OraSure Technologies, Inc. (I) 600 4,776
Orthofix International NV (I) 300 10,353
Palomar Medical Technologies, Inc. (I) 500 3,940
Quidel Corp. (I) 400 6,548
ResMed, Inc. (I)(L) 2,000 57,580
RTI Biologics, Inc. (I) 1,400 4,606
Sirona Dental Systems, Inc. (I) 800 33,928
Smith & Nephew PLC, ADR 1,100 49,159
SonoSite, Inc. (I) 300 9,102
Sonova Holding AG (I) 188 16,965
Sorin SpA (I) 7,397 16,107
Spectranetics Corp. (I) 700 4,998
St. Jude Medical, Inc. 2,290 82,875
STERIS Corp. 844 24,704
Straumann Holding AG 53 8,286
Stryker Corp. 2,828 133,284
SurModics, Inc. (I) 200 1,820
Symmetry Medical, Inc. (I) 400 3,088
Synovis Life Technologies, Inc. (I) 100 1,670
Sysmex Corp. 600 21,552
Teleflex, Inc. 600 32,262
Terumo Corp. 700 36,408
The Cooper Companies, Inc. 700 55,405
Thoratec Corp. (I) 800 26,112
Top Glove Corp. BHD 5,200 6,643
Varian Medical Systems, Inc. (I)(L) 1,100 57,376
Vascular Solutions, Inc. (I) 400 4,580
Volcano Corp. (I) 400 11,852
West Pharmaceutical Services, Inc. 500 18,550
William Demant Holdings A/S (I) 107 8,030
Wright Medical Group, Inc. (I) 600 10,728
Young Innovations, Inc. 100 2,850
Ypsomed Holding AG (I) 2 121
Zimmer Holdings, Inc. (I) 1,800 96,300
Zoll Medical Corp. (I) 300 11,322
 
    2,975,979
 
Health Care Providers & Services    
Accretive Health, Inc. (I) 600 12,738
Aetna, Inc. 4,300 156,305
Air Methods Corp. (I) 300 19,101
Alfresa Holdings Corp. 400 16,739
Alliance HealthCare Services, Inc. (I) 200 228
Almost Family, Inc. (I) 100 1,663
Amedisys, Inc. (I) 500 7,410
American Dental Partners, Inc. (I) 200 1,932
AMERIGROUP Corp. (I) 1,000 39,010
AmerisourceBergen Corp. 2,800 104,356
Amil Participacoes SA 800 7,127
AMN Healthcare Services, Inc. (I) 400 1,604
Amplifon SpA 619 3,032
Amsurg Corp. (I) 500 11,250
Apollo Hospitals Enterprise, Ltd. 1,126 11,926
Assisted Living Concepts, Inc. 320 4,054
Assura Group, Ltd. 5,036 3,179
Bio-Reference Labs, Inc. (I) 400 7,364
BioScrip, Inc. (I) 700 4,452
Brookdale Senior Living, Inc. (I) 1,500 18,810
Capital Senior Living Corp. (I) 800 4,936
Cardinal Health, Inc. 3,765 157,678

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Health Care Providers & Services (continued)    
Catalyst Health Solutions, Inc. (I) 800 $ 46,152
Celesio AG 622 8,210
Centene Corp. (I) 812 23,280
Chemed Corp. 300 16,488
CIGNA Corp. 4,000 167,760
CML Healthcare, Inc. 327 2,933
Community Health Systems, Inc. (I) 1,500 24,960
Continucare Corp. (I) 1,600 10,208
Corvel Corp. (I) 200 8,500
Coventry Health Care, Inc. (I) 2,100 60,501
Cross Country Healthcare, Inc. (I) 500 2,090
DaVita, Inc. (I) 1,400 87,738
Diagnostic & Therapeutic Center of    
Athens Hygeia SA (I) 2,326 835
Diagnosticos da America SA 3,600 30,615
Emeritus Corp. (I) 200 2,820
Express Scripts, Inc. (I) 3,800 140,866
Fleury SA 200 2,387
Fresenius Medical Care AG &    
Company KGaA 1,000 67,530
Fresenius SE & Company KGaA 790 70,112
Galenica Holding AG 30 15,358
Gentiva Health Services, Inc. (I) 400 2,208
Hanger Orthopedic Group, Inc. (I) 700 13,223
Health Management    
Associates, Inc., Class A (I) 4,100 28,372
Health Net, Inc. (I) 2,300 54,533
Healthsouth Corp. (I) 1,700 25,381
Healthspring, Inc. (I) 1,000 36,460
Healthways, Inc. (I) 600 5,898
Henry Schein, Inc. (I) 1,400 86,814
HMS Holdings Corp. (I) 1,200 29,268
Humana, Inc. 2,900 210,917
IPC The Hospitalist Company, Inc. (I) 200 7,138
Kindred Healthcare, Inc. (I) 741 6,387
Korian 384 7,466
Laboratory Corp. of America Holdings (I) 1,200 94,860
Landauer, Inc. 100 4,954
LHC Group, Inc. (I) 200 3,412
Life Healthcare Group Holdings, Ltd. 3,407 8,100
LifePoint Hospitals, Inc. (I) 800 29,312
Lincare Holdings, Inc. 1,350 30,375
Magellan Health Services, Inc. (I) 500 24,150
McKesson Corp. 2,400 174,480
MedCath Corp. 500 6,940
Medco Health Solutions, Inc. (I) 3,200 150,048
Medi-Clinic Corp., Ltd. 2,345 9,751
Mediceo Holdings Company, Ltd. 1,600 16,169
Mediq NV 324 4,897
Mednax, Inc. (I) 700 43,848
Medquist Holdings, Inc. (I) 432 3,266
Molina Healthcare, Inc. (I) 900 13,896
MWI Veterinary Supply, Inc. (I) 200 13,764
National Healthcare Corp. 100 3,230
Netcare, Ltd. 10,169 16,416
Odontoprev SA 400 5,912
Omnicare, Inc. (L) 1,800 45,774
Oriola-KD OYJ 3,601 8,049
Orpea SA 163 6,609
Owens & Minor, Inc. 750 21,360
Patterson Companies, Inc. 1,600 45,808
PDI, Inc. (I) 300 2,010
PharMerica Corp. (I) 600 8,562
Primary Health Care, Ltd. 5,118 14,512
PSS World Medical, Inc. (I) 900 17,721
Quest Diagnostics, Inc. 2,600 128,336

 

111

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Health Care Providers & Services (continued)    
Raffles Medical Group, Ltd. 7,000 $ 11,946
Ramsay Health Care, Ltd. 719 13,126
Rhoen-Klinikum AG 1,133 22,938
Select Medical Holdings Corp. (I) 2,500 16,675
Ship Healthcare Holdings Inc 1,000 24,679
Sigma Pharmaceuticals, Ltd. (I) 20,199 12,556
Sinopharm Group Company, Ltd. 1,600 4,177
Skilled Healthcare Group, Inc. (I) 300 1,083
Sonic Healthcare, Ltd. 2,607 28,527
Sun Healthcare Group, Inc. (I) 300 810
Sunrise Senior Living, Inc. (I)(L) 300 1,389
Suzuken Company, Ltd. 400 10,736
Team Health Holdings, Inc. (I) 600 9,852
Tenet Healthcare Corp. (I) 8,000 33,040
The Ensign Group, Inc. 200 4,622
The Providence Service Corp. (I) 500 5,325
Toho Holdings Company, Ltd. 300 3,675
Triple-S Management Corp., Class B (I) 400 6,700
United Drug PLC 3,962 12,175
UnitedHealth Group, Inc. 9,900 456,588
Universal American Corp. 1,600 16,096
Universal Health Services, Inc., Class B 1,400 47,600
US Physical Therapy, Inc. 300 5,556
VCA Antech, Inc. (I)(L) 1,400 22,372
Vital KSK Holdings, Inc. 1,200 10,501
WellCare Health Plans, Inc. (I) 800 30,384
WellPoint, Inc. (L) 4,700 306,816
 
    3,974,767
 
Health Care Technology    
AGFA Gevaert NV (I) 1,939 4,016
Allscripts Healthcare Solutions, Inc. (I) 2,600 46,852
athenahealth, Inc. (I) 400 23,820
Cerner Corp. (I)(L) 1,800 123,336
Computer Programs & Systems, Inc. 200 13,230
Emdeon, Inc., Class A (I) 1,300 24,427
MedAssets, Inc. (I) 700 6,727
Medidata Solutions, Inc. (I) 300 4,932
Merge Healthcare, Inc. (I) 1,400 8,526
Omnicell, Inc. (I) 600 8,268
Quality Systems, Inc. (L) 400 38,800
SXC Health Solutions Corp. (I) 400 22,315
 
    325,249
 
Life Sciences Tools & Services    
Affymetrix, Inc. (I) 1,200 5,880
Agilent Technologies, Inc. (I) 3,400 106,250
Bachem Holding AG 51 2,152
Bio-Rad Laboratories, Inc., Class A (I) 300 27,231
Bruker Corp. (I) 2,100 28,413
BTG PLC (I) 3,898 15,069
Charles River    
Laboratories International, Inc. (I) 900 25,758
Covance, Inc. (I) 900 40,905
Divi’s Laboratories, Ltd. 640 9,480
Enzo Biochem, Inc. (I) 1,300 3,341
EPS Company, Ltd. 2 4,548
eResearch Technology, Inc. (I) 800 3,568
Evotec AG (I) 5,636 16,968
Furiex Pharmaceuticals, Inc. (I) 125 1,779
Gerresheimer AG 197 8,159
Illumina, Inc. (I) 1,100 45,012
Life Technologies Corp. (I) 2,600 99,918
Lonza Group AG (I) 368 22,089
Luminex Corp. (I) 500 11,085
Mettler-Toledo International, Inc. (I) 300 41,988

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Life Sciences Tools & Services (continued)    
Morphosys AG (I) 113 $ 2,884
Nordion, Inc. 2,500 22,092
Parexel International Corp. (I) 1,100 20,823
PerkinElmer, Inc. 1,600 30,736
Pharmaceutical Product Development, Inc. 1,500 38,490
QIAGEN NV (I) 1,865 25,755
Tecan Group AG (I) 62 4,442
Techne Corp. 600 40,806
Thermo Fisher Scientific, Inc. (I) 4,611 233,501
Waters Corp. (I) 800 60,392
 
    999,514
 
Pharmaceuticals    
Abbott Laboratories 10,944 559,676
Acrux, Ltd. 1,766 5,331
Adcock Ingram Holdings, Ltd. 882 6,559
Alapis Holding Industrial and Commercial SA    
of Pharmaceutical (I) 234 31
Allergan, Inc. 2,100 172,998
Aspen Pharmacare Holdings, Ltd. (I) 2,184 24,636
Astellas Pharma, Inc. 2,100 79,223
AstraZeneca PLC, ADR 7,400 328,264
AVANIR Pharmaceuticals, Class A (I)(L) 187 535
Bayer AG 3,787 208,118
Biodel, Inc. (I) 1,100 605
Bristol-Myers Squibb Company 13,475 422,846
Cadila Healthcare, Ltd. 793 12,290
Cardiome Pharma Corp. (I) 300 1,025
China Chemical &    
Pharmaceutical Company, Ltd. 1,000 580
China Pharmaceutical Group, Ltd. 14,000 3,347
China Shineway Pharmaceutical Group, Ltd. 5,000 5,972
Chugai Pharmaceutical Company, Ltd. 900 15,251
Cipla, Ltd. 3,066 17,664
Daiichi Sankyo Company, Ltd. 3,500 72,877
Dainippon Sumitomo Pharma Company, Ltd. 1,000 11,004
Depomed, Inc. (I) 1,200 6,480
Dong-A Pharmaceutical Company, Ltd. 45 3,431
Dr. Reddy’s Laboratories, Ltd., ADR (L) 900 26,820
Durect Corp. (I) 600 966
Egis Gyogyszergyar Nyrt 93 6,243
Eisai Company, Ltd. 900 36,273
Elan Corp. PLC, ADR (I) 3,100 32,643
Eli Lilly & Company 7,300 269,881
Endo Pharmaceuticals Holdings, Inc. (I) 1,700 47,583
Faes Farma SA 488 872
Forest Laboratories, Inc. (I) 4,100 126,239
Genomma Lab Internacional SA de CV (I) 3,800 6,266
GlaxoSmithKline Pharmaceuticals, Ltd. 235 10,018
GlaxoSmithKline PLC, ADR 8,400 346,836
Glenmark Pharmaceuticals, Ltd. 334 2,187
Green Cross Corp. 76 10,846
Green Cross Holdings Corpgreen    
Cross Holdings Corp. 480 6,820
H. Lundbeck A/S 487 9,260
Hanmi Holdings Company, Ltd. (I) 5 91
Hanmi Pharm Company, Ltd. (I) 17 966
Hi-Tech Pharmacal Company, Inc. (I) 200 6,720
Hikma Pharmaceuticals PLC 1,765 15,623
Hisamitsu Pharmaceutical Company, Inc. 300 14,407
Hospira, Inc. (I) 1,700 62,900
Impax Laboratories, Inc. (I) 700 12,537
Ipsen SA 190 5,718
Jazz Pharmaceuticals, Inc. (I) 800 33,216
Johnson & Johnson 21,559 1,373,524
Jubilant Life Sciences, Ltd. 59 212

 

112

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Pharmaceuticals (continued)    
Jubilant Organosys, Ltd. 1,184 $ 4,765
K-V Pharmaceutical Company, Class A (I) 1,100 1,485
Kaken Pharmaceutical Company, Ltd. 1,000 13,956
Kalbe Farma Tbk PT 51,500 18,600
Kissei Pharmaceutical Company, Ltd. 1,000 21,857
Kyorin Company, Ltd. 1,000 20,833
Kyowa Hakko Kogyo Company, Ltd. 2,000 22,269
Laboratorios Almirall SA 481 3,393
Lannett Company, Inc. (I) 600 2,298
LG Life Sciences, Ltd. (I) 173 5,376
Lijun International    
Pharmaceutical Holding, Ltd. 40,000 3,780
Lupin, Ltd. 519 5,006
Meda AB 2,924 26,644
Medicis Pharmaceutical Corp., Class A 900 32,832
Merck & Company, Inc. 28,540 933,543
Merck KGaA 555 45,413
Mitsubishi Tanabe Pharma Corp. 600 11,123
Mochida Pharmaceutical Company, Ltd. 1,000 11,434
Mylan, Inc. (I) 4,200 71,400
Nippon Shinyaku Company, Ltd. 1,000 12,862
Novartis AG 735 41,020
Novartis AG, ADR 10,900 607,893
Novo Nordisk A/S, ADR 1,600 159,232
Obagi Medical Products, Inc. (I) 300 2,721
Ono Pharmaceutical Company, Ltd. 600 35,728
Orion OYJ, Series A 518 10,499
Orion OYJ, Series B 915 18,419
Pain Therapeutics, Inc. (I) 900 4,284
Par Pharmaceutical Companies, Inc. (I) 900 23,958
Perrigo Company 1,000 97,110
Pfizer, Inc. 75,307 1,331,428
Pharmaxis, Ltd. (I) 6,309 4,408
Piramal Healthcare, Ltd. 482 3,523
Questcor Pharmaceuticals, Inc. (I) 900 24,534
Ranbaxy Laboratories, Ltd. 764 7,938
Recordati SpA 1,275 11,085
Richter Gedeon Nyrt 147 20,032
Roche Holdings AG 2,713 436,472
Roche Holdings AG (SIX Swiss Exchange) 100 16,808
Rohto Pharmaceutical Company, Ltd. 1,000 13,025
Salix Pharmaceuticals, Ltd. (I) 1,000 29,600
Sanofi 1,493 98,029
Sanofi, ADR 8,840 289,952
Santarus, Inc. (I) 1,300 3,627
Santen Pharmaceutical Company, Ltd. 400 16,717
Sawai Pharmaceutical Company, Ltd. 200 21,543
Schweizerhall Holding AG (I) 47 3,562
Shionogi & Company, Ltd. 1,500 22,200
Shire PLC, ADR (L) 1,100 103,323
Stada Arzneimittel AG 532 11,218
Strides Arcolab, Ltd. 487 3,493
Sun Pharmaceutical Industries, Ltd. 1,755 16,471
Taisho Pharmaceuticals Company, Ltd. 1,000 24,556
Takeda Pharmaceutical Company, Ltd. 3,400 161,432
Teva Pharmaceutical Industries, Ltd., ADR 4,753 176,907
The Medicines Company (I) 400 5,952
Tsumura & Company, Ltd. 400 12,747
UCB SA 715 30,446
United Laboratories, Ltd. 6,000 4,503
Valeant Pharmaceuticals International, Inc. 1,500 55,912
Valeant Pharmaceuticals International, Inc.    
(Toronto Exchange) 1,246 46,252
Vectura Group PLC (I) 4,498 6,018
Virbac SA 64 10,373
Viropharma, Inc. (I) 1,000 18,070

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Pharmaceuticals (continued)    
Warner Chilcott PLC, Class A (I) 1,600 $ 22,880
Watson Pharmaceuticals, Inc. (I) 1,700 116,025
Wockhardt, Ltd. (I) 1,455 11,251
Yuhan Corp. 106 9,426
Zeria Pharmaceutical Company, Ltd. 1,000 17,035
 
    9,912,916
 
    20,376,034
Industrials - 8.24%    
 
Aerospace & Defense    
AAR Corp. 700 11,669
Aerovironment, Inc. (I)(L) 300 8,445
Alliant Techsystems, Inc. 400 21,804
American Science & Engineering, Inc. 100 6,105
BAE Systems PLC 24,883 102,585
BE Aerospace, Inc. (I) 1,320 43,705
Bharat Electronics, Ltd. 204 6,372
Bombardier, Inc. 8,000 28,018
Bombardier, Inc., Class A 2,300 8,121
CAE, Inc. 2,909 27,288
Ceradyne, Inc. (I) 400 10,756
Chemring Group PLC 1,365 11,187
Cobham PLC 7,963 21,599
Cubic Corp. 300 11,721
Curtiss-Wright Corp. 900 25,947
DigitalGlobe, Inc. (I) 500 9,715
Ducommun, Inc. (I) 100 1,498
Elbit Systems, Ltd. 300 11,910
Embraer SA, ADR 1,575 39,958
Esterline Technologies Corp. (I) 400 20,736
European Aeronautic Defence &    
Space Company 2,586 72,552
Finmeccanica SpA 3,480 24,021
GenCorp, Inc. (I) 500 2,245
General Dynamics Corp. 3,228 183,641
GeoEye, Inc. (I) 400 11,340
Goodrich Corp. 1,400 168,952
Hampson Industries PLC (I) 4,514 667
HEICO Corp. 356 17,529
HEICO Corp., Class A 468 15,753
Hexcel Corp. (I) 1,400 31,024
Honeywell International, Inc. 5,398 237,026
Huntington Ingalls Industries, Inc. (I) 466 11,338
ITT Corp. 2,600 109,200
L-3 Communications Holdings, Inc. 1,500 92,955
LMI Aerospace, Inc. (I) 200 3,412
Lockheed Martin Corp. 2,500 181,600
Meggitt PLC 8,887 46,116
Moog, Inc., Class A (I) 800 26,096
MTU Aero Engines Holding AG 328 20,564
National Presto Industries, Inc. 100 8,691
Northrop Grumman Corp. 2,900 151,264
Orbital Sciences Corp., Class A (I) 900 11,520
Precision Castparts Corp. 1,200 186,552
Qinetiq PLC 11,015 19,854
Raytheon Company 3,200 130,784
Rockwell Collins, Inc. 1,265 66,741
Rolls-Royce Holdings PLC (I) 13,341 122,320
Saab AB 662 11,895
Safran SA 1,294 39,751
Singapore Technologies Engineering, Ltd. 10,000 21,197
Spirit Aerosystems Holdings, Inc., Class A (I) 1,400 22,330
Taser International, Inc. (I) 400 1,724
Teledyne Technologies, Inc. (I) 500 24,430
Textron, Inc. 4,000 70,560

 

113

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Aerospace & Defense (continued)    
Thales SA 666 $ 20,812
The Boeing Company 5,900 357,009
TransDigm Group, Inc. (I) 700 57,169
Triumph Group, Inc. 800 38,992
Ultra Electronics Holdings PLC 805 18,785
United Technologies Corp. 6,400 450,304
Zodiac SA 501 38,597
 
    3,556,451
 
Air Freight & Logistics    
Air Transport Services Group, Inc. (I) 1,700 7,361
Atlas Air Worldwide Holdings, Inc. (I) 400 13,316
C.H. Robinson Worldwide, Inc. 1,400 95,858
Deutsche Post AG 5,913 75,572
Expeditors International of Washington, Inc. 2,000 81,100
FedEx Corp. 2,700 182,736
Forward Air Corp. 500 12,725
Freightways, Ltd. 4,613 11,180
Hanjin Transportation Company, Ltd. 140 2,869
HUB Group, Inc., Class A (I) 600 16,962
Kerry TJ Logistics Company, Ltd. 4,000 3,971
Kintetsu World Express, Inc. 100 2,851
Mainfreight, Ltd. 1,739 12,799
Oesterreichische Post AG 519 14,779
Pacer International, Inc. (I) 200 750
Panalpina Welttransport Holding AG (I) 188 15,998
Park-Ohio Holdings Corp. (I) 300 3,603
PostNL NV 1,760 7,707
Shenzhen International Holdings, Ltd. 45,000 2,198
Shibusawa Warehouse Company, Ltd. 1,000 3,182
Singapore Post, Ltd. 21,000 16,416
Sinotrans, Ltd., Class H 11,000 2,137
TNT Express NV 1,760 12,144
Toll Holdings, Ltd. 3,609 15,134
United Parcel Service, Inc., Class B 5,277 333,243
UTI Worldwide, Inc. 1,600 20,864
Wincanton PLC (I) 620 771
Yamato Transport Company, Ltd. 3,000 54,601
 
    1,022,827
 
Airlines    
Air China, Ltd. 4,000 2,754
Air France KLM (I) 1,136 8,309
AirAsia BHD 12,600 11,472
Alaska Air Group, Inc. (I) 500 28,145
All Nippon Airways Company, Ltd. 3,000 9,376
Allegiant Travel Company (I) 300 14,139
Asiana Airlines, Inc. (I) 2,380 15,340
Cathay Pacific Airways, Ltd. 8,000 12,961
China Airlines, Ltd. 22,320 10,934
China Eastern Airlines Corp., Ltd. (I) 6,000 1,876
Delta Air Lines, Inc. (I) 10,200 76,500
Deutsche Lufthansa AG 1,916 24,716
easyJet PLC (I) 2,229 11,897
EVA Airways Corp. 13,112 8,581
Gol Linhas Aereas Inteligentes SA, ADR 900 5,004
Hawaiian Holdings, Inc. (I) 1,000 4,210
International Consolidated    
Airlines Group SA (I) 7,304 17,197
JetBlue Airways Corp. (I)(L) 4,600 18,860
Korean Air Lines Company, Ltd. 473 17,463
Lan Airlines SA, ADR (L) 900 18,585
Malaysian Airline System BHD (I) 15,200 6,294
Norwegian Air Shuttle ASA (I) 300 3,104
Qantas Airways, Ltd. (I) 10,227 13,693
Singapore Airlines, Ltd. 3,000 25,957

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Airlines (continued)    
Skywest, Inc. 1,200 $ 13,812
Southwest Airlines Company 11,009 88,512
Thai Airways International PCL 6,600 4,246
Turk Hava Yollari (I) 3,051 4,445
United Continental Holdings, Inc. (I) 4,094 79,342
US Airways Group, Inc. (I)(L) 2,300 12,650
Virgin Blue Holdings, Ltd. (I) 16,061 4,791
 
    575,165
 
Auto Components    
Rieter Holding AG (I) 46 7,325
Semperit AG Holding 67 2,663
Westport Innovations, Inc. (I) 500 14,500
 
    24,488
 
Building Products    
AAON, Inc. 450 7,088
Aica Kogyo Company, Ltd. 1,100 15,740
American Woodmark Corp. (I) 100 1,211
Ameron International Corp. 100 8,494
AO Smith Corp. 450 14,414
Apogee Enterprises, Inc. 400 3,436
Armstrong World Industries, Inc. 1,100 37,884
Asahi Glass Company, Ltd. 3,000 29,250
Assa Abloy AB, Series B 2,028 41,750
Belimo Holding AG 4 7,115
Builders FirstSource, Inc. (I) 300 381
Bunka Shutter Company, Ltd. 2,000 6,158
Central Glass Company, Ltd. 3,000 14,591
Cie de Saint-Gobain SA 2,765 105,608
Daikin Industries, Ltd. 1,000 28,606
Geberit AG (I) 245 45,040
Gibraltar Industries, Inc. (I) 200 1,624
Griffon Corp. (I) 653 5,342
GWA International, Ltd. 1,367 2,622
Hills Industries, Ltd. 1,154 1,102
Insteel Industries, Inc. 500 5,035
JS Group Corp. 2,600 72,827
Kaba Holding AG 47 15,963
KCC Corp. 56 10,447
Kingspan Group PLC 1,864 15,558
Lennox International, Inc. 700 18,046
LG Hausys, Ltd. 28 1,589
Lindab International AB 600 3,771
Masco Corp. 5,300 37,736
Nibe Industrier AB 654 9,394
Nippon Sheet Glass Company, Ltd. 11,000 24,569
Nitto Boseki Company, Ltd. 2,000 6,113
Owens Corning, Inc. (I) 1,620 35,122
Pfleiderer AG (I) 325 190
PGT, Inc. (I) 400 500
Quanex Building Products Corp. 500 5,475
Rockwool International A/S 100 8,827
Sankyo-Tateyama Holdings, Inc. (I) 2,000 2,613
Sanwa Shutter Corp. 2,000 6,553
Simpson Manufacturing Company, Inc. 1,000 24,930
Sintex Industries Ltdsintex Industries Ltd. 1,509 3,904
Systemair AB 211 2,171
Taiwan Glass Industrial Corp. 11,330 12,549
Takara Standard Company, Ltd. 1,000 8,281
Takasago Thermal Engineering Company, Ltd. 1,000 8,688
Toto, Ltd. 2,000 17,668
Trakya Cam Sanayi AS 4,619 7,571
Trex Company, Inc. (I) 300 4,809
Universal Forest Products, Inc. 300 7,215
USG Corp. (I)(L) 1,400 9,422

 

114

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Building Products (continued)    
Wienerberger Baustoffindustrie AG 1,142 $ 13,355
Zehnder Group AG (I) 400 22,320
 
    800,667
 
Commercial Services & Supplies    
India Ltd. (I) 3 253
ABM Industries, Inc. 1,100 20,966
ACCO Brands Corp. (I) 1,100 5,247
Aggreko PLC 2,355 59,476
American Reprographics Company (I) 900 3,024
APAC Customer Services, Inc. (I) 700 5,964
Asahi Holdings, Inc. 500 10,591
Avery Dennison Corp. 1,200 30,096
Babcock International Group PLC 4,249 43,190
Blue Label Telecoms, Ltd. 3,672 2,302
Brambles, Ltd. 7,754 47,838
Cabcharge Australia, Ltd. 479 1,991
Casella Waste Systems, Inc., Class A (I) 200 1,052
Cenveo, Inc. (I) 1,600 4,816
China Everbright International, Ltd. 16,000 3,656
Cintas Corp. 2,200 61,908
Clean Harbors, Inc. (I) 800 41,040
Consolidated Graphics, Inc. (I) 200 7,306
Copart, Inc. (I) 1,100 43,032
Corrections Corp. of America (I) 1,700 38,573
Courier Corp. 200 1,308
Covanta Holding Corp. 984 14,947
Dai Nippon Printing Company, Ltd. 4,000 41,368
Daiseki Company, Ltd. 500 9,876
Davis Service Group PLC 1,296 8,685
De La Rue PLC 1,136 14,720
Deluxe Corp. 800 14,880
Downer EDI, Ltd. (I) 1,628 4,456
Duskin Company, Ltd. 600 12,226
Edenred 974 23,157
EnergySolutions, Inc. (I) 1,900 6,707
Ennis, Inc. 200 2,612
Fuel Tech, Inc. (I) 500 2,910
G&K Services, Inc., Class A 200 5,108
G4S PLC 9,075 37,627
Garda World Security Corp. (I) 200 1,374
Gategroup Holding AG (I) 136 4,217
GL Events SA 168 4,519
Gunnebo AB 1,340 5,540
Healthcare Services Group, Inc. 701 11,314
Herman Miller, Inc. 900 16,074
HNI Corp. 600 11,478
Homeserve PLC 3,340 23,832
InnerWorkings, Inc. (I)(L) 1,000 7,840
Interface, Inc., Class A 800 9,488
Intersections, Inc. 1,100 14,135
Intrum Justitia AB 459 5,617
Ione Holdings, Ltd. 160,000 1,207
Iron Mountain, Inc. (L) 2,575 81,422
Kimball International, Inc., Class B 200 972
Knoll, Inc. 800 10,960
Kokuyo Company, Ltd. 500 4,007
Koza Anadolu Metal Madencilik    
Isletmeleri AS (I) 3,080 6,570
Lassila & Tikanoja OYJ 363 5,141
Loomis AB 512 5,991
M&F Worldwide Corp. (I) 300 7,386
McGrath Rentcorp 500 11,895
Metalico, Inc. (I) 1,100 4,290
Mine Safety Appliances Company 400 10,784
Mineral Resources, Ltd. 1,263 12,098

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Commercial Services & Supplies (continued)    
Mitie Group PLC 2,329 $ 8,443
Mitsubishi Pencil Company, Ltd. 200 3,687
Mobile Mini, Inc. (I) 800 13,152
Moshi Moshi Hotline, Inc. 400 3,903
Multi-Color Corp. 100 2,259
Mvelaserve, Ltd. (I) 2,549 3,462
Nissha Printing Company, Ltd. (I) 300 3,447
Orell Fuessli Holding AG 57 6,844
Park24 Company Ltd. 1,000 12,334
Paypoint PLC 1,027 7,511
Penauille Polyservices SA (I) 416 1,505
Pitney Bowes, Inc. 1,800 33,840
Programmed Maintenance Services, Ltd. 3,918 7,589
Progressive Waste Solutions Ltd. 452 9,303
Prosegur Cia de Seguridad SA 240 10,192
R.R. Donnelley & Sons Company 2,600 36,712
Regus PLC 6,222 7,061
Rentokil Initial PLC (I) 29,942 33,139
Republic Services, Inc. 3,305 92,738
Ritchie Brothers Auctioneers, Inc. 700 14,202
Rollins, Inc. 1,950 36,485
RPS Group PLC 1,673 4,259
S1 Corp. 180 8,177
Schawk, Inc., Class A 500 4,935
Seche Environnement 29 1,434
Secom Company, Ltd. 900 43,271
Securitas AB, Series B 2,105 15,344
Serco Group PLC 3,723 29,498
Shanks Group PLC 2,270 3,901
Societe BIC SA 221 18,804
Sohgo Security Services Company, Ltd. 1,000 11,216
Spotless Group, Ltd. 5,512 9,449
Standard Parking Corp. (I) 200 3,128
Standard Register Company 200 506
Steelcase, Inc., Class A 1,200 7,572
Stericycle, Inc. (I) 700 56,504
Sykes Enterprises, Inc. (I) 600 8,970
Team, Inc. (I) 400 8,392
Tetra Tech, Inc. (I) 800 14,992
The Brinks Company 700 16,317
The Geo Group, Inc. (I) 1,220 22,643
Tomra Systems ASA 800 5,163
Toppan Forms Company, Ltd. 800 6,387
Toppan Printing Company, Ltd. 5,000 36,431
Transcontinental, Inc. 500 5,210
Transfield Services, Ltd. 8,075 14,448
Transpacific Industries Group, Ltd. (I) 3,754 2,214
Unifirst Corp. 200 9,058
United Stationers, Inc. 1,000 27,250
US Ecology, Inc. 100 1,547
Valid Solucoes e Servicos de Seguranca em    
Meios de Pagamento 220 2,241
Viad Corp. 400 6,792
Waste Connections, Inc. 1,650 55,803
Waste Management, Inc. 4,265 138,868
WHK Group, Ltd. 5,300 4,179
 
    1,863,770
 
Construction & Engineering    
Abengoa SA 391 8,329
ACS Actividades de Construccion    
y Servicios SA 813 28,686
Aecom Technology Corp. (I) 900 15,903
Aecon Group, Inc. 1,200 8,589
Arcadis NV 845 15,445
Astaldi SpA 1,584 8,759

 

115

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Construction & Engineering (continued)    
Asunaro Aoki Construction Company, Ltd. 1,000 $ 5,605
Aveng, Ltd. 2,595 11,056
Balfour Beatty PLC 7,040 27,814
Bauer AG 199 4,533
BES Engineering Corp. 46,000 10,831
Besalco SA 5,468 6,703
Bilfinger Berger SE 616 45,861
Bird Construction, Inc. 600 5,668
Boart Longyear Group 12,589 31,082
Bouygues SA 1,762 58,309
Cardno, Ltd. 746 3,283
Carillion PLC 5,864 30,255
Carso Infraestructura y Construccion    
SAB de CV (I) 10,100 5,098
China Communications    
Construction Company, Ltd. 32,787 20,932
China Railway Construction Corp. 13,500 5,657
China Railway Group, Ltd. 23,000 4,536
China State Construction    
International Holdings, Ltd. 21,600 11,086
Chugai Ro Company, Ltd. 1,000 3,304
Chung Hsin Electric &    
Machinery Manufacturing Corp. 17,000 8,063
Comfort Systems USA, Inc. 400 3,328
COMSYS Holdings Corp. 1,200 11,810
Cosco International Holdings, Ltd. 22,427 7,817
CTCI Corp. 6,000 7,195
Daelim Industrial Company, Ltd. 366 29,288
Daewoo Engineering &    
Construction Company, Ltd. (I) 2,050 15,529
Doosan Heavy Industries and    
Construction Company, Ltd. 259 12,102
Dycom Industries, Inc. (I) 500 7,650
Eiffage SA 234 7,215
EMCOR Group, Inc. 1,000 20,330
Empresas ICA SAB de CV (I) 8,100 8,989
FLSmidth & Company A/S, B Shares 534 26,689
Fluor Corp. 2,500 116,375
Fomento de Construcciones    
y Contratas SA (L) 377 9,317
Foster Wheeler AG (I) 200 3,558
Furmanite Corp. (I) 344 1,861
Galliford Try PLC 1,829 12,521
Gammon India, Ltd. 1,883 2,753
Gamuda BHD 12,700 11,343
GEK Group of Companies SA 925 1,498
GMR Infrastructure (I) 11,509 6,283
Granite Construction, Inc. 500 9,385
Great Lakes Dredge & Dock Corp. 800 3,256
Grontmij NV 287 4,033
Group Five, Ltd. 927 2,952
GS Engineering & Construction Corp. 313 25,441
Halla Engineering & Construction Corp. 560 6,329
Heijmans NV 103 1,367
Hellenic Technodomiki Tev SA 2,313 4,497
Hindustan Construction Company, Ltd. 4,756 2,740
HKC Holdings, Ltd. 27,770 1,041
Hochtief AG 395 24,549
Hyundai Development Company 940 13,119
Hyundai Engineering &    
Construction Company, Ltd. 280 14,215
IJM Corp. BHD 6,200 9,405
Implenia AG (I) 111 2,594
Impregilo SpA 4,555 11,246
Impulsora Del Desarrollo Y El Empleo en    
America Latina SAB de CV (I) 13,100 17,050

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Construction & Engineering (continued)    
Imtech NV 448 $ 12,593
Insituform Technologies, Inc., Class A 700 8,106
Interchina Holdings Company (I) 15,000 2,041
IRB Infrastructure Developers, Ltd. 1,495 4,935
IVRCL Infrastructures & Projects, Ltd. 6,650 4,708
Jacobs Engineering Group, Inc. (I) 1,800 58,122
JGC Corp. 1,000 24,555
Kajima Corp. 5,000 16,451
Kandenko Company, Ltd. 1,000 4,665
KBR, Inc. 2,900 68,527
Keller Group PLC 325 1,686
KEPCO Engineering &    
Construction Company, Inc. 230 9,406
Kier Group PLC 213 4,185
Kinden Corp. 1,000 8,615
Koninklijke BAM Groep NV 2,400 9,602
Koninklijke Boskalis Westinster NV 422 12,983
Kumho Industrial Company, Ltd. (I) 33 162
Kyowa Exeo Corp. 1,000 9,562
Lanco Infratech, Ltd. (I) 6,722 2,138
Larsen & Toubro, Ltd. 832 22,638
Layne Christensen Company (I) 400 9,240
Leighton Holdings, Ltd. 1,270 22,264
Macmahon Holdings, Ltd. (I) 4,908 2,793
Maeda Road Construction Company, Ltd. 1,000 10,966
Maire Tecnimont SpA 5,517 4,557
MasTec, Inc. (I) 1,000 17,610
Metallurgical Corp. of China, Ltd. 3,000 566
Michael Baker Corp. (I) 100 1,913
Michaniki SA (I) 2,623 628
Mirait Holdings Corp. 1,000 7,926
Monadelphous Group, Ltd. 333 5,516
Morgan Sindall PLC 210 1,792
Mota Engil 444 609
Murray & Roberts Holdings, Ltd. (I) 3,011 9,648
MYR Group, Inc. (I) 300 5,292
Nagarjuna Construction Company, Ltd. 1,391 1,696
NCC AB 526 8,537
Nippo Corp. 1,000 8,788
Nippon Road Company, Ltd. 3,000 8,027
Nishimatsu Construction Company, Ltd. 2,000 3,119
Northwest Pipe Company (I) 200 4,058
NRW Holdings, Ltd. 518 1,135
Obayashi Corp. 7,000 34,693
Obrascon Huarte Lain SA 995 24,424
Okumura Corp. 3,000 11,705
Orascom Construction Industries 461 16,020
Orion Marine Group, Inc. (I) 300 1,731
Outotec OYJ 215 7,645
PBG SA 86 1,445
Peab AB 2,689 13,102
Penta-Ocean Construction Company, Ltd. (L) 3,500 10,154
PER Aarsleff A/S 90 6,069
Pike Electric Corp. (I) 500 3,385
Polimex-Mostostal SA 26 10
Polnord SA 395 1,388
Promotora y Operadora de Infraestructura    
SAB de CV (I) 3,700 13,873
Punj Lloyd, Ltd. 1,401 1,533
Quanta Services, Inc. (I) 2,800 52,612
Raubex Group, Ltd. 1,042 1,689
Sacyr Vallehermoso SA 297 1,648
Salfacorp SA 3,307 8,661
Samsung Engineering Company, Ltd. 288 55,809
Sanki Engineering Company, Ltd. 2,000 11,149
Severfield Rowen PLC 2,280 5,295

 

116

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Construction & Engineering (continued)    
Shikun & Binu, Ltd. 842 $ 1,545
Shimizu Corp. 3,000 13,222
Skanska AB, Series B 2,913 40,267
SNC-Lavalin Group, Inc. 700 29,412
Solar Millennium AG (I) 105 414
Sterling Construction Company, Inc. (I) 300 3,351
Strabag SE 782 23,927
Sweco AB 449 3,689
Taihei Dengyo Kaisha, Ltd. 2,000 12,702
Taikisha, Ltd. 600 13,467
Taisei Corp. 9,000 24,823
Tekfen Holding AS 2,147 6,558
The Churchill Corp. 400 4,997
The Shaw Group, Inc. (I) 1,235 26,849
Toda Corp. 3,000 11,759
Tokyo Energy & Systems, Inc. 1,000 4,712
Toshiba Plant Systems & Services Corp. 1,000 9,891
Toyo Engineering Corp. 1,000 3,320
Tutor Perini Corp. 700 8,043
United Group, Ltd. 1,825 19,960
United Integrated Services Company, Ltd. 7,000 6,438
URS Corp. (I) 1,300 38,558
Veidekke ASA 501 3,040
Vianini Lavori SpA 357 1,863
Vinci SA 1,855 79,653
Voltas, Ltd. 1,873 4,167
Wavin NV (I) 158 1,214
Wilson Bayly Holmes-ovcon, Ltd. 130 1,666
YIT OYJ 616 9,246
Yokogawa Bridge Corp. 1,000 5,963
Yongnam Holdings, Ltd. 43,000 7,633
 
    1,990,806
 
Electrical Equipment    
A123 Systems, Inc. (I)(L) 900 3,096
ABB, Ltd. 467 6,581
ABB, Ltd. (I) 12,743 217,621
Acuity Brands, Inc. 700 25,228
Alstom SA 1,262 41,748
AMETEK, Inc. 2,100 69,237
AZZ, Inc. 300 11,631
Bekaert SA (I) 642 26,215
Belden, Inc. 700 18,053
Bharat Heavy Electricals, Ltd. (I) 439 14,495
Brady Corp., Class A 700 18,501
Broadwind Energy, Inc. (I) 900 288
China High Speed Transmission Equipment    
Group Company, Ltd. 5,000 2,256
Cooper Industries PLC 2,100 96,852
Crompton Greaves, Ltd. 1,545 4,726
Dongfang Electric Corp. Ltd. 4,800 12,357
Emerson Electric Company 5,475 226,172
Encore Wire Corp. 500 10,290
Ener1, Inc. (I) 1,500 206
EnerSys (I) 900 18,018
Franklin Electric Company, Inc. 300 10,884
FSP Technology, Inc. 8,079 6,129
Fuelcell Energy, Inc. (I)(L) 600 504
Fuji Electric Company, Ltd. 7,000 18,072
Fujikura, Ltd. 4,000 13,104
Furukawa Electric Company, Ltd. 4,000 10,870
Futaba Corp. 600 12,275
Gamesa Corporacion Tecnologica SA 1,673 7,507
Generac Holdings, Inc. (I) 700 13,167
General Cable Corp. (I) 900 21,015
Gintech Energy Corp. 5,301 6,772

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Electrical Equipment (continued)    
GrafTech International, Ltd. (I) 1,700 $ 21,590
GS Yuasa Corp. 3,000 14,005
Harbin Power Equipment Company, Ltd. 6,000 4,929
Hoku Corp. (I)(L) 1,300 2,080
Hubbell, Inc., Class B 800 39,632
Huber & Suhner AG 13 606
II-VI, Inc. (I) 800 14,000
Johnson Electric Holdings, Ltd. 11,000 5,489
Legrand SA, ADR 757 23,599
LS Cable, Ltd. 188 11,365
LS Industrial Systems Company, Ltd. 164 6,933
LSI Industries, Inc. 300 1,869
Madeco SA (I) 241,356 9,289
Mersen 322 12,770
Mitsubishi Electric Corp. 6,000 53,138
Neo-Neon Holdings, Ltd. 10,000 1,526
Nexans SA 342 19,866
Nippon Carbon Company, Ltd. 1,000 3,142
Nippon Signal Company, Ltd. 800 6,239
Nitto Kogyo Corp. 100 1,353
Nordex AG (I) 111 548
Ormat Industries, Ltd. 811 4,587
Phihong Technology Company, Ltd. 5,851 7,663
Polypore International, Inc. (I) 800 45,216
Powell Industries, Inc. (I) 100 3,097
Powercom Company Ltd. (I) 5,000 3,749
Prysmian SpA 1,626 21,327
Regal-Beloit Corp. 600 27,228
Renewable Energy Corp. ASA (I) 3,561 3,123
Rockwell Automation, Inc. 1,400 78,400
Roper Industries, Inc. 1,400 96,474
Saft Groupe SA 395 10,639
Schneider Electric SA 2,610 140,519
SGL Carbon AG (I) 292 15,339
Shanghai Electric Group Company, Ltd. (I) 26,000 9,958
Somfy SA 66 16,656
Sumitomo Electric Industries, Ltd. 3,700 43,294
Suzlon Energy, Ltd. (I) 941 687
SWCC Showa Holdings Company, Ltd. (I) 6,000 5,903
Taihan Electric Wire Company, Ltd. (I) 484 1,557
Teco Electric & Machinery Company, Ltd. 20,000 10,711
The Babcock & Wilcox Company (I) 1,200 23,460
Thomas & Betts Corp. (I) 800 31,928
Toyo Electric Manufacturing Company, Ltd. 1,000 5,023
Toyo Tanso Company, Ltd. 200 8,297
UQM Technologies, Inc. (I)(L) 900 1,503
Ushio, Inc. 1,400 21,266
Vacon OYJ 243 11,305
Vestas Wind Systems A/S (I) 992 16,086
Vicor Corp. 200 1,750
Walsin Lihwa Corp. 39,000 11,423
Woodward, Inc. 900 24,660
XP Power, Ltd. 131 2,162
Zhuzhou CSR Times Electric Company, Ltd. 4,000 6,525
Zumtobel AG 627 10,738
 
    1,920,091
 
Electronic Equipment, Instruments & Components  
Rotork PLC 289 6,956
 
Household Durables    
AFG Arbonia-Forster Holding AG (I) 54 932
 
Industrial Conglomerates    
3M Company 4,700 337,413
Aboitiz Equity Ventures, Inc. 27,500 23,763

 

117

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Industrial Conglomerates (continued)    
Aditya Birla Nuvo, Ltd. 491 $ 9,101
Alfa SAB de CV 2,600 26,715
Bakrie & Brothers Tbk PT (I) 1,496,000 8,463
Barloworld, Ltd. 2,065 15,373
Beijing Enterprises Holdings, Ltd. 4,000 20,016
Berjaya Corp. BHD (Kuala Lumpur Exchange) 16,100 5,042
Bidvest Group, Ltd. 1,720 31,699
Boustead Holdings BHD 7,900 12,394
Carlisle Companies, Inc. 800 25,504
Chongqing Machinery &    
Electric Company, Ltd. 4,000 559
CIR-Compagnie Industriali Riunite SpA 2,773 5,211
Citic Pacific, Ltd. 6,000 8,301
CJ Corp. 119 7,856
Clal Industries & Investments, Ltd. 576 2,420
Cookson Group PLC 3,162 21,198
CSR, Ltd. 11,474 25,541
Daetwyler Holding AG 23 1,254
Danaher Corp. 5,400 226,476
DCC PLC 1,040 26,091
Dogan Sirketler Grubu Holdings (I) 10,683 3,656
Doosan Corp. 64 7,235
Empresas Copec SA 2,167 25,855
Enka Insaat ve Sanayi AS 1,867 4,510
Far Eastern New Century Corp. 16,222 16,525
Fraser and Neave, Ltd. 10,000 43,771
General Electric Company 85,213 1,298,646
Grupo Carso SAB de CV 5,300 12,306
Hankyu Hanshin Holdings, Inc. 5,000 21,385
Hong Leong Asia, Ltd. 3,000 3,401
Hutchison Whampoa, Ltd. 11,000 81,429
Ihlas Holding AS (I) 8,301 3,913
Indus Holding AG 334 8,301
Jaiprakash Associates, Ltd. 3,873 5,655
Katakura Industries Company, Ltd. 700 7,194
Keihan Electric Railway Company, Ltd. 5,000 24,002
Keppel Corp., Ltd. 7,700 45,103
KOC Holdings AS 4,095 15,195
Koninklijke Philips Electronics NV 6,614 118,395
LG Corp. 666 33,199
Malaysian Resources Corp. BHD 27,150 13,614
MAX India, Ltd. (I) 1,717 6,574
Mexichem SAB de CV 3,700 11,125
Miramar Hotel & Investment Company, Ltd. 8,000 7,804
MMC Corp. BHD 10,200 8,184
NWS Holdings, Ltd. 9,672 12,861
Orion Corp. 57 24,906
Orkla ASA 5,410 41,161
Raven Industries, Inc. 300 14,460
Reunert, Ltd. 873 6,332
Rheinmetall AG 298 13,976
Samsung Techwin Company, Ltd. 124 5,647
SembCorp Industries, Ltd. 7,000 18,063
Shanghai Industrial Holdings, Ltd. 4,000 11,165
Siemens AG 74 6,685
Siemens AG 3,200 287,328
Sime Darby BHD 10,800 28,097
SK Holdings Company, Ltd. 284 31,580
SM Investments Corp. 1,060 12,585
Smiths Group PLC 2,696 41,536
Sonae 3,327 2,322
Standex International Corp. 300 9,339
Tyco International, Ltd. 1,829 74,532
 
    3,309,942

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Machinery    
3D Systems Corp. (I) 400 $ 5,596
Aalberts Industries NV 535 7,979
Actuant Corp., Class A 900 17,775
AG Growth International, Inc. 87 3,111
AGCO Corp. (I) 1,300 44,941
Aida Engineering, Ltd. 1,000 4,793
Alamo Group, Inc. 400 8,316
Albany International Corp., Class A 400 7,300
Alfa Laval AB 2,028 31,839
Altra Holdings, Inc. (I) 300 3,471
Amada Company, Ltd. 3,000 19,545
American Railcar Industries, Inc. (I) 400 6,152
Ampco-Pittsburgh Corp. 100 2,045
Andritz AG 184 15,087
Ashok Leyland, Ltd. 3,312 1,749
Astec Industries, Inc. (I) 400 11,712
Atlas Copco AB, Series A (I) 3,081 54,425
Atlas Copco AB, Series B (I) 1,570 24,630
ATS Automation Tooling Systems, Inc. (I) 1,702 9,989
Badger Meter, Inc. 300 8,679
Bando Chemical Industries, Ltd. 1,000 3,786
Barnes Group, Inc. 1,100 21,175
Beijer Alma AB 96 1,487
BEML, Ltd. 572 5,302
Blount International, Inc. (I) 500 6,680
Bobst Group AG (I) 236 5,013
Bodycote PLC 1,394 5,321
Bradken, Ltd. 1,082 6,794
Briggs & Stratton Corp. 1,100 14,861
Bucher Industries AG 32 4,978
Burckhardt Compression Holding AG 4 790
Cargotec Corp. OYJ 270 6,523
Cascade Corp. 100 3,339
Caterpillar, Inc. 4,900 361,816
Chart Industries, Inc. (I) 600 25,302
Charter International PLC 2,032 27,286
China Automation Group, Ltd. 13,000 3,271
China National Materials Company, Ltd. 11,000 3,871
CIRCOR International, Inc. 400 11,748
CKD Corp. 1,300 7,652
CLARCOR, Inc. 765 31,656
CNH Global NV (I) 1,919 50,355
CNNC International, Ltd. (I) 10,000 2,459
Colfax Corp. (I)(L) 500 10,130
Columbus McKinnon Corp./NY (I) 500 5,480
Concentric Ab (I) 1,200 5,138
Construcciones & Auxiliar de Ferrocarriles SA 30 15,213
Conzzeta Holding AG 4 8,685
Cosco Corp. Singapore, Ltd. 10,000 6,874
Crane Company 800 28,552
CSR Corp., Ltd. 6,000 2,118
Cummins India, Ltd. 1,205 10,130
Cummins, Inc. 1,408 114,977
Daewoo Shipbuilding & Marine    
Engineering Company, Ltd. 1,180 22,067
Daifuku Company, Ltd. 1,500 8,040
Danieli & C Officine Meccaniche SpA 270 5,550
Deere & Company 2,900 187,253
Delachaux SA 38 4,167
Deutz AG (I) 380 2,090
Donaldson Company, Inc. 800 43,840
Doosan Infracore Company, Ltd. (I) 830 12,468
Dover Corp. 2,800 130,480
Duerr AG 342 11,037
Dynamic Materials Corp. 100 1,575
Eaton Corp. 3,200 113,600

 

118

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Machinery (continued)    
Ebara Corp. 4,000 $ 15,793
Energy Recovery, Inc. (I) 600 1,806
EnPro Industries, Inc. (I) 300 8,904
ESCO Technologies, Inc. 400 10,200
Eva Precision Industrial Holdings, Ltd. 24,000 5,963
Faiveley Transport 97 5,823
FANUC Corp. 800 110,143
Federal Signal Corp. (I) 1,100 4,862
Fenner PLC 4,741 22,858
Fiat Industrial SpA (I) 4,623 34,471
First Tractor Company 10,000 5,764
Flanders Corp. (I) 1,100 3,245
Flowserve Corp. 500 37,000
FreightCar America, Inc. (I) 100 1,441
Fujitec Company, Ltd. 1,000 5,388
Furukawa Company, Ltd. (I) 3,000 2,919
Gardner Denver, Inc. 1,100 69,905
GEA Group AG 1,483 34,651
Georg Fischer AG (I) 30 10,419
Gildemeister AG (I) 397 5,026
Glory, Ltd. 500 11,700
Graco, Inc. 800 27,312
Graham Corp. 300 4,992
Greenbrier Companies, Inc. (I) 300 3,495
Haldex AB (I) 1,200 4,470
Hanjin Heavy Industries &    
Construction Company, Ltd. (I) 414 5,798
Hanjin Heavy Industries & Construction    
Holdings Company, Ltd. 120 686
Harsco Corp. 1,100 21,329
Heidelberger Druckmaschinen AG (I)(L) 2,635 5,419
Hexagon AB 2,346 30,534
Hexpol AB 75 1,380
Hitachi Construction    
Machinery Company, Ltd. 400 6,683
Hitachi Tool Engineering, Ltd. 800 8,518
Hitachi Zosen Corp. 7,500 11,120
Hiwin Technologies Corp. 1,000 6,805
Hyundai Heavy Industries Company, Ltd. 168 38,942
Hyundai Mipo Dockyard Company, Ltd. 154 13,279
IDEX Corp. 1,100 34,276
Illinois Tool Works, Inc. 4,100 170,560
IMI PLC 3,359 36,953
Ingersoll-Rand PLC 3,100 87,079
International Mining Machinery Holdings, Ltd. 7,500 7,462
Interpump SpA 762 4,324
Invensys PLC 5,363 18,638
Iochpe-Maxion SA 800 8,093
Iseki & Company, Ltd. (I) 3,000 7,338
Ishikawajima-Harima Heavy    
Industries Company, Ltd. 9,000 19,862
Jain Irrigation Systems, Ltd. 1,975 6,071
Jaya Holdings, Ltd. (I) 8,000 2,875
John Bean Technologies Corp. 343 4,891
Joy Global, Inc. 1,100 68,618
Juki Corp. 1,000 1,896
Kadant, Inc. (I) 100 1,776
Kawasaki Heavy Industries, Ltd. 9,000 22,906
Kaydon Corp. 500 14,340
KCI Konecranes OYJ 207 4,156
Kennametal, Inc. 1,174 38,437
Kitz Corp. 1,000 5,031
Komatsu, Ltd. 3,700 79,899
Komori Corp. 700 4,607
Kone OYJ 786 37,295
Koyo Seiko Company, Ltd. 1,800 21,497

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Machinery (continued)    
Krones AG 110 $ 5,708
Kubota Corp. 5,000 39,951
Kurita Water Industries, Ltd. 700 19,580
LB Foster Co. 200 4,446
Lincoln Electric Holdings, Inc. 1,200 34,812
Lindsay Corp. 257 13,827
Lonking Holdings, Ltd. 24,000 7,587
Lupatech SA (I) 100 441
Lydall, Inc. (I) 600 5,340
Makino Milling Machine Company, Ltd. 1,000 5,868
Makita Corp. 700 24,933
MAN SE- NEW 685 86,408
MAN SE 44 3,403
Max Company, Ltd. 1,000 12,961
Meidensha Corp. 2,000 7,421
Melrose PLC 2,514 11,342
Meritor, Inc. (I) 1,100 7,766
Met-Pro Corp. 200 1,716
Metka SA 436 3,261
Metso OYJ 1,949 56,789
Meyer Burger Technology AG (I) 313 7,947
Middleby Corp. (I) 200 14,092
Miller Industries, Inc. 300 5,205
Minebea Company, Ltd. 2,000 6,712
Mitsubishi Heavy Industries, Ltd. 18,000 75,694
Mitsuboshi Belting Company, Ltd. 1,000 5,626
Mitsui Engineering &    
Shipbuilding Company, Ltd. 9,000 15,079
Miura Company, Ltd. 500 14,619
Morgan Crucible Company PLC 2,337 8,866
Mori Seiki Company, Ltd. 1,300 11,654
Mueller Industries, Inc. 800 30,872
Mueller Water Products, Inc. 1,800 4,464
Nabtesco Corp. 400 7,579
NACCO Industries, Inc., Class A 100 6,340
Nachi-Fujikoshi Corp. 1,000 4,860
Navistar International Corp. (I) 1,200 38,544
NGK Insulators Ltd 1,000 15,060
Nippon Thompson Company, Ltd. 1,000 5,992
Nitto Kohki Company, Ltd. 400 9,767
NKT Holding A/S 153 5,511
Nordson Corp. 800 31,792
Noritake Company, Ltd. 1,000 3,538
NSK, Ltd. 3,000 22,020
NTN Corp. 5,000 23,438
OKUMA Corp. 2,000 12,152
Omega Flex, Inc. (I) 100 1,330
OSG Corp. 400 4,812
Oshkosh Corp. (I) 1,300 20,462
Otto Marine, Ltd. 14,000 1,428
PACCAR, Inc. 2,556 86,444
Pall Corp. 1,100 46,640
Parker Hannifin Corp. 2,300 145,199
Pentair, Inc. 1,400 44,814
Pfeiffer Vacuum Technology AG 139 12,107
PMFG, Inc. (I) 100 1,577
Rational AG 13 2,898
RBC Bearings, Inc. (I) 300 10,197
Robbins & Myers, Inc. 868 30,128
Ryobi, Ltd. 1,000 4,552
Samsung Heavy Industries Company, Ltd. 1,350 30,986
Sandvik AB 4,385 50,371
Sauer-Danfoss, Inc. (I) 300 8,670
Scania AB, Series B 1,233 17,579
Schindler Holding AG - REG 174 18,973
Schweiter Technologies AG 25 13,676

 

119

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Machinery (continued)    
Seco Tools AB 474 $ 5,067
SembCorp Marine, Ltd. 4,000 9,784
Senior PLC 2,247 5,038
Shima Seiki Manufacturing, Ltd. 700 12,897
Shin Zu Shing Company, Ltd. 2,099 4,193
Shinmaywa Industries, Ltd. 3,000 11,125
Showa Aircraft Industry Company, Ltd. 1,000 6,672
Singamas Container Holdings, Ltd. 32,000 5,088
Sinotruk Hong Kong, Ltd. 3,000 1,698
Sintokogio, Ltd. 600 5,852
SKF AB 245 4,595
SKF AB, B Shares 1,861 35,072
SMC Corp. 300 43,808
Snap-On, Inc. 900 39,960
Spirax-Sarco Engineering PLC 456 12,680
SPX Corp. 800 36,248
Stanley Black & Decker, Inc. 2,456 120,590
STX Corp. 484 5,811
STX Engine Company, Ltd. 440 7,888
STX Shipbuilding Company, Ltd. 430 5,787
Sulzer AG 175 17,915
Sumitomo Heavy Industries, Ltd. 6,000 30,769
Sun Hydraulics, Inc. 450 9,171
Swisslog Holding AG (I) 10,748 8,219
Tata Motors, Ltd., ADR (L) 1,300 19,994
Tecumseh Products Company, Class A (I) 100 729
Tennant Company 300 10,611
Terex Corp. (I) 1,500 15,390
The Gorman-Rupp Company 375 9,259
The Japan Steel Works, Ltd. 2,000 11,922
The Manitowoc Company, Inc. (L) 2,700 18,117
The Toro Company 400 19,708
The Weir Group PLC 2,679 64,189
THK Company, Ltd. 1,100 18,352
Timken Company 1,500 49,230
Titan International, Inc. 525 7,875
Torishima Pump Manufacturing Company, Ltd. 200 2,804
Toromont Industries, Ltd. 500 7,782
Toshiba Machine Company, Ltd. 3,000 12,493
Trelleborg AB, Series B 939 6,041
TriMas Corp. (I) 500 7,425
Trinity Industries, Inc. 1,000 21,410
Tsubakimoto Chain Company, Ltd. 1,000 5,201
Tsurumi Manufacturing Company, Ltd. 1,000 8,365
Twin Disc, Inc. 400 10,668
Unaxis Holding AG (I) 620 3,521
Union Tool Company, Ltd. 100 1,739
United Tractors Tbk PT 12,053 29,369
Vallourec SA 701 40,179
Valmont Industries, Inc. 400 31,176
Volvo AB, Series A 2,331 22,963
Volvo AB, Series B 6,106 59,697
Vossloh AG 56 5,516
WABCO Holdings, Inc. (I) 1,000 37,860
Wabtec Corp. 600 31,722
Wacker Construction Equipment AG 190 2,152
Wartsila OYJ 1,392 33,056
Watts Water Technologies, Inc., Class A (L) 600 15,990
Weg SA 2,400 23,869
WMH Walter Meier AG (I) 28 6,451
Yangzijiang Shipbuilding Holdings, Ltd. 14,000 9,331
Zardoya Otis SA 1,218 15,532
 
    5,395,427
 
Marine    
A P Moller Maersk A/S, Series A 8 47,089

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Marine (continued)    
Alexander & Baldwin, Inc. 800 $ 29,224
China COSCO Holdings Company, Ltd. 18,500 7,425
China Shipping Container    
Lines Company, Ltd. (I) 47,000 7,069
China Shipping Development Company, Ltd. 10,000 6,198
Chinese Maritime Transport, Ltd. 3,000 4,037
Companhia Sudamericana de Vapores SA 7,688 1,767
D/S Norden A/S 64 1,760
DFDS A/S 36 2,455
Eagle Bulk Shipping, Inc. (I) 900 1,413
Evergreen Marine Corp. 23,000 11,586
Excel Maritime Carriers, Ltd. (I)(L) 700 1,456
Genco Shipping & Trading, Ltd. (I)(L) 600 4,686
Golden Ocean Group, Ltd. 4,000 2,724
Grindrod, Ltd. 3,074 5,710
Hanjin Shipping Company, Ltd. 581 5,012
Hanjin Shipping Holdings Company, Ltd. 98 604
Horizon Lines, Inc. (L) 900 385
Hyundai Merchant Marine Company, Ltd. 144 3,026
Iino Kaiun Kaisha, Ltd. 1,300 6,841
International Shipholding Corp. 200 3,698
Kawasaki Kisen Kaisha, Ltd. (I) 5,000 10,387
Kirby Corp. (I) 800 42,112
Korea Line Corp. (I) 165 1,221
Kuehne & Nagel International AG 323 36,130
Malaysian Bulk Carriers BHD 7,700 4,294
Mermaid Marine Australia, Ltd. 601 1,827
MISC BHD 6,240 11,404
Mitsui O.S.K. Lines, Ltd. 4,000 15,330
Neptune Orient Lines, Ltd. 7,000 5,759
Nippon Yusen Kabushiki Kaisha 10,000 26,996
Orient Overseas International, Ltd. 1,500 6,004
Pacific Basin Shipping, Ltd. 14,000 5,434
Shun Tak Holdings, Ltd. (I) 12,000 4,243
Sincere Navigation Corp. 7,000 5,754
Sinotrans Shipping, Ltd. 15,500 3,397
STX Pan Ocean Company, Ltd. 870 5,531
Trada Maritime Tbk Pt 141,500 11,805
Trencor, Ltd. 1,264 5,258
U-Ming Marine Transport Corp. 4,000 5,811
Wan Hai Lines, Ltd. 8,820 4,126
Wilh Wilhelmsen Holding ASA, Class A 150 3,155
Yang Ming Marine Transport Corp. 18,148 6,988
 
    377,131
 
Media    
Seven Network, Ltd. 755 5,745
 
Professional Services    
Acacia Research (I) 700 25,193
Adcorp Holdings, Ltd. 858 2,636
Adecco SA (I) 842 33,017
Angpanneforeningen AB 518 7,534
Barrett Business Services, Inc. 312 4,349
Brunel International NV 442 14,182
Bureau Veritas SA 318 22,870
Campbell Brothers, Ltd. 646 25,735
CBIZ, Inc. (I) 900 5,931
CDI Corp. 200 2,136
CoStar Group, Inc. (I) 196 10,186
CRA International, Inc. (I) 300 6,003
Dun & Bradstreet Corp. 800 49,008
Equifax, Inc. 1,800 55,332
Experian PLC 5,311 59,750
Exponent, Inc. (I) 300 12,399
FTI Consulting, Inc. (I)(L) 700 25,767

 

120

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Professional Services (continued)    
GP Strategies Corp. (I) 499 $ 4,985
Hays PLC 14,281 15,324
Heidrick & Struggles International, Inc. 300 4,935
Hill International, Inc. (I) 800 3,744
Hudson Highland Group, Inc. (I) 200 684
Huron Consulting Group, Inc. (I) 600 18,678
ICF International, Inc. (I) 200 3,762
IHS, Inc., Class A (I) 700 52,367
Insperity, Inc. 300 6,675
Intertek Group PLC 1,429 40,972
Kelly Services, Inc., Class A 400 4,560
Kforce, Inc. (I) 400 3,924
Korn/Ferry International (I) 800 9,752
LECG Corp. (I) 400 6
Manpower, Inc. 1,227 41,252
Mcmillan Shakespeare, Ltd. 251 2,041
Meitec Corp. 500 9,546
Michael Page International PLC 1,081 6,149
Mouchel Parkman PLC (I) 373 200
Navigant Consulting Company (I) 1,000 9,270
On Assignment, Inc. (I) 600 4,242
Poyry OYJ 603 4,725
Proffice AB 1,892 5,545
Randstad Holdings NV 1,047 33,399
Resources Connection, Inc. 700 6,846
Robert Half International, Inc. 1,200 25,464
SAI Global, Ltd. 2,788 12,595
School Specialty, Inc. (I) 200 1,426
Seek, Ltd. 1,040 5,272
SGS SA 29 43,981
SR Teleperformance SA 626 13,325
Stantec, Inc. (I) 200 4,457
Sthree PLC 3,291 11,680
Temp Holdings Company, Ltd. 600 5,544
The Advisory Board Company (I) 300 19,359
The Capita Group PLC 3,825 41,807
The Corporate Executive Board Company 500 14,900
The Dolan Company (I) 400 3,596
Towers Watson & Company, Class A 500 29,890
TrueBlue, Inc. (I) 500 5,665
USG People NV 965 7,982
Verisk Analytics, Inc., Class A (I) 1,300 45,201
Volt Information Sciences, Inc. (I) 500 3,350
VSE Corp. 100 2,588
W.S. Atkins PLC 1,648 13,831
 
    967,524
 
Road & Rail    
All America Latina Logistica SA 5,200 23,590
AMERCO, Inc. (I) 350 21,858
Arkansas Best Corp. 300 4,845
Asciano Group 21,695 29,862
Avis Budget Group, Inc. (I) 2,200 21,274
Canadian National Railway Company 1,900 126,975
Canadian Pacific Railway, Ltd. (L) 1,100 53,032
Celadon Group, Inc. 300 2,664
Central Japan Railway Company, Ltd. 6 52,278
ComfortDelGro Corp., Ltd. 13,000 12,925
Con-way, Inc. 800 17,704
Container Corp of India 286 5,669
CSX Corp. 11,673 217,935
Dollar Thrifty Automotive Group, Inc. (I) 600 33,780
DSV A/S, ADR 974 17,556
East Japan Railway Company 1,500 91,079
Evergreen International Storage    
& Transport Corp. 6,000 3,330

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Road & Rail (continued)    
FirstGroup PLC 4,847 $ 24,027
Fukuyama Transporting Company, Ltd. 3,000 18,242
Genesee & Wyoming, Inc., Class A (I) 700 32,564
Globaltrans Investment PLC, GDR 741 10,189
Go-Ahead Group PLC 280 5,744
Heartland Express, Inc. 1,100 14,916
Hertz Global Holdings, Inc. (I) 6,800 60,520
Hitachi Transport System, Ltd. 700 12,955
J.B. Hunt Transport Services, Inc. 1,100 39,732
Kansas City Southern (I) 1,400 69,944
Keihin Electric Express    
Railway Company, Ltd. 2,000 18,457
Keio Corp. 4,000 28,598
Keisei Electric Railway Company, Ltd. 2,000 13,571
Kintetsu Corp. (L) 7,000 26,344
Knight Transportation, Inc. 1,100 14,641
Landstar System, Inc. 800 31,648
Localiza Rent a Car SA 300 3,973
Marten Transport, Ltd. 400 6,896
MTR Corp., Ltd. 10,159 30,468
Nagoya Railroad Company, Ltd. 4,000 11,653
Nankai Electric Railway Company, Ltd. 3,000 13,170
National Express Group PLC 6,583 23,803
Nippon Express Company, Ltd. 7,000 29,814
Nippon Konpo Unyu Soko Company, Ltd. 1,000 12,407
Nishi-Nippon Railroad Company, Ltd. 3,000 14,184
Norfolk Southern Corp. 3,828 233,585
Odakyu Electric Railway Company, Ltd. 3,000 28,507
Old Dominion Freight Line, Inc. (I) 900 26,073
P.A.M. Transportation Services, Inc. (I) 300 2,988
RailAmerica, Inc. (I) 505 6,580
Ryder Systems, Inc. 800 30,008
Sagami Railway Company, Ltd. 3,000 10,027
Saia, Inc. (I) 300 3,156
Sankyu, Inc. 3,000 14,095
Seino Holdings Company, Ltd. 2,000 16,238
Senko Company, Ltd. 1,000 4,009
Shin-Keisei Electric Railway Company, Ltd. 2,000 9,121
Sixt AG 790 14,898
SMRT Corp., Ltd. 9,000 11,959
Stagecoach Group PLC (I) 2,732 10,417
Tobu Railway Company, Ltd. 2,000 9,424
Tokyu Corp. 5,000 25,103
TransForce, Inc. 1,100 10,865
Transport International Holdings, Ltd. 2,800 5,690
Union Pacific Corp. 5,300 432,851
Universal Truckload Services, Inc. 100 1,300
USA Truck, Inc. (I) 200 1,552
Werner Enterprises, Inc. (L) 900 18,747
West Japan Railway Company, Ltd. 900 38,596
 
    2,270,605
 
Trading Companies & Distributors    
Aceto Corp. 700 3,703
Adani Enterprises, Ltd. 790 8,302
AddTech AB 180 3,457
Aircastle, Ltd. 1,100 10,472
AKR Corporindo Tbk PT 55,000 14,720
Alesco Corp., Ltd. 615 797
Apac Resources, Ltd. (I) 100,000 3,346
Applied Industrial Technologies, Inc. 800 21,728
Ashtead Group PLC 2,287 4,704
BayWa AG 220 8,484
BE Group AB (I) 1,490 4,976
Beacon Roofing Supply, Inc. (I) 1,000 15,990
Bergman & Beving AB 25 191

 

121

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Trading Companies & Distributors (continued)    
BlueLinx Holdings, Inc. (I) 557 $ 808
Brenntag AG 143 12,435
Bunzl PLC 2,935 34,860
CAI International, Inc. (I) 600 7,032
Citic Resources Holdings, Ltd. (I) 11,500 1,049
Cramo OYJ 941 7,948
Daewoo International Corp. 296 7,276
DXP Enterprises, Inc. (I) 200 3,766
Emeco Holdings, Ltd. 4,324 4,034
Eqstra Holdings, Ltd. 4,732 4,245
Fastenal Company (L) 2,400 79,872
Finning International, Inc. 1,300 23,757
G & L Beijer AB 55 1,667
GATX Corp. 900 27,891
Grafton Group PLC 1,533 5,457
H&E Equipment Services, Inc. (I) 700 5,775
Hanwa Company, Ltd. 2,000 9,013
Houston Wire & Cable Company 400 4,596
IMS International Metal Service (I) 172 2,141
Inaba Denki Sangyo Company, Ltd. 400 12,278
Inabata & Company, Ltd. 1,600 9,099
Interline Brands, Inc. (I) 500 6,435
ITOCHU Corp. 7,000 66,858
Jalux, Inc. 500 4,922
Japan Pulp & Paper Company, Ltd. 1,000 3,789
Kaman Corp., Class A 400 11,140
Kanematsu Corp. (I) 9,000 7,709
Kloeckner & Company SE 742 9,059
Kuroda Electric Company, Ltd. 300 3,563
Lavendon Group PLC 5,310 8,010
Lawson Products, Inc. 300 4,056
LG International Corp. 310 10,858
Marubeni Corp. 7,000 39,145
MISUMI Group, Inc. 800 17,753
Mitsubishi Corp. 7,900 160,881
Mitsui & Company, Ltd. 2,200 31,843
Mitsui & Company, Ltd., ADR 300 86,355
MSC Industrial Direct Company, Inc., Class A 700 39,522
Nagase & Company, Ltd. 1,000 12,322
Noble Group, Ltd. 15,000 14,982
Ramirent OYJ 637 3,895
Reece Australia, Ltd. 929 16,986
Rexel SA 817 12,215
Richelieu Hardware, Ltd. 700 16,587
RNL BIO Company, Ltd. (I) 920 5,551
RSC Holdings, Inc. (I) 945 6,738
Rush Enterprises, Inc., Class A (I) 500 7,080
Russel Metals, Inc. 1,100 21,866
Samsung C&T Corp. 1,047 61,094
Satair A/S (I) 30 3,131
Schouw & Company A/S 100 1,854
SIG PLC 6,281 9,037
SK Networks Company, Ltd. 1,960 17,711
Sojitz Corp. 11,400 20,831
Sumitomo Corp. 6,200 76,659
Superior Plus Corp. 700 5,023
TAL International Group, Inc. 700 17,458
Tat Hong Holdings, Ltd. 9,000 4,721
Textainer Group Holdings, Ltd. 1,000 20,280
Titan Machinery, Inc. (I) 400 7,160
Toyota Tsusho Corp. 2,000 34,174
Travis Perkins PLC 1,035 12,177
United Rentals, Inc. (I) 541 9,110
W.W. Grainger, Inc. 700 104,678
Watsco, Inc. 400 20,440
WESCO International, Inc. (I)(L) 800 26,840

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Trading Companies & Distributors (continued)    
Wolseley PLC 2,400 $ 59,744
Yuasa Trading Company, Ltd. 7,000 10,137
 
    1,518,248
 
Transportation Infrastructure    
Abertis Infraestructuras SA 1,981 30,441
Aeroports de Paris 235 17,651
Airports of Thailand PCL 6,000 7,624
Anhui Expressway Company, Ltd. 4,000 1,988
Ansaldo STS SpA 478 4,737
Auckland International Airport, Ltd. 13,117 22,787
Australian Infrastructure Fund 5,379 9,327
Autostrade SpA 1,276 18,300
BBA Aviation PLC 4,353 11,299
Beijing Capital International Airport    
Company, Ltd., Class H 26,000 10,463
Brisa Auto Estrada SA 957 3,391
CCR SA 900 23,430
China Merchants Holdings    
International Company, Ltd. 8,458 22,768
ConnectEast Group 53,679 28,227
COSCO Pacific, Ltd. 6,000 6,648
Ecorodovias Infraestrutura e Logistica SA 1,500 11,009
Ferrovial SA 3,229 36,886
Flughafen Wien AG 263 11,248
Flughafen Zuerich AG 30 11,284
Fraport AG, ADR 382 22,292
Gemina SpA (I) 17,011 13,699
Groupe Eurotunnel SA 2,308 19,527
Grupo Aeroportuario del Pacifico SA    
de CV, Series B 900 3,014
Grupo Aeroportuario del Pacifico SAB    
de CV, ADR 900 29,889
Grupo Aeroportuario del Sureste SAB    
de CV, ADR 300 14,916
Hamburger Hafen und Logistik AG 130 3,606
Hong Kong Aircraft    
Engineering Company, Ltd. 800 10,057
Hopewell Highway Infrastructure, Ltd., GDR 12,600 7,623
International Container Terminal Services, Inc. 10,000 10,600
Jasa Marga PT 36,000 16,010
Jiangsu Expressway, Ltd. 10,000 7,644
Kamigumi Company, Ltd. 3,000 26,823
Koninklijke Vopak NV 407 19,499
LLX Logistica SA (I) 587 1,133
Macquarie Airports, Ltd. (I) 4,411 13,665
Macquarie Korea Infrastructure Fund 1,650 6,974
Malaysia Airports Holdings 3,300 5,355
Mitsubishi Logistics Corp. 1,000 10,764
Mitsui-Soko Company, Ltd. 1,000 3,867
Mundra Port and Special Economic Zone, Ltd. 4,100 13,494
Nissin Corp. 3,000 7,476
Novorossiysk Commercial Sea Port    
Pjscnovorossiysk-gdr Reg S 448 3,190
Obrascon Huarte Lain Brasil SA 200 6,425
PLUS Expressways BHD 10,000 13,489
Port of Tauranga, Ltd. 651 4,849
Santos Brasil Participacoes SA 600 7,659
Sia Engineering Company, Ltd. 3,000 8,686
Singapore Airport Terminal Services, Ltd. 3,920 6,499
Sumitomo Warehouse Company, Ltd. 3,000 13,824
Tav Havalimanlari Holding AS (I) 958 3,780
Transurban Group, Ltd. 6,155 31,997
Yasuda Warehouse Company, Ltd. 1,000 6,363
Yuexiu Transport Infrastructure Ltd. 5,640 1,972

 

122

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Transportation Infrastructure (continued)    
Zhejiang Expressway Company, Ltd., Class H 12,000 $ 7,218
    673,386
    26,280,161
Information Technology - 8.72%    
 
Communications Equipment    
AAC Acoustic Technologies Holdings, Inc. 10,000 21,470
Accton Technology Corp. 15,535 6,788
Acme Packet, Inc. (I) 900 38,331
ADTRAN, Inc. 800 21,168
Adva AG Optical Networking (I) 1,343 5,969
Aiphone Company, Ltd. 400 7,707
Alcatel-Lucent (I) 11,778 33,676
Alcatel-Lucent, ADR (I) 1,300 3,679
Anaren, Inc. (I) 300 5,745
Arris Group, Inc. (I) 1,850 19,055
Aruba Networks, Inc. (I)(L) 1,300 27,183
Ascom Holding AG 647 6,148
Avanzit SA (I) 7,249 1,510
Aviat Networks, Inc. (I) 1,300 3,055
Axis Communications AB 628 10,259
Beijing Enterprises Water Group, Ltd. (I) 12,000 2,168
Bel Fuse, Inc., Class B 300 4,677
BigBand Networks, Inc. (I) 1,300 1,664
Black Box Corp. 200 4,270
Blue Coat Systems, Inc. (I) 400 5,552
Brocade Communications Systems, Inc. (I) 5,800 25,056
BYD Electronic    
International Company, Ltd. (I) 7,000 1,702
Calix, Inc. (I) 700 5,460
Cisco Systems, Inc. 38,350 594,042
Cogo Group, Inc. (I)(L) 600 1,278
Comtech Telecommunications Corp. 200 5,618
Cybertan Technology, Inc. 5,000 4,900
D-Link Corp. 7,980 5,834
Denki Kogyo Company, Ltd. 3,000 12,035
DG FastChannel, Inc. (I) 400 6,780
Digi International, Inc. (I) 500 5,500
Dragonwave, Inc. (I) 700 2,291
EchoStar Corp., Class A (I) 500 11,305
Eltek ASA (I) 1,541 798
Emulex Corp. (I) 1,300 8,320
EVS Broadcast Equipment SA 252 13,090
Exfo Electro Optical Engineering, Inc. (I) 55 346
Extreme Networks, Inc. (I) 1,700 4,505
F5 Networks, Inc. (I) 600 42,630
Finisar Corp. (I)(L) 1,100 19,294
Gemtek Technology Corp. 5,252 4,179
Globecomm Systems, Inc. (I) 400 5,404
Harmonic, Inc. (I) 1,700 7,242
Harris Corp. (L) 1,900 64,923
Hitachi Kokusai Electric, Inc. 1,000 6,419
HTC Corp. 2,661 58,460
ICOM, Inc. 300 7,674
Infinera Corp. (I)(L) 900 6,948
InterDigital, Inc. (L) 512 23,849
Ixia (I) 800 6,136
JDS Uniphase Corp. (I) 3,000 29,910
Juniper Networks, Inc. (I) 4,800 82,848
KVH Industries, Inc. (I) 200 1,582
Loral Space & Communications, Inc. (I) 500 25,050
Motorola Mobility Holdings, Inc. (I) 2,562 96,792
Motorola Solutions, Inc. 2,928 122,683
Netgear, Inc. (I) 500 12,945
Network Equipment Technologies, Inc. (I) 700 1,358

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Communications Equipment (continued)    
Nokia OYJ 10,808 $ 61,221
Nokia OYJ, ADR (L) 8,000 45,280
Oplink Communications, Inc. (I) 300 4,542
Plantronics, Inc. 900 25,605
Polycom, Inc. (I) 2,600 47,762
QUALCOMM, Inc. 12,000 583,560
Research In Motion, Ltd. (I) 1,600 32,614
Riverbed Technology, Inc. (I) 1,800 35,928
Sandvine Corp. (I) 7,000 10,087
Sonus Networks, Inc. (I) 1,700 3,689
Spirent Communications PLC 3,276 6,214
Sycamore Networks, Inc. 470 8,484
Symmetricom, Inc. (I) 900 3,906
TCL Communication    
Technology Holdings, Ltd. 10,000 4,125
Tekelec, Inc. (I) 1,000 6,040
Telefonaktiebolaget LM Ericsson, A Shares 336 3,150
Telefonaktiebolaget LM Ericsson, ADR 2,500 23,875
Telefonaktiebolaget LM Ericsson, B Shares 14,165 135,724
Tellabs, Inc. 7,800 33,462
Telular Corp. 700 4,130
Thrane & Thrane A/S 102 3,783
TKH Group NV 170 3,425
Unizyx Holding Corp. 6,000 3,485
Viasat, Inc. (I) 800 26,648
VTech Holdings, Ltd. 2,000 18,361
Wi-LAN, Inc. 1,000 5,850
Wistron NeWeb Corp. 2,099 5,114
Zinwell Corp. 4,000 3,815
ZTE Corp., Class H 3,520 9,800
 
    2,724,939
 
Computers & Peripherals    
Acer, Inc. 14,287 17,327
ADPT Corp. 1,500 4,020
AmTRAN Technology Company, Ltd. 9,687 5,203
Apple, Inc. (I) 6,900 2,630,142
Asia Vital Components Company Ltd. 10,999 6,759
Asustek Computer, Inc. 3,011 22,487
Avid Technology, Inc. (I) 800 6,192
Catcher Technology Company, Ltd. 3,720 21,338
Chicony Electronics Company, Ltd. 5,700 9,187
Chimei Innolux Corp. (I) 32,365 12,910
Clevo Company 5,000 8,347
CMC Magnetics Corp. (I) 50,000 9,166
Compal Electronics, Inc. 16,575 15,082
Cray, Inc. (I) 400 2,124
Dell, Inc. (I) 12,900 182,535
Diebold, Inc. (L) 1,000 27,510
Eizo Nanao Corp. 100 2,193
Electronics for Imaging, Inc. (I) 1,100 14,817
EMC Corp. (I) 18,095 379,814
Foxconn Technology Company, Ltd. 7,094 22,554
Fujitsu, Ltd. 9,000 42,398
Gemalto NV 759 36,184
Getac Technology Corp. 14,000 7,917
Gigastorage Corp. 6,895 4,658
Hewlett-Packard Company 20,300 455,735
Hutchinson Technology, Inc. (I) 200 392
Imagination Technologies Group PLC (I) 805 5,206
Imation Corp. (I) 600 4,386
Immersion Corp. (I) 300 1,794
Intermec, Inc. (I) 1,300 8,476
Intevac, Inc. (I) 200 1,398
Inventec Company, Ltd. 20,616 7,269
Lenovo Group, Ltd. 34,000 22,734

 

123

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Computers & Peripherals (continued)    
Lexmark International, Inc., Class A 1,065 $ 28,787
Lite-On Technology Corp. 22,376 20,287
Logitech International SA (I)(L) 1,458 11,203
Megachips Corp. 600 8,457
Micro-Star International Company, Ltd. 7,642 3,447
Mitac International Corp. 14,559 5,242
Moser Baer India, Ltd. (I) 3,670 1,579
NCR Corp. (I) 2,200 37,158
NEC Corp. (I) 20,000 40,628
NetApp, Inc. (I) 2,500 84,850
Novatel Wireless, Inc. (I) 600 1,812
Pegatron Corp. 6,642 6,119
Psion PLC 5,211 4,306
QLogic Corp. (I) 1,700 21,556
Quanta Computer, Inc. 13,080 25,087
Quantum Corp. (I) 2,200 3,982
Rimage Corp. 200 2,530
Ritek Corp. (I) 45,359 7,897
SanDisk Corp. (I) 3,500 141,225
Seagate Technology PLC 6,600 67,848
Seiko Epson Corp. 1,200 15,207
Silicon Graphics International Corp. (I) 600 7,152
STEC, Inc. (I)(L) 700 7,098
Stratasys, Inc. (I) 119 2,206
Super Micro Computer, Inc. (I) 700 8,771
Synaptics, Inc. (I) 500 11,950
Toshiba Corp. 16,000 65,244
Wacom Company, Ltd. 3 3,488
Western Digital Corp. (I) 3,400 87,448
Wincor Nixdorf AG 298 13,398
Wistron Corp. 13,677 15,316
 
    4,759,532
 
Electrical Equipment    
Q-Cells AG (I) 211 163
Roth & Rau AG (I) 271 8,004
SMA Solar Technology AG 59 3,072
Solarworld AG 724 2,987
Solon SE (I) 266 480
 
    14,706
 
Electronic Equipment, Instruments & Components  
Agilysys, Inc. (I) 300 2,139
Alps Electric Company, Ltd. 2,700 20,680
Amphenol Corp., Class A 1,992 81,214
Anixter International, Inc. 500 23,720
Anritsu Corp. 1,000 11,062
Arrow Electronics, Inc. (I) 1,700 47,226
AU Optronics Corp., ADR 5,523 21,871
Avnet, Inc. (I) 2,100 54,768
AVX Corp. 2,300 27,301
Barco NV 336 15,256
Benchmark Electronics, Inc. (I) 700 9,107
Brightpoint, Inc. (I) 1,000 9,210
Canon Electronics, Inc. 200 5,624
Career Technology MFG. Company, Ltd. 3,000 4,791
Celestica, Inc. (I) 2,600 18,882
Checkpoint Systems, Inc. (I) 600 8,148
Cheng UEI Precision Industry Company, Ltd. 5,202 11,304
Chin-Poon Industrial Company, Ltd. 9,000 5,200
China Aerospace International Holdings, Ltd. 76,000 5,502
Chroma ATE, Inc. 2,080 4,224
Chunghwa Picture Tubes, Ltd. (I) 29,162 2,175
Citizen Watch Company, Ltd. 3,500 17,443
Cognex Corp. 700 18,977
Coherent, Inc. (I) 400 17,184

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Electronic Equipment, Instruments &    
Components (continued)    
Compeq Manufactuing Company, Ltd. (I) 5,000 $ 1,991
Comverge, Inc. (I) 500 920
Corning, Inc. 14,200 175,512
CTS Corp. 400 3,252
Daeduck Electronics Company, Ltd. 1,390 7,872
Daktronics, Inc. 800 6,864
Datalogic Spa 499 4,004
DataTec, Ltd. 2,172 10,196
Delta Electronics Thailand PCL 15,000 9,410
Delta Electronics, Inc. 8,241 19,288
Digital China Holdings, Ltd. 6,000 7,688
Diploma PLC 2,172 10,767
Dolby Laboratories, Inc., Class A (I) 500 13,720
Domino Printing Sciences PLC 631 4,530
DTS, Inc. (I) 300 7,449
Echelon Corp. (I) 700 4,907
Electro Rent Corp. 500 6,905
Electro Scientific Industries, Inc. (I) 400 4,756
Electrocomponents PLC 2,084 6,145
Elite Material Company, Ltd. 5,123 3,860
Everlight Electronics Company, Ltd. 3,000 5,100
Evertz Technologies, Ltd. 100 1,207
FARO Technologies, Inc. (I) 400 12,620
FEI Company (I) 500 14,980
FLIR Systems, Inc. 1,479 37,049
Foxconn International Holdings, Ltd. (I) 21,000 10,636
FUJIFILM Holdings Corp. 2,900 67,310
Halma PLC 2,484 12,169
Hamamatsu Photonics KK 500 20,114
Hirose Electric Company, Ltd. 200 18,586
Hitachi High-Technologies Corp. 800 16,009
Hitachi, Ltd. 1,900 93,898
Holystone Enterprise Company, Ltd. 7,643 6,687
Hon Hai Precision Industry Company, Ltd. 45,199 100,899
Horiba, Ltd. 400 12,093
Hosiden Corp. 1,100 7,799
Hoya Corp. 1,700 39,178
Ibiden Company, Ltd. 900 18,902
Inficon Holding AG (I) 15 2,188
Ingenico SA 483 18,143
Ingram Micro, Inc., Class A (I) 2,500 40,325
Insight Enterprises, Inc. (I) 1,000 15,140
Inspur International, Ltd. 45,000 1,126
IPG Photonics Corp. (I) 600 26,064
Itron, Inc. (I) 600 17,700
Jabil Circuit, Inc. 3,000 53,370
Japan Aviation Electronics Industry, Ltd. 1,000 6,692
Jenoptik AG (I) 706 4,378
Ju Teng International Holdings, Ltd. 10,000 1,812
Keyence Corp. 200 54,761
Kingboard Chemical Holdings, Ltd. 4,500 12,107
Kingboard Laminates Holdings, Ltd. 16,000 6,587
Koa Corp. 800 8,621
Kudelski SA 786 6,967
Kyocera Corp. 800 66,632
Laird Group PLC 1,534 3,289
Largan Precision Company, Ltd. 1,020 23,551
LEM Holding SA 16 6,865
LG Display Company, Ltd. 310 5,076
LG Display Company, Ltd., ADR 2,900 23,635
LG Innotek Company, Ltd. 123 6,542
Littelfuse, Inc. 500 20,105
Mabuchi Motor Company, Ltd. 200 9,243
Maxwell Technologies, Inc. (I) 209 3,848
Measurement Specialties, Inc. (I) 300 7,788

 

124

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Electronic Equipment, Instruments &    
Components (continued)    
Mercury Computer Systems, Inc. (I) 500 $ 5,750
Methode Electronics, Inc. 400 2,972
Micronic Laser Systems AB (I) 2,274 3,153
Microvision, Inc. (I)(L) 1,600 1,088
Miranda Technologies, Inc. (I) 300 1,910
Mitsumi Electric Company, Ltd. (I) 800 5,334
Molex, Inc., Class A 1,000 16,880
MTS Systems Corp. 200 6,128
Multi-Fineline Electronix, Inc. (I) 300 5,982
Murata Manufacturing Company, Ltd. 1,000 53,954
National Instruments Corp. 1,650 37,719
Newport Corp. (I) 400 4,324
Nidec Corp. 400 32,178
Nihon Dempa Kogyo Company, Ltd. 200 2,227
Nippon Ceramic Company, Ltd. 100 1,965
Nippon Chemi-Con Corp. 1,000 3,580
Nippon Electric Glass Company, Ltd. 2,000 18,120
OKI Electric Industry Company, Ltd. (I) 3,000 2,713
Omron Corp. 1,500 29,379
OSI Systems, Inc. (I) 400 13,408
Pan-International Industrial 5,000 4,714
PAR Technology Corp. (I) 300 1,005
Park Electrochemical Corp. 400 8,548
Phoenix Mecano AG 4 1,981
Plexus Corp. (I) 500 11,310
Power-One, Inc. (I) 1,200 5,400
Premier Farnell PLC 4,968 11,911
Pulse Electronics Corp. 800 2,288
RadiSys Corp. (I) 200 1,224
Richardson Electronics, Ltd. 300 4,083
Rofin-Sinar Technologies, Inc. (I) 600 11,520
Rogers Corp. (I) 300 11,739
Ryosan Company, Ltd. 600 13,237
Samsung Electro-Mechanics Company, Ltd. 401 24,582
Samsung SDI Company, Ltd. 287 27,569
Sanmina-SCI Corp. (I) 1,300 8,684
Scansource, Inc. (I) 600 17,736
Shimadzu Corp. 3,000 25,269
Sintek Photronic Corp. (I) 15,000 4,761
SMK Corp. 1,000 3,711
Spectris PLC 1,738 31,480
Star Micronics Company, Ltd. 1,000 9,816
SYNNEX Corp. (I) 700 18,340
Synnex Technology International Corp. 6,045 13,066
Taiyo Yuden Company, Ltd. 2,000 14,555
TDK Corp. 1,500 52,125
Tech Data Corp. (I) 800 34,584
Topcon Corp. 1,700 8,391
Trimble Navigation, Ltd. (I) 1,600 53,680
Tripod Technology Corp. 2,220 5,760
TTM Technologies, Inc. (I) 1,300 12,363
Unimicron Technology Corp. 6,000 8,410
Universal Display Corp. (I)(L) 244 11,697
Vaisala OYJ 274 6,285
Venture Corp., Ltd. 2,000 10,141
Vishay Intertechnology, Inc. (I) 3,500 29,260
Vishay Precision Group, Inc. (I) 250 3,295
Wintek Corp. 9,000 6,931
WPG Holdings Company, Ltd. 6,429 7,372
WT Microelectronics Company, Ltd. 8,927 10,558
X-Rite, Inc. (I)(L) 1,300 4,849
Yageo Corp. 39,000 10,859
Yamatake Corp. 600 12,829
Yaskawa Electric Corp. 2,000 15,086
Yokogawa Electric Corp. (I) 1,800 16,964

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Electronic Equipment, Instruments &    
Components (continued)    
Young Fast Optoelectronics Company, Ltd. 1,099 $ 2,960
 
    2,562,527
 
Internet Software & Services    
Akamai Technologies, Inc. (I) 2,219 44,114
Alibaba.com, Ltd. 7,500 6,931
Ancestry.com, Inc. (I)(L) 600 14,100
AOL, Inc. (I) 1,566 18,792
comScore, Inc. (I) 500 8,435
Customers, Ltd. 3,092 2,394
Daou Technology, Inc. 1,190 9,305
DealerTrack Holdings, Inc. (I) 400 6,268
Dena Company, Ltd. 400 16,734
Dice Holdings, Inc. (I) 1,000 7,820
Digital River, Inc. (I) 600 12,438
E-Access, Ltd. 18 4,549
Earthlink, Inc. 2,300 15,019
eBay, Inc. (I) 10,900 321,441
Equinix, Inc. (I) 754 66,978
Google, Inc., Class A (I) 1,800 925,884
IAC/InterActiveCorp (I) 1,600 63,280
InfoSpace, Inc. (I) 300 2,508
Internap Network Services Corp. (I) 800 3,936
Internet Initiative Japan, Inc. 3 13,990
J2 Global Communications, Inc. 600 16,140
Kakaku.com, Inc. 400 16,484
Limelight Networks, Inc. (I)(L) 2,200 5,192
Liquidity Services, Inc. (I) 500 16,035
LogMeIn, Inc. (I) 200 6,642
LoopNet, Inc. (I) 700 11,991
Marchex, Inc., Class B 200 1,700
ModusLink Global Solutions, Inc. 200 698
Monster Worldwide, Inc. (I) 1,600 11,488
Move, Inc. (I) 2,500 3,625
Net Entertainment Ne AB (I) 203 1,661
NHN Corp. (I) 235 44,304
NIC, Inc. 800 9,160
Open Text Corp. (I) 600 31,366
Openwave Systems, Inc. (I) 1,800 2,808
Opera Software ASA 1,998 8,816
Perficient, Inc. (I) 500 3,660
QuinStreet, Inc. (I) 500 5,175
Rackspace Hosting, Inc. (I)(L) 2,100 71,694
RealNetworks, Inc. 700 5,901
RightNow Technologies, Inc. (I) 600 19,830
Saba Software, Inc. (I) 800 4,608
Stamps.com, Inc. 400 8,176
Support.com, Inc. (I) 600 1,188
TechTarget, Inc. (I) 289 1,650
Telecity Group PLC (I) 1,389 11,987
Tencent Holdings, Ltd. 3,800 77,758
Tiscali SpA (I) 46,781 2,920
Travelzoo, Inc. (I)(L) 308 6,773
United Internet AG 711 11,998
United Online, Inc. 1,300 6,799
ValueClick, Inc. (I) 900 14,004
VeriSign, Inc. 1,600 45,776
VistaPrint NV (I) 629 17,002
Vocus, Inc. (I) 100 1,676
Web.com Group, Inc. (I) 700 4,886
WebMD Health Corp. (I) 800 24,120
XO Group, Inc. (I) 300 2,451
Yahoo! Japan Corp. 74 22,990
Yahoo!, Inc. (I) 11,400 150,024

 

125

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Internet Software & Services (continued)    
Zix Corp. (I) 1,800 $ 4,806
    2,280,878
 
IT Services    
Accenture PLC, Class A 4,300 226,524
Acxiom Corp. (I) 1,700 18,088
Alliance Data Systems Corp. (I)(L) 700 64,890
Alten SA 466 12,560
Altran Technologies SA (I) 1,410 6,248
Amadeus IT Holding SA, A Shares 531 8,524
Amdocs, Ltd. (I) 2,900 78,648
Atos Origin SA 393 16,996
Automatic Data Processing, Inc. 3,465 163,375
Bechtle AG 182 6,059
Broadridge Financial Solutions, Inc. 2,000 40,280
CACI International, Inc., Class A (I) 500 24,970
Cap Gemini SA 1,159 38,624
Cardtronics, Inc. (I) 700 16,044
Cass Information Systems, Inc. 100 3,105
CGI Group, Inc. (I) 2,300 43,261
Ciber, Inc. (I) 1,400 4,242
Cielo SA 800 17,827
Cognizant Technology    
Solutions Corp., Class A (I) 2,100 131,670
Computacenter PLC 4,615 26,479
Computer Sciences Corp. 2,100 56,385
Computershare, Ltd. 3,023 21,526
Convergys Corp. (I) 2,400 22,512
CoreLogic, Inc. (I) 1,400 14,938
CSE Global, Ltd. 12,000 7,501
CSG Systems International, Inc. (I) 400 5,056
CSK Corp. (I) 500 1,913
DST Systems, Inc. 600 26,298
Ementor ASA 1,060 8,417
Euronet Worldwide, Inc. (I) 830 13,064
ExlService Holdings, Inc. (I) 500 11,000
Fidelity National Information Services, Inc. 4,300 104,576
Fiserv, Inc. (I) 2,300 116,771
Forrester Research, Inc. 300 9,753
Gartner, Inc. (I) 1,400 48,818
Genpact, Ltd. (I) 3,100 44,609
GFI Informatique SA (I) 1,624 6,275
Global Cash Access Holdings, Inc. (I) 1,000 2,560
Global Payments, Inc. 1,100 44,429
Groupe Steria SA 723 12,130
GTL, Ltd. (I) 434 506
HCL Infosystems, Ltd. 2,958 3,699
HCL Technologies, Ltd. 1,025 8,345
Heartland Payment Systems, Inc. 500 9,860
Hexaware Technologies, Ltd. 7,460 12,652
Hi Sun Technology China, Ltd. (I) 15,000 3,153
HIQ International AB (I) 1,776 6,574
iGate Corp. (I) 650 7,501
Indra Sistemas SA 937 13,489
Infosys, Ltd. 338 17,115
Infosys, Ltd., ADR (L) 1,300 66,391
International Business Machines Corp. 9,100 1,592,773
Iress Market Technology, Ltd. 2,010 13,477
IT Holdings Corp. 300 2,896
Itochu Techno-Science Corp. 400 17,999
Jack Henry & Associates, Inc. 1,200 34,776
Lender Processing Services, Inc. 800 10,952
Lionbridge Technologies, Inc. (I) 600 1,476
Logica PLC 14,174 17,243
ManTech International Corp., Class A 300 9,414
Mastech Holdings, Inc. (I) 13 37

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
IT Services (continued)    
MasterCard, Inc., Class A 800 $ 253,728
MAXIMUS, Inc. 400 13,960
MoneyGram International, Inc. (I) 1,400 3,262
Mphasis, Ltd. 1,558 10,644
Net One Systems Company, Ltd. 3 7,883
NeuStar, Inc., Class A (I) 975 24,512
Nihon Unisys, Ltd. 1,200 6,722
Nomura Research Institute, Ltd. 600 13,638
NS Solutions Corp. 300 6,832
NTT Data Corp. 7 21,597
OBIC Company, Ltd. 70 13,515
Online Resources Corp. (I) 800 2,040
Ordina NV (I) 210 401
Otsuka Corp. 100 6,885
Panasonic Electric Works Information    
Systems Company, Ltd. 300 8,397
Patni Computer Systems, Ltd., ADR (I) 300 3,498
Paychex, Inc. 2,465 65,002
Redecard SA 2,000 27,230
Rolta India, Ltd. 3,026 5,019
SAIC, Inc. (I) 4,975 58,755
Sapient Corp. 1,600 16,224
Satyam Computer Services, Ltd. (I) 3,019 4,256
SMS Management & Technology, Ltd. 1,494 7,753
Sonda SA 5,869 12,649
Syntel, Inc. 700 30,233
Tata Consultancy Services, Ltd. 2,054 42,389
Tech Mahindra, Ltd. 391 4,537
TeleTech Holdings, Inc. (I) 900 13,716
Teradata Corp. (I) 1,400 74,942
The Hackett Group, Inc. (I) 1,000 3,730
The Western Union Company 4,700 71,863
Tieto OYJ 537 6,773
TKC Corp. 400 8,354
TNS, Inc. (I) 400 7,520
Total Systems Services, Inc. 2,600 44,018
Travelsky Technology, Ltd. 12,000 5,251
Unisys Corp. (I) 500 7,845
VeriFone Systems, Inc. (I) 1,392 48,748
Virtusa Corp. (I) 600 7,920
Visa, Inc., Class A 4,100 351,452
Wipro, Ltd. 661 4,520
Wipro, Ltd., ADR (L) 1,666 15,411
Wire Card AG 551 8,456
Wright Express Corp. (I) 500 19,020
Xchanging PLC (I) 4,028 4,803
Zuken, Inc. 900 6,477
 
    4,759,653
 
Office Electronics    
Ability Enterprise Company, Ltd. 2,000 1,766
Brother Industries, Ltd. 1,800 21,098
Canon, Inc. 800 36,218
CANON, Inc. 3,600 162,936
Konica Minolta Holdings, Inc. 4,000 27,403
Neopost SA 298 21,899
Ricoh Company, Ltd. 4,000 33,464
Riso Kagaku Corp. 200 3,592
Toshiba TEC Corp. 1,000 3,741
Xerox Corp. 20,396 142,160
Zebra Technologies Corp., Class A (I) 900 27,846
 
    482,123
 
Semiconductors & Semiconductor Equipment    
Advanced Analogic Technologies, Inc. (I) 1,200 5,196
Advanced Energy Industries, Inc. (I) 400 3,448

 

126

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Semiconductors & Semiconductor Equipment (continued)  
Advanced Micro Devices, Inc. (I)(L) 8,500 $ 43,180
Advanced Semiconductor Engineering, Inc. 34,335 29,277
Advantest Corp. 700 7,548
Aixtron Bank AG (L) 2,020 29,391
Ali Corp. 8,000 8,846
Altera Corp. 2,500 78,825
Amkor Technology, Inc. (I) 2,800 12,208
Anadigics, Inc. (I) 1,200 2,592
Analog Devices, Inc. 2,720 85,000
Applied Materials, Inc. 12,400 128,340
Applied Micro Circuits Corp. (I) 900 4,833
ARM Holdings PLC 4,100 104,550
ASM International NV 1,150 28,589
ASM Pacific Technology, Ltd. 1,800 17,586
ASML Holding NV 2,340 81,311
Atmel Corp. (I) 6,000 48,420
ATMI, Inc. (I) 400 6,328
AXT, Inc. (I) 800 4,032
BE Semiconductor Industries NV 812 4,996
Broadcom Corp., Class A (I) 3,100 103,199
Brooks Automation, Inc. 1,100 8,965
Cabot Microelectronics Corp. (I) 500 17,195
Cavium Inc. (I) 500 13,505
Ceva, Inc. (I) 500 12,155
Cirrus Logic, Inc. (I) 700 10,318
Cohu, Inc. 300 2,964
Cree, Inc. (I) 1,100 28,578
CSR PLC 763 2,479
CSR PLC, ADR (I) 103 1,374
Cymer, Inc. (I) 400 14,872
Cypress Semiconductor Corp. (I) 2,600 38,922
Dainippon Screen    
Manufacturing Company, Ltd. 2,000 12,230
Dialog Semiconductor PLC (I) 447 7,586
Diodes, Inc. (I) 700 12,544
Disco Corp. 100 4,739
DSP Group, Inc. (I) 300 1,770
Elan Microelectronics Corp. 5,050 5,227
Elpida Memory, Inc. (I) 1,800 11,268
Energy Conversion Devices, Inc. (I)(L) 500 265
Entegris, Inc. (I) 1,700 10,846
Epistar Corp. 6,000 10,452
Exar Corp. (I) 600 3,426
Fairchild Semiconductor International, Inc. (I) 2,200 23,760
First Solar, Inc. (I)(L) 500 31,605
Forhouse Corp. 7,000 3,777
FormFactor, Inc. (I) 945 5,887
GSI Technology, Inc. (I) 800 3,936
GT Advanced Technologies Inc. (I)(L) 1,900 13,338
Hansol LCD, Inc. 175 2,717
Hittite Microwave Corp. (I) 500 24,350
Hynix Semiconductor, Inc. 2,620 46,091
Infineon Technologies AG 11,647 85,774
Infineon Technologies AG, ADR 1,444 10,671
Inotera Memories, Inc. (I) 13,000 2,749
Integrated Device Technology, Inc. (I) 2,400 12,360
Integrated Silicon Solution, Inc. (I) 500 3,905
Intel Corp. 50,800 1,083,564
International Rectifier Corp. (I) 900 16,758
Intersil Corp., Class A 1,600 16,464
IXYS Corp. (I) 300 3,264
Kinsus Interconnect Technology Corp. 4,000 12,903
KLA-Tencor Corp. 2,500 95,700
Kontron AG 927 6,665
Kopin Corp. (I) 500 1,715
Kulicke & Soffa Industries, Inc. (I) 1,200 8,952

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Semiconductors & Semiconductor Equipment (continued)  
Lam Research Corp. (I) 1,327 $ 50,399
Lattice Semiconductor Corp. (I) 2,576 13,524
Linear Technology Corp. 1,959 54,166
LSI Corp. (I) 8,483 43,942
LTX-Credence Corp. (I) 433 2,291
Macronix International Company, Ltd. 27,269 9,234
Marvell Technology Group, Ltd. (I) 4,500 65,385
Maxim Integrated Products, Inc. 4,100 95,653
MediaTek, Inc. 4,026 43,866
Mellanox Technologies, Ltd. (I) 228 6,783
MEMC Electronic Materials, Inc. (I) 2,874 15,060
Micrel, Inc. 1,100 10,417
Microchip Technology, Inc. (L) 2,000 62,220
Micron Technology, Inc. (I) 14,800 74,592
Micronas Semiconductor Holding AG (I) 1,672 11,180
Microsemi Corp. (I) 1,400 22,372
Mindspeed Technologies, Inc. (I) 400 2,080
MIPS Technologies, Inc. (I) 500 2,420
MKS Instruments, Inc. 800 17,368
Monolithic Power Systems, Inc. (I) 300 3,054
MoSys, Inc. (I)(L) 900 3,294
Nanometrics, Inc. (I) 400 5,800
Nanya Technology Corp. (I) 27,181 3,372
NEC Electronics Corp. (I) 2,400 15,928
Netlogic Microsystems, Inc. (I) 1,050 50,516
Nordic Semiconductor ASA 5,364 9,135
Novatek Microelectronics Corp., Ltd. 4,000 9,181
Novellus Systems, Inc. (I) 1,400 38,164
NVIDIA Corp. (I) 5,400 67,500
Omnivision Technologies, Inc. (I) 1,100 15,444
ON Semiconductor Corp. (I) 4,400 31,548
Opto Technology Corp. 9,000 3,173
Pericom Semiconductor Corp. (I) 400 2,964
Photronics, Inc. (I)(L) 1,000 4,980
PMC-Sierra, Inc. (I) 3,400 20,332
Power Integrations, Inc. 400 12,244
Powertech Technology, Inc. 6,300 13,408
Radiant Opto-Electronics Corp. 6,365 17,055
Realtek Semiconductor Corp. 4,120 6,876
RF Micro Devices, Inc. (I) 3,400 21,556
Richtek Technology Corp. 1,050 4,867
Rohm Company, Ltd. 900 46,777
Rubicon Technology, Inc. (I) 400 4,372
Rudolph Technologies, Inc. (I) 600 4,014
Samsung Electronics Company, Ltd. 513 359,363
Sanken Electric Company, Ltd. 1,000 3,799
Semiconductor    
Manufacturing International Corp. (I) 265,000 12,744
Semtech Corp. (I) 800 16,880
Shinko Electric Industries Company, Ltd. 800 5,683
Sigma Designs, Inc. (I)(L) 900 7,056
Sigurd Microelectronics Corp. 12,000 8,144
Silicon Image, Inc. (I) 400 2,348
Silicon Laboratories, Inc. (I) 700 23,457
Siliconware Precision Industries Company 5,000 4,912
Siliconware Precision Industries Company (L) 2,812 13,441
Skyworks Solutions, Inc. (I) 3,000 53,820
SOITEC (I)(L) 1,651 8,838
Sonix Technology Company, Ltd. 5,000 6,779
Spansion, Inc., Class A (I) 900 10,998
Standard Microsystems Corp. (I) 300 5,820
STMicroelectronics NV 5,121 33,461
Sumco Corp. (I) 900 8,410
SunPower Corp., Class A (I) 55 445
SunPower Corp., Class B (I) 247 1,815
Supertex, Inc. (I) 100 1,730

 

127

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Semiconductors & Semiconductor Equipment (continued)  
Taiwan Semiconductor    
Manufacturing Company, Ltd. 85,530 $ 193,790
Teradyne, Inc. (I)(L) 2,400 26,424
Tessera Technologies, Inc. (I) 1,000 11,940
Texas Instruments, Inc. 8,700 231,855
Tokyo Electron, Ltd. 700 31,709
Tokyo Seimitsu Company, Ltd. 200 3,461
Tower Semiconductor, Ltd. (I) 2,276 1,464
TriQuint Semiconductor, Inc. (I) 4,300 21,586
Tyntek Corp. 8,000 2,633
Ultra Clean Holdings, Inc. (I) 400 1,716
Ultratech, Inc. (I) 200 3,430
ULVAC, Inc. (I) 300 3,993
Unisem M BHD 18,850 5,946
United Microelectronics Corp. 97,620 35,905
Varian Semiconductor    
Equipment Associates, Inc. (I) 1,200 73,380
Veeco Instruments, Inc. (I) 600 14,640
Volterra Semiconductor Corp. (I) 300 5,769
Winbond Electronics Corp. (I) 64,000 12,601
Wolfson Microelectronics PLC (I) 1,312 2,746
Xilinx, Inc. (L) 2,900 79,576
 
    4,959,293
 
Software    
Absolute Software Corp. (I) 200 752
Accelrys, Inc. (I) 312 1,891
ACI Worldwide, Inc. (I) 400 11,016
Activision Blizzard, Inc. 7,300 86,870
Actuate Corp. (I) 1,000 5,520
Adobe Systems, Inc. (I) 4,784 115,629
Advent Software, Inc. (I) 800 16,680
ANSYS, Inc. (I) 1,400 68,656
Ariba, Inc. (I) 1,400 38,794
Aspen Technology, Inc. (I) 1,448 22,111
Asseco Poland SA 707 8,566
Autodesk, Inc. (I) 2,000 55,560
Aveva Group PLC 375 8,173
Blackbaud, Inc. 700 15,589
BMC Software, Inc. (I) 1,500 57,840
Bottomline Technologies, Inc. (I) 300 6,042
CA, Inc. 3,700 71,817
Cadence Design Systems, Inc. (I) 3,800 35,112
Capcom Company, Ltd. 300 7,494
Citrix Systems, Inc. (I) 1,900 103,607
CommVault Systems, Inc. (I) 507 18,789
Compuware Corp. (I) 3,636 27,852
Concur Technologies, Inc. (I) 700 26,054
Cyberlink Corp. (I) 2,015 3,642
Dassault Systemes SA 135 9,532
Dassault Systemes SA, ADR 178 12,620
Deltek, Inc. (I) 800 4,808
Dicom Group PLC (I) 695 3,096
Digimarc Corp. (I) 200 5,076
DTS Corp. 900 11,176
DuzonBlzon Company, Ltd. (I) 520 2,737
Ebix, Inc. (L) 600 8,820
Electronic Arts, Inc. (I) 4,600 94,070
EPIQ Systems, Inc. 400 5,012
ePlus, Inc. (I) 300 7,401
Exact Holdings NV 78 1,827
FactSet Research Systems, Inc. 300 26,691
Fair Isaac Corp. 700 15,281
FalconStor Software, Inc. (I) 800 2,336
Fidessa Group PLC 652 15,902
Financial Technologies India, Ltd. 236 3,835

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Software (continued)    
Fortinet, Inc. (I) 2,000 $ 33,600
Fuji Software ABC, Inc. 400 6,547
GameLoft SA (I) 440 2,139
Geodesic, Ltd. 2,978 3,026
Hong Kong Energy Holdings, Ltd. (I) 327 14
Industrial & Financial Systems AB 1,400 18,307
Informatica Corp. (I) 1,200 49,140
Interactive Intelligence Group (I) 200 5,430
Intuit, Inc. 2,000 94,880
JDA Software Group, Inc. (I) 502 11,767
Kenexa Corp. (I) 600 9,384
Kingdee International Software    
Group Company, Ltd. 12,000 4,457
Kingsoft Corp., Ltd. 12,000 4,563
Konami Corp. 600 20,145
MacDonald Dettwiler & Associates, Ltd. 400 18,109
Manhattan Associates, Inc. (I) 400 13,232
Mentor Graphics Corp. (I) 2,200 21,164
Micro Focus International PLC 489 2,445
MICROS Systems, Inc. (I) 1,300 57,083
Microsoft Corp. 58,608 1,458,753
MicroStrategy, Inc., Class A (I) 100 11,407
Misys PLC (I) 5,600 18,714
Monotype Imaging Holdings, Inc. (I) 600 7,278
NCSoft Corp. 135 38,167
Netscout Systems, Inc. (I) 600 6,852
NetSuite, Inc. (I) 597 16,125
NICE Systems, Ltd., ADR (I) 600 18,210
Nintendo Company, Ltd. 300 43,697
Nippon System Development Company, Ltd. 400 3,268
Nuance Communications, Inc. (I) 4,100 83,476
OBIC Business Consultants, Ltd. 250 14,386
Opnet Technologies, Inc. 445 15,535
Oracle Corp. 31,754 912,610
Oracle Financial Services Software, Ltd. (I) 194 7,519
Oracle Japan Corp. 300 10,552
Parametric Technology Corp. (I) 1,500 23,070
Progress Software Corp. (I) 750 13,163
PROS Holdings, Inc. (I) 700 9,023
QLIK Technologies, Inc. (I) 1,300 28,158
Quest Software, Inc. (I) 1,300 20,644
Red Hat, Inc. (I) 1,585 66,982
Redflex Holdings, Ltd. 5,097 8,590
Renaissance Learning, Inc. 300 5,034
Retalix, Ltd. (I) 527 7,105
RM PLC 1,719 2,082
Rosetta Stone, Inc. (I) 300 2,745
Rovi Corp. (I) 1,500 64,470
S1 Corp. (I) 700 6,419
Salesforce.com, Inc. (I) 1,100 125,708
SAP AG 851 43,380
SAP AG, ADR 2,700 136,674
Seachange International, Inc. (I) 300 2,310
SimCorp A/S 51 7,291
Smith Micro Software, Inc. (I) 700 1,064
Software AG 783 24,747
SolarWinds, Inc. (I) 1,000 22,020
Solera Holdings, Inc. 1,000 50,500
Sourcefire, Inc. (I) 200 5,352
Square Enix Company, Ltd. 400 7,188
SRS Labs, Inc. (I) 400 2,864
SS&C Technologies Holdings, Inc. (I) 1,400 20,006
SuccessFactors, Inc. (I) 1,000 22,990
Sumisho Computer Systems Corp. 100 1,594
Symantec Corp. (I) 7,200 117,360
Synchronoss Technologies, Inc. (I) 402 10,014

 

128

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Software (continued)    
Synopsys, Inc. (I) 2,100 $ 51,156
Take-Two Interactive Software, Inc. (I) 1,019 12,962
Taleo Corp. (I) 173 4,450
Tanla Solutions, Ltd. 2,423 388
TeleCommunication Systems, Inc. (I) 300 1,035
Temenos Group AG (I) 448 6,030
The Descartes Systems Group, Inc. (I) 600 3,722
The Sage Group PLC 10,352 41,045
THQ, Inc. (I) 1,200 2,076
TIBCO Software, Inc. (I) 3,100 69,409
Totvs SA 500 8,510
Trend Micro, Inc. 500 15,607
Tyler Technologies, Inc. (I) 500 12,640
UBISOFT Entertainment SA (I) 662 3,570
Unit 4 Agresso NV 323 7,891
Verint Systems, Inc. (I) 600 15,774
VirnetX Holding Corp. (I)(L) 500 7,495
VMware, Inc., Class A (I) 800 64,304
Websense, Inc. (I) 564 9,757
 
    5,282,625
 
Textiles, Apparel & Luxury Goods    
Daiwabo Holdings Company, Ltd. 5,000 11,146
 
Trading Companies & Distributors    
Phoenix Solar AG 271 2,960
 
    27,840,382
Materials - 5.21%    
 
Chemicals    
A. Schulman, Inc. 500 8,495
Adeka Corp. 1,400 14,959
Aeci, Ltd. 576 5,280
African Oxygen, Ltd. 1,477 3,087
Agrium, Inc. 1,000 66,562
Air Liquide SA 1,138 133,074
Air Products & Chemicals, Inc. 1,500 114,555
Air Water, Inc. 1,000 12,341
Airgas, Inc. 1,200 76,584
Akzo Nobel NV 1,817 80,326
Albemarle Corp. 1,000 40,400
American Vanguard Corp. 200 2,232
Arakawa Chemical Industries, Ltd. 600 5,608
Arch Chemicals, Inc. (L) 200 9,384
Arkema 492 28,572
Asahi Kasei Corp. 9,000 54,017
Asahi Organic Chemicals    
Industry Company, Ltd. 3,000 8,328
Ashland, Inc. 1,300 57,382
Asia Polymer Corp. 10,000 12,189
Asian Paints, Ltd. 192 12,354
Balchem Corp. 450 16,790
BASF SE 3,954 239,909
Batu Kawan BHD 600 2,757
Braskem SA, ADR 800 12,496
Cabot Corp. 900 22,302
Calgon Carbon Corp. (I) 900 13,113
Capro Corp. 480 9,920
Celanese Corp., Series A 1,500 48,795
CF Industries Holdings, Inc. 1,038 128,079
Cheil Industries, Inc. 410 28,402
Chemtura Corp. (I) 1,400 14,042
China BlueChemical, Ltd. 18,000 13,710
China Lumena New Materials Corpchina    
Lumena New Materials 26,000 3,909
China Manmade Fibers Corp. (I) 5,000 1,584

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Chemicals (continued)    
China Petrochemical Development Corp. 11,660 $ 12,400
Ciech SA (I) 754 3,035
Clariant AG (I) 3,320 29,840
Coromandel International, Ltd. 62 377
Croda International PLC 768 19,565
Cytec Industries, Inc. 800 28,112
Daicel Chemical Industries, Ltd. 2,000 11,367
Dainichiseika Color & Chemicals    
Manufacturing Company, Ltd. 1,000 5,113
Denki Kagaku Kogyo Kabushiki Kaisha 5,000 19,014
DIC Corp. 3,000 5,439
Dongbu HiTek Company, Ltd. (I) 950 5,417
Dongyue Group 17,000 8,273
Duluxgroup, Ltd. 2,418 5,822
E.I. du Pont de Nemours & Company 6,100 243,817
Earth Chemical Company, Ltd. 300 11,157
Eastman Chemical Company 900 61,677
Ecolab, Inc. (L) 1,644 80,375
EID Parry India, Ltd. 2,000 9,210
Elementis PLC 3,596 6,889
EMS-Chemie Holding AG 77 13,353
Eternal Chemical Company, Ltd. 9,922 7,540
Everlight Chemical Industrial Corp. 9,900 5,000
Ferro Corp. (I) 1,100 6,765
Fertilizantes Heringer SA (I) 1,600 7,829
Filtrona PLC 4,504 24,330
FMC Corp. 800 55,328
Formosa Chemicals & Fibre Corp. 13,390 34,505
Formosa Plastics Corp. 16,470 43,544
Frutarom Industries, Ltd. 570 4,836
Fufeng Group, Ltd. 10,000 3,866
Georgia Gulf Corp. (I) 300 4,149
Givaudan AG (I) 56 43,749
Grand Pacific Petrochemical Corp. 14,000 5,641
Gurit Heberlein AG (I) 16 6,989
H&R Wasag AG 165 3,249
H.B. Fuller Company 600 10,932
Hanwha Chemical Corp. 970 20,702
Hanwha Corp. 530 14,847
Hawkins, Inc. 200 6,368
Hitachi Chemical, Ltd. 400 6,572
Ho Tung Chemical Corp. (I) 8,960 4,508
Honam Petrochemical Corp. 125 30,180
Huchems Fine Chemical Corp. 244 4,705
Huntsman Corp. 3,500 33,845
Hyosung Corp. 255 11,739
Incitec Pivot, Ltd. 12,561 38,941
Innophos Holdings, Inc. 300 11,961
Innospec, Inc. (I) 500 12,105
International Flavors & Fragrances, Inc. 900 50,598
Intrepid Potash, Inc. (I) 1,000 24,870
Israel Chemicals, Ltd. 2,306 26,307
Jinchuan Group International    
Resources Company, Ltd. (I) 7,000 1,737
Johnson Matthey PLC 1,725 42,223
JSR Corp. 1,300 22,346
K&S AG 906 47,636
Kaneka Corp. 3,000 16,925
Kansai Paint Company, Ltd. 2,000 19,150
Kanto Denka Kogyo Company, Ltd. 1,000 4,868
Kemira OYJ 1,294 14,148
Kolon Corp. 64 1,200
Kolon Industries, Inc. 208 10,982
Koninklijke DSM NV 1,063 46,215
Koppers Holdings, Inc. 100 2,561
Korea Kumho Petrochemical Company, Ltd. 90 13,841

 

129

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Chemicals (continued)    
KP Chemical Corp. 820 $ 10,392
Kraton Performance Polymers, Inc. (I) 400 6,472
Kronos Worldwide, Inc. 3,200 51,456
Kuraray Company, Ltd. 2,500 34,082
Kureha Corp. 1,000 4,315
Landec Corp. (I) 300 1,596
Lanxess AG 408 19,612
LCY Chemical Corp. 7,321 10,703
LG Chem, Ltd. 208 55,105
Linde AG 1,016 135,507
Lintec Corp. 200 3,971
LSB Industries, Inc. (I) 200 5,734
Makhteshim-Agan Industries, Ltd. 1,399 7,651
Methanex Corp. 800 16,666
Migao Corp. (I) 1,300 3,697
Minerals Technologies, Inc. 400 19,708
Mitsubishi Chemical Holdings Corp. 6,000 40,596
Mitsubishi Gas & Chemicals Company, Inc. 3,000 18,444
Mitsui Chemicals, Inc. 6,000 19,993
Monsanto Company 4,300 258,172
Nalco Holding Company 1,300 45,474
Nan Ya Plastics Corp. 24,870 53,538
Neo Material Technologies, Inc. (I) 700 4,262
NewMarket Corp. (L) 300 45,561
Nihon Parkerizing Company, Ltd. 1,000 14,120
Nippon Paint Company, Ltd. 2,000 16,085
Nissan Chemical Industries, Ltd. 1,000 9,344
Nitto Denko Corp. 1,200 47,272
NL Industries, Inc. 400 5,012
NOF Corp. 1,000 5,232
Novozymes A/S, Class B 250 35,564
Nufarm, Ltd. (I) 1,560 6,340
Nuplex Industries, Ltd. 4,080 8,705
OCI Company, Ltd. 89 15,163
Okamoto Industries, Inc. 2,000 8,442
Olin Corp. 1,500 27,015
OM Group, Inc. (I) 600 15,582
Omnova Solutions, Inc. (I) 1,200 4,296
Orica, Ltd. 2,418 54,162
Oriental Union Chemical Corp. 9,000 10,930
Penford Corp. (I) 100 514
Petkim Petrokimya Holding AS (I) 7,013 9,020
Petroasian Energy Holdings, Ltd. (I) 44,000 759
Pidilite Industries, Ltd. 3,726 12,332
PolyOne Corp. 1,200 12,852
Potash Corp. of Saskatchewan, Inc. 3,000 130,261
PPG Industries, Inc. 1,300 91,858
Praxair, Inc. 2,600 243,048
PTT Chemical PCL 7,500 23,886
Quaker Chemical Corp. 100 2,592
Rockwood Holdings, Inc. (I) 1,200 40,428
RPM International, Inc. 1,700 31,790
Sakai Chemical Industry Company, Ltd. 1,000 4,478
Samsung Fine Chemicals Company, Ltd. 232 8,001
Sanyo Chemical Industries, Ltd. 1,000 7,738
Sensient Technologies Corp. 900 29,295
Shin-Etsu Chemical Company, Ltd. 1,600 78,449
Showa Denko KK 13,000 25,596
Sigma-Aldrich Corp. 1,100 67,969
Sika AG (I) 18 31,823
Sino Union Petroleum &    
Chemical International, Ltd. (I) 19,205 1,545
Sinofert Holdings, Ltd. 34,000 8,714
Sinopec Shanghai    
Petrochemical Company, Ltd. 300 10,452
SK Chemicals Company, Ltd. 103 5,563

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Chemicals (continued)    
SKC Company, Ltd. 280 $ 9,259
Sociedad Quimica y Minera de    
Chile SA, ADR 600 28,686
Solutia, Inc. (I) 1,700 21,845
Solvay SA 485 45,624
Spartech Corp. (I) 400 1,280
Stella Chemifa Corp. 200 5,526
Stepan Company 100 6,718
Sterling Biotech, Ltd. 2,768 3,767
Sumitomo Bakelite Company, Ltd. 3,000 15,962
Sumitomo Chemical Company, Ltd. 8,645 33,250
Symrise AG 1,131 26,279
Syngenta AG, ADR (I) 2,500 129,675
Synthos SA 12,649 14,158
Taekwang Industrial Company, Ltd. 5 4,935
Taiwan Fertilizer Company, Ltd. 7,000 16,950
Taiyo Ink Manufacturing Company, Ltd. 100 2,769
Taiyo Nippon Sanso Corp. 2,000 13,898
Takasago International Corp. 1,000 4,870
Tata Chemicals, Ltd. 1,092 7,021
Teijin, Ltd. 9,000 32,273
Tessenderlo Chemie NV (I) 239 6,038
The Dow Chemical Company 10,576 237,537
The Mosaic Company 2,300 112,631
The Scotts Miracle-Gro Company, Class A 900 40,140
The Sherwin-Williams Company 1,000 74,320
Tikkurila OYJ 323 5,486
Toda Kogyo Corp. 1,000 7,932
Tokai Carbon Company, Ltd. 2,000 9,921
Tokuyama Corp. 2,000 6,917
Toray Industries, Inc. 6,000 42,047
Tosoh Corp. 5,000 15,622
Ube Industries, Ltd. 9,000 29,841
Umicore SA 574 20,809
United Phosphorus, Ltd. 3,143 8,724
UPC Technology Corp. 17,339 7,580
Uralkali, ADR 599 20,396
Uralkali, GDR 300 10,350
USI Corp. 11,000 10,617
Valspar Corp. 1,500 46,815
Victrex PLC 1,412 23,855
W.R. Grace & Company (I) 1,100 36,630
Wacker Chemie AG (L) 99 8,793
Westlake Chemical Corp. 1,000 34,280
Yara International ASA 1,194 45,534
Yingde Gases Group Company 9,000 8,168
Yushiro Chemical Industry Company, Ltd. 500 6,363
Zep, Inc. 400 6,008
Zoltek Companies, Inc. (I)(L) 800 5,144
 
    6,040,298
 
Construction Materials    
ACC, Ltd. 460 10,251
Adana Cimento Sanayii Turk Anonim Sirketi    
AS, Class A 2,614 5,684
Adelaide Brighton, Ltd. 7,026 17,587
Ambuja Cements, Ltd. 4,724 14,208
Anhui Conch Cement Company, Ltd. 11,500 31,268
Asia Cement Corp. 16,619 17,105
Boral, Ltd. 10,199 33,930
Brickworks, Ltd. 1,981 18,005
Buzzi Unicem SpA (I) 1,110 8,947
Cementir SpA 447 956
Cementos Portland Valderrivas SA (I) 444 6,225
Cemex SAB de CV, ADR (I)(L) 10,601 33,499
Chia Hsin Cement Corp. 14,708 7,268

 

130

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Construction Materials (continued)    
China National Building    
Material Company, Ltd. 20,000 $ 16,899
China Shanshui Cement Group, Ltd. 20,000 13,192
Cimpor-Cimentos de Portugal SA 2,492 16,697
Corp Moctezuma SAB de CV 4,100 7,982
CRH PLC (L) 5,638 87,445
Eagle Materials, Inc. 700 11,655
Fletcher Building, Ltd. (Australian    
Stock Exchange) 473 2,724
Fletcher Building, Ltd. (New    
Zealand Exchange) 5,083 29,534
Goldsun Development &    
Construction Company, Ltd. 20,786 8,112
Grasim Industries, Ltd. 106 5,219
Hanil Cement Manufacturing Company, Ltd. 146 5,141
Headwaters, Inc. (I) 1,000 1,440
HeidelbergCement AG 1,188 42,936
Holcim Indonesia Tbk PT 42,000 8,415
Holcim, Ltd. (I) 1,956 103,408
Imerys SA 456 22,876
India Cements, Ltd. 2,973 4,355
Indocement Tunggal Prakarsa Tbk PT 10,500 16,512
Italcementi SpA 699 4,174
James Hardie Industries NV (I) 700 19,292
Lafarge Malayan Cement BHD 1,200 2,454
Lafarge SA 1,667 57,389
Martin Marietta Materials, Inc. (L) 800 50,576
Pretoria Portland Cement Company, Ltd. 4,312 12,329
RHI AG 89 1,761
Sa des Ciments Vicat 137 8,923
Semen Gresik Persero Tbk PT 18,500 17,307
Shree Cement, Ltd. 199 7,393
Siam Cement PCL 1,700 14,106
Siam City Cement PCL 1,400 9,818
Sumitomo Osaka Cement Company, Ltd. 7,000 23,499
Taiheiyo Cement Corp. 11,000 20,082
Taiwan Cement Corp. 18,740 19,860
TCC International Holdings, Ltd. 10,000 3,658
Texas Industries, Inc. (L) 600 19,044
Titan Cement Company SA 454 6,124
Ultratech Cement, Ltd. 431 9,987
United States Lime & Minerals, Inc. (I) 100 3,990
Universal Cement Corp. 15,000 6,982
Vulcan Materials Company (L) 1,900 52,364
YTL Cement BHD 800 1,085
 
    981,672
 
Containers & Packaging    
AEP Industries, Inc. (I) 200 4,440
Amcor, Ltd. 8,082 53,181
AMVIG Holdings, Ltd. 4,000 2,255
AptarGroup, Inc. 1,244 55,569
Ball Corp. 2,000 62,040
Bemis Company, Inc. 1,500 43,965
Boise, Inc. 1,250 6,463
Cascades, Inc. 500 1,861
CCL Industries, Inc. 500 13,327
Cheng Loong Corp. 5,200 1,956
Crown Holdings, Inc. (I) 1,300 39,793
D.S. Smith PLC 3,814 10,314
FP Corp. 200 14,230
Graphic Packaging Holding Company (I) 5,900 20,355
Greif, Inc., Class A 300 12,867
Huhtamaki OYJ 1,487 15,548
Intertape Polymer Group, Inc. (I) 2,100 4,048
Kartonsan Karton Sanayi ve Ticaret AS 65 6,720

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Containers & Packaging (continued)    
La Seda de Barcelona SA (I) 10,618 $ 948
Mayr-Melnhof Karton AG 150 13,500
Mondi Packaging South Africa, Ltd. (I) 1,967 3,204
Myers Industries, Inc. 300 3,045
Nampak, Ltd. 4,542 11,737
Nihon Yamamura Glass Company, Ltd. 4,000 10,824
Owens-Illinois, Inc. (I) 2,200 33,264
Packaging Corp. of America 1,400 32,620
Papeles y Cartones de Europa SA 2,191 8,375
Rengo Company, Ltd. 2,000 15,299
Rexam PLC 7,165 34,361
Rock-Tenn Company, Class A 600 29,208
RPC Group PLC 4,849 25,427
Sealed Air Corp. 2,200 36,740
Silgan Holdings, Inc. 1,200 44,088
Sonoco Products Company 1,300 36,699
Taiwan Hon Chuan Enterprise Company Ltd. 3,000 6,264
Temple-Inland, Inc. 2,100 65,877
Toyo Seikan Kaisha, Ltd. 1,100 16,659
Vidrala SA 519 12,985
 
    810,056
 
Industrial Conglomerates    
Ruukki Group OYJ (I) 3,552 4,652
 
Internet Software & Services    
G-Resources Group, Ltd. (I) 84,000 4,113
 
Metals & Mining    
A. M. Castle & Company (I) 200 2,188
Acerinox SA 1,123 12,628
African Rainbow Minerals, Ltd. 987 21,058
Agnico-Eagle Mines, Ltd. 1,100 65,765
Aichi Steel Corp. 1,000 5,924
AK Steel Holding Corp. (L) 1,500 9,810
Alamos Gold, Inc. 1,600 24,048
Alcoa, Inc. 12,000 114,840
Allegheny Technologies, Inc. 1,745 64,548
Allied Nevada Gold Corp. (I) 1,525 54,610
Alumina, Ltd. 18,167 25,401
Aluminum Corp. of China, Ltd. (L) 1,300 13,572
AMCOL International Corp. (L) 500 11,995
Aneka Tambang Tbk PT 33,000 5,517
Angang Steel Company, Ltd., Class H 10,000 5,238
Anglo American PLC 7,145 246,400
Anglo Platinum, Ltd. 276 18,864
AngloGold Ashanti, Ltd., ADR (L) 1,100 45,496
Antofagasta PLC 2,944 41,800
Anvil Mining, Ltd. (I) 200 1,462
APERAM 208 3,007
Aquarius Platinum, Ltd. 2,324 6,434
ArcelorMittal 4,564 72,892
Aspire Mining, Ltd. (I) 11,773 4,991
Atlas Iron, Ltd. 6,571 17,645
Aura Minerals, Inc. (I) 1,715 1,915
Aurico Gold Incaurico Gold Inc (I) 1,200 11,326
Aurizon Mines, Ltd. (I) 1,500 7,658
Aurubis AG 508 25,741
Barrick Gold Corp. 4,862 227,858
BHP Billiton PLC 5,100 270,708
BHP Billiton, Ltd. 2,067 68,676
BHP Billiton, Ltd., ADR (L) 5,700 378,708
Bhushan Steel, Ltd. 1,150 7,712
BlueScope Steel, Ltd. 14,114 9,738
Boliden AB 2,677 27,615
Canam Group, Inc. (I) 100 367

 

131

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Metals & Mining (continued)    
CAP SA 641 $ 19,736
Capstone Mining Corp. (I) 4,700 10,854
Carpenter Technology Corp. 800 35,912
Centerra Gold, Inc. 800 14,895
Century Aluminum Company (I) 1,600 14,304
China Metal Recycling Holdings, Ltd. 12,600 10,556
China Molybdenum Company, Ltd. 18,000 7,365
China Rare Earth Holdings, Ltd. (I) 22,000 4,063
China Steel Corp. 45,213 43,944
Chung Hung Steel Corp. 7,450 2,531
Cia Minera Autlan SAB de CV 400 427
Cliffs Natural Resources, Inc. 1,900 97,223
Cline Mining Corp. (I) 2,400 2,588
Coeur d’Alene Mines Corp. (I) 1,500 32,160
Colossus Minerals, Inc. (I) 1,100 5,868
Commercial Metals Company 1,700 16,167
Companhia Siderurgica Nacional SA, ADR 3,550 28,187
Compania de Minas Buenaventura SA, ADR 400 15,096
Compass Minerals International, Inc. 600 40,068
Contango ORE, Inc. (I) 30 443
Crystallex International Corp. (I) 1,900 227
CuDeco, Ltd. (I) 2,196 7,204
Daido Steel Company, Ltd. 4,000 23,804
Detour Gold Corp. (I) 400 10,421
Discovery Metals, Ltd. (I) 7,718 9,609
Dongkuk Steel Mill Company, Ltd. 690 12,889
Dowa Holdings Company, Ltd. 2,000 11,097
DRDGOLD, Ltd. 8,960 4,626
Dundee Precious Metals, Inc. (I) 1,300 10,136
Eastern Platinum, Ltd. (I) 26,100 17,435
Eldorado Gold Corp. 3,080 53,053
Endeavour Silver Corp. (I) 1,300 11,711
Eramet 36 4,977
Eregli Demir ve Celik Fabrikalari TAS 4,389 7,642
Eurasian Natural Resources Corp. 1,380 12,290
European Goldfields, Ltd. (I) 900 7,137
Evertop Wire Cable Corp. 9,000 15,136
Evraz Group SA, GDR 714 11,238
First Majestic Silver Corp (I) 200 3,052
First Quantum Minerals, Ltd. 5,000 66,562
Fortescue Metals Group, Ltd. 6,361 26,369
Fortuna Silver Mines, Inc. (I) 2,500 12,406
Fosun International, Ltd. 22,500 11,290
Franco-Nevada Corp. 800 28,942
Freeport-McMoRan Copper & Gold, Inc. 7,000 213,150
Fresnillo PLC 1,460 35,926
Fushan International Energy Group, Ltd. 16,000 5,201
Gem Diamonds, Ltd. (I) 3,004 9,721
General Moly, Inc. (I)(L) 1,500 4,350
Gerdau SA, ADR 5,800 41,354
Globe Specialty Metals, Inc. 858 12,458
Godo Steel, Ltd. 3,000 6,791
Gold Fields, Ltd., ADR 5,048 77,335
Goldcorp, Inc. 4,233 194,179
Golden Star Resources, Ltd. (I) 1,500 2,820
Grande Cache Coal Corp. (I) 400 1,588
Great Basin Gold, Ltd. (I)(L) 5,000 8,445
Grupo Mexico SAB de CV, Series B 23,249 54,986
Guyana Goldfields, Inc. (I) 396 2,970
Harmony Gold Mining Company, Ltd., ADR 2,900 34,017
Harry Winston Diamond Corp. (I) 200 2,035
Haynes International, Inc. 100 4,345
Hecla Mining Company (I) 3,200 17,152
Hidili Industry International Development, Ltd. 13,000 3,706
Hill & Smith Holdings PLC 125 479
Hindalco Industries, Ltd. 7,917 20,908

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Metals & Mining (continued)    
Hitachi Metals, Ltd. 1,000 $ 11,469
Hochschild Mining PLC 2,602 16,515
Hoganas AB 200 5,321
Horsehead Holding Corp. (I) 700 5,194
HudBay Minerals, Inc. 1,065 9,929
Hunan Non Ferrous Metal Corp., Ltd. (I) 12,000 2,758
Hyundai Hysco Company, Ltd. 300 11,586
Hyundai Steel Company 412 30,089
IAMGOLD Corp. 2,800 55,658
Iluka Resources, Ltd. 3,241 37,893
Impala Platinum Holdings, Ltd. 2,297 46,561
Independence Group NL 1,343 5,507
Industrias CH SAB de CV (I) 2,500 7,083
Industrias Penoles SAB de CV 590 21,666
Inmet Mining Corp. 700 29,659
Integra Mining, Ltd. (I) 5,144 2,302
International Nickel Indonesia Tbk PT 24,000 8,035
International Tower Hill Mines, Ltd. (I) 1,100 5,595
Ivanhoe Australia, Ltd. (I) 2,621 2,366
Ivanhoe Mines, Ltd. (I) 1,620 22,339
Jaguar Mining, Inc. 600 2,806
JFE Holdings, Inc. 3,200 64,531
Jindal Steel & Power, Ltd. 2,802 28,359
JSW Steel, Ltd. 631 7,550
Kagara Zinc, Ltd. (I) 15,000 5,627
Kaiser Aluminum Corp. 400 17,712
Kardemir Karabuk Demir Celik Sanayi Ve    
Ticaret AS, Class D (I) 6,724 3,017
Katanga Mining, Ltd. (I) 700 741
Kazakhmys PLC 2,396 29,340
KGHM Polska Miedz SA 956 37,541
Kingsgate Consolidated, Ltd. 682 4,715
Kinross Gold Corp. 7,178 106,653
Kirkland Lake Gold, Inc. (I) 1,000 16,213
KISCO Corp. 35 664
KISCO Holdings Company, Ltd. 10 270
Kobe Steel, Ltd. 24,000 40,189
Korea Zinc Company, Ltd. 68 16,648
Kumba Iron Ore, Ltd. 515 27,130
Kumba Resources, Ltd. 1,225 25,694
Lake Shore Gold Corp. (I) 2,500 3,793
Lingbao Gold Company, Ltd. 4,000 1,671
Lion Industries Corp. BHD 17,400 7,276
Lonmin PLC, ADR 1,319 21,454
Lundin Mining Corp. (I) 1,505 5,242
Maanshan Iron & Steel Company, Ltd. 22,000 4,815
MacArthur Coal, Ltd. 3,088 47,244
MAG Silver Corp. (I) 1,100 8,608
Magnitogorsk Iron & Steel Works 911 4,357
Major Drilling Group International 300 2,960
Materion Corp. (I) 300 6,804
Mechel, ADR 500 5,095
Medusa Mining, Ltd. 1,338 8,746
Mercator Minerals, Ltd. (I) 2,600 3,474
Metorex, Ltd. (I) 6,897 6,820
Midas Holdings, Ltd. 12,000 3,368
Minefinders Corp. (I) 275 3,797
Minera Andes, Inc. 3,400 6,035
Minera Frisco SAB de CV, Class A1 (I) 5,300 18,076
Mitsubishi Materials Corp. 9,000 21,910
Mitsubishi Steel Manufacturing Company, Ltd. 4,000 11,392
Mitsui Mining & Smelting Company, Ltd. 7,000 18,027
Mitsui Mining Company, Ltd. 3,500 4,535
Mittal Steel South Africa, Ltd. 1,545 11,295
MMC Norilsk Nickel, ADR 4,050 87,070
MMX Mineracao e Metalicos SA (I) 3,365 12,617

 

132

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Metals & Mining (continued)    
Molycorp, Inc. (I)(L) 800 $ 26,296
Mount Gibson Iron, Ltd. 2,570 3,248
Murchison Metals, Ltd. (I) 11,474 3,603
Mytilineos Holdings SA (I) 2,024 8,541
National Aluminium Company, Ltd. 5,523 6,964
New Gold, Inc (I) 2,600 26,846
Newcrest Mining, Ltd. 3,707 122,163
Newmont Mining Corp. (L) 4,000 251,600
Nippon Denko Company, Ltd. 2,000 10,554
Nippon Light Metal Company, Ltd. 3,000 4,921
Nippon Steel Corp. 23,000 65,836
Nippon Yakin Kogyo Company, Ltd. (I) 500 834
Nisshin Steel Company 7,000 12,508
Noranda Aluminum Holding Corp. (I) 1,000 8,350
Nordic Mines Ab (I) 784 5,642
Norsk Hydro ASA (L) 6,439 29,255
North American Palladium, Ltd. (I) 200 512
Northam Platinum, Ltd. 2,901 11,809
Northern Dynasty Minerals, Ltd. (I) 500 2,677
Northgate Minerals Corp. (I) 1,600 5,375
Novagold Resources, Inc. (I) 900 5,849
Novolipetsk Steel OJSC, ADR 400 8,192
Nucor Corp. 2,700 85,428
Nyrstar (I) 1,073 9,371
Nyrstar - Strip VVPR (I) 441 0
OceanaGold Corp. (I) 3,000 6,814
Olympic Steel, Inc. 100 1,694
OneSteel, Ltd. 9,891 11,601
Osisko Mining Corp. (I) 2,300 29,126
Outokumpu OYJ 1,422 9,318
Oxiana, Ltd. 2,718 24,187
Palabora Mining Company, Ltd. 99 1,347
Pan American Silver Corp. 600 16,164
Pan Australian Resources, Ltd. (I) 5,711 13,666
Petropavlovsk PLC 879 8,108
Polymetal, GDR (I) 1,050 16,275
Poongsan Corp. 230 4,862
POSCO, ADR 1,500 114,015
Quadra FNX Mining, Ltd. (I) 830 7,216
Randgold Resources, Ltd. 260 25,303
Rautaruukki OYJ 824 8,265
Regis Resources, Ltd. (I) 3,549 8,899
Reliance Steel & Aluminum Company 1,300 44,213
Resolute Mining, Ltd. (I) 6,735 9,825
Rex Minerals, Ltd. (I) 1,663 1,886
Rio Tinto PLC, ADR 7,200 317,376
Rio Tinto, Ltd. 2,620 153,395
Royal Gold, Inc. 900 57,654
RTI International Metals, Inc. (I) 400 9,328
Rubicon Minerals Corp. (I) 2,300 8,011
Sabina Gold & Silver Corp. (I) 1,600 4,489
Sally Malay Mining, Ltd. 4,562 5,131
Salzgitter AG 344 16,504
Sandfire Resources Nl (I) 3,022 17,329
Sanyo Special Steel Company, Ltd. 1,000 5,598
Schnitzer Steel Industries, Inc. 400 14,720
Seah Besteel Corp. 440 23,026
SeAH Holdings Corp. 102 10,474
SEMAFO, Inc. (I) 1,800 14,858
Sesa Goa, Ltd. 2,752 11,160
Severstal, ADR 1,535 16,179
Sherritt International Corp. 3,300 13,730
Shore Gold, Inc. (I) 1,200 607
Shougang Concord International    
Enterprises Company, Ltd. 12,000 621
Silver Lake Resources, Ltd. (I) 946 2,318

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Metals & Mining (continued)    
Silver Standard Resources, Inc. (I) 600 $ 11,034
Silver Wheaton Corp. 2,100 62,004
Silvercorp Metals, Inc. 500 3,956
Sims Group, Ltd. 1,467 17,420
Southern Copper Corp. 5,800 144,942
SSAB AB, Series A 1,479 10,945
SSAB AB, Series B 470 3,103
St Andrew Goldfields, Ltd. (I) 4,000 1,909
St. Barbara, Ltd. (I) 6,294 12,427
Steel Authority of India, Ltd. 3,771 8,139
Steel Dynamics, Inc. 3,000 29,760
Sterlite Industries India Ltd 4,944 11,141
Sterlite Industries India, Ltd., ADR 1,100 10,131
Stillwater Mining Company (I) 1,800 15,300
Straits Metals, Ltd. (I) 839 560
Sumitomo Metal Industries, Ltd. 18,000 37,275
Sumitomo Metal Mining Company, Ltd. 3,000 39,765
Sumitomo Titanium Corp. 100 4,144
TA Chen Stainless Pipe (I) 12,100 6,246
Tanzanian Royalty Exploration Corp. (I) 1,900 6,981
Taseko Mines, Ltd. (I) 900 2,285
Tata Steel, Ltd. 2,299 19,360
Teck Resources, Ltd. 3,300 97,372
Thompson Creek Metals Company, Inc. (I) 1,300 7,878
ThyssenKrupp AG 2,260 55,472
Timah Tbk PT 35,500 6,928
Timminco, Ltd. (I) 300 54
Titanium Metals Corp. 2,800 41,944
Toho Titanium Company, Ltd. 200 3,317
Toho Zinc Company, Ltd. 1,000 3,707
Tokyo Rope Manufacturing Company, Ltd. 4,000 8,606
Tokyo Steel Manufacturing Company, Ltd. 900 8,538
Ton Yi Industrial Corp. 10,500 4,887
Tubos Reunidos SA (I) 599 1,213
Tung Ho Steel Enterprise Corp. 3,212 2,862
United States Steel Corp. (L) 2,000 44,020
Universal Stainless & Alloy Products, Inc. (I) 100 2,542
Usha Martin, Ltd. 4,856 3,226
Usinas Siderurgicas de Minas Gerais SA 1,400 16,009
Vale SA, ADR 7,000 159,600
Vale SA, ADR (L) 10,600 222,600
Vedanta Resources PLC 1,224 20,843
Viohalco SA (I) 1,796 8,011
Voestalpine AG 1,126 32,636
Walter Energy, Inc. 700 42,007
Welspun Corp, Ltd. 1,168 2,595
Western Areas NL 1,453 5,961
White Energy Company, Ltd.- Australian    
Stock Exchange (I) 576 808
White Energy Company, Ltd. 167 215
Worthington Industries, Inc. 1,400 19,558
Xingda International Holdings, Ltd. 14,000 6,668
Xinjiang Xinxin Mining    
Industry Company, Ltd. 3,000 840
Xstrata PLC 14,590 182,979
Yamana Gold, Inc. 5,375 73,759
Yamato Kogyo Company, Ltd. 300 7,847
Yeun Chyang Industrial Company, Ltd. 8,000 5,085
Young Poong Corp. 8 6,993
Zaklad Przetworstwa    
Hutniczego Stalprodukt SA 49 4,145
Zhaojin Mining Industry Company., Ltd. 12,000 19,827
Zijin Mining Group Company, Ltd. 39,000 10,961
 
    7,962,123

 

133

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Paper & Forest Products    
Ahlstrom OYJ 715 $ 11,884
Barito Pacific Tbk PT (I) 49,500 4,618
Billerud Aktibolag AB 600 4,027
Buckeye Technologies, Inc. 300 7,233
Canfor Corp. (I) 2,100 20,962
Canfor Pulp Products, Inc. 371 4,408
China Grand Forestry    
Resources Group, Ltd. (I) 26,000 477
Clearwater Paper Corp. (I) 400 13,592
Daio Paper Corp. 1,000 9,275
Deltic Timber Corp. 100 5,968
Domtar Corp. 600 40,902
Duratex SA 2,748 12,584
Empresas CMPC SA 7,710 26,187
Fibria Celulose SA, ADR 1,104 8,357
Grupo Empresarial Ence SA 783 2,009
Gunns, Ltd. (I) 11,710 1,651
Hansol Paper Company, Inc. 970 6,105
Holmen AB, Series B 626 15,535
Indah Kiat Pulp and Paper Corp. Tbk PT (I) 38,500 3,849
International Forest Products, Ltd. (I) 300 1,142
International Paper Company 5,722 133,037
KapStone Paper and Packaging Corp. (I) 600 8,334
Lee & Man Paper Manufacturing, Ltd. 33,600 11,375
Louisiana-Pacific Corp. (I) 1,900 9,690
M-Real OYJ (I) 5,400 11,066
Masisa SA 76,248 6,603
MeadWestvaco Corp. 2,915 71,592
Mercer International, Inc. (I) 900 6,120
Mitsubishi Paper Mills, Ltd. (I) 2,000 1,950
Mondi Ltdmondi Ltd. 1,584 11,227
Mondi PLC 3,915 28,720
Mondi Swiecie SA (I) 344 7,690
Neenah Paper, Inc. 500 7,090
Nine Dragons Paper Holdings, Ltd. 16,000 7,812
Nippon Paper Group, Inc. 800 21,271
Norbord, Inc. (I) 60 452
Norske Skogindustrier ASA (I) 3,500 2,475
OJI Paper Company, Ltd. 6,000 32,935
P.H. Glatfelter Company 800 10,568
PaperlinX, Ltd. (I) 2,943 202
Portucel - Empresa Produtora de Pasta    
e Papel SA 3,115 7,264
Precious Woods Holding AG (I) 138 1,641
Samling Global, Ltd. 8,000 397
Sappi, Ltd., ADR (I) 3,600 10,944
Schweitzer-Mauduit International, Inc. 300 16,761
Semapa-Sociedade de Investimento & Gestao 1,179 8,228
Sequana Capital 355 2,169
Sino-Forest Corp. (I)(L) 2,300 1,584
Sonae Industria SGPS SA (I) 2,576 2,879
Stella-Jones, Inc. 200 6,947
Stora Enso OYJ, Series R (L) 4,914 28,694
Svenska Cellulosa AB 4,426 53,813
TA Ann Holdings BHD 7,632 10,054
Tokushu Tokai Holdings Company, Ltd. 3,000 5,959
UPM-Kymmene OYJ 3,595 40,468
Wausau Paper Corp. 400 2,556
West Fraser Timber Company, Ltd. 300 11,409
Yuen Foong Yu Paper    
Manufacturing Company, Ltd. 26,917 10,299
 
    813,040
 
Textiles, Apparel & Luxury Goods    
Lee & Man Holding, Ltd. 8,000 4,294
 
    16,620,248

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Textiles, Apparel & Luxury Goods (continued)    
Telecommunication Services - 2.56%    
 
Diversified Telecommunication Services    
AboveNet, Inc. 400 $ 21,440
Asia Satellite Telecom    
Holdings Company, Ltd. 7,000 13,483
AT&T, Inc. 58,644 1,673,621
Atlantic Tele-Network, Inc. 200 6,576
Axtel SAB de CV (I) 14,800 5,389
BCE, Inc. 1,662 62,315
Belgacom SA 959 28,906
Bell Aliant, Inc. 472 12,454
Bezek Israeli Telecommunications Corp., Ltd. 10,197 19,117
Brasil Telecom SA 800 13,968
BT Group PLC 4,200 111,888
Cable & Wireless Communications PLC 17,566 10,113
Cable & Wireless Worldwide 17,566 8,404
Cbeyond, Inc. (I) 400 2,824
CenturyLink, Inc. 6,122 202,761
China Communications    
Services Corp., Ltd., Class H 28,000 12,639
China Telecom Corp., Ltd., ADR (L) 700 43,323
China Unicom Hong Kong, Ltd., ADR (L) 4,204 85,762
Chunghwa Telecom Company, Ltd., ADR 1,570 51,810
Cincinnati Bell, Inc. (I) 2,600 8,034
Citic 1616 Holdings, Ltd. 27,000 5,106
Citic 21CN Company, Ltd. (I) 36,000 2,391
Cogent Communications Group, Inc. (I) 500 6,725
Colt Telecom Group SA (I) 4,670 7,371
Consolidated Communications Holdings, Inc. 400 7,220
Deutsche Telekom AG 16,559 194,788
Elisa OYJ, Class A 806 16,459
Empresa Nacional de Telecomunicaciones SA 1,081 20,798
France Telecom SA 6,326 103,732
France Telecom SA, ADR 2,800 45,836
Frontier Communications Corp. (L) 15,012 91,723
General Communication, Inc., Class A (I) 1,000 8,200
Global Crossing, Ltd. (I) 800 19,128
Hellenic Telecommunications Organization SA 1,308 5,591
Hutchison Telecommunications Hong    
Kong Holdings, Ltd. 27,000 9,452
IDT Corp., Class B 500 10,200
iiNET, Ltd. 1,376 2,867
Iliad SA 179 20,031
Inmarsat PLC 3,801 28,879
Iridium Communications, Inc. (I)(L) 1,092 6,770
Jazztel PLC (I) 1,715 8,468
Kcom Group PLC 13,206 14,485
Koninklijke (Royal) KPN NV 6,831 89,927
KT Corp., ADR 1,300 19,214
Magyar Telekom Telecommunications PLC 1,300 14,417
Mahanagar Telephone Nigam, Ltd. (I) 5,982 3,843
Manitoba Telecom Services, Inc. 400 12,375
Netia SA (I) 10,157 15,149
Neutral Tandem, Inc. (I) 300 2,904
Nippon Telegraph & Telephone Corp. 2,200 105,734
PAETEC Holding Corp. (I) 3,400 17,986
PCCW, Ltd. 34,000 12,577
Portugal Telecom SGPS SA 4,134 30,144
Premiere Global Services, Inc. (I)(L) 1,100 7,062
PT Telekomunikiasi Indonesia Tbk PT, ADR 1,100 36,377
QSC AG (I) 2,321 6,318
Singapore Telecommunications, Ltd. 44,000 106,249
SureWest Communications 200 2,094
Swisscom AG 141 57,292
TalkTalk Telecom Group PLC 5,942 11,676

 

134

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Diversified Telecommunication Services (continued)  
Tata Communications, Ltd. 396 $ 1,476
TDC A/S 45 367
Tele Norte Leste Participacoes SA 400 4,382
Tele Norte Leste Participacoes SA, ADR 900 8,577
Tele2 AB, Series B 2,768 50,615
Telecom Corp. of New Zealand, Ltd. 3,933 7,777
Telecom Italia SpA 75,264 81,726
Telecomunicacoes de Sao Paulo SA (I) 600 14,006
Telecomunicacoes de Sao Paulo SA, ADR 995 26,318
Telefonica O2 Czech Republic AS 798 17,023
Telefonica SA 201 3,853
Telefonica SA, ADR (L) 16,500 315,480
Telefonos de Mexico SAB de CV, ADR 1,500 22,425
Telekom Austria AG 3,134 31,618
Telekom Malaysia BHD 8,300 10,460
Telekomunikacja Polska SA 2,522 13,138
Telenet Group Holding NV (I) 611 22,386
Telenor ASA 3,579 55,173
Teliasonera AB 13,450 88,750
Telkom SA, Ltd., ADR 800 12,896
Telstra Corp., Ltd. 18,597 55,427
TELUS Corp., Non-Voting Shares 973 45,358
Total Access Communication PCL 6,300 14,998
TPG Telecom, Ltd. 4,552 6,163
True Corp. PCL (I) 34,600 3,517
Turk Telekomunikasyon AS 2,270 9,716
TW Telecom, Inc. (I) 2,100 34,692
Verizon Communications, Inc. 26,100 960,480
Vonage Holdings Corp. (I) 2,900 7,540
Windstream Corp. (L) 4,921 57,379
Xl Axiata Tbk Pt 2,500 1,399
 
    5,567,500
 
Wireless Telecommunication Services    
Advanced Info Service PCL 4,500 18,530
Allied Technologies, Ltd. 499 3,622
America Movil SAB de CV, Series L 12,692 14,011
America Movil SAB de CV,    
Series L, ADR (L) 6,094 134,556
American Tower Corp., Class A (I) 2,765 148,757
Axiata Group BHD 12,400 17,723
Bakrie Telecom Tbk PT (I) 471,000 17,555
Bharti Airtel, Ltd. 6,017 45,783
Cellcom Israel, Ltd. 473 9,660
China Mobile, Ltd. 1,500 14,638
China Mobile, Ltd., ADR 5,600 272,776
Crown Castle International Corp. (I) 1,900 77,273
DiGi.Com BHD 1,100 10,459
Drillisch AG 1,233 11,954
Far EasTone    
Telecommunications Company, Ltd. 9,000 13,297
Freenet AG 1,164 13,666
Globe Telecommunications, Inc. 330 6,666
Idea Cellular, Ltd. (I) 7,689 15,340
Indosat Tbk PT 6,000 3,530
Indosat Tbk PT, ADR 131 3,741
KDDI Corp. 11 75,549
Leap Wireless International, Inc. (I) 1,400 9,660
LG Uplus Corp. 3,270 17,498
Maxis BHD 6,700 11,080
MetroPCS Communications, Inc. (I) 5,100 44,421
Millicom International Cellular SA 94 9,414
MobileOne, Ltd. 6,000 11,184
Mobistar SA (I) 176 10,051
MTN Group, Ltd. 8,393 137,317
NII Holdings, Inc. (I) 2,700 72,765

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Wireless Telecommunication Services (continued)    
NTELOS Holdings Corp. 400 $ 7,092
NTT DoCoMo, Inc. 69 125,780
Partner Communications    
Company, Ltd., ADR (I) 700 6,615
Philippine Long Distance Telephone    
Company, ADR 200 9,906
Reliance Communications, Ltd. 3,426 4,954
Rogers Communications, Inc., Class B (L) 1,900 65,038
SBA Communications Corp., Class A (I) 1,000 34,480
Shenandoah Telecommunications Company 200 2,228
SK Telecom Company, Ltd., ADR 1,400 19,698
Softbank Corp. 2,600 76,110
Sprint Nextel Corp. (I) 31,300 95,152
StarHub, Ltd. 6,000 13,056
Taiwan Mobile Company, Ltd. (I) 4,000 9,847
Telephone & Data Systems, Inc. (L) 800 17,000
Telephone & Data Systems, Inc. -    
Special Shares 900 17,793
Tim Participacoes SA, ADR 1,176 27,707
Tim Participacoes Satim Participacoes SA 2,500 11,568
Turkcell Iletisim Hizmetleri AS, ADR (I) 1,700 19,176
United States Cellular Corp. (I) 700 27,755
USA Mobility, Inc. 500 6,600
Vimpelcom, Ltd., ADR 2,700 25,731
Vodacom Group, Ltd. 2,021 22,544
Vodafone Group PLC, ADR 27,097 695,038
 
    2,593,344
 
    8,160,844
Utilities - 2.61%    
 
Electric Utilities    
Acciona SA 190 16,039
Allete, Inc. 600 21,978
American Electric Power Company, Inc. 3,242 123,261
Centrais Eletricas Brasileiras SA 1,200 10,339
Centrais Eletricas Brasileiras SA, ADR,    
B Shares 1,100 12,859
Central Vermont Public Service Corp. 100 3,521
Centralschweizerische Kraftwerke AG 13 4,722
Cesc, Ltd. 886 4,962
CEZ AS 757 29,171
Cheung Kong Infrastructure Holdings, Ltd. 4,000 23,345
Chubu Electric Power Company, Inc. 2,900 54,532
Chugoku Electric Power Company, Inc. 1,300 22,908
Cia Energetica de Minas Gerais 400 4,744
Cia Energetica de Minas Gerais, ADR 2,410 35,764
Cia General de Electricidad 1,916 8,418
Cia Paranaense de Energia, ADR 300 5,463
Cleco Corp. 800 27,312
CLP Holdings, Ltd. 9,000 80,561
Contact Energy, Ltd. (I) 2,658 10,982
CPFL Energia SA 1,200 13,166
DPL, Inc. 1,800 54,252
Duke Energy Corp. 9,822 196,342
E.ON AG 9,121 198,919
EDF SA 977 28,389
Edison International 2,200 84,150
EDP - Energias do Brasil SA 700 14,147
El Paso Electric Company 500 16,045
Electricidade de Portugal SA 10,961 33,665
Elia System Operator SA/NV 221 8,971
Emera, Inc. 300 9,250
Empresa Electrica del Norte Grande SA 4,759 11,310
Enea SA 1,398 6,741
Enel SpA 27,217 120,418

 

135

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Electric Utilities (continued)    
Energiedienst Holding AG (I) 22 $ 1,254
Enersis SA, ADR 1,765 29,846
Entergy Corp. 1,400 92,806
Equatorial Energia SA 1,400 8,637
Exelon Corp. 4,828 205,721
First Philippine Holdings Corp. 6,300 7,755
FirstEnergy Corp. 2,837 127,410
Fortis, Inc. 900 28,282
Fortum OYJ 2,649 62,210
Great Plains Energy, Inc. 2,000 38,600
Hawaiian Electric Industries, Inc. (L) 1,300 31,564
Hokkaido Electric Power Company, Inc. 900 13,250
Hokuriku Electric Power Company 900 16,672
Iberdrola SA 22,174 150,062
IDACORP, Inc. 700 26,446
Iren SpA 1,525 1,784
ITC Holdings Corp. 700 54,201
Kansai Electric Power Company, Ltd. 2,700 46,429
Korea Electric Power Corp., ADR (I) 2,200 18,700
Kyushu Electric Power Company, Inc. 1,900 30,614
Light SA 700 9,210
Manila Electric Company 2,470 13,047
MGE Energy, Inc. 300 12,201
Nextera Energy, Inc. 3,100 167,462
Northeast Utilities 1,900 63,935
NV Energy, Inc. 3,000 44,130
Oesterreichische Elektrizitaets AG, Class A 185 5,348
Otter Tail Corp. 600 10,980
Pepco Holdings, Inc. 2,000 37,840
Pinnacle West Capital Corp. 1,200 51,528
PNM Resources, Inc. 1,200 19,716
Polska Grupa Energetyczna SA 3,010 17,534
Portland General Electric Company 1,100 26,059
Power Assets Holdings, Ltd. 7,500 57,390
Power Grid Corp. of India Ltd. 7,026 14,053
PPL Corp. 3,365 96,037
Progress Energy, Inc. 2,600 134,472
Public Power Corp. SA 1,004 8,032
Red Electrica De Espana 695 31,716
Reliance Infrastructure, Ltd. 523 3,905
Romande Energie Holding SA 8 11,258
RusHydro, ADR 6,577 22,625
Scottish & Southern Energy PLC 5,760 115,194
Shikoku Electric Power Company, Inc. 1,000 27,506
Southern Company 6,465 273,922
SP Ausnet 18,093 16,233
Spark Infrastructure Group (S) 9,219 11,037
Tata Power Co Ltdtata Power Co Ltd. 4,280 8,678
Tenaga Nasional BHD 8,750 14,098
Terna Participacoes SA 800 14,462
Terna Rete Elettrica Nazionale SpA 10,246 38,007
The Empire District Electric Company (I) 500 9,690
The Tokyo Electric Power Company, Inc. (I) 5,800 17,796
Tohoku Electric Power Company, Inc. 1,700 23,533
Torrent Power, Ltd. 1,000 4,563
TrustPower, Ltd. 2,008 10,819
UIL Holdings Corp. 700 23,051
Unisource Energy Corp. 500 18,045
Unitil Corp. 200 5,136
Westar Energy, Inc. (L) 1,600 42,272
 
    3,821,409
 
Gas Utilities    
AGL Resources, Inc. 1,100 44,814
APA Group, Ltd. 2,860 11,102
Atmos Energy Corp. 1,300 42,185

 

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Gas Utilities (continued)    
Aygaz AS 1,926 $ 9,919
Chesapeake Utilities Corp. 100 4,011
China Gas Holdings, Ltd. 16,000 3,931
China Oil and Gas Group, Ltd. (I) 20,000 1,039
China Resources Gas Group, Ltd. 6,000 7,965
Enagas SA 1,409 25,948
ENN Energy Holdings, Ltd. 4,000 13,018
Envestra, Ltd. 2,480 1,576
GAIL India, Ltd. 2,673 22,258
Gas Natural SDG SA 2,669 45,493
Gujarat State Petronet, Ltd. 3,893 8,253
Hong Kong & China Gas Company, Ltd. 24,134 54,522
Korea Gas Corp. 342 8,775
National Fuel Gas Company 800 38,944
New Jersey Resources Corp. 600 25,542
Nicor, Inc. 700 38,507
Northwest Natural Gas Company 400 17,640
ONEOK, Inc. 900 59,436
Osaka Gas Company, Ltd. 9,000 37,410
Perusahaan Gas Negara Tbk PT 51,000 15,174
Petronas Gas BHD 4,300 17,409
Piedmont Natural Gas Company, Inc. 1,200 34,668
Questar Corp. 2,500 44,275
Rubis SA 296 14,922
Saibu Gas Company, Ltd. 4,000 10,803
Samchully Company, Ltd. 69 5,641
Shizuoka Gas Company, Ltd. 1,500 10,109
Snam Rete Gas SpA 6,994 32,285
South Jersey Industries, Inc. 400 19,900
Southwest Gas Corp. 600 21,702
The Laclede Group, Inc. 400 15,500
Toho Gas Company, Ltd. 4,000 26,260
Tokyo Gas Company, Ltd. 10,000 46,580
UGI Corp. 1,700 44,659
Valener, Inc. 130 1,789
WGL Holdings, Inc. 700 27,349
 
    911,313
 
Independent Power Producers & Energy Traders    
Adani Power, Ltd. (I) 2,436 4,117
Aes Gener SA 7,546 3,703
AES Tiete SA 900 10,239
Akenerji Elektrik Uretim AS (I) 3,578 5,576
Algonquin Power & Utilities Corp. 200 1,097
Atlantic Power Corp. 529 7,481
Beijing Datang Power Generation    
Company, Ltd., Class H 26,000 6,504
Boralex, Inc. (I) 200 1,328
Calpine Corp. (I) 6,200 87,296
Capstone Infrastructure Corp. 350 2,114
China Longyuan Power Group Corp. 13,000 10,643
China Power New Energy    
Development Company, Ltd. (I) 100,000 3,533
China Resource Power Holdings, Ltd. 14,000 20,916
China WindPower Group, Ltd. (I) 80,000 3,714
Colbun SA 49,226 12,315
Constellation Energy Group, Inc. 1,700 64,702
Drax Group PLC 2,951 21,909
Dynegy, Inc. (I)(L) 2,280 9,394
EDP Renovaveis SA (I) 1,185 6,467
Electric Power Development Company, Ltd. 900 26,521
Electricity Generating PCL 3,500 9,514
Empresa Nacional de    
Electricidad SA, ADR (L) 700 30,338
Energy Development Corp. 82,000 10,539
Energy World Corp., Ltd. (I) 24,742 12,074

 

136

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
Independent Power Producers & Energy Traders (continued)  
Etrion Corp. (I) 662 $ 378
GCL-Poly Energy Holdings, Ltd. 47,596 12,376
GenOn Energy, Inc. (I) 12,057 33,518
Glow Energy PCL 7,500 11,400
Gvk Power & Infrastructure, Ltd. (I) 6,734 2,164
Huadian Power International Corp. (I) 26,000 3,669
Huaneng Power International, Inc. 500 8,415
Infigen, Ltd. (I) 6,731 1,470
Innergex Renewable Energy, Inc. 1,200 10,707
International Power PLC 9,541 45,197
Jaiprakash Power Ventures, Ltd. (I) 5,500 3,765
JSW Energy, Ltd. 1,338 1,471
Maxim Power Corp. (I) 100 202
MPX Energia SA (I) 600 11,370
National Hydroelectric Power Corp. Ltd. 17,228 8,286
Northland Power, Inc. 47 719
NRG Energy, Inc. (I) 3,511 74,468
NTPC, Ltd. 3,414 11,624
Ormat Technologies, Inc. 600 9,648
PTC India, Ltd. 2,981 4,069
Ram Power Corp. 365 94
Ratchaburi Electricity Generating    
Holding PCL 9,100 12,442
Reliance Power, Ltd. (I) 5,453 8,390
Sechilienne-Sidec SA 300 5,055
Taiwan Cogeneration Corp. 17,120 10,395
Terna Energy SA 278 716
The AES Corp. (I) 11,800 115,168
Theolia SA (I) 446 557
Tractebel Energia SA 400 5,552
TransAlta Corp. 1,899 41,336
 
    826,655
 
Multi-Utilities    
A2A SpA 9,798 12,187
ACEA SpA 1,055 8,473
Acegas-APS SpA 800 3,650
AGL Energy, Ltd. 2,090 28,659
Alliant Energy Corp. 1,000 38,680
Ameren Corp. 2,200 65,494
ATCO, Ltd. 300 17,724
Avista Corp. 700 16,695
Black Hills Corp. (L) 500 15,320
Canadian Utilities, Ltd. 600 35,563
CenterPoint Energy, Inc. 3,500 68,670
Centrica PLC 24,505 112,648
CH Energy Group, Inc. 200 10,434
CMS Energy Corp. 1,900 37,601
Consolidated Edison, Inc. 2,214 126,242
Dominion Resources, Inc. 4,400 223,388
DTE Energy Company 2,100 102,942
Duet Group 11,804 18,338
GDF Suez 6,975 208,366
Hera SpA 6,946 10,516
Integrys Energy Group, Inc. 1,000 48,620
Just Energy Group, Inc. 1,200 11,474
MDU Resources Group, Inc. 1,600 30,704
MVV Energie AG 213 6,794
National Grid PLC, ADR 2,378 117,949
NiSource, Inc. (L) 2,500 53,450
NorthWestern Corp. 600 19,164
NSTAR 1,100 49,291
OGE Energy Corp. 900 43,011
PG&E Corp. 2,765 116,987
Public Service Enterprise Group, Inc. 5,700 190,209
Redes Energeticas Nacionais SA 2,238 6,322

 

Disciplined Diversification Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
Multi-Utilities (continued)      
RWE AG   1,760 $ 64,808
SCANA Corp. (L)   1,000 40,450
Sempra Energy   1,700 87,550
Suez Environnement SA   1,483 20,670
TECO Energy, Inc.   2,300 39,399
United Utilities Group PLC   3,867 37,453
Vector, Ltd.   1,058 2,054
Vectren Corp.   1,200 32,496
Veolia Environnement SA   793 11,581
Veolia Environnement SA, ADR   900 13,104
Wisconsin Energy Corp. (L)   2,600 81,354
Xcel Energy, Inc.   4,075 100,612
YTL Corp. BHD   33,660 13,895
 
      2,400,991
 
Water Utilities      
Aguas Andinas SA   1,641 868
American States Water Company   200 6,786
American Water Works Company, Inc.   1,500 45,270
Aqua America, Inc.   2,084 44,952
Cadiz, Inc. (I)   400 3,164
California Water Service Group   400 7,084
Cia de Saneamento de Minas Gerais   800 12,658
Companhia de Saneamento Basico de Estado    
de Sao Paulo, ADR   650 30,128
Connecticut Water Service, Inc. (L)   200 5,004
Consolidated Water Company, Ltd.   400 3,152
Epure International, Ltd.   17,000 5,397
Guangdong Investment, Ltd.   34,000 21,048
Hyflux, Ltd.   6,000 6,777
Inversiones Aguas Metropolitanas SA   2,737 3,745
Manila Water Company, Inc.   20,200 8,746
Middlesex Water Company   200 3,414
Northumbrian Water Group PLC   4,981 35,961
Pennichuck Corp.   200 5,596
Pennon Group PLC   3,748 39,313
Severn Trent PLC   2,020 48,339
SJW Corp.   300 6,531
Thai Tap Water Supply PCL   15,100 2,453
York Water Company   200 3,236
YTL Power International BHD   13,100 6,931
 
      356,553
 
      8,316,921
TOTAL COMMON STOCKS (Cost $190,409,682) $ 214,273,605
 
PREFERRED SECURITIES - 0.16%      
Consumer Discretionary - 0.03%      
 
Automobiles      
Porsche Automobil Holding SE $ 1,030 $ 49,306
 
Leisure Equipment & Products      
Forjas Taurus SA   554 527
 
Multiline Retail      
Lojas Americanas SA   3,261 24,628
 
Textiles, Apparel & Luxury Goods      
Sao Paulo Alpargatas SA   1,700 9,439
 
      83,900
Consumer Staples - 0.04%      
 
Beverages      
Companhia de Bebidas das Americas, ADR   3,500 107,275
Embotelladora Andina SA, Class A   2,591 8,775

 

137

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
Beverages (continued)      
Embotelladora Andina SA, Class B $ 1,981 $ 8,006
      124,056
Food & Staples Retailing      
Cia Brasileira de Distribuicao Grupo Pao      
de Acucar   4 121
 
      124,177
Financials - 0.03%      
Commercial Banks      
Banco do Estado do Rio Grande do Sul SA   1,900 16,168
Itau Unibanco Holding SA   4,869 75,226
 
      91,394
Diversified Financial Services      
Banco ABC Brasil SA   1,800 9,066
 
      100,460
Industrials - 0.01%      
Airlines      
Tam SA   1,300 19,961
Building Products      
Eucatex SA Industria e Comercio   900 3,221
Commercial Services & Supplies      
Contax Participacoes SA   400 3,765
Machinery      
Marcopolo SA   2,500 9,174
Randon Participacoes SA   1,200 6,491
 
      15,665
      42,612
Materials - 0.03%      
Chemicals      
Vale Fertilizantes SA   1,100 14,228
Containers & Packaging      
Klabin SA   6,500 17,976
Metals & Mining      
Companhia de Ferro Ligas Da Bahia   300 1,580
Confab Industrial SA   3,515 9,498
Gerdau SA   875 6,213
Usinas Siderurgicas de Minas Gerais SA   3,400 19,023
 
      36,314
Paper & Forest Products      
Suzano Papel e Celulose SA   2,750 12,227
 
      80,745
Telecommunication Services - 0.00%      
Diversified Telecommunication Services      
Tele Norte Leste Participacoes SA   700 6,627
Telecomunicacoes De Sao Paulo SA   314 8,317
 
      14,944
      14,944
Utilities - 0.02%      
Electric Utilities      
Cia Energetica do Ceara   200 3,469
Cia Paranaense de Energia   500 9,015
Companhia de Transmissao de Energia      
Eletrica Paulista   200 5,104

 

Disciplined Diversification Trust (continued)
  Shares or   
  Principal   
    Amount Value
 
 
Electric Utilities (continued)      
Eletropaulo Metropolitana Eletricidade de      
Sao Paulo SA $ 800 $ 12,109
 
      29,697
 
Independent Power Producers & Energy Traders    
AES Tiete SA   800 9,999
Companhia Energetica de Sao Paulo   1,400 20,699
 
      30,698
 
      60,395
TOTAL PREFERRED SECURITIES (Cost $457,316) $ 507,233
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 31.93%      
U.S. Government - 10.44%      
U.S. Treasury Bonds      
6.000%, 02/15/2026 $ 1,600,000 $ 2,296,499
6.750%, 08/15/2026   1,400,000 2,153,593
6.875%, 08/15/2025   1,025,000 1,574,336
7.500%, 11/15/2024   675,000 1,075,781
8.875%, 08/15/2017   1,525,000 2,197,787
9.250%, 02/15/2016   2,015,000 2,752,365
9.875%, 11/15/2015   370,000 508,288
10.625%, 08/15/2015   3,985,000 5,508,019
11.250%, 02/15/2015   4,570,000 6,206,988
U.S. Treasury Notes      
2.250%, 07/31/2018   4,500,000 4,754,178
2.625%, 02/29/2016   1,750,000 1,888,906
2.750%, 02/15/2019   1,200,000 1,306,126
3.625%, 02/15/2020   950,000 1,098,066
 
      33,320,932
U.S. Government Agency - 21.49%      
Federal Farm Credit Bank      
3.400%, 06/04/2018   1,000,000 1,099,536
3.650%, 12/21/2020   1,100,000 1,190,685
4.875%, 12/16/2015 to 01/17/2017   5,500,000 6,416,034
5.125%, 08/25/2016   3,000,000 3,542,631
5.220%, 05/15/2023   2,480,000 3,074,114
5.250%, 03/06/2023   1,135,000 1,402,016
Federal Home Loan Bank      
3.375%, 06/12/2020   500,000 536,624
3.625%, 03/10/2017   800,000 889,174
4.125%, 03/13/2020   550,000 623,019
4.375%, 03/13/2026   900,000 1,010,705
4.500%, 09/13/2019   1,850,000 2,177,089
4.750%, 09/11/2015 to 12/16/2016   7,050,000 8,208,317
4.875%, 05/17/2017   3,400,000 4,060,545
5.000%, 12/21/2015 to 11/17/2017   7,700,000 9,188,355
5.125%, 10/19/2016   1,750,000 2,063,479
5.250%, 12/09/2022   1,155,000 1,430,399
5.365%, 09/09/2024   800,000 1,009,913
5.375%, 05/18/2016 to 09/30/2022   7,950,000 9,535,236
5.625%, 06/11/2021   905,000 1,132,228
Federal Home Loan Mortgage Corp.      
3.750%, 03/27/2019   600,000 678,722
Tennessee Valley Authority      
4.375%, 06/15/2015   1,200,000 1,349,684
4.500%, 04/01/2018   2,300,000 2,670,606
5.500%, 07/18/2017   1,250,000 1,511,970
6.250%, 12/15/2017   2,986,000 3,766,872
 
      68,567,953
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $96,456,924)   $ 101,888,885

 

138

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Disciplined Diversification Trust (continued)
  Shares or   
  Principal   
  Amount  Value
 
WARRANTS - 0.00%      
Compton Petroleum Corp. (Expiration Date:      
08/23/2014, Strike Price: CAD 11.92) (I)   6 17
Promotora de Informaciones SA (Expiration      
Date: 12/31/2020, Strike Price:      
EUR 2.00) (I)   1 0
TOTAL WARRANTS (Cost $3,854)   $ 17
 
RIGHTS - 0.00%      
Banco Bilbao Vizcaya Argentaria SA      
(Expiration Date: 10/20/2011, Strike Price:      
EUR 0.49) (I) 11,678 1,721
Belle Corp. (Expiration Date: 10/26/2011,      
Strike Price: IDR 250) (I) 12,000 96
CaixaBank (Expiration Date: 10/13/2011,      
Strike Price: EUR 1.00) (I)   7,076 578
Celgene Corp. (Expiration Date: 12/31/2030,      
Strike Price: USD 0.01) (I)   600 942
Daewoo Securities Company, Ltd. (Expiration      
Date: 11/01/2011, Strike Price:      
KRW 8,230.00) (I)   729 1,374
Diagnostic & Therapeutic Center of Athens      
Hygeia SA (Expiration Date: 10/18/2011,      
Strike Price: EUR 0.41) (I)   2,326 0
Hong Leong Bank BHD (Expiration Date:      
10/06/2011, Strike Price: MYR 1.00) (I)   560 151
Jeonbuk Bank (Expiration Date: 12/14/2011,      
Strike Price: KRW 5000) (I)   66 0
Sanofi (Expiration Date: 12/31/2020, Strike      
Price: EUR 2.00) (I)   2,354 2,495
TOTAL RIGHTS (Cost $11,057)   $ 7,357
 
SECURITIES LENDING COLLATERAL - 2.81%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y) 895,559 8,960,245
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $8,961,035)   $ 8,960,245
 
SHORT-TERM INVESTMENTS - 0.76%      
Money Market Funds - 0.76%      
State Street Institutional Liquid Reserves      
Fund, 0.0927% (Y) 2,439,207 $ 2,439,207
TOTAL SHORT-TERM INVESTMENTS (Cost $2,439,207) $ 2,439,207
Total Investments (Disciplined Diversification Trust)    
(Cost $298,739,075) - 102.81%   $ 328,076,549
Other assets and liabilities, net - (2.81%)     (8,952,619)
TOTAL NET ASSETS - 100.00%   $ 319,123,930
 
 
 
 
Emerging Markets Value Trust      
  Shares or   
  Principal   
  Amount  Value
 
 
COMMON STOCKS - 94.09%      
Brazil - 10.63%      
Banco Alfa de Investimento SA 35,300 $ 118,652
Banco Santander Brasil SA 17,919 130,753
Banco Santander Brasil SA, ADR 1,195,881 8,753,849
Bematech SA 98,850 211,868
BM&F Bovespa SA 2,958,300 13,829,787
BR Malls Participacoes SA 455,587 4,654,608

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Brazil (continued)    
Brasil Ecodiesel Industria e Comercio de    
Biocombustiveis e Oleos Vegetais SA 334,098 $ 101,282
BRF - Brasil Foods SA, ADR (L) 34,244 600,297
Brookfield Incorporacoes SA 350,100 1,027,817
Camargo Correa    
Desenvolvimento Imobiliario SA 121,650 214,800
Cia Providencia Industria e Comercio SA 50,100 154,543
CR2 Empreendimentos Imobiliarios SA 9,300 30,419
Even Construtora e Incorporadora SA 183,600 522,409
Fertilizantes Heringer SA (I) 21,600 105,688
Fibria Celulose SA, ADR (L) 283,342 2,144,899
Forjas Taurus SA 7,434 7,552
Gafisa SA 362,800 1,036,158
Gafisa SA, ADR (L) 151,219 872,534
General Shopping Brasil SA (I) 14,400 76,586
Gerdau SA 191,900 1,134,917
Gerdau SA, ADR (L) 1,115,434 7,953,044
Gol Linhas Aereas Inteligentes SA, ADR (L) 52,325 290,927
Grendene SA 176,700 728,321
Helbor Empreendimentos SA 11,800 114,219
Industrias Romi SA 111,700 406,344
Inepar SA Industria E Construcoes 13,400 24,943
JBS SA (I) 1,017,702 1,964,770
JHSF Participacoes SA 60,700 130,746
Kroton Educacional SA (I) 24,200 231,028
Log-in Logistica Intermodal SA (I) 123,900 425,685
Magnesita Refratarios SA (I) 353,056 1,136,013
Mahle-Metal Leve SA Industria E Comercio 1,500 32,230
Marfrig Frigorificos e Comercio    
de Alimentos SA 354,847 1,156,874
Metalfrio Solutions SA (I) 21,100 79,563
Minerva SA 33,800 88,623
Paranapanema SA 511,050 1,043,708
Petroleo Brasileiro SA 281,342 3,127,269
Petroleo Brasileiro SA, ADR (L) 721,008 14,939,286
Petroleo Brasileiro SA, ADR, Ordinary Shares 645,690 14,495,741
Positivo Informatica SA 102,700 294,404
Profarma Distribuidora de    
Produtos Farmaceuticos SA 20,000 106,369
Rodobens Negocios Imobiliarios SA 63,500 325,901
Rossi Residencial SA 6,600 30,819
Sao Carlos Empreendimentos    
e Participacoes SA (I) 26,605 309,737
Sao Martinho SA 82,800 882,936
SLC Agricola SA 24,178 201,242
Springs Global Participacoes SA (I) 74,733 152,228
Sul America SA 38,900 331,020
Tereos Internacional SA 8,000 10,169
TPI - Triunfo Participacoes e Investimentos SA 26,210 135,214
Trisul SA 56,446 76,552
Usinas Siderurgicas de Minas Gerais SA 319,300 3,651,084
Viver Incorporadora e Construtora SA (I) 539,950 646,131
 
    91,252,558
Chile - 1.94%    
Cementos Bio-Bio SA 50,384 58,175
Cia General de Electricidad 41,011 180,175
Companhia Sudamericana de Vapores SA 209,693 48,201
Cristalerias de Chile SA 66,213 611,609
Empresas CMPC SA 1,633,410 5,547,905
Empresas Copec SA 107,494 1,282,522
Empresas Iansa SA 1,714,806 115,167
Empresas La Polar SA 179,323 147,006
Enersis SA, ADR 371,730 6,285,954
Gasco SA 130,347 677,258

 

139

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chile (continued)    
Industrias Forestales SA 1,557,243 $ 327,541
Inversiones Aguas Metropolitanas SA 119,379 163,338
Madeco SA (I) 10,353,871 398,494
Masisa SA 4,707,749 407,676
Paz Corp., SA 73,479 27,502
Ripley Corp., SA 281,215 227,288
Socovesa SA 25,000 8,034
Vina San Pedro Tarapaca SA 19,029,176 122,674
 
    16,636,519
China - 8.35%    
361 Degrees International, Ltd. (L) 131,000 60,273
A8 Digital Music Holdings, Ltd. (I) 16,000 1,556
Angang Steel Company, Ltd., Class H 1,318,000 690,419
Anhui Tianda Oil Pipe Company, Ltd. 135,000 20,365
Anton Oilfield Services Group 1,026,000 105,586
Asia Cement China Holdings Corp. 224,000 88,990
Bank of China, Ltd., Class H 49,291,694 15,040,201
Bank of Communications    
Company, Ltd., Class H (I) 7,526,876 4,364,881
Baoye Group Company, Ltd. 376,000 199,057
Beijing Capital Land, Ltd. 1,272,000 222,233
Beijing North Star Company 866,000 124,260
BYD Electronic    
International Company, Ltd. (I) 947,500 230,412
Catic Shenzhen Holdings, Ltd. (I) 138,000 56,803
China Aoyuan Property Group, Ltd. 1,387,000 129,141
China Automation Group, Ltd. 53,000 13,336
China Citic Bank Corp., Ltd. (I) 6,109,775 2,441,647
China Coal Energy Company, Ltd., Series H 2,699,000 2,357,176
China Communications    
Construction Company, Ltd. 4,413,555 2,817,674
China Communications    
Services Corp., Ltd., Class H 2,176,000 982,223
China Construction Bank Corp. (I) 5,224,000 3,117,201
China COSCO Holdings Company, Ltd. 1,376,500 552,491
China Huiyuan Juice Group, Ltd. 1,032,500 270,263
China Minsheng Banking Corp. Ltd. (L) 4,027,000 2,416,199
China National Materials Company, Ltd. 9,000 3,168
China Nickel Resources    
Holding Company, Ltd. (I) 518,000 40,645
China Petroleum & Chemical Corp. 4,167,439 4,013,630
China Petroleum & Chemical Corp., ADR (L) 146,867 14,069,859
China Qinfa Group, Ltd. (I) 80,000 19,895
China Railway Construction Corp. 1,993,165 835,257
China Rare Earth Holdings, Ltd. (I) 1,000,000 184,690
China Resources Microelectronics, Ltd. 2,765,000 170,042
China SCE Property Holdings, Ltd. (I) 32,000 7,224
China Shipping Container    
Lines Company, Ltd. (I) 4,448,150 668,994
China Shipping Development Company, Ltd. 920,000 570,261
China Sunshine Paper Holdings Company, Ltd. 5,000 783
China Zhongwang Holdings, Ltd. (L) 602,800 201,321
Chongqing Iron & Steel Company, Ltd. (I) 654,000 93,928
Chongqing Machinery &    
Electric Company, Ltd. 256,000 35,760
Chu Kong Petroleum & Natural Gas Steel    
Pipe Holdings, Ltd. 32,000 4,840
CPMC Holdings, Ltd. 31,000 10,611
Dalian Port PDA Company, Ltd. 322,000 67,909
Fantasia Holdings Group Company, Ltd. 301,500 23,262
First Tractor Company 24,000 13,832
Fosun International, Ltd. 2,296,500 1,152,314
Fufeng Group, Ltd. 43,000 16,625
Great Wall Technology Company, Ltd. 324,942 64,539

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
China (continued)    
Greentown China Holdings, Ltd. 770,500 $ 355,988
Guangshen Railway Company, Ltd., ADR (L) 35,688 528,539
Guangzhou Automobile Group Company, Ltd. 1,836,415 1,767,387
Guangzhou R&F Properties    
Company, Ltd., Class H (L) 358,000 258,014
Hainan Meilan International    
Airport Company, Ltd. 201,000 120,406
Harbin Power Equipment Company, Ltd. 888,000 729,450
Hidili Industry    
International Development, Ltd. (L) 1,278,000 364,323
Honghua Group, Ltd. (I) 1,182,000 113,091
Hunan Non Ferrous Metal Corp., Ltd. (I) 150,000 34,476
Kaisa Group Holdings, Ltd. (I) 221,000 53,372
Lingbao Gold Company, Ltd. 124,000 51,793
Maanshan Iron & Steel Company, Ltd. 1,866,000 408,428
Metallurgical Corp. of China, Ltd. 696,000 131,421
Peak Sport Products Company, Ltd. 20,000 5,379
Powerlong Real Estate Holdings, Ltd. 234,000 39,352
Qunxing Paper Holdings Company, Ltd. (I) 634,371 168,136
Semiconductor Manufacturing    
International Corp., ADR (I) 140,377 327,078
Semiconductor    
Manufacturing International Corp. (I) 15,570,000 748,787
Shandong Chenming Paper Holdings, Ltd. 335,500 128,802
Shandong Xinhua    
Pharmaceutical Company, Ltd. 92,000 20,986
Shanghai Jin Jiang International Hotels    
Group Company, Ltd. 848,000 99,860
Shanghai Prime Machinery Company, Ltd. 962,000 135,253
Shengli Oil & Gas Pipe Holdings, Ltd. 97,500 7,675
Shui On Land, Ltd. (L) 3,015,745 717,717
Sichuan Xinhua Winshare    
Chainstore Company, Ltd. 641,000 253,468
Sino-Ocean Land Holdings, Ltd. (L) 4,137,624 1,317,217
Sinotrans, Ltd., Class H 2,019,000 392,153
Sinotruk Hong Kong, Ltd. (L) 836,500 473,358
Soho China, Ltd. 2,544,000 1,580,684
SPG Land Holdings, Ltd. (I) 353,625 69,999
Sunny Optical Technology    
Group Company, Ltd. 102,000 17,878
Tiangong International Company, Ltd. 408,000 66,146
Travelsky Technology, Ltd. 1,285,500 562,490
Weiqiao Textile Company 603,000 283,362
Wuyi International    
Pharmaceutical Company, Ltd. 645,000 36,216
Xiamen International Port Company, Ltd. 1,372,000 177,367
Xingda International Holdings, Ltd. 41,000 19,529
Xinjiang Xinxin Mining    
Industry Company, Ltd. 903,000 252,932
Xiwang Sugar Holdings Company, Ltd. (I) 483,717 77,225
Yuzhou Properties Company 108,000 22,603
Zhejiang Glass Company, Ltd. (I) 162,000 51,591
Zhong An Real Estate, Ltd. (I) 801,600 102,680
 
    71,644,387
Czech Republic - 0.34%    
CEZ AS 6,358 245,005
Pegas Nonwovens SA 22,565 529,560
Telefonica O2 Czech Republic AS 6,017 128,353
Unipetrol AS (I)(L) 214,695 2,031,189
 
    2,934,107
Hong Kong - 5.16%    
AMVIG Holdings, Ltd. 494,000 278,548
Asian Citrus Holdings, Ltd. 191,000 88,441

 

140

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Asian Union New Media Group, Ltd. (I) 440,000 $ 4,941
Avic International Holding HK, Ltd. (I) 1,840,152 58,264
Beijing Capital International Airport    
Company, Ltd., Class H 2,612,000 1,051,084
Beijing Development Hong Kong, Ltd. (I) 220,000 33,625
Beijing Enterprises Holdings, Ltd. 522,500 2,614,570
C C Land Holdings, Ltd. 453,000 64,134
Central China Real Estate, Ltd. 531,732 104,667
Centron Telecom International Holdings, Ltd. 272,157 34,830
Chaoda Modern Agriculture Holdings, Ltd. 3,056,474 406,440
China Aerospace International Holdings, Ltd. 1,971,200 142,701
China Agri-Industries Holdings, Ltd. 978,000 600,474
China Chengtong Development Group, Ltd. 526,000 20,161
China Dongxiang Group Company 1,531,000 258,713
China Energine International Holdings, Ltd. (I) 857,853 27,518
China Everbright, Ltd. 998,000 1,040,401
China Glass Holdings, Ltd. 238,000 27,104
China Grand Forestry    
Resources Group, Ltd. (I) 6,636,000 121,857
China Green Holdings, Ltd. (L) 422,627 77,802
China Haidian Holdings, Ltd. 1,124,000 89,996
China High Speed Transmission Equipment    
Group Company, Ltd. 414,000 186,786
China Oil and Gas Group, Ltd. (I) 1,620,000 84,194
China Pharmaceutical Group, Ltd. 1,074,000 256,778
China Properties Group, Ltd. (I) 724,000 165,592
China Resources Land, Ltd. 1,168,000 1,225,819
China South City Holdings Ltd. 378,000 49,729
China Starch Holdings, Ltd. 1,075,000 27,628
China Travel International Investment    
Hong Kong, Ltd. 4,134,000 531,239
China Unicom Hong Kong, Ltd. 4,504,000 9,208,220
China Unicom Hong Kong, Ltd., ADR (L) 214,448 4,374,739
China Vanadium Titano - Magnetite    
Mining Company, Ltd. 65,000 9,947
China Zenith Chemical Group, Ltd. (I) 115,000 4,904
CIMC Enric Holdings, Ltd. (I) 4,000 1,000
Citic Pacific, Ltd. 1,524,000 2,108,457
Citic Resources Holdings, Ltd. (I) 3,528,000 321,739
Coastal Greenland, Ltd. (I) 710,000 27,011
Cosco International Holdings, Ltd. 925,625 322,621
COSCO Pacific, Ltd. 1,546,000 1,713,052
Coslight Technology    
International Group, Ltd. (I) 150,000 36,794
DaChan Food Asia, Ltd. 612,000 122,047
Dynasty Fine Wines Group, Ltd. 330,000 72,750
Franshion Properties China, Ltd. 3,012,000 465,734
FU JI Food & Catering    
Services Holdings, Ltd. (I) 380,000 0
Fushan International Energy Group, Ltd. 2,306,000 749,543
Global Bio-Chem Technology    
Group Company, Ltd. 2,520,000 427,827
Global Sweeteners Holdings, Ltd. (I) 148,000 13,333
Glorious Property Holdings, Ltd. (I) 507,000 66,800
Golden Meditech Holdings, Ltd. (I) 828,000 105,841
Goldlion Holdings, Ltd. 261,000 90,862
Heng Tai Consumables Group, Ltd. 1,821,500 84,555
HKC Holdings, Ltd. 4,298,149 161,076
Hong Kong Energy Holdings, Ltd. (I) 50,628 2,138
Hopson Development Holdings, Ltd. (I)(L) 850,000 478,903
Hua Han Bio-Pharmaceutical Holdings, Ltd. 419,200 77,632
Huscoke Resources Holdings, Ltd. 2,188,000 54,966
Inspur International, Ltd. 2,440,000 61,027
Ju Teng International Holdings, Ltd. 778,000 141,009
Kai Yuan Holdings, Ltd. (I) 2,820,000 57,575

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Kingboard Chemical Holdings, Ltd. 630,525 $ 1,696,382
Kingboard Laminates Holdings, Ltd. 150,500 61,963
Kingway Brewery Holdings, Ltd. 578,000 154,951
KWG Property Holding, Ltd. 1,117,013 404,404
Lai Fung Holdings, Ltd. 4,485,000 106,910
Lee & Man Paper Manufacturing, Ltd. 97,000 32,840
Lijun International    
Pharmaceutical Holding, Ltd. 210,000 19,844
Loudong General Nice Resources    
China Holdings, Ltd. (I) 492,000 46,225
MIN XIN Holdings, Ltd. 116,000 48,482
Mingyuan Medicare    
Development Company, Ltd. (I) 1,100,000 38,300
Minmetals Land, Ltd. 798,000 72,641
Minth Group, Ltd. 4,000 3,563
Nan Hai Corp., Ltd. (I) 27,150,000 109,592
Neo-China Land Group Holdings, Ltd. (I) 521,000 75,814
NetDragon Websoft, Inc. 185,500 91,092
New World China Land, Ltd. 1,556,800 371,346
Nine Dragons Paper Holdings, Ltd. 843,000 411,610
Oriental Ginza Holdings, Ltd. (I) 134,000 7,571
Petroasian Energy Holdings, Ltd. (I) 600,000 10,356
Poly Hong Kong Investment, Ltd. (L) 1,500,453 457,091
Pou Sheng International Holdings, Ltd. (I) 448,000 58,800
Prosperity International Holdings HK, Ltd. 1,320,000 67,227
Qin Jia Yuan Media Services Company, Ltd. 501,064 28,283
Qingling Motors Company, Ltd. 1,054,000 256,502
Real Nutriceutical Group Ltd. 143,000 52,788
REXLot Holdings, Ltd. 2,659,921 160,004
Samson Holding, Ltd. 277,548 27,151
Shanghai Industrial Holdings, Ltd. 620,000 1,730,497
Shanghai Zendai Property, Ltd. (I) 2,530,000 55,938
Shenzhen International Holdings, Ltd. 10,320,000 504,057
Shenzhen Investment, Ltd. 2,476,000 444,628
Shimao Property Holdings, Ltd., GDR 1,805,000 1,313,306
Shougang Concord International    
Enterprises Company, Ltd. 3,828,000 198,232
Silver Grant International 1,072,000 190,918
Sim Technology Group, Ltd. 650,000 47,554
Sino Oil And Gas Holdings, Ltd. (I) 535,000 19,411
Sino Prosper State Gold    
Resources Holdings Ltd. (I) 1,760,000 34,934
Sino Union Petroleum &    
Chemical International, Ltd. (I) 2,560,000 205,954
Sinofert Holdings, Ltd. 2,924,000 749,391
Sinolink Worldwide Holdings, Ltd. (I) 2,292,000 159,872
Sinomedia Holding, Ltd. 92,139 24,201
Sinopec Kantons Holdings, Ltd. 424,000 209,741
Sinotrans Shipping, Ltd. 829,000 181,701
Solargiga Energy Holdings, Ltd. 34,000 3,328
SRE Group, Ltd. 2,806,000 130,353
TAK Sing Alliance Holdings, Ltd. 182,675 13,305
TCC International Holdings, Ltd. 384,000 140,455
TCL Multimedia    
Technology Holdings, Ltd. (I) 877,200 231,943
Texhong Textile Group, Ltd. 14,000 3,017
Tian An China Investment, Ltd. 741,000 382,434
Tianjin Port Development Holdings, Ltd. 480,000 52,938
Tomson Group, Ltd. 386,807 89,735
TPV Technology, Ltd. 339,684 96,745
Truly International Holdings, Ltd. 987,000 95,045
Vodone, Ltd. 104,000 7,562
Wasion Group Holdings, Ltd. 306,000 86,892

 

141

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Yuexiu Property Company, Ltd. 7,105,250 $ 918,547
    44,230,504
Hungary - 0.05%    
Danubius Hotel and Spa PLC (I) 6,805 98,978
Egis Gyogyszergyar Nyrt 4,104 275,500
Fotex Holding SE Company, Ltd. (I) 56,874 76,241
 
    450,719
India - 9.08%    
3i Infotech, Ltd. 18,242 9,552
Aarti Industries, Ltd. 51,087 49,544
Aban Offshore, Ltd. 15,263 108,998
ABG Shipyard, Ltd. 4,051 32,446
Aditya Birla Nuvo, Ltd. 55,261 1,024,242
Ador Welding, Ltd. 8,367 24,764
Aftek, Ltd. (I) 28,740 6,176
Alembic Pharmaceuticals, Ltd. (I) 73,121 45,445
Alembic, Ltd. (I) 73,121 28,028
Allahabad Bank 186,565 593,592
Alok Industries, Ltd. 568,576 213,083
Amtek Auto, Ltd. 146,074 376,558
Anant Raj Industries, Ltd. 4,848 5,507
Andhra Bank 198,888 493,107
Ansal Properties & Infrastructure, Ltd. 30,966 20,077
Apollo Tyres, Ltd. 226,563 254,038
Arvind, Ltd. (I) 104,084 208,019
Ashok Leyland, Ltd. 1,661,394 877,368
Aurobindo Pharma, Ltd. 1,308 3,258
Avaya Global Connect, Ltd. 148 498
Bajaj Auto Finance, Ltd. 14,034 178,489
Bajaj Hindusthan, Ltd. 114,988 88,410
Bajaj Holdings and Investment, Ltd. 49,562 723,879
Balaji Telefilms, Ltd. 15,413 9,531
Balkrishna Industries, Ltd. 225 800
Ballarpur Industries, Ltd. 403,880 213,516
Balmer Lawrie & Company, Ltd. 5,100 62,040
Balrampur Chini Mills, Ltd. 206,266 191,106
Bank of Baroda 57,700 937,415
Bank of India 114,231 726,212
Bank of Maharashtra 152,501 141,462
BEML, Ltd. 14,453 133,957
Bhushan Steel, Ltd. 2,232 14,968
Birla Corp., Ltd. 41,435 278,183
Bombay Burmah Trading Company, Ltd. 3,000 25,424
Bombay Dyeing &    
Manufacturing Company, Ltd. 4,919 36,474
Bombay Rayon Fashions, Ltd. 43,264 242,781
Brigade Enterprises, Ltd. 1,477 1,929
Cairn India, Ltd. (I) 475,630 2,599,205
Canara Bank 89,649 799,693
Central Bank of India 54,446 113,358
Century Textile & Industries, Ltd. 34,929 216,239
City Union Bank, Ltd. 162,675 146,471
Corporation Bank 6,407 54,546
Cranes Software International, Ltd. (I) 13,600 908
Dalmia Bharat Enterprises, Ltd. 12,925 28,507
Dalmia Bharat Sugar & Industries, Ltd. 12,925 4,507
DCM Shriram Consolidated, Ltd. 39,804 37,074
Deccan Chronicle Holdings, Ltd. (I) 18,555 20,639
Deepak Fertilizers    
& Petrochemicals Corp., Ltd. 28,839 96,939
Development Credit Bank, Ltd. (I) 121,079 106,635
Dishman Pharmaceuticals & Chemicals, Ltd. 7,722 8,981
DLF, Ltd. 395,157 1,746,856

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
India (continued)    
Dredging Corp. of India, Ltd. (I) 1,365 $ 6,777
Edelweiss Capital, Ltd. 304,550 170,180
Educomp Solutions, Ltd. 3,867 18,365
EID Parry India, Ltd. 80,296 369,774
Elder Pharmaceuticals, Ltd. 7,799 59,929
Electrosteel Castings, Ltd. 89,970 52,338
Escorts, Ltd. 20,272 28,965
Essel Propack, Ltd. 37,352 26,888
Eveready Industries India, Ltd. 12,000 8,697
Everest Kanto Cylinder, Ltd. 16,675 23,782
Federal Bank, Ltd. 163,534 1,204,096
Finolex Cables, Ltd. 54,200 41,373
Finolex Industries, Ltd. 46,584 60,076
Firstsource Solutions, Ltd. (I) 41,837 9,546
Future Capital Holdings, Ltd. 4,573 12,713
Gammon India, Ltd. 85,633 125,210
Gateway Distriparks, Ltd. 10,919 30,808
Geodesic, Ltd. 106,859 108,586
Gitanjali Gems, Ltd. 56,665 401,020
Graphite India, Ltd. 75,117 111,646
Grasim Industries, Ltd. 28,107 1,383,874
Great Eastern Shipping Company, Ltd. 80,820 410,527
Great Offshore, Ltd. 29,781 74,164
GTL Infrastructure, Ltd. (I) 85,897 20,340
Gujarat Alkalies & Chemicals, Ltd. 24,028 68,027
Gujarat Ambuja Exports, Ltd. 77,000 34,999
Gujarat Narmada Valley    
Fertilizers Company, Ltd. 66,143 118,478
Gujarat State Fertilisers & Chemicals, Ltd. 23,600 211,406
HBL Power Systems, Ltd. 5,099 1,683
HCL Infosystems, Ltd. 126,394 158,036
HEG, Ltd. 12,877 56,227
Heidelbergcement India, Ltd. (I) 4,823 3,419
Hexaware Technologies, Ltd. 304,970 517,216
Himatsingka Seide, Ltd. (I) 28,000 19,087
Hindalco Industries, Ltd. 1,340,282 3,539,477
Hinduja Ventures, Ltd. 5,620 36,166
Hindustan Construction Company, Ltd. 38,026 21,905
Hotel Leela Venture, Ltd. 112,448 81,709
Housing Development    
& Infrastructure, Ltd. (I) 192,927 381,708
ICICI Bank, Ltd. 10,431 183,330
ICICI Bank, Ltd., ADR 234,051 8,126,251
ICSA India, Ltd. 41,569 56,794
IFCI, Ltd. 181,420 112,653
India Cements, Ltd. 258,302 378,362
India Glycols, Ltd. 11,700 29,465
India Infoline, Ltd. 213,160 299,639
Indiabulls Financial Services, Ltd. 240,661 768,490
Indiabulls Real Estate, Ltd. 315,338 465,999
Indiabulls Wholesale Services, Ltd. (I) 39,417 3,300
Indian Bank 70,234 301,618
Indian Hotels Company, Ltd. 151,812 218,812
Indian Overseas Bank 234,477 441,142
Industrial Development Bank of India, Ltd. 267,194 555,694
Infomedia 18, Ltd. (I) 11,000 2,547
Infrastructure Development    
Finance Company, Ltd. 119,156 263,924
ING Vysya Bank, Ltd. 16,192 98,497
Ingersoll-Rand India, Ltd. 17,465 173,842
IVRCL Infrastructures & Projects, Ltd. 311,424 220,488
Jaiprakash Associates, Ltd. 190,956 278,799
Jammu & Kashmir Bank, Ltd. 41,976 683,133
JB Chemicals & Pharmaceuticals, Ltd. 20,800 29,382
JBF Industries, Ltd. 33,505 85,603

 

142

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
India (continued)    
Jet Airways India, Ltd. (I) 6,540 $ 31,301
Jindal Poly Films, Ltd. 1,258 5,169
Jindal Saw, Ltd. 164,858 454,953
Jindal Stainless, Ltd. (I) 44,529 89,733
JK Tyre & Industries, Ltd. 6,013 9,053
JM Financial, Ltd. 37,218 12,545
JSW Energy, Ltd. 117,818 129,543
JSW Steel, Ltd. 122,212 1,462,316
Jubilant Life Sciences, Ltd. 2,669 9,585
Jubilant Organosys, Ltd. 53,395 214,894
Kalpataru Power Transmission, Ltd. 2,595 5,766
Karnataka Bank, Ltd. 180,381 306,245
Karur Vysya Bank, Ltd., Pre-Paid Shares 30,968 233,957
Karuturi Global, Ltd. 69,418 10,925
Kesoram Industries, Ltd. 26,673 70,996
KS Oils, Ltd. (I) 62,402 12,692
Lakshmi Vilas Bank, Ltd. 30,751 60,082
Madhucon Projects, Ltd. 387 554
Madras Cements, Ltd. 36,000 72,502
Maharashtra Seamless, Ltd. 38,253 274,188
Mahindra Lifespace Developers, Ltd. 10,600 64,464
Manaksia, Ltd. 3,292 3,777
Mangalam Cement, Ltd. 14,461 29,882
Mastek, Ltd. (I) 18,261 34,315
McLeod Russel India, Ltd. 69,732 334,820
Mercator Lines, Ltd. (I) 163,169 79,444
Monnet Ispat & Energy, Ltd. 29,947 300,821
Moser Baer India, Ltd. (I) 102,800 44,218
MRF, Ltd. 920 123,640
Mukand, Ltd. 22,832 15,991
Nagarjuna Construction Company, Ltd. 263,914 321,764
Nagarjuna Fertilizers & Chemicals, Ltd. 125,682 59,794
Nahar Spinning Mills, Ltd. 6,600 7,896
National Aluminium Company, Ltd. 70,128 88,421
National Organic Chemical Industries, Ltd. 80,240 25,431
Nava Bharat Ventures, Ltd. 409 1,565
NIIT Technologies, Ltd. 19,226 74,826
NIIT, Ltd. 19,897 17,552
Noida Toll Bridge Company, Ltd. 62,165 30,157
Omaxe, Ltd. (I) 39,716 112,180
Orbit Corp., Ltd. 43,904 28,591
Orchid Chemicals & Pharmaceuticals, Ltd. 37,760 120,254
Orient Paper & Industries, Ltd. 58,165 70,452
Oriental Bank of Commerce 101,465 601,764
Oswal Chemical & Fertilizers (I) 1,896 2,418
Panacea Biotec, Ltd. 19,983 50,717
Parsvnath Developers, Ltd. (I) 76,316 100,616
Patni Computer Systems, Ltd. (I) 122,526 715,832
Patni Computer Systems, Ltd., ADR (I) 3,538 41,253
Peninsula Land, Ltd. 7,362 6,615
Piramal Healthcare, Ltd. 12,656 92,497
Plethico Pharmaceuticals, Ltd. 2,047 15,648
Polaris Software Lab, Ltd. 26,963 72,242
Polyplex Corp., Ltd. 3,400 12,132
Provogue India, Ltd. 43,382 27,686
PSL, Ltd. 10,200 12,022
PTC India, Ltd. 233,522 318,729
Punj Lloyd, Ltd. 165,098 180,668
Raymond, Ltd. 23,286 158,122
REI Agro, Ltd. 21,726 10,826
REI Six Ten Retail, Ltd. 7,680 3,665
Reliance Capital, Ltd. 71,378 451,396
Reliance Communications, Ltd. 685,263 990,886
Reliance Industries, Ltd. 75,161 1,220,073
Reliance Industries, Ltd., GDR (S) 349,881 11,392,125

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
India (continued)    
Reliance Power, Ltd. (I) 449,390 $ 691,445
Rolta India, Ltd. 133,332 221,157
RPG Itochu Finance, Ltd. (I) 535 835
Ruchi Soya Industries, Ltd. 125,412 288,887
Rural Electrification Corp. Ltd. 140,240 489,038
S Kumars Nationwide, Ltd. 78,505 66,617
SEAMEC, Ltd. (I) 10,845 22,518
Sesa Goa, Ltd. 211,905 859,321
Shipping Corp. of India, Ltd. 8,934 14,927
Shiv-Vani Oil & Gas    
Exploration Services, Ltd. 6,058 24,484
Shree Renuka Sugars, Ltd. 52,837 58,971
Sicagen India, Ltd. 5,873 2,144
Sobha Developers, Ltd. 26,739 116,189
Sonata Software, Ltd. 29,000 16,171
South Indian Bank, Ltd. 1,171,770 531,314
SREI Infrastructure Finance, Ltd. 247,892 169,795
SRF, Ltd. 24,910 156,790
State Bank of Bikaner & Jaipur 529 4,259
State Bank of India 64,297 2,489,191
State Bank of India, GDR 435 36,758
Steel Authority of India, Ltd. 364,393 786,522
Sterling Biotech, Ltd. 4,606 6,268
Sterlite Industries India, Ltd., ADR (L) 377,373 3,475,605
Strides Arcolab, Ltd. 7,840 56,233
Sundaram Finance, Ltd. 650 7,069
Suzlon Energy, Ltd. (I) 610,254 445,515
Syndicate Bank, Ltd. 206,951 434,409
Tata Chemicals, Ltd. 96,921 623,153
Tata Communications, Ltd. 31,708 118,178
Tata Communications, Ltd., ADR (L) 9,233 67,955
Tata Investment Corp., Ltd. 6,673 66,597
Tata Steel, Ltd. 290,576 2,446,920
Tata Steel, Ltd., GDR 62 530
Tata Tea, Ltd. 467,750 813,377
Teledata Marine Solutions Pte, Ltd. (I) 23,474 264
Teledata Technology Solutions, Ltd. (I) 23,474 146
Time Technoplast, Ltd. 4,194 5,480
Trent, Ltd. 926 20,396
Triveni Engineering & Industries, Ltd. 21,753 9,456
Triveni Turbine, Ltd. 8,452 9,350
Tube Investments of India, Ltd. 6,380 17,298
Tulip Telecom, Ltd. 11,303 36,453
UCO Bank 85,194 112,486
Uflex, Ltd. 5,434 15,538
Union Bank of India, Ltd. 169,587 838,330
Unitech, Ltd. (I) 631,399 334,146
Unity Infraprojects, Ltd. 5,529 4,944
Usha Martin, Ltd. 154,885 102,904
Vardhman Special Steels, Ltd. 1,620 695
Vardhman Textiles, Ltd. 8,101 31,546
Varun Shipping Company, Ltd. 66,246 25,956
Videocon Industries, Ltd. 105,664 362,158
Vijaya Bank 83,311 90,963
Walchandnagar Industries 2,137 3,907
Welspun Corp, Ltd. 21,748 48,312
Zuari Industries, Ltd. 9,200 105,725
 
    77,869,196
Indonesia - 2.67%    
Adhi Karya Tbk PT 907,000 50,936
AKR Corporindo Tbk PT 1,932,000 517,065
Aneka Tambang Tbk PT 5,349,000 894,299
Asahimas Flat Glass Tbk PT 15,000 12,992
Astra Graphia Tbk PT 606,000 67,601

 

143

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Indonesia (continued)    
Bakrie & Brothers Tbk PT (I) 108,774,489 $ 615,364
Bakrie Sumatera Plantations Tbk PT 17,546,000 552,142
Bakrie Telecom Tbk PT (I) 23,075,500 860,067
Bakrieland Development Tbk PT (I) 43,449,500 541,284
Bank Bukopin Tbk PT 3,551,500 220,967
Bank Danamon Indonesia Tbk PT 3,738,794 1,919,445
Bank Mandiri Tbk PT 989,320 690,890
Bank Negara Indonesia Persero Tbk PT 9,466,881 3,895,335
Bank Pan Indonesia Tbk PT (I) 4,697,397 341,254
Bank Tabungan Negara Tbk PT 2,875,000 385,410
Barito Pacific Tbk PT (I) 1,520,000 141,812
Berlian Laju Tanker Tbk PT (I) 12,881,666 291,231
Bhakti Investama Tbk PT (I) 17,730,000 362,132
Bisi International PT 354,000 39,050
Budi Acid Jaya Tbk PT 1,493,000 39,339
Bumi Serpong Damai Pt 2,983,500 291,919
Central Proteinaprima Tbk PT (I) 16,930,000 102,081
Ciputra Development Tbk PT 16,900,000 949,212
Ciputra Surya Tbk PT 896,000 89,450
Clipan Finance Indonesia Tbk Pt 711,500 33,524
Darma Henwa Tbk PT (I) 13,972,500 115,221
Davomas Abadi Tbk PT (I) 2,465,000 13,817
Elnusa Tbk PT 2,000,000 43,995
Energi Mega Persada Tbk PT (I) 26,444,181 384,416
Gajah Tunggal Tbk PT 1,440,000 399,461
Global Mediacom Tbk PT 6,426,000 594,485
Gozco Plantations Tbk PT 3,219,500 116,867
Holcim Indonesia Tbk PT 955,268 191,400
Indah Kiat Pulp and Paper Corp. Tbk PT (I) 1,586,000 158,564
Indika Energy Tbk PT 1,088,500 270,811
Indofood Sukses Makmur Tbk PT 39,000 21,998
International Nickel Indonesia Tbk PT 3,465,500 1,160,239
Intiland Development Tbk PT (I) 2,880,500 72,987
Japfa Comfeed Indonesia Tbk PT 103,554 49,924
Kawasan Industri Jababeka Tbk PT (I) 9,474,500 144,394
Lippo Karawaci Tbk PT 18,010,293 1,359,846
Matahari Putra Prima Tbk PT 2,803,500 295,605
Medco Energi Internasional Tbk PT 2,465,000 591,076
Media Nusantara Citra Tbk PT 1,815,500 207,944
Mitra International Resources Tbk PT (I) 1,747,000 31,800
Pabrik Kertas Tjiwi Kimia Tbk PT 72,500 16,173
Panin Financial Tbk PT (I) 16,690,500 200,712
Panin Insurance Tbk PT 1,627,000 78,520
Perusahaan Perkebunan London Sumatra    
Indonesia Tbk PT 802,500 183,880
Polychem Indonesia Tbk PT (I) 1,963,500 122,034
Ramayana Lestari Sentosa Tbk PT 2,319,000 178,842
Sampoerna Agro PT 622,500 200,909
Samudera Indonesia Tbk PT 58,500 22,251
Selamat Sempurna Tbk PT 177,000 25,562
Sentul City Tbk PT (I) 9,917,000 276,177
Summarecon Agung Tbk PT 3,404,000 379,960
Suryainti Permata Tbk PT (I) 1,446,000 14,641
Tiga Pilar Sejahtera Food Tbk (I) 508,000 38,020
Timah Tbk PT 2,261,500 441,365
Trias Sentosa Tbk PT 2,019,500 103,879
Trimegah Securities Tbk PT 1,540,500 15,947
Truba Alam Manunggal Engineering PT (I) 11,991,500 67,525
Tunas Baru Lampung Tbk PT 336,500 21,147
Tunas Ridean Tbk PT 3,358,000 249,602
Wijaya Karya PT 2,405,748 132,725
 
    22,899,522
Israel - 0.03%    
Electra Real Estate, Ltd. (I) 1 2

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Israel (continued)    
Mivtach Shamir Holdings, Ltd. 7,750 $ 233,561
 
    233,563
Malaysia - 4.03%    
Affin Holdings BHD 711,300 550,678
Al Aqar KPJ Real Estate Investment Trust 19,983 7,032
Alliance Financial Group BHD 1,285,500 1,314,900
AMDB BHD 110,000 15,340
AMMB Holdings BHD 3,568,362 6,354,374
Ann Joo Resources BHD 252,200 155,080
Asas Dunia BHD 24,000 6,905
Asia Pacific Land BHD (I) 282,100 34,706
Bandar Raya Developments BHD 639,900 390,679
Berjaya Corp. BHD (Kuala Lumpur Exchange) 1,930,300 604,451
Berjaya Media BHD (I) 48,200 6,525
BIMB Holdings BHD 142,900 77,919
Bolton BHD 177,100 41,640
Boustead Holdings BHD 552,160 866,277
Cahya Mata Sarawak BHD 241,600 133,215
Dijaya Corp. BHD 40,900 16,462
DNP Holdings BHD 124,000 58,770
DRB-Hicom BHD 1,194,900 643,010
Eastern & Oriental BHD 337,900 151,900
Eastern Pacific Industrial Corp. BHD (I) 155,600 148,914
ECM Libra Financial Group BHD 542,489 122,341
Esso Malaysia BHD 92,100 96,935
Globetronics Technology BHD 190,440 54,190
Glomac BHD 231,300 105,013
Goldis BHD 306,000 152,846
Hap Seng Consolidated BHD 1,815,120 737,712
Hap Seng Plantations Holdings BHD 617,500 468,436
Hong Leong Credit BHD 309,800 1,052,109
Hong Leong Industries BHD 25,000 30,718
Hunza Properties BHD 113,800 50,668
Hwang-DBS Malaysia BHD 105,200 67,152
IGB Corp. BHD 1,590,043 946,455
IJM Corp. BHD 2,070,980 3,141,646
IJM Land BHD 443,300 262,546
Insas BHD (I) 485,264 65,816
Integrated Logistics BHD 162,855 36,832
Jaks Resources BHD (I) 246,000 39,007
Jaya Tiasa Holdings BHD 63,945 105,197
K&N Kenanga Holdings BHD (I) 323,600 54,765
Karambunai Corp. BHD (I) 1,978,300 76,471
Keck Seng BHD 222,300 255,572
Kian Joo Can Factory BHD 290,000 161,942
Kim Loong Resources BHD 29,400 17,987
Kinsteel BHD 561,400 85,235
KLCC Property Holdings BHD 796,400 791,695
KSL Holdings BHD 267,333 112,907
KUB Malaysia BHD 534,400 87,612
Kulim Malaysia BHD 989,600 1,017,600
Kumpulan Hartanah Selangor BHD (I) 410,800 28,779
Kwantas Corp. BHD 56,000 30,969
Land & General BHD (I) 163,200 14,386
Landmarks BHD (I) 384,900 115,182
LBS Bina Group BHD 210,000 43,566
Leader Universal Holdings BHD (I) 540,100 118,964
Lion Corp. BHD (I) 549,100 29,717
Lion Industries Corp. BHD 736,100 307,828
MAA Holdings BHD (I) 133,400 20,387
Malaysia Airports Holdings 180,200 292,439
Malaysian Pacific Industries BHD 9,375 8,804
MBM Resources BHD 60,500 55,698
Mega First Corp. BHD 163,700 73,726

 

144

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Malaysia (continued)    
MISC BHD 17,400 $ 31,800
MK Land Holdings BHD (I) 632,500 51,695
MMC Corp. BHD 1,118,700 897,559
MNRB Holdings BHD 10,000 8,861
Muhibbah Engineering M BHD 495,300 154,216
Mulpha International BHD (I) 2,622,700 284,380
Naim Holdings BHD 198,100 103,231
Nylex Malaysia BHD 81,463 12,585
Oriental Holdings BHD 549,620 765,105
OSK Holdings BHD 881,950 426,324
Panasonic Manufacturing Malaysia BHD 48,200 293,298
PBA Holdings BHD 32,000 9,431
PJ Development Holdings BHD 258,900 53,242
PPB Group BHD 729,200 3,778,190
Protasco BHD 172,400 51,081
Proton Holdings BHD 422,800 363,186
Ranhill BHD 372,100 104,825
Scientex, Inc. BHD 51,000 34,361
Scomi Group BHD (I) 1,708,300 141,152
Selangor Dredging BHD 326,900 66,228
Selangor Properties BHD 105,000 107,031
Shangri-La Hotels BHD 101,900 76,290
Shell Refining Company Federation of    
Malaya BHD 161,700 478,742
SHL Consolidated BHD 172,300 62,066
Sunway BHD (I) 898,722 532,055
Suria Capital Holdings BHD 237,900 102,210
Symphony House BHD (I) 74,426 2,090
TA Ann Holdings BHD 459,792 605,696
TA Enterprise BHD 1,903,200 319,051
TA Global BHD 1,233,900 111,201
TDM BHD 160,500 133,477
Tebrau Teguh BHD (I) 316,000 63,102
Time.com BHD (I) 1,734,500 244,055
Tradewinds Corp. BHD 398,400 87,722
Tradewinds Malaysia BHD 57,000 135,398
TSH Resources BHD 7,300 6,691
Unisem M BHD 601,680 189,802
United Malacca BHD 97,800 198,331
VS Industry BHD 166,770 65,760
WTK Holdings BHD 368,500 132,352
YNH Property BHD 662,715 347,685
YTL Corp. BHD 66,500 27,451
Zelan BHD (I) 227,600 19,689
 
    34,595,324
Mexico - 5.00%    
Alfa SAB de CV 418,000 4,295,001
Alsea SAB de CV 374,150 272,483
Arca Continental SAB de CV 364,214 1,507,442
Axtel SAB de CV (I) 982,700 357,836
Bolsa Mexicana de Valores SAB de CV 511,600 706,434
Carso Infraestructura y Construccion    
SAB de CV (I) 157,200 79,346
Cemex SAB de CV, ADR (I)(L) 1,263,420 3,992,407
Cia Minera Autlan SAB de CV 7,200 7,694
Coca-Cola Femsa SAB de CV, ADR 30,306 2,689,051
Coca-Cola Femsa SAB de CV, Series L 15,695 139,200
Consorcio ARA SAB de CV 1,418,400 401,942
Controladora Comercial Mexicana    
SAB De CV (I) 8,000 10,677
Corporacion GEO SAB de CV (I) 793,874 1,026,370
Desarrolladora Homex SAB de CV (I) 153,600 346,663
Desarrolladora Homex SAB    
de CV, ADR (I)(L) 9,800 132,300

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Mexico (continued)    
Empresas ICA SAB de CV (I) 220,900 $ 245,136
Empresas ICA SAB de CV, ADR (I)(L) 198,467 881,193
GMD Resorts SAB de CV (I) 68,200 19,671
Gruma SAB de CV, ADR (I) 3,214 22,755
Gruma SAB de CV, Class B (I) 301,800 525,543
Grupo Aeroportuario del Centro Norte    
SAB de CV 281,000 452,649
Grupo Aeroportuario del Centro Norte SAB    
de CV, ADR (L) 4,057 52,700
Grupo Aeroportuario del Pacifico SAB    
de CV, ADR 81,585 2,709,438
Grupo Aeroportuario del Sureste SAB    
de CV, ADR 30,747 1,528,741
Grupo Aeroportuario del Sureste SAB    
de CV, Class B 28,700 142,502
Grupo Carso SAB de CV 1,110,125 2,577,507
Grupo Cementos de Chihuahua SAB de CV (I) 35,500 98,551
Grupo Famsa SAB de CV (I) 357,718 278,571
Grupo Financiero Banorte SAB de CV 2,397,900 7,087,304
Grupo Financiero Inbursa SA 532,400 890,248
Grupo Industrial Maseca SAB de CV (I) 53,900 50,525
Grupo Industrial Saltillo SAB de CV (I) 94,000 75,100
Grupo Kuo SAB de CV (I) 164,000 182,111
Grupo Mexicano de Desarrollo SAB de CV (I) 68,200 37,374
Grupo Simec SAB de CV (I) 219,500 443,164
Industrias Bachoco SAB de CV, ADR 150 3,371
Industrias CH SAB de CV (I) 265,600 752,458
Inmuebles Carso SAB de CV, Class B1 (I) 1,110,125 810,874
Maxcom Telecomunicaciones SAB de CV (I) 85,000 17,039
Minera Frisco SAB de CV, Class A1 (I) 781,789 2,666,384
Organizacion Soriana SAB de CV (I) 1,587,300 3,227,604
Qualitas Compania de Seguros SA de CV (I) 318,900 232,016
Sare Holding SAB de CV, Class B (I) 437,200 52,646
Urbi Desarrollos Urbanos SAB de CV (I) 662,000 892,153
 
    42,920,174
Philippines - 0.72%    
Empire East Land Holdings, Inc. (I) 2,990,000 39,797
Filinvest Development Corp. 900,236 78,787
Filinvest Land, Inc. 18,335,500 456,536
First Philippine Holdings Corp. 427,000 525,636
JG Summit Holdings Inc. 33,000 15,919
Lopez Holdings Corp. 3,257,000 324,794
Megaworld Corp. 19,138,800 729,167
Metropolitan Bank & Trust Company 111,411 166,372
Pepsi-Cola Products Philippines, Inc. (I) 100,000 4,827
Philippine National Bank (I) 362,200 383,554
Rizal Commercial Banking Corp. 602,800 438,648
Robinsons Land Corp. 3,128,100 803,056
San Miguel Corp. 497,220 1,314,199
Security Bank Corp. 110,912 219,776
Union Bank of Philippines 214,600 289,004
Vista Land & Lifescapes, Inc. 5,803,000 399,717
 
    6,189,789
Poland - 1.69%    
Agora SA 77,712 300,453
Asseco Poland SA 62,666 759,228
Bank BPH SA (I) 3,778 52,903
Bank Millennium SA 296,783 403,453
Bioton SA (I) 4,546,178 109,294
Bomi SA (I) 17,357 21,684
Ciech SA (I) 32,747 131,826
Comarch SA (I) 1,802 28,342
Dom Maklerski IDM SA (I) 148,572 63,083

 

145

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Poland (continued)    
Echo Investment SA (I) 534,956 $ 578,971
Emperia Holding SA 2,613 76,511
Enea SA 34,759 167,602
Energomontaz Poludnie SA (I) 231 174
Fabryki Mebli Forte SA 23,417 54,195
Farmacol SA (I) 10,785 73,145
Firma Oponiarska Debica SA 7,768 127,838
Gant Development SA (I) 4,513 9,832
Grupa Kety SA 17,839 515,547
Grupa Lotos SA (I) 99,148 743,183
Hydrobudowa Polska SA (I) 41,353 8,608
Impexmetal SA 98,393 103,995
Koelner Sakoelner SA (I) 3,500 13,330
Kopex SA (I) 61,117 337,694
Kredyt Bank SA 46,402 171,916
LC Corp. SA (I) 155,767 46,357
MCI Management SA (I) 32,259 36,284
Mostostal-Export SA (I) 22,710 4,858
Netia SA (I) 324,551 484,068
Orbis SA (I) 46,258 511,618
PBG SA 6,177 103,784
Pekaes SA 6,380 11,417
Petrolinvest Sapetrolinvest SA (I) 50,401 45,908
Polimex-Mostostal SA 161,841 63,918
Polnord SA 19,758 69,429
Polska Grupa Energetyczna SA 486,297 2,832,799
Polski Koncern Miesny Duda    
Sapkm Duda SA (I) 61,515 11,372
Polski Koncern Naftowy Orlen SA (I) 472,808 5,169,479
Sygnity SA (I) 6,918 32,252
Zaklady Azotowe Pulawy SA 5,389 139,354
Zaklady Azotowe w    
Tarnowie-Moscicach SA (I) 12,262 114,712
 
    14,530,416
Russia - 5.07%    
Gazprom OAO, ADR 783,165 7,479,226
Gazprom OAO, ADR (London Exchange) 3,027,634 28,960,694
Lukoil OAO, ADR 107,569 5,415,185
Magnitogorsk Iron & Steel Works 36,849 176,249
RusHydro, ADR 126,047 433,602
Surgutneftegaz, ADR 2,174 17,353
Surgutneftegaz, ADR (London Exchange) 130,290 1,035,806
 
    43,518,115
South Africa - 8.90%    
ABSA Group, Ltd. 383,490 6,361,727
Adcorp Holdings, Ltd. 20,914 64,256
Aeci, Ltd. 98,499 902,947
Afgri, Ltd. 373,953 265,335
Allied Electronics Corp., Ltd. 62,999 200,638
Argent Industrial, Ltd. 113,274 96,612
Aveng, Ltd. 442,348 1,884,557
Barloworld, Ltd. 265,047 1,973,197
Basil Read Holdings, Ltd. 36,217 60,531
Bell Equipment, Ltd. (I) 34,158 62,493
Blue Label Telecoms, Ltd. 8,734 5,476
Caxton & CTP Publishers & Printers, Ltd. 185,300 332,557
Ceramic Industries, Ltd. 1,970 25,618
Cipla Medpro South Africa, Ltd. 411,123 342,419
DataTec, Ltd. 255,498 1,199,335
DRDGOLD, Ltd. 81,220 41,937
Eqstra Holdings, Ltd. 194,239 174,253
Gold Fields, Ltd. 3,784 58,174
Gold Fields, Ltd., ADR 863,100 13,222,692

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Africa (continued)    
Grindrod, Ltd. 607,680 $ 1,128,822
Group Five, Ltd. 70,987 226,035
Harmony Gold Mining    
Company, Ltd., ADR (L) 532,185 6,242,530
Hudaco Industries, Ltd. 17,551 168,074
Hulamin, Ltd. (I) 110,075 101,184
Iliad Africa, Ltd. 124,370 76,843
Investec, Ltd. 318,380 1,733,847
JD Group, Ltd. 204,241 963,618
Kap International Holdings, Ltd. 189,283 56,206
Lewis Group, Ltd. 97,828 845,368
Liberty Holdings, Ltd. 151,704 1,497,925
Merafe Resources, Ltd. 2,241,497 271,597
Metair Investments, Ltd. 163,437 321,696
Metorex, Ltd. (I) 13,716 13,563
Mittal Steel South Africa, Ltd. 119,416 873,044
Mondi Ltdmondi Ltd. 145,980 1,034,706
Mondi Packaging South Africa, Ltd. (I) 147,512 240,250
Murray & Roberts Holdings, Ltd. (I) 85,411 273,692
Mvelaphanda Group, Ltd. (I) 618,180 255,800
Mvelaserve, Ltd. (I) 154,755 210,205
Nedbank Group, Ltd. 282,400 4,773,175
Northam Platinum, Ltd. 172,740 703,180
Nu-World Holdings, Ltd. 19,436 43,328
Omnia Holdings, Ltd. (I) 57,918 541,588
Peregrine Holdings, Ltd. 95,789 118,313
Petmin, Ltd. 101,536 33,233
PSG Group, Ltd. 43,976 250,081
Raubex Group, Ltd. 49,180 79,713
Sanlam, Ltd. 2,560,368 8,536,788
Sappi, Ltd. (I) 209,428 617,311
Sappi, Ltd., ADR (I) 156,861 476,857
Sentula Mining, Ltd. (I) 262,338 76,310
Standard Bank Group, Ltd. 827,705 9,485,646
Stefanutti Stocks Holdings, Ltd. 41,189 56,570
Steinhoff International Holdings, Ltd. (I) 1,769,103 4,901,984
Super Group, Ltd. (I) 1,917,354 199,553
Telkom SA, Ltd. 271,496 1,074,419
Telkom SA, Ltd., ADR 3,000 48,360
Tiger Wheels, Ltd. (I) 32,678 0
Trans Hex Group, Ltd. (I) 44,790 17,973
Trencor, Ltd. 89,164 370,907
Value Group, Ltd. 178,661 81,046
Village Main Reef, Ltd. (I) 344,988 71,821
Zeder Investments, Ltd. 46,808 14,007
 
    76,381,922
South Korea - 14.28%    
Aekyung Petrochemical Company, Ltd. 5,080 112,999
Artone Paper Manufacturing Company, Ltd. (I) 3,860 5,805
Asia Cement Company, Ltd. 3,240 95,915
Asia Paper Manufacturing Company, Ltd. 1,600 11,450
AUK Corp. 17,050 32,171
BNG Steel Company, Ltd. (I) 7,680 81,814
Bookook Securities Company, Ltd. 4,950 70,317
Boryung Pharmaceutical Company, Ltd. 3,676 51,957
BS Financial Group, Inc. (I) 185,010 2,025,408
BYC Company, Ltd. 240 29,499
Byucksan Corp. (I) 1,980 33,085
Byucksan Engineering &    
Construction Company, Ltd. (I) 7,600 6,348
Chin Hung International, Inc. (I) 215,526 32,475
Choil Aluminum    
Manufacturing Company, Ltd. 1,630 11,274
Chokwang Leather Company, Ltd. 2,200 16,669

 

146

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Choongwae Pharma Corp. 6,159 $ 78,816
Chosun Refractories Company, Ltd. 1,708 85,772
Chungho Comnet Company, Ltd. (I) 2,270 7,877
CJ Corp. 17,422 1,150,194
Cosmochemical Company, Ltd. (I) 3,570 46,059
D.I. Corp 12,000 11,434
Dae Chang Industrial Company, Ltd. 43,270 42,071
Dae Dong Industrial Company, Ltd. 9,000 25,829
Dae Han Flour Mills Company, Ltd. 1,232 141,445
Dae Won Kang Up Company, Ltd. 1,907 7,557
Daeduck Electronics Company, Ltd. 3,180 18,010
Daeduck GDS Company, Ltd. 12,540 78,740
Daehan Steel Company, Ltd. 9,250 43,637
Daehan Synthetic Fiber Company, Ltd. 486 31,591
Daekyo Company, Ltd. 44,550 226,301
Daelim Industrial Company, Ltd. 32,582 2,607,244
Daelim Trading Company, Ltd. 1,417 4,836
Daesang Corp. 18,550 192,428
Daesang Holdings Company, Ltd. 8,320 25,844
Daesung Group Holdings Company, Ltd. 525 23,654
Daesung Holdings Company, Ltd. 8,110 46,568
Daesung Industrial Company, Ltd. 2,959 70,896
Daewon Pharmaceutical Company, Ltd. 5,330 24,916
Daewoo Securities Company, Ltd. 74,620 645,885
Daewoong Company, Ltd. 620 7,858
Dahaam E-Tec Company, Ltd. 2,630 38,283
Daishin Securities Company, Ltd. 53,530 454,698
Daiyang Metal Company, Ltd. (I) 6,490 5,310
Daou Technology, Inc. 26,120 204,242
DGB Financial Group, Inc. (I) 146,510 1,699,082
Digital Power Communications Company, Ltd. 13,000 14,444
Dong Ah Tire & Rubber Company, Ltd. 10,970 85,402
Dong Wha Pharmaceutical Company, Ltd. 16,190 60,312
Dong-Il Corp. 673 30,759
Dongbang Transport Logistics Company, Ltd. 5,500 16,128
Dongbu Corp. 12,860 51,473
Dongbu HiTek Company, Ltd. (I) 26,970 153,791
Dongbu Securities Company, Ltd. 32,430 105,189
Dongbu Steel Company, Ltd. 23,705 119,750
Dongil Industries Company, Ltd. 1,340 63,831
Dongil Rubber Belt Company, Ltd. 8,421 36,603
Dongkuk Steel Mill Company, Ltd. 42,070 785,877
Dongwon F&B Company, Ltd. 1,080 49,381
Dongwon Systems Corp. (I) 8,210 7,049
Dongyang Engineering & Construction Corp. 1,044 5,709
Doosan Industrial Development Company, Ltd. 35,052 107,911
DPI Holdings Company, Ltd. 5,790 33,625
Eugene Investment &    
Securities Company, Ltd. (I) 45,730 123,002
F&F Company, Ltd. 4,900 28,401
Fursys, Inc. 4,452 96,202
Gaon Cable Company, Ltd. 2,934 38,205
Global & Yuasa Battery Company, Ltd. 370 10,751
Golden Bridge Investment &    
Securities Company, Ltd. 17,880 17,518
Gwangju Shinsegae Company, Ltd. 1,111 157,176
Hae In Corp. 1,756 6,377
Halla Engineering & Construction Corp. 14,352 162,195
Han Kuk Carbon Company, Ltd. 8,620 30,282
Hana Financial Group, Inc. 267,845 7,783,838
Handok Pharmaceuticals Company, Ltd. 1,320 13,784
Handsome Company, Ltd. 7,460 156,877
Hanil Cement Manufacturing Company, Ltd. 6,209 218,614
Hanil Construction Company, Ltd. (I) 1,456 2,991

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Hanjin Heavy Industries &    
Construction Company, Ltd. (I) 38,143 $ 534,179
Hanjin Heavy Industries & Construction    
Holdings Company, Ltd. 14,860 84,947
Hanjin Shipping Company, Ltd. 43,030 371,206
Hanjin Shipping Holdings Company, Ltd. 6,150 37,926
Hanjin Transportation Company, Ltd. 11,210 229,752
Hankook Cosmetics Company, Ltd. (I) 4,992 7,161
Hankook Cosmetics    
Manufacturing Company, Ltd. 688 1,801
Hankuk Glass Industries, Inc. 1,970 41,862
Hankuk Paper Manufacturing Company, Ltd. 3,920 63,760
Hanmi Holdings Company, Ltd. (I) 567 10,347
Hanmi Semiconductor Company, Ltd. 8,570 37,890
Hanshin Construction Company, Ltd. 3,090 22,078
Hansol CSN Company, Ltd. 23,490 22,223
Hansol Paper Company, Inc. 40,470 254,710
Hanwha Corp. 36,370 1,018,874
Hanwha Securities Company, Ltd. 58,320 241,864
Hanwha Timeworld Company, Ltd. 2,650 48,310
Hanyang Securities Company, Ltd. 11,820 61,027
Heung-A Shipping Company, Ltd. 17,782 9,863
Hite Holdings Company, Ltd. 7,640 64,410
HMC Investment Securities Company, Ltd. (I) 17,256 187,128
HS R&A Company, Ltd. 2,470 30,492
Husteel Company, Ltd. 6,110 89,280
Hwacheon Machine Tool Company, Ltd. 940 37,637
HwaSung Industrial Company, Ltd. (I) 2,730 6,076
Hyosung Corp. 21,955 1,010,664
Hyundai Cement Company, Ltd. (I) 6,160 29,783
Hyundai Development Company 68,610 957,527
Hyundai Mipo Dockyard Company, Ltd. 12,693 1,094,461
Hyundai Pharmaceutical    
Industrial Company, Ltd. 15,500 16,260
Hyundai Securities Company, Ltd. 141,746 1,117,361
Hyundai Steel Company 28,861 2,107,782
Il Dong Pharmaceutical Company, Ltd. 10,050 64,119
Iljin Electric Company, Ltd. 2,300 8,954
Iljin Holdings Company, Ltd. 24,771 41,353
Ilshin Spinning Company, Ltd. 737 48,691
Ilsung Pharmaceutical Company, Ltd. 1,895 109,993
Industrial Bank of Korea 208,787 2,347,893
Inzi Controls Company, Ltd. 6,050 32,196
IS Dongseo Company, Ltd. 13,170 90,794
ISU Chemical Company, Ltd. 7,460 144,223
Jahwa Electronics Company, Ltd. 15,120 89,172
Jeil Mutual Savings Bank (I) 1,820 2,070
Jeil Pharmaceutical Company 13,980 136,141
Jeonbuk Bank, Ltd. 47,387 198,645
Jinheung Mutual Savings    
Bank Company, Ltd. (I) 36,500 65,312
Jinro, Ltd. 5,676 120,818
Joongang Construction Company, Ltd. (I) 1,260 1,193
KB Financial Group, Inc. 62,198 2,031,358
KB Financial Group, Inc., ADR (L) 341,648 11,192,388
KC Tech Company, Ltd. 4,200 14,866
KCC Corp. 5,518 1,029,394
KCTC 1,530 22,432
Keangnam Enterprises, Ltd. (I) 8,628 71,262
Keyang Electric Machinery Company, Ltd. 13,000 28,990
KG Chemical Corp. 5,600 29,494
KIC, Ltd. (I) 6,540 10,324
KISCO Corp. 3,841 72,852
KISCO Holdings Company, Ltd. 778 21,038
Kishin Corp. 8,229 32,180

 

147

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
KISWIRE, Ltd. 4,735 $ 189,878
Kleannara Company, Ltd. (I) 820 2,693
Kolon Corp. 1,959 36,733
Kolon Engineering &    
Construction Company, Ltd. (I) 19,480 74,693
Korea Airport Service Company, Ltd. 2,720 72,127
Korea Cast Iron Pipe Industries Company, Ltd. 5,500 14,276
Korea Circuit Company, Ltd. (I) 5,300 15,846
Korea Development Corp. (I) 5,485 14,090
Korea Development Financing Corp. 1,395 24,307
Korea Electric Terminal Company, Ltd. 5,770 94,914
Korea Exchange Bank 325,730 1,912,321
Korea Express Company, Ltd. (I) 8,268 459,359
Korea Flange Company, Ltd. 4,810 53,452
Korea Green Paper    
Manufacturing Company, Ltd. (I) 3,243 2,952
Korea Investment Holdings Company, Ltd. 44,860 1,289,212
Korea Life Insurance Company Ltd. 52,280 238,744
Korea Line Corp. (I) 10,622 78,621
Korea Mutual Savings Bank (I) 2,320 9,540
Korea United Pharm, Inc. 2,050 9,822
KPX Chemcial Company, Ltd. 933 40,314
KPX Fine Chemical Company, Ltd. 510 10,897
KTB Network Corp. (I) 55,710 118,764
Kukdo Chemical Company, Ltd. 764 24,980
Kumho Electric Company, Ltd. 2,015 32,856
Kumho Industrial Company, Ltd. (I) 5,973 29,352
Kumho Investment Bank (I) 160,570 55,908
Kumkang Industrial Company, Ltd. 1,400 13,224
Kunsul Chemical Industrial Company, Ltd. 1,970 21,345
Kwang Dong Pharmaceutical Company, Ltd. 51,130 127,547
Kyeryong Construction    
Industrial Company, Ltd. 6,260 78,309
Kyobo Securities Company, Ltd. 12,618 46,790
Kyung Nong Corp. 9,470 22,498
Kyung-In Synthetic Corp. 7,860 16,415
Kyungbang, Ltd. 1,042 84,251
Lee Ku Industrial Company, Ltd. 8,395 10,066
LG Corp. 12,738 634,973
LG Display Company, Ltd., ADR (L) 517,007 4,213,607
LG Electronics, Inc. 116,453 6,660,418
LG Hausys, Ltd. 4,109 233,141
LG Innotek Company, Ltd. 6,660 354,224
LG Uplus Corp. 263,010 1,407,414
Livart Furniture Company, Ltd. 1,200 7,823
Lotte Chilsung Beverage Company, Ltd. 825 814,400
Lotte Confectionery Company, Ltd. 833 1,068,470
Lotte Samkang Company, Ltd. 924 232,753
Lotte Shopping Company, Ltd. 12,948 4,328,923
Manho Rope & Wire, Ltd. 1,350 17,666
Meritz Securities Company, Ltd. 230,139 143,113
Mi Chang Oil Industrial Company, Ltd. 905 34,835
Mirae Asset Securities Company, Ltd. 22,250 525,031
Moorim P&P Company, Ltd. 29,420 126,777
Moorim Paper Company, Ltd. 13,820 31,458
Motonic Corp. 6,055 34,716
Namkwang Engineering &    
Construction Company, Ltd. (I) 17,170 20,341
Namyang Dairy Products Company, Ltd. 559 365,047
National Plastic Conpc 2,860 5,376
Nexen Corp. 1,516 113,633
NH Investment & Securities Company, Ltd. 24,969 100,516
Nong Shim Company, Ltd. 2,041 364,479
Nong Shim Holdings Company, Ltd. 2,560 109,004
Ottogi Corp. 876 93,650

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Pacific Corp. 3,745 $ 732,157
Pang Rim Company, Ltd. (I) 910 7,892
PaperCorea, Inc. (I) 70,940 32,912
Poonglim Industrial Company, Ltd. (I) 3,790 4,738
Poongsan Corp. 1,190 25,155
Poongsan Holdings Corp. 5,382 118,545
POSCO 13,900 4,273,584
POSCO Coated & Color Steel Company, Ltd. 4,050 62,251
POSCO, ADR (L) 35,796 2,720,854
Pulmuone Company, Ltd. 620 15,990
Pumyang Construction Company, Ltd. (I) 1,411 1,655
Pusan City Gas Company, Ltd. 7,300 115,742
S&T Daewoo Company, Ltd. 5,310 145,418
S&T Dynamics Company, Ltd. 24,980 294,461
S&T Holdings Company, Ltd. 11,230 101,393
Saeron Automotive Corp. 5,550 18,844
Sam Lip General Foods Company, Ltd. 2,300 22,713
Sam Young Electronics Company, Ltd. 10,510 69,933
Sam Yung Trading Company, Ltd. 4,459 22,810
Sambu Construction Company, Ltd. 5,132 26,041
Samhwa Paint Industrial Company, Ltd. 5,090 14,130
Samick Musical Instruments Company, Ltd. 24,370 30,202
Samjin Pharmaceutical Company, Ltd. 2,250 14,354
Samsung SDI Company, Ltd. 39,287 3,773,858
Samwhan Corp. 6,280 32,438
Samyang Corp. 6,510 436,104
Samyang Genex Company, Ltd. 2,270 109,577
Samyang Tongsang Company, Ltd. 1,360 25,733
SAVEZONE I&C Corp. (I) 16,880 34,708
SBS Media Holdings Company, Ltd. (I) 35,780 129,991
SeAH Holdings Corp. 1,122 115,210
SeAH Steel Corp. 2,835 157,280
Sebang Company, Ltd. 11,820 135,446
Seowon Company, Ltd. 1,920 6,315
SG Corp. (I) 84,000 16,386
SH Chemical Company, Ltd. (I) 30,567 7,040
Shell-line Company, Ltd. 4,300 15,633
Shin Poong Pharmaceutical Company, Ltd. 19,260 57,605
Shinhan Engineering &    
Construction Company, Ltd. (I) 6,016 19,295
Shinhan Financial Group    
Company, Ltd., ADR (L) 195,168 13,357,298
Shinhan Financial Group Company, Ltd. 134,887 4,717,047
Shinil Engineering Company, Ltd. (I) 3,180 8,674
Shinsegae Engineering &    
Construction Company, Ltd. 700 8,056
Shinsegae Information &    
Communication Company, Ltd. 1,038 41,488
Shinsung FA Company, Ltd. 1,950 3,277
Shinsung Tongsang Company, Ltd. 24,560 11,258
Shinwon Corp. 27,180 26,949
Shinyoung Securities Company, Ltd. 5,296 120,980
Silla Company, Ltd. 5,476 58,617
Sindoh Company, Ltd. 3,959 159,428
SJM Company, Ltd. 4,902 17,163
SJM Holdings Company, Ltd. 2,999 6,890
SK Gas Company, Ltd. 2,870 170,625
SK Holdings Company, Ltd. 35,524 3,950,214
SK Networks Company, Ltd. 118,827 1,073,732
SK Securities Company, Ltd. 135,360 124,056
Solomon Mutual Savings Bank (I) 3,600 5,630
Ssangyong Cement    
Industrial Company, Ltd. (I) 20,770 76,421
STX Corp. 34,400 413,006
STX Pan Ocean Company, Ltd. 112,020 712,112

 

148

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Suheung Capsule Company, Ltd. 2,800 $ 27,899
Sung Bo Chemicals Company, Ltd. 950 18,175
Sungshin Cement Company, Ltd. (I) 15,480 37,274
Sunjin Company, Ltd. (I) 4,662 29,680
Sunjin Holdings Company, Ltd. (I) 793 13,672
Tae Kyung Industrial Company, Ltd. 10,000 23,299
Taegu Department Store Company, Ltd. 9,340 133,267
Taekwang Industrial Company, Ltd. 444 438,236
Taeyoung Engineering & Construction, Ltd. 55,620 287,607
Taihan Textile Company, Ltd. (I) 290 6,065
Tailim Packaging Industrial Company, Ltd. 30,000 28,431
TCC Steel 4,720 20,191
Tec & Company (I) 35,280 5,493
TEEMS (I) 774 7,397
Telcoware Company, Ltd. 3,800 22,580
Tong Yang Investment Bank 75,161 284,495
Tong Yang Major Corp. (I) 14,470 12,497
Tong Yang Moolsan Company, Ltd. 1,510 21,075
TS Corp. 5,232 99,798
Uangel Corp. 3,800 12,214
Unid Company, Ltd. 1,621 78,173
Union Steel 8,940 123,375
Wiscom Company, Ltd. 3,760 12,395
Woongjin Holdings Company, Ltd. (I) 39,346 200,144
Woori Finance Holdings Company, Ltd. 416,257 3,416,256
Woori Finance Holdings Company, Ltd., ADR 100 2,534
Woori Financial Company, Ltd. 5,310 72,133
Woori Investment & Securities Company, Ltd. 95,320 878,915
YESCO Company, Ltd. 1,950 39,563
Yoosung Enterprise Company, Ltd. 6,386 12,415
Youlchon Chemical Company, Ltd. 19,470 132,354
Young Poong Corp. 513 448,410
Young Poong Paper    
Manufacturing Company, Ltd. 650 7,562
YuHwa Securities Company, Ltd. 3,410 38,401
 
    122,512,669
Taiwan - 12.02%    
AcBel Polytech, Inc. 95,000 39,653
Accton Technology Corp. 687,722 300,521
Acer, Inc. 1,589,000 1,927,089
Achem Technology Corp. 105,575 41,994
Action Electronics Company, Ltd. 190,923 57,111
AGV Products Corp. (I) 568,100 172,566
Alpha Networks, Inc. 150,000 98,353
Altek Corp. (I) 156,000 155,233
AMPOC Far-East Company, Ltd. 86,993 53,055
AmTRAN Technology Company, Ltd. 47,185 25,345
APCB, Inc. 25,000 19,006
Apex Science & Engineering 6,489 1,654
Arima Optoelectronics Corp. (I) 63,750 9,769
Asia Cement Corp. 1,957,818 2,015,083
Asia Optical Company, Inc. (I) 139,000 150,199
Asia Vital Components Company Ltd. 124,298 76,381
AU Optronics Corp., ADR (L) 904,460 3,581,662
Audix Corp. 81,200 67,785
Aurora Systems Corp. 127,000 129,899
Avermedia Technologies, Inc. 32,000 27,416
Avision, Inc. 154,751 57,989
Bank of Kaohsiung, Ltd. 518,207 165,261
Basso Industry Corp. (I) 28,000 16,127
BES Engineering Corp. 2,195,700 516,993
Biostar Microtech International Corp. 52,000 23,383
Cameo Communications, Inc. 138,944 38,848
Capital Securities Corp. 473,069 155,960

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Carnival Industrial Corp. (I) 205,000 $ 55,717
Cathay Chemical Works, Inc. 93,000 32,157
Cathay Real Estate    
Development Company, Ltd. 1,335,000 529,659
Central Reinsurance Company, Ltd. 293,422 133,040
Chain Qui Development Company, Ltd. 75,000 46,968
Champion Building Materials Company, Ltd. 59,132 30,092
Charoen Pokphand Enterprise 147,000 64,723
Cheng Loong Corp. 1,412,320 531,364
Chia Hsin Cement Corp. 694,926 343,402
Chien Kuo Construction Company, Ltd. 85,785 40,148
Chien Shing Stainless Steel Company, Ltd. (I) 199,000 33,157
Chimei Innolux Corp. (I) 5,016,073 2,000,858
Chin-Poon Industrial Company, Ltd. 571,571 330,266
China Airlines, Ltd. 1,089,000 533,476
China Development Financial Holdings Corp. 12,429,208 3,583,646
China General Plastics Corp. (I) 495,000 134,129
China Glaze Company, Ltd. 5,000 2,449
China Manmade Fibers Corp. (I) 1,729,000 547,643
China Metal Products Company, Ltd. 191,400 137,621
China Motor Company, Ltd. 929,125 785,271
China Steel Structure Company, Ltd. 169,000 147,676
China Synthetic Rubber Corp. 122,965 96,002
China Wire & Cable Company, Ltd. (I) 128,000 35,898
Chun Yu Works & Company, Ltd. (I) 155,000 44,883
Chun Yuan Steel Industrial Company, Ltd. 659,681 258,854
Chung Hsin Electric &    
Machinery Manufacturing Corp. 121,000 57,389
Chung Hung Steel Corp. 88,625 30,106
Chung Hwa Pulp Corp. 501,610 167,913
Chunghwa Picture Tubes, Ltd. (I) 4,649,429 346,735
CMC Magnetics Corp. (I) 4,348,000 797,046
Collins Company, Ltd. 134,626 59,620
Compal Electronics, Inc. 2,386,000 2,171,127
Compeq Manufactuing Company, Ltd. (I) 1,453,000 578,698
Continental Holdings Corp. 821,000 258,785
Coxon Precise Industrial Company, Ltd. 29,000 35,697
D-Link Corp. 389,834 284,975
Da Cin Construction Company, Ltd. 28,000 15,124
Darfon Electronics Corp. 171,850 103,680
Delpha Construction Company, Ltd. 146,335 48,424
DFI, Inc. 4,000 3,141
Dynamic Electronics Company, Ltd. 118,866 42,276
E.Sun Financial Holding Company, Ltd. 5,318,976 2,595,488
Eastern Media International Corp. (I) 1,273,049 184,368
Edom Technology Company, Ltd. 141,000 40,189
Elite Semiconductor Memory Technology, Inc. 9,000 9,405
Elitegroup Computer    
Systems Company, Ltd. (I) 968,793 213,409
Enlight Corp. (I) 49,130 4,490
Entie Commercial Bank 35,000 12,405
Epistar Corp. 248,000 432,028
Everest Textile Company, Ltd. (I) 230,000 42,002
Evergreen International Storage    
& Transport Corp. 119,600 66,378
Evergreen Marine Corp. 1,928,291 971,343
Everlight Chemical Industrial Corp. 6,000 3,030
Everlight Electronics Company, Ltd. 44,000 74,804
Everspring Industry Company, Ltd. (I) 182,000 41,683
Evertop Wire Cable Corp. (I) 147,414 23,744
Excel Cell Electronic Company, Ltd. 34,000 12,110
Far Eastern International Bank 1,776,008 675,268
Farglory Land Development Company, Ltd. 48,000 77,347
Federal Corp. 522,087 249,770
First Copper Technology Company, Ltd. 356,000 110,906

 

149

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
First Financial Holding Company, Ltd. 4,381,834 $ 2,805,286
First Insurance Company, Ltd. 193,475 98,767
Forhouse Corp. 180,099 97,171
Formosa Epitaxy, Inc. 110,000 72,726
Formosa Oilseed Processing 85,999 36,024
Formosa Taffeta Company, Ltd. 1,399,000 1,257,610
Formosan Rubber Group, Inc. 235,000 159,533
Formosan Union Chemical 396,400 224,794
Founding Construction &    
Development Company, Ltd. 40,330 23,923
Froch Enterprise Company, Ltd. (I) 30,000 12,925
FSP Technology, Inc. 23,229 17,622
FU I Industrial Company, Ltd. 202,379 74,550
Fullerton Technology Company, Ltd. 86,460 75,316
Fwusow Industry Company, Ltd. 167,336 87,479
G Shank Enterprise Company, Ltd. 26,000 14,655
Gamma Optical Company, Ltd. (I) 26,400 6,891
Gemtek Technology Corp. 165,697 131,852
Getac Technology Corp. 460,000 260,131
Giantplus Technology Company, Ltd. (I) 170,000 51,080
Gigabyte Technology Company, Ltd. 854,000 739,997
Gintech Energy Corp. 171,349 218,888
Global Brands Manufacture, Ltd. 43,822 20,217
Globe Union Industrial Corp. 32,000 17,858
Gold Circuit Electronics, Ltd. 666,204 179,063
Goldsun Development &    
Construction Company, Ltd. 1,644,714 641,849
Gordon Auto Body Parts Company, Ltd. (I) 120,184 27,157
Grand Pacific Petrochemical Corp. 783,000 315,485
Greatek Electronics, Inc. 22,000 15,068
Green Energy Technology, Inc. 107,749 116,852
GTM Corp. 159,000 74,265
Hannstar Board Corp. (I) 102,759 43,398
HannStar Display Corp. (I) 4,719,000 296,515
Harvatek Corp. 29,219 14,973
Hey Song Corp. 461,000 433,463
Hitron Technology, Inc. 20,000 12,040
Ho Tung Chemical Corp. (I) 722,571 363,546
Hocheng Group Corp. (I) 424,500 123,208
Hold-Key Electric Wire &    
Cable Company, Ltd. 28,840 9,313
Holystone Enterprise Company, Ltd. 117,000 102,370
Hong TAI Electric Industrial Company, Ltd. 351,000 106,541
Hsin Kuang Steel Company, Ltd. 312,085 229,435
Hsing TA Cement Company, Ltd. 435,000 142,909
Hua Eng Wire & Cable Company, Ltd. 923,000 253,994
Hua Nan Financial Holdings Company, Ltd. 1,340,510 801,923
Hung Ching Development Company, Ltd. 173,000 77,159
Hung Poo Real Estate Development Corp. 67,000 52,556
Hung Sheng Construction Company, Ltd. 827,200 329,803
Hwa Fong Rubber Company, Ltd. (I) 427,770 107,991
I-Chiun Precision Industry Company, Ltd. 54,000 25,853
Ichia Technologies, Inc. (I) 478,180 221,990
Inotera Memories, Inc. (I) 1,701,000 359,720
Inventec Appliances Corp. 133,000 76,295
Inventec Company, Ltd. 2,438,830 859,882
ITE Technology, Inc. 15,000 16,084
Jui Li Enterprise Company, Ltd. 66,950 15,884
K Laser Technology, Inc. 82,214 25,477
Kang Na Hsiung Enterprise Company, Ltd. 105,000 52,121
Kaulin Manufacturing Company, Ltd. 202,710 145,395
Kindom Construction Company, Ltd. 136,000 89,172
King Yuan Electronics Company, Ltd. 1,771,796 630,712
King’s Town Bank (I) 517,000 283,864
King’s Town Construction Company, Ltd. 31,000 18,999

 

Emerging Markets Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Kinpo Electronics, Inc. 1,828,269 $ 439,233
Ks Terminals Incks Terminals Inc 3,000 2,099
Kuoyang Construction Company Ltd. (I) 61,000 24,944
Kwong Fong Industries Corp. 671,300 214,576
KYE System Corp. 164,000 62,479
L&K Engineering Company, Ltd. 67,000 50,976
Lan Fa Textile Company, Ltd. 188,863 70,131
Lead Data, Inc. (I) 289,753 25,723
Leader Electronics, Inc. 10,000 3,270
Lealea Enterprise Company, Ltd. 1,006,955 346,067
LEE CHI Enterprises Company, Ltd. 118,000 38,279
Lelon Electronics Corp. 73,000 35,138
Leofoo Development Company, Ltd. (I) 36,000 23,602
Li Peng Enterprise Company, Ltd. 601,550 200,079
Lien Hwa Industrial Corp. 776,414 420,611
Lingsen Precision Industries, Ltd. 372,481 180,391
LITE-On It Corp. 81,715 76,591
Lite-On Semiconductor Corp. 233,000 132,724
Lite-On Technology Corp. 2,154,316 1,953,156
Long Bon International Company, Ltd. 82,000 29,067
Long Chen Paper Company, Ltd. 750,771 230,368
Lucky Cement Corp. (I) 390,000 77,195
Macronix International Company, Ltd. 768,372 260,190
Marketech International Corp. 57,000 36,841
Masterlink Securities Corp. 689,000 224,151
Maxtek Technology Company, Ltd. 16,000 10,069
Mayer Steel Pipe Corp. 321,379 157,033
Mega Financial Holding Company, Ltd. 10,866,060 7,470,654
Meiloon Industrial Company, Ltd. 117,048 48,871
Mercuries Data Systems, Ltd. (I) 49,000 21,938
Merry Electronics Company, Ltd. 29,000 28,979
Micro-Star International Company, Ltd. 1,410,264 636,061
Microelectronics Technology, Inc. (I) 204,000 44,616
Mitac International Corp. 1,913,956 689,090
Mobiletron Electronics Company, Ltd. (I) 56,000 29,339
Mosel Vitelic, Inc. (I) 386,000 59,673
Mustek Systems, Inc. (I) 28,367 1,940
Nanya Technology Corp. (I) 304,000 37,708
Neo Solar Power Corp. 129,000 116,501
Nien Hsing Textile Company, Ltd. (I) 540,204 358,893
Optimax Technology Corp. (I) 152,610 6,587
Opto Technology Corp. 211,000 74,391
Orient Semiconductor Electronics, Ltd. (I) 367,000 47,752
Pacific Construction Company, Ltd. (I) 160,000 23,274
Pan Jit International, Inc. 105,000 53,814
Paragon Technologies Company, Ltd. 41,000 42,307
Pegatron Corp. 835,660 769,801
Plotech Company, Ltd. 30,000 17,672
Polaris Securities Company, Ltd. 1,356,000 891,523
Pou Chen Corp. 1,439,348 1,033,359
Power Quotient    
International Company, Ltd. (I) 16,000 5,223
President Securities Corp. 547,850 270,143
Prodisc Technology, Inc. (I) 762,000 4,251
Promate Electronic Company, Ltd. 44,000 23,876
Qisda Corp. 862,280 227,679
Quintain Steel Company, Ltd. (I) 325,500 80,636
Radium Life Tech Company, Ltd. 47,000 36,230
Ralec Electronic Corp. 41,335 51,874
Rechi Precision Company, Ltd. 37,080 25,847
Reward Wool Industry Corp. (I) 181,000 45,526
Rexon Industrial Corp., Ltd. (I) 80,000 11,782
Ritek Corp. (I) 4,226,029 735,707
Sampo Corp. 902,338 216,558
Sanyang Industrial Company, Ltd. 952,859 520,503

 

150

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Taiwan (continued)      
SDI Corp. 15,000 $ 10,038
Sheng Yu Steel Company, Ltd. 169,000   101,512
Shihlin Electric & Engineering Corp. 32,000   31,726
Shin Kong Financial      
Holding Company, Ltd. (I) 484,000   141,988
Shin Zu Shing Company, Ltd. 43,000   85,904
Shinkong Insurance Company, Ltd. 63,000   36,039
Shinkong Synthetic Fibers Corp. 2,221,239   646,094
Shuttle, Inc. (I) 67,000   20,003
Sigurd Microelectronics Corp. 376,293   255,375
Silicon Integrated Systems Corp. 340,000   136,392
Sinbon Electronics Company, Ltd. 67,000   38,872
Sinon Corp. 368,650   123,544
SinoPac Holdings Company, Ltd. 8,537,998   2,733,090
Sitronix Technology Corp. 32,000   40,596
Siward Crystal Technology Company, Ltd. 64,213   19,048
Solelytex Industrial Corp. (I) 21,000   6,756
Solomon Technology Corp. 90,394   29,426
Southeast Cement Company, Ltd. 295,000   97,059
Spirox Corp. 127,068   67,619
Springsoft, Inc. 102,000   108,848
Sunplus Technology Company, Ltd. 275,000   105,292
Sunrex Technology Corp. 1,000   661
Supreme Electronics Company, Ltd. 181,000   99,794
Sweeten Construction Company, Ltd. 36,729   18,769
TA Chen Stainless Pipe (I) 612,535   316,202
Ta Chong Bank Company, Ltd. (I) 2,544,000   638,587
Ta Ya Electric Wire & Cable Company, Ltd. 928,436   231,530
TA-I Technology Company, Ltd. 50,793   32,659
Tah Hsin Industrial Company, Ltd. 217,000   200,572
Taichung Commercial Bank (I) 1,986,035   641,504
Tainan Enterprises Company, Ltd. 194,250   215,233
Tainan Spinning Company, Ltd. 1,704,135   745,000
Taishin Financial Holdings Company, Ltd. 7,273,953   2,787,100
Taisun Enterprise Company, Ltd. 70,905   34,025
Taita Chemical Company, Ltd. 115,360   44,533
Taiwan Business Bank (I) 3,788,584   1,093,562
Taiwan Cement Corp. 1,973,983   2,091,997
Taiwan Cogeneration Corp. 359,434   218,248
Taiwan Cooperative Bank 5,205,991   3,130,549
Taiwan Fire & Marine Insurance Company 6,000   4,307
Taiwan Fu Hsing Industrial Company, Ltd. 231,000   126,575
Taiwan Kolin Company, Ltd. (I) 327,000   0
Taiwan Land Development Corp. (I) 124,902   46,483
Taiwan Mask Corp. 407,150   142,862
Taiwan Paiho, Ltd. 378,360   256,639
Taiwan Pulp & Paper Corp. 417,640   135,514
Taiwan Sogo Shin Kong 27,000   21,976
Taiwan Styrene Monomer Corp. (I) 718,159   170,622
Taiwan Tea Corp. 546,000   272,947
Taiyen Biotech Company, Ltd. 320,000   243,267
Tatung Company, Ltd. (I) 2,265,400   834,074
Teapo Electronic Corp. (I) 108,163   17,658
Teco Electric & Machinery Company, Ltd. 2,874,000   1,539,108
Tex-Ray Industrial Company, Ltd. (I) 90,000   26,347
Ton Yi Industrial Corp. 697,200   324,492
Tong Yang Industry Company, Ltd. 87,740   79,582
Tong-Tai Machine & Tool Company, Ltd. 73,000   56,414
Topco Scientific Company, Ltd. 11,444   14,630
Topoint Technology Company, Ltd. 34,846   22,746
Tung Ho Steel Enterprise Corp. 24,000   21,383
Twinhead International Corp. (I) 224,000   22,877
TYC Brother Industrial Company, Ltd. (I) 168,817   69,208
Tycoons Group Enterprise Company, Ltd. (I) 367,768   83,365
Tyntek Corp. 115,000   37,849

 

Emerging Markets Value Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Taiwan (continued)      
TZE Shin International Company, Ltd. (I) 53,742 $ 17,481
U-Tech Media Corp. 180,000   36,348
Union Bank of Taiwan (I) 714,781   238,497
Unitech Electronics Company, Ltd. 158,039   59,699
Unitech Printed Circuit Board Corp. 717,975   304,841
United Microelectronics Corp. 16,156,794   5,942,537
Unity Opto Technology Company, Ltd. 107,869   79,935
Universal Cement Corp. 821,108   382,225
Universal Microelectronics Company, Ltd. 60,000   18,008
Unizyx Holding Corp. 377,000   218,989
UPC Technology Corp. 892,870   390,317
Ve Wong Corp. 93,993   62,368
Wah Lee Industrial Corp. 75,000   90,456
Walsin Lihwa Corp. 4,214,000   1,234,316
Walsin Technology Corp. 858,044   263,381
Walton Advanced Engineering, Inc. 229,584   83,505
Wan Hai Lines, Ltd. 85,050   39,786
Waterland Financial Holding Company 2,721,082   948,588
WEI Chih Steel Industrial Company, Ltd. (I) 100,000   19,956
Weikeng Industrial Company, Ltd. 94,500   67,515
Wellypower Optronics Corp. 45,000   23,574
Winbond Electronics Corp. (I) 4,720,000   929,305
Wistron Corp. 151,000   169,092
WUS Printed Circuit Company, Ltd. (I) 520,000   270,516
Yageo Corp. 3,548,000   987,899
Yang Ming Marine Transport Corp. 786,500   302,861
Yeun Chyang Industrial Company, Ltd. 133,000   84,541
Yi Jinn Industrial Company, Ltd. 301,996   76,582
Yieh Phui Enterprise Company, Ltd. 1,740,552   579,427
Young Fast Optoelectronics Company, Ltd. 25,000   67,340
Yuanta Financial Holdings Company, Ltd. (I) 1,435,295   719,331
Yuen Foong Yu Paper      
Manufacturing Company, Ltd. 1,678,202   642,109
Yung Chi Paint & Varnish      
Manufacturing Company, Ltd. 63,787   85,045
Zenitron Corp. 135,000   82,536
Zig Sheng Industrial Company, Ltd. 248,815   111,912
 
      103,105,006
Thailand - 2.02%      
Aapico Hitech PCL 120,600   42,677
Asia Plus Securities PCL 976,600   61,892
Bangchak Petroleum PCL 805,100   427,349
Bangkok Aviation Fuel Services PCL 139,371   46,181
Bangkok Bank PCL 1,038,900   4,647,768
Bangkok Bank PCL (Foreign      
Registered Shares) 145,000   677,433
Bangkok Expressway PCL 565,700   300,275
Bangkok Insurance PCL 3,250   26,033
Bangkokland PCL (I) 9,510,100   152,969
Bank of Ayudhya PCL 2,762,100   1,745,960
Cal-Comp Electronics Thailand PCL 1,880,300   142,754
Capital Nomura Securities PCL 25,000   24,127
Delta Electronics Thailand PCL 28,100   17,627
Eastern Water Resources Development &      
Management PCL 295,200   52,706
Esso Thailand PCL 1,090,000   317,340
G J Steel PCL (I) 23,487,100   128,448
G Steel PCL (I) 3,947,700   50,799
Golden Land Property Development PCL (I) 37,000   4,166
Hana Microelectronics PCL 243,200   132,221
IRPC PCL 9,283,000   1,045,215
Italian-Thai Development PCL 3,079,100   328,860
KGI Securities Thailand PCL 566,200   28,597
Kiatnakin Finance PCL 359,700   332,681

 

151

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Thailand (continued)      
Krung Thai Bank PCL 4,967,600 $ 2,461,028
Krungthai Card PCL 134,500   44,567
Loxley PCL 604,500   56,784
MBK PCL 46,300   136,658
Padaeng Industry PCL 166,300   69,548
Pranda Jewelry PCL 214,300   39,641
Precious Shipping PCL 577,100   269,196
Regional Container Lines PCL (I) 582,300   116,142
Saha-Union PCL 204,000   187,036
Sahaviriya Steel Industries PCL (I) 8,662,200   186,703
Sansiri PCL (I) 1,126,183   173,900
SC Asset Corp. PCL 336,400   117,959
Serm Suk PCL 86,700   160,375
Tata Steel Thailand PCL (I) 5,227,800   153,042
Thai Airways International PCL 885,300   569,599
Thai Carbon Black PCL 44,000   35,104
Thaicom PCL (I) 758,200   200,008
Thanachart Captial PCL 811,900   711,735
Thoresen Thai Agencies PCL 437,660   206,968
TMB Bank PCL 1,406,000   64,680
TPI Polene PCL 1,302,600   511,234
Vanachai Group PCL 940,600   102,275
 
      17,308,260
Turkey - 2.11%      
Adana Cimento Sanayi AS 500   177
Akcansa Cimento AS 3,425   12,668
Aksa Akrilik Kimya Sanayi AS 170,085   435,203
Alarko Holding AS 100,330   170,553
Anadolu Cam Sanayi AS 14,237   24,245
Anadolu Isuzu Otomotiv Sanayi AS (I) 6,122   30,249
Anadolu Sigorta AS 360,610   171,672
Aygaz AS 144,675   745,111
BatiSoke Soke Cimento Sanayii TAS 23,755   18,371
Bolu Cimento Sanayii AS 117,979   86,158
Borusan Mannesmann Boru Sanayi ve      
Ticaret AS (I) 14,559   185,399
Cemtas Celik Makina Sanayi Ticaret AS (I) 98,165   67,158
Cimsa Cimento Sanayi VE Tica 81,470   328,441
Dogan Sirketler Grubu Holdings (I) 1,464,692   501,239
EIS Eczacibasi Ilac ve Sinai ve Finansal      
Yatirimlar Sanayi ve Ticaret AS 268,690   309,243
Eregli Demir ve Celik Fabrikalari TAS 719,634   1,253,079
Gentas Genel Metal Sanayi ve Ticaret AS 70,980   60,686
Global Yatirim Holding AS (I) 380,889   238,609
Goldas Kuyumculuk Sanayi Ithalat Ve      
Ihracat AS (I) 54,846   19,253
GSD Holding (I) 418,949   159,079
Gunes Sigorta (I) 58,454   57,168
Hektas Ticaret TAS 67,687   49,099
Hurriyet Gazetecilik AS (I) 291,507   148,181
Kardemir Karabuk Demir Celik Sanayi ve      
Ticaret AS (I) 371,286   232,058
KOC Holdings AS 745,693   2,767,030
Kordsa Global Endustriyel Iplik ve Kord Bezi      
Sanayi ve Ticaret Anonim Sirketi AS 298,337   646,345
Marti Otel Isletmeleri AS (I) 100,968   44,691
Menderes Tekstil Sanayi ve Ticaret AS (I) 154,534   58,371
Net Turizm Ticaret ve Sanayi AS 196,638   91,639
Parsan Makina Parcalari Sanayii AS (I) 48,236   57,674
Petkim Petrokimya Holding AS (I) 389,715   501,217
Pinar Entegre Et ve Un Sanayi AS 36,324   112,725
Sanko Pazarlama Ithalat Ihracat AS (I) 20,076   42,364
Sarkuysan Elektrolitik Bakir Sanayi ve      
Ticaret AS 84,128   179,129

 

Emerging Markets Value Trust (continued)    
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS (continued)        
Turkey (continued)        
Sekerbank AS   472,361 $ 237,603
Tekfen Holding AS   210,781   643,781
Tekstil Bankasi AS (I)   84,007   30,607
Trakya Cam Sanayi AS   365,331   598,790
Turk Hava Yollari (I)   628,584   915,836
Turk Sise ve Cam Fabrikalari AS   652,590   1,245,528
Turkiye Is Bankasi   522,375   1,345,215
Turkiye Sinai Kalkinma Bankasi AS   728,682   776,836
Turkiye Vakiflar Bankasi Tao   1,023,771   2,044,270
Ulker Gida Sanayi ve Ticaret AS   110,020   324,780
Uzel Makina Sanayi AS (I)   22,930   0
Vestel Elektronik Sanayi ve Tracaret AS (I)   118,623   136,298
 
        18,103,828
TOTAL COMMON STOCKS (Cost $891,763,498)  $ 807,316,578
 
PREFERRED SECURITIES - 2.29%        
Brazil - 2.28%        
Banco ABC Brasil SA $ 96,300 $ 485,021
Banco Daycoval SA   91,000   411,381
Banco do Estado do Rio Grande do Sul SA 123,570   1,051,520
Banco Industrial e Comercial SA   155,800   613,174
Banco Panamericano SA (I)   138,100   452,438
Banco Pine SA   43,000   244,702
Banco Sofisa SA   83,500   155,431
Bardella SA Industrias Mecanicas   916   41,897
Companhia de Ferro Ligas Da Bahia   119,324   628,272
Companhia de Tecidos Norte de Minas SA   92,100   164,093
Confab Industrial SA   365,348   987,085
Eucatex SA Industria e Comercio   41,478   148,463
Forjas Taurus SA   30,405   28,946
Inepar SA Industria e Construcoes   152,248   238,058
Klabin SA   774,600   2,142,226
Metalurgica Gerdau SA   186,700   1,664,189
Parana Banco SA   21,400   111,538
Petroleo Brasileiro SA   190,669   1,936,858
Suzano Papel e Celulose SA   379,300   1,686,450
Telemar Norte Leste SA   65,200   1,341,970
Uniao de Industrias Petroquimicas SA (I)   773,200   135,703
Universo Online SA   48,911   460,171
Usinas Siderurgicas de Minas Gerais SA   782,908   4,380,371
 
        19,509,957
India - 0.00%        
Trent, Ltd., Series B (I)   926   19,664
Malaysia - 0.01%        
TA Global BHD (I)   1,233,900   100,490
TOTAL PREFERRED SECURITIES (Cost $24,706,638)  $ 19,630,111
 
RIGHTS - 0.01%        
Aekyung Petrochemical Company, Ltd.        
(Expiration Date: 11/08/2011, Strike Price:      
KRW 20,900.00) (I)   2,071   10,548
Bajaj Hindustan, Ltd. (Expiration Date:        
10/13/2011, Strike Price: INR 36.00) (I)   229,976   12,913
Banco Pine SA (Expiration Date: 10/10/2011,      
Strike Price: BRL 17.20) (I)   3,495   19
Daewoo Securities Company, Ltd. (Expiration      
Date: 11/01/2011, Strike Price:        
KRW 8,230.00) (I)   41,901   78,961
Jeonbuk Bank (Expiration Date: 12/14/2011,      
Strike Price: KRW 5,000.00) (I)   6,828   0

 

152

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Emerging Markets Value Trust (continued)    
    Shares or    
    Principal    
    Amount   Value
 
 
RIGHTS (continued)        
Sahaviriya Steel Industries PLC (Strike Price:      
THB 1,000.00) (I)   787 $ 0
TOTAL RIGHTS (Cost $36,431)    $ 102,441
 
WARRANTS - 0.00%        
Sunway BHD (Expiration Date: 08/17/2016,      
Strike Price: MYR 2.80) (I)   112,151   16,335
Xiwang Sugar Holdings Company, Ltd.        
(Expiration Date: 02/22/2012, Strike Price:      
HKD 2.55) (I)   80,619   11
TOTAL WARRANTS (Cost $5,735)    $ 16,346
 
SECURITIES LENDING COLLATERAL - 7.36%      
John Hancock Collateral        
Investment Trust, 0.2515% (W)(Y)   6,313,582   63,168,651
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $63,169,348)    $ 63,168,651
 
SHORT-TERM INVESTMENTS - 3.82%      
Money Market Funds* - 3.82%        
State Street Institutional Liquid Reserves        
Fund, 0.0927% (Y) $ 32,782,556 $ 32,782,556
TOTAL SHORT-TERM INVESTMENTS (Cost $32,782,556) $ 32,782,556
Total Investments (Emerging Markets Value Trust)      
(Cost $1,012,464,206) - 107.57%   $ 923,016,683
Other assets and liabilities, net - (7.57%)       (64,938,408)
 
TOTAL NET ASSETS - 100.00%   $ 858,078,275
 
 
 
 
Equity-Income Trust        
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS - 95.54%        
Consumer Discretionary - 13.43%        
Automobiles - 0.73%        
General Motors Company   226,500 $ 4,570,770
Harley-Davidson, Inc.   256,600   8,809,078
 
        13,379,848
Distributors - 0.55%        
Genuine Parts Company (L)   198,100   10,063,480
Diversified Consumer Services - 0.22%        
H&R Block, Inc. (L)   306,400   4,078,184
Hotels, Restaurants & Leisure - 0.45%        
Marriott International, Inc., Class A (L)   303,987   8,280,606
Household Durables - 2.07%        
Fortune Brands, Inc. (I)   412,200   22,291,776
Whirlpool Corp.   314,600   15,701,686
 
        37,993,462
Leisure Equipment & Products - 0.97%        
Mattel, Inc.   687,975   17,811,673
Media - 5.20%        
Cablevision Systems Corp., Class A   511,500   8,045,895
Comcast Corp., Class A   519,100   10,849,190
The Madison Square Garden, Inc., Class A (I) 202,200   4,610,160
The McGraw-Hill Companies, Inc.   482,700   19,790,700
The New York Times Company, Class A (I)(L) 685,700   3,983,917
The Walt Disney Company   606,600   18,295,056

 

Equity-Income Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Media (continued)      
Time Warner, Inc. 833,900 $ 24,991,983
WPP PLC 535,670   4,940,029
 
      95,506,930
Multiline Retail - 1.10%      
Kohl’s Corp. 225,900   11,091,690
Macy’s, Inc. 344,300   9,061,976
 
      20,153,666
Specialty Retail - 2.14%      
Home Depot, Inc. 785,900   25,832,533
Staples, Inc. 888,700   11,819,710
Tiffany & Company 25,400   1,544,828
 
      39,197,071
 
      246,464,920
Consumer Staples - 7.92%      
Beverages - 1.41%      
Molson Coors Brewing Company, Class B 168,200   6,662,402
PepsiCo, Inc. 310,000   19,189,000
 
      25,851,402
Food Products - 3.24%      
Archer-Daniels-Midland Company 518,000   12,851,580
Campbell Soup Company (L) 349,300   11,306,841
ConAgra Foods, Inc. 528,400   12,797,848
McCormick & Company, Inc. 187,900   8,673,464
The Hershey Company 232,200   13,755,528
 
      59,385,261
Household Products - 2.43%      
Clorox Company (L) 311,100   20,635,263
Kimberly-Clark Corp. 338,800   24,058,188
 
      44,693,451
Personal Products - 0.84%      
Avon Products, Inc. 783,700   15,360,520
 
      145,290,634
Energy - 12.62%      
Energy Equipment & Services - 1.62%      
Diamond Offshore Drilling, Inc. (L) 249,000   13,630,260
Schlumberger, Ltd. 271,000   16,186,830
 
      29,817,090
Oil, Gas & Consumable Fuels - 11.00%      
Anadarko Petroleum Corp. 310,100   19,551,805
BP PLC, ADR 337,375   12,169,116
Chevron Corp. 571,900   52,912,188
ConocoPhillips 159,900   10,124,868
Exxon Mobil Corp. 591,200   42,938,856
Murphy Oil Corp. 443,800   19,598,208
Petroleo Brasileiro SA, ADR, Ordinary Shares 130,800   2,936,460
Royal Dutch Shell PLC, ADR 526,600   32,396,432
Spectra Energy Corp. 373,150   9,153,370
 
      201,781,303
 
      231,598,393
Financials - 17.84%      
Capital Markets - 2.36%      
Legg Mason, Inc. 560,902   14,420,790
Morgan Stanley 370,000   4,995,000
Northern Trust Corp. 381,800   13,355,364
The Bank of New York Mellon Corp. 570,400   10,603,736
 
      43,374,890

 

153

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Equity-Income Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Commercial Banks - 4.90%      
KeyCorp 171,900 $ 1,019,367
PNC Financial Services Group, Inc. 316,500   15,252,135
Regions Financial Corp. (L) 1,072,200   3,570,426
SunTrust Banks, Inc. 698,400   12,536,280
U.S. Bancorp 1,177,000   27,706,580
Wells Fargo & Company 1,237,800   29,855,736
 
      89,940,524
Consumer Finance - 3.24%      
American Express Company 822,400   36,925,760
Capital One Financial Corp. 275,675   10,925,000
SLM Corp. 930,600   11,585,970
 
      59,436,730
Diversified Financial Services - 3.54%      
Bank of America Corp. 2,408,293   14,738,753
JPMorgan Chase & Company 1,407,275   42,387,123
NYSE Euronext 335,700   7,801,668
 
      64,927,544
Insurance - 3.48%      
Chubb Corp. 148,500   8,908,515
Lincoln National Corp. 486,100   7,597,743
Marsh & McLennan Companies, Inc. 751,100   19,934,194
Sun Life Financial, Inc. (L) 401,500   9,551,685
The Allstate Corp. 752,400   17,824,356
 
      63,816,493
Real Estate Investment Trusts - 0.32%      
Weyerhaeuser Company 376,600   5,856,130
 
      327,352,311
Health Care - 6.20%      
Biotechnology - 0.81%      
Amgen, Inc. 268,500   14,754,075
Health Care Providers & Services - 0.54%      
Quest Diagnostics, Inc. 201,900   9,965,784
Pharmaceuticals - 4.85%      
Bristol-Myers Squibb Company 581,225   18,238,841
Johnson & Johnson 451,700   28,777,807
Merck & Company, Inc. 646,650   21,151,922
Pfizer, Inc. 1,176,235   20,795,835
 
      88,964,405
 
      113,684,264
Industrials - 11.58%      
Aerospace & Defense - 3.22%      
Honeywell International, Inc. 435,200   19,109,632
ITT Corp. 250,600   10,525,200
Lockheed Martin Corp. (L) 147,000   10,678,080
Raytheon Company (L) 71,600   2,926,292
The Boeing Company 261,000   15,793,110
 
      59,032,314
Air Freight & Logistics - 1.03%      
United Parcel Service, Inc., Class B 298,900   18,875,535
Building Products - 0.43%      
Masco Corp. (L) 817,500   5,820,600
USG Corp. (I)(L) 309,900   2,085,627
 
      7,906,227
Commercial Services & Supplies - 0.39%      
Avery Dennison Corp. 287,300   7,205,484
Electrical Equipment - 1.51%      
Cooper Industries PLC 340,800   15,717,696

 

Equity-Income Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
COMMON STOCKS (continued)      
Electrical Equipment (continued)      
Emerson Electric Company 289,100 $ 11,942,721
 
      27,660,417
Industrial Conglomerates - 3.78%      
3M Company 351,900   25,262,901
General Electric Company 2,889,000   44,028,360
 
      69,291,261
Machinery - 1.10%      
Illinois Tool Works, Inc. 451,300   18,774,080
Ingersoll-Rand PLC 48,100   1,351,129
 
      20,125,209
Road & Rail - 0.12%      
Canadian Pacific Railway Ltd. (L) 48,200   2,317,938
 
      212,414,385
Information Technology - 7.09%      
Communications Equipment - 1.70%      
Cisco Systems, Inc. 936,900   14,512,581
Harris Corp. (L) 485,800   16,599,786
 
      31,112,367
Computers & Peripherals - 0.82%      
Hewlett-Packard Company 669,200   15,023,540
Electronic Equipment, Instruments & Components - 0.54%    
Corning, Inc. 793,900   9,812,604
Internet Software & Services - 0.21%      
Yahoo!, Inc. (I) 287,900   3,788,764
IT Services - 0.83%      
Computer Sciences Corp. 570,224   15,310,514
Semiconductors & Semiconductor Equipment - 1.60%    
Analog Devices, Inc. 378,400   11,825,000
Applied Materials, Inc. 1,086,700   11,247,345
Texas Instruments, Inc. 239,000   6,369,350
 
      29,441,695
Software - 1.39%      
Microsoft Corp. 1,026,525   25,550,207
 
      130,039,691
Materials - 5.28%      
Chemicals - 2.16%      
E.I. du Pont de Nemours & Company (L) 241,100   9,636,767
International Flavors & Fragrances, Inc. 194,900   10,957,278
Monsanto Company 318,900   19,146,756
 
      39,740,801
Construction Materials - 0.61%      
Vulcan Materials Company (L) 405,900   11,186,604
Metals & Mining - 0.88%      
Nucor Corp. 510,600   16,155,384
Paper & Forest Products - 1.63%      
International Paper Company 856,200   19,906,650
MeadWestvaco Corp. 404,900   9,944,344
 
      29,850,994
 
      96,933,783
Telecommunication Services - 4.48%      
Diversified Telecommunication Services - 4.07%      
AT&T, Inc. 1,287,549   36,720,897
CenturyLink, Inc. 364,317   12,066,179
Telefonica SA 415,935   7,974,016

 

154

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Equity-Income Trust (continued)    
    Shares or    
    Principal    
    Amount   Value
 
COMMON STOCKS (continued)        
Diversified Telecommunication Services (continued)    
Verizon Communications, Inc.   488,200 $ 17,965,760
 
        74,726,852
Wireless Telecommunication Services - 0.41%      
Vodafone Group PLC   2,864,917   7,398,206
 
        82,125,058
Utilities - 9.10%        
Electric Utilities - 5.80%        
Duke Energy Corp. (L)   642,300   12,839,578
Entergy Corp.   346,900   22,996,001
Exelon Corp. (L)   571,600   24,355,876
FirstEnergy Corp.   224,900   10,100,259
Pinnacle West Capital Corp.   247,500   10,627,650
PPL Corp.   334,000   9,532,360
Progress Energy, Inc.   309,800   16,022,856
 
        106,474,580
Independent Power Producers & Energy Traders - 1.16%    
Constellation Energy Group, Inc.   557,400   21,214,644
Multi-Utilities - 2.14%        
NiSource, Inc. (L)   961,000   20,546,180
TECO Energy, Inc. (L)   249,200   4,268,796
Xcel Energy, Inc.   583,800   14,414,022
 
        39,228,998
 
        166,918,222
TOTAL COMMON STOCKS (Cost $1,753,810,882)    $ 1,752,821,661
 
PREFERRED SECURITIES - 0.60%        
Consumer Discretionary - 0.60%        
General Motors Company, Series B, 4.750% $ 314,450 $ 11,030,906
TOTAL PREFERRED SECURITIES (Cost $15,735,070)  $ 11,030,906
 
SECURITIES LENDING COLLATERAL - 6.46%    
John Hancock Collateral        
Investment Trust, 0.2515% (W)(Y)   11,849,142   118,553,040
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $118,563,375)      $ 118,553,040
 
SHORT-TERM INVESTMENTS - 3.74%      
Money Market Funds - 3.74%        
State Street Institutional U.S. Government        
Money Market Fund, 0.0000% (Y) $ 5,288,387 $ 5,288,387
T. Rowe Price Prime Reserve        
Fund, 0.1383% (Y)   63,321,340   63,321,340
 
        68,609,727
TOTAL SHORT-TERM INVESTMENTS (Cost $68,609,727)  $ 68,609,727
Total Investments (Equity-Income Trust)        
(Cost $1,956,719,054) - 106.34%      $ 1,951,015,334
Other assets and liabilities, net - (6.34%)       (116,298,700)
 
TOTAL NET ASSETS - 100.00%      $ 1,834,716,634
 

 

Financial Services Trust      
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS - 98.83%      
Consumer Discretionary - 1.62%      
Specialty Retail - 1.62%      
Bed Bath & Beyond, Inc. (I) 37,300 $ 2,137,663
Consumer Staples - 2.31%      
Food & Staples Retailing - 2.31%      
CVS Caremark Corp. (L) 90,800   3,049,064
Energy - 3.03%      
Oil, Gas & Consumable Fuels - 3.03%      
Canadian Natural Resources, Ltd. 136,520   3,995,940
Financials - 82.81%      
Capital Markets - 14.62%      
Ameriprise Financial, Inc. 37,386   1,471,513
Julius Baer Group, Ltd. (I) 206,432   6,879,258
T. Rowe Price Group, Inc. 11,470   547,922
The Bank of New York Mellon Corp. 340,096   6,322,385
The Charles Schwab Corp. 38,902   438,426
The Goldman Sachs Group, Inc. 38,388   3,629,585
 
      19,289,089
Commercial Banks - 14.53%      
Banco Santander Brasil SA, ADR 43,400   317,688
ICICI Bank, Ltd., ADR 34,573   1,200,375
SKBHC Holdings LLC (I)(R) 387   1,934,572
State Bank of India, GDR 99,569   8,365,631
U.S. Bancorp 29,629   697,467
Wells Fargo & Company 275,881   6,654,250
 
      19,169,983
Consumer Finance - 9.44%      
American Express Company 268,068   12,036,253
The First Marblehead Corp. (I)(L) 410,168   418,371
 
      12,454,624
Diversified Financial Services - 10.53%      
Bank of America Corp. 36,055   220,657
Oaktree Capital Group LLC, Class A (I)(S) 294,700   12,966,800
RHJ International (I) 136,461   704,983
 
      13,892,440
Insurance - 29.65%      
ACE, Ltd. 5,004   303,242
Everest Re Group, Ltd. 54,928   4,360,185
Loews Corp. 246,905   8,530,568
Markel Corp. (I)(L) 18,624   6,651,189
The Progressive Corp. 303,335   5,387,230
Transatlantic Holdings, Inc. 286,109   13,882,009
 
      39,114,423
Real Estate Management & Development - 4.04%      
Brookfield Asset Management, Inc., Class A 193,290   5,325,140
 
      109,245,699
Industrials - 4.76%      
Commercial Services & Supplies - 4.76%      
Iron Mountain, Inc. (L) 198,500   6,276,570
Information Technology - 3.98%      
IT Services - 3.98%      
Cielo SA 55,940   1,246,582
Visa, Inc., Class A (L) 46,763   4,008,524
 
      5,255,106
 
      5,255,106

 

155

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Financial Services Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
COMMON STOCKS (continued)        
Materials - 0.32%        
Paper & Forest Products - 0.32%        
Sino-Forest Corp. (I)(L)   606,500 $ 417,584
TOTAL COMMON STOCKS (Cost $146,110,355)  $ 130,377,626
SECURITIES LENDING COLLATERAL - 9.82%      
John Hancock Collateral        
Investment Trust, 0.2515% (W)(Y)   1,294,873   12,955,466
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $12,955,132)    $ 12,955,466
SHORT-TERM INVESTMENTS - 1.15%      
Commercial Paper* - 1.15%        
Barclays U.S. Funding LLC, 0.0700% $ 1,511,000 $ 1,510,994
TOTAL SHORT-TERM INVESTMENTS (Cost $1,510,994)  $ 1,510,994
Total Investments (Financial Services Trust)      
(Cost $160,576,481) - 109.80%    $ 144,844,086
Other assets and liabilities, net - (9.80%)       (12,927,456)
 
TOTAL NET ASSETS - 100.00%    $ 131,916,630
 
 
 
Franklin Templeton Founding Allocation Trust
    Shares or    
    Principal    
    Amount   Value
 
INVESTMENT COMPANIES - 100.00%        
Affiliated Investment Companies - 100.00%      
Equity - 66.07%        
John Hancock Variable Insurance Trust (G) - 66.07%      
Global, Series NAV (Franklin)   29,447,098 $ 369,855,556
Mutual Shares, Series NAV (Franklin)   43,955,783   383,294,425
Fixed Income - 33.93%        
John Hancock Variable Insurance Trust (G) - 33.93%      
Income, Series NAV (Franklin)   38,682,064   386,820,645
 
        1,139,970,626
TOTAL INVESTMENT COMPANIES (Cost $1,362,016,821)  $ 1,139,970,626
Total Investments (Franklin Templeton Founding Allocation    
Trust) (Cost $1,362,016,821) - 100.00%    $ 1,139,970,626
Other assets and liabilities, net - 0.00%       (45,501)
 
TOTAL NET ASSETS - 100.00%    $ 1,139,925,125
 
 
 
Fundamental All Cap Core Trust      
    Shares or    
    Principal    
    Amount   Value
 
COMMON STOCKS - 97.46%        
Consumer Discretionary - 21.63%        
Hotels, Restaurants & Leisure - 1.03%        
International Speedway Corp., Class A   504,753 $ 11,528,559
Household Durables - 1.80%        
Lennar Corp., Class A   1,479,911   20,037,995
Internet & Catalog Retail - 10.17%        
Amazon.com, Inc. (I)   407,560   88,126,699

 

Fundamental All Cap Core Trust (continued)
  Shares or    
  Principal    
  Amount   Value
 
COMMON STOCKS (continued)      
Internet & Catalog Retail (continued)      
Blue Nile, Inc. (I) 719,637 $ 25,388,793
 
      113,515,492
Media - 2.22%      
CBS Corp., Class B 715,573   14,583,378
Omnicom Group, Inc. 276,240   10,176,682
 
      24,760,060
Multiline Retail - 1.83%      
Target Corp. 416,293   20,415,009
Specialty Retail - 4.58%      
Home Depot, Inc. 517,630   17,014,498
Lowe’s Companies, Inc. 1,758,938   34,017,861
 
      51,032,359
 
      241,289,474
Consumer Staples - 3.50%      
Beverages - 3.50%      
Diageo PLC, ADR 150,736   11,445,384
PepsiCo, Inc. 201,531   12,474,769
Tsingtao Brewery Company, Ltd., Series H 2,792,524   15,090,503
 
      39,010,656
 
      39,010,656
Energy - 8.08%      
Energy Equipment & Services - 2.16%      
National Oilwell Varco, Inc. 177,070   9,069,525
Schlumberger, Ltd. 252,133   15,059,904
 
      24,129,429
Oil, Gas & Consumable Fuels - 5.92%      
Apache Corp. 222,682   17,868,004
Chevron Corp. 135,249   12,513,237
Occidental Petroleum Corp. 204,498   14,621,607
Ultra Petroleum Corp. (I) 759,492   21,053,118
 
      66,055,966
 
      90,185,395
Financials - 15.68%      
Capital Markets - 7.85%      
AllianceBernstein Holding LP 1,632,689   22,286,205
State Street Corp. 452,141   14,540,855
T. Rowe Price Group, Inc. 565,173   26,998,314
The Goldman Sachs Group, Inc. 251,356   23,765,710
 
      87,591,084
Diversified Financial Services - 6.32%      
Bank of America Corp. 5,548,279   33,955,467
JPMorgan Chase & Company 507,925   15,298,701
Moody’s Corp. 699,986   21,314,574
 
      70,568,742
Insurance - 1.51%      
Prudential Financial, Inc. 358,955   16,820,631
 
      174,980,457
Health Care - 11.10%      
Biotechnology - 5.19%      
Amgen, Inc. 1,053,076   57,866,526
Health Care Equipment & Supplies - 1.34%      
Medtronic, Inc. 448,213   14,898,600
Health Care Providers & Services - 2.07%      
AMN Healthcare Services, Inc. (I) 1,750,918   7,021,181

 

156

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Fundamental All Cap Core Trust (continued)
    Shares or    
    Principal    
    Amount   Value
 
COMMON STOCKS (continued)        
Health Care Providers & Services (continued)      
Amsurg Corp. (I)   716,593 $ 16,123,343
 
        23,144,524
Pharmaceuticals - 2.50%        
Merck & Company, Inc.   854,453   27,949,158
 
        123,858,808
Industrials - 9.05%        
Aerospace & Defense - 2.19%        
American Science & Engineering, Inc.   400,885   24,474,029
Air Freight & Logistics - 1.40%        
United Parcel Service, Inc., Class B   247,108   15,604,870
Commercial Services & Supplies - 2.86%      
Avery Dennison Corp.   1,271,200   31,881,696
Professional Services - 2.60%        
Robert Half International, Inc.   1,365,987   28,986,244
 
        100,946,839
Information Technology - 26.59%        
Communications Equipment - 11.01%        
Cisco Systems, Inc.   2,848,365   44,121,174
QUALCOMM, Inc.   1,349,194   65,611,304
Tellabs, Inc.   3,054,090   13,102,046
 
        122,834,524
Internet Software & Services - 7.33%        
Ancestry.com, Inc. (I)   1,375,540   32,325,190
Bankrate, Inc. (I)   689,180   10,482,428
Google, Inc., Class A (I)   54,258   27,909,230
VistaPrint NV (I)   409,160   11,059,595
 
        81,776,443
IT Services - 4.82%        
Broadridge Financial Solutions, Inc.   1,115,539   22,466,955
Visa, Inc., Class A   365,974   31,371,291
 
        53,838,246
Software - 3.43%        
FactSet Research Systems, Inc.   209,947   18,678,986
Oracle Corp.   682,202   19,606,485
 
        38,285,471
 
        296,734,684
Materials - 1.83%        
Chemicals - 1.83%        
Air Products & Chemicals, Inc.   267,219   20,407,515
TOTAL COMMON STOCKS (Cost $1,301,807,966)  $ 1,087,413,828
SHORT-TERM INVESTMENTS - 0.96%      
Repurchase Agreement - 0.96%        
Repurchase Agreement with State Street Corp.      
dated 09/30/2011 at 0.010% to be        
repurchased at $10,750,009 on 10/03/2011,      
collateralized by $10,180,000 U.S. Treasury      
Notes, 2.625% due 11/15/2020 (valued at      
$10,968,950 including interest) $ 10,750,000 $ 10,750,000
TOTAL SHORT-TERM INVESTMENTS (Cost $10,750,000)  $ 10,750,000
Total Investments (Fundamental All Cap Core Trust)      
(Cost $1,312,557,966) - 98.42%    $ 1,098,163,828
Other assets and liabilities, net - 1.58%       17,663,185
 
 
TOTAL NET ASSETS - 100.00%    $ 1,115,827,013
 

 

Fundamental Large Cap Value Trust    
  Shares or    
  Principal    
  Amount   Value
 
COMMON STOCKS - 97.28%      
Consumer Discretionary - 15.12%      
Hotels, Restaurants & Leisure - 2.75%      
Carnival Corp. 239,438 $ 7,254,971
Household Durables - 2.13%      
Dorel Industries, Inc., Class B 107,566   2,289,075
Lennar Corp., Class A 245,413   3,322,892
 
      5,611,967
Media - 2.66%      
Comcast Corp., Class A 172,812   3,611,771
Omnicom Group, Inc. 92,097   3,392,853
 
      7,004,624
Multiline Retail - 1.68%      
Target Corp. 90,106   4,418,798
Specialty Retail - 5.90%      
Home Depot, Inc. 307,766   10,116,268
Lowe’s Companies, Inc. 280,291   5,420,828
 
      15,537,096
 
      39,827,456
Consumer Staples - 9.54%      
Beverages - 4.78%      
Diageo PLC, ADR 107,155   8,136,279
PepsiCo, Inc. 72,173   4,467,509
 
      12,603,788
Food & Staples Retailing - 2.66%      
Safeway, Inc. 204,268   3,396,977
Walgreen Company 109,469   3,600,435
 
      6,997,412
Household Products - 1.02%      
The Procter & Gamble Company 42,559   2,688,878
Tobacco - 1.08%      
Philip Morris International, Inc. 45,735   2,852,949
 
      25,143,027
Energy - 10.27%      
Energy Equipment & Services - 0.82%      
National Oilwell Varco, Inc. 42,036   2,153,084
Oil, Gas & Consumable Fuels - 9.45%      
Chevron Corp. 74,592   6,901,252
ConocoPhillips 103,911   6,579,645
Exxon Mobil Corp. 81,285   5,903,730
Occidental Petroleum Corp. 77,290   5,526,235
 
      24,910,862
 
      27,063,946
Financials - 23.53%      
Capital Markets - 6.36%      
AllianceBernstein Holding LP 285,207   3,893,076
Northern Trust Corp. 91,243   3,191,680
State Street Corp. 133,522   4,294,068
The Goldman Sachs Group, Inc. 56,887   5,378,666
 
      16,757,490
Commercial Banks - 5.91%      
U.S. Bancorp 305,541   7,192,435
Wells Fargo & Company 347,165   8,373,620
 
      15,566,055
Diversified Financial Services - 7.67%      
Bank of America Corp. 826,924   5,060,775
JPMorgan Chase & Company 263,347   7,932,012

 

157

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Fundamental Large Cap Value Trust (continued)
  Shares or    
  Principal    
  Amount   Value
 
COMMON STOCKS (continued)      
Diversified Financial Services (continued)      
Moody’s Corp. 237,386 $ 7,228,404
 
      20,221,191
Insurance - 3.59%      
Prudential Financial, Inc. 124,410   5,829,853
Stewart Information Services Corp. 409,405   3,619,140
 
      9,448,993
 
      61,993,729
Health Care - 14.93%      
Biotechnology - 4.56%      
Amgen, Inc. 218,579   12,010,916
Health Care Equipment & Supplies - 1.87%      
Medtronic, Inc. 148,476   4,935,342
Health Care Providers & Services - 2.24%      
Amsurg Corp. (I) 127,829   2,876,153
WellPoint, Inc. 46,286   3,021,550
 
      5,897,703
Pharmaceuticals - 6.26%      
Merck & Company, Inc. 213,246   6,975,277
Novartis AG, ADR 72,429   4,039,365
Pfizer, Inc. 309,893   5,478,908
 
      16,493,550
 
      39,337,511
Industrials - 11.02%      
Aerospace & Defense - 1.50%      
The Boeing Company 65,450   3,960,380
Air Freight & Logistics - 2.06%      
FedEx Corp. 80,376   5,439,848
Commercial Services & Supplies - 4.22%      
Avery Dennison Corp. 304,755   7,643,255
Cintas Corp. 123,160   3,465,722
 
      11,108,977
Industrial Conglomerates - 2.30%      
General Electric Company 397,646   6,060,125
Professional Services - 0.94%      
Robert Half International, Inc. 116,625   2,474,783
 
      29,044,113
Information Technology - 11.72%      
Communications Equipment - 7.68%      
Cisco Systems, Inc. 676,044   10,471,922
QUALCOMM, Inc. 155,451   7,559,582
Tellabs, Inc. 513,892   2,204,597
 
      20,236,101
IT Services - 1.44%      
Broadridge Financial Solutions, Inc. 187,941   3,785,132
Software - 2.60%      
Microsoft Corp. 108,480   2,700,068
Oracle Corp. 144,200   4,144,304
 
      6,844,372
 
      30,865,605
Utilities - 1.15%      
Electric Utilities - 1.15%      
Entergy Corp. 45,688   3,028,658
TOTAL COMMON STOCKS (Cost $299,075,893)  $ 256,304,045

 

Fundamental Large Cap Value Trust (continued)
    Shares or    
    Principal    
    Amount   Value
 
 
SHORT-TERM INVESTMENTS - 0.99%      
Repurchase Agreement - 0.99%        
Repurchase Agreement with State Street Corp.      
dated 09/30/2011 at 0.010% to be        
repurchased at $2,604,002 on 10/03/2011,      
collateralized by $2,005,000 U.S. Treasury      
Bonds, 4.625% due 02/15/2040 (valued at      
$2,659,151, including interest) $ 2,604,000 $ 2,604,000
TOTAL SHORT-TERM INVESTMENTS (Cost $2,604,000)  $ 2,604,000
Total Investments (Fundamental Large Cap Value Trust)      
(Cost $301,679,893) - 98.27%    $ 258,908,045
Other assets and liabilities, net - 1.73%       4,559,688
 
TOTAL NET ASSETS - 100.00%    $ 263,467,733
 
 
 
 
Fundamental Value Trust        
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS - 94.44%        
Consumer Discretionary - 6.45%        
Automobiles - 0.80%        
Harley-Davidson, Inc.   337,028 $ 11,570,171
Distributors - 0.22%        
Li & Fung, Ltd.   1,929,000   3,181,402
Household Durables - 0.19%        
Hunter Douglas NV (L)   68,688   2,741,925
Internet & Catalog Retail - 0.87%        
Expedia, Inc.   247,730   6,379,048
Liberty Media Corp. - Interactive, Series A (I) 425,495   6,284,561
 
        12,663,609
Media - 1.40%        
Grupo Televisa SA, ADR (L)   174,311   3,205,579
Liberty Media Corp. - Starz, Series A (I)   32,226   2,048,285
The Walt Disney Company   497,890   15,016,362
 
        20,270,226
Specialty Retail - 2.97%        
Bed Bath & Beyond, Inc. (I)   645,878   37,015,268
CarMax, Inc. (I)(L)   247,168   5,894,957
 
        42,910,225
 
        93,337,558
Consumer Staples - 17.09%        
Beverages - 4.42%        
Diageo PLC, ADR   311,582   23,658,421
Heineken Holding NV   444,555   17,148,438
The Coca-Cola Company   341,280   23,056,877
 
        63,863,736
Food & Staples Retailing - 10.25%        
Costco Wholesale Corp.   990,804   81,364,824
CVS Caremark Corp.   1,989,636   66,811,977
 
        148,176,801
Food Products - 1.30%        
Kraft Foods, Inc., Class A   354,500   11,904,110
Nestle SA   25,370   1,394,597
Unilever NV - NY Shares   176,180   5,547,908
 
        18,846,615

 

158

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Fundamental Value Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Personal Products - 0.13%      
Natura Cosmeticos SA 110,700 $ 1,884,005
Tobacco - 0.99%      
Philip Morris International, Inc. 229,357   14,307,290
 
      247,078,447
Energy - 11.27%      
Energy Equipment & Services - 0.85%      
Schlumberger, Ltd. 43,500   2,598,255
Transocean, Ltd. 204,152   9,746,216
 
      12,344,471
Oil, Gas & Consumable Fuels - 10.42%      
Canadian Natural Resources, Ltd. 1,219,210   35,686,277
China Coal Energy Company, Ltd., Series H 6,513,500   5,688,576
Devon Energy Corp. 314,161   17,417,086
EOG Resources, Inc. 652,693   46,347,730
Occidental Petroleum Corp. 530,630   37,940,045
OGX Petroleo e Gas Participacoes SA (I) 1,245,100   7,615,291
 
      150,695,005
 
 
      163,039,476
Financials - 29.71%      
Capital Markets - 7.47%      
Ameriprise Financial, Inc. 209,437   8,243,440
Julius Baer Group, Ltd. (I) 851,600   28,379,205
The Bank of New York Mellon Corp. 3,189,202   59,287,265
The Charles Schwab Corp. 561,700   6,330,359
The Goldman Sachs Group, Inc. 61,700   5,833,735
 
      108,074,004
Commercial Banks - 5.07%      
Wells Fargo & Company 3,036,026   73,228,947
Consumer Finance - 5.23%      
American Express Company 1,684,310   75,625,519
Diversified Financial Services - 0.15%      
JPMorgan Chase & Company 74,008   2,229,121
Insurance - 10.20%      
ACE, Ltd. 138,030   8,364,618
AON Corp. 40,780   1,711,944
Berkshire Hathaway, Inc. Class A (I) 183   19,544,400
Everest Re Group, Ltd. 24,330   1,931,315
Fairfax Financial Holdings, Ltd. 18,200   7,001,176
Fairfax Financial Holdings, Ltd.      
(Toronto Exchange) 8,800   3,374,131
Loews Corp. 1,374,727   47,496,818
Markel Corp. (I)(L) 5,123   1,829,577
The Progressive Corp. 2,167,084   38,487,412
Transatlantic Holdings, Inc. 364,629   17,691,799
 
      147,433,190
Real Estate Management & Development - 1.59%      
Brookfield Asset Management, Inc., Class A 426,380   11,746,769
Hang Lung Group, Ltd. 2,205,100   11,213,121
 
      22,959,890
 
 
      429,550,671
Health Care - 12.08%      
Health Care Equipment & Supplies - 1.98%      
Baxter International, Inc. 215,100   12,075,714
Becton, Dickinson & Company 226,700   16,621,644
 
      28,697,358
Health Care Providers & Services - 1.55%      
Express Scripts, Inc. (I) 604,188   22,397,249

 

Fundamental Value Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Life Sciences Tools & Services - 0.29%      
Agilent Technologies, Inc. (I) 134,580 $ 4,205,625
Pharmaceuticals - 8.26%      
Johnson & Johnson 704,420   44,878,598
Merck & Company, Inc. 1,522,239   49,792,438
Pfizer, Inc. 455,966   8,061,479
Roche Holdings AG 103,400   16,635,168
 
      119,367,683
 
      174,667,915
Industrials - 5.52%      
Aerospace & Defense - 0.81%      
Lockheed Martin Corp. (L) 160,400   11,651,456
Commercial Services & Supplies - 2.59%      
Iron Mountain, Inc. (L) 1,183,391   37,418,823
Marine - 1.08%      
China Shipping Development Company, Ltd. 3,821,300   2,368,627
Kuehne & Nagel International AG 118,956   13,306,120
 
      15,674,747
Transportation Infrastructure - 1.04%      
China Merchants Holdings      
International Company, Ltd. 5,422,609   14,597,336
LLX Logistica SA (I) 227,700   439,596
 
      15,036,932
 
      79,781,958
Information Technology - 6.78%      
Computers & Peripherals - 0.64%      
Hewlett-Packard Company 410,546   9,216,758
Internet Software & Services - 2.57%      
Google, Inc., Class A (I) 72,310   37,194,818
IT Services - 0.40%      
Visa, Inc., Class A 66,330   5,685,808
Semiconductors & Semiconductor Equipment - 1.67%    
Intel Corp. 177,370   3,783,302
Texas Instruments, Inc. 765,210   20,392,847
 
      24,176,149
Software - 1.50%      
Activision Blizzard, Inc. 864,600   10,288,740
Microsoft Corp. 459,854   11,445,766
 
      21,734,506
 
      98,008,039
Materials - 5.35%      
Chemicals - 2.75%      
Air Products & Chemicals, Inc. 93,400   7,132,958
Ecolab, Inc. (L) 126,855   6,201,941
Monsanto Company 270,060   16,214,402
Potash Corp. of Saskatchewan, Inc. 115,758   5,003,061
Praxair, Inc. 55,813   5,217,399
 
      39,769,761
Construction Materials - 0.31%      
Martin Marietta Materials, Inc. (L) 72,141   4,560,754
Containers & Packaging - 1.13%      
Sealed Air Corp. 978,475   16,340,533
Metals & Mining - 1.11%      
BHP Billiton PLC 317,520   8,413,636
Rio Tinto PLC 172,534   7,619,947
 
      16,033,583

 

159

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Fundamental Value Trust (continued)    
  Shares or    
  Principal    
    Amount   Value
 
COMMON STOCKS (continued)        
Paper & Forest Products - 0.05%        
Sino-Forest Corp. (I)(L)   1,015,920 $ 699,478
Sino-Forest Corp. (I)(S)   31,600   21,757
 
        721,235
 
        77,425,866
Telecommunication Services - 0.19%        
Wireless Telecommunication Services - 0.19%      
America Movil SAB de CV,        
Series L, ADR (L)   124,400   2,746,754
TOTAL COMMON STOCKS (Cost $1,354,017,566)  $ 1,365,636,684
PREFERRED SECURITIES - 0.03%        
Materials - 0.03%        
MMX Mineracao E Metalicos SA (I) $ 227,700 $ 359,670
TOTAL PREFERRED SECURITIES (Cost $318,715)  $ 359,670
CONVERTIBLE BONDS - 0.06%        
Materials - 0.06%        
Paper & Forest Products - 0.06%        
Sino-Forest Corp. 5.000%, 08/01/2013 (I)(S) $ 3,244,100   843,466
TOTAL CONVERTIBLE BONDS (Cost $3,244,100)  $ 843,466
SECURITIES LENDING COLLATERAL - 4.79%      
John Hancock Collateral        
Investment Trust, 0.2515% (W)(Y)   6,919,813   69,234,116
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $69,230,706)    $ 69,234,116
SHORT -TERM INVESTMENTS - 4.92%      
Commercial Paper* - 4.92%        
Barclays U.S. Funding LLC        
0.070%, 10/03/2011 $ 46,184,000 $ 46,183,820
Mizuho Funding LLC 0.140%, 10/03/2011   25,000,000   24,999,319
 
        71,183,139
TOTAL SHORT-TERM INVESTMENTS (Cost $71,183,139)  $ 71,183,139
Total Investments (Fundamental Value Trust)      
(Cost $1,497,994,226) - 104.24%    $ 1,507,257,075
Other assets and liabilities, net - (4.24%)       (61,283,694)
 
TOTAL NET ASSETS - 100.00%    $ 1,445,973,381
 
 
 
Global Trust        
  Shares or    
  Principal    
    Amount   Value
 
COMMON STOCKS - 97.02%        
Austria - 0.54%        
Telekom Austria AG   292,670 $ 2,952,617
Bermuda - 0.70%        
RenaissanceRe Holdings, Ltd. (L)   60,280   3,845,864
Brazil - 0.80%        
Petroleo Brasileiro SA, ADR   63,250   1,310,540
Vale SA, ADR (L)   146,440   3,075,240
 
        4,385,780
China - 0.60%        
China Telecom Corp., Ltd., ADR (L)   53,040   3,282,646

 

Global Trust (continued)      
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Denmark - 0.44%      
Danske Bank A/S (I) 170,870 $ 2,394,978
France - 8.66%      
Alstom SA (L) 158,720   5,250,568
AXA SA 306,690   3,982,098
Cie Generale des Etablissements Michelin 63,044   3,764,891
Credit Agricole SA 592,610   4,073,754
France Telecom SA 338,330   5,547,855
Sanofi 190,910   12,534,971
Total SA 190,620   8,404,564
Vivendi SA 191,850   3,917,117
 
      47,475,818
Germany - 5.08%      
Deutsche Lufthansa AG 380,420   4,907,418
Deutsche Post AG 185,900   2,375,932
Merck KGaA 42,920   3,511,951
Muenchener Rueckversicherungs AG 42,740   5,297,839
SAP AG 117,890   6,009,471
Siemens AG 63,450   5,732,211
 
      27,834,822
Hong Kong - 1.10%      
AIA Group, Ltd. 754,600   2,145,384
Cheung Kong Holdings, Ltd. 194,000   2,076,809
China Mobile, Ltd. 187,000   1,824,892
 
      6,047,085
India - 0.53%      
ICICI Bank, Ltd., ADR (L) 83,180   2,888,010
Ireland - 1.85%      
CRH PLC 415,382   6,406,741
Seagate Technology PLC 362,440   3,725,883
 
      10,132,624
Italy - 2.38%      
Eni SpA 299,420   5,260,940
Intesa Sanpaolo SpA 2,618,130   4,090,858
UniCredit SpA 3,481,975   3,705,423
 
      13,057,221
Japan - 4.70%      
ITOCHU Corp. 179,700   1,716,335
Konica Minolta Holdings, Inc. 319,010   2,185,430
Mazda Motor Corp. (I)(L) 1,444,000   2,906,978
Nintendo Company, Ltd. 33,050   4,814,005
Nissan Motor Company, Ltd. 394,200   3,483,646
Nomura Holdings, Inc. 741,800   2,703,052
Toyota Motor Corp. 155,450   5,313,971
USS Company, Ltd. 30,920   2,630,063
 
      25,753,480
Netherlands - 6.42%      
Akzo Nobel NV 82,830   3,661,739
ING Groep NV (I) 919,950   6,474,619
Koninklijke Philips Electronics NV 328,180   5,874,650
Randstad Holdings NV 149,170   4,758,500
Reed Elsevier NV 269,582   2,947,949
Royal Dutch Shell PLC (London      
Stock Exchange) 2,394   74,251
Royal Dutch Shell PLC, A Shares 97,344   3,022,405
Royal Dutch Shell PLC, B Shares 199,440   6,194,564
SBM Offshore NV 125,169   2,170,576
 
      35,179,253
Norway - 0.68%      
Statoil ASA 174,480   3,728,085

 

160

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Global Trust (continued)      
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Russia - 0.82%      
Gazprom OAO, ADR 471,880 $ 4,506,454
Singapore - 3.16%      
DBS Group Holdings, Ltd. 419,510   3,760,810
Flextronics International, Ltd. (I)(L) 622,360   3,503,887
Singapore Telecommunications, Ltd. 4,169,000   10,065,653
 
      17,330,350
South Korea - 2.66%      
KB Financial Group, Inc., ADR (L) 140,908   4,616,146
Samsung Electronics Company, Ltd. 14,230   9,968,302
 
      14,584,448
Spain - 0.75%      
Telefonica SA 215,740   4,136,017
Sweden - 0.75%      
Telefonaktiebolaget LM Ericsson, B Shares 427,054   4,091,868
Switzerland - 8.26%      
ACE, Ltd. 80,545   4,881,027
Adecco SA (I) 32,410   1,270,888
Credit Suisse Group AG (I) 188,120   4,881,560
Lonza Group AG (I) 44,630   2,678,948
Noble Corp. (I)(L) 131,450   3,858,058
Novartis AG 37,480   2,091,742
Roche Holdings AG 57,200   9,202,433
Swiss Re, Ltd. (I) 124,520   5,795,415
TE Connectivity, Ltd. 135,420   3,810,719
UBS AG (Swiss Exchange) (I) 378,050   4,303,445
Wolseley PLC 100,842   2,510,280
 
      45,284,515
Taiwan - 1.09%      
Taiwan Semiconductor      
Manufacturing Company, Ltd. 2,642,363   5,986,962
Turkey - 0.79%      
Turkcell Iletisim Hizmetleri AS, ADR (I)(L) 382,250   4,311,780
United Kingdom - 11.30%      
Aviva PLC 1,256,769   5,938,408
BAE Systems PLC 592,240   2,441,631
BP PLC 1,137,675   6,823,667
Carillion PLC 166,950   861,375
GlaxoSmithKline PLC 512,860   10,588,753
HSBC Holdings PLC 610,662   4,685,024
International Consolidated      
Airlines Group SA (I) 1,737,280   4,103,549
International Consolidated      
Airlines Group SA (I) 592,720   1,395,554
Kingfisher PLC 1,640,530   6,288,429
Rentokil Initial PLC (I) 1,196,720   1,324,495
Tesco PLC 890,920   5,211,394
Vodafone Group PLC 4,767,350   12,310,946
 
      61,973,225
United States - 32.96%      
Abbott Laboratories 56,860   2,907,820
American Express Company (L) 118,100   5,302,690
Amgen, Inc. 272,420   14,969,479
Baker Hughes, Inc. 97,160   4,484,906
Bank of America Corp. 257,130   1,573,636
Brocade Communications Systems, Inc. (I)(L) 584,460   2,524,867
Chevron Corp. 64,000   5,921,280
Cisco Systems, Inc. 505,220   7,825,858
Citigroup, Inc. 176,620   4,525,004
Comcast Corp., Special Class A 558,000   11,545,020
CVS Caremark Corp. 203,110   6,820,434

 

Global Trust (continued)        
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS (continued)        
United States (continued)        
Dell, Inc. (I)   171,320 $ 2,424,178
FedEx Corp.   46,300   3,133,584
General Electric Company   407,240   6,206,338
Home Depot, Inc. (L)   75,340   2,476,426
JPMorgan Chase & Company   82,200   2,475,864
Medtronic, Inc.   164,650   5,472,966
Merck & Company, Inc.   217,350   7,109,519
Microsoft Corp.   547,730   13,633,000
Morgan Stanley   320,480   4,326,480
News Corp., Class A   741,490   11,470,850
Oracle Corp.   202,630   5,823,586
Pfizer, Inc.   651,450   11,517,636
Quest Diagnostics, Inc. (L)   99,590   4,915,762
Sprint Nextel Corp. (I)(L)   1,662,580   5,054,243
Target Corp.   67,980   3,333,739
The Progressive Corp.   6,550   116,328
The Walt Disney Company   115,640   3,487,702
Time Warner Cable, Inc.   76,882   4,818,194
Time Warner, Inc. (L)   145,233   4,352,633
United Parcel Service, Inc., Class B   113,280   7,153,632
Viacom, Inc., Class B   76,070   2,946,952
 
        180,650,606
TOTAL COMMON STOCKS (Cost $696,957,940)  $ 531,814,508
 
SECURITIES LENDING COLLATERAL - 6.63%      
John Hancock Collateral        
Investment Trust, 0.2515% (W)(Y)   3,631,458   36,333,466
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $36,332,317)    $ 36,333,466
 
SHORT -TERM INVESTMENTS - 1.64%        
Repurchase Agreement - 1.64%        
Repurchase Agreement with State Street Corp.      
dated 09/30/2010 at 0.010% to be        
repurchased at $9,000,008 on 10/03/2011,        
collateralized by $7,915,000 Federal        
National Mortgage Association, 4.377% due      
01/23/2018 (valued at $9,181,400,        
including interest). $ 9,000,000 $ 9,000,000
TOTAL SHORT-TERM INVESTMENTS (Cost $9,000,000)  $ 9,000,000
Total Investments (Global Trust)        
(Cost $742,290,257) - 105.29%    $ 577,147,974
Other assets and liabilities, net - (5.29%)       (28,991,902)
 
TOTAL NET ASSETS - 100.00%    $ 548,156,072
 
 
 
 
Global Bond Trust        
    Shares or    
    Principal    
    Amount   Value
 
 
U.S. GOVERNMENT & AGENCY        
OBLIGATIONS - 18.91%        
U.S. Government - 1.26%        
U.S. Treasury Bonds        
3.750%, 08/15/2041 $ 4,200,000 $ 4,908,750
5.500%, 08/15/2028 (F)   3,700,000   5,182,890
U.S. Treasury Notes        
3.125%, 05/15/2021   1,400,000   1,556,408
3.625%, 02/15/2021 (F)   300,000   347,063
 
        11,995,111

 

161

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
U.S. GOVERNMENT & AGENCY        
OBLIGATIONS (continued)        
U.S. Government Agency - 17.65%        
Federal Home Loan Mortgage Corp.        
5.198%, 03/01/2035 (P) $ 499,402 $ 533,516
Federal National Mortgage Association        
2.142%, 12/01/2034 (P)   305,929   317,408
2.555%, 11/01/2034 (P)   1,675,256   1,760,933
4.000%, TBA   157,000,000   164,604,169
5.028%, 05/01/2035 (P)   297,445   319,098
Government National        
Mortgage Association        
2.125%, 11/20/2023 to 10/20/2026 (P)   75,307   77,159
2.250%, 01/20/2030 (P)   21,443   22,114
2.375%, 02/20/2024 to 06/20/2030 (P)   83,948   86,836
 
        167,721,233
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $177,040,571)    $ 179,716,344
 
FOREIGN GOVERNMENT        
OBLIGATIONS - 25.51%        
Canada - 2.62%        
Government of Canada        
1.750%, 03/01/2013 CAD 17,000,000   16,422,953
2.750%, 09/01/2016   700,000   710,821
Province of Ontario        
4.000%, 06/02/2021   2,600,000   2,662,823
6.200%, 06/02/2031   300,000   385,334
Province of Quebec Canada        
2.750%, 08/25/2021 $ 4,300,000   4,267,131
5.000%, 12/01/2041 CAD 400,000   456,544
 
        24,905,606
France - 0.94%        
Societe Financement de l’Economie        
Francaise        
2.250%, 06/11/2012 (S) $ 8,800,000   8,898,762
 
        8,898,762
Germany - 5.80%        
Federal Republic of Germany        
3.250%, 01/04/2020 EUR 1,000,000   1,501,927
4.750%, 07/04/2028   1,600,000   2,780,463
5.500%, 01/04/2031   8,200,000   15,675,191
5.625%, 01/04/2028   3,900,000   7,390,170
6.500%, 07/04/2027   13,600,000   27,791,513
 
        55,139,264
Italy - 0.42%        
Republic of Italy        
2.100%, 09/15/2021   1,967,279   2,137,522
4.000%, 02/01/2037   1,900,000   1,846,015
 
        3,983,537
Japan - 2.22%        
Government of Japan        
0.200%, 02/15/2012 JPY 1,630,000,000   21,140,147
 
        21,140,147
Mexico - 1.74%        
Government of Mexico        
Zero Coupon 10/20/2011 (Z) MXN 800,000,000   5,757,596
6.250%, 06/16/2016   91,700,000   6,872,463
8.000%, 06/11/2020   20,000,000   1,596,852
10.000%, 12/05/2024   24,900,000   2,289,724
 
        16,516,635

 

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
FOREIGN GOVERNMENT        
OBLIGATIONS (continued)        
New Zealand - 2.92%        
Dominion of New Zealand        
5.000%, 03/15/2019 NZD 21,600,000 $ 17,254,206
6.000%, 05/15/2021   11,100,000   9,461,799
New Zealand Government Bond        
5.500%, 04/15/2023   1,300,000   1,066,990
 
        27,782,995
Norway - 0.56%        
Kommunalbanken AS        
2.000%, 01/14/2013 $ 5,200,000   5,294,578
 
        5,294,578
Spain - 1.49%        
Kingdom of Spain        
3.286%, 03/25/2014 (P) EUR 11,000,000   14,199,751
 
        14,199,751
United Kingdom - 6.80%        
Government of United Kingdom        
2.000%, 01/22/2016 GBP 1,100,000   1,769,769
4.250%, 12/07/2027 to 12/07/2040   18,800,000   33,250,826
4.500%, 09/07/2034   2,900,000   5,324,059
4.750%, 12/07/2030   8,700,000   16,505,081
5.000%, 03/07/2025   4,000,000   7,779,538
 
        64,629,273
TOTAL FOREIGN GOVERNMENT        
OBLIGATIONS (Cost $239,493,066)    $ 242,490,548
 
CORPORATE BONDS - 47.13%        
Australia - 5.14%        
Commonwealth Bank of Australia        
0.666%, 07/12/2013 (P) (S) $ 8,000,000   7,996,000
0.858%, 06/25/2014 (P) (S)   14,800,000   14,892,870
2.500%, 12/10/2012 (S)   5,500,000   5,620,637
ING Bank Australia, Ltd.        
5.408%, 06/24/2014 (P) AUD 10,000,000   9,781,609
Macquarie Bank, Ltd.        
3.300%, 07/17/2014 (S) $ 500,000   534,004
National Australia Bank, Ltd.        
0.746%, 07/08/2014 (P) (S)   5,000,000   5,020,430
5.750%, 12/19/2013 AUD 40,000   40,017
Westpac Banking Corp.        
2.900%, 09/10/2014 (S) $ 4,700,000   4,983,457
 
        48,869,024
Bermuda - 0.03%        
Qtel International Finance, Ltd.        
5.000%, 10/19/2025   300,000   293,438
 
        293,438
Canada - 1.02%        
Honda Canada Finance, Inc., Series E        
1.458%, 03/26/2012 (P) CAD 10,200,000   9,721,323
 
        9,721,323
Cayman Islands - 0.28%        
IPIC, Ltd.        
5.000%, 11/15/2020 (S) $ 600,000   615,000
Odebrecht Drilling Norbe VIII/IX, Ltd.        
6.350%, 06/30/2021 (S)   500,000   495,000
Petrobras International Finance Company        
5.375%, 01/27/2021   1,000,000   1,011,000
7.875%, 03/15/2019   500,000   580,000
 
        2,701,000

 

162

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Denmark - 0.03%        
Nykredit Realkredit A/S        
6.000%, 10/01/2029 DKK 144,204 $ 28,231
Realkredit Danmark A/S, Series 73D        
2.340%, 01/01/2038 (P)   1,282,347   226,700
 
        254,931
France - 7.23%        
BNP Paribas Home Loan        
Covered Bonds SA        
2.200%, 11/02/2015 (S) $ 5,800,000   5,637,809
3.000%, 07/23/2013 EUR 200,000   271,036
4.750%, 05/28/2013   2,700,000   3,759,489
Cie de Financement Foncier        
1.625%, 07/23/2012 (S) $ 7,200,000   7,215,862
2.000%, 02/17/2012 EUR 6,800,000   9,112,841
2.125%, 04/22/2013 (S) $ 4,900,000   4,909,094
2.250%, 01/25/2013 EUR 300,000   401,941
2.500%, 09/16/2015 (S) $ 5,100,000   5,038,759
Credit Agricole Home Loan        
1.002%, 07/21/2014 (P) (S)   5,200,000   5,072,928
Dexia Credit Local SA        
0.496%, 01/12/2012 (P) (S)   8,000,000   7,998,056
2.750%, 01/10/2014 (S)   15,500,000   15,403,389
Vivendi SA        
5.750%, 04/04/2013 (S)   3,700,000   3,903,770
 
        68,724,974
Germany - 6.08%        
FMS Wertmanagement        
2.375%, 12/15/2014 EUR 11,900,000   16,312,885
2.750%, 06/03/2016   3,700,000   5,128,391
3.375%, 06/17/2021   2,200,000   3,109,518
IKB Deutsche Industriebank AG        
2.125%, 09/10/2012   3,400,000   4,592,634
Kreditanstalt fuer Wiederaufbau        
1.250%, 06/17/2013   7,700,000   10,349,488
2.000%, 09/07/2016   4,700,000   6,347,268
5.500%, 06/05/2014 AUD 5,200,000   5,179,575
6.250%, 05/19/2021   6,500,000   6,756,099
 
        57,775,858
Ireland - 0.06%        
Novatek Finance, Ltd.        
5.326%, 02/03/2016 (S) $ 600,000   586,500
 
        586,500
Italy - 0.44%        
Intesa Sanpaolo SpA        
2.708%, 02/24/2014 (P) (S)   4,600,000   4,142,318
 
        4,142,318
Jersey, C.I. - 0.47%        
HBOS Capital Funding LP (9.540% to        
03/19/2018, then GBP        
LIBOR + 6.750%)        
03/19/2018 (I) (Q) GBP 1,700,000   2,200,314
HBOS Euro Finance LP (7.627% to        
12/09/2011, the n 3 month        
EURIBOR + 2.875%)        
12/09/2011 (Q) EUR 2,334,000   2,220,153
 
        4,420,467
Luxembourg - 0.42%        
ALROSA Finance SA        
7.750%, 11/03/2020 $ 2,100,000   1,979,250

 

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Luxembourg (continued)        
Sunrise Communications International SA        
7.000%, 12/31/2017 EUR 1,600,000 $ 2,036,420
 
        4,015,670
Netherlands - 3.92%        
ABN Amro Bank NV        
3.250%, 01/18/2013   3,200,000   4,366,487
3.750%, 01/12/2012   400,000   539,307
Achmea Hypotheekbank NV        
3.200%, 11/03/2014 $ 4,900,000   5,182,701
3.200%, 11/03/2014 (S)   2,400,000   2,538,466
EuroCredit CDO I, BV        
2.647%, 09/03/2012 (P) EUR 592,786   779,609
Fortis Bank Nederland Holding NV        
3.375%, 05/19/2014   5,900,000   8,293,885
Gazprom OAO Via White Nights        
Finance BV        
10.500%, 03/08/2014 $ 2,700,000   2,987,550
LeasePlan Corp. NV        
3.250%, 05/22/2014 EUR 1,800,000   2,520,286
NIBC Bank NV        
2.800%, 12/02/2014 (S) $ 3,500,000   3,668,347
3.500%, 04/07/2014 EUR 1,700,000   2,390,916
Rabobank Nederland NV (11.000% to        
06/30/2019, then 3 month        
LIBOR + 10.868%)        
06/30/2019 (Q) (S) $ 2,200,000   2,645,500
Ziggo Finance BV        
6.125%, 11/15/2017 EUR 1,000,000   1,299,557
 
        37,212,611
Norway - 0.52%        
DnB NOR Boligkreditt        
2.375%, 07/20/2015   3,700,000   4,971,157
 
        4,971,157
Singapore - 0.07%        
ICICI Bank, Ltd.        
2.058%, 02/24/2014 (P) (S) $ 700,000   685,122
 
        685,122
South Korea - 0.26%        
Export-Import Bank of Korea        
5.750%, 05/22/2013 EUR 1,800,000   2,475,697
 
        2,475,697
Sweden - 0.26%        
Stadshypotek AB        
3.750%, 12/12/2013   1,800,000   2,515,598
 
        2,515,598
United Kingdom - 8.37%        
Abbey National Treasury Services PLC        
3.125%, 06/30/2014   4,300,000   5,783,231
Bank of Scotland PLC        
4.375%, 07/13/2016   900,000   1,265,370
4.500%, 10/23/2013   200,000   279,315
Barclays Bank PLC        
2.700%, 03/05/2012 (S) $ 100,000   100,943
10.179%, 06/12/2021 (S)   1,840,000   1,946,867
BP Capital Markets PLC        
3.125%, 10/01/2015   3,000,000   3,101,580
British Sky Broadcasting Group PLC        
6.100%, 02/15/2018 (S)   4,200,000   4,651,294
HBOS PLC        
6.750%, 05/21/2018 (S)   3,100,000   2,645,500

 

163

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
United Kingdom (continued)        
LBG Capital No.1 PLC        
7.375%, 03/12/2020 EUR 1,100,000 $ 1,039,713
11.040%, 03/19/2020 GBP 2,800,000   3,776,868
LBG Capital No.2 PLC        
7.625%, 12/09/2019   3,138,000   3,547,715
Lloyds TSB Bank PLC        
1.372%, 04/02/2012 (P) (S) $ 3,300,000   3,315,226
2.603%, 01/24/2014 (P)   900,000   876,083
Nationwide Building Society        
2.875%, 09/14/2015 EUR 4,700,000   6,303,417
4.625%, 09/13/2012   1,700,000   2,326,448
5.500%, 07/18/2012 (S) $ 4,100,000   4,233,672
5.500%, 07/18/2012   4,000,000   4,129,104
Pearson Dollar Finance Two PLC        
5.500%, 05/06/2013 (S)   3,000,000   3,192,333
Royal Bank of Scotland PLC        
2.625%, 05/11/2012 (S)   4,000,000   4,050,828
Tate & Lyle International Finance PLC        
5.000%, 11/15/2014 (S)   400,000   433,043
The Royal Bank of Scotland PLC        
0.579%, 03/30/2012 (P) (S)   13,900,000   13,907,895
2.750%, 06/18/2013 EUR 1,800,000   2,426,451
Virgin Media Secured Finance PLC        
7.000%, 01/15/2018 GBP 1,000,000   1,594,487
Westpac Securities NZ, Ltd.        
3.450%, 07/28/2014 (S) $ 4,300,000   4,618,295
 
        79,545,678
United States - 12.53%        
Ally Financial, Inc.        
6.000%, 12/15/2011   1,550,000   1,555,813
6.875%, 08/28/2012   1,000,000   1,018,750
7.000%, 02/01/2012   2,100,000   2,113,125
Altria Group, Inc.        
9.250%, 08/06/2019   4,000,000   5,249,108
American International Group, Inc.        
(8.000% to 05/22/2018, then 3 month        
EURIBOR + 4.450%)        
8.000%, 05/22/2038 EUR 5,600,000   5,852,027
American International Group, Inc.,        
Series A3 (4.875% to 03/15/2017, then        
3 month EURIBOR + 1.730%)        
4.875%, 03/15/2067   400,000   311,715
AutoZone, Inc.        
5.875%, 10/15/2012 $ 800,000   835,868
BA Covered Bond Issuer        
4.125%, 04/05/2012 EUR 6,700,000   9,033,027
Bank of America Corp.        
4.000%, 03/28/2018 (P)   1,600,000   1,456,681
Bank of America Corp. (4.750% to        
05/23/2012, then 1 month        
EURIBOR + 0.770%)        
4.750%, 05/23/2017   4,100,000   3,943,813
Boston Scientific Corp.        
6.400%, 06/15/2016 $ 1,600,000   1,789,392
Citigroup, Inc.        
0.607%, 06/09/2016 (P)   500,000   416,276
1.000%, 05/31/2017 (P) EUR 2,000,000   2,080,956
5.500%, 04/11/2013 to 10/15/2014 $ 850,000   882,996
6.000%, 08/15/2017   2,500,000   2,655,055
6.125%, 05/15/2018   3,100,000   3,328,517
CNA Financial Corp.        
5.850%, 12/15/2014   4,000,000   4,227,940
Computer Sciences Corp.        
6.500%, 03/15/2018   2,350,000   2,540,872

 

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
United States (continued)        
Dexia Credit Local/New York        
2.000%, 03/05/2013 (S) $ 5,000,000 $ 4,952,885
Ford Motor Credit Company LLC        
7.250%, 10/25/2011   5,100,000   5,106,365
GATX Financial Corp.        
5.500%, 02/15/2012   3,000,000   3,036,222
HCA, Inc.        
7.875%, 02/15/2020   200,000   207,000
International Lease Finance Corp.        
5.350%, 03/01/2012   1,100,000   1,089,000
5.875%, 05/01/2013   2,800,000   2,702,000
6.500%, 09/01/2014 (S)   2,800,000   2,800,000
6.625%, 11/15/2013   600,000   582,000
6.750%, 09/01/2016 (S)   2,300,000   2,305,750
JPMorgan & Company, Inc., Series A        
7.140%, 02/15/2012 (P)   360,000   363,467
JPMorgan Chase & Company        
3.450%, 03/01/2016   300,000   301,421
6.300%, 04/23/2019   500,000   566,320
Lehman Brothers Holdings, Inc.        
5.625%, 01/24/2013 (H)   4,500,000   1,080,000
6.875%, 05/02/2018 (H)   2,100,000   511,875
- 11/16/2009 (H)   4,100,000   948,125
Loews Corp.        
5.250%, 03/15/2016   400,000   435,217
Marsh & McLennan Companies, Inc.        
5.750%, 09/15/2015   910,000   1,014,189
Masco Corp.        
5.875%, 07/15/2012   300,000   305,330
Merrill Lynch & Company, Inc.        
1.317%, 01/31/2014 (P) EUR 3,000,000   3,552,751
6.750%, 05/21/2013   100,000   133,424
6.875%, 04/25/2018 $ 1,068,000   1,069,442
Morgan Stanley        
1.426%, 01/16/2017 EUR 300,000   319,298
1.853%, 01/24/2014 (P) $ 2,200,000   2,052,560
1.870%, 03/01/2013 (P) EUR 1,300,000   1,645,869
2.026%, 01/16/2017 (P)   1,200,000   1,277,192
Sealed Air Corp.        
5.625%, 07/15/2013 (S) $ 4,200,000   4,388,756
Simon Property Group LP        
6.125%, 05/30/2018   3,000,000   3,376,611
Spectra Energy Capital LLC        
6.200%, 04/15/2018   5,000,000   5,654,300
Springleaf Finance Corp.        
6.900%, 12/15/2017   3,000,000   2,160,000
Sprint Capital Corp.        
8.750%, 03/15/2032   300,000   260,625
Starwood Hotels & Resorts        
Worldwide, Inc.        
6.750%, 05/15/2018   3,000,000   3,217,500
The Bear Stearns Companies LLC        
7.250%, 02/01/2018   3,100,000   3,657,851
The Cleveland Electric Illuminating        
Company        
5.700%, 04/01/2017   3,000,000   3,298,227
The Goldman Sachs Group, Inc.        
2.551%, 02/02/2015 (P) EUR 1,800,000   2,156,562
Wal-Mart Stores, Inc.        
5.000%, 10/25/2040 $ 1,200,000   1,375,235
6.200%, 04/15/2038   500,000   646,429

 

164

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
United States (continued)        
WM Covered Bond Program        
4.000%, 09/27/2016 EUR 900,000 $ 1,255,208
 
        119,096,937
TOTAL CORPORATE BONDS (Cost $456,061,669)  $ 448,008,303
 
MUNICIPAL BONDS - 3.44%        
California - 1.56%        
Bay Area Toll Authority        
6.907%, 10/01/2050 $ 2,000,000   2,642,680
Golden State Tobacco Securitization Corp.      
5.125%, 06/01/2047   200,000   127,214
5.750%, 06/01/2047   6,505,000   4,588,107
Los Angeles Community College District      
6.750%, 08/01/2049   2,300,000   3,152,909
Metropolitan Water District Southern        
California 5.000%, 10/01/2036   45,000   45,945
State of California        
7.600%, 11/01/2040   2,600,000   3,249,402
7.700%, 11/01/2030   900,000   1,033,101
 
        14,839,358
Georgia - 0.08%        
Municipal Electric Authority of Georgia        
6.655%, 04/01/2057   700,000   743,148
 
        743,148
Illinois - 0.02%        
City of Chicago Illinois, Series A        
8.834%, 01/01/2014 (P)   230,000   232,850
 
        232,850
Iowa - 0.04%        
Iowa Tobacco Settlement Authority,        
Series A 6.500%, 06/01/2023   420,000   392,948
 
        392,948
New York - 0.41%        
City of New York 4.937%, 12/01/2019   2,700,000   3,063,339
New York City Municipal Water Finance        
Authority, Series 1289        
8.952%, 12/15/2013 (P)   300,000   326,310
Triborough Bridge & Tunnel Authority        
5.550%, 11/15/2040   400,000   482,576
 
        3,872,225
Ohio - 1.03%        
American Municipal Power, Inc.        
7.734%, 02/15/2033   1,600,000   2,090,176
8.084%, 02/15/2050   4,100,000   5,822,656
Buckeye Tobacco Settlement Financing        
Authority 5.875%, 06/01/2047   2,700,000   1,886,544
 
        9,799,376
Puerto Rico - 0.01%        
Puerto Rico Sales Tax Financing Corp.        
Zero Coupon 08/01/2054 (Z)   800,000   56,824
 
        56,824
Texas - 0.29%        
Northside Independent School District        
5.741%, 08/15/2035   900,000   949,509
5.891%, 08/15/2040   1,700,000   1,802,153
 
        2,751,662
TOTAL MUNICIPAL BONDS (Cost $30,155,087)  $ 32,688,391

 

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CAPITAL PREFERRED SECURITIES - 0.29%      
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 $ 2,568,333
 
        2,568,333
United States - 0.02%        
RBS Capital Trust I (4.709% to        
07/01/2013, then 3 month        
LIBOR + 1.865%) 07/01/2013 (I) (Q) $ 300,000   135,000
State Street Capital Trust IV        
1.347%, 06/15/2037 (P)   20,000   13,704
 
        148,704
TOTAL CAPITAL PREFERRED        
SECURITIES (Cost $1,585,519)   $ 2,717,037
 
COLLATERALIZED MORTGAGE        
OBLIGATIONS - 14.10%        
Australia - 1.25%        
Crusade Global Trust, Series 2005-2,        
Class A2        
5.070%, 08/14/2037 (P) AUD 3,521,188   3,294,186
Puma Finance, Ltd.        
Series 2006-G5, Class A1,        
0.368%, 02/21/2038 (P) (S) $ 591,801   567,122
Series 2005-P11, Class BA,        
5.225%, 08/22/2037 (P) AUD 2,365,330   2,211,344
Series 2004-P10, Class BA,        
5.350%, 07/12/2036 (P)   443,610   419,418
Swan, Series 2006-1E, Class A2        
4.970%, 05/12/2037 (P)   1,417,374   1,342,855
The Superannuation Member Home Loan        
Programme, Series 2009-3, Class A1        
6.210%, 11/07/2040 (P)   2,191,773   2,132,793
Torrens Trust, Series 2007-1, Class A        
5.210%, 10/19/2038 (P)   2,067,759   1,932,489
 
        11,900,207
Ireland - 0.19%        
Immeo Residential Finance PLC,        
Series 2007-2, Class A        
1.688%, 12/15/2016 (P) EUR 1,448,509   1,798,146
 
        1,798,146
Netherlands - 0.04%        
Atomium Mortgage Finance BV,        
Series 2003-I, Class A        
1.566%, 07/01/2034 (P)   50,730   65,244
Delphinus BV, Series 2001-II, Class A1        
1.829%, 11/28/2031 (P)   61,983   82,907
Dutch Mortgage Portfolio Loans BV,        
Series III, Class A        
1.785%, 11/20/2035 (P)   159,331   209,418
 
        357,569
United Kingdom - 3.39%        
Alba PLC, Series 2006-2, Class A3A        
1.088%, 12/15/2038 (P) GBP 320,391   374,231
Gosforth Funding PLC, Series 2011-1,        
Class A2        
2.283%, 04/24/2047 (P)   2,700,000   4,185,844
Great Hall Mortgages PLC        
Series 2007-1, Class A2A,        
1.052%, 03/18/2039 (P)   1,807,897   2,301,793
Series 2007-1, Class A2B,        
1.661%, 03/18/2039 (P) EUR 1,807,896   1,984,232

 

165

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
COLLATERALIZED MORTGAGE        
OBLIGATIONS (continued)        
United Kingdom (continued)        
Great Hall Mortgages PLC (continued)        
Series 2006-1, Class A2B,        
1.681%, 06/18/2038 (P) EUR 2,513,809 $ 2,877,910
Holmes Master Issuer PLC        
Series 2011-1A, Class A3,        
2.955%, 10/15/2054 (S) (P)   3,600,000   4,791,103
Series 2010-1A, Class A3,        
3.001%, 10/15/2054 (S)   4,500,000   6,022,375
Mansard Mortgages PLC, Series 2007-2X,        
Class A1        
1.568%, 12/15/2049 (P) GBP 5,005,191   5,942,029
Newgate Funding PLC, Series 2007-3X,        
Class A1        
1.518%, 12/15/2050 (P)   1,341,185   2,017,353
RMAC Securities PLC,        
Series 2006-NS1X, Class A2C        
1.682%, 06/12/2044 (P) EUR 1,606,856   1,743,684
 
        32,240,554
United States - 9.23%        
Adjustable Rate Mortgage Trust,        
Series 2005-5, Class 2A1        
2.871%, 09/25/2035 (P) $ 188,241   132,177
American Home Mortgage Assets,        
Series 2006-5, Class A1        
1.162%, 11/25/2046 (P)   1,141,787   492,382
American Home Mortgage        
Investment Trust, Series 2004-3,        
Class 5A        
2.258%, 10/25/2034 (P)   102,117   86,359
Banc of America Funding Corp.        
Series 2005-E , Class 1A1,        
0.521%, 05/20/2035 (P)   490,490   253,778
Series 2006-J, Class 4A1,        
5.747%, 01/20/2047 (P)   280,815   187,877
Banc of America Mortgage        
Securities, Inc., Series 2005-B,        
Class 2A2        
2.831%, 03/25/2035 (P)   1,406,150   1,112,883
BCAP LLC Trust, Series 2006-AA2,        
Class A1        
0.405%, 01/25/2037 (P)   2,824,560   1,401,516
Bear Stearns Adjustable        
Rate Mortgage Trust        
Series 2003-6, Class 1A1,        
2.595%, 08/25/2033 (P)   199,471   189,807
Series 2003-7, Class 6A,        
2.661%, 10/25/2033 (P)   182,826   173,090
Series 2005-2, Class A1,        
2.710%, 03/25/2035 (P)   2,347,040   2,177,511
Series 2005-2, Class A2,        
2.731%, 03/25/2035 (P)   854,661   805,457
Series 2004-2, Class 23A,        
2.814%, 05/25/2034 (P)   128,254   119,429
Series 2003-9, Class 2A1,        
2.846%, 02/25/2034 (P)   32,574   28,028
Series 2004-2, Class 22A,        
2.876%, 05/25/2034 (P)   370,089   330,370
Series 2004-9, Class 22A1,        
3.284%, 11/25/2034 (P)   151,715   141,114
Series 2005-12, Class 23A1,        
5.653%, 02/25/2036 (P)   1,231,131   727,775

 

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
COLLATERALIZED MORTGAGE        
OBLIGATIONS (continued)        
United States (continued)        
Bear Stearns Alt-A Trust        
Series 2006-1, Class 21A2,        
2.725%, 02/25/2036 (P) $ 2,364,798 $ 904,110
Series 2005-7, Class 22A1,        
2.772%, 09/25/2035 (P)   1,504,724   1,015,389
Series 2005-9, Class 24A1,        
2.813%, 11/25/2035 (P)   1,195,290   654,149
Bear Stearns Structured Products, Inc.,        
Series 2007-R6, Class 1A1        
2.572%, 01/26/2036 (P)   2,536,058   1,509,077
Citigroup Mortgage Loan Trust, Inc.        
Series 2005-6, Class A1,        
2.370%, 08/25/2035 (P)   768,802   698,844
Series 2005-6, Class A2,        
2.450%, 08/25/2035 (P)   860,506   712,669
Series 2006-AR1, Class 1A1,        
2.660%, 10/25/2035 (P)   341,776   268,323
Citigroup/Deutsche Bank Commercial        
Mortgage Trust, Series 2007-CD4,        
Class A4        
5.322%, 12/11/2049   5,600,000   5,776,473
Commercial Mortgage Pass Through        
Certificates, Series 2010-C1, Class A1        
3.156%, 07/10/2046 (S)   2,947,195   2,974,459
Countrywide Alternative Loan Trust        
Series 2007-OA7, Class A1A,        
0.415%, 05/25/2047 (P)   2,596,901   1,413,046
Series 2006-OA9, Class 2A1B,        
0.431%, 07/20/2046 (P)   845,497   326,988
Series 2007-11T1, Class A12,        
0.585%, 05/25/2037 (P)   646,701   323,889
Series 2005-56, Class 2A3,        
1.742%, 11/25/2035 (P)   204,064   109,966
Series 2005-56, Class 2A2,        
2.282%, 11/25/2035 (P)   170,169   91,946
Series 2005-21CB, Class A3,        
5.250%, 06/25/2035   282,954   233,335
Series 2007-7T2, Class A9,        
6.000%, 04/25/2037   369,076   249,016
Series 2007-16CB, Class 5A1,        
6.250%, 08/25/2037   289,757   177,291
Countrywide Home Loan Mortgage        
Pass Through Trust        
Series 2005-2, Class 2A1,        
0.555%, 03/25/2035 (P)   146,961   87,763
Series 2004-25, Class 1A1,        
0.565%, 02/25/2035 (P)   63,996   44,117
Series 2004-25, Class 2A1,        
0.575%, 02/25/2035 (P)   96,328   64,927
Series 2004-HYB5, Class 2A1,        
2.699%, 04/20/2035 (P)   144,116   130,310
Series 2004-12, Class 11A1,        
2.793%, 08/25/2034 (P)   115,739   80,889
Series 2004-22, Class A3,        
3.033%, 11/25/2034 (P)   372,305   280,116
Credit Suisse First Boston        
Mortgage Securities Corp.        
Series 2002-AR13, Class 3A,        
1.836%, 05/25/2032 (P)   5,285   4,786
Series 2003-AR18, Class 2A3,        
2.440%, 07/25/2033 (P)   30,944   26,477
Series 2003-AR20, Class 2A1,        
2.569%, 08/25/2033 (P)   499,782   473,891

 

166

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
COLLATERALIZED MORTGAGE        
OBLIGATIONS (continued)        
United States (continued)        
Credit Suisse First Boston Mortgage        
Securities Corp. (continued)        
Series 2003-8, Class 5A1,        
6.500%, 04/25/2033 $ 29,978 $ 31,543
Credit Suisse Mortgage Capital        
Certificates, Series 2007-C3, Class A2        
5.903%, 06/15/2039 (P)   947,854   959,317
Downey Savings & Loan Association        
Mortgage Loan Trust, Series 2006-AR2,        
Class 2AB3        
0.540%, 11/19/2037 (P)   2,600,000   120,593
Federal Home Loan Mortgage Corp.        
Series 2752, Class FM,        
0.579%, 12/15/2030 (P)   61,850   61,888
Series T-62, Class 1A1,        
1.451%, 10/25/2044 (P)   2,011,789   1,936,411
Federal National Mortgage Association        
Series 2004-W2, Class 5AF,        
0.585%, 03/25/2044 (P)   102,504   97,711
Series 2002-W8, Class F,        
0.635%, 09/25/2032 (P)   28,395   28,257
Series 2010-136, Class FA,        
0.735%, 12/25/2040 (P)   3,572,054   3,559,926
First Horizon Asset Securities, Inc.        
Series 2003-AR4, Class 2A1,        
2.566%, 12/25/2033 (P)   176,172   160,587
Series 2005-AR3, Class 2A1,        
2.746%, 08/25/2035 (P)   183,502   145,503
First Republic Mortgage Loan Trust,        
Series 2001-FRB1, Class A        
0.579%, 11/15/2031 (P)   104,904   95,808
GMAC Mortgage Corp. Loan Trust,        
Series 2004-AR1, Class 22A        
2.959%, 06/25/2034 (P)   36,523   29,938
Government National Mortgage        
Association, Series 2004-68, Class ZC        
6.000%, 08/20/2034   3,819,929   4,541,704
Greenpoint Mortgage Funding Trust        
Series 2006-AR6, Class A1A,        
0.315%, 10/25/2046 (P)   374,742   345,459
Series 2006-OH1, Class A1,        
0.415%, 01/25/2037 (P)   364,297   195,015
Greenpoint Mortgage Pass-Through        
Certificates, Series 2003-1, Class A1        
2.810%, 10/25/2033 (P)   31,455   25,252
GSR Mortgage Loan Trust, Series 2003-1,        
Class A2        
1.850%, 03/25/2033 (P)   166,500   156,065
Harborview Mortgage Loan Trust        
Series 2006-12, Class 2A2A,        
0.420%, 01/19/2038 (P)   853,433   512,440
Series 2005-4, Class 3A1,        
2.765%, 07/19/2035 (P)   76,007   51,001
Series 2003-1, Class A,        
2.955%, 05/19/2033 (P)   340,061   306,996
Indymac Index Mortgage Loan Trust,        
Series 2004-AR11, Class 2A        
2.662%, 12/25/2034 (P)   115,810   80,007
JPMorgan Alternative Loan Trust,        
Series 2006-A6, Class 2A1        
5.500%, 11/25/2036 (P)   491,461   461,565
JPMorgan Mortgage Trust        
Series 2003-A2, Class 3A1,        
2.105%, 11/25/2033 (P)   182,101   173,194

 

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
COLLATERALIZED MORTGAGE        
OBLIGATIONS (continued)        
United States (continued)        
JPMorgan Mortgage Trust (continued)        
Series 2007-A1, Class 5A6,        
2.860%, 07/25/2035 (P) $ 785,527 $ 577,317
Series 2007-A1, Class 5A5,        
2.860%, 07/25/2035 (P)   864,080   812,601
Series 2006-S2, Class 1A3,        
5.500%, 07/25/2036   1,451,551   1,343,156
Mastr Adjustable Rate Mortgages Trust,        
Series 2007-HF1, Class A1        
0.475%, 05/25/2037 (P)   528,773   227,820
Mellon Residential Funding Corp.,        
Series 2000-TBC3, Class A1        
0.669%, 12/15/2030 (P)   67,721   61,758
Merrill Lynch Commercial Trust,        
Series 2008-LAQA, Class A1        
0.764%, 07/09/2021 (P) (S)   2,699,443   2,599,034
Merrill Lynch Mortgage Investors, Inc.        
Series 2005-A10, Class A,        
0.445%, 02/25/2036 (P)   5,383,736   3,570,758
Series 2005-A8, Class A3A2,        
0.485%, 08/25/2036 (P)   184,864   138,100
Series 2003-A2, Class 1A1,        
2.277%, 02/25/2033 (P)   197,877   172,014
Merrill Lynch/Countrywide        
Commercial Mortgage Trust        
Series 2006-3, Class A4,        
5.414%, 07/12/2046 (P)   2,400,000   2,577,305
Series 2007-8, Class A3,        
6.166%, 08/12/2049 (P)   3,200,000   3,365,606
MLCC Mortgage Investors, Inc.        
Series 2005-3, Class 4A,        
0.485%, 11/25/2035 (P)   1,292,913   1,058,478
Series 2005-2, Class 1A,        
1.653%, 10/25/2035 (P)   1,169,300   1,012,760
NCUA Guaranteed Notes        
Series 2010-R2, Class 1A,        
0.594%, 11/06/2017 (P)   12,031,872   12,035,601
Series 2010-R1, Class 1A,        
0.674%, 10/07/2020 (P)   4,450,074   4,457,016
Residential Accredit Loans, Inc.        
Series 2007-QO2, Class A1,        
0.385%, 02/25/2047 (P)   747,936   323,162
Series 2006-QO6, Class A1,        
0.415%, 06/25/2046 (P)   3,058,947   1,039,198
Series 2007-QH4, Class A2,        
0.465%, 05/25/2037 (P)   1,046,039   237,772
Series 2006-QA2, Class 2A1,        
5.714%, 02/25/2036 (P)   917,413   416,773
Residential Asset Securitization Trust        
Series 2006-R1, Class A2,        
0.635%, 01/25/2046 (P)   795,124   334,630
Series 2005-A15, Class 5A1,        
5.750%, 02/25/2036   497,715   334,399
Residential Funding Mortgage        
Securities I, Series 2005-SA4,        
Class 1A21        
3.033%, 09/25/2035 (P)   212,077   134,565
Sequoia Mortgage Trust        
Series 5, Class A,        
0.580%, 10/19/2026 (P)   48,813   41,730
Series 2003-4, Class 2A1,        
0.581%, 07/20/2033 (P)   265,050   220,792

 

167

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
COLLATERALIZED MORTGAGE        
OBLIGATIONS (continued)        
United States (continued)        
Structured Adjustable Rate        
Mortgage Loan Trust        
Series 2004-1, Class 4A1,        
2.488%, 02/25/2034 (P) $ 211,518 $ 191,304
Series 2004-4, Class 3A2,        
2.534%, 04/25/2034 (P)   503,893   409,842
Series 2005-18, Class 6A1,        
2.535%, 09/25/2035 (P)   493,703   381,068
Series 2004-12, Class 7A1,        
2.596%, 09/25/2034 (P)   586,994   542,999
Structured Asset        
Mortgage Investments, Inc.        
Series 2006-AR5, Class 1A1,        
0.445%, 05/25/2046 (P)   808,352   415,537
Series 2004-AR3, Class 1A2,        
0.810%, 07/19/2034 (P)   121,674   99,733
Thornburg Mortgage Securities Trust        
Series 2006-6, Class A1,        
0.345%, 11/25/2046 (P)   1,070,749   1,065,457
Series 2003-5, Class 1A,        
2.984%, 10/25/2043 (P)   1,193,894   985,600
Wachovia Bank Commercial        
Mortgage Trust, Series 2006-C28,        
Class A4        
5.572%, 10/15/2048   192,000   203,867
WaMu Mortgage Pass-        
Through Certificates        
Series 2005-AR6, Class 2A1A,        
0.465%, 04/25/2045 (P)   155,161   120,490
Series 2005-AR15, Class A1A1,        
0.495%, 11/25/2045 (P)   290,363   224,053
Series 2005-AR2, Class 2A1A,        
0.545%, 01/25/2045 (P)   75,617   57,562
Series 2006-AR19, Class 1A,        
0.982%, 01/25/2047 (P)   806,203   426,648
Series 2006-AR9, Class 1A,        
1.242%, 08/25/2046 (P)   568,939   358,133
Series 2002-AR17, Class 1A,        
1.442%, 11/25/2042 (P)   437,061   356,945
Series 2003-AR9, Class 1A6,        
2.473%, 09/25/2033 (P)   720,120   681,777
Series 2003-AR5, Class A7,        
2.580%, 06/25/2033 (P)   148,279   141,528
Series 2002-AR2, Class A,        
2.600%, 02/27/2034 (P)   98,687   92,921
Washington Mutual Alternative Mortgage      
Pass-Through Certificates,        
Series 2006-AR5, Class 3A        
1.182%, 07/25/2046 (P)   569,128   206,735
Wells Fargo Mortgage Backed        
Securities Trust, Series 2005-AR11,        
Class 1A1        
2.777%, 06/25/2035 (P)   2,785,338   2,637,136
 
        87,759,659
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $150,700,645)    $ 134,056,135
 
ASSET BACKED SECURITIES - 3.22%      
Canada - 0.05%        
Ford Auto Securitization Trust,        
Series 2009-R1A, Class A2        
4.817%, 10/15/2012 (S) CAD 463,257   444,380
 
        444,380

 

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
ASSET BACKED SECURITIES (continued)      
Cayman Islands - 0.83%        
Commercial Industrial Finance Corp.,        
Series 2007-1A, Class A1l        
0.535%, 05/10/2021 (P) (S) $ 2,100,000 $ 1,907,298
Duane Street CLO, Series 2005-1A,        
Class A2 0.519%, 11/08/2017 (P) (S)   1,455,563   1,400,821
First CLO, Ltd., Series 2004-2a1,        
Class A2 0.653%, 12/14/2016 (P) (S)   334,713   324,976
Gulf Stream Compass CLO, Ltd.,        
Series 2003-1A, Class A        
0.849%, 08/27/2015 (P) (S)   430,110   419,275
Landmark CDO, Ltd., Series 2005-1A,        
Class A1L 0.626%, 06/01/2017 (P) (S)   2,154,785   2,075,224
Pacifica CDO, Ltd., Series 2004-4x,        
Class A1l 0.636%, 02/15/2017 (P)   1,797,583   1,747,385
 
        7,874,979
Ireland - 0.69%        
Aquilae CLO PLC, Series 2006-1X,        
Class A 2.057%, 01/17/2023 (P) EUR 3,596,685   4,523,877
Magnolia Funding, Ltd., Series 2010-1A,        
Class A 1.835%, 04/11/2021 (P) (S)   1,673,071   2,071,036
 
        6,594,913
Luxembourg - 0.12%        
Penta CLO SA, Series 2007-1X, Class A1        
1.934%, 06/04/2024 (P)   968,307   1,122,155
 
        1,122,155
Netherlands - 0.34%        
Globaldrive BV, Series 2011-AA, Class A        
2.096%, 04/20/2019 (S)   2,422,804   3,224,073
 
        3,224,073
United Kingdom - 0.05%        
Bumper 2 SA, Series 2009-3, Class A        
3.035%, 06/20/2022 (P)   342,728   459,727
 
        459,727
United States - 1.14%        
Access Group, Series 2008-1, Class A        
1.553%, 10/27/2025 (P) $ 1,785,429   1,797,630
Aegis Asset Backed Securities Trust,        
Series 2005-4, Class 1A4        
0.605%, 10/25/2035 (P)   3,100,000   2,373,713
Amortizing Residential Collateral Trust,        
Series 2002-BC4, Class A        
0.815%, 07/25/2032 (P)   6,344   5,429
Amresco Residential Securities,        
Series 1999-1, Class A        
1.175%, 06/25/2029 (P)   27,650   21,693
First Alliance Mortgage Loan,        
Series 1997-4, Class A3        
0.461%, 12/20/2027 (P)   24,990   17,210
GSRPM Mortgage Loan Trust,        
Series 2003-1, Class A2        
0.935%, 01/25/2032 (P)   28,219   26,596
Home Equity Asset Trust, Series 2002-1,        
Class A4 0.835%, 11/25/2032 (P)   1,283   895
Residential Asset Mortgage Products, Inc.,        
Series 2002-RS3        
0.795%, 06/25/2032 (P)   13,177   10,284
Residential Asset Securities Corp.,        
Series 2002-KS4, Class AIIB        
0.735%, 07/25/2032 (P)   37,619   21,413

 

168

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
ASSET BACKED SECURITIES (continued)      
United States (continued)        
Securitized Asset Backed        
Receivables LLC Trust,        
Series 2007-NC1, Class A2A        
0.285%, 12/25/2036 (P) $ 225,062 $ 150,153
SLM Student Loan Trust, Series 2009-B,        
Class A1 6.229%, 07/15/2042 (P) (S)   4,328,896   4,057,702
Small Business Administration        
Participation Certificates,        
Series 2000-20K, Class 1        
7.220%, 11/01/2020   79,058   87,997
The Plymouth Rock CLO, Ltd.,        
Series 2010-1A, Class A        
1.790%, 02/16/2019 (P) (S)   1,848,664   1,827,425
United States Small Business        
Administration, Series 2004-10A,        
Class 1 4.120%, 03/10/2014   467,332   487,405
 
        10,885,545
TOTAL ASSET BACKED SECURITIES (Cost $31,401,465)  $ 30,605,772
 
TERM LOANS - 0.62%        
Germany - 0.30%        
Kabel Deutschland Holding AG        
5.357%, 12/13/2016 EUR 2,200,000   2,841,527
 
        2,841,527
United States - 0.32%        
Springleaf Finance Funding Company        
5.500%, 05/10/2017 $ 3,500,000   3,053,750
TOTAL TERM LOANS (Cost $6,386,641)    $ 5,895,277
 
PREFERRED SECURITIES - 0.23%        
United States - 0.23%        
DG Funding Trust, 0.850% (P) (S) $ 236 $ 1,964,663
SLM Corp., 5.620%   9,800   203,840
 
        2,168,503
TOTAL PREFERRED SECURITIES (Cost $2,611,850)  $ 2,168,503
 
SHORT -TERM INVESTMENTS - 6.09%        
U.S. Government* - 2.86%        
U.S. Treasury Bill        
0.005%, 12/08/2011 (F) $ 967,000 $ 966,991
0.006%, 10/20/2011   67,000   67,000
0.015%, 01/19/2012   50,000   49,997
0.017%, 12/01/2011   440,000   439,995
0.025%, 11/17/2011   623,000   622,988
0.025%, 11/25/2011 (F)   113,000   112,999
0.030%, 03/22/2012 (F)   7,800,000   7,798,844
0.034%, 03/01/2012   660,000   659,925
0.035%, 03/29/2012   4,800,000   4,799,183
0.038%, 11/10/2011   1,091,000   1,090,975
0.040%, 02/23/2012 (F)   3,860,000   3,859,529
0.050%, 03/15/2012   6,500,000   6,499,280
0.260%, 03/08/2012   200,000   199,961
 
        27,167,667
Repurchase Agreement - 3.23%        
Bank of America Tri-Party Repurchase        
Agreement dated 09/30/2011 at 0.090%        
to be repurchased at $19,700,148 on        
10/03/2011, collateralized by        
$20,186,000 U.S. Treasury Notes,        
1.375% due 09/30/2018 (valued at        
$20,148,151, including interest)   19,700,000   19,700,000

 

Global Bond Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
SHORT-TERM INVESTMENTS (continued)      
Repurchase Agreement (continued)        
Citigroup Tri-Party Repurchase        
Agreement dated 09/30/2011 at 0.100%        
to be repurchased at $6,600,055 on        
10/03/2011, collateralized by        
$6,425,000 Federal National Mortgage        
Association, 5.250% due 08/01/2012        
(valued at $6,690,237,        
including interest) $ 6,600,000 $ 6,600,000
Goldman Sachs Tri-Party Repurchase        
Agreement dated 09/30/2011 at 0.050%        
to be repurchased at $4,000,017 on        
10/03/2011, collateralized by        
$3,797,347 Federal National Mortgage        
Association, 5.500% due 08/01/2037        
(valued at $4,148,245,        
including interest)   4,000,000   4,000,000
Repurchase Agreement with State        
Street Corp. dated 09/30/2011 at        
0.010% to be repurchased at $432,000        
on 10/03/2011, collateralized by        
$445,000 Federal Home Loan Bank,        
0.200% due 09/14/2012 (valued at        
$445,000, including interest)   432,000   432,000
 
        30,732,000
TOTAL SHORT-TERM INVESTMENTS (Cost $57,899,667)  $ 57,899,667
Total Investments (Global Bond Trust)        
(Cost $1,153,336,180) - 119.54%    $ 1,136,245,977
Other assets and liabilities, net - (19.54%)     (185,761,797)
 
TOTAL NET ASSETS - 100.00%    $ 950,484,180
 
 
 
 
Growth Equity Trust        
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS - 98.20%        
Consumer Discretionary - 13.24%        
Hotels, Restaurants & Leisure - 1.22%        
Las Vegas Sands Corp. (I)   127,940 $ 4,905,220
Internet & Catalog Retail - 4.32%        
Amazon.com, Inc. (I)   65,620   14,189,013
priceline.com, Inc. (I)(L)   7,080   3,182,177
 
        17,371,190
Specialty Retail - 3.16%        
Abercrombie & Fitch Company, Class A   84,060   5,174,734
Dick’s Sporting Goods, Inc. (I)(L)   115,540   3,865,968
Limited Brands, Inc. (L)   95,950   3,695,035
 
        12,735,737
Textiles, Apparel & Luxury Goods - 4.54%      
Coach, Inc.   82,540   4,278,048
NIKE, Inc., Class B   92,660   7,923,357
Ralph Lauren Corp.   46,760   6,064,772
 
        18,266,177
 
        53,278,324
Consumer Staples - 7.54%        
Beverages - 4.20%        
Hansen Natural Corp. (I)(L)   57,580   5,026,158

 

169

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Growth Equity Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
COMMON STOCKS (continued)      
Beverages (continued)      
The Coca-Cola Company 175,900 $ 11,883,804
 
      16,909,962
Food & Staples Retailing - 2.03%      
Costco Wholesale Corp. 99,510   8,171,761
Personal Products - 1.31%      
The Estee Lauder Companies, Inc., Class A 60,120   5,280,941
 
      30,362,664
Energy - 7.87%      
Energy Equipment & Services - 5.19%      
Baker Hughes, Inc. 138,730   6,403,777
Ensco International PLC, ADR 106,970   4,324,797
Schlumberger, Ltd. 170,200   10,166,046
 
      20,894,620
Oil, Gas & Consumable Fuels - 2.68%      
Noble Energy, Inc. 103,290   7,312,932
Plains Exploration & Production Company (I) 152,500   3,463,275
 
      10,776,207
 
      31,670,827
Financials - 5.41%      
Capital Markets - 1.34%      
Franklin Resources, Inc. 56,310   5,385,488
Consumer Finance - 1.56%      
American Express Company 140,310   6,299,919
Diversified Financial Services - 2.51%      
CME Group, Inc. 11,660   2,873,024
IntercontinentalExchange, Inc. (I) 61,180   7,235,147
 
      10,108,171
 
      21,793,578
Health Care - 13.27%      
Biotechnology - 2.26%      
Alexion Pharmaceuticals, Inc. (I) 57,990   3,714,839
Biogen Idec, Inc. (I) 57,820   5,385,933
 
      9,100,772
Health Care Providers & Services - 2.10%      
AmerisourceBergen Corp. 131,870   4,914,795
Express Scripts, Inc. (I)(L) 95,750   3,549,453
 
      8,464,248
Health Care Technology - 1.95%      
Cerner Corp. (I) 54,980   3,767,230
SXC Health Solutions Corp. (I) 73,610   4,100,077
 
      7,867,307
Life Sciences Tools & Services - 1.59%      
Agilent Technologies, Inc. (I) 204,110   6,378,438
Pharmaceuticals - 5.37%      
Allergan, Inc. 95,230   7,845,047
Perrigo Company 51,410   4,992,425
Shire PLC, ADR 45,690   4,291,662
Valeant Pharmaceuticals International, Inc.      
(Toronto Exchange) 120,820   4,484,838
 
      21,613,972
 
      53,424,737
Industrials - 11.90%      
Aerospace & Defense - 3.78%      
Goodrich Corp. 40,640   4,904,435

 

Growth Equity Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Aerospace & Defense (continued)      
Precision Castparts Corp. (L) 66,420 $ 10,325,653
 
      15,230,088
Air Freight & Logistics - 1.34%      
Expeditors International of Washington, Inc. 132,690   5,380,580
Construction & Engineering - 0.71%      
Fluor Corp. 61,140   2,846,067
Electrical Equipment - 1.38%      
AMETEK, Inc. 168,870   5,567,644
Machinery - 3.03%      
Cummins, Inc. 35,890   2,930,777
Eaton Corp. 101,300   3,596,150
Joy Global, Inc. (L) 90,670   5,655,995
 
      12,182,922
Road & Rail - 1.66%      
CSX Corp. 357,500   6,674,525
 
      47,881,826
Information Technology - 32.59%      
Communications Equipment - 4.83%      
F5 Networks, Inc. (I) 43,350   3,080,018
Polycom, Inc. (I) 157,320   2,889,968
QUALCOMM, Inc. 224,360   10,910,627
Riverbed Technology, Inc. (I) 127,920   2,553,283
 
      19,433,896
Computers & Peripherals - 8.70%      
Apple, Inc. (I) 70,130   26,732,153
EMC Corp. (I) 316,680   6,647,113
NetApp, Inc. (I)(L) 48,430   1,643,714
 
      35,022,980
Electronic Equipment, Instruments & Components - 0.39%    
Trimble Navigation, Ltd. (I) 47,240   1,584,902
Internet Software & Services - 3.94%      
Baidu, Inc., ADR (I) 40,410   4,320,233
Google, Inc., Class A (I) 22,460   11,552,975
 
      15,873,208
IT Services - 5.18%      
Cognizant Technology      
Solutions Corp., Class A (I) 99,210   6,220,467
MasterCard, Inc., Class A 18,790   5,959,436
Visa, Inc., Class A 101,050   8,662,006
 
      20,841,909
Semiconductors & Semiconductor Equipment - 2.79%    
Altera Corp. 79,640   2,511,049
Avago Technologies, Ltd. 109,680   3,594,214
Broadcom Corp., Class A (I) 153,410   5,107,019
 
      11,212,282
Software - 6.76%      
Autodesk, Inc. (I) 113,120   3,142,474
Check Point Software Technologies, Ltd. (I)(L) 90,970   4,799,577
Citrix Systems, Inc. (I) 67,270   3,668,233
Intuit, Inc. 84,080   3,988,755
Oracle Corp. 323,020   9,283,595
Salesforce.com, Inc. (I)(L) 20,400   2,331,312
 
      27,213,946
 
      131,183,123

 

170

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Growth Equity Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
COMMON STOCKS (continued)        
Materials - 3.80%        
Chemicals - 1.69%        
E.I. du Pont de Nemours & Company (L)   65,700 $ 2,626,029
Potash Corp. of Saskatchewan, Inc.   96,840   4,185,425
 
        6,811,454
Metals & Mining - 2.11%        
Allegheny Technologies, Inc. (L)   72,070   2,665,869
Barrick Gold Corp.   124,950   5,828,918
 
        8,494,787
 
 
        15,306,241
Telecommunication Services - 2.01%        
Wireless Telecommunication Services - 2.01%      
American Tower Corp., Class A (I)   150,590   8,101,740
Utilities - 0.57%        
Electric Utilities - 0.57%        
ITC Holdings Corp.   29,390   2,275,668
TOTAL COMMON STOCKS (Cost $381,784,041)  $ 395,278,728
SECURITIES LENDING COLLATERAL - 7.03%      
John Hancock Collateral        
Investment Trust, 0.2515% (W)(Y)   2,826,179   28,276,481
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $28,273,112)    $ 28,276,481
SHORT-TERM INVESTMENTS - 1.20%      
Repurchase Agreement - 1.20%        
Repurchase Agreement with State Street Corp.      
dated 9/30/11 at 0.010% to be repurchased      
at $4,827,004 on 10/3/11, collateralized by      
$4,785,000 U.S. Treasury Notes, 1.500%        
due 12/31/13 (valued at $4,928,550,        
including interest) $ 4,827,000 $ 4,827,000
TOTAL SHORT-TERM INVESTMENTS (Cost $4,827,000)  $ 4,827,000
Total Investments (Growth Equity Trust)        
(Cost $414,884,153) - 106.43%    $ 428,382,209
Other assets and liabilities, net - (6.43%)       (25,862,904)
 
TOTAL NET ASSETS - 100.00%    $ 402,519,305
 
 
 
Health Sciences Trust        
    Shares or    
    Principal    
    Amount   Value
 
COMMON STOCKS - 102.31%        
Consumer Staples - 0.69%        
Food & Staples Retailing - 0.69%        
Raia SA (I)   18,600 $ 254,232
Shoppers Drug Mart Corp.   18,500   721,180
 
        975,412
 
        975,412
Health Care - 99.21%        
Biotechnology - 36.35%        
Achillion Pharmaceuticals, Inc. (I)   12,400   58,528
Acorda Therapeutics, Inc. (I)   25,561   510,198
Alexion Pharmaceuticals, Inc. (I)   185,640   11,892,098
Alkermes PLC (I)   127,000   1,938,020
Allos Therapeutics, Inc. (I)   37,200   68,448

 

Health Sciences Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Biotechnology (continued)      
AMAG Pharmaceuticals, Inc. (I) 30,600 $ 451,656
Amarin Corp. PLC, ADR (I) 53,100   488,520
Amgen, Inc. 49,800   2,736,510
Amylin Pharmaceuticals, Inc. (I) 38,700   357,201
Anacor Pharmaceuticals, Inc. (I) 39,300   224,010
Ardea Biosciences, Inc. (I) 21,100   329,582
Arqule, Inc. (I) 12,700   64,135
Basilea Pharmaceutica (I) 1,397   59,542
Biocon, Ltd. 13,200   90,834
BioCryst Pharmaceuticals, Inc. (I) 24,800   68,448
Biogen Idec, Inc. (I) 7,719   719,025
BioMarin Pharmaceutical, Inc. (I) 61,000   1,944,070
BioMimetic Therapeutics, Inc. (I) 10,900   35,970
Celgene Corp. (I) 53,966   3,341,575
Cubist Pharmaceuticals, Inc. (I) 31,100   1,098,452
Dendreon Corp. (I) 43,600   392,400
Dyadic International, Inc. (I) 18,900   30,240
Exelixis, Inc. (I) 162,400   886,704
Gilead Sciences, Inc. (I) 102,496   3,976,845
GTx, Inc. (I) 23,900   80,065
Halozyme Therapeutics, Inc. (I) 16,700   102,538
Human Genome Sciences, Inc. (I) 89,900   1,140,831
Idenix Pharmaceuticals, Inc. (I) 142,504   711,095
Incyte Corp. (I) 197,400   2,757,678
Infinity Pharmaceuticals, Inc. (I) 17,175   121,084
Intercell AG (I) 7,274   19,504
InterMune, Inc. (I) 56,300   1,137,260
Ironwood Pharmaceuticals, Inc. (I) 7,000   75,600
Lexicon Pharmaceuticals, Inc. (I) 42,900   39,464
Medivation, Inc. (I) 12,400   210,552
Micromet, Inc. (I) 16,300   78,240
Momenta Pharmaceuticals, Inc. (I) 24,600   282,900
Neurocrine Biosciences, Inc. (I) 60,900   364,182
NPS Pharmaceuticals, Inc. (I) 51,500   335,265
Onyx Pharmaceuticals, Inc. (I) 18,638   559,326
Pharmacyclics, Inc. (I) 97,200   1,149,876
Pharmasset, Inc. (I) 43,800   3,607,806
Poniard Pharmaceuticals, Inc. (I) 97,645   12,206
Regeneron Pharmaceuticals, Inc. (I) 37,900   2,205,780
Rigel Pharmaceuticals, Inc. (I) 47,700   351,072
Savient Pharmaceuticals, Inc. (I) 8,500   34,850
Seattle Genetics, Inc. (I) 34,600   659,476
Sinovac Biotech, Ltd. (I) 30,700   68,461
Swedish Orphan Biovitrum AB (I) 72,564   171,975
Targacept, Inc. (I) 12,500   187,500
Theravance, Inc. (I) 35,000   704,900
United Therapeutics Corp. (I) 5,000   187,450
Vertex Pharmaceuticals, Inc. (I) 36,104   1,608,072
Vical, Inc. (I) 49,500   122,760
Ym Biosciences, Inc. (I) 140,500   259,925
 
      51,110,704
Health Care Equipment & Supplies - 15.90%      
Arthrocare Corp. (I) 15,500   445,935
Baxter International, Inc. 60,400   3,390,856
China Kanghui Holdings, Inc., ADR (I) 26,200   510,900
Conceptus, Inc. (I) 51,800   542,346
Covidien PLC 71,425   3,149,843
DENTSPLY International, Inc. 94,550   2,901,740
Dynavox, Inc., Class A (I) 19,100   68,760
Edwards Lifesciences Corp. (I) 22,700   1,618,056
Endologix, Inc. (I) 10,200   102,408
Enteromedics, Inc. (I) 77,450   133,214
Genmark Diagnostics Inc. (I) 42,000   241,500
HeartWare International, Inc. (I) 15,300   985,473

 

171

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Health Care Equipment & Supplies (continued)      
Hill-Rom Holdings, Inc. 9,900 $ 297,198
IDEXX Laboratories, Inc. (I) 23,300   1,607,001
Insulet Corp. (I) 31,100   474,586
Intuitive Surgical, Inc. (I) 800   291,424
Nobel Biocare Holding AG (I) 8,362   83,735
Shandong Weigao Group Medical      
Polymer Company, Ltd. 316,000   353,035
Sonova Holding AG (I) 1,963   177,138
Straumann Holding AG 1,200   187,614
Stryker Corp. 56,100   2,643,993
Tornier BV (I) 4,700   96,303
Volcano Corp. (I) 16,700   494,821
Zimmer Holdings, Inc. (I) 29,200   1,562,200
 
      22,360,079
Health Care Providers & Services - 21.94%      
AMERIGROUP Corp. (I) 38,600   1,505,786
AmerisourceBergen Corp. 62,500   2,329,375
Amil Participacoes SA 7,000   62,359
Bangkok Dusit Medical Services PCL 466,600   960,669
Catalyst Health Solutions, Inc. (I) 25,700   1,482,633
Centene Corp. (I) 46,900   1,344,623
Community Health Systems, Inc. (I) 16,600   276,224
DaVita, Inc. (I) 16,795   1,052,543
Express Scripts, Inc. (I) 31,300   1,160,291
Fleury SA 29,500   352,070
Fortis Healthcare, Ltd. (I) 113,534   291,107
Fresenius Medical Care AG 12,902   874,098
Fresenius SE & Company KGaA 2,653   235,452
HCA Holdings, Inc. (I) 30,600   616,896
Health Management      
Associates, Inc., Class A (I) 89,300   617,956
Henry Schein, Inc. (I) 33,700   2,089,737
HMS Holdings Corp. (I) 21,800   531,702
Laboratory Corp. of America Holdings (I) 3,600   284,580
LCA-Vision, Inc. (I) 52,104   111,503
McKesson Corp. 38,900   2,828,030
Mednax, Inc. (I) 18,400   1,152,576
Odontoprev SA 14,300   211,353
Owens & Minor, Inc. 14,300   407,264
Profarma Distribuidora de      
Produtos Farmaceuticos SA 47,100   250,499
Quest Diagnostics, Inc. 7,000   345,520
Select Medical Holdings Corp. (I) 58,500   390,195
Shanghai Pharmaceuticals      
Holding Company, Ltd. (I) 273,500   584,200
Sinopharm Group Company, Ltd. 69,600   181,683
Triple-S Management Corp., Class B (I) 18,400   308,200
UnitedHealth Group, Inc. 66,800   3,080,816
Universal Health Services, Inc., Class B 50,250   1,708,500
WellCare Health Plans, Inc. (I) 23,300   884,934
WellPoint, Inc. 35,800   2,337,024
 
      30,850,398
Health Care Technology - 4.82%      
Allscripts Healthcare Solutions, Inc. (I) 68,000   1,225,360
athenahealth, Inc. (I) 18,100   1,077,855
Cerner Corp. (I) 11,400   781,128
SXC Health Solutions Corp. (I) 66,400   3,698,480
 
      6,782,823
Life Sciences Tools & Services - 3.15%      
Agilent Technologies, Inc. (I) 2,800   87,500
BG Medicine, Inc. (I) 16,100   57,155
Bruker Corp. (I) 50,300   680,559
Covance, Inc. (I) 33,700   1,531,665

 

Health Sciences Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Life Sciences Tools & Services (continued)      
Illumina, Inc. (I) 16,750 $ 685,410
Mettler-Toledo International, Inc. (I) 1,700   237,932
Pacific Biosciences of California, Inc. (I) 9,057   29,073
Thermo Fisher Scientific, Inc. (I) 22,000   1,114,080
 
      4,423,374
Pharmaceuticals - 17.05%      
Aegerion Pharmaceuticals, Inc. (I) 15,700   198,919
Allergan, Inc. 7,800   642,564
Auxilium Pharmaceuticals, Inc. (I) 28,400   425,716
AVANIR Pharmaceuticals, Class A (I) 314,100   898,326
Bayer AG 3,387   186,136
Cadence Pharmaceuticals, Inc. (I) 45,600   298,680
Cardiome Pharma Corp. (I) 52,708   173,409
China Medical System Holdings, Ltd. (I) 1,046,600   683,262
Depomed, Inc. (I) 25,300   136,620
Elan Corp. PLC, ADR (I) 169,100   1,780,623
Endocyte, Inc. (I) 11,900   126,140
GlaxoSmithKline Pharmaceuticals, Ltd. 2,458   104,780
Hikma Pharmaceuticals PLC 7,422   65,695
Hospira, Inc. (I) 10,400   384,800
Impax Laboratories, Inc. (I) 22,900   410,139
Ista Pharmaceuticals, Inc. (I) 27,100   93,495
Jazz Pharmaceuticals, Inc. (I) 22,000   913,440
Lijun International      
Pharmaceutical Holding, Ltd. 140,000   13,229
MAP Pharmaceuticals, Inc. (I) 18,100   264,622
Merck & Company, Inc. 60,109   1,966,165
Nektar Therapeutics (I) 19,400   94,090
Newron Pharmaceuticals SpA (I) 6,333   30,533
Novo Nordisk A/S 4,701   467,336
Optimer Pharmaceuticals, Inc. (I) 15,605   215,973
Pacira Pharmaceuticals, Inc. (I) 14,000   139,020
Par Pharmaceutical Companies, Inc. (I) 2,800   74,536
Pfizer, Inc. 46,601   823,906
Ranbaxy Laboratories, Ltd. 25,803   268,091
Roche Holdings AG 8,596   1,382,939
Salix Pharmaceuticals, Ltd. (I) 10,400   307,840
Sanofi 1,800   118,186
Sawai Pharmaceutical Company, Ltd. 9,800   1,055,607
Shire PLC 20,894   651,513
Shire PLC, ADR 6,300   591,759
Simcere Pharmaceutical Group (I) 23,800   236,334
Sun Pharmaceutical Industries, Ltd. 15,000   140,779
Teva Pharmaceutical Industries, Ltd., ADR 16,865   627,715
The Medicines Company (I) 142,555   2,121,218
Towa Pharmaceutical Company, Ltd. 10,400   477,462
Tranzyme, Inc. (I) 49,500   131,175
UCB SA 7,175   305,528
Valeant Pharmaceuticals International, Inc.      
(Toronto Exchange) 86,980   3,228,698
Vectura Group PLC (I) 59,375   79,437
Warner Chilcott PLC, Class A (I) 16,300   233,090
XenoPort, Inc. (I) 68,100   401,790
 
      23,971,315
 
      139,498,693
Industrials - 0.20%      
Professional Services - 0.20%      
The Advisory Board Company (I) 4,400   283,932
Information Technology - 1.44%      
Internet Software & Services - 0.28%      
WebMD Health Corp. (I) 13,100   394,965

 

172

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Health Sciences Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)        
IT Services - 0.35%        
MAXIMUS, Inc.   14,000 $ 488,600
Software - 0.81%        
Nuance Communications, Inc. (I)   55,800   1,136,088
 
        2,019,653
Materials - 0.77%        
Chemicals - 0.77%        
Monsanto Company   18,100   1,086,724
TOTAL COMMON STOCKS (Cost $135,893,125)  $ 143,864,414
 
PREFERRED SECURITIES - 0.08%        
Health Care - 0.08%        
Tesaro, Inc. (I)(R) $ 51,999 $ 113,098
TOTAL PREFERRED SECURITIES (Cost $113,098)  $ 113,098
 
CONVERTIBLE BONDS - 0.07%        
Health Care - 0.07%        
HeartWare International Inc.        
3.500%, 12/15/2017   51,000   50,618
Insulet Corp. 3.750%, 06/15/2016   52,000   47,580
 
        98,198
TOTAL CONVERTIBLE BONDS (Cost $101,414)  $ 98,198
 
WARRANTS - 0.02%        
Alexza Pharmaceuticals, Inc. (Expiration Date      
10/05/2016; Strike price $2.77) (I)   14,130   2,396
Cadence Pharmaceuticals, Inc. (Expiration        
Date 02/18/2014; Strike price $7.84) (I)   10,500   13,492
EnteroMedics, Inc. (Expiration Date        
02/20/2013; Strike price $8.28) (I)   96,200   35
EnteroMedics, Inc. (Expiration Date:        
06/13/2016; Strike Price $2.19) (I)   34,720   16,968
TOTAL WARRANTS (Cost $15,104)    $ 32,891
 
OPTIONS PURCHASED - 0.03%        
Call Options - 0.00%        
Medivation Inc. (Expiration Date: 10/22/2011;      
Strike Price: $24.00) (I) $ 1,600 $ 720
Medivation Inc. (Expiration Date: 10/22/2011;      
Strike Price: $25.00) (I)   1,700   553
 
        1,273
Put Options - 0.03%        
HeartWare International, Inc. (Expiration Date:      
12/17/2011; Strike Price: $65.00) (I)   5,100   34,170
 
        34,170
TOTAL OPTIONS PURCHASED (Cost $54,290)  $ 35,443
 
SHORT -TERM INVESTMENTS - 0.84%        
Money Market Funds - 0.84%        
T. Rowe Price Prime Reserve        
Fund, 0.1383% (Y) $ 724,951 $ 724,951

 

Health Sciences Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
SHORT-TERM INVESTMENTS (continued)      
Money Market Funds (continued)        
State Street Institutional U.S. Government        
Money Market Fund, 0.0000% (Y) $ 450,000 $ 450,000
 
        1,174,951
TOTAL SHORT-TERM INVESTMENTS (Cost $1,174,951)  $ 1,174,951
Total Investments (Health Sciences Trust)      
(Cost $137,351,982) - 103.35%    $ 145,318,995
Other assets and liabilities, net - (3.35%)       (4,704,782)
 
TOTAL NET ASSETS - 100.00%   $  140,614,213
 
  
 
 
 
Heritage Trust        
    Shares or    
    Principal    
    Amount   Value
 
COMMON STOCKS - 97.37%        
Consumer Discretionary - 18.76%        
Auto Components - 1.08%        
BorgWarner, Inc. (I)(L)   21,129 $ 1,278,938
Automobiles - 0.63%        
Harley-Davidson, Inc.   22,000   755,260
Diversified Consumer Services - 0.98%        
Weight Watchers International, Inc.   20,062   1,168,612
Hotels, Restaurants & Leisure - 3.08%        
Arcos Dorados Holdings, Inc., Class A   43,302   1,004,173
Chipotle Mexican Grill, Inc. (I)(L)   6,400   1,938,880
Panera Bread Company, Class A (I)   6,904   717,602
 
        3,660,655
Internet & Catalog Retail - 1.89%        
Netflix, Inc. (I)(L)   3,600   407,376
priceline.com, Inc. (I)(L)   4,100   1,842,786
 
        2,250,162
Media - 1.16%        
CBS Corp., Class B   39,900   813,162
Focus Media Holding, Ltd., ADR (I)   33,700   565,823
 
        1,378,985
Specialty Retail - 7.85%        
Abercrombie & Fitch Company, Class A   15,300   941,868
O’Reilly Automotive, Inc. (I)   44,700   2,978,361
PetSmart, Inc.   40,200   1,714,530
Tiffany & Company   9,000   547,380
Tractor Supply Company   9,600   600,480
Ulta Salon Cosmetics & Fragrance, Inc. (I)   30,900   1,922,907
Williams-Sonoma, Inc.   20,400   628,116
 
        9,333,642
Textiles, Apparel & Luxury Goods - 2.09%      
Fossil, Inc. (I)   14,100   1,142,946
Lululemon Athletica, Inc. (I)   27,500   1,337,875
 
        2,480,821
 
        22,307,075
Consumer Staples - 9.10%        
Beverages - 0.89%        
Hansen Natural Corp. (I)   12,200   1,064,938
Food & Staples Retailing - 3.80%        
Costco Wholesale Corp.   18,500   1,519,220

 

173

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Heritage Trust (continued)      
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Food & Staples Retailing (continued)      
Whole Foods Market, Inc. 45,900 $ 2,997,729
 
      4,516,949
Food Products - 3.42%      
Green Mountain Coffee Roasters, Inc. (I) 14,200   1,319,748
Mead Johnson Nutrition Company 25,800   1,775,814
The J.M. Smucker Company 13,300   969,437
 
      4,064,999
Household Products - 0.99%      
Church & Dwight Company, Inc. 26,600   1,175,720
 
      10,822,606
Energy - 8.30%      
Energy Equipment & Services - 3.81%      
Atwood Oceanics, Inc. (I) 16,100   553,196
National Oilwell Varco, Inc. 57,600   2,950,272
Oil States International, Inc. (I) 20,100   1,023,492
 
      4,526,960
Oil, Gas & Consumable Fuels - 4.49%      
Cabot Oil & Gas Corp. 18,100   1,120,571
Concho Resources, Inc. (I)(L) 22,400   1,593,536
Linn Energy LLC 43,000   1,533,380
SandRidge Energy, Inc. (I)(L) 197,800   1,099,768
 
      5,347,255
 
      9,874,215
Financials - 2.99%      
Capital Markets - 1.33%      
KKR & Company LP 47,700   496,080
Lazard, Ltd., Class A 24,300   512,730
Raymond James Financial, Inc. 22,100   573,716
 
      1,582,526
Commercial Banks - 0.54%      
SVB Financial Group (I) 17,200   636,400
Consumer Finance - 1.12%      
Discover Financial Services 58,100   1,332,814
 
      3,551,740
Health Care - 16.32%      
Biotechnology - 3.36%      
Alexion Pharmaceuticals, Inc. (I) 34,200   2,190,852
Cepheid, Inc. (I) 4,700   182,501
Grifols SA (I) 53,400   998,890
Vertex Pharmaceuticals, Inc. (I) 14,000   623,560
 
      3,995,803
Health Care Equipment & Supplies - 4.04%      
C.R. Bard, Inc. 7,100   621,534
Intuitive Surgical, Inc. (I)(L) 2,200   801,416
MAKO Surgical Corp. (I)(L) 27,300   934,206
Sirona Dental Systems, Inc. (I) 18,100   767,621
The Cooper Companies, Inc. 21,200   1,677,980
 
      4,802,757
Health Care Providers & Services - 1.76%      
Catalyst Health Solutions, Inc. (I) 22,900   1,321,101
Omnicare, Inc. (L) 30,500   775,615
 
      2,096,716
Health Care Technology - 4.11%      
Allscripts Healthcare Solutions, Inc. (I) 36,400   655,928
Cerner Corp. (I) 19,600   1,342,992

 

Heritage Trust (continued)      
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Health Care Technology (continued)      
SXC Health Solutions Corp. (I) 51,897 $ 2,890,663
 
      4,889,583
Life Sciences Tools & Services - 0.61%      
Illumina, Inc. (I)(L) 17,700   724,284
Pharmaceuticals - 2.44%      
Elan Corp. PLC, ADR (I) 40,700   428,571
Jazz Pharmaceuticals, Inc. (I) 14,400   597,888
Questcor Pharmaceuticals, Inc. (I) 27,600   752,376
Shire PLC, ADR 11,900   1,117,767
 
      2,896,602
 
      19,405,745
Industrials - 14.48%      
Aerospace & Defense - 3.74%      
BE Aerospace, Inc. (I) 63,172   2,091,625
Precision Castparts Corp. 4,200   652,932
TransDigm Group, Inc. (I) 20,800   1,698,736
 
      4,443,293
Commercial Services & Supplies - 1.63%      
Clean Harbors, Inc. (I) 12,000   615,600
Stericycle, Inc. (I) 16,400   1,323,808
 
      1,939,408
Construction & Engineering - 0.98%      
Chicago Bridge & Iron Company NV 19,500   558,285
KBR, Inc. 25,500   602,565
 
      1,160,850
Electrical Equipment - 1.68%      
Polypore International, Inc. (I) 26,017   1,470,481
Sensata Technologies Holding NV (I)(L) 20,000   529,200
 
      1,999,681
Machinery - 3.43%      
Chart Industries, Inc. (I) 12,500   527,125
Cummins, Inc. 11,000   898,260
Joy Global, Inc. 23,100   1,440,978
Titan International, Inc. (L) 31,500   472,500
WABCO Holdings, Inc. (I) 19,600   742,056
 
      4,080,919
Road & Rail - 1.38%      
J.B. Hunt Transport Services, Inc. 16,900   610,428
Kansas City Southern (I) 20,600   1,029,176
 
      1,639,604
Trading Companies & Distributors - 1.64%      
Fastenal Company (L) 58,700   1,953,536
 
      17,217,291
Information Technology - 19.92%      
Communications Equipment - 1.62%      
Aruba Networks, Inc. (I)(L) 32,400   677,484
Polycom, Inc. (I) 67,900   1,247,323
 
      1,924,807
Computers & Peripherals - 2.44%      
Apple, Inc. (I) 7,600   2,896,968
Electronic Equipment, Instruments & Components - 1.62%    
IPG Photonics Corp. (I) 10,000   434,400
Jabil Circuit, Inc. 83,700   1,489,023
 
      1,923,423
Internet Software & Services - 1.50%      
Baidu, Inc., ADR (I) 11,900   1,272,229

 

174

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Heritage Trust (continued)      
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Internet Software & Services (continued)      
LinkedIn Corp. Class A (I)(L) 6,591 $ 514,625
 
      1,786,854
IT Services - 4.96%      
Alliance Data Systems Corp. (I)(L) 23,600   2,187,720
Cognizant Technology      
Solutions Corp., Class A (I) 16,300   1,022,010
Teradata Corp. (I) 50,300   2,692,559
 
      5,902,289
Semiconductors & Semiconductor Equipment - 1.86%    
ARM Holdings PLC 90,800   777,154
Cypress Semiconductor Corp. (I) 96,100   1,438,617
 
      2,215,771
Software - 5.92%      
Check Point Software Technologies, Ltd. (I)(L) 36,500   1,925,740
CommVault Systems, Inc. (I) 22,000   815,320
Informatica Corp. (I) 23,600   966,420
NetSuite, Inc. (I) 37,768   1,020,114
Salesforce.com, Inc. (I) 12,300   1,405,644
Solera Holdings, Inc. 18,000   909,000
 
      7,042,238
 
      23,692,350
Materials - 4.78%      
Chemicals - 2.39%      
Airgas, Inc. 17,700   1,129,614
Albemarle Corp. 42,500   1,717,000
 
      2,846,614
Containers & Packaging - 1.78%      
Crown Holdings, Inc. (I) 42,000   1,285,620
Rock-Tenn Company, Class A 17,000   827,560
 
      2,113,180
Metals & Mining - 0.61%      
Cliffs Natural Resources, Inc. 14,100   721,497
 
      5,681,291
Telecommunication Services - 1.85%      
Wireless Telecommunication Services - 1.85%      
NII Holdings, Inc. (I) 26,100   703,395
SBA Communications Corp., Class A (I) 28,624   986,954
Tim Participacoes SA, ADR 21,500   506,540
 
      2,196,889
 
      2,196,889
Utilities - 0.87%      
Gas Utilities - 0.87%      
National Fuel Gas Company 21,400   1,041,752
TOTAL COMMON STOCKS (Cost $116,219,166)  $ 115,790,954
 
SECURITIES LENDING COLLATERAL - 13.22%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y) 1,571,494   15,723,109
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $15,723,586)  $ 15,723,109

 

Heritage Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
SHORT -TERM INVESTMENTS - 3.24%        
Money Market Funds - 3.24%        
State Street Institutional U.S. Government        
Money Market Fund, 0.0000% (Y) $ 3,854,780 $ 3,854,780
TOTAL SHORT-TERM INVESTMENTS (Cost $3,854,780)  $ 3,854,780
Total Investments (Heritage Trust)        
(Cost $135,797,532) - 113.83%    $ 135,368,843
Other assets and liabilities, net - (13.83%)       (16,446,263)
 
TOTAL NET ASSETS - 100.00%    $ 118,922,580
 
  
 
 
 
High Yield Trust        
    Shares or    
    Principal    
    Amount   Value
 
 
FOREIGN GOVERNMENT        
OBLIGATIONS - 3.62%        
Argentina - 1.40%        
Republic of Argentina        
7.000%, 10/03/2015 $ 1,181,000 $ 992,040
7.820%, 12/31/2033 (P) EUR 497,043   382,900
8.750%, 06/02/2017 $ 1,376,830   1,204,725
- 12/15/2035 (I) EUR 1,880,851   304,904
 
        2,884,569
Brazil - 0.66%        
Federative Republic of Brazil        
10.000%, 01/01/2014 to 01/01/2017 BRL 2,638,000   1,370,242
 
        1,370,242
Indonesia - 0.95%        
Republic of Indonesia        
10.250%, 07/15/2022 to 07/15/2027 IDR 8,893,000,000   1,255,361
11.000%, 09/15/2025   4,629,000,000   695,796
 
        1,951,157
Venezuela - 0.61%        
Republic of Venezuela        
Zero Coupon 04/15/2020 (Z) $ 346,000   94,285
5.750%, 02/26/2016   1,621,000   1,154,963
 
        1,249,248
TOTAL FOREIGN GOVERNMENT        
OBLIGATIONS (Cost $7,671,158)    $ 7,455,216
 
CORPORATE BONDS - 75.95%        
Consumer Discretionary - 17.86%        
Adelphia Communications Corp.,        
Escrow Certificates        
7.750%, 01/15/2049 (I)   3,000,000   4,800
9.875%, 03/01/2049 (I)   2,050,000   3,280
10.250%, 11/01/2049 (I)   1,025,000   1,640
American Greetings Corp.        
7.375%, 06/01/2016   475,000   464,313
Bankrate, Inc.        
11.750%, 07/15/2015   1,073,000   1,201,760
CCO Holdings LLC/CCO Holdings        
Capital Corp.        
6.500%, 04/30/2021   740,000   699,300
CityCenter Holdings LLC/CityCenter        
Finance Corp. PIK        
10.750%, 01/15/2017 (S)   1,235,032   1,120,792
DAE Aviation Holdings, Inc.        
11.250%, 08/01/2015 (S)   800,000   808,000

 

175

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

High Yield Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Consumer Discretionary (continued)        
DISH DBS Corp.        
6.750%, 06/01/2021 (S) $ 10,000 $ 9,550
7.875%, 09/01/2019   250,000   255,000
Downstream Development Authority of the        
Quapaw Tribe of Oklahoma        
10.500%, 07/01/2019 (S)   640,000   603,200
Edcon Proprietary, Ltd.        
9.500%, 03/01/2018 (S)   1,110,000   899,100
El Pollo Loco, Inc.        
17.000%, 01/01/2018 (S)   1,090,000   972,824
Empire Today LLC/Empire Today        
Finance Corp.        
11.375%, 02/01/2017 (S)   370,000   338,550
Fiesta Restaurant Group        
8.875%, 08/15/2016 (S)   370,000   359,825
Fontainebleau Las Vegas Holdings LLC        
10.250%, 06/15/2015 (H)(S)   3,620,000   4,525
Ford Motor Credit Company LLC        
5.875%, 08/02/2021   600,000   597,647
General Motors Company,        
Escrow Certificates        
7.200%, 01/15/2049 (I)   1,520,000   15,200
8.375%, 07/15/2049 (I)   2,005,000   20,050
Good Sam Enterprises LLC        
11.500%, 12/01/2016   740,000   691,900
Gymboree Corp.        
9.125%, 12/01/2018   740,000   547,600
Harrah’s Operating Company, Inc.        
10.000%, 12/15/2015   390,000   351,000
HOA Restaurant Group/HOA        
Finance Corp.        
11.250%, 04/01/2017 (S)   600,000   552,000
Inn of The Mountain Gods Resort &        
Casino        
8.750%, 11/30/2020 (S)   2,984,000   2,864,640
Landry’s Holdings, Inc.        
11.500%, 06/01/2014 (S)   1,500,000   1,387,500
Landry’s Restaurants, Inc.        
11.625%, 12/01/2015   100,000   100,500
LBI Media, Inc.        
9.250%, 04/15/2019 (S)   740,000   610,500
MGM Resorts International        
6.625%, 07/15/2015   70,000   59,325
10.375%, 05/15/2014   420,000   458,325
Mohegan Tribal Gaming Authority        
7.125%, 08/15/2014   690,000   345,000
8.000%, 04/01/2012   2,600,000   1,716,000
NCL Corp. Ltd.        
9.500%, 11/15/2018 (S)   780,000   787,800
11.750%, 11/15/2016   1,670,000   1,878,750
NetFlix, Inc.        
8.500%, 11/15/2017   672,000   727,440
Nielsen Finance LLC/Nielsen        
Finance Company        
7.750%, 10/15/2018   520,000   530,400
11.500%, 05/01/2016   120,000   136,200
Oxford Industries, Inc.        
11.375%, 07/15/2015   985,000   1,083,500
Pinnacle Entertainment, Inc.        
7.500%, 06/15/2015   150,000   144,375
8.750%, 05/15/2020   10,000   9,325
QVC, Inc.        
7.375%, 10/15/2020 (S)   755,000   804,075
Service Corp. International        
7.500%, 04/01/2027   620,000   578,150

 

High Yield Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Consumer Discretionary (continued)        
Seven Seas Cruises S de RL LLC        
9.125%, 05/15/2019 (S) $ 780,000 $ 772,200
Shea Homes LP/Shea Homes        
Funding Corp.        
8.625%, 05/15/2019 (S)   510,000   418,200
Simmons Foods, Inc.        
10.500%, 11/01/2017 (S)   1,550,000   1,340,750
Snoqualmie Entertainment Authority        
4.179%, 02/01/2014 (P)(S)   240,000   210,000
9.125%, 02/01/2015 (S)   585,000   563,063
Sotheby’s        
7.750%, 06/15/2015   790,000   823,575
Spencer Spirit Holdings, Inc./Spencer        
Gifts LLC        
11.000%, 05/01/2017 (S)   460,000   437,000
Standard Pacific Corp.        
8.375%, 01/15/2021   590,000   482,325
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
Stewart Enterprises, Inc.        
6.500%, 04/15/2019   970,000   938,475
Stonemor Operating LLC/Cornerstone        
Family Services        
10.250%, 12/01/2017   225,000   215,438
Sugarhouse HSP Gaming Property        
Mezzanine LP/Sugarhouse HSP Gaming        
Finance Corp.        
8.625%, 04/15/2016 (S)   439,000   432,415
SuperMedia, Inc., Escrow Certificates        
8.000%, 11/15/2016 (I)   3,162,000   0
The Goodyear Tire & Rubber Company        
10.500%, 05/15/2016   130,000   140,725
The Neiman Marcus Group, Inc.        
7.125%, 06/01/2028   4,404,000   3,831,480
Univision Communications, Inc.        
6.875%, 05/15/2019 (S)   390,000   347,100
7.875%, 11/01/2020 (S)   120,000   112,500
8.500%, 05/15/2021 (S)   1,290,000   1,006,200
 
        36,817,106
Consumer Staples - 3.30%        
Alliance One International, Inc.        
10.000%, 07/15/2016   1,090,000   899,250
Del Monte Foods Company        
7.625%, 02/15/2019 (S)   240,000   202,800
Harmony Foods Corp.        
10.000%, 05/01/2016 (S)   330,000   328,350
Hypermarcas SA        
6.500%, 04/20/2021 (S)   1,350,000   1,228,500
NES Rentals Holdings, Inc.        
12.250%, 04/15/2015 (S)   1,040,000   868,400
Reynolds Group Issuer, Inc./Reynolds        
Group Issuer LLC        
7.875%, 08/15/2019 (S)   100,000   96,500
8.750%, 10/15/2016 (S)   100,000   100,250
9.000%, 04/15/2019 (S)   140,000   119,000
Viskase Companies, Inc.        
9.875%, 01/15/2018 (S)   2,940,000   2,969,400
 
        6,812,450

 

176

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

High Yield Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Energy - 13.74%        
Adaro Indonesia PT        
7.625%, 10/22/2019 (S) $ 1,730,000 $ 1,695,400
Arch Coal, Inc.        
7.000%, 06/15/2019 (S)   690,000   655,500
Berry Petroleum Company        
10.250%, 06/01/2014   997,000   1,116,640
Calumet Specialty Products        
Partners LP/Calumet Finance Corp.        
9.375%, 05/01/2019 (S)   620,000   575,800
Chesapeake Energy Corp.        
6.625%, 08/15/2020   430,000   442,900
Cie Generale de Geophysique-Veritas        
7.750%, 05/15/2017   120,000   118,200
9.500%, 05/15/2016   490,000   502,250
Concho Resources, Inc.        
7.000%, 01/15/2021   200,000   199,000
Corral Petroleum Holdings AB, PIK        
15.000%, 12/31/2017 (S)   1,819,409   1,528,303
Energy Future Intermediate        
Holding Company LLC        
9.750%, 10/15/2019   213,000   210,003
10.000%, 12/01/2020   1,613,000   1,572,674
Energy Transfer Equity LP        
7.500%, 10/15/2020   750,000   770,625
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   1,211,431
Exco Resources, Inc.        
7.500%, 09/15/2018   910,000   800,800
First Wind Capital LLC        
10.250%, 06/01/2018 (S)   620,000   589,000
Hercules Offshore, Inc.        
10.500%, 10/15/2017 (S)   1,225,000   1,157,625
Key Energy Services, Inc.        
6.750%, 03/01/2021   690,000   664,125
MarkWest Energy Partners LP/MarkWest        
Energy Finance Corp.        
6.500%, 08/15/2021   810,000   830,250
6.750%, 11/01/2020   440,000   446,600
MEG Energy Corp.        
6.500%, 03/15/2021 (S)   450,000   430,875
Milagro Oil & Gas        
10.500%, 05/15/2016 (S)   810,000   648,000
Offshore Group Investments, Ltd.        
11.500%, 08/01/2015   1,210,000   1,246,300
Oil States International, Inc.        
6.500%, 06/01/2019 (S)   560,000   547,400
Overseas Shipholding Group, Inc.        
8.125%, 03/30/2018   1,560,000   1,294,800
Pan American Energy LLC        
7.875%, 05/07/2021   1,290,000   1,291,548
Peabody Energy Corp.        
7.875%, 11/01/2026   750,000   817,500
Petrobras International Finance Company        
6.750%, 01/27/2041   80,000   82,800
Petroplus Finance, Ltd.        
6.750%, 05/01/2014 (S)   910,000   791,700
Plains Exploration & Production Company        
10.000%, 03/01/2016   1,500,000   1,627,500
Quicksilver Resources, Inc.        
11.750%, 01/01/2016   1,780,000   1,922,400
Regency Energy Partners LP/Regency        
Energy Finance Corp.        
6.500%, 07/15/2021   160,000   160,800

 

High Yield Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Energy (continued)        
Regency Energy Partners LP/Regency Energy      
Finance Corp. (continued)        
6.875%, 12/01/2018 $ 500,000 $ 515,000
SandRidge Energy, Inc.        
7.500%, 03/15/2021 (S)   270,000   248,400
Unit Corp.        
6.625%, 05/15/2021   540,000   537,300
Whiting Petroleum Corp.        
6.500%, 10/01/2018   250,000   251,250
Xinergy Corp.        
9.250%, 05/15/2019 (S)   920,000   823,400
 
        28,324,099
Financials - 3.89%        
Ashton Woods USA LLC (Zero Coupon        
steps up to 11.000% on 06/30/2012)        
06/30/2015 (S)(Z)   1,012,400   708,680
Astoria Depositor Corp., Series B        
8.144%, 05/01/2021 (S)   1,460,000   1,299,400
Credit Agricole SA (8.375% to        
10/13/2019, the n 3 month        
LIBOR + 6.982%)        
10/13/2019 (S)(Q)   460,000   362,250
General Motors Financial Company, Inc.        
6.750%, 06/01/2018 (S)   630,000   617,400
GMAC International Finance BV        
7.500%, 04/21/2015 EUR 530,000   640,836
ICICI Bank, Ltd. (6.375% to 04/30/2017,        
then 6 month LIBOR + 2.280%)        
04/30/2022 (S) $ 334,000   277,220
ICICI Bank, Ltd. (6.375% to 04/30/2017,        
then 6 month LIBOR + 2.280%)        
04/30/2022   277,000   227,140
International Lease Finance Corp.        
8.250%, 12/15/2020   1,940,000   1,901,200
Offshore Group Investments, Ltd.        
11.500%, 08/01/2015 (S)   320,000   329,600
Residential Capital LLC        
9.625%, 05/15/2015   650,000   503,750
Royal Bank of Scotland Group PLC        
(7.648% to 09/30/2031, then 3 month        
LIBOR + 2.500%)        
09/30/2031 (Q)   440,000   286,000
SLM Corp.        
8.000%, 03/25/2020   160,000   157,952
UPCB Finance III, Ltd.        
6.625%, 07/01/2020 (S)   750,000   705,000
 
        8,016,428
Health Care - 4.66%        
American Renal Associates Holdings, Inc.        
9.750%, 03/01/2016   320,267   317,064
American Renal Holdings Company, Inc.        
8.375%, 05/15/2018   230,000   231,150
Biomet, Inc.        
10.000%, 10/15/2017   500,000   515,000
CRC Health Corp.        
10.750%, 02/01/2016   3,810,000   3,762,374
ExamWorks Group, Inc.        
9.000%, 07/15/2019 (S)   470,000   439,450
Fresenius Medical Care US Finance, Inc.        
6.500%, 09/15/2018 (S)   420,000   426,300
Fresenius US Finance II, Inc.        
9.000%, 07/15/2015 (S)   1,055,000   1,165,775

 

177

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

High Yield Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Health Care (continued)        
Giant Funding Corp.        
8.250%, 02/01/2018 (S) $ 180,000 $ 180,000
HCA, Inc.        
8.500%, 04/15/2019   700,000   742,000
INC Research LLC        
11.500%, 07/15/2019 (S)   350,000   312,375
inVentiv Health, Inc.        
10.000%, 08/15/2018 (S)   690,000   607,200
Tenet Healthcare Corp.        
6.875%, 11/15/2031   230,000   174,800
10.000%, 05/01/2018   500,000   541,250
Vanguard Health Holding        
Company II LLC/Vanguard Holding        
Company II, Inc.        
8.000%, 02/01/2018   210,000   192,675
 
        9,607,413
Industrials - 10.67%        
AE Escrow Corp.        
9.750%, 03/15/2020 (S)   360,000   345,600
American Airlines 2011-1 Class B Pass        
Through Trust        
7.000%, 01/31/2018 (S)   437,095   358,418
American Reprographics Company        
10.500%, 12/15/2016   830,000   747,000
Ardagh Packaging Finance PLC        
7.375%, 10/15/2017 (S) EUR 290,000   362,302
9.125%, 10/15/2020 (S) $ 470,000   423,000
Avis Budget Car Rental LLC / Avis Budget        
Finance, Inc.        
8.250%, 01/15/2019   290,000   265,350
Building Materials Corp. of America        
6.875%, 08/15/2018 (S)   220,000   213,400
CMA CGM SA        
8.500%, 04/15/2017 (S)   1,480,000   599,400
Continental Airlines 2007-1 Class C Pass        
Through Trust        
7.339%, 04/19/2014   480,857   468,836
Delta Air Lines 2007-1 Class B Pass        
Through Trust        
8.021%, 08/10/2022   423,056   412,480
Delta Air Lines 2009-1 Series B Pass        
Through Trust        
9.750%, 12/17/2016   695,747   713,141
Dematic SA        
8.750%, 05/01/2016 (S)   1,130,000   1,050,900
Ducommun, Inc.        
9.750%, 07/15/2018 (S)   450,000   450,000
FGI Operating Company, Inc.        
10.250%, 08/01/2015   416,000   432,640
Florida East Coast Holdings Corp., PIK        
10.500%, 08/01/2017   1,474,375   1,385,913
Florida East Coast Railway Corp.        
8.125%, 02/01/2017   540,000   523,800
H&E Equipment Services, Inc.        
8.375%, 07/15/2016   490,000   470,400
Hapag-Lloyd AG        
9.750%, 10/15/2017 (S)   1,210,000   834,900
Hertz Holdings Netherlands BV        
8.500%, 07/31/2015 (S) EUR 360,000   465,429
Huntington Ingalls Industries, Inc.        
6.875%, 03/15/2018 (S) $ 670,000   623,100
7.125%, 03/15/2021 (S)   180,000   166,950

 

High Yield Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Industrials (continued)        
Kansas City Southern de Mexico SA        
de CV        
8.000%, 02/01/2018 $ 1,090,000 $ 1,160,850
Kratos Defense & Security Solutions, Inc.        
10.000%, 06/01/2017 (S)   70,000   69,650
10.000%, 06/01/2017   610,000   606,950
Navios Maritime Acquisition Corp./Navios        
Acquisition Finance        
8.625%, 11/01/2017   1,550,000   1,290,375
Navios Maritime Holdings, Inc. /Navios        
Maritime Finance II U.S., Inc.        
8.125%, 02/15/2019   420,000   350,700
Northwest Airlines, Inc., Escrow        
Certificates        
01/16/2017 (I)   4,640,000   0
Quality Distribution LLC/QD        
Capital Corp.        
9.875%, 11/01/2018   380,000   366,700
RailAmerica, Inc.        
9.250%, 07/01/2017   1,956,000   2,117,370
Rearden G Holdings EINS GmbH        
7.875%, 03/30/2020 (S)   932,000   904,040
RSC Equipment        
Rental Inc./RSC Holdings III LLC        
8.250%, 02/01/2021   160,000   138,400
10.000%, 07/15/2017 (S)   160,000   168,000
Syncreon Global Ireland Ltd./Syncreon        
Global Finance US, Inc.        
9.500%, 05/01/2018 (S)   2,630,000   2,472,200
Wyle Services Corp.        
10.500%, 04/01/2018 (S)   1,065,000   1,033,050
 
        21,991,244
Information Technology - 1.27%        
CDW LLC/CDW Finance Corp.        
11.000%, 10/12/2015   310,000   309,225
First Data Corp.        
7.375%, 06/15/2019 (S)   460,000   408,250
11.250%, 03/31/2016   590,000   398,250
12.625%, 01/15/2021 (S)   400,000   296,000
First Data Corp., PIK        
10.550%, 09/24/2015   11,837   9,853
NXP BV/NXP Funding LLC        
9.750%, 08/01/2018 (S)   1,000,000   1,045,000
Sterling Merger, Inc.        
11.000%, 10/01/2019 (S)   150,000   142,500
 
        2,609,078
Materials - 7.06%        
Appleton Papers, Inc.        
11.250%, 12/15/2015   905,000   877,850
ARD Finance SA, PIK        
11.125%, 06/01/2018 (S)   250,000   202,500
Berry Plastics Corp.        
9.750%, 01/15/2021   250,000   212,500
Building Materials Corp. of America        
6.750%, 05/01/2021 (S)   470,000   446,500
CF Industries, Inc.        
6.875%, 05/01/2018   340,000   379,525
Evraz Group SA        
6.750%, 04/27/2018 (S)   1,200,000   1,002,000
9.500%, 04/24/2018   100,000   97,000
FMG Resources August 2006 Pty, Ltd.        
7.000%, 11/01/2015 (S)   160,000   148,800

 

178

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

High Yield Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Materials (continued)        
Georgia Gulf Corp.        
9.000%, 01/15/2017 (S) $ 800,000 $ 808,000
Ineos Finance PLC        
9.000%, 05/15/2015 (S)   320,000   304,000
Kerling PLC        
10.625%, 02/01/2017 (S) EUR 553,000   603,819
Longview Fibre Paper & Packaging, Inc.        
8.000%, 06/01/2016 (S) $ 750,000   727,500
Lyondell Chemical Company        
11.000%, 05/01/2018   688,866   743,975
Midwest Vanadium Pty, Ltd.        
11.500%, 02/15/2018 (S)   2,090,000   1,651,100
Mirabela Nickel, Ltd.        
8.750%, 04/15/2018 (S)   610,000   494,100
Novelis, Inc.        
8.750%, 12/15/2020   1,040,000   1,019,200
Ryerson Holding Corp.        
Zero Coupon, 02/01/2015 (Z)   3,550,000   1,526,500
Sappi Papier Holding GmbH        
6.625%, 04/15/2021 (S)   90,000   76,500
Tempel Steel Company        
12.000%, 08/15/2016 (S)   440,000   422,400
Thompson Creek Metals Company, Inc.        
7.375%, 06/01/2018 (S)   810,000   729,000
Vale Overseas, Ltd.        
6.875%, 11/21/2036   100,000   108,100
8.250%, 01/17/2034   364,000   443,352
Vedanta Resources PLC        
6.750%, 06/07/2016 (S)   710,000   575,100
8.750%, 01/15/2014 (S)   570,000   544,350
Verso Paper        
Holdings LLC/Verso Paper, Inc.        
8.750%, 02/01/2019   440,000   303,600
11.500%, 07/01/2014   95,000   98,800
 
        14,546,071
Telecommunication Services - 9.22%        
Axtel SAB de CV        
7.625%, 02/01/2017 (S)   1,160,000   951,200
9.000%, 09/22/2019   98,000   82,320
Cengage Learning Acquisitions, Inc.        
10.500%, 01/15/2015 (S)   2,120,000   1,356,800
13.250%, 07/15/2015 (S)   540,000   307,800
Cincinnati Bell Telephone Company LLC        
6.300%, 12/01/2028   810,000   611,550
Cogent Communications Group, Inc.        
8.375%, 02/15/2018 (S)   850,000   875,500
Inmarsat Finance PLC        
7.375%, 12/01/2017 (S)   970,000   972,425
Intelsat Jackson Holdings SA        
7.250%, 04/01/2019 (S)   270,000   250,425
8.500%, 11/01/2019   100,000   97,750
MetroPCS Wireless, Inc.        
7.875%, 09/01/2018   480,000   465,600
Primus Telecommunications Holding, Inc.        
10.000%, 04/15/2017 (S)   135,870   126,699
Satmex Escrow SA de CV        
9.500%, 05/15/2017 (S)   570,000   550,050
Sprint Capital Corp.        
8.750%, 03/15/2032   4,425,000   3,844,219
Sunrise Communications Holdings SA        
8.500%, 12/31/2018 (S) EUR 125,000   151,559
Syniverse Holdings, Inc.        
9.125%, 01/15/2019 $ 310,000   303,800

 

High Yield Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Telecommunication Services (continued)        
True Move Company, Ltd.        
10.375%, 08/01/2014 (S) $ 100,000 $ 106,000
10.750%, 12/16/2013 (S)   1,074,000   1,138,440
10.750%, 12/16/2013   800,000   848,000
Vimpel Communications OJSC        
8.250%, 05/23/2016   1,247,000   1,194,003
VimpelCom Holdings BV        
7.504%, 03/01/2022 (S)   460,000   370,300
West Corp.        
7.875%, 01/15/2019   980,000   921,200
8.625%, 10/01/2018   890,000   865,525
11.000%, 10/15/2016   770,000   793,100
Wind Acquisition Holdings Finance SA,        
PIK        
12.250%, 07/15/2017 (S)   1,638,759   1,278,232
Windstream Corp.        
7.500%, 04/01/2023   590,000   550,175
 
        19,012,672
Utilities - 4.28%        
AES Ironwood LLC        
8.857%, 11/30/2025   735,492   752,041
Calpine Corp.        
7.875%, 01/15/2023 (S)   850,000   820,250
Edison Mission Energy        
7.625%, 05/15/2027   1,670,000   918,500
Foresight Energy LLC/Foresight        
Energy Corp.        
9.625%, 08/15/2017 (S)   890,000   898,900
Mirant Americas Generation LLC        
9.125%, 05/01/2031   1,130,000   949,200
Mirant Mid Atlantic LLC        
10.060%, 12/30/2028   2,552,651   2,680,284
Suburban Propane Partners LP/Suburban        
Energy Finance Corp.        
7.375%, 03/15/2020   599,000   599,000
Texas Competitive Electric Holdings        
Company LLC        
11.500%, 10/01/2020 (S)   1,500,000   1,200,000
 
        8,818,175
TOTAL CORPORATE BONDS (Cost $187,509,262)  $ 156,554,736
 
CAPITAL PREFERRED SECURITIES - 1.57%      
Financials - 1.57%        
ING Capital Funding Trust III        
3.969%, 12/31/2011 (P)(Q)   220,000   164,537
Metlife Capital Trust IV        
7.875%, 12/15/2037 (S)   290,000   285,650
Santander Finance Preferred SA        
Unipersonal (10.500% until 09/29/2014,        
then 3 month LIBOR + 7.673%)        
09/29/2014 (Q)   2,490,000   2,491,499
The Dai-Ichi Life Insurance Company, Ltd.        
(7.250% to 07/25/2021, then 3 month        
LIBOR + 4.560%)        
07/25/2021 (Q)(S)   300,000   295,425
 
        3,237,111
TOTAL CAPITAL PREFERRED        
SECURITIES (Cost $3,515,107)   $ 3,237,111

 

179

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

High Yield Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
CONVERTIBLE BONDS - 1.75%        
Energy - 0.03%        
James River Coal Company        
3.125%, 03/15/2018 (S) $ 90,000 $ 57,938
Financials - 1.02%        
Realogy Corp.        
11.000%, 04/15/2018 (S)   2,690,000   2,098,200
Industrials - 0.53%        
Horizon Lines, Inc.        
4.250%, 08/15/2012 (H)   1,495,000   1,091,350
Materials - 0.17%        
Hercules, Inc.        
6.500%, 06/30/2029   460,000   355,350
TOTAL CONVERTIBLE BONDS (Cost $4,083,153)  $ 3,602,838
 
TERM LOANS (M) - 3.29%        
Consumer Discretionary - 0.58%        
BCBG Max Azria Group, Inc.        
9.870%, 05/19/2015   760,000   727,700
City Center Holdings LLC        
7.500%, 01/13/2015   207,000   200,583
El Pollo Loco Inc.        
9.250%, 07/14/2017   299,250   269,325
 
        1,197,608
Financials - 0.48%        
Bedding Superholdco, Inc.        
- 02/15/2012 (H)   3,958,740   9,897
Realogy Corp.        
13.500%, 10/15/2017   1,000,000   976,000
 
        985,897
Health Care - 0.15%        
Immucor, Inc.        
7.250%, 08/17/2018   310,000   305,221
Industrials - 0.15%        
Trico Shipping AS        
10.000%, 05/12/2014   310,986   310,986
Information Technology - 0.23%        
SRA International, Inc.        
6.500%, 07/20/2018   520,000   479,700
Telecommunication Services - 1.70%        
Vodafone Group PLC        
6.250%, 07/11/2016   880,000   884,400
6.880%, 08/11/2015   2,628,891   2,628,891
 
        3,513,291
TOTAL TERM LOANS (Cost $10,770,965)    $ 6,792,703
 
COMMON STOCKS - 4.99%        
Consumer Discretionary - 2.77%        
Canadian Satellite Radio Holdings, Inc. (I)   389,667 $ 1,119,284
Charter        
Communications, Inc., Class A (I)(L)   73,972   3,464,848
Cumulus Media, Inc., Class A (I)(L)   3,636   10,326
General Motors Company (I)   9,631   194,354
Tropicana Entertainment LLC (I)   7,500   33,750
Vertis Holdings, Inc. (I)   69,391   886,817
 
        5,709,379
Energy - 0.23%        
SemGroup Corp., Class A (I)   23,610   471,256
Financials - 0.92%        
Ashton Woods USA LLC, Class B (I)   1   399,255

 

High Yield Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS (continued)        
Financials (continued)        
KCad Holdings I, Ltd. (I)   141,168,822 $ 1,496,390
 
        1,895,645
Industrials - 0.67%        
DeepOcean Group Holdings AS (I)   83,286   1,166,004
Nortek, Inc. (I)   10,171   223,762
 
        1,389,766
Materials - 0.39%        
LyondellBasell Industries NV, Class A   32,672   798,177
Telecommunication Services - 0.01%        
Maxcom Telecomunicaciones SAB        
de CV ADR (I)(L)   13,302   20,352
Viatel Holdings Bermuda, Ltd. (I)   38   29
 
        20,381
TOTAL COMMON STOCKS (Cost $11,314,067)  $ 10,284,604
 
PREFERRED SECURITIES - 4.88%        
Consumer Discretionary - 0.02%        
Tropicana Las Vegas Hotel &        
Casino, Inc., Class A (I) $ 1,270 $ 22,860
Tropicana Las Vegas Resort        
& Casino LLC (I)   840   15,120
 
        37,980
Financials - 4.86%        
Banesto Holdings, Ltd.,        
Series A, 10.500% (S)   93,000   2,330,813
Bank of America Corp., Series L, 7.250%   4,220   3,232,478
Citigroup Capital XII (8.500% to 3-30-15,        
then 3 month LIBOR + 5.870%)   58,275   1,462,703
Citigroup Capital XIII (7.875% to        
10-30-15, then        
3 month LIBOR + 6.370%)   31,275   825,973
GMAC Capital Trust I (8.125% to        
02/15/2016, then        
3 month LIBOR + 5.785%)   118,600   2,164,450
 
        10,016,417
TOTAL PREFERRED SECURITIES (Cost $11,896,397)  $ 10,054,397
 
WARRANTS - 0.40%        
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   76,758
CMP Susquehanna Radio Holdings Corp.        
(Expiration Date: 03/26/2019; Strike        
Price: $0.01) (I)   58,949   331,820
General Motors Company ( Expiration        
Date: 07/10/2016; Strike        
Price: $10.00) (I)   12,809   149,097
General Motors Company (Expiration        
Date: 07/10/2019; Strike        
Price: $18.33) (I)   12,809   101,575
Nortek, Inc. (Expiration Date: 12/17/2014;        
Strike Price: $52.80) (I)   14,700   16,317
SemGroup Corp., Class A (Expiration        
Date: 11/30/2014; Strike        
Price $25.00) (I)   35,326   143,424
Turbo Cayman, Ltd. (I)   1   0
TOTAL WARRANTS (Cost $1,227,999)    $ 818,991

 

180

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

High Yield Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
SECURITIES LENDING COLLATERAL - 0.88%    
John Hancock Collateral        
Investment Trust, 0.2515% (W)(Y)   180,958 $ 1,810,523
 
SHORT -TERM INVESTMENTS - 0.07%        
U.S. Government & Agency        
Obligations* - 0.07%        
Federal Home Loan Mortgage Corp.        
Discount Notes, 0.120%, 01/10/2012 (F) $ 147,000 $ 146,952
Total Investments (High Yield Trust)        
(Cost $239,945,540) - 97.40%    $ 200,758,071
Other assets and liabilities, net - 2.60%       5,354,961
 
TOTAL NET ASSETS - 100.00%    $ 206,113,032
 
 
 
 
Income Trust        
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS - 43.94%        
Consumer Discretionary - 5.12%        
Academy, Ltd. / Academy Finance Corp.        
9.250%, 08/01/2019 (S) $ 400,000 $ 372,000
Cablevision Systems Corp.        
7.750%, 04/15/2018   2,000,000   2,020,000
8.000%, 04/15/2020   2,000,000   2,035,000
Caesars Entertainment Operating        
Company, Inc. 11.250%, 06/01/2017   450,000   453,938
CCH II LLC/CCH II Capital Corp.        
13.500%, 11/30/2016   4,766,957   5,434,331
CCO Holdings LLC/CCO Holdings        
Capital Corp. 6.500%, 04/30/2021   1,000,000   945,000
Cequel Communications        
Holdings I LLC/Cequel Capital Corp.        
8.625%, 11/15/2017 (S)   1,000,000   990,000
CityCenter Holdings LLC/CityCenter        
Finance Corp. 7.625%, 01/15/2016 (S)   700,000   658,000
CityCenter Holdings LLC/CityCenter        
Finance Corp. PIK        
10.750%, 01/15/2017 (S)   1,266,700   1,149,530
Clear Channel Communications, Inc.        
9.000%, 03/01/2021   1,000,000   742,500
Clear Channel Worldwide Holdings, Inc.,        
Series B 9.250%, 12/15/2017   800,000   818,000
General Motors Company,        
Escrow Certificate (I)   85,000   28,577
KB Home 5.750%, 02/01/2014   700,000   609,000
MGM Resorts International        
10.000%, 11/01/2016 (S)   1,500,000   1,421,250
SuperMedia, Inc., Escrow        
Certificates 12/01/2020 (I)   651,025   0
The Hertz Corp. 8.875%, 01/01/2014   371,000   371,000
Visant Corp. 10.000%, 10/01/2017   1,900,000   1,757,500
 
        19,805,626
Consumer Staples - 1.51%        
Ceridian Corp. 11.250%, 11/15/2015   2,500,000   2,062,500
Dean Foods Company 9.750%, 12/15/2018   1,000,000   1,012,500
JBS USA LLC/JBS USA Finance, Inc.        
11.625%, 05/01/2014   1,000,000   1,070,000
Reynolds Group Issuer, Inc./Reynolds        
Group Issuer LLC        
7.875%, 08/15/2019 (S)   300,000   289,500
9.875%, 08/15/2019 (S)   200,000   176,000

 

Income Trust (continued)        
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Consumer Staples (continued)        
SUPERVALU, Inc. 8.000%, 05/01/2016 $ 1,300,000 $ 1,228,500
 
        5,839,000
Energy - 7.65%        
Antero Resources Finance Corp.        
7.250%, 08/01/2019 (S)   300,000   285,000
9.375%, 12/01/2017   750,000   780,000
ATP Oil & Gas Corp.        
11.875%, 05/01/2015   1,400,000   974,750
Chesapeake Energy Corp.        
6.875%, 08/15/2018 to 11/15/2020   1,900,000   1,961,500
7.250%, 12/15/2018   2,000,000   2,130,000
9.500%, 02/15/2015   2,600,000   2,931,500
Consol Energy Inc. 8.250%, 04/01/2020   1,400,000   1,473,500
El Paso Corp. 7.750%, 01/15/2032   300,000   348,159
Energy Transfer Equity LP        
7.500%, 10/15/2020   1,200,000   1,233,000
Energy XXI Gulf Coast, Inc.        
9.250%, 12/15/2017   1,000,000   975,000
Expro Finance Luxembourg SCA        
8.500%, 12/15/2016 (S)   1,000,000   870,000
Linn Energy LLC/Linn Energy        
Finance Corp. 8.625%, 04/15/2020   1,700,000   1,751,000
Petrohawk Energy Corp.        
7.875%, 06/01/2015   2,000,000   2,137,500
Petroplus Finance, Ltd.        
6.750%, 05/01/2014 (S)   800,000   696,000
7.000%, 05/01/2017 (S)   500,000   405,000
Sabine Pass LNG LP        
7.250%, 11/30/2013   1,000,000   967,500
7.500%, 11/30/2016   800,000   740,000
SandRidge Energy, Inc.        
8.000%, 06/01/2018 (S)   3,000,000   2,820,000
9.875%, 05/15/2016 (S)   1,200,000   1,236,000
SESI LLC 6.875%, 06/01/2014   1,000,000   1,002,500
W&T Offshore, Inc.        
8.500%, 06/15/2019 (S)   1,200,000   1,164,000
Western Refining, Inc.        
11.250%, 06/15/2017 (S)   2,500,000   2,700,000
 
        29,581,909
Financials - 9.53%        
Bank of America Corp., (8.125% to        
05/15/2018, then 3 month        
LIBOR + 3.640%) ,05/15/2018 (Q) $ 1,500,000   1,275,225
Boparan Finance PLC        
9.750%, 04/30/2018 (S) EUR 700,000   740,824
Boparan Holdings, Ltd.        
9.875%, 04/30/2018 (S) GBP 750,000   906,444
CIT Group, Inc.        
7.000%, 05/04/2015 to 05/02/2017 (S) $ 17,200,000   16,823,500
Ford Motor Credit Company LLC        
12.000%, 05/15/2015   1,300,000   1,560,000
Host Hotels & Resorts LP        
9.000%, 05/15/2017   600,000   648,000
iStar Financial, Inc. 8.625%, 06/01/2013   2,750,000   2,502,500
JPMorgan Chase & Company (7.900% to        
04/30/2018, then 3 month        
LIBOR + 3.470%) 04/30/2018 (Q)   7,500,000   7,725,075
M&T Bank Corp.        
6.875%, 06/15/2016 (Q)(S)   1,500,000   1,492,500
Morgan Stanley Zero        
Coupon 01/24/2012 (S)(Z)   190,000   132,535
UBS AG Zero Coupon 09/14/2012 (S)(Z)   5,000,000   3,056,500
 
        36,863,103

 

181

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Income Trust (continued)        
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Health Care - 5.19%        
Community Health Systems, Inc.        
8.875%, 07/15/2015 $ 3,500,000 $ 3,438,750
Giant Funding Corp.        
8.250%, 02/01/2018 (S)   600,000   600,000
HCA, Inc.        
6.500%, 02/15/2016 to 02/15/2020   3,500,000   3,371,750
7.500%, 02/15/2022   1,200,000   1,107,000
8.000%, 10/01/2018   3,000,000   2,932,500
Mylan, Inc. 6.000%, 11/15/2018 (S)   800,000   778,000
Tenet Healthcare Corp.        
8.000%, 08/01/2020   400,000   363,000
9.250%, 02/01/2015   3,500,000   3,500,000
10.000%, 05/01/2018   3,250,000   3,518,125
Vanguard Health Holding Company II LLC        
/ Vanguard Holding Company II I        
7.750%, 02/01/2019   500,000   445,625
Vanguard Health Systems, Inc. Zero        
Coupon 02/01/2016 (Z)   17,000   11,050
 
        20,065,800
Industrials - 3.25%        
Abengoa Finance SAU        
8.875%, 11/01/2017 (S)   1,200,000   1,098,000
American Airlines, Inc.        
7.500%, 03/15/2016 (S)   2,500,000   2,100,000
CEVA Group PLC        
8.375%, 12/01/2017 (S)   1,000,000   925,000
11.500%, 04/01/2018 (S)   2,200,000   2,024,000
RBS Global, Inc./Rexnord LLC        
8.500%, 05/01/2018   1,200,000   1,149,000
11.750%, 08/01/2016   1,000,000   1,020,000
Terex Corp. 8.000%, 11/15/2017   3,000,000   2,655,000
The Manitowoc Company, Inc.        
9.500%, 02/15/2018   800,000   782,000
United Rentals North America, Inc.        
8.375%, 09/15/2020   900,000   825,750
 
        12,578,750
Information Technology - 5.11%        
CDW LLC/CDW Finance Corp.        
8.500%, 04/01/2019 (S)   2,500,000   2,200,000
12.535%, 10/12/2017   750,000   716,250
First Data Corp.        
8.250%, 01/15/2021 (S)   2,500,000   1,975,000
9.875%, 09/24/2015   199,000   166,663
11.250%, 03/31/2016   1,400,000   945,000
12.625%, 01/15/2021 (S)   3,050,000   2,257,000
First Data Corp., PIK        
8.750%, 01/15/2022 (S)   1,504,000   1,188,160
10.550%, 09/24/2015   1,000,000   832,500
Freescale Semiconductor, Inc.        
8.050%, 02/01/2020   1,800,000   1,629,000
10.125%, 12/15/2016   3,250,000   3,306,875
10.750%, 08/01/2020   1,676,000   1,676,000
Sterling Merger, Inc.        
11.000%, 10/01/2019 (S)   300,000   285,000
SunGard Data Systems, Inc.        
10.625%, 05/15/2015   2,500,000   2,606,250
 
        19,783,698
Materials - 2.05%        
Berry Plastics Corp. 9.750%, 01/15/2021   700,000   595,000
Cemex SAB de CV        
9.000%, 01/11/2018 (S)   3,000,000   2,032,500
FMG Resources August 2006 Pty, Ltd.        
6.875%, 02/01/2018 (S)   1,000,000   880,000

 

Income Trust (continued)        
    Shares or    
    Principal    
    Amount   Value
 
 
CORPORATE BONDS (continued)        
Materials (continued)        
FMG Resources        
August 2006 Pty, Ltd. (continued)        
7.000%, 11/01/2015 (S) $ 500,000 $ 465,000
Ineos Group Holdings PLC        
7.875%, 02/15/2016 (S) EUR 1,650,000   1,514,252
Kinove German Bondco GMB        
10.000%, 06/15/2018 (S)   1,500,000   1,718,229
Sealed Air Corp.        
8.125%, 09/15/2019 (S) $ 500,000   505,000
8.375%, 09/15/2021 (S)   200,000   202,000
 
        7,911,981
Telecommunication Services - 0.79%        
Clearwire Communications LLC        
12.000%, 12/01/2015 (S)   700,000   593,250
Cricket Communications, Inc.        
7.750%, 10/15/2020   2,000,000   1,740,000
7.750%, 10/15/2020 (S)   300,000   258,000
Frontier Communications Corp.        
8.500%, 04/15/2020   500,000   485,000
 
        3,076,250
Utilities - 3.74%        
Calpine Corp.        
7.500%, 02/15/2021 (S)   1,000,000   955,000
7.875%, 07/31/2020 (S)   800,000   772,000
Dynegy Holdings LLC        
7.500%, 06/01/2015   1,220,000   780,800
7.750%, 06/01/2019   1,250,000   756,250
8.375%, 05/01/2016   4,000,000   2,420,000
GenOn Energy, Inc. 7.875%, 06/15/2017   400,000   368,000
Intergen NV 9.000%, 06/30/2017 (S)   1,000,000   1,017,500
Public Service Company of New Mexico        
7.950%, 05/15/2018   1,100,000   1,263,411
RRI Energy, Inc. 7.625%, 06/15/2014   900,000   879,750
Texas Competitive Electric        
Holdings Company LLC        
11.500%, 10/01/2020 (S)   700,000   560,000
15.000%, 04/01/2021 (S)   2,030,000   1,238,300
Texas Competitive Electric Holdings        
Company LLC, PIK        
10.500%, 11/01/2016   148,536   62,385
Texas Competitive Electric Holdings        
Company LLC, Series A        
10.250%, 11/01/2015   9,000,000   3,375,000
 
        14,448,396
TOTAL CORPORATE BONDS (Cost $180,791,290)  $ 169,954,513
 
CAPITAL PREFERRED SECURITIES - 1.47%      
Financials - 1.47%        
Wells Fargo Capital XIII (7.700% to        
03/26/2013, then 3 month        
US LIBOR + 3.890%) 10/03/2011 (Q)   900,000   900,000
Wells Fargo Capital XV (9.750% to        
09/26/2013, then 3 month        
LIBOR + 5.830%) 10/03/2011 (Q)   4,800,000   4,773,600
 
        5,673,600
TOTAL CAPITAL PREFERRED        
SECURITIES (Cost $4,706,754)    $ 5,673,600
 
CONVERTIBLE BONDS - 0.74%        
Financials - 0.48%        
Forest City Enterprises, Inc.        
4.250%, 08/15/2018 (S)   1,000,000   818,750

 

182

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Income Trust (continued)        
    Shares or    
    Principal    
    Amount   Value
 
 
CONVERTIBLE BONDS (continued)        
Financials (continued)        
iStar Financial, Inc.        
0.872%, 10/01/2012 (P) $ 1,200,000 $ 1,050,000
 
        1,868,750
Materials - 0.26%        
Cemex SAB de CV        
3.250%, 03/15/2016 (S)   1,350,000   631,125
3.750%, 03/15/2018 (S)   805,000   375,331
 
        1,006,456
TOTAL CONVERTIBLE BONDS (Cost $4,352,594)  $ 2,875,206
 
STRUCTURED NOTES (K) - 0.48%        
Financials - 0.48%        
Deutsche Bank AG/London        
8.000%, 11/23/2011 (S)   40,000   853,084
8.500%, 06/08/2012 (S)   40,000   1,011,136
 
        1,864,220
TOTAL STRUCTURED NOTES (K) (Cost $2,145,600) $ 1,864,220
 
MUNICIPAL BONDS - 0.33%        
California - 0.33%        
State of California        
7.950%, 03/01/2036 $ 1,140,000 $ 1,295,678
TOTAL MUNICIPAL BONDS (Cost $1,141,345) $ 1,295,678
 
TERM LOANS (M) - 5.70%        
Consumer Discretionary - 1.54%        
Allison Transmission, Inc.        
2.980%, 08/07/2014   2,688,459   2,524,463
Clear Channel Communications, Inc.        
3.890%, 01/28/2016   4,490,422   3,188,761
Supermedia, Inc.        
11.000%, 12/31/2015   512,607   225,547
 
        5,938,771
Consumer Staples - 0.25%        
BJ’s Wholesale Club, Inc.        
- 09/27/2018 (T)   1,000,000   964,821
Industrials - 0.17%        
US Investigations Services, Inc.        
2.980%, 02/21/2015   752,091   669,361
Information Technology - 1.25%        
First Data Corp.        
2.980%, 09/24/2014   1,749,152   1,526,864
2.980%, 09/24/2014   168,663   147,299
4.230%, 03/23/2018   1,584,873   1,300,586
Go Daddy Group, Inc.        
- 09/29/2017 (T)   1,000,000   930,000
SRA International, Inc.        
6.500%, 07/20/2018   1,000,000   922,500
 
        4,827,249
Utilities - 2.49%        
Dynegy Midwest Generation LLC        
9.250%, 08/04/2016   700,000   678,708
Dynegy Power LLC        
9.250%, 08/04/2016   1,300,000   1,276,844
Texas Competitive Electric Holdings        
Company LLC        
4.750%, 10/10/2017   11,493,117   7,682,436
 
        9,637,988
TOTAL TERM LOANS (Cost $25,823,946)   $ 22,038,190

 

Income Trust (continued)        
    Shares or    
    Principal    
    Amount   Value
 
 
COLLATERALIZED MORTGAGE        
OBLIGATIONS - 0.45%        
Financials - 0.45%        
Banc of America Large Loan, Inc.,        
Series 2010-HLTN, Class HLTN        
1.979%, 11/15/2015 (P)(S) $ 1,932,397 $ 1,721,978
TOTAL COLLATERALIZED MORTGAGE        
OBLIGATIONS (Cost $1,753,388)   $ 1,721,978
 
COMMON STOCKS - 38.34%        
Consumer Discretionary - 0.65%        
Automobiles - 0.04%        
General Motors Company (I)   8,495 $ 171,429
Media - 0.38%        
Comcast Corp., Class A   67,000   1,400,300
Dex One Corp. (I)(L)   99,669   55,815
 
        1,456,115
Multiline Retail - 0.23%        
Target Corp.   18,110   888,114
 
        2,515,658
Consumer Staples - 1.26%        
Beverages - 1.26%        
Diageo PLC   125,000   2,378,221
PepsiCo, Inc.   40,000   2,476,000
 
        4,854,221
 
        4,854,221
Energy - 6.02%        
Energy Equipment & Services - 0.53%        
Schlumberger, Ltd.   20,000   1,194,600
Weatherford International, Ltd. (I)   70,000   854,700
 
        2,049,300
Oil, Gas & Consumable Fuels - 5.49%        
BP PLC, ADR   80,000   2,885,600
Callon Petroleum Company (I)   56,247   217,676
Canadian Oil Sands, Ltd.   190,000   3,697,013
Chevron Corp.   15,000   1,387,800
ConocoPhillips   100,000   6,332,000
Exxon Mobil Corp.   50,000   3,631,500
Royal Dutch Shell PLC, ADR   30,000   1,845,600
Spectra Energy Corp. (L)   50,000   1,226,500
 
        21,223,689
 
        23,272,989
Financials - 4.81%        
Commercial Banks - 2.63%        
Banco Santander SA   126,923   1,037,601
Barclays PLC   150,000   368,224
CIT Group, Inc. (I)(L)   35,800   1,087,246
HSBC Holdings PLC   250,000   1,905,336
M&T Bank Corp. (L)   22,500   1,572,750
Wells Fargo & Company   174,800   4,216,176
 
        10,187,333
Diversified Financial Services - 1.87%        
Bank of America Corp.   375,000   2,295,000
Citigroup, Inc.   51,430   1,317,637
JPMorgan Chase & Company   120,000   3,614,400
 
        7,227,037
Insurance - 0.08%        
QBE Insurance Group, Ltd.   25,000   306,739

 

183

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Income Trust (continued)      
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Real Estate Investment Trusts - 0.22%      
Westfield Retail Trust 364,900 $ 846,480
Thrifts & Mortgage Finance - 0.01%      
Federal National Mortgage Association (I) 103,273   24,786
 
      18,592,375
Health Care - 5.65%      
Pharmaceuticals - 5.65%      
Johnson & Johnson 80,000   5,096,800
Merck & Company, Inc. 220,000   7,196,200
Pfizer, Inc. 200,000   3,536,000
Roche Holdings AG 37,500   6,033,064
 
      21,862,064
 
 
      21,862,064
Industrials - 1.00%      
Industrial Conglomerates - 1.00%      
General Electric Company 254,770   3,882,695
Information Technology - 1.25%      
Communications Equipment - 0.15%      
Cisco Systems, Inc. 37,280   577,467
Office Electronics - 0.27%      
Xerox Corp. 150,000   1,045,500
Semiconductors & Semiconductor Equipment - 0.83%    
Intel Corp. 150,000   3,199,500
 
      4,822,467
Materials - 0.76%      
Metals & Mining - 0.76%      
Barrick Gold Corp. (L) 52,600   2,453,790
Nucor Corp. 15,000   474,600
 
      2,928,390
 
      2,928,390
Telecommunication Services - 3.19%      
Diversified Telecommunication Services - 2.05%      
AT&T, Inc. (L) 160,000   4,563,200
CenturyLink, Inc. 30,000   993,600
France Telecom SA 28,700   470,616
Frontier Communications Corp. (L) 69,203   422,830
Telstra Corp., Ltd. 500,000   1,490,212
 
      7,940,458
Wireless Telecommunication Services - 1.14%      
SK Telecom Company, Ltd., ADR 20,000   281,400
Vodafone Group PLC 1,600,000   4,131,753
 
      4,413,153
 
 
      12,353,611
Utilities - 13.75%      
Electric Utilities - 7.41%      
American Electric Power Company, Inc. 110,100   4,186,002
Duke Energy Corp. (L) 150,000   2,998,500
Entergy Corp. 50,000   3,314,500
FirstEnergy Corp. 40,000   1,796,400
Nextera Energy, Inc. 90,000   4,861,800
Pinnacle West Capital Corp. 65,000   2,791,100
PPL Corp. 35,500   1,013,170
Progress Energy, Inc. 100,000   5,172,000
Southern Company 60,000   2,542,200
 
      28,675,672
Gas Utilities - 0.53%      
AGL Resources, Inc. (L) 50,000   2,037,000

 

Income Trust (continued)        
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS (continued)        
Independent Power Producers & Energy Traders - 0.13%    
Dynegy, Inc. (I)(L)   125,000 $ 515,000
Multi-Utilities - 5.68%        
Dominion Resources, Inc.   35,000   1,776,950
PG&E Corp.   135,000   5,711,850
Public Service Enterprise Group, Inc.   150,000   5,005,500
Sempra Energy   70,000   3,605,000
TECO Energy, Inc. (L)   150,000   2,569,500
Xcel Energy, Inc. (L)   133,400   3,293,646
 
        21,962,446
 
        53,190,118
TOTAL COMMON STOCKS (Cost $173,857,244)  $ 148,274,588
 
PREFERRED SECURITIES - 6.15%        
Consumer Discretionary - 0.21%        
Automobiles - 0.21%        
General Motors Company,        
Series B, 4.750% $ 23,600 $ 827,888
Energy - 1.26%        
Oil, Gas & Consumable Fuels - 1.26%        
Chesapeake Energy Corp., 5.750% (S)   1,900   2,147,019
Sandridge Energy, Inc., 7.000% (S)   26,500   2,723,670
 
        4,870,689
 
        4,870,689
Financials - 3.93%        
Commercial Banks - 1.23%        
Wells Fargo & Company, Series L, 7.500%   4,600   4,752,076
Consumer Finance - 0.23%        
Ally Financial, Inc., 7.000% (S)   1,341   898,009
Diversified Financial Services - 1.44%        
Bank of America Corp., Series L, 7.250%   5,350   4,098,047
Citigroup, Inc., 7.500%   18,300   1,457,229
 
        5,555,276
Insurance - 0.39%        
MetLife, Inc., 5.000%   27,000   1,527,120
Real Estate Investment Trusts - 0.47%        
FelCor Lodging Trust, Inc.,        
Series A, 1.950%   90,000   1,809,900
Thrifts & Mortgage Finance - 0.17%        
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)(L)   94,900   189,800
Federal National Mortgage        
Association, Series S (I)   79,300   150,670
Federal National Mortgage Association,        
Series R, 7.625% (I)   60,200   101,136
Federal National Mortgage Association,        
Series Q, 6.750% (I)   80,000   116,000
Federal National Mortgage        
Association, 5.375% (I)   20   116,000
 
        673,606
 
        15,215,987
Health Care - 0.30%        
Health Care Providers & Services - 0.30%      
Tenet Healthcare Corp., 7.000%   1,500   1,150,500

 

184

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Income Trust (continued)        
    Shares or    
    Principal    
    Amount   Value
 
 
PREFERRED SECURITIES (continued)        
Materials - 0.32%        
Metals & Mining - 0.32%        
AngloGold Ashanti Holdings        
Finance PLC, 6.000% $ 25,000 $ 1,224,250
Utilities - 0.13%        
Electric Utilities - 0.13%        
Nextera Energy, Inc., 8.375%   10,000   495,000
TOTAL PREFERRED SECURITIES (Cost $31,658,456) $ 23,784,314
 
WARRANTS - 0.11%        
Charter Communications, Inc., Class A        
(Expiration Date: 11/30/2014; Strike        
Price: $46.86) (I)   22,772   261,878
General Motors Company ( Expiration        
Date: 07/10/2016; Strike        
Price: $10.00) (I)   7,723   89,896
General Motors Company (Expiration        
Date: 07/10/2019; Strike        
Price: $18.33) (I)   7,723   61,243
TOTAL WARRANTS (Cost $954,836)   $ 413,017
 
SECURITIES LENDING COLLATERAL - 4.24%      
John Hancock Collateral        
Investment Trust, 0.2515% (W)(Y)   1,639,907   16,407,596
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $16,407,010)    $ 16,407,596
 
SHORT-TERM INVESTMENTS - 3.47%        
Repurchase Agreement - 3.47%        
Repurchase Agreement with State        
Street Corp. dated 09/30/2011 at 0.010%        
to be repurchased at $13,440,011 on        
10/03/2011, collateralized by        
$13,695,000 Federal Home Loan Bank,        
0.250% due 06/29/2012 (valued at        
$13,712,119, including interest) $ 13,440,000 $ 13,440,000
TOTAL SHORT-TERM INVESTMENTS (Cost $13,440,000)  $ 13,440,000
Total Investments (Income Trust)        
(Cost $457,032,463) - 105.42%    $ 407,742,900
Other assets and liabilities, net - (5.42%)       (20,955,952)
 
TOTAL NET ASSETS - 100.00%    $ 386,786,948
 
 
 
 
International Core Trust        
    Shares or    
    Principal    
        Value
 
 
COMMON STOCKS - 93.73%        
Australia - 4.43%        
BHP Billiton, Ltd.   84,388 $ 2,803,792
Billabong International, Ltd.   79,210   249,470
BlueScope Steel, Ltd.   714,326   492,861
Charter Hall Office REIT   262,414   841,158
Commonwealth Bank of Australia   46,580   2,025,320
Dexus Property Group   946,453   746,521
Goodman Fielder, Ltd.   739,112   343,315
Goodman Group   1,530,445   837,366
GPT Group   359,420   1,074,126
Iluka Resources, Ltd.   26,461   309,374
Investa Office Fund   1,350,078   781,770

 

International Core Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Australia (continued)      
Mirvac Group 635,948 $ 693,890
National Australia Bank, Ltd. 37,087   787,946
Pacific Brands, Ltd. 485,852   310,097
Qantas Airways, Ltd. (I) 185,753   248,701
QBE Insurance Group, Ltd. 201,016   2,466,381
Stockland 437,188   1,216,063
TABCORP Holdings, Ltd. 229,182   567,153
Telstra Corp., Ltd. 1,462,034   4,357,482
Wesfarmers, Ltd. 82,435   2,491,009
Westpac Banking Corp. 140,962   2,709,300
Woodside Petroleum, Ltd. 18,937   586,251
 
      26,939,346
Austria - 0.61%      
OMV AG 61,166   1,829,175
Andritz AG 2,929   240,160
IMMOFINANZ AG (I)(L) 140,395   398,601
Raiffeisen Bank International AG (L) 14,658   428,349
Voestalpine AG 28,689   831,522
 
      3,727,807
Belgium - 0.60%      
Ageas 284,533   489,452
Belgacom SA 34,012   1,025,170
Colruyt SA (L) 17,475   725,443
Delhaize Group SA 5,011   292,579
Dexia SA (I)(L) 167,207   317,270
Mobistar SA (I) 6,939   396,253
Umicore SA 10,519   381,334
 
      3,627,501
Bermuda - 0.03%      
Golden Ocean Group, Ltd. (L) 254,165   173,112
Canada - 2.54%      
BCE, Inc. (L) 31,100   1,166,065
Canadian National Railway Company 22,100   1,476,919
Canadian Natural Resources, Ltd. 47,100   1,383,020
Canadian Pacific Railway, Ltd. (L) 6,100   294,085
Encana Corp. (L) 139,800   2,690,873
Husky Energy, Inc. (L) 26,800   580,296
IGM Financial, Inc. (L) 12,900   548,302
Magna International, Inc. 8,600   284,369
Metro, Inc. (L) 13,600   594,667
National Bank of Canada 10,335   689,296
Potash Corp. of Saskatchewan, Inc. 19,300   838,009
Research In Motion, Ltd. (I) 66,200   1,349,396
RONA, Inc. 33,800   326,098
Sun Life Financial, Inc. (Toronto      
Stock Exchange) (L) 93,200   2,226,163
Suncor Energy, Inc. 23,000   587,346
Valeant Pharmaceuticals International, Inc. 8,500   316,834
Yellow Media, Inc. (L) 510,800   75,555
 
      15,427,293
Denmark - 0.78%      
H. Lundbeck A/S 6,446   122,569
Novo Nordisk A/S 46,768   4,649,302
 
      4,771,871
Finland - 0.56%      
Metso OYJ 6,195   180,506
Neste Oil OYJ 42,099   364,260
Nokia OYJ 403,224   2,284,029
Sampo OYJ 22,433   561,852
 
      3,390,647

 

185

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Core Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
France - 10.74%      
Alcatel-Lucent (I) 292,845 $ 837,308
Altran Technologies SA (I) 24,946   110,542
Archos SA (I)(L) 20,509   172,944
Arkema 17,997   1,045,155
BNP Paribas 47,221   1,869,119
Casino Guichard Perrachon SA 6,921   539,140
Cie de Saint-Gobain SA 44,402   1,695,918
Cie Generale d’Optique      
Essilor International SA 6,644   478,811
Cie Generale de Geophysique-Veritas (I) 16,779   294,632
Cie Generale des Etablissements Michelin 12,737   760,634
Dassault Systemes SA 10,088   712,309
France Telecom SA 106,456   1,745,640
L’Oreal SA 6,932   678,308
Lagardere SCA 32,589   799,515
LVMH Moet Hennessy Louis Vuitton SA 10,299   1,365,717
Peugeot SA 17,734   377,314
Renault SA 32,195   1,067,100
Safran SA 11,764   361,385
Sanofi 340,458   22,354,152
Schneider Electric SA 26,170   1,408,955
Societe Generale 30,518   799,617
SOITEC (I)(L) 32,510   174,025
Total SA 405,942   17,898,255
Unibail-Rodamco SE 4,079   726,968
Valeo SA 27,633   1,160,382
Vinci SA 30,401   1,305,405
Vivendi SA 166,199   3,393,385
Wendel SA 9,842   617,055
Zodiac SA 7,542   581,035
 
      65,330,725
Germany - 7.11%      
Aareal Bank AG (I) 22,529   348,542
Adidas AG 10,500   633,531
Aixtron Bank AG (L) 19,052   277,204
Aurubis AG 24,830   1,258,165
BASF SE 113,413   6,881,337
Bayerische Motoren Werke (BMW) AG 43,856   2,905,911
Bilfinger Berger SE 11,419   850,136
Continental AG (I) 4,891   281,065
Daimler AG 18,644   825,823
Deutsche Lufthansa AG 31,841   410,749
Deutsche Post AG 22,461   287,067
E.ON AG 450,689   9,829,045
Fresenius Medical Care AG 7,692   521,126
Fresenius SE & Company KGaA 8,441   749,134
GEA Group AG 27,004   630,960
Heidelberger Druckmaschinen AG (I)(L) 46,237   95,082
Infineon Technologies AG 275,280   2,027,287
Kloeckner & Company SE 37,903   462,775
Lanxess AG 26,892   1,292,688
Leoni AG 26,977   865,385
Linde AG 8,366   1,115,795
MAN SE 13,975   1,762,856
Puma SE 2,371   691,662
RWE AG 32,272   1,188,343
Salzgitter AG 15,141   726,423
SAP AG 33,646   1,715,113
Siemens AG 17,415   1,573,309
Software AG 21,623   683,392
Suedzucker AG 36,298   1,029,941
ThyssenKrupp AG 21,290   522,562
Volkswagen AG 6,356   787,713
 
      43,230,121

 

International Core Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Greece - 0.33%      
Alpha Bank AE (I) 121,169 $ 215,218
National Bank of Greece SA (I) 107,720   393,851
OPAP SA 106,557   1,081,156
Public Power Corp. SA 37,049   296,382
 
      1,986,607
Hong Kong - 1.63%      
AIA Group, Ltd. 317,000   901,255
CLP Holdings, Ltd. 277,096   2,480,346
Emperor Watch & Jewellery, Ltd. 1,860,000   213,585
Esprit Holdings, Ltd. 276,730   337,500
Hong Kong & China Gas Company, Ltd. 357,720   808,138
Hutchison Whampoa, Ltd. 55,000   407,147
Melco International Development 646,000   412,713
Pacific Basin Shipping, Ltd. 1,068,000   414,555
Power Assets Holdings, Ltd. 289,146   2,212,555
SJM Holdings, Ltd. 190,000   330,727
Swire Pacific, Ltd. 74,500   769,736
Yue Yuen Industrial Holdings, Ltd. 248,282   636,096
 
      9,924,353
Ireland - 1.13%      
C&C Group PLC 91,864   346,345
C&C Group PLC - London Exchange 12,809   48,295
CRH PLC 162,906   2,512,619
DCC PLC 29,466   739,219
Experian PLC 41,767   469,888
Kerry Group PLC 41,339   1,447,300
Paddy Power PLC 4,364   224,551
Paddy Power PLC - London Exchange 2,274   117,570
Shire PLC 30,389   947,585
 
      6,853,372
Israel - 0.25%      
Bezek Israeli Telecommunications Corp., Ltd. 211,133   395,818
Discount Investment Corp. 14,542   114,366
Israel Chemicals, Ltd. 37,438   427,102
Makhteshim-Agan Industries, Ltd. (I) 107,497   587,905
 
      1,525,191
Italy - 5.39%      
Banco Popolare Societa Cooperativa 466,613   768,458
BGP Holdings PLC (I) 2,126,418   3
Davide Campari Milano SpA 34,045   248,306
Enel SpA 2,216,331   9,805,853
Eni SpA 675,919   11,876,192
Finmeccanica SpA 131,455   907,369
Fondiaria-Sai SpA (I) 85,246   177,266
Italcementi SpA - RSP 34,167   98,693
Mediaset SpA 110,881   348,124
Pirelli & Company SpA 81,480   578,206
Recordati SpA 47,565   413,541
Saipem SpA 40,046   1,404,130
Snam Rete Gas SpA 259,337   1,197,133
Telecom Italia SpA 1,602,375   1,739,941
Telecom Italia SpA, RSP 1,838,598   1,786,256
Terna Rete Elettrica Nazionale SpA 208,256   772,507
Tod’s SpA 2,514   211,540
UniCredit SpA 429,765   457,344
 
      32,790,862
Japan - 25.11%      
Advance Residence Investment Corp. 242   437,363
AEON Company, Ltd. 133,400   1,800,724
Aiful Corp. (I)(L) 243,500   348,494
Aisin Seiki Company, Ltd. 17,700   588,047

 

186

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Core Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Japan (continued)      
Alps Electric Company, Ltd. 130,354 $ 998,433
Anritsu Corp. (L) 86,000   951,366
Asahi Kasei Corp. 88,000   528,163
Astellas Pharma, Inc. 80,326   3,030,328
Bridgestone Corp. 55,400   1,256,162
Calsonic Kansei Corp. 116,000   700,727
Canon, Inc. 22,000   995,985
Circle K Sunkus Company, Ltd. 15,900   267,231
Cosmo Oil Company, Ltd. 202,000   500,944
CSK Corp. (I)(L) 102,000   390,216
CyberAgent, Inc. (L) 323   862,351
Daikyo, Inc. (I) 347,000   557,923
Dainippon Screen      
Manufacturing Company, Ltd. 100,000   611,504
Daito Trust Construction Company, Ltd. 56,500   5,180,756
Dena Company, Ltd. 38,500   1,610,655
Don Quijote Company, Ltd. 26,200   936,420
EDION Corp. 37,800   315,661
Eisai Company, Ltd. 39,320   1,584,726
Electric Power Development Company, Ltd. 17,800   524,530
FANUC Corp. 14,300   1,968,806
Fast Retailing Company, Ltd. 9,400   1,683,200
Fuji Heavy Industries, Ltd. 191,884   1,120,888
Gree, Inc. 21,900   656,981
Gunze, Ltd. 106,000   346,812
Hanwa Company, Ltd. 95,000   428,094
Haseko Corp. (I) 945,500   593,660
Hikari Tsushin, Inc. 18,000   425,770
Hitachi, Ltd. 684,000   3,402,030
Honda Motor Company, Ltd. 38,688   1,134,332
Hosiden Corp. 34,800   246,733
Inpex Corp. 248   1,528,277
Isuzu Motors, Ltd. 209,000   894,862
ITOCHU Corp. 187,900   1,794,655
JFE Holdings, Inc. 61,000   1,230,116
JGC Corp. 27,000   662,972
Juki Corp. (L) 97,000   183,873
JX Holdings, Inc. 861,700   4,836,391
K’s Holding Corp. 40,100   1,568,550
Kajima Corp. 630,000   2,072,826
Kakaku.com, Inc. 21,800   898,374
Kao Corp. 100,050   2,783,044
Kawasaki Kisen Kaisha, Ltd. 359,000   745,811
KDDI Corp. 675   4,635,956
Kinugawa Rubber      
Industrial Company, Ltd. (L) 36,000   300,333
Komatsu, Ltd. 74,700   1,613,086
Konami Corp. 21,377   717,740
Lawson, Inc. 15,500   876,071
Leopalace21 Corp. (I)(L) 173,600   378,492
Makino Milling Machine Company, Ltd. 65,000   381,434
Marubeni Corp. 262,176   1,466,133
Marui Company, Ltd. 90   676
Mazda Motor Corp. (I)(L) 559,512   1,126,378
Mitsubishi Chemical Holdings Corp. 338,500   2,290,294
Mitsubishi Corp. 32,905   670,100
Mitsubishi Electric Corp. 153,000   1,355,030
Mitsubishi Heavy Industries, Ltd. 181,000   761,142
Mitsubishi UFJ Lease &      
Finance Company, Ltd. 24,450   976,551
Mitsui & Company, Ltd. 94,400   1,366,349
Mitsui Mining & Smelting Company, Ltd. 213,000   548,528
Mitsui O.S.K. Lines, Ltd. 247,000   946,640
Mizuho Financial Group, Inc. (L) 1,220,000   1,762,093
Nachi-Fujikoshi Corp. 56,000   272,145

 

International Core Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Japan (continued)      
Net One Systems Company, Ltd. 214 $ 562,325
NICHIREI Corp. 99,000   456,488
Nintendo Company, Ltd. 4,900   713,725
Nippon Chemi-Con Corp. 133,000   476,199
Nippon Light Metal Company, Ltd. 441,000   723,450
Nippon Paper Group, Inc. 11,500   305,764
Nippon Steel Corp. 542,000   1,551,428
Nippon Telegraph & Telephone Corp. 95,200   4,575,380
Nippon Yakin Kogyo Company, Ltd. (I) 84,000   140,083
Nippon Yusen Kabushiki Kaisha 356,000   961,064
Nipro Corp. (L) 52,200   491,965
Nissan Motor Company, Ltd. 225,600   1,993,685
Nisshinbo Holdings, Inc. 50,000   434,701
Nitori Holdings Company, Ltd. 12,900   1,297,865
Nitto Denko Corp. 15,200   598,776
Nomura Research Institute, Ltd. 14,100   320,505
NTT DoCoMo, Inc. 2,164   3,944,755
Obayashi Corp. 180,000   892,112
OKUMA Corp. 110,000   668,357
Ono Pharmaceutical Company, Ltd. 9,300   553,788
ORIX Corp. 24,050   1,874,215
Osaka Gas Company, Ltd. 411,880   1,712,069
Penta-Ocean Construction Company, Ltd. (L) 174,000   504,805
Point, Inc. 16,000   806,134
Promise Company, Ltd. (I) 70,450   590,022
Resona Holdings, Inc. 841,800   3,985,664
Ricoh Company, Ltd. (L) 75,000   627,448
Round One Corp. 100,200   723,926
Ryohin Keikaku Company, Ltd. 18,900   1,044,313
Sankyo Company, Ltd. 27,400   1,478,172
Secom Company, Ltd. 23,000   1,105,809
SEGA SAMMY HOLDINGS, INC. 51,300   1,198,179
Seven & I Holdings Company, Ltd. 24,800   696,187
Shimamura Company, Ltd. 6,800   712,679
Showa Shell Sekiyu KK 68,800   490,198
Sojitz Corp. 761,000   1,390,534
Sumitomo Corp. 282,000   3,486,760
Sumitomo Osaka Cement Company, Ltd. 172,000   577,403
Taiheiyo Cement Corp. 1,010,000   1,843,918
Taisei Corp. 635,000   1,751,435
Taisho Pharmaceuticals Company, Ltd. 14,210   348,940
Takeda Pharmaceutical Company, Ltd. 202,911   9,634,198
Takefuji Corp. (I) 62,930   816
Toho Zinc Company, Ltd. 114,000   422,626
Tokyo Gas Company, Ltd. 111,603   519,851
Tokyo Steel Manufacturing Company, Ltd. 57,700   547,403
Tokyo Tatemono Company, Ltd. 267,000   810,633
TonenGeneral Sekiyu KK 79,867   915,950
Toray Industries, Inc. 132,000   925,038
Tosoh Corp. 191,000   596,768
Toyo Engineering Corp. 87,000   288,802
Toyota Motor Corp. 69,600   2,379,237
Toyota Tsusho Corp. 105,100   1,795,821
UNY Company, Ltd. 138,000   1,284,218
USS Company, Ltd. 8,740   743,427
Yahoo! Japan Corp. 1,954   607,070
Yamada Denki Company, Ltd. 42,500   2,967,247
Zeon Corp. 120,000   1,100,037
 
      152,781,304
Jersey, C.I. - 0.06%      
Randgold Resources, Ltd. 3,881   377,703
Netherlands - 3.73%      
CSM 26,515   523,027

 

187

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Core Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Netherlands (continued)      
European Aeronautic Defence &      
Space Company 21,344 $ 598,817
ING Groep NV (I) 461,839   3,250,428
Koninklijke BAM Groep NV 142,829   571,411
Royal Dutch Shell PLC (London      
Stock Exchange) 284,414   8,821,193
Royal Dutch Shell PLC, B Shares 242,152   7,521,190
Unilever NV 34,974   1,107,767
Wereldhave NV 3,820   268,492
 
      22,662,325
New Zealand - 0.56%      
Fletcher Building, Ltd. (New      
Zealand Exchange) 153,175   890,001
Telecom Corp. of New Zealand, Ltd. 1,284,504   2,540,051
 
      3,430,052
Norway - 0.09%      
TGS Nopec Geophysical Company ASA 13,440   249,828
Yara International ASA 7,926   302,263
 
      552,091
Portugal - 0.13%      
Jeronimo Martins SGPS SA 49,221   766,947
Singapore - 1.61%      
CapitaCommercial Trust 341,000   258,377
Ezra Holdings, Ltd. 458,000   292,070
Golden Agri-Resources, Ltd. 4,100,000   1,883,006
Neptune Orient Lines, Ltd. 146   120
Oversea-Chinese Banking Corp., Ltd. 48,899   300,916
SembCorp Marine, Ltd. 376,426   920,781
Singapore Exchange, Ltd. 229,000   1,148,838
Singapore Press Holdings, Ltd. 320,000   914,543
Singapore Telecommunications, Ltd. 1,436,210   3,467,592
Suntec Real Estate Investment Trust 270,000   236,201
Swiber Holdings, Ltd. (I) 333,000   127,683
Venture Corp., Ltd. 49,000   248,454
 
      9,798,581
Spain - 4.09%      
Banco Popular Espanol SA (L) 380,379   1,751,474
Banco Santander SA 478,000   3,907,670
Ferrovial SA 33,263   379,971
Fomento de Construcciones      
y Contratas SA (L) 22,920   566,424
Gas Natural SDG SA 158,594   2,703,206
Grifols SA (I) 34,725   649,559
Iberdrola SA 283,052   1,915,544
Inditex SA 20,592   1,763,452
Red Electrica De Espana 11,059   504,671
Repsol YPF SA 123,586   3,256,233
Telefonica SA 391,579   7,507,080
 
      24,905,284
Sweden - 1.05%      
Alfa Laval AB 17,333   272,122
Atlas Copco AB, Series A 47,076   831,580
Boliden AB 61,788   637,382
Hennes & Mauritz AB, B Shares 32,938   983,895
Investor AB, B Shares 27,844   488,739
NCC AB 36,841   597,926
Swedbank AB, Class A 162,195   1,787,290
Trelleborg AB, Series B 123,966   797,472
 
      6,396,406

 

International Core Trust (continued)    
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Switzerland - 3.95%      
Cie Financiere Richemont SA 24,350 $ 1,080,914
Nestle SA 101,367   5,572,177
Novartis AG 209,222   11,676,586
Roche Holdings AG 10,245   1,648,233
Swisscom AG 1,235   501,815
Syngenta AG (I) 2,898   750,754
The Swatch Group AG, BR Shares 3,301   1,081,794
Wolseley PLC 50,778   1,264,027
Xstrata PLC 37,036   464,484
 
      24,040,784
United Kingdom - 17.19%      
3i Group PLC 202,265   588,386
Aggreko PLC 51,300   1,295,584
Amlin PLC 89,585   392,648
Antofagasta PLC 35,256   500,582
ARM Holdings PLC 283,469   2,426,200
ASOS PLC (I) 14,441   341,293
Associated British Foods PLC 39,608   679,317
AstraZeneca PLC 408,592   18,091,100
Aviva PLC 156,348   738,766
BAE Systems PLC 293,665   1,210,694
Barclays PLC 1,094,625   2,687,114
BG Group PLC 184,975   3,522,350
BHP Billiton PLC 48,280   1,279,322
Bodycote PLC 30,469   116,306
BP PLC 605,717   3,633,033
British American Tobacco PLC 88,276   3,741,574
BT Group PLC 1,679,730   4,502,722
Burberry Group PLC 135,619   2,454,907
Cobham PLC 243,419   660,261
Cookson Group PLC 50,920   341,372
Diageo PLC 56,377   1,072,616
Dixons Retail PLC (I)(L) 851,145   151,057
Drax Group PLC 165,777   1,230,751
FirstGroup PLC 143,501   711,341
GlaxoSmithKline PLC 889,560   18,366,282
Home Retail Group PLC 412,371   715,833
IMI PLC 74,225   816,561
Imperial Tobacco Group PLC 20,757   700,974
ITV PLC (I) 326,044   299,155
Jazztel PLC (I) 43,487   214,725
Kesa Electricals PLC 80,326   104,485
Legal & General Group PLC 211,215   316,108
Lloyds Banking Group PLC (I) 1,951,911   1,035,021
National Express Group PLC 51,250   185,315
Next PLC 59,687   2,336,300
Pearson PLC 30,784   541,842
Petrofac, Ltd. 15,352   284,028
Prudential PLC 99,446   851,177
Reckitt Benckiser Group PLC 29,708   1,501,945
Rio Tinto PLC 69,101   3,051,839
Royal Bank of Scotland Group PLC (I) 1,982,953   709,896
SABMiller PLC 18,269   593,779
Scottish & Southern Energy PLC 78,860   1,577,112
Smith & Nephew PLC 104,904   943,149
Standard Chartered PLC 66,839   1,334,065
Subsea 7 SA (I) 30,692   583,508
Taylor Wimpey PLC (I) 1,080,260   585,947
The Capita Group PLC 46,482   508,046
The Sage Group PLC 194,890   772,720
The Weir Group PLC 47,803   1,145,370
Thomas Cook Group PLC 458,238   281,286
Travis Perkins PLC 55,369   651,441
United Utilities Group PLC 48,142   466,270

 

188

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Core Trust (continued)      
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS (continued)        
United Kingdom (continued)        
Vodafone Group PLC   3,743,080 $ 9,665,927
William Hill PLC   270,671   951,021
Yell Group PLC (I)(L)   1,294,859   82,113
 
        104,542,536
United States - 0.03%        
Boart Longyear Group   86,477   213,512
TOTAL COMMON STOCKS (Cost $657,791,111)  $ 570,166,333
 
PREFERRED SECURITIES - 0.95%        
Germany - 0.95%        
Hugo Boss AG $ 2,411 $ 192,145
Porsche Automobil Holding SE   42,739   2,045,924
ProSiebenSat.1 Media AG   35,505   621,606
Volkswagen AG   22,328   2,953,991
 
        5,813,666
TOTAL PREFERRED SECURITIES (Cost $6,612,407)  $ 5,813,666
Rights - 0.00%        
Goodman Fielder, Ltd. (Expiration Date:        
10/21/2011, Strike Price: AUD 0.45) (I)   307,963   14,901
TOTAL RIGHTS (Cost $0)   $  14,901
 
SECURITIES LENDING COLLATERAL - 2.85%      
John Hancock Collateral        
Investment Trust, 0.2515% (W)(Y)   1,732,337   17,332,377
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $17,331,864)   $  17,332,377
 
SHORT-TERM INVESTMENTS - 4.28%      
Money Market Funds - 4.28%        
State Street Institutional Treasury Money        
Market Fund, 0.0000% (Y) $ 26,015,664 $ 26,015,664
TOTAL SHORT-TERM INVESTMENTS (Cost $26,015,664)  $ 26,015,664
Total Investments (International Core Trust)      
(Cost $707,751,046) - 101.81%    $ 619,342,941
Other assets and liabilities, net - (1.81%)       (11,016,136)
 
 
TOTAL NET ASSETS - 100.00%    $ 608,326,805
 
 
 
 
International Equity Index Trust A      
    Shares or    
    Principal    
        Value
 
 
COMMON STOCKS - 93.35%        
Australia - 5.50%        
AGL Energy, Ltd.   9,599 $ 131,623
Alumina, Ltd.   51,496   72,003
Amcor, Ltd.   24,502   161,228
AMP, Ltd.   55,165   207,080
Asciano Group   48,810   67,184
Australia & New Zealand Banking Group, Ltd. 51,400   954,575
Australian Stock Exchange, Ltd.   3,619   105,069
Bendigo and Adelaide Bank, Ltd.   7,292   59,105
BHP Billiton, Ltd.   62,837   2,087,760
BlueScope Steel, Ltd.   43,158   29,778
Boral, Ltd.   14,124   46,988
Brambles, Ltd.   27,356   168,773
Caltex Australia, Ltd.   2,853   29,403
CFS Gandel Retail Trust   34,648   58,115

 

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Australia (continued)      
Coca-Cola Amatil, Ltd. 11,962 $ 136,866
Cochlear, Ltd. 1,118   49,679
Commonwealth Bank of Australia 30,248   1,315,197
Computershare, Ltd. 8,579   61,088
Crown, Ltd. 9,470   72,160
CSL, Ltd. 10,802   308,121
Dexus Property Group 85,097   67,121
Duluxgroup, Ltd. 8,017   19,302
Echo Entertainment Group, Ltd. (I) 13,706   47,869
Fortescue Metals Group, Ltd. 26,436   109,590
Foster’s Group, Ltd. 40,218   204,173
Goodman Group 109,709   60,026
GPT Group 34,392   102,780
Harvey Norman Holding, Ltd. 8,189   16,832
Iluka Resources, Ltd. 8,402   98,234
Incitec Pivot, Ltd. 29,906   92,713
John Fairfax Holdings, Ltd. (L) 35,039   27,561
Leighton Holdings, Ltd. 2,998   52,557
Lend Lease Corp. 11,232   75,255
MacArthur Coal, Ltd. 2,962   45,316
Macquarie Airports, Ltd. 6,341   19,644
Macquarie Group, Ltd. 6,506   139,172
Metcash, Ltd. 13,891   54,569
Mirvac Group 56,704   61,870
National Australia Bank, Ltd. 42,964   912,808
Newcrest Mining, Ltd. 15,277   503,448
NRMA Insurance Group, Ltd. 44,162   127,695
OneSteel, Ltd. 21,338   25,027
Orica, Ltd. 6,836   153,122
Origin Energy, Ltd. 20,728   265,343
Oxiana, Ltd. 5,781   51,444
Paladin Resources, Ltd. (I) 11,802   13,512
Qantas Airways, Ltd. (I) 27,133   36,328
QBE Insurance Group, Ltd. 21,579   264,765
QR National, Ltd. 33,938   102,591
Rio Tinto, Ltd. 8,513   498,415
Santos, Ltd. 17,912   193,696
Sonic Healthcare, Ltd. 6,566   71,848
SP Ausnet 26,710   23,964
Stockland 45,247   125,857
Suncorp-Metway, Ltd. 27,212   206,905
TABCORP Holdings, Ltd. 14,688   36,348
Tattersall’s, Ltd. 27,055   57,891
Telstra Corp., Ltd. 83,023   247,444
Toll Holdings, Ltd. 11,981   50,241
Transurban Group, Ltd. 25,982   135,069
Treasury Wine Estates, Ltd. 13,406   49,575
Wesfarmers, Ltd. 20,402   616,505
Wesfarmers, Ltd. (Price Protected Shares) 2,983   91,624
Westfield Group 43,325   320,767
Westfield Retail Trust 47,784   110,847
Westpac Banking Corp. 59,592   1,145,363
Woodside Petroleum, Ltd. 11,986   371,062
Woolworths, Ltd. 23,962   572,570
WorleyParsons, Ltd. 2,956   73,760
 
      14,872,213
Austria - 0.17%      
OMV AG 2,190   65,492
Erste Group Bank AG 3,990   101,701
Immoeast AG (I) 6,755   0
IMMOFINANZ AG (I)(L) 10,132   28,766
Oesterreichische Elektrizitaets AG, Class A 1,380   39,893
Raiffeisen Bank International AG (L) 1,623   47,429
Telekom Austria AG 7,482   75,483

 

189

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Austria (continued)      
Voestalpine AG 2,319 $ 67,214
Wiener Staedtische Allgemeine      
Versicherung AG 1,013   38,471
 
      464,449
Belgium - 0.65%      
Ageas 55,936   67,351
Anheuser-Busch InBev NV 22,265   854,120
Bekaert SA 759   30,992
Belgacom SA 3,210   96,754
Colruyt SA 1,790   74,309
Delhaize Group SA 1,944   113,505
Dexia SA 8,581   16,282
Groupe Bruxelles Lambert SA 1,576   110,906
KBC Bancassurance Holding NV 2,918   67,162
Mobistar SA 683   39,003
Solvay SA 1,105   103,949
UCB SA 2,353   100,196
Umicore SA 2,192   79,464
 
      1,753,993
Bermuda - 0.08%      
Seadrill, Ltd. 7,387   204,570
Brazil - 1.40%      
All America Latina Logistica SA 8,400   38,108
B2W Companhia Global Do Varejo 2,791   21,820
Banco do Brasil SA 12,102   159,880
Banco Santander Brasil SA 11,780   85,958
BM&F Bovespa SA 30,300   141,650
BR Malls Participacoes SA 8,056   82,306
Brasil Telecom SA 584   3,817
Brasil Telecom SA - New York Exchange 494   8,625
Brookfield Incorporacoes SA 8,229   24,159
CCR SA 2,900   75,498
Centrais Eletricas Brasileiras SA 3,600   31,017
Cia de Saneamento Basico do Estado de      
Sao Paulo 2,558   59,452
Cia de Transmissao de Energia Electrica      
Paulista, ADR (I) 83   1,993
Cielo SA 6,195   138,051
Companhia Siderurgica Nacional SA 16,000   125,600
Companhia Siderurgica Nacional SA, ADR 200   1,588
Cosan SA Industria e Comercio 2,887   36,804
CPFL Energia SA 4,400   48,277
Cyrela Brazil Realty SA 6,000   37,367
Duratex SA 4,982   22,813
EDP - Energias do Brasil SA 1,600   32,336
Empresa Brasileira de Aeronautica SA 12,500   78,115
Fibria Celulose SA 2,814   21,402
Gafisa SA 8,032   22,939
Hypermarcas SA 5,544   26,065
JBS SA (I) 9,071   17,512
Localiza Rent a Car SA 1,961   25,969
Lojas Renner SA 3,300   88,895
Marfrig Frigorificos e Comercio      
de Alimentos SA 4,561   14,870
MMX Mineracao e Metalicos SA (I) 3,720   13,948
MRV Engenharia e Participacoes SA 7,455   38,182
Multiplan Empreendimentos Imobiliarios SA 1,514   28,062
Natura Cosmeticos SA 3,400   57,865
OGX Petroleo e Gas Participacoes SA (I) 28,200   172,477
PDG Realty SA Empreendimentos      
e Participacoes 20,914   68,184
Perdigao SA 13,756   235,430
Petroleo Brasileiro SA 54,015   600,406

 

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Brazil (continued)      
Porto Seguro SA 2,616 $ 24,348
Redecard SA 8,535   116,206
Rossi Residencial SA 2,703   12,622
Souza Cruz SA 8,000   80,500
Tam SA 91   1,355
Tele Norte Leste Participacoes SA 700   7,669
Tele Norte Leste Participacoes SA, ADR 1,336   12,732
Tim Participacoes Satim Participacoes SA 10,288   47,603
Tractebel Energia SA 2,800   38,867
Ultrapar Participacoes SA 6,000   94,136
Usinas Siderurgicas de Minas Gerais SA 3,000   34,304
Vale Fertilizantes SA 28,300   641,933
 
      3,799,715
Canada - 7.98%      
Agnico-Eagle Mines, Ltd. 3,487   208,475
Agrium, Inc. 3,239   215,593
Alimentation Couche Tard, Inc. 3,100   86,974
ARC Resources, Ltd. 2,700   58,128
Athabasca Oil Sands Corp. (I) 4,200   42,966
Bank of Montreal (L) 12,191   682,552
Bank of Nova Scotia (L) 20,852   1,049,067
Barrick Gold Corp. 19,410   909,653
Baytex Energy Corp. 2,200   91,976
BCE, Inc. 5,238   196,394
Bombardier, Inc. 36,262   126,998
Bonavista Energy Corp. 1,500   33,725
Brookfield Asset Management, Inc. 10,948   302,770
Brookfield Residential Properties, Inc. (I) 541   3,598
CAE, Inc. 5,584   52,382
Cameco Corp. 8,634   158,525
Canadian Imperial Bank of Commerce (L) 7,870   551,103
Canadian National Railway Company 8,902   594,911
Canadian Natural Resources, Ltd. 21,216   622,976
Canadian Oil Sands, Ltd. 4,900   95,344
Canadian Pacific Railway, Ltd. (L) 3,326   160,349
Canadian Tire Corp., Ltd. 1,446   78,654
Canadian Utilities, Ltd. 1,300   77,052
Cenovus Energy, Inc. 15,836   487,668
CGI Group, Inc. (I) 4,924   92,616
Chorus Aviation, Inc. 350   1,283
CI Financial Corp. 2,467   48,827
Crescent Point Energy Corp. 4,900   184,469
Eldorado Gold Corp. 11,900   204,977
Empire Company, Ltd. 300   16,461
Enbridge, Inc. (L) 14,048   448,426
Encana Corp. (L) 14,136   272,090
Enerplus Corp. 3,600   88,875
Fairfax Financial Holdings, Ltd.      
(Toronto Exchange) 441   169,090
Finning International, Inc. 3,662   66,922
First Quantum Minerals, Ltd. 8,500   113,155
Fortis, Inc. (L) 3,000   94,274
Franco-Nevada Corp. 2,200   79,590
George Weston, Ltd. 1,064   70,294
Gildan Activewear, Inc. 2,800   72,679
Goldcorp, Inc. 16,028   735,248
Great-West Lifeco, Inc. (L) 5,824   114,546
Husky Energy, Inc. (L) 5,748   124,460
IAMGOLD Corp. 7,200   143,121
IGM Financial, Inc. 2,704   114,931
Imperial Oil, Ltd. 6,427   230,854
Industrial Alliance Insurance and      
Financial Services, Inc. 2,700   79,771
Inmet Mining Corp. 700   29,659

 

190

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Canada (continued)      
Intact Financial Corp. 2,400 $ 131,761
Ivanhoe Mines, Ltd. (I) 6,325   87,218
Kinross Gold Corp. 24,960   370,863
Loblaw Companies, Ltd. 2,763   103,992
Magna International, Inc. 4,514   149,261
Manulife Financial Corp. (L)(O) 37,176   423,591
MEG Energy Corp. (I) 2,500   92,471
Metro, Inc. (L) 2,700   118,059
National Bank of Canada (L) 3,532   235,568
New Gold, Inc (I) 8,300   85,701
Nexen, Inc. 10,936   170,109
Niko Resources, Ltd. 1,200   49,436
Onex Corp. 1,568   48,870
Open Text Corp. 1,300   67,959
Osisko Mining Corp. (I) 6,800   86,111
Pacific Rubiales Energy Corp. 5,600   118,637
Pan American Silver Corp. 2,000   53,879
Pengrowth Energy Trust 6,300   56,934
Penn West Petroleum, Ltd. (L) 9,297   137,960
PetroBakken Energy, Ltd., Class A 1,400   9,018
Petrobank Energy & Resources, Ltd. (I) 2,100   12,725
Potash Corp. of Saskatchewan, Inc. 17,167   745,394
Power Corp. of Canada (L) 7,583   166,220
Power Financial Corp. 5,478   134,140
Precision Drilling Corp. (I) 4,600   38,322
Progress Energy Resources Corp. 1,900   23,372
Research In Motion, Ltd. (I) 10,200   207,913
RioCan Real Estate Investment Trust 2,400   59,548
Ritchie Brothers Auctioneers, Inc. 1,300   26,375
Rogers Communications, Inc., Class B (L) 8,058   275,828
Royal Bank of Canada (L) 27,824   1,276,096
Saputo, Inc. 3,700   145,754
Shaw Communications, Inc., Class B 7,198   146,034
Shoppers Drug Mart Corp. (L) 4,644   181,036
Silver Wheaton Corp. 6,800   200,775
SNC-Lavalin Group, Inc. 3,387   142,313
Sun Life Financial, Inc. (Toronto      
Stock Exchange) (L) 12,048   287,777
Suncor Energy, Inc. 31,814   812,427
Talisman Energy, Inc. 22,474   276,234
Teck Resources, Ltd. 11,547   340,713
TELUS Corp. 1,305   63,949
TELUS Corp., Non-Voting Shares 2,956   137,800
The Toronto-Dominion Bank 17,250   1,227,863
Thomson Corp. 7,366   199,632
Tim Hortons, Inc. 3,600   167,340
TMX Group, Inc. 1,376   53,758
Tourmaline Oil Corp. (I) 2,200   64,705
Trans-Canada Corp. (L) 13,550   550,069
TransAlta Corp. 5,479   119,263
Valeant Pharmaceuticals International, Inc. 3,150   117,415
Vermilion Energy, Inc. 800   33,622
Viterra, Inc. 5,800   57,065
Yamana Gold, Inc. 15,306   210,039
 
      21,583,365
Chile - 0.33%      
Banco Santander Chile SA, ADR (L) 2,180   160,186
Cia Cervecerias Unidas SA, ADR 1,245   64,304
Empresa Nacional de      
Electricidad SA, ADR (L) 4,420   191,563
Enersis SA, ADR 11,983   202,633
Lan Airlines SA, ADR (L) 4,785   98,810
Sociedad Quimica y Minera de      
Chile SA, ADR 2,625   125,501

 

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Chile (continued)      
Vina Concha Y Toro SA, ADR 1,297 $ 47,341
 
      890,338
China - 2.81%      
Agile Property Holdings, Ltd. 37,800   23,829
Air China, Ltd. 62,000   42,680
Alibaba.com, Ltd. 27,900   25,783
Aluminum Corp. of China, Ltd. 104,000   43,506
Angang Steel Company, Ltd., Class H 23,960   12,551
Anhui Conch Cement Company, Ltd. 30,000   81,568
Anta Sports Products, Ltd. 17,000   19,343
Bank of China, Ltd., Class H 1,405,077   428,726
Bank of Communications      
Company, Ltd., Class H 181,780   105,415
BBMG Corp. 22,000   16,259
Beijing Datang Power Generation      
Company, Ltd., Class H 78,000   19,512
BYD Company, Ltd., Class H (I) 13,400   21,961
China BlueChemical, Ltd. 54,000   41,130
China Citic Bank Corp., Ltd. (I) 158,400   63,301
China Coal Energy Company, Ltd., Series H 88,000   76,855
China Communications      
Construction Company, Ltd. 109,535   69,929
China Communications      
Services Corp., Ltd., Class H 36,000   16,250
China Construction Bank Corp. 1,078,346   643,457
China COSCO Holdings Company, Ltd. 64,835   26,023
China International      
Marine Containers Co., Ltd. 5,200   5,196
China Life Insurance Company, Ltd. 167,000   396,845
China Longyuan Power Group Corp. 45,000   36,842
China Merchants Bank Company, Ltd. 86,535   131,048
China Minsheng Banking Corp. Ltd. 101,400   60,840
China National Building      
Material Company, Ltd. 68,000   57,457
China Oilfield Services, Ltd. 32,000   40,069
China Pacific Insurance Group Company, Ltd. 17,300   49,833
China Petroleum & Chemical Corp. 354,000   340,935
China Railway Construction Corp. 41,500   17,391
China Railway Group, Ltd. 104,000   20,511
China Shenhua Energy Company, Ltd. 77,500   303,664
China Shineway Pharmaceutical Group, Ltd. 8,400   10,032
China Shipping Container      
Lines Company, Ltd. (I) 72,650   10,926
China Shipping Development Company, Ltd. 30,000   18,595
China Telecom Corp., Ltd. 304,000   189,312
China Vanke Co., Ltd. 23,800   20,124
China Yurun Food Group, Ltd. 28,600   30,550
China Zhongwang Holdings, Ltd. 32,400   10,821
CNOOC, Ltd. 399,984   640,636
Country Garden Holdings Company 81,973   22,279
CSR Corp., Ltd. 43,000   15,181
Dongfang Electric Corp. Ltd. 8,000   20,596
Dongfeng Motor Group Company, Ltd. 72,000   95,421
ENN Energy Holdings, Ltd. 20,000   65,089
Evertop Wire Cable Corp. 30,000   50,454
Fosun International, Ltd. 30,500   15,304
Foxconn International Holdings, Ltd. (I) 26,000   13,168
Golden Eagle Retail Group, Ltd. 21,000   42,962
Greentown China Holdings, Ltd. 19,000   8,778
Guangzhou Automobile Group Company, Ltd. 57,831   55,657
Guangzhou R&F Properties      
Company, Ltd., Class H 24,800   17,874
Hengan International Group Company, Ltd. 18,000   142,185
Hidili Industry International Development, Ltd. 24,000   6,842

 

191

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
China (continued)      
Huaneng Power International, Inc., Class H 88,000 $ 36,432
Industrial & Commercial Bank of China 1,122,957   542,806
Inner Mongolia Yitai Coal Co. 12,400   61,734
Jiangsu Expressway, Ltd. 32,000   24,460
Lenovo Group, Ltd. 126,000   84,249
Li Ning Company, Ltd. 15,500   15,515
Longfor Properties Company, Ltd. 23,100   22,605
Maanshan Iron & Steel Company, Ltd. 48,000   10,506
Metallurgical Corp. of China, Ltd. 53,000   10,008
Parkson Retail Group, Ltd. 36,500   43,147
PetroChina Company, Ltd., Class H 472,000   570,886
PICC Property & Casualty      
Company, Ltd., Class H 54,000   57,559
Ping An Insurance Group Company 31,000   172,491
Renhe Commercial Holdings Company, Ltd. 160,000   16,413
Semiconductor      
Manufacturing International Corp. (I) 387,000   18,611
Shandong Weigao Group Medical      
Polymer Company, Ltd. 32,000   35,750
Shanghai Electric Group Company, Ltd. 90,000   34,470
Shanghai Lujiazui Finance & Trade      
Zone Development Co., Ltd. 4,200   4,703
Shui On Land, Ltd. 73,153   17,410
Sino-Ocean Land Holdings, Ltd. 87,810   27,954
Sinopec Shanghai Petrochemical      
Company, Ltd., Class H 52,000   18,350
Sinopharm Group Company, Ltd. 12,000   31,325
Sinotruk Hong Kong, Ltd. 18,000   10,186
Soho China, Ltd. 66,000   41,008
Tencent Holdings, Ltd. 22,000   450,177
Tingyi (Cayman Islands) Holding Corp. 44,000   107,056
Tsingtao Brewery Company, Ltd., Series H 8,000   43,231
Want Want China Holdings, Ltd. 61,000   53,990
Weichai Power Company, Ltd. 10,000   45,483
Wumart Stores, Inc. 14,000   27,448
Yangzijiang Shipbuilding Holdings, Ltd. 27,000   17,996
Yanzhou Coal Mining Company, Ltd., Class H 50,000   105,082
Zhejiang Expressway Company, Ltd., Class H 36,000   21,655
Zijin Mining Group Company, Ltd. 161,853   45,490
ZTE Corp., Class H 14,620   40,704
 
      7,608,385
Colombia - 0.20%      
BanColombia SA, ADR (L) 9,325   519,403
Petrominerales, Ltd. 1,289   25,340
 
      544,743
Cyprus - 0.01%      
Bank of Cyprus PCL 14,354   22,323
Czech Republic - 0.09%      
CEZ AS 3,072   118,379
Komercni Banka AS 264   49,211
Telefonica O2 Czech Republic AS 3,005   64,102
 
      231,692
Denmark - 0.71%      
A P Moller Maersk A/S 13   72,955
A P Moller Maersk A/S, Series A 28   164,812
Carlsberg A/S 2,052   121,716
Coloplast A/S 542   78,226
Danske Bank A/S (I) 13,197   184,974
DSV A/S, ADR 3,980   71,740
Novo Nordisk A/S 8,840   878,802
Novozymes A/S, Class B 964   137,136
TDC A/S 7,400   60,376

 

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Denmark (continued)      
TrygVesta A/S 702 $ 36,894
Vestas Wind Systems A/S 5,044   81,790
William Demant Holdings A/S (I) 582   43,679
 
      1,933,100
Egypt - 0.06%      
Commercial International Bank 12,754   49,103
Egypt Kuwait Holding Company 11,363   11,696
Egyptian Company for Mobile Services 336   5,323
Egyptian Financial Group-Hermes Holding (I) 3,297   9,338
Orascom Construction Industries 1,338   48,650
Orascom Telecom Holding SAE (I) 35,950   20,131
Talaat Moustafa Group (I) 15,481   9,603
Telecom Egypt 3,596   8,917
 
      162,761
Finland - 0.64%      
Elisa OYJ, Class A 3,307   67,531
Fortum OYJ 9,708   227,985
Kesko OYJ 1,369   42,074
Kone OYJ 3,476   164,932
Metso OYJ 2,927   85,285
Neste Oil OYJ 5,377   46,524
Nokia OYJ 79,044   447,738
Nokian Renkaat OYJ 1,470   43,827
Orion OYJ, Series B 1,114   22,425
Outokumpu OYJ 4,187   27,436
Pohjola Bank OYJ 1,284   13,495
Rautaruukki OYJ 3,081   30,904
Sampo OYJ 8,903   222,982
Sanoma OYJ (L) 700   8,228
Stora Enso OYJ, Series R (L) 13,947   81,439
UPM-Kymmene OYJ 9,899   111,431
Wartsila OYJ 3,938   93,515
 
      1,737,751
France - 5.67%      
Accor SA 3,247   86,426
Aeroports de Paris 392   29,444
Air France KLM 2,181   15,953
Air Liquide SA 5,519   645,374
Alcatel-Lucent (I) 48,917   139,864
Alstom SA (L) 4,293   142,015
ANF Immobilier 13   533
Arkema 1,111   64,520
Atos Origin SA 897   38,793
AXA SA 34,708   450,653
BNP Paribas 18,692   739,873
Bouygues SA 4,878   161,425
Bureau Veritas SA 1,095   78,749
Cap Gemini SA 2,507   83,546
Carrefour SA 11,056   251,514
Casino Guichard Perrachon SA 765   59,593
Christian Dior SA 1,103   123,394
Cie de Saint-Gobain SA 8,045   307,276
Cie Generale d’Optique      
Essilor International SA 3,846   277,168
Cie Generale de Geophysique-Veritas (I) 2,600   45,655
Cie Generale des Etablissements Michelin 3,769   225,079
CNP Assurances SA 2,692   39,751
Credit Agricole SA (L) 20,273   139,362
Danone SA 11,336   697,631
Dassault Systemes SA 1,174   82,896
Edenred 3,247   77,198
EDF SA 4,490   130,470
Eiffage SA 533   16,433

 

192

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
France (continued)      
Eramet 83 $ 11,475
Eurazeo 436   18,322
Eutelsat Communications 1,283   51,537
Fonciere Des Regions 477   33,275
France Telecom SA 36,008   590,451
GDF Suez 25,004   746,953
Gecina SA 200   17,516
Groupe Eurotunnel SA 9,550   80,800
ICADE 399   31,157
Iliad SA 328   36,706
Imerys SA 374   18,763
JCDecaux SA (I) 1,379   34,206
Klepierre SA 1,807   50,678
L’Oreal SA 4,767   466,459
Lafarge SA 4,232   145,692
Lagardere SCA 1,664   40,823
Legrand SA, ADR 3,960   123,453
LVMH Moet Hennessy Louis Vuitton SA 5,106   677,090
M6-Metropole Television SA 612   9,953
Natixis 16,444   52,049
Neopost SA 415   30,498
Pernod-Ricard SA 3,806   298,422
Peugeot SA 2,679   56,999
PPR 1,585   204,466
Publicis Groupe SA 2,723   114,003
Renault SA 4,056   134,436
Safran SA 2,595   79,717
Sanofi 21,764   1,429,004
Schneider Electric SA 9,490   510,928
SCOR SE 3,147   67,845
Societe BIC SA 290   24,675
Societe Generale 12,253   321,047
Societe Television Francaise 1,243   15,445
Sodexo 1,747   115,116
Suez Environnement SA 6,417   89,438
Technip SA 2,024   161,977
Thales SA 1,269   39,655
Total SA 41,351   1,823,193
Unibail-Rodamco SE 1,762   314,027
Vallourec SA 2,275   130,395
Veolia Environnement SA 7,820   114,207
Vinci SA 8,572   368,078
Vivendi SA 25,030   511,053
 
      15,342,570
Germany - 4.61%      
Adidas AG 4,115   248,284
Allianz SE 8,631   812,184
BASF SE 17,473   1,060,175
Bayer AG 15,727   864,293
Bayerische Motoren Werke (BMW) AG 6,407   424,530
Beiersdorf AG 1,584   84,827
Celesio AG 1,628   21,490
Commerzbank AG (I) 23,457   59,050
Continental AG (I) 1,605   92,232
Daimler AG 17,225   762,969
Deutsche Bank AG 17,669   615,623
Deutsche Boerse AG (I) 3,856   193,632
Deutsche Lufthansa AG 4,195   54,116
Deutsche Post AG 16,761   214,217
Deutsche Telekom AG 53,377   627,887
E.ON AG 34,232   746,563
Fraport AG, ADR 459   26,785
Fresenius Medical Care AG 3,743   253,585
Fresenius SE & Company KGaA 1,988   176,434

 

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Germany (continued)      
GEA Group AG 2,970 $ 69,395
Hannover Rueckversicherung AG 1,132   51,218
HeidelbergCement AG 2,968   107,269
Henkel AG & Company, KGaA 2,630   115,081
Hochtief AG 800   49,719
Infineon Technologies AG 21,217   156,252
K&S AG 3,457   181,763
Kabel Deutschland Holding AG (I) 1,445   77,892
Lanxess AG 1,680   80,757
Linde AG 3,271   436,262
MAN SE 2,077   160,626
Merck KGaA 1,128   92,299
Metro AG 2,502   105,270
Muenchener Rueckversicherungs AG 3,644   451,692
RWE AG 8,451   311,189
Salzgitter AG 698   33,488
SAP AG 17,495   891,812
Siemens AG 15,656   1,414,397
Suedzucker AG 1,402   39,781
ThyssenKrupp AG 6,339   155,590
TUI AG (I) 2,987   15,281
United Internet AG 1,822   30,746
Volkswagen AG 616   76,342
Wacker Chemie AG (L) 304   27,002
 
      12,469,999
Greece - 0.10%      
Alpha Bank AE (I) 9,557   16,975
Coca Cola Hellenic Bottling Company SA (I) 4,700   83,139
EFG Eurobank Ergasias SA (I) 7,016   8,715
Hellenic Telecommunications Organization SA 6,840   29,235
National Bank of Greece SA (I) 17,944   65,608
OPAP SA 4,410   44,745
Public Power Corp. SA 1,780   14,240
 
      262,657
Hong Kong - 2.68%      
AIA Group, Ltd. 157,800   448,637
ASM Pacific Technology, Ltd. 2,086   20,380
Bank of East Asia, Ltd. 35,655   107,730
Beijing Capital International Airport      
Company, Ltd., Class H 60,000   24,144
Beijing Enterprises Holdings, Ltd. 10,000   50,040
Belle International Holdings, Ltd. 95,882   164,073
BOC Hong Kong Holdings, Ltd. 78,500   165,073
Cathay Pacific Airways, Ltd. 14,000   22,683
Chaoda Modern Agriculture Holdings, Ltd. 66,120   8,792
Cheung Kong Holdings, Ltd. 27,151   290,657
Cheung Kong Infrastructure Holdings, Ltd. 9,000   52,525
China Agri-Industries Holdings, Ltd. 44,000   27,015
China Dongxiang Group Company 77,000   13,012
China Everbright, Ltd. 22,000   22,935
China High Speed Transmission Equipment      
Group Company, Ltd. 25,000   11,279
China Mengniu Dairy Company, Ltd. 24,000   71,933
China Merchants Holdings      
International Company, Ltd. 29,470   79,331
China Mobile, Ltd. 135,000   1,317,435
China Overseas Land & Investment, Ltd. 89,360   127,635
China Resource Power Holdings, Ltd. 36,200   54,082
China Resources Enterprises, Ltd. 26,000   85,236
China Resources Land, Ltd. 44,000   46,178
China Taiping Insurance      
Holdings Company, Ltd. (I) 16,000   30,830
China Unicom Hong Kong, Ltd. 130,550   266,903

 

193

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Hong Kong (continued)      
Citic 1616 Holdings, Ltd. 1,050 $ 199
Citic Pacific, Ltd. 24,000   33,204
CLP Holdings, Ltd. 37,111   332,189
COSCO Pacific, Ltd. 25,754   28,537
Esprit Holdings, Ltd. 21,333   26,018
Franshion Properties China, Ltd. 74,000   11,442
Fushan International Energy Group, Ltd. 80,000   26,003
Geely Automobile Holdings Company, Ltd. 75,000   16,160
GOME Electrical Appliances Holdings, Ltd. 169,920   39,094
Guangdong Investment, Ltd. 52,000   32,191
Hang Lung Group, Ltd. 11,000   55,936
Hang Lung Properties, Ltd. 46,000   135,994
Hang Seng Bank, Ltd. 16,400   192,176
Henderson Land Development Company, Ltd. 16,554   73,540
Hong Kong & China Gas Company, Ltd. 100,430   226,885
Hong Kong Exchanges & Clearing, Ltd. 19,983   286,743
Hopewell Holdings, Ltd. 6,638   18,872
Huabao International Holdings, Ltd. 30,000   24,455
Hutchison Whampoa, Ltd. 41,423   306,641
Hysan Development Company, Ltd. 13,537   40,117
Kerry Properties, Ltd. 10,000   31,449
Kingboard Chemical Holdings, Ltd. 16,228   43,660
Kunlun Energy Company, Ltd. 50,000   67,800
Lee & Man Paper Manufacturing, Ltd. 36,000   12,188
Li & Fung, Ltd. 97,658   161,062
Lifestyle International Holdings, Ltd. 4,500   11,234
MTR Corp., Ltd. 33,572   100,688
New World Development Company, Ltd. 59,386   55,858
Nine Dragons Paper Holdings, Ltd. 44,000   21,484
Noble Group, Ltd. 62,892   62,817
NWS Holdings, Ltd. 14,715   19,566
Orient Overseas International, Ltd. 1,938   7,757
PCCW, Ltd. 87,000   32,183
Poly Hong Kong Investment, Ltd. 26,000   7,921
Power Assets Holdings, Ltd. 29,500   225,735
Shanghai Industrial Holdings, Ltd. 14,000   39,076
Shangri-La Asia, Ltd. 17,282   32,518
Shimao Property Holdings, Ltd., GDR 33,500   24,374
Sino Land Company, Ltd. 23,191   30,853
Sino-Forest Corp. (I)(L) 4,600   3,167
Sinofert Holdings, Ltd. 54,000   13,840
Skyworth Digital Holdings, Ltd. 39,196   13,075
Sun Hung Kai Properties, Ltd. 27,550   312,142
Swire Pacific, Ltd. 13,500   139,482
The Link REIT 34,958   110,245
Wharf Holdings, Ltd. 29,000   141,334
Wheelock and Company, Ltd. 17,000   49,697
Wing Hang Bank, Ltd. 3,543   28,722
Yue Yuen Industrial Holdings, Ltd. 8,000   20,496
 
      7,235,357
Hungary - 0.07%      
Magyar Telekom Telecommunications PLC 10,442   23,220
MOL Hungarian Oil and Gas PLC (I) 750   50,553
OTP Bank PLC 4,462   65,711
Richter Gedeon Nyrt 298   40,609
 
      180,093
India - 1.50%      
Dr. Reddy’s Laboratories, Ltd., ADR 2,151   64,100
HDFC Bank, Ltd., ADR 9,800   285,670
ICICI Bank, Ltd., ADR 18,525   643,188
Infosys, Ltd., ADR (L) 24,265   1,239,214
Larsen & Toubro, Ltd., GDR (S) 9,329   258,603
Ranbaxy Laboratories, Ltd., ADR 2,771   29,373

 

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
India (continued)      
Reliance Capital, Ltd., GDR (S) 2,246 $ 14,453
Reliance Communication, Ltd., GDR (S) 31,056   45,497
Reliance Industries, Ltd., GDR (S) 30,655   998,127
Reliance Infrastructure, Ltd., GDR (S) 708   16,196
Satyam Computer Services, Ltd., ADR (I) 7,380   20,147
State Bank of India, GDR 1,411   119,230
Tata Motors, Ltd., ADR (L) 9,689   149,017
Ultratech Cement, Ltd., GDR 274   6,387
Wipro, Ltd., ADR (L) 18,054   167,000
 
      4,056,202
Indonesia - 0.70%      
Adaro Energy Tbk PT 129,500   24,647
Aneka Tambang Tbk PT 142,375   23,804
Astra Agro Lestari Tbk PT 4,842   10,475
Astra International Tbk PT 49,517   349,732
Bank Central Asia Tbk PT 305,726   263,434
Bank Danamon Indonesia Tbk PT 98,924   50,786
Bank Mandiri Tbk PT 210,726   147,160
Bank Rakyat Indonesia Tbk PT 279,998   183,712
Bumi Resources Tbk PT 451,220   98,584
Gudang Garam Tbk PT 13,000   76,190
Indo Tambangraya Megah PT 5,500   23,998
Indocement Tunggal Prakarsa Tbk PT 27,013   42,481
Indofood Sukses Makmur Tbk PT 130,595   73,663
Indosat Tbk PT 23,500   13,825
International Nickel Indonesia Tbk PT 77,500   25,947
Perusahaan Gas Negara Tbk PT 279,515   83,166
Semen Gresik Persero Tbk PT 12,360   11,563
Tambang Batubara Bukit Asam Tbk PT 21,000   39,308
Telekomunikasi Indonesia Tbk PT 173,500   148,851
Unilever Indonesia Tbk PT 43,000   79,772
United Tractors Tbk PT 44,983   109,607
 
      1,880,705
Ireland - 0.46%      
Anglo Irish Bank Corp. PLC (I) 15,416   0
Bank of Ireland (I) 52,722   5,428
C&C Group PLC 224   845
CRH PLC 1,533   23,645
CRH PLC (London Exchange) 15,847   247,282
Elan Corp. PLC (I) 1,399   14,818
Experian PLC 19,396   218,209
James Hardie Industries, Ltd. (I) 7,997   43,620
Kerry Group PLC - London Exchange 3,278   115,030
Ryanair Holdings PLC, ADR (I) 1,203   30,977
Shire PLC 10,795   336,608
WPP PLC 24,062   221,903
 
      1,258,365
Israel - 0.46%      
Bank Hapoalim, Ltd. 25,834   89,688
Bank Leumi Le-Israel, Ltd. 23,381   72,287
Bezek Israeli Telecommunications Corp., Ltd. 32,563   61,047
Cellcom Israel, Ltd. 797   16,277
Delek Group, Ltd. 32   4,887
Elbit Systems, Ltd. 219   8,545
Israel Chemicals, Ltd. 8,453   96,434
Israel Corp., Ltd. 23   14,870
Israel Discount Bank, Ltd. (I) 7,050   10,332
Makhteshim-Agan Industries, Ltd. 9,357   51,176
Mizrahi Tefahot Bank, Ltd. 3,560   29,333
Nice Systems, Ltd. (I) 1,795   53,665
Partner Communications Company, Ltd. 2,436   23,226

 

194

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Israel (continued)      
Teva Pharmaceutical Industries, Ltd. 19,041 $ 705,022
 
      1,236,789
Italy - 1.50%      
A2A SpA 13,168   16,379
Assicurazioni Generali SpA 23,431   370,128
Autogrill SpA 1,731   17,397
Autostrade SpA 6,436   92,304
Banca Carige SpA 7,526   14,582
Banca Intesa SpA 17,851   22,871
Banca Monte dei Paschi di Siena SpA 68,923   38,352
Banche Popolari Unite SpA 15,304   56,509
Banco Popolare Societa Cooperativa 26,928   44,347
BGP Holdings PLC (I) 130,653   0
Enel SpA 137,230   607,155
Eni SpA 48,223   847,299
Exor SpA 1,040   20,293
Fiat Industrial SpA (I) 16,787   125,170
Fiat SpA 16,787   90,726
Finmeccanica SpA 7,373   50,892
Intesa Sanpaolo SpA 213,346   333,356
Luxottica Group SpA 2,012   50,971
Mediaset SpA 20,023   62,865
Mediobanca SpA 8,503   66,967
Mondadori (Arnoldo) Editore SpA 29   61
Pirelli & Company SpA 3,714   26,356
Prelios SpA (I) 3,714   1,031
Prysmian SpA 2,628   34,470
Saipem SpA 5,545   194,424
Snam Rete Gas SpA 31,977   147,610
Telecom Italia SpA 199,367   216,483
Telecom Italia SpA, RSP 125,634   122,057
Terna Rete Elettrica Nazionale SpA 22,829   84,682
UniCredit SpA 284,712   302,983
 
      4,058,720
Japan - 14.61%      
Advantest Corp. 2,820   30,406
AEON Company, Ltd. 11,196   151,131
AEON Credit Service Company, Ltd. 2,023   31,031
Aeon Mall Company, Ltd. 1,300   29,558
Air Water, Inc. 2,000   24,682
Aisin Seiki Company, Ltd. 4,421   146,879
Ajinomoto Company, Inc. 14,695   173,789
Alfresa Holdings Corp. 600   25,109
All Nippon Airways Company, Ltd. 8,285   25,892
Amada Company, Ltd. 4,171   27,175
Aozora Bank, Ltd. 10,000   22,921
Asahi Breweries, Ltd. 8,699   184,215
Asahi Glass Company, Ltd. 20,809   202,886
Asahi Kasei Corp. 28,037   168,274
Astellas Pharma, Inc. 9,305   351,035
Bank of Kyoto, Ltd. 6,000   53,366
Benesse Holdings, Inc. 1,046   46,081
Bridgestone Corp. 12,747   289,031
Brother Industries, Ltd. 4,300   50,400
Canon, Inc. 21,426   969,999
Casio Computer Company, Ltd. 2,767   17,518
Central Japan Railway Company, Ltd. 32   278,818
Chiba Bank, Ltd. 15,104   104,519
Chubu Electric Power Company, Inc. 13,523   254,290
Chugai Pharmaceutical Company, Ltd. 3,984   67,511
Chugoku Bank, Ltd. 3,000   44,168
Chugoku Electric Power Company, Inc. 6,400   112,779
Chuo Mitsui Trust Holdings, Inc. 59,990   198,315

 

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Japan (continued)      
Citizen Watch Company, Ltd. 2,965 $ 14,776
Cosmo Oil Company, Ltd. 10,000   24,799
Credit Saison Company, Ltd. 1,809   34,813
Dai Nippon Printing Company, Ltd. 11,047   114,247
Daicel Chemical Industries, Ltd. 6,000   34,100
Daido Steel Company, Ltd. 3,000   17,853
Daihatsu Motor Company, Ltd. 4,000   72,309
Daiichi Sankyo Company, Ltd. 14,328   298,338
Daikin Industries, Ltd. 5,185   148,324
Dainippon Sumitomo Pharma Company, Ltd. 3,500   38,515
Daito Trust Construction Company, Ltd. 1,581   144,969
Daiwa House Industry Company, Ltd. 10,285   132,369
Daiwa Securities Group, Inc. 33,649   125,556
Dena Company, Ltd. 1,500   62,753
Denki Kagaku Kogyo Kabushiki Kaisha 7,523   28,608
Denso Corp. 9,378   300,582
Dentsu, Inc. 4,200   132,830
East Japan Railway Company 6,600   400,749
Eisai Company, Ltd. 5,548   223,603
Electric Power Development Company, Ltd. 2,400   70,723
Elpida Memory, Inc. (I) 3,300   20,657
FamilyMart Company, Ltd. 740   28,266
FANUC Corp. 3,621   498,535
Fast Retailing Company, Ltd. 1,034   185,152
Fuji Electric Company, Ltd. 3,580   9,243
Fuji Heavy Industries, Ltd. 14,000   81,781
FUJIFILM Holdings Corp. 9,233   214,301
Fujitsu, Ltd. 35,379   166,666
Fukuoka Financial Group, Inc. 13,000   54,409
Furukawa Electric Company, Ltd. 9,000   24,457
GS Yuasa Corp. 4,000   18,673
Gunma Bank 7,523   41,887
Hino Motors, Ltd. 1,114   6,621
Hirose Electric Company, Ltd. 717   66,630
Hisamitsu Pharmaceutical Company, Inc. 1,200   57,627
Hitachi Chemical, Ltd. 1,316   21,622
Hitachi Construction      
Machinery Company, Ltd. 2,157   36,040
Hitachi High-Technologies Corp. 1,700   34,020
Hitachi Metals, Ltd. 2,000   22,937
Hitachi, Ltd. 88,882   442,075
Hokkaido Electric Power Company, Inc. 2,332   34,333
Hokuhoku Financial Group, Inc. 12,866   28,036
Hokuriku Electric Power Company 2,700   50,014
Honda Motor Company, Ltd. 30,838   904,170
Hoya Corp. 9,008   207,595
Ibiden Company, Ltd. 1,800   37,805
Idemitsu Kosan Company, Ltd. 300   26,896
Inpex Corp. 43   264,983
Isetan Mitsukoshi Holdings, Ltd. 6,276   63,336
Ishikawajima-Harima Heavy      
Industries Company, Ltd. 15,866   35,014
Isuzu Motors, Ltd. 22,000   94,196
ITOCHU Corp. 31,798   303,706
Itochu Techno-Science Corp. 252   11,339
Iyo Bank, Ltd. 5,000   50,931
J Front Retailing Company, Ltd. 9,000   42,756
Japan Real Estate Investment Corp. 7   68,284
Japan Retail Fund Investment Corp. 16   25,756
Japan Tobacco, Inc. 87   405,897
JFE Holdings, Inc. 9,938   200,408
JGC Corp. 3,114   76,463
Joyo Bank, Ltd. 9,047   42,051
JS Group Corp. 5,784   162,013
JSR Corp. 2,867   49,282

 

195

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Japan (continued)      
Jupiter Telecommunications Company, Ltd. 20 $ 21,504
JX Holdings, Inc. 43,000   241,342
Kajima Corp. 14,809   48,725
Kamigumi Company, Ltd. 3,466   30,990
Kaneka Corp. 6,000   33,850
Kansai Electric Power Company, Ltd. 15,922   273,795
Kansai Paint Company, Ltd. 2,762   26,446
Kao Corp. 10,338   287,567
Kawasaki Heavy Industries, Ltd. 21,037   53,542
Kawasaki Kisen Kaisha, Ltd. 9,933   20,635
KDDI Corp. 57   391,481
Keihin Electric Express      
Railway Company, Ltd. 8,933   82,438
Keio Corp. 8,285   59,233
Keisei Electric Railway Company, Ltd. 3,000   20,357
Keyence Corp. 752   205,901
Kikkoman Corp. 1,762   20,114
Kintetsu Corp. (L) 30,208   113,684
Kirin Holdings Company, Ltd. 16,104   210,237
Kobe Steel, Ltd. 56,483   94,583
Koito Manufacturing Company, Ltd. 2,000   31,490
Komatsu, Ltd. 19,170   413,961
Konami Corp. 557   18,701
Konica Minolta Holdings, Inc. 10,109   69,253
Koyo Seiko Company, Ltd. 2,457   29,343
Kubota Corp. 22,218   177,526
Kuraray Company, Ltd. 6,200   84,524
Kurita Water Industries, Ltd. 1,981   55,411
Kyocera Corp. 2,962   247,432
Kyowa Hakko Kogyo Company, Ltd. 4,862   54,135
Kyushu Electric Power Company, Inc. 8,469   136,457
Lawson, Inc. 869   49,116
Mabuchi Motor Company, Ltd. 282   13,032
Makita Corp. 1,557   55,458
Marubeni Corp. 34,798   194,596
Marui Company, Ltd. 2,436   18,305
Matsushita Electric Industrial Company, Ltd. 42,307   408,904
Mazda Motor Corp. (I)(L) 31,000   62,407
McDonald’s Holdings Company, Ltd. 1,100   29,234
Mediceo Holdings Company, Ltd. 2,900   29,306
MEIJI Holdings Company, Ltd. 1,200   56,840
Minebea Company, Ltd. 5,523   18,535
Mitsubishi Chemical Holdings Corp. 25,500   172,533
Mitsubishi Corp. 26,744   544,633
Mitsubishi Electric Corp. 36,027   319,070
Mitsubishi Estate Company, Ltd. 25,218   408,132
Mitsubishi Gas & Chemicals Company, Inc. 7,000   43,035
Mitsubishi Heavy Industries, Ltd. 59,063   248,372
Mitsubishi Materials Corp. 13,980   34,033
Mitsubishi Motors Corp. (I) 90,000   118,890
Mitsubishi Tanabe Pharma Corp. 3,000   55,613
Mitsubishi UFJ Financial Group 240,800   1,082,292
Mitsubishi UFJ Lease &      
Finance Company, Ltd. 660   26,361
Mitsui & Company, Ltd. 34,189   494,853
Mitsui Chemicals, Inc. 6,990   23,291
Mitsui Engineering &      
Shipbuilding Company, Ltd. 8,638   14,472
Mitsui Fudosan Company, Ltd. 17,752   280,964
Mitsui O.S.K. Lines, Ltd. 25,513   97,780
Mizuho Financial Group, Inc. 444,800   642,442
MS&AD Insurance Group Holdings 10,400   225,407
Murata Manufacturing Company, Ltd. 4,296   231,786
Namco Bandai Holdings, Inc. 3,367   45,487
NEC Corp. (I) 61,617   125,168

 

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Japan (continued)      
NGK INSULATORS, Ltd. 4,171 $ 62,814
NGK Spark Plug Company, Ltd. 1,762   23,855
NHK Spring Company, Ltd. 1,000   8,821
Nidec Corp. 2,286   183,895
Nikon Corp. 7,219   169,630
Nintendo Company, Ltd. 2,092   304,717
Nippon Building Fund, Inc. 13   134,376
Nippon Electric Glass Company, Ltd. 6,000   54,361
Nippon Express Company, Ltd. 11,809   50,296
Nippon Meat Packers, Inc. 2,000   25,979
Nippon Paper Group, Inc. 1,500   39,882
Nippon Sheet Glass Company, Ltd. 8,171   18,250
Nippon Steel Corp. 107,536   307,813
Nippon Telegraph & Telephone Corp. 9,500   456,577
Nippon Yusen Kabushiki Kaisha 25,923   69,982
Nishi-Nippon City Bank, Ltd. 4,000   12,287
Nissan Motor Company, Ltd. 48,690   430,286
Nisshin Seifun Group, Inc. 1,614   21,057
Nisshin Steel Company 7,047   12,592
Nissin Food Products Company, Ltd. 916   36,907
Nitori Holdings Company, Ltd. 468   47,085
Nitto Denko Corp. 3,532   139,137
NKSJ Holdings, Inc. 7,500   165,688
NOK Corp. 1,492   26,828
Nomura Holdings, Inc. 70,907   258,379
Nomura Real Estate Holdings, Inc. 2,300   34,688
Nomura Real Estate Office Fund, Inc. 2   12,188
Nomura Research Institute, Ltd. 1,311   29,800
NSK, Ltd. 6,000   44,039
NTN Corp. 4,228   19,820
NTT Data Corp. 31   95,644
NTT DoCoMo, Inc. 301   548,693
Obayashi Corp. 15,638   77,505
Odakyu Electric Railway Company, Ltd. 14,695   139,634
Oji Paper Company, Ltd. 21,809   119,714
Olympus Corp. 4,866   150,208
Omron Corp. 3,261   63,871
Ono Pharmaceutical Company, Ltd. 1,200   71,457
Oracle Corp. 752   26,451
Oriental Land Company, Ltd. 793   84,622
ORIX Corp. 2,186   170,355
Osaka Gas Company, Ltd. 43,845   182,251
Otsuka Corp. 100   6,885
Otsuka Holdings Company, Ltd. 4,600   125,801
Rakuten, Inc. 165   192,682
Resona Holdings, Inc. 35,000   165,714
Ricoh Company, Ltd. 12,399   103,730
Rinnai Corp. 652   54,497
Rohm Company, Ltd. 1,827   94,957
Sankyo Company, Ltd. 793   42,781
Santen Pharmaceutical Company, Ltd. 1,200   50,151
SBI Holdings, Inc. 304   26,260
Secom Company, Ltd. 4,590   220,681
SEGA SAMMY HOLDINGS, INC. 3,492   81,560
Seiko Epson Corp. 2,700   34,216
Sekisui Chemical Company, Ltd. 5,228   43,879
Sekisui House, Ltd. 10,638   100,264
Seven & I Holdings Company, Ltd. 14,481   406,511
Sharp Corp. 21,218   178,147
Shikoku Electric Power Company, Inc. 2,700   74,267
Shimadzu Corp. 5,000   42,114
Shimamura Company, Ltd. 276   28,926
Shimano, Inc. 1,069   56,531
Shimizu Corp. 7,695   33,915
Shin-Etsu Chemical Company, Ltd. 7,911   387,882

 

196

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Japan (continued)      
Shinsei Bank, Ltd. 9,094 $ 10,211
Shionogi & Company, Ltd. 6,823   100,980
Shiseido Company, Ltd. 7,223   139,892
Shizuoka Bank, Ltd. 11,342   118,677
Showa Denko KK 23,000   45,285
Showa Shell Sekiyu KK 3,800   27,075
SMC Corp. 1,164   169,974
Softbank Corp. 16,888   494,361
Sojitz Corp. 15,191   27,758
Sony Corp. 20,042   384,632
Sony Financial Holdings, Inc. 2,200   33,270
Square Enix Company, Ltd. 600   10,783
Stanley Electric Company, Ltd. 1,808   27,310
Sumco Corp. (I) 2,300   21,493
Sumitomo Chemical Company, Ltd. 35,446   136,329
Sumitomo Corp. 23,466   290,143
Sumitomo Electric Industries, Ltd. 16,599   194,227
Sumitomo Heavy Industries, Ltd. 8,000   41,025
Sumitomo Metal Industries, Ltd. 73,577   152,367
Sumitomo Metal Mining Company, Ltd. 11,285   149,583
Sumitomo Mitsui Financial Group 25,400   716,841
Sumitomo Realty &      
Development Company, Ltd. 6,876   132,127
Sumitomo Rubber Industries, Inc. 3,400   43,500
Suruga Bank, Ltd. 2,114   20,555
Suzuken Company, Ltd. 1,223   32,826
Suzuki Motor Corp. 6,300   138,585
Sysmex Corp. 1,000   35,920
T&D Holdings, Inc. 11,982   112,773
Taisei Corp. 16,866   46,519
Taisho Pharmaceuticals Company, Ltd. 1,762   43,268
Taiyo Nippon Sanso Corp. 3,819   26,538
Takashimaya Company, Ltd. 6,000   43,646
Takeda Pharmaceutical Company, Ltd. 15,049   714,525
TDK Corp. 2,468   85,886
Teijin, Ltd. 12,104   43,404
Terumo Corp. 3,203   166,592
The 77th Bank, Ltd. 6,523   29,441
The Bank of Yokohama, Ltd. 27,684   138,694
The Dai-ichi Life Insurance Company, Ltd. 173   178,735
The Hachijuni Bank, Ltd. 6,000   36,732
The Hiroshima Bank, Ltd. 8,000   39,548
The Japan Steel Works, Ltd. 5,000   29,805
The Tokyo Electric Power Company, Inc. (I) 26,867   82,436
THK Company, Ltd. 1,481   24,708
Tobu Railway Company, Ltd. 11,752   55,373
Toho Company, Ltd. 2,300   40,168
Toho Gas Company, Ltd. 6,000   39,390
Tohoku Electric Power Company, Inc. 9,480   131,233
Tokio Marine Holdings, Inc. 13,600   344,740
Tokyo Electron, Ltd. 3,532   159,996
Tokyo Gas Company, Ltd. 50,835   236,791
Tokyu Corp. 20,866   104,760
Tokyu Land Corp. 5,171   18,570
TonenGeneral Sekiyu KK 4,171   47,835
Toppan Printing Company, Ltd. 13,990   101,934
Toray Industries, Inc. 29,389   205,954
Toshiba Corp. 78,711   320,962
Toto, Ltd. 3,171   28,013
Toyo Seikan Kaisha, Ltd. 2,009   30,426
Toyo Suisan Kaisha, Ltd. 705   19,319
Toyoda Gosei Company, Ltd. 1,300   24,601
Toyota Boshoku Corp. 1,400   20,029
Toyota Industries Corp. 3,290   95,693
Toyota Motor Corp. 52,247   1,786,034

 

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Japan (continued)      
Toyota Tsusho Corp. 3,500 $ 59,804
Trend Micro, Inc. 1,733   54,093
Tsumura & Company, Ltd. 1,200   38,242
Ube Industries, Ltd. 18,037   59,804
Unicharm Corp. 2,058   98,781
Ushio, Inc. 2,257   34,284
USS Company, Ltd. 550   46,783
West Japan Railway Company, Ltd. 3,800   162,961
Yahoo! Japan Corp. 332   103,146
Yakult Honsha Company, Ltd. 1,300   40,445
Yamada Denki Company, Ltd. 1,676   117,014
Yamaguchi Financial Group, Inc. 3,000   30,255
Yamaha Corp. 1,926   20,788
Yamaha Motor Company, Ltd. 6,591   86,321
Yamato Transport Company, Ltd. 9,080   165,258
Yamazaki Baking Company, Ltd. 1,409   21,390
Yaskawa Electric Corp. 5,000   37,715
Yokogawa Electric Corp. (I) 4,600   43,353
 
      39,500,483
Jersey, C.I. - 0.07%      
Randgold Resources, Ltd. 1,888   183,742
Luxembourg - 0.26%      
APERAM 894   12,926
ArcelorMittal 16,537   264,113
Millicom International Cellular SA 1,329   133,097
Reinet Investments SCA (I) 1,493   23,327
SES SA 5,667   137,604
Tenaris SA 9,937   126,233
 
      697,300
Macau - 0.06%      
Sands China, Ltd. (I) 37,200   85,559
Wynn Macau, Ltd. 34,972   80,365
 
      165,924
Malaysia - 0.74%      
Alliance Financial Group BHD 9,600   9,820
AMMB Holdings BHD 42,662   75,971
Asiatic Development BHD 10,500   22,835
Axiata Group BHD 57,100   81,611
Berjaya Corp. BHD (Kuala Lumpur Exchange) 35,800   11,210
Berjaya Sports Toto BHD 5,742   7,607
British American Tobacco Malaysia BHD 2,000   27,923
Bursa Malaysia BHD 6,400   12,171
CIMB Group Holdings BHD 82,500   178,932
DiGi.Com BHD 9,000   85,578
Gamuda BHD 39,100   34,922
Genting BHD 44,300   125,386
Hong Leong Bank BHD 12,100   38,492
Hong Leong Credit BHD 8,300   28,188
IJM Corp. BHD 16,720   25,364
IOI Corp. BHD 83,169   120,150
Kuala Lumpur Kepong BHD 12,100   78,929
Lafarge Malayan Cement BHD 4,470   9,140
Malayan Banking BHD 83,509   205,641
Maxis BHD 35,100   58,048
MISC BHD 32,040   58,555
MMC Corp. BHD 1,400   1,123
Parkson Holdings BHD 10,098   17,858
Petronas Dagangan BHD 1,400   6,978
Petronas Gas BHD 12,000   48,584
PLUS Expressways BHD 18,900   25,495
PPB Group BHD 12,900   66,839
Public Bank BHD 24,000   92,510

 

197

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Malaysia (continued)      
Resorts World BHD 53,400 $ 58,046
RHB Capital BHD 2,655   5,794
Sime Darby BHD 66,746   173,644
SP Setia BHD 7,950   9,628
Telekom Malaysia BHD 17,100   21,550
Tenaga Nasional BHD 56,125   90,427
UMW Holdings BHD 21,400   45,303
YTL Corp. BHD 95,980   39,620
YTL Power International BHD 20,937   11,078
 
      2,010,950
Mexico - 1.07%      
Alfa SAB de CV 5,602   57,561
America Movil SAB de CV, Series L 827,944   914,004
Cemex SAB de CV (I) 203,060   64,571
Coca-Cola Femsa SAB de CV, Series L 6,253   55,458
Fomento Economico Mexicano SA de CV 45,655   296,280
Fresnillo PLC 2,849   70,105
Grupo Aeroportuario del Pacifico SA      
de CV, Series B 9,900   33,158
Grupo Bimbo SA de CV 26,232   48,422
Grupo Carso SAB de CV 11,593   26,917
Grupo Elektra SA de CV 1,900   144,541
Grupo Financiero Banorte SAB de CV 28,753   84,983
Grupo Financiero Inbursa SA 29,556   49,422
Grupo Mexico SAB de CV, Series B 80,421   190,202
Grupo Modelo SA 13,617   76,959
Grupo Televisa SA 49,383   181,139
Industrias Penoles SAB de CV 1,998   73,370
Kimberly-Clark de Mexico SAB de CV 10,300   52,546
Mexichem SAB de CV 13,992   42,071
Minera Frisco SAB de CV, Class A1 (I) 11,593   39,539
Telefonos de Mexico SA de CV 124,866   93,547
Urbi Desarrollos Urbanos SAB de CV (I) 11,100   14,959
Wal-Mart de Mexico SAB de CV 125,258   287,213
 
      2,896,967
Netherlands - 3.22%      
Aegon NV (I) 37,270   150,254
Akzo Nobel NV 4,575   202,251
ASML Holding NV 8,577   298,035
Corio NV 1,781   81,961
Delta Lloyd NV 1,912   30,200
European Aeronautic Defence &      
Space Company 8,462   237,406
Fugro NV 1,292   65,420
Heineken Holding NV 2,014   77,689
Heineken NV 5,788   258,663
ING Groep NV (I) 74,338   523,192
Koninklijke (Royal) KPN NV 33,187   436,892
Koninklijke Ahold NV 25,681   301,962
Koninklijke Boskalis Westinster NV 2,338   71,927
Koninklijke DSM NV 2,929   127,342
Koninklijke Philips Electronics NV 19,005   340,203
Koninklijke Vopak NV 1,380   66,114
PostNL NV 9,786   42,853
QIAGEN NV (I) 4,911   67,820
Randstad Holdings NV 2,339   74,614
Reed Elsevier NV 13,395   146,478
Royal Dutch Shell PLC (London      
Stock Exchange) 71,980   2,232,483
Royal Dutch Shell PLC, B Shares 52,676   1,636,105
SBM Offshore NV 3,478   60,313
TNT Express NV 9,300   64,169
Unilever NV 31,746   1,005,523

 

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Netherlands (continued)      
Wolters Kluwer NV 7,551 $ 122,281
 
      8,722,150
New Zealand - 0.11%      
Auckland International Airport, Ltd. 74,127   128,773
Contact Energy, Ltd. (I) 3,521   14,547
Fletcher Building, Ltd. (New      
Zealand Exchange) 14,468   84,064
Sky City Entertainment Group, Ltd. 26,243   66,060
 
      293,444
Norway - 0.55%      
Aker Solutions ASA 3,694   35,444
DnB NOR ASA 20,287   202,530
Kvaerner ASA (I) 3,694   4,825
Norsk Hydro ASA (L) 20,407   92,716
Orkla ASA 17,208   130,925
Renewable Energy Corp. ASA (I)(L) 12,490   10,953
Statoil ASA 26,708   570,665
Telenor ASA 18,009   277,622
Yara International ASA 4,291   163,640
 
      1,489,320
Peru - 0.15%      
Compania de Minas Buenaventura SA 2,698   101,655
Compania de Minas Buenaventura SA, ADR 2,231   84,198
Credicorp SA 1,295   119,788
Credicorp, Ltd., ADR 76   7,007
Southern Peru Copper Corp. 4,256   106,230
 
      418,878
Philippines - 0.15%      
Ayala Corp. 4,333   28,550
Ayala Land, Inc. 90,600   29,975
Banco de Oro Unibank, Inc. 12,831   14,852
Bank of the Philippine Islands 64,668   82,104
Energy Development Corp. 36,498   4,691
Filinvest Land, Inc. 112,500   2,801
Globe Telecommunications, Inc. 140   2,828
Jollibee Foods Corp. 8,000   15,383
Manila Electric Company 13,252   70,001
Metropolitan Bank & Trust Company 13,697   20,454
Philippine Long Distance Telephone Company 1,220   60,905
SM Investments Corp. 3,768   44,736
SM Prime Holdings, Ltd. 56,916   15,824
 
      393,104
Poland - 0.29%      
Asseco Poland SA 710   8,602
Bank Handlowy w Warszawie SA 731   15,247
Bank Millennium SA 8,840   12,017
Bank Pekao SA 2,951   117,772
BRE Bank SA (I) 413   29,594
Cyfrowy Polsat SA (I) 3,617   16,231
Firma Oponiarska Debica SA 118   1,942
Getin Holding SA (I) 10,012   21,751
Globe Trade Centre SA (I) 1,844   6,485
Grupa Lotos SA (I) 517   3,875
KGHM Polska Miedz SA 2,775   108,972
Polish Oil & Gas Company 41,082   50,030
Polska Grupa Energetyczna SA 7,645   44,534
Polski Koncern Naftowy Orlen SA (I) 8,548   93,460
Powszechna Kasa Oszczednosci      
Bank Polski SA 15,367   150,556
Telekomunikacja Polska SA 17,687   92,139

 

198

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
Poland (continued)      
TVN SA 1,422 $ 6,109
 
 
      779,316
Portugal - 0.16%      
Banco Comercial Portugues SA (I)(L) 31,455   8,161
Banco Espirito Santo SA 10,883   28,817
Cimpor-Cimentos de Portugal SA 5,397   36,162
Electricidade de Portugal SA 46,778   143,671
Galp Energia SGPS SA 3,842   70,014
Jeronimo Martins SGPS SA 2,898   45,156
Portugal Telecom SGPS SA 15,439   112,578
 
      444,559
Russia - 1.47%      
Federal Grid Company Unified Energy System      
JSC, GDR (S) 1,087   3,533
Gazprom OAO, ADR 146,912   1,403,010
Lukoil OAO, ADR 14,541   729,813
Mechel, ADR 2,833   28,868
MMC Norilsk Nickel OJSC, ADR (L) 19,000   412,870
Mobile TeleSystems, ADR 10,817   133,049
NovaTek OAO, ADR 1,917   218,485
Novolipetsk Steel OJSC, ADR 1,448   29,655
Pharmstandard - Reg S GDR (I) 1,320   25,225
Rosneft Oil Company, GDR 38,621   225,001
Sberbank Of Russia, ADR (I) 34,900   306,864
Severstal, ADR 4,250   44,795
Sistema JSFC - Reg S GDR 1,756   24,317
Surgutneftegaz, ADR 13,350   106,133
Surgutneftegaz, ADR, Class B 17,404   76,230
Tatneft, ADR 4,533   112,600
VTB Bank OJSC, GDR 21,911   90,036
 
      3,970,484
Singapore - 1.14%      
Ascendas Real Estate Investment Trust 21,469   33,157
Capitaland, Ltd. 52,412   97,706
CapitaMall Trust 59,850   83,110
CapitaMalls Asia, Ltd. 31,000   28,304
City Developments, Ltd. 10,285   74,659
ComfortDelGro Corp., Ltd. 41,731   41,489
Cosco Corp. Singapore, Ltd. 33,000   22,683
DBS Group Holdings, Ltd. 34,380   308,209
Fraser and Neave, Ltd. 20,900   91,481
Genting Singapore PLC (I) 99,800   115,979
Golden Agri-Resources, Ltd. 142,858   65,610
Hutchison Port Holdings Trust 105,300   69,665
Jardine Cycle and Carriage, Ltd. 2,623   83,265
Keppel Corp., Ltd. 27,478   160,953
Keppel Land, Ltd. 16,705   32,638
Neptune Orient Lines, Ltd. 28,616   23,543
Olam International, Ltd. 36,023   61,415
Oversea-Chinese Banking Corp., Ltd. 47,756   293,882
SembCorp Industries, Ltd. 20,604   53,168
SembCorp Marine, Ltd. 23,293   56,977
Singapore Airlines, Ltd. 13,260   114,730
Singapore Exchange, Ltd. 20,399   102,337
Singapore Press Holdings, Ltd. 29,441   84,141
Singapore Technologies Engineering, Ltd. 33,798   71,643
Singapore Telecommunications, Ltd. 153,410   370,394
StarHub, Ltd. 21,000   45,695
United Overseas Bank, Ltd. 24,683   317,709
UOL Group, Ltd. 16,531   52,072
Wilmar International, Ltd. 32,000   126,935
 
      3,083,549

 

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
South Africa - 1.84%      
ABSA Group, Ltd. 5,765 $ 95,636
African Bank Investments, Ltd. 13,371   54,361
African Rainbow Minerals, Ltd. 3,461   73,841
Anglo Platinum, Ltd. 1,472   100,606
AngloGold Ashanti, Ltd. 7,283   302,110
Aspen Pharmacare Holdings, Ltd. (I) 4,390   49,519
Aveng, Ltd. 9,037   38,501
Bidvest Group, Ltd. 7,302   134,572
Discovery Holdings, Ltd., ADR 6,145   30,090
FirstRand, Ltd. 58,792   141,980
Gold Fields, Ltd. 16,520   253,974
Growthpoint Properties, Ltd. 29,612   64,995
Harmony Gold Mining Company, Ltd. 9,268   108,830
Impala Platinum Holdings, Ltd. 11,591   234,956
Imperial Holdings, Ltd. 3,486   45,317
Investec, Ltd. 4,332   23,591
Kumba Iron Ore, Ltd. 1,477   77,808
Kumba Resources, Ltd. 2,723   57,113
Liberty Holdings, Ltd. 1,116   11,019
Massmart Holdings, Ltd. 2,574   44,049
Mittal Steel South Africa, Ltd. 2,574   18,818
MMI Holdings, Ltd. 9,922   20,852
MTN Group, Ltd. 34,339   561,816
Naspers, Ltd., ADR 8,295   359,065
Nedbank Group, Ltd. 5,487   92,742
Netcare, Ltd. 24,570   39,665
Northam Platinum, Ltd. 3,938   16,031
Pick’n Pay Stores, Ltd. 4,153   18,725
Pretoria Portland Cement Company, Ltd. 18,222   52,100
Redefine Income Fund, Ltd. 45,895   45,249
Remgro, Ltd. 9,871   135,142
Reunert, Ltd. 1,838   13,331
RMB Holdings, Ltd. 17,617   55,082
RMI Holdings 17,617   27,270
Sanlam, Ltd. 46,062   153,580
Sappi, Ltd. (I) 18,486   54,489
Sasol, Ltd. 12,571   513,771
Shoprite Holdings, Ltd. 10,318   144,467
Standard Bank Group, Ltd. 25,389   290,962
Steinhoff International Holdings, Ltd. (I) 22,337   61,893
Telkom SA, Ltd. 5,430   21,489
The Foschini Group, Ltd. 3,226   33,790
Tiger Brands, Ltd. 3,083   79,912
Trans Hex Group, Ltd. (I) 577   232
Truworths International, Ltd. 10,550   91,678
Vodacom Group, Ltd. 6,961   77,650
Woolworths Holdings, Ltd. 14,552   62,783
 
      4,985,452
South Korea - 3.26%      
Amorepacific Corp. 73   72,662
Asiana Airlines, Inc. (I) 566   3,648
BS Financial Group, Inc. (I) 4,805   52,603
Celltrion, Inc. 1,540   56,607
Cheil Industries, Inc. 1,080   74,815
CJ CheilJedang Corp. 135   33,029
Daelim Industrial Company, Ltd. 470   37,610
Daewoo Engineering &      
Construction Company, Ltd. (I) 3,921   29,703
Daewoo International Corp. 677   16,642
Daewoo Securities Company, Ltd. 3,500   30,295
Daewoo Shipbuilding & Marine      
Engineering Company, Ltd. 2,200   41,142
DGB Financial Group, Inc. (I) 2,820   32,704
Dongbu Insurance Company, Ltd. 960   40,430

 

199

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)      
Dongkuk Steel Mill Company, Ltd. 1,370 $ 25,592
Doosan Corp. 360   40,698
Doosan Heavy Industries and      
Construction Company, Ltd. 690   32,240
Doosan Infracore Company, Ltd. (I) 1,290   19,378
E-Mart Company, Ltd. (I) 524   131,065
GS Engineering & Construction Corp. 713   57,954
GS Holdings Corp. 1,190   56,747
Hana Financial Group, Inc. 3,640   105,782
Hanjin Heavy Industries &      
Construction Company, Ltd. (I) 257   3,599
Hanjin Shipping Company, Ltd. 227   1,958
Hanjin Shipping Holdings Company, Ltd. 357   2,202
Hankook Tire Company, Ltd. 1,700   57,152
Hanwha Chemical Corp. 892   19,037
Hanwha Corp. 1,010   28,294
Hite Holdings Company, Ltd. 206   1,737
Honam Petrochemical Corp. 340   82,089
Hynix Semiconductor, Inc. 11,220   197,383
Hyosung Corp. 550   25,318
Hyundai Department Store Company, Ltd. 420   57,807
Hyundai Development Company 790   11,025
Hyundai Engineering &      
Construction Company, Ltd. 1,090   55,335
Hyundai Glovis Company, Ltd. 300   44,361
Hyundai Heavy Industries Company, Ltd. 780   180,804
Hyundai Mipo Dockyard Company, Ltd. 270   23,281
Hyundai Mobis 1,396   396,468
Hyundai Motor Company, Ltd. 3,163   554,835
Hyundai Securities Company, Ltd. 2,644   20,842
Hyundai Steel Company 1,122   81,942
Industrial Bank of Korea 4,670   52,516
Kangwon Land, Inc. 2,090   47,225
KB Financial Group, Inc. 6,710   219,146
KB Financial Group, Inc., ADR 206   6,749
KCC Corp. 100   18,655
Kia Motors Corp. 5,220   312,016
Korea Electric Power Corp. (I) 5,980   105,380
Korea Electric Power Corp., ADR (I) 744   6,324
Korea Exchange Bank 4,900   28,767
Korea Gas Corp. 830   21,295
Korea Investment Holdings Company, Ltd. 1,090   31,325
Korea Kumho Petrochemical Company, Ltd. 204   31,372
Korea Life Insurance Company Ltd. 4,330   19,774
Korea Line Corp. (I) 302   2,235
Korea Zinc Company, Ltd. 200   48,966
Korean Air Lines Company, Ltd. 807   29,794
Korean Reinsurance Company, Ltd. 24   276
KT Corp. 1,277   38,129
KT Corp., ADR 266   3,931
KT&G Corp. 2,210   137,849
Kumho Industrial Company, Ltd. (I) 247   1,214
LG Chem, Ltd. 924   244,795
LG Corp. 1,921   95,759
LG Display Company, Ltd. 5,650   92,522
LG Display Company, Ltd., ADR 57   465
LG Electronics, Inc. 2,000   114,388
LG Household & Health Care, Ltd. 180   81,001
LG Innotek Company, Ltd. 210   11,169
LG Uplus Corp. 5,871   31,417
Lotte Confectionery Company, Ltd. 4   5,131
Lotte Shopping Company, Ltd. 240   80,240
LS Cable, Ltd. 380   22,972
LS Industrial Systems Company, Ltd. 440   18,602
Mirae Asset Securities Company, Ltd. 285   6,725

 

International Equity Index Trust A (continued)
  Shares or    
  Principal    
  Amount   Value
 
 
COMMON STOCKS (continued)      
South Korea (continued)      
NCSoft Corp. 320 $ 90,469
NHN Corp. (I) 830   156,478
OCI Company, Ltd. 303   51,623
POSCO 1,341   412,293
S-Oil Corp. 1,000   86,822
S1 Corp. 140   6,360
Samsung C&T Corp. 2,410   140,628
Samsung Card Company, Ltd. 900   31,147
Samsung Electro-Mechanics Company, Ltd. 1,440   88,274
Samsung Electronics Company, Ltd. 2,303   1,613,282
Samsung Engineering Company, Ltd. 580   112,393
Samsung Fire & Marine      
Insurance Company, Ltd. 720   128,567
Samsung Heavy Industries Company, Ltd. 3,310   75,972
Samsung SDI Company, Ltd. 688   66,088
Samsung Securities Company, Ltd. 1,060   45,761
Samsung Techwin Company, Ltd. 797   36,295
Seoul Semiconductor Company, Ltd. 720   12,722
Shinhan Financial Group Company, Ltd., ADR 175   11,977
Shinhan Financial Group Company, Ltd. 9,270   324,175
Shinsegae Company, Ltd. 185   42,104
SK C&C Company, Ltd. 340   41,300
SK Energy Company, Ltd. 1,167   137,113
SK Holdings Company, Ltd. 592   65,829
SK Networks Company, Ltd. 2,970   26,837
SK Telecom Company, Ltd. 398   50,127
SK Telecom Company, Ltd., ADR 657   9,244
STX Pan Ocean Company, Ltd. 2,370   15,066
Woongjin Conway Company, Ltd. 1,060   33,538
Woori Finance Holdings Company, Ltd. 6,360   52,197
Woori Investment & Securities Company, Ltd. 1,860   17,150
Yuhan Corp. 200   17,786
 
      8,804,556
Spain - 2.27%      
Abertis Infraestructuras SA 5,343   82,102
Acciona SA 627   52,928
Acerinox SA 2,601   29,248
ACS Actividades de Construccion      
y Servicios SA 2,850   100,560
Amadeus IT Holding SA, A Shares 3,953   63,457
Banco Bilbao Vizcaya Argentaria SA 82,944   675,836
Banco de Sabadell SA (L) 15,778   56,512
Banco de Valencia SA (I)(L) 95   98
Banco Popular Espanol SA (L) 20,023   92,197
Banco Santander SA 164,857   1,347,713
Bankia Saubankia Sau (I) 17,248   84,308
Bankinter SA (L) 3,925   21,378
CaixaBank 16,284   71,813
Distribuidora Internacional      
De Alimentacion SA (I) 12,644   49,792
EDP Renovaveis SA (I) 2,863   15,624
Enagas SA 4,243   78,137
Ferrovial SA 7,864   89,832
Fomento de Construcciones      
y Contratas SA (L) 418   10,330
Gas Natural SDG SA 4,137   70,514
Gestevision Telecinco SA 2,419   13,735
Grifols SA (I) 2,505   46,858
Iberdrola SA 76,483   517,596
Inditex SA 4,665   399,500
Indra Sistemas SA 1,914   27,554
Mapfre SA 14,650   45,254
Red Electrica De Espana 2,102   95,923
Repsol YPF SA 15,775   415,638

 

200

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Spain (continued)    
Telefonica SA 80,264 $ 1,538,765
Zardoya Otis SA 2,811 35,846
 
    6,129,048
Sweden - 1.62%    
Alfa Laval AB 3,968 62,296
Assa Abloy AB, Series B 5,832 120,062
Atlas Copco AB, Series A 11,483 202,843
Atlas Copco AB, Series B 5,423 85,075
Boliden AB 4,826 49,783
CDON Group AB (I) 1,132 4,135
Electrolux AB 4,332 63,504
Getinge AB, Series B 3,600 78,475
Hennes & Mauritz AB, B Shares 19,824 592,165
Hexagon AB 4,600 59,871
Holmen AB, Series B 229 5,683
Husqvarna AB, B Shares 2,659 10,735
Investor AB, B Shares 7,800 136,912
Modern Times Group AB, B Shares 785 31,342
Nordea Bank AB 50,758 410,138
Ratos AB 3,219 37,018
Sandvik AB 15,393 176,822
Scania AB, Series B 5,700 81,265
Securitas AB, Series B 1,701 12,399
Skandinaviska Enskilda Banken AB, Series A 22,665 121,860
Skanska AB, Series B 6,841 94,565
SKF AB, B Shares 7,396 139,385
SSAB AB, Series A 1,427 10,560
Svenska Cellulosa AB 9,724 118,229
Svenska Handelsbanken AB, Series A 9,341 237,469
Swedbank AB, Class A 15,527 171,098
Swedish Match AB 4,056 134,209
Tele2 AB, Series B 1,743 31,872
Telefonaktiebolaget LM Ericsson, B Shares 58,443 559,978
Teliasonera AB 41,880 276,347
Volvo AB, Series B 26,447 258,566
 
    4,374,661
Switzerland - 6.12%    
ABB, Ltd. (I) 42,670 728,706
Actelion, Ltd. (I) 2,680 89,159
Adecco SA (I) 3,024 118,580
Aryzta AG 1,920 83,165
Baloise Holding AG 1,167 85,286
Cie Financiere Richemont SA 11,016 489,008
Credit Suisse Group AG (I) 22,918 594,703
GAM Holding, Ltd. (I) 6,086 76,063
Geberit AG 951 174,827
Givaudan AG (I) 189 147,651
Glencore International PLC (L) 16,669 103,169
Holcim, Ltd. (I) 5,177 273,694
Julius Baer Group, Ltd. (I) 5,090 169,622
Kuehne & Nagel International AG 1,341 150,001
Lindt & Spruengli AG 23 66,943
Lindt & Spruengli AG - REG 3 103,647
Lonza Group AG (I) 1,227 73,652
Nestle SA 67,884 3,731,605
Novartis AG 45,672 2,548,934
Pargesa Holding SA, ADR 692 47,297
Roche Holdings AG 13,744 2,211,158
Schindler Holding AG 887 94,973
Schindler Holding AG - REG 573 62,480
SGS SA 131 198,671
Sika AG 46 81,326
Sonova Holding AG 1,141 102,962

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Switzerland (continued)    
STMicroelectronics NV 11,860 $ 77,494
Straumann Holding AG 206 32,207
Sulzer AG 481 49,241
Swiss Life Holding (I) 685 74,873
Swiss Re, Ltd. (I) 6,769 315,043
Swisscom AG 442 179,597
Syngenta AG (I) 1,996 517,082
The Swatch Group AG 1,096 65,500
The Swatch Group AG, BR Shares 651 213,344
Transocean, Ltd. 6,712 322,890
UBS AG (Swiss Exchange) (I) 74,231 844,991
Wolseley PLC 5,750 143,136
Xstrata PLC 40,800 511,690
Zurich Financial Services AG (I) 2,916 603,688
 
    16,558,058
Taiwan - 2.11%    
Acer, Inc. 41,783 50,673
Advanced Semiconductor Engineering, Inc. 80,388 68,545
Advantech Company, Ltd. 7,195 18,927
Asia Cement Corp. 19,390 19,957
Asia Optical Company, Inc. (I) 59 64
Asustek Computer, Inc. 11,754 87,783
AU Optronics Corp. 111,616 44,521
Catcher Technology Company, Ltd. 10,384 59,562
Cathay Financial Holdings Company, Ltd. 106,350 120,558
Chang Hwa Commercial Bank, Ltd. 80,660 45,844
Cheng Shin Rubber Industry Company, Ltd. 13,191 27,324
Cheng UEI Precision Industry Company, Ltd. 6,881 14,952
Chicony Electronics Company, Ltd. 9,780 15,763
Chimei Innolux Corp. (I) 68,007 27,127
China Airlines, Ltd. 14,682 7,192
China Development Financial Holdings Corp. 146,227 42,161
China Motor Company, Ltd. 40 34
China Steel Corp. 206,483 200,686
Chinatrust Financial Holding Company, Ltd. 161,717 91,979
Chunghwa Picture Tubes, Ltd. (I) 24,827 1,852
Chunghwa Telecom Company, Ltd. 57,165 190,224
CMC Magnetics Corp. (I) 52,000 9,532
Compal Communications, Inc. 307 357
Compal Electronics, Inc. 60,071 54,661
Coretronic Corp. 17,000 12,495
D-Link Corp. 934 683
Delta Electronics, Inc. 27,475 64,306
E.Sun Financial Holding Company, Ltd. 32,687 15,950
Epistar Corp. 11,828 20,605
Eternal Chemical Company, Ltd. 12,344 9,381
EVA Airways Corp. 14,961 9,791
Evergreen Marine Corp. 24,199 12,190
Everlight Electronics Company, Ltd. 4,356 7,406
Far Eastern Department Stores Company, Ltd. 15,274 19,810
Far Eastern New Century Corp. 46,700 47,572
Far EasTone    
Telecommunications Company, Ltd. 18,927 27,964
Feng Hsin Iron & Steel Company, Ltd. 12,000 20,362
Firich Enterprises Co., Ltd. (I) 426 437
First Financial Holding Company, Ltd. 87,209 55,832
Formosa Chemicals & Fibre Corp. 46,350 119,440
Formosa Petrochemical Corp. 18,990 51,911
Formosa Plastics Corp. 77,700 205,428
Formosa Taffeta Company, Ltd. 16,000 14,383
Foxconn Technology Company, Ltd. 7,988 25,396
Fubon Financial Holding Company, Ltd. 81,576 84,425
HannStar Display Corp. (I) 85,449 5,369
Hon Hai Precision Industry Company, Ltd. 190,817 425,966

 

201

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
HTC Corp. 14,528 $ 319,166
Hua Nan Financial Holdings Company, Ltd. 56,877 34,025
Inotera Memories, Inc. (I) 46,616 9,858
Inventec Appliances Corp. 488 280
Inventec Company, Ltd. 33,107 11,673
KGI Securities Company, Ltd. 44,871 15,391
Kinsus Interconnect Technology Corp. 4,422 14,264
Largan Precision Company, Ltd. 1,101 25,421
Lite-On Technology Corp. 24,485 22,199
Macronix International Company, Ltd. 36,847 12,477
MediaTek, Inc. 17,977 195,870
Mega Financial Holding Company, Ltd. 128,520 88,360
Mosel Vitelic, Inc. (I) 315 49
Motech Industries, Inc. 4,052 6,438
Nan Ya Plastics Corp. 108,520 233,612
Nan Ya Printed Circuit Board Corp. 3,234 8,697
Nanya Technology Corp. (I) 25,817 3,202
Novatek Microelectronics Corp., Ltd. 8,277 18,997
Pan-International Industrial 269 254
Pegatron Corp. 25,934 23,890
Phison Electronics Corp. 2,399 11,286
Polaris Securities Company, Ltd. 18,150 11,933
Pou Chen Corp. 26,247 18,844
Powerchip Semiconductor Corp. (I) 13,400 752
Powertech Technology, Inc. 12,536 26,679
President Chain Store Corp. 10,224 57,603
Qisda Corp. 25,777 6,806
Quanta Computer, Inc. 36,198 69,428
Realtek Semiconductor Corp. 8,274 13,808
Richtek Technology Corp. 1,212 5,618
Shin Kong Financial    
Holding Company, Ltd. (I) 114,466 33,580
Siliconware Precision Industries Company 45,426 44,628
Simplo Technology Company, Ltd. 6,050 35,680
SinoPac Holdings Company, Ltd. 69,881 22,370
Synnex Technology International Corp. 13,506 29,193
Taishin Financial Holdings Company, Ltd. 49,827 19,092
Taiwan Cement Corp. 50,476 53,494
Taiwan Cooperative Bank 61,331 36,881
Taiwan Fertilizer Company, Ltd. 11,000 26,635
Taiwan Glass Industrial Corp. 20,113 22,276
Taiwan Mobile Company, Ltd. 29,242 71,989
Taiwan Semiconductor    
Manufacturing Company, Ltd. 495,316 1,122,267
Tatung Company, Ltd. (I) 30,755 11,323
Teco Electric & Machinery Company, Ltd. 32,000 17,137
Transcend Information, Inc. 4,405 8,576
Tripod Technology Corp. 8,127 21,086
Tung Ho Steel Enterprise Corp. 12,849 11,448
U-Ming Marine Transport Corp. 9,000 13,075
Uni-President Enterprises Corp. 61,398 79,041
Unimicron Technology Corp. 15,453 21,660
United Microelectronics Corp. 202,259 74,392
Vanguard International Semiconductor Corp. 17,254 5,825
Wafer Works Corp. 105 84
Walsin Lihwa Corp. 25,000 7,323
Wan Hai Lines, Ltd. 5,460 2,554
Wintek Corp. 26,398 20,328
Wistron Corp. 30,432 34,078
WPG Holdings Company, Ltd. 20,577 23,595
Ya Hsin Industrial Company, Ltd. (I) 14,000 0
Yang Ming Marine Transport Corp. 28,050 10,801
Young Fast Optoelectronics Company, Ltd. 2,199 5,923
Yuanta Financial Holdings Company, Ltd. 132,164 66,237
Yulon Motor Company, Ltd. 14,419 26,831

 

International Equity Index Trust A (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Zinwell Corp. 723 $ 690
 
    5,704,352
Thailand - 0.46%    
Advanced Info Service PCL 23,200 95,532
Bangkok Bank PCL 9,000 40,264
Bangkok Bank PCL (Foreign    
Registered Shares) 30,900 144,363
Bangkok Expressway PCL 4,000 2,123
Bank of Ayudhya PCL 37,100 23,451
Banpu PCL 3,400 57,381
BEC World PCL 11,019 13,027
Charoen Pokphand Foods PCL 48,700 41,908
CP ALL PCL 44,605 68,877
IRPC PCL 97,700 11,000
Kasikornbank PCL 8,100 29,954
Kasikornbank PCL (Foreign Shares) 39,200 147,229
Krung Thai Bank PCL 52,000 25,762
PTT Aromatics & Refining PCL 32,400 25,641
PTT Chemical PCL 9,500 30,256
PTT Exploration & Production PCL 26,100 117,129
PTT PCL, Foreign Shares 17,900 149,719
Siam Cement PCL, Foreign Shares 8,400 82,685
Siam Commercial Bank PCL 31,748 108,261
Thai Oil PCL 13,200 21,551
 
    1,236,113
Turkey - 0.38%    
Akbank AS 25,630 100,744
Anadolu Efes Biracilik Ve Malt Sanayii AS 4,447 51,208
Arcelik AS 3,796 14,895
Asya Katilim Bankasi AS (I) 10,118 10,515
BIM Birlesik Magazalar AS 1,594 43,854
Enka Insaat ve Sanayi AS 11,067 26,731
Eregli Demir ve Celik Fabrikalari TAS 17,609 30,662
HACI Omer Sabanci Holding AS 13,187 45,882
KOC Holdings AS 11,730 43,526
Tupras Turkiye Petrol Rafinerileri AS 2,694 55,501
Turk Hava Yollari (I) 12,630 18,402
Turk Telekomunikasyon AS 15,459 66,165
Turkcell Iletisim Hizmetleri AS (I) 19,742 89,536
Turkiye Garanti Bankasi AS 51,188 198,465
Turkiye Halk Bankasi AS 6,636 47,562
Turkiye Is Bankasi 40,014 103,044
Turkiye Vakiflar Bankasi Tao 17,122 34,187
Yapi ve Kredi Bankasi AS (I) 19,138 42,302
 
    1,023,181
Ukraine - 0.01%    
Kernel Holding SA (I) 821 15,071
United Kingdom - 12.72%    
3i Group PLC 17,076 49,674
Admiral Group PLC 2,851 55,896
Aggreko PLC 5,664 143,045
AMEC PLC 4,371 54,977
Anglo American PLC 26,179 902,799
Antofagasta PLC 8,386 119,069
ARM Holdings PLC 26,088 223,286
Associated British Foods PLC 6,240 107,022
AstraZeneca PLC 27,676 1,225,402
Autonomy Corp. PLC (I) 5,327 211,004
Aviva PLC 58,650 277,129
Babcock International Group PLC 7,421 75,433
BAE Systems PLC 66,138 272,668
Balfour Beatty PLC 7,728 30,532

 

202

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
Barclays PLC 229,016 $ 562,194
BG Group PLC 66,784 1,271,721
BHP Billiton PLC 43,460 1,151,602
BP PLC 374,947 2,248,897
British American Tobacco PLC 39,019 1,653,818
British Land Company PLC 18,201 134,413
British Sky Broadcasting Group PLC 22,006 225,929
BT Group PLC 152,088 407,690
Bunzl PLC 4,608 54,731
Burberry Group PLC 8,196 148,360
Cairn Energy PLC (I) 28,281 122,567
Capital Shopping Centres Group PLC 11,282 57,315
Carnival PLC 2,878 89,056
Centrica PLC 101,205 465,233
Cobham PLC 23,239 63,035
Compass Group PLC 37,148 300,396
Diageo PLC 49,670 945,010
Eurasian Natural Resources Corp. 3,511 31,269
G4S PLC 22,271 92,340
GKN PLC 30,158 81,532
GlaxoSmithKline PLC 101,437 2,094,317
Hammerson PLC 16,836 98,266
HSBC Holdings PLC 349,636 2,664,696
ICAP PLC 5,709 36,288
Imperial Tobacco Group PLC 20,579 694,963
Inmarsat PLC 7,073 53,739
Intercontinental Hotels Group PLC 6,529 105,989
International Consolidated    
Airlines Group SA (I) 8,501 20,016
International Power PLC 33,920 160,685
Intertek Group PLC 3,224 92,437
Invensys PLC 9,591 33,332
Investec PLC 9,770 52,690
ITV PLC (I) 83,028 76,181
J Sainsbury PLC 21,151 89,857
Johnson Matthey PLC 3,753 91,863
Kazakhmys PLC 3,789 46,397
Kingfisher PLC 45,531 174,528
Ladbrokes PLC 5 9
Land Securities Group PLC 14,724 146,658
Legal & General Group PLC 110,533 165,426
Lloyds Banking Group PLC (I) 788,344 418,027
London Stock Exchange Group PLC 2,995 37,581
Lonmin PLC, ADR 2,812 45,739
Man Group PLC 38,396 99,301
Marks & Spencer Group PLC 29,768 144,714
National Grid PLC 71,749 711,397
Next PLC 3,410 133,476
Old Mutual PLC 114,848 185,689
Pearson PLC 15,549 273,684
Petrofac, Ltd. 3,790 70,119
PIK Group, GDR (I) 11,522 37,504
Prudential PLC 51,441 440,293
Reckitt Benckiser Group PLC 12,119 612,699
Reed Elsevier PLC 25,293 192,686
Resolution, Ltd. 30,596 117,437
Rexam PLC 12,743 61,111
Rio Tinto PLC 28,534 1,260,201
Rolls-Royce Holdings PLC (I) 35,966 329,764
Royal Bank of Scotland Group PLC (I) 351,443 125,816
RSA Insurance Group PLC 74,179 127,238
SABMiller PLC 18,777 610,290
Schroders PLC 2,510 49,801
Scottish & Southern Energy PLC 18,907 378,119
Segro PLC 10,521 35,922

 

International Equity Index Trust A (continued)
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
United Kingdom (continued)      
Serco Group PLC   8,805 $ 69,764
Severn Trent PLC   4,202 100,554
Smith & Nephew PLC   18,531 166,605
Smiths Group PLC   8,768 135,085
Standard Chartered PLC   46,645 931,006
Standard Life PLC   42,346 131,145
Tesco PLC   156,712 916,679
The Capita Group PLC   11,380 124,383
The Sage Group PLC   23,422 92,866
The Weir Group PLC   4,239 101,567
TUI Travel PLC   6,822 15,720
Tullow Oil PLC   17,329 351,583
Unilever PLC   25,907 811,557
United Utilities Group PLC   15,485 149,977
Vedanta Resources PLC   2,522 42,946
Vodafone Group PLC   1,060,070 2,737,467
Whitbread PLC   2,844 69,683
WM Morrison Supermarket PLC   45,553 205,408
 
      34,405,984
United States - 0.13%      
Brookfield Office Properties, Inc.   5,290 73,148
Sims Group, Ltd.   3,030 35,981
Synthes, Inc. (S)   1,468 237,361
 
      346,490
TOTAL COMMON STOCKS (Cost $246,624,363) $ 252,423,991
 
PREFERRED SECURITIES - 2.20%      
Brazil - 1.82%      
AES Tiete SA $ 2,400 $ 29,996
Banco Bradesco SA   42,218 622,184
Banco do Estado do Rio Grande do Sul SA   3,894 33,136
Bradespar SA   5,800 102,073
Brasil Telecom SA   4,873 28,431
Braskem SA, A Shares   3,700 28,691
Centrais Eletricas Brasileiras SA   4,400 50,266
Cia Brasileira de Distribuicao Grupo Pao      
de Acucar   2,031 61,386
Cia Paranaense de Energia   2,000 36,059
Companhia de Bebidas das Americas   15,935 480,953
Companhia de Transmissao de Energia      
Eletrica Paulista   1,010 25,773
Companhia Energetica de Minas Gerais   5,494 81,026
Companhia Energetica de Sao Paulo   3,949 58,387
Eletropaulo Metropolitana Eletricidade de      
Sao Paulo SA   2,135 32,316
Gerdau SA   13,800 97,982
Gol Linhas Aereas Inteligentes SA   2,400 13,071
Investimentos Itau SA   51,444 260,743
Itau Unibanco Holding SA   45,131 697,277
Klabin SA   14,000 38,718
Lojas Americanas SA   7,440 56,188
Metalurgica Gerdau SA   7,000 62,396
Petroleo Brasileiro SA   73,452 746,142
Suzano Papel e Celulose SA   3,875 17,229
Tam SA   2,460 37,772
Tele Norte Leste Participacoes SA   5,500 52,068
Telecomunicacoes De Sao Paulo SA (I)   6,418 169,986
Telemar Norte Leste SA   200 4,116
Usinas Siderurgicas de Minas Gerais SA   9,850 55,111
Vale Fertilizantes SA   1,400 18,108
Vale SA   44,068 919,446
 
      4,917,030

 

203

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust A (continued)
  Shares or   
  Principal   
  Amount  Value
 
 
PREFERRED SECURITIES (continued)    
Germany - 0.28%    
Bayerische Motoren Werke (BMW) AG $ 607 $ 28,302
Henkel AG & Company KGaA 3,374 179,280
Porsche Automobil Holding SE 2,945 140,978
RWE AG 726 24,908
Volkswagen AG 2,902 383,934
 
    757,402
South Korea - 0.10%    
Hyundai Motor Company, Ltd. 660 35,680
Hyundai Motor Company, Ltd. -2nd Preferred 660 37,570
Samsung Electronics Company, Ltd. 440 210,171
 
    283,421
TOTAL PREFERRED SECURITIES (Cost $5,600,472) $ 5,957,853
 
RIGHTS - 0.01%    
Banco Bilbao Vizcaya Argentaria SA    
(Expiration Date: 10/20/2011, Strike Price:    
EUR 0.49) (I) 82,944 $ 12,224
CaixaBank (Expiration Date: 10/13/2011,    
Strike Price: EUR 1.00) (I) 16,284 1,331
Daewoo Securities Company, Ltd. (Expiration    
Date: 11/01/2011, Strike Price:    
KRW 8,230) (I) 1,965 3,703
Hong Leong Bank BHD (Expiration Date:    
10/06/2011, Strike Price: MYR 1.00) (I) 2,420 652
Lojas Americanas SA (Expiration Date:    
10/28/2011, Strike Price: BRL 1,925.00 (I) 1 37
TOTAL RIGHTS (Cost $13,832) $ 17,947
 
WARRANTS - 0.00%    
Golden Agri-Resources, Ltd. (Expiration Date:    
07/23/2012, Strike Price: SGD 0.54) (I) 12,343 1,076
Kinross Gold Corp. (Expiration Date:    
09/17/2014, Strike Price: $21.30) (I) 605 1,409
TOTAL WARRANTS (Cost $2,883) $ 2,485
 
SECURITIES LENDING COLLATERAL - 3.27%    
John Hancock Collateral    
Investment Trust, 0.2515% (W)(Y) 885,074 8,855,347
TOTAL SECURITIES LENDING    
COLLATERAL (Cost $8,855,538) $ 8,855,347
 
SHORT-TERM INVESTMENTS - 1.28%    
Money Market Funds - 1.28%    
AIM Short-Term Investment Trust, STIC    
Prime Portfolio, 0.050% (Y) $ 3,458,181 $ 3,458,181
TOTAL SHORT-TERM INVESTMENTS (Cost $3,458,181) $ 3,458,181
Total Investments (International Equity Index Trust A)    
(Cost $264,555,269) - 100.11% $ 270,715,804
Other assets and liabilities, net - (0.11%)   (296,620)
 
TOTAL NET ASSETS - 100.00% $ 270,419,184
 
 
International Equity Index Trust B    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 94.98%    
Australia - 5.57%    
AGL Energy, Ltd. 9,629 $ 132,023

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Alumina, Ltd. 60,159 $ 84,115
Amcor, Ltd. 24,358 160,280
AMP, Ltd. 58,325 218,942
Asciano Group 66,972 92,182
Australia & New Zealand Banking Group, Ltd. 49,959 927,814
Australian Stock Exchange, Ltd. 3,001 87,127
Bendigo and Adelaide Bank, Ltd. 8,554 69,334
BHP Billiton, Ltd. 62,154 2,065,067
BlueScope Steel, Ltd. 38,977 26,893
Boral, Ltd. 14,601 48,575
Brambles, Ltd. 30,546 188,453
Caltex Australia, Ltd. 2,363 24,353
CFS Gandel Retail Trust 32,060 53,774
Coca-Cola Amatil, Ltd. 10,570 120,939
Cochlear, Ltd. 902 40,081
Commonwealth Bank of Australia 29,887 1,299,500
Computershare, Ltd. 7,493 53,355
Crown, Ltd. 6,963 53,057
CSL, Ltd. 10,201 290,978
Dart Energy, Ltd. (I) 8,396 4,175
Dexus Property Group 69,515 54,830
Duluxgroup, Ltd. 9,739 23,448
Echo Entertainment Group, Ltd. (I) 16,416 57,334
Fortescue Metals Group, Ltd. 27,667 114,693
Foster’s Group, Ltd. 41,058 208,437
Goodman Group 151,248 82,754
GPT Group 30,896 92,333
Harvey Norman Holding, Ltd. 6,970 14,326
Iluka Resources, Ltd. 8,724 101,998
Incitec Pivot, Ltd. 32,945 102,134
John Fairfax Holdings, Ltd. (L) 28,706 22,579
Leighton Holdings, Ltd. 2,923 51,243
Lend Lease Corp. 11,971 80,206
MacArthur Coal, Ltd. 2,951 45,148
Macquarie Airports, Ltd. 7,889 24,440
Macquarie Group, Ltd. 6,640 142,038
Metcash, Ltd. 10,625 41,739
Mirvac Group 65,898 71,902
National Australia Bank, Ltd. 41,724 886,464
Newcrest Mining, Ltd. 11,412 376,078
NRMA Insurance Group, Ltd. 47,431 137,147
Nufarm, Ltd. (I) 553 2,247
OneSteel, Ltd. 33,793 39,635
Orica, Ltd. 7,820 175,163
Origin Energy, Ltd. 20,950 268,185
Oxiana, Ltd. 4,966 44,192
Paladin Resources, Ltd. (I) 13,414 15,358
Qantas Airways, Ltd. (I) 28,030 37,529
QBE Insurance Group, Ltd. 21,250 260,728
QR National, Ltd. 33,629 101,657
Rio Tinto, Ltd. 8,393 491,390
Santos, Ltd. 18,019 194,853
Sonic Healthcare, Ltd. 6,727 73,609
Stockland 46,096 128,219
Suncorp-Metway, Ltd. 23,624 179,624
TABCORP Holdings, Ltd. 17,592 43,535
Tattersall’s, Ltd. 20,857 44,629
Telstra Corp., Ltd. 84,242 251,077
Toll Holdings, Ltd. 14,698 61,634
Transurban Group, Ltd. 25,384 131,960
Wesfarmers, Ltd. 19,734 596,319
Wesfarmers, Ltd. (Price Protected Shares) 3,770 115,797
Westfield Group 43,897 325,002
Westfield Retail Trust 60,453 140,236
Westpac Banking Corp. 58,198 1,118,570

 

204

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Woodside Petroleum, Ltd. 12,271 $ 379,885
Woolworths, Ltd. 23,175 553,765
WorleyParsons, Ltd. 4,072 101,608
 
    14,648,694
Austria - 0.17%    
OMV AG 3,353 100,272
Erste Group Bank AG 3,923 99,993
Immoeast AG (I) 9,682 0
IMMOFINANZ AG (I)(L) 14,523 41,233
Oesterreichische Elektrizitaets AG, Class A 1,141 32,984
Raiffeisen Bank International AG (L) 784 22,911
Telekom Austria AG 5,936 59,886
Voestalpine AG 2,038 59,069
Wiener Staedtische Allgemeine    
Versicherung AG 771 29,281
 
    445,629
Belgium - 0.65%    
Ageas 63,788 66,863
Anheuser-Busch InBev NV 15,400 816,714
Bekaert SA (I) 749 30,584
Belgacom SA 3,375 101,727
Colruyt SA 1,515 62,892
Delhaize Group SA 1,962 114,556
Dexia SA (I) 12,687 24,073
Groupe Bruxelles Lambert SA 1,559 109,709
KBC Bancassurance Holding NV 3,626 83,458
Mobistar SA (I) 446 25,469
Solvay SA 1,200 112,885
UCB SA 1,834 78,096
Umicore SA 2,468 89,470
 
    1,716,496
Bermuda - 0.07%    
Seadrill, Ltd. 6,250 173,082
Brazil - 1.56%    
All America Latina Logistica SA 7,500 34,025
B2W Companhia Global Do Varejo 1,149 8,983
Banco do Brasil SA 13,113 173,236
Banco Santander Brasil SA 12,894 94,086
BM&F Bovespa SA 43,476 203,246
BR Malls Participacoes SA 6,110 62,424
Brasil Telecom SA 808 5,281
Brasil Telecom SA - New York Exchange 588 10,266
Brasil Telecom SA, ADR 333 2,131
Braskem SA, ADR 1,584 24,742
CCR SA 2,100 54,671
Centrais Eletricas Brasileiras SA 6,700 57,726
Centrais Eletricas Brasileiras SA, ADR,    
B Shares 1,429 16,705
Centrais Eletricas Brasileiras SA, ADR,    
Ordinary Shares 2,381 20,881
Cia Brasileira de Distribuicao Grupo Pao de    
Acucar, ADR 628 19,330
Cia de Saneamento Basico do Estado de    
Sao Paulo 1,990 46,251
Cia de Transmissao de Energia Electrica    
Paulista, ADR (I) 133 3,193
Cielo SA 5,646 125,817
Companhia Siderurgica Nacional SA 16,100 126,385
Cosan SA Industria e Comercio 3,511 44,759
CPFL Energia SA 4,400 48,277
Cyrela Brazil Realty SA 4,000 24,912
Diagnosticos da America SA 4,400 37,418

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Brazil (continued)    
EDP - Energias do Brasil SA 2,900 $ 58,609
Embraer SA, ADR 1,026 26,030
Empresa Brasileira de Aeronautica SA 10,800 67,491
Fibria Celulose SA 3,172 24,124
Fibria Celulose SA, ADR 1,562 11,824
Gafisa SA 5,274 15,063
Hypermarcas SA 3,108 14,612
JBS SA (I) 15,473 29,872
Localiza Rent a Car SA 2,811 37,226
Lojas Renner SA 2,800 75,426
Marfrig Frigorificos e Comercio    
de Alimentos SA 4,457 14,531
MRV Engenharia e Participacoes SA 6,501 33,296
Natura Cosmeticos SA 2,300 39,144
OGX Petroleo e Gas Participacoes SA (I) 30,000 183,486
PDG Realty SA Empreendimentos    
e Participacoes 12,764 41,613
Perdigao SA 15,120 258,775
Petroleo Brasileiro SA 53,929 599,450
Porto Seguro SA 4,419 41,129
Redecard SA 7,084 96,450
Rossi Residencial SA 3,875 18,095
Souza Cruz SA 7,000 70,437
Tam SA 65 968
Tele Norte Leste Participacoes SA 2,500 27,390
Tele Norte Leste Participacoes SA, ADR 2,994 28,533
Telecomunicacoes de Sao Paulo SA, ADR (I) 499 13,199
Tim Participacoes Satim Participacoes SA 20,065 92,842
Tractebel Energia SA 6,200 86,063
Ultrapar Participacoes SA 6,000 94,136
Usinas Siderurgicas de Minas Gerais SA 4,400 50,312
Usinas Siderurgicas de Minas Gerais SA, ADR 800 4,992
Vale Fertilizantes SA 28,900 655,543
Weg SA 4,600 45,749
 
    4,101,155
Canada - 7.94%    
Agnico-Eagle Mines, Ltd. 3,313 198,072
Agrium, Inc. 2,961 197,089
Alimentation Couche Tard, Inc. 2,200 61,723
ARC Resources, Ltd. 2,700 58,128
Athabasca Oil Sands Corp. (I) 5,400 55,242
Bank of Montreal (L) 10,809 605,176
Bank of Nova Scotia (L) 20,748 1,043,835
Barrick Gold Corp. 19,130 896,530
Baytex Energy Corp. 2,200 91,976
BCE, Inc. 5,273 197,706
Bell Aliant, Inc. 1,600 42,218
Bombardier, Inc. 26,338 92,242
Bonavista Energy Corp. 1,500 33,725
Brookfield Asset Management, Inc. 10,851 300,088
Brookfield Residential Properties, Inc. (I) 515 3,425
CAE, Inc. 5,716 53,620
Cameco Corp. 7,166 131,572
Canadian Imperial Bank of Commerce (L) 7,530 527,294
Canadian National Railway Company 8,798 587,961
Canadian Natural Resources, Ltd. 20,944 614,989
Canadian Oil Sands, Ltd. 5,700 110,910
Canadian Pacific Railway, Ltd. (L) 3,074 148,200
Canadian Tire Corp., Ltd. 1,554 84,529
Canadian Utilities, Ltd. 1,700 100,761
Cenovus Energy, Inc. 14,264 439,259
Centerra Gold, Inc. 3,400 63,302
CGI Group, Inc. (I) 4,976 93,594
Chorus Aviation, Inc. 481 1,763

 

205

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
CI Financial Corp. 3,033 $ 60,029
Crescent Point Energy Corp. (L) 5,000 188,234
Eldorado Gold Corp. 11,500 198,087
Empire Company, Ltd. 800 43,897
Enbridge, Inc. (L) 13,752 438,977
Encana Corp. (L) 13,964 268,779
Enerplus Corp. 4,100 101,219
Fairfax Financial Holdings, Ltd.    
(Toronto Exchange) 359 137,649
Finning International, Inc. 3,138 57,346
First Quantum Minerals, Ltd. 8,000 106,499
Fortis, Inc. (L) 3,500 109,987
Franco-Nevada Corp. 2,200 79,590
George Weston, Ltd. 1,036 68,444
Gildan Activewear, Inc. 2,200 57,105
Goldcorp, Inc. 15,256 699,834
Great-West Lifeco, Inc. (L) 5,976 117,535
Husky Energy, Inc. (L) 4,852 105,060
IAMGOLD Corp. 8,000 159,023
IGM Financial, Inc. (L) 2,196 93,339
Imperial Oil, Ltd. 5,503 197,665
Industrial Alliance Insurance and    
Financial Services, Inc. 2,000 59,090
Inmet Mining Corp. 1,200 50,845
Intact Financial Corp. 2,100 115,291
Ivanhoe Mines, Ltd. (I) 5,865 80,875
Kinross Gold Corp. 22,869 339,794
Loblaw Companies, Ltd. 2,137 80,431
Magna International, Inc. 4,486 148,335
Manulife Financial Corp. (L)(O) 33,824 385,398
MEG Energy Corp. (I) 2,600 96,169
Metro, Inc. (L) 2,000 87,451
National Bank of Canada (L) 3,168 211,291
New Gold, Inc (I) 8,200 84,668
Nexen, Inc. 10,364 161,211
Niko Resources, Ltd. 900 37,077
Nordion, Inc. 1,600 14,139
Onex Corp. 1,632 50,865
Open Text Corp. (I) 1,300 67,959
Osisko Mining Corp. (I) 6,800 86,111
Pace Oil And Gas, Ltd. (I) 745 3,213
Pacific Rubiales Energy Corp. 5,600 118,637
Pan American Silver Corp. 2,100 56,573
Pengrowth Energy Trust 6,300 56,934
Penn West Petroleum, Ltd. (L) 8,913 132,262
PetroBakken Energy, Ltd., Class A 2,200 14,171
Petrobank Energy & Resources, Ltd. (I) 2,000 12,119
Potash Corp. of Saskatchewan, Inc. 16,433 713,524
Power Corp. of Canada (L) 6,717 147,237
Power Financial Corp. 5,322 130,320
Precision Drilling Corp. (I) 4,500 37,489
Progress Energy Resources Corp. 3,600 44,283
QLT, Inc. (I) 230 1,677
Research In Motion, Ltd. (I) 8,800 179,376
RioCan Real Estate Investment Trust 2,900 71,953
Ritchie Brothers Auctioneers, Inc. (L) 2,600 52,749
Rogers Communications, Inc., Class B (L) 7,842 268,435
Royal Bank of Canada (L) 27,476 1,260,136
Saputo, Inc. 3,100 122,119
Shaw Communications, Inc., Class B 7,402 150,173
Shoppers Drug Mart Corp. (L) 4,556 177,605
Silver Wheaton Corp. 7,100 209,633
SNC-Lavalin Group, Inc. 3,213 135,002
Sun Life Financial, Inc. (Toronto    
Stock Exchange) (L) 10,752 256,821

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Suncor Energy, Inc. 30,173 $ 770,522
Talisman Energy, Inc. 19,326 237,541
Teck Resources, Ltd. 11,014 324,986
TELUS Corp. 1,000 49,003
TELUS Corp., Non-Voting Shares 2,844 132,579
The Toronto-Dominion Bank 17,000 1,210,068
Thomson Corp. (L) 7,011 190,011
Tim Hortons, Inc. 3,600 167,340
TMX Group, Inc. 1,924 75,168
Tourmaline Oil Corp. (I) 2,300 67,646
Trans-Canada Corp. (L) 13,350 541,950
TransAlta Corp. 4,021 87,526
Valeant Pharmaceuticals International, Inc. 2,750 102,505
Vermilion Energy, Inc. 900 37,824
Viterra, Inc. 5,600 55,097
Yamana Gold, Inc. 13,438 184,405
 
    20,866,839
Chile - 0.39%    
Banco Santander Chile SA, ADR (L) 2,849 209,345
Centros Comerciales Sudamericanos SA (S) 3,301 267,488
Cia Cervecerias Unidas SA, ADR 1,234 63,736
CorpBanca SA, ADR 2,999 58,301
Empresa Nacional de    
Electricidad SA, ADR (L) 2,350 101,849
Enersis SA, ADR 5,590 94,527
Lan Airlines SA, ADR (L) 5,140 106,141
Sociedad Quimica y Minera de    
Chile SA, ADR 1,829 87,444
Vina Concha Y Toro SA, ADR (L) 808 29,492
 
    1,018,323
China - 2.85%    
Agile Property Holdings, Ltd. 30,789 19,409
Air China, Ltd. 128,534 88,481
Alibaba.com, Ltd. 48,600 44,912
Aluminum Corp. of China, Ltd. 81,220 33,977
Angang Steel Company, Ltd., Class H 51,547 27,002
Anhui Conch Cement Company, Ltd. 26,790 72,841
Bank of China, Ltd., Class H 1,219,486 372,097
Bank of Communications    
Company, Ltd., Class H 155,747 90,319
Beijing Datang Power Generation    
Company, Ltd., Class H 142,864 35,738
BYD Company, Ltd., Class H (I) 10,705 17,545
China BlueChemical, Ltd. 70,000 53,317
China Citic Bank Corp., Ltd. 152,400 60,904
China Coal Energy Company, Ltd., Series H 91,000 79,475
China Communications    
Construction Company, Ltd. 90,800 57,968
China Communications    
Services Corp., Ltd., Class H 72,000 32,500
China Construction Bank Corp. 1,164,568 694,907
China COSCO Holdings Company, Ltd. 50,796 20,388
China Life Insurance Company, Ltd. 180,624 429,219
China Merchants Bank Company, Ltd. 80,691 122,198
China National Building    
Material Company, Ltd. 48,000 40,558
China Oilfield Services, Ltd. 70,000 87,651
China Petroleum & Chemical Corp. 377,970 364,020
China Railway Construction Corp. 71,500 29,963
China Railway Group, Ltd. 75,000 14,792
China Shenhua Energy Company, Ltd. 80,000 313,460
China Shipping Container    
Lines Company, Ltd. (I) 202,473 30,452

 

206

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
China (continued)    
China Shipping Development Company, Ltd. 56,432 $ 34,979
China Telecom Corp., Ltd. 301,604 187,820
China Yurun Food Group, Ltd. 35,000 37,387
CNOOC, Ltd. 380,274 609,068
Country Garden Holdings Company 122,319 33,244
Dongfang Electric Corp. Ltd. 20,000 51,489
Dongfeng Motor Group Company, Ltd. 51,220 67,882
ENN Energy Holdings, Ltd. 18,000 58,580
Evertop Wire Cable Corp. 24,075 40,489
Fosun International, Ltd. 92,000 46,163
Foxconn International Holdings, Ltd. (I) 49,000 24,816
Golden Eagle Retail Group, Ltd. 15,000 30,687
Guangzhou Automobile Group Company, Ltd. 43,819 42,172
Guangzhou R&F Properties    
Company, Ltd., Class H 18,800 13,549
Hengan International Group Company, Ltd. 12,000 94,790
Huaneng Power International, Inc., Class H 125,436 51,931
Industrial & Commercial Bank of China 1,053,778 509,366
Jiangsu Expressway, Ltd. 49,145 37,565
Lenovo Group, Ltd. 81,436 54,451
Li Ning Company, Ltd. 31,751 31,781
Maanshan Iron & Steel Company, Ltd. 94,075 20,591
Parkson Retail Group, Ltd. 42,500 50,239
PetroChina Company, Ltd., Class H 512,261 619,582
PICC Property & Casualty    
Company, Ltd., Class H 111,220 118,549
Ping An Insurance Group Company 28,145 156,605
Shandong Weigao Group Medical    
Polymer Company, Ltd. 48,000 53,626
Shanghai Electric Group Company, Ltd. 146,864 56,249
Shui On Land, Ltd. 107,833 25,663
Sino-Ocean Land Holdings, Ltd. 66,318 21,112
Sinopec Shanghai Petrochemical    
Company, Ltd., Class H 127,934 45,146
Soho China, Ltd. 74,000 45,979
Tencent Holdings, Ltd. 20,000 409,251
Tingyi (Cayman Islands) Holding Corp. 32,000 77,859
Tsingtao Brewery Company, Ltd., Series H 14,000 75,655
Want Want China Holdings, Ltd. 79,000 69,921
Weichai Power Company, Ltd. 20,400 92,784
Yangzijiang Shipbuilding Holdings, Ltd. 38,000 25,328
Yanzhou Coal Mining Company, Ltd., Class H 35,990 75,638
Zhejiang Expressway Company, Ltd., Class H 67,718 40,735
Zijin Mining Group Company, Ltd. 123,616 34,743
ZTE Corp., Class H 25,786 71,791
 
    7,479,348
Colombia - 0.20%    
BanColombia SA, ADR (L) 9,000 501,300
Petrominerales, Ltd. 1,228 24,140
 
    525,440
Cyprus - 0.01%    
Bank of Cyprus PCL 16,384 25,480
Czech Republic - 0.10%    
CEZ AS 3,639 140,229
Komercni Banka AS 322 60,022
Telefonica O2 Czech Republic AS 2,389 50,962
 
    251,213
Denmark - 0.70%    
A P Moller Maersk A/S 15 84,179
A P Moller Maersk A/S, Series A 25 147,154
Carlsberg A/S 2,127 126,165
Coloplast A/S 441 63,649

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Denmark (continued)    
Danske Bank A/S (I) 13,736 $ 192,529
DSV A/S, ADR 5,570 100,400
Novo Nordisk A/S 8,044 799,670
Novozymes A/S, Class B 828 117,789
TDC A/S 7,700 62,824
TrygVesta A/S 800 42,045
Vestas Wind Systems A/S (I) 4,989 80,898
William Demant Holdings A/S (I) 418 31,371
 
    1,848,673
Egypt - 0.08%    
Commercial International Bank 13,058 50,273
Egypt Kuwait Holding Company 15,787 16,250
Egyptian Company for Mobile Services 919 14,559
Egyptian Financial Group-Hermes Holding (I) 4,582 12,977
EL EZZ Steel Company 2,373 2,387
Orascom Construction Industries 1,751 63,667
Orascom Telecom Holding SAE (I) 48,717 27,280
Telecom Egypt 8,967 22,234
 
    209,627
Finland - 0.61%    
Elisa OYJ, Class A 2,753 56,218
Fortum OYJ 8,285 194,567
Kesko OYJ 1,137 34,944
Kone OYJ 3,300 156,581
Metso OYJ 2,773 80,798
Neste Oil OYJ 1,931 16,708
Nokia OYJ 70,976 402,038
Nokian Renkaat OYJ 2,210 65,889
Orion OYJ, Series B 1,460 29,390
Outokumpu OYJ 2,213 14,501
Pohjola Bank OYJ 2,640 27,746
Rautaruukki OYJ 1,211 12,147
Sampo OYJ 9,048 226,614
Sanoma OYJ (L) 1,560 18,336
Stora Enso OYJ, Series R (L) 12,353 72,132
UPM-Kymmene OYJ 11,020 124,050
Wartsila OYJ 3,462 82,211
 
    1,614,870
France - 5.76%    
Accor SA 2,798 74,475
Aeroports de Paris 664 49,874
Air France KLM (I) 1,926 14,087
Air Liquide SA 5,439 636,019
Alcatel-Lucent (I) 42,942 122,781
Alstom SA (L) 4,088 135,234
ANF Immobilier 8 328
Arkema 1,153 66,959
Atos Origin SA 816 35,290
AXA SA 33,295 432,306
BNP Paribas 18,484 731,640
Bouygues SA (L) 4,806 159,042
Bureau Veritas SA 1,137 81,769
Cap Gemini SA 2,901 96,676
Carrefour SA 10,956 249,239
Casino Guichard Perrachon SA 1,109 86,390
Christian Dior SA 1,054 117,912
Cie de Saint-Gobain SA 7,551 288,408
Cie Generale d’Optique    
Essilor International SA 3,767 271,475
Cie Generale de Geophysique-Veritas (I) 2,658 46,673
Cie Generale des Etablissements Michelin 3,416 203,998
CNP Assurances SA 2,808 41,463
Credit Agricole SA (L) 17,897 123,029

 

207

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
Danone SA 11,176 $ 687,785
Dassault Systemes SA 1,217 85,932
Edenred 3,317 78,862
EDF SA 4,378 127,215
Eiffage SA 762 23,493
Eramet 71 9,816
Eurazeo 270 11,346
Eutelsat Communications 1,618 64,994
Fonciere Des Regions 530 36,972
France Telecom SA 35,490 581,957
GDF Suez 23,727 708,804
Gecina SA 457 40,024
Groupe Eurotunnel SA 10,681 90,369
ICADE 337 26,316
Iliad SA 282 31,558
Imerys SA 560 28,094
JCDecaux SA (I) 827 20,514
Klepierre SA 1,676 47,004
L’Oreal SA 4,567 446,888
Lafarge SA 3,721 128,100
Lagardere SCA 2,403 58,953
Legrand SA, ADR 3,556 110,858
LVMH Moet Hennessy Louis Vuitton SA 4,700 623,252
M6-Metropole Television SA 1,073 17,450
Natixis 14,722 46,599
Neopost SA 682 50,119
Pernod-Ricard SA 3,735 292,855
Peugeot SA 3,000 63,829
PPR 1,412 182,149
Publicis Groupe SA 2,591 108,477
Renault SA 3,943 130,690
Safran SA 3,379 103,801
Sanofi 21,555 1,415,281
Schneider Electric SA 9,372 504,575
SCOR SE 3,060 65,969
Societe BIC SA 433 36,842
Societe Generale 12,273 321,571
Societe Television Francaise 2,128 26,441
Sodexo 1,824 120,190
Suez Environnement SA 5,210 72,615
Technip SA 1,949 155,974
Thales SA 1,859 58,093
Total SA 40,885 1,802,647
Unibail-Rodamco SE 1,732 308,681
Valeo SA 140 5,879
Vallourec SA 2,250 128,962
Veolia Environnement SA 6,876 100,421
Vinci SA 8,454 363,011
Vivendi SA 23,625 482,366
Wendel SA 684 42,884
 
    15,142,544
Germany - 4.83%    
Adidas AG 4,047 244,181
Allianz SE 8,736 822,064
BASF SE 17,725 1,075,465
Bayer AG 15,931 875,504
Bayerische Motoren Werke (BMW) AG 6,310 418,102
Beiersdorf AG 2,228 119,315
Celesio AG 1,332 17,583
Commerzbank AG (I) 30,111 75,800
Continental AG (I) 1,667 95,795
Daimler AG 17,434 772,227
Deutsche Bank AG 17,866 622,487
Deutsche Boerse AG (I) 3,772 189,414

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
Deutsche Lufthansa AG 5,098 $ 65,764
Deutsche Post AG 15,829 202,306
Deutsche Telekom AG 53,838 633,310
E.ON AG 34,590 754,371
Fraport AG, ADR 836 48,786
Fresenius Medical Care AG 3,800 257,446
Fresenius SE & Company KGaA 2,276 201,994
GEA Group AG 3,548 82,901
Hannover Rueckversicherung AG 1,110 50,222
HeidelbergCement AG 2,974 107,485
Henkel AG & Company, KGaA 2,707 118,450
Hochtief AG 973 60,470
Infineon Technologies AG 22,698 167,158
K&S AG 3,196 168,040
Kabel Deutschland Holding AG (I) 1,500 80,857
Lanxess AG 1,672 80,372
Linde AG 3,218 429,193
MAN SE 2,251 174,082
Merck KGaA 1,390 113,737
Metro AG 2,895 121,805
Muenchener Rueckversicherungs - Gesellschaft    
AG (MunichRe) 3,587 444,627
RWE AG 7,935 292,188
Salzgitter AG 1,027 49,273
SAP AG 17,696 902,058
Siemens AG 15,901 1,436,531
Suedzucker AG 1,367 38,788
ThyssenKrupp AG 6,274 153,995
TUI AG (I) 2,454 12,554
United Internet AG 1,746 29,464
Volkswagen AG 554 68,658
Wacker Chemie AG (L) 348 30,910
 
    12,705,732
Greece - 0.09%    
Alpha Bank AE (I) 12,938 22,980
Coca Cola Hellenic Bottling Company S.A. (I) 3,310 58,551
EFG Eurobank Ergasias SA (I) 6,561 8,150
Hellenic Telecommunications Organization SA 5,650 24,149
National Bank of Greece SA (I) 17,362 63,480
OPAP SA 4,860 49,311
Public Power Corp. SA 1,432 11,456
 
    238,077
Hong Kong - 2.77%    
AIA Group, Ltd. 149,000 423,618
ASM Pacific Technology, Ltd. 4,414 43,124
Bank of East Asia, Ltd. 30,899 93,360
Beijing Capital International Airport    
Company, Ltd., Class H 74,789 30,096
Beijing Enterprises Holdings, Ltd. 15,286 76,491
Belle International Holdings, Ltd. 89,978 153,971
BOC Hong Kong Holdings, Ltd. 75,328 158,403
Cathay Pacific Airways, Ltd. 17,782 28,810
Chaoda Modern Agriculture Holdings, Ltd. 88,940 11,827
Cheung Kong Holdings, Ltd. 25,849 276,719
Cheung Kong Infrastructure Holdings, Ltd. 9,772 57,031
China Agri-Industries Holdings, Ltd. 67,216 41,269
China Dongxiang Group Company 87,500 14,786
China Everbright, Ltd. 34,216 35,670
China High Speed Transmission Equipment    
Group Company, Ltd. 37,000 16,693
China Mengniu Dairy Company, Ltd. 20,502 61,449
China Merchants Holdings    
International Company, Ltd. 22,744 61,225

 

208

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
China Mobile, Ltd. 128,530 $ 1,254,296
China Overseas Land & Investment, Ltd. 89,522 127,867
China Resource Power Holdings, Ltd. 31,667 47,310
China Resources Enterprises, Ltd. 23,145 75,877
China Resources Land, Ltd. 46,789 49,105
China Taiping Insurance    
Holdings Company, Ltd. (I) 34,000 65,515
China Unicom Hong Kong, Ltd. 129,432 264,618
Citic Pacific, Ltd. 19,967 27,624
CLP Holdings, Ltd. 36,289 324,831
COSCO Pacific, Ltd. 53,801 59,614
Esprit Holdings, Ltd. 23,903 29,152
Galaxy Entertainment Group, Ltd. (I) 26,000 36,526
GOME Electrical Appliances Holdings, Ltd. 210,384 48,404
Guangdong Investment, Ltd. 115,220 71,327
Hang Lung Group, Ltd. 16,000 81,361
Hang Lung Properties, Ltd. 42,326 125,133
Hang Seng Bank, Ltd. 15,519 181,852
Henderson Land Development Company, Ltd. 19,365 86,028
Hong Kong & China Gas Company, Ltd. 95,884 216,615
Hong Kong Exchanges & Clearing, Ltd. 19,403 278,421
Hopewell Holdings, Ltd. 9,362 26,616
Huabao International Holdings, Ltd. 45,000 36,683
Hutchison Whampoa, Ltd. 40,377 298,898
Hysan Development Company, Ltd. 10,277 30,456
Kerry Properties, Ltd. 11,438 35,972
Kingboard Chemical Holdings, Ltd. 8,549 23,000
Kunlun Energy Company, Ltd. 40,000 54,240
Li & Fung, Ltd. 91,942 151,635
Lifestyle International Holdings, Ltd. 8,500 21,219
MTR Corp., Ltd. 24,709 74,106
New World Development Company, Ltd. 38,967 36,652
Nine Dragons Paper Holdings, Ltd. 37,000 18,066
Noble Group, Ltd. 50,761 50,700
NWS Holdings, Ltd. 29,501 39,227
Orient Overseas International, Ltd. 3,562 14,256
PCCW, Ltd. 89,000 32,923
Poly Hong Kong Investment, Ltd. 35,000 10,662
Power Assets Holdings, Ltd. 28,082 214,884
Shanghai Industrial Holdings, Ltd. 19,930 55,627
Shangri-La Asia, Ltd. 22,820 42,938
Shimao Property Holdings, Ltd., GDR 30,500 22,192
Sino Land Company, Ltd. 33,481 44,542
Sino-Forest Corp. (I)(L) 4,100 2,823
Sinofert Holdings, Ltd. 82,000 21,016
SJM Holdings, Ltd. 34,000 59,183
Sun Hung Kai Properties, Ltd. 26,839 304,086
Swire Pacific, Ltd. 13,163 136,001
The Link REIT 44,632 140,753
Wharf Holdings, Ltd. 27,876 135,856
Wheelock and Company, Ltd. 18,000 52,620
Wing Hang Bank, Ltd. 2,122 17,202
Yue Yuen Industrial Holdings, Ltd. 12,067 30,916
 
    7,271,968
Hungary - 0.06%    
Magyar Telekom Telecommunications PLC 5,422 12,057
MOL Hungarian Oil and Gas PLC (I) 799 53,856
OTP Bank PLC 4,572 67,331
Richter Gedeon Nyrt 257 35,022
 
    168,266
India - 1.58%    
Dr. Reddy’s Laboratories, Ltd., ADR (L) 4,103 122,269
HDFC Bank, Ltd., ADR 11,225 327,209

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
India (continued)    
ICICI Bank, Ltd., ADR 16,741 $ 581,248
Infosys, Ltd., ADR (L) 23,322 1,191,055
Larsen & Toubro, Ltd., GDR (S) 2,684 74,401
Mahindra & Mahindra, Ltd., GDR 6,560 108,699
Ranbaxy Laboratories, Ltd., ADR 5,719 60,621
Reliance Capital, Ltd., GDR (L)(S) 2,081 13,391
Reliance Communication, Ltd., GDR (S) 44,836 65,685
Reliance Industries, Ltd., GDR (S) 32,965 1,073,340
Reliance Infrastructure, Ltd., GDR (S) 1,080 24,706
Satyam Computer Services, Ltd., ADR (I) 15,376 41,976
State Bank of India, GDR 1,201 101,485
Tata Motors, Ltd., ADR (L) 9,630 148,109
Ultratech Cement, Ltd., GDR 752 17,529
Wipro, Ltd., ADR (L) 21,460 198,505
 
    4,150,228
Indonesia - 0.68%    
Adaro Energy Tbk PT 185,500 35,305
Aneka Tambang Tbk PT 104,625 17,492
Astra Agro Lestari Tbk PT 12,658 27,385
Astra International Tbk PT 41,483 292,989
Bank Central Asia Tbk PT 256,274 220,823
Bank Danamon Indonesia Tbk PT 101,362 52,038
Bank Mandiri Tbk PT 147,111 102,735
Bank Pan Indonesia Tbk PT (I) 33,314 2,420
Bank Rakyat Indonesia Tbk PT 221,002 145,004
Berlian Laju Tanker Tbk PT (I) 128,000 2,894
Bumi Resources Tbk PT 351,780 76,858
Energi Mega Persada Tbk PT (I) 138,000 2,006
Gudang Garam Tbk PT 13,000 76,190
Indo Tambangraya Megah PT 10,500 45,815
Indocement Tunggal Prakarsa Tbk PT 26,487 41,654
Indofood Sukses Makmur Tbk PT 122,905 69,325
Indosat Tbk PT 12,500 7,354
Indosat Tbk PT, ADR 20 571
International Nickel Indonesia Tbk PT 60,000 20,088
Perusahaan Gas Negara Tbk PT 200,985 59,800
PT Telekomunikiasi Indonesia Tbk PT, ADR 179 5,920
Semen Gresik Persero Tbk PT 44,140 41,294
Tambang Batubara Bukit Asam Tbk PT 46,500 87,040
Telekomunikasi Indonesia Tbk PT 213,000 182,739
Unilever Indonesia Tbk PT 23,500 43,597
United Tractors Tbk PT 47,796 116,461
 
    1,775,797
Ireland - 0.50%    
Anglo Irish Bank Corp. PLC (I) 23,067 0
Bank of Ireland (I) 2,500 257
C&C Group PLC 249 939
CRH PLC 17,038 262,790
CRH PLC (London Exchange) 247 3,854
Elan Corp. PLC (I) 762 8,071
Elan Corp. PLC - European    
Composite Exchange (I) 7,867 84,002
Experian PLC 19,334 217,512
Greencore Group PLC 26 22
James Hardie Industries, Ltd. (I) 8,535 46,554
Kerry Group PLC 2,460 86,126
Paddy Power PLC - London Exchange 51 2,637
Ryanair Holdings PLC, ADR (I) 1,736 44,702
Shire PLC 10,853 338,417
WPP PLC 24,292 224,024
 
    1,319,907
Israel - 0.46%    
Bank Hapoalim, Ltd. 19,001 65,966

 

209

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Israel (continued)    
Bank Leumi Le-Israel, Ltd. 31,056 $ 96,016
Bezek Israeli Telecommunications Corp., Ltd. 32,666 61,240
Cellcom Israel, Ltd. 1,142 23,323
Delek Group, Ltd. 54 8,248
Elbit Systems, Ltd. 366 14,280
Harel Insurance Investments, Ltd. 238 9,308
Israel Chemicals, Ltd. 8,478 96,719
Israel Corp., Ltd. 35 22,628
Israel Discount Bank, Ltd. (I) 8,168 11,971
Makhteshim-Agan Industries, Ltd. 3,701 20,243
Migdal Insurance Holdings, Ltd. 8,348 10,642
Mizrahi Tefahot Bank, Ltd. 1,983 16,339
Nice Systems, Ltd. (I) 1,180 35,278
Partner Communications Company, Ltd. 1,256 11,975
Teva Pharmaceutical Industries, Ltd. 19,344 716,242
 
    1,220,418
Italy - 1.50%    
A2A SpA 34,264 42,620
Assicurazioni Generali SpA 22,151 349,909
Autogrill SpA 1,665 16,734
Autostrade SpA 4,987 71,523
Banca Carige SpA (L) 12,592 24,397
Banca Intesa SpA 25,099 32,157
Banca Monte dei Paschi di Siena SpA 47,648 26,513
Banche Popolari Unite SpA 12,158 44,893
Banco Popolare Societa Cooperativa 39,948 65,790
Beni Stabili SpA 3,030 1,570
BGP Holdings PLC 141,174 0
Enel SpA 126,189 558,306
Eni SpA 46,211 811,947
Exor SpA 1,998 38,986
Fiat Industrial SpA (I) 13,990 104,314
Fiat SpA 17,022 91,996
Finmeccanica SpA 9,840 67,921
Intesa Sanpaolo SpA 191,452 299,146
Luxottica Group SpA 2,689 68,122
Mediaset SpA 14,911 46,815
Mediobanca SpA 9,986 78,647
Pirelli & Company SpA 6,945 49,284
Prelios SpA (I) 6,945 1,928
Prysmian SpA 4,754 62,355
Saipem SpA 4,930 172,860
Snam Rete Gas SpA 30,722 141,817
Telecom Italia SpA 199,534 216,664
Telecom Italia SpA, RSP 107,760 104,692
Terna Rete Elettrica Nazionale SpA 21,032 78,016
UniCredit SpA 256,995 273,487
 
    3,943,409
Japan - 15.03%    
ABC-MART, Inc. 700 26,878
Advantest Corp. 3,180 34,288
AEON Company, Ltd. 12,304 166,088
AEON Credit Service Company, Ltd. 877 13,452
Aeon Mall Company, Ltd. 1,100 25,011
Air Water, Inc. 3,000 37,023
Aisin Seiki Company, Ltd. 3,979 132,194
Ajinomoto Company, Inc. 13,305 157,351
Alfresa Holdings Corp. 424 17,744
All Nippon Airways Company, Ltd. 13,715 42,862
Amada Company, Ltd. 4,829 31,462
Aozora Bank, Ltd. 6,000 13,753
Asahi Breweries, Ltd. 7,001 148,257
Asahi Glass Company, Ltd. 20,191 196,860

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Asahi Kasei Corp. 22,963 $ 137,820
Asics Corp. 3,000 40,684
Astellas Pharma, Inc. 8,369 315,724
Bank of Kyoto, Ltd. 5,000 44,472
Benesse Holdings, Inc. 1,354 59,650
Bridgestone Corp. 12,153 275,562
Brother Industries, Ltd. 3,200 37,507
Canon, Inc. 21,274 963,118
Casio Computer Company, Ltd. 3,933 24,900
Central Japan Railway Company, Ltd. 30 261,392
Chiba Bank, Ltd. 15,896 110,000
Chiyoda Corp. 4,000 39,050
Chubu Electric Power Company, Inc. 13,777 259,066
Chugai Pharmaceutical Company, Ltd. 4,616 78,221
Chugoku Bank, Ltd. 3,000 44,168
Chugoku Electric Power Company, Inc. 5,000 88,109
Chuo Mitsui Trust Holdings, Inc. 57,010 188,464
Citizen Watch Company, Ltd. 5,835 29,079
Coca-Cola West Japan Company, Ltd. 1,077 20,629
Cosmo Oil Company, Ltd. 8,000 19,839
Credit Saison Company, Ltd. 3,291 63,333
Dai Nippon Printing Company, Ltd. 10,953 113,275
Daicel Chemical Industries, Ltd. 7,534 42,819
Daido Steel Company, Ltd. 4,000 23,804
Daihatsu Motor Company, Ltd. 4,000 72,309
Daiichi Sankyo Company, Ltd. 13,372 278,432
Daikin Industries, Ltd. 4,815 137,739
Dainippon Sumitomo Pharma Company, Ltd. 1,900 20,908
Daito Trust Construction Company, Ltd. 1,319 120,945
Daiwa House Industry Company, Ltd. 9,715 125,033
Daiwa Securities Group, Inc. 33,251 124,071
Dena Company, Ltd. 1,200 50,202
Denki Kagaku Kogyo Kabushiki Kaisha 10,477 39,841
Denso Corp. 9,122 292,377
Dentsu, Inc. 3,400 107,529
East Japan Railway Company 6,400 388,605
Eisai Company, Ltd. 4,652 187,491
Electric Power Development Company, Ltd. 2,200 64,830
Elpida Memory, Inc. (I) 4,400 27,543
FamilyMart Company, Ltd. 1,060 40,489
FANUC Corp. 3,679 506,520
Fast Retailing Company, Ltd. 1,066 190,882
Fuji Electric Company, Ltd. 4,420 11,411
Fuji Heavy Industries, Ltd. 11,000 64,256
FUJIFILM Holdings Corp. 8,667 201,164
Fujitsu, Ltd. 34,621 163,095
Fukuoka Financial Group, Inc. 13,000 54,409
Furukawa Electric Company, Ltd. 9,362 25,440
Gree, Inc. 1,900 56,998
GS Yuasa Corp. 7,000 32,679
Gunma Bank 6,477 36,063
Hakuhodo DY Holdings, Inc. 260 15,084
Hino Motors, Ltd. 4,886 29,041
Hirose Electric Company, Ltd. 583 54,178
Hisamitsu Pharmaceutical Company, Inc. 1,200 57,627
Hitachi Chemical, Ltd. 1,184 19,453
Hitachi Construction    
Machinery Company, Ltd. 1,943 32,464
Hitachi High-Technologies Corp. 900 18,010
Hitachi Metals, Ltd. 2,000 22,937
Hitachi, Ltd. 86,118 428,328
Hokkaido Electric Power Company, Inc. 4,068 59,891
Hokuhoku Financial Group, Inc. 26,134 56,949
Hokuriku Electric Power Company 3,700 68,538
Honda Motor Company, Ltd. 30,662 899,009

 

210

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Hoya Corp. 7,892 $ 181,876
Ibiden Company, Ltd. 2,600 54,607
Idemitsu Kosan Company, Ltd. 400 35,862
Inpex Corp. 41 252,659
Isetan Mitsukoshi Holdings, Ltd. 6,443 65,021
Ishikawajima-Harima Heavy    
Industries Company, Ltd. 19,134 42,227
Isuzu Motors, Ltd. 19,000 81,351
ITOCHU Corp. 28,102 268,405
Itochu Techno-Science Corp. 548 24,659
Iyo Bank, Ltd. 5,000 50,931
J Front Retailing Company, Ltd. 9,000 42,756
Japan Petroleum Exploration Company, Ltd. 600 21,848
Japan Prime Realty Investment Corp. 8 20,465
Japan Real Estate Investment Corp. 8 78,039
Japan Retail Fund Investment Corp. 20 32,196
Japan Tobacco, Inc. 84 391,900
JFE Holdings, Inc. 8,462 170,643
JGC Corp. 3,886 95,419
Joyo Bank, Ltd. 13,953 64,854
JS Group Corp. 5,216 146,103
JSR Corp. 3,633 62,449
Jupiter Telecommunications Company, Ltd. 32 34,406
JX Holdings, Inc. 41,911 235,230
Kajima Corp. 13,191 43,401
Kamigumi Company, Ltd. 5,534 49,480
Kaneka Corp. 5,829 32,886
Kansai Electric Power Company, Ltd. 13,878 238,646
Kansai Paint Company, Ltd. 2,238 21,429
Kao Corp. 10,062 279,890
Kawasaki Heavy Industries, Ltd. 28,963 73,715
Kawasaki Kisen Kaisha, Ltd. 17,067 35,456
KDDI Corp. 55 377,745
Keihin Electric Express    
Railway Company, Ltd. 7,067 65,218
Keio Corp. 11,715 83,756
Keisei Electric Railway Company, Ltd. 5,000 33,928
Keyence Corp. 747 204,532
Kikkoman Corp. 2,238 25,547
Kinden Corp. 591 5,092
Kintetsu Corp. (L) 31,792 119,645
Kirin Holdings Company, Ltd. 15,896 207,522
Kobe Steel, Ltd. 48,517 81,243
Koito Manufacturing Company, Ltd. 2,000 31,490
Komatsu, Ltd. 18,030 389,343
Konami Corp. 1,043 35,019
Konica Minolta Holdings, Inc. 9,891 67,760
Koyo Seiko Company, Ltd. 3,143 37,536
Kubota Corp. 21,782 174,043
Kuraray Company, Ltd. 5,900 80,434
Kurita Water Industries, Ltd. 1,819 50,879
Kyocera Corp. 3,038 253,780
Kyowa Hakko Kogyo Company, Ltd. 5,611 62,475
Kyushu Electric Power Company, Inc. 7,831 126,177
Lawson, Inc. 1,231 69,577
Mabuchi Motor Company, Ltd. 518 23,939
Makita Corp. 1,943 69,207
Marubeni Corp. 30,202 168,895
Marui Company, Ltd. 5,264 39,556
Maruichi Steel Tube, Ltd. 1,200 28,265
Matsushita Electric Industrial Company, Ltd. 40,993 396,204
Mazda Motor Corp. (I)(L) 26,000 52,342
McDonald’s Holdings Company, Ltd. 1,600 42,523
Mediceo Holdings Company, Ltd. 2,590 26,174
MEIJI Holdings Company, Ltd. 1,300 61,576

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Minebea Company, Ltd. 4,477 $ 15,025
Miraca Holdings, Inc. 1,200 52,753
Mitsubishi Chemical Holdings Corp. 25,000 169,150
Mitsubishi Corp. 25,956 528,586
Mitsubishi Electric Corp. 36,973 327,448
Mitsubishi Estate Company, Ltd. 23,782 384,892
Mitsubishi Gas & Chemicals Company, Inc. 5,829 35,836
Mitsubishi Heavy Industries, Ltd. 55,937 235,227
Mitsubishi Logistics Corp. 1,943 20,915
Mitsubishi Materials Corp. 24,020 58,475
Mitsubishi Motors Corp. (I) 66,000 87,186
Mitsubishi Tanabe Pharma Corp. 4,000 74,151
Mitsubishi UFJ Financial Group 239,200 1,075,101
Mitsubishi UFJ Lease &    
Finance Company, Ltd. 1,300 51,923
Mitsui & Company, Ltd. 33,111 479,250
Mitsui Chemicals, Inc. 12,010 40,019
Mitsui Engineering &    
Shipbuilding Company, Ltd. 15,362 25,738
Mitsui Fudosan Company, Ltd. 16,248 257,160
Mitsui O.S.K. Lines, Ltd. 23,487 90,015
Mizuho Financial Group, Inc. 412,400 595,645
MS&AD Insurance Group Holdings 11,300 244,913
Murata Manufacturing Company, Ltd. 3,804 205,240
Namco Bandai Holdings, Inc. 3,132 42,312
NEC Corp. (I) 48,383 98,284
NGK Insulators Ltd 4,829 72,724
NGK Spark Plug Company, Ltd. 3,238 43,837
NHK Spring Company, Ltd. 1,000 8,821
Nidec Corp. 2,114 170,059
Nikon Corp. 6,781 159,338
Nintendo Company, Ltd. 1,908 277,916
Nippon Building Fund, Inc. 11 113,703
Nippon Electric Glass Company, Ltd. 8,000 72,481
Nippon Express Company, Ltd. 18,191 77,478
Nippon Meat Packers, Inc. 3,238 42,059
Nippon Paper Group, Inc. 1,800 47,859
Nippon Sheet Glass Company, Ltd. 10,829 24,187
Nippon Steel Corp. 95,464 273,257
Nippon Telegraph & Telephone Corp. 9,100 437,352
Nippon Yusen Kabushiki Kaisha 32,077 86,596
Nishi-Nippon City Bank, Ltd. 9,000 27,645
Nissan Motor Company, Ltd. 47,210 417,207
Nisshin Seifun Group, Inc. 2,886 37,653
Nisshin Steel Company 12,953 23,145
Nissin Food Products Company, Ltd. 1,284 51,735
Nitori Holdings Company, Ltd. 632 63,585
Nitto Denko Corp. 2,968 116,919
NKSJ Holdings, Inc. 7,500 165,688
NOK Corp. 1,508 27,116
Nomura Holdings, Inc. 66,393 241,930
Nomura Real Estate Holdings, Inc. 600 9,049
Nomura Real Estate Office Fund, Inc. 5 30,470
Nomura Research Institute, Ltd. 1,889 42,939
NSK, Ltd. 7,715 56,627
NTN Corp. 6,772 31,745
NTT Data Corp. 24 74,047
NTT DoCoMo, Inc. 292 532,287
NTT Urban Development Corp. 22 15,970
Obayashi Corp. 11,362 56,312
Odakyu Electric Railway Company, Ltd. 13,305 126,426
OJI Paper Company, Ltd. 18,191 99,854
Olympus Corp. 4,534 139,960
Omron Corp. 3,839 75,192
Ono Pharmaceutical Company, Ltd. 1,700 101,230

 

211

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Oracle Corp. Japan 548 $ 19,276
Oriental Land Company, Ltd. 1,007 107,458
ORIX Corp. 1,914 149,158
Osaka Gas Company, Ltd. 35,155 146,129
Otsuka Corp. 200 13,770
Otsuka Holdings Company, Ltd. 4,900 134,006
Rakuten, Inc. 140 163,487
Resona Holdings, Inc. 36,500 172,816
Ricoh Company, Ltd. 11,601 97,054
Rinnai Corp. 748 62,521
Rohm Company, Ltd. 2,073 107,742
Sankyo Company, Ltd. 1,107 59,720
Santen Pharmaceutical Company, Ltd. 1,200 50,151
SBI Holdings, Inc. 263 22,718
Secom Company, Ltd. 4,110 197,603
SEGA SAMMY HOLDINGS, INC. 3,308 77,263
Seiko Epson Corp. 2,178 27,601
Sekisui Chemical Company, Ltd. 6,772 56,838
Sekisui House, Ltd. 11,362 107,087
Seven & I Holdings Company, Ltd. 14,219 399,156
Seven Bank, Ltd. 9 17,517
Sharp Corp. 17,782 149,298
Shikoku Electric Power Company, Inc. 3,900 107,275
Shimadzu Corp. 4,000 33,692
Shimamura Company, Ltd. 324 33,957
Shimano, Inc. 1,231 65,098
Shimizu Corp. 12,305 54,234
Shin-Etsu Chemical Company, Ltd. 7,789 381,900
Shinsei Bank, Ltd. 29,906 33,580
Shionogi & Company, Ltd. 5,777 85,499
Shiseido Company, Ltd. 6,977 135,128
Shizuoka Bank, Ltd. 12,658 132,447
Showa Denko KK 23,839 46,937
Showa Shell Sekiyu KK 3,045 21,696
SMC Corp. 936 136,680
Softbank Corp. 16,512 483,354
Sojitz Corp. 26,509 48,438
Sony Corp. 19,058 365,748
Sony Financial Holdings, Inc. 3,600 54,442
Square Enix Company, Ltd. 1,400 25,160
Stanley Electric Company, Ltd. 2,692 40,662
Sumco Corp. (I) 1,600 14,951
Sumitomo Chemical Company, Ltd. 28,554 109,822
Sumitomo Corp. 21,034 260,073
Sumitomo Electric Industries, Ltd. 14,901 174,358
Sumitomo Heavy Industries, Ltd. 12,010 61,589
Sumitomo Metal Industries, Ltd. 61,423 127,198
Sumitomo Metal Mining Company, Ltd. 10,715 142,028
Sumitomo Mitsui Financial Group 25,700 725,308
Sumitomo Realty &    
Development Company, Ltd. 7,124 136,893
Sumitomo Rubber Industries, Inc. 4,000 51,176
Suruga Bank, Ltd. 3,886 37,785
Suzuken Company, Ltd. 1,177 31,592
Suzuki Motor Corp. 6,700 147,384
Sysmex Corp. 1,600 57,472
T&D Holdings, Inc. 11,418 107,465
Taisei Corp. 20,134 55,533
Taisho Pharmaceuticals Company, Ltd. 2,238 54,956
Taiyo Nippon Sanso Corp. 5,181 36,002
Takashimaya Company, Ltd. 5,181 37,688
Takeda Pharmaceutical Company, Ltd. 15,051 714,620
TDK Corp. 2,532 88,113
Teijin, Ltd. 15,896 57,002
Terumo Corp. 3,097 161,079

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
The 77th Bank, Ltd. 7,477 $ 33,747
The Bank of Yokohama, Ltd. 21,316 106,791
The Dai-ichi Life Insurance Company, Ltd. 167 172,536
The Hachijuni Bank, Ltd. 7,000 42,854
The Hiroshima Bank, Ltd. 9,000 44,492
The Japan Steel Works, Ltd. 7,000 41,727
The Tokyo Electric Power Company, Inc. (I) 27,633 84,786
THK Company, Ltd. 2,519 42,026
Tobu Railway Company, Ltd. 20,248 95,405
Toho Company, Ltd. 2,267 39,592
Toho Gas Company, Ltd. 8,000 52,520
Tohoku Electric Power Company, Inc. 9,020 124,865
Tokio Marine Holdings, Inc. 13,700 347,275
Tokyo Electron, Ltd. 3,168 143,507
Tokyo Gas Company, Ltd. 47,165 219,696
Tokyu Corp. 24,134 121,168
Tokyu Land Corp. 6,829 24,525
TonenGeneral Sekiyu KK 5,829 66,850
Toppan Printing Company, Ltd. 12,010 87,507
Toray Industries, Inc. 28,611 200,502
Toshiba Corp. 76,289 311,086
Tosoh Corp. 6,772 21,159
Toto, Ltd. 3,829 33,826
Toyo Seikan Kaisha, Ltd. 2,791 42,269
Toyo Suisan Kaisha, Ltd. 1,295 35,487
Toyoda Gosei Company, Ltd. 1,166 22,065
Toyota Boshoku Corp. 700 10,015
Toyota Industries Corp. 3,110 90,457
Toyota Motor Corp. 51,853 1,772,566
Toyota Tsusho Corp. 3,600 61,512
Trend Micro, Inc. 2,267 70,762
Tsumura & Company, Ltd. 1,300 41,428
Ube Industries, Ltd. 18,963 62,874
Unicharm Corp. 2,242 107,613
Ushio, Inc. 1,943 29,514
USS Company, Ltd. 457 38,873
West Japan Railway Company, Ltd. 3,300 141,519
Yahoo! Japan Corp. 301 93,515
Yakult Honsha Company, Ltd. 1,743 54,228
Yamada Denki Company, Ltd. 1,464 102,213
Yamaguchi Financial Group, Inc. 4,000 40,339
Yamaha Corp. 2,474 26,703
Yamaha Motor Company, Ltd. (I) 5,909 77,389
Yamato Kogyo Company, Ltd. 300 7,847
Yamato Transport Company, Ltd. 7,720 140,506
Yamazaki Baking Company, Ltd. 1,591 24,153
Yaskawa Electric Corp. 4,000 30,172
Yokogawa Electric Corp. (I) 2,586 24,372
 
    39,515,767
Jersey, C.I. - 0.07%    
Randgold Resources, Ltd. 1,788 174,010
Luxembourg - 0.28%    
APERAM 912 13,186
ArcelorMittal 16,336 260,903
Millicom International Cellular SA 1,371 137,303
Reinet Investments SCA (I) 2,087 32,607
Reinet Investments SCA, ADR (I) 7,937 12,585
SES SA 5,966 144,865
Tenaris SA 10,162 129,091
 
    730,540
Macau - 0.06%    
Sands China, Ltd. (I) 46,400 106,719

 

212

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Macau (continued)    
Wynn Macau, Ltd. 26,443 $ 60,765
    167,484
Malaysia - 0.77%    
AirAsia BHD 21,700 19,758
Alliance Financial Group BHD 52,400 53,598
AMMB Holdings BHD 30,887 55,002
Asiatic Development BHD 15,000 32,622
Axiata Group BHD 41,100 58,743
Berjaya Corp. BHD (Kuala Lumpur Exchange) 35,700 11,179
Berjaya Sports Toto BHD 11,035 14,618
British American Tobacco Malaysia BHD 4,800 67,015
Bursa Malaysia BHD 8,000 15,214
CIMB Group Holdings BHD 84,100 182,402
DiGi.Com BHD 5,800 55,150
Gamuda BHD 24,200 21,614
Genting BHD 44,700 126,519
Guinness Anchor BHD 3,700 11,465
Hong Leong Bank BHD 6,800 21,632
Hong Leong Credit BHD 5,600 19,018
IJM Corp. BHD 16,910 25,652
IJM Land BHD 1,395 826
IOI Corp. BHD 77,466 111,911
KNM Group BHD 29,287 10,867
Kuala Lumpur Kepong BHD 8,250 53,815
Lafarge Malayan Cement BHD 9,360 19,138
Malayan Banking BHD 80,319 197,785
MISC BHD 26,280 48,029
MMC Corp. BHD 3,800 3,049
Parkson Holdings BHD 20,197 35,718
Petronas Chemicals Group BHD 41,700 71,938
Petronas Dagangan BHD 6,600 32,896
Petronas Gas BHD 8,100 32,794
PLUS Expressways BHD 24,600 33,184
PPB Group BHD 7,300 37,823
Public Bank BHD 1,526 5,813
Public Bank BHD - Foreign Market 21,000 80,947
Resorts World BHD 54,500 59,242
RHB Capital BHD 6,955 15,178
Sime Darby BHD 50,801 132,162
SP Setia BHD 15,900 19,256
Telekom Malaysia BHD 15,700 19,786
Tenaga Nasional BHD 32,250 51,960
UEM Land Holdings BHD (I) 36,187 19,526
UMW Holdings BHD 24,700 52,289
YTL Corp. BHD 72,930 30,105
YTL Power International BHD 82,365 43,579
 
    2,010,817
Mauritius - 0.01%    
Essar Energy PLC (I) 6,906 26,769
Mexico - 1.05%    
Alfa SAB de CV 5,936 60,993
America Movil SAB de CV, Series L 749,388 827,283
Cemex SAB de CV (I) 183,682 58,409
Coca-Cola Femsa SAB de CV, Series L 5,059 44,869
Fomento Economico Mexicano SA de CV 38,465 249,621
Fresnillo PLC 3,468 85,337
Grupo Aeroportuario del Pacifico SA    
de CV, Series B 8,500 28,469
Grupo Bimbo SA de CV 37,152 68,579
Grupo Carso SAB de CV 15,484 35,951
Grupo Elektra SA de CV 1,800 136,933
Grupo Financiero Banorte SAB de CV 35,109 103,769
Grupo Financiero Inbursa SA 34,682 57,993

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Mexico (continued)    
Grupo Mexico SAB de CV, Series B 75,944 $ 179,614
Grupo Modelo SA 10,408 58,823
Grupo Televisa SA 42,743 156,783
Industrias Penoles SAB de CV 2,050 75,279
Kimberly-Clark de Mexico SAB de CV 8,426 42,985
Mexichem SAB de CV 16,491 49,586
Minera Frisco SAB de CV, Class A1 (I) 15,484 52,810
Telefonos de Mexico SA de CV 107,820 80,777
Urbi Desarrollos Urbanos SAB de CV (I) 17,600 23,719
Wal-Mart de Mexico SAB de CV 117,630 269,723
 
    2,748,305
Netherlands - 3.18%    
Aegon NV (I) 34,800 140,296
Akzo Nobel NV 4,338 191,774
ASML Holding NV 8,082 280,835
Corio NV 1,373 63,185
Delta Lloyd NV 1,905 30,089
European Aeronautic Defence &    
Space Company 8,124 227,923
Fugro NV 1,313 66,483
Heineken Holding NV 2,157 83,205
Heineken NV 5,191 231,983
ING Groep NV (I) 73,466 517,055
Koninklijke (Royal) KPN NV 29,785 392,106
Koninklijke Ahold NV 22,321 262,454
Koninklijke Boskalis Westinster NV 1,130 34,764
Koninklijke DSM NV 2,864 124,516
Koninklijke Philips Electronics NV 18,724 335,173
Koninklijke Vopak NV 1,450 69,468
PostNL NV 5,670 24,829
QIAGEN NV (I) 5,180 71,535
Randstad Holdings NV 2,069 66,001
Reed Elsevier NV 13,543 148,096
Royal Dutch Shell PLC (London    
Stock Exchange) 71,156 2,206,927
Royal Dutch Shell PLC, B Shares 52,060 1,616,973
SBM Offshore NV 2,842 49,284
TNT Express NV 5,933 40,937
Unilever NV 31,604 1,001,025
Wolters Kluwer NV 5,659 91,642
 
    8,368,558
New Zealand - 0.08%    
Auckland International Airport, Ltd. 11,718 20,356
Contact Energy, Ltd. (I) 4,753 19,637
Fletcher Building, Ltd. (New    
Zealand Exchange) 15,433 89,671
Sky City Entertainment Group, Ltd. 6,676 16,805
Telecom Corp. of New Zealand, Ltd. 31,592 62,472
 
    208,941
Norway - 0.51%    
Aker Solutions ASA 3,681 35,319
BW Offshore, Ltd. 6,480 11,285
DnB NOR ASA 20,289 202,550
Gjensidige Forsikring ASA 4,167 43,138
Kvaerner ASA (I) 3,681 4,808
Norsk Hydro ASA (L) 23,981 108,954
Orkla ASA 16,158 122,936
Renewable Energy Corp. ASA (I)(L) 13,486 11,826
Statoil ASA 21,233 453,682
Telenor ASA 13,794 212,645
Yara International ASA 3,500 133,475
 
    1,340,618

 

213

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Peru - 0.21%    
Compania de Minas Buenaventura SA 3,833 $ 144,420
Credicorp SA 2,108 194,990
Credicorp, Ltd., ADR 50 4,610
Southern Peru Copper Corp. 8,121 202,700
 
    546,720
Philippines - 0.15%    
Ayala Corp. 2,827 18,627
Ayala Land, Inc. 163,200 53,995
Banco de Oro Unibank, Inc. 4,786 5,540
Bank of the Philippine Islands 44,139 56,040
Energy Development Corp. 207,938 26,725
Filinvest Land, Inc. 98,991 2,465
Globe Telecommunications, Inc. 830 16,767
Jollibee Foods Corp. 10,900 20,960
Manila Electric Company 5,957 31,467
Metropolitan Bank & Trust Company 17,121 25,567
Philippine Long Distance Telephone Company 1,120 55,913
SM Investments Corp. 4,340 51,527
SM Prime Holdings, Ltd. 136,479 37,944
 
    403,537
Poland - 0.30%    
Asseco Poland SA 2,172 26,315
Bank Handlowy w Warszawie SA 326 6,800
Bank Millennium SA 12,341 16,777
Bank Pekao SA 2,114 84,368
Boryszew SA (I) 23,796 3,097
BRE Bank SA (I) 365 26,154
Cyfrowy Polsat SA (I) 6,360 28,541
Firma Oponiarska Debica SA 64 1,053
Getin Holding SA (I) 5,247 11,399
Globe Trade Centre SA (I) 3,523 12,390
Grupa Lotos SA (I) 722 5,412
KGHM Polska Miedz SA 3,252 127,703
Polish Oil & Gas Company 27,824 33,884
Polska Grupa Energetyczna SA 7,406 43,142
Polski Koncern Naftowy Orlen SA (I) 5,652 61,797
Powszechna Kasa Oszczednosci    
Bank Polski SA 11,445 112,130
Powszechny Zaklad Ubezpieczen SA 969 91,508
Sygnity SA (I) 207 965
Telekomunikacja Polska SA 14,172 73,828
TVN SA 4,829 20,746
 
    788,009
Portugal - 0.15%    
Banco Comercial Portugues SA (I)(L) 67,687 17,561
Banco Espirito Santo SA (L) 11,295 29,908
Cimpor-Cimentos de Portugal SA 2,459 16,476
Electricidade de Portugal SA 37,846 116,238
Galp Energia SGPS SA 3,215 58,588
Jeronimo Martins SGPS SA 4,434 69,089
Portugal Telecom SGPS SA 11,970 87,283
 
    395,143
Russia - 1.32%    
Gazprom OAO, ADR 104,750 1,000,363
Gazprom OAO, ADR (London Exchange) 3,680 35,201
Lukoil OAO, ADR 15,215 763,641
Mechel, ADR 2,396 24,415
MMC Norilsk Nickel OJSC, ADR (L) 25,000 543,250
Mobile TeleSystems, ADR 9,447 116,198
NovaTek OAO, ADR 1,689 192,499
Novolipetsk Steel OJSC, ADR 976 19,988
Pharmstandard - Reg S GDR (I) 6,380 121,922

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Russia (continued)    
Sistema JSFC - Reg S GDR 1,446 $ 20,024
Surgutneftegaz, ADR (L) 20,930 166,394
Surgutneftegaz, ADR, Class B (L) 21,410 93,776
Tatneft, ADR 9,856 244,823
VTB Bank OJSC, GDR 28,849 118,545
 
    3,461,039
Singapore - 1.16%    
Ascendas Real Estate Investment Trust 35,395 54,665
Capitaland, Ltd. 63,587 118,538
CapitaMall Trust 30,552 42,426
City Developments, Ltd. 12,715 92,299
ComfortDelGro Corp., Ltd. 55,269 54,948
Cosco Corp. Singapore, Ltd. 42,000 28,869
DBS Group Holdings, Ltd. 33,871 303,646
Fraser and Neave, Ltd. 19,200 84,040
Genting Singapore PLC (I) 126,400 146,891
Golden Agri-Resources, Ltd. 210,085 96,486
Hutchison Port Holdings Trust 110,100 72,841
Jardine Cycle and Carriage, Ltd. 1,924 61,076
K-Green Trust 6,562 4,466
Keppel Corp., Ltd. 29,491 172,745
Keppel Land, Ltd. 16,705 32,638
Neptune Orient Lines, Ltd. 15,133 12,450
Olam International, Ltd. 23,293 39,712
Oversea-Chinese Banking Corp., Ltd. 51,544 317,193
SembCorp Industries, Ltd. 17,415 44,939
SembCorp Marine, Ltd. 13,706 33,526
Singapore Airlines, Ltd. 9,880 85,485
Singapore Airport Terminal Services, Ltd. 10,132 16,798
Singapore Exchange, Ltd. 16,601 83,283
Singapore Press Holdings, Ltd. 30,059 85,907
Singapore Technologies Engineering, Ltd. 39,202 83,098
Singapore Telecommunications, Ltd. 150,430 363,199
Suntec Real Estate Investment Trust 191 167
United Overseas Bank, Ltd. 25,678 330,516
UOL Group, Ltd. 7,568 23,839
Wilmar International, Ltd. 40,000 158,668
 
    3,045,354
South Africa - 1.76%    
ABSA Group, Ltd. 6,306 104,610
Adcock Ingram Holdings, Ltd. 4,907 36,491
African Bank Investments, Ltd. 13,703 55,710
African Rainbow Minerals, Ltd. 2,145 45,764
Anglo Platinum, Ltd. 1,160 79,282
AngloGold Ashanti, Ltd. 7,147 296,469
Aspen Pharmacare Holdings, Ltd. (I) 4,269 48,154
Aveng, Ltd. 7,920 33,742
Bidvest Group, Ltd. 7,302 134,572
Discovery Holdings, Ltd., ADR 9,036 44,246
FirstRand, Ltd. 59,334 143,289
Gold Fields, Ltd. 16,000 245,980
Growthpoint Properties, Ltd. 30,364 66,646
Harmony Gold Mining Company, Ltd. 7,113 83,525
Hulamin, Ltd. (I) 156 143
Impala Platinum Holdings, Ltd. 10,178 206,314
Imperial Holdings, Ltd. 5,062 65,804
Investec, Ltd. 3,621 19,719
Kumba Iron Ore, Ltd. 1,658 87,343
Kumba Resources, Ltd. 2,168 45,473
Liberty Holdings, Ltd. 3,638 35,922
Massmart Holdings, Ltd. 1,777 30,410
Mittal Steel South Africa, Ltd. 3,365 24,601
MMI Holdings, Ltd. 10,014 21,045

 

214

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Africa (continued)    
MTN Group, Ltd. 32,401 $ 530,109
Naspers, Ltd., ADR 7,296 315,821
Nedbank Group, Ltd. 3,976 67,203
Netcare, Ltd. 11,647 18,802
Northam Platinum, Ltd. 5,619 22,874
Pick’n Pay Stores, Ltd. 2,994 13,500
Pretoria Portland Cement Company, Ltd. 9,199 26,302
Redefine Income Fund, Ltd. 67,758 66,805
Remgro, Ltd. 8,783 120,247
Reunert, Ltd. 5,060 36,701
RMB Holdings, Ltd. 13,774 43,067
RMI Holdings 13,774 21,321
Sanlam, Ltd. 31,836 106,148
Sappi, Ltd. (I) 8,324 24,536
Sasol, Ltd. 10,376 424,062
Shoprite Holdings, Ltd. 8,525 119,362
Standard Bank Group, Ltd. 22,301 255,573
Steinhoff International Holdings, Ltd. (I) 26,236 72,697
Super Group, Ltd. (I) 2,898 302
Telkom SA, Ltd. 5,943 23,519
The Foschini Group, Ltd. 3,406 35,676
Tiger Brands, Ltd. 3,203 83,022
Trans Hex Group, Ltd. (I) 514 206
Truworths International, Ltd. 7,931 68,919
Vodacom Group, Ltd. 9,731 108,550
Woolworths Holdings, Ltd. 12,136 52,360
 
    4,612,938
South Korea - 3.29%    
Amorepacific Corp. 60 59,723
BS Financial Group, Inc. (I) 2,097 22,957
Cheil Industries, Inc. 840 58,190
CJ CheilJedang Corp. 120 29,359
Daelim Industrial Company, Ltd. 480 38,410
Daewoo Engineering &    
Construction Company, Ltd. (I) 6,620 50,149
Daewoo International Corp. 836 20,551
Daewoo Securities Company, Ltd. 2,350 20,341
Daewoo Shipbuilding & Marine    
Engineering Company, Ltd. 1,710 31,979
DGB Financial Group, Inc. (I) 3,940 45,692
Dongbu Insurance Company, Ltd. 990 41,694
Dongkuk Steel Mill Company, Ltd. 440 8,219
Doosan Corp. 370 41,829
Doosan Heavy Industries and    
Construction Company, Ltd. 580 27,100
Doosan Infracore Company, Ltd. (I) 4,030 60,539
E-Mart Company, Ltd. (I) 447 111,805
GS Engineering & Construction Corp. 1,110 90,223
GS Holdings Corp. 851 40,581
Hana Financial Group, Inc. 4,870 141,527
Hanjin Heavy Industries &    
Construction Company, Ltd. (I) 1,063 14,887
Hankook Tire Company, Ltd. 1,190 40,006
Hanwha Chemical Corp. 2,217 47,316
Hanwha Corp. 840 23,532
Hite Holdings Company, Ltd. 200 1,686
Honam Petrochemical Corp. 230 55,531
Hynix Semiconductor, Inc. 9,290 163,430
Hyosung Corp. 390 17,953
Hyundai Department Store Company, Ltd. 221 30,418
Hyundai Development Company 1,140 15,910
Hyundai Engineering &    
Construction Company, Ltd. 990 50,259
Hyundai Heavy Industries Company, Ltd. 920 213,256

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
South Korea (continued)    
Hyundai Mipo Dockyard Company, Ltd. 143 $ 12,330
Hyundai Mobis 1,291 366,648
Hyundai Motor Company, Ltd. 3,031 531,680
Hyundai Securities Company, Ltd. 2,435 19,195
Hyundai Steel Company 1,100 80,335
Industrial Bank of Korea 2,860 32,162
Kangwon Land, Inc. 1,500 33,893
KB Financial Group, Inc. 5,140 167,870
KB Financial Group, Inc., ADR 2,566 84,062
KCC Corp. 240 44,772
Kia Motors Corp. 3,510 209,804
Korea Electric Power Corp. (I) 3,830 67,492
Korea Electric Power Corp., ADR (I) 3,533 30,031
Korea Exchange Bank 4,620 27,123
Korea Gas Corp. 1,230 31,558
Korea Investment Holdings Company, Ltd. 600 17,243
Korea Zinc Company, Ltd. 133 32,562
Korean Air Lines Company, Ltd. 1,139 42,051
Korean Reinsurance Company, Ltd. 15 172
KT Corp. 2,633 78,616
KT Corp., ADR 1,397 20,648
KT&G Corp. 2,410 150,324
Kumho Industrial Company, Ltd. (I) 120 590
LG Chem, Ltd. 988 261,750
LG Corp. 1,990 99,199
LG Display Company, Ltd. 3,760 61,572
LG Display Company, Ltd., ADR 2,360 19,234
LG Electronics, Inc. 2,070 118,392
LG Household & Health Care, Ltd. 310 139,502
LG Innotek Company, Ltd. 210 11,169
LG Uplus Corp. 11,952 63,957
Lotte Confectionery Company, Ltd. 44 56,438
Lotte Shopping Company, Ltd. 170 56,836
LS Cable, Ltd. 870 52,594
Mirae Asset Securities Company, Ltd. 875 20,647
NCSoft Corp. 380 107,432
NHN Corp. (I) 828 156,101
OCI Company, Ltd. 240 40,890
Pacific Corp. 20 3,910
POSCO 1,242 381,856
S-Oil Corp. 850 73,798
S1 Corp. 810 36,798
Samsung C&T Corp. 2,810 163,968
Samsung Card Company, Ltd. 1,490 51,566
Samsung Electro-Mechanics Company, Ltd. 1,160 71,109
Samsung Electronics Company, Ltd. 2,132 1,493,494
Samsung Engineering Company, Ltd. 600 116,269
Samsung Fire & Marine    
Insurance Company, Ltd. 820 146,423
Samsung Heavy Industries Company, Ltd. 3,350 76,890
Samsung SDI Company, Ltd. 660 63,399
Samsung Securities Company, Ltd. 990 42,739
Samsung Techwin Company, Ltd. 677 30,830
Seoul Semiconductor Company, Ltd. 720 12,722
Shinhan Financial Group Company, Ltd. 8,575 299,871
Shinsegae Company, Ltd. 158 35,960
SK C&C Company, Ltd. 340 41,300
SK Energy Company, Ltd. 1,280 150,390
SK Holdings Company, Ltd. 719 79,952
SK Networks Company, Ltd. 3,090 27,922
SK Telecom Company, Ltd. 470 59,195
SK Telecom Company, Ltd., ADR 3,498 49,217
STX Pan Ocean Company, Ltd. 3,650 23,203
Woongjin Conway Company, Ltd. 1,930 61,064
Woori Finance Holdings Company, Ltd. 4,570 37,506

 

215

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
Woori Investment & Securities Company, Ltd. 2,910 $ 26,832
Yuhan Corp. 350 31,125
 
    8,651,234
Spain - 2.37%    
Abertis Infraestructuras SA 7,764 119,304
Acciona SA 749 63,227
Acerinox SA 1,561 17,553
ACS Actividades de Construccion    
y Servicios SA 2,925 103,206
Amadeus IT Holding SA, A Shares 3,903 62,654
Banco Bilbao Vizcaya Argentaria SA 91,953 749,242
Banco de Sabadell SA (L) 23,481 84,101
Banco de Valencia SA (I)(L) 54 56
Banco Popular Espanol SA (L) 19,326 88,988
Banco Santander SA 163,003 1,332,556
Bankia Saubankia Sau (I) 16,798 82,108
Bankinter SA (L) 6,867 37,402
CaixaBank 15,741 69,418
Distribuidora Internacional    
De Alimentacion SA (I) 10,956 43,145
EDP Renovaveis SA (I) 3,867 21,104
Enagas SA 3,245 59,759
Ferrovial SA 6,635 75,793
Fomento de Construcciones    
y Contratas SA (L) 432 10,676
Gas Natural SDG SA 5,987 102,047
Grifols SA (I) 1,776 33,222
Iberdrola SA 80,943 547,779
Inditex SA 4,113 352,228
Indra Sistemas SA 1,823 26,244
Mapfre SA 15,725 48,574
Mediaset Espana Comunicacion SA 3,129 17,766
Red Electrica De Espana 2,044 93,277
Repsol YPF SA 15,525 409,051
Telefonica SA 79,334 1,520,936
Zardoya Otis SA 4,155 52,985
Zeltia SA (I) 175 358
 
    6,224,759
Sweden - 1.80%    
Alfa Laval AB 4,804 75,421
Assa Abloy AB, Series B 5,647 116,254
Atlas Copco AB, Series A 14,141 249,795
Atlas Copco AB, Series B 8,309 130,350
Boliden AB 6,000 61,894
CDON Group AB (I) 1,128 4,120
Electrolux AB 5,064 74,234
Getinge AB, Series B 2,912 63,478
Hennes & Mauritz AB, B Shares 19,548 583,921
Holmen AB, Series B 371 9,207
Husqvarna AB, B Shares 6,017 24,291
Investor AB, B Shares 8,347 146,513
Kinnevik Investment AB 3,496 64,781
Loomis AB 1,539 18,008
Modern Times Group AB, B Shares 1,128 45,036
Nordea Bank AB 50,017 404,151
Ratos AB 3,992 45,908
Sandvik AB 21,292 244,585
Scania AB, Series B 4,952 70,601
Securitas AB, Series B 3,499 25,506
Skandinaviska Enskilda Banken AB, Series A 26,041 140,011
Skanska AB, Series B 9,559 132,137
SKF AB, B Shares 8,152 153,633
SSAB AB, Series A 2,022 14,964

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Sweden (continued)    
Svenska Cellulosa AB 10,381 $ 126,217
Svenska Handelsbanken AB, Series A 9,144 232,461
Swedbank AB, Class A 16,866 185,853
Swedish Match AB 4,653 153,964
Tele2 AB, Series B 3,680 67,292
Telefonaktiebolaget LM Ericsson, B Shares 57,711 552,965
Teliasonera AB 40,546 267,544
Volvo AB, Series B 26,104 255,212
 
    4,740,307
Switzerland - 6.16%    
ABB, Ltd. (I) 42,403 724,146
Actelion, Ltd. (I) 2,203 73,290
Adecco SA (I) 2,684 105,247
Aryzta AG 1,799 77,924
Baloise Holding AG 1,076 78,636
Cie Financiere Richemont SA 9,960 442,132
Credit Suisse Group AG (I) 23,199 601,995
GAM Holding, Ltd. (I) 4,378 54,717
Geberit AG (I) 867 159,385
Givaudan AG (I) 182 142,183
Glencore International PLC (L) 17,309 107,130
Holcim, Ltd. (I) 4,745 250,855
Julius Baer Group, Ltd. (I) 4,600 153,293
Kuehne & Nagel International AG 1,176 131,544
Lindt & Spruengli AG 18 52,390
Lindt & Spruengli AG - REG 3 103,647
Lonza Group AG (I) 971 58,285
Nestle SA 67,146 3,691,037
Novartis AG 45,162 2,520,471
Pargesa Holding SA, ADR 557 38,070
Roche Holdings AG 13,584 2,185,417
Schindler Holding AG 1,052 112,640
Schindler Holding AG - REG 494 53,866
SGS SA 120 181,989
Sika AG 46 81,326
Sonova Holding AG (I) 1,149 103,684
STMicroelectronics NV 12,348 80,683
Straumann Holding AG 186 29,080
Sulzer AG 500 51,186
Swiss Life Holding (I) 652 71,266
Swiss Re, Ltd. (I) 6,812 317,044
Swisscom AG 511 207,634
Syngenta AG (I) 1,805 467,602
The Swatch Group AG 919 54,922
The Swatch Group AG, BR Shares 687 225,142
Transocean, Ltd. 6,746 324,526
UBS AG (Swiss Exchange) (I) 70,095 797,910
Wolseley PLC 6,331 157,599
Xstrata PLC 39,790 499,024
Zurich Financial Services AG (I) 2,989 618,801
 
    16,187,718
Taiwan - 2.27%    
Acer, Inc. 53,424 64,791
Advanced Semiconductor Engineering, Inc. 101,707 86,723
Advantech Company, Ltd. 1,811 4,764
Asia Cement Corp. 34,401 35,407
Asia Optical Company, Inc. (I) 79 85
Asustek Computer, Inc. 14,952 111,667
AU Optronics Corp. 163,827 65,347
Catcher Technology Company, Ltd. 8,184 46,943
Cathay Financial Holdings Company, Ltd. 137,462 155,827
Chang Hwa Commercial Bank, Ltd. 74,120 42,126
Cheng Shin Rubber Industry Company, Ltd. 18,902 39,153

 

216

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Cheng UEI Precision Industry Company, Ltd. 6,881 $ 14,952
Chimei Innolux Corp. (I) 88,017 35,109
China Airlines, Ltd. 24,472 11,988
China Development Financial Holdings Corp. 176,441 50,872
China Motor Company, Ltd. 65 55
China Steel Corp. 234,324 227,746
Chinatrust Financial Holding Company, Ltd. 205,704 116,997
Chunghwa Picture Tubes, Ltd. (I) 64,630 4,820
Chunghwa Telecom Company, Ltd. 84,148 280,014
CMC Magnetics Corp. (I) 18,000 3,300
Compal Communications, Inc. 512 595
Compal Electronics, Inc. 79,764 72,581
D-Link Corp. 361 264
Delta Electronics, Inc. 32,331 75,672
E.Sun Financial Holding Company, Ltd. 47,756 23,303
Epistar Corp. 10,064 17,532
Eternal Chemical Company, Ltd. 4,064 3,088
EVA Airways Corp. 23,623 15,460
Evergreen Marine Corp. 8,799 4,432
Everlight Electronics Company, Ltd. 6,535 11,110
Far Eastern Department Stores Company, Ltd. 18,800 24,383
Far Eastern New Century Corp. 59,354 60,463
Far EasTone    
Telecommunications Company, Ltd. 16,159 23,875
First Financial Holding Company, Ltd. 102,577 65,671
Formosa Chemicals & Fibre Corp. 59,740 153,944
Formosa Petrochemical Corp. 24,720 67,574
Formosa Plastics Corp. 85,160 225,151
Formosa Taffeta Company, Ltd. 5,000 4,495
Foxconn Technology Company, Ltd. 13,139 41,772
Fubon Financial Holding Company, Ltd. 105,828 109,524
HannStar Display Corp. (I) 58,031 3,646
Hon Hai Precision Industry Company, Ltd. 188,166 420,048
HTC Corp. 15,997 351,439
Hua Nan Financial Holdings Company, Ltd. 63,074 37,732
Inotera Memories, Inc. (I) 428 91
Inventec Appliances Corp. 813 466
Inventec Company, Ltd. 23,659 8,342
KGI Securities Company, Ltd. 30,594 10,494
Kinsus Interconnect Technology Corp. 1,035 3,339
Largan Precision Company, Ltd. 1,143 26,391
Lite-On Technology Corp. 38,653 35,044
Macronix International Company, Ltd. 47,677 16,145
MediaTek, Inc. 20,340 221,616
Mega Financial Holding Company, Ltd. 174,420 119,918
Mitac International Corp. 2,814 1,013
Mosel Vitelic, Inc. (I) 428 66
Motech Industries, Inc. 5,012 7,963
Nan Ya Plastics Corp. 111,240 239,467
Nan Ya Printed Circuit Board Corp. 1,188 3,195
Nanya Technology Corp. (I) 26,017 3,227
Novatek Microelectronics Corp., Ltd. 7,361 16,895
Pan-International Industrial 324 305
Pegatron Corp. 32,989 30,389
Polaris Securities Company, Ltd. 29,282 19,252
Pou Chen Corp. 36,641 26,306
Powerchip Semiconductor Corp. (I) 64,457 3,616
Powertech Technology, Inc. 13,149 27,984
President Chain Store Corp. 7,496 42,233
Qisda Corp. 16,368 4,322
Quanta Computer, Inc. 39,771 76,281
Realtek Semiconductor Corp. 5,882 9,816
Richtek Technology Corp. 2,425 11,240
Shin Kong Financial    
Holding Company, Ltd. (I) 95,063 27,888

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Taiwan (continued)    
Siliconware Precision Industries Company 54,855 $ 53,892
SinoPac Holdings Company, Ltd. 101,171 32,386
Synnex Technology International Corp. 23,741 51,315
Taishin Financial Holdings Company, Ltd. 64,223 24,608
Taiwan Cement Corp. 60,781 64,415
Taiwan Cooperative Bank 41,567 24,996
Taiwan Fertilizer Company, Ltd. 13,000 31,478
Taiwan Glass Industrial Corp. 10,770 11,928
Taiwan Mobile Company, Ltd. 35,842 88,237
Taiwan Semiconductor    
Manufacturing Company, Ltd. 416,227 943,071
Tatung Company, Ltd. (I) 21,486 7,911
Teco Electric & Machinery Company, Ltd. 16,000 8,568
Transcend Information, Inc. 6,608 12,865
Tripod Technology Corp. 4,110 10,664
Tung Ho Steel Enterprise Corp. 8,132 7,245
U-Ming Marine Transport Corp. 5,000 7,264
Uni-President Enterprises Corp. 73,458 94,566
Unimicron Technology Corp. 20,604 28,880
United Microelectronics Corp. 258,313 95,009
Vanguard International Semiconductor Corp. 126 43
Wafer Works Corp. 140 112
Walsin Lihwa Corp. 28,000 8,201
Wan Hai Lines, Ltd. 5,512 2,579
Wistron Corp. 33,669 37,703
Ya Hsin Industrial Company, Ltd. (I) 22,000 0
Yang Ming Marine Transport Corp. 3,348 1,289
Yuanta Financial Holdings Company, Ltd. (I) 163,901 82,143
Yulon Motor Company, Ltd. 17,510 32,583
Zinwell Corp. 904 862
 
    5,970,557
Thailand - 0.47%    
Advanced Info Service PCL 16,600 68,355
Bangkok Bank PCL 6,300 28,185
Bangkok Bank PCL (Foreign    
Registered Shares) 14,800 69,145
Bank of Ayudhya PCL 99,000 62,579
Banpu PCL 4,100 69,195
BEC World PCL 25,900 30,620
Charoen Pokphand Foods PCL 69,900 60,152
CP ALL PCL 56,395 87,083
Electricity Generating PCL 800 2,175
Glow Energy PCL 13,200 20,064
IRPC PCL 214,900 24,197
Kasikornbank PCL 11,700 43,267
Kasikornbank PCL (Foreign Shares) 22,800 85,633
Krung Thai Bank PCL 79,500 39,386
PTT Aromatics & Refining PCL 29,486 23,335
PTT Chemical PCL 7,797 24,832
PTT Exploration & Production PCL 24,200 108,602
PTT PCL, Foreign Shares 18,200 152,228
Siam Cement PCL, Foreign Shares 5,000 49,217
Siam City Cement PCL 1,800 12,623
Siam Commercial Bank PCL 25,500 86,955
Thai Oil PCL 33,400 54,530
Total Access Communication PCL 10,000 23,806
 
    1,226,164
Turkey - 0.32%    
Adana Cimento Sanayii Turk Anonim Sirketi    
AS, Class A 685 1,489
Akbank AS 24,726 97,190
Akcansa Cimento AS 635 2,349
Aksigorta AS (I) 3,270 2,333

 

217

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Turkey (continued)    
Anadolu Efes Biracilik Ve Malt Sanayii AS 3,129 $ 36,031
Asya Katilim Bankasi AS (I) 1,627 1,691
BIM Birlesik Magazalar AS 1,275 35,077
Coca-Cola Icecek AS 502 6,816
Enka Insaat ve Sanayi AS 17,520 42,318
Eregli Demir ve Celik Fabrikalari TAS 18,543 32,288
HACI Omer Sabanci Holding AS 7,225 25,138
Is Gayrimenkul Yatirim Ortakligi AS 3,602 2,252
KOC Holdings AS 14,973 55,560
Tupras Turkiye Petrol Rafinerileri AS 2,088 43,016
Turk Telekomunikasyon AS 9,035 38,670
Turkcell Iletisim Hizmetleri AS (I) 13,561 61,503
Turkiye Garanti Bankasi AS 44,592 172,891
Turkiye Halk Bankasi AS 4,523 32,418
Turkiye Is Bankasi 31,745 81,749
Turkiye Vakiflar Bankasi Tao 22,351 44,628
Yapi ve Kredi Bankasi AS (I) 13,970 30,879
 
    846,286
Ukraine - 0.01%    
Kernel Holding SA (I) 818 15,016
United Kingdom - 12.95%    
3i Group PLC 19,182 55,800
Admiral Group PLC 4,748 93,088
Aggreko PLC 5,642 142,489
AMEC PLC 7,370 92,698
Anglo American PLC 25,589 882,453
Antofagasta PLC 8,358 118,671
ARM Holdings PLC 25,810 220,907
Associated British Foods PLC 7,931 136,025
AstraZeneca PLC 26,811 1,187,102
Autonomy Corp. PLC (I) 4,625 183,198
Aviva PLC 57,400 271,223
Babcock International Group PLC 6,504 66,112
BAE Systems PLC 64,062 264,109
Balfour Beatty PLC 12,644 49,954
Barclays PLC 223,746 549,257
BG Group PLC 65,323 1,243,900
BHP Billiton PLC 42,101 1,115,591
BP PLC 367,405 2,203,661
British American Tobacco PLC 38,539 1,633,473
British Land Company PLC 16,277 120,204
British Sky Broadcasting Group PLC 24,147 247,910
BT Group PLC 157,987 423,503
Bunzl PLC 6,738 80,030
Burberry Group PLC 9,232 167,113
Cairn Energy PLC (I) 29,660 128,543
Capital Shopping Centres Group PLC 12,534 63,675
Carnival PLC 3,504 108,427
Centrica PLC 98,032 450,647
Cobham PLC 20,632 55,963
Compass Group PLC 36,928 298,617
Diageo PLC 48,106 915,254
Enquest PLC (I) 3,012 4,204
Eurasian Natural Resources Corp. 3,860 34,377
G4S PLC 26,686 110,646
GKN PLC 29,822 80,624
GlaxoSmithKline PLC 100,246 2,069,727
Hammerson PLC 16,052 93,690
HSBC Holdings PLC 342,509 2,610,379
ICAP PLC 8,381 53,273
Imperial Tobacco Group PLC 19,444 656,634
Inmarsat PLC 10,139 77,034
Intercontinental Hotels Group PLC 5,311 86,217

 

International Equity Index Trust B (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
International Consolidated    
Airlines Group SA (I) 16,420 $ 38,661
International Personal Finance PLC 84 290
International Power PLC 32,378 153,380
Intertek Group PLC 3,381 96,938
Invensys PLC 13,036 45,304
Investec PLC 11,830 63,800
ITV PLC (I) 82,721 75,899
J Sainsbury PLC 26,564 112,854
Johnson Matthey PLC 4,395 107,578
Kazakhmys PLC 5,270 64,533
Kingfisher PLC 45,100 172,876
Ladbrokes PLC 215 397
Land Securities Group PLC 14,259 142,027
Legal & General Group PLC 112,130 167,816
Lloyds Banking Group PLC (I) 779,419 413,295
London Stock Exchange Group PLC 2,110 26,476
Lonmin PLC, ADR 3,285 53,433
Man Group PLC 30,604 79,149
Marks & Spencer Group PLC 30,655 149,026
National Grid PLC 69,935 693,411
Next PLC 3,484 136,373
Old Mutual PLC 100,589 162,635
Pearson PLC 15,729 276,853
Petrofac, Ltd. 5,495 101,663
Prudential PLC 48,505 415,163
Reckitt Benckiser Group PLC 11,791 596,117
Reed Elsevier PLC 26,202 199,610
Resolution, Ltd. 32,089 123,167
Rexam PLC 16,219 77,781
Rio Tinto PLC 27,941 1,234,011
Rolls-Royce Holdings PLC (I) 35,250 323,199
Royal Bank of Scotland Group PLC (I) 362,567 129,799
RSA Insurance Group PLC 66,188 113,531
SABMiller PLC 18,184 591,017
Schroders PLC 1,420 28,175
Scottish & Southern Energy PLC 19,708 394,138
Segro PLC 11,542 39,408
Serco Group PLC 8,934 70,786
Severn Trent PLC 5,025 120,248
Smith & Nephew PLC 18,840 169,383
Smiths Group PLC 8,293 127,767
Standard Chartered PLC 45,187 901,905
Standard Life PLC 50,131 155,255
Tesco PLC 154,652 904,630
The Capita Group PLC 12,986 141,936
The Sage Group PLC 29,291 116,136
The Weir Group PLC 4,214 100,968
TUI Travel PLC 6,959 16,036
Tullow Oil PLC 17,144 347,829
Unilever PLC 25,098 786,214
United Utilities Group PLC 12,980 125,715
Vedanta Resources PLC 2,400 40,869
Vodafone Group PLC 1,001,572 2,586,405
Whitbread PLC 3,789 92,837
WM Morrison Supermarket PLC 43,699 197,048
 
    34,048,152
United States - 0.12%    
Brookfield Office Properties, Inc. 5,034 69,608
Sims Group, Ltd. 2,403 28,535
Southern Copper Corp. 264 6,597

 

218

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Equity Index Trust B (continued)
  Shares or   
  Principal   
  Amount  Value
 
 
COMMON STOCKS (continued)      
United States (continued)      
Synthes, Inc. (S)   1,295 $ 209,389
 
      314,129
TOTAL COMMON STOCKS (Cost $255,290,961) $ 249,630,086
 
PREFERRED SECURITIES - 2.25%      
Brazil - 1.86%      
AES Tiete SA $ 3,400 $ 42,494
Banco Bradesco SA   36,535 538,431
Banco do Estado do Rio Grande do Sul SA 4,032 34,310
Bradespar SA   4,600 80,954
Brasil Telecom SA   10,204 59,534
Braskem SA, A Shares   4,100 31,793
Centrais Eletricas Brasileiras SA   4,300 49,123
Cia Brasileira de Distribuicao Grupo Pao      
de Acucar   2,536 76,650
Cia Paranaense de Energia   1,700 30,650
Companhia de Bebidas das Americas   16,819 507,634
Companhia de Gas de Sao Paulo   600 10,977
Companhia de Transmissao de Energia      
Eletrica Paulista   1,616 41,237
Companhia Energetica de Minas Gerais   9,429 139,059
Companhia Energetica de Sao Paulo   2,583 38,190
Eletropaulo Metropolitana Eletricidade de      
Sao Paulo SA   1,351 20,449
Gerdau SA   17,000 120,702
Investimentos Itau SA   53,101 269,141
Itau Unibanco Holding SA   45,953 709,977
Klabin SA   16,000 44,249
Lojas Americanas SA   5,911 44,641
Metalurgica Gerdau SA   5,500 49,025
Petroleo Brasileiro SA   72,951 741,053
Suzano Papel e Celulose SA   2,375 10,560
Tam SA   1,749 26,855
Tele Norte Leste Participacoes SA   7,300 69,108
Telecomunicacoes De Sao Paulo SA (I)   5,054 133,859
Telemar Norte Leste SA   1,600 32,932
Usinas Siderurgicas de Minas Gerais SA   10,150 56,789
Vale Fertilizantes SA   6,500 84,074
Vale SA   38,500 803,274
 
      4,897,724
Germany - 0.30%      
Bayerische Motoren Werke (BMW) AG   1,201 55,997
Henkel AG & Company KGaA   3,446 183,106
Porsche Automobil Holding SE   3,290 157,493
RWE AG   824 28,270
Volkswagen AG   2,749 363,692
 
      788,558
Malaysia - 0.00%      
Malaysian Airline System BHD (I)   2,300 648
South Korea - 0.09%      
Hyundai Motor Company, Ltd. -2nd Preferred 560 31,877
Samsung Electronics Company, Ltd.   440 210,171
 
      242,048
TOTAL PREFERRED SECURITIES (Cost $4,594,523) $ 5,928,978
 
RIGHTS - 0.01%      
Banco Bilbao Vizcaya Argentaria SA      
(Expiration Date: 10/20/2011, Strike Price:    
EUR 0.49) (I)   91,953 $ 13,551
CaixaBank (Expiration Date: 10/13/2011,      
Strike Price: EUR 1.00) (I)   15,741 1,286

 

International Equity Index Trust B (continued)
  Shares or   
  Principal   
  Amount  Value
 
 
RIGHTS (continued)      
Daewoo Securities Company, Ltd. (Expiration      
Date: 11/01/2011, Strike Price:      
KRW 8,230.00) (I)   1,319 $ 2,486
Hong Leong Bank BHD (Expiration Date:      
10/06/2011, Strike Price: MYR 1.00) (I)   1,360 366
Lojas Americanas SA (Expiration Date:      
10/26/2011, Strike Price: BRL 1925.00) (I)   1 37
TOTAL RIGHTS (Cost $15,147)   $ 17,726
 
WARRANTS - 0.00%      
Golden Agri-Resources, Ltd. (Expiration Date:      
07/23/2012, Strike Price: SGD 0.54) (I) 12,210 1,064
Kinross Gold Corp. (Expiration Date:      
09/17/2014, Strike Price: $21.30) (I)   605 1,409
TOTAL WARRANTS (Cost $2,883)   $ 2,473
 
SECURITIES LENDING COLLATERAL - 4.24%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y) 1,112,815 11,133,938
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $11,134,393)   $ 11,133,938
 
SHORT-TERM INVESTMENTS - 1.09%      
Money Market Funds - 1.09%      
AIM Short-Term Investment Trust, STIC      
Prime Portfolio, 0.050% (Y) 2,876,403 $ 2,876,403
TOTAL SHORT-TERM INVESTMENTS (Cost $2,876,403) $ 2,876,403
Total Investments (International Equity Index Trust B)    
(Cost $273,914,310) - 102.57%   $ 269,589,604
Other assets and liabilities, net - (2.57%)     (6,762,385)
 
TOTAL NET ASSETS - 100.00%   $ 262,827,219
 
 
International Growth Stock Trust    
   Shares or  
   Principal  
   Amount Value
 
COMMON STOCKS - 89.96%      
Australia - 5.59%      
BHP Billiton, Ltd.  98,303 $ 3,266,118
Brambles, Ltd. 342,122 2,110,720
CSL, Ltd. 54,053 1,541,831
QBE Insurance Group, Ltd. 123,713 1,517,906
WorleyParsons, Ltd. 114,247 2,850,774
 
      11,287,349
Belgium - 1.80%      
Anheuser-Busch InBev NV 68,341 3,624,356
Brazil - 2.22%      
Banco Bradesco SA, ADR 221,862 3,281,339
Petroleo Brasileiro SA, ADR 58,164 1,205,158
 
      4,486,497
Canada - 5.37%      
Agrium, Inc. 24,855 1,654,391
Canadian National Railway Company 24,392 1,630,090
Canadian Natural Resources, Ltd. 47,793 1,403,369
Cenovus Energy, Inc. 60,468 1,862,107
Fairfax Financial Holdings, Ltd.      
(Toronto Exchange)   4,747 1,820,114

 

219

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Growth Stock Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Suncor Energy, Inc. 96,759 $ 2,470,914
    10,840,985
China - 1.40%    
Industrial & Commercial Bank of China 5,847,000 2,826,274
Denmark - 1.39%    
Novo Nordisk A/S 28,191 2,802,525
France - 7.09%    
BNP Paribas 41,286 1,634,197
Cap Gemini SA 48,226 1,607,134
Cie Generale des Etablissements Michelin 19,747 1,179,261
Danone SA 42,720 2,629,041
Eutelsat Communications 37,157 1,492,575
L’Oreal SA 13,188 1,290,467
Lafarge SA 26,890 925,723
Publicis Groupe SA 24,157 1,011,375
Schneider Electric SA 23,862 1,284,695
Total SA 28,360 1,250,411
 
    14,304,879
Germany - 5.32%    
Adidas AG 47,583 2,870,983
Bayer AG 24,518 1,347,411
Bayerische Motoren Werke (BMW) AG 24,341 1,612,842
Fresenius Medical Care AG 34,322 2,325,282
SAP AG 50,777 2,588,370
 
    10,744,888
Hong Kong - 1.70%    
China Mobile, Ltd. 167,000 1,629,716
Hutchison Whampoa, Ltd. 243,000 1,798,850
 
    3,428,566
India - 0.91%    
Infosys, Ltd., ADR 36,116 1,844,444
Ireland - 1.83%    
Shire PLC 67,391 2,101,376
WPP PLC 171,838 1,584,716
 
    3,686,092
Israel - 1.52%    
Teva Pharmaceutical Industries, Ltd., ADR 82,196 3,059,335
Japan - 10.33%    
Canon, Inc. 86,100 3,897,924
Denso Corp. 87,600 2,807,743
FANUC Corp. 13,100 1,803,592
Keyence Corp. 8,500 2,327,334
Komatsu, Ltd. 55,100 1,189,840
Nidec Corp. 26,900 2,163,949
Toyota Motor Corp. 82,100 2,806,542
Yamada Denki Company, Ltd. 55,150 3,850,440
 
    20,847,364
Mexico - 3.28%    
America Movil SAB de CV, Series L, ADR 118,568 2,617,981
Fomento Economico Mexicano SAB    
de CV, ADR 36,362 2,356,985
Grupo Televisa SA, ADR 89,542 1,646,677
 
    6,621,643
Netherlands - 4.16%    
Koninklijke (Royal) KPN NV 26,302 346,254
Koninklijke Ahold NV 169,270 1,990,307
Royal Dutch Shell PLC, B Shares 87,100 2,705,308
Unilever NV 85,587 2,710,884

 

International Growth Stock Trust (continued)
  Shares or   
  Principal   
  Amount  Value
 
 
COMMON STOCKS (continued)      
Netherlands (continued)      
Vimpelcom, Ltd., ADR   67,015 $ 638,653
 
      8,391,406
Russia - 0.87%      
Gazprom OAO, ADR (London Exchange)   183,492 1,755,184
Singapore - 2.33%      
Keppel Corp., Ltd.   393,200 2,303,182
United Overseas Bank, Ltd.   186,000 2,394,110
 
      4,697,292
South Korea - 2.97%      
Hyundai Mobis   9,363 2,659,122
NHN Corp. (I)   17,680 3,333,165
 
      5,992,287
Sweden - 3.22%      
Kinnevik Investment AB   54,009 1,000,784
Swedbank AB, Class A   146,692 1,616,456
Telefonaktiebolaget LM Ericsson, B Shares   241,759 2,316,442
Volvo AB, Series B   160,783 1,571,935
 
      6,505,617
Switzerland - 8.80%      
ABB, Ltd. (I)   105,365 1,799,392
Informa PLC   312,000 1,586,507
Julius Baer Group, Ltd. (I)   58,573 1,951,920
Nestle SA   59,716 3,282,608
Novartis AG   69,282 3,866,597
Roche Holdings AG   19,674 3,165,187
Syngenta AG (I)   8,126 2,105,116
 
      17,757,327
Taiwan - 1.30%      
Taiwan Semiconductor      
Manufacturing Company, Ltd.   1,160,000 2,628,282
Turkey - 0.83%      
Akbank AS   427,859 1,681,783
United Kingdom - 15.73%      
BG Group PLC   154,497 2,941,978
British American Tobacco PLC   74,516 3,158,357
Centrica PLC   423,896 1,948,623
Compass Group PLC   483,390 3,908,923
Imperial Tobacco Group PLC   121,115 4,090,115
International Power PLC   293,240 1,389,130
Kingfisher PLC   518,751 1,988,460
Next PLC   65,308 2,556,320
Reed Elsevier PLC   384,407 2,928,466
Smith & Nephew PLC   208,331 1,873,019
Tesco PLC   460,439 2,693,316
Vodafone Group PLC   881,862 2,277,272
 
      31,753,979
TOTAL COMMON STOCKS (Cost $207,652,457) $ 181,568,354
 
PREFERRED SECURITIES - 0.72%      
Volkswagen AG $ 11,045 $ 1,461,252
TOTAL PREFERRED SECURITIES (Cost $2,181,145) $ 1,461,252

 

220

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Growth Stock Trust (continued)
    Shares or    
    Principal    
    Amount   Value
 
 
SHORT-TERM INVESTMENTS - 8.96%      
Money Market Funds - 8.96%        
State Street Institutional Liquid Reserves        
Fund, 0.0927% (Y) $ 18,090,521 $ 18,090,521
TOTAL SHORT-TERM INVESTMENTS (Cost $18,090,521) $ 18,090,521
Total Investments (International Growth Stock Trust)    
(Cost $227,924,123) - 99.64%     $ 201,120,127
Other assets and liabilities, net - 0.36%       718,033
TOTAL NET ASSETS - 100.00%     $ 201,838,160
 
 
International Index Trust        
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS - 94.34%        
Australia - 7.88%        
AGL Energy, Ltd.   89,008 $ 1,220,531
Alumina, Ltd.   460,910   644,451
Amcor, Ltd.   236,700   1,557,529
AMP, Ltd.   542,226   2,035,422
Asciano Group   552,661   760,699
Australia & New Zealand Banking Group, Ltd. 500,771   9,300,069
Australian Stock Exchange, Ltd.   33,086   960,572
Bendigo and Adelaide Bank, Ltd.   68,909   558,535
BHP Billiton, Ltd.   619,350   20,577,909
BlueScope Steel, Ltd.   347,947   240,072
Boral, Ltd.   136,842   455,248
Brambles, Ltd.   285,266   1,759,947
Caltex Australia, Ltd.   25,506   262,867
CFS Gandel Retail Trust   348,715   584,899
Coca-Cola Amatil, Ltd.   109,639   1,254,462
Cochlear, Ltd.   10,713   476,034
Commonwealth Bank of Australia   300,573   13,069,052
Computershare, Ltd.   83,965   597,885
Crown, Ltd.   85,471   651,277
CSL, Ltd.   102,289   2,917,735
Dexus Property Group   914,169   721,057
Echo Entertainment Group, Ltd. (I)   129,386   451,888
Fortescue Metals Group, Ltd.   235,189   974,970
Foster’s Group, Ltd.   373,305   1,895,138
Goodman Group   1,355,398   741,591
GPT Group   332,998   995,164
Harvey Norman Holding, Ltd.   100,788   207,163
Iluka Resources, Ltd.   79,088   924,673
Incitec Pivot, Ltd.   307,660   953,792
John Fairfax Holdings, Ltd. (L)   422,083   331,997
Leighton Holdings, Ltd. (L)   28,546   500,436
Lend Lease Corp.   101,496   680,026
Lynas Corp., Ltd. (I)   319,298   322,682
MacArthur Coal, Ltd.   31,116   476,052
Macquarie Airports, Ltd.   70,607   218,738
Macquarie Group, Ltd.   66,885   1,430,758
Metcash, Ltd.   145,239   570,554
Mirvac Group   645,280   704,073
National Australia Bank, Ltd.   418,435   8,890,024
Newcrest Mining, Ltd.   147,606   4,864,299
NRMA Insurance Group, Ltd.   392,674   1,135,422
OneSteel, Ltd.   252,134   295,723
Orica, Ltd.   70,055   1,569,186
Origin Energy, Ltd.   205,286   2,627,905
Oxiana, Ltd.   61,502   547,298
Paladin Resources, Ltd. (I)   124,874   142,969

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Qantas Airways, Ltd. (I) 210,253 $ 281,504
QBE Insurance Group, Ltd. 210,759 2,585,924
QR National, Ltd. 322,652 975,340
Ramsay Health Care, Ltd. 24,812 452,968
Rio Tinto, Ltd. 84,036 4,920,103
Santos, Ltd. 168,626 1,823,482
Sonic Healthcare, Ltd. 69,705 762,738
SP Ausnet 264,035 236,894
Stockland 450,151 1,252,120
Suncorp-Metway, Ltd. 248,050 1,886,033
TABCORP Holdings, Ltd. 129,386 320,190
Tattersall’s, Ltd. 245,816 525,989
Telstra Corp., Ltd. 839,814 2,503,002
Toll Holdings, Ltd. 126,797 531,707
Transurban Group, Ltd. 245,386 1,275,655
Wesfarmers, Ltd. 193,931 5,860,178
Wesfarmers, Ltd. (Price Protected Shares) 28,695 881,379
Westfield Group 423,017 3,131,911
Westfield Retail Trust 559,852 1,298,722
Westpac Banking Corp. 580,399 11,155,313
Woodside Petroleum, Ltd. 122,391 3,788,979
Woolworths, Ltd. 234,595 5,605,631
WorleyParsons, Ltd. 36,411 908,554
 
    146,023,089
Austria - 0.24%    
OMV AG 31,568 944,044
Erste Group Bank AG 35,711 910,236
Immoeast AG (I) 77,994 0
IMMOFINANZ AG (I)(L) 177,501 503,950
Oesterreichische Elektrizitaets AG, Class A 12,860 371,756
Raiffeisen Bank International AG (L) 9,268 270,837
Telekom Austria AG 62,748 633,036
Voestalpine AG 20,754 601,534
Wiener Staedtische Allgemeine    
Versicherung AG 7,252 275,413
 
    4,510,806
Belgium - 0.91%    
Ageas 417,966 718,983
Anheuser-Busch InBev NV 154,809 8,210,048
Bekaert SA (I)(L) 7,352 300,201
Belgacom SA 28,735 866,114
Colruyt SA (L) 14,329 594,842
Delhaize Group SA 19,183 1,120,046
Dexia SA (I)(L) 110,974 210,570
Groupe Bruxelles Lambert SA 15,241 1,072,534
KBC Bancassurance Holding NV 30,422 700,206
Mobistar SA (I) 5,669 323,729
Solvay SA 11,200 1,053,596
UCB SA 19,050 811,192
Umicore SA 21,534 780,649
 
    16,762,710
Bermuda - 0.09%    
Seadrill, Ltd. 63,340 1,754,087
China - 0.02%    
Foxconn International Holdings, Ltd. (I) 408,000 206,633
Yangzijiang Shipbuilding Holdings, Ltd. 362,000 241,283
 
    447,916
Cyprus - 0.01%    
Bank of Cyprus PCL 160,601 249,762
Denmark - 0.95%    
A P Moller Maersk A/S 104 583,638

 

221

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Denmark (continued)    
A P Moller Maersk A/S, Series A 255 $ 1,500,970
Carlsberg A/S 20,633 1,223,865
Coloplast A/S 4,301 620,760
Danske Bank A/S (I) 125,757 1,762,657
DSV A/S, ADR 39,505 712,082
Novo Nordisk A/S 82,018 8,153,576
Novozymes A/S, Class B 8,710 1,239,061
Pandora A/S (L) 11,107 73,996
TDC A/S 70,128 572,171
TrygVesta A/S 4,862 255,527
Vestas Wind Systems A/S (I) 38,475 623,882
William Demant Holdings A/S (I) 4,429 332,393
 
    17,654,578
Finland - 0.85%    
Elisa OYJ, Class A 26,704 545,313
Fortum OYJ 85,644 2,011,286
Kesko OYJ 12,638 388,405
Kone OYJ 30,027 1,424,743
Metso OYJ 24,139 703,349
Neste Oil OYJ 24,304 210,289
Nokia OYJ 722,247 4,091,108
Nokian Renkaat OYJ 20,687 616,765
Orion OYJ, Series B 17,661 355,513
Outokumpu OYJ (L) 24,287 159,147
Pohjola Bank OYJ 26,238 275,760
Rautaruukki OYJ 15,906 159,546
Sampo OYJ 81,013 2,029,033
Sanoma OYJ (L) 15,373 180,694
Stora Enso OYJ, Series R (L) 109,888 641,657
UPM-Kymmene OYJ 98,210 1,105,528
Wartsila OYJ 31,667 751,990
 
    15,650,126
France - 8.23%    
Accor SA 27,858 741,498
Aeroports de Paris 6,543 491,457
Air France KLM (I) 25,610 187,319
Air Liquide SA 54,681 6,394,216
Alcatel-Lucent (I) 447,493 1,279,480
Alstom SA 39,748 1,314,891
Arkema 10,455 607,162
Atos Origin SA 9,245 399,828
AXA SA 335,641 4,358,001
BioMerieux SA 1 87
BNP Paribas 184,930 7,319,966
Bouygues SA (L) 45,888 1,518,547
Bureau Veritas SA 10,302 740,887
Cap Gemini SA 27,952 931,502
Carrefour SA 111,366 2,533,477
Casino Guichard Perrachon SA 10,471 815,682
Christian Dior SA 10,297 1,151,935
Cie de Saint-Gobain SA 76,783 2,932,698
Cie Generale d’Optique    
Essilor International SA 38,781 2,794,818
Cie Generale de Geophysique-Veritas (I) 27,187 477,391
Cie Generale des Etablissements Michelin 34,064 2,034,250
CNP Assurances SA 28,062 414,368
Credit Agricole SA (L) 185,240 1,273,388
Danone SA 112,625 6,931,080
Dassault Systemes SA 11,652 822,743
Edenred 29,867 710,090
EDF SA 45,396 1,319,108
Eiffage SA 7,677 236,691
Eramet 1,008 139,357

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
Eurazeo 5,481 $ 230,330
Eutelsat Communications 18,707 751,449
Fonciere Des Regions 5,187 361,841
France Telecom SA 357,560 5,863,184
GDF Suez 238,765 7,132,703
Gecina SA 4,140 362,577
Groupe Eurotunnel SA 99,297 840,125
ICADE 4,411 344,446
Iliad SA 3,609 403,873
Imerys SA 6,416 321,874
JCDecaux SA (I) 12,598 312,496
Klepierre SA 19,701 552,519
L’Oreal SA 46,364 4,536,793
Lafarge SA 38,665 1,331,093
Lagardere SCA 22,294 546,945
Legrand SA, ADR 37,280 1,162,205
LVMH Moet Hennessy Louis Vuitton SA 48,876 6,481,289
M6-Metropole Television SA 10,964 178,309
Natixis 164,792 521,608
Neopost SA 6,093 447,763
Pernod-Ricard SA 38,217 2,996,529
Peugeot SA 28,737 611,416
PPR 14,674 1,892,957
Publicis Groupe SA 23,529 985,083
Renault SA 36,308 1,203,425
Safran SA 31,508 967,912
Sanofi 215,030 14,118,668
Schneider Electric SA 94,412 5,083,004
SCOR SE 31,920 688,148
Societe BIC SA 5,446 463,380
Societe Generale 122,355 3,205,883
Societe Television Francaise 22,281 276,847
Sodexo 17,807 1,173,371
Suez Environnement SA 50,872 709,037
Technip SA 19,137 1,531,494
Thales SA 18,804 587,613
Total SA 409,378 18,049,750
Unibail-Rodamco SE 17,698 3,154,174
Vallourec SA 21,613 1,238,777
Veolia Environnement SA 66,014 964,102
Vinci SA 85,772 3,683,010
Vivendi SA 238,704 4,873,763
Wendel SA 6,200 388,716
 
    152,402,398
Germany - 6.89%    
Adidas AG 40,355 2,434,872
Allianz SE 87,545 8,238,052
Axel Springer AG 7,476 251,721
BASF SE 177,140 10,747,975
Bayer AG 159,488 8,764,819
Bayerische Motoren Werke (BMW) AG 63,855 4,231,050
Beiersdorf AG 19,041 1,019,697
Brenntag AG 6,323 549,815
Celesio AG 16,068 212,100
Commerzbank AG (I) 690,149 1,737,356
Continental AG (I) 15,111 868,364
Daimler AG 174,692 7,737,860
Deutsche Bank AG 179,259 6,245,741
Deutsche Boerse AG (I) 785 39,419
Deutsche Boerse AG (L) 36,834 1,854,585
Deutsche Lufthansa AG 43,251 557,938
Deutsche Post AG 163,250 2,086,449
Deutsche Telekom AG 541,679 6,371,907
E.ON AG 347,327 7,574,830

 

222

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
Fraport AG, ADR 6,941 $ 405,049
Fresenius Medical Care AG 40,279 2,728,863
Fresenius SE & Company KGaA 21,928 1,946,098
GEA Group AG 32,985 770,709
Hannover Rueckversicherung AG 11,395 515,569
HeidelbergCement AG 26,562 959,996
Henkel AG & Company, KGaA 24,546 1,074,058
Hochtief AG 8,000 497,187
Infineon Technologies AG 209,592 1,543,531
K&S AG 33,225 1,746,911
Kabel Deutschland Holding AG (I) 17,351 935,300
Lanxess AG 15,717 755,510
Linde AG 32,607 4,348,880
MAN SE 12,237 946,354
Merck KGaA 12,206 998,762
Metro AG 24,488 1,030,319
Muenchener Rueckversicherungs - Gesellschaft    
AG (MunichRe) 36,353 4,506,138
RWE AG 80,770 2,974,171
Salzgitter AG 7,378 353,976
SAP AG 177,445 9,045,301
Siemens AG 158,681 14,335,587
Suedzucker AG 12,522 355,307
ThyssenKrupp AG 74,418 1,826,586
TUI AG (I) 28,519 145,895
United Internet AG 21,253 358,642
Volkswagen AG 5,573 690,674
Wacker Chemie AG (L) 2,956 262,558
 
    127,582,481
Greece - 0.13%    
Alpha Bank AE (I) 96,276 171,004
Coca Cola Hellenic Bottling Company S.A. (I) 34,578 611,658
EFG Eurobank Ergasias SA (I) 61,278 76,115
Hellenic Telecommunications Organization SA 46,476 198,646
National Bank of Greece SA (I) 180,595 660,299
OPAP SA 42,178 427,949
Public Power Corp. SA 22,000 175,994
 
    2,321,665
Hong Kong - 2.48%    
AIA Group, Ltd. 1,626,000 4,622,839
ASM Pacific Technology, Ltd. 37,400 365,390
Bank of East Asia, Ltd. 297,800 899,791
BOC Hong Kong Holdings, Ltd. 713,672 1,500,738
Cathay Pacific Airways, Ltd. 223,218 361,654
Cheung Kong Holdings, Ltd. 268,000 2,868,994
Cheung Kong Infrastructure Holdings, Ltd. 85,228 497,402
CLP Holdings, Ltd. 371,000 3,320,901
Esprit Holdings, Ltd. 231,379 282,190
Galaxy Entertainment Group, Ltd. (I) 234,000 328,734
Hang Lung Group, Ltd. 166,000 844,124
Hang Lung Properties, Ltd. 474,674 1,403,327
Hang Seng Bank, Ltd. 147,481 1,728,186
Henderson Land Development Company, Ltd. 181,489 806,253
Hong Kong & China Gas Company, Ltd. 914,303 2,065,533
Hong Kong Exchanges & Clearing, Ltd. 197,700 2,836,870
Hopewell Holdings, Ltd. 107,500 305,617
Hutchison Whampoa, Ltd. 411,000 3,042,500
Hysan Development Company, Ltd. 119,000 352,655
Kerry Properties, Ltd. 135,703 426,774
Li & Fung, Ltd. 1,094,000 1,804,279
Lifestyle International Holdings, Ltd. 111,500 278,343
MTR Corp., Ltd. 272,733 817,968
New World Development Company, Ltd. 449,815 423,096

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Noble Group, Ltd. 718,818 $ 717,961
NWS Holdings, Ltd. 251,000 333,753
Orient Overseas International, Ltd. 41,500 166,097
PCCW, Ltd. 758,000 280,396
Power Assets Holdings, Ltd. 267,418 2,046,292
Shangri-La Asia, Ltd. 266,000 500,508
Sino Land Company, Ltd. 496,316 660,284
SJM Holdings, Ltd. 310,000 539,607
Sun Hung Kai Properties, Ltd. 273,000 3,093,094
Swire Pacific, Ltd. 139,837 1,444,800
The Link REIT 430,747 1,358,423
Wharf Holdings, Ltd. 292,373 1,424,903
Wheelock and Company, Ltd. 173,000 505,736
Wing Hang Bank, Ltd. 33,564 272,092
Yue Yuen Industrial Holdings, Ltd. 139,933 358,507
 
    45,886,611
Ireland - 0.68%    
CRH PLC 133,947 2,065,963
CRH PLC (London Exchange) 4,229 65,991
Elan Corp. PLC (I) 94,274 998,518
Experian PLC 193,455 2,176,410
James Hardie Industries, Ltd. (I) 82,733 451,267
Kerry Group PLC 26,523 928,584
Kerry Group PLC - London Exchange 1,000 35,092
Ryanair Holdings PLC, ADR 12,022 309,567
Shire PLC 108,455 3,381,827
WPP PLC 244,110 2,251,219
 
    12,664,438
Israel - 0.63%    
Bank Hapoalim, Ltd. 200,299 695,379
Bank Leumi Le-Israel, Ltd. 222,649 688,368
Bezek Israeli Telecommunications Corp., Ltd. 329,423 617,581
Cellcom Israel, Ltd. 10,334 211,050
Delek Group, Ltd. 860 131,351
Elbit Systems, Ltd. 4,454 173,784
Israel Chemicals, Ltd. 83,918 957,357
Israel Corp., Ltd. 436 281,877
Israel Discount Bank, Ltd. (I) 149,302 218,805
Makhteshim-Agan Industries, Ltd. 43,589 238,390
Mizrahi Tefahot Bank, Ltd. 23,339 192,305
Nice Systems, Ltd. (I) 11,401 340,856
Partner Communications Company, Ltd. 16,174 154,210
Teva Pharmaceutical Industries, Ltd. 181,278 6,712,098
 
    11,613,411
Italy - 2.14%    
A2A SpA 208,082 258,825
Assicurazioni Generali SpA 225,213 3,557,583
Autogrill SpA 21,733 218,423
Autostrade SpA 59,526 853,714
Banca Carige SpA (L) 122,086 236,542
Banca Intesa SpA 176,964 226,730
Banca Monte dei Paschi di Siena SpA 827,600 460,512
Banche Popolari Unite SpA 153,145 565,476
Banco Popolare Societa Cooperativa 333,096 548,571
Beni Stabili SpA 52 27
BGP Holdings PLC (I) 1,690,087 2
Enel Green Power SpA 330,605 752,957
Enel SpA 1,269,493 5,616,698
Eni SpA 463,488 8,143,687
Exor SpA 12,112 236,337
Fiat Industrial SpA (I) 144,413 1,076,794
Fiat SpA 144,419 780,517
Finmeccanica SpA 76,451 527,703

 

223

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Italy (continued)    
Intesa Sanpaolo SpA 1,943,267 $ 3,036,377
Luxottica Group SpA 22,073 559,188
Mediaset SpA 133,874 420,313
Mediobanca SpA 97,603 768,696
Parmalat SpA 67,198 141,557
Pirelli & Company SpA 44,938 318,893
Prysmian SpA 38,535 505,439
Saipem SpA 51,058 1,790,242
Snam Rete Gas SpA 309,949 1,430,765
Telecom Italia SpA 1,810,249 1,965,661
Telecom Italia SpA, RSP 1,138,300 1,105,894
Terna Rete Elettrica Nazionale SpA 227,177 842,693
UniCredit SpA 2,601,938 2,768,911
 
    39,715,727
Japan - 21.77%    
ABC-MART, Inc. 5,000 191,987
Advantest Corp. 28,300 305,142
AEON Company, Ltd. 113,400 1,530,751
AEON Credit Service Company, Ltd. 14,900 228,551
Aeon Mall Company, Ltd. 13,700 311,495
Air Water, Inc. 28,000 345,548
Aisin Seiki Company, Ltd. 36,200 1,202,671
Ajinomoto Company, Inc. 126,000 1,490,129
Alfresa Holdings Corp. 7,376 308,676
All Nippon Airways Company, Ltd. 157,000 490,658
Amada Company, Ltd. 67,000 436,513
Aozora Bank, Ltd. 109,000 249,844
Asahi Breweries, Ltd. 74,600 1,579,769
Asahi Glass Company, Ltd. 195,000 1,901,230
Asahi Kasei Corp. 243,000 1,458,450
Asics Corp. 28,000 379,716
Astellas Pharma, Inc. 85,700 3,233,064
Bank of Kyoto, Ltd. 61,000 542,553
Benesse Holdings, Inc. 13,100 577,115
Bridgestone Corp. 125,500 2,845,638
Brother Industries, Ltd. 44,600 522,751
Canon, Inc. 218,600 9,896,470
Casio Computer Company, Ltd. 44,800 283,634
Central Japan Railway Company, Ltd. 290 2,526,792
Chiba Bank, Ltd. 144,000 996,475
Chiyoda Corp. 30,000 292,872
Chubu Electric Power Company, Inc. 131,600 2,474,636
Chugai Pharmaceutical Company, Ltd. 42,300 716,800
Chugoku Bank, Ltd. 33,000 485,843
Chugoku Electric Power Company, Inc. 56,200 990,341
Chuo Mitsui Trust Holdings, Inc. 601,000 1,986,790
Citizen Watch Company, Ltd. 49,600 247,187
Coca-Cola West Japan Company, Ltd. 11,523 220,709
Cosmo Oil Company, Ltd. 112,000 277,751
Credit Saison Company, Ltd. 28,000 538,843
Dai Nippon Printing Company, Ltd. 106,000 1,096,242
Daicel Chemical Industries, Ltd. 55,466 315,235
Daido Steel Company, Ltd. 53,000 315,402
Daihatsu Motor Company, Ltd. 36,000 650,777
Daiichi Sankyo Company, Ltd. 129,900 2,704,779
Daikin Industries, Ltd. 44,300 1,267,259
Dainippon Sumitomo Pharma Company, Ltd. 30,300 333,434
Daito Trust Construction Company, Ltd. 13,700 1,256,219
Daiwa House Industry Company, Ltd. 91,000 1,171,182
Daiwa Securities Group, Inc. 314,000 1,171,645
Dena Company, Ltd. 18,500 773,951
Denki Kagaku Kogyo Kabushiki Kaisha 91,000 346,049
Denso Corp. 93,800 3,006,464
Dentsu, Inc. 34,200 1,081,614

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
East Japan Railway Company 65,600 $ 3,983,203
Eisai Company, Ltd. 48,600 1,958,741
Electric Power Development Company, Ltd. 22,000 648,295
Elpida Memory, Inc. (I) 49,800 311,734
FamilyMart Company, Ltd. 12,000 458,362
FANUC Corp. 37,000 5,094,114
Fast Retailing Company, Ltd. 10,200 1,826,451
Fuji Electric Company, Ltd. 106,000 273,666
Fuji Heavy Industries, Ltd. 111,000 648,405
FUJIFILM Holdings Corp. 89,300 2,072,686
Fujitsu, Ltd. 359,000 1,691,201
Fukuoka Financial Group, Inc. 146,000 611,054
Furukawa Electric Company, Ltd. 119,638 325,103
Gree, Inc. 17,300 518,985
GS Yuasa Corp. 66,000 308,112
Gunma Bank 73,000 406,453
Hakuhodo DY Holdings, Inc. 4,400 255,260
Hamamatsu Photonics KK 12,700 510,906
Hino Motors, Ltd. 49,000 291,241
Hirose Electric Company, Ltd. 6,000 557,573
Hisamitsu Pharmaceutical Company, Inc. 11,700 561,861
Hitachi Chemical, Ltd. 19,800 325,311
Hitachi Construction    
Machinery Company, Ltd. (L) 20,300 339,177
Hitachi High-Technologies Corp. 11,700 234,135
Hitachi Metals, Ltd. 31,000 355,529
Hitachi, Ltd. 872,000 4,337,091
Hokkaido Electric Power Company, Inc. 34,700 510,869
Hokuhoku Financial Group, Inc. 238,000 518,628
Hokuriku Electric Power Company 33,400 618,698
Honda Motor Company, Ltd. 314,400 9,218,203
Hoya Corp. 83,900 1,933,528
Ibiden Company, Ltd. 22,800 478,859
Idemitsu Kosan Company, Ltd. 4,200 376,546
Inpex Corp. 423 2,606,698
Isetan Mitsukoshi Holdings, Ltd. 70,800 714,495
Ishikawajima-Harima Heavy    
Industries Company, Ltd. 249,000 549,515
Isuzu Motors, Ltd. 224,000 959,087
ITO EN, Ltd. 294 5,376
ITOCHU Corp. 290,300 2,772,689
Itochu Techno-Science Corp. 5,500 247,489
Iyo Bank, Ltd. 46,000 468,565
J Front Retailing Company, Ltd. 91,000 432,315
Japan Petroleum Exploration Company, Ltd. 5,400 196,633
Japan Prime Realty Investment Corp. 128 327,445
Japan Real Estate Investment Corp. 88 858,427
Japan Retail Fund Investment Corp. 304 489,373
Japan Tobacco, Inc. 868 4,049,634
JFE Holdings, Inc. 88,900 1,792,742
JGC Corp. 39,000 957,627
Joyo Bank, Ltd. 123,000 571,709
JS Group Corp. 50,300 1,408,928
JSR Corp. 33,800 581,003
Jupiter Telecommunications Company, Ltd. 328 352,659
JX Holdings, Inc. 433,100 2,430,824
Kajima Corp. 160,000 526,432
Kamigumi Company, Ltd. 47,000 420,233
Kaneka Corp. 53,171 299,977
Kansai Electric Power Company, Ltd. 144,800 2,489,980
Kansai Paint Company, Ltd. 41,000 392,578
Kao Corp. 102,000 2,837,286
Kawasaki Heavy Industries, Ltd. 268,000 682,100
Kawasaki Kisen Kaisha, Ltd. 137,000 284,613
KDDI Corp. 562 3,859,863

 

224

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Keihin Electric Express    
Railway Company, Ltd. (L) 89,000 $ 821,338
Keio Corp. 109,000 779,293
Keisei Electric Railway Company, Ltd. 52,000 352,849
Keyence Corp. 8,000 2,190,432
Kikkoman Corp. 30,000 342,457
Kinden Corp. 25,409 218,909
Kintetsu Corp. (L) 307,000 1,155,352
Kirin Holdings Company, Ltd. 158,000 2,062,685
Kobe Steel, Ltd. 471,000 788,704
Koito Manufacturing Company, Ltd. 18,000 283,411
Komatsu, Ltd. 183,000 3,951,738
Konami Corp. 17,600 590,926
Konica Minolta Holdings, Inc. 90,500 619,985
Koyo Seiko Company, Ltd. 42,000 501,588
Kubota Corp. 223,000 1,781,816
Kuraray Company, Ltd. 65,100 887,502
Kurita Water Industries, Ltd. 21,300 595,782
Kyocera Corp. 29,500 2,464,294
Kyowa Hakko Kogyo Company, Ltd. 49,000 545,584
Kyushu Electric Power Company, Inc. 76,100 1,226,166
Lawson, Inc. 11,400 644,336
Mabuchi Motor Company, Ltd. 4,700 217,208
Makita Corp. 21,200 755,112
Marubeni Corp. 318,000 1,778,310
Marui Company, Ltd. 42,300 317,864
Maruichi Steel Tube, Ltd. 8,900 209,631
Matsushita Electric Industrial Company, Ltd. 425,800 4,115,429
Mazda Motor Corp. (I)(L) 286,000 575,759
McDonald’s Holdings Company, Ltd. 12,600 334,867
Mediceo Holdings Company, Ltd. 27,810 281,039
MEIJI Holdings Company, Ltd. 13,000 615,762
Minebea Company, Ltd. 64,000 214,782
Miraca Holdings, Inc. 10,500 461,589
Mitsubishi Chemical Holdings Corp. 261,500 1,769,311
Mitsubishi Corp. 270,800 5,514,755
Mitsubishi Electric Corp. 373,000 3,303,440
Mitsubishi Estate Company, Ltd. 241,000 3,900,385
Mitsubishi Gas & Chemicals Company, Inc. 73,171 449,843
Mitsubishi Heavy Industries, Ltd. 585,000 2,460,046
Mitsubishi Logistics Corp. 22,057 237,430
Mitsubishi Materials Corp. 211,000 513,665
Mitsubishi Motors Corp. (I) 732,000 966,970
Mitsubishi Tanabe Pharma Corp. 42,400 786,003
Mitsubishi UFJ Financial Group 2,456,100 11,039,113
Mitsubishi UFJ Lease &    
Finance Company, Ltd. 11,040 440,946
Mitsui & Company, Ltd. 335,100 4,850,249
Mitsui Chemicals, Inc. 154,000 513,145
Mitsui Engineering &    
Shipbuilding Company, Ltd. 133,000 222,831
Mitsui Fudosan Company, Ltd. 161,000 2,548,178
Mitsui O.S.K. Lines, Ltd. 216,000 827,831
Mizuho Financial Group, Inc. (L) 4,305,400 6,218,455
MS&AD Insurance Group Holdings 109,900 2,381,945
Murata Manufacturing Company, Ltd. 39,100 2,109,595
Nabtesco Corp. 18,000 341,060
Namco Bandai Holdings, Inc. 37,800 510,662
NEC Corp. (I) 492,000 999,440
NGK Insulators, Ltd. 48,000 722,870
NGK Spark Plug Company, Ltd. 30,000 406,153
NHK Spring Company, Ltd. 28,000 246,990
Nidec Corp. 21,000 1,689,328
Nikon Corp. 64,400 1,513,253
Nintendo Company, Ltd. 19,100 2,782,072

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Nippon Building Fund, Inc. 104 $ 1,075,008
Nippon Electric Glass Company, Ltd. 75,000 679,509
Nippon Express Company, Ltd. 161,000 685,718
Nippon Meat Packers, Inc. 32,762 425,556
Nippon Paper Group, Inc. 18,700 497,199
Nippon Sheet Glass Company, Ltd. 171,000 381,930
Nippon Steel Corp. 984,000 2,816,615
Nippon Telegraph & Telephone Corp. 92,200 4,431,197
Nippon Yusen Kabushiki Kaisha 289,000 780,190
Nishi-Nippon City Bank, Ltd. 128,000 393,172
Nissan Motor Company, Ltd. 479,500 4,237,464
Nisshin Seifun Group, Inc. 35,500 463,157
Nisshin Steel Company 132,000 235,865
Nissin Food Products Company, Ltd. 11,100 447,241
Nitori Holdings Company, Ltd. 7,000 704,268
Nitto Denko Corp. 31,200 1,229,066
NKSJ Holdings, Inc. 72,000 1,590,605
NOK Corp. 19,700 354,234
Nomura Holdings, Inc. 681,300 2,482,596
Nomura Real Estate Holdings, Inc. 18,000 271,475
Nomura Real Estate Office Fund, Inc. 52 316,892
Nomura Research Institute, Ltd. 19,100 434,159
NSK, Ltd. 83,285 611,304
NTN Corp. 91,000 426,580
NTT Data Corp. 238 734,298
NTT DoCoMo, Inc. 2,946 5,370,263
NTT Urban Development Corp. 218 158,252
Obayashi Corp. 123,000 609,610
Odakyu Electric Railway Company, Ltd. 118,000 1,121,256
OJI Paper Company, Ltd. 161,000 883,763
Olympus Corp. (L) 41,000 1,265,627
Omron Corp. 38,400 752,114
Ono Pharmaceutical Company, Ltd. 16,000 952,754
Oracle Corp. Japan 7,200 253,255
Oriental Land Company, Ltd. 9,400 1,003,082
ORIX Corp. 20,200 1,574,184
Osaka Gas Company, Ltd. 367,000 1,525,516
Otsuka Corp. 3,000 206,549
Otsuka Holdings Company, Ltd. 47,400 1,296,302
Rakuten, Inc. 1,399 1,633,707
Resona Holdings, Inc. 363,700 1,722,008
Ricoh Company, Ltd. (L) 127,000 1,062,479
Rinnai Corp. 6,100 509,862
Rohm Company, Ltd. 18,500 961,520
Sankyo Company, Ltd. 10,100 544,873
Santen Pharmaceutical Company, Ltd. 14,000 585,092
SBI Holdings, Inc. 4,331 374,117
Secom Company, Ltd. 40,500 1,947,186
SEGA SAMMY HOLDINGS, INC. 40,200 938,924
Seiko Epson Corp. 24,622 312,022
Sekisui Chemical Company, Ltd. 82,000 688,238
Sekisui House, Ltd. 109,000 1,027,330
Seven & I Holdings Company, Ltd. 145,300 4,078,868
Seven Bank, Ltd. 104 202,417
Sharp Corp. 193,000 1,620,431
Shikoku Electric Power Company, Inc. 35,200 968,227
Shimadzu Corp. 45,000 379,030
Shimamura Company, Ltd. 4,200 440,184
Shimano, Inc. 14,200 750,930
Shimizu Corp. 112,000 493,634
Shin-Etsu Chemical Company, Ltd. 79,200 3,883,232
Shinsei Bank, Ltd. 261,000 293,067
Shionogi & Company, Ltd. 56,400 834,718
Shiseido Company, Ltd. 68,000 1,316,997
Shizuoka Bank, Ltd. 113,000 1,182,373

 

225

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Showa Denko KK 283,161 $ 557,517
Showa Shell Sekiyu KK 35,755 254,753
SMC Corp. 10,400 1,518,666
Softbank Corp. 167,000 4,888,576
Sojitz Corp. 237,500 433,971
Sony Corp. 193,800 3,719,274
Sony Financial Holdings, Inc. 33,000 499,054
Square Enix Company, Ltd. 12,000 215,654
Stanley Electric Company, Ltd. 27,500 415,383
Sumco Corp. (I) 22,000 205,582
Sumitomo Chemical Company, Ltd. 297,000 1,142,294
Sumitomo Corp. 217,000 2,683,074
Sumitomo Electric Industries, Ltd. 145,500 1,702,510
Sumitomo Heavy Industries, Ltd. 103,990 533,277
Sumitomo Metal Industries, Ltd. 635,000 1,314,991
Sumitomo Metal Mining Company, Ltd. 101,000 1,338,758
Sumitomo Mitsui Financial Group 259,100 7,312,346
Sumitomo Realty &    
Development Company, Ltd. 69,000 1,325,884
Sumitomo Rubber Industries, Inc. 32,400 414,528
Suruga Bank, Ltd. 34,000 330,594
Suzuken Company, Ltd. 13,300 356,982
Suzuki Motor Corp. 63,600 1,399,050
Sysmex Corp. 13,600 488,512
T&D Holdings, Inc. 109,400 1,029,662
Taisei Corp. 194,000 535,084
Taisho Pharmaceuticals Company, Ltd. 23,000 564,787
Taiyo Nippon Sanso Corp. 49,000 340,496
Takashimaya Company, Ltd. 49,819 362,401
Takeda Pharmaceutical Company, Ltd. 152,300 7,231,192
TDK Corp. 23,300 810,833
Teijin, Ltd. 177,000 634,706
Terumo Corp. 32,500 1,690,369
The Bank of Yokohama, Ltd. 231,000 1,157,288
The Dai-ichi Life Insurance Company, Ltd. 1,736 1,793,548
The Hachijuni Bank, Ltd. 80,000 489,760
The Hiroshima Bank, Ltd. 95,000 469,636
The Japan Steel Works, Ltd. 60,000 357,660
The Tokyo Electric Power Company, Inc. (I) 273,200 838,259
THK Company, Ltd. 22,800 380,384
Tobu Railway Company, Ltd. 197,000 928,230
Toho Company, Ltd. 21,433 374,314
Toho Gas Company, Ltd. 78,000 512,072
Tohoku Electric Power Company, Inc. 85,500 1,183,586
Tokio Marine Holdings, Inc. 139,700 3,541,194
Tokyo Electron, Ltd. 33,100 1,499,394
Tokyo Gas Company, Ltd. 492,000 2,291,754
Tokyu Corp. 215,000 1,079,434
Tokyu Land Corp. 81,000 290,892
TonenGeneral Sekiyu KK 53,000 607,828
Toppan Printing Company, Ltd. 106,000 772,337
Toray Industries, Inc. 283,000 1,983,225
Toshiba Corp. 776,000 3,164,321
Tosoh Corp. 96,228 300,658
Toto, Ltd. 56,000 494,717
Toyo Seikan Kaisha, Ltd. 28,600 433,143
Toyo Suisan Kaisha, Ltd. 17,000 465,857
Toyoda Gosei Company, Ltd. 12,234 231,514
Toyota Boshoku Corp. 12,400 177,404
Toyota Industries Corp. 33,900 986,013
Toyota Motor Corp. 532,000 18,186,121
Toyota Tsusho Corp. 40,100 685,180
Trend Micro, Inc. 19,900 621,154
Tsumura & Company, Ltd. 11,400 363,296
Ube Industries, Ltd. 191,000 633,284

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Unicharm Corp. 21,500 $ 1,031,967
Ushio, Inc. 19,900 302,283
USS Company, Ltd. 4,163 354,106
West Japan Railway Company, Ltd. 32,100 1,376,592
Yahoo! Japan Corp. 2,746 853,129
Yakult Honsha Company, Ltd. 18,257 568,006
Yamada Denki Company, Ltd. 15,520 1,083,569
Yamaguchi Financial Group, Inc. 40,000 403,394
Yamaha Corp. 29,800 321,648
Yamaha Motor Company, Ltd. (I) 52,900 692,821
Yamato Kogyo Company, Ltd. 7,900 206,638
Yamato Transport Company, Ltd. 75,100 1,366,839
Yamazaki Baking Company, Ltd. 23,000 349,165
Yaskawa Electric Corp. 41,000 309,266
Yokogawa Electric Corp. (I) 40,814 384,653
 
    403,209,968
Jersey, C.I. - 0.09%    
Randgold Resources, Ltd. 17,560 1,708,957
Luxembourg - 0.36%    
ArcelorMittal 165,567 2,644,276
Millicom International Cellular SA 14,722 1,474,379
SES SA 57,787 1,403,167
Tenaris SA 89,194 1,133,061
 
    6,654,883
Macau - 0.09%    
Sands China, Ltd. (I) 456,000 1,048,793
Wynn Macau, Ltd. 294,000 675,603
 
    1,724,396
Mauritius - 0.01%    
Essar Energy PLC (I) 61,543 238,557
Mexico - 0.05%    
Fresnillo PLC 33,867 833,362
Netherlands - 4.48%    
Aegon NV (I) 324,654 1,308,843
Akzo Nobel NV 44,685 1,975,429
ASML Holding NV 83,174 2,890,146
Corio NV 11,174 514,225
Delta Lloyd NV 19,003 300,150
European Aeronautic Defence &    
Space Company 78,781 2,210,242
Fugro NV 12,887 652,529
Heineken Holding NV 21,762 839,456
Heineken NV 49,983 2,233,713
ING Groep NV (I) 738,665 5,198,733
Koninklijke (Royal) KPN NV 294,693 3,879,498
Koninklijke Ahold NV 225,132 2,647,142
Koninklijke Boskalis Westinster NV 13,351 410,735
Koninklijke DSM NV 29,130 1,266,464
Koninklijke Philips Electronics NV 194,612 3,483,690
Koninklijke Vopak NV 13,280 636,229
PostNL NV 64,022 280,353
QIAGEN NV (I) 44,034 608,099
Randstad Holdings NV 22,483 717,204
Reed Elsevier NV 132,731 1,451,448
Royal Dutch Shell PLC (London    
Stock Exchange) 693,330 21,503,856
Royal Dutch Shell PLC, B Shares 519,937 16,149,134
SBM Offshore NV 31,800 551,449
TNT Express NV 67,950 468,845
Unilever NV 314,170 9,951,024

 

226

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Netherlands (continued)    
Wolters Kluwer NV 56,413 $ 913,550
    83,042,186
New Zealand - 0.13%    
Auckland International Airport, Ltd. 175,190 304,339
Contact Energy, Ltd. (I) 65,912 272,315
Fletcher Building, Ltd. (New    
Zealand Exchange) 128,130 744,480
Sky City Entertainment Group, Ltd. 109,123 274,691
Telecom Corp. of New Zealand, Ltd. 364,487 720,757
 
    2,316,582
Norway - 0.69%    
Aker Solutions ASA 31,054 297,965
DnB NOR ASA 188,454 1,881,380
Gjensidige Forsikring ASA 37,794 391,250
Kvaerner ASA (I) 54 71
Norsk Hydro ASA 175,860 798,996
Orkla ASA 145,766 1,109,043
Renewable Energy Corp. ASA (I)(L) 94,594 82,952
Statoil ASA 215,237 4,598,933
Telenor ASA 143,891 2,218,188
Yara International ASA 36,556 1,394,084
 
    12,772,862
Portugal - 0.22%    
Banco Comercial Portugues SA (I)(L) 612,607 158,934
Banco Espirito Santo SA (L) 99,569 263,650
Cimpor-Cimentos de Portugal SA 38,224 256,113
Electricidade de Portugal SA 360,465 1,107,112
Galp Energia SGPS SA 43,696 796,287
Jeronimo Martins SGPS SA 41,600 648,199
Portugal Telecom SGPS SA 126,999 926,048
 
    4,156,343
Singapore - 1.57%    
Ascendas Real Estate Investment Trust 334,000 515,835
Capitaland, Ltd. 483,000 900,404
CapitaMall Trust 361,000 501,298
CapitaMalls Asia, Ltd. 258,000 235,564
City Developments, Ltd. 94,000 682,351
ComfortDelGro Corp., Ltd. 355,000 352,941
Cosco Corp. Singapore, Ltd. 191,000 131,286
DBS Group Holdings, Ltd. 334,000 2,994,233
Fraser and Neave, Ltd. 173,000 757,238
Genting Singapore PLC (I) 1,176,000 1,366,646
Global Logistic Properties, Ltd. (I) 347,000 435,378
Golden Agri-Resources, Ltd. 1,261,520 579,378
Hutchison Port Holdings Trust 987,000 652,986
Jardine Cycle and Carriage, Ltd. 21,000 666,631
Keppel Corp., Ltd. 275,000 1,610,822
Keppel Land, Ltd. 137,000 267,667
Neptune Orient Lines, Ltd. 172,000 141,511
Olam International, Ltd. 259,000 441,567
Oversea-Chinese Banking Corp., Ltd. 483,000 2,972,300
SembCorp Industries, Ltd. 186,000 479,968
SembCorp Marine, Ltd. 157,000 384,040
Singapore Airlines, Ltd. 100,000 865,231
Singapore Airlines, Ltd. (Board Lot 200) 4,000 34,613
Singapore Exchange, Ltd. 162,000 812,715
Singapore Press Holdings, Ltd. 289,000 825,947
Singapore Technologies Engineering, Ltd. 287,000 608,362
Singapore Telecommunications, Ltd. 1,536,000 3,708,594
StarHub, Ltd. 114,000 248,056
United Overseas Bank, Ltd. 243,000 3,127,788
UOL Group, Ltd. 88,000 277,196

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Singapore (continued)    
Wilmar International, Ltd. 370,000 $ 1,467,682
 
    29,046,228
Spain - 3.29%    
Abertis Infraestructuras SA 74,824 1,149,764
Acciona SA 4,801 405,276
Acerinox SA 18,832 211,762
ACS Actividades de Construccion    
y Servicios SA 26,745 943,677
Amadeus IT Holding SA, A Shares 56,083 900,287
Banco Bilbao Vizcaya Argentaria SA (L) 833,943 6,795,049
Banco de Sabadell SA (L) 210,082 752,444
Banco Popular Espanol SA (L) 181,848 837,328
Banco Santander SA 1,627,799 13,307,324
Bankia Saubankia Sau (I) 167,092 816,744
Bankinter SA (L) 40,242 219,182
CaixaBank 144,238 636,094
Distribuidora Internacional    
De Alimentacion SA (I) 109,068 429,511
EDP Renovaveis SA (I) 41,328 225,542
Enagas SA 33,823 622,871
Ferrovial SA 69,273 791,322
Fomento de Construcciones    
y Contratas SA (L) 9,659 238,704
Gas Natural SDG SA 60,940 1,038,711
Grifols SA (I) 26,159 489,325
Iberdrola SA 763,128 5,164,441
Inditex SA 42,070 3,602,779
Indra Sistemas SA 18,604 267,826
Mapfre SA 142,287 439,524
Mediaset Espana Comunicacion SA 30,742 174,551
Red Electrica De Espana 20,441 932,812
Repsol YPF SA 153,048 4,032,496
Telefonica SA 792,180 15,187,123
Zardoya Otis SA 26,407 336,746
 
    60,949,215
Sweden - 2.63%    
Alfa Laval AB 63,775 1,001,244
Assa Abloy AB, Series B 60,596 1,247,477
Atlas Copco AB, Series A 129,562 2,288,664
Atlas Copco AB, Series B 73,722 1,156,537
Boliden AB 51,670 533,009
Electrolux AB 45,313 664,254
Getinge AB, Series B 37,804 824,078
Hennes & Mauritz AB, B Shares 197,180 5,889,989
Hexagon AB 47,866 622,995
Holmen AB, Series B 10,030 248,902
Husqvarna AB, B Shares 83,534 337,233
Industrivarden AB, C Shares 22,243 232,509
Investor AB, B Shares 87,874 1,542,431
Kinnevik Investment AB 38,851 719,907
Modern Times Group AB, B Shares 9,022 360,208
Nordea Bank AB 507,289 4,099,029
Ratos AB 36,197 416,262
Sandvik AB 194,467 2,233,874
Scania AB, Series B 60,442 861,725
Securitas AB, Series B 59,145 431,130
Skandinaviska Enskilda Banken AB, Series A 271,930 1,462,053
Skanska AB, Series B 75,539 1,044,200
SKF AB, B Shares 75,285 1,418,823
SSAB AB, Series A 29,566 218,802
Svenska Cellulosa AB 111,332 1,353,622
Svenska Handelsbanken AB, Series A 94,339 2,398,307
Swedbank AB, Class A 156,086 1,719,972

 

227

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Sweden (continued)    
Swedish Match AB 41,450 $ 1,371,543
Tele2 AB, Series B 59,886 1,095,066
Telefonaktiebolaget LM Ericsson, B Shares 580,813 5,565,128
Teliasonera AB 417,496 2,754,861
Volvo AB, Series B 266,107 2,601,661
 
    48,715,495
Switzerland - 8.48%    
ABB, Ltd. (I) 422,781 7,220,129
Actelion, Ltd. (I) 20,778 691,247
Adecco SA (I) 25,024 981,262
Aryzta AG 15,959 691,266
Baloise Holding AG 8,973 655,761
Cie Financiere Richemont SA 100,680 4,469,258
Credit Suisse Group AG (I) 220,032 5,709,650
GAM Holding, Ltd. (I) 39,034 487,850
Geberit AG (I) 7,354 1,351,925
Givaudan AG (I) 1,603 1,252,303
Glencore International PLC (L) 156,909 971,151
Holcim, Ltd. (I) 47,307 2,500,990
Julius Baer Group, Ltd. (I) 39,865 1,328,484
Kuehne & Nagel International AG 10,200 1,140,946
Lindt & Spruengli AG 169 491,887
Lindt & Spruengli AG - REG 22 760,077
Lonza Group AG (I) 9,496 570,004
Nestle SA 668,265 36,734,743
Novartis AG 450,093 25,119,488
Pargesa Holding SA, ADR 5,105 348,920
Roche Holdings AG 135,492 21,798,183
Schindler Holding AG 9,180 982,920
Schindler Holding AG - REG 4,070 443,793
SGS SA 1,056 1,601,503
Sika AG 386 682,434
Sonova Holding AG (I) 9,281 837,501
STMicroelectronics NV 120,366 786,479
Straumann Holding AG 1,484 232,016
Sulzer AG 4,531 463,850
Swiss Life Holding (I) 5,757 629,260
Swiss Re, Ltd. (I) 1,144 53,244
Swiss Reinsurance Company, Ltd. (I) 66,782 3,069,415
Swisscom AG 4,493 1,825,633
Syngenta AG (I) 18,245 4,726,537
The Swatch Group AG 8,206 490,412
The Swatch Group AG, BR Shares 5,951 1,950,244
Transocean, Ltd. 61,627 2,964,654
UBS AG (Swiss Exchange) (I) 701,839 7,989,222
Wolseley PLC 53,743 1,337,835
Xstrata PLC 400,239 5,019,570
Zurich Financial Services AG (I) 28,090 5,815,359
 
    157,177,405
United Kingdom - 18.17%    
3i Group PLC 183,406 533,525
Admiral Group PLC 38,050 745,995
Aggreko PLC 51,306 1,295,735
AMEC PLC 62,816 790,085
Anglo American PLC 255,066 8,796,111
Antofagasta PLC 76,057 1,079,895
ARM Holdings PLC 259,622 2,222,095
Associated British Foods PLC 67,296 1,154,194
AstraZeneca PLC 265,942 11,775,031
Autonomy Corp. PLC (I) 44,558 1,764,954
Aviva PLC 552,103 2,608,763
Babcock International Group PLC 67,755 688,716
BAE Systems PLC 659,181 2,717,610

 

International Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Balfour Beatty PLC 129,669 $ 512,294
Barclays PLC 2,233,036 5,481,714
BG Group PLC 653,647 12,446,942
BHP Billiton PLC 412,174 10,921,775
BP PLC 3,639,869 21,831,591
British American Tobacco PLC 383,375 16,249,329
British Land Company PLC 162,662 1,201,242
British Sky Broadcasting Group PLC 219,716 2,255,757
BT Group PLC 1,497,080 4,013,106
Bunzl PLC 62,466 741,932
Burberry Group PLC 84,079 1,521,956
Cairn Energy PLC (I) 264,518 1,146,391
Capital Shopping Centres Group PLC 105,478 535,851
Carnival PLC 34,563 1,069,509
Centrica PLC 995,950 4,578,319
Cobham PLC 218,084 591,541
Compass Group PLC 365,382 2,954,654
Diageo PLC 482,794 9,185,527
Eurasian Natural Resources Corp. 48,649 433,265
G4S PLC 266,433 1,104,685
GKN PLC 299,653 810,112
GlaxoSmithKline PLC 995,055 20,544,382
Hammerson PLC 133,514 779,273
Home Retail Group PLC 62 108
HSBC Holdings PLC 3,436,241 26,188,772
ICAP PLC 106,019 673,895
Imperial Tobacco Group PLC 196,445 6,634,048
Inmarsat PLC 86,999 661,004
Intercontinental Hotels Group PLC 54,819 889,912
International Consolidated Airlines    
Group SA (London) (I) 175,835 414,002
International Power PLC 294,660 1,395,857
Intertek Group PLC 30,140 864,159
Invensys PLC 152,933 531,494
Investec PLC 91,328 492,534
ITV PLC (I) 697,831 640,281
J Sainsbury PLC 229,118 973,377
Johnson Matthey PLC 40,552 992,605
Kazakhmys PLC 40,443 495,236
Kingfisher PLC 455,926 1,747,641
Land Securities Group PLC 149,097 1,485,080
Legal & General Group PLC 1,132,448 1,694,843
Lloyds Banking Group PLC (I) 7,952,077 4,216,670
London Stock Exchange Group PLC 28,172 353,497
Lonmin PLC, ADR 30,580 497,405
Man Group PLC 354,984 918,073
Marks & Spencer Group PLC 305,673 1,485,993
National Grid PLC 677,091 6,713,407
Next PLC 34,021 1,331,668
Old Mutual PLC 1,066,323 1,724,060
Pearson PLC 156,884 2,761,381
Petrofac, Ltd. 48,976 906,106
Prudential PLC 491,377 4,205,786
Reckitt Benckiser Group PLC 119,378 6,035,383
Reed Elsevier PLC 234,617 1,787,345
Resolution, Ltd. 282,882 1,085,787
Rexam PLC 165,630 794,307
Rio Tinto PLC 274,949 12,143,095
Rolls-Royce Holdings PLC (I) 361,095 3,310,794
Royal Bank of Scotland Group PLC (I) 3,315,504 1,186,948
RSA Insurance Group PLC 680,134 1,166,618
SABMiller PLC 183,694 5,970,424
Schroders PLC 21,353 423,670
Scottish & Southern Energy PLC 180,692 3,613,637
Segro PLC 140,086 478,296

 

228

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Index Trust (continued)  
  Shares or   
  Principal   
  Amount  Value
 
COMMON STOCKS (continued)      
United Kingdom (continued)      
Serco Group PLC   93,173 $ 738,230
Severn Trent PLC   44,791 1,071,847
Smith & Nephew PLC   172,147 1,547,703
Smiths Group PLC   74,060 1,141,010
Standard Chartered PLC   458,502 9,151,418
Standard Life PLC   449,144 1,390,995
Subsea 7 SA (I)   53,160 1,010,663
Tesco PLC   1,552,253 9,079,830
The Capita Group PLC   115,729 1,264,913
The Sage Group PLC   249,513 989,294
The Weir Group PLC   39,812 953,904
TUI Travel PLC   95,042 219,008
Tullow Oil PLC   171,637 3,482,290
Unilever PLC   247,531 7,754,098
United Utilities Group PLC   128,744 1,246,924
Vedanta Resources PLC   22,617 385,138
Vodafone Group PLC   9,888,733 25,536,127
Whitbread PLC   33,516 821,200
WM Morrison Supermarket PLC   426,723 1,924,184
 
      336,677,830
United States - 0.18%      
Sims Group, Ltd.   31,074 368,998
Synthes, Inc. (S)   12,595 2,036,487
Thomson Reuters Corp.   32,567 880,612
 
      3,286,097
TOTAL COMMON STOCKS (Cost $1,732,553,997) $ 1,747,750,171
 
PREFERRED SECURITIES - 0.43%      
Germany - 0.43%      
Bayerische Motoren Werke (BMW) AG $ 9,889 $ 461,077
Henkel AG & Company KGaA   34,403 1,828,030
Porsche Automobil Holding SE   29,534 1,413,798
ProSiebenSat.1 Media AG   14,527 254,332
RWE AG   7,405 254,057
Volkswagen AG   27,892 3,690,107
 
      7,901,401
TOTAL PREFERRED SECURITIES (Cost $6,446,724) $ 7,901,401
 
INVESTMENT COMPANIES - 4.15%      
United States - 4.15%      
iShares MSCI EAFE Index Fund (L)   1,612,455 76,994,726
TOTAL INVESTMENT COMPANIES (Cost $81,797,593) $ 76,994,726
 
RIGHTS - 0.01%      
Banco Bilbao Vizcaya Argentaria SA      
(Expiration Date: 10/20/2011, Strike Price:    
EUR 0.49) (I)(L)   833,943 122,900
CaixaBank (Expiration Date: 10/13/2011,      
Strike Price: EUR 1.00) (I)   144,238 11,788
TOTAL RIGHTS (Cost $137,488)   $ 134,688
 
SECURITIES LENDING COLLATERAL - 1.40%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   2,591,822 25,931,699
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $25,930,194)   $ 25,931,699

 

International Index Trust (continued)  
  Shares or   
  Principal   
   Amount Value
 
SHORT-TERM INVESTMENTS - 1.21%      
U.S. Government & Agency      
Obligations* - 0.01%      
Federal Home Loan Bank Discount      
Notes 0.005%, 10/28/2011 $  250,000 $ 249,999
Repurchase Agreement - 1.20%      
Repurchase Agreement with State Street Corp.      
dated 09/30/2011 at 0.010% to be      
repurchased at $22,141,018 on 10/03/2011,      
collateralized by $17,030,000 U.S. Treasury      
Notes, 4.6250% due 2/15/2040 (valued at      
$22,586,207, including interest) 22,141,000 22,141,000
TOTAL SHORT-TERM INVESTMENTS (Cost $22,390,999) $ 22,390,999
Total Investments (International Index Trust)      
(Cost $1,869,256,995) - 101.54%   $ 1,881,103,684
Other assets and liabilities, net - (1.54%)     (28,539,396)
 
TOTAL NET ASSETS - 100.00%   $ 1,852,564,288
 
 
 
International Opportunities Trust    
  Shares or   
  Principal   
   Amount Value
 
COMMON STOCKS - 96.69%      
Argentina - 2.22%      
Arcos Dorados Holdings, Inc., Class A 166,060 $ 3,850,931
MercadoLibre, Inc. 89,465 4,808,744
 
      8,659,675
Belgium - 2.48%      
Anheuser-Busch InBev NV 182,006 9,652,398
Brazil - 4.63%      
Anhanguera Educacional Participacoes SA 181,700 2,338,593
BR Malls Participacoes SA 532,100 5,436,320
OGX Petroleo e Gas Participacoes SA (I) 1,675,700 10,248,930
 
      18,023,843
Canada - 6.99%      
Canadian National Railway Company 152,466 10,151,186
Imax Corp. (I) 135,146 1,956,914
Pacific Rubiales Energy Corp. 342,369 7,253,165
Potash Corp. of Saskatchewan, Inc. 182,046 7,868,028
 
      27,229,293
China - 4.13%      
Baidu, Inc., ADR (I) 82,352 8,804,252
CNOOC, Ltd. 2,297,500 3,679,803
SINA Corp. (I) 50,280 3,600,551
 
      16,084,606
Denmark - 2.71%      
Novo Nordisk A/S 63,818 6,344,277
Novozymes A/S, Class B 29,587 4,208,968
 
      10,553,245
France - 4.98%      
Pernod-Ricard SA 66,214 5,191,725
Publicis Groupe SA 97,236 4,070,956
Schneider Electric SA 188,417 10,144,096
 
      19,406,777
Germany - 6.18%      
Adidas AG 104,073 6,279,381
BASF SE 68,956 4,183,907

 

229

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Opportunities Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
Bayerische Motoren Werke (BMW) AG 100,568 $ 6,663,664
Infineon Technologies AG 371,888 2,738,752
Siemens AG 46,713 4,220,154
 
    24,085,858
Hong Kong - 7.12%    
Belle International Holdings, Ltd. 2,524,000 4,319,074
China Unicom Hong Kong, Ltd. 5,156,000 10,541,203
Hang Lung Properties, Ltd. 1,809,000 5,348,131
Li & Fung, Ltd. 4,558,000 7,517,279
 
    27,725,687
India - 1.21%    
ICICI Bank, Ltd., ADR 135,913 4,718,899
Ireland - 5.20%    
Accenture PLC, Class A 123,715 6,517,306
Experian PLC 580,237 6,527,789
Shire PLC 230,867 7,198,858
 
    20,243,953
Italy - 0.33%    
Prada SpA (I) 305,100 1,266,443
Japan - 10.31%    
Canon, Inc. 138,300 6,261,125
Dena Company, Ltd. 78,000 3,263,144
FANUC Corp. 44,600 6,140,472
Honda Motor Company, Ltd. 133,600 3,917,150
Hoya Corp. 190,800 4,397,106
Komatsu, Ltd. 178,000 3,843,767
Marubeni Corp. 666,000 3,724,385
Sumitomo Realty &    
Development Company, Ltd. 232,000 4,458,044
Yamada Denki Company, Ltd. 59,160 4,130,409
 
    40,135,602
Luxembourg - 2.54%    
Millicom International Cellular SA 99,804 9,890,576
Mexico - 1.02%    
Wal-Mart de Mexico SAB de CV 1,733,300 3,974,412
Netherlands - 5.42%    
ASML Holding NV 340,949 11,847,360
Sensata Technologies Holding NV (I) 281,165 7,439,626
Yandex Nv, Class A (I) 89,440 1,825,470
 
    21,112,456
Singapore - 1.42%    
Genting Singapore PLC (I) 4,751,000 5,521,204
Spain - 1.96%    
Inditex SA 89,082 7,628,779
Sweden - 0.93%    
Hennes & Mauritz AB, B Shares 121,512 3,629,701
Switzerland - 10.22%    
Julius Baer Group, Ltd. (I) 276,855 9,226,074
Nestle SA 108,515 5,965,105
Roche Holdings AG 67,800 10,907,779
The Swatch Group AG, BR Shares 25,919 8,494,097
Xstrata PLC 416,536 5,223,958
 
    39,817,013
Taiwan - 2.86%    
Taiwan Semiconductor Manufacturing    
Company, Ltd., ADR 974,095 11,133,906
United Kingdom - 10.36%    
ARM Holdings PLC 661,606 5,662,660

 

International Opportunities Trust (continued)
   Shares or  
   Principal  
   Amount Value
 
COMMON STOCKS (continued)      
United Kingdom (continued)      
British Sky Broadcasting Group PLC 830,476 $ 8,526,245
Reed Elsevier PLC 557,746 4,248,986
Rolls-Royce Holdings PLC (I) 636,674 5,837,513
Standard Chartered PLC 427,507 8,532,780
Tullow Oil PLC 372,362 7,554,737
 
      40,362,921
United States - 1.47%      
Wynn Resorts, Ltd. 49,755 5,725,805
TOTAL COMMON STOCKS (Cost $421,907,774)   $ 376,583,052
 
SHORT-TERM INVESTMENTS - 4.37%      
Money Market Funds - 4.37%      
State Street Institutional Treasury Money      
Market Fund, 0.0000% (Y) $  17,007,669 $ 17,007,669
TOTAL SHORT-TERM INVESTMENTS (Cost $17,007,669) $ 17,007,669
Total Investments (International Opportunities Trust)    
(Cost $438,915,443) - 101.06%   $ 393,590,721
Other assets and liabilities, net - (1.06%)     (4,120,333)
 
TOTAL NET ASSETS - 100.00%   $ 389,470,388
 
 
 
 
International Small Company Trust    
   Shares or  
   Principal  
   Amount Value
 
COMMON STOCKS - 95.45%      
Australia - 7.53%      
Acrux, Ltd. (I) 36,231 $ 109,369
Adamus Resources, Ltd. (I) 29,271 18,258
Adelaide Brighton, Ltd. 38,741 96,976
Aditya Birla Minerals, Ltd. 16,006 12,819
AED Oil, Ltd. (I) 17,758 2,492
AJ Lucas Group, Ltd. (I) 6,337 8,279
Alesco Corp., Ltd. 8,274 10,717
Alkane Resources, Ltd. (I) 4,321 4,590
Alliance Resources, Ltd. (I) 22,348 3,391
Allied Gold, Ltd. (I) 3,319 8,920
Amalgamated Holdings, Ltd. 8,898 48,730
Ansell, Ltd. 11,256 140,859
Anvil Mining, Ltd. (I) 16,700 122,075
APN News & Media, Ltd. 27,123 21,756
Arafura Resources, Ltd. (I) 20,511 11,023
ARB Corp., Ltd. 8,300 64,711
Aristocrat Leisure, Ltd. 27,834 55,488
ASG Group, Ltd. 14,304 11,375
Aurora Oil and Gas, Ltd. (I) 34,600 73,591
Ausdrill, Ltd. 37,368 96,208
Ausenco, Ltd. 7,289 15,372
Austal, Ltd. 12,187 25,574
Austar United Communications, Ltd. (I) 68,790 76,373
Austbrokers Holdings, Ltd 4,308 25,142
Austin Engineering, Ltd. 7,179 24,007
Australian Agricultural Company, Ltd. (I) 12,266 16,070
Australian Infrastructure Fund 56,281 97,588
Australian Worldwide Exploration, Ltd. (I) 36,008 35,274
Automotive Holdings Group 35,542 65,366
Avexa, Ltd. (I) 96,403 3,840
Bandanna Energy Ltd. (I) 16,730 10,355
Bank of Queensland, Ltd. 1,731 11,836
Beach Energy, Ltd. 119,676 123,282

 

230

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Beadell Resources, Ltd. (I) 52,180 $ 36,052
Billabong International, Ltd. (L) 8,412 26,493
Biota Holdings, Ltd. (I) 13,694 10,528
Blackmores, Ltd. 1,430 41,743
Bow Energy, Ltd. (I) 27,753 39,034
Bradken, Ltd. 12,037 75,577
Brickworks, Ltd. 1,798 16,342
BT Investment Management, Ltd. 3,141 5,941
Buru Energy, Ltd. (I) 31,343 19,275
Cabcharge Australia, Ltd. 9,047 37,611
Cape Lambert Iron Ore, Ltd. (I) 61,857 21,933
Cardno, Ltd. 2,721 11,975
Carnarvon Petroleum, Ltd. (I) 44,251 5,942
Carsales.com.au, Ltd. (L) 7,284 33,068
Catalpa Resources, Ltd. (I) 11,586 17,339
Centamin Egypt, Ltd. (I) 88,755 129,197
Centrex Metals, Ltd. (I) 12,831 3,395
Chandler Macleod, Ltd. 23,343 6,702
Citigold Corp., Ltd. (I) 12,839 923
Clough, Ltd. 20,047 14,252
Coal of Africa, Ltd. (I) 28,467 22,281
Coalspur Mines, Ltd. (I) 22,551 29,555
Cockatoo Coal, Ltd. (I) 84,085 29,744
Coffey International, Ltd. (I) 14,374 6,389
Compass Resources, Ltd. (I) 15,577 2,261
ConnectEast Group 224,097 117,839
Conquest Mining, Ltd. (I) 36,248 15,801
Consolidated Media Holdings, Ltd. 18,638 42,691
CSG, Ltd. 23,845 24,241
CSR, Ltd. 40,665 90,520
CuDeco, Ltd. (I) 8,580 28,147
Cue Energy Resources, Ltd. (I) 5,000 1,045
Customers, Ltd. 7,612 5,894
Deep Yellow, Ltd. (I) 57,118 6,698
Devine, Ltd. 33,869 6,726
Discovery Metals, Ltd. (I) 22,724 28,293
Duet Group 86,556 134,471
Duluxgroup, Ltd. 21,139 50,896
DWS Advanced Business Solutions, Ltd. 12,684 14,693
Dyesol, Ltd. (I) 14,530 4,165
Eastern Star Gas, Ltd. (I) 49,270 36,143
Elders, Ltd. (I) 48,521 13,387
Emeco Holdings, Ltd. 61,822 57,683
Energy World Corp., Ltd. (I) 75,962 37,068
Envestra, Ltd. 78,410 49,829
Fantastic Holdings, Ltd. 4,687 8,959
FKP Property Group, Ltd. 71,930 30,740
Fleetwood Corp., Ltd. 5,028 54,149
FlexiGroup, Ltd. 15,968 33,484
Flinders Mines, Ltd. (I) 102,814 12,088
Focus Minerals, Ltd. (I) 124,710 7,306
Gascoyne Resources, Ltd. (I) 2,573 612
Gindalbie Metals, Ltd. (I) 45,437 20,664
Goodman Fielder, Ltd. 147,951 68,723
GrainCorp., Ltd. 12,585 86,533
Grange Resources Corp., Ltd. 132,454 49,318
Great Southern Plantations, Ltd. (I) 49,118 0
Gryphon Minerals, Ltd. (I) 15,128 18,886
GUD Holdings, Ltd. 6,130 41,849
Gujarat NRE Coking Coal, Ltd. (I) 3,510 736
Gunns, Ltd. (I) 91,122 12,845
GWA International, Ltd. 26,498 50,822
Hastie Group, Ltd. (I) 24,923 2,246
Hillgrove Resources Ltd. (I) 71,641 15,194
Hills Industries, Ltd. 29,039 27,721

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Horizon Oil, Ltd. (I) 90,132 $ 15,678
Icon Energy, Ltd. (I) 53,263 7,892
iiNET, Ltd. 7,036 14,662
Imdex, Ltd. 15,820 24,189
IMFAustralia, Ltd. 10,109 13,619
Independence Group NL 16,822 68,983
Indophil Resources NL (I) 145,281 43,611
Industrea, Ltd. 28,662 33,091
Infigen, Ltd. 81,696 17,847
Integra Mining, Ltd. (I) 58,809 26,323
International Ferro Metals, Ltd. (I) 24,339 6,647
Intrepid Mines, Ltd. (I) 38,954 34,205
Invocare, Ltd. 9,175 60,726
IOOF Holdings, Ltd. 24,446 126,291
Iress Market Technology, Ltd. 8,667 58,111
Ivanhoe Australia, Ltd. (I) 6,152 5,554
JB Hi-Fi, Ltd. (L) 6,805 98,563
Kagara Zinc, Ltd. (I) 48,216 18,087
Karoon Gas Australia, Ltd. (I) 6,513 17,443
Kingsgate Consolidated, Ltd. 10,049 69,479
Linc Energy, Ltd. (I) 22,798 40,309
M2 Telecommunications Group, Ltd. 10,638 30,163
Macmahon Holdings, Ltd. (I) 67,462 38,392
Matrix Composites & Engineering, Ltd. 1,943 6,176
Mcmillan Shakespeare, Ltd. 4,446 36,158
McPherson’s, Ltd. 6,941 15,954
Medusa Mining, Ltd. 14,817 96,852
Mermaid Marine Australia, Ltd. 14,850 45,136
Metals X, Ltd. (I) 159,375 33,853
Mincor Resources NL 19,890 13,093
Mineral Deposits, Ltd. (I) 4,722 21,047
Mirabela Nickel, Ltd. (I) 38,240 48,803
Molopo Australia, Ltd. (I) 5,287 3,564
Monadelphous Group, Ltd. 5,137 85,093
Mortgage Choice, Ltd. 13,052 15,110
Mount Gibson Iron, Ltd. 10,942 13,827
Murchison Metals, Ltd. (I)(L) 28,318 8,892
Myer Holdings, Ltd. (L) 47,502 92,482
Navitas, Ltd. 65,859 242,854
Nexus Energy, Ltd. (I) 112,125 14,783
NIB Holdings, Ltd. 43,000 56,928
Nido Petroleum, Ltd. (I) 140,525 5,137
Norton Gold Fields, Ltd. (I) 60,831 11,125
NRW Holdings, Ltd. 18,377 40,266
Nufarm, Ltd. (I) 8,958 36,406
Oakton, Ltd. 7,538 13,065
OceanaGold Corp. (I) 11,362 25,805
OrotonGroup, Ltd. 5,244 38,557
Otto Energy, Ltd. (I) 63,569 4,827
Pacific Brands, Ltd. 68,225 43,545
Pan Pacific Petroleum NL (I) 39,039 4,298
PaperlinX, Ltd. (I) 67,848 4,659
Peet & Company, Ltd. 9,595 10,692
Perilya, Ltd. (I) 40,946 18,227
Perpetual Trust of Australia, Ltd. 2,322 45,640
Perseus Mining, Ltd. (I) 37,732 110,767
Pharmaxis, Ltd. (I) 19,037 13,302
Photon Group, Ltd. (I) 90,032 2,568
Platinum Australia, Ltd. (I) 36,360 5,311
PMP, Ltd. 32,750 21,059
Port Bouvard, Ltd. (I) 24,303 1,192
Premier Investments, Ltd. 4,278 21,509
Primary Health Care, Ltd. 38,104 108,042
Prime Retirement & Aged    
Care Property Trust (I) 14,396 669

 

231

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Australia (continued)    
Programmed Maintenance Services, Ltd. 12,923 $ 25,032
Ramelius Resources, Ltd. (I) 2,953 4,049
REA Group, Ltd. 12,806 142,966
Reckon, Ltd. 17,119 41,397
Redflex Holdings, Ltd. 3,279 5,526
Regis Resources, Ltd. (I) 21,459 53,805
Resolute Mining, Ltd. (I) 56,262 82,074
Resource Generation, Ltd. (I) 9,069 3,383
Retail Food Group, Ltd. 5,468 11,940
Ridley Corp., Ltd. 32,485 33,145
Roc Oil Company, Ltd. (I) 64,961 18,790
SAI Global, Ltd. 15,526 70,141
Sally Malay Mining, Ltd. 21,653 24,353
Sandfire Resources Nl (I) 5,955 34,147
Saracen Mineral Holdings, Ltd. (I) 15,052 9,821
Sedgman, Ltd. 12,987 23,192
ServCorp, Ltd. 5,074 13,335
Sigma Pharmaceuticals, Ltd. (I) 207,664 129,086
Silex Systems, Ltd. (I) 7,499 18,453
Silver Lake Resources, Ltd. (I) 20,261 49,656
Sirtex Medical, Ltd. 2,941 12,097
Skilled Group, Ltd. 2,882 4,715
SMS Management & Technology, Ltd. 7,356 38,175
Southern Cross Media Group, Ltd. 75,355 68,836
Spark Infrastructure Group (S) 94,859 113,569
Specialty Fashion Group, Ltd. 12,034 6,358
Spotless Group, Ltd. 11,579 19,850
St. Barbara, Ltd. (I) 30,394 60,008
Straits Metals, Ltd. (I) 26,265 17,526
Strike Resources, Ltd. (I) 14,267 3,466
STW Communications Group, Ltd. 23,084 19,972
Sundance Resources, Ltd. (I) 208,144 84,501
Super Cheap Auto Group, Ltd. 11,052 66,904
Talent2 International, Ltd. 3,808 4,246
Technology One, Ltd. 17,402 17,732
Ten Network Holdings, Ltd. 43,938 36,976
TFS Corp., Ltd. 19,836 12,909
Thakral Holdings Group, Ltd. 84,502 41,343
The Reject Shop, Ltd. 2,561 23,293
Tiger Resources, Ltd. (I) 50,647 20,777
Tox Free Solutions, Ltd. 8,380 16,915
TPG Telecom, Ltd. 108,688 147,142
Transfield Services, Ltd. 40,071 71,697
Transpacific Industries Group, Ltd. (I) 18,498 10,911
Troy Resources NL (I) 6,603 26,168
UXC, Ltd. (I) 17,598 8,863
Village Roadshow, Ltd. 27,942 73,344
Virgin Blue Holdings, Ltd. (I) 359,466 107,231
Watpac, Ltd. 11,170 13,505
Webjet, Ltd. 10,889 19,768
Western Areas NL (L) 10,130 41,561
White Energy Company, Ltd. (I) 9,845 13,812
Wide Bay Australia, Ltd. 607 4,360
Windimurra Vanadium, Ltd. (I) 26,337 0
Wotif.com Holdings, Ltd. (L) 6,934 26,259
 
    7,760,581
Austria - 0.74%    
Austriamicrosystems AG 1,784 70,113
BWT AG 474 9,681
CA Immobilien Anlagen AG (I) 722 8,787
Cat Oil AG 3,036 16,201
EVN AG 1,566 22,595
Flughafen Wien AG 1,080 46,191
Frauenthal Holdings AG 179 2,147

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Austria (continued)    
Intercell AG (I) 3,233 $ 8,669
Mayr-Melnhof Karton AG 491 44,191
Oesterreichische Post AG 4,652 132,468
Palfinger AG 1,137 23,794
RHI AG 2,979 58,935
Rosenbauer International AG 6 255
S&T System Integration & Technology    
Distribution AG (I) 495 962
Schoeller-Bleckmann Oilfield    
Equipment AG 1,435 98,261
Strabag SE 603 18,450
Wienerberger Baustoffindustrie AG 8,352 97,671
Zumtobel AG 5,975 102,326
 
    761,697
Belgium - 1.23%    
Ackermans & Van Haaren NV (I) 1,939 136,316
AGFA Gevaert NV (I) 50,192 103,898
Arseus NV 1,641 22,674
Banque Nationale de Belgique 9 26,410
Barco NV 780 35,416
Compagnie d’Entreprises CFE 687 36,425
Compagnie Maritime Belge SA (I) 1,387 32,264
D’ieteren SA 4,540 225,997
Deceuninck Plastics NV (I) 7,720 13,919
Devgen (I) 964 5,370
Econocom Group SA 1,236 21,627
Elia System Operator SA (I) 534 163
Elia System Operator SA/NV 2,673 108,498
Euronav NV (I) 2,340 13,435
EVS Broadcast Equipment SA 811 42,126
Exmar NV 836 4,619
Galapagos NV (I) 2,443 19,247
Gimv NV 22 1,077
Kinepolis Group NV (I) 719 53,219
Melexis NV 1,922 23,372
Nyrstar (I) 19,549 120,970
Omega Pharma SA (I) 2,269 104,679
Sipef SA 356 27,552
Tessenderlo Chemie NV 1,465 36,942
ThromboGenics NV (I) 1,612 36,765
Van De Velde NV (I) 356 16,042
 
    1,269,022
Bermuda - 0.48%    
Catlin Group, Ltd. 29,902 172,391
Golden Ocean Group, Ltd. 34,000 23,157
Hardy Underwriting Bermuda, Ltd. 3,161 10,538
Hiscox, Ltd. 23,931 136,647
Lancashire Holdings, Ltd. 13,824 148,023
Neway Group Holdings, Ltd. 760,000 7,991
 
    498,747
Canada - 9.58%    
5N Plus, Inc. (I) 2,100 14,709
Aastra Technologies, Ltd 2,000 28,152
Absolute Software Corp. (I) 3,900 14,664
Advantage Oil & Gas, Ltd. (I) 19,300 72,750
Aecon Group, Inc. 5,300 37,933
AG Growth International, Inc. 1,400 50,060
AGF Management, Ltd. 5,300 76,675
Akita Drilling, Ltd. 1,500 13,885
Alexco Resource Corp. (I) 4,800 32,705
Algonquin Power & Utilities Corp. 6,600 36,215
Alliance Grain Traders, Inc. 318 6,767
Altagas, Ltd. 4,100 105,953

 

232

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Alterra Power Corp. (I) 15,708 $ 7,945
Altius Minerals Corp. (I) 3,100 31,890
Anderson Energy, Ltd. (I) 8,700 3,570
Angle Energy, Inc. (I) 5,300 32,825
Antrim Energy, Inc. (I) 15,500 11,981
Argosy Energy, Inc. (I) 26 59
Astral Media, Inc. 4,649 144,497
Atrium Innovations, Inc. (I) 3,300 41,411
ATS Automation Tooling Systems, Inc. (I) 8,247 48,401
Augusta Resource Corp. (I) 9,500 28,104
Aura Minerals, Inc. (I) 10,300 11,500
Aurico Gold Incaurico Gold Inc (I) 12,500 117,974
Aurizon Mines, Ltd. (I) 14,000 71,476
Avalon Rare Metals, Inc. (I) 5,100 13,481
Avion Gold Corp. (I) 22,909 43,942
B2Gold Corp. (I) 16,306 60,687
Bankers Petroleum, Ltd. (I) 24,300 81,162
Bellatrix Exploration, Ltd. (I) 3,906 12,562
Bioteq Environment Technologies, Inc. (I) 500 134
Birch Mountain Resources, Ltd. (I) 9,200 14
Birchcliff Energy, Ltd. (I) 9,700 94,232
Black Diamond Group, Ltd. 2,750 35,559
BlackPearl Resources, Inc. (I) 37,800 134,549
Bonterra Energy Corp. 1,700 72,630
Boralex, Inc. (I) 2,500 16,605
Burcon NutraScience Corp. (I) 2,500 14,791
Calfrac Well Services, Ltd. 2,100 49,078
Calvalley Petroleums, Inc. (I) 10,640 11,271
Canaccord Capital, Inc. 5,300 48,301
Canada Bread Company, Ltd. 2,160 91,211
Canadian Energy Services    
& Technology Corp. 4,701 47,104
Canam Group, Inc. 4,200 15,431
Candente Gold Corp. (I) 1,760 554
Canfor Corp. (I) 16,240 162,106
Canfor Pulp Products, Inc. 1,315 15,623
Cangene Corp. (I) 100 140
Capstone Mining Corp. (I) 23,967 55,349
Cardero Resource Corp. (I) 7,100 6,504
Cardiome Pharma Corp. (I) 6,200 21,181
Carpathian Gold, Inc. (I) 24,200 12,240
Cascades, Inc. 7,600 28,285
CCL Industries, Inc. 3,600 95,952
CE Franklin, Ltd. (I) 614 4,980
Celestica, Inc. (I) 15,400 111,837
Celtic Exploration, Ltd. (I) 1,489 32,071
China Gold    
International Resources Corp., Ltd. (I) 17,500 47,929
Chinook Energy, Inc. (I) 3,544 5,208
Cineplex, Inc. 762 19,125
Clarke, Inc. (I) 2,800 12,585
Claude Resources, Inc. (I) 532 965
Cline Mining Corp. (I) 9,200 9,921
Cogeco Cable, Inc. 535 24,379
Cogeco, Inc. 45 1,889
Colossus Minerals, Inc. (I) 4,300 22,938
COM DEV International, Ltd. (I) 8,800 13,604
Compton Petroleum Corp. (I) 109 645
Computer Modelling Group Ltd. 200 2,540
Connacher Oil and Gas, Ltd. (I) 52,700 16,345
Constellation Software, Inc. 1,300 88,701
Corridor Resources, Inc. (I) 4,930 10,350
Corus Entertainment, Inc. 7,282 137,245
Corvus Gold, Inc. (I) 1,150 571
Cott Corp. (I) 8,900 61,066

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Crew Energy, Inc. (I) 11,300 $ 100,071
Davis & Henderson Income Corp. 1,133 18,002
Daylight Energy, Ltd. 15,464 78,213
Delphi Energy Corp. (I) 23,445 33,560
Denison Mines Corp. (I)(L) 33,028 35,300
Diagnocure, Inc. (I) 800 626
Dorel Industries, Inc., Class B 3,200 68,098
Dundee Capital Markets, Inc. (I) 3,853 2,868
Dundee Precious Metals, Inc. (I) 11,000 85,762
Eastern Platinum, Ltd. (I) 140,500 93,854
Eastmain Resources, Inc. (I) 7,100 7,453
Easyhome, Ltd. 1,446 9,866
Eco Oro Minerals Corp. (I) 7,400 13,064
Enbridge Income Fund Holdings, Inc. 65 1,141
Endeavour Silver Corp. (I) 5,307 47,808
Enerflex, Ltd. 4,700 39,245
Entree Gold, Inc. (I) 7,400 10,169
Equitable Group, Inc. 400 8,348
Essential Energy Services, Ltd. (I) 3,768 5,502
European Goldfields, Ltd. (I) 14,109 111,886
Evertz Technologies, Ltd. 1,412 17,045
Exco Technologies, Ltd. 2,900 9,243
Exeter Resource Corp. (I) 230 843
Fairborne Energy, Ltd. (I) 8,600 22,979
First Majestic Silver Corp (I) 2,400 36,622
FirstService Corp. (I) 2,700 69,851
Flint Energy Services, Ltd. (I) 3,996 37,943
Forsys Metals Corp. (I) 400 218
Fortress Paper, Ltd. (I) 900 28,695
Fortuna Silver Mines, Inc. (I) 6,199 30,761
Fortune Minerals, Ltd. (I) 2,450 1,917
Galleon Energy, Inc. (I) 9,800 22,538
Garda World Security Corp. (I) 6,400 43,974
GBS Gold International, Inc. (I) 13,800 0
Genivar, Inc. 73 1,480
Gennum Corp. 2,342 14,415
Geomark Exploration, Inc. (I) 24 18
Glacier Media, Inc. 6,100 11,817
Glentel, Inc. 1,400 23,046
GLG Life Tech Corp. (I) 2,200 7,558
Gluskin Sheff & Associates, Inc. 1,300 20,606
GMP Capital, Inc. 2,980 20,674
Gran Tierra Energy, Inc. (I) 14,288 67,765
Grande Cache Coal Corp. (I) 11,500 45,653
Great Canadian Gaming Corp. (I) 700 5,117
Great Panther Silver, Ltd. (I) 14,100 35,388
Guyana Goldfields, Inc. (I) 6,600 49,505
Hanfeng Evergreen, Inc. (I) 200 401
Harry Winston Diamond Corp. (I) 7,361 74,881
Heroux-Devtek, Inc. (I) 1,600 11,467
High River Gold Mines, Ltd. (I) 310 391
Home Capital Group, Inc. 2,300 95,696
Horizon North Logistics, Inc. 648 2,430
Imax Corp. (I) 7,214 104,572
Imperial Metals Corp. (I) 2,300 42,054
Innergex Renewable Energy, Inc. 3,506 31,283
Insignia Energy, Ltd. (I) 3,910 5,186
International Forest Products, Ltd. (I) 2,050 7,806
International Tower Hill Mines, Ltd. (I) 2,300 11,699
Intertape Polymer Group, Inc. (I) 4,500 8,674
Isotechnika Pharma, Inc. (I) 3,200 366
Ivanhoe Energy, Inc. (I) 25,500 27,498
Just Energy Group, Inc. 340 3,251
KAB Distribution, Inc. (I) 7,076 3
Katanga Mining, Ltd. (I) 107,552 113,926

 

233

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Keegan Resources, Inc. (I) 8,100 $ 40,813
Killam Properties Inc. 229 2,338
Kimber Resources, Inc. (I) 250 332
Kingsway Financial Services, Inc. (I) 8,100 5,720
Kirkland Lake Gold, Inc. (I) 4,400 71,339
La Mancha Resources, Inc. (I) 17,200 36,767
Labopharm, Inc. (I) 7,200 1,924
Lake Shore Gold Corp. (I) 24,100 36,567
Laurentian Bank of Canada 2,914 124,552
Le Chateau, Inc. 1,700 6,165
Legacy Oil & Gas, Inc. (I) 6,969 53,869
Leon’s Furniture, Ltd. 5,926 67,522
Linamar Corp. 4,251 55,414
MacDonald Dettwiler    
& Associates, Ltd. (L) 2,906 131,559
MAG Silver Corp. (I) 3,500 27,388
Major Drilling Group International 6,900 68,085
Manitoba Telecom Services, Inc. 1,531 47,366
Maple Leaf Foods, Inc. 5,200 56,471
Martinrea International, Inc. (I) 8,593 54,695
Maxim Power Corp. (I) 4,800 9,711
Mega Uranium, Ltd. (I) 24,000 5,382
Melior Resources, Inc. (I) 6,285 960
Mercator Minerals, Ltd. (I) 19,100 25,518
Migao Corp. (I) 3,000 8,531
Minefinders Corp. (I) 4,374 60,399
Minera Andes, Inc. (I) 25,000 44,374
Mineral Deposits, Ltd. (I) 12,432 25,283
Miranda Technologies, Inc. (I) 3,285 20,909
Mosaid Technologies, Inc. 1,200 43,287
Mullen Group, Ltd. 3,323 59,617
Nal Energy Corp. 8,558 62,884
Nautilus Minerals, Inc. (I) 30,700 71,484
Neo Material Technologies, Inc. (I) 8,900 54,186
Newalta, Inc. 5,900 65,255
NGEx Resources, Inc. (I) 7,821 20,002
Norbord, Inc. (I) 940 7,078
Nordion, Inc. 14,178 125,287
North American Palladium, Ltd. (I) 7,400 18,925
Northern Dynasty Minerals, Ltd. (I) 4,900 26,232
Northgate Minerals Corp. (I) 31,505 105,828
Northland Power, Inc. 4,595 70,291
Novagold Resources, Inc. (I) 1,684 10,944
Noveko International, Inc. (I) 2,600 955
NuVista Energy, Ltd. 9,573 52,255
Oncolytics Biotech, Inc. (I) 4,590 16,031
Open Range Energy Corp. (I) 3,700 31,072
OPTI Canada, Inc. (I) 31,900 2,892
Paladin Labs, Inc. (I) 500 17,693
Pason Systems, Inc. 6,600 83,894
Pelangio Exploration, Inc. (I) 3,900 1,861
Peregrine Diamonds, Ltd. (I) 12,400 13,490
Perpetual Energy, Inc. 1,456 2,751
Petrobank Energy & Resources, Ltd. (I) 678 4,109
Pilot Gold, Inc. (I) 3,109 3,560
Platinum Group Metals, Ltd. (I) 5,000 5,392
Polymet Mining Corp. (I) 7,903 9,729
Pulse Seismic, Inc. 5,782 10,649
Pure Energy Services, Ltd. (I) 1,400 8,484
QLT, Inc. (I) 100 729
Quadra FNX Mining, Ltd. (I) 2,443 21,238
Quebecor, Inc. 1,048 33,203
Queenston Mining, Inc. (I) 6,000 27,484
Questerre Energy Corp. (I) 38,200 26,247
Reitmans Canada, Ltd. 154 2,279

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Reitmans Canada, Ltd., Class A 7,000 $ 101,536
Resverlogix Corp. (I) 3,400 3,731
Richelieu Hardware, Ltd. 1,400 33,173
Rmp Energy Llc (I) 4,700 7,625
RONA, Inc. 10,343 99,788
RS Technologies, Inc. (I) 152 21
Rubicon Minerals Corp. (I) 15,700 54,686
Russel Metals, Inc. 7,189 142,902
Sabina Gold & Silver Corp. (I) 2,375 6,663
San Gold Corp. (I) 15,200 31,621
Sandvine Corp. (I) 18,000 25,938
Savanna Energy Services Corp. (I) 4,594 32,179
Scorpio Mining Corp. (I) 8,900 14,442
Seabridge Gold, Inc. (I) 3,200 72,801
Shawcor, Ltd., Class A 4,204 97,608
Sherritt International Corp. 23,100 96,112
Shore Gold, Inc. (I) 22,600 11,430
Sierra Wireless, Inc. (I) 3,200 22,017
Silver Standard Resources, Inc. (I) 6,600 121,368
Silvercorp Metals, Inc. (L) 20,400 161,386
Softchoice Corp. (I) 400 3,168
Southern Pacific Resource Corp. (I) 3,744 4,287
SouthGobi Energy Resources, Ltd. (I) 4,900 31,096
Sprott Resource Corp. (I) 9,300 35,500
Sprott Resource Lending Corp. 9,200 12,116
Sprott, Inc. 549 3,405
Stantec, Inc. (I) 4,700 104,729
Starfield Resources, Inc. (I) 37,000 1,058
Stella-Jones, Inc. 100 3,474
Student Transportation of America, Ltd. 5,290 29,986
SunOpta, Inc. (I) 6,708 32,711
Superior Plus Corp. 7,400 53,104
Tanzanian Royalty Exploration Corp. (I) 7,400 27,188
Taseko Mines, Ltd. (I) 25,500 64,729
The Cash Store Financial Services, Inc. 2,451 20,770
The Churchill Corp. 1,600 19,987
The Descartes Systems Group, Inc. (I) 6,000 37,217
The North West Company, Inc. 818 14,746
Theratechnologies, Inc. (I) 300 893
Thompson Creek Metals Company, Inc. (I) 11,493 69,645
Timminco, Ltd. (I) 8,700 1,577
TLC Vision Corp. (I) 3,400 9
TMX Group, Inc. 2,582 100,875
Toromont Industries, Ltd. 4,700 73,153
Torstar Corp. 6,800 51,524
Total Energy Services, Inc. 8,400 96,914
Transcontinental, Inc. 7,583 79,021
TransForce, Inc. 7,918 78,205
Transglobe Energy Corp. (I) 5,600 45,104
Transition Therapeutics, Inc. (I) 2,700 4,870
Trinidad Drilling, Ltd. 13,597 78,502
Twin Butte Energy, Ltd. (I) 2,887 4,408
U308 Corp. (I) 2,980 876
Uni-Select, Inc. 1,400 35,003
Vecima Networks, Inc. (I) 2,779 7,956
Veresen, Inc. 2,253 31,691
Vero Energy, Inc. (I) 8,900 20,299
Vitran Corp., Inc. (I) 600 2,388
Wajax Corp. 66 2,009
Webtech Wireless, Inc. (I) 1,700 479
Wesdome Gold Mines, Ltd. 8,000 19,620
West Fraser Timber Company, Ltd. 2,863 108,875
Westfire Energy, Ltd. (I) 2,803 11,261
Westport Innovations, Inc. (I) 4,757 137,957
Wi-LAN, Inc. 9,800 57,328

 

234

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Canada (continued)    
Winpak, Ltd. 200 $ 2,185
Xtreme Coil Drilling Corp. (I) 3,452 9,850
Zargon Oil & Gas, Ltd. 1,173 14,171
Zarlink Semiconductor, Inc. (I) 4,500 17,005
ZCL Composites, Inc. (I) 3,500 10,354
 
    9,863,319
Channel Islands - 0.04%    
Heritage Oil, Ltd. (I) 9,831 35,247
China - 0.05%    
Bund Center Investment, Ltd. (I) 190,000 22,352
Epure International, Ltd. 51,000 16,190
Sunvic Chemical Holdings, Ltd. 40,000 15,726
 
    54,268
Cyprus - 0.06%    
Deep Sea Supply PLC (I) 11,000 13,486
Marfin Popular Bank PLC (I) 7,736 3,709
Songa Offshore SE (I) 14,000 43,317
 
    60,512
Denmark - 0.85%    
ALK-Abello A/S 491 28,163
Alm Brand A/S (I) 5,370 6,839
Amagerbanken A/S (I) 25,580 0
Auriga Industries 1,693 22,471
Bang & Olufsen A/S (I) 3,937 42,986
Bavarian Nordic A/S (I) 1,856 13,285
Capinordic A/S (I) 7,100 638
D/S Norden A/S 2,246 61,758
DFDS A/S 33 2,250
East Asiatic Company, Ltd. A/S 1,511 30,726
Fionia Bank A/S (I) 1,700 0
Genmab A/S (I) 3,300 19,182
GN Store Nord A/S 17,383 106,884
IC Companys A/S 807 19,658
Lan & Spar Bank A/S 225 10,937
NeuroSearch A/S (I) 1,867 7,427
NKT Holding A/S 1,339 48,227
Ostjydsk Bank A/S (I) 222 8,993
Ringkjoebing Landbobank A/S 386 38,506
Roskilde Bank A/S (I) 473 0
Royal Unibrew A/S 750 38,173
Satair A/S 294 30,685
Schouw & Company A/S 1,959 36,328
SimCorp A/S 572 81,776
Solar Holdings A/S 603 23,079
Spar Nord Bank A/S (I) 4,942 30,837
Sydbank A/S 4,851 85,715
Thrane & Thrane A/S 413 15,316
Topdanmark A/S (I) 425 66,475
Torm A/S (I) 199 270
Vestjysk Bank A/S (I) 155 889
 
    878,473
Finland - 2.14%    
Alma Media OYJ 4,110 33,316
Amer Sports OYJ 22,062 277,986
Atria PLC 1,021 7,309
Cargotec Corp. OYJ 5,393 130,299
Cramo OYJ 2,993 25,279
Elektrobit Corp. (I) 2,752 1,723
F-Secure OYJ 7,159 18,645
Finnair OYJ (I) 3,281 12,898
Finnlines OYJ (I) 4,379 45,086
Fiskars Corp. 3,512 66,122

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Finland (continued)    
HK Ruokatalo OYJ 316 $ 1,938
Huhtamaki OYJ 5,884 61,524
Ilkka-Yhtyma OYJ 1,535 13,104
KCI Konecranes OYJ 4,353 87,396
Kemira OYJ 8,272 90,445
Lannen Tehtaat OYJ 696 13,260
M-Real OYJ (I) 44,242 90,659
Olvi OYJ 1,172 23,795
Oriola-KD OYJ 4,895 10,941
Orion OYJ, Series A (L) 4,469 90,580
Orion OYJ, Series B 11,531 232,117
Outotec OYJ 3,485 123,927
PKC Group OYJ 1,196 16,445
Poyry OYJ 2,864 22,442
Raisio OYJ 8,267 26,391
Ramirent OYJ 4,765 29,133
Rapala VMC OYJ 2,298 16,553
Rautaruukki OYJ 6,695 67,155
Ruukki Group OYJ (I) 8,977 11,757
Scanfil OYJ 3,574 9,968
Stockmann OYJ Abp, Series B 3,940 66,074
Tecnomen OYJ (I) 8,945 4,188
Tieto OYJ 4,223 53,261
Tikkurila OYJ 2,068 35,123
Uponor OYJ 4,437 36,470
Vacon OYJ 758 35,265
Vaisala OYJ 206 4,725
YIT OYJ 21,015 315,437
 
    2,208,736
France - 3.24%    
ABC Arbitrage 1,686 14,040
Alten SA 894 24,096
Altran Technologies SA (I) 21,034 93,207
April Group SA 1,212 18,540
Archos SA (I)(L) 313 2,639
Artprice.comartprice.com (I) 66 2,032
Assystem SA 1,693 28,121
Beneteau SA 4,024 57,081
Boiron SA 699 19,060
Bongrain SA 189 12,028
Bourbon SA (L) 4,600 104,451
Boursorama (I) 743 6,365
Bull SA (I) 11,076 47,409
Canal Plus SA 4,707 27,689
Cegedim SA 385 11,757
Club Mediterranee SA (I) 1,227 21,132
Compagnie Plastic Omnium SA 1,499 35,305
Delachaux SA 1,025 112,411
Electricite de Strasbourg SA 81 10,407
Esso SAF 197 18,165
Etablissements Maurel et Prom SA 12,266 200,196
Eurofins Scientific 895 67,689
Financiere Marc de Lacharriere SA 961 35,403
GameLoft SA (I) 3,348 16,276
GFI Informatique SA (I) 7,671 29,638
GL Events SA 213 5,730
Groupe Steria SA 2,929 49,140
Guerbet SA 157 13,010
Guyenne & Gascogne SA 317 33,661
Haulotte Group (I) 1,924 16,333
Havas SA 35,098 127,928
IMS International Metal Service (I) 2,200 27,381
Infogrames Entertainment SA (I) 2,501 5,040
Ingenico SA 96 3,606

 

235

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
France (continued)    
Ipsen SA 383 $ 11,527
Ipsos SA (L) 3,356 108,384
Korian 170 3,305
Lafuma SA (I) 323 7,272
Laurent-Perrier SA 129 12,884
Lectra SA 2,262 14,948
Lisi SA 13 888
LVL Medical Groupe SA (I) 438 7,492
M6-Metropole Television SA 8,464 137,651
Manutan SA 162 9,130
Mersen 1,710 67,813
Naturex 5 331
Neopost SA 3,253 239,057
Nexans SA 2,042 118,616
Nexity SA 4,083 112,941
NicOx SA (I) 4,623 6,525
Norbert Dentressangle SA 576 44,299
NRJ Group 2,727 25,691
Orpea SA 2,102 85,226
Parrot SA (I) 1,095 22,417
Penauille Polyservices SA (I) 8,547 30,915
Pierre & Vacances SA 453 18,098
Rallye SA 2,613 75,067
Recylex SA (I) 3,196 13,804
Remy Cointreau SA 2,068 142,643
Robertet SA 135 21,576
Rubis SA 700 35,289
Saft Groupe SA 2,392 64,429
Seche Environnement 40 1,978
Sechilienne-Sidec SA 1,808 30,466
Sequana Capital 2,051 12,530
SOITEC (I)(L) 3,754 20,095
Somfy SA 280 70,662
Sopra Group SA 20 1,137
Spir Communication SA (I) 492 15,584
SR Teleperformance SA 5,894 125,456
Stef-TFE Group 1,149 51,245
Technicolor (I) 5,354 15,744
Theolia SA (I)(L) 9,586 11,977
Toupargel-Agrigel SA 539 7,759
Transgene SA (I)(L) 1,152 12,574
Trigano SA 1,753 32,071
UBISOFT Entertainment SA (I) 6,111 32,959
Vetoquinol SA 56 1,648
Viel & Compagnie SA 5,712 20,142
Vilmorin & Compagnie SA 710 69,343
Virbac SA 384 62,240
VM Materiaux SA 263 10,739
 
    3,341,533
Germany - 4.57%    
Aareal Bank AG (I) 4,192 64,854
Adlink Internet Media AG (I) 1,638 5,120
Adva AG Optical Networking (I) 6,343 28,191
Agennix AG (I) 506 2,148
Air Berlin PLC (I) 4,881 17,700
Asian Bamboo AG (L) 1,159 18,270
Aurubis AG 5,323 269,723
Balda AG (I) 8,571 66,343
Bauer AG 162 3,690
BayWa AG 921 35,516
Bechtle AG 1,216 40,481
Bertrandt AG 193 9,141
Centrotherm Photovoltaics AG 812 16,800
Cewe Color Holding AG 385 14,504

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
Comdirect Bank AG 2,391 $ 23,492
Compugroup Medical AG 448 5,343
Conergy AG (I) 7,393 2,863
CTS Eventim AG 1,134 33,768
Delticom AG 491 42,531
Deutsche Beteiligungs AG 423 8,413
Deutsche Wohnen AG 6,242 83,208
Deutz AG (I) 5,916 32,545
Dialog Semiconductor PLC (I) 4,253 72,176
Douglas Holding AG 2,559 101,117
Drillisch AG 7,508 72,792
Duerr AG 1,696 54,731
DVB Bank AG 6,310 201,201
ElringKlinger AG 3,656 84,721
Evotec AG (I) 16,036 48,278
Freenet AG 15,169 178,089
Fuchs Petrolub AG 1,845 73,394
Gerresheimer AG 3,110 128,807
Gerry Weber International AG 3,420 97,483
Gesco AG 295 23,014
GFK AG 324 12,032
Grenkeleasing AG 129 6,296
Hamburger Hafen und Logistik AG 2,240 62,140
Heidelberger Druckmaschinen AG (I)(L) 21,081 43,351
Indus Holding AG 1,623 40,337
IVG Immobilien AG (I) 8,262 28,510
IWKA AG (I) 2,152 37,969
Jenoptik AG (I) 3,285 20,373
Kloeckner & Company SE 11,220 136,990
Kontron AG 5,420 38,969
Krones AG 2,044 106,056
KWS Saat AG 206 38,240
Leoni AG 2,827 90,686
Manz Automation AG (I) 233 7,775
Medigene AG (I) 3,040 4,608
MLP AG 4,269 27,106
Muehlbauer Holding AG &    
Company KGaA 156 5,340
MVV Energie AG 884 28,196
Nordex AG (I)(L) 2,657 13,125
Pfeiffer Vacuum Technology AG 173 15,069
Pfleiderer AG (I) 3,314 1,933
Phoenix Solar AG 547 5,975
Plambeck Neue Energien AG (L) 6,235 13,624
Praktiker A (L) 6,319 26,913
Premiere AG (I) 28,928 74,617
Q-Cells AG (I)(L) 7,201 5,573
QSC AG (I) 6,549 17,826
Rational AG 405 90,274
Rheinmetall AG 2,295 107,633
Rhoen-Klinikum AG 5,385 109,021
Sartorius AG 773 29,799
SGL Carbon AG (I) 5,711 300,002
Singulus Technologies AG (I) 13,358 43,130
Sixt AG 2,356 44,429
Solar Millennium AG (I)(L) 1,626 6,404
Solarworld AG (L) 11,677 48,171
Stada Arzneimittel AG 10,688 225,369
Stratec Biomedical Systems AG 563 22,019
Suss Microtec AG (I) 2,259 18,974
Symrise AG 4,862 112,969
Tag Immobilien AG (I) 287 2,292
TUI AG (I) 9,525 48,727
Vossloh AG 806 79,385
VTG AG 1,231 21,843

 

236

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Germany (continued)    
Wacker Construction Equipment AG 2,763 $ 31,294
Wincor Nixdorf AG 5,765 259,195
Wire Card AG 10,022 153,796
WMF Wuerttembergische    
Metallwarenfabrik AG 1,601 55,024
Xing AG (I) 361 26,006
 
    4,705,832
Gibraltar - 0.14%    
PartyGaming PLC 74,167 141,369
Greece - 0.67%    
Aegean Airlines SA (I) 1,678 3,591
Agricultural Bank of Greece (I) 5,062 2,441
Alapis Holding Industrial and    
Commercial SA of Pharmaceutical (I) 3,303 439
Alpha Bank AE (I) 7,465 13,259
Athens Stock Exchange SA 7,482 29,241
Athens Water Supply and    
Sewage Company SA 2,538 10,321
Autohellas SA (I) 2,895 4,813
Bank of Attica SA (I) 6,737 3,405
Bank of Greece SA 1,882 44,413
Diagnostic & Therapeutic Center of    
Athens Hygeia SA (I) 12,314 4,422
EFG Eurobank Ergasias SA (I) 6,902 8,573
Folli Follie Group (I) 2,116 18,307
Forthnet SA (I) 8,037 2,019
Fourlis SA (I) 6,312 24,497
Frigoglass SA (I) 6,060 43,637
GEK Group of Companies SA 5,812 9,414
Geniki Bank SA (I) 1,852 710
Greek Postal Savings Bank SA (I) 12,594 12,899
Halcor SA (I) 4,634 4,511
Hellenic Petroleum SA 5,896 46,356
Hellenic Technodomiki Tev SA 11,183 21,743
Intracom Holdings SA (I) 10,218 3,395
Intracom SA Technical &    
Steel Constructions SA (I) 3,610 2,349
Intralot SA-integrated Lottery Systems    
& Services 2,796 3,241
J&P-Avax SA 614 595
Lambrakis Press SA (I) 2,696 433
Loulis Mills SA (I) 3,541 6,989
Marfin Investment Group SA (I) 72,043 22,900
Metka SA 3,097 23,167
Motor Oil Hellas Corinth Refineries SA 6,346 52,020
Mytilineos Holdings SA (I) 8,264 34,875
Nireus Aquaculture SA (I) 1,703 1,523
Piraeus Bank SA (I) 83,629 52,201
Piraeus Port Authority SA 710 8,537
Public Power Corp. SA 3,342 26,735
Sarantis SA (I) 3,860 10,410
Sidenor Steel Products    
Manufacturing Company SA (I) 3,429 8,769
Terna Energy SA 4,140 10,660
Titan Cement Company SA 5,693 76,788
Viohalco SA (I) 6,720 29,974
 
    684,572
Hong Kong - 2.06%    
Allied Group, Ltd. 26,000 65,439
Allied Properties HK, Ltd. 358,000 47,213
Apac Resources, Ltd. (I) 500,000 16,732
Asia Satellite Telecom    
Holdings Company, Ltd. 2,500 4,815

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Associated International Hotels, Ltd. 44,000 $ 80,232
Bonjour Holdings, Ltd. 208,000 28,804
Bright International Group, Ltd. (I) 446,000 4,264
C Y Foundation Group, Ltd. (I) 300,000 4,507
Champion Technology Holdings, Ltd. 540,520 6,907
Chen Hsong Holdings, Ltd. 10,000 3,364
Cheuk Nang Holdings, Ltd. 3,114 1,054
China Energy    
Development Holdings, Ltd. (I) 634,000 8,734
China Metal International Holdings, Inc. 12,000 1,978
China Public Procurement, Ltd. (I) 232,000 20,258
China Renji Medical Group, Ltd. (I) 1,332,000 10,263
China Resources and    
Transportation Group, Ltd. (I) 800,000 32,003
China Sci-Tech Holdings, Ltd. (I) 2,210,240 27,020
China Solar Energy Holdings, Ltd. (I) 425,000 3,195
China WindPower Group, Ltd. (I) 440,000 20,427
China Yunnan Tin Minerals    
Group Company, Ltd. (I) 342,000 1,449
Chong Hing Bank, Ltd. 11,000 19,420
Chuang’s Consortium International, Ltd. 118,948 9,320
Citic 1616 Holdings, Ltd. 112,000 21,182
CK Life Sciences    
International Holdings, Inc. 42,000 1,711
CP Lotus, Corp. (I) 220,000 5,665
Cross-Harbour Holdings, Ltd. 18,000 14,457
CSI Properties, Ltd 520,000 11,098
Dickson Concepts International, Ltd. 35,000 16,568
Digitalhongkong.com (I) 1,003 117
DVN Holdings Company, Ltd. 112,000 3,807
EganaGoldpfeil Holdings, Ltd. (I) 103,373 0
Emperor Entertainment Hotel, Ltd. 80,000 11,465
Emperor International Holdings, Ltd. 177,333 25,049
eSun Holdings, Ltd. (I) 74,000 13,314
Eva Precision Industrial Holdings, Ltd. 152,000 37,768
Far East Consortium International, Ltd. 139,352 21,745
G-Resources Group, Ltd. (I) 1,182,000 57,877
Get Nice Holdings, Ltd. 394,000 16,981
Giordano International, Ltd. 208,000 135,863
Global Green Tech Group, Ltd. (I) 97,920 1,094
Glorious Sun Enterprises, Ltd. 64,000 20,247
Golden Resorts Group, Ltd. 356,000 35,028
Goldin Financial Holdings, Ltd. (I) 210,000 20,083
Hang Fung Gold Technology, Ltd. (I) 90,000 0
Hannstar Board    
International Holdings, Ltd. 50,000 7,335
Harbour Centre Development, Ltd. 46,000 46,945
HKR International, Ltd. 75,200 25,609
Hong Kong Ferry Holdings Company 29,000 22,490
Hongkong Chinese, Ltd. 4,000 557
Hung Hing Printing Group, Ltd. 82,000 18,964
Hutchison Harbour Ring, Ltd. 186,000 14,760
I.T, Ltd. 100,601 62,376
Imagi International Holdings, Ltd. (I) 106,250 2,577
K Wah International Holdings, Ltd. 168,000 33,224
Kantone Holdings, Ltd. 409,334 2,864
King Stone Energy Group, Ltd. (I) 61,000 9,133
Kowloon Development Company, Ltd. 43,000 36,607
Lee & Man Handbags Holding, Ltd. 60,000 3,289
Lee & Man Holding, Ltd. 60,000 32,206
Lippo China Resources, Ltd. 36,000 856
Liu Chong Hing Investment 16,000 12,948
Matsunichi    
Communication Holdings, Ltd. (I) 57,000 18,464
Media Chinese International, Ltd. 110,000 29,663

 

237

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hong Kong (continued)    
Melco International Development 8,000 $ 5,111
Midland Holdings, Ltd. 48,000 19,547
Mongolia Energy Company, Ltd. (I) 122,000 7,874
Natural Beauty Bio-Technology, Ltd. 20,000 2,853
Neo-Neon Holdings, Ltd. 39,500 6,028
New Times Energy Corp., Ltd. (I) 526,000 4,350
NewOcean Energy Holdings, Ltd. 34,000 6,483
Norstar Founders Group, Ltd. (I) 244,000 22,873
Pacific Andes International Holdings, Ltd. 145,781 12,812
Pacific Basin Shipping, Ltd. 105,000 40,757
Pacific Century    
Premium Developments, Ltd. (I) 85,000 10,961
Pacific Textile Holdings, Ltd. 90,000 45,691
Paliburg Holdings, Ltd. 50,000 15,567
Peace Mark Holdings, Ltd. (I) 164,000 0
Pearl Oriental Innovation, Ltd. 186,000 19,411
Pico Far East Holdings, Ltd. 100,000 15,351
Playmates Holdings, Ltd. 31,800 8,256
Playmates Toys Ltd. (I) 15,900 584
Png Resources Holdings, Ltd. (I) 888,000 15,395
Polytec Asset Holdings, Ltd. 150,000 10,332
PYI Corp., Ltd. 372,000 11,922
Regal Hotels International Holdings, Ltd. 56,000 15,329
Samling Global, Ltd. 360,000 17,856
SEA Holdings, Ltd. 4,000 1,747
Shun Tak Holdings, Ltd. 166,000 58,697
Sing Tao News Corp., Ltd. 114,000 14,167
Singamas Container Holdings, Ltd. 158,000 25,124
Sino-Tech International Holdings, Ltd. (I) 440,000 4,344
Skyfame Realty Holdings, Ltd. (I) 216,000 22,228
SOCAM Development, Ltd. 16,674 14,449
Solomon Systech International, Ltd. (I) 254,000 5,011
South China (china), Ltd. 256,000 15,451
Sun Hung Kai & Company, Ltd. 13,000 6,480
Tack Fat Group International, Ltd. (I) 2,720 52
TAI Cheung Holdings, Ltd. 59,000 38,923
Taifook Securities Group, Ltd. 22,399 6,150
Theme International Holdings, Ltd. (I) 90,000 2,851
Titan Petrochemicals Group, Ltd. (I) 500,000 21,944
Transport International Holdings, Ltd. 19,200 39,018
United Power Investment, Ltd. (I) 784,000 8,879
Upbest Group, Ltd. 148,000 17,675
USI Holding Corp. 104,000 30,406
Victory City International Holdings, Ltd. 99,526 7,276
Vitasoy International Holdings, Ltd. 102,000 65,033
Vongroup, Ltd. (I) 210,000 871
VST Holdings Company, Ltd. (I) 96,000 9,252
Wah Nam International Holdings, Ltd. (I) 752,840 67,976
Wai Kee Holdings, Ltd. 68,000 10,478
Winteam Pharmaceutical Group, Ltd. (I) 106,000 14,838
Ygm Trading, Ltd. 11,000 21,222
Yugang International, Ltd. 312,000 1,672
 
    2,116,941
Ireland - 1.23%    
Aer Lingus (I) 15,850 14,047
Allied Irish Banks PLC -    
London Exchange (I) 83,104 4,430
Beazley PLC 57,792 104,615
C&C Group PLC 31,161 117,483
Charter International PLC 10,784 144,807
DCC PLC 6,369 159,780
FBD Holdings PLC 1,839 15,929
Glanbia PLC (Dublin Exchange) 11,290 67,101
Grafton Group PLC 18,960 67,491

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Ireland (continued)    
Greencore Group PLC 24,808 $ 21,361
IFG Group PLC 10,694 17,829
Independent News & Media PLC (I) 11,035 3,537
Irish Continental Group PLC 1,120 21,428
Kingspan Group PLC 10,256 85,605
Paddy Power PLC 5,842 300,602
Smurfit Kappa Group PLC (I) 10,583 63,035
United Drug PLC 20,187 62,034
 
    1,271,114
Isle Of Man - 0.02%    
Hansard Global PLC 6,816 17,414
Israel - 0.53%    
Africa Israel Investments, Ltd. (I) 4,192 12,152
Alvarion, Ltd. (I) 3,666 3,801
Clal Biotechnology Industries, Ltd. (I) 3,326 13,798
Clal Industries & Investments, Ltd. 6,262 26,305
Clal Insurance Enterprise Holdings, Ltd. 2,775 39,608
Delek Automotive Systems, Ltd. 2,309 16,570
First International Bank of Israel, Ltd. (I) 3,533 35,770
Frutarom Industries, Ltd. 2,382 20,208
Gilat Satellite Networks, Ltd. (I) 900 2,794
Given Imaging, Ltd. (I) 307 4,762
Hadera Paper, Ltd. (I) 244 9,882
Harel Insurance Investments, Ltd. 621 24,287
Hot Telecommunication System, Ltd. (I) 648 8,139
Israel Discount Bank, Ltd. (I) 638 935
Ituran Location & Control, Ltd. 1,195 14,050
Jerusalem Oil Exploration (I) 255 3,231
Mellanox Technologies, Ltd. (I) 741 22,046
Menorah Mivtachim Holdings, Ltd. (I) 1,766 13,885
Oil Refineries, Ltd. (I) 124,398 59,538
Ormat Industries, Ltd. 7,009 39,640
Paz Oil Company, Ltd. 378 47,289
Rami Levi Chain Stores Hashikma    
Marketing 2006, Ltd. 711 20,342
Retalix, Ltd. (I) 404 5,447
Shikun & Binu, Ltd. 11,140 20,446
Strauss Group, Ltd. 2,935 37,268
Super-Sol, Ltd. 9,143 36,661
The Phoenix Holdings, Ltd. 2,821 6,484
 
    545,338
Italy - 2.45%    
ACEA SpA 8,580 68,905
Aedes SpA (I) 75,645 9,382
Amplifon SpA 9,264 45,384
Ansaldo STS SpA 7,655 75,867
Astaldi SpA 4,499 24,877
Azimut Holding SpA 15,042 103,718
Banca Generali SpA 1,570 14,868
Banca Popolare Dell’emilia    
Romagna SCRL (L) 2,605 25,415
Banca Popolare dell’Etruria e del    
Lazio SpA (I) 7,181 14,468
Banca Popolare di Milano SpA (L) 31,554 78,548
Banca Popolare di Sondrio SCRL 6,798 49,478
Benetton Group SpA 6,037 34,526
Biesse SpA (I) 3,189 11,337
Brembo SpA 2,573 22,679
Buongiorno SpA (I) 6,447 7,685
Buzzi Unicem SpA (I) 4,611 37,165
Caltagirone SpA 2,499 5,169
Cementir SpA 9,230 19,749
CIR-Compagnie Industriali Riunite SpA 62,501 117,454

 

238

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Italy (continued)    
Credito Artigiano SpA 7,592 $ 9,197
Credito Emiliano SpA 9,474 37,450
Danieli & C Officine Meccaniche SpA (L) 2,311 47,504
DeA Capital SpA (I) 4,665 9,596
DiaSorin SpA 3,279 120,976
Digital Multimedia Technologies SpA (I) 1,816 38,034
Engineering Ingegneria Informatica SpA 449 12,787
ERG SpA 7,480 83,240
Esprinet SpA 3,554 14,849
Eurotech SpA (I) 1,562 3,671
Fondiaria-Sai SpA (I) 4,848 10,081
Gemina SpA (I) 54,600 43,970
Geox SpA 8,390 30,456
Gruppo Editoriale L’Espresso SpA 35,685 56,677
Hera SpA 59,429 89,975
Immsi SpA 24,591 19,077
Impregilo SpA 36,254 89,508
Indesit Company SpA 2,066 12,832
Interpump SpA 6,839 38,809
Iren SpA 34,401 40,249
Italcementi SpA (L) 5,020 29,979
Italmobiliare SpA 827 22,145
Juventus Football Club SpA (I) 4,630 4,495
KME Group SpA 27,631 10,346
Landi Renzo SpA 3,939 7,806
Lottomatica SpA (I) 5,852 91,322
Maire Tecnimont SpA 12,753 10,534
Marr SpA 4,504 46,587
Milano Assicurazioni SpA (I) 24,455 10,959
Mondadori (Arnoldo) Editore SpA 12,613 26,715
Piaggio & C SpA 17,916 57,329
Piccolo Credito Valtellinese SCRL 22,689 67,903
Prelios SpA (I) 44,428 12,336
Premafin Finanziaria SpA (I) 12,050 4,439
Recordati SpA 14,439 125,536
Risanamento SpA (I) 17,964 2,761
Safilo Group SpA (I) 1,868 14,622
Saras SpA (I) 17,735 24,038
Save SpA 841 7,476
Seat Pagine Gialle SpA (I) 131,159 6,805
Societa Iniziative Autostradali e    
Servizi SpA 5,263 40,536
Societa’ Cattolica di Assicurazioni SCRL 4,549 98,149
Sogefi SpA 3,551 10,056
Sol SpA 2,802 17,919
Sorin SpA (I) 38,164 83,104
Telecom Italia Media SpA (I) 95,662 20,382
Trevi Finanziaria SpA 2,230 22,660
Unipol Gruppo Finanziario SpA, ADR (I) 61,265 25,857
Vittoria Assicurazioni SpA 2,112 8,169
Yoox Spa (I) 3,137 40,132
 
    2,526,709
Japan - 26.57%    
Accordia Golf Company, Ltd. 79 61,736
Achilles Corp. 18,000 26,984
Adeka Corp. 8,700 92,962
Aderans Company, Ltd. (I) 3,500 32,449
Advan Company, Ltd. 1,800 17,148
Aeon Delight Company, Ltd. 2,100 44,983
Aeon Fantasy Company, Ltd. 1,600 24,574
Ahresty Corp. 2,300 14,944
AI Holdings Corp. 3,400 14,172
Aica Kogyo Company, Ltd. 5,300 75,836
Aichi Bank, Ltd. 900 56,608

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Aichi Corp. 3,200 $ 13,156
Aichi Machine Industry Company, Ltd. 8,000 25,203
Aichi Steel Corp. 10,000 59,245
Aida Engineering, Ltd. 7,500 35,949
Aiphone Company, Ltd. 1,300 25,047
Airport Facilities Company, Ltd. 2,900 11,982
Aisan Industry Company, Ltd. 2,500 21,925
Akebono Brake Industry Company, Ltd. 4,200 21,636
Akita Bank, Ltd. 15,000 48,890
Alpen Company, Ltd. 1,700 31,466
Alpha Systems, Inc. 700 11,152
Alpine Electronics, Inc. 3,300 42,366
Amano Corp. 6,700 60,080
Amiyaki Tei Company., Ltd. 5 12,335
Ando Corp. 10,000 13,239
Anritsu Corp. (L) 10,000 110,624
AOC Holdings, Inc. 4,400 24,778
AOKI Holdings, Inc. 2,000 30,668
Aomori Bank, Ltd. 24,000 83,069
Aoyama Trading Company, Ltd. 5,100 88,206
Arakawa Chemical Industries, Ltd. 1,900 17,760
Arc Land Sakamoto Company, Ltd. 1,200 23,716
Arcs Company, Ltd. 3,500 69,961
Ariake Japan Company, Ltd. 1,900 38,513
Arisawa Manufacturing Company, Ltd. 3,300 15,782
Arnest One Corp. 3,000 30,929
AS ONE CORP. 1,400 29,272
Asahi Company, Ltd. 1,500 36,001
Asahi Diamond Industrial Company, Ltd. 5,000 69,484
Asahi Holdings, Inc. 2,500 52,954
Asahi Organic Chemicals    
Industry Company, Ltd. 6,000 16,656
ASATSU-DK, Inc. 2,300 63,169
ASKA Pharmaceutical Company, Ltd. 3,000 25,134
ASKUL Corp. 2,100 30,045
Atom Corp. (I)(L) 14,100 49,210
Atsugi Company, Ltd. 19,000 22,757
Autobacs Seven Company, Ltd. 700 31,307
Avex Group Holdings, Inc. 3,400 41,386
Bando Chemical Industries, Ltd. 8,000 30,289
Bank of Iwate, Ltd. 1,400 69,924
Bank of Nagoya, Ltd. 17,000 59,073
Bank of Okinawa, Ltd. 2,100 96,858
Bank of Saga, Ltd. 15,000 41,082
Bank of the Ryukyus, Ltd. 4,800 65,356
Belc Company, Ltd. 1,400 21,034
BIC Camera, Inc. (L) 33 17,868
BML, Inc. 1,400 36,075
Bookoff Corp. 1,700 15,195
BSL Corp. (I) 600 779
Bunka Shutter Company, Ltd. 5,000 15,394
CAC Corp. 1,500 12,295
Can Do Company, Ltd. 16 16,922
Canon Electronics, Inc. 1,700 47,805
Cawachi, Ltd. 2,000 39,446
Central Glass Company, Ltd. 19,000 92,413
Chi Group Company, Ltd. (I) 2,700 9,808
Chino Corp. 2,000 5,332
Chiyoda Company, Ltd. 2,600 43,563
Chiyoda Integre Company, Ltd. 1,400 19,411
Chofu Seisakusho Company, Ltd. 2,100 59,897
Chori Company, Ltd. 17,000 19,620
Chubu Shiryo Company, Ltd. 2,000 12,800
Chudenko Corp. 2,600 33,803
Chuetsu Pulp & Paper Company, Ltd. 10,000 15,958

 

239

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Chugai Mining Company, Ltd. (I) 34,900 $ 8,996
Chugai Ro Company, Ltd. 5,000 16,522
Chugoku Marine Paints, Ltd. 6,000 43,681
Chukyo Bank, Ltd. 9,000 23,541
Chuo Denki Kogyo Company, Ltd. 2,200 8,591
Circle K Sunkus Company, Ltd. 5,500 92,438
CKD Corp. 5,400 31,784
Clarion Company, Ltd. (I) 5,000 8,169
Cleanup Corp. 2,100 13,081
CMK Corp. (I) 5,400 21,912
Coca-Cola Central Japan Company, Ltd. 1,400 19,704
Cocokara Fine Holdings, Inc. 1,540 42,042
Colowide Company, Ltd. 3,500 22,777
COMSYS Holdings Corp. 200 1,968
Corona Corp. 1,600 29,784
Cosel Company, Ltd. 1,200 17,995
Cosmos Pharmaceutical Corp. 600 30,856
CSK Corp. (I)(L) 9,500 36,344
Cybozu, Inc. 48 10,324
D.G. Roland Corp. 1,400 14,973
Dai Nippon Toryo Company, Ltd. 12,000 12,893
Dai-Dan Company, Ltd. 2,000 14,064
Daibiru Corp. 5,200 36,427
Daido Metal Company, Ltd. 4,000 46,014
Daidoh, Ltd. 2,000 22,404
Daifuku Company, Ltd. 6,500 34,840
Daihen Corp. 8,000 30,419
Daiichi Chuo Kisen Kaisha, Ltd. (I) 8,000 10,085
Daiichi Jitsugyo Company, Ltd. 4,000 17,728
Daiichi Kigenso Kagaku-    
Kogyo Company, Ltd. 400 17,760
Daiken Corp. 9,000 30,517
Daikoku Denki Company, Ltd. 800 7,186
Daikyo, Inc. (I) 19,000 30,549
Dainichiseika Color & Chemicals    
Manufacturing Company, Ltd. 7,000 35,791
Daio Paper Corp. 7,000 64,925
Daisan Bank, Ltd. 17,000 41,489
Daiseki Company, Ltd. (L) 2,900 57,280
Daishi Bank, Ltd. 27,000 92,152
Daiso Company, Ltd. 7,000 23,699
Daisyo Corp. 1,300 15,848
Daiwa Industries, Ltd. 4,000 20,573
Daiwabo Holdings Company, Ltd. 17,000 37,896
DCM Japan Holdings Company, Ltd. 7,700 67,154
Denki Kogyo Company, Ltd. 7,000 28,082
Denyo Company, Ltd. 1,700 21,127
Descente, Ltd. 4,000 22,851
Doshisha Company, Ltd. 1,200 34,547
Doutor Nichires Holdings Company, Ltd. 2,900 36,631
Dr. Ci:Labo Company, Ltd. 21 135,391
DTS Corp. 1,700 21,110
Duskin Company, Ltd. 6,000 122,257
Dwango Company, Ltd. 12 21,707
Dydo Drinco, Inc. 1,200 46,407
Eagle Industry Company, Ltd. 2,000 21,791
Earth Chemical Company, Ltd. 1,600 59,504
EDION Corp. 6,100 50,940
Ehime Bank, Ltd. 18,000 55,305
Eighteenth Bank, Ltd. 20,000 60,459
Eiken Chemical Company, Ltd. 1,400 18,649
Eizo Nanao Corp. 1,500 32,899
Elematec Corp. (L) 2,000 34,718
Enplas Corp. 1,200 23,427
EPS Company, Ltd. 14 31,834

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Espec Corp. 1,600 $ 10,860
F&A Aqua Holdings, Inc. 2,400 24,456
Fancl Corp. 2,600 37,387
FCC Company, Ltd. 2,800 58,110
FDK Corp. (I) 9,000 10,446
Felissimo Corp. 900 12,789
Foster Electric Company, Ltd. 2,100 24,804
FP Corp. 1,600 113,837
France Bed Holdings Company, Ltd. 11,000 18,108
Fuji Company, Ltd. 2,100 50,344
Fuji Corp., Ltd. 100 486
Fuji Electronics Company, Ltd. 1,800 26,703
Fuji Kyuko Company, Ltd. 5,000 32,008
Fuji Oil Company, Ltd. 6,700 110,498
Fuji Seal International, Inc. 1,700 33,196
Fuji Software ABC, Inc. 1,800 29,462
Fujibo Holdings, Inc. 7,000 15,073
Fujicco Company, Ltd. 2,000 26,722
Fujikura Kasei Company, Ltd. 2,000 9,987
Fujimi, Inc. 1,200 14,238
Fujimori Kogyo Company, Ltd. 1,600 28,229
Fujita Kanko, Inc. 7,000 25,392
Fujitec Company, Ltd. 5,000 26,942
Fujitsu General, Ltd. 6,000 35,375
Fujiya Company, Ltd. (I) 6,000 11,595
Fukui Bank, Ltd. 23,000 76,380
Fukushima Bank, Ltd. (I) 21,000 10,549
Funai Consulting Company, Ltd. 3,300 22,415
Funai Electric Company, Ltd. 2,600 50,543
Furukawa Company, Ltd. (I) 27,000 26,275
Furukawa-Sky Aluminum Corp. 9,000 25,385
Fuso Pharmaceutical Industries, Ltd. 5,000 14,805
Futaba Corp. 2,900 59,327
Futaba Industrial Company, Ltd. 3,400 26,107
Future System Consulting Corp. 2 861
Fuyo General Lease Company, Ltd. 1,700 62,604
Gakken Company, Ltd. 7,000 15,392
Geo Corp. 41 49,152
GLOBERIDE, Inc. 10,000 11,609
GMO Internet, Inc. 3,800 15,037
Godo Steel, Ltd. 16,000 36,218
Goldcrest Company, Ltd. 2,190 40,383
Goldwin, Inc. 6,000 19,927
Gulliver International Company, Ltd. 550 24,058
Gun-Ei Chemical Industry Company, Ltd. 4,000 11,719
Gunze, Ltd. 13,000 42,534
H20 Retailing Corp. 8,000 63,762
Hakuto Company, Ltd. 1,300 12,441
Hamakyorex Company, Ltd. 500 15,373
Hanwa Company, Ltd. 14,000 63,088
Harashin Narus Holdings Company, Ltd. 1,300 21,105
Harima Chemicals Inc. 2,000 18,381
Heiwa Real Estate Company, Ltd. 17,500 37,385
Heiwado Company, Ltd. 2,000 27,213
Hibiya Engineering, Ltd. 2,400 27,209
Hiday Hidaka Corp. 1,100 17,727
Higashi-Nippon Bank, Ltd. 17,000 37,182
Higo Bank, Ltd. 20,000 120,320
Hikari Tsushin, Inc. 1,900 44,942
Hioki Ee Corp. 500 10,293
HIS Company, Ltd. 1,800 53,062
Hisaka Works, Ltd. 2,000 22,360
Hitachi Cable, Ltd. (I) 21,000 54,506
Hitachi Koki Company, Ltd. 5,700 42,625
Hitachi Kokusai Electric, Inc. 3,000 19,258

 

240

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Hitachi Medical Corp. 2,000 $ 21,982
Hitachi Tool Engineering, Ltd. 2,200 23,424
Hitachi Zosen Corp. 47,000 69,688
Hochiki Corp. 3,000 15,951
Hodogaya Chemical Company, Ltd. 7,000 25,402
Hogy Medical Company, Ltd. 1,200 55,480
Hokkaido Gas Company, Ltd. 3,000 10,927
Hokkan Holdings, Ltd. 5,000 16,661
Hokuetsu Bank, Ltd. 21,000 45,321
Hokuetsu Paper Mills, Ltd. 14,000 100,441
Hokuto Corp. 1,600 37,153
Honeys Company, Ltd. 1,350 19,440
Horiba, Ltd. 2,500 75,583
Hosiden Corp. 6,500 46,085
Hosokawa Micron Corp. 3,000 13,445
Howa Machinery, Ltd. (I) 19,000 14,593
Hyakujushi Bank, Ltd. 24,000 109,422
IBJ Leasing Company, Ltd. 1,900 45,742
Ichibanya Company, Ltd. 600 18,777
Ichikoh Industries, Ltd. (I) 4,000 7,088
Ichiyoshi Securities Company, Ltd. 4,000 23,655
ICOM, Inc. 1,000 25,579
IDEC Corp. 2,500 26,977
Ihara Chemical Industry Company, Ltd. 5,000 19,054
Iino Kaiun Kaisha, Ltd. 5,200 27,364
Ikegami Tsushinki Company, Ltd. (I) 12,000 7,457
Imasen Electric Industrial 1,700 23,625
Imperial Hotel, Ltd. 900 21,065
Inaba Denki Sangyo Company, Ltd. 1,600 49,112
Inaba Seisakusho Company, Ltd. 1,300 15,342
Inabata & Company, Ltd. 5,100 29,003
Inageya Company, Ltd. 5,000 60,744
Ines Corp. 2,700 18,081
Intage, Inc. 800 16,337
Internet Initiative Japan, Inc. 12 55,961
Inui Steamship Company, Ltd. 2,500 9,593
Iseki & Company, Ltd. (I) 12,000 29,353
Ishihara Sangyo Kaisha, Ltd. (I) 32,000 38,735
IT Holdings Corp. 6,500 62,757
ITC Networks Corp. 3,200 20,476
Itochu Enex Company, Ltd. 5,900 34,263
Itochu-Shokuhin Company, Ltd. 600 22,573
Itoham Foods, Inc. 12,000 44,487
Iwatani International Corp. 11,000 37,356
Izumiya Company, Ltd. 9,000 41,705
J-Oil Mills, Inc. 9,000 28,343
Jalux, Inc. 1,400 13,782
Japan Aviation Electronics Industry, Ltd. 4,000 26,770
Japan Cash Machine Company, Ltd. 2,000 18,363
Japan Digital Laboratory Company, Ltd. 2,200 25,414
Japan Pulp & Paper Company, Ltd. 6,000 22,733
Japan Pure Chemical Company, Ltd. 4 10,785
Japan Transcity Corp., Ltd. 5,000 16,166
Japan Wool Textile Company, Ltd. 8,000 71,730
Jastec Company, Ltd. 400 2,591
JBCC Holdings, Inc. 1,900 14,063
Jeol, Ltd. 6,000 17,031
JFE Shoji Holdings, Inc. 11,000 48,366
JMS Company, Ltd. 1,000 3,504
Joban Kosan Company, Ltd. (I) 10,000 10,890
Joshin Denki Company, Ltd. 3,000 34,945
JSP Corp. 2,600 44,838
Juki Corp. 10,000 18,956
JVC Kenwood Holdings, Ltd. (I)(L) 9,070 36,064
kabu.com Securities Company, Ltd. 5,800 16,057

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Kadokawa Holdings, Inc. (L) 2,000 $ 69,365
Kaga Electronics Company, Ltd. 2,700 28,832
Kaken Pharmaceutical Company, Ltd. 6,000 83,736
Kameda Seika Company, Ltd. 1,800 36,153
Kamei Corp. 4,000 26,966
Kanamoto Company, Ltd. 3,000 20,877
Kandenko Company, Ltd. 7,000 32,658
Kanematsu Corp. (I) 40,000 34,261
Kanematsu Electronics, Ltd. 2,300 24,128
Kanto Auto Works, Ltd. 2,900 24,918
Kanto Denka Kogyo Company, Ltd. 4,000 19,474
Kanto Natural Gas Development, Ltd. 3,000 16,341
Kanto Tsukuba Bank, Ltd. 5,700 21,182
Kappa Create Company, Ltd. 1,200 26,722
Kasumi Company, Ltd. 4,200 28,326
Katakura Industries Company, Ltd. 2,100 21,581
Kato Sangyo Company, Ltd. 3,300 78,513
Kawai Musical Instruments    
Manufacturing Company, Ltd. 6,000 12,496
Keiyo Company, Ltd. (L) 3,600 22,560
Kenedix, Inc. (I) 152 18,304
KEY Coffee, Inc. 1,800 36,244
Kimoto Company, Ltd. 1,500 11,227
Kimura Chemical Plants Company, Ltd. 1,600 6,564
Kinki Sharyo Company, Ltd. 3,000 10,719
Kintetsu World Express, Inc. 1,300 37,059
Kinugawa Rubber    
Industrial Company, Ltd. (L) 6,000 50,055
Kisoji Company, Ltd. 2,000 37,649
Kissei Pharmaceutical Company, Ltd. 3,000 65,572
Kita-Nippon Bank, Ltd. 700 19,325
Kitz Corp. 10,000 50,313
Kiyo Holdings, Inc. 53,000 81,974
Koa Corp. 3,300 35,560
Koatsu Gas Kogyo Company, Ltd. 3,000 19,502
Kohnan Shoji Company, Ltd. 2,800 49,254
Kohsoku Corp. 1,800 15,894
Kojima Company, Ltd. 3,100 21,812
Kokuyo Company, Ltd. 8,300 66,511
Komatsu Seiren Company, Ltd. 2,000 9,747
Komatsu Wall Industry Company, Ltd. 1,000 8,928
Komeri Company, Ltd. 1,800 58,854
Komori Corp. 6,300 41,467
Konishi Company, Ltd. 1,700 25,883
Kose Corp. 1,500 38,121
Kourakuen Corp. 1,200 18,088
KRS Corp. 900 10,291
Kumagai Gumi Company, Ltd. (I) 17,000 14,564
Kumiai Chemical Industry Company, Ltd. 4,000 14,121
Kura Corp. 800 10,571
Kurabo Industries, Ltd. 22,000 43,757
Kureha Corp. 14,000 60,407
Kurimoto, Ltd. 10,000 15,526
Kuroda Electric Company, Ltd. 3,100 36,821
Kyodo Printing Company, Ltd. 8,000 19,822
Kyodo Shiryo Company, Ltd. 8,000 9,037
Kyoei Steel, Ltd. 1,100 18,425
Kyokuto Securities Company, Ltd. 3,000 21,072
Kyokuyo Company, Ltd. 9,000 21,335
Kyorin Company, Ltd. 4,000 83,332
Kyoritsu Maintenance Company, Ltd. 1,200 19,951
Kyosan Electric    
Manufacturing Company, Ltd. 6,000 31,450
Kyowa Exeo Corp. 6,700 64,063
Kyudenko Corp. 4,000 27,364

 

241

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Laox Company, Ltd. (I) 21,000 $ 10,446
Lec, Inc. 700 14,150
Leopalace21 Corp. (I)(L) 15,500 33,794
Life Corp. 3,800 77,293
Macnica, Inc. 1,300 27,745
Maeda Corp. 10,000 37,214
Maeda Road Construction Company, Ltd. 5,000 54,830
Maezawa Kasei Industries Company, Ltd. 1,100 12,119
Maezawa Kyuso Industries Company, Ltd. 1,500 20,220
Makino Milling Machine Company, Ltd. 8,000 46,946
Mandom Corp. 1,400 41,611
Mars Engineering Corp. 700 11,719
Marubun Corp. 3,300 13,676
Marudai Food Company, Ltd. 12,000 44,105
Maruetsu, Inc. 6,000 20,856
Maruha Group, Inc. 27,385 53,753
Marusan Securities Company, Ltd. 7,800 32,025
Maruwa Company, Ltd. 1,100 46,744
Maruzen Showa Unyu Company, Ltd. 6,000 22,480
Matsuda Sangyo Company, Ltd. 1,400 21,214
Matsuya Company, Ltd. (I) 2,800 17,978
Matsuya Foods Company, Ltd. 700 13,513
Max Company, Ltd. 5,000 64,803
Maxvalu Tokai Company, Ltd. 1,400 18,621
Megachips Corp. 1,800 25,372
Megane Top Company, Ltd. 3,600 37,369
Megmilk Snow Brand Company, Ltd. 4,800 98,377
Meidensha Corp. 17,000 63,077
Meiji Shipping Company, Ltd. 3,100 9,133
Meiko Network Japan Company, Ltd. 3,100 29,868
Meitec Corp. 3,100 59,185
Meito Sangyo Company, Ltd. 900 11,905
Meiwa Estate Company, Ltd. 2,300 10,909
Melco Holdings, Inc. 1,200 37,326
Michinoku Bank, Ltd. 14,000 30,359
Mikuni Coca-Cola Bottling Company, Ltd. 3,300 30,023
Milbon Company, Ltd. 880 27,508
Mimasu Semiconductor    
Industry Company, Ltd. 1,400 13,056
Minato Bank, Ltd. 16,000 30,414
Ministop Company, Ltd. 1,800 33,851
Mirait Holdings Corp. 5,440 43,116
Misawa Homes Company, Ltd. (I) 3,600 23,830
Mitsuba Corp. 4,000 32,430
Mitsubishi Kakoki Kaisha, Ltd. 7,000 14,227
Mitsubishi Paper Mills, Ltd. (I) 37,000 36,083
Mitsubishi Pencil Company, Ltd. 2,500 46,083
Mitsubishi Steel    
Manufacturing Company, Ltd. 16,000 45,567
Mitsuboshi Belting Company, Ltd. 6,000 33,758
Mitsui High-Tec, Inc. 2,200 10,662
Mitsui Home Company, Ltd. 3,000 15,580
Mitsui Knowledge Industry Company, Ltd. 90 12,545
Mitsui Matsushima Company, Ltd. 10,000 17,453
Mitsui Mining Company, Ltd. 18,000 23,323
Mitsui Sugar Company, Ltd. 8,000 33,834
Mitsui-Soko Company, Ltd. 9,000 34,803
Mitsuuroko Company, Ltd. 3,200 21,494
Miura Company, Ltd. 2,600 76,017
Miyazaki Bank, Ltd. 14,000 33,092
Miyoshi Oil & Fat Company, Ltd. 9,000 12,919
Mizuho Financial Group, Inc. 17,360 25,074
Mizuno Corp. 7,000 36,212
Mochida Pharmaceutical Company, Ltd. 7,000 80,039
Modec, Inc. 1,100 19,448

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Monex Group, Inc. 78 $ 12,059
Mori Seiki Company, Ltd. 7,900 70,820
Morinaga & Company, Ltd. 14,000 34,999
Morinaga Milk Industry Company, Ltd. 14,000 61,857
Morita Corp. 3,000 17,795
MOS Food Services, Inc. 1,800 36,718
Moshi Moshi Hotline, Inc. 4,400 42,934
Mr. Max Corp. 3,200 13,070
Musashi Seimitsu Industry Company, Ltd. 2,400 57,644
Musashino Bank, Ltd. 3,800 135,752
Nachi-Fujikoshi Corp. 11,000 53,457
Nagaileben Company, Ltd. 1,800 27,397
Nagano Bank, Ltd. 8,000 18,370
Nagatanien Company, Ltd. 2,000 22,989
Nakamuraya Company, Ltd. 3,000 16,331
Nakayama Steel Works, Ltd. (I) 11,000 12,403
NEC Fielding, Ltd. 1,200 15,227
NEC Leasing, Ltd. 800 10,795
NEC Mobiling, Ltd. 700 25,205
NEC Networks & System Integration Corp. 2,700 42,341
Net One Systems Company, Ltd. 44 115,618
Neturen Company, Ltd. 3,800 32,179
Nice Corp. 6,000 13,056
Nichias Corp. 7,000 40,661
Nichicon Corp. 4,600 55,404
Nichiden Corp. 700 24,462
Nichiha Corp. 2,400 26,894
Nichii Gakkan Company, Ltd. 5,000 56,439
NICHIREI Corp. 18,000 82,998
Nichireki Company, Ltd. 3,000 15,773
Nidec Copal Corp. 1,200 13,772
Nidec Tosok Corp. 3,000 37,039
Nifco, Inc. 4,700 120,461
Nihon Chouzai Company, Ltd. 710 26,348
Nihon Dempa Kogyo Company, Ltd. 1,800 20,047
Nihon Kagaku Sangyo Company, Ltd. 1,000 7,285
Nihon Kohden Corp. 3,600 96,806
Nihon M&A Center, Inc. 4 22,906
Nihon Nohyaku Company, Ltd. 4,000 19,032
Nihon Parkerizing Company, Ltd. 4,000 56,479
Nihon Shokuhin Kako Company, Ltd. 2,000 10,490
Nihon Unisys, Ltd. 5,100 28,570
Nihon Yamamura Glass Company, Ltd. 10,000 27,059
Nikkiso Company, Ltd. 6,000 53,113
Nippo Corp. 5,000 43,941
Nippon Beet Sugar    
Manufacturing Company, Ltd. 15,000 33,203
Nippon Carbon Company, Ltd. 12,000 37,703
Nippon Ceramic Company, Ltd. 2,100 41,267
Nippon Chemi-Con Corp. 11,000 39,385
Nippon Chemical Industrial Company, Ltd. 7,000 13,089
Nippon Denko Company, Ltd. 4,000 21,108
Nippon Densetsu Kogyo Company, Ltd. 5,000 53,410
Nippon Fine Chemical Company, Ltd. 1,800 12,128
Nippon Flour Mills Company, Ltd. 13,000 63,172
Nippon Formula Feed    
Manufacturing Company, Ltd. (I) 11,000 15,622
Nippon Gas Company, Ltd. 3,000 57,707
Nippon Kanzai Company, Ltd. 800 15,389
Nippon Kasei Chemical Company, Ltd. 9,000 18,186
Nippon Koei Company, Ltd. 8,000 29,119
Nippon Konpo Unyu Soko Company, Ltd. 6,000 74,439
Nippon Koshuha Steel Company, Ltd. 8,000 9,301
Nippon Light Metal Company, Ltd. 43,000 70,540
Nippon Metal Industry Company, Ltd. (I) 10,000 9,561

 

242

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Nippon Road Company, Ltd. 7,000 $ 18,731
Nippon Seiki Company, Ltd. 4,000 43,518
Nippon Sharyo, Ltd. 8,000 34,111
Nippon Shinyaku Company, Ltd. 4,000 51,447
Nippon Signal Company, Ltd. 2,700 21,055
Nippon Soda Company, Ltd. 16,000 72,165
Nippon Suisan Kaisha, Ltd. 15,600 58,880
Nippon Synthetic Chemical    
Industry Company, Ltd. 3,000 15,617
Nippon System    
Development Company, Ltd. 3,100 25,324
Nippon Thompson Company, Ltd. 8,000 47,933
Nippon Valqua Industries, Ltd. 8,000 21,416
Nippon Yakin Kogyo Company, Ltd. (I) 11,000 18,344
Nipro Corp. (L) 6,800 64,087
Nishimatsu Construction Company, Ltd. 29,000 45,232
Nishimatsuya Chain Company, Ltd. 5,100 40,963
Nissan Shatai Company, Ltd. 9,000 73,567
Nissen Holdings Company, Ltd. 3,100 20,483
Nisshin Fudosan Company, Ltd. 2,900 14,922
Nisshin Oillio Group, Ltd. 13,000 62,295
Nissin Corp. 8,000 19,937
Nissin Electric Company, Ltd. 2,000 14,936
Nissin Kogyo Company, Ltd. 2,100 31,315
Nissui Pharmaceutical Company, Ltd. 1,600 14,370
Nitta Corp. 2,300 49,039
Nittan Valve Company, Ltd. 1,200 4,172
Nittetsu Mining Company, Ltd. 6,000 24,718
Nitto Boseki Company, Ltd. 22,000 67,243
Nitto Kogyo Corp. 3,400 45,987
Nitto Kohki Company, Ltd. 1,000 24,419
Noevir Holdings Company, Ltd. 1,600 18,225
NOF Corp. 16,000 83,713
Nohmi Bosai, Ltd. 2,000 13,147
Noritake Company, Ltd. 12,000 42,461
Noritsu Koki Company, Ltd. (I) 2,700 13,332
Noritz Corp. 900 20,566
NS Solutions Corp. 1,500 34,158
Obara Corp. 1,400 16,750
OBIC Business Consultants, Ltd. 900 51,789
Oenon Holdings, Inc. 8,000 19,269
Ogaki Kyoritsu Bank, Ltd. 27,000 93,313
Oiles Corp. 2,400 47,134
Oita Bank, Ltd. 12,000 40,128
Okabe Company, Ltd. 5,700 29,096
Okamoto Industries, Inc. 7,000 29,547
Okamoto Machine Tool Works, Ltd. (I) 7,000 9,624
Okamura Corp. 7,000 52,412
Okasan Holdings, Inc. 15,000 50,430
OKI Electric Industry Company, Ltd. (I) 55,000 49,739
Okinawa Electric Power Company, Inc. 1,900 84,951
OKK Corp. (I) 10,000 11,159
OKUMA Corp. 4,000 24,304
Okumura Corp. 12,000 46,818
Okura Industrial Company, Ltd. 4,000 15,157
Okuwa Company, Ltd. 3,000 46,366
Onoken Company, Ltd. 1,900 17,395
Onward Kashiyama Company, Ltd. 11,000 87,073
Optex Company, Ltd. 1,200 15,806
Organo Corp. 3,000 23,159
Origin Electric Company, Ltd. 3,000 11,450
Osaka Steel Company, Ltd. 1,400 25,291
Osaki Electric Company, Ltd. 3,000 29,411
OSG Corp. 7,600 91,431
Oyo Corp. 2,700 28,127

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Pacific Golf Group International    
Holdings KK 30 $ 15,311
Pacific Industrial Company, Ltd. 5,000 28,177
Pal Company, Ltd. 950 33,427
PanaHome Corp. 7,000 47,669
Panasonic Electric Works Information    
Systems Company, Ltd. 1,000 27,991
Paramount Bed Company, Ltd. 1,100 30,078
Parco Company, Ltd. 5,400 42,093
Paris Miki, Inc. 1,100 10,317
Pasco Corp. 5,000 16,470
Pasona Group, Inc. 22 22,274
Penta-Ocean    
Construction Company, Ltd. (L) 28,500 82,684
Pigeon Corp. 1,000 41,002
Pilot Corp. 16 33,820
Piolax, Inc. 1,300 30,349
Plenus Company, Ltd. 2,400 38,923
Point, Inc. 910 45,849
Press Kogyo Company, Ltd. 13,000 58,000
Prima Meat Packers, Ltd. 16,000 20,133
Pronexus, Inc. 2,900 14,942
Rasa Industries, Ltd. (I) 10,000 16,409
Resorttrust, Inc. 2,100 35,586
Rhythm Watch Company, Ltd. 12,000 17,020
Ricoh Leasing Company, Ltd. 2,300 51,125
Riken Corp. 9,000 37,391
Riken Keiki Company, Ltd. 1,300 10,097
Riken Technos Corp. 3,000 10,297
Riken Vitamin Company, Ltd. 1,200 35,727
Ringer Hut Company, Ltd. 1,700 24,151
Riso Kyoiku Company, Ltd. 361 22,616
Rock Field Company, Ltd. 1,000 16,848
Roland Corp. 2,500 18,855
Round One Corp. 3,800 27,454
Royal Holdings Company, Ltd. 3,000 34,466
Ryobi, Ltd. 9,000 40,964
Ryoden Trading Company, Ltd. 4,000 24,204
Ryohin Keikaku Company, Ltd. 1,700 93,933
Ryosan Company, Ltd. 3,600 79,422
Ryoshoku, Ltd. 800 22,995
Ryoyo Electro Corp. 2,600 24,591
S Foods, Inc. 500 4,063
Saibu Gas Company, Ltd. 19,000 51,315
Saizeriya Company, Ltd. 3,000 54,206
Sakai Chemical Industry Company, Ltd. 9,000 40,299
Sakata INX Corp. 6,000 28,051
Sakata Seed Corp. 2,900 44,645
Sala Corp. 1,500 9,755
San-A Company, Ltd. 700 28,801
San-Ai Oil Company, Ltd. 5,000 24,246
Sanden Corp. 8,000 27,805
Sangetsu Company, Ltd. 3,500 93,105
Sankei Building Company, Ltd. 3,700 17,992
Sanken Electric Company, Ltd. 12,000 45,590
Sanki Engineering Company, Ltd. 6,000 33,448
Sanko Marketing Foods Company, Ltd. 18 17,803
Sankyo Seiko Company, Ltd. 3,200 10,999
Sankyo-Tateyama Holdings, Inc. (I) 22,000 28,740
Sankyu, Inc. 8,000 37,587
Sanoh Industrial Company, Ltd. 2,600 24,844
Sanshin Electronics Company, Ltd. 2,600 22,522
Sanwa Shutter Corp. 22,000 72,081
Sanyo Chemical Industries, Ltd. 8,000 61,905
Sanyo Denki Company, Ltd. 5,000 31,190

 

243

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Sanyo Shokai, Ltd. 11,000 $ 25,896
Sanyo Special Steel Company, Ltd. 10,000 55,978
Sasebo Heavy Industries Company, Ltd. 9,000 14,762
Sato Corp. 1,700 22,248
Satori Electric Company, Ltd. 2,000 12,747
Seika Corp. 7,000 20,022
Seikagaku Corp. 3,300 38,562
Seiko Holdings Corp. 11,000 28,313
Seiren Company, Ltd. 5,200 36,328
Sekisui Jushi Corp. 3,000 31,428
Sekisui Plastics Company, Ltd. 5,000 21,834
Senko Company, Ltd. 9,000 36,085
Senshukai Company, Ltd. 4,400 33,083
Shibusawa Warehouse Company, Ltd. 5,000 15,912
Shibuya Kogyo Company, Ltd. 800 8,345
Shikibo, Ltd. 11,000 12,553
Shikoku Bank, Ltd. 15,000 61,640
Shikoku Chemicals Corp. 3,000 17,721
Shima Seiki Manufacturing, Ltd. 2,300 42,377
Shimachu Company, Ltd. 3,800 91,218
Shimizu Bank, Ltd. 900 40,122
Shin Nippon Air    
Technologies Company, Ltd. 2,900 15,386
Shin Nippon    
Biomedical Laboratories, Ltd. (I) 1,900 5,624
Shin-Etsu Polymer Company, Ltd. 3,000 16,157
Shin-Kobe Electric    
Machinery Company, Ltd. 2,000 33,957
Shinagawa Refractories Company, Ltd. 6,000 16,407
Shindengen Electric    
Manufacturing Company, Ltd. 5,000 20,719
Shinkawa, Ltd. 1,500 8,340
Shinko Electric Company, Ltd. 12,000 31,496
Shinko Plantech Company, Ltd. 3,300 30,866
Shinko Shoji Company, Ltd. 2,700 21,751
Shinmaywa Industries, Ltd. 9,000 33,374
Shinwa Kaiun Kaisha, Ltd. 8,000 11,451
Ship Healthcare Holdings Inc 2,600 64,166
Shizuoka Gas Company, Ltd. 4,500 30,327
SHO-BOND Holdings Company, Ltd. 1,200 28,887
Shochiku Company, Ltd. 6,000 56,529
Showa Corp. (I) 3,500 20,664
Showa Sangyo Company, Ltd. 7,000 22,665
Siix Corp. 2,200 28,578
Simplex Technology, Inc. 40 13,351
Sinanen Company, Ltd. 6,000 27,758
Sintokogio, Ltd. 4,600 44,865
Sky Perfect JSAT Corp. 177 91,997
SMK Corp. 6,000 22,264
So-net Entertainment Corp. 19 79,625
So-net M3, Inc. 2 9,932
Sogo Medical Company, Ltd. 600 22,017
Sohgo Security Services Company, Ltd. 5,000 56,080
SRI Sports, Ltd. 1,300 14,454
ST Corp. 1,100 14,817
St. Marc Holdings Company, Ltd. 900 35,929
Star Micronics Company, Ltd. 2,600 25,522
Starzen Company, Ltd. 6,000 18,902
Stella Chemifa Corp. 800 22,105
Sumikin Bussan Corp. 9,000 20,298
Suminoe Textile Company, Ltd. 5,000 8,704
Sumiseki Holdings, Inc. (I) 4,400 4,088
Sumisho Computer Systems Corp. (L) 1,700 27,098
Sumitomo Densetsu Company, Ltd. 4,200 22,802
Sumitomo Light Metal Industries, Ltd. (I) 29,000 25,566

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Sumitomo Mitsui Company, Ltd. (I) 28,700 $ 19,049
Sumitomo Osaka Cement Company, Ltd. 30,000 100,710
Sumitomo Pipe & Tube Company, Ltd. 2,300 13,813
Sumitomo Real Estate Sales Company, Ltd. 510 21,468
Sumitomo Seika Chemicals Company, Ltd. 4,000 18,650
Sumitomo Warehouse Company, Ltd. 16,048 73,950
SWCC Showa Holdings Company, Ltd. (I) 24,000 23,611
T Rad Company, Ltd. 7,000 26,489
T. Hasegawa Company, Ltd. 1,600 26,890
Tachi-S Company, Ltd. 2,700 47,477
Tachibana Eletech Company, Ltd. 1,500 13,086
Tadano, Ltd. 11,000 76,538
Taihei Dengyo Kaisha, Ltd. 3,000 19,053
Taihei Kogyo Company, Ltd. 5,000 23,674
Taiho Kogyo Company, Ltd. 2,500 24,490
Taikisha, Ltd. 2,100 47,135
Taisei Lamick Company, Ltd. 600 18,830
Taiyo Ink Manufacturing Company, Ltd. 1,300 35,995
Takagi Securities Company, Ltd. (I) 7,000 6,092
Takamatsu Corp. 1,500 26,852
Takaoka Electric    
Manufacturing Company, Ltd. 7,000 17,616
Takara Holdings, Inc. 13,000 78,480
Takara Standard Company, Ltd. 7,000 57,970
Takasago International Corp. 8,000 38,961
Takasago Thermal    
Engineering Company, Ltd. 5,700 49,523
Takihyo Company, Ltd. 3,000 17,242
Takiron Company, Ltd. 6,000 21,952
Takuma Company, Ltd. (I) 6,000 24,589
Tamron Company, Ltd. 1,500 47,195
Tamura Corp. 7,000 17,574
Tatsuta Electric Wire &    
Cable Company, Ltd. 6,000 30,441
Tecmo Koei Holdings Company, Ltd. 2,100 20,053
Teikoku Electric    
Manufacturing Company, Ltd. 700 16,586
Teikoku Piston Ring Company, Ltd. 1,400 16,873
Teikoku Sen-I Company, Ltd. 2,000 12,929
Telepark Corp. 13 28,343
Temp Holdings Company, Ltd. 2,400 22,174
Tenma Corp. 1,800 16,238
The Chiba Kogyo Bank, Ltd. (I) 3,200 19,484
The Daiei, Inc. (I) 5,650 20,703
The Hokkoku Bank, Ltd. 5,000 18,644
The Hyakugo Bank, Ltd. 20,000 84,963
The Pack Corp. 1,300 21,271
The San-in Godo Bank, Ltd. 8,000 61,685
The Yachiyo Bank, Ltd. 1,700 48,320
Tigers Polymer Corp. 1,000 4,512
TKC Corp. 1,500 31,328
TOA Corp. 22,000 38,593
Toagosei Company, Ltd. 18,000 87,972
Tobishima Corp. (I) 7,200 7,658
TOC Company, Ltd. 6,800 32,671
Tocalo Company, Ltd. 1,300 25,226
Tochigi Bank, Ltd. 11,000 42,589
Toda Corp. 17,000 66,636
Toda Kogyo Corp. 3,000 23,796
Toei Company, Ltd. 5,000 24,542
Toenec Corp. 4,000 23,927
Toho Bank, Ltd. 18,000 49,935
Toho Company, Ltd. 3,000 12,268
Toho Holdings Company, Ltd. 3,300 40,422
Toho Real Estate Company, Ltd. 3,000 16,004

 

244

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
Toho Zinc Company, Ltd. 10,000 $ 37,072
Tohoku Bank, Ltd. 4,000 6,844
Tokai Carbon Company, Ltd. 17,000 84,326
Tokai Holdings Corptokai Holdings Corp. 4,000 21,349
Tokai Rubber Industries, Ltd. 2,400 33,261
Tokai Tokyo Securities Company, Ltd. 16,000 48,566
Token Corp. 810 32,078
Tokimec, Inc. 5,000 7,783
Tokushu Tokai Holdings Company, Ltd. 15,000 29,793
Tokyo Dome Corp. (I) 11,000 25,129
Tokyo Energy & Systems, Inc. 2,000 9,425
Tokyo Ohka Kogyo Company, Ltd. 4,200 84,596
Tokyo Rakutenchi Company, Ltd. 2,000 7,135
Tokyo Rope    
Manufacturing Company, Ltd. (L) 12,000 25,819
Tokyo Seimitsu Company, Ltd. 2,600 44,999
Tokyo Tekko Company, Ltd. 4,000 11,335
Tokyo Theatres Company, Inc. 9,000 13,342
Tokyo Tomin Bank, Ltd. 2,800 36,455
Tokyotokeiba Company, Ltd. 19,000 26,670
Tokyu Community Corp. 700 23,350
Tokyu Construction Company, Ltd. 9,910 29,933
Tokyu Livable, Inc. 1,800 16,055
Tomato Bank, Ltd. 11,000 20,270
Tomen Devices Corp. 600 14,676
Tomen Electronics Corp. 1,900 23,049
Tomoe Corp. 2,200 8,031
Tomoe Engineering Company, Ltd. 800 15,019
Tomoku Company, Ltd. 6,000 17,681
TOMONY Holdings, Inc. 15,000 67,653
Tomy Company, Ltd. 4,500 35,033
Tonami Holdings Company, Ltd. 6,000 13,296
Topcon Corp. (L) 5,900 29,123
Toppan Forms Company, Ltd. 5,600 44,708
Topre Corp. 4,300 42,487
Topy Industries, Ltd. 18,000 43,149
Toridoll Corp. 1,400 12,930
Torigoe Company, Ltd. 2,300 21,635
Torii Pharmaceutical Company, Ltd. 1,100 22,618
Torishima Pump    
Manufacturing Company, Ltd. 900 12,620
Toshiba Machine Company, Ltd. 14,000 58,301
Toshiba Plant Systems & Services Corp. 4,000 39,563
Toshiba TEC Corp. 9,000 33,665
Tosho Printing Company, Ltd. 7,000 14,307
Totetsu Kogyo Company, Ltd. 3,000 25,054
Tottori Bank, Ltd. 4,000 9,045
Towa Bank, Ltd. 21,000 26,723
Towa Corptowa Corp. 2,200 9,485
Towa Pharmaceutical Company, Ltd. 1,300 59,683
Toyo Construction Company, Ltd. 34,000 35,152
Toyo Corp. 3,200 36,223
Toyo Electric    
Manufacturing Company, Ltd. 3,000 15,069
Toyo Engineering Corp. 10,000 33,196
Toyo Ink Manufacturing Company, Ltd. 15,000 59,115
Toyo Kanetsu KK 10,000 19,937
Toyo Kohan Company, Ltd. 4,000 17,063
Toyo Securities Company, Ltd. 6,000 8,811
Toyo Tanso Company, Ltd. 1,000 41,485
Toyo Tire & Rubber Company, Ltd. 15,000 37,428
Toyo Wharf & Warehouse Company, Ltd. 6,000 10,612
Toyobo Company, Ltd. 48,936 71,440
Transcosmos, Inc. 2,800 33,703
Trusco Nakayama Corp. 2,500 51,336

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Japan (continued)    
TS Tech Company, Ltd. 5,700 $ 83,132
Tsi Holdings Company, Ltd. (I) 9,970 57,473
Tsubakimoto Chain Company, Ltd. 8,000 41,607
Tsugami Corp. 6,000 23,511
Tsukishima Kikai Company, Ltd. 2,000 17,261
Tsuruha Holdings, Inc. 1,500 83,175
Tsurumi Manufacturing Company, Ltd. 2,000 16,729
Tsutsumi Jewelry Company, Ltd. 1,100 26,729
U-Shin, Ltd. 2,300 18,613
Ube Material Industries, Ltd. 5,000 17,129
Uchida Yoko Company, Ltd. 4,000 10,686
ULVAC, Inc. (I) 2,900 38,598
Uniden Corp. 9,000 32,543
Union Tool Company, Ltd. 1,500 26,081
Unipres Corp. 2,600 70,003
United Arrows, Ltd. 2,400 45,691
Unitika, Ltd. (I) 45,000 26,498
Universe Company, Ltd. 1,100 26,739
Valor Company, Ltd. 4,100 70,088
Vital KSK Holdings, Inc. 3,900 34,127
Wacom Company, Ltd. 52 60,451
Wakachiku Construction Company, Ltd. (I) 17,000 23,640
Warabeya Nichiyo Company, Ltd. 1,900 25,153
Watabe Wedding Corp. 1,100 8,855
Watami Company, Ltd. 2,500 61,585
Xebio Company, Ltd. 1,500 38,092
Yahagi Construction Company, Ltd. 2,000 10,960
Yaizu Suisankagaku    
Industry Company, Ltd. 1,100 10,944
Yamabiko Corp. 1,200 14,931
Yamagata Bank, Ltd. 16,000 87,409
Yamanashi Chuo Bank, Ltd. 13,000 59,697
Yamatane Corp. 11,000 17,543
Yamazen Corp. 5,700 42,252
Yaoko Company, Ltd. 300 11,336
Yasuda Warehouse Company, Ltd. 2,900 18,451
Yellow Hat, Ltd. 2,200 29,235
Yodogawa Steel Works, Ltd. 10,000 45,818
Yokogawa Bridge Corp. 3,000 17,890
Yokohama Reito Company, Ltd. 4,000 30,348
Yokowo Company, Ltd. 2,000 12,169
Yomeishu Seizo Company, Ltd. 1,000 9,843
Yomiuri Land Company, Ltd. 3,000 10,441
Yondenko Corp. 3,000 12,917
Yonekyu Corp. 2,000 15,602
Yorozu Corp. 1,800 46,346
Yoshinoya D&C Company, Ltd. 53 68,824
Yuasa Trading Company, Ltd. 21,000 30,410
Yuki Gosei Kogyo Co., Ltd. (I) 3,000 6,689
Yukiguni Maitake Company, Ltd. 3,400 16,628
Yurtec Corp. 4,000 20,214
Yusen Logistics Company, Ltd. 1,200 15,876
Yushin Precision Equipment Company, Ltd. 1,100 20,735
Yushiro Chemical Industry Company, Ltd. 1,500 19,088
Zenrin Company, Ltd. 2,100 20,705
Zensho Company, Ltd. 6,000 84,426
Zeria Pharmaceutical Company, Ltd. 2,000 34,071
Zuken, Inc. 2,200 15,832
 
    27,373,141
Jersey, C.I. - 0.00%    
Atrium European Real Estate, Ltd. 375 1,800
Liechtenstein - 0.12%    
Liechtensteinische Landesbank AG 1,361 77,192

 

245

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Liechtenstein (continued)    
Verwaltungs & Privat Bank AG 492 $ 50,317
    127,509
Luxembourg - 0.09%    
GAGFAH SA 1,693 10,294
Oriflame Cosmetics SA 65 2,346
Regus PLC 66,614 75,599
 
    88,239
Netherlands - 1.71%    
Aalberts Industries NV 9,501 141,704
Accell Groupaccell Group 1,666 37,780
AMG Advanced    
Metallurgical Group NV (I) 1,851 18,580
Amsterdam Commodities NV 938 12,059
Arcadis NV 6,428 117,491
ASM International NV 5,593 139,043
Beter Bed Holding NV 545 9,909
BinckBank NV 4,073 44,709
Brunel International NV 825 26,472
CSM 5,756 113,541
Dockwise, Ltd. (I) 1,556 19,601
Fornix Biosciences NV 819 629
Grontmij NV 1,294 18,185
Heijmans NV 2,023 26,853
Imtech NV 5,376 151,111
InnoConcepts NV (I) 10,527 141
Kendrion NV 204 4,508
Koninklijke BAM Groep NV 22,920 91,695
Koninklijke Ten Cate NV 3,975 122,307
Koninklijke Wessanen Nv 168 752
Mediq NV 5,827 88,078
Nutreco Holding NV 2,903 181,009
Ordina NV (I) 5,537 10,573
Pharming Group NV (I)(L) 17,228 2,192
Sligro Food Group NV 2,169 72,831
SNS REAAL NV (I) 16,603 41,232
Telegraaf Media Groep NV 4,601 61,137
TKH Group NV 2,067 41,645
TomTom NV (I) 15,548 54,737
Unit 4 Agresso NV 1,920 46,904
USG People NV 6,381 52,781
Wavin NV (I) 2,026 15,560
 
    1,765,749
New Zealand - 0.75%    
Air New Zealand, Ltd. 19,995 16,505
Fisher & Paykel    
Appliances Holdings, Ltd. (I) 73,602 24,946
Fisher & Paykel Healthcare Corp. 28,953 55,052
Freightways, Ltd. 8,921 21,621
Infratil, Ltd. 66,634 89,717
Mainfreight, Ltd. 7,268 53,492
New Zealand Oil & Gas, Ltd. 43,880 21,780
New Zealand Refining Company, Ltd. 19,629 47,438
Nuplex Industries, Ltd. 56,785 121,159
PGG Wrightson, Ltd. (I) 8,197 2,488
Pike River Coal Company, Ltd. (I) 21,968 0
Port of Tauranga, Ltd. 5,763 42,930
Pumpkin Patch, Ltd. 7,395 4,575
Ryman Healthcare, Ltd. 14,826 28,667
Sky City Entertainment Group, Ltd. 49,413 124,385
Sky Network Television, Ltd. 12,878 52,984
Tower, Ltd. 20,665 21,785
Vector, Ltd. 18,041 35,017

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
New Zealand (continued)    
Warehouse Group, Ltd. 4,936 $ 11,947
 
    776,488
Norway - 0.83%    
Acta Holding ASA 24,000 6,590
Aktiv Kapital ASA 4,600 19,743
Algeta ASA (I) 600 17,637
Bonheur ASA 1,100 22,125
BW Offshore, Ltd. 30,800 53,638
BWG Homes ASA 8,510 18,220
Camillo Eitzen & Company ASA (I) 1,300 207
Cermaq ASA (I) 9,600 102,893
Det Norske Oljeselskap ASA (I) 3,542 28,436
DOF ASA (I) 1,335 6,115
EDB Business Partner ASA (I) 946 1,440
Eitzen Chemical ASA (I) 21,250 644
Eltek ASA (I) 22,000 11,392
Ementor ASA 15,457 122,738
Ganger Rolf ASA 700 12,347
Kongsberg Automotive Holding ASA (I) 29,400 12,096
Kverneland Gruppen ASA (I)(L) 15,000 11,663
Nordic Semiconductor ASA (L) 27,500 46,831
Norske Skogindustrier ASA (I)(L) 21,000 14,853
Norwegian Air Shuttle ASA (I) 3,567 36,909
Norwegian Energy Company AS (I)(L) 16,500 11,310
Opera Software ASA 8,100 35,740
Scana Industrier ASA (I) 8,889 3,956
Sevan Marine ASA (I)(L) 51,607 4,159
Siem Offshore, Inc. (I) 20,000 28,596
Solstad Offshore ASA 2,900 41,583
Sparebanken Midt-Norge ASA 3,000 19,922
Tomra Systems ASA 15,212 98,174
Veidekke ASA 6,400 38,837
Wilh Wilhelmsen Holding ASA, Class A 1,300 27,342
 
    856,136
Papua New Guinea - 0.01%    
Highlands Pacific, Ltd. (I) 59,421 12,056
Peru - 0.05%    
Copeinca ASA (I) 9,200 53,965
Portugal - 0.34%    
Altri SGPS SA 31,618 47,983
Banco BPI SA (I) 23,984 21,844
BANIF SGPS SA (I) 17,971 9,827
Brisa Auto Estrada SA 5,251 18,604
Impresa SGPS SA (I) 11,168 6,561
Investimentos Participacoes    
e Gestao SA (I) 15,959 3,231
Mota Engil 5,366 7,360
Portucel - Empresa Produtora de Pasta    
e Papel SA 28,126 65,592
Redes Energeticas Nacionais SA 12,164 34,360
Semapa-Sociedade de Investimento    
& Gestao 5,253 36,659
Sonae 50,046 34,927
Sonae Capital SGPS SA (I) 16,889 5,649
Teixeira Duarte SA 21,736 6,965
Zon Multimedia SA 14,900 45,160
 
    344,722
Russia - 0.01%    
Alliance Oil Company, Ltd., ADR (I) 445 4,725
Singapore - 1.15%    
Asia Food & Properties, Ltd. (I) 190,000 31,391
ASL Marine Holdings, Ltd. (I) 19,600 7,087

 

246

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Singapore (continued)    
Ausgroup Ltdausgroup Ltd. (I) 71,000 $ 17,202
Ban Joo & Company, Ltd. (I) 396,000 4,190
Banyan Tree Holdings, Ltd. 54,000 23,335
Biosensors International Group, Ltd. (I) 46,000 42,587
Bukit Sembawang Estates, Ltd. 16,000 45,080
Cerebos Pacific, Ltd. 10,000 36,256
CH Offshore, Ltd. 38,000 10,619
China Aviation Oil Singapore Corp., Ltd. 12,000 8,120
China Merchants Holdings Pacific, Ltd. 50,000 22,148
Creative Technology, Ltd. 6,650 13,642
CSE Global, Ltd. 55,000 34,381
Ezion Holdings, Ltd. 49,000 17,723
Ezra Holdings, Ltd. 50,400 32,140
First Resources, Ltd. 74,000 68,611
Food Empire Holdings, Ltd. 43,200 10,900
Gallant Venture, Ltd. (I) 71,000 14,665
Gmg Global Ltd. 23,000 3,808
Goodpack, Ltd. 29,000 33,536
Ho Bee Investment, Ltd. 18,000 18,141
Hong Fok Corp., Ltd. (I) 49,000 15,162
Hong Leong Asia, Ltd. 13,000 14,737
Hotel Plaza, Ltd. 21,500 31,867
Hotel Properties, Ltd. 24,000 37,199
HTL International Holdings, Ltd. 34,000 8,801
Hyflux, Ltd. 51,000 57,604
Jaya Holdings, Ltd. (I) 51,000 18,331
Jurong    
Technologies Industrial Corp., Ltd. (I) 194,350 0
Metro Holdings, Ltd. 63,600 31,473
Midas Holdings, Ltd. 115,000 32,274
Oceanus Group, Ltd. (I) 116,000 10,977
Orchard Parade Holdings, Ltd. 5,000 4,930
Osim International, Ltd. 43,000 35,106
Otto Marine, Ltd. 96,000 9,794
Petra Foods, Ltd. 45,000 60,211
Raffles Education Corp., Ltd. 76,188 25,719
Raffles Medical Group, Ltd. 24,289 41,451
Rotary Engineering, Ltd. 22,000 9,702
SBS Transit, Ltd. 5,000 6,436
SC Global Developments, Ltd. 22,000 18,834
Stamford Land Corp., Ltd. 59,000 20,955
Super Coffeemix Manufacturing, Ltd. 42,000 50,061
Swiber Holdings, Ltd. (I) 20,000 7,669
Tat Hong Holdings, Ltd. 31,000 16,262
United Engineers, Ltd. 19,000 25,697
UOB-Kay Hian Holdings, Ltd. 31,000 35,997
WBL Corp., Ltd. 4,000 9,481
Wing Tai Holdings, Ltd. 39,000 36,041
Yongnam Holdings, Ltd. 87,000 15,444
 
    1,183,777
South Africa - 0.06%    
First Uranium Corp. (I)(L) 13,300 2,792
Great Basin Gold, Ltd. (I)(L) 34,200 57,767
 
    60,559
Spain - 1.91%    
Abengoa SA 3,034 64,626
Afirma Grupo Inmobiliario SA (I) 30,139 5,123
Amper SA (I) 1,961 5,703
Antena 3 de Television SA (L) 3,644 21,208
Banco Pastor SA (L) 16,502 63,562
Bankinter SA (L) 4,910 26,743
Bolsas y Mercados Espanoles SA (L) 4,534 121,761
Caja de Ahorros del Mediterraneo 5,428 12,475

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Spain (continued)    
Campofrio Alimentacion SA 223 $ 1,896
Cementos Portland Valderrivas SA (I) 1,547 21,690
Construcciones & Auxiliar    
de Ferrocarriles SA 394 199,794
Corporacion Dermoestetica SA (I) 1,972 2,187
Dinamia SA 1,158 7,128
Duro Felguera SA 2,840 17,808
Ebro Foods SA 16,526 281,948
Elecnor SA 2,026 24,412
Ercros SA (I) 12,567 13,512
Faes Farma SA 15,919 28,453
Fluidra SA 3,227 10,260
Gamesa Corporacion Tecnologica SA 931 4,178
General de Alquiler de Maquinaria (I) 2,658 2,784
Grupo Catalana Occidente SA 2,531 41,533
Grupo Empresarial Ence SA 15,191 38,983
Grupo Tavex SA (I) 6,482 3,365
Indra Sistemas SA 6,672 96,051
Laboratorios Almirall SA 6,009 42,390
Laboratorios Farmaceuticos Rovi SA 1,750 12,144
NH Hoteles SA (I) 8,165 33,686
Obrascon Huarte Lain SA 3,281 80,539
Papeles y Cartones de Europa SA 4,778 18,263
Pescanova SA 587 18,685
Promotora de Informaciones SA (I) 9,049 9,689
Prosegur Cia de Seguridad SA 1,737 73,766
Realia Business SA (I) 9,431 13,611
Service Point Solutions SA (I) 7,933 2,871
Sociedad Nacional Inds. (I) 12,960 19,759
Sol Melia SA 5,056 33,346
SOS Cuetara SA (I) 11,142 4,291
Tecnicas Reunidas SA 1,910 60,980
Tubacex SA (I) 10,312 24,456
Tubos Reunidos SA (I) 9,106 18,436
Unipapel SA 209 3,354
Vidrala SA 2,647 66,224
Viscofan SA 6,729 242,601
Vocento SA (I) 9,411 25,025
Zeltia SA (I)(L) 21,956 44,905
 
    1,966,204
Sweden - 2.40%    
AarhusKarlshamn AB 5,545 130,691
Acando AB 6,279 12,545
Active Biotech AB (I) 2,172 9,648
AddTech AB 2,310 44,365
Angpanneforeningen AB 3,536 51,426
Avanza Bank Holding AB 1,104 26,219
Axfood AB 1,565 53,372
Axis Communications AB 9,260 151,272
BE Group AB (I) 4,723 15,773
Beijer Alma AB 229 3,548
Bergman & Beving AB 3,490 26,605
Betsson Abbetsson AB (I) 2,976 55,597
Bilia AB 1,720 21,831
Billerud Aktibolag AB 18,295 122,796
BioGaia AB 35 786
Bure Equity AB (I) 7,860 21,484
Castellum AB 2,434 29,646
Clas Ohlson AB (L) 4,002 43,469
Cloetta AB 2,181 8,844
Concordia Maritime AB 2,200 4,151
D Carnegie & Company AB (I) 845,205 0
Duni AB 6,481 48,788
East Capital Explorer AB 3,589 27,337

 

247

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Sweden (continued)    
Enea AB (I) 1,999 $ 7,542
Eniro AB (I) 12,390 24,038
Fabege AB 5,442 41,091
Fagerhult AB 749 15,130
G & L Beijer AB 1,125 34,100
Haldex AB 6,370 23,729
Hoganas AB 4,776 127,074
Holmen AB, Series B 4,455 110,554
Hufvudstaden AB-A SHS 638 6,175
Industrial & Financial Systems AB 3,487 45,598
Indutrade AB 1,973 46,963
Intrum Justitia AB 6,104 74,691
JM AB 8,981 114,794
KappAhl Holding AB (I)(L) 8,073 16,250
Lindab International AB 6,008 37,763
Loomis AB 2,420 28,317
Mekonomen AB 2,150 66,674
NCC AB 8,075 131,057
Net Insight AB (I)(L) 40,297 11,683
New Wave Group AB 6,024 21,005
Nibe Industrier AB 7,676 110,255
Nobia AB (I) 17,611 60,413
OEM International AB 1,799 12,874
ORC Software AB 1,548 10,410
PA Resources AB (I) 19,862 5,603
Peab AB 14,016 68,291
Proffice AB 6,320 18,523
Rezidor Hotel Group AB (I) 8,897 25,834
RNB Retail & Brands AB (I) 31,521 10,771
SAS AB (I)(L) 17,484 27,612
Seco Tools AB 2,691 28,769
Studsvik AB (I) 218 1,123
Sweco AB 3,557 29,221
Swedish Orphan Biovitrum AB (I) 11,871 28,134
TradeDoubler AB (I) 4,887 16,118
Trelleborg AB, Series B 18,933 121,796
Wihlborgs Fastigheter AB 392 4,946
 
    2,475,114
Switzerland - 4.41%    
Advanced Digital    
Broadcast Holdings SA (I) 245 2,639
Affichage Holding AG (I) 88 13,104
AFG Arbonia-Forster Holding AG (I) 1,594 27,508
Allreal Holding AG (I) 690 106,676
Ascom Holding AG 3,146 29,892
Autoneum Holding AG (I) 430 25,918
Bank Coop AG 1,620 116,918
Bank Sarasin & Compagnie AG 3,236 98,843
Banque Privee Edmond de Rothschild SA 1 26,924
Basilea Pharmaceutica (I) 776 33,074
Belimo Holding AG 24 42,692
Bellevue Group AG (I) 655 8,471
Berner Kantonalbank 285 78,473
Bobst Group AG (I) 1,189 25,257
Bucher Industries AG 751 116,828
Burckhardt Compression Holding AG 370 73,085
Centralschweizerische Kraftwerke AG 127 46,127
Charles Voegele Holding AG (I) 998 30,007
Cicor Technologies (I) 322 11,729
Compagnie Financiere Tradition SA BR 211 18,179
Cytos Biotechnology AG (I) 166 414
Daetwyler Holding AG 778 42,401
Dufry Group AG (I) 1,855 161,796
EFG International (I) 5,629 41,496

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Switzerland (continued)    
Emmi AG 319 $ 68,237
EMS-Chemie Holding AG 426 73,875
Energiedienst Holding AG (I) 559 31,865
Etrion Corp. (I) 2,427 1,384
Ferrexpo PLC 5,662 23,116
Flughafen Zuerich AG 380 142,934
Forbo Holding AG (I) 196 76,850
Galenica Holding AG 437 223,722
GAM Holding, Ltd. (I) 25,978 324,675
Georg Fischer AG (I) 952 330,622
Gottex Fund    
Management Holdings, Ltd. (I) 1,478 5,674
Helvetia Patria Holding AG 307 93,329
Inficon Holding AG (I) 75 10,939
Kaba Holding AG 317 107,668
Komax Holding AG (I) 777 54,153
Kudelski SA 4,675 41,441
Kuoni Reisen Holding AG (I) 248 74,336
LEM Holding SA 52 22,311
Logitech International SA (I)(L) 9,485 72,882
Luzerner Kantonalbank AG (I) 127 44,879
Meyer Burger Technology AG (I)(L) 3,227 81,937
Micronas Semiconductor Holding AG (I) 5,145 34,402
Mobilezone Holding AG 3,138 31,873
Mobimo Holding AG (I) 528 127,166
Orascom Development Holding AG (I) 1,134 21,524
Orell Fuessli Holding AG 136 16,330
Panalpina Welttransport Holding AG (I) 1,612 137,172
Petroplus Holdings AG (I) 9,787 54,355
Phoenix Mecano AG 31 15,356
PubliGroupe SA 20 2,647
Rieter Holding AG (I) 430 68,473
Romande Energie Holding SA 52 73,179
Schaffner Holding AG (I) 40 10,324
Schmolz + Bickenbach AG (I) 945 6,292
Schweizerhall Holding AG (I) 303 22,964
Schweizerische National-Versicherungs-    
Gesellschaft AG 1,339 44,939
Siegfried Holding AG (I) 53 5,245
St. Galler Kantonalbank 55 24,379
Straumann Holding AG 16 2,502
Swissquote Group Holding SA 1,093 44,956
Tamedia AG (I) 188 24,451
Tecan Group AG (I) 636 45,564
Temenos Group AG (I) 8,708 117,199
Unaxis Holding AG (I) 14,200 80,646
Valiant Holding AG 602 81,199
Valora Holding AG 284 61,274
Vaudoise Assurances Holding SA 138 37,890
Von Roll Holding AG (I)(L) 7,878 27,714
Vontobel Holding AG 3,372 84,857
WMH Walter Meier AG 163 37,552
Ypsomed Holding AG (I) 276 16,734
Zuger Kantonalbank 17 93,523
 
    4,537,961
Taiwan - 0.00%    
Ya Hsin Industrial Company, Ltd. (I) 138,000 0
United Arab Emirates - 0.13%    
Lamprell PLC 33,952 135,702
United Kingdom - 17.02%    
888 Holdings PLC (I) 12,231 5,983
A.G. Barr PLC 3,000 55,567
Aberdeen Asset Management PLC 52,239 139,739

 

248

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
AEA Technology Group PLC (I) 19,508 $ 692
Aegis Group PLC (I) 74,891 143,850
Afren PLC (I) 55,554 69,674
Alexon Group PLC (I) 6,881 304
Alizyme PLC (I) 22,479 0
Amlin PLC 12,534 54,936
Anglo Pacific Group PLC 10,171 39,153
Antisoma PLC (I) 56,367 1,937
Ashtead Group PLC 54,314 111,722
Aveva Group PLC 9,024 196,674
Avis Europe PLC (I) 6,910 33,883
Axis-Shield PLC 2,271 16,106
Babcock International Group PLC 43,044 437,534
Balfour Beatty PLC 40,039 158,185
Barratt Developments PLC (I) 98,477 119,235
BBA Aviation PLC 48,270 125,296
Bellway PLC 10,163 98,116
Berkeley Group Holdings PLC (I) 13,633 251,722
Bodycote PLC 19,111 72,950
Bovis Homes Group PLC 13,879 86,991
Brammer PLC 8,722 33,125
Brewin Dolphin Holdings PLC 23,416 43,230
British Polythene Industries PLC 4,443 23,450
Britvic PLC 32,362 157,811
BTG PLC (I) 25,585 98,904
Cable & Wireless Communications PLC 21,123 12,161
Capital & Counties Properties PLC 4,640 12,111
Capital & Regional PLC (I) 28,406 15,604
Carillion PLC 24,658 127,222
Carpetright PLC 4,169 31,936
Carphone Warehouse Group PLC 3,163 16,533
Charles Taylor Consulting PLC 3,000 6,438
Chemring Group PLC 37,420 306,672
Chesnara PLC 704 2,268
Chime Communications PLC 5,129 15,059
Cineworld Group PLC 6,663 18,668
Close Brothers Group PLC 16,016 163,560
Cobham PLC 6,141 16,657
Collins Stewart PLC 14,755 14,550
Colt Telecom Group SA (I) 31,617 49,905
Communisis PLC 1 0
Computacenter PLC 9,482 54,404
Concentric Ab (I) 6,370 27,275
Cookson Group PLC 33,297 223,226
Corin Group PLC 4,523 3,019
Costain Group PLC 3,598 11,931
Cranswick PLC 8,814 86,636
Creston PLC 10,587 12,467
Croda International PLC 12,609 321,213
CSR PLC 18,505 60,119
D.S. Smith PLC 57,738 156,138
Daily Mail & General Trust PLC 17,811 100,350
Dairy Crest Group PLC 13,990 76,105
Davis Service Group PLC 17,163 115,022
De La Rue PLC 7,909 102,486
Debenhams PLC 116,644 101,379
Dechra Pharmaceuticals PLC 6,519 49,885
Devro PLC 2,601 9,515
Dicom Group PLC (I) 12,964 57,743
Dignity PLC 5,430 71,812
Diploma PLC 4,658 23,091
Dixons Retail PLC (I) 231,071 41,009
Domino Printing Sciences PLC 15,811 113,504
Domino’s Pizza UK & IRL PLC 7,102 48,956
Drax Group PLC 25,187 186,992

 

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
DTZ Holdings PLC (I) 9,217 $ 4,219
Dunelm Group PLC 9,530 69,798
E2V Technologies PLC 478 727
easyJet PLC (I) 11,008 58,756
Electrocomponents PLC 45,730 134,840
Elementis PLC 54,724 104,838
Enquest PLC (I) 46,110 63,499
Enterprise Inns PLC (I) 55,142 28,477
Euromoney Institutional Investor PLC 8,075 77,265
Evolution Group PLC 24,073 29,937
F&C Asset Management PLC 41,888 42,497
Fidessa Group PLC 4,471 109,045
Filtrona PLC 27,028 146,002
Findel PLC (I) 318,283 23,242
FirstGroup PLC 35,332 175,142
Fortune Oil PLC 368,591 58,108
Galliford Try PLC 8,666 59,326
Game Group PLC 27,019 9,902
Gem Diamonds, Ltd. (I) 12,666 40,986
Genus PLC 5,336 86,755
Go-Ahead Group PLC 3,744 76,808
Greene King PLC 17,324 117,038
Greggs PLC 8,678 62,264
Halfords Group PLC 30,497 137,761
Halma PLC 51,425 251,923
Hampson Industries PLC (I) 32,209 4,761
Hardy Oil & Gas PLC (I) 5,072 13,271
Hays PLC 90,038 96,611
Headlam Group PLC 4,631 17,651
Helical Bar PLC 8,263 24,947
Henderson Group PLC 72,524 115,373
Hikma Pharmaceuticals PLC 18,634 164,937
Hill & Smith Holdings PLC 6,401 24,550
HMV Group PLC 36,339 2,814
Hochschild Mining PLC 16,572 105,181
Homeserve PLC 23,941 170,825
Howden Joinery Group PLC (I) 113,752 180,940
Hunting PLC 11,768 108,968
Hyder Consulting PLC 3,872 21,459
IG Group Holdings PLC 29,583 204,417
Imagination Technologies Group PLC (I) 42,994 278,037
Inchcape PLC 27,669 119,787
Intermediate Capital Group PLC 43,942 146,248
International Personal Finance PLC 53,398 184,059
Interserve PLC 12,721 59,435
ITE Group PLC 16,803 41,273
J.D. Wetherspoon PLC 9,690 58,509
James Fisher & Sons PLC 4,579 36,238
Jardine Lloyd Thompson Group PLC (L) 12,662 123,806
Jazztel PLC (I) 16,347 80,716
JKX Oil & Gas PLC 8,683 22,077
Kcom Group PLC 117,578 128,969
Keller Group PLC 4,607 23,906
Kesa Electricals PLC 45,975 59,803
Kier Group PLC 2,737 53,780
Ladbrokes PLC 55,844 103,114
Laird Group PLC 26,527 56,877
Logica PLC 103,643 126,082
London Stock Exchange Group PLC 3,716 46,628
Lookers PLC 17,654 14,155
Low & Bonar PLC 21,034 16,270
M.J. Gleeson Group PLC (I) 8,478 13,786
Marshalls PLC 1,729 2,628
Marston’s PLC 25,080 36,270
McBride PLC (I) 14,770 27,508

 

249

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
United Kingdom (continued)    
Mears Group PLC 8,289 $ 35,844
Melrose PLC (L) 37,529 169,317
Michael Page International PLC 20,769 118,148
Micro Focus International PLC 27,844 139,214
Millennium & Copthorne Hotels PLC 12,580 78,194
Misys PLC (I) 41,831 139,789
Mitchells & Butlers PLC (I) 31,070 113,163
Mitie Group PLC 21,404 77,597
Moneysupermarket.com Group PLC 5,677 9,067
Morgan Crucible Company PLC 22,928 86,983
Mothercare PLC 6,928 33,777
Mouchel Parkman PLC (I) 23,900 12,784
MWB Group Holdings PLC (I) 11,618 6,232
N. Brown Group PLC 16,271 67,859
National Express Group PLC 34,580 125,038
NCC Group, Ltd. 4,560 47,547
Northgate PLC (I) 1,332 5,175
Northumbrian Water Group PLC 41,125 296,910
Novae Group PLC 2,664 12,503
Optos PLC (I) 3,748 8,545
Oxford Biomedica PLC (I) 77,574 6,377
Oxford Instruments PLC 2,558 32,135
Pace Micro Technology PLC 26,281 38,790
Paypoint PLC 6,600 48,270
Pendragon PLC (I) 63,903 9,345
Persimmon PLC 26,100 184,371
Petropavlovsk PLC 20,453 188,667
Photo-Me International PLC 24,627 19,600
Premier Farnell PLC 47,494 113,868
Premier Foods PLC (I) 158,104 25,288
Premier Oil PLC (I) 25,504 137,094
Provident Financial PLC 11,386 176,916
Psion PLC 13,365 11,044
Punch Taverns PLC (I) 20,164 3,508
PV Crystalox Solar PLC 29,464 5,952
PZ Cussons PLC 17,701 90,602
Qinetiq PLC 59,423 107,107
Quintain Estates & Development PLC (I) 54,012 33,662
Rathbone Brothers PLC 4,853 78,334
Redrow PLC (I) 28,411 49,067
Renishaw PLC 2,747 43,233
Rentokil Initial PLC (I) 5,837 6,460
Restaurant Group PLC 15,717 66,898
Rightmove PLC 11,119 206,602
RM PLC 10,003 12,117
Rotork PLC 16,023 385,688
RPC Group PLC 19,465 102,069
RPS Group PLC 17,736 45,149
Salamander Energy PLC (I) 13,282 40,706
Savills PLC 12,736 56,399
SDL PLC 17,692 178,707
Senior PLC 7,045 15,795
Shanks Group PLC 57,986 99,646
SIG PLC 642 924
Smiths News PLC 16,404 21,796
Soco International PLC (I) 16,636 84,234
Spectris PLC 10,418 188,699
Spirax-Sarco Engineering PLC 10,190 283,363
Spirent Communications PLC 61,445 116,549
Spirit Pub Company PLC (I) 20,164 11,163
Sportech PLC (I) 11,390 7,192
Sports Direct International PLC (I) 15,902 53,876
St James’s Place PLC 19,791 94,820
St. Modwen Properties PLC 14,271 26,001
Stagecoach Group PLC (I) 31,175 118,865

 

International Small Company Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS (continued)      
United Kingdom (continued)      
Sthree PLC   8,144 $ 28,904
STV Group PLC (I)   2,685 4,381
Supergroup Plcsupergroup Plc (I)   11 177
Synergy Health PLC   5,377 71,532
TalkTalk Telecom Group PLC   24,348 47,842
Taylor Wimpey PLC (I)   231,863 125,765
Telecity Group PLC (I)   16,984 146,568
Thomas Cook Group PLC   5,723 3,513
Thorntons PLC   4,184 3,002
Topps Tiles PLC   15,591 8,213
Travis Perkins PLC   18,315 215,487
Tribal Group PLC   7,453 5,477
Trinity Mirror PLC (I)   6,673 4,241
TT electronics PLC   14,769 35,644
TUI Travel PLC   1,293 2,980
Tullett Prebon PLC   20,558 108,187
UK Coal PLC (I)   28,144 15,037
UK Mail Group PLC   2,825 9,588
Ultra Electronics Holdings PLC   5,588 130,400
Umeco PLC   10,112 49,765
Uniq Plcuniq Plc (I)   969 1,449
United Business Media, Ltd.   12,014 83,621
UTV Media PLC   14,284 27,277
Vectura Group PLC (I)   29,652 39,671
Victrex PLC   6,726 113,632
Vitec Group PLC   1,250 10,326
Volex Group PLC   2,300 10,541
VP PLC   637 2,305
W.S. Atkins PLC   9,549 80,138
WH Smith PLC   12,472 95,779
William Hill PLC   57,734 202,852
Wilmington Group PLC   8,076 11,478
Wincanton PLC   88 109
Wolfson Microelectronics PLC (I)   12,200 25,539
WSP Group PLC   7,096 26,638
Xchanging PLC (I)   19,640 23,421
Yell Group PLC (I)(L)   116,656 7,398
Yule Catto & Company PLC   6,992 17,443
 
      17,533,165
United States - 0.28%      
Argonaut Gold, Inc. (I)   735 3,668
Atlantic Power Corp.   5,100 72,127
BNK Petroleum, Inc. (I)   5,141 12,559
Boart Longyear Group   36,330 89,708
Golden Star Resources, Ltd. (I)   27,300 51,323
Jaguar Mining, Inc. (I)(L)   7,500 35,070
Swisher Hygiene, Inc. (I)   6,000 24,300
Tethys Petroleum Ltd. (I)   5,500 2,887
 
      291,642
TOTAL COMMON STOCKS (Cost $129,812,246) $ 98,330,078
 
CONVERTIBLE BONDS - 0.01%      
Spain - 0.01%      
Banco de Sabadell SA      
7.750%, 11/11/2013 EUR 8,146 6,797
TOTAL CONVERTIBLE BONDS (Cost $32,732) $ 6,797
 
RIGHTS - 0.00%      
Diagnostic & Therapeutic Center of Athens    
Hygeia SA (Expiration Date:      
10/18/2011, Strike Price: EUR 0.41) (I) 12,314 0

 

250

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Small Company Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
RIGHTS (continued)      
Inapa-Invest Particip Gesta (Expiration      
Date: 10/14/2011, Strike Price:      
EUR 0.18) (I)   15,959 $ 21
Oak Capital Corp. (Expiration Date:      
11/30/2011, Strike Price: JPY 220.00) (I) 600 0
TOTAL RIGHTS (Cost $0)     $ 21
 
WARRANTS - 0.00%      
Compton Petroleum Corp. (Expiration      
Date: 08/23/2014, Strike Price:      
CAD 11.92) (I)   218 624
Sinarmas Land, Ltd. (Expiration Date:      
11/18/2015, Strike Price: SGD 0.10) (I)   48,612 2,230
TOTAL WARRANTS (Cost $21,349)     $ 2,854
 
SECURITIES LENDING COLLATERAL - 2.39%  
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   246,619 2,467,477
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $2,467,548)     $ 2,467,477
 
SHORT-TERM INVESTMENTS - 3.91%    
Money Market Funds - 3.91%      
State Street Institutional Liquid Reserves      
Fund, 0.0927% (Y) $ 4,028,319 $ 4,028,319
TOTAL SHORT-TERM INVESTMENTS (Cost $4,028,319) $ 4,028,319
Total Investments (International Small Company Trust)  
(Cost $136,362,194) - 101.76%     $ 104,835,546
Other assets and liabilities, net - (1.76%)     (1,818,173)
TOTAL NET ASSETS - 100.00%     $ 103,017,373
 
 
 
International Value Trust      
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 96.63%      
Australia - 0.75%      
Billabong International, Ltd. (L)   1,067,327 $ 3,361,517
Downer EDI, Ltd. (I)   1,353,200 3,704,111
 
      7,065,628
Austria - 0.79%      
Telekom Austria AG   734,930 7,414,380
Bermuda - 0.43%      
PartnerRe, Ltd.   76,990 4,024,267
Brazil - 0.71%      
Petroleo Brasileiro, ADR   169,500 3,512,040
Vale SA, ADR   150,240 3,155,040
 
      6,667,080
Canada - 0.82%      
Talisman Energy, Inc.   625,440 7,687,439
China - 0.91%      
China Telecom Corp., Ltd.   13,736,427 8,554,178
Shanghai Electric Group Company, Ltd.   72,000 27,576
 
      8,581,754
Denmark - 1.88%      
Danske Bank A/S (I)   922,800 12,934,312

 

International Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Denmark (continued)    
Vestas Wind Systems A/S (I) 288,280 $ 4,674,537
 
    17,608,849
France - 12.03%    
AXA SA 1,086,931 14,112,835
BNP Paribas 372,890 14,759,866
Carrefour SA 263,440 5,993,026
France Telecom SA 762,773 12,507,771
GDF Suez 174,840 5,223,051
Sanofi 392,333 25,760,216
Societe Generale 432,180 11,323,759
Total SA 333,336 14,697,008
Vivendi SA 417,353 8,521,347
 
    112,898,879
Germany - 6.98%    
Deutsche Lufthansa AG 495,580 6,392,983
E.ON AG 460,890 10,051,518
Merck KGaA 209,350 17,130,172
Muenchener Rueckversicherungs - Gesellschaft    
AG (MunichRe) 119,887 14,860,599
SAP AG 150,100 7,651,384
Siemens AG 103,671 9,365,864
 
    65,452,520
Hong Kong - 1.07%    
China Mobile, Ltd. 817,000 7,972,924
First Pacific Company, Ltd. 2,338,000 2,041,273
 
    10,014,197
India - 1.06%    
Reliance Industries, Ltd. 615,334 9,988,593
Ireland - 0.75%    
CRH PLC 418,460 6,454,215
Elan Corp. PLC, ADR (I) 60,120 633,064
 
    7,087,279
Italy - 1.48%    
Autogrill SpA 254,535 2,558,155
UniCredit SpA 10,636,265 11,318,823
 
    13,876,978
Japan - 7.90%    
ITOCHU Corp. 721,260 6,888,837
Mazda Motor Corp. (I)(L) 2,372,000 4,775,175
Nintendo Company, Ltd. 63,095 9,190,306
NKSJ Holdings, Inc. 495,867 10,954,554
Nomura Holdings, Inc. 2,717,220 9,901,305
Sony Corp. 216,204 4,149,236
Toyota Motor Corp. 354,130 12,105,735
Trend Micro, Inc. 367,100 11,458,566
USS Company, Ltd. 55,320 4,705,533
 
    74,129,247
Netherlands - 9.75%    
Aegon NV (I) 2,356,585 9,500,576
Akzo Nobel NV 173,260 7,659,457
ING Groep NV (I) 3,557,780 25,039,696
Koninklijke Philips Electronics NV 646,505 11,572,888
Randstad Holdings NV 276,880 8,832,430
Reed Elsevier NV 772,650 8,449,127
Royal Dutch Shell PLC, B Shares 657,396 20,418,581
 
    91,472,755
Norway - 4.62%    
Statoil ASA 1,006,120 21,497,599

 

251

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

International Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Norway (continued)    
Telenor ASA 1,414,455 $ 21,804,885
    43,302,484
Russia - 1.24%    
Gazprom OAO, ADR 1,209,550 11,551,203
Gazprom OAO, ADR (London Exchange) 4,600 44,001
 
    11,595,204
Singapore - 3.04%    
Flextronics International, Ltd. (I) 2,218,370 12,489,423
Singapore Telecommunications, Ltd. 6,626,000 15,997,889
 
    28,487,312
South Korea - 6.17%    
KB Financial Group, Inc., ADR (L) 512,203 16,779,770
KIWOOM Securities Company, Ltd. 57,090 2,723,553
Korea Investment Holdings Company, Ltd. 88,150 2,533,305
POSCO 32,684 10,048,764
Samsung Electronics Company, Ltd. 36,808 25,784,488
 
    57,869,880
Spain - 1.86%    
Telefonica SA 908,896 17,424,721
Sweden - 0.76%    
Telefonaktiebolaget LM Ericsson, B Shares 744,204 7,130,678
Switzerland - 9.51%    
Adecco SA (I) 1,677 65,760
Basilea Pharmaceutica (I) 36,130 1,539,896
Credit Suisse Group AG (I) 886,260 22,997,720
Lonza Group AG (I) 99,460 5,970,159
Noble Corp. (I) 194,390 5,705,347
Roche Holdings AG 179,202 28,830,322
Swiss Re, Ltd. (I) 251,611 11,710,490
UBS AG (Swiss Exchange) (I) 1,088,836 12,394,513
 
    89,214,207
Taiwan - 4.83%    
Compal Electronics, Inc. 13,233,334 12,041,594
Compal Electronics, Inc., GDR (S) 2,123 9,858
Lite-On Technology Corp. 6,188,067 5,610,253
Siliconware Precision Industries Company 8,523,000 8,373,355
Taiwan Semiconductor    
Manufacturing Company, Ltd. 8,509,581 19,280,672
 
    45,315,732
United Kingdom - 17.29%    
Aviva PLC 3,897,310 18,415,329
BAE Systems PLC 1,753,561 7,229,417
BP PLC 1,840,025 11,036,296
Carillion PLC 1,520,420 7,844,579
G4S PLC 2,910,180 12,066,198
GlaxoSmithKline PLC 1,112,124 22,961,445
Hays PLC 7,322,723 7,857,295
Kingfisher PLC 2,797,100 10,721,757
Lloyds Banking Group PLC (I) 14,535,330 7,707,507
Marks & Spencer Group PLC 1,089,640 5,297,156
Premier Foods PLC (I) 6,627,502 1,060,052
Rexam PLC 1,713,360 8,216,707
Tesco PLC 3,778,560 22,102,507
Vodafone Group PLC 7,642,088 19,734,513
 
    162,250,758
TOTAL COMMON STOCKS (Cost $1,130,267,647) $ 906,560,821

 

International Value Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
SECURITIES LENDING COLLATERAL - 1.29%  
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   1,210,745 $ 12,113,741
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $12,113,051)     $ 12,113,741
 
SHORT-TERM INVESTMENTS - 3.09%      
Time Deposits* - 3.09%      
Bank of Montreal, 0.050%, 10/03/2011 $ 9,000,000 $ 9,000,000
Royal Bank of Canada, 0.040%, 10/03/2011 20,000,000 20,000,000
 
      29,000,000
TOTAL SHORT-TERM INVESTMENTS (Cost $29,000,000) $ 29,000,000
Total Investments (International Value Trust)    
(Cost $1,171,380,698) - 101.01%     $ 947,674,562
Other assets and liabilities, net - (1.01%)     (9,487,347)
 
TOTAL NET ASSETS - 100.00%     $ 938,187,215
 
 
 
 
Investment Quality Bond Trust    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 42.69%      
U.S. Government - 15.70%      
U.S. Treasury Bonds      
4.250%, 05/15/2039 $ 2,475,000 $ 3,124,300
4.375%, 11/15/2039 to 05/15/2041   7,600,000 9,818,294
4.625%, 02/15/2040 (F)   6,125,000 8,208,455
4.750%, 02/15/2041   1,950,000 2,673,633
5.375%, 02/15/2031   800,000 1,129,250
6.250%, 08/15/2023 (F)   4,000,000 5,712,500
8.125%, 08/15/2019 to 08/15/2021   4,002,000 6,229,380
U.S. Treasury Notes      
0.625%, 02/28/2013 to 07/15/2014   21,450,000 21,579,027
2.500%, 04/30/2015   700 748
 
      58,475,587
U.S. Government Agency - 26.99%      
Federal Home Loan Mortgage Corp.      
5.000%, 12/01/2034   1,177,371 1,266,535
6.500%, 04/01/2029 to 08/01/2034   87,366 97,326
7.500%, 08/01/2025 to 05/01/2028   22,031 25,029
Federal National Mortgage Association      
3.500%, TBA   5,000,000 5,138,437
4.000%, TBA   60,800,000 63,744,799
4.663%, 05/01/2013   543,727 557,730
5.500%, TBA   12,100,000 13,133,104
5.624%, 12/01/2011   281,312 283,203
5.987%, 11/01/2011   89,236 89,286
6.024%, 03/01/2012   284,517 289,766
6.062%, 05/01/2012   712,698 728,553
6.500%, TBA   100,000 110,281
7.000%, 06/01/2029   242 274
Government National      
Mortgage Association      
4.000%, TBA   13,000,000 13,905,894
6.000%, 12/15/2013 to 04/15/2035   183,928 203,678
6.500%, 06/15/2028 to 02/15/2035   116,902 130,989
7.000%, 11/15/2031 to 11/15/2033   696,838 798,729

 

252

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Government National Mortgage      
Association (continued)      
8.000%, 07/15/2030 $ 7,287 $ 8,470
      100,512,083
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $149,646,189)   $ 158,987,670
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 1.60%      
Brazil - 1.17%      
Federative Republic of Brazil      
5.875%, 01/15/2019   1,430,000 1,640,924
Federative Republic of Brazil, Series F      
10.000%, 01/01/2012 BRL 5,030,000 2,731,084
 
      4,372,008
Mexico - 0.20%      
Government of Mexico      
5.625%, 01/15/2017 $ 680,000 757,520
Qatar - 0.23%      
Government of Qatar      
4.000%, 01/20/2015 (S)   800,000 842,000
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $5,910,595)   $ 5,971,528
 
CORPORATE BONDS - 46.95%      
Consumer Discretionary - 5.10%      
Affinia Group, Inc.      
9.000%, 11/30/2014   15,000 14,475
10.750%, 08/15/2016 (S)   13,000 13,260
AMC Entertainment, Inc.      
8.750%, 06/01/2019   45,000 44,213
AutoZone, Inc.      
4.000%, 11/15/2020   810,000 812,491
Buffalo Thunder Development Authority      
9.375%, 12/15/2014 (H)(S)   85,000 30,813
Caesars Entertainment Operating      
Company, Inc.      
11.250%, 06/01/2017   25,000 25,219
Catalina Marketing Corp., PIK      
10.500%, 10/01/2015 (S)   35,000 33,775
CBS Corp.      
5.750%, 04/15/2020   385,000 424,236
8.200%, 05/15/2014   745,000 856,730
CCO Holdings LLC/CCO      
Holdings Capital Corp.      
7.875%, 04/30/2018   15,000 15,263
8.125%, 04/30/2020   10,000 10,400
Clear Channel Worldwide Holdings, Inc.,      
Series B      
9.250%, 12/15/2017   20,000 20,450
Comcast Cable Communications LLC      
8.500%, 05/01/2027   556,000 733,685
Comcast Corp.      
5.700%, 05/15/2018   545,000 630,543
COX Communications, Inc.      
8.375%, 03/01/2039 (S)   150,000 207,099
CSC Holdings, Inc.      
7.625%, 07/15/2018   184,000 192,280
Daimler Finance North America LLC      
2.625%, 09/15/2016 (S)   600,000 585,593
8.500%, 01/18/2031   575,000 814,739

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
3.500%, 03/01/2016 $ 565,000 $ 583,337
4.750%, 10/01/2014   440,000 476,909
DISH DBS Corp.      
6.750%, 06/01/2021 (S)   51,000 48,705
Easton-Bell Sports, Inc.      
9.750%, 12/01/2016   25,000 26,125
Ford Motor Company      
7.450%, 07/16/2031   75,000 84,831
HSN, Inc.      
11.250%, 08/01/2016   25,000 27,375
Liberty Media LLC      
8.250%, 02/01/2030   103,000 97,593
Limited Brands, Inc.      
7.000%, 05/01/2020   95,000 99,750
Macy’s Retail Holdings, Inc.      
5.875%, 01/15/2013   1,201,000 1,252,414
5.900%, 12/01/2016   190,000 208,669
6.900%, 04/01/2029   419,000 471,106
Mediacom Broadband LLC/Mediacom      
Broadband Corp      
8.500%, 10/15/2015   78,000 77,610
MGM Resorts International      
9.000%, 03/15/2020   10,000 10,388
10.375%, 05/15/2014   5,000 5,456
11.125%, 11/15/2017   5,000 5,488
NBCUniversal Media LLC      
5.150%, 04/30/2020   900,000 988,234
NetFlix, Inc.      
8.500%, 11/15/2017   45,000 48,713
News America, Inc.      
4.500%, 02/15/2021   115,000 115,702
7.750%, 01/20/2024   622,000 773,747
7.850%, 03/01/2039   325,000 402,683
Peninsula Gaming LLC/Peninsula      
Gaming Corp      
8.375%, 08/15/2015   20,000 19,900
PVH Corp.      
7.375%, 05/15/2020   25,000 26,063
Quebecor Media, Inc.      
7.750%, 03/15/2016   70,000 69,963
QVC, Inc.      
7.500%, 10/01/2019 (S)   40,000 42,600
Royal Caribbean Cruises, Ltd.      
11.875%, 07/15/2015   15,000 17,400
Service Corp. International      
7.375%, 10/01/2014   10,000 10,675
7.625%, 10/01/2018   20,000 21,150
Sinclair Television Group, Inc.      
9.250%, 11/01/2017 (S)   15,000 15,750
Staples, Inc.      
9.750%, 01/15/2014   935,000 1,084,071
TCI Communications, Inc.      
8.750%, 08/01/2015   692,000 844,071
Tenneco, Inc.      
8.125%, 11/15/2015   40,000 40,800
The Interpublic Group of Companies, Inc.      
10.000%, 07/15/2017   85,000 96,688
Time Warner Cable, Inc.      
4.000%, 09/01/2021   305,000 298,737
5.850%, 05/01/2017   1,390,000 1,545,625
8.250%, 02/14/2014   205,000 233,078
Time Warner Companies, Inc.      
7.250%, 10/15/2017   390,000 467,377

 

253

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Time Warner, Inc.      
6.250%, 03/29/2041 $ 300,000 $ 343,154
7.700%, 05/01/2032   1,298,000 1,650,457
TRW Automotive, Inc.      
7.250%, 03/15/2017 (S)   155,000 162,750
Videotron Ltee      
9.125%, 04/15/2018   592,000 645,280
Wynn Las Vegas LLC/Wynn Las Vegas      
Capital Corp.      
7.750%, 08/15/2020   80,000 84,000
 
      18,989,688
Consumer Staples - 4.01%      
Altria Group, Inc.      
4.750%, 05/05/2021   225,000 233,073
9.250%, 08/06/2019   360,000 472,420
9.700%, 11/10/2018   900,000 1,193,905
10.200%, 02/06/2039   300,000 435,748
Cargill, Inc.      
4.307%, 05/14/2021 (S)   1,371,000 1,488,674
Cia de Bebidas das Americas      
8.750%, 09/15/2013   780,000 881,400
Coca-Cola Enterprises, Inc.      
2.125%, 09/15/2015   950,000 955,809
Constellation Brands, Inc.      
7.250%, 09/01/2016 to 05/15/2017   120,000 126,000
CVS Caremark Corp.      
6.125%, 08/15/2016   175,000 202,533
6.250%, 06/01/2027   310,000 378,258
CVS Caremark Corp. (6.302% to      
06/01/2012, then 3 month      
LIBOR + 2.065%)      
06/01/2037   415,000 401,513
CVS Pass-Through Trust      
6.943%, 01/10/2030   533,435 599,388
General Mills, Inc.      
5.200%, 03/17/2015   445,000 499,148
5.650%, 02/15/2019   225,000 266,740
Lorillard Tobacco Company      
3.500%, 08/04/2016   61,000 61,125
6.875%, 05/01/2020   209,000 232,055
8.125%, 06/23/2019   220,000 258,020
PepsiCo, Inc.      
7.900%, 11/01/2018   107,000 142,527
Pernod-Ricard SA      
5.750%, 04/07/2021 (S)   1,136,000 1,246,867
Procter & Gamble      
9.360%, 01/01/2021   313,184 417,448
Revlon Consumer Products Corp.      
9.750%, 11/15/2015   25,000 26,188
Reynolds American, Inc.      
7.250%, 06/01/2013   295,000 321,871
Rite Aid Corp.      
10.375%, 07/15/2016   50,000 51,125
Smithfield Foods, Inc.      
10.000%, 07/15/2014   65,000 73,775
Smithfield Foods, Inc., Series B      
7.750%, 05/15/2013   19,000 19,618
The Kroger Company      
4.950%, 01/15/2015   700,000 772,615
6.750%, 04/15/2012   671,000 691,776
Tyson Foods, Inc.      
10.500%, 03/01/2014   15,000 17,325
Wal-Mart Stores, Inc.      
5.625%, 04/15/2041   1,000,000 1,235,519

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
WM Wrigley Jr. Company      
3.700%, 06/30/2014 (S) $ 1,175,000 $ 1,215,123
Yankee Candle Company, Inc., Series B      
9.750%, 02/15/2017   5,000 4,613
 
      14,922,199
Energy - 3.97%      
Alpha Natural Resources, Inc.      
6.000%, 06/01/2019   16,000 14,920
6.250%, 06/01/2021   11,000 10,271
Anadarko Petroleum Corp.      
6.375%, 09/15/2017   30,000 33,680
6.450%, 09/15/2036   640,000 678,531
Antero Resources Finance Corp.      
9.375%, 12/01/2017   20,000 20,800
Aquilex Holdings LLC/Aquilex      
Finance Corp.      
11.125%, 12/15/2016   10,000 4,400
Berry Petroleum Company      
10.250%, 06/01/2014   10,000 11,200
BP Capital Markets PLC      
3.125%, 10/01/2015   1,350,000 1,395,710
4.742%, 03/11/2021   360,000 395,682
4.750%, 03/10/2019   115,000 127,191
Burlington Resources Finance Company      
7.400%, 12/01/2031   541,000 760,757
Chesapeake Energy Corp.      
6.875%, 11/15/2020   60,000 62,700
ConocoPhillips      
4.600%, 01/15/2015   635,000 695,945
5.900%, 05/15/2038   400,000 493,371
Consol Energy Inc.      
8.000%, 04/01/2017   25,000 26,125
8.250%, 04/01/2020   25,000 26,313
El Paso Corp.      
7.000%, 06/15/2017   235,000 263,477
El Paso Natural Gas Company      
5.950%, 04/15/2017   85,000 95,688
Energy Transfer Equity LP      
7.500%, 10/15/2020   70,000 71,925
Harvest Operations Corp.      
6.875%, 10/01/2017 (S)   50,000 50,000
Kinder Morgan Energy Partners LP      
6.500%, 09/01/2039   300,000 323,082
6.850%, 02/15/2020   1,045,000 1,235,335
Kinder Morgan Finance Company LLC      
6.000%, 01/15/2018 (S)   51,000 50,490
Motiva Enterprises LLC      
5.200%, 09/15/2012 (S)   952,000 979,925
Newfield Exploration Company      
5.750%, 01/30/2022   45,000 44,494
6.625%, 04/15/2016   25,000 25,250
7.125%, 05/15/2018   40,000 41,400
Nexen, Inc.      
6.200%, 07/30/2019   515,000 588,209
7.500%, 07/30/2039   125,000 146,735
NGPL PipeCo LLC      
6.514%, 12/15/2012 (S)   1,850,000 1,925,655
Peabody Energy Corp.      
6.500%, 09/15/2020   116,000 121,945
7.375%, 11/01/2016   60,000 65,925
Petrobras International Finance Company      
5.375%, 01/27/2021   1,400,000 1,415,400
Pioneer Natural Resources Company      
6.650%, 03/15/2017   115,000 123,191

 

254

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Pioneer Natural Resources Company (continued)    
6.875%, 05/01/2018 $ 35,000 $ 37,607
Plains All American Pipeline LP/PAA      
Finance Corp.      
5.750%, 01/15/2020   435,000 475,058
Pride International, Inc.      
6.875%, 08/15/2020   20,000 23,107
Range Resources Corp.      
5.750%, 06/01/2021   40,000 41,500
6.750%, 08/01/2020   25,000 26,625
7.500%, 10/01/2017   50,000 53,000
Ras Laffan Liquefied Natural Gas      
Company, Ltd. III      
5.500%, 09/30/2014 (S)   395,000 427,587
Transocean, Inc.      
4.950%, 11/15/2015   800,000 842,995
Valero Energy Corp.      
8.750%, 06/15/2030   403,000 519,365
 
      14,772,566
Financials - 21.47%      
ACE INA Holdings, Inc.      
5.700%, 02/15/2017   160,000 179,196
AIG Retirement Services, Inc.      
8.125%, 04/28/2023   865,000 977,301
Allied World Assurance Company, Ltd.      
7.500%, 08/01/2016   205,000 232,963
AMB Property LP      
6.125%, 12/01/2016   505,000 521,632
7.500%, 06/30/2018   364,000 394,865
American Express Centurion Bank      
6.000%, 09/13/2017   1,200,000 1,347,751
American Express Credit Corp.      
5.125%, 08/25/2014   750,000 812,113
American International Group, Inc.      
4.875%, 09/15/2016   600,000 575,591
5.450%, 05/18/2017   370,000 354,555
AXA Equitable Life Insurance Company      
7.700%, 12/01/2015 (S)   680,000 760,677
AXA Financial, Inc.      
7.000%, 04/01/2028   865,000 951,701
Bank of America Corp.      
5.420%, 03/15/2017   1,700,000 1,477,903
5.625%, 07/01/2020   1,500,000 1,383,356
5.750%, 12/01/2017   600,000 563,143
Barclays Bank PLC      
6.050%, 12/04/2017 (S)   850,000 780,790
Brandywine Operating Partnership LP      
4.950%, 04/15/2018   400,000 386,828
5.700%, 05/01/2017   825,000 836,617
Capital One Financial Corp.      
6.150%, 09/01/2016   950,000 1,006,989
7.375%, 05/23/2014   135,000 150,852
CIT Group, Inc.      
7.000%, 05/01/2014 to 05/01/2017   6,221 6,282
7.000%, 05/04/2015 to 05/02/2017 (S)   66,000 64,200
Citigroup, Inc.      
4.875%, 05/07/2015   614,000 613,813
5.000%, 09/15/2014   360,000 353,226
5.500%, 08/27/2012   1,145,000 1,174,949
6.125%, 11/21/2017 to 05/15/2018   1,210,000 1,298,330
6.500%, 08/19/2013   205,000 215,743
6.875%, 03/05/2038   550,000 598,512
Credit Acceptance Corp.      
9.125%, 02/01/2017   25,000 24,625

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Credit Agricole SA/London      
3.500%, 04/13/2015 (S) $ 1,220,000 $ 1,145,308
Credit Suisse AG      
5.400%, 01/14/2020   950,000 913,811
Discover Financial Services      
6.450%, 06/12/2017   885,000 921,854
DuPont Fabros Technology LP      
8.500%, 12/15/2017   75,000 77,625
Equity One, Inc.      
6.000%, 09/15/2017   700,000 711,033
ERAC USA Finance LLC      
5.250%, 10/01/2020 (S)   1,200,000 1,316,212
ERP Operating LP      
5.250%, 09/15/2014   675,000 728,125
Everest Reinsurance Holdings, Inc.,      
(6.600% to 05/15/2017, then 3 month      
LIBOR + 2.385%)      
05/15/2037   1,475,000 1,277,719
Farmers Exchange Capital      
7.050%, 07/15/2028 (S)   525,000 563,602
Fifth Third Bancorp      
3.625%, 01/25/2016   610,000 620,502
Ford Motor Credit Company LLC      
7.000%, 10/01/2013   84,000 88,220
8.125%, 01/15/2020   100,000 113,578
General Electric Capital Corp.      
2.800%, 01/08/2013   1,750,000 1,780,256
3.750%, 11/14/2014   1,000,000 1,044,404
5.300%, 02/11/2021   755,000 784,333
5.625%, 05/01/2018   500,000 547,169
Harley-Davidson Funding Corp.      
5.750%, 12/15/2014 (S)   400,000 436,414
Hartford Financial Services Group, Inc.,      
(8.125% to 06/15/2018, then 3 month      
LIBOR + 4.6025%)      
06/15/2038   95,000 89,300
HCP, Inc.      
5.650%, 12/15/2013   450,000 472,692
7.072%, 06/08/2015   433,000 475,944
Health Care REIT, Inc.      
5.250%, 01/15/2022   781,000 741,699
Host Hotels & Resorts LP      
6.000%, 11/01/2020   205,000 199,363
6.375%, 03/15/2015   20,000 19,900
6.875%, 11/01/2014   15,000 14,813
HSBC USA, Inc.      
9.500%, 04/15/2014   865,000 980,916
International Lease Finance Corp.      
5.650%, 06/01/2014   110,000 102,025
6.250%, 05/15/2019   50,000 43,508
6.375%, 03/25/2013   106,000 103,085
8.625%, 09/15/2015   25,000 24,813
Jackson National Life Insurance Company      
8.150%, 03/15/2027 (S)   648,000 766,521
JPMorgan Chase & Company      
3.450%, 03/01/2016   500,000 502,368
3.700%, 01/20/2015   425,000 435,682
4.250%, 10/15/2020   510,000 511,932
6.000%, 01/15/2018   1,120,000 1,248,520
Kemper Corp.      
6.000%, 05/15/2017   269,000 277,585
Kimco Realty Corp.      
5.584%, 11/23/2015   410,000 438,351
6.875%, 10/01/2019   560,000 639,983

 

255

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Lazard Group LLC      
6.850%, 06/15/2017 $ 1,290,000 $ 1,421,429
LBG Capital No.1 PLC      
7.875%, 11/01/2020 (S)   200,000 145,000
Liberty Mutual Group, Inc.      
5.000%, 06/01/2021 (S)   410,000 390,076
Liberty Mutual Insurance Company      
7.697%, 10/15/2097 (S)   1,000,000 947,092
Liberty Property LP      
6.625%, 10/01/2017   210,000 230,223
Lloyds TSB Bank PLC      
4.375%, 01/12/2015 (S)   350,000 342,598
Massachusetts Mutual Life Insurance      
Company      
8.875%, 06/01/2039 (S)   550,000 830,119
Merrill Lynch & Company, Inc.      
5.700%, 05/02/2017   550,000 490,923
6.220%, 09/15/2026   370,000 313,460
6.400%, 08/28/2017   1,800,000 1,746,445
7.750%, 05/14/2038   300,000 279,285
Metropolitan Life Global Funding I      
3.125%, 01/11/2016 (S)   2,050,000 2,114,686
5.125%, 04/10/2013 (S)   535,000 561,595
Morgan Stanley      
4.200%, 11/20/2014   650,000 635,976
5.550%, 04/27/2017   285,000 274,662
6.000%, 04/28/2015   150,000 149,362
6.250%, 08/28/2017   1,320,000 1,304,383
6.625%, 04/01/2018   1,225,000 1,216,476
Nationwide Mutual Insurance Company      
8.250%, 12/01/2031 (S)   615,000 670,439
9.375%, 08/15/2039 (S)   250,000 291,815
NBD Bancorp NA      
8.250%, 11/01/2024   1,730,000 2,210,248
Nomura Holdings, Inc.      
5.000%, 03/04/2015   485,000 508,474
Nordea Bank AB      
4.875%, 05/13/2021 (S)   1,240,000 1,061,062
PNC Funding Corp.      
5.625%, 02/01/2017   1,100,000 1,195,128
Principal Life Global Funding I      
6.125%, 10/15/2033 (S)   697,000 777,814
Provident Funding Associates LP/PFG      
Finance Corp.      
10.250%, 04/15/2017 (S)   80,000 78,000
Realty Income Corp.      
6.750%, 08/15/2019   660,000 768,812
Reinsurance Group of America, Inc.      
6.750%, 12/15/2011   865,000 873,288
SLM Corp.      
6.250%, 01/25/2016   1,161,000 1,140,196
8.000%, 03/25/2020   10,000 9,872
8.450%, 06/15/2018   40,000 41,647
Sovereign Bank      
8.750%, 05/30/2018   250,000 291,493
Springleaf Finance Corp.      
5.375%, 10/01/2012   346,000 318,320
Sun Canada Financial Company      
7.250%, 12/15/2015 (S)   1,471,000 1,690,235
SunTrust Banks, Inc.      
3.600%, 04/15/2016   705,000 715,215
The Bear Stearns Companies LLC      
6.400%, 10/02/2017   85,000 96,582
The Goldman Sachs Group, Inc.      
3.625%, 02/07/2016   1,755,000 1,709,642

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
The Goldman Sachs Group, Inc. (continued)      
5.250%, 07/27/2021 $ 305,000 $ 301,320
5.375%, 03/15/2020   180,000 178,981
6.750%, 10/01/2037   2,030,000 1,860,808
7.500%, 02/15/2019   225,000 251,355
The Royal Bank of Scotland PLC      
4.875%, 08/25/2014 (S)   700,000 705,081
UDR, Inc.      
6.050%, 06/01/2013   500,000 525,239
UnumProvident Finance Company PLC      
6.850%, 11/15/2015 (S)   390,000 437,493
US Bancorp      
7.500%, 06/01/2026   1,624,000 2,269,829
Ventas Realty LP/Ventas Capital Corp.      
4.750%, 06/01/2021   575,000 553,015
Virgin Media Secured Finance PLC      
6.500%, 01/15/2018   140,000 148,750
W.R. Berkley Corp.      
5.600%, 05/15/2015   377,000 381,106
Wachovia Bank NA      
6.919%, 12/15/2036   500,000 625,483
WCI Finance LLC/WEA Finance LLC      
5.400%, 10/01/2012 (S)   800,000 824,747
Wells Fargo & Company      
3.676%, 06/15/2016   900,000 937,168
4.950%, 10/16/2013   2,410,000 2,547,401
Wells Fargo & Company, Series K (7.980%      
to 03/15/2018, then 3 month      
LIBOR + 3.770%)      
03/15/2018 (Q)   70,000 72,100
Weyerhaeuser Company      
7.950%, 03/15/2025   260,000 299,556
 
      79,965,172
Health Care - 2.54%      
Alere, Inc.      
9.000%, 05/15/2016   35,000 33,425
AmerisourceBergen Corp.      
5.875%, 09/15/2015   1,260,000 1,437,443
Amgen, Inc.      
6.400%, 02/01/2039   545,000 719,152
Bio-Rad Laboratories, Inc.      
8.000%, 09/15/2016   15,000 16,200
Biomet, Inc.      
10.000%, 10/15/2017   10,000 10,300
BioScrip, Inc.      
10.250%, 10/01/2015   15,000 15,000
Community Health Systems, Inc.      
8.875%, 07/15/2015   35,000 34,388
Elan Finance PLC / Elan Finance Corp.      
8.875%, 12/01/2013   75,000 77,250
Express Scripts, Inc.      
3.125%, 05/15/2016   495,000 500,126
6.250%, 06/15/2014   525,000 578,105
Fresenius Medical Care US Finance, Inc.      
6.500%, 09/15/2018 (S)   10,000 10,150
Fresenius US Finance II, Inc.      
9.000%, 07/15/2015 (S)   45,000 49,725
HCA, Inc.      
6.375%, 01/15/2015   15,000 14,588
6.500%, 02/15/2020   15,000 14,663
8.500%, 04/15/2019   125,000 132,500
McKesson Corp.      
7.500%, 02/15/2019   65,000 84,487

 

256

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Health Care (continued)      
Medco Health Solutions, Inc.      
7.125%, 03/15/2018 $ 415,000 $ 503,538
Merck & Company, Inc.      
3.875%, 01/15/2021   785,000 854,911
4.000%, 06/30/2015   725,000 797,736
Pfizer, Inc.      
6.200%, 03/15/2019   1,030,000 1,292,245
Roche Holdings, Inc.      
6.000%, 03/01/2019 (S)   1,025,000 1,253,793
Tenet Healthcare Corp.      
8.875%, 07/01/2019   150,000 158,625
Thermo Fisher Scientific, Inc.      
3.200%, 05/01/2015   255,000 269,264
WellPoint, Inc.      
7.000%, 02/15/2019   485,000 599,293
 
      9,456,907
Industrials - 1.29%      
ACCO Brands Corp.      
7.625%, 08/15/2015   30,000 29,025
10.625%, 03/15/2015   10,000 10,750
BE Aerospace, Inc.      
6.875%, 10/01/2020   50,000 52,125
Bombardier, Inc.      
7.500%, 03/15/2018 (S)   15,000 15,825
7.750%, 03/15/2020 (S)   75,000 79,875
Case New Holland, Inc.      
7.750%, 09/01/2013   35,000 36,488
7.875%, 12/01/2017   75,000 79,875
Clean Harbors, Inc.      
7.625%, 08/15/2016   9,000 9,383
CNH America LLC      
7.250%, 01/15/2016   30,000 31,050
Continental Airlines 1997-4 Class A Pass      
Through Trust      
6.900%, 01/02/2018   222,772 227,227
Continental Airlines 1998-1 Class A Pass      
Through Trust      
6.648%, 09/15/2017   375,945 375,945
Continental Airlines 2005-ERJ1 Pass      
Through Trust      
9.798%, 04/01/2021   22,635 22,522
Continental Airlines 2007-1 Class A Pass      
Through Trust      
5.983%, 04/19/2022   14,205 14,276
Continental Airlines 2007-1 Class B Pass      
Through Trust      
6.903%, 04/19/2022   4,865 4,525
Deluxe Corp.      
7.375%, 06/01/2015   110,000 108,900
Esterline Technologies Corp.      
7.000%, 08/01/2020   45,000 46,238
General Electric Company      
5.250%, 12/06/2017   625,000 694,969
Huntington Ingalls Industries, Inc.      
6.875%, 03/15/2018 (S)   16,000 14,880
7.125%, 03/15/2021 (S)   26,000 24,115
International Lease Finance Corp.      
5.750%, 05/15/2016   25,000 22,233
6.500%, 09/01/2014 (S)   20,000 20,000
6.625%, 11/15/2013   25,000 24,250
6.750%, 09/01/2016 (S)   25,000 25,063
7.125%, 09/01/2018 (S)   850,000 853,188

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Marquette Transportation      
Company/Marquette Transportation      
Finance Corp.      
10.875%, 01/15/2017 $ 30,000 $ 28,913
Masco Corp.      
6.500%, 08/15/2032   110,000 97,613
Meritor, Inc.      
8.125%, 09/15/2015   25,000 22,125
10.625%, 03/15/2018   30,000 28,875
Navios Maritime Holdings, Inc./Navios      
Maritime Finance US, Inc.      
8.875%, 11/01/2017   75,000 73,125
Navistar International Corp.      
8.250%, 11/01/2021   45,000 46,181
Owens Corning      
9.000%, 06/15/2019   15,000 17,730
Southwest Airlines Company 2007-1 Pass      
Through Trust      
6.150%, 08/01/2022   642,856 681,427
SPX Corp.      
7.625%, 12/15/2014   30,000 32,100
Textron, Inc.      
7.250%, 10/01/2019   380,000 426,201
U.S. Airways 2010-1 Class A Pass      
Through Trust      
6.250%, 04/22/2023   75,000 67,500
United Rentals North America, Inc.      
10.875%, 06/15/2016   15,000 16,200
Waste Management, Inc.      
6.375%, 03/11/2015   375,000 430,546
 
      4,791,263
Information Technology - 0.89%      
Audatex North America, Inc.      
6.750%, 06/15/2018 (S)   50,000 49,625
Avnet, Inc.      
6.625%, 09/15/2016   500,000 556,373
eAccess, Ltd.      
8.250%, 04/01/2018 (S)   25,000 22,875
EH Holding Corp.      
6.500%, 06/15/2019 (S)   45,000 43,313
Equinix, Inc.      
8.125%, 03/01/2018   45,000 47,363
Freescale Semiconductor, Inc.      
8.875%, 12/15/2014   20,000 20,300
Hewlett-Packard Company      
3.000%, 09/15/2016   1,750,000 1,765,804
International Business Machines Corp.      
1.950%, 07/22/2016   645,000 651,113
Jabil Circuit, Inc.      
5.625%, 12/15/2020   35,000 34,125
Mantech International Corp.      
7.250%, 04/15/2018   55,000 54,450
Seagate HDD Cayman      
6.875%, 05/01/2020   85,000 78,200
Seagate Technology HDD Holdings      
6.800%, 10/01/2016   10,000 9,950
 
      3,333,491
Materials - 1.18%      
Agrium, Inc.      
7.125%, 05/23/2036   750,000 996,059
ArcelorMittal      
5.375%, 06/01/2013   425,000 433,714
5.500%, 03/01/2021   300,000 269,177

 

257

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials (continued)      
ArcelorMittal (continued)      
6.125%, 06/01/2018 $ 350,000 $ 338,224
Ashland, Inc.      
9.125%, 06/01/2017   25,000 27,656
Ball Corp.      
5.750%, 05/15/2021   82,000 79,745
6.750%, 09/15/2020   80,000 82,800
Celanese US Holdings LLC      
6.625%, 10/15/2018   30,000 31,013
CF Industries, Inc.      
6.875%, 05/01/2018   45,000 50,231
7.125%, 05/01/2020   45,000 51,244
Clearwater Paper Corp.      
7.125%, 11/01/2018   40,000 39,700
Corp Nacional del Cobre de Chile      
6.375%, 11/30/2012 (S)   335,000 352,802
Fibria Overseas Finance, Ltd.      
7.500%, 05/04/2020 (S)   125,000 117,500
Georgia-Pacific LLC      
5.400%, 11/01/2020 (S)   45,000 45,841
7.125%, 01/15/2017 (S)   40,000 41,944
Lyondell Chemical Company      
8.000%, 11/01/2017 (S)   100,000 107,750
Nalco Company      
6.625%, 01/15/2019 (S)   65,000 71,175
Neenah Paper, Inc.      
7.375%, 11/15/2014   21,000 20,580
Owens-Brockway Glass Container, Inc.      
7.375%, 05/15/2016   75,000 78,000
Rock-Tenn Company      
9.250%, 03/15/2016   35,000 37,275
Solutia, Inc.      
8.750%, 11/01/2017   5,000 5,325
The Dow Chemical Company      
5.900%, 02/15/2015   800,000 883,515
Vale Canada, Ltd.      
5.700%, 10/15/2015   217,000 240,078
 
      4,401,348
Telecommunication Services - 2.57%      
Ameritech Capital Funding Corp.      
6.450%, 01/15/2018   952,000 1,126,114
COX Communications, Inc.      
5.875%, 12/01/2016 (S)   850,000 964,453
7.125%, 10/01/2012   532,000 563,542
Cricket Communications, Inc.      
7.750%, 05/15/2016   50,000 50,188
Frontier Communications Corp.      
7.125%, 03/15/2019   140,000 133,350
8.250%, 04/15/2017   115,000 111,550
8.500%, 04/15/2020   5,000 4,850
GTE Corp.      
8.750%, 11/01/2021   865,000 1,210,848
Intelsat Jackson Holdings SA      
8.500%, 11/01/2019   25,000 24,438
New Cingular Wireless Services, Inc.      
8.125%, 05/01/2012   364,000 378,690
Qwest Communications International, Inc.      
8.000%, 10/01/2015   40,000 41,600
Qwest Corp.      
7.500%, 10/01/2014   55,000 59,400
8.375%, 05/01/2016   390,000 428,025
SBA Telecommunications, Inc.      
8.000%, 08/15/2016   5,000 5,238
8.250%, 08/15/2019   40,000 42,000

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
Sorenson Communications, Inc.      
10.500%, 02/01/2015 (S) $ 5,000 $ 2,900
Sprint Capital Corp.      
6.900%, 05/01/2019   35,000 30,100
Sprint Nextel Corp.      
6.000%, 12/01/2016   28,000 24,080
Telecom Italia Capital SA      
5.250%, 11/15/2013   650,000 635,434
6.000%, 09/30/2034   347,000 284,451
Telefonica Emisiones SAU      
7.045%, 06/20/2036   575,000 575,785
Verizon Communications, Inc.      
5.550%, 02/15/2016   1,120,000 1,278,535
6.900%, 04/15/2038   50,000 64,650
Verizon Wireless Capital LLC      
5.550%, 02/01/2014   1,295,000 1,417,283
Windstream Corp.      
7.875%, 11/01/2017   65,000 65,813
8.125%, 09/01/2018   60,000 60,450
 
      9,583,767
Utilities - 3.93%      
Atmos Energy Corp.      
6.350%, 06/15/2017   195,000 232,519
Carolina Power & Light Company      
6.500%, 07/15/2012   1,254,000 1,309,311
CenterPoint Energy Resources Corp.      
6.125%, 11/01/2017   400,000 466,904
CenterPoint Energy Resources Corp.,      
Series B      
5.950%, 01/15/2014   700,000 760,393
CenterPoint Energy, Inc.      
6.500%, 05/01/2018   165,000 194,267
Commonwealth Edison Company      
5.950%, 08/15/2016   400,000 463,122
6.150%, 03/15/2012   273,000 279,319
Dolphin Subsidiary II, Inc.      
7.250%, 10/15/2021 (S)   25,000 25,063
Dominion Resources, Inc.      
6.400%, 06/15/2018   870,000 1,047,624
7.000%, 06/15/2038   425,000 566,252
Duke Energy Corp.      
5.650%, 06/15/2013   1,300,000 1,387,679
Edison International      
3.750%, 09/15/2017   495,000 502,033
Ferrellgas LP/Ferrellgas Finance Corp.      
6.500%, 05/01/2021   55,000 46,750
Georgia Power Company      
5.250%, 12/15/2015   250,000 284,330
Intergen NV      
9.000%, 06/30/2017 (S)   85,000 86,488
Ipalco Enterprises, Inc.      
7.250%, 04/01/2016 (S)   15,000 15,413
Nevada Power Company      
6.500%, 08/01/2018   450,000 543,130
NiSource Finance Corp.      
6.400%, 03/15/2018   385,000 448,690
Northern States Power Company      
6.500%, 03/01/2028   433,000 569,587
NRG Energy, Inc.      
7.375%, 01/15/2017   65,000 67,031
Ohio Edison Company      
6.875%, 07/15/2036   450,000 559,242
Oncor Electric Delivery Company LLC      
7.500%, 09/01/2038   395,000 564,274

 

258

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Puget Sound Energy, Inc.      
5.757%, 10/01/2039 $ 440,000 $ 532,973
7.000%, 03/09/2029   346,000 440,837
Sempra Energy      
6.000%, 10/15/2039   500,000 606,743
Sierra Pacific Power Company, Series M      
6.000%, 05/15/2016   425,000 488,732
Southern California Edison Company      
6.000%, 01/15/2034   519,000 669,085
The AES Corp.      
8.000%, 06/01/2020   100,000 100,000
Wisconsin Energy Corp.      
6.200%, 04/01/2033   217,000 271,558
Wisconsin Power and Light Company      
5.000%, 07/15/2019   950,000 1,098,070
 
      14,627,419
TOTAL CORPORATE BONDS (Cost $164,575,579) $ 174,843,820
 
CAPITAL PREFERRED SECURITIES - 0.50%    
Financials - 0.50%      
ACE Capital Trust II , 9.700%, 04/01/2030   752,000 957,799
AGFC Capital Trust I, (6.000% to      
01/15/2017, then 3 month LIBOR      
+1.750%) 01/15/2067 (S)   860,000 387,000
Capital One Capital IV (6.745% to      
02/17/2032, then 1 month      
LIBOR + 1.170%) 02/17/2037   400,000 382,000
NB Capital Trust IV , 8.250%, 04/15/2027   135,000 125,213
 
      1,852,012
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $2,360,674)   $ 1,852,012
 
CONVERTIBLE BONDS - 0.02%      
Health Care - 0.01%      
Amylin Pharmaceuticals, Inc.      
3.000%, 06/15/2014   25,000 22,250
Telecommunication Services - 0.01%      
Leap Wireless International, Inc.      
4.500%, 07/15/2014   50,000 44,313
TOTAL CONVERTIBLE BONDS (Cost $62,893) $ 66,563
 
MUNICIPAL BONDS - 5.30%      
California - 1.72%      
Bay Area Toll Authority      
6.263%, 04/01/2049   1,050,000 1,357,073
Irvine Ranch Water District Joint Powers      
Agency 2.605%, 03/15/2014   900,000 937,944
Los Angeles Unified School District      
5.750%, 07/01/2034   1,000,000 1,132,820
State of California      
7.300%, 10/01/2039   925,000 1,114,505
7.550%, 04/01/2039   800,000 989,992
7.600%, 11/01/2040   75,000 93,733
University of California      
5.770%, 05/15/2043   660,000 764,768
 
      6,390,835
Florida - 0.24%      
Miami Beach Florida Redevelopment      
Agency 8.950%, 12/01/2022   865,000 877,681

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
Illinois - 1.18%      
City of Chicago Illinois      
6.845%, 01/01/2038 $ 990,000 $ 1,115,740
Illinois State Toll Highway Authority      
6.184%, 01/01/2034   945,000 1,106,793
State of Illinois      
5.665%, 03/01/2018   1,305,000 1,390,464
5.877%, 03/01/2019   750,000 801,818
 
      4,414,815
Louisiana - 0.41%      
Louisiana Local Government      
Environmental Facilities & Communities      
Development Authority      
2.470%, 02/01/2019   1,475,000 1,522,908
Maryland - 0.10%      
Maryland State Transportation Authority      
5.888%, 07/01/2043   290,000 359,365
Massachusetts - 0.30%      
Massachusetts School Building Authority      
5.715%, 08/15/2039   900,000 1,117,530
Missouri - 0.32%      
University of Missouri 5.960%, 11/01/2039   940,000 1,187,568
New Jersey - 0.36%      
Jersey City Municipal Utilities Authority      
4.550%, 05/15/2012   130,000 131,216
New Jersey State Turnpike Authority      
7.414%, 01/01/2040   865,000 1,229,961
 
      1,361,177
New York - 0.25%      
Port Authority of New York & New Jersey      
6.040%, 12/01/2029   400,000 487,112
Sales Tax Asset Receivable Corp., Series B      
4.250%, 10/15/2011   435,000 435,705
 
      922,817
Texas - 0.42%      
North Texas Tollway Authority      
6.718%, 01/01/2049   1,230,000 1,570,254
TOTAL MUNICIPAL BONDS (Cost $17,136,982) $ 19,724,950
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 3.25%      
Commercial & Residential - 3.23%      
American Tower Trust, Series 2007-1A,      
Class AFX 5.420%, 04/15/2037 (S)   880,000 940,073
Bear Stearns Commercial Mortgage      
Securities, Series 2006-PW 14, Class A4      
5.201%, 12/11/2038   1,210,000 1,308,888
Commercial Mortgage Pass Through      
Certificates, Series 2010-C1, Class A3      
4.205%, 07/10/2046 (S)   715,000 724,238
General Electric Capital Assurance      
Company, Series 2003-1, Class A5      
5.743%, 05/12/2035 (P)(S)   570,725 643,636
GS Mortgage Securities Corp. II,      
Series 2006-GG6, Class A4      
5.553%, 04/10/2038 (P)   2,500,000 2,655,250
JPMorgan Chase Commercial Mortgage      
Securities Corp., Series 2006-CB14,      
Class A4 5.481%, 12/12/2044 (P)   1,500,000 1,619,595
Merrill Lynch Mortgage Trust,      
Series 2006-C1, Class A4      
5.855%, 05/12/2039 (P)   2,000,000 2,209,652

 

259

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)      
OBP Depositor LLC Trust,      
Series 2010-OBP, Class A      
4.646%, 07/15/2045 (S) $ 746,000 $ 793,240
WF-RBS Commercial Mortgage Trust,      
Series 2011-C2, Series A4      
4.869%, 02/15/2044 (P)(S)   1,085,000 1,140,664
U.S. Government Agency - 0.02%      
Government National Mortgage      
Association, Series 2006-38, Class XS      
IO 7.021%, 09/16/2035   288,149 60,010
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $11,292,729)     $ 12,095,246
 
ASSET BACKED SECURITIES - 2.36%      
Avis Budget Rental Car Funding      
AESOP LLC, Series 2009-2A, Class A      
5.680%, 02/20/2014 (S)   1,260,000 1,318,074
Bank of America Auto Trust,      
Series 2010-2, Class A4      
1.940%, 06/15/2017   800,000 817,069
Chase Issuance Trust, Series 2008-A4,      
Class A4 4.650%, 03/15/2015   845,000 894,053
Dominos Pizza Master Issuer LLC,      
Series 2007-1, Class A2      
5.261%, 04/25/2037 (S)   900,000 909,000
Ford Credit Auto Owner Trust,      
Series 2009-E, Class A3      
1.510%, 01/15/2014   440,133 441,977
Hertz Vehicle Financing LLC      
Series 2010-1A, Class A2,      
3.740%, 02/25/2017 (S)   1,095,000 1,130,743
Series 2009-2A, Class A1,      
4.260%, 03/25/2014 (S)   285,000 295,450
LCM LP, Series 8A, Class A      
1.849%, 01/14/2021 (P)(S)   1,100,000 1,073,904
Massachusetts RRB Special Purpose Trust,      
Series 2001-1, Class A      
6.530%, 06/01/2015   172,988 182,071
Santander Drive Auto Receivables Trust      
Series 2010-2, Class A3,      
1.240%, 02/17/2014   785,000 786,217
Series 2011-1, Class B,      
2.350%, 11/16/2015   945,000 942,803
TOTAL ASSET BACKED SECURITIES (Cost $8,681,313) $ 8,791,361

 

Investment Quality Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS - 28.04%    
Repurchase Agreement - 28.04%      
Deutsche Tri-Party Repurchase Agreement      
dated 9/30/2011 at 0.050% to be      
repurchased at $104,400,435 on      
10/03/2011, collateralized by      
$106,116,886 Government National      
Mortgage Association, 4.500% due      
04/15/2041 (valued at $55,215,141,      
including interest) and 5.000% due      
09/20/2039 (valued at $51,272,859,      
including interest) $ 104,400,000 $ 104,400,000
TOTAL SHORT-TERM INVESTMENTS (Cost $104,400,000) $ 104,400,000
Total Investments (Investment Quality Bond Trust)  
(Cost $464,066,954) - 130.71%     $ 486,733,150
Other assets and liabilities, net - (30.71%)   (114,345,860)
TOTAL NET ASSETS - 100.00%     $ 372,387,290
 
 
 
Large Cap Trust      
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 97.75%      
Consumer Discretionary - 13.06%      
Automobiles - 1.34%      
General Motors Company (I)   92,500 $ 1,866,650
Diversified Consumer Services - 0.76%      
Apollo Group, Inc., Class A (I)   26,700 1,057,587
Hotels, Restaurants & Leisure - 2.50%      
Carnival Corp. (L)   67,001 2,030,130
International Game Technology   100,100 1,454,453
 
      3,484,583
Internet & Catalog Retail - 1.53%      
Amazon.com, Inc. (I)   9,900 2,140,677
Media - 5.06%      
Comcast Corp., Class A   124,700 2,606,230
Time Warner, Inc. (L)   92,100 2,760,237
Viacom, Inc., Class B   43,700 1,692,938
 
      7,059,405
Specialty Retail - 1.04%      
GameStop Corp., Class A (I)(L)   63,100 1,457,610
Textiles, Apparel & Luxury Goods - 0.83%    
Coach, Inc.   22,500 1,166,175
 
      18,232,687
Consumer Staples - 8.63%      
Beverages - 2.44%      
PepsiCo, Inc.   54,900 3,398,310
Food & Staples Retailing - 1.58%      
The Kroger Company   100,300 2,202,588
Food Products - 2.48%      
Kraft Foods, Inc., Class A   103,000 3,458,740
Household Products - 2.13%      
Colgate-Palmolive Company   33,600 2,979,648
 
      12,039,286

 

260

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Large Cap Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy - 10.72%    
Energy Equipment & Services - 4.08%    
Baker Hughes, Inc. 20,800 $ 960,128
Ensco International PLC, ADR 42,500 1,718,275
McDermott International, Inc. (I) 104,100 1,120,116
Noble Corp. (I)(L) 64,500 1,893,075
 
    5,691,594
Oil, Gas & Consumable Fuels - 6.64%    
EOG Resources, Inc. 24,000 1,704,240
Exxon Mobil Corp. 38,500 2,796,255
Hess Corp. 37,200 1,951,512
Peabody Energy Corp. (L) 39,700 1,345,036
Ultra Petroleum Corp. (I)(L) 53,000 1,469,160
 
    9,266,203
    14,957,797
Financials - 13.95%    
Capital Markets - 2.73%    
Morgan Stanley 133,100 1,796,850
The Goldman Sachs Group, Inc. 21,300 2,013,915
 
    3,810,765
Commercial Banks - 3.63%    
U.S. Bancorp 88,100 2,073,874
Wells Fargo & Company 124,122 2,993,823
 
    5,067,697
Diversified Financial Services - 4.27%    
Citigroup, Inc. 118,550 3,037,251
JPMorgan Chase & Company 96,900 2,918,628
 
    5,955,879
Insurance - 2.30%    
Aflac, Inc. 41,900 1,464,405
MetLife, Inc. 62,100 1,739,421
 
    3,203,826
Real Estate Investment Trusts - 1.02%    
Annaly Capital Management, Inc. (L) 86,000 1,430,180
 
    19,468,347
Health Care - 16.92%    
Biotechnology - 4.39%    
Acorda Therapeutics, Inc. (I) 36,400 726,544
Alexion Pharmaceuticals, Inc. (I) 28,700 1,838,522
Amgen, Inc. 24,700 1,357,265
Amylin Pharmaceuticals, Inc. (I)(L) 55,300 510,419
Pharmasset, Inc. (I) 20,500 1,688,585
 
    6,121,335
Health Care Equipment & Supplies - 2.50%    
Baxter International, Inc. 28,800 1,616,832
Medtronic, Inc. 56,266 1,870,282
 
    3,487,114
Health Care Providers & Services - 2.76%    
HCA Holdings, Inc. (I) 63,200 1,274,112
UnitedHealth Group, Inc. 55,900 2,578,108
 
    3,852,220
Life Sciences Tools & Services - 0.53%    
Bio-Rad Laboratories, Inc., Class A (I) 8,200 744,314
Pharmaceuticals - 6.74%    
Allergan, Inc. 23,774 1,958,502
Johnson & Johnson 62,500 3,981,875
Merck & Company, Inc. 81,000 2,649,510

 

Large Cap Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Teva Pharmaceutical Industries, Ltd., ADR 22,000 $ 818,840
 
    9,408,727
 
    23,613,710
Industrials - 10.76%    
Aerospace & Defense - 5.26%    
General Dynamics Corp. 50,900 2,895,701
Textron, Inc. 108,500 1,913,940
The Boeing Company (L) 41,700 2,523,267
 
    7,332,908
Air Freight & Logistics - 1.15%    
FedEx Corp. 23,717 1,605,167
Airlines - 1.22%    
Southwest Airlines Company (L) 211,500 1,700,460
Machinery - 1.90%    
Illinois Tool Works, Inc. 63,752 2,652,083
Road & Rail - 1.23%    
Hertz Global Holdings, Inc. (I)(L) 193,500 1,722,150
 
    15,012,768
Information Technology - 16.65%    
Communications Equipment - 3.51%    
Cisco Systems, Inc. 154,300 2,390,107
QUALCOMM, Inc. 51,500 2,504,445
 
    4,894,552
Computers & Peripherals - 5.35%    
Apple, Inc. (I) 15,600 5,946,408
Hewlett-Packard Company 68,100 1,528,845
 
    7,475,253
IT Services - 2.01%    
ServiceSource International, Inc. (I) 54,500 719,945
Visa, Inc., Class A 24,400 2,091,568
 
    2,811,513
Semiconductors & Semiconductor Equipment - 2.11%  
Broadcom Corp., Class A (I) 48,000 1,597,920
Intersil Corp., Class A 130,400 1,341,816
 
    2,939,736
Software - 3.67%    
Adobe Systems, Inc. (I)(L) 112,600 2,721,542
Rovi Corp. (I) 2,731 117,378
Symantec Corp. (I) 139,800 2,278,740
 
    5,117,660
 
    23,238,714
Materials - 3.18%    
Chemicals - 2.11%    
Celanese Corp., Series A 44,800 1,457,344
The Dow Chemical Company 66,600 1,495,836
 
    2,953,180
Construction Materials - 1.07%    
Martin Marietta Materials, Inc. (L) 23,600 1,491,992
 
    4,445,172
Utilities - 3.88%    
Electric Utilities - 3.88%    
American Electric Power Company, Inc. 48,457 1,842,335
FirstEnergy Corp. 37,500 1,684,125

 

261

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Large Cap Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Electric Utilities (continued)      
Nextera Energy, Inc.   35,100 $ 1,896,102
      5,422,562
      5,422,562
TOTAL COMMON STOCKS (Cost $145,238,184) $ 136,431,043
 
INVESTMENT COMPANIES - 0.89%      
Financials - 0.89%      
SPDR S&P 500 ETF Trust   11,000 1,244,870
TOTAL INVESTMENT COMPANIES (Cost $1,257,128) $ 1,244,870
 
SECURITIES LENDING COLLATERAL - 12.86%    
John Hancock Collateral      
Investment Trust, 0.2515% (Y)(W)   1,794,641 17,955,742
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $17,954,795)   $ 17,955,742
 
SHORT-TERM INVESTMENTS - 0.49%    
Repurchase Agreement - 0.49%      
Repurchase Agreement with State Street Corp.    
dated 09/30/2011 at 0.010% to be      
repurchased at $678,001 on 10/03/2011,      
collateralized by $675,000 US Treasury,      
1.500% due 12/31/2013 (valued at      
$695,250, including interest). $ 678,000 $ 678,000
TOTAL SHORT-TERM INVESTMENTS (Cost $678,000) $ 678,000
Total Investments (Large Cap Trust)      
(Cost $165,128,107) - 111.99%   $ 156,309,655
Other assets and liabilities, net - (11.99%)   (16,740,794)
TOTAL NET ASSETS - 100.00%   $ 139,568,861
 
 
 
Lifestyle Aggressive Trust    
    Shares or  
    Principal  
    Amount Value
 
AFFILIATED INVESTMENT COMPANIES - 100.01%  
Equity - 100.01%      
John Hancock Variable Insurance Trust (G) - 100.01%    
500 Index, Series NAV (John Hancock) (A)(2) 1,172,533 $ 11,502,551
All Cap Core, Series NAV (QS Investors)   698,335 10,314,401
All Cap Value, Series NAV (Lord Abbett)   1,865,245 13,131,326
Alpha Opportunities, Series NAV (Wellington) 2,279,616 25,144,160
Blue Chip Growth, Series NAV (T. Rowe Price) 1,457,425 27,151,836
Capital Appreciation, Series NAV (Jennison) 2,429,313 22,544,021
Capital Appreciation Value, Series NAV (T.    
Rowe Price)   602,163 6,394,970
Emerging Markets, Series NAV (DFA)   3,482,465 33,396,836
Equity-Income, Series NAV (T. Rowe Price) 1,851,854 22,574,097
Fundamental Large Cap Value, Series NAV      
(John Hancock) (A)(2)   992,046 8,630,804
Fundamental Value, Series NAV (Davis)   1,755,152 21,641,018
Growth Equity, Series NAV (Rainier)   1,387,074 14,148,151
Heritage, Series NAV (American Century)   277,545 2,767,124
International Core, Series NAV (GMO)   1,769,603 14,953,148
International Growth Stock,      
Series NAV (Invesco)   501,554 5,953,447
International Opportunities,      
Series NAV (Marsico)   996,997 9,820,418

 

Lifestyle Aggressive Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Variable Insurance Trust (G) (continued)  
International Small Company,    
Series NAV (DFA) 839,572 $ 7,287,487
International Value, Series NAV (Franklin) 1,589,792 16,152,291
Large Cap, Series NAV (UBS) 439,113 4,742,424
Mid Cap Index, Series NAV    
(John Hancock) (A)(2) 493,797 7,377,333
Mid Cap Stock, Series NAV (Wellington) 601,790 7,438,126
Mid Cap Value Equity, Series NAV (Columbia) 184,617 1,835,096
Mid Value, Series NAV (T. Rowe Price) 585,554 5,662,307
Mutual Shares, Series NAV (Franklin) 982,983 8,571,613
Natural Resources, Series NAV (Wellington) 1,173,700 10,809,778
Real Estate Securities, Series NAV (Deutsche) 690,657 7,307,150
Small Cap Growth, Series NAV (Wellington) 321,001 2,799,132
Small Cap Index, Series NAV    
(John Hancock) (A)(2) 111,392 1,276,554
Small Cap Opportunities,    
Series NAV (DFA/Invesco) 294,517 4,747,611
Small Cap Value, Series NAV (Wellington) 183,064 2,947,325
Small Company Growth,    
Series NAV (Invesco) (I) 134,209 1,860,133
Small Company Value, Series NAV (T.    
Rowe Price) 230,425 3,308,903
Smaller Company Growth, Series NAV    
(Frontier/John Hancock (A)(2)/Perimeter) 125,014 1,835,206
U.S. Equity, Series NAV (GMO) 1,507,165 17,468,044
Value, Series NAV (Invesco) 196,122 2,804,548
Value & Restructuring, Series NAV (Columbia) 518,057 5,807,419
Total Investments (Lifestyle Aggressive Trust)    
(Cost $397,124,031) - 100.01% $ 372,106,788
Other assets and liabilities, net - (0.01%)   (32,763)
 
TOTAL NET ASSETS - 100.00% $ 372,074,025
 
 
 
Lifestyle Balanced Trust    
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.00%  
Equity - 49.85%    
John Hancock Variable Insurance Trust (G) - 49.85%  
500 Index, Series NAV (John Hancock) (A)(2) 145,425,996 $ 1,426,629,023
All Cap Core, Series NAV (QS Investors) 7,588,544 112,082,793
All Cap Value, Series NAV (Lord Abbett) 19,754,653 139,072,755
Alpha Opportunities, Series NAV (Wellington) 25,387,504 280,024,173
Blue Chip Growth, Series NAV (T. Rowe Price) 13,399,272 249,628,434
Capital Appreciation, Series NAV (Jennison) 21,016,474 195,032,882
Emerging Markets, Series NAV (DFA) 32,549,131 312,146,163
Equity-Income, Series NAV (T. Rowe Price) 25,874,286 315,407,541
Fundamental Large Cap Value, Series NAV    
(John Hancock) (A)(2) 9,766,447 84,968,087
Fundamental Value, Series NAV (Davis) 22,813,985 281,296,438
Growth Equity, Series NAV (Rainier) 13,671,428 139,448,570
Heritage, Series NAV (American Century) 5,503,044 54,865,351
International Core, Series NAV (GMO) 20,875,112 176,394,693
International Growth Stock,    
Series NAV (Invesco) 6,506,221 77,228,846
International Index, Series NAV    
(John Hancock) (A)(2) 38,025,650 546,428,588
International Opportunities,    
Series NAV (Marsico) 10,918,434 107,546,574
International Value, Series NAV (Franklin) 18,388,572 186,827,894

 

262

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Lifestyle Balanced Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Variable Insurance Trust (G) (continued)  
Mid Cap Index, Series NAV    
(John Hancock) (A)(2) 11,126,235 $ 166,225,946
Mid Cap Stock, Series NAV (Wellington) 6,704,092 82,862,572
Mid Cap Value Equity, Series NAV (Columbia) 5,539,948 55,067,078
Mid Value, Series NAV (T. Rowe Price) 8,767,576 84,782,457
Small Cap Growth, Series NAV (Wellington) 4,445,097 38,761,248
Small Cap Index, Series NAV    
(John Hancock) (A)(2) 9,610,585 110,137,308
Small Cap Value, Series NAV (Wellington) 3,111,346 50,092,678
Small Company Growth,    
Series NAV (Invesco) (I) 2,411,080 33,417,573
Small Company Value, Series NAV (T.    
Rowe Price) 4,250,242 61,033,480
Smaller Company Growth, Series NAV    
(Frontier/John Hancock (A)(2)/Perimeter) 2,636,753 38,707,532
U.S. Equity, Series NAV (GMO) 19,874,480 230,345,221
Value & Restructuring, Series NAV (Columbia) 4,656,364 52,197,841
Fixed Income - 50.15%    
John Hancock Variable Insurance Trust (G) - 50.15%  
Bond, Series NAV (John Hancock) (A)(1) 151,498,410 2,098,252,978
Core Bond, Series NAV (Wells Capital) 49,474,639 689,676,466
Global Bond, Series NAV (PIMCO) 17,863,682 237,408,332
New Income, Series NAV (T. Rowe Price) 83,072,103 1,145,564,300
Short Term Government Income, Series NAV    
(John Hancock) (A)(1) 8,898,274 116,834,339
Total Bond Market A,    
Series NAV (Declaration) (A) 24,436,440 356,527,665
Total Return, Series NAV (PIMCO) 78,395,311 1,078,719,480
Total Investments (Lifestyle Balanced Trust)    
(Cost $10,616,477,146) - 100.00% $ 11,411,643,299
Other assets and liabilities, net - 0.00%   (26,230)
TOTAL NET ASSETS - 100.00% $ 11,411,617,069
 
 
 
Lifestyle Balanced PS Series    
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.01%  
Equity - 30.00%    
John Hancock Variable Insurance Trust (G) - 30.00%  
All Cap Core, Series NAV (QS Investors) 19,447 $ 287,236
All Cap Value, Series NAV (Lord Abbett) 52,182 367,359
Alpha Opportunities, Series NAV (Wellington) 64,966 716,577
Blue Chip Growth, Series NAV (T. Rowe Price) 35,867 668,201
Capital Appreciation, Series NAV (Jennison) 56,040 520,047
Emerging Markets, Series NAV (DFA) 91,550 877,960
Equity-Income, Series NAV (T. Rowe Price) 67,217 819,377
Fundamental Large Cap Value, Series NAV    
(John Hancock) (A)(2) 25,717 223,741
Fundamental Value, Series NAV (Davis) 58,117 716,577
Growth Equity, Series NAV (Rainier) 36,460 371,894
Heritage, Series NAV (American Century) 14,677 146,327
International Core, Series NAV (GMO) 51,950 438,980
International Growth Stock,    
Series NAV (Invesco) 17,485 207,545
International Opportunities,    
Series NAV (Marsico) 29,711 292,653
International Value, Series NAV (Franklin) 48,791 495,719
Mid Cap Stock, Series NAV (Wellington) 17,396 215,011
Mid Cap Value Equity, Series NAV (Columbia) 14,721 146,327

 

Lifestyle Balanced PS Series (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Variable Insurance Trust (G) (continued)  
Mid Value, Series NAV (T. Rowe Price) 22,235 $ 215,011
Small Cap Growth, Series NAV (Wellington) 11,644 101,533
Small Cap Value, Series NAV (Wellington) 8,161 131,395
Small Company Growth,    
Series NAV (Invesco) (I) 6,248 86,602
Small Company Value, Series NAV (T.    
Rowe Price) 10,814 155,285
Smaller Company Growth, Series NAV    
(Frontier/John Hancock (A)(2)/Perimeter) 6,916 101,533
U.S. Equity, Series NAV (GMO) 49,566 574,471
Value & Restructuring, Series NAV (Columbia) 7,263 81,416
Fixed Income - 70.00%    
John Hancock Variable Insurance Trust (G) - 70.00%  
John Hancock Trust - Bond    
PS Trust, Series NAV 1,169,248 14,931,294
Strategic Allocation Trust, Series NAV    
(John Hancock) (A)(2) 587,846 5,972,518
Total Investments (Lifestyle Balanced PS Series)    
(Cost $31,113,259) - 100.01% $ 29,862,589
Other assets and liabilities, net - (0.01%)   (2,085)
 
TOTAL NET ASSETS - 100.00% $ 29,860,504
 
 
 
Lifestyle Conservative Trust    
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.00%  
Equity - 19.57%    
John Hancock Variable Insurance Trust (G) - 19.57%  
500 Index, Series NAV (John Hancock) (A)(2) 13,737,048 $ 134,760,441
Blue Chip Growth, Series NAV (T. Rowe Price) 3,365,854 62,705,864
Equity-Income, Series NAV (T. Rowe Price) 5,212,593 63,541,513
Fundamental Value, Series NAV (Davis) 3,263,444 40,238,260
International Core, Series NAV (GMO) 3,582,139 30,269,077
International Index, Series NAV    
(John Hancock) (A)(2) 3,830,591 55,045,589
International Opportunities,    
Series NAV (Marsico) 1,293,408 12,740,068
International Value, Series NAV (Franklin) 3,113,498 31,633,143
Mid Cap Index, Series NAV    
(John Hancock) (A)(2) 1,063,520 15,888,988
Mid Cap Stock, Series NAV (Wellington) 952,897 11,777,810
Mid Value, Series NAV (T. Rowe Price) 1,244,579 12,035,079
Small Cap Growth, Series NAV (Wellington) 1,201,340 10,475,687
Small Cap Index, Series NAV    
(John Hancock) (A)(2) 930,274 10,660,944
Small Cap Value, Series NAV (Wellington) 751,181 12,094,014
U.S. Equity, Series NAV (GMO) 2,936,163 34,030,129
Fixed Income - 80.43%    
John Hancock Variable Insurance Trust (G) - 80.43%  
Bond, Series NAV (John Hancock) (A)(1) 58,552,791 810,956,160
Core Bond, Series NAV (Wells Capital) 19,056,499 265,647,602
Global Bond, Series NAV (PIMCO) 6,926,773 92,056,809
New Income, Series NAV (T. Rowe Price) 32,117,156 442,895,585
Short Term Government Income, Series NAV    
(John Hancock) (A)(1) 3,372,163 44,276,501
Total Bond Market A,    
Series NAV (Declaration) (A) 9,486,283 138,404,870

 

263

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Lifestyle Conservative Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Variable Insurance Trust (G) (continued)  
Total Return, Series NAV (PIMCO) 30,247,893 $ 416,211,005
Total Investments (Lifestyle Conservative Trust)    
(Cost $2,650,163,776) - 100.00% $ 2,748,345,138
Other assets and liabilities, net - 0.00%   (32,929)
TOTAL NET ASSETS - 100.00% $ 2,748,312,209
 
 
 
Lifestyle Conservative PS Series  
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.01%  
Equity - 11.84%    
John Hancock Variable Insurance Trust (G) - 11.84%  
Blue Chip Growth, Series NAV (T. Rowe Price) 18,787 $ 350,008
Equity-Income, Series NAV (T. Rowe Price) 28,115 342,716
Fundamental Value, Series NAV (Davis) 17,742 218,755
International Core, Series NAV (GMO) 18,985 160,420
International Opportunities,    
Series NAV (Marsico) 7,403 72,918
International Value, Series NAV (Franklin) 16,507 167,712
Mid Cap Stock, Series NAV (Wellington) 5,310 65,626
Mid Value, Series NAV (T. Rowe Price) 6,787 65,626
Small Cap Growth, Series NAV (Wellington) 6,690 58,335
Small Cap Value, Series NAV (Wellington) 4,076 65,626
U.S. Equity, Series NAV (GMO) 15,729 182,296
Fixed Income - 88.17%    
John Hancock Variable Insurance Trust (G) - 88.17%  
John Hancock Trust - Bond    
PS Trust, Series NAV 928,916 11,862,261
Strategic Allocation Trust, Series NAV    
(John Hancock) (A)(2) 114,832 1,166,693
Total Investments (Lifestyle Conservative PS Series)  
(Cost $15,017,698) - 100.01% $ 14,778,992
Other assets and liabilities, net - (0.01%)   (1,849)
TOTAL NET ASSETS - 100.00% $ 14,777,143
 
 
 
Lifestyle Growth Trust    
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.00%  
Equity - 70.06%    
John Hancock Variable Insurance Trust (G) - 70.06%  
500 Index, Series NAV (John Hancock) (A)(2) 224,026,563 $ 2,197,700,585
All Cap Core, Series NAV (QS Investors) 8,435,780 124,596,472
All Cap Value, Series NAV (Lord Abbett) 20,881,731 147,007,389
Alpha Opportunities, Series NAV (Wellington) 39,095,215 431,220,222
Blue Chip Growth, Series NAV (T. Rowe Price) 19,820,423 369,254,472
Capital Appreciation, Series NAV (Jennison) 33,338,269 309,379,136
Emerging Markets, Series NAV (DFA) 47,687,030 457,318,615
Equity-Income, Series NAV (T. Rowe Price) 43,843,741 534,455,206
Fundamental Large Cap Value, Series NAV    
(John Hancock) (A)(2) 15,932,809 138,615,441
Fundamental Value, Series NAV (Davis) 35,286,613 435,083,932
Growth Equity, Series NAV (Rainier) 24,291,435 247,772,632

 

Lifestyle Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Variable Insurance Trust (G) (continued)  
Heritage, Series NAV (American Century) 6,113,199 $ 60,948,595
International Core, Series NAV (GMO) 28,803,230 243,387,294
International Growth Stock,    
Series NAV (Invesco) 7,807,130 92,670,628
International Index, Series NAV    
(John Hancock) (A)(2) 63,014,384 905,516,702
International Opportunities,    
Series NAV (Marsico) 18,095,477 178,240,451
International Value, Series NAV (Franklin) 26,905,695 273,361,865
Mid Cap Index, Series NAV    
(John Hancock) (A)(2) 16,473,631 246,116,045
Mid Cap Stock, Series NAV (Wellington) 9,930,007 122,734,883
Mid Cap Value Equity, Series NAV (Columbia) 6,170,017 61,329,966
Mid Value, Series NAV (T. Rowe Price) 12,964,105 125,362,892
Small Cap Growth, Series NAV (Wellington) 6,348,979 55,363,099
Small Cap Index, Series NAV    
(John Hancock) (A)(2) 15,951,146 182,800,133
Small Cap Opportunities,    
Series NAV (DFA/Invesco) 3,793,573 61,152,401
Small Cap Value, Series NAV (Wellington) 3,819,144 61,488,213
Small Company Growth,    
Series NAV (Invesco) (I) 3,564,910 49,409,659
Small Company Value, Series NAV (T.    
Rowe Price) 6,403,577 91,955,369
Smaller Company Growth, Series NAV    
(Frontier/John Hancock (A)(2)/Perimeter) 3,343,379 49,080,803
U.S. Equity, Series NAV (GMO) 36,051,847 417,840,906
Value & Restructuring, Series NAV (Columbia) 10,325,737 115,751,507
Fixed Income - 29.94%    
John Hancock Variable Insurance Trust (G) - 29.94%  
Bond, Series NAV (John Hancock) (A)(1) 99,618,274 1,379,713,100
Core Bond, Series NAV (Wells Capital) 32,534,790 453,534,977
Global Bond, Series NAV (PIMCO) 11,613,143 154,338,671
New Income, Series NAV (T. Rowe Price) 54,501,251 751,572,247
Short Term Government Income, Series NAV    
(John Hancock) (A)(1) 5,911,562 77,618,804
Total Bond Market A,    
Series NAV (Declaration) (A) 15,986,742 233,246,559
Total Return, Series NAV (PIMCO) 51,200,448 704,518,160
Total Investments (Lifestyle Growth Trust)    
(Cost $12,046,312,911) - 100.00% $ 12,541,458,031
Other assets and liabilities, net - 0.00%   (42,617)
 
TOTAL NET ASSETS - 100.00% $ 12,541,415,414
 
 
 
Lifestyle Growth PS Series    
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.01%  
Equity - 41.79%    
John Hancock Variable Insurance Trust (G) - 41.79%  
All Cap Core, Series NAV (QS Investors) 27,979 $ 413,254
All Cap Value, Series NAV (Lord Abbett) 73,376 516,567
Alpha Opportunities, Series NAV (Wellington) 131,531 1,450,784
Blue Chip Growth, Series NAV (T. Rowe Price) 70,322 1,310,102
Capital Appreciation, Series NAV (Jennison) 116,540 1,081,493
Emerging Markets, Series NAV (DFA) 176,060 1,688,414
Equity-Income, Series NAV (T. Rowe Price) 150,030 1,828,867
Fundamental Large Cap Value, Series NAV    
(John Hancock) (A)(2) 54,575 474,802

 

264

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Lifestyle Growth PS Series (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Variable Insurance Trust (G) (continued)  
Fundamental Value, Series NAV (Davis) 117,663 $ 1,450,784
Growth Equity, Series NAV (Rainier) 84,909 866,074
Heritage, Series NAV (American Century) 21,061 209,980
International Core, Series NAV (GMO) 102,949 869,919
International Growth Stock,    
Series NAV (Invesco) 31,589 374,965
International Opportunities,    
Series NAV (Marsico) 68,739 677,080
International Value, Series NAV (Franklin) 97,854 994,193
Mid Cap Stock, Series NAV (Wellington) 31,897 394,249
Mid Cap Value Equity, Series NAV (Columbia) 21,125 209,980
Mid Value, Series NAV (T. Rowe Price) 40,770 394,249
Small Cap Growth, Series NAV (Wellington) 21,623 188,554
Small Cap Opportunities,    
Series NAV (DFA/Invesco) 15,153 244,263
Small Cap Value, Series NAV (Wellington) 13,042 209,980
Small Company Growth,    
Series NAV (Invesco) (I) 12,058 167,127
Small Company Value, Series NAV (T.    
Rowe Price) 22,083 317,113
Smaller Company Growth, Series NAV    
(Frontier/John Hancock (A)(2)/Perimeter) 11,385 167,127
U.S. Equity, Series NAV (GMO) 116,072 1,345,272
Value & Restructuring, Series NAV (Columbia) 13,861 155,381
Fixed Income - 58.22%    
John Hancock Variable Insurance Trust (G) - 58.22%  
John Hancock Trust - Bond    
PS Trust, Series NAV 1,024,388 13,081,440
Strategic Allocation Trust, Series NAV    
(John Hancock) (A)(2) 1,180,992 11,998,879
Total Investments (Lifestyle Growth PS Series)    
(Cost $45,820,724) - 100.01% $ 43,080,892
Other assets and liabilities, net - (0.01%)   (3,146)
TOTAL NET ASSETS - 100.00% $ 43,077,746
 
 
 
Lifestyle Moderate Trust    
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.00%  
Equity - 38.88%    
John Hancock Variable Insurance Trust (G) - 38.88%  
500 Index, Series NAV (John Hancock) (A)(2) 34,286,737 $ 336,352,894
All Cap Value, Series NAV (Lord Abbett) 4,644,548 32,697,621
Alpha Opportunities, Series NAV (Wellington) 5,954,973 65,683,351
Blue Chip Growth, Series NAV (T. Rowe Price) 4,810,695 89,623,257
Capital Appreciation, Series NAV (Jennison) 7,933,728 73,624,998
Equity-Income, Series NAV (T. Rowe Price) 8,408,633 102,501,233
Fundamental Large Cap Value, Series NAV    
(John Hancock) (A)(2) 1,928,867 16,781,144
Fundamental Value, Series NAV (Davis) 5,327,738 65,691,008
International Core, Series NAV (GMO) 6,709,242 56,693,093
International Growth Stock,    
Series NAV (Invesco) 2,130,827 25,292,918
International Index, Series NAV    
(John Hancock) (A)(2) 8,966,435 128,847,676
International Opportunities,    
Series NAV (Marsico) 3,210,614 31,624,545
International Value, Series NAV (Franklin) 6,399,641 65,020,358

 

Lifestyle Moderate Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Variable Insurance Trust (G) (continued)  
Mid Cap Index, Series NAV    
(John Hancock) (A)(2) 2,605,846 $ 38,931,332
Mid Cap Stock, Series NAV (Wellington) 2,354,983 29,107,585
Mid Value, Series NAV (T. Rowe Price) 3,090,906 29,889,062
Small Cap Growth, Series NAV (Wellington) 1,116,791 9,738,417
Small Cap Index, Series NAV    
(John Hancock) (A)(2) 2,258,604 25,883,601
Small Cap Value, Series NAV (Wellington) 811,700 13,068,363
Small Company Growth,    
Series NAV (Invesco) (I) 588,747 8,160,034
Small Company Value, Series NAV (T.    
Rowe Price) 1,021,187 14,664,240
Smaller Company Growth, Series NAV    
(Frontier/John Hancock (A)(2)/Perimeter) 661,042 9,704,092
U.S. Equity, Series NAV (GMO) 2,929,238 33,949,873
Value & Restructuring, Series NAV (Columbia) 1,210,000 13,564,097
Fixed Income - 61.12%    
John Hancock Variable Insurance Trust (G) - 61.12%  
Bond, Series NAV (John Hancock) (A)(1) 55,054,450 762,504,127
Core Bond, Series NAV (Wells Capital) 17,984,934 250,709,974
Global Bond, Series NAV (PIMCO) 6,411,574 85,209,820
New Income, Series NAV (T. Rowe Price) 30,091,968 414,968,232
Short Term Government Income, Series NAV    
(John Hancock) (A)(1) 3,156,241 41,441,440
Total Bond Market A,    
Series NAV (Declaration) (A) 8,888,113 129,677,573
Total Return, Series NAV (PIMCO) 28,072,105 386,272,159
Total Investments (Lifestyle Moderate Trust)    
(Cost $3,196,304,137) - 100.00% $ 3,387,878,117
Other assets and liabilities, net - 0.00%   (30,442)
 
TOTAL NET ASSETS - 100.00% $ 3,387,847,675
 
 
 
Lifestyle Moderate PS Series    
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES - 100.01%  
Equity - 23.82%    
John Hancock Variable Insurance Trust (G) - 23.82%  
All Cap Value, Series NAV (Lord Abbett) 25,048 $ 176,337
Alpha Opportunities, Series NAV (Wellington) 31,974 352,673
Blue Chip Growth, Series NAV (T. Rowe Price) 26,029 484,926
Capital Appreciation, Series NAV (Jennison) 42,754 396,757
Equity-Income, Series NAV (T. Rowe Price) 44,120 537,827
Fundamental Large Cap Value, Series NAV    
(John Hancock) (A)(2) 10,134 88,168
Fundamental Value, Series NAV (Davis) 28,603 352,673
International Core, Series NAV (GMO) 36,198 305,877
International Growth Stock,    
Series NAV (Invesco) 11,044 131,090
International Opportunities,    
Series NAV (Marsico) 17,745 174,787
International Value, Series NAV (Franklin) 34,407 349,574
Mid Cap Stock, Series NAV (Wellington) 12,727 157,308
Mid Value, Series NAV (T. Rowe Price) 16,268 157,308
Small Cap Growth, Series NAV (Wellington) 6,013 52,436
Small Cap Value, Series NAV (Wellington) 4,343 69,915
Small Company Growth,    
Series NAV (Invesco) (I) 3,153 43,697

 

265

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Lifestyle Moderate PS Series (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
AFFILIATED INVESTMENT COMPANIES (continued)  
John Hancock Variable Insurance Trust (G) (continued)  
Small Company Value, Series NAV (T.    
Rowe Price) 5,477 $ 78,654
Smaller Company Growth, Series NAV    
(Frontier/John Hancock (A)(2)/Perimeter) 3,572 52,436
U.S. Equity, Series NAV (GMO) 15,215 176,337
Value & Restructuring, Series NAV (Columbia) 5,061 56,734
Fixed Income - 76.19%    
John Hancock Variable Insurance Trust (G) - 76.19%  
John Hancock Trust - Bond    
PS Trust, Series NAV 832,124 10,626,224
Strategic Allocation Trust, Series NAV    
(John Hancock) (A)(2) 275,255 2,796,590
Total Investments (Lifestyle Moderate PS Series)    
(Cost $18,131,472) - 100.01% $ 17,618,328
Other assets and liabilities, net - (0.01%)   (1,286)
TOTAL NET ASSETS - 100.00% $ 17,617,042
 
 
 
 
Mid Cap Index Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 97.87%    
Consumer Discretionary - 13.61%    
Auto Components - 1.03%    
BorgWarner, Inc. (I)(L) 114,132 $ 6,908,410
Gentex Corp. 149,019 3,583,907
 
    10,492,317
Automobiles - 0.10%    
Thor Industries, Inc. (L) 46,516 1,030,329
Distributors - 0.36%    
LKQ Corp. (I) 152,466 3,683,579
Diversified Consumer Services - 0.88%    
Career Education Corp. (I)(L) 62,739 818,744
ITT Educational Services, Inc. (I)(L) 21,104 1,215,168
Matthews International Corp., Class A 30,438 936,273
Regis Corp. (L) 60,112 846,978
Service Corp. International 246,765 2,260,367
Sotheby’s 70,340 1,939,274
Strayer Education, Inc. (L) 12,505 958,758
 
    8,975,562
Hotels, Restaurants & Leisure - 1.37%    
Bally Technologies, Inc. (I) 46,183 1,246,017
Bob Evans Farms, Inc. 31,571 900,405
Brinker International, Inc. (L) 86,092 1,801,045
International Speedway Corp., Class A 29,688 678,074
Life Time Fitness, Inc. (I)(L) 44,075 1,624,164
Panera Bread Company, Class A (I) 31,685 3,293,339
Scientific Games Corp., Class A (I) 60,422 430,205
The Cheesecake Factory, Inc. (I)(L) 58,665 1,446,092
The Wendy’s Company (L) 313,480 1,438,873
WMS Industries, Inc. (I) 58,030 1,020,748
 
    13,878,962
Household Durables - 1.37%    
American Greetings Corp., Class A (L) 42,347 783,420
KB Home (L) 75,223 440,807
MDC Holdings, Inc. (L) 39,096 662,286
Mohawk Industries, Inc. (I) 59,423 2,549,841

 

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Household Durables (continued)    
NVR, Inc. (I)(L) 5,655 $ 3,415,507
Ryland Group, Inc. (L) 46,234 492,392
Toll Brothers, Inc. (I)(L) 153,148 2,209,926
Tupperware Brands Corp. 63,110 3,391,531
 
    13,945,710
Leisure Equipment & Products - 0.38%    
Eastman Kodak Co. (I)(L) 280,291 218,655
Polaris Industries, Inc. 71,984 3,597,040
 
    3,815,695
Media - 0.96%    
AMC Networks, Inc. (I) 59,678 1,906,712
DreamWorks Animation SKG, Inc. (I)(L) 73,946 1,344,338
John Wiley & Sons, Inc. 49,462 2,197,102
Lamar Advertising Company, Class A (I)(L) 60,936 1,037,740
Meredith Corp. (L) 38,894 880,560
Scholastic Corp. (L) 26,226 735,115
The New York Times Company, Class A (I)(L) 125,892 731,433
Valassis Communications, Inc. (I) 49,052 919,234
 
    9,752,234
Multiline Retail - 1.17%    
99 Cents Only Stores (I) 49,165 905,619
Dollar Tree, Inc. (I) 127,042 9,542,125
Saks, Inc. (I)(L) 166,596 1,457,715
 
    11,905,459
Specialty Retail - 4.08%    
Aaron’s, Inc. 81,898 2,067,925
Advance Auto Parts, Inc. 76,777 4,460,744
Aeropostale, Inc. (I) 84,103 909,153
American Eagle Outfitters, Inc. 203,022 2,379,418
ANN, Inc. (I) 54,386 1,242,176
Ascena Retail Group, Inc. (I) 71,531 1,936,344
Barnes & Noble, Inc. (L) 42,611 504,088
Chico’s FAS, Inc. 179,292 2,049,308
Collective Brands, Inc. (I)(L) 63,066 817,335
Dick’s Sporting Goods, Inc. (I) 100,272 3,355,101
Foot Locker, Inc. 159,267 3,199,674
Guess?, Inc. 69,556 1,981,650
Office Depot, Inc. (I)(L) 291,572 600,638
PetSmart, Inc. 117,390 5,006,684
RadioShack Corp. (L) 103,898 1,207,295
Rent-A-Center, Inc. (L) 64,181 1,761,768
Tractor Supply Company 74,351 4,650,655
Williams-Sonoma, Inc. 108,829 3,350,845
 
    41,480,801
Textiles, Apparel & Luxury Goods - 1.91%    
Deckers Outdoor Corp. (I) 40,105 3,740,192
Fossil, Inc. (I) 55,189 4,473,620
Hanesbrands, Inc. (I) 101,143 2,529,586
PVH Corp. 70,341 4,096,660
The Warnaco Group, Inc. (I) 44,770 2,063,449
Under Armour, Inc., Class A (I)(L) 38,114 2,531,151
 
    19,434,658
 
    138,395,306
Consumer Staples - 5.08%    
Beverages - 0.69%    
Hansen Natural Corp. (I) 80,260 7,005,895
Food & Staples Retailing - 0.48%    
BJ’s Wholesale Club, Inc. (I) 56,934 2,917,298

 

266

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food & Staples Retailing (continued)    
Ruddick Corp. 51,171 $ 1,995,157
    4,912,455
Food Products - 2.71%    
Corn Products International, Inc. 79,900 3,135,276
Flowers Foods, Inc. (L) 117,897 2,294,276
Green Mountain Coffee Roasters, Inc. (I) 133,900 12,444,666
Lancaster Colony Corp. (L) 20,780 1,267,788
Ralcorp Holdings, Inc. (I) 57,408 4,403,768
Smithfield Foods, Inc. (I) 171,819 3,350,471
Tootsie Roll Industries, Inc. (L) 25,901 624,732
 
    27,520,977
Household Products - 1.12%    
Church & Dwight Company, Inc. 149,486 6,607,281
Energizer Holdings, Inc. (I) 71,600 4,757,104
 
    11,364,385
Tobacco - 0.08%    
Universal Corp. (L) 24,186 867,310
 
    51,671,022
Energy - 6.33%    
Energy Equipment & Services - 2.66%    
Atwood Oceanics, Inc. (I)(L) 58,820 2,021,055
CARBO Ceramics, Inc. 20,741 2,126,575
Dresser-Rand Group, Inc. (I) 83,087 3,367,516
Dril-Quip, Inc. (I) 35,870 1,933,752
Exterran Holdings, Inc. (I)(L) 66,594 647,294
Helix Energy Solutions Group, Inc. (I) 110,312 1,445,087
Oceaneering International, Inc. 113,010 3,993,773
Oil States International, Inc. (I) 53,448 2,721,572
Patterson-UTI Energy, Inc. 162,070 2,810,294
Superior Energy Services, Inc. (I) 83,111 2,180,833
Tidewater, Inc. (L) 54,046 2,272,634
Unit Corp. (I) 43,125 1,592,175
 
    27,112,560
Oil, Gas & Consumable Fuels - 3.67%    
Arch Coal, Inc. (L) 221,871 3,234,879
Bill Barrett Corp. (I) 49,507 1,794,134
Cimarex Energy Company (L) 89,098 4,962,759
Comstock Resources, Inc. (I)(L) 49,617 767,079
Energen Corp. 75,052 3,068,876
Forest Oil Corp. (I) 119,085 1,714,824
HollyFrontier Corp. 218,725 5,734,970
Northern Oil and Gas, Inc. (I)(L) 65,741 1,274,718
Overseas Shipholding Group, Inc. (L) 27,277 374,786
Patriot Coal Corp. (I)(L) 95,108 804,614
Plains Exploration & Production Company (I) 146,814 3,334,146
Quicksilver Resources, Inc. (I)(L) 124,719 945,370
SM Energy Company 66,363 4,024,916
Southern Union Company 129,892 5,269,718
 
    37,305,789
    64,418,349
Financials - 18.90%    
Capital Markets - 1.84%    
Affiliated Managers Group, Inc. (I) 54,203 4,230,544
Apollo Investment Corp. 204,482 1,537,705
Eaton Vance Corp. (L) 122,169 2,720,704
Greenhill & Company, Inc. (L) 30,330 867,135
Jefferies Group, Inc. 153,654 1,906,846
Raymond James Financial, Inc. 106,787 2,772,191
SEI Investments Company 155,886 2,397,527

 

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Capital Markets (continued)    
Waddell & Reed Financial, Inc., Class A 89,621 $ 2,241,421
 
    18,674,073
Commercial Banks - 3.14%    
Associated-Banc Corp. 180,558 1,679,189
BancorpSouth, Inc. (L) 75,634 664,067
Bank of Hawaii Corp. 49,069 1,786,112
Cathay General Bancorp 81,923 932,284
City National Corp. 48,743 1,840,536
Commerce Bancshares, Inc. 80,485 2,796,854
Cullen/Frost Bankers, Inc. (L) 63,775 2,924,722
East West Bancorp, Inc. 155,058 2,311,915
FirstMerit Corp. 113,815 1,292,938
Fulton Financial Corp. 208,027 1,591,407
Hancock Holding Company 88,186 2,361,621
International Bancshares Corp. (L) 55,537 730,312
Prosperity Bancshares, Inc. (L) 48,847 1,596,320
SVB Financial Group (I) 45,002 1,665,074
Synovus Financial Corp. 823,574 881,224
TCF Financial Corp. (L) 166,229 1,522,658
Trustmark Corp. (L) 66,761 1,211,712
Valley National Bancorp (L) 176,953 1,873,932
Webster Financial Corp. 76,610 1,172,133
Westamerica Bancorp. (L) 29,699 1,138,066
 
    31,973,076
Diversified Financial Services - 0.38%    
MSCI, Inc. (I) 125,432 3,804,353
Insurance - 4.09%    
American Financial Group, Inc. 81,634 2,536,368
Arthur J. Gallagher & Company 117,171 3,081,597
Aspen Insurance Holdings, Ltd. (L) 73,747 1,699,131
Brown & Brown, Inc. 120,542 2,145,648
Everest Re Group, Ltd. 56,592 4,492,273
Fidelity National Financial, Inc., Class A 232,710 3,532,538
First American Financial Corp. 109,689 1,404,019
HCC Insurance Holdings, Inc. 114,539 3,098,280
Kemper Corp. 52,249 1,251,886
Mercury General Corp. 37,675 1,444,836
Old Republic International Corp. 265,890 2,371,739
Protective Life Corp. (L) 88,187 1,378,363
Reinsurance Group of America, Inc. 77,152 3,545,134
StanCorp Financial Group, Inc. 46,381 1,278,724
The Hanover Insurance Group, Inc. 47,339 1,680,535
Transatlantic Holdings, Inc. 65,063 3,156,857
W.R. Berkley Corp. 118,188 3,509,002
 
    41,606,930
Real Estate Investment Trusts - 8.20%    
Alexandria Real Estate Equities, Inc. (L) 64,486 3,958,796
American Campus Communities, Inc. 72,397 2,693,892
BRE Properties, Inc. 77,821 3,294,941
Camden Property Trust 74,111 4,095,374
Corporate Office Properties Trust 74,878 1,630,843
Cousins Properties, Inc. 107,963 631,584
Duke Realty Corp. 263,196 2,763,558
Equity One, Inc. (L) 62,071 984,446
Essex Property Trust, Inc. 34,073 4,090,123
Federal Realty Investment Trust 65,397 5,389,367
Highwoods Properties, Inc. (L) 75,388 2,130,465
Home Properties, Inc. 46,173 2,620,779
Hospitality Properties Trust 128,545 2,729,010
Liberty Property Trust (L) 120,435 3,505,863
Mack-Cali Realty Corp. 90,644 2,424,727
Omega Healthcare Investors, Inc. 107,345 1,710,006

 

267

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
Potlatch Corp. 41,821 $ 1,318,198
Rayonier, Inc. 126,846 4,666,664
Realty Income Corp. (L) 132,103 4,259,001
Regency Centers Corp. 93,614 3,307,383
Senior Housing Properties Trust 159,703 3,440,003
SL Green Realty Corp. (L) 88,990 5,174,769
Taubman Centers, Inc. 60,275 3,032,435
The Macerich Company (L) 137,356 5,855,486
UDR, Inc. 228,117 5,050,510
Weingarten Realty Investors (L) 125,797 2,663,122
 
    83,421,345
Real Estate Management & Development - 0.23%    
Jones Lang LaSalle, Inc. 45,226 2,343,159
Thrifts & Mortgage Finance - 1.02%    
Astoria Financial Corp. (L) 87,219 670,714
First Niagara Financial Group, Inc. 307,029 2,809,315
New York Community Bancorp, Inc. (L) 455,471 5,420,105
Washington Federal, Inc. 114,826 1,462,883
 
    10,363,017
    192,185,953
Health Care - 11.43%    
Biotechnology - 1.15%    
United Therapeutics Corp. (I)(L) 54,043 2,026,072
Vertex Pharmaceuticals, Inc. (I) 216,668 9,650,393
 
    11,676,465
Health Care Equipment & Supplies - 3.27%    
Gen-Probe, Inc. (I) 50,169 2,872,175
Hill-Rom Holdings, Inc. 65,761 1,974,145
Hologic, Inc. (I) 272,945 4,151,493
IDEXX Laboratories, Inc. (I)(L) 59,187 4,082,127
Kinetic Concepts, Inc. (I) 64,869 4,274,218
Masimo Corp. (L) 62,402 1,351,003
ResMed, Inc. (I)(L) 157,780 4,542,486
STERIS Corp. 61,697 1,805,871
Teleflex, Inc. 42,359 2,277,643
The Cooper Companies, Inc. (L) 49,704 3,934,072
Thoratec Corp. (I) 62,206 2,030,404
 
    33,295,637
Health Care Providers & Services - 3.54%    
AMERIGROUP Corp. (I)(L) 51,678 2,015,959
Catalyst Health Solutions, Inc. (I) 51,929 2,995,784
Community Health Systems, Inc. (I) 97,058 1,615,045
Health Management    
Associates, Inc., Class A (I) 264,583 1,830,914
Health Net, Inc. (I) 92,759 2,199,316
Henry Schein, Inc. (I)(L) 96,226 5,966,974
Kindred Healthcare, Inc. (I)(L) 54,264 467,756
LifePoint Hospitals, Inc. (I) 54,143 1,983,800
Lincare Holdings, Inc. (L) 97,271 2,188,598
Mednax, Inc. (I) 50,779 3,180,797
Omnicare, Inc. (L) 120,587 3,066,527
Owens & Minor, Inc. 66,411 1,891,385
Universal Health Services, Inc., Class B 101,808 3,461,472
VCA Antech, Inc. (I)(L) 90,164 1,440,821
WellCare Health Plans, Inc. (I) 44,484 1,689,502
 
    35,994,650
Health Care Technology - 0.35%    
Allscripts Healthcare Solutions, Inc. (I) 195,716 3,526,802
Life Sciences Tools & Services - 1.63%    
Bio-Rad Laboratories, Inc., Class A (I) 20,454 1,856,610

 

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Life Sciences Tools & Services (continued)    
Charles River    
Laboratories International, Inc. (I) 53,477 $ 1,530,512
Covance, Inc. (I) 63,249 2,874,667
Mettler-Toledo International, Inc. (I)(L) 33,199 4,646,532
Pharmaceutical Product Development, Inc. 118,590 3,043,019
Techne Corp. 38,611 2,625,934
 
    16,577,274
Pharmaceuticals - 1.49%    
Endo Pharmaceuticals Holdings, Inc. (I) 121,421 3,398,574
Medicis Pharmaceutical Corp., Class A 65,974 2,406,732
Perrigo Company 96,624 9,383,157
 
    15,188,463
 
    116,259,291
Industrials - 14.05%    
Aerospace & Defense - 1.01%    
Alliant Techsystems, Inc. 34,308 1,870,129
BE Aerospace, Inc. (I)(L) 107,428 3,556,941
Esterline Technologies Corp. (I) 31,875 1,652,400
Huntington Ingalls Industries, Inc. (I) 50,816 1,236,353
Triumph Group, Inc. 39,848 1,942,192
 
    10,258,015
Air Freight & Logistics - 0.14%    
UTI Worldwide, Inc. 106,943 1,394,537
Airlines - 0.29%    
Alaska Air Group, Inc. (I) 37,492 2,110,425
JetBlue Airways Corp. (I)(L) 212,515 871,312
 
    2,981,737
Building Products - 0.14%    
Lennox International, Inc. 55,315 1,426,021
Commercial Services & Supplies - 1.73%    
Clean Harbors, Inc. (I)(L) 49,127 2,520,215
Copart, Inc. (I) 58,739 2,297,870
Corrections Corp. of America (I) 111,597 2,532,136
Deluxe Corp. (L) 53,139 988,385
Herman Miller, Inc. 60,528 1,081,030
HNI Corp. (L) 46,602 891,496
Mine Safety Appliances Company 32,032 863,583
Rollins, Inc. 67,299 1,259,164
The Brinks Company 48,718 1,135,617
Waste Connections, Inc. 117,694 3,980,411
 
    17,549,907
Construction & Engineering - 1.05%    
Aecom Technology Corp. (I) 124,372 2,197,653
Granite Construction, Inc. 36,240 680,225
KBR, Inc. 157,008 3,710,099
The Shaw Group, Inc. (I) 75,220 1,635,283
URS Corp. (I) 82,886 2,458,399
 
    10,681,659
Electrical Equipment - 1.71%    
Acuity Brands, Inc. 45,117 1,626,017
AMETEK, Inc. 168,137 5,543,477
General Cable Corp. (I)(L) 54,330 1,268,606
Hubbell, Inc., Class B 62,414 3,091,990
Regal-Beloit Corp. 43,232 1,961,868
Thomas & Betts Corp. (I) 54,706 2,183,316
Woodward, Inc. 62,330 1,707,842
 
    17,383,116
Industrial Conglomerates - 0.20%    
Carlisle Companies, Inc. 64,147 2,045,006

 

268

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery - 4.41%    
AGCO Corp. (I) 100,454 $ 3,472,695
Crane Company 50,781 1,812,374
Donaldson Company, Inc. 78,612 4,307,938
Gardner Denver, Inc. 54,485 3,462,522
Graco, Inc. 63,359 2,163,076
Harsco Corp. 84,045 1,629,633
IDEX Corp. 86,504 2,695,465
Kennametal, Inc. 84,610 2,770,131
Lincoln Electric Holdings, Inc. 87,674 2,543,423
Nordson Corp. (L) 62,083 2,467,178
Oshkosh Corp. (I) 94,902 1,493,757
Pentair, Inc. (L) 102,840 3,291,908
SPX Corp. 53,214 2,411,126
Terex Corp. (I) 114,184 1,171,528
Timken Company 87,887 2,884,451
Trinity Industries, Inc. 83,470 1,787,093
Valmont Industries, Inc. 23,391 1,823,095
Wabtec Corp. 50,239 2,656,136
 
    44,843,529
Marine - 0.46%    
Alexander & Baldwin, Inc. (L) 43,412 1,585,840
Kirby Corp. (I) 57,939 3,049,909
 
    4,635,749
Professional Services - 0.92%    
FTI Consulting, Inc. (I)(L) 43,270 1,592,769
Korn/Ferry International (I) 49,025 597,615
Manpower, Inc. 85,310 2,868,122
The Corporate Executive Board Company 35,958 1,071,548
Towers Watson & Company, Class A 54,778 3,274,629
 
    9,404,683
Road & Rail - 1.32%    
Con-way, Inc. 57,868 1,280,619
J.B. Hunt Transport Services, Inc. (L) 96,373 3,480,993
Kansas City Southern (I) 114,329 5,711,877
Landstar System, Inc. 49,684 1,965,499
Werner Enterprises, Inc. (L) 46,263 963,658
 
    13,402,646
Trading Companies & Distributors - 0.67%    
GATX Corp. 48,521 1,503,666
MSC Industrial Direct Company, Inc., Class A 48,615 2,744,803
United Rentals, Inc. (I)(L) 65,219 1,098,288
Watsco, Inc. (L) 29,504 1,507,654
 
    6,854,411
    142,861,016
Information Technology - 15.49%    
Communications Equipment - 1.07%    
ADTRAN, Inc. 67,093 1,775,281
Ciena Corp. (I)(L) 100,879 1,129,845
Plantronics, Inc. 48,627 1,383,438
Polycom, Inc. (I) 184,164 3,383,093
Riverbed Technology, Inc. (I) 161,813 3,229,787
 
    10,901,444
Computers & Peripherals - 0.59%    
Diebold, Inc. (L) 66,854 1,839,154
NCR Corp. (I) 163,791 2,766,430
QLogic Corp. (I) 108,229 1,372,344
 
    5,977,928
Electronic Equipment, Instruments & Components - 2.08%  
Arrow Electronics, Inc. (I) 119,659 3,324,127

 

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
Avnet, Inc. (I) 159,111 $ 4,149,615
Ingram Micro, Inc., Class A (I) 163,938 2,644,320
Itron, Inc. (I) 42,373 1,250,004
National Instruments Corp. (L) 96,316 2,201,784
Tech Data Corp. (I) 45,193 1,953,693
Trimble Navigation, Ltd. (I) 127,862 4,289,770
Vishay Intertechnology, Inc. (I) 163,645 1,368,072
 
    21,181,385
Internet Software & Services - 1.14%    
AOL, Inc. (I)(L) 111,401 1,336,812
Digital River, Inc. (I) 41,310 856,356
Equinix, Inc. (I) 48,974 4,350,360
Rackspace Hosting, Inc. (I)(L) 107,278 3,662,471
ValueClick, Inc. (I) 86,259 1,342,190
 
    11,548,189
IT Services - 2.90%    
Acxiom Corp. (I) 84,888 903,208
Alliance Data Systems Corp. (I)(L) 53,018 4,914,769
Broadridge Financial Solutions, Inc. 128,652 2,591,051
Convergys Corp. (I) 124,959 1,172,115
CoreLogic, Inc. (I) 110,802 1,182,257
DST Systems, Inc. 36,826 1,614,084
Gartner, Inc. (I)(L) 100,508 3,504,714
Global Payments, Inc. 83,649 3,378,583
Jack Henry & Associates, Inc. 89,940 2,606,461
Lender Processing Services, Inc. 87,867 1,202,899
ManTech International Corp., Class A (L) 24,097 756,164
NeuStar, Inc., Class A (I) 76,377 1,920,118
VeriFone Systems, Inc. (I) 108,007 3,782,405
 
    29,528,828
Office Electronics - 0.17%    
Zebra Technologies Corp., Class A (I) 56,077 1,735,022
Semiconductors & Semiconductor Equipment - 3.21%  
Atmel Corp. (I) 484,744 3,911,884
Cree, Inc. (I)(L) 120,476 3,129,966
Cypress Semiconductor Corp. (I)(L) 179,024 2,679,989
Fairchild Semiconductor International, Inc. (I) 132,935 1,435,698
Integrated Device Technology, Inc. (I) 152,200 783,830
International Rectifier Corp. (I) 72,903 1,357,454
Intersil Corp., Class A 131,063 1,348,638
Lam Research Corp. (I) 128,890 4,895,242
RF Micro Devices, Inc. (I) 287,759 1,824,392
Semtech Corp. (I) 68,063 1,436,129
Silicon Laboratories, Inc. (I)(L) 46,083 1,544,241
Skyworks Solutions, Inc. (I) 193,974 3,479,894
Varian Semiconductor    
Equipment Associates, Inc. (I) 78,525 4,801,804
 
    32,629,161
Software - 4.33%    
ACI Worldwide, Inc. (I) 34,814 958,778
Advent Software, Inc. (I)(L) 34,293 715,009
ANSYS, Inc. (I) 96,035 4,709,556
Cadence Design Systems, Inc. (I) 280,190 2,588,956
Concur Technologies, Inc. (I) 48,349 1,799,550
FactSet Research Systems, Inc. (L) 47,721 4,245,737
Fair Isaac Corp. (L) 40,206 877,697
Informatica Corp. (I) 111,081 4,548,767
Mentor Graphics Corp. (I) 97,162 934,698
MICROS Systems, Inc. (I) 84,132 3,694,236
Parametric Technology Corp. (I) 122,280 1,880,666
Quest Software, Inc. (I) 60,816 965,758

 

269

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Rovi Corp. (I) 115,849 $ 4,979,190
Solera Holdings, Inc. 73,768 3,725,284
Synopsys, Inc. (I) 149,995 3,653,878
TIBCO Software, Inc. (I) 169,405 3,792,978
 
    44,070,738
    157,572,695
Materials - 6.14%    
Chemicals - 2.54%    
Albemarle Corp. 95,527 3,859,291
Ashland, Inc. 81,240 3,585,934
Cabot Corp. 68,107 1,687,691
Cytec Industries, Inc. 51,631 1,814,313
Intrepid Potash, Inc. (I)(L) 54,812 1,363,174
Minerals Technologies, Inc. 18,821 927,311
NewMarket Corp. (L) 11,380 1,728,281
Olin Corp. (L) 83,488 1,503,619
RPM International, Inc. 136,526 2,553,036
Sensient Technologies Corp. 52,155 1,697,645
The Scotts Miracle-Gro Company, Class A (L) 46,469 2,072,517
Valspar Corp. 97,316 3,037,232
 
    25,830,044
Construction Materials - 0.29%    
Martin Marietta Materials, Inc. (L) 47,568 3,007,249
Containers & Packaging - 1.86%    
AptarGroup, Inc. 69,528 3,105,816
Greif, Inc., Class A 32,030 1,373,767
Packaging Corp. of America 103,839 2,419,449
Rock-Tenn Company, Class A 74,148 3,609,525
Silgan Holdings, Inc. 51,849 1,904,932
Sonoco Products Company 104,013 2,936,287
Temple-Inland, Inc. 113,130 3,548,888
 
    18,898,664
Metals & Mining - 1.10%    
Carpenter Technology Corp. 45,987 2,064,356
Commercial Metals Company 120,263 1,143,701
Compass Minerals International, Inc. 34,249 2,287,148
Reliance Steel & Aluminum Company 77,950 2,651,080
Steel Dynamics, Inc. 227,686 2,258,645
Worthington Industries, Inc. (L) 57,465 802,786
 
    11,207,716
Paper & Forest Products - 0.35%    
Domtar Corp. 41,734 2,845,007
Louisiana-Pacific Corp. (I)(L) 137,677 702,153
 
    3,547,160
    62,490,833
Telecommunication Services - 0.46%    
Diversified Telecommunication Services - 0.26%    
TW Telecom, Inc. (I) 156,971 2,593,161
Wireless Telecommunication Services - 0.20%    
Telephone & Data Systems, Inc. (L) 95,748 2,034,645
 
    4,627,806
Utilities - 6.38%    
Electric Utilities - 2.09%    
Cleco Corp. 63,581 2,170,655
DPL, Inc. 122,821 3,701,825
Great Plains Energy, Inc. 141,634 2,733,536
Hawaiian Electric Industries, Inc. (L) 99,828 2,423,824
IDACORP, Inc. 51,761 1,955,531

 

Mid Cap Index Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Electric Utilities (continued)      
NV Energy, Inc.   245,719 $ 3,614,526
PNM Resources, Inc.   90,297 1,483,580
Westar Energy, Inc. (L)   120,596 3,186,146
 
      21,269,623
Gas Utilities - 1.87%      
AGL Resources, Inc. (L)   81,700 3,328,458
Atmos Energy Corp.   94,008 3,050,560
National Fuel Gas Company   86,150 4,193,782
Questar Corp. (L)   184,833 3,273,392
UGI Corp.   116,414 3,058,196
WGL Holdings, Inc.   53,417 2,087,002
 
      18,991,390
Multi-Utilities - 2.11%      
Alliant Energy Corp.   115,556 4,469,706
Black Hills Corp. (L)   41,057 1,257,986
MDU Resources Group, Inc.   196,575 3,772,274
NSTAR   107,857 4,833,072
OGE Energy Corp.   102,004 4,874,771
Vectren Corp. (L)   85,135 2,305,456
 
      21,513,265
Water Utilities - 0.31%      
Aqua America, Inc. (L)   144,110 3,108,451
 
      64,882,729
TOTAL COMMON STOCKS (Cost $986,047,791)   $ 995,365,000
 
WARRANTS - 0.00%      
Krispy Kreme Doughnuts, Inc. (Expiration      
Date: 03/02/12; Strike Price: $12.21) (I)   935 271
TOTAL WARRANTS (Cost $0)     $ 271
 
SECURITIES LENDING COLLATERAL - 13.73%  
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   13,957,746 139,650,045
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $139,666,996)     $ 139,650,045
 
SHORT-TERM INVESTMENTS - 2.21%    
 
Repurchase Agreement - 2.21%      
Repurchase Agreement with State Street Corp.    
dated 09/30/11 at 0.010% to be repurchased    
at $22,439,019 on 10/03/11, collateralized    
by $17,260,000 U.S. Treasury Notes,      
4.625% due 02/15/40 (valued at      
$22,891,247, including interest). $ 22,439,000 $ 22,439,000
TOTAL SHORT-TERM INVESTMENTS (Cost $22,439,000) $ 22,439,000
Total Investments (Mid Cap Index Trust)    
(Cost $1,148,153,787) - 113.81%     $ 1,157,454,316
Other assets and liabilities, net - (13.81%)   (140,442,572)
 
TOTAL NET ASSETS - 100.00%     $ 1,017,011,744

 

270

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Stock Trust    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 96.24%    
Consumer Discretionary - 22.47%    
Auto Components - 0.83%    
Gentex Corp. (L) 234,800 $ 5,646,940
Diversified Consumer Services - 2.50%    
Estacio Participacoes SA 574,700 5,043,239
Weight Watchers International, Inc. 204,620 11,919,115
 
    16,962,354
Hotels, Restaurants & Leisure - 2.05%    
Domino’s Pizza UK & IRL PLC 1,419,122 9,782,468
Marriott International, Inc., Class A (L) 81,100 2,209,164
The Cheesecake Factory, Inc. (I) 75,920 1,871,428
 
    13,863,060
Household Durables - 2.63%    
Jarden Corp. 311,444 8,801,407
Tempur-Pedic International, Inc. (I)(L) 171,560 9,025,772
 
    17,827,179
Internet & Catalog Retail - 2.05%    
priceline.com, Inc. (I)(L) 13,320 5,986,807
Shutterfly, Inc. (I)(L) 191,723 7,895,153
 
    13,881,960
Leisure Equipment & Products - 0.88%    
Brunswick Corp. (L) 423,700 5,948,748
Media - 0.83%    
Sirius XM Radio, Inc. (I)(L) 3,702,700 5,591,077
Specialty Retail - 5.80%    
Abercrombie & Fitch Company, Class A 86,600 5,331,096
Express, Inc. 455,100 9,233,979
GNC Holdings, Inc., Class A (I) 47,900 963,748
Ross Stores, Inc. 153,470 12,076,554
The Children’s Place Retail Stores, Inc. (I)(L) 112,547 5,236,812
Ulta Salon Cosmetics & Fragrance, Inc. (I) 103,165 6,419,958
 
    39,262,147
Textiles, Apparel & Luxury Goods - 4.90%    
Coach, Inc. 184,060 9,539,830
Columbia Sportswear Company (L) 106,700 4,950,880
Deckers Outdoor Corp. (I)(L) 81,900 7,637,994
Hanesbrands, Inc. (I) 442,900 11,076,929
 
    33,205,633
    152,189,098
Consumer Staples - 4.47%    
Food Products - 4.47%    
Green Mountain Coffee Roasters, Inc. (I)(L) 247,512 23,003,765
Smithfield Foods, Inc. (I)(L) 374,400 7,300,800
 
    30,304,565
    30,304,565
Energy - 8.33%    
Energy Equipment & Services - 1.63%    
Ensco International PLC, ADR 123,200 4,980,976
Tidewater, Inc. (L) 143,500 6,034,175
 
    11,015,151
Oil, Gas & Consumable Fuels - 6.70%    
Alpha Natural Resources, Inc. (I) 151,200 2,674,728
Bumi PLC (I) 227,127 3,054,258
Cabot Oil & Gas Corp. 128,930 7,982,056
Cobalt International Energy, Inc. (I) 169,700 1,308,387
Consol Energy, Inc. 151,800 5,150,574
Karoon Gas Australia, Ltd. (I) 291,065 779,531
Pioneer Natural Resources Company 91,500 6,017,955

 

Mid Cap Stock Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Southwestern Energy Company (I) 171,000 $ 5,699,430
Ultra Petroleum Corp. (I)(L) 183,200 5,078,304
Vallares PLC (I) 493,198 7,652,478
 
    45,397,701
 
    56,412,852
Financials - 0.89%    
Capital Markets - 0.10%    
SEI Investments Company 43,520 669,338
Diversified Financial Services - 0.79%    
Justice Holdings, Ltd. (I) 365,544 5,358,830
 
    6,028,168
Health Care - 18.18%    
Biotechnology - 0.74%    
Amylin Pharmaceuticals, Inc. (I) 115,533 1,066,370
Onyx Pharmaceuticals, Inc. (I) 56,500 1,695,565
Regeneron Pharmaceuticals, Inc. (I)(L) 39,000 2,269,800
 
    5,031,735
Health Care Equipment & Supplies - 8.29%    
Edwards Lifesciences Corp. (I) 212,610 15,154,841
Gen-Probe, Inc. (I) 215,562 12,340,925
HeartWare International, Inc. (I)(L) 112,080 7,219,073
Hologic, Inc. (I) 767,990 11,681,128
Intuitive Surgical, Inc. (I)(L) 26,720 9,733,562
 
    56,129,529
Health Care Providers & Services - 2.27%    
Cardinal Health, Inc. 154,800 6,483,024
Catalyst Health Solutions, Inc. (I) 154,600 8,918,874
 
    15,401,898
Health Care Technology - 2.82%    
Allscripts Healthcare Solutions, Inc. (I) 466,800 8,411,736
SXC Health Solutions Corp. (I) 191,500 10,666,550
 
    19,078,286
Life Sciences Tools & Services - 3.15%    
Parexel International Corp. (I) 349,630 6,618,496
Pharmaceutical Product Development, Inc. 279,310 7,167,095
Waters Corp. (I)(L) 99,600 7,518,804
 
    21,304,395
Pharmaceuticals - 0.91%    
Auxilium Pharmaceuticals, Inc. (I)(L) 184,800 2,770,152
Salix Pharmaceuticals, Ltd. (I) 115,300 3,412,880
 
    6,183,032
 
    123,128,875
Industrials - 8.98%    
Aerospace & Defense - 1.47%    
DigitalGlobe, Inc. (I) 511,210 9,932,810
Commercial Services & Supplies - 1.30%    
Corrections Corp. of America (I) 225,270 5,111,376
The Geo Group, Inc. (I)(L) 200,900 3,728,704
 
    8,840,080
Construction & Engineering - 2.64%    
Aecom Technology Corp. (I) 460,200 8,131,734
Fluor Corp. 107,880 5,021,814
Foster Wheeler AG (I) 266,890 4,747,973
 
    17,901,521
Machinery - 0.77%    
Navistar International Corp. (I) 161,980 5,202,798

 

271

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Stock Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Professional Services - 0.70%    
Manpower, Inc. 140,640 $ 4,728,317
Road & Rail - 0.93%    
Localiza Rent a Car SA 475,800 6,300,981
Trading Companies & Distributors - 1.17%    
United Rentals, Inc. (I)(L) 469,150 7,900,486
 
    60,806,993
Information Technology - 30.01%    
Communications Equipment - 7.83%    
AAC Acoustic Technologies Holdings, Inc. 1,558,000 3,344,991
Acme Packet, Inc. (I) 169,700 7,227,523
Aruba Networks, Inc. (I)(L) 502,230 10,501,629
F5 Networks, Inc. (I)(L) 130,470 9,269,894
Finisar Corp. (I) 272,300 4,776,142
JDS Uniphase Corp. (I) 343,300 3,422,701
Juniper Networks, Inc. (I) 245,900 4,244,234
Polycom, Inc. (I) 557,500 10,241,275
 
    53,028,389
Electronic Equipment, Instruments & Components - 1.69%  
Jabil Circuit, Inc. 450,680 8,017,597
Universal Display Corp. (I)(L) 71,720 3,438,257
 
    11,455,854
Internet Software & Services - 1.48%    
IAC/InterActiveCorp (I) 180,940 7,156,177
LinkedIn Corp. Class A (I) 36,700 2,865,536
 
    10,021,713
IT Services - 5.10%    
Gartner, Inc. (I) 206,809 7,211,430
Genpact, Ltd. (I) 357,300 5,141,547
Teradata Corp. (I) 120,531 6,452,024
The Western Union Company 632,300 9,667,867
VeriFone Systems, Inc. (I) 173,500 6,075,970
 
    34,548,838
Semiconductors & Semiconductor Equipment - 3.78%  
Altera Corp. 107,300 3,383,169
Cavium Inc. (I) 172,670 4,663,817
Cypress Semiconductor Corp. (I)(L) 398,900 5,971,533
Skyworks Solutions, Inc. (I)(L) 457,100 8,200,374
Xilinx, Inc. (L) 123,300 3,383,352
 
    25,602,245
Software - 10.13%    
Activision Blizzard, Inc. (L) 606,900 7,222,110
Ariba, Inc. (I) 231,007 6,401,204
BroadSoft, Inc. (I)(L) 164,135 4,981,497
Cadence Design Systems, Inc. (I)(L) 1,615,270 14,925,095
Citrix Systems, Inc. (I) 103,500 5,643,855
Concur Technologies, Inc. (I)(L) 173,600 6,461,392
MICROS Systems, Inc. (I) 86,800 3,811,388
MicroStrategy, Inc., Class A (I) 43,140 4,920,980
QLIK Technologies, Inc. (I) 113,200 2,451,912
Red Hat, Inc. (I) 82,660 3,493,212
TIBCO Software, Inc. (I) 372,700 8,344,753
 
    68,657,398
    203,314,437
Materials - 2.91%    
Chemicals - 0.76%    
Methanex Corp. 245,600 5,118,304
Containers & Packaging - 1.06%    
Ball Corp. 231,900 7,193,538

 

Mid Cap Stock Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Metals & Mining - 1.09%      
Detour Gold Corp. (I)   157,000 $ 4,090,180
Molycorp, Inc. (I)(L)   101,040 3,321,185
 
      7,411,365
 
      19,723,207
TOTAL COMMON STOCKS (Cost $688,242,925)   $ 651,908,195
 
SECURITIES LENDING COLLATERAL - 18.37%  
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   12,436,792 124,432,589
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $124,441,754)     $ 124,432,589
 
SHORT-TERM INVESTMENTS - 5.68%    
Repurchase Agreement - 5.68%      
Deutsche Bank Tri-Party Repurchase      
Agreement dated 09/30/2011 at 0.050% to    
be repurchased at $38,500,160 on      
10/03/2011, collateralized by $39,132,398    
Government National Mortgage Association,    
4.500% - 5.500% due 04/20/2035 -      
07/15/2039 (valued at $39,270,000,      
including interest) $ 38,500,000 $ 38,500,000
TOTAL SHORT-TERM INVESTMENTS (Cost $38,500,000) $ 38,500,000
Total Investments (Mid Cap Stock Trust)    
(Cost $851,184,679) - 120.29%     $ 814,840,784
Other assets and liabilities, net - (20.29%)   (137,428,007)
 
TOTAL NET ASSETS - 100.00%     $ 677,412,777
 
 
 
Mid Cap Value Equity Trust    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 95.00%      
Consumer Discretionary - 12.71%      
Auto Components - 1.44%      
TRW Automotive Holdings Corp. (I)   24,413 $ 799,037
Visteon Corp. (I)   21,031 904,333
 
      1,703,370
Automobiles - 0.71%      
Ford Motor Company (I)   87,588 846,976
Diversified Consumer Services - 1.57%      
Apollo Group, Inc., Class A (I)   11,230 444,820
Capella Education Company (I)   9,883 280,480
Career Education Corp. (I)(L)   24,701 322,348
Corinthian Colleges, Inc. (I)(L)   75,040 117,062
DeVry, Inc.   9,147 338,073
ITT Educational Services, Inc. (I)(L)   6,332 364,597
 
      1,867,380
Hotels, Restaurants & Leisure - 1.44%      
Penn National Gaming, Inc. (I)(L)   34,580 1,151,168
Royal Caribbean Cruises, Ltd. (L)   25,940 561,342
 
      1,712,510
Household Durables - 0.44%      
D.R. Horton, Inc. (L)   28,962 261,816
Lennar Corp., Class A (L)   19,258 260,753
 
      522,569

 

272

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Value Equity Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Leisure Equipment & Products - 1.46%    
Hasbro, Inc. (L) 52,952 $ 1,726,765
Media - 3.21%    
DISH Network Corp. (I)(L) 39,239 983,329
Liberty Media Corp. - Starz, Series A (I) 9,179 583,417
National CineMedia, Inc. 65,160 945,472
Regal Entertainment Group (L) 62,261 730,944
Valassis Communications, Inc. (I)(L) 29,886 560,064
 
    3,803,226
Multiline Retail - 1.69%    
Macy’s, Inc. 65,312 1,719,012
Nordstrom, Inc. (L) 6,128 279,927
 
    1,998,939
Specialty Retail - 0.75%    
Abercrombie & Fitch Company, Class A 9,905 609,752
Aeropostale, Inc. (I)(L) 26,047 281,568
 
    891,320
    15,073,055
Consumer Staples - 6.44%    
Food Products - 2.63%    
Dean Foods Company (I) 49,806 441,779
Ralcorp Holdings, Inc. (I) 26,699 2,048,080
Sara Lee Corp. 38,238 625,191
 
    3,115,050
Tobacco - 3.81%    
Lorillard, Inc. 40,882 4,525,637
 
    7,640,687
Energy - 9.57%    
Energy Equipment & Services - 1.82%    
C&J Energy Services, Inc. (I)(L) 17,777 292,254
McDermott International, Inc. (I) 67,496 726,257
Nabors Industries, Ltd. (I) 44,540 546,060
Noble Corp. (I)(L) 19,950 585,533
 
    2,150,104
Oil, Gas & Consumable Fuels - 7.75%    
Alpha Natural Resources, Inc. (I) 14,600 258,274
El Paso Corp. 50,159 876,779
Enbridge, Inc. 85,083 2,716,700
EQT Corp. 5,972 318,666
Newfield Exploration Company (I) 65,697 2,607,514
QEP Resources, Inc. 47,324 1,281,061
Whiting Petroleum Corp. (I) 32,360 1,135,189
 
    9,194,183
    11,344,287
Financials - 16.57%    
Capital Markets - 1.36%    
Invesco, Ltd. 83,060 1,288,261
Lazard, Ltd., Class A 15,294 322,703
 
    1,610,964
Commercial Banks - 6.81%    
CIT Group, Inc. (I)(L) 111,345 3,381,548
Comerica, Inc. 37,129 852,853
Cullen/Frost Bankers, Inc. (L) 12,250 561,785
Fifth Third Bancorp 91,596 925,120
Huntington Bancshares, Inc. 137,281 658,949
KeyCorp 110,185 653,397
SunTrust Banks, Inc. 33,323 598,148

 

Mid Cap Value Equity Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
TCF Financial Corp. 48,188 $ 441,402
 
    8,073,202
Diversified Financial Services - 0.28%    
PICO Holdings, Inc. (I) 16,195 332,159
Insurance - 6.30%    
Assurant, Inc. 28,035 1,003,653
Axis Capital Holdings, Ltd. 22,482 583,183
Everest Re Group, Ltd. 12,982 1,030,511
Lincoln National Corp. 57,650 901,070
PartnerRe, Ltd. 12,687 663,149
Transatlantic Holdings, Inc. 11,565 561,134
XL Group PLC 145,396 2,733,445
 
    7,476,145
Real Estate Investment Trusts - 1.82%    
AvalonBay Communities, Inc. 2,030 231,522
Boston Properties, Inc. 2,539 226,225
Equity Residential 8,997 466,674
Prologis, Inc. (L) 11,690 283,483
Rayonier, Inc. (L) 19,268 708,870
Ventas, Inc. (L) 4,809 237,565
 
    2,154,339
    19,646,809
Health Care - 11.49%    
Health Care Equipment & Supplies - 0.83%    
Teleflex, Inc. (L) 18,406 989,691
Health Care Providers & Services - 3.21%    
CIGNA Corp. 68,220 2,861,147
Humana, Inc. 13,042 948,545
 
    3,809,692
Life Sciences Tools & Services - 2.12%    
Agilent Technologies, Inc. (I) 80,418 2,513,063
Pharmaceuticals - 5.33%    
Hospira, Inc. (I) 15,593 576,941
Mylan, Inc. (I) 181,669 3,088,373
Watson Pharmaceuticals, Inc. (I) 38,869 2,652,809
 
    6,318,123
    13,630,569
Industrials - 14.81%    
Airlines - 1.09%    
Delta Air Lines, Inc. (I)(L) 59,395 445,463
United Continental Holdings, Inc. (I) 36,730 711,827
US Airways Group, Inc. (I)(L) 25,400 139,700
 
    1,296,990
Building Products - 0.81%    
AO Smith Corp. (L) 29,975 960,099
Commercial Services & Supplies - 0.20%    
Ritchie Brothers Auctioneers, Inc. (L) 11,916 240,584
Construction & Engineering - 1.95%    
Chicago Bridge & Iron Company NV 31,084 889,935
Foster Wheeler AG (I) 23,893 425,056
Jacobs Engineering Group, Inc. (I) 15,568 502,691
KBR, Inc. 20,998 496,183
 
    2,313,865
Electrical Equipment - 3.46%    
Cooper Industries PLC 71,428 3,294,259
Rockwell Automation, Inc. 14,453 809,368
 
    4,103,627

 

273

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Mid Cap Value Equity Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery - 4.03%    
AGCO Corp. (I) 28,058 $ 969,965
Eaton Corp. 42,636 1,513,578
Navistar International Corp. (I) 37,339 1,199,329
Parker Hannifin Corp. 13,101 827,066
Terex Corp. (I) 26,478 271,664
 
    4,781,602
Road & Rail - 3.27%    
Con-way, Inc. 24,377 539,463
J.B. Hunt Transport Services, Inc. (L) 24,014 867,386
Kansas City Southern (I)(L) 32,426 1,620,003
Swift Transporation Company (I) 25,641 165,128
Werner Enterprises, Inc. (L) 32,654 680,183
 
    3,872,163
    17,568,930
Information Technology - 6.61%    
Computers & Peripherals - 0.80%    
Western Digital Corp. (I) 37,094 954,058
Electronic Equipment, Instruments & Components - 0.86%  
Avnet, Inc. (I) 38,922 1,015,086
Semiconductors & Semiconductor Equipment - 3.09%  
Freescale Semiconductor Holdings I, Ltd. (I) 46,295 510,634
LSI Corp. (I) 390,802 2,024,354
Microchip Technology, Inc. (L) 36,398 1,132,342
 
    3,667,330
Software - 1.86%    
BMC Software, Inc. (I) 11,720 451,923
Check Point Software Technologies, Ltd. (I)(L) 33,284 1,756,064
 
    2,207,987
    7,844,461
Materials - 6.50%    
Chemicals - 4.75%    
Agrium, Inc. 7,561 504,016
Eastman Chemical Company 32,913 2,255,528
Huntsman Corp. 67,148 649,321
PPG Industries, Inc. 31,473 2,223,882
 
    5,632,747
Containers & Packaging - 0.26%    
Rock-Tenn Company, Class A 6,368 309,994
Metals & Mining - 0.85%    
Freeport-McMoRan Copper & Gold, Inc. 5,377 163,730
Kobe Steel Ltd. ADR 36,909 317,048
Nucor Corp. 16,451 520,510
 
    1,001,288
Paper & Forest Products - 0.64%    
Domtar Corp. (L) 11,161 760,845
 
    7,704,874
Telecommunication Services - 2.57%    
Diversified Telecommunication Services - 2.57%    
CenturyLink, Inc. 47,548 1,574,790
Windstream Corp. (L) 126,402 1,473,847
 
    3,048,637
    3,048,637
Utilities - 7.73%    
Electric Utilities - 2.87%    
Entergy Corp. 11,707 776,055
FirstEnergy Corp. 14,445 648,725

 

Mid Cap Value Equity Trust (continued)  
    Shares or  
    Principal  
    Amount Value
COMMON STOCKS (continued)      
Electric Utilities (continued)      
Pepco Holdings, Inc.   62,274 $ 1,178,224
Pinnacle West Capital Corp.   18,771 806,027
 
      3,409,031
Gas Utilities - 0.29%      
Questar Corp. (L)   19,120 338,615
Multi-Utilities - 4.57%      
CenterPoint Energy, Inc.   74,606 1,463,770
DTE Energy Company   29,723 1,457,021
Sempra Energy   20,482 1,054,823
Wisconsin Energy Corp. (L)   45,984 1,438,839
 
      5,414,453
      9,162,099
TOTAL COMMON STOCKS (Cost $115,797,783)   $ 112,664,408
CONVERTIBLE BONDS - 0.09%      
Materials - 0.09%      
Construction Materials - 0.09%      
Cemex SAB de CV      
3.750%, 03/15/2018 (S) $ 233,000 $ 108,636
TOTAL CONVERTIBLE BONDS (Cost $233,000)   $ 108,636
SECURITIES LENDING COLLATERAL - 16.82%  
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   193,220 19,942,563
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $19,941,778)     $ 19,942,563
SHORT-TERM INVESTMENTS - 4.55%    
U.S. Government & Agency      
Obligations - 4.55%      
Federal Home Loan Bank Discount      
Notes 0.010%, 10/04/2011 $ 5,400,000 $ 5,400,000
TOTAL SHORT-TERM INVESTMENTS (Cost $5,400,000) $ 5,400,000
Total Investments (Mid Cap Value Equity Trust)    
(Cost $141,372,561) - 116.46%     $ 138,115,607
Other assets and liabilities, net - (16.46%)   (19,517,561)
TOTAL NET ASSETS - 100.00%     $ 118,598,046
 
 
Mid Value Trust      
    Shares or  
    Principal  
    Amount Value
COMMON STOCKS - 90.70%      
Consumer Discretionary - 16.32%      
Auto Components - 0.92%      
Visteon Corp. (I)   118,900 $ 5,112,700
Visteon Corp. (I)(S)   26,500 1,139,500
 
      6,252,200
Diversified Consumer Services - 2.33%      
Career Education Corp. (I)(L)   341,300 4,453,965
H&R Block, Inc. (L)   359,800 4,788,938
Strayer Education, Inc. (L)   31,900 2,445,773
Weight Watchers International, Inc.   71,450 4,161,963
 
      15,850,639

 

274

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure - 1.22%    
International Game Technology 510,600 $ 7,419,018
WMS Industries, Inc. (I) 51,900 912,921
 
    8,331,939
Household Durables - 1.41%    
Fortune Brands, Inc. 178,000 9,626,240
Internet & Catalog Retail - 0.65%    
Liberty Media Corp. - Interactive, Series A (I) 298,883 4,414,502
Leisure Equipment & Products - 1.65%    
Mattel, Inc. 318,600 8,248,554
Sankyo Company, Ltd. 55,200 2,977,922
 
    11,226,476
Media - 5.91%    
Cablevision Systems Corp., Class A 285,500 4,490,915
DISH Network Corp. (I) 217,100 5,440,526
DreamWorks Animation SKG, Inc. (I)(L) 355,500 6,462,990
Liberty Media Corp. - Starz, Series A (I) 74,804 4,754,542
Meredith Corp. (L) 313,581 7,099,474
Scholastic Corp. (L) 206,824 5,797,277
The Washington Post Company, Class B (L) 18,800 6,147,036
 
    40,192,760
Multiline Retail - 0.52%    
J.C. Penney Company, Inc. (L) 132,900 3,559,062
Specialty Retail - 1.71%    
CarMax, Inc. (I)(L) 99,600 2,375,460
The Gap, Inc. (L) 568,400 9,230,816
 
    11,606,276
    111,060,094
Consumer Staples - 7.51%    
Beverages - 0.48%    
Brown Forman Corp., Class B (L) 46,700 3,275,538
Food & Staples Retailing - 2.17%    
Sysco Corp. (L) 175,100 4,535,090
The Kroger Company 466,200 10,237,752
 
    14,772,842
Food Products - 3.48%    
Campbell Soup Company (L) 309,300 10,012,041
Flowers Foods, Inc. (L) 196,200 3,818,052
McCormick & Company, Inc., Non    
Voting Shares (L) 112,200 5,179,152
Sara Lee Corp. 107,700 1,760,895
Tootsie Roll Industries, Inc. (L) 118,927 2,868,519
 
    23,638,659
Household Products - 0.35%    
Clorox Company (L) 35,900 2,381,247
Personal Products - 1.03%    
Avon Products, Inc. 288,400 5,652,640
The Estee Lauder Companies, Inc., Class A 15,500 1,361,520
 
    7,014,160
    51,082,446
Energy - 6.96%    
Energy Equipment & Services - 0.84%    
Exterran Holdings, Inc. (I)(L) 507,122 4,929,226
Weatherford International, Ltd. (I) 64,300 785,103
 
    5,714,329
Oil, Gas & Consumable Fuels - 6.12%    
Arch Coal, Inc. 91,233 1,330,177

 

Mid Value Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Consol Energy, Inc. 91,400 $ 3,101,202
El Paso Corp. 214,000 3,740,720
EQT Corp. 119,700 6,387,192
Hess Corp. 125,500 6,583,730
Marathon Oil Corp. 29,600 638,768
Murphy Oil Corp. 77,100 3,404,736
Nexen, Inc. 679,800 10,530,102
QEP Resources, Inc. 145,100 3,927,857
Quicksilver Resources, Inc. (I)(L) 268,500 2,035,230
 
    41,679,714
 
    47,394,043
Financials - 21.71%    
Capital Markets - 5.15%    
E*TRADE Financial Corp. (I) 839,570 7,648,483
Federated Investors, Inc., Class B (L) 118,600 2,079,058
Greenhill & Company, Inc. (L) 123,809 3,539,699
Janus Capital Group, Inc. (L) 786,900 4,721,400
Legg Mason, Inc. 162,900 4,188,159
Northern Trust Corp. 367,100 12,841,158
 
    35,017,957
Commercial Banks - 3.06%    
CIT Group, Inc. (I) 287,400 8,728,338
Commerce Bancshares, Inc. (L) 57,359 1,993,225
First Horizon National Corp. (L) 516,349 3,077,440
M&T Bank Corp. 26,000 1,817,400
Westamerica Bancorp. (L) 136,600 5,234,512
 
    20,850,915
Consumer Finance - 0.95%    
Discover Financial Services 282,500 6,480,550
Insurance - 7.86%    
Assured Guaranty, Ltd. (L) 121,500 1,335,285
Axis Capital Holdings, Ltd. 107,300 2,783,362
Fidelity National Financial, Inc., Class A 527,100 8,001,378
First American Financial Corp. 575,600 7,367,680
Kemper Corp. 162,002 3,881,568
Marsh & McLennan Companies, Inc. 438,500 11,637,790
OneBeacon Insurance Group, Ltd. 104,900 1,430,836
The Allstate Corp. 103,900 2,461,391
The Progressive Corp. 296,900 5,272,944
White Mountains Insurance Group, Ltd. 22,900 9,291,675
 
    53,463,909
Real Estate Investment Trusts - 3.26%    
Cousins Properties, Inc. 322,887 1,888,889
Federal Realty Investment Trust (L) 7,800 642,798
General Growth Properties, Inc. 279,229 3,378,671
Prologis, Inc. 146,776 3,559,318
SL Green Realty Corp. (L) 21,100 1,226,965
Weingarten Realty Investors (L) 136,100 2,881,237
Weyerhaeuser Company 553,536 8,607,485
 
    22,185,363
Real Estate Management & Development - 0.67%    
Forest City Enterprises, Inc., Class A (I)(L) 165,800 1,767,428
The St. Joe Company (I)(L) 188,300 2,822,617
 
    4,590,045
Thrifts & Mortgage Finance - 0.76%    
BankUnited, Inc. 48,100 998,556
Capitol Federal Financial, Inc. 391,798 4,137,387
 
    5,135,943
 
    147,724,682

 

275

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care - 6.13%    
Biotechnology - 2.27%    
Cephalon, Inc. (I)(L) 179,500 $ 14,485,650
Dendreon Corp. (I)(L) 104,400 939,600
 
    15,425,250
Health Care Equipment & Supplies - 0.57%    
Wright Medical Group, Inc. (I)(L) 25,600 457,728
Zimmer Holdings, Inc. (I) 63,900 3,418,650
 
    3,876,378
Health Care Providers & Services - 2.56%    
Cardinal Health, Inc. 21,200 887,856
Healthsouth Corp. (I)(L) 473,470 7,068,907
Kindred Healthcare, Inc. (I)(L) 362,000 3,120,440
Select Medical Holdings Corp. (I) 371,600 2,478,572
Tenet Healthcare Corp. (I)(L) 936,900 3,869,397
 
    17,425,172
Pharmaceuticals - 0.73%    
Forest Laboratories, Inc. (I) 80,200 2,469,358
Hospira, Inc. (I) 67,400 2,493,800
 
    4,963,158
    41,689,958
Industrials - 8.56%    
Aerospace & Defense - 2.50%    
Raytheon Company 169,200 6,915,204
Textron, Inc. (L) 573,500 10,116,540
 
    17,031,744
Airlines - 2.17%    
Delta Air Lines, Inc. (I) 498,000 3,735,000
Southwest Airlines Company 1,372,000 11,030,880
 
    14,765,880
Commercial Services & Supplies - 0.81%    
Cintas Corp. (L) 194,200 5,464,788
Electrical Equipment - 0.35%    
The Babcock & Wilcox Company (I) 120,604 2,357,808
Machinery - 0.39%    
WABCO Holdings, Inc. (I) 70,400 2,665,344
Professional Services - 1.53%    
Equifax, Inc. (L) 34,300 1,054,382
Manpower, Inc. 223,500 7,514,070
Verisk Analytics, Inc., Class A (I) 53,400 1,856,718
 
    10,425,170
Road & Rail - 0.24%    
Hertz Global Holdings, Inc. (I)(L) 185,300 1,649,170
Trading Companies & Distributors - 0.57%    
Air Lease Corp. (I)(L) 201,800 3,874,560
 
    58,234,464
Information Technology - 6.75%    
Communications Equipment - 1.83%    
Motorola Mobility Holdings, Inc. (I) 180,475 6,818,346
Motorola Solutions, Inc. 54,500 2,283,550
Tellabs, Inc. 787,600 3,378,804
 
    12,480,700
Electronic Equipment, Instruments & Components - 2.10%  
AVX Corp. 201,500 2,391,805
Molex, Inc., Class A 362,700 6,122,376
TE Connectivity, Ltd. 205,500 5,782,770
 
    14,296,951

 

Mid Value Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
IT Services - 1.99%    
Automatic Data Processing, Inc. 10,800 $ 509,220
Computer Sciences Corp. 72,300 1,941,255
CoreLogic, Inc. (I) 458,200 4,888,994
Lender Processing Services, Inc. 41,300 565,397
Paychex, Inc. (L) 149,300 3,937,041
SAIC, Inc. (I)(L) 144,100 1,701,821
 
    13,543,728
Semiconductors & Semiconductor Equipment - 0.38%  
ASML Holding NV (L) 75,683 2,614,091
Software - 0.45%    
Electronic Arts, Inc. (I) 148,000 3,026,600
 
    45,962,070
Materials - 5.35%    
Chemicals - 2.80%    
International Flavors & Fragrances, Inc. 110,900 6,234,798
Nalco Holding Company 365,700 12,792,186
 
    19,026,984
Construction Materials - 0.58%    
Vulcan Materials Company (L) 142,107 3,916,469
Containers & Packaging - 0.40%    
Rock-Tenn Company, Class A 41,900 2,039,692
Temple-Inland, Inc. 21,600 677,592
 
    2,717,284
Metals & Mining - 1.57%    
AngloGold Ashanti, Ltd., ADR (L) 126,300 5,223,768
Franco-Nevada Corp. 136,200 4,927,323
United States Steel Corp. (L) 25,700 565,657
 
    10,716,748
 
    36,377,485
Telecommunication Services - 1.11%    
Diversified Telecommunication Services - 0.13%    
Hellenic Telecommunications    
Organization SA, ADR (L) 400,700 877,533
Wireless Telecommunication Services - 0.98%    
Telephone & Data Systems, Inc. (L) 108,100 2,297,125
Telephone & Data Systems, Inc. -    
Special Shares 221,700 4,383,009
 
    6,680,134
 
    7,557,667
Utilities - 10.30%    
Electric Utilities - 4.89%    
American Electric Power Company, Inc. 83,600 3,178,472
Duke Energy Corp. (L) 156,100 3,120,439
FirstEnergy Corp. 298,111 13,388,165
Pepco Holdings, Inc. 134,500 2,544,740
Pinnacle West Capital Corp. 24,800 1,064,912
PPL Corp. 350,300 9,997,562
 
    33,294,290
Independent Power Producers & Energy Traders - 4.01%  
Calpine Corp. (I) 468,400 6,595,072
Constellation Energy Group, Inc. 210,400 8,007,824
GenOn Energy, Inc. (I) 2,997,386 8,332,733
NRG Energy, Inc. (I) 204,500 4,337,445
 
    27,273,074

 

276

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Mid Value Trust (continued)    
    Shares or  
    Principal  
    Amount Value
COMMON STOCKS (continued)      
Multi-Utilities - 1.40%      
NiSource, Inc. (L)   446,200 $ 9,539,756
      70,107,120
TOTAL COMMON STOCKS (Cost $633,455,774)   $ 617,190,029
PREFERRED SECURITIES - 0.25%      
Financials - 0.13%      
Insurance - 0.13%      
Assured Guaranty, Ltd., 8.500% $ 18,650 $ 891,750
Utilities - 0.12%      
Electric Utilities - 0.12%      
PPL Corp., 9.500%   15,000 831,000
TOTAL PREFERRED SECURITIES (Cost $1,687,510) $ 1,722,750
CONVERTIBLE BONDS - 1.31%      
Financials - 0.21%      
Capital Markets - 0.21%      
Janus Capital Group, Inc. 3.250%, 07/15/2014 $ 1,472,000 $ 1,433,360
Industrials - 0.38%      
Industrial Conglomerates - 0.38%      
Textron, Inc., Series TXT 4.500%, 05/01/2013 1,696,000 2,550,360
Telecommunication Services - 0.72%      
Communications Equipment - 0.72%      
Alcatel-Lucent USA, Inc. 2.875%, 06/15/2025 5,304,000 4,899,570
TOTAL CONVERTIBLE BONDS (Cost $8,112,853)   $ 8,883,290
SECURITIES LENDING COLLATERAL - 20.24%  
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   13,768,308 137,754,674
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $137,765,187)     $ 137,754,674
SHORT-TERM INVESTMENTS - 7.46%    
Money Market Funds - 7.46%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0000% (Y) $ 2,721,781 $ 2,721,781
T. Rowe Price Prime Reserve      
Fund, 0.1383% (Y)   48,022,213 48,022,213
 
      50,743,994
TOTAL SHORT-TERM INVESTMENTS (Cost $50,743,994) $ 50,743,994
Total Investments (Mid Value Trust)      
(Cost $831,765,318) - 119.96%     $ 816,294,737
Other assets and liabilities, net - (19.96%)   (135,821,737)
TOTAL NET ASSETS - 100.00%     $ 680,473,000
 
 
Money Market Trust      
    Shares or  
    Principal  
    Amount Value
COMMERCIAL PAPER * - 49.03%      
American Honda Finance Corp.      
0.110%, 10/11/2011 $ 54,625,000 $ 54,623,331
Australia & New Zealand Banking Group Ltd    
0.110%, 10/03/2011   175,000,000 174,999,028
Bank of Montreal 0.120%, 10/19/2011   50,000,000 49,997,000
Bank of Montreal 0.090%, 10/24/2011   50,000,000 49,997,125

 

Money Market Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COMMERCIAL PAPER * (continued)      
Bank of Montreal 0.060%, 10/05/2011 $ 74,475,000 $ 74,474,503
Bank of Nova Scotia 0.060%, 10/21/2011   12,900,000 12,899,570
Bank of Nova Scotia 0.060%, 10/24/2011   75,000,000 74,997,125
Bank of Nova Scotia 0.060%, 10/27/2011   13,345,000 13,344,422
Barclays U.S. Funding LLC      
0.800%, 10/03/2011   5,700,000 5,699,975
Barclays U.S. Funding LLC      
0.100%, 10/03/2011   176,760,000 176,759,018
Barclays U.S. Funding LLC      
0.100%, 10/05/2011   12,000,000 11,999,867
Colgate Palmolive Company      
0.030%, 10/13/2011   40,000,000 39,999,600
Colgate Palmolive Company      
0.030%, 10/21/2011   41,590,000 41,589,307
Deutsche Bank Financial LLC      
0.180%, 10/04/2011   125,000,000 124,998,125
Deutsche Bank Financial LLC      
0.180%, 10/06/2011   60,000,000 59,998,500
General Electric Capital Corp.      
0.020%, 10/20/2011   43,630,000 43,629,539
Govco LLC 0.150%, 10/18/2011   102,000,000 101,992,775
JPMorgan Chase & Company      
0.010%, 10/04/2011   125,000,000 124,999,896
JPMorgan Chase & Company      
0.010%, 10/07/2011   50,000,000 49,999,917
Nestle Capital Corp. 0.010%, 10/25/2011   10,000,000 9,999,933
Old Line Funding LLC 0.170%, 11/18/2011 13,400,000 13,396,963
Old Line Funding LLC 0.160%, 10/04/2011 50,000,000 49,999,333
Procter & Gamble International Funding      
0.060%, 10/20/2011   26,400,000 26,399,164
Royal Bank of Canada 0.050%, 10/03/2011   75,000,000 74,999,792
Scotiabanc, Inc. 0.070%, 10/11/2011   60,000,000 59,998,833
Scotiabanc, Inc. 0.060%, 10/27/2011   25,000,000 24,998,917
Toronto-Dominion Holdings USA, Inc.      
0.040%, 10/24/2011   50,000,000 49,998,722
UBS Finance Deleware LLC      
0.120%, 10/05/2011   50,000,000 49,999,333
UBS Finance Deleware LLC      
0.110%, 10/11/2011   125,000,000 124,996,181
United Technologies Corp.      
0.070%, 10/25/2011   41,400,000 41,398,068
Wal-Mart Stores, Inc. 0.060%, 10/12/2011   22,570,000 22,569,586
Wal-Mart Stores, Inc. 0.050%, 10/17/2011   25,300,000 25,299,438
Wal-Mart Stores, Inc. 0.050%, 11/08/2011   15,000,000 14,999,208
Wal-Mart Stores, Inc. 0.040%, 10/24/2011   120,000,000 119,996,933
TOTAL COMMERCIAL PAPER (Cost $1,996,049,027) $ 1,996,049,027
 
CORPORATE INTEREST-BEARING OBLIGATIONS  
* - 3.69%      
Bank of Montreal 0.080%, 10/20/2011   25,000,000 25,000,000
Royal Bank of Canada 0.312%, 02/27/2012 (P) 75,000,000 75,000,000
Toronto-Dominion Bank 0.350%, 10/28/2011 50,000,000 50,000,000
TOTAL CORPORATE INTEREST-BEARING    
OBLIGATIONS (Cost $150,000,000)     $ 150,000,000
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS * - 46.52%      
U.S. Government - 9.91%      
U.S. Treasury Bill      
0.162%, 05/03/2012 to 06/28/2012   130,000,000 129,854,878
0.185%, 05/31/2012   30,000,000 29,962,537
0.187%, 06/28/2012   25,000,000 24,964,714
0.190%, 10/20/2011   8,900,000 8,899,108
0.205%, 05/03/2012   30,000,000 29,963,271
0.210%, 04/05/2012   50,000,000 49,945,458

 

277

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Money Market Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS * (continued)      
U.S. Government (continued)      
U.S. Treasury Bill (continued)      
0.290%, 04/05/2012 $ 100,000,000 $ 99,849,361
0.305%, 01/12/2012   30,000,000 29,973,821
U.S. Government Agency - 36.61%      
Bank of America Corp.      
1.147%, 12/02/2011 (J)(P)   35,925,000 35,984,034
Citigroup Funding, Inc.      
0.583%, 04/30/2012 (J)(P)   55,420,000 55,420,000
0.689%, 04/30/2012 (J)(P)   75,000,000 75,000,000
Federal Home Loan Bank      
0.110%, 04/02/2012   100,000,000 100,000,000
0.160%, 01/19/2012 (P)   110,000,000 110,000,000
0.330%, 09/18/2012   75,000,000 75,000,000
0.450%, 09/24/2012   56,000,000 56,000,000
Federal Home Loan Bank Discount Notes      
0.001%, 10/19/2011 to 10/26/2011   32,447,000 32,446,981
0.010%, 10/05/2011 to 11/02/2011   103,633,000 103,632,443
Federal Home Loan Mortgage Corp.      
1.250%, 05/03/2012   45,000,000 45,271,467
Federal Home Loan Mortgage Corp.      
Discount Notes      
0.001%, 10/12/2011   125,000,000 124,999,962
0.005%, 11/21/2011   17,350,000 17,349,877
0.010%, 11/21/2011   24,775,000 24,774,649
0.030%, 11/21/2011   10,400,000 10,399,558
Federal National Mortgage Association      
Discount Notes      
0.001%, 10/26/2011   52,860,000 52,859,963
0.005%, 10/05/2011 to 11/23/2011   145,165,000 145,164,783
0.010%, 11/23/2011   16,800,000 16,799,753
General Electric Capital Corp.      
1.267%, 12/09/2011 (J)(P)   223,315,000 223,736,281
JPMorgan Chase & Company      
0.981%, 12/02/2011 (J)(P)   75,000,000 75,103,449
Morgan Stanley 1.176%, 12/01/2011 (J)(P)   64,975,000 65,077,377
State Street Corp. 2.150%, 04/30/2012 (J)   45,000,000 45,515,657
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $1,893,949,382)   $ 1,893,949,382
 
FOREIGN GOVERNMENT      
OBLIGATIONS * - 1.05%      
Province of Ontario, Canada      
0.080%, 11/16/2011   28,895,000 28,892,046
Province of Quebec, Canada      
0.100%, 11/21/2011   13,850,000 13,848,038
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $42,740,084)   $ 42,740,084
Total Investments (Money Market Trust)      
(Cost $4,082,738,493) - 100.29%   $ 4,082,738,493
Other assets and liabilities, net - (0.29%)     (11,781,680)
TOTAL NET ASSETS - 100.00%   $ 4,070,956,813
 
 
 
Money Market Trust B      
    Shares or  
    Principal  
    Amount Value
 
 
COMMERCIAL PAPER * - 52.49%      
Australia & New Zealand Banking Group Ltd      
0.100%, 10/03/2011 $ 25,000,000 $ 24,999,861

 

Money Market Trust B (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMERCIAL PAPER * (continued)      
Bank of Montreal 0.060%, 10/04/2011 $ 25,000,000 $ 24,999,875
Barclays U.S. Funding LLC      
0.100%, 10/03/2011   25,000,000 24,999,861
Barclays U.S. Funding LLC      
0.060%, 10/03/2011   3,000,000 2,999,990
Colgate Palmolive Company      
0.030%, 10/13/2011   10,000,000 9,999,900
Colgate Palmolive Company      
0.030%, 10/21/2011   8,000,000 7,999,867
Deutsche Bank Financial LLC      
0.180%, 10/04/2011   25,000,000 24,999,625
Govco LLC 0.150%, 10/18/2011   25,000,000 24,998,229
JPMorgan Chase & Company      
0.010%, 10/03/2011   25,000,000 24,999,986
Novartis Finance Corp. 0.050%, 10/03/2011 8,500,000 8,499,976
Pfizer Inc 0.030%, 10/04/2011   25,000,000 24,999,938
Scotiabanc, Inc. 0.075%, 10/20/2011   21,000,000 20,999,169
Scotiabanc, Inc. 0.070%, 10/19/2011   3,725,000 3,724,870
UBS Finance Deleware LLC      
0.080%, 10/07/2011   25,000,000 24,999,667
United Technologies Corp.      
0.060%, 10/24/2011   4,370,000 4,369,832
Wal-Mart Stores, Inc. 0.060%, 10/12/2011   25,000,000 24,999,542
Westpac Banking Corp. 0.100%, 10/05/2011 9,680,000 9,679,892
Westpac Banking Corp. 0.080%, 10/03/2011 15,000,000 14,999,933
TOTAL COMMERCIAL PAPER (Cost $308,270,013) $ 308,270,013
 
CORPORATE INTEREST-BEARING OBLIGATIONS  
* - 2.90%      
Royal Bank of Canada 0.312%, 02/27/2012 (P) 10,000,000 10,000,000
Toronto-Dominion Bank 0.350%, 10/28/2011 7,000,000 7,000,000
TOTAL CORPORATE INTEREST-BEARING    
OBLIGATIONS (Cost $17,000,000)   $ 17,000,000
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS * - 40.03%      
U.S. Government - 13.77%      
U.S. Treasury Bill      
0.162%, 05/03/2012   5,000,000 4,995,148
0.162%, 06/28/2012   15,000,000 14,981,651
0.185%, 05/31/2012   10,000,000 9,987,513
0.187%, 06/28/2012   5,000,000 4,992,943
0.190%, 10/20/2011   3,000,000 2,999,699
0.205%, 05/03/2012   8,000,000 7,990,205
0.210%, 04/05/2012   10,000,000 9,989,092
0.290%, 04/05/2012   15,000,000 14,977,404
0.305%, 01/12/2012   10,000,000 9,991,274
U.S. Government Agency - 26.26%      
Bank of America Corp.      
1.147%, 12/02/2011 (J)(P)   6,075,000 6,084,983
Citigroup Funding, Inc.      
0.689%, 04/30/2012 (J)(P)   15,000,000 15,000,000
Federal Home Loan Bank      
0.110%, 04/02/2012   10,000,000 10,000,000
0.160%, 01/19/2012 (P)   20,000,000 20,000,000
0.330%, 09/18/2012   10,000,000 10,000,000
0.450%, 09/24/2012   4,000,000 4,000,000
Federal Home Loan Mortgage Corp.      
1.250%, 05/03/2012   5,000,000 5,030,163
Federal National Mortgage Association      
Discount Note 0.010%, 11/09/2011   4,670,000 4,669,949
General Electric Capital Corp.      
1.267%, 12/09/2011 (J)(P)   50,015,000 50,108,585
JPMorgan Chase & Company      
0.981%, 12/02/2011 (J)(P)   10,000,000 10,013,793

 

278

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Money Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS * (continued)      
U.S. Government Agency (continued)      
Morgan Stanley 1.176%, 12/01/2011 (J)(P) $ 14,220,000 $ 14,242,218
State Street Corp. 2.150%, 04/30/2012 (J)   5,000,000 5,057,295
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $235,111,915)   $ 235,111,915
 
FOREIGN GOVERNMENT      
OBLIGATIONS * - 3.53%      
Province of Quebec, Canada      
0.060%, 10/03/2011   20,745,000 20,744,931
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $20,744,931)   $ 20,744,931
Total Investments (Money Market Trust B)    
(Cost $581,126,859) - 98.95%   $ 581,126,859
Other assets and liabilities, net - 1.05%     6,170,051
TOTAL NET ASSETS - 100.00%   $ 587,296,910
 
 
 
Mutual Shares Trust      
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 83.78%      
Consumer Discretionary - 7.28%      
 
Automobiles      
Daimler AG   60,108 $ 2,662,442
General Motors Company (I)   186,260 3,758,727
 
      6,421,169
 
Household Durables      
D.R. Horton, Inc. (L)   142,250 1,285,940
 
Leisure Equipment & Products      
Mattel, Inc.   145,622 3,770,154
 
Media      
British Sky Broadcasting Group PLC   442,304 4,541,001
News Corp., Class A   521,356 8,065,377
Time Warner Cable, Inc.   122,982 7,707,282
Time Warner, Inc. (L)   84,839 2,542,625
Viacom, Inc., Class B   176,230 6,827,150
 
      29,683,435
      41,160,698
Consumer Staples - 21.70%      
 
Beverages      
Coca-Cola Enterprises, Inc.   135,677 3,375,644
Dr. Pepper Snapple Group, Inc. (L)   136,908 5,309,292
Foster’s Group, Ltd. (I)   582,174 2,955,493
PepsiCo, Inc.   67,542 4,180,850
Pernod-Ricard SA   95,951 7,523,351
 
      23,344,630
 
Food & Staples Retailing      
CVS Caremark Corp.   463,662 15,569,770
The Kroger Company   305,914 6,717,871
Wal-Mart Stores, Inc.   71,034 3,686,665
 
      25,974,306

 

Mutual Shares Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
Food Products    
General Mills, Inc. (L) 145,721 $ 5,605,887
Kraft Foods, Inc., Class A 348,615 11,706,492
Nestle SA 106,907 5,876,712
 
    23,189,091
 
Tobacco    
Altria Group, Inc. 339,476 9,101,352
British American Tobacco PLC 349,920 14,831,341
Imperial Tobacco Group PLC 363,550 12,277,269
Lorillard, Inc. 47,436 5,251,165
Philip Morris International, Inc. 69,721 4,349,196
Reynolds American, Inc. (L) 118,176 4,429,236
 
    50,239,559
 
    122,747,586
Energy - 7.75%    
 
Energy Equipment & Services    
Ensco International PLC, ADR 50,628 2,046,890
Exterran Holdings, Inc. (I)(L) 63,948 621,575
Transocean, Ltd. 119,670 5,713,046
 
    8,381,511
 
Oil, Gas & Consumable Fuels    
Apache Corp. 72,880 5,847,891
BP PLC 460,468 2,761,844
Marathon Oil Corp. 367,603 7,932,873
Marathon Petroleum Corp. 103,746 2,807,367
Murphy Oil Corp. 71,510 3,157,882
Royal Dutch Shell PLC, A Shares 289,016 8,973,572
The Williams Companies, Inc. 163,116 3,970,243
 
    35,451,672
 
    43,833,183
Financials - 12.66%    
 
Capital Markets    
Morgan Stanley 313,802 4,236,327
UBS AG (Swiss Exchange) (I) 252,743 2,877,042
 
    7,113,369
 
Commercial Banks    
Bond Street Holdings LLC, Class A (I)(S) 60,504 1,240,332
CIT Group, Inc. (I) 57,512 1,746,639
Guaranty Bancorp (I) 21,927 26,312
KB Financial Group, Inc. 45,036 1,470,855
PNC Financial Services Group, Inc. 165,734 7,986,721
Wells Fargo & Company 125,110 3,017,653
 
    15,488,512
 
Diversified Financial Services    
AET&D Holdings No 1, Ltd. 534,996 10,354
Bank of America Corp. 504,892 3,089,939
Cerberus Investors I LLC (R) 769,345 100,015
Cerberus Investors II LLC (R) 769,332 100,013
Cerberus Investors III LLC (R) 384,718 50,013
Deutsche Boerse AG (I) 53,747 2,698,949
NYSE Euronext 98,595 2,291,348
 
    8,340,631
 
Insurance    
ACE, Ltd. 110,872 6,718,843
Alleghany Corp. (I) 9,004 2,597,654
American International Group, Inc. (I)(L) 220,070 4,830,537
CNO Financial Group, Inc. (I) 140,706 761,219
MetLife, Inc. 105,600 2,957,856
Old Republic International Corp. (L) 276,014 2,462,045

 

279

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Mutual Shares Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
Insurance (continued)    
White Mountains Insurance Group, Ltd. (L) 20,381 $ 8,269,591
Zurich Financial Services AG (I) 15,769 3,264,592
 
    31,862,337
 
Real Estate Investment Trusts    
Alexander’s, Inc. 13,593 4,907,345
Weyerhaeuser Company 71,637 1,113,955
 
    6,021,300
 
Real Estate Management & Development    
Canary Wharf Group PLC (I) 555,649 2,060,300
Forestar Group, Inc. (I)(L) 64,569 704,448
 
    2,764,748
    71,590,897
Health Care - 12.35%    
 
Biotechnology    
Amgen, Inc. 148,791 8,176,065
Cephalon, Inc. (I) 26,440 2,133,708
 
    10,309,773
 
Health Care Equipment & Supplies    
Boston Scientific Corp. (I) 634,564 3,750,273
Medtronic, Inc. 216,315 7,190,311
 
    10,940,584
 
Health Care Providers & Services    
Community Health Systems, Inc. (I)(L) 58,797 978,382
Coventry Health Care, Inc. (I) 77,285 2,226,581
Tenet Healthcare Corp. (I)(L) 850,914 3,514,275
UnitedHealth Group, Inc. 139,555 6,436,277
 
    13,155,515
 
Pharmaceuticals    
Eli Lilly & Company 193,008 7,135,506
Merck & Company, Inc. 422,960 13,835,022
Pfizer, Inc. 649,035 11,474,939
Teva Pharmaceutical Industries, Ltd., ADR 81,510 3,033,802
 
    35,479,269
    69,885,141
Industrials - 4.54%    
 
Aerospace & Defense    
GenCorp, Inc. (I)(L) 92,209 414,018
Huntington Ingalls Industries, Inc. (I) 100,004 2,433,097
Raytheon Company (L) 155,320 6,347,928
 
    9,195,043
 
Air Freight & Logistics    
PostNL NV 153,448 671,951
TNT Express NV 144,924 999,952
 
    1,671,903
 
Building Products    
Owens Corning, Inc. (I) 154,185 3,342,731
 
Industrial Conglomerates    
Orkla ASA 138,169 1,051,242
 
Machinery    
Federal Signal Corp. (L) 140,014 618,862
Oshkosh Corp. (I)(L) 120,640 1,898,874
Stanley Black & Decker, Inc. 52,807 2,592,824
 
    5,110,560

 

Mutual Shares Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
Marine    
A P Moller Maersk A/S, Series A 900 $ 5,297,542
 
    25,669,021
Information Technology - 7.76%    
Communications Equipment    
Cisco Systems, Inc. 390,500 6,048,845
Motorola Mobility Holdings, Inc. (I) 76,460 2,888,659
 
    8,937,504
Electronic Equipment, Instruments & Components  
TE Connectivity, Ltd. 158,060 4,447,808
Internet Software & Services    
Google, Inc., Class A (I) 6,210 3,194,300
Office Electronics    
Xerox Corp. 1,111,434 7,746,695
Semiconductors & Semiconductor Equipment    
LSI Corp. (I) 314,914 1,631,255
Software    
Microsoft Corp. 505,286 12,576,569
Nintendo Company, Ltd. 13,665 1,990,420
Symantec Corp. (I) 207,960 3,389,748
 
    17,956,737
 
    43,914,299
Materials - 3.67%    
Chemicals    
Linde AG 39,957 5,329,169
Metals & Mining    
ThyssenKrupp AG 173,634 4,261,838
Paper & Forest Products    
Domtar Corp. (L) 29,670 2,022,604
International Paper Company 278,463 6,474,265
MeadWestvaco Corp. 108,391 2,662,083
 
    11,158,952
 
    20,749,959
Telecommunication Services - 2.08%    
Diversified Telecommunication Services    
Cable & Wireless Communications PLC 2,440,931 1,405,300
Wireless Telecommunication Services    
Vodafone Group PLC 4,010,318 10,356,027
 
    11,761,327
Utilities - 3.99%    
Electric Utilities    
Brookfield Infrastructure Partners LP 58,078 1,413,619
E.ON AG 224,321 4,892,201
Entergy Corp. 35,773 2,371,392
Exelon Corp. (L) 132,935 5,664,360
 
    14,341,572
Independent Power Producers & Energy Traders    
NRG Energy, Inc. (I) 223,289 4,735,960
Multi-Utilities    
GDF Suez 116,226 3,472,056
 
    22,549,588
TOTAL COMMON STOCKS (Cost $505,332,086) $ 473,861,699

 

280

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Mutual Shares Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS - 1.45%      
Consumer Discretionary - 0.17%      
Clear Channel Communications, Inc.      
9.000%, 03/01/2021 $ 343,000 $ 254,678
Clear Channel Communications, Inc., PIK      
11.000%, 08/01/2016   1,404,000 709,020
Tropicana Entertainment LLC      
9.625%, 12/15/2014 (H)   1,180,000 0
 
      963,698
Consumer Staples - 0.24%      
Rite Aid Corp.      
9.375%, 12/15/2015 (I)   831,000 714,660
8.625%, 03/01/2015   714,000 633,675
 
      1,348,335
Energy - 0.29%      
OPTI Canada, Inc.      
9.000%, 12/15/2012 (S)   650,000 659,750
9.750%, 08/15/2013 (S)   949,000 963,235
 
      1,622,985
Financials - 0.05%      
Realogy Corp.      
7.875%, 02/15/2019 (S)   351,000 265,005
Industrials - 0.00%      
Northwest Airlines, Inc., Escrow Certificates    
01/16/2017 (I)   170,000 0
Utilities - 0.70%      
NRG Energy, Inc.      
7.375%, 01/15/2017   665,000 685,781
Texas Competitive Electric Holdings      
Company LLC      
11.500%, 10/01/2020 (S)   4,128,000 3,302,400
 
      3,988,181
TOTAL CORPORATE BONDS (Cost $10,091,018) $ 8,188,204
 
TERM LOANS (M) - 2.83%      
Consumer Discretionary - 0.91%      
Clear Channel Communications, Inc.      
3.889%, 01/28/2016   3,905,000 2,773,038
3.889%, 01/28/2016   778,221 537,945
3.889%, 01/29/2016   665,000 467,163
Tribune Company      
- 06/04/2014 (H)   2,154,000 1,167,873
- 06/04/2014 (H)   340,000 179,350
 
      5,125,369
Financials - 1.04%      
Realogy Corp.      
4.522%, 10/10/2016   5,849,214 4,754,926
0.934%, 04/10/2016   604,143 475,762
13.500%, 10/15/2017   219,000 213,744
4.436%, 10/10/2013   542,897 441,330
 
      5,885,762
Utilities - 0.88%      
Boston Generating LLC      
- 12/20/2013 (H)   16,093 3,701
- 12/20/2013 (H)   266 61
- 12/20/2013 (H)   701 161
Texas Competitive Electric Holdings      
Company LLC      
4.750%, 10/10/2017   7,466,240 4,990,718
 
      4,994,641
TOTAL TERM LOANS (Cost $18,858,643)   $ 16,005,772

 

Mutual Shares Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
RIGHTS - 0.01%      
Sanofi (Expiration Date: 12/31/2020, Strike    
Price: EUR 2.00) (I)(L)   90,996 $ 96,456
TOTAL RIGHTS (Cost $202,011)     $ 96,456
 
SECURITIES LENDING COLLATERAL - 5.45%  
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   3,081,690 30,832,928
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $30,832,013)     $ 30,832,928
 
SHORT-TERM INVESTMENTS - 8.19%    
Repurchase Agreement - 2.02%      
Repurchase Agreement with State Street Corp.    
dated 09/30/2011 at 0.010% to be      
repurchased at $11,413,010 on 10/03/2011,    
collateralized by $11,650,000 Federal Home    
Loan Mortgage Corp., 0.010% due      
04/10/2012 (valued at $11,644,175      
including interest) $ 11,413,000 $ 11,413,000
U.S. Government & Agency      
Obligations* - 0.87%      
Federal Home Loan Bank Discount Notes,      
0.01%, 10/03/2011   4,900,000 4,900,000
U.S. Government* - 5.30%      
U.S. Treasury Bill      
0.075%, 11/25/2011   3,000,000 2,999,868
0.100%, 10/27/2011   5,000,000 4,999,935
0.030%, 02/23/2012   5,000,000 4,999,365
0.001%, 12/22/2011   2,000,000 1,999,924
0.060%, 01/05/2012   5,000,000 4,999,780
0.015%, 03/22/2012   10,000,000 9,997,630
 
      29,996,502
TOTAL SHORT-TERM INVESTMENTS (Cost $46,310,045) $ 46,309,502
Total Investments (Mutual Shares Trust)      
(Cost $611,625,816) - 101.71%     $ 575,294,561
Other assets and liabilities, net - (1.71%)     (9,692,562)
 
TOTAL NET ASSETS - 100.00%     $ 565,601,999
 
 
 
Natural Resources Trust      
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 93.44%      
Energy - 55.31%      
Energy Equipment & Services - 3.02%      
Cameron International Corp. (I)   11,500 $ 477,710
Dril-Quip, Inc. (I)   3,200 172,512
National Oilwell Varco, Inc.   31,000 1,587,820
Noble Corp. (I)   62,700 1,840,245
Tidewater, Inc. (L)   44,000 1,850,200
 
      5,928,487
Oil, Gas & Consumable Fuels - 52.29%      
Alpha Natural Resources, Inc. (I)   106,100 1,876,909
BG Group PLC   468,652 8,924,212
BP PLC, ADR   190,773 6,881,182
Canadian Natural Resources, Ltd.   170,439 5,004,684
Chesapeake Energy Corp. (L)   217,236 5,550,380
Chevron Corp.   50,700 4,690,764
Consol Energy, Inc.   94,542 3,207,810

 

281

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Natural Resources Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Encana Corp. (L) 125,108 $ 2,408,081
EOG Resources, Inc. 81,048 5,755,218
Exxon Mobil Corp. 90,100 6,543,963
Husky Energy, Inc. 28,200 610,610
Imperial Oil, Ltd. 184,100 6,647,851
Occidental Petroleum Corp. 30,300 2,166,450
Oil Search, Ltd. 530,070 2,860,687
Petroleo Brasileiro SA, ADR 280,404 6,295,070
Pioneer Natural Resources Company 57,000 3,748,890
Reliance Industries, Ltd. 166,067 2,695,732
Reliance Industries, Ltd., GDR (S) 5,128 166,968
Reliance Industries, Ltd., GDR    
(London Exchange) (S) 69,668 2,238,894
Sasol, Ltd. (L) 28,800 1,169,280
Southwestern Energy Company (I) 144,300 4,809,519
Statoil ASA, ADR (L) 277,500 5,980,125
Suncor Energy, Inc. 211,756 5,407,568
Tesoro Corp. (I)(L) 176,300 3,432,561
Ultra Petroleum Corp. (I)(L) 117,400 3,254,328
Whiting Petroleum Corp. (I) 13,500 473,580
 
    102,801,316
    108,729,803
Industrials - 2.13%    
Industrial Conglomerates - 2.13%    
Beijing Enterprises Holdings, Ltd. 837,253 4,189,582
Materials - 36.00%    
Chemicals - 2.50%    
LyondellBasell Industries NV, Class A 74,900 1,829,807
Sumitomo Chemical Company, Ltd. 298,000 1,146,140
The Mosaic Company 39,400 1,929,418
 
    4,905,365
Construction Materials - 1.36%    
CRH PLC (London Exchange) 171,963 2,683,373
Metals & Mining - 32.04%    
Alumina, Ltd. 3,476,324 4,860,650
Anglo Platinum, Ltd. 60,790 4,154,779
AngloGold Ashanti, Ltd., ADR (L) 54,765 2,265,080
ArcelorMittal 46,100 733,451
Barrick Gold Corp. 85,700 4,016,344
BHP Billiton PLC 74,471 1,973,331
Compania de Minas Buenaventura SA, ADR 125,200 4,725,048
First Quantum Minerals, Ltd. 285,000 3,794,017
Fortescue Metals Group, Ltd. 392,385 1,626,622
Glencore International PLC (L) 748,755 4,634,240
Gold Fields, Ltd. 129,358 1,988,715
Goldcorp, Inc. 113,000 5,183,615
Kinross Gold Corp. 424,500 6,274,110
Mongolian Mining Corp. (I) 3,330,000 2,972,428
Newcrest Mining, Ltd. 59,852 1,972,400
Teck Resources, Ltd., Class B 121,126 3,535,668
Vale SA, ADR (L) 158,464 3,327,743
Vedanta Resources PLC 291,249 4,959,586
 
    62,997,827
Paper & Forest Products - 0.10%    
Sino-Forest Corp. (I)(L) 276,300 190,237
 
    70,776,802
TOTAL COMMON STOCKS (Cost $227,439,073) $ 183,696,187

 

Natural Resources Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
WARRANTS - 1.30%      
NMDC, Ltd. (Expiration date: 03-25-15, Strike    
Price: INR 0.00001) (I)   551,053 2,556,298
TOTAL WARRANTS (Cost $3,646,865)     $ 2,556,298
 
SECURITIES LENDING COLLATERAL - 13.00%  
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   2,555,115 25,564,436
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $25,563,737)     $ 25,564,436
 
SHORT-TERM INVESTMENTS - 4.99%    
Repurchase Agreement - 4.99%      
Deutsche Bank Repurchase Agreement dated    
9/30/11 at 0.050% to be repurchased at      
$9,800,041 on 10/3/11, collateralized by      
$9,959,736 Government National Mortgage    
Association, 5.000% due 4/15/40 (valued at    
$9,996,000, including interest) $ 9,800,000 $ 9,800,000
TOTAL SHORT-TERM INVESTMENTS (Cost $9,800,000) $ 9,800,000
Total Investments (Natural Resources Trust)    
(Cost $266,449,675) - 112.73%     $ 221,616,921
Other assets and liabilities, net - (12.73%)   (25,019,648)
 
TOTAL NET ASSETS - 100.00%     $ 196,597,273
 
 
 
New Income Trust      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 52.87%      
U.S. Government - 16.48%      
U.S. Treasury Bonds      
2.625%, 04/30/2016 $ 50,305,000 $ 54,349,069
4.625%, 02/15/2040   70,770,000 94,842,840
6.750%, 08/15/2026   5,665,000 8,714,362
U.S. Treasury Notes      
1.250%, 03/15/2014   45,335,000 46,323,303
1.750%, 08/15/2012   131,795,000 133,586,621
2.125%, 08/15/2021   63,590,000 64,822,374
2.250%, 05/31/2014   25,575,000 26,833,776
2.625%, 08/15/2020 (L)   22,665,000 24,308,213
U.S. Treasury Strips, PO      
2.124%, 05/15/2021   220,000 180,525
 
      453,961,083
U.S. Government Agency - 36.39%      
Federal Home Loan Bank      
4.500%, 11/15/2012   825,000 862,785
5.250%, 06/18/2014   510,000 574,298
Federal Home Loan Mortgage Corp.      
2.475%, 07/01/2035 (P)   30,048 31,832
2.476%, 07/01/2035 (P)   52,523 55,198
2.491%, 01/01/2036 (P)   150,004 157,010
2.508%, 02/01/2035 (P)   91,303 96,049
2.551%, 10/01/2036 (P)   252,724 265,820
2.785%, 09/01/2032 (P)   2,661 2,758
4.000%, 06/01/2026 to 02/15/2041   36,315,855 38,116,234
4.347%, 06/01/2037 (P)   336,874 352,678
4.500%, 11/01/2018 to 12/01/2040   59,043,585 62,799,829
4.580%, 06/01/2038 (P)   96,125 100,191
4.683%, 07/01/2038 (P)   148,267 155,281

 

282

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)      
Federal Home Loan Mortgage Corp. (continued)    
4.987%, 11/01/2035 (P) $ 71,458 $ 75,480
5.000%, 10/01/2018 to 05/01/2041   40,631,216 43,653,615
5.054%, 03/01/2036 (P)   168,939 180,395
5.080%, 09/01/2035 (P)   68,938 73,131
5.125%, 07/15/2012   2,180,000 2,264,429
5.134%, 02/01/2037 (P)   128,345 135,888
5.350%, 02/01/2037 (P)   331,823 350,901
5.353%, 02/01/2038 (P)   201,114 213,323
5.362%, 04/01/2037 (P)   213,398 225,089
5.383%, 05/01/2037 (P)   70,481 74,833
5.424%, 01/01/2036 (P)   4,945 5,229
5.500%, 03/01/2018 to 10/01/2038   3,369,030 3,647,119
5.724%, 02/01/2037 (P)   50,197 52,943
5.933%, 12/01/2036 (P)   197,352 213,407
5.971%, 10/01/2036 (P)   245,328 265,420
5.997%, 01/01/2037 (P)   62,420 65,185
6.000%, 11/01/2011 to 08/01/2038   1,929,317 2,111,900
6.051%, 11/01/2036 (P)   124,591 133,767
6.092%, 10/01/2036 (P)   211,269 229,821
6.257%, 08/01/2036 (P)   192,440 208,619
6.500%, 05/01/2017 to 03/01/2037   833,906 927,893
7.000%, 02/01/2024 to 06/01/2032   15,373 17,429
7.500%, 05/01/2024 to 06/01/2024   2,275 2,558
10.500%, 05/01/2019   108 126
Federal National Mortgage Association      
1.821%, 10/01/2033 (P)   53,753 55,220
2.338%, 07/01/2035 (P)   43,212 45,201
2.382%, 07/01/2036 (P)   308,218 321,484
2.473%, 11/01/2035 (P)   87,503 92,381
2.491%, 08/01/2036 (P)   167,107 173,279
2.687%, 07/01/2027 (P)   780 801
3.500%, 11/01/2025   6,716,822 7,050,448
3.875%, 07/12/2013   2,155,000 2,288,466
4.000%, 06/01/2025 to 07/01/2041   73,842,678 77,719,567
4.375%, 09/15/2012 to 10/15/2015   1,185,000 1,310,382
4.500%, 05/01/2019 to 08/01/2041   207,173,951 220,320,218
4.625%, 10/15/2014   660,000 738,442
4.712%, 09/01/2035 (P)   259,715 274,929
4.803%, 05/01/2038 (P)   95,379 100,721
4.850%, 05/01/2038 (P)   241,805 253,924
4.859%, 04/01/2038 (P)   105,101 111,142
4.875%, 12/15/2016   350,000 411,506
4.884%, 05/01/2038 (P)   277,066 293,150
4.915%, 08/01/2038 (P)   114,679 120,237
5.000%, 03/01/2018 to 07/01/2041   160,474,087 173,037,748
5.243%, 12/01/2035 (P)   13,549 14,302
5.244%, 12/01/2035 (P)   56,379 59,555
5.391%, 06/01/2037 (P)   88,894 94,861
5.437%, 12/01/2035 (P)   14,307 15,277
5.441%, 09/01/2037 (P)   51,744 55,042
5.459%, 12/01/2035 (P)   24,540 25,822
5.467%, 01/01/2037 (P)   90,286 95,070
5.471%, 01/01/2019 (P)   613 652
5.500%, 07/01/2013 to 05/01/2040   159,766,654 173,914,244
5.741%, 08/01/2037 (P)   85,266 90,108
5.929%, 12/01/2036 (P)   123,631 129,711
5.981%, 09/01/2036 (P)   103,799 111,575
6.000%, 09/01/2017 to 04/01/2040   79,352,416 87,271,449
6.500%, 06/01/2013 to 01/01/2039   16,612,768 18,358,134
7.000%, 12/01/2029 to 04/01/2037   58,560 66,212
Government National      
Mortgage Association      
4.500%, 01/15/2019 to 11/20/2040   19,143,030 20,781,822

 

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)      
5.000%, 01/15/2019 to 05/20/2040 $ 10,551,091 $ 11,594,219
5.500%, 02/15/2029 to 12/20/2039   19,704,369 21,914,154
6.000%, 11/15/2012 to 07/20/2039   15,919,780 17,714,259
6.500%, 12/15/2014 to 09/15/2038   4,381,007 4,905,875
7.000%, 04/15/2017 to 10/20/2036   1,471,719 1,683,827
9.250%, 10/15/2016 to 12/15/2019   3,355 3,822
9.750%, 07/15/2017 to 02/15/2021   3,127 3,635
10.250%, 11/15/2020   1,696 2,061
11.750%, 08/15/2013   540 580
12.000%, 12/15/2012   45 48
12.250%, 03/15/2014 to 06/20/2015   527 588
12.750%, 12/20/2013 to 11/20/2014   655 736
 
      1,002,325,349
TOTAL U.S. GOVERNMENT & AGENCY    
OBLIGATIONS (Cost $1,406,358,933)   $ 1,456,286,432
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 2.36%      
Bermuda - 0.04%      
Government of Bermuda      
5.603%, 07/20/2020 (S)   1,000,000 1,080,000
Brazil - 0.83%      
Federative Republic of Brazil      
4.875%, 01/22/2021   1,000,000 1,069,000
5.625%, 01/07/2041   3,450,000 3,717,375
6.000%, 05/15/2015 to 05/15/2017 BRL 13,011,000 15,014,244
10.000%, 01/01/2017 to 01/01/2021   5,833,000 2,950,046
 
      22,750,665
Chile - 0.07%      
Republic of Chile      
3.875%, 08/05/2020 $ 1,820,000 1,897,350
Mexico - 1.03%      
Government of Mexico      
5.625%, 01/15/2017   4,100,000 4,567,400
8.500%, 12/13/2018 to 11/18/2038 MXN 295,750,000 23,725,645
 
      28,293,045
Netherlands - 0.01%      
MDC-GMTN B.V.      
5.750%, 05/06/2014 (S) $ 350,000 378,063
Poland - 0.08%      
Republic of Poland      
3.875%, 07/16/2015   2,190,000 2,219,565
South Africa - 0.20%      
Republic of South Africa      
5.500%, 03/09/2020   3,715,000 4,063,282
6.500%, 06/02/2014   1,360,000 1,506,200
 
      5,569,482
Sweden - 0.10%      
Svensk Exportkredit AB      
5.125%, 03/01/2017   2,420,000 2,801,167
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $65,957,366)   $ 64,989,337
 
CORPORATE BONDS - 27.79%      
Consumer Discretionary - 2.66%      
ACE Hardware Corp.      
9.125%, 06/01/2016 (S)   1,175,000 1,219,063

 

283

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Advance Auto Parts, Inc.      
5.750%, 05/01/2020 $ 1,485,000 $ 1,653,850
Banque PSA Finance      
4.375%, 04/04/2016 (S)   4,000,000 3,833,132
British Sky Broadcasting Group PLC      
6.100%, 02/15/2018 (S)   3,390,000 3,754,259
9.500%, 11/15/2018 (S)   590,000 759,089
Comcast Corp.      
5.700%, 05/15/2018   2,115,000 2,446,968
COX Communications, Inc.      
8.375%, 03/01/2039 (S)   2,615,000 3,610,418
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
3.550%, 03/15/2015   1,080,000 1,126,894
5.875%, 10/01/2019   1,815,000 2,044,559
Grupo Televisa SAB      
6.625%, 01/15/2040   1,865,000 1,967,575
Historic TW, Inc.      
6.875%, 06/15/2018   3,120,000 3,684,386
Home Depot, Inc.      
5.400%, 03/01/2016   5,040,000 5,706,071
Hyatt Hotels Corp.      
3.875%, 08/15/2016   4,495,000 4,483,358
5.750%, 08/15/2015 (S)   4,020,000 4,286,349
NBCUniversal Media LLC      
5.150%, 04/30/2020   5,080,000 5,578,033
News America, Inc.      
4.500%, 02/15/2021   3,155,000 3,174,264
6.150%, 03/01/2037   3,620,000 3,876,622
6.400%, 12/15/2035   1,795,000 1,948,218
7.850%, 03/01/2039   190,000 235,415
Nielsen Finance LLC/Nielsen Finance      
Company      
11.500%, 05/01/2016   146,000 165,710
Nordstrom, Inc.      
6.750%, 06/01/2014   100,000 113,050
O’Reilly Automotive, Inc.      
4.875%, 01/14/2021   3,970,000 4,121,424
Omnicom Group, Inc.      
4.450%, 08/15/2020   575,000 580,892
6.250%, 07/15/2019   4,190,000 4,811,804
QVC, Inc.      
7.500%, 10/01/2019 (S)   400,000 426,000
Speedway Motorsports, Inc.      
8.750%, 06/01/2016   200,000 208,500
TCM Sub LLC      
3.550%, 01/15/2015 (S)   2,865,000 3,048,990
Time Warner Cable, Inc.      
5.500%, 09/01/2041   3,930,000 3,894,602
Unitymedia Hessen GmbH & Company      
KG/Unitymedia NRW GmbH      
8.125%, 12/01/2017 (S)   500,000 500,000
 
      73,259,495
Consumer Staples - 0.89%      
Altria Group, Inc.      
4.125%, 09/11/2015   3,475,000 3,721,214
4.750%, 05/05/2021   5,010,000 5,189,759
9.250%, 08/06/2019   1,280,000 1,679,715
Bunge Ltd. Finance Corp.      
4.100%, 03/15/2016   1,405,000 1,443,885
8.500%, 06/15/2019   1,365,000 1,702,633
Bunge NA Finance LP      
5.900%, 04/01/2017   870,000 951,050

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Coca-Cola Bottling Company      
5.000%, 11/15/2012 $ 590,000 $ 615,348
Delhaize Group SA      
6.500%, 06/15/2017   3,055,000 3,573,586
Reynolds American, Inc.      
7.250%, 06/01/2013   1,240,000 1,352,950
The Kroger Company      
5.400%, 07/15/2040   1,715,000 1,885,329
Wesfarmers, Ltd.      
2.983%, 05/18/2016 (S)   2,345,000 2,375,330
 
      24,490,799
Energy - 4.14%      
Antero Resources Finance Corp.      
7.250%, 08/01/2019 (S)   675,000 641,250
Apache Corp.      
5.100%, 09/01/2040   4,490,000 5,023,282
Boardwalk Pipelines LP      
5.500%, 02/01/2017   320,000 349,468
5.750%, 09/15/2019   415,000 463,732
BP Capital Markets PLC      
3.125%, 10/01/2015   2,800,000 2,894,808
Buckeye Partners LP      
4.875%, 02/01/2021   2,040,000 2,104,029
5.500%, 08/15/2019   2,465,000 2,701,894
Canadian Natural Resources, Ltd.      
5.150%, 02/01/2013   275,000 289,434
6.250%, 03/15/2038   4,125,000 4,902,649
6.450%, 06/30/2033   65,000 78,553
Centerpoint Energy Resources Corp.      
5.850%, 01/15/2041   1,035,000 1,130,208
Chesapeake Energy Corp.      
9.500%, 02/15/2015   1,000,000 1,127,500
Colorado Interstate Gas Company      
5.950%, 03/15/2015   125,000 136,624
Complete Production Services, Inc.      
8.000%, 12/15/2016   1,450,000 1,450,000
Concho Resources, Inc.      
8.625%, 10/01/2017   500,000 530,000
DCP Midstream LLC      
9.700%, 12/01/2013 (S)   740,000 848,589
DCP Midstream Operating LP      
3.250%, 10/01/2015   1,085,000 1,089,722
Diamond Offshore Drilling, Inc.      
4.875%, 07/01/2015   220,000 239,650
5.700%, 10/15/2039   1,880,000 2,097,994
5.875%, 05/01/2019   200,000 231,942
El Paso Natural Gas Company      
5.950%, 04/15/2017   98,000 110,322
Enbridge Energy Partners LP      
5.200%, 03/15/2020   465,000 495,412
5.500%, 09/15/2040   1,645,000 1,685,470
Ensco PLC      
3.250%, 03/15/2016   4,465,000 4,536,583
Enterprise Products Operating LLC      
3.200%, 02/01/2016   4,530,000 4,630,453
5.950%, 02/01/2041   1,250,000 1,344,326
7.550%, 04/15/2038   520,000 648,916
EOG Resources, Inc.      
5.875%, 09/15/2017   500,000 590,157
Gazprom OAO Via Gaz Capital SA      
7.288%, 08/16/2037   140,000 136,500
8.625%, 04/28/2034   2,365,000 2,719,750
Hess Corp.      
6.000%, 01/15/2040   2,325,000 2,658,486

 

284

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy (continued)      
Hess Corp. (continued)      
7.875%, 10/01/2029 $ 1,724,000 $ 2,324,499
8.125%, 02/15/2019   290,000 374,197
Inergy LP/Inergy Finance Corp.      
7.000%, 10/01/2018   1,775,000 1,668,500
Kinder Morgan Finance Company ULC      
5.700%, 01/05/2016   440,000 441,100
Kinder Morgan Kansas, Inc.      
6.500%, 09/01/2012   139,000 143,170
Magellan Midstream Partners LP      
4.250%, 02/01/2021   455,000 470,601
6.550%, 07/15/2019   355,000 419,944
Marathon Oil Corp.      
5.900%, 03/15/2018   580,000 676,443
6.600%, 10/01/2037   3,330,000 3,962,497
Nabors Industries, Inc.      
9.250%, 01/15/2019   3,790,000 4,799,463
National Gas Company of Trinidad &      
Tobago, Ltd.      
6.050%, 01/15/2036 (S)   100,000 93,000
Noble Energy, Inc.      
6.000%, 03/01/2041   2,665,000 2,983,361
NuStar Logistics LP      
4.800%, 09/01/2020   2,290,000 2,406,937
7.650%, 04/15/2018   185,000 220,886
Pemex Project Funding Master Trust      
5.750%, 03/01/2018   2,645,000 2,863,213
6.625%, 06/15/2035   2,340,000 2,509,650
Petrobras International Finance Company      
5.750%, 01/20/2020   1,805,000 1,873,590
5.875%, 03/01/2018   2,680,000 2,790,872
7.875%, 03/15/2019   2,366,000 2,744,560
Petroleos Mexicanos      
5.500%, 01/21/2021   985,000 1,034,250
6.500%, 06/02/2041 (S)   1,775,000 1,837,125
8.000%, 05/03/2019   200,000 244,000
Plains All American      
Pipeline LP/PAA Finance Corp.      
4.250%, 09/01/2012   295,000 303,276
5.750%, 01/15/2020   2,165,000 2,364,368
6.500%, 05/01/2018   1,315,000 1,515,687
Reliance Holdings USA, Inc.      
4.500%, 10/19/2020 (S)   1,690,000 1,552,850
Rowan Companies, Inc.      
5.000%, 09/01/2017   2,495,000 2,587,375
7.875%, 08/01/2019   360,000 425,548
SeaRiver Maritime, Inc.      
Zero Coupon, 09/01/2012 (Z)   475,000 466,134
Southeast Supply Header LLC      
4.850%, 08/15/2014 (S)   440,000 470,738
Southern Natural Gas Company      
5.900%, 04/01/2017 (S)   98,000 110,001
Swift Energy Company      
8.875%, 01/15/2020   250,000 262,500
Talisman Energy, Inc.      
3.750%, 02/01/2021   4,370,000 4,249,322
Valero Energy Corp.      
6.125%, 06/15/2017   4,510,000 5,021,831
9.375%, 03/15/2019   150,000 192,428
Weatherford International, Ltd.      
6.750%, 09/15/2040   2,095,000 2,239,553
9.625%, 03/01/2019   2,035,000 2,632,041
Williams Partners LP      
4.125%, 11/15/2020   2,275,000 2,260,577

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Energy (continued)      
Williams Partners LP (continued)      
6.300%, 04/15/2040 $ 2,365,000 $ 2,624,055
 
      114,047,845
Financials - 10.81%      
Aflac, Inc.      
8.500%, 05/15/2019   3,140,000 3,826,376
American International Group, Inc.      
4.250%, 09/15/2014   1,675,000 1,629,706
5.450%, 05/18/2017   810,000 776,188
Ameriprise Financial, Inc.      
7.300%, 06/28/2019   3,000,000 3,686,340
BAA Funding, Ltd.      
4.875%, 07/15/2021 (S)   4,280,000 4,350,997
Bank of America Corp.      
3.750%, 07/12/2016   4,825,000 4,392,646
5.650%, 05/01/2018   18,175,000 17,275,392
5.750%, 08/15/2016   205,000 189,856
Bank One Corp.      
5.250%, 01/30/2013   180,000 186,646
Barclays Bank PLC      
5.125%, 01/08/2020   3,205,000 3,144,743
5.200%, 07/10/2014   1,750,000 1,790,422
6.750%, 05/22/2019   380,000 411,001
Berkshire Hathaway Finance Corp.      
4.250%, 01/15/2021   3,280,000 3,447,008
4.600%, 05/15/2013   425,000 448,138
BPCE SA      
2.375%, 10/04/2013 (S)   4,320,000 4,204,138
Capital One Financial Corp.      
2.125%, 07/15/2014   3,110,000 3,080,331
7.375%, 05/23/2014   320,000 357,575
Citigroup, Inc.      
5.375%, 08/09/2020   2,650,000 2,749,110
6.125%, 05/15/2018   12,005,000 12,889,949
6.500%, 08/19/2013   3,635,000 3,825,499
8.500%, 05/22/2019   950,000 1,148,696
CNA Financial Corp.      
5.875%, 08/15/2020   2,665,000 2,741,861
Commonwealth Bank of Australia      
3.500%, 03/19/2015 (S)   3,465,000 3,550,883
3.750%, 10/15/2014 (S)   2,050,000 2,130,225
Crown Castle Towers LLC      
6.113%, 01/15/2020 (S)   3,988,000 4,488,147
Discover Bank      
8.700%, 11/18/2019   1,500,000 1,715,759
E*Trade Financial Corp.      
7.875%, 12/01/2015   675,000 654,750
ERAC USA Finance LLC      
2.250%, 01/10/2014 (S)   1,565,000 1,574,011
5.250%, 10/01/2020 (S)   3,300,000 3,619,582
Federal Realty Investment Trust      
5.900%, 04/01/2020   720,000 782,580
Fifth Third Bancorp      
3.625%, 01/25/2016   2,780,000 2,827,860
6.250%, 05/01/2013   1,655,000 1,752,488
8.250%, 03/01/2038   1,900,000 2,277,861
General Electric Capital Corp.      
2.100%, 01/07/2014   11,620,000 11,693,497
4.625%, 01/07/2021   5,620,000 5,841,068
5.300%, 02/11/2021   3,335,000 3,464,571
5.875%, 01/14/2038   695,000 714,082
6.875%, 01/10/2039   6,270,000 7,213,447
General Motors Financial Company, Inc.      
6.750%, 06/01/2018 (S)   1,400,000 1,372,000

 

285

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
GTP Acquisition Partners I LLC      
4.347%, 06/15/2016 (S) $ 1,145,000 $ 1,151,496
HBOS PLC      
6.000%, 11/01/2033 (S)   390,000 252,508
Health Care REIT, Inc.      
4.700%, 09/15/2017   2,440,000 2,448,345
Hospitality Properties Trust      
7.875%, 08/15/2014   235,000 255,183
HSBC Bank USA NA      
4.625%, 04/01/2014   100,000 102,438
HSBC Holdings PLC      
5.100%, 04/05/2021   3,530,000 3,640,203
6.500%, 05/02/2036   2,375,000 2,388,801
Janus Capital Group, Inc.      
6.700%, 06/15/2017   625,000 647,808
Jefferies Group, Inc.      
5.875%, 06/08/2014   176,000 184,729
8.500%, 07/15/2019   2,220,000 2,471,750
JPMorgan Chase & Company      
4.650%, 06/01/2014   5,565,000 5,893,669
6.000%, 01/15/2018   6,975,000 7,775,381
KeyCorp      
3.750%, 08/13/2015   4,175,000 4,303,218
5.100%, 03/24/2021   1,195,000 1,207,589
Kilroy Realty LP      
4.800%, 07/15/2018   2,390,000 2,308,085
6.625%, 06/01/2020   2,330,000 2,535,315
Lincoln National Corp.      
4.850%, 06/24/2021   2,210,000 2,133,576
MassMutual Global Funding II      
3.625%, 07/16/2012 (S)   386,000 394,034
Merrill Lynch & Company, Inc.      
7.750%, 05/14/2038   435,000 404,963
MetLife, Inc.      
4.750%, 02/08/2021   4,100,000 4,272,868
Morgan Stanley      
4.000%, 07/24/2015   5,080,000 4,790,928
4.100%, 01/26/2015   6,050,000 5,771,422
4.200%, 11/20/2014   7,640,000 7,475,167
6.625%, 04/01/2018   2,390,000 2,373,370
Ohio National Financial Services, Inc.      
6.350%, 04/01/2013 (S)   15,000 15,828
PACCAR Financial Corp.      
2.050%, 06/17/2013   5,060,000 5,123,736
PartnerRe Finance B LLC      
5.500%, 06/01/2020   3,360,000 3,498,429
PNC Funding Corp.      
3.625%, 02/08/2015   4,370,000 4,586,346
Pricoa Global Funding I      
5.450%, 06/11/2014 (S)   650,000 708,248
Principal Financial Group, Inc.      
6.050%, 10/15/2036   180,000 191,283
7.875%, 05/15/2014   785,000 892,006
8.875%, 05/15/2019   200,000 254,972
ProLogis LP      
4.500%, 08/15/2017   2,665,000 2,509,524
6.625%, 12/01/2019   1,825,000 1,886,006
Provident Companies, Inc.      
7.000%, 07/15/2018   2,360,000 2,663,109
Prudential Financial, Inc.      
4.750%, 09/17/2015   3,675,000 3,838,479
5.375%, 06/21/2020   1,705,000 1,791,466
Raymond James Financial, Inc.      
4.250%, 04/15/2016   900,000 909,856

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
RCI Banque SA      
4.600%, 04/12/2016 (S) $ 3,215,000 $ 3,159,313
Reckson Operating Partnership LP      
6.000%, 03/31/2016   200,000 211,048
Regency Centers LP      
6.000%, 06/15/2020   1,065,000 1,198,478
Regions Financial Corp.      
5.750%, 06/15/2015   800,000 768,000
Reinsurance Group of America, Inc.      
5.000%, 06/01/2021   1,720,000 1,806,033
5.625%, 03/15/2017   2,275,000 2,495,809
6.450%, 11/15/2019   705,000 801,161
SLM Corp.      
5.125%, 08/27/2012   1,320,000 1,319,464
5.375%, 05/15/2014   350,000 344,579
6.250%, 01/25/2016   2,335,000 2,293,159
8.450%, 06/15/2018   1,075,000 1,119,262
Societe Generale SA      
3.500%, 01/15/2016 (S)   1,485,000 1,350,152
Standard Chartered PLC      
3.850%, 04/27/2015 (S)   4,660,000 4,776,048
Sun Life Financial Global Funding LP      
0.628%, 10/06/2013 (P)(S)   250,000 248,267
SunTrust Banks, Inc.      
3.600%, 04/15/2016   2,215,000 2,247,095
The Allstate Corp.      
7.450%, 05/16/2019   1,700,000 2,080,472
The Goldman Sachs Group, Inc.      
3.625%, 02/07/2016   2,470,000 2,406,163
6.150%, 04/01/2018   6,795,000 7,048,623
6.250%, 02/01/2041   2,450,000 2,388,079
6.750%, 10/01/2037   6,180,000 5,664,922
The Royal Bank of Scotland PLC      
3.400%, 08/23/2013   4,040,000 4,021,812
The Toronto-Dominion Bank      
2.500%, 07/14/2016   3,480,000 3,574,350
The Travelers Companies, Inc.      
3.900%, 11/01/2020   1,155,000 1,186,187
U.S. Bancorp      
3.442%, 02/01/2016   3,545,000 3,600,337
UBS AG      
4.875%, 08/04/2020   1,120,000 1,079,887
Unum Group      
5.625%, 09/15/2020   1,040,000 1,147,164
UnumProvident Finance Company PLC      
6.850%, 11/15/2015 (S)   555,000 622,586
Ventas Realty LP/Ventas Capital Corp.      
3.125%, 11/30/2015   835,000 825,807
6.500%, 06/01/2016   225,000 231,701
WEA Finance LLC/WT      
Finance Australia Pty, Ltd.      
6.750%, 09/02/2019 (S)   375,000 417,179
7.500%, 06/02/2014 (S)   455,000 507,755
Wells Fargo & Company      
4.600%, 04/01/2021   9,755,000 10,442,484
WPP Finance UK      
8.000%, 09/15/2014   80,000 90,581
 
      297,751,520
Health Care - 0.99%      
Boston Scientific Corp.      
4.500%, 01/15/2015   2,145,000 2,242,389
Cardinal Health, Inc.      
4.625%, 12/15/2020   3,090,000 3,358,861

 

286

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Health Care (continued)      
Express Scripts, Inc.      
3.125%, 05/15/2016 $ 2,780,000 $ 2,808,790
6.250%, 06/15/2014   1,380,000 1,519,590
HCA, Inc.      
8.500%, 04/15/2019   200,000 212,000
Life Technologies Corp.      
3.500%, 01/15/2016   2,860,000 2,913,113
Medco Health Solutions, Inc.      
2.750%, 09/15/2015   1,275,000 1,282,925
Medtronic, Inc.      
3.000%, 03/15/2015   4,145,000 4,390,612
Novant Health Inc      
5.850%, 11/01/2019   1,445,000 1,637,517
United Surgical Partners International, Inc.      
8.875%, 05/01/2017   10,000 10,000
UnitedHealth Group, Inc.      
3.875%, 10/15/2020   1,240,000 1,311,254
4.700%, 02/15/2021   1,445,000 1,597,040
Universal Hospital Services, Inc.      
3.778%, 06/01/2015 (P)   315,000 270,900
WellPoint, Inc.      
4.350%, 08/15/2020   1,970,000 2,087,463
6.000%, 02/15/2014   1,390,000 1,536,318
 
      27,178,772
Industrials - 1.76%      
Canadian Pacific Railway Company      
7.250%, 05/15/2019   425,000 533,604
Continental Airlines 2009-1 Pass      
Through Trust      
9.000%, 07/08/2016   1,523,146 1,644,998
Continental Airlines 2009-2 Class A Pass      
Through Trust      
7.250%, 11/10/2019   418,843 435,597
Continental Airlines 2010-1 Class A Pass      
Through Trust      
4.750%, 01/12/2021   1,050,000 1,008,000
Cooper US, Inc.      
2.375%, 01/15/2016   2,155,000 2,180,515
CSX Corp.      
5.750%, 03/15/2013   290,000 308,284
Delta Air Lines 2009-1 Class A Pass      
Through Trust      
7.750%, 12/17/2019   687,099 721,454
Delta Air Lines 2010-2 Class A Pass      
Through Trust      
4.950%, 05/23/2019   1,000,463 970,080
Delta Air Lines 2011-1 Class A Pass      
Through Trust      
5.300%, 04/15/2019   640,000 627,200
Delta Air Lines, Inc.      
9.500%, 09/15/2014 (S)   449,000 462,470
Embraer Overseas, Ltd.      
6.375%, 01/15/2020   440,000 477,400
Emerson Electric Company      
5.250%, 11/15/2039   2,500,000 3,033,190
GATX Corp.      
3.500%, 07/15/2016   1,590,000 1,584,192
4.850%, 06/01/2021   2,730,000 2,770,003
GATX Financial Corp.      
5.500%, 02/15/2012   285,000 288,441
International Lease Finance Corp.      
6.625%, 11/15/2013   695,000 674,150
L-3 Communications Corp.      
4.750%, 07/15/2020   3,440,000 3,564,965

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Republic Services, Inc.      
5.700%, 05/15/2041 $ 4,650,000 $ 5,281,847
Roper Industries, Inc.      
6.250%, 09/01/2019   2,835,000 3,356,569
Southwest Airlines Company      
5.125%, 03/01/2017   3,710,000 3,979,327
6.500%, 03/01/2012   160,000 163,332
Union Pacific Corp.      
4.750%, 09/15/2041   3,475,000 3,579,841
Valmont Industries, Inc.      
6.625%, 04/20/2020   4,150,000 4,830,679
Verisk Analytics, Inc.      
5.800%, 05/01/2021   2,000,000 2,248,486
Waste Management, Inc.      
4.750%, 06/30/2020   2,930,000 3,189,897
6.100%, 03/15/2018   530,000 611,550
 
      48,526,071
Information Technology - 0.55%      
Advanced Micro Devices, Inc.      
8.125%, 12/15/2017   300,000 300,000
Affiliated Computer Services, Inc.      
5.200%, 06/01/2015   1,095,000 1,202,744
Agilent Technologies, Inc.      
5.000%, 07/15/2020   1,200,000 1,296,418
Broadcom Corp.      
2.375%, 11/01/2015   890,000 898,524
Equinix, Inc.      
7.000%, 07/15/2021   3,075,000 3,063,469
Fiserv, Inc.      
3.125%, 06/15/2016   1,215,000 1,230,461
Hewlett-Packard Company      
3.000%, 09/15/2016   4,470,000 4,510,369
International Business Machines Corp.      
6.500%, 10/15/2013   375,000 416,716
Motorola Solutions, Inc.      
8.000%, 11/01/2011   375,000 376,880
Xerox Corp.      
6.350%, 05/15/2018   485,000 551,849
8.250%, 05/15/2014   1,100,000 1,252,812
 
      15,100,242
Materials - 1.72%      
Allegheny Technologies, Inc.      
5.950%, 01/15/2021   4,760,000 5,016,464
9.375%, 06/01/2019   270,000 340,237
ArcelorMittal      
3.750%, 08/05/2015   3,995,000 3,732,093
5.375%, 06/01/2013   2,100,000 2,143,058
Ashland, Inc.      
9.125%, 06/01/2017   350,000 387,188
Barrick North America Finance LLC      
5.700%, 05/30/2041   4,165,000 4,489,695
Celulosa Arauco y Constitucion SA      
5.000%, 01/21/2021   1,998,000 2,011,441
5.125%, 07/09/2013   70,000 73,085
Cliffs Natural Resources, Inc.      
4.875%, 04/01/2021   3,390,000 3,281,408
Corp. Nacional del Cobre de Chile      
7.500%, 01/15/2019 (S)   260,000 327,089
Freeport-McMoRan Copper & Gold, Inc.      
8.375%, 04/01/2017   4,940,000 5,298,150
Holcim US Finance Sarl & Cie SCS      
6.000%, 12/30/2019 (S)   1,745,000 1,854,328

 

287

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Materials (continued)      
International Paper Company      
9.375%, 05/15/2019 $ 400,000 $ 489,462
Novelis, Inc.      
8.750%, 12/15/2020   4,070,000 3,988,600
Rock-Tenn Company      
9.250%, 03/15/2016   250,000 266,250
Steel Dynamics, Inc.      
7.625%, 03/15/2020   1,200,000 1,198,500
Teck Resources, Ltd.      
9.750%, 05/15/2014   675,000 800,339
10.250%, 05/15/2016   825,000 969,870
The Dow Chemical Company      
2.500%, 02/15/2016   1,360,000 1,338,773
8.550%, 05/15/2019   4,625,000 5,931,054
Vale Overseas, Ltd.      
6.250%, 01/23/2017   3,335,000 3,615,140
 
      47,552,224
Telecommunication Services - 1.41%      
America Movil SAB de CV      
5.625%, 11/15/2017   115,000 127,781
5.750%, 01/15/2015   280,000 308,000
American Tower Corp.      
5.050%, 09/01/2020   3,410,000 3,407,657
7.250%, 05/15/2019   2,303,000 2,649,696
AT&T, Inc.      
5.550%, 08/15/2041   2,575,000 2,779,818
6.450%, 06/15/2034   385,000 444,019
CC Holdings GS V LLC/Crown Castle      
GS III Corp.      
7.750%, 05/01/2017 (S)   900,000 958,500
Clearwire Communications LLC      
12.000%, 12/01/2015 (S)   500,000 423,750
Cricket Communications, Inc.      
10.000%, 07/15/2015   300,000 297,750
France Telecom SA      
2.750%, 09/14/2016   2,245,000 2,229,269
Qwest Corp.      
3.597%, 06/15/2013 (P)   125,000 125,313
7.500%, 10/01/2014   175,000 189,000
8.375%, 05/01/2016   550,000 603,625
SBA Telecommunications, Inc.      
8.000%, 08/15/2016   150,000 157,125
8.250%, 08/15/2019   125,000 131,250
SBA Tower Trust      
4.254%, 04/15/2015 (S)   5,420,000 5,725,458
Sprint Nextel Corp.      
8.375%, 08/15/2017   3,925,000 3,650,250
Telecom Italia Capital SA      
5.250%, 11/15/2013   1,180,000 1,153,556
6.175%, 06/18/2014   4,825,000 4,803,529
Telefonica Emisiones SAU      
3.992%, 02/16/2016   3,730,000 3,551,285
5.855%, 02/04/2013   50,000 50,896
5.877%, 07/15/2019   1,440,000 1,415,043
6.221%, 07/03/2017   3,080,000 3,114,844
Vodafone Group PLC      
5.625%, 02/27/2017   275,000 315,373
Windstream Corp.      
8.125%, 08/01/2013   125,000 131,563
 
      38,744,350
Utilities - 2.86%      
Abu Dhabi National Energy Company      
5.620%, 10/25/2012 (S)   855,000 881,184

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
AGL Capital Corp.      
5.250%, 08/15/2019 $ 430,000 $ 484,801
Allegheny Energy Supply Company LLC      
6.750%, 10/15/2039 (S)   2,940,000 3,140,534
Appalachian Power Company      
5.650%, 08/15/2012   350,000 363,149
6.375%, 04/01/2036   2,010,000 2,452,473
Constellation Energy Group, Inc.      
5.150%, 12/01/2020   4,000,000 4,084,940
Consumers Energy Company      
6.000%, 02/15/2014   165,000 180,535
EDF SA      
4.600%, 01/27/2020 (S)   2,900,000 3,040,885
EDP Finance BV      
5.375%, 11/02/2012 (S)   2,225,000 2,147,452
Electricite de France      
6.950%, 01/26/2039 (S)   1,875,000 2,340,229
Enel Finance International NV      
5.125%, 10/07/2019 (S)   3,745,000 3,514,379
Enogex LLC      
6.250%, 03/15/2020 (S)   1,500,000 1,704,228
Exelon Generation Company LLC      
6.250%, 10/01/2039   945,000 1,101,012
FirstEnergy Corp.      
7.375%, 11/15/2031   3,630,000 4,486,237
FirstEnergy Solutions Corp.      
4.800%, 02/15/2015   2,720,000 2,885,803
GenOn Energy, Inc.      
7.875%, 06/15/2017   200,000 184,000
Georgia Power Company      
4.750%, 09/01/2040   3,370,000 3,600,832
Iberdrola Finance Ireland, Ltd.      
3.800%, 09/11/2014 (S)   2,325,000 2,321,629
Korea Hydro & Nuclear Power      
Company, Ltd.      
3.125%, 09/16/2015 (S)   2,315,000 2,263,753
LG&E and KU Energy LLC      
2.125%, 11/15/2015   2,690,000 2,621,655
Massachusetts Electric Company      
5.900%, 11/15/2039 (S)   1,750,000 2,160,510
Monongahela Power Company      
5.700%, 03/15/2017 (S)   265,000 298,096
Nevada Power Company      
5.450%, 05/15/2041   1,430,000 1,681,890
6.650%, 04/01/2036   1,400,000 1,861,138
6.750%, 07/01/2037   245,000 331,652
7.125%, 03/15/2019   915,000 1,143,702
NiSource Finance Corp.      
5.950%, 06/15/2041   2,725,000 2,959,791
6.150%, 03/01/2013   225,000 238,202
6.250%, 12/15/2040   1,315,000 1,490,426
Northeast Utilities      
5.650%, 06/01/2013   625,000 667,264
Northern States Power Company      
5.350%, 11/01/2039   835,000 1,010,928
NSTAR Electric Company      
5.500%, 03/15/2040   3,455,000 4,241,379
Ohio Power Company      
5.750%, 09/01/2013   195,000 209,369
PacifiCorp      
6.250%, 10/15/2037   3,000,000 3,892,857
Pennsylvania Electric Company      
6.150%, 10/01/2038   1,375,000 1,670,411
Piedmont Natural Gas Company, Inc.      
6.000%, 12/19/2033   10,000 12,363

 

288

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Public Service Company of Oklahoma      
5.150%, 12/01/2019 $ 885,000 $ 983,870
Public Service Electric & Gas Company      
5.375%, 11/01/2039   1,945,000 2,344,421
San Diego Gas & Electric Company      
6.000%, 06/01/2039   750,000 994,653
Sempra Energy      
6.000%, 10/15/2039   2,175,000 2,639,332
Southern California Edison Company      
5.750%, 03/15/2014   160,000 177,476
Tampa Electric Company      
6.150%, 05/15/2037   235,000 292,259
TECO Finance, Inc.      
5.150%, 03/15/2020   3,015,000 3,315,962
6.572%, 11/01/2017   35,000 40,559
West Penn Power Company      
5.950%, 12/15/2017 (S)   225,000 265,278
 
      78,723,498
TOTAL CORPORATE BONDS (Cost $738,223,958) $ 765,374,816
 
MUNICIPAL BONDS - 1.62%      
California - 0.27%      
Bay Area Toll Authority      
6.263%, 04/01/2049   1,500,000 1,938,675
East Bay Municipal Utility District      
5.874%, 06/01/2040   860,000 1,068,576
Los Angeles Department of Airports      
7.053%, 05/15/2040   2,600,000 3,291,106
San Diego County Water Authority      
6.138%, 05/01/2049   840,000 1,060,458
 
      7,358,815
Colorado - 0.10%      
Regional Transportation District      
5.000%, 11/01/2038   2,630,000 2,862,071
District of Columbia - 0.12%      
District of Columbia      
5.250%, 12/01/2034   2,610,000 2,871,600
5.591%, 12/01/2034   375,000 455,546
 
      3,327,146
Illinois - 0.19%      
Chicago Metropolitan Water Reclamation      
District      
5.720%, 12/01/2038   2,235,000 2,736,467
Chicago Transit Authority, Series A      
6.899%, 12/01/2040   260,000 309,943
City of Chicago      
6.395%, 01/01/2040   1,925,000 2,325,477
 
      5,371,887
Kansas - 0.00%      
Kansas Development Finance Authority      
5.501%, 05/01/2034   110,000 122,008
Maryland - 0.22%      
Maryland State Transportation Authority      
5.754%, 07/01/2041   3,770,000 4,692,368
5.888%, 07/01/2043   1,070,000 1,325,933
 
      6,018,301
New York - 0.47%      
City of New York      
5.846%, 06/01/2040   2,400,000 2,722,488
Metropolitan Transportation Authority      
7.336%, 11/15/2039   2,150,000 3,042,164

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
New York (continued)      
New York City Housing      
Development Corp.      
6.420%, 11/01/2027 $ 90,000 $ 92,610
New York City Municipal Water Finance      
Authority      
5.952%, 06/15/2042   840,000 1,063,398
New York City Transitional Finance      
Authority      
5.508%, 08/01/2037   2,630,000 3,136,380
Tompkins County Industrial Development      
Agency      
5.000%, 07/01/2037   2,665,000 2,876,361
 
      12,933,401
Oregon - 0.00%      
State of Oregon      
5.892%, 06/01/2027   60,000 70,614
Texas - 0.12%      
Texas Transportation Commission      
5.178%, 04/01/2030   2,800,000 3,216,388
Utah - 0.11%      
Utah Transit Authority      
5.937%, 06/15/2039   2,155,000 2,894,424
Virginia - 0.02%      
Virginia Commonwealth Transportation      
Board      
5.350%, 05/15/2035   515,000 594,701
TOTAL MUNICIPAL BONDS (Cost $38,005,106) $ 44,769,756
 
TERM LOANS - 3.28%      
Consumer Discretionary - 1.23%      
Allison Transmission, Inc.      
2.980%, 08/07/2014   2,386,963 2,241,358
CCM Merger, Inc.      
7.000%, 03/01/2017   697,798 672,503
CCO Holdings LLC      
2.739%, 09/05/2014   1,300,000 1,226,550
Cengage Learning Acquisitions, Inc.      
2.490%, 07/03/2014   1,913 1,507
Charter Communications Operating LLC      
7.200%, 03/06/2014   82,262 81,851
CSC Holdings LLC      
2.367%, 02/24/2012   108,108 105,946
Dunkin’ Brands, Inc.      
4.000%, 11/23/2017   4,696,400 4,533,984
Federal-Mogul Corp.      
2.159%, 12/27/2014   1,955,298 1,795,615
2.166%, 12/27/2015   998,666 917,108
Interactive Data Corp.      
4.500%, 02/11/2018   2,661,625 2,555,160
Las Vegas Sands LLC      
2.740%, 11/23/2016   1,652,747 1,539,416
2.740%, 11/23/2016   332,178 309,400
Michaels Stores, Inc.      
4.802%, 07/31/2016   1,262,840 1,201,503
OSI Restaurant Partners LLC      
0.340%, 06/14/2013   53,615 49,728
2.563%, 06/14/2014   605,242 561,362
Six Flags Theme Parks, Inc.      
5.250%, 06/30/2016   4,402,597 4,347,565
The Goodyear Tire & Rubber Company      
1.940%, 04/30/2014   750,000 722,813
The ServiceMaster Company      
2.740%, 07/24/2014   267,507 249,718

 

289

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)    
Consumer Discretionary (continued)    
The ServiceMaster Company (continued)    
2.744%, 07/24/2014 $ 2,686,220 $ 2,507,586
TWCC Holding Corp.      
4.250%, 02/11/2017   4,463,784 4,393,109
Univision Communications, Inc.    
4.489%, 03/31/2017   4,480,742 3,795,560
 
      33,809,342
Consumer Staples - 0.31%    
Del Monte Corp.      
4.500%, 03/08/2018   4,433,888 4,094,695
Pinnacle Foods Finance LLC/Pinnacle    
Foods Finance Corp.      
2.722%, 04/02/2014   1,210,198 1,147,419
6.000%, 04/02/2014   374,604 372,263
Reynolds Consumer Products    
Holdings, Inc.      
6.500%, 02/09/2018   2,989,364 2,886,231
 
      8,500,608
Energy - 0.11%      
MEG Energy Corp.      
4.000%, 03/18/2018   3,000,000 2,930,250
Financials - 0.04%      
HUB International Holdings, Inc.    
2.869%, 06/13/2014   44,271 40,729
2.869%, 06/13/2014   196,943 181,188
Nuveen Investments, Inc.    
3.319%, 11/13/2014   522,867 479,469
5.819%, 05/13/2017   610,942 566,038
 
      1,267,424
Health Care - 0.46%      
Bausch & Lomb, Inc.      
3.489%, 04/24/2015   143,994 138,594
3.590%, 04/24/2015   590,808 568,653
Biomet, Inc.      
3.314%, 03/25/2015   734,694 701,764
Capsugel Healthcare, Ltd.    
- 08/01/2018 (T)   4,330,000 4,263,699
Community Health Systems, Inc.    
3.819%, 01/25/2017   744,361 682,331
HCA, Inc.      
3.619%, 05/01/2018   3,578,988 3,356,421
Health Management Associates, Inc.    
2.119%, 02/28/2014   719,267 675,887
Warner Chilcott Company LLC    
4.250%, 03/15/2018   1,125,771 1,093,124
4.250%, 03/15/2018   562,886 546,562
4.250%, 03/15/2018   773,968 751,523
 
      12,778,558
Industrials - 0.49%      
Avis Budget Car Rental LLC    
5.750%, 04/19/2014   194,665 192,105
DAE Aviation Holdings, Inc.    
5.260%, 07/31/2014   126,371 117,841
5.260%, 07/31/2014   121,106 112,932
International Lease Finance Corp.    
6.750%, 03/17/2015   5,250,000 5,241,248
KAR Auction Services, Inc.    
5.000%, 05/19/2017   4,114,688 3,980,960
Pinafore LLC      
4.250%, 09/29/2016   3,875,523 3,798,012
 
      13,443,098

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (continued)      
Information Technology - 0.28%      
Fidelity National Information      
Services, Inc.      
5.250%, 07/18/2016 $ 4,257,000 $ 4,243,165
First Data Corp.      
2.985%, 09/24/2014   4,139,859 3,619,789
 
      7,862,954
Materials - 0.27%      
Anchor Glass Container Corp.      
6.000%, 03/02/2016   2,350,455 2,326,951
Nalco Company      
1.989%, 05/13/2016   736,875 728,892
Walter Energy, Inc.      
4.000%, 04/02/2018   4,438,875 4,285,734
 
      7,341,577
Telecommunication Services - 0.09%      
Intelsat Jackson Holdings SA      
5.250%, 04/02/2018   1,995,000 1,915,200
MetroPCS Wireless, Inc.      
4.071%, 11/03/2016   670,494 648,144
 
      2,563,344
TOTAL TERM LOANS (Cost $92,925,368)   $ 90,497,155
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 6.40%      
 
COMMERCIAL & RESIDENTIAL - 6.20%    
Adjustable Rate Mortgage Trust,      
Series 2005-8, Class 7A-31      
0.475%, 11/25/2035 (P)   527,954 465,663
American Tower Trust, Series 2007-1A,      
Class D 5.957%, 04/15/2037 (S)   350,000 374,108
Banc of America Funding Corp.      
Series 2005-A 5A1,      
0.531%, 02/20/2035 (P)   341,472 275,207
Series BAFC 2005-B 2A1,      
2.897%, 04/20/2035 (P)   4,807,282 3,526,458
Banc of America Merrill Lynch      
Commercial Mortgage, Inc.      
Series 2003-1, Class A1,      
3.878%, 09/11/2036   32,172 32,169
Series 2005-3, Class A2,      
4.501%, 07/10/2043   268,374 268,094
Series 2007-1, Class AAB,      
5.422%, 01/15/2049   5,985,000 6,248,944
Banc of America Mortgage Securities      
Series 2004-H, Class 2A2,      
2.758%, 09/25/2034 (P)   88,489 78,130
Series 2004-A, Class 2A2,      
2.847%, 02/25/2034 (P)   63,322 52,340
Series 2004-D, Class 2A2,      
2.882%, 05/25/2034 (P)   37,118 32,747
Series 2005-J, Class 2A1,      
3.097%, 11/25/2035 (P)   217,063 163,642
Series 2004-I, Class 3A2,      
3.317%, 10/25/2034 (P)   22,059 20,231
Series 2005-J, Class 3A1,      
5.233%, 11/25/2035 (P)   2,083,506 1,834,488
Bear Stearns Commercial      
Mortgage Securities      
Series 2005-PWR8, Class A4,      
4.674%, 06/11/2041   492,000 523,025
Series 2005-PWR9, Class AAB,      
4.804%, 09/11/2042   288,133 298,390

 

290

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMERCIAL & RESIDENTIAL (continued)    
Bear Stearns Commercial Mortgage      
Securities (continued)      
Series 2002-TOP8, Class A2,      
4.830%, 08/15/2038 $ 272,000 $ 277,277
Series 2005-PWR9, Class A4A,      
4.871%, 09/11/2042   4,525,000 4,867,307
Series 2007-PW15, Class AAB,      
5.315%, 02/11/2044   600,000 626,542
Series 2006-PW13, Class AAB,      
5.530%, 09/11/2041   49,967 51,996
Series 2006-PW3, Class A4,      
5.540%, 09/11/2041   2,981,000 3,273,543
Series 2006-PW12, Class A4,      
5.903%, 09/11/2038 (P)   385,000 422,948
Citigroup/Deutsche Bank      
Commercial Mortgage Trust      
Series 2007-CD4, Class ASB,      
5.278%, 12/11/2049   50,000 52,229
Series 2005-CD1, Class A4,      
5.398%, 07/15/2044 (P)   225,000 244,269
Series 2006-CD3, Class AAB,      
5.608%, 10/15/2048   310,000 323,658
Series 2006-CD3, Class A5,      
5.617%, 10/15/2048   1,735,000 1,825,343
Commercial Mortgage Loan Trust,      
Series 2008-LS1, Class A3      
6.214%, 12/10/2049 (P)   1,850,000 1,895,584
Commercial Mortgage Pass Through      
Certificates, Series 2007-C9, Class A4      
6.008%, 12/10/2049 (P)   8,900,000 9,609,410
Credit Suisse First Boston      
Mortgage Securities Corp.      
Series 2004-C2, Class A1,      
3.819%, 05/15/2036   42,887 43,077
Series 2005-C2, Class A4,      
4.832%, 04/15/2037   575,000 606,499
Credit Suisse Mortgage      
Capital Certificates      
Series 2010-1R, Class 12A1,      
3.222%, 03/27/2036 (P)(S)   625,449 606,194
Series 2010-1R, Class 42A1,      
5.000%, 10/27/2036 (S)   530,287 540,724
DB-UBS Mortgage Trust,      
Series 2011-LC3A, Class A2      
3.642%, 08/10/2044   5,215,000 5,381,382
Fosse Master Issuer PLC, Series 2011-1A,      
Class A2 1.650%, 10/18/2054 (P)(S)   4,055,000 4,042,814
GMAC Commercial Mortgage      
Securities, Inc., Series 2001-C2,      
Class A2 6.700%, 04/15/2034   4,624 4,618
Greenwich Capital      
Commercial Funding Corp.      
Series 2005-GG3, Class A2,      
4.305%, 08/10/2042   71,817 71,804
Series 2005-GG3, Class A3,      
4.569%, 08/10/2042   600,000 604,423
Series 2005-GG3, Class AAB,      
4.619%, 08/10/2042   80,744 82,651
Series 2007-GG9, Class A4,      
5.444%, 03/10/2039   675,000 700,387
GS Mortgage Securities Corp. II,      
Series 2006-GG6, Class A4      
5.553%, 04/10/2038 (P)   5,100,000 5,416,710
Holmes Master Issuer PLC,      
Series 2011-3A, Class A2      
1.948%, 10/21/2054 (P)(S)   3,725,000 3,725,259

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMERCIAL & RESIDENTIAL (continued)    
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2003-LN1, Class A1,      
4.134%, 10/15/2037 $ 15,133 $ 15,378
Series 2005-LDP4, Class ASB,      
4.824%, 10/15/2042 (P)   382,663 396,505
Series 2006-CB17, Class A1,      
5.279%, 12/12/2043   22,138 22,117
Series 2006-LDP9, Class A3,      
5.336%, 05/15/2047   620,000 640,641
Series 2006-CB14, Class A4,      
5.481%, 12/12/2044 (P)   60,000 64,784
Series 2006-CB16, Class A4,      
5.552%, 05/12/2045   8,727,000 9,368,967
Series 2007-C1, Class A4,      
5.716%, 02/15/2051   11,605,000 12,284,798
LB-UBS Commercial Mortgage Trust      
Series 2003-C7, Class A3,      
4.559%, 09/15/2027 (P)   525,000 525,320
Series 2005-C1, Class A4,      
4.742%, 02/15/2030   363,000 387,579
Series 2006-C1, Class A4,      
5.156%, 02/15/2031   5,667,500 6,130,960
Series 2006-C7, Class A3,      
5.347%, 11/15/2038   2,185,000 2,309,361
Series 2007-C2, Class A3,      
5.430%, 02/15/2040   1,890,000 1,942,381
Merrill Lynch Mortgage Trust,      
Series 2007-C1, Class A4      
6.022%, 06/12/2050 (P)   9,300,000 9,867,691
Morgan Stanley Capital I      
Series 2007-IQ13, Class A4,      
5.364%, 03/15/2044   10,875,000 11,553,165
Series 2007-HQ11, Class A4,      
5.447%, 02/12/2044 (P)   13,725,000 14,728,586
Series 2007-IQ14, Class A4,      
5.692%, 04/15/2049 (P)   1,885,000 1,955,625
Series 2007-T27,      
5.795%, 06/11/2042 (P)   400,000 403,835
Series 2007-IQ15, Class A4,      
6.080%, 06/11/2049 (P)   1,100,000 1,167,110
Series 2008-T29, Class A4,      
6.456%, 01/11/2043 (P)   5,222,000 6,044,230
Morgan Stanley Dean Witter Capital I,      
Series 2002-TOP7, Class A2      
5.980%, 01/15/2039   266,983 270,403
Sequoia Mortgage Trust, Series 2010-H1,      
Class A1 3.750%, 02/25/2040 (P)   718,288 710,563
Vendee Mortgage Trust, Series 1996-3,      
Class 4 9.602%, 03/15/2025 (P)   8,393 9,759
Wachovia Bank      
Commercial Mortgage Trust      
Series 2005-C17, Class A4,      
5.083%, 03/15/2042 (P)   7,040,000 7,575,174
Series 2006-C23, Class A4,      
5.418%, 01/15/2045 (P)   5,370,000 5,782,685
Series 2006-C24,      
5.558%, 03/15/2045 (P)   4,468,000 4,924,849
Series 2006-C28, Class A4,      
5.572%, 10/15/2048   8,720,000 9,258,974
WaMu Mortgage Pass Through      
Certificates, Series 2005-AR12,      
Class 2A1 4.947%, 09/25/2035 (P)   887,588 772,977
Wells Fargo Mortgage Backed      
Securities Trust, Series 2005-AR2,      
Class 2A2 2.737%, 03/25/2035 (P)   196,124 174,067

 

291

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMERCIAL & RESIDENTIAL (continued)    
Wells Fargo Mortgage      
Backed Securities Trust      
Series 2003-O, Class 5A1,      
4.835%, 01/25/2034 (P) $ 140,844 $ 133,204
Series 2005-AR2, Class 3A1,      
4.863%, 03/25/2035 (P)   100,088 91,964
WF-RBS Commercial Mortgage Trust,      
Series 2011-C2, Class B      
5.174%, 02/15/2044 (P)(S)   1,740,000 1,670,844
 
      170,674,780
 
U.S. GOVERNMENT AGENCY - 0.20%      
Federal Home Loan Mortgage Corp.      
Series 2568, Class KA,      
4.250%, 12/15/2021   29,707 29,920
Series 2003-2627, Class IE IO,      
4.500%, 04/15/2018   8,894 462
Series 2003-41, Class YV,      
5.500%, 04/25/2014   95,234 99,877
Series 2005-R003, Class VA,      
5.500%, 08/15/2016   287,814 305,450
Series R005, Class AB,      
5.500%, 12/15/2018   113,637 116,311
Series R006, Class AK,      
5.750%, 12/15/2018   84,061 85,925
Series 2006-3123, Class VB,      
6.000%, 09/15/2013   32,341 32,327
Series 2006-R007, Class VA,      
6.000%, 09/15/2016   111,232 114,655
Series R013, Class AB,      
6.000%, 12/15/2021   30,341 30,975
Series 199, Class PO,      
- 08/01/2028   3,696 3,447
Federal National Mortgage Association      
Series 2005-46, Class CN,      
5.000%, 01/25/2020   46,758 47,451
Series 2002-84, Class VA,      
5.500%, 11/25/2013   68,836 71,438
Series 2006-3136, Class PB,      
6.000%, 01/15/2030   251,577 252,391
Series 319, Class 2 IO,      
6.500%, 02/01/2032   13,440 2,305
Government National      
Mortgage Association      
Series 2004-43, Class A,      
2.822%, 12/16/2019   216,013 216,323
Series 2008-8, Class A,      
3.612%, 11/16/2027   554,020 557,927
Series 2010-92, Class PI,      
4.500%, 11/20/2037   9,070,416 1,421,725
Series 2011-88, Class EI,      
4.500%, 11/20/2039   2,048,258 353,154
Series 2011-41 Class AI,      
4.500%, 12/20/2039   11,459,494 1,822,771
Series 2004-43, Class D,      
4.994%, 03/16/2030 (P)   49,000 53,553
Series 1998-6, Class EA PO,      
- 03/16/2028   20,113 18,248
 
      5,636,635
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $165,180,097)   $ 176,311,415

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES - 3.56%      
Ally Auto Receivables Trust,      
Series 2009-B, Class C      
4.060%, 05/16/2016 (S) $ 4,027,000 $ 4,226,437
AmeriCredit      
Automobile Receivables Trust      
Series 2011-2, Class B,      
2.330%, 03/08/2016   3,905,000 3,937,306
Series 2011-1, Class C,      
2.850%, 08/08/2016   2,495,000 2,515,937
AmeriCredit      
Automobile Receivables Trust      
Series 2010-1, Class C,      
5.190%, 08/17/2015   1,300,000 1,349,526
Series 2006-RM, Class A3,      
5.530%, 01/06/2014   838,667 839,319
BankBoston Home Equity Loan Trust,      
Series 1998-2, Class A6      
6.640%, 12/25/2028 (P)   22,874 21,275
Cabela’s Master Credit Card Trust      
Series 2006-3a, Class B,      
0.429%, 10/15/2014 (P)(S)   2,340,000 2,338,489
Series 2011-2A, Class A1,      
2.390%, 06/17/2019 (S)   4,800,000 4,924,864
CarMax Auto Owner Trust      
Series 2010-3, Class A4,      
1.410%, 02/16/2016   5,655,000 5,710,329
Series 2010-1, Class B,      
3.750%, 12/15/2015   635,000 665,716
Series 2009-2, Class B,      
4.650%, 08/17/2015   3,665,000 3,907,425
Series 2010-1, Class C,      
4.880%, 08/15/2016   405,000 426,815
CenterPoint Energy Transition Bond      
Company LLC, Series 2005-A,      
Class A2 4.970%, 08/01/2014   36,089 36,660
Chase Funding Mortgage Loan Asset-      
Backed Certificates      
Series 2002-4, Class 2A1,      
0.975%, 10/25/2032 (P)   6,329 5,217
Series 2003-3, Class 1A6,      
3.717%, 10/25/2014   50,514 50,108
Series 2002-2, Class 1M1,      
5.599%, 09/25/2031   16,954 11,615
Citibank Credit Card Issuance Trust,      
Series 2004-B2, Class B2      
0.544%, 10/07/2013 (P)   4,450,000 4,449,745
CNH Equipment Trust, Series 2010-B,      
Class A4 1.740%, 01/17/2017   6,650,000 6,752,391
Countrywide Asset-Backed Certificates,      
Series 2004-BC1, Class M2      
1.840%, 01/25/2034 (P)   3,749,108 2,383,301
Ford Credit Auto Owner Trust,      
Series 2009-D, Class D      
8.140%, 02/15/2016 (S)   1,370,000 1,533,231
Ford Credit Floorplan Master Owner Trust      
Series 2011-1, Class A1,      
2.120%, 02/15/2016   6,500,000 6,623,435
Series 2010-3, Class A1,      
4.200%, 02/15/2017 (S)   5,145,000 5,590,005
Series 2010-3, Class C,      
4.990%, 02/15/2017 (S)   4,490,000 4,865,096
GE Equipment Midticket LLC,      
Series 2010-1, Class A4      
1.470%, 07/14/2015 (S)   12,105,000 12,227,292

 

292

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
GE Equipment Small Ticket LLC,      
Series 2011-1, Class A3      
1.450%, 01/21/2018 (S) $ 2,985,000 $ 3,006,219
Huntington Auto Trust      
Series 2011-1A B,      
1.840%, 01/17/2017 (S)   455,000 454,650
Series 2011-1A C,      
2.530%, 03/15/2017 (S)   2,160,000 2,157,409
John Deere Owner Trust, Series 2009-A,      
Class A3 2.590%, 10/15/2013   19,991 20,066
JPMorgan Auto Receivables Trust,      
Series 2007-A, Class A4      
5.190%, 02/15/2014 (S)   2,850 2,854
JPMorgan Mortgage Acquisition Corp.,      
Series 2007-CH1, Class AV2      
0.295%, 11/25/2036 (P)   8,721 8,639
Marriott Vacation Club Owner Trust      
Series 2006-2A, Class A,      
5.362%, 10/20/2028 (S)   64,640 65,928
Series 2006-1A, Class A,      
5.737%, 04/20/2028 (S)   201,813 209,182
Series 2006-1A, Class B,      
5.827%, 04/20/2028 (S)   9,657 9,979
Merrill Lynch Mortgage Investors, Inc.,      
Series 2005-WMC1, Class M1      
0.735%, 09/25/2035 (P)   2,927,651 2,656,381
MMAF Equipment Finance LLC,      
Series 2009-AA, Class A3      
2.370%, 11/15/2013 (S)   1,852,008 1,861,453
Nissan Master Owner Trust Receivables,      
Series 2010-AA, Class A      
1.379%, 01/15/2015 (P)(S)   3,895,000 3,930,631
Renaissance Home Equity Loan Trust,      
Series 2007-1, Class AF1      
5.742%, 04/25/2037   3,404,476 2,135,526
Residential Asset Mortgage Products, Inc.,      
Series 2003-RZ2 3.600%, 04/25/2033   14,118 13,503
Smart Trust      
Series 2011-2USA, Class A3A,      
1.540%, 03/14/2015 (S)   2,240,000 2,245,390
Series 2011-1USA, Class A3A,      
1.770%, 10/14/2014 (S)   3,790,000 3,813,062
TOTAL ASSET BACKED SECURITIES (Cost $96,813,979) $ 97,982,406
 
CAPITAL PREFERRED SECURITIES - 0.70%    
Financials - 0.70%      
BAC Capital Trust VI      
5.625%, 03/08/2035   3,098,000 2,218,366
BB&T Capital Trust II      
6.750%, 06/07/2036   2,160,000 2,209,036
JPMorgan Chase Capital XXVII      
7.000%, 11/01/2039   5,565,000 5,597,366
JPMorgan Chase Capital XVIII      
6.950%, 08/17/2036   110,000 109,961
PNC Financial Services Group, Inc.      
6.750%, (Q)(P)   4,475,000 4,285,842
The Goldman Sachs Capital I      
6.345%, 02/15/2034   3,601,000 3,267,562
USB Capital XIII Trust      
6.625%, 12/15/2039   1,500,000 1,506,495
 
      19,194,628
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $19,782,005)     $ 19,194,628

 

New Income Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
SECURITIES LENDING COLLATERAL - 0.06%  
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y) $ 158,451 $ 1,585,332
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $1,585,547)     $ 1,585,332
 
SHORT-TERM INVESTMENTS - 0.43%      
Money Market Funds - 0.34%      
T. Rowe Price Prime Reserve      
Fund, 0.1383% (Y) $ 9,343,966 $ 9,343,966
Repurchase Agreement - 0.09%      
Repurchase Agreement with State      
Street Corp. dated 09/30/2011 at      
0.010% to be repurchased at $2,389,212      
on 10/03/2011, collateralized by      
$2,205,000 Federal Home Loan Bank,      
0.250% due 06/29/2012 (valued at      
$2,207,756, including interest) and      
$230,000 U.S. Treasury Notes, 1.375%      
due 05/15/2013 (valued at $234,087,      
including interest)   2,389,210 2,389,210
TOTAL SHORT-TERM INVESTMENTS (Cost $11,733,176) $ 11,733,176
Total Investments (New Income Trust)      
(Cost $2,636,565,535) - 99.07%     $ 2,728,724,453
Other assets and liabilities, net - 0.93%     25,677,764
 
TOTAL NET ASSETS - 100.00%     $ 2,754,402,217
 
 
 
Real Estate Securities Trust      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 99.41%      
Financials - 97.46%      
Diversified Financial Services - 0.00%      
BGP Holdings PLC (I)   194,291 $ 0
Real Estate Investment Trusts - 97.46%      
Diversified REITs - 6.56%      
American Assets Trust, Inc.   148,350 2,662,883
Colonial Properties Trust (L)   154,350 2,802,996
Liberty Property Trust   236,700 6,890,337
PS Business Parks, Inc.   46,750 2,315,995
Vornado Realty Trust   108,450 8,092,539
 
      22,764,750
Industrial REITs - 5.49%      
DuPont Fabros Technology, Inc. (L)   208,550 4,106,350
Prologis, Inc.   617,099 14,964,651
 
      19,071,001
Office REITs - 13.99%      
BioMed Realty Trust, Inc.   45,750 758,078
Boston Properties, Inc.   271,050 24,150,555
Brandywine Realty Trust (L)   234,650 1,879,547
Mack-Cali Realty Corp.   397,150 10,623,763
SL Green Realty Corp. (L)   191,750 11,150,263
 
      48,562,206
Real Estate Operating Companies - 0.31%      
Hudson Pacific Properties, Inc.   91,100 1,059,493
Residential REITs - 19.45%      
Associated Estates Realty Corp.   52,400 810,104

 

293

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Real Estate Securities Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Residential REITs (continued)      
AvalonBay Communities, Inc. (L)   152,284 $ 17,367,990
BRE Properties, Inc. (L)   280,550 11,878,487
Camden Property Trust (L)   234,850 12,977,811
Education Realty Trust, Inc. (L)   505,600 4,343,104
Equity Lifestyle Properties, Inc.   102,450 6,423,615
Equity Residential   41,569 2,156,184
Home Properties, Inc.   73,150 4,151,994
Post Properties, Inc. (L)   213,600 7,420,464
 
      67,529,753
Retail REITs - 26.32%      
Alexander’s, Inc.   3,540 1,278,011
DDR Corp.   1,136,950 12,392,755
Federal Realty Investment Trust (L)   125,650 10,354,817
Ramco-Gershenson Properties Trust (L)   212,200 1,740,040
Simon Property Group, Inc. (L)   401,714 44,180,506
Tanger Factory Outlet Centers, Inc. (L)   445,850 11,596,552
Taubman Centers, Inc. (L)   195,000 9,810,450
 
      91,353,131
Specialized REITs - 25.34%      
Chesapeake Lodging Trust   92,750 1,119,493
Entertainment Properties Trust (L)   100,144 3,903,613
Extra Space Storage, Inc. (L)   397,500 7,405,425
HCP, Inc. (L)   653,000 22,894,180
Health Care REIT, Inc. (L)   118,000 5,522,400
Host Hotels & Resorts, Inc. (L)   763,877 8,356,814
LTC Properties, Inc.   194,750 4,931,070
Pebblebrook Hotel Trust   296,250 4,636,313
Public Storage (L)   146,790 16,345,067
Sabra Healthcare REIT, Inc.   24,000 228,960
Senior Housing Properties Trust   378,855 8,160,537
Strategic Hotels & Resorts, Inc. (I)(L)   1,032,450 4,449,860
 
      87,953,732
      338,294,066
      338,294,066
Health Care - 1.95%      
Health Care Providers & Services - 1.95%    
Brookdale Senior Living, Inc. (I)(L)   538,800 6,756,552
TOTAL COMMON STOCKS (Cost $337,703,509) $ 345,050,618
 
SECURITIES LENDING COLLATERAL - 27.02%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   9,375,359 93,802,345
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $93,798,046)   $ 93,802,345
 
SHORT-TERM INVESTMENTS - 0.25%    
Repurchase Agreement - 0.25%      
Repurchase Agreement with State Street Corp.    
dated 09/30/2011 at 0.010% to be      
repurchased at $865,001 on 10/03/2011,      
collateralized by $885,000 Federal Home    
Loan Mortgage Bank, 0.500% due      
02/08/2013 (valued at $886,106,      
including interest) $ 865,000 $ 865,000
TOTAL SHORT-TERM INVESTMENTS (Cost $865,000) $ 865,000
Total Investments (Real Estate Securities Trust)    
(Cost $432,366,555) - 126.68%   $ 439,717,963
Other assets and liabilities, net - (26.68%)   (92,601,751)
TOTAL NET ASSETS - 100.00%   $ 347,116,212

 

Real Return Bond Trust      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 87.45%      
U.S. Government - 84.68%      
Treasury Inflation Protected Securities      
0.125%, 04/15/2016 $ 13,062,259 $ 13,485,764
0.500%, 04/15/2015   1,459,458 1,517,950
0.625%, 07/15/2021   4,110,146 4,292,213
1.125%, 01/15/2021   413,096 451,243
1.250%, 04/15/2014 to 07/15/2020   3,569,445 3,851,666
1.375%, 01/15/2020   313,413 349,088
1.625%, 01/15/2015 to 01/15/2018   1,398,814 1,513,926
1.750%, 01/15/2028   539,185 624,991
2.000%, 01/15/2014 to 01/15/2026   21,767,780 23,716,233
2.125%, 01/15/2019 (F)   4,629,856 5,395,954
2.125%, 02/15/2041   2,991,698 3,829,843
2.375%, 01/15/2017 to 01/15/2027   12,044,436 14,869,136
2.500%, 07/15/2016 to 01/15/2029   7,565,026 9,272,593
2.625%, 07/15/2017   763,021 898,875
3.375%, 04/15/2032   10,955,979 16,166,917
3.625%, 04/15/2028   1,396,780 2,010,381
3.875%, 04/15/2029   3,854,144 5,799,885
 
      108,046,658
U.S. Government Agency - 2.19%      
Federal Home Loan Mortgage Corp.      
0.191%, 03/21/2013 (P)   2,800,000 2,799,306
Small Business Administration - 0.58%      
Small Business Administration      
5.902%, 02/10/2018   647,336 734,406
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $109,908,690)   $ 111,580,370
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 6.52%      
Australia - 2.17%      
Commonwealth of Australia      
2.500%, 09/20/2030 AUD 1,700,000 1,843,932
3.000%, 09/20/2025   500,000 586,997
4.000%, 08/20/2020   200,000 344,586
 
      2,775,515
Canada - 0.08%      
Government of Canada      
2.750%, 09/01/2016 CAD 100,000 101,546
Italy - 1.77%      
Republic of Italy      
2.100%, 09/15/2016 to 09/15/2021 EUR 1,956,209 2,258,233
 
      2,258,233
South Korea - 0.94%      
Export-Import Bank of Korea      
0.466%, 10/04/2011 (P)(S) $ 1,200,000 1,200,000
United Kingdom - 1.56%      
Government of United Kingdom      
1.875%, 11/22/2022 GBP 342,390 660,591
4.750%, 12/07/2030   700,000 1,327,995
 
      1,988,586
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $8,422,278)   $ 8,323,880
 
CORPORATE BONDS - 34.50%      
Consumer Discretionary - 0.05%      
Videotron Ltee      
6.875%, 01/15/2014 $ 61,000 61,000

 

294

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Real Return Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy - 0.08%      
Petroleos Mexicanos      
5.500%, 01/21/2021 $ 100,000 $ 105,000
Financials - 31.67%      
Achmea Hypotheekbank NV      
3.200%, 11/03/2014 (S)   400,000 423,078
Ally Financial, Inc.      
3.478%, 02/11/2014 (P)   500,000 459,511
8.300%, 02/12/2015   500,000 494,375
American International Group, Inc.      
0.360%, 10/18/2011 (P)   1,400,000 1,399,994
American International Group, Inc.      
(8.625% to 05/22/2018, then 3 month      
GBP LIBOR + 4.400%)      
05/22/2068 GBP 400,000 520,840
Bank of Montreal      
2.850%, 06/09/2015 (S) $ 1,000,000 1,055,974
BBVA Bancomer SA      
6.500%, 03/10/2021 (S)   200,000 184,500
Citigroup, Inc.      
2.286%, 08/13/2013 (P)   1,900,000 1,879,364
7.375%, 06/16/2014 EUR 600,000 850,272
Commonwealth Bank of Australia      
0.666%, 07/12/2013 (P)(S) $ 5,900,000 5,897,050
0.858%, 06/25/2014 (P)(S)   5,300,000 5,333,258
Danfin Funding, Ltd.      
0.950%, 07/16/2013 (P)(S)   500,000 499,813
Dexia Credit Local      
0.731%, 03/05/2013 (P)(S)   300,000 299,212
Everest Reinsurance Holdings, Inc.      
5.400%, 10/15/2014   1,000,000 1,070,698
FIH Erhvervsbank A/S      
2.000%, 06/12/2013 (S)   100,000 102,280
Ford Motor Credit Company LLC      
7.250%, 10/25/2011   1,050,000 1,051,310
7.800%, 06/01/2012   150,000 153,738
General Electric Capital Corp.      
0.353%, 09/21/2012 (P)   2,700,000 2,700,564
ICICI Bank, Ltd.      
2.058%, 02/24/2014 (P)(S)   200,000 195,749
ING Bank Australia, Ltd.      
5.408%, 06/24/2014 (P) AUD 600,000 586,897
JPMorgan Chase & Company      
1.097%, 05/02/2014 (P) $ 400,000 393,938
LeasePlan Corp. NV      
3.000%, 05/07/2012 (S)   300,000 304,124
Liberty Mutual Group, Inc.      
5.750%, 03/15/2014 (S)   900,000 937,739
Macquarie Bank, Ltd.      
2.600%, 01/20/2012 (S)   200,000 201,233
Merrill Lynch & Company, Inc.      
0.561%, 06/05/2012 (P)   1,100,000 1,057,398
Morgan Stanley      
0.546%, 01/09/2014 (P)   800,000 725,242
0.700%, 10/18/2016 (P)   1,300,000 1,012,096
1.840%, 11/29/2013 (P) EUR 200,000 244,543
1.870%, 03/01/2013 (P)   200,000 253,211
NIBC Bank NV      
2.800%, 12/02/2014 (S) $ 1,600,000 1,676,958
Nordea Bank AB      
1.149%, 01/14/2014 (P)(S)   1,200,000 1,205,635
Royal Bank of Scotland PLC      
1.450%, 10/20/2011 (S)   1,500,000 1,500,611
1.624%, 10/15/2012 (P)   300,000 299,999
3.000%, 12/09/2011 (S)   100,000 100,490

 

Real Return Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Santander US Debt SA Unipersonal      
1.169%, 03/30/2012 (P)(S) $ 1,300,000 $ 1,290,457
SLM Corp.      
5.039%, 03/15/2012 (P)   1,027,000 1,021,803
The Goldman Sachs Group, Inc.      
0.805%, 03/22/2016 (P)   2,100,000 1,800,945
Vita Capital III, Ltd.      
1.492%, 01/01/2012 (P)(S)   600,000 597,840
Westpac Banking Corp.      
3.585%, 08/14/2014 (S)   400,000 427,273
Westpac Securities NZ, Ltd.      
2.500%, 05/25/2012 (S)   200,000 202,311
 
      40,412,323
Industrials - 0.84%      
International Lease Finance Corp.      
6.500%, 09/01/2014 (S)   100,000 100,000
6.625%, 11/15/2013   800,000 776,000
6.750%, 09/01/2016 (S)   100,000 100,250
7.125%, 09/01/2018 (S)   100,000 100,375
 
      1,076,625
Materials - 0.84%      
Rexam PLC      
6.750%, 06/01/2013 (S)   1,000,000 1,070,285
Telecommunication Services - 1.02%      
TDC A/S      
3.500%, 02/23/2015 EUR 600,000 818,898
Telefonica Emisiones SAU      
0.594%, 02/04/2013 (P) $ 500,000 480,841
 
      1,299,739
TOTAL CORPORATE BONDS (Cost $43,221,509) $ 44,024,972
 
MUNICIPAL BONDS - 0.24%      
North Carolina - 0.24%      
North Carolina State Education Assistance      
Authority, Series 2011-2, Class A1      
0.785%, 10/26/2020   300,000 299,376
TOTAL MUNICIPAL BONDS (Cost $299,435) $ 299,376
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 9.20%      
Commercial & Residential - 7.96%      
Arran Residential Mortgages      
Funding PLC, Series 2011-1A,      
Class A2B 2.985%, 11/19/2047 (S) EUR 1,700,000 2,265,044
Banc of America Large Loan, Inc.,      
Series 2009-UB1, Class A4A      
5.691%, 06/24/2050 (P)(S) $ 250,000 271,229
BCAP LLC Trust      
Series 2011-RR5, Class 12A1,      
5.923%, 03/26/2037 (P)(S)   100,000 75,800
Series 2011-RR5, Class 5A1,      
6.385%, 08/26/2037 (S)   400,000 393,600
Bear Stearns Adjustable      
Rate Mortgage Trust      
Series 2003-3, Class 3A2,      
2.604%, 05/25/2033 (P)   174,548 164,290
Series 2005-1, Class 2,      
2.742%, 03/25/2035 (P)   61,453 48,384
Citigroup Mortgage Loan Trust, Inc.,      
Series 2005-6, Class A3      
2.100%, 08/25/2035 (P)   83,427 74,582

 

295

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)      
Commercial Mortgage Pass Through      
Certificates, Series 2010-C1, Class A1      
3.156%, 07/10/2046 (S) $ 98,240 $ 99,149
Countrywide Alternative Loan Trust,      
Series 2007-OA4, Class A1      
0.405%, 05/25/2047 (P)   628,136 386,881
Countrywide Home Loan Mortgage Pass      
Through Trust, Series 2003-HYB3,      
Class 7A1 2.761%, 11/19/2033 (P)   58,112 54,423
Credit Suisse Mortgage Capital      
Certificates, Series 2009-RR1,      
Class A3A 5.383%, 02/15/2040 (S)   100,000 107,881
Fosse Master Issuer PLC, Series 2011-1A,      
Class A2 1.650%, 10/18/2054 (P)(S)   500,000 498,497
Granite Mortgages PLC, Series 2004-3,      
Class 3A2 1.305%, 09/20/2044 (P) GBP 195,528 289,967
Greenpoint Mortgage Funding Trust,      
Series 2005-AR1, Class A2      
0.455%, 06/25/2045 (P) $ 407,730 254,020
GS Mortgage Securities Corp. II      
Series 2007-EOP, Class A2,      
1.317%, 03/06/2020 (P)(S)   250,000 248,290
Series 2010-C1, Class A2,      
4.592%, 08/10/2043 (S)   600,000 622,636
GSR Mortgage Loan Trust,      
Series 2005-AR1, Class 1A1      
2.996%, 01/25/2035 (P)   41,415 34,949
Holmes Master Issuer PLC,      
Series 2011-1A, Class A3      
2.955%, 10/15/2054 (S)(P) EUR 700,000 931,603
Indymac INDA Mortgage Loan Trust,      
Series 2005-AR1, Class 2A1      
5.067%, 11/25/2035 (P) $ 128,961 101,839
JP Morgan Mortgage Trust      
Series 2005-A6, Class 2A1,      
2.789%, 08/25/2035 (P)   98,359 82,070
Series 2007-A1, Class 1A1,      
2.806%, 07/25/2035 (P)   122,367 109,206
Mastr Adjustable Rate Mortgages Trust,      
Series 2003-6, Class 2A1      
2.427%, 12/25/2033 (P)   203,292 175,485
Merrill Lynch Mortgage Investors, Inc.,      
Series 2005-3, Class 5A      
0.485%, 11/25/2035 (P)   474,759 354,884
NCUA Guaranteed Notes      
Series 2010-R1, Class 1A,      
0.674%, 10/07/2020 (P)   256,734 257,135
Series 2010-R3, Class 2A,      
0.784%, 12/08/2020 (P)   279,894 281,621
RBSCF Trust, Series 2010-RR4,      
Class CMLA 6.214%, 12/16/2049 (P)(S)   100,000 110,527
Securitized Asset Sales, Inc.,      
Series 1993-6, Class A5      
2.805%, 11/26/2023 (P)   4,073 3,771
Sequoia Mortgage Trust, Series 2007-3,      
Class 1A1 0.431%, 07/20/2036 (P)   110,812 86,013
Structured Adjustable Rate      
Mortgage Loan Trust      
Series 2004-19, Class 2A1,      
1.652%, 01/25/2035 (P)   140,339 84,434
Series 2004-1, Class 4A2,      
2.488%, 02/25/2034 (P)   253,822 226,255
Series 2004-18, Class 5A,      
5.500%, 12/25/2034 (P)   327,588 292,775

 

Real Return Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Structured Asset Mortgage      
Investments, Inc., Series 2004-AR5,      
Class 1A1 0.890%, 10/19/2034 (P) $ 175,600 $ 144,126
Structured Asset Securities Corp.,      
Series 2006-NC1, Class A6      
0.285%, 05/25/2036 (P)   408 406
Vornado DP LLC, Series 2010-VNO,      
Class A2FX 4.004%, 09/13/2028 (S)   600,000 602,531
Wachovia Bank Commercial      
Mortgage Trust, Series 2004-C14,      
Class A4 5.088%, 08/15/2041 (P)   100,000 106,141
WaMu Mortgage Pass-      
Through Certificates      
Series 2005-AR15, Class A1A1,      
0.495%, 11/25/2045 (P)   193,576 149,369
Series 2006-AR17, Class 1A1A,      
1.052%, 12/25/2046 (P)   170,477 111,510
Series 2002-AR17, Class 1A,      
1.442%, 11/25/2042 (P)   31,839 26,003
Series 2005-AR10, Class 3A1,      
5.542%, 08/25/2035 (P)   35,497 30,029
U.S. Government Agency - 1.24%      
Federal Home Loan Mortgage Corp.      
Series 2638, Class FA,      
0.629%, 11/15/2016 (P)   10,533 10,534
Series 3172, Class FK,      
0.679%, 08/15/2033 (P)   536,824 536,266
Series T-62, Class 1A1,      
1.451%, 10/25/2044 (P)   717,247 690,373
Federal National Mortgage Association      
Series 2006-118, Class A2,      
0.288%, 12/25/2036 (P)   118,422 114,798
Series 2004-63, Class FA,      
0.385%, 08/25/2034 (P)   139,222 133,764
Series 2003-W8, Class 3F2,      
0.585%, 05/25/2042 (P)   97,707 97,019
 
      1,582,754
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $12,578,144)   $ 11,740,109
 
ASSET BACKED SECURITIES - 4.42%      
Aquilae CLO PLC, Series 2006-1X,      
Class A 2.057%, 01/17/2023 (P) EUR 189,299 238,099
Bear Stearns Asset Backed Securities, Inc.      
Series 2006-HE9, Class 1A1,      
0.285%, 11/25/2036 (P) $ 5,672 5,455
Series 2006-AQ1, Class 2A1,      
0.315%, 10/25/2036 (P)   105,352 101,499
Citibank Omni Master Trust      
Series 2009-A8, Class A8,      
2.329%, 05/16/2016 (P)(S)   600,000 605,107
Series 2009-A14A, Class A14,      
2.979%, 08/15/2018 (P)(S)   400,000 418,513
Equity One Asset Backed Securities, Inc.,      
Series 2004-1, Class AV2      
0.535%, 04/25/2034 (P)   86,082 61,189
HSBC Home Equity Loan Trust,      
Series 2006-2, Class A1      
0.381%, 03/20/2036 (P)   128,726 118,198
HSI Asset Securitization Corp. Trust,      
Series 2006-HE1, Class 2A1      
0.285%, 10/25/2036 (P)   7,453 5,039

 

296

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Real Return Bond Trust (continued)  
  Shares or  
  Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
Illinois Student Assistance Commission,      
Series 2010-1, Class A1      
0.733%, 04/25/2017 (P) $ 190,396 $ 189,861
Landmark CDO, Ltd., Series 2005-1A,      
Class A1L 0.626%, 06/01/2017 (P)(S)   269,348 259,403
LCM LP, Series 5A, Class A1      
0.583%, 03/21/2019 (P)(S)   500,000 467,653
Magnolia Funding, Ltd., Series 2010-1A,      
Class A 1.835%, 04/11/2021 (P)(S) EUR 464,742 575,288
Nelnet Student Loan Trust, Series 2008-4,      
Class A2 0.953%, 07/25/2018 (P) $ 78,747 78,963
Park Place Securities, Inc.,      
Series 2005-WCW1, Class A1B      
0.495%, 09/25/2035 (P)   30,826 26,718
Penta CLO SA, Series 2007-1X, Class A1      
1.934%, 06/04/2024 (P) EUR 193,661 224,431
SLM Student Loan Trust      
Series 2010-C, Class A1,      
1.879%, 12/15/2017 (P)(S) $ 131,397 131,823
Series 2009-CT, Class 1A,      
2.350%, 04/15/2039 (P)(S)   316,917 320,086
Series 2009-C, Class A,      
4.500%, 11/16/2043 (P)(S)   469,582 448,836
Symphony CLO, Ltd., Series 2007-3A,      
Class A1A 0.526%, 05/15/2019 (P)(S)   500,000 460,564
Venture CDO, Ltd., Series 2006-7A,      
Class A1A 0.481%, 01/20/2022 (P)(S)   700,000 630,580
Wood Street CLO BV, Series II-A,      
Class A1 1.988%, 03/29/2021 (P)(S) EUR 214,111 269,307
TOTAL ASSET BACKED SECURITIES (Cost $5,725,604) $ 5,636,612
 
PREFERRED SECURITIES - 0.49%      
Financials - 0.49%      
Wells Fargo & Company, Series L, 7.500% $ 600 $ 619,836
TOTAL PREFERRED SECURITIES (Cost $600,000)   $ 619,836
 
OPTIONS PURCHASED - 0.00%      
Put - 0.00%      
Over the Counter USD Purchased Options      
on Interest Rate Swaption (Expiration      
Date: 11/19/2012; Strike Price : $2.00;      
Counterparty: Goldman Sachs Capital      
Markets LP) (I)   2,000,000 976
TOTAL OPTIONS PURCHASED (Cost $4,850)   $ 976
 
SHORT-TERM INVESTMENTS - 9.97%      
Repurchase Agreement - 4.28%      
Bank of America Tri-Party Repurchase      
Agreement dated 09/30/2011 at 0.090%      
to be repurchased at $4,900,037 on      
10/03/2011, collateralized by $5,021,000      
U.S. Treasury Notes, 1.375% due      
09/30/2018 (valued at $5,011,586,      
including interest)   4,900,000 4,900,000
Repurchase Agreement with State      
Street Corp. dated 09/30/2011 at      
0.010% to be repurchased at $561,000      
on 10/03/2011, collateralized by      
$575,000 Federal Home Loan Bank,      
0.200% due 09/14/2012 (valued at      
$575,000, including interest)   561,000 561,000
 
      5,461,000

 

Real Return Bond Trust (continued)    
    Shares or    
    Principal    
    Amount   Value
 
 
FOREIGN GOVERNMENT - 5.69%        
Japan Treasury Discount Bill, 0.000%,        
10/31/2011 * $ 560,000,000 $ 7,259,900
TOTAL SHORT-TERM INVESTMENTS (Cost $12,643,140) $ 12,720,900
Total Investments (Real Return Bond Trust)      
(Cost $193,403,650) - 152.79%     $ 194,947,031
Other assets and liabilities, net - (52.79%)     (67,354,974)
 
TOTAL NET ASSETS - 100.00%     $ 127,592,057
 
 
 
Science & Technology Trust      
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS - 94.32%        
Consumer Discretionary - 5.47%        
Automobiles - 0.20%        
Tesla Motors, Inc. (I)(L)   28,026 $ 683,554
Hotels, Restaurants & Leisure - 0.50%        
Ctrip.com International, Ltd., ADR (I)(L)   54,115   1,740,338
Internet & Catalog Retail - 4.04%        
Amazon.com, Inc. (I)(L)   41,745   9,026,521
Liberty Media Corp. - Interactive, Series A (I) 170,000   2,510,900
priceline.com, Inc. (I)(L)   5,690   2,557,427
 
        14,094,848
Media - 0.73%        
Time Warner, Inc. (L)   85,466   2,561,416
 
        19,080,156
Health Care - 1.36%        
Biotechnology - 0.57%        
Amgen, Inc.   36,100   1,983,695
Health Care Equipment & Supplies - 0.79%      
Medtronic, Inc.   52,800   1,755,072
Stryker Corp.   21,600   1,018,008
 
        2,773,080
 
        4,756,775
Industrials - 0.42%        
Aerospace & Defense - 0.42%        
Taser International, Inc. (I)(L)   343,200   1,479,192
Information Technology - 86.11%        
Communications Equipment - 9.64%        
Acme Packet, Inc. (I)   49,915   2,125,880
ADTRAN, Inc.   147,630   3,906,290
Aruba Networks, Inc. (I)(L)   169,825   3,551,041
BigBand Networks, Inc. (I)   46,100   59,008
Ciena Corp. (I)(L)   118,300   1,324,960
Cisco Systems, Inc.   585,405   9,067,923
Ixia (I)(L)   68,600   526,162
JDS Uniphase Corp. (I)(L)   245,200   2,444,644
Juniper Networks, Inc. (I)   206,452   3,563,362
QUALCOMM, Inc.   103,620   5,039,041
Telefonaktiebolaget LM Ericsson, ADR   177,815   1,698,133
Telefonaktiebolaget LM Ericsson, B Shares 35,250   337,752
 
        33,644,196
Computers & Peripherals - 17.80%        
Apple, Inc. (I)   91,750   34,973,265
Catcher Technology Company, Ltd.   437,000   2,506,606
Dell, Inc. (I)   382,700   5,415,205

 

297

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Science & Technology Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Computers & Peripherals (continued)    
EMC Corp. (I) 148,175 $ 3,110,193
Hewlett-Packard Company 183,915 4,128,892
NetApp, Inc. (I)(L) 123,690 4,198,039
SanDisk Corp. (I) 94,355 3,807,224
Seagate Technology PLC 100,100 1,029,028
Synaptics, Inc. (I)(L) 123,700 2,956,430
 
    62,124,882
Electronic Equipment, Instruments & Components - 3.08%  
Amphenol Corp., Class A 50,460 2,057,254
Corning, Inc. 86,100 1,064,196
Hitachi, Ltd. 943,000 4,690,225
TPK Holding Company, Ltd. (I) 134,400 2,491,847
Trimble Navigation, Ltd. (I) 12,900 432,795
 
    10,736,317
Internet Software & Services - 11.31%    
Akamai Technologies, Inc. (I) 105,000 2,087,400
Baidu, Inc., ADR (I) 72,400 7,740,284
Bitauto Holdings, Ltd., ADR (I) 14,600 89,060
Equinix, Inc. (I) 32,700 2,904,741
Facebook, Inc., Class A (I)(R) 14,734 458,921
Facebook, Inc., Class B (I)(R) 38,296 1,192,809
Google, Inc., Class A (I) 32,980 16,964,252
Netease.com, Inc., ADR (I) 62,865 2,398,928
Phoenix New Media, Ltd., ADR (I)(L) 85,387 484,998
RealNetworks, Inc. 139,900 1,179,357
Renren, Inc., ADR (I)(L) 745 3,800
SINA Corp. (I)(L) 55,705 3,989,035
Youku.com, Inc., Class A (I) 10 9
 
    39,493,594
IT Services - 3.57%    
Cognizant Technology    
Solutions Corp., Class A (I) 58,310 3,656,037
Genpact, Ltd. (I) 73,164 1,052,830
International Business Machines Corp. 10,950 1,916,578
MasterCard, Inc., Class A 8,760 2,778,322
Visa, Inc., Class A 35,490 3,042,203
 
    12,445,970
Semiconductors & Semiconductor Equipment - 15.89%  
Advanced Micro Devices, Inc. (I)(L) 240,400 1,221,232
Analog Devices, Inc. 95,455 2,982,969
Applied Materials, Inc. 233,500 2,416,725
Atmel Corp. (I) 524,470 4,232,473
Avago Technologies, Ltd. 19,950 653,762
Broadcom Corp., Class A (I) 56,200 1,870,898
Cirrus Logic, Inc. (I)(L) 12,060 177,764
Cree, Inc. (I)(L) 45,700 1,187,286
Cypress Semiconductor Corp. (I) 68,290 1,022,301
First Solar, Inc. (I)(L) 47,000 2,970,870
Intel Corp. 244,045 5,205,480
Intersil Corp., Class A 108,600 1,117,494
Lam Research Corp. (I) 119,300 4,531,014
Marvell Technology Group, Ltd. (I) 369,400 5,367,382
MEMC Electronic Materials, Inc. (I)(L) 167,000 875,080
Micron Technology, Inc. (I)(L) 594,100 2,994,264
NVIDIA Corp. (I) 250,100 3,126,250
ON Semiconductor Corp. (I) 739,620 5,303,075
Skyworks Solutions, Inc. (I) 88,425 1,586,345
Spansion, Inc., Class A (I) 52,205 637,945
Texas Instruments, Inc. 70,821 1,887,380
Tokyo Electron, Ltd. 50,000 2,264,946
TriQuint Semiconductor, Inc. (I)(L) 364,500 1,829,790
 
    55,462,725

 

Science & Technology Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)      
Software - 24.82%      
Adobe Systems, Inc. (I)   146,900 $ 3,550,573
Autodesk, Inc. (I)   198,177 5,505,357
BMC Software, Inc. (I)   34,500 1,330,320
CA, Inc.   190,900 3,705,369
CommVault Systems, Inc. (I)   39,200 1,452,752
Electronic Arts, Inc. (I)   48,486 991,539
Intuit, Inc. (I)   128,737 6,107,283
Microsoft Corp.   1,080,375 26,890,534
Nintendo Company, Ltd.   61,000 8,885,152
Oracle Corp.   294,190 8,455,021
RealD, Inc. (I)(L)   180,100 1,683,935
Red Hat, Inc. (I)   42,100 1,779,146
Rovi Corp. (I)   58,714 2,523,528
Salesforce.com, Inc. (I)(L)   44,300 5,062,604
TIBCO Software, Inc. (I)   252,925 5,662,991
UBISOFT Entertainment SA (I)   178,511 962,773
VMware, Inc., Class A (I)(L)   26,020 2,091,488
 
      86,640,365
 
      300,548,049
Materials - 0.96%      
Chemicals - 0.96%      
Monsanto Company   34,556 2,074,742
STR Holdings, Inc. (I)(L)   157,900 1,280,569
 
      3,355,311
 
      3,355,311
TOTAL COMMON STOCKS (Cost $362,048,640) $ 329,219,483
 
PREFERRED SECURITIES - 1.01%      
Information Technology - 1.01%      
Internet Software & Services - 1.01%      
Angie’s List, Inc. (R) $ 9,752 $ 689,829
Coupon.com, Inc. (R)   85,758 471,099
Silver Spring Networks, Series E (R)   38,600 347,400
Twitter, Inc., Series E (R)   125,031 2,012,199
 
      3,520,527
 
      3,520,527
TOTAL PREFERRED SECURITIES (Cost $1,879,977) $ 3,520,527
 
SECURITIES LENDING COLLATERAL - 11.25%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   3,926,432 39,284,740
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $39,283,513)   $ 39,284,740
 
SHORT-TERM INVESTMENTS - 4.89%      
Money Market Funds - 1.31%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0000% (Y) $ 427,283 $ 427,283
T.Rowe Price Prime Reserve      
Fund, 0.1383% (Y)   4,142,031 4,142,031
 
      4,569,314

 

298

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Science & Technology Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS (continued)    
Repurchase Agreement - 3.58%      
Repurchase Agreement with State Street Corp.    
dated 09/30/2011 at 0.010% to be      
repurchased at $12,502,010 on 10/03/2011,    
collateralized by $12,385,000 U.S. Treasury    
Notes, 1.500% due 12/31/2013 (valued at    
$12,756,550 including interest) $ 12,502,000 $ 12,502,000
TOTAL SHORT-TERM INVESTMENTS (Cost $17,071,314) $ 17,071,314
Total Investments (Science & Technology Trust)    
(Cost $420,283,444) - 111.47%     $ 389,096,064
Other assets and liabilities, net - (11.47%)   (40,043,012)
TOTAL NET ASSETS - 100.00%     $ 349,053,052
 
 
 
Short Term Government Income Trust  
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 91.91%      
U.S. Government - 17.62%      
U.S. Treasury Notes      
0.750%, 08/15/2013 (L) $ 7,400,000 $ 7,465,327
1.000%, 08/31/2016 (L)   5,840,000 5,858,688
1.125%, 12/15/2012   1,394,700 1,410,173
1.250%, 09/30/2015 (L)   8,010,000 8,193,357
1.375%, 11/30/2015   5,410,000 5,553,700
1.500%, 12/31/2013   24,285,000 24,933,871
1.750%, 03/31/2014   3,225,000 3,335,859
2.000%, 04/30/2016   5,275,000 5,551,938
2.125%, 05/31/2015   22,370,000 23,616,009
2.500%, 04/30/2015   11,425,000 12,207,795
 
      98,126,717
U.S. Government Agency - 74.29%      
Federal Agricultural Mortgage Corp.      
2.000%, 07/27/2016   6,464,000 6,576,002
2.125%, 09/15/2015   16,420,000 17,161,724
2.375%, 07/22/2015   20,010,000 21,012,021
3.150%, 06/05/2014   10,500,000 11,155,011
3.250%, 08/11/2014   3,195,000 3,404,985
5.125%, 04/19/2017   6,490,000 7,585,324
Federal Farm Credit Bank      
1.150%, 09/14/2015 (S)   8,455,000 8,459,904
1.370%, 12/15/2014   20,270,000 20,302,148
1.625%, 11/19/2014   8,175,000 8,410,056
2.625%, 04/17/2014   7,910,000 8,321,344
Federal Home Loan Bank      
1.125%, 09/15/2015   16,895,000 16,918,805
1.375%, 01/13/2015 to 03/07/2016   18,290,000 18,238,133
1.480%, 03/21/2016   7,650,000 7,620,532
1.550%, 08/24/2016   16,120,000 16,043,027
Federal Home Loan Mortgage Corp.      
1.125%, 08/08/2014   16,000,000 16,031,200
1.250%, 12/29/2014   13,442,000 13,506,038
2.667%, 11/01/2033 (P)   55,899 58,994
3.766%, 01/01/2037 (P)   500,526 528,420
4.271%, 09/01/2039 (P)   681,005 714,452
4.500%, 08/01/2024 to 11/01/2024   6,999,823 7,431,449
5.500%, 11/01/2035   989,598 1,075,289
5.560%, 05/01/2037 (P)   480,571 507,976
6.000%, 11/01/2028 to 12/01/2028   340,228 374,116

 

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)    
6.500%, 11/01/2037 $ 210,986 $ 233,231
7.000%, 04/01/2018 to 06/01/2032   468,705 530,896
9.000%, 10/01/2017   8,174 9,076
9.500%, 08/01/2020   34,741 40,615
12.000%, 07/01/2020   3,275 3,618
Federal National Mortgage Association      
0.850%, 09/12/2014   8,455,000 8,427,268
1.500%, 04/18/2014   17,575,000 17,680,907
2.250%, 01/01/2033 (P)   26,873 27,998
2.338%, 09/01/2033 (P)   206,324 216,488
2.765%, 12/01/2036 (P)   62,150 65,755
3.192%, 10/01/2040 (P)   9,631,982 9,944,126
3.550%, 07/01/2039 (P)   50,906 53,030
4.202%, 08/01/2039 (P)   2,158,513 2,266,883
4.279%, 05/01/2034 (P)   150,173 158,055
4.500%, 06/01/2023 to 03/01/2026   11,789,707 12,560,686
4.949%, 04/01/2048 (P)   22,507 24,305
5.000%, 04/01/2019 to 03/01/2025   2,720,348 2,927,398
5.500%, 04/01/2018 to 08/01/2040   10,465,696 11,396,354
6.000%, 10/01/2036 to 05/01/2037   9,364,727 10,319,842
6.500%, 02/01/2026 to 01/01/2039   25,911,207 28,614,162
7.000%, 07/01/2022 to 07/01/2034   1,116,227 1,264,777
7.500%, 09/01/2029 to 07/01/2034   289,107 331,657
8.000%, 07/01/2014 to 03/01/2033   498,422 567,999
8.500%, 08/01/2019   106,239 121,210
9.000%, 05/01/2021   2,927 3,095
11.500%, 09/15/2013 to 09/01/2019   14,815 15,920
12.000%, 01/01/2013 to 04/20/2016   41,696 46,430
12.500%, 09/20/2015   6,747 7,567
13.500%, 11/15/2014   2,144 2,190
Government National Mortgage Association      
3.500%, 10/20/2039 to 07/20/2041 (P)   23,779,772 24,997,258
3.750%, 10/20/2039 (P)   1,847,029 1,954,353
4.000%, 08/20/2039 to 12/20/2039 (P)   8,506,324 9,000,679
5.000%, 03/20/2040   245,220 269,452
6.000%, 09/15/2038 to 01/20/2039   1,293,504 1,442,254
6.500%, 02/15/2034 to 09/15/2034   585,978 659,664
7.500%, 02/15/2022 to 12/15/2027   236,102 269,936
8.000%, 12/15/2025   113,298 127,960
8.500%, 11/15/2015 to 06/15/2025   268,121 306,336
Tennessee Valley Authority      
4.375%, 06/15/2015   20,195,000 22,714,056
4.750%, 08/01/2013   6,925,000 7,459,735
6.000%, 03/15/2013   6,365,000 6,870,184
6.790%, 05/23/2012   17,729,000 18,467,005
 
      413,837,360
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $501,890,530)   $ 511,964,077
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 7.58%      
U.S. Government Agency - 7.58%      
Federal Home Loan Mortgage Corp.      
1.300%, 03/01/2016   7,740,000 7,742,268
Series 2525, Class AM,      
4.500%, 04/15/2032   692,679 749,752
Series 3499, Class PA,      
4.500%, 08/15/2036   1,567,272 1,660,022
Federal National Mortgage Association      
Series 2003-W14, Class 2A,      
3.881%, 01/25/2043 (P)   1,066,590 1,142,418

 

299

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Short Term Government Income Trust (continued)
    Shares or    
    Principal    
    Amount   Value
 
 
COLLATERALIZED MORTGAGE        
OBLIGATIONS (continued)        
U.S. Government Agency (continued)        
Federal National Mortgage        
Association (continued)        
Series 2010-53, Class MA,        
4.500%, 09/25/2037 $ 4,013,627 $ 4,240,460
Government National Mortgage Association      
3.000%, 07/20/2041 (P)   15,037,301   15,674,822
Series 2010-88, Class BA,        
4.500%, 01/20/2036   9,066,208   9,537,337
Series 2010-91, Class GA,        
4.500%, 09/20/2036   1,377,161   1,474,029
        42,221,108
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $42,201,179)     $ 42,221,108
 
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) 39,750   79,500
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)   28,575   54,293
        133,793
TOTAL PREFERRED SECURITIES (Cost $1,708,125) $ 133,793
 
SECURITIES LENDING COLLATERAL - 0.93%    
John Hancock Collateral        
Investment Trust, 0.2515% (W)(Y)   517,286   5,175,546
TOTAL SECURITIES LENDING        
COLLATERAL (Cost $5,175,694)     $ 5,175,546
 
SHORT-TERM INVESTMENTS - 0.03%      
 
REPURCHASE AGREEMENT - 0.03%        
Repurchase Agreement with State Street Corp.      
dated 09/30/2011 at 0.010% to be        
repurchased at $141,000 on 10/03/2011,        
collateralized by $141,000 Freddie Mac,        
0.780% due 09/08/2014 (valued at        
$145,084, including interest)   141,000   141,000
TOTAL SHORT-TERM INVESTMENTS (Cost $141,000) $ 141,000
Total Investments (Short Term Government Income Trust)    
(Cost $551,116,528) - 100.47%     $ 559,635,524
Other assets and liabilities, net - (0.47%)       (2,597,669)
TOTAL NET ASSETS - 100.00%     $ 557,037,855
 
 
 
Small Cap Growth Trust        
    Shares or    
    Principal    
    Amount   Value
 
 
COMMON STOCKS - 98.55%        
Consumer Discretionary - 19.52%        
Diversified Consumer Services - 2.32%        
Estacio Participacoes SA   193,290 $ 1,696,203
Weight Watchers International, Inc.   117,230   6,828,648
        8,524,851

 

Small Cap Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure - 2.94%    
AFC Enterprises, Inc. (I) 108,251 $ 1,280,609
Domino’s Pizza UK & IRL PLC 625,391 4,311,023
Texas Roadhouse, Inc., Class A (L) 114,560 1,514,483
The Cheesecake Factory, Inc. (I)(L) 149,892 3,694,838
 
    10,800,953
Household Durables - 0.74%    
Tempur-Pedic International, Inc. (I) 51,808 2,725,619
Internet & Catalog Retail - 1.38%    
Shutterfly, Inc. (I) 123,296 5,077,329
Leisure Equipment & Products - 0.92%    
Brunswick Corp. 239,652 3,364,714
Media - 1.29%    
AMC Networks, Inc. (I) 59,900 1,913,805
Cinemark Holdings, Inc. (L) 148,880 2,810,854
 
    4,724,659
Specialty Retail - 6.05%    
Dufry Group AG (I) 27,686 2,414,810
Express, Inc. 264,840 5,373,604
GNC Holdings, Inc., Class A (I)(L) 166,800 3,356,016
Lumber Liquidators Holdings, Inc. (I)(L) 171,242 2,585,754
Rue21, Inc. (I)(L) 106,099 2,407,386
The Children’s Place Retail Stores, Inc. (I)(L) 41,900 1,949,607
Ulta Salon Cosmetics & Fragrance, Inc. (I) 65,790 4,094,112
 
    22,181,289
Textiles, Apparel & Luxury Goods - 3.88%    
Columbia Sportswear Company (L) 55,660 2,582,624
Deckers Outdoor Corp. (I) 37,410 3,488,857
Hanesbrands, Inc. (I) 263,392 6,587,434
Steven Madden, Ltd. (I) 51,870 1,561,287
 
    14,220,202
 
    71,619,616
Consumer Staples - 5.02%    
Food & Staples Retailing - 0.70%    
The Fresh Market, Inc. (I)(L) 67,440 2,573,510
Food Products - 4.32%    
Diamond Foods, Inc. (L) 35,256 2,813,076
Green Mountain Coffee Roasters, Inc. (I) 140,250 13,034,835
 
    15,847,911
 
    18,421,421
Energy - 7.08%    
Energy Equipment & Services - 4.84%    
Atwood Oceanics, Inc. (I)(L) 110,370 3,792,313
Gulfmark Offshore, Inc., Class A (I) 137,395 4,992,934
Hornbeck Offshore Services, Inc. (I)(L) 129,730 3,231,574
ION Geophysical Corp. (I)(L) 429,686 2,032,415
Tidewater, Inc. (L) 88,600 3,725,630
 
    17,774,866
Oil, Gas & Consumable Fuels - 2.24%    
Carrizo Oil & Gas, Inc. (I) 111,860 2,410,583
James River Coal Company (I)(L) 247,012 1,573,466
Rosetta Resources, Inc. (I) 123,410 4,223,090
 
    8,207,139
 
    25,982,005
Financials - 2.79%    
Capital Markets - 0.68%    
Knight Capital Group, Inc., Class A (I) 206,140 2,506,662

 

300

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks - 1.13%    
Signature Bank (I) 86,440 $ 4,125,781
Consumer Finance - 0.13%    
Netspend Holdings, Inc. (I) 91,300 469,282
Diversified Financial Services - 0.85%    
Justice Holdings, Ltd. (I) 212,905 3,121,161
 
    10,222,886
Health Care - 19.49%    
Biotechnology - 4.05%    
Ardea Biosciences, Inc. (I)(L) 82,698 1,291,743
Exelixis, Inc. (I)(L) 230,000 1,255,800
Immunogen, Inc. (I) 137,400 1,505,904
Incyte Corp. (I)(L) 170,550 2,382,584
Ironwood Pharmaceuticals, Inc. (I) 210,630 2,274,804
Onyx Pharmaceuticals, Inc. (I) 81,800 2,454,818
Seattle Genetics, Inc. (I)(L) 193,090 3,680,295
 
    14,845,948
Health Care Equipment & Supplies - 6.81%    
Gen-Probe, Inc. (I) 125,930 7,209,493
HeartWare International, Inc. (I)(L) 43,755 2,818,260
Insulet Corp. (I)(L) 132,060 2,015,236
NuVasive, Inc. (I)(L) 113,130 1,931,129
Orthofix International NV (I) 74,200 2,560,642
Tornier BV (I)(L) 153,510 3,145,420
Volcano Corp. (I) 110,840 3,284,189
Zoll Medical Corp. (I)(L) 53,720 2,027,393
 
    24,991,762
Health Care Providers & Services - 2.58%    
Catalyst Health Solutions, Inc. (I) 96,160 5,547,470
WellCare Health Plans, Inc. (I) 102,870 3,907,003
 
    9,454,473
Health Care Technology - 2.35%    
Allscripts Healthcare Solutions, Inc. (I) 155,920 2,809,678
SXC Health Solutions Corp. (I) 104,660 5,829,562
 
    8,639,240
Life Sciences Tools & Services - 2.89%    
Parexel International Corp. (I)(L) 185,261 3,506,991
Pharmaceutical Product Development, Inc. 195,940 5,027,820
WuXi PharmaTech Cayman, Inc., ADR (I) 179,400 2,088,216
 
    10,623,027
Pharmaceuticals - 0.81%    
Salix Pharmaceuticals, Ltd. (I) 100,410 2,972,136
 
    71,526,586
Industrials - 17.86%    
Aerospace & Defense - 2.85%    
DigitalGlobe, Inc. (I) 253,123 4,918,180
Moog, Inc., Class A (I) 87,820 2,864,688
Teledyne Technologies, Inc. (I) 54,440 2,659,938
 
    10,442,806
Airlines - 1.40%    
Copa Holdings SA, Class A 83,650 5,125,236
Building Products - 0.57%    
Trex Company, Inc. (I)(L) 129,315 2,072,919
Commercial Services & Supplies - 4.97%    
Corrections Corp. of America (I) 326,971 7,418,972
Interface, Inc., Class A 185,682 2,202,189
Sykes Enterprises, Inc. (I) 234,715 3,508,989

 

Small Cap Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Services & Supplies (continued)    
The Geo Group, Inc. (I) 275,510 $ 5,113,466
 
    18,243,616
Construction & Engineering - 0.50%    
Aecom Technology Corp. (I) 104,350 1,843,865
Machinery - 0.56%    
Meritor, Inc. (I)(L) 293,090 2,069,215
Professional Services - 2.45%    
The Advisory Board Company (I) 139,410 8,996,127
Road & Rail - 2.86%    
J.B. Hunt Transport Services, Inc. 137,320 4,959,998
Localiza Rent a Car SA 151,500 2,006,302
Old Dominion Freight Line, Inc. (I) 121,250 3,512,613
 
    10,478,913
Trading Companies & Distributors - 1.70%    
Beacon Roofing Supply, Inc. (I) 135,221 2,162,184
United Rentals, Inc. (I)(L) 242,550 4,084,542
 
    6,246,726
 
    65,519,423
Information Technology - 25.13%    
Communications Equipment - 4.53%    
Acme Packet, Inc. (I) 89,180 3,798,176
Aruba Networks, Inc. (I)(L) 255,555 5,343,655
Finisar Corp. (I)(L) 119,950 2,103,923
Ixia (I) 252,340 1,935,448
Polycom, Inc. (I) 187,990 3,453,376
 
    16,634,578
Electronic Equipment, Instruments & Components - 2.11%  
Jabil Circuit, Inc. 352,090 6,263,681
Universal Display Corp. (I)(L) 30,730 1,473,196
 
    7,736,877
Internet Software & Services - 3.66%    
Ancestry.com, Inc. (I)(L) 17,856 419,616
Dice Holdings, Inc. (I) 281,190 2,198,906
IAC/InterActiveCorp (I) 157,080 6,212,514
Liquidity Services, Inc. (I) 41,877 1,342,995
LivePerson, Inc. (I) 260,311 2,590,094
Velti PLC (I) 99,203 655,732
 
    13,419,857
IT Services - 3.77%    
Forrester Research, Inc. 143,730 4,672,662
Sapient Corp. (L) 529,680 5,370,955
Syntel, Inc. 87,840 3,793,810
 
    13,837,427
Semiconductors & Semiconductor Equipment - 3.98%  
Applied Micro Circuits Corp. (I) 420,920 2,260,340
Cavium Inc. (I)(L) 90,630 2,447,916
Cypress Semiconductor Corp. (I) 147,370 2,206,129
Lattice Semiconductor Corp. (I) 219,952 1,154,748
Mindspeed Technologies, Inc. (I)(L) 255,930 1,330,836
Skyworks Solutions, Inc. (I) 289,730 5,197,756
 
    14,597,725
Software - 7.08%    
Ariba, Inc. (I) 137,880 3,820,655
BroadSoft, Inc. (I)(L) 131,970 4,005,290
Cadence Design Systems, Inc. (I) 798,760 7,380,544
Concur Technologies, Inc. (I)(L) 84,160 3,132,435
MICROS Systems, Inc. (I) 6,400 281,024
MicroStrategy, Inc., Class A (I) 33,860 3,862,410

 

301

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Growth Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Software (continued)      
QLIK Technologies, Inc. (I)   103,930 $ 2,251,124
RealPage, Inc. (I)   62,140 1,270,763
 
      26,004,245
      92,230,709
Materials - 1.66%      
Chemicals - 0.81%      
Methanex Corp.   142,980 2,979,703
Metals & Mining - 0.85%      
Detour Gold Corp. (I)   119,310 3,108,277
 
      6,087,980
TOTAL COMMON STOCKS (Cost $392,607,743) $ 361,610,626
 
SECURITIES LENDING COLLATERAL - 16.61%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   6,092,813 60,959,817
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $60,965,087)   $ 60,959,817
 
SHORT-TERM INVESTMENTS - 0.96%    
Repurchase Agreement - 0.96%      
Deutsche Bank Tri-Party Repurchase      
Agreement dated 09/30/2011 at 0.050% to    
be repurchased at $3,500,015 on      
10/03/2011, collateralized by $3.557,049      
Government National Mortgage Association,    
5.000% due 04/15/2040 (valued at      
$3,570,001, including interest) $ 3,500,000 $ 3,500,000
TOTAL SHORT-TERM INVESTMENTS (Cost $3,500,000) $ 3,500,000
Total Investments (Small Cap Growth Trust)    
(Cost $457,072,830) - 116.12%   $ 426,070,443
Other assets and liabilities, net - (16.12%)   (59,132,481)
TOTAL NET ASSETS - 100.00%   $ 366,937,962
 
 
 
Small Cap Index Trust      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 93.97%      
Consumer Discretionary - 12.28%      
Auto Components - 0.72%      
American Axle &      
Manufacturing Holdings, Inc. (I)   40,672 $ 310,306
Amerigon, Inc. (I)(L)   13,866 176,514
Cooper Tire & Rubber Company   37,222 405,348
Dana Holding Corp. (I)   87,702 920,871
Dorman Products, Inc. (I)   6,523 215,781
Drew Industries, Inc.   11,546 230,689
Exide Technologies (I)   46,955 187,820
Fuel Systems Solutions, Inc. (I)(L)   10,494 201,590
Modine Manufacturing Company (I)   28,332 256,688
Motorcar Parts of America, Inc. (I)   8,708 71,667
Spartan Motors, Inc. (L)   22,747 93,945
Standard Motor Products, Inc.   12,306 159,609
Stoneridge, Inc. (I)   16,557 86,428
Superior Industries International, Inc.   13,953 215,574
Tenneco, Inc. (I)(L)   36,333 930,488
 
      4,463,318

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Automobiles - 0.02%    
Winnebago Industries, Inc. (I)(L) 18,264 $ 126,387
Commercial Services & Supplies - 0.00%    
Actrade Financial Technologies, Ltd. (I) 722 0
Distributors - 0.19%    
Audiovox Corp., Class A (I) 12,270 67,362
Core-Mark Holding Company, Inc. 7,126 218,269
Pool Corp. 28,957 758,094
Weyco Group, Inc. (L) 5,069 113,039
 
    1,156,764
Diversified Consumer Services - 1.17%    
American Public Education, Inc. (I)(L) 10,907 370,838
Archipelago Learning, Inc. (I)(L) 9,568 80,371
Ascent Media Corp., Class A (I) 9,039 355,413
Bridgepoint Education, Inc. (I)(L) 10,816 188,631
Capella Education Company (I)(L) 9,589 272,136
Coinstar, Inc. (I)(L) 18,738 749,520
Corinthian Colleges, Inc. (I)(L) 47,365 73,889
Grand Canyon Education, Inc. (I)(L) 17,735 286,420
Hillenbrand, Inc. 37,302 686,357
K12, Inc. (I)(L) 15,720 400,231
Lincoln Educational Services Corp. 13,765 111,359
Mac-Gray Corp. 8,686 112,136
Matthews International Corp., Class A 17,775 546,759
Regis Corp. (L) 34,566 487,035
Sotheby’s 40,479 1,116,006
Steiner Leisure, Ltd. (I) 9,057 369,254
Stewart Enterprises, Inc., Class A (L) 46,726 278,020
Strayer Education, Inc. (L) 7,332 562,144
Universal Technical Institute, Inc. (I) 13,035 177,146
 
    7,223,665
Hotels, Restaurants & Leisure - 2.59%    
AFC Enterprises, Inc. (I) 15,630 184,903
Ambassadors Group, Inc. 13,514 77,435
Ameristar Casinos, Inc. 19,600 314,580
Benihana, Inc., Class A (I) 9,350 80,504
Biglari Holdings, Inc. (I) 724 214,586
BJ’s Restaurants, Inc. (I) 14,433 636,640
Bob Evans Farms, Inc. 18,126 516,954
Boyd Gaming Corp. (I)(L) 33,011 161,754
Bravo Brio Restaurant Group, Inc. (I) 11,850 197,184
Buffalo Wild Wings, Inc. (I)(L) 10,969 655,946
Caribou Coffee Company, Inc. (I) 8,427 99,607
Carrols Restaurant Group, Inc. (I) 9,222 82,076
CEC Entertainment, Inc. 12,090 344,202
Churchill Downs, Inc. 7,814 304,980
Cracker Barrel Old Country Store, Inc. 13,712 549,577
Denny’s Corp. (I) 62,913 209,500
DineEquity, Inc. (I)(L) 9,398 361,729
Domino’s Pizza, Inc. (I) 37,140 1,012,065
Gaylord Entertainment Company (I)(L) 21,301 411,961
International Speedway Corp., Class A 17,590 401,756
Interval Leisure Group, Inc. (I) 24,855 331,069
Isle of Capri Casinos, Inc. (I)(L) 13,897 67,261
Jack in the Box, Inc. (I) 29,680 591,226
Jamba, Inc. (I) 47,089 60,745
Krispy Kreme Doughnuts, Inc. (I) 34,998 238,686
Life Time Fitness, Inc. (I)(L) 25,284 931,715
Marcus Corp. 13,975 139,051
McCormick & Schmick’s    
Seafood Restaurants, Inc. (I) 11,097 76,791
Morgans Hotel Group Company (I) 16,276 97,493
Multimedia Games Holding Company, Inc. (I) 19,385 78,315
O’Charley’s, Inc. (I)(L) 13,392 79,548

 

302

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Orient Express Hotels, Ltd., Class A (I) 56,443 $ 390,021
P.F. Chang’s China Bistro, Inc. (L) 13,537 368,748
Papa John’s International, Inc. (I) 12,095 367,688
Peet’s Coffee & Tea, Inc. (I)(L) 7,691 427,927
Pinnacle Entertainment, Inc. (I)(L) 37,329 338,947
Red Lion Hotels Corp. (I) 12,400 83,204
Red Robin Gourmet Burgers, Inc. (I)(L) 7,776 187,324
Ruby Tuesday, Inc. (I) 39,238 280,944
Ruth’s Hospitality Group, Inc. (I)(L) 23,650 101,459
Scientific Games Corp., Class A (I) 35,877 255,444
Shuffle Master, Inc. (I) 33,510 281,819
Six Flags Entertainment Corp. (L) 24,947 691,531
Sonic Corp. (I) 38,078 269,211
Speedway Motorsports, Inc. 9,687 117,019
Texas Roadhouse, Inc., Class A (L) 37,626 497,416
The Cheesecake Factory, Inc. (I)(L) 34,340 846,481
Town Sports International Holdings, Inc. (I) 13,839 100,471
Vail Resorts, Inc. (L) 21,442 810,293
 
    15,925,786
Household Durables - 0.67%    
American Greetings Corp., Class A (L) 24,065 445,203
Beazer Homes USA, Inc. (I)(L) 47,915 72,352
Blyth, Inc. (L) 3,278 181,765
Cavco Industries, Inc. (I) 4,401 151,570
CSS Industries, Inc. 5,424 90,472
Ethan Allen Interiors, Inc. (L) 14,736 200,557
Furniture Brands International, Inc. (I)(L) 27,150 55,929
Helen of Troy, Ltd. (I) 18,379 461,680
Hovnanian Enterprises, Inc., Class A (I)(L) 42,673 52,061
iRobot Corp. (I) 14,365 361,423
KB Home (L) 46,525 272,637
La-Z-Boy, Inc. (I) 31,331 232,163
Libbey, Inc. (I) 13,400 141,236
M/I Homes, Inc. (I) 12,281 73,809
MDC Holdings, Inc. (L) 22,272 377,288
Meritage Homes Corp. (I) 17,001 257,395
Ryland Group, Inc. (L) 26,827 285,708
Standard Pacific Corp. (I)(L) 64,177 158,517
Universal Electronics, Inc. (I) 9,764 160,032
Zagg, Inc. (I)(L) 12,247 121,490
 
    4,153,287
Internet & Catalog Retail - 0.37%    
Blue Nile, Inc. (I)(L) 7,946 280,335
HSN, Inc. 24,053 796,876
NutriSystem, Inc. (L) 17,064 206,645
Overstock.com, Inc. (I)(L) 7,933 73,539
PetMed Express, Inc. (L) 14,230 128,070
Shutterfly, Inc. (I) 17,923 738,069
ValueVision Media, Inc. (I) 25,555 60,310
 
    2,283,844
Leisure Equipment & Products - 0.34%    
Arctic Cat, Inc. (I) 7,761 112,457
Brunswick Corp. (L) 53,504 751,196
Callaway Golf Company (L) 39,800 205,766
Eastman Kodak Co. (I)(L) 162,427 126,709
Jakks Pacific, Inc. (L) 17,109 324,216
Leapfrog Enterprises, Inc. (I) 27,345 92,153
Smith & Wesson Holding Corp. (I)(L) 39,378 99,233
Steinway Musical Instruments, Inc. (I) 4,393 94,713
Sturm Ruger & Company, Inc. 11,420 296,692
 
    2,103,135

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media - 1.21%    
AH Belo Corp. 12,562 $ 52,760
Arbitron, Inc. 16,341 540,560
Belo Corp., Class A 56,953 278,500
Central European    
Media Enterprises, Ltd. (I)(L) 22,234 173,648
Cinemark Holdings, Inc. 55,341 1,044,838
Entercom    
Communications Corp., Class A (I)(L) 16,053 84,278
EW Scripps Company (I) 21,413 149,891
Fisher Communications, Inc. (I) 6,013 134,330
Gray Television, Inc. (I)(L) 35,302 55,071
Harte-Hanks, Inc. 27,275 231,292
Interclick, Inc. (I) 15,112 83,872
Journal Communications, Inc., Class A (I) 28,389 84,315
Knology, Inc. (I) 18,727 243,076
LIN TV Corp., Class A (I) 22,316 48,649
Lions Gate Entertainment Corp. (I)(L) 27,307 188,418
Live Nation Entertainment, Inc. (I) 84,837 679,544
Martha Stewart Living    
Omnimedia, Inc., Class A (I)(L) 11,368 35,468
MDC Partners, Inc., Class A 15,426 222,443
Meredith Corp. (L) 21,598 488,979
National CineMedia, Inc. 33,984 493,108
Nexstar Broadcasting Group, Inc. (I) 5,922 39,144
ReachLocal, Inc. (I) 6,432 69,916
Rentrak Corp. (I) 6,822 85,889
Scholastic Corp. (L) 15,875 444,976
Sinclair Broadcast Group, Inc., Class A 31,523 226,020
The McClatchy Company, Class A (I)(L) 37,058 49,658
The New York Times Company, Class A (I)(L) 82,228 477,745
Valassis Communications, Inc. (I) 29,421 551,350
World Wrestling    
Entertainment, Inc., Class A (L) 17,874 159,257
 
    7,416,995
Multiline Retail - 0.25%    
99 Cents Only Stores (I) 28,002 515,797
Fred’s, Inc., Class A (L) 23,907 254,849
Saks, Inc. (I)(L) 69,435 607,556
The Bon-Ton Stores, Inc. 6,650 33,051
Tuesday Morning Corp. (I) 29,286 103,087
 
    1,514,340
Specialty Retail - 3.18%    
Aeropostale, Inc. (I)(L) 48,513 524,426
Americas Car-Mart, Inc. (I) 5,857 169,970
ANN, Inc. (I) 31,283 714,504
Asbury Automotive Group, Inc. (I) 17,503 288,624
Ascena Retail Group, Inc. (I) 37,706 1,020,701
Barnes & Noble, Inc. (L) 17,445 206,374
Bebe Stores, Inc. 23,914 160,702
Big 5 Sporting Goods Corp. 14,533 88,361
Body Central Corp. (I) 7,392 134,239
Brown Shoe Company, Inc. (L) 26,787 190,723
Cabela’s, Inc. (I)(L) 26,032 533,396
Casual Male Retail Group, Inc. (I) 28,251 106,224
Charming Shoppes, Inc. (I)(L) 70,636 183,654
Christopher & Banks Corp. 24,172 85,327
Citi Trends, Inc. (I) 9,790 115,228
Collective Brands, Inc. (I)(L) 37,198 482,086
Conn’s, Inc. (I)(L) 6,314 45,335
Cost Plus, Inc. (I)(L) 12,682 79,897
Destination Maternity Corp. 7,219 92,909
Express, Inc. 33,192 673,466
Genesco, Inc. (I)(L) 14,239 733,736

 

303

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
GNC Holdings, Inc., Class A (I)(L) 13,852 $ 278,702
Group 1 Automotive, Inc. (L) 14,450 513,698
Haverty Furniture Companies, Inc. 12,641 126,284
hhgregg, Inc. (I)(L) 11,233 109,522
Hibbett Sports, Inc. (I)(L) 16,578 561,828
HOT Topic, Inc. 27,651 210,977
Jos A. Bank Clothiers, Inc. (I)(L) 16,590 773,592
Kirkland’s, Inc. (I) 11,380 104,355
Lithia Motors, Inc., Class A 13,373 192,304
Lumber Liquidators Holdings, Inc. (I)(L) 14,320 216,232
MarineMax, Inc. (I)(L) 15,203 98,363
Monro Muffler Brake, Inc. 18,364 605,461
New York & Company, Inc. (I) 12,721 40,580
Office Depot, Inc. (I) 167,592 345,240
OfficeMax, Inc. (I) 52,208 253,209
Pacific Sunwear of California, Inc. (I) 23,854 28,625
Penske Automotive Group, Inc. (L) 26,897 430,352
PEP Boys - Manny, Moe & Jack (L) 31,685 312,731
Pier 1 Imports, Inc. (I) 63,921 625,147
Rent-A-Center, Inc. 38,170 1,047,767
Rue21, Inc. (I)(L) 9,244 209,746
Select Comfort Corp. (I) 33,460 467,436
Shoe Carnival, Inc. (I) 5,791 136,668
Sonic Automotive, Inc. (L) 24,225 261,388
Stage Stores, Inc. 21,696 300,924
Stein Mart, Inc. 17,128 107,050
Systemax, Inc. (I)(L) 7,134 90,744
Talbots, Inc. (I)(L) 43,642 117,833
The Buckle, Inc. (L) 16,151 621,167
The Cato Corp., Class A 16,480 371,789
The Children’s Place Retail Stores, Inc. (I)(L) 15,676 729,404
The Finish Line, Inc., Class A 31,216 624,008
The Men’s Wearhouse, Inc. 30,786 802,899
The Wet Seal, Inc., Class A (I) 62,324 279,212
Vitamin Shoppe, Inc. (I) 14,969 560,439
West Marine, Inc. (I) 9,202 70,855
Zale Corp. (I)(L) 20,417 58,188
Zumiez, Inc. (I) 12,999 227,612
 
    19,542,213
Textiles, Apparel & Luxury Goods - 1.57%    
Carter’s, Inc. (I)(L) 29,386 897,448
Cherokee, Inc. 6,511 83,666
Columbia Sportswear Company (L) 7,231 335,518
Crocs, Inc. (I) 51,324 1,214,839
Delta Apparel, Inc. (I) 5,238 82,499
G-III Apparel Group, Ltd. (I) 9,966 227,823
Iconix Brand Group, Inc. (I) 43,914 693,841
K-Swiss, Inc., Class A (I)(L) 16,616 70,618
Liz Claiborne, Inc. (I)(L) 57,967 289,835
Maidenform Brands, Inc. (I)(L) 14,345 335,816
Movado Group, Inc. 11,992 146,063
Oxford Industries, Inc. (L) 7,716 264,659
Perry Ellis International, Inc. (I) 7,991 150,231
Quiksilver, Inc. (I)(L) 78,085 238,159
Skechers U.S.A., Inc., Class A (I)(L) 22,582 316,825
Steven Madden, Ltd. (I) 22,757 684,986
The Jones Group, Inc. 52,432 482,899
The Warnaco Group, Inc. (I)(L) 26,285 1,211,476
True Religion Apparel, Inc. (I) 15,726 423,973
Unifi, Inc. (I) 9,147 74,731
Vera Bradley, Inc. (I)(L) 11,961 431,194

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods (continued)    
Wolverine World Wide, Inc. 29,662 $ 986,262
 
    9,643,361
 
    75,553,095
Consumer Staples - 3.60%    
Beverages - 0.21%    
Boston Beer Company, Inc. (I) 5,147 374,187
Central European Distribution Corp. (I)(L) 44,399 311,237
Coca-Cola Bottling Company Consolidated 2,911 161,444
Heckmann Corp. (I)(L) 55,789 295,124
National Beverage Corp. (L) 6,982 105,847
Primo Water Corp. (I) 8,152 45,977
 
    1,293,816
Food & Staples Retailing - 1.08%    
Casey’s General Stores, Inc. 22,690 990,419
Ingles Markets, Inc. 9,163 130,481
Nash Finch Company 7,460 200,898
Pricesmart, Inc. (L) 10,820 674,302
Rite Aid Corp. (I)(L) 360,274 353,069
Ruddick Corp. 29,256 1,140,691
Spartan Stores, Inc. 13,887 214,971
Susser Holdings Corp. (I) 6,006 119,700
The Andersons, Inc. 11,151 375,343
The Fresh Market, Inc. (I) 16,821 641,889
The Pantry, Inc. (I) 14,388 174,526
United Natural Foods, Inc. (I) 29,041 1,075,679
Village Super Market, Inc. 4,326 103,564
Weis Markets, Inc. (L) 6,582 243,929
Winn-Dixie Stores, Inc. (I)(L) 33,892 200,641
 
    6,640,102
Food Products - 1.49%    
B&G Foods, Inc. (L) 28,963 483,103
Cal-Maine Foods, Inc. (L) 8,780 275,955
Calavo Growers, Inc. 7,811 160,282
Chiquita Brands International, Inc. (I) 27,609 230,259
Darling International, Inc. (I) 70,380 886,084
Diamond Foods, Inc. (L) 13,282 1,059,771
Dole Food Company, Inc. (I)(L) 21,944 219,440
Fresh Del Monte Produce, Inc. (L) 21,362 495,598
Imperial Sugar Company (L) 7,713 49,672
J & J Snack Foods Corp. 8,773 421,543
Lancaster Colony Corp. (L) 11,205 683,617
Limoneira Company (L) 5,447 77,783
Omega Protein Corp. (I) 12,327 111,929
Pilgrim’s Pride Corp. (I)(L) 31,258 133,472
Sanderson Farms, Inc. (L) 13,326 632,985
Seneca Foods Corp., Class A (I)(L) 6,212 122,998
Smart Balance, Inc. (I) 38,692 228,283
Snyders-Lance, Inc. (L) 28,455 593,287
The Hain Celestial Group, Inc. (I) 21,593 659,666
Tootsie Roll Industries, Inc. (L) 14,244 343,565
TreeHouse Foods, Inc. (I) 21,311 1,317,872
 
    9,187,164
Household Products - 0.14%    
Central Garden & Pet Company, Class A (I) 29,371 207,947
Spectrum Brands Holdings, Inc. (I) 10,188 240,641
WD-40 Company 10,611 422,742
 
    871,330
Personal Products - 0.47%    
Elizabeth Arden, Inc. (I) 15,036 427,624
Inter Parfums, Inc. 10,376 160,309
Medifast, Inc. (I)(L) 8,470 136,791

 

304

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Personal Products (continued)    
Nature’s Sunshine Products, Inc. (I) 7,512 $ 105,769
Nu Skin Enterprises, Inc., Class A (L) 32,787 1,328,529
Nutraceutical International Corp. (I) 7,362 94,086
Prestige Brands Holdings, Inc. (I) 30,461 275,672
Revlon, Inc. (I) 7,262 89,468
Schiff Nutrition International, Inc. (I) 8,648 95,820
Synutra International, Inc. (I)(L) 11,740 62,457
USANA Health Sciences, Inc. (I)(L) 4,245 116,738
 
    2,893,263
Tobacco - 0.21%    
Alliance One International, Inc. (I) 55,651 135,788
Star Scientific, Inc. (I)(L) 64,440 148,856
Universal Corp. (L) 13,579 486,943
Vector Group, Ltd. (L) 28,829 495,279
 
    1,266,866
    22,152,541
Energy - 5.83%    
Energy Equipment & Services - 1.76%    
Basic Energy Services, Inc. (I) 14,578 206,424
Bristow Group, Inc. (L) 21,779 924,083
Cal Dive International, Inc. (I) 59,109 112,898
Complete Production Services, Inc. (I) 47,310 891,794
Dawson Geophysical Company (I) 5,005 118,018
Dril-Quip, Inc. (I) 20,568 1,108,821
Exterran Holdings, Inc. (I)(L) 38,598 375,173
Global Geophysical Services, Inc. (I) 11,253 89,686
Global Industries, Ltd. (I)(L) 62,041 491,365
Gulf Islands Fabrication, Inc. 8,821 182,418
Gulfmark Offshore, Inc., Class A (I) 14,342 521,188
Helix Energy Solutions Group, Inc. (I) 63,694 834,391
Hercules Offshore, Inc. (I)(L) 69,655 203,393
Hornbeck Offshore Services, Inc. (I)(L) 13,644 339,872
ION Geophysical Corp. (I)(L) 78,947 373,419
Key Energy Services, Inc. (I) 74,471 706,730
Lufkin Industries, Inc. 18,269 972,093
Matrix Service Company (I) 16,465 140,117
Mitcham Industries, Inc. (I) 6,594 73,853
Natural Gas Services Group, Inc. (I) 8,491 108,940
Newpark Resources, Inc. (I)(L) 54,691 333,068
OYO Geospace Corp. (I) 2,627 147,874
Parker Drilling Company (I) 70,300 308,617
PHI, Inc. (I) 9,033 172,892
Pioneer Drilling Company (I) 32,735 235,037
Tesco Corp. (I) 18,279 212,036
Tetra Technologies, Inc. (I) 46,529 359,204
Union Drilling, Inc. (I) 10,028 47,132
Vantage Drilling Company (I) 108,442 135,553
Willbros Group, Inc. (I) 24,153 100,718
 
    10,826,807
Oil, Gas & Consumable Fuels - 4.07%    
Abraxas Petroleum Corp. (I)(L) 51,064 134,809
Alon USA Energy, Inc. 4,973 30,484
Amyris, Inc. (I)(L) 10,841 219,422
Apco Oil and Gas International, Inc. (L) 5,360 398,891
Approach Resources, Inc. (I) 13,545 230,130
ATP Oil & Gas Corp. (I) 27,212 209,805
Berry Petroleum Company, Class A 30,840 1,091,119
Bill Barrett Corp. (I) 28,117 1,018,960
BPZ Resources, Inc. (I)(L) 62,485 173,083
Callon Petroleum Company (I) 24,356 94,258
Carrizo Oil & Gas, Inc. (I)(L) 23,426 504,830
Cheniere Energy, Inc. (I)(L) 42,406 218,391

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Clayton Williams Energy, Inc. (I)(L) 3,622 $ 155,058
Clean Energy Fuels Corp. (I)(L) 30,133 335,079
Cloud Peak Energy, Inc. (I) 36,621 620,726
Comstock Resources, Inc. (I) 28,498 440,579
Contango Oil & Gas Company (I)(L) 7,393 404,471
Crosstex Energy, Inc. 25,035 337,472
CVR Energy, Inc. (I) 52,729 1,114,691
Delek US Holdings, Inc. 8,635 97,316
DHT Holdings, Inc. (L) 42,922 87,561
Endeavour International Corp. (I)(L) 22,558 180,013
Energy Partners, Ltd. (I) 17,373 192,319
Energy XXI Bermuda, Ltd. (I) 45,069 966,730
Evolution Petroleum Corp. (I) 12,250 86,485
Frontline, Ltd. (L) 30,848 149,613
FX Energy, Inc. (I) 31,902 131,755
Gastar Exploration, Ltd. (I) 36,971 110,913
General Maritime Corp. 78,105 20,307
Georesources, Inc. (I)(L) 12,185 216,771
GMX Resources, Inc. (I)(L) 37,633 85,427
Golar LNG, Ltd. (L) 21,937 697,158
Goodrich Petroleum Corp. (I)(L) 15,889 187,808
Green Plains Renewable Energy, Inc. (I)(L) 13,109 122,307
Gulfport Energy Corp. (I) 23,283 562,983
Harvest Natural Resources, Inc. (I)(L) 20,555 176,156
Houston American Energy Corp. (L) 10,168 139,912
Hyperdynamics Corp. (I)(L) 93,887 347,382
James River Coal Company (I)(L) 21,431 136,515
Knightsbridge Tankers, Ltd. (L) 13,351 220,959
Kodiak Oil & Gas Corp. (I)(L) 107,468 559,908
L&L Energy, Inc. (I)(L) 10,828 29,236
Magnum Hunter Resources Corp. (I)(L) 66,951 221,608
McMoRan Exploration Company (I)(L) 58,959 585,463
Miller Energy Resources, Inc. (I)(L) 19,854 52,415
Nordic American Tanker Shipping, Ltd. (L) 27,532 388,201
Northern Oil and Gas, Inc. (I)(L) 37,903 734,939
Oasis Petroleum, Inc. (I)(L) 35,569 794,256
Overseas Shipholding Group, Inc. (L) 16,168 222,148
Panhandle Oil and Gas, Inc. (L) 4,879 138,417
Patriot Coal Corp. (I) 54,894 464,403
Penn Virginia Corp. (L) 27,752 154,579
Petroleum Development Corp. (I)(L) 14,248 276,269
Petroquest Energy, Inc. (I)(L) 34,053 187,292
Rentech, Inc. (I)(L) 144,664 112,867
Resolute Energy Corp. (I) 27,992 317,989
REX American Resources Corp (I) 5,329 89,954
Rex Energy Corp. (I)(L) 21,236 268,635
Rosetta Resources, Inc. (I) 31,778 1,087,443
Scorpio Tankers, Inc. (I)(L) 19,091 100,800
SemGroup Corp., Class A (I) 24,832 495,647
Ship Finance International, Ltd. (L) 26,458 343,954
Solazyme, Inc. (I) 7,341 70,547
Stone Energy Corp. (I) 29,448 477,352
Swift Energy Company (I) 25,357 617,189
Syntroleum Corp. (I)(L) 52,118 44,827
Targa Resources Corp. 10,126 301,249
Teekay Tankers, Ltd., Class A (L) 25,794 118,652
Triangle Petroleum Corp. (I) 27,074 97,196
Ur-Energy, Inc. (I)(L) 69,955 62,960
Uranerz Energy Corp. (I)(L) 41,093 56,297
Uranium Energy Corp. (I)(L) 45,611 124,974
Uranium Resources, Inc. (I)(L) 61,453 41,880
USEC, Inc. (I)(L) 70,425 113,384
Vaalco Energy, Inc. (I) 31,354 152,380
Venoco, Inc. (I)(L) 18,335 161,531
Voyager Oil & Gas, Inc. (I) 22,973 48,243

 

305

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
W&T Offshore, Inc. 20,839 $ 286,745
Warren Resources, Inc. (I) 45,148 108,355
Western Refining, Inc. (I)(L) 31,813 396,390
Westmoreland Coal Company (I) 7,255 56,299
World Fuel Services Corp. (L) 42,377 1,383,609
Zion Oil & Gas, Inc. (I) 23,768 46,585
 
    25,041,715
    35,868,522
Financials - 20.55%    
Capital Markets - 2.06%    
Apollo Investment Corp. 115,834 871,072
Arlington Asset Investment Corp. 4,059 97,619
Artio Global Investors, Inc. (L) 19,242 153,166
BGC Partners, Inc., Class A (L) 45,243 272,815
BlackRock Kelso Capital Corp. 43,663 318,740
Calamos Asset Management, Inc. 12,140 121,521
Capital Southwest Corp. 2,118 156,732
Cohen & Steers, Inc. (L) 10,726 308,373
Cowen Group, Inc., Class A (I)(L) 42,030 113,901
Diamond Hill Investment Group, Inc. 1,848 128,233
Duff & Phelps Corp. 18,638 198,681
Edelman Financial Group, Inc. 14,029 90,627
Epoch Holding Corp. 9,397 127,517
Evercore Partners, Inc., Class A 11,735 267,558
FBR Capital Markets Corp. (I) 36,325 86,454
Fifth Street Finance Corp. 38,869 362,259
Financial Engines, Inc. (I)(L) 23,249 421,039
FXCM, Inc. (L) 11,858 166,249
GAMCO Investors, Inc., Class A 4,266 168,038
GFI Group, Inc. 42,701 171,658
Gladstone Capital Corp. (L) 14,598 100,142
Gladstone Investment Corp. 15,658 106,474
Gleacher & Company, Inc. (I)(L) 52,209 62,129
Golub Capital BDC Inc. (L) 7,283 108,153
Harris & Harris Group, Inc. (I) 21,200 75,260
Hercules Technology Growth Capital, Inc. 26,417 225,073
HFF, Inc. (I) 17,558 153,457
ICG Group, Inc. (I) 23,028 212,088
International FCStone, Inc. (I)(L) 8,405 174,488
Investment Technology Group, Inc. (I) 25,097 245,700
KBW, Inc. (L) 22,004 303,435
Knight Capital Group, Inc., Class A (I) 60,031 729,977
Kohlberg Capital Corp. 13,596 79,537
Ladenburg Thalmann    
Financial Services, Inc. (I)(L) 71,928 111,488
Main Street Capital Corp. 12,526 222,462
MCG Capital Corp. 46,524 184,235
Medallion Financial Corp. 11,081 103,053
Medley Capital Corp. 8,522 85,902
MF Global Holdings, Ltd. (I) 98,339 406,140
MVC Capital, Inc. 15,587 163,196
NGP Capital Resources Company 15,346 100,363
Oppenheimer Holdings, Inc., Class A 6,454 103,522
PennantPark Investment Corp. 27,171 242,365
Piper Jaffray Companies (I) 9,676 173,491
Prospect Capital Corp. 56,914 478,647
Safeguard Scientifics, Inc. (I) 12,816 192,240
Solar Capital Ltd. 22,371 450,328
Solar Senior Capital, Ltd. 5,831 83,325
Stifel Financial Corp. (I) 32,129 853,346
SWS Group, Inc. (L) 19,528 91,586
The Charles Schwab Corp. 26,492 298,565
THL Credit, Inc. 9,645 105,323

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Capital Markets (continued)    
TICC Capital Corp. 20,132 $ 164,478
Triangle Capital Corp. 11,633 177,054
Virtus Investment Partners, Inc. (I) 3,363 180,324
Walter Investment Management Corp. 15,610 357,937
Westwood Holdings Group, Inc. 4,193 144,868
 
    12,652,403
Commercial Banks - 5.45%    
1st Source Corp. 9,119 189,949
1st United Bancorp, Inc. (I) 20,253 99,847
Alliance Financial Corp. (L) 3,742 104,963
Ameris Bancorp (I)(L) 16,194 141,050
Ames National Corp. (L) 5,984 93,530
Arrow Financial Corp. 6,905 153,639
BancFirst Corp. 5,047 167,359
Banco Latinoamericano de    
Comercio Exterior SA 16,685 254,113
Bancorp Rhode Island, Inc. (L) 2,781 117,887
Bancorp, Inc. (I) 18,610 133,248
BancorpSouth, Inc. (L) 49,653 435,953
Bank of the Ozarks, Inc. (L) 17,868 373,977
Banner Corp. 10,335 132,185
Boston Private Financial Holdings, Inc. (L) 46,984 276,266
Bridge Bancorp, Inc. (L) 7,165 131,120
Bryn Mawr Bank Corp. 7,353 121,839
Camden National Corp. 5,348 145,626
Capital City Bank Group, Inc. (L) 9,001 93,610
Cardinal Financial Corp. 19,027 164,013
Cathay General Bancorp 47,061 535,554
Center Financial Corp. (I) 23,574 110,562
Centerstate Banks, Inc. 17,234 90,134
Central Pacific Financial Corp. (I) 9,043 93,324
Chemical Financial Corp. 16,226 248,420
Citizens & Northern Corp. 8,447 125,522
City Holding Company (L) 10,746 290,035
CNB Financial Corp. 9,244 118,508
CoBiz Financial, Inc. (L) 22,373 100,007
Columbia Banking System, Inc. (L) 24,188 346,372
Comerica, Inc. 14,706 337,797
Community Bank Systems, Inc. (L) 21,875 496,344
Community Trust Bancorp, Inc. 10,340 240,819
CVB Financial Corp. 53,801 413,730
Eagle Bancorp, Inc. (I)(L) 11,444 134,696
Enterprise Financial Services Corp. (L) 10,568 143,619
Financial Institutions, Inc. 9,111 129,923
First Bancorp, Inc. (L) 7,167 90,233
First Bancorp/Troy NC 10,520 105,621
First Busey Corp. (L) 47,203 205,333
First Commonwealth Financial Corp. 62,374 230,784
First Community Bancshares, Inc. (L) 10,571 107,824
First Financial Bancorp (L) 34,943 482,213
First Financial Bankshares, Inc. (L) 18,736 490,134
First Financial Corp./Indiana 6,783 186,600
First Interstate Bancsystem, Inc. 10,257 109,852
First Merchants Corp. (L) 16,918 119,272
First Midwest Bancorp, Inc. 45,045 329,729
FirstMerit Corp. 64,368 731,220
FNB Corp. (L) 74,675 639,965
German American Bancorp, Inc. (L) 8,959 144,419
Glacier Bancorp, Inc. (L) 43,259 405,337
Great Southern Bancorp, Inc. (L) 7,056 118,400
Hampton Roads Bankshares, Inc. (I) 6,836 32,129
Hancock Holding Company 45,158 1,209,331
Hanmi Financial Corp. (I)(L) 64,895 53,863
Heartland Financial USA, Inc. (L) 9,268 131,420

 

306

 


John Hancock Variable Insurance Trust (Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Home Bancshares, Inc. 13,288 $ 281,971
Hudson Valley Holding Corp. 8,996 156,800
IBERIABANK Corp. (L) 16,033 754,513
Independent Bank Corp. - MA (L) 12,816 278,620
International Bancshares Corp. (L) 31,639 416,053
Investors Bancorp, Inc. (I) 28,241 356,684
Lakeland Bancorp, Inc. 14,976 117,112
Lakeland Financial Corp. 10,225 211,249
MainSource Financial Group, Inc. 13,565 118,287
MB Financial, Inc. 32,865 483,773
Metro Bancorp, Inc. (I) 10,148 87,780
Nara Bancorp, Inc. (I) 24,123 146,427
National Bankshares, Inc. (L) 5,569 134,380
National Penn Bancshares, Inc. (L) 74,242 520,436
NBT Bancorp, Inc. 20,904 389,232
Northfield Bancorp, Inc. (L) 11,701 154,921
Old National Bancorp 56,412 525,760
OmniAmerican Bancorp, Inc. (I) 8,867 121,035
Oriental Financial Group, Inc. 27,126 262,308
Orrstown Financial Services, Inc. 7,075 90,914
Pacific Continental Corp. 13,868 98,324
PacWest Bancorp (L) 17,963 250,404
Park National Corp. (L) 7,638 403,897
Park Sterling Corp. (I)(L) 21,839 74,689
Penns Woods Bancorp, Inc. (L) 3,361 110,073
Peoples Bancorp, Inc. 7,538 82,918
Pinnacle Financial Partners, Inc. (I)(L) 20,771 227,235
PrivateBancorp, Inc. 36,269 272,743
Prosperity Bancshares, Inc. (L) 27,823 909,256
Renasant Corp. (L) 16,746 213,177
Republic Bancorp, Inc., Class A 6,222 110,192
S&T Bancorp, Inc. (L) 16,713 270,082
Sandy Spring Bancorp, Inc. 14,808 216,641
SCBT Financial Corp. (L) 8,622 212,791
Seacoast Banking Corp. of Florida (I) 51,733 76,048
Sierra Bancorp 8,141 74,490
Signature Bank (I)(L) 24,678 1,177,881
Simmons First National Corp., Class A 10,713 232,472
Southside Bancshares, Inc. (L) 10,578 190,510
Southwest Bancorp, Inc. (I) 15,447 65,186
State Bancorp, Inc. 10,225 108,078
State Bank Financial Corp. (I) 19,071 240,676
StellarOne Corp. 14,983 149,081
Sterling Bancorp 20,069 145,701
Sterling Financial Corp. (I)(L) 16,407 203,119
Suffolk Bancorp 7,200 59,904
Sun Bancorp, Inc. (I) 25,595 67,827
Susquehanna Bancshares, Inc. (L) 77,711 425,079
SVB Financial Group (I)(L) 25,594 946,978
SY Bancorp, Inc. (L) 8,039 149,686
Texas Capital Bancshares, Inc. (I)(L) 22,000 502,700
Tompkins Financial Corp. (L) 6,209 222,158
Tower Bancorp., Inc. 6,649 139,230
TowneBank (L) 15,237 173,245
TriCo Bancshares (L) 9,772 119,902
Trustmark Corp. (L) 37,734 684,872
UMB Financial Corp. 18,895 606,152
Umpqua Holdings Corp. 68,530 602,379
Union First Market Bankshares Corp. 12,867 137,934
United Bankshares, Inc. (L) 25,943 521,195
United Community Banks, Inc. (I)(L) 13,479 114,437
Univest Corp. of Pennsylvania 10,977 146,323
Washington Banking Company (L) 12,147 118,190
Washington Trust Bancorp, Inc. 9,023 178,475
Webster Financial Corp. 43,142 660,073

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
WesBanco, Inc. (L) 13,683 $ 236,853
West Bancorp, Inc. 11,515 97,647
West Coast Bancorp (I) 12,189 170,646
Westamerica Bancorp. (L) 16,889 647,186
Western Alliance Bancorp (I) 41,933 229,793
Wilshire Bancorp, Inc. (I) 37,535 102,846
Wintrust Financial Corp. (L) 20,901 539,455
 
    33,534,303
Consumer Finance - 0.74%    
Advance America Cash Advance Centers, Inc. 33,278 244,926
Cash America International, Inc. 17,554 898,063
Credit Acceptance Corp. (I) 3,895 250,682
DFC Global Corp. (I) 26,150 571,378
EZCORP, Inc., Class A (I) 28,115 802,402
First Cash Financial Services, Inc. (I) 18,789 788,199
Imperial Holdings, Inc. (I) 12,432 29,837
Nelnet, Inc., Class A 15,563 292,273
Netspend Holdings, Inc. (I) 18,261 93,862
Nicholas Financial, Inc. 7,061 68,986
World Acceptance Corp. (I) 9,509 532,029
 
    4,572,637
Diversified Financial Services - 0.42%    
Compass Diversified Holdings (L) 23,883 290,895
Encore Capital Group, Inc. (I)(L) 9,691 211,748
MarketAxess Holdings, Inc. 17,166 446,659
NewStar Financial, Inc. (I) 16,726 156,221
PHH Corp. (I) 33,726 542,314
PICO Holdings, Inc. (I) 14,274 292,760
Portfolio Recovery Associates, Inc. (I) 10,277 639,435
 
    2,580,032
Insurance - 2.63%    
Alterra Capital Holdings, Ltd. (L) 53,570 1,016,223
American Equity Investment Life    
Holding Company (L) 36,830 322,263
American Safety Insurance Holdings, Ltd. (I) 7,701 141,698
AMERISAFE, Inc. (I) 11,861 218,361
Amtrust Financial Services, Inc. 14,840 330,338
Argo Group International Holdings, Ltd. 16,310 462,715
Baldwin & Lyons, Inc., Class B 6,196 132,409
Citizens, Inc., Class A (I)(L) 29,399 188,448
CNO Financial Group, Inc. (I) 132,839 718,659
Crawford & Company, Class B 16,942 90,809
Delphi Financial Group, Inc., Class A 29,004 624,166
eHealth, Inc. (I)(L) 13,726 187,497
Employers Holdings, Inc. 23,935 305,411
Enstar Group, Ltd. (I) 4,086 389,110
FBL Financial Group, Inc., Class A 8,075 214,957
First American Financial Corp. 63,083 807,462
Flagstone Reinsurance Holdings SA 31,966 247,737
FPIC Insurance Group, Inc. (I) 5,439 227,568
Global Indemnity PLC (I) 8,553 146,085
Greenlight Capital Re, Ltd., Class A (I)(L) 17,103 354,716
Harleysville Group, Inc. 7,880 463,817
Hilltop Holdings, Inc. (I) 26,613 191,880
Horace Mann Educators Corp. 23,795 271,501
Infinity Property & Casualty Corp. 7,482 392,655
Maiden Holdings, Ltd. 30,853 228,004
Meadowbrook Insurance Group, Inc. (L) 32,890 293,050
Montpelier Re Holdings, Ltd. 37,002 654,195
National Financial Partners Corp. (I)(L) 26,454 289,407
National Western Life Insurance    
Company, Class A 1,481 200,676
OneBeacon Insurance Group, Ltd. 14,099 192,310

 

307

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Platinum Underwriters Holdings, Ltd. 21,897 $ 673,333
Presidential Life Corp. (L) 15,523 127,599
Primerica, Inc. 20,477 441,484
ProAssurance Corp. 18,270 1,315,805
RLI Corp. (L) 10,998 699,253
Safety Insurance Group, Inc. 7,531 284,898
SeaBright Holdings, Inc. 14,915 107,388
Selective Insurance Group, Inc. (L) 33,179 432,986
State Auto Financial Corp. 9,552 125,609
Stewart Information Services Corp. (L) 12,496 110,465
Symetra Financial Corp. 40,603 330,914
The Navigators Group, Inc. (I) 8,635 373,032
The Phoenix Companies, Inc. (I)(L) 73,970 90,243
Tower Group, Inc. 22,533 515,104
United Fire & Casualty Company 13,409 237,205
 
    16,169,445
Real Estate Investment Trusts - 8.03%    
Acadia Realty Trust (L) 24,888 465,406
Agree Realty Corp. (L) 6,961 151,611
Alexander’s, Inc. 1,239 447,304
American Assets Trust, Inc. 19,492 349,881
American Campus Communities, Inc. 40,479 1,506,224
Anworth Mortgage Asset Corp. 72,838 495,298
Apollo Commercial Real Estate Finance, Inc. 12,293 161,899
Armour Residential REIT, Inc. (L) 30,177 205,204
Ashford Hospitality Trust, Inc. 28,095 197,227
Associated Estates Realty Corp. 24,816 383,655
BioMed Realty Trust, Inc. 77,978 1,292,095
Campus Crest Communities, Inc. 18,796 204,500
CapLease, Inc. 44,896 162,075
Capstead Mortgage Corp. 44,801 517,004
CBL & Associates Properties, Inc. (L) 88,910 1,010,018
Cedar Shopping Centers, Inc. 35,659 110,899
Chatham Lodging Trust 10,484 104,001
Chesapeake Lodging Trust 19,250 232,348
Cogdell Spencer, Inc. 30,310 114,269
Colonial Properties Trust (L) 49,911 906,384
Colony Financial, Inc. (L) 19,180 247,806
Coresite Realty Corp. 12,328 176,907
Cousins Properties, Inc. 55,871 326,845
CreXus Investment Corp. 31,793 282,322
CubeSmart (L) 59,987 511,689
CYS Investments, Inc. (L) 49,148 594,199
DCT Industrial Trust, Inc. (L) 145,648 639,395
DiamondRock Hospitality Company (L) 100,079 699,552
DuPont Fabros Technology, Inc. (L) 35,173 692,556
Dynex Capital, Inc. 25,855 208,391
EastGroup Properties, Inc. 16,277 620,805
Education Realty Trust, Inc. 43,256 371,569
Entertainment Properties Trust (L) 27,522 1,072,808
Equity Lifestyle Properties, Inc. 15,180 951,786
Equity One, Inc. (L) 30,928 490,518
Excel Trust, Inc. (L) 11,665 112,217
Extra Space Storage, Inc. 56,194 1,046,894
FelCor Lodging Trust, Inc. (I)(L) 76,207 177,562
First Industrial Realty Trust, Inc. (I) 47,201 377,608
First Potomac Realty Trust 29,683 370,147
Franklin Street Properties Corp. (L) 42,186 477,124
Getty Realty Corp. (L) 15,481 223,236
Gladstone Commercial Corp. (L) 8,182 128,294
Glimcher Realty Trust 60,715 429,862
Government Properties Income Trust 18,075 388,793
Hatteras Financial Corp. (L) 43,015 1,082,257
Healthcare Realty Trust, Inc. 43,012 724,752

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
Hersha Hospitality Trust 85,352 $ 295,318
Highwoods Properties, Inc. (L) 42,480 1,200,485
Home Properties, Inc. (L) 23,017 1,306,445
Hudson Pacific Properties, Inc. 13,462 156,563
Inland Real Estate Corp. 47,962 350,123
Invesco Mortgage Capital, Inc. 39,166 553,416
Investors Real Estate Trust (L) 47,901 344,887
iStar Financial, Inc. (I)(L) 55,471 322,841
Kilroy Realty Corp. (L) 34,664 1,084,983
Kite Realty Group Trust 36,970 135,310
LaSalle Hotel Properties 50,857 976,454
Lexington Realty Trust (L) 71,961 470,625
LTC Properties, Inc. 17,193 435,327
Medical Properties Trust, Inc. 66,464 594,853
MFA Financial, Inc. 206,308 1,448,282
Mid-America Apartment Communities, Inc. 21,600 1,300,752
Mission West Properties, Inc. 14,427 109,501
Monmouth Real Estate Investment Corp. 24,760 196,347
MPG Office Trust, Inc. (I)(L) 33,473 70,628
National Health Investments, Inc. 16,089 677,830
National Retail Properties, Inc. (L) 49,518 1,330,549
Newcastle Investment Corp. 48,316 196,646
NorthStar Realty Finance Corp. 58,040 191,532
Omega Healthcare Investors, Inc. 60,134 957,935
One Liberty Properties, Inc. (L) 8,233 120,696
Parkway Properties, Inc. 14,023 154,393
Pebblebrook Hotel Trust 30,527 477,748
Pennsylvania Real Estate Investment Trust (L) 33,275 257,216
Pennymac Mortgage Investment Trust 16,735 266,087
Post Properties, Inc. 29,579 1,027,574
Potlatch Corp. 23,909 753,612
PS Business Parks, Inc. 11,113 550,538
Rait Financial Trust (L) 23,548 79,828
Ramco-Gershenson Properties Trust 23,452 192,306
Redwood Trust, Inc. (L) 47,129 526,431
Resource Capital Corp. (L) 42,683 213,415
Retail Opportunity Investments Corp. (L) 25,706 284,822
RLJ Lodging Trust 16,226 207,206
Sabra Healthcare REIT, Inc. 16,106 153,651
Saul Centers, Inc. 5,087 171,991
Sovran Self Storage, Inc. (L) 16,626 617,988
Stag Industrial, Inc. 11,733 119,677
Starwood Property Trust, Inc. (L) 54,609 937,090
Strategic Hotels & Resorts, Inc. (I) 105,901 456,433
Summit Hotel Properties, Inc. 17,732 125,188
Sun Communities, Inc. 12,820 451,136
Sunstone Hotel Investors, Inc. (I)(L) 71,419 406,374
Tanger Factory Outlet Centers, Inc. 47,905 1,246,009
Terreno Realty Corp. 8,272 106,130
Two Harbors Investment Corp. 51,427 454,100
UMH Properties, Inc. 11,066 100,590
Universal Health Realty Income Trust 8,465 284,509
Urstadt Biddle Properties, Inc., Class A 17,678 282,318
Washington Real Estate Investment Trust (L) 38,947 1,097,526
Winthrop Realty Trust 18,149 157,715
 
    49,431,125
Real Estate Management & Development - 0.12%    
Avatar Holdings, Inc. (I) 6,293 51,477
Consolidated-Tomoka Land Company 3,357 88,155
Forestar Group, Inc. (I)(L) 21,743 237,216
Kennedy-Wilson Holdings, Inc. (L) 15,041 159,435
Tejon Ranch Company (I) 8,623 205,831
 
    742,114

 

308

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thrifts & Mortgage Finance - 1.10%    
Abington Bancorp, Inc. (L) 14,805 $ 106,596
Astoria Financial Corp. (L) 51,439 395,566
Bank Mutual Corp. 32,343 84,415
BankFinancial Corp. (L) 15,453 102,608
Beneficial Mutual Bancorp, Inc. (I) 21,946 163,498
Berkshire Hill Bancorp, Inc. 11,996 221,566
BofI Holding, Inc. (I) 7,084 95,351
Brookline Bancorp, Inc. (L) 36,820 283,882
Dime Community Bancshares 20,394 206,591
Doral Financial Corp. (I) 79,258 86,391
ESSA Bancorp, Inc. 9,877 103,807
Federal Agricultural    
Mortgage Corp., Class C (L) 6,311 120,098
First Defiance Financial Corp. (I) 7,363 98,664
First Financial Holdings, Inc. 11,920 47,799
First PacTrust Bancorp, Inc. 6,378 72,263
Flagstar Bancorp, Inc. (I) 120,843 59,201
Flushing Financial Corp. 20,627 222,772
Home Federal Bancorp, Inc. 12,227 95,615
MGIC Investment Corp. (I)(L) 113,481 212,209
Northwest Bancshares, Inc. (L) 63,132 751,902
OceanFirst Financial Corp. 10,569 123,340
Ocwen Financial Corp. (I) 44,658 589,932
Oritani Financial Corp. 34,607 445,046
Provident Financial Services, Inc. 36,240 389,580
Provident New York Bancorp 24,102 140,274
Radian Group, Inc. (L) 80,775 176,897
Rockville Financial, Inc. 19,591 185,723
Territorial Bancorp, Inc. 8,776 168,060
The PMI Group, Inc. (I) 98,465 19,693
TrustCo Bank Corp. (L) 46,753 208,518
United Financial Bancorp, Inc. 11,633 159,256
Viewpoint Financial Group 22,612 258,907
Walker & Dunlop, Inc. (I) 7,007 81,421
Westfield Financial, Inc. 20,646 136,057
WSFS Financial Corp. 4,597 145,127
 
    6,758,625
   
    126,440,684
Health Care - 12.16%    
Biotechnology - 3.47%    
Achillion Pharmaceuticals, Inc. (I)(L) 24,260 114,507
Acorda Therapeutics, Inc. (I) 23,751 474,070
Affymax, Inc. (I) 22,861 102,417
Alkermes PLC (I) 57,120 871,651
Allos Therapeutics, Inc. (I) 52,094 95,853
Alnylam Pharmaceuticals, Inc. (I)(L) 23,472 154,211
AMAG Pharmaceuticals, Inc. (I)(L) 13,403 197,828
Amicus Therapeutics, Inc. (I) 7,387 28,366
Anthera Pharmaceuticals, Inc. (I) 11,301 53,906
Ardea Biosciences, Inc. (I)(L) 10,413 162,651
Arena Pharmaceuticals, Inc. (I)(L) 95,408 138,342
Ariad Pharmaceuticals, Inc. (I)(L) 79,267 696,757
Arqule, Inc. (I) 33,673 170,049
Array BioPharma, Inc. (I) 41,323 80,993
Astex Pharmaceuticals (I) 36,832 70,717
AVEO Pharmaceuticals, Inc. (I) 16,082 247,502
AVI BioPharma, Inc. (I) 89,608 100,361
BioCryst Pharmaceuticals, Inc. (I)(L) 13,136 36,255
Biosante Pharmaceuticals, Inc. (I)(L) 58,402 133,157
Biotime, Inc. (I)(L) 11,690 51,553
Cell Therapeutics, Inc. (I)(L) 106,695 113,097
Celldex Therapeutics, Inc. (I)(L) 30,117 68,817
Cepheid, Inc. (I)(L) 37,046 1,438,496

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Chelsea Therapeutics International, Inc. (I)(L) 33,343 $ 121,702
Codexis, Inc. (I) 15,839 72,384
Cubist Pharmaceuticals, Inc. (I)(L) 35,850 1,266,222
Curis, Inc. (I)(L) 47,689 150,697
Cytori Therapeutics, Inc. (I)(L) 30,829 90,946
Dusa Pharmaceuticals, Inc. (I) 16,437 60,817
Dyax Corp. (I) 66,551 83,854
Dynavax Technologies Corp. (I)(L) 72,704 135,229
Emergent Biosolutions, Inc. (I) 14,254 219,939
Enzon Pharmaceuticals, Inc. (I)(L) 25,338 178,380
Exact Sciences Corp. (I)(L) 31,845 211,132
Exelixis, Inc. (I) 77,241 421,736
Genomic Health, Inc. (I)(L) 10,138 222,833
Geron Corp. (I)(L) 78,493 166,405
Halozyme Therapeutics, Inc. (I)(L) 49,726 305,318
Idenix Pharmaceuticals, Inc. (I) 33,724 168,283
Immunogen, Inc. (I)(L) 45,129 494,614
Immunomedics, Inc. (I)(L) 41,585 133,072
Incyte Corp. (I)(L) 53,264 744,098
Infinity Pharmaceuticals, Inc. (I) 13,022 91,805
Inhibitex, Inc. (I) 39,726 97,726
Insmed, Inc. (I)(L) 15,434 78,713
InterMune, Inc. (I) 29,383 593,537
Ironwood Pharmaceuticals, Inc. (I) 30,649 331,009
Isis Pharmaceuticals, Inc. (I)(L) 60,641 411,146
Keryx Biopharmaceuticals Inc. (I)(L) 42,585 127,755
Lexicon Pharmaceuticals, Inc. (I)(L) 104,636 96,255
Ligand Pharmaceuticals, Inc., Class B (I) 12,614 172,560
Mannkind Corp. (I)(L) 48,342 183,216
Maxygen, Inc. 20,677 113,103
Medivation, Inc. (I)(L) 19,019 322,943
Metabolix, Inc. (I) 21,701 95,050
Micromet, Inc. (I)(L) 55,761 267,653
Momenta Pharmaceuticals, Inc. (I) 27,826 319,999
Nabi Biopharmaceuticals (I) 39,014 65,544
Neurocrine Biosciences, Inc. (I) 30,212 180,668
Novavax, Inc. (I)(L) 62,415 100,488
NPS Pharmaceuticals, Inc. (I) 51,871 337,680
Nymox Pharmaceutical Corp. (I)(L) 12,868 105,260
OncoGenex Pharmaceutical, Inc. (I)(L) 7,009 68,688
Oncothyreon, Inc. (I)(L) 25,448 152,179
Onyx Pharmaceuticals, Inc. (I) 38,001 1,140,410
Opko Health, Inc. (I)(L) 66,507 287,975
Osiris Therapeutics, Inc. (I)(L) 11,831 60,575
PDL BioPharma, Inc. (L) 83,778 464,968
Peregrine Pharmaceuticals, Inc. (I)(L) 47,729 52,025
Pharmacyclics, Inc. (I)(L) 27,783 328,673
PharmAthene, Inc. (I)(L) 16,714 29,417
Progenics Pharmaceuticals, Inc. (I)(L) 19,349 111,063
Raptor Pharmaceutical Corp. (I) 20,880 94,169
Rigel Pharmaceuticals, Inc. (I) 41,694 306,868
Sangamo Biosciences, Inc. (I)(L) 32,586 141,749
Savient Pharmaceuticals, Inc. (I)(L) 43,387 177,887
SciClone Pharmaceuticals, Inc. (I)(L) 21,500 81,915
Seattle Genetics, Inc. (I)(L) 57,960 1,104,718
SIGA Technologies, Inc. (I)(L) 21,307 69,674
Spectrum Pharmaceuticals, Inc. (I)(L) 31,473 240,139
Targacept, Inc. (I) 16,627 249,405
Theravance, Inc. (I) 41,598 837,784
Vanda Pharmaceuticals, Inc. (I) 18,607 92,105
Vical, Inc. (I)(L) 44,462 110,266
Zalicus Inc. 48,288 47,351
ZIOPHARM Oncology, Inc. (I)(L) 36,226 159,757
 
    21,351,087

 

309

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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 - 3.13%    
Abaxis, Inc. (I)(L) 13,560 $ 310,660
ABIOMED, Inc. (I) 19,079 210,441
Accuray, Inc. (I) 41,465 166,689
Align Technology, Inc. (I) 36,793 558,150
Alphatec Holdings, Inc. (I)(L) 34,931 73,704
Analogic Corp. 7,394 335,762
AngioDynamics, Inc. (I) 15,401 202,369
Antares Pharma, Inc. (I)(L) 57,949 134,442
Arthrocare Corp. (I) 16,471 473,871
Atricure, Inc. (I) 9,401 91,566
Atrion Corp. 972 201,583
Biolase Technology, Inc. (I)(L) 20,097 60,291
Cantel Medical Corp. 7,970 168,326
Cardiovascular Systems, Inc. (I) 8,475 96,530
Cerus Corp. (I)(L) 32,994 69,947
Conceptus, Inc. (I)(L) 19,468 203,830
CONMED Corp. (I) 16,631 382,679
CryoLife, Inc. (I) 19,600 88,004
Cyberonics, Inc. (I) 17,018 481,609
Delcath Systems, Inc. (I)(L) 27,646 92,338
DexCom, Inc. (I) 40,703 488,436
Endologix, Inc. (I) 29,814 299,333
Exactech, Inc. (I) 6,140 86,451
Greatbatch, Inc. (I) 13,815 276,438
Haemonetics Corp. (I) 15,174 887,376
Hansen Medical, Inc. (I)(L) 29,725 98,687
HeartWare International, Inc. (I)(L) 7,275 468,583
ICU Medical, Inc. (I) 7,154 263,267
Insulet Corp. (I)(L) 27,873 425,342
Integra LifeSciences Holdings Corp. (I) 12,493 446,875
Invacare Corp. 17,092 393,800
IRIS International, Inc. (I) 12,542 112,502
Kensey Nash Corp. (I) 5,795 141,978
MAKO Surgical Corp. (I)(L) 19,274 659,556
Masimo Corp. (L) 31,428 680,416
Medical Action Industries, Inc. (I) 11,352 57,328
Meridian Bioscience, Inc. (L) 24,557 386,527
Merit Medical Systems, Inc. (I) 21,693 285,046
Natus Medical, Inc. (I) 17,847 169,725
Neogen Corp. (I) 14,171 492,017
Neoprobe Corp. (I)(L) 54,735 162,016
NuVasive, Inc. (I)(L) 23,825 406,693
NxStage Medical, Inc. (I)(L) 26,980 562,803
OraSure Technologies, Inc. (I) 28,635 227,935
Orthofix International NV (I) 10,729 370,258
Palomar Medical Technologies, Inc. (I) 12,362 97,413
Quidel Corp. (I)(L) 17,342 283,889
Rockwell Medical Technologies, Inc. (I)(L) 10,555 86,129
RTI Biologics, Inc. (I) 37,590 123,671
Solta Medical, Inc. (I) 40,908 51,135
SonoSite, Inc. (I)(L) 8,471 257,010
Spectranetics Corp. (I) 22,090 157,723
STAAR Surgical Company (I) 24,107 188,035
Stereotaxis, Inc. (I)(L) 30,942 34,346
STERIS Corp. 34,933 1,022,489
SurModics, Inc. (I) 10,117 92,065
Symmetry Medical, Inc. (I) 22,504 173,731
Synergetics USA, Inc. (I)(L) 16,324 87,986
Synovis Life Technologies, Inc. (I) 7,868 131,396
Tornier BV (I)(L) 6,191 126,854
Unilife Corp. (I)(L) 36,087 151,565
Uroplasty, Inc. (I) 13,539 65,664
Vascular Solutions, Inc. (I) 11,545 132,190
Volcano Corp. (I)(L) 31,264 926,352
West Pharmaceutical Services, Inc. 19,859 736,769

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Equipment & Supplies (continued)    
Wright Medical Group, Inc. (I) 23,964 $ 428,476
Young Innovations, Inc. 4,126 117,591
Zoll Medical Corp. (I) 13,152 496,356
 
    19,221,014
Health Care Providers & Services - 2.79%    
Accretive Health, Inc. (I)(L) 24,054 510,666
Air Methods Corp. (I) 6,745 429,454
Almost Family, Inc. (I) 5,156 85,744
Amedisys, Inc. (I) 17,688 262,136
AMN Healthcare Services, Inc. (I) 24,817 99,516
Amsurg Corp. (I) 18,361 413,123
Assisted Living Concepts, Inc. 11,949 151,394
Bio-Reference Labs, Inc. (I)(L) 14,686 270,369
BioScrip, Inc. (I) 25,012 159,076
Capital Senior Living Corp. (I) 17,432 107,555
CardioNet, Inc. (I) 17,070 51,210
Centene Corp. (I) 29,801 854,395
Chemed Corp. 12,556 690,078
Chindex International, Inc. (I)(L) 7,776 68,507
Continucare Corp. (I) 18,509 118,087
Corvel Corp. (I) 3,781 160,693
Cross Country Healthcare, Inc. (I) 18,618 77,823
Emeritus Corp. (I)(L) 18,647 262,923
Examworks Group, Inc. (I) 16,109 163,990
Five Star Quality Care, Inc. (I) 20,001 50,003
Gentiva Health Services, Inc. (I) 18,564 102,473
Hanger Orthopedic Group, Inc. (I) 19,870 375,344
Healthsouth Corp. (I)(L) 56,714 846,740
Healthspring, Inc. (I) 40,441 1,474,479
Healthways, Inc. (I) 20,444 200,965
HMS Holdings Corp. (I) 50,772 1,238,329
IPC The Hospitalist Company, Inc. (I) 9,776 348,905
Kindred Healthcare, Inc. (I)(L) 30,982 267,065
Landauer, Inc. 5,626 278,712
LHC Group, Inc. (I)(L) 9,506 162,172
Magellan Health Services, Inc. (I) 18,941 914,850
MedCath Corp. 12,833 178,122
Medquist Holdings, Inc. (I)(L) 19,286 145,802
Metropolitan Health Networks, Inc. (I) 26,691 121,177
Molina Healthcare, Inc. (I) 16,599 256,289
MWI Veterinary Supply, Inc. (I) 7,637 525,578
National Healthcare Corp. 6,575 212,373
Owens & Minor, Inc. 37,311 1,062,617
PharMerica Corp. (I) 17,795 253,935
PSS World Medical, Inc. (I)(L) 32,995 649,672
RadNet, Inc. (I) 21,493 52,443
Select Medical Holdings Corp. (I) 26,932 179,636
Skilled Healthcare Group, Inc. (I) 12,349 44,580
Sun Healthcare Group, Inc. (I) 15,712 42,422
Sunrise Senior Living, Inc. (I)(L) 34,367 159,119
Team Health Holdings, Inc. (I) 16,247 266,776
The Ensign Group, Inc. 9,714 224,491
The Providence Service Corp. (I) 8,739 93,070
Triple-S Management Corp., Class B (I) 11,814 197,885
Universal American Corp. 19,527 196,442
US Physical Therapy, Inc. 7,472 138,381
WellCare Health Plans, Inc. (I) 25,384 964,084
 
    17,161,670
Health Care Technology - 0.65%    
athenahealth, Inc. (I)(L) 21,000 1,250,550
Computer Programs & Systems, Inc. 6,544 432,886
HealthStream, Inc. (I) 9,790 125,606
MedAssets, Inc. (I) 29,284 281,419

 

310

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Technology (continued)    
Medidata Solutions, Inc. (I) 12,826 $ 210,859
Merge Healthcare, Inc. (I) 32,142 195,745
Omnicell, Inc. (I) 20,159 277,791
Quality Systems, Inc. (L) 11,508 1,116,276
Transcend Services, Inc. (I) 5,539 124,849
 
    4,015,981
Life Sciences Tools & Services - 0.43%    
Affymetrix, Inc. (I)(L) 42,456 208,034
Caliper Life Sciences, Inc. (I) 29,050 304,154
Cambrex Corp. (I) 20,836 105,013
Complete Genomics, Inc. (I) 6,291 36,928
Enzo Biochem, Inc. (I)(L) 26,436 67,941
eResearch Technology, Inc. (I) 31,311 139,647
Furiex Pharmaceuticals, Inc. (I) 6,813 96,949
Harvard Bioscience, Inc. (I) 16,817 70,968
Luminex Corp. (I) 22,542 499,756
Medtox Scientific, Inc. 5,722 74,901
Pacific Biosciences of California, Inc. (I) 20,631 66,226
Parexel International Corp. (I) 35,422 670,538
Sequenom, Inc. (I)(L) 59,417 302,433
 
    2,643,488
Pharmaceuticals - 1.69%    
Aegerion Pharmaceuticals, Inc. (I)(L) 5,067 64,199
Akorn, Inc. (I) 34,551 269,843
Ampio Pharmaceuticals, Inc. (I)(L) 16,341 108,668
Auxilium Pharmaceuticals, Inc. (I) 29,164 437,168
AVANIR Pharmaceuticals, Class A (I)(L) 75,441 215,761
Cadence Pharmaceuticals, Inc. (I)(L) 23,690 155,170
Columbia Laboratories, Inc. (I)(L) 47,289 92,214
Corcept Therapeutics, Inc. (I) 26,684 82,720
Depomed, Inc. (I)(L) 32,861 177,449
Durect Corp. (I) 54,123 87,138
Endocyte, Inc. (I)(L) 9,266 98,220
Forest Laboratories, Inc., CVR 7,662 7,279
Hi-Tech Pharmacal Company, Inc. (I) 6,495 218,232
Impax Laboratories, Inc. (I) 39,278 703,469
Indevus Pharmaceuticals, Inc. 38,347 3,106
Ista Pharmaceuticals, Inc. (I) 16,709 57,646
Jazz Pharmaceuticals, Inc. (I) 13,344 554,043
K-V Pharmaceutical Company, Class A (I)(L) 27,630 37,301
MAP Pharmaceuticals, Inc. (I) 13,511 197,531
Medicis Pharmaceutical Corp., Class A 36,854 1,344,434
Nektar Therapeutics (I)(L) 69,595 337,536
Obagi Medical Products, Inc. (I) 12,721 115,379
Optimer Pharmaceuticals, Inc. (I)(L) 28,028 387,908
Pain Therapeutics, Inc. (I) 23,915 113,835
Par Pharmaceutical Companies, Inc. (I) 21,743 578,799
Pozen, Inc. (I) 12,116 29,200
Questcor Pharmaceuticals, Inc. (I)(L) 31,940 870,684
Sagent Pharmaceuticals, Inc. (I) 4,012 81,203
Salix Pharmaceuticals, Ltd. (I) 35,095 1,038,812
Santarus, Inc. (I)(L) 36,483 101,788
The Medicines Company (I) 32,676 486,219
Viropharma, Inc. (I)(L) 45,423 820,794
Vivus, Inc. (I)(L) 49,878 402,515
XenoPort, Inc. (I) 22,555 133,075
 
    10,409,338
    74,802,578
Industrials - 14.28%    
Aerospace & Defense - 1.87%    
AAR Corp. 23,681 394,762
Aerovironment, Inc. (I)(L) 10,275 289,241

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Aerospace & Defense (continued)    
American Science & Engineering, Inc. 5,270 $ 321,734
Astronics Corp. (I) 5,933 167,607
Astronics Corp., Class B (I) 593 16,337
Ceradyne, Inc. (I) 14,951 402,032
Cubic Corp. 9,393 366,985
Curtiss-Wright Corp. 27,458 791,614
DigitalGlobe, Inc. (I) 21,071 409,410
Ducommun, Inc. 7,041 105,474
Esterline Technologies Corp. (I) 18,094 937,993
GenCorp, Inc. (I)(L) 36,941 165,865
GeoEye, Inc. (I) 13,464 381,704
HEICO Corp. (L) 24,787 1,220,512
Hexcel Corp. (I) 58,349 1,293,014
Kratos Defense & Security Solutions, Inc. (I) 21,179 142,323
LMI Aerospace, Inc. (I) 5,916 100,927
Moog, Inc., Class A (I) 27,059 882,665
National Presto Industries, Inc. (L) 2,923 254,038
Orbital Sciences Corp., Class A (I) 34,971 447,629
Taser International, Inc. (I) 38,859 167,482
Teledyne Technologies, Inc. (I) 21,829 1,066,565
The Keyw Holding Corp. (I) 11,817 84,019
Triumph Group, Inc. 22,240 1,083,978
 
    11,493,910
Air Freight & Logistics - 0.31%    
Air Transport Services Group, Inc. (I) 34,125 147,761
Atlas Air Worldwide Holdings, Inc. (I) 15,826 526,848
Forward Air Corp. (L) 18,125 461,281
HUB Group, Inc., Class A (I) 22,381 632,711
Pacer International, Inc. (I)(L) 23,451 87,941
Park-Ohio Holdings Corp. (I) 5,758 69,154
 
    1,925,696
Airlines - 0.56%    
Alaska Air Group, Inc. (I) 21,205 1,193,629
Allegiant Travel Company (I)(L) 8,804 414,933
Hawaiian Holdings, Inc. (I) 33,249 139,978
JetBlue Airways Corp. (I)(L) 146,813 601,933
Republic Airways Holdings, Inc. (I) 31,321 88,638
Skywest, Inc. (L) 31,653 364,326
Spirit Airlines, Inc. (I) 9,675 120,938
US Airways Group, Inc. (I)(L) 97,314 535,227
 
    3,459,602
Building Products - 0.64%    
AAON, Inc. (L) 11,482 180,842
Ameresco, Inc., Class A (I) 11,592 117,775
American Woodmark Corp. 6,403 77,540
Ameron International Corp. 5,433 461,479
AO Smith Corp. 22,561 722,629
Apogee Enterprises, Inc. 17,415 149,595
Gibraltar Industries, Inc. (I) 18,997 154,256
Griffon Corp. (I)(L) 29,305 239,715
Insteel Industries, Inc. 11,873 119,561
NCI Building Systems, Inc. (I) 13,071 98,817
Quanex Building Products Corp. 22,602 247,492
Simpson Manufacturing Company, Inc. (L) 24,765 617,391
Trex Company, Inc. (I)(L) 9,576 153,503
Universal Forest Products, Inc. 11,832 284,560
USG Corp. (I)(L) 43,185 290,635
 
    3,915,790
Commercial Services & Supplies - 2.47%    
A.T. Cross Company, Class A (I) 6,760 76,253
ABM Industries, Inc. 31,741 604,983
ACCO Brands Corp. (I) 33,904 161,722

 

311

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Services & Supplies (continued)    
American Reprographics Company (I) 23,364 $ 78,503
APAC Customer Services, Inc. (I) 20,228 172,343
Casella Waste Systems, Inc., Class A (I) 18,656 98,131
Cenveo, Inc. (I)(L) 36,430 109,654
Clean Harbors, Inc. (I) 27,958 1,434,245
Consolidated Graphics, Inc. (I) 5,479 200,148
Courier Corp. 8,565 56,015
Deluxe Corp. 30,524 567,746
EnergySolutions, Inc. (I) 48,478 171,127
EnerNOC, Inc. (I)(L) 14,492 130,428
Ennis, Inc. 15,691 204,924
Fuel Tech, Inc. (I)(L) 8,283 48,207
G&K Services, Inc., Class A 11,215 286,431
Healthcare Services Group, Inc. 39,873 643,550
Herman Miller, Inc. 34,461 615,473
Higher One Holdings, Inc. (I)(L) 18,530 301,483
HNI Corp. 26,825 513,162
InnerWorkings, Inc. (I)(L) 16,695 130,889
Interface, Inc., Class A 31,675 375,666
Intersections, Inc. 5,934 76,252
Kimball International, Inc., Class B 20,916 101,652
Knoll, Inc. 28,816 394,779
M&F Worldwide Corp. (I)(L) 6,663 164,043
McGrath Rentcorp 14,536 345,811
Metalico, Inc. (I)(L) 26,089 101,747
Mine Safety Appliances Company 16,201 436,779
Mobile Mini, Inc. (I) 21,998 361,647
Multi-Color Corp. 7,359 166,240
Quad/Graphics, Inc. (L) 15,103 272,911
Rollins, Inc. 37,701 705,386
Schawk, Inc., Class A 7,633 75,338
Standard Parking Corp. (I) 10,966 171,508
Steelcase, Inc., Class A 47,689 300,918
Swisher Hygiene, Inc. (I)(L) 51,294 207,741
Sykes Enterprises, Inc. (I) 25,332 378,713
Team, Inc. (I) 11,960 250,921
Tetra Tech, Inc. (I) 37,484 702,450
The Brinks Company 27,926 650,955
The Geo Group, Inc. (I)(L) 38,927 722,485
TMS International Corp. (I) 9,116 66,364
Trc Cos, Inc. (I) 13,207 39,753
Unifirst Corp. 8,522 385,961
United Stationers, Inc. 27,399 746,623
US Ecology, Inc. 12,689 196,299
Viad Corp. 12,296 208,786
 
    15,213,145
Construction & Engineering - 0.70%    
Comfort Systems USA, Inc. 23,239 193,348
Dycom Industries, Inc. (I) 21,145 323,519
EMCOR Group, Inc. 39,864 810,435
Furmanite Corp. (I) 23,579 127,562
Granite Construction, Inc. 23,148 434,488
Great Lakes Dredge & Dock Corp. 36,564 148,815
Insituform Technologies, Inc., Class A (I)(L) 23,895 276,704
Layne Christensen Company (I) 11,865 274,082
MasTec, Inc. (I) 33,981 598,405
Michael Baker Corp. (I) 5,559 106,344
MYR Group, Inc. (I) 12,343 217,731
Northwest Pipe Company (I) 6,121 124,195
Orion Marine Group, Inc. (I) 17,444 100,652
Pike Electric Corp. (I) 10,950 74,132
Primoris Services Corp. 16,327 170,780
Sterling Construction Company, Inc. (I) 10,973 122,568

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Construction & Engineering (continued)    
Tutor Perini Corp. 18,739 $ 215,311
 
    4,319,071
Electrical Equipment - 1.19%    
A123 Systems, Inc. (I)(L) 54,124 186,187
Active Power, Inc. (I)(L) 55,849 72,045
Acuity Brands, Inc. 25,732 927,381
American Superconductor Corp. (I)(L) 27,625 108,566
AZZ, Inc. (L) 8,249 319,814
Belden, Inc. 28,385 732,049
Brady Corp., Class A (L) 28,361 749,581
Broadwind Energy, Inc. (I) 69,906 22,377
Capstone Turbine Corp. (I)(L) 151,510 151,510
Encore Wire Corp. (L) 11,562 237,946
EnerSys (I) 30,082 602,242
Franklin Electric Company, Inc. 14,045 509,553
Fuelcell Energy, Inc. (I)(L) 79,899 67,107
Generac Holdings, Inc. (I) 15,090 283,843
Global Power Equipment Group, Inc. (I) 9,639 224,300
II-VI, Inc. (I) 31,059 543,533
LSI Industries, Inc. 13,347 83,152
Powell Industries, Inc. (I) 5,442 168,539
PowerSecure International, Inc. (I) 13,172 62,304
Preformed Line Products Company 1,581 72,410
Satcon Technology Corp. (I)(L) 58,027 55,126
Vicor Corp. 11,946 104,528
Woodward, Inc. 36,855 1,009,827
 
    7,293,920
Industrial Conglomerates - 0.22%    
Raven Industries, Inc. 10,946 527,597
Seaboard Corp. 196 353,190
Standex International Corp. 7,717 240,230
Tredegar Industries, Inc. 14,305 212,143
 
    1,333,160
Machinery - 2.87%    
3D Systems Corp. (I)(L) 25,286 353,751
Accuride Corp. (I) 24,705 126,490
Actuant Corp., Class A 40,963 809,019
Alamo Group, Inc. 4,549 94,574
Albany International Corp., Class A (L) 16,862 307,732
Altra Holdings, Inc. (I) 16,351 189,181
American Railcar Industries, Inc. (I) 6,181 95,064
Ampco-Pittsburgh Corp. 5,769 117,976
Astec Industries, Inc. (I) 11,863 347,349
Badger Meter, Inc. (L) 9,046 261,701
Barnes Group, Inc. (L) 32,489 625,413
Blount International, Inc. (I) 29,383 392,557
Briggs & Stratton Corp. (L) 30,111 406,800
Cascade Corp. 5,541 185,014
Chart Industries, Inc. (I)(L) 17,662 744,807
CIRCOR International, Inc. 10,318 303,040
CLARCOR, Inc. 30,102 1,245,621
Colfax Corp. (I)(L) 15,425 312,511
Columbus McKinnon Corp. (I) 12,085 132,452
Commercial Vehicle Group, Inc. (I) 18,220 119,705
Douglas Dynamics, Inc. 11,787 150,638
Dynamic Materials Corp. 8,630 135,923
Energy Recovery, Inc. (I) 32,502 97,831
EnPro Industries, Inc. (I)(L) 12,472 370,169
ESCO Technologies, Inc. 16,035 408,893
Federal Signal Corp. 39,392 174,113
Flow International Corp. (I) 32,882 72,669
Force Protection, Inc. (I) 43,408 167,121
FreightCar America, Inc. (I) 7,811 112,557

 

312

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Graham Corp. 6,530 $ 108,659
Greenbrier Companies, Inc. (I)(L) 11,189 130,352
Hurco Companies, Inc. (I) 4,487 91,086
John Bean Technologies Corp. 17,106 243,932
Kadant, Inc. (I) 7,592 134,834
Kaydon Corp. (L) 19,404 556,507
LB Foster Co. 5,962 132,535
Lindsay Corp. (L) 7,445 400,541
Lydall, Inc. (I) 11,206 99,733
Meritor, Inc. (I)(L) 57,046 402,745
Met-Pro Corp. 12,325 105,749
Middleby Corp. (I)(L) 11,275 794,437
Miller Industries, Inc. 8,085 140,275
Mueller Industries, Inc. 22,792 879,543
Mueller Water Products, Inc. 94,059 233,266
NACCO Industries, Inc., Class A 3,501 221,963
NN, Inc. (I) 11,018 55,641
PMFG, Inc. (I)(L) 10,307 162,541
RBC Bearings, Inc. (I) 13,117 445,847
Robbins & Myers, Inc. 23,572 818,184
Sauer-Danfoss, Inc. (I) 6,967 201,346
Sun Hydraulics, Inc. 12,033 245,233
Tecumseh Products Company, Class A (I) 12,465 90,870
Tennant Company 11,434 404,421
The Gorman-Rupp Company 9,157 226,086
Titan International, Inc. (L) 25,132 376,980
TriMas Corp. (I) 15,425 229,061
Twin Disc, Inc. 5,262 140,338
Wabash National Corp. (I)(L) 41,190 196,476
Watts Water Technologies, Inc., Class A (L) 17,936 477,994
Xerium Technologies, Inc. (I)(L) 7,309 76,525
 
    17,684,371
Marine - 0.05%    
Eagle Bulk Shipping, Inc. (I)(L) 42,063 66,039
Excel Maritime Carriers, Ltd. (I)(L) 30,232 62,883
Genco Shipping & Trading, Ltd. (I)(L) 18,887 147,507
 
    276,429
Professional Services - 1.41%    
Acacia Research (I)(L) 25,704 925,087
Barrett Business Services, Inc. 5,968 83,194
CBIZ, Inc. (I)(L) 24,915 164,190
CDI Corp. 8,518 90,972
CoStar Group, Inc. (I) 15,187 789,268
CRA International, Inc. (I) 7,014 140,350
Exponent, Inc. (I) 8,492 350,974
FTI Consulting, Inc. (I) 25,061 922,495
GP Strategies Corp. (I) 9,829 98,192
Heidrick & Struggles International, Inc. 10,927 179,749
Hill International, Inc. (I) 16,725 78,273
Hudson Highland Group, Inc. (I)(L) 23,413 80,072
Huron Consulting Group, Inc. (I) 13,396 417,017
ICF International, Inc. (I) 11,945 224,685
Insperity, Inc. 13,589 302,355
Kelly Services, Inc., Class A 16,019 182,617
Kforce, Inc. (I) 20,445 200,565
Korn/Ferry International (I) 28,337 345,428
Mistras Group, Inc. (I) 9,245 162,342
Navigant Consulting Company (I) 31,593 292,867
Odyssey Marine Exploration, Inc. (I)(L) 43,737 107,593
On Assignment, Inc. (I) 22,755 160,878
Pendrell Corp. (I)(L) 90,898 204,521
Resources Connection, Inc. 28,374 277,498
RPX Corp. (I) 6,017 124,612

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Professional Services (continued)    
School Specialty, Inc. (I)(L) 10,637 $ 75,842
The Advisory Board Company (I) 9,493 612,583
The Corporate Executive Board Company 20,692 616,622
The Dolan Company (I) 19,482 175,143
TrueBlue, Inc. (I) 26,568 301,015
 
    8,686,999
Road & Rail - 1.10%    
AMERCO, Inc. (I) 5,215 325,677
Arkansas Best Corp. 15,725 253,959
Avis Budget Group, Inc. (I)(L) 63,227 611,405
Celadon Group, Inc. 14,025 124,542
Dollar Thrifty Automotive Group, Inc. (I)(L) 17,884 1,006,869
Genesee & Wyoming, Inc., Class A (I) 23,466 1,091,638
Heartland Express, Inc. (L) 30,879 418,719
Knight Transportation, Inc. 36,572 486,773
Marten Transport, Ltd. 10,720 184,813
Old Dominion Freight Line, Inc. (I) 28,625 829,266
Quality Distribution, Inc. (I) 10,687 95,862
RailAmerica, Inc. (I) 13,021 169,664
Roadrunner Transportation Systems, Inc. (I) 6,337 86,944
Saia, Inc. (I) 10,728 112,859
Swift Transporation Company (I) 48,765 314,047
Werner Enterprises, Inc. (L) 26,312 548,079
Zipcar, Inc. (I)(L) 6,272 112,896
 
    6,774,012
Trading Companies & Distributors - 0.89%    
Aceto Corp. 19,062 100,838
Aircastle, Ltd. 34,315 326,679
Applied Industrial Technologies, Inc. 25,178 683,834
Beacon Roofing Supply, Inc. (I)(L) 27,785 444,282
CAI International, Inc. (I) 7,903 92,623
DXP Enterprises, Inc. (I) 5,631 106,032
H&E Equipment Services, Inc. (I) 17,469 144,119
Houston Wire & Cable Company (L) 11,467 131,756
Interline Brands, Inc. (I) 20,281 261,016
Kaman Corp., Class A 15,542 432,845
RSC Holdings, Inc. (I) 41,074 292,858
Rush Enterprises, Inc., Class A (I) 19,836 280,878
Seacube Container Leasing, Ltd. 7,527 91,303
TAL International Group, Inc. 12,037 300,203
Textainer Group Holdings, Ltd. 6,513 132,084
Titan Machinery, Inc. (I)(L) 9,325 166,918
United Rentals, Inc. (I)(L) 37,624 633,588
Watsco, Inc. (L) 16,556 846,012
 
    5,467,868
 
    87,843,973
Information Technology - 16.32%    
Communications Equipment - 2.13%    
ADTRAN, Inc. 38,539 1,019,742
Anaren, Inc. (I) 9,482 181,580
Arris Group, Inc. (I)(L) 74,136 763,601
Aruba Networks, Inc. (I)(L) 51,153 1,069,609
Aviat Networks, Inc. (I) 39,046 91,758
Bel Fuse, Inc., Class B 7,065 110,143
Black Box Corp. 10,639 227,143
Blue Coat Systems, Inc. (I) 26,223 363,975
Calix, Inc. (I) 22,533 175,757
Communications Systems, Inc. 4,894 63,622
Comtech Telecommunications Corp. 16,132 453,148
DG FastChannel, Inc. (I)(L) 16,577 280,980
Digi International, Inc. (I) 15,801 173,811
Emcore Corp. (I)(L) 55,569 55,013

 

313

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Communications Equipment (continued)    
Emulex Corp. (I) 52,866 $ 338,342
Extreme Networks, Inc. (I) 57,596 152,629
Finisar Corp. (I)(L) 53,795 943,564
Globecomm Systems, Inc. (I) 14,016 189,356
Harmonic, Inc. (I) 69,756 297,161
Infinera Corp. (I)(L) 63,648 491,363
InterDigital, Inc. (L) 27,185 1,266,277
Ixia (I) 23,745 182,124
KVH Industries, Inc. (I) 10,460 82,739
Loral Space & Communications, Inc. (I) 6,524 326,852
Meru Networks, Inc. (I)(L) 7,712 62,853
Netgear, Inc. (I) 21,921 567,535
Oclaro, Inc. (I) 31,233 113,688
Oplink Communications, Inc. (I) 12,611 190,931
OpNext, Inc. (I) 20,256 25,320
Plantronics, Inc. 28,629 814,495
Powerwave Technologies, Inc. (I)(L) 102,808 176,830
Procera Networks, Inc. (I) 5,396 51,802
ShoreTel, Inc. (I) 28,804 143,444
Sonus Networks, Inc. (I)(L) 126,515 274,538
Sycamore Networks, Inc. 12,346 222,845
Symmetricom, Inc. (I) 27,956 121,329
Tekelec, Inc. (I) 37,332 225,485
Viasat, Inc. (I)(L) 21,787 725,725
Westell Technologies, Inc., Class A (I) 37,466 80,927
 
    13,098,036
Computers & Peripherals - 0.56%    
Avid Technology, Inc. (I)(L) 17,857 138,213
Cray, Inc. (I) 23,951 127,180
Dot Hill Systems Corp. (I) 39,238 59,249
Electronics for Imaging, Inc. (I) 27,881 375,557
Imation Corp. (I)(L) 18,476 135,060
Immersion Corp. (I) 18,221 108,962
Intermec, Inc. (I) 36,182 235,907
Intevac, Inc. (I) 15,040 105,130
Novatel Wireless, Inc. (I)(L) 20,795 62,801
OCZ Technology Group, Inc. (I)(L) 31,301 151,810
Quantum Corp. (I) 135,895 245,970
Rimage Corp. 7,059 89,296
Silicon Graphics International Corp. (I)(L) 18,758 223,595
STEC, Inc. (I)(L) 24,717 250,630
Stratasys, Inc. (I)(L) 12,844 238,128
Super Micro Computer, Inc. (I) 16,245 203,550
Synaptics, Inc. (I) 20,608 492,531
Xyratex, Ltd. (L) 19,041 176,510
 
    3,420,079
Electronic Equipment, Instruments & Components - 2.30%  
Aeroflex Holding Corp. (I) 12,196 110,984
Agilysys, Inc. (I) 11,636 82,965
Anixter International, Inc. (L) 17,298 820,617
Benchmark Electronics, Inc. (I) 36,247 471,573
Brightpoint, Inc. (I) 41,541 382,593
Checkpoint Systems, Inc. (I) 24,361 330,822
Cognex Corp. 24,856 673,846
Coherent, Inc. (I) 15,037 645,990
CTS Corp. 21,385 173,860
Daktronics, Inc. 21,059 180,686
DDi Corp. 10,959 79,343
DTS, Inc. (I) 10,395 258,108
Echelon Corp. (I)(L) 22,021 154,367
Electro Rent Corp. 11,616 160,417
Electro Scientific Industries, Inc. (I) 13,650 162,299
Fabrinet (I) 12,132 226,868

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
FARO Technologies, Inc. (I) 9,833 $ 310,231
FEI Company (I) 23,245 696,420
GSI Group, Inc. (I) 16,030 123,110
Insight Enterprises, Inc. (I) 28,133 425,934
KEMET Corp. (I) 26,388 188,674
Lecroy Corp. (I) 11,154 88,117
Littelfuse, Inc. 13,649 548,826
Maxwell Technologies, Inc. (I)(L) 17,409 320,500
Measurement Specialties, Inc. (I) 9,108 236,444
Mercury Computer Systems, Inc. (I) 18,180 209,070
Methode Electronics, Inc. 22,435 166,692
Microvision, Inc. (I)(L) 52,578 35,758
MTS Systems Corp. 9,358 286,729
Multi-Fineline Electronix, Inc. (I) 5,536 110,388
Newport Corp. (I) 22,558 243,852
OSI Systems, Inc. (I) 11,311 379,145
Park Electrochemical Corp. 12,342 263,749
Plexus Corp. (I) 22,614 511,529
Power-One, Inc. (I)(L) 41,173 185,279
Pulse Electronics Corp. (L) 28,713 82,119
RadiSys Corp. (I) 14,247 87,192
Richardson Electronics, Ltd. 10,230 139,230
Rofin-Sinar Technologies, Inc. (I) 17,179 329,837
Rogers Corp. (I) 9,556 373,926
Sanmina-SCI Corp. (I) 48,624 324,808
Scansource, Inc. (I)(L) 16,279 481,207
SYNNEX Corp. (I) 15,021 393,550
TTM Technologies, Inc. (I)(L) 31,422 298,823
Universal Display Corp. (I)(L) 23,117 1,108,229
Vishay Precision Group, Inc. (I) 8,033 105,875
X-Rite, Inc. (I)(L) 17,891 66,733
Zygo Corp. (I) 10,481 121,160
 
    14,158,474
Internet Software & Services - 1.77%    
Active Network, Inc./the (I) 8,330 122,868
Ancestry.com, Inc. (I)(L) 19,061 447,934
comScore, Inc. (I) 19,377 326,890
Constant Contact, Inc. (I)(L) 17,942 310,217
Cornerstone Ondemand, Inc. (I)(L) 7,512 94,200
DealerTrack Holdings, Inc. (I) 24,837 389,196
Dice Holdings, Inc. (I) 29,310 229,204
Digital River, Inc. (I) 23,944 496,359
Earthlink, Inc. 67,139 438,418
Envestnet, Inc. (I) 11,761 117,610
InfoSpace, Inc. (I) 23,685 198,007
Internap Network Services Corp. (I) 32,272 158,778
IntraLinks Holdings, Inc. (I) 19,428 145,904
j2 Global Communications, Inc. (L) 27,907 750,698
Keynote Systems, Inc. 8,678 183,366
KIT Digital, Inc. (I)(L) 21,980 184,632
Limelight Networks, Inc. (I)(L) 41,875 98,825
Liquidity Services, Inc. (I) 11,333 363,449
LivePerson, Inc. (I) 31,986 318,261
LogMeIn, Inc. (I) 12,336 409,679
LoopNet, Inc. (I) 12,713 217,774
Marchex, Inc., Class B 13,966 118,711
Mediamind Technologies Inc. (I) 5,370 118,140
ModusLink Global Solutions, Inc. 30,286 105,698
Move, Inc. (I) 100,243 145,352
NIC, Inc. 38,699 443,104
OpenTable, Inc. (I)(L) 14,155 651,272
Openwave Systems, Inc. (I) 57,609 89,870
Perficient, Inc. (I) 15,832 115,890

 

314

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet Software & Services (continued)    
QuinStreet, Inc. (I) 17,142 $ 177,420
RealNetworks, Inc. 13,418 113,114
Responsys, Inc. (I) 6,124 66,017
RightNow Technologies, Inc. (I) 14,966 494,626
Saba Software, Inc. (I) 19,158 110,350
Sciquest, Inc. (I)(L) 8,011 119,684
SPS Commerce, Inc. (I) 6,102 99,402
Stamps.com, Inc. 8,527 174,292
Support.com, Inc. (I) 32,608 64,564
Travelzoo, Inc. (I)(L) 3,356 73,798
United Online, Inc. (L) 54,015 282,498
ValueClick, Inc. (I) 47,414 737,762
Vocus, Inc. (I) 10,673 178,879
Web.com Group, Inc. (I) 18,597 129,807
XO Group, Inc. (I) 20,174 164,822
Zix Corp. (I)(L) 41,996 112,129
 
    10,889,470
IT Services - 1.92%    
Acxiom Corp. (I) 48,889 520,179
CACI International, Inc., Class A (I) 17,862 892,028
Cardtronics, Inc. (I) 26,189 600,252
Cass Information Systems, Inc. 5,388 167,297
Ciber, Inc. (I) 39,028 118,255
Computer Task Group, Inc. (I) 10,122 113,063
Convergys Corp. (I) 62,746 588,557
CSG Systems International, Inc. (I) 21,522 272,038
Dynamics Research Corp. (I) 6,506 58,034
Echo Global Logistics, Inc. (I)(L) 7,407 98,513
Euronet Worldwide, Inc. (I)(L) 31,134 490,049
ExlService Holdings, Inc. (I) 9,807 215,754
Forrester Research, Inc. 8,686 282,382
Global Cash Access Holdings, Inc. (I) 43,243 110,702
Heartland Payment Systems, Inc. 23,109 455,709
iGate Corp. (L) 18,826 217,252
Jack Henry & Associates, Inc. 51,552 1,493,977
Lionbridge Technologies, Inc. (I) 41,990 103,295
ManTech International Corp., Class A (L) 13,903 436,276
MAXIMUS, Inc. 20,697 722,325
MoneyGram International, Inc. (I) 52,058 121,295
NCI, Inc. (I) 4,610 54,997
Ness Technologies, Inc. (I) 21,235 162,660
PRGX Global, Inc. (I) 13,681 64,574
Sapient Corp. 65,313 662,274
ServiceSource International, Inc. (I) 6,086 80,396
Syntel, Inc. 9,196 397,175
TeleTech Holdings, Inc. (I) 15,343 233,827
The Hackett Group, Inc. (I) 22,047 82,235
TNS, Inc. (I) 15,759 296,269
Unisys Corp. (I) 26,002 407,971
VeriFone Systems, Inc. (I) 7,641 267,588
Virtusa Corp. (I) 9,384 123,869
Wright Express Corp. (I) 23,074 877,735
 
    11,788,802
Semiconductors & Semiconductor Equipment - 3.60%  
Advanced Analogic Technologies, Inc. (I) 26,849 116,256
Advanced Energy Industries, Inc. (I) 25,758 222,034
Alpha & Omega Semiconductor, Ltd. (I)(L) 9,525 78,200
Amkor Technology, Inc. (I)(L) 63,460 276,686
Amtech Systems, Inc. (I) 6,379 51,032
Anadigics, Inc. (I)(L) 42,515 91,832
Applied Micro Circuits Corp. (I) 38,606 207,314
ATMI, Inc. (I) 18,628 294,695
Axcelis Technologies, Inc. (I) 67,838 81,406

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
AXT, Inc. (I) 19,863 $ 100,110
Brooks Automation, Inc. 39,419 321,265
Cabot Microelectronics Corp. (I) 13,987 481,013
Cavium Inc. (I)(L) 28,995 783,155
Ceva, Inc. (I) 13,837 336,377
Cirrus Logic, Inc. (I)(L) 39,456 581,581
Cohu, Inc. 14,915 147,360
CSR PLC, ADR (I) 4,450 59,363
Cymer, Inc. (I) 18,127 673,962
Diodes, Inc. (I)(L) 21,198 379,868
DSP Group, Inc. (I) 16,184 95,486
Entegris, Inc. (I) 80,454 513,297
Entropic Communications, Inc. (I)(L) 51,581 213,030
Exar Corp. (I) 23,815 135,984
FormFactor, Inc. (I) 31,421 195,753
FSI International, Inc. (I) 16,805 31,761
GSI Technology, Inc. (I) 13,834 68,063
GT Advanced Technologies Inc. (I)(L) 75,326 528,789
Hittite Microwave Corp. (I) 18,590 905,333
Inphi Corp. (I) 12,364 108,432
Integrated Device Technology, Inc. (I) 88,282 454,652
Integrated Silicon Solution, Inc. (I) 16,730 130,661
IXYS Corp. (I) 14,591 158,750
Kopin Corp. (I) 40,411 138,610
Kulicke & Soffa Industries, Inc. (I) 42,824 319,467
Lattice Semiconductor Corp. (I) 69,438 364,550
LTX-Credence Corp. (I) 30,224 159,885
Maxlinear, Inc., Class A (I) 11,427 73,818
Micrel, Inc. 29,509 279,450
Microsemi Corp. (I) 51,617 824,840
Mindspeed Technologies, Inc. (I)(L) 21,262 110,562
MIPS Technologies, Inc. (I)(L) 31,884 154,319
MKS Instruments, Inc. 31,330 680,174
Monolithic Power Systems, Inc. (I) 18,413 187,444
MoSys, Inc. (I)(L) 23,524 86,098
Nanometrics, Inc. (I) 12,257 177,727
Netlogic Microsystems, Inc. (I)(L) 40,799 1,962,840
NVE Corp. (I)(L) 3,062 185,741
Omnivision Technologies, Inc. (I)(L) 34,571 485,377
PDF Solutions, Inc. (I) 16,227 66,206
Pericom Semiconductor Corp. (I) 16,444 121,850
Photronics, Inc. (I)(L) 32,653 162,612
PLX Technology, Inc. (I) 31,192 93,888
Power Integrations, Inc. (L) 17,220 527,104
Rambus, Inc. (I) 58,802 823,228
RF Micro Devices, Inc. (I) 165,109 1,046,791
Rubicon Technology, Inc. (I)(L) 10,651 116,415
Rudolph Technologies, Inc. (I) 19,727 131,974
Semtech Corp. (I) 38,743 817,477
Sigma Designs, Inc. (I)(L) 19,730 154,683
Silicon Image, Inc. (I) 47,818 280,692
Spansion, Inc., Class A (I) 29,692 362,836
Standard Microsystems Corp. (I) 13,743 266,614
Supertex, Inc. (I) 7,157 123,816
Tessera Technologies, Inc. (I) 30,695 366,498
TriQuint Semiconductor, Inc. (I)(L) 97,851 491,212
Ultra Clean Holdings, Inc. (I) 15,056 64,590
Ultratech, Inc. (I) 15,049 258,090
Veeco Instruments, Inc. (I)(L) 24,305 593,042
Volterra Semiconductor Corp. (I) 14,625 281,239
 
    22,165,259
Software - 4.04%    
Accelrys, Inc. (I) 34,475 208,919
ACI Worldwide, Inc. (I) 20,109 553,802

 

315

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Actuate Corp. (I) 23,314 $ 128,693
Advent Software, Inc. (I)(L) 19,634 409,369
American Software, Inc., Class A 15,931 115,500
Aspen Technology, Inc. (I) 51,045 779,457
Blackbaud, Inc. 26,776 596,302
Blackboard, Inc. (I)(L) 21,139 944,068
Bottomline Technologies, Inc. (I) 20,379 410,433
BroadSoft, Inc. (I)(L) 13,570 411,850
Callidus Software, Inc. (I)(L) 20,358 93,850
CommVault Systems, Inc. (I) 26,428 979,422
Concur Technologies, Inc. (I) 26,695 993,588
Convio, Inc. (I) 8,996 75,656
Deltek, Inc. (I)(L) 14,887 89,471
DemandTec, Inc. (I) 20,642 134,999
Digimarc Corp. (I) 4,122 104,616
Ebix, Inc. (L) 18,393 270,377
EPIQ Systems, Inc. 18,981 237,832
Fair Isaac Corp. 23,883 521,366
FalconStor Software, Inc. (I) 21,363 62,380
Glu Mobile Inc. (I)(L) 25,924 54,700
Interactive Intelligence Group (I) 8,588 233,164
JDA Software Group, Inc. (I)(L) 25,412 595,657
Kenexa Corp. (I) 15,977 249,880
Magma Design Automation, Inc. (I)(L) 40,687 185,126
Manhattan Associates, Inc. (I) 12,882 426,137
Mentor Graphics Corp. (I) 57,774 555,786
MicroStrategy, Inc., Class A (I) 4,780 545,255
Monotype Imaging Holdings, Inc. (I) 21,773 264,106
Motricity, Inc. (I)(L) 23,104 39,046
Netscout Systems, Inc. (I) 22,689 259,108
NetSuite, Inc. (I) 16,293 440,074
Opnet Technologies, Inc. 8,466 295,548
Parametric Technology Corp. (I) 70,924 1,090,811
Pegasystems, Inc. (L) 9,956 304,753
Progress Software Corp. (I) 40,082 703,439
PROS Holdings, Inc. (I) 13,086 168,679
QLIK Technologies, Inc. (I) 42,097 911,821
Quest Software, Inc. (I) 36,252 575,682
RealD, Inc. (I)(L) 23,484 219,575
RealPage, Inc. (I) 18,235 372,906
Renaissance Learning, Inc. 8,499 142,613
Rosetta Stone, Inc. (I)(L) 6,971 63,785
S1 Corp. (I) 32,695 299,813
Seachange International, Inc. (I)(L) 16,594 127,774
Smith Micro Software, Inc. (I) 22,969 34,913
SolarWinds, Inc. (I) 34,131 751,565
Sourcefire, Inc. (I)(L) 17,277 462,333
SS&C Technologies Holdings, Inc. (I) 14,984 214,121
SuccessFactors, Inc. (I)(L) 47,408 1,089,910
Synchronoss Technologies, Inc. (I) 15,916 396,468
Take-Two Interactive Software, Inc. (I) 44,050 560,316
Taleo Corp. (I) 24,628 633,432
TeleCommunication Systems, Inc. (I) 29,693 102,441
TeleNav, Inc. (I)(L) 9,860 87,458
THQ, Inc. (I)(L) 44,123 76,333
TiVo, Inc. (I)(L) 72,305 675,329
Tyler Technologies, Inc. (I)(L) 19,396 490,331
Ultimate Software Group, Inc. (I) 15,557 726,823
VASCO Data Security International, Inc. (I) 16,529 84,463
Verint Systems, Inc. (I) 12,932 339,982
VirnetX Holding Corp. (I)(L) 24,485 367,030
Wave Systems Corp. Class A (I)(L) 53,548 125,302

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Websense, Inc. (I)(L) 24,154 $ 417,864
 
    24,883,602
 
    100,403,722
Materials - 4.23%    
Chemicals - 1.96%    
A. Schulman, Inc. 18,193 309,099
American Vanguard Corp. (L) 14,008 156,329
Arch Chemicals, Inc. (L) 14,002 656,974
Balchem Corp. 17,446 650,910
Calgon Carbon Corp. (I)(L) 34,000 495,380
Chemtura Corp. (I) 57,598 577,708
Ferro Corp. (I) 52,005 319,831
Flotek Industries, Inc. (I)(L) 30,499 142,430
Futurefuel Corp. 11,496 119,558
Georgia Gulf Corp. (I) 20,489 283,363
H.B. Fuller Company 29,537 538,164
Hawkins, Inc. (L) 5,409 172,223
Innophos Holdings, Inc. 13,064 520,862
Innospec, Inc. (I) 14,246 344,896
KMG Chemicals, Inc. 5,330 65,666
Koppers Holdings, Inc. 12,343 316,104
Kraton Performance Polymers, Inc. (I) 19,092 308,909
Landec Corp. (I) 19,433 103,384
LSB Industries, Inc. (I) 10,975 314,653
Minerals Technologies, Inc. 10,960 539,999
NewMarket Corp. (L) 5,374 816,149
Olin Corp. 47,464 854,827
OM Group, Inc. (I) 18,527 481,146
Omnova Solutions, Inc. (I)(L) 28,074 100,505
PolyOne Corp. 55,954 599,267
Quaker Chemical Corp. 7,674 198,910
Senomyx, Inc. (I)(L) 25,393 89,129
Sensient Technologies Corp. 29,863 972,041
Spartech Corp. (I) 20,459 65,469
Stepan Company 4,823 324,009
STR Holdings, Inc. (I)(L) 18,550 150,441
TPC Group, Inc. (I) 8,028 161,202
Zep, Inc. 13,552 203,551
Zoltek Companies, Inc. (I)(L) 17,323 111,387
 
    12,064,475
Construction Materials - 0.15%    
Eagle Materials, Inc. 26,526 441,658
Headwaters, Inc. (I) 40,724 58,643
Texas Industries, Inc. (L) 13,703 434,933
 
    935,234
Containers & Packaging - 0.16%    
AEP Industries, Inc. (I) 3,929 87,224
Boise, Inc. 62,128 321,202
Graphic Packaging Holding Company (I) 95,777 330,431
Myers Industries, Inc. 19,611 199,052
 
    937,909
Metals & Mining - 1.40%    
A. M. Castle & Company (I) 10,594 115,898
AMCOL International Corp. (L) 14,850 356,252
Century Aluminum Company (I)(L) 31,233 279,223
Coeur d’Alene Mines Corp. (I) 53,381 1,144,489
General Moly, Inc. (I)(L) 42,231 122,470
Globe Specialty Metals, Inc. 37,970 551,324
Gold Resource Corp. (L) 16,979 282,700
Golden Minerals Company (I) 7,967 59,274
Golden Star Resources, Ltd. (I)(L) 154,395 287,175

 

316

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Metals & Mining (continued)    
Haynes International, Inc. 7,376 $ 320,487
Hecla Mining Company (I)(L) 166,523 892,563
Horsehead Holding Corp. (I) 26,655 197,780
Jaguar Mining, Inc. (I)(L) 50,830 238,901
Kaiser Aluminum Corp. (L) 9,855 436,379
Materion Corp. (I) 12,267 278,216
Metals USA Holdings Corp. (I) 7,609 68,101
Midway Gold Corp. (I)(L) 50,222 100,946
Noranda Aluminum Holding Corp. (I) 14,189 118,478
Olympic Steel, Inc. 6,001 101,657
Paramount Gold and Silver Corp. (I)(L) 70,845 167,194
RTI International Metals, Inc. (I)(L) 18,209 424,634
Stillwater Mining Company (I)(L) 61,880 525,980
Thompson Creek Metals Company, Inc. (I) 91,420 554,919
Universal Stainless & Alloy Products, Inc. (I) 4,465 113,500
US Gold Corp. (I)(L) 62,331 249,947
Vista Gold Corp. (I)(L) 44,666 149,184
Worthington Industries, Inc. (L) 34,398 480,540
 
    8,618,211
Paper & Forest Products - 0.56%    
Buckeye Technologies, Inc. 23,806 573,963
Clearwater Paper Corp. (I) 13,842 470,351
Deltic Timber Corp. (L) 6,565 391,799
KapStone Paper and Packaging Corp. (I) 23,584 327,582
Louisiana-Pacific Corp. (I) 78,737 401,559
Neenah Paper, Inc. 9,194 130,371
P.H. Glatfelter Company 27,491 363,156
Schweitzer-Mauduit International, Inc. 10,380 579,931
Wausau Paper Corp. 30,860 197,195
 
    3,435,907
    25,991,736
Telecommunication Services - 0.94%    
Diversified Telecommunication Services - 0.79%    
8x8, Inc. (I)(L) 38,635 157,244
AboveNet, Inc. 13,655 731,908
Alaska Communications    
Systems Group, Inc. (L) 28,371 186,114
Atlantic Tele-Network, Inc. 5,858 192,611
Cbeyond, Inc. (I) 17,278 121,983
Cincinnati Bell, Inc. (I)(L) 120,511 372,379
Cogent Communications Group, Inc. (I) 27,959 376,049
Consolidated Communications Holdings, Inc. 15,721 283,764
Fairpoint Communications, Inc. (I)(L) 13,615 58,545
General Communication, Inc., Class A (I) 25,540 209,428
Global Crossing, Ltd. (I) 18,336 438,414
Globalstar, Inc. (I) 72,392 29,608
HickoryTech Corp. (L) 10,165 97,787
IDT Corp., Class B 8,237 168,035
inContact, Inc. (I)(L) 21,198 73,133
Iridium Communications, Inc. (I)(L) 26,771 165,980
Neutral Tandem, Inc. (I) 21,069 203,948
PAETEC Holding Corp. (I) 75,592 399,882
Premiere Global Services, Inc. (I) 32,006 205,479
SureWest Communications 9,366 98,062
Towerstream Corp. (I) 23,523 60,219
Vonage Holdings Corp. (I) 83,489 217,071
 
    4,847,643
Wireless Telecommunication Services - 0.15%    
Leap Wireless International, Inc. (I)(L) 36,491 251,788
NTELOS Holdings Corp. 17,956 318,360
Shenandoah Telecommunications Company (L) 15,547 173,194

 

Small Cap Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Wireless Telecommunication Services (continued)    
USA Mobility, Inc. 13,575 $ 179,190
 
    922,532
 
    5,770,175
Utilities - 3.78%    
Electric Utilities - 1.55%    
Allete, Inc. 19,141 701,135
Central Vermont Public Service Corp. 8,209 289,039
Cleco Corp. 36,045 1,230,576
El Paso Electric Company 25,438 816,305
IDACORP, Inc. 29,287 1,106,463
MGE Energy, Inc. 14,278 580,686
Otter Tail Corp. 22,195 406,169
PNM Resources, Inc. 51,550 846,967
Portland General Electric Company 44,464 1,053,352
The Empire District Electric Company 25,980 503,492
UIL Holdings Corp. 29,967 986,813
Unisource Energy Corp. (L) 22,041 795,460
Unitil Corp. 8,135 208,907
 
    9,525,364
Gas Utilities - 1.32%    
Chesapeake Utilities Corp. 6,131 245,914
New Jersey Resources Corp. 23,962 1,020,062
Nicor, Inc. 26,199 1,441,207
Northwest Natural Gas Company (L) 15,450 681,345
Piedmont Natural Gas Company, Inc. (L) 41,530 1,199,802
South Jersey Industries, Inc. 17,626 876,894
Southwest Gas Corp. 26,799 969,320
The Laclede Group, Inc. 13,475 522,156
WGL Holdings, Inc. 29,536 1,153,972
 
    8,110,672
Independent Power Producers & Energy Traders - 0.16%  
Atlantic Power Corp. (L) 40,273 571,474
Dynegy, Inc. (I)(L) 63,358 261,035
Ormat Technologies, Inc. (L) 11,142 179,163
 
    1,011,672
Multi-Utilities - 0.44%    
Avista Corp. (L) 34,284 817,673
Black Hills Corp. (L) 23,610 723,410
CH Energy Group, Inc. 8,876 463,061
NorthWestern Corp. 21,700 693,098
 
    2,697,242
Water Utilities - 0.31%    
American States Water Company 10,620 360,337
Cadiz, Inc. (I)(L) 10,463 82,762
California Water Service Group 25,415 450,100
Connecticut Water Service, Inc. (L) 7,419 185,623
Consolidated Water Company, Ltd. 11,628 91,629
Middlesex Water Company 11,305 192,976
Pennichuck Corp. 5,310 148,574
SJW Corp. 11,169 243,149
York Water Company 11,136 180,180
 
    1,935,330
 
    23,280,280
TOTAL COMMON STOCKS (Cost $488,276,393) $ 578,107,306

 

317

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

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% , 3.000 $ 6 $ 1,152
TOTAL PREFERRED SECURITIES (Cost $1,213) $ 1,152
 
CORPORATE BONDS - 0.00%      
Financials - 0.00%      
GAMCO Investors, Inc.      
Zero Coupon, 12/31/2015 (I)(Z)   16,300 11,073
TOTAL CORPORATE BONDS (Cost $13,006) $ 11,073
 
WARRANTS - 0.00%      
Krispy Kreme Doughnuts, Inc. (Expiration      
Date: 03/02/12; Strike Price: $12.21) (I)   251 73
TOTAL WARRANTS (Cost $0)   $ 73
 
SECURITIES LENDING COLLATERAL - 23.24%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   14,293,197 143,006,291
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $143,023,523)   $ 143,006,291
 
SHORT-TERM INVESTMENTS - 5.11%    
Repurchase Agreement - 5.11%      
Repurchase Agreement with State Street Corp.    
dated 09/30/2011 at 0.010% to be      
repurchased at $31,420,026 on 10/03/2011,    
collateralized by $25,165,000 U.S. Treasury    
Notes, 4.250% due 11/15/2040 valued at      
$32,053,919, including interest) $ 31,420,000 $ 31,420,000
TOTAL SHORT-TERM INVESTMENTS (Cost $31,420,000) $ 31,420,000
Total Investments (Small Cap Index Trust)    
(Cost $662,734,135) - 122.32%   $ 752,545,895
Other assets and liabilities, net - (22.32%)   (137,319,472)
TOTAL NET ASSETS - 100.00%   $ 615,226,423
 
 
 
Small Cap Opportunities Trust    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 98.62%      
Consumer Discretionary - 15.23%      
Auto Components - 1.51%      
Dana Holding Corp. (I)   51,089 $ 536,435
Dorman Products, Inc. (I)   1,425 47,139
Drew Industries, Inc.   2,156 43,077
Exide Technologies (I)   8,927 35,708
Federal-Mogul Corp. (I)   5,117 75,476
Fuel Systems Solutions, Inc. (I)(L)   170 3,266
Modine Manufacturing Company (I)   62,257 564,048
Motorcar Parts of America, Inc. (I)   2,433 20,024
Shiloh Industries, Inc.   1,515 13,590
Spartan Motors, Inc.   7,540 31,140
Standard Motor Products, Inc.   4,100 53,177
Superior Industries International, Inc.   7,211 111,410
TRW Automotive Holdings Corp. (I)   16,674 545,740
 
      2,080,230

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Distributors - 0.05%    
Audiovox Corp., Class A (I) 1,334 $ 7,324
Core-Mark Holding Company, Inc. 1,976 60,525
Weyco Group, Inc. 18 401
 
    68,250
Diversified Consumer Services - 0.38%    
Ascent Media Corp., Class A (I) 3,168 124,566
Career Education Corp. (I)(L) 329 4,293
Carriage Services, Inc. 1,797 10,602
Education Management Corp. (I)(L) 192 2,849
Lincoln Educational Services Corp. 1,100 8,899
Mac-Gray Corp. 1,524 19,675
Matthews International Corp., Class A 298 9,166
Regis Corp. 8,945 126,035
Service Corp. International 22,478 205,898
Stewart Enterprises, Inc., Class A (L) 723 4,302
 
    516,285
Hotels, Restaurants & Leisure - 3.31%    
Bally Technologies, Inc. (I) 14,620 394,448
Benihana, Inc. (I) 1,100 9,383
Benihana, Inc., Class A (I) 1,279 11,012
Biglari Holdings, Inc. (I) 314 93,066
Bluegreen Corp. (I) 7,550 15,855
Bob Evans Farms, Inc. 4,378 124,861
Boyd Gaming Corp. (I)(L) 12,417 60,843
Canterbury Park Holding Corp. (I) 200 1,878
Churchill Downs, Inc. 2,448 95,545
DineEquity, Inc. (I) 18,200 700,518
Dover Downs Gaming & Entertainment, Inc. 2,170 4,883
Dover Motorsports, Inc. (I) 400 488
Full House Resorts, Inc. (I) 2,390 6,549
Gaming Partners International Corp. 800 5,280
Gaylord Entertainment Company (I) 7,000 135,380
Great Wolf Resorts, Inc. (I) 5,835 14,938
International Speedway Corp., Class A 4,071 92,982
Isle of Capri Casinos, Inc. (I)(L) 6,889 33,343
J. Alexander’s Corp. (I) 600 3,726
Lakes Gaming, Inc. (I) 4,180 10,199
Life Time Fitness, Inc. (I) 4,600 169,510
Luby’s, Inc. (I) 6,251 25,629
Marcus Corp. 4,071 40,506
McCormick & Schmick’s    
Seafood Restaurants, Inc. (I) 3,840 26,573
Monarch Casino & Resort, Inc. (I) 1,158 11,325
MTR Gaming Group, Inc. (I) 4,293 8,414
Multimedia Games Holding Company, Inc. (I) 5,383 21,747
Nathan’s Famous, Inc. (I) 100 1,899
O’Charley’s, Inc. (I)(L) 4,300 25,542
Orient Express Hotels, Ltd., Class A (I) 14,713 101,667
P.F. Chang’s China Bistro, Inc. (L) 13,353 363,736
Papa John’s International, Inc. (I) 16,074 488,650
Penn National Gaming, Inc. (I) 6,801 226,405
Pinnacle Entertainment, Inc. (I)(L) 10,171 92,353
Red Lion Hotels Corp. (I) 3,000 20,130
Red Robin Gourmet Burgers, Inc. (I) 4,000 96,360
Rick’s Cabaret International, Inc. (I) 2,439 16,366
Ruby Tuesday, Inc. (I) 9,400 67,304
Ruth’s Hospitality Group, Inc. (I) 1,200 5,148
Speedway Motorsports, Inc. 7,130 86,130
Texas Roadhouse, Inc., Class A 48,492 641,064
The Wendy’s Company 35,579 163,308
Vail Resorts, Inc. 954 36,052
 
    4,550,995

 

318

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Household Durables - 1.14%    
Acme United Corp. 733 $ 6,949
Bassett Furniture Industries, Inc. 2,530 17,837
Beazer Homes USA, Inc. (I)(L) 13,500 20,385
Blyth, Inc. 753 41,754
Cavco Industries, Inc. (I) 581 20,010
Craftmade International, Inc. (I) 100 220
CSS Industries, Inc. 976 16,280
D.R. Horton, Inc. 7,604 68,740
Emerson Radio Corp. (I) 4,869 7,352
Ethan Allen Interiors, Inc. 500 6,805
Furniture Brands International, Inc. (I)(L) 9,800 20,188
Helen of Troy, Ltd. (I) 2,878 72,295
Hooker Furniture Corp. 2,555 23,123
Jarden Corp. 2,332 65,902
KB Home (L) 1,700 9,962
Kid Brands, Inc. (I) 3,500 9,240
La-Z-Boy, Inc. (I) 9,646 71,477
Lennar Corp., Class A (L) 20,500 277,570
Lennar Corp., Class B 1,969 20,123
Lifetime Brands, Inc. 1,690 16,292
M/I Homes, Inc. (I) 3,580 21,516
Meritage Homes Corp. (I) 4,713 71,355
Mohawk Industries, Inc. (I) 6,900 296,079
Pulte Group, Inc. (I) 26,388 104,233
Ryland Group, Inc. 759 8,083
Skyline Corp. 1,252 11,957
Stanley Furniture Company, Inc. (I) 2,340 6,903
Toll Brothers, Inc. (I) 17,461 251,962
Universal Electronics, Inc. (I) 213 3,491
 
    1,568,083
Internet & Catalog Retail - 0.02%    
1-800-Flowers.com, Inc., Class A (I) 4,819 11,180
dELiA*s, Inc. (I) 5,085 6,712
Gaiam, Inc., Class A 3,676 12,462
 
    30,354
Leisure Equipment & Products - 0.17%    
Aldila, Inc. 1,240 3,199
Arctic Cat, Inc. (I) 2,070 29,994
Callaway Golf Company 11,857 61,301
Jakks Pacific, Inc. (L) 2,753 52,169
Leapfrog Enterprises, Inc. (I) 3,000 10,110
Smith & Wesson Holding Corp. (I) 3,256 8,205
Steinway Musical Instruments, Inc. (I) 3,066 66,103
The Nautilus Group, Inc. (I) 2,868 4,302
 
    235,383
Media - 1.00%    
AH Belo Corp. 4,238 17,800
Beasley Broadcasting Group, Inc. (I) 502 1,918
Clear Channel Outdoor    
Holdings, Inc., Class A (I) 3,087 28,894
Entercom Communications Corp., Class A (I) 500 2,625
EW Scripps Company (I) 8,760 61,320
Fisher Communications, Inc. (I) 1,962 43,831
Gannett Company, Inc. 136 1,296
Gray Television, Inc. (I) 10,200 15,912
Harte-Hanks, Inc. 1,221 10,354
Journal Communications, Inc., Class A (I) 8,698 25,833
Lee Enterprises, Inc. (I)(L) 7,296 5,691
Live Nation Entertainment, Inc. (I) 15,512 124,251
Martha Stewart Living    
Omnimedia, Inc., Class A (I) 1,000 3,120
Media General, Inc., Class A (I) 4,268 8,152
Meredith Corp. (L) 800 18,112

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Navarre Corp. (I) 4,100 $ 6,970
New Frontier Media, Inc. (I) 3,784 4,049
Outdoor Channel Holdings, Inc. (I) 1,369 7,831
Radio One, Inc., Class D (I) 2,600 3,198
Salem Communications Corp., Class A 2,700 6,183
Scholastic Corp. 1,457 40,840
The Interpublic Group of Companies, Inc. 85,995 619,164
The Madison Square Garden, Inc., Class A (I) 3,469 79,093
The McClatchy Company, Class A (I)(L) 11,095 14,867
The Washington Post Company, Class B (L) 694 226,917
 
    1,378,221
Multiline Retail - 1.13%    
99 Cents Only Stores (I) 204 3,758
Dillard’s, Inc., Class A (L) 31,445 1,367,229
Fred’s, Inc., Class A 6,647 70,857
Saks, Inc. (I)(L) 11,005 96,294
Tuesday Morning Corp. (I) 3,900 13,728
 
    1,551,866
Specialty Retail - 5.31%    
A.C. Moore Arts & Crafts, Inc. (I) 5,768 6,114
Aaron’s, Inc. 1,700 42,925
Americas Car-Mart, Inc. (I) 1,375 39,903
Asbury Automotive Group, Inc. (I) 2,400 39,576
Barnes & Noble, Inc. (I)(L) 9,769 115,567
Bebe Stores, Inc. 13,838 92,991
Books-A-Million, Inc. (L) 3,850 8,932
Brown Shoe Company, Inc. (L) 7,015 49,947
Build-A-Bear Workshop, Inc. (I) 4,400 22,440
Cabela’s, Inc. (I) 12,299 252,007
Cache, Inc. (I) 3,100 15,469
Casual Male Retail Group, Inc. (I) 4,708 17,702
Charming Shoppes, Inc. (I) 21,328 55,453
Christopher & Banks Corp. 6,438 22,726
Collective Brands, Inc. (I)(L) 7,624 98,807
Conn’s, Inc. (I) 7,967 57,203
DSW, Inc., Class A 2,847 131,474
Express, Inc. 38,951 790,316
Foot Locker, Inc. 12,148 244,053
GameStop Corp., Class A (I)(L) 12,900 297,990
Genesco, Inc. (I)(L) 25,564 1,317,313
GNC Holdings, Inc., Class A (I) 36,741 739,229
Golfsmith International Holdings, Inc. (I) 1,211 4,057
Group 1 Automotive, Inc. 3,464 123,145
Haverty Furniture Companies, Inc. 4,241 42,368
HOT Topic, Inc. 7,199 54,928
Lithia Motors, Inc., Class A 5,007 72,001
MarineMax, Inc. (I)(L) 4,789 30,985
New York & Company, Inc. (I) 10,714 34,178
Office Depot, Inc. (I) 16,863 34,738
OfficeMax, Inc. (I) 1,900 9,215
Pacific Sunwear of California, Inc. (I) 12,800 15,360
Penske Automotive Group, Inc. (L) 45,433 726,928
PEP Boys - Manny, Moe & Jack 8,900 87,843
Rent-A-Center, Inc. 7,599 208,593
Shoe Carnival, Inc. (I) 2,153 50,811
Sonic Automotive, Inc. 900 9,711
Stage Stores, Inc. 6,200 85,994
Stein Mart, Inc. 4,251 26,569
Systemax, Inc. (I) 1,623 20,645
The Finish Line, Inc., Class A 47,696 953,443
The Men’s Wearhouse, Inc. 7,100 185,168
The Wet Seal, Inc., Class A (I) 5,693 25,505
West Marine, Inc. (I) 4,205 32,379

 

319

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Zale Corp. (I)(L) 5,800 $ 16,530
    7,309,231
Textiles, Apparel & Luxury Goods - 1.21%    
Carter’s, Inc. (I) 2,214 67,616
Charles & Colvard, Ltd. (I) 343 772
Culp, Inc. (I) 130 1,099
Delta Apparel, Inc. (I) 500 7,875
Heelys, Inc. (I) 2,094 4,230
Iconix Brand Group, Inc. (I) 8,941 141,268
K-Swiss, Inc., Class A (I)(L) 4,879 20,736
Kenneth Cole Productions, Inc., Class A (I) 1,500 16,095
Lacrosse Footwear, Inc. 979 12,698
Lakeland Industries, Inc. (I) 1,110 8,658
Lazare Kaplan International, Inc. (I) 300 750
Movado Group, Inc. 3,138 38,221
Perry Ellis International, Inc. (I) 2,800 52,640
PVH Corp. 17,332 1,009,416
Quiksilver, Inc. (I)(L) 24,200 73,810
RG Barry Corp. 662 7,017
Rocky Brands, Inc. (I) 1,478 14,677
Skechers U.S.A., Inc., Class A (I) 3,281 46,032
Tandy Brands Accessories, Inc. (I) 300 348
The Jones Group, Inc. 12,700 116,967
Unifi, Inc. (I) 3,647 29,796
 
    1,670,721
    20,959,619
Consumer Staples - 5.03%    
Beverages - 0.29%    
Central European Distribution Corp. (I)(L) 6,619 46,399
Coca-Cola Bottling Company Consolidated 432 23,959
Constellation Brands, Inc., Class A (I) 16,850 303,300
Craft Brewers Alliance, Inc. (I) 2,909 16,319
MGP Ingredients, Inc. 2,764 14,013
 
    403,990
Food & Staples Retailing - 0.99%    
Ingles Markets, Inc. 2,425 34,532
Nash Finch Company 2,050 55,207
Spartan Stores, Inc. 3,767 58,313
SUPERVALU, Inc. (L) 21,686 144,429
Susser Holdings Corp. (I) 3,144 62,660
The Andersons, Inc. 2,523 84,924
The Pantry, Inc. (I) 3,699 44,869
United Natural Foods, Inc. (I) 19,998 740,726
Weis Markets, Inc. 2,432 90,130
Winn-Dixie Stores, Inc. (I)(L) 9,151 54,174
 
    1,369,964
Food Products - 3.03%    
Alico, Inc. 341 6,697
B&G Foods, Inc. 451 7,523
Cal-Maine Foods, Inc. 600 18,858
Chiquita Brands International, Inc. (I) 7,667 63,943
Corn Products International, Inc. 16,134 633,098
Darling International, Inc. (I) 58,061 730,988
Dean Foods Company (I) 19,448 172,504
Diamond Foods, Inc. (L) 800 63,832
Dole Food Company, Inc. (I)(L) 12,705 127,050
Farmer Brothers Company (I) 555 3,058
Fresh Del Monte Produce, Inc. 9,412 218,358
Imperial Sugar Company 2,695 17,356
J & J Snack Foods Corp. 598 28,734
Omega Protein Corp. (I) 4,487 40,742

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products (continued)    
Ralcorp Holdings, Inc. (I) 4,383 $ 336,220
Seneca Foods Corp., Class A (I) 1,409 27,898
Smart Balance, Inc. (I) 7,689 45,365
Smithfield Foods, Inc. (I) 21,963 428,279
The Hain Celestial Group, Inc. (I) 6,737 205,815
TreeHouse Foods, Inc. (I) 16,027 991,110
 
    4,167,428
Household Products - 0.18%    
Central Garden & Pet Company (I) 2,553 17,616
Central Garden & Pet Company, Class A (I) 6,081 43,053
Oil-Dri Corp of America 531 9,866
Orchids Paper Products Company 100 1,249
Spectrum Brands Holdings, Inc. (I) 7,410 175,024
 
    246,808
Personal Products - 0.42%    
CCA Industries, Inc. 1,277 6,551
Elizabeth Arden, Inc. (I) 4,884 138,901
Mannatech, Inc. (I) 2,763 1,492
Natural Alternatives International, Inc. (I) 200 802
Nutraceutical International Corp. (I) 2,093 26,749
Parlux Fragrances, Inc. (I) 4,242 13,617
Prestige Brands Holdings, Inc. (I) 42,854 387,829
 
    575,941
Tobacco - 0.12%    
Alliance One International, Inc. (I) 14,184 34,609
Universal Corp. 3,597 128,988
 
    163,597
    6,927,728
Energy - 8.42%    
Energy Equipment & Services - 4.69%    
Basic Energy Services, Inc. (I) 8,500 120,360
Bolt Technology Corp. (I) 1,328 13,333
Bristow Group, Inc. 5,929 251,567
Cal Dive International, Inc. (I) 12,162 23,229
Dawson Geophysical Company (I) 1,653 38,978
Dresser-Rand Group, Inc. (I) 16,245 658,410
ENGlobal Corp. (I) 5,500 14,905
Exterran Holdings, Inc. (I)(L) 8,722 84,778
Geokinetics, Inc. (I) 1,591 3,850
Global Industries, Ltd. (I) 18,100 143,352
Gulf Islands Fabrication, Inc. 3,019 62,433
Gulfmark Offshore, Inc., Class A (I) 4,500 163,530
Helix Energy Solutions Group, Inc. (I) 14,179 185,745
Hercules Offshore, Inc. (I)(L) 20,985 61,276
Hornbeck Offshore Services, Inc. (I) 5,300 132,023
Key Energy Services, Inc. (I) 16,135 153,121
Lufkin Industries, Inc. 9,471 503,952
Matrix Service Company (I) 2,076 17,667
Mitcham Industries, Inc. (I) 2,431 27,227
Natural Gas Services Group, Inc. (I) 2,620 33,615
Newpark Resources, Inc. (I)(L) 12,359 75,266
Oceaneering International, Inc. 19,978 706,023
Oil States International, Inc. (I) 4,210 214,373
Parker Drilling Company (I) 21,964 96,422
Patterson-UTI Energy, Inc. 48,779 845,828
PHI, Inc. (I) 3,660 70,052
Pioneer Drilling Company (I) 13,400 96,212
Rowan Companies, Inc. (I) 12,819 387,006
SEACOR Holdings, Inc. 2,200 176,462
Superior Energy Services, Inc. (I) 21,558 565,682
Tetra Technologies, Inc. (I) 9,546 73,695

 

320

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy Equipment & Services (continued)    
TGC Industries, Inc. (I) 3,906 $ 17,186
Tidewater, Inc. (L) 5,378 226,145
Union Drilling, Inc. (I) 5,429 25,516
Unit Corp. (I) 4,557 168,244
Willbros Group, Inc. (I) 5,700 23,769
 
    6,461,232
Oil, Gas & Consumable Fuels - 3.73%    
Alon USA Energy, Inc. 7,477 45,834
Approach Resources, Inc. (I) 510 8,665
Berry Petroleum Company, Class A 5,400 191,052
Bill Barrett Corp. (I) 3,900 141,336
BioFuel Energy Corp. (I) 1,141 214
Comstock Resources, Inc. (I) 5,875 90,828
Contango Oil & Gas Company (I) 600 32,826
CREDO Petroleum Corp. (I) 1 8
Crimson Exploration, Inc. (I) 3,855 8,288
Crosstex Energy, Inc. 7,200 97,056
CVR Energy, Inc. (I) 12,800 270,592
Delek US Holdings, Inc. 9,835 110,840
DHT Holdings, Inc. (L) 7,721 15,751
Double Eagle Petroleum &    
Mining Company (I) 2,117 13,485
Endeavour International Corp. (I) 1,682 13,422
Energen Corp. 15,532 635,103
Energy Partners, Ltd. (I) 9,082 100,538
Forest Oil Corp. (I) 22,498 323,971
General Maritime Corp. (I) 12,031 3,128
Georesources, Inc. (I) 709 12,613
Green Plains Renewable Energy, Inc. (I) 7,544 70,386
Harvest Natural Resources, Inc. (I)(L) 5,978 51,231
HKN, Inc. (I) 1,950 4,388
HollyFrontier Corp. 26,696 699,969
Overseas Shipholding Group, Inc. (L) 4,700 64,578
Penn Virginia Corp. (L) 7,585 42,248
Petroleum Development Corp. (I)(L) 3,720 72,131
Plains Exploration & Production Company (I) 14,008 318,122
Rex Energy Corp. (I) 2,945 37,254
SandRidge Energy, Inc. (I)(L) 67,424 374,877
SemGroup Corp., Class A (I) 40 798
Sunoco, Inc. 10,902 338,071
Swift Energy Company (I) 4,000 97,360
Teekay Corp. 7,282 164,646
Tesoro Corp. (I)(L) 20,200 393,294
USEC, Inc. (I)(L) 18,439 29,687
Western Refining, Inc. (I)(L) 20,442 254,707
 
    5,129,297
    11,590,529
Financials - 19.02%    
Capital Markets - 1.95%    
Affiliated Managers Group, Inc. (I) 6,569 512,710
American Capital, Ltd. (I) 55,500 378,510
Calamos Asset Management, Inc. 100 1,001
Capital Southwest Corp. 848 62,752
Cowen Group, Inc., Class A (I) 1,830 4,959
E*TRADE Financial Corp. (I) 17,069 155,499
Edelman Financial Group, Inc. 1,576 10,181
Evercore Partners, Inc., Class A 24,485 558,258
FirstCity Financial Corp. (I) 2,100 13,965
GFI Group, Inc. 5,428 21,821
Harris & Harris Group, Inc. (I) 5,338 18,950
International FCStone, Inc. (I) 462 9,591
Investment Technology Group, Inc. (I) 1,297 12,698
JMP Group, Inc. 3,000 17,430

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Capital Markets (continued)    
Legg Mason, Inc. 7,225 $ 185,755
MCG Capital Corp. 14,059 55,674
Medallion Financial Corp. 2,675 24,878
MF Global Holdings, Ltd. (I) 19,100 78,883
Oppenheimer Holdings, Inc., Class A 488 7,828
Penson Worldwide, Inc. (I)(L) 5,366 7,781
Piper Jaffray Companies (I) 800 14,344
Safeguard Scientifics, Inc. (I) 2,897 43,455
SEI Investments Company 29,560 454,633
SWS Group, Inc. (I)(L) 6,700 31,423
 
    2,682,979
Commercial Banks - 5.47%    
1st Source Corp. 3,630 75,613
1st United Bancorp, Inc. (I) 727 3,584
Ameris Bancorp (I)(L) 3,487 30,372
Associated-Banc Corp. 11,775 109,508
BancFirst Corp. 500 16,580
Bancorp, Inc. (I) 4,862 34,812
BancTrust Financial Group, Inc. (I) 4,650 10,928
Banner Corp. 397 5,078
Boston Private Financial Holdings, Inc. (L) 9,773 57,465
Bryn Mawr Bank Corp. 409 6,777
Camden National Corp. 317 8,632
Cape Bancorp, Inc. (I) 551 3,896
Capital City Bank Group, Inc. (L) 3,946 41,038
CapitalSource, Inc. 8,310 51,023
Cardinal Financial Corp. 5,843 50,367
Cathay General Bancorp 11,418 129,937
Center Bancorp, Inc. 2,875 27,744
Center Financial Corp. (I) 4,662 21,865
Centerstate Banks, Inc. 1,121 5,863
Chemical Financial Corp. 3,570 54,657
City Holding Company 100 2,699
CoBiz Financial, Inc. 5,646 25,238
Columbia Banking System, Inc. 4,235 60,645
Comerica, Inc. 2,545 58,459
Commerce Bancshares, Inc. 15,442 536,610
Community Bank Systems, Inc. (L) 1,500 34,035
Community Trust Bancorp, Inc. 990 23,057
Crescent Financial Corp. (I) 1,656 4,951
CVB Financial Corp. 1,964 15,103
East West Bancorp, Inc. 40,618 605,614
Encore Bancshares, Inc. (I)(L) 2,368 25,243
Enterprise Financial Services Corp. 2,969 40,349
Fidelity Southern Corp. 1,531 9,952
Financial Institutions, Inc. 1,481 21,119
First BanCorp, Inc. 431 0
First BanCorp/Puerto Rico (I) 431 1,207
First Bancorp/Troy NC 3,559 35,732
First Busey Corp. 5,529 24,051
First California Financial Group, Inc. (I) 324 975
First Commonwealth Financial Corp. 15,940 58,978
First Community Bancshares, Inc. 1,579 16,106
First Financial Bancorp 1,900 26,220
First Financial Corp./Indiana 1,071 29,463
First Interstate Bancsystem, Inc. 297 3,181
First Merchants Corp. 4,925 34,721
First Midwest Bancorp, Inc. 11,000 80,520
First Security Group, Inc. (I) 300 645
First South Bancorp, Inc. (I) 1,628 5,893
FirstMerit Corp. 2,433 27,639
FNB Corp. 13,082 112,113
German American Bancorp, Inc. 358 5,771
Glacier Bancorp, Inc. 3,300 30,921

 

321

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Great Southern Bancorp, Inc. (L) 711 $ 11,931
Greene County Bancshares, Inc. (I)(L) 2,987 3,793
Hampden Bancorp, Inc. 1,142 15,040
Hancock Holding Company 5,355 143,407
Heartland Financial USA, Inc. 1,021 14,478
Heritage Commerce Corp. (I) 2,996 11,535
Heritage Financial Corp. 86 949
Home Bancorp, Inc. (I) 527 7,668
Home Bancshares, Inc. 640 13,581
IBERIABANK Corp. 771 36,283
Independent Bank Corp. - MA (L) 2,831 61,546
Independent Bank Corp. - Michigan (I) 206 393
International Bancshares Corp. 8,607 113,182
Intervest Bancshares Corp. (I) 1,311 3,513
Lakeland Bancorp, Inc. 3,615 28,269
Lakeland Financial Corp. 2,380 49,171
Macatawa Bank Corp. (I)(L) 8,394 22,664
MainSource Financial Group, Inc. 4,125 35,970
MB Financial, Inc. 7,447 109,620
MBT Financial Corp. (I) 3,023 3,416
Mercantile Bank Corp. (I) 1,266 9,862
Metro Bancorp, Inc. (I) 709 6,133
Midsouth Bancorp, Inc. 91 978
Nara Bancorp, Inc. (I) 5,230 31,746
National Penn Bancshares, Inc. (L) 20,821 145,955
NBT Bancorp, Inc. 1,200 22,344
NewBridge Bancorp. (I) 1,494 5,752
North Valley Bancorp (I) 244 2,294
Northfield Bancorp, Inc. (L) 2,264 29,975
Old National Bancorp 11,100 103,452
Old Second Bancorp, Inc. (I)(L) 3,121 3,932
Oriental Financial Group, Inc. 6,026 58,271
Pacific Continental Corp. 117 830
Pacific Mercantile Bancorp (I) 2,510 8,409
PacWest Bancorp (L) 1,300 18,122
Park Sterling Corp. (I) 493 1,686
Peoples Bancorp, Inc. 2,153 23,683
Pinnacle Financial Partners, Inc. (I)(L) 6,152 67,303
Popular, Inc. (I) 81,329 121,994
Preferred Bank/Los Angeles CA (I) 220 1,747
PrivateBancorp, Inc. 1,300 9,776
Renasant Corp. 4,209 53,581
Republic Bancorp, Inc., Class A 623 11,033
S&T Bancorp, Inc. 800 12,928
Sandy Spring Bancorp, Inc. 3,480 50,912
SCBT Financial Corp. 900 22,212
Seacoast Banking Corp. of Florida (I) 1,900 2,793
Sierra Bancorp 1,452 13,286
Simmons First National Corp., Class A 697 15,125
Somerset Hills Bancorp 315 2,400
Southern Community Financial Corp. (I) 3,274 3,798
Southside Bancshares, Inc. 935 16,839
Southwest Bancorp, Inc. (I) 4,604 19,429
State Bancorp, Inc. 2,498 26,404
StellarOne Corp. 4,142 41,213
Sterling Bancorp 1,900 13,794
Sun Bancorp, Inc. (I) 4,649 12,320
Superior Bancorp (I)(L) 2,703 5
Susquehanna Bancshares, Inc. 18,886 103,306
Synovus Financial Corp. (L) 77,839 83,288
Taylor Capital Group, Inc. (I) 1,618 10,388
Texas Capital Bancshares, Inc. (I) 32,113 733,782
TIB Financial Corp. (I) 332 3,157
Tompkins Financial Corp. 43 1,539
Tower Bancorp., Inc. 777 16,270

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
TowneBank (L) 2,692 $ 30,608
TriCo Bancshares 700 8,589
Trustmark Corp. 1,900 34,485
UMB Financial Corp. 321 10,298
Umpqua Holdings Corp. 18,568 163,213
Union First Market Bankshares Corp. 3,984 42,708
United Bankshares, Inc. 1,400 28,126
United Community Banks, Inc. (I)(L) 1,726 14,654
Univest Corp. of Pennsylvania 1,571 20,941
Virginia Commerce Bancorp, Inc. (I)(L) 5,893 34,592
Washington Banking Company 2,041 19,859
Washington Trust Bancorp, Inc. 2,598 51,388
Webster Financial Corp. 9,112 139,414
WesBanco, Inc. 5,143 89,025
West Bancorp, Inc. 397 3,367
West Coast Bancorp (I) 1,012 14,168
Western Alliance Bancorp (I) 11,898 65,201
Wintrust Financial Corp. (L) 29,445 759,975
Yadkin Valley Financial Corp. (I) 3,532 5,863
Zions Bancorporation (L) 47,109 662,824
 
    7,532,702
Consumer Finance - 0.22%    
Advance America Cash Advance Centers, Inc. 4,800 35,328
Cash America International, Inc. 3,600 184,176
Nelnet, Inc., Class A 4,156 78,050
The First Marblehead Corp. (I)(L) 11,988 12,228
 
    309,782
Diversified Financial Services - 0.56%    
Asset Acceptance Capital Corp. (I) 4,739 15,970
Asta Funding, Inc. 2,925 23,722
Interactive Brokers Group, Inc., Class A 1,200 16,716
Marlin Business Services Corp. (I) 1,698 17,999
MicroFinancial, Inc. 400 2,240
NewStar Financial, Inc. (I) 11,166 104,290
PHH Corp. (I) 8,966 144,173
PICO Holdings, Inc. (I) 723 14,829
Resource America, Inc. 3,450 15,560
The NASDAQ OMX Group, Inc. (I) 18,000 416,520
 
    772,019
Insurance - 6.84%    
21st Century Holding Company (I) 1,090 2,540
Affirmative Insurance Holdings, Inc. (I) 3,500 5,635
Alleghany Corp. (I) 321 92,609
Allied World Assurance    
Company Holdings, Ltd. 4,400 236,302
Alterra Capital Holdings, Ltd. 10,744 203,814
American Equity Investment Life    
Holding Company (L) 9,878 86,433
American Financial Group, Inc. 13,539 420,657
American National Insurance Company 2,350 162,738
American Safety Insurance Holdings, Ltd. (I) 2,154 39,634
AMERISAFE, Inc. (I) 2,200 40,502
Amtrust Financial Services, Inc. 3,300 73,458
Argo Group International Holdings, Ltd. 4,728 134,133
Arthur J. Gallagher & Company 20,648 543,042
Aspen Insurance Holdings, Ltd. 11,100 255,744
Assurant, Inc. 9,300 332,940
Assured Guaranty, Ltd. 16,213 178,181
Axis Capital Holdings, Ltd. 5,126 132,968
Citizens, Inc., Class A (I)(L) 2,024 12,974
CNO Financial Group, Inc. (I) 40,256 217,785
Delphi Financial Group, Inc., Class A 6,292 135,404
Donegal Group, Inc. 3,550 42,742

 

322

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Eastern Insurance Holdings, Inc. 2,342 $ 30,797
EMC Insurance Group, Inc. 1,920 35,328
Employers Holdings, Inc. 1,400 17,864
Endurance Specialty Holdings, Ltd. 6,600 225,390
Enstar Group, Ltd. (I) 1,114 106,086
Everest Re Group, Ltd. 1,488 118,117
FBL Financial Group, Inc., Class A 4,934 131,343
First Acceptance Corp. (I) 7,986 9,823
First American Financial Corp. 11,608 148,582
Flagstone Reinsurance Holdings SA 11,831 91,690
FPIC Insurance Group, Inc. (I) 14,199 594,086
Global Indemnity PLC (I) 2,945 50,301
Greenlight Capital Re, Ltd., Class A (I) 1,100 22,814
Hallmark Financial Services, Inc. (I) 4,008 29,539
Harleysville Group, Inc. 2,576 151,623
Hilltop Holdings, Inc. (I) 10,034 72,345
Horace Mann Educators Corp. 6,694 76,379
Independence Holding Company 3,599 26,093
Kemper Corp. 9,673 231,765
Maiden Holdings, Ltd. 4,553 33,647
MBIA, Inc. (I)(L) 15,946 115,927
Meadowbrook Insurance Group, Inc. 8,411 74,942
Montpelier Re Holdings, Ltd. 10,711 189,370
National Financial Partners Corp. (I) 7,720 84,457
National Interstate Corp. 926 20,353
Old Republic International Corp. 19,416 173,191
OneBeacon Insurance Group, Ltd. 2,200 30,008
PartnerRe, Ltd. 2,239 117,033
Platinum Underwriters Holdings, Ltd. 5,800 178,350
Presidential Life Corp. 606 4,981
Protective Life Corp. 5,419 84,699
Reinsurance Group of America, Inc. 9,576 440,017
RLI Corp. 700 44,506
Safety Insurance Group, Inc. 1,810 68,472
SeaBright Holdings, Inc. 3,501 25,207
Selective Insurance Group, Inc. 1,357 17,709
StanCorp Financial Group, Inc. 3,200 88,224
State Auto Financial Corp. 4,187 55,059
Stewart Information Services Corp. 3,766 33,291
The Hanover Insurance Group, Inc. 17,045 605,098
The Navigators Group, Inc. (I) 2,206 95,299
The Phoenix Companies, Inc. (I) 21,638 26,398
Tower Group, Inc. 4,834 110,505
Transatlantic Holdings, Inc. 8,641 419,261
United Fire & Casualty Company 2,908 51,443
Universal Insurance Holdings, Inc. 1,834 7,061
Validus Holdings, Ltd. 9,357 233,176
White Mountains Insurance Group, Ltd. 1,140 462,555
 
    9,410,439
Real Estate Investment Trusts - 2.58%    
Douglas Emmett, Inc. 42,500 726,750
DuPont Fabros Technology, Inc. (L) 34,600 681,274
Education Realty Trust, Inc. 82,200 706,098
LaSalle Hotel Properties 32,791 629,587
Tanger Factory Outlet Centers, Inc. 31,100 808,911
 
    3,552,620
Real Estate Management & Development - 0.37%    
Avatar Holdings, Inc. (I) 2,398 19,616
Jones Lang LaSalle, Inc. 9,232 478,310
Thomas Properties Group, Inc. (I) 4,109 9,369
ZipRealty, Inc. (I) 900 1,305
 
    508,600

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thrifts & Mortgage Finance - 1.03%    
Abington Bancorp, Inc. 3,803 $ 27,382
Astoria Financial Corp. (L) 11,661 89,673
Atlantic Coast Financial Corp. (I) 105 211
Bank Mutual Corp. 4,042 10,550
BankAtlantic Bancorp, Inc. (I)(L) 4,395 2,681
BankFinancial Corp. 4,835 32,104
Beneficial Mutual Bancorp, Inc. (I) 1,418 10,564
Berkshire Hill Bancorp, Inc. 3,823 70,611
BofI Holding, Inc. (I) 2,469 33,233
Brookline Bancorp, Inc. 6,000 46,260
Dime Community Bancshares 3,100 31,403
Doral Financial Corp. (I) 5,700 6,213
ESSA Bancorp, Inc. 2,461 25,865
Federal Agricultural    
Mortgage Corp., Class C (L) 1,713 32,598
First Defiance Financial Corp. (I) 1,235 16,549
First Financial Holdings, Inc. 3,484 13,971
First Financial Northwest, Inc. (I) 2,425 13,629
First Niagara Financial Group, Inc. 17,427 159,457
First PacTrust Bancorp, Inc. 230 2,606
First Place Financial Corp. (I) 400 360
Flushing Financial Corp. 4,247 45,868
Fox Chase Bancorp, Inc. 112 1,420
Home Federal Bancorp, Inc. 2,328 18,205
Hopfed Bancorp, Inc. 416 2,385
Kaiser Federal Financial Group, Inc. 1,732 20,438
Louisiana Bancorp, Inc. (I) 100 1,583
Meridian Interstate Bancorp, Inc. (I) 2,279 24,864
MGIC Investment Corp. (I) 23,698 44,315
New England Bancshares, Inc. 100 932
Northeast Community Bancorp, Inc. 1,932 11,882
Northwest Bancshares, Inc. 3,468 41,304
OceanFirst Financial Corp. 1,700 19,839
Ocwen Financial Corp. (I) 12,254 161,875
Oritani Financial Corp. 249 3,202
People’s United Financial, Inc. 5,418 61,765
Provident Financial Holdings, Inc. 1,778 15,540
Provident Financial Services, Inc. 8,351 89,773
Provident New York Bancorp 201 1,170
Radian Group, Inc. 18,184 39,823
Riverview Bancorp, Inc. (I) 917 2,265
Rockville Financial, Inc. 762 7,224
Roma Financial Corp. 200 1,630
Territorial Bancorp, Inc. 79 1,513
The PMI Group, Inc. (I) 16,948 3,390
TierOne Corp. (I) 2,328 5
Tree.com, Inc. (I) 2,270 11,350
United Financial Bancorp, Inc. 2,387 32,678
Viewpoint Financial Group 74 847
Washington Federal, Inc. 6,780 86,377
Waterstone Financial, Inc. (I) 2,000 5,560
Westfield Financial, Inc. 4,152 27,362
 
    1,412,304
    26,181,445
Health Care - 12.16%    
Biotechnology - 0.65%    
Affymax, Inc. (I) 809 3,624
AMAG Pharmaceuticals, Inc. (I) 202 2,982
Astex Pharmaceuticals (I) 6,662 12,791
Celldex Therapeutics, Inc. (I) 3,564 8,144
Cubist Pharmaceuticals, Inc. (I)(L) 22,696 801,623
Enzon Pharmaceuticals, Inc. (I) 200 1,408
Infinity Pharmaceuticals, Inc. (I) 306 2,157

 

323

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Maxygen, Inc. 6,535 $ 35,746
MediciNova, Inc. (I) 500 1,060
Myriad Pharmaceuticals, Inc. (I) 3,408 9,338
Repligen Corp. (I) 1,386 4,532
Trimeris, Inc. (I) 3,845 9,689
 
    893,094
Health Care Equipment & Supplies - 3.05%    
Accuray, Inc. (I) 1,712 6,882
Alere, Inc. (I) 12,975 254,959
Alphatec Holdings, Inc. (I)(L) 8,403 17,730
Analogic Corp. 600 27,246
AngioDynamics, Inc. (I) 4,195 55,122
Anika Therapeutics, Inc. (I) 3,350 18,425
Cantel Medical Corp. 2,286 48,280
CONMED Corp. (I) 3,500 80,535
CryoLife, Inc. (I) 705 3,165
Cutera, Inc. (I) 3,120 22,214
Cynosure, Inc. (I) 2,139 21,583
Digirad Corp. (I) 3,100 6,851
Exactech, Inc. (I) 724 10,194
Greatbatch, Inc. (I) 38,140 763,181
Hologic, Inc. (I) 21,319 324,262
ICU Medical, Inc. (I) 600 22,080
Invacare Corp. 4,327 99,694
IRIS International, Inc. (I) 1,282 11,500
LeMaitre Vascular, Inc. 1,115 6,980
Medical Action Industries, Inc. (I) 1,293 6,530
Misonix, Inc. (I) 500 945
Natus Medical, Inc. (I) 1,871 17,793
Palomar Medical Technologies, Inc. (I) 1,177 9,275
Rochester Medical Corp. (I) 866 6,599
RTI Biologics, Inc. (I) 12,463 41,003
Solta Medical, Inc. (I) 3,330 4,163
SurModics, Inc. (I) 23 209
Symmetry Medical, Inc. (I) 6,511 50,265
Teleflex, Inc. 15,249 819,939
The Cooper Companies, Inc. (L) 16,718 1,323,230
TranS1, Inc. (I) 1,881 5,643
West Pharmaceutical Services, Inc. 635 23,559
Wright Medical Group, Inc. (I) 4,100 73,308
Young Innovations, Inc. 500 14,250
 
    4,197,594
Health Care Providers & Services - 5.22%    
Allied Healthcare International, Inc. (I) 8,327 31,976
Almost Family, Inc. (I) 685 11,392
Amedisys, Inc. (I) 1,941 28,766
American Dental Partners, Inc. (I) 3,454 33,366
AMN Healthcare Services, Inc. (I) 4,149 16,637
Amsurg Corp. (I) 40,139 903,128
Assisted Living Concepts, Inc. 3,648 46,220
BioScrip, Inc. (I) 3,200 20,352
Brookdale Senior Living, Inc. (I) 2,594 32,529
Capital Senior Living Corp. (I) 6,526 40,265
CardioNet, Inc. (I) 481 1,443
Centene Corp. (I) 1,050 30,104
Community Health Systems, Inc. (I) 11,400 189,696
Continucare Corp. (I) 3,283 20,946
Coventry Health Care, Inc. (I) 20,100 579,081
Cross Country Healthcare, Inc. (I) 2,192 9,163
Dynacq Healthcare, Inc. (I) 600 660
Five Star Quality Care, Inc. (I) 8,754 21,885
Gentiva Health Services, Inc. (I) 22,258 122,864
Hanger Orthopedic Group, Inc. (I) 40,557 766,122

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
Healthspring, Inc. (I) 31,440 $ 1,146,302
Healthways, Inc. (I) 5,277 51,873
Integramed America, Inc. (I) 830 6,582
IPC The Hospitalist Company, Inc. (I) 17,959 640,957
Kindred Healthcare, Inc. (I) 3,757 32,385
LHC Group, Inc. (I) 1,200 20,472
LifePoint Hospitals, Inc. (I) 5,943 217,752
Magellan Health Services, Inc. (I) 1,300 62,790
MedCath Corp. 4,233 58,754
Molina Healthcare, Inc. (I) 5,413 83,577
National Healthcare Corp. 855 27,617
Omnicare, Inc. (L) 10,905 277,314
Owens & Minor, Inc. 18,456 525,627
PDI, Inc. (I) 619 4,147
PharMerica Corp. (I) 3,833 54,697
Select Medical Holdings Corp. (I) 2,704 18,036
Skilled Healthcare Group, Inc. (I) 1,294 4,671
Sun Healthcare Group, Inc. (I) 2,633 7,109
SunLink Health Systems, Inc. (I) 100 195
The Providence Service Corp. (I) 1,200 12,780
Triple-S Management Corp., Class B (I) 3,459 57,938
Universal American Corp. 12,514 125,891
Universal Health Services, Inc., Class B 20,506 697,204
WellCare Health Plans, Inc. (I) 3,800 144,324
 
    7,185,589
Health Care Technology - 0.41%    
Arrhythmia Research Technology, Inc. 200 624
Emdeon, Inc., Class A (I) 1,084 20,368
Omnicell, Inc. (I) 39,413 543,111
 
    564,103
Life Sciences Tools & Services - 1.05%    
Affymetrix, Inc. (I) 11,100 54,390
Albany Molecular Research, Inc. (I) 1,700 4,794
Bio-Rad Laboratories, Inc., Class A (I) 7,441 675,420
BioClinica, Inc. (I) 3,000 14,670
Cambrex Corp. (I) 6,472 32,619
Charles River    
Laboratories International, Inc. (I) 20,547 588,055
Enzo Biochem, Inc. (I) 4,047 10,401
eResearch Technology, Inc. (I) 178 794
Furiex Pharmaceuticals, Inc. (I) 415 5,905
Harvard Bioscience, Inc. (I) 6,562 27,692
Medtox Scientific, Inc. 1,665 21,795
 
    1,436,535
Pharmaceuticals - 1.78%    
Adolor Corp. (I) 5,160 8,875
Cumberland Pharmaceuticals, Inc. (I) 261 1,462
Endo Pharmaceuticals Holdings, Inc. (I) 23,317 652,643
Hi-Tech Pharmacal Company, Inc. (I) 800 26,880
K-V Pharmaceutical Company, Class A (I)(L) 8,839 11,933
Lannett Company, Inc. (I) 3,934 15,067
Questcor Pharmaceuticals, Inc. (I)(L) 23,124 630,360
Viropharma, Inc. (I)(L) 61,100 1,104,077
 
    2,451,297
    16,728,212
Industrials - 14.85%    
Aerospace & Defense - 1.58%    
AAR Corp. 39,991 666,650
Aerovironment, Inc. (I)(L) 13,023 366,597
Allied Defense Group, Inc. (I) 1,300 4,095
Ceradyne, Inc. (I) 4,747 127,647

 

324

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Aerospace & Defense (continued)    
CPI Aerostructures, Inc. (I) 966 $ 9,187
Curtiss-Wright Corp. 5,251 151,386
Ducommun, Inc. (I) 2,274 34,065
Esterline Technologies Corp. (I) 4,048 209,848
Huntington Ingalls Industries, Inc. (I) 158 3,844
Innovative Solutions & Support, Inc. (I) 2,300 11,109
Kratos Defense & Security Solutions, Inc. (I) 2,919 19,616
LMI Aerospace, Inc. (I) 2,295 39,153
Moog, Inc., Class A (I) 2,500 81,550
Orbital Sciences Corp., Class A (I) 740 9,472
SIFCO Industries, Inc. 1,000 18,340
Sparton Corp. (I) 2,053 12,893
Sypris Solutions, Inc. (I) 1,826 5,551
Taser International, Inc. (I) 1,200 5,172
Teledyne Technologies, Inc. (I) 1,363 66,596
Triumph Group, Inc. 6,701 326,607
 
    2,169,378
Air Freight & Logistics - 0.52%    
Air Transport Services Group, Inc. (I) 11,029 47,756
Atlas Air Worldwide Holdings, Inc. (I) 3,546 118,046
Pacer International, Inc. (I) 3,311 12,416
UTI Worldwide, Inc. 40,863 532,854
 
    711,072
Airlines - 0.17%    
Hawaiian Holdings, Inc. (I) 166 699
JetBlue Airways Corp. (I)(L) 26,192 107,387
Pinnacle Airlines Corp. (I) 4,022 11,784
Republic Airways Holdings, Inc. (I) 7,051 19,954
Skywest, Inc. 7,577 87,211
 
    227,035
Building Products - 0.65%    
American Woodmark Corp. (I) 1,592 19,279
Ameron International Corp. 1,477 125,456
Apogee Enterprises, Inc. 5,284 45,390
Armstrong World Industries, Inc. 2,004 69,018
Builders FirstSource, Inc. (I) 300 381
Gibraltar Industries, Inc. (I) 5,909 47,981
Griffon Corp. (I)(L) 10,738 87,837
Insteel Industries, Inc. 2,944 29,646
Owens Corning, Inc. (I) 16,508 357,893
PGT, Inc. (I) 3,718 4,648
Quanex Building Products Corp. 1,567 17,159
Simpson Manufacturing Company, Inc. 1,100 27,423
Universal Forest Products, Inc. 2,665 64,093
US Home Systems, Inc. 656 3,273
 
    899,477
Commercial Services & Supplies - 2.42%    
ABM Industries, Inc. 35,432 675,334
Acorn Energy, Inc. 1,776 9,448
American Reprographics Company (I) 4,684 15,738
Casella Waste Systems, Inc., Class A (I) 476 2,504
CECO Environmental Corp. 2,294 13,145
Consolidated Graphics, Inc. (I) 1,633 59,653
Courier Corp. 1,544 10,098
EnergySolutions, Inc. (I) 8,765 30,940
Ennis, Inc. 4,881 63,746
Fuel Tech, Inc. (I) 215 1,251
G&K Services, Inc., Class A 2,329 59,483
Intersections, Inc. 3,791 48,714
KAR Auction Services, Inc. (I) 163 1,974
Kimball International, Inc., Class B 4,427 21,515
M&F Worldwide Corp. (I)(L) 1,700 41,854

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Services & Supplies (continued)    
McGrath Rentcorp 2,338 $ 55,621
Metalico, Inc. (I)(L) 7,400 28,860
Mobile Mini, Inc. (I) 6,846 112,548
Multi-Color Corp. 1,068 24,126
Schawk, Inc., Class A 3,240 31,979
Steelcase, Inc., Class A 9,558 60,311
Sykes Enterprises, Inc. (I) 3,202 47,870
Team, Inc. (I) 34,551 724,880
Tetra Tech, Inc. (I) 1,400 26,236
The Geo Group, Inc. (I) 9,034 167,671
Unifirst Corp. 2,303 104,303
United Stationers, Inc. 1,348 36,733
Versar, Inc. (I) 2,242 6,278
Viad Corp. 3,488 59,226
Virco Manufacturing Corp. (I) 1,200 1,860
Waste Connections, Inc. 23,086 780,769
WCA Waste Corp. (I) 1,208 5,122
 
    3,329,790
Construction & Engineering - 0.87%    
Aecom Technology Corp. (I) 2,641 46,666
Comfort Systems USA, Inc. 2,691 22,389
Dycom Industries, Inc. (I) 9,107 139,337
EMCOR Group, Inc. 783 15,918
Furmanite Corp. (I) 59 319
Granite Construction, Inc. 3,682 69,111
Great Lakes Dredge & Dock Corp. 10,990 44,729
Insituform Technologies, Inc., Class A (I) 1,700 19,686
Integrated Electrical Services, Inc. (I) 620 1,283
Layne Christensen Company (I) 3,312 76,507
MasTec, Inc. (I) 3,600 63,396
MYR Group, Inc. (I) 1,700 29,988
Northwest Pipe Company (I) 1,600 32,464
Pike Electric Corp. (I) 4,737 32,069
Quanta Services, Inc. (I) 13,568 254,943
Sterling Construction Company, Inc. (I) 2,374 26,518
Tutor Perini Corp. 8,135 93,471
URS Corp. (I) 7,746 229,746
 
    1,198,540
Electrical Equipment - 1.25%    
A123 Systems, Inc. (I)(L) 2,300 7,912
Allied Motion Technologies, Inc. 400 1,984
Belden, Inc. 24,715 637,400
Brady Corp., Class A 6,100 161,223
Encore Wire Corp. 3,894 80,139
EnerSys (I) 2,536 50,771
General Cable Corp. (I) 2,238 52,257
Global Power Equipment Group, Inc. (I) 407 9,471
GrafTech International, Ltd. (I) 46,337 588,480
Hoku Corp. (I)(L) 1,633 2,613
LSI Industries, Inc. 4,131 25,736
Ocean Power Technologies, Inc. (I) 2,429 6,655
Orion Energy Systems, Inc. (I) 3,553 9,415
Powell Industries, Inc. (I) 1,006 31,156
PowerSecure International, Inc. (I) 3,120 14,758
SL Industries, Inc. (I) 1,600 26,960
Ultralife Corp. (I) 1,984 9,900
 
    1,716,830
Industrial Conglomerates - 0.05%    
Standex International Corp. 2,329 72,502
Machinery - 3.55%    
Actuant Corp., Class A 2,201 43,470
Alamo Group, Inc. 2,127 44,220

 

325

 


John Hancock Variable Insurance Trust (Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Albany International Corp., Class A 4,234 $ 77,271
American Railcar Industries, Inc. (I) 4,697 72,240
Ampco-Pittsburgh Corp. 1,474 30,143
Astec Industries, Inc. (I) 1,000 29,280
Barnes Group, Inc. 2,420 46,585
Briggs & Stratton Corp. (L) 7,127 96,286
Cascade Corp. 1,476 49,284
Chart Industries, Inc. (I) 4,414 186,138
CIRCOR International, Inc. 909 26,697
Columbus McKinnon Corp./NY (I) 3,511 38,481
Dynamic Materials Corp. 362 5,702
Energy Recovery, Inc. (I) 706 2,125
EnPro Industries, Inc. (I) 1,000 29,680
ESCO Technologies, Inc. 2,074 52,887
Federal Signal Corp. (I) 11,813 52,213
Flow International Corp. (I) 6,450 14,255
FreightCar America, Inc. (I) 1,700 24,497
Gardner Denver, Inc. 10,107 642,300
Gencor Industries, Inc. (I) 1,400 10,248
Greenbrier Companies, Inc. (I) 4,803 55,955
Hardinge, Inc. 3,000 24,720
Hurco Companies, Inc. (I) 1,492 30,288
IDEX Corp. 19,335 602,479
Kaydon Corp. 1,300 37,284
Key Technology, Inc. (I) 641 7,442
LB Foster Co. 450 10,004
Lydall, Inc. (I) 2,409 21,440
Met-Pro Corp. 2,056 17,640
MFRI, Inc. (I) 1,100 7,920
Miller Industries, Inc. 2,447 42,455
Mueller Industries, Inc. 1,648 63,596
Mueller Water Products, Inc. 19,856 49,243
NACCO Industries, Inc., Class A 1,100 69,740
NN, Inc. (I) 280 1,414
Robbins & Myers, Inc. 1,034 35,890
Terex Corp. (I) 1,402 14,385
Titan International, Inc. (L) 40,863 612,945
Trinity Industries, Inc. 38,172 817,263
Valmont Industries, Inc. 8,752 682,131
Watts Water Technologies, Inc., Class A (L) 3,767 100,391
 
    4,878,627
Marine - 0.26%    
Alexander & Baldwin, Inc. 6,896 251,911
Eagle Bulk Shipping, Inc. (I)(L) 13,405 21,046
Excel Maritime Carriers, Ltd. (I)(L) 15,211 31,639
Genco Shipping & Trading, Ltd. (I)(L) 5,300 41,393
International Shipholding Corp. 848 15,680
 
    361,669
Professional Services - 0.45%    
Barrett Business Services, Inc. 2,178 30,361
CBIZ, Inc. (I)(L) 9,052 59,653
CDI Corp. 3,270 34,924
CRA International, Inc. (I) 2,371 47,444
Franklin Covey Company (I) 3,500 26,600
FTI Consulting, Inc. (I) 97 3,571
GP Strategies Corp. (I) 3,946 39,421
Heidrick & Struggles International, Inc. 1,508 24,807
Hill International, Inc. (I) 1,103 5,162
Hudson Highland Group, Inc. (I) 4,800 16,416
Huron Consulting Group, Inc. (I) 556 17,308
ICF International, Inc. (I) 1,453 27,331
Kelly Services, Inc., Class A 5,507 62,780
Korn/Ferry International (I) 1,251 15,250

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Professional Services (continued)    
National Technical Systems, Inc. (I) 1,146 $ 5,512
Navigant Consulting Company (I) 6,471 59,986
On Assignment, Inc. (I) 9,160 64,761
RCM Technologies, Inc. (I) 300 1,347
School Specialty, Inc. (I) 2,286 16,299
The Dolan Company (I) 5,314 47,773
Volt Information Sciences, Inc. (I) 2,445 16,382
 
    623,088
Road & Rail - 1.76%    
AMERCO, Inc. (I) 3,172 198,091
Arkansas Best Corp. 2,152 34,755
Avis Budget Group, Inc. (I)(L) 17,100 165,357
Celadon Group, Inc. 2,764 24,544
Covenant Transport, Inc. (I) 1,373 5,011
Dollar Thrifty Automotive Group, Inc. (I) 4,000 225,200
Frozen Food Express Industries (I) 800 1,592
Landstar System, Inc. 13,787 545,414
Marten Transport, Ltd. 3,706 63,891
Old Dominion Freight Line, Inc. (I) 26,747 774,861
P.A.M. Transportation Services, Inc. (I) 2,046 20,378
RailAmerica, Inc. (I) 3,106 40,471
Roadrunner Transportation Systems, Inc. (I) 218 2,991
Ryder Systems, Inc. 6,900 258,819
Saia, Inc. (I) 2,642 27,794
Universal Truckload Services, Inc. 174 2,262
USA Truck, Inc. (I) 2,076 16,110
Werner Enterprises, Inc. (L) 995 20,726
 
    2,428,267
Trading Companies & Distributors - 1.32%    
Aceto Corp. 5,823 30,804
Aircastle, Ltd. 13,051 124,246
Applied Industrial Technologies, Inc. 4,193 113,882
Beacon Roofing Supply, Inc. (I)(L) 41,805 668,462
CAI International, Inc. (I) 2,900 33,988
GATX Corp. 7,598 235,462
H&E Equipment Services, Inc. (I) 9,156 75,537
Interline Brands, Inc. (I) 5,656 72,793
Kaman Corp., Class A 600 16,710
KSW, Inc. 700 2,226
Lawson Products, Inc. 1,291 17,454
Rush Enterprises, Inc., Class B (I) 21,749 253,811
TAL International Group, Inc. 4,450 110,983
Textainer Group Holdings, Ltd. 500 10,140
Titan Machinery, Inc. (I) 2,816 50,406
Willis Lease Finance Corp. (I) 406 4,608
 
    1,821,512
    20,437,787
Information Technology - 15.40%    
Communications Equipment - 1.66%    
ADTRAN, Inc. 25,243 667,930
Anaren, Inc. (I) 1,281 24,531
Arris Group, Inc. (I) 16,593 170,908
Aviat Networks, Inc. (I) 10,732 25,220
Aware, Inc. (I) 4,448 12,543
Bel Fuse, Inc., Class B 1,641 25,583
Black Box Corp. 2,519 53,781
Calix, Inc. (I) 526 4,103
Cogo Group, Inc. (I)(L) 2,981 6,350
Communications Systems, Inc. 1,800 23,400
Comtech Telecommunications Corp. 3,021 84,860
DG FastChannel, Inc. (I)(L) 1,400 23,730
Digi International, Inc. (I) 4,813 52,943

 

326

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Communications Equipment (continued)    
EchoStar Corp., Class A (I) 4,285 $ 96,884
Emulex Corp. (I) 3,023 19,347
Extreme Networks, Inc. (I) 6,804 18,031
Globecomm Systems, Inc. (I) 5,296 71,549
Harmonic, Inc. (I) 6,700 28,542
JDS Uniphase Corp. (I) 41,109 409,857
KVH Industries, Inc. (I) 2,778 21,974
Loral Space & Communications, Inc. (I) 444 22,244
Network Engines, Inc. (I) 7,300 8,468
Network Equipment Technologies, Inc. (I) 364 706
Oplink Communications, Inc. (I) 1,719 26,026
OpNext, Inc. (I) 12,000 15,000
Optical Cable Corp. 931 2,989
ORBCOMM, Inc. (I) 9,140 23,307
Performance Technologies, Inc. (I) 2,000 3,940
Relm Wireless Corp. (I) 2,100 2,058
Sycamore Networks, Inc. 5,162 93,174
Symmetricom, Inc. (I) 4,554 19,764
Tekelec, Inc. (I) 2,053 12,400
Tellabs, Inc. 23,958 102,780
Telular Corp. 2,776 16,378
UTStarcom Holdings Corp. (I)(L) 28,707 29,281
Viasat, Inc. (I) 1,345 44,802
Westell Technologies, Inc., Class A (I) 8,500 18,360
 
    2,283,743
Computers & Peripherals - 0.26%    
Avid Technology, Inc. (I) 8,133 62,949
Concurrent Computer Corp. (I) 1,651 9,213
Cray, Inc. (I) 1,161 6,165
Datalink Corp. (I) 2,700 18,360
Dot Hill Systems Corp. (I) 2,210 3,337
Electronics for Imaging, Inc. (I) 9,181 123,668
Hutchinson Technology, Inc. (I) 5,052 9,902
Imation Corp. (I) 6,647 48,590
Intermec, Inc. (I) 1,914 12,479
Intevac, Inc. (I) 3,801 26,569
KEY Tronic Corp. (I) 1,900 6,517
Novatel Wireless, Inc. (I) 6,508 19,654
Presstek, Inc. (I) 4,185 2,821
Rimage Corp. 958 12,119
 
    362,343
Electronic Equipment, Instruments & Components - 3.71%  
ADDvantage Technologies Group, Inc. (I) 428 967
Agilysys, Inc. (I) 862 6,146
Arrow Electronics, Inc. (I) 41,065 1,140,786
Avnet, Inc. (I) 12,955 337,866
AVX Corp. 14,100 167,367
Benchmark Electronics, Inc. (I) 8,843 115,047
Checkpoint Systems, Inc. (I) 5,678 77,107
Chyron International Corp. (I) 200 404
Coherent, Inc. (I) 1,177 50,564
CTS Corp. 2,914 23,691
DDi Corp. 710 5,140
Electro Rent Corp. 4,173 57,629
Electro Scientific Industries, Inc. (I) 49,438 587,818
FEI Company (I) 1,300 38,948
GSI Group, Inc. (I) 976 7,496
ID Systems, Inc. (I) 2,235 11,399
Ingram Micro, Inc., Class A (I) 21,136 340,924
Insight Enterprises, Inc. (I) 6,149 93,096
IntriCon Corp. (I) 100 307
KEMET Corp. (I) 2,976 21,278
Measurement Specialties, Inc. (I) 3,388 87,952

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
Mercury Computer Systems, Inc. (I) 860 $ 9,890
Methode Electronics, Inc. 7,095 52,716
Multi-Fineline Electronix, Inc. (I) 786 15,673
Newport Corp. (I) 2,812 30,398
OSI Systems, Inc. (I) 19,721 661,048
PAR Technology Corp. (I) 3,132 10,492
Park Electrochemical Corp. 1,464 31,286
PC Connection, Inc. (I) 4,352 34,729
PC Mall, Inc. (I) 3,055 16,100
Perceptron, Inc. (I) 1,608 8,731
Planar Systems, Inc. (I) 5,100 10,200
Plexus Corp. (I) 1,321 29,881
RadiSys Corp. (I) 5,279 32,307
Richardson Electronics, Ltd. 2,584 35,168
Rofin-Sinar Technologies, Inc. (I) 202 3,878
Rogers Corp. (I) 2,200 86,086
Sanmina-SCI Corp. (I) 2,600 17,368
Scansource, Inc. (I) 1,172 34,644
SYNNEX Corp. (I) 5,668 148,502
Tech Data Corp. (I) 6,414 277,277
Tessco Technologies, Inc. 1,750 23,258
TTM Technologies, Inc. (I) 9,698 92,228
Viasystems Group, Inc. (I) 720 12,665
Vicon Industries, Inc. (I) 126 404
Vishay Intertechnology, Inc. (I) 22,682 189,622
Vishay Precision Group, Inc. (I) 1,653 21,787
X-Rite, Inc. (I)(L) 3,846 14,346
Zygo Corp. (I) 2,603 30,091
 
    5,102,707
Internet Software & Services - 1.98%    
AOL, Inc. (I)(L) 5,618 67,416
DealerTrack Holdings, Inc. (I) 1,817 28,472
Digital River, Inc. (I) 504 10,448
Earthlink, Inc. 14,962 97,702
IAC/InterActiveCorp (I) 12,398 490,341
InfoSpace, Inc. (I) 6,814 56,965
Internap Network Services Corp. (I) 11,043 54,332
Keynote Systems, Inc. 1,100 23,243
KIT Digital, Inc. (I) 3,100 26,040
Looksmart, Ltd. (I) 700 924
Marchex, Inc., Class B 2,445 20,783
Market Leader, Inc. (I) 700 1,568
ModusLink Global Solutions, Inc. 7,816 27,278
Open Text Corp. (I)(L) 14,201 740,156
Perficient, Inc. (I) 1,837 13,447
RealNetworks, Inc. 5,862 49,417
Soundbite Communications, Inc. (I) 3,800 9,348
TechTarget, Inc. (I) 2,453 14,007
TheStreet.com, Inc. 8,757 17,339
United Online, Inc. 10,879 56,897
ValueClick, Inc. (I) 57,017 887,185
Web.com Group, Inc. (I) 229 1,598
XO Group, Inc. (I) 3,278 26,781
 
    2,721,687
IT Services - 1.66%    
Acxiom Corp. (I) 3,452 36,729
CACI International, Inc., Class A (I) 4,374 218,438
Ciber, Inc. (I) 17,241 52,240
Convergys Corp. (I) 16,749 157,106
CoreLogic, Inc. (I) 11,608 123,857
Dynamics Research Corp. (I) 1,898 16,930
Euronet Worldwide, Inc. (I) 1,100 17,314

 

327

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
IT Services (continued)    
Global Cash Access Holdings, Inc. (I) 1,997 $ 5,112
INX, Inc. (I) 689 4,782
Jack Henry & Associates, Inc. 26,402 765,130
ManTech International Corp., Class A 3,617 113,501
MAXIMUS, Inc. 19,236 671,336
NCI, Inc. (I) 156 1,861
Online Resources Corp. (I) 6,260 15,963
StarTek, Inc. (I) 3,143 8,958
The Hackett Group, Inc. (I) 7,525 28,068
Tier Technologies, Inc., Class B (I) 809 2,985
Virtusa Corp. (I) 2,773 36,604
WPCS International, Inc. (I) 1,200 2,460
 
    2,279,374
Semiconductors & Semiconductor Equipment - 4.08%  
Advanced Analogic Technologies, Inc. (I) 9,064 39,247
Aetrium (I) 650 904
Alpha & Omega Semiconductor, Ltd. (I) 212 1,741
Anadigics, Inc. (I) 11,169 24,125
Applied Micro Circuits Corp. (I) 1,116 5,993
ATMI, Inc. (I) 4,545 71,902
Axcelis Technologies, Inc. (I) 5,100 6,120
AXT, Inc. (I) 4,229 21,314
Brooks Automation, Inc. 5,718 46,602
BTU International, Inc. (I) 1,318 5,852
Cabot Microelectronics Corp. (I) 1,000 34,390
Cascade Microtech, Inc. (I) 1,892 6,868
Cohu, Inc. 4,192 41,417
CSR PLC, ADR (I) 1,445 19,276
Cymer, Inc. (I) 17,179 638,715
Diodes, Inc. (I) 28,872 517,386
DSP Group, Inc. (I) 4,702 27,742
Entegris, Inc. (I) 1,000 6,380
Exar Corp. (I) 8,586 49,026
FormFactor, Inc. (I) 7,875 49,061
FSI International, Inc. (I) 7,000 13,230
Gigoptix, Inc. (I) 1,582 2,610
GSI Technology, Inc. (I) 5,524 27,178
Ikanos Communications, Inc. (I) 4,125 3,548
Integrated Device Technology, Inc. (I) 7,623 39,258
Integrated Silicon Solution, Inc. (I) 4,000 31,240
International Rectifier Corp. (I) 3,315 61,725
Intersil Corp., Class A 2,747 28,267
IXYS Corp. (I) 2,306 25,089
Kopin Corp. (I) 4,212 14,447
Kulicke & Soffa Industries, Inc. (I) 2,900 21,634
Lattice Semiconductor Corp. (I) 155,529 816,527
LTX-Credence Corp. (I) 3,300 17,457
Mattson Technology, Inc. (I)(L) 7,741 9,057
MEMSIC, Inc. (I) 3,797 9,379
Microsemi Corp. (I) 2,800 44,744
MKS Instruments, Inc. 4,529 98,325
Monolithic Power Systems, Inc. (I) 2,500 25,450
MoSys, Inc. (I)(L) 1,701 6,226
Netlogic Microsystems, Inc. (I) 16,959 815,897
Novellus Systems, Inc. (I) 25,403 692,486
Pericom Semiconductor Corp. (I) 4,434 32,856
Photronics, Inc. (I)(L) 13,726 68,355
PLX Technology, Inc. (I) 1,647 4,957
PMC-Sierra, Inc. (I) 7,700 46,046
Rudolph Technologies, Inc. (I) 4,469 29,898
Semtech Corp. (I) 35,625 751,688
Sigma Designs, Inc. (I)(L) 5,587 43,802
Spansion, Inc., Class A (I) 1,159 14,163
Standard Microsystems Corp. (I) 3,611 70,053

 

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
SunPower Corp., Class A (I) 368 $ 2,977
SunPower Corp., Class B (I) 1,152 8,467
Supertex, Inc. (I) 674 11,660
Tessera Technologies, Inc. (I) 5,784 69,061
Trident Microsystems, Inc. (I) 10,300 5,356
Veeco Instruments, Inc. (I) 1,470 35,868
 
    5,613,042
Software - 2.05%    
Accelrys, Inc. (I) 3,700 22,422
American Software, Inc., Class A 208 1,508
Ariba, Inc. (I) 26,646 738,361
AsiaInfo Holdings, Inc. (I) 400 2,952
EPIQ Systems, Inc. 4,986 62,475
ePlus, Inc. (I) 1,364 33,650
JDA Software Group, Inc. (I) 1,400 32,816
Mentor Graphics Corp. (I) 5,579 53,670
Parametric Technology Corp. (I) 32,827 504,879
Pervasive Software, Inc. (I) 1,000 6,000
Quest Software, Inc. (I) 31,815 505,222
Rosetta Stone, Inc. (I) 348 3,184
S1 Corp. (I) 1,335 12,242
Seachange International, Inc. (I) 5,428 41,796
Smith Micro Software, Inc. (I) 1,724 2,620
SS&C Technologies Holdings, Inc. (I) 321 4,587
Take-Two Interactive Software, Inc. (I) 1,749 22,247
TeleCommunication Systems, Inc. (I) 7,641 26,361
THQ, Inc. (I)(L) 12,023 20,800
TIBCO Software, Inc. (I) 32,536 728,481
 
    2,826,273
    21,189,169
Materials - 6.94%    
Chemicals - 2.65%    
A. Schulman, Inc. 3,119 52,992
American Pacific Corp. (I) 1,621 11,882
American Vanguard Corp. 1,799 20,077
Arabian American Development Company (I) 2,516 8,479
Arch Chemicals, Inc. (L) 703 32,985
Ashland, Inc. 7,730 341,202
Cabot Corp. 1,469 36,402
Chase Corp. 1,174 12,621
Chemtura Corp. (I) 1,362 13,661
Core Molding Technologies, Inc. (I) 1,000 7,730
Cytec Industries, Inc. 5,478 192,497
Ferro Corp. (I) 4,772 29,348
FMC Corp. 9,096 629,079
Georgia Gulf Corp. (I) 2,284 31,588
H.B. Fuller Company 1,700 30,974
Huntsman Corp. 13,700 132,479
Innophos Holdings, Inc. 17,999 717,620
KMG Chemicals, Inc. 1,402 17,273
Landec Corp. (I) 3,769 20,051
Minerals Technologies, Inc. 1,684 82,971
NL Industries, Inc. 42 526
Olin Corp. 3,242 58,388
OM Group, Inc. (I) 4,455 115,696
Penford Corp. (I) 2,624 13,487
PolyOne Corp. 60,712 650,226
Quaker Chemical Corp. 1,086 28,149
Sensient Technologies Corp. 2,292 74,605
Spartech Corp. (I) 5,607 17,942
Stepan Company 200 13,436
Westlake Chemical Corp. 5,856 200,744

 

328

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Opportunities Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chemicals (continued)    
Zoltek Companies, Inc. (I)(L) 6,760 $ 43,467
    3,638,577
Construction Materials - 0.17%    
Eagle Materials, Inc. 900 14,985
Headwaters, Inc. (I) 11,408 16,428
Texas Industries, Inc. (I)(L) 2,257 71,637
Vulcan Materials Company (L) 4,941 136,174
 
    239,224
Containers & Packaging - 0.82%    
AptarGroup, Inc. 13,776 615,374
Boise, Inc. 14,725 76,128
Graphic Packaging Holding Company (I) 25,560 88,182
Myers Industries, Inc. 6,330 64,250
Rock-Tenn Company, Class A 449 21,857
Temple-Inland, Inc. 8,328 261,249
 
    1,127,040
Metals & Mining - 1.82%    
A. M. Castle & Company (I) 4,342 47,501
Allied Nevada Gold Corp. (I) 6,400 229,184
Century Aluminum Company (I) 12,885 115,192
Coeur d’Alene Mines Corp. (I) 8,300 177,952
Commercial Metals Company 5,811 55,263
Compass Minerals International, Inc. 8,485 566,628
Detour Gold Corp. (I) 7,625 198,647
Friedman Industries, Inc. 1,701 14,867
Haynes International, Inc. 2,023 87,899
Horsehead Holding Corp. (I) 7,506 55,695
Kaiser Aluminum Corp. 2,852 126,287
Materion Corp. (I) 2,410 54,659
Metals USA Holdings Corp. (I) 255 2,282
Olympic Steel, Inc. 2,383 40,368
Reliance Steel & Aluminum Company 10,500 357,105
RTI International Metals, Inc. (I) 4,900 114,268
Schnitzer Steel Industries, Inc. 500 18,400
Steel Dynamics, Inc. 12,027 119,308
Synalloy Corp. 1,121 12,331
Universal Stainless & Alloy Products, Inc. (I) 1,562 39,706
Worthington Industries, Inc. 5,308 74,153
 
    2,507,695
Paper & Forest Products - 1.48%    
Buckeye Technologies, Inc. 7,600 183,236
Clearwater Paper Corp. (I) 600 20,388
Domtar Corp. 4,550 310,174
KapStone Paper and Packaging Corp. (I) 5,210 72,367
Louisiana-Pacific Corp. (I) 19,268 98,267
MeadWestvaco Corp. 16,624 408,285
Mercer International, Inc. (I) 10,058 68,394
Neenah Paper, Inc. 2,549 36,145
P.H. Glatfelter Company 7,710 101,849
Schweitzer-Mauduit International, Inc. 13,016 727,204
Wausau Paper Corp. 2,081 13,298
 
    2,039,607
 
    9,552,143
Telecommunication Services - 0.75%    
Diversified Telecommunication Services - 0.42%    
Alaska Communications    
Systems Group, Inc. (L) 57,365 376,314
General Communication, Inc., Class A (I) 6,157 50,487
HickoryTech Corp. 2,058 19,798
Iridium Communications, Inc. (I) 9,684 60,041
Neutral Tandem, Inc. (I) 1,436 13,900

 

Small Cap Opportunities Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Diversified Telecommunication Services (continued)    
Premiere Global Services, Inc. (I)(L)   3,800 $ 24,396
Primus Telecommunications Group, Inc. (I) 43 457
SureWest Communications   2,913 30,499
 
      575,892
Wireless Telecommunication Services - 0.33%    
FiberTower Corp. (I)(L)   5,109 4,843
Leap Wireless International, Inc. (I)(L)   8,053 55,566
Shenandoah Telecommunications Company   58 646
Telephone & Data Systems, Inc. (L)   5,100 108,375
Telephone & Data Systems, Inc. -      
Special Shares   5,765 113,974
United States Cellular Corp. (I)   3,700 146,705
USA Mobility, Inc.   1,500 19,800
 
      449,909
 
      1,025,801
Utilities - 0.82%      
Gas Utilities - 0.49%      
UGI Corp.   25,930 681,181
Independent Power Producers & Energy Traders - 0.26%    
Dynegy, Inc. (I)(L)   11,329 46,675
GenOn Energy, Inc. (I)   100,296 278,823
Ormat Technologies, Inc.   1,734 27,883
 
      353,381
Water Utilities - 0.07%      
Consolidated Water Company, Ltd.   673 5,303
Pennichuck Corp.   842 23,559
SJW Corp.   2,833 61,674
 
      90,536
      1,125,098
TOTAL COMMON STOCKS (Cost $132,518,711) $ 135,717,531
 
SECURITIES LENDING COLLATERAL - 10.34%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   1,422,740 14,234,794
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $14,235,456)   $ 14,234,794
 
SHORT-TERM INVESTMENTS - 1.86%    
Money Market Funds - 1.86%      
State Street Institutional Liquid Reserves      
Fund, 0.0927% (Y) $ 2,565,044 $ 2,565,044
TOTAL SHORT-TERM INVESTMENTS (Cost $2,565,044) $ 2,565,044
Total Investments (Small Cap Opportunities Trust)    
(Cost $149,319,211) - 110.82%   $ 152,517,369
Other assets and liabilities, net - (10.82%)   (14,893,693)
TOTAL NET ASSETS - 100.00%   $ 137,623,676
 
 
 
Small Cap Value Trust      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 96.22%      
Consumer Discretionary - 16.73%      
Diversified Consumer Services - 1.34%      
Matthews International Corp., Class A (L)   221,400 $ 6,810,264

 

329

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure - 3.63%    
Bally Technologies, Inc. (I)(L) 123,900 $ 3,342,822
CEC Entertainment, Inc. 188,150 5,356,631
Choice Hotels International, Inc. (L) 174,300 5,180,196
Sonic Corp. (I)(L) 638,600 4,514,902
 
    18,394,551
Household Durables - 1.17%    
Helen of Troy, Ltd. (I)(L) 236,400 5,938,368
Leisure Equipment & Products - 0.85%    
Mattel, Inc. 165,900 4,295,151
Media - 2.23%    
Arbitron, Inc. (L) 340,769 11,272,639
Multiline Retail - 1.12%    
Fred’s, Inc., Class A (L) 530,700 5,657,262
Specialty Retail - 5.63%    
Ascena Retail Group, Inc. (I) 273,900 7,414,473
Stage Stores, Inc. (L) 741,249 10,281,124
The Cato Corp., Class A (L) 477,446 10,771,182
 
    28,466,779
Textiles, Apparel & Luxury Goods - 0.76%    
Skechers U.S.A., Inc., Class A (I)(L) 273,200 3,832,996
 
    84,668,010
Consumer Staples - 2.05%    
Food & Staples Retailing - 1.58%    
Casey’s General Stores, Inc. 183,500 8,009,775
Food Products - 0.47%    
Ralcorp Holdings, Inc. (I) 31,000 2,378,010
 
    10,387,785
Energy - 4.33%    
Energy Equipment & Services - 2.29%    
Bristow Group, Inc. (L) 127,300 5,401,339
SEACOR Holdings, Inc. (L) 77,244 6,195,741
 
    11,597,080
Oil, Gas & Consumable Fuels - 2.04%    
Georesources, Inc. (I) 250,700 4,459,953
Penn Virginia Corp. (L) 369,000 2,055,330
Plains Exploration & Production Company (I) 42,700 969,717
Scorpio Tankers, Inc. (I) 336,600 1,777,248
Whiting Petroleum Corp. (I) 29,200 1,024,336
 
    10,286,584
    21,883,664
Financials - 22.58%    
Capital Markets - 1.67%    
Ares Capital Corp. 613,666 8,450,181
Commercial Banks - 6.74%    
First Busey Corp. (L) 638,777 2,778,680
First Midwest Bancorp, Inc. (L) 700,931 5,130,815
Hancock Holding Company (L) 171,900 4,603,482
International Bancshares Corp. (L) 536,210 7,051,162
MB Financial, Inc. (L) 293,148 4,315,139
Webster Financial Corp. (L) 485,300 7,425,090
Westamerica Bancorp. (L) 72,600 2,782,032
 
    34,086,400
Insurance - 7.69%    
Alleghany Corp. (I) 15,082 4,351,157
AMERISAFE, Inc. (I)(L) 185,000 3,405,850
Assured Guaranty, Ltd. (L) 316,307 3,476,214
Delphi Financial Group, Inc., Class A (L) 432,150 9,299,868

 

Small Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Platinum Underwriters Holdings, Ltd. (L) 212,809 $ 6,543,877
Primerica, Inc. 338,900 7,306,684
Reinsurance Group of America, Inc. 58,800 2,701,860
White Mountains Insurance Group, Ltd. 4,450 1,805,588
 
    38,891,098
Real Estate Investment Trusts - 3.36%    
American Campus Communities, Inc. 73,700 2,742,377
Campus Crest Communities, Inc. 311,700 3,391,296
DiamondRock Hospitality Company (L) 611,788 4,276,398
Education Realty Trust, Inc. 413,569 3,552,558
Mack-Cali Realty Corp. 113,000 3,022,750
 
    16,985,379
Thrifts & Mortgage Finance - 3.12%    
First Niagara Financial Group, Inc. 418,812 3,832,130
Flushing Financial Corp. (L) 234,500 2,532,600
Northwest Bancshares, Inc. (L) 792,500 9,438,675
 
    15,803,405
 
    114,216,463
Health Care - 7.61%    
Health Care Equipment & Supplies - 1.68%    
Haemonetics Corp. (I)(L) 62,700 3,666,696
ICU Medical, Inc. (I)(L) 131,340 4,833,312
 
    8,500,008
Health Care Providers & Services - 2.34%    
Amsurg Corp. (I)(L) 360,230 8,105,175
Corvel Corp. (I) 87,865 3,734,263
 
    11,839,438
Life Sciences Tools & Services - 3.59%    
Charles River    
Laboratories International, Inc. (I) 290,300 8,308,386
ICON PLC, ADR (I)(L) 612,300 9,845,784
 
    18,154,170
 
    38,493,616
Industrials - 22.12%    
Commercial Services & Supplies - 5.00%    
ACCO Brands Corp. (I)(L) 812,000 3,873,240
G&K Services, Inc., Class A 206,300 5,268,902
Standard Parking Corp. (I) 196,238 3,069,162
Unifirst Corp. 41,000 1,856,890
United Stationers, Inc. (L) 411,688 11,218,498
 
    25,286,692
Construction & Engineering - 0.25%    
Sterling Construction Company, Inc. (I) 111,767 1,248,437
Electrical Equipment - 2.96%    
Acuity Brands, Inc. (L) 87,100 3,139,084
Belden, Inc. 459,549 11,851,769
 
    14,990,853
Industrial Conglomerates - 2.69%    
Carlisle Companies, Inc. (L) 426,636 13,601,156
Machinery - 5.46%    
Albany International Corp., Class A 425,734 7,769,646
ESCO Technologies, Inc. 265,402 6,767,751
Flowserve Corp. 23,000 1,702,000
Mueller Industries, Inc. (L) 295,610 11,407,590
 
    27,646,987
Marine - 2.07%    
Kirby Corp. (I)(L) 198,500 10,449,040

 

330

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Cap Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Professional Services - 0.32%    
Towers Watson & Company, Class A 27,100 $ 1,620,038
Road & Rail - 1.75%    
Genesee & Wyoming, Inc., Class A (I) 190,225 8,849,267
Trading Companies & Distributors - 1.62%    
GATX Corp. (L) 265,300 8,221,647
 
    111,914,117
Information Technology - 9.49%    
Computers & Peripherals - 1.61%    
Diebold, Inc. (L) 261,600 7,196,616
Electronics for Imaging, Inc. (I) 69,922 941,849
 
    8,138,465
Electronic Equipment, Instruments & Components - 2.15%  
Coherent, Inc. (I)(L) 104,700 4,497,912
MTS Systems Corp. 181,368 5,557,116
NAM TAI Electronics, Inc. 167,233 821,114
 
    10,876,142
IT Services - 2.75%    
Fiserv, Inc. (I) 71,200 3,614,824
MAXIMUS, Inc. 295,800 10,323,420
 
    13,938,244
Office Electronics - 1.13%    
Zebra Technologies Corp., Class A (I) 185,500 5,739,370
Semiconductors & Semiconductor Equipment - 0.66%  
Maxim Integrated Products, Inc. 142,400 3,322,192
Software - 1.19%    
Websense, Inc. (I)(L) 347,200 6,006,560
 
    48,020,973
Materials - 5.02%    
Chemicals - 1.92%    
Koppers Holdings, Inc. 148,588 3,805,339
Zep, Inc. (L) 394,050 5,918,631
 
    9,723,970
Containers & Packaging - 1.54%    
AptarGroup, Inc. 154,638 6,907,679
Greif, Inc., Class A 20,900 896,401
 
    7,804,080
Paper & Forest Products - 1.56%    
Deltic Timber Corp. (L) 131,946 7,874,537
 
    25,402,587
Utilities - 6.29%    
Electric Utilities - 2.79%    
Unisource Energy Corp. (L) 220,000 7,939,800
Westar Energy, Inc. (L) 234,300 6,190,206
 
    14,130,006
Gas Utilities - 3.50%    
Atmos Energy Corp. (L) 185,100 6,006,495
New Jersey Resources Corp. (L) 108,474 4,617,738
UGI Corp. 77,400 2,033,294
WGL Holdings, Inc. 129,100 5,043,937
 
    17,701,464
    31,831,470
TOTAL COMMON STOCKS (Cost $457,372,813) $ 486,818,685

 

Small Cap Value Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
SECURITIES LENDING COLLATERAL - 23.47%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   11,868,790 $ 118,749,616
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $118,761,954)   $ 118,749,616
 
SHORT-TERM INVESTMENTS - 3.91%    
Repurchase Agreement - 3.91%      
Bank of America Tri-Party Repurchase      
Agreement dated 09/30/2011 at 0.080% to    
be repurchased at $19,800,132 on      
10/03/2011, collateralized by $20,142,709    
Federal National Mortgage Association,      
3.4400% due 01/01/2040 (valued at      
$20,196,000, including interest) $ 19,800,000 $ 19,800,000
TOTAL SHORT-TERM INVESTMENTS (Cost $19,800,000) $ 19,800,000
Total Investments (Small Cap Value Trust)    
(Cost $595,934,767) - 123.60%   $ 625,368,301
Other assets and liabilities, net - (23.60%)   (119,406,758)
 
TOTAL NET ASSETS - 100.00%   $ 505,961,543
 
 
 
Small Company Growth Trust    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 96.66%      
Consumer Discretionary - 17.04%      
Auto Components - 1.12%      
Tenneco, Inc. (I)   20,008 $ 512,405
TRW Automotive Holdings Corp. (I)   16,240 531,535
 
      1,043,940
Distributors - 0.73%      
Pool Corp. (L)   25,899 678,036
Diversified Consumer Services - 0.76%      
Weight Watchers International, Inc.   12,208 711,116
Hotels, Restaurants & Leisure - 4.62%      
Buffalo Wild Wings, Inc. (I)(L)   13,620 814,476
Choice Hotels International, Inc. (L)   17,951 533,504
Darden Restaurants, Inc.   15,109 645,910
Jack in the Box, Inc. (I)   31,484 627,161
Life Time Fitness, Inc. (I)   21,515 792,828
Penn National Gaming, Inc. (I)(L)   26,727 889,742
 
      4,303,621
Media - 0.88%      
DreamWorks Animation SKG, Inc. (I)(L)   16,770 304,879
National CineMedia, Inc.   35,591 516,425
 
      821,304
Specialty Retail - 6.39%      
Dick’s Sporting Goods, Inc. (I)   22,316 746,693
DSW, Inc., Class A   16,655 769,128
Foot Locker, Inc.   41,568 835,101
Group 1 Automotive, Inc.   18,046 641,535
Monro Muffler Brake, Inc.   21,187 698,535
Tractor Supply Company   12,603 788,318
Urban Outfitters, Inc. (I)   30,323 676,809
Vitamin Shoppe, Inc. (I)   21,253 795,712
 
      5,951,831

 

331

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Company Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods - 2.54%    
Maidenform Brands, Inc. (I)(L) 31,462 $ 736,525
Steven Madden, Ltd. (I) 26,571 799,787
Under Armour, Inc., Class A (I)(L) 12,410 824,148
 
    2,360,460
    15,870,308
Consumer Staples - 4.62%    
Food & Staples Retailing - 0.77%    
Ruddick Corp. 18,288 713,049
Food Products - 2.84%    
B&G Foods, Inc. 41,613 694,105
Diamond Foods, Inc. (L) 13,503 1,077,404
Lancaster Colony Corp. (L) 14,370 876,714
 
    2,648,223
Personal Products - 1.01%    
Nu Skin Enterprises, Inc., Class A 23,209 940,429
 
    4,301,701
Energy - 6.98%    
Energy Equipment & Services - 3.35%    
Dresser-Rand Group, Inc. (I) 17,856 723,704
Dril-Quip, Inc. (I) 10,729 578,400
FMC Technologies, Inc. (I)(L) 18,404 691,990
Lufkin Industries, Inc. 11,107 591,003
Patterson-UTI Energy, Inc. 31,065 538,667
 
    3,123,764
Oil, Gas & Consumable Fuels - 3.63%    
Bill Barrett Corp. (I) 17,579 637,063
Carrizo Oil & Gas, Inc. (I)(L) 22,776 490,823
Energen Corp. 15,105 617,643
HollyFrontier Corp. 33,672 882,880
James River Coal Company (I)(L) 30,985 197,374
SandRidge Energy, Inc. (I) 100,021 556,117
 
    3,381,900
    6,505,664
Financials - 5.41%    
Capital Markets - 1.46%    
Affiliated Managers Group, Inc. (I) 9,024 704,323
Greenhill & Company, Inc. (L) 9,329 266,716
Stifel Financial Corp. (I) 14,776 392,451
 
    1,363,490
Commercial Banks - 1.71%    
City National Corp. 11,926 450,326
Huntington Bancshares, Inc. 105,042 504,202
SVB Financial Group (I) 17,221 637,177
 
    1,591,705
Insurance - 1.45%    
Brown & Brown, Inc. 21,058 374,832
ProAssurance Corp. 13,535 974,791
 
    1,349,623
Real Estate Investment Trusts - 0.79%    
Colonial Properties Trust 40,375 733,210
 
    5,038,028
Health Care - 17.74%    
Biotechnology - 2.80%    
Acorda Therapeutics, Inc. (I) 20,538 409,938
BioMarin Pharmaceutical, Inc. (I) 30,760 980,321
Incyte Corp. (I)(L) 56,515 789,515

 

Small Company Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
United Therapeutics Corp. (I) 11,289 $ 423,225
 
    2,602,999
Health Care Equipment & Supplies - 4.19%    
Insulet Corp. (I)(L) 29,392 448,522
Masimo Corp. (L) 32,048 693,839
Meridian Bioscience, Inc. (L) 26,795 421,753
Sirona Dental Systems, Inc. (I) 18,136 769,148
STERIS Corp. 26,186 766,464
Zoll Medical Corp. (I) 21,359 806,089
 
    3,905,815
Health Care Providers & Services - 4.60%    
Centene Corp. (I) 24,470 701,555
Chemed Corp. 15,429 847,978
Health Management    
Associates, Inc., Class A (I) 73,417 508,046
HMS Holdings Corp. (I) 24,011 585,628
Mednax, Inc. (I) 11,024 690,543
PSS World Medical, Inc. (I)(L) 28,270 556,636
VCA Antech, Inc. (I)(L) 24,628 393,555
 
    4,283,941
Health Care Technology - 1.95%    
Allscripts Healthcare Solutions, Inc. (I) 44,518 802,214
Quality Systems, Inc. (L) 10,429 1,011,613
 
    1,813,827
Life Sciences Tools & Services - 2.45%    
Bruker Corp. (I) 42,292 572,211
Parexel International Corp. (I) 27,723 524,796
PerkinElmer, Inc. 28,352 544,642
Techne Corp. 9,390 638,614
 
    2,280,263
Pharmaceuticals - 1.75%    
Medicis Pharmaceutical Corp., Class A 26,774 976,716
Salix Pharmaceuticals, Ltd. (I) 22,125 654,900
 
    1,631,616
    16,518,461
Industrials - 13.31%    
Aerospace & Defense - 2.72%    
Hexcel Corp. (I) 38,008 842,257
TransDigm Group, Inc. (I) 20,670 1,688,119
 
    2,530,376
Air Freight & Logistics - 1.54%    
Forward Air Corp. 25,841 657,653
HUB Group, Inc., Class A (I) 27,512 777,764
 
    1,435,417
Commercial Services & Supplies - 1.83%    
Corrections Corp. of America (I) 40,521 919,421
Fuel Tech, Inc. (I)(L) 12,509 72,802
Tetra Tech, Inc. (I) 38,106 714,106
 
    1,706,329
Electrical Equipment - 1.11%    
General Cable Corp. (I) 19,225 448,904
Thomas & Betts Corp. (I) 14,764 589,231
 
    1,038,135
Machinery - 4.04%    
Crane Company 18,282 652,485
Kennametal, Inc. 19,687 644,552
Lincoln Electric Holdings, Inc. 22,878 663,691

 

332

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Company Growth Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Lindsay Corp. (L) 10,457 $ 562,587
Meritor, Inc. (I) 48,414 341,803
Wabtec Corp. 17,011 899,372
 
    3,764,490
Professional Services - 1.00%    
CoStar Group, Inc. (I) 17,859 928,132
Trading Companies & Distributors - 1.07%    
Watsco, Inc. (L) 9,530 486,983
WESCO International, Inc. (I)(L) 15,140 507,947
 
    994,930
    12,397,809
Information Technology - 25.21%    
Communications Equipment - 2.43%    
Ciena Corp. (I)(L) 32,567 364,750
Finisar Corp. (I)(L) 35,536 623,301
Netgear, Inc. (I) 23,362 604,842
Polycom, Inc. (I) 36,672 673,665
 
    2,266,558
Electronic Equipment, Instruments & Components - 0.67%  
Littelfuse, Inc. 15,626 628,321
Internet Software & Services - 3.61%    
Ancestry.com, Inc. (I)(L) 18,544 435,784
Open Text Corp. (I)(L) 14,405 750,789
RightNow Technologies, Inc. (I) 25,700 849,385
ValueClick, Inc. (I) 58,899 916,468
WebMD Health Corp. (I) 13,654 411,668
 
    3,364,094
IT Services - 0.94%    
Alliance Data Systems Corp. (I)(L) 9,423 873,512
Semiconductors & Semiconductor Equipment - 7.07%  
Cavium Inc. (I) 25,716 694,589
Cymer, Inc. (I) 16,826 625,591
Hittite Microwave Corp. (I) 15,786 768,778
Microsemi Corp. (I) 45,196 722,232
Netlogic Microsystems, Inc. (I) 8,242 396,523
PMC-Sierra, Inc. (I) 102,365 612,143
Power Integrations, Inc. (L) 24,514 750,374
Semtech Corp. (I) 37,053 781,818
Teradyne, Inc. (I)(L) 58,527 644,382
Volterra Semiconductor Corp. (I) 30,497 586,457
 
    6,582,887
Software - 10.49%    
ANSYS, Inc. (I) 14,882 729,813
Aspen Technology, Inc. (I) 59,843 913,803
BroadSoft, Inc. (I)(L) 26,272 797,355
CommVault Systems, Inc. (I) 24,967 925,277
Fair Isaac Corp. 25,351 553,412
Informatica Corp. (I) 27,685 1,133,701
Interactive Intelligence Group (I) 21,349 579,625
Manhattan Associates, Inc. (I) 24,699 817,043
MICROS Systems, Inc. (I) 20,381 894,930
Parametric Technology Corp. (I) 31,699 487,531
Quest Software, Inc. (I) 36,063 572,680
SolarWinds, Inc. (I) 36,304 799,414
Websense, Inc. (I) 32,435 561,126
 
    9,765,710
    23,481,082

 

Small Company Growth Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Materials - 4.57%      
Chemicals - 2.49%      
Intrepid Potash, Inc. (I)(L)   23,729 $ 590,140
Olin Corp.   40,948 737,473
Rockwood Holdings, Inc. (I)   15,550 523,880
Solutia, Inc. (I)   36,098 463,859
 
      2,315,352
Containers & Packaging - 0.64%      
Greif, Inc., Class A   13,846 593,855
Metals & Mining - 1.44%      
Allied Nevada Gold Corp. (I)   8,482 303,744
Carpenter Technology Corp.   17,331 777,989
Detour Gold Corp. (I)   10,088 262,814
 
      1,344,547
      4,253,754
Telecommunication Services - 0.78%      
Wireless Telecommunication Services - 0.78%    
SBA Communications Corp., Class A (I)   21,208 731,252
Utilities - 1.00%      
Electric Utilities - 1.00%      
ITC Holdings Corp.   11,978 927,457
TOTAL COMMON STOCKS (Cost $84,953,553) $ 90,025,516
SECURITIES LENDING COLLATERAL - 14.18%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   1,319,794 13,204,799
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $13,206,116)   $ 13,204,799
SHORT-TERM INVESTMENTS - 3.68%    
Money Market Funds - 3.68%      
State Street Institutional Liquid Reserves      
Fund, 0.0927% (Y) $ 3,427,082 $ 3,427,082
TOTAL SHORT-TERM INVESTMENTS (Cost $3,427,082) $ 3,427,082
Total Investments (Small Company Growth Trust)    
(Cost $101,586,751) - 114.52%   $ 106,657,397
Other assets and liabilities, net - (14.52%)   (13,519,850)
TOTAL NET ASSETS - 100.00%   $ 93,137,547
 
 
Small Company Value Trust    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 95.67%      
Consumer Discretionary - 11.22%      
Auto Components - 0.79%      
Drew Industries, Inc. (L)   131,000 $ 2,617,381
Automobiles - 0.34%      
Winnebago Industries, Inc. (I)(L)   164,000 1,134,880
Distributors - 0.85%      
Pool Corp. (L)   107,000 2,801,260
Diversified Consumer Services - 1.55%      
Ascent Media Corp., Class A (I)   46,500 1,828,380
Matthews International Corp., Class A   107,000 3,291,320
 
      5,119,700

 

333

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure - 0.55%    
Orient Express Hotels, Ltd., Class A (I)(L) 261,000 $ 1,803,510
Household Durables - 1.39%    
CSS Industries, Inc. 80,500 1,342,740
Ethan Allen Interiors, Inc. (L) 52,000 707,720
M/I Homes, Inc. (I)(L) 72,200 433,922
Meritage Homes Corp. (I)(L) 119,000 1,801,660
Stanley Furniture Company, Inc. (I) 105,000 309,750
 
    4,595,792
Leisure Equipment & Products - 0.25%    
Brunswick Corp. 59,500 835,380
Media - 0.38%    
Saga Communications, Inc., Class A (I) 43,000 1,268,930
Multiline Retail - 0.41%    
Fred’s, Inc., Class A (L) 126,000 1,343,160
Specialty Retail - 4.49%    
Aaron’s, Inc. 326,900 8,254,225
Haverty Furniture Companies, Inc. 149,400 1,492,506
MarineMax, Inc. (I)(L) 135,000 873,450
Stein Mart, Inc. 240,000 1,500,000
The Men’s Wearhouse, Inc. 104,500 2,725,360
 
    14,845,541
Textiles, Apparel & Luxury Goods - 0.22%    
Culp, Inc. (I) 86,000 726,700
 
    37,092,234
Consumer Staples - 0.80%    
Food & Staples Retailing - 0.58%    
Nash Finch Company 70,411 1,896,168
Tobacco - 0.22%    
Alliance One International, Inc. (I)(L) 298,000 727,120
 
    2,623,288
Energy - 5.65%    
Energy Equipment & Services - 2.12%    
Atwood Oceanics, Inc. (I)(L) 46,000 1,580,560
CARBO Ceramics, Inc. (L) 29,400 3,014,382
Hercules Offshore, Inc. (I)(L) 149,400 436,248
Tetra Technologies, Inc. (I)(L) 212,000 1,636,640
Union Drilling, Inc. (I) 71,500 336,050
 
    7,003,880
Oil, Gas & Consumable Fuels - 3.53%    
Cloud Peak Energy, Inc. (I)(L) 99,300 1,683,135
Forest Oil Corp. (I) 75,000 1,080,000
Northern Oil and Gas, Inc. (I)(L) 150,000 2,908,500
Oasis Petroleum, Inc. (I)(L) 149,000 3,327,170
Overseas Shipholding Group, Inc. (L) 31,000 425,940
Penn Virginia Corp. (L) 192,000 1,069,440
Swift Energy Company (I) 48,500 1,180,490
 
    11,674,675
    18,678,555
Financials - 20.88%    
Capital Markets - 3.37%    
Ares Capital Corp. 288,000 3,965,760
Hercules Technology Growth Capital, Inc. 193,000 1,644,360
JMP Group, Inc. 95,000 551,950
Kohlberg Capital Corp. 167,634 980,659
Piper Jaffray Companies (I)(L) 36,300 650,859
Safeguard Scientifics, Inc. (I) 76,500 1,147,500

 

Small Company Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Capital Markets (continued)    
Stifel Financial Corp. (I)(L) 83,250 $ 2,211,120
 
    11,152,208
Commercial Banks - 4.89%    
Columbia Banking System, Inc. (L) 71,000 1,016,720
East West Bancorp, Inc. 127,000 1,893,570
Glacier Bancorp, Inc. (L) 191,400 1,793,418
Home Bancshares, Inc. 124,000 2,631,280
Signature Bank (I)(L) 51,500 2,458,095
SVB Financial Group (I)(L) 100,000 3,700,000
Wintrust Financial Corp. (L) 103,000 2,658,430
 
    16,151,513
Diversified Financial Services - 0.53%    
Compass Diversified Holdings (L) 143,100 1,742,958
Insurance - 5.00%    
Alterra Capital Holdings, Ltd. 123,000 2,333,310
Employers Holdings, Inc. 68,000 867,680
Markel Corp. (I)(L) 6,170 2,203,492
Meadowbrook Insurance Group, Inc. (L) 81,000 721,710
National Interstate Corp. 116,000 2,549,680
ProAssurance Corp. (L) 109,000 7,850,180
 
    16,526,052
Real Estate Investment Trusts - 6.99%    
Acadia Realty Trust (L) 78,000 1,458,600
CBL & Associates Properties, Inc. (L) 324,000 3,680,640
Cedar Shopping Centers, Inc. 153,000 475,830
First Potomac Realty Trust 170,000 2,119,900
Hatteras Financial Corp. (L) 76,500 1,924,740
Kilroy Realty Corp. (L) 113,000 3,536,900
LaSalle Hotel Properties 138,300 2,655,360
Potlatch Corp. (L) 83,000 2,616,160
Redwood Trust, Inc. (L) 134,000 1,496,780
Saul Centers, Inc. 30,700 1,037,967
Washington Real Estate Investment Trust 73,900 2,082,502
 
    23,085,379
Thrifts & Mortgage Finance - 0.10%    
Radian Group, Inc. (L) 155,500 340,545
 
    68,998,655
Health Care - 5.91%    
Biotechnology - 0.37%    
Exelixis, Inc. (I) 224,900 1,227,954
Health Care Equipment & Supplies - 2.26%    
Analogic Corp. (L) 33,825 1,535,993
AngioDynamics, Inc. (I) 95,600 1,256,184
Quidel Corp. (I)(L) 102,000 1,669,740
West Pharmaceutical Services, Inc. (L) 81,000 3,005,100
 
    7,467,017
Health Care Providers & Services - 3.28%    
Landauer, Inc. 33,500 1,659,590
National Healthcare Corp. (L) 60,697 1,960,513
Owens & Minor, Inc. (L) 200,000 5,696,000
Triple-S Management Corp., Class B (I) 90,200 1,510,850
 
    10,826,953
 
    19,521,924
Industrials - 24.79%    
Aerospace & Defense - 0.18%    
Kratos Defense & Security Solutions, Inc. (I) 88,500 594,720
Air Freight & Logistics - 0.64%    
UTI Worldwide, Inc. 163,000 2,125,520

 

334

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Airlines - 1.36%    
Alaska Air Group, Inc. (I) 80,000 $ 4,503,200
Building Products - 1.23%    
Gibraltar Industries, Inc. (I) 159,000 1,291,080
Quanex Building Products Corp. 100,000 1,095,000
Universal Forest Products, Inc. (L) 70,000 1,683,500
 
    4,069,580
Commercial Services & Supplies - 3.70%    
G&K Services, Inc., Class A 89,000 2,273,060
McGrath Rentcorp 166,000 3,949,140
Mine Safety Appliances Company 62,000 1,671,520
Waste Connections, Inc. (L) 128,000 4,328,960
 
    12,222,680
Construction & Engineering - 0.97%    
Comfort Systems USA, Inc. 128,000 1,064,960
Insituform Technologies, Inc., Class A (I)(L) 148,000 1,713,840
Sterling Construction Company, Inc. (I) 39,000 435,630
 
    3,214,430
Electrical Equipment - 1.97%    
Belden, Inc. 97,000 2,501,630
Franklin Electric Company, Inc. 26,700 968,676
Woodward, Inc. (L) 110,500 3,027,700
 
    6,498,006
Machinery - 5.20%    
Astec Industries, Inc. (I) 45,600 1,335,168
Cascade Corp. 45,500 1,519,245
CIRCOR International, Inc. (L) 62,000 1,820,940
IDEX Corp. 98,800 3,078,608
Nordson Corp. (L) 149,500 5,941,130
Robbins & Myers, Inc. 100,000 3,471,000
 
    17,166,091
Marine - 1.90%    
Kirby Corp. (I)(L) 119,000 6,264,160
Professional Services - 1.97%    
FTI Consulting, Inc. (I)(L) 50,000 1,840,500
Navigant Consulting Company (I) 173,000 1,603,710
On Assignment, Inc. (I) 240,000 1,696,800
The Dolan Company (I)(L) 153,000 1,375,470
 
    6,516,480
Road & Rail - 3.76%    
Genesee & Wyoming, Inc., Class A (I) 121,000 5,628,920
Landstar System, Inc. (L) 172,000 6,804,320
 
    12,433,240
Trading Companies & Distributors - 1.91%    
Beacon Roofing Supply, Inc. (I)(L) 275,000 4,397,250
Kaman Corp., Class A 68,800 1,916,080
 
    6,313,330
    81,921,437
Information Technology - 9.45%    
Communications Equipment - 0.81%    
Ixia (I)(L) 209,000 1,603,030
Sonus Networks, Inc. (I)(L) 500,000 1,085,000
 
    2,688,030
Computers & Peripherals - 0.27%    
Xyratex, Ltd. (L) 95,900 888,993
Electronic Equipment, Instruments & Components - 3.57%  
Cognex Corp. 37,400 1,013,914
Electro Rent Corp. 190,400 2,629,424

 

Small Company Value Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
Electro Scientific Industries, Inc. (I) 86,700 $ 1,030,863
Littelfuse, Inc. (L) 69,000 2,774,490
Methode Electronics, Inc. 78,000 579,540
Newport Corp. (I) 123,000 1,329,630
SYNNEX Corp. (I)(L) 93,000 2,436,600
 
    11,794,461
IT Services - 0.11%    
StarTek, Inc. (I) 130,000 370,500
Semiconductors & Semiconductor Equipment - 2.89%  
Advanced Energy Industries, Inc. (I)(L) 155,000 1,336,100
ATMI, Inc. (I) 72,000 1,139,040
Brooks Automation, Inc. (L) 146,500 1,193,975
Cabot Microelectronics Corp. (I) 42,000 1,444,380
Cymer, Inc. (I)(L) 64,500 2,398,110
Teradyne, Inc. (I)(L) 184,900 2,035,749
 
    9,547,354
Software - 1.80%    
Accelrys, Inc. (I) 109,000 660,540
Progress Software Corp. (I) 190,000 3,334,500
Websense, Inc. (I)(L) 113,000 1,954,900
 
    5,949,940
 
    31,239,278
Materials - 11.43%    
Chemicals - 2.72%    
American Vanguard Corp. (L) 128,000 1,428,480
Arch Chemicals, Inc. (L) 49,000 2,299,080
Innospec, Inc. (I) 150,000 3,631,500
Minerals Technologies, Inc. 33,000 1,625,910
 
    8,984,970
Containers & Packaging - 2.16%    
AptarGroup, Inc. 116,500 5,204,055
Myers Industries, Inc. 190,000 1,928,500
 
    7,132,555
Metals & Mining - 4.28%    
AMCOL International Corp. (L) 77,500 1,859,225
Carpenter Technology Corp. (L) 81,500 3,658,535
Franco-Nevada Corp. 78,000 2,821,815
North American Palladium, Ltd. (I)(L) 205,000 522,750
Royal Gold, Inc. (L) 53,500 3,427,210
Schnitzer Steel Industries, Inc. 39,800 1,464,640
Sims Metal Management, Ltd., ADR (L) 33,200 393,088
 
    14,147,263
Paper & Forest Products - 2.27%    
Clearwater Paper Corp. (I) 86,800 2,949,464
Deltic Timber Corp. 57,500 3,431,600
Wausau Paper Corp. (L) 175,400 1,120,806
 
    7,501,870
 
    37,766,658
Telecommunication Services - 0.42%    
Diversified Telecommunication Services - 0.42%    
Premiere Global Services, Inc. (I) 217,000 1,393,140
Utilities - 5.12%    
Electric Utilities - 2.67%    
Cleco Corp. 114,000 3,891,960
El Paso Electric Company (L) 117,200 3,760,948

 

335

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Small Company Value Trust (continued)  
  Shares or   
  Principal  
  Amount  Value
 
COMMON STOCKS (continued)      
Electric Utilities (continued)      
PNM Resources, Inc.   71,200 $ 1,169,816
      8,822,724
Gas Utilities - 0.85%      
Southwest Gas Corp. (L)   78,000 2,821,260
Multi-Utilities - 1.60%      
Black Hills Corp. (L)   53,700 1,645,368
NorthWestern Corp.   68,200 2,178,308
Vectren Corp. (L)   54,000 1,462,320
 
      5,285,996
      16,929,980
TOTAL COMMON STOCKS (Cost $316,282,156) $ 316,165,149
PREFERRED SECURITIES - 1.27%      
Financials - 1.27%      
Commercial Banks - 0.87%      
East West Bancorp., Inc., Series A, 8.000% $ 2,400 $ 2,893,368
Insurance - 0.40%      
Assured Guaranty, Ltd., 8.500%   27,500 1,314,913
 
      4,208,281
TOTAL PREFERRED SECURITIES (Cost $3,746,686) $ 4,208,281
INVESTMENT COMPANIES - 0.88%      
Investment Companies - 0.88%      
First Opportunity Fund, Inc. (I)   86,843 524,532
iShares Russell 2000 Value Index Fund (L)   41,900 2,389,557
 
      2,914,089
TOTAL INVESTMENT COMPANIES (Cost $3,682,257) $ 2,914,089
SECURITIES LENDING COLLATERAL - 28.46%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   9,399,740 94,046,278
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $94,057,487)   $ 94,046,278
SHORT-TERM INVESTMENTS - 2.06%    
Money Market Funds - 2.06%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0000% (Y) $ 441,140 $ 441,140
T.Rowe Price Prime Reserve      
Fund, 0.1383% (Y)   6,387,162 6,387,162
 
      6,828,302
TOTAL SHORT-TERM INVESTMENTS (Cost $6,828,302) $ 6,828,302
Total Investments (Small Company Value Trust)    
(Cost $424,596,888) - 128.34%   $ 424,162,099
Other assets and liabilities, net - (28.34%)   (93,674,629)
TOTAL NET ASSETS - 100.00%   $ 330,487,470

 

Smaller Company Growth Trust  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS - 96.88%    
Consumer Discretionary - 13.32%    
Auto Components - 0.34%    
American Axle &    
Manufacturing Holdings, Inc. (I) 2,609 $ 19,907
Amerigon, Inc. (I) 21,480 273,440
Exide Technologies (I) 3,893 15,572
Federal-Mogul Corp. (I) 512 7,552
Fuel Systems Solutions, Inc. (I)(L) 1,002 19,248
Gentex Corp. 8,447 203,150
Modine Manufacturing Company (I) 1,521 13,780
Stoneridge, Inc. (I) 1,487 7,762
Tenneco, Inc. (I) 3,578 91,633
Tower International, Inc. (I) 390 4,021
Wonder Auto Technology, Inc. (I)(L) 715 679
 
    656,744
Automobiles - 1.01%    
Harley-Davidson, Inc. 53,510 1,836,998
Tesla Motors, Inc. (I)(L) 2,830 69,024
Thor Industries, Inc. 2,643 58,542
Winnebago Industries, Inc. (I) 850 5,882
 
    1,970,446
Distributors - 1.03%    
LKQ Corp. (I) 80,260 1,939,082
Pool Corp. (L) 2,851 74,639
 
    2,013,721
Diversified Consumer Services - 0.74%    
American Public Education, Inc. (I) 1,058 35,972
Archipelago Learning, Inc. (I)(L) 539 4,528
Bridgepoint Education, Inc. (I)(L) 1,251 21,817
Capella Education Company (I)(L) 884 25,088
Coinstar, Inc. (I)(L) 13,136 525,440
Education Management Corp. (I)(L) 1,276 18,936
Grand Canyon Education, Inc. (I) 2,004 32,365
K12, Inc. (I) 1,690 43,027
Matthews International Corp., Class A 1,746 53,707
Sotheby’s 21,218 584,980
Steiner Leisure, Ltd. (I) 845 34,451
Strayer Education, Inc. (L) 471 36,112
Universal Technical Institute, Inc. (I) 1,302 17,694
 
    1,434,117
Hotels, Restaurants & Leisure - 1.27%    
AFC Enterprises, Inc. (I) 1,465 17,331
Ameristar Casinos, Inc. 16,390 263,060
Bally Technologies, Inc. (I) 2,543 68,610
Biglari Holdings, Inc. (I) 27 8,003
BJ’s Restaurants, Inc. (I) 1,467 64,709
Bravo Brio Restaurant Group, Inc. (I) 1,083 18,021
Buffalo Wild Wings, Inc. (I) 1,084 64,823
Caribou Coffee Company, Inc. (I) 19,882 235,005
CEC Entertainment, Inc. 1,174 33,424
Choice Hotels International, Inc. 885 26,302
Denny’s Corp. (I) 5,561 18,518
DineEquity, Inc. (I) 466 17,936
Domino’s Pizza, Inc. (I) 27,678 754,226
Gaylord Entertainment Company (I) 2,146 41,504
Interval Leisure Group, Inc. (I) 2,380 31,702
Isle of Capri Casinos, Inc. (I) 1,244 6,021
Krispy Kreme Doughnuts, Inc. (I) 3,597 24,532
Life Time Fitness, Inc. (I)(L) 2,251 82,949
P.F. Chang’s China Bistro, Inc. (L) 1,352 36,828
Panera Bread Company, Class A (I) 1,717 178,465
Papa John’s International, Inc. (I) 1,219 37,058
Peet’s Coffee & Tea, Inc. (I)(L) 759 42,231

 

336

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Pinnacle Entertainment, Inc. (I) 1,832 $ 16,635
Shuffle Master, Inc. (I) 3,197 26,887
Six Flags Entertainment Corp. (L) 2,611 72,377
Sonic Corp. (I) 3,474 24,561
Texas Roadhouse, Inc., Class A 3,792 50,130
The Cheesecake Factory, Inc. (I)(L) 3,246 80,014
Vail Resorts, Inc. 2,131 80,530
WMS Industries, Inc. (I) 3,388 59,595
 
    2,481,987
Household Durables - 0.17%    
Beazer Homes USA, Inc. (I)(L) 1,561 2,357
Blyth, Inc. 317 17,578
Ethan Allen Interiors, Inc. 1,533 20,864
Furniture Brands International, Inc. (I) 1,445 2,977
Hovnanian Enterprises, Inc., Class A (I)(L) 2,549 3,110
iRobot Corp. (I) 1,414 35,576
Libbey, Inc. (I) 1,174 12,374
Ryland Group, Inc. 919 9,787
Sealy Corp. (I) 1,428 2,113
Tempur-Pedic International, Inc. (I) 4,051 213,123
Universal Electronics, Inc. (I) 889 14,571
 
    334,430
Internet & Catalog Retail - 0.42%    
Blue Nile, Inc. (I)(L) 865 30,517
HSN, Inc. (I) 2,424 80,307
Orbitz Worldwide, Inc. (I) 1,195 2,593
Overstock.com, Inc. (I) 963 8,927
PetMed Express, Inc. 448 4,032
Shutterfly, Inc. (I) 11,491 473,199
US Auto Parts Network, Inc. (I) 41,620 211,013
Vitacost.com, Inc. (I) 973 4,631
 
    815,219
Leisure Equipment & Products - 0.15%    
Brunswick Corp. 2,503 35,142
Eastman Kodak Co. (I)(L) 15,920 12,419
Leapfrog Enterprises, Inc. (I) 2,603 8,772
Marine Products Corp. (I) 232 793
Polaris Industries, Inc. 3,864 193,084
Smith & Wesson Holding Corp. (I) 3,387 8,535
Sturm Ruger & Company, Inc. 1,117 29,020
 
    287,765
Media - 0.32%    
AMC Networks, Inc. (I) 3,150 100,643
Arbitron, Inc. 1,606 53,126
John Wiley & Sons, Inc. 2,729 121,222
Knology, Inc. (I) 1,879 24,389
Lions Gate Entertainment Corp. (I) 1,844 12,724
Live Nation Entertainment, Inc. (I) 8,609 68,958
Martha Stewart Living    
Omnimedia, Inc., Class A (I)(L) 1,722 5,373
Morningstar, Inc. 1,487 83,926
National CineMedia, Inc. 1,631 23,666
ReachLocal, Inc. (I) 516 5,609
The Madison Square Garden, Inc., Class A (I) 3,307 75,400
Valassis Communications, Inc. (I) 2,908 54,496
 
    629,532
Multiline Retail - 0.95%    
99 Cents Only Stores (I) 2,918 53,750
Big Lots, Inc. (I) 4,450 154,994
Gordmans Stores, Inc. (I) 328 3,926
Kohl’s Corp. 32,910 1,615,881

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Multiline Retail (continued)    
Saks, Inc. (I)(L) 2,372 $ 20,755
 
    1,849,306
Specialty Retail - 4.90%    
Aaron’s, Inc. 4,498 113,575
Aeropostale, Inc. (I) 4,777 51,639
Americas Car-Mart, Inc. (I) 196 5,688
ANN, Inc. (I) 3,080 70,347
Asbury Automotive Group, Inc. (I) 1,138 18,766
Ascena Retail Group, Inc. (I) 22,014 595,919
Bebe Stores, Inc. 2,239 15,046
Body Central Corp. (I) 649 11,786
Casual Male Retail Group, Inc. (I) 104,885 394,368
Charming Shoppes, Inc. (I) 2,407 6,258
Chico’s FAS, Inc. 165,556 1,892,305
Citi Trends, Inc. (I) 886 10,428
Coldwater Creek, Inc. (I) 3,777 4,721
DSW, Inc., Class A 540 24,937
Express, Inc. 29,197 592,407
Genesco, Inc. (I)(L) 13,346 687,719
hhgregg, Inc. (I) 580 5,655
Hibbett Sports, Inc. (I)(L) 16,159 547,629
HOT Topic, Inc. 1,635 12,475
Jos A. Bank Clothiers, Inc. (I) 11,314 527,572
Kirkland’s, Inc. (I) 943 8,647
Lithia Motors, Inc., Class A (L) 24,046 345,781
Lumber Liquidators Holdings, Inc. (I)(L) 1,470 22,197
Monro Muffler Brake, Inc. 7,808 257,430
New York & Company, Inc. (I) 1,072 3,420
OfficeMax, Inc. (I) 2,544 12,338
Penske Automotive Group, Inc. (L) 959 15,344
PEP Boys - Manny, Moe & Jack 3,116 30,755
Pier 1 Imports, Inc. (I) 21,515 210,417
Rent-A-Center, Inc. 21,770 597,587
Rue21, Inc. (I) 938 21,283
Sally Beauty Holdings, Inc. (I)(L) 5,967 99,052
Select Comfort Corp. (I) 22,450 313,627
Signet Jewelers, Ltd. (I) 5,139 173,698
The Buckle, Inc. (L) 13,918 535,286
The Children’s Place Retail Stores, Inc. (I)(L) 772 35,921
The Finish Line, Inc., Class A 26,470 529,135
The Wet Seal, Inc., Class A (I) 6,002 26,889
Ulta Salon Cosmetics & Fragrance, Inc. (I) 2,705 168,332
Vitamin Shoppe, Inc. (I) 14,098 527,829
Zumiez, Inc. (I) 1,284 22,483
 
    9,546,691
Textiles, Apparel & Luxury Goods - 2.02%    
Carter’s, Inc. (I) 1,709 52,193
Crocs, Inc. (I) 28,541 675,565
Deckers Outdoor Corp. (I) 2,289 213,472
G-III Apparel Group, Ltd. (I) 997 22,791
Hanesbrands, Inc. (I) 3,712 92,837
Iconix Brand Group, Inc. (I)(L) 31,636 499,849
K-Swiss, Inc., Class A (I)(L) 1,038 4,412
Liz Claiborne, Inc. (I)(L) 5,596 27,980
Maidenform Brands, Inc. (I) 9,855 230,706
Peace Mark Holdings, Ltd. (I) 464,000 0
Perry Ellis International, Inc. (I)(L) 17,628 331,406
Steven Madden, Ltd. (I) 20,488 616,689
The Warnaco Group, Inc. (I) 10,425 480,488
True Religion Apparel, Inc. (I) 1,449 39,065
Under Armour, Inc., Class A (I)(L) 2,225 147,762
Vera Bradley, Inc. (I)(L) 1,079 38,898

 

337

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods (continued)    
Wolverine World Wide, Inc. 13,520 $ 449,540
    3,923,653
    25,943,611
Consumer Staples - 1.46%    
Beverages - 0.05%    
Boston Beer Company, Inc. (I) 550 39,985
Coca-Cola Bottling Company Consolidated 192 10,648
Heckmann Corp. (I)(L) 5,773 30,539
National Beverage Corp. 684 10,369
 
    91,541
Food & Staples Retailing - 0.65%    
BJ’s Wholesale Club, Inc. (I) 2,103 107,758
Casey’s General Stores, Inc. 2,246 98,038
Pricesmart, Inc. (L) 7,703 480,051
Rite Aid Corp. (I)(L) 39,509 38,719
Ruddick Corp. 11,240 438,248
Susser Holdings Corp. (I) 337 6,716
United Natural Foods, Inc. (I) 2,719 100,712
 
    1,270,242
Food Products - 0.44%    
Alico, Inc. 77 1,512
Calavo Growers, Inc. 348 7,141
Darling International, Inc. (I) 6,923 87,161
Diamond Foods, Inc. (L) 1,303 103,966
J & J Snack Foods Corp. 880 42,284
Pilgrim’s Pride Corp. (I) 1,095 4,676
Smart Balance, Inc. (I) 3,503 20,668
The Hain Celestial Group, Inc. (I)(L) 17,473 533,800
Tootsie Roll Industries, Inc. (L) 384 9,262
TreeHouse Foods, Inc. (I) 735 45,452
 
    855,922
Personal Products - 0.31%    
Elizabeth Arden, Inc. (I) 730 20,761
Inter Parfums, Inc. 28,122 434,485
Medifast, Inc. (I) 822 13,275
Nu Skin Enterprises, Inc., Class A 3,275 132,703
USANA Health Sciences, Inc. (I)(L) 466 12,815
 
    614,039
Tobacco - 0.01%    
Alliance One International, Inc. (I) 1,691 4,126
Star Scientific, Inc. (I)(L) 3,180 7,346
 
    11,472
    2,843,216
Energy - 8.28%    
Energy Equipment & Services - 2.39%    
Atwood Oceanics, Inc. (I) 1,725 59,271
Basic Energy Services, Inc. (I) 1,757 24,879
CARBO Ceramics, Inc. 1,165 119,447
Complete Production Services, Inc. (I) 3,736 70,424
Dawson Geophysical Company (I) 13,081 308,450
Dril-Quip, Inc. (I) 1,896 102,213
Exterran Holdings, Inc. (I)(L) 3,593 34,924
Global Geophysical Services, Inc. (I) 1,078 8,592
Helix Energy Solutions Group, Inc. (I) 20,517 268,773
ION Geophysical Corp. (I) 3,689 17,449
Key Energy Services, Inc. (I) 38,706 367,320
Lufkin Industries, Inc. 1,803 95,938
Matrix Service Company (I) 1,564 13,310
McDermott International, Inc. (I) 146,730 1,578,815

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Energy Equipment & Services (continued)    
Newpark Resources, Inc. (I)(L) 66,176 $ 403,012
North American Energy Partners, Inc. (I)(L) 46,470 270,455
Oil States International, Inc. (I) 1,061 54,026
OYO Geospace Corp. (I) 7,399 416,490
Pioneer Drilling Company (I) 31,878 228,884
RPC, Inc. (L) 2,634 42,987
Superior Energy Services, Inc. (I) 4,694 123,171
Tesco Corp. (I) 1,919 22,260
Tetra Technologies, Inc. (I) 1,591 12,283
Willbros Group, Inc. (I) 2,442 10,183
 
    4,653,556
Oil, Gas & Consumable Fuels - 5.89%    
Abraxas Petroleum Corp. (I)(L) 96,394 254,480
Alon USA Energy, Inc. 658 4,034
Approach Resources, Inc. (I) 1,263 21,458
ATP Oil & Gas Corp. (I)(L) 958 7,386
Berry Petroleum Company, Class A 1,373 48,577
Bill Barrett Corp. (I) 1,396 50,591
BPZ Resources, Inc. (I)(L) 5,492 15,213
Brigham Exploration Company (I) 6,927 174,976
Carrizo Oil & Gas, Inc. (I) 89,819 1,935,599
Cheniere Energy, Inc. (I)(L) 4,802 24,730
Clayton Williams Energy, Inc. (I) 468 20,035
Clean Energy Fuels Corp. (I)(L) 2,910 32,359
Comstock Resources, Inc. (I) 21,400 330,844
Contango Oil & Gas Company (I) 747 40,868
CVR Energy, Inc. (I) 1,818 38,433
Endeavour International Corp. (I) 1,978 15,784
Energy XXI Bermuda, Ltd. (I) 1,983 42,535
FX Energy, Inc. (I) 3,096 12,786
Gastar Exploration, Ltd. (I) 3,454 10,362
Georesources, Inc. (I)(L) 24,845 441,993
Goodrich Petroleum Corp. (I)(L) 1,602 18,936
Gran Tierra Energy, Inc. (I) 15,411 73,510
Gulfport Energy Corp. (I) 2,539 61,393
Harvest Natural Resources, Inc. (I) 939 8,047
Houston American Energy Corp. (I) 1,105 15,205
Hyperdynamics Corp. (I)(L) 8,745 32,357
InterOil Corp. (I) 44,820 2,183,630
Kodiak Oil & Gas Corp. (I)(L) 91,633 477,408
Magnum Hunter Resources Corp. (I)(L) 86,099 284,988
McMoRan Exploration Company (I) 3,656 36,304
Northern Oil and Gas, Inc. (I)(L) 3,362 65,189
Oasis Petroleum, Inc. (I)(L) 3,008 67,169
Patriot Coal Corp. (I)(L) 33,062 279,705
Petroleum Development Corp. (I)(L) 1,390 26,952
Petroquest Energy, Inc. (I) 1,177 6,474
Rentech, Inc. (I) 13,188 10,289
Resolute Energy Corp. (I) 2,706 30,740
Rex Energy Corp. (I)(L) 247,425 3,129,926
Rosetta Resources, Inc. (I) 12,464 426,518
Swift Energy Company (I) 16,489 401,342
Triangle Petroleum Corp. (I) 48,800 175,192
Uranium Energy Corp. (I)(L) 4,008 10,982
Venoco, Inc. (I) 1,826 16,087
W&T Offshore, Inc. 1,102 15,164
Warren Resources, Inc. (I) 4,015 9,636
Western Refining, Inc. (I) 2,096 26,116
World Fuel Services Corp. (L) 2,095 68,402
 
    11,480,704
 
    16,134,260

 

338

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Financials - 6.04%    
Capital Markets - 1.07%    
Duff & Phelps Corp. 1,672 $ 17,824
E*TRADE Financial Corp. (I) 10,758 98,005
Epoch Holding Corp. 829 11,250
Evercore Partners, Inc., Class A 889 20,269
Financial Engines, Inc. (I) 1,974 35,749
GAMCO Investors, Inc., Class A 152 5,987
Gleacher & Company, Inc. (I) 2,482 2,954
HFF, Inc. (I) 1,915 16,737
ICG Group, Inc. (I) 2,195 20,216
International FCStone, Inc. (I) 915 18,995
KBW, Inc. 1,320 18,203
Safeguard Scientifics, Inc. (I) 1,224 18,360
Stifel Financial Corp. (I) 13,060 346,874
TD Ameritrade Holding Corp. 82,470 1,212,721
The Charles Schwab Corp. 2,601 29,313
THL Credit, Inc. 383 4,182
Wisdomtree Investments    
Incwisdomtree Investments Inc (I) 30,260 212,425
 
    2,090,064
Commercial Banks - 0.87%    
Boston Private Financial Holdings, Inc. (L) 59,780 351,506
CapitalSource, Inc. 9,084 55,776
Cardinal Financial Corp. 813 7,008
First Citizens BancShares, Inc. 1,848 265,262
Investors Bancorp, Inc. (I) 3,013 38,054
Nara Bancorp, Inc. (I) 737 4,474
Pinnacle Financial Partners, Inc. (I)(L) 959 10,491
Signature Bank (I) 2,690 128,394
SVB Financial Group (I)(L) 11,528 426,536
Texas Capital Bancshares, Inc. (I) 2,202 50,316
Umpqua Holdings Corp. 39,692 348,893
 
    1,686,710
Consumer Finance - 1.03%    
Cash America International, Inc. 609 31,156
Credit Acceptance Corp. (I) 606 39,002
DFC Global Corp. (I) 34,092 744,910
EZCORP, Inc., Class A (I) 21,780 621,601
First Cash Financial Services, Inc. (I) 12,012 503,903
Green Dot Corp., Class A (I) 1,242 38,899
Netspend Holdings, Inc. (I) 2,113 10,861
The First Marblehead Corp. (I)(L) 1,236 1,261
World Acceptance Corp. (I) 328 18,352
 
    2,009,945
Diversified Financial Services - 1.62%    
Asset Acceptance Capital Corp. (I) 639 2,153
Encore Capital Group, Inc. (I) 25,122 548,916
MarketAxess Holdings, Inc. 1,568 40,799
Moody’s Corp. 81,620 2,485,329
NewStar Financial, Inc. (I) 964 9,004
Portfolio Recovery Associates, Inc. (I) 1,012 62,967
 
    3,149,168
Insurance - 0.57%    
Citizens, Inc., Class A (I) 1,152 7,384
eHealth, Inc. (I) 443 6,051
Greenlight Capital Re, Ltd., Class A (I) 627 13,004
Hilltop Holdings, Inc. (I) 866 6,244
Maiden Holdings, Ltd. 32,640 241,210
Platinum Underwriters Holdings, Ltd. 16,080 494,460
ProAssurance Corp. 4,480 322,650

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Tower Group, Inc. 813 $ 18,585
 
    1,109,588
Real Estate Investment Trusts - 0.51%    
Alexander’s, Inc. 121 43,683
Apartment Investment & Management    
Company, Class A 2,475 54,747
Cogdell Spencer, Inc. 988 3,725
Coresite Realty Corp. 1,176 16,876
CubeSmart 5,590 47,683
DCT Industrial Trust, Inc. 7,269 31,911
DDR Corp. 4,583 49,955
DuPont Fabros Technology, Inc. (L) 1,804 35,521
Equity Lifestyle Properties, Inc. 1,072 67,214
Extra Space Storage, Inc. 5,259 97,975
FelCor Lodging Trust, Inc. (I) 4,549 10,599
First Industrial Realty Trust, Inc. (I) 2,428 19,424
Pebblebrook Hotel Trust 3,011 47,122
PS Business Parks, Inc. 1,170 57,962
Retail Opportunity Investments Corp. 1,245 13,795
Sabra Healthcare REIT, Inc. 2,091 19,948
Saul Centers, Inc. 252 8,520
Strategic Hotels & Resorts, Inc. (I) 5,379 23,183
Sun Communities, Inc. 1,194 42,017
Tanger Factory Outlet Centers, Inc. 4,812 125,160
Taubman Centers, Inc. 3,306 166,325
 
    983,345
Real Estate Management & Development - 0.30%    
Altisource Portfolio Solutions SA (I) 13,063 462,300
Forest City Enterprises, Inc., Class A (I) 5,053 53,865
Forestar Group, Inc. (I) 1,048 11,434
Kennedy-Wilson Holdings, Inc. 1,189 12,603
Tejon Ranch Company (I) 880 21,006
The St. Joe Company (I) 2,048 30,700
 
    591,908
Thrifts & Mortgage Finance - 0.07%    
Beneficial Mutual Bancorp, Inc. (I) 2,149 16,010
Capitol Federal Financial, Inc. 9,911 104,660
Doral Financial Corp. (I) 7,156 7,800
Radian Group, Inc. 2,757 6,038
 
    134,508
 
    11,755,236
Health Care - 18.12%    
Biotechnology - 3.66%    
Achillion Pharmaceuticals, Inc. (I) 1,572 7,420
Acorda Therapeutics, Inc. (I) 2,335 46,607
Alkermes PLC (I) 5,665 86,448
Allos Therapeutics, Inc. (I) 4,687 8,624
Alnylam Pharmaceuticals, Inc. (I)(L) 1,386 9,106
AMAG Pharmaceuticals, Inc. (I) 1,252 18,480
Amylin Pharmaceuticals, Inc. (I) 7,767 71,689
Ardea Biosciences, Inc. (I) 1,420 22,180
Arena Pharmaceuticals, Inc. (I)(L) 5,612 8,137
Ariad Pharmaceuticals, Inc. (I)(L) 7,811 68,659
Arqule, Inc. (I) 3,001 15,155
Astex Pharmaceuticals (I) 179,813 345,241
AVEO Pharmaceuticals, Inc. (I) 1,726 26,563
BioMarin Pharmaceutical, Inc. (I) 6,563 209,163
BioMimetic Therapeutics, Inc. (I) 792 2,614
BioSpecifics Technologies Corp. (I) 261 4,213
Biotime, Inc. (I) 938 4,137
Cell Therapeutics, Inc. (I)(L) 9,850 10,441

 

339

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Cepheid, Inc. (I)(L) 3,655 $ 141,924
Codexis, Inc. (I) 1,158 5,292
Cubist Pharmaceuticals, Inc. (I) 3,547 125,280
Dendreon Corp. (I) 178,390 1,605,510
Dyax Corp. (I) 3,552 4,476
Emergent Biosolutions, Inc. (I) 735 11,341
Enzon Pharmaceuticals, Inc. (I) 1,855 13,059
Exelixis, Inc. (I)(L) 7,565 41,305
Genomic Health, Inc. (I) 866 19,035
Geron Corp. (I)(L) 4,961 10,517
Halozyme Therapeutics, Inc. (I) 4,867 29,883
Idenix Pharmaceuticals, Inc. (I) 3,408 17,006
Immunogen, Inc. (I) 2,895 31,729
Immunomedics, Inc. (I) 4,240 13,568
Incyte Corp. (I)(L) 6,635 92,691
InterMune, Inc. (I) 2,977 60,135
Ironwood Pharmaceuticals, Inc. (I) 2,984 32,227
Isis Pharmaceuticals, Inc. (I) 5,599 37,961
Lexicon Pharmaceuticals, Inc. (I) 5,495 5,055
Ligand Pharmaceuticals, Inc., Class B (I) 1,046 14,309
Mannkind Corp. (I)(L) 5,027 19,052
Medivation, Inc. (I) 1,962 33,315
Metabolix, Inc. (I) 918 4,021
Micromet, Inc. (I)(L) 2,816 13,517
Momenta Pharmaceuticals, Inc. (I) 2,558 29,417
Myriad Genetics, Inc. (I)(L) 33,813 633,656
Nabi Biopharmaceuticals (I) 1,735 2,915
Neurocrine Biosciences, Inc. (I) 2,940 17,581
Novavax, Inc. (I) 2,985 4,806
NPS Pharmaceuticals, Inc. (I) 5,089 33,129
Onyx Pharmaceuticals, Inc. (I) 23,439 703,404
Opko Health, Inc. (I)(L) 8,434 36,519
Orexigen Therapeutics, Inc. (I) 1,806 3,594
Osiris Therapeutics, Inc. (I) 957 4,900
Pharmasset, Inc. (I) 2,200 181,214
Progenics Pharmaceuticals, Inc. (I) 1,226 7,037
PROLOR Biotech, Inc. (I) 2,086 8,490
Protalix BioTherapeutics, Inc. (I) 3,039 13,979
Rigel Pharmaceuticals, Inc. (I) 4,058 29,867
Sangamo Biosciences, Inc. (I)(L) 2,941 12,793
Savient Pharmaceuticals, Inc. (I)(L) 2,732 11,201
Seattle Genetics, Inc. (I)(L) 30,253 576,622
SIGA Technologies, Inc. (I)(L) 1,457 4,764
Spectrum Pharmaceuticals, Inc. (I) 3,080 23,500
Targacept, Inc. (I) 1,646 24,690
Theravance, Inc. (I) 4,199 84,568
United Therapeutics Corp. (I) 35,413 1,327,633
ZIOPHARM Oncology, Inc. (I) 3,228 14,235
 
    7,137,599
Health Care Equipment & Supplies - 7.12%    
Abaxis, Inc. (I)(L) 1,333 30,539
ABIOMED, Inc. (I) 1,897 20,924
Accuray, Inc. (I) 3,795 15,256
Align Technology, Inc. (I) 3,684 55,886
Alimera Sciences, Inc. (I) 464 3,712
Arthrocare Corp. (I) 23,026 662,458
Atrion Corp. 1,680 348,415
Cantel Medical Corp. 863 18,227
Conceptus, Inc. (I) 1,753 18,354
CONMED Corp. (I) 89,380 2,056,634
CryoLife, Inc. (I) 1,570 7,049
Cyberonics, Inc. (I) 1,510 42,733
DexCom, Inc. (I) 3,969 47,628
Endologix, Inc. (I) 2,351 23,604

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Equipment & Supplies (continued)    
Exactech, Inc. (I) 464 $ 6,533
Greatbatch, Inc. (I) 483 9,665
Haemonetics Corp. (I) 9,819 574,215
HeartWare International, Inc. (I) 577 37,165
Hill-Rom Holdings, Inc. 1,308 39,266
ICU Medical, Inc. (I) 13,704 504,307
Insulet Corp. (I) 2,584 39,432
Integra LifeSciences Holdings Corp. (I) 15,566 556,796
Invacare Corp. 16,940 390,298
Kensey Nash Corp. (I) 169 4,141
MAKO Surgical Corp. (I)(L) 1,697 58,071
Masimo Corp. (L) 24,331 526,766
Meridian Bioscience, Inc. 849 13,363
Merit Medical Systems, Inc. (I) 43,685 574,021
Natus Medical, Inc. (I) 1,716 16,319
Neogen Corp. (I) 1,304 45,275
Neoprobe Corp. (I)(L) 4,730 14,001
NuVasive, Inc. (I)(L) 2,348 40,080
NxStage Medical, Inc. (I) 2,570 53,610
OraSure Technologies, Inc. (I) 2,625 20,895
Orthofix International NV (I) 1,068 36,857
Palomar Medical Technologies, Inc. (I) 695 5,477
Quidel Corp. (I) 1,766 28,909
RTI Biologics, Inc. (I) 2,016 6,633
Sirona Dental Systems, Inc. (I) 3,320 140,801
SonoSite, Inc. (I) 817 24,788
Stereotaxis, Inc. (I)(L) 2,700 2,997
SurModics, Inc. (I) 346 3,149
Symmetry Medical, Inc. (I) 2,152 16,613
Synovis Life Technologies, Inc. (I) 24,000 400,800
The Cooper Companies, Inc. 48,950 3,874,393
Thoratec Corp. (I) 68,275 2,228,496
Unilife Corp. (I)(L) 2,333 9,799
Volcano Corp. (I) 3,086 91,438
West Pharmaceutical Services, Inc. 1,982 73,532
Zoll Medical Corp. (I) 1,297 48,949
 
    13,869,269
Health Care Providers & Services - 1.67%    
Accretive Health, Inc. (I)(L) 1,992 42,290
Air Methods Corp. (I) 674 42,914
Alliance HealthCare Services, Inc. (I) 902 1,028
Almost Family, Inc. (I) 498 8,282
AMERIGROUP Corp. (I) 2,935 114,494
AMN Healthcare Services, Inc. (I) 1,874 7,515
Bio-Reference Labs, Inc. (I)(L) 29,998 552,263
Brookdale Senior Living, Inc. (I) 6,078 76,218
Catalyst Health Solutions, Inc. (I) 2,650 152,879
Centene Corp. (I) 1,035 29,673
Chemed Corp. 1,259 69,195
Corvel Corp. (I) 413 17,553
Emeritus Corp. (I)(L) 1,703 24,012
Hanger Orthopedic Group, Inc. (I) 1,784 33,700
Healthsouth Corp. (I) 5,632 84,086
Healthspring, Inc. (I) 16,356 596,340
HMS Holdings Corp. (I) 5,017 122,365
IPC The Hospitalist Company, Inc. (I) 13,779 491,773
Kindred Healthcare, Inc. (I) 1 9
Landauer, Inc. 195 9,660
LHC Group, Inc. (I) 939 16,019
Molina Healthcare, Inc. (I) 1,614 24,920
MWI Veterinary Supply, Inc. (I) 706 48,587
PSS World Medical, Inc. (I) 3,282 64,623
Sunrise Senior Living, Inc. (I)(L) 3,057 14,154
Team Health Holdings, Inc. (I) 1,727 28,357

 

340

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
Tenet Healthcare Corp. (I) 28,969 $ 119,642
The Ensign Group, Inc. 16,520 381,777
Universal American Corp. 705 7,092
VCA Antech, Inc. (I) 4,858 77,631
 
    3,259,051
Health Care Technology - 0.77%    
athenahealth, Inc. (I)(L) 1,960 116,718
Computer Programs & Systems, Inc. 6,790 449,159
Emdeon, Inc., Class A (I) 1,887 35,457
HealthStream, Inc. (I) 8,114 104,103
MedAssets, Inc. (I) 2,775 26,668
Medidata Solutions, Inc. (I) 6,975 114,669
Merge Healthcare, Inc. (I) 83,565 508,911
Omnicell, Inc. (I) 1,960 27,009
Quality Systems, Inc. (L) 1,209 117,273
 
    1,499,967
Life Sciences Tools & Services - 1.48%    
Bruker Corp. (I) 48,893 661,522
Enzo Biochem, Inc. (I) 2,006 5,155
eResearch Technology, Inc. (I) 2,903 12,947
ICON PLC, ADR (I) 14,308 230,073
Illumina, Inc. (I) 30,770 1,259,108
Luminex Corp. (I) 2,242 49,705
Pacific Biosciences of California, Inc. (I) 2,055 6,597
Parexel International Corp. (I) 25,167 476,411
Sequenom, Inc. (I) 5,862 29,838
Techne Corp. 2,087 141,937
 
    2,873,293
Pharmaceuticals - 3.42%    
Akorn, Inc. (I) 55,779 435,634
Auxilium Pharmaceuticals, Inc. (I) 2,831 42,437
AVANIR Pharmaceuticals, Class A (I) 6,609 18,902
Cadence Pharmaceuticals, Inc. (I) 2,062 13,506
Cardiome Pharma Corp. (I)(L) 69,390 228,293
Depomed, Inc. (I)(L) 58,776 317,390
Durect Corp. (I) 4,393 7,073
Forest Laboratories, Inc., CVR 767 729
Hi-Tech Pharmacal Company, Inc. (I) 8,122 272,899
Impax Laboratories, Inc. (I) 39,119 700,621
Jazz Pharmaceuticals, Inc. (I) 14,505 602,248
MAP Pharmaceuticals, Inc. (I) 1,165 17,032
Medicis Pharmaceutical Corp., Class A 3,653 133,261
Nektar Therapeutics (I) 69,521 337,177
Obagi Medical Products, Inc. (I) 1,097 9,950
Optimer Pharmaceuticals, Inc. (I)(L) 1,694 23,445
Pain Therapeutics, Inc. (I) 1,439 6,850
Par Pharmaceutical Companies, Inc. (I) 2,143 57,047
Pozen, Inc. (I) 1,484 3,576
Questcor Pharmaceuticals, Inc. (I) 3,464 94,429
Salix Pharmaceuticals, Ltd. (I) 22,186 656,706
Sucampo Pharmaceuticals, Inc. (I)(L) 363 1,354
The Medicines Company (I) 3,189 47,452
Viropharma, Inc. (I) 4,495 81,225
Vivus, Inc. (I) 3,150 25,421
Watson Pharmaceuticals, Inc. (I) 36,850 2,515,013
XenoPort, Inc. (I) 1,224 7,222
 
    6,656,892
    35,296,071
Industrials - 18.66%    
Aerospace & Defense - 2.50%    
AAR Corp. 1,529 25,488

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Aerospace & Defense (continued)    
Aerovironment, Inc. (I) 1,037 $ 29,192
American Science & Engineering, Inc. 537 32,784
BE Aerospace, Inc. (I) 66,930 2,216,052
Ceradyne, Inc. (I) 11,880 319,453
Cubic Corp. 949 37,077
DigitalGlobe, Inc. (I) 26,447 513,865
GenCorp, Inc. (I) 2,595 11,652
GeoEye, Inc. (I) 1,181 33,481
HEICO Corp. 643 31,661
HEICO Corp., Class A 1,405 47,292
Hexcel Corp. (I) 30,017 665,177
National Presto Industries, Inc. 142 12,341
Orbital Sciences Corp., Class A (I) 3,457 44,250
Taser International, Inc. (I) 3,587 15,460
Teledyne Technologies, Inc. (I) 1,032 50,424
The Keyw Holding Corp. (I) 766 5,446
TransDigm Group, Inc. (I) 2,810 229,493
Triumph Group, Inc. 11,260 548,812
 
    4,869,400
Air Freight & Logistics - 2.29%    
Atlas Air Worldwide Holdings, Inc. (I) 10,824 360,331
Forward Air Corp. 1,738 44,232
HUB Group, Inc., Class A (I) 86,737 2,452,055
Pacer International, Inc. (I) 2,070 7,763
UTI Worldwide, Inc. 122,160 1,592,966
 
    4,457,347
Airlines - 0.04%    
Allegiant Travel Company (I) 901 42,464
AMR Corp. (I)(L) 12,826 37,965
 
    80,429
Building Products - 0.32%    
AAON, Inc. (L) 1,097 17,278
Ameresco, Inc., Class A (I) 858 8,717
AO Smith Corp. (L) 17,335 555,240
Simpson Manufacturing Company, Inc. 830 20,692
Trex Company, Inc. (I) 783 12,551
USG Corp. (I)(L) 2,137 14,382
 
    628,860
Commercial Services & Supplies - 0.95%    
ACCO Brands Corp. (I) 1,142 5,447
American Reprographics Company (I) 2,050 6,888
APAC Customer Services, Inc. (I) 1,671 14,237
Cenveo, Inc. (I) 3,344 10,065
Clean Harbors, Inc. (I) 2,819 144,615
Consolidated Graphics, Inc. (I) 7,913 289,062
Corrections Corp. of America (I) 6,349 144,059
EnerNOC, Inc. (I)(L) 1,171 10,539
Fuel Tech, Inc. (I) 1,060 6,169
Healthcare Services Group, Inc. 3,731 60,218
Herman Miller, Inc. 3,221 57,527
Higher One Holdings, Inc. (I)(L) 1,838 29,904
InnerWorkings, Inc. (I)(L) 1,777 13,932
Interface, Inc., Class A 1,726 20,470
KAR Auction Services, Inc. (I) 2,413 29,221
Knoll, Inc. 2,831 38,785
M&F Worldwide Corp. (I) 237 5,835
Mobile Mini, Inc. (I) 2,263 37,204
Progressive Waste Solutions Ltd. 19,064 392,337
Rollins, Inc. 3,490 65,298
Standard Parking Corp. (I) 936 14,639
Steelcase, Inc., Class A 5,151 32,503
Sykes Enterprises, Inc. (I) 2,487 37,181

 

341

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Services & Supplies (continued)    
Team, Inc. (I) 550 $ 11,539
Tetra Tech, Inc. (I) 3,689 69,132
United Stationers, Inc. 2,603 70,932
Viad Corp. 603 10,239
Waste Connections, Inc. 6,385 215,941
 
    1,843,918
Construction & Engineering - 2.36%    
Chicago Bridge & Iron Company NV 62,900 1,800,827
Furmanite Corp. (I) 2,077 11,237
Great Lakes Dredge & Dock Corp. 1,140 4,640
Insituform Technologies, Inc., Class A (I) 2,337 27,062
MasTec, Inc. (I) 135,380 2,384,042
MYR Group, Inc. (I) 21,001 370,458
Pike Electric Corp. (I) 1,095 7,413
 
    4,605,679
Electrical Equipment - 2.98%    
A123 Systems, Inc. (I)(L) 5,590 19,230
Acuity Brands, Inc. 1,281 46,167
American Superconductor Corp. (I)(L) 1,853 7,282
AZZ, Inc. 260 10,080
Belden, Inc. 82,370 2,124,322
Broadwind Energy, Inc. (I) 4,374 1,400
Capstone Turbine Corp. (I)(L) 14,556 14,556
Cooper Industries PLC 35,000 1,614,200
Ener1, Inc. (I) 4,646 637
EnerSys (I) 20,857 417,557
Franklin Electric Company, Inc. 1,170 42,448
Fushi Copperweld, Inc. (I)(L) 40,537 200,658
General Cable Corp. (I)(L) 14,112 329,515
Global Power Equipment Group, Inc. (I) 944 21,967
GrafTech International, Ltd. (I) 13,395 170,117
II-VI, Inc. (I) 24,024 420,420
Polypore International, Inc. (I) 2,041 115,357
Powell Industries, Inc. (I) 555 17,188
Thomas & Betts Corp. (I) 2,947 117,615
Vicor Corp. 1,243 10,876
Woodward, Inc. 3,460 94,804
 
    5,796,396
Industrial Conglomerates - 0.06%    
Raven Industries, Inc. 1,016 48,971
Seaboard Corp. (I) 22 39,644
Standex International Corp. 739 23,005
Tredegar Industries, Inc. 464 6,881
 
    118,501
Machinery - 3.79%    
3D Systems Corp. (I)(L) 2,500 34,975
Actuant Corp., Class A 26,399 521,380
Albany International Corp., Class A 580 10,585
Altra Holdings, Inc. (I) 1,590 18,396
American Railcar Industries, Inc. (I) 311 4,783
Astec Industries, Inc. (I) 1,140 33,379
Badger Meter, Inc. 846 24,475
Barnes Group, Inc. 1,370 26,373
Blount International, Inc. (I) 2,879 38,463
Chart Industries, Inc. (I)(L) 14,328 604,212
CLARCOR, Inc. 1,842 76,222
Colfax Corp. (I)(L) 1,416 28,688
Commercial Vehicle Group, Inc. (I) 1,533 10,072
Dynamic Materials Corp. 789 12,427
Energy Recovery, Inc. (I) 2,145 6,456
EnPro Industries, Inc. (I)(L) 15,394 456,894
ESCO Technologies, Inc. 1,574 40,137

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
FreightCar America, Inc. (I) 244 $ 3,516
Gardner Denver, Inc. 3,094 196,624
Graco, Inc. 3,589 122,528
Greenbrier Companies, Inc. (I) 700 8,155
IDEX Corp. 4,904 152,809
John Bean Technologies Corp. 1,695 24,171
Kadant, Inc. (I) 728 12,929
Kennametal, Inc. 14,486 474,272
LB Foster Co. 610 13,560
Lindsay Corp. 743 39,973
Meritor, Inc. (I) 161,860 1,142,732
Middleby Corp. (I) 1,053 74,194
Navistar International Corp. (I) 41,779 1,341,941
Nordson Corp. 3,433 136,427
Oshkosh Corp. (I) 3,504 55,153
RBC Bearings, Inc. (I) 1,297 44,085
Robbins & Myers, Inc. 12,676 439,984
Sauer-Danfoss, Inc. (I) 716 20,692
Sun Hydraulics, Inc. 1,213 24,721
Tennant Company 1,020 36,077
The Gorman-Rupp Company 1,118 27,603
The Manitowoc Company, Inc. (L) 3,704 24,854
The Toro Company 1,837 90,509
Titan International, Inc. (L) 2,361 35,415
TriMas Corp. (I) 25,133 373,225
Valmont Industries, Inc. 664 51,752
Wabash National Corp. (I)(L) 54,664 260,747
WABCO Holdings, Inc. (I) 1,397 52,890
Wabtec Corp. 2,857 151,050
 
    7,380,505
Marine - 0.08%    
Kirby Corp. (I) 2,859 150,498
Professional Services - 1.37%    
Acacia Research (I) 2,531 91,091
CBIZ, Inc. (I) 1,276 8,409
CoStar Group, Inc. (I) 1,463 76,032
Exponent, Inc. (I) 829 34,263
FTI Consulting, Inc. (I)(L) 18,251 671,819
Hill International, Inc. (I) 944 4,418
Huron Consulting Group, Inc. (I) 19,900 619,487
ICF International, Inc. (I) 1,164 21,895
Insperity, Inc. 1,412 31,417
Kforce, Inc. (I) 2,162 21,209
Korn/Ferry International (I) 16,600 202,354
Mistras Group, Inc. (I) 14,475 254,181
Pendrell Corp. (I) 8,302 18,680
Resources Connection, Inc. 2,743 26,827
School Specialty, Inc. (I) 949 6,766
The Advisory Board Company (I) 938 60,529
The Corporate Executive Board Company 2,042 60,852
The Dolan Company (I) 34,872 313,499
TrueBlue, Inc. (I) 12,835 145,421
 
    2,669,149
Road & Rail - 1.09%    
Avis Budget Group, Inc. (I) 6,213 60,080
Celadon Group, Inc. 1,266 11,242
Dollar Thrifty Automotive Group, Inc. (I) 1,712 96,386
Genesee & Wyoming, Inc., Class A (I) 9,383 436,497
Heartland Express, Inc. (L) 3,220 43,663
Knight Transportation, Inc. 3,704 49,300
Landstar System, Inc. 11,563 457,432
Marten Transport, Ltd. 17,282 297,942
Old Dominion Freight Line, Inc. (I) 21,854 633,110

 

342

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Road & Rail (continued)    
Patriot Transportation Holding, Inc. (I) 211 $ 4,264
RailAmerica, Inc. (I) 903 11,766
Saia, Inc. (I) 895 9,415
Universal Truckload Services, Inc. 131 1,703
 
    2,112,800
Trading Companies & Distributors - 0.83%    
Applied Industrial Technologies, Inc. 17,144 465,631
Beacon Roofing Supply, Inc. (I)(L) 28,365 453,556
CAI International, Inc. (I) 685 8,028
DXP Enterprises, Inc. (I) 11,790 222,006
H&E Equipment Services, Inc. (I) 1,658 13,679
Houston Wire & Cable Company 649 7,457
Kaman Corp., Class A 462 12,867
RSC Holdings, Inc. (I) 3,377 24,078
Rush Enterprises, Inc., Class A (I)(L) 19,732 279,405
Rush Enterprises, Inc., Class B (I) 406 4,738
Titan Machinery, Inc. (I) 979 17,524
United Rentals, Inc. (I)(L) 3,699 62,291
Watsco, Inc. 979 50,027
 
    1,621,287
    36,334,769
Information Technology - 22.86%    
Communications Equipment - 1.43%    
ADTRAN, Inc. 3,636 96,209
Anaren, Inc. (I) 293 5,611
Aruba Networks, Inc. (I)(L) 18,788 392,857
BigBand Networks, Inc. (I) 1,059 1,356
Blue Coat Systems, Inc. (I) 2,574 35,727
Calix, Inc. (I) 1,340 10,452
Ciena Corp. (I)(L) 5,622 62,966
DG FastChannel, Inc. (I)(L) 1,460 24,747
Digi International, Inc. (I) 1,499 16,489
Extreme Networks, Inc. (I) 1,682 4,457
Finisar Corp. (I)(L) 33,461 586,906
Harmonic, Inc. (I) 6,793 28,938
Infinera Corp. (I)(L) 5,877 45,370
InterDigital, Inc. (L) 10,934 509,306
Ixia (I) 2,236 17,150
JDS Uniphase Corp. (I) 13,432 133,917
Loral Space & Communications, Inc. (I) 564 28,256
Meru Networks, Inc. (I)(L) 616 5,020
Netgear, Inc. (I) 15,358 397,619
Oclaro, Inc. (I) 2,986 10,869
Plantronics, Inc. 2,847 80,997
Powerwave Technologies, Inc. (I)(L) 10,011 17,219
RADWARE, Ltd., ADR (I) 8,936 192,928
ShoreTel, Inc. (I) 1,814 9,034
Sonus Networks, Inc. (I)(L) 12,355 26,810
Sycamore Networks, Inc. 636 11,480
Viasat, Inc. (I)(L) 1,173 39,073
 
    2,791,763
Computers & Peripherals - 0.31%    
Avid Technology, Inc. (I) 796 6,161
Cray, Inc. (I) 1,927 10,232
Intermec, Inc. (I) 2,639 17,206
Novatel Wireless, Inc. (I) 1,897 5,729
OCZ Technology Group, Inc. (I)(L) 69,574 337,434
QLogic Corp. (I) 6,200 78,616
Quantum Corp. (I) 12,671 22,935
Silicon Graphics International Corp. (I) 1,073 12,790
STEC, Inc. (I)(L) 2,587 26,232
Stratasys, Inc. (I)(L) 1,188 22,026

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Computers & Peripherals (continued)    
Super Micro Computer, Inc. (I) 1,612 $ 20,198
Synaptics, Inc. (I) 2,027 48,445
 
    608,004
Electronic Equipment, Instruments & Components - 3.03%  
Anixter International, Inc. (I) 1,738 82,451
Brightpoint, Inc. (I) 165,560 1,524,808
Checkpoint Systems, Inc. (I) 2,372 32,212
Cognex Corp. 1,165 31,583
Daktronics, Inc. 2,090 17,932
DTS, Inc. (I) 1,030 25,575
Echelon Corp. (I) 1,873 13,130
Fabrinet (I) 1,112 20,794
FARO Technologies, Inc. (I) 967 30,509
FEI Company (I) 2,290 68,608
Insight Enterprises, Inc. (I) 135,024 2,044,263
IPG Photonics Corp. (I) 1,678 72,892
Itron, Inc. (I) 2,402 70,859
Maxwell Technologies, Inc. (I)(L) 21,321 392,520
Measurement Specialties, Inc. (I) 841 21,832
Mercury Computer Systems, Inc. (I) 1,786 20,539
Multi-Fineline Electronix, Inc. (I) 570 11,366
National Instruments Corp. 5,634 128,793
Newport Corp. (I) 21,976 237,561
OSI Systems, Inc. (I) 14,382 482,085
Power-One, Inc. (I)(L) 76,066 342,297
Pulse Electronics Corp. 806 2,305
Rofin-Sinar Technologies, Inc. (I) 1,683 32,314
Rogers Corp. (I) 331 12,952
Scansource, Inc. (I) 1,598 47,237
TTM Technologies, Inc. (I) 2,033 19,334
Universal Display Corp. (I)(L) 2,416 115,823
Viasystems Group, Inc. (I) 196 3,448
 
    5,906,022
Internet Software & Services - 5.12%    
Ancestry.com, Inc. (I)(L) 1,728 40,608
comScore, Inc. (I) 1,509 25,457
Constant Contact, Inc. (I)(L) 64,461 1,114,531
DealerTrack Holdings, Inc. (I) 24,491 383,774
Dice Holdings, Inc. (I) 2,760 21,583
Digital River, Inc. (I) 55,208 1,144,462
Envestnet, Inc. (I) 936 9,360
Equinix, Inc. (I) 29,092 2,584,242
Internap Network Services Corp. (I) 2,938 14,455
IntraLinks Holdings, Inc. (I) 2,236 16,792
j2 Global Communications, Inc. 21,941 590,213
Keynote Systems, Inc. 13,294 280,902
Limelight Networks, Inc. (I)(L) 3,982 9,398
Liquidity Services, Inc. (I) 1,074 34,443
LivePerson, Inc. (I) 59,624 593,259
LogMeIn, Inc. (I) 1,067 35,435
LoopNet, Inc. (I) 1,636 28,025
Mediamind Technologies Inc. (I) 595 13,090
MercadoLibre, Inc. 1,698 91,268
Monster Worldwide, Inc. (I) 7,270 52,199
Move, Inc. (I) 6,105 8,852
NIC, Inc. 31,024 355,225
Open Text Corp. (I)(L) 7,636 397,988
OpenTable, Inc. (I)(L) 975 44,860
Perficient, Inc. (I) 1,712 12,532
QuinStreet, Inc. (I) 1,527 15,804
RightNow Technologies, Inc. (I) 1,467 48,484
Travelzoo, Inc. (I)(L) 341 7,499
ValueClick, Inc. (I) 48,350 752,326

 

343

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
VistaPrint NV (I)(L) 26,355 $ 712,376
Vocus, Inc. (I) 1,124 18,838
WebMD Health Corp. (I) 3,323 100,188
XO Group, Inc. (I) 1,589 12,982
Zix Corp. (I) 145,430 388,298
 
    9,959,748
IT Services - 3.77%    
Acxiom Corp. (I) 4,802 51,093
Alliance Data Systems Corp. (I) 29,110 2,698,497
Cardtronics, Inc. (I) 2,166 49,645
Cass Information Systems, Inc. 474 14,718
Ciber, Inc. (I) 2,602 7,884
CSG Systems International, Inc. (I) 2,048 25,887
DST Systems, Inc. 1,100 48,213
Echo Global Logistics, Inc. (I) 655 8,712
Euronet Worldwide, Inc. (I) 2,727 42,923
ExlService Holdings, Inc. (I) 966 21,252
Forrester Research, Inc. 941 30,592
Gartner, Inc. (I)(L) 5,180 180,627
Heartland Payment Systems, Inc. 2,281 44,981
iGate Corp. (I) 1,837 21,199
Jack Henry & Associates, Inc. 4,853 140,640
Lender Processing Services, Inc. 1,789 24,491
ManTech International Corp., Class A 1,383 43,399
MAXIMUS, Inc. 2,054 71,685
NCI, Inc. (I) 452 5,392
NeuStar, Inc., Class A (I) 25,523 641,648
Sapient Corp. 6,530 66,214
Syntel, Inc. 988 42,672
TeleTech Holdings, Inc. (I) 28,740 437,998
TNS, Inc. (I) 979 18,405
Unisys Corp. (I) 2,292 35,961
VeriFone Systems, Inc. (I) 57,500 2,013,650
Virtusa Corp. (I) 978 12,910
Wright Express Corp. (I) 14,064 534,995
 
    7,336,283
Office Electronics - 0.05%    
Zebra Technologies Corp., Class A (I) 3,233 100,029
Semiconductors & Semiconductor Equipment - 3.75%  
Anadigics, Inc. (I) 3,990 8,618
Applied Micro Circuits Corp. (I) 3,749 20,132
Cabot Microelectronics Corp. (I) 1,392 47,871
Cavium Inc. (I) 2,723 73,548
Ceva, Inc. (I) 1,363 33,135
Cirrus Logic, Inc. (I)(L) 3,723 54,877
CSR PLC, ADR (I) 200 2,668
Cymer, Inc. (I) 1,716 63,801
Cypress Semiconductor Corp. (I) 3,306 49,491
Diodes, Inc. (I)(L) 2,143 38,403
Energy Conversion Devices, Inc. (I)(L) 1,554 824
Entropic Communications, Inc. (I)(L) 4,563 18,845
EZchip Semiconductor, Ltd. (I) 17,000 564,740
Fairchild Semiconductor International, Inc. (I) 95,800 1,034,640
FormFactor, Inc. (I) 1,049 6,535
GT Advanced Technologies Inc. (I)(L) 7,450 52,299
Hittite Microwave Corp. (I) 1,669 81,280
Integrated Device Technology, Inc. (I) 4,384 22,578
IXYS Corp. (I) 1,479 16,092
Kopin Corp. (I) 3,629 12,447
Lattice Semiconductor Corp. (I) 32,181 168,950
Maxlinear, Inc., Class A (I) 998 6,447
Mellanox Technologies, Ltd. (I) 13,702 427,776
Micrel, Inc. 3,127 29,613

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Microsemi Corp. (I) 5,112 $ 81,690
MIPS Technologies, Inc. (I) 38,919 188,368
Monolithic Power Systems, Inc. (I) 151,497 1,542,239
Netlogic Microsystems, Inc. (I) 3,638 175,024
Nova Measuring Instruments, Ltd. (I) 26,600 142,842
NVE Corp. (I)(L) 6,114 370,875
Omnivision Technologies, Inc. (I) 10,611 148,978
Pericom Semiconductor Corp. (I) 494 3,661
PMC-Sierra, Inc. (I) 4,834 28,907
Power Integrations, Inc. (L) 1,706 52,221
Rambus, Inc. (I) 5,734 80,276
Rubicon Technology, Inc. (I) 1,091 11,925
Semtech Corp. (I) 2,510 52,961
Sigma Designs, Inc. (I)(L) 894 7,009
Silicon Image, Inc. (I) 71,471 419,535
Silicon Laboratories, Inc. (I) 2,503 83,876
Standard Microsystems Corp. (I) 1,362 26,423
SunPower Corp., Class A (I) 876 7,087
SunPower Corp., Class B (I) 497 3,653
Teradyne, Inc. (I)(L) 10,973 120,813
Tessera Technologies, Inc. (I) 3,025 36,119
TriQuint Semiconductor, Inc. (I) 98,728 495,615
Ultratech, Inc. (I) 1,488 25,519
Varian Semiconductor    
Equipment Associates, Inc. (I) 4,463 272,912
Veeco Instruments, Inc. (I) 2,407 58,731
Volterra Semiconductor Corp. (I) 1,453 27,941
 
    7,300,810
Software - 5.40%    
Accelrys, Inc. (I) 3,278 19,865
ACI Worldwide, Inc. (I) 23,360 643,334
Actuate Corp. (I) 2,450 13,524
Advent Software, Inc. (I) 2,016 42,034
Ariba, Inc. (I) 5,714 158,335
Aspen Technology, Inc. (I) 2,645 40,389
Blackbaud, Inc. 2,633 58,637
Blackboard, Inc. (I) 2,076 92,714
Bottomline Technologies, Inc. (I) 2,014 40,562
BroadSoft, Inc. (I)(L) 21,395 649,338
Cadence Design Systems, Inc. (I) 15,915 147,055
Clicksoftware Technologies, Ltd. 60,759 473,313
CommVault Systems, Inc. (I) 19,006 704,362
Compuware Corp. (I) 4,520 34,623
Concur Technologies, Inc. (I) 2,712 100,941
Deltek, Inc. (I) 603 3,624
DemandTec, Inc. (I) 1,911 12,498
Ebix, Inc. (I)(L) 2,336 34,339
EPIQ Systems, Inc. 1,886 23,632
Fortinet, Inc. (I) 5,342 89,746
Interactive Intelligence Group (I) 21,777 591,246
Kenexa Corp. (I) 1,484 23,210
Manhattan Associates, Inc. (I) 1,286 42,541
MICROS Systems, Inc. (I) 4,800 210,768
MicroStrategy, Inc., Class A (I) 474 54,069
Monotype Imaging Holdings, Inc. (I) 24,016 291,314
Motricity, Inc. (I)(L) 1,373 2,320
Netscout Systems, Inc. (I) 21,216 242,287
NetSuite, Inc. (I) 1,368 36,950
NICE Systems, Ltd., ADR (I) 18,663 566,422
Opnet Technologies, Inc. 19,972 697,223
Parametric Technology Corp. (I) 7,048 108,398
Pegasystems, Inc. 995 30,457
Progress Software Corp. (I) 17,596 308,810
PROS Holdings, Inc. (I) 1,188 15,313

 

344

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
QLIK Technologies, Inc. (I) 4,294 $ 93,008
Quest Software, Inc. (I) 3,709 58,899
RealD, Inc. (I) 2,125 19,869
RealPage, Inc. (I) 2,058 42,086
Renaissance Learning, Inc. 218 3,658
Rosetta Stone, Inc. (I) 684 6,259
Rovi Corp. (I) 51,280 2,204,014
S1 Corp. (I) 3,004 27,547
Seachange International, Inc. (I) 1,521 11,712
Smith Micro Software, Inc. (I) 1,910 2,903
SolarWinds, Inc. (I) 3,010 66,280
Solera Holdings, Inc. 4,181 211,141
Sourcefire, Inc. (I) 16,318 436,670
SS&C Technologies Holdings, Inc. (I) 2,016 28,809
SuccessFactors, Inc. (I)(L) 4,208 96,742
Synchronoss Technologies, Inc. (I) 1,568 39,059
Taleo Corp. (I) 2,430 62,500
TeleCommunication Systems, Inc. (I) 3,025 10,436
TeleNav, Inc. (I) 491 4,355
TiVo, Inc. (I) 4,586 42,833
Tyler Technologies, Inc. (I) 1,612 40,751
Ultimate Software Group, Inc. (I) 6,395 298,774
VASCO Data Security International, Inc. (I) 1,787 9,132
Verint Systems, Inc. (I) 1,133 29,787
VirnetX Holding Corp. (I)(L) 2,059 30,864
Websense, Inc. (I) 2,364 40,897
 
    10,523,178
    44,525,837
Materials - 3.87%    
Chemicals - 2.61%    
Balchem Corp. 9,297 346,871
Calgon Carbon Corp. (I)(L) 3,342 48,693
Ferro Corp. (I) 4,579 28,161
FMC Corp. 23,270 1,609,353
Georgia Gulf Corp. (I) 704 9,736
Hawkins, Inc. 519 16,525
Innospec, Inc. (I) 1,262 30,553
Intrepid Potash, Inc. (I) 18,694 464,920
Koppers Holdings, Inc. 1,219 31,219
Kraton Performance Polymers, Inc. (I) 19,825 320,769
Kronos Worldwide, Inc. (L) 28,256 454,356
LSB Industries, Inc. (I) 1,047 30,017
NewMarket Corp. (L) 4,405 668,987
Olin Corp. 1,650 29,717
Omnova Solutions, Inc. (I) 2,409 8,624
PolyOne Corp. 3,592 38,470
Rockwood Holdings, Inc. (I) 3,843 129,471
Sensient Technologies Corp. 16,682 542,999
Solutia, Inc. (I) 7,213 92,687
Stepan Company 168 11,286
STR Holdings, Inc. (I)(L) 1,719 13,941
W.R. Grace & Company (I) 4,346 144,722
Zoltek Companies, Inc. (I)(L) 1,729 11,117
 
    5,083,194
Construction Materials - 0.01%    
Headwaters, Inc. (I) 1,774 2,555
Texas Industries, Inc. (I)(L) 375 11,903
United States Lime & Minerals, Inc. (I) 133 5,307
 
    19,765
Containers & Packaging - 0.26%    
Graphic Packaging Holding Company (I) 3,993 13,776

 

Smaller Company Growth Trust (continued)
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Containers & Packaging (continued)    
Silgan Holdings, Inc. 13,192 $ 484,674
 
    498,450
Metals & Mining - 0.70%    
AK Steel Holding Corp. (L) 2,284 14,937
Allied Nevada Gold Corp. (I) 5,015 179,587
General Moly, Inc. (I)(L) 3,490 10,121
Globe Specialty Metals, Inc. 3,560 51,691
Gold Resource Corp. (L) 1,882 31,335
Golden Minerals Company (I) 656 4,881
Haynes International, Inc. 361 15,685
Hecla Mining Company (I) 5,782 30,992
Materion Corp. (I) 1,161 26,331
Metals USA Holdings Corp. (I) 378 3,383
Paramount Gold and Silver Corp. (I)(L) 6,045 14,266
Royal Gold, Inc. 1,527 97,820
RTI International Metals, Inc. (I)(L) 17,423 406,304
Schnitzer Steel Industries, Inc. 1,435 52,808
Stillwater Mining Company (I)(L) 42,277 359,355
US Gold Corp. (I)(L) 7,023 28,162
Worthington Industries, Inc. 2,285 31,921
 
    1,359,579
Paper & Forest Products - 0.29%    
Buckeye Technologies, Inc. 18,374 442,997
Clearwater Paper Corp. (I) 1,363 46,315
Deltic Timber Corp. 411 24,528
KapStone Paper and Packaging Corp. (I) 2,321 32,239
Mercer International, Inc. (I) 711 4,835
Schweitzer-Mauduit International, Inc. 363 20,281
 
    571,195
 
    7,532,183
Telecommunication Services - 4.02%    
Diversified Telecommunication Services - 1.81%    
AboveNet, Inc. 12,179 652,794
Alaska Communications    
Systems Group, Inc. (L) 2,673 17,535
Atlantic Tele-Network, Inc. 296 9,732
Cbeyond, Inc. (I) 38,499 271,803
Cogent Communications Group, Inc. (I) 158,664 2,134,031
General Communication, Inc., Class A (I) 1,921 15,752
Global Crossing, Ltd. (I) 1,989 47,557
Iridium Communications, Inc. (I)(L) 819 5,078
Level 3 Communications, Inc. (I) 100,845 150,259
Neutral Tandem, Inc. (I) 1,752 16,959
PAETEC Holding Corp. (I) 5,022 26,566
Premiere Global Services, Inc. (I) 1,909 12,256
TW Telecom, Inc. (I) 8,470 139,924
Vonage Holdings Corp. (I) 8,599 22,357
 
    3,522,603
Wireless Telecommunication Services - 2.21%    
Leap Wireless International, Inc. (I) 1,860 12,834
NII Holdings, Inc. (I) 57,070 1,538,037
NTELOS Holdings Corp. 654 11,595
SBA Communications Corp., Class A (I) 79,140 2,728,747
Shenandoah Telecommunications Company 1,336 14,883
 
    4,306,096
 
    7,828,699
Utilities - 0.25%    
Electric Utilities - 0.12%    
ITC Holdings Corp. 3,020 233,839

 

345

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Smaller Company Growth Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Independent Power Producers & Energy Traders - 0.03%    
Dynegy, Inc. (I)(L)   2,024 $ 8,339
GenOn Energy, Inc. (I)   15,978 44,419
 
      52,758
Multi-Utilities - 0.10%      
Avista Corp.   8,750 208,682
 
      495,279
TOTAL COMMON STOCKS (Cost $200,834,056) $ 188,689,161
 
CORPORATE BONDS - 0.00%      
Financials - 0.00%      
GAMCO Investors, Inc. Zero      
Coupon 12/31/2015 (Z) $ 400 $ 272
TOTAL CORPORATE BONDS (Cost $319) $ 272
 
SECURITIES LENDING COLLATERAL - 14.68%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   2,857,790 28,592,761
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $28,594,157)   $ 28,592,761
 
SHORT-TERM INVESTMENTS - 3.38%    
U.S. Government & Agency      
Obligations - 0.41%      
Federal Home Loan Bank Discount Note,      
0.001%, 11/14/2011 $ 200,000 $ 200,000
Federal Home Loan Mortgage Corp.      
Discount Note      
0.005%, 11/18/2011   250,000 249,998
0.035%, 12/05/2011   119,000 118,992
Federal National Mortgage Association      
Discount Note      
0.001%, 11/15/2011   131,000 131,000
0.010%, 12/21/2011   100,000 99,998
 
      799,988
Money Market Funds - 0.78%      
State Street Institutional Liquid Reserves      
Fund, 0.0927% (Y)   1,518,196 1,518,196
Repurchase Agreement - 2.19%      
Repurchase Agreement with State Street Corp.    
dated 09/30/2011 at 0.010% to be      
repurchased at $4,267,004 on 10/03/2011,    
collateralized by $170,000 U.S. Treasury      
Notes, 4.500% due 08/15/2039 (valued at    
$202,788, including interest) and $4,130,000    
Federal Home Loan Mortgage Corporation,    
0.780% due 09/08/2014 (valued at      
$4,132,383, including interest)   4,267,000 4,267,000
TOTAL SHORT-TERM INVESTMENTS (Cost $6,585,184) $ 6,585,184
Total Investments (Smaller Company Growth Trust)    
(Cost $236,013,716) - 114.94%   $ 223,867,378
Other assets and liabilities, net - (14.94%)   (29,092,773)
TOTAL NET ASSETS - 100.00%   $ 194,774,605

 

Strategic Allocation Trust      
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 8.60%      
U.S. Government Agency - 8.60%      
Federal Home Loan Bank      
1.050%, 11/25/2013 $ 500,000 $ 500,543
Tennessee Valley Authority      
7.140%, 05/23/2012   2,000,000 2,087,048
 
      2,587,591
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $2,521,056)   $ 2,587,591
 
CORPORATE BONDS - 38.21%      
Consumer Discretionary - 3.24%      
AOL Time Warner, Inc.      
6.875%, 05/01/2012   100,000 103,250
AutoZone, Inc.      
5.875%, 10/15/2012   100,000 104,484
Comcast Cable Communications      
Holdings, Inc.      
8.375%, 03/15/2013   100,000 109,880
Comcast Cable Holdings LLC      
9.800%, 02/01/2012   125,000 128,373
News America Holdings, Inc.      
9.250%, 02/01/2013   200,000 218,491
Time Warner Cable, Inc.      
5.400%, 07/02/2012   100,000 103,220
Viacom, Inc.      
5.625%, 08/15/2012   100,000 103,531
Whirlpool Corp.      
8.000%, 05/01/2012   100,000 103,848
 
      975,077
Consumer Staples - 2.82%      
Anheuser-Busch Companies Inc,      
4.700%, 04/15/2012   175,000 178,627
Dr. Pepper Snapple Group, Inc.      
1.700%, 12/21/2011   125,000 125,229
General Mills Inc.      
6.000%, 02/15/2012   125,000 127,350
Kellogg Co.      
5.125%, 12/03/2012   200,000 209,587
Kraft Foods, Inc.      
6.250%, 06/01/2012   100,000 103,543
The Kroger Company      
6.200%, 06/15/2012   100,000 103,414
 
      847,750
Energy - 4.18%      
Anadarko Petroleum Corp.      
5.000%, 10/01/2012   125,000 128,927
Energy Transfer Partners LP      
5.650%, 08/01/2012   200,000 206,154
Enterprise Products Operating LLC      
4.600%, 08/01/2012   225,000 230,884
Husky Energy, Inc.      
6.250%, 06/15/2012   125,000 129,388
Kinder Morgan Energy Partners LP      
7.125%, 03/15/2012   200,000 205,130
Plains All American Pipeline LP/PAA      
Finance Corp.      
4.250%, 09/01/2012   250,000 257,014
PPL Energy Supply LLC      
6.400%, 11/01/2011   100,000 100,403
 
      1,257,900

 

346

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Allocation Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials - 15.77%      
American Express Bank FSB      
0.375%, 06/12/2012 (P) $ 125,000 $ 124,598
American Express Centurion Bank      
5.550%, 10/17/2012   100,000 104,209
American Honda Finance Corp.      
2.375%, 03/18/2013 (S)   300,000 304,200
American International Group, Inc.      
4.950%, 03/20/2012   100,000 100,500
ANZ National International, Ltd.      
2.375%, 12/21/2012 (S)   125,000 125,739
Aon Corpaon Corp.      
7.375%, 12/14/2012   100,000 107,222
Bank of America Corp.      
4.875%, 01/15/2013   100,000 99,659
6.250%, 04/15/2012   125,000 126,122
Bank One Corp.      
5.250%, 01/30/2013   200,000 207,384
Barclays Bank PLC      
5.450%, 09/12/2012   100,000 102,503
BB&T Corp.      
3.850%, 07/27/2012   300,000 306,806
BNP Paribas / BNP Paribas US Medium-Term    
Note Program LLC      
1.337%, 06/11/2012 (P)   100,000 99,817
Capital One Financial Corp.      
4.800%, 02/21/2012   125,000 126,470
Citigroup, Inc.      
5.300%, 10/17/2012   100,000 102,481
6.000%, 02/21/2012   100,000 101,559
Credit Suisse New York      
3.450%, 07/02/2012   125,000 126,966
ERAC USA Finance LLC      
5.800%, 10/15/2012 (S)   250,000 260,495
General Electric Capital Corp.      
0.636%, 06/08/2012 (P)   125,000 125,345
2.800%, 01/08/2013   100,000 101,729
Goldman Sachs Group Inc.      
5.700%, 09/01/2012   100,000 102,653
Hartford Financial Services Group, Inc.      
5.250%, 10/15/2011   100,000 100,119
HSBC Finance Corp.      
7.000%, 05/15/2012   100,000 102,952
Jefferies Group, Inc.      
7.750%, 03/15/2012   250,000 256,071
JPMorgan Chase & Company      
5.250%, 11/02/2012   100,000 101,830
Metropolitan Life Global Funding I      
2.500%, 01/11/2013 (S)   300,000 303,212
Morgan Stanley Dean Witter      
6.600%, 04/01/2012   100,000 102,172
Prudential Financial, Inc.      
5.150%, 01/15/2013   100,000 103,754
5.800%, 06/15/2012   100,000 102,633
The Goldman Sachs Group, Inc.      
6.600%, 01/15/2012   100,000 101,437
Toyota Motor Credit Corp.      
1.900%, 12/05/2012   250,000 252,462
Travelers Companies, Inc.      
5.375%, 06/15/2012   250,000 256,880
Wachovia Corp      
0.383%, 04/23/2012 (P)   105,000 105,014
 
      4,744,993

 

Strategic Allocation Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Health Care - 2.85%      
Cardinal Health Inc.      
5.650%, 06/15/2012 $ 128,000 $ 132,063
Express Scripts, Inc.      
5.250%, 06/15/2012   250,000 256,705
Medco Health Solutions, Inc.      
6.125%, 03/15/2013   250,000 265,353
Teva Pharmaceutical Finance III LLC      
1.500%, 06/15/2012   100,000 100,572
Wellpoint Health Networks, Inc.      
6.375%, 01/15/2012   100,000 101,579
 
      856,272
Industrials - 1.48%      
CSX Corp.      
6.300%, 03/15/2012   175,000 179,083
Union Pacific Corp., Sr Bond      
5.450%, 01/31/2013   250,000 264,925
 
      444,008
Information Technology - 2.24%      
Hewlett-Packard Company      
4.500%, 03/01/2013   300,000 312,990
6.500%, 07/01/2012   100,000 103,702
Xerox Corp.      
5.500%, 05/15/2012   250,000 256,931
 
      673,623
Materials - 1.47%      
Ei Du Pont De Nemours & Co.      
4.125%, 03/06/2013   300,000 312,665
The Dow Chemical Company      
4.850%, 08/15/2012   125,000 128,700
 
      441,365
Telecommunication Services - 3.01%      
AT&T, Inc.      
4.950%, 01/15/2013   200,000 209,484
BellSouth Corp.      
6.000%, 10/15/2011   125,000 125,168
COX Communications, Inc.      
7.125%, 10/01/2012   200,000 211,858
Qwest Corp.      
8.875%, 03/15/2012   125,000 129,219
Verizon Global Funding Corp.      
6.875%, 06/15/2012   100,000 104,055
Vodafone Group PLC      
5.350%, 02/27/2012   125,000 127,255
 
      907,039
Utilities - 1.15%      
Cincinnati Gas & Electric Co.      
5.700%, 09/15/2012   132,000 137,883
Dominion Resources, Inc.      
5.700%, 09/17/2012   200,000 208,771
 
      346,654
TOTAL CORPORATE BONDS (Cost $11,601,789) $ 11,494,681
 
SHORT-TERM INVESTMENTS - 20.60%    
U.S. Government* - 20.60%      
U.S. Treasury Bill      
0.005%, 10/13/2011   500,000 499,989
0.021%, 02/16/2012   2,250,000 2,249,768
0.041%, 03/15/2012   1,200,000 1,199,773
0.056%, 03/01/2012   1,250,000 1,249,704

 

347

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Allocation Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS (continued)    
U.S. Government* (continued)      
U.S. Treasury Bill (continued)      
0.061%, 02/16/2012 $ 1,000,000 $ 999,692
      6,198,926
TOTAL SHORT-TERM INVESTMENTS (Cost $6,198,931) $ 6,198,926
Total Investments (Strategic Allocation Trust)    
(Cost $20,321,776) - 67.41%   $ 20,281,198
Other assets and liabilities, net - 32.59%     9,805,267
TOTAL NET ASSETS - 100.00%   $ 30,086,465
 
 
 
Strategic Income Opportunities Trust  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 24.39%      
Argentina - 0.95%      
Provincia de Buenos Aires      
10.875%, 01/26/2021 (S) $ 575,000 $ 419,750
11.750%, 10/05/2015 (S)   1,960,000 1,685,600
Provincia de Cordoba      
12.375%, 08/17/2017 (S)   635,000 558,800
Provincia de Neuquen Argentina      
7.875%, 04/26/2021 (S)   1,025,000 963,500
Republic of Argentina      
7.000%, 10/03/2015   320,000 268,800
 
      3,896,450
Australia - 1.48%      
New South Wales Treasury Corp.      
6.000%, 04/01/2016 to 05/01/2020 AUD 5,105,000 5,322,045
New South Wales Treasury Corp.,      
Series 12      
6.000%, 05/01/2012   774,000 756,100
 
      6,078,145
Brazil - 0.42%      
Federative Republic of Brazil      
10.250%, 01/10/2028 BRL 3,100,000 1,731,152
Canada - 1.15%      
Province of Ontario      
6.250%, 06/16/2015 NZD 5,777,000 4,727,688
Indonesia - 2.89%      
Republic of Indonesia      
8.250%, 07/15/2021 IDR 23,520,000,000 2,935,189
9.500%, 06/15/2015 to 07/15/2031   47,820,000,000 6,101,699
10.000%, 07/15/2017   10,880,000,000 1,443,177
12.500%, 03/15/2013   7,635,000,000 955,267
14.250%, 06/15/2013   3,250,000,000 422,636
 
      11,857,968
Malaysia - 1.00%      
Government of Malaysia      
3.835%, 08/12/2015 MYR 12,850,000 4,089,391
Mexico - 0.86%      
Government of Mexico      
7.500%, 06/21/2012 MXN 48,107,200 3,541,976
New Zealand - 2.04%      
Dominion of New Zealand      
6.000%, 05/15/2021 NZD 2,700,000 2,301,519

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
New Zealand (continued)      
Government of New Zealand, Series 1217      
6.000%, 12/15/2017 NZD 7,160,000 $ 6,059,236
 
      8,360,755
Norway - 1.45%      
Government of Norway      
4.500%, 05/22/2019 NOK 9,087,000 1,791,836
5.000%, 05/15/2015   18,498,000 3,515,584
6.500%, 05/15/2013   3,400,000 624,946
 
      5,932,366
Peru - 0.09%      
Republic of Peru      
7.350%, 07/21/2025 $ 280,000 348,600
Philippines - 3.06%      
Republic of Philippines      
4.950%, 01/15/2021 PHP 33,000,000 722,642
5.875%, 12/16/2020   127,403,440 2,932,893
6.250%, 01/14/2036   43,000,000 931,101
6.500%, 04/28/2021   91,000,000 2,149,002
8.125%, 12/16/2035   230,634,520 5,800,781
 
      12,536,419
Singapore - 2.83%      
Republic of Singapore      
1.375%, 10/01/2014 SGD 6,500,000 5,134,776
2.375%, 04/01/2017   2,800,000 2,326,137
2.875%, 07/01/2015   2,850,000 2,378,497
3.250%, 09/01/2020   2,030,000 1,766,496
 
      11,605,906
South Korea - 4.06%      
Republic of Korea      
2.440%, 05/25/2012   750,000 576,880
3.500%, 06/10/2014 KRW 1,100,000,000 932,221
4.000%, 03/10/2016   2,100,000,000 1,807,203
4.250%, 06/10/2021   4,000,000,000 3,481,492
Republic of Korea, Series 1212      
4.250%, 12/10/2012   8,330,000,000 7,128,763
Republic of Korea, Series 1809      
5.750%, 09/10/2018   2,890,000,000 2,735,464
 
      16,662,023
Sweden - 2.03%      
Kingdom of Sweden      
3.750%, 08/12/2017 SEK 21,250,000 3,467,156
Kingdom of Sweden, Series 1047      
5.000%, 12/01/2020   17,300,000 3,217,797
Svensk Exportkredit AB      
7.625%, 06/30/2014 NZD 1,975,000 1,646,687
 
      8,331,640
Ukraine - 0.08%      
Government of Ukraine      
7.950%, 02/23/2021 (S) $ 380,000 343,900
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $98,901,122)   $ 100,044,379
 
CORPORATE BONDS - 50.26%      
Consumer Discretionary - 7.83%      
Allison Transmission, Inc.      
7.125%, 05/15/2019 (S)   855,000 773,775
11.000%, 11/01/2015 (S)   1,000,000 1,035,000
Allison Transmission, Inc., PIK      
11.250%, 11/01/2015 (S)   1,000,600 1,056,884

 

348

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
AMC Entertainment, Inc.      
8.750%, 06/01/2019 $ 495,000 $ 486,337
9.750%, 12/01/2020   1,160,000 1,049,800
Ameristar Casinos, Inc.      
7.500%, 04/15/2021 (S)   320,000 309,600
Arcos Dorados Holdings, Inc.      
10.250%, 07/13/2016 (S)   1,415,000 737,501
Automotores Gildemeister SA      
8.250%, 05/24/2021 (S)   760,000 720,100
Beazer Homes USA, Inc.      
9.125%, 05/15/2019   330,000 209,550
CCH II LLC/CCH II Capital Corp.      
13.500%, 11/30/2016   1,515,720 1,727,921
CCM Merger, Inc.      
8.000%, 08/01/2013 (S)   1,517,000 1,433,564
CCO Holdings LLC/CCO      
Holdings Capital Corp.      
7.000%, 01/15/2019   415,000 402,550
7.000%, 01/15/2019 (S)   245,000 237,038
Chrysler Group LLC/CG Company-      
Issuer, Inc.      
8.250%, 06/15/2021 (S)   370,000 284,900
Cinemark USA, Inc.      
7.375%, 06/15/2021   560,000 529,200
Clear Channel Communications, Inc.      
9.000%, 03/01/2021   475,000 352,688
10.750%, 08/01/2016   1,685,000 871,988
Clear Channel Communications, Inc., PIK      
11.000%, 08/01/2016   1,011,255 510,684
Empire Today LLC/Empire Today      
Finance Corp.      
11.375%, 02/01/2017 (S)   820,000 750,300
Exide Technologies      
8.625%, 02/01/2018   710,000 660,300
Fontainebleau Las Vegas Holdings LLC      
10.250%, 06/15/2015 (H)(S)   1,450,000 1,813
Gymboree Corp.      
9.125%, 12/01/2018   455,000 336,700
Hillman Group, Inc.      
10.875%, 06/01/2018   130,000 128,700
10.875%, 06/01/2018 (S)   100,000 99,000
Hyundai Capital America      
3.750%, 04/06/2016 (S)   315,000 311,362
Jacobs Entertainment, Inc.      
9.750%, 06/15/2014   1,640,000 1,603,100
Landry’s Holdings, Inc.      
11.500%, 06/01/2014 (S)   1,290,000 1,193,250
Landry’s Restaurants, Inc.      
11.625%, 12/01/2015 (S)   215,000 216,075
11.625%, 12/01/2015   365,000 366,825
Lear Corp., Series B, Escrow Certificates      
8.750%, 12/01/2016 (I)   1,415,000 38,913
Little Traverse Bay Bands of Odawa      
Indians      
9.000%, 08/31/2020 (S)   520,000 421,200
Macy’s Retail Holdings, Inc.      
7.875%, 08/15/2036   695,000 758,876
Mandalay Resort Group      
6.375%, 12/15/2011   555,000 549,450
Mashantucket Western Pequot Tribe,      
Series A      
8.500%, 11/15/2015 (H)(S)   3,075,000 165,281
MGM Resorts International      
6.750%, 09/01/2012   5,000 4,900

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Discretionary (continued)      
Mohegan Tribal Gaming Authority      
7.125%, 08/15/2014 $ 1,875,000 $ 937,500
8.000%, 04/01/2012   655,000 432,300
Nexstar Broadcasting, Inc.      
7.000%, 01/15/2014   264,000 250,800
Nexstar Broadcasting, Inc., PIK      
7.000%, 01/15/2014   805,996 765,696
Radio One, Inc., PIK      
15.000%, 05/24/2016   346,669 310,267
Regal Cinemas Corp.      
8.625%, 07/15/2019   440,000 447,700
Regal Entertainment Group      
9.125%, 08/15/2018   305,000 301,950
Shaw Communications, Inc.      
5.500%, 12/07/2020 CAD 555,000 550,943
6.500%, 06/02/2014   325,000 341,010
Simmons Foods, Inc.      
10.500%, 11/01/2017 (S)   955,000 826,075
Sirius XM Radio, Inc.      
8.750%, 04/01/2015 (S)   1,590,000 1,721,175
Sonic Automotive, Inc.      
9.000%, 03/15/2018   70,000 70,175
Standard Pacific Corp.      
8.375%, 05/15/2018   65,000 55,250
SuperMedia, Inc., Escrow Certificates      
8.000%, 11/15/2016 (I)   2,685,000 0
Tenneco, Inc.      
6.875%, 12/15/2020   555,000 538,350
The Goodyear Tire & Rubber Company      
10.500%, 05/15/2016   318,000 344,235
Videotron Ltee      
7.125%, 01/15/2020 (S)   420,000 409,623
Waterford Gaming LLC      
8.625%, 09/15/2014 (S)   2,561,199 901,150
WMG Acquisition Corp.      
11.500%, 10/01/2018 (S)   1,090,000 1,002,800
XM Satellite Radio, Inc.      
13.000%, 08/01/2013 (S)   1,420,000 1,590,400
 
      32,132,524
Consumer Staples - 2.73%      
Anheuser-Busch InBev Worldwide, Inc.      
9.750%, 11/17/2015 BRL 2,111,000 1,145,178
B&G Foods, Inc.      
7.625%, 01/15/2018 $ 180,000 185,850
Corp. Pesquera Inca SAC      
9.000%, 02/10/2017 (S)   375,000 375,000
Del Monte Foods Company      
7.625%, 02/15/2019 (S)   375,000 316,875
Diversey, Inc.      
8.250%, 11/15/2019   535,000 637,988
Grupo Bimbo SAB de CV      
4.875%, 06/30/2020 (S)   230,000 231,150
JBS Finance II, Ltd.      
8.250%, 01/29/2018 (S)   1,180,000 973,500
Marfrig Holding Europe BV      
8.375%, 05/09/2018 (S)   900,000 567,000
Revlon Consumer Products Corp.      
9.750%, 11/15/2015   505,000 528,988
Reynolds Group Issuer, Inc./Reynolds      
Group Issuer LLC      
9.000%, 05/15/2018 (S)   565,000 477,425
Viterra, Inc.      
8.500%, 07/07/2014 CAD 5,210,000 5,195,582

 

349

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Yankee Candle Company, Inc.      
8.500%, 02/15/2015 $ 90,000 $ 86,400
Yankee Candle Company, Inc., Series B      
9.750%, 02/15/2017   500,000 461,250
 
      11,182,186
Energy - 4.78%      
Alpha Natural Resources, Inc.      
6.000%, 06/01/2019   145,000 135,213
6.250%, 06/01/2021   1,125,000 1,050,469
Arch Coal, Inc.      
7.000%, 06/15/2019 (S)   170,000 161,500
Bumi Investment Pte, Ltd.      
10.750%, 10/06/2017 (S)   1,345,000 1,223,950
Calfrac Holdings LP      
7.500%, 12/01/2020 (S)   900,000 850,500
Drummond Company, Inc.      
7.375%, 02/15/2016   1,700,000 1,721,250
Energy Future Holdings Corp., PIK      
11.250%, 11/01/2017   7,317 6,110
Energy Partners, Ltd.      
8.250%, 02/15/2018   385,000 354,200
Forbes Energy Services, Ltd.      
9.000%, 06/15/2019 (S)   450,000 416,250
Harvest Operations Corp.      
6.875%, 10/01/2017 (S)   80,000 80,000
Inkia Energy, Ltd.      
8.375%, 04/04/2021 (S)   1,400,000 1,372,000
MarkWest Energy Partners LP/MarkWest      
Energy Finance Corp.      
6.500%, 08/15/2021   495,000 507,375
McMoRan Exploration Company      
11.875%, 11/15/2014   1,505,000 1,550,150
Niska Gas Storage US LLC/Niska Gas      
Storage Canada ULC      
8.875%, 03/15/2018   560,000 554,400
Offshore Group Investments, Ltd.      
11.500%, 08/01/2015   2,570,000 2,647,100
OGX Petroleo e Gas Participacoes SA      
8.500%, 06/01/2018 (S)   1,760,000 1,575,200
Overseas Shipholding Group, Inc.      
8.125%, 03/30/2018   200,000 166,000
Pan American Energy LLC      
7.875%, 05/07/2021 (S)   160,000 160,192
Pertamina Persero PT      
5.250%, 05/23/2021 (S)   565,000 542,400
6.500%, 05/27/2041 (S)   400,000 380,000
PHI, Inc.      
8.625%, 10/15/2018   725,000 714,125
RDS Ultra-Deepwater, Ltd.      
11.875%, 03/15/2017 (S)   340,000 356,150
Reliance Holdings USA, Inc.      
4.500%, 10/19/2020 (S)   250,000 229,712
Targa Resources Partners LP      
8.250%, 07/01/2016   845,000 878,800
Trinidad Drilling, Ltd.      
7.875%, 01/15/2019 (S)   435,000 432,824
W&T Offshore, Inc.      
8.500%, 06/15/2019 (S)   805,000 780,850
Westmoreland Coal      
Company/Westmoreland Partners      
10.750%, 02/01/2018   790,000 774,200
 
      19,620,920

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials - 17.91%      
Affinion Group Holdings, Inc.      
11.625%, 11/15/2015 $ 790,000 $ 608,300
American International Group, Inc.      
(8.175% to 05/15/2038, then 3 month      
LIBOR + 4.195%)      
05/15/2058   2,165,000 1,910,613
Ameriprise Financial, Inc. (7.518% to      
06/01/2016, then 3 month      
LIBOR + 2.905%)      
06/01/2066   130,000 130,000
Banco Continental SA (7.375% to      
10/07/2020, then 3 month      
LIBOR + 6.802%)      
10/07/2040 (S)   505,000 512,006
Banco de Galicia y Buenos Aires      
8.750%, 05/04/2018 (S)   950,000 874,000
Banco Safra SA      
10.250%, 08/08/2016 (S) BRL 850,000 429,460
BanColombia SA      
5.950%, 06/03/2021 (S) $ 850,000 822,374
CapitaMalls Asia Treasury, Ltd.      
3.950%, 08/24/2017 SGD 3,250,000 2,569,324
Chubb Corp. (6.375% until 04/15/2017,      
then 3 month LIBOR + 2.250%)      
03/29/2067 $ 780,000 755,625
Citizens Republic Bancorp, Inc.      
5.750%, 02/01/2013   500,000 451,441
Corp Andina de Fomento      
3.750%, 01/15/2016   250,000 253,118
Council of Europe Development Bank      
5.250%, 05/27/2013 AUD 1,680,000 1,650,734
Country Garden Holdings Company      
11.125%, 02/23/2018 (S) $ 330,000 250,800
Crown Castle Towers LLC      
4.883%, 08/15/2020 (S)   270,000 281,398
DuPont Fabros Technology LP      
8.500%, 12/15/2017   395,000 408,825
E*Trade Financial Corp.      
6.750%, 06/01/2016   590,000 588,525
Emeralds      
0.498%, 08/04/2020 (H)(P)(S)   104,967 94,470
Eurofima      
6.000%, 01/28/2014 AUD 1,395,000 1,398,359
European Bank for Reconstruction &      
Development      
9.250%, 09/10/2012 BRL 14,060,000 7,552,506
European Investment Bank      
4.250%, 02/04/2015 NOK 6,400,000 1,143,257
5.375%, 05/20/2014 AUD 3,030,000 3,000,928
7.000%, 01/18/2012 NZD 1,450,000 1,116,444
Export-Import Bank of Korea      
6.500%, 01/25/2012 (S) INR 38,100,000 784,405
First Tennessee Bank NA      
5.050%, 01/15/2015 $ 618,000 637,080
General Electric Capital      
Australia Funding Pty, Ltd.      
6.000%, 05/15/2013 AUD 580,000 567,036
6.500%, 11/15/2011   1,810,000 1,753,067
7.000%, 10/08/2015   2,800,000 2,817,217
General Electric Capital Corp.      
4.875%, 04/05/2016 SEK 10,000,000 1,505,283
General Electric Capital Corp., Series A      
7.625%, 12/10/2014 NZD 4,415,000 3,652,843

 

350

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Glen Meadow Pass-Through Trust      
(6.505% to 02/15/2017, then 3 month      
LIBOR +2.125%)      
02/12/2067 (S) $ 1,885,000 $ 1,314,788
GTP Acquisition Partners I LLC      
7.628%, 06/15/2016 (S)   890,000 863,722
Hongkong Land Treasury Services      
(Singapore) Pte, Ltd.      
3.860%, 12/29/2017 SGD 250,000 206,797
Inter-American Development Bank      
4.750%, 01/10/2014 INR 55,850,000 1,171,054
Inter-American Development Bank,      
Series INTL      
7.250%, 05/24/2012 NZD 4,665,000 3,644,181
International Finance Corp.      
7.500%, 02/28/2013 AUD 1,627,000 1,647,443
Kreditanstalt fuer Wiederaufbau      
4.000%, 12/15/2014 NOK 10,010,000 1,782,439
5.750%, 05/13/2015 AUD 4,775,000 4,807,419
6.500%, 11/15/2011 NZD 539,000 412,179
7.000%, 10/22/2012 IDR 15,900,000,000 1,760,197
Lancer Finance Company SPV, Ltd.      
5.850%, 12/12/2016 (S) $ 81,706 79,387
Local TV Finance LLC, PIK      
9.250%, 06/15/2015 (S)   316,031 290,749
M&I Marshall & Ilsley Bank      
5.000%, 01/17/2017   2,269,000 2,394,428
MetLife, Inc.      
6.400%, 12/15/2036   755,000 670,631
Morgan Stanley      
11.500%, 10/22/2020 (S) BRL 2,922,000 1,515,197
Nationstar Mortgage/Nationstar      
Capital Corp.      
10.875%, 04/01/2015 $ 175,000 175,000
Offshore Group Investments, Ltd.      
11.500%, 08/01/2015 (S)   450,000 463,500
Realogy Corp.      
11.500%, 04/15/2017   1,780,000 1,183,700
12.000%, 04/15/2017   1,403,315 954,254
Regions Financial Corp.      
7.375%, 12/10/2037   275,000 225,500
Standard Chartered Bank      
2.220%, 07/05/2013 SGD 1,750,000 1,356,410
Symetra Financial Corp. (8.300% to      
10/15/2017, then 3 month      
LIBOR + 4.177%)      
10/15/2037 (S) $ 990,000 955,350
Synovus Financial Corp.      
5.125%, 06/15/2017   230,000 194,350
Temasek Financial I, Ltd.      
3.265%, 02/19/2020 SGD 1,250,000 1,017,342
The Royal Bank of Scotland PLC      
1.609%, 03/31/2014 (P)   2,500,000 1,826,665
The South Financial Group, Inc.      
1.746%, 09/01/2037 (P) $ 170,000 135,150
United Community Banks, Inc./GA      
7.500%, 09/30/2015 (S)   425,000 396,313
Western Alliance Bancorp      
10.000%, 09/01/2015   845,000 880,913
Wilmington Trust Corp.      
4.875%, 04/15/2013   715,000 730,586
8.500%, 04/02/2018   876,000 1,057,230

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
XL Group PLC., Series E (6.500% to      
04/15/2017, then 3 month      
LIBOR + 2.458%)      
04/15/2017 (Q) $ 665,000 $ 522,025
Yanlord Land Group, Ltd.      
10.625%, 03/29/2018 (S)   450,000 292,500
 
      73,446,837
Health Care - 1.65%      
Alere, Inc.      
8.625%, 10/01/2018   1,410,000 1,276,050
BioScrip, Inc.      
10.250%, 10/01/2015   1,245,000 1,245,000
Catalent Pharma Solutions, Inc., PIK      
9.500%, 04/15/2015   1,550,593 1,414,916
Community Health Systems, Inc.      
8.875%, 07/15/2015   90,000 88,425
Endo Pharmaceuticals Holdings, Inc.      
7.250%, 01/15/2022 (S)   530,000 531,325
ExamWorks Group, Inc.      
9.000%, 07/15/2019 (S)   1,080,000 1,009,800
Giant Funding Corp.      
8.250%, 02/01/2018 (S)   325,000 325,000
HCA, Inc.      
7.500%, 02/15/2022   225,000 207,563
LifePoint Hospitals, Inc.      
6.625%, 10/01/2020   160,000 157,600
Valeant Pharmaceuticals International, Inc.      
7.000%, 10/01/2020 (S)   580,000 513,300
Vanguard Health Systems, Inc.      
Zero Coupon, 02/01/2016 (Z)   16,000 10,400
 
      6,779,379
Industrials - 4.80%      
Aeropuertos Argentina 2000 SA      
10.750%, 12/01/2020 (S)   678,030 691,591
America West Airlines 2001-1 Pass      
Through Trust      
7.100%, 04/02/2021   146,355 138,306
American Railcar Industries, Inc.      
7.500%, 03/01/2014   315,000 308,700
Avis Budget Car Rental LLC/Avis Budget      
Finance, Inc.      
9.625%, 03/15/2018   325,000 321,750
B-Corp Merger Sub, Inc.      
8.250%, 06/01/2019 (S)   365,000 328,500
Colt Defense LLC/Colt Finance Corp.      
8.750%, 11/15/2017   60,000 39,750
Covanta Holding Corp.      
7.250%, 12/01/2020   1,385,000 1,384,076
Delta Air Lines 2007-1 Class A Pass      
Through Trust      
6.821%, 08/10/2022   1,350,068 1,360,193
Delta Air Lines, Inc.      
12.250%, 03/15/2015 (S)   485,000 515,313
Global Aviation Holdings, Inc.      
14.000%, 08/15/2013 (H)   1,372,000 946,680
Grupo KUO SAB de CV      
9.750%, 10/17/2017 (S)   675,000 698,625
Kratos Defense & Security Solutions, Inc.      
10.000%, 06/01/2017   200,000 199,000
Lonking Holdings, Ltd.      
8.500%, 06/03/2016 (S)   547,000 399,310
Mega Advance Investments, Ltd.      
5.000%, 05/12/2021 (S)   570,000 546,546

 

351

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Navios Maritime Holdings, Inc./Navios      
Maritime Finance II U.S., Inc.      
8.125%, 02/15/2019 (S) $ 375,000 $ 313,125
Navios South American      
Logistics, Inc./Navios Logistics Finance      
U.S., Inc.      
9.250%, 04/15/2019 (S)   240,000 209,400
Nortek, Inc.      
10.000%, 12/01/2018 (S)   915,000 846,375
Odebrecht Finance, Ltd.      
7.500%, 09/14/2015 (Q)(S)   295,000 286,519
Rearden G Holdings EINS GmbH      
7.875%, 03/30/2020 (S)   130,000 126,100
SCF Capital, Ltd.      
5.375%, 10/27/2017 (S)   905,000 814,500
Smiths Group PLC      
7.200%, 05/15/2019 (S)   290,000 348,062
Swift Services Holdings, Inc.      
10.000%, 11/15/2018   765,000 680,850
TAM Capital 3, Inc.      
8.375%, 06/03/2021 (S)   775,000 713,000
Thermadyne Holdings Corp.      
9.000%, 12/15/2017   435,000 426,300
TransDigm, Inc.      
7.750%, 12/15/2018   815,000 829,263
Tutor Perini Corp.      
7.625%, 11/01/2018   1,100,000 940,500
United Air Lines 2009-1 Pass      
Through Trust      
10.400%, 11/01/2016   950,031 1,026,033
United Air Lines 2009-2A Pass      
Through Trust      
9.750%, 01/15/2017   360,183 394,400
United Air Lines, Inc.      
9.875%, 08/01/2013 (S)   157,000 160,925
12.000%, 11/01/2013 (S)   1,105,000 1,118,813
Votorantim Cimentos SA      
7.250%, 04/05/2041 (S)   430,000 402,050
Western Express, Inc.      
12.500%, 04/15/2015 (S)   1,590,000 1,065,300
WPE International Cooperatief UA      
10.375%, 09/30/2020 (S)   1,220,000 1,098,000
 
      19,677,855
Information Technology - 1.17%      
Brightstar Corp.      
9.500%, 12/01/2016 (S)   1,155,000 1,178,100
CommScope, Inc.      
8.250%, 01/15/2019 (S)   330,000 321,750
EH Holding Corp.      
7.625%, 06/15/2021 (S)   110,000 105,875
Equinix, Inc.      
8.125%, 03/01/2018   730,000 768,325
First Data Corp.      
8.875%, 08/15/2020 (S)   110,000 103,400
Freescale Semiconductor, Inc.      
9.250%, 04/15/2018 (S)   135,000 138,713
Seagate HDD Cayman      
7.000%, 11/01/2021 (S)   860,000 791,200
Vangent, Inc.      
9.625%, 02/15/2015   1,325,000 1,381,313
 
      4,788,676

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Materials - 5.63%      
AbitibiBowater, Inc.      
10.250%, 10/15/2018 (S) $ 1,011,000 $ 1,056,495
American Pacific Corp.      
9.000%, 02/01/2015   2,605,000 2,409,625
APERAM      
7.750%, 04/01/2018 (S)   430,000 374,100
Ball Corp.      
6.750%, 09/15/2020   110,000 113,850
Berry Plastics Corp.      
8.250%, 11/15/2015   875,000 890,313
9.750%, 01/15/2021   470,000 399,500
Braskem Finance, Ltd.      
7.000%, 05/07/2020 (S)   235,000 238,525
7.375%, 10/04/2015 (Q)(S)   410,000 387,450
Cascades, Inc.      
7.875%, 01/15/2020   25,000 23,500
Celulosa Arauco y Constitucion SA      
5.000%, 01/21/2021   400,000 402,691
China Oriental Group Company, Ltd.      
7.000%, 11/17/2017 (S)   665,000 452,200
CSN Islands XII Corp.      
7.000%, 09/23/2015 (Q)(S)   820,000 758,500
Essar Steel Algoma, Inc.      
9.375%, 03/15/2015 (S)   495,000 438,075
Ferro Corp.      
7.875%, 08/15/2018   590,000 590,000
Fufeng Group, Ltd.      
7.625%, 04/13/2016 (S)   1,100,000 770,000
Graham Packaging      
Company LP/GPC Capital Corp. I      
8.250%, 01/01/2017 to 10/01/2018   585,000 588,450
9.875%, 10/15/2014   590,000 595,163
Longview Fibre Paper & Packaging, Inc.      
8.000%, 06/01/2016 (S)   295,000 286,150
Mercer International, Inc.      
9.500%, 12/01/2017   610,000 599,325
Metinvest BV      
8.750%, 02/14/2018 (S)   950,000 792,490
Midwest Vanadium Pty, Ltd.      
11.500%, 02/15/2018 (S)   1,540,000 1,216,600
Owens-Brockway Glass Container, Inc.      
7.375%, 05/15/2016   435,000 452,400
PE Paper Escrow GmbH      
12.000%, 08/01/2014 (S)   315,000 329,963
Polymer Group, Inc.      
7.750%, 02/01/2019 (S)   155,000 154,613
Rain CII Carbon LLC/CII Carbon Corp.      
8.000%, 12/01/2018 (S)   2,770,000 2,770,000
Sappi Papier Holding GmbH      
6.625%, 04/15/2021 (S)   250,000 212,500
7.500%, 06/15/2032 (S)   950,000 722,000
SunCoke Energy, Inc.      
7.625%, 08/01/2019 (S)   820,000 801,550
Suzano Trading, Ltd.      
5.875%, 01/23/2021 (S)   1,410,000 1,265,475
U.S. Corrugated, Inc.      
10.000%, 06/12/2013   785,000 802,663
Vale Overseas, Ltd.      
4.625%, 09/15/2020   310,000 300,700
Vedanta Resources PLC      
8.250%, 06/07/2021 (S)   1,260,000 970,200
Verso Paper Holdings LLC/Verso      
Paper, Inc.      
8.750%, 02/01/2019   625,000 431,250

 

352

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Materials (continued)      
Winsway Coking Coal Holding, Ltd.      
8.500%, 04/08/2016 (S) $ 745,000 $ 506,600
      23,102,916
Telecommunication Services - 2.93%      
Axtel SAB de CV      
7.625%, 02/01/2017 (S)   60,000 49,200
9.000%, 09/22/2019 (S)   2,125,000 1,785,000
Brasil Telecom SA      
9.750%, 09/15/2016 (S) BRL 1,130,000 546,895
Broadview Networks Holdings, Inc.      
11.375%, 09/01/2012 $ 361,000 288,800
Data & Audio Visual Enterprises      
Wireless, Inc.      
9.500%, 04/29/2018 CAD 550,000 446,130
Digicel Group, Ltd.      
8.875%, 01/15/2015 (S) $ 295,000 278,775
Digicel, Ltd.      
8.250%, 09/01/2017 (S)   1,120,000 1,052,800
Frontier Communications Corp.      
8.500%, 04/15/2020   235,000 227,950
GXS Worldwide, Inc.      
9.750%, 06/15/2015   825,000 792,000
Intelsat Luxembourg SA      
11.250%, 02/04/2017   1,495,000 1,296,913
Level 3 Financing, Inc.      
10.000%, 02/01/2018   630,000 604,800
NII Capital Corp.      
8.875%, 12/15/2019   445,000 463,913
Satmex Escrow SA de CV      
9.500%, 05/15/2017 (S)   630,000 607,950
SBA Tower Trust      
5.101%, 04/15/2017 (S)   275,000 299,063
SingTel Group Treasury Pte, Ltd.      
3.488%, 04/08/2020 SGD 1,000,000 824,079
Sprint Capital Corp.      
8.750%, 03/15/2032 $ 1,085,000 942,594
West Corp.      
11.000%, 10/15/2016   1,160,000 1,194,800
Wind Acquisition Finance SA      
7.250%, 02/15/2018 (S)   380,000 324,425
 
      12,026,087
Utilities - 0.83%      
AES Andres Dominicana, Ltd./Itabo      
Dominicana      
9.500%, 11/12/2020 (S)   580,000 574,200
Centrais Eletricas do Para SA      
10.500%, 06/03/2016 (S)   625,000 612,692
Cia de Eletricidade do Estado da Bahia      
11.750%, 04/27/2016 (S) BRL 1,200,000 644,595
Cia de Saneamento Basico do Estado de      
Sao Paulo      
6.250%, 12/16/2020 (S) $ 555,000 552,225
Dubai Electricity & Water Authority      
7.375%, 10/21/2020 (S)   1,070,000 1,032,550
 
      3,416,262
TOTAL CORPORATE BONDS (Cost $216,188,390) $ 206,173,642
 
CONVERTIBLE BONDS - 2.40%      
Consumer Discretionary - 0.67%      
D.R. Horton, Inc.      
2.000%, 05/15/2014   260,000 261,950
Ford Motor Company      
4.250%, 11/15/2016   1,075,000 1,396,156

 

Strategic Income Opportunities Trust (continued)
  Shares or   
  Principal   
  Amount  Value
 
CONVERTIBLE BONDS (continued)      
Consumer Discretionary (continued)      
XM Satellite Radio, Inc.      
7.000%, 12/01/2014 (S) $ 919,000 $ 1,070,635
 
      2,728,741
Consumer Staples - 0.09%      
Alliance One International, Inc.      
5.500%, 07/15/2014   440,000 355,850
Energy - 0.29%      
Chesapeake Energy Corp.      
2.250%, 12/15/2038   605,000 513,494
2.500%, 05/15/2037   260,000 247,650
James River Coal Company      
3.125%, 03/15/2018 (S)   693,000 446,119
 
      1,207,263
Financials - 0.58%      
Ares Capital Corp.      
5.750%, 02/01/2016 (S)   1,130,000 1,081,975
Dundee International      
5.500%, 07/31/2018 CAD 215,000 195,940
Janus Capital Group, Inc.      
3.250%, 07/15/2014 $ 120,000 116,850
MF Global Holdings, Ltd.      
1.875%, 02/01/2016   225,000 178,875
Old Republic International Corp.      
3.750%, 03/15/2018   620,000 560,325
Transglobe Apartment Real Estate      
Investment Trust      
5.400%, 09/30/2018 CAD 275,000 249,308
 
      2,383,273
Health Care - 0.21%      
Dendreon Corp.      
2.875%, 01/15/2016 $ 971,000 696,693
Gilead Sciences, Inc.      
1.000%, 05/01/2014   65,000 70,281
Teleflex, Inc.      
3.875%, 08/01/2017   95,000 103,194
 
      870,168
Industrials - 0.26%      
United Continental Holdings, Inc.      
4.500%, 06/30/2021   1,210,000 1,064,800
Information Technology - 0.06%      
Electronic Arts, Inc.      
0.750%, 07/15/2016 (S)   250,000 240,000
Materials - 0.03%      
Owens-Brockway Glass Container, Inc.      
3.000%, 06/01/2015 (S)   160,000 144,000
Telecommunication Services - 0.21%      
Clearwire      
Communications LLC/Clearwire      
Finance, Inc.      
8.250%, 12/01/2040 (S)   1,785,000 861,263
TOTAL CONVERTIBLE BONDS (Cost $12,091,599) $ 9,855,358
 
MUNICIPAL BONDS - 0.76%      
California - 0.04%      
City of Long Beach      
7.282%, 11/01/2030   170,000 174,752
District of Columbia - 0.06%      
Metropolitan Washington Airports      
Authority, Series D      
8.000%, 10/01/2047   240,000 267,437

 

353

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
MUNICIPAL BONDS (continued)      
Georgia - 0.21%      
Municipal Electric Authority of Georgia      
7.055%, 04/01/2057 $ 830,000 $ 865,357
Ohio - 0.30%      
American Municipal Power, Inc.      
8.084%, 02/15/2050   855,000 1,214,236
Texas - 0.09%      
Dallas-Fort Worth International Airport      
Facilities Improvement      
7.000%, 01/01/2016   350,000 363,720
Washington - 0.06%      
Washington State Convention Center      
Public Facilities District      
6.790%, 07/01/2040   185,000 228,618
TOTAL MUNICIPAL BONDS (Cost $2,637,922) $ 3,114,120
 
TERM LOANS (M) - 4.82%      
Consumer Discretionary - 2.12%      
Caesars Entertainment Operating      
Company, Inc.      
4.500%, 01/26/2018   1,850,000 1,481,541
CCM Merger, Inc.      
7.000%, 03/01/2017   264,682 255,087
Clear Channel Communications, Inc.      
3.890%, 01/28/2016   1,205,032 855,723
Dex Media West LLC      
7.000%, 10/24/2014   829,874 558,781
Hubbard Broadcasting, Inc.      
8.750%, 04/30/2018   100,000 96,500
Kalispel Tribal Economic Authority      
7.500%, 02/22/2017   1,088,170 1,011,998
Las Vegas Sands LLC      
2.740%, 11/23/2016   643,653 599,516
Michaels Stores, Inc.      
2.550%, 10/31/2013   1,463,684 1,396,599
Mood Media Corp.      
7.000%, 04/30/2018   438,900 403,788
10.250%, 10/31/2018   160,000 147,200
PRIMEDIA, Inc.      
7.500%, 01/12/2018   1,645,875 1,530,664
Vertis, Inc.      
11.750%, 12/31/2015   521,373 375,389
 
      8,712,786
Consumer Staples - 0.10%      
Revlon Consumer Products Corp.      
5.140%, 11/17/2017   410,000 395,855
Financials - 0.13%      
Realogy Corp.      
3.190%, 10/10/2013   66,616 59,149
3.270%, 10/10/2013   528,884 469,605
 
      528,754
Health Care - 0.69%      
Catalent Pharma Solutions, Inc.      
2.490%, 04/10/2014   1,818,696 1,670,169
Community Health Systems, Inc.      
2.570%, 07/25/2014   668,685 624,757
National Mentor Holdings, Inc.      
7.000%, 02/09/2017   597,000 539,290
 
      2,834,216

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
TERM LOANS (M) (continued)      
Industrials - 0.66%      
Bourland & Leverich Supply      
Company LLC      
11.000%, 08/13/2015 $ 118,750 $ 116,375
Hawker Beechcraft      
Acquisition Company LLC      
0.270%, 03/26/2014   40,723 27,692
2.370%, 03/26/2014   658,549 447,813
Travelport LLC      
4.750%, 08/21/2015   399,835 351,521
US Airways Group, Inc.      
2.740%, 03/21/2014   2,086,970 1,770,942
 
      2,714,343
Information Technology - 0.13%      
First Data Corp.      
2.980%, 09/24/2014   63,194 55,164
4.230%, 03/23/2018   593,821 487,304
 
      542,468
Materials - 0.21%      
Consolidated Container Company LLC      
5.750%, 09/28/2014   1,100,000 875,875
Telecommunication Services - 0.59%      
Intelsat Jackson Holdings SA      
3.250%, 02/01/2014   700,000 649,250
5.250%, 04/02/2018   902,738 866,628
LightSquared LP      
12.000%, 10/01/2014   533,134 262,902
Unitek Global Services      
9.000%, 04/16/2018   641,775 634,555
 
      2,413,335
Utilities - 0.19%      
Texas Competitive Electric      
Holdings Company LLC      
3.730%, 10/10/2014   552,799 388,110
4.750%, 10/10/2017   552,799 369,512
 
      757,622
TOTAL TERM LOANS (Cost $21,525,736)   $ 19,775,254
 
CAPITAL PREFERRED SECURITIES - 2.67%    
Financials - 2.67%      
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
Citigroup Capital XXI (8.300% to      
12/21/2037, then 3 month      
LIBOR + 4.170%)      
12/21/2057   310,000 303,800
Cullen/Frost Capital Trust II      
1.876%, 03/01/2034 (P)   826,000 672,503
Fifth Third Capital Trust IV (6.500% to      
04/15/2017 then 3 month      
LIBOR + 1.368%)      
04/15/2037   996,000 946,300
First Midwest Capital Trust I, Series B      
6.950%, 12/01/2033   204,000 184,110
First Tennessee Capital II      
6.300%, 04/15/2034   593,000 468,470
JPMorgan Chase Capital XXIII (1.261%      
to 05/15/2047, then 3 month      
LIBOR + 2.030%)      
05/15/2047   1,990,000 1,336,247

 

354

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
CAPITAL PREFERRED SECURITIES (continued)  
Financials (continued)      
JPMorgan Chase Capital XXII      
6.450%, 02/02/2037 $ 815,000 $ 813,702
M&T Capital Trust II      
8.277%, 06/01/2027   370,000 370,723
M&T Capital Trust III      
9.250%, 02/01/2027   95,000 95,844
North Fork Capital Trust II      
8.000%, 12/15/2027   385,000 354,200
PNC Financial Services Group, Inc.      
6.750%, 08/01/2021 (P)(Q)   800,000 766,184
Regions Financing Trust II (6.625% to      
5/15/2027, then 3 month LIBOR      
1.290%)      
05/15/2047   1,640,000 1,328,400
Republic New York Capital I      
7.750%, 11/15/2026   80,000 77,064
SunTrust Capital VIII (6.100% to      
12/15/2036, then 1 month      
LIBOR + 1.965%)      
12/15/2036   665,000 658,350
The South Financial Group, Inc. (1.630%      
to 12/15/2012, then 1 month      
LIBOR + 1.320%)      
09/15/2037   300,000 238,500
USB Capital IX      
3.500%, 11/21/2011 (Q)(P)   626,000 441,336
Wachovia Capital Trust III      
5.570%, 11/21/2011 (Q)(P)   1,500,000 1,230,000
Wells Fargo Capital XV (9.750% to      
09/26/2013, then 3 month      
LIBOR + 5.830%)      
10/03/2011 (Q)   285,000 283,432
 
      10,962,190
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $11,531,955)   $ 10,962,190
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 4.30%      
Commercial & Residential - 3.93%      
American Home Mortgage Assets,      
Series 2006-6, Class XP IO      
2.357%, 12/25/2046   13,830,184 830,841
American Tower Trust, Series 2007-1A,      
Class C      
5.615%, 04/15/2037 (S)   260,000 276,065
Bear Stearns Alt-A Trust      
Series 2004-12 1A1,      
0.585%, 01/25/2035 (P)   429,917 365,261
Series 2004-13, Class A1,      
0.975%, 11/25/2034 (P)   1,158,075 1,005,312
Chase Mortgage Finance Corp.,      
Series 2007-A1, Class 2A1      
2.753%, 02/25/2037 (P)   396,926 377,940
Countrywide Alternative Loan Trust,      
Series 2006-OA12, Class X IO      
2.619%, 09/20/2046   13,540,069 858,556
Downey Savings & Loan Association      
Mortgage Loan Trust      
Series 2004-AR1 Class X2 IO,      
2.244%, 09/19/2044   5,190,161 229,014
Series 2005-AR2, Class X2 IO,      
2.534%, 03/19/2045   10,113,084 414,092

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
GSR Mortgage Loan Trust,      
Series 2005-AR6, Class 3A1      
2.722%, 09/25/2035 (P) $ 1,065,026 $ 902,743
Harborview Mortgage Loan Trust      
Series 2007-6, Class ES IO,      
0.342%, 08/19/2037 (S)   13,928,519 89,839
Series 2007-3, Class ES IO,      
0.350%, 05/19/2047   16,602,671 109,578
Series 2007-4, Class ES IO,      
0.350%, 07/19/2047   20,753,051 112,897
Series 2005-2, Class X IO,      
2.295%, 05/19/2035   4,120,008 214,232
Series 2005-8, Class 1X IO,      
2.301%, 09/19/2035   9,263,583 447,369
IndyMac Index Mortgage Loan Trust      
Series 2005-AR18, Class 2X IO,      
1.776%, 10/25/2036   25,534,689 1,368,404
Series 2005-AR18, Class 1X IO,      
2.113%, 10/25/2036   25,079,553 1,385,645
Merrill Lynch/Countrywide Commercial      
Mortgage Trust, Series 2006-3,      
Class A4      
5.414%, 07/12/2046 (P)   628,000 674,395
MLCC Mortgage Investors, Inc.      
0.820%, 11/25/2029 (P)   220,688 203,991
Morgan Stanley Mortgage Loan Trust      
Series 2004-8AR, Class 4A1,      
2.512%, 10/25/2034 (P)   601,609 495,141
Series 2004-9, Class 1A,      
5.889%, 11/25/2034 (P)   2,395,482 2,317,372
Structured Asset Securities Corp.,      
Series 2003-7A, Class 3A6      
2.519%, 12/25/2033 (P)   645,037 583,409
WaMu Mortgage Pass      
Through Certificates      
Series 2005-AR6, Class B1,      
0.835%, 04/25/2045 (P)   3,343,912 425,028
Series 2005-AR13, Class B1,      
0.835%, 10/25/2045 (P)   2,063,564 331,233
Series 2005-AR13, Class X IO,      
1.539%, 10/25/2045   37,713,764 1,843,219
Wells Fargo Mortgage Backed      
Securities Trust, Series 2004-Z,      
Class 2A1      
2.739%, 12/25/2034 (P)   298,015 269,983
U.S. Government Agency - 0.37%      
Federal National Mortgage Association      
Series 402, Class 4 IO,      
4.000%, 10/25/2039   964,671 151,626
Series 402, Class 3 IO,      
4.000%, 11/25/2039   873,901 136,125
Series 406, Class 3 IO,      
4.000%, 01/25/2041   890,507 103,219
Series 398, Class C3 IO,      
4.500%, 05/25/2039   781,289 104,583
Series 402, Class 7 IO,      
4.500%, 11/25/2039   1,075,808 160,721
Series 407, Class 4 IO,      
4.500%, 03/25/2041   1,489,503 190,084
Series 407, Class 7 IO,      
5.000%, 03/25/2041   2,747,826 469,863

 

355

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal National Mortgage      
Association (continued)      
Series 407, Class 8 IO,      
5.000%, 03/25/2041 $ 1,271,186 $ 206,364
      1,522,585
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $13,862,125)   $ 17,654,144
 
ASSET BACKED SECURITIES - 0.60%      
Aircraft Certificate Owner Trust,      
Series 2003-1A, Class E      
7.001%, 09/20/2022 (S)   305,000 276,025
Dominos Pizza Master Issuer LLC      
Series 2007-1, Class A2,      
5.261%, 04/25/2037 (S)   1,130,000 1,141,300
Series 2007-1, Class M1,      
7.629%, 04/25/2037 (S)   1,000,000 1,020,000
TOTAL ASSET BACKED SECURITIES (Cost $2,271,775) $ 2,437,325
 
COMMON STOCKS - 4.95%      
Consumer Discretionary - 0.78%      
Charter Communications, Inc., Class A (I)   65,436 $ 3,065,022
Greektown Superholdings, Inc. (I)   269 16,678
Vertis Holdings, Inc. (I)   8,371 106,981
 
      3,188,681
Energy - 0.13%      
OGX Petroleo e Gas Participacoes SA (I)   34,370 210,214
YPF SA ADR   9,702 331,905
 
      542,119
Financials - 1.07%      
Apollo Investment Corp.   82,476 620,220
Ares Capital Corp.   29,783 410,112
Dundee International   11,025 102,054
Homburg Canada Real      
Estate Investment Trust (I)   214,087 2,510,859
Plum Creek Timber Company, Inc.   11,129 386,288
Weyerhaeuser Company   22,945 356,795
 
      4,386,328
Health Care - 0.10%      
Johnson & Johnson   6,535 416,345
Telecommunication Services - 0.51%      
AT&T, Inc.   35,651 1,016,767
Verizon Communications, Inc.   29,129 1,071,947
 
      2,088,714
Utilities - 2.36%      
Alliant Energy Corp.   27,024 1,045,288
Consolidated Edison, Inc.   18,634 1,062,511
DTE Energy Company   21,469 1,052,410
Entergy Corp.   16,465 1,091,465
FirstEnergy Corp.   24,538 1,102,002
NSTAR   24,138 1,081,624
OGE Energy Corp.   22,183 1,060,126
Progress Energy, Inc.   21,730 1,123,876
Xcel Energy, Inc.   43,256 1,067,991
 
      9,687,293
TOTAL COMMON STOCKS (Cost $18,894,589) $ 20,309,480

 

Strategic Income Opportunities Trust (continued)
    Shares or  
    Principal  
    Amount Value
 
PREFERRED SECURITIES - 2.92%      
Consumer Discretionary - 0.22%      
General Motors Company, Series B $ 14,932 $ 523,814
Greektown      
Superholdings, Inc., Series A (I)   6,111 378,882
 
      902,696
Energy - 0.24%      
Apache Corp., Series D, 6.000%   18,825 963,275
Financials - 2.22%      
BancorpSouth Capital Trust I, 8.150%   16,400 416,232
Citigroup Capital XIII (7.875% to      
10-30-15, then      
3 month LIBOR + 6.370%)   7,250 191,473
Citigroup, Inc., 7.500%   14,530 1,157,024
FelCor Lodging Trust, Inc.,      
Series A, 1.950%   30,070 604,708
GMAC Capital Trust I (8.125% to      
02/15/2016, then      
3 month LIBOR + 5.785%)   21,225 387,356
MetLife, Inc., 5.000%   36,643 2,072,528
Regions Financing Trust III, 8.875%   9,575 239,950
Strategic Hotels & Resorts, Inc.,      
Series C, 8.250% (I)   14,225 346,663
Wells Fargo & Company,      
Series L, 7.500%   2,205 2,277,897
Zions Bancorporation, Series C, 9.500%   56,400 1,424,100
 
      9,117,931
Utilities - 0.24%      
PPL Corp., 8.750%   18,265 993,433
TOTAL PREFERRED SECURITIES (Cost $14,261,107) $ 11,977,335
 
OPTIONS PURCHASED - 0.03%      
Call Options - 0.03%      
Over the Counter Purchase Call on the      
USD vs. JPY (Expiration      
Date:12/20/2011; Strike Price $81;      
Counterparty: UBS Securities LLC (I)   20,000,000 105,340
TOTAL OPTIONS PURCHASED (Cost $265,000) $ 105,340
 
SHORT-TERM INVESTMENTS - 0.26%      
Repurchase Agreement - 0.26%      
Repurchase Agreement with State      
Street Corp. dated 09/30/2011 at      
0.010% to be repurchased at $1,077,801      
on 10/03/2011, collateralized by      
$1,045,000 Federal Home Loan Bank,      
0.200% due 09/14/2012 (valued at      
$1,045,000, including interest) and      
$60,000 U.S. Treasury Notes, 1.375%      
due 05/15/2013 (valued at $61,066,      
including interest) $ 1,077,800 $ 1,077,800
TOTAL SHORT-TERM INVESTMENTS (Cost $1,077,800) $ 1,077,800
Total Investments (Strategic Income Opportunities Trust)    
(Cost $413,509,120) - 98.36%   $ 403,486,367
 
TOTAL NET ASSETS - 100.00%   $ 410,204,930
 
Other assets and liabilities, net - 1.64%     6,718,563

 

356

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A    
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 71.28%      
U.S. Government - 33.56%      
U.S. Treasury Bonds      
3.500%, 02/15/2039 $ 740,000 $ 825,331
3.875%, 08/15/2040   5,000,000 5,958,595
4.250%, 05/15/2039 to 11/15/2040   9,000,000 11,391,566
4.375%, 02/15/2038 to 05/15/2041   19,347,000 24,970,977
4.500%, 05/15/2038   7,845,000 10,249,979
4.625%, 02/15/2040   2,200,000 2,948,343
4.750%, 02/15/2041 (L)   8,000,000 10,968,752
5.250%, 02/15/2029   12,270,000 16,804,145
5.375%, 02/15/2031   880,000 1,242,175
6.250%, 08/15/2023   7,800,000 11,139,375
7.875%, 02/15/2021   2,300,000 3,513,968
8.125%, 08/15/2021   1,400,000 2,194,500
9.250%, 02/15/2016   2,150,000 2,936,767
U.S. Treasury Notes      
0.125%, 08/31/2013 to 09/30/2013   10,000,000 9,976,248
0.375%, 07/31/2013   5,000,000 5,011,525
0.500%, 11/30/2012   22,000,000 22,080,784
0.625%, 04/30/2013   7,000,000 7,043,470
0.750%, 08/15/2013   14,500,000 14,628,006
1.125%, 12/15/2012   23,500,000 23,760,709
1.250%, 08/31/2015   5,000,000 5,118,750
1.375%, 10/15/2012 to 03/15/2013   15,400,000 15,619,707
1.500%, 06/30/2016 (L)   20,000,000 20,568,800
1.750%, 01/31/2014 to 07/31/2015   30,320,000 31,446,072
1.875%, 02/28/2014 (L)   13,890,000 14,393,513
1.875%, 06/30/2015 to 08/31/2017   4,400,000 4,591,689
2.000%, 11/30/2013   4,795,000 4,968,819
2.125%, 11/30/2014 to 05/31/2015   14,900,000 15,709,696
2.250%, 11/30/2017 (L)   14,000,000 14,845,474
2.375%, 09/30/2014 to 02/28/2015   26,900,000 28,509,567
2.500%, 04/30/2015   8,800,000 9,402,941
2.625%, 12/31/2014 to 08/15/2020   36,500,000 39,118,838
2.625%, 11/15/2020 (L)   9,800,000 10,495,192
2.750%, 10/31/2013 to 02/15/2019   39,930,000 42,486,394
3.000%, 09/30/2016   19,420,000 21,362,000
3.375%, 11/15/2019   2,100,000 2,384,321
3.500%, 05/15/2020 (L)   2,300,000 2,637,272
3.625%, 02/15/2020 (L)   22,100,000 25,544,484
3.750%, 11/15/2018   7,236,000 8,381,886
4.250%, 11/15/2017   9,300,000 10,977,636
 
      516,208,266
U.S. Government Agency - 37.72%      
Federal Farm Credit Bank      
3.875%, 10/07/2013   1,700,000 1,816,972
4.875%, 12/16/2015   1,800,000 2,088,709
Federal Home Loan Bank      
3.875%, 06/14/2013   6,400,000 6,778,163
5.000%, 11/17/2017   9,090,000 10,956,513
Federal Home Loan Mortgage Corp.      
3.500%, 12/01/2025   4,432,991 4,623,568
3.750%, 06/28/2013   4,000,000 4,238,468
4.000%, 02/01/2024 to 12/01/2040   22,761,091 23,925,642
4.125%, 09/27/2013   5,500,000 5,904,432
4.500%, 07/01/2018 to 07/01/2041   39,752,696 42,149,294
5.000%, 11/01/2022 to 10/01/2040   27,010,853 29,054,952
5.500%, 08/23/2017 to 01/01/2039   25,556,821 27,999,700
5.779%, 02/01/2037 (P)   373,030 394,509
5.806%, 08/01/2037 (P)   570,833 606,491
6.000%, 06/01/2035 to 10/01/2038   14,047,212 15,428,455
6.250%, 07/15/2032   570,000 830,417
6.500%, 08/01/2037 to 09/01/2038   2,329,171 2,574,735
6.750%, 09/15/2029   2,900,000 4,298,864

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal Home Loan Mortgage Corp. (continued)    
7.000%, 11/01/2037 to 10/01/2038 $ 1,050,509 $ 1,190,235
Federal National Mortgage Association      
0.375%, 12/28/2012   13,300,000 13,314,045
2.109%, 01/01/2035 (P)   1,306,213 1,354,169
2.370%, 04/01/2036 (P)   1,022,629 1,064,931
2.846%, 04/01/2036 (P)   219,784 233,154
3.250%, 04/09/2013   4,000,000 4,178,144
3.496%, 05/01/2036 (P)   373,298 386,797
3.500%, 12/01/2025 to 12/01/2040   12,351,149 12,833,108
3.875%, 07/12/2013   6,000,000 6,371,598
4.000%, to 02/01/2041   51,109,366 53,764,956
4.375%, 10/15/2015   4,850,000 5,505,041
4.500%, 06/01/2018 to 03/01/2041   51,582,235 54,814,994
4.661%, 09/01/2037 (P)   1,054,190 1,113,193
4.972%, 07/01/2034 (P)   1,107,090 1,163,180
5.000%, to 08/01/2040   41,749,202 45,010,133
5.500%, 08/01/2017 to 11/01/2038   33,365,051 36,328,097
5.623%, 04/01/2037 (P)   1,136,472 1,197,538
6.000%, to 10/01/2038   28,751,260 31,575,545
6.125%, 03/15/2012   1,275,000 1,308,969
6.227%, 10/01/2037 (P)   1,088,843 1,184,456
6.500%, 07/01/2036 to 10/01/2038   8,498,821 9,384,874
7.000%, 10/01/2038   1,253,908 1,419,512
7.250%, 05/15/2030   2,600,000 4,067,705
Government National Mortgage Association      
4.000%, 07/15/2039 to 12/20/2040   12,648,827 13,551,990
4.500%, to 10/20/2040   42,438,007 46,116,908
5.000%, 10/15/2023 to 07/20/2040   23,826,193 26,201,850
5.500%, 08/15/2023 to 09/20/2039   9,177,978 10,172,593
6.000%, 07/20/2037 to 10/15/2038   5,611,439 6,257,447
6.500%, 09/20/2037 to 12/15/2038   1,575,998 1,761,301
Tennessee Valley Authority      
3.875%, 02/15/2021   600,000 676,526
4.500%, 04/01/2018   820,000 952,129
6.750%, 11/01/2025   1,035,000 1,448,800
The Financing Corp. 8.600%, 09/26/2019   525,000 778,496
 
      580,352,298
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $1,025,127,947)   $ 1,096,560,564
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 1.62%      
Austria - 0.04%      
Government of Austria      
5.000%, 05/19/2014 (S)   540,000 599,236
Brazil - 0.28%      
Federative Republic of Brazil      
5.875%, 01/15/2019   1,420,000 1,629,450
6.000%, 01/17/2017   890,000 1,015,935
7.125%, 01/20/2037   1,280,000 1,635,200
 
      4,280,585
Canada - 0.35%      
Export Development Canada      
3.500%, 05/16/2013   475,000 498,285
Government of Canada      
2.375%, 09/10/2014   240,000 252,701
Hydro-Quebec      
8.400%, 01/15/2022   150,000 219,635
Province of British Columbia      
6.500%, 01/15/2026   390,000 538,787

 

357

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Canada (continued)      
Province of Manitoba      
5.000%, 02/15/2012 $ 240,000 $ 243,910
Province of New Brunswick      
5.200%, 02/21/2017   300,000 351,926
Province of Nova Scotia      
5.125%, 01/26/2017   370,000 434,404
Province of Ontario      
4.500%, 02/03/2015   1,100,000 1,219,573
Province of Quebec      
7.500%, 07/15/2023 to 09/15/2029   920,000 1,377,659
Province of Saskatchewan      
8.000%, 02/01/2013   240,000 262,158
 
      5,399,038
Chile - 0.03%      
Republic of Chile      
3.875%, 08/05/2020   450,000 469,125
Colombia - 0.09%      
Republic of Colombia      
4.375%, 07/12/2021   1,400,000 1,428,000
Croatia - 0.01%      
Republic of Croatia      
6.375%, 03/24/2021 (S)   200,000 184,500
Hungary - 0.05%      
Republic of Hungary      
6.250%, 01/29/2020   780,000 756,600
Israel - 0.06%      
Government of Israel      
5.125%, 03/26/2019   440,000 484,906
5.500%, 09/18/2023   380,000 483,209
 
      968,115
Italy - 0.11%      
Republic of Italy      
4.500%, 01/21/2015   500,000 494,416
6.875%, 09/27/2023   1,210,000 1,192,177
 
      1,686,593
Japan - 0.03%      
Development Bank of Japan      
5.125%, 02/01/2017   200,000 235,141
Japan Finance Organization for Municipalities    
4.625%, 04/21/2015   200,000 224,277
 
      459,418
Lithuania - 0.02%      
Republic of Lithuania      
5.125%, 09/14/2017 (S)   300,000 291,000
Mexico - 0.22%      
Government of Mexico      
5.950%, 03/19/2019   2,519,000 2,859,065
6.050%, 01/11/2040   460,000 519,800
 
      3,378,865
Norway - 0.03%      
Eksportfinans ASA      
5.500%, 06/26/2017   440,000 520,990
Panama - 0.04%      
Republic of Panama      
6.700%, 01/26/2036   510,000 617,100
Peru - 0.07%      
Republic of Peru      
7.125%, 03/30/2019   910,000 1,098,825

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Poland - 0.08%      
Republic of Poland      
6.375%, 07/15/2019 $ 1,100,000 $ 1,210,000
South Africa - 0.05%      
Republic of South Africa      
5.500%, 03/09/2020   640,000 700,000
Sweden - 0.06%      
Svensk Exportkredit AB      
3.250%, 09/16/2014   890,000 945,551
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $23,518,356)   $ 24,993,541
 
CORPORATE BONDS - 23.04%      
Consumer Discretionary - 1.30%      
Best Buy Company, Inc.      
5.500%, 03/15/2021   590,000 536,814
British Sky Broadcasting Group PLC      
9.500%, 11/15/2018 (S)   420,000 540,369
CBS Corp.      
4.300%, 02/15/2021   300,000 302,081
8.875%, 05/15/2019   445,000 568,964
Comcast Corp.      
5.700%, 07/01/2019   460,000 536,918
6.500%, 01/15/2015 to 11/15/2035   1,075,000 1,237,571
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
5.200%, 03/15/2020   440,000 474,600
6.375%, 03/01/2041   590,000 661,800
7.625%, 05/15/2016   950,000 1,021,250
Discovery Communications LLC      
5.625%, 08/15/2019   380,000 430,619
Family Dollar Stores, Inc.      
5.000%, 02/01/2021   490,000 480,706
Grupo Televisa SAB      
6.625%, 01/15/2040   330,000 348,150
Hasbro, Inc.      
6.350%, 03/15/2040   220,000 242,260
Home Depot, Inc.      
5.400%, 03/01/2016   100,000 113,216
5.875%, 12/16/2036   420,000 490,193
Johnson Controls, Inc.      
5.700%, 03/01/2041   300,000 338,080
Lowe’s Companies, Inc.      
6.100%, 09/15/2017   985,000 1,186,794
McDonald’s Corp.      
3.625%, 05/20/2021   500,000 545,207
5.000%, 02/01/2019   328,000 383,859
NBCUniversal Media LLC      
5.150%, 04/30/2020   450,000 494,117
News America, Inc.      
6.650%, 11/15/2037   525,000 578,417
O’Reilly Automotive, Inc.      
4.875%, 01/14/2021   500,000 519,071
Target Corp.      
6.500%, 10/15/2037   500,000 654,094
TCI Communications, Inc.      
7.125%, 02/15/2028   455,000 558,550
The Walt Disney Company      
5.625%, 09/15/2016   500,000 587,934
Time Warner Cable, Inc.      
4.125%, 02/15/2021   480,000 478,725
Time Warner Companies, Inc.      
7.250%, 10/15/2017   1,040,000 1,246,338
7.570%, 02/01/2024   480,000 590,466

 

358

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)      
Time Warner Entertainment Company LP      
8.375%, 07/15/2033 $ 970,000 $ 1,267,530
Time Warner, Inc.      
7.625%, 04/15/2031   110,000 137,582
Viacom, Inc.      
4.250%, 09/15/2015   220,000 236,922
4.500%, 03/01/2021   1,050,000 1,081,725
Vivendi SA      
5.750%, 04/04/2013 (S)   305,000 321,797
Volkswagen International Finance NV      
2.875%, 04/01/2016 (S)   530,000 534,634
Yum! Brands, Inc.      
6.250%, 03/15/2018   190,000 224,848
 
      19,952,201
Consumer Staples - 1.76%      
Altria Group, Inc.      
4.125%, 09/11/2015   300,000 321,256
8.500%, 11/10/2013   465,000 530,403
9.250%, 08/06/2019   955,000 1,253,225
Anheuser-Busch InBev Worldwide, Inc.      
6.875%, 11/15/2019   670,000 853,503
7.750%, 01/15/2019   450,000 585,058
Bacardi, Ltd.      
8.200%, 04/01/2019 (S)   620,000 831,892
Bottling Group LLC      
5.125%, 01/15/2019   450,000 526,214
Brown-Forman Corp.      
2.500%, 01/15/2016   500,000 513,655
5.000%, 02/01/2014   450,000 489,602
Bunge Ltd. Finance Corp.      
4.100%, 03/15/2016   500,000 513,838
8.500%, 06/15/2019   300,000 374,205
Campbell Soup Company      
4.500%, 02/15/2019   600,000 658,656
Cargill, Inc.      
7.350%, 03/06/2019 (S)   475,000 607,545
Clorox Company      
5.950%, 10/15/2017   390,000 423,134
ConAgra Foods, Inc.      
5.819%, 06/15/2017   75,000 82,349
7.000%, 04/15/2019   300,000 361,702
9.750%, 03/01/2021   222,000 306,235
CVS Caremark Corp.      
4.125%, 05/15/2021   520,000 542,041
6.125%, 08/15/2016   450,000 520,799
6.600%, 03/15/2019   370,000 450,575
CVS Pass-Through Trust      
8.353%, 07/10/2031 (S)   442,484 549,180
Diageo Capital PLC      
4.828%, 07/15/2020   717,000 803,409
Dr Pepper Snapple Group, Inc.      
2.900%, 01/15/2016   1,000,000 1,033,254
Energizer Holdings, Inc.      
4.700%, 05/19/2021 (S)   500,000 535,589
General Mills, Inc.      
5.650%, 02/15/2019   450,000 533,479
Kellogg Company      
4.150%, 11/15/2019   220,000 243,278
Kimberly-Clark Corp.      
3.875%, 03/01/2021   500,000 550,292
7.500%, 11/01/2018   330,000 436,367
Kraft Foods, Inc.      
4.125%, 02/09/2016   1,000,000 1,065,501
6.125%, 02/01/2018   650,000 763,740

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Kraft Foods, Inc. (continued)      
6.750%, 02/19/2014 $ 1,080,000 $ 1,205,770
6.875%, 02/01/2038   280,000 353,837
Mead Johnson Nutrition Company      
4.900%, 11/01/2019   220,000 246,433
PepsiCo, Inc.      
5.500%, 01/15/2040   430,000 538,436
7.900%, 11/01/2018   67,000 89,246
Philip Morris International, Inc.      
4.125%, 05/17/2021   520,000 562,261
6.875%, 03/17/2014   390,000 442,746
Ralcorp Holdings, Inc.      
6.625%, 08/15/2039   470,000 472,515
SABMiller PLC      
6.500%, 07/15/2018 (S)   310,000 373,170
Safeway, Inc.      
6.250%, 03/15/2014   315,000 350,712
6.350%, 08/15/2017   520,000 601,977
Sysco Corp.      
5.375%, 03/17/2019   300,000 358,090
Tate & Lyle International Finance PLC      
5.000%, 11/15/2014 (S)   310,000 335,608
Tesco PLC      
6.150%, 11/15/2037 (S)   235,000 290,766
The Coca-Cola Company      
3.150%, 11/15/2020   480,000 496,195
The Kroger Company      
3.900%, 10/01/2015   220,000 235,224
6.400%, 08/15/2017   500,000 593,296
Wal-Mart Stores, Inc.      
4.125%, 02/01/2019   455,000 509,383
6.200%, 04/15/2038   585,000 756,321
7.550%, 02/15/2030   300,000 429,072
Walgreen Company      
5.250%, 01/15/2019   450,000 533,209
 
      27,034,243
Energy - 2.72%      
Anadarko Petroleum Corp.      
6.450%, 09/15/2036   400,000 424,082
Apache Corp.      
3.625%, 02/01/2021   500,000 525,276
6.000%, 09/15/2013   295,000 322,803
BG Energy Capital PLC      
4.000%, 12/09/2020 (S)   620,000 656,168
Boardwalk Pipelines LP      
5.750%, 09/15/2019   380,000 424,622
BP Capital Markets PLC      
3.625%, 05/08/2014   2,000,000 2,100,204
4.500%, 10/01/2020   1,000,000 1,084,660
5.250%, 11/07/2013   270,000 290,753
Buckeye Partners LP      
4.875%, 02/01/2021   500,000 515,694
Cameron International Corp.      
7.000%, 07/15/2038   340,000 421,464
Canadian Natural Resources, Ltd.      
6.250%, 03/15/2038   440,000 522,949
Cenovus Energy, Inc.      
5.700%, 10/15/2019   220,000 254,299
Chevron Corp.      
4.950%, 03/03/2019   440,000 524,676
CNOOC Finance 2011, Ltd.      
4.250%, 01/26/2021 (S)   500,000 503,073
ConocoPhillips      
5.750%, 02/01/2019   455,000 544,650

 

359

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
DCP Midstream LLC      
9.700%, 12/01/2013 (S) $ 390,000 $ 447,229
9.750%, 03/15/2019 (S)   475,000 632,709
Devon Financing Corp. ULC      
7.875%, 09/30/2031   260,000 364,874
Diamond Offshore Drilling, Inc.      
5.875%, 05/01/2019   600,000 695,827
El Paso Natural Gas Company      
5.950%, 04/15/2017   535,000 602,270
Enbridge Energy Partners LP      
9.875%, 03/01/2019   530,000 703,391
EnCana Corp.      
6.500%, 08/15/2034   530,000 598,292
Energy Transfer Partners LP      
6.700%, 07/01/2018   500,000 560,236
Ensco PLC      
4.700%, 03/15/2021   590,000 602,217
Enterprise Products Operating LLC      
4.600%, 08/01/2012   300,000 307,846
6.650%, 04/15/2018   165,000 195,000
6.875%, 03/01/2033   250,000 294,955
9.750%, 01/31/2014   265,000 310,130
EOG Resources, Inc.      
4.100%, 02/01/2021   480,000 514,206
GlobalSantaFe Corp.      
5.000%, 02/15/2013   425,000 442,037
Halliburton Company      
6.150%, 09/15/2019   720,000 873,065
Hess Corp.      
8.125%, 02/15/2019   440,000 567,748
Kerr-McGee Corp.      
6.950%, 07/01/2024   530,000 620,488
Kinder Morgan Energy Partners LP      
5.625%, 02/15/2015   240,000 266,048
5.850%, 09/15/2012   415,000 431,858
6.375%, 03/01/2041   590,000 627,834
6.500%, 09/01/2039   280,000 301,544
6.850%, 02/15/2020   500,000 591,070
7.300%, 08/15/2033   90,000 107,201
9.000%, 02/01/2019   265,000 338,872
Magellan Midstream Partners LP      
6.550%, 07/15/2019   350,000 414,029
Marathon Oil Corp.      
6.000%, 10/01/2017   143,000 163,550
Marathon Petroleum Corp.      
5.125%, 03/01/2021 (S)   500,000 521,429
Nabors Industries, Inc.      
9.250%, 01/15/2019   450,000 569,857
Nexen, Inc.      
6.200%, 07/30/2019   780,000 890,880
Noble Energy, Inc.      
6.000%, 03/01/2041   300,000 335,838
Noble Holding International, Ltd.      
6.050%, 03/01/2041   490,000 561,968
7.375%, 03/15/2014   370,000 418,423
Occidental Petroleum Corp.      
4.100%, 02/01/2021   500,000 543,192
ONEOK Partners LP      
6.650%, 10/01/2036   363,000 423,063
Pemex Project Funding Master Trust      
6.625%, 06/15/2035   230,000 246,675
7.375%, 12/15/2014   350,000 399,000
Petro-Canada      
5.950%, 05/15/2035   315,000 343,183
6.050%, 05/15/2018   500,000 581,407

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Petrobras International Finance Company      
8.375%, 12/10/2018 $ 825,000 $ 973,500
Petroleos Mexicanos      
4.875%, 03/15/2015   700,000 733,250
5.500%, 01/21/2021   500,000 525,000
Plains All American      
Pipeline LP/PAA Finance Corp.      
5.000%, 02/01/2021   1,000,000 1,055,676
8.750%, 05/01/2019   300,000 383,277
Rockies Express Pipeline LLC      
3.900%, 04/15/2015 (S)   430,000 440,931
Shell International Finance BV      
6.375%, 12/15/2038   875,000 1,195,506
Southern Natural Gas Company      
4.400%, 06/15/2021 (S)   500,000 501,614
Statoil ASA      
3.125%, 08/17/2017   220,000 233,219
Talisman Energy, Inc.      
3.750%, 02/01/2021   480,000 466,745
6.250%, 02/01/2038   235,000 265,311
7.750%, 06/01/2019   300,000 368,885
Texas Eastern Transmission LP      
4.125%, 12/01/2020 (S)   500,000 536,029
6.000%, 09/15/2017 (S)   190,000 226,911
The Williams Companies, Inc.      
7.875%, 09/01/2021   490,000 581,690
Tosco Corp.      
8.125%, 02/15/2030   543,000 777,498
Total Capital SA      
3.125%, 10/02/2015   220,000 233,687
4.125%, 01/28/2021   400,000 436,011
4.250%, 12/15/2021   430,000 468,642
TransCanada PipeLines, Ltd.      
5.850%, 03/15/2036   630,000 757,197
Transocean, Inc.      
6.800%, 03/15/2038   460,000 477,176
Valero Energy Corp.      
6.125%, 06/15/2017   475,000 528,907
7.500%, 04/15/2032   480,000 556,077
Weatherford International, Ltd.      
5.500%, 02/15/2016   430,000 468,606
Weatherford International, Ltd./Bermuda      
6.000%, 03/15/2018   355,000 393,084
Williams Partners LP      
5.250%, 03/15/2020   610,000 656,968
 
      41,766,211
Financials - 9.37%      
AEGON Funding Company LLC      
5.750%, 12/15/2020   225,000 240,050
African Development Bank      
6.875%, 10/15/2015   210,000 250,269
Allied World Assurance Company, Ltd.      
7.500%, 08/01/2016   390,000 443,197
American Express Bank FSB      
3.150%, 12/09/2011   1,045,000 1,050,981
6.000%, 09/13/2017   925,000 1,040,991
American Express Company      
8.125%, 05/20/2019   490,000 619,133
American Express Credit Corp.      
2.750%, 09/15/2015   300,000 301,640
7.300%, 08/20/2013   380,000 415,998
American International Group, Inc.      
5.450%, 05/18/2017   900,000 862,431

 

360

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Asian Development Bank      
5.593%, 07/16/2018 $ 680,000 $ 838,645
AXA SA      
8.600%, 12/15/2030   290,000 325,251
Banco Bradesco SA/Cayman Islands      
4.125%, 05/16/2016 (S)   1,440,000 1,432,800
Bank of America Corp.      
2.100%, 04/30/2012   900,000 909,761
3.125%, 06/15/2012   525,000 535,789
3.625%, 03/17/2016   500,000 455,430
4.500%, 04/01/2015   220,000 208,603
5.000%, 05/13/2021   530,000 473,505
5.420%, 03/15/2017   499,000 433,808
6.500%, 08/01/2016   470,000 467,017
7.375%, 05/15/2014   250,000 257,855
Barclays Bank PLC      
5.125%, 01/08/2020   550,000 539,659
5.140%, 10/14/2020   600,000 487,193
5.200%, 07/10/2014   330,000 337,622
5.450%, 09/12/2012   450,000 461,261
BB&T Corp.      
5.200%, 12/23/2015   450,000 483,689
5.700%, 04/30/2014   600,000 655,132
Berkshire Hathaway Finance Corp.      
4.250%, 01/15/2021   490,000 514,949
5.400%, 05/15/2018   450,000 514,344
Berkshire Hathaway, Inc.      
3.200%, 02/11/2015   830,000 873,055
BNP Paribas      
3.250%, 03/11/2015   950,000 923,682
Boston Properties LP      
4.125%, 05/15/2021   480,000 461,023
BRE Properties, Inc.      
5.200%, 03/15/2021   465,000 487,291
Caisse Centrale Desjardins du Quebec      
2.650%, 09/16/2015 (S)   300,000 308,481
Capital One Bank USA NA      
8.800%, 07/15/2019   600,000 707,648
Capital One Financial Corp.      
7.375%, 05/23/2014   690,000 771,022
Chubb Corp.      
5.750%, 05/15/2018   435,000 512,259
Citigroup Funding, Inc.      
1.875%, 11/15/2012   445,000 452,628
Citigroup, Inc.      
2.125%, 04/30/2012   915,000 925,111
2.875%, 12/09/2011   1,040,000 1,045,339
4.587%, 12/15/2015   500,000 513,673
5.500%, 04/11/2013   530,000 545,537
5.875%, 02/22/2033 to 05/29/2037   1,945,000 1,704,631
6.125%, 11/21/2017   1,265,000 1,352,782
8.500%, 05/22/2019   460,000 556,211
CME Group, Inc.      
5.750%, 02/15/2014   360,000 395,514
CNA Financial Corp.      
5.750%, 08/15/2021   590,000 596,189
7.350%, 11/15/2019   440,000 487,826
Cooperatieve Centrale Raiffeisen-      
Boerenleenbank BA      
2.125%, 10/13/2015   300,000 299,562
4.500%, 01/11/2021   1,000,000 1,082,711
Credit Suisse AG      
5.400%, 01/14/2020   430,000 413,620

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Credit Suisse Guernsey, Ltd. (5.860% to      
05/15/2017, then 3 month LIBOR + 1.690%)    
05/15/2017 (Q) $ 250,000 $ 196,250
Credit Suisse USA, Inc.      
4.875%, 01/15/2015   690,000 726,914
Credit Suisse/New York      
5.500%, 05/01/2014   1,500,000 1,586,327
Deutsche Bank AG      
3.250%, 01/11/2016   1,000,000 981,074
3.875%, 08/18/2014   850,000 867,882
4.875%, 05/20/2013   1,150,000 1,188,579
Discover Financial Services      
10.250%, 07/15/2019   400,000 484,671
Dresdner Bank AG      
7.250%, 09/15/2015   270,000 252,608
Duke Realty LP      
5.950%, 02/15/2017   225,000 235,864
ERAC USA Finance LLC      
2.250%, 01/10/2014 (S)   500,000 502,879
4.500%, 08/16/2021 (S)   500,000 505,180
5.250%, 10/01/2020 (S)   440,000 482,611
ERP Operating LP      
4.750%, 07/15/2020   600,000 625,834
5.750%, 06/15/2017   591,000 660,616
European Investment Bank      
1.750%, 09/14/2012   1,180,000 1,194,671
2.375%, 03/14/2014   910,000 947,692
4.625%, 05/15/2014 to 10/20/2015   1,669,000 1,863,998
4.875%, 01/17/2017   905,000 1,060,975
Export-Import Bank of Korea      
4.000%, 01/29/2021   300,000 277,687
Fifth Third Bancorp      
3.625%, 01/25/2016   500,000 508,608
5.450%, 01/15/2017   590,000 627,619
FIH Erhvervsbank A/S      
2.450%, 08/17/2012 (S)   470,000 477,365
First Horizon National Corp.      
5.375%, 12/15/2015   500,000 506,355
FleetBoston Financial Corp.      
6.700%, 07/15/2028   500,000 481,349
General Electric Capital Corp.      
2.200%, 06/08/2012   450,000 456,134
3.000%, 12/09/2011   525,000 527,796
5.250%, 10/19/2012   2,740,000 2,864,232
5.300%, 02/11/2021   500,000 519,426
5.625%, 09/15/2017   1,735,000 1,904,634
6.000%, 08/07/2019   350,000 394,450
6.750%, 03/15/2032   980,000 1,121,088
6.875%, 01/10/2039   950,000 1,092,947
Genworth Financial, Inc.      
7.200%, 02/15/2021   550,000 467,418
Harley-Davidson Funding Corp.      
5.750%, 12/15/2014 (S)   440,000 480,056
Hartford Financial Services Group, Inc.      
5.950%, 10/15/2036   230,000 202,100
HBOS PLC      
6.750%, 05/21/2018 (S)   200,000 170,677
HCP, Inc.      
5.375%, 02/01/2021   500,000 502,362
Health Care REIT, Inc.      
4.950%, 01/15/2021   480,000 461,684
5.250%, 01/15/2022   300,000 284,903
Healthcare Realty Trust, Inc.      
5.750%, 01/15/2021   500,000 489,797

 

361

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Hospitality Properties Trust      
7.875%, 08/15/2014 $ 410,000 $ 445,212
HSBC Bank USA NA      
5.875%, 11/01/2034   250,000 239,435
HSBC Finance Corp.      
6.676%, 01/15/2021 (S)   1,109,000 1,091,360
HSBC Holdings PLC      
6.500%, 09/15/2037   905,000 890,255
ING Bank NV      
3.000%, 09/01/2015 (S)   450,000 438,425
Inter-American Development Bank      
7.000%, 06/15/2025   265,000 381,716
International Bank for Reconstruction      
& Development      
3.625%, 05/21/2013   300,000 315,813
8.625%, 10/15/2016   415,000 551,437
International Finance Corp.      
3.500%, 05/15/2013   325,000 339,245
Jefferies Group, Inc.      
5.125%, 04/13/2018   530,000 496,859
John Deere Capital Corp.      
4.950%, 12/17/2012   740,000 775,516
5.100%, 01/15/2013   540,000 569,254
5.250%, 10/01/2012   500,000 522,481
JPMorgan Chase & Company      
3.125%, 12/01/2011   1,100,000 1,105,106
4.350%, 08/15/2021   1,030,000 1,042,397
4.750%, 05/01/2013   670,000 704,475
6.400%, 05/15/2038   2,640,000 3,017,644
Kemper Corp.      
6.000%, 11/30/2015   960,000 1,008,993
KeyCorp      
3.750%, 08/13/2015   450,000 463,820
5.100%, 03/24/2021   500,000 505,268
6.500%, 05/14/2013   500,000 533,383
Kimco Realty Corp.      
6.875%, 10/01/2019   410,000 468,559
Kreditanstalt fuer Wiederaufbau      
3.250%, 10/14/2011 to 03/15/2013   4,450,000 4,535,604
4.375%, 03/15/2018   1,680,000 1,952,310
5.125%, 03/14/2016   1,105,000 1,296,231
Landwirtschaftliche Rentenbank      
5.125%, 02/01/2017   315,000 372,021
Lincoln National Corp.      
5.650%, 08/27/2012   225,000 233,416
7.000%, 06/15/2040   300,000 310,115
Lloyds TSB Bank PLC      
6.500%, 09/14/2020 (S)   500,000 425,408
Macquarie Group, Ltd.      
6.250%, 01/14/2021 (S)   1,000,000 946,784
Marsh & McLennan Companies, Inc.      
5.750%, 09/15/2015   82,000 91,388
MassMutual Global Funding II      
2.300%, 09/28/2015 (S)   300,000 301,331
MBNA Corp.      
5.000%, 06/15/2015   600,000 586,660
Merrill Lynch & Company, Inc.      
5.450%, 07/15/2014   885,000 866,404
6.875%, 04/25/2018 to 11/15/2018   1,372,000 1,376,019
7.750%, 05/14/2038   1,250,000 1,163,686
MetLife, Inc.      
6.750%, 06/01/2016   300,000 345,247
6.817%, 08/15/2018   1,150,000 1,350,240
Metropolitan Life Global Funding I      
3.125%, 01/11/2016 (S)   500,000 515,777

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Moody’s Corp.      
5.500%, 09/01/2020 $ 450,000 $ 480,690
Morgan Stanley      
2.250%, 03/13/2012   440,000 443,843
3.250%, 12/01/2011   525,000 527,592
5.300%, 03/01/2013   2,020,000 2,037,031
5.950%, 12/28/2017   865,000 839,421
6.625%, 04/01/2018   993,000 986,091
7.300%, 05/13/2019   1,340,000 1,382,427
National Australia Bank, Ltd.      
4.375%, 12/10/2020 (S)   650,000 658,112
National Rural Utilities Cooperative      
Finance Corp.      
10.375%, 11/01/2018   360,000 517,805
Nomura Holdings, Inc.      
4.125%, 01/19/2016   990,000 1,005,203
Nordea Bank AB      
4.875%, 05/13/2021 (S)   500,000 427,848
Nordic Investment Bank      
2.375%, 12/15/2011   520,000 522,163
Northern Trust Corp.      
3.450%, 11/04/2020   480,000 492,854
Oesterreichische Kontrollbank AG      
4.875%, 02/16/2016   485,000 557,702
PartnerRe Finance A LLC      
6.875%, 06/01/2018   500,000 556,695
PartnerRe Finance B LLC      
5.500%, 06/01/2020   430,000 447,716
Plum Creek Timberlands LP      
4.700%, 03/15/2021   300,000 304,360
PNC Funding Corp.      
2.300%, 06/22/2012   530,000 537,288
4.250%, 09/21/2015   290,000 313,313
5.625%, 02/01/2017   450,000 488,916
6.700%, 06/10/2019   460,000 552,897
ProLogis LP      
5.625%, 11/15/2016   180,000 182,715
6.300%, 06/01/2013   300,000 314,725
7.625%, 08/15/2014   940,000 1,024,497
Prudential Financial, Inc.      
3.875%, 01/14/2015   220,000 224,967
4.500%, 11/15/2020   300,000 298,458
4.750%, 04/01/2014 to 09/17/2015   1,090,000 1,137,895
5.375%, 06/21/2020   440,000 462,314
Realty Income Corp.      
5.950%, 09/15/2016   135,000 149,037
Regency Centers LP      
4.800%, 04/15/2021   250,000 259,506
Reinsurance Group of America, Inc.      
5.000%, 06/01/2021   530,000 556,510
Royal Bank of Canada      
2.100%, 07/29/2013   1,190,000 1,220,496
Royal Bank of Scotland Group PLC      
5.000%, 11/12/2013   372,000 352,135
Senior Housing Properties Trust      
4.300%, 01/15/2016   980,000 978,694
Simon Property Group LP      
5.650%, 02/01/2020   650,000 713,711
5.875%, 03/01/2017   245,000 275,566
SLM Corp.      
8.000%, 03/25/2020   600,000 592,318
Societe Generale SA      
3.500%, 01/15/2016 (S)   620,000 563,700
State Street Corp.      
2.150%, 04/30/2012   440,000 444,902

 

362

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
SunTrust Banks, Inc.      
3.600%, 04/15/2016 $ 500,000 $ 507,245
6.000%, 09/11/2017   450,000 497,530
The Allstate Corp.      
5.950%, 04/01/2036   455,000 509,971
7.450%, 05/16/2019   310,000 379,380
The Bank of New York Mellon Corp.      
2.500%, 01/15/2016   300,000 306,203
4.500%, 04/01/2013   675,000 712,118
The Bear Stearns Companies LLC      
7.250%, 02/01/2018   1,590,000 1,876,124
The Goldman Sachs Group, Inc.      
3.250%, 06/15/2012   610,000 622,935
5.500%, 11/15/2014   1,060,000 1,108,178
6.125%, 02/15/2033   530,000 533,289
6.150%, 04/01/2018   1,030,000 1,068,445
7.500%, 02/15/2019   1,600,000 1,787,414
The Nasdaq OMX Group, Inc.      
5.250%, 01/16/2018   500,000 529,876
The Royal Bank of Scotland PLC      
4.875%, 03/16/2015   1,240,000 1,214,671
The Travelers Companies, Inc.      
5.500%, 12/01/2015   330,000 370,456
5.900%, 06/02/2019   460,000 536,639
6.250%, 06/20/2016   370,000 433,712
Toyota Motor Credit Corp.      
3.400%, 09/15/2021   510,000 515,194
U.S. Bank NA (3.778% to 04/29/2015 then      
3 month LIBOR + 2.003%)      
04/29/2020   450,000 455,917
UBS AG/Stamford CT      
5.750%, 04/25/2018   795,000 818,599
Union Bank NA      
5.950%, 05/11/2016   500,000 550,875
US Bancorp      
2.250%, 03/13/2012   440,000 444,021
2.450%, 07/27/2015   440,000 451,745
4.200%, 05/15/2014   310,000 332,821
US Central Federal Credit Union      
1.900%, 10/19/2012   450,000 457,822
Ventas Realty LP/Ventas Capital Corp.      
3.125%, 11/30/2015   300,000 296,697
4.750%, 06/01/2021   200,000 192,353
Vornado Realty LP      
4.250%, 04/01/2015   430,000 446,111
Wachovia Bank NA      
4.875%, 02/01/2015   1,100,000 1,158,544
WEA Finance LLC      
4.625%, 05/10/2021 (S)   500,000 478,141
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
7.500%, 06/02/2014 (S)   900,000 1,004,351
Wells Fargo & Company      
2.125%, 06/15/2012   300,000 303,700
3.000%, 12/09/2011   525,000 527,662
3.750%, 10/01/2014   920,000 971,919
5.000%, 11/15/2014   450,000 472,809
5.625%, 12/11/2017   800,000 905,473
Wells Fargo Bank NA      
5.950%, 08/26/2036   1,574,000 1,677,749
Westpac Banking Corp.      
3.000%, 12/09/2015   740,000 752,425
Willis North America, Inc.      
7.000%, 09/29/2019   340,000 393,781

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Xl Group Ltd.      
5.750%, 10/01/2021 $ 510,000 $ 507,440
Xstrata Finance Canada, Ltd.      
5.800%, 11/15/2016 (S)   450,000 495,095
 
      144,168,947
Health Care - 1.20%      
Abbott Laboratories      
4.125%, 05/27/2020   440,000 487,718
4.350%, 03/15/2014   540,000 586,970
5.875%, 05/15/2016   195,000 229,694
Aetna, Inc.      
3.950%, 09/01/2020   450,000 465,751
6.000%, 06/15/2016   450,000 519,056
Amgen, Inc.      
5.700%, 02/01/2019   415,000 496,618
5.750%, 03/15/2040   300,000 365,234
AstraZeneca PLC      
5.900%, 09/15/2017   465,000 555,991
Baxter International, Inc.      
5.900%, 09/01/2016   225,000 265,999
Becton Dickinson and Company      
3.250%, 11/12/2020   480,000 492,224
Bristol-Myers Squibb Company      
6.800%, 11/15/2026   280,000 371,698
Celgene Corp.      
3.950%, 10/15/2020   300,000 304,349
Coventry Health Care, Inc.      
5.450%, 06/15/2021   250,000 270,331
Covidien International Finance SA      
6.000%, 10/15/2017   500,000 594,184
CR Bard, Inc.      
2.875%, 01/15/2016   620,000 645,155
Eli Lilly & Company      
7.125%, 06/01/2025   340,000 456,986
Express Scripts, Inc.      
6.250%, 06/15/2014   300,000 330,346
Gilead Sciences, Inc.      
4.500%, 04/01/2021   530,000 572,078
GlaxoSmithKline Capital, Inc.      
4.375%, 04/15/2014   577,000 626,666
6.375%, 05/15/2038   310,000 416,672
Howard Hughes Medical Institute      
3.450%, 09/01/2014   470,000 500,077
Johnson & Johnson      
2.150%, 05/15/2016   530,000 547,374
5.550%, 08/15/2017   150,000 180,569
5.850%, 07/15/2038   365,000 485,401
Laboratory Corp. of America Holdings      
4.625%, 11/15/2020   550,000 589,069
Life Technologies Corp.      
5.000%, 01/15/2021   490,000 508,044
McKesson Corp.      
4.750%, 03/01/2021   300,000 339,873
Medtronic, Inc.      
5.600%, 03/15/2019   315,000 377,897
Merck & Company, Inc.      
5.300%, 12/01/2013   380,000 415,884
5.750%, 11/15/2036   600,000 757,369
Novartis Securities Investment, Ltd.      
5.125%, 02/10/2019   365,000 431,377
Pharmacia Corp.      
6.500%, 12/01/2018   450,000 562,930
Quest Diagnostics, Inc.      
5.450%, 11/01/2015   134,000 150,411

 

363

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)      
Roche Holdings, Inc.      
6.000%, 03/01/2019 (S) $ 330,000 $ 403,660
St. Jude Medical, Inc.      
4.875%, 07/15/2019   230,000 264,717
UnitedHealth Group, Inc.      
4.875%, 03/15/2015   48,000 53,203
5.800%, 03/15/2036   510,000 592,476
WellPoint, Inc.      
6.375%, 06/15/2037   170,000 206,919
7.000%, 02/15/2019   500,000 617,828
Wyeth      
5.500%, 03/15/2013   660,000 705,417
6.000%, 02/15/2036   600,000 741,331
 
      18,485,546
Industrials - 1.67%      
3M Company      
4.375%, 08/15/2013   350,000 375,357
Allied Waste North America, Inc.      
6.875%, 06/01/2017   460,000 491,625
American Airlines 2011-1 Class A Pass      
Through Trust      
5.250%, 01/31/2021   499,261 454,327
BAE Systems Holdings, Inc.      
6.375%, 06/01/2019 (S)   600,000 711,437
Burlington Northern Santa Fe LLC      
4.700%, 10/01/2019   370,000 412,745
5.050%, 03/01/2041   490,000 526,819
7.000%, 02/01/2014   525,000 593,636
Canadian Pacific Railway Company      
4.450%, 03/15/2023   470,000 497,727
Caterpillar Financial Services Corp.      
6.125%, 02/17/2014   560,000 624,880
Caterpillar, Inc.      
7.900%, 12/15/2018   1,010,000 1,355,270
CSX Corp.      
3.700%, 10/30/2020   530,000 547,373
6.250%, 04/01/2015   625,000 721,554
7.375%, 02/01/2019   450,000 570,769
Danaher Corp.      
5.400%, 03/01/2019   310,000 372,538
Emerson Electric Company      
4.875%, 10/15/2019   340,000 395,207
FedEx Corp.      
8.000%, 01/15/2019   225,000 293,942
Fluor Corp.      
3.375%, 09/15/2021   510,000 510,677
GATX Corp.      
4.750%, 05/15/2015   330,000 349,813
General Dynamics Corp.      
5.250%, 02/01/2014   395,000 434,222
General Electric Company      
5.000%, 02/01/2013   1,425,000 1,492,561
Honeywell International, Inc.      
3.875%, 02/15/2014   445,000 478,591
Ingersoll-Rand Global Holding Company, Ltd.    
6.875%, 08/15/2018   450,000 552,403
Koninklijke Philips Electronics NV      
6.875%, 03/11/2038   500,000 646,164
L-3 Communications Corp.      
4.750%, 07/15/2020   300,000 310,898
Lockheed Martin Corp., Series B      
6.150%, 09/01/2036   300,000 364,341
Norfolk Southern Corp.      
4.837%, 10/01/2041 (S)   480,000 503,852

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Norfolk Southern Corp. (continued)      
5.900%, 06/15/2019 $ 300,000 $ 361,448
Northrop Grumman Corp.      
3.500%, 03/15/2021   1,200,000 1,208,737
Pitney Bowes, Inc.      
6.250%, 03/15/2019   250,000 281,463
Roper Industries, Inc.      
6.250%, 09/01/2019   220,000 260,475
Siemens Financieringsmaatschappij NV      
6.125%, 08/17/2026 (S)   354,000 435,018
Snap-On, Inc.      
6.125%, 09/01/2021   470,000 566,428
Stanley Black & Decker, Inc.      
6.150%, 10/01/2013   590,000 641,761
The Boeing Company      
8.750%, 09/15/2031   405,000 620,088
Tyco Electronics Group SA      
4.875%, 01/15/2021   250,000 265,030
6.550%, 10/01/2017   600,000 705,787
Tyco International Finance SA      
8.500%, 01/15/2019   320,000 418,166
Union Pacific Corp.      
4.000%, 02/01/2021   440,000 467,835
6.625%, 02/01/2029   390,000 505,428
United Parcel Service, Inc.      
5.500%, 01/15/2018   320,000 384,523
United Technologies Corp.      
5.375%, 12/15/2017   415,000 481,691
6.125%, 02/01/2019   1,310,000 1,608,278
Waste Management, Inc.      
4.600%, 03/01/2021   590,000 633,827
6.125%, 11/30/2039   330,000 401,083
7.375%, 03/11/2019   615,000 771,650
 
      25,607,444
Information Technology - 0.90%      
Cisco Systems, Inc.      
3.150%, 03/14/2017   530,000 557,550
5.500%, 02/22/2016   300,000 346,097
5.900%, 02/15/2039   830,000 999,571
Computer Sciences Corp.      
6.500%, 03/15/2018   600,000 648,733
Dell, Inc.      
4.700%, 04/15/2013   450,000 474,489
5.400%, 09/10/2040   450,000 464,603
5.875%, 06/15/2019   300,000 342,056
eBay, Inc.      
3.250%, 10/15/2020   470,000 467,848
Google, Inc.      
3.625%, 05/19/2021   530,000 563,011
Hewlett-Packard Company      
2.125%, 09/13/2015   450,000 446,326
3.750%, 12/01/2020   480,000 466,942
4.750%, 06/02/2014   475,000 510,536
5.500%, 03/01/2018   250,000 279,236
International Business Machines Corp.      
2.000%, 01/05/2016   650,000 659,749
5.600%, 11/30/2039   385,000 476,284
6.500%, 10/15/2013   1,045,000 1,161,248
Microsoft Corp.      
2.950%, 06/01/2014   445,000 472,483
Motorola Solutions, Inc.      
6.000%, 11/15/2017   340,000 376,663
Oracle Corp.      
5.750%, 04/15/2018   570,000 679,835

 

364

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)      
Oracle Corp. (continued)      
6.125%, 07/08/2039 $ 430,000 $ 550,475
SAIC, Inc.      
4.450%, 12/01/2020 (S)   500,000 542,669
5.500%, 07/01/2033   300,000 334,539
The Western Union Company      
3.650%, 08/22/2018   1,020,000 1,030,562
Xerox Corp.      
5.650%, 05/15/2013   500,000 529,207
6.750%, 12/15/2039   430,000 511,264
 
      13,891,976
Materials - 0.98%      
Agrium, Inc.      
6.750%, 01/15/2019   490,000 593,992
Alcoa, Inc.      
5.400%, 04/15/2021   500,000 485,188
6.750%, 07/15/2018   485,000 520,024
Anglo American Capital PLC      
9.375%, 04/08/2019 (S)   600,000 795,493
ArcelorMittal      
5.375%, 06/01/2013   990,000 1,010,299
6.125%, 06/01/2018   620,000 599,140
6.750%, 03/01/2041   700,000 606,209
Barrick North America Finance LLC      
4.400%, 05/30/2021   500,000 513,482
BHP Billiton Finance USA, Ltd.      
6.500%, 04/01/2019   500,000 615,127
6.750%, 11/01/2013   159,000 174,563
Cliffs Natural Resources, Inc.      
4.875%, 04/01/2021   530,000 513,023
Commercial Metals Company      
7.350%, 08/15/2018   450,000 458,189
CRH America, Inc.      
8.125%, 07/15/2018   330,000 386,375
E.I. du Pont de Nemours & Company      
3.625%, 01/15/2021   1,410,000 1,473,993
5.875%, 01/15/2014   67,000 73,885
International Paper Company      
8.700%, 06/15/2038   250,000 316,125
POSCO      
4.250%, 10/28/2020 (S)   470,000 438,123
Potash Corp. of Saskatchewan, Inc.      
4.875%, 03/30/2020   130,000 145,977
5.625%, 12/01/2040   300,000 352,743
PPG Industries, Inc.      
3.600%, 11/15/2020   480,000 495,865
Praxair, Inc.      
4.375%, 03/31/2014   620,000 669,924
Rio Tinto Alcan, Inc.      
6.125%, 12/15/2033   360,000 422,916
Rio Tinto Finance USA, Ltd.      
5.200%, 11/02/2040   500,000 539,226
6.500%, 07/15/2018   434,000 521,314
The Dow Chemical Company      
5.700%, 05/15/2018   230,000 256,193
5.900%, 02/15/2015   350,000 386,538
9.400%, 05/15/2039   250,000 387,020
The Sherwin-Williams Company      
3.125%, 12/15/2014   220,000 232,506
Vale Overseas, Ltd.      
6.250%, 01/23/2017   800,000 867,200
6.875%, 11/10/2039   240,000 258,000
 
      15,108,652

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services - 1.38%      
America Movil SAB de CV      
5.000%, 03/30/2020 $ 1,368,000 $ 1,444,608
American Tower Corp.      
4.500%, 01/15/2018   490,000 491,059
Ameritech Capital Funding Corp.      
6.875%, 10/15/2027   240,000 275,070
AT&T Corp.      
8.000%, 11/15/2031   13,000 18,175
AT&T, Inc.      
5.350%, 09/01/2040   435,000 455,932
5.625%, 06/15/2016   400,000 456,304
6.300%, 01/15/2038   1,150,000 1,320,597
6.700%, 11/15/2013   685,000 761,039
BellSouth Corp.      
6.875%, 10/15/2031   735,000 917,575
British Telecommunications PLC      
5.950%, 01/15/2018   270,000 300,555
9.875%, 12/15/2030   250,000 362,365
CenturyLink, Inc.      
7.600%, 09/15/2039   310,000 279,392
COX Communications, Inc.      
9.375%, 01/15/2019 (S)   605,000 838,212
Deutsche Telekom International Finance BV      
8.750%, 06/15/2030   725,000 968,830
France Telecom SA      
8.500%, 03/01/2031   460,000 638,312
Qwest Corp.      
8.375%, 05/01/2016   510,000 559,725
Telecom Italia Capital SA      
5.250%, 11/15/2013   730,000 713,641
7.721%, 06/04/2038   450,000 429,895
Telefonica Emisiones SAU      
6.221%, 07/03/2017   210,000 212,376
Telefonica Europe BV      
8.250%, 09/15/2030   500,000 560,364
Verizon Communications, Inc.      
4.600%, 04/01/2021   1,070,000 1,184,461
5.250%, 04/15/2013   1,025,000 1,089,782
6.900%, 04/15/2038   1,335,000 1,726,143
Verizon Global Funding Corp.      
7.375%, 09/01/2012   450,000 475,799
Verizon Wireless Capital LLC      
7.375%, 11/15/2013   470,000 527,179
8.500%, 11/15/2018   380,000 506,908
Vodafone Group PLC      
3.375%, 11/24/2015   1,100,000 1,156,023
4.375%, 03/16/2021   1,070,000 1,163,687
5.375%, 01/30/2015   795,000 885,262
5.450%, 06/10/2019   480,000 563,389
 
      21,282,659
Utilities - 1.76%      
Ameren Illinois Company      
6.250%, 04/01/2018   600,000 694,697
Centerpoint Energy Resources Corp.      
4.500%, 01/15/2021   319,000 328,523
Consolidated Edison Company of      
New York, Inc.      
6.650%, 04/01/2019   930,000 1,169,735
7.125%, 12/01/2018   390,000 498,406
Constellation Energy Group, Inc.      
5.150%, 12/01/2020   490,000 500,405
7.600%, 04/01/2032   180,000 218,991
Dominion Resources, Inc.      
5.000%, 03/15/2013   410,000 433,469

 

365

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Dominion Resources, Inc. (continued)      
5.200%, 08/15/2019 $ 710,000 $ 820,843
DTE Energy Company      
6.350%, 06/01/2016   330,000 380,273
Duke Energy Carolinas LLC      
5.625%, 11/30/2012   400,000 419,732
6.000%, 01/15/2038   300,000 383,608
7.000%, 11/15/2018   390,000 499,021
E.ON International Finance BV      
5.800%, 04/30/2018 (S)   595,000 683,111
Enel Finance International NV      
5.125%, 10/07/2019 (S)   670,000 628,741
Entergy Corp.      
5.125%, 09/15/2020   470,000 484,125
Entergy Texas, Inc.      
7.125%, 02/01/2019   225,000 273,069
Exelon Generation Company LLC      
4.000%, 10/01/2020   1,000,000 995,589
6.250%, 10/01/2039   220,000 256,320
FirstEnergy Corp.      
6.450%, 11/15/2011   9,000 9,049
7.375%, 11/15/2031   450,000 556,145
FirstEnergy Solutions Corp.      
6.050%, 08/15/2021   350,000 388,119
Florida Power & Light Company      
5.650%, 02/01/2037   460,000 564,827
Georgia Power Company      
4.250%, 12/01/2019   220,000 242,957
5.950%, 02/01/2039   455,000 580,836
Indiana Michigan Power Company      
6.050%, 03/15/2037   445,000 531,224
Israel Electric Corp., Ltd.      
7.250%, 01/15/2019 (S)   520,000 553,796
Kansas City Power & Light Company      
7.150%, 04/01/2019   630,000 786,976
KeySpan Corp.      
8.000%, 11/15/2030   455,000 644,261
MidAmerican Energy Holdings Company      
8.480%, 09/15/2028   565,000 789,352
NextEra Energy Capital Holdings, Inc.      
7.875%, 12/15/2015   395,000 471,490
NiSource Finance Corp.      
6.800%, 01/15/2019   500,000 583,858
Oglethorpe Power Corp.      
5.375%, 11/01/2040   480,000 545,850
Oncor Electric Delivery Company LLC      
7.500%, 09/01/2038   260,000 371,421
Pacific Gas & Electric Company      
3.250%, 09/15/2021   500,000 495,416
3.500%, 10/01/2020   450,000 461,925
6.050%, 03/01/2034   390,000 466,576
6.250%, 12/01/2013   620,000 684,342
PacifiCorp      
6.000%, 01/15/2039   450,000 569,405
Peco Energy Company      
5.000%, 10/01/2014   600,000 661,117
Pennsylvania Electric Company      
5.200%, 04/01/2020   450,000 503,692
PPL WEM Holdings PLC      
5.375%, 05/01/2021 (S)   530,000 565,342
Progress Energy, Inc.      
4.400%, 01/15/2021   490,000 528,323
7.050%, 03/15/2019   600,000 747,021
Public Service Electric & Gas Company      
6.330%, 11/01/2013   525,000 578,836

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
San Diego Gas & Electric Company      
6.125%, 09/15/2037 $ 272,000 $ 363,064
Southern California Edison Company      
5.350%, 07/15/2035   545,000 649,491
Southern Company      
2.375%, 09/15/2015   790,000 806,217
Southwestern Public Service Company      
8.750%, 12/01/2018   355,000 483,931
Virginia Electric and Power Company      
3.450%, 09/01/2022   450,000 461,992
8.875%, 11/15/2038   240,000 393,622
Wisconsin Electric Power Company      
6.000%, 04/01/2014   360,000 403,172
 
      27,112,303
TOTAL CORPORATE BONDS (Cost $325,654,142) $ 354,410,182
 
CAPITAL PREFERRED SECURITIES - 0.13%    
Financials - 0.04%      
Goldman Sachs Capital II (5.793% to      
06/01/2012, then 3 month      
LIBOR + 0.768%) 06/01/2012 (Q)   930,000 576,600
Industrials - 0.09%      
Hutchison Whampoa International 10, Ltd.      
(6.000% to 10/28/2015, then 3 month      
LIBOR + 5.635%) 10/28/2015 (Q)(S)   1,520,000 1,455,400
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $2,250,860)   $ 2,032,000
 
MUNICIPAL BONDS - 0.60%      
California - 0.12%      
State of California      
7.500%, 04/01/2034   1,040,000 1,244,350
University of California      
5.770%, 05/15/2043   500,000 579,370
 
      1,823,720
District of Columbia - 0.02%      
Metropolitan Washington Airports Authority    
7.462%, 10/01/2046   240,000 278,950
Georgia - 0.03%      
Municipal Electric Authority of Georgia      
6.637%, 04/01/2057   450,000 488,655
Illinois - 0.09%      
Illinois State Toll Highway Authority      
6.184%, 01/01/2034   300,000 351,363
State of Illinois      
5.100%, 06/01/2033   570,000 523,591
7.350%, 07/01/2035   420,000 478,435
 
      1,353,389
Maryland - 0.03%      
Maryland State Transportation Authority      
5.888%, 07/01/2043   430,000 532,852
New Jersey - 0.07%      
New Jersey State Turnpike Authority      
7.102%, 01/01/2041   790,000 1,077,307
New York - 0.07%      
New York State Dormitory Authority      
5.628%, 03/15/2039   470,000 572,610
New York State Urban Development Corp.      
5.770%, 03/15/2039   440,000 524,594
 
      1,097,204

 

366

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
MUNICIPAL BONDS (continued)      
North Carolina - 0.03%      
North Carolina Turnpike Authority      
6.700%, 01/01/2039 $ 400,000 $ 457,900
Texas - 0.06%      
State of Texas      
5.517%, 04/01/2039   380,000 477,105
Texas Transportation Commission      
5.178%, 04/01/2030   450,000 516,920
 
      994,025
Utah - 0.06%      
State of Utah      
3.539%, 07/01/2025   560,000 595,090
4.554%, 07/01/2024   220,000 258,038
 
      853,128
Washington - 0.02%      
State of Washington      
5.481%, 08/01/2039   220,000 272,259
TOTAL MUNICIPAL BONDS (Cost $7,891,966) $ 9,229,389
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 3.22%      
Commercial & Residential - 3.22%      
Banc of America Commercial Mortgage, Inc.    
Series 2004-6, Class A3,      
4.512%, 12/10/2042   1,221,590 1,229,031
Series 2006-5, Class A3,      
5.390%, 09/10/2047   880,000 910,206
Series 2006-1, Class AM,      
5.421%, 09/10/2045 (P)   200,000 200,482
Series 2006-4, Class A4,      
5.634%, 07/10/2046   580,000 627,956
Series 2006-3, Class A4,      
5.889%, 07/10/2044 (P)   1,300,000 1,401,955
Bear Stearns Commercial Mortgage Securities    
Series 2005-T20, Class A3,      
5.295%, 10/12/2042 (P)   1,000,000 1,017,550
Series 2006-PW11, Class AM,      
5.620%, 03/11/2039 (P)   200,000 197,243
Series 2006-PW12, Class A4,      
5.903%, 09/11/2038 (P)   745,000 818,432
Citigroup Commercial Mortgage Trust,      
Series 2006-C4, Class A1      
5.922%, 03/15/2049 (P)   31,721 31,686
Citigroup/Deutsche Bank      
Commercial Mortgage Trust      
Series 2006-CD2, Class A4,      
5.526%, 01/15/2046 (P)   1,310,000 1,388,210
Series 2006-CD2, Class AM,      
5.573%, 01/15/2046 (P)   200,000 186,185
Series 2006-CD3, Class A5,      
5.617%, 10/15/2048   1,680,000 1,767,479
Commercial Mortgage Pass Through      
Certificates, Series 2004-LB4A, Class A4    
4.584%, 10/15/2037   1,295,334 1,298,972
Credit Suisse First Boston Mortgage      
Securities Corp., Series 2005-C3, Class A3    
4.645%, 07/15/2037   390,000 405,487
GE Capital Commercial Mortgage Corp.      
Series 2005-C1, Class A2,      
4.353%, 06/10/2048   467,111 466,724
Series 2005-C1, Class A3,      
4.578%, 06/10/2048   620,000 635,895

 

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
GMAC Commercial Mortgage Securities, Inc.    
Series 2003-C3, Class A4,      
5.023%, 04/10/2040 $ 1,840,000 $ 1,936,471
Series 2004-C2, Class A3,      
5.134%, 08/10/2038   1,880,000 1,943,604
GS Mortgage Securities Corp. II,      
Series 2007-GG10, Class A4      
5.984%, 08/10/2045 (P)   2,550,000 2,651,225
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2005-LDP2, Class A4,      
4.738%, 07/15/2042   2,065,000 2,211,398
Series 2004-CBX, Class A6,      
4.899%, 01/12/2037   1,170,000 1,250,047
Series 2005-LDP4, Class A4,      
4.918%, 10/15/2042 (P)   940,000 1,010,674
Series 2005-CB11, Class A3,      
5.197%, 08/12/2037   491,504 497,083
Series 2005-LDP5, Class A4,      
5.372%, 12/15/2044 (P)   860,000 942,875
Series 2006-LDP8, Class AM,      
5.440%, 05/15/2045   485,000 468,670
Series 2006-LDP8, Class A3B,      
5.447%, 05/15/2045   205,000 214,190
Series 2005-CB13, Class A3A1,      
5.455%, 01/12/2043 (P)   500,000 510,104
Series 2006-CB14, Class A3A,      
5.491%, 12/12/2044 (P)(S)   1,860,000 1,878,756
LB Commercial Conduit Mortgage Trust,      
Series 2007-C3, Class A4      
6.140%, 07/15/2044 (P)   1,290,000 1,398,871
LB-UBS Commercial Mortgage Trust      
Series 2006-C7, Class A3,      
5.347%, 11/15/2038   2,068,000 2,185,702
Series 2007-C2, Class A3,      
5.430%, 02/15/2040   1,400,000 1,438,801
Merrill Lynch Mortgage Trust,      
Series 2008-C1, Class A4      
5.690%, 02/12/2051   460,000 491,341
Merrill Lynch/Countrywide Commercial      
Mortgage Trust, Series 2007-8, Class A2      
6.129%, 08/12/2049 (P)   2,450,000 2,543,129
Morgan Stanley Capital I      
Series 2004-HQ3, Class A4,      
4.800%, 01/13/2041   1,890,000 1,987,545
Series 2005-HQ6, Class A2A,      
4.882%, 08/13/2042   953,856 957,850
Series 2011, Class C10,      
5.033%, 09/15/2047 (P)(S)   1,770,000 1,911,516
Series 2006-T21, Class A2,      
5.090%, 10/12/2052   221,611 221,210
Series 2007-T25, Class A3,      
5.514%, 11/12/2049 (P)   2,940,000 3,173,862
Series 2007-T27, Class A4,      
5.795%, 06/11/2042 (P)   3,580,000 4,002,461
Series 2006-T23, Class A2,      
5.922%, 08/12/2041 (P)   291,218 292,207
Wachovia Bank Commercial Mortgage Trust,    
Series 2005-C17, Class A4      
5.083%, 03/15/2042 (P)   750,000 807,014
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $42,463,521)   $ 49,510,099

 

367

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust A (continued)  
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES - 0.11%      
Chase Issuance Trust, Series 2008-A4,      
Class A4 4.650%, 03/15/2015 $ 885,000 $ 936,375
Credit-Based Asset Servicing and      
Securitization LLC, Series 2006-CB2,      
Class AF2 5.501%, 12/25/2036   78,305 55,512
Mercedes-Benz Auto Receivables Trust,      
Series 2009-1, Class A3      
1.670%, 01/15/2014   590,477 593,968
Renaissance Home Equity Loan Trust,      
Series 2006-1, Class AF3      
5.608%, 05/25/2036   82,238 54,957
TOTAL ASSET BACKED SECURITIES (Cost $1,696,990) $ 1,640,812
 
SECURITIES LENDING COLLATERAL - 1.19%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   1,824,972 18,259,211
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $18,259,073)   $ 18,259,211
 
SHORT-TERM INVESTMENTS - 1.77%      
Money Market Funds - 1.77%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0000% (Y) $ 27,205,595 $ 27,205,595
TOTAL SHORT-TERM INVESTMENTS (Cost $27,205,595) $ 27,205,595
Total Investments (Total Bond Market Trust A)    
(Cost $1,474,068,450) - 102.96%   $ 1,583,841,393
Other assets and liabilities, net - (2.96%)     (45,469,012)
TOTAL NET ASSETS - 100.00%   $ 1,538,372,381
 
 
 
Total Bond Market Trust B    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 65.28%      
U.S. Government - 29.11%      
U.S. Treasury Bonds      
3.750%, 08/15/2041 $ 800,000 $ 935,000
3.875%, 08/15/2040   1,100,000 1,310,891
4.250%, 05/15/2039 to 11/15/2040   1,060,000 1,342,656
4.375%, 02/15/2038 to 05/15/2041   805,000 1,038,017
4.625%, 02/15/2040   1,400,000 1,876,218
7.500%, 11/15/2016   1,270,000 1,685,131
7.875%, 02/15/2021   1,100,000 1,680,593
8.750%, 08/15/2020   1,400,000 2,213,422
9.250%, 02/15/2016   3,550,000 4,849,080
11.250%, 02/15/2015   2,010,000 2,729,988
U.S. Treasury Notes      
0.125%, 08/31/2013   350,000 349,180
0.375%, 06/30/2013 to 07/31/2013   3,260,000 3,267,537
0.750%, 09/15/2013   400,000 403,641
1.375%, 02/15/2013   650,000 660,131
1.500%, 12/31/2013   500,000 513,360
1.750%, 01/31/2014   1,760,000 1,817,612
1.875%, 02/28/2014 to 04/30/2014   1,370,000 1,422,070
2.000%, 11/30/2013   3,000,000 3,108,750
2.125%, 11/30/2014 to 05/31/2015   2,500,000 2,633,255
2.625%, 11/15/2020   2,500,000 2,677,345
3.000%, 02/28/2017 (L)   3,300,000 3,638,250
3.125%, 10/31/2016 to 05/15/2021   2,200,000 2,438,400
3.250%, 06/30/2016   3,650,000 4,053,781

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government (continued)      
U.S. Treasury Notes (continued)      
3.500%, 05/15/2020 (L) $ 1,100,000 $ 1,261,304
 
      47,905,612
U.S. Government Agency - 36.17%      
Federal Farm Credit Bank      
3.875%, 10/07/2013   300,000 320,642
4.875%, 12/16/2015   300,000 348,118
Federal Home Loan Bank      
3.875%, 06/14/2013   1,320,000 1,397,996
5.500%, 07/15/2036   190,000 245,970
Federal Home Loan Mortgage Corp.      
3.500%, 12/01/2025   961,703 1,003,047
4.000%, 02/01/2024 to 09/01/2040   2,473,041 2,595,401
4.500%, 05/01/2024 to 07/01/2041   1,890,718 2,009,697
5.000%, 06/01/2023 to 10/01/2040   1,754,463 1,891,971
5.500%, 08/23/2017 to 01/01/2038   1,597,284 1,803,488
5.779%, 02/01/2037 (P)   373,030 394,508
5.806%, 08/01/2037 (P)   570,833 606,491
6.000%, 06/01/2022 to 01/01/2038   335,449 367,933
6.250%, 07/15/2032   450,000 655,592
6.500%, 07/01/2016 to 09/01/2038   501,545 554,261
7.000%, 02/01/2016 to 04/01/2032   89,390 100,937
7.500%, 02/01/2016 to 03/01/2032   36,884 42,205
8.000%, 02/01/2030   5,714 6,579
Federal National Mortgage Association      
2.109%, 01/01/2035 (P)   1,345,795 1,395,205
2.846%, 04/01/2036 (P)   197,805 209,838
3.500%, 12/01/2040   524,958 540,231
4.000%, 08/01/2020 to 02/01/2041   2,823,089 2,968,428
4.500%, 12/01/2020 to 02/01/2041   6,427,322 6,842,753
5.000%, 07/01/2020 to 04/01/2039   5,705,553 6,162,863
5.500%, 08/01/2021 to 09/01/2036   6,664,537 7,262,717
5.623%, 04/01/2037 (P)   1,758,826 1,853,333
6.000%, 10/01/2013 to 08/01/2038   3,443,628 3,800,222
6.500%, 02/01/2015 to 02/01/2036   1,088,047 1,205,035
7.000%, 12/01/2012 to 10/01/2032   171,802 192,597
7.125%, 01/15/2030   209,000 320,545
7.250%, 05/15/2030   450,000 704,026
7.500%, 10/01/2015 to 08/01/2031   72,559 83,159
8.000%, 08/01/2030 to 09/01/2031   23,276 26,828
8.500%, 09/01/2030   3,261 3,823
Government National Mortgage Association      
4.000%, 10/15/2040   1,577,938 1,690,607
4.500%, 05/15/2019 to 10/20/2040   2,921,355 3,177,709
5.000%, 05/15/2018 to 07/20/2040   1,402,215 1,541,853
5.500%, 11/15/2032 to 01/15/2039   2,001,398 2,222,369
6.000%, 04/15/2017 to 10/15/2038   1,450,518 1,618,218
6.500%, 01/15/2016 to 12/15/2038   393,809 440,356
7.000%, 08/15/2029 to 05/15/2032   127,328 145,645
7.500%, 08/15/2029 to 01/15/2031   36,321 41,737
8.000%, 04/15/2031   9,587 11,171
8.500%, 09/15/2030   6,419 7,517
9.000%, 01/15/2031   3,803 4,450
Tennessee Valley Authority      
3.875%, 02/15/2021   100,000 112,754
6.750%, 11/01/2025   260,000 363,950
The Financing Corp. 8.600%, 09/26/2019   150,000 222,428
 
      59,517,203
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $99,353,482)   $ 107,422,815

 

368

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 2.67%      
Brazil - 0.40%      
Federative Republic of Brazil      
5.875%, 01/15/2019 $ 105,000 $ 120,488
6.000%, 01/17/2017   410,000 468,015
7.125%, 01/20/2037   50,000 63,875
 
      652,378
Canada - 0.96%      
Export Development Canada      
3.500%, 05/16/2013   95,000 99,657
Hydro-Quebec      
8.400%, 01/15/2022   100,000 146,424
Province of British Columbia      
6.500%, 01/15/2026   100,000 138,151
Province of Manitoba      
9.625%, 12/01/2018   300,000 428,115
Province of New Brunswick      
5.200%, 02/21/2017   80,000 93,847
Province of Nova Scotia      
5.125%, 01/26/2017   85,000 99,795
Province of Ontario      
4.500%, 02/03/2015   200,000 221,741
Province of Quebec      
7.125%, 02/09/2024   150,000 210,602
7.500%, 07/15/2023   100,000 142,789
 
      1,581,121
Chile - 0.04%      
Republic of Chile      
3.875%, 08/05/2020   60,000 62,550
Colombia - 0.09%      
Republic of Colombia      
4.375%, 07/12/2021   150,000 153,000
Hungary - 0.05%      
Republic of Hungary      
6.250%, 01/29/2020   80,000 77,600
Israel - 0.12%      
Government of Israel      
5.125%, 03/26/2019   90,000 99,185
5.500%, 09/18/2023   75,000 95,370
 
      194,555
Italy - 0.18%      
Republic of Italy      
6.875%, 09/27/2023   300,000 295,581
Japan - 0.14%      
Development Bank of Japan      
5.125%, 02/01/2017   100,000 117,570
Japan Finance Organization for Municipalities    
4.625%, 04/21/2015   100,000 112,139
 
      229,709
Mexico - 0.28%      
Government of Mexico      
5.950%, 03/19/2019   415,000 471,025
Norway - 0.06%      
Eksportfinans ASA      
5.500%, 06/26/2017   80,000 94,726
Panama - 0.04%      
Republic of Panama      
6.700%, 01/26/2036   60,000 72,600
Peru - 0.09%      
Republic of Peru      
7.125%, 03/30/2019   120,000 144,900

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Poland - 0.07%      
Republic of Poland      
6.375%, 07/15/2019 $ 110,000 $ 121,000
South Africa - 0.07%      
Republic of South Africa      
5.500%, 03/09/2020   100,000 109,375
Sweden - 0.08%      
Svensk Exportkredit AB      
3.250%, 09/16/2014   130,000 138,114
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $4,019,451)   $ 4,398,234
 
CORPORATE BONDS - 25.20%      
Consumer Discretionary - 1.62%      
Best Buy Company, Inc.      
5.500%, 03/15/2021   60,000 54,591
British Sky Broadcasting Group PLC      
9.500%, 11/15/2018 (S)   100,000 128,659
CBS Corp.      
8.875%, 05/15/2019   80,000 102,286
Comcast Corp.      
5.700%, 07/01/2019   80,000 93,377
DIRECTV Holdings LLC/DIRECTV      
Financing Company, Inc.      
6.375%, 03/01/2041   60,000 67,302
7.625%, 05/15/2016   140,000 150,500
Discovery Communications LLC      
5.625%, 08/15/2019   60,000 67,993
Family Dollar Stores, Inc.      
5.000%, 02/01/2021   55,000 53,957
Grupo Televisa SAB      
6.625%, 01/15/2040   40,000 42,200
Home Depot, Inc.      
5.875%, 12/16/2036   70,000 81,699
Lowe’s Companies, Inc.      
6.100%, 09/15/2017   180,000 216,876
McDonald’s Corp.      
5.000%, 02/01/2019   50,000 58,515
News America, Inc.      
6.650%, 11/15/2037   175,000 192,806
O’Reilly Automotive, Inc.      
4.875%, 01/14/2021   50,000 51,907
Target Corp.      
6.500%, 10/15/2037   100,000 130,819
TCI Communications, Inc.      
7.125%, 02/15/2028   110,000 135,034
The Walt Disney Company      
5.625%, 09/15/2016   90,000 105,828
Time Warner Cable, Inc.      
4.125%, 02/15/2021   60,000 59,841
Time Warner Companies, Inc.      
7.250%, 10/15/2017   100,000 119,840
Time Warner Entertainment Company LP      
8.375%, 07/15/2033   200,000 261,346
Time Warner, Inc.      
7.625%, 04/15/2031   75,000 93,806
Viacom, Inc.      
4.250%, 09/15/2015   40,000 43,077
4.500%, 03/01/2021   120,000 123,626
Vivendi SA      
5.750%, 04/04/2013 (S)   55,000 58,029
Volkswagen International Finance NV      
2.875%, 04/01/2016 (S)   60,000 60,525

 

369

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)      
Yum! Brands, Inc.      
6.250%, 03/15/2018 $ 90,000 $ 106,507
      2,660,946
Consumer Staples - 2.23%      
Altria Group, Inc.      
8.500%, 11/10/2013   80,000 91,252
9.250%, 08/06/2019   160,000 209,964
Anheuser-Busch InBev Worldwide, Inc.      
6.875%, 11/15/2019   120,000 152,866
7.750%, 01/15/2019   105,000 136,513
Bottling Group LLC      
5.125%, 01/15/2019   105,000 122,783
Brown-Forman Corp.      
2.500%, 01/15/2016   50,000 51,365
5.000%, 02/01/2014   105,000 114,241
Clorox Company      
5.950%, 10/15/2017   95,000 103,071
ConAgra Foods, Inc.      
5.819%, 06/15/2017   62,000 68,076
9.750%, 03/01/2021   63,000 86,905
CVS Caremark Corp.      
4.125%, 05/15/2021   60,000 62,543
6.125%, 08/15/2016   105,000 121,520
CVS Pass-Through Trust      
8.353%, 07/10/2031 (S)   96,192 119,387
Diageo Capital PLC      
4.828%, 07/15/2020   95,000 106,449
General Mills, Inc.      
5.650%, 02/15/2019   85,000 100,768
Kellogg Company      
4.150%, 11/15/2019   30,000 33,174
Kimberly-Clark Corp.      
7.500%, 11/01/2018   80,000 105,786
Kraft Foods, Inc.      
6.125%, 02/01/2018   90,000 105,749
6.750%, 02/19/2014   85,000 94,899
6.875%, 02/01/2038   40,000 50,548
Mead Johnson Nutrition Company      
4.900%, 11/01/2019   30,000 33,604
PepsiCo, Inc.      
5.500%, 01/15/2040   60,000 75,131
7.900%, 11/01/2018   17,000 22,644
Philip Morris International, Inc.      
4.125%, 05/17/2021   60,000 64,876
6.875%, 03/17/2014   90,000 102,172
Ralcorp Holdings, Inc.      
6.625%, 08/15/2039   70,000 70,375
SABMiller PLC      
6.500%, 07/15/2018 (S)   90,000 108,340
Safeway, Inc.      
6.350%, 08/15/2017   135,000 156,282
Tate & Lyle International Finance PLC      
5.000%, 11/15/2014 (S)   90,000 97,435
Tesco PLC      
6.150%, 11/15/2037 (S)   100,000 123,730
The Coca-Cola Company      
3.150%, 11/15/2020   60,000 62,024
The Kroger Company      
3.900%, 10/01/2015   40,000 42,768
6.400%, 08/15/2017   100,000 118,659
Wal-Mart Stores, Inc.      
4.125%, 02/01/2019   100,000 111,952
6.200%, 04/15/2038   125,000 161,607
7.550%, 02/15/2030   110,000 157,327

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Walgreen Company      
5.250%, 01/15/2019 $ 105,000 $ 124,415
 
      3,671,200
Energy - 2.80%      
Anadarko Petroleum Corp.      
6.450%, 09/15/2036   80,000 84,816
Apache Corp.      
6.000%, 09/15/2013   75,000 82,068
Boardwalk Pipelines LP      
5.750%, 09/15/2019   60,000 67,046
BP Capital Markets PLC      
5.250%, 11/07/2013   80,000 86,149
Cameron International Corp.      
7.000%, 07/15/2038   20,000 24,792
Canadian Natural Resources, Ltd.      
6.250%, 03/15/2038   70,000 83,196
Cenovus Energy, Inc.      
5.700%, 10/15/2019   40,000 46,236
Chevron Corp.      
4.950%, 03/03/2019   90,000 107,320
ConocoPhillips      
5.750%, 02/01/2019   100,000 119,703
DCP Midstream LLC      
9.700%, 12/01/2013 (S)   90,000 103,207
9.750%, 03/15/2019 (S)   95,000 126,542
Devon Financing Corp. ULC      
7.875%, 09/30/2031   40,000 56,134
Enbridge Energy Partners LP      
9.875%, 03/01/2019   125,000 165,894
Ensco PLC      
4.700%, 03/15/2021   60,000 61,242
Enterprise Products Operating LLC      
6.650%, 04/15/2018   40,000 47,273
9.750%, 01/31/2014   60,000 70,218
EOG Resources, Inc.      
4.100%, 02/01/2021   60,000 64,276
GlobalSantaFe Corp.      
5.000%, 02/15/2013   100,000 104,009
Hess Corp.      
8.125%, 02/15/2019   60,000 77,420
Kinder Morgan Energy Partners LP      
5.850%, 09/15/2012   80,000 83,250
6.375%, 03/01/2041   60,000 63,848
6.500%, 09/01/2039   40,000 43,078
7.300%, 08/15/2033   80,000 95,289
9.000%, 02/01/2019   60,000 76,726
Marathon Oil Corp.      
6.000%, 10/01/2017   34,000 38,886
Nabors Industries, Inc.      
9.250%, 01/15/2019   105,000 132,967
Nexen, Inc.      
6.200%, 07/30/2019   120,000 137,058
Noble Holding International, Ltd.      
6.050%, 03/01/2041   50,000 57,344
7.375%, 03/15/2014   100,000 113,087
Occidental Petroleum Corp.      
4.100%, 02/01/2021   50,000 54,319
ONEOK Partners LP      
6.650%, 10/01/2036   85,000 99,064
Pemex Project Funding Master Trust      
7.375%, 12/15/2014   260,000 296,400
Petro-Canada      
5.950%, 05/15/2035   70,000 76,263
6.050%, 05/15/2018   125,000 145,352

 

370

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Energy (continued)      
Petrobras International Finance Company      
8.375%, 12/10/2018 $ 90,000 $ 106,200
Petroleos Mexicanos      
5.500%, 01/21/2021   70,000 73,500
Plains All American Pipeline LP/PAA      
Finance Corp.      
8.750%, 05/01/2019   60,000 76,655
Rockies Express Pipeline LLC      
3.900%, 04/15/2015 (S)   60,000 61,525
Shell International Finance BV      
6.375%, 12/15/2038   90,000 122,966
Statoil ASA      
3.125%, 08/17/2017   30,000 31,803
Talisman Energy, Inc.      
3.750%, 02/01/2021   60,000 58,343
6.250%, 02/01/2038   110,000 124,188
The Williams Companies, Inc.      
7.875%, 09/01/2021   60,000 71,227
Tosco Corp.      
8.125%, 02/15/2030   110,000 157,504
Total Capital SA      
3.125%, 10/02/2015   40,000 42,488
4.125%, 01/28/2021   40,000 43,601
4.250%, 12/15/2021   60,000 65,392
TransCanada PipeLines, Ltd.      
5.850%, 03/15/2036   85,000 102,162
Valero Energy Corp.      
6.125%, 06/15/2017   100,000 111,349
7.500%, 04/15/2032   30,000 34,755
Weatherford International, Ltd.      
5.500%, 02/15/2016   120,000 130,774
Williams Partners LP      
5.250%, 03/15/2020   90,000 96,930
 
      4,601,834
Financials - 9.80%      
AEGON Funding Company LLC      
5.750%, 12/15/2020   50,000 53,344
African Development Bank      
6.875%, 10/15/2015   35,000 41,711
Allied World Assurance Company, Ltd.      
7.500%, 08/01/2016   115,000 130,686
American Express Bank FSB      
3.150%, 12/09/2011   250,000 251,431
American Express Company      
8.125%, 05/20/2019   50,000 63,177
American Express Credit Corp.      
7.300%, 08/20/2013   100,000 109,473
American International Group, Inc.      
5.450%, 05/18/2017   120,000 114,991
Asian Development Bank      
5.593%, 07/16/2018   250,000 308,326
Banco Bradesco SA/Cayman Islands      
4.125%, 05/16/2016 (S)   200,000 199,000
Bank of America Corp.      
2.100%, 04/30/2012   205,000 207,223
3.125%, 06/15/2012   125,000 127,569
5.000%, 05/13/2021   50,000 44,670
5.420%, 03/15/2017   100,000 86,936
6.500%, 08/01/2016   80,000 79,492
Barclays Bank PLC      
5.125%, 01/08/2020   100,000 98,120
5.450%, 09/12/2012   105,000 107,628
BB&T Corp.      
5.200%, 12/23/2015   105,000 112,861

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Berkshire Hathaway Finance Corp.      
4.250%, 01/15/2021 $ 60,000 $ 63,055
5.400%, 05/15/2018   105,000 120,014
Berkshire Hathaway, Inc.      
3.200%, 02/11/2015   120,000 126,225
BNP Paribas      
3.250%, 03/11/2015   120,000 116,676
Boston Properties LP      
4.125%, 05/15/2021   60,000 57,628
BRE Properties, Inc.      
5.200%, 03/15/2021   60,000 62,876
Capital One Financial Corp.      
7.375%, 05/23/2014   110,000 122,917
Chubb Corp.      
5.750%, 05/15/2018   50,000 58,880
Citigroup Funding, Inc.      
1.875%, 11/15/2012   70,000 71,200
Citigroup, Inc.      
2.125%, 04/30/2012   210,000 212,321
2.875%, 12/09/2011   250,000 251,284
5.500%, 04/11/2013   125,000 128,665
5.875%, 02/22/2033   220,000 184,394
8.500%, 05/22/2019   80,000 96,732
CNA Financial Corp.      
5.750%, 08/15/2021   60,000 60,629
7.350%, 11/15/2019   60,000 66,522
Credit Suisse AG      
5.400%, 01/14/2020   60,000 57,714
Credit Suisse Guernsey, Ltd. (5.860% to      
05/15/2017, then 3 month      
LIBOR + 1.690%), 05/15/2017      
(Q)   90,000 70,650
Credit Suisse USA, Inc.      
4.875%, 01/15/2015   125,000 131,687
Deutsche Bank AG      
3.875%, 08/18/2014   130,000 132,735
4.875%, 05/20/2013   210,000 217,045
Discover Financial Services      
10.250%, 07/15/2019   120,000 145,401
Dresdner Bank AG      
7.250%, 09/15/2015   80,000 74,847
ERAC USA Finance LLC      
5.250%, 10/01/2020 (S)   60,000 65,811
European Investment Bank      
2.375%, 03/14/2014   210,000 218,698
4.625%, 05/15/2014 to 10/20/2015   305,000 341,550
4.875%, 01/17/2017   200,000 234,470
FIH Erhvervsbank A/S      
2.450%, 08/17/2012 (S)   70,000 71,097
First Horizon National Corp.      
5.375%, 12/15/2015   50,000 50,635
FleetBoston Financial Corp.      
6.700%, 07/15/2028   125,000 120,337
General Electric Capital Corp.      
2.200%, 06/08/2012   105,000 106,431
3.000%, 12/09/2011   125,000 125,666
6.000%, 08/07/2019   60,000 67,620
6.750%, 03/15/2032   230,000 263,112
6.875%, 01/10/2039   105,000 120,799
Harley-Davidson Funding Corp.      
5.750%, 12/15/2014 (S)   60,000 65,462
Hartford Financial Services Group, Inc.      
5.950%, 10/15/2036   50,000 43,935
Health Care REIT, Inc.      
4.950%, 01/15/2021   60,000 57,710

 

371

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Hospitality Properties Trust      
7.875%, 08/15/2014 $ 70,000 $ 76,012
HSBC Holdings PLC      
6.500%, 09/15/2037   205,000 201,660
Inter-American Development Bank      
7.000%, 06/15/2025   60,000 86,426
International Bank for Reconstruction &      
Development      
8.625%, 10/15/2016   100,000 132,877
International Finance Corp.      
3.500%, 05/15/2013   65,000 67,849
Jefferies Group, Inc.      
5.125%, 04/13/2018   60,000 56,248
John Deere Capital Corp.      
4.950%, 12/17/2012   172,000 180,255
JPMorgan Chase & Company      
3.125%, 12/01/2011   215,000 215,998
4.350%, 08/15/2021   110,000 111,324
4.750%, 05/01/2013   125,000 131,432
6.400%, 05/15/2038   125,000 142,881
Kemper Corp.      
6.000%, 11/30/2015   120,000 126,124
KeyCorp      
3.750%, 08/13/2015   60,000 61,843
6.500%, 05/14/2013   125,000 133,346
Kimco Realty Corp.      
6.875%, 10/01/2019   60,000 68,570
Kreditanstalt fuer Wiederaufbau      
3.250%, 03/15/2013   300,000 311,706
4.375%, 03/15/2018   360,000 418,352
5.125%, 03/14/2016   100,000 117,306
Landwirtschaftliche Rentenbank      
5.125%, 02/01/2017   75,000 88,577
Lincoln National Corp.      
5.650%, 08/27/2012   50,000 51,870
Marsh & McLennan Companies, Inc.      
5.750%, 09/15/2015   19,000 21,175
MBNA Corp.      
5.000%, 06/15/2015   250,000 244,442
Merrill Lynch & Company, Inc.      
6.875%, 04/25/2018 to 11/15/2018   180,000 180,510
7.750%, 05/14/2038   125,000 116,369
MetLife, Inc.      
6.817%, 08/15/2018   190,000 223,083
Moody’s Corp.      
5.500%, 09/01/2020   60,000 64,092
Morgan Stanley      
2.250%, 03/13/2012   100,000 100,873
3.250%, 12/01/2011   125,000 125,617
7.300%, 05/13/2019   210,000 216,649
Nomura Holdings, Inc.      
4.125%, 01/19/2016   110,000 111,689
Nordic Investment Bank      
2.375%, 12/15/2011   125,000 125,520
Northern Trust Corp.      
3.450%, 11/04/2020   60,000 61,607
Oesterreichische Kontrollbank AG      
4.875%, 02/16/2016   50,000 57,495
PartnerRe Finance B LLC      
5.500%, 06/01/2020   60,000 62,472
PNC Funding Corp.      
2.300%, 06/22/2012   125,000 126,719
4.250%, 09/21/2015   40,000 43,216
5.625%, 02/01/2017   80,000 86,918
6.700%, 06/10/2019   80,000 96,156

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
ProLogis LP      
5.625%, 11/15/2016 $ 185,000 $ 187,790
Prudential Financial, Inc.      
3.875%, 01/14/2015   30,000 30,677
4.750%, 04/01/2014 to 09/17/2015   175,000 182,689
5.375%, 06/21/2020   60,000 63,043
Reinsurance Group of America, Inc.      
5.000%, 06/01/2021   50,000 52,501
Royal Bank of Canada      
2.100%, 07/29/2013   160,000 164,100
Royal Bank of Scotland Group PLC      
5.000%, 11/12/2013   100,000 94,660
Senior Housing Properties Trust      
4.300%, 01/15/2016   110,000 109,853
Simon Property Group LP      
5.875%, 03/01/2017   80,000 89,981
SLM Corp.      
8.000%, 03/25/2020   90,000 88,848
State Street Corp.      
2.150%, 04/30/2012   90,000 91,003
SunTrust Banks, Inc.      
6.000%, 09/11/2017   105,000 116,090
The Allstate Corp.      
5.950%, 04/01/2036   100,000 112,082
The Bank of New York Mellon Corp.      
4.500%, 04/01/2013   155,000 163,523
The Bear Stearns Companies LLC      
7.250%, 02/01/2018   310,000 365,785
The Goldman Sachs Group, Inc.      
3.250%, 06/15/2012   125,000 127,651
5.500%, 11/15/2014   250,000 261,363
6.125%, 02/15/2033   125,000 125,776
6.150%, 04/01/2018   185,000 191,905
7.500%, 02/15/2019   240,000 268,112
The Travelers Companies, Inc.      
5.900%, 06/02/2019   80,000 93,328
Toyota Motor Credit Corp.      
3.400%, 09/15/2021   60,000 60,611
Travelers Property Casualty Corp.      
7.750%, 04/15/2026   50,000 66,324
UBS AG/Stamford CT      
5.750%, 04/25/2018   185,000 190,492
US Bancorp      
2.250%, 03/13/2012   100,000 100,914
2.450%, 07/27/2015   60,000 61,602
US Central Federal Credit Union      
1.900%, 10/19/2012   70,000 71,217
Ventas Realty LP/Ventas Capital Corp.      
4.750%, 06/01/2021   60,000 57,706
Vornado Realty LP      
4.250%, 04/01/2015   60,000 62,248
WEA Finance LLC/WT Finance      
Australia Pty, Ltd.      
7.500%, 06/02/2014 (S)   150,000 167,392
Wells Fargo & Company      
3.000%, 12/09/2011   125,000 125,634
5.000%, 11/15/2014   105,000 110,322
5.625%, 12/11/2017   185,000 209,391
Westpac Banking Corp.      
3.000%, 12/09/2015   80,000 81,343
Willis North America, Inc.      
7.000%, 09/29/2019   50,000 57,909
Xl Group Ltd.      
5.750%, 10/01/2021   50,000 49,749

 

372

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Xstrata Finance Canada, Ltd.      
5.800%, 11/15/2016 (S) $ 105,000 $ 115,522
      16,134,462
Health Care - 1.47%      
Abbott Laboratories      
4.125%, 05/27/2020   60,000 66,507
4.350%, 03/15/2014   120,000 130,438
Aetna, Inc.      
3.950%, 09/01/2020   60,000 62,100
6.000%, 06/15/2016   105,000 121,113
Amgen, Inc.      
5.700%, 02/01/2019   50,000 59,834
5.750%, 03/15/2040   40,000 48,698
AstraZeneca PLC      
5.900%, 09/15/2017   105,000 125,546
Baxter International, Inc.      
5.900%, 09/01/2016   50,000 59,111
Becton Dickinson and Company      
3.250%, 11/12/2020   60,000 61,528
Bristol-Myers Squibb Company      
6.800%, 11/15/2026   55,000 73,012
Covidien International Finance SA      
6.000%, 10/15/2017   110,000 130,720
Eli Lilly & Company      
7.125%, 06/01/2025   80,000 107,526
Gilead Sciences, Inc.      
4.500%, 04/01/2021   60,000 64,764
GlaxoSmithKline Capital, Inc.      
4.375%, 04/15/2014   105,000 114,038
6.375%, 05/15/2038   50,000 67,205
Howard Hughes Medical Institute      
3.450%, 09/01/2014   70,000 74,480
Johnson & Johnson      
2.150%, 05/15/2016   50,000 51,639
5.850%, 07/15/2038   100,000 132,987
Life Technologies Corp.      
5.000%, 01/15/2021   60,000 62,209
Novartis Securities Investment, Ltd.      
5.125%, 02/10/2019   80,000 94,548
Pharmacia Corp.      
6.500%, 12/01/2018   105,000 131,350
Quest Diagnostics, Inc.      
5.450%, 11/01/2015   30,000 33,674
St. Jude Medical, Inc.      
4.875%, 07/15/2019   50,000 57,547
UnitedHealth Group, Inc.      
4.875%, 03/15/2015   12,000 13,301
5.800%, 03/15/2036   40,000 46,469
WellPoint, Inc.      
6.375%, 06/15/2037   175,000 213,005
Wyeth      
5.500%, 03/15/2013   200,000 213,763
 
      2,417,112
Industrials - 1.78%      
Allied Waste North America, Inc.      
6.875%, 06/01/2017   70,000 74,813
Burlington Northern Santa Fe LLC      
4.700%, 10/01/2019   60,000 66,932
7.000%, 02/01/2014   125,000 141,342
Canadian Pacific Railway Company      
4.450%, 03/15/2023   60,000 63,540
Caterpillar Financial Services Corp.      
6.125%, 02/17/2014   100,000 111,586

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Industrials (continued)      
Caterpillar, Inc.      
7.900%, 12/15/2018 $ 95,000 $ 127,476
CSX Corp.      
6.250%, 04/01/2015   100,000 115,449
7.375%, 02/01/2019   105,000 133,179
Emerson Electric Company      
4.875%, 10/15/2019   80,000 92,990
FedEx Corp.      
8.000%, 01/15/2019   50,000 65,321
Fluor Corp.      
3.375%, 09/15/2021   60,000 60,080
General Dynamics Corp.      
5.250%, 02/01/2014   90,000 98,937
General Electric Company      
5.000%, 02/01/2013   190,000 199,008
Honeywell International, Inc.      
3.875%, 02/15/2014   85,000 91,416
Ingersoll-Rand Global Holding Company, Ltd.    
6.875%, 08/15/2018   110,000 135,032
Northrop Grumman Corp.      
3.500%, 03/15/2021   150,000 151,092
Pitney Bowes, Inc.      
6.250%, 03/15/2019   50,000 56,293
Roper Industries, Inc.      
6.250%, 09/01/2019   40,000 47,359
Snap-On, Inc.      
6.125%, 09/01/2021   70,000 84,362
Stanley Black & Decker, Inc.      
6.150%, 10/01/2013   60,000 65,264
The Boeing Company      
8.750%, 09/15/2031   90,000 137,797
Tyco Electronics Group SA      
6.550%, 10/01/2017   200,000 235,262
Union Pacific Corp.      
4.000%, 02/01/2021   60,000 63,796
6.625%, 02/01/2029   85,000 110,157
United Technologies Corp.      
5.375%, 12/15/2017   100,000 116,070
6.125%, 02/01/2019   125,000 153,462
Waste Management, Inc.      
4.600%, 03/01/2021   60,000 64,457
6.125%, 11/30/2039   50,000 60,770
 
      2,923,242
Information Technology - 0.81%      
Cisco Systems, Inc.      
3.150%, 03/14/2017   60,000 63,119
5.900%, 02/15/2039   80,000 96,344
Dell, Inc.      
4.700%, 04/15/2013   130,000 137,075
5.400%, 09/10/2040   60,000 61,947
eBay, Inc.      
3.250%, 10/15/2020   60,000 59,725
Google, Inc.      
3.625%, 05/19/2021   50,000 53,114
Hewlett-Packard Company      
2.125%, 09/13/2015   60,000 59,510
3.750%, 12/01/2020   60,000 58,368
4.750%, 06/02/2014   95,000 102,107
International Business Machines Corp.      
6.500%, 10/15/2013   140,000 155,574
Microsoft Corp.      
2.950%, 06/01/2014   80,000 84,941
Oracle Corp.      
5.750%, 04/15/2018   145,000 172,940

 

373

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Information Technology (continued)      
SAIC, Inc.      
4.450%, 12/01/2020 (S) $ 50,000 $ 54,267
The Western Union Company      
3.650%, 08/22/2018   100,000 101,036
Xerox Corp.      
6.750%, 12/15/2039   60,000 71,339
 
      1,331,406
Materials - 0.86%      
Agrium, Inc.      
6.750%, 01/15/2019   100,000 121,223
Alcoa, Inc.      
6.750%, 07/15/2018   100,000 107,221
ArcelorMittal      
5.375%, 06/01/2013   155,000 158,178
6.125%, 06/01/2018   70,000 67,645
Cliffs Natural Resources, Inc.      
4.875%, 04/01/2021   60,000 58,078
Commercial Metals Company      
7.350%, 08/15/2018   110,000 112,002
CRH America, Inc.      
8.125%, 07/15/2018   50,000 58,542
E.I. du Pont de Nemours & Company      
3.625%, 01/15/2021   180,000 188,169
5.875%, 01/15/2014   15,000 16,541
POSCO      
4.250%, 10/28/2020 (S)   100,000 93,218
Potash Corp. of Saskatchewan, Inc.      
4.875%, 03/30/2020   20,000 22,458
PPG Industries, Inc.      
3.600%, 11/15/2020   60,000 61,983
Rio Tinto Alcan, Inc.      
6.125%, 12/15/2033   100,000 117,477
Rio Tinto Finance USA, Ltd.      
6.500%, 07/15/2018   70,000 84,083
The Dow Chemical Company      
5.700%, 05/15/2018   50,000 55,694
5.900%, 02/15/2015   60,000 66,264
The Sherwin-Williams Company      
3.125%, 12/15/2014   30,000 31,705
 
      1,420,481
Telecommunication Services - 1.63%      
America Movil SAB de CV      
5.000%, 03/30/2020   61,000 64,416
American Tower Corp.      
4.500%, 01/15/2018   60,000 60,130
Ameritech Capital Funding Corp.      
6.875%, 10/15/2027   60,000 68,767
AT&T, Inc.      
5.625%, 06/15/2016   80,000 91,261
6.700%, 11/15/2013   90,000 99,991
BellSouth Corp.      
6.875%, 10/15/2031   200,000 249,680
British Telecommunications PLC      
9.875%, 12/15/2030   60,000 86,968
CenturyLink, Inc.      
7.600%, 09/15/2039   50,000 45,063
COX Communications, Inc.      
9.375%, 01/15/2019 (S)   125,000 173,184
Deutsche Telekom International Finance BV      
8.750%, 06/15/2030   146,000 195,102
Qwest Corp.      
8.375%, 05/01/2016   70,000 76,825

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Telecommunication Services (continued)      
Telecom Italia Capital SA      
7.721%, 06/04/2038 $ 80,000 $ 76,426
Telefonica Europe BV      
8.250%, 09/15/2030   100,000 112,073
Verizon Communications, Inc.      
4.600%, 04/01/2021   110,000 121,767
5.250%, 04/15/2013   130,000 138,216
6.900%, 04/15/2038   190,000 245,668
Verizon Wireless Capital LLC      
7.375%, 11/15/2013   100,000 112,166
8.500%, 11/15/2018   60,000 80,038
Vodafone Group PLC      
3.375%, 11/24/2015   160,000 168,149
4.375%, 03/16/2021   110,000 119,631
5.375%, 01/30/2015   190,000 211,572
5.450%, 06/10/2019   80,000 93,898
 
      2,690,991
Utilities - 2.20%      
Centerpoint Energy Resources Corp.      
4.500%, 01/15/2021   77,000 79,299
Consolidated Edison Company of New      
York, Inc.      
7.125%, 12/01/2018   95,000 121,406
Constellation Energy Group, Inc.      
5.150%, 12/01/2020   60,000 61,274
Dominion Resources, Inc.      
5.000%, 03/15/2013   95,000 100,438
5.200%, 08/15/2019   110,000 127,173
DTE Energy Company      
6.350%, 06/01/2016   60,000 69,141
Duke Energy Carolinas LLC      
5.625%, 11/30/2012   100,000 104,933
6.000%, 01/15/2038   50,000 63,935
7.000%, 11/15/2018   90,000 115,159
E.ON International Finance BV      
5.800%, 04/30/2018 (S)   140,000 160,732
Enel Finance International NV      
5.125%, 10/07/2019 (S)   100,000 93,842
Entergy Corp.      
5.125%, 09/15/2020   70,000 72,104
Entergy Texas, Inc.      
7.125%, 02/01/2019   50,000 60,682
Exelon Generation Company LLC      
6.250%, 10/01/2039   40,000 46,604
FirstEnergy Corp.      
6.450%, 11/15/2011   2,000 2,011
FirstEnergy Solutions Corp.      
6.050%, 08/15/2021   60,000 66,535
Florida Power & Light Company      
5.650%, 02/01/2037   60,000 73,673
Georgia Power Company      
5.950%, 02/01/2039   100,000 127,660
Indiana Michigan Power Company      
6.050%, 03/15/2037   187,000 223,220
NextEra Energy Capital Holdings, Inc.      
7.875%, 12/15/2015   90,000 107,428
NiSource Finance Corp.      
6.800%, 01/15/2019   130,000 151,803
Oglethorpe Power Corp.      
5.375%, 11/01/2040   60,000 68,231
Oncor Electric Delivery Company LLC      
7.500%, 09/01/2038   58,000 82,855
Pacific Gas & Electric Company      
3.500%, 10/01/2020   60,000 61,590

 

374

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Utilities (continued)      
Pacific Gas & Electric Company (continued)    
6.050%, 03/01/2034 $ 60,000 $ 71,781
6.250%, 12/01/2013   135,000 149,010
PacifiCorp      
6.000%, 01/15/2039   105,000 132,861
Pennsylvania Electric Company      
5.200%, 04/01/2020   70,000 78,352
PPL WEM Holdings PLC      
5.375%, 05/01/2021 (S)   60,000 64,001
Progress Energy, Inc.      
4.400%, 01/15/2021   55,000 59,302
Public Service Electric & Gas Company      
6.330%, 11/01/2013   120,000 132,305
San Diego Gas & Electric Company      
6.125%, 09/15/2037   60,000 80,088
Southern California Edison Company      
5.350%, 07/15/2035   130,000 154,924
Southern Company      
2.375%, 09/15/2015   100,000 102,053
Southwestern Public Service Company      
8.750%, 12/01/2018   70,000 95,423
Virginia Electric and Power Company      
3.450%, 09/01/2022   50,000 51,332
8.875%, 11/15/2038   70,000 114,807
Wisconsin Electric Power Company      
6.000%, 04/01/2014   80,000 89,594
 
      3,617,561
TOTAL CORPORATE BONDS (Cost $36,289,763) $ 41,469,235
 
CAPITAL PREFERRED SECURITIES - 0.11%    
Industrials - 0.11%      
Hutchison Whampoa International 10, Ltd.      
(6.000% to 10/28/2015, then 3 month      
LIBOR + 5.635%), 10/28/2015 (Q)(S)   190,000 181,925
TOTAL CAPITAL PREFERRED SECURITIES (Cost $190,000) $ 181,925
 
MUNICIPAL BONDS - 0.70%      
California - 0.11%      
State of California      
7.500%, 04/01/2034   80,000 95,719
University of California      
5.770%, 05/15/2043   70,000 81,112
 
      176,831
District of Columbia - 0.03%      
Metropolitan Washington Airports Authority    
7.462%, 10/01/2046   40,000 46,492
Illinois - 0.11%      
State of Illinois      
5.100%, 06/01/2033   115,000 105,637
7.350%, 07/01/2035   60,000 68,348
 
      173,985
Maryland - 0.04%      
Maryland State Transportation Authority      
5.888%, 07/01/2043   60,000 74,351
New Jersey - 0.07%      
New Jersey State Turnpike Authority      
7.102%, 01/01/2041   90,000 122,731
New York - 0.10%      
New York State Dormitory Authority      
5.628%, 03/15/2039   70,000 85,282

 

Total Bond Market Trust B (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
MUNICIPAL BONDS (continued)      
New York (continued)      
New York State Urban Development Corp.      
5.770%, 03/15/2039 $ 60,000 $ 71,536
 
      156,818
North Carolina - 0.04%      
North Carolina Turnpike Authority      
6.700%, 01/01/2039   60,000 68,685
Texas - 0.09%      
State of Texas      
5.517%, 04/01/2039   60,000 75,332
Texas Transportation Commission      
5.178%, 04/01/2030   60,000 68,923
 
      144,255
Utah - 0.08%      
State of Utah      
3.539%, 07/01/2025   80,000 85,013
4.554%, 07/01/2024   40,000 46,916
 
      131,929
Washington - 0.03%      
State of Washington      
5.481%, 08/01/2039   40,000 49,502
TOTAL MUNICIPAL BONDS (Cost $980,949) $ 1,145,579
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 4.50%      
Commercial & Residential - 4.50%      
Banc of America Commercial Mortgage, Inc.,    
Series 2006-4, Class A4      
5.634%, 07/10/2046   210,000 227,364
Bear Stearns Commercial Mortgage Securities    
Series 2004-PWR3, Class A4,      
4.715%, 02/11/2041   500,000 522,388
Series 2005-T20, Class A3,      
5.295%, 10/12/2042 (P)   530,000 539,302
Series 2006-PW12, Class A4,      
5.903%, 09/11/2038 (P)   190,000 208,728
Citigroup Commercial Mortgage Trust,      
Series 2006-C4, Class A1      
5.922%, 03/15/2049 (P)   31,721 31,686
Citigroup/Deutsche Bank Commercial      
Mortgage Trust, Series 2006-CD2, Class A4    
5.526%, 01/15/2046 (P)   170,000 180,149
Credit Suisse First Boston Mortgage      
Securities Corp., Series 2005-C3, Class A3    
4.645%, 07/15/2037   60,000 62,383
GE Capital Commercial Mortgage Corp.,      
Series 2005-C1, Class A3      
4.578%, 06/10/2048   100,000 102,564
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2004-CB8, Class A4,      
4.404%, 01/12/2039   400,000 417,870
Series 2005-LDP4, Class A4,      
4.918%, 10/15/2042 (P)   150,000 161,278
Series 2005-CB11, Class A3,      
5.197%, 08/12/2037   298,577 301,966
Series 2005-LDP5, Class A4,      
5.372%, 12/15/2044 (P)   835,000 915,466
Series 2005-CB13, Class A3A1,      
5.455%, 01/12/2043 (P)   80,000 81,617
LB Commercial Conduit Mortgage Trust,      
Series 2007-C3, Class A4      
6.140%, 07/15/2044 (P)   180,000 195,191

 

375

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)      
Merrill Lynch Mortgage Trust      
Series 2008-C1, Class A4,      
5.690%, 02/12/2051 $ 440,000 $ 469,978
Series 2006-C1, Class AM,      
5.855%, 05/12/2039 (P)   800,000 763,610
Morgan Stanley Capital I      
Series 2011, Class C10,      
5.033%, 09/15/2047 (P)(S)   190,000 205,191
Series 2007-T27, Class A4,      
5.795%, 06/11/2042 (P)   630,000 704,344
Prudential Commercial Mortgage Trust,      
Series 2003-PWR1, Class A2      
4.493%, 02/11/2036   450,000 464,301
Wachovia Bank Commercial Mortgage Trust    
Series 2005-C17, Class A4,      
5.083%, 03/15/2042 (P)   300,000 322,806
Series 2004-C11, Class A5,      
5.215%, 01/15/2041 (P)   500,000 531,903
TOTAL COLLATERALIZED MORTGAGE    
OBLIGATIONS (Cost $6,907,243)   $ 7,410,085
 
ASSET BACKED SECURITIES - 0.23%      
Mercedes-Benz Auto Receivables Trust,      
Series 2009-1, Class A3      
1.670%, 01/15/2014   86,429 86,759
Detroit Edison Securitization Funding LLC,    
Series 2001-1, Class A6      
6.620%, 03/01/2016   250,000 288,403
TOTAL ASSET BACKED SECURITIES (Cost $371,609) $ 375,162
 
SECURITIES LENDING COLLATERAL - 0.99%    
John Hancock      
Collateral Investment Trust 0.2515% (W)(Y) 162,244 1,623,285
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $1,623,263)   $ 1,623,285
 
SHORT-TERM INVESTMENTS - 0.56%    
Money Market Funds - 0.56%      
State Street Institutional U.S. Government      
Money Market Fund, 0.0000% (Y)   925,285 925,285
TOTAL SHORT-TERM INVESTMENTS (Cost $925,285) $ 925,285
Total Investments (Total Bond Market Trust B)    
(Cost $150,661,045) - 100.24%   $ 164,951,605
Other assets and liabilities, net - (0.24%)     (392,066)
TOTAL NET ASSETS - 100.00%   $ 164,559,539
 
 
 
Total Return Trust    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 57.52%      
U.S. Government - 20.63%      
Treasury Inflation Protected Securities      
0.625%, 07/15/2021 (F) $ 1,002,360 $ 1,046,761
1.125%, 01/15/2021 (F)   309,822 338,432
1.750%, 01/15/2028 (F)   3,666,641 4,250,154
2.000%, 01/15/2026 (F)   5,238,622 6,229,045

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government (continued)      
Treasury Inflation Protected      
Securities (continued)      
2.375%, 01/15/2025 $ 1,558,063 $ 1,925,669
2.375%, 01/15/2027 (F)   2,128,475 2,663,088
2.500%, 01/15/2029 (F)   19,368,600 24,867,462
3.625%, 04/15/2028 (F)   1,257,102 1,809,343
3.875%, 04/15/2029 (F)   8,525,959 12,830,239
U.S. Treasury Bonds      
3.750%, 08/15/2041   250,000 292,188
U.S. Treasury Notes      
0.125%, 09/30/2013   600,000 598,547
1.375%, 09/30/2018 (F)   77,800,000 77,508,250
1.500%, 07/31/2016 to 08/31/2018   313,750,000 316,952,226
2.250%, 07/31/2018 (F)   400,000 422,594
2.625%, 08/15/2020 to 11/15/2020 (F)   79,500,000 85,204,862
3.000%, 02/28/2017   300,000 330,750
3.375%, 11/15/2019   2,200,000 2,497,860
3.500%, 05/15/2020   11,700,000 13,415,688
3.625%, 02/15/2020 to 02/15/2021 (F)   125,710,000 145,421,307
 
      698,604,465
U.S. Government Agency - 36.89%      
Federal Home Loan Mortgage Corp.      
2.000%, 08/25/2016   1,700,000 1,761,632
2.500%, 05/27/2016   1,700,000 1,801,767
2.542%, 06/01/2034 (P)   286,573 301,755
2.774%, 01/01/2029 (P)   198,457 205,666
4.000%, TBA   61,000,000 63,863,937
4.500%, TBA   19,000,000 20,102,450
4.500%, 10/01/2039 to 03/01/2041   2,869,414 3,040,542
4.875%, 06/13/2018   2,100,000 2,514,370
5.500%, 04/01/2035 to 07/01/2038   4,260,597 4,613,976
6.000%, TBA   2,000,000 2,190,777
6.000%, 03/01/2016 to 03/01/2038   139,405 152,228
Federal National Mortgage Association      
1.452%, 06/01/2043 (P)   1,185,097 1,176,275
1.625%, 10/26/2015   100,000 102,630
1.652%, 10/01/2040 (P)   187,688 187,558
2.000%, 02/18/2015 (F)   800,000 832,702
2.000%, 09/21/2015   3,000,000 3,104,145
2.243%, 09/01/2035 (P)   3,353,762 3,490,509
2.250%, 03/15/2016 (F)   11,100,000 11,657,353
3.500%, 08/01/2013 to 03/01/2041   59,787,748 61,526,869
3.996%, 05/01/2036 (P)   2,352,171 2,531,054
4.000%, TBA   28,100,000 29,461,001
4.000%, 09/01/2013 to 09/01/2041   113,668,368 119,349,897
4.375%, 10/15/2015   1,100,000 1,248,566
4.500%, TBA   196,000,000 207,964,313
4.500%, 02/01/2018 to 09/01/2041   369,048,660 391,949,924
4.700%, 09/01/2035 (P)   335,763 357,516
5.000%, TBA   53,700,000 57,760,531
5.000%, 02/01/2034 to 04/01/2037   8,953,954 9,656,774
5.028%, 05/01/2035 (P)   401,809 431,058
5.500%, TBA   46,600,000 50,578,731
5.500%, 01/01/2017 to 06/01/2040   68,690,885 74,839,800
6.000%, TBA   7,900,000 8,665,912
6.000%, 12/01/2016 to 01/01/2039   94,475,390 103,831,638
6.500%, 03/01/2036 to 11/01/2037   63,351 69,920
Government National      
Mortgage Association      
1.750%, 01/20/2032 to 02/20/2032 (P)   536,566 552,961
2.125%, 10/20/2029 to 11/20/2029 (P)   387,148 398,571
2.375%, 05/20/2023 to 05/20/2030 (P)   562,579 578,310
2.625%, 09/20/2021 (P)   48,525 49,497

 

376

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)      
Government National Mortgage      
Association (continued)      
3.500%, TBA $ 1,000,000 $ 1,041,094
3.500%, 11/20/2040   1,007,970 1,054,265
Small Business Administration      
4.504%, 02/10/2014   168,841 176,660
4.880%, 11/01/2024   99,777 108,830
5.130%, 09/01/2023   172,562 188,724
5.520%, 06/01/2024   3,357,705 3,716,320
 
      1,249,189,008
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $1,915,087,790)   $ 1,947,793,473
 
FOREIGN GOVERNMENT      
OBLIGATIONS - 9.50%      
Brazil - 0.04%      
Federative Republic of Brazil      
10.250%, 01/10/2028 BRL 2,600,000 1,451,935
Canada - 3.73%      
Canada Housing Trust      
1.375%, 01/27/2014 $ 5,200,000 5,259,696
2.750%, 09/15/2014 (S) CAD 1,000,000 995,028
2.750%, 12/15/2015   5,200,000 5,200,943
3.350%, 12/15/2020 (S)   7,200,000 7,296,741
3.800%, 06/15/2021 (S)   3,400,000 3,561,386
Government of Canada      
2.000%, 06/01/2016   1,600,000 1,571,997
2.750%, 09/01/2016   8,600,000 8,732,950
3.000%, 12/01/2015   4,800,000 4,900,178
3.250%, 06/01/2021   6,400,000 6,690,715
3.750%, 06/01/2019   1,500,000 1,622,330
4.250%, 06/01/2018   300,000 332,239
4.500%, 06/01/2015   700,000 747,355
Province of Ontario      
1.600%, 09/21/2016 $ 100,000 99,843
1.875%, 09/15/2015   1,800,000 1,836,035
4.000%, 06/02/2021 CAD 600,000 614,498
4.200%, 06/02/2020   28,900,000 30,163,944
4.300%, 03/08/2017   1,700,000 1,805,384
4.600%, 06/02/2039   1,800,000 1,955,162
4.700%, 06/02/2037   36,400,000 39,805,878
Province of Quebec      
4.500%, 12/01/2017 to 12/01/2020   2,800,000 2,990,651
 
      126,182,953
China - 0.02%      
Export-Import Bank of China      
4.875%, 07/21/2015 (S) $ 500,000 534,606
France - 2.24%      
Government of France      
3.250%, 10/25/2021 EUR 44,500,000 62,921,752
Societe Financement de      
l’Economie Francaise      
0.450%, 07/16/2012 (P)(S) $ 2,000,000 2,003,120
2.125%, 05/20/2012 EUR 2,900,000 3,908,353
3.375%, 05/05/2014 (S) $ 6,500,000 6,904,859
 
      75,738,084
Italy - 0.48%      
Republic of Italy      
2.100%, 09/15/2016 to 09/15/2021 EUR 10,709,224 12,343,915
2.350%, 09/15/2019   3,385,408 3,970,464
 
      16,314,379

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
FOREIGN GOVERNMENT      
OBLIGATIONS (continued)      
Mexico - 1.30%      
Government of Mexico      
6.000%, 06/18/2015 MXN 34,700,000 $ 2,576,969
9.000%, 12/22/2011   560,000,000 40,764,198
9.500%, 12/18/2014   7,800,000 636,578
 
      43,977,745
Panama - 0.02%      
Republic of Panama      
7.250%, 03/15/2015 $ 700,000 800,450
Russia - 0.47%      
Government of Russia      
3.625%, 04/29/2015   600,000 589,500
7.500%, 03/31/2030   13,667,000 15,357,335
 
      15,946,835
South Africa - 0.02%      
Republic of South Africa      
5.875%, 05/30/2022   500,000 556,250
South Korea - 0.52%      
Export-Import Bank of Korea      
4.125%, 09/09/2015   6,400,000 6,455,763
Korea Housing Finance Corp.      
4.125%, 12/15/2015 (S)   1,100,000 1,129,455
Republic of Korea      
4.375%, 08/10/2015   9,900,000 10,125,393
 
      17,710,611
Spain - 0.50%      
Kingdom of Spain      
3.286%, 03/25/2014 (P) EUR 6,000,000 7,745,319
4.650%, 07/30/2025   7,700,000 9,374,732
 
      17,120,051
Turkey - 0.16%      
Republic of Turkey      
7.000%, 09/26/2016 $ 4,800,000 5,304,000
TOTAL FOREIGN GOVERNMENT      
OBLIGATIONS (Cost $334,595,009)   $ 321,637,899
 
CORPORATE BONDS - 25.86%      
Consumer Discretionary - 1.28%      
Banque PSA Finance      
2.274%, 04/04/2014 (P)(S)   5,400,000 5,091,293
Comcast Cable Communications      
Holdings, Inc.      
8.375%, 03/15/2013   200,000 219,760
Comcast Corp.      
5.875%, 02/15/2018   1,000,000 1,159,737
6.450%, 03/15/2037   1,000,000 1,153,137
Daimler Finance North America LLC      
1.543%, 09/13/2013 (P)(S)   2,500,000 2,500,320
Ford Motor Credit Company LLC      
5.875%, 08/02/2021   800,000 796,863
President and Fellows of Harvard College      
6.500%, 01/15/2039 (S)   21,300,000 31,875,663
Volkswagen International Finance NV      
0.984%, 04/01/2014 (P)(S)   500,000 501,280
 
      43,298,053
Consumer Staples - 0.08%      
Anheuser-Busch Companies, Inc.      
5.500%, 01/15/2018   200,000 234,918
Kraft Foods, Inc.      
6.250%, 06/01/2012   37,000 38,311

 

377

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Consumer Staples (continued)      
Philip Morris International, Inc.      
5.650%, 05/16/2018 $ 2,000,000 $ 2,365,876
      2,639,105
Energy - 1.48%      
Cameron International Corp.      
1.257%, 06/02/2014 (P)   3,500,000 3,515,820
El Paso Corp.      
7.750%, 01/15/2032   5,475,000 6,353,902
Gazprom OAO Via Gaz Capital SA      
6.212%, 11/22/2016 (S)   700,000 705,250
Gazprom OAO Via Gazprom      
International SA      
7.201%, 02/01/2020   45,444 47,676
Gazprom OAO Via RBS AG      
9.625%, 03/01/2013   100,000 105,583
Gazprom OAO Via White Nights      
Finance BV      
10.500%, 03/08/2014   1,000,000 1,106,500
Gazprom via Gaz Capital SA      
6.510%, 03/07/2022   3,000,000 2,940,000
NGPL PipeCo LLC      
6.514%, 12/15/2012 (S)   3,200,000 3,330,864
Novatek Finance, Ltd.      
5.326%, 02/03/2016 (S)   1,100,000 1,075,250
Peabody Energy Corp.      
7.875%, 11/01/2026   1,200,000 1,308,000
Petrobras International Finance Company      
3.875%, 01/27/2016   9,100,000 9,027,200
5.875%, 03/01/2018   10,000,000 10,413,700
Petroleos Mexicanos      
5.500%, 01/21/2021   8,200,000 8,610,000
Ras Laffan Liquefied Natural Gas      
Company, Ltd. III      
5.838%, 09/30/2027 (S)   1,500,000 1,650,000
 
      50,189,745
Financials - 20.96%      
AK Transneft OJSC      
8.700%, 08/07/2018 (S)   1,300,000 1,504,750
Allstate Life Global Funding Trusts      
5.375%, 04/30/2013   3,000,000 3,179,712
Ally Financial, Inc.      
3.478%, 02/11/2014 (P)   600,000 551,413
6.000%, 05/23/2012   2,400,000 2,400,000
6.250%, 12/01/2017   2,900,000 2,528,078
6.750%, 12/01/2014   400,000 382,500
7.000%, 02/01/2012   4,000,000 4,025,000
7.500%, 09/15/2020   100,000 90,500
8.000%, 11/01/2031   5,100,000 4,660,808
8.300%, 02/12/2015   2,600,000 2,570,750
American Express Bank FSB      
6.000%, 09/13/2017   300,000 337,619
American Express Centurion Bank      
5.550%, 10/17/2012   2,500,000 2,605,235
6.000%, 09/13/2017   300,000 336,938
American Express Company      
7.000%, 03/19/2018   1,000,000 1,184,222
American Express Credit Corp.      
5.875%, 05/02/2013   2,800,000 2,969,688
American Express Travel Related Services      
Company, Inc. 5.250%, 11/21/2011 (S)   8,800,000 8,844,801
American International Group, Inc.      
0.360%, 10/18/2011 (P)   300,000 299,999
0.451%, 03/20/2012 (P)   5,200,000 5,175,867

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
American International Group, Inc. (continued)    
4.900%, 06/02/2014 CAD 6,100,000 $ 5,704,743
4.950%, 03/20/2012 $ 700,000 703,500
5.050%, 10/01/2015   800,000 783,258
5.375%, 10/18/2011   3,300,000 3,295,875
5.450%, 05/18/2017   400,000 383,303
5.850%, 01/16/2018   100,000 99,168
6.400%, 12/15/2020   1,800,000 1,836,229
8.250%, 08/15/2018   200,000 221,913
American International Group, Inc.      
(8.175% to 05/15/2038, then 3 month      
LIBOR + 4.195%) 05/15/2058   12,500,000 11,031,250
ANZ National International, Ltd.      
6.200%, 07/19/2013 (S)   3,900,000 4,165,052
Australia & New Zealand Banking      
Group, Ltd. 2.125%, 01/10/2014 (S)   4,700,000 4,717,860
Banco Nacional de Desenvolvimento      
Economico e Social      
4.125%, 09/15/2017 (S) EUR 1,100,000 1,415,071
Banco Santander Brasil SA      
4.500%, 04/06/2015 (S) $ 600,000 576,000
Banco Santander Chile      
1.501%, 04/20/2012 (P)(S)   6,100,000 6,104,282
Bank of America Corp.      
6.500%, 08/01/2016   15,700,000 15,600,368
Bank of America NA 6.000%, 10/15/2036   1,400,000 1,281,487
Bank of China Hong Kong, Ltd.      
5.550%, 02/11/2020 (S)   1,200,000 1,202,017
Bank of Montreal 2.850%, 06/09/2015 (S)   2,200,000 2,323,143
Bank of Nova Scotia      
1.650%, 10/29/2015 (S)   2,400,000 2,419,310
Barclays Bank PLC      
2.375%, 01/13/2014   1,800,000 1,761,016
2.500%, 01/23/2013   20,000,000 19,866,080
5.450%, 09/12/2012   12,500,000 12,812,813
BBVA Bancomer SA      
4.500%, 03/10/2016 (S)   1,400,000 1,302,000
6.500%, 03/10/2021 (S)   2,900,000 2,675,250
BNP Paribas SA 1.146%, 01/10/2014 (P)   9,300,000 8,674,017
BPCE SA 2.375%, 10/04/2013 (S)   900,000 875,862
C10 Capital SPV, Ltd. (6.722% to      
12/31/2016, then 3 month      
LIBOR + 4.710%) 12/31/2016 (Q)(S)   1,500,000 675,000
CIT Group, Inc.      
5.250%, 04/01/2014 (S)   1,000,000 967,500
7.000%, 05/01/2015   7,400,000 7,344,500
Citigroup, Inc.      
0.607%, 06/09/2016 (P)   9,600,000 7,992,490
2.286%, 08/13/2013 (P)   2,700,000 2,670,675
5.300%, 10/17/2012   1,600,000 1,639,690
5.500%, 08/27/2012 to 04/11/2013   14,700,000 15,118,937
5.625%, 08/27/2012   2,500,000 2,545,648
5.850%, 07/02/2013   1,000,000 1,036,254
6.125%, 08/25/2036   4,200,000 3,560,260
8.500%, 05/22/2019   1,400,000 1,692,816
Countrywide Financial Corp.      
5.800%, 06/07/2012   4,000,000 4,011,672
Credit Suisse/New York NY      
2.200%, 01/14/2014   2,200,000 2,180,739
Deutsche Bank AG/London      
6.000%, 09/01/2017   6,600,000 7,275,886
Dexia Credit Local      
0.731%, 03/05/2013 (P)(S)   25,700,000 25,632,512
0.733%, 04/29/2014 (P)(S)   11,400,000 10,736,235

 

378

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Export-Import Bank of Korea      
4.000%, 01/29/2021 $ 1,100,000 $ 1,018,184
FIH Erhvervsbank A/S      
0.708%, 06/13/2013 (P)(S)   40,100,000 40,071,970
Ford Motor Credit Company LLC      
7.000%, 10/01/2013 to 04/15/2015   1,300,000 1,365,117
7.250%, 10/25/2011   100,000 100,125
7.500%, 08/01/2012   3,500,000 3,569,573
8.000%, 06/01/2014 to 12/15/2016   1,200,000 1,307,161
Fortis Bank Nederland Holding NV      
3.000%, 04/17/2012 EUR 1,600,000 2,164,978
General Electric Capital Corp.      
5.875%, 01/14/2038 $ 4,200,000 4,315,315
General Electric Capital Corp. (5.500% to      
09/15/2017, then 3 month      
EURIBOR + 2.000%) 09/15/2067 (S) EUR 12,700,000 13,611,858
Hartford Financial Services Group, Inc.,      
(8.125% to 06/15/2018, then 3 month      
LIBOR + 4.6025%) 06/15/2038 $ 1,500,000 1,410,000
HSBC Bank PLC 2.000%, 01/19/2014 (S)   2,300,000 2,288,127
HSBC Holdings PLC      
6.500%, 05/02/2036 to 09/15/2037   2,900,000 2,881,485
ING Bank NV      
1.169%, 03/30/2012 (P)(S)   30,400,000 30,362,274
2.000%, 10/18/2013 (S)   1,200,000 1,169,562
2.650%, 01/14/2013 (S)   600,000 596,131
Intesa Sanpaolo SpA      
2.375%, 12/21/2012   21,100,000 20,504,031
2.708%, 02/24/2014 (P)(S)   5,300,000 4,772,671
JPMorgan Chase & Company      
0.992%, 09/26/2013 EUR 500,000 655,573
3.150%, 07/05/2016 $ 4,900,000 4,871,374
6.000%, 01/15/2018   2,500,000 2,786,875
JPMorgan Chase & Company (7.900% to      
04/30/2018, then 3 month      
LIBOR + 3.470%) 04/30/2018 (Q)   1,700,000 1,751,017
JPMorgan Chase Bank NA      
6.000%, 10/01/2017   5,400,000 5,681,324
KeyBank NA 0.840%, 11/21/2011 (P) EUR 200,000 267,181
Kreditanstalt fuer Wiederaufbau      
2.000%, 09/07/2016   4,900,000 6,617,365
LBG Capital No.1 PLC (8.500% to      
12/17/2021, then 3 month      
LIBOR + 6.921%) 12/17/2021 (Q)(S) $ 700,000 476,000
LeasePlan Corp. NV 3.125%, 02/10/2012 EUR 700,000 943,176
Lehman Brothers Holdings, Inc.      
2.881%, 10/22/2008 (H) $ 6,100,000 1,410,625
6.875%, 05/02/2018 (H)   1,100,000 268,125
- 11/24/2008 to 07/18/2011 (H)   21,900,000 5,064,375
Lloyds TSB Bank PLC      
4.875%, 01/21/2016   2,800,000 2,761,676
Lloyds TSB Bank PLC (12.000% to      
12/16/2024, then 3 month      
LIBOR + 11.750%) 12/16/2024 (Q)(S)   14,700,000 13,482,987
Merrill Lynch & Company, Inc.      
6.400%, 08/28/2017   4,300,000 4,172,062
6.875%, 04/25/2018   9,300,000 9,312,555
MetLife, Inc. 6.400%, 12/15/2036   1,300,000 1,154,729
Monumental Global Funding, Ltd.      
5.500%, 04/22/2013 (S)   2,300,000 2,429,327
Morgan Stanley      
1.426%, 01/16/2017 EUR 15,000,000 15,964,901
2.786%, 05/14/2013 (P) $ 9,400,000 9,089,537
7.300%, 05/13/2019   400,000 412,665

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
National Australia Bank, Ltd.      
5.350%, 06/12/2013 (S) $ 3,300,000 $ 3,488,060
Nationwide Building Society      
6.250%, 02/25/2020 (S)   5,000,000 5,045,340
Nordea Bank AB 2.125%, 01/14/2014 (S)   1,000,000 992,791
Pacific LifeCorp. 6.000%, 02/10/2020 (S)   1,200,000 1,284,449
Pricoa Global Funding I      
0.353%, 01/30/2012 (P)(S)   3,900,000 3,893,479
0.560%, 09/27/2013 (P)(S)   3,300,000 3,263,278
Principal Life Income Funding Trusts      
5.300%, 04/24/2013   2,700,000 2,862,815
5.550%, 04/27/2015   4,300,000 4,785,638
Prudential Financial, Inc.      
6.625%, 12/01/2037   900,000 987,356
Qatari Diar Finance QSC      
5.000%, 07/21/2020 (S)   900,000 960,750
Resona Bank, Ltd. (5.850% to 04/15/2016,      
then 3 month      
LIBOR + 2.770%) 04/15/2016 (Q)(S)   700,000 689,909
Royal Bank of Scotland PLC      
0.529%, 10/14/2016 (P)   1,000,000 702,790
1.105%, 09/29/2015 (P)   800,000 586,722
2.465%, 01/28/2016 (P) EUR 100,000 99,452
2.625%, 05/11/2012 (S) $ 6,300,000 6,380,054
3.950%, 09/21/2015   4,100,000 3,857,965
RZD Capital, Ltd. 5.739%, 04/03/2017   3,100,000 3,083,632
Santander US Debt SA Unipersonal      
1.169%, 03/30/2012 (P)(S)   22,700,000 22,533,359
2.991%, 10/07/2013 (S)   9,500,000 9,131,647
SLM Corp.      
3.125%, 09/17/2012 EUR 5,600,000 7,358,617
5.125%, 08/27/2012 $ 5,030,000 5,027,958
5.375%, 05/15/2014   1,300,000 1,279,866
6.250%, 01/25/2016   1,100,000 1,080,289
State Bank of India/London      
4.500%, 07/27/2015 (S)   2,900,000 2,903,956
SteelRiver Transmission Company LLC      
4.710%, 06/30/2017 (S)   3,802,743 3,929,032
Stone Street Trust 5.902%, 12/15/2015 (S)   7,500,000 7,769,700
Sumitomo Mitsui Banking Corp.      
1.950%, 01/14/2014 (S)   2,100,000 2,114,769
Suntrust Bank 0.822%, 12/20/2011 EUR 3,800,000 5,052,459
Swedbank AB 3.625%, 12/02/2011   100,000 134,399
Sydney Airport Finance      
Company Pty, Ltd.      
5.125%, 02/22/2021 (S) $ 600,000 625,655
The Goldman Sachs Group, Inc.      
1.015%, 01/30/2017 (P) EUR 1,000,000 1,107,942
1.042%, 05/23/2016 (P)   2,600,000 2,957,601
5.625%, 01/15/2017 $ 900,000 873,648
5.950%, 01/18/2018   8,200,000 8,450,567
6.150%, 04/01/2018   3,400,000 3,526,905
6.250%, 09/01/2017   6,600,000 6,879,035
6.375%, 05/02/2018 EUR 300,000 408,360
TNK-BP Finance SA      
6.125%, 03/20/2012 (S) $ 700,000 707,000
UBS AG/Stamford CT      
1.253%, 01/28/2014 (P)   1,000,000 987,517
1.403%, 02/23/2012 (P)   3,700,000 3,709,750
5.750%, 04/25/2018   2,400,000 2,471,242
5.875%, 12/20/2017   2,600,000 2,677,561
Vnesheconombank      
5.450%, 11/22/2017 (S)   1,200,000 1,146,000
Wachovia Corp.      
5.625%, 10/15/2016   300,000 324,512

 

379

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Financials (continued)      
Wachovia Corp. (continued)      
5.750%, 02/01/2018 $ 7,600,000 $ 8,571,554
Wells Fargo & Company, Series K      
(7.980% to 03/15/2018, then 3 month      
LIBOR + 3.770%) ,03/15/2018 (Q)   75,400,000 77,662,000
Westpac Banking Corp.      
0.730%, 07/16/2014 (P)(S)   1,000,000 1,011,919
3.585%, 08/14/2014 (S)   2,700,000 2,884,159
 
      709,905,030
Health Care - 0.05%      
AstraZeneca PLC      
5.900%, 09/15/2017   1,400,000 1,673,952
Industrials - 0.65%      
Caterpillar, Inc.      
0.468%, 05/21/2013 (P)   12,800,000 12,810,266
International Lease Finance Corp.      
5.300%, 05/01/2012   2,800,000 2,772,000
5.750%, 05/15/2016   800,000 711,468
6.750%, 09/01/2016 (S)   2,100,000 2,105,250
Noble Group, Ltd.      
6.750%, 01/29/2020   2,800,000 2,464,000
Odebrecht Drilling Norbe VIII/IX, Ltd.      
6.350%, 06/30/2021 (S)   1,100,000 1,089,000
 
      21,951,984
Information Technology - 0.43%      
Hewlett-Packard Company      
0.588%, 05/24/2013 (P)   14,800,000 14,632,301
Materials - 0.56%      
Braskem Finance, Ltd.      
5.750%, 04/15/2021 (S)   1,200,000 1,095,120
Corporacion Nacional del Cobre de Chile      
6.150%, 10/24/2036 (S)   400,000 486,065
CSN Islands XI Corp.      
6.875%, 09/21/2019 (S)   5,000,000 5,262,500
CSN Resources SA      
6.500%, 07/21/2020 (S)   4,300,000 4,482,750
Gerdau Holdings, Inc.      
7.000%, 01/20/2020 (S)   2,800,000 2,870,000
Gerdau Trade, Inc.      
5.750%, 01/30/2021 (S)   900,000 852,750
Rohm & Haas Company      
6.000%, 09/15/2017   2,100,000 2,375,539
Vale Overseas, Ltd.      
6.250%, 01/23/2017   700,000 758,800
6.875%, 11/21/2036   700,000 756,702
 
      18,940,226
Telecommunication Services - 0.18%      
AT&T Corp.      
7.300%, 11/15/2011   1,538,000 1,548,974
AT&T, Inc.      
4.950%, 01/15/2013   500,000 523,709
5.500%, 02/01/2018   400,000 462,188
6.300%, 01/15/2038   300,000 344,504
Qtel International Finance, Ltd.      
3.375%, 10/14/2016 (S)   200,000 200,125
4.750%, 02/16/2021 (S)   300,000 299,625
Qwest Corp.      
7.625%, 06/15/2015   2,700,000 2,889,000
 
      6,268,125

 

Total Return Trust (continued)    
  Shares or   
  Principal   
  Amount  Value
 
CORPORATE BONDS (continued)      
Utilities - 0.19%      
Dominion Resources, Inc.      
5.700%, 09/17/2012 $ 150,000 $ 156,578
ENN Energy Holdings, Ltd.      
6.000%, 05/13/2021 (S)   600,000 580,883
Nisource Finance Corp.      
6.125%, 03/01/2022   4,800,000 5,446,901
PSEG Power LLC      
6.950%, 06/01/2012   100,000 103,776
 
      6,288,138
TOTAL CORPORATE BONDS (Cost $891,800,884) $ 875,786,659
 
CAPITAL PREFERRED SECURITIES - 0.65%    
Financials - 0.65%      
BAC Capital Trust VII      
5.250%, 08/10/2035 GBP 900,000 828,042
Citigroup Capital XXI (8.300% to      
12/21/2037, then 3 month      
LIBOR + 4.170%)      
12/21/2057 $ 13,700,000 13,426,000
JPMorgan Chase Capital XX      
6.550%, 09/29/2036   700,000 708,445
MUFG Capital Finance 5, Ltd. (6.299% to      
01/25/2017, then 6 month GBP      
LIBOR + 2.060%)      
01/25/2017 (Q) GBP 700,000 998,796
RBS Capital Trust I (4.709% to      
07/01/2013, then 3 month      
LIBOR + 1.865%)      
07/01/2013 (I)(Q) $ 2,100,000 945,000
State Street Capital Trust IV      
1.347%, 06/15/2037 (P)   600,000 411,116
UBS Preferred Funding Trust V (6.243%      
to 05/15/2016, then 3 month      
LIBOR + 1.615%)      
05/15/2016 (Q)   5,400,000 4,009,500
USB Capital IX      
3.500%, 11/28/2011 (P)(Q)   500,000 352,505
ZFS Finance USA Trust IV (5.875% to      
05/09/2012, then 3 month      
LIBOR + 1.815%)      
05/09/2032 (S)   438,000 434,150
 
      22,113,554
TOTAL CAPITAL PREFERRED      
SECURITIES (Cost $22,967,876)   $ 22,113,554
 
CONVERTIBLE BONDS - 0.54%      
Energy - 0.54%      
Transocean, Inc.      
1.500%, 12/15/2037   18,400,000 18,147,000
TOTAL CONVERTIBLE BONDS (Cost $17,139,092) $ 18,147,000
 
MUNICIPAL BONDS - 3.80%      
Alaska - 0.22%      
Northern Tobacco Securitization Corp.      
5.000%, 06/01/2046   12,000,000 7,548,840
California - 1.18%      
Bay Area Toll Authority      
7.043%, 04/01/2050   4,200,000 5,668,908
California Infrastructure & Economic      
Development Bank      
6.486%, 05/15/2049   1,100,000 1,284,030

 

380

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
California (continued)      
California State University      
6.484%, 11/01/2041 $ 2,000,000 $ 2,343,940
City of Los Angeles, CA      
5.713%, 06/01/2039   1,000,000 1,167,920
Los Angeles County Public Works      
Financing Authority      
7.488%, 08/01/2033   500,000 621,745
7.618%, 08/01/2040   800,000 1,014,504
Los Angeles Unified School District      
4.500%, 07/01/2022   6,200,000 6,606,720
6.758%, 07/01/2034   3,300,000 4,156,251
State of California      
5.650%, 04/01/2039 (P)   1,200,000 1,274,280
7.500%, 04/01/2034   1,300,000 1,555,437
7.550%, 04/01/2039   1,300,000 1,608,737
7.600%, 11/01/2040   2,600,000 3,249,402
University of California      
6.398%, 05/15/2031   500,000 590,785
6.548%, 05/15/2048   7,300,000 8,748,539
 
      39,891,198
Illinois - 0.54%      
Chicago Transit Authority      
6.200%, 12/01/2040   1,300,000 1,503,489
Chicago Transit Authority, Series A      
6.300%, 12/01/2021   200,000 224,926
6.899%, 12/01/2040   3,400,000 4,053,106
Chicago Transit Authority, Series B      
6.300%, 12/01/2021   400,000 449,852
6.899%, 12/01/2040   3,300,000 3,933,897
Illinois Municipal Electric Agency      
6.832%, 02/01/2035   2,700,000 3,311,577
State of Illinois      
4.071%, 01/01/2014   2,400,000 2,471,376
4.511%, 03/01/2015   1,000,000 1,044,100
6.900%, 03/01/2035   1,000,000 1,087,120
 
      18,079,443
Iowa - 0.23%      
Iowa Tobacco Settlement Authority,      
Series A      
6.500%, 06/01/2023   350,000 327,457
State of Iowa      
6.750%, 06/01/2034   6,400,000 7,451,072
 
      7,778,529
Nebraska - 0.02%      
Public Power Generation Agency      
7.242%, 01/01/2041   500,000 588,485
Nevada - 0.48%      
City of North Las Vegas      
6.572%, 06/01/2040   11,600,000 13,385,240
County of Clark      
6.820%, 07/01/2045   2,200,000 2,784,936
 
      16,170,176
New Jersey - 0.50%      
New Jersey State Turnpike Authority      
7.414%, 01/01/2040   12,000,000 17,063,040
New York - 0.40%      
New York City Municipal Water      
Finance Authority      
5.882%, 06/15/2044   5,100,000 6,382,803
6.011%, 06/15/2042   1,000,000 1,325,580

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
MUNICIPAL BONDS (continued)      
New York (continued)      
New York City Municipal Water Finance      
Authority (continued)      
6.282%, 06/15/2042 $ 5,100,000 $ 5,857,350
 
      13,565,733
North Carolina - 0.10%      
North Carolina Turnpike Authority      
6.700%, 01/01/2039   3,000,000 3,434,250
Ohio - 0.11%      
American Municipal Power, Inc.      
8.084%, 02/15/2050   2,700,000 3,834,432
Rhode Island - 0.01%      
Tobacco Settlement Financing Corp.      
6.250%, 06/01/2042   500,000 454,605
Wisconsin - 0.01%      
Wisconsin State Clean Water Revenue      
5.100%, 06/01/2021   110,000 113,574
5.100%, 06/01/2022   25,000 25,812
 
      139,386
TOTAL MUNICIPAL BONDS (Cost $109,439,077) $ 128,548,117
 
TERM LOANS (M) - 0.18%      
Financials - 0.18%      
Springleaf Finance Funding Company      
5.500%, 05/10/2017   7,100,000 6,194,750
TOTAL TERM LOANS (Cost $7,065,446)   $ 6,194,750
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS - 6.24%      
Commercial & Residential - 5.19%      
American Home Mortgage      
Investment Trust, Series 2004-4,      
Class 4A      
2.218%, 02/25/2045 (P)   801,357 638,440
Arran Residential      
Mortgages Funding PLC      
Series 2010-1A, Class A1B,      
2.735%, 05/16/2047 (S) EUR 1,516,325 2,029,320
Series 2010-1A, Class A2B,      
2.935%, 05/16/2047 (S)   5,200,000 6,938,512
Banc of America Large Loan, Inc.,      
Series 2010-HLTN, Class HLTN      
1.979%, 11/15/2015 (P)(S) $ 2,608,735 2,324,670
Bank of America Funding Corp.      
Series 2005-D, Class A1,      
2.717%, 05/25/2035 (P)   1,400,212 1,391,653
Series 2004-A, Class 1A3,      
4.674%, 09/20/2034 (P)   338,616 333,884
Bank of America      
Mortgage Securities, Inc.      
Series 2004-2, Class 5A1,      
6.500%, 10/25/2031   14,357 14,553
Series 2004-1, Class 5A1,      
6.500%, 09/25/2033   120,092 125,845
BCAP LLC Trust      
Series 2011-RR4, Class 8A1,      
5.250%, 02/26/2036 (S)   3,890,218 3,885,577
Series 2011-RR5, Class 5A1,      
5.250%, 08/26/2037 (S)   9,000,000 8,856,000
Series 2011-RR5, Class 12A1,      
5.783%, 03/26/2037 (P)(S)   600,000 454,800

 

381

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Bear Stearns Adjustable      
Rate Mortgage Trust      
Series 2004-6, Class 1A1,      
2.620%, 09/25/2034 (P) $ 97,122 $ 66,768
Series 2005-2, Class A1,      
2.710%, 03/25/2035 (P)   13,224,181 12,268,985
Series 2002-11, Class 1A2,      
2.767%, 02/25/2033 (P)   146,360 116,650
Series 2004-3, Class 1A2,      
2.803%, 07/25/2034 (P)   63,409 50,899
Series 2003-8, Class 2A1,      
2.866%, 01/25/2034 (P)   793,425 745,367
Series 2004-7, Class 1A1,      
3.089%, 10/25/2034 (P)   76,056 57,956
Series 2004-9, Class 22A1,      
3.284%, 11/25/2034 (P)   910,292 846,685
Bear Stearns Alt-A Trust      
Series 2006-8, Class 3A1,      
0.395%, 02/25/2034 (P)   1,817,535 1,325,637
Series 2005-4, Class 2A1,      
2.599%, 05/25/2035 (P)   2,422,900 1,766,886
Series 2004-9, Class 2A1,      
2.674%, 09/25/2034 (P)   106,194 72,698
Series 2005-7, Class 22A1,      
2.772%, 09/25/2035 (P)   1,429,488 964,620
Bear Stearns Commercial      
Mortgage Securities, Inc.      
Series 2007-T26, Class A4,      
5.471%, 01/12/2045 (P)   2,000,000 2,197,532
Series 2007-PW18, Class A4,      
5.700%, 06/11/2050   5,200,000 5,603,010
Citigroup Mortgage Loan Trust, Inc.      
Series 2005-6, Class A1,      
2.370%, 08/25/2035 (P)   11,997,971 10,906,204
Series 2005-11, Class A2A,      
2.500%, 10/25/2035 (P)   526,507 451,391
Commercial Mortgage Pass Through      
Certificates, Series 2006-C8, Class A4      
5.306%, 12/10/2046   4,100,000 4,305,927
Countrywide Alternative Loan Trust      
Series 2007-OA6, Class A1B,      
0.435%, 06/25/2037 (P)   12,707,546 7,867,420
Series 2003-J3, Class 2A1,      
6.250%, 12/25/2033   40,726 42,682
Countrywide Home Loan Mortgage      
Pass Through Trust      
Series 2005-3, Class 1A2,      
0.525%, 04/25/2035 (P)   373,920 220,612
Series 2005-HYB9, Class 3A2A,      
2.595%, 02/20/2036 (P)   588,539 436,223
Series 2004-HYB9, Class 1A1,      
2.774%, 02/20/2035 (P)   3,884,354 3,002,101
Series 2004-12, Class 11A2,      
2.793%, 08/25/2034 (P)   68,082 49,392
Series 2004-22, Class A3,      
3.033%, 11/25/2034 (P)   2,233,832 1,680,693
Series 2003-10, Class A2,      
5.750%, 05/25/2033   8,204 8,257
Series 2003-R4, Class 2A,      
6.500%, 01/25/2034 (P)(S)   157,303 157,401
Credit Suisse First Boston Mortgage      
Securities Corp., Series 2004-AR8,      
Class 2A1      
2.651%, 09/25/2034 (P)   231,759 219,048

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Credit Suisse Mortgage      
Capital Certificates      
Series 2007-C5, Class A4,      
5.695%, 09/15/2040 (P) $ 11,200,000 $ 11,942,370
Series 2006-C2, Class A3,      
5.824%, 03/15/2039 (P)   700,000 733,318
European Loan Conduit, Series 25X,      
Class A      
1.685%, 05/15/2019 (P) EUR 361,032 396,628
First Nationwide Trust, Series 2001-3,      
Class 1A1      
6.750%, 08/21/2031 $ 3,338 3,441
GMAC Mortgage Corp Loan Trust,      
Series 2005-AR6, Class 3A1      
5.126%, 11/19/2035 (P)   567,248 479,681
Greenpoint Mortgage Funding Trust      
Series 2006-AR6, Class A1A,      
0.315%, 10/25/2046 (P)   344,763 317,822
Series 2006-AR8, Class 1A1A,      
0.315%, 01/25/2047 (P)   325,836 307,055
Greenwich Capital      
Commercial Funding Corp.      
Series 2005-GG3, Class A4,      
4.799%, 08/10/2042 (P)   300,000 316,286
Series 2007-GG9, Class A4,      
5.444%, 03/10/2039   1,600,000 1,660,178
GS Mortgage Securities Corp. II,      
Series 2007-EOP, Class A1      
1.143%, 03/06/2020 (P)(S)   3,778,170 3,752,944
GSR Mortgage Loan Trust,      
Series 2005-AR7, Class 6A1      
5.151%, 11/25/2035 (P)   2,285,207 2,080,453
Harborview Mortgage Loan Trust,      
Series 2005-2, Class 2A1A      
0.450%, 05/19/2035 (P)   545,020 334,080
Holmes Master Issuer PLC,      
Series 2011-1A, Class A3      
2.955%, 10/15/2054 (P)(S) EUR 2,900,000 3,859,500
Homebanc Mortgage Trust, Series 2005-4,      
Class A1      
0.505%, 10/25/2035 (P) $ 8,102,170 5,251,016
Impac CMB Trust, IMM 2004-6 1A2      
1.015%, 10/25/2034 (P)   12,864,559 10,415,262
Indymac ARM Trust, Series 2001-H2,      
Class A2      
1.821%, 01/25/2032 (P)   7,049 5,545
JPMorgan Chase Commercial      
Mortgage Securities Corp.      
Series 2010-C2, Class A3,      
4.070%, 11/15/2043 (S)   5,000,000 4,902,150
Series 2007-LDPX, Class A3,      
5.420%, 01/15/2049   500,000 518,782
Series 2007-LD12, Class A4,      
5.882%, 02/15/2051 (P)   1,200,000 1,275,800
JPMorgan Mortgage Trust      
Series 2005-A1, Class 6T1,      
5.018%, 02/25/2035 (P)   777,447 738,698
Series 2005-S3, Class 1A2,      
5.750%, 01/25/2036   353,117 331,707
Mellon Residential Funding Corp.,      
Series 2000-TBC2, Class A1      
0.709%, 06/15/2030 (P)   1,499,032 1,380,939

 

382

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Merrill Lynch Mortgage Investors, Inc.      
Series 2005-A10, Class A,      
0.445%, 02/25/2036 (P) $ 1,113,877 $ 738,778
Series 2005-3, Class 5A,      
0.485%, 11/25/2035 (P)   902,042 674,279
Series 2005-2, Class 3A,      
1.222%, 10/25/2035 (P)   506,575 409,638
Merrill Lynch/Countrywide Commercial      
Mortgage Trust, Series 2007-6,      
Class A4      
5.485%, 03/12/2051 (P)   1,300,000 1,334,648
Morgan Stanley Capital I      
Series 2007-XLFA, Class A1,      
0.290%, 10/15/2020 (P)(S)   469,260 466,937
Series 2007-IQ14, Class A2FX,      
5.610%, 04/15/2049   4,884,916 5,050,454
Series 2007-IQ16, Class A4,      
5.809%, 12/12/2049   400,000 429,871
Morgan Stanley Reremic Trust,      
Series 2009-GG10, Class A4A      
5.984%, 08/12/2045 (P)(S)   1,300,000 1,418,856
Nomura Asset Acceptance Corp.,      
Series 2004-R1, Class A2      
7.500%, 03/25/2034 (S)   222,625 236,981
Prime Mortgage Trust      
Series 2004-CL1, Class 2A2,      
0.635%, 02/25/2019 (P)   29,702 28,926
Series 2004-CL1, Class 1A2,      
0.635%, 02/25/2034 (P)   296,261 274,585
RBSSP Resecuritization Trust      
RBSSP 2011-4 6A1,      
0.458%, 06/27/2036 (P)(S)   3,200,000 1,849,866
Series 2011-3, Class 2A1,      
0.468%, 02/26/2037 (P)(S)   5,204,346 4,432,531
Residential Funding Mortgage Securities I      
Series 2004-S2, Class A1,      
5.250%, 03/25/2034   16,013 16,092
Series 2004-S9, Class 1A23,      
5.500%, 12/25/2034   300,000 279,760
Sovereign Commercial Mortgage      
Securities Trust, Series 2007-C1,      
Class A2      
5.951%, 07/22/2030 (P)(S)   583,664 600,457
Structured Adjustable Rate Mortgage      
Loan Trust, Series 2004-8, Class 3A      
2.533%, 07/25/2034 (P)   193,659 168,171
Structured Asset      
Mortgage Investments, Inc.      
Series 2005-AR2, Class 2A1,      
0.465%, 05/25/2045 (P)   47,223 27,475
Series 2005-AR5, Class A3,      
0.480%, 07/19/2035 (P)   2,206,625 1,839,674
Structured Asset Securities Corp.      
Series 2001-21A, Class 1A1,      
2.303%, 01/25/2032 (P)   23,867 19,665
Series 2006-11, Class A1,      
2.655%, 10/25/2035 (P)(S)   1,103,741 873,967
Series 2002-1A, Class 4A,      
2.661%, 02/25/2032 (P)   25,546 23,779
Thornburg Mortgage Securities Trust,      
Series 2006-6, Class A1      
0.345%, 11/25/2046 (P)   1,265,430 1,259,176

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
COLLATERALIZED MORTGAGE      
OBLIGATIONS (continued)      
Commercial & Residential (continued)      
Wachovia Bank      
Commercial Mortgage Trust      
Series 2007-WHL8, Class A1,      
0.309%, 06/15/2020 (P)(S) $ 3,770,705 $ 3,305,804
Series 2006-WL7A, Class A1,      
0.319%, 09/15/2021 (P)(S)   5,737,943 5,537,115
WaMu Mortgage Pass-      
Through Certificates      
Series 2005-AR6, Class 2A1A,      
0.465%, 04/25/2045 (P)   51,720 40,163
Series 2005-AR13, Class A1A1,      
0.525%, 10/25/2045 (P)   511,103 392,467
Series 2005-AR2, Class 2A1A,      
0.545%, 01/25/2045 (P)   30,247 23,025
Series 2002-AR17, Class 1A,      
1.442%, 11/25/2042 (P)   228,661 186,746
Series 2002-AR6, Class A,      
1.642%, 06/25/2042 (P)   9,234 7,028
Series 2002-AR9, Class 1A,      
1.642%, 08/25/2042 (P)   776,514 642,128
Series 2003-AR1, Class 2A,      
2.262%, 02/25/2033 (P)   114,115 97,488
Series 2002-AR2, Class A,      
2.600%, 02/27/2034 (P)   88,818 83,629
Wells Fargo Mortgage      
Backed Securities Trust      
Series 2006-AR2, Class 2A1,      
2.731%, 03/25/2036 (P)   2,441,459 2,003,415
Series 2006-AR2, Class 2A5,      
2.731%, 03/25/2036 (P)   7,324,377 5,862,754
Series 2004-CC, Class A1,      
4.795%, 01/25/2035 (P)   1,986,968 1,833,461
U.S. Government Agency - 1.05%      
Federal Home Loan Mortgage Corp.      
Series 2007-3335, Class BF,      
0.379%, 07/15/2019 (P)   1,844,412 1,845,660
Series 3335, Class FT,      
0.379%, 08/15/2019 (P)   4,445,380 4,448,687
Series 3149, Class LF,      
0.529%, 05/15/2036 (P)   1,688,148 1,681,371
Series T-63, Class 1A1,      
1.452%, 02/25/2045 (P)   229,529 220,885
Series 2901, Class UB,      
5.000%, 03/15/2033   800,000 865,551
Series 2906, Class GZ,      
5.000%, 09/15/2034   420,137 478,838
Series 2935, Class HJ,      
5.000%, 02/15/2035   400,000 455,896
Series 2941, Class WE,      
5.000%, 03/15/2035   400,000 454,247
Series 24989, Class PE,      
6.000%, 08/15/2032   584,204 654,403
Series 2503, Class PZ,      
6.000%, 09/15/2032   2,399,179 2,713,076
Series 2362, Class ZA,      
6.500%, 09/15/2031   574,495 658,104
Series 2204, Class Z,      
7.500%, 12/20/2029   645,459 765,961
Series 2247, Class Z,      
7.500%, 08/15/2030   338,792 399,948
Federal National Mortgage Association      
Series 2007-73, Class A1,      
0.295%, 07/25/2037 (P)   173,572 171,458

 

383

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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 National Mortgage      
Association (continued)      
Series 2004-11, Class A,      
0.355%, 03/25/2034 (P) $ 33,253 $ 32,561
Series 2007-30, Class AF,      
0.545%, 04/25/2037 (P)   2,475,316 2,462,908
Series 2004-W2, Class 1A3F,      
0.585%, 02/25/2044 (P)   70,790 70,734
Series 2003-116, Class FA,      
0.635%, 11/25/2033 (P)   202,842 203,130
Series 2005-75, Class FL,      
0.685%, 09/25/2035 (P)   4,631,895 4,623,570
Series 2006-5, Class 3A2,      
2.393%, 05/25/2035 (P)   264,632 272,705
Series 2003-21, Class M,      
5.000%, 02/25/2017   39,566 39,502
Series 2005-9, Class ZA,      
5.000%, 02/25/2035   697,323 791,882
Series 2005-14, Class KZ,      
5.000%, 03/25/2035   138,886 138,184
Series 2002-56, Class ZQ,      
6.000%, 09/25/2032   7,696,826 8,655,244
Series 2004-T1, Class 1A1,      
6.000%, 01/25/2044   150,543 164,251
Series 2003-W1, Class 1A1,      
6.322%, 12/25/2042 (P)   391,447 438,951
Government National      
Mortgage Association      
Series 2004-105, Class JZ,      
5.000%, 12/20/2034   140,046 163,925
Series 2005-3, Class JZ,      
5.000%, 01/16/2035   139,465 165,863
Series 2005-3, Class KZ,      
5.000%, 01/16/2035   139,465 152,123
Series 2005-21, Class Z,      
5.000%, 03/20/2035   1,106,477 1,258,484
 
      35,448,102
TOTAL COLLATERALIZED MORTGAGE      
OBLIGATIONS (Cost $219,449,559)   $ 211,345,844
 
ASSET BACKED SECURITIES - 2.68%      
Bear Stearns Asset Backed      
Securities Trust, Series 2007-HE5,      
Class 1A1      
0.325%, 06/25/2047 (P)   507,972 489,214
Citibank Omni Master Trust,      
Series 2009-A8, Class A8      
2.329%, 05/16/2016 (P)(S)   20,800,000 20,977,031
Duane Street CLO, Series 2005-1A,      
Class A      
0.519%, 11/08/2017 (P)(S)   38,038,719 36,815,660
EMC Mortgage Loan Trust,      
Series 2001-A Class A      
0.605%, 05/25/2040 (P)(S)   997,227 818,005
FN Dus Pool A.S. REIT      
3.330%, 11/21/2021   400,000 408,781
GSRPM Mortgage Loan Trust,      
Series 2003-1, Class A2      
0.935%, 01/25/2032 (P)   8,063 7,599
Hillmark Funding, Series 2006-1A,      
Class A1      
0.548%, 05/21/2021 (P)(S)   10,800,000 9,952,481

 

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
ASSET BACKED SECURITIES (continued)    
Long Beach Mortgage Loan Trust,      
Series 2004-4, Class 1A1      
0.795%, 10/25/2034 (P) $ 86,584 $ 63,494
Master Asset Backed Securities Trust,      
Series 2007-HE1, Class A1      
0.315%, 05/25/2037 (P)   505,634 455,035
Penta CLO SA, Series 2007-1X, Class A1      
1.934%, 06/04/2024 (P) EUR 1,065,138 1,234,370
SLC Student Loan Trust,,      
Series 2009-AA, Class A      
4.750%, 06/15/2033 (P)(S) $ 733,053 733,045
SLM Student Loan Trust      
Series 2008-9, Class A,      
1.753%, 04/25/2023 (P)   16,395,773 16,841,349
Series 2010-C, Class A2,      
2.879%, 12/16/2019 (P)(S)   1,000,000 1,018,075
Soundview Home Equity Loan Trust,      
Series 2007-OPT1, Class 2A1      
0.315%, 06/25/2037 (P)   1,267,688 1,091,781
TOTAL ASSET BACKED SECURITIES (Cost $90,966,645) $ 90,905,920
 
PREFERRED SECURITIES - 0.24%      
Financials - 0.24%      
DG Funding Trust (P)(S) $ 981 $ 8,166,673
TOTAL PREFERRED SECURITIES (Cost $10,336,921) $ 8,166,673
 
OPTIONS PURCHASED - 0.01%      
Call Options - 0.01%      
Over the Counter USD Purchased Options      
on 1 Year Interest Rate Swap      
(Expiration Date: 04/30/2012; Strike      
Price : $1.25; Counterparty: The Royal      
Bank of Scotland PLC) (I)   52,800,000 364,331
TOTAL OPTIONS PURCHASED (Cost $208,362) $ 364,331
 
SHORT-TERM INVESTMENTS - 26.29%    
Repurchase Agreement - 0.05%      
Repurchase Agreement with State      
Street Corp. dated 09/30/2011 at      
0.010% to be repurchased at $1,680,001      
on 10/03/2011, collateralized by      
$1,715,000 Federal Home Loan Bank,      
0.250% due 06/29/2012 (valued at      
$1,717,144, including interest)   1,680,000 1,680,000
Commercial Paper* - 5.53%      
Erste Abwicklungsanstalt      
0.330%, 11/10/2011   5,400,000 5,398,020
Itau Unibanco Holdings SA      
1.313%, 12/05/2011   1,900,000 1,895,080
1.583%, 02/06/2012   23,600,000 23,463,794
1.750%, 01/17/2012   11,700,000 11,639,637
Kells Funding LLC      
0.240%, 11/07/2011   19,800,000 19,795,116
0.250%, 11/17/2011   5,500,000 5,498,205
0.260%, 10/05/2011   8,000,000 7,999,769
0.260%, 10/05/2011   7,800,000 7,799,775
0.260%, 12/01/2011   8,000,000 7,996,476
0.270%, 10/04/2011   37,000,000 36,999,168
0.270%, 10/04/2011   8,000,000 7,999,820
0.270%, 11/03/2011   19,600,000 19,595,149
0.300%, 10/03/2011   19,100,000 19,099,682
0.310%, 11/16/2011   12,100,000 12,095,207
 
      187,274,898

 

384

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Return Trust (continued)    
    Shares or  
    Principal  
    Amount Value
 
 
SHORT-TERM INVESTMENTS (continued)    
U.S. Government* - 0.62%      
U.S. Treasury Bill      
0.003%, 11/03/2011 (F) $ 300,000 $ 299,998
0.005%, 10/27/2011 (F)   408,000 407,992
0.005%, 12/01/2011   1,040,000 1,039,989
0.005%, 02/02/2012 (F)   680,000 679,988
0.009%, 03/01/2012   280,000 279,988
0.010%, 03/08/2012 (F)   5,952,000 5,951,386
0.020%, 10/20/2011 (F)   340,000 339,993
0.022%, 02/09/2012 (F)   1,764,000 1,763,820
0.024%, 03/22/2012 (F)   4,390,000 4,389,606
0.026%, 02/23/2012 (F)   530,000 529,929
0.028%, 03/15/2012 (F)   1,040,000 1,039,898
0.031%, 11/10/2011 (F)   1,872,000 1,871,994
0.047%, 03/01/2012   940,000 939,821
0.049%, 03/01/2012   330,000 329,937
0.063%, 03/01/2012 (F)   1,210,000 1,209,693
 
      21,074,032
Foreign Government* - 20.09%      
Japan Treasury Discount Bill      
0.088%, 10/11/2011 JPY 7,720,000,000 100,080,747
0.097%, 10/24/2011   15,690,000,000 203,411,145
0.097%, 11/07/2011   3,100,000,000 40,187,905
0.098%, 11/14/2011   15,740,000,000 204,046,764
0.098%, 11/21/2011   5,250,000,000 68,057,303
0.099%, 10/31/2011   260,000,000 3,370,668
0.940%, 10/17/2011   4,700,000,000 60,933,949
 
      680,088,481
TOTAL SHORT-TERM INVESTMENTS (Cost $879,502,383) $ 890,117,411
Total Investments (Total Return Trust)      
(Cost $4,498,559,044) - 133.51%   $ 4,521,121,631
Other assets and liabilities, net - (33.51%)     (1,134,695,145)
TOTAL NET ASSETS - 100.00%   $ 3,386,426,486
 
SALE COMMITMENTS OUTSTANDING    
U.S. Government Agency - (1.79)%      
Federal National Mortgage Association      
3.500%, TBA   (59,000,000) (60,633,568)
U.S. Government - (1.35)%      
U.S. Treasury Notes 1.500%, 07/31/2016   (44,650,000) (45,881,447)
TOTAL SALE COMMITMENTS      
OUTSTANDING (Cost $(105,568,473))   $ (106,515,015)
 
 
 
Total Stock Market Index Trust    
    Shares or  
    Principal  
    Amount Value
 
 
COMMON STOCKS - 98.05%      
Consumer Discretionary - 11.82%      
Auto Components - 0.33%      
American Axle &      
Manufacturing Holdings, Inc. (I)(L)   1,582 $ 12,040
Amerigon, Inc. (I)   666 8,478
BorgWarner, Inc. (I)(L)   2,566 155,320
Cooper Tire & Rubber Company   1,549 16,869
Dana Holding Corp. (I)   3,254 34,167
Dorman Products, Inc. (I)   456 15,084
Drew Industries, Inc.   570 11,389
Exide Technologies (I)   2,107 8,428

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Auto Components (continued)    
Federal-Mogul Corp. (I) 2,412 $ 35,577
Fuel Systems Solutions, Inc. (I) 460 8,837
Gentex Corp. 3,389 81,505
Icahn Enterprises LP 1,912 69,138
Johnson Controls, Inc. 15,925 419,942
Modine Manufacturing Company (I) 1,044 9,459
Spartan Motors, Inc. 1,002 4,138
Standard Motor Products, Inc. 572 7,419
Stoneridge, Inc. (I) 872 4,552
Superior Industries International, Inc. 742 11,464
Tenneco, Inc. (I) 1,333 34,138
The Goodyear Tire & Rubber Company (I) 5,784 58,361
Tower International, Inc. (I) 347 3,578
TRW Automotive Holdings Corp. (I) 2,912 95,310
 
    1,105,193
Automobiles - 0.57%    
Ford Motor Company (I) 89,174 862,313
General Motors Company (I) 36,626 739,113
Harley-Davidson, Inc. (L) 5,570 191,218
Tesla Motors, Inc. (I)(L) 2,335 56,951
Thor Industries, Inc. (L) 1,351 29,925
Winnebago Industries, Inc. (I)(L) 865 5,986
 
    1,885,506
Distributors - 0.10%    
Audiovox Corp., Class A (I) 569 3,124
Core-Mark Holding Company, Inc. 349 10,690
Genuine Parts Company (L) 3,634 184,607
LKQ Corp. (I)(L) 3,506 84,705
Pool Corp. (L) 1,186 31,049
Weyco Group, Inc. 346 7,716
 
    321,891
Diversified Consumer Services - 0.27%    
American Public Education, Inc. (I) 453 15,402
Apollo Group, Inc., Class A (I) 3,321 131,545
Ascent Media Corp., Class A (I) 262 10,302
Bridgepoint Education, Inc. (I)(L) 1,289 22,480
Capella Education Company (I) 410 11,636
Career Education Corp. (I) 1,814 23,673
Coinstar, Inc. (I)(L) 754 30,160
Corinthian Colleges, Inc. (I) 2,076 3,239
DeVry, Inc. 1,612 59,580
Education Management Corp. (I)(L) 3,020 44,817
Grand Canyon Education, Inc. (I) 1,151 18,589
H&R Block, Inc. (L) 7,256 96,577
Hillenbrand, Inc. 1,560 28,704
ITT Educational Services, Inc. (I)(L) 662 38,118
K12, Inc. (I) 824 20,979
Learning Tree International, Inc. (I) 519 3,799
Lincoln Educational Services Corp. 678 5,485
Mac-Gray Corp. 473 6,106
Matthews International Corp., Class A 747 22,978
Regis Corp. (L) 1,321 18,613
Service Corp. International (L) 5,722 52,414
Sotheby’s 1,604 44,222
Steiner Leisure, Ltd. (I) 379 15,452
Stewart Enterprises, Inc., Class A (L) 2,435 14,488
Stonemor Partners LP 452 12,588
Strayer Education, Inc. (L) 299 22,924
Universal Technical Institute, Inc. (I) 601 8,168
Weight Watchers International, Inc. 1,728 100,656
 
    883,694

 

385

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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 - 2.17%    
AFC Enterprises, Inc. (I) 705 $ 8,340
Ambassadors Group, Inc. 714 4,091
Ameristar Casinos, Inc. 831 13,338
Bally Technologies, Inc. (I) 1,263 34,076
Biglari Holdings, Inc. (I) 36 10,670
BJ’s Restaurants, Inc. (I)(L) 673 29,686
Bob Evans Farms, Inc. 747 21,304
Boyd Gaming Corp. (I) 2,162 10,594
Bravo Brio Restaurant Group, Inc. (I) 287 4,776
Brinker International, Inc. 2,008 42,007
Buffalo Wild Wings, Inc. (I)(L) 443 26,491
Caribou Coffee Company, Inc. (I) 570 6,737
Carnival Corp. 14,326 434,078
Carrols Restaurant Group, Inc. (I) 696 6,194
CEC Entertainment, Inc. 521 14,833
Cedar Fair LP 1,451 27,424
Chipotle Mexican Grill, Inc. (I)(L) 727 220,245
Choice Hotels International, Inc. (L) 1,424 42,321
Churchill Downs, Inc. 397 15,495
Cracker Barrel Old Country Store, Inc. (L) 552 22,124
Darden Restaurants, Inc. (L) 3,179 135,902
Denny’s Corp. (I) 2,791 9,294
DineEquity, Inc. (I) 468 18,013
Domino’s Pizza, Inc. (I) 1,473 40,139
Einstein Noah Restaurant Group, Inc. 529 6,787
Frisch’s Restaurants, Inc. 223 4,326
Gaylord Entertainment Company (I)(L) 1,164 22,512
Great Wolf Resorts, Inc. (I) 1,526 3,907
Hyatt Hotels Corp., Class A (I) 4,118 129,182
International Game Technology 7,111 103,323
International Speedway Corp., Class A 1,141 26,060
Interval Leisure Group, Inc. (I) 1,476 19,660
Isle of Capri Casinos, Inc. (I) 996 4,821
Jack in the Box, Inc. (I) 1,167 23,247
Krispy Kreme Doughnuts, Inc. (I) 1,678 11,444
Las Vegas Sands Corp. (I) 17,135 656,956
Life Time Fitness, Inc. (I) 1,011 37,255
Luby’s, Inc. (I) 958 3,928
Marcus Corp. 951 9,462
Marriott International, Inc., Class A (L) 8,456 230,341
McCormick & Schmick’s    
Seafood Restaurants, Inc. (I) 594 4,110
McDonald’s Corp. 24,294 2,133,499
MGM Resorts International (I)(L) 11,571 107,495
Monarch Casino & Resort, Inc. (I) 604 5,907
Morgans Hotel Group Company (I)(L) 1,196 7,164
Multimedia Games Holding Company, Inc. (I) 1,164 4,703
O’Charley’s, Inc. (I) 774 4,598
Orient Express Hotels, Ltd., Class A (I)(L) 2,153 14,877
P.F. Chang’s China Bistro, Inc. (L) 587 15,990
Panera Bread Company, Class A (I) 712 74,005
Papa John’s International, Inc. (I) 652 19,821
Peet’s Coffee & Tea, Inc. (I)(L) 321 17,860
Penn National Gaming, Inc. (I) 1,875 62,419
Pinnacle Entertainment, Inc. (I)(L) 1,568 14,237
Red Lion Hotels Corp. (I) 857 5,750
Red Robin Gourmet Burgers, Inc. (I)(L) 390 9,395
Royal Caribbean Cruises, Ltd. (L) 5,129 110,992
Ruby Tuesday, Inc. (I) 1,530 10,955
Ruth’s Hospitality Group, Inc. (I)(L) 855 3,668
Scientific Games Corp., Class A (I) 2,407 17,138
Shuffle Master, Inc. (I) 1,512 12,716
Sonic Corp. (I) 1,651 11,673
Speedway Motorsports, Inc. 1,124 13,578
Starbucks Corp. 17,594 656,080

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Hotels, Restaurants & Leisure (continued)    
Starwood Hotels &    
Resorts Worldwide, Inc. (L) 4,565 $ 177,213
Texas Roadhouse, Inc., Class A (L) 1,786 23,611
The Cheesecake Factory, Inc. (I)(L) 1,387 34,190
The Wendy’s Company 10,094 46,331
Vail Resorts, Inc. (L) 847 32,008
WMS Industries, Inc. (I) 1,380 24,274
Wyndham Worldwide Corp. 4,000 114,040
Wynn Resorts, Ltd. 2,930 337,184
Yum! Brands, Inc. 10,902 538,450
 
    7,157,314
Household Durables - 0.39%    
American Greetings Corp., Class A (L) 992 18,352
Beazer Homes USA, Inc. (I) 2,798 4,225
Blyth, Inc. 212 11,755
Cavco Industries, Inc. (I) 220 7,577
CSS Industries, Inc. 329 5,488
D.R. Horton, Inc. 7,475 67,574
Ethan Allen Interiors, Inc. (L) 765 10,412
Fortune Brands, Inc. 3,618 195,661
Furniture Brands International, Inc. (I) 1,851 3,813
Harman International Industries, Inc. 1,680 48,014
Helen of Troy, Ltd. (I) 744 18,689
Hooker Furniture Corp. 457 4,136
Hovnanian Enterprises, Inc., Class A (I)(L) 3,070 3,745
iRobot Corp. (I) 671 16,882
Jarden Corp. 2,186 61,776
KB Home (L) 2,091 12,253
La-Z-Boy, Inc. (I) 1,265 9,374
Leggett & Platt, Inc. (L) 3,373 66,752
Lennar Corp., Class A (L) 4,099 55,500
Libbey, Inc. (I) 307 3,236
M/I Homes, Inc. (I) 534 3,209
MDC Holdings, Inc. (L) 1,199 20,311
Meritage Homes Corp. (I) 835 12,642
Mohawk Industries, Inc. (I) 1,607 68,956
Newell Rubbermaid, Inc. 6,859 81,416
NVR, Inc. (I)(L) 135 81,537
Pulte Group, Inc. (I) 9,263 36,589
Ryland Group, Inc. 1,181 12,578
Sealy Corp. (I) 2,921 4,323
Standard Pacific Corp. (I)(L) 4,117 10,169
Tempur-Pedic International, Inc. (I) 1,602 84,281
Toll Brothers, Inc. (I)(L) 3,880 55,988
Tupperware Brands Corp. 1,470 78,998
Universal Electronics, Inc. (I) 417 6,835
Whirlpool Corp. 1,784 89,039
 
    1,272,085
Internet & Catalog Retail - 1.07%    
1-800-Flowers.com, Inc., Class A (I) 2,175 5,046
Amazon.com, Inc. (I) 10,612 2,294,633
Blue Nile, Inc. (I) 392 13,830
Expedia, Inc. 6,415 165,186
Gaiam, Inc., Class A 955 3,237
HomeAway, Inc. (I) 1,776 59,709
HSN, Inc. (I) 1,393 46,150
Liberty Media Corp. - Interactive, Series A (I) 13,819 204,107
Netflix, Inc. (I)(L) 1,232 139,413
NutriSystem, Inc. 805 9,749
Orbitz Worldwide, Inc. (I) 2,566 5,568
Overstock.com, Inc. (I) 707 6,554
PetMed Express, Inc. 676 6,084
priceline.com, Inc. (I) 1,165 523,621

 

386

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet & Catalog Retail (continued)    
Shutterfly, Inc. (I)(L) 738 $ 30,391
US Auto Parts Network, Inc. (I) 1,067 5,410
ValueVision Media, Inc. (I) 1,151 2,716
 
    3,521,404
Leisure Equipment & Products - 0.15%    
Arctic Cat, Inc. (I) 519 7,520
Brunswick Corp. 2,164 30,383
Callaway Golf Company (L) 1,516 7,838
Eastman Kodak Co. (I)(L) 6,959 5,429
Hasbro, Inc. 3,193 104,124
Jakks Pacific, Inc. 651 12,336
Johnson Outdoors, Inc. (I) 368 5,660
Leapfrog Enterprises, Inc. (I) 2,194 7,394
Marine Products Corp. (I)(L) 1,228 4,200
Mattel, Inc. 8,112 210,020
Polaris Industries, Inc. (L) 1,618 80,851
Smith & Wesson Holding Corp. (I) 1,795 4,523
Steinway Musical Instruments, Inc. (I) 327 7,050
Sturm Ruger & Company, Inc. (L) 479 12,444
 
    499,772
Media - 2.91%    
AMC Networks, Inc. (I) 1,696 54,187
Arbitron, Inc. 677 22,395
Belo Corp., Class A 2,685 13,130
Cablevision Systems Corp., Class A 7,172 112,816
Carmike Cinemas, Inc. (I) 664 4,389
CBS Corp., Class B 15,698 319,925
Cinemark Holdings, Inc. 2,769 52,279
Clear Channel Outdoor    
Holdings, Inc., Class A (I) 8,558 80,103
Comcast Corp., Class A 64,878 1,355,950
Crown Media Holdings, Inc. (I)(L) 6,814 9,744
Cumulus Media, Inc., Class A (I)(L) 1,509 4,286
DIRECTV, Class A (I) 17,993 760,204
Discovery    
Communications, Inc., Series A (I)(L) 6,583 247,652
DISH Network Corp. (I) 10,471 262,403
DreamWorks Animation SKG, Inc. (I)(L) 2,049 37,251
Entercom Communications Corp., Class A (I) 1,104 5,796
Entravision    
Communications Corp., Class A (I) 3,364 3,431
EW Scripps Company (I) 1,326 9,282
Fisher Communications, Inc. (I) 301 6,724
Gannett Company, Inc. (L) 5,621 53,568
Gray Television, Inc. (I) 2,173 3,390
Harte-Hanks, Inc. 1,747 14,815
John Wiley & Sons, Inc. 1,356 60,234
Journal Communications, Inc., Class A (I) 1,692 5,025
Knology, Inc. (I) 1,035 13,434
Lamar Advertising Company, Class A (I)(L) 2,245 38,232
Liberty Global, Inc., Series A (I) 5,974 216,139
Liberty Media Corp. - Liberty Capitalliberty    
Media Corp. - Liber-a (I) 1,722 113,859
Liberty Media Corp. - Starz, Series A (I) 861 54,725
LIN TV Corp., Class A (I) 1,764 3,846
Live Nation Entertainment, Inc. (I) 4,343 34,787
Martha Stewart Living    
Omnimedia, Inc., Class A (I) 1,298 4,050
Meredith Corp. (L) 1,091 24,700
Morningstar, Inc. 1,197 67,559
National CineMedia, Inc. 1,162 16,861
News Corp., Class A 61,601 952,967
Nexstar Broadcasting Group, Inc. (I) 858 5,671

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Media (continued)    
Omnicom Group, Inc. 6,583 $ 242,518
Outdoor Channel Holdings, Inc. (I) 900 5,148
Pandora Media Incpandora Media Inc (I)(L) 3,577 52,403
ReachLocal, Inc. (I) 589 6,402
Reading International, Inc. (I) 1,287 5,534
Regal Entertainment Group (L) 3,802 44,635
Rentrak Corp. (I)(L) 458 5,766
Scholastic Corp. 703 19,705
Scripps Networks Interactive, Inc., Class A (L) 4,004 148,829
Sinclair Broadcast Group, Inc., Class A 2,115 15,165
Sirius XM Radio, Inc. (I) 93,463 141,129
The Interpublic Group of Companies, Inc. 11,593 83,470
The Madison Square Garden, Inc., Class A (I) 1,332 30,370
The McClatchy Company, Class A (I) 2,673 3,582
The McGraw-Hill Companies, Inc. 7,130 292,330
The New York Times Company, Class A (I) 3,548 20,614
The Walt Disney Company 44,322 1,336,752
The Washington Post Company, Class B (L) 185 60,489
Time Warner Cable, Inc. 7,883 494,028
Time Warner, Inc. 25,144 753,566
Valassis Communications, Inc. (I)(L) 1,198 22,451
Value Line, Inc. 353 4,056
Viacom, Inc., Class B 13,754 532,830
Virgin Media, Inc. 7,506 182,771
World Wrestling    
Entertainment, Inc., Class A (L) 2,005 17,865
 
    9,568,217
Multiline Retail - 0.84%    
99 Cents Only Stores (I) 1,658 30,540
Big Lots, Inc. (I) 1,766 61,510
Dillard’s, Inc., Class A (L) 1,282 55,741
Dollar General Corp. (I)(L) 8,028 303,137
Dollar Tree, Inc. (I) 2,848 213,913
Family Dollar Stores, Inc. 2,834 144,137
Fred’s, Inc., Class A (L) 1,056 11,257
Gordmans Stores, Inc. (I) 285 3,411
J.C. Penney Company, Inc. (L) 5,102 136,632
Kohl’s Corp. 6,590 323,569
Macy’s, Inc. 10,005 263,332
Nordstrom, Inc. 5,166 235,983
Saks, Inc. (I)(L) 3,994 34,948
Sears Holdings Corp. (I)(L) 2,538 145,986
Target Corp. 16,169 792,928
The Bon-Ton Stores, Inc. 651 3,235
Tuesday Morning Corp. (I) 1,352 4,759
 
    2,765,018
Specialty Retail - 2.17%    
Aaron’s, Inc. 1,896 47,874
Abercrombie & Fitch Company, Class A 2,066 127,183
Advance Auto Parts, Inc. 1,792 104,115
Aeropostale, Inc. (I)(L) 1,988 21,490
American Eagle Outfitters, Inc. 4,630 54,264
Americas Car-Mart, Inc. (I) 289 8,387
ANN, Inc. (I) 1,264 28,870
Asbury Automotive Group, Inc. (I) 788 12,994
Ascena Retail Group, Inc. (I) 1,823 49,349
AutoNation, Inc. (I)(L) 3,470 113,747
AutoZone, Inc. (I) 984 314,083
Barnes & Noble, Inc. (L) 1,472 17,414
Bebe Stores, Inc. 2,212 14,865
Bed Bath & Beyond, Inc. (I) 5,832 334,232
Best Buy Company, Inc. 9,147 213,125
Big 5 Sporting Goods Corp. 708 4,305

 

387

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
Body Central Corp. (I) 264 $ 4,794
Brown Shoe Company, Inc. (L) 1,153 8,209
Cabela’s, Inc. (I)(L) 1,670 34,218
CarMax, Inc. (I)(L) 5,332 127,168
Casual Male Retail Group, Inc. (I) 1,549 5,824
Charming Shoppes, Inc. (I)(L) 3,067 7,974
Chico’s FAS, Inc. 4,190 47,892
Christopher & Banks Corp. 1,198 4,229
Citi Trends, Inc. (I) 426 5,014
Collective Brands, Inc. (I)(L) 1,552 20,114
Conn’s, Inc. (I) 772 5,543
Destination Maternity Corp. 407 5,238
Dick’s Sporting Goods, Inc. (I) 2,831 94,725
DSW, Inc., Class A 1,568 72,410
Express, Inc. 2,204 44,719
Foot Locker, Inc. 3,645 73,228
GameStop Corp., Class A (I)(L) 3,331 76,946
Genesco, Inc. (I)(L) 525 27,053
GNC Holdings, Inc., Class A (I) 2,291 46,095
Group 1 Automotive, Inc. (L) 584 20,761
Guess?, Inc. 2,198 62,621
Haverty Furniture Companies, Inc. 658 6,573
hhgregg, Inc. (I)(L) 1,031 10,052
Hibbett Sports, Inc. (I)(L) 668 22,639
Home Depot, Inc. 37,324 1,226,840
HOT Topic, Inc. 1,207 9,209
Jos A. Bank Clothiers, Inc. (I) 653 30,449
Kirkland’s, Inc. (I) 614 5,630
Limited Brands, Inc. 7,209 277,619
Lithia Motors, Inc., Class A 616 8,858
Lowe’s Companies, Inc. 30,540 590,644
Lumber Liquidators Holdings, Inc. (I) 746 11,265
MarineMax, Inc. (I) 667 4,315
Midas, Inc. (I) 588 4,822
Monro Muffler Brake, Inc. 719 23,705
New York & Company, Inc. (I) 1,751 5,586
O’Reilly Automotive, Inc. (I) 3,236 215,615
Office Depot, Inc. (I) 7,232 14,898
OfficeMax, Inc. (I)(L) 2,191 10,626
Pacific Sunwear of California, Inc. (I)(L) 2,141 2,569
Penske Automotive Group, Inc. (L) 2,225 35,600
PEP Boys - Manny, Moe & Jack (L) 1,341 13,236
PetSmart, Inc. 2,657 113,321
Pier 1 Imports, Inc. (I) 2,797 27,355
RadioShack Corp. (L) 2,580 29,980
Rent-A-Center, Inc. (L) 1,519 41,697
Ross Stores, Inc. 2,749 216,319
Rue21, Inc. (I)(L) 487 11,050
Sally Beauty Holdings, Inc. (I)(L) 4,342 72,077
Select Comfort Corp. (I)(L) 1,360 18,999
Shoe Carnival, Inc. (I) 352 8,307
Signet Jewelers, Ltd. 1,994 67,397
Sonic Automotive, Inc. 1,104 11,912
Stage Stores, Inc. 919 12,747
Staples, Inc. 16,799 223,427
Stein Mart, Inc. 1,168 7,300
Systemax, Inc. (I) 952 12,109
Talbots, Inc. (I)(L) 1,745 4,712
The Buckle, Inc. (L) 1,131 43,498
The Cato Corp., Class A 724 16,333
The Children’s Place Retail Stores, Inc. (I)(L) 613 28,523
The Finish Line, Inc., Class A (L) 1,301 26,007
The Gap, Inc. (L) 12,923 209,870
The Men’s Wearhouse, Inc. 1,225 31,948
The Wet Seal, Inc., Class A (I)(L) 2,725 12,208

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Specialty Retail (continued)    
Tiffany & Company 2,993 $ 182,034
TJX Companies, Inc. 9,036 501,227
Tractor Supply Company 1,696 106,085
TravelCenters of America, LLC (I) 1,144 4,038
Ulta Salon Cosmetics & Fragrance, Inc. (I) 1,445 89,922
Urban Outfitters, Inc. (I)(L) 3,776 84,280
Vitamin Shoppe, Inc. (I) 559 20,929
West Marine, Inc. (I) 659 5,074
Williams-Sonoma, Inc. 2,474 76,174
Winmark Corp. 165 7,626
Zale Corp. (I)(L) 1,118 3,186
Zumiez, Inc. (I)(L) 801 14,026
 
    7,133,519
Textiles, Apparel & Luxury Goods - 0.85%    
Carter’s, Inc. (I)(L) 1,370 41,840
Cherokee, Inc. 333 4,279
Coach, Inc. 6,894 357,316
Columbia Sportswear Company 812 37,677
Crocs, Inc. (I) 2,044 48,381
Deckers Outdoor Corp. (I) 915 85,333
Fossil, Inc. (I)(L) 1,483 120,212
G-III Apparel Group, Ltd. (I) 510 11,659
Hanesbrands, Inc. (I) 2,274 56,873
Iconix Brand Group, Inc. (I)(L) 1,798 28,408
K-Swiss, Inc., Class A (I)(L) 1,074 4,565
Kenneth Cole Productions, Inc., Class A (I) 637 6,835
Liz Claiborne, Inc. (I) 2,532 12,660
Maidenform Brands, Inc. (I)(L) 602 14,093
Movado Group, Inc. 660 8,039
NIKE, Inc., Class B 11,119 950,786
Oxford Industries, Inc. 405 13,892
Perry Ellis International, Inc. (I) 451 8,479
PVH Corp. 1,475 85,904
Quiksilver, Inc. (I)(L) 3,577 10,910
Ralph Lauren Corp. 2,216 287,415
Skechers U.S.A., Inc., Class A (I)(L) 1,206 16,920
Steven Madden, Ltd. (I) 1,012 30,461
The Jones Group, Inc. 2,157 19,866
The Warnaco Group, Inc. (I)(L) 1,046 48,210
True Religion Apparel, Inc. (I) 665 17,928
Under Armour, Inc., Class A (I)(L) 1,226 81,419
Unifi, Inc. (I) 645 5,270
Vera Bradley, Inc. (I) 865 31,183
VF Corp. 2,566 311,820
Wolverine World Wide, Inc. 1,193 39,667
 
    2,798,300
    38,911,913
Consumer Staples - 10.35%    
Beverages - 2.15%    
Boston Beer Company, Inc. (I)(L) 345 25,082
Brown Forman Corp., Class B (L) 3,440 241,282
Central European Distribution Corp. (I)(L) 1,636 11,468
Coca-Cola Bottling Company Consolidated 252 13,976
Coca-Cola Enterprises, Inc. 7,621 189,610
Constellation Brands, Inc., Class A (I) 5,140 92,520
Dr. Pepper Snapple Group, Inc. 5,218 202,354
Hansen Natural Corp. (I) 2,087 182,174
Heckmann Corp. (I) 2,293 12,130
Molson Coors Brewing Company, Class B 4,174 165,332
National Beverage Corp. 1,298 19,678
PepsiCo, Inc. 37,124 2,297,976

 

388

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Beverages (continued)    
The Coca-Cola Company 53,748 $ 3,631,215
    7,084,797
Food & Staples Retailing - 2.54%    
Arden Group, Inc. 92 7,314
BJ’s Wholesale Club, Inc. (I) 1,262 64,665
Casey’s General Stores, Inc. 899 39,241
Costco Wholesale Corp. 10,247 841,484
CVS Caremark Corp. 31,829 1,068,818
Ingles Markets, Inc. 742 10,566
Nash Finch Company 373 10,045
Pricesmart, Inc. (L) 723 45,057
Rite Aid Corp. (I)(L) 22,455 22,006
Ruddick Corp. 1,170 45,618
Safeway, Inc. 8,331 138,545
Spartan Stores, Inc. 646 10,000
SUPERVALU, Inc. (L) 5,248 34,952
Susser Holdings Corp. (I) 522 10,403
Sysco Corp. 13,726 355,503
The Andersons, Inc. (L) 475 15,989
The Fresh Market, Inc. (I) 939 35,832
The Kroger Company 14,206 311,964
The Pantry, Inc. (I)(L) 626 7,593
United Natural Foods, Inc. (I) 1,152 42,670
Village Super Market, Inc. 374 8,954
Wal-Mart Stores, Inc. 81,439 4,226,684
Walgreen Company 21,492 706,872
Weis Markets, Inc. 673 24,941
Whole Foods Market, Inc. 3,998 261,109
Winn-Dixie Stores, Inc. (I)(L) 1,342 7,945
 
    8,354,770
Food Products - 1.99%    
Alico, Inc. 249 4,890
Archer-Daniels-Midland Company 14,993 371,976
B&G Foods, Inc. 1,133 18,898
Bunge, Ltd. (L) 3,459 201,625
Cal-Maine Foods, Inc. (L) 643 20,209
Calavo Growers, Inc. 474 9,726
Campbell Soup Company 7,545 244,232
Chiquita Brands International, Inc. (I) 1,173 9,783
ConAgra Foods, Inc. 9,613 232,827
Corn Products International, Inc. 1,831 71,848
Darling International, Inc. (I) 2,609 32,847
Dean Foods Company (I) 4,436 39,347
Diamond Foods, Inc. 457 36,464
Dole Food Company, Inc. (I)(L) 1,680 16,800
Farmer Brothers Company 646 3,559
Feihe International, Inc. (I)(L) 571 3,083
Flowers Foods, Inc. (L) 3,273 63,693
Fresh Del Monte Produce, Inc. 1,438 33,362
General Mills, Inc. 14,971 575,934
Green Mountain Coffee Roasters, Inc. (I) 3,513 326,498
Griffin Land & Nurseries, Inc. 165 4,237
H.J. Heinz Company (L) 7,564 381,831
Harbinger Group, Inc. (I) 1,153 5,846
Hormel Foods Corp. (L) 6,304 170,334
Imperial Sugar Company (L) 455 2,930
J & J Snack Foods Corp. 486 23,352
John B. Sanfilippo & Son, Inc. (I) 573 4,573
Kellogg Company 8,517 453,019
Kraft Foods, Inc., Class A 41,299 1,386,820
Lancaster Colony Corp. (L) 662 40,389
Lifeway Foods, Inc. (I) 593 6,327
McCormick & Company, Inc. 3,144 145,127

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Food Products (continued)    
Mead Johnson Nutrition Company 4,822 $ 331,898
Omega Protein Corp. (I) 623 5,657
Pilgrim’s Pride Corp. (I)(L) 4,787 20,440
Ralcorp Holdings, Inc. (I) 1,309 100,413
Sanderson Farms, Inc. 562 26,695
Sara Lee Corp. 13,787 225,417
Smart Balance, Inc. (I) 1,912 11,281
Smithfield Foods, Inc. (I)(L) 3,715 72,443
Snyders-Lance, Inc. 1,338 27,897
The Hain Celestial Group, Inc. (I)(L) 1,072 32,750
The Hershey Company 4,994 295,845
The J.M. Smucker Company 2,745 200,083
Tootsie Roll Industries, Inc. (L) 1,445 34,853
TreeHouse Foods, Inc. (I) 857 52,997
Tyson Foods, Inc., Class A (L) 8,975 155,806
 
    6,536,861
Household Products - 1.91%    
Central Garden & Pet Company, Class A (I) 974 6,896
Church & Dwight Company, Inc. (L) 3,332 147,274
Clorox Company 3,134 207,878
Colgate-Palmolive Company 11,457 1,016,007
Energizer Holdings, Inc. (I) 1,634 108,563
Kimberly-Clark Corp. 9,174 651,446
Oil-Dri Corp of America 334 6,206
The Procter & Gamble Company 65,457 4,135,573
WD-40 Company 456 18,167
 
    6,298,010
Personal Products - 0.28%    
Avon Products, Inc. 10,172 199,371
Elizabeth Arden, Inc. (I) 729 20,733
Herbalife, Ltd. 2,789 149,490
Inter Parfums, Inc. 849 13,117
Medifast, Inc. (I) 441 7,122
Nature’s Sunshine Products, Inc. (I) 300 4,224
Nu Skin Enterprises, Inc., Class A (L) 1,463 59,281
Nutraceutical International Corp. (I) 488 6,237
Prestige Brands Holdings, Inc. (I) 1,369 12,389
Revlon, Inc. (I) 1,331 16,398
Schiff Nutrition International, Inc. (I) 894 9,906
The Estee Lauder Companies, Inc., Class A 4,612 405,118
The Female Health Company 1,047 4,272
USANA Health Sciences, Inc. (I)(L) 433 11,908
 
    919,566
Tobacco - 1.48%    
Alliance One International, Inc. (I)(L) 2,675 6,527
Altria Group, Inc. 48,954 1,312,457
Lorillard, Inc. 3,381 374,277
Philip Morris International, Inc. 41,716 2,602,244
Reynolds American, Inc. 13,658 511,902
Star Scientific, Inc. (I)(L) 2,873 6,637
Universal Corp. (L) 594 21,301
Vector Group, Ltd. (L) 2,096 36,006
 
    4,871,351
    34,065,355
Energy - 11.32%    
Energy Equipment & Services - 1.71%    
Atwood Oceanics, Inc. (I)(L) 1,568 53,876
Baker Hughes, Inc. 10,231 472,263
Basic Energy Services, Inc. (I) 1,040 14,726
Bolt Technology Corp. (I) 331 3,323
Bristow Group, Inc. 770 32,671

 

389

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
Cal Dive International, Inc. (I) 2,573 $ 4,914
Cameron International Corp. (I) 5,770 239,686
CARBO Ceramics, Inc. (L) 550 56,392
Complete Production Services, Inc. (I) 1,890 35,627
Dawson Geophysical Company (I) 235 5,541
Diamond Offshore Drilling, Inc. (L) 3,277 179,383
Dresser-Rand Group, Inc. (I)(L) 1,889 76,561
Dril-Quip, Inc. (I) 966 52,077
Exterran Holdings, Inc. (I) 1,668 16,213
Exterran Partners LP 655 14,358
FMC Technologies, Inc. (I)(L) 5,671 213,230
Geokinetics, Inc. (I) 926 2,241
Global Geophysical Services, Inc. (I) 769 6,129
Global Industries, Ltd. (I)(L) 3,064 24,267
Gulf Islands Fabrication, Inc. 429 8,872
Gulfmark Offshore, Inc., Class A (I) 652 23,694
Halliburton Company 21,488 655,814
Helix Energy Solutions Group, Inc. (I) 2,572 33,693
Helmerich & Payne, Inc. 2,529 102,677
Hercules Offshore, Inc. (I)(L) 3,700 10,804
Hornbeck Offshore Services, Inc. (I)(L) 693 17,263
ION Geophysical Corp. (I)(L) 3,416 16,158
Key Energy Services, Inc. (I) 3,345 31,744
Lufkin Industries, Inc. 734 39,056
Matrix Service Company (I) 756 6,434
McDermott International, Inc. (I) 5,524 59,438
Nabors Industries, Ltd. (I) 6,826 83,687
National Oilwell Varco, Inc. 9,951 509,690
Natural Gas Services Group, Inc. (I) 423 5,427
Newpark Resources, Inc. (I) 2,334 14,214
Oceaneering International, Inc. (L) 2,569 90,788
Oil States International, Inc. (I) 1,224 62,326
OYO Geospace Corp. (I) 166 9,344
Parker Drilling Company (I) 3,008 13,205
Patterson-UTI Energy, Inc. 3,699 64,141
PHI, Inc. (I) 217 4,153
Pioneer Drilling Company (I) 1,558 11,186
Rignet, Inc. (I) 258 4,136
Rowan Companies, Inc. (I) 2,856 86,223
RPC, Inc. (L) 3,542 57,805
Schlumberger, Ltd. 31,874 1,903,834
SEACOR Holdings, Inc. 481 38,581
Superior Energy Services, Inc. (I) 1,906 50,013
Tesco Corp. (I) 769 8,920
Tetra Technologies, Inc. (I) 2,029 15,664
Tidewater, Inc. (L) 1,228 51,637
Union Drilling, Inc. (I) 807 3,793
Unit Corp. (I) 1,166 43,049
Vantage Drilling Company (I) 6,701 8,376
 
    5,649,317
Oil, Gas & Consumable Fuels - 9.61%    
Abraxas Petroleum Corp. (I)(L) 2,156 5,692
Alliance Holdings GP LP (L) 1,431 62,950
Alliance Resource Partners LP 887 58,152
Alon USA Energy, Inc. 1,531 9,385
Alpha Natural Resources, Inc. (I) 5,289 93,562
Amyris, Inc. (I) 933 18,884
Anadarko Petroleum Corp. 11,699 737,622
Apache Corp. 8,894 713,655
Apco Oil and Gas International, Inc. 707 52,615
Approach Resources, Inc. (I) 772 13,116
Arch Coal, Inc. 4,759 69,386
Atlas Energy LP 1,294 24,030
Atlas Pipeline Partners LP 1,367 40,832

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
ATP Oil & Gas Corp. (I)(L) 1,271 $ 9,799
Berry Petroleum Company, Class A 1,225 43,341
Bill Barrett Corp. (I) 1,147 41,567
Blueknight Energy Partners LP (I) 1,142 7,092
Boardwalk Pipeline Partners LP 3,977 101,970
BP Prudhoe Bay Royalty Trust (L) 460 48,461
BPZ Resources, Inc. (I)(L) 3,316 9,185
BreitBurn Energy Partners LP (L) 1,480 25,752
Brigham Exploration Company (I) 2,648 66,888
Buckeye Partners LP 1,755 109,705
Cabot Oil & Gas Corp. 2,470 152,918
Callon Petroleum Company (I) 905 3,502
Calumet Specialty Products Partners LP 1,232 20,870
Capital Product Partners LP 915 5,847
Carrizo Oil & Gas, Inc. (I)(L) 896 19,309
Cheniere Energy Partners LP 4,127 55,921
Cheniere Energy, Inc. (I)(L) 1,803 9,285
Chesapeake Energy Corp. 15,503 396,102
Chevron Corp. 47,180 4,365,094
Cimarex Energy Company (L) 2,021 112,570
Clayton Williams Energy, Inc. (I)(L) 317 13,571
Clean Energy Fuels Corp. (I)(L) 1,638 18,215
Cloud Peak Energy, Inc. (I)(L) 1,121 19,001
Cobalt International Energy, Inc. (I) 8,959 69,074
Comstock Resources, Inc. (I) 1,220 18,861
Concho Resources, Inc. (I) 2,318 164,903
ConocoPhillips 33,216 2,103,237
Consol Energy, Inc. 5,146 174,604
Contango Oil & Gas Company (I)(L) 423 23,142
Continental Resources, Inc. (I)(L) 4,294 207,701
Copano Energy LLC 1,794 53,479
CREDO Petroleum Corp. (I) 466 3,882
Crimson Exploration, Inc. (I) 1,557 3,348
Cross Timbers Royalty Trust 244 10,956
Crosstex Energy LP 1,494 24,233
Crosstex Energy, Inc. (L) 1,391 18,751
CVR Energy, Inc. (I) 2,128 44,986
DCP Midstream Partners LP 1,165 46,623
Delek US Holdings, Inc. 1,493 16,826
Denbury Resources, Inc. (I) 9,610 110,515
Devon Energy Corp. 9,944 551,295
DHT Holdings, Inc. 1,257 2,564
Dorchester Minerals LP 835 19,856
Eagle Rock Energy Partners LP 2,718 26,392
El Paso Corp. 17,730 309,920
El Paso Pipeline Partners LP 4,516 160,183
Enbridge Energy Management LLC (I) 1,109 30,486
Enbridge Energy Partners LP 9,396 258,108
Encore Energy Partners LP 1,289 24,130
Endeavour International Corp. (I) 746 5,953
Energen Corp. 1,687 68,981
Energy Partners, Ltd. (I) 791 8,756
Energy Transfer Equity LP 5,363 186,525
Energy Transfer Partners LP 4,605 188,851
Energy XXI Bermuda, Ltd. (I) 1,652 35,435
Enterprise Products Partners LP 21,628 868,364
EOG Resources, Inc. 6,328 449,351
EQT Corp. 3,309 176,568
EV Energy Partner LP 751 53,832
EXCO Resources, Inc. 5,188 55,615
Exxon Mobil Corp. 115,624 8,397,771
Forest Oil Corp. (I) 2,769 39,874
FX Energy, Inc. (I)(L) 1,516 6,261
Gastar Exploration, Ltd. (I) 1,854 5,562
Genesis Energy LP 1,517 36,727

 

390

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
Georesources, Inc. (I) 522 $ 9,286
Gevo Incgevo Inc (I) 551 3,069
Global Partners LP 664 11,673
GMX Resources, Inc. (I) 1,403 3,185
Goodrich Petroleum Corp. (I)(L) 1,033 12,210
Green Plains Renewable Energy, Inc. (I) 881 8,220
Gulfport Energy Corp. (I) 1,179 28,508
Harvest Natural Resources, Inc. (I)(L) 980 8,399
Hess Corp. 8,011 420,257
Holly Energy Partners LP 571 28,087
HollyFrontier Corp. 4,960 130,051
Houston American Energy Corp. (L) 690 9,494
Hugoton Royalty Trust (L) 1,047 22,249
Hyperdynamics Corp. (I)(L) 3,833 14,182
Inergy LP 2,721 68,079
Isramco, Inc. (I) 58 3,352
James River Coal Company (I)(L) 776 4,943
Kinder Morgan Energy Partners LP 4,913 335,951
Kinder Morgan Management LLC (I) 2,241 131,524
KiOR, Inc., Class A (I)(L) 2,210 45,835
Kodiak Oil & Gas Corp. (I) 4,695 24,461
Legacy Reserves LP 925 24,004
Linn Energy LLC 3,915 139,609
Magellan Midstream Partners LP 2,294 138,558
Magnum Hunter Resources Corp. (I)(L) 2,732 9,043
Marathon Oil Corp. 16,752 361,508
Marathon Petroleum Corp. 8,462 228,982
Markwest Energy Partners LP 1,872 86,018
Martin Midstream Partners LP 438 14,231
McMoRan Exploration Company (I)(L) 3,606 35,808
Murphy Oil Corp. 4,596 202,959
Natural Resource Partners LP 2,164 54,879
Newfield Exploration Company (I) 3,177 126,095
Niska Gas Storage Partners LLC 502 5,843
Noble Energy, Inc. 4,157 294,316
Northern Oil and Gas, Inc. (I)(L) 1,411 27,359
NuStar Energy LP 1,282 67,023
NuStar GP Holdings LLC 1,048 32,132
Oasis Petroleum, Inc. (I) 1,959 43,744
Occidental Petroleum Corp. 19,098 1,365,507
ONEOK Partners LP 4,460 207,925
Overseas Shipholding Group, Inc. (L) 760 10,442
PAA Natural Gas Storage LP 1,028 16,756
Panhandle Oil and Gas, Inc. 306 8,681
Patriot Coal Corp. (I) 2,255 19,077
Peabody Energy Corp. 6,375 215,985
Penn Virginia Corp. (L) 1,269 7,068
Penn Virginia Resource Partners LP 1,865 43,622
Petroleum Development Corp. (I)(L) 482 9,346
Petroquest Energy, Inc. (I) 1,669 9,180
Pioneer Natural Resources Company 2,770 182,183
Pioneer Southwest Energy Partners LP 782 18,901
Plains All American Pipeline LP 3,335 196,498
Plains Exploration & Production Company (I) 3,390 76,987
QEP Resources, Inc. 4,200 113,694
Quicksilver Resources, Inc. (I)(L) 4,280 32,442
Range Resources Corp. 3,806 222,499
Regency Energy Partners LP 3,610 80,864
Rentech, Inc. (I) 8,191 6,391
Rex Energy Corp. (I) 1,146 14,497
Rhino Resource Partners LP 453 7,995
Rosetta Resources, Inc. (I)(L) 1,283 43,904
SandRidge Energy, Inc. (I)(L) 9,916 55,133
Sandridge Mississippian Trust 338 7,602
Ship Finance International, Ltd. (L) 2,036 26,468

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
SM Energy Company 1,515 $ 91,885
SMF Energy Corp. 2,387 5,824
Solazyme, Inc. (I) 1,211 11,638
Southern Union Company 2,951 119,722
Southwestern Energy Company (I) 8,229 274,273
Spectra Energy Corp. 15,535 381,074
Spectra Energy Partners LP 1,996 56,307
Stone Energy Corp. (I)(L) 1,246 20,198
Sunoco Logistics Partners LP 719 63,624
Sunoco, Inc. 2,924 90,673
Swift Energy Company (I) 1,049 25,533
Targa Resources Corp. 824 24,514
Targa Resources Partners LP 2,184 71,810
TC Pipelines LP 1,043 45,725
Teekay Corp. (L) 1,828 41,331
Teekay LNG Partners LP 974 30,311
Teekay Offshore Partners LP 878 21,581
Tesoro Corp. (I)(L) 3,471 67,580
Tesoro Logistics LP 268 6,378
The Williams Companies, Inc. 13,955 339,665
TransMontaigne Partners LP 569 18,737
Ultra Petroleum Corp. (I) 3,650 101,178
Uranerz Energy Corp. (I)(L) 2,497 3,421
Uranium Energy Corp. (I)(L) 2,161 5,921
Uranium Resources, Inc. (I) 3,703 2,524
USEC, Inc. (I) 3,092 4,978
Vaalco Energy, Inc. (I) 1,623 7,888
Valero Energy Corp. 13,522 240,421
Venoco, Inc. (I) 1,516 13,356
Voc Energy Trust 248 5,166
Voyager Oil & Gas, Inc. (I) 1,367 2,871
W&T Offshore, Inc. 1,817 25,002
Warren Resources, Inc. (I) 2,454 5,890
Western Gas Partners LP 1,052 35,526
Western Refining, Inc. (I)(L) 2,248 28,010
Westmoreland Coal Company (I) 386 2,995
Whiting Petroleum Corp. (I) 2,660 93,313
Williams Partners LP 6,606 358,309
World Fuel Services Corp. 1,546 50,477
Zion Oil & Gas, Inc. (I) 1,070 2,097
 
    31,630,826
    37,280,143
Financials - 14.77%    
Capital Markets - 2.01%    
Affiliated Managers Group, Inc. (I) 1,124 87,728
AllianceBernstein Holding LP 2,352 32,105
American Capital, Ltd. (I) 7,742 52,800
Ameriprise Financial, Inc. 5,729 225,493
Apollo Investment Corp. 3,753 28,223
Artio Global Investors, Inc. 1,239 9,862
BGC Partners, Inc., Class A (L) 2,505 15,105
BlackRock, Inc. 3,093 457,795
Blackstone Group LP 8,179 97,984
Calamos Asset Management, Inc. 655 6,557
Cohen & Steers, Inc. 1,073 30,849
Cowen Group, Inc., Class A (I) 2,816 7,631
Diamond Hill Investment Group, Inc. 87 6,037
Duff & Phelps Corp. 1,211 12,909
E*TRADE Financial Corp. (I) 6,323 57,603
Eaton Vance Corp. (L) 2,923 65,095
Edelman Financial Group, Inc. 1,036 6,693
Ellington Financial Llcellington Financial Llc 311 5,343
Epoch Holding Corp. 677 9,187

 

391

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
Evercore Partners, Inc., Class A 513 $ 11,696
FBR Capital Markets Corp. (I) 2,119 5,043
Federated Investors, Inc., Class B 2,565 44,964
Fifth Street Finance Corp. 1,297 12,088
Financial Engines, Inc. (I) 941 17,042
Fortress Investment Group LLC (I) 11,718 35,271
Franklin Resources, Inc. 5,221 499,336
GAMCO Investors, Inc., Class A 699 27,534
GFI Group, Inc. 3,352 13,475
Gleacher & Company, Inc. (I) 4,232 5,036
Greenhill & Company, Inc. 703 20,099
HFF, Inc. (I) 658 5,751
ICG Group, Inc. (I) 972 8,952
International FCStone, Inc. (I)(L) 571 11,854
Invesco, Ltd. 10,918 169,338
Investment Technology Group, Inc. (I) 1,201 11,758
Janus Capital Group, Inc. 4,671 28,026
Jefferies Group, Inc. 4,373 54,269
JMP Group, Inc. 827 4,805
KBW, Inc. 919 12,673
Knight Capital Group, Inc., Class A (I) 2,401 29,196
Ladenburg Thalmann    
Financial Services, Inc. (I) 5,934 9,198
Lazard, Ltd., Class A 2,608 55,029
Legg Mason, Inc. 3,557 91,450
LPL Investment Holdings, Inc. (I) 2,246 57,093
Main Street Capital Corp. 343 6,092
MCG Capital Corp. 1,520 6,019
Medallion Financial Corp. 663 6,166
MF Global Holdings, Ltd. (I)(L) 3,426 14,149
Morgan Stanley 44,934 606,609
Northern Trust Corp. 5,755 201,310
Och-Ziff Capital Management Group LLC. 9,001 82,179
Oppenheimer Holdings, Inc., Class A 224 3,593
Penson Worldwide, Inc. (I)(L) 1,757 2,548
Piper Jaffray Companies (I) 532 9,539
Pzena Investment Management, Inc., Class A 1,907 6,255
Raymond James Financial, Inc. 3,064 79,541
Safeguard Scientifics, Inc. (I) 662 9,930
SEI Investments Company 4,521 69,533
State Street Corp. 11,895 382,543
Stifel Financial Corp. (I)(L) 1,311 34,820
SWS Group, Inc. 1,520 7,129
T. Rowe Price Group, Inc. 6,153 293,929
TD Ameritrade Holding Corp. 13,540 199,106
The Bank of New York Mellon Corp. 29,306 544,799
The Charles Schwab Corp. 30,119 339,441
The Goldman Sachs Group, Inc. 12,164 1,150,106
U.S. Global Investors, Inc. 604 4,095
Virtus Investment Partners, Inc. (I) 96 5,148
W. P. Carey & Co. LLC 957 34,864
Waddell & Reed Financial, Inc., Class A 2,117 52,946
Walter Investment Management Corp. 698 16,005
Westwood Holdings Group, Inc. 206 7,117
 
    6,631,486
Commercial Banks - 2.61%    
1st Source Corp. 701 14,602
Alliance Financial Corp. 251 7,041
American National Bankshares, Inc. 319 5,774
Ameris Bancorp (I)(L) 553 4,817
Ames National Corp. 335 5,236
Arrow Financial Corp. 344 7,654
Associated-Banc Corp. 3,499 32,541
BancFirst Corp. 440 14,590

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Bancorp Rhode Island, Inc. 216 $ 9,156
Bancorp, Inc. (I) 700 5,012
BancorpSouth, Inc. (L) 2,201 19,325
Bank of Hawaii Corp. (L) 1,191 43,352
Bank of Marin Bancorp 242 7,996
Bank of the Ozarks, Inc. 848 17,749
Banner Corp. 606 7,751
BB&T Corp. 16,417 350,175
BOK Financial Corp. (L) 1,648 77,275
Boston Private Financial Holdings, Inc. (L) 2,048 12,042
Bridge Bancorp, Inc. 294 5,380
Bryn Mawr Bank Corp. 316 5,236
Camden National Corp. 254 6,916
Cape Bancorp, Inc. (I) 884 6,250
Capital Bank Corp. (I) 1,134 2,359
Capital City Bank Group, Inc. 609 6,334
CapitalSource, Inc. 8,040 49,366
Cardinal Financial Corp. 896 7,724
Cascade Bancorpcascade Bancorp (I) 981 5,719
Cathay General Bancorp 1,470 16,729
Center Bancorp, Inc. 751 7,247
Center Financial Corp. (I) 858 4,024
Centerstate Banks, Inc. 883 4,618
Central Pacific Financial Corp. (I) 818 8,442
Century Bancorp, Inc. 263 6,107
Chemical Financial Corp. 686 10,503
CIT Group, Inc. (I) 4,737 143,863
Citizens & Northern Corp. 307 4,562
City Holding Company (L) 491 13,252
City National Corp. 1,305 49,277
CNB Financial Corp. 345 4,423
CoBiz Financial, Inc. (L) 1,501 6,709
Columbia Banking System, Inc. (L) 644 9,222
Comerica, Inc. 4,588 105,386
Commerce Bancshares, Inc. (L) 2,126 73,879
Community Bank Systems, Inc. (L) 937 21,261
Community Trust Bancorp, Inc. 445 10,364
Crescent Financial Corp. (I) 1,278 3,821
Cullen/Frost Bankers, Inc. 1,477 67,735
CVB Financial Corp. 2,866 22,040
Eagle Bancorp, Inc. (I) 520 6,120
East West Bancorp, Inc. 3,245 48,383
Encore Bancshares, Inc. (I) 523 5,575
Enterprise Bancorp, Inc. 400 4,932
Enterprise Financial Services Corp. 505 6,863
Fifth Third Bancorp 20,798 210,060
Financial Institutions, Inc. 366 5,219
First Bancorp, Inc. 349 4,394
First Bancorp/Troy NC 566 5,683
First Busey Corp. (L) 1,133 4,929
First Citizens BancShares, Inc. 258 37,033
First Commonwealth Financial Corp. 2,381 8,810
First Community Bancshares, Inc. 595 6,069
First Financial Bancorp 1,424 19,651
First Financial Bankshares, Inc. (L) 843 22,053
First Financial Corp./Indiana 375 10,316
First Horizon National Corp. 6,054 36,082
First Interstate Bancsystem, Inc. 798 8,547
First Merchants Corp. 685 4,829
First Midwest Bancorp, Inc. 1,437 10,519
First of Long Island Corp. 263 5,960
First Republic Bank (I) 2,694 62,393
FirstMerit Corp. (L) 2,208 25,083
FNB Corp. 3,156 27,047
Fulton Financial Corp. 4,878 37,317

 

392

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
German American Bancorp, Inc. 470 $ 7,576
Glacier Bancorp, Inc. 1,642 15,386
Great Southern Bancorp, Inc. 437 7,333
Guaranty Bancorp (I) 3,117 3,740
Hampton Roads Bankshares, Inc. (I) 929 4,366
Hancock Holding Company 1,644 44,026
Hanmi Financial Corp. (I) 5,108 4,240
Heartland Financial USA, Inc. 540 7,657
Home Bancorp, Inc. (I) 423 6,155
Home Bancshares, Inc. 638 13,538
Huntington Bancshares, Inc. 19,028 91,334
IBERIABANK Corp. (L) 534 25,130
Independent Bank Corp. - MA 557 12,109
International Bancshares Corp. 1,818 23,907
Investors Bancorp, Inc. (I) 2,925 36,943
KeyCorp 22,547 133,704
Lakeland Bancorp, Inc. 859 6,717
Lakeland Financial Corp. 379 7,830
M&T Bank Corp. 2,949 206,135
Macatawa Bank Corp. (I) 1,326 3,580
MainSource Financial Group, Inc. 667 5,816
MB Financial, Inc. 1,020 15,014
Merchants Bancshares, Inc. 317 8,489
Metro Bancorp, Inc. (I) 365 3,157
Middleburg Financial Corp. 352 5,347
Midsouth Bancorp, Inc. 361 3,881
Nara Bancorp, Inc. (I)(L) 1,093 6,635
National Bankshares, Inc. 222 5,357
National Penn Bancshares, Inc. (L) 3,509 24,598
NBT Bancorp, Inc. 906 16,870
NewBridge Bancorp. (I) 1,200 4,620
Northfield Bancorp, Inc. (L) 1,319 17,464
Old National Bancorp 1,849 17,233
Oriental Financial Group, Inc. 922 8,916
Pacific Capital Bancorp (I) 655 16,716
Pacific Continental Corp. 507 3,595
PacWest Bancorp (L) 951 13,257
Park National Corp. 392 20,729
Peapack Gladstone Financial Corp. 326 3,286
Penns Woods Bancorp, Inc. 225 7,369
Peoples Bancorp, Inc. 388 4,268
Peoples Financial Corp. 366 3,880
Pinnacle Financial Partners, Inc. (I)(L) 955 10,448
PNC Financial Services Group, Inc. 12,392 597,170
Popular, Inc. (I) 22,904 34,356
PrivateBancorp, Inc. 1,486 11,175
Prosperity Bancshares, Inc. 1,181 38,595
Regions Financial Corp. (L) 30,089 100,196
Renasant Corp. 644 8,198
Republic Bancorp, Inc., Class A 353 6,252
Republic First Bancorp, Inc. (I) 2,364 3,711
S&T Bancorp, Inc. 786 12,702
Sandy Spring Bancorp, Inc. 538 7,871
SCBT Financial Corp. 357 8,811
Seacoast Banking Corp. of Florida (I) 3,941 5,793
Sierra Bancorp (L) 405 3,706
Signature Bank (I)(L) 1,014 48,398
Simmons First National Corp., Class A 411 8,919
Southside Bancshares, Inc. (L) 501 9,023
State Bancorp, Inc. 545 5,761
StellarOne Corp. 722 7,184
Sterling Bancorp 613 4,450
Sterling Financial Corp. (I) 1,391 17,221
Sun Bancorp, Inc. (I) 1,838 4,871
SunTrust Banks, Inc. 12,667 227,373

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Banks (continued)    
Susquehanna Bancshares, Inc. (L) 2,417 $ 13,221
SVB Financial Group (I)(L) 921 34,077
SY Bancorp, Inc. 393 7,318
Synovus Financial Corp. (L) 19,112 20,450
Taylor Capital Group, Inc. (I) 701 4,500
TCF Financial Corp. 3,418 31,309
Texas Capital Bancshares, Inc. (I) 906 20,702
Tompkins Financial Corp. (L) 319 11,414
Tower Bancorp., Inc. 259 5,423
TowneBank (L) 688 7,823
TriCo Bancshares 463 5,681
Trustmark Corp. (L) 1,569 28,477
U.S. Bancorp 45,287 1,066,056
UMB Financial Corp. 1,017 32,625
Umpqua Holdings Corp. 2,347 20,630
Union First Market Bankshares Corp. 425 4,556
United Bankshares, Inc. 1,203 24,168
United Community Banks, Inc. (I) 876 7,437
Univest Corp. of Pennsylvania 425 5,665
Valley National Bancorp 4,285 45,378
Virginia Commerce Bancorp, Inc. (I)(L) 1,246 7,314
Washington Trust Bancorp, Inc. 509 10,068
Webster Financial Corp. 1,918 29,345
Wells Fargo & Company 124,228 2,996,379
WesBanco, Inc. 752 13,017
West Coast Bancorp (I) 391 5,474
Westamerica Bancorp. (L) 739 28,318
Western Alliance Bancorp (I) 2,227 12,204
Wilshire Bancorp, Inc. (I) 1,518 4,159
Wintrust Financial Corp. (L) 697 17,990
Yadkin Valley Financial Corp. (I) 2,340 3,884
Zions Bancorporation (L) 3,993 56,182
 
    8,596,034
Consumer Finance - 0.73%    
Advance America Cash Advance Centers, Inc. 1,640 12,070
American Express Company 28,236 1,267,796
Capital One Financial Corp. (L) 10,789 427,568
Cash America International, Inc. (L) 711 36,375
CompuCredit Holdings Corp. (I)(L) 1,562 4,358
Credit Acceptance Corp. (I) 613 39,453
DFC Global Corp. (I) 1,023 22,353
Discover Financial Services 12,834 294,412
EZCORP, Inc., Class A (I) 1,228 35,047
First Cash Financial Services, Inc. (I)(L) 761 31,924
Green Dot Corp., Class A (I) 933 29,222
Imperial Holdings, Inc. (I) 412 989
Nelnet, Inc., Class A 1,221 22,930
Netspend Holdings, Inc. (I) 1,890 9,715
SLM Corp. 12,277 152,849
The First Marblehead Corp. (I)(L) 3,582 3,654
World Acceptance Corp. (I) 384 21,485
 
    2,412,200
Diversified Financial Services - 2.27%    
Asset Acceptance Capital Corp. (I) 1,096 3,694
Asta Funding, Inc. 615 4,988
Bank of America Corp. 238,116 1,457,270
California First National Bancorp 339 5,190
CBOE Holdings, Inc. 1,964 48,059
Citigroup, Inc. 68,236 1,748,206
CME Group, Inc. 1,590 391,776
Encore Capital Group, Inc. (I) 614 13,416
Interactive Brokers Group, Inc., Class A 1,129 15,727
IntercontinentalExchange, Inc. (I) 1,750 206,955

 

393

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Diversified Financial Services (continued)    
JPMorgan Chase & Company 93,305 $ 2,810,347
KKR Financial Holdings LLC 4,229 31,421
Leucadia National Corp. (L) 5,745 130,297
MarketAxess Holdings, Inc. 984 25,604
Moody’s Corp. (L) 5,384 163,943
MSCI, Inc. (I) 2,844 86,259
NewStar Financial, Inc. (I) 1,387 12,955
NYSE Euronext 6,238 144,971
PHH Corp. (I) 1,363 21,917
PICO Holdings, Inc. (I) 629 12,901
Portfolio Recovery Associates, Inc. (I) 401 24,950
Primus Guaranty, Ltd. (I) 1,302 6,862
Resource America, Inc. 910 4,104
The NASDAQ OMX Group, Inc. (I) 4,253 98,414
 
    7,470,226
Insurance - 3.95%    
Aflac, Inc. 11,045 386,023
Alleghany Corp. (I) 197 56,835
Allied World Assurance    
Company Holdings, Ltd. 864 46,405
Alterra Capital Holdings, Ltd. 1,769 33,558
American Equity Investment Life    
Holding Company 1,598 13,983
American Financial Group, Inc. 2,435 75,655
American International Group, Inc. (I)(L) 44,530 977,434
American National Insurance Company 680 47,090
American Safety Insurance Holdings, Ltd. (I) 377 6,937
AMERISAFE, Inc. (I) 523 9,628
Amtrust Financial Services, Inc. 1,464 32,589
AON Corp. 7,751 325,387
Arch Capital Group, Ltd. (I) 3,074 100,443
Argo Group International Holdings, Ltd. 785 22,270
Arthur J. Gallagher & Company 2,486 65,382
Aspen Insurance Holdings, Ltd. (L) 1,667 38,408
Assurant, Inc. 2,249 80,514
Assured Guaranty, Ltd. 4,193 46,081
Axis Capital Holdings, Ltd. 3,011 78,105
Baldwin & Lyons, Inc., Class B 486 10,386
Berkshire Hathaway, Inc., Class B (I)(L) 58,023 4,121,954
Brown & Brown, Inc. 3,423 60,929
Chubb Corp. 6,780 406,732
Cincinnati Financial Corp. (L) 3,925 103,345
Citizens, Inc., Class A (I)(L) 1,265 8,109
CNA Financial Corp. 6,333 142,303
CNO Financial Group, Inc. (I) 5,386 29,138
Crawford & Company, Class B 1,523 8,163
Delphi Financial Group, Inc., Class A 1,324 28,492
Donegal Group, Inc. 383 4,611
Eastern Insurance Holdings, Inc. 434 5,707
eHealth, Inc. (I)(L) 752 10,272
EMC Insurance Group, Inc. 422 7,765
Employers Holdings, Inc. 1,025 13,079
Endurance Specialty Holdings, Ltd. 935 31,930
Enstar Group, Ltd. (I) 327 31,140
Erie Indemnity Company 1,215 86,484
Everest Re Group, Ltd. 1,234 97,955
FBL Financial Group, Inc., Class A 821 21,855
Fidelity National Financial, Inc., Class A 5,271 80,014
First American Financial Corp. 2,568 32,870
Flagstone Reinsurance Holdings SA 1,933 14,981
FPIC Insurance Group, Inc. (I) 247 10,334
Genworth Financial, Inc., Class A (I) 11,738 67,376
Greenlight Capital Re, Ltd., Class A (I) 975 20,222
Hallmark Financial Services, Inc. (I) 809 5,962

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Harleysville Group, Inc. 741 $ 43,615
Hartford Financial Services Group, Inc. 10,510 169,631
HCC Insurance Holdings, Inc. 2,636 71,304
Hilltop Holdings, Inc. (I) 1,582 11,406
Horace Mann Educators Corp. 1,106 12,619
Independence Holding Company 630 4,568
Infinity Property & Casualty Corp. 310 16,269
Kansas City Life Insurance Company 329 10,156
Kemper Corp. 1,473 35,293
Lincoln National Corp. 7,471 116,772
Loews Corp. 9,568 330,574
Maiden Holdings, Ltd. 1,955 14,447
Markel Corp. (I) 223 79,640
Marsh & McLennan Companies, Inc. 12,855 341,172
MBIA, Inc. (I)(L) 4,868 35,390
Meadowbrook Insurance Group, Inc. (L) 1,542 13,739
Mercury General Corp. 1,321 50,660
MetLife, Inc. 24,389 683,136
Montpelier Re Holdings, Ltd. (L) 1,572 27,793
National Financial Partners Corp. (I)(L) 1,156 12,647
National Interstate Corp. 566 12,441
National Western Life Insurance    
Company, Class A 104 14,092
Old Republic International Corp. (L) 6,373 56,847
OneBeacon Insurance Group, Ltd. 2,481 33,841
PartnerRe, Ltd. 1,485 77,621
Platinum Underwriters Holdings, Ltd. 885 27,214
Presidential Life Corp. (L) 895 7,357
Primerica, Inc. 1,360 29,322
Principal Financial Group, Inc. (L) 7,614 172,609
ProAssurance Corp. 691 49,766
Protective Life Corp. (L) 2,119 33,120
Prudential Financial, Inc. 11,484 538,140
Reinsurance Group of America, Inc. 1,770 81,332
RenaissanceRe Holdings, Ltd. 1,169 74,582
RLI Corp. (L) 484 30,773
Safety Insurance Group, Inc. 412 15,586
SeaBright Holdings, Inc. 748 5,386
Selective Insurance Group, Inc. 1,417 18,492
StanCorp Financial Group, Inc. 1,150 31,706
State Auto Financial Corp. 1,112 14,623
Stewart Information Services Corp. 519 4,588
Symetra Financial Corp. 1,938 15,795
The Allstate Corp. 12,274 290,771
The Hanover Insurance Group, Inc. 1,079 38,305
The Navigators Group, Inc. (I)(L) 425 18,360
The Phoenix Companies, Inc. (I)(L) 3,507 4,279
The Progressive Corp. 15,291 271,568
The Travelers Companies, Inc. 9,755 475,361
Torchmark Corp. 2,510 87,499
Tower Group, Inc. (L) 1,070 24,460
Transatlantic Holdings, Inc. 1,460 70,839
United Fire & Casualty Company 760 13,444
Universal Insurance Holdings, Inc. 1,281 4,932
Unum Group (L) 7,291 152,819
Validus Holdings, Ltd. 1,989 49,566
W.R. Berkley Corp. 3,274 97,205
White Mountains Insurance Group, Ltd. 185 75,064
 
    13,005,371
Real Estate Investment Trusts - 2.76%    
Acadia Realty Trust 1,128 21,094
Agree Realty Corp. (L) 281 6,120
Alexander’s, Inc. 127 45,850
Alexandria Real Estate Equities, Inc. (L) 1,245 76,431

 

394

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
American Campus Communities, Inc. 1,843 $ 68,578
American Capital Agency Corp. 3,204 86,828
Annaly Capital Management, Inc. (L) 21,277 353,837
Anworth Mortgage Asset Corp. (L) 2,647 18,000
Apartment Investment & Management    
Company, Class A 3,010 66,581
Apollo Commercial Real Estate Finance, Inc. 836 11,010
Arbor Realty Trust, Inc. (I) 1,130 4,271
Ashford Hospitality Trust, Inc. 1,677 11,773
Associated Estates Realty Corp. 1,065 16,465
AvalonBay Communities, Inc. 2,074 236,540
BioMed Realty Trust, Inc. 2,813 46,611
Boston Properties, Inc. 3,469 309,088
Brandywine Realty Trust (L) 3,537 28,331
BRE Properties, Inc. 1,406 59,530
Camden Property Trust 1,683 93,003
Campus Crest Communities, Inc. 572 6,223
Capital Trust, Inc., Class A (I) 1,171 2,611
CapLease, Inc. 2,598 9,379
Capstead Mortgage Corp. 1,589 18,337
Care Investment Trust, Inc. 804 5,355
CBL & Associates Properties, Inc. (L) 3,692 41,941
Cedar Shopping Centers, Inc. 2,403 7,473
Chatham Lodging Trust 523 5,188
Chesapeake Lodging Trust 555 6,699
Chimera Investment Corp. 25,627 70,987
Cogdell Spencer, Inc. 3,089 11,646
Colonial Properties Trust 1,651 29,982
Colony Financial, Inc. 216 2,791
CommonWealth 1,493 28,322
Coresite Realty Corp. 633 9,084
Corporate Office Properties Trust 1,530 33,323
Cousins Properties, Inc. 2,730 15,971
CreXus Investment Corp. 1,825 16,206
CubeSmart 2,501 21,334
CYS Investments, Inc. 2,332 28,194
DCT Industrial Trust, Inc. (L) 5,788 25,409
DDR Corp. 6,154 67,079
DiamondRock Hospitality Company 3,957 27,659
Digital Realty Trust, Inc. 2,126 117,270
Douglas Emmett, Inc. (L) 3,216 54,994
Duke Realty Corp. (L) 5,943 62,402
DuPont Fabros Technology, Inc. 1,429 28,137
Dynex Capital, Inc. 1,357 10,937
EastGroup Properties, Inc. 696 26,545
Education Realty Trust, Inc. 1,748 15,015
Entertainment Properties Trust (L) 1,023 39,877
Equity Lifestyle Properties, Inc. 768 48,154
Equity One, Inc. (L) 2,251 35,701
Equity Residential 7,014 363,816
Essex Property Trust, Inc. 732 87,869
Excel Trust, Inc. 1,236 11,890
Extra Space Storage, Inc. 2,375 44,246
Federal Realty Investment Trust 1,539 126,829
FelCor Lodging Trust, Inc. (I) 3,275 7,631
First Industrial Realty Trust, Inc. (I) 1,865 14,920
First Potomac Realty Trust 1,135 14,153
Franklin Street Properties Corp. (L) 1,913 21,636
General Growth Properties, Inc. 22,948 277,671
Getty Realty Corp. (L) 779 11,233
Gladstone Commercial Corp. 895 14,034
Glimcher Realty Trust 2,685 19,010
Government Properties Income Trust 957 20,585
Gramercy Capital Corp. (I) 1,840 5,778
Hatteras Financial Corp. 1,661 41,791

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Real Estate Investment Trusts (continued)    
HCP, Inc. (L) 9,341 $ 327,495
Health Care REIT, Inc. 3,830 179,244
Healthcare Realty Trust, Inc. 1,607 27,078
Hersha Hospitality Trust 4,355 15,068
Highwoods Properties, Inc. (L) 1,838 51,942
Home Properties, Inc. 876 49,722
Hospitality Properties Trust (L) 3,204 68,021
Host Hotels & Resorts, Inc. (L) 16,413 179,558
Hudson Pacific Properties, Inc. 618 7,187
Inland Real Estate Corp. 2,398 17,505
Invesco Mortgage Capital, Inc. 1,087 15,359
Investors Real Estate Trust 2,146 15,451
iStar Financial, Inc. (I)(L) 2,454 14,282
Kilroy Realty Corp. (L) 1,174 36,746
Kimco Realty Corp. (L) 9,882 148,526
Kite Realty Group Trust 2,374 8,689
LaSalle Hotel Properties 1,889 36,269
Lexington Realty Trust 3,804 24,878
Liberty Property Trust (L) 2,872 83,604
LTC Properties, Inc. 629 15,926
Mack-Cali Realty Corp. 2,075 55,506
Medical Properties Trust, Inc. 2,812 25,167
MFA Financial, Inc. 7,083 49,723
MHI Hospitality Corp. 1,952 4,216
Mid-America Apartment Communities, Inc. 774 46,610
Mission West Properties, Inc. 803 6,095
Monmouth Real Estate Investment Corp. 1,562 12,387
MPG Office Trust, Inc. (I) 2,031 4,285
National Health Investments, Inc. 689 29,028
National Retail Properties, Inc. (L) 2,109 56,669
New York Mortgage Trust, Inc. 714 4,991
Newcastle Investment Corp. 1,842 7,497
NorthStar Realty Finance Corp. 3,174 10,474
Omega Healthcare Investors, Inc. (L) 2,259 35,986
One Liberty Properties, Inc. 569 8,342
Parkway Properties, Inc. 700 7,707
Pebblebrook Hotel Trust 889 13,913
Pennsylvania Real Estate Investment Trust 1,595 12,329
Pennymac Mortgage Investment Trust 492 7,823
Piedmont Office    
Realty Trust, Inc., Class A (L) 3,107 50,240
Plum Creek Timber Company, Inc. (L) 3,920 136,063
Post Properties, Inc. 1,269 44,085
Potlatch Corp. (L) 1,075 33,884
Prologis, Inc. 10,014 242,840
PS Business Parks, Inc. 616 30,517
Public Storage 4,048 450,745
Rait Financial Trust (L) 1,332 4,515
Ramco-Gershenson Properties Trust (L) 823 6,749
Rayonier, Inc. (L) 2,973 109,377
Realty Income Corp. 2,682 86,468
Redwood Trust, Inc. (L) 2,139 23,893
Regency Centers Corp. (L) 2,150 75,960
Resource Capital Corp. 1,630 8,150
RLJ Lodging Trust 2,199 28,081
Sabra Healthcare REIT, Inc. 505 4,818
Saul Centers, Inc. 535 18,088
Senior Housing Properties Trust 3,177 68,433
Simon Property Group, Inc. 6,935 762,711
SL Green Realty Corp. 1,996 116,067
Sovran Self Storage, Inc. 635 23,603
Stag Industrial, Inc. 676 6,895
Starwood Property Trust, Inc. 1,615 27,713
Strategic Hotels & Resorts, Inc. (I) 4,740 20,429
Sun Communities, Inc. (L) 678 23,859

 

395

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
Sunstone Hotel Investors, Inc. (I) 2,506 $ 14,259
Tanger Factory Outlet Centers, Inc. 2,046 53,216
Taubman Centers, Inc. (L) 1,405 70,686
Terreno Realty Corp. 423 5,427
The Macerich Company (L) 3,030 129,169
UDR, Inc. 4,336 95,999
UMH Properties, Inc. 878 7,981
Universal Health Realty Income Trust 329 11,058
Urstadt Biddle Properties, Inc., Class A 678 10,828
Ventas, Inc. (L) 6,537 322,928
Vornado Realty Trust (L) 4,398 328,179
Washington Real Estate Investment Trust (L) 1,560 43,961
Weingarten Realty Investors (L) 3,137 66,410
Weyerhaeuser Company 12,815 199,273
Whitestone REIT, Class B 781 8,700
Winthrop Realty Trust 587 5,101
 
    9,071,914
Real Estate Management & Development - 0.15%    
Altisource Portfolio Solutions SA (I) 432 15,288
American Spectrum Realty, Inc. (I) 265 3,474
Avatar Holdings, Inc. (I) 319 2,609
Brookfield Properties Corp. 11,828 162,872
CB Richard Ellis Group, Inc., Class A 7,677 103,332
Consolidated-Tomoka Land Company 186 4,884
Forest City Enterprises, Inc., Class A (I) 4,002 42,661
Forestar Group, Inc. (I) 1,004 10,954
Jones Lang LaSalle, Inc. 1,021 52,898
Tejon Ranch Company (I) 488 11,649
The Howard Hughes Corp. (I) 827 34,817
The St. Joe Company (I)(L) 2,200 32,978
 
    478,416
Thrifts & Mortgage Finance - 0.29%    
Abington Bancorp, Inc. 858 6,178
Astoria Financial Corp. (L) 2,602 20,009
Bank Mutual Corp. 1,674 4,369
BankFinancial Corp. 809 5,372
BankUnited, Inc. 1,388 28,815
Beacon Federal Bancorp, Inc. 530 7,070
Beneficial Mutual Bancorp, Inc. (I) 2,344 17,463
Berkshire Hill Bancorp, Inc. 632 11,673
Brookline Bancorp, Inc. 1,756 13,539
Capitol Federal Financial, Inc. 4,333 45,756
Charter Financial Corp. 857 8,039
Chicopee Bancorp, Inc. (I) 352 4,699
Clifton Savings Bancorp, Inc. 885 8,107
Dime Community Bancshares 1,101 11,153
Doral Financial Corp. (I) 3,913 4,265
ESB Financial Corp. 623 6,828
ESSA Bancorp, Inc. 561 5,896
Federal Agricultural Mortgage Corp., Class C 198 3,768
Federal Home Loan Mortgage Corp. (I) 17,838 4,263
Federal National Mortgage Association (I) 30,524 7,326
First Defiance Financial Corp. (I) 319 4,275
First Financial Northwest, Inc. (I) 799 4,490
First Niagara Financial Group, Inc. 5,789 52,969
First PacTrust Bancorp, Inc. 371 4,203
Flagstar Bancorp, Inc. (I) 9,596 4,701
Flushing Financial Corp. 852 9,202
Fox Chase Bancorp, Inc. 623 7,900
Home Federal Bancorp, Inc. 715 5,591
Hudson City Bancorp, Inc. (L) 12,887 72,940
Kaiser Federal Financial Group, Inc. 513 6,053
Kearny Financial Corp. (L) 2,002 17,698

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Thrifts & Mortgage Finance (continued)    
Meridian Interstate Bancorp, Inc. (I) 801 $ 8,739
MGIC Investment Corp. (I) 4,683 8,757
New York Community Bancorp, Inc. (L) 9,181 109,254
Northwest Bancshares, Inc. 2,908 34,634
OceanFirst Financial Corp. 500 5,835
Ocwen Financial Corp. (I)(L) 2,439 32,219
Oritani Financial Corp. 1,620 20,833
People’s United Financial, Inc. 9,340 106,476
Provident Financial Services, Inc. 1,700 18,275
Provident New York Bancorp 1,233 7,176
Pulaski Financial Corp. (L) 585 3,855
Radian Group, Inc. 2,897 6,344
Rockville Financial, Inc. 1,032 9,783
Roma Financial Corp. 1,028 8,378
TFS Financial Corp. (I) 7,569 61,536
TrustCo Bank Corp. 2,241 9,995
United Financial Bancorp, Inc. 563 7,707
Viewpoint Financial Group 1,158 13,259
Walker & Dunlop, Inc. (I) 293 3,405
Washington Federal, Inc. 2,350 29,939
Waterstone Financial, Inc. (I) 1,337 3,717
Westfield Financial, Inc. 1,057 6,966
WSFS Financial Corp. 229 7,230
 
    938,922
    48,604,569
Health Care - 11.14%    
Biotechnology - 1.62%    
Acadia Pharmaceuticals, Inc. (I) 2,664 2,877
Achillion Pharmaceuticals, Inc. (I)(L) 1,525 7,198
Acorda Therapeutics, Inc. (I) 997 19,900
Affymax, Inc. (I) 914 4,095
Alexion Pharmaceuticals, Inc. (I) 4,323 276,931
Alkermes PLC (I) 2,356 35,953
Allos Therapeutics, Inc. (I) 2,833 5,213
Alnylam Pharmaceuticals, Inc. (I)(L) 1,229 8,075
AMAG Pharmaceuticals, Inc. (I) 504 7,439
Amgen, Inc. 21,815 1,198,734
Amicus Therapeutics, Inc. (I) 825 3,168
Amylin Pharmaceuticals, Inc. (I) 3,656 33,745
Anacor Pharmaceuticals, Inc. (I) 751 4,281
Anthera Pharmaceuticals, Inc. (I) 971 4,632
Ardea Biosciences, Inc. (I)(L) 553 8,638
Arena Pharmaceuticals, Inc. (I) 3,841 5,569
Ariad Pharmaceuticals, Inc. (I)(L) 3,103 27,275
Arqule, Inc. (I) 1,434 7,242
Array BioPharma, Inc. (I) 2,373 4,651
Astex Pharmaceuticals (I) 2,106 4,044
AVEO Pharmaceuticals, Inc. (I) 937 14,420
AVI BioPharma, Inc. (I) 4,954 5,548
Biogen Idec, Inc. (I) 5,671 528,254
BioMarin Pharmaceutical, Inc. (I)(L) 2,614 83,308
Biosante Pharmaceuticals, Inc. (I)(L) 2,695 6,145
BioSpecifics Technologies Corp. (I) 213 3,438
Biotime, Inc. (I) 1,251 5,517
Celgene Corp. (I) 10,927 676,600
Cell Therapeutics, Inc. (I)(L) 4,123 4,370
Cephalon, Inc. (I) 1,803 145,502
Cepheid, Inc. (I)(L) 1,496 58,090
Chelsea Therapeutics International, Inc. (I) 1,686 6,154
Cleveland Biolabs, Inc. (I)(L) 1,567 3,980
Codexis, Inc. (I) 682 3,117
Cubist Pharmaceuticals, Inc. (I)(L) 1,446 51,073
Curis, Inc. (I) 2,473 7,815

 

396

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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) 1,530 $ 4,514
Dendreon Corp. (I)(L) 3,465 31,185
Dyax Corp. (I) 2,894 3,646
Dynavax Technologies Corp. (I) 2,836 5,275
Emergent Biosolutions, Inc. (I) 908 14,010
Enzon Pharmaceuticals, Inc. (I)(L) 1,438 10,124
Exact Sciences Corp. (I) 1,122 7,439
Exelixis, Inc. (I) 3,045 16,626
Genomic Health, Inc. (I) 767 16,859
Geron Corp. (I) 2,658 5,635
Gilead Sciences, Inc. (I) 18,499 717,761
GTx, Inc. (I) 1,712 5,735
Halozyme Therapeutics, Inc. (I) 2,595 15,933
Human Genome Sciences, Inc. (I) 4,412 55,988
Idenix Pharmaceuticals, Inc. (I) 2,035 10,155
Idera Pharmaceuticals, Inc. (I) 1,889 2,248
Immunogen, Inc. (I) 1,680 18,413
Immunomedics, Inc. (I) 2,223 7,114
Incyte Corp. (I)(L) 2,839 39,661
Infinity Pharmaceuticals, Inc. (I)(L) 819 5,774
Inhibitex, Inc. (I) 1,700 4,182
InterMune, Inc. (I) 1,340 27,068
Ironwood Pharmaceuticals, Inc. (I) 2,363 25,520
Isis Pharmaceuticals, Inc. (I) 2,684 18,198
Keryx Biopharmaceuticals Inc. (I) 1,712 5,136
Lexicon Pharmaceuticals, Inc. (I)(L) 7,660 7,046
Ligand Pharmaceuticals, Inc., Class B (I) 565 7,729
Mannkind Corp. (I)(L) 3,187 12,079
Maxygen, Inc. 1,093 5,979
Medivation, Inc. (I) 930 15,791
Metabolix, Inc. (I) 824 3,609
Micromet, Inc. (I)(L) 2,099 10,075
Momenta Pharmaceuticals, Inc. (I)(L) 1,128 12,972
Myriad Genetics, Inc. (I)(L) 2,079 38,960
Myriad Pharmaceuticals, Inc. (I) 1,464 4,011
Nabi Biopharmaceuticals (I) 2,224 3,736
Neurocrine Biosciences, Inc. (I) 1,654 9,891
Novavax, Inc. (I) 2,891 4,655
NPS Pharmaceuticals, Inc. (I) 1,738 11,314
OncoGenex Pharmaceutical, Inc. (I) 331 3,244
Onyx Pharmaceuticals, Inc. (I) 1,554 46,636
Opko Health, Inc. (I)(L) 7,133 30,886
Osiris Therapeutics, Inc. (I) 998 5,110
PDL BioPharma, Inc. (L) 3,179 17,643
Pharmacyclics, Inc. (I) 1,318 15,592
Pharmasset, Inc. (I) 1,706 140,523
PharmAthene, Inc. (I)(L) 2,050 3,608
Progenics Pharmaceuticals, Inc. (I) 1,017 5,838
Protalix BioTherapeutics, Inc. (I) 1,952 8,979
Regeneron Pharmaceuticals, Inc. (I)(L) 2,091 121,696
Rigel Pharmaceuticals, Inc. (I) 1,559 11,474
Sangamo Biosciences, Inc. (I)(L) 1,339 5,825
Savient Pharmaceuticals, Inc. (I)(L) 1,834 7,519
SciClone Pharmaceuticals, Inc. (I)(L) 1,679 6,397
Seattle Genetics, Inc. (I)(L) 2,734 52,110
SIGA Technologies, Inc. (I)(L) 1,202 3,931
Spectrum Pharmaceuticals, Inc. (I) 1,314 10,026
Synta Pharmaceuticals Corp. (I)(L) 1,470 4,778
Targacept, Inc. (I) 722 10,830
Theravance, Inc. (I) 1,898 38,226
Trius Therapeutics, Inc. (I) 804 5,065
Unigene Laboratories, Inc. (I) 3,859 3,859
United Therapeutics Corp. (I) 1,387 51,999
Vanda Pharmaceuticals, Inc. (I)(L) 813 4,024
Vertex Pharmaceuticals, Inc. (I) 4,855 216,242

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Biotechnology (continued)    
Vical, Inc. (I) 1,786 $ 4,429
Zalicus Inc. 2,383 2,337
ZIOPHARM Oncology, Inc. (I) 1,643 7,246
 
    5,341,109
Health Care Equipment & Supplies - 1.78%    
Abaxis, Inc. (I) 615 14,090
ABIOMED, Inc. (I)(L) 1,026 11,317
Accuray, Inc. (I)(L) 2,006 8,064
Alere, Inc. (I) 2,102 41,304
Align Technology, Inc. (I)(L) 1,797 27,260
Alimera Sciences, Inc. (I) 713 5,704
Alphatec Holdings, Inc. (I)(L) 2,105 4,442
Analogic Corp. 329 14,940
AngioDynamics, Inc. (I) 717 9,421
Antares Pharma, Inc. (I) 2,166 5,025
Arthrocare Corp. (I) 479 13,781
Atrion Corp. 57 11,821
Baxter International, Inc. 13,378 751,041
Becton, Dickinson & Company 5,108 374,519
Boston Scientific Corp. (I) 36,107 213,392
C.R. Bard, Inc. 2,002 175,255
Cantel Medical Corp. 465 9,821
Cardiovascular Systems, Inc. (I) 285 3,246
CareFusion Corp. (I) 4,761 114,026
Conceptus, Inc. (I) 896 9,381
CONMED Corp. (I) 730 16,797
CryoLife, Inc. (I) 961 4,315
Cutera, Inc. (I) 517 3,681
Cyberonics, Inc. (I) 734 20,772
Cynosure, Inc. (I) 439 4,430
Delcath Systems, Inc. (I)(L) 1,249 4,172
DENTSPLY International, Inc. (L) 3,300 101,277
DexCom, Inc. (I)(L) 1,366 16,392
Edwards Lifesciences Corp. (I) 2,693 191,957
Endologix, Inc. (I)(L) 1,555 15,612
Exactech, Inc. (I) 452 6,364
Gen-Probe, Inc. (I) 1,139 65,208
Greatbatch, Inc. (I) 627 12,546
Haemonetics Corp. (I) 605 35,380
Hansen Medical, Inc. (I) 1,736 5,764
HeartWare International, Inc. (I) 269 17,326
Hill-Rom Holdings, Inc. 1,507 45,240
Hologic, Inc. (I) 6,239 94,895
ICU Medical, Inc. (I) 360 13,248
IDEXX Laboratories, Inc. (I)(L) 1,352 93,247
Insulet Corp. (I) 982 14,985
Integra LifeSciences Holdings Corp. (I) 709 25,361
Intuitive Surgical, Inc. (I) 926 337,323
Invacare Corp. 804 18,524
IRIS International, Inc. (I) 571 5,122
Kensey Nash Corp. (I) 316 7,742
Kinetic Concepts, Inc. (I)(L) 1,720 113,331
MAKO Surgical Corp. (I) 909 31,106
Masimo Corp. (L) 1,467 31,761
Medical Action Industries, Inc. (I) 647 3,267
Medtronic, Inc. 25,124 835,122
Meridian Bioscience, Inc. (L) 1,093 17,204
Merit Medical Systems, Inc. (I) 1,003 13,179
Natus Medical, Inc. (I) 845 8,036
Neogen Corp. (I) 617 21,422
Neoprobe Corp. (I)(L) 1,989 5,887
NuVasive, Inc. (I) 995 16,985
NxStage Medical, Inc. (I)(L) 1,350 28,161
OraSure Technologies, Inc. (I) 1,410 11,224

 

397

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
Orthofix International NV (I) 450 $ 15,530
Palomar Medical Technologies, Inc. (I) 656 5,169
Quidel Corp. (I)(L) 909 14,880
ResMed, Inc. (I)(L) 3,604 103,759
Rochester Medical Corp. (I) 426 3,246
Rockwell Medical Technologies, Inc. (I) 594 4,847
RTI Biologics, Inc. (I) 2,040 6,712
Sirona Dental Systems, Inc. (I) 1,324 56,151
SonoSite, Inc. (I)(L) 422 12,803
Spectranetics Corp. (I) 1,255 8,961
St. Jude Medical, Inc. 7,723 279,495
STAAR Surgical Company (I) 1,221 9,524
STERIS Corp. 1,403 41,066
Stryker Corp. 9,109 429,307
SurModics, Inc. (I)(L) 553 5,032
Symmetry Medical, Inc. (I) 1,095 8,453
Synovis Life Technologies, Inc. (I) 378 6,313
Teleflex, Inc. (L) 962 51,727
The Cooper Companies, Inc. 1,093 86,511
Thoratec Corp. (I)(L) 1,365 44,554
TranS1, Inc. (I) 1,095 3,285
Utah Medical Products, Inc. 181 4,769
Varian Medical Systems, Inc. (I)(L) 2,750 143,440
Vascular Solutions, Inc. (I) 575 6,584
Volcano Corp. (I) 1,271 37,660
West Pharmaceutical Services, Inc. 811 30,088
Wright Medical Group, Inc. (I) 1,085 19,400
Young Innovations, Inc. 301 8,579
Zimmer Holdings, Inc. (I) 4,492 240,322
Zoll Medical Corp. (I) 540 20,380
 
    5,840,762
Health Care Providers & Services - 2.16%    
Accretive Health, Inc. (I)(L) 2,162 45,899
Aetna, Inc. 8,884 322,933
Air Methods Corp. (I) 310 19,738
Allied Healthcare International, Inc. (I) 1,722 6,612
Almost Family, Inc. (I) 242 4,024
Amedisys, Inc. (I) 738 10,937
American Dental Partners, Inc. (I) 606 5,854
AMERIGROUP Corp. (I)(L) 1,173 45,759
AmerisourceBergen Corp. 6,452 240,466
AMN Healthcare Services, Inc. (I) 1,002 4,018
Amsurg Corp. (I) 790 17,775
Assisted Living Concepts, Inc. 687 8,704
Bio-Reference Labs, Inc. (I)(L) 734 13,513
BioScrip, Inc. (I) 1,315 8,363
Brookdale Senior Living, Inc. (I) 2,906 36,441
Capital Senior Living Corp. (I) 918 5,664
Cardinal Health, Inc. 8,236 344,924
CardioNet, Inc. (I) 1,057 3,171
Catalyst Health Solutions, Inc. (I) 1,117 64,440
Centene Corp. (I) 1,186 34,003
Chemed Corp. 496 27,260
Chindex International, Inc. (I)(L) 513 4,520
CIGNA Corp. 6,335 265,690
Community Health Systems, Inc. (I)(L) 2,281 37,956
Continucare Corp. (I) 1,642 10,476
Corvel Corp. (I) 319 13,558
Coventry Health Care, Inc. (I) 3,493 100,633
Cross Country Healthcare, Inc. (I) 1,002 4,188
DaVita, Inc. (I) 2,220 139,127
Emeritus Corp. (I) 1,079 15,214
Examworks Group, Inc. (I) 662 6,739
Express Scripts, Inc. (I) 12,436 461,003

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Providers & Services (continued)    
Five Star Quality Care, Inc. (I) 1,369 $ 3,423
Gentiva Health Services, Inc. (I) 809 4,466
Hanger Orthopedic Group, Inc. (I) 841 15,886
HCA Holdings, Inc. (I) 12,274 247,444
Health Management    
Associates, Inc., Class A (I)(L) 6,080 42,074
Health Net, Inc. (I) 2,181 51,712
Healthsouth Corp. (I) 2,288 34,160
Healthspring, Inc. (I) 1,519 55,383
Healthways, Inc. (I) 968 9,515
Henry Schein, Inc. (I)(L) 2,158 133,818
HMS Holdings Corp. (I) 2,028 49,463
Humana, Inc. 3,946 286,993
IPC The Hospitalist Company, Inc. (I) 426 15,204
Kindred Healthcare, Inc. (I)(L) 1,247 10,749
Laboratory Corp. of America Holdings (I)(L) 2,334 184,503
Landauer, Inc. 260 12,880
LHC Group, Inc. (I)(L) 506 8,632
LifePoint Hospitals, Inc. (I)(L) 1,246 45,653
Lincare Holdings, Inc. 2,269 51,053
Magellan Health Services, Inc. (I) 759 36,660
McKesson Corp. 5,924 430,675
MedCath Corp. 613 8,508
Medco Health Solutions, Inc. (I) 9,388 440,203
Mednax, Inc. (I) 1,135 71,096
Medquist Holdings, Inc. (I) 981 7,416
Molina Healthcare, Inc. (I) 1,059 16,351
MWI Veterinary Supply, Inc. (I) 319 21,954
National Healthcare Corp. 367 11,854
National Research Corp. 209 6,926
Omnicare, Inc. 2,684 68,254
Owens & Minor, Inc. (L) 1,541 43,888
Patterson Companies, Inc. 2,913 83,399
PharMerica Corp. (I) 865 12,344
PSS World Medical, Inc. (I)(L) 1,353 26,641
Quest Diagnostics, Inc. 3,678 181,546
Select Medical Holdings Corp. (I) 3,115 20,777
Skilled Healthcare Group, Inc. (I)(L) 1,126 4,065
Sunrise Senior Living, Inc. (I) 1,485 6,876
Team Health Holdings, Inc. (I) 1,302 21,379
Tenet Healthcare Corp. (I)(L) 11,719 48,399
The Ensign Group, Inc. 547 12,641
The Providence Service Corp. (I) 427 4,548
Triple-S Management Corp., Class B (I) 744 12,462
UnitedHealth Group, Inc. 25,410 1,171,909
Universal American Corp. 1,908 19,194
Universal Health Services, Inc., Class B 2,315 78,710
US Physical Therapy, Inc. 410 7,593
Vanguard Health Systems Incvanguard    
Health Systems Inc (I) 1,306 13,269
VCA Antech, Inc. (I)(L) 2,095 33,478
WellCare Health Plans, Inc. (I) 1,019 38,702
WellPoint, Inc. (L) 8,601 561,473
 
    7,115,803
Health Care Technology - 0.18%    
Allscripts Healthcare Solutions, Inc. (I) 4,531 81,649
athenahealth, Inc. (I) 854 50,856
Cerner Corp. (I)(L) 3,961 271,408
Computer Programs & Systems, Inc. 275 18,191
Emdeon, Inc., Class A (I) 2,260 42,465
Epocrates, Inc. (I) 368 3,316
HealthStream, Inc. (I) 305 3,913
MedAssets, Inc. (I) 1,530 14,703
Medidata Solutions, Inc. (I) 654 10,752

 

398

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Technology (continued)    
MedQuist, Inc. (I) 1,006 $ 7,646
Merge Healthcare, Inc. (I) 1,992 12,131
Omnicell, Inc. (I) 909 12,526
Quality Systems, Inc. 691 67,027
Transcend Services, Inc. (I) 304 6,852
 
    603,435
Life Sciences Tools & Services - 0.55%    
Affymetrix, Inc. (I) 2,012 9,859
Agilent Technologies, Inc. (I) 8,121 253,781
Albany Molecular Research, Inc. (I) 1,104 3,113
Bio-Rad Laboratories, Inc., Class A (I) 662 60,090
Bruker Corp. (I) 3,989 53,971
Caliper Life Sciences, Inc. (I) 1,581 16,553
Cambrex Corp. (I) 1,159 5,841
Charles River    
Laboratories International, Inc. (I) 1,264 36,176
Complete Genomics, Inc. (I) 696 4,086
Covance, Inc. (I) 1,436 65,266
Enzo Biochem, Inc. (I) 1,398 3,593
eResearch Technology, Inc. (I) 1,589 7,087
Fluidigm Corpfluidigm Corp. (I) 369 5,140
Furiex Pharmaceuticals, Inc. (I) 267 3,799
Harvard Bioscience, Inc. (I) 1,224 5,165
Illumina, Inc. (I) 2,926 119,732
Life Technologies Corp. (I) 4,238 162,866
Luminex Corp. (I) 1,110 24,609
Medtox Scientific, Inc. 380 4,974
Mettler-Toledo International, Inc. (I)(L) 756 105,810
Pacific Biosciences of California, Inc. (I) 960 3,082
Parexel International Corp. (I) 1,470 27,827
PerkinElmer, Inc. 2,680 51,483
Pharmaceutical Product Development, Inc. 2,695 69,154
Sequenom, Inc. (I) 2,021 10,287
Techne Corp. 874 59,441
Thermo Fisher Scientific, Inc. (I) 8,996 455,557
Waters Corp. (I) 2,151 162,379
 
    1,790,721
Pharmaceuticals - 4.85%    
Abbott Laboratories 36,471 1,865,127
Acura Pharmaceuticals, Inc. (I)(L) 1,383 4,702
Aegerion Pharmaceuticals, Inc. (I) 465 5,892
Akorn, Inc. (I)(L) 2,572 20,087
Alexza Pharmaceuticals, Inc. (I)(L) 3,170 3,487
Allergan, Inc. 7,150 589,017
Auxilium Pharmaceuticals, Inc. (I) 1,190 17,838
AVANIR Pharmaceuticals, Class A (I) 2,804 8,019
Bristol-Myers Squibb Company (L) 40,075 1,257,554
Cadence Pharmaceuticals, Inc. (I)(L) 1,491 9,766
Columbia Laboratories, Inc. (I) 2,813 5,485
Corcept Therapeutics, Inc. (I) 2,007 6,222
Cornerstone Therapeutics, Inc. (I) 761 4,870
Cumberland Pharmaceuticals, Inc. (I) 891 4,990
Depomed, Inc. (I) 1,587 8,570
Durect Corp. (I) 2,824 4,547
Eli Lilly & Company 27,205 1,005,769
Endo Pharmaceuticals Holdings, Inc. (I) 2,772 77,588
Endocyte, Inc. (I) 763 8,088
Forest Laboratories, Inc. (I) 6,742 207,586
Forest Laboratories, Inc., CVR 686 652
Hi-Tech Pharmacal Company, Inc. (I) 349 11,726
Hospira, Inc. (I) 3,929 145,373
Impax Laboratories, Inc. (I) 1,339 23,981
Indevus Pharmaceuticals, Inc. 2,544 206

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Ista Pharmaceuticals, Inc. (I) 1,344 $ 4,637
Jazz Pharmaceuticals, Inc. (I) 952 39,527
Johnson & Johnson 64,296 4,096,298
K-V Pharmaceutical Company, Class A (I)(L) 2,026 2,735
MAP Pharmaceuticals, Inc. (I) 660 9,649
Medicis Pharmaceutical Corp., Class A (L) 1,476 53,844
Merck & Company, Inc. 72,522 2,372,195
Mylan, Inc. (I) 10,017 170,289
Nektar Therapeutics (I)(L) 2,587 12,547
Obagi Medical Products, Inc. (I) 707 6,412
Optimer Pharmaceuticals, Inc. (I) 929 12,857
Pacira Pharmaceuticals, Inc. (I) 407 4,042
Pain Therapeutics, Inc. (I) 1,407 6,697
Par Pharmaceutical Companies, Inc. (I) 903 24,038
Perrigo Company 2,187 212,380
Pfizer, Inc. 185,527 3,280,117
Questcor Pharmaceuticals, Inc. (I) 1,473 40,154
Sagent Pharmaceuticals, Inc. (I) 538 10,889
Salix Pharmaceuticals, Ltd. (I) 1,345 39,812
Santarus, Inc. (I) 2,040 5,692
Sucampo Pharmaceuticals, Inc. (I)(L) 1,371 5,114
The Medicines Company (I) 1,386 20,624
Viropharma, Inc. (I) 1,871 33,809
Vivus, Inc. (I) 2,111 17,036
Watson Pharmaceuticals, Inc. (I) 2,802 191,237
XenoPort, Inc. (I) 842 4,968
 
    15,974,741
    36,666,571
Industrials - 9.99%    
Aerospace & Defense - 2.27%    
AAR Corp. 1,006 16,770
Aerovironment, Inc. (I)(L) 570 16,046
Alliant Techsystems, Inc. 781 42,572
American Science & Engineering, Inc. 220 13,431
Astronics Corp. (I) 330 9,323
Astronics Corp., Class B (I) 36 992
BE Aerospace, Inc. (I) 2,467 81,682
Ceradyne, Inc. (I) 627 16,860
Cubic Corp. 656 25,630
Curtiss-Wright Corp. 1,137 32,780
DigitalGlobe, Inc. (I) 1,164 22,617
Ducommun, Inc. 335 5,018
Esterline Technologies Corp. (I) 729 37,791
GenCorp, Inc. (I)(L) 1,745 7,835
General Dynamics Corp. 8,720 496,081
GeoEye, Inc. (I) 544 15,422
Goodrich Corp. 2,919 352,265
HEICO Corp., Class A 1,018 34,266
Hexcel Corp. (I) 2,343 51,921
Honeywell International, Inc. 18,472 811,106
Huntington Ingalls Industries, Inc. (I) 1,174 28,563
ITT Corp. 4,311 181,062
Kratos Defense & Security Solutions, Inc. (I) 805 5,410
L-3 Communications Holdings, Inc. 2,474 153,314
LMI Aerospace, Inc. (I) 376 6,415
Lockheed Martin Corp. (L) 8,179 594,123
Moog, Inc., Class A (I) 1,069 34,871
National Presto Industries, Inc. (L) 167 14,514
Northrop Grumman Corp. 6,844 356,983
Orbital Sciences Corp., Class A (I) 1,479 18,931
Precision Castparts Corp. 3,369 523,745
Raytheon Company 8,315 339,834
Rockwell Collins, Inc. (L) 3,619 190,938

 

399

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)    
Spirit Aerosystems Holdings, Inc., Class A (I) 3,438 $ 54,836
Taser International, Inc. (I) 1,930 8,318
Teledyne Technologies, Inc. (I) 884 43,192
Textron, Inc. 6,590 116,248
The Boeing Company 17,335 1,048,941
The Keyw Holding Corp. (I) 377 2,680
TransDigm Group, Inc. (I) 1,172 95,717
Triumph Group, Inc. 996 48,545
United Technologies Corp. 21,442 1,508,659
 
    7,466,247
Air Freight & Logistics - 0.77%    
Air Transport Services Group, Inc. (I) 1,747 7,565
Atlas Air Worldwide Holdings, Inc. (I) 574 19,108
C.H. Robinson Worldwide, Inc. (L) 3,837 262,719
Expeditors International of Washington, Inc. 5,020 203,561
FedEx Corp. 7,405 501,170
Forward Air Corp. 789 20,080
HUB Group, Inc., Class A (I) 948 26,800
Pacer International, Inc. (I) 1,283 4,811
Park-Ohio Holdings Corp. (I) 386 4,636
United Parcel Service, Inc., Class B 23,136 1,461,038
UTI Worldwide, Inc. 2,522 32,887
 
    2,544,375
Airlines - 0.19%    
Alaska Air Group, Inc. (I) 828 46,608
Allegiant Travel Company (I)(L) 464 21,868
AMR Corp. (I)(L) 7,914 23,425
Delta Air Lines, Inc. (I) 19,839 148,793
Hawaiian Holdings, Inc. (I) 1,547 6,513
JetBlue Airways Corp. (I)(L) 7,248 29,717
Republic Airways Holdings, Inc. (I) 1,141 3,229
Skywest, Inc. 1,372 15,792
Southwest Airlines Company 18,651 149,954
Spirit Airlines, Inc. (I) 1,433 17,913
United Continental Holdings, Inc. (I) 7,706 149,342
US Airways Group, Inc. (I) 3,842 21,131
 
    634,285
Building Products - 0.12%    
AAON, Inc. 644 10,143
American Woodmark Corp. 444 5,377
Ameron International Corp. 231 19,621
AO Smith Corp. 1,103 35,329
Apogee Enterprises, Inc. 812 6,975
Armstrong World Industries, Inc. (L) 1,369 47,148
Builders FirstSource, Inc. (I) 2,162 2,746
Gibraltar Industries, Inc. (I) 910 7,389
Griffon Corp. (I) 1,661 13,587
Insteel Industries, Inc. 563 5,669
Lennox International, Inc. 1,275 32,870
Masco Corp. 8,599 61,225
NCI Building Systems, Inc. (I) 411 3,107
Owens Corning, Inc. (I) 2,927 63,457
Quanex Building Products Corp. 1,014 11,103
Simpson Manufacturing Company, Inc. (L) 1,208 30,115
Trex Company, Inc. (I) 450 7,214
Universal Forest Products, Inc. (L) 512 12,314
USG Corp. (I)(L) 2,613 17,585
 
    392,974
Commercial Services & Supplies - 0.68%    
ABM Industries, Inc. 1,288 24,549
ACCO Brands Corp. (I) 1,487 7,093
American Reprographics Company (I) 1,428 4,798

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Commercial Services & Supplies (continued)    
APAC Customer Services, Inc. (I) 1,370 $ 11,672
Avery Dennison Corp. 2,544 63,804
Cenveo, Inc. (I) 1,822 5,484
Cintas Corp. (L) 3,314 93,256
Clean Harbors, Inc. (I) 1,259 64,587
Consolidated Graphics, Inc. (I) 278 10,155
Copart, Inc. (I) 1,564 61,184
Corrections Corp. of America (I) 2,476 56,180
Covanta Holding Corp. (L) 3,520 53,469
Deluxe Corp. (L) 1,221 22,711
EnergySolutions, Inc. (I)(L) 2,503 8,836
EnerNOC, Inc. (I) 701 6,309
Ennis, Inc. 718 9,377
Fuel Tech, Inc. (I) 793 4,615
G&K Services, Inc., Class A 454 11,595
Healthcare Services Group, Inc. 1,512 24,404
Heritage-Crystal Clean, Inc. (I) 385 6,992
Herman Miller, Inc. 1,386 24,754
Higher One Holdings, Inc. (I) 1,202 19,557
HNI Corp. (L) 1,142 21,846
InnerWorkings, Inc. (I) 1,291 10,121
Interface, Inc., Class A 1,612 19,118
Intersections, Inc. 258 3,315
Iron Mountain, Inc. (L) 4,716 149,120
KAR Auction Services, Inc. (I) 2,888 34,974
Kimball International, Inc., Class B 1,220 5,929
Knoll, Inc. 1,200 16,440
M&F Worldwide Corp. (I)(L) 527 12,975
McGrath Rentcorp 612 14,559
Metalico, Inc. (I) 1,349 5,261
Mine Safety Appliances Company 929 25,046
Mobile Mini, Inc. (I)(L) 978 16,078
Multi-Color Corp. 400 9,036
Perma-Fix Environmental Services, Inc. (I) 2,931 3,517
Pitney Bowes, Inc. 4,796 90,165
R.R. Donnelley & Sons Company 4,945 69,823
Republic Services, Inc. 8,982 252,035
Rollins, Inc. 3,435 64,269
Schawk, Inc., Class A 698 6,889
Standard Parking Corp. (I) 512 8,008
Steelcase, Inc., Class A 3,275 20,665
Stericycle, Inc. (I)(L) 2,016 162,732
Sykes Enterprises, Inc. (I) 1,220 18,239
Team, Inc. (I) 513 10,763
Tetra Tech, Inc. (I) 1,553 29,103
The Brinks Company (L) 1,094 25,501
The Geo Group, Inc. (I)(L) 1,557 28,898
TMS International Corp. (I) 758 5,518
Unifirst Corp. 439 19,882
United Stationers, Inc. 1,119 30,493
US Ecology, Inc. 574 8,880
Viad Corp. 563 9,560
Waste Connections, Inc. 2,654 89,758
Waste Management, Inc. 11,131 362,425
 
    2,256,322
Construction & Engineering - 0.25%    
Aecom Technology Corp. (I) 2,821 49,847
Comfort Systems USA, Inc. 1,081 8,994
Dycom Industries, Inc. (I) 863 13,204
EMCOR Group, Inc. 1,616 32,853
Fluor Corp. 4,085 190,157
Furmanite Corp. (I) 1,201 6,497
Granite Construction, Inc. 975 18,301
Great Lakes Dredge & Dock Corp. 1,675 6,817

 

400

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Construction & Engineering (continued)    
Insituform Technologies, Inc., Class A (I)(L) 1,004 $ 11,626
Jacobs Engineering Group, Inc. (I) 2,973 95,998
KBR, Inc. 3,542 83,697
Layne Christensen Company (I) 532 12,289
MasTec, Inc. (I) 1,910 33,635
Michael Baker Corp. (I) 258 4,936
MYR Group, Inc. (I) 561 9,896
Northwest Pipe Company (I) 260 5,275
Orion Marine Group, Inc. (I) 763 4,403
Pike Electric Corp. (I) 949 6,425
Primoris Services Corp. 1,031 10,784
Quanta Services, Inc. (I)(L) 4,996 93,875
Sterling Construction Company, Inc. (I) 395 4,412
The Shaw Group, Inc. (I) 1,666 36,219
Tutor Perini Corp. 1,191 13,685
URS Corp. (I) 1,842 54,634
 
    808,459
Electrical Equipment - 0.57%    
A123 Systems, Inc. (I)(L) 3,038 10,451
Acuity Brands, Inc. (L) 1,021 36,797
American Superconductor Corp. (I) 1,242 4,881
AMETEK, Inc. 3,771 124,330
AZZ, Inc. 344 13,337
Belden, Inc. 1,149 29,633
Brady Corp., Class A 1,298 34,306
Broadwind Energy, Inc. (I) 4,811 1,540
Capstone Turbine Corp. (I) 5,829 5,829
Coleman Cable, Inc. (I) 354 2,995
Emerson Electric Company 17,630 728,295
Encore Wire Corp. 643 13,233
EnerSys (I) 1,222 24,464
Franklin Electric Company, Inc. 584 21,188
Fuelcell Energy, Inc. (I)(L) 4,534 3,808
General Cable Corp. (I)(L) 1,258 29,374
GrafTech International, Ltd. (I) 3,148 39,980
Hubbell, Inc., Class B 1,387 68,712
II-VI, Inc. (I) 1,532 26,810
Lighting Science Group Corp. (I)(L) 3,647 9,665
LSI Industries, Inc. 784 4,884
Polypore International, Inc. (I) 1,089 61,550
Powell Industries, Inc. (I) 321 9,941
Preformed Line Products Company 151 6,916
Regal-Beloit Corp. 897 40,706
Rockwell Automation, Inc. 3,392 189,952
Roper Industries, Inc. (L) 2,236 154,083
Satcon Technology Corp. (I)(L) 3,113 2,957
The Babcock & Wilcox Company (I) 2,792 54,584
Thermon Group Holdings, Inc. (I) 528 7,297
Thomas & Betts Corp. (I) 1,234 49,249
UQM Technologies, Inc. (I) 2,453 4,097
Valence Technology, Inc. (I)(L) 5,079 5,282
Vicor Corp. 1,178 10,308
Woodward, Inc. 1,665 45,621
 
    1,877,055
Industrial Conglomerates - 1.76%    
3M Company 16,651 1,195,375
Carlisle Companies, Inc. 1,464 46,672
Danaher Corp. 15,578 653,341
General Electric Company 248,940 3,793,846
Raven Industries, Inc. 454 21,883
Seaboard Corp. 29 52,258
Standex International Corp. 320 9,962
Tredegar Industries, Inc. 834 12,368

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Industrial Conglomerates (continued)    
United Capital Corp. (I) 289 $ 5,925
 
    5,791,630
Machinery - 1.91%    
3D Systems Corp. (I)(L) 1,165 16,298
Actuant Corp., Class A 1,647 32,528
AGCO Corp. (I) 2,234 77,229
Alamo Group, Inc. 343 7,131
Albany International Corp., Class A 756 13,797
Altra Holdings, Inc. (I) 749 8,666
American Railcar Industries, Inc. (I) 658 10,120
Ampco-Pittsburgh Corp. 317 6,483
Astec Industries, Inc. (I) 567 16,602
Badger Meter, Inc. 407 11,775
Barnes Group, Inc. 1,329 25,583
Blount International, Inc. (I) 1,228 16,406
Briggs & Stratton Corp. (L) 1,263 17,063
Cascade Corp. 185 6,177
Caterpillar, Inc. 15,128 1,117,052
Chart Industries, Inc. (I) 708 29,856
CIRCOR International, Inc. 453 13,305
CLARCOR, Inc. 1,194 49,408
Colfax Corp. (I)(L) 1,068 21,638
Columbus McKinnon Corp./NY (I) 576 6,313
Commercial Vehicle Group, Inc. (I) 881 5,788
Crane Company (L) 1,377 49,145
Cummins, Inc. 4,596 375,309
Deere & Company (L) 9,843 635,563
Donaldson Company, Inc. 1,789 98,037
Dover Corp. 4,361 203,223
Dynamic Materials Corp. 379 5,969
Eaton Corp. 8,005 284,178
Energy Recovery, Inc. (I) 1,697 5,108
EnPro Industries, Inc. (I)(L) 496 14,721
ESCO Technologies, Inc. 694 17,697
Federal Signal Corp. 1,496 6,612
Flow International Corp. (I) 1,534 3,390
Flowserve Corp. 1,315 97,310
Force Protection, Inc. (I) 1,916 7,377
FreightCar America, Inc. (I) 390 5,620
Gardner Denver, Inc. 1,224 77,785
Graco, Inc. (L) 1,453 49,605
Graham Corp. 337 5,608
Greenbrier Companies, Inc. (I) 617 7,188
Harsco Corp. 1,986 38,509
Hurco Companies, Inc. (I) 233 4,730
IDEX Corp. 1,962 61,136
Illinois Tool Works, Inc. 11,731 488,010
John Bean Technologies Corp. 744 10,609
Joy Global, Inc. 2,471 154,141
Kadant, Inc. (I) 355 6,305
Kaydon Corp. 801 22,973
Kennametal, Inc. (L) 1,921 62,894
LB Foster Co. 310 6,891
Lincoln Electric Holdings, Inc. 2,002 58,078
Lindsay Corp. (L) 317 17,055
Meritor, Inc. (I) 2,106 14,868
Met-Pro Corp. 567 4,865
Middleby Corp. (I) 454 31,989
Miller Industries, Inc. 407 7,061
Mueller Industries, Inc. 916 35,348
Mueller Water Products, Inc. 3,341 8,286
NACCO Industries, Inc., Class A 208 13,187
Navistar International Corp. (I) 1,717 55,150
Nordson Corp. (L) 1,635 64,975

 

401

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Omega Flex, Inc. (I) 343 $ 4,562
Oshkosh Corp. (I) 2,210 34,785
PACCAR, Inc. 8,609 291,156
Pall Corp. 2,725 115,540
Parker Hannifin Corp. 3,793 239,452
Pentair, Inc. (L) 2,304 73,751
PMFG, Inc. (I) 493 7,775
RBC Bearings, Inc. (I) 550 18,695
Robbins & Myers, Inc. 1,083 37,591
Sauer-Danfoss, Inc. (I) 1,156 33,408
Snap-On, Inc. (L) 1,370 60,828
SPX Corp. 1,216 55,097
Stanley Black & Decker, Inc. 3,758 184,518
Sun Hydraulics, Inc. 664 13,532
Tecumseh Products Company, Class A (I) 535 3,900
Tennant Company 492 17,402
Terex Corp. (I) 2,656 27,251
The Eastern Company (L) 226 4,125
The Gorman-Rupp Company 538 13,283
The Manitowoc Company, Inc. (L) 3,212 21,553
The Toro Company 725 35,721
Timken Company 2,314 75,945
Titan International, Inc. (L) 1,027 15,405
TriMas Corp. (I) 840 12,474
Trinity Industries, Inc. (L) 1,936 41,450
Twin Disc, Inc. 312 8,321
Valmont Industries, Inc. (L) 632 49,258
Wabash National Corp. (I) 1,473 7,026
WABCO Holdings, Inc. (I) 1,616 61,182
Wabtec Corp. 1,160 61,329
Watts Water Technologies, Inc., Class A (L) 783 20,867
Xerium Technologies, Inc. (I) 324 3,392
 
    6,276,297
Marine - 0.04%    
Alexander & Baldwin, Inc. 1,025 37,443
Eagle Bulk Shipping, Inc. (I)(L) 2,116 3,322
Excel Maritime Carriers, Ltd. (I)(L) 2,455 5,106
Genco Shipping & Trading, Ltd. (I)(L) 955 7,459
International Shipholding Corp. 238 4,401
Kirby Corp. (I) 1,321 69,537
Navios Maritime Partners LP 864 11,491
 
    138,759
Professional Services - 0.31%    
Acacia Research (I) 1,025 36,890
Barrett Business Services, Inc. 439 6,120
CBIZ, Inc. (I)(L) 1,526 10,056
CDI Corp. 598 6,387
CoStar Group, Inc. (I) 555 28,843
CRA International, Inc. (I) 287 5,743
Dun & Bradstreet Corp. 1,174 71,919
Equifax, Inc. 2,895 88,992
Exponent, Inc. (I) 363 15,003
FTI Consulting, Inc. (I) 1,003 36,920
GP Strategies Corp. (I) 578 5,774
Heidrick & Struggles International, Inc. 459 7,551
Hill International, Inc. (I) 1,314 6,150
Hudson Highland Group, Inc. (I) 1,154 3,947
Huron Consulting Group, Inc. (I) 570 17,744
ICF International, Inc. (I) 401 7,543
IHS, Inc., Class A (I)(L) 1,537 114,983
Insperity, Inc. 655 14,574
Kelly Services, Inc., Class A 880 10,032
Kforce, Inc. (I) 1,103 10,820

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Professional Services (continued)    
Korn/Ferry International (I) 1,149 $ 14,006
Manpower, Inc. 1,949 65,525
Mistras Group, Inc. (I) 344 6,041
Navigant Consulting Company (I) 1,351 12,524
Odyssey Marine Exploration, Inc. (I)(L) 2,330 5,732
On Assignment, Inc. (I) 1,009 7,134
Pendrell Corp. (I) 6,139 13,813
Resources Connection, Inc. 1,267 12,391
Robert Half International, Inc. (L) 3,448 73,167
RPX Corp. (I) 894 18,515
School Specialty, Inc. (I)(L) 600 4,278
The Advisory Board Company (I) 394 25,425
The Corporate Executive Board Company 857 25,539
The Dolan Company (I) 898 8,073
Towers Watson & Company, Class A 1,535 91,762
TrueBlue, Inc. (I) 1,099 12,452
Verisk Analytics, Inc., Class A (I) 3,121 108,517
Volt Information Sciences, Inc. (I) 725 4,858
VSE Corp. 167 4,322
 
    1,020,065
Road & Rail - 0.83%    
AMERCO, Inc. (I) 457 28,540
Arkansas Best Corp. 705 11,386
Avis Budget Group, Inc. (I)(L) 2,532 24,484
Celadon Group, Inc. 752 6,678
Con-way, Inc. 1,284 28,415
CSX Corp. 26,137 487,978
Dollar Thrifty Automotive Group, Inc. (I) 626 35,244
Genesee & Wyoming, Inc., Class A (I) 975 45,357
Heartland Express, Inc. 2,236 30,320
Hertz Global Holdings, Inc. (I) 9,778 87,024
J.B. Hunt Transport Services, Inc. 2,867 103,556
Kansas City Southern (I) 2,451 122,452
Knight Transportation, Inc. 2,093 27,858
Landstar System, Inc. 1,180 46,681
Marten Transport, Ltd. 604 10,413
Norfolk Southern Corp. 8,287 505,673
Old Dominion Freight Line, Inc. (I) 1,402 40,616
Patriot Transportation Holding, Inc. (I) 313 6,326
Quality Distribution, Inc. (I) 485 4,350
RailAmerica, Inc. (I) 913 11,896
Roadrunner Transportation Systems, Inc. (I) 388 5,323
Ryder Systems, Inc. 1,195 44,824
Saia, Inc. (I) 429 4,513
Swift Transporation Company (I) 2,813 18,116
Union Pacific Corp. 11,514 940,348
Universal Truckload Services, Inc. 488 6,344
USA Truck, Inc. (I) 383 2,972
Werner Enterprises, Inc. (L) 1,767 36,807
Zipcar, Inc. (I)(L) 795 14,310
 
    2,738,804
Trading Companies & Distributors - 0.28%    
Aceto Corp. 842 4,454
Air Lease Corp. (I) 2,065 39,648
Aircastle, Ltd. 1,874 17,840
Applied Industrial Technologies, Inc. 1,030 27,975
Beacon Roofing Supply, Inc. (I)(L) 1,131 18,085
CAI International, Inc. (I) 591 6,927
DXP Enterprises, Inc. (I) 385 7,250
Fastenal Company (L) 6,929 230,597
GATX Corp. 1,145 35,484
H&E Equipment Services, Inc. (I) 922 7,607
Houston Wire & Cable Company 560 6,434

 

402

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Trading Companies & Distributors (continued)    
Interline Brands, Inc. (I) 882 $ 11,351
Kaman Corp., Class A 670 18,660
Lawson Products, Inc. 358 4,840
MSC Industrial Direct Company, Inc., Class A 1,302 73,511
RSC Holdings, Inc. (I) 2,552 18,196
Rush Enterprises, Inc., Class A (I) 568 8,043
Seacube Container Leasing, Ltd. 293 3,554
TAL International Group, Inc. 812 20,251
Textainer Group Holdings, Ltd. 1,173 23,788
Titan Machinery, Inc. (I) 544 9,738
United Rentals, Inc. (I)(L) 1,518 25,563
W.W. Grainger, Inc. (L) 1,601 239,414
Watsco, Inc. (L) 724 36,996
WESCO International, Inc. (I)(L) 1,020 34,221
 
    930,427
Transportation Infrastructure - 0.01%    
Macquarie Infrastructure Company LLC 1,113 24,976
 
    32,900,675
Information Technology - 18.36%    
Communications Equipment - 1.82%    
Acme Packet, Inc. (I) 1,651 70,316
ADTRAN, Inc. 1,539 40,722
Anaren, Inc. (I) 432 8,273
Arris Group, Inc. (I) 2,987 30,766
Aruba Networks, Inc. (I)(L) 2,376 49,682
Aviat Networks, Inc. (I) 1,974 4,639
BigBand Networks, Inc. (I) 2,422 3,100
Black Box Corp. 458 9,778
Blue Coat Systems, Inc. (I)(L) 1,094 15,185
Brocade Communications Systems, Inc. (I) 11,151 48,172
Calix, Inc. (I) 904 7,051
Ciena Corp. (I)(L) 2,331 26,107
Cisco Systems, Inc. 129,106 1,999,852
Communications Systems, Inc. 404 5,252
Comtech Telecommunications Corp. (L) 714 20,056
DG FastChannel, Inc. (I)(L) 594 10,068
Dialogic, Inc. (I) 1,206 2,231
Digi International, Inc. (I) 713 7,843
EchoStar Corp., Class A (I) 2,062 46,622
Emcore Corp. (I)(L) 3,054 3,023
Emulex Corp. (I) 2,134 13,658
Extreme Networks, Inc. (I) 2,730 7,235
F5 Networks, Inc. (I) 1,908 135,563
Finisar Corp. (I) 2,033 35,659
Globecomm Systems, Inc. (I) 666 8,998
Harmonic, Inc. (I) 2,721 11,591
Harris Corp. (L) 2,996 102,373
Infinera Corp. (I)(L) 2,668 20,597
InterDigital, Inc. (L) 1,082 50,400
Ixia (I) 1,810 13,883
JDS Uniphase Corp. (I) 5,390 53,738
Juniper Networks, Inc. (I) 12,544 216,509
KVH Industries, Inc. (I) 612 4,841
Loral Space & Communications, Inc. (I) 486 24,349
Meru Networks, Inc. (I) 433 3,529
Motorola Mobility Holdings, Inc. (I) 6,965 263,138
Motorola Solutions, Inc. 7,956 333,356
MRV Communications, Inc. (I) 2,912 3,582
Netgear, Inc. (I) 889 23,016
Oclaro, Inc. (I) 1,172 4,266
Oplink Communications, Inc. (I) 579 8,766
OpNext, Inc. (I) 3,024 3,780
ORBCOMM, Inc. (I) 1,752 4,468

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Communications Equipment (continued)    
PC-Tel, Inc. (I) 820 $ 5,043
Plantronics, Inc. 1,150 32,718
Polycom, Inc. (I) 4,160 76,419
Powerwave Technologies, Inc. (I)(L) 4,563 7,848
QUALCOMM, Inc. 39,179 1,905,275
Riverbed Technology, Inc. (I) 3,564 71,137
ShoreTel, Inc. (I) 1,320 6,574
Sonus Networks, Inc. (I)(L) 7,104 15,416
Sycamore Networks, Inc. 773 13,953
Symmetricom, Inc. (I) 1,285 5,577
Tekelec, Inc. (I) 1,780 10,751
Tellabs, Inc. 8,690 37,280
UTStarcom Holdings Corp. (I) 5,030 5,131
Viasat, Inc. (I)(L) 874 29,113
 
    5,978,268
Computers & Peripherals - 3.67%    
ADPT Corp. 3,527 9,452
Apple, Inc. (I) 21,703 8,272,750
Avid Technology, Inc. (I)(L) 1,037 8,026
Cray, Inc. (I) 1,177 6,250
Dell, Inc. (I) 44,271 626,435
Diebold, Inc. 1,562 42,971
Electronics for Imaging, Inc. (I) 1,182 15,922
EMC Corp. (I) 48,271 1,013,208
Fusion-io, Inc. (I)(L) 1,703 32,357
Hewlett-Packard Company 50,756 1,139,472
Hutchinson Technology, Inc. (I)(L) 1,471 2,883
Imation Corp. (I) 1,154 8,436
Immersion Corp. (I) 966 5,777
Intermec, Inc. (I) 1,634 10,654
Intevac, Inc. (I)(L) 795 5,557
Lexmark International, Inc., Class A (I)(L) 1,863 50,357
NCR Corp. (I) 3,727 62,949
NetApp, Inc. (I) 8,518 289,101
Novatel Wireless, Inc. (I) 1,074 3,243
QLogic Corp. (I) 2,490 31,573
Quantum Corp. (I) 5,832 10,556
Rimage Corp. 348 4,402
SanDisk Corp. (I) 5,602 226,041
Silicon Graphics International Corp. (I) 836 9,965
STEC, Inc. (I)(L) 1,345 13,638
Stratasys, Inc. (I)(L) 543 10,067
Super Micro Computer, Inc. (I) 1,005 12,593
Synaptics, Inc. (I) 851 20,339
Western Digital Corp. (I) 5,466 140,586
 
    12,085,560
Electronic Equipment, Instruments & Components - 0.67%  
Aeroflex Holding Corp. (I) 1,829 16,644
Agilysys, Inc. (I) 733 5,226
Amphenol Corp., Class A 4,140 168,788
Anixter International, Inc. (I)(L) 828 39,280
Arrow Electronics, Inc. (I)(L) 2,731 75,867
Avnet, Inc. (I) 3,586 93,523
AVX Corp. 4,025 47,777
Benchmark Electronics, Inc. (I) 1,407 18,305
Brightpoint, Inc. (I) 1,768 16,283
Checkpoint Systems, Inc. (I) 1,010 13,716
Cognex Corp. 1,002 27,164
Coherent, Inc. (I) 614 26,377
Corning, Inc. 36,877 455,800
CTS Corp. 1,029 8,366
Daktronics, Inc. 1,219 10,459
DDi Corp. 832 6,024

 

403

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
Dolby Laboratories, Inc., Class A (I) 2,648 $ 72,661
DTS, Inc. (I)(L) 453 11,248
Echelon Corp. (I)(L) 1,218 8,538
Electro Rent Corp. 657 9,073
Electro Scientific Industries, Inc. (I) 747 8,882
FARO Technologies, Inc. (I) 424 13,377
FEI Company (I) 948 28,402
FLIR Systems, Inc. 3,801 95,215
Ingram Micro, Inc., Class A (I) 3,772 60,842
Insight Enterprises, Inc. (I) 1,152 17,441
IPG Photonics Corp. (I) 1,121 48,696
Itron, Inc. (I) 1,004 29,618
Jabil Circuit, Inc. 5,166 91,903
KEMET Corp. (I) 880 6,292
Littelfuse, Inc. 570 22,920
Maxwell Technologies, Inc. (I) 724 13,329
Measurement Specialties, Inc. (I) 401 10,410
Mercury Computer Systems, Inc. (I) 689 7,924
Methode Electronics, Inc. 1,076 7,995
Molex, Inc. (L) 4,191 85,371
MTS Systems Corp. 413 12,654
Multi-Fineline Electronix, Inc. (I) 648 12,921
National Instruments Corp. 2,850 65,151
Newport Corp. (I) 998 10,788
OSI Systems, Inc. (I) 477 15,989
Park Electrochemical Corp. 558 11,924
PC Connection, Inc. (I) 930 7,421
Plexus Corp. (I) 933 21,104
Power-One, Inc. (I) 2,494 11,223
Pulse Electronics Corp. (L) 1,379 3,944
RadiSys Corp. (I) 794 4,859
Rofin-Sinar Technologies, Inc. (I) 720 13,824
Rogers Corp. (I) 398 15,574
Sanmina-SCI Corp. (I) 2,020 13,494
Scansource, Inc. (I) 664 19,628
SYNNEX Corp. (I)(L) 897 23,501
Tech Data Corp. (I) 1,096 47,380
Trimble Navigation, Ltd. (I) 2,906 97,496
TTM Technologies, Inc. (I) 1,680 15,977
Universal Display Corp. (I) 1,033 49,522
Viasystems Group, Inc. (I) 361 6,350
Vishay Intertechnology, Inc. (I)(L) 3,944 32,972
Vishay Precision Group, Inc. (I) 343 4,521
X-Rite, Inc. (I)(L) 2,642 9,855
Zygo Corp. (I) 617 7,133
 
    2,214,941
Internet Software & Services - 1.98%    
Active Network, Inc./the (I) 974 14,367
Akamai Technologies, Inc. (I) 4,360 86,677
Ancestry.com, Inc. (I)(L) 956 22,466
AOL, Inc. (I)(L) 2,652 31,824
Bankrate, Inc. (I) 2,090 31,789
comScore, Inc. (I) 810 13,665
Constant Contact, Inc. (I) 789 13,642
Cornerstone Ondemand, Inc. (I) 939 11,775
DealerTrack Holdings, Inc. (I) 1,064 16,673
Demand Media, Inc. (I) 1,798 14,384
Dice Holdings, Inc. (I) 1,653 12,926
Digital River, Inc. (I) 977 20,253
Earthlink, Inc. 2,844 18,571
eBay, Inc. (I) 30,462 898,324
Envestnet, Inc. (I) 560 5,600
Equinix, Inc. (I) 1,026 91,140

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet Software & Services (continued)    
Google, Inc., Class A (I) 7,564 $ 3,890,770
IAC/InterActiveCorp (I) 2,073 81,987
InfoSpace, Inc. (I) 929 7,766
Internap Network Services Corp. (I) 1,567 7,710
IntraLinks Holdings, Inc. (I) 1,107 8,314
iPass, Inc. (I) 2,830 3,538
J2 Global Communications, Inc. (L) 1,102 29,644
Keynote Systems, Inc. 481 10,164
Limelight Networks, Inc. (I)(L) 2,442 5,763
LinkedIn Corp. Class A (I)(L) 2,225 173,728
Liquidity Services, Inc. (I) 719 23,058
LivePerson, Inc. (I) 1,346 13,393
LogMeIn, Inc. (I) 619 20,557
LoopNet, Inc. (I) 837 14,338
Marchex, Inc., Class B 1,045 8,883
Mediamind Technologies Inc. (I) 178 3,916
ModusLink Global Solutions, Inc. 1,518 5,298
Monster Worldwide, Inc. (I) 3,143 22,567
Move, Inc. (I) 4,633 6,718
NIC, Inc. 1,581 18,102
OpenTable, Inc. (I)(L) 569 26,180
Openwave Systems, Inc. (I) 3,456 5,391
Perficient, Inc. (I) 924 6,764
QuinStreet, Inc. (I) 986 10,205
Rackspace Hosting, Inc. (I) 3,066 104,673
RealNetworks, Inc. 977 8,236
RightNow Technologies, Inc. (I)(L) 843 27,861
Saba Software, Inc. (I) 1,002 5,772
Sciquest, Inc. (I) 352 5,259
Stamps.com, Inc. 516 10,547
Support.com, Inc. (I) 1,791 3,546
TechTarget, Inc. (I) 1,270 7,252
Travelzoo, Inc. (I)(L) 401 8,818
United Online, Inc. 2,301 12,034
ValueClick, Inc. (I)(L) 1,901 29,580
VeriSign, Inc. 4,021 115,041
Vocus, Inc. (I) 554 9,285
Web.com Group, Inc. (I) 828 5,779
WebMD Health Corp. (I) 1,334 40,220
XO Group, Inc. (I) 932 7,614
Yahoo!, Inc. (I) 30,645 403,288
Zix Corp. (I) 2,134 5,698
 
    6,519,333
IT Services - 3.39%    
Acxiom Corp. (I) 2,045 21,759
Alliance Data Systems Corp. (I)(L) 1,201 111,333
Automatic Data Processing, Inc. 11,685 550,948
Booz Allen Hamilton Holding Corp. (I) 2,816 41,874
Broadridge Financial Solutions, Inc. (L) 2,909 58,587
CACI International, Inc., Class A (I) 714 35,657
Cardtronics, Inc. (I) 1,085 24,868
Cass Information Systems, Inc. 265 8,228
Ciber, Inc. (I) 2,045 6,196
Cognizant Technology    
Solutions Corp., Class A (I) 7,155 448,619
Computer Sciences Corp. 3,654 98,110
Computer Task Group, Inc. (I) 612 6,836
Convergys Corp. (I)(L) 2,923 27,418
CoreLogic, Inc. (I) 2,489 26,558
CSG Systems International, Inc. (I) 891 11,262
DST Systems, Inc. 1,109 48,607
Dynamics Research Corp. (I) 457 4,076
Echo Global Logistics, Inc. (I) 443 5,892
Euronet Worldwide, Inc. (I) 1,309 20,604

 

404

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
IT Services (continued)    
ExlService Holdings, Inc. (I) 766 $ 16,852
Fidelity National Information Services, Inc. 7,209 175,323
Fiserv, Inc. (I) 3,355 170,333
FleetCor Technologies, Inc. (I) 1,674 43,959
Forrester Research, Inc. 566 18,401
Gartner, Inc. (I) 2,303 80,306
Genpact, Ltd. (I) 5,235 75,332
Global Cash Access Holdings, Inc. (I) 2,194 5,617
Global Payments, Inc. 1,924 77,710
Heartland Payment Systems, Inc. 960 18,931
iGate Corp. (L) 1,439 16,606
Innodata Isogen, Inc. (I) 1,516 4,472
International Business Machines Corp. 28,401 4,971,027
Jack Henry & Associates, Inc. 2,031 58,858
Lender Processing Services, Inc. 2,098 28,722
Lionbridge Technologies, Inc. (I) 2,209 5,434
ManTech International Corp., Class A (L) 586 18,389
MasterCard, Inc., Class A 2,835 899,149
Mattersight Corp. (I) 731 2,975
MAXIMUS, Inc. 833 29,072
MoneyGram International, Inc. (I) 9,066 21,124
NCI, Inc. (I) 381 4,545
NeuStar, Inc., Class A (I) 1,756 44,146
Online Resources Corp. (I) 1,282 3,269
Paychex, Inc. 8,494 223,987
PRGX Global, Inc. (I) 843 3,979
SAIC, Inc. (I) 8,257 97,515
Sapient Corp. 3,338 33,847
ServiceSource International, Inc. (I) 1,461 19,300
Syntel, Inc. 1,000 43,190
TeleTech Holdings, Inc. (I) 1,387 21,138
Teradata Corp. (I) 3,970 212,514
The Hackett Group, Inc. (I) 1,484 5,535
The Western Union Company 14,936 228,371
Tier Technologies, Inc., Class B (I) 901 3,325
TNS, Inc. (I) 705 13,254
Total Systems Services, Inc. (L) 4,548 76,998
Unisys Corp. (I) 1,059 16,616
VeriFone Systems, Inc. (I) 2,454 85,939
Virtusa Corp. (I) 729 9,623
Visa, Inc., Class A 19,506 1,672,054
Wright Express Corp. (I) 916 34,845
 
    11,150,014
Office Electronics - 0.08%    
Xerox Corp. 32,957 229,710
Zebra Technologies Corp., Class A (I) 1,285 39,758
 
    269,468
Semiconductors & Semiconductor Equipment - 2.43%  
Advanced Analogic Technologies, Inc. (I) 1,315 5,694
Advanced Energy Industries, Inc. (I) 1,197 10,318
Advanced Micro Devices, Inc. (I)(L) 16,345 83,033
Altera Corp. 7,440 234,583
Amkor Technology, Inc. (I) 4,789 20,880
Anadigics, Inc. (I) 2,127 4,594
Analog Devices, Inc. 7,028 219,625
Applied Materials, Inc. 30,992 320,767
Applied Micro Circuits Corp. (I) 1,885 10,122
Atmel Corp. (I) 10,844 87,511
ATMI, Inc. (I) 850 13,447
AXT, Inc. (I) 645 3,251
Broadcom Corp., Class A (I) 12,357 411,365
Brooks Automation, Inc. 1,693 13,798
Cabot Microelectronics Corp. (I) 584 20,084

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Semiconductors & Semiconductor Equipment (continued)  
Cavium Inc. (I) 1,157 $ 31,251
Ceva, Inc. (I)(L) 574 13,954
Cirrus Logic, Inc. (I)(L) 1,598 23,555
Cohu, Inc. 789 7,795
Cree, Inc. (I)(L) 2,486 64,586
CSR PLC, ADR (I) 207 2,761
Cymer, Inc. (I) 733 27,253
Cypress Semiconductor Corp. (I) 4,004 59,940
Diodes, Inc. (I)(L) 1,139 20,411
DSP Group, Inc. (I) 1,013 5,977
Entegris, Inc. (I) 3,313 21,137
Entropic Communications, Inc. (I) 2,234 9,226
Exar Corp. (I) 1,388 7,925
Fairchild Semiconductor International, Inc. (I) 3,070 33,156
First Solar, Inc. (I)(L) 2,032 128,443
FormFactor, Inc. (I)(L) 1,372 8,548
Freescale Semiconductor Holdings I, Ltd. (I) 5,245 57,852
GSI Technology, Inc. (I) 1,090 5,363
GT Advanced Technologies Inc. (I) 3,033 21,292
Hittite Microwave Corp. (I) 762 37,109
Inphi Corp. (I) 507 4,446
Integrated Device Technology, Inc. (I) 3,751 19,318
Integrated Silicon Solution, Inc. (I) 845 6,599
Intel Corp. 124,363 2,652,663
International Rectifier Corp. (I) 1,650 30,723
Intersil Corp., Class A 3,066 31,549
IXYS Corp. (I) 839 9,128
KLA-Tencor Corp. (L) 3,951 151,244
Kopin Corp. (I) 2,107 7,227
Kulicke & Soffa Industries, Inc. (I) 1,781 13,286
Lam Research Corp. (I) 2,927 111,167
Lattice Semiconductor Corp. (I) 2,974 15,614
Linear Technology Corp. (L) 5,361 148,232
LSI Corp. (I) 14,417 74,680
LTX-Credence Corp. (I) 1,415 7,485
Marvell Technology Group, Ltd. (I) 14,360 208,651
Maxim Integrated Products, Inc. 6,992 163,123
MEMC Electronic Materials, Inc. (I)(L) 5,631 29,506
Micrel, Inc. (L) 1,633 15,465
Microchip Technology, Inc. (L) 4,520 140,617
Micron Technology, Inc. (I) 22,928 115,557
Microsemi Corp. (I) 2,079 33,222
MIPS Technologies, Inc. (I)(L) 1,405 6,800
MKS Instruments, Inc. 1,286 27,919
Monolithic Power Systems, Inc. (I) 945 9,620
Nanometrics, Inc. (I) 623 9,034
Netlogic Microsystems, Inc. (I) 1,494 71,876
Novellus Systems, Inc. (I) 1,648 44,924
NVE Corp. (I) 141 8,553
NVIDIA Corp. (I) 14,041 175,513
Omnivision Technologies, Inc. (I) 1,398 19,628
ON Semiconductor Corp. (I) 10,601 76,009
Pericom Semiconductor Corp. (I) 876 6,491
Photronics, Inc. (I)(L) 1,479 7,365
PLX Technology, Inc. (I) 1,352 4,070
PMC-Sierra, Inc. (I) 5,789 34,618
Power Integrations, Inc. (L) 717 21,947
Rambus, Inc. (I) 2,670 37,380
RF Micro Devices, Inc. (I)(L) 6,722 42,617
Rubicon Technology, Inc. (I) 631 6,897
Rudolph Technologies, Inc. (I) 1,001 6,697
Semtech Corp. (I) 1,537 32,431
Sigma Designs, Inc. (I)(L) 779 6,107
Silicon Image, Inc. (I) 2,196 12,891
Silicon Laboratories, Inc. (I)(L) 1,088 36,459

 

405

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 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)  
Skyworks Solutions, Inc. (I) 4,403 $ 78,990
Standard Microsystems Corp. (I) 628 12,183
SunPower Corp., Class A (I)(L) 2,105 17,029
Supertex, Inc. (I) 355 6,142
Teradyne, Inc. (I)(L) 4,456 49,061
Tessera Technologies, Inc. (I) 1,355 16,179
Texas Instruments, Inc. 27,219 725,386
TriQuint Semiconductor, Inc. (I) 4,009 20,125
Ultra Clean Holdings, Inc. (I) 887 3,805
Ultratech, Inc. (I) 647 11,096
Varian Semiconductor    
Equipment Associates, Inc. (I) 1,773 108,419
Veeco Instruments, Inc. (I) 883 21,545
Volterra Semiconductor Corp. (I) 666 12,807
Xilinx, Inc. (L) 6,241 171,253
 
    7,995,974
Software - 4.32%    
Accelrys, Inc. (I) 1,747 10,587
ACI Worldwide, Inc. (I) 825 22,721
Activision Blizzard, Inc. 27,116 322,680
Actuate Corp. (I) 1,416 7,816
Adobe Systems, Inc. (I) 11,880 287,140
Advent Software, Inc. (I)(L) 1,312 27,355
American Software, Inc., Class A 878 6,366
ANSYS, Inc. (I)(L) 2,189 107,349
Ariba, Inc. (I) 2,324 64,398
Aspen Technology, Inc. (I) 2,002 30,571
Autodesk, Inc. (I) 5,457 151,595
Blackbaud, Inc. 1,159 25,811
Blackboard, Inc. (I) 847 37,827
BMC Software, Inc. (I) 4,161 160,448
Bottomline Technologies, Inc. (I) 774 15,588
BroadSoft, Inc. (I) 568 17,239
CA, Inc. 11,866 230,319
Cadence Design Systems, Inc. (I) 6,524 60,282
Callidus Software, Inc. (I) 1,202 5,541
Citrix Systems, Inc. (I) 4,419 240,968
CommVault Systems, Inc. (I) 1,075 39,840
Compuware Corp. (I) 5,233 40,085
Concur Technologies, Inc. (I) 1,264 47,046
Deltek, Inc. (I) 1,856 11,155
DemandTec, Inc. (I) 843 5,513
Digimarc Corp. (I) 216 5,482
Ebix, Inc. (I)(L) 840 12,348
Electronic Arts, Inc. (I) 7,892 161,391
EPIQ Systems, Inc. (L) 981 12,292
ePlus, Inc. (I) 278 6,858
FactSet Research Systems, Inc. (L) 1,082 96,266
Fair Isaac Corp. 959 20,935
FalconStor Software, Inc. (I) 1,749 5,107
Fortinet, Inc. (I) 3,481 58,481
Glu Mobile Inc. (I) 1,164 2,456
Guidance Software, Inc. (I) 1,015 6,587
Informatica Corp. (I) 2,317 94,881
Interactive Intelligence Group (I) 490 13,304
Intuit, Inc. 7,131 338,295
JDA Software Group, Inc. (I) 1,064 24,940
Kenexa Corp. (I) 692 10,823
Magma Design Automation, Inc. (I)(L) 1,322 6,015
Manhattan Associates, Inc. (I) 543 17,962
Mentor Graphics Corp. (I) 2,655 25,541
MICROS Systems, Inc. (I) 1,921 84,351
Microsoft Corp. 197,871 4,925,009
MicroStrategy, Inc., Class A (I) 263 30,000

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
Mitek Systems Incmitek Systems Inc (I)(L) 507 $ 4,690
Monotype Imaging Holdings, Inc. (I) 1,022 12,397
Netscout Systems, Inc. (I) 1,130 12,905
NetSuite, Inc. (I) 1,593 43,027
Nuance Communications, Inc. (I)(L) 7,133 145,228
Opnet Technologies, Inc. 561 19,585
Oracle Corp. 118,780 3,413,737
Parametric Technology Corp. (I) 2,840 43,679
Pegasystems, Inc. 900 27,549
Progress Software Corp. (I) 1,513 26,553
PROS Holdings, Inc. (I) 740 9,539
Qad, Inc., Class A (I) 531 5,676
QLIK Technologies, Inc. (I) 1,737 37,623
Quest Software, Inc. (I) 2,162 34,333
RealD, Inc. (I) 1,176 10,996
RealPage, Inc. (I) 1,505 30,777
Red Hat, Inc. (I) 4,543 191,987
Renaissance Learning, Inc. (L) 866 14,531
Rosetta Stone, Inc. (I) 599 5,481
Rovi Corp. (I) 2,674 114,929
S1 Corp. (I) 1,470 13,480
Salesforce.com, Inc. (I) 3,150 359,982
Seachange International, Inc. (I)(L) 971 7,477
SolarWinds, Inc. (I) 1,782 39,240
Solera Holdings, Inc. 1,668 84,234
Sourcefire, Inc. (I)(L) 743 19,883
SRS Labs, Inc. (I) 598 4,282
SS&C Technologies Holdings, Inc. (I) 1,298 18,548
SuccessFactors, Inc. (I)(L) 1,753 40,301
Symantec Corp. (I) 17,709 288,657
Synchronoss Technologies, Inc. (I) 882 21,971
Synopsys, Inc. (I) 3,437 83,725
Take-Two Interactive Software, Inc. (I)(L) 2,177 27,691
Taleo Corp. (I) 866 22,274
TeleCommunication Systems, Inc. (I) 1,207 4,164
TeleNav, Inc. (I) 863 7,655
THQ, Inc. (I)(L) 2,341 4,050
TIBCO Software, Inc. (I) 3,914 87,634
TiVo, Inc. (I) 2,924 27,310
Tyler Technologies, Inc. (I)(L) 810 20,477
Ultimate Software Group, Inc. (I)(L) 652 30,461
VASCO Data Security International, Inc. (I) 1,062 5,427
Verint Systems, Inc. (I) 796 20,927
VirnetX Holding Corp. (I)(L) 1,232 18,468
VMware, Inc., Class A (I) 9,855 792,145
Wave Systems Corp. Class A (I)(L) 1,941 4,542
Websense, Inc. (I) 1,030 17,819
 
    14,213,610
    60,427,168
Materials - 3.80%    
Chemicals - 2.16%    
A. Schulman, Inc. 713 12,114
Air Products & Chemicals, Inc. 4,967 379,330
Airgas, Inc. 1,825 116,472
Albemarle Corp. 2,146 86,698
American Vanguard Corp. 755 8,426
Arch Chemicals, Inc. 660 30,967
Ashland, Inc. 1,868 82,454
Balchem Corp. 725 27,050
Cabot Corp. 1,568 38,855
Calgon Carbon Corp. (I) 1,429 20,821
Celanese Corp., Series A 3,663 119,157
CF Industries Holdings, Inc. 1,648 203,347

 

406

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Chemicals (continued)    
Chase Corp. 392 $ 4,214
Chemtura Corp. (I) 1,794 17,994
Cytec Industries, Inc. 1,170 41,114
E.I. du Pont de Nemours & Company 21,785 870,746
Eastman Chemical Company 1,659 113,691
Ecolab, Inc. (L) 5,437 265,815
Ferro Corp. (I) 1,695 10,424
Flotek Industries, Inc. (I) 1,053 4,918
FMC Corp. 1,675 115,843
Georgia Gulf Corp. (I) 736 10,179
H.B. Fuller Company 1,198 21,828
Hawkins, Inc. 305 9,711
Huntsman Corp. 5,713 55,245
Innophos Holdings, Inc. 533 21,251
International Flavors & Fragrances, Inc. 1,871 105,188
Intrepid Potash, Inc. (I)(L) 1,827 45,437
KMG Chemicals, Inc. 433 5,335
Koppers Holdings, Inc. 553 14,162
Kraton Performance Polymers, Inc. (I) 574 9,287
Kronos Worldwide, Inc. (L) 2,710 43,577
Landec Corp. (I) 863 4,591
LSB Industries, Inc. (I) 541 15,510
Minerals Technologies, Inc. 467 23,009
Monsanto Company 12,585 755,603
Nalco Holding Company 3,288 115,014
NewMarket Corp. (L) 329 49,965
NL Industries, Inc. 1,224 15,337
Olin Corp. 1,916 34,507
OM Group, Inc. (I)(L) 761 19,763
Omnova Solutions, Inc. (I) 1,304 4,668
PolyOne Corp. 2,276 24,376
PPG Industries, Inc. 3,710 262,149
Praxair, Inc. 7,124 665,952
Quaker Chemical Corp. 352 9,124
Rockwood Holdings, Inc. (I) 1,807 60,878
RPM International, Inc. 3,145 58,812
Senomyx, Inc. (I) 1,262 4,430
Sensient Technologies Corp. 1,225 39,874
Sigma-Aldrich Corp. (L) 2,862 176,843
Solutia, Inc. (I) 2,928 37,625
Spartech Corp. (I) 1,144 3,661
Stepan Company 253 16,997
STR Holdings, Inc. (I) 783 6,350
Terra Nitrogen Company LP 440 63,554
The Dow Chemical Company 27,620 620,345
The Mosaic Company 10,475 512,961
The Scotts Miracle-Gro Company, Class A (L) 1,513 67,480
The Sherwin-Williams Company 2,479 184,239
Valhi, Inc. 2,669 144,580
Valspar Corp. 2,251 70,254
W.R. Grace & Company (I) 1,746 58,142
Westlake Chemical Corp. (L) 1,572 53,888
Zep, Inc. 592 8,892
Zoltek Companies, Inc. (I) 1,069 6,874
 
    7,107,897
Construction Materials - 0.06%    
Eagle Materials, Inc. 1,105 18,398
Martin Marietta Materials, Inc. (L) 1,072 67,772
Texas Industries, Inc. (L) 700 22,218
United States Lime & Minerals, Inc. (I) 188 7,501
Vulcan Materials Company (L) 3,084 84,995
 
    200,884

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Containers & Packaging - 0.29%    
AEP Industries, Inc. (I) 210 $ 4,662
AptarGroup, Inc. 1,578 70,489
Ball Corp. 3,925 121,754
Bemis Company, Inc. (L) 2,458 72,044
Boise, Inc. 2,614 13,514
Crown Holdings, Inc. (I) 3,657 111,941
Graphic Packaging Holding Company (I) 9,089 31,357
Greif, Inc., Class A 1,126 48,294
Myers Industries, Inc. 999 10,140
Owens-Illinois, Inc. (I)(L) 3,932 59,452
Packaging Corp. of America 2,394 55,780
Rock-Tenn Company, Class A 1,481 72,095
Sealed Air Corp. 3,784 63,193
Silgan Holdings, Inc. 1,656 60,841
Sonoco Products Company 2,324 65,607
Temple-Inland, Inc. 2,531 79,397
 
    940,560
Metals & Mining - 1.12%    
A. M. Castle & Company (I) 676 7,395
AK Steel Holding Corp. (L) 2,774 18,142
Alcoa, Inc. 25,036 239,595
Allegheny Technologies, Inc. 2,513 92,956
Allied Nevada Gold Corp. (I) 2,164 77,493
AMCOL International Corp. (L) 806 19,336
Carpenter Technology Corp. 1,056 47,404
Century Aluminum Company (I)(L) 2,202 19,686
Cliffs Natural Resources, Inc. 3,195 163,488
Coeur d’Alene Mines Corp. (I) 2,046 43,866
Commercial Metals Company (L) 2,878 27,370
Compass Minerals International, Inc. 779 52,022
Freeport-McMoRan Copper & Gold, Inc. 22,274 678,243
General Moly, Inc. (I)(L) 2,672 7,749
Globe Specialty Metals, Inc. 1,837 26,673
Handy & Harman, Ltd. (I) 391 3,945
Haynes International, Inc. (L) 320 13,904
Hecla Mining Company (I)(L) 6,341 33,988
Horsehead Holding Corp. (I) 1,000 7,420
Kaiser Aluminum Corp. (L) 483 21,387
Materion Corp. (I) 519 11,771
Metals USA Holdings Corp. (I) 436 3,902
Molycorp, Inc. (I)(L) 1,919 63,078
Newmont Mining Corp. 11,604 729,892
Noranda Aluminum Holding Corp. (I) 1,235 10,312
Nucor Corp. 7,479 236,636
Olympic Steel, Inc. (L) 330 5,590
Paramount Gold and Silver Corp. (I)(L) 4,065 9,593
Reliance Steel & Aluminum Company 1,785 60,708
Royal Gold, Inc. (L) 1,113 71,299
RTI International Metals, Inc. (I)(L) 666 15,531
Schnitzer Steel Industries, Inc. 601 22,117
Solitario Exploration & Royalty Corp. (I) 2,030 3,492
Southern Copper Corp. 20,002 499,850
Steel Dynamics, Inc. 5,298 52,556
Stillwater Mining Company (I) 2,501 21,259
Titanium Metals Corp. (L) 4,309 64,549
United States Steel Corp. (L) 3,429 75,472
Universal Stainless & Alloy Products, Inc. (I) 212 5,389
US Gold Corp. (I) 3,165 12,692
Vista Gold Corp. (I)(L) 2,568 8,577
Walter Energy, Inc. 1,411 84,674
Worthington Industries, Inc. 1,804 25,202
 
    3,696,203

 

407

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Paper & Forest Products - 0.17%    
Buckeye Technologies, Inc. 956 $ 23,049
Clearwater Paper Corp. (I) 576 19,572
Deltic Timber Corp. 329 19,635
Domtar Corp. (L) 963 65,648
International Paper Company 10,280 239,010
KapStone Paper and Packaging Corp. (I) 943 13,098
Louisiana-Pacific Corp. (I)(L) 3,038 15,494
MeadWestvaco Corp. 3,992 98,044
Neenah Paper, Inc. 467 6,622
P.H. Glatfelter Company 1,200 15,852
Pope Resources LP 168 6,747
Schweitzer-Mauduit International, Inc. (L) 399 22,292
Verso Paper Corp. (I) 1,827 3,051
Wausau Paper Corp. 1,431 9,144
 
    557,258
    12,502,802
Telecommunication Services - 2.74%    
Diversified Telecommunication Services - 2.28%    
8x8, Inc. (I) 1,278 5,201
AboveNet, Inc. (L) 492 26,371
Alaska Communications    
Systems Group, Inc. (L) 1,419 9,309
AT&T, Inc. 138,857 3,960,202
Atlantic Tele-Network, Inc. (L) 401 13,185
Boingo Wireless Incboingo Wireless Inc (I) 634 4,533
Cbeyond, Inc. (I) 824 5,817
CenturyLink, Inc. 14,407 477,160
Cincinnati Bell, Inc. (I)(L) 5,106 15,778
Cogent Communications Group, Inc. (I) 1,163 15,642
Consolidated Communications Holdings, Inc. 921 16,624
Frontier Communications Corp. (L) 23,625 144,349
General Communication, Inc., Class A (I) 1,295 10,619
Global Crossing, Ltd. (I) 1,463 34,980
Globalstar, Inc. (I) 6,027 2,465
HickoryTech Corp. 614 5,907
IDT Corp., Class B 427 8,711
Level 3 Communications, Inc. 40,717 60,668
Neutral Tandem, Inc. (I) 876 8,480
PAETEC Holding Corp. (I) 3,694 19,541
Premiere Global Services, Inc. (I) 1,467 9,418
SureWest Communications 466 4,879
Towerstream Corp. (I) 1,087 2,783
TW Telecom, Inc. (I)(L) 3,587 59,257
Verizon Communications, Inc. 66,308 2,440,134
Vonage Holdings Corp. (I) 4,929 12,815
Windstream Corp. (L) 12,008 140,013
 
    7,514,841
Wireless Telecommunication Services - 0.46%    
American Tower Corp., Class A (I) 9,280 499,264
Clearwire Corp. (I)(L) 24,082 56,111
Crown Castle International Corp. (I) 6,873 279,525
Leap Wireless International, Inc. (I) 2,036 14,048
MetroPCS Communications, Inc. (I) 8,442 73,530
NII Holdings, Inc. (I) 4,011 108,096
NTELOS Holdings Corp. 1,111 19,698
SBA Communications Corp., Class A (I)(L) 2,734 94,268
Shenandoah Telecommunications Company 652 7,263
Sprint Nextel Corp. (I)(L) 70,671 214,840
Telephone & Data Systems, Inc. (L) 2,226 47,303
United States Cellular Corp. (I)(L) 1,865 73,947

 

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Wireless Telecommunication Services (continued)    
USA Mobility, Inc. 574 $ 7,577
 
    1,495,470
    9,010,311
Utilities - 3.76%    
Electric Utilities - 1.84%    
Allete, Inc. 938 34,359
American Electric Power Company, Inc. 11,298 429,550
Brookfield Infrastructure Partners LP (L) 2,338 56,907
Central Vermont Public Service Corp. 381 13,415
Cleco Corp. 1,470 50,186
DPL, Inc. 2,730 82,282
Duke Energy Corp. (L) 31,213 623,948
Edison International 7,632 291,924
El Paso Electric Company 1,073 34,433
Entergy Corp. 4,169 276,363
Exelon Corp. (L) 15,543 662,287
FirstEnergy Corp. 9,831 441,510
Great Plains Energy, Inc. 3,403 65,678
Hawaiian Electric Industries, Inc. (L) 2,377 57,714
IDACORP, Inc. (L) 1,180 44,580
ITC Holdings Corp. 1,238 95,858
MGE Energy, Inc. 639 25,988
Nextera Energy, Inc. 9,885 533,988
Northeast Utilities 4,141 139,345
NV Energy, Inc. 5,718 84,112
Otter Tail Corp. 1,004 18,373
Pepco Holdings, Inc. 5,463 103,360
Pinnacle West Capital Corp. 2,539 109,025
PNM Resources, Inc. 2,156 35,423
Portland General Electric Company 1,910 45,248
PPL Corp. 12,315 351,470
Progress Energy, Inc. 6,891 356,403
Southern Company 19,887 842,612
The Empire District Electric Company 1,053 20,407
UIL Holdings Corp. (L) 862 28,386
Unisource Energy Corp. 944 34,069
Unitil Corp. 386 9,912
Westar Energy, Inc. (L) 2,748 72,602
 
    6,071,717
Gas Utilities - 0.31%    
AGL Resources, Inc. (L) 1,733 70,602
AmeriGas Partners LP 1,322 58,155
Atmos Energy Corp. 2,009 65,192
Chesapeake Utilities Corp. 243 9,747
Delta Natural Gas Company, Inc. 276 8,446
Ferrellgas Partners LP 1,713 34,003
National Fuel Gas Company 1,970 95,900
New Jersey Resources Corp. 903 38,441
Nicor, Inc. 985 54,185
Northwest Natural Gas Company (L) 595 26,240
ONEOK, Inc. 2,566 169,459
Piedmont Natural Gas Company, Inc. 1,606 46,397
Questar Corp. 4,284 75,870
RGC Resources, Inc. 446 8,474
South Jersey Industries, Inc. 691 34,377
Southwest Gas Corp. 1,053 38,087
Star Gas Partners LP 2,867 14,048
Suburban Propane Partners LP 808 37,499
The Laclede Group, Inc. 584 22,630
UGI Corp. 2,534 66,568
WGL Holdings, Inc. 1,151 44,970
 
    1,019,290

 

408

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Total Stock Market Index Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Independent Power Producers & Energy Traders - 0.22%  
Calpine Corp. (I) 10,647 $ 149,910
Constellation Energy Group, Inc. 4,718 179,567
Dynegy, Inc. (I)(L) 3,598 14,824
GenOn Energy, Inc. (I) 19,323 53,718
NRG Energy, Inc. (I) 5,759 122,148
Ormat Technologies, Inc. (L) 1,210 19,457
The AES Corp. (I) 18,063 176,295
 
    715,919
Multi-Utilities - 1.30%    
Alliant Energy Corp. 2,630 101,728
Ameren Corp. 5,692 169,451
Avista Corp. 1,490 35,537
Black Hills Corp. 1,042 31,927
CenterPoint Energy, Inc. 9,788 192,041
CH Energy Group, Inc. 419 21,859
CMS Energy Corp. 5,864 116,049
Consolidated Edison, Inc. (L) 6,823 389,047
Dominion Resources, Inc. 13,435 682,095
DTE Energy Company 3,930 192,649
Integrys Energy Group, Inc. 1,892 91,989
MDU Resources Group, Inc. 4,509 86,528
NiSource, Inc. (L) 6,460 138,115
NorthWestern Corp. 955 30,503
NSTAR 2,392 107,186
OGE Energy Corp. 2,339 111,781
PG&E Corp. 9,281 392,679
Public Service Enterprise Group, Inc. 11,845 395,268
SCANA Corp. 2,989 120,905
Sempra Energy 5,563 286,495
TECO Energy, Inc. (L) 5,103 87,414
Vectren Corp. (L) 1,933 52,346
Wisconsin Energy Corp. 5,420 169,592
Xcel Energy, Inc. 11,298 278,948
 
    4,282,132
Water Utilities - 0.09%    
American States Water Company 483 16,388
American Water Works Company, Inc. 4,070 122,833
Aqua America, Inc. (L) 3,195 68,916
Artesian Resources Corp. 556 9,736
Cadiz, Inc. (I) 655 5,181
California Water Service Group 1,098 19,446
Connecticut Water Service, Inc. (L) 376 9,408
Middlesex Water Company 568 9,696
Pennichuck Corp. 272 7,611
SJW Corp. 528 11,495
York Water Company 578 9,352
 
    290,062
    12,379,120
TOTAL COMMON STOCKS (Cost $313,814,602) $ 322,748,627
 
RIGHTS - 0.00%    
Blueknight Energy Partners (Expiration Date:    
10/31/2011, Strike Price: USD 6.50) (I) 618 0
Celgene Corp. (Expiration Date: 12/31/2030,    
Strike Price: USD 0.01) (I) 1,041 1,634
Fresenius Kabi Pharmaceuticals Holding, Inc.    
(Expiration Date: 06/30/2011) (I) 4,291 0
Sanofi (Expiration Date: 12/31/2020, Strike    
Price: EUR 2.00) (I) 6,678 7,079
TOTAL RIGHTS (Cost $25,528) $ 8,713

 

Total Stock Market Index Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
WARRANTS - 0.00%      
Krispy Kreme Doughnuts, Inc. (Expiration      
Date: 03/02/12; Strike Price: $12.21) (I)   50 15
TOTAL WARRANTS (Cost $0)   $ 15
 
CORPORATE BONDS - 0.00%      
Financials - 0.00%      
GAMCO Investors, Inc. Zero      
Coupon 12/31/2015 (I)(Z) $ 2,500 $ 1,698
TOTAL CORPORATE BONDS (Cost $1,995) $ 1,698
 
SECURITIES LENDING COLLATERAL - 9.22%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y)   3,031,061 30,326,371
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $30,327,525)   $ 30,326,371
 
SHORT-TERM INVESTMENTS - 1.74%    
Repurchase Agreement - 1.74%      
Repurchase Agreement with State Street Corp.    
dated 09/30/2011 at 0.010% to be      
repurchased at $5,736,005 on 10/03/2011,    
collateralized by $4,595,000 U.S. Treasury    
Bonds, 4.250% due 11/15/2040 (valued at    
$5,852,881 including interest) $ 5,736,000 $ 5,736,000
TOTAL SHORT-TERM INVESTMENTS (Cost $5,736,000) $ 5,736,000
Total Investments (Total Stock Market Index Trust)    
(Cost $349,905,650) - 109.01%   $ 358,821,424
Other assets and liabilities, net - (9.01%)     (29,660,031)
TOTAL NET ASSETS - 100.00%   $ 329,161,393
 
 
 
Ultra Short Term Bond Trust    
    Shares or  
    Principal  
    Amount Value
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS - 41.44%      
U.S. Government Agency - 41.44%      
Federal Farm Credit Bank      
1.050%, 11/10/2014 $ 2,500,000 $ 2,501,351
1.100%, 07/07/2014   2,500,000 2,500,195
1.180%, 02/17/2015   2,500,000 2,502,292
1.200%, 10/06/2014   1,000,000 1,000,087
Federal Home Loan Bank      
0.700%, 08/23/2013   2,500,000 2,500,978
1.000%, 05/08/2014   1,000,000 1,000,479
1.050%, 11/25/2013   5,200,000 5,205,642
2.000%, 04/07/2014   2,000,000 2,000,378
Federal Home Loan Mortgage Corp.      
1.150%, 10/07/2013   3,300,000 3,300,560
1.250%, 05/23/2014   2,000,000 2,002,468
1.500%, 01/28/2014   3,500,000 3,502,741
2.013%, 12/01/2035 (P)   408,663 423,138
2.197%, 06/01/2036 (P)   471,010 489,744
2.342%, 12/01/2035 (P)   945,590 990,255
2.393%, 11/01/2036 (P)   755,538 783,655
2.409%, 08/01/2035 (P)   884,005 926,523
2.433%, 02/01/2036 (P)   798,915 835,689
2.481%, 05/01/2034 (P)   964,727 1,008,996
2.524%, 05/01/2037 (P)   906,407 948,464
2.726%, 06/01/2035 (P)   872,957 922,048

 

409

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (continued)      
U.S. Government Agency (continued)      
Federal Home Loan Mortgage Corp. (continued)    
6.692%, 12/01/2036 (P) $ 206,167 $ 212,578
Federal National Mortgage Association      
1.000%, 04/25/2013 to 10/18/2013   4,000,000 4,001,765
1.625%, 11/09/2015   2,500,000 2,503,244
1.922%, 02/01/2035 (P)   956,221 1,000,889
1.933%, 10/01/2035 (P)   1,174,621 1,212,196
2.408%, 10/01/2038 (P)   1,182,951 1,229,056
2.431%, 05/01/2036 (P)   3,392,371 3,567,998
2.472%, 07/01/2035 (P)   874,305 919,934
2.583%, 05/01/2034 (P)   724,303 760,787
6.500%, 10/01/2037   257,610 284,740
Government National Mortgage Association      
2.500%, 08/20/2035 (P)   796,720 819,117
2.625%, 08/20/2032 (P)   804,084 828,564
 
      52,686,551
TOTAL U.S. GOVERNMENT & AGENCY      
OBLIGATIONS (Cost $52,086,644)   $ 52,686,551
 
CORPORATE BONDS - 33.68%      
Consumer Discretionary - 3.23%      
American Honda Finance Corp.      
0.539%, 08/28/2012 (P)(S)   500,000 499,858
4.625%, 04/02/2013 (S)   1,000,000 1,046,107
Comcast Cable Communications      
Holdings, Inc. 8.375%, 03/15/2013   1,000,000 1,098,802
Time Warner Cable, Inc. 5.400%, 07/02/2012 400,000 412,881
Whirlpool Corp. 5.500%, 03/01/2013   1,000,000 1,045,433
 
      4,103,081
Consumer Staples - 3.16%      
Anheuser-Busch InBev Worldwide, Inc.      
3.000%, 10/15/2012   500,000 510,417
Archer-Daniels-Midland Company      
0.446%, 08/13/2012 (P)   1,000,000 1,001,477
Cadbury Schweppes US Finance LLC      
5.125%, 10/01/2013 (S)   150,000 160,350
Cargill, Inc. 4.307%, 05/14/2021 (S)   265,000 287,745
Coca-Cola Bottling Company      
5.000%, 11/15/2012   500,000 521,482
Dr. Pepper Snapple Group, Inc.      
1.700%, 12/21/2011   500,000 500,918
HJ Heinz Finance Company      
6.000%, 03/15/2012   300,000 306,571
Kraft Foods, Inc. 6.250%, 06/01/2012   700,000 724,800
 
      4,013,760
Energy - 2.43%      
Energy Transfer Partners LP      
5.650%, 08/01/2012   1,000,000 1,030,770
Husky Energy, Inc. 6.250%, 06/15/2012   850,000 879,838
Kinder Morgan Energy Partners LP      
7.125%, 03/15/2012   400,000 410,261
NuStar Logistics LP 6.875%, 07/15/2012   400,000 412,909
Valero Energy Corp. 6.875%, 04/15/2012   350,000 360,498
 
      3,094,276
Financials - 16.00%      
American Express Bank FSB      
0.369%, 05/29/2012 (P)   700,000 697,823
American International Group, Inc.      
4.250%, 05/15/2013   1,000,000 997,682
Aon Corpaon Corp. 7.375%, 12/14/2012   1,000,000 1,072,223

 

Ultra Short Term Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
CORPORATE BONDS (continued)      
Financials (continued)      
Bank of America Corp.      
1.673%, 01/30/2014 (P) $ 500,000 $ 452,868
Bank One Corp. 5.900%, 11/15/2011   250,000 251,212
BB&T Corp. 4.750%, 10/01/2012   1,000,000 1,030,571
BNP Paribas / BNP Paribas US Medium-Term    
Note Program LLC 1.337%, 06/11/2012 (P) 500,000 499,085
Chubb Corp. 6.000%, 11/15/2011   250,000 251,442
Credit Suisse USA, Inc. 6.125%, 11/15/2011 905,000 909,337
Duke Realty LP 5.875%, 08/15/2012   746,000 765,403
ERAC USA Finance LLC      
2.750%, 07/01/2013 (S)   700,000 708,220
General Electric Capital Corp., Series A      
6.000%, 06/15/2012   500,000 518,532
HSBC Finance Corp.      
0.600%, 07/19/2012 (P)   500,000 495,533
7.000%, 05/15/2012   250,000 257,381
ING Bank NV 2.000%, 10/18/2013 (S)   700,000 682,245
Jefferies Group, Inc. 7.750%, 03/15/2012   1,000,000 1,024,283
JPMorgan Chase & Company      
5.250%, 11/02/2012   500,000 509,149
Merrill Lynch & Company, Inc.      
5.450%, 02/05/2013   750,000 743,327
Metropolitan Life Global Funding I      
5.125%, 11/09/2011 (S)   350,000 351,419
Morgan Stanley      
0.496%, 01/09/2012 (P)   250,000 248,927
2.786%, 05/14/2013 (P)   250,000 241,743
National Australia Bank Ltd.      
0.547%, 06/15/2012 (P)(S)   1,000,000 1,000,970
National City Bank      
0.426%, 03/01/2013 (P)   400,000 398,635
6.200%, 12/15/2011   250,000 252,189
Nationwide Financial Services, Inc.      
6.250%, 11/15/2011   700,000 702,388
North Fork Bancorporation Inc.      
5.875%, 08/15/2012   1,010,000 1,026,091
Prudential Financial, Inc. 5.100%, 12/14/2011 250,000 251,507
Regions Financial Corp.      
0.528%, 06/26/2012 (P)   250,000 245,220
The Bear Stearns Companies LLC      
6.950%, 08/10/2012   750,000 786,877
The Goldman Sachs Group, Inc.      
3.625%, 08/01/2012   250,000 253,462
5.300%, 02/14/2012   500,000 506,210
The Royal Bank of Scotland PLC      
3.400%, 08/23/2013   800,000 796,398
Toyota Motor Credit Corp.      
1.375%, 08/12/2013   250,000 251,955
UBS AG 2.250%, 08/12/2013   300,000 294,653
Wachovia Corp. 5.300%, 10/15/2011   863,000 863,805
 
      20,338,765
Health Care - 2.19%      
Express Scripts, Inc. 5.250%, 06/15/2012   1,000,000 1,026,821
Pfizer, Inc. 4.450%, 03/15/2012   400,000 406,842
Sanofi 0.413%, 03/28/2012 (P)   1,000,000 1,000,312
Wellpoint Health Networks, Inc.      
6.375%, 01/15/2012   350,000 355,526
 
      2,789,501
Industrials - 0.20%      
Textron, Inc. 6.500%, 06/01/2012   250,000 257,898
Information Technology - 0.40%      
Hewlett-Packard Company      
4.250%, 02/24/2012   500,000 506,692

 

410

 


John Hancock Variable Insurance Trust (Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
CORPORATE BONDS (continued)      
Materials - 2.25%      
Alcoa, Inc. 6.000%, 07/15/2013 $ 1,000,000 $ 1,069,520
ArcelorMittal 5.375%, 06/01/2013   1,000,000 1,020,504
The Dow Chemical Company      
4.850%, 08/15/2012   750,000 772,202
 
      2,862,226
Telecommunication Services - 2.58%      
Cellco Partnership / Verizon Wireless      
Capital LLC 5.250%, 02/01/2012   850,000 861,832
COX Communications, Inc.      
7.125%, 10/01/2012   892,000 944,886
Deutsche Telekom International Finance BV    
5.250%, 07/22/2013   1,000,000 1,056,187
Qwest Corp. 8.875%, 03/15/2012   400,000 413,500
 
      3,276,405
Utilities - 1.24%      
Dominion Resources, Inc. 5.700%, 09/17/2012 1,000,000 1,043,854
NiSource Finance Corp. 6.150%, 03/01/2013 500,000 529,339
 
      1,573,193
TOTAL CORPORATE BONDS (Cost $43,785,990) $ 42,815,797
 
ASSET BACKED SECURITIES - 19.64%    
American Express Credit      
Account Master Trust      
Series 2007-1, Class A,      
0.249%, 09/15/2014 (P)   750,000 749,881
Series 2007-7, Class A,      
0.269%, 02/17/2015 (P)   100,000 99,965
American Express      
Issuance Trust 0.479%, 07/15/2013 (P)   1,500,000 1,501,556
Americredit Automobile Receivables Trust      
Series 2007-BF, Class A4,      
0.272%, 12/06/2013 (P)   406,359 405,457
0.840%, 06/09/2014   1,006,586 1,006,497
Series 2010-2, Class A2,      
1.220%, 10/08/2013   302,917 303,316
Bank of America Auto Trust      
1.310%, 07/15/2014   2,126,392 2,135,284
Series 2009-1A, Class A3,      
2.670%, 07/15/2013 (S)   135,299 135,914
Bank of America Credit Card Trust,      
Series 2006-A12, Class A12      
0.249%, 03/15/2014 (P)   660,000 659,947
BMW Vehicle      
Lease Trust 0.820%, 04/15/2013   1,200,000 1,200,344
Cabela’s Master Credit Card Trust      
Series 2006-3A, Class A2,      
0.279%, 10/15/2014 (P)(S)   500,000 499,801
5.260%, 10/15/2014 (S)   1,000,000 997,861
Capital Auto Receivables Asset Trust,      
Series 2008-2, Class A3A      
4.680%, 10/15/2012   100,618 100,931
Capital One Multi-Asset Execution Trust,      
Series 2007-A4, Class A4      
0.259%, 03/16/2015 (P)   1,000,000 999,189
Chase Issuance Trust, Series 2009-A2,      
Class A2 1.779%, 04/15/2014 (P)   750,000 756,168
Citibank Credit Card Issuance Trust      
Series 2007-A7, Class A7,      
0.581%, 08/20/2014 (P)   700,000 701,574
Series 2009-A1, Class A1,      
1.979%, 03/17/2014 (P)   760,000 765,808
Daimler Chrysler Auto Trust, Series 2007-A,    
Class A4 5.280%, 03/08/2013   79,021 79,736

 

Ultra Short Term Bond Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
 
ASSET BACKED SECURITIES (continued)    
Discover Card Master Trust, Series 2009-A1,    
Class A1 1.529%, 12/15/2014 (P) $ 1,000,000 $ 1,008,689
Discover Card Master Trust I, Series 2007-3,    
Class A2 0.279%, 10/16/2014 (P)   85,000 84,976
DT Auto Owner Trust, Series 2011-1A,      
Class A 0.990%, 05/15/2013 (S)   211,297 211,272
Fifth Third Auto Trust, Series 2008-1,      
Class A4A 4.810%, 01/15/2013   125,024 125,661
Ford Credit Auto Owner Trust      
2.729%, 05/15/2013 (P)   482,120 484,126
Series 2007-A, Class A4A,      
5.470%, 06/15/2012   6,312 6,325
6.070%, 05/15/2014   1,000,000 1,045,046
GE Capital Credit Card Master Note Trust,      
Series 2009-1, Class A      
2.329%, 04/15/2015 (P)   1,000,000 1,010,594
Harley-Davidson Motorcycle Trust      
Series 2009-3, Class A3,      
1.740%, 09/15/2013   154,063 154,550
Series 2009-2, Class A3,      
2.620%, 03/15/2014   120,542 121,143
Series 2007-2, Class A4,      
5.120%, 08/15/2013   97,477 98,597
Honda Auto Receivables Owner Trust      
Series 2010-1, Class A3,      
1.250%, 10/21/2013   1,213,550 1,217,484
Series 2009-2, Class A3,      
2.790%, 01/15/2013   128,523 129,090
Hyundai Auto      
Receivables Trust 5.210%, 03/17/2014   972,943 978,371
Mercedes-Benz Auto Receivables Trust,      
Series 2009-1, Class A3      
1.670%, 01/15/2014   862,494 867,594
Merrill Auto Trust Securitization,      
Series 2008-1, Class A4A      
6.150%, 04/15/2015   402,841 408,038
National City Credit Card Master Trust,      
Series 2007-1 Class A      
0.279%, 03/17/2014 (P)   1,000,000 999,069
Nissan Auto Lease Trust, Series 2009-B,      
Class A3 2.070%, 01/15/2015   17,579 17,589
Nissan Auto Receivables Owner Trust,      
Series 2009-1, Class A3      
5.000%, 09/15/2014   931,566 946,990
Santander Drive Auto Receivables Trust      
Series 2010-3, Class A2,      
0.930%, 06/17/2013   280,420 280,538
Sdart 2010-1 A2,      
1.360%, 03/15/2013   385,678 386,162
Volvo Financial Equipment LLC      
1.560%, 06/17/2013 (S)   941,919 945,485
World Omni Auto Receivables Trust,      
Series 2010-A, Class A3      
1.340%, 12/16/2013   337,500 338,393
TOTAL ASSET BACKED SECURITIES (Cost $25,029,103) $ 24,965,011
 
SHORT-TERM INVESTMENTS - 0.39%    
Commercial Paper* - 0.39%      
Societe Generale, 0.607% 02/03/2012   220,000 219,597
Nordea Bank Finland PLC,      
0.549% 10/14/2011   170,000 170,061

 

411

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Ultra Short Term Bond Trust (continued)  
  Shares or   
  Principal   
  Amount  Value
 
SHORT-TERM INVESTMENTS (continued)    
Commercial Paper* (continued)      
Deutsche Bank AG, 0.824% 01/19/2012 $ 100,000 $ 99,924
      489,582
TOTAL SHORT-TERM INVESTMENTS (Cost $489,582) $ 489,582
Total Investments (Ultra Short Term Bond Trust)    
(Cost $121,391,319) - 95.15%   $ 120,956,941
Other assets and liabilities, net - 4.85%     6,168,722
TOTAL NET ASSETS - 100.00%   $ 127,125,663
 
 
 
U.S. Equity Trust      
  Shares or   
  Principal   
  Amount  Value
 
COMMON STOCKS - 99.49%      
Consumer Discretionary - 6.80%      
Auto Components - 0.05%      
BorgWarner, Inc. (I)(L)   1,600 $ 96,848
Lear Corp.   1,380 59,202
The Goodyear Tire & Rubber Company (I)   6,200 62,558
TRW Automotive Holdings Corp. (I)   1,500 49,095
Visteon Corp. (I)   1,500 64,500
 
      332,203
Automobiles - 0.07%      
General Motors Company (I)   23,900 482,302
Harley-Davidson, Inc.   2,000 68,660
 
      550,962
Distributors - 0.17%      
Audiovox Corp., Class A (I)   10,800 59,292
Genuine Parts Company (L)   23,300 1,183,640
 
      1,242,932
Diversified Consumer Services - 0.29%      
Apollo Group, Inc., Class A (I)   34,800 1,378,428
Career Education Corp. (I)   4,300 56,115
DeVry, Inc.   1,200 44,352
Education Management Corp. (I)(L)   3,400 50,456
H&R Block, Inc. (L)   20,700 275,517
ITT Educational Services, Inc. (I)(L)   1,130 65,065
Weight Watchers International, Inc.   4,300 250,475
 
      2,120,408
Hotels, Restaurants & Leisure - 2.14%      
Chipotle Mexican Grill, Inc. (I)(L)   260 78,767
Einstein Noah Restaurant Group, Inc.   6,900 88,527
Las Vegas Sands Corp. (I)   5,700 218,538
McDonald’s Corp.   169,001 14,841,668
Panera Bread Company, Class A (I)   2,520 261,929
Ruth’s Hospitality Group, Inc. (I)(L)   15,200 65,208
Six Flags Entertainment Corp. (L)   2,000 55,440
Wynn Resorts, Ltd.   1,270 146,152
 
      15,756,229
Household Durables - 0.10%      
Garmin, Ltd.   2,300 73,071
KB Home (L)   71,600 419,576
Mohawk Industries, Inc. (I)   1,400 60,074
NVR, Inc. (I)   119 71,874
Tempur-Pedic International, Inc. (I)   1,300 68,393
Tupperware Brands Corp.   1,200 64,488
 
      757,476

 

U.S. Equity Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Internet & Catalog Retail - 0.22%    
Amazon.com, Inc. (I) 3,450 $ 745,994
Liberty Media Corp. - Interactive, Series A (I) 20,800 307,216
priceline.com, Inc. (I) 1,290 579,803
 
    1,633,013
Leisure Equipment & Products - 0.01%    
Johnson Outdoors, Inc. (I) 4,600 70,748
Media - 0.49%    
Arbitron, Inc. 1,800 59,544
CBS Corp., Class B 24,400 497,272
Charter Communications, Inc., Class A (I) 8,100 379,404
Clear Channel Outdoor    
Holdings, Inc., Class A (I) 5,500 51,480
DIRECTV, Class A (I) 5,600 236,600
DISH Network Corp. (I) 7,300 182,938
Gannett Company, Inc. (L) 16,000 152,480
John Wiley & Sons, Inc. 1,500 66,630
Lamar Advertising Company, Class A (I)(L) 3,600 61,308
News Corp., Class A 14,100 218,127
The McGraw-Hill Companies, Inc. 23,200 951,200
The Washington Post Company, Class B (L) 184 60,162
Time Warner, Inc. 13,533 405,584
Viacom, Inc., Class B 7,500 290,550
 
    3,613,279
Multiline Retail - 0.58%    
Big Lots, Inc. (I) 2,400 83,592
Dillard’s, Inc., Class A 1,700 73,916
Dollar Tree, Inc. (I) 20,100 1,509,711
Family Dollar Stores, Inc. 12,600 640,836
J.C. Penney Company, Inc. (L) 11,800 316,004
Sears Holdings Corp. (I)(L) 9,200 529,184
Target Corp. 23,200 1,137,728
 
    4,290,971
Specialty Retail - 1.21%    
Aaron’s, Inc. 3,100 78,275
Abercrombie & Fitch Company, Class A 3,400 209,304
Advance Auto Parts, Inc. 12,700 737,870
Aeropostale, Inc. (I)(L) 19,400 209,714
AutoNation, Inc. (I)(L) 7,500 245,850
AutoZone, Inc. (I) 770 245,776
Best Buy Company, Inc. 24,600 573,180
Big 5 Sporting Goods Corp. 10,500 63,840
Destination Maternity Corp. 5,400 69,498
GameStop Corp., Class A (I)(L) 9,900 228,690
Group 1 Automotive, Inc. (L) 2,000 71,100
Guess?, Inc. 1,900 54,131
Jos A. Bank Clothiers, Inc. (I) 1,800 83,934
Lowe’s Companies, Inc. 46,300 895,442
Penske Automotive Group, Inc. (L) 6,300 100,800
Rent-A-Center, Inc. 3,300 90,585
Ross Stores, Inc. 18,100 1,424,289
Sonic Automotive, Inc. 5,400 58,266
Syms Corp. (I)(L) 7,400 64,898
The Gap, Inc. (L) 13,000 211,120
Tiffany & Company 1,000 60,820
TJX Companies, Inc. 52,900 2,934,363
Tractor Supply Company 1,300 81,315
Ulta Salon Cosmetics & Fragrance, Inc. (I) 1,300 80,899
 
    8,873,959
Textiles, Apparel & Luxury Goods - 1.47%    
Carter’s, Inc. (I)(L) 2,600 79,404
Coach, Inc. 36,900 1,912,527
Deckers Outdoor Corp. (I) 930 86,732

 

412

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

U.S. Equity Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Textiles, Apparel & Luxury Goods (continued)    
Fossil, Inc. (I)(L) 4,340 $ 351,800
NIKE, Inc., Class B 82,100 7,020,371
Steven Madden, Ltd. (I) 2,850 85,785
VF Corp. (L) 10,460 1,271,099
 
    10,807,718
    50,049,898
Consumer Staples - 24.47%    
Beverages - 6.21%    
Brown Forman Corp., Class B (L) 23,800 1,669,332
Coca-Cola Enterprises, Inc. 6,400 159,232
Hansen Natural Corp. (I) 18,300 1,597,407
PepsiCo, Inc. 259,776 16,080,134
The Coca-Cola Company 388,300 26,233,548
 
    45,739,653
Food & Staples Retailing - 6.18%    
Costco Wholesale Corp. 34,300 2,816,716
CVS Caremark Corp. 52,300 1,756,234
Safeway, Inc. 13,700 227,831
SUPERVALU, Inc. (L) 9,279 61,798
Sysco Corp. 93,600 2,424,240
The Kroger Company 41,600 913,536
Wal-Mart Stores, Inc. (L) 605,003 31,399,656
Walgreen Company 178,900 5,884,021
 
    45,484,032
Food Products - 2.18%    
Bunge, Ltd. (L) 3,500 204,015
Campbell Soup Company (L) 37,900 1,226,823
Corn Products International, Inc. 1,800 70,632
Darling International, Inc. (I) 4,200 52,878
Dean Foods Company (I) 8,800 78,056
Dole Food Company, Inc. (I)(L) 5,900 59,000
Flowers Foods, Inc. (L) 24,150 469,959
Fresh Del Monte Produce, Inc. 2,800 64,960
General Mills, Inc. 105,000 4,039,350
Green Mountain Coffee Roasters, Inc. (I) 1,710 158,927
H.J. Heinz Company (L) 36,400 1,837,472
Hormel Foods Corp. (L) 43,900 1,186,178
Kellogg Company 52,800 2,808,432
McCormick & Company, Inc. 21,800 1,006,288
Ralcorp Holdings, Inc. (I) 900 69,039
The Hershey Company 35,600 2,108,944
The J.M. Smucker Company 8,400 612,276
 
    16,053,229
Household Products - 5.77%    
Church & Dwight Company, Inc. 23,000 1,016,600
Clorox Company (L) 20,800 1,379,664
Colgate-Palmolive Company 78,200 6,934,776
Kimberly-Clark Corp. 58,100 4,125,681
Spectrum Brands Holdings, Inc. (I) 3,000 70,860
The Procter & Gamble Company 457,800 28,923,804
 
    42,451,385
Personal Products - 0.67%    
Avon Products, Inc. 43,300 848,680
Herbalife, Ltd. 22,400 1,200,640
The Estee Lauder Companies, Inc., Class A 33,211 2,917,254
 
    4,966,574
Tobacco - 3.46%    
Altria Group, Inc. 46,200 1,238,622
Lorillard, Inc. 23,250 2,573,775
Philip Morris International, Inc. 301,169 18,786,922

 

U.S. Equity Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Tobacco (continued)    
Reynolds American, Inc. 73,900 $ 2,769,772
Universal Corp. 1,800 64,548
 
    25,433,639
 
    180,128,512
Energy - 3.97%    
Energy Equipment & Services - 0.62%    
Atwood Oceanics, Inc. (I)(L) 2,400 82,464
Baker Hughes, Inc. 11,900 549,304
CARBO Ceramics, Inc. (L) 490 50,240
Gulfmark Offshore, Inc., Class A (I) 3,000 109,020
Halliburton Company 25,000 763,000
Helmerich & Payne, Inc. 1,200 48,720
Lufkin Industries, Inc. 900 47,889
McDermott International, Inc. (I) 3,900 41,964
Nabors Industries, Ltd. (I) 3,200 39,232
National Oilwell Varco, Inc. 20,600 1,055,132
Oceaneering International, Inc. 2,000 70,680
Oil States International, Inc. (I) 1,000 50,920
Patterson-UTI Energy, Inc. 2,300 39,882
Rowan Companies, Inc. (I) 2,000 60,380
Schlumberger, Ltd. 23,470 1,401,863
SEACOR Holdings, Inc. 740 59,355
Unit Corp. (I) 1,600 59,072
Weatherford International, Ltd. (I) 4,000 48,840
 
    4,577,957
Oil, Gas & Consumable Fuels - 3.35%    
Anadarko Petroleum Corp. 8,900 561,145
Apache Corp. 5,755 461,781
Apco Oil and Gas International, Inc. 1,000 74,420
Berry Petroleum Company, Class A 1,600 56,608
Cabot Oil & Gas Corp. 2,000 123,820
Chesapeake Energy Corp. 2,300 58,765
Chevron Corp. 59,872 5,539,357
Cobalt International Energy, Inc. (I) 5,900 45,489
ConocoPhillips 71,300 4,514,716
CVR Energy, Inc. (I) 3,900 82,446
El Paso Corp. 3,900 68,172
Energy Partners, Ltd. (I) 7,000 77,490
EQT Corp. 1,200 64,032
Exxon Mobil Corp. 122,700 8,911,701
Golar LNG, Ltd. 2,300 73,094
Gulfport Energy Corp. (I) 2,200 53,196
Hess Corp. 8,590 450,631
HollyFrontier Corp. 8,800 230,736
Marathon Oil Corp. 36,500 787,670
Murphy Oil Corp. 2,700 119,232
Occidental Petroleum Corp. 7,635 545,903
Peabody Energy Corp. 4,800 162,624
Plains Exploration & Production Company (I) 2,200 49,962
Range Resources Corp. 3,100 181,226
SemGroup Corp., Class A (I) 2,400 47,904
SM Energy Company 1,100 66,715
Stone Energy Corp. (I)(L) 2,400 38,904
Sunoco, Inc. 2,000 62,020
Tesoro Corp. (I)(L) 7,100 138,237
The Williams Companies, Inc. 12,200 296,948
Valero Energy Corp. 30,600 544,068
W&T Offshore, Inc. 3,100 42,656
Western Refining, Inc. (I) 3,000 37,380
World Fuel Services Corp. 2,100 68,565
 
    24,637,613
 
    29,215,570

 

413

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

U.S. Equity Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Financials - 1.40%    
Capital Markets - 0.04%    
American Capital, Ltd. (I)(L) 9,500 $ 64,790
GAMCO Investors, Inc., Class A 1,900 74,841
Janus Capital Group, Inc. 10,400 62,400
Safeguard Scientifics, Inc. (I) 5,900 88,500
 
    290,531
Commercial Banks - 0.08%    
Bancorp, Inc. (I) 10,000 71,600
CapitalSource, Inc. 12,000 73,680
Central Pacific Financial Corp. (I) 6,500 67,080
CIT Group, Inc. (I) 6,000 182,220
OmniAmerican Bancorp, Inc. (I) 6,500 88,725
State Bank Financial Corp. (I) 5,400 68,148
West Coast Bancorp (I) 4,600 64,400
 
    615,853
Consumer Finance - 0.21%    
Advance America Cash Advance Centers, Inc. 9,200 67,712
Capital One Financial Corp. 8,900 352,707
Cash America International, Inc. 1,900 97,204
Credit Acceptance Corp. (I) 1,700 109,412
Discover Financial Services 17,400 399,156
EZCORP, Inc., Class A (I) 1,500 42,810
First Cash Financial Services, Inc. (I) 1,100 46,145
SLM Corp. 28,400 353,580
World Acceptance Corp. (I) 700 39,165
 
    1,507,891
Diversified Financial Services - 0.19%    
Bank of America Corp. 104,287 638,236
Citigroup, Inc. 10,900 279,258
Leucadia National Corp. 6,900 156,492
Marlin Business Services Corp. (I) 6,600 69,960
Moody’s Corp. (L) 9,100 277,095
 
    1,421,041
Insurance - 0.72%    
ACE, Ltd. 3,500 212,100
Allied World Assurance    
Company Holdings, Ltd. 1,400 75,194
American Financial Group, Inc. 1,600 49,712
American International Group, Inc. (I)(L) 17,000 373,150
Amtrust Financial Services, Inc. 3,200 71,232
AON Corp. 7,800 327,444
Arch Capital Group, Ltd. (I) 2,200 71,885
Aspen Insurance Holdings, Ltd. 3,500 80,640
Assurant, Inc. 15,300 547,740
Axis Capital Holdings, Ltd. 2,400 62,256
Brown & Brown, Inc. 3,200 56,960
Chubb Corp. 1,000 59,990
CNO Financial Group, Inc. (I) 21,100 114,151
Employers Holdings, Inc. 4,700 59,972
Endurance Specialty Holdings, Ltd. 1,600 54,640
Enstar Group, Ltd. (I) 1,000 95,230
Genworth Financial, Inc., Class A (I) 18,000 103,320
Hartford Financial Services Group, Inc. 16,400 264,696
Hilltop Holdings, Inc. (I) 7,100 51,191
Kemper Corp. 2,900 69,484
MBIA, Inc. (I)(L) 7,200 52,344
Old Republic International Corp. (L) 5,500 49,060
PartnerRe, Ltd. 1,100 57,497
Presidential Life Corp. (L) 7,400 60,828
Prudential Financial, Inc. 8,600 402,996
Reinsurance Group of America, Inc. 1,400 64,330
RenaissanceRe Holdings, Ltd. 3,100 197,780

 

U.S. Equity Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Insurance (continued)    
Symetra Financial Corp. 7,000 $ 57,050
The Travelers Companies, Inc. 27,600 1,344,948
Transatlantic Holdings, Inc. 1,400 67,928
Validus Holdings, Ltd. 6,100 152,012
 
    5,307,760
Real Estate Investment Trusts - 0.07%    
Annaly Capital Management, Inc. (L) 20,000 332,600
Getty Realty Corp. (L) 2,800 40,376
One Liberty Properties, Inc. 4,800 70,368
Pennymac Mortgage Investment Trust 3,200 50,880
Winthrop Realty Trust 6,200 53,878
 
    548,102
Real Estate Management & Development - 0.03%    
Forest City Enterprises, Inc., Class A (I) 5,900 62,894
Tejon Ranch Company (I) 3,400 81,158
The Howard Hughes Corp. (I) 10 421
The St. Joe Company (I)(L) 4,000 59,960
 
    204,433
Thrifts & Mortgage Finance - 0.06%    
Capitol Federal Financial, Inc. 6,800 71,808
Fox Chase Bancorp, Inc. 7,800 98,904
Franklin Financial Corp./VA (I) 6,500 71,760
Hudson City Bancorp, Inc. (L) 12,400 70,184
Oritani Financial Corp. 7,400 95,164
 
    407,820
 
    10,303,431
Health Care - 28.73%    
Biotechnology - 2.70%    
Alexion Pharmaceuticals, Inc. (I) 3,700 237,022
Amgen, Inc. 185,600 10,198,720
AVEO Pharmaceuticals, Inc. (I) 5,800 89,262
Biogen Idec, Inc. (I) 29,280 2,727,432
Cephalon, Inc. (I) 4,100 330,870
Cubist Pharmaceuticals, Inc. (I)(L) 2,200 77,704
Enzon Pharmaceuticals, Inc. (I)(L) 8,700 61,248
Gilead Sciences, Inc. (I) 142,901 5,544,559
Idenix Pharmaceuticals, Inc. (I) 13,400 66,866
PDL BioPharma, Inc. (L) 14,300 79,365
Pharmasset, Inc. (I) 1,100 90,607
Regeneron Pharmaceuticals, Inc. (I)(L) 1,500 87,300
Theravance, Inc. (I) 4,000 80,560
United Therapeutics Corp. (I) 1,310 49,112
Vertex Pharmaceuticals, Inc. (I) 3,600 160,344
 
    19,880,971
Health Care Equipment & Supplies - 4.54%    
Alere, Inc. (I) 28,400 558,060
Baxter International, Inc. 101,201 5,681,424
Becton, Dickinson & Company 38,900 2,852,148
Boston Scientific Corp. (I) 24,500 144,795
C.R. Bard, Inc. 15,590 1,364,749
CareFusion Corp. (I) 8,800 210,760
Covidien PLC 15,400 679,140
DENTSPLY International, Inc. (L) 22,800 699,732
Edwards Lifesciences Corp. (I) 18,200 1,297,296
Gen-Probe, Inc. (I) 8,400 480,900
IDEXX Laboratories, Inc. (I) 10,300 710,391
Intuitive Surgical, Inc. (I) 4,940 1,799,543
Kinetic Concepts, Inc. (I)(L) 6,800 448,052
Medtronic, Inc. 215,300 7,156,572
Palomar Medical Technologies, Inc. (I) 15,200 119,776
ResMed, Inc. (I)(L) 25,300 728,387

 

414

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

U.S. Equity Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Health Care Equipment & Supplies (continued)    
St. Jude Medical, Inc. 55,100 $ 1,994,069
Stryker Corp. 61,500 2,898,495
Syneron Medical, Ltd., ADR (I) 8,500 84,235
The Cooper Companies, Inc. 1,600 126,640
Varian Medical Systems, Inc. (I)(L) 19,200 1,001,472
Wright Medical Group, Inc. (I) 4,900 87,612
Zimmer Holdings, Inc. (I) 42,000 2,247,000
 
    33,371,248
Health Care Providers & Services - 3.59%    
Accretive Health, Inc. (I)(L) 2,900 61,567
Aetna, Inc. 30,500 1,108,675
AMERIGROUP Corp. (I)(L) 1,000 39,010
AmerisourceBergen Corp. 23,700 883,299
Cardinal Health, Inc. 23,100 967,428
Centene Corp. (I) 3,300 94,611
CIGNA Corp. 7,100 297,774
Coventry Health Care, Inc. (I) 16,500 475,365
Express Scripts, Inc. (I) 89,710 3,325,550
Health Net, Inc. (I) 2,500 59,275
Healthspring, Inc. (I) 5,400 196,884
Henry Schein, Inc. (I)(L) 15,700 973,557
Humana, Inc. 15,400 1,120,042
Laboratory Corp. of America Holdings (I)(L) 16,500 1,304,325
Lincare Holdings, Inc. 18,744 421,740
McKesson Corp. 13,400 974,180
Mednax, Inc. (I) 7,600 476,064
Omnicare, Inc. 2,800 71,204
Patterson Companies, Inc. 20,100 575,463
Quest Diagnostics, Inc. 27,100 1,337,656
Triple-S Management Corp., Class B (I) 21,552 360,996
UnitedHealth Group, Inc. 194,822 8,985,191
Universal American Corp. 7,000 70,420
WellCare Health Plans, Inc. (I) 1,100 41,778
WellPoint, Inc. (L) 34,100 2,226,048
 
    26,448,102
Health Care Technology - 0.30%    
Cerner Corp. (I)(L) 27,540 1,887,041
Quality Systems, Inc. 3,300 320,100
 
    2,207,141
Life Sciences Tools & Services - 0.48%    
Agilent Technologies, Inc. (I) 4,000 125,000
Covance, Inc. (I) 6,300 286,335
Furiex Pharmaceuticals, Inc. (I) 4,700 66,881
Mettler-Toledo International, Inc. (I) 5,330 745,987
Pharmaceutical Product Development, Inc. 18,800 482,408
Techne Corp. 6,400 435,264
Thermo Fisher Scientific, Inc. (I) 5,000 253,200
Waters Corp. (I) 15,000 1,132,350
 
    3,527,425
Pharmaceuticals - 17.12%    
Abbott Laboratories 302,101 15,449,445
Allergan, Inc. 52,700 4,341,426
Bristol-Myers Squibb Company 290,600 9,119,028
Eli Lilly & Company 278,601 10,299,879
Endo Pharmaceuticals Holdings, Inc. (I) 26,600 744,534
Forest Laboratories, Inc. (I) 64,900 1,998,271
Hospira, Inc. (I) 1,100 40,700
Jazz Pharmaceuticals, Inc. (I) 1,800 74,736
Johnson & Johnson 445,800 28,401,918
Merck & Company, Inc. 688,147 22,509,288
Pfizer, Inc. 1,815,894 32,105,006
Viropharma, Inc. (I)(L) 5,100 92,157

 

U.S. Equity Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Pharmaceuticals (continued)    
Warner Chilcott PLC, Class A (I) 47,500 $ 679,250
Watson Pharmaceuticals, Inc. (I) 2,800 191,100
 
    126,046,738
 
    211,481,625
Industrials - 4.37%    
Aerospace & Defense - 1.21%    
Alliant Techsystems, Inc. 1,100 59,961
GenCorp, Inc. (I)(L) 15,001 67,354
General Dynamics Corp. 33,900 1,928,571
Huntington Ingalls Industries, Inc. (I) 2,500 60,825
ITT Corp. 9,600 403,200
L-3 Communications Holdings, Inc. 6,800 421,396
Northrop Grumman Corp. 8,200 427,712
Precision Castparts Corp. 3,370 523,900
Raytheon Company 7,000 286,090
Rockwell Collins, Inc. (L) 9,600 506,496
Spirit Aerosystems Holdings, Inc., Class A (I) 3,800 60,610
United Technologies Corp. 59,300 4,172,348
 
    8,918,463
Air Freight & Logistics - 0.32%    
C.H. Robinson Worldwide, Inc. (L) 27,200 1,862,384
Expeditors International of Washington, Inc. 12,700 514,985
 
    2,377,369
Airlines - 0.01%    
Republic Airways Holdings, Inc. (I) 18,900 53,487
Commercial Services & Supplies - 0.38%    
Avery Dennison Corp. 2,100 52,668
Clean Harbors, Inc. (I) 1,500 76,950
Copart, Inc. (I) 10,300 402,936
Deluxe Corp. 3,800 70,680
Iron Mountain, Inc. (L) 2,400 75,888
M&F Worldwide Corp. (I)(L) 2,800 68,936
Pitney Bowes, Inc. (L) 11,600 218,080
R.R. Donnelley & Sons Company 12,800 180,736
Rollins, Inc. 25,100 469,621
Stericycle, Inc. (I)(L) 14,200 1,146,224
 
    2,762,719
Construction & Engineering - 0.02%    
Granite Construction, Inc. (L) 3,200 60,064
KBR, Inc. 2,200 51,986
MasTec, Inc. (I) 3,500 61,635
 
    173,685
Electrical Equipment - 0.03%    
General Cable Corp. (I)(L) 1,900 44,365
Hubbell, Inc., Class B 1,200 59,448
Polypore International, Inc. (I) 1,100 62,172
Rockwell Automation, Inc. 900 50,400
 
    216,385
Industrial Conglomerates - 1.72%    
3M Company 115,200 8,270,208
Carlisle Companies, Inc. 2,000 63,760
Danaher Corp. 70,200 2,944,188
General Electric Company 64,700 986,028
Seaboard Corp. (I) 39 70,278
Tyco International, Ltd. 7,900 321,925
 
    12,656,387
Machinery - 0.22%    
AGCO Corp. (I) 1,400 48,398
Caterpillar, Inc. 9,220 680,805

 

415

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

U.S. Equity Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Machinery (continued)    
Chart Industries, Inc. (I) 1,500 $ 63,255
Deere & Company 2,400 154,968
Harsco Corp. 2,400 46,536
John Bean Technologies Corp. 4,600 65,596
Joy Global, Inc. 4,000 249,520
Miller Industries, Inc. 5,700 98,895
Oshkosh Corp. (I) 2,700 42,498
RBC Bearings, Inc. (I) 2,400 81,576
Robbins & Myers, Inc. 1,900 65,949
 
    1,597,996
Professional Services - 0.15%    
Dun & Bradstreet Corp. 5,000 306,300
IHS, Inc., Class A (I)(L) 8,300 620,923
Resources Connection, Inc. 7,500 73,350
Verisk Analytics, Inc., Class A (I) 3,000 104,310
 
    1,104,883
Road & Rail - 0.03%    
Arkansas Best Corp. 3,400 54,910
Avis Budget Group, Inc. (I)(L) 4,700 45,449
Hertz Global Holdings, Inc. (I) 5,800 51,620
Ryder Systems, Inc. 1,700 63,767
 
    215,746
Trading Companies & Distributors - 0.28%    
Aircastle, Ltd. (L) 6,300 59,976
Fastenal Company (L) 35,600 1,184,768
United Rentals, Inc. (I)(L) 7,100 119,564
W.W. Grainger, Inc. (L) 4,410 659,471
WESCO International, Inc. (I)(L) 1,900 63,745
 
    2,087,524
    32,164,644
Information Technology - 27.45%    
Communications Equipment - 2.62%    
Brocade Communications Systems, Inc. (I) 12,100 52,272
Cisco Systems, Inc. 244,993 3,794,942
EchoStar Corp., Class A (I) 3,100 70,091
Harris Corp. (L) 5,200 177,684
Polycom, Inc. (I) 3,300 60,621
QUALCOMM, Inc. 306,302 14,895,466
Sycamore Networks, Inc. 3,300 59,565
Symmetricom, Inc. (I) 13,900 60,326
Viasat, Inc. (I)(L) 4,600 153,226
 
    19,324,193
Computers & Peripherals - 2.50%    
Apple, Inc. (I) 29,190 11,126,644
Dell, Inc. (I) 82,400 1,165,960
Hewlett-Packard Company 205,200 4,606,740
Lexmark International, Inc., Class A (I)(L) 2,200 59,466
NCR Corp. (I) 4,500 76,005
Seagate Technology PLC 30,300 311,484
Western Digital Corp. (I) 42,300 1,087,956
 
    18,434,255
Electronic Equipment, Instruments & Components - 0.24%  
Anixter International, Inc. (I)(L) 1,400 66,416
Arrow Electronics, Inc. (I)(L) 8,300 230,574
Avnet, Inc. (I) 2,300 59,984
Dolby Laboratories, Inc., Class A (I)(L) 12,300 337,512
FEI Company (I) 2,400 71,904
FLIR Systems, Inc. (L) 12,600 315,630
Ingram Micro, Inc., Class A (I) 17,600 283,888
IPG Photonics Corp. (I) 1,300 56,472

 

U.S. Equity Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Electronic Equipment, Instruments &    
Components (continued)    
Richardson Electronics, Ltd. 6,000 $ 81,660
SYNNEX Corp. (I)(L) 2,600 68,120
Tech Data Corp. (I) 3,400 146,982
Vishay Intertechnology, Inc. (I) 4,400 36,784
 
    1,755,926
Internet Software & Services - 4.80%    
AOL, Inc. (I)(L) 7,100 85,200
Earthlink, Inc. 7,400 48,322
eBay, Inc. (I) 190,100 5,606,049
Google, Inc., Class A (I) 57,221 29,433,338
IAC/InterActiveCorp (I) 1,900 75,145
Rackspace Hosting, Inc. (I) 1,900 64,866
 
    35,312,920
IT Services - 6.59%    
Accenture PLC, Class A 123,000 6,479,640
Alliance Data Systems Corp. (I) 800 74,160
Amdocs, Ltd. (I) 33,600 911,232
Automatic Data Processing, Inc. 66,300 3,126,045
Broadridge Financial Solutions, Inc. 3,300 66,462
CACI International, Inc., Class A (I) 1,600 79,904
Cognizant Technology    
Solutions Corp., Class A (I) 41,500 2,602,050
Computer Sciences Corp. 9,000 241,650
Convergys Corp. (I)(L) 7,000 65,660
Fiserv, Inc. (I) 3,000 152,310
Global Payments, Inc. 12,800 516,992
International Business Machines Corp. 172,552 30,201,777
Jack Henry & Associates, Inc. 14,400 417,312
Lender Processing Services, Inc. 2,900 39,701
MasterCard, Inc., Class A 3,600 1,141,776
NeuStar, Inc., Class A (I) 3,000 75,420
Paychex, Inc. 60,500 1,595,385
SAIC, Inc. (I) 4,900 57,869
Syntel, Inc. 1,600 69,104
Teradata Corp. (I) 1,400 74,942
Total Systems Services, Inc. 27,300 462,189
VeriFone Systems, Inc. (I) 1,700 59,534
 
    48,511,114
Semiconductors & Semiconductor Equipment - 0.48%  
Altera Corp. 5,600 176,568
Atmel Corp. (I) 6,400 51,648
Cypress Semiconductor Corp. (I) 3,900 58,383
Entegris, Inc. (I) 7,900 50,402
Fairchild Semiconductor International, Inc. (I) 4,000 43,200
LSI Corp. (I) 10,600 54,908
Maxim Integrated Products, Inc. 3,000 69,990
NVIDIA Corp. (I) 4,800 60,000
ON Semiconductor Corp. (I) 26,600 190,722
Skyworks Solutions, Inc. (I) 3,200 57,408
Texas Instruments, Inc. 101,200 2,696,980
 
    3,510,209
Software - 10.22%    
Adobe Systems, Inc. (I) 40,600 981,302
ANSYS, Inc. (I) 11,300 554,152
Ariba, Inc. (I) 3,300 91,443
BMC Software, Inc. (I) 31,600 1,218,496
Citrix Systems, Inc. (I) 21,600 1,177,848
FactSet Research Systems, Inc. (L) 8,350 742,900
Fortinet, Inc. (I) 4,000 67,200
Informatica Corp. (I) 21,000 859,950
Intuit, Inc. 47,800 2,267,632

 

416

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

U.S. Equity Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Software (continued)    
MICROS Systems, Inc. (I) 13,400 $ 588,394
Microsoft Corp. 1,425,936 35,491,547
MicroStrategy, Inc., Class A (I) 680 77,568
Oracle Corp. 1,044,400 30,016,056
Quest Software, Inc. (I) 4,400 69,872
Seachange International, Inc. (I)(L) 9,300 71,610
Symantec Corp. (I) 48,000 782,400
Take-Two Interactive Software, Inc. (I)(L) 5,100 64,872
TIBCO Software, Inc. (I) 3,400 76,126
 
    75,199,368
    202,047,985
Materials - 0.71%    
Chemicals - 0.51%    
Celanese Corp., Series A 5,000 162,650
Eastman Chemical Company 2,270 155,563
Ecolab, Inc. 31,900 1,559,591
Huntsman Corp. 5,500 53,185
LyondellBasell Industries NV, Class A 5,700 139,251
Monsanto Company 6,880 413,075
PPG Industries, Inc. 900 63,594
Rockwood Holdings, Inc. (I) 1,300 43,797
Sigma-Aldrich Corp. (L) 12,600 778,554
The Dow Chemical Company 16,900 379,574
Westlake Chemical Corp. (L) 1,400 47,992
 
    3,796,826
Construction Materials - 0.01%    
Vulcan Materials Company (L) 1,900 52,364
Metals & Mining - 0.15%    
Alcoa, Inc. 24,900 238,293
Cliffs Natural Resources, Inc. 900 46,053
Freeport-McMoRan Copper & Gold, Inc. 18,280 556,626
Kaiser Aluminum Corp. (L) 1,900 84,132
Southern Copper Corp. 5,400 134,946
Walter Energy, Inc. 590 35,406
 
    1,095,456
Paper & Forest Products - 0.04%    
Schweitzer-Mauduit International, Inc. 5,764 322,035
 
    5,266,681
Telecommunication Services - 1.57%    
Diversified Telecommunication Services - 1.49%    
AT&T, Inc. 151,305 4,315,219
CenturyLink, Inc. 18,319 606,725
Verizon Communications, Inc. 165,000 6,072,000
 
    10,993,944
Wireless Telecommunication Services - 0.08%    
Crown Castle International Corp. (I) 4,100 166,747
Sprint Nextel Corp. (I)(L) 112,800 342,912
Telephone & Data Systems, Inc. (L) 2,400 51,000
 
    560,659
    11,554,603
Utilities - 0.02%    
Gas Utilities - 0.01%    
ONEOK, Inc. 1,100 72,644
Independent Power Producers & Energy Traders - 0.01%  
NRG Energy, Inc. (I) 4,200 89,083
 
    161,727
TOTAL COMMON STOCKS (Cost $688,777,829) $ 732,374,676

 

U.S. Equity Trust (continued)    
  Shares or   
  Principal   
  Amount  Value
 
INVESTMENT COMPANIES - 0.30%      
Financials - 0.30%      
SPDR S&P 500 ETF Trust (L)   19,444 2,200,477
TOTAL INVESTMENT COMPANIES (Cost $2,371,582) $ 2,200,477
 
SECURITIES LENDING COLLATERAL - 4.04%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y) 2,973,620 29,751,660
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $29,750,551)   $ 29,751,660
 
SHORT-TERM INVESTMENTS - 0.06%      
Money Market Funds - 0.06%      
State Street Institutional Treasury Money      
Market Fund, 0.0000% (Y) $ 455,799 $ 445,799
TOTAL SHORT-TERM INVESTMENTS (Cost $445,799) $ 445,799
Total Investments (U.S. Equity Trust)      
(Cost $721,345,761) - 103.89%   $ 764,772,612
Other assets and liabilities, net - (3.89%)     (28,630,521)
 
TOTAL NET ASSETS - 100.00%   $ 736,142,091
 
 
 
Utilities Trust      
  Shares or   
  Principal   
  Amount  Value
 
COMMON STOCKS - 91.47%      
Consumer Discretionary - 10.21%      
Media - 10.21%      
Charter Communications, Inc., Class A (I)   3,800 $ 177,992
Comcast Corp., Special Class A   278,540 5,762,993
DIRECTV, Class A (I)(L)   16,570 700,083
Kabel Deutschland Holding AG (I)   38,629 2,082,283
Liberty Global, Inc., Series A (I)   14,580 527,504
Time Warner Cable, Inc.   39,800 2,494,266
Viacom, Inc., Class B (L)   17,580 681,049
Virgin Media, Inc. (L)   231,550 5,638,243
 
      18,064,413
 
      18,064,413
Energy - 14.57%      
Oil, Gas & Consumable Fuels - 14.57%      
Arch Coal, Inc.   43,520 634,522
El Paso Corp. (L)   323,956 5,662,751
Energen Corp.   10,760 439,976
EOG Resources, Inc.   8,040 570,920
EQT Corp.   60,330 3,219,209
Kinder Morgan, Inc. (L)   105,930 2,742,528
Noble Energy, Inc.   4,890 346,212
Occidental Petroleum Corp.   12,050 861,575
QEP Resources, Inc.   129,631 3,509,111
Spectra Energy Corp. (L)   100,260 2,459,378
The Williams Companies, Inc.   197,771 4,813,746
Ultra Petroleum Corp. (I)(L)   18,260 506,167
 
      25,766,095
 
      25,766,095
Financials - 0.36%      
Capital Markets - 0.36%      
Hutchison Port Holdings Trust   964,000 637,770

 

417

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Utilities Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
 
COMMON STOCKS (continued)    
Telecommunication Services - 17.52%    
Diversified Telecommunication Services - 7.92%    
Bezek Israeli Telecommunications Corp., Ltd. 617,060 $ 1,156,824
CenturyLink, Inc. 54,038 1,789,739
Deutsche Telekom AG 73,300 862,246
Frontier Communications Corp. (L) 69,990 427,639
Portugal Telecom SGPS SA 106,569 777,077
TDC A/S 113,090 922,696
Telecom Italia SpA, RSP 1,210,586 1,176,123
Telecomunicacoes de Sao Paulo SA, ADR (I) 139,581 3,691,917
Telenet Group Holding NV 58,920 2,158,685
Xl Axiata Tbk Pt 1,876,000 1,049,706
 
    14,012,652
Wireless Telecommunication Services - 9.60%    
American Tower Corp., Class A (I) 42,580 2,290,804
Cellcom Israel, Ltd. 115,430 2,411,333
Crown Castle International Corp. (I) 34,060 1,385,220
Millicom International Cellular SA 3,790 379,561
Mobile TeleSystems, ADR 103,395 1,271,759
MTN Group, Ltd. 56,019 916,520
NII Holdings, Inc. (I) 91,540 2,467,003
SBA Communications Corp., Class A (I)(L) 35,760 1,233,005
Tim Participacoes SA, ADR (L) 104,764 2,468,240
Vodafone Group PLC 837,290 2,162,172
 
    16,985,617
    30,998,269
Utilities - 48.81%    
Electric Utilities - 20.44%    
American Electric Power Company, Inc. 98,710 3,752,954
CEZ AS 100,714 3,881,010
Cia Paranaense de Energia, ADR 36,520 665,029
E.ON AG 18,836 410,793
Edison International 110,370 4,221,653
EDP - Energias do Brasil SA 59,900 1,210,584
Electricidade de Portugal SA 1,047,439 3,217,044
Empresa Electrica del Norte Grande SA 304,080 722,676
Enersis SA, ADR 65,640 1,109,972
Exelon Corp. (L) 10,480 446,553
FirstEnergy Corp. 27,030 1,213,917
Fortum OYJ 116,742 2,741,600
Light SA 133,740 1,759,727
Nextera Energy, Inc. 54,660 2,952,733
Northeast Utilities 25,840 869,516
NV Energy, Inc. 76,210 1,121,049
PPL Corp. 71,431 2,038,641
Red Electrica De Espana 52,672 2,403,654
Scottish & Southern Energy PLC 70,872 1,417,361
 
    36,156,466
Gas Utilities - 2.80%    
AGL Resources, Inc. (L) 30,430 1,239,718
Enagas SA 127,286 2,344,048
National Fuel Gas Company 1,550 75,454
ONEOK, Inc. 6,820 450,393
UGI Corp. 32,160 844,843
 
    4,954,456
Independent Power Producers & Energy Traders - 11.11%  
Calpine Corp. (I) 223,310 3,144,205
China Hydroelectric Corp., ADR (I)(L) 44,940 93,475
Constellation Energy Group, Inc. 65,441 2,490,684
EDP Renovaveis SA (I) 275,742 1,504,827
GenOn Energy, Inc. (I) 520,080 1,445,822
International Power PLC 513,783 2,433,882

 

Utilities Trust (continued)      
  Shares or   
  Principal   
  Amount  Value
 
COMMON STOCKS (continued)      
Independent Power Producers & Energy Traders (continued)  
NRG Energy, Inc. (I)(L)   112,282 $ 2,381,501
The AES Corp. (I)   407,300 3,975,248
Tractebel Energia SA   157,600 2,187,667
 
      19,657,311
Multi-Utilities - 12.84%      
CenterPoint Energy, Inc.   130,390 2,558,252
CMS Energy Corp. (L)   270,960 5,362,298
GDF Suez   18,739 559,796
National Grid PLC   118,607 1,175,997
OGE Energy Corp.   50,360 2,406,704
PG&E Corp.   71,580 3,028,550
Public Service Enterprise Group, Inc.   146,850 4,900,385
Sempra Energy   52,880 2,723,320
 
      22,715,302
Water Utilities - 1.62%      
Aguas Andinas SA   2,881,071 1,524,670
Cia de Saneamento de Minas Gerais   85,100 1,346,483
 
      2,871,153
 
      86,354,688
TOTAL COMMON STOCKS (Cost $154,083,626) $ 161,821,235
 
PREFERRED SECURITIES - 4.09%      
Utilities - 4.09%      
Electric Utilities - 3.63%      
Cia Paranaense de Energia $ 32,600 $ 587,762
Eletropaulo Metropolitana Eletricidade de      
Sao Paulo SA   68,200 1,032,295
Great Plains Energy, Inc., 12.000%   18,430 1,105,800
Nextera Energy, Inc., 7.000%   21,800 1,087,820
PPL Corp., 8.750%   21,430 1,165,578
PPL Corp., 9.500%   26,180 1,450,372
 
      6,429,627
Independent Power Producers & Energy Traders - 0.46%  
AES Tiete SA   64,736 809,092
 
      7,238,719
TOTAL PREFERRED SECURITIES (Cost $7,330,856) $ 7,238,719
 
CORPORATE BONDS - 0.46%      
Utilities - 0.46%      
Independent Power Producers & Energy Traders - 0.46%  
GenOn Energy, Inc.      
9.875%, 10/15/2020 $ 879,000 821,865
TOTAL CORPORATE BONDS (Cost $878,361) $ 821,865
 
CONVERTIBLE BONDS - 1.22%      
Consumer Discretionary - 0.79%      
Media - 0.79%      
Virgin Media, Inc. 6.500%, 11/15/2016 $ 933,000 $ 1,399,500
Telecommunication Services - 0.43%      
Wireless Telecommunication Services - 0.43%    
SBA Communications Corp.      
4.000% 10/01/2014   580,000 750,375
TOTAL CONVERTIBLE BONDS (Cost $1,922,959) $ 2,149,875

 

418

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Utilities Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
SECURITIES LENDING COLLATERAL - 8.10%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y) $ 1,432,692 $ 14,334,372
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $14,333,098)   $ 14,334,372
 
SHORT-TERM INVESTMENTS - 1.67%      
Repurchase Agreement - 1.67%      
Repurchase Agreement with State Street Corp.      
dated 09/30/2011 at 0.010% to be      
repurchased at $2,960,002 on 10/03/2011,      
collateralized by $3,005,000 Federal      
National Mortgage Association, 0.750% due      
02/26/2013 (valued at $3,021,923,      
including interest) $ 2,960,000 $ 2,960,000
TOTAL SHORT-TERM INVESTMENTS (Cost $2,960,000) $ 2,960,000
Total Investments (Utilities Trust)      
(Cost $181,508,900) - 107.01%   $ 189,326,066
Other assets and liabilities, net - (7.01%)     (12,408,782)
TOTAL NET ASSETS - 100.00%   $ 176,917,284
 
 
 
Value Trust      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 92.09%      
Consumer Discretionary - 12.27%      
Automobiles - 3.15%      
Harley-Davidson, Inc.   203,832 $ 6,997,553
Hotels, Restaurants & Leisure - 2.28%      
Darden Restaurants, Inc.   118,574 5,069,039
Household Durables - 4.76%      
Mohawk Industries, Inc. (I)   105,452 4,524,945
Newell Rubbermaid, Inc.   510,233 6,056,466
 
      10,581,411
Specialty Retail - 2.08%      
Staples, Inc.   347,480 4,621,484
 
      27,269,487
Consumer Staples - 9.76%      
Food & Staples Retailing - 4.82%      
Safeway, Inc.   384,355 6,391,824
Sysco Corp.   167,130 4,328,667
 
      10,720,491
Food Products - 3.47%      
ConAgra Foods, Inc.   317,900 7,699,538
Personal Products - 1.47%      
Avon Products, Inc.   166,497 3,263,341
 
      21,683,370
Energy - 9.79%      
Oil, Gas & Consumable Fuels - 9.79%      
El Paso Corp.   479,116 8,374,945
Murphy Oil Corp.   77,546 3,424,431
Pioneer Natural Resources Company   62,485 4,109,638
The Williams Companies, Inc.   240,538 5,854,695
 
      21,763,709
      21,763,709

 

Value Trust (continued)    
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Financials - 19.18%    
Capital Markets - 3.95%    
Northern Trust Corp. 136,291 $ 4,767,459
The Charles Schwab Corp. 356,002 4,012,143
 
    8,779,602
Commercial Banks - 5.78%    
BB&T Corp. 211,433 4,509,866
Comerica, Inc. 162,720 3,737,678
Wintrust Financial Corp. 178,242 4,600,426
 
    12,847,970
Insurance - 7.76%    
ACE, Ltd. 98,660 5,978,796
Marsh & McLennan Companies, Inc. 228,779 6,071,795
Willis Group Holdings PLC 151,240 5,198,119
 
    17,248,710
Real Estate Investment Trusts - 1.69%    
Weingarten Realty Investors 177,400 3,755,558
 
    42,631,840
Health Care - 3.92%    
Health Care Providers & Services - 3.92%    
Brookdale Senior Living, Inc. (I) 327,223 4,103,376
Healthsouth Corp. (I) 309,186 4,616,147
 
    8,719,523
 
    8,719,523
Industrials - 7.22%    
Commercial Services & Supplies - 1.98%    
Avery Dennison Corp. 175,406 4,399,182
Electrical Equipment - 1.92%    
The Babcock & Wilcox Company (I) 218,329 4,268,332
Machinery - 2.63%    
Snap-On, Inc. 131,422 5,835,137
Road & Rail - 0.69%    
Swift Transporation Company (I) 239,555 1,542,734
 
    16,045,385
Information Technology - 9.48%    
Computers & Peripherals - 2.17%    
Diebold, Inc. 175,594 4,830,591
Electronic Equipment, Instruments & Components - 1.41%  
Flextronics International, Ltd. (I) 556,097 3,130,826
IT Services - 3.19%    
Fidelity National Information Services, Inc. 291,573 7,091,055
Office Electronics - 2.71%    
Zebra Technologies Corp., Class A (I) 194,775 6,026,339
 
    21,078,811
Materials - 6.94%    
Chemicals - 4.85%    
Valspar Corp. 162,456 5,070,252
W.R. Grace & Company (I) 171,105 5,697,797
 
    10,768,049
Containers & Packaging - 2.09%    
Sonoco Products Company 164,585 4,646,235
 
    15,414,284
Telecommunication Services - 2.94%    
Diversified Telecommunication Services - 2.94%    
TW Telecom, Inc. (I) 395,835 6,539,194

 

419

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Value Trust (continued)      
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS (continued)      
Utilities - 10.59%      
Electric Utilities - 5.81%      
Edison International   217,419 $ 8,316,277
Great Plains Energy, Inc.   238,212 4,597,492
      12,913,769
Multi-Utilities - 4.78%      
CenterPoint Energy, Inc.   294,946 5,786,841
Wisconsin Energy Corp.   154,939 4,848,041
      10,634,882
      23,548,651
TOTAL COMMON STOCKS (Cost $205,385,711) $ 204,694,254
PREFERRED SECURITIES - 0.48%      
Health Care - 0.48%      
HealthSouth Corp, 6.500% $ 1,300 $ 1,075,750
TOTAL PREFERRED SECURITIES (Cost $1,093,646) $ 1,075,750
SHORT-TERM INVESTMENTS - 6.40%      
Money Market Funds - 6.40%      
State Street Institutional Liquid Reserves      
Fund, 0.0927% (Y) $ 14,223,201 $ 14,223,201
TOTAL SHORT-TERM INVESTMENTS (Cost $14,223,201) $ 14,223,201
Total Investments (Value Trust) (Cost $220,702,558) - 98.97% $ 219,993,205
Other assets and liabilities, net - 1.03%     2,295,087
TOTAL NET ASSETS - 100.00%   $ 222,288,292
 
 
Value & Restructuring Trust    
    Shares or  
    Principal  
    Amount Value
 
COMMON STOCKS - 97.02%      
Consumer Discretionary - 5.68%      
Automobiles - 0.82%      
Ford Motor Company (I)   158,000 $ 1,527,860
Household Durables - 0.87%      
Newell Rubbermaid, Inc.   138,000 1,638,060
Leisure Equipment & Products - 0.41%      
Hasbro, Inc. (L)   23,571 768,650
Specialty Retail - 3.58%      
TJX Companies, Inc.   121,000 6,711,870
      10,646,440
Consumer Staples - 6.51%      
Food Products - 0.18%      
Dole Food Company, Inc. (I)(L)   34,000 340,000
Tobacco - 6.33%      
Lorillard, Inc.   107,300 11,878,110
      12,218,110
Energy - 20.69%      
Oil, Gas & Consumable Fuels - 20.69%      
Alpha Natural Resources, Inc. (I)   180,800 3,198,352
Anadarko Petroleum Corp.   72,800 4,590,040
Apache Corp.   17,144 1,375,635
ConocoPhillips (L)   104,500 6,616,940
Consol Energy, Inc. (L)   159,000 5,394,870
Devon Energy Corp.   101,000 5,599,440

 

Value & Restructuring Trust (continued)  
  Shares or  
  Principal  
  Amount Value
 
COMMON STOCKS (continued)    
Oil, Gas & Consumable Fuels (continued)    
Murphy Oil Corp. 43,800 $ 1,934,208
Noble Energy, Inc. 72,500 5,133,000
Petroleo Brasileiro SA, ADR, Ordinary Shares 221,000 4,961,450
 
    38,803,935
    38,803,935
Financials - 12.57%    
Capital Markets - 2.34%    
Apollo Investment Corp. 184,000 1,383,680
Invesco, Ltd. 194,000 3,008,940
 
    4,392,620
Diversified Financial Services - 1.58%    
JPMorgan Chase & Company 98,000 2,951,760
Insurance - 8.17%    
ACE, Ltd. 125,200 7,587,120
AIA Group, Ltd. 490,000 1,393,107
Hartford Financial Services Group, Inc. 50,800 819,912
Loews Corp. 68,000 2,349,400
MetLife, Inc. 113,000 3,165,130
 
    15,314,669
Real Estate Investment Trusts - 0.48%    
Weyerhaeuser Company (L) 58,300 906,565
 
    23,565,614
Health Care - 6.93%    
Health Care Equipment & Supplies - 1.21%    
Baxter International, Inc. 40,500 2,273,670
Health Care Providers & Services - 3.65%    
AmerisourceBergen Corp. (L) 183,500 6,839,045
Pharmaceuticals - 2.07%    
Pfizer, Inc. 148,000 2,616,640
Warner Chilcott PLC, Class A (I) 89,000 1,272,700
 
    3,889,340
    13,002,055
Industrials - 18.42%    
Aerospace & Defense - 3.06%    
AerCap Holdings NV (I) 219,000 2,172,480
Bombardier, Inc. 84,000 295,512
United Technologies Corp. (L) 46,500 3,271,740
 
    5,739,732
Airlines - 2.38%    
Copa Holdings SA, Class A 72,863 4,464,316
Construction & Engineering - 0.76%    
Aecom Technology Corp. (I)(L) 80,500 1,422,435
Industrial Conglomerates - 1.93%    
Tyco International, Ltd. (L) 89,000 3,626,750
Machinery - 5.53%    
AGCO Corp. (I) 86,000 2,973,020
Eaton Corp. 141,500 5,023,250
Stanley Black & Decker, Inc. (L) 48,500 2,381,350
 
    10,377,620
Road & Rail - 4.76%    
Union Pacific Corp. 109,200 8,918,364
 
    34,549,217
Information Technology - 9.50%    
Communications Equipment - 3.96%    
Cisco Systems, Inc. 109,500 1,696,155

 

420

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

Value & Restructuring Trust (continued)  
  Shares or   
  Principal   
  Amount  Value
 
COMMON STOCKS (continued)      
Communications Equipment (continued)      
Harris Corp. (L)   168,000 $ 5,740,560
      7,436,715
Electronic Equipment, Instruments & Components - 0.49%  
Corning, Inc.   74,000 914,640
IT Services - 4.53%      
International Business Machines Corp. (L)   48,500 8,488,955
Office Electronics - 0.52%      
Xerox Corp.   139,000 968,830
 
      17,809,140
Materials - 12.21%      
Chemicals - 6.60%      
Celanese Corp., Series A   198,000 6,440,940
Lanxess AG   69,000 3,316,804
Methanex Corp.   59,100 1,231,644
PPG Industries, Inc.   19,500 1,377,870
 
      12,367,258
Metals & Mining - 5.61%      
Cliffs Natural Resources, Inc.   36,500 1,867,705
Freeport-McMoRan Copper & Gold, Inc.   126,000 3,836,700
Grupo Mexico SAB de CV, Series B   690,000 1,631,906
Molycorp, Inc. (I)(L)   15,400 506,198
Southern Copper Corp. (L)   107,500 2,686,425
 
      10,528,934
      22,896,192
Telecommunication Services - 4.51%      
Diversified Telecommunication Services - 0.60%    
Windstream Corp. (L)   97,000 1,131,020
Wireless Telecommunication Services - 3.91%    
America Movil SAB de CV,      
Series L, ADR (L)   332,000 7,330,560
 
      8,461,580
TOTAL COMMON STOCKS (Cost $191,897,981) $ 181,952,283
PREFERRED SECURITIES - 1.40%      
Energy - 0.22%      
Oil, Gas & Consumable Fuels - 0.22%      
Apache Corp., Series D, 6.000% (L) $ 8,162 $ 417,650
Financials - 1.05%      
Diversified Financial Services - 1.05%      
2009 Dole Food Automatic Common      
Exchange Security Trust, 7.000% (I)(S)   102,000 1,022,906
Citigroup, Inc., 7.500%   12,000 955,560
 
      1,978,466
      1,978,466
Materials - 0.13%      
Metals & Mining - 0.13%      
Molycorp, Inc., 5.500%   3,400 234,940
TOTAL PREFERRED SECURITIES (Cost $3,418,789) $ 2,631,056
CONVERTIBLE BONDS - 0.24%      
Financials - 0.24%      
Capital Markets - 0.24%      
Apollo Investment Corp.      
5.750%, 01/15/2016 (S) $ 500,000 $ 440,000
TOTAL CONVERTIBLE BONDS (Cost $493,407) $ 440,000

 

Value & Restructuring Trust (continued)  
    Shares or  
    Principal  
    Amount Value
 
SECURITIES LENDING COLLATERAL - 21.21%    
John Hancock Collateral      
Investment Trust, 0.2515% (W)(Y) $ 3,976,271 $ 39,783,389
TOTAL SECURITIES LENDING      
COLLATERAL (Cost $39,782,090)   $ 39,783,389
 
SHORT-TERM INVESTMENTS - 1.21%      
Repurchase Agreement - 1.21%      
Repurchase Agreement with State Street Corp.      
dated 09/30/2011 at 0.010% to be      
repurchased at $2,261,002 on 10/03/2011,      
collateralized by $2,310,000 Federal Home      
Loan Mortgage Corporation, 0.2500% due      
07/16/2012 (valued at $2,310,000,      
including interest) $ 2,261,000 $ 2,261,000
TOTAL SHORT-TERM INVESTMENTS (Cost $2,261,000) $ 2,261,000
Total Investments (Value & Restructuring Trust)    
(Cost $237,853,267) - 121.08%   $ 227,067,728
Other assets and liabilities, net - (21.08%)     (39,528,012)
 
TOTAL NET ASSETS - 100.00%   $ 187,539,716

 

Footnotes

Percentages are stated as a percent of net assets.

Key to Currency Abbreviations
ARS - Argentine Peso
AUD - Australian Dollar
BRL - Brazilian Real
CAD - Canadian Dollar
CHF - Swiss Franc
DKK - Danish Krone
EUR - Euro
GBP - British Pound
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
SEK - Swedish Krona
SGD - Singapore Dollar
 
Key to Security Abbreviations and Legend
ADR - American Depositary Receipts
EURIBOR - Euro Interbank Offered Rate
GDR - Global Depositary Receipts
IO - Interest Only Security (Interest Tranche of Stripped Mortgage
  Pool). Rate shown is the annualized yield at the end of the period.
LIBOR - London Interbank Offered Rate
PIK - Paid In Kind
PO - Principal-Only Security (Principal Tranche of Stripped Mortgage
  Pool). Rate shown is the annualized yield on date of purchase.
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).

 

421

 


John Hancock Variable Insurance Trust
(Formerly John Hancock Trust)

PORTFOLIO OF INVESTMENTS — September 30, 2011 (Unaudited) (showing percentage of total net assets)

(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 September 30, 2011.

(M) Term loans are variable rate obligations. The coupon rate shown represents the rate at period end.

(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. For more information on this security refer to the Notes to Portfolio of Investments.

(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 September 30, 2011.

(Z) Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically.

* 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.

422

 


Notes to Portfolio of Investments (Unaudited)
Nine Month Period Ended September 30, 2011

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 Portfolios’ 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 September 30, 2011, for All Cap Core 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 Bond 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 Balanced PS Series, Lifestyle Conservative Trust, Lifestyle Conservative PS Series, Lifestyle Growth Trust, Lifestyle Growth PS Series, Lifestyle Moderate Trust, Lifestyle Moderate PS Series, Small Company Growth Trust, U.S. Equity Trust and Value Trust, all investments are categorized as Level 1 under the hierarchy described above.

For 500 Index Trust, 500 Index Trust B, All Cap Value Trust, Fundamental Large Cap Trust, Growth Equity Trust, Large Cap Trust, Mid Cap Index 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 Money Market Trust, Money Market Trust B, Strategic Allocation Trust and Ultra Short Term Bond Trust, all investments are categorized as Level 2 under the hierarchy described above.

The following is a summary of the values by input classification of the Portfolios’ investments as of September 30, 2011, by major security category or type:

  Total Market Value   Level 2 Significant Level 3 Significant
  at 9-30-11 Level 1 Quoted Price Observable Inputs Unobservable Inputs
Active Bond Trust        
U.S. Government & Agency Obligations $428,829,281 - $428,829,281 -
Foreign Government Obligations 7,930,257 - 7,930,257 -
Corporate Bonds 494,209,367 - 492,696,624 $1,512,743
Capital Preferred Securities 14,304,375 - 14,304,375 -
Convertible Bonds 995,763 - 995,763 -
Term Loans 4,778,259 - 4,778,259 -
Municipal Bonds 8,580,040 - 8,580,040 -
Collateralized Mortgage Obligations 195,453,136 - 194,953,683 499,453
Asset Backed Securities 39,362,089 - 36,369,542 2,992,547

 

423

 


Common Stocks 60,519 - 9,617 50,902
Preferred Securities 5,739,884 $2,805,966 1,940,430 993,488
Securities Lending Collateral 10,932,938 10,932,938 - -
Short-Term Investments 180,596,521 178,425,521 2,171,000 -
Total Investments in Securities $1,391,772,429 $192,164,425 $1,193,558,871 $6,049,133
Sale Commitments Outstanding ($1,221,426) - ($1,221,426) -
Other Financial Instruments:        
Futures $703,777 $703,777 - -
 
Alpha Opportunities Trust        
Common Stocks        
Consumer Discretionary $122,123,681 $120,412,735 $1,710,946 -
Consumer Staples 77,360,067 67,167,999 10,192,068 -
Energy 62,158,954 49,576,834 10,043,246 $2,538,874
Financials 71,710,096 59,202,121 12,507,975 -
Health Care 90,865,535 88,786,758 2,078,777 -
Industrials 82,775,395 77,926,617 4,848,778 -
Information Technology 139,510,272 133,732,557 5,777,715 -
Materials 53,678,293 46,344,541 7,271,665 62,087
Telecommunication Services 4,422,249 4,422,249 - -
Utilities 6,509,328 6,509,328 - -
Preferred Securities        
Consumer Staples 245,200 245,200 - -
Securities Lending Collateral 55,482,413 55,482,413 - -
Short-Term Investments 86,500,000 - 86,500,000 -
Total Investments in Securities $853,341,483 $709,809,352 $140,931,170 $2,600,961
 
Balanced Trust        
Common Stocks        
Consumer Discretionary $13,518,261 $11,330,735 $2,187,526 -
Consumer Staples 4,307,988 2,816,488 1,491,500 -
Energy 7,440,771 6,704,281 736,490 -
Financials 11,840,270 8,827,472 3,012,798 -
Health Care 6,884,725 5,749,393 1,135,332 -
Industrials 10,518,153 8,645,642 1,872,511 -
Information Technology 12,893,360 11,470,037 1,257,869 $165,454
Materials 4,074,004 3,006,024 1,067,980 -
Telecommunication Services 3,008,331 2,114,912 893,419 -
Utilities 3,428,686 2,928,017 500,669 -
 
424

 


Preferred Securities        
Consumer Discretionary 294,389 150,844 143,545 -
U.S. Government & Agency Obligations 25,229,063 - 25,229,063 -
Foreign Government Obligations 662,184 - 662,184 -
Corporate Bonds 9,302,956 - 9,302,956 -
Municipal Bonds 328,101 - 328,101 -
Collateralized Mortgage Obligations 1,210,912 - 1,210,912 -
Asset Backed Securities 802,933 - 802,933 -
Investment Companies 20,266 20,266 - -
Securities Lending Collateral 5,379,852 5,379,852 - -
Short-Term Investments 1,393,991 1,393,991 - -
Total Investments in Securities $122,539,196 $70,537,954 $51,835,788 $165,454
 
Blue Chip Growth Trust        
Common Stocks        
Consumer Discretionary $353,980,956 $353,980,956 - -
Consumer Staples 10,592,080 10,592,080 - -
Energy 106,157,283 106,157,283 - -
Financials 124,579,862 124,377,458 $202,404 -
Health Care 140,083,584 140,083,584 - -
Industrials 226,146,343 226,146,343 - -
Information Technology 488,416,253 461,943,418 15,001,109 $11,471,726
Materials 63,916,828 63,916,828 - -
Telecommunication Services 33,530,205 33,530,205 - -
Securities Lending Collateral 36,759,437 36,759,437 - -
Short-Term Investments 12,538,193 12,538,193 - -
Total Investments in Securities $1,596,701,024 $1,570,025,785 $15,203,513 $11,471,726
 
Bond Trust        
U.S. Government & Agency Obligations $2,293,059,139 - $2,293,059,139 -
Foreign Government Obligations 8,269,010 - 8,269,010 -
Corporate Bonds 2,044,688,819 - 2,044,688,819 -
Municipal Bonds 9,310,408 - 9,310,408 -
Capital Preferred Securities 82,637,360 - 82,637,360 -
Collateralized Mortgage Obligations 462,283,359 - 460,997,299 $1,286,060
Asset Backed Securities 19,563,023 - 19,563,023 -
Securities Lending Collateral 79,494,232 $79,494,232 - -
Short-Term Investments 31,535,000 - 31,535,000 -
Total Investments in Securities $5,030,840,350 $79,494,232 $4,950,060,058 $1,286,060
 
425

 


Sale Commitments Outstanding ($9,200,010) - ($9,200,010) -
Other Financial Instruments:        
Futures $3,307,921 $3,307,921 - -
 
Bond PS Series        
U.S. Government & Agency Obligations $33,976,698 - $33,976,698 -
Corporate Bonds 19,829,681 - 19,829,681 -
Capital Preferred Securities 411,826 - 411,826 -
Collateralized Mortgage Obligations 1,047,848 - 1,029,188 $18,660
Asset Backed Securities 129,596 - 129,596 -
Municipal Bonds 27,557 - 27,557 -
Total Investments in Securities $55,423,206 - $55,404,546 $18,660
Sale Commitments Outstanding ($131,054) - ($131,054) -
Other Financial Instruments:        
Futures ($5,546) ($5,546) - -
 
Capital Appreciation Trust        
Common Stocks        
Consumer Discretionary $238,893,990 $224,809,622 $14,084,368 -
Consumer Staples 71,912,828 71,912,828 - -
Energy 54,594,816 54,594,816 - -
Financials 25,934,712 25,934,712 - -
Health Care 129,956,025 129,956,025 - -
Industrials 68,994,203 68,994,203 - -
Information Technology 321,850,942 321,850,942 - -
Materials 28,077,017 28,077,017 - -
Telecommunication Services 14,371,811 14,371,811 - -
Securities Lending Collateral 31,833,785 31,833,785 - -
Short-Term Investments 12,983,559 12,983,559 - -
Total Investments in Securities $999,403,688 $985,319,320 $14,084,368 -
 
Capital Appreciation Value Trust        
Common Stocks        
Consumer Discretionary $27,602,921 $27,602,921 - -
Consumer Staples 20,761,786 20,761,786 - -
Energy 24,642,356 24,642,356 - -
Financials 31,266,911 28,855,799 $2,411,112 -
Health Care 26,368,509 26,368,509 - -
Industrials 36,310,059 32,740,131 3,569,928 -
 
426

 


Information Technology 32,939,059 32,939,059 - -
Materials 450,583 450,583 - -
Telecommunication Services 8,170,975 8,170,975 - -
Utilities 3,159,598 3,159,598 - -
Preferred Securities        
Consumer Discretionary 2,252,504 2,252,504 - -
Consumer Staples 428,750 - 428,750 -
Financials 1,774,468 1,774,468 - -
Utilities 712,509 712,509 - -
Corporate Bonds 16,456,818 - 16,456,818 -
Convertible Bonds 7,068,620 - 7,068,620 -
Term Loans 31,249,504 - 31,249,504 -
Securities Lending Collateral 33,235,496 33,235,496 - -
Short-Term Investments 29,689,086 26,846,086 2,843,000 -
Total Investments in Securities $334,540,512 $270,512,780 $64,027,732 -
Other Financial Instruments:        
Written Options ($515,244) ($515,244) - -
 
Core Allocation Plus Trust        
Common Stocks        
Consumer Discretionary $16,220,601 $11,126,480 $5,094,121 -
Consumer Staples 10,199,109 9,636,750 562,359 -
Energy 9,845,064 9,072,942 772,122 -
Financials 14,662,116 10,929,505 3,732,611 -
Health Care 14,470,503 12,910,518 1,559,985 -
Industrials 12,237,372 9,168,655 3,068,717 -
Information Technology 22,537,678 20,412,607 2,125,071 -
Materials 5,270,379 2,889,356 2,381,023 -
Telecommunication Services 3,213,882 2,486,943 726,939 -
Utilities 4,385,959 4,124,446 261,513 -
Preferred Securities        
Consumer Staples 153,250 153,250 - -
U.S. Government & Agency Obligations 31,854,872 - 31,854,872 -
Foreign Government Obligations 965,301 - 965,301 -
Corporate Bonds 31,585,400 - 31,585,400 -
Capital Preferred Securities 146,538 - 146,538 -
Municipal Bonds 2,736,634 - 2,736,634 -
Collateralized Mortgage Obligations 2,370,814 - 2,370,814 -
Asset Backed Securities 629,903 - 629,903 -
 
427

 


Investment Companies 221,813 221,813 - -
Securities Lending Collateral 20,549,625 20,549,625 - -
Short-Term Investments 65,900,000 - 65,900,000 -
Total Investments in Securities $270,156,813 $113,682,890 $156,473,923 -
Other Financial Instruments:        
Futures $100,531 $100,531 - -
Forward Foreign Currency Contracts ($56,817) - ($56,817) -
Credit Default Swaps ($260,571) - ($260,571) -
 
Core Bond Trust        
U.S. Government & Agency Obligations $1,136,645,907 - $1,136,645,907 -
Foreign Government Obligations 23,346,402 - 23,346,402 -
Corporate Bonds 300,641,333 - 300,641,333 -
Municipal Bonds 20,060,341 - 20,060,341 -
Capital Preferred Securities 1,981,487 - 1,981,487 -
Collateralized Mortgage Obligations 282,660,515 - 282,660,515 -
Asset Backed Securities 121,697,763 - 118,795,783 $2,901,980
Securities Lending Collateral 63,694,283 $63,694,283 - -
Short-Term Investments 51,698,150 51,698,150 - -
Total Investments in Securities $2,002,426,181 $115,392,433 $1,884,131,768 $2,901,980
Sale Commitments Outstanding ($25,055,040) - ($25,055,040) -
 
Disciplined Diversification Trust        
Common Stocks        
Australia $4,961,291 $530,795 $4,423,077 $7,419
Austria 304,051 - 304,051 -
Bahamas 8,154 8,154 - -
Belgium 679,314 40,908 638,406 -
Bermuda 969,277 845,196 124,081 -
Brazil 2,600,720 2,600,720 - -
Canada 7,411,249 7,411,249 - -
Cayman Islands 203,088 203,088 - -
Chile 453,593 453,593 - -
China 2,104,831 407,015 1,697,816 -
Colombia 59,277 59,277 - -
Curacao 10,353 10,353 - -
Cyprus 29,780 12,399 17,381 -
Czech Republic 66,512 - 66,512 -
Denmark 574,566 159,649 414,917 -
 
428

 


Egypt 16,020 16,020 - -
Finland 784,561 45,280 739,281 -
France 4,627,431 379,287 4,248,144 -
Germany 4,284,047 704,672 3,579,375 -
Gibraltar 14,936 - 14,936 -
Greece 158,711 19,356 139,355 -
Guernsey, C.I. 78,648 78,648 - -
Hong Kong 2,755,068 358,538 2,390,682 5,848
Hungary 116,787 14,417 102,370 -
India 1,978,749 262,354 1,713,676 2,719
Indonesia 717,971 40,118 677,853 -
Ireland 1,122,191 900,861 221,330 -
Israel 402,580 213,642 188,938 -
Italy 1,431,470 220,852 1,210,618 -
Japan 14,926,960 934,558 13,967,846 24,556
Jersey, C.I. 96,266 66,398 29,868 -
Liechtenstein 2,439 - 2,439 -
Luxembourg 236,011 74,637 161,374 -
Macau 33,111 - 33,111 -
Malaysia 850,541 - 850,541 -
Mexico 1,048,794 1,012,868 35,926 -
Netherlands 2,888,478 1,429,256 1,459,203 19
New Zealand 200,593 - 200,593 -
Norway 537,430 103,440 433,990 -
Papua New Guinea 35,630 - 35,630 -
Peru 68,947 60,735 8,212 -
Philippines 238,795 9,906 228,889 -
Poland 327,526 - 327,526 -
Portugal 202,536 - 202,536 -
Puerto Rico 30,674 30,674 - -
Russia 746,155 161,416 584,739 -
Singapore 1,151,730 - 1,151,730 -
South Africa 1,672,090 306,873 1,365,217 -
South Korea 3,290,432 329,806 2,960,626 -
Spain 1,868,859 569,232 1,299,627 -
Sweden 1,969,474 91,775 1,877,699 -
Switzerland 5,185,998 1,085,661 4,100,337 -
Taiwan 2,607,368 87,122 2,510,399 9,847
Thailand 464,122 - 464,122 -
 
429

 


Turkey 388,694 19,176 369,518 -
Ukraine 4,773 - 4,773 -
United Arab Emirates 34,910 - 34,910 -
United Kingdom 11,927,916 5,347,112 6,580,804 -
United States 122,290,263 122,255,401 34,861 1
Virgin Islands 20,864 20,864 - -
Preferred Securities        
Brazil 441,146 441,146 - -
Chile 16,781 16,781 - -
Germany 49,306 - 49,306 -
U.S. Government & Agency Obligations 101,888,885 - 101,888,885 -
Warrants 17 17 - -
Rights 7,357 5,736 1,621 -
Securities Lending Collateral 8,960,245 8,960,245 - -
Short-Term Investments 2,439,207 2,439,207 - -
Total Investments in Securities $328,076,549 $161,856,483 $166,169,657 $50,409
 
Emerging Markets Value Trust        
Common Stocks        
Brazil $91,252,558 $91,252,558 - -
Chile 16,636,519 16,636,519 - -
China 71,644,387 14,925,476 $56,499,184 $219,727
Czech Republic 2,934,107 - 2,934,107 -
Hong Kong 44,230,504 4,374,739 39,327,468 528,297
Hungary 450,719 - 450,719 -
India 77,869,196 23,140,477 54,668,925 59,794
Indonesia 22,899,522 - 22,751,000 148,522
Israel 233,563 - 2 233,561
Malaysia 34,595,324 - 34,595,324 -
Mexico 42,920,174 42,920,174 - -
Philippines 6,189,789 - 6,189,789 -
Poland 14,530,416 - 14,530,416 -
Russia 43,518,115 9,124,883 34,393,232 -
South Africa 76,381,922 19,990,439 56,391,483 -
South Korea 122,512,669 31,486,681 91,023,918 2,070
Taiwan 103,105,006 3,581,662 99,519,093 4,251
Thailand 17,308,260 - 17,308,260 -
Turkey 18,103,828 - 18,103,828 -
Preferred Securities        
 
430

 


Brazil 19,509,957 19,509,957 - -
India 19,664 - 19,664 -
Malaysia 100,490 - 100,490 -
Rights 102,441 19 102,422 -
Warrants 16,346 16,335 11 -
Securities Lending Collateral 63,168,651 63,168,651 - -
Short-Term Investments 32,782,556 32,782,556 - -
Total Investments in Securities $923,016,683 $372,911,126 $548,909,335 $1,196,222
 
Equity-Income Trust        
Common Stocks        
Consumer Discretionary $246,464,920 $241,524,891 $4,940,029 -
Consumer Staples 145,290,634 145,290,634 - -
Energy 231,598,393 231,598,393 - -
Financials 327,352,311 327,352,311 - -
Health Care 113,684,264 113,684,264 - -
Industrials 212,414,385 212,414,385 - -
Information Technology 130,039,691 130,039,691 - -
Materials 96,933,783 96,933,783 - -
Telecommunication Services 82,125,058 66,752,836 15,372,222 -
Utilities 166,918,222 166,918,222 - -
Preferred Securities        
Consumer Discretionary 11,030,906 11,030,906 - -
Securities Lending Collateral 118,553,040 118,553,040 - -
Short-Term Investments 68,609,727 68,609,727 - -
Total Investments in Securities $1,951,015,334 $1,930,703,083 $20,312,251 -
 
Financial Services Trust        
Common Stocks        
Consumer Discretionary $2,137,663 $2,137,663 - -
Consumer Staples 3,049,064 3,049,064 - -
Energy 3,995,940 3,995,940 - -
Financials 109,245,699 78,394,455 $15,949,872 $14,901,372
Industrials 6,276,570 6,276,570 - -
Information Technology 5,255,106 5,255,106 - -
Materials 417,584 - - 417,584
Securities Lending Collateral 12,955,466 12,955,466 - -
Short-Term Investments 1,510,994 - 1,510,994 -
Total Investments in Securities $144,844,086 $112,064,264 $17,460,866 $15,318,956
 
431

 


Fundamental All Cap Core Trust        
Common Stocks        
Consumer Discretionary $241,289,474 $241,289,474 - -
Consumer Staples 39,010,656 23,920,153 $15,090,503 -
Energy 90,185,395 90,185,395 - -
Financials 174,980,457 174,980,457 - -
Health Care 123,858,808 123,858,808 - -
Industrials 100,946,839 100,946,839 - -
Information Technology 296,734,684 296,734,684 - -
Materials 20,407,515 20,407,515 - -
Short-Term Investments 10,750,000 - 10,750,000 -
Total Investments in Securities $1,098,163,828 $1,072,323,325 $25,840,503 -
 
Fundamental Value Trust        
Common Stocks        
Consumer Discretionary $93,337,558 $87,414,231 $5,923,327 -
Consumer Staples 247,078,447 228,535,412 18,543,035 -
Energy 163,039,476 157,350,900 5,688,576 -
Financials 429,550,671 389,958,345 39,592,326 -
Health Care 174,667,915 158,032,747 16,635,168 -
Industrials 79,781,958 49,509,875 30,272,083 -
Information Technology 98,008,039 98,008,039 - -
Materials 77,425,866 60,671,048 16,033,583 $721,235
Telecommunication Services 2,746,754 2,746,754 - -
Preferred Securities        
Materials 359,670 359,670 - -
Convertible Bonds        
Materials 843,466 - 843,466 -
Securities Lending Collateral 69,234,116 69,234,116 - -
Short-Term Investments 71,183,139 - 71,183,139 -
Total Investments in Securities $1,507,257,075 $1,301,821,137 $204,714,703 $721,235
 
Global Trust        
Common Stocks        
Austria $2,952,617 - $2,952,617 -
Bermuda 3,845,864 $3,845,864 - -
Brazil 4,385,780 4,385,780 - -
China 3,282,646 3,282,646 - -
 
432

 


Denmark 2,394,978 - 2,394,978 -
France 47,475,818 - 47,475,818 -
Germany 27,834,822 - 27,834,822 -
Hong Kong 6,047,085 - 6,047,085 -
India 2,888,010 2,888,010 - -
Ireland 10,132,624 3,725,883 6,406,741 -
Italy 13,057,221 - 13,057,221 -
Japan 25,753,480 - 25,753,480 -
Netherlands 35,179,253 - 35,179,253 -
Norway 3,728,085 - 3,728,085 -
Russia 4,506,454 4,506,454 - -
Singapore 17,330,350 3,503,887 13,826,463 -
South Korea 14,584,448 4,616,146 9,968,302 -
Spain 4,136,017 - 4,136,017 -
Sweden 4,091,868 - 4,091,868 -
Switzerland 45,284,515 12,549,804 32,734,711 -
Taiwan 5,986,962 - 5,986,962 -
Turkey 4,311,780 4,311,780 - -
United Kingdom 56,034,817 - 56,034,817 -
United States 180,650,606 180,650,606 - -
Venezuela 5,938,408 - 5,938,408 -
Securities Lending Collateral 36,333,466 36,333,466 - -
Short-Term Investments 9,000,000 - 9,000,000 -
Total Investments in Securities $577,147,974 $264,600,326 $312,547,648 -
 
Global Bond Trust        
U.S. Government & Agency Obligations $179,716,344 - $179,716,344 -
Foreign Government Obligations 242,490,548 - 242,490,548 -
Corporate Bonds 448,008,303 - 447,228,694 $779,609
Municipal Bonds 32,688,391 - 32,688,391 -
Capital Preferred Securities 2,717,037 - 2,717,037 -
Collateralized Mortgage Obligations 134,056,135 - 134,056,135 -
Asset Backed Securities 30,605,772 - 29,483,617 1,122,155
Term Loans 5,895,277 - 5,895,277 -
Preferred Securities 2,168,503 $203,840 - 1,964,663
Short-Term Investments 57,899,667 - 57,899,667 -
Total Investments in Securities $1,136,245,977 $203,840 $1,132,175,710 $3,866,427
Other Financial Instruments:        
Futures $962,771 $962,771 - -
 
433

 


Forward Foreign Currency Contracts $6,214,337 - $6,214,337 -
Written Options ($565,694) ($19,375) ($355,354) ($190,965)
Interest Rate Swaps ($637,053) - ($624,525) ($12,528)
Credit Default Swaps ($2,615,015) - ($2,615,015) -
 
Health Sciences Trust        
Common Stocks        
Consumer Staples $975,412 $975,412 - -
Health Care 139,498,693 129,197,594 $10,301,099 -
Industrials 283,932 283,932 - -
Information Technology 2,019,653 2,019,653 - -
Materials 1,086,724 1,086,724 - -
Preferred Securities        
Health Care 113,098 - - $113,098
Convertible Bonds        
Health Care 98,198 - 98,198 -
Warrants 32,891 - 32,891 -
Options Purchased 35,443 35,443    
Short-Term Investments 1,174,951 1,174,951 - -
Total Investments in Securities $145,318,995 $134,773,709 $10,432,188 $113,098
Other Financial Instruments:        
Written Options ($4,652,159) ($4,652,159) - -
 
Heritage Trust        
Common Stocks        
Consumer Discretionary $22,307,075 $22,307,075 - -
Consumer Staples 10,822,606 10,822,606 - -
Energy 9,874,215 9,874,215 - -
Financials 3,551,740 3,551,740 - -
Health Care 19,405,745 18,406,855 $998,890 -
Industrials 17,217,291 17,217,291 - -
Information Technology 23,692,350 22,915,196 777,154 -
Materials 5,681,291 5,681,291 - -
Telecommunication Services 2,196,889 2,196,889 - -
Utilities 1,041,752 1,041,752 - -
Securities Lending Collateral 15,723,109 15,723,109 - -
Short-Term Investments 3,854,780 3,854,780 - -
Total Investments in Securities $135,368,843 $133,592,799 $1,776,044 -
Other Financial Instruments:        
 
434

 


Forward Foreign Currency Contracts $13,791 - $13,791 -
 
High Yield Trust        
Foreign Government Obligations $7,455,216 - $7,360,931 $94,285
Corporate Bonds 156,554,736 - 155,004,384 1,550,352
Capital Preferred Securities 3,237,111 - 3,237,111 -
Convertible Bonds 3,602,838 - 3,602,838 -
Term Loans 6,792,703 - 6,782,806 9,897
Common Stocks 10,284,604 $6,302,388 33,750 3,948,466
Preferred Securities 10,054,397 7,685,604 2,330,813 37,980
Warrants 818,991 327,430 159,741 331,820
Securities Lending Collateral 1,810,523 1,810,523 - -
Short-Term Investments 146,952 - 146,952 -
Total Investments in Securities $200,758,071 $16,125,945 $178,659,326 $5,972,800
Other Financial Instruments:        
Futures $661,186 $661,186 - -
Forward Foreign Currency Contracts $170,140 - $170,140 -
 
Income Trust        
Corporate Bonds $169,954,513 - $166,869,436 $3,085,077
Capital Preferred Securities 5,673,600 - 5,673,600 -
Convertible Bonds 2,875,206 - 2,875,206 -
Structured Notes 1,864,220 - 1,864,220 -
Municipal Bonds 1,295,678 - 1,295,678 -
Term Loans 22,038,190 - 22,038,190 -
Collateralized Mortgage Obligations 1,721,978 - 1,721,978 -
Common Stocks 148,274,588 $129,306,342 18,968,246 -
Preferred Securities 23,784,314 16,749,116 7,035,198 -
Warrants 413,017 413,017 - -
Securities Lending Collateral 16,407,596 16,407,596 - -
Short-Term Investments 13,440,000 - 13,440,000 -
Total Investments in Securities $407,742,900 $162,876,071 $241,781,752 $3,085,077
 
International Core Trust        
Common Stocks        
Australia $26,939,346 - $26,939,346 -
Austria 3,727,807 - 3,727,807 -
Belgium 3,627,501 - 3,627,501 -
Bermuda 173,112 - 173,112 -
 
435

 


Canada 15,427,293 $15,427,293 - -
Denmark 4,771,871 - 4,771,871 -
Finland 3,390,647 - 3,390,647 -
France 65,330,725 - 65,330,725 -
Germany 43,230,121 - 43,230,121 -
Greece 1,986,607 - 1,986,607 -
Hong Kong 9,924,353 - 9,924,353 -
Ireland 6,853,372 - 6,853,372 -
Israel 1,525,191 - 1,525,191 -
Italy 32,790,862 - 32,790,862 -
Japan 152,781,304 - 152,431,548 $349,756
Jersey, C.I. 377,703 - 377,703 -
Netherlands 22,662,325 - 22,662,325 -
New Zealand 3,430,052 - 3,430,052 -
Norway 552,091 - 552,091 -
Portugal 766,947 - 766,947 -
Singapore 9,798,581 - 9,798,581 -
Spain 24,905,284 - 24,905,284 -
Sweden 6,396,406 - 6,396,406 -
Switzerland 24,040,784 - 24,040,784 -
United Kingdom 103,803,770 - 103,803,770 -
United States 213,512 - 213,512 -
Venezuela 738,766 - 738,766 -
Preferred Securities        
Germany 5,813,666 - 5,813,666 -
Rights 14,901 14,901 - -
Securities Lending Collateral 17,332,377 17,332,377 - -
Short-Term Investments 26,015,664 26,015,664 - -
Total Investments in Securities $619,342,941 $58,790,235 $560,202,950 $349,756
Other Financial Instruments:        
Forward Foreign Currency Contracts ($1,399,749) - ($1,399,749) -
 
 
International Equity Index Trust A        
Common Stocks        
Australia $14,872,213 - $14,872,213 -
Austria 464,449 - 464,449 -
Belgium 1,753,993 - 1,753,993 -
Bermuda 204,570 - 204,570 -
 
436

 


Brazil 3,799,715 $3,799,715 - -
Canada 21,583,365 21,583,365 - -
Chile 890,338 890,338 - -
China 7,608,385 - 7,608,385 -
Colombia 544,743 544,743 - -
Cyprus 22,323 - 22,323 -
Czech Republic 231,692 - 231,692 -
Denmark 1,933,100 - 1,933,100 -
Egypt 162,761 - 162,761 -
Finland 1,737,751 - 1,737,751 -
France 15,342,570 - 15,342,570 -
Germany 12,469,999 - 12,469,999 -
Greece 262,657 - 262,657 -
Hong Kong 7,235,357 - 7,223,398 $11,959
Hungary 180,093 - 180,093 -
India 4,056,202 3,715,066 341,136 -
Indonesia 1,880,705 - 1,880,705 -
Ireland 1,258,365 30,977 1,227,388 -
Israel 1,236,789 - 1,236,789 -
Italy 4,058,720 - 4,058,720 -
Japan 39,500,483 - 39,457,215 43,268
Jersey, C.I. 183,742 - 183,742 -
Luxembourg 697,300 - 697,300 -
Macau 165,924 - 165,924 -
Malaysia 2,010,950 - 2,010,950 -
Mexico 2,896,967 2,826,862 70,105 -
Netherlands 8,722,150 - 8,722,150 -
New Zealand 293,444 - 293,444 -
Norway 1,489,320 - 1,489,320 -
Peru 418,878 418,878 - -
Philippines 393,104 - 393,104 -
Poland 779,316 - 779,316 -
Portugal 444,559 - 444,559 -
Russia 3,970,484 3,102,248 868,236 -
Singapore 3,083,549 - 3,083,549 -
South Africa 4,985,452 - 4,985,452 -
South Korea 8,804,556 38,690 8,765,866 -
 
437

 


Spain 6,129,048 - 6,129,048 -
Sweden 4,374,661 - 4,374,661 -
Switzerland 16,558,058 - 16,558,058 -
Taiwan 5,704,352 - 5,632,363 71,989
Thailand 1,236,113 - 1,236,113 -
Turkey 1,023,181 - 1,023,181 -
Ukraine 15,071 - 15,071 -
United Kingdom 34,405,984 - 34,405,984 -
United States 346,490 73,148 273,342 -
Preferred Securities        
Brazil 4,917,030 4,917,030 - -
Germany 757,402 - 757,402 -
South Korea 283,421 - 283,421 -
Rights 17,947 13,592 4,355 -
Warrants 2,485 2,485 - -
Securities Lending Collateral 8,855,347 8,855,347 - -
Short-Term Investments 3,458,181 3,458,181 - -
Total Investments in Securities $270,715,804 $54,270,665 $216,317,923 $127,216
Other Financial Instruments:        
Futures $223,145 $223,145 - -
Forward Foreign Currency Contracts ($334,267) - ($334,267) -
 
International Equity Index Trust B        
Common Stocks        
Australia $14,648,694 - $14,648,694 -
Austria 445,629 - 445,629 -
Belgium 1,716,496 - 1,716,496 -
Bermuda 173,082 - 173,082 -
Brazil 4,101,155 $4,101,155 - -
Canada 20,866,839 20,866,839 - -
Chile 1,018,323 750,835 267,488 -
China 7,479,348 - 7,479,348 -
Colombia 525,440 525,440 - -
Cyprus 25,480 - 25,480 -
Czech Republic 251,213 - 251,213 -
Denmark 1,848,673 - 1,848,673 -
Egypt 209,627 - 209,627 -
 
438

 


Finland 1,614,870 - 1,614,870 -
France 15,142,544 - 15,142,544 -
Germany 12,705,732 - 12,705,732 -
Greece 238,077 - 238,077 -
Hong Kong 7,271,968 - 7,257,318 $14,650
Hungary 168,266 - 168,266 -
India 4,150,228 3,954,516 195,712 -
Indonesia 1,775,797 6,491 1,769,306 -
Ireland 1,319,907 44,702 1,275,205 -
Israel 1,220,418 - 1,220,418 -
Italy 3,943,409 - 3,943,409 -
Japan 39,515,767 - 39,460,811 54,956
Jersey, C.I. 174,010 - 174,010 -
Luxembourg 730,540 - 730,540 -
Macau 167,484 - 167,484 -
Malaysia 2,010,817 - 2,010,817 -
Mauritius 26,769 - 26,769 -
Mexico 2,748,305 2,662,968 85,337 -
Netherlands 8,368,558 - 8,368,558 -
New Zealand 208,941 - 208,941 -
Norway 1,340,618 - 1,340,618 -
Peru 546,720 546,720 - -
Philippines 403,537 - 403,537 -
Poland 788,009 - 788,009 -
Portugal 395,143 - 395,143 -
Russia 3,461,039 3,094,770 366,269 -
Singapore 3,045,354 - 3,045,354 -
South Africa 4,612,938 - 4,612,938 -
South Korea 8,651,234 203,192 8,448,042 -
Spain 6,224,759 - 6,224,759 -
Sweden 4,740,307 - 4,740,307 -
Switzerland 16,187,718 - 16,187,718 -
Taiwan 5,970,557 - 5,882,320 88,237
Thailand 1,226,164 - 1,226,164 -
Turkey 846,286 - 846,286 -
Ukraine 15,016 - 15,016 -
United Kingdom 34,048,152 - 34,048,152 -
 
439

 


United States 314,129 76,205 237,924 -
Preferred Securities        
Brazil 4,897,724 4,897,724 - -
Germany 788,558 - 788,558 -
Malaysia 648 - 648 -
South Korea 242,048 - 242,048 -
Rights 17,726 14,874 2,852 -
Warrants 2,473 2,473 - -
Securities Lending Collateral 11,133,938 11,133,938 - -
Short-Term Investments 2,876,403 2,876,403 - -
Total Investments in Securities $269,589,604 $55,759,245 $213,672,516 $157,843
Other Financial Instruments:        
Futures $81,933 $81,933 - -
Forward Foreign Currency Contracts ($294,143) - ($294,143) -
 
International Growth Stock Trust        
Common Stocks        
Australia $11,287,349 - $11,287,349 -
Belgium 3,624,356 - 3,624,356 -
Brazil 4,486,497 $4,486,497 - -
Canada 10,840,985 10,840,985 - -
China 2,826,274 - 2,826,274 -
Denmark 2,802,525 - 2,802,525 -
France 14,304,879 - 14,304,879 -
Germany 10,744,888 - 10,744,888 -
Hong Kong 3,428,566 - 3,428,566 -
India 1,844,444 1,844,444 - -
Ireland 3,686,092 - 3,686,092 -
Israel 3,059,335 3,059,335 - -
Japan 20,847,364 - 20,847,364 -
Mexico 6,621,643 6,621,643 - -
Netherlands 8,391,406 638,653 7,752,753 -
Russia 1,755,184 - 1,755,184 -
Singapore 4,697,292 - 4,697,292 -
South Korea 5,992,287 - 5,992,287 -
Sweden 6,505,617 - 6,505,617 -
Switzerland 17,757,327 - 17,757,327 -
 
440

 


Taiwan 2,628,282 - 2,628,282 -
Turkey 1,681,783 - 1,681,783 -
United Kingdom 31,753,979 - 31,753,979 -
Preferred Securities        
Germany 1,461,252 - 1,461,252 -
Short-Term Investments 18,090,521 18,090,521 - -
Total Investments in Securities $201,120,127 $45,582,078 $155,538,049 -
 
International Index Trust        
Common Stocks        
Australia $146,023,089 - $146,023,089 -
Austria 4,510,806 - 4,510,806 -
Belgium 16,762,710 - 16,762,710 -
Bermuda 1,754,087 - 1,754,087 -
China 447,916 - 447,916 -
Cyprus 249,762 - 249,762 -
Denmark 17,654,578 - 17,654,578 -
Finland 15,650,126 - 15,650,126 -
France 152,402,398 - 152,402,398 -
Germany 127,582,481 - 127,582,481 -
Greece 2,321,665 - 2,321,665 -
Hong Kong 45,886,611 - 45,886,611 -
Ireland 12,664,438 $309,567 12,354,871 -
Israel 11,613,411 - 11,613,411 -
Italy 39,715,727 - 39,715,727  
Japan 403,209,968 - 402,645,181 $564,787
Jersey, C.I. 1,708,957 - 1,708,957 -
Luxembourg 6,654,883 - 6,654,883 -
Macau 1,724,396 - 1,724,396 -
Mauritius 238,557 - 238,557 -
Mexico 833,362 - 833,362 -
Netherlands 83,042,186 - 83,042,186 -
New Zealand 2,316,582 - 2,316,582 -
Norway 12,772,862 - 12,772,862 -
Portugal 4,156,343 - 4,156,343 -
Singapore 29,046,228 - 29,046,228 -
Spain 60,949,215 - 60,949,215 -
 
441

 


Sweden 48,715,495 - 48,715,495 -
Switzerland 157,177,405 - 157,177,405 -
United Kingdom 336,677,830 - 336,677,830 -
United States 3,286,097 880,612 2,405,485 -
Preferred Securities        
Germany 7,901,401 - 7,901,401 -
United States 76,994,726 76,994,726 - -
Rights 134,688 134,688 - -
Securities Lending Collateral 25,931,699 25,931,699 - -
Short-Term Investments 22,390,999 - 22,390,999 -
Total Investments in Securities $1,881,103,684 $104,251,292 $1,776,287,605 $564,787
Other Financial Instruments:        
Futures ($794,161) ($794,161) - -
 
International Opportunities Trust        
Common Stocks        
Argentina $8,659,675 $8,659,675 - -
Belgium 9,652,398 - $9,652,398 -
Brazil 18,023,843 18,023,843 - -
Canada 27,229,293 27,229,293 - -
China 16,084,606 12,404,803 3,679,803 -
Denmark 10,553,245 - 10,553,245 -
France 19,406,777 - 19,406,777 -
Germany 24,085,858 - 24,085,858 -
Hong Kong 27,725,687 - 27,725,687 -
India 4,718,899 4,718,899 - -
Ireland 20,243,953 6,517,306 13,726,647 -
Italy 1,266,443 - 1,266,443 -
Japan 40,135,602 - 40,135,602 -
Luxembourg 9,890,576 9,890,576 - -
Mexico 3,974,412 3,974,412 - -
Netherlands 21,112,456 9,265,096 11,847,360 -
Singapore 5,521,204 - 5,521,204 -
Spain 7,628,779 - 7,628,779 -
Sweden 3,629,701 - 3,629,701 -
Switzerland 39,817,013 - 39,817,013 -
Taiwan 11,133,906 11,133,906 - -
 
442

 


United Kingdom 40,362,921 - 40,362,921 -
United States 5,725,805 5,725,805 - -
Short-Term Investments 17,007,669 17,007,669 - -
Total Investments in Securities $393,590,721 $134,551,283 $259,039,438 -
Other Financial Instruments:        
Forward Foreign Currency Contracts ($1,291,969) - ($1,291,969) -
 
International Small Company Trust        
Common Stocks        
Australia $7,760,581 $245,468 $7,473,265 $41,848
Austria 761,697 - 761,697 -
Belgium 1,269,022 - 1,269,022 -
Bermuda 498,747 - 498,747 -
Canada 9,863,319 9,838,015 25,283 21
Channel Islands 35,247 - 35,247 -
China 54,268 - 54,268 -
Cyprus 60,512 - 60,512 -
Denmark 878,473 - 878,473 -
Finland 2,208,736 - 2,208,736 -
France 3,341,533 - 3,341,533 -
Germany 4,705,832 - 4,705,832 -
Gibraltar 141,369 - 141,369 -
Greece 684,572 - 684,572 -
Hong Kong 2,116,941 - 2,057,946 58,995
Ireland 1,271,114 - 1,271,114 -
Isle Of Man 17,414 - 17,414 -
Israel 545,338 - 545,338 -
Italy 2,526,709 - 2,526,709 -
Japan 27,373,141 - 27,343,063 30,078
Jersey, C.I. 1,800 - 1,800 -
Liechtenstein 127,509 - 127,509 -
Luxembourg 88,239 - 88,239 -
Netherlands 1,765,749 - 1,765,749 -
New Zealand 776,488 - 776,488 -
Norway 856,136 - 856,136 -
Papua New Guinea 12,056 - 12,056 -
Peru 53,965 - 53,965 -
 
443

 


Portugal 344,722 - 344,722 -
Russia 4,725 - 4,725 -
Singapore 1,183,777 - 1,183,777 -
South Africa 60,559 60,559 - -
Spain 1,966,204 - 1,966,204 -
Sweden 2,475,114 - 2,475,114 -
Switzerland 4,537,961 - 4,537,961 -
United Arab Emirates 135,702 - 135,702 -
United Kingdom 17,533,165 - 17,533,165 -
United States 291,642 201,934 89,708 -
Convertible Bonds        
Spain 6,797 - 6,797 -
Rights 21 - 21 -
Warrants 2,854 2,854 - -
Securities Lending Collateral 2,467,477 2,467,477 - -
Short-Term Investments 4,028,319 4,028,319 - -
Total Investments in Securities $104,835,546 $16,844,626 $87,859,978 $130,942
 
International Value Trust        
Common Stocks        
Australia $7,065,628 - $7,065,628 -
Austria 7,414,380 - 7,414,380 -
Bermuda 4,024,267 $4,024,267 - -
Brazil 6,667,080 6,667,080 - -
Canada 7,687,439 7,687,439 - -
China 8,581,754 - 8,581,754 -
Denmark 17,608,849 - 17,608,849 -
France 112,898,879 - 112,898,879 -
Germany 65,452,520 - 65,452,520 -
Hong Kong 10,014,197 - 10,014,197 -
India 9,988,593 - 9,988,593 -
Ireland 7,087,279 633,064 6,454,215 -
Italy 13,876,978 - 13,876,978 -
Japan 74,129,247 - 74,129,247 -
Netherlands 91,472,755 - 91,472,755 -
Norway 43,302,484 - 43,302,484 -
Russia 11,595,204 11,551,203 44,001 -
 
444

 


Singapore 28,487,312 12,489,423 15,997,889 -
South Korea 57,869,880 16,779,770 41,090,110 -
Spain 17,424,721 - 17,424,721 -
Sweden 7,130,678 - 7,130,678 -
Switzerland 89,214,207 5,705,347 83,508,860 -
Taiwan 45,315,732 - 45,315,732 -
United Kingdom 143,835,429 - 143,835,429 -
Venezuela 18,415,329 - 18,415,329 -
Securities Lending Collateral 12,113,741 12,113,741 - -
Short-Term Investments 29,000,000 - 29,000,000 -
Total Investments in Securities $947,674,562 $77,651,334 $870,023,228 -
 
Investment Quality Bond Trust        
U.S. Government & Agency Obligations $158,987,670 - $158,987,670 -
Foreign Government Obligations 5,971,528 - 5,971,528 -
Corporate Bonds 174,843,820 - 174,843,820 -
Capital Preferred Securities 1,852,012 - 1,852,012 -
Convertible Bonds 66,563 - 66,563 -
Municipal Bonds 19,724,950 - 19,724,950 -
Collateralized Mortgage Obligations 12,095,246 - 12,095,246 -
Asset Backed Securities 8,791,361 - 8,791,361 -
Short-Term Investments 104,400,000 - 104,400,000 -
Total Investments in Securities $486,733,150 - $486,733,150 -
Other Financial Instruments:        
Futures $214,334 $214,334 - -
Forward Foreign Currency Contracts $201,447 - $201,447 -
Interest Rate Swaps ($1,690,003) - ($1,690,003) -
Credit Default Swaps ($1,343,069) - ($1,343,069) -
 
Mid Cap Stock Trust        
Common Stocks        
Consumer Discretionary $152,189,098 $142,406,630 $9,782,468 -
Consumer Staples 30,304,565 30,304,565 - -
Energy 56,412,852 44,926,585 3,833,789 $7,652,478
Financials 6,028,168 669,338 5,358,830 -
Health Care 123,128,875 123,128,875 - -
Industrials 60,806,993 60,806,993 - -
Information Technology 203,314,437 199,969,446 3,344,991 -
 
445

 


Materials 19,723,207 19,723,207 - -
Securities Lending Collateral 124,432,589 124,432,589 - -
Short-Term Investments 38,500,000 - 38,500,000 -
Total Investments in Securities $814,840,784 $746,368,228 $60,820,078 $7,652,478
 
Mid Cap Value Equity Trust        
Common Stocks        
Consumer Discretionary $15,073,055 $15,073,055 - -
Consumer Staples 7,640,687 7,640,687 - -
Energy 11,344,287 11,344,287 - -
Financials 19,646,809 19,646,809 - -
Health Care 13,630,569 13,630,569 - -
Industrials 17,568,930 17,568,930 - -
Information Technology 7,844,461 7,844,461 - -
Materials 7,704,874 7,704,874 - -
Telecommunication Services 3,048,637 3,048,637 - -
Utilities 9,162,099 9,162,099 - -
Convertible Bonds        
Materials 108,636 - $108,636 -
Securities Lending Collateral 19,942,563 19,942,563 - -
Short-Term Investments 5,400,000 - 5,400,000 -
Total Investments in Securities $138,115,607 $132,606,971 $5,508,636 -
 
Mid Value Trust        
Common Stocks        
Consumer Discretionary $111,060,094 $108,082,172 $2,977,922 -
Consumer Staples 51,082,446 51,082,446 - -
Energy 47,394,043 47,394,043 - -
Financials 147,724,682 147,724,682 - -
Health Care 41,689,958 41,689,958 - -
Industrials 58,234,464 58,234,464 - -
Information Technology 45,962,070 45,962,070 - -
Materials 36,377,485 36,377,485 - -
Telecommunication Services 7,557,667 7,557,667 - -
Utilities 70,107,120 70,107,120 - -
Preferred Securities        
Financials 891,750 - 891,750 -
Utilities 831,000 831,000 - -
Convertible Bonds        
 
446

 


Financials 1,433,360 - 1,433,360 -
Industrials 2,550,360 - 2,550,360 -
Telecommunication Services 4,899,570 - 4,899,570 -
Securities Lending Collateral 137,754,674 137,754,674 - -
Short-Term Investments 50,743,994 50,743,994 - -
Total Investments in Securities $816,294,737 $803,541,775 $12,752,962 -
 
Mutual Shares Trust        
Common Stocks        
Consumer Discretionary $41,160,698 $33,957,255 $7,203,443 -
Consumer Staples 122,747,586 79,283,420 43,464,166 -
Energy 43,833,183 32,097,767 11,735,416 -
Financials 71,590,897 57,718,432 11,551,770 $2,320,695
Health Care 69,885,141 69,885,141 - -
Industrials 25,669,021 17,648,334 8,020,687 -
Information Technology 43,914,299 41,923,879 1,990,420 -
Materials 20,749,959 11,158,952 9,591,007 -
Telecommunication Services 11,761,327 - 11,761,327 -
Utilities 22,549,588 14,185,331 8,364,257 -
Corporate Bonds 8,188,204 - 8,188,204 -
Term Loans 16,005,772 - 16,005,772 -
Rights 96,456 96,456 - -
Securities Lending Collateral 30,832,928 30,832,928 - -
Short-Term Investments 46,309,502 - 46,309,502 -
Total Investments in Securities $575,294,561 $388,787,895 $184,185,971 $2,320,695
Other Financial Instruments:        
Forward Foreign Currency Contracts $3,877,913 - $3,877,913 -
 
Natural Resources Trust        
Common Stocks        
Energy $108,729,803 $92,010,278 $16,719,525 -
Industrials 4,189,582 - 4,189,582 -
Materials 70,776,802 37,614,301 32,972,264 $190,237
Warrants 2,556,298 - 2,556,298 -
Securities Lending Collateral 25,564,436 25,564,436 - -
Short-Term Investments 9,800,000 - 9,800,000 -
Total Investments in Securities $221,616,921 $155,189,015 $66,237,669 $190,237
 
New Income Trust        
 
447

 


U.S. Government & Agency Obligations $1,456,286,432 - $1,456,286,432 -
Foreign Government Obligations 64,989,337 - 64,989,337 -
Corporate Bonds 765,374,816 - 765,374,816 -
Municipal Bonds 44,769,756 - 44,769,756 -
Term Loans 90,497,155 - 90,497,155 -
Collateralized Mortgage Obligations 176,311,415 - 176,311,415 -
Asset Backed Securities 97,982,406 - 97,982,406 -
Capital Preferred Securities 19,194,628 - 19,194,628 -
Securities Lending Collateral 1,585,332 $1,585,332 - -
Short-Term Investments 11,733,176 9,343,966 2,389,210 -
Total Investments in Securities $2,728,724,453 $10,929,298 $2,717,795,155 -
Other Financial Instruments:        
Futures $30,211 $30,211 - -
Forward Foreign Currency Contracts $1,601,858 - $1,601,858 -
 
Real Return Bond Trust        
U.S. Government & Agency Obligations $111,580,370 - $111,580,370 -
Foreign Government Obligations 8,323,880 - 8,323,880 -
Corporate Bonds 44,024,972 - 44,024,972 -
Municipal Bonds 299,376 - 299,376 -
Collateralized Mortgage Obligations 11,740,109 - 11,740,109 -
Asset Backed Securities 5,636,612 - 5,412,181 $224,431
Preferred Securities 619,836 $619,836 - -
Options Purchased 976 - 976 -
Short-Term Investments 12,720,900 - 12,720,900 -
Total Investments in Securities $194,947,031 $619,836 $194,102,764 $224,431
Other Financial Instruments:        
Futures $222,503 $222,503 - -
Forward Foreign Currency Contracts $332,277 - $332,277 -
Written Options ($321,863) - ($262,634) ($59,229)
Interest Rate Swaps $63,077 - $63,077 -
Credit Default Swaps $87,977 - $87,977 -
 
Science & Technology Trust        
Common Stocks        
Consumer Discretionary $19,080,156 $19,080,156 - -
Health Care 4,756,775 4,756,775 - -
Industrials 1,479,192 1,479,192 - -
Information Technology 300,548,049 276,757,009 $22,139,310 $1,651,730
 
448

 


Materials 3,355,311 3,355,311 - -
Preferred Securities        
Information Technology 3,520,527 - - 3,520,527
Securities Lending Collateral 39,284,740 39,284,740 - -
Short-Term Investments 17,071,314 4,569,314 12,502,000 -
Total Investments in Securities $389,096,064 $349,282,497 $34,641,310 $5,172,257
 
Short Term Government Income Trust        
U.S. Government & Agency Obligations $511,964,077 - $511,964,077 -
Collateralized Mortgage Obligations 42,221,108 - 42,221,108 -
Preferred Securities 133,793 $133,793 - -
Securities Lending Collateral 5,175,546 5,175,546 - -
Short-Term Investments 141,000 - 141,000 -
Total Investments in Securities $559,635,524 $5,309,339 $554,326,185 -
 
Small Cap Growth Trust        
Common Stocks        
Consumer Discretionary $71,619,616 $64,893,783 $6,725,833 -
Consumer Staples 18,421,421 18,421,421 - -
Energy 25,982,005 25,982,005 - -
Financials 10,222,886 7,101,725 3,121,161 -
Health Care 71,526,586 71,526,586 - -
Industrials 65,519,423 65,519,423 - -
Information Technology 92,230,709 92,230,709 - -
Materials 6,087,980 6,087,980 - -
Securities Lending Collateral 60,959,817 60,959,817 - -
Short-Term Investments 3,500,000 - 3,500,000 -
Total Investments in Securities $426,070,443 $412,723,449 $13,346,994 -
 
Small Cap Index Trust        
Common Stocks        
Consumer Discretionary $75,553,095 $75,553,095 - -
Consumer Staples 22,152,541 22,152,541 - -
Energy 35,868,522 35,868,522 - -
Financials 126,440,684 126,440,684 - -
Health Care 74,802,578 74,792,193 - $10,385
Industrials 87,843,973 87,843,973 - -
Information Technology 100,403,722 100,403,722 - -
Materials 25,991,736 25,991,736 - -
 
449

 


Telecommunication Services 5,770,175 5,770,175 - -
Utilities 23,280,280 23,280,280 - -
Preferred Securities        
Health Care 1,152 1,152 - -
Corporate Bonds        
Financials 11,073 - $11,073 -
Warrants 73 73 - -
Securities Lending Collateral 143,006,291 143,006,291 - -
Short-Term Investments 31,420,000 - 31,420,000 -
Total Investments in Securities $752,545,895 $721,104,437 $31,431,073 $10,385
Other Financial Instruments:        
Futures ($2,812,999) ($2,812,999) - -
 
Small Cap Opportunities Trust        
Common Stocks        
Consumer Discretionary $20,959,619 $20,959,619 - -
Consumer Staples 6,927,728 6,927,728 - -
Energy 11,590,529 11,590,529 - -
Financials 26,181,445 26,181,445 - -
Health Care 16,728,212 16,728,212 - -
Industrials 20,437,787 20,433,692 - $4,095
Information Technology 21,189,169 21,189,169 - -
Materials 9,552,143 9,552,143 - -
Telecommunication Services 1,025,801 1,025,801 - -
Utilities 1,125,098 1,125,098 - -
Securities Lending Collateral 14,234,794 14,234,794 - -
Short-Term Investments 2,565,044 2,565,044 - -
Total Investments in Securities $152,517,369 $152,513,274 - $4,095
 
Small Company Value Trust        
Common Stocks        
Consumer Discretionary $37,092,234 $37,092,234 - -
Consumer Staples 2,623,288 2,623,288 - -
Energy 18,678,555 18,678,555 - -
Financials 68,998,655 68,998,655 - -
Health Care 19,521,924 19,521,924 - -
Industrials 81,921,437 81,921,437 - -
Information Technology 31,239,278 31,239,278 - -
Materials 37,766,658 37,766,658 - -
 
450

 


Telecommunication Services 1,393,140 1,393,140 - -
Utilities 16,929,980 16,929,980 - -
Preferred Securities        
Financials 4,208,281 - $4,208,281 -
Investment Companies 2,914,089 2,914,089 - -
Securities Lending Collateral 94,046,278 94,046,278 - -
Short-Term Investments 6,828,302 6,828,302 - -
Total Investments in Securities $424,162,099 $419,953,818 $4,208,281 -
 
Smaller Company Growth Trust        
Common Stocks        
Consumer Discretionary $25,943,611 $25,943,611 - -
Consumer Staples 2,843,216 2,843,216 - -
Energy 16,134,260 16,134,260 - -
Financials 11,755,236 11,755,236 - -
Health Care 35,296,071 35,295,342 - $729
Industrials 36,334,769 36,334,769 - -
Information Technology 44,525,837 44,525,837 - -
Materials 7,532,183 7,532,183 - -
Telecommunication Services 7,828,699 7,828,699 - -
Utilities 495,279 495,279 - -
Corporate Bonds 272 - $272 -
Securities Lending Collateral 28,592,761 28,592,761 - -
Short-Term Investments 6,585,184 1,518,196 5,066,988 -
Total Investments in Securities $223,867,378 $218,799,389 $5,067,260 $729
Other Financial Instruments:        
Futures ($103,495) ($103,495) - -
 
Strategic Income Opportunities Trust        
Foreign Government Obligations $100,044,379 - $100,044,379 -
Corporate Bonds 206,173,642 - 200,789,364 $5,384,278
Convertible Bonds 9,855,358 - 9,855,358 -
Municipal Bonds 3,114,120 - 3,114,120 -
Term Loans 19,775,254 - 19,775,254 -
Capital Preferred Securities 10,962,190 - 10,723,690 238,500
Collateralized Mortgage Obligations 17,654,144 - 17,544,566 109,578
Asset Backed Securities 2,437,325 - 2,161,300 276,025
Common Stocks 20,309,480 $20,185,821 - 123,659
Preferred Securities 11,977,335 11,598,453 - 378,882
 
451

 


Options Purchased 105,340 - 105,340 -
Short-Term Investments 1,077,800 - 1,077,800 -
Total Investments in Securities $403,486,367 $31,784,274 $365,191,171 $6,510,922
Other Financial Instruments:        
Forward Foreign Currency Contracts $858,840 - $858,840 -
 
Total Bond Market Trust A        
U.S. Government & Agency Obligations $1,096,560,564 - $1,096,560,564 -
Foreign Government Obligations 24,993,541 - 24,993,541 -
Corporate Bonds 354,410,182 - 354,410,182 -
Capital Preferred Securities 2,032,000 - 2,032,000 -
Municipal Bonds 9,229,389 - 9,229,389 -
Collateralized Mortgage Obligations 49,510,099 - 49,510,099 -
Asset Backed Securities 1,640,812 - 1,640,812 -
Securities Lending Collateral 18,259,211 $18,259,211 - -
Short-Term Investments 27,205,595 27,205,595 - -
Total Investments in Securities $1,583,841,393 $45,464,806 $1,538,376,587 -
 
Total Bond Market Trust B        
U.S. Government & Agency Obligations $107,422,815 - $107,422,815 -
Foreign Government Obligations 4,398,234 - 4,398,234 -
Corporate Bonds 41,469,235 - 41,469,235 -
Capital Preferred Securities 181,925 - 181,925 -
Municipal Bonds 1,145,579 - 1,145,579 -
Collateralized Mortgage Obligations 7,410,085 - 7,410,085 -
Asset Backed Securities 375,162 - 375,162 -
Securities Lending Collateral 1,623,285 $1,623,285 - -
Short-Term Investments 925,285 925,285 - -
Total Investments in Securities $164,951,605 $2,548,570 $162,403,035 -
 
Total Return Trust        
U.S. Government & Agency Obligations $1,947,793,473 - $1,947,793,473 -
Foreign Government Obligations 321,637,899 - 321,637,899 -
Corporate Bonds 875,786,659 - 875,786,659 -
Capital Preferred Securities 22,113,554 - 22,113,554 -
Convertible Bonds 18,147,000 - 18,147,000 -
Municipal Bonds 128,548,117 - 128,548,117 -
Term Loans 6,194,750 - 6,194,750 -
Collateralized Mortgage Obligations 211,345,844 - 211,345,844 -
 
452

 


Asset Backed Securities 90,905,920 - 89,262,769 $1,643,151
Preferred Securities 8,166,673 - - 8,166,673
Options Purchased 364,331 - 364,331 -
Short-Term Investments 890,117,411 - 890,117,411 -
Total Investments in Securities $4,521,121,631 - $4,511,311,807 $9,809,824
Sales Commitments Outstanding ($106,515,015) - ($106,515,015) -
Other Financial Instruments:        
Futures $17,257,626 $17,257,626 - -
Forward Foreign Currency Contracts ($13,010,583) - ($13,010,583) -
Written Options ($5,117,721) ($107,950) ($3,397,340) ($1,612,431)
Interest Rate Swaps ($16,034,395) - ($16,034,395) -
Credit Default Swaps ($15,567,945) - ($15,567,945) -
 
Total Stock Market Index Trust        
Common Stocks        
Consumer Discretionary $38,911,913 $38,895,832 $11,755 $4,326
Consumer Staples 34,065,355 34,065,355 - -
Energy 37,280,143 37,280,143 - -
Financials 48,604,569 48,604,569 - -
Health Care 36,666,571 36,660,145 - 6,426
Industrials 32,900,675 32,871,777 28,898 -
Information Technology 60,427,168 60,427,168 - -
Materials 12,502,802 12,502,802 - -
Telecommunication Services 9,010,311 9,010,311 - -
Utilities 12,379,120 12,379,120 - -
Rights 8,713 8,713 - -
Warrants 15 15 - -
Corporate Bonds      
Financials 1,698 1,698 - -
Securities Lending Collateral 30,326,371 30,326,371 - -
Short-Term Investments 5,736,000 - 5,736,000 -
Total Investments in Securities $358,821,424 $353,034,019 $5,776,653 $10,752
Other Financial Instruments:        
Futures ($444,665) ($444,665) - -
 
Utilities Trust        
Common Stocks        
Consumer Discretionary $18,064,413 $15,982,130 $2,082,283 -
Energy 25,766,095 25,766,095 - -
 
453

 


Financials 637,770 - 637,770 -
Telecommunication Services 30,998,269 19,436,659 11,561,610 -
Utilities 86,354,688 64,264,676 22,090,012 -
Preferred Securities        
Utilities 7,238,719 7,238,719 - -
Corporate Bonds        
Utilities 821,865 - 821,865 -
Convertible Bonds        
Consumer Discretionary 1,399,500 - 1,399,500 -
Telecommunication Services 750,375 - 750,375 -
Securities Lending Collateral 14,334,372 14,334,372 - -
Short-Term Investments 2,960,000 - 2,960,000 -
Total Investments in Securities $189,326,066 $147,022,651 $42,303,415 -
Other Financial Instruments:        
Forward Foreign Currency Contracts $2,111,330 - $2,111,330 -
 
Value & Restructuring Trust        
Common Stocks        
Consumer Discretionary $10,646,440 $10,646,440 - -
Consumer Staples 12,218,110 12,218,110 - -
Energy 38,803,935 38,803,935 - -
Financials 23,565,614 22,172,507 $1,393,107 -
Health Care 13,002,055 13,002,055 - -
Industrials 34,549,217 34,549,217 - -
Information Technology 17,809,140 17,809,140 - -
Materials 22,896,192 19,579,388 3,316,804 -
Telecommunication Services 8,461,580 8,461,580 - -
Preferred Securities        
Energy 417,650 417,650 - -
Financials 1,978,466 955,560 1,022,906 -
Materials 234,940 234,940 - -
Convertible Bonds        
Financials 440,000 - 440,000 -
Securities Lending Collateral 39,783,389 39,783,389 - -
Short-Term Investments 2,261,000 - 2,261,000 -
Total Investments in Securities $227,067,728 $218,633,911 $8,433,817 -
 
 
 
 
454

 


Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. During the period ended September 30, 2011, there were no significant transfers into 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 into 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.

Core Bond Trust        
 
  U.S. Government & Collateralized    
  Agency Obligations Mortgage Obligations Asset Backed Securities Total
Balance as of 12-31-10 $9,753,018 $17,284,821 - $27,037,839
Realized gain (loss) - 353,086 - 353,086
Changed in unrealized appreciation        
(depreciation) 40,917 (167,172) - (126,255)
Purchases 2,574,800 637,976 $2,901,980 6,114,756
Sales (12,368,735) (13,406,732) - (25,775,467)
Transfers into Level 3 - - - -
Transfers out of Level 3 - (4,701,979) - (4,701,979)
Balance as of 9-30-11 - - $2,901,980 $2,901,980
Change in unrealized at period end* - - - -
 
Financial Services Trust        
  Financials Materials Total  
Balance as of 12-31-10 $11,733,964 - $11,733,964  
Realized gain (loss) - - -  
Change in unrealized appreciation        
(depreciation) 2,578,623 ($3,544,816) (966,193)  
Purchases 588,785 3,962,400 4,551,185  
Sales - - -  
Transfers into Level 3 - - -  
Transfers out of Level 3 - - -  
Balance as of 9-30-11 $14,901,372 $417,584 $15,318,956  
Change in unrealized at period end* $2,578,623 ($3,544,816) ($966,193)  

 

Global Bond Trust            
    Asset Backed Preferred   Written Interest Rate
  Corporate Bonds Securities Securities Total Options Swaps
Balance as of 12-31-10 $1,596,825 $7,116,476 $1,786,828 $10,500,129 - -
Realized gain (loss) (190,159) 5,029 - (185,130) - -
 
 
455

 


Changed in unrealized appreciation          
(depreciation) 112,000 (80,455) 177,835 209,380 $133,798 ($8,520)
Purchases 1,952,132 1,201,223 - 3,153,355 - (4,008)
Sales (2,691,189) (330,107) - (3,021,296) - -
Transfers into Level 3 - - - - (324,763) -
Transfers out of Level 3 - (6,790,011) - (6,790,011) - -
Balance as of 9-30-11 $779,609 $1,122,155 $1,964,663 $3,866,427 ($190,965) ($12,528)
Change in unrealized at period            
end* ($49,475) ($80,891) $177,835 $47,469 $133,798 ($8,520)

 

High Yield Trust              
  Foreign            
  Government Corporate   Common Preferred    
  Obligations Bonds Term Loans Stocks Securities Warrants Total
Balance as of 12-31-10 $89,960 $154,700 $9,897 - $101,280 $256,114 $611,951
Realized gain (loss) - 609,477 21 - 496,515 (677,339) 428,674
Changed in unrealized              
appreciation (depreciation) 4,325 (330,454) (21) ($356,486) (43,955) 1,011,836 285,245
Purchases - 1,923,171 7,441,406 4,304,952 - - 13,669,529
Sales - (808,541) (7,441,406) - (515,860) (2,677) (8,768,484)
Transfers into Level 3 - 1,999 - - - - 1,999
Transfers out of Level 3 - - - - - (256,114) (256,114)
Balance as of 9-30-11 $94,285 $1,550,352 $9,897 $3,948,466 $37,980 $331,820 $5,972,800
Change in unrealized at              
period end* $4,325 ($374,817) ($3,940,176) ($356,486) ($63,300) $331,820 ($4,398,634)
 
Mid Cap Stock Trust              
    Energy          
Balance as of 12-31-10   -          
Realized gain (loss)   -          
Change in unrealized appreciation            
(depreciation)   ($326,731)          
Purchases   7,979,209          
Sales              
Transfers into Level 3              
Transfers out of Level 3   -          
Balance as of 9-30-11   $7,652,478          
Change in unrealized at period end* ($326,731)          
 
             
 
456

 


    Collateralized      
    Mortgage Asset Backed   Written
  Corporate Bonds Obligations Securities Total 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) 67,281 2,342 (16,178) 53,445 $55,676
Purchases - - 240,609 240,609 -
Sales (647,675) (500,000) - (1,147,675) -
Transfers into Level 3 - - - - (114,905)
Transfers out of Level 3 - (299,625) (1,143,142) (1,442,767) -
Balance as of 9-30-11 - - $224,431 $224,431 ($59,229)
Change in unrealized at period end* - - ($16,178) ($16,178) $55,676
 
Science & Technology Trust          
  
  Information Technology        
Balance as of 12-31-10 $1,560,522        
Realized gain (loss) 414,748        
Change in unrealized appreciation          
(depreciation) 1,117,522        
Purchases 2,577,473        
Sales (498,008)        
Transfers into Level 3 -        
Transfers out of Level 3 -        
Balance as of 9-30-11 $5,172,257        
Change in unrealized at period end* $1,117,522        

 

Strategic Income              
Opportunities Trust              
    Capital Collateralized        
  Corporate Preferred Mortgage Asset Backed Common Preferred  
  Bonds Securities Obligations Securities Stocks Securities Total
Balance as of 12-31-10 $12,362,473 - $2,736,293 $890,068 $194,822 $675,747 $16,859,403
 
Realized gain (loss) (1,841,457) - - 37,706 - - (1,803,751)
Changed in unrealized              
appreciation              
(depreciation) 1,242,511 ($9,000) (35,314) (44,509) (71,163) (296,865) 785,660
 
 
457

 


Purchases 3,110,822 247,500 285 291,656 - - 3,650,263
 
Sales (2,299,751) - (21,934) (898,896) - - (3,220,581)
 
Transfers into Level 3 - - - - - - -
 
Transfers out of Level 3 (7,190,320) - (2,569,752) - - - (9,760,072)
Balance as of 9-30-11 $5,384,278 $238,500 $109,578 $276,025 $123,659 $378,882 $6,510,922
Change in unrealized at              
period end* ($638,007) ($9,000) ($35,314) ($15,631) ($71,163) ($296,865) ($1,065,980)

 

* 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, including exchange-traded funds, 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 open-end mutual funds, including John Hancock Collateral Investment Trust (JHCIT), 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 Portfolios’ 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.

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 (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

458

 


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.

Structured notes. The Funds may invest in structured notes. The Funds invest in an entity, such as a trust, organized and operated solely for the purpose of restructuring the investment characteristics of various securities. This type of restructuring involves the deposit or purchase of specified instruments and the issuance of one or more classes of securities backed by, or representing interests, in the underlying instruments. The cash flow on the underlying instruments may be apportioned among the newly issued structured notes to create securities with different investment characteristics, such as varying maturities, payment priorities or interest rate provisions. The extent of the income paid by the structured notes is dependent on the cash flow of the underlying instruments.

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.

At September 30, 2011, High Yield Trust and Mutual Shares Trust had $310,986 and $604,143, respectively, in unfunded loan commitments outstanding.

Inflation indexed bonds. Inflation-indexed bonds are securities that generally have a lower coupon interest rate fixed at issuance but whose principal value is periodically adjusted to a rate of inflation, such as the Consumer Price Index. Over the life of an inflation-indexed bond, interest is paid on the inflation adjusted principal value as described above. Increases in the principal amount of these securities are recorded as interest income. Decreases in the principal amount of these securities reduce interest income to the extent of income recorded in the current fiscal period. Excess amounts are recorded as an adjustment to cost.

Payment-in-kind bonds. The Portfolios may invest in payment-in-kind bonds (PIK Bonds). PIK Bonds allow the issuer, at its option, to make current interest payments on the bonds either in cash or in additional bonds. The market prices of PIK Bonds are affected to a greater extent by interest rate changes and thereby tend to be more volatile than securities which pay cash interest periodically. The Portfolios accrue income on these securities and this income is required to be distributed to shareholders. Because no cash is received at the time income accrues on these securities, the Portfolios may need to sell other investments to make distributions.

Real estate investment trusts. The Portfolios may invest in real estate investment trusts (REITs) and, as a result, will estimate the components of distributions from these securities. Such estimates are revised when actual components of distributions are known. Distributions from REITs received in excess of income are recorded as a reduction of cost of investments and/or as a realized gain.

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

459

 


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, a Portfolio may fail to fully recover 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 a 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 September 30, 2011, including short-term investments, for federal income tax purposes, were as follows:

        Net Unrealized
    Unrealized Unrealized Appreciation/
Portfolio Aggregate Cost Appreciation (Depreciation) (Depreciation)
500 Index Trust $5,211,284,027 $1,023,738,543 ($417,360,627) $606,377,916
500 Index Trust B 874,302,021 132,279,644 (207,187,431) (74,907,787)
Active Bond Trust 1,402,212,063 65,372,933 (75,812,567) (10,439,634)
All Cap Core Trust 376,842,568 13,336,485 (37,669,468) (24,332,983)
All Cap Value Trust 465,952,330 13,913,160 (57,064,097) (43,150,937)
Alpha Opportunities Trust 959,625,227 23,529,627 (129,813,371) (106,283,744)
American Asset Allocation Trust 1,455,924,253 76,333,837 - 76,333,837
American Blue Chip Income & Growth Trust 237,815,870 - (7,011,931) (7,011,931)
American Bond Trust 844,040,679 11,462,367 - 11,462,367
American Fundamental Holdings Trust 938,963,654 89,651,791 - 89,651,791
American Global Diversification Trust 747,591,242 - (14,945,053) (14,945,053)
American Global Growth Trust 206,753,184 - (48,074,719) (48,074,719)
American Global Small Capitalization Trust 108,989,982 - (24,250,980) (24,250,980)
American Growth Trust 1,260,090,694 - (175,321,172) (175,321,172)
American Growth-Income Trust 1,142,217,291 - (133,849,899) (133,849,899)
American High-Income Bond Trust 96,262,768 - (4,158,922) (4,158,922)
American International Trust 901,664,474 - (210,734,567) (210,734,567)
American New World Trust 90,974,595 - (16,492,180) (16,492,180)
Balanced Trust 125,024,385 6,918,030 (9,403,219) (2,485,189)
Blue Chip Growth Trust 1,395,838,008 299,135,821 (98,272,805) 200,863,016
Bond Trust 4,992,199,012 116,435,632 (77,794,294) 38,641,338
Bond PS Series 56,000,949 297,143 (874,886) (577,743)
Capital Appreciation Trust 907,682,484 155,146,509 (63,425,305) 91,721,204
Capital Appreciation Value Trust 339,578,413 14,045,800 (19,083,701) (5,037,901)
Core Allocation Trust 116,461,928 479,518 (8,794,322) (8,314,804)
Core Allocation Plus Trust 278,369,784 8,497,741 (16,710,712) (8,212,971)
Core Balanced Trust 193,107,472 994,340 (2,897,013) (1,902,673)
Core Balanced Strategy Trust 3,491,587 131,084 (64,497) 66,587
 
460

 


Core Bond Trust 1,982,595,242 28,719,653 (8,888,714) 19,830,939
Core Disciplined Diversification Trust 184,222,109 872,790 (7,981,580) (7,108,790)
Core Diversified Growth & Income Trust 4,658,149 51,022 (278,068) (227,046)
Core Fundamental Holding Trust 260,263,689 7,020,921 (4,797,385) 2,223,536
Core Global Diversification Trust 312,889,199 4,828,262 (20,415,690) (15,587,428)
Core Strategy Trust 633,048,368 24,118,538 (4,784,491) 19,334,047
Disciplined Diversification Trust 302,618,270 48,203,903 (22,745,624) 25,458,279
Emerging Markets Value Trust 1,017,522,778 114,939,354 (209,445,449) (94,506,095)
Equity-Income Trust 1,976,951,840 212,239,646 (238,176,152) (25,936,506)
Financial Services Trust 160,966,903 8,144,164 (24,266,981) (16,122,817)
Franklin Templeton Founding Allocation Trust 1,408,785,944 - (268,815,318) (268,815,318)
Fundamental All Cap Core Trust 1,317,002,901 22,747,806 (241,586,879) (218,839,073)
Fundamental Large Cap Value Trust 305,554,416 855,009 (47,501,380) (46,646,371)
Fundamental Value Trust 1,515,795,969 128,339,641 (136,878,535) (8,538,894)
Global Trust 743,192,315 23,993,276 (190,037,617) (166,044,341)
Global Bond Trust 1,155,746,251 35,097,840 (54,598,114) (19,500,274)
Growth Equity Trust 418,939,041 51,268,860 (41,825,692) 9,443,168
Health Sciences Trust 141,423,513 21,871,038 (17,975,556) 3,895,482
Heritage Trust 136,170,829 12,757,728 (13,559,714) (801,986)
High Yield Trust 241,363,279 7,105,041 (47,710,249) (40,605,208)
Income Trust 457,319,132 20,268,631 (69,844,863) (49,576,232)
International Core Trust 722,882,200 35,504,644 (139,043,903) (103,539,259)
International Equity Index Trust A 267,637,889 33,179,509 (30,101,594) 3,077,915
International Equity Index Trust B 278,767,253 42,215,656 (51,393,305) (9,177,649)
International Growth Stock Trust 227,950,210 2,098,879 (28,928,962) (26,830,083)
International Index Trust 1,877,094,245 215,009,333 (210,999,894) 4,009,439
International Opportunities Trust 447,707,742 8,636,556 (62,753,577) (54,117,021)
International Small Company Trust 139,090,364 12,080,580 (46,335,398) (34,254,818)
International Value Trust 1,174,684,293 34,053,577 (261,063,308) (227,009,731)
Investment Quality Bond Trust 465,645,660 24,429,533 (3,342,043) 21,087,490
Large Cap Trust 171,510,817 12,323,194 (27,524,356) (15,201,162)
Lifestyle Aggressive Trust 425,182,978 8,819,700 (61,895,890) (53,076,190)
Lifestyle Balanced Trust 10,892,701,763 649,190,126 (130,248,590) 518,941,536
Lifestyle Balanced PS Series 31,113,259 - (1,250,670) (1,250,670)
Lifestyle Conservative Trust 2,702,687,515 70,228,952 (24,571,329) 45,657,623
Lifestyle Conservative PS Series 15,017,698 - (238,706) (238,706)
Lifestyle Growth Trust 12,342,630,598 688,307,013 (489,479,580) 198,827,433
Lifestyle Growth PS Series 45,820,724 - (2,739,832) (2,739,832)
Lifestyle Moderate Trust 3,239,911,073 177,365,369 (29,398,325) 147,967,044
 
461

 


Lifestyle Moderate PS Series 18,131,472 - (513,144) (513,144)
Mid Cap Index Trust 1,150,365,650 154,664,845 (147,576,179) 7,088,666
Mid Cap Stock Trust 856,950,913 60,628,059 (102,738,188) (42,110,129)
Mid Cap Value Equity Trust 144,110,752 10,970,056 (16,965,201) (5,995,145)
Mid Value Trust 840,162,583 72,222,879 (96,090,725) (23,867,846)
Mutual Shares Trust 619,975,099 41,103,468 (85,784,006) (44,680,538)
Natural Resources Trust 274,560,699 2,807,434 (55,751,212) (52,943,778)
New Income Trust 2,639,742,702 106,579,966 (17,598,215) 88,981,751
Real Estate Securities Trust 460,548,152 4,278,237 (25,108,426) (20,830,189)
Real Return Bond Trust 196,024,848 1,399,083 (2,476,900) (1,077,817)
Science & Technology Trust 429,736,334 21,151,174 (61,791,444) (40,640,270)
Short Term Government Income Trust 553,993,400 9,855,934 (4,213,810) 5,642,124
Small Cap Growth Trust 457,714,208 28,058,164 (59,701,929) (31,643,765)
Small Cap Index Trust 687,273,388 130,942,402 (65,669,895) 65,272,507
Small Cap Opportunities Trust 152,212,162 17,675,536 (17,370,329) 305,207
Small Cap Value Trust 611,165,484 53,099,371 (38,896,554) 14,202,817
Small Company Growth Trust 104,647,436 10,684,175 (8,674,214) 2,009,961
Small Company Value Trust 433,972,840 54,613,346 (64,424,087) (9,810,741)
Smaller Company Growth Trust 237,262,834 17,373,330 (30,768,786) (13,395,456)
Strategic Allocation Trust 20,413,050 96 (131,948) (131,852)
Strategic Income Opportunities Trust 414,970,189 23,889,828 (35,373,650) (11,483,822)
Total Bond Market Trust A 1,479,557,878 107,299,518 (3,016,003) 104,283,515
Total Bond Market Trust B 151,927,668 13,391,379 (367,442) 13,023,937
Total Return Trust 4,505,272,411 104,210,126 (88,360,906) 15,849,220
Total Stock Market Index Trust 358,870,217 61,033,582 (61,082,375) (48,793)
Ultra Short Term Bond Trust 122,113,656 27,824 (1,184,539) (1,156,715)
U.S. Equity Trust 738,336,131 53,996,894 (27,560,413) 26,436,481
Utilities Trust 185,332,204 14,744,819 (10,750,957) 3,993,862
Value Trust 225,491,934 21,207,746 (26,706,475) (5,498,729)
Value & Restructuring Trust 250,318,315 14,353,048 (37,603,635) (23,250,587)

 

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 and 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.
 
The following table summarizes the contracts held at September 30, 2011, and the range of futures contracts absolute notional amounts held by the Portfolios
during the period ended September 30, 2011. In addition the table details how the Portfolios used futures contracts during the period ended September 30, 2011.
 
500 Index Trust
 
462

 


The Portfolio used futures contracts as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts
with total absolute values ranging from approximately $59.5 million to $127.0 million, as measured at each quarter end.    
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
500 Index Trust S&P 500 Index Futures 451 Long Dec 2011 $126,956,500 ($3,734,323)
            ($3,734,323)
 
500 Index Trust B            
The Portfolio used futures contracts as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts
with total absolute values ranging from approximately $19.4 million to $28.9 million, as measured at each quarter end.    
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
500 Index Trust B S&P 500 Index Futures 69 Long Dec 2011 $19,423,500 ($523,923)
            ($523,923)
 
Active Bond Trust            
The Portfolio used futures contracts to manage duration. During the period ended September 30, 2011, the Portfolio held futures contracts with total absolute
values ranging from approximately $15.3 million to $28.5 million, as measured at each quarter end.        
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
Active Bond Trust U.S. Treasury 30-Year Bond Futures 35 Long Dec 2011 $4,991,875 $247,636
  U.S. Treasury Ultra Long Bond Futures 29 Long Dec 2011 4,600,125 467,543
  U.S. Treasury 5-Year Note Futures 95 Short Dec 2011 (11,636,016) (11,402)
            $703,777
 
All Cap Core Trust            
The Portfolio used futures contracts to maintain diversity and liquidity of the portfolio and as a substitute for securities purchased. During the period ended
September 30, 2011, the Portfolio held futures contracts with total absolute values ranging from approximately $2.0 million to $4.9 million, as measured at
each quarter end.            
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
All Cap Core Trust E-Mini S&P 500 Index Futures 70 Long Dec 2011 $3,941,000 ($109,176)
  Russell 2000 Mini Index Futures 8 Long Dec 2011 513,200 (28,417)
            ($137,593)
 
463

 


Bond Trust            
The Portfolio used futures contracts to manage duration. During the period ended September 30, 2011, the Portfolio held futures contracts with total absolute
values ranging from approximately $89.9 million to $315.0 million, as measured at each quarter end.        
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
Bond Trust U.S. Treasury 30-Year Bond Futures 197 Long Dec 2011 $28,097,125 $1,393,833
  U.S. Treasury Ultra Long Bond Futures 240 Long Dec 2011 38,070,000 3,869,321
  U.S. Treasury 5-Year Note Futures 550 Short Dec 2011 (67,366,406) (66,010)
  U.S. Treasury 10-Year Note Futures 1395 Short Dec 2011 (181,480,781) (1,889,223)
            $3,307,921
 
Bond PS Series            
The Portfolio used futures contracts to manage duration. During the period ended September 30, 2011, the Portfolio held futures contracts with total absolute
values up to approximately $2.3 million, as measured at each quarter end.        
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
Bond PS Series U.S. Treasury Ultra Long Bond Futures 1 Long Dec 2011 $158,625 $16,122
  U.S. Treasury 10-Year Note Futures 16 Short Dec 2011 (2,081,500) (21,668)
            ($5,546)
 
Core Allocation Plus Trust            
The Portfolio used futures contracts to manage against anticipated changes in securities markets, manage duration, manage against anticipated interest rate
changes and as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts with total absolute
values ranging from approximately $29.9 million to $39.8 million, as measured at each quarter end.        
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
Core Allocation Plus Trust 5-Year German Euro-BOBL Futures 10 Long Dec 2011 $1,636,236 ($60,461)
  E-Mini S&P 500 Index Futures 46 Long Dec 2011 2,589,800 87,383
  Euro STOXX 50 Index Futures 32 Long Dec 2011 924,320 (12,020)
  FTSE 100 Index Futures 9 Long Dec 2011 714,432 2,698
  MSCI EAFE E-Mini Index Futures 170 Long Dec 2011 11,446,100 55,847
  S&P TSE 60 Index Futures 4 Long Dec 2011 507,453 (20,004)
  TOPIX Index Futures 7 Long Dec 2011 687,476 5,291
 
464

 


  U.K. Long Gilt Bond Futures 2 Long Dec 2011 405,413 1,762
  U.S. Treasury 2-Year Note Futures 20 Long Dec 2011 4,404,063 (5,673)
  U.S. Treasury 5-Year Note Futures 27 Long Dec 2011 3,307,078 7,589
  U.S. Treasury 10-Year Note Futures 5 Long Dec 2011 650,469 (11,802)
  U.S. Treasury 30-Year Bond Futures 5 Long Dec 2011 713,125 (2,617)
  U.S. Treasury Ultra Long Bond Futures 10 Long Dec 2011 1,586,250 53,604
  10-Year Australian Treasury Bond Futures 3 Short Dec 2011 (331,731) (1,066)
            $100,531
 
Global Bond Trust          
The Portfolio used futures contracts to manage duration, manage against anticipated interest rate changes, maintain diversity and liquidity of the Portfolio and
as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts with total absolute values ranging
from approximately $99.1 million to $2.1 billion, as measured at each quarter end.        
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts  Position Date Value (Depreciation)
Global Bond Trust 5-Year German Euro BOBL Futures 560 Long Nov 2011 $3,751 ($4,389)
  5-Year German Euro BOBL Futures 71 Long Dec 2011 11,617,279 (5,788)
  10-Year German Euro-BUND Futures 900 Long Nov 2011 12,058 -
  10-Year German Euro-BUND Futures 96 Long Dec 2011 17,554,796 97,880
  10-Year Government of Canada Bond          
  Futures 109 Long Dec 2011 13,824,974 303,528
  10-Year Japan Government Bond Futures          
  TSE 10 Long Dec 2011 18,440,296 (57,611)
  U.K. Long Gilt Bond Futures 94 Long Dec 2011 19,054,411 354,162
  U.S. Treasury 10-Year Note Futures 215 Long Dec 2011 27,970,156 199,558
  U.S. Treasury 30-Year Bond Futures 35 Long Dec 2011 4,991,875 75,431
            $962,771
 
High Yield Trust            
The Portfolio used futures contracts to manage against anticipated interest rate changes. During the period ended September 30, 2011, the Portfolio held
futures contracts with total absolute values ranging from approximately $31.3 million to $34.2 million, as measured at each quarter end.
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position  Date Value (Depreciation)
High Yield Trust U.S. Treasury Ultra Long Bond Futures 49 Long Dec 2011 $7,772,625 $673,380
  U.S. Treasury 5-Year Note Futures 216 Short Dec 2011 (26,456,625) (12,194)
 
465

 


            $661,186
 
International Core Trust            
The Portfolio used futures contracts as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts
with total absolute values ranging from approximately $45.0 million to $69.9 million, as measured at each quarter end.    
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts  Position Date Value (Depreciation)
International Core Trust DAX Index Futures 30 Long Dec 2011 $5,497,329 $257,148
  FTSE 100 Index Futures 94 Long Dec 2011 7,461,841 (28,078)
  FTSE MIB Index Futures 122 Long Dec 2011 12,054,399 1,115,972
  SGX MSCI Singapore Index Futures 19 Long Oct 2011 891,964 (11,128)
  TOPIX Index Futures 41 Long Dec 2011 4,026,643 80,435
  ASX SPI 200 Index Futures 70 Short Dec 2011 (6,773,901) 170,804
  S&P TSE 60 Index Futures 65 Short Dec 2011 (8,246,111) 390,287
            $1,975,440
 
International Equity Index Trust            
A            
The Portfolio used futures contracts as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts
with total absolute values ranging from approximately $12.4 million to $15.2 million, as measured at each quarter end.    
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts  Position Date Value (Depreciation)
International Equity Index Trust            
A ASX SPI 200 Index Futures 6 Long Dec 2011 $580,620 ($10,629)
  CAC 40 Index Futures 23 Long Dec 2011 916,570 36,745
  DAX Index Futures 6 Long Dec 2011 1,099,466 76,064
  FTSE 100 Index Futures 22 Long Dec 2011 1,746,388 (4,889)
  FTSE MIB Index Futures 2 Long Dec 2011 197,613 15,005
  Hang Seng Index Futures 5 Long Oct 2011 559,237 (9,544)
  IBEX 35 Index Futures 3 Long Oct 2011 341,817 29,954
  MSCI Taiwan Index Futures 70 Long Oct 2011 1,792,000 40,248
  OMX 30 Index Futures 77 Long Oct 2011 1,020,105 38,473
  S&P TSE 60 Index Futures 5 Long Dec 2011 634,316 (38,281)
  TOPIX Index Futures 36 Long Dec 2011 3,535,589 49,999
            $223,145
 
466

 


International Equity Index Trust            
B            
The Portfolio used futures contracts as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts
with total absolute values ranging from approximately $7.5 million to $11.8 million, as measured at each quarter end.    
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position  Date Value (Depreciation)
International Equity Index Trust            
B ASX SPI 200 Index Futures 5 Long Dec 2011 $483,850 ($8,622)
  CAC 40 Index Futures 18 Long Dec 2011 717,315 28,757
  DAX Index Futures 2 Long Dec 2011 366,489 25,355
  FTSE 100 Index Futures 9 Long Dec 2011 714,432 (2,000)
  FTSE MIB Index Futures 1 Long Dec 2011 98,807 7,503
  Hang Seng Index Futures 3 Long Oct 2011 335,542 (5,907)
  IBEX 35 Index Futures 1 Long Oct 2011 113,939 9,985
  MSCI Taiwan Index Futures 50 Long Oct 2011 1,280,000 29,348
  OMX 30 Index Futures 20 Long Oct 2011 264,962 9,993
  S&P TSE 60 Index Futures 6 Long Dec 2011 761,180 (45,938)
  TOPIX Index Futures 24 Long Dec 2011 2,357,060 33,459
            $81,933
 
International Index Trust            
The Portfolio used futures contracts as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts
with total absolute values ranging from approximately $42.4 million to $54.2 million, as measured at each quarter end.    
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts  Position  Date Value (Depreciation)
International Index Trust ASX SPI 200 Index Futures 20 Long Dec 2011 $1,935,400 ($71,044)
  Australian Dollar Currency Futures 24 Long Dec 2011 2,306,640 (179,143)
  Euro Currency Futures 49 Long Dec 2011 8,216,688 (346,884)
  Euro STOXX 50 Index Futures 194 Long Dec 2011 5,603,691 90,969
  FTSE 100 Index Futures 64 Long Dec 2011 5,080,403 (136,728)
  Hang Seng Index Futures 6 Long Dec 2011 669,158 (93,004)
  Japanese Yen Currency Futures 30 Long Dec 2011 4,870,125 32,872
  Pound Sterling Currency Futures 51 Long Dec 2011 4,975,369 (99,030)
  Swiss Franc Currency Futures 14 Long Dec 2011 1,935,675 (103,835)
  Swiss Market Index Futures 36 Long Dec 2011 2,189,629 33,363
467

 


  TOPIX Index Futures 47 Long Dec 2011 4,615,908 78,303
            ($794,161)
 
Investment Quality Bond Trust            
The Portfolio used futures contracts to manage duration, manage against anticipated interest rate changes and as a substitute for securities purchased. During
the period ended September 30, 2011, the Portfolio held futures contracts with total absolute values ranging from approximately $61.3 million to $121.0
million, as measured at each quarter end.          
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
Investment Quality Bond Trust 5-Year German Euro BOBL Futures 54 Long Dec 2011 $8,835,677 $14,352
  U.K. Long Gilt Bond Futures 49 Long Dec 2011 9,932,618 (42,654)
  U.S. Treasury 2-Year Note Futures 63 Long Dec 2011 13,872,797 (17,871)
  U.S. Treasury 5-Year Note Futures 247 Long Dec 2011 30,253,641 49,574
  U.S. Treasury 10-Year Note Futures 70 Long Dec 2011 9,106,563 (45,755)
  U.S. Treasury 30-Year Bond Futures 68 Long Dec 2011 9,698,500 (22,775)
  U.S. Treasury Ultra Long Bond Futures 30 Long Dec 2011 4,758,750 163,310
  10-Year Australian Treasury Bond Futures 51 Short Dec 2011 (5,639,428) 68,421
  10-Year German Euro-BUND Futures 31 Short Dec 2011 (5,668,736) 47,732
            $214,334
 
Mid Cap Index Trust            
The Portfolio used futures contracts as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts
with total absolute values ranging from approximately $3.5 million to $26.8 million, as measured at each quarter end.    
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
Mid Cap Index Trust S&P Midcap 400 E-Mini Index Futures 323 Long Dec 2011 $25,158,470 ($1,403,995)
            ($1,403,995)
 
New Income Trust            
The Portfolio used futures contracts to manage duration and manage against anticipated interest rate changes. During the period ended September 30, 2011, the
Portfolio held futures contracts with total absolute values up to approximately $214.1 million, as measured at each quarter end.    
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
New Income Trust U.S. Treasury Ultra Long Bond Futures 2 Long Dec 2011 $317,250 $30,211
 
468

 


            $30,211
 
Real Return Bond Trust            
The Portfolio used futures contracts to manage duration, manage against anticipated interest rate changes, maintain diversity and liquidity of the Portfolio and
as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts with total absolute values ranging
from approximately $21.6 million to $38.0 million, as measured at each quarter end.          
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
Real Return Bond Trust 10-Year German Euro-BUND Futures 6 Long Dec 2011 $1,097,175 $10,845
  Eurodollar Futures 25 Long Mar 2013 6,212,500 29,732
  Eurodollar Futures 17 Long Jun 2013 4,221,525 30,279
  Eurodollar Futures 19 Long Sep 2013 4,712,950 16,317
  Eurodollar Futures 74 Long Dec 2013 18,325,175 101,792
  U.S. Treasury 10-Year Note Futures 26 Long Dec 2011 3,382,438 33,538
            $222,503
 
Small Cap Index Trust            
The Portfolio used futures contracts as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts
with total absolute values ranging from approximately $7.2 million to $37.5 million, as measured at each quarter end.    
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
Small Cap Index Trust Russell 2000 Mini Index Futures 584 Long Dec 2011 $37,463,600 ($2,812,999)
            ($2,812,999)
 
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 September 30, 2011, the Portfolio held futures contracts with total absolute values ranging from
approximately $0.5 million to $39.8 million, as measured at each quarter end.          
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
Smaller Company Growth Trust Russell 2000 Mini Index Futures 20 Long Dec 2011 $1,283,000 ($103,495)
            ($103,495)
 
Strategic Allocation Trust            
 
469

 


The Portfolio used futures contracts to substitute to manage duration. During the period ended September 30, 2011, the Portfolio held futures contracts with
total absolute values ranging up to approximately $59.5 million as measured at each quarter end.        
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts  Position Date Value (Depreciation)
Strategic Allocation Trust E-Mini S&P 500 Index Futures 325 Long Dec 2011 $18,297,500 ($963,822)
  Euro STOXX 50 Index Futures 112 Long Dec 2011 3,235,121 225,239
  FTSE 100 Index Futures 30 Long Dec 2011 2,381,439 (2,690)
  Russell 2000 Mini Index Futures 27 Long Dec 2011 1,732,050 (147,028)
  S&P Midcap 400 E-Mini Index Futures 31 Long Dec 2011 2,414,590 (208,038)
  TOPIX Index Futures 19 Long Dec 2011 1,866,005 33,956
            ($1,062,383)
 
Strategic Income Opportunities          
Trust            
The Portfolio used futures contracts to manage duration. During the period ended September 30, 2011, the Portfolio held futures contracts with total absolute
values ranging up to approximately $58.5 million, as measured at each quarter end. At September 30, 2011, the Portfolio held no futures contracts.
 
Total Return Trust            
The Portfolio used futures contracts to manage duration, manage against anticipated interest rate changes, maintain diversity and liquidity of the Portfolio and
as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts with total absolute values ranging
from approximately $2.4 billion to $6.0 billion, as measured at each quarter end.        
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts  Position Date Value (Depreciation)
Total Return Trust Eurodollar Futures 309 Long Dec 2011 $76,840,575 ($10,771)
  Eurodollar Futures 4,198 Long Mar 2012 1,043,307,950 2,972,255
  Eurodollar Futures 4,705 Long Jun 2012 1,169,310,125 3,972,133
  Eurodollar Futures 1,071 Long Dec 2012 266,183,663 700,814
  Eurodollar Futures 90 Long Dec 2012 22,368,375 80,922
  Eurodollar Futures 2,761 Long Mar 2013 686,108,500 2,424,247
  Eurodollar Futures 680 Long Mar 2013 168,980,000 45,093
  Eurodollar Futures 3,329 Long Jun 2013 826,673,925 4,193,141
  Eurodollar Futures 1,101 Long Sep 2013 273,103,050 1,402,857
  Eurodollar Futures 272 Long Dec 2013 67,357,400 617,440
  Eurodollar Futures 278 Long Mar 2014 68,732,025 729,971
  Eurodollar Futures 54 Long Jun 2014 13,326,525 155,383
470

 


  U.S. Treasury 10-Year Note Futures 701 Long Dec 2011 91,195,719 (25,859)
            $17,257,626
 
Total Stock Market Index Trust            
The Portfolio used futures contracts as a substitute for securities purchased. During the period ended September 30, 2011, the Portfolio held futures contracts
with total absolute values ranging from $3.3 million to $6.8 million, as measured at each quarter end        
    Number       Unrealized
    of   Expiration   Appreciation
Portfolio Open Contracts Contracts Position Date Value (Depreciation)
Total Stock Market Index Trust Russell 2000 Mini Index Futures 13 Long Dec 2011 $833,950 ($82,147)
  S&P 500 Index Futures 19 Long Dec 2011 5,348,500 (308,196)
  S&P Midcap 400 E-Mini Index Futures 8 Long Dec 2011 623,120 (54,322)
            ($444,665)

 

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 and the risk that currency movements will not occur thereby reducing a 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 September 30, 2011, and the range of absolute notional contract amounts held by the Portfolios during the period ended September 30, 2011. In addition, the table details how the Portfolios used foreign currency contracts during the period ended September 30, 2011.

Active Bond Trust

The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended September 30, 2011, the Portfolio held forward foreign currency contracts with USD notional absolute values ranging up to $5.6 million, as measured at each quarter end. At September 30, 2011, the Portfolio held no forward foreign currency contracts.

Alpha Opportunities 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 September 30, 2011, the Portfolio held forward foreign currency contracts with USD notional absolute values ranging up to approximately $4.4 million, as measured at each quarter end. At September 30, 2011, the Portfolio held no forward foreign currency contracts.

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 September 30, 2011, the Portfolio held forward foreign currency contracts with USD notional absolute values ranging from approximately $5.9 million to $24.4 million, as measured at each quarter end.

471

 


    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
Core Allocation            
Plus Trust Buys          
  Brazilian Real 770,000 $463,662 Royal Bank of Canada 12/2/2011 ($58,955)
  Canadian Dollar 548,000 551,024 Citibank N.A. 12/15/2011 (28,872)
  Euro 729,000 989,297 Bank of America N.A. 12/16/2011 (12,962)
        JPMorgan Chase Bank    
  Japanese Yen 67,482,000 877,730 N.A 12/8/2011 (1,958)
  Mexican Peso 4,470,000 351,180 Citibank N.A. 12/21/2011 (31,169)
  Mexican Peso 1,490,000 115,940 Royal Bank of Canada 12/21/2011 (9,269)
        Standard Chartered    
  Pound Sterling 560,000 887,326 Bank 12/16/2011 (14,689)
      $4,236,159     ($157,874)
  Sells          
  Brazilian Real 1,255,000 $734,069 Royal Bank of Canada 12/2/2011 $74,449
  Euro 43,000 58,760 Bank of America N.A. 12/16/2011 1,170
        State Street Bank &    
  Euro 65,000 88,585 Trust Company 12/16/2011 1,531
  Japanese Yen 7,450,000 97,588 Bank of America N.A. 12/8/2011 903
        JPMorgan Chase Bank    
  Japanese Yen 7,590,000 99,301 N.A 12/8/2011 800
  Mexican Peso 5,960,000 448,563 Royal Bank of Canada 12/21/2011 21,882
  Pound Sterling 53,000 82,606 Bank of America N.A. 12/16/2011 17
        State Street Bank &    
  Pound Sterling 52,000 81,335 Trust Company 12/16/2011 305
      $1,690,807     $101,057
 
Global Bond Trust            
The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes, gain exposure to foreign currency and
maintain diversity and liquidity of the Portfolio. During the period ended September 30, 2011, the Portfolio held forward foreign currency contracts with USD
notional absolute values ranging from approximately $891.9 million to $1.0 billion, as measured at each quarter end.    
    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
Global Bond Trust Buys          
  Brazilian Real 628,297 $390,118 HSBC BankUSA 11/3/2011 ($58,284)
 
472

 


      Morgan Stanley and    
Brazilian Real 60,000 37,735 Company, Inc. 11/3/2011 (6,046)
Canadian Dollar 1,335,000 1,294,583 Citibank N.A. 10/31/2011 (21,441)
Canadian Dollar 1,436,000 1,396,683 UBS AG 10/3/2011 (26,324)
Chinese Yuan Renminbi 4,482,200 730,000 Bank of America N.A. 9/8/2015 4,260
Chinese Yuan Renminbi 1,174,000 182,724 Barclays Capital 11/15/2011 1,234
Chinese Yuan Renminbi 32,359,817 5,047,152 Barclays Capital 2/13/2012 33,943
Chinese Yuan Renminbi 6,596,140 1,084,000 Barclays Capital 4/25/2014 (18,599)
Chinese Yuan Renminbi 8,950,800 1,468,946 Barclays Capital 9/8/2015 (2,654)
Chinese Yuan Renminbi 39,457,297 6,178,887 Citibank N.A. 11/15/2011 3,788
Chinese Yuan Renminbi 14,045,026 2,202,500 Citibank N.A. 6/1/2012 8,870
Chinese Yuan Renminbi 12,873,275 2,114,000 Citibank N.A. 4/25/2014 (34,724)
Chinese Yuan Renminbi 32,283,693 5,336,196 Citibank N.A. 9/8/2015 (47,582)
Chinese Yuan Renminbi 20,000,000 3,192,848 Deutsche Bank AG 8/5/2013 10,547
      Goldman Sachs    
Chinese Yuan Renminbi 45,000,000 7,219,637 International 8/5/2013 (11,999)
      Goldman Sachs    
Chinese Yuan Renminbi 4,500,510 739,000 International 4/25/2014 (12,083)
Chinese Yuan Renminbi 4,399,455 723,000 HSBC BankUSA 4/25/2014 (12,405)
Chinese Yuan Renminbi 2,884,000 449,011 JPMorgan Chase Bank 11/15/2011 2,891
Chinese Yuan Renminbi 44,013,600 6,946,000 JPMorgan Chase Bank 6/1/2012 (16,120)
Chinese Yuan Renminbi 7,369,915 1,210,000 JPMorgan Chase Bank 4/25/2014 (19,620)
Chinese Yuan Renminbi 6,380,000 1,055,680 JPMorgan Chase Bank 9/8/2015 (10,528)
      Morgan Stanley and    
Chinese Yuan Renminbi 4,368,300 710,000 Company, Inc. 9/8/2015 5,601
      Royal Bank of Scotland    
Chinese Yuan Renminbi 14,000,000 2,225,755 PLC 8/5/2013 16,621
      Royal Bank of Scotland    
Chinese Yuan Renminbi 7,499,973 1,229,000 PLC 4/25/2014 (17,613)
Chinese Yuan Renminbi 10,646,650 1,662,500 UBS AG 6/1/2012 13,800
Chinese Yuan Renminbi 15,000,000 2,389,867 UBS AG 8/5/2013 12,679
Chinese Yuan Renminbi 8,792,825 1,445,000 UBS AG 4/25/2014 (24,793)
Danish Krone 32,480,000 6,094,289 Deutsche Bank AG 10/7/2011 (246,782)
Euro 1,433,000 1,936,255 Barclays Bank PLC 10/3/2011 (16,394)
Euro 556,000 747,909 Barclays Bank PLC 10/7/2011 (3,026)
Euro 1,071,000 1,460,560 Citibank N.A. 10/6/2011 (25,711)
Euro 1,645,000 2,361,245 Citibank N.A. 10/19/2011 (157,619)
Euro 26,051,000 35,305,839 Citibank N.A. 11/18/2011 (414,260)
Euro 5,842,000 7,864,947 Credit Suisse London 10/3/2011 (38,128)
473

 


      Goldman Sachs    
Euro 21,956,000 29,613,912 International 11/18/2011 (206,999)
Euro 3,071,000 4,143,547 HSBC BankUSA 10/3/2011 (29,175)
Euro 556,000 750,411 HSBC BankUSA 10/7/2011 (5,528)
Euro 1,995,000 2,682,268 JPMorgan Chase Bank 10/3/2011 (9,467)
Euro 1,051,000 1,428,411 JPMorgan Chase Bank 10/6/2011 (20,356)
Euro 508,000 684,713 JPMorgan Chase Bank 10/7/2011 (4,136)
Euro 6,029,000 8,275,112 JPMorgan Chase Bank 11/18/2011 (200,131)
      Morgan Stanley and    
Euro 2,087,000 2,800,963 Company, Inc. 10/3/2011 (4,905)
      Royal Bank of Scotland    
Euro 1,990,000 2,713,371 PLC 10/6/2011 (47,311)
Euro 1,631,000 2,203,775 UBS AG 10/3/2011 (18,643)
Euro 556,000 750,203 UBS AG 10/7/2011 (5,320)
Euro 2,340,000 3,187,386 UBS AG 11/18/2011 (53,292)
Hong Kong Dollar 21,470,478 2,758,000 Credit Suisse London 12/12/2011 1,301
Hong Kong Dollar 8,644,802 1,111,000 Deutsche Bank AG 12/12/2011 (4)
Hong Kong Dollar 8,341,125 1,072,000 HSBC BankUSA 12/12/2011 (31)
Hong Kong Dollar 14,906,121 1,916,000 HSBC BankUSA 12/21/2011 (143)
      Morgan Stanley and    
Hong Kong Dollar 10,743,300 1,380,000 Company, Inc. 12/12/2011 687
Hong Kong Dollar 19,380,321 2,490,000 UBS AG 12/12/2011 683
Indian Rupee 66,203,853 1,465,335 UBS AG 11/18/2011 (122,175)
Indonesian Rupiah 25,281,600,000 2,797,566 Citibank N.A. 1/31/2012 49,391
Indonesian Rupiah 5,426,000,000 585,013 Deutsche Bank AG 10/31/2011 30,936
      Royal Bank of Scotland    
Indonesian Rupiah 11,453,890,000 1,240,730 PLC 10/31/2011 59,495
Japanese Yen 11,487,956,000 150,503,812 Credit Suisse London 10/28/2011 (1,509,594)
Japanese Yen 272,974,000 3,559,939 Royal Bank of Canada 10/4/2011 (20,797)
Japanese Yen 12,051,506,000 157,886,886 UBS AG 10/28/2011 (1,583,648)
Malaysian Ringgit 5,367,442 1,767,350 UBS AG 4/23/2012 (94,593)
Mexican Peso 50,944,274 4,329,000 Barclays Bank PLC 11/18/2011 (671,149)
Mexican Peso 14,137,200 1,200,000 BNP Paribas SA 11/18/2011 (184,935)
Mexican Peso 24,687,914 2,091,000 Citibank N.A. 11/18/2011 (318,383)
Mexican Peso 1,685,660 143,338 Deutsche Bank AG 11/18/2011 (22,306)
Mexican Peso 38,674,896 3,187,000 HSBC BankUSA 11/18/2011 (410,103)
      Morgan Stanley and    
Mexican Peso 158,410,748 13,283,093 Company, Inc. 11/18/2011 (1,909,040)
 
474

 


Mexican Peso 25,200,669 1,827,000 UBS AG 11/18/2011 (17,566)
      Goldman Sachs    
Norwegian Krone 2,783,000 513,972 International 10/7/2011 (39,943)
Philippine Peso 80,000,000 1,844,020 Citibank N.A. 3/15/2012 (21,858)
Philippine Peso 260,256,860 5,987,045 JPMorgan Chase Bank 3/15/2012 (59,170)
Pound Sterling 381,000 602,798 Citibank N.A. 12/8/2011 (9,048)
Singapore Dollar 1,436,000 1,105,426 Barclays Bank PLC 12/9/2011 (7,172)
Singapore Dollar 10,306,883 7,945,000 Citibank N.A. 12/9/2011 (62,288)
      Goldman Sachs    
Singapore Dollar 1,573,207 1,224,000 International 12/9/2011 (20,810)
Singapore Dollar 4,354,034 3,370,000 HSBC BankUSA 12/9/2011 (40,031)
Singapore Dollar 1,345,365 1,046,000 JPMorgan Chase Bank 12/9/2011 (17,064)
      Royal Bank of Scotland    
Singapore Dollar 200,000 165,481 PLC 12/9/2011 (12,521)
Singapore Dollar 3,726,457 2,934,449 UBS AG 12/9/2011 (84,451)
South African Rand 273,692 38,897 HSBC BankUSA 10/28/2011 (5,120)
South Korean Won 6,174,654,088 5,231,961 JPMorgan Chase Bank 11/14/2011 9,680
      Morgan Stanley and    
South Korean Won 3,806,264,000 3,256,000 Company, Inc. 11/14/2011 (24,876)
South Korean Won 998,745,600 839,000 UBS AG 11/14/2011 8,832
Swedish Krona 15,669,000 2,427,515 Barclays Bank PLC 10/7/2011 (144,200)
Swedish Krona 15,670,000 2,434,591 Deutsche Bank AG 10/7/2011 (151,130)
Swiss Franc 21,000 23,370 Royal Bank of Canada 10/4/2011 (201)
Taiwan Dollar 20,000,000 698,568 Barclays Capital 1/11/2012 (40,233)
Taiwan Dollar 74,714,605 2,602,299 JPMorgan Chase Bank 1/11/2012 (142,939)
    $574,550,392     ($9,320,281)
Sells          
Australian Dollar 26,647,000 $25,972,431 Deutsche Bank AG 11/10/2011 $302,021
Australian Dollar 197,000 193,825 UBS AG 10/6/2011 3,212
Canadian Dollar 1,335,000 1,295,471 Citibank N.A. 10/3/2011 21,495
Canadian Dollar 657,000 631,957 Citibank N.A. 10/31/2011 5,400
Canadian Dollar 14,207,000 14,316,016 Deutsche Bank AG 10/31/2011 767,301
      Morgan Stanley and    
Canadian Dollar 639,000 628,683 Company, Inc. 10/31/2011 19,292
Chilean Peso 10,248,800 21,502 JPMorgan Chase Bank 10/26/2011 1,838
Euro 6,824,000 9,299,809 Barclays Bank PLC 11/18/2011 160,039
Euro 16,059,000 21,784,034 Citibank N.A. 10/3/2011 268,991
Euro 3,308,000 4,557,820 Citibank N.A. 11/18/2011 127,228
 
475

 


Euro 4,268,000 6,146,680 JPMorgan Chase Bank 11/18/2011 430,306
Euro 5,497,000 7,777,762 Royal Bank of Canada 11/18/2011 415,317
      Royal Bank of Scotland    
Euro 61,310,000 87,838,472 PLC 11/18/2011 5,722,518
Euro 950,000 1,368,595 UBS AG 11/18/2011 96,206
Indian Rupee 65,816,370 1,359,000 Deutsche Bank AG 7/12/2012 44,584
Indonesian Rupiah 21,051,750,000 2,449,302 Deutsche Bank AG 10/31/2011 59,545
Indonesian Rupiah 21,233,400,000 2,469,000 HSBC BankUSA 10/31/2011 58,623
Japanese Yen 121,562,000 1,590,023 Barclays Bank PLC 10/4/2011 13,956
Japanese Yen 153,468,800 2,000,000 Deutsche Bank AG 10/4/2011 10,258
Japanese Yen 1,025,288,000 13,357,583 JPMorgan Chase Bank 10/17/2011 62,110
Japanese Yen 272,974,000 3,560,896 Royal Bank of Canada 10/28/2011 20,532
Malaysian Ringgit 5,420,315 1,765,000 Citibank N.A. 4/23/2012 75,765
Mexican Peso 9,933,528 788,000 Barclays Bank PLC 11/18/2011 74,763
Mexican Peso 15,867,930 1,334,000 Citibank N.A. 11/18/2011 194,666
Mexican Peso 80,000,000 6,789,558 HSBC BankUSA 10/20/2011 1,029,857
Mexican Peso 266,472,831 21,104,220 HSBC BankUSA 11/18/2011 1,971,200
      Morgan Stanley and    
Mexican Peso 131,866,389 11,193,000 Company, Inc. 11/18/2011 1,724,859
Mexican Peso 46,686,826 3,880,000 UBS AG 11/18/2011 527,838
New Zealand Dollar 33,472,000 26,114,854 Citibank N.A. 10/20/2011 626,521
Philippine Peso 141,979,660 3,276,000 Barclays Capital 11/15/2011 35,398
Philippine Peso 71,130,890 1,667,000 Citibank N.A. 3/15/2012 46,850
Philippine Peso 80,519,400 1,860,000 JPMorgan Chase Bank 11/15/2011 22,192
      Morgan Stanley and    
Philippine Peso 44,722,600 1,030,000 Company, Inc. 11/15/2011 9,233
Pound Sterling 1,280,000 2,001,293 Barclays Bank PLC 12/8/2011 6,545
Pound Sterling 9,235,000 14,717,214 Citibank N.A. 12/8/2011 325,421
Pound Sterling 255,000 399,880 JPMorgan Chase Bank 10/6/2011 2,241
Pound Sterling 200,000 311,792 JPMorgan Chase Bank 10/7/2011 (79)
Pound Sterling 2,409,000 3,794,753 JPMorgan Chase Bank 12/8/2011 40,576
Pound Sterling 1,593,000 2,446,733 Royal Bank of Canada 12/8/2011 (35,793)
Singapore Dollar 1,091,211 883,000 Deutsche Bank AG 12/9/2011 48,441
Swiss Franc 21,000 23,371 Royal Bank of Canada 10/7/2011 201
Swiss Franc 74,270 86,000 UBS AG 10/4/2011 4,061
Taiwan Dollar 51,768,920 1,841,000 Barclays Capital 1/11/2012 136,937
Taiwan Dollar 42,982,620 1,471,000 Citibank N.A. 1/11/2012 56,153
    $317,396,529     $15,534,618
 
476

 


Heritage Trust            
The Portfolio uses forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended September 30,
2011, the Portfolio held forward foreign currency contracts with USD absolute notional values ranging from approximately $0.5 million to $1.4 million, as
measured at each quarter end.          
    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
Heritage Trust Buys          
        Credit Suisse Securities    
  Pound Sterling 13,455 $21,049 (USA) LLC 10/31/2011 ($73)
      $21,049     ($73)
  Sells          
  Euro 563,103 $766,171 UBS AG 10/31/2011 $11,915
        Credit Suisse Securities    
  Pound Sterling 398,941 623,887 (USA) LLC 10/31/2011 1,949
      $1,390,058     $13,864
 
High Yield Trust            
The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended September 30,
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 Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
High Yield Trust Buys          
  Euro 277,409 $398,421 Barclays Bank PLC 11/16/2011 ($26,868)
  Euro 1,065,619 1,517,781 Citibank N.A. 11/16/2011 (90,527)
      $1,916,202     ($117,395)
  Sells          
  Euro 604,990 $825,630 JPMorgan Chase Bank 10/17/2011 $15,179
  Euro 2,040,538 2,933,853 Citibank N.A. 11/16/2011 200,826
  Euro 988,476 1,395,461 UBS AG 11/16/2011 71,530
      $5,154,944     $287,535
 
International Core Trust          
 
 
 
477

 


The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended September 30,
2011, the Portfolio held forward foreign currency contracts with USD notional absolute values ranging from approximately $125.0 million to $224.3 million, as
measured at each quarter end.          
    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
International Core            
Trust Buys          
        Royal Bank of Scotland    
  Danish Krone 14,635,827 $2,687,144 PLC 10/21/2011 ($52,317)
        Morgan Stanley Capital    
  Euro 4,956,000 7,149,109 Services, Inc. 10/21/2011 (510,206)
  Hong Kong Dollar 22,452,903 2,883,050 Barclays Bank PLC 10/21/2011 784
        Brown Brothers    
  Hong Kong Dollar 36,072,538 4,632,197 Harriman & Company 10/21/2011 933
  Hong Kong Dollar 16,119,640 2,069,858 JPMorgan Chase Bank 10/21/2011 536
        Morgan Stanley Capital    
  Hong Kong Dollar 28,717,903 3,687,784 Services, Inc. 10/21/2011 722
        State Street Bank &    
  Hong Kong Dollar 41,351,807 5,311,831 Trust Company 10/21/2011 (636)
  Japanese Yen 589,220,000 7,707,764 Bank of America N.A. 10/21/2011 (66,585)
  Pound Sterling 1,283,988 2,098,038 Bank of America N.A. 10/21/2011 (96,131)
        Brown Brothers    
  Pound Sterling 972,372 1,592,308 Harriman & Company 10/21/2011 (76,252)
  Pound Sterling 4,213,301 6,898,438 Deutsche Bank AG 10/21/2011 (329,346)
  Pound Sterling 7,075,397 11,579,878 Mellon Bank N.A. 10/21/2011 (548,400)
        Morgan Stanley Capital    
  Pound Sterling 2,446,000 4,005,981 Services, Inc. 10/21/2011 (192,344)
        State Street Bank &    
  Pound Sterling 2,053,513 3,360,841 Trust Company 10/21/2011 (159,143)
  Singapore Dollar 13,673,779 11,358,846 Bank of America N.A. 10/21/2011 (903,693)
  Singapore Dollar 1,704,494 1,417,017 Mellon Bank N.A. 10/21/2011 (113,738)
        Royal Bank of Scotland    
  Singapore Dollar 3,172,496 2,635,960 PLC 10/21/2011 (210,227)
        State Street Bank &    
  Singapore Dollar 2,720,643 2,261,361 Trust Company 10/21/2011 (181,121)
  Swiss Franc 3,781,362 4,438,722 JPMorgan Chase Bank 10/21/2011 (265,234)
  Swiss Franc 334,215 429,133 Mellon Bank N.A. 10/21/2011 (60,260)
 
 
478

 


        Morgan Stanley Capital    
  Swiss Franc 1,604,000 2,054,619 Services, Inc. 10/21/2011 (284,285)
      $90,259,879     ($4,046,943)
  Sells          
        Brown Brothers    
  Canadian Dollar 5,231,941 $5,298,320 Harriman & Company 10/21/2011 $307,635
  Canadian Dollar 3,483,809 3,537,419 Deutsche Bank AG 10/21/2011 214,256
  Canadian Dollar 5,776,953 5,849,901 Mellon Bank N.A. 10/21/2011 339,336
        Royal Bank of Scotland    
  Canadian Dollar 2,623,189 2,672,445 PLC 10/21/2011 170,218
        Royal Bank of Scotland    
  Danish Krone 21,872,103 4,214,692 PLC 10/21/2011 277,147
        State Street Bank &    
  Danish Krone 10,145,862 1,955,429 Trust Company 10/21/2011 128,912
  Euro 403,252 578,785 Bank of America N.A. 10/21/2011 38,601
  Euro 3,097,011 4,449,705 JPMorgan Chase Bank 10/21/2011 301,045
        Morgan Stanley Capital    
  Euro 9,794,222 13,548,764 Services, Inc. 10/21/2011 428,729
        State Street Bank &    
  Hong Kong Dollar 15,312,442 1,963,040 Trust Company 10/21/2011 (3,679)
  Japanese Yen 673,921,050 8,786,700 Bank of America N.A. 10/21/2011 47,093
  Japanese Yen 920,159,782 12,003,209 JPMorgan Chase Bank 10/21/2011 70,305
        State Street Bank &    
  Japanese Yen 303,914,000 3,963,381 Trust Company 10/21/2011 22,134
        Brown Brothers    
  New Zealand Dollar 1,265,509 1,056,240 Harriman & Company 10/21/2011 92,646
        Royal Bank of Scotland    
  New Zealand Dollar 2,038,511 1,681,435 PLC 10/21/2011 129,256
  Singapore Dollar 1,575,367 1,267,340 Bank of America N.A. 10/21/2011 62,793
  Swedish Krona 2,289,000 354,088 Bank of America N.A. 10/21/2011 20,767
      $73,180,893     $2,647,194
 
International Equity Index Trust A          
The Portfolio used forward foreign currency contracts to gain exposure to foreign currencies. During the period ended September 30, 2011, the Portfolio held
forward foreign currency contracts with USD absolute notional values ranging from approximately $9.2 million to $12.8 million, as measured at each quarter
end.            
    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
 
479

 


International            
Equity Index Trust            
A Buys          
  Australian Dollar 700,000 $744,128 Societe Generale 10/21/2011 ($68,099)
  Canadian Dollar 750,000 780,908 Societe Generale 10/21/2011 (65,492)
  Euro 2,400,000 3,389,520 JPMorgan Chase Bank 10/21/2011 (174,555)
  Hong Kong Dollar 5,000,000 642,352 Credit Suisse London 10/21/2011 (155)
  Japanese Yen 325,000,000 4,116,373 UBS AG 10/21/2011 98,323
  Pound Sterling 1,200,000 1,930,980 JPMorgan Chase Bank 10/21/2011 (60,022)
  Swedish Krona 8,000,000 1,229,217 UBS AG 10/21/2011 (64,267)
      $12,833,478     ($334,267)
 
International Equity Index Trust B          
The Portfolio used forward foreign currency contracts to gain exposure to foreign currencies. During the period ended September 30, 2011, the Portfolio held
forward foreign currency contracts with USD absolute notional values ranging from approximately $9.1 million to $10.5 million, as measured at each quarter
end.            
 
    Principal Amount Principal 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 $850,432 Societe Generale 10/21/2011 ($77,827)
  Canadian Dollar 1,000,000 1,041,211 Societe Generale 10/21/2011 (87,323)
  Euro 2,000,000 2,824,600 JPMorgan Chase Bank 10/21/2011 (145,462)
  Hong Kong Dollar 3,500,000 449,646 Credit Suisse London 10/21/2011 (109)
  Japanese Yen 280,000,000 3,546,414 UBS AG 10/21/2011 84,709
  Pound Sterling 800,000 1,287,320 JPMorgan Chase Bank 10/21/2011 (40,014)
  Swedish Krona 3,500,000 537,782 UBS AG 10/21/2011 (28,117)
      $10,537,405     ($294,143)
 
International Opportunities Trust          
The Portfolio used forward foreign contracts to manage against anticipated currency exchange rates. During the period ended September 30, 2011, the Portfolio
held forward foreign contracts with USD absolute notional values ranging from approximately $44.9 million to 78.4 million, as measured at each quarter end.
    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
 
 
480

 


International            
Opportunities            
Trust Buys          
        State Street Bank &    
  Japanese Yen 3,115,951,048 $39,863,978 Trust Company 10/11/2011 $538,782
      $39,863,978     $538,782
  Sells          
        State Street Bank &    
  Japanese Yen 3,115,951,048 $38,572,009 Trust Company 10/11/2011 ($1,830,751)
      $38,572,009     ($1,830,751)
 
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 September 30, 2011, the Portfolio held forward foreign currency contracts with USD notional absolute values ranging from
approximately $11.8 million to $78.6 million, as measured at each quarter end.      
    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
Investment            
Quality Bond            
Trust Buys          
  Brazilian Real 3,760,000 $2,264,060 Royal Bank of Canada 12/2/2011 ($287,828)
  Mexican Peso 21,780,000 1,711,121 Citibank N.A. 12/21/2011 (151,870)
  Mexican Peso 7,260,000 564,914 Royal Bank of Canada 12/21/2011 (45,164)
      $4,540,095     ($484,862)
  Sells          
  Brazilian Real 8,630,000 $5,115,566 Royal Bank of Canada 12/2/2011 $579,695
  Mexican Peso 29,040,000 2,185,616 Royal Bank of Canada 12/21/2011 106,614
      $7,301,182     $686,309
 
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 September 30, 2011, the Portfolio held forward foreign currency contracts with USD notional absolute values ranging from
approximately $113.9 million to $168.7 million, as measured at each quarter end      
    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
Mutual Shares            
Trust Buys          
 
481

 


Euro 222,733 $303,566 Bank of America N.A. 3/15/2012 ($5,275)
Euro 1,289,050 1,740,384 Deutsche Bank AG 3/15/2012 (14,056)
      State Street Bank &    
Euro 210,817 284,043 Trust Company 3/15/2012 (1,711)
Japanese Yen 36,917,920 453,567 Bank of America N.A. 10/20/2011 25,188
Japanese Yen 62,429,216 784,123 Barclays Bank PLC 10/20/2011 25,466
Japanese Yen 86,428,144 1,082,225 Deutsche Bank AG 10/20/2011 38,584
Japanese Yen 18,935,259 243,478 HSBC BankUSA 10/20/2011 2,077
  State Street Bank &    
Japanese Yen 11,000,000 136,107 Trust Company 10/20/2011 6,543
Norwegian Krone 4,464,918 790,009 Bank of America N.A. 12/19/2011 (32,112)
Norwegian Krone 441,900 77,853 Deutsche Bank AG 12/19/2011 (2,842)
Pound Sterling 628,078 1,012,583 Bank of America N.A. 11/18/2011 (33,600)
Pound Sterling 497,139 778,220 Barclays Bank PLC 11/18/2011 (3,330)
Pound Sterling 895,865 1,476,099 Deutsche Bank AG 11/18/2011 (79,716)
      State Street Bank &    
Pound Sterling 328,354 518,349 Trust Company 11/18/2011 (6,545)
Swiss Franc 230,571 $255,381 Bank of America N.A. 2/10/2012 ($218)
Swiss Franc 1,054,089 1,174,519 Barclays Bank PLC 2/10/2012 (8,003)
Swiss Franc 4,092,097 5,020,375 Deutsche Bank AG 2/10/2012 (491,821)
      State Street Bank &    
Swiss Franc 261,555 336,364 Trust Company 2/10/2012 (46,911)
    $16,467,245     ($628,282)
Sells          
Australian Dollar 556,600 $587,957 Bank of America N.A. 12/21/2011 $54,323
Australian Dollar 2,264,768 2,316,858 Bank of America N.A. 2/23/2012 159,640
Australian Dollar 48,728 51,480 Barclays Bank PLC 12/21/2011 4,762
Australian Dollar 136,977 132,194 Barclays Bank PLC 2/23/2012 1,722
Australian Dollar 55,123 53,199 Deutsche Bank AG 2/23/2012 694
Euro 22,587,758 30,900,053 Bank of America N.A. 3/15/2012 649,958
Euro 619,559 853,595 Barclays Bank PLC 3/15/2012 23,866
Euro 403,196 558,770 Deutsche Bank AG 3/15/2012 18,799
Japanese Yen 148,339,731 1,800,239 Bank of America N.A. 10/20/2011 (123,449)
Japanese Yen 9,964,320 120,000 Barclays Bank PLC 10/20/2011 (9,218)
Japanese Yen 41,437,970 506,627 Deutsche Bank AG 10/20/2011 (30,745)
Japanese Yen 81,943,126 1,003,192 HSBC BankUSA 10/20/2011 (59,455)
      State Street Bank &    
Norwegian Krone 10,627,014 1,966,746 Trust Company 12/19/2011 162,863
 
482

 


  Pound Sterling 15,330,439 24,818,294 Bank of America N.A. 11/18/2011 922,764
  Pound Sterling 7,866,471 12,725,314 Barclays Bank PLC 11/18/2011 463,858
  Pound Sterling 290,000 476,258 Deutsche Bank AG 11/18/2011 24,236
  Pound Sterling 158,425 247,682 HSBC BankUSA 11/18/2011 745
        State Street Bank &    
  Pound Sterling 3,223,214 5,192,150 Trust Company 11/18/2011 168,132
  Swiss Franc 237,435 305,894 Bank of America N.A. 2/10/2012 43,135
  Swiss Franc 4,732,200 6,232,105 Barclays Bank PLC 2/10/2012 995,175
  Swiss Franc 5,010,288 6,579,069 Deutsche Bank AG 2/10/2012 1,034,390
      $97,427,676     $4,506,195
 
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 September 30, 2011, the Portfolio held forward foreign currency contracts with USD notional absolute values ranging from
approximately $356.7 million to $505.0 million, as measured at each quarter end.      
    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
New Income Trust Buys          
  Brazilian Real 32,115,000 $17,782,392 Barclays Bank PLC 10/4/2011 ($702,217)
        Goldman Sachs    
  Canadian Dollar 6,665,000 6,469,241 International 11/14/2011 (114,906)
  Chinese Yuan Renminbi 79,300,000 12,464,634 Credit Suisse London 9/28/2012 64,346
  Chinese Yuan Renminbi 97,335,000 15,251,489 Deutsche Bank AG 6/25/2012 76,635
        Morgan Stanley and    
  Chinese Yuan Renminbi 47,740,000 7,321,524 Company, Inc. 12/19/2011 162,727
        State Street Bank    
  Chinese Yuan Renminbi 102,140,000 15,659,640 London 12/19/2011 352,959
        Morgan Stanley and    
  Malaysian Ringgit 111,440,000 36,895,775 Company, Inc. 10/7/2011 (1,992,983)
        Standard Chartered    
  Malaysian Ringgit 43,995,000 13,585,832 Bank 10/5/2011 194,375
  Norwegian Krone 33,075,000 5,631,992 Barclays Bank PLC 11/28/2011 (12,215)
  Norwegian Krone 46,425,000 8,421,921 Royal Bank of Canada 11/9/2011 (526,724)
        Royal Bank of Scotland    
  Pound Sterling 4,410,000 6,895,476 PLC 12/5/2011 (22,753)
  Pound Sterling 4,620,000 7,397,174 UBS AG 10/5/2011 (192,816)
        Standard Chartered    
  Singapore Dollar 8,535,000 6,861,209 Bank 11/16/2011 (334,567)
 
483

 


        State Street Bank    
  Singapore Dollar 8,740,000 7,105,691 London 10/13/2011 (423,089)
  South Korean Won 16,472,760,000 15,148,062 Citibank N.A. 11/14/2011 (1,164,395)
  Swedish Krona 93,885,000 13,549,770 Credit Suisse Securities 11/28/2011 96,001
      $196,441,822     ($4,539,622)
  Sells          
  Brazilian Real 33,660,000 $18,421,629 Barclays Bank PLC 12/2/2011 $730,154
  Brazilian Real 32,115,000 19,704,872 Royal Bank of Canada 10/4/2011 2,624,696
  Canadian Dollar 6,665,000 6,683,312 Royal Bank of Canada 11/14/2011 328,978
  Chinese Yuan Renminbi 149,880,000 23,434,847 Credit Suisse London 12/19/2011 (62,004)
  Euro 6,055,000 8,464,527 Deutsche Bank AG 11/8/2011 354,449
        Merrill Lynch    
  Euro 6,525,000 8,889,921 International 11/8/2011 150,324
        Royal Bank of Scotland    
  Euro 43,665,000 58,633,799 PLC 11/28/2011 152,764
        Standard Chartered    
  Malaysian Ringgit 111,440,000 35,833,421 Bank 10/7/2011 930,629
  Mexican Peso 172,850,000 13,323,416 UBS AG 11/14/2011 908,043
        Royal Bank of Scotland    
  Pound Sterling 4,620,000 7,227,805 PLC 10/5/2011 23,447
      $200,617,549     $6,141,480
 
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 September 30, 2011, the Portfolio held forward foreign currency contracts with USD
notional absolute values ranging from approximately $25.5 million to $36.2 million, as measured at each quarter end.    
 
    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
Real Return Bond            
Trust Buys          
  Australian Dollar 100,000 $97,390 Royal Bank of Canada 10/4/2011 ($620)
  Brazilian Real 391,953 237,159 Barclays Capital 11/3/2011 (30,150)
  Brazilian Real 30,000 18,785 HSBC BankUSA 11/3/2011 (2,941)
        Morgan Stanley and    
  Brazilian Real 30,000 18,972 Company, Inc. 11/3/2011 (3,127)
  Canadian Dollar 1,060,000 1,068,134 Deutsche Bank AG 10/31/2011 (57,249)
  Chinese Yuan Renminbi 461,000 71,751 Barclays Capital 11/15/2011 484
  Chinese Yuan Renminbi 2,775,519 427,233 Citibank N.A. 11/15/2011 7,671
 
484

 


Chinese Yuan Renminbi 3,242,426 504,253 JPMorgan Chase Bank 11/15/2011 3,811
Euro 214,000 301,163 UBS AG 11/18/2011 (14,540)
Indian Rupee 56,690,010 1,219,665 JPMorgan Chase Bank 7/12/2012 (87,510)
Malaysian Ringgit 104,618 35,083 Citibank N.A. 11/10/2011 (2,358)
Malaysian Ringgit 1,433,203 472,536 JPMorgan Chase Bank 4/23/2012 (25,880)
      Morgan Stanley and    
Mexican Peso 7,897,430 673,239 Company, Inc. 11/18/2011 (106,195)
      Royal Bank of Scotland    
Singapore Dollar 200,000 $165,481 PLC 12/9/2011 ($12,521)
Singapore Dollar 659,472 547,393 UBS AG 12/9/2011 (43,029)
South Korean Won 1,875,340,000 1,763,283 JPMorgan Chase Bank 11/14/2011 (171,314)
    $7,621,520     ($545,468)
Sells          
Australian Dollar 300,000 $292,558 Citibank N.A. 11/10/2011 $3,552
Australian Dollar 3,726,000 3,631,678 Deutsche Bank AG 11/10/2011 42,231
Australian Dollar 100,000 99,575 JPMorgan Chase Bank 10/4/2011 2,805
Australian Dollar 100,000 96,938 Royal Bank of Canada 11/10/2011 603
Brazilian Real 159,100 97,787 Deutsche Bank AG 11/3/2011 13,759
Euro 10,000 13,778 Citibank N.A. 11/18/2011 385
      Royal Bank of Scotland    
Euro 9,162,000 13,103,263 PLC 11/18/2011 832,078
Indian Rupee 7,052,923 152,436 Barclays Capital 11/18/2011 9,344
Japanese Yen 15,796,000 196,574 Citibank N.A. 10/17/2011 (8,261)
Japanese Yen 560,000,000 7,197,943 JPMorgan Chase Bank 10/31/2011 (65,347)
Pound Sterling 674,000 1,075,798 Barclays Bank PLC 12/8/2011 25,439
Pound Sterling 139,000 219,438 Citibank N.A. 12/8/2011 2,821
      Goldman Sachs    
Pound Sterling 847,000 1,313,299 International 12/8/2011 (6,663)
Pound Sterling 195,000 308,176 JPMorgan Chase Bank 12/8/2011 4,289
Pound Sterling 46,000 73,401 UBS AG 12/8/2011 1,715
      Morgan Stanley and    
South Korean Won 619,400,093 544,802 Company, Inc. 11/14/2011 18,995
    $28,417,444     $877,745
 
Strategic Allocation Trust          
The Portfolio used forward foreign currency exchange contracts to manage against anticipated currency exchange rate changes. During the period ended
September 30, 2011, the Portfolio held foreign forward currency contracts with USD notional absolute values up to approximately $5.3 million, as measured at
each quarter end.          
 
 
485

 


    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
Strategic            
Allocation Trust Buys          
  Euro 1,591,558 $2,179,207 Bank of Montreal 1/25/2012 ($47,691)
        Toronto Dominion    
  Euro 45,885 62,650 Bank 1/25/2012 (1,198)
  Pound Sterling 994,952 1,552,240 Bank of Montreal 1/25/2012 (2,387)
        Toronto Dominion    
  Pound Sterling 36,782 57,547 Bank 1/25/2012 (251)
  Japanese Yen 97,721,900 1,280,979 Bank of Montreal 1/25/2012 (11,708)
      $5,132,623     ($63,235)
  Sells          
  Euro 15,300 $20,678 Bank of Montreal 1/25/2012 $187
        Toronto Dominion    
  Euro 85,267 115,327 Bank 1/25/2012 1,132
      $136,005     $1,319
 
Strategic Income Opportunities Trust          
The Portfolio used forward foreign currency contracts to manage against anticipated currency exchange rate changes. During the period ended September 30,
2011, the Portfolio held forward foreign currency contracts with USD notional absolute values ranging from approximately $89.9 million to $1.1 billion, as
measured at each quarter end.          
    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
Strategic Income            
Opportunities            
Trust Buys          
        Canadian Imperial Bank    
  Australian Dollar 1,625,000 $1,629,469 of Commerce 1/25/2012 ($77,195)
  Canadian Dollar 14,894,550 15,000,000 Royal Bank of Canada 1/25/2012 (815,945)
  Mexican Peso 48,484,500 3,576,555 Bank of Nova Scotia 1/25/2012 (115,846)
  New Zealand Dollar 1,600,000 1,236,400 Royal Bank of Canada 1/25/2012 (26,331)
        Royal Bank of Scotland    
  Singapore Dollar 4,794,188 3,750,000 PLC 1/25/2012 (81,260)
      $25,192,424     ($1,116,577)
  Sells          
  Australian Dollar 14,725,000 $14,249,132 Bank of Montreal 1/25/2012 $183,141
 
 
486

 


        State Street Bank &    
  Australian Dollar 5,398,985 5,434,780 Trust Company 1/25/2012 277,424
  Euro 12,147,231 16,679,728 Bank of Nova Scotia 1/25/2012 411,382
        State Street Bank &    
  Pound Sterling 1,625,000 2,536,219 Trust Company 1/25/2012 4,929
  New Zealand Dollar 32,648,735 25,790,544 Bank of Montreal 1/25/2012 1,098,541
      $64,690,403     $1,975,417
 
Total Return 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 September 30, 2011, the Portfolio held forward foreign currency contracts with USD
notional absolute values ranging from approximately $648.1 million to $1.8 billion, as measured at each quarter end.    
    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
Total Return Trust Buys          
  Brazilian Real 95,222,947 $58,562,698 HSBC BankUSA 11/3/2011 ($8,270,959)
  Canadian Dollar 26,100,000 25,327,191 Citibank N.A. 10/3/2011 (420,235)
  Chinese Yuan Renminbi 10,414,000 1,607,004 Barclays Capital 11/15/2011 24,795
  Chinese Yuan Renminbi 37,011,000 5,788,758 Barclays Capital 2/13/2012 22,661
  Chinese Yuan Renminbi 36,474,500 5,700,000 Barclays Capital 6/1/2012 42,859
  Chinese Yuan Renminbi 13,402,690 2,100,000 Citibank N.A. 6/1/2012 10,235
  Chinese Yuan Renminbi 14,519,900 2,300,000 Citibank N.A. 2/1/2013 6,687
  Chinese Yuan Renminbi 10,846,000 1,717,906 Deutsche Bank AG 6/1/2012 (10,219)
        Goldman Sachs    
  Chinese Yuan Renminbi 7,572,000 1,200,000 International 2/1/2013 2,917
  Chinese Yuan Renminbi 31,089,450 4,842,216 HSBC BankUSA 11/15/2011 29,277
  Chinese Yuan Renminbi 6,426,300 1,000,000 HSBC BankUSA 2/13/2012 9,049
  Chinese Yuan Renminbi 54,291,700 8,500,000 HSBC BankUSA 6/1/2012 48,152
  Chinese Yuan Renminbi 36,651,000 5,698,086 JPMorgan Chase Bank 11/15/2011 44,862
  Chinese Yuan Renminbi 79,927,100 12,500,000 JPMorgan Chase Bank 6/1/2012 84,410
        Morgan Stanley and    
  Chinese Yuan Renminbi 7,013,650 1,100,000 Company, Inc. 6/1/2012 4,289
        Royal Bank of Scotland    
  Chinese Yuan Renminbi 7,068,475 1,092,331 PLC 11/15/2011 15,248
        Royal Bank of Scotland    
  Chinese Yuan Renminbi 3,846,600 600,000 PLC 6/1/2012 5,642
  Euro 2,978,000 4,293,725 Barclays Bank PLC 10/19/2011 (304,426)
  Euro 9,107,000 12,804,613 Citibank N.A. 10/19/2011 (604,966)
 
487

 


Euro 5,070,000 7,249,915 UBS AG 10/19/2011 (458,193)
Indian Rupee 148,125,000 3,220,809 Barclays Capital 11/18/2011 (215,611)
Indian Rupee 559,358,000 12,034,380 JPMorgan Chase Bank 7/12/2012 (863,461)
Indonesian Rupiah 17,755,590,000 1,958,049 Bank of America N.A. 1/31/2012 41,405
Indonesian Rupiah 11,922,000,000 1,285,391 Deutsche Bank AG 10/31/2011 67,973
Indonesian Rupiah 9,090,000,000 1,049,654 Deutsche Bank AG 1/31/2012 (26,030)
Indonesian Rupiah 9,305,000,000 1,064,645 HSBC BankUSA 1/31/2012 (16,811)
Indonesian Rupiah 93,416,320,000 10,339,382 HSBC BankUSA 7/2/2012 25,750
      Royal Bank of Scotland    
Indonesian Rupiah 25,167,300,000 2,726,221 PLC 10/31/2011 130,725
Indonesian Rupiah 4,401,000,000 502,111 UBS AG 1/31/2012 (6,515)
Japanese Yen 15,434,000 201,354 Barclays Bank PLC 10/4/2011 (1,250)
Japanese Yen 30,869,000 402,627 Royal Bank of Canada 10/17/2011 (2,332)
Japanese Yen 15,435,000 201,865 UBS AG 10/4/2011 (1,748)
Malaysian Ringgit 20,884,282 6,873,221 UBS AG 4/23/2012 (364,658)
Mexican Peso 46,835,377 1,055,476 Barclays Capital 11/15/2011 13,513
Mexican Peso 144,242,000 3,286,116 Citibank N.A. 11/15/2011 6,123
Mexican Peso 121,600,000 2,802,903 Citibank N.A. 3/15/2012 (33,217)
Mexican Peso 19,822,500 450,000 Deutsche Bank AG 11/15/2011 2,437
Mexican Peso 6,737,345 572,903 Deutsche Bank AG 11/18/2011 (89,155)
      Goldman Sachs    
Mexican Peso 21,960,000 500,000 International 11/15/2011 1,224
Mexican Peso 11,936,200 1,000,000 HSBC BankUSA 11/18/2011 (142,969)
Mexican Peso 57,065,000 1,300,000 JPMorgan Chase Bank 11/15/2011 2,475
Mexican Peso 393,402,000 9,057,602 JPMorgan Chase Bank 3/15/2012 (97,077)
      Morgan Stanley and    
Mexican Peso 558,914,150 46,856,644 Company, Inc. 11/18/2011 (6,726,039)
      Morgan Stanley and    
Mexican Peso 91,263,500 2,095,843 Company, Inc. 3/15/2012 (17,133)
Mexican Peso 4,774,600 400,000 UBS AG 11/18/2011 (57,179)
Singapore Dollar 1,394,346 1,106,409 Citibank N.A. 12/9/2011 (40,007)
Singapore Dollar 20,187,908 16,759,708 JPMorgan Chase Bank 12/9/2011 (1,319,981)
      Royal Bank of Scotland    
Singapore Dollar 5,300,000 4,385,239 PLC 12/9/2011 (331,795)
Singapore Dollar 4,000,000 3,303,978 UBS AG 12/9/2011 (244,775)
South African Rand 88,746,835 12,612,713 HSBC BankUSA 10/28/2011 (1,660,148)
South African Rand 7,600,450 1,042,085 JPMorgan Chase Bank 1/26/2012 (115,331)
South Korean Won 42,172,591,300 39,652,664 JPMorgan Chase Bank 11/14/2011 (3,852,502)
488

 


Taiwan Dollar 68,628,380 2,394,570 Barclays Capital 1/11/2012 (135,545)
    $356,479,005     ($25,787,559)
Sells          
Brazilian Real 6,893,650 $4,000,000 Barclays Capital 11/3/2011 $359,138
      Morgan Stanley and    
Brazilian Real 6,752,780 3,900,000 Company, Inc. 11/3/2011 333,538
Canadian Dollar 17,600,000 17,030,006 Citibank N.A. 10/3/2011 234,510
Canadian Dollar 30,832,000 29,833,610 Citibank N.A. 11/17/2011 440,495
Canadian Dollar 16,993,000 17,107,656 Deutsche Bank AG 11/17/2011 907,694
      Morgan Stanley and    
Canadian Dollar 29,000 28,520 Company, Inc. 11/17/2011 874
Canadian Dollar 23,361,000 23,305,623 Royal Bank of Canada 11/17/2011 1,034,848
Canadian Dollar 8,500,000 8,243,064 UBS AG 10/3/2011 131,603
Canadian Dollar 719,299 700,000 UBS AG 10/6/2011 13,629
Chinese Yuan Renminbi 14,602,300 2,300,000 HSBC BankUSA 6/1/2012 888
Euro 4,895,000 6,950,411 Barclays Bank PLC 10/19/2011 393,117
Euro 3,572,000 5,049,486 BNP Paribas SA 10/19/2011 264,470
Euro 234,000 335,547 Citibank N.A. 10/19/2011 22,083
Euro 2,309,000 3,255,321 Deutsche Bank AG 10/19/2011 162,207
Euro 49,547,000 70,389,660 JPMorgan Chase Bank 10/19/2011 4,016,987
      Morgan Stanley and    
Euro 120,952,000 168,546,612 Company, Inc. 10/19/2011 6,520,505
Indian Rupee 33,622,000 700,000 Barclays Capital 11/18/2011 17,868
Indian Rupee 223,473,000 4,600,000 Citibank N.A. 11/18/2011 66,122
      Goldman Sachs    
Indian Rupee 24,160,000 500,000 International 11/18/2011 9,836
Indian Rupee 43,506,000 900,000 HSBC BankUSA 11/18/2011 17,339
Indonesian Rupiah 43,994,400,000 4,800,000 Citibank N.A. 10/31/2011 (194,164)
Indonesian Rupiah 27,267,000,000 3,000,000 HSBC BankUSA 10/31/2011 (95,300)
Indonesian Rupiah 33,004,000,000 3,700,000 UBS AG 10/31/2011 (46,554)
Japanese Yen 7,059,000,000 89,241,467 Bank of America N.A. 10/24/2011 (2,305,684)
Japanese Yen 2,295,000,000 29,735,683 Bank of America N.A. 11/14/2011 (37,225)
Japanese Yen 4,076,000,000 52,830,594 Barclays Bank PLC 11/14/2011 (47,127)
Japanese Yen 426,000,000 5,555,954 Barclays Bank PLC 11/21/2011 28,873
Japanese Yen 1,140,566,000 14,372,243 Citibank N.A. 10/17/2011 (418,103)
Japanese Yen 5,361,000,000 67,840,579 Citibank N.A. 10/24/2011 (1,685,455)
Japanese Yen 3,100,000,000 40,154,322 Citibank N.A. 11/7/2011 (57,388)
Japanese Yen 2,295,000,000 29,716,816 Citibank N.A. 11/14/2011 (56,091)
489

 


Japanese Yen 1,128,000,000 14,707,992 Citibank N.A. 11/21/2011 72,903
Japanese Yen 7,720,000,000 95,418,196 Deutsche Bank AG 10/11/2011 (4,682,641)
Japanese Yen 1,090,900,000 13,741,718 Deutsche Bank AG 10/17/2011 (404,582)
Japanese Yen 3,270,000,000 41,364,392 Deutsche Bank AG 10/24/2011 (1,043,765)
Japanese Yen 3,402,000,000 44,032,422 Deutsche Bank AG 11/14/2011 (101,534)
Japanese Yen 1,580,000,000 20,598,531 Deutsche Bank AG 11/21/2011 99,027
Japanese Yen 1,114,600,000 14,037,783 JPMorgan Chase Bank 10/17/2011 (415,847)
Japanese Yen 260,000,000 3,341,902 JPMorgan Chase Bank 10/31/2011 (30,340)
Japanese Yen 2,116,000,000 27,588,005 JPMorgan Chase Bank 11/21/2011 134,239
Japanese Yen 30,869,000 402,572 Royal Bank of Canada 10/4/2011 2,352
Japanese Yen 1,379,900,000 17,393,943 UBS AG 10/17/2011 (499,978)
Japanese Yen 3,672,000,000 47,598,678 UBS AG 11/14/2011 (37,974)
Malaysian Ringgit 7,925,000 2,500,000 Barclays Capital 11/10/2011 20,976
Malaysian Ringgit 1,265,000 400,000 HSBC BankUSA 11/10/2011 4,295
Malaysian Ringgit 310,300 100,000 JPMorgan Chase Bank 11/10/2011 2,935
Mexican Peso 602,890,995 50,498,872 Barclays Bank PLC 11/18/2011 7,210,685
Mexican Peso 38,909,100 3,000,000 Deutsche Bank AG 11/18/2011 206,287
      Morgan Stanley and    
Mexican Peso 127,499,300 9,400,000 Company, Inc. 11/18/2011 245,420
Mexican Peso 95,717,750 7,100,000 UBS AG 11/18/2011 227,368
Philippine Peso 117,298,500 2,700,000 Citibank N.A. 11/15/2011 22,731
Philippine Peso 192,073,000 4,400,000 HSBC BankUSA 11/15/2011 16,047
Philippine Peso 149,202,000 3,400,000 JPMorgan Chase Bank 11/15/2011 (5,448)
Philippine Peso 13,056,000 300,000 JPMorgan Chase Bank 3/15/2012 2,623
Pound Sterling 8,447,000 13,482,595 Barclays Bank PLC 12/8/2011 318,818
Pound Sterling 55,000 88,089 Citibank N.A. 12/8/2011 2,377
Singapore Dollar 5,053,960 4,000,000 Citibank N.A. 12/9/2011 134,727
Singapore Dollar 4,358,375 3,500,000 Credit Suisse London 12/9/2011 166,711
      Goldman Sachs    
Singapore Dollar 2,240,820 1,800,000 International 12/9/2011 86,219
Singapore Dollar 4,282,300 3,400,000 UBS AG 12/9/2011 124,894
South African Rand 14,844,200 2,000,000 HSBC BankUSA 10/28/2011 168,024
South African Rand 33,570,730 4,400,000 JPMorgan Chase Bank 10/28/2011 256,913
      Credit Suisse First    
South Korean Won 5,863,814,000 5,100,000 Boston London 11/14/2011 122,229
South Korean Won 10,023,331,300 8,600,000 JPMorgan Chase Bank 11/14/2011 91,230
      Morgan Stanley and    
South Korean Won 2,774,375,000 2,500,000 Company, Inc. 11/14/2011 144,843
 
490

 


  South Korean Won 5,559,360,000 4,800,000 UBS AG 11/14/2011 80,679
      $1,186,318,864     $12,776,976
 
Utilities Trust          
The Portfolio used forward foreign currency exchange contracts to manage against anticipated currency exchange rate changes. During the period ended
September 30, 2011, the Portfolio held foreign forward currency contracts with USD notional absolute values ranging from approximately $26.5 million to $70.9
million, as measured at each quarter end.          
    Principal Amount Principal Amount     Unrealized
    Covered By Covered By   Settlement Appreciation
Portfolio Currency Contract Contract (USD) Counterparty Date (Depreciation)
Utilities Trust Buys          
  Brazilian Real 1,662,853 $896,707 Barclays Bank PLC 10/4/2011 ($12,328)
  Brazilian Real 1,109,037 598,057 Deutsche Bank AG 10/4/2011 (8,222)
  Brazilian Real 8,090,963 4,371,028 JPMorgan Chase Bank 10/4/2011 (67,896)
  Euro 404,513 569,630 Barclays Bank PLC 10/12/2011 (27,718)
  Euro 324,224 464,678 Citibank N.A. 10/12/2011 (30,327)
  Euro 364,776 518,574 Credit Suisse London 10/12/2011 (29,896)
  Euro 47,933 68,737 Deutsche Bank AG 10/12/2011 (4,523)
        Goldman Sachs    
  Euro 659,000 950,161 International 10/12/2011 (67,322)
  Euro 384,308 553,968 JPMorgan Chase Bank 10/12/2011 (39,124)
        Merrill Lynch    
  Euro 200,398 287,048 International 10/12/2011 (18,582)
  Euro 52,439 75,110 UBS AG 10/12/2011 (4,859)
  Pound Sterling 415,352 646,771 Barclays Bank PLC 10/12/2011 877
  Pound Sterling 4,525 7,423 Citibank N.A. 10/12/2011 (367)
  Pound Sterling 115,159 183,268 Credit Suisse London 10/12/2011 (3,704)
  Pound Sterling 124,569 203,000 Deutsche Bank AG 10/12/2011 (8,763)
  Pound Sterling 30,169 47,121 Deutsche Bank AG 1/12/2012 (124)
        Goldman Sachs    
  Pound Sterling 61,741 97,475 International 10/12/2011 (1,203)
  Pound Sterling 167,441 265,808 JPMorgan Chase Bank 10/12/2011 (4,721)
      $10,804,564     ($328,802)
  Sells          
  Brazilian Real 1,662,853 $1,034,756 Barclays Bank PLC 10/4/2011 $150,377
  Brazilian Real 1,404,000 871,238 Barclays Bank PLC 11/3/2011 129,719
  Brazilian Real 1,031,000 636,813 Credit Suisse London 11/4/2011 92,419
  Brazilian Real 1,109,037 687,775 Deutsche Bank AG 10/4/2011 97,940
 
491

 


Brazilian Real 1,336,000 824,691 Deutsche Bank AG 11/4/2011 119,250
Brazilian Real 1,324,861 800,278 HSBC BankUSA 11/7/2011 101,065
Brazilian Real 8,090,963 5,031,498 JPMorgan Chase Bank 10/4/2011 728,366
Brazilian Real 4,559,820 2,625,876 JPMorgan Chase Bank 11/3/2011 217,620
Brazilian Real 843,000 515,004 JPMorgan Chase Bank 11/4/2011 69,879
Euro 28,159 38,421 Barclays Bank PLC 10/12/2011 697
Euro 374,674 529,669 Citibank N.A. 10/12/2011 27,732
Euro 178,752 247,567 Credit Suisse London 10/12/2011 8,100
Euro 236,794 338,249 Deutsche Bank AG 10/12/2011 21,024
      Goldman Sachs    
Euro 3,008 4,054 International 10/12/2011 25
Euro 48,588 69,659 HSBC BankUSA 10/12/2011 4,567
Euro 61,571 82,847 HSBC BankUSA 1/12/2012 386
Euro 315,827 436,158 JPMorgan Chase Bank 10/12/2011 13,056
      Merrill Lynch    
Euro 99,093 140,384 International 10/12/2011 7,632
      Royal Bank of Scotland    
Euro 48,246 69,049 PLC 10/12/2011 4,415
Euro 2,288,486 3,274,640 UBS AG 10/12/2011 208,837
Euro 8,590,365 11,709,784 UBS AG 12/15/2011 204,882
Pound Sterling 3,166,585 5,060,659 Barclays Bank PLC 10/12/2011 123,085
Pound Sterling 11,688 18,804 Citibank N.A. 10/12/2011 579
Pound Sterling 623 1,015 Credit Suisse London 10/12/2011 44
Pound Sterling 11,905 19,211 Credit Suisse London 10/12/2011 648
Pound Sterling 2,955,791 4,716,675 Deutsche Bank AG 10/12/2011 107,785
      Goldman Sachs    
Pound Sterling 55 88 International 10/12/2011 3
    $39,784,862     $2,440,132

 

Options. There are two types of options, a put option and a call option. 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 Portfolios’ exposure to changes in the value of the underlying instrument. Buying puts and writing calls may decrease the Portfolios’ 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 are traded either over-the-counter (OTC) or on an exchange. 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. When a

492

 


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.

During the period ended September 30, 2011, the Portfolios used purchased options for the following reasons: Global Bond Trust, Real Return Bond Trust and Total Return 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 anticipated currency exchange rates. Health Sciences Trust used purchased options as a substitute for securities purchased. During the period ended September 30, 2011, Global Bond Trust, Heath Sciences Trust, Real Return Bond Trust, Strategic Income Opportunities Trust and Total Return Trust held purchased options with market values ranging up to approximately $30, up to approximately $35,500, from approximately $900 to $44,000, from approximately $15,100 to $1.4 million, and up to approximately $365,000, respectively.

The following tables summarize the Portfolios’ written options activities during the period ended September 30, 2011. In addition the table details how the Portfolios used written option contracts during the period ended September 30, 2011.

  Number of Contracts Premiums Received
Capital Appreciation Value Trust    
Outstanding, beginning of period 4,125 $763,873
Options written 8,884 1,280,502
Option closed (5,894) (1,117,751)
Options exercised - -
Options expired (94) (7,749)
Outstanding, end of period 7,021 $918,875
 
Global Bond Trust    
Outstanding, beginning of period 411,780,598 $2,952,206
Options written 98,279,048 2,033,840
Option closed (82,201,085) (625,141)
Options exercised - -
Options expired (222,158,499) (2,391,412)
Outstanding, end of period 205,700,062 $1,969,493
 
Health Sciences Trust    
Outstanding, beginning of period 5,762 $3,722,853
Options written 7,575 4,090,810
Option closed (3,895) (2,198,502)
Options exercised - -
Options expired (3,752) (1,953,654)
Outstanding, end of period 5,690 $3,661,507
 
Real Return Bond Trust    
Outstanding, beginning of period 40,500,110 $369,600
 
493

 


Options written 35,700,060 167,316
Option closed (36,100,170) (189,952)
Options exercised - -
Options expired (700,000) (6,186)
Outstanding, end of period 39,400,000 $340,778
 
Total Return Trust    
Outstanding, beginning of period 1,103,801,552 $10,622,174
Options written 1,368,402,451 7,738,524
Option closed (184,602,638) (2,085,965)
Options exercised - -
Options expired (419,400,857) (2,624,977)
Outstanding, end of period 1,868,200,508 $13,649,756

 

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.
        Number    
    Exercise Expiration of    
Portfolio Name of Issuer Price Date Contracts Premium Value
Capital Appreciation Value            
Trust Calls          
  AT&T, Inc. $30.00 Jan 2012 1,099 $100,217 ($81,326)
  Covidien PLC 60.00 Oct 2011 158 20,681 (790)
  Covidien PLC 55.00 Jan 2012 211 22,366 (9,495)
  Henry Schein, Inc. 65.00 Jan 2012 18 5,053 (6,255)
  JPMorgan Chase & Company 50.00 Jan 2012 698 183,981 (1,396)
  Lockheed Martin Corp. 80.00 Jan 2012 116 21,069 (21,460)
  Lowes Companies, Inc. 30.00 Jan 2012 234 17,793 (936)
  Pfizer, Inc. 22.50 Jan 2012 2,429 160,825 (12,145)
  Procter & Gamble Company 65.00 Jan 2012 579 129,390 (115,221)
  Wells Fargo & Company 26.00 Jan 2012 1,479 257,500 (266,220)
        7,021 $918,875 ($515,244)
 
Health Sciences Trust            
The Portfolio used written options to manage against anticipated changes in securities markets and as a substitute for securities purchased.
 
 
494

 


        Number    
    Exercise Expiration of    
Portfolio Name of Issuer Price Date Contracts Premium Value
Health Sciences Trust Calls          
  Alexion Pharmaceuticals, Inc. $55.00 Oct 2011 37 $9,114 ($37,740)
  Alexion Pharmaceuticals, Inc. 57.50 Nov 2011 27 3,834 (24,165)
  Alexion Pharmaceuticals, Inc. 60.00 Jan 2012 25 7,550 (23,000)
  Allergan, Inc. 80.00 Jan 2012 12 4,404 (9,360)
  AmerisourceBergen Company 43.00 Jan 2012 24 2,868 (1,920)
  Amgen, Inc. 67.50 Jan 2012 42 5,502 (714)
  Biogen Idec, Inc. 115.00 Jan 2012 14 7,518 (2,380)
  Biogen Idec, Inc. 90.00 Jan 2012 28 6,356 (30,240)
  Celgene Company 75.00 Jan 2012 25 2,675 (1,800)
  Celgene Company 65.00 Jan 2012 12 1,224 (4,380)
  Celgene Company 67.50 Jan 2012 25 3,825 (6,450)
  Covidien PLC 57.50 Jan 2012 70 7,430 (2,450)
  Edwards Lifesciences Company 90.00 Nov 2011 13 7,241 (520)
  Edwards Lifesciences Company 90.00 Jan 2012 39 13,731 (3,900)
  Express Scripts, Inc. 70.00 Jan 2012 13 2,925 (91)
  Express Scripts, Inc. 60.00 Jan 2012 54 13,396 (216)
  Human Genome Sciences, Inc. 30.00 Oct 2011 109 21,036 (872)
  Human Genome Sciences, Inc. 35.00 Oct 2011 29 3,695 (551)
  Human Genome Sciences, Inc. 28.00 Oct 2011 80 9,997 (800)
  Illumina, Inc. 90.00 Jan 2012 4 928 (80)
  Intuitive Surgical, Inc. 300.00 Jan 2012 8 23,108 (63,600)
  Monsanto Company 82.50 Oct 2011 55 6,215 (220)
  Monsanto Company 80.00 Jan 2012 56 16,912 (3,584)
  Pharmasset, Inc. 90.00 Nov 2011 13 4,901 (6,500)
  Stryker Company 55.00 Jan 2012 37 4,976 (3,885)
  UnitedHealth Group, Inc. 55.00 Dec 2011 53 7,738 (3,498)
  UnitedHealth Group, Inc. 50.00 Jan 2012 84 8,992 (23,016)
  Valeant Pharmaceuticals          
  International 60.00 Jan 2012 56 17,191 (840)
  Vertex Pharmaceuticals, Inc. 65.00 Jan 2012 13 1,391 (552)
  Vertex Pharmaceuticals, Inc. 60.00 Jan 2012 26 5,568 (2,730)
  Zimmer Holdings, Inc. 75.00 Jan 2012 80 11,960 (1,000)
        1,163 $244,201 ($261,054)
 
495

 


Puts          
Abbott Laboratories $55.00 Jan 2012 14 $12,908 ($7,000)
Acorda Therapeutics, Inc. 25.00 Jan 2012 15 7,830 (9,000)
Aetna, Inc. 50.00 Jan 2012 92 66,753 (126,270)
Agilent Technologies, Inc. 45.00 Jan 2012 14 10,599 (19,845)
Alexion Pharmaceuticals, Inc. 60.00 Oct 2011 8 2,176 (1,200)
Alexion Pharmaceuticals, Inc. 60.00 Nov 2011 8 3,056 (2,504)
Alexion Pharmaceuticals, Inc. 60.00 Jan 2012 11 5,729 (5,830)
Allscripts Healthcare Solutions 25.00 Jan 2012 56 26,068 (38,920)
Amag Pharmaceuticals, Inc. 20.00 Jan 2012 22 9,399 (11,880)
Amerigroup Corp. 65.00 Mar 2012 5 3,235 (12,925)
AmerisourceBergen Corp. 40.00 Jan 2012 56 38,471 (24,080)
AmerisourceBergen Corp. 45.00 Jan 2012 56 38,051 (46,480)
AmerisourceBergen Corp. 50.00 Jan 2012 41 36,899 (51,660)
Amgen, Inc. 55.00 Oct 2011 16 4,032 (2,128)
Amgen, Inc. 60.00 Jan 2012 25 19,722 (16,562)
Amgen, Inc. 57.50 Jan 2012 8 4,903 (3,980)
Amylin Pharmaceuticals, Inc. 25.00 Jan 2012 15 10,279 (23,362)
Amylin Pharmaceuticals, Inc. 20.00 Jan 2012 14 8,638 (14,945)
Amylin Pharmaceuticals, Inc. 12.50 Jan 2012 15 4,530 (5,475)
Baxter International, Inc. 50.00 Jan 2012 14 7,448 (2,828)
Baxter International, Inc. 65.00 Jan 2012 25 14,831 (24,875)
Baxter International, Inc. 70.00 Jan 2012 54 65,177 (76,410)
Biogen Idec, Inc. 90.00 Jan 2012 28 33,795 (21,140)
Biogen Idec, Inc. 105.00 Jan 2012 28 36,163 (44,100)
Biogen Idec, Inc. 100.00 Jan 2012 33 34,552 (41,580)
Biogen Idec, Inc. 110.00 Jan 2012 15 19,080 (28,800)
Biogen Idec, Inc. 75.00 Jan 2012 28 16,156 (8,680)
Biogen Idec, Inc. 95.00 Jan 2012 28 42,475 (27,440)
Boston Scientific Corp. 12.50 Jan 2012 10 5,220 (6,575)
Bristol-Myers Squibb Company 30.00 Jan 2012 36 10,623 (5,652)
Bristol Myers Squibb Company 27.50 Jan 2012 42 12,096 (3,444)
Bristol Myers Squibb Company 33.00 Mar 2012 39 14,370 (13,942)
Bristol Myers Squibb Company 30.00 Mar 2012 39 12,753 (7,800)
Cardinal Health, Inc. 45.00 Jan 2012 56 40,151 (28,280)
Celgene Corp. 55.00 Jan 2012 8 6,176 (1,984)
Celgene Corp. 60.00 Jan 2012 19 17,823 (7,733)
 
496

 


Celgene Corp. 65.00 Jan 2012 15 17,555 (9,630)
Cerner Corp. 50.00 Jan 2012 28 17,458 (3,990)
Coventry Health Care, Inc. 35.00 Aug 2012 38 20,785 (32,110)
Covidien PLC 55.00 Jan 2012 13 6,981 (15,015)
Covidien PLC 60.00 Jan 2012 5 4,485 (7,900)
Cubist Pharmaceuticals, Inc. 25.00 Jan 2012 1 497 (70)
CVS Caremark Corp. 40.00 Jan 2012 28 16,464 (19,320)
Davita, Inc. 60.00 Apr 2012 26 14,092 (15,990)
Dendreon Corp. 60.00 Jan 2012 2 4,494 (10,225)
Dentsply International, Inc. 45.00 Oct 2011 69 54,496 (97,980)
DepoMed, Inc. 10.00 Mar 2012 39 16,653 (18,915)
Edwards Lifesciences Corp. 95.00 Jan 2012 81 91,195 (193,590)
Forest Laboratories, Inc. 35.00 Jan 2012 28 13,160 (13,300)
Gilead Sciences, Inc. 40.00 Jan 2012 7 3,414 (2,660)
Gilead Sciences, Inc. 45.00 Jan 2012 42 26,645 (29,505)
Gilead Sciences, Inc. 44.00 Jan 2012 25 14,405 (15,688)
Henry Schein, Inc. 75.00 Jan 2012 82 62,932 (107,830)
Henry Schein, Inc. 80.00 Jan 2012 27 21,995 (47,250)
Hospira, Inc. 60.00 Jan 2012 6 4,800 (13,650)
Human Genome Sciences, Inc. 25.00 Oct 2011 34 10,060 (40,970)
Human Genome Sciences, Inc. 26.00 Jan 2012 38 16,510 (50,160)
Humana, Inc. 60.00 Jan 2012 84 99,579 (21,000)
Humana, Inc. 70.00 Jan 2012 56 52,611 (31,920)
Illumina, Inc. 60.00 Jan 2012 19 20,468 (36,575)
Intermune, Inc. 40.00 Jan 2012 50 41,473 (96,500)
Intermune, Inc. 45.00 Jan 2012 70 86,580 (175,350)
Intermune, Inc. 50.00 Jan 2012 63 68,132 (182,857)
Intermune, Inc. 55.00 Jan 2012 35 50,269 (119,262)
Jazz Pharmaceuticals, Inc. 25.00 Jan 2012 42 22,973 (2,520)
Jazz Pharmaceuticals, Inc. 30.00 Jan 2012 28 23,995 (3,920)
Jazz Pharmaceuticals, Inc. 35.00 Jan 2012 22 18,854 (5,995)
Jazz Pharmaceuticals, Inc. 40.00 Jan 2012 22 22,584 (9,900)
Johnson & Johnson 65.00 Jan 2012 27 19,956 (10,800)
Johnson & Johnson 67.50 Jan 2012 42 37,673 (22,890)
Johnson & Johnson 70.00 Jan 2012 40 21,849 (30,200)
Johnson & Johnson 70.00 Apr 2012 49 38,807 (42,752)
Maximus, Inc. 42.50 Oct 2011 112 66,191 (85,680)
 
497

 


Mckesson Corp. 80.00 Jan 2012 29 48,992 (28,855)
Mckesson Corp. 85.00 Jan 2012 14 19,908 (17,780)
Medco Health Solutions, Inc. 65.00 Jan 2012 52 21,683 (95,160)
Medco Health Solutions, Inc. 60.00 Jan 2012 54 33,862 (72,090)
Medicis Pharmaceutical Corp. 35.00 Jan 2012 42 21,989 (9,345)
Mednax, Inc. 75.00 Nov 2011 40 40,652 (48,600)
Medtronic, Inc. 35.00 Jan 2012 28 17,976 (10,080)
Medtronic, Inc. 40.00 Jan 2012 28 17,787 (21,420)
Monsanto Company 82.50 Oct 2011 15 12,480 (32,925)
Monsanto Company 62.50 Jan 2012 34 44,659 (24,820)
Monsanto Company 65.00 Jan 2012 28 33,667 (23,940)
Monsanto Company 70.00 Jan 2012 36 50,441 (42,840)
Monsanto Company 75.00 Jan 2012 6 8,642 (9,915)
Monsanto Company 80.00 Jan 2012 20 30,335 (40,800)
Mylan, Inc. 22.50 Jan 2012 1 467 (565)
Mylan, Inc. 25.00 Jan 2012 42 15,309 (33,390)
Perrigo Company 80.00 Jan 2012 17 22,133 (5,483)
Pfizer, Inc. 20.00 Jan 2012 224 70,607 (57,568)
Pfizer, Inc. 22.50 Jan 2012 192 95,388 (96,960)
Pfizer, Inc. 25.00 Jan 2012 281 171,252 (209,345)
Quest Diagnostics, Inc. 65.00 Jan 2012 45 43,422 (68,400)
Quest Diagnostics, Inc. 60.00 Jan 2012 22 20,114 (22,770)
Quest Diagnostics, Inc. 55.00 Jan 2012 20 11,810 (13,100)
Regeneron Pharmaceuticals 50.00 Nov 2011 29 26,157 (9,063)
Salix Pharmaceuticals Ltd. 50.00 Jan 2012 17 20,179 (34,680)
Sanofi Aventis 35.00 Mar 2012 31 13,767 (13,795)
Sanofi Aventis 75.00 Jan 2012 19 8,018 (428)
Savient Pharmaceuticals, Inc. 15.00 Jan 2012 77 37,572 (83,738)
St. Jude Medical, Inc. 45.00 Jan 2012 28 15,876 (25,760)
Stryker Corp. 60.00 Jan 2012 30 27,759 (39,000)
Stryker Corp. 65.00 Jan 2012 14 12,954 (25,130)
Stryker Corp. 70.00 Jan 2012 16 19,682 (36,880)
Stryker Corp. 60.00 Mar 2012 10 12,992 (13,350)
SXC Health Solutions Corp. 50.00 Jan 2012 2 1,044 (585)
SXC Health Solutions Corp. 70.00 Jan 2012 39 41,482 (59,670)
Teva Pharmaceutical Industries Ltd. 52.50 Jan 2012 17 12,741 (25,415)
Teva Pharmaceutical Industries Ltd. 55.00 Jan 2012 19 13,813 (33,583)
 
498

 


United Therapeutics Corp. 60.00 Jan 2012 23 21,571 (51,750)
UnitedHealth Group, Inc. 35.00 Jan 2012 12 11,324 (1,320)
UnitedHealth Group, Inc. 40.00 Jan 2012 16 13,888 (3,328)
UnitedHealth Group, Inc. 45.00 Jan 2012 28 15,876 (10,920)
UnitedHealth Group, Inc. 50.00 Jan 2012 28 23,908 (18,620)
UnitedHealth Group, Inc. 55.00 Jan 2012 27 19,899 (27,608)
UnitedHealth Group, Inc. 60.00 Mar 2012 17 18,229 (25,500)
Valeant Pharmaceuticals          
International 65.00 Jan 2012 16 18,713 (5,838)
Valeant Pharmaceuticals          
International 40.00 Jan 2012 5 3,435 (3,075)
Vertex Pharmaceuticals, Inc. 50.00 Jan 2012 15 11,818 (12,915)
Vertex Pharmaceuticals, Inc. 55.00 Jan 2012 47 41,528 (58,280)
Walgreen Company 50.00 Jan 2012 68 58,359 (116,960)
Warner Chilcott PLC 25.00 Oct 2011 33 9,636 (34,650)
Waters Corp. 90.00 Nov 2011 5 2,937 (7,450)
Watson Pharmaceuticals, Inc. 70.00 Jan 2012 56 71,511 (33,320)
Wellpoint, Inc. 65.00 Jan 2012 19 15,778 (10,640)
Wellpoint, Inc. 85.00 Jan 2012 57 66,106 (114,000)
Zimmer Holdings, Inc. 70.00 Jan 2012 27 25,508 (43,335)
Zimmer Holdings, Inc. 65.00 Jan 2012 22 16,434 (25,190)
      4,527 $3,417,306 ($4,391,105)

 

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 Name of Issuer Price Date Contracts Premium Value
Global Bond            
Trust Puts          
  U.S. Treasury 10-Year Note          
  Futures $128.50 Oct 2011 62 $43,990 ($19,375)
        62 $43,990 ($19,375)
 
499

 


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 Name of Issuer Price Date Contracts Premium Value
Total Return            
Trust Puts          
  Eurodollar Futures $99.00 Mar 2012 508 $404,651 ($107,950)
        508 $404,651 ($107,950)

 

Foreign Currency Options (OTC)                
  
Global Bond Trust                  
The Portfolio used written foreign currency options to manage against anticipated currency exchange rates.        
              USD    
      Exercise Expiration   Notional Notional    
Portfolio Description Counterparty Price Date   Amount Amount Premium Value
Global Bond                  
Trust Calls                
  Euro versus U.S. Dollar UBS AG $1.8355 Oct 2011 EUR 5,600,000 $7,502,599 $74,665 ($188,840)
  Euro versus U.S. Dollar UBS AG 1.7685 Oct 2011 EUR 4,800,000 6,430,799 87,483 (67,980)
            10,400,000 $13,933,398 $162,148 ($256,820)
 
 
Real Return Bond Trust                
The Portfolio used written options to manage against anticipated currency exchange rates.          
              USD    
      Exercise Expiration   Notional Notional    
Portfolio Description Counterparty Price Date   Amount Amount Premium Value
Real Return                  
Bond Trust Puts                
    Morgan Stanley              
  Australian Dollar versus Capital Services,              
  U.S. Dollar Inc. $0.9975 Oct 2011 AUD 700,000 $39,508 $6,776 ($19,045)
            700,000 $39,508 $6,776 ($19,045)
 
Interest Rate Swaptions (OTC)                
An interest rate swaption is an option to enter into an interest rate swap.              
 
500

 


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 Floating Exercise Expiration   Notional    
Portfolio Description Counterparty Rate Index Rate Rate Date   Amount Premium Value
Global Bond                    
Trust Puts                  
  2-Year Interest Bank of America 3 Month              
  Rate Swap N.A. USD-LIBOR Receive 2.25% Sep 2012 USD 31,500,000 $277,482 ($21,603)
  2-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 2.25% Sep 2012 USD 60,000,000 462,607 (41,148)
  3-Year Interest Bank of America 3 Month              
  Rate Swap N.A. USD-LIBOR Receive 3.00% Jun 2012 USD 13,100,000 133,100 (6,110)
  3-Year Interest   3 Month              
  Rate Swap Barclays Bank PLC USD-LIBOR Receive 3.00% Jun 2012 USD 6,100,000 54,667 (2,845)
  3-Year Interest   3 Month              
  Rate Swap Citibank N.A. USD-LIBOR Receive 3.00% Jun 2012 USD 9,900,000 107,458 (4,617)
  3-Year Interest   3 Month              
  Rate Swap Deutsche Bank AG USD-LIBOR Receive 3.00% Jun 2012 USD 7,900,000 85,858 (3,685)
  3-Year Interest   3 Month              
  Rate Swap Deutsche Bank AG USD-LIBOR Receive 2.75% Jun 2012 USD 8,500,000 88,235 (5,040)
  3-Year Interest JPMorgan Chase 3 Month              
  Rate Swap Bank USD-LIBOR Receive 3.00% Jun 2012 USD 9,300,000 88,135 (4,338)
  3-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 2.75% Jun 2012 USD 8,100,000 79,380 (4,802)
  3-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 3.00% Jun 2012 USD 9,300,000 103,050 (4,338)
    Morgan Stanley                
  10-Year Interest Capital Services, 3 Month              
  Rate Swap Inc. USD-LIBOR Receive 10.00% Jul 2012 USD 9,000,000 54,000 (9)
                172,700,000 $1,533,972 ($98,535)
 
 
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.  
        Pay/Receive            
      Floating Floating Exercise Expiration   Notional    
Portfolio Description Counterparty Rate Index Rate Rate Date   Amount Premium Value
 
501

 


Real Return                    
Bond Trust Calls                  
  5-Year Interest Credit Suisse 3 Month              
  Rate Swap International USD-LIBOR Receive 1.80% Oct 2011 USD 2,400,000 $11,357 ($61,635)
  10-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 3.00% Nov 2011 USD 2,100,000 17,430 (165,612)
                4,500,000 $28,787 ($227,247)
 
  Puts                  
    Goldman Sachs                
  1-Year Interest Capital Markets, 3 Month              
  Rate Swap L.P. USD-LIBOR Receive 1.00% Nov 2012 USD 2,000,000 $11,411 ($2,453)
  2-Year Interest Bank of America 3 Month              
  Rate Swap N.A. USD-LIBOR Receive 2.25% Sep 2012 USD 500,000 3,417 (343)
    Morgan Stanley                
  2-Year Interest Capital Services, 3 Month              
  Rate Swap Inc. USD-LIBOR Receive 2.25% Sep 2012 USD 200,000 1,280 (137)
  2-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 2.25% Sep 2012 USD 9,700,000 77,658 (6,652)
  3-Year Interest Bank of America 3 Month              
  Rate Swap N.A. USD-LIBOR Receive 3.00% Jun 2012 USD 1,500,000 14,898 (700)
  3-Year Interest   3 Month              
  Rate Swap Citibank N.A. USD-LIBOR Receive 3.00% Jun 2012 USD 3,000,000 29,295 (1,399)
  3-Year Interest   3 Month              
  Rate Swap Deutsche Bank AG USD-LIBOR Receive 3.00% Jun 2012 USD 1,000,000 11,177 (466)
  3-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 3.00% Jun 2012 USD 1,800,000 19,945 (838)
  10-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 3.75% Nov 2011 USD 2,100,000 29,085 (21)
    Morgan Stanley                
  10-Year Interest Capital Services, 3 Month              
  Rate Swap Inc. USD-LIBOR Receive 10.00% Jul 2012 USD 900,000 5,940 (1)
  10-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 10.00% Jul 2012 USD 1,700,000 11,560 (2)
                24,400,000 $215,666 ($13,012)
 
 
Total Return Trust                  
The Portfolio used interest rate swaptions to manage against anticipated interest rate changes and maintain diversity and liquidity of the Portfolio.    
 
 
 
502

 


        Pay/Receive            
      Floating Floating Exercise Expiration   Notional    
Portfolio Description Counterparty Rate Index Rate Rate Date   Amount Premium Value
Total Return                    
Trust Puts                  
  1-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 2.00% Apr 2012 USD 105,600,000 $211,200 ($19,610)
  1-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 1.75% Nov 2012 USD 60,600,000 228,765 (35,324)
  1-Year Interest Bank of America 3 Month              
  Rate Swap N.A. USD-LIBOR Receive 2.25% May 2013 USD 56,900,000 281,655 (58,795)
  1-Year Interest   3 Month              
  Rate Swap Deutsche Bank AG USD-LIBOR Receive 1.75% Jul 2013 USD 263,400,000 1,237,090 (436,981)
  2-Year Interest Bank of America 3 Month              
  Rate Swap N.A. USD-LIBOR Receive 2.25% Sep 2012 USD 37,500,000 315,552 (25,717)
  2-Year Interest   3 Month              
  Rate Swap Citibank N.A. USD-LIBOR Receive 2.25% Sep 2012 USD 4,500,000 30,656 (3,086)
    Morgan Stanley                
  2-Year Interest Capital Services, 3 Month              
  Rate Swap Inc. USD-LIBOR Receive 2.25% Sep 2012 USD 53,900,000 329,804 (36,965)
  2-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 2.25% Sep 2012 USD 163,700,000 1,288,370 (112,265)
  2-Year Interest   3 Month              
  Rate Swap Deutsche Bank AG USD-LIBOR Receive 1.20% Jul 2013 USD 36,800,000 259,725 (282,926)
  3-Year Interest Bank of America 3 Month              
  Rate Swap N.A. USD-LIBOR Receive 3.00% Jun 2012 USD 47,600,000 498,938 (22,201)
  3-Year Interest   3 Month              
  Rate Swap Barclays Bank PLC USD-LIBOR Receive 3.00% Jun 2012 USD 22,600,000 202,131 (10,541)
  3-Year Interest   3 Month              
  Rate Swap Citibank N.A. USD-LIBOR Receive 3.00% Jun 2012 USD 48,600,000 528,726 (22,667)
  3-Year Interest   3 Month              
  Rate Swap Deutsche Bank AG USD-LIBOR Receive 3.00% Jun 2012 USD 32,600,000 354,771 (15,205)
  3-Year Interest   3 Month              
  Rate Swap Deutsche Bank AG USD-LIBOR Receive 2.75% Jun 2012 USD 17,200,000 178,546 (10,198)
  3-Year Interest JPMorgan Chase 3 Month              
  Rate Swap Bank USD-LIBOR Receive 3.00% Jun 2012 USD 59,900,000 610,239 (27,937)
  3-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 3.00% Jun 2012 USD 89,700,000 774,214 (41,836)
  3-Year Interest The Royal Bank of 3 Month              
  Rate Swap Scotland PLC USD-LIBOR Receive 2.75% Jun 2012 USD 24,200,000 237,160 (14,348)
  5-Year Interest Credit Suisse 3 Month              
  Rate Swap International USD-LIBOR Receive 1.80% Oct 2011 USD 41,400,000 37,346 (41)
 
503

 


5-Year Interest   3 Month              
Rate Swap Citibank N.A. USD-LIBOR Receive 3.25% Jul 2012 USD 29,700,000 734,283 (48,651)
5-Year Interest The Royal Bank of 3 Month              
Rate Swap Scotland PLC USD-LIBOR Receive 3.25% Jul 2012 USD 9,900,000 248,589 (16,217)
5-Year Interest   3 Month              
Rate Swap Deutsche Bank AG USD-LIBOR Receive 1.70% Aug 2012 USD 45,700,000 638,141 (634,074)
5-Year Interest The Royal Bank of 3 Month              
Rate Swap Scotland PLC USD-LIBOR Receive 1.70% Aug 2012 USD 63,000,000 874,179 (874,106)
  Morgan Stanley                
10-Year Interest Capital Services, 3 Month              
Rate Swap Inc. USD-LIBOR Receive 3.75% Oct 2011 USD 2,800,000 31,640 -
  Morgan Stanley                
10-Year Interest Capital Services, 3 Month              
Rate Swap Inc. USD-LIBOR Receive 4.25% Oct 2011 USD 84,000,000 427,917 (8)
  Morgan Stanley                
10-Year Interest Capital Services, 3 Month              
Rate Swap Inc. USD-LIBOR Receive 10.00% Jul 2012 USD 18,500,000 111,463 (19)
              1,420,300,000 $10,671,100 ($2,749,718)

 

Credit Default Swaptions (OTC)

A credit default swaption is an option to enter into credit default swap.

Total Return Trust
The Portfolio used credit default swaptions to generate potential income.
        Pay/Receive            
      Floating Floating Exercise Expiration   Notional    
Portfolio Description Counterparty Rate Index Rate Rate Date   Amount Premium Value
Total                    
Return                    
Trust Calls                  
  5-Year Credit                  
  Default Swap Bank of America N.A. CDX.IG16 Sell 0.85% Dec 2011 USD 25,000,000 $31,875 ($13,051)
  5-Year Credit                  
  Default Swap BNP Paribas CDX.IG16 Sell 0.85% Dec 2011 USD 42,500,000 47,955 (22,186)
  5-Year Credit Credit Suisse                
  Default Swap International CDX.IG16 Sell 0.85% Dec 2011 USD 21,900,000 25,735 (11,432)
  5-Year Credit Credit Suisse                
  Default Swap International CDX.IG16 Sell 0.82% Dec 2011 USD 11,300,000 15,820 (4,603)
  5-Year Credit                  
  Default Swap Deutsche Bank AG CDX.IG16 Sell 0.82% Dec 2011 USD 10,700,000 14,712 (4,359)
 
 
504

 


5-Year Credit Goldman Sachs                
Default Swap International CDX.IG16 Sell 0.85% Dec 2011 USD 7,000,000 5,600 (3,654)
5-Year Credit JPMorgan Chase                
Default Swap Bank CDX.IG16 Sell 0.85% Dec 2011 USD 2,700,000 2,754 (1,409)
5-Year Credit JPMorgan Chase                
Default Swap Bank CDX.IG16 Sell 0.84% Dec 2011 USD 11,400,000 14,250 (5,489)
5-Year Credit Morgan Stanley                
Default Swap Capital Services, Inc. CDX.IG16 Sell 1.00% Dec 2011 USD 11,100,000 23,575 (16,072)
5-Year Credit Morgan Stanley                
Default Swap Capital Services, Inc. CDX.IG16 Sell 0.80% Dec 2011 USD 25,400,000 30,110 (8,686)
5-Year Credit Morgan Stanley                
Default Swap Capital Services, Inc. CDX.IG16 Sell 0.85% Dec 2011 USD 4,900,000 3,920 (2,558)
5-Year Credit                  
Default Swap UBS AG CDX.IG16 Sell 0.85% Dec 2011 USD 4,900,000 5,513 (2,558)
              178,800,000 $221,819 ($96,057)
 
Puts                  
5-Year Credit                  
Default Swap Bank of America N.A. CDX.IG16 Sell 1.80% Dec 2011 USD 18,000,000 $90,600 ($92,478)
5-Year Credit                  
Default Swap Bank of America N.A. CDX.IG16 Sell 1.20% Dec 2011 USD 7,500,000 31,875 (104,793)
5-Year Credit                  
Default Swap BNP Paribas CDX.IG16 Sell 1.20% Dec 2011 USD 10,000,000 43,000 (139,723)
5-Year Credit Morgan Stanley                
Default Swap Capital Services, Inc. CDX.IG16 Sell 1.50% Dec 2011 USD 11,100,000 80,020 (91,950)
5-Year Credit                  
Default Swap UBS AG CDX.IG16 Sell 1.20% Dec 2011 USD 2,500,000 11,750 (34,931)
              49,100,000 $257,245 ($463,875)

 

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 mange against anticipated interest rate changes, manage duration and as a substitute for securities purchased.
      Strike   Expiration Notional    
Portfolio Description Counterparty Index Exercise Index Date Amount Premium Value
 
 
 
505

 


  Floor- OTC   Maximum of ((1+0.0%)10 -        
Global CPURNSA   (Index Final/Index Initial))        
Bond Trust Index Citibank NA 217.965 or $0 Sep 2020 USD 2,000,000 $25,800 ($7,917)
  Floor- OTC   Maximum of ((1+0.0%)10 -        
  CPURNSA   (Index Final/Index Initial))        
  Index Deutsche Bank AG 218.011 or $0 Oct 2020 USD 2,300,000 22,540 (13,488)
              4,300,000 $48,340 ($21,405)
 
Real Return Bond Trust                
The Portfolio used inflation floors to mange against anticipated interest rate changes, manage duration and as a substitute for securities purchased.  
      Strike   Expiration   Notional    
Portfolio Description Counterparty Index Exercise Index Date   Amount Premium Value
Real Floor- OTC   Maximum of ((1+0.0%)10 -        
Return CPURNSA   (Index Final/Index Initial))        
Bond Trust Index Citibank NA 215.949 or $0 Mar 2020 USD 1,100,000 $9,460 ($3,707)
  Floor- OTC   Maximum of ((1+0.0%)10 -        
  CPURNSA   (Index Final/Index Initial))        
  Index Citibank NA 216.687 or $0 Apr 2020 USD 2,600,000 23,160 (9,219)
  Floor- OTC   Maximum of ((1+0.0%)10 -        
  CPURNSA   (Index Final/Index Initial))        
  Index Citibank NA 217.965 or $0 Sep 2020 USD 200,000 2,580 (792)
              3,900,000 $35,200 ($13,718)
 
Total Return Trust                
The Portfolio used inflation floors to mange against anticipated interest rate changes, manage duration and as a substitute for securities purchased.  
      Strike   Expiration   Notional    
Portfolio Description Counterparty Index Exercise Index Date   Amount Premium Value
Total Floor- OTC   Maximum of ((1+0.0%)10 -        
Return CPURNSA   (Index Final/Index Initial))        
Trust Index Deutsche Bank AG 215.949 or $0 Mar 2020 USD 2,600,000 $19,500 ($14,329)
  Floor- OTC   Maximum of ((1+0.0%)10 -        
  CPURNSA   (Index Final/Index Initial))        
  Index Citibank N.A. 215.949 or $0 Mar 2020 USD 7,500,000 63,460 (25,275)
  Floor- OTC   Maximum of ((1+0.0%)10 -        
  CPURNSA   (Index Final/Index Initial))        
  Index Citibank N.A. 216.687 or $0 Apr 2020 USD 17,900,000 159,640 (63,472)
  Floor- OTC   Maximum of ((1+0.0%)10 -        
  CPURNSA   (Index Final/Index Initial))        
  Index Citibank N.A. 217.965 or $0 Sep 2020 USD 6,900,000 89,010 (27,314)
 
 
 
506

 


Floor- OTC   Maximum of ((1+0.0%)10 -        
CPURNSA   (Index Final/Index Initial))        
Index Deutsche Bank AG 218.011 or $0 Oct 2020  USD 7,100,000 69,580 (41,638)
        42,000,000 $401,190 ($172,028)
 
Forward Volatility Options (OTC)          
A forward volatility option is a forward agreement to write/sell a swaption straddle (a call and a put swaption with the same strike and maturity) on a specified
date.            

 

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 JP Morgan Chase          
  Agreement Bank - Oct 2011 $3,100,000 $15,748 ($11,470)
  Call & Put - OTC 2-Year Morgan Stanley          
  Forward Volatility Capital Services,          
  Agreement Inc. - Nov 2011 15,200,000 165,295 (158,089)
          $18,300,000 $181,043 ($169,559)
 
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 Goldman Sachs          
  Agreement International - Oct 2011 $900,000 $4,752 ($3,330)
  Call & Put - OTC 1-Year            
  Forward Volatility JP Morgan Chase          
  Agreement Bank, N.A. - Oct 2011 900,000 4,572 (3,330)
  Call & Put - OTC 2-Year Morgan Stanley          
  Forward Volatility Capital Services,          
  Agreement Inc. - Oct 2011 1,900,000 21,101 (19,299)
  Call & Put - OTC 2-Year Morgan Stanley          
  Forward Volatility Capital Services,          
  Agreement Inc. - Nov 2011 2,200,000 23,924 (22,881)
          $5,900,000 $54,349 ($48,841)
 
507

 


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 Goldman Sachs          
  Forward Volatility Capital Markets,          
  Agreement L.P. - Oct 2011 $21,900,000 $111,252 ($81,030)
  Call & Put - OTC 1-Year            
  Forward Volatility JPMorgan Chase          
  Agreement Bank - Oct 2011 23,700,000 125,141 (87,690)
  Call & Put - OTC 2-Year Morgan Stanley          
  Forward Volatility Capital Services,          
  Agreement Inc. - Oct 2011 72,700,000 808,013 (738,457)
  Call & Put - OTC 2-Year Morgan Stanley          
  Forward Volatility Capital Services,          
  Agreement Inc. - Nov 2011 59,700,000 649,345 (620,916)
          $178,000,000 $1,693,751 ($1,528,093)

 

* Exercise price determined on a future date, based upon implied volatility parameters.

Swaps. The Portfolios may enter into interest rate, credit default, and other forms of swap agreements. Swap agreements are agreements between a Portfolio and counterparty to exchange cash flows, assets, foreign currencies or market-linked returns at specified intervals. Swap agreements are privately negotiated in the over-the-counter market (OTC swaps) or may be executed on a registered commodities exchange (centrally cleared swaps). Swaps are marked-to-market daily based upon values from third party vendors, which may include a registered commodities exchange, or broker quotations, and the change in value is recorded as a component of 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.

Entering into swap agreements involves, to varying degrees, elements of credit, market and documentation risk. Such risks involve the possibility that there will be no liquid market for the swap, or that a counterparty may default on its obligation or delay payment under the swap terms. The counterparty may disagree or contest the terms of the swap. Market risks may also accompany the swap, including interest rate risk. The Portfolios may also suffer losses they are unable to terminate or assign outstanding swaps or reduce its exposure through offsetting transactions.

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 at specified, future intervals.

The following table summarizes the contracts held at September 30, 2011, and the range of notional amounts held by the Portfolios during the period ended September 30, 2011. In addition the table details how the Portfolios used interest rate swap contracts during period ended September 30, 2011.

OTC Swaps  
 
508

 


Global 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
September 30, 2011, the Portfolio held interest rate swaps with total USD notional amounts ranging from approximately $153.4 million to $470.5 million, as measured at each quarter
end.                  
              Unamortized    
              Upfront    
      USD Payments Payments   Payment Unrealized  
  Notional   Notional Made by Received by Maturity Paid Appreciation Market
Portfolio Counterparty Amount Currency Amount Portfolio Portfolio Date (Received) (Depreciation) Value
Global Bond Trust                  
Bank of America                  
N.A. 49,767,138 BRL $29,494,662 CDI Fixed 11.330% Jan 2012 - ($6,138) ($6,138)
Barclays Bank PLC 2,500,000 EUR 3,311,877 FRCPXTOB Fixed 1.948% Mar 2012 - 53,417 53,417
3 Month
Barclays Bank PLC 7,600,000,000 JPY 92,126,795 TIBOR Fixed 0.350% Mar 2012 ($3,793) (8,735) (12,528)
MXN-TIIE-
Barclays Bank PLC 23,000,000 MXN 1,961,796 Banxico Fixed 6.750% Jun 2016 9,421 64,472 73,893
MXN-TIIE-
Barclays Bank PLC 12,500,000 MXN 920,641 Banxico Fixed 5.600% Sep 2016 (13,870) 7,204 (6,666)
MXN-TIIE-
Barclays Bank PLC 16,500,000 MXN 1,419,593 Banxico Fixed 6.960% Jul 2020 (32,266) 55,861 23,595
          3 Month        
Barclays Bank PLC 6,700,000 USD 6,700,000 Fixed 3.500% LIBOR Jun 2021 233,611 (1,153,424) (919,813)
6 Month
Barclays Bank PLC 5,900,000 EUR 8,367,085 EURIBOR Fixed 3.000% Sep 2021 96,998 238,136 335,134
          3 Month        
BNP Paribas 2,800,000 USD 2,800,000 Fixed 3.500% LIBOR Jun 2021 26,501 (410,901) (384,400)
          3 Month        
Citibank N.A. 16,100,000 USD 16,100,000 Fixed 3.250% LIBOR Dec 2021 (188,105) (1,397,457) (1,585,562)
Credit Suisse                  
International 20,050,938 BRL 12,004,595 CDI Fixed 11.760% Jan 2012 218,828 (4,509) 214,319
Credit Suisse       6 Month          
International 1,760,000,000 JPY 21,932,831 LIBOR Fixed 1.500% Dec 2021 480,768 522,069 1,002,837
6 Month
Deutsche Bank AG 6,600,000 EUR 9,295,775 EURIBOR Fixed 3.000% Sep 2016 33,614 407,601 441,215
6 Month
Deutsche Bank AG 5,600,000 EUR 7,941,640 EURIBOR Fixed 3.000% Sep 2021 88,736 229,725 318,461
          6 Month        
Goldman Sachs 33,400,000 GBP 54,241,279 Fixed 2.500% LIBOR Sep 2013 (232,039) (1,041,549) (1,273,588)
MXN-TIIE-
Goldman Sachs 7,500,000 MXN 552,384 Banxico Fixed 5.600% Sep 2016 (7,590) 3,590 (4,000)
HSBC Bank USA 46,085,402 BRL 28,336,974 CDI Fixed 11.530% Jan 2012 35,124 2,518 37,642
MXN-TIIE-
HSBC Bank USA 44,400,000 MXN 3,819,996 Banxico Fixed 6.590% Dec 2015 13,200 115,664 128,864
 
 
509

 
MXN-TIIE-
HSBC Bank USA 20,500,000 MXN 1,763,858 Banxico Fixed 6.750% Jun 2016 10,755 55,106 65,861
MXN-TIIE-
HSBC Bank USA 58,400,000 MXN 4,758,490 Banxico Fixed 5.800% Jun 2016 2,319 14,527 16,846
MXN-TIIE-
HSBC Bank USA 23,200,000 MXN 1,922,073 Banxico Fixed 6.960% Jul 2020 (97,489) 130,664 33,175
MXN-TIIE-
HSBC Bank USA 67,300,000 MXN 5,767,846 Banxico Fixed 7.500% Jun 2021 24,258 229,968 254,226
JPMorgan Chase                  
Bank, N.A. 10,667,247 BRL 6,450,488 CDI Fixed 11.250% Jan 2012 - (7,731) (7,731)
Morgan Stanley       MXN-TIIE-          
Capital Services, Inc. 69,900,000 MXN 5,788,241 Banxico Fixed 6.590% Dec 2015 (67,635) 270,509 202,874
Morgan Stanley       MXN-TIIE-          
Capital Services, Inc. 241,100,000 MXN 20,589,693 Banxico Fixed 6.750% Jun 2016 171,905 602,686 774,591
Morgan Stanley       6 Month          
Capital Services, Inc. 57,600,000 EUR 81,685,443 EURIBOR Fixed 2.000% Sep 2016 (455,273) 637,016 181,743
Morgan Stanley       MXN-TIIE-          
Capital Services, Inc. 25,000,000 MXN 2,151,046 Banxico Fixed 7.500% Jun 2021 15,235 79,203 94,438
Morgan Stanley       MXN-TIIE-          
Capital Services, Inc. 16,700,000 MXN 1,360,733 Banxico Fixed 6.560% Jun 2021 6,475 (19,261) (12,786)
Morgan Stanley       6 Month          
Capital Services, Inc. 220,000,000 JPY 2,670,713 LIBOR Fixed 1.500% Jun 2021 24,556 126,946 151,502
The Royal Bank of                  
Scotland PLC 6,438,896 BRL 3,893,538 CDI Fixed 11.245% Jan 2012 - (4,870) (4,870)
The Royal Bank of                  
Scotland PLC 2,100,000 EUR 2,800,351 FRCPXTOB Fixed 1.955% Mar 2012 - 45,908 45,908
The Royal Bank of                  
Scotland PLC 1,500,000 EUR 2,000,400 FRCPXTOB Fixed 1.950% Mar 2012 - 32,250 32,250
The Royal Bank of         3 Month        
Scotland PLC 4,800,000 USD 4,800,000 Fixed 3.500% LIBOR Jun 2021 42,551 (701,522) (658,971)
The Royal Bank of       6 Month          
Scotland PLC 1,140,000,000 JPY 14,206,493 LIBOR Fixed 1.500% Dec 2021 311,463 338,102 649,565
      $463,937,329       $748,258 ($492,955) $255,303
 
Investment Quality Bond Trust                  
The Portfolio used interest rate swaps to manage against anticipated interest rate changes. During the period ended September 30, 2011, the Portfolio held interest rate swaps with total
USD notional amounts as represented below, as measured at each quarter end.            
              Unamortized    
              Upfront    
      USD Payments Payments   Payment Unrealized  
  Notional   Notional Made by Received by Maturity Paid Appreciation Market
Portfolio Counterparty Amount Currency Amount Portfolio Portfolio Date (Received) (Depreciation) Value
Investment Quality Bond Trust                
 
 
 
510

 


JPMorgan Chase         3 Month        
Bank, N.A. 5,100,000 USD $5,100,000 Fixed 4.3175% LIBOR Dec 2028 - ($1,357,602) ($1,357,602)
JPMorgan Chase         3 Month        
Bank, N.A. 2,100,000 USD 2,100,000 Fixed 3.425% LIBOR Jun 2039 - (332,401) (332,401)
 
      $7,200,000       - ($1,690,003) ($1,690,003)
 
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
September 30, 2011, the Portfolio held interest rate swaps with total USD notional amounts ranging from approximately $14.4 million to $18.0 million, as measured at each quarter end.
              Unamortized    
              Upfront    
      USD Payments Payments   Payment Unrealized  
  Notional   Notional Made by Received by Maturity Paid Appreciation Market
Portfolio Counterparty Amount Currency Amount Portfolio Portfolio Date (Received) (Depreciation) Value
Real Return Bond Trust                  
BNP Paribas 407,359 BRL $286,336 CDI Fixed 11.880% Jan 2013 ($2,358) $10,181 $7,823
Goldman Sachs 1,535,461 BRL 902,935 CDI Fixed 11.670% Jan 2012 14,244 13,933 28,177
HSBC Bank USA 2,403,420 BRL 1,424,177 CDI Fixed 11.140% Jan 2012 9,591 17,944 27,535
HSBC Bank USA 576,395 BRL 335,570 CDI Fixed 11.360% Jan 2012 1,689 4,184 5,873
JP Morgan Chase                  
Bank 961,013 BRL 584,624 CDI Fixed 11.250% Jan 2012 (25) (672) (697)
Morgan Stanley                  
Capital Services, Inc. 9,164,615 BRL 5,201,204 CDI Fixed 10.115% Jan 2012 (169,093) (11,334) (180,427)
Morgan Stanley                  
Capital Services, Inc. 959,888 BRL 554,324 CDI Fixed 11.600% Jan 2012 8,184 8,534 16,718
Morgan Stanley                  
Capital Services, Inc. 1,247,729 BRL 715,131 CDI Fixed 11.630% Jan 2012 (459) 7,329 6,870
Morgan Stanley                  
Capital Services, Inc. 192,177 BRL 116,618 CDI Fixed 11.290% Jan 2012 (212) 139 (73)
UBS AG 3,200,000 EUR 4,046,878 FRCPXTOB Fixed 2.095% Oct 2011 - 142,100 142,100
UBS AG 406,099 BRL 276,549 CDI Fixed 12.070% Jan 2013 (1,760) 10,938 9,178
      $14,444,346       ($140,199) $203,276 $63,077
 
Total Return 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
September 30, 2011, the Portfolio held interest rate swaps with total USD notional amounts ranging from approximately $459.3 million to $957.3 million, as measured at each quarter
end.                  
              Unamortized    
              Upfront    
      USD Payments Payments   Payment Unrealized  
  Notional   Notional Made by Received by Maturity Paid Appreciation Market
Portfolio  Counterparty Amount Currency Amount Portfolio Portfolio Date (Received) (Depreciation) Value
Total Return Trust                  
 
 
511

 


Bank of America                  
N.A. 10,449,520 BRL $5,572,597 CDI Fixed 11.980% Jan 2012 - $227,334 $227,334
Bank of America                  
N.A. 19,383,967 BRL 12,915,456 CDI Fixed 11.900% Jan 2013 $15,524 352,159 367,683
Bank of America       6 Month          
N.A. 1,600,000 EUR 2,296,719 EURIBOR Fixed 3.500% Sep 2021 (25,535) 211,873 186,338
Bank of America       6 Month          
N.A. 2,300,000 EUR 3,277,614 EURIBOR Fixed 3.000% Sep 2021 29,266 101,531 130,797
Bank of America       3 Month          
N.A. 3,400,000 USD 3,400,000 LIBOR Fixed 3.000% Oct 2021 163,880 111,739 275,619
Bank of America       3 Month          
N.A. 6,000,000 USD 6,000,000 LIBOR Fixed 2.000% Dec 2021 (28,080) (68,257) (96,337)
Barclays Bank PLC 481,373 BRL 284,414 CDI Fixed 10.835% Jan 2012 841 2,805 3,646
Barclays Bank PLC 37,716,273 BRL 25,291,723 CDI Fixed 12.285% Jan 2013 107,973 877,920 985,893
Barclays Bank PLC 24,592,451 BRL 16,696,466 CDI Fixed 11.910% Jan 2013 30,758 436,013 466,771
Barclays Bank PLC 5,649,910 BRL 4,474,273 CDI Fixed 12.455% Jan 2013 3,428 79,890 83,318
Barclays Bank PLC 2,285,338 BRL 1,788,709 CDI Fixed 10.830% Jan 2014 2,108 3,664 5,772
        MXN-TIIE-          
Barclays Bank PLC 295,200,000 MXN 22,923,128 Banxico Fixed 7.340% Jan 2015 (538) 1,383,345 1,382,807
        6 Month          
Barclays Bank PLC 3,100,000 EUR 4,405,255 EURIBOR Fixed 2.500% Sep 2018 (51,953) 119,195 67,242
        6 Month          
Barclays Bank PLC 10,200,000 EUR 14,465,131 EURIBOR Fixed 3.000% Sep 2021 95,244 484,307 579,551
        3 Month          
Barclays Bank PLC 13,500,000 USD 13,500,000 LIBOR Fixed 3.000% Oct 2021 860,630 233,739 1,094,369
        6 Month          
Barclays Bank PLC 2,100,000 GBP 3,465,106 LIBOR Fixed 3.000% Mar 2022 37,423 41,631 79,054
          3 Month        
Barclays Bank PLC 2,600,000 USD 2,600,000 Fixed 4.250% LIBOR Jun 2041 57,384 (933,626) (876,242)
BNP Paribas 7,495,407 BRL 5,104,693 CDI Fixed 11.880% Jan 2013 642 143,298 143,940
        USD-Federal          
BNP Paribas 20,500,000 USD 20,500,000 Funds Fixed 1.000% Sep 2013 (7,175) 254,959 247,784
BNP Paribas 2,270,831 BRL 1,806,586 CDI Fixed 12.110% Jan 2014 - 67,433 67,433
BNP Paribas 21,112,452 BRL 17,426,874 CDI Fixed 12.560% Jan 2014 - 737,708 737,708
        6 Month          
BNP Paribas 3,200,000 EUR 4,621,279 EURIBOR Fixed 3.000% Mar 2022 51,943 96,758 148,701
          3 Month        
BNP Paribas 1,200,000 USD 1,200,000 Fixed 4.250% LIBOR Jun 2041 51,662 (456,082) (404,420)
        MXN-TIIE-          
Citibank N.A. 86,600,000 MXN 6,687,775 Banxico Fixed 7.330% Jan 2015 (3,249) 406,943 403,694
        AUD-BBR-          
Citibank N.A. 2,200,000 AUD 2,302,631 BBSW Fixed 5.000% Jun 2017 16,706 21,473 38,179
        6 Month          
Citibank N.A. 4,300,000 EUR 6,172,432 EURIBOR Fixed 3.650% Sep 2021 5,246 572,413 577,659
 
 
512

 


        6 Month          
Citibank N.A. 5,500,000 EUR 7,519,054 EURIBOR Fixed 2.500% Mar 2022 (5,933) (61,910) (67,843)
          3 Month        
Citibank N.A. 4,800,000 USD 4,800,000 Fixed 4.250% LIBOR Jun 2041 169,404 (1,787,082) (1,617,678)
          3 Month        
Citibank N.A. 7,700,000 USD 7,700,000 Fixed 4.000% LIBOR Dec 2041 94,117 (2,152,405) (2,058,288)
Credit Suisse                  
International 34,692,512 BRL 23,284,121 CDI Fixed 12.480% Jan 2013 73,254 751,397 824,651
Credit Suisse       6 Month          
International 18,700,000 EUR 25,716,239 EURIBOR Fixed 1.7500% Sep 2014 (9,374) 14,039 4,665
Credit Suisse       6 Month          
International 5,600,000 EUR 7,973,278 EURIBOR Fixed 3.500% Sep 2021 (13,204) 665,388 652,184
Credit Suisse         3 Month        
International 4,900,000 USD 4,900,000 Fixed 4.250% LIBOR Jun 2041 109,991 (1,761,370) (1,651,379)
        AUD-BBR-          
Deutsche Bank AG 1,100,000 AUD 1,151,315 BBSW Fixed 5.000% Jun 2017 8,733 10,356 19,089
        6 Month          
Deutsche Bank AG 5,800,000 EUR 8,380,994 EURIBOR Fixed 3.500% Sep 2021 69,401 606,075 675,476
        6 Month          
Deutsche Bank AG 11,000,000 EUR 15,625,959 EURIBOR Fixed 3.000% Sep 2021 88,144 537,405 625,549
        6 Month          
Deutsche Bank AG 3,200,000 EUR 4,621,279 EURIBOR Fixed 3.000% Mar 2022 49,910 98,792 148,702
          3 Month        
Deutsche Bank AG 13,200,000 USD 13,200,000 Fixed 4.250% LIBOR Jun 2041 (483,966) (3,964,648) (4,448,614)
          3 Month        
Deutsche Bank AG 2,800,000 USD 2,800,000 Fixed 4.000% LIBOR Dec 2041 (11,200) (737,268) (748,468)
Goldman Sachs 21,270,157 BRL 14,186,900 CDI Fixed 11.890% Jan 2013 5,575 414,195 419,770
Goldman Sachs 7,733,513 BRL 5,040,922 CDI Fixed 11.930% Jan 2013 (13,633) 168,304 154,671
Goldman Sachs 13,880,202 BRL 11,554,826 CDI Fixed 12.650% Jan 2014 141,431 450,471 591,902
        USD-Federal          
Goldman Sachs 10,300,000 USD 10,300,000 Funds Fixed 0.500% Sep 2014 (43,981) 168,477 124,496
        6 Month          
Goldman Sachs 25,300,000 EUR 36,315,191 EURIBOR Fixed 3.500% Sep 2021 (278,761) 3,225,233 2,946,472
        3 Month          
Goldman Sachs 5,900,000 USD 5,900,000 LIBOR Fixed 2.000% Dec 2021 (24,190) (70,541) (94,731)
        6 Month          
Goldman Sachs 11,500,000 EUR 15,721,658 EURIBOR Fixed 2.500% Mar 2022 (12,392) (129,461) (141,853)
          3 Month        
Goldman Sachs 2,600,000 USD 2,600,000 Fixed 4.250% LIBOR Jun 2041 51,008 (927,250) (876,242)
HSBC Bank USA 664,949 BRL 445,434 CDI Fixed 14.765% Jan 2012 4,667 36,579 41,246
HSBC Bank USA 1,444,625 BRL 639,986 CDI Fixed 10.610% Jan 2012 - 6,346 6,346
HSBC Bank USA 576,821 BRL 344,432 CDI Fixed 11.140% Jan 2012 2,596 4,012 6,608
HSBC Bank USA 34,363,916 BRL 24,080,194 CDI Fixed 10.450% Jan 2013 (30,868) 48,847 17,979
HSBC Bank USA 5,214,196 BRL 3,412,454 CDI Fixed 11.880% Jan 2013 (4,481) 98,112 93,631
HSBC Bank USA 3,606,502 BRL 2,732,410 CDI Fixed 11.510% Jan 2013 (8,505) 37,093 28,588
 
513

 


HSBC Bank USA 38,354,409 BRL 26,132,485 CDI Fixed 12.300% Jan 2013 113,825 902,929 1,016,754
HSBC Bank USA 22,726,930 BRL 15,228,015 CDI Fixed 11.890% Jan 2013 22,579 426,140 448,719
HSBC Bank USA 1,087,313 BRL 880,088 CDI Fixed 12.540% Jan 2014 10,381 33,296 43,677
HSBC Bank USA 4,197,588 BRL 3,778,877 CDI Fixed 11.530% Jan 2014 (3,136) 52,777 49,641
HSBC Bank USA 6,917,122 BRL 5,430,646 CDI Fixed 10.530% Jan 2014 (22,689) 13,158 (9,531)
        3 Month          
HSBC Bank USA 4,406,979 BRL 3,464,468 LIBOR Fixed 10.990% Jan 2014 7,506 11,449 18,955
        MXN-TIIE-          
HSBC Bank USA 160,000,000 MXN 12,433,588 Banxico Fixed 5.600% Sep 2016 59,627 (152,598) (92,971)
        6 Month          
HSBC Bank USA 12,500,000 EUR 17,917,499 EURIBOR Fixed 3.500% Sep 2021 171,605 1,284,162 1,455,767
        6 Month          
HSBC Bank USA 19,900,000 GBP 32,499,884 LIBOR Fixed 3.000% Mar 2022 209,551 539,579 749,130
          3 Month        
HSBC Bank USA 23,100,000 USD 23,100,000 Fixed 4.250% LIBOR Jun 2041 290,100 (8,075,174) (7,785,074)
JPMorgan Chase                  
Bank, N.A. 27,176,775 BRL 18,758,891 CDI Fixed 12.170% Jan 2013 100,721 559,082 659,803
JPMorgan Chase                  
Bank, N.A. 4,941,557 BRL 3,878,924 CDI Fixed 12.200% Jan 2014 (1,421) 159,758 158,337
JPMorgan Chase       MXN-TIIE-          
Bank, N.A. 48,700,000 MXN 3,760,908 Banxico Fixed 7.330% Jan 2015 (1,823) 228,843 227,020
JPMorgan Chase       3 Month          
Bank, N.A. 3,900,000 USD 3,900,000 LIBOR Fixed 3.000% Oct 2021 215,280 100,871 316,151
JPMorgan Chase       3 Month          
Bank, N.A. 4,600,000 USD 4,600,000 LIBOR Fixed 2.000% Dec 2021 (21,390) (52,468) (73,858)
JPMorgan Chase         3 Month        
Bank, N.A. 15,500,000 USD 15,500,000 Fixed 4.250% LIBOR Jun 2041 (452,646) (4,771,105) (5,223,751)
Morgan Stanley                  
Capital Services, Inc. 10,508,485 BRL 7,349,952 CDI Fixed 10.455% Jan 2013 (6,150) 12,908 6,758
Morgan Stanley                  
Capital Services, Inc. 4,636,326 BRL 3,020,668 CDI Fixed 11.980% Jan 2013 8,880 87,861 96,741
Morgan Stanley                  
Capital Services, Inc. 40,509,826 BRL 28,246,811 CDI Fixed 12.590% Jan 2013 6,340 1,019,440 1,025,780
Morgan Stanley                  
Capital Services, Inc. 11,936,804 BRL 9,464,146 CDI Fixed 12.500% Jan 2013 11,263 169,658 180,921
Morgan Stanley       USD-Federal          
Capital Services, Inc. 51,800,000 USD 51,800,000 Funds Fixed 0.5000% Sep 2013 (67,340) 234,965 167,625
Morgan Stanley                  
Capital Services, Inc. 10,432,279 BRL 8,421,164 CDI Fixed 10.580% Jan 2014 (29,732) 22,383 (7,349)
Morgan Stanley                  
Capital Services, Inc. 4,250,058 BRL 3,841,554 CDI Fixed 11.670% Jan 2014 2,880 51,126 54,006
Morgan Stanley                  
Capital Services, Inc. 11,149,461 BRL 9,249,859 CDI Fixed 12.510% Jan 2014 75,450 365,430 440,880
 
 
514  

 


Morgan Stanley                  
Capital Services, Inc. 8,015,174 BRL 7,605,543 CDI Fixed 12.540% Jan 2014 (8,008) 202,862 194,854
Morgan Stanley       MXN-TIIE-          
Capital Services, Inc. 13,600,000 MXN 1,105,893 Banxico Fixed 5.600% Sep 2016 2,655 (10,557) (7,902)
Morgan Stanley       MXN-TIIE-          
Capital Services, Inc. 11,100,000 MXN 906,274 Banxico Fixed 6.350% Jun 2021 2,598 (28,895) (26,297)
Morgan Stanley       6 Month          
Capital Services, Inc. 21,700,000 EUR 30,707,114 EURIBOR Fixed 3.500% Sep 2021 (101,680) 2,639,674 2,537,994
Morgan Stanley       6 Month          
Capital Services, Inc. 9,600,000 EUR 13,780,313 EURIBOR Fixed 3.650% Sep 2021 46,744 1,242,913 1,289,657
Morgan Stanley       3 Month          
Capital Services, Inc. 21,800,000 USD 21,800,000 LIBOR Fixed 3.000% Oct 2021 1,275,545 491,659 1,767,204
Morgan Stanley       3 Month          
Capital Services, Inc. 6,100,000 USD 6,100,000 LIBOR Fixed 2.000% Dec 2021 (28,365) (69,577) (97,942)
The Royal Bank of       AUD-BBR-          
Scotland PLC 2,100,000 AUD 2,197,966 BBSW Fixed 5.000% Jun 2017 16,869 19,575 36,444
The Royal Bank of         3 Month        
Scotland PLC 31,000,000 USD 31,000,000 Fixed 4.250% LIBOR Jun 2041 553,656 (11,001,158) (10,447,502)
The Royal Bank of         3 Month        
Scotland PLC 2,500,000 USD 2,500,000 Fixed 4.000% LIBOR Dec 2041 5,000 (673,275) (668,275)
UBS AG 2,311,674 BRL 1,221,374 CDI Fixed 10.575% Jan 2012 (43,550) 24,829 (18,721)
UBS AG 2,437,698 BRL 1,645,639 CDI Fixed 12.070% Jan 2013 7,474 47,592 55,066
UBS AG 3,831,051 BRL 2,955,138 CDI Fixed 11.850% Jan 2013 - 38,149 38,149
UBS AG 2,261,583 BRL 1,809,211 CDI Fixed 12.250% Jan 2014 9,150 66,576 75,726
UBS AG 4,655,800 BRL 4,161,878 CDI Fixed 11.760% Jan 2014 - 64,800 64,800
        3 Month          
UBS AG 11,804,681 BRL 9,280,622 LIBOR Fixed 10.770% Jan 2014 (19,322) 39,873 20,551
        6 Month          
UBS AG 9,100,000 EUR 12,440,617 EURIBOR Fixed 2.500% Mar 2022 (9,807) (102,442) (112,249)
      $934,001,516       $3,750,491 ($12,523,581) ($8,773,090)

 

Centrally cleared swaps              
 
 
            Unamortized    
      Payments Payments   Upfront Unrealized  
Notional   USD Notional Made by Received by Maturity Payment Paid Appreciation  
Portfolio Amount Currency Amount Portfolio Portfolio Date (Received) (Depreciation) Market Value
Global Bond Trust                
      3 Month Fixed        
6,500,000 USD $6,500,000 LIBOR 3.500% Jun 2021 ($809,412) ($82,944) ($892,356)
    $6,500,000       ($809,412) ($82,944) ($892,356)
 
 
 
515

 


              Unamortized    
        Payments Payments   Upfront Unrealized  
  Notional   USD Notional Made by Received by Maturity Payment Paid Appreciation  
Portfolio Amount Currency Amount Portfolio Portfolio Date (Received) (Depreciation) Market Value
Total Return Trust                
        3 Month Fixed        
  15,200,000 USD $15,200,000 LIBOR 4.250% Jun 2041 ($4,585,679) ($537,145) ($5,122,824)
        3 Month Fixed        
  8,000,000 USD 8,000,000 LIBOR 4.000% Dec 2041 (1,978,400) (160,081) (2,138,481)
      $23,200,000       ($6,564,079) ($697,226) ($7,261,305)

 

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. A Portfolio may enter into CDS in which it may act as either Buyer or Seller. By acting as the Seller, a 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 September 30, 2011, and the range of notional contract amounts held by the Portfolios during the period ended September 30, 2011. In addition, the table details how the Portfolios used credit default swap contracts as a buyer of protection during period ended September 30, 2011.

Active Bond Trust                  
The Portfolio used credit default swaps to manage against potential credit events. During the period ended September 30, 2011, the Portfolio held credit default swaps with total USD
notional amounts ranging up to $10.0 million, as measured at each quarter end. At September 30, 2011, the Portfolio held no credit default swap contracts.    
 
 
Core Allocation Plus Trust                  
The Portfolio used credit default swaps to manage against potential credit events. During the period ended September 30, 2011, the Portfolio held credit default swaps with total USD
notional amounts ranging from approximately $50,000 to $7.9 million, as measured at each quarter end.          
              Unamortized    
          (Pay)/   Upfront    
        USD Receive   Payment Unrealized  
  Reference Notional   Notional Fixed Maturity Paid Appreciation Market
Portfolio Counterparty  Obligation Amount Currency Amount Rate Date (Received) (Depreciation) Value
Core Allocation Plus Trust                  
  Everest Reinsurance                
Goldman Sachs Holdings, Inc. 50,000 USD $50,000 (1.750)% Dec 2013 - ($1,107) ($1,107)
Goldman Sachs CDX-EMS16V1-5Y 405,000 USD 405,000 (5.000)% Dec 2016 ($30,497) 5,959 (24,538)
Goldman Sachs CDX-EMS16V1-5Y 275,000 USD 275,000 (5.000)% Dec 2016 (20,708) 4,047 (16,661)
Goldman Sachs CDX-EMS16V1-5Y 405,000 USD 405,000 (5.000)% Dec 2016 (30,700) 6,162 (24,538)
Goldman Sachs CMBX.NA.AM.4 125,000 USD 125,000 (0.500)% Feb 2051 26,641 12,724 39,365
Goldman Sachs CMBX.NA.AA.1 130,000 USD 130,000 (0.250)% Oct 2052 47,674 1,396 49,070
 
 
516

 


JPMorgan Chase Bank,                  
N.A. CMBX.NA.A.3 65,000 USD 65,000 (0.620)% Dec 2049 46,656 2,737 49,393
JPMorgan Chase Bank,                  
N.A. CMBX.NA.A.3 60,000 USD 60,000 (0.620)% Dec 2049 43,164 2,430 45,594
JPMorgan Chase Bank,                  
N.A. CMBX.NA.AM.3 140,932 USD 140,932 (0.500)% Dec 2049 20,336 18,287 38,623
JPMorgan Chase Bank,                  
N.A. CMBX.NA.AA.1 120,000 USD 120,000 (0.250)% Oct 2052 43,109 2,186 45,295
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.A.3 65,000 USD 65,000 (0.620)% Dec 2049 46,717 2,676 49,393
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.A.3 60,000 USD 60,000 (0.620)% Dec 2049 43,729 1,865 45,594
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.AA.3 95,000 USD 95,000 (0.270)% Dec 2049 59,185 4,698 63,883
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.AA.3 95,000 USD 95,000 (0.270)% Dec 2049 59,185 4,698 63,883
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.AM.3 129,068 USD 129,068 (0.500)% Dec 2049 18,222 17,150 35,372
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.AAA. 500,000 USD 500,000 (0.350)% Feb 2051 (39,693) (27,153) (66,846)
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.AM.4 250,000 USD 250,000 (0.500)% Feb 2051 48,373 30,356 78,729
        $2,970,000     $381,393 $89,111 $470,504
 
Global Bond Trust                  
The Portfolio used credit default swaps to manage against potential credit events. During the period ended September 30, 2011, the Portfolio held credit default swaps with total USD
notional amounts ranging from approximately $45.0 million to $54.9 million, as measured at each quarter end.          
              Unamortized    
          (Pay) /   Upfront    
        USD Receive   Payment Unrealized  
  Reference Notional   Notional Fixed Maturity Paid Appreciation Market
Portfolio  Counterparty Obligation Amount Currency Amount Rate Date (Received) (Depreciation) Value
Global Bond Trust                  
  International Lease                
Bank of America N.A. Finance Corp. 1,100,000 USD $1,100,000 (0.130)% Mar 2012 - $25,914 $25,914
  CNA Financial                
Bank of America N.A. Corp. 4,000,000 USD 4,000,000 (0.940)% Dec 2014 - 129,925 129,925
  Computer Sciences                
Bank of America N.A. Corp. 2,350,000 USD 2,350,000 (0.970)% Mar 2018 - 246,763 246,763
  Marsh & McLennan                
Bank of America N.A. Companies, Inc. 3,000,000 USD 3,000,000 (0.990)% Sep 2015 - (29,804) (29,804)
  Spectra Energy                
Bank of America N.A. Capital, LLC 3,000,000 USD 3,000,000 (1.180)% Jun 2018 - 36,968 36,968
 
 
 
517  

 

  Starwood Hotels &                
  Resorts Worldwide,                
Bank of America N.A. Inc. 3,000,000 USD 3,000,000 (1.490)% Jun 2018 - 265,570 265,570
Barclays Bank PLC Sealed Air Corp. 3,000,000 USD 3,000,000 (1.035)% Sep 2013 - 29,655 29,655
BNP Paribas Vivendi 1,300,000 USD 1,300,000 (1.743)% Jun 2013 - (17,596) (17,596)
BNP Paribas Vivendi 1,300,000 USD 1,300,000 (1.780)% Jun 2013 - (18,462) (18,462)
BNP Paribas Vivendi 1,100,000 USD 1,100,000 (1.820)% Jun 2013 - (16,392) (16,392)
Citibank N.A. Autozone, Inc. 800,000 USD 800,000 (0.680)% Dec 2012 - (5,659) (5,659)
Citibank N.A. Pearson PLC 3,000,000 USD 3,000,000 (0.570)% Jun 2013 - (11,277) (11,277)
Citibank N.A. Sealed Air Corp. 1,200,000 USD 1,200,000 (0.590)% Sep 2013 - 22,472 22,472
  Tate & Lyle Public                
Deutsche Bank AG Limited Company 400,000 USD 400,000 (0.510)% Dec 2014 - 1,786 1,786
  Marsh & McLennan                
Deutsche Bank AG Companies, Inc. 2,000,000 USD 2,000,000 (0.800)% Sep 2015 - (4,918) (4,918)
  Spectra Energy                
Deutsche Bank AG Capital, LLC 1,000,000 USD 1,000,000 (1.200)% Jun 2018 - 11,075 11,075
  International Lease                
Goldman Sachs Finance Corp. 2,800,000 USD 2,800,000 (5.000)% Jun 2013 ($89,517) 186,449 96,932
JPMorgan Chase Bank,                  
N.A. Loews Corp. 400,000 USD 400,000 (0.330)% Mar 2016 - 8,431 8,431
Morgan Stanley Capital                  
Services, Inc. Masco Corp. 300,000 USD 300,000 (0.580)% Sep 2012 - 6,487 6,487
Morgan Stanley Capital                  
Services, Inc. Duke Capital 1,000,000 USD 1,000,000 (1.150)% Jun 2018 - 14,194 14,194
Morgan Stanley Capital Simon Property                
Services, Inc. Group, L.P. 3,000,000 USD 3,000,000 (0.885)% Jun 2018 - 228,574 228,574
The Royal Bank of                  
Scotland PLC GATX Corp. 3,000,000 USD 3,000,000 (0.605)% Mar 2012 - 3,153 3,153
  The Cleveland                
The Royal Bank of Electric Illuminating                
Scotland PLC Company 3,000,000 USD 3,000,000 (0.940)% Jun 2017 - 149,139 149,139
        $45,050,000     ($89,517) $1,262,447 $1,172,930
 
Investment Quality Bond Trust                  
The Portfolio used credit default swaps to manage against potential credit events. During the period ended September 30, 2011, the Portfolio held credit default swaps with total USD
notional amounts ranging from approximately $8.7 million to $40.5 million, as measured at each quarter end.        
              Unamortized    
          (Pay) /   Upfront    
        USD Receive   Payment Unrealized  
  Reference Notional   Notional Fixed Maturity Paid Appreciation Market
Portfolio Counterparty  Obligation Amount Currency Amount Rate Date (Received) (Depreciation) Value
Investment Quality Bond Trust                  
Goldman Sachs CDX-EMS16V1-5Y 2,195,000 USD $2,195,000 (5.000)% Dec 2016 ($165,289) $32,300 ($132,989)
Goldman Sachs CDX-EMS16V1-5Y 1,485,000 USD 1,485,000 (5.000)% Dec 2016 (111,824) 21,852 (89,972)
 
518  

 


Goldman Sachs CDX-EMS16V1-5Y 2,190,000 USD 2,190,000 (5.000)% Dec 2016 (166,005) 33,319 (132,686)
Goldman Sachs CMBX.NA.AM.4 625,000 USD 625,000 (0.500)% Feb 2051 133,204 63,619 196,823
Goldman Sachs CMBX.NA.AA.1 620,000 USD 620,000 (0.250)% Oct 2052 227,369 6,655 234,024
JPMorgan Chase Bank,                  
N.A. CMBX.NA.A.3 310,000 USD 310,000 (0.620)% Dec 2049 222,515 13,053 235,568
JPMorgan Chase Bank,                  
N.A. CMBX.NA.A.3 305,000 USD 305,000 (0.620)% Dec 2049 219,417 12,351 231,768
JPMorgan Chase Bank,                  
N.A. CMBX.NA.AM.3 720,817 USD 720,817 (0.500)% Dec 2049 104,009 94,156 198,165
JPMorgan Chase Bank,                  
N.A. CMBX.NA.AA.1 620,000 USD 620,000 (0.250)% Oct 2052 222,729 11,295 234,024
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.A.3 310,000 USD 310,000 (0.620)% Dec 2049 222,806 12,762 235,568
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.A.3 315,000 USD 315,000 (0.620)% Dec 2049 229,577 9,790 239,367
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.AA.3 470,000 USD 470,000 (0.270)% Dec 2049 292,809 23,245 316,054
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.AA.3 470,000 USD 470,000 (0.270)% Dec 2049 292,809 23,245 316,054
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.AM.3 659,183 USD 659,183 (0.500)% Dec 2049 93,066 88,154 181,220
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.AAA. 2,485,000 USD 2,485,000 (0.350)% Feb 2051 (197,274) (134,950) (332,224)
Morgan Stanley Capital                  
Services, Inc. CMBX.NA.AM.4 1,245,000 USD 1,245,000 (0.500)% Feb 2051 240,900 151,171 392,071
  Everest Reinsurance                
UBS AG Holdings, Inc. 1,450,000 USD 1,450,000 (1.800)% Dec 2013 - (33,726) (33,726)
        $16,475,000     $1,860,818 $428,291 $2,289,109
 
Real Return Bond Trust                  
The Portfolio used credit default swaps to manage against potential credit events. During the period ended September 30, 2011, the Portfolio held credit default swaps with total USD
notional amounts as represented below, as measured at each quarter end.            
              Unamortized    
          (Pay)/   Upfront    
        USD Receive   Payment Unrealized  
  Reference Notional   Notional Fixed Maturity Paid Appreciation Market
Portfolio Counterparty Obligation Amount Currency Amount Rate Date (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 - $22,233 $22,233
Barclays Bank PLC Rexam PLC 1,000,000 USD 1,000,000 (1.450)% Jun 2013 - (12,636) (12,636)
  Everest Reinsurance                
Barclays Bank PLC Holdings, Inc. 1,000,000 USD 1,000,000 (0.535)% Dec 2014 - 11,062 11,062
 
 
519  

 


  International Lease              
BNP Paribas Finance Corp. 800,000 USD 800,000 (1.600)% Dec 2013 - 94,465 94,465
        $3,700,000     - $115,124 $115,124

 

Implied credit spreads are utilized in determining the market value of CDS agreements in which a 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 a 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 contracts held at September 30, 2011, and the range of notional contracts amounts held by the Portfolios during the period ended September 30, 2011. In addition, the table details how the Portfolios used credit default swap contracts as a seller of protection during the period ended September 30, 2011.

Core Allocation Plus Trust                    
The Portfolio used credit default swaps to gain exposure to a security or credit index and to take a long position in the exposure of the benchmark. During the period ended September 30, 2011,
the Portfolio held credit default swaps with total USD notional amounts ranging up to $4.1 million, as measured at each quarter end.      
                  Unamortized    
      Implied       (Pay)/   Upfront    
      Credit     USD Receive   Payment Unrealized  
    Reference Spread at Notional   Notional Fixed Maturity Paid Appreciation Market
Portfolio Counterparty Obligation 9-30-2011 Amount Currency Amount Rate Date (Received) (Depreciation) Value
Core Allocation Plus Trust                    
  Goldman Sachs LCDX.NA.16-V1 n/a 265,000 USD $265,000 2.50% Jun 2016 ($16,382) ($3,044) ($19,426)
  Goldman Sachs LCDX.NA.16-V1 n/a 145,000 USD 145,000 2.50% Jun 2016 (7,914) (2,716) (10,630)
    CDX-                  
  Goldman Sachs NAHYS17V1-5Y n/a 730,000 USD 730,000 5.00% Dec 2016 (69,350) (20,081) (89,431)
    CDX-                  
  Goldman Sachs NAIGS17V1-5Y n/a 1,630,000 USD 1,630,000 1.00% Dec 2016 (25,811) (7,378) (33,189)
  Goldman Sachs CMBX.NA.AJ.2 n/a 35,000 USD 35,000 0.09% Mar 2049 (11,812) (125) (11,937)
  JPMorgan Chase                    
  Bank, N.A. CMBX.NA.AJ.2 n/a 125,000 USD 125,000 0.90% Mar 2049 (28,461) (14,173) (42,634)
  JPMorgan Chase                    
  Bank, N.A. CMBX.NA.AJ.2 n/a 125,000 USD 125,000 0.90% Mar 2049 (28,150) (14,487) (42,637)
  JPMorgan Chase                    
  Bank, N.A. CMBX.NA.AJ.2 n/a 30,000 USD 30,000 0.09% Mar 2049 (10,574) 342 (10,232)
  JPMorgan Chase                    
  Bank, N.A. CMBX.NA.AJ.2 n/a 60,000 USD 60,000 0.09% Mar 2049 (21,149) 685 (20,464)
  Morgan Stanley                    
  Capital Services, Inc. Xerox Corp. n/a 325,000 USD 325,000 1.00% Jun 2016 (4,545) (19,775) (24,320)
  Morgan Stanley                    
  Capital Services, Inc. CMBX.NA.A.5 n/a 250,000 USD 250,000 3.50% Feb 2051 (127,770) (47,709) (175,479)
 
 
  520  

 


Morgan Stanley                    
Capital Services, Inc. CMBX.NA.AA.4 n/a 190,000 USD 190,000 1.65% Feb 2051 (96,835) (28,513) (125,348)
Morgan Stanley                    
Capital Services, Inc. CMBX.NA.AA.4 n/a 65,000 USD 65,000 1.65% Feb 2051 (32,974) (9,908) (42,882)
Morgan Stanley                    
Capital Services, Inc. CMBX.NA.AA.4 n/a 125,000 USD 125,000 0.65% Feb 2051 (72,245) (10,221) (82,466)
          $4,100,000     ($553,972) ($177,103) ($731,075)

 

Global Bond Trust
The Portfolio used credit default swaps to gain exposure to a security or credit index and to take a long position in the exposure of the benchmark. During the period ended September 30, 2011,
the Portfolio held credit default swaps with total USD notional amounts ranging from approximately $109.7 million to $191.7 million, as measured at each quarter end.

                  Unamortized    
      Implied       (Pay) /   Upfront    
      Credit     USD Receive   Payment Unrealized  
    Reference Spread at Notional   Notional Fixed Maturity Paid Appreciation Market
Portfolio Counterparty Obligation 9-30-2011 Amount Currency Amount Rate Date (Received) (Depreciation) Value
Global Bond Trust                    
    United Kingdom                  
    of Great Britain                  
    and Northern                  
  Bank of America N.A. Ireland 0.73% 2,300,000 USD $2,300,000 1.00% Jun 2015 $16,041 $7,188 $23,229
    United Kingdom                  
    of Great Britain                  
    and Northern                  
  Bank of America N.A. Ireland 0.73% 7,900,000 USD 7,900,000 1.00% Jun 2015 41,019 38,766 79,785
  Bank of America N.A. French Republic 1.76% 1,300,000 USD 1,300,000 0.25% Mar 2016 (45,813) (36,782) (82,595)
    Federative                  
  Bank of America N.A. Republic of Brazil 0.65% 1,400,000 USD 1,400,000 1.00% Dec 2011 1,075 461 1,536
    Russian                  
  Bank of America N.A. Federation 1.84% 4,300,000 USD 4,300,000 1.00% Dec 2011 (910) (5,604) (6,514)
    United Mexican                  
  Bank of America N.A. States 0.57% 3,800,000 USD 3,800,000 1.00% Dec 2011 2,874 1,977 4,851
    Ally Financial,                  
  Bank of America N.A. Inc. 6.99% 1,300,000 USD 1,300,000 5.00% Dec 2012 13,442 (41,632) (28,190)
  Bank of America N.A. MCDX.NA.15 n/a 900,000 USD 900,000 1.00% Dec 2015 (21,615) (5,910) (27,525)
  Bank of America N.A. State of California 2.54% 4,900,000 USD 4,900,000 2.93% Dec 2020 - 110,245 110,245
    United Mexican                  
  Barclays Bank PLC States 0.57% 3,800,000 USD 3,800,000 1.00% Dec 2011 2,758 2,093 4,851
    People's Republic                  
  Barclays Bank PLC of China 1.95% 1,100,000 USD 1,100,000 1.00% Sep 2016 (1,035) (46,526) (47,561)
    Commonwealth of                  
  BNP Paribas Australia 0.85% 1,000,000 USD 1,000,000 1.00% Jun 2015 12,621 (6,703) 5,918
    Russian                  
  Citibank N.A. Federation 1.84% 2,600,000 USD 2,600,000 1.00% Dec 2011 1,619 (5,766) (4,147)

 

521

 


  United Kingdom                  
  of Great Britain                  
  and Northern                  
Citibank N.A. Ireland 0.73% 1,000,000 USD 1,000,000 1.00% Jun 2015 5,559 4,540 10,099
 
Citibank N.A. French Republic 1.76% 3,200,000 USD 3,200,000 0.25% Mar 2016 (112,901) (90,410) (203,311)
  People's Republic                
Citibank N.A. of China 1.87% 3,300,000 USD 3,300,000 1.00% Mar 2016 30,590 (149,358) (118,768)
  United Kingdom                  
  of Great Britain                  
  and Northern                  
Citibank N.A. Ireland 0.88% 1,800,000 USD 1,800,000 1.00% Jun 2016 21,624 (10,843) 10,781
Citibank N.A. French Republic 1.76% 4,400,000 USD 4,400,000 0.25% Dec 2016 (340,730) 336 (340,394)
Citibank N.A. MCDX.NA.15 n/a 300,000 USD 300,000 1.00% Dec 2020 (15,511) (5,614) (21,125)
Credit Suisse Government of                  
International Japan 1.37% 4,700,000 USD 4,700,000 1.00% Mar 2016 (29,566) (42,669) (72,235)
Credit Suisse People's Republic                
International of China 1.87% 3,100,000 USD 3,100,000 1.00% Mar 2016 28,694 (140,264) (111,570)
Credit Suisse People's Republic                
International of China 1.98% 2,400,000 USD 2,400,000 1.00% Dec 2016 (94,589) (17,609) (112,198)
  Federative                  
Deutsche Bank AG Republic of Brazil 0.65% 3,500,000 USD 3,500,000 1.00% Dec 2011 2,869 970 3,839
  Ally Financial,                  
Deutsche Bank AG Inc. 5.77% 1,300,000 USD 1,300,000 5.00% Sep 2012 11,995 (19,468) (7,473)
  United Kingdom                  
  of Great Britain                  
  and Northern                  
Deutsche Bank AG Ireland 0.73% 1,800,000 USD 1,800,000 1.00% Jun 2015 10,029 8,150 18,179
Deutsche Bank AG MCDX.NA.15 n/a 1,500,000 USD 1,500,000 1.00% Dec 2015 (31,455) (14,420) (45,875)
  People's Republic                
Deutsche Bank AG of China 1.82% 800,000 USD 800,000 1.00% Dec 2015 14,378 (40,226) (25,848)
  United Kingdom                  
  of Great Britain                  
  and Northern                  
Deutsche Bank AG Ireland 0.80% 6,000,000 USD 6,000,000 1.00% Dec 2015 110,289 (57,844) 52,445
  United States of                  
Deutsche Bank AG America 0.56% 7,900,000 EUR 11,004,303 0.25% Dec 2015 (90,711) (43,223) (133,934)
  Commonwealth of                
Deutsche Bank AG Australia 0.92% 2,700,000 USD 2,700,000 1.00% Mar 2016 49,936 (39,937) 9,999
  Commonwealth of                
Deutsche Bank AG Australia 0.98% 100,000 USD 100,000 1.00% Sep 2016 1,479 (1,336) 143
  Commonwealth of                
Deutsche Bank AG Australia 1.00% 1,200,000 USD 1,200,000 1.00% Dec 2016 2,977 (2,611) 366
Goldman Sachs MCDX.NA.15 n/a 6,900,000 USD 6,900,000 1.00% Dec 2015 (219,131) 8,106 (211,025)
 
 
522  

 


  Commonwealth of                
Goldman Sachs Australia 0.95% 600,000 USD 600,000 1.00% Jun 2016 13,420 (11,883) 1,537
Goldman Sachs MCDX.NA.16 n/a 2,700,000 USD 2,700,000 1.00% Jun 2016 (52,558) (49,420) (101,978)
  Federal Republic                  
Goldman Sachs of Germany n/a 9,700,000 USD 9,700,000 0.25% Dec 2016 (424,488) 741 (423,747)
  People's Republic                
Goldman Sachs of China 1.98% 1,900,000 USD 1,900,000 1.00% Dec 2016 (66,705) (22,077) (88,782)
  United Kingdom                  
  of Great Britain                  
JPMorgan Chase and Northern                  
Bank, N.A. Ireland 0.73% 7,800,000 USD 7,800,000 1.00% Jun 2015 29,705 49,070 78,775
JPMorgan Chase People's Republic                
Bank, N.A. of China 1.82% 5,000,000 USD 5,000,000 1.00% Dec 2015 79,423 (240,972) (161,549)
JPMorgan Chase Commonwealth of                
Bank, N.A. Australia 0.95% 800,000 USD 800,000 1.00% Jun 2016 16,474 (14,424) 2,050
JPMorgan Chase People's Republic                
Bank, N.A. of China 1.95% 7,700,000 USD 7,700,000 1.00% Sep 2016 - (332,929) (332,929)
JPMorgan Chase People's Republic                
Bank, N.A. of China 1.98% 1,200,000 USD 1,200,000 1.00% Dec 2016 (47,044) (9,062) (56,106)
Morgan Stanley Russian                  
Capital Services, Inc. Federation 1.84% 200,000 USD 200,000 1.00% Dec 2011 133 (452) (319)
Morgan Stanley                    
Capital Services, Inc. French Republic 1.72% 1,500,000 USD 1,500,000 0.25% Dec 2015 (25,332) (62,754) (88,086)
Morgan Stanley                    
Capital Services, Inc. MCDX.NA.15 n/a 4,000,000 USD 4,000,000 1.00% Dec 2015 (143,271) 20,938 (122,333)
Morgan Stanley Government of                  
Capital Services, Inc. Japan 1.37% 500,000 USD 500,000 1.00% Mar 2016 (4,186) (3,499) (7,685)
Morgan Stanley Commonwealth of                
Capital Services, Inc. Australia 0.95% 1,700,000 USD 1,700,000 1.00% Jun 2016 37,631 (33,275) 4,356
Morgan Stanley                    
Capital Services, Inc. State of California 2.13% 1,600,000 USD 1,600,000 1.35% Jun 2016 - (48,712) (48,712)
Morgan Stanley Commonwealth of                
Capital Services, Inc. Australia 1.00% 700,000 USD 700,000 1.00% Dec 2016 2,085 (1,871) 214
Morgan Stanley                    
Capital Services, Inc. French Republic 1.76% 10,100,000 USD 10,100,000 0.25% Dec 2016 (779,888) 771 (779,117)
Morgan Stanley People's Republic                
Capital Services, Inc. of China 1.98% 500,000 USD 500,000 1.00% Dec 2016 (20,029) (3,346) (23,375)
Morgan Stanley Commonwealth of                
Capital Services, Inc. Pennsylvania 1.53% 1,000,000 USD 1,000,000 1.40% Mar 2021 - (8,071) (8,071)
Morgan Stanley                    
Capital Services, Inc. State of California 2.56% 1,600,000 USD 1,600,000 2.15% Mar 2021 - (35,090) (35,090)
Morgan Stanley State of                  
Capital Services, Inc. Connecticut 1.82% 2,600,000 USD 2,600,000 1.63% Mar 2021 - (29,837) (29,837)
 
 
523  

 


  Morgan Stanley                    
  Capital Services, Inc. State of California 2.57% 2,900,000 USD 2,900,000 2.15% Jun 2021 - (66,728) (66,728)
  The Royal Bank of Commonwealth of                  
  Scotland PLC Australia 0.92% 1,400,000 USD 1,400,000 1.00% Mar 2016 27,374 (22,189) 5,185
  The Royal Bank of Commonwealth of                  
  Scotland PLC Australia 0.92% 2,300,000 USD 2,300,000 1.00% Mar 2016 44,050 (35,532) 8,518
  The Royal Bank of Commonwealth of                  
  Scotland PLC Australia 0.92% 2,700,000 USD 2,700,000 1.00% Mar 2016 51,164 (41,165) 9,999
  The Royal Bank of Commonwealth of                  
  Scotland PLC Australia 0.98% 1,800,000 USD 1,800,000 1.00% Sep 2016 25,310 (22,727) 2,583
    United States of                  
  UBS AG America 0.59% 4,000,000 EUR 5,804,597 0.25% Jun 2016 (69,168) (12,415) (81,583)
    Commonwealth of                  
  UBS AG Australia 0.98% 2,000,000 USD 2,000,000 1.00% Sep 2016 35,185 (32,315) 2,870
    Commonwealth of                  
  UBS AG Australia 0.98% 4,600,000 USD 4,600,000 1.00% Sep 2016 68,012 (61,412) 6,600
    Commonwealth of                  
  UBS AG Australia 1.00% 3,000,000 USD 3,000,000 1.00% Dec 2016 5,965 (4,966) 999
    People's Republic                  
  UBS AG of China 1.98% 4,100,000 USD 4,100,000 1.00% Dec 2016 (128,606) (62,976) (191,582)
            $191,608,900     ($1,947,443) ($1,840,502) ($3,787,945)
 
Investment Quality Bond Trust                    
The Portfolio used credit default swaps to gain exposure to a security or credit index and to take a long position in the exposure of the benchmark. During the period ended September 30, 2011,
the Portfolio held credit default swaps with total USD notional amounts ranging up to approximately $20.8 million, as measured at each quarter end.    
                  Unamortized    
      Implied       (Pay) /   Upfront    
      Credit     USD Receive   Payment Unrealized  
    Reference Spread at Notional   Notional Fixed Maturity Paid Appreciation Market
Portfolio Counterparty Obligation 9-30-2011 Amount Currency Amount Rate Date (Received) (Depreciation) Value
Investment Quality Bond Trust                    
  Goldman Sachs LCDX.NA.16-V1 n/a 1,295,000 USD $1,295,000 2.50% Jun 2016 ($80,289) ($14,643) ($94,932)
  Goldman Sachs LCDX.NA.16-V1 n/a 940,000 USD 940,000 2.50% Jun 2016 (51,307) (17,601) (68,908)
  Goldman Sachs CMBX.NA.AJ.2 n/a 170,000 USD 170,000 0.09% Mar 2049 (57,372) (610) (57,982)
  JPMorgan Chase                    
  Bank, N.A. CMBX.NA.AJ.2 n/a 625,000 USD 625,000 0.09% Mar 2049 (142,307) (70,861) (213,168)
  JPMorgan Chase                    
  Bank, N.A. CMBX.NA.AJ.2 n/a 615,000 USD 615,000 0.09% Mar 2049 (138,499) (71,258) (209,757)
  JPMorgan Chase                    
  Bank, N.A. CMBX.NA.AJ.2 n/a 155,000 USD 155,000 0.09% Mar 2049 (54,634) 1,768 (52,866)
  JPMorgan Chase                    
  Bank, N.A. CMBX.NA.AJ.2 n/a 295,000 USD 295,000 0.09% Mar 2049 (103,981) 3,366 (100,615)
  Morgan Stanley                    
  Capital Services, Inc. Xerox Corp. n/a 825,000 USD 825,000 1.00% Jun 2016 (11,003) (50,729) (61,732)
 
  524  

 


  Morgan Stanley                    
  Capital Services, Inc. CMBX.NA.A.5 n/a 1,240,000 USD 1,240,000 3.50% Feb 2051 (633,741) (236,636) (870,377)
  Morgan Stanley                    
  Capital Services, Inc. CMBX.NA.AA. n/a 940,000 USD 940,000 0.17% Feb 2051 (479,076) (141,066) (620,142)
  Morgan Stanley                    
  Capital Services, Inc. CMBX.NA.AA. n/a 315,000 USD 315,000 0.17% Feb 2051 (159,798) (48,015) (207,813)
  Morgan Stanley                    
  Capital Services, Inc. CMBX.NA.AA.4 n/a 625,000 USD 625,000 0.65% Feb 2051 (361,223) (51,105) (412,328)
    CDX-                  
  UBS AG NAHYS17V1-5Y n/a 3,940,000 USD 3,940,000 5.00% Dec 2016 (374,300) (108,384) (482,684)
    CDX-                  
  UBS AG NAIGS17V1-5Y n/a 8,785,000 USD 8,785,000 1.00% Dec 2016 (138,648) (40,226) (178,874)
            $20,765,000     ($2,786,178) ($846,000) ($3,632,178)
 
Real Return Bond Trust                    
The Portfolio used credit default swaps to gain exposure to a security or credit index and to take a long position in the exposure of the benchmark During the period ended September 30, 2011, the
Portfolio held credit default swaps with total USD notional amounts ranging from approximately $6.0 million to $6.9 million, as measured at each quarter end.    
                  Unamortized    
      Implied       (Pay) /   Upfront    
      Credit       Receive   Payment Unrealized  
    Reference Spread at Notional   USD Notional Fixed Maturity Paid Appreciation Market
Portfolio Counterparty Obligation 9-30-2011 Amount Currency Amount Rate Date (Received) (Depreciation) Value
Real Return Bond Trust                    
    Federative                  
  Barclays Bank PLC Republic of Brazil 1.71% 500,000 USD $500,000 1.00% Jun 2015 ($3,102) ($9,591) ($12,693)
  Barclays Bank PLC French Republic 1.72% 200,000 USD 200,000 0.25% Dec 2015 (3,247) (8,498) (11,745)
  Barclays Bank PLC CDX.EM.15 n/a 100,000 USD 100,000 5.00% Jun 2016 12,153 (6,109) 6,044
  Citibank N.A. French Republic 1.65% 400,000 USD 400,000 0.25% Jun 2015 (6,952) (12,987) (19,939)
  Citibank N.A. CDX.EM.14 n/a 900,000 USD 900,000 5.00% Dec 2015 105,036 (53,149) 51,887
  Citibank N.A. French Republic 1.79% 600,000 USD 600,000 0.25% Jun 2016 (24,867) (16,123) (40,990)
    United Kingdom of                  
    Great Britain and                  
  Deutsche Bank AG Northern Ireland 0.73% 1,300,000 USD 1,300,000 1.00% Jun 2015 11,259 1,870 13,129
  Deutsche Bank AG CDX.EM.14 n/a 200,000 USD 200,000 5.00% Dec 2015 24,156 (12,626) 11,530
    Government of                  
  Goldman Sachs Japan 1.33% 700,000 USD 700,000 1.00% Dec 2015 12,646 (21,744) (9,098)
  JPMorgan Chase Federative                  
  Bank, N.A. Republic of Brazil 1.71% 600,000 USD 600,000 1.00% Jun 2015 (4,956) (10,275) (15,231)
  JPMorgan Chase Petroleo Brasileiro                  
  Bank, N.A. S/A Petrobras 2.02% 300,000 USD 300,000 1.00% Sep 2015 (6,651) (4,920) (11,571)
  UBS AG CDX.EM.14 n/a 200,000 USD 200,000 5.00% Dec 2015 22,932 (11,402) 11,530
            $6,000,000     $138,407 ($165,554) ($27,147)
 
 
  525  

 


Total Return Trust                    
The Portfolio used credit default swaps to gain exposure to a security or credit index and to take a long position in the exposure of the benchmark. During the period ended September 30, 2011,
the Portfolio held credit default swaps with total USD notional amounts ranging from approximately $412.7 million to $666.6 million, as measured at each quarter end.  
                  Unamortized    
      Implied       (Pay) /   Upfront    
      Credit     USD Receive   Payment Unrealized  
    Reference Spread at Notional   Notional Fixed Maturity Paid Appreciation Market
Portfolio Counterparty Obligation 9-30-2011 Amount Currency Amount Rate Date (Received) (Depreciation) Value
Total Return Trust                    
    Berkshire                  
  Bank of America N.A. Hathaway, Inc. 2.28% 2,900,000 USD $2,900,000 1.00% Mar 2015 ($34,840) ($86,104) ($120,944)
    United Mexican                  
  Bank of America N.A. States 1.73% 300,000 USD 300,000 1.00% Sep 2015 (3,363) (4,955) (8,318)
  Bank of America N.A. CDX.EM.14 n/a 6,100,000 USD 6,100,000 5.00% Dec 2015 690,937 (339,259) 351,678
    General Electric                  
  Bank of America N.A. Capital Corp. 2.97% 2,600,000 USD 2,600,000 1.00% Dec 2015 (43,754) (151,628) (195,382)
    General Electric                  
  Bank of America N.A. Capital Corp. 2.97% 2,500,000 USD 2,500,000 1.00% Dec 2015 (41,110) (146,758) (187,868)
    Federative                  
  Bank of America N.A. Republic of Brazil 1.83% 20,700,000 USD 20,700,000 1.00% Mar 2016 (130,117) (599,191) (729,308)
  Bank of America N.A. French Republic 1.76% 2,300,000 USD 2,300,000 0.25% Mar 2016 (80,227) (65,903) (146,130)
    Government of                  
  Bank of America N.A. Japan 1.37% 400,000 USD 400,000 1.00% Mar 2016 4,566 (10,714) (6,148)
    Government of                  
  Bank of America N.A. Japan 1.37% 300,000 USD 300,000 1.00% Mar 2016 3,676 (8,287) (4,611)
  Bank of America N.A. Kingdom of Spain 3.80% 500,000 USD 500,000 1.00% Mar 2016 (29,054) (25,368) (54,422)
  Bank of America N.A. Kingdom of Spain 3.80% 23,800,000 USD 23,800,000 1.00% Mar 2016 (1,394,101) (1,196,373) (2,590,474)
  Bank of America N.A. Metlife, Inc. 3.38% 7,300,000 USD 7,300,000 1.00% Mar 2016 (145,820) (546,432) (692,252)
    Federative                  
  Bank of America N.A. Republic of Brazil 1.85% 1,000,000 USD 1,000,000 1.95% Apr 2016 (1,816) 14,831 13,015
  Bank of America N.A. CDX.NA.IG.16 n/a 13,700,000 USD 13,700,000 1.00% Jun 2016 54,399 (265,245) (210,846)
    Credit Agricole                  
  Bank of America N.A. SA 5.21% 3,000,000 EUR 4,438,047 1.00% Jun 2016 (294,055) (378,961) (673,016)
    United Kingdom                  
    of Great Britain                  
    And Northern                  
  Bank of America N.A. Ireland 0.88% 3,900,000 USD 3,900,000 1.00% Jun 2016 73,488 (50,128) 23,360
  Bank of America N.A. Republic of Korea 2.15% 1,400,000 USD 1,400,000 1.00% Sep 2016 (986) (72,272) (73,258)
    United Mexican                  
  Barclays Bank PLC States 0.58% 1,000,000 USD 1,000,000 0.39% Jan 2012 - 211 211
  Barclays Bank PLC Dell, Inc. 0.71% 5,900,000 USD 5,900,000 1.00% Sep 2013 19,289 15,721 35,010
    United Mexican                  
  Barclays Bank PLC States 1.64% 2,000,000 USD 2,000,000 1.00% Mar 2015 (30,545) (12,233) (42,778)
  Barclays Bank PLC CDX.EM.13 n/a 200,000 USD 200,000 5.00% Jun 2015 17,670 (6,862) 10,808
  Barclays Bank PLC CDX.EM.13 n/a 22,500,000 USD 22,500,000 5.00% Jun 2015 2,199,819 (983,942) 1,215,877
 
  526  

 


  Federative                  
Barclays Bank PLC Republic of Brazil 1.71% 500,000 USD 500,000 1.00% Jun 2015 (5,137) (7,556) (12,693)
Barclays Bank PLC CDX.EM.14 n/a 4,600,000 USD 4,600,000 5.00% Dec 2015 500,800 (235,600) 265,200
  People's Republic                  
Barclays Bank PLC of China 1.87% 700,000 USD 700,000 1.00% Mar 2016 7,296 (32,489) (25,193)
Barclays Bank PLC Republic of Italy 4.72% 1,500,000 USD 1,500,000 1.00% Mar 2016 (50,733) (159,129) (209,862)
  United Mexican                  
Barclays Bank PLC States 1.82% 200,000 USD 200,000 1.00% Mar 2016 (1,341) (5,625) (6,966)
Barclays Bank PLC CDX.EM.15 n/a 3,400,000 USD 3,400,000 5.00% Jun 2016 388,449 (182,979) 205,470
  Republic of                  
Barclays Bank PLC Indonesia 2.94% 3,100,000 USD 3,100,000 1.00% Jun 2016 (47,227) (207,148) (254,375)
  Republic of                  
Barclays Bank PLC Indonesia 2.94% 2,100,000 USD 2,100,000 1.00% Jun 2016 (32,893) (139,426) (172,319)
  Republic of                  
Barclays Bank PLC Indonesia 2.94% 1,900,000 USD 1,900,000 1.00% Jun 2016 (28,330) (127,577) (155,907)
  Republic of                  
Barclays Bank PLC Indonesia 2.94% 1,800,000 USD 1,800,000 1.00% Jun 2016 (26,450) (121,252) (147,702)
Barclays Bank PLC French Republic 1.83% 500,000 USD 500,000 0.25% Sep 2016 (29,929) (6,581) (36,510)
  People's Republic                  
BNP Paribas of China 1.87% 300,000 USD 300,000 1.00% Mar 2016 3,165 (13,962) (10,797)
  United States of                  
BNP Paribas America 0.58% 7,800,000 EUR 10,936,378 0.25% Mar 2016 (98,201) (47,464) (145,665)
BNP Paribas CDX.NA.IG.16 n/a 75,300,000 USD 75,300,000 1.00% Jun 2016 245,385 (1,404,270) (1,158,885)
BNP Paribas Nucor Corp. 1.56% 5,000,000 USD 5,000,000 1.00% Jun 2018 8,959 (177,814) (168,855)
  Republic of                  
BNP Paribas Indonesia 3.49% 3,800,000 USD 3,800,000 1.00% Jun 2021 (252,233) (428,643) (680,876)
Citibank N.A. CDX.NA.HY.8 n/a 8,184,990 USD 8,184,990 0.36% Jun 2012 - 10,354 10,354
Citibank N.A. CDX.NA.HY.8 n/a 4,814,700 USD 4,814,700 0.36% Jun 2012 - 6,272 6,272
Citibank N.A. CDX.NA.HY.8 n/a 2,022,174 USD 2,022,174 0.40% Jun 2012 - 3,259 3,259
  General Electric                  
Citibank N.A. Capital Corp. 2.74% 1,500,000 USD 1,500,000 4.33% Dec 2013 - 52,774 52,774
  United Mexican                  
Citibank N.A. States 1.64% 2,000,000 USD 2,000,000 1.00% Mar 2015 (31,171) (11,607) (42,778)
  Federative                  
Citibank N.A. Republic of Brazil 1.75% 1,000,000 USD 1,000,000 1.00% Sep 2015 (12,347) (15,971) (28,318)
  Republic of                  
Citibank N.A. Indonesia 2.78% 500,000 USD 500,000 1.00% Sep 2015 (8,749) (23,670) (32,419)
  United Mexican                  
Citibank N.A. States 1.73% 700,000 USD 700,000 1.00% Sep 2015 (8,364) (11,045) (19,409)
Citibank N.A. CDX.EM.14 n/a 1,000,000 USD 1,000,000 5.00% Dec 2015 111,578 (53,926) 57,652
  Federative                  
Citibank N.A. Republic of Brazil 1.83% 3,300,000 USD 3,300,000 1.00% Mar 2016 (19,367) (96,899) (116,266)
Citibank N.A. Kingdom of Spain 3.80% 2,700,000 USD 2,700,000 1.00% Mar 2016 (145,110) (148,767) (293,877)
   
   
527

 


  Republic of                  
Citibank N.A. Kazakhstan 3.17% 300,000 USD 300,000 1.00% Mar 2016 (7,552) (19,204) (26,756)
  United Mexican                  
Citibank N.A. States 1.82% 12,000,000 USD 12,000,000 1.00% Mar 2016 (85,430) (332,551) (417,981)
  Berkshire                  
Citibank N.A. Hathaway, Inc. 2.43% 11,000,000 USD 11,000,000 1.00% Jun 2016 (24,241) (650,755) (674,996)
  Federative                  
Citibank N.A. Republic of Brazil 1.88% 6,600,000 USD 6,600,000 1.00% Jun 2016 (20,488) (238,635) (259,123)
Citibank N.A. Kingdom of Spain 3.81% 2,000,000 USD 2,000,000 1.00% Jun 2016 (127,384) (101,238) (228,622)
  Republic of                  
Citibank N.A. Indonesia 2.94% 600,000 USD 600,000 1.00% Jun 2016 (10,335) (38,899) (49,234)
  United Mexican                  
Citibank N.A. States 1.87% 3,600,000 USD 3,600,000 1.00% Jun 2016 (7,254) (132,576) (139,830)
  Republic of                  
Citibank N.A. Indonesia 3.49% 1,200,000 USD 1,200,000 1.00% Jun 2021 (81,909) (133,104) (215,013)
Credit Suisse People's Republic                  
International of China 1.70% 5,000,000 USD 5,000,000 1.00% Mar 2015 16,131 (131,089) (114,958)
Credit Suisse                    
International CDX.EM.13 n/a 700,000 USD 700,000 5.00% Jun 2015 65,757 (27,930) 37,827
Credit Suisse Federative                  
International Republic of Brazil 1.71% 6,900,000 USD 6,900,000 1.00% Jun 2015 (69,439) (105,723) (175,162)
  United Kingdom                  
  of Great Britain                  
Credit Suisse And Northern                  
International Ireland 0.84% 8,100,000 USD 8,100,000 1.00% Mar 2016 136,781 (77,134) 59,647
Credit Suisse                    
International Arcelormittal 6.30% 1,500,000 USD $1,500,000 1.00% Jun 2016 (69,622) (228,536) (298,158)
Deutsche Bank AG CDX.NA.IG.9 n/a 12,152,686 USD 12,152,686 0.71% Dec 2012 - 97,945 97,945
  Berkshire                  
Deutsche Bank AG Hathaway, Inc. 1.73% 2,000,000 USD 2,000,000 0.85% Mar 2013 - (25,112) (25,112)
Deutsche Bank AG CDX.NA.IG.10 n/a 2,411,247 USD 2,411,247 0.53% Jun 2013 - 18,293 18,293
  General Electric                  
Deutsche Bank AG Capital Corp. 2.74% 1,400,000 USD 1,400,000 4.90% Dec 2013 - 66,719 66,719
Deutsche Bank AG CDX.EM.12 n/a 1,400,000 USD 1,400,000 5.00% Dec 2014 89,566 (18,342) 71,224
  United Mexican                  
Deutsche Bank AG States 1.64% 1,000,000 USD 1,000,000 1.00% Mar 2015 (15,586) (5,803) (21,389)
Deutsche Bank AG CDX.EM.13 n/a 4,800,000 USD 4,800,000 5.00% Jun 2015 439,348 (179,961) 259,387
  Federative                  
Deutsche Bank AG Republic of Brazil 1.71% 2,800,000 USD 2,800,000 1.00% Jun 2015 (22,057) (49,023) (71,080)
  Federative                  
Deutsche Bank AG Republic of Brazil 1.71% 700,000 USD 700,000 1.00% Jun 2015 (4,806) (12,964) (17,770)
Deutsche Bank AG CDX.EM.14 n/a 4,300,000 USD 4,300,000 5.00% Dec 2015 435,061 (187,157) 247,904
Deutsche Bank AG French Republic 1.76% 600,000 USD 600,000 0.25% Mar 2016 (20,949) (17,172) (38,121)
 
 
528

 


  General Electric                  
Deutsche Bank AG Capital Corp. 2.99% 400,000 USD 400,000 1.00% Mar 2016 (19,018) (12,832) (31,850)
Deutsche Bank AG Metlife, Inc. 3.38% 1,500,000 USD 1,500,000 1.00% Mar 2016 (26,975) (115,269) (142,244)
Deutsche Bank AG Metlife, Inc. 3.38% 2,200,000 USD 2,200,000 1.00% Mar 2016 (40,426) (168,198) (208,624)
  Republic of                  
Deutsche Bank AG Kazakhstan 3.17% 300,000 USD 300,000 1.00% Mar 2016 (7,915) (18,841) (26,756)
  United Kingdom                  
  of Great Britain                  
  And Northern                  
Deutsche Bank AG Ireland 0.84% 1,200,000 USD 1,200,000 1.00% Mar 2016 20,264 (11,427) 8,837
  United Mexican                  
Deutsche Bank AG States 1.82% 7,500,000 USD 7,500,000 1.00% Mar 2016 (48,618) (212,620) (261,238)
Deutsche Bank AG CDX.EM.15 n/a 1,100,000 USD 1,100,000 5.00% Jun 2016 134,184 (67,708) 66,476
  Federative                  
Deutsche Bank AG Republic of Brazil 1.88% 7,600,000 USD 7,600,000 1.00% Jun 2016 (20,632) (277,752) (298,384)
  People's Republic                  
Deutsche Bank AG of China 1.91% 5,100,000 USD 5,100,000 1.00% Jun 2016 51,663 (253,858) (202,195)
Deutsche Bank AG Republic of Italy 4.73% 2,800,000 USD 2,800,000 1.00% Jun 2016 (66,345) (343,175) (409,520)
Deutsche Bank AG Republic of Korea 2.12% 1,200,000 USD 1,200,000 1.00% Jun 2016 534 (58,982) (58,448)
Deutsche Bank AG Republic of Korea 2.12% 800,000 USD 800,000 1.00% Jun 2016 534 (39,500) (38,966)
  People's Republic                  
Deutsche Bank AG of China 1.95% 800,000 USD 800,000 1.00% Sep 2016 4,202 (38,792) (34,590)
Deutsche Bank AG Metlife, Inc. 3.57% 4,100,000 USD 4,100,000 1.00% Mar 2018 (214,883) (346,772) (561,655)
  Republic of                  
Deutsche Bank AG Indonesia 3.49% 2,300,000 USD 2,300,000 1.00% Jun 2021 (149,463) (262,646) (412,109)
Goldman Sachs CDX.NA.IG.10 n/a 2,989,946 USD 2,989,946 0.46% Jun 2013 - 19,128 19,128
  Berkshire                  
Goldman Sachs Hathaway, Inc. 2.28% 1,400,000 USD 1,400,000 1.00% Mar 2015 (16,820) (41,567) (58,387)
Goldman Sachs CDX.EM.13 n/a 100,000 USD 100,000 5.00% Jun 2015 8,799 (3,395) 5,404
Goldman Sachs CDX.EM.13 n/a 100,000 USD 100,000 5.00% Jun 2015 9,008 (3,604) 5,404
  Federative                  
Goldman Sachs Republic of Brazil 1.71% 500,000 USD 500,000 1.00% Jun 2015 (4,797) (7,896) (12,693)
  United Kingdom                  
  of Great Britain                  
  And Northern                  
Goldman Sachs Ireland 0.80% 2,600,000 USD 2,600,000 1.00% Dec 2015 48,841 (26,115) 22,726
  United Kingdom                  
  of Great Britain                  
  And Northern                  
Goldman Sachs Ireland 0.80% 1,000,000 USD 1,000,000 1.00% Dec 2015 18,951 (10,210) 8,741
Goldman Sachs Kingdom of Spain 3.80% 500,000 USD 500,000 1.00% Mar 2016 (29,423) (24,999) (54,422)
Goldman Sachs Republic of Italy 4.72% 500,000 USD 500,000 1.00% Mar 2016 (16,716) (53,238) (69,954)
Goldman Sachs Republic of Italy 4.72% 7,500,000 USD 7,500,000 1.00% Mar 2016 (241,076) (808,233) (1,049,309)
Goldman Sachs French Republic 1.79% 9,300,000 USD 9,300,000 0.25% Jun 2016 (223,329) (412,019) (635,348)
 
 
529

 


Goldman Sachs Republic of Italy 4.73% 1,100,000 USD 1,100,000 1.00% Jun 2016 (19,646) (141,237) (160,883)
  People's Republic                  
Goldman Sachs of China 1.95% 300,000 USD 300,000 1.00% Sep 2016 1,559 (14,530) (12,971)
Goldman Sachs CDX.NA.IG.9 n/a 964,499 USD 964,499 0.55% Dec 2017 - 3,849 3,849
  Republic of                  
HSBC Bank USA Panama 0.69% 1,400,000 USD 1,400,000 0.76% Jan 2012 - 2,455 2,455
HSBC Bank USA CDX.EM.13 n/a 6,300,000 USD 6,300,000 5.00% Jun 2015 552,750 (212,304) 340,446
  Federative                  
HSBC Bank USA Republic of Brazil 1.71% 2,300,000 USD 2,300,000 1.00% Jun 2015 (45,635) (12,752) (58,387)
  Federative                  
HSBC Bank USA Republic of Brazil 1.75% 1,700,000 USD 1,700,000 1.00% Sep 2015 (13,420) (34,721) (48,141)
HSBC Bank USA CDX.EM.14 n/a 800,000 USD 800,000 5.00% Dec 2015 84,363 (38,241) 46,122
  Republic of                  
HSBC Bank USA Kazakhstan 3.17% 400,000 USD 400,000 1.00% Mar 2016 (10,231) (25,443) (35,674)
  Republic of                  
HSBC Bank USA Indonesia 2.94% 2,100,000 USD 2,100,000 1.00% Jun 2016 (33,343) (138,976) (172,319)
HSBC Bank USA French Republic 1.83% 500,000 USD 500,000 0.25% Sep 2016 (18,462) (18,048) (36,510)
HSBC Bank USA French Republic 1.83% 500,000 USD 500,000 0.25% Sep 2016 (29,710) (6,800) (36,510)
  United Mexican                  
HSBC Bank USA States 2.23% 9,600,000 USD 9,600,000 1.00% Mar 2021 (417,439) (518,237) (935,676)
  United Kingdom                  
  of Great Britain                  
JPMorgan Chase And Northern                  
Bank, N.A. Ireland 0.69% 700,000 USD 700,000 1.00% Mar 2015 2,260 5,295 7,555
  United Kingdom                  
  of Great Britain                  
JPMorgan Chase And Northern                  
Bank, N.A. Ireland 0.69% 1,300,000 USD 1,300,000 1.00% Mar 2015 3,775 10,255 14,030
JPMorgan Chase                    
Bank, N.A. CDX.EM.13 n/a 10,000,000 USD 10,000,000 5.00% Jun 2015 884,376 (343,986) 540,390
JPMorgan Chase Federative                  
Bank, N.A. Republic of Brazil 1.75% 2,100,000 USD 2,100,000 1.00% Sep 2015 (17,651) (41,818) (59,469)
JPMorgan Chase                    
Bank, N.A. CDX.EM.14 n/a 500,000 USD 500,000 5.00% Dec 2015 53,501 (24,675) 28,826
JPMorgan Chase Government of                  
Bank, N.A. Japan 1.37% 1,300,000 USD 1,300,000 1.00% Mar 2016 9,888 (29,868) (19,980)
JPMorgan Chase                    
Bank, N.A. Metlife, Inc. 3.38% 4,000,000 USD 4,000,000 1.00% Mar 2016 (81,537) (297,779) (379,316)
JPMorgan Chase                    
Bank, N.A. CDX.EM.15 n/a 2,000,000 USD 2,000,000 5.00% Jun 2016 255,407 (134,542) 120,865
JPMorgan Chase Republic of                  
Bank, N.A. Indonesia 2.94% 1,600,000 USD 1,600,000 1.00% Jun 2016 (26,882) (104,408) (131,290)
JPMorgan Chase Federative                  
Bank, N.A. Republic of Brazil 1.93% 1,500,000 USD 1,500,000 1.00% Sep 2016 (8,853) (55,987) (64,840)
 
530  

 


JPMorgan Chase                    
Bank, N.A. CDX.NA.IG.9 n/a 2,121,897 USD 2,121,897 0.55% Dec 2017 - 9,081 9,081
JPMorgan Chase                    
Bank, N.A. Nucor Corp. 1.56% 200,000 USD 200,000 1.00% Jun 2018 419 (7,173) (6,754)
Morgan Stanley                    
Capital Services, Inc. CDX.NA.IG.9 n/a 4,800,000 USD 4,800,000 0.96% Dec 2012 - 47,924 47,924
Morgan Stanley                    
Capital Services, Inc. CDX.EM.13 n/a 8,700,000 USD 8,700,000 5.00% Jun 2015 780,646 (310,507) 470,139
Morgan Stanley Federative                  
Capital Services, Inc. Republic of Brazil 1.71% 800,000 USD 800,000 1.00% Jun 2015 (5,561) (14,748) (20,309)
Morgan Stanley                    
Capital Services, Inc. CDX.EM.14 n/a 3,800,000 USD 3,800,000 5.00% Dec 2015 399,189 (180,111) 219,078
Morgan Stanley                    
Capital Services, Inc. French Republic 1.76% 500,000 USD 500,000 0.25% Mar 2016 (14,852) (16,915) (31,767)
Morgan Stanley General Electric                  
Capital Services, Inc. Capital Corp. 3.01% 1,200,000 USD 1,200,000 1.00% Jun 2016 (4,226) (96,651) (100,877)
  United Kingdom                  
  of Great Britain                  
Morgan Stanley And Northern                  
Capital Services, Inc. Ireland 0.88% 1,800,000 USD 1,800,000 1.00% Jun 2016 29,322 (18,541) 10,781
Morgan Stanley                    
Capital Services, Inc. French Republic 1.83% 3,600,000 USD 3,600,000 0.25% Sep 2016 (163,507) (99,364) (262,871)
Morgan Stanley People's Republic                  
Capital Services, Inc. of China 1.95% 900,000 USD 900,000 1.00% Sep 2016 4,379 (43,293) (38,914)
The Royal Bank of                    
Scotland PLC French Republic 1.72% 900,000 USD 900,000 0.25% Dec 2015 (14,600) (38,252) (52,852)
The Royal Bank of                    
Scotland PLC French Republic 1.76% 500,000 USD 500,000 0.25% Mar 2016 (14,649) (17,118) (31,767)
The Royal Bank of People's Republic                  
Scotland PLC of China 1.91% 4,900,000 USD 4,900,000 1.00% Jun 2016 48,524 (242,790) (194,266)
The Royal Bank of People's Republic                  
Scotland PLC of China 1.95% 600,000 USD 600,000 1.00% Sep 2016 4,042 (29,985) (25,943)
  Berkshire                  
UBS AG Hathaway, Inc. 2.28% 1,400,000 USD 1,400,000 1.00% Mar 2015 (17,255) (41,132) (58,387)
  Federative                  
UBS AG Republic of Brazil 1.75% 500,000 USD 500,000 1.00% Sep 2015 (3,749) (10,410) (14,159)
UBS AG French Republic 1.68% 1,400,000 USD 1,400,000 0.25% Sep 2015 (29,158) (46,922) (76,080)
  United States of                  
UBS AG America 0.55% 12,700,000 EUR 16,290,280 0.25% Sep 2015 (144,829) (50,774) (195,603)
UBS AG CDX.EM.14 n/a 2,200,000 USD 2,200,000 5.00% Dec 2015 247,826 (120,991) 126,835
UBS AG French Republic 1.76% 1,600,000 USD 1,600,000 0.25% Mar 2016 (55,810) (45,845) (101,655)
 
 
531

 


  United Kingdom                  
  of Great Britain                  
  And Northern                  
UBS AG Ireland 0.88% 2,500,000 USD 2,500,000 1.00% Jun 2016 40,725 (25,751) 14,974
  People's Republic                  
UBS AG of China 1.95% 200,000 USD 200,000 1.00% Sep 2016 987 (9,635) (8,648)
  People's Republic                  
UBS AG of China 1.95% 1,900,000 USD 1,900,000 1.00% Sep 2016 10,545 (92,696) (82,151)
UBS AG Republic of Korea 2.15% 1,600,000 USD 1,600,000 1.00% Sep 2016 - (83,723) (83,723)
  Republic of                  
UBS AG Indonesia 3.49% 2,100,000 USD 2,100,000 1.00% Jun 2021 (137,930) (238,344) (376,274)
  Republic of                  
UBS AG Indonesia 3.49% 600,000 USD 600,000 1.00% Jun 2021 (41,772) (65,735) (107,507)
          $548,126,844     $3,132,018 ($18,699,963) ($15,567,945)

 

Fair value of derivative instruments by risk category. The table below summarizes the fair value of derivatives held by the Portfolios at September 30, 2011, by risk category:

Portfolio Risk Financial instruments Asset Liability
    location Derivatives Fair Derivatives Fair
      Value Value
 
500 Index Trust Equity contracts Futures - ($3,734,323)
  Total   - ($3,734,323)
 
500 Index Trust B Equity contracts Futures - ($523,923)
  Total   - ($523,923)
 
Active Bond Trust Interest rate contracts Futures $715,179 ($11,402)
  Total   $715,179 ($11,402)
 
All Cap Core Trust Equity contracts Futures - ($137,593)
  Total   - ($137,593)
 
Bond Trust Interest rate contracts Futures $5,263,154 ($1,955,233)
  Total   $5,263,154 ($1,955,233)
 
Bond PS Series Trust Interest rate contracts Futures $16,122 ($21,668)
  Total   $16,122 ($21,668)
 
 
532

 


Capital Appreciation Value Trust Equity contracts Written options - ($515,244)
  Total   - ($515,244)
 
Core Allocation Plus Trust Interest rate contracts Futures $62,955 ($81,619)
  Credit contracts Credit default swaps 604,194 (864,765)
  Equity contracts Futures 151,219 (32,024)
  Foreign currency Forward foreign currency 101,057 (157,874)
  contracts contracts    
  Total   $919,425 ($81,619)
 
Global Bond Trust Interest rate contracts Futures/Written $6,162,915 ($6,146,071)
    options/Interest rate swaps    
  Credit contracts Credit default    
    swaps/Written options 1,736,990 (4,352,005)
  Foreign currency Forward foreign currency 15,845,729 (9,888,212)
  contracts contracts/Written options    
  Total   $23,745,634 ($20,386,288)
 
Health Sciences Trust Equity contracts Written options/Purchased $35,443 ($4,652,159)
    options    
  Total   $35,443 ($4,652,159)
 
Heritage Trust Foreign currency Forward foreign currency $13,864 ($73)
  contracts contracts    
  Total   $13,864 ($73)
 
High Yield Trust Interest rate contracts Futures $673,380 ($12,194)
  Foreign currency Forward foreign currency 287,535 (117,395)
  contracts contracts    
  Total   $960,915 ($129,589)
 
International Core Trust Equity contracts Futures $2,014,646 ($39,206)
  Foreign currency Forward foreign currency 2,653,848 (4,053,597)
  contracts contracts    
  Total   $4,668,494 ($4,092,803)
 
International Equity Index Trust A Equity contracts Futures $286,488 ($63,343)
 
    533    

 


  Foreign currency Foreign forward currency 98,323 (432,590)
  contracts contracts    
  Total   $384,811 ($495,933)
 
International Equity Index Trust B Equity contracts Futures $144,400 ($62,467)
  Foreign currency Foreign forward currency 84,709 (378,852)
  contracts contracts    
  Total   $229,109 ($441,319)
 
International Index Trust Equity contracts Futures $202,635 ($300,776)
  Foreign currency Futures 32,872 (728,892)
  contracts      
  Total   $235,507 ($1,029,668)
 
International Opportunities Trust Foreign currency Foreign forward currency $538,782 ($1,830,751)
  contracts contracts    
  Total   $538,782 ($1,830,751)
 
Investment Quality Bond Trust Interest rate contracts Futures/Interest rate swaps $343,389 ($1,819,058)
  Credit contracts Credit default swaps    
      3,010,706 (4,353,775)
  Foreign currency Forward foreign currency 686,309 (484,862)
  contracts contracts    
  Total   $4,040,404 ($6,657,695)
 
Mid Cap Index Trust Equity contracts Futures - ($1,403,995)
  Total   - ($1,403,995)
 
Mutual Shares Trust Foreign currency Forward foreign currency $4,826,920 ($949,007)
  contracts contracts    
  Total   $4,826,920 ($949,007)
 
New Income Trust Interest rate contracts Futures $30,211 -
  Foreign currency Forward foreign currency 7,150,527 ($5,548,669)
  contracts contracts    
  Total   $7,180,738 ($5,548,669)
 
 
 
    534    

 


Real Return Bond Trust Interest rate contracts Futures/Written $467,753 ($484,015)
    options/Purchased    
    options/Interest rate swaps    
  Credit contracts Credit default    
    swaps/Written options 221,880.00 (133,903.00)
  Foreign currency Forward foreign currency 969,982 (656,750)
  contracts contracts/Written options    
  Total   $1,659,615 ($1,274,668)
 
Small Cap Index Trust Equity contracts Futures - ($2,812,999)
  Total   - ($2,812,999)
 
Smaller Company Growth Trust Equity contracts Futures - ($103,495)
  Total   - ($103,495)
 
Strategic Allocation Trust Equity contracts Futures $259,195 ($1,321,578)
  Foreign currency Forward foreign currency 1,319 (63,235)
  contracts contracts    
  Total   $260,514 ($1,384,813)
 
Strategic Income Opportunities Foreign currency Forward foreign currency $2,080,757 ($1,116,577)
Trust contracts contracts/Purchased    
    options    
  Total   $2,080,757 ($1,116,577)
 
Total Return Trust Interest rate contracts Futures/Written $46,539,014 ($49,509,241)
    options/Purchased    
    options/Interest rate swaps    
  Credit contracts Credit default 5,249,952 (21,377,829)
    swaps/Written options    
  Foreign currency Forward foreign currency 25,584,884 (38,595,467)
  contracts contracts    
  Total   $77,373,850 ($109,482,537)
 
Total Stock Market Index Trust Equity contracts Futures - ($444,665)
  Total   - ($444,665)
 
 
 
    535    

 


Utilities Trust Foreign currency Forward foreign currency $2,441,009 ($329,679)
  contracts contracts    
  Total   $2,441,009 ($329,679)

 

Direct placement securities. The Portfolios may hold direct placement securities which are restricted as 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 September 30, 2011.

            Value as a  
    Original       percentage of  
    Acquisition Acquisition Beginning Ending share Portfolio's Value as of
Portfolio Issuer, Description date cost share amount amount net assets 9-30-11
Balanced Trust Facebook, Inc., Class A 8/12/2011 $31,708 - 1,018 0.03% $31,708
  Bought: 1,018            
  Facebook, Inc., Class B 3/31/2011 $107,376 - 4,294 0.11% $133,746
  Bought: 4,294            
Blue Chip Growth              
Trust Facebook, Inc., Class A 8/12/2011 $1,981,921 - 63,631 0.13% $1,981,921
  Bought: 63,631            
  Facebook, Inc., Class B 3/31/2011 $7,618,692 - 304,677 0.61% $9,489,805
  Bought: 304,677            
Financial Services              
Trust SKBHC Holdings LLC 11/8/2010 $1,934,579 269 387 1.47% $1,934,572
  Bought: 118            
 
Health Sciences Trust Tesaro, Inc. 6/6/2011 $113,098 - 51,999 0.08% $113,098
  Bought: 51,199            
Mutual Shares Trust Cerberus Investors I LLC 8/8/2007 $408,062 432,150 769,345 0.02% $100,015
  Reinvest: 337,195            
  Cerberus Investors II LLC 8/8/2007 $408,055 432,143 769,332 0.02% $100,013
  Reinvest: 337,189            
  Cerberus Investors III LLC 8/8/2007 $204,057 216,100 384,718 0.01% $50,013
  Reinvest: 168,618            
Science & Technology            
Trust Angie's List 3/15/2011 $689,829 - 9,752 0.20% $689,829
  Bought: 9,752            
  Coupon.com 6/1/2011 $471,099 - 85,758 0.13% $471,099
  Bought: 85,578            
  Facebook, Inc., Class A 8/12/2011 $458,921 - 14,734 0.13% $458,921
  Bought: 14,734            
 
536

 


Facebook, Inc., Class B 3/31/2011 $957,624 - 38,296 0.34% $1,192,809
Bought: 38,296            
Silver Spring Networks, Series E 12/11/2009 $386,000 38,600 38,600 0.10% $347,400
Bought: 0            
Twitter, Inc. 9/24/2009 $333,049 26,048 125,031 0.58% $2,012,199
3:1 Stock Split: 52,096            
2:1 Stock Split: 78,144            
Tender offer: (31,257)            

 

For additional information on the Portfolio's significant accounting policies, please refer to the Portfolio's most recent semiannual or annual shareholder report.

537

 


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: November 18, 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: November 18, 2011

/s/ Charles A. Rizzo
Charles A. Rizzo
Chief Financial Officer

Date: November 18, 2011